Web3-based gaming is growing in popularity minute by minute with no less than six billion dollars invested in web3 gaming projects in the first half of 2022. Even so, there is a clear lack of a reliable solution for crypto gaming because gamers and major game publishers tend to be wary of Web3 games. GameSwift’s vision is to change the dynamic, create a platform to enjoy, develop, and build strong communities while onboarding the next million of players into the world of web3.
What’s there to know?
One of GameSwift’s defining aspects is that it will not be limited to a single gaming platform. The project has lofty goals, such as becoming an all-encompassing location for all Web3 gaming needs. Beginning with the platform, which will function similarly to its Web2-based forerunners of digital distribution in granting users easy and quick access to a comprehensive catalog of games, GameSwift will offer a wide range of tools and services for all Web3 gaming aficionados, which includes both players and builders.
Moreover, to help save valuable time and effort researching different gaming projects and finding relevant information, the GameSwift team will cherry-pick high-quality gaming projects and list them on the platform. Doing so eliminates the need to navigate multiple websites in order to find, download, and run a game. Essentially, GameSwift provides a platform for users to launch and test the games they find appealing within the app, allowing them to find quality projects that are easily accessible and therefore making the entire process more streamlined and quicker.
What kind of opportunities can GameSwift provide?
Apart from providing an innovative and memorable gaming experience, the Platform will also include investment opportunities. Users will be able to benefit from simple onboarding for INOs and IGOs on the GameSwift Platform while also utilizing the advanced SocialFi tools and services provided. In this way, GameSwift offers a unique experience which not only has something for everyone, but also actively contributes to the inevitable transition to Web3.
Moreover, the GameSwift team recognized the contemporary difficulties posed by the Web3 gaming environment, chief among which is the apparent absence of a decentralized and configurable gaming infrastructure. Web3 game developers are hence already working on projects that span a multitude of competing, non-interoperable blockchains. To support cross-chain interoperability and the continued growth of the Web3 gaming sector, a well-developed infrastructure will be required which is precisely why GameSwift introduces its specialized solutions that enable all users to use blockchain technology seamlessly. Wojciech Gruszka, CEO of GameSwift, says “The GameSwift ID is a flagship product that makes users feel comfortable navigating Web3”, which is one of the most important aspects when it comes to both gaming and Web3 in general.
Safe use of blockchain technology?
The GameSwift team recognizes the need to implement dependable security features which is why they are putting a well-known single sign-on solution on the blockchain. Users won’t have to jeopardize their security by storing multiple passwords or seed phrases as they only need one account and one set of credentials to launch multiple dApps (decentralized applications) and games as well as access all of their digital assets with GameSwift ID.
This increases personal security while reducing the entry barrier for crypto newcomers. The team wants users to consider the possibility of signing into their favorite game using a single account, such as Google or Apple ID, rather than multiple wallets, chains, and networks. Not only is this more effective, but it is in fact the only solution of its kind presently available on the crypto market.
Is it easy to use?
It is important to note that the GameSwift ID will be much more than a quick way to sign in. After logging in to the platform, users will get to browse through numerous projects and create their own gaming profiles to monitor their game achievements and statistics as well as compare them to other gamers. All of this without having to perform multiple complex actions, master cross-chain transfers, or switch between wallets.
Due to its simplicity, GameSwift ID thus serves as an entry point into the Web3 world for users who may be new to crypto.
Furthermore, GameSwift is incorporating a built-in wallet as part of the ID functionality, which can be connected to other major Web3 wallets such as MetaMask, WalletConnect, Trust Wallet, or Phantom. The team also intends to expand the wallet’s availability beyond EVM-compatible chains such as Solana and Near.
Additionally, developers won’t need to learn any blockchain-specific programming languages to deploy their apps, enabling them to concentrate entirely on producing the best possible product. This is all thanks to GameSwift SDK. Whether they write in Python, Java or C#, GameSwift offers a distinctive set of tools for all developers interested in developing high-quality blockchain-based projects.
If you’d like to participate in empowering the next generation of web3 games and are a passionate creator who aims to bring to life an immersive web3-based gaming adventure, the applications are now open. Fill in the application form here to launch your game with GameSwift!
GameSwift is a game-changing product that is reshaping the entire Web3 gaming industry. As a decentralized and community-driven ecosystem, it provides all of the elements required to create a true Web3 gaming empire.
The four well-designed and integrated pillars of the GameSwift ecosystem are Chain, Web3 Infrastructure, Platform, and Gaming Studio. Also, GameSwift’s unique infrastructure enables game developers to cleverly implement blockchain technology and share in-game resources while allowing players to fully enjoy their gaming experience.
GameSwift is hence best defined as a 360-degree platform for game developers and gaming studios, offering all of the tools required to launch Web2 games into the Web3 environment, as well as a space for dedicated gamers who wish to participate in the burgeoning crypto industry and become a part of Web3.
Lastly, the list of GameSwift products appears to be endless, but the important thing to note is that they are all focused on providing the best possible user experience while enticing traditional gamers to try out Web3 games. With such a vision in mind, the GameSwift team is working hard to deliver the promised tools, and it appears that the first products will be released sooner than expected. CEO Wojciech Gruszka says there will not be a need to wait until 2023 for the crypto and blockchain community to take its first look at the GameSwift Platform.
OnePlanet To Provide Polygon-dedicated Launchpad Services
NFT Marketplace, OnePlanet, is presenting its launchpad service to support the Polygon NFT ecosystem. By commencing an NFT launchpad service dedicated to the Polygon ecosystem, OnePlanet now brings new collections to be minted and launched on the Polygon network.
Since OnePlanet’s marketplace launch on Polygon this September, the project has supported the revival of more than 60 Terra-based NFT collections on Polygon. At the same time, OnePlanet listed Polygon-based NFT projects such as the Move-to-earn (M2E) project TRACER and metaverse project The Mars, establishing OnePlanet as a leading marketplace in the Polygon NFT ecosystem.
The first project to use OnePlanet’s launchpad is “Derby Stars,” a P2E blockchain-based horse racing game, dropping 1,000 free Randombox NFTs through Allowlist and Public sales. Derby Stars already had their second and third pre-sale through OnePlanet’s launchpad on Terra, setting the record of selling out in 1 minute and 30 seconds. A Unique Horse from the third pre-sale was sold for over $40,000 on a gamified live auction launchpad.
OnePlanet will provide a launchpad customized to suit each project’s needs and concepts. For example, different types of launchpad mechanisms, such as English and Dutch auctions, will be introduced. Various other gamified features will be added to the launchpad for unique minting experiences. Trading with the project’s native tokens will also be available on OnePlanet. Moreover, OnePlanet offers bountiful marketing support for their launchpad partners, such as bridging partnerships with other projects, influencers, and communities in the Polygon Ecosystem.
Pryce Cho, CEO of OnePlanet, said, “OnePlanet has been working closely with Polygon Studios to expand the Polygon NFT ecosystem and the upcoming launchpad service will contribute to accelerating its growth.”
Lastly, the Reddit Avatar Collections, also built on Polygon, were recently listed on OnePlanet, bringing significant attention to the ecosystem. Crazy Defense Heroes and $TOWER from Animoca brands will also soon be onboarded on OnePlanet as well.
Polygon’s low-cost, carbon-neutral, and highly efficient infrastructure is a perfect foundation for NFT creators to launch their projects. The network already boasts a highly composable ecosystem of over 37,000 decentralized applications (dApps), which include leading NFT and Metaverse projects such as Decentraland, The Sandbox, NFT Worlds, Cryptovoxels, Somnium Space, and others.
OnePlanet is a Polygon-based NFT marketplace, where holders can define and expand the utilities of their NFTs. Starting as a marketplace to trade NFTs, OnePlanet also provides Social features to enable meaningful communication between holders and Technical infrastructure to accelerate a project’s development.
Polygon is the leading blockchain development platform, offering scalable, affordable, secure and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with 37,000+ decentralized applications hosted,1.94B+ total transactions processed, 164M+ unique user addresses, and $5B+ in assets secured. The network is home for some of the biggest Web3 projects such as Aave, Uniswap, OpenSea and well-known enterprises including Meta, Stripe and Adobe. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.
Xiphera and Flex Logix Publish Joint White Paper on Solving the Quantum Threat with Post-Quantum Cryptography on eFPGA
Xiphera Ltd, a Finnish company designing and licensing cryptographic IP cores for FPGAs and ASICs, announced today that it has published a new white paper with Flex Logix, the leading supplier of eFPGA IP. The paper explains how advances in quantum computing technology threaten the security of current cryptosystems and how this can be averted with Post-Quantum Cryptography (PQC) running on embedded FPGAs (eFPGAs.)
While quantum computing and its development offer answers to various computational problems, they also threaten the security of current cryptosystems. PQC systems respond to this growing quantum threat because they are based on mathematical problems that cannot be solved efficiently with Shor’s algorithm, or by any other known quantum computing algorithm. When PQC is implemented on eFPGA, it can provide the crypto agility that customers need to change the PQC algorithms, yet provide the performance, power and cost savings over other alternatives.
“PQC is expected to happen within the next few years, so companies developing chips that need to be operational for 10+ years, should build in crypto agility in their chips today,” said Kimmo Järvinen, Co-Founder and CTO of Xiphera. “Using eFPGA as implementation platforms for PQC enables a smooth and secure shift from traditional cryptosystems to the new PQC systems.”
“SoC designers need the ability to change algorithms as needed without sacrificing power and cost savings to address algorithms evolving over time,” said Andy Jaros, VP of Sales for Flex Logix. “If PQC is implemented on an eFPGA platform, then all forthcoming updates and algorithm modifications can be supported by simply reprogramming eFPGA. In addition, it is also possible to retro-fit PQC into systems that already have eFPGA included in the SoC.”
Details on the White Paper
Many organizations and associations will require PQC support on security systems in the near future. However, these requirements and the continuously changing PQC landscape requires a new level of crypto agility and the ability to update and change cryptographic algorithms in deployed systems.
The white paper discusses implementation of PQC algorithms on eFPGA and how this can deliver tremendous advantages to SoC designers. Not only can it allow the updating of PQC algorithms according to their development status, but it also enables designers to combine PQC with traditional cryptosystems and existing crypto modules in order to protect against unlikely but possible failures of the new PQC systems.
About Xiphera Ltd.
Xiphera, Ltd, is a Finnish company designing hardware-based security solutions using standardised cryptographic algorithms. We have strong cryptographic expertise, extensive experience in system design, and deep knowledge on reprogrammable logic, enabling us to protect our customers’ critical information and assets.
Xiphera’s product portfolio consists of secure and efficient cryptographic Intellectual Property (IP) cores, designed directly for Field Programmable Gate Arrays (FPGAs). Our widely applicable solutions for various end markets offer our customers peace of mind in a dangerous world.
For more information, visit https://xiphera.com/.
About Flex Logix Technologies Inc.
Flex Logix is a reconfigurable computing company providing leading edge eFPGA and AI Inference technologies for semiconductor and systems companies. Flex Logix eFPGA enables volume FPGA users to integrate the FPGA into their companion SoC, resulting in a 5-10x reduction in the cost and power of the FPGA and increasing compute density which is critical for communications, networking, data centers, microcontrollers and others. Its scalable AI inference is the most efficient, providing much higher inference throughput per square millimeter and per watt. Flex Logix supports process nodes from 180nm to 7nm; and can support other nodes on short notice. Flex Logix is headquartered in Mountain View, California and has an office in Austin, Texas. For more information, visit https://flex-logix.com.
Tenderly Introduces the Web3 Gateway for Its All-in-One Blockchain Development Platform
Tenderly, creators of an industry-leading Web3 development platform, today announced the Tenderly Web3 Gateway, an integral part of the Tenderly platform that expands the offering to cover the whole Web3 development lifecycle. This node-as-a-service solution gives developers easy access to blockchain and enables blockchain development teams to focus their engineering power on critical activities when building and improving their dapps.
Tenderly Web3 Gateway is a fast, reliable, and easy-to-scale node solution that enables Web3 developers to handle read-heavy workloads with consistent data. As a result, smart contract developers can read, stream, and analyze blockchain data, including archive data, essential to their research, analytics, and dapp-building process. The Tenderly observability stack indexes over nine billion transactions across more than twenty blockchain networks, so extending the offering with a reliable node-as-a-service solution aligns with the platform’s core capabilities.
Before adding the Web3 Gateway, the Tenderly platform provided critical Web3 infrastructure, ran 50 million simulations monthly, and helped Web3 developers build dapps that incorporated transparency and predictability into their transactions before sending them on the blockchain. With the addition of the Web 3 Gateway, the Tenderly platform ends the cycle of developers piecemealing various tools together. Now, developers can use the web3 development platform that is end-to-end and cohesive.
“Our goal has always been to help Web3 developers overcome the complexity that comes with developing in a fast-growing Web3 industry,” said Andrej Bencic, CEO and co-founder of Tenderly. “We will always support developers in the blockchain industry to build groundbreaking products while simultaneously lowering the barrier to entry for newcomers. With an all-in-one Web3 development platform, smart contract developers have everything they need to build reliable, compelling dapps faster while boosting their team’s velocity and collaboration.”
The Tenderly Web3 Gateway is fully integrated with the Tenderly platform, equipping developers with the necessary components to build their dapps while avoiding development silos and cutting time and cost. The Tenderly development platform covers all aspects of the smart contract development lifecycle, from the ideation and development phase to testing, deployment, and production.
By adding the Web3 Gateway to the stack and bringing complete integration across the platform, Tenderly offers a unified and professional Web3 developer experience. Now, engineers have access to the most comprehensive development tooling, observability, and infrastructure building blocks, removing friction from the otherwise arduous process of dapp development. The platform supports over 20 Ethereum Virtual Machine (EVM)-based networks to let development teams build, test, debug, monitor, and operate smart contracts.
The Tenderly platform empowers Web3 development teams to build their products confidently by offering everything in one place. In the development phase, smart contract developers can rely on Debugger and Transaction Simulator to reduce troubleshooting time and figure out why transactions fail by previewing different outcomes.
With the observability features, developers have greater visibility into the on-chain activity, making blockchain data more accessible and usable. Combining these insights with custom, real-time alerting, smart contract developers get a reliable monitoring solution that helps them react fast to unpredictable scenarios and gives them better control over their smart contracts on-chain.
Tenderly also has a multifaceted infrastructure offering that provides flexible APIs, including a widely adopted Simulation API that integrates into dapps to increase users’ confidence by simulating different scenarios. Users also rely on Web3 Actions to build programmable serverless hooks to smart contract events to accelerate product development.
“We will continue building an ecosystem that supports Web3 developers globally,” added Bencic. Driven by open collaboration and innovation, Blockchain represents the future of software. By listening to our users and taking a developer-first approach to building our products, we will work to enhance the Web3 developer experience further and lower the barrier to entry.”
“It’s awesome to work with the Tenderly team. Their support and execution are world-class, and the team constantly pushes the boundaries of developer tooling. Now, with Tenderly Web3 Gateway, we are excited to unify our development environment and have all we need in one place,” said Felix Leupold, technical co-founder at Cow Swap
“Tenderly’s development tools and observability stack have become essential to our flow these past few years. For instance, Tenderly Simulations already enabled us to provide a better user experience to our customers. And now, with the fast and reliable Web3 Gateway node, Tenderly makes all aspects of our development process as easy as possible,” said Samyak Jain, co-founder and CTO at Instadapp.
Tenderly is an all-in-one Web3 development platform for building, testing, monitoring, and operating smart contracts from inception to mass adoption. It provides Web3 developers with superior development experience by combining essential tooling with observability and infrastructure building blocks. Tenderly allows smart contract developers to accelerate their process, improve team velocity, and build better and more reliable products faster. Founded in Belgrade, Serbia, in 2018, the company has a multi-continent presence, including an office in San Francisco. Tenderly is funded by Spark Capital, Accel, PointNine Capital, Abstract Ventures, Coinbase Ventures, Uniswap Labs, Daedalus, and angel investors. For more information, visit www.tenderly.co, the Tenderly blog, Twitter, and LinkedIn.
XT.COM Launches Version 4.0 With Latest Updates, Enhanced Features and Brand-New User Experience
October 27, 2022
XT.COM, the world’s first socially infused trading platform, has launched version 4.0 for an enhanced user experience. The system upgrade was successfully carried out from 02:00 to 14:00 on October 25, 2022 (UTC).
The new version ensures a smoother operation, simpler functions and improved flow of transactions and other processes. The upgraded XT platform should attract more users globally and provide existing users with improved trading experience regardless using the mobile app or via web browser.
The launch of XT.COM’s version 4.0 trading platform marks a milestone in XT.COM’s newly improved trading experience. Currently, XT.COM ranks in the TOP 30 on CoinMarketCap and has introduced more than 500 digital assets and 800 trading pairs including large market cap coins, DeFi tokens, NFTs, Metaverse-related projects, and many new assets on both XT.COM Main and Innovation Zone.
For this occasion, XT.COM will be hosting a special event with up to $165 reward for the first 1,000 participating users in the event that will be announced shortly.
New Features & Advantages of XT Version 4.0
- QR Code Logins: You can now log into your account by scanning a QR code. If you own a mobile device with version 3.15.0 and above, you can access the new features on XT.COM’s homepage.
- Improved Security: The new 2FA authentication eliminates all potential security concerns with weak passwords. This ensures all the transactions such as deposit and withdrawal are reliable with the new authentication features. The new “security level” metric also makes sure that the user is offered the utmost security while using the platform.
- Enhanced Assets Features: The new Assets page has features that include an overview section of all assets. Including an order feature to view all workflows of different accounts, and a comprehensive upgrade of fund records of each account.
- Better Withdrawal Process: The withdrawal process is much simpler in the new version, making the system more efficient and secure. Apart from the easy process, the system now displays a pop-up screen that offers security tips to users for a better experience.
- Detailed Account Settings: The new Accounts page provides a detailed overview of the account including the income status, the status of products, overview of different currencies, and a newly-deisigned order of the account information for better search efficiency.
- Optimized Deposit Page: The new Deposit page provides details of recent recharge records and recharge status. On the web page, it also has an FAQ section to help new users.
- Optimal trading support: The “asset management” function has been added to the Transaction page for efficient transactions. All the trading pairs can be viewed under the new “Current Order” section of the page.
With the updated version of the website and the app, XT aims to attract more users and provide a hassle-free experience for all users. XT.COM will keep striving for more secure, professional, efficient, and transparent financial digital assets services and products for users all around the globe.
By consistently expanding its ecosystem, XT.COM is dedicated to providing users with the most secure, trusted, and hassle-free digital asset trading services. Our exchange is built from a desire to give everyone access to digital assets regardless where you are.
Founded in 2018, XT.COM now serves more than 6 million registered users, over 500,000+ monthly active users and 40+ million users in the ecosystem. Covering a rich variety of trading categories together with an NFT aggregated marketplace, our platform strives to cater to its large user base by providing a secure, trusted and intuitive trading experience.
As the world’s first social-infused digital assets trading platform, XT.COM also supports social networking platform based transactions to make our crypto services more accessible to users all over the world. Furthermore, to ensure optimal data integrity and security, we see user security as our top priority at XT.COM.
CryptoQuant Becomes First On-Chain Data Provider for CME Group
CryptoQuant, a leading on-chain data platform, has become the official provider of on-chain data for CME Group’s Datamine. This on-demand platform allows traditional financial institutions to access detailed historical data.
Being the first and only on-chain data provider of CME Datamine in July 2022, CryptoQuant offers its data via CME Datamine, which enables traditional financial institutions and hedge funds to purchase the data from the CME Group platform. They can now get digital asset data from CryptoQuant via the CME Group Datamine service.
CryptoQuant data is recognized globally as the most reliable source of complex on-chain data for Bitcoin, such as exchange flows, miner flows, long-term holders, and many others.
Used by many trusted media such as Forbes, Bloomberg, and CNBC, CryptoQuant has also worked with Valkyrie Fund to develop an overview of the Bitcoin market, contributing to Valkyrie’s Bitcoin Futures ETF approval in the US.
Previously, CryptoQuant developed a patented wallet verification technology that served anti-money-laundering services in 2019. CryptoQuant collaborated with the Korean National Police Agency in tracking and arresting the infamous criminals behind the Nth Room scandal. CryptoQuant has since grown exponentially, used by retail traders in over 200 countries and over 200 institutional clients.
“Digital asset investment was considered dangerous speculation compared to other assets such as stocks, gold, or properties. This bias has formed as there was no reliable information in this industry, and investors were purchasing digital assets without a data-based analysis,” said CryptoQuant CEO Ki Young Ju. “CryptoQuant’s main goal is to enable investors to redefine the way of digital asset investment, and to provide fundamental for digital asset valuation based on the data.”
As more traditional financial institutions expand to digital assets, the importance of reliable on-chain data, delivered through already familiar tools, will increase ever more. With the partnership with CME Group, CryptoQuant is expected to become the staple of the traditional financial industry and is actively recruiting new hires to meet the institutions’ demands.
CryptoQuant is backed by Hashed, Galaxy Interactive and other major ecosystem investors.
CryptoQuant lowers the hurdles of data-driven investing by saving research time and decreasing the knowledge gap. The firm provides key data insights with intuitive and customizable charts, a community-driven feed of education and news, real-time alerts for time-critical events, pro charts for top investors and traders, and data API sources for trading institutions. Instead of numbers curation, CryptoQuant offers digestible information that is both actionable and timely. It provides the most comprehensive data based on on-chain, derivative market, and sentiment and narrates it in community-based insights. CryptoQuant has the largest monthly visitors among other data providers, with visitors from over 200 countries and paid users spending over four hours weekly to gain the insights needed for success.
Hashed is an investment firm that focuses on blockchain. The firm’s focus is on contributing to a decentralized future through investment, community building, and support. Hashed works to enable their portfolio companies to penetrate the global market seamlessly and bootstrap their communities as well as the company-building process. As an early investor in Kakao’s Klaytn and Line’s LINK, Hashed has invested early in many successful blockchain projects of Asia tech giants. The firm also runs ‘Hashed Lounge’ as a co-working and offline meet-up space for early blockchain projects.
Immersion Liquid Cooling Systems from BOX TECHNOLOGY
Happily, the immersion liquid cooling boxes were launched in 2022 after two years of research and development. At the same time, Box Technology launched a crowdfunding project on Indiegogo this month, because they had the vision of helping the mining community increase profits through mining equipment without harm to our planet.
BOX TECHNOLOGY specializes in immersion liquid cooling solutions. Customer satisfaction is their top priority. These immersion cooling boxes are popular in international markets, especially in North America.
Having communicated with worldwide crypto-mining customers, Box Technology company found what they have concerned about most is how to increase the hash rate and lessen annoying noise. Considering that some domestic and foreign enterprise giants have introduced immersion cooling technology into their data centers, making their servers run stably, decreasing breakdown and saving power. Inspired by this application, in 2020 the Project Manager conceived the idea of applying this sophisticated and costly technology to mining farms worldwide, benefiting crypto-mining people with better cost-performance immersion cooling products.
Now some companies have presented water-cooling miners. Water, however, has no chance of contacting the chips, so heat dissipation is not ideal. At the same time, it’s easy for scale deposits to form. Differently, Box Technology’s solution, with miners completely immersed in the oil liquid, performs better in both heat dissipation and noise reduction.
However, the research and development process is not always smooth. On the contrary, they encountered a lot of difficulties, even pains. For instance, there is no standard norm for immersion liquid cooling. Because large-scale application cases are few, immersion liquid cooling solution has not formed a trend in the mining industry. And no countries or sectors have formed a standard in this regard. They tried their best to create their way. To better meet customers’ requirements, the design is based on UL certification.
Additionally, they had to overcome these difficulties, such as making the circulation system smooth, avoiding electric shock, simplifying installation, designing remote control, and adding a coolant filtering device. Two-year great efforts of the R & D team found solutions to all of these matters, providing users with the best experience.
Meanwhile, as a responsible enterprise, BOX TECHNOLOGY uses environmentally-friendly dielectric fluids, namely, non-toxic, harmless, and easily-dissolved, to respond to the idea of green sustainable development. In the early days, they contacted and selected plenty of single-phase fluid components suppliers and ultimately found several reliable ones.
As we all know, immersion liquid cooling product is a new thing, meaning that there is still a long way to go before popularity and recognition by markets and their team must make great efforts in marketing and promotion. Optimistically, there is no doubt that immersion liquid cooling will be the trend and mainstream in future mining.
Paxos Settlement Service Nears $50 Billion in Settlement Volume Since Launch of Commodities Hub
Paxos, the leading regulated blockchain infrastructure platform, confirms the Paxos Settlement Service has settled nearly $50 billion in total commodities. The Paxos Settlement Service for Commodities streamlines the settlement process to handle all complexity for market participants across gold, silver, platinum and palladium. Importantly, the service allows for a centralized operational process for settlements with counterparties that are both on and off the Paxos network.
The Paxos Settlement Hub delivers efficient, cost-effective, safer settlement with full transparency on the movement of both metals and cash in a single user interface. The Paxos Settlement Hub is now an all-encompassing network that, in addition to streamlined settlement, offers the options of simultaneous settlement with other Paxos Settlement customers. This ensures safe settlement for trading counterparties that are not yet Paxos customers. By connecting the London Precious Metals Clearing Limited and the cash-based correspondent banking network, Paxos allows customers to pre-fund and multilateral net settlements, creating a single platform where settlement occurs for both metals and cash.
Anoushka Rayner, Paxos’ Head of Commodities Growth, commented, “While the over the counter (OTC) market offers many benefits, it also creates operational complexity and introduces settlement risk for participants. The lack of standardization and optimization leaves firms open to unnecessary risks as settlement occurs via different networks. However, those risks can be mitigated with the right technology. The Paxos Settlement Hub for Commodities is the first platform to connect the metals and cash settlement networks. Due to the Paxos Trust Company underpinning settlement, payments are easily managed and errors are minimized. Furthermore, funds are also securely held in a bankruptcy-remote account, fully segregated. Paxos makes settlement transparent and seamlessly controls the swap of metals and cash.”
The network growth for Paxos Settlement Hub looks very promising as banks increase their pace to adopt services to not only bring efficiency today, but to also future-proof their technology strategy for the digital transformation on the horizon.
Paxos will attend the LBMA/LPPM Precious Metals Conference 2022 in Lisbon from October 16-18, 2022. To learn more about the benefits of the Paxos Settlement Service or request to meet our team, visit www.paxos.com.
Paxos is the leading regulated blockchain infrastructure platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way.
Paxos uses technology to tokenize, custody, trade and settle assets. It builds enterprise blockchain solutions for institutions like PayPal, Interactive Brokers, Mastercard, MercadoLibre, Nubank, PicPay, Bank of America, Credit Suisse and Societe Generale. Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital and PayPal Ventures. Paxos takes a global approach to modernizing the financial system.
Meet Versailles Heroes: the addicting MOBA NFT-based game sweeping the gaming industry
Non-fungible tokens, commonly known as NFTs, are growing in popularity nowadays as their benefits go beyond simply owning digital assets. NFTs are digital representations of real-world objects such as art, music, videos, and many more. This means that it can be applied to anything, and video game developers have been utilizing this trend to offer gamers a more exciting gaming experience. NFT-based video games enable players to earn rewards in crypto, which can be exchanged for real money.
The newest MOBA NFT-based game, Versailles Heroes, is sweeping the crypto and gaming industry by storm. It is now the fastest-growing blockchain game, given that players may make money or earn rewards simply by playing. Versailles Heroes has a lot of interesting and exciting gameplay, which makes it a highly preferred game above others in the same field.
What is “Versailles Heroes”?
Versailles Heroes is a multiplayer online battle arena game managed by smart contracts for DAO governance and operates in the GameFi and Metaverse sectors, intending to have a game that players can fully control. To achieve the ultimate open, fair, decentralized governance model, the developers have placed their business and governance regulations on the blockchain.
How does it work?
The playable NFT heroes of Versailles come in various classes and rarities, each with their unique set of abilities, skills, and powers to discover and master. Some are free, while others are purchasable through the marketplace or drop from mystery boxes, which are also available in the marketplace. The heroes can also equip unique weapons dropped from the weapon mystery box. Players can gain bonuses that boost the number of game tokens rewarded through gameplay based on their hero’s rarity, weapon, and ranking.
Playing to earn with Versailles Heroes
Game players can pick from various modes, including standard battle modes like battle royale and death-match, as well as inhibitor rush mode, trophy collecting mode, and wager battles where they can gamble tokens and win large. A player can earn virtual gMOH tokens by playing each game mode, which can then be converted to the official P2E cryptocurrency token MOH at a 1:1 ratio and stored in a crypto wallet to be traded for other crypto or fiat currencies.
Furthermore, MOH tokens can be converted into GAS, which is utilized to increase mining yield. Guilds mine the DAO governance token VRH for their members and can increase their reward rate by up to 2.5 times by burning GAS converted from MOH. Players must lock up a certain amount of VRH for veVRH in order to join a guild. veVRH represents the voting weight for various community-pitched proposals that can affect the direction of the game and its community, allowing for the dynamic growth of the game’s ecosystem.
Gamers are anticipating the full release
Versailles Heroes is an addictive MOBA NFT-based game sweeping the gaming industry. The game is easy to pick up and play and is extremely exciting. The game has a great community and is full of awesome content, and is definitely worth checking out as it is sure to keep players entertained for hours on end.
NetSPI Introduces Deployment-Inclusive Blockchain Security Services
NetSPI, the leader in enterprise penetration testing and attack surface management, today announced its new deployment-inclusive blockchain penetration testing service. The company will provide a comprehensive, full-spectrum evaluation of blockchain-based deployments to enterprises by utilizing its decades of penetration testing expertise, coupled with its understanding of the architecture’s unique security concerns.
Its blockchain penetration testing services will evaluate all deployment models, including private, permissioned, consortia, and public, and various distributed ledger technologies including ConsenSys Codefi, R3 Corda, Hyperledger Fabric, custodial platforms and public chains, and more.
“Blockchain’s biggest innovations are below the surface,” according to the Forbes Blockchain 50 2022. The world’s largest organizations are now using distributed ledger technology to manage daily operations, from verifying insurance claims to tracking auto parts in the supply chain. Organizations are recognizing the scalability, competitive advantages, and revenue opportunities it presents.
“As adoption skyrockets, technology and security teams will need to quickly develop their blockchain acumen to support and protect these solutions – this begins with identifying and addressing people, process, and technology gaps,” said Travis Hoyt, Chief Technology Officer at NetSPI. “Our new blockchain penetration testing service line demonstrates NetSPI’s commitment to be relentlessly future focused, so our customers can be too.”
Enterprises currently leveraging or evaluating the potential of blockchain can partner with NetSPI to improve the security of their deployments. To learn more about NetSPI’s blockchain penetration testing services, visit www.netspi.com or contact us. Or connect with Travis during NetSPI’s Breakfast & Blockchain virtual, live event on November 3.
NetSPI is the leader in enterprise penetration testing and attack surface management. Today, NetSPI offers the most comprehensive suite of offensive security solutions – attack surface management, penetration testing as a service, and breach and attack simulation. Through a combination of technology innovation and human ingenuity NetSPI helps organizations discover, prioritize, and remediate security vulnerabilities. For over 20 years, its global cybersecurity experts have been committed to securing the world’s most prominent organizations, including nine of the top 10 U.S. banks, three of the five largest healthcare companies, the leading cloud providers, and many of the Fortune® 500. NetSPI, a KKR and Ten Eleven Ventures portfolio company, is headquartered in Minneapolis, MN, with global offices across the U.S., Canada, the UK, and India.
GMT Token builds data centers in Norway
GMT Token’s team is expanding geographically and has launched a new data center in Norway.
The new 20-MW data center is located near Oslo. One of GMT’s main goals is possessing the newest and most energy efficient equipment, so 2,950 new Antminer S19 miners have been installed. The number of miners at the data center is expected to increase. Because GMT strives to minimize any potential carbon footprint, the equipment will be operated by hydroelectric power.
The mining gear is located in a highly secure area with security and round-the-clock video surveillance. The miners will be cooled via an air ventilation system.
The team’s plans for 2023 are to expand and increase the company’s capabilities with Norwegian partners. In accordance with standard structures, the team will use a portion of the resources for social and environmental projects.
The temperature of the miners, for instance, is going to be maintained using cutting-edge immersion cooling. Hot water from the immersion cooling system will then be recycled for use in Norway’s agricultural sector, industrial and social programs.
Norway is one of the most environmentally friendly countries in the world. It is focused on green energy. Having a data center in this region helps to increase the project’s level of environmental friendliness and that of the crypto industry overall.
GMT’s Certik-audited smart contract was created on April 26, 2021, with the firm launching its computing power-backed token. The project’s goal is to simplify the mining process for everyone by handling the logistics, providing around-the-clock uninterrupted service, and securing energy-efficient consumption costs. There are currently over 18,000 GMT token holders receiving daily bitcoin mining rewards without the hurdles of physically maintaining equipment. During the project’s existence, GMT has increased the hash rate of the device park from 100,000 TH/s to 735 000 TH.
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