The VeChain Foundation is no stranger to innovation. As pioneer of many blockchain applications that have tangibly benefitted the real economy, the Foundation has a history of solving pain points across a diverse array of industries.
Today, the VeChain Foundation and [email protected] (SYME); the fintech company behind the unique ‘Inventory Monetisation©’ platform, announced the signing of a strategic alliance. The outcome will be a first-of-its-kind ‘Web3’ Inventory Monetisation System that utilizes blockchain, stablecoin and NFT technology to help creditworthy businesses raise value from their inventories and provide companies with entirely new kinds of economic services.
Web3 – Decentralized Business, Distributed Token Economies
Phase one of the collaboration is already underway, with initial results due by end July 2022. The goal is to develop a proof-of-concept platform able to generate and deliver a blockchain transaction to an Italian company from SYME’s client portfolio via the VeChainThor public blockchain.
Following analysis and review of phase 1, the project will move to phase 2 and the development of a full Inventory Monetisation Platform by December 2022. Complete with a full roadmap of Web3 features, including the issuance of Non-Fungible Tokens (“NFT”) that represent digital ownership of physical items, B2B marketplaces, decentralized financial applications and an overall governance protocol, the platform promises to unlock brand new capabilities for manufacturing and trading companies
During the second phase, the VeChainThor public blockchain will be utilized to mint the phygital (physical + digital) NFTs, with Inventory Monetisation transactions funded by multiple liquidity providers including crypto asset managers and retail investors, exploring an enhanced commercial non-credit financing model.
The overarching aim of the collaboration is to create an entirely new kind of fintech platform for use by manufacturing and trading companies looking to generate cash flow via a non-credit approach and without incurring debt. The outcome is the creation of a highly unique and novel solution for creditworthy companies to optimize inventory management and improve cash flow.
A Brave New Digital World
On this new model, Alessandro Zamboni, CEO of [email protected] said:
“We are delighted to have reached this important milestone, eagerly anticipated by ourselves and our shareholders, to secure the first inventory monetisation transaction. Given the innovative nature of our product offering, the digital asset world is an ideal provider of funding for our unique asset class. Notwithstanding the recent turbulence in the crypto market, the digital economy will play a crucial role in supporting pioneering businesses like [email protected]”
“As [email protected] continues to scale, we are mindful of the evolving nature of the commercial and international trade, whereby digital assets are becoming increasingly popular among investors and have the potential to revolutionise the traditional financial services industry. They can also support and educate it for the future, boosting confidence in investing in new structures such as our Inventory Monetisation transactions. By embarking upon this alliance with the highly respected VeChain, an organisation that is unique in the sustainability and supply chain sector, we are working to ensure the business is future-proof and highly scalable. In parallel, we continue to progress our own traditional funding routes which remains strategic for our business model.”
Sunny Lu, CEO of VeChain, said:
“We are always looking to join hands with innovative companies pushing the fore of digital technology. VeChain has demonstrated its ability to dream up, and subsequently deploy innovative ideas and ecosystems that harness the revolutionary power of blockchain. We recognised the same potential in [email protected] and their novel TradFi-DeFi inventory management service. We look forward to collaborating with them to co-develop these new systems and provide businesses with an entirely new method of raising value from Inventory Monetisation.”
Massive Adoption Continues
The VeChain Foundation continues to pioneer revolutionary new applications of blockchain technology that serve the real economy. In doing so, the VeChainThor public blockchain further cements its prestige and reputation as the go-to solution for enterprises looking to digitize their service offerings via blockchain. With accommodating blockchain regulations unfolding across the globe, VeChainThor stands ever ready to onboard the large volumes of new business that approach the industry, providing efficiency, transparency and generating new value throughout global value chains.
Launched in 2015 as a private consortium network, the VeChain Foundation went on to launch the VeChainThor public blockchain in 2018, a fully programmable, EVM-compatible layer one smart contract platform.
Its unique two-token model ensures stable, low transaction costs while an advanced Proof-of-Authority (PoA) consensus mechanism guarantees high throughput, scalability, and security with minimal energy consumption. VeChainThor’s robust architecture has seen zero downtime for the network after almost 4 years of continuous operation.
Strong independent capabilities combined with the professional compliance guidance of strategic partners PwC and DNV has seen VeChain to establish partnerships with leading enterprises including Walmart China, Bayer China, BMW Group, BYD Auto, PICC, H&M Group, Shanghai Gas, LVMH, D.I.G, ASI Group and more.
VeChain continues to pioneer real-world blockchain applications across the globe with offices in Luxembourg, China, Singapore, San Marino, Milan, Ireland, Japan, France, and the United States, working on wide-ranging applications from supply chain & logistics, sustainability & SDGs, carbon emissions, energy, medicine, De-Fi, NFTs and much, much more.
Metaverse Company RFOX Introduces CitiXens Avatars in RFOX VALT
CitiXens, a collection of 10,000 limited-edition, VR-enabled avatars, enhances the RFOX VALT’s metaverse experience.
AUGUST 11, 2022: RFOX, the company that created the RFOX VALT metaverse, today introduced CitiXens, a limited-edition collection of 10,000 VR-enabled 2D and 3D avatars that will form the core of the RFOX VALT’s civilization and governance.
Out of the 10,000 CitiXens avatars in the RFOX VALT, 1,300 are being created as special OG CitiXens, bearing premium features, higher benefits, and better rarities. OG CitiXens will be available for whitelist and public sale events on September 9 and 10, respectively. In addition, thousands of CitiXens will be offered in a Dutch auction on September 30.
Participants who join the sale events for CitiXens will receive a minted CitiXens Pod, which will evolve over time and result in the emergence of a CitiXen. Owning a special limited-edition OG CitiXen Pod will result in possessing an OG CitiXen, as well as access to future NFT drops and other OG-exclusive items.
Each CitiXen comes with its unique set of random characteristics, including RFOX VALT quarter origin, appearance, gender, and more. All CitiXens belong to one of four civilizations, which are based on the four quarters of the RFOX VALT metaverse: the Callinova art quarter, the Arkamoto gaming quarter, and the upcoming music- and science and technology-themed quarters that we now call Terravaldi and Kolaxy, respectively.
A select few CitiXens will bear special crystals that set them apart from the rest rarity-wise. In addition, CitiXen holders will have full Creative Commons (CC0) IP rights to their CitiXens, unlocking premium opportunities for commercialization, creativity, and more. Other benefits that come with each CitiXen include governance and voting rights in the CitiXen’s quarter of origin, NFT staking privileges, eligibility for use in the KOGs Mint Lab, and potential privileges that may emerge in the future.
Additional benefits that come with the purchase of OG CitiXens include higher rarities and special traits on their avatars, double the voting rights of a normal CitiXen, a complimentary claimable CitiXens NFT, tiered staking eligibility, and more OG-exclusive benefits in the future.
“Today, we are unveiling a new era in the exciting future for the RFOX VALT metaverse. The creation and development of CitiXens represent a major step in turning our vision for the RFOX VALT into reality, while allowing our community to vote on future developments in their respective quarters. These CitiXens arrive with compelling stories, use cases, and aesthetics. We can’t wait to share this new world of opportunities with our community and the bigger metaverse space, starting with the upcoming whitelist and public sale events for OG CitiXens,” RFOX CEO Ben Fairbank said in a statement.
RFOX is a metaverse company with a mission to be the global leader in immersive metaverse experiences focused on retail, media, gaming, and rewards, through the RFOX VALT metaverse. Since 2018, the company has built the RFOX ecosystem of products and solutions that include online games (RFOX Games), white-label NFT platform (RFOX NFTs), DeFi products (RFOX Finance), digital media platforms (RFOX Media and RFOX TV), and more. Its main token is RFOX, the digital asset that fuels the RFOX metaverse ecosystem and its immersive technology.
NULS Partners With Suisse Blockchain – Incubator With Its Own IDO Platform
NULS Blockchain is delighted to announce its partnership with Suisse Blockchain. The partnership is a blending of expertise, as Suisse Blockchain is rooted in marketing and regulatory compliance; NULS is grounded in blockchain and multi-chain technologies. Both are committed to a future where blockchain startups are enabled to grow and market their vision for the future of blockchain. Together, NULS and Suisse Blockchain are creating and supporting an IDO and incubator platform.
Blockchain is known for its technical and legal complexities – high barriers for blockchain startups to navigate. The mission of Suisse Blockchain is to lower those barriers and enable startups to grow without the limits of potential roadblocks. In other words, to facilitate blockchain startups to shape their future.
Streamlining the Incubation Process
The Suisse Blockchain team works hand-in-hand with the NULS team, continually strengthening the security and the future of the upcoming projects. Blockchain is an evolving technology with constantly changing rules and regulations. It is important to navigate the immediate while keeping sight of the future. Suisse Blockchain takes care of that through code auditing, due diligence research, and a deep commitment to regulation. The foundation of Suisse Blockchain is the legal framework of the forward-looking Swiss DLT-Law.
This collaboration enables blockchain ideas and visions not yet dreamed of to flourish. As more blockchain startups appear with new ideas and concepts combined with the Metaverse-bound future, Suisse Blockchain will be there to provide assistance and guidance.
NULS is excited to join with Suisse Blockchain in contributing to the predictable and unpredictable shape of the future of the blockchain space.
NULS, Singapore, provides a blockchain infrastructure boasting cross-chain consensus, a multi-chain mechanism, and smart contract support. Their combination of two blockchains, the NULS and the NerveNetwork blockchain, allows for fast speed and comparatively low transaction costs.
Its multi-chain wallet NABOX provides Suisse Blockchain with the ability to interact with multiple chains. This enables the blockchain startup incubator to host IDOs for projects from a variety of platforms and is not restricted to BNB or ETH. Being able to utilize 20+ blockchains is a technical advantage uncommon in the industry.
About Suisse Blockchain
Suisse Blockchain is a company based in Chur, Switzerland. Founded in 2022, Suisse Blockchain is the first blockchain startup incubator created on the Swiss DLT-Law framework allowing the project to be secure and progressive when it comes to regulations. The blockchain-experienced team takes care of the creation, acceleration, and later expansion of the company utilizing one of the most cost-effective and future-proof blockchain platforms.
Satoshiverse brings their epic comic characters to Quidd
Aug 1st, 2022, New York – Quidd is proud to announce the newest collection of Mintable NFTs with the epic NFT comic universe Satoshiverse. The Satoshiverse is a comic NFT collaboration between premiere metaverse studio Apollo Entertainment and legendary DC and Marvel comic artist and creator of the first NFT comic book, Jose Delbo. It tells the story of the half-man, half-machine hero, Satoshi The Creator, and his quest to save the world from the Defenders of Fiat and the many other foes attempting to strip the people of their freedom. Together, Apollo Entertainment and Delbo are creating a universe of blockchain themed superheroes that will change the way comic storytelling is told through gamification and Web 3 technology.
In a first appearance with Quidd, on August 5, 2022, the Satoshiverse will be launching a collection of interactive, 3D augmented reality-enabled digital figurines NFTs featuring the heroes of the Apemo Army – a team of half man, half animal superheroes lead by Captain Apemo, Delbo’s superhero creation based on his Bored Ape Yacht Club ape. Through Quidd’s Mintables technology, collectors can buy into the collection with fiat and then mint their items seamlessly on-chain, with no crypto required.
Ranking award holders from the Satoshiverse x Quidd collection will unlock access and discounts to Satoshiverse’s much anticipated Apemo Army avatar mint, dropping August 22, 2022. To earn these awards, collectors will compete to collect these 3D heroes across all color rarities which will be tracked on a leaderboard. The top 10 ranking collectors on the leaderboard will earn a Gold Captain Apemo digital figurine mintable NFT and free minting for the Apemo Army avatar collection. Spots 11-50 are awarded a Silver Captain Apemo digital figurine mintable NFT and a 50% discounted mint. And spots 51-200 will win a Color Captain Apemo digital figurine mintable NFT and a 20% discounted mint.
The Satoshiverse x Quidd collection drops on August 5th, 2022. The later avatar collection will give collectors exclusive early access to Apollo Entertainment’s much anticipated Satoshi’s Legions play and earn video game.
The Satoshiverse is an epic comic NFT collaboration between premiere metaverse studio Apollo Entertainment and legendary DC and Marvel comic artist and creator of the first NFT comic book, Jose Delbo. It tells the story of the half man, half machine hero, Satoshi The Creator and his quest to save the world from the Defenders of Fiat and the many other foes who are attempting to strip the people of their freedom.
The Satoshiverse combines the work of some of the best 2D and 3D artists in the space to create a blockchain based superhero universe with the goal of changing the way comic art is consumed by creating engaging gamified storytelling experiences. After the successful release of its avatar collection “Satoshi’s Legions – The Legionnaires” in November of 2021, Apollo Entertainment and Delbo are at it again with the release of a new high fidelity animated 3D avatar collection called “the Apemo Army” which introduces to the Satoshiverse Delbo’s beloved character Captain Apemo and the part human part animal heroes that form his army. Set to be released on August 22, 2022, the collection will give collectors exclusive early access to Apollo Entertainment’s much anticipated Satoshi’s Legions play and earn video game, which the Apollo Entertainment team is developing in Unreal Engine 5 and is set to be released in Alpha in December 2022. To learn more about Apollo Entertainment’s new collection visit: https://www.satoshiverse.io/apemo-army
About Apollo Entertainment
Apollo Entertainment is a premier NFT and metaverse consulting, curation, and production firm. Through its consulting arm, Apollo Entertainment provides consulting, management, and promotional services to top artists and brands wishing to enter the NFT space or improve their NFT offerings. A veteran of the NFT industry, Apollo NFT has consulted on some of the most significant NFT releases to date. Through its production arm, Apollo Entertainment works with artists and brands to produce top-quality art NFTs taking advantage of the latest technologies. This allows Apollo Entertainment to be a true 360 NFT and metaverse solution for artists and brands alike.
Quidd, a subsidiary of Animoca Brands, is the original digital collectibles and NFT marketplace. Since 2016, Quidd has worked with the world’s most prominent brands, including Disney, HBO, Funko, and over 300 others, to bring fan-first collecting to digital and blockchain platforms. The Quidd marketplace is the most innovative, robust, and accessible platform for digital and NFT collecting experiences.
About Animoca Brands
Animoca Brands, a Deloitte Tech Fast winner and ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, and gamification that is working to advance digital property rights and contribute to the establishment of the open metaverse. The company develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing popular intellectual properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Grease Monkey Games, Eden Games, Darewise, Notre Game, and TinyTap. Animoca Brands has a growing portfolio of more than 340 investments, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas, and others. For more information visit www.animocabrands.com or follow on Twitter or Facebook.
Quidd: [email protected]
Apollo: [email protected]
DigiFT Launches Decentralized Security Token Exchange
DigiFT has successfully listed a one-month security token issued by Diners Club (Singapore) Private Limited (“DCS”) on August 1st, 2022. It is the first launch of a regulatory-compliant security token on a public chain (Ethereum) with an Automatic Market Maker (AMM) liquidity pool.
Unlike a conventional exchange, the AMM automatically provides sufficient market liquidity without requiring active market makers to list buy and sell orders. With AMM, liquidity providers contribute their security tokens into liquidity pools managed by a smart contract and earn commissions when traders swap the security tokens.
DigiFT, founded in 2020 by Wanli Li and Henry Zhang, is striving to be the first regulated decentralized security trading exchange and is currently operating in the Monetary Authority of Singapore’s FinTech Regulatory Sandbox (“Sandbox”) as an exempt Recognised Market Operator with a Capital Markets Services Licence. The blockchain-based exchange is the first decentralized finance trading platform admitted into the Sandbox. It facilitates the primary offering and secondary trading of security tokens backed by financial assets. As a result, investors can trade directly from their digital wallets after completing a know-your-client onboarding process.
DCS is a franchisee of Diners Club International Ltd., a direct banking and payment services company owned by Discover Financial Services, one of the most recognized brands in U.S. financial services. The company has a cardmember base of approximately 250,000 in Singapore as of June 2022.
Mr. Henry Zhang, the CEO of DigiFT, shared, “The completion of the maiden security token offering on our decentralized exchange is a major milestone. Our clients now are the first in the world that can trade real-world assets on a public blockchain. We enable companies to access an alternate source of capital and provide secondary liquidity for investors simultaneously. It showcases our team’s technology and financial expertise while highlighting the value proposition of blockchain technology when applied to finance in a regulatory-compliant manner.”
DigiFT aims to provide regulated decentralized finance solutions on the Ethereum public blockchain. We are launching the first regulation-abiding digital asset exchange. Asset owners can issue blockchain-based security tokens on our platform, and investors can trade with continuous liquidity via the Automatic Market Maker mechanism. We are a global outfit backed by well-established venture partners. The founding team originates from Goldman Sachs, UBS, Citibank, and Morgan Stanley. It has deep blockchain technology knowledge, having successfully developed digital asset exchange and products in the past.
ShapeShift Integrates WalletConnect v1.0, Keplr, XDEFI and Tally Ho Wallets, Expanding App Access to a Potential Million+ New Users
ShapeShift DAO, a decentralized, non-custodial cryptocurrency platform and community, announced today that their open-source web app is now integrated with the WalletConnect v1.0 protocol as well as Keplr, XDEFI Wallet and Tally Ho wallets. These integrations potentially represent over a million qualified new users: WalletConnect provides a gateway to hundreds of ETH and EVM-compatible wallets and DApps and is chain agnostic; Keplr is the trusted wallet of the Cosmos ecosystem; XDEFI Wallet supports over 10,000 assets/DApps across 11 blockchains; and Tally Ho is a free, open-source, community-built Web3 wallet. Combined with ShapeShift’s current wallet and chain support, app.shapeshift.com users can more easily manage all of their DeFi activities non-custodially and without fees. ShapeShift already supports more wallets, chains and protocols than any other free, community-owned crypto application.
“ShapeShift DAO is working hard to build the best interface to the decentralized universe: a single app where users can seamlessly interact with aggregated DeFi protocols across chains,” said Willy Ogorzaly, Head of Decentralization for ShapeShift DAO. “At our core, we believe the ultimate interface should be open-source, community-owned, decentralized and free. This needs to exist but doesn’t yet, so that’s what we’re building. We also believe the ultimate interface to the decentralized universe should support many wallets, and we’re excited to finally welcome the 1M+ users of WalletConnect, Keplr, XDEFI Wallet and Tally Ho to ShapeShift.”
WalletConnect is an open-source Web3 communications protocol connecting wallets and DApps. Its decentralized messaging backend enables a wallet to connect and interact with another wallet or DApp using a QR code or deep link. Because of its encrypted security, convenience and ease of use, WalletConnect is built into over a hundred leading wallets as well as hundreds of DApps. In this first integration, ShapeShift’s application will support WalletConnect v1.0’s ecosystem of wallets—in an upcoming release, WalletConnect support will expand to enable ShapeShift users to connect to any DApp that supports WalletConnect and execute transactions from any wallet supported by app.shapeshift.com.
“WalletConnect is thrilled to provide the infrastructure support enabling ShapeShift to connect with a growing ecosystem of wallets and users,” said Pedro Gomes, CEO of WalletConnect. “Our protocol enables any wallet and any DApp to connect with one another in a secure and seamless experience. We are excited to welcome ShapeShift as a partner and look forward to building the future of Web3, together.”
Keplr is an open-source browser extension wallet for the Cosmos interchain ecosystem, also recently available for mobile devices. It provides the most flexible and versatile account management and wallet functionalities for all Cosmos SDK-based blockchains and is the preferred and most widely used wallet for Cosmos users. ShapeShift announced native wallet support for Cosmos functionality in April; supporting Keplr is an extension of the DAO’s commitment to the Cosmos community.
XDEFI Wallet is a non-custodial, multi-chain wallet that allows you to securely store, swap and send crypto and NFTs across 11 blockchains. XDEFI Wallet is trusted by more than 80,000 users and has a five-star rating after 180 reviews in the Google Chrome store. Its native integration with THORChain as well as other leading DEXs and bridges means users can seamlessly swap and bridge across chains from a single wallet.
Tally Ho is an open-source and community-owned wallet built to support decentralized communities. Paralleling ShapeShift’s core ethos and principles, Tally Ho is built on openness through its product, culture, code and community. The Tally community is also aligned with ShapeShift’s vision for a multi-chain future, and we look forward to enabling Tally for other chains that ShapeShift supports as soon as Tally supports them.
Since 2014, ShapeShift has been pioneering self-custody for digital asset trading. Today’s ShapeShift DAO is an engaged community of builders working to advance the state of crypto trading, investing and access to open, decentralized financial systems. Our web and mobile platforms empower users to safely buy, hold, trade, invest and interact with thousands of digital assets such as Bitcoin, Ethereum and Cosmos.
All Chains, All Protocols, All Wallets. Share Our Vision at app.shapeshift.com.
TRON’s Mission to Create an Internet for All, Defining Decentralization
Geneva, Switzerland / July 27 / – TRON was established in 2017 with the vision to decentralize the web, and it has aligned its mission to follow that purpose over the last five years.
For most blockchains, decentralization is a central theme. It’s a form of administration that delegates power to individuals; as a result, users are able to contribute to and own a piece of the network.
The four elements of TRON’s decentralized architecture are the protocol, nodes, assets, and dApps. Decentralization encourages putting the power in the hands of the people, which is why TRON took its commitment to decentralization to the next stage in December 2021, by dissolving its foundation and establishing itself as a community-governed Decentralized Autonomous Organization (DAO).
Decentralization of the Protocol
TRON aims to empower developers and users to create and share content without limitations. It uses the Delegated Proof-of-Stake (DPoS) consensus mechanism to manage its blockchain. Only elected nodes can approve transaction blocks, unlike a PoS system, which allows anybody with enough assets staked to do so. This structure enables users to safeguard the network by delegating their staked assets through a mechanism of incentives.
Every blockchain network uses a consensus mechanism, and DPoS is one of the most efficient consensus algorithms available. DPoS consumes less energy and completes transactions faster than PoW (Proof-of-Work) or traditional PoS systems. Every six hours, the TRON community elects 27 block validators to serve as “Super Representatives” (SRs) in the ecosystem.
Due to the numerous advantages, many blockchains have transitioned to a DPoS mechanism to power their networks. Regardless of the amount of staked TRX or how many votes SRs receive, each SR has identical voting power on the TRON network, ensuring that the governing percentage per SR is equally balanced.
Decentralization of Nodes
Nodes are the foundation of every blockchain network. As a result, any examination of decentralization must evaluate them. TRON’s geographical diversity in nodes makes it more secure and durable.
Decentralization of Assets
The distribution of native assets, as well as their availability, also contributes to the blockchain’s decentralization. The amount of TRX wallets has risen at a tremendous pace with a 134% increase in one year, from about 26 million in July 2021 to over 61 million by July 2022. The network’s popularity and user base grow with more TRON wallet users and will continue to contribute to the network’s decentralization. Today there are over 100 million user accounts on the network, and the number of users is growing daily.
Decentralization of dApps
The number of dApps, smart contracts, and users is also noteworthy for decentralization. The TRON Grand Hackathon is an outstanding opportunity for budding entrepreneurs and their ideas to grow the TRON network. The various projects submitted during the Hackathon contribute to the diversification of the ecosystem by providing numerous dApps that continue to develop it.
To learn more about TRON’s decentralization and review what the historical data shows, read the “A Deep Dive Into Decentralization” report on https://trondao.org/blog/.
About TRON DAO
TRON is dedicated to accelerating the decentralization of the internet via blockchain technology and decentralized applications (dApps). Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of July 2022, it has over 104 million total user accounts on the blockchain, more than 3.6 billion total transactions, and over $11 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently, the over-collateralized decentralized stablecoin USDD was launched on the TRON blockchain, backed by the first-ever crypto reserve for the blockchain industry – TRON DAO Reserve, marking TRON’s official entry into decentralized stablecoins.
CoinLoan Upgrades Its Cybersecurity Thanks to Collaboration With Blaze Information Security
Cybersecurity vulnerabilities remain a pressing problem in the crypto sphere. In the first quarter of 2022, crypto companies globally lost a whopping $1.3 billion in hacking attacks. Some experts predict this number may rise further because cyber crimes have become a frequent occurrence. Under such conditions, the ability of CoinLoan to ensure zero-incident safety is impressive indeed.
The CoinLoan’s ultimate safety close to perfection is achieved through its aspirations to constantly improve and upgrade cybersecurity standards. One of such moves is the recent collaboration with Blaze Information Security, a reputable cybersecurity firm that helps top banking institutions, FinTech companies, and crypto projects strengthen their protection against any kinds of attacks. To do so, Blaze analyses and tests a company’s security measures, aiming to find any vulnerabilities and offer more efficient configurations to eliminate threats. This partnership is sure to bring the new standards of cybersecurity and enhance safety for CoinLoan’s users.
Blaze was testing CoinLoan’s security system for 15 days, having conducted several targeted attacks on its platforms. This way, it simulated the highest possible impact. The testing revealed impressive results, as the CoinLoan team managed to shield all attacks within a 2-hour response period. Blaze appraised high-security standards of the crypto lender and its deep knowledge of potential threats.
While testing CoinLoan’s security system, Blaze used such industry standards as OWASP Top 10, OWASP Top 10 Mobile, and OWASP API Security Top 10. Besides, it applied additional testing methods developed through its vast experience to challenge CoinLoan’s resilience to threats in the following areas:
- Business logic issues
- Race conditions
- Currency rounding manipulation
- Financial fraud scenarios
- KYC circumvention
- Data leaks
During the testing, the Blaze and CoinLoan teams cooperated in finding any weak spots in the security system. In all cases, CoinLoan specialists managed to tackle all issues quickly and effectively.
Commenting on the cooperation, CoinLoan CTO Max Sapelov said: “While CoinLoan’s security experts regularly perform internal security audits and code reviews and our Bug Bounty program lets white-hat hackers test our system for bugs and vulnerabilities, we believe that every company that puts the highest priority on security must undergo penetration testing by a professional third-party auditing company. We chose Blaze because they have the experience and know-how needed to test specific factors unique to the crypto sphere.”
“Over the past six years working with financial institutions, we have successfully completed over 1,500 penetration testing projects,” said Julio Cesar Fort, the Managing Partner & Director of Professional Services, “In that time, we have seen multinational banks with untold numbers of cybersecurity issues, and crypto companies struggling to stay on top of the rising tide of crypto-related cybercrime. Our team was very impressed with CoinLoan’s initial security standards, and we are proud to have helped them further strengthen these standards and provide their customers with a transparent look at the steps they are taking to keep their investments safe.”
There are never too many security measures in the crypto industry teeming with cyber threats. The companies that care about their good name and clients’ safety should exert every effort to strengthen their protection system. In this regard, outsourcing expert advice may help them eliminate any vulnerabilities to ensure the solid security of clients’ funds.
Compass Mining Announces 75MW Site Expansion with Compute North
Compass Mining, the world’s first and largest online marketplace for bitcoin mining hardware and hosting, is proud to announce its hosting partnership with Compute North at its Granbury, Texas TIER 0™ data center for 75 MW.
Compass Mining’s newest large-scale deployment will begin in August continuing for several months. Compass expects to deploy 25,000 ASICs to Wolf Hollow, including a variety of next generation Bitcoin miners such as the Antminer S19XP, Antminer S19j Pro and Whatsminer M30S++.
Compute North hosts a variety of large scale and publicly traded Bitcoin mining firms such as Marathon Digital Holdings. Compass Mining is proud to work alongside premier hosting provider Compute North. Compute North maintains the ability to scale up additional hosting capacity in Granbury from 300 MW to 600 MW.
Located in Granbury, Texas, the facility is powered by a 1.1 gigawatt (GW) combined cycle natural gas-fueled plant. Recognized as one of the cleanest facilities of its kind in the country and operated in assistance with the Energy Reliability Council of Texas (ERCOT), the plant uses both advanced gas turbine designs and air cooling to decrease carbon emissions and water dependency.
The Compute North TIER 0™ data center will provide a fully curtailable load to ERCOT as part of the demand response program, bringing stable energy loads to Texas at scale, while being able to shut down at a moment’s notice should the grid need excess capacity.
Miners understand the importance of speed in this market. That’s why Compute North has chosen RK Mission Critical’s containerized solutions to allow for scalable operations. Built in the USA, these high-performance mining containers are constructed under strict quality standards that make each complex procedure controlled and repeatable.
Each container can hold up to 2 MW of machines, or about 560 ASICs. The firm’s commitment to quality has made them the standard for all things Bitcoin mining containers.
Compass Mining also hosts a variety of Whatsminer and Antminer units with Compute North at their Nebraska data center. We look forward to continued collaboration as we democratize access to Bitcoin mining.
About Compass Mining
Compass Mining is a bitcoin-first, proof-of-work mining hardware and hosting company on a mission to strengthen Bitcoin’s network by democratizing hash rate. Compass’ mining marketplace offers easy procurement, deployment of mining machines, and resale for enterprise and retail clients. Compass also produces industry-leading research and educational content through a variety of tailored media product offerings. Mining is a notoriously opaque sector of the Bitcoin industry, but Compass now guides everyone’s path to successfully mine bitcoin. Thanks to Compass, now everyone can mine bitcoin.
For more information on Compass Mining, visit https://compassmining.io/
Exabel and Quiver Quantitative join forces to launch new insights platform
Exabel, the data and analytics platform for investment teams, has today announced its partnership with Quiver Quantitative to deliver a powerful new insights capability for Quiver Quant’s investment clients. The Quiver Quant Insights Platform will provide hedge funds and asset managers with curated insights based on Quiver Quant’s innovative data. This offering will provide users with easy to navigate dashboards, visualizations and KPI monitoring capabilities, and aid in the idea generation process by flagging trend shifts in Quiver Quant’s datasets. Joining forces with Exabel provides alternative data vendors with a value-added presentation and monitoring layer and is powered by Exabel’s market leading Al analytics, financial modeling and data science platform.
The Quiver Quant Insights Platform is part of Exabel’s growing partnership program, in which data vendors can use the platform to discover valuable insights in their datasets, demonstrate that value to prospective customers, and deliver a new Insights product that is attractive to a broad audience of financial buyers. In partnering with Exabel, Quiver Quant’s clients are now able to more easily connect the dots in a less expensive and time consuming manner between data and investable insights.
Quiver Quantitative is a leading provider of next-generation investment research tools to retail investors, with over 300,000 registered users on their web platform. Quiver currently scrapes over 30 alternative datasets from around the web, covering everything from government contracts to social media sentiment, and publishes dashboards and tools to make them more accessible to a retail audience. In addition to their web platform, the Quiver API brings these same datasets to hundreds of enterprises, institutions, and researchers.
Commenting on the partnership, Neil Chapman, Exabel CEO said: “We are delighted to be partnering with Quiver Quant, one of the more visionary data providers in the space. The team at Quiver Quant was ahead of the curve when they decided to focus on Reddit investor posts, and reaped the rewards when retail investment activity came to the fore in the market. We are excited to help Quiver Quant bring its insights to a wider user-base.
“The use of data, including alternative data, in financial markets is vital. Modeling data in-house has become a prohibitive burden in time and cost, and we are on a mission to change that. Exabel’s SaaS delivered platform enables discretionary managers to complement their fundamental strategies with more data-driven techniques. It is the missing piece that allows asset managers to benefit from alternative data immediately.
“We are looking forward to working with Quiver Quant to create actionable insights on its web-scraped data. Dashboards, intelligent screening and company drill down tools are just some of the features the platform can generate – all via an easy-to-use cloud interface.”
James Kardatzke, Quiver’s CEO, commented: “We have been very impressed by Exabel’s dashboards and analytics capabilities, and are excited to work with them to bring our datasets onto their platform. We think that this partnership will allow users to unlock a large amount of additional value from the data that we provide.”
Exabel is an analytics platform for any investment professional who wants to benefit from alternative data and modern data science tools in their investment process. It fulfills a growing need in financial markets: while use of data – including fundamental, market, proprietary and alternative data – is critical for asset managers, modeling such data in house has become an excessive use of time and resources for all but the very largest investment firms. Exabel’s SaaS-delivered platform enables discretionary managers to complement their fundamental strategies with more data-driven techniques. It is the missing piece that allows investment teams to benefit from alternative data immediately. Exabel is currently growing rapidly having raised $22.7m and increased the team to 40 employees with more hiring underway.
About Quiver Quantitative
Quiver Quantitative scrapes alternative stock data from across the internet and aggregates it in an easy-to-use platform designed for non-professional investors. Quiver allows these retail investors to tap into the power of big data, and have access to the same resources that are increasingly being used to drive investment decisions on Wall Street. Quiver currently scrapes over 30 datasets, covering everything from government contracts to social media sentiment. The Quiver API allows algorithmic traders and enterprises to build directly on top of Quiver’s underlying data feeds, and is currently used by several leading financial institutions and enterprises. For more information, visit http://www.quiverquant.com.
Monopoly Millionaire Game Raised $1 Million in Seed Funding
Monopoly Millionaire Game, a marine-themed GameFi that involves island construction, cultivating, shooting and more, announced that it has completed a seed funding of 1 million US Dollar. By this round of funding, MMG was valued at 10 million US Dollar.
Mirana Ventures led the seed funding round. Other notable investors included Kernel Ventures, Mint Ventures, Crypto J, and Ventorylabs.
MMG Team said it will use the fund to help realize the MMG GameFi vision and attract more users to participate in the Web3 games. In MMG, players shall buy Cannon NFTs to get the entry. With the NFT entry, players can earn daily check-in rewards and P2E rewards. Daily check-in rewards guarantee players to earn their principal back. Besides, players can earn additional rewards by P2E within the NFT life cycle.
“In MMG GameFi economic model, each NFT has a life cycle, that means, each can only be used for P2E for a limited period of time. Players have to upgrade the NFT or sell it in the marketplace when its life cycle expires. This enables us to better control inflation and have a healthier ecosystem,” Monopoly Millionaire Game CEO Angle told on an earlier Press Release at Cointelegraph. “Now MMG GameFi official version is launched. We welcome all users across the world to visit Monopoly Millionaire Game official website to download and experience the game.»
Monopoly Millionaire Game is developed by group members who have rich game-developing experience in world-famous Internet companies. Even though the product is still in its early stages, investors believe it has significant growth potential to connect game players all over the world.
“With several hundreds of experienced game developers, and tens of thousands of users in the world, the potential for Monopoly Millionaire Game is significant,” Karter, a partner at Mirana Ventures, said in the press release.
About Monopoly Millionaire Game
Monopoly Millionaire Game is a marine-themed game that features activities such as island construction, cultivating, shooting, among others. It is an NFT P2E game built on the BNB Chain. It adopts a dual-token economic model. MMG is the in-game token and MMC is the governance token.
Players use Cannon NFT to hunt marine creatures and each cannon fire will consume Gold Coins which have a limited daily quota. By hunting, players earn MMG token rewards. The Cannon NFT varies from 1 to 8 star levels. The higher the level, the more P2E profit the players will earn. Moreover, by receiving daily sign-in rewards, a player can completely cover their NFT costs, not to mention the additional P2E rewards available.
Each Cannon NFT has a “life cycle”. When it expires, the player has to upgrade it or sell it on the market. This solves a deep-seated problem in many GameFi games: inflation. The MMG team strives to build a long-term and sustainable ecosystem, where players can enjoy the game, be entertained, and earn a profit in the meantime.
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