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Ripple Struggles to Attract Global Banks

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Every day, companies and consumers around the world send over $75 billion in payments through massive network of banks; Without this flow of money, as one would expect, everything simply stops. In an attempt to better serve the banks, Ripple, the San Francisco based tech company, has spent the past six years trying to rewire this global system with what it calls an “internet of value.”

In 2012, the company set out to create its streamlined, decentralized payment system using technology inspired by the blockchain. From the outset, it hoped XRP would be an important part of it. The company owns a very large amount of the digital token XRP, and from late September of last year to early January, the token saw an amazing 1,300 percent increase in value — making the gains of rivals Bitcoin and Ethereum look minuscule in comparison.

XRP in escrow

Most XRP are held in escrow and can be sold only in limited chunks, over time, to avoid crashing the market. There are 100 billion of the tokens and, according to Ripple’s website, the company holds about 61 billion — with a value of $1.31 each today, January 25th, that’s about $80 billion.

One huge plus for Ripple is that XRP, unlike, say, Bitcoin, has just one narrowly defined focus: To help banks move cash from point A to point B quicker and cheaper — especially across borders. For example, the token could be used as a sort of bridge currency. Pesos in Mexico City could be turned into XRP, which could then be turned into baht in Bangkok. Having this sort of payment system could help banks avoid the hassle and expense of tying up money in different currencies in accounts at other banks.

Banks cautious

But here’s the problem: A lot of banks are shying away from the idea of using XRP. In fact, a group of current and former executives at seven global banks — some of whom have partnered with Ripple — said there was a small chance they would trust a cryptocurrency with their funds. The executives requested anonymity. Illustrating further doubt surround XRP, according to an executive in the cross-border payment industry, there was no way they could use an instrument that regulators may never approve.

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Grape launches layer-1 ecosystem to power AI-driven decentralized internet

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Grape has announced the launch of its layer-1 ecosystem, powered by its DAG-based distributed ledger technology, Vine. The Grape team’s core vision is both true decentralization and global mass adoption of blockchain and Web3. For this reason, Grape set out to solve the core issues preventing both, such as Web3 and cryptocurrency being difficult to use or understand for the average person, the fact that almost none of the technologies used in Web3 are truly decentralized, and that there is no seamless ecosystem that can handle the demand needed for complex decentralized applications.

Grape is actively solving these barriers via:

  1. A complete ecosystem — bringing all of the necessary technologies into one ecosystem (decentralized file storage, adaptable smart contracts, DAG layer-1, AI tools, etc.) to create a single environment for the creation of decentralized assets and applications.
  2. True decentralization — creating a DAG core without supernodes or backdoors, making it completely user-powered and therefore 100% decentralized.
  3. Power for the future — the Grape team wanted to allow for the limitless creation of complex applications and content on Grape, so creating a system without hard limits on transaction processing was top priority. This has been achieved through Vine and its advanced node system. Each user node adds an additional 1,000 transactions per second in processing power to Vine. This means that by adding only 15 individual user nodes to Vine, it can be as decentralized as a coin like Bitcoin, with the ability to process as many transactions as major centralized systems like Visa, at 15,000 TPS. Increasing the amount of user nodes, Vine can easily power over 700,000 transactions per second while maintaining absolute decentralization. Nodes can be created easily via the wallet.
  4. Mass adoption — the Grape team believes that hyper simplicity, compatibility and usability are all key to the mass adoption of Web3 and cryptocurrency. For this reason, Grape is building ANNE, its AI Neural Network Engine, which will power its AI smart contract generator. Using this, users will be able to create complex decentralized websites and DApps in minutes to hours, rather than months and years. The Grape team believes that by making blockchain and Web3 easy to use, mass adoption is inevitable. By allowing anyone to produce DApps with text commands, the amount of decentralized sites and applications can go from hundreds a year to hundreds of thousands a year, creating adoption and perpetual growth while fostering ideas.
  5. Compatibility — the Grape team believes that making things as seamless and compatible with the industry as possible is important for the future. Things like EVM compatibility and integration into commonly used Web2 systems are being built into Grape’s core without compromising security and decentralization.
  6. Finance3 — Grape hopes to drive the decentralized finance revolution through key partnerships that combine the convenience of fiat with the privacy of cryptocurrency.

Taking part in Grape

Grape is offering two opportunities for users to get GRP before its full launch.

Grape distribution

The first is through its seven whitelist distribution rounds, where a limited number of people are able to take part in the distribution.

Grape airdrop

The second opportunity is through Grape’s airdrop. Those interested can increase their chances of getting up to $1 million USD in GRP. It involves joining their socials, tweeting about them, joining the testnet and email blasts. For an even better chance at whitelisting and a super drop, users should also invite people to help build the Grape community.

By participating early on in Grape’s platform, users can secure the lowest prices and potentially benefit from their substantial airdrops.

About Grape

Grape is a decentralized layer-1 ecosystem that aims to provide developers with the tools and infrastructure they need to create complex, future-proof Web3 applications. The contact information and social media pages below provide more information about this growing project.

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BGD Labs Announces Integration of Chainlink Automation to Help Automatically Execute Governance Actions for Aave Governance V2 and Aave Cross-Chain Governance

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BGD Labs, a Web3 development initiative focused on the Aave ecosystem, and Chainlink, the industry-standard Web3 services platform, announced today the integration of Chainlink Automation to automate governance actions for Aave Governance V2 and Aave Cross-Chain-Governance on Ethereum mainnet. BGD Labs also plans to integrate Chainlink Automation into different parts of the Aave Governance V3 infrastructure in the future.

The integration of Chainlink Automation removes the need to manually move a contract through the Aave proposal stages. Chainlink Automation checks if a proposal needs to transition between stages or be canceled, and has the ability to automatically execute the required task, minimizing the potential for human error or unnecessary delays in governance processes.

“It’s exciting to work with BGD Labs on another significant milestone for the Aave ecosystem,” said Johann Eid, VP of Go-To-Market at Chainlink Labs. “The use cases we’ve built together make a real and lasting impact on Aave governance and the Aave Protocol, which subsequently affects much of DeFi. In BGD, we’ve found someone we can work with to pioneer new and exciting technologies whose foundations stand upon security, transparency, and greater efficiency for end users.”

Aave is one of the largest decentralized liquidity protocols in the world, and Chainlink Price Feeds have already helped secure billions of dollars of value across Aave’s multi-chain market deployments. BGD Labs’ integration of Chainlink Automation into the Aave governance process helps ensure the efficiency and security of the Aave Protocol as a whole, and expands the Aave ecosystem’s usage of Chainlink services.

“We’re thrilled to have worked with Chainlink Labs on this integration, which supports the efficiency of the Aave governance process,” said Ernesto Boado, co-founder of BGD Labs. “Automation is a key piece of Web3 infrastructure, and by integrating it, we’re taking advantage of another of Chainlink’s battle-tested Web3 services. We look forward to continuing our work together for years to come.”

Governance systems like Aave’s require an Ethereum address to trigger specific state transitions or validations in a permissionless manner. Chainlink Automation removes the need to perform these actions manually, increasing the efficiency of Aave governance processes in a tamper-proof manner.

In February 2023, BGD Labs announced the integration of Chainlink Proof of Reserve (PoR) into the Aave Protocol on Avalanche mainnet. The integration helps to ensure that wrapped tokens in Aave markets on Avalanche are sufficiently collateralized, mitigating risks associated with using wrapped tokens on the Aave protocol and helping protect users as a result.

About BGD Labs

BGD Labs (Bored Ghosts Developing https://bgdlabs.com/) is a Web3 initiative of enthusiasts in decentralized finance (DeFi), governance, and other blockchain technologies. Currently, BGD Labs is fully focused on contributing to the Aave ecosystem.

About Chainlink

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

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

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Massa Ecosystem’s Recent Hypergrowth Analyzed

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Massa’s testnet has become a magnet for more than 16 projects since its launch back in July 2021. Interest towards this innovative blockchain ecosystem has exploded since the beginning of this year. But what is it that makes Massa special?

Massa is an innovative blockchain network that aims to combine high performance with true decentralization from the ground up. The Massa testnet allows anyone to experiment with the protocol and witness its continuous improvements first-hand.

One of the main reasons why Massa attracted so many web3 pioneers in Q1 of this year is that it solves the common challenges that most Layer 1 blockchains face, such as high fees, low throughput, and centralization risks. Furthermore, Massa enables both developers and users to participate in the network governance and support the vision of a fully decentralized future.

The web3 community has clearly recognized the ultimate potential in Massa. The positive feedback from crypto developers reflects the values of the Massa core team, which is fully committed to creating a truly decentralized future. Blockchain developers are very selective and they prefer to build on blockchains that have set a clear goal to remain independent and free from any central authority. This might also explain why Massa has attracted so many projects on its testnet with only a modest seed round of 5 million USD. Unlike most Layer 1 blockchains that depend on millions of USD in ecosystem funds to lure projects, Massa’s organic ecosystem growth is remarkable.

What makes Massa’s vision so attractive to web3 developers?

Massa is a project with a dual vision for Web3’s future. It aims to provide a scalable and reliable infrastructure that allows dApps to operate in a fully decentralized and censorship-resistant manner. It also wants to ensure that smart contracts can survive on the blockchain even if the project that created them goes out of business. To make this possible, Massa hosts smart contracts on-chain and makes them serverless forever.

Additionally, Massa makes it easier for web2 developers to join the web3 movement. It uses AssemblyScript as its smart contract language, which lets any web developer write and deploy smart contracts with no extra hassle. Massa also has some unique features that distinguish it from other blockchains, such as autonomous smart contracts and web3-on-chain. These features make the network more attractive and powerful for both developers and users. The team hopes that Massa will be the platform where some of the most innovative and impactful dApps will emerge in 2023.

The perks of building projects on a supportive network

It’s important to also note that Massa is attracting more and more attention by offering customized support for every project and developer who wishes to join and contribute to its ecosystem. Projects can contact the Massa community tech support, which consists of easy-going and helpful people who are ready to assist newcomers to learn the basics of the technology. The official Discord server welcomes any questions.

The Massa team has set up two main support types geared towards projects that wish to build on the Massa chain:

Grants

Funding for projects is open to anyone in and around the community. All that is required is a creative idea. The team has the ability and desire to offer some financial assistance to the most innovative projects.

Incubation

Providing guidance for projects that require grass-roots assistance, such as initial funding or developer resources. The Massa team will evaluate the projects with strong long-term potential and determine if they meet the criteria for joining the Massa mentoring program.

Massa also offers a range of other services to projects in development, such as:

  • Advice on legal issues
  • Help with the incorporation process
  • Access to useful development resources
  • Additional funding opportunities
  • Marketing services
  • Support with creating a pitch deck, business model and tokenomics

Finally, and perhaps most importantly, it is worth remembering that the team behind Massa has solved the blockchain trilemma, thus creating a network that is secure, scalable and decentralized all at the same time. This is a real innovation in the blockchain space and it’s no wonder that the developers around the world are beginning to notice and want to join the Massa ecosystem.

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Spark Protocol Announces Integration of Chainlink Price Feeds in First for MakerDAO Ecosystem

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Spark Protocol, a protocol powered by MakerDAO, the long-standing DeFi lending protocol behind the DAI decentralized stablecoin, announced today that it has successfully integrated the DAI/USD, ETH/USD, and stETH/USD Chainlink Price Feeds. In doing so, Spark Protocol is bolstering its oracle infrastructure with the industry-leading decentralized oracle network and pioneering the first integration of Chainlink Price Feeds in the MakerDAO ecosystem.

Sam MacPherson, CEO of Phoenix Labs said: “The integration of Chainlink Price Feeds was essential to bringing Spark Protocol online in a timely manner. We feel there is mutual benefit in continuing to build a relationship with Chainlink. Spark is all about openness and collaboration.”

Phoenix Labs is one of the contributors to Spark Protocol. Spark offers the lowest interest rates in DeFi through the D3M (DAI Direct Deposit module). Chainlink Price Feeds are integrated into the protocol’s lending protocol—Spark Lend—to help underpin its lending and borrowing services, which require high-quality price data to reliably price collateral value.

Johann Eid, VP of Go-To-Market at Chainlink Labs, said: “The ongoing collaboration between Chainlink and the Maker ecosystem is a huge win for DeFi. Both Chainlink and Maker are pioneers in this space, and the work being done across both ecosystems will help to ensure the continued success of not only DeFi, but the broader industry as well.”

This integration of Chainlink Price Feeds follows Maker’s integration of Chainlink Automation as part of its Keeper Network in February 2023.

About MakerDAO

MakerDAO is the decentralized autonomous organization (DAO) that powers the longest-standing DeFi lending protocol and enables the creation of DAI, the original decentralized stablecoin.

Governance of MakerDAO is completely decentralized, with proposals tabled and voted on by the Maker Community, comprising people from all over the world. Utilizing an embedded governance mechanism, the decentralized and self-sustaining Maker Community holds sole authority to enact changes to the Maker Protocol through on-chain voting, using the native governance token, MKR.

For more information about MakerDAO, visit makerdao.com.

About Spark Protocol

Spark Protocol is the underlying infrastructure for Spark Lend, a decentralized lending marketplace for supplying and borrowing crypto assets with a special focus on DAI. The Spark Protocol launch is part of the Endgame Era, a long-term restructuring improvement proposal for the DAO.

For more information about Spark, visit sparkprotocol.io

About Chainlink

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

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

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Symmetry Launches Revolutionary Platform for Decentralized Crypto Indices and Actively Managed Funds on Solana

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Today marks a groundbreaking step for decentralized finance (DeFi) on the Solana blockchain as Symmetry launches its highly anticipated User Interface at https://app.symmetry.fi/.

The platform aims to revolutionize the way users manage their portfolios through crypto indices and actively managed funds by providing an all-in-one solution for creating, managing, buying, and selling funds.

Symmetry is a decentralized Crypto Indices and Actively Managed Funds infrastructure layer built on Solana, powered by the Symmetry Engine. This innovative on-chain asset management infrastructure covers everything from on-chain funds, indices, and multi-token liquidity pools, to liquidity routing between indices and decentralized exchange (DEX) aggregators, and public APIs for other DeFi projects to integrate Symmetry products seamlessly.

The platform offers a wide range of opportunities for both fund managers and users. Managers can create and manage funds with multiple tokens that reweigh, rebalance, and refilter according to custom rules defined by the manager, or create a trustless Crypto Index with predefined rules. Users can create their own actively managed funds or indices and buy and sell funds created by other users or protocols.

Symmetry’s liquidity provision feature allows indices and actively managed funds to act as liquidity providers on DeFi aggregators such as PRISM and Jupiter when their token weights deviate from the target weights. This groundbreaking feature not only enables funds to rebalance at zero cost but also generates fees from aggregator users for fund managers and holders, a significant departure from traditional approaches where indices and funds typically pay fees on exchanges to rebalance.

The Symmetry Engine relies on Pyth, a reliable price oracle, to determine true prices for each asset utilized in Symmetry products. This is crucial for funds to accurately determine fund values, rebalancing triggers, and buy/sell values for users.

Example use-cases for Symmetry include decentralized index fund apps, decentralized fund management apps, treasury management tools, retail onboarding apps, copy-trading apps, and investing apps. The platform envisions a future where anyone can create an index fund, manage on-chain funds and portfolio strategies, convert wallet portfolios to funds, and integrate index or actively managed fund tokens for trading.

With the launch of the Symmetry User Interface, the world of decentralized finance on the Solana blockchain is poised to experience a paradigm shift in how users interact with and manage their crypto portfolios. As the platform continues to roll out its full suite of features to all users, the future of Solana DeFi looks brighter than ever.

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New DeFi Protocol, FORGE․SX, Offers Stocks and Other Synthetic Assets on Blockchain Ecosystem

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Individuals seeking to trade real world assets on the blockchain will have a new ally with the launch of the Forge.SX DeFi protocol.

With the convenience of a blockchain-based platform, Forge.SX empowers anyone to mint and trade synthetic versions of real-world assets with the convenience of blockchain technology. There are a number of assets available in the protocol, including commodities, stocks, and even foreign currencies. Popular stocks such as fTSLA are already available on the platform. Several plans are already in motion for the addition of additional stocks in the future.

According to the core team, the reason for offering mint trade of stocks and other synthetic assets is as follows: “As seasoned crypto investors, we understand the value and potential of synthetic assets on the blockchain and want everyone to have access to global financial markets and mint synthetic digital assets regardless of their financial status. Synthetic investments like stocks are among the most valuable. Although risks are involved in stock investment, because the market is regulated, they offer greater reassurance for cryptocurrency investors. We also wanted to diversify the assets available on the platform to attract new investors who are interested in yielding returns with Real World Assets.”

The assets on Forge are called fAssets and can be forged and burned in the Ovens by anyone. As standard ERC-Tokens, assets can only be minted against collateral deposits. Traders can begin by opening an oven using USDC as collateral for the creation of synthetic assets. The crypto trader may then burn the fAssets minted by closing the oven, and they will be able to recover the collateral that has been locked.

Forge.SX is supported by a reliable Oracle data feed that connects the world of Blockchain to the Forge.SX platform. A competent and experienced team is also available at the company, with a strong background in Dapp development and DeFi. In order to provide traders with the best service in the industry, Forge.SX consistently performs research and development. Core Forgers said: “We do our finest to bring safety and value to our investors and remain transparent to inspire confidence in our business model and the future of synthetic assets.”

To learn more about Forge or to start trading real-world assets such as stocks on Forge SX, please visit: https://forge.sx/

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Lambda256 Unveils Luniverse NOVA, the Blockchain Node Service for Web3 Developers

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Lambda256, the blockchain tech arm of South Korean fintech leader Dunamu, has launched a new web3 development service platform named Luniverse NOVA. The platform aims to provide a user-friendly way for developers to build decentralized applications (dApps) on public chains such as Ethereum and Polygon networks, with advanced node service and high interoperable APIs.

Luniverse NOVA comes equipped with a range of features to enhance the efficiency and security of blockchain development and operation. The service offers real-time blockchain node services, multichain API, statistics API, webhook API, and Stream API, which supports different kinds of nodes, including Ethereum and Polygon. The service also provides automatic load balancing, ensuring that nodes remain online and functional during sudden spikes in traffic.

In addition to its advanced features, Luniverse NOVA offers competitive pricing options, with pricing based on factors such as the number of nodes and the amount of data request calls. Celebrating the groundbreaking launch of Luniverse NOVA, Lambda256 has introduced a special promotion for its users. For a limited time, exclusive price discounts on the subscription fees and a limited USDC prize and membership NFT will be given to new users who register for the platform as early birds.

As the only partner in Korea of Polygon DevX APAC Roadshow, Luniverse will participate in upcoming Polygon Global Hackathon as well. “We’re excited to launch Luniverse NOVA and offer not only simple but also reliable way to build dApps to Polygon community,” said a spokesperson for Lambda256. “Developers can build decentralized applications (dApps) on Polygon networks without having to worry about the complexities of node settings and management. With its user-friendly interface, advanced features, and competitive pricing, we believe Luniverse NOVA will become a popular choice for developers looking to take advantage of the Polygon ecosystem.”

With the launch of Luniverse NOVA, Lambda256 aims to further strengthen its position as a leading provider of blockchain technology solutions. The company has been actively working on developing new products and services to help drive the adoption of blockchain technology across various industries. More details of the Luniverse NOVA can be found on the official website.

About Luniverse

Luniverse is a Web3 infrastructure service platform that offers innovative technology such as a development environment, API, and operation tools that allow users to quickly and easily create blockchain services. The development environment allows all developers and companies to apply blockchain technology to businesses and enter the Web3 space without difficulty. Highly efficient blockchain services can be developed and operated with ease thanks to simple network settings, convenient operating tools, and high-performance chains of over 3000TPS. Aiming to become an eco-friendly blockchain, Luniverse dramatically reduced power consumption that can occur during virtual asset mining. As a result, it received certification from DNV, a third-party international organization, and also joined the CCA in working toward a goal of low carbon emissions by 2040.

In 2023 Luniverse will upgrade to Luniverse NOVA, a new version of Luniverse that includes all services required to build Web3, NFT, and other blockchain services. It will introduce blockchain node services, Multichain API for Ethereum and Polygon blockchain development, as well as a dashboard and data indexing features required for easy blockchain service operation.

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Realio Launches a Layer-1 Blockchain to Unite their Multi-Chain Ecosystem for Real World Assets (RWAs)

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Realio, a technology ecosystem for institutional-grade digital real-world assets, announced its official launch of the Realio Network.

The Realio Network is a new, Web3-enabled Layer-1 blockchain in the Cosmos ecosystem. Its design is fully open-source, permissionless, and purpose-built for the issuance and management of digitally native real-world assets. Prior to the launch announcement, the Realio Network was battle-tested for months with a successful testnet, finding participation from 100+ validators.

“The launch of the Realio Network marks the release of a fundamental piece of the Realio technology ecosystem,” said Eduardo Romeiro, Co-Founder & Director of Engineering at Realio. “It will enable everything we envision, from the products we aim to build, the community we strive to work with, and ultimately the users we will reach. A strong foundation is critical to support the vision, and for us, the Realio Network is that foundation.”

With the Alpha release of the Network, Realio exposed the first version of the Realio Asset Model, a model used to allow the issuance and transfers of user-created assets. Any asset tokens created on the Network can be hosted on several Layer-1 blockchains that are connected to a single interoperable ecosystem, creating a safe and secure harbor. The multi-chain feature is initially made possible through a user-controlled, chain-agnostic issuance account created for each new asset, allowing asset tokens to be bridged across multiple blockchains while maintaining a parallel, immutable smart tracking ledger that allows for compliance controls.

The Network has built-in EVM compatibility and features a native dual-token public Proof-Of-Stake (PoS) consensus mechanism for both Realio’s utility token, $RIO (Realio Network Token), and its hybrid digital security token, $RST (Realio Security Token).

A Base Layer for a New, Real-World Based Metaverse

The Realio Network will host the base layer for a real-world-based metaverse, the realioVerse, and support the forthcoming Freehold Wallet app, a non-custodial, multi-chain DeFi wallet app built on Realio’s blockchain infrastructure.

Those looking to participate in the Network can do so through staking and reward claiming, among other activities.

To learn how to get started, visit https://realio.network/.

About Realio

Realio Technology LTD is the technology company developing the Realio Platform (https://realio.fund), the Realio Network (https://realio.network), realioVerse (https://metaverse.realio.network), and the Freehold Wallet app. RST (a digital security) is issued by Realio Network LTD, a British Virgin Islands company, representing equity rights to 100% of the shares of the company, and is the wholly-owning parent company of Realio Technology LTD.

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Quantum Resistance Corporation to Secure and Support Grantees to Build Layer 2 Post-Quantum Secure Applications Within the QRL Ecosystem

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The Quantum Resistant Ledger (QRL) is investing significantly in applications and resources that can withstand the imminent threat of quantum computing advancements. Today, the QRL announced a grant to the Quantum Resistance Corporation (QRC) to provide a community security program for other QRL grantees, which are using the distributed network and post-quantum secure blockchain technology to securely build Layer2 applications and protocols. The QRL is the only blockchain that utilizes a signature scheme approved by the United States National Institute of Science and Technology (NIST) as being post-quantum secure.

The focus of the QRC grant project announced today includes a partnership with threat intelligence firm RedSense, to provide service for other QRL grantees. These services currently include netflow-based security for the distributed QRL environment, a community security program for QRL grant groups, and monitoring and security for all core QRL infrastructure. In time QRC will support the marketing and promotion of projects that result from QRL’s work to grow the community of post-quantum secure developers and the offering of future-proof digital solutions. Early projects likely to receive funding include groups running computer systems for mining and building Layer 2 protocols with the QRL, which can opt into the security services and other support offered by QRC.

“We are on the brink of the greatest shift in cryptography technology since the invention of the computer. Yet as this monumental shift is happening, the world is largely unaware,” said Dr. Iain Wood. “That’s why the QRL community is committed to supporting the top post-quantum secure distributed network and blockchain and empowering our community members to use the QRL technology to advance solutions for post-quantum secure environments.”

Grants are available to those interested in building Layer 2 post-quantum secure applications. The goal of the QRL grant program is to generate projects in support of the QRL ecosystem in the areas of open source tools, education, open source infrastructure, post-quantum research, community, and public goods. The grant program is an opportunity to get involved with a cutting-edge open source project and build on the QRL to power the post-quantum secure smart contract platform. The goal is to grow the nascent post-quantum web3 ecosystem together as a community.

The QRC is the recipient of a $500,000 initial grant investment to encourage the use of the distributed QRL platform, community building, and security.

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Matrixport Successfully Integrates NEAR Protocol & NEP-141 Token with its Cactus Custody Institutional Offering

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Matrixport, one of the world’s largest and trusted digital assets financial services ecosystems, today announced that its institutional qualified custodian service, Cactus Custody, has integrated with NEAR Protocol, a rapidly growing Layer 1 blockchain ecosystem.

The partnership enables seamless support of the NEAR Protocol across all Matrixport services on Cactus Custody. This offers institutional clients an added layer of confidence in safeguarding their native NEP-141 NEAR token assets. Additionally, NEP-141 compatible projects can optimise DeFi operations to further catalyse growth via Cactus Custody’s robust DeFi connectivity solution.

Institutional-grade custody has become the cornerstone in building resilient, scalable and sustainable projects, as investors seek reliable and secure ways to manage their operational risks and store their digital assets.

Wendy Jiang, Head of Cactus Custody said, “We are delighted to collaborate with the NEAR Foundation to bring to life its vision of a blockchain operating system. The successful NEAR integration reflects our ongoing commitment to offer critical support services to projects and institutions. Such collaborations with industry-leading foundations enables us to develop and offer market relevant solutions to benefit institutions seeking to create value in a complex and evolving blockchain landscape.”

Marieke Flament, CEO of NEAR Foundation, said “Our goal at NEAR is to democratise access to Web3 and make it simple to use. Through the launch of the Blockchain Operating System and the integration of important platforms such as Cactus Custody’s institutional offering, we are on track to achieving our ambition to bring Web3 to different audiences – including investors, and to do so in a secure and reliable way.”

Cactus Custody, with its advanced custody solution, has emerged as the leading custody services provider in the market by employing advanced HSM cryptography that eliminates the critical attack vector of private keys. With a focus on creating a developer and user-friendly platform, this partnership will enable NEAR to reach a broader audience and ultimately bring the ecosystem closer to achieving its goal of mass web3 adoption.

About Matrixport

Matrixport is one of the world’s largest and most trusted digital assets financial services ecosystem. The company’s services include prime brokerage, Cactus Custody™, spot OTC, fixed income, structured products, lending as well as asset management. Matrixport serves individuals as well as over 800 institutions across Asia and Europe.

For more information, please visit www.matrixport.com

About NEAR

NEAR is a collective, a foundation, and a development platform built on a new layer-one blockchain but also a developer-friendly, proof-of-stake, public blockchain. The climate-neutral platform is built on a sharded, proof-of-stake, layer-one blockchain designed for usability. The NEAR protocol allows developers to quickly get started using NEAR without having to rewrite existing dApps or learn new development tools.

For more information, visit https://near.org/

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