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XOXO Is Flipping the Script and Announcing a Genesis Collection Auction

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Gather up your partner, family, and friends to come and be a part of the genesis XOXO NFT collection, known as the “XOXO Love stories”. 101 Exclusive non-perfect couples, that were handpicked by the Devirs, with a one-of-a-kind background love story. Each piece has a special narrative written individually by Maya and Yehuda themselves.

All of the 101 NFT holders will receive a physical book with all 101 Love Stories from the collection, signed by Yehuda and Maya according to the purchased NFT’s story number. An extra airdrop of 1 XOXO NFT from the main collection and additional unique perks will be revealed by Maya & Yehuda in a private online meeting soon.

The decision to split the main collection into two stages with different types of sale options was a bold one for the highly expected project, one that came after plenty of feedback from both the XOXO community and social media.

The Devirs assured their fans that these steps were taken after listening to the XOXO community and its members, implementing their voices into the shaping process of this venture.

And all this, while being announced as speakers at ART Basel 2022 and appearing at the NFT.NYC conference – another exciting news and essential step in the bonding process of the Devirs and their beloved XOXO community.

It’s a marathon effort when it comes to perfecting the XOXO universe as it aims to offer a wide variety of utilities, hold a high level of art – as the Devirs presented throughout their astounding career – and have an achievable roadmap, with enough realistic goals to fulfill.

The Dutch auction of the coveted 101 XOXO Love stories, will occur on June 16th, 9:00 AM EST on the https://xoxonft.io/ Official Website.

As lifelong artists, Maya and Yehuda are always eager to create and innovate, and the XOXO project is a wild adventure they’ve decided to dedicate the majority of their efforts to, in order to deliver their fans the ultimate futuristic exclusive experience.

It’s the Devirs’ natural evolution in the art world, from past to future, containing within it the real secret to the persistent genius behind their art and work: their relationship. And the stronger their love gets, the more beautiful the results are in accordance.

So don’t wait for the FOMO to take over and make sure you’re all set for June 16th, because before you notice, XOXO’s Love Stories collection will be swept away by others.

For more information: https://linktr.ee/xoxonft

Blockchain

SingularityNET and OriginTrail: Advancing Decentralized Knowledge Graphs

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An innovative collaboration has emerged in the AI sector, as SingularityNET, a leading AI platform developer headquartered in Zug, Switzerland, and Trace Labs, the core development company of OriginTrail, based in Hong Kong, have just announced a strategic partnership aimed at supporting the development of the Knowledge Layer – the Internet of Knowledge.

This partnership signifies that two prominent players in the AI industry have come together to support a decentralized ecosystem where AI agents and infrastructure partners collaborate within the decentralized knowledge graph (DKG) landscape.
OriginTrail is an ecosystem dedicated to building a Verifiable Internet for AI, and this partnership marks the beginning of their collaboration with SingularityNET’s leading AI platform and robust ecosystem.

In some of the key highlights of this partnership, Trace Labs is tasked with developing sophisticated infrastructure that allows for efficient access and retrieval of information stored on the DKG, tackling challenges of AI hallucinations, bias, and model collapse due to an explosion in the amount of synthetic data produced by AI. This effort is aimed at enhancing the functionality and responsiveness of the decentralized knowledge graph within the OriginTrail network.

SingularityNET will then provide users access to its decentralized platform, where specialized AI models and Large Language Models (LLMs) can be purchased and used for data analysis. These models are designed to operate seamlessly with the data supported by the OriginTrail network, fostering a more robust ecosystem. The company will also develop AI models that can be trained directly on the Decentralized Knowledge Graph. This approach helps realize the shared vision of the two partners; eliminating the need for data centralization, and leveraging the decentralized nature of the blockchain to enhance privacy and security.

Leveraging SingularityNET’s leading position in mission-critical research of Artificial General Intelligence (AGI) and Trace Labs’ experience in commercializing Web3 and AI solutions, the strategic partnership is in particular aimed at solving the real world challenges with decentralized AI within the key sectors, such as Industry 4.0, decentralized science (DeSci), real world assets (RWA), and education.

Dr. Ben Goertzel, CEO of SingularityNET, stated, “As we move from an Internet of documents, media and apps to an internet of knowledge and AI, the basic composition of the Internet as a ‘decentralized network of decentralized networks’ becomes ever more important. Both SingularityNET and Trace Labs have powerful capability to grow decentralized networks around knowledge graphs and associated AI capabilities; connecting these networks together into a cross-linked, cross-token meta-network will yield a host of different synergies enabling a broad-based boost in intelligent functionality. As a practical example: Putting together a subgraph of OriginTrail’s DKG decentralized knowledge graph covering shipping logistics, with a knowledge meta-graph living in the OpenCog Hyperon system deployed on SingularityNET covering the timing of events in various markets, one could achieve an unprecedented level of emergent knowledge in the minds of AI agents carrying out supply-chain planning and forecasting. SingularityNET’s new MeTTa-Motto tool integrating Hyperon symbolic AI with LLMs and other deep neural nets could play a critical role here. Similar examples exist in every vertical market, which gives this partnership an almost unbounded potential for economic benefit and human good.”

Žiga Drev, Managing Director of Trace Labs, added, “The benefits of AI are limitless and so are the risks, like hallucinations and model collapse as the growth in synthetic data outpaces the provision of real world data. A truly open AI that fosters inclusion and a more equitable distribution of value can only be achieved through a collaborative and modular approach. We are proud to partner with SingularityNet, founded and led by the visionary Dr. Ben Goertzel, who coined the Artificial General Intelligence (AGI). Working alongside the leading visionaries at the convergence of crypto and AI opens exciting opportunities to accelerate real-world adoption of neuro-symbolic AI, combining the power of OriginTrail Decentralized Knowledge Graph (DKG) and SingularityNET’s specialized marketplace for Large Language Models (LLMs) and other AI models.”

Both organizations will also engage in collaborative marketing and social media efforts to promote their partnership and the innovations it brings to the blockchain world, the AI industry, and the intersection of these two sectors. The two partners are also mutually exploring and plan to integrate AI services into Trace Labs’ DKG and paranets.

The partnership is about working together today to solve the challenges of tomorrow; synergizing blockchains and knowledge graphs for safe, verifiable AI that emphasizes secure and privacy-preserving mechanisms for user authentication and authorization within the knowledge layer, and ultimately ensuring all data processing by users is rooted in their consent.

About SingularityNET

SingularityNET was founded by Dr. Ben Goertzel with the mission of creating a decentralized, democratic, inclusive and beneficial Artificial General Intelligence (AGI). An AGI is not dependent on any central entity, is open to anyone and is not restricted to the narrow goals of a single corporation or even a single country. The SingularityNET team includes seasoned engineers, scientists, researchers, entrepreneurs, and marketers. Our core platform and AI teams are further complemented by specialized teams devoted to application areas such as finance, robotics, biomedical AI, media, arts and entertainment.

About OriginTrail

OriginTrail is an ecosystem building a Verifiable Internet for AI, providing an inclusive framework that tackles the world’s challenges in the AI era, such as hallucinations, bias, and model collapse, by ensuring the provenance and verifiability of data used by AI systems. OriginTrail is used by global leaders like the British Standards Institution, Swiss Federal Railways, Supplier Compliance Audit Network (SCAN), representing over 40% of US imports and several consortia funded by the European Union among others. Advised by Turing award winner Dr. Bob Metcalfe, renowned for his law of network effects, the Trace Labs team (OriginTrail core developers) plays a crucial role in promoting a more inclusive, transparent, and decentralized AI.

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Caldera launches Guardian Nodes, creating a new path for teams to raise funds and decentralize their network

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  • Rollup-as-a-Service platform Caldera is launching Guardian Nodes, a production-ready node system that enables network users to verify rollup blocks for rewards.
  • HYCHAIN, the first team to leverage this system with Caldera, generated $8 million from their initial node sale.

Caldera, the leading Rollup-as-a-Service (RaaS) platform, currently powers over fifty EVM rollups (including Manta, Injective inEVM, Kinto, HYCHAIN, Treasure, and ApeChain) that secure ~$1B in total value locked.

Along with their core rollup infrastructure, Caldera offers a catalog of over 50 integrations across the modular stack and an assortment of other custom user-facing tools for chains to leverage.

Guardian Nodes are the latest addition to that list.

The Background

Today, the majority of L1 blockchains operate using a proof-of-stake model, where a chain’s participants are incentivized via network rewards to lend their stake and validate the chain.

This incentive structure fosters decentralization by encouraging individual stakers to operate honest validators, while punishing those who don’t, making for an extremely high cost to attack a network and compromise its security.

Decentralizing Rollups

EVM rollups have all but solved the scalability problem, with L2s and L3s on Ethereum enabling virtually infinite scale. But, there’s still no incentive for honest network participants to monitor these rollups.

Caldera’s Guardian Nodes allow teams to decentralize their rollups by enabling users to verify blocks and secure the network in exchange for rewards. Under the hood, this is accomplished by introducing a novel “light verifier” to Arbitrum rollups that allows Guardian Node operators to verify Nitro batches on everyday hardware without needing to run a full node.

Teams can launch Guardian Nodes to their users through a “Node Sale”, which distributes “keys” that authenticate a node’s eligibility to submit claims and earn rewards, granting purchasers the ability to operate a Guardian Node on a given rollup.

HYCHAIN, the first team to leverage this system, raised over $8m across 16,000+ node keys in just 2 weeks, completely supercharging their community while generating significant revenue for their project.

By enabling more parties to watch over a rollup and identify malicious behavior, the network’s security grows more robust— a crucial step to establishing trust in the chain’s correctness. This in turn generates more demand for a rollup’s native token, which is required for users to participate in validation and helps provide practical cryptoeconomic security for the network.

Guardians Nodes are another notch in the belt of Caldera’s impressive infrastructure solution. With the success of HYCHAIN’s launch, we expect more teams building rollups to leverage this innovative product in the coming months.

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PlayFi Announces Exclusive Node License Presale on Polygon PoS Network to Empower Gaming Innovation

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PlayFi, an AI-powered data network and blockchain tailored for the gaming industry, today announced its plan to conduct an exclusive node license presale on Polygon PoS Network. This sale deployment on the Polygon network marks PlayFi’s entrance into the market, showcasing its commitment to integrating blockchain technology into the traditional gaming world.

“We believe that launching our node license presale on Polygon PoS points to a pivotal moment in how blockchain can play a role in creating renewed innovation in gaming,” said Franklin Mongiove, Head of Partnerships at PlayFi. “The blended vision of gaming and blockchain creates momentum where the two not only coexist, but can be used in tandem to create better gaming experiences. Our goal at PlayFi is to see cohesion among traditional gamers and game studios with web3, where instead of asking publishers to build on web3 rails, they build new layers with cutting-edge technology.”

Introducing PlayFi’s Modular Node License

As part of the presale, users on the Polygon PoS network will gain exclusive access to tier one pricing of PlayFi’s innovative modular nodes license, ahead of the tiered public sale coming later this summer. Node license holders will be eligible for rewards for helping run the PlayFi network by ingesting, validating and storing data from AAA and indie games in web2 and web3.

PlayFi will continue its synergy with the Polygon community by becoming the first zkSync hyperchain to join the AggLayer, creating innovation with cross-chain interactions for game builders and players.

The Technology Powering the Vision of PlayFi

PlayFi aims to revolutionize the gaming landscape by seamlessly integrating blockchain into gaming. Aimed at gaming enthusiasts, node runners, developers, and game studios, PlayFi facilitates a rich, web3-enhanced gaming experience without compromising the core gameplay of the world’s most popular games.

PlayFi enables features such as amateur esports, peer-to-peer competitions, and advanced marketplaces, scaling to meet the demands of over three billion gamers globally. It does this through two core components:

  • PlayChain: A secure, scalable, and cost-effective zkEVM blockchain specifically designed for the gaming industry. It facilitates fast transactions and enables innovative features for developers.
  • PlayBase: PlayBase is the AI-driven core of the PlayFi ecosystem, managing a decentralized network of nodes that process, validate, and store gaming data. It optimizes data uploading and inter-node communication through advanced AI technology, while a dual restaking mechanism using the $PLAY token secures the network and boosts participant incentives, ensuring robust network integrity and operational efficiency.

The PlayFi team is led by a 6x startup founder alongside builders who have impressive experience at Activision Blizzard, BumbleBear Games (developer of popular arcade game Killer Queen), Meta, BattleFly Game, and more.

About PlayFi

PlayFi is redefining gaming by integrating blockchain technology to enhance gameplay and community engagement. Through its cutting-edge PlayChain technology and AI-powered PlayBase network, PlayFi ensures a fast, secure, and scalable zkEVM blockchain solution, as well as optimal data processing and analysis tailored for the gaming industry. With a commitment to enhancing the gaming experience with web3, PlayFi is empowering developers, players, and studios across the globe to push the boundaries of innovation in an ever-evolving digital landscape and setting new standards in how games are played, developed, and monetized. For more information, visit playfi.ai.

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Axelar Adds Interoperability to Rollkit, Delivering Interconnectivity for Thousands of Blockchains Built With Celestia Underneath

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Axelar Interchain Amplifier’s Integration With Rollkit Streamlines the Creation of Interoperable Rollups, Making it as Simple as Developing any Smart Contract

The Axelar Foundation today announced an integration with Celestia Labs that will make multichain interoperability easy for sovereign blockchains built with Celestia’s Rollkit, the first sovereign rollup framework. This integration will advance the modular thesis, simplifying multichain development for thousands of new blockchains.

Celestia is the first modular blockchain network, envisioning a future with 1 million rollups. Scaling Web3 to this level with great user experience requires smart-contract capability at the cross-chain layer. Integration of Rollkit and Axelar Interchain Amplifier puts this capability into builders’ hands by introducing new interoperability toolkits that easily connect any new rollup across EVM, Cosmos, Bitcoin, Polkadot and beyond, via Axelar’s growing network of connected chains.

Making rollups interoperable across the wider web3 ecosystem

“Opportunities are emerging rapidly in new ecosystems – we’re not far from a future where one in four transactions will be cross-chain,” said Axelar Foundation co-founder and director Georgios Vlachos. “Celestia has laid out the modular vision for accelerating this path to scaling Web3. Axelar Interchain Amplifier will empower applications to make those transactions seamless for their users, no matter what blockchain they build on.”

Rollkit is the modular framework for creating rollups as sovereign chains. Serving as a community-led public good that empowers developers to forge independent communities around diverse applications, Rollkit provides the flexibility to deploy across a modular stack, facilitating rapid innovation.

Axelar network, the Web3 interoperability platform, is set to enhance Rollkit via the integration of Interchain Amplifier. Built on the Axelar Virtual Machine, Amplifier ​​makes new-chain integrations permissionless and easy, automating routing and translation across Axelar’s expansive network, which today numbers 60+ interconnected chains.

Interop Labs, the initial developer of Axelar network, will build the necessary smart contracts and tooling to effect the integration of Interchain Amplifier as a seamless interoperability path for builders developing on Rollkit. Any mainnet upgrades to Axelar network are subject to an on-chain vote, as are future new-chain connections that may be added via Rollkit, once the integration of Amplifier into Rollkit is complete.

About Axelar network

Axelar is the Web3 interoperability platform, delivering the shortest path to scale on an open stack to connect all blockchains. Adopters include Uniswap, Microsoft and dozens of natively multichain startups, building applications to reach all blockchain users at once – 10X as many active users as the leading Web3 application environment. Axelar supports smart contracts on a cross-chain layer that is open, scalable and secure. Backers include Binance, Coinbase, Dragonfly, Galaxy and Polychain.

Users can learn more here: axelar.network.

About Axelar Foundation

Axelar Foundation is a nonprofit established to support the growth and adoption of the Axelar network, a decentralized interoperability platform that serves multiple blockchain ecosystems. Users can learn more at axelar.foundation.

About Celestia

Celestia is a modular data availability network that makes it easy for anyone to securely launch their own blockchain.

About Rollkit

Rollkit is the first sovereign rollup framework that makes deploying any VM or application as its own sovereign chain as easy as rollkit start, reducing the time to launch a sovereign chain from what used to be months to seconds.

About Interop Labs

Interop Labs is a leading developer of blockchain interoperability technology, used by Web3 infrastructure protocols to support scaling the next generation of internet applications to billions of users. Interop Labs is the initial developer of Axelar network. Users can learn more at interoplabs.io.

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Fluid Tokens Launch First Dex for Runes

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FluidTokens is proud to pioneer the first decentralized exchange (DEX) tailored specifically for Runes.

FluidTokens, a Swiss-based company, is at the forefront of transforming traditional finance through permissionless DeFi solutions. With a focus on UTXO blockchains like Bitcoin and Cardano, FluidTokens offers a diverse range of innovative financial services that empower users to leverage their assets securely and transparently.

The Runes Protocol, conceived by Casey Rodarmor, the visionary behind Ordinals, represents a significant leap forward in the Bitcoin ecosystem. Runes made their market debut on April 20, coinciding with the Bitcoin halving. The launch sparked a frenzy among investors, leading to a surge in transaction fees and record-breaking earnings for Bitcoin miners, surpassing $107 million in costs within the first week alone.

The Runes Protocol allows users to create and trade meme coins on the Bitcoin blockchain, offering alternatives to both Ordinals and the BRC-20 protocol.

FluidTokens’ DEX for Runes opens up new avenues for liquidity and trading within the Runes ecosystem, fostering a dynamic environment for investors and enthusiasts alike. By bridging the gap between traditional finance and the burgeoning world of DeFi, FluidTokens continues to lead the charge towards a more inclusive and accessible financial future.

As the leading ecosystem on both the Bitcoin and Cardano blockchains, FluidTokens is dedicated to meeting the evolving needs of the crypto community. Our platform offers a trustless and secure environment for users to access a wide array of non-custodial DeFi services, driven by community feedback and commitment to innovation.

“We’re proud to announce that we have created the first 100% permissionless lending protocol that supports Runes and Ordinals along with all the major BTC wallets. The lending protocol doesn’t need any centralised entity or layer 2 to function, thanks to our innovative BitWeave technology. We are currently working on several additional DeFi services that will run directly on Bitcoin Layer. We pride ourselves on usability of what we create and this DEX is proof of that. We’re basically giving you the experience of a Web2 exchange but permissionless,” says Matteo Coppola, CEO and Co-Founder of Fluid Tokens.

About FluidTokens

FluidTokens is the current leading ecosystem on Bitcoin and Cardano blockchains that leverages your assets to offer a world of innovative financial services. This open, trustless and secure ecosystem offers different non-custodial DeFi services for any crypto user, created following the community needs and feedback. FluidTokens is community-centric, prioritising a great user experience – listening to the community suggestions – and allowing everyone to be an active member. As the protocols are non-custodial, any user can be both a liquidity provider and a borrower! The official FluidDAO has been legally established in Switzerland, and the $FLDT token is live on MEXC and Minswap.

For more visit: https://fluidtokens.com/

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RAIR Technologies launches RAIRprotocol – Open source infrastructure for enterprise dApp development

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RAIR Technologies today announced the launch of RAIRprotocol, a fully open-source dApp protocol layer. RAIRprotocol enables the creation of scalable dApps through an open token licensing model. Smart Account, Marketplace, DRM, & NFT infrastructure all in one place. RAIRprotocol offers out-of-the-box partnerships with Alchemy and Web3Auth, as well as integrations for Filebase, Google Cloud, Hashicorp, MongoDB Atlas, Coingecko, and many more. For the first time, 88+ documented API endpoints are available for enterprises to deploy via a novel open-source token licensing model.

“One of the main reasons Web3 isn’t growing and expanding beyond Web2 is because every Web3 startup wants to be Google. To succeed, Web3 must adhere to its foundational principles: decentralization, transparency, and community involvement,” said Ed Prado, CEO of RAIR Technologies. “Large enterprises can minimize risk and gain a strategic advantage by integrating directly with our code.”

The RAIR open-source codebase represents four years and $3mm+ of proprietary development. Developers have the flexibility to utilize RAIR Technologies and RAIRprotocol together or independently, tailoring their approach to suit their specific project requirements. The 6 launch open-source microservices services include:

  • RAIRsolidity: Granular onchain NFT minting, royalty, resale, fungible token credit, and marketplace logic via ERC2535 upgradeable diamond multi-proxy contracts
  • RAIRnode: A backend to create modular API endpoints and scalable off chain cloud infrastructure.
  • RAIRfrontend: Deploying customizable mobile-first NFT marketplace frontends
  • RAIRstream: DRM-protected content with a full FFmpeg encoder/transcoder
  • RAIRsync: Specify all smart contract addresses to sync via Alchemy syncing engine
  • RAIRinfra: Full open-sourcing of RAIR cloud infrastructure tooling including Kubernetes and terraform workflows

The RAIR open token license, inspired by the Apache 2.0 methodology, requires that an NFT license be included inside the NOTICE file of derivative works. This means that any projects based on or derived from RAIR’s open-source code must include a specific NFT license notice to maintain compliance with the licensing terms.

“With RAIRprotocol, developers can build onchain starting with a fully working box. It takes years and millions of dollars to build production grade dApps. By starting with a working opensource dApp, we can 10x the speed new developers onboard to Web3.” said Garrett Minks, CTO of RAIR Technologies.

The RAIRprotocol has been in active development since 2019 as an investor-backed, heretofore proprietary enterprise SaaS product. To learn about the RAIRprotocol and RAIR Technologies’ full suite of now open-source Web3 software, please visit https://rairprotocol.org/.

ABOUT RAIR TECH

RAIR Technologies enables enterprises to seamlessly navigate asset creation, DRM security, royalty tracking, and marketplace trade and execution within a secure white-label environment. RAIR is driving innovation with its open-source RAIRprotocol. RAIRprotocol fosters scalability and innovation through a distinctive token licensing model that allows full access to the underlying RAIR Technologies source code.

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Chronicle Oracles Arrive on zkSync

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Chronicle Protocol is proud to announce the launch of support for zkSync. Scribe, blockchain’s first fully verifiable and cost-efficient Oracle, is live now on zkSync Era. Chronicle Protocol’s integration of zkSync unlocks decentralized, secure, and resilient price feeds for over 100 dApps already in the ecosystem.

Chronicle has launched on zkSync Era with its core Oracles, BTC/USD and ETH/USD, with more price feeds such as USDT/USD, USDC/USD, and WSTETH to follow.

“Together, Chronicle and zkSync combine the resilience of verifiable, gas-optimized, decentralized Oracles with the security and scalability of zk rollups, helping builders launch and serve their users on high integrity foundational infrastructure,” said Jennifer Senhaji, Head of BD & Growth at Chronicle.

Scribe tackles the underlying engineering problem behind the high cost of operating Oracles. The result is an Oracle that costs up to 6x less than Chainlink to update and 3.5x less than Pyth (on L1 and L2). This was achieved using Schnorr signatures – to read more about that, users can check out this research report by Token Terminal.

With Scribe’s arrival on zkSync Era, builders will immediately gain access to these huge cost-saving benefits without compromising on the security, resilience, or decentralization of the Oracle network.

Values aligned

Chronicle was the first Oracle on Ethereum back in 2017. It has long been a proponent of the “Ethereum approach”. Therefore, preserving its foundational values—freedom, self-sovereignty, and decentralization—values that both Chronicle and zkSync are built on—makes this integration a perfect fit in more ways than one. Chronicle is delighted to build together with those on the zkSync ecosystem.

The TL;DR on Scribe

Choosing an Oracle to secure a protocol and its TVL is the most important consideration of them all. With that in mind, Chronicle Protocol has prepared a short rundown of the questions every Oracle user should have definitive, verifiable answers to and how Scribe stacks up:

Where does the data come from?

Chronicle Scribe displays every data source in real-time and historically via The Chronicle, its on-chain dashboard. Users can pick an Oracle, choose a time and date on the graph, and click the drop-down arrow on any validator to see which exchanges were queried for the price data.

Oracle providers that use low volume and low liquidity exchanges or liquidity pools for data sources are the reason behind most DeFi protocol attacks. Every Oracle protocol should provide complete data source transparency to their users, and in a cryptographically verifiable way – not merely through words and images. Users are encouraged to seek verification rather than relyingsolely on trust.

How many validators or signers does the protocol have?

At Chronicle, protocol actors are referred to as validators. Other providers might call them signers or Oracles. These actors operate the nodes within the protocol that attest to the integrity of the reported data, such as the price of BTC/USD at a specific time.

This is how to establish truth in an Oracle network. Enough of these nodes must report back with the requested data to develop a consensus. However, if a bad actor can gain control of the majority of these nodes, they can manipulate the reported data. Therefore, the more validators or nodes an Oracle protocol has and the more distributed (or decentralized) they are, the more secure it is from being hacked.

Using The Chronicle, anyone can see who Chronicle Protocol’s validators are, which cryptocurrency pairs or Oracles they are sourcing data for, and when their reported data was last updated.

Scribe is the first Oracle design to pioneer the use of Schnorr signatures. This allows Chronicle Protocol to scale to an unlimited number of validators. No other Oracle protocol can achieve this as they all use an implementation of ECDSA that has a linear relationship between the number of validators and the cost of operating the Oracle.

Oracle networks constructed in this way must keep validator or signer numbers low to maintain a lower operating cost, sacrificing better security and decentralization.

Who are the protocol validators or signers

Knowing the identity of the validators is just as important as the total number. This is because an actor running a node can report any data they please. For example, they could have the node report that BTC is worth $10,000 when the market value is $40,000, creating an attack vector and draining the DeFi protocol the Oracle ‘secures.’

Therefore, decentralized and distributed nodes should be at the top of your Oracle provider shopping list unless you want your Oracle provider to have the power to drain your project. Right now, more than one Oracle provider runs all or the majority of its protocol’s nodes themselves, securing millions of dollars of TVL. Nothing stops them from draining your project if they get compromised. This is the risk of using a centralized Oracle.

At Chronicle, all of our validators are distributed and identifiable, and many are operated by well-known brands with a good reputation and track record—projects such as MakerDAO, Infura, Gnosis, Gitcoin, Etherscan, and DeFi Saver. Our goal is to create a validator community of some of the most used protocols in the space, creating a positive feedback loop of increasing security and decentralization.

What does it cost to operate the Oracles?

Oracles are very gas-hungry. For example, every time the BTC/USD Oracle (or Feed) updates to the latest price, this has a gas cost as it is required to post the result on-chain. Regardless of L1 or L2, the more updates, the more cost, and the Oracle provider shoulders that cost. Therefore, many Oracle providers look to update the data less frequently. This creates stale data and opens up opportunities for arbitrage, with both the Dapp and the user of the Dapp losing out.

With Scribe, we have tackled the underlying engineering problem behind the high cost of operating Oracles. The result is an Oracle that costs up to 6x less than Chainlink to update and 3.5x less than Pyth (on L1 and L2). This was achieved using Schnorr signatures – to read more about that, check out this research report by Token Terminal.

About Chronicle Protocol

Chronicle Protocol is a novel Oracle solution that has exclusively secured over $10B in assets for MakerDAO and its ecosystem since 2017. With a history of innovation, including the invention of the first Oracle on Ethereum, Chronicle Protocol continues to redefine Oracle networks. A blockchain-agnostic protocol, Chronicle overcomes the current limitations of transferring data on-chain by developing the first truly scalable, cost-efficient, decentralized, and verifiable Oracles, rewriting the rulebook on data transparency and accessibility.

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Radix does what other blockchains can’t: help cut CO2 in tourism

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Radix, a full-stack solution for Web3 and DeFi, is being used to build a cutting-edge prototype for a blockchain-based system that reduces the carbon footprint of global tourism — after being identified as the only network with the infrastructure needed to make the project a success.

Researchers developing the Carbon Tokenomics Model, which was unveiled on stage at COP28 as a revolutionary approach to tackling climate change, tested multiple blockchains in their search for a platform that was scalable enough to cope with the demands of the multibillion-dollar travel industry.

High transaction fees and slow confirmation times meant many of the world’s best-known chains were deemed unsuitable by the Surrey Academy for Blockchain and Metaverse Applications (SABMA) — except Radix, which boasts a unique consensus mechanism that can accommodate billions of users.

Speaking on stage at ITB Berlin, the world’s largest tourism trade fair, Eduard Goean, Visiting Professor at the University of Surrey, said: “We are building a prototype to prove that what we are saying could become reality. In order to make this, we have a partnership with the only blockchain company that we think in this moment is suitable for the visitor economy and the tourism industry. Why Radix? Because we analyzed the atomic composability and scalability of the blockchain.”

Tourism currently accounts for about 11% of global greenhouse gas emissions — equivalent to about 5.4 billion tonnes of CO2 — and there are fears that this figure could double by 2050 unless urgent action is taken. The goal of the Carbon Tokenomics Model is to help businesses and organizations across the visitor economy accurately measure their footprint, and take steps to mitigate it.

The efficiency of existing offsetting solutions has been difficult to assess, especially in the voluntary carbon market. Although such credits can enable businesses, including airlines to diminish the environmental impact of their operations, some schemes have faced criticism for over-representing the reduction of CO2 emissions they cause.

Full transparency on the blockchain has the potential to give the tourism and hospitality trade confidence that they’re making a difference — and having a positive environmental impact. Some of the research being carried out by the University of Surrey is being partly funded by the U.K. government through a Knowledge Transfer Partnership, offering a vote of confidence into the importance and credibility of this project.

A detailed research paper on the mechanics of the Carbon Tokenomics Model is due to be published in the coming months, with Radix founder Dan Hughes now working with SABMA on bringing this concept to life.

Hughes said: “Radix’s Cerberus consensus mechanism followed eight years of hard work, and it’s now paying off. Our infrastructure is now being recognized in the business world as technologically superior to other blockchains — finally giving entrepreneurs the tools they need to bring ambitious ideas to market. I’m proud that Radix is playing its part in the battle against climate change, which is one of the most pressing issues our world faces right now. Our involvement with the Carbon Tokenomics Model and the future-forward team at SABMA shows the use cases for Radix extend far beyond DeFi and crypto.”

About Radix

Radix is the only full-stack, Layer 1 smart contract platform that offers a radically better experience both for users and developers. With Radix, users can confidently use Web3 and DeFi to manage their assets and identities. For developers, Scrypto and Radix Engine provide a powerful and secure asset-oriented programming paradigm that allows builders to intuitively go from idea to production-ready dApps that their users will love.

For more information, please visit radixdlt.com.

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Gora Network expands ecosystem with GORA launch on ERC-20

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Gora Network, the leading multichain oracle network built on Algorand, is announcing the official launch of its native token, GORA, on the Ethereum Virtual Machine (EVM) via the ERC-20 standard. This strategic expansion unlocks new possibilities for the Gora ecosystem by fostering wider user adoption and increased liquidity across the DeFi landscape.

Enhanced accessibility and interoperability

The launch of GORA in ERC-20 marks a significant milestone in the expansion strategy of Gora Network’s EVM roadmap, complemented by the RociFi merger and the integration of Gora oracle on EVM networks. Developers can now explore Solidity code examples for data requests and off-chain computations in Gora, empowering them to create sophisticated dApps beyond simple price feeds.

The launch of the ERC20 comes after adding testnet support for #EVM-based protocols, and is one more step in Gora’s Multichain expansion roadmap.As Gora continues to evolve, it aims to revolutionize the space and empower developers to build the next generation of blockchain applications.

Benefits for the Gora community

With GORA now available on ERC-20, the Gora community can expect a range of advantages:

  • Increased liquidity: Listing on a prominent platform like ERC-20 provides access to a broader user base, potentially leading to increased trading volume and liquidity for GORA.
  • Enhanced utility: Users can now leverage GORA across a wider range of DeFi applications and services built on the EVM chain.
  • Trading opportunities: By becoming an ERC-20 token, the GORA token gains access to a broader pool of liquidity on Ethereum-based decentralized exchanges (DEXs) and liquidity pools. This increased liquidity enhances the trading experience for GORA token holders, providing them with greater flexibility and efficiency in executing trades and managing their portfolios.

A stepping stone for growth

The integration of the GORA token as an ERC-20 asset underscores Gora Network’s commitment to innovation and growth within the decentralized finance landscape. By embracing interoperability and expanding its presence across multiple blockchain networks, Gora Network is poised to unlock new opportunities for decentralized applications, developers, and users worldwide.

This paves the way for GORA integration into a myriad of decentralized applications (DApps) and smart contracts deployed on the Ethereum blockchain. Developers and projects within the Ethereum ecosystem will leverage the power of Gora Network’s oracle solutions and decentralized data feeds, powered by the GORA token, to enhance the security, reliability, and functionality of their applications.

“The launch of GORA on ERC-20 marks a significant milestone for Gora Network, opening doors to a broader ecosystem of DeFi innovation and interoperability. This integration not only enhances accessibility but also solidifies our commitment to democratizing access to reliable data feeds across multiple blockchain platforms, said Abdul Osman, CEO and Founder of Gora Network.”

The launch of GORA on ERC-20 marks a pivotal moment in Gora Network’s journey. It signifies not only the expansion of its reach but also the unwavering commitment to building a future-proof oracle infrastructure for the ever-evolving DeFi landscape. By fostering interoperability, embracing innovation, and empowering developers, Gora Network is poised to play a vital role in shaping a more secure and accessible DeFi future.

Empowering developers: Unveiling new tools and resources

Gora Network remains dedicated to supporting developers in building the next generation of DeFi applications. As part of this commitment, Gora is releasing a comprehensive set of developer tools, including solidity code examples for data requests and off-chain computations. These resources will simplify the integration of Gora’s oracles into dApps built on the Ethereum ecosystem, ensuring a seamless and efficient development experience.

Beyond its EVM expansion, Gora Network is actively exploring the potential of Machine Learning (ML) and Artificial Intelligence (AI) to bolster the security and reliability of its oracle solutions. By embracing AI/ML, Gora aims to push the boundaries of oracle technology and contribute to the creation of a more secure and trustworthy DeFi ecosystem.

About Gora Network

Gora Network is a multichain oracle network built on Algorand, providing secure and reliable data feeds for DeFi applications. Gora leverages innovative cryptographic techniques and a decentralized oracle network to ensure data integrity and uptime. Through its GORA token, Gora empowers its community to participate in network security, governance and benefit from its growth.

Join the Gora community

For detailed updates regarding the deployment of the GORA token on ERC-20, ( listing, DEXs, CEXs, etc ) , stay tuned to Gora’s social media channels and community forums for the latest news and announcements.

Website: www.gora.io
Twitter: https://twitter.com/GoraNetwork
Discord: https://discord.com/invite/Pe8rwyPvKp
Medium: https://goranetwork.medium.com/
Telegram: https://t.me/GoraNetwork

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Blockchain

Xai Foundation Launches Nodes on Nirvana Cloud, Ushering In a New Era of Layer 3 Scalability and Cutting Edge Web3 Cloud Computing for Gaming

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In partnership with Nirvana Cloud, Xai Foundation today announced the public launch of Xai RPC nodes to support Xai, the gaming blockchain that will enable real economies in the next generation of gaming. The Xai Foundation has deployed mainnet RPC nodes on Nirvana Cloud, which are available for developers via the Nirvana Labs developer platform.

Available today, the RPC nodes are deployed in five of Nirvana Cloud’s global regions including North America, Central Europe, Central Asia, and Southeast Asia. With Xai deploying on Nirvana Cloud’s global bare metal cloud in five distinct regions, users are guaranteed the strongest uptime, lowest latency, and lowest cost per requests (CPR) for their blockchain data needs. Current Xai ecosystem partners and builders including Camelot DEX, Dora, Goldsky, and Supra Oracles are operational on the nodes.

Soby, a core contributor to Xai, commented on today’s news: “This collaboration ensures that game developers building on Xai have access to the most reliable and cost-effective infrastructure needed to power their games. Nirvana Cloud’s global reach and bare metal technology guarantee the low latency and high uptime crucial for a seamless gaming experience. This is a significant step forward in empowering developers and fostering a thriving ecosystem for the future of blockchain-native gaming.”

The Xai nodes have been launched on bare metal deployment, with improved cost, global distribution, speed, and reliability for Xai game developers, delivering a better user experience for their end users. Nirvana RPC nodes deliver creators powerful tools such as auto-scaling and provisioning of cloud resources to handle the most demanding web3 use cases, as well as auto-routing to the nearest node, so developers can focus solely on the projects they are building.

Dan Burke, CEO of Nirvana Labs, added: “Nirvana and Xai are coming together to solve a critical component of next-gen gaming with the newest in web3 tooling. We are ushering in a new era of blockchain infrastructure and usability with the latest in layer 3 scalability and cutting edge web3 cloud computing to bring high performance and cost optimized cloud infrastructure to the gaming industry. We are proud today to be first to market with Xai mainnet nodes deployed globally on Nirvana’s bare metal cloud.”

Nirvana Labs, by utilizing its own proprietary bare metal cloud purpose built for web3 workloads, differentiates itself in three core areas versus traditional web2 providers and blockchain infrastructure providers reliant on web2 cloud providers: scalability and cost management, availability and latency, and through the comprehensive support and resources provided to clients.

Tailored specifically for gaming, the Xai blockchain offers traditional gamers an abstracted wallet and account experience, provides developers with increased gas and contract limits, and establishes a fully decentralized ecosystem that fosters trust and transparency for all participants.

About Xai Games

Xai was developed to enable real economies and open trade in the next generation of video games. With Xai, potentially billions of traditional gamers can own and trade valuable in-game items in their favorite games for the first time, without the need to use crypto-wallets. Anyone can support the Xai network by operating a node which allows them to receive network rewards and participate in governance. Xai is developed by Offchain Labs leveraging Arbitrum technology.

About Nirvana Cloud

Nirvana Cloud is purpose built for the distinct workload characteristics of web3, emphasizing high CPU clock speeds, low RAM latency, and low storage latency which are starkly different from conventional web2 general-purpose tasks. Nirvana’s cloud architecture is built with key objectives and metrics desirable for web3 firms: low latency and high throughput, resource cost optimization, CPU / RAM scalability and customizations, resilience and reliability, security and privacy, governance and sovereignty, and web3 focused tooling and customer support.

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