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PreIPO Corporation™ Executes Milestone Agreement with Umergence, a U.S.-based FINRA Broker-Dealer

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PreIPO Corporation™ has partnered with Umergence, a U.S.- based FINRA Broker Dealer to help guide roadmap execution of its proprietary PreIPO-as-as-Service platform at www.preipo.com.

Umergence is a premier broker dealer placement agent specializing in private placements and alternative investments. Their representatives focus on institutional capital placements, M&A advisory, early to late-stage direct investments, and late-stage strategic opportunities. The collective experience of the Umergence team has been instrumental in helping place capital domestically and abroad.

PreIPO.com™ is singularly dedicated to comprehensively disrupt, scale and democratize the Primary and Secondary Markets with its suite of proprietary platforms; including: PreIPO-as-a-Service™, Diligence-as-a-Service™ and PreIPO Intelli™, which are either powered by AI and ML or were developed to be powered by comprehensive Web3 technologies featuring Blockchain and the Tokenization of securities. “On behalf of the entire PreIPO Corp.™ company we are extremely proud to have achieved a major milestone event by partnering with Umergence, a prestigious broker/dealer, known for its broker/dealer-as-a-service platform, to lay a foundation for PreIPO Corp.™ to bring pre-IPO deal flow to our proprietary platform,” said David Grzan, Executive Chairman and CEO.

“This Agreement with PreIPO Corporation™ reflects our desire to collaborate with companies that share our vision of broadening access to alternative investments and doing so with conscientiousness and integrity. PreIPO’s technology is forward-thinking, and their innovative platform has immense potential for private market allocators,” said David Logan, CEO and Principal of Umergence.

About PreIPO Corporation™

PreIPO Corp.™ is a financial technology company specializing in actively participating in private market securities transactions for qualified investors, sellers, issuers, and financial institutions through its vertically integrated ecosystem of ‘licensable while-labeled’ SaaS offerings designed especially for broker/dealers. As a pioneer in digitally distributed financial systems, PreIPO™ is deploying its proprietary PreIPO-as-a-Service Platform™. We are also pleased to offer PreIPO INTELLI™, this program will condense hours and days of internal research into easily digestible and actionable insights for qualified investors. Visit our website www.preipo.com.

About UMERGENCE

Founded in 2015, UMERGENCE is a broker/dealer registered with FINRA/SIPC. UMERGENCE is trusted partner to accredited and institutional investors, helping them navigate the opacity of alternative investing and private capital markets. The company’s mission is to provide clients the highest quality deal flow and bespoke service to meet changing needs and mandates. For more information about UMERGENCE, please visit its website at www.Umergence.com.

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Yield App acquires structured product provider Trofi Group

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Yield App has acquired Trofi Group, a platform that offers structured product solutions for cryptocurrencies, in response to growing investor demand for enhanced yield investment opportunities. The acquisition adds four new structured product strategies to Yield App’s product suite that offer the opportunity to capture upside across a range of market conditions.

The move positions Yield App as one of the leading digital wealth platforms on the market that acts as a crucial gateway to the digital asset space through sophisticated products. The team at Trofi Group has a combined 30 years of experience working on the derivatives desks at HSBC and J.P. Morgan. They will join Yield App in building out best-in-class crypto structured products that meet the same rigorous standards as their traditional finance equivalents.

Commenting on the acquisition, Tim Frost, CEO of Yield App, says: “The acquisition of Trofi Group establishes Yield App as a pioneer within the crypto structured products arena, making us one of only a few platforms to bridge the gap between traditional finance and crypto.”

“We are grateful to the team at Trofi for trusting us to continue their excellent work in bringing enhanced yield structured products to crypto. We look forward to leveraging the team’s vast experience to expand Yield App’s suite of digital wealth management solutions.”

Following the acquisition, Yield App will be launching “Trofi, powered by Yield App”: a beta version of a dedicated investment app. The app will allow access to Yield App’s first crypto structured products through four different strategies, with additional products to be unveiled in line with market demand.

  • Dual currency provides investors with the opportunity to acquire a cryptocurrency at a lower price at a predetermined point in the future, while also earning yield.
  • The Range structured product allows investors to generate yield with a view that markets will remain within a specified price range.
  • Sharkfin is designed for investors with a moderately bullish view on future prices, and pays a guaranteed minimum coupon with the potential to generate a high yield at maturity.
  • The Target product is designed for investors with a bullish view on the future price of a cryptocurrency, with the potential to earn a high yield.

Chief Investment Officer of Yield App, Lucas Kiely, adds: “Structured products have been a core offering under wealth management for years. But in crypto, structured products have not yet gained the prominence they have in traditional finance.”

“As cryptocurrency markets mature, we find ourselves at a perfect inflection point to introduce digital asset structured products that are built with the same methodology and benefits as an exciting alternative for investors with different risk appetites and objectives.”

About Yield App

Yield App is a digital wealth platform that offers safe custody of digital assets, or allows customers to exchange and earn on their assets in return for market-leading rates. Its mission is to safely unlock the full potential of digital assets, combine them with the most rewarding opportunities available across financial markets and make these available to the masses.

Yield App’s innovative technology platform seamlessly bridges traditional and decentralized finance in the easiest way possible and is supported by Yield App Labs, a dedicated in-house research and development arm, backed by a highly experienced, best-in-class DeFi team. Yield App Labs collaborates with and invests in Web3 projects that share Yield App’s vision for a permissionless future.

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OKX copy trading allows users to duplicate winning strategies from top traders

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OKX, the world-leading cryptocurrency platform and Web3 technology company, today launched its copy trading tool to its global user base on its social trading platform.

Copy trading allows users to follow high-performing “lead traders,” receive real-time updates on their latest moves and replicate trading strategies across more than 600 trading pairs.

Since May 2022, OKX social trading has allowed users to view the portfolio breakdowns, transaction histories, profit and losses and risk levels of high-performing traders.

Haider Rafique, OKX’s global chief marketing officer, said: “In the last year, we have added a number of features that make it easy for new traders to follow or learn from other successful traders on the platform. Advancing social trading to include copy trading now adds more utility to the community of traders available to anyone on OKX. This feature is yet another way we believe we can help new traders to trade responsibly and manage risk while giving professional traders on our platform more ways to generate income.”

OKX copy trading also provides experienced and professional traders with a convenient way to monetize their trading strategies. When they become lead traders on OKX, high-performing traders receive a percentage of the profits they help their followers realize.

OKX lead traders commented on their experience with OKX copy trading:

Kyledoops from Crypto Banter said: “One of the great things about OKX social trading is that it provides huge amounts of information on the lead traders and their metrics and past performance hit rates. That gives the user the opportunity to make a very educated decision on if that trader is someone they want to align with or not.”

Grey Jabesi from GreyBTC said: “I like the control that OKX gives you in comparison to most other exchanges when it comes to copy trading. I like that copy traders can get in and out of a position whenever they want to without waiting for the lead trader to close their position first. This gives them the flexibility to walk away with their money on their terms.”

About OKX

OKX is a world-leading technology company building the future of Web3. Known as the fastest and most reliable crypto trading platform for investors and professional traders everywhere, OKX’s crypto exchange is the second-largest globally by trading volume.

OKX’s leading self-custody solutions include the Web3-compatible OKX wallet, which allows users greater control of their assets while expanding access to decentralized exchanges, nonfungible token marketplaces, decentralized finance, GameFi and thousands of decentralized applications.

OKX partners with many of the world’s top brands and athletes, including the Tribeca Festival, Premier League champions Manchester City F.C., McLaren Formula 1, golfer Ian Poulter, olympian Scotty James and formula one driver Daniel Ricciardo.

OKX is committed to transparency and security and publishes its proof of reserves monthly.

To learn more about OKX, download our app or visit: okx.com.

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Connect Financial Announces Crypto-Backed Credit Cards

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Connect Financial – a cryptocurrency financial Fintech platform, announces their crypto-backed credit cards are coming to the market.

With more than 320 million people using cryptocurrency globally and an expected global adoption growth rate of 10% by 2030 for Bitcoin (BTC) alone, there is no denying that cryptocurrency is quickly moving towards mainstream acceptance. Cutting-edge innovations in blockchain and artificial intelligence are ushering in dramatic innovations in the financial industry. The way we borrow money, access credit, make electronic payments and manage wealth are all in the process of being transformed.

For crypto users that want more from their financial holdings, Connect Financial strives to bring inclusion and innovation to the global financial ecosystem.

Connect Financial’s crypto-backed credit cards have been designed to enable its customers to leverage the spending power of their crypto and access credit fully in their control without having to sell their digital assets. By doing so, crypto is no longer an intangible digital asset but rather becomes a part of their everyday lives and purchases.

Their elite card partner unlocks a whole world of benefits for Connect Financial cardholders to receive rewards from everyday purchases from over 30 million merchants across 210 countries. “Traditional finance has offered rewards to their users for decades, and we feel that crypto users are currently being underserved in this regard. With a Connect Financial membership benefits in conjunction with the elite network of rewards, our customers can select and enjoy from an array of luxury-based, travel-specific or lifestyle living perks – All powered with their crypto holdings,” states Christo Brown, Product Director, Connect Financial.

Connect Financial has built its platform with its customers at its core to develop not only a product line but a user experience that exceeds financial services interaction expectations. “We’ve built Connect Financial so every customer will enjoy flexibility, customization, and control of their financial management in a frictionless manner. Whether customers want to get more from their digital assets or get the proper credit to meet their financial needs, our interface is modern and simple while putting our customers in the control seat of their financial goals. All while ensuring robust industry-leading security protocols and multi-layered authentication so many people expect and desire for their online financial transactions and holdings.”, states CXO, Chantel Meeley, Connect Financial.

Connect Financial’s exclusive pre-launch crypto-backed credit card waitlist is now live. You can sign up and be one of the first to obtain this reward-driven, revolutionary credit card.

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CLOUDWALK LAUNCHES INFINITEBANK AND AIMS TO GO BEYOND BANKING

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CloudWalk is thrilled to announce a new market positioning for InfinitePay. With InfiniteBank, the company will now offer a full range of banking and payment solutions to more than 300,000 small medium size businesses in Brazil.

SMBs will now have access to InfiniteCard – cards on demand that enable financial automation according to the needs of each business. Furthermore, the card has a 1.5% cashback on every purchase – the best in Brazil, without restrictions or rules. InfiniteCard can also be connected to Google Pay and Apple Pay.

Another new product, InfiniteTap, powered by Tap to Phone technology, turns Android NFC enabled smartphones into POS machines, allowing businesses to accept payments from any contactless card or mobile wallet right from their device.

Presenting solutions that allow decentralized access to banking services through its own blockchain, such as a stablecoin, BRLC (Brazilian Digital Real), InfinitePay has also introduced InfiniteCash, which enables quick loans via smart contracts over the Defi protocol. Loans are calculated and collected based on the receivables of the customer. With this feature, Brazilian entrepreneurs can now access an automated platform, without financial intermediaries.

So, to establish the evolution of the company, it was necessary for the InfinitePay brand to undergo a redesign in order to reflect its new positioning in the market.

BEYOND THE BANK

With InfinitePay’s new solutions and deep understanding of businesses, sellers are better able to manage sales. Moreover, the money from sales will be deposited directly into customers’ free accounts.

As a main partner for small and medium-sized businesses, InfinitePay offers clients full control over their business, via an app, or a web dashboard.

With the best rate options in the Brazilian market and innovative solutions at the lowest cost, InfinitePay also offers POS machines InfiniteSmart, InfiniteTap, InfiniteLink, free Pix transfers, and e-commerce plugins for some of the best platforms. On every option, the sellers will receive payments for sales within one business day.

The company, which is now the fastest in terms of processing time, has become a complete, competitive financial solution compared to traditional banks, offering customers better security and encrypted transactions.

With its new positioning, CloudWalk targets entrepreneurs with an average ticket of between R$ 8,000 and R$ 50,000.

“In addition to the best rates on the market, we are now able to offer our customers a full range of services. We know the potential of small and medium entrepreneurs and, therefore, we want to make the financial sector more agile and efficient, expanding the market for new users,” explains Luis Silva, Founder & CEO.

“We will continue to innovate in order to further benefit our customers through the use of technology,” he adds.

Headquartered in São Paulo, Brazil, CloudWalk is a blockchain-based company focused on democratizing the financial ecosystem through the most innovative technologies for SMBs.

As a Unicorn, and with investors such as Valor Capital Group, HIVE Ventures, and Coatue, it has already raised $356.5 million. In addition, CloudWalk has saved its customers more than BRL 2 billion in fees and is present in more than 300,000 customers, located in more than 5,100 cities and towns across Brazil.

Visit the new InfinitePay website: https://infinitepay.io/bank

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Phoenix Technology Signs New Distributor Agreement with MicroBT, Selling Their WhatsMiner Brand

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Phoenix Technology, one of the leading cryptocurrency mining hardware retailers in the region and part of the wider Phoenix Group of companies, announced today that it has entered a strategic, exclusive, regional partnership agreement with MicroBT, a technology company based on blockchain – to sell their WhatsMiner brand in the GCC countries (UAE, Bahrain, KSA, Oman, Qatar and Kuwait), Egypt and Turkey market.

The new distributor agreement is a win-win scenario for both companies, as the products will be exclusively distributed across the world, online and physical, through the Phoenix Store located on Sheikh Zayed Road, Dubai, UAE.

Carl Agren, CEO of Phoenix Technology, commented, “I’m very excited about this strategic partnership. WhatsMiner by MicroBT is one of the leading brands for manufacturing mining equipment. They are already very successful in the rest of the world and would like to strengthen their presence in the MENA market with the support of Phoenix Technology.”

Adhering to the business philosophy of “perfection, win-win, integrity”, MicroBT, which was founded in 2016 and is headquartered in Shenzhen with R&D centers in Beijing and Shanghai, provides customers with high-quality products and services, and has become an industry leader in the field of blockchain servers.

In 2020, MicroBT became one of the top 100 taxpayers in Nanshan District, Shenzhen. In 2021, it further initiated global development and set up an overseas operation platform.

Dr. Yang, Founder of MicroBT, said, “With our technical background, we noticed that blockchain technology is truly the key to a decentralized and advanced world. As the technology grows by the day, we are happy to partner with Phoenix Technology to spread these solutions worldwide, especially in the MENA region.” He added, “This partnership will take both companies to new heights, and I am looking forward to working closely with both teams.”

According to the latest market forecast report by Technavio, the Cryptocurrency Mining Hardware Market share is set to increase by $12 billion from 2022 to 2027. The momentum of growth in the market is going to accelerate at a CAGR of 11.35%. The market will also experience a 10.71% Y-O-Y growth rate during this period.

In addition, given that the UAE is a crypto-friendly country, it is important to note that the mining business has dramatically grown in the territory. In fact, although Bitcoin mining started with solo miners quietly building up currency reserves on their home computers, those days are long gone.

UAE-based Phoenix Technology has embarked on establishing a $2 billion crypto-mining farm in the UAE, which will be the biggest mining site in the area. The project will be finalized within six months, giving the region a taste of technological advancement and development.

ABOUT PHOENIX TECHNOLOGY

Established in 2015, Phoenix Technology (part of the wider collective of companies, the ‘Phoenix Group’), is recognized as one of the leaders in the blockchain and cryptocurrency arena with global operations of more than 700MW across the USA, Canada, Europe, and the Middle East.

Phoenix Technology is currently also developing one of the largest mining facilities in the Middle East and carries exclusive distribution rights for numerous technology hardware manufacturers across the Middle East, Africa, and Turkey.

Phoenix Technology, along with its subsidiaries (Phoenix Store, Phoenix Technology Consultants, Phoenix Data Center, Phoenix Science & Technology, Phoenix Trading, PTC Cloud Mining, Block One Technology, Block Zero Technology, and Absolute Power Solutions), equips its clients with the latest, state-of-the-art mining hardware, customized mining equipment, and hosting solutions for all mined assets.

Learn More: https://phoenix.store/, https://phoenixtech.org/

About MicroBT

Founded in 2016, MicroBT (www.microbt.com) is a technology company based on blockchain, focusing on the R&D, production and sales of integrated circuit chips and products, and provides high performance computing system solutions and technical service.

About WhatsMiner

WhatsMiner (www.whatsminer.com) is a leading brand of mining hardware and chip design developed by MicroBT. As one of the most efficient and cost-effective mining brands on the market, WhatsMiner is widely used in retail and institutional mining by customers around the world.

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Republic and Re7 Capital Announce Strategic Joint Venture To Collaborate on Crypto Asset Management Initiatives

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Republic through its UK affiliate, and DeFi fund manager Re7 Capital announced a strategic joint venture to collaborate on asset management initiatives focused on liquid crypto tokens. This partnership lays the groundwork for further joint initiatives between the two firms.

Venture capital fundraising for crypto and blockchain is on pace for a record year in 2022, indicating that many institutional investors see long-term value in the crypto sector. Venture capital has historically been the primary avenue through which institutional investors have been able to access the crypto sector at scale. However, the sector has matured in recent years, and there are more liquid opportunities to participate in the market today, ranging from liquid tokens, to staking and yield opportunities.

“Despite the crypto market sell-off this year, crypto adoption has continued to deepen,” said Jon Knipper, Senior Director, Crypto Treasury at Republic Crypto. “We are excited to partner with Re7 Capital to explore opportunities in the liquid segment of the crypto market; in addition to their deep engagement with decentralized finance protocols, Re7’s experience managing a successful crypto hedge fund makes them an excellent partner for us.”

“Republic Crypto shares Re7’s vision of building the financial paradigm of the future–one that is more transparent, inclusive and efficient,” said Evgeny Gokhberg, Managing Partner at Re7 Capital. “Few companies working in web3 have helped launch as many projects as Republic Crypto, and fewer still have as much deep-rooted industry expertise advising projects in this space. We look forward to working closely together on a range of initiatives.”

By combining veterans from blue-chip institutions like Goldman Sachs, UBS, and Bank of America, with crypto-native analysts and technologists, this new strategic joint venture aims to help empower professional investors to participate in web3. In the midst of an economic transformation underpinned by blockchain technology, this partnership represents an exciting opportunity for innovation within digital asset management.

About Republic

Republic is a global financial technology firm at the frontier of democratizing access to the private markets. Republic operates several distinct business lines including a retail investment platform, a private capital division, and a blockchain advisory practice. “Republic” refers to a family of legal entities owned by OpenDeal Inc., a Delaware corporation, sharing the “Republic” brand and certain shareholders, resources, personnel and values. “Republic Crypto” often refers to Republic’s Crypto advisory arm Republic Crypto LLC d/b/a Republic Advisory Services. In other contexts, Republic Crypto might refer to a crypto investment fund managed by Republic Capital Adviser LLC entities. Other times, “Republic Crypto” might be used in the context of digital asset offering hosted by a “Republic Retail” Republic regulatory licensed entity, such as OpenDeal Broker LLC or OpenDeal Portal LLC (not Republic Crypto LLC). Neither Republic Capital Adviser LLC, OpenDeal Broker LLC, or OpenDeal Portal LLC are involved in the strategic joint venture. Republic Crypto LLC is a web3 strategic and technology advisory firm accelerating the growth of the industry’s most ambitious builders and investors. For more information, please visit https://republiccrypto.com/

About Re7 Capital

Re7 Capital (“Re7”) is a team of London-based investment professionals specialising in liquid blockchain strategies. Re7 is a DeFi power user, allowing it to be recognised as a liquidity provider across stablecoins and ETH.

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Beosin, a leading blockchain security firm, announces $20M Series A strategic financing

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Beosin, a leading blockchain security service provider, has recently closed a $20-million strategic financing round participated by prominent industry investors and existing shareholders.

Beosin is a global leader in blockchain security, offering smart contract security audits, blockchain project risk monitoring, alerting, blocking, stolen digital assets recovery, Know Your Transaction (KYT)/Anti-Money Laundering (AML) and other one-stop security solutions, products and services. Beosin has helped over 2,000 blockchain firms globally and safeguarded over $500 billion in assets. The proceeds will be used for blockchain security-related research and development, ecosystem expansion and global business growth.

As a leading blockchain security company, it’s our responsibility to make contributions and develop the industry healthily. In the future, Beosin will continue to focus on the blockchain security ecology and deliver an expanded range of blockchain technology solutions and blockchain security technology for global users at scale.

Beosin VaaS

The Smart Contract Formal Verification Platform provides static scanning, fuzzy testing and formal verification capabilities for smart contract codes. The platform supports 100+ testing items, including traditional vulnerabilities and business logic correctness on multiple public blockchains with an accuracy rate of above 97%. It can precisely locate risky code while giving recommendations to help developers improve the security of smart contracts.

Beosin EagleEye

An integrated monitoring platform designed for blockchain project owners. By automatically assessing the security situation of contracts and monitoring on-chain operations in real-time, it can identify suspicious transactions, comprehensively assess the operation status, help users find risks and get feasible suggestions, and finally set up a security shield for project operation and protect the asset.

Beosin Trace

Beosin Trace is a visualization product that focuses on the security of users’ wallet transactions, helping users visualize and trace the flow of funds, monitor suspicious addresses and assist in recovering on-chain assets. Trace is applicable to various scenarios, such as blockchain regulation, abnormal transaction warning, transaction follow-up and source-tracing, mixer tracing and case investigation.

Beosin KYT

For AML compliance, transaction risk monitoring and continuous risk assessment, Beosin’s KYT virtual asset AML and investigation compliance system relies on more than 1 billion address labels and a black address database for blockchain big data analysis technology and advanced AI technology to create a blockchain asset tracking and AML system that can help virtual asset service providers to build KYT and continuous risk assessment capabilities.

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MasterBlox and Chainlink Labs Establish Channel Partnership to Accelerate Growth of Web3

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MasterBlox foundation and Chainlink Labs are partnering up to support the next generation of Web3 projects. This new partnership aims to connect their projects with time-tested Chainlink oracle services and the vast Chainlink ecosystem.

What Is MasterBlox?

MasterBlox is a Lisbon-based Web3 accelerator program that has provided comprehensive marketing services to Web3 startups since 2017. We recently split MasterBlox’s activity between two entities with different focuses: the Labs and the Foundation. The Labs develops growth hacking and decentralized marketing activities, while the Foundation accelerates relationships between Masterblox clients to find the perfect match.

The new company motto is “Engaged-Connected-Enhanced.” After announcing their first partnership in this new dual system with BNB CHAIN last month, MasterBlox has expanded its brand and network effect by continuously adding leading players from Web3 to its list of partners. The ultimate goal of this recent channel partnership with Chainlink Labs is to foster the global adoption of Web3 technologies by helping support teams building the next generation of decentralized applications with proven technology solutions and strategic ecosystem partners.

What Is Chainlink?

Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

The Chainlink ecosystem features over 1,500 Web3 projects that use decentralized oracle networks to seamlessly access services such as decentralized data feeds, a verifiably random number generator, a proven smart contract automation solution, and reliable asset reserve verification.

Partnership Details

The goal of this channel partnership between MasterBlox and Chainlink Labs is to empower masterblox clients with the resources, services, and partners they need to grow and scale effectively. Masterblox’s cutting-edge marketing and growth hacking techniques will help foster accelerated growth on the demand side of their businesses, while Chainlink’s large ecosystem and proven technology services help Web3 projects in the MasterBlox ecosystem to use industry-leading infrastructure services and make long-term ecosystem partners.

Intended to be an organic collaboration of skills, networking, and marketing techniques with the goal of improving Web3 technologies, benefits, and adoption rate, MasterBlox will not only introduce new projects from its accelerator into the Chainlink ecosystem but will also help channel funding to standout projects through the Foundation’s extended network of VC firms.

About Chainlink

Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

About MasterBlox

Masterblox is a Lisbon-based web 3.0 accelerator that has been providing full-stack marketing services to crypto companies since 2017.

Its work as an accelerator is splintered between the foundation, which handles all the connections between the partners and the projects, and the labs, where its growth hacking methods and support services are provided to the projects within the acceleration program.

MasterBlox’s labs are responsible for assisting countless DeFi and blockchain projects with marketing, market making, copywriting, social media management, and much more.

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Privacy-Preserving Computation Network ARPA Announces Rebrand, Seeks to Enable More Blockchain Use Cases for Mass Adoption

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ARPA, a pioneer in multi-party computation (MPC), has announced its transition to Threshold BLS Signature (TSS-BLS), a subfield of MPC cryptography. This transformation also ushers in the protocol’s rebrand to ARPA Network as it aims to improve the fairness, security, and privacy of blockchains. ARPA will serve as the infrastructure for applications such as verifiable Random Number Generator (RNG), secure wallet, cross-chain bridge, and decentralized custody. Additional details on the company’s transition were discussed in its recently released whitepaper.

ARPA is a secure computation network that can generate on-chain BLS signatures among a group of decentralized nodes. Developers can leverage the network and build various blockchain use cases, while node operators can join the network in a permissionless environment. ARPA has the following traits made possible by innovative protocol design: decentralized, flexible, efficient and blockchain agnostic.

  • Decentralized – Anyone can run a node for ARPA. By enabling a decentralized network through prudent technical and token economics design, our threshold signature service doesn’t rely on a single point of trust.
  • Flexible – ARPA supports various applications utilizing the threshold signature schemes due to its flexible network topology. You can easily customize the signature policy when implementing the ARPA Network and choose security levels catering to different use cases.
  • Efficient – Designed with a unique grouping mechanism that allows multiple groups of nodes to perform BLS computation tasks in parallel, thereby increasing the network’s throughput. 
  • Blockchain Agnostic – We believe in a multi-chain future. ARPA Network is designed to adapt to multiple blockchains, catering to developers’ needs in the multiverses.

Utilities of ARPA token include computation task rewards, service fees, security deposits for computation nodes, and much more. To bootstrap and maintain the overall system’s health, APRA rewards its computation nodes with ARPA tokens for honestly completing each task and penalizes corrupted or failed nodes.

“Blockchain technology will inevitably become a part of our everyday lives as the adoption and use cases for digital assets increase,” said Felix Xu, Co-founder of ARPA. “ARPA threshold BLS signature network can enable unique applications with better security at low cost.”

“For example, our team is building out Randcast, a verifiable RNG as the first application on top of ARPA,” continued Xu. “Randcast can improve the transparency of random seeds, and create value for metaverse gaming, lottery, NFT minting and whitelisting, key generation, and blockchain validator task distribution across multiple blockchains.”

Regarding what’s ahead for ARPA in the near future, the core team is working towards the ARPA Devnet launch in Q4 2022 and the Mainnet launch in Q2 2023. The team also plans incentive programs for computation nodes and grants for community developers.

For developers interested in building on ARPA, please sign up for updates. To learn more about ARPA, and download its new whitepaper, please visit: http://arpanetwork.io/.

About ARPA

ARPA Network, previously known as ARPA Chain, is a decentralized secure computation network founded in 2018 to improve the fairness, security, and privacy of blockchains. ARPA threshold BLS network serves as the infrastructure of verifiable Random Number Generator (RNG), secure wallet, cross-chain bridge, and decentralized custody and will support multiple blockchains.

The ARPA team is also building Randcast, a verifiable, secure, and low-cost random number generator (RNG) as the first application and showcase of ARPA. Randcast offers a cryptographically generated random source with superior security and low cost compared to other solutions. Metaverse, game, lottery, NFT minting, and whitelisting, key generation, and blockchain validator task distribution can benefit from Randcast’s tamper-proof randomness. To learn more about Randcast, and ARPA Network, visit http://arpanetwork.io/.

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Autonomous services to power next-gen apps for crypto users and DAOs: Valory’s traction boosted by $4 million seed fundraise led by True Ventures

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Today, ‘autonomy’ is often a sales buzzword, used to sell things like self-driving cars and image-generating AIs to users in exchange for their private data.

In essence, humans give up their autonomy to enable software and machines.

Valory wants to reverse this. They believe that collective control of AI should be in the hands of individuals, not billionaires and mega-corporations.

Valory believes the best way to achieve this future is through autonomous services. This is a new type of software that runs continuously, with little input required from humans.

Fueled by a $4 million seed round led by True Ventures, with participation from Signature Ventures, Semantic Ventures and other well-regarded and strategically valuable funds and angels, Valory AG is already well on the way to achieving this vision.

Valory fills a gap in the crypto infrastructure stack between decentralized blockchains and centrally operated off-chain bots and services.

Through its open source software stack and the Autonolas DAO and protocol, Valory enables crypto apps and DAOs to make themselves compliant, competitive and in control of their off-chain infrastructure.

Valory runs educational academies with community developers. Developers in the program learn and co-build new autonomous services.

This program has already led to the launch of an autonomous service. In collaboration with Valory, Academy participants built an autonomous NFT collector DAO. The service enables users to get broad exposure to top-tier generative art, with minimal input in comparison to a manual approach.

Valory recently received a sizable grant from Balancer, a top decentralized exchange. Valory will build an MVP of a novel asset management primitive. Another notable collaboration is with Brahma, a sophisticated yield protocol. Brahma is using Valory’s tools to improve their off-chain infrastructure.

To show the power and flexibility of the stack, Valory has built several of its own applications. These include novel ML-powered oracles and keeper systems.

Independent developers looking to elevate their Python skills can join Valory’s next academy, or use the documentation and frameworks to start building right away.

Valory’s autonomous services stack is relevant for teams looking to:

  • Escape the crowded crypto marketplace for protocols and chains with powerful features for your devs and users
  • Speed up decision-making and avoid increase regulatory compliance in your DAO
  • Take ownership of your off-chain infrastructure
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