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BounceBit Roadmap: Romance of the Three Kingdoms

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The quest for a financial synthesis that seamlessly melds the traditional with the revolutionary has always defined the ultimate ambition of cryptocurrency: to reimagine money markets.

Since its inception, BounceBit has sought to capture this essence by integrating the established security of centralized finance (CeFi) with the boundless potential of decentralized finance (DeFi), establishing the third kingdom, CeDeFi.

The market has always been in search of fixed income opportunities for Bitcoin and dollar assets — a market worth multiple billions in traditional finance. While the crypto space has yet to fully tap into this potential, projects like Ethena have also recognized this opportunity, aiming to provide stable dollar yields with synthetic dollars like USDe.

What makes us… us?

Our core philosophy

Perhaps crypto is gradually coming to a point where (from an investors perspective) sifting through a mountain of low-caps is not the best bet anymore, nor is looking for the most scalable, most marketable, most secure infrastructure.

While these strategies might work for competent (or average) VCs and sophisticated (or lucky) retail investors, the risk-reward ratio is steeply declining for most.

Perhaps stable yields will bring us to a new flow of money, different from the legacy system. Perhaps it is already time to think more long-term.

BounceBit is not attempting to reinvent the wheel. Instead, we aim to bring a fresh perspective by integrating the best aspects of CeFi with the innovative potential of DeFi.

Our motivation for starting BounceBit was driven by the desire to democratize access to high-yield opportunities within the Bitcoin asset class. These opportunities were traditionally reserved for quant funds and top asset management firms. We strive to bring the transparent benefits of CeFi to the masses while bridging the gap between CeFi and DeFi.

Retail access, institutional yield

Our take on CeDeFi

We believe that a fusion of CeFi and DeFi is the way forward, taking the best from both worlds. CeDeFi is the logical step from a chronological and causal perspective and it might just be what will actually drive mass adoption of crypto – the one concept that takes us to the next level.

Trusted custody solutions such as Ceffu, Mainnet Digital, and Fireblocks provide the framework for sustainable and secure yield. These custodians are essential not only for retail investors but also for traditional finance institutions. They serve as a crucial safety net to DeFi, mitigating issues with regulation, smart contract vulnerabilities, and operational challenges.

Our asset-driven approach is particularly focused on the Bitcoin ecosystem. Unlike other projects that aim to act as a Layer 2 or sidechain to the Bitcoin Network, we have identified that there is no substantial demand for such solutions. Recent trends, like runes and BRC-20 tokens, seem to capitalize on temporary hype rather than addressing long-term needs.

Instead, our goal is to build infrastructure for Bitcoin as an asset, enhancing its utility without altering its core technology.

You might not agree, the market might not agree, and that’s fine, we are venturing this road anyway.

To put things into perspective, BounceBit’s unique value proposition lies in unlocking Bitcoin’s potential within both centralized and decentralized finance.

Liquid custody

If it has not been apparent until now, Liquid Custody Tokens (LCT) are a core component of the BounceBit infrastructure. All LCT are backed 1:1 by equivalent assets in custody, and they stay there until the LCT is redeemed. Custody is effectively an aggregated pool of assets, in a passive state, until they are not.

It enables earning tangible interest from CeFi, all while using LCTs to participate in Bitcoin staking and on-chain farming — a reinforcement of what holds CeFi and DeFi together.

2024 roadmap — what we are continually building

BounceBit has three pillars of development and each has a designated roadmap. Our big direction is to focus on CeDeFi and make a variety of CeDeFi products on our chain.

Structurally BounceBit can be characterized by three main pillars.

  • BounceBit Portal acts as the operating system. It is the interface that allows easy interaction with the products we offer.
  • BounceBit Chain is the settlement and executional layer of the project.
  • BounceClub is the Lego set to build CeDeFi as a service and as an ecosystem.

CeDeFi on Portal

We are taking both vertical and horizontal approaches for our CeDeFi expansion. Horizontal means integrating more assets and more asset management venues. Vertical means we are building more CeDeFi products to cover most use cases.

  1. Fixed Earn: Offers fixed income products for Bitcoin and dollar assets, catering to investors seeking predictable and consistent yields.
  2. Lending: Facilitates over-collateralized lending and borrowing, allowing users to leverage their Bitcoin assets for additional yield.
  3. Structured Products: Offers complex financial instruments tailored to meet specific investor needs, combining various yield-generating strategies.

Chain infrastructure:

Each chain comes with a purpose. The feature of BounceBit Chain focuses on CeDeFi asset management. The underlying infrastructure communicates and corresponds with custody and asset management.

Therefore, the chain will receive major upgrades to usability and performance.

We will…

  1. Optimize EVM execution layer to improve node performance
  2. Develop shared security client (SSC) module to allow other projects to utilize the liquidity of BounceBit BTC restaking chain
  3. Build new Mempool module to achieve higher transaction throughput
  4. Refactor the communication layer between EVM and Cosmos SDK

BounceClub

BounceClub will focus on CeDeFi as a service. Anyone can launch their CeDeFi products using our widget. BounceBit’s official role is limited to maintaining the whitelist for contract deployment, creating general components, and serving as a navigator. The Club website will not include dApp business logic components; it will only provide general components.

BounceBit’s vision is not yet widely known. This is a challenge but also an opportunity.

The proof of concept has already been delivered throughout the first four months of our journey; our CeDeFi products have proven returns and feasibility on a large scale, i.e. Binance Megadrop & Premium Yield.

BounceBit’s position is unique. Pioneers of a new paradigm.

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Kadena Announces Partnership with Lurk Lab to Build ZK Bridge

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Kadena, the world’s only scalable Proof of Work blockchain, announces a partnership with Lurk Lab to build out a Zero-Knowledge tech stack on the Kadena blockchain that will pave the way for provably secure cross-chain messaging.

Kadena and Lurk Lab are developing a robust ZK roadmap that includes a ZK bridge between Ethereum and Kadena. In total, there are two milestones that are expected to be accomplished in the second half of 2024, and a third milestone that will be completed later.

Given Lurk’s comprehensive and unique approach, John Wiegley, Kadena’s Chief Technology Officer, is excited about the robust capabilities being developed for ZKs on Kadena by Lurk Lab.

“We’re excited to work with Lurk Lab to integrate their zero-knowledge technology into Kadena, particularly for the impact it will have in enabling zero-knowledge cross-chain messaging,” said Wiegley.

John Burnham, Co-Founder and CEO of Lurk Lab, also shared in the enthusiasm for the partnership and bringing ZK to Kadena.

“It’s now generally accepted in Web3 that zero-knowledge cryptography is critical to building a world of fast, reliable, and interoperable blockchains, but what’s not yet as widely understood are the tremendous performance and safety advantages unlocked by defining zero-knowledge proofs – and blockchain infrastructure in general – using functional programming techniques. Kadena has long been a leader in this space, and we’re thrilled to be working together to achieve this shared vision of the functional future,” said Burnham.

About Kadena

Kadena offers the industry’s only Proof of Work Layer 1 blockchain that is infinitely scalable, secure, and decentralized. Its infrastructure-grade performance and impenetrable network empower users to develop high-value systems using Kadena’s security-focused smart contract language, Pact. Founded in 2017 by Stuart Popejoy and Will Martino, who previously created J.P. Morgan’s first blockchain and led the SEC’s Crypto Steering Committee, Kadena aims to drive widespread blockchain adoption by providing a Web3 platform for solving real-world problems for businesses. Explore more about Kadena at https://www.kadena.io.

About Lurk Lab

Lurk Lab builds tools that make provable computing fast, safe and easy. By combining zero-knowledge cryptography, formal verification and distributed consensus technologies, Lurk enables software to be as reliable and as powerful as mathematics without sacrificing performance.

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Azuro Steps Into AI Using Olas to Predict Sports Event Results

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Azuro, the leading liquidity layer for onchain predictions, is using Olas, the principal network for autonomous AI agents, to leverage their AI stack for the development of an autonomous agent capable of operating across the Azuro ecosystem.

Azuro is the frontrunner infrastructure layer for sport and entertainment prediction markets within EVM chains. Over 25 apps are operational on the protocol, with many others already in the works. Its innovative liquidity pool design, sophisticated tooling and oracle solutions allow apps to deploy without upfront investment or running costs, saving them valuable development resources that can be directed to user acquisition, engagement and monetization instead.

Transaction volumes on Azuro have been expanding consistently and rapidly over the past year, standing at $350+ million as of this writing, along with a protocol revenue in excess of $3M+, thus becoming the number 1 revenue-generating protocol on Polygon recently.

Olas, known for its composable stack that supports the development of autonomous services, provides a framework for building advanced autonomous agent technology. These AI agents, while running off-chain, are represented on-chain by smart contracts.

This union offers Olas AI technology the opportunity to access the fastest-growing prediction markets ecosystem. The Azuro AI agent will be capable of learning how to accurately predict outcomes of sports events. To maximize its learning, the agent will be retrofitted with data from Azuro markets. This AI agent, once operational, will be able to autonomously analyze, and operate in prediction markets on Azuro, enriching the ecosystem with data-driven insights and predictive capabilities for all participants.

“We are setting the basis for the development of AI agents that can effectively integrate and operate within the Azuro ecosystem. Long term, this integration could unleash a new era in market analysis and empower new applications for prediction markets beyond sports, such as political forecasting, and other entertainment events,” stated Rossen, core contributor at Azuro.

This is an exciting advancement for developers and users of Azuro prediction markets alike. Aside from the creation of the AI agent, Azuro will host a hackathon to provide tools and frameworks for the development of new autonomous agents and the expansion of use cases in prediction markets.

About Azuro

Azuro is the onchain predictions layer. It consists of modular tooling, oracle and liquidity solutions for EVM chains to host powerful prediction and gaming apps. With its unique infrastructure layer approach Azuro makes on-chain predictions and gaming portable and composable. It allows anyone to engage and monetize users by building apps, integrations, and products quickly, permissionlessly and with zero upfront or running costs.

For more information or press inquiries:

Website: https://azuro.org/
Docs: https://gem.azuro.org
Github: https://github.com/Azuro-protocol
Onchain activity: https://dune.com/azuro/stats

About Olas

Olas enables everyone to own a share of AI, specifically autonomous agent economies. Olas is a unified network of off-chain services – like automation, oracles, and co-owned AI. It offers a composable stack for building these services, and a protocol for incentivizing their creation. Olas enables operating these services in a co-owned and decentralized way.

For more information or press inquiries, users can visit:

Website: https://olas.network/
Docs: https://docs.autonolas.network/

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Pixelverse raises $5.5M from leading VCs to fund global expansion of Web3 gaming movement

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Pixelverse, the emerging entertainment studio and game ecosystem, has closed a funding round led by tier-1 VC funds and prominent founders from across the gaming and Web3 space. A total of $5.5M was raised to fund the growth of the Pixelverse gaming ecosystem that has attracted over 15 million users in less than its first month of operation.

Lead investors included Delphi Ventures, Merit Circle, Mechanism Capital. Bitscale Capital, Ghaf Capital, Big Brain Holdings, LiquidX, and Foresight Ventures also participated, along with angel investors including Sébastien Borget founder of The Sandbox, Luca Netz, Dingaling, DCF GOD, Grail, and James Kwon.

The venture round arrives at a time when Pixelverse is enjoying record growth. Its quest-based cyberpunk browser and Telegram games now have more than 15 million registered users and over 5M daily active users.

Pixelverse has emerged as a trailblazer in the Web3 gaming landscape, rapidly achieving mainstream adoption. Poised to become the first platform to transition 100 million Web2 gamers to its expansive Web3 ecosystem, Pixelverse is turning the notion of mass adoption from a mere meme into a tangible reality.

Kori Leon, COO of Pixelverse and former Binance Listing team, had this to say about the round: “Never in my time at Binance did I see a company with such strong adoption metrics in such a short space of time. Pixelverse is truly a game changer for web3 adoption and it’s incredible to see not only the growth in our userbase but also the deep connections and interactions formed within the community. Closing this round will allow us to expand our adoption strategy as we continue on our journey to become a leading gaming and entertainment hub not only in the web3 space but globally.”

Piers Kicks, founding partner of Delphi Ventures said: “We are pleased to be backing Pixelverse as they aggressively leverage Telegram’s distribution to drive a massive audience into their ecosystem. The team has a finger on the pulse of the market, and we’re excited to see what this in conjunction with community feedback brings as they deliver on their ambitious roadmap this year.”

Pixelverse has been instrumental in pioneering the Tap-to-Earn narrative that rewards regular engagement with fun web3 games and mini apps. It operates at the intersection of GameFi and SocialFi, with its Tap-to-Earn format causing it to be dubbed “the NotCoin of gaming.”

More than 10M battles are waged daily in Pixelverse’s Telegram mini app, called PixelTap. The browser-based Pixelverse realm, meanwhile, is set to be expanded further to encompass a universe replete with multiple mini-games and immersive storytelling thanks to the onboarding of world renowned art director and world builder with further details to be announced soon.

About Pixelverse

Pixelverse is a cyberpunk themed entertainment studio and game ecosystem that’s making web3 fun and accessible to the masses. Pixelverse aims to create a low-barrier entry game to onboard users into web3, offering true ownership of in-game assets and rewarding dedicated players, whilst creating an immersive gaming experience geared towards mass adoption and web2 gamers.

Learn more: https://pixelverse.xyz/

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BloFin Exchange enhances compliance and security with Chainalysis

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BloFin Exchange, a leading cryptocurrency trading platform renowned for its robust security measures and user-centric innovations, is excited to announce its integration with the Chainalysis blockchain data platform. This development is pivotal in enhancing the exchange’s compliance capabilities and safeguarding the assets of its global user base. Currently, BloFin offers up to 320 contract trading pairs and 100 spot trading services, achieving a hundredfold growth compared to 2023.

As part of its commitment to providing a safe and compliant trading environment, BloFin is implementing the Chainalysis crypto risk solution, enabling BloFin to monitor cryptocurrency transactions in real time, ensuring compliance with regulatory requirements and combating financial crime.

“We are thrilled about our collaboration with Chainalysis, which significantly enhances our platform’s security and compliance. In the crypto field, blockchain analytics is one of the most effective tools to prevent money laundering, and Chainalysis’ blockchain data platform is trusted by governments across the globe. At BloFin, we have always prioritized the security of our users’ assets. Our decision to collaborate with Chainalysis early in our development demonstrates our commitment to anti-money laundering. Integrating the Chainalysis crypto risk solution reinforces our commitment to these priorities. We are confident this collaboration will strengthen our ability to protect our community and set new standards for safety and trust in the cryptocurrency space. – Matt, BloFin CEO.”

BloFin has consistently been at the forefront of the crypto market due to its pioneering approach to product features and user experience. With a user-friendly interface and a suite of innovative trading tools, BloFin caters to the needs of both novice and experienced traders. Utilizing Chainalysis crypto risk solution further underscores BloFin’s dedication to regulatory compliance and operational transparency.

This integration aligns with BloFin’s strategic vision to utilize cutting-edge technologies that enhance user trust and security. By leveraging Chainalysis’ comprehensive blockchain analysis tools, BloFin can more efficiently identify potentially risky transactions, thereby protecting its community and contributing to the overall safety of the cryptocurrency ecosystem.

For more information about BloFin Exchange and its services, please visit https://blofin.com/.

About BloFin Exchange

BloFin is a global cryptocurrency exchange that offers a secure platform for trading various digital assets. The fastest-growing crypto exchange offers premium perpetual and futures trading services with over 320 USDT-M trading pairs, covering Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and various altcoins, along with up to 150X leverage. Seamlessly transition between our mobile app and web platform for uninterrupted trading, even on the go.

BloFin official website: https://www.blofin.com
Join BloFin’s account: https://www.blofin.com/register
BloFin Twitter: https://x.com/Blofin_Official

About Chainalysis

Chainalysis is a blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. Our data powers investigation, compliance, and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk. For more information, visit www.chainalysis.com.

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PlayFi Announces Strategic Alliances & Integrations with Four Industry Leaders to Enhance Gaming Innovation Through AI and Web3

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PlayFi, an AI-powered data network and blockchain tailored for the gaming industry, has announced new engagements with four industry leaders aimed at strengething the gaming ecosystem through enhanced technology integrations. PlayFi, which sits at the intersection of gaming, web3, and AI, will be working alongside Aethir, MultiversX, Squid, and Matter Labs, furthering PlayFi’s commitment to advancing the gaming industry with cutting-edge blockchain solutions.

“We are thrilled to be working with industry leaders like Aethir, MultiversX, Squid, and MatterLabs, on a shared mission to push the boundaries of what’s possible in gaming,” said Ben Beath, founder and CEO of PlayFi. “Together, we share a goal in creating a more interconnected, efficient, and immersive gaming ecosystem that will benefit developers and players alike. We are grateful for the work we’ve already done as partners and look forward to the milestones we will achieve together.”

The goal throughout all of these engagements allows PlayFi to enhance its web3 offerings across verticals by integrating advanced blockchain technology into the gaming ecosystem, enhancing cross-chain interactions, improving data security and accessibility, and providing seamless, cost-efficient experiences for developers and gamers. This will be achieved by:

  • Aethir’s GPU resources: As part of a shared commitment to optimizing GPU cloud computing resource use and enhancing technological capabilities across gaming and AI, PlayFi and Aethir are joining forces to harness this technological expertise and bring mass-market gaming to the blockchain, fostering approaches that support a robust gaming ecosystem and enable developers to build seamless Web3 experiences on top of Web2 IP. Aethir’s expertise in redistributing GPU resources by leveraging decentralized cloud infrastructure is vital to PlayFi, as it aims to enhance the gaming ecosystem and provide gamers worldwide with unparalleled experiences. In addition, PlayFi is also providing all Aethir Checker Node holders guaranteed whitelist access to PlayFi’s upcoming node license sale, ensuring they secure the best prices. More information on this integration can be found here.
  • MultiversX’s secure data storage: Through collaboration with MultiversX, PlayFi will enable the MultiversX ecosystem to leverage the PlayBase network – the AI-driven core of the PlayFi ecosystem – to securely store data from blockchain-powered games and sovereign chains. PlayFi will work with MultiversX on the development of specialized oracles compatible with the MultiversX infrastructure, offering seamless access to PlayBase’s rich data, thus unlocking new possibilities and enriching gaming experiences.
  • Squid’s SDK integration: PlayFi and Squid have joined forces to boost interactivity and accessibility within the PlayFi ecosystem. Together, this enables seamless token swaps across different blockchains. With Squid’s innovative API and SDK integration, PlayFi users can effortlessly swap any token type, connecting diverse blockchain environments such as Ethereum, zkSync, and Polygon. Thanks to this integration, in-game items, rewards, and other digital assets can now be won in one game and redeemed in another. This integration aims to set new standards in gaming by reducing costs, improving efficiency, and broadening market reach, ultimately expanding gaming possibilities and scaling user experiences at increased ease.
  • Matter Labs’ ZK Stack: Matter Labs’ ZK Stack is the powerful Layer-2 solution powering PlayFi’s PlayBase blockchain. By incorporating ZK Stack, PlayFi benefits from ultra-low gas fees, combining the efficiencies of ZK Rollups and Validiums, which significantly reduces costs while boosting transaction throughput. This integration also introduces native account abstraction, making PlayFi accessible to a broader audience by allowing transactions without a crypto wallet. With faster finality times, seamless connectivity, and liquidity access within the ZK Stack network, including zkSync, this integration ensures PlayFi remains at the forefront of blockchain infrastructure, providing a fast, affordable, and interconnected gaming experience.

“PlayFi unites AI and gaming, the two key sectors in which Aethir is engaged as a decentralized cloud computing provider. Through our collaboration with PlayFi, we are supporting cutting-edge innovations that leverage the power of AI to enhance Web3 gaming and introduce new, groundbreaking experiences for builders and players alike. Aethir’s DePIN stack is a reliable and highly-scalable ally of AI and gaming platforms, so teaming up with an industry innovator like PlayFi was a natural step for us,” said Daniel Wang, CEO of Aethir.

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, users can visit playfi.ai.

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Altcoins

HashKey Global Launches 2nd HashKey Launchpool: Earn ATH Tokens by Locking ATH & USDT

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HashKey Global will launch the second phase of the Launchpool project, Aethir (ATH), on June 11, 2024. Users can lock ATH or USDT to share a pool of 5,870,000 ATH. The locking period is 3 days, starting on June 11 at 02:00 (UTC), with rewards beginning to accrue on June 12 at 10:00 (UTC). Spot trading for ATH/USDT will commence on June 12 at 10:00 (UTC), and ATH withdrawals will be available starting June 13 at 10:00 (UTC). Participation requires KYC verification, and both deposits and withdrawals will be conducted via the ERC20 network.

The Launchpool offers two supported pools: ATH Pool and USDT Pool. The ATH Pool provides 1,837,000 ATH in rewards with a minimum locking amount of 100 ATH and a maximum of 260,000 ATH. The USDT Pool offers 4,033,000 ATH in rewards, requiring a minimum of 10 USDT and a maximum of 5,000 USDT. The Launchpool period runs from June 12, 2024, to June 15, 2024.

About HashKey Global

HashKey Global is the flagship global digital asset exchange under HashKey Group, offering licensed digital asset trading services to users worldwide. HashKey Global has obtained a license from the Bermuda Monetary Authority with the potential to provide mainstream trading and service products such as LaunchPad, contracts, leverage, and staking.

For more details, please visit global.hashkey.com

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Technologies

Persistent Launches GenAI Hub to Power New Era of Enterprise AI Adoption

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Persistent Systems and a global Digital Engineering and Enterprise Modernization leader, announced the launch of GenAI Hub, an innovative platform designed to accelerate the creation and deployment of Generative AI (GenAI) applications within enterprises. This platform seamlessly integrates with an organization’s existing infrastructure, applications, and data, enabling the rapid development of tailored, industry specific GenAI solutions. GenAI Hub supports the adoption of GenAI across various Large Language Models (LLMs) and clouds, without provider lock-in.

To effectively leverage the potential of GenAI and translate ideas into tangible business outcomes, enterprises must seamlessly integrate it into their existing systems. With a wide array of AI models ranging from extensive to specialized, clients require a robust platform like the GenAI Hub. This platform simplifies the development and management of multiple GenAI models, expediting market readiness through pre-built software components, all while upholding responsible AI principles.

The GenAI Hub is comprised of five major components:

  • Playground is a no-code tool for domain experts to explore and apply GenAI with LLMs on enterprise data without the need for programming skills. It provides a single uniform interface to LLMs from private providers like Azure OpenAI, AWS Bedrock, and Google Gemini, and open models from Hugging Face like LLaMA2 and Mistral.
  • Agents Framework provides a versatile architecture for GenAI application development, leveraging libraries like LangChain and LlamaIndex for innovative solutions, including Retrieval Augmented Generation (RAG).
  • Evaluation Framework uses an ‘AI to validate AI’ approach and can auto-generate ground-truth questions to be verified by a human-in-the-loop. It employs metrics to track application performance and measures any drift and bias that can be addressed.
  • Gateway serves as a router across LLMs, enabling application compatibility and improving the management of service priorities and load balancing. It also offers detailed insights into token consumption and associated costs.
  • Custom Model Pipelines facilitate the creation and integration of bespoke LLMs and Small Language Models (SLMs) into the GenAI ecosystem, supporting a streamlined process for data preparation and model fine-tuning suitable for both cloud and on-premises deployments.

The GenAI Hub streamlines the development of use cases for enterprises, offering step-by-step guidance and seamless integration of data in LLMs, enabling the rapid creation of efficient and secure GenAI solutions at scale, whether for end users, customers, or employees.

Praveen Bhadada, Global Business Head – AI, Persistent: “At Persistent, we have always stayed ahead of the curve to capitalize on the latest industry technology trends, and now we’re reaching new frontiers in GenAI to solve critical enterprise challenges and turbocharge client growth. With the Persistent GenAI Hub, clients can embrace a “GenAI-First” strategy, delivering AI-powered applications and services at scale. They can accelerate innovation while practicing responsible AI, leveraging pre-built accelerators and evaluation frameworks, and optimizing costs with a cross-LLM strategy. The GenAI Hub enables enterprises to streamline operations, enhance customer experiences, and identify new avenues for growth.”

Mark Troller, CIO, Tangoe: “Tangoe has been leading the industry in automation for more than a decade, and with Persistent’s expertise and support, we have developed a secure generative AI chatbot that empowers employees to drive higher efficiency in their daily work. This collaboration has not only opened new doors for innovation but also sharpened our competitive edge. We’ve seen strong early adoption from our employees and look forward to building more advanced capabilities using this emerging technology.”

Thomas Reuner, Executive Research Leader and Head of EMEA, HFS Research: “We are seeing a shift in the market as organizations look to scale out their GenAI deployments. A pause of reflection often follows this shift as they encounter new deployment challenges and risks. Persistent’s GenAI Hub provides both an evaluation framework to validate the AI approach and a comprehensive set of capabilities to accelerate the time to value to help organizations navigate those challenges.”

About Persistent

With over 23,800 employees located in 21 countries, Persistent Systems (BSE & NSE: PERSISTENT) is a global services and solutions company delivering Digital Engineering and Enterprise Modernization. As a participant of the United Nations Global Compact, Persistent is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. With 268% growth since 2020, Persistent is the fastest-growing Indian IT Services brand according to Brand Finance.

Website: www.persistent.com

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Altcoins

DEX.ORG: The Robinhood of DeFi Gears Up for an Explosive Token and Exchange Launch

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DEX.ORG, the innovative decentralized exchange (DEX) platform, is excited to announce the upcoming launch of its highly anticipated token and exchange. Poised to become the “Robinhood of DeFi,” DEX.ORG combines the best features of centralized exchanges (CEX) with the unparalleled security and autonomy of decentralized finance (DeFi), setting a bold new standard in decentralized trading.

A Revolution in Decentralized Trading

Since the inception of cryptocurrency exchanges with Bitcoin in 2008 the DeFi landscape has rapidly evolved. Today, crypto exchanges process nearly one trillion dollars in monthly trading volume. DEX.ORG is leading the next wave of innovation in this space, offering a radically new experience that bridges the gap between easy-to-use UX/UI and decentralized security.

“We took what Robinhood did for retail trading and what Wise did for banking as an inspiration for this exchange.” says the DEX.ORG team. “We have reimagined the trading experience from the ground up to provide a seamless, secure, user-centric, and intuitive platform for all types of traders.”

Features & Advantages

  • Custody and Control: As a non-custodial platform, DEX.ORG ensures that traders maintain full control of their private keys and funds, in contrast with the custodial nature of traditional CEXs.
  • Transparency: Every transaction on DEX.ORG is immutably recorded on the blockchain
  • Stability and Security: DEX.ORG operates 24/7 without manual intervention and never holds user funds, reducing the risk of hacks and insider fraud.
  • Privacy: With NO KYC requirements, DEX.ORG provides a degree of user anonymity, enhancing privacy and security for traders.

Advanced Trading Experience

DEX.ORG’s hybrid decentralized exchange model implements advanced smart routing mechanisms to satisfy trades across all major EVM chains. Users can trade both traditional and taxable tokens with instant access to the best prices and liquidity via multiple decentralized exchanges.

  • Multi-Chain Support: DEX.ORG supports transactions across several blockchains including Ethereum, BSC, Polygon, Avalanche, and more enabling hassle-free cross-chain trading.
  • Intuitive UX/UI: DEX.ORG is designed with an intuitive and user-friendly trading experience with advanced features available for more experienced traders.
  • Multiple Smart Routers: DEX.ORG’s multiple smart routers enable trading of any token, taxed or non-taxed. These routers always ensure optimal trading outcomes.
  • Limit Orders: Traders can manage risk with limit orders to buy or sell at any desired price. This offers greater control and flexibility for trading strategies.

Strategic Partnerships & Security

To ensure the highest standards of security and reliability, DEX.ORG has made strategic partnerships with leading firms in the blockchain space.

Smart Contract Auditors, Liquidity Providers, Market Makers: Collaborations with aggregators to provide superior liquidity & Cross-Chain Bridges and Layer 2 Solutions are to be announced in DEX.ORG’s Telegram (@DexDotOrg) and X (@dexorgexchange) building up to exchange launch.

Tokenomics and Revenue Streams

$DEX powers and supports the DEX.ORG ecosystem. The $DEX token is designed to stimulate positive and collaborative behaviors that help build a healthy and vibrant trading community. With a fixed supply and strategic allocation, early participants are rewarded for their commitment, while a ‘token back’ mechanism ensures long-term sustainability.

Revenue streams include trading fees, promotional placements, and listing fees.

Join the DEX.ORG Revolution

DEX.ORG invites all traders, from newbies to professionals, to join our growing community and become a part of the future of decentralized trading.

For more information, visit WWW.DEX.ORG, or join our community on Telegram @DexDotOrg

ABOUT DEX.ORG:

DEX.ORG is a pioneering decentralized exchange platform that combines the best features of a centralized exchange with the security and autonomy of decentralized finance. Providing an intuitive trading experience, advanced security features, and community tools such as copy trading, DEX.ORG is a groundbreaking new paradigm for trading digital assets.

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Polychain leads $8M seed round for Nubit to enhance blockchain scalability and multichain ecosystem

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Nubit advances blockchain scalability with $12M total funding, integrating major Layer 2 frameworks and supporting multi-chain ecosystems, while pioneering an innovative data availability solution to unlock limitless applications in AI, SocialFi, and GameFi.

Nubit has successfully closed an $8 million seed funding round, led by Polychain Capital, with participation from Nomad Capital, Spartan Group, L2IV, Big Brain Holdings, GCR, Protagonist, Gate Ventures, Animoca, Mask Network, and others. This latest round brings Nubit’s total funding to $12 million, advancing its mission to develop the most secure and scalable data availability (DA) layer for multi-chain ecosystems, supporting limitless applications including AI, SocialFi, and GameFi.

“I have known and collaborated with Prof. Yu Feng and the Nubit team for a long time. Their historical achievements in ZK, security, and blockchain give me confidence that their innovative data availability solution can unlock numerous application possibilities across various sectors. – Luke Pearson, GP of Polychain Capital.”

Founded by UCSB computer science professor Yu Feng, Nubit integrates a decade of research to advance blockchain scalability. By leveraging Bitcoin’s economic security and optimizing key metrics such as fraud detection mechanisms, attestation security, and accessibility with Zero-Knowledge technology, Nubit ensures unparalleled trust and reliability while achieving scalability through a high-performance consensus algorithm and innovative data structures like the KZG-based Namespaced Merkle Tree.

As the crypto landscape evolves, enabling unlimited innovations with the most secure and scalable data availability layer is crucial. Everyone wants to use Bitcoin’s block space to secure their blockchains due to its unparalleled security, but the limited space and high costs make this impractical. Nubit addresses these challenges by leveraging Bitcoin’s economic security to provide an innovative data availability layer that ensures both security and scalability. It brings Bitcoin-level security to various applications and infrastructures, effectively bridging the gap between Bitcoin-native solutions and the broader multi-chain ecosystem.

Debuting as a leader in Bitcoin Season 2, Nubit has integrated major players such as Babylon, BounceBit, Unisat, and Merlin Chain. Furthermore, to address the insecure execution layer in the Bitcoin ecosystem, Nubit is committed to developing a programmable, modular, and trustless execution layer for meta-protocols like BRC-20 and Runes. The academic paper “Stateless and Trustless Execution Layer for Meta-Protocols on Bitcoin” lays the foundation for new possibilities in the Bitcoin ecosystem.

Beyond the Bitcoin ecosystem, Nubit recently extended its support to all major Layer 2 frameworks, including Polygon CDK, OP Stack, Arbitrum Orbit, and Scroll, making it a universally applicable data availability solution. As Nubit expands, its strategy now includes a broader scope, focusing on unlocking new possibilities for AI/ML and on-chain gaming across multi-chain ecosystems.

In April 2024, Nubit launched its Pre-Alpha Testnet, engaging 155,115 users, deploying 5,294 modular services, and processing 561,862 transactions. The team will launch the Alpha Testnet in June, the final phase before the mainnet launch later this year.

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Technologies

Unimantic Protocol Updates MEV Bots With New Features and Improved Security

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Unimantic Protocol, a leader in automated trading on the cryptocurrency markets, has released an update to its MEV Bot software. These bots, known for their ability to extract maximum value (MEV) from transactions, have received a number of enhancements that make their operation even more efficient and secure.

What are MEV Bots?

MEV bots, or sandwich bots, automate the process of “sandwiching” transactions by inserting their transactions before and after target transactions in a mempool. This allows the bots to profit from price changes caused by large orders.

Technical Improvements:

  1. Machine learning in mempool analysis: Bots now use machine learning algorithms to more accurately predict market changes and quickly identify target transactions.
  2. Transaction Speed Optimization: The reaction time for bots to identify a target transaction has been significantly reduced, thus lowering the risk of competition and increasing the chances of successful execution of sandwich transactions.
  3. Enhanced Security: New security mechanisms, including multi-factor authentication and data encryption, have been implemented to protect bots from attacks.
  4. Multi-chain Support: Updated bots can now run on multiple blockchain networks simultaneously, including Ethereum, Binance Smart Chain and Solana, expanding the number of available sandwiching options.
  5. Adaptive Strategies: Bots now have the ability to dynamically change their parameters based on current market conditions, allowing them to respond to market changes more effectively.

Example of operation:

  1. Target Detection: a MEV bot monitors a mempool and detects a large purchase of Token A that is likely to cause the price of the token to rise.
  2. Bot’s first transaction: The bot immediately sends a transaction to buy Token A at the current price.
  3. Target transaction: The next transaction is an initial large purchase of token A that causes the price to rise.
  4. Bot’s second transaction: The bot sends a transaction to sell Token A at the new, higher price, capitalizing on the price spike.

Conclusion

With the new update, Unimantic Protocol MEV bots become even more powerful tools for automated trading. These improvements provide users with not only increased profits, but also a high level of security. Unimantic Protocol continues to lead the way in innovation, providing its investors with the most advanced technology for successful trading in the cryptocurrency markets.

 

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