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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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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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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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Altcoins

CARV Launches Alphanet: $35M Node Sale Propels Decentralization Milestone

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CARV, the largest modular data layer for gaming and AI, today announces the launch of its Alphanet, run by the 38,000 verifier nodes distributed to its community worth $35M. This marks a significant step towards CARV’s goal of true decentralization and user-owned data future.

Nodes empower the CARV community as stakeholders, enabling users to own, control, and monetize their data while enterprises can innovate based on high-quality information. With the launch of Alphanet, node operators can test run the network, playing a crucial role in preventing system manipulation and enhancing overall security through two-staged smart contract verification. As reported by CoinDesk, by putting the keys to validating and securing data flows into the hands of its rapidly growing community, CARV is evolving into a truly decentralize, scalable protocol layer, where the seamless onboarding of high-quality games, gamers, and applications seeking a secure, decentralized data environment is possible.

From June 28, users can already download and operate Node Operation software. Starting July 1, node owners can start running nodes on Alphanet and potentially earn test rewards. Contribution to data validation on the Alphanet is correlated to rewards on mainnet launches. 25% of the total token supply is reserved for verifier rewards. This economic incentive closely aligns the protocol’s long-term success with the community’s vested interests.

“From our successful node distribution to today’s alphanet launch, we are rapidly progressing towards a more decentralized and scalable network,” said CARV Co-Founder Victor Yu. “Our community’s overwhelming participation represents a powerful mandate: people are ready for an open data frontier that generates value for users rather than corporations extracting it. With this significant milestone achieved, we can accelerate building the world’s most vibrant data ecosystem.”

The Alphanet launch further builds on CARV’s momentum from forging high-profile partnerships. Most recently, CARV announced its partnership with double jump.tokyo Inc., the trailblazing Japanese Web3 gaming company and primary developers behind Oasys, the leading layer-1 blockchain purpose-built for gamers. Through this partnership, double jump.tokyo and Oasys will run CARV nodes, generating staked token rewards for voting in CARV’s governance. Likewise, by working alongside other Web2 and Web3 gaming heavyweights like Animoca Brands, Neowiz’ IntellaX, Google Cloud, and Netmarble’s MARBLEX, CARV is solidifying its position as the preeminent gaming and AI data layer, ready to catalyze industry-wide innovation.

About CARV

CARV is the largest modular data layer for gaming and AI, pioneering a future where data generates value for all. As the sole author of ERC7231, CARV has built CARV Protocol, the modular data layer which has integrated with 40+ blockchains, Google Cloud, and other identity, storage, infra and AI providers. CARV’s flagship gaming superapp, CARV Play, is integrated with more than 790 web2 & 3 games and serving 2.8M+ gamers. CARV is backed by top-tier funds and ecosystems such as Temasek’s Vertex Ventures, ConsenSys (developer of Metamask), Tribe Capital, IOSG Ventures, Animoca Brands, HashKey Capital, Infinity Ventures Crypto, MARBELX, and more. For more information, users can visit carv.io.

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Altcoins

UXLINK Announces SLP (Social Liquidity Provisioning) Dual Funding Pools

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The world’s largest Web3 social platform and infrastructure, UXLINK’s ecosystem is rapidly expanding, with more than 100 ecosystem partners. UXLINK is dedicated to pushing the boundaries of social networking by integrating blockchain technology to create a secure, transparent, and rewarding environment for its global community.

Introduction of SLP (Social Liquidity Provisioning) System

Today, UXLINK is excited to officially announce the establishment of the SLP (Social Liquidity Provisioning) system for its community and ecosystem. This innovative system is designed to enhance user growth and foster a more collaborative and profitable environment for all participants.

Key Features and Benefits of the SLP System:

1. Staking Opportunities for Various Tokens:

  • Developers and partners can stake pre-TGE tokens, UXLINK tokens, BTC, ETH, and stablecoins into the SLP protocol.
  • This staking mechanism enables users to benefit directly from the platform’s growth.

2. Adoption of Proof of Stake (POS) Model:

  • The SLP system will implement a Proof of Stake (POS) model.
  • This model ensures that benefits are shared among partners and the community, promoting inclusive growth and collaboration.

3. Interest-Bearing and Growth Pools:

  • The SLP system will support interest-bearing pools for various tokens, providing a stable return on investment.
  • Growth pools for pre-TGE tokens will further empower the $UXLINK token, making it the first to incorporate eco-growth in the social infrastructure space.

4. Enhanced Cooperation with Ecosystem Partners:

  • This initiative forms a crucial part of the UXLINK Social Liquidity Layer.
  • It establishes a more in-depth cooperation model between ecosystem partners and the UXLINK community, fostering stronger relationships and mutual growth.

5. Mandatory Participation for Ecosystem Partners:

  • Starting July 1, partners participating in the UXLINK ecosystem are required to hold UXLINK assets.
  • Partners must commit to their pre-TGE token allocation, reinforcing their commitment to the platform’s growth and stability.

Overview of UXLINK:

UXLINK stands at the forefront of Web3 social platforms and infrastructure, offering a comprehensive ecosystem that integrates social networking with blockchain technology. With over 100 ecosystem partners, UXLINK is dedicated to providing innovative solutions that drive user engagement and growth. The introduction of the SLP system underscores UXLINK’s commitment to fostering a vibrant and dynamic community, enhancing the value of $UXLINK tokens, and setting new standards in the social infrastructure space.

About UXLINK:

UXLINK is the world’s largest Web3 social platform and infrastructure provider, connecting a wide array of ecosystem partners and users through a seamless and interactive digital experience. By leveraging blockchain technology, UXLINK aims to redefine social networking, ensuring a secure, transparent, and rewarding environment for its global community.

Contact Details:
UXLINK Web: https://www.uxlink.io/
UXLINK Twitter : https://twitter.com/UXLINKofficial
UXLINK Telegram: https://t.me/uxlinkofficial

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Blockchain

Taiko Celebrates One Month on Mainnet with Explosive Growth and Ambitious Plans

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Taiko, a based rollup protocol designed to scale Ethereum natively, is proud to mark its one-month milestone on the mainnet with remarkable achievements and a bold vision for the future. Since its launch, Taiko has experienced exponential growth across various metrics, setting the stage for a promising journey ahead.

The mainnet statistics speak volumes about Taiko’s rapid ascent in the Ethereum Scaling L2 space. With a total value locked (TVL) of $138,730,000 and processing an average of 19.53 transactions per second daily, Taiko has swiftly emerged as a formidable player in the ecosystem. Noteworthy milestones include processing 45.3 transactions per second on June 27, reaching a total of 21,575,719 transactions and 108,443 blocks, and attracting 699,616 unique wallets to the network.

A key highlight of Taiko’s recent progress is the transition to permissionless block proposing and proving, making it the first Ethereum-based rollup to offer this feature. The network has seen active participation from 44 unique proposers and 32 unique provers, showcasing a vibrant and decentralized community eager to contribute to Taiko’s growth.

Taiko’s ecosystem has flourished with integrations from over 80 DeFi, gaming, bridge, and other projects. Popular games like Stupid Monkeys, Crack & Stack, and LooperLands have found a home on Taiko’s mainnet, signaling a burgeoning gaming ecosystem. The launch of the TAIKO token on June 5, followed by successful listings on major exchanges and decentralized platforms, has further fueled Taiko’s momentum.

In an innovative move, Taiko introduced the Trailblazers program, rewarding users and dapps with a staggering 12 million TAIKO tokens (10 million for users, 2 million for dapps) for active participation within the ecosystem this season. Nearly 600,000 users have already joined the program, minting over 220,000 Faction badges and engaging in exciting actions across various categories.

Looking ahead, Taiko remains committed to expanding its ecosystem, attracting new protocols, and increasing TVL. Technical advancements, including the upcoming launch of Raiko and continued development of the booster rollup scaling solution, promise to further enhance Taiko’s capabilities.

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Blockchain

Chainlink Data Streams Is Live on Avalanche Mainnet With GMX V2

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Chainlink, the industry-standard decentralized computing platform, Avalanche, a leading blockchain platform designed for speed, scalability, and security, and GMX, a leading onchain perpetual and spot exchange that offers deep, liquid markets for many top crypto assets, have today announced that Chainlink Data Streams has officially launched on Avalanche, with GMX as a launch partner using Data Streams to help power its decentralized perpetual exchange. Chainlink Data Streams unlocks a new generation of high-throughput DeFi markets on Avalanche.

Chainlink Data Streams is the all-in-one data solution for the DeFi market, combining low-latency market data and automated execution to unlock a new generation of ultra-fast and user-friendly high-throughput DeFi products. By supplying high-frequency market data using robust, decentralized infrastructure, Data Streams enables high-throughput DeFi products to create a seamless user experience comparable to CEXs while providing unprecedented onchain execution speed and battle-tested security infrastructure.

“We’re pleased to help power the next generation of high-throughput DeFi products on Avalanche through Chainlink Data Streams,” said Johann Eid, Chief Business Officer at Chainlink Labs. “By offering unmatched speed and resiliency, Data Streams enable DeFi protocols to provide ultra-fast, high-throughput DeFi products while maintaining the high-security guarantees of onchain finance.”

With Chainlink Data Streams, dApps have on-demand access to high-frequency market data backed by decentralized and time-tested Chainlink infrastructure. Chainlink Data Streams features a low-latency, pull-based oracle that provides a continuous stream of real-time market data, allowing dApps to pull information at any time.

“We’re excited to see Chainlink’s low-latency oracle solution on Avalanche,” said Lydia Chiu, Senior Vice President of Business Development at Ava Labs. “Chainlink Data Streams’ low-latency market data and automated execution enable Avalanche ecosystem projects to provide users with industry-leading performance facilitated by decentralized, credibly neutral Chainlink infrastructure.”

“GMX’s Data Streams integration on Avalanche mainnet is all about expanding the success of our GMX V2 launch,” said Coinflip, core contributor at GMX. “Chainlink Data Streams has meaningfully contributed to the decentralized exchange’s speed and resiliency, and we’re excited to bring those same benefits to all the traders and liquidity providers in the Avalanche community.”

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $12 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

About Avalanche

Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs.

About GMX

GMX is a leading onchain perpetual and spot exchange that offers deep, liquid markets for many top crypto assets. With its composable liquidity pools offering market-leading APRs and more than 100 DeFi integrations, GMX forms a foundational liquidity base layer for the Avalanche and Arbitrum blockchains.

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Technologies

Propeller Launches as First dApp Built on River Protocol

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New Web3 Community Platform Aims to Improve Product Feedback and User Engagement

Today, LCA announces the launch of Propeller, the first decentralized application (dApp) built on the open-source communications protocol, River. Propeller is set to transform the way product teams engage with their users, gather meaningful product feedback, and build community.

LCA, renowned for collaborating with top brands like Nike, Reddit, Dropbox, Opensea, and Moonpay, has been consistently developing innovative, community-centric products. Propeller represents an opportunity for legacy social platforms to step into the next phase of community collaboration, emphasizing purpose-built online spaces designed to meet the unique needs of specific communities.

“LCA was founded with the mission of connecting the disconnected through products that bring people together,” said Greg Isenberg, CEO of Late Checkout. Propeller is all about helping early-stage product teams connect directly with users who love (and hate) them. We’re thrilled to see Propeller launch on the River Protocol, focusing on privacy, security, and giving users real ownership in the community. It’s a new era for feedback.”

Propeller challenges the status quo of one-way user feedback systems by facilitating dynamic conversations between users and product teams. On Propeller, users can interact directly with team members, share ideas, and engage with other power users, all while being rewarded for their valuable input. This community-driven approach ensures that feedback is not only collected but acted upon, fostering a sense of belonging and investment among users.

Brian Meek, co-founder and CTO of HNT Labs, the web3 venture studio behind the River Protocol, highlighted the significance of this launch: “The River Protocol was designed to empower communities with enhanced privacy, security, reputation, and ownership. Propeller is a perfect example of how these principles can be applied to create a more engaged and valued user base. We are thrilled to support Propeller as the first dApp on our protocol and look forward to seeing its impact on community engagement and product development.”

With River’s token-gated memberships and on-chain verification, Propeller ensures that product feedback comes from verified community members. Each membership exists as a non-fungible token (NFT), providing proof of early adoption and enabling users to gain reputational value. This integration allows for exciting future opportunities, such as gifting and airdropping rewards based on reputation, granting access to exclusive communities, and offering new feature previews to top contributors.

Propeller is a community platform aimed at enhancing user engagement and collaboration between users and product teams. By leveraging the capabilities of the River Protocol, Propeller is creating a new standard between companies and their most dedicated users, ensuring that every voice is heard and every contribution is recognized.

For more information about Propeller and to see product examples, users can visit propeller.chat.

To get started with River, users can visit river.build.

About LCA

LCA is a product innovation agency under the Late Checkout holding company umbrella. Founded in 2020 by Greg Isenberg and Theo Tabah, LCA is the industry leader in developing ‘Community-Based Products’. Over the last 4 years they have partnered with some of the world’s most notable brands to define their futures and build products their communities love.

About HNT Labs

Here Not There Labs (HNT) is a web3 venture studio dedicated to digital communication innovation, helping online communities engage more efficiently and effectively. HNT Labs has built the on-chain communication platform, Towns, which is built on the open-source protocol, River. HNT is crafting novel communication models that empower online communities with programmable, self-governed spaces, fostering authentic and meaningful interactions. With a commitment to shaping the future of digital connectivity, HNT is supported by significant investment, including a $25.5 million Series A funding from notable firms like a16z crypto, Benchmark, and Framework.

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News

FZF Ventures has the mission to lead innovation in NFT and blockchain technology through different ways

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FZF Ventures is doing its best to secure venture investment and ecosystem in the blockchain and crypto markets.

FZF Ventures announced that it formed a crypto fund in the first half of 2024 and invested $12M in 10 portfolios. It is a portfolio with an outstanding identity mainly in the Ai, Finance, RWA, and NFT fields, and the average IRR is targeted at 250%.

FZF Ventures has secured a blockchain and ecosystem through an investment of 12M, and aims to grow into an NFT securitization 404 project based on this ecosystem.

The NFT securitization 404 project is a global first project and is receiving a lot of attention from various institutions and investees.

FZF officials stated that ecosystem revitalization and securitization work are very useful because most of the portfolios already invested by FZF Ventures are listed projects.

The portfolio invested by FZF Ventures is as follows:

Label Ai, Avalanche, Casper, DVISION, Smart Valor, Assemble Ai, CreBit(Ai), PHR(RWA), Climate101, Kita, Artrix

Official Website: https://www.fzf-ventures.com

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Coincall Announces Strategic Partnership with SOFA.org to Catapult CeFi-DeFi Liquidity

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Coincall, a fast growing crypto exchange that provides the most diverse options and perpetuals for BTC, ETH and over 10 altcoins such as SOL, KAS and ORDI, and SOFA.org, an open-source and non-profit decentralized autonomous organization (DAO) building atomic settlements of financial assets on DeFi, have announced a strategic partnership enabling traders to bridge trading positions across CeFi and Defi.

This collaboration represents a bold step towards democratizing access to innovative financial instruments while ensuring robust security, capital efficiency, and optimized user experience, combining the best of CeFi and DeFi. By leveraging their respective strengths, SOFA.org and Coincall aim to empower all users with the ability to earn from structured products and boost yield on existing risk positions.

Key Benefits to Users Include:

  1. Lower fees by accessing DeFi trading through CeFi unified UI
  2. Boost yield through cross-promotional airdrops on SOFA.org’s RCH and Coincall’s CALL tokens
  3. Utilize DeFi trading positions as CeFi margin, and hedge with CeFi liquidity

These benefits are achieved through the following

New Features:

  1. Purchase SOFA.org products on Coincall directly using USDT: Users can trade SOFA’s structured products anytime using USDT directly on the Coincall exchange, benefiting from ease of streamlined UI and reduced gas costs.
  2. Claim RCH on Coincall: Users can claim RCH rewards from Earn products eliminating the need for on-chain claims and associated costs.
  3. Synergistic Tokenomics: RCH and CALL tokens will collaborate on airdrops, bonuses, and other incentives for their respective communities.
  4. Use SOFA.org product positions as margin: DeFi Positions from SOFA.org’s principal-protected Earn products can be utilized as 100% USDT margin on Coincall, significantly improving users’ capital efficiency. SOFA.org’s RUSDT can also be used to facilitate deposits, withdrawals, margin trading, and fee payments in future phases of the partnership.
  5. Hedge SOFA.org options risk directly using Coincall liquidity: Coincall UI will recognize options positions inherent within certain SOFA.org products and enable users to hedge directly using on exchange liquidity.
  6. Trade RCH and RCH options: The RCH utility token will be listed on Coincall, with plans to introduce RCH options trading, fostering increased liquidity and derivatives exposure.

The SOFA.org-Coincall partnership sets new standards for interoperability and accessibility within the crypto ecosystem. By lowering transaction friction, and boosting capital efficiency across DeFi and CeFi, the partnership helps lower the barrier to entry for structured products and unlocks new opportunities for all users alike.

About Coincall

As the world’s largest altcoin options exchange by trade volume, Coincall provides access to over 10 exclusive altcoin options including SOL, KAS, LINK, FIL, ORDI and more. Backed by ample liquidity across major cryptocurrencies, users benefit from a seamless trading experience with USDT-denominated pricing.

Also, as an innovative derivatives trading platform, Coincall prioritizes asset security through 100% third-party custody. With exceptional customer support, the platform accommodates traders of all skill levels with ‘pro’ and ‘lite’ versions, ensuring accessibility for both newcomers and seasoned professionals.

Website: www.coincall.com
X com: https://x.com/coincall_global
Telegram: https://t.me/CoinCall_Exchange

About SOFA.org

SOFA.org is a decentralized, non-profit, and open-source DAO dedicated to developing a trustless, DeFi ecosystem capable of atomically settling financial assets on the blockchain. The organization’s first protocol will focus on crypto structured products, enabling seamless execution between depositors and market makers through a ready-made dAPP and standardized vaults. SOFA.org is supported by a number of leading DeFi builders and crypto platforms, and more information can be found at https://sofa.org/.

Website: https://www.sofa.org/
Documentation: https://docs.sofa.org/
Telegram: https://t.me/SOFAorg
Discord: https://discord.gg/sofaorg
X.com: https://x.com/SOFAorgDAO
LinkedIn: https://www.linkedin.com/company/sofa-org/
Medium: https://medium.com/sofaorg

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