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Making Your VR World a Reality – Virtual Reality Park Launches ICO

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With a huge array of industry sectors embracing Virtual Reality (VR), the day to day applications for VR are becoming more and more widespread.  According to Goldman Sachs the capitalisation of the VR industry by 2021 alone will be worth some $300bn – what is needed however is a global platform to deliver VR its true potential.

Embracing the Global Connectivity of Virtual Reality

Ever wanted to visit a far-flung part of the world but don’t have the time or budget to do so? Well, now you can. Virtual Reality Park brings the world to you!

Founded by our team of experts in 2016 and with a number of global VR Parks planned from Las Vegas to Dubai and Tokyo; VR Park is a cutting-edge platform that combines the latest VR technology and creative innovation into one location. According to Kirill Granev, CEO of Virtual Parks:

‘The restart of the era is the end of the world known to us and the beginning of a new one. Virtual and augmented reality (VR and AR) has long been used not only in entertainment. Yes, the games give a solid push for development and good financial investments, but this is not enough. Right now, many large corporations around the world are experimenting with VR / AR. With the help of these technologies, you can train personnel, develop equipment, trade and much more. As a business person, I am sure that the future is behind virtual reality!’

Global connectivity is now at its peak the and the day to applications for VR are endless, so too are the commercial opportunities for VR. From education and training to the military, medical training, aviation, and tourism the profitability of the sector as a whole is calculated in the tens of billions of dollars.

Create Your Own Dreams With the Virtual Reality Park ICO

With our own smart body control technology, the user can experience a world away from the norm – Whatever your passion – be it history, sports, fantasy worlds, literature or visiting the seven wonders of the world the ICO will create the platform that will take you there!

Ranging from 800 to 3000 square meters, the Virtual Reality Parks will extend to some 28 countries around the world including the Americas, Europe, and the UAE.

We have over 200 million VR Tokens for sale and based on the ERC-20 ETH Standard smart contract, the VR Token forms the whole basis of the VR Park platform. The VR Token is used by park visitors to pay for both games, modules and platform access and with a 15% discount for VR Token payments, the savings can be great too!

With a PR Park roadshow planned for the coming quarter, we look forward to meeting you!

We have the technology and vision – join us on our journey and become part of the VR Park Story!

About Us: Virtual Park is a platform for the development of VR industry in the global market. Thanks to the technological solutions of Virtual Park Company, we will present users with new opportunities to interact with the virtual world, identifying trends in the development in the industry.

For all media inquiries please contact Katarina Stabredova or visit our website.

News

Aibit Launch Garners Industry Attention, Poised to Become a Rising Star

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The cryptocurrency trading industry has witnessed a significant milestone with the launch of Aibit, a cutting-edge exchange that integrates advanced AI technology with blockchain. Since its official launch on July 1st, Aibit has quickly garnered industry attention, positioning itself as a potential game-changer in the market.

Revolutionizing Trading with AI Integration

In an era where AI is becoming an integral part of technological advancements, Aibit stands at the forefront by leveraging AI to transform cryptocurrency trading. The platform’s state-of-the-art AI capabilities enable it to offer a highly functional and accessible trading service. This ensures that even those new to trading can navigate the platform effortlessly and confidently, breaking down barriers to entry in the crypto market.

User-Centric Features and Smart Money Insights

Aibit’s innovative features include advanced address clustering and smart money insights. Address clustering aggregates and marks addresses that may come from the same entity on the blockchain, providing insights into blockchain behavior, token holdings, and governance rights. This allows users to understand the dynamics of entities like smart money, venture capitalists, and whales.

The platform’s smart money feature aggregates details from notable addresses, enabling users to analyze alerts from various dimensions and track specific entities. This provides a deeper understanding of market movements and potential investment opportunities.

AI-Powered Real-Time Data and Analysis

Aibit integrates an AI assistant that provides real-time on-chain data and analysis across multiple blockchains, including Ethereum, BNB Chain, Arbitrum, Polygon, and more. This AI assistant supports users by offering strategy overviews, target audience identification, and risk management, making it a valuable tool for both short-term and long-term traders.

Commitment to Democratization and Decentralization

Aibit’s address aggregation aids in understanding the degree of centralization in the on-chain world, contributing to the vision of Web3 democratization and decentralization. By providing detailed insights into governance token distributions and on-chain behaviors, Aibit supports a more transparent and equitable blockchain ecosystem.

Promoting High-Quality Data for AI Development

Aibit leverages high-quality data to train its AI models, promoting efficiency in processing Web3 transactions, data, and contract interactions. This approach ensures that the platform remains at the cutting edge of AI and blockchain integration, providing users with accurate and reliable data.

A New Era in Cryptocurrency Trading

With its launch on July 1st, Aibit is set to revolutionize the cryptocurrency trading landscape. By combining advanced AI with robust blockchain technology, Aibit offers a smarter, user-centric trading experience that sets it apart from existing platforms. It is not just a trading platform; it is a gateway to exploring and profiting from the new wealth opportunities presented by Web3.

Join the Revolution

Aibit has officially launched and is ready to transform the way you trade cryptocurrency. Experience the future of trading with Aibit, where trading is smarter, more intuitive, and deeply connected to the needs of its users.

About Aibit

Aibit is a revolutionary cryptocurrency exchange that integrates advanced AI technology with blockchain to create a smarter trading experience. With a focus on user needs and a collaborative co-creation model, Aibit aims to transform the way people trade and interact with the crypto market.

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Altcoins

The Covalent Network Successfully Migrates to New CXT Token to Drive Deeper Innovation in AI Following Governance Vote

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The Covalent Network, the modular data infrastructure for AI and Web3 announces the successful approval and completion of its governance proposal to migrate its native token from the old CQT to the new CXT ticker and network contract. This pivotal change marks a significant milestone in the Covalent Network’s commitment to evolving its infrastructure to better support modular data solutions for AI and Long-Term Data Availability.

The New CXT Network Contract is Now Live and Operational

The successful migration to CXT also marks the completion of the New Dawn initiative. Key highlights from this initiative also included Arthur Hayes joining as a strategic advisor, a $5 million fundraise led by RockTree Capital, the migration of staking from Moonbeam to Ethereum and more. The migration to CXT sets the stage for Covalent’s next growth phase of community expansion and long-term data availability, a refreshed brand, additional advisors, and new funding.

CXT: A New Era for Covalent

The transition from CQT to CXT is more than a simple ticker change; it marks the beginning of a new era for Covalent. This migration aligns the token with Covalent’s enhanced mission of providing a robust, decentralized modular data infrastructure tailored for the future of AI and secure, long-term data storage. The new ticker, CXT, symbolizes limitless potential and a broader scope for Covalent’s objectives beyond just the old Covalent Query Token “CQT.” CXT is at the heart of operating the network, securing thousands of network customers, +230 chains and enriching over 300 million wallets with Covalent Network data.

Key Changes and Benefits of CXT

Improved Alignment with Mission: The new CXT token better represents Covalent’s evolved mission. With a focus on modular data infrastructure and AI, the CXT token encapsulates the network’s expanded vision and capabilities.

Enhanced Staking and Governance: The migration involves moving the staking and governance operations from CQT to CXT. This transition will enhance the efficiency and security of the network’s governance processes, ensuring that all future decisions align with the enhanced mission.

Distribution and Security: CXT tokens will be distributed directly to CQT holders on Ethereum, ensuring a smooth and secure transition. Token holders using wallets like Safe, Metamask, Rabby, or Ledger will receive their CXT tokens automatically.

Liquidity Enhancement: The migration plan includes measures to improve overall liquidity, providing a more stable and active trading environment for CXT.

Deprecation of CQT: With the ratification of this proposal, CQT will be deprecated. The community will transition fully to using CXT, which will provide better on-chain metrics and improve overall token management.

Security and Audits

Covalent has ensured the migration process is secure by undergoing thorough audits by Quantstamp, Hacken, and QuillAudit. These audits confirm the integrity and security of the migration process, providing assurance to all token holders. Rest assured Covalent has taken the maximum precaution as possible to ensure that all your funds are safe during the migration. No action is required by any existing token holders during this process.

For existing token holders:

  • Stakers: All current operators and delegators will automatically have their staked CQT positions migrated to CXT.
  • Centralized Exchanges: Covalent has been working with each exchange to support the migration. Exchanges will receive CXT tokens and handle the distribution of CXT to their customers.
  • Self-hosted Wallets: Token holders using wallets like Safe, Metamask, Rabby or Ledger will receive their CXT tokens directly.

Audits

  • Quantstamp
  • Hacken
  • QuillAudit

Centralized Exchange Support

Centralized exchanges, such as OKX, Gate, Crypto.com, Kucoin, BingX, and MEXC, are all prepared to support this transition. The trading of CQT halted right after the launch of the governance proposal on Jul 9 2024 00:00 UTC, with each exchange having their own schedule for resumption.

Looking Ahead: A Future Full of Promise

The successful migration to CXT signifies the dawn of a new era for the Covalent Network. With CXT, Covalent is uniquely positioned to lead advancements in AI and decentralized data infrastructure. The unwavering support and active engagement of the community are essential as Covalent embarks on this transformative path.

Stay tuned for more updates and innovations from Covalent. The future is filled with limitless potential, and this migration is a pivotal step toward realizing Covalent’s ambitious vision. Covalent is committed to progress and growth, with no plans to halt or scale back.

About Covalent

Covalent is the leading modular data infrastructure layer dedicated to solving major challenges in blockchain and AI, including verifiability, decentralized AI inference, and Long-Term Data Availability. Its large reservoir of structured, verifiable data enhances decentralized training and inference, reducing the risk of manipulated or biased AI models. Additionally, the Covalent Network’s Ethereum Wayback Machine ensures secure, decentralized access to Ethereum’s transaction data. Trusted by over 3,000 leading organizations, Covalent powers AI, DeFi, GameFi, and more with unfettered access to on-chain data from over 230 blockchains.

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Technologies

Discover the Future of Trading with AXL Finance

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Welcome to AXL Finance, where innovation meets excellence in the trading world. As a leading tech company, AXL Finance has spent the past eight years developing a unique trading platform designed to simplify the trading experience for clients across the globe. Our mission is to make trading easier, more accessible, and more profitable for everyone, from beginners to seasoned professionals.

At the core of AXL Finance’s success is our cutting-edge AI algorithms, which have been meticulously crafted to analyze market data with unparalleled precision. These algorithms have an impressive success rate of over 93%, providing traders with insights and opportunities that were once out of reach. By leveraging advanced machine learning and artificial intelligence, our platform can predict market trends and make informed decisions, ensuring that our users stay ahead of the curve.

Our trading platform is designed with the user in mind. The intuitive interface and robust features make it easy for traders to navigate the complexities of the financial markets. Whether you are trading forex, cryptocurrencies, or CFDs, AXL Finance provides the tools and resources you need to succeed. Our platform supports a wide range of trading instruments, allowing users to diversify their portfolios and take advantage of various market opportunities.

One of the standout features of AXL Finance is our comprehensive web application. Accessible from any device with an internet connection, our web application ensures that you can manage your trades from anywhere in the world. This level of accessibility and convenience is crucial in today’s fast-paced trading environment, where timely decisions can make all the difference.

But we are not stopping there. AXL Finance is excited to announce the upcoming launch of our dedicated mobile app. This app will bring the full power of our trading platform to your mobile devices, allowing you to trade on the go. With real-time notifications, advanced charting tools, and seamless integration with our web platform, the mobile app will provide a comprehensive trading experience at your fingertips.

Security is also a top priority at AXL Finance. We employ state-of-the-art encryption and security protocols to ensure that your data and transactions are protected at all times. Our commitment to security and transparency has earned us the trust of traders worldwide, and we continue to strive for excellence in all aspects of our service.

Join the growing community of traders who trust AXL Finance for their trading needs. Our platform’s combination of cutting-edge technology, user-friendly design, and exceptional performance sets us apart in the industry. Experience the future of trading with AXL Finance, where innovation, reliability, and success converge.

Stay tuned for more updates and get ready to elevate your trading journey with AXL Finance. Our web application is available now, and our mobile app will be launching soon, bringing even more flexibility and power to your trading experience. With AXL Finance, the future of trading is here.

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Altcoins

NOWPayments expands crypto payment options with LayerZero ($ZRO) and ZK Token ($ZK)

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NOWPayments, a leading cryptocurrency payment gateway is thrilled to announce the expansion of its cryptocurrency payment options with the addition of LayerZero ($ZRO) and ZK Token ($ZK). This strategic move aligns with NOWPayments’ mission to provide businesses with innovative and versatile payment solutions, enhancing both security and interoperability in the crypto space.

LayerZero ($ZRO) is a revolutionary cryptocurrency designed to facilitate seamless cross-chain transactions. Built on advanced blockchain technology, LayerZero enables interoperability between different blockchain networks, allowing for efficient and secure asset transfers across platforms.

Meanwhile ZK Token ($ZK) focuses on providing the highest level of privacy and security for cryptocurrency transactions. Utilizing zero-knowledge proof technology, ZK Token ensures that transaction details remain confidential while maintaining the integrity and validity of the blockchain.

Benefits of listing on NOWPayments

With the inclusion of LayerZero and ZK Token, NOWPayments continues to enhance its platform to meet the diverse needs of the cryptocurrency community. Businesses integrating these tokens through NOWPayments can expect the following benefits:

  • Automatic conversion;
  • Low transaction fees;
  • User-friendly integration
  • Enhanced Security;
  • Wide range of supported cryptocurrencies.

About NOWPayments

NOWPayments is a leading cryptocurrency payment gateway that enables businesses to accept payments in multiple cryptocurrencies. With a focus on security, simplicity, and customer satisfaction, NOWPayments offers a seamless integration process, low transaction fees, and automatic conversion to stablecoins to mitigate volatility.

Businesses and users are encouraged to explore the benefits of these new integrations and see how NOWPayments can transform their payment processes.

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Blockchain

Hinkal announces ‘EigenLayer for Privacy’ with the upcoming launch of the Shared Privacy Protocol

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Hinkal, a multi-chain privacy layer for confidential on-chain transactions, today announced the upcoming launch of the Shared Privacy Protocol, enabling cross-chain privacy via anonymity staking.

Institutional investors are entering crypto markets at a rapid pace and demanding the same privacy in DeFi trading that they have enjoyed in traditional equities markets. However, complete privacy in DeFi trading requires a large pool of “Shielded TVL” on each chain to properly mask transactions, a nearly impossible task with over 200 Layer-1 and Layer-2 blockchains across the industry. Despite growing demand, liquidity fragmentation remained a major roadblock to institutional adoption as the provision of this liquidity was not being incentivized and, until now, privacy in DeFi was not scalable.

Hinkal addresses this market gap with the launch of shared privacy infrastructure that establishes a unified pool of shielded liquidity across all chains. While other privacy protocols are focused on vertical privacy at the chain or dApp level, the Shared Privacy Protocol introduces horizontal privacy integration whereby the Shielded TVL can be mirrored across any chain (ex. Arbitrum or Solana), allowing traders and dApps across the entire blockchain ecosystem to leverage the full value of the Shielded TVL pool.

With the introduction of Hinkal’s Shared Privacy Protocol users can now bootstrap Shielded TVL in a similar method to how EigenLayer enabled projects to bootstrap security. By rewarding stakers with assets and yield, the Shared Privacy Protocol engages the DeFi community to build the future of privacy for the entire ecosystem. This approach mirrors the secure standards of traditional finance and allows both individual and institutional users to manage assets and transact on major decentralized applications (dApps) without publicly disclosing wallet addresses.

Georgi Koreli, co-founder and CEO of Hinkal, commented on the news, “Ensuring complete privacy on-chain is a critical step in enabling the full adoption of crypto as an asset class across the institutional financial sector. The Hinkal Protocol has already seen rapid adoption across our institutional network and the launch of the Shared Privacy Protocol is a key milestone in unleashing the power of community and breaking privacy barriers in crypto. We look forward to continuing to maximize discreteness for the community from native users to new market participants.”

Benefits of the Shared Privacy Protocol include:

  • Stakers can deploy native and staked assets to the protocol, generating additional yield while maintaining the flexibility to trade yield tokens on other dApps
  • Traders benefit from the expanded Shielded pool, further obfuscating their trading strategies and maximizing deployed capital across multiple chains
  • Developers of decentralized exchanges and dApps can now seamlessly integrate Hinkal’s Shared Privacy Protocol directly into their platforms, granting new privacy capabilities to their users

Evgeny Gokhberg, founder of Re7 Capital, an investor in Hinkal, continued, “A compliant solution enabling discrete liquidations without disclosing transaction data is necessary for us to efficiently operate in DeFi markets and Hinkal’s Shared Privacy Protocol is the solution we have been searching for a long time. We are proud to be a member of the Hinkal network and will be deploying additional strategies leveraging this new protocol in the near future.”

Hinkal is supported by an expansive network of institutional trading firms and funds that are already leveraging the Hinkal protocol to execute their discreet trading strategies. Additional information on the Shared Privacy Protocol and how to participate can be found on the Hinkal website.

About Hinkal

Founded by Stanford grad Giorgi Koreli and his Ph.D. brother, Nika Koreli, Hinkal is an institutional-grade protocol designed to provide users with full control over their on-chain assets. The Hinkal protocol enables privacy of transactions and assets across core DeFi apps and functions, including trading, farming, staking, and lending through the use of stealth addresses and with high degree of compliance.

Hinkal is a ZK-based solution that provides a private smart contract wallet experience, allowing users to participate in their favorite dApps directly from their private addresses without the need to withdraw assets for obfuscation.

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Cwallet Expands Crypto Loans Landscape | Marking a New Era of Success in Lending

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Since its inception in March, the Cwallet Crypto Loan service has quickly surpassed a thousand transactions, marking a significant milestone that highlights its growing impact and acceptance in the competitive crypto lending market. By allowing cryptocurrency holders to access loans by using their digital assets as collateral, Cwallet has introduced a practical and innovative financial tool that caters to the immediate liquidity needs of crypto investors. This service not only facilitates quick access to funds but also preserves the potential for asset appreciation, positioning it as an appealing option for those seeking flexible and secure financial solutions. The growing transaction volume is a testament to the service’s functionality and its ability to meet the diverse needs of cryptocurrency users. As the platform continues to evolve, it is increasingly recognized as a reliable and advantageous resource in the expanding realm of digital finance.

Cwallet Crypto Loans offers two distinct loan types to accommodate the diverse needs of cryptocurrency investors: a 7-day fixed rate option for short-term borrowing, and an unlimited terms fixed rate option for longer-term financial planning. This versatility ensures that both short-term and long-term borrowers can find a solution that suits their specific financial requirements. Users can secure loans against their cryptocurrencies, such as Bitcoin (BTC) and Ethereum (ETH), benefiting from competitive interest rates that are calculated on an hourly basis. This flexibility allows for personalized and immediate financial management, distinguishing Cwallet Crypto Loans from traditional financial services.

Features of Cwallet Crypto Loans:

  • Flexible Loan Terms: Borrowers can choose from fixed or unlimited loan terms, providing significant flexibility without the risk of overdue penalties.
  • Interest Rates: Cwallet offers some of the most competitive rates in the crypto lending market, tailored to meet the diverse needs of its users.
  • Rapid Processing: The platform is designed for quick loan approvals, often within minutes, facilitating immediate access to funds.
  • Security Measures: Security of collateral is a priority, with robust measures in place to protect borrowers’ assets throughout the loan term.

Moreover, the innovative structure of Cwallet Crypto Loans is designed to streamline the borrowing process, making it straightforward and accessible for all types of users. The service utilizes advanced technology to ensure that the application and approval processes are efficient, secure, and user-friendly. Borrowers can easily navigate through the system, from depositing collateral to receiving loans and making repayments.

Additional Benefits of Using Cwallet Crypto Loans:

  • No Hidden Fees: Cwallet prides itself on transparency, ensuring that borrowers are fully informed of all charges upfront with no hidden fees. This clear communication fosters trust and reliability, enhancing user experience.
  • Wide Range of Supported Cryptocurrencies: Besides Bitcoin and Ethereum, Cwallet also supports other major cryptocurrencies like Tether (USDT) and USD Coin (USDC), allowing users a broader spectrum of options for their collateral.
  • Automatic Collateral Adjustment: In a volatile market, Cwallet’s automated system adjusts the collateral requirements based on current market values. This feature helps prevent liquidation during sudden market downturns, providing an additional layer of security for borrowers.
  • Educational Resources: Understanding the importance of informed decision-making in financial matters, Cwallet offers a comprehensive suite of educational materials that guide users through the nuances of crypto loans and managing digital assets effectively.
  • Customer Support: Cwallet has a dedicated customer support team that is available 24/7 to assist users with any questions or issues. This commitment to service ensures that users feel supported every step of the way.

As Cwallet Crypto Loans continues to develop and refine its offerings, it remains at the forefront of the financial technology industry, driving innovation in crypto lending. The platform’s consistent growth and the high volume of transactions signify a strong market demand and user trust in its services. Cwallet’s commitment to providing flexible, secure, and user-friendly financial solutions is transforming the way individuals and businesses leverage cryptocurrency for their financial needs. This adaptability not only enhances user experience but also promotes broader adoption of cryptocurrencies as viable and practical financial assets.

About Cwallet

Cwallet is a leading crypto wallet offering secure, fast, and flexible solutions for all crypto needs. Supporting over 800 cryptocurrencies and more than 50 blockchain networks, Cwallet is the preferred choice for millions of users worldwide. Its platform combines custodial and non-custodial wallets, offering the best blend of security and convenience. Cwallet is dedicated to simplifying the cryptocurrency world and delivering an exceptional experience to users. Currently, Cwallet just introduced the Gift Cards section, revolutionizing shopping experiences. This groundbreaking feature lets users purchase gift cards from top global brands such as Apple, Amazon, Spotify, Roblox, Minecraft, Stream US, EA Games and more, all directly within the Cwallet.

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Cronos zkEVM Launches Pioneer Program, Rewarding Early Supporters

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Zero-Knowledge EVM blockchain Cronos zkEVM has announced the launch of its Pioneer Program. The initiative allows early users to earn points for their activity on Cronos zkEVM and for interacting with specific dapps.

The Pioneer Program has been designed to incentivize the Cronos community and reward early supporters for their active participation in both the testnet and mainnet. Its rollout precedes the mainnet launch of Cronos zkEVM which is scheduled for Q3.

The program will unfold in stages over the coming weeks and include a variety of community and social quests. These provide an opportunity for users to earn loyalty points while familiarizing themselves with features and services available on Cronos zkEVM.

Later, users will be able to claim their points when they use ecosystem dapps, since participating dapps are expected to offer extra token yields and other benefits to point holders. These additional yields will be provided not only in CRO token but also native dapp tokens.

As a result, users will be able to earn three layers of yield on their crypto assets such as CRO: firstly, the staking yield that is provided natively by holding liquid staked assets like zkCRO; secondly, the DeFi yield generated by various DeFi protocols of the ecosystem; thirdly, the extra yield that participating dapps will offer to loyalty point holders.

Ken Timsit, from Cronos Labs, said: “The community have been waiting patiently for Cronos zkEVM mainnet to launch and the finishing line is now in sight. The Pioneer Program recognizes their invaluable efforts in helping to refine the testnet and providing feedback during the next few weeks before and after mainnet launch..”

To kick off the Pioneer program, the Cronos project is kicking off the Cronos zkEVM Passage campaign in partnership with Veno Finance. During this campaign starting on July 4, which will last until mainnet launch, users can accumulate points by locking and staking CRO into bridge contracts powered by Veno on Ethereum mainnet or Cronos EVM blockchain. The crypto assets, earned staking yield, and accumulated Pioneer points will be released upon mainnet launch.

More info about Cronos zkEVM Passage: https://zkevm.cronos.org/bridge

About Cronos

Cronos (cronos.org) is a leading blockchain ecosystem that has partnered with Crypto.com and more than 500 application developers and contributors representing an addressable user base of more than a hundred million people around the world. Cronos’ mission is to make it easy and safe for the next billion crypto users to adopt self-custody in Web3, with a focus on Decentralized Finance and Gaming.

The Cronos universe encompasses 3 chains: Cronos EVM, the leading Ethereum-compatible blockchain built on the Cosmos SDK; Cronos POS, a leading Cosmos chain for payments and NFTs; and Cronos zkEVM, a new high performance layer 2 network secured by Ethereum.

Cronos ranks among the top 15 blockchain ecosystems, encompassing more than 6 billion dollars of user assets. Since inception, it has securely settled more than 150 million transactions.

Cronos is supported by Cronos Labs, a Web3 start-up accelerator focused on DeFi, GameFi, and the development of the Cronos ecosystem.

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News

QED Protocol Raises $6 Million for Scaling With Bitcoin-powered Tech

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QED Protocol, the first zk-native execution layer for powering the Web3 ecosystem emerging on Bitcoin, announced today that it has raised $6 million in a funding round led by Blockchain Capital. The fresh influx of capital furthers QED’s mission of utilizing its novel technology to unlock unparalleled performance for smart contracts, layer-two solutions and a wide variety of Web3 applications.

Among QED’s breakthroughs is a novel solution for verification of zero-knowledge proofs, or ZKPs, on Bitcoin that radically increases scalability while preserving maximum security. This is a first-of-its-kind innovation in the ZK world that can unlock significant performance enhancements, enabling native smart contracts that had previously been lacking on Bitcoin and holding out the potential for applications to be powered with minimal latency and with speeds already capable of surpassing 150,000 transactions per second.

In a statement, QED founder Carter Feldman lauded the recent funding and emphasized how QED’s technology is compatible with Bitcoin Core by harnessing the power of Taproot script and ZKPs.

“This funding round is key to pursuing our mission to bring Bitcoin security to all of digital finance, but in a way that unlocks unmatched performance and utility,” said Feldman. “Indeed, our aim is to extend the full security of Bitcoin to all of Web3 and eventually the rest of the internet, and, in doing so, our value proposition is simple: high throughput, low latency and application-friendly performance that benefits the masses.”

In another statement, Aleks Larsen, General Partner at Blockchain Capital, expressed enthusiasm for QED’s breakthrough technology, particularly when it comes to the potential for powering a wide variety of applications with novel use cases within the growing Bitcoin-centric ecosystem.

“QED brings the power of ZK to Bitcoin in a way that is both as trust minimized as possible and extremely cost-efficient, unlocking Bitcoin-native smart contracts and scaling solutions that have long been considered unviable,” Larsen said. “We’re thrilled to back the brilliant QED team as they usher in a new era of Bitcoin innovation.”

Along with adding groundbreaking smart contract functionality to the Bitcoin ecosystem, QED’s security model is tightly aligned with Bitcoin’s own proof-of-work consensus model and does away with fragile economic-incentive models and trusted multisigs which could be used misappropriate user funds on layer 2s. Additionally, with its horizontally scalable architecture, QED sidesteps entirely the traditional tradeoffs with security and scalability by using its breakthrough architecture that utilizes fast-recursive zero-knowledge proofs and a first-of-its-kind PARTH state model which combine to enable hyperscalable Web3 applications such as orderbook exchanges, as well as fully trustless Web2-scale applications and games.

QED protocol has raised a total $10.6 million thus far, securing earlier this year a pre-seed funding round of $3.25 million that was led by Arrington Capital and included other notable investors such as Paper Ventures, Starkware, Draper Dragon, Blockchain Builders Fund, UTXO, Lbank Labs, Valhalla Capital, Edessa Capital and Anagram Ltd.

About QED

QED is Bitcoin’s native execution layer, designed to address the challenges of Web3 development. The horizontally scalable, secure and user-friendly platform is built for developers and users alike, supporting a wide range of applications from DeFi to NFTs and beyond.

Website: www.qedprotocol.com
Twitter: @qedprotocol

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Altcoins

Ethos Announces 1.75M Pre-Seed From Collective Angel Investors to Confirm “Proof-of-Credibility”

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Ethos plans to extend Ethereum’s existing validation functionality to confirm a user’s credibility on-chain, something Ethos calls “social validation”

Ethos, the decentralized social (DeSo) application bringing reputation and credibility on-chain, today announces the close of its $1.75M funding round led by a collective group of prominent web3 angel investors including Bharat Krymo, James Hall, 0xQuit, Tre, Dingaling, Sighduck, Dragos, 0xMakesy, Zeneca, and others. The round will be used to finalize the Ethos product before going live on Base later this summer.

Founded in 2023, Ethos Network is a credibility protocol that encourages users to stake their Ethereum in other people, enabling crypto participants to understand who they can trust in web3. Ethos participants will receive credibility scores, similar to credit scores but for social capital, and the determination of a user’s credibility score will be decided by Ethos’s most active and credible users.

“The biggest problem in crypto is that fraud, grift, scams, and rug pulls continue to extract time and money directly from the space,” says Trevor Thompson, Founder of Ethos and General Partner at 0x5f Capital. “In light of the over nine billion dollars paid annually into crypto fraud schemes, it’s more important now than ever before to validate someone’s trustworthiness so the industry doesn’t become overly saturated with bad actors. With the close of this round, Ethos plans to solve this problem by creating a trusted environment built on increased accountability and accurately measured reputation.”

As part of the protocol, users in the Ethos network can stake their Ethereum to vouch for another person’s credibility based on their personal judgment of whether they believe the other person is trustworthy. If the vouched participant performs what the network considers unacceptable behavior, their ETH will be slashed. The social credibility score of the original Ethos user who vouched for them will then be negatively impacted. This process encourages people to participate in Ethos over time as they are now able to build and validate their social reputation on-chain.

Ethos can be used across all industries whether it be DeFi, NFTs, trading, gaming, community building, DAOs, etc.

“When the Ethos team originally walked me through the idea of building a project centered around proof-of-credibility, I was hooked,” comments renowned angel investor Bharat Krymo. “Supporting this team was a no brainer, and I look forward to seeing the network provide a safer and more trustworthy decentralized web.”

About Ethos

Ethos is a decentralized social (DeSo) application bringing reputation and credibility on-chain. It allows users to stake their Ethereum in other people so crypto participants understand who they can trust in web3.

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Blockchain

PLYR Gaming Blockchain officially launches

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The PLYR Gaming Blockchain mainnet is set to launch as an Avalanche Subnet today on July 1st, 2024. This significant milestone marks the beginning of a new era in crypto gaming, aimed at creating a seamless and interconnected gaming universe that spans multiple blockchains.

What is PLYR Gaming Blockchain?

PLYR Gaming Blockchain is an advanced platform designed to revolutionize the gaming experience by leveraging blockchain technology. It focuses on creating a decentralized, secure, and transparent environment where players can truly own their in-game assets, enjoy thrilling play-to-earn opportunities, and engage in a dynamic gaming community.

Multichain Empowerment

PLYR Gaming Blockchain is designed to empower crypto gaming by connecting all chains. This multichain approach ensures that players from various blockchain communities can interact, trade assets, and participate in games without limitations. By bridging these chains, PLYR enhances interoperability and inclusivity within the crypto gaming ecosystem.

Key Features of PLYR Gaming Blockchain

1. Cluster Nodes: Cluster nodes are the cornerstone of the PLYR ecosystem, allowing users to participate in the network’s governance and earn rewards. By operating a cluster node, users contribute to the decentralization and security of the platform.

2. PLYR-ID: PLYR-ID is a unique decentralized identity solution that provides players with a unified identity across all games and platforms within the PLYR ecosystem. This feature ensures seamless access and a personalized gaming experience.

3. PLYR-AUTH: PLYR-AUTH provides secure and seamless authentication across all PLYR-enabled games and services. Additionally to PLYR-ID, the InstantPlayPass feature simplifies the login process and enhances security by leveraging decentralized authentication methods, ensuring a smooth and secure gaming experience for all users. This innovative feature allows players to quickly jump into games without lengthy sign-up processes.

4. PLYR-API: PLYR offers a comprehensive suite of tools for game developers, including SDKs and APIs, to integrate blockchain functionality into their games effortlessly. These tools simplify the development process and enable the creation of innovative, blockchain-powered games.

5. Sidekick App: The Sidekick app is designed to enhance the gaming experience by providing players with real-time mobile updates, notifications, and easy access to their assets and rewards. It acts as a companion app, keeping players engaged and informed.

6. Gamestake: Gamestake rewards players and active participants of the platform with $GAMR tokens. These tokens can be used to participate in games on the PLYR chain, creating a vibrant and rewarding ecosystem. By participating in Gamestake, players can maximize their engagement and enjoyment while earning valuable rewards. More details can be found on the Gamestake page.

7. Web3 Games Marketplace: The PLYR crypto games marketplace is a hub for discovering and purchasing games. It features a wide variety of games including both Web2 and Web3 games.

8. In-House Developed Games: PLYR has developed several exciting games, including:

  • ZooRacers: A battle-kart game where players can engage in intense combat and compete for rewards.
  • ZooNo: A card game based on Uno, with some added twists for a unique gaming experience.
  • Poker ZooGenes Hold’Em: A unique poker game that integrates NFT-based characters and assets.
  • Telegram Games: BangBang, ZooQuiAI, and Wild Kingdom, which connect to the blockchain for direct rewards distribution.

How to Get Started

  1. Website and PLYR-ID Creation: Users can visit the PLYR Network website to create a PLYR-ID, which provides access to the latest updates and features.
  2. Community Engagement: Staying informed about events and news is possible by following PLYR on social media platforms such as Twitter(X).
  3. Participation in Events: Engaging with the community and earning rewards is facilitated through participation in various events organized by the platform.
  4. Roadmap and Future Updates: The roadmap available on the PLYR website offers insights into future developments and milestones, helping users stay informed about upcoming enhancements.

Looking Ahead

The launch of the PLYR Gaming Blockchain mainnet is just the beginning. An ambitious roadmap is in place, with plans to introduce more games, expand the ecosystem, and continuously improve the platform based on community feedback. This initiative aims to revolutionize the gaming industry and create a thriving community of passionate gamers.

About PLYR

The PLYR Subnet is a dedicated blockchain network on the Avalanche platform, optimized for the gaming industry. It offers low-cost, fast, and secure transactions, enabling seamless in-game purchases, asset transfers, and reward distributions. With a strong focus on interoperability, the PLYR Subnet integrates with over 200 blockchain networks, providing a robust and scalable foundation for cross-chain gaming experiences and innovative decentralized applications. This specialized subnet empowers developers and gamers with efficient, high-performance solutions tailored to the needs of modern gaming.

The groundbreaking launch on July 1st, 2024, marks a significant milestone in the gaming industry. The PLYR Gaming Blockchain is set to become a major player in the future of gaming, building on the successes of platforms like Gala, Immutable, and Beam.

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