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Nuant Boosts Digital Assets Platform with MSCI Datonomy™ Capabilities: Pioneering a New Chapter in Digital Asset Sector Classification

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Nuant, a leader in Digital Asset Portfolio Management Systems, is pleased to announce its collaboration with MSCI Inc., a leading provider of mission-critical decision support tools and services for the global investment community. The collaboration sets a new benchmark by offering institutions in-depth sector classifications for digital assets, facilitated through MSCI datonomy™.

Developed with respected industry players, Goldman Sachs and Coin Metrics, the MSCI datonomy™ offers a clear and structured classification system, addressing the challenges of navigating the diverse world of digital assets. Through this initiative, digital asset funds and institutions using Nuant’s platform can expect enhanced clarity into digital asset sectors to help streamline both investment decisions and risk management.

Through amplified visibility on Nuant’s platform, MSCI’s datonomy™ can offer institutions a more unified sectoral classification in digital assets. This integration provides an extensive solution, aligning the rigour of traditional finance with the specifics of digital assets.

“Our strategic collaboration with MSCI is a testament to Nuant’s commitment to delivering premier solutions. The incorporation of datonomy ensures our clientele receives a nuanced and structured perspective on the digital asset sectors,” expressed Rachid Ajaja, CEO & Founder of Nuant.

Stephane Mattatia, Global Head of Derivatives Licensing and Thematic Indexes, MSCI added, “Global investors are looking for greater transparency and insight into digital assets markets and for ways to meet their high standards for professionalism, scale, risk management, and security. By making the MSCI toolkit available to users of Nuant’s Portfolio Management System, we aim to help provide key datasets to support informed critical investment decisions.”

Navigating a financial ecosystem that seamlessly merges the traditional with the digital, this new innovative solution offers enhanced clarity and insights to institutions worldwide.

About Nuant:

Nuant redefines risk intelligence and elevates institutional crypto portfolio management by seamlessly integrating advanced tools tailored for insightful decision-making. Central to the platform is a robust Portfolio Management System (PMS), crafted to offer in-depth insights into portfolio compositions and performance dynamics. With the essence of quantitative risk assessment, inspired by the foundational principles of the Nuant Quantitative System (NQS) — its advanced strategies simulator — the solution proficiently merges the enduring principles of finance with the intricate subtleties of the DeFi landscape. As a trusted ally for institutional professionals, Nuant consistently evolves to ensure clarity, resilience, and a strategic edge in every investment journey.

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Technologies

Completely New Gaming Narrative: How Monsta Challenges Standard Tap2Earn Games and Provides Gamified Trading Simulator

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Monsta is a crypto-trading game featuring fun meme characters and easy-to-earn mechanics. It’s perfect for newbies wanting to explore crypto trading risk-free, as well as experienced traders looking to sharpen their skills and build their social capital by sharing the strategies they believe in.

Monsta offers a fresh take on clicker games by blending lively gameplay with crypto trading. With each tap, you earn in-game points that allow you to build your investment portfolio by buying special Trading Cards.

These cards reflect the dynamics of real cryptocurrencies like BTC, ETH, TON, SOL, and more. You can buy the cards, sell them if they don’t perform as expected, or hold them if you want to give them a chance. Essentially, it’s a simplified analog of the spot market, but safe and gamified. It helps you gain trading experience without risking real money.

Monsta’s economy is rich, original, and close to reality. The characters in the game are crypto-monsters with names related to trading, such as Hodl, Moon, Long, Short, and Fomo. As you play, you’ll dive into crypto culture, become familiar with it, and learn how to reach the Moon! The game currently features 10 characters, but the team promises to add more.

The Monsta gameplay is enhanced with boosters (speed-ups) and gems (advanced boosters). The game includes daily and weekly quests, and soon there will also be group online tournaments where you can compete with friends and earn even more.

The project is set to become a huge ecosystem with exciting updates on gameplay, numerous rewarding opportunities for the community, and more surprises. Keep an eye on the project, as the beta version of the game is already live. Be among the first players to catch all the updates and avoid feeling FOMO later on.

Play like a Monsta. Earn like a Pro.

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Technologies

Phala Network unveils the first-ever GPU-TEE benchmark, paving the way for decentralized AI

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Phala Network, a pioneering blockchain platform focused on Trusted Execution Environments (TEEs), has announced a significant milestone in its roadmap to decentralized AI. The company, which has been at the forefront of verifiable computing since its founding in 2019, has just released the first-ever benchmark for TEE-enabled GPUs, marking a new era in secure, high-performance decentralized AI.

Phala Network’s vision for decentralized AI

Phala Network has consistently pushed the boundaries of what blockchain can achieve, particularly in secure computation.

Since launching its mainnet in 2021, Phala has grown to support over 40,000 TEE CPU nodes, providing robust infrastructure for decentralized applications. These nodes enable Web3 developers to offload complex computations from smart contracts to Phala’s off-chain network, ensuring data privacy and security while generating verifiable proofs and oracles.

Phala’s technology has been instrumental in powering various Web3 use cases, including social apps, games, and AI-driven agents.

With the release of their latest GPU-TEE benchmark, Phala is taking a decisive step toward realizing its vision of decentralized AI. The new benchmark focuses on the performance of Nvidia’s H100 and H200 GPUs when integrated into Phala’s TEE technology. This integration is crucial for scaling decentralized AI, offering the high-performance compute power necessary for training and running large language models (LLMs) like LLaMA 3 and Microsoft Phi while maintaining stringent security and privacy standards.

The role of TEE in decentralized AI

The integration of Trusted Execution Environments (TEEs) within decentralized AI systems is crucial for ensuring the protection of sensitive AI workloads, particularly as AI becomes increasingly critical in various industries. By extending trusted computing principles beyond CPUs to AI accelerators like GPUs, TEEs can provide a new layer of defense, safeguarding model weights and inference data through cryptographic measures. This evolution in infrastructure security enables the secure deployment of decentralized AI systems, ensuring that data remains protected even in the event of a compromise.

In 2024, Nvidia introduced its H100 Tensor Core GPUs, equipped with advanced Confidential Computing (CC) solutions that integrate TEE functionality directly into the GPU architecture. These solutions include features like encrypted memory, secure boot, and hardware firewalls, all designed to protect sensitive data during processing.

Phala’s adoption of Nvidia’s TEE-enabled GPUs represents a significant advancement in decentralized AI, providing a foundation for secure, transparent AI systems that are not controlled by any single entity. This move is aligned with the broader goals of decentralized AI, which aims to democratize access to AI technologies, making them more accessible and equitable.

Benchmarking GPU-TEE performance

Phala Network’s latest benchmark for TEE-enabled Nvidia H100 GPUs provides critical insights into secure AI performance. Key findings include:

  • Minimal overhead: The introduction of TEE incurs a performance overhead of less than 7% on typical LLM queries, with almost zero impact on larger models like LLaMA-3.1-70B. For smaller models, the overhead is primarily linked to CPU-GPU data transfers via PCIe rather than GPU computation itself.
  • Scalability: Phala’s report shows that the overhead becomes negligible for larger AI models, highlighting that the GPU’s compute-heavy tasks are not hindered by TEE mode.

These results validate the viability of TEE-enabled GPUs for developers looking to implement secure, decentralized AI applications without compromising performance.

The future of Decentralized AI

As the demand for decentralized AI grows, the need for robust and secure infrastructure becomes paramount. The future of decentralized AI hinges on advancements in technologies like confidential computing, which offers the promise of enhanced security by encrypting data at the hardware level. Moreover, the integration of network and tenant isolation guarantees, along with innovations in operational and physical security, will be critical in building resilient AI systems. These measures not only protect against external threats but also ensure that decentralized AI can scale securely, providing equitable access to advanced AI capabilities.

Phala Network’s work in decentralized AI is a critical step toward addressing these challenges. By integrating TEE technology into GPUs and providing the first comprehensive benchmark, Phala is not only advancing the technical capabilities of decentralized AI but also setting new standards for security and transparency in AI systems.

The release of this benchmark is just the beginning. As Phala continues to innovate, the decentralized AI ecosystem is poised to grow, offering new opportunities for developers, businesses, and communities to harness the power of AI in a way that is secure, transparent, and equitable for all.

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Blockchain

Rilla Network Revolutionizes Live Sports Streaming Delivery and Experience

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Rilla Network is redefining live sports streaming by turning passive viewers into active participants. Its innovative protocol integrates interactivity and transactability natively, unlocking a new era of live-streaming experiences.

Rilla’s decentralized protocol enables users to contribute network capacity and earn rewards, while the network effects of value distribution foster deeper engagement and loyalty. Through real-time interactivity, audience members can transact directly during live streams, creating new economic models for the industry.

The Rilla platform features a viewership gamification and rewards framework, driving engagement with personalized experiences. Its hyper-granular analytics provide insights on a viewer-by-viewer basis, enhancing user experience and targeting. Additionally, consumption-based pricing and trustless billing ensure cost-efficiency and scalability with a logarithmic cost-to-serve model that keeps costs low even as audiences grow. Low-latency streaming further enhances viewer engagement.

With the traditional economics of live streaming becoming unsustainable, Rilla offers a solution to capture second-order network value, some of which is already lost to third-party networks such as social media. By integrating interactivity and transactability, Rilla ensures that the value generated remains within the live stream, benefiting content creators and viewers.

Co-founder and CEO, Hal Smith Stevens, said: “Today’s streaming models are outdated. Rilla Network enables fluid transactivity and audience interactivity, empowering viewers to engage actively with the content and the community. We’re transforming live digital experiences.”

Rilla Network has closed two funding rounds this year, including an angel and pre-seed round, raising a total of $3.5 million. The rounds were led by Blockchain Founders Fund and Blockchange Ventures, respectively.

Managing Partner at Blockchange Ventures, Ken Seiff, stated: “Rilla Network is transforming live streaming by addressing key inefficiencies and introducing innovative ways to enhance audience interaction and monetization. Its decentralized approach and ability to capture second-order value sets it apart as a true game-changer in live sports streaming. We’re thrilled to support such a forward-thinking team.”

The funds are being used to launch Rilla’s protocol through a pilot program in collaboration with major players in sports streaming. The company plans to run high-profile pilots before seeking seed funding in Q2 2025.

About Rilla

Rilla Network is a decentralized live-streaming protocol. Rilla is based in Dubai, UAE with world-class team members contributing globally. The founding team has decades of experience in software development, content streaming services, Web3, blockchain, AI, and machine learning. Learn more at https://rilla.network.

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News

LedgerAI Partners Secures First of Numerous Letters of Intent with Financial Recovery Strategies (FRS) to Revolutionize Business Intelligence

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LedgerAI, a leader in artificial intelligence and business solutions technology, is thrilled to announce it has secured its first Letter of Intent (LOI) with Financial Recovery Strategies (FRS), marking a transformative moment as the company redefines the future of business intelligence by applying Artificial Intelligence (AI), intelligently. This will be part of an ongoing series of LOI announcements with clients.

Aura Vision: The Intelligent Heart of FRS

This cutting edge AI interface will function as an unparalleled Board and Executive Concierge, Chief of Staff, and Chief Administrator, but these titles only scratch the surface of its functional capabilities. At the core of this partnership with FRS is LedgerAI’s flagship AI platform, Aura Vision – a dynamic, next-generation AI-powered interface designed to act as the nerve center of FRS. Aura Vision doesn’t just support decision-making; it revolutionizes it by seamlessly integrating into every layer of FRS’s operations.

From real-time analysis of class action litigation landscapes to forecasting financial recovery trends, Aura Vision ensures FRS is always one step ahead, making decisions with a confidence rooted in data-driven intelligence. Aura Vision is engineered to anticipate the needs of FRS’s leadership and operational teams, proactively delivering critical market insights, risk assessments, and internal intelligence. It sifts through vast data streams, identifies patterns, and presents actionable insights with unparalleled speed and accuracy.

Michael Epstein, CEO of FRS: “Aura Vision is a game-changer for FRS. It’s like having a team of the world’s top strategists, analysts, and advisors working 24/7, but with the precision and efficiency that only AI can provide. For an organization like ours, with over 29,000 clients, the ability to proactively manage and interpret vast amounts of data is invaluable. Aura Vision doesn’t just tell us what’s happening; it tells us what’s coming, allowing us to act swiftly and strategically.”

Strategic Partnership: A New Era for FRS and LedgerAI

Epstein also spoke highly of the team of four co-founders behind LedgerAI: “The brilliance of CEO Paul Chou and his executive team at LedgerAI cannot be overstated. From Paul’s visionary leadership to Bob Carella’s financial expertise and client focus, David Lara’s operational and market insights, and Jorge Guinovart’s marketing reach, this partnership is the perfect alignment of innovation and execution. Aura Vision represents the culmination of their efforts, and we at FRS couldn’t be more excited to integrate it into our operations. The immediate ROI we anticipate from Aura Vision’s proactive intelligence-sharing capabilities is very exciting.”

Looking Ahead: Redefining Business Intelligence

The LOI with FRS positions LedgerAI as a leader in AI innovation. Aura Vision is not just another tool; it’s a revolutionary platform that will redefine how companies like FRS operate – making business intelligence more intuitive, integrated, and impactful by applying Artificial Intelligence, intelligently.

About FRS

Financial Recovery Strategies (FRS) is a leading firm specializing in class action settlement claims recovery and cost-saving strategies. With over 29,000 clients, more than 400 of them being fortune level companies, FRS provides comprehensive management of class action claims, from tracking litigations to overseeing settlement distributions. For more information, visit www.frsco.com.

About LedgerAI

LedgerAI is at the forefront of artificial intelligence and business solutions technology, dedicated to revolutionizing how businesses operate through cutting-edge AI platforms like Aura Vision. LedgerAI continues to push the boundaries of innovation and deliver exceptional value to its clients. For more information, visit www.ledgerai.co.

Website: https://www.ledgerai.co/

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Altcoins

Core Foundation Announces LstBTC, a Liquid Staking Token on the Core Blockchain

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The Core Foundation, a group dedicated to sponsoring ecosystem development on Core’s Bitcoin-powered blockchain, has announced LstBTC, an ERC-20 liquid staking token pegged 1:1 with Bitcoin (BTC). This innovation enables BTC holders to earn daily rewards in CORE tokens while maintaining the liquidity of their Bitcoin—a solution to the longstanding challenge of choosing between staking and liquidity in the DeFi space.

Addressing the Liquidity Challenge

For Bitcoin holders, the choice between staking their assets for rewards and keeping them liquid for DeFi participation has always been a difficult one. Traditional BTC staking often requires locking up assets, making them unavailable for other uses. LstBTC eliminates this trade-off by preserving Bitcoin’s value while offering the benefits of staking. Holders can now keep their BTC liquid and participate fully in the evolving BTCfi ecosystem.

How LstBTC Works

Each LstBTC token is fully pegged to one BTC, ensuring that its value remains stable. Unlike standard staking, LstBTC allows holders to retain full liquidity, meaning their Bitcoin can still be used for lending, transferring and swapping like any other ERC-20 token. This flexibility is a game-changer for those who want to maximize their returns without compromising their ability to engage in DeFi activities.

Enhanced Security with Multisig Setup

LstBTC is issued on the Core blockchain and features a Multisig setup on the Bitcoin network. While this requires a slight increase in trust, the Multisig setup is managed by reputable entities, a practice widely adopted in many established protocols. The Multisig wallets undergo rigorous security audits, ensuring that users’ assets are well-protected, while still allowing them to benefit from the liquidity and rewards offered by LstBTC.

Expanding the BTCfi Ecosystem

LstBTC will further expand Core’s already comprehensive BTCfi ecosystem, which includes lending, borrowing, restaking, DEXs, perpetual futures, and NFT platforms. By bridging the gap between staking and liquidity, LstBTC offers BTC holders greater flexibility in managing their assets.

“Bitcoin holders have long faced a difficult choice between staking their assets and keeping them liquid for participation in the DeFi ecosystem,” said Rich Rines, Initial Contributor at Core. “LstBTC changes that by allowing users to earn staking rewards in Core while keeping their Bitcoin liquid and active in the ecosystem.”

A Solution That Meets Market Needs

LstBTC is designed for BTC holders who want to maintain their asset liquidity while still earning staking rewards. The Multisig wallet setup, backed by reputable entities and rigorous audits, ensures that security is not compromised, making LstBTC a reliable choice for those looking to engage more fully in the BTCfi ecosystem.

See more on LstBTC in this explainer video: https://youtu.be/ipyT_ih_G-g?si=nUs8HlMBct_J1Dbq. For more information about the Core Foundation and Core blockchain, please visit https://coredao.org.

About Core

Core serves as the Proof of Stake layer for Bitcoin as the first enabler of Non-Custodial Bitcoin Staking, which secures a fully EVM-compatible BTCfi ecosystem. Since April 2024, over 5,000 BTC valued at more than $300 million have been staked with Core, enhancing Bitcoin’s utility and security.

Core is the most Bitcoin-aligned EVM blockchain with ~55% of Bitcoin mining hash power contributing to the network’s security. This breakthrough has amassed millions of Core adopters – over 20M unique addresses, 275M+ transactions, and over 295M TVL since its mainnet launch in January 2023.

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News

NeoSwap AI Rebrands as Tulle, Weaving More Liquid Crypto Markets

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NeoSwap AI, a leader in blockchain-based economic efficiency tools, today announced its rebranding as Tulle. This move sharpens the company’s focus on innovative liquidity solutions for low-volume cryptocurrency markets, particularly on the Solana and Bitcoin networks.

Tulle leverages an innovative technology stack that combines complex intent capture, prediction models, and advanced trade-finding algorithms to facilitate multi-party swaps. This approach boosts trading volumes in low-liquidity environments, significantly improving market efficiency.

“Rebranding to Tulle marks our commitment to solving the crypto industry’s most pressing liquidity challenges,” said Dr. John Ennis, CEO of Tulle. “Our platform empowers partners and contributes to the overall growth and stability of the Solana and Bitcoin ecosystems.”

To support its partners, Tulle offers TulleKit, a comprehensive SDK for easy integration of its liquidity solutions. Notable partners that have benefitted from Tulle’s technology include Star Atlas, Genopets, Baxus, and Bitcoin Machines.

Tzvi Wiesel, co-founder of Baxus, highlighted the impact: “Tulle’s solution addresses key challenges in global secondary market deal-making, enhancing liquidity in the wine and whisky markets. We’re thrilled to offer these benefits to our users through our partnership.”

Tulle previously secured $3 million in pre-seed funding led by Digital Asset Capital Management (DACM), with participation from AngelHub, Sora Ventures, Avid3, and others. Tulle plans to commence a new funding round shortly, further fueling its growth and innovation in the blockchain space.

Richard Galvin, Co-Founder and CEO of DACM, commented: “Tulle’s novel approach to enhancing liquidity has applications far beyond its initial focus on NFTs. We see potential for this technology to revolutionize liquidity provision across the entire spectrum of digital assets.”

For more information about Tulle and its services, please visit https://www.tulle.ai/

About Tulle:

Tulle is redefining liquidity in the blockchain space, addressing today’s challenges while shaping the future of decentralized finance. By bridging the gap between emerging projects and robust market activity, Tulle aims to create a more fluid, efficient, and accessible economic ecosystem for all.

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Technologies

Scannit to launch financial management app at Token2049, rewarding users with tokens for data ownership

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Scannit, a pioneer in digital financial identities, has announced the open beta launch of its innovative financial management app as part of the upcoming Token 2049 event in Singapore from Sept. 18, 2024. The Scannit app helps users track spending while rewarding them with SCAN tokens for their data contributions, fostering a new data economy.

The app launch comes on the heels of Scannit’s acceptance into the IoTeX Accelerator Cohort and its certification as a Google Web3 Startup. These affiliations provide Scannit with strategic guidance, technical support, access to cutting-edge resources, and a global network —enhancing its credibility and capacity to innovate in the rapidly evolving Web3 landscape. With a 7-figure funding round recently closed, Scannit is well-positioned for rapid growth and global expansion.

The Scannit app enables users to have full transparency and control over their financial data, allowing them to decide who has access to their data at any given time. The app reduces manual financial tracking efforts through automation. Users are rewarded with SCAN tokens for sharing their data, creating an active and incentivized participation in the value chain.

The open beta launch in Singapore is the first step in Scannit’s plan to onboard at least 10,000 users during the beta phase and achieve a target of 100,000 users by the end of the first quarter post-launch.

“Our innovative app is redefining the relationship between consumers and their data. With Scannit, users don’t just manage their finances—they own their data and earn from it,” said Karl Nowak, CEO and Founder of Scannit, adding: “We want to give back that power to the users. So, it should be your choice to give away that data if you want to. And if you do, you should get proper compensation for it.”

Looking ahead, Scannit plans to introduce AI-driven financial advice tools to further assist users with their spending habits, enhancing user experience and engagement. The company is also working on onboarding additional partners to expand its ecosystem, targeting diverse user personas while upholding its core promise of full data ownership for users.

Users interested in experiencing the future of financial management can join Scannit’s waiting list for the open beta launch slated for Token 2049.

About Scannit

Scannit is a pioneering technology company headquartered in Atlanta, Georgia, revolutionizing digital financial identities. Its “Scan to Earn” model rewards users for scanning receipts and verifying transactions, turning everyday spending into valuable rewards. Scannit enables businesses to ethically and authentically access valuable data insights while respecting user privacy and consent, driving a fair and transparent data economy.

For more information, visit www.scannit.io.

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Business

Redbrick Secures U.S. Patent for “Open Metaverse Creation System”

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Redbrick (CEO Yeongmo Yang), a gaming creation platform, announced that following a domestic patent registration last August, it has also secured a U.S. patent for its “Open Metaverse Creation System.” With this recent acquisition of a U.S. patent, Redbrick has reaffirmed its technological prowess in the global market and has further enhanced the connectivity and scalability among its platforms.

The “Open Metaverse Creation System” is a groundbreaking technology that enables creators to synchronize their game content across multiple platforms. This system allows creators’ content to move freely among various platform services, enabling consolidated revenue management within a single system. Previously, content distribution and revenue generation in metaverse and gaming platforms were confined to individual platforms. However, Redbrick’s technology now enables free movement of content and revenue management across multiple platforms.

With this patent, Redbrick is fostering an environment where creators can continuously generate revenue across diverse platforms. Beyond marketplaces, particularly in advertising and content usage fees, Redbrick has introduced a revenue-sharing model with partners to help creators secure more stable earnings.

CEO Yang stated, “In addition to enhancing our open metaverse technology, we are also developing AI features and capabilities that allow creators to collaborate within our studios. We plan to continue advancing our technology to enable creators to undertake innovative creative activities.”

Redbrick’s technological achievements are providing new opportunities for various companies interested in utilizing game and metaverse content. Companies such as Telegram, Fusionist, OKX, Berachain, Bitlayer, Mode, Klaytn, ZetaChain, and Kroma can now easily create content using the “Redbrick Engine,” leveraging open metaverse technology to upload game content to their own websites or apps. This is expected to significantly enhance collaboration with various enterprises.

Redbrick is a tech start-up founded in 2018, aiming to popularize game and metaverse creation. It provides a cloud-based 3D creation engine, which has lowered entry barriers to traditionally complex and difficult game creation. Redbrick’s 3D creation engine utilizes artificial intelligence-generated content (AIGC), educational technology (EdTech), and blockchain technology, making it easy and fast for anyone to create games, metaverse, VR content.

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Blockchain

Unitas Protocol Upgrades Smart Contract and Completes Security Audit By ChainLight

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Unitas, a DeFi stablecoin protocol addressing emerging markets’ dollar shortage issues in transactions and cross-border payments, has successfully upgraded its smart contract to the second stage. Prior to deployment, the smart contract was audited by ChainLight, a trusted Korea-based security firm under Theori with expertise in both Web2 and Web3 domains.

As a result, there is no high or critical issues found in Unitas Protocol, and 3 medium and 3 informational issues identified by ChainLight were fixed by the Unitas team. The full audit report is available on the Unitas Foundation website.

“The Unitas team demonstrated a high level of preparedness for the audit, with comprehensive documentation and robust testing procedures in place. We also enjoyed auditing the Unitas protocol because the concept itself was innovative,” said Brian Pak, CEO & Co-Founder of ChainLight. “It is important to note that potential risks may arise from macroeconomic factors or flaws in the source code, which require continued monitoring and management.”

Unitas Protocol mainnet was live on 31 July 2023 and before that, the testnet was launched after completing smart contract security audits by Sherlock. “Security and stability of the smart contract are the top priorities of Unitas,” said Sun Huang, co-founder and Chief Technology Officer of Unitas Foundation. “To ensure the best quality of Unitas protocol, each stage of the smart contract must undergo independent, multiple, and varied audits by different external third parties.”

In the first phase, Unitas protocol allows anyone to mint unitized stablecoins with USDT. It “unitizes” a USD stablecoin (e.g., USDT) into one local currency unit. The first unitized stablecoins open to minting are USD91 (INR-pegged), USD971 (AED-pegged), USD84 (VND-pegged), and USD1 (USD-pegged).

The first phase is focused on user engagement and application. The second phase, set for launch in September, centers on the role of Insurance Providers (IPs), who lend their USD stablecoins to the protocol to support its over-collateralization, a process known as “IP staking”. With the participation of IPs, including auctions, profit sharing, and 4REX token issuance, the Unitas protocol will operate independently and organically. For more details, please refer to the whitepaper.

Unitas Protocol is built for real-world stablecoin applications, solving USD liquidity issues in developing countries like India and Vietnam. Unitas Foundation will co-host the second edition of the Stablecoin Summit with the blockchain-enabled financial institution XREX Group on 20 September this year at Andaz Singapore.

About Unitas Foundation

Unitas Foundation is a non-profit organization founded in 2022. Unitas Protocol operates exogenously over-reserved stablecoins pegged to emerging market currencies. These stablecoins unleash emerging market potentials by facilitating foreign investment, cross-border payment, global market access, DeFi participation, efficient USD liquidity, and more.

About ChainLight

ChainLight is a blockchain security firm founded in 2016. Our clients span both Web2 and Web3 domains, including industry giants such as Microsoft, Samsung, Google, LG Electronics, Hyundai, DARPA, Upbit, Bur, Blast, and zkSync.

We are renowned for maintaining a record of zero client compromise and winning numerous CTF (Capture The Flag) hacking competitions. Additionally, we are a proud member of the Security Alliance (SEAL) led by Samczsun, Head of Security at Paradigm, committed to elevating the standards of blockchain security.

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Business

XinFin XDC Network and Foundership Inaugurate XDC 0xCamp Accelerator Program to Propel Global Web3 Startups

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XinFin XDC Network, an EVM-compatible Layer 1 blockchain, and Foundership, the leading global Web3 accelerator, have announced the kickstart of the 12-week XDC 0xCamp accelerator program. This initiative is designed to provide a transformative platform for 6 innovative startups selected from hundreds of applications worldwide. These startups will participate in a comprehensive 90-day Token Launch Ready program, aimed at accelerating their growth and success within the Web3 ecosystem.

In addition to mainnet integration with the XDC Network, each project will mint its native tokens on XDC and contribute unique products and protocols across diverse sectors such as Real World Assets (RWA), SocialFi, Gaming, Sports, and DeFi.

The XDC 0xCamp program offers these startups strategic guidance from best-in-class industry mentors, helping them refine their business ideas, design effective tokenomics, develop go-to-market strategies, and receive technical support—all crucial elements for a successful token launch.

A key highlight of the program will be a demo day held during Token2049 in Singapore with the Web3 venture capitalists and angel investors will be invited to meet the startups ready for investment.

By the end of the program, each startup qualifies to receive up to $100,000 in investments from XVC Tech, based on the milestones achieved in the Token Launch Ready Program.

The participating teams comprise remarkable founders developing the next generation of groundbreaking products and protocols, leveraging the XinFin XDC Network’s Layer 1 technology. Foundership will provide contextual acceleration tailored to each startup’s specific needs, covering areas such as tokenomics, business growth, KOLs (Key Opinion Leaders), launchpads, exchanges, market makers, and all other essential elements required to achieve a Token Generation Event (TGE) upon Program Completion.

Ritesh Kakkad, Co-Founder at XinFin XDC Network, stated: “The launch of the XDC 0xCamp Accelerator Program represents a pivotal moment for the Web3 space. By partnering with Foundership, we are opening new avenues for startups to innovate and build on the XDC Network. Our network is designed to support and scale groundbreaking projects, and we are excited to see the transformative solutions these teams will bring to the Web3 ecosystem. This initiative not only fosters technological advancement but also strengthens our commitment to empowering visionary entrepreneurs who are shaping the future of blockchain”

Santosh Panda & Bimlesh Gundurao, Co-Founders at Foundership, said: “We are super excited to announce the teams joining us on the XDC 0xCamp accelerator program. The 6 teams are leading the way in building truly multichain applications leveraging the XinFin XDC Network Layer 1 tech stack, and we are super excited to support them in their progress and token launch on XDC Network.”

Pranav Agarwal, Head of Capital at Foundership, said “With this program, we are supercharging the XDC ecosystem with live projects, having a great community and long-term vision. This is a true value addition for all stakeholders”

Aneri, Head of Ecosystem & Investments at XVC Tech, said “At XVC Tech, we are committed to investing in innovative projects that demonstrate strong potential for long-term success within the Web3 ecosystem. We believe that the projects emerging from this program will play a pivotal role in shaping the next wave of Web3 innovation on the XDC Network.”

For more information, please visit: foundershiphq.com/xdc-0xcamp

About the Shortlisted 6 projects:

XinFin XDC Network and Foundership are pleased to present the 6 startups participating in the XDC 0xCamp program: Akka Finance, Zayn Network, MetaSoccer, Earnscape, Panenka FC and Fandora.

1. MetaSoccer

MetaSoccer lets users become a true club owner, earning rewards through skillful management and strategic gameplay. Link: https://metasoccer.com/

HQ – USA

2. Zayn Network

The Modular ZK L2 uniting Bitcoin & Ethereum Unlocking Bitcoin liquidity through EVM dApps for the next billion users. Link: https://zayn.network/

HQ – Singapore

3. Akka Finance

Trading, potentially earning, and owning crypto on the all-in-one multichain DEX. AKKA is a cross-chain solution enabling seamless liquidity access and service aggregation across multiple blockchains, fostering interoperability, programmability, and user experience in the web 3.0. Link: https://app.akka.finance/swap?chain=xdc

HQ – Dubai

4. Fandora

Bringing Content, Brands and Web3 together.India’s first Content IP tokenization and World’s first Web3 Advisors NFT platform. Link: https://fandora.app/

HQ – India

5. Panenka FC

Panenka FC utilizes smart contracts on blockchain to automate and decentralized game room management and rewards distribution. Link: https://www.panenkafc.gg/

HQ – Singapore

6. EarnScape

Earnscape offers reward systems to increase user retention and new traffic. Earnscape’s initial focus is on gaming using blockchain to enable reward disbursement. Link: https://earnscape.io/

HQ – USA

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