Key highlights:

• Arkefi is making it dirt easy to get your hands on prestigious artworks that used to be reserved for only the mega rich.
• They use blockchain tech to let regular folks buy tiny partial ownership slices of sculptures starting at just $100.
• On one hand, they’ve got art experts curating only the best, highest quality pieces stored in elite vaults. But on the other hand, they unleash the power of crypto to make these usually “illiquid” artworks liquid and tradable anytime on their slick platform.

The exclusive realm of art, car, and luxury collectible investing is undergoing a seismic shift thanks to emerging Web3 technology and decentralized finance (DeFi). AllianceBlock, a leading decentralized tokenized markets infrastructure provider, recently introduced Arkefi, a next-generation real-world asset (RWA) investment platform built on the Avalanche blockchain ecosystem.

With the seasoned art investment expertise of ARTBANX as its backbone, Arkefi aims to transform RWA investing for both crypto investors and high-net-worth individuals (HNWIs). Its unique approach provides accessible, transparent, and profitable opportunities to invest in high-value assets like exclusive art, cars, and collectibles.

Democratizing access to prestigious art investments

Arkefi’s inaugural collectible investment opportunity features acclaimed installation artist Danh Vō. Based in New York City’s vibrant contemporary art scene, Vō has showcased his conceptual work globally at exclusive venues like the Guggenheim Museum and La Biennale di Venezia.

Impressively, his artworks have achieved consistent annual price appreciation exceeding 10% over the years. Despite such exclusive pedigree, Arkefi enables investments in Vō’s work for as little as $100, welcoming both HNWIs and regular investors. This highlights Arkefi’s commitment to democratizing access to prestigious art investments traditionally reserved for the ultra-wealthy.

Unlocking true potential of RWAs with blockchain technology

To deliver such accessibility while retaining value, Arkefi leverages the unique strengths of blockchain technology and DeFi solutions. It creates “digital twins” of tangible assets like artworks via tokenization, enabling fractional ownership and investment.

For instance, buyers can purchase partial ownership stakes in the tokenized representation of a Vō sculpture on-chain. This approach unlocks the liquidity of traditionally illiquid RWAs like art, allowing small-ticket investors exposure to this asset class.

Arkefi’s elegant fusion of ARTBANX’s real-world art investment expertise and AllianceBlock’s blockchain proficiency paves the way for the wider adoption of RWAs in decentralized finance.

 Intuitive platform design for seamless investing

Ease of use is integral to Arkefi’s appeal. The platform offers step-by-step guidance for investors with no prior blockchain experience. Users need only connect a digital wallet like MetaMask to start investing.

Once purchased, fractionalized art ownership stakes are directly added to the investor’s wallet. The intuitive design philosophy makes Arkefi investment seamless for individuals across the spectrum.

Curation and preservation: Core pillars of the Arkefi difference

Arkefi also differentiates itself through its meticulous curation and diligent preservation of listed artworks, underscoring its credibility. Only pieces meeting extremely selective criteria securely store in bonded warehouses, ensuring asset integrity.

Sellers can use their collections as collateral for liquidity, with the art tokenized and listed on Arkefi for funding. If unsold, ownership transfers to buyers, unlocking profit potential from prestige art that is continually appreciating in value.

The future of RWA investing powered by AllianceBlock and Arkefi

Arkefi’s launch represents a watershed moment for AllianceBlock’s mission to spearhead the decentralized tokenized economy. The platform’s user-friendly and profitable approach to premier art investment also heralds an exciting new direction for the wider adoption of blockchain technology.

Upcoming enhancements to augment Arkefi’s capabilities include integration with AllianceBlock’s compliance solution NexeraID, secondary markets for trading tokenized assets, dynamic pricing mechanisms, and insurance pools. This will further augment the platform’s sophistication and versatility.

AllianceBlock’s Matthijs de Vries concluded: “By synergizing our pioneering tokenization infrastructure with ARTBANX’s real-world expertise, Arkefi democratizes access to this prestigious asset class for the masses in an equitable and efficient way.”

As Arkefi continues to unlock the advantages of blockchain for RWA investing, the future looks bright for both decentralized finance and high-value collectibles. For investors, easy access to wealth preservation and profit potential awaits.

Key highlights:

• This startup called D3 has figured out a way to take domain names and revolutionize how we use them.
• D3 wants to change all that by creating next-generation domains that work with cutting-edge blockchain tech.
• This will let you do seriously cool stuff like using your domain name as a login, wallet, or communication identity across any site online.

Web3 startup D3 Global has announced a $5 million seed funding round led by blockchain investment firm Shima Capital to bring next-generation top-level domains (TLDs) and interconnected identities to the Domain Name System (DNS).

Founded earlier this year by digital identity veteran Fred Hsu, D3 aims to modernize the decades-old system of domain names that underpins how we access information online. With its patent-pending technology, D3 plans to apply for new TLDs during the next application window with the Internet Corporation for Assigned Names and Numbers (ICANN) that offer enhanced security, functionality and compatibility with decentralized technologies.

“The domain name industry is long overdue for disruption. D3 is perfectly positioned to drive this change and help usher the DNS into a new era of Web3,” said Yida Gao, Managing Partner at Shima Capital. “We have full confidence in Fred and the team’s vision to reimagine digital identities on the internet’s root layer through blockchain integration.”

In conversation, Hsu passionately explained his view that domain names represent a massive yet vastly untapped real-world asset class. While domain investing is a billion-dollar industry, restrictive rules have stifled innovation and the ability to fully unlock their potential value.

Establishing the infrastructure for Web3 identity

D3 aims to break this mold with a novel approach. In addition to forthcoming next-gen TLDs, the company plans to launch the first-ever on-chain marketplace for trading major legacy extensions like .COM, .NET and. XYZ using their native tokenized formats. This move promises to bring much-needed liquidity and transparency to the domain aftermarket, cutting out predatory middlemen along the way.

“Legacy domains sitting idle in portfolios could see new life if made blockchain-friendly. Our technology removes traditional pain points like escrow, transfer delays and lack of data visibility that have hindered the market.”

—explained Hsu.

How D3 aims to streamline digital identity online

Beyond transactions, D3 domains promise to evolve how we utilize digital identities online. With built-in Web3 compatibility, these next-gen names could serve as secure wallets, login credentials, decentralized communication identities and more- even integrating seamlessly across browsers without additional plugins or extensions.

The team draws inspiration from seeing how social recovery phrases have begun supplanting passwords for accounts. In the same vein, D3 domains aim to establish persistent, interoperable identities usable anywhere on the internet.

“In the future, your D3 name might replace countless individual logins the way a passport substitutes ID cards at the airport.”

—Fred Hsu

Backed by leaders in the decentralized domain and digital identity space like Identity Digital founder Paul Stahura, D3 emerges as the first company serious about integrating blockchain within the IANA-regulated root of the DNS. With its field-tested team that helped expand the namespace with releases like .XYZ and .INC, D3 is well-positioned to drive this paradigm shift.

As the startup closes out a successful seed round and kicks implementation into high gear, domain enthusiasts and Web3 pioneers alike watch with anticipation to see how D3 will revolutionize digital identities from the foundational architecture layer on up.

Key highlights

• Bybit is taking a bold new approach with their Launchpad 3.0 platform that aims to shake up how new crypto projects launch their tokens.
• With its emphasis on transparency, Bybit’s streamlined model just might set the new gold standard for how crypto startups attract early backers.
• With just a bit of verification and some deposited crypto dough, you too can qualify for allocations of new token allocations.

Bybit, one of the largest cryptocurrency exchanges by volume, just rolled out an updated token launch platform that aims to bring more transparency and opportunities to early investors. Called Launchpad 3.0, this program offers a streamlined bridge connecting promising blockchain projects with potential backers seeking pre-listing access.

How it Works

Launchpad 3.0 operates somewhat like a crowdfunding model. Projects provide details on their upcoming token sales, while investors commit specific amounts of tokens like Mantle (MNT) or Tether (USDT) to the projects they want to support. In return, they receive an allocation of the new tokens once the commitment period ends. Their original funds are then returned.

To participate, users simply need to complete Identity Verification Level 1 on Bybit and deposit supported crypto into their wallets. An added perk: those with higher average daily trading volumes on the exchange can qualify for increased allocations across multiple token launches.

Transparency is Key

By centralizing the pre-listing process directly on its platform, Bybit aims to bring more transparency compared to current industry norms. Projects avoid complicated mechanics like private presales with unclear terms. Investors get direct access to vetted opportunities and don’t need to worry about rugs pulls or distribution issues down the line.

As Bybit co-founder Ben Zhou explains, Launchpad 3.0’s streamlined approach “is bringing innovative blockchain projects to the forefront” by welcoming quality startups and enabling users to get in early. It’s a win-win model that could set a new standard for transparent crypto launches.

First Launch Features Cashtree

Indonesia-based Cashtree is the maiden project featured on Bybit Launchpad 3.0. As one of the largest mobile advertising platforms in the region with over 20 million active users, Cashtree is transitioning to a blockchain-powered loyalty and rewards system leveraging the Mantle network.

By introducing its native CTT token, Cashtree aims to onboard its large user base to the world of cryptocurrency. Coin holders can look forward to benefits like gaming perks, financial services access, and more engagement opportunities as Cashtree evolves into a full-fledged gateway for mainstream crypto adoption.

The successful launch of such a sizable project bodes well for Bybit Launchpad 3.0’s ability to introduce worthwhile investments to eager users. With its emphasis on transparency and equal opportunities, the platform may become a trusted hub for pioneering new blockchain businesses and rewarding their supporters.

Online gambling has come a long way since the early days of shady offshore sportsbooks and dice online poker rooms. As the industry matured, Know Your Customer (KYC) checks became the norm, with casinos requiring photo ID, proof of address, and other personal information from customers before allowing them to play.

While KYC provides some level of consumer protection, it also introduces friction into the signup process and raises privacy concerns for some players. This has led to the emergence of a new breed of online casino that dispenses with KYC entirely. Let’s explore the world of no-KYC casinos.

Understanding KYC

Traditional KYC-compliant online casinos require players to submit documentation like government ID, proof of address, and sometimes a selfie to verify identity. They claim this is necessary to comply with gambling laws and prevent illegal activities like underage gambling and fraud.

However, many players argue that identifying players isn’t always necessary to ensure fair and secure gameplay. After all, players can still cheat and launder money even after submitting identifying information. In fact, as we’ve seen with data breaches, KYC processes might make platforms a larger target for hackers seeking identities to steal.

Introduction to No-KYC Casinos

As the name suggests, no-KYC casinos do not ask for any identifying documents or personal information during signup. Players only need to provide an email address before they can start playing.

This opens up online gambling to an entirely new demographic who previously avoided sharing their details with casinos. It also enables a smoother, faster signup process. Rather than uploading documents and waiting for verification, players can be hitting the tables within minutes.

The no-KYC approach is facilitated by cryptocurrency technology. Casinos that accept only crypto deposits sidestep the traditional identity checks enforced on conventional fiat transactions within the mainstream global financial system.

Advantages of No-KYC Casinos

The main appeal of no-KYC casinos is privacy. Players don’t have to hand over sensitive identity documents containing information like home addresses. This added privacy can provide peace of mind.

Speed and accessibility are other big advantages. Players from jurisdictions where online gambling is prohibited can access no-KYC sites without revealing their location. The lack of paperwork also allows rapid access to games.

No-KYC casinos tend to offer a better range of cryptos than mainstream platforms, with obscure altcoins supported alongside majors like Bitcoin and Ethereum. And active crypto traders will appreciate not having to link bank accounts or go through ID checks to move funds to and from exchanges.

If we list the Advantages of No-KYC Casinos;

• Privacy
• Speed
• Accessibility
• Cryptocurrency Variety
• No Bank Accounts
• No ID Checks

Risks and Safety Measures

The downside, of course, is less accountability. With no customer data recorded, players have less recourse in disputes over cheating, geoblocking, frozen funds, or any other issues that may arise.

And while no-KYC casinos themselves may be legitimate businesses, the potential anonymity provides cover for outright scam operations too.

So caution is advised. As with any crypto transaction, players should stick to established casinos with a track record of fairness and withdraw funds from sites regularly. Checking casino reviews on industry watchdog sites can help avoid problematic operators.

Reputable No-KYC casinos like Justbit, CloudBet, CryptoLeo, Coinplay and Bitcasino also implement their own measures to ensure fair play, like using Provably Fair gaming algorithms. And they still maintain active social media presences under their brand names, meaning dodgy behavior can be called out publicly.

Selecting a No-KYC Casino

When assessing no-KYC casinos, players should consider factors like:

• Length of time in business: Newer sites should be approached cautiously.
• Game library: Having top providers like Evolution and Pragmatic Play is a positive sign.
• Crypto selection: Support for lesser-known altcoins shows crypto-focus.
• Community trust: Check casino reviews and complaints across player forums.
• Responsiveness: Fast, helpful customer service is essential.

Before choosing a No-KYC casino, it will be useful to take a look at the reviews of reliable sources.

Legal and Ethical Considerations

No-KYC casinos operate in a legal gray area since most jurisdictions require platforms to verify player identities. Regulators argue this allows them to enforce age restrictions and prevent fraud. So legally speaking, no-KYC casinos are technically operating without the proper licenses.

Ethically, there are arguments on both sides. On one hand, no-KYC casinos allow for truly anonymous gambling which some say is a fundamental human right. But others counter that anonymity enables underage gambling and money laundering, which are unethical. There are valid points on both sides and reasonable people can disagree on where to draw the line.

Ultimately, each player must decide their own risk tolerance. No-KYC casinos offer more privacy but less legal protections. KYC-compliant casinos offer the opposite trade-off. You’ll have to weigh convenience versus compliance based on your priorities.

Future of No-KYC Casinos

As cryptocurrencies become more mainstream, regulators are cracking down on no-KYC exchanges and other crypto services. Whether regulators will go after no-KYC casinos remains unclear. Some argue casinos were initially exempted from “know your customer” rules due to their reputational risks, so no-KYC casinos might endure.

On the business side, many no-KYC casinos are still in their infancy. With few barriers to entry, hundreds may pop up but few will survive long-term. Their challenge will be attracting and retaining quality players without the trust gained through compliance. Those that find product-market fit and build a strong user base stand the best chance of long-term success in this niche.

Conclusion

Best crypto & Bitcoin casinos offer a unique experience for crypto natives who value privacy above all else. But they are uncharted territory, so proceed with caution. Do your research, start with small deposits, and evaluate platforms based on security features, user reviews, and transparent terms of service. Remember, the lack of regulation means you have no legal recourse if things go wrong. So manage your risks accordingly and gamble responsibly. With the right precautions, no-KYC casinos can provide an alternative- albeit controversial- form of online entertainment. The choice is ultimately yours.

Key highlights:

• Bybit has refined its VIP program to maximize traders’ profits with lower fees and expanded trader tiers.
• They also added two new PRO levels catering to traders with volumes over $500 million and $1 billion.
• Bybit aims to give traders every possible advantage to succeed in the volatile crypto market.

Trading cryptocurrencies can be an exciting yet challenging endeavor. With volatility and complex platforms, traders need every advantage they can get. That’s why Bybit’s newly upgraded VIP program is set to redefine the crypto trading experience.

Lower Fees Mean Bigger Profits

One of the biggest improvements is the revised fee structure across VIP tiers. Bybit has lowered taker fees while increasing maker fees. This means traders who place limit orders to add liquidity to order books benefit from lower fees. Bybit now beats rival exchanges by offering unmatched value to VIP and PRO clients.

The updated fees let traders keep more of their profits. As any experienced trader knows, those little percentage savings add up over time. Bybit’s new fee setup ensures a more lucrative trading environment.

More PRO Levels For Bigger Traders

Bybit has also expanded its PRO levels from three tiers to five. Current VIP users can instantly upgrade to PRO Level when their API transactions exceed 20%. The new PRO levels cater to varying levels of trading activity.

PRO users enjoy even lower maker fees than standard VIP traders. This competitive edge in fees can make a significant difference in long-term performance. The more you trade, the more you save with Bybit’s upgraded PRO tiers.

Fine-Tuned Rates For Each Level

Along with the new tiers, Bybit has fine-tuned the actual fee rates. PRO3 now covers traders with a volume range of 500M to 1B. Their taker fee has been reduced from 0.035% to 0.03%. PRO4 is for volumes from 1B to 2B with fees lowered from 0.0325% to 0.0275%. Finally, PRO5 traders exceeding 2B in volume now pay just 0.025%, down from 0.03%.

By carefully optimizing each level’s rates, Bybit ensures traders get the best value as they increase their trading activity and volume. The savings add up thanks to Bybit’s laser focus on customer satisfaction.

Options Trading Upgrades

In addition to spot trading improvements, Bybit also upgraded options tiers and rates. No matter your trading style, the new VIP program has perks and discounts. Bybit leaves no stone unturned in creating the best trading experience possible.

Customer-First Philosophy

“Our unwavering commitment at Bybit lies in equipping traders worldwide with the means necessary to best navigate the waters of the contemporary crypto market. The revamped VIP Program is a substantial stride toward realizing this vision, promising key service improvements for our clientele.”

—Ben Zhou, Bybit CEO

Bybit walks the walk when it comes to putting customers first. The VIP program overhaul provides real, tangible value to users of all levels. With the upgrades, Bybit leads the way in boosting profits and making crypto trading more rewarding.

Key Takeaways

• Thena announced the exchange integration of the Orbs-powered dTWAP and dLIMIT protocols.
• Thena traders can benefit of both traditional finance orders while maintaining decentralization.
• The integration of dLIMIT and dTWAP into Thena will improve the trading experience while highlighting Orbs’ cutting-edge Layer-3 technology.

Thena, one of the most extensive exchanges on the BNB chain, proudly announced the exchange integration of the Orbs-powered dTWAP and dLIMIT protocols. Thanks to this integration, Thena users will benefit from advanced order types, including limit orders, enabling them to secure the price of orders or divide up large orders into smaller trades.

Thena traders can now begin taking advantage of both essential traditional finance (TradFi) orders without sacrificing decentralization.

Orbs Protocol has previously completed its integration with SpookySwap, Pangolin, QuickSwap, and SpiritSway. Orbs’ leadership in the DeFi market becomes undisputed with Thena integration. Smart contract controls and rich developer documentation are cited in both protocols as the sources of this technical collaboration between Orbs and Thena.

• Advanced Order Types with No Extra Fees: Traders can use dLIMIT to gain access to advanced order types without paying any more fees. This enables users to employ advanced trading tactics and select from a variety of order execution choices.
• Efficient Algorithmic Trading with dTWAP: Traders can easily implement algorithmic trading methods. dTWAP reduces the impact on pricing and allows traders to progressively trade digital assets over a specified period of time, resulting in better trading results and overall performance.

The integration of dLIMIT and dTWAP will grow Thena’s existing offerings, which include multi-chain swaps, LP locking, and governance.

Vice President for Business Development of Orbs Ran Hammer has honored dLIMIT, stating it offers DEX users “an unprecedented ability to execute limit orders at optimal prices with fair fees.”  The decentralized limit order solution, which is built on Orbs’ unique Layer-3 infrastructure, has proven highly successful since launching at the beginning of June.

When performing a dLIMIT’swap’ on the Thena exchange, traders are provided with an easy-to-use user interface and an order history page that allows them to follow past transactions.

• Trader must specify the following parameters before executing a dLIMIT order;
• From: The token they currently possess
• To: The token they want to swap for
• Limit Price: Trades are only executed when the available market price is equal to, or better than, the limit price.

After filling out all of the fields, traders can authorize the specific source token, activate the order, and watch it in real-time through the Order History tab.

When setting up a dTWAP order, three additional parameters need to be configured:

• Number of Intervals: Determines the number of individual trades required to complete the order. The user interface automatically calculates the total number of transactions needed.
• Max Duration: Defines the maximum time allotted for executing all the individual dTWAP order trades.
• Trade Interval: Sets the time gap between each trade.

Thena’s integration of dLIMIT and dTWAP will enrich the trading experience on Thena while emphasizing Orbs’ cutting-edge Layer-3 technology.

About ORBS

Orbs is a decentralized blockchain network that develops smart contracts, opens new possibilities in fields such as Web 3.0, GameFi, DeFi, NFT. Orbs Blockchain works as a separate layer between existing blockchain solutions and the application layer without impacting liquidity. Founded in 2017, Orbs has a dedicated team of over 30 people and offices in Tel Aviv, London, New York, Tokyo, and Seoul.

Key Takeaways:

• Lama offers physical and virtual Visa cards to its users, allowing them to convert cryptocurrencies into cash instantly and spend them at any location that accepts Visa
• The Lama Visa cards can be used to spend Euros at both physical and online stores globally where Visa is accepted
• Lama combines cryptocurrency trading, DeFi technology, and traditional banking services

Cryptocurrency exchange Lama offers physical and virtual Visa cards to its users. This service, where cryptocurrencies can be converted to cash instantly, provides the opportunity to spend in all places accepted by Visa. The cards include many different benefits, and the Gold plan reimburses users 2% of all their spending in Bitcoin.

Founded in 2022, Lama combines the power of crypto trading and DeFi technology with traditional banking services. Since its inception, it has exhibited many innovative products for all transfers between cryptocurrency and fiat. Lama’s new Visa cards are an important milestone for achieving the company’s vision and goals.

Euros can be spent with Lama-branded Visa cards in all physical and online stores where Visa, the world leader in digital payments, is valid. To encourage users, up to 2% of all spending will be refunded in Bitcoin.

Lama has created three different Visa card plans that will provide advantages to all users.

Bronze Plan

• Free to use.
• Limited to a single virtual card for spending online.

Silver Plan

• Costs €9.99 per month.
• Includes up to three virtual cards.
• Includes one physical card.
• Offers 1% BTC cashback on all purchases.

Gold Plan

• Costs €19.99 per month.
• Includes up to five virtual cards.
• Includes one physical card.
• Offers 2% BTC cashback on all purchases.

According to Brigham Santos, the Head of Operations at Lama, Lama Visa cards will serve as an excellent and innovative tool for individual users looking to maximize their use of crypto. Visa cards, which are valid in more than 200 countries and territories around the world, will provide great convenience to Lama users. This strategy makes cryptocurrencies concrete and easily accessible, allowing consumers to actively participate in the global economy.

Visa’s crypto card program includes collaboration with 50 of the biggest cryptocurrency platforms to develop white-label Visa-branded debit cards. These are intended to make it simple to spend digital cash at 70 million merchants throughout the world. Lima’s acceptance into this program reflects both the quality of its centralized exchange and its stringent compliance policy, which ensures that all regulatory standards are met.

Lama Visa Card is suitable for daily use and provides consumers with an intermediary service that easily converts between fiat and cryptocurrencies. As a result, all users can use both cryptocurrency and Visa card with peace of mind and access their digital assets whenever they want.

What is Lama?

Lama is a legal EU cryptocurrency exchange aimed to bringing crypto and mainstream financial services together. Through its cooperation with Ledger, Lama employs institutional quality custody service technology to keep customer assets safe and secure. Lama is able to issue Visa cards to its consumers since it is PCI DSS compliant, making it easier to transfer between fiat and crypto.

Key Takeaways:

• Sweat Economy is updating its tokenomics system with the “Minting Pause” feature.
• The “Minting Pause” feature will gradually onboard 6 million new users and encourage physical activity.
• Pausing token minting for inactive accounts decreases emissions and accelerates progress toward deflationary tokenomics.

Sweat Economy is the brand behind the trending health and fitness app Sweatcoin, and its dApp Sweat Wallet. In the coming days, it will update the tokenomics system and announce the “Minting Pause” feature. The main purpose of this update is to gradually add 6 million global users in the ecosystem to the system.

This update will encourage users to be more physically active and show more interest in the project. Additionally, it will contribute to better management of the circulating supply of Sweat Tokens for the team.

The Minting Pause will be gradually rolled out to Sweat Wallet next week. All users who do not interact with the application for 60 days will automatically stop producing Sweat Tokens. Users will need to activate minting again by opening the Sweat Wallet app, which will promptly restart the process of creating new tokens.

Effects of Minting Pause Feature

• Minting Pause will use the concept of “loss aversion” to motivate users to stay connected with the Sweat Wallet app, reminding them that their physical activity has real value and encouraging them to be more active.
• As the number of active users on the Sweat Wallet app grows, there is more significant potential to generate income and higher revenues, which can be used to purchase tokens from the market.
• The emission of tokens is reduced by temporarily pausing the minting of SWEAT tokens for inactive accounts, leading to faster progress in achieving deflationary tokenomics for the project.

Sweat Economy is the community’s first web3 project and values user feedback. For this reason, he frequently organizes discussions on his Discord server to provide input, transparency, and opportunities. The Minting Pause feature was introduced for the first time among projects in the Move-to-Earn category, demonstrating Sweat Economy’s industry leadership.

Oleg Fomenko, Co-Founder of Sweat Economy, stated they are happy to launch this feature, which reduces the supply of sweat tokens, encourages people to walk more, and provides an opportunity to develop tokenomics.

About Sweat Economy

Sweat Economy was founded in 2015 and is an ecosystem that encourages people to move more and live healthier. It was the world’s most downloaded health and fitness app in 2022, reaching over 130 million users. In-app tokens earned as you move can be used to donate to branded goods, digital services, and charities. Last summer, the ecosystem’s cryptocurrency Sweat token and app wallet Sweat Wallet were launched.

More than 14 million users were given free tokens through an airdrop, making it the most giant cryptocurrency giveaway ever. By utilizing the decentralized capabilities of Web3, the company is making significant progress in establishing a real economy that combines physical well-being and financial prosperity.

Key Takeaways

• Namada, a privacy-focused L1 blockchain, has proposed collaborating with L1 Osmosis to enhance both ecosystems and benefit all parties.
• The collaboration seeks to show close ties between Namada and the Osmosis protocol.
• Namada is working on implementing its asset privacy protection method, known as “shielded actions,” on the Osmosis platform, allowing Namada’s assets to remain concealed when not actively traded on Osmosis.

Christopher Goes, Co-Founder of Namada, a privacy-focused L1 blockchain with multi-chain capabilities, has offered a collaboration with L1 Osmosis. This collaborative action desires to enhance both ecosystems and provide considerable benefits, particularly for holders of $OSMO tokens, stakers, and liquidity providers (LPs) who would qualify for an upcoming airdrop initiated by Namada.

According to Namada CEO Goes, the intention of the L1 blockchain platform is to allocate continuous public goods to a grant fund managed by the Osmosis Grant Program.

Airdropping the planned NAM tokens to OSMO investors is an effort to establish close ties with the Osmosis protocol.

Co-Founder Christopher Goes said the aforementioned grant program will support many privacy-focused research and development projects that will add value to both Cosmos-based Osmosis and Namada.

Namada is also actively working towards executing its asset privacy protection method on Osmosis. Referred to as “shielded actions,” this functionality would allow assets on Namada to remain concealed when not actively involved in trades on the Osmosis platform, as explained by Christopher Goes.

Additionally, Goes stated; “It would be pretty boring if you only had assets and couldn’t do anything with them,” and “So we expect that people want to go to Osmosis”

The Swiss non-profit Anoma Foundation, a subsidiary of Namada, is expected to reserve a portion of Namada’s staking token, NAM, for airdrops to OSMO holders. However, there is no development regarding distribution or snapshot yet. Presumably this distribution will happen after Namada goes live.

As the Osmosis community has yet to weigh in, the airdrop timeline or amounts are unclear. Christopher Goes stated that he’s seeking the community’s input and permission to proceed with the proposal, which will be subject to an OSMO governance.

About Namada

Namada is a sovereign proof-of-stake blockchain that utilizes Tendermint BFT consensus. It offers a range of features, including the ability to conduct private transfers for various native or non-native assets through a multi-asset shielded pool derived from the Sapling circuit. Namada also boasts comprehensive support for the IBC protocol, an integrated Ethereum bridge, a modern proof-of-stake system with automatic reward compounding and cubic slashing, a stake-weighted governance signaling mechanism, and a proactive/retroactive dual public goods funding system. Users who engage in shielded transfers are incentivized with native protocol tokens to reward their contributions to the privacy setting. A multi-asset shielded transfer wallet is provided to ensure secure and private user interactions with the protocol.

Conclusion

The requested partnership of Namada and Osmosis could be an example of future collaborations between blockchain projects, demonstrating a viable strategy for securing funding and fostering cooperation in a competitive market.

Key highlights

• The first initiative offers free development workshops and grants for Rootstock developers. The second initiative will launch $2.5m in grants for Rootstock DeFi startups and developers.
• IOV Labs aims to create a fair and equitable global financial system where everyone can participate and prosper by supporting community-built decentralized finance through Rootstock grants and developer support.
• RIF provides open tools to enable the creation of simple, secure, and affordable financial services atop Rootstock.

IOV Labs announced developments to support Rootstock growth and a refocused RIF. Two new RIF initiatives aid developers using blockchain for fintech products. New workshops and an updated look aim to accelerate fintech development on Rootstock’s sidechain.

IOV will offer free development workshops and grants for Rootstock developers. Rootstock is a Bitcoin sidechain for secure, censorship-resistant finance services.

Active finance entrepreneurs can build with RIF to integrate crypto into their products or start something new. IOV backs Rootstock and RIF to realize their vision of an equitable system where everyone prospers. At Consensus 2023, IOV showed its commitment to financial inclusion through Rootstock grants and developer support.

Pei Chen, vice president of IOVLabs Growth, commented: “IOVLabs’ investment in the Rootstock strategic grants program reflects our commitment to supporting the development of a decentralized financial ecosystem through community effort.”

RIF Enables Simple, Secure Money Services

IOV Labs aims to create a decentralized financial ecosystem through grants and support. Over 1 billion lack finance access; RIF aims to change this by making decentralized finance easy and accessible to all.

RIF provides open tools to easily build affordable finance services atop Rootstock. RIF enables simple, secure money-sending, saving, paying, and borrowing.

IOV Labs Launches $2.5M in Grants for Rootstock DeFi Startups and Developers

IOV Labs will also launch $2.5M in grants for Rootstock DeFi startups and developers. Rootstock grants aim to fund 100 startups building on Rootstock, the most secure, permissionless and censorship-resistant Bitcoin sidechain.

Investing in Rootstock grants reflects supporting community-built decentralized finance.

Enterprises, founders, and developers can build or integrate crypto using RIF. RIF-based apps provide simple, affordable and scalable fintech for the masses.

IOV Labs founded RIF and grants to enable financial inclusion, laying ground for Rootstock and RIF to build a safe, fair global financial system where all can participate and thrive. With active community support, IOV will realize the dream of a fair, open financial system for all.

Blockchains have developed in layers – from Layer 1 platforms like Bitcoin and Ethereum to Layer 2 solutions scaling those networks, and now, the emergence of Layer 0 blockchains.

Before we explore the unique characteristics of Layer 0 blockchains, let’s briefly review the commonly known layers in the blockchain ecosystem:

Layer 1: This is the base layer where the core blockchain protocol operates, handling tasks like consensus and transaction processing. Layer 1 blockchains, like Bitcoin and Ethereum, lay the groundwork for decentralized networks. They consist of consensus algorithms, cryptographic techniques, and distributed ledger technologies, which provide the core infrastructure for a secure and decentralized system.

Layer 2: These are solutions built on top of Layer 1, aiming to improve scalability, privacy, or other features. Layer 2 solutions, such as Lightning Network and Polygon, build upon Layer 1 blockchains to enhance scalability, efficiency, and user experience. They enable off-chain transactions and smart contract execution, reducing on-chain congestion and lowering fees for users.

Now, you may be wondering, what on earth is Layer 0, then? Layer 0, often overlooked, refers to the underlying networking and communication infrastructure that supports and connects the nodes in a blockchain network. It’s like the roots of a tree or the foundation of a building – essential but hidden from plain sight.

Layer 0, or “settlement layer”, blockchains are designed from the ground up to serve as the foundation for other blockchains and decentralized networks to be built upon. They offer a new level of interoperability, scalability, and security that past-generation blockchains could only dream of achieving. Instead of focusing on any particular use case, layer 0 blockchains provide the infrastructure needed to support a wide range of innovative decentralized applications.

In this article, we will compare four blockchains, which are supposed to be the best Layer 0 blockchains in many ways: Venom, Avalanche, Cosmos, and Polkadot. We will see the advantages and disadvantages of blockchains against each other and learn about their potential limitations. These four blockchains have different adoption trends and key features.

After reviewing the different use cases and other technical aspects of Layer 0 blockchains, everyone can come to a decision on which one to choose to use, build on or invest in.

Overview

Rather than forking from an existing chain, Layer 0 blockchains start from scratch with a custom architecture optimized for speed, cost-efficiency, and flexibility.

By providing multi-protocol support, these networks can act as bridges between different blockchain ecosystems, enabling seamless communication and interoperability. This is a game-changer in the ever-growing blockchain universe, as it breaks down barriers and fosters collaboration between projects and communities.

These advanced algorithms ensure that information spreads quickly and efficiently across the network without overloading nodes or causing unnecessary delays. They address pain points like slow transaction speeds, high gas fees, and siloed networks.

The key innovation of Layer 0 blockchains lies in their unique network topology. Unlike traditional blockchains, which rely on a monolithic network, Layer 0 blockchains employ a modular approach. This design separates the network layer from the consensus layer, giving developers the flexibility to build highly customizable solutions tailored to specific use cases.

Interoperability

One of the biggest obstacles preventing widescale blockchain usage is the lack of interoperability between different blockchain networks. Currently, blockchain platforms like Ethereum, Bitcoin, and others exist in closed-loop silos and cannot communicate with each other. Layer 0 blockchains aim to change that by creating a foundational “base layer” that allows various blockchains to interoperate seamlessly.

The best Layer 0 blockchains that have reached a growing ecosystem with different customizable solutions are:

You may have heard of these blockchain platforms and some of the dApps in their ecosystem before. Why should we choose one over the other? They all have different ways to achieve scaling and interoperability. If you are a developer or an investor, we will talk about many things to consider.

Comparison of Venom, Avalanche, and Other Layer 0 Blockchains

Venom is a blockchain that offers developers maximum customizability at all levels of the blockchain. This allows for more freedom to build on the platform and create a wider range of solutions. Venom uses TVM instead of EVM to achieve this.

As the first licensed blockchain foundation by the Abu Dhabi global market,, Venom is already ready for potential regulations and frameworks from governments. This means that even when competitors in the industry are disrupted by any legal problem, Venom will comply with legal obligations and will not be negatively affected by regulatory decisions. The fact that Venom is licensed also puts it ahead of its competitors to be the ultimate enterprise blockchain working with country ministries, major financial institutions, CBDCs, etc.

Venom provides its high-level scalability capability with the Dynamic Sharding system it uses. Thanks to this system, the Venom blockchain has a finality time of 0.2 – 0.3 seconds, TPS of 100,000, and an average transaction fee of $0.0002. This great level of scalability and speed is achieved with the help of dynamic sharding as well as an eco-friendly PoS consensus mechanism.

Avalanche is a platform for launching decentralized finance applications and enterprise blockchain deployments in one interoperable, scalable ecosystem.

In the Avalanche ecosystem, subnets are the building blocks that allow developers to create bespoke blockchain solutions. By using subnets, developers can tailor their projects to specific use cases, ensuring that the end product is a perfect fit for their intended audience. This level of customization is truly unique among blockchain platforms and sets Avalanche apart from its peers.

The Avalanche Bridge (previously known as the “Avalanche-Ethereum Bridge”) is an innovative solution that allows users to seamlessly transfer assets between Avalanche and other blockchain networks, such as Ethereum. By fostering interoperability between these platforms, the Avalanche Bridge is instrumental in driving adoption and making the world of DeFi more accessible to everyone.

Cosmos is building an ecosystem that allows blockchains to interoperate and scale. Think of it as an ‘Internet of Blockchains’.

Dubbed the ‘SDK of Blockchains’, the Cosmos Network allows developers to build their own blockchains and connect them seamlessly. The heart of Cosmos is the Cosmos Hub, a blockchain that connects other blockchains and allows coins/tokens and data to flow between them with ease.

The Cosmos Hub, powered by ATOM tokens, provides shared security to connected blockchains. By connecting to the Cosmos Hub, blockchains can outsource their security and focus on building great user experiences. The interoperability provided by Cosmos allows both fungible and non-fungible assets (like Bitcoin, collectibles, and loyalty points) to move between blockchains.

The ATOM token is the lifeblood of the Cosmos Hub. It allows blockchains to connect to the Cosmos Hub and provides security to the overall network. ATOM holders can also participate in the governance of the network by voting on software upgrades and parameter changes and electing block producers. The more ATOM a chain holds, the higher its voting power and share in transaction fees.

Polkadot enables a completely decentralized web where users are in control. On Polkadot, independent blockchains can exchange information under common security guarantees. Think of Polkadot as a foundation you can build upon.

Parachains are independent blockchains that run parallel to the main Polkadot chain, called the “relay chain.” These parachains allow for increased scalability, interoperability, and customization. In a sense, they’re like individual lanes on a highway, allowing traffic to flow smoothly without congestion.

To become a parachain, projects must win a slot in a parachain auction. These auctions are a clever way to allocate scarce resources (i.e., the limited number of parachain slots) to the projects that value them the most. The winning projects then secure their slots for a predetermined lease period, after which they can renew or give up their spot for new projects to step in.

The parachain auctions have created a healthy and competitive ecosystem that encourages innovation and collaboration.

Below is the table where these four blockchains are compared with each other considering many metrics.

Use Cases and Adoption of Layer 0 Blockchains

These foundational blockchain networks are built from the ground up to support smart contracts, decentralized applications, and open finance in a truly interoperable way.

With a layer 0 network, your assets, identities, and interactions can roam freely across different chains and protocols. Want to tokenized stocks on one chain, stablecoins on another, and digital art on yet another? A layer 0 blockchain makes that possible.

Central banks issue their own digital currencies (CBDCs) on a layer 0 blockchain that can seamlessly bridge and interoperate with one another. This could help facilitate global payments, remittances, and cross-border settlements with unprecedented speed, low cost, and high transparency. Gradually, layer 0 CBDCs may come to replace traditional money transfer networks like SWIFT.

Layer 0 networks are creating the technological foundations for an open and interoperable metaverse. Assets, identities, virtual property, and computational logic can be freely translated between different virtual worlds and metaverses. creators have true ownership and interoperability of their creative works and virtual economies. Users can experience a borderless metaverse.

Venom aims to be a pioneering solution for building public and private blockchains with its asynchronous architecture that includes Workchains, Masterchain, and Shardchains. This platform, which describes itself as the “Blockchain of Blockchains”, offers customizable transaction fees, token emissions, and block issuance time for the blockchains to be built on.

We can also think of Venom as a Layer 1 chain. Because the smart contract capability provides the ability to build and deploy Web3 dApps on the blockchain. This makes Venom the perfect decentralized platform for DeFi services, NFT collections, P2E games, DAOs, and other Web3 solutions.

Any application to run on Venom can be customized to meet different compliance, security and privacy requirements. In this way, different solutions that will appeal to any sector can be launched with Venom’s strong infrastructure.

Avalanche has managed to become one of the leading platforms in the DeFi industry. Following the DeFi dApps such as Trader Joe and Pangolin, which are exclusive to Avalanche, applications such as GMX, KyberSwap, WOOFi, and ParaSwap have also started to benefit from the low transaction fees and high throughput of the network by being included in the ecosystem.

Polkadot hosts a limited number of blockchain applications that do not compromise on security:

• Moonbeam: A smart contract platform that makes it easy for developers to build Ethereum-compatible applications on Polkadot.
• Acala: A DeFi hub that offers a stablecoin, staking, and decentralized exchange (DEX) on the Polkadot network.
• Kusama: Often referred to as Polkadot’s “wild cousin,” Kusama is an experimental network that helps developers test and refine their projects before deploying on Polkadot.

Technical and Practical Considerations for Layer 0 Blockchains

Layer 0 blockchains are pioneering a new frontier of blockchain scalability and interoperability. They aim to solve some of the biggest problems facing major networks like Bitcoin and Ethereum today – lack of scalability, high fees, and limited interoperability. Layer 0 platforms are built from scratch with cutting-edge architectures to handle thousands of transactions per second at negligible costs.

As Layer 0 blockchains continue to gain traction, they hold the potential to reshape the blockchain landscape. The unique combination of modular network design, protocol-agnostic scalability, and seamless interoperability opens up a world of opportunities for developers, users, and businesses alike.

Layer 0 blockchains empower developers to create a new generation of decentralized solutions, from decentralized finance (DeFi) to supply chain management and beyond. By providing a flexible, scalable foundation, Layer 0 unleashes the full potential of blockchain technology.

The potential of this nascent technology is vast yet largely untapped. As we continue to explore and innovate, Layer 0 blockchains could well prove to be the key that unlocks the true potential of decentralized networks, ushering in a new era of blockchain innovation.

Venom uses the threaded Solidity coding language most commonly used by developers when developing smart contracts. There is an Account Abstraction functionality to increase modularity and flexibility in managing assets on the blockchain. This also means reducing the attack surface of smart contracts.

Designed as a heterogeneous multi-blockchain platform, Venom has no technical limit on the amount of users that can transact. Dynamic sharding has given Venom’s Layer-0 architecture 100,000 TPS and a finality time of 0.2 to 0.3 seconds. Any transaction on the network will require paying an average gas fee of $0.0002.

Venom rewrote the TON network from C++ to Rust, making it more upgradeable and ready for future innovation. The TON network thus gained enterprise-grade security.

Venom’s asynchronous architecture, which includes Masterchain, Workchains, and Shardchains, makes it a great solution for building public and private blockchains. Any blockchain created can be optimized for the different requirements of each industry, with maximum customization.

For developers looking to build dApps on Avalanche, there are some unique technical aspects to consider.

Solidity is Avalanche’s main smart contract programming language, so if you’ve built ERC-20s, voting contracts or DeFi protocols on Ethereum, the transition will be seamless. The key difference is that your dApps will run much faster and cheaper.

For development, the Avalanche Studio is an online IDE well-suited for coding and deploying smart contracts. The opportunities for new dApps are endless, given Avalanche’s speed, low cost, and EVM/Solidity compatibility. The Avalanche blockchain can process 4,500 transactions per second.

The architecture of Cosmos, based on its Tendermint consensus algorithm and SDK framework, enables some powerful capabilities not found in other blockchains.

Cosmos is built using Golang, a programming language created by Google. Go is fast, simple and fun, which makes it a perfect match for blockchain development. The Go toolchain and dependency management system are incredibly straightforward to use. Go also compiles into a single static binary, so deploying your Cosmos app is as simple as uploading that binary.

The Cosmos SDK provides a framework to easily build your own custom blockchains. The SDK handles networking, consensus, governance, and more – so you can focus on your app’s business logic. The SDK supports multiple languages, though most zones are using Golang.

At the heart of Polkadot‘s development ecosystem lies the Substrate framework. This powerful toolkit enables developers to build, test, and deploy parachains with ease. The substrate provides a set of pre-built modules (called pallets) that can be combined to create unique runtime logic for a parachain.

Ink! is a domain-specific language designed specifically for writing smart contracts on Polkadot. It’s based on the popular Rust programming language, and it’s compiled to WebAssembly for optimal performance.

To interact with Polkadot and its parachains, developers can use the Polkadot-JS API, a JavaScript library that connects to the Polkadot network. The API lets developers send transactions, query the blockchain state, and even interact with smart contracts. Essentially, it’s the bridge between Polkadot’s backend and the frontend applications that users interact with.

Challenges and Opportunities for Layer 0 Blockchains

The future for layer 0 blockchains and regulation remains unwritten. We are still in the early days of governments formulating comprehensive blockchain legislation and policy.

There is no single set of laws that govern layer 0 blockchains on a global scale. Rather, there is a patchwork of laws, regulations, and guidelines that vary significantly across countries and regions.

Some best practices that could help Layer 0 networks stay on the right side of regulators include:

• radical transparency of network operations and project funding;
• policies and controls to prevent money laundering, terrorist financing, and other illegal uses;
• participation in industry groups and public-private partnerships to shape regulatory frameworks;
• and legal reviews of network architecture, tokenomics, and other aspects before launching to the public.

Every year, we see new rules around anti-money laundering (AML), know-your-customer (KYC), and counter-terrorism financing (CFT) emerge from policymakers and standard-setting bodies like FATF. At the same time, different countries and regions take varied approaches, introducing inconsistencies for enterprises aiming to build blockchain solutions with a global reach. Staying on the right side of regulations has never been more complicated.

As innovative new stablecoins, DeFi platforms, NFT marketplaces and other complex decentralized financial applications emerge on layer 0 blockchains, regulators want assurances that illicit activity can be detected and prevented. Reconciling these divergent philosophies is the key conundrum blockchain innovators must solve.

The fact that the industry encounters difficulties and limitations can sometimes be turned into an advantage. Seeing these challenges as opportunities, Venom Foundation became the first licensed blockchain company approved by Abu Dhabi Global Market (ADGM) for utility token issuance. In this way, Venom has been operating in a well-managed environment, ensuring compliance standards regarding regulations and legal obligations.

The license owned by Venom Foundation makes it the platform of choice for institutions, retail customers, and even governments to run blockchain activities within the secure space. This could also help increase the adoption of Venom blockchains.

With the support of Hub71, the Venom Foundation is able to support crypto projects that plan to relocate to Abu Dhabi.

Conclusion

A defining feature of Layer 0 blockchains is interoperability. They are designed to seamlessly interact with each other and existing Layer 1 and 2 platforms. This allows for an open ecosystem where assets and data can flow freely between all blockchains. Seamless interoperability paves the way for decentralized finance applications beyond anything we have today.

By providing a common shared infrastructure, layer 0 blockchains empower open DeFi or open, decentralized finance. Any DeFi protocol can seamlessly integrate with others, allowing users to utilize the specific functionalities of each system. Borrowing interest from one protocol can be used to collateralize loans in another. High-interest-bearing tokens from one chain can be used as collateral in another. The possibilities for creative DeFi composability are endless.

Avalanche stands out for its EVM compatibility, while Venom is TVM compatible instead. Thanks to EVM compatibility, compatible dApps can be simply deployed on the Avalanche blockchain. TVM, on the other hand, enables blockchains to be built on Layer 0 to be much more customizable. Venom’s future plans include being EVM-compatible.

Venom’s regulated feature, which is seen as a weakness, can be turned into an advantage in many cases. This is because enterprises that want to adopt blockchain technology and integrate it into their processes may prefer to use a licensed blockchain.

The gateway to the imposition of this new technology in CBDC and similar government applications is to use a licensed blockchain infrastructure platform like Venom.

Key highlights:

• The project aims to fuel innovation in the intersection of AI and cryptocurrencies.
• CryptoGPT has launched an AI assistant named Alex that can assist users with crypto-related issues and is developing an AI data engine that collects, encrypts and transfers conditional data for commercial applications.
• Users can monetize their data in various areas, including gaming, fitness, dating, education, and NFTs that store owner activity data.

The AI trend continues to drive the crypto market. CryptoGPT is one of the projects that want to turn the interest of investors into opportunities. CryptoGPT, the Zk-rollup Layer 2 scaling solution, raised $10 million in funding with the help of an artificial intelligence-focused project.

In particular, the Series A round led by market maker DWF Labs, which has invested in many blockchain projects over the past few years, gave CryptoGPT a value of $250 million.

AI Assistant Alex Released

CryptoGPT recently launched its AI assistant named Alex. This Web3-focused assistant has the ability to assist users with many crypto-related issues.

CryptoGPT is also developing an AI data engine that collects, encrypts and transfers conditional data for commercial applications. It seems that this project will be among the active and few giants of the sector.

CryptoGPT made a statement summarizing the latest situations on April 11th. Talking about using zero-knowledge technology for private data transfers instead of using it for micropayments, the project said that it will use the financing income from the Series A round to grow its developer team globally and develop its regional presence in Asian markets.

Making Money with CryptoGPT

Users will be able to monetize their data in areas such as gaming, fitness, dating and education, and earn income from this data. The project also plans to launch NFTs that store owner activity data.

With the popularity of OpenAI’s ChatGPT in recent months, AI-oriented cryptocurrencies aim to spread these price increases over the long term. The aim of CryptoGPT is to maintain success in the long term by developing good technologies. CryptoGPT doesn’t want to be just one of the many useless projects that have AI in their name or description. Launched on March 10, the GPT token has a current price of $0.073 and a market cap of $20M, according to our data. While $GPT is not currently among the most valuable AI cryptos, it has good potential for the future.

Key highlights:

• After the TGE on the OKX exchange, MYRIA tokens will be listed on different exchanges, including KuCoin. Myria offers a specially prepared SDK for developers to make it easy to develop games and distribute them on the network, which has enabled it to reach over 1 million registered users and a large community of over 350,000 Myrians.
• The MYRIA token, which will be used as the native currency for every transaction on the blockchain, will have a total supply of 50 billion tokens, and tokens will be allocated to ecosystem funds, node rewards, project development, liquidity provision, and strategic reserve.
• During the TGE, 45 million MYRIA tokens will also be airdropped to the community, and Myria invites the entire community to participate in the Alliance Key NFT Airdrop to celebrate the token launch.

Myria, a dedicated layer 2 blockchain for games, has announced a major airdrop for its native token alongside a token generation event (TGE). Following the TGE on the OKX exchange, MYRIA token will also be listed on different exchanges, including KuCoin.

Myria has created an Ethereum Layer 2 blockchain using ZK roll-up technology. There are no transaction fees on this blockchain. Also with free NFT minting and a speed of over 9000 tps, the blockchain is a very good scaling solution for developers and gamers alike.

In addition to all this, Myria offers a specially prepared SDK for developers. This makes it easy to develop games and distribute them on the network. There are more than 250 game projects developed and published on the platform. The capabilities of the blockchain, the convenience it provides to developers, games and more have enabled Myria to reach over 1 million registered users and a large community of over 350,000 Myrians.

Collaborating with famous cricketer AB de Villiers to launch the play-and-earn cricket game, the project also revealed details about Myria Studios’ first game, Metarush.

MYRIA Token Launch on OKX

A new milestone of the Myria ecosystem will be reached with the MYRIA token launch. MYRIA, an ERC-20 token, will be used as the native currency for every transaction on the blockchain. As the network grows, the use case will increase, and the token will also provide the ability to generate revenue through staking.

“Our token launch is another step towards our goal of building and scaling innovative blockchain games securely and effectively. Within a short time, Myria managed to bring onboard 1 million users and make it easier for gaming studios to build Web3. This is what will truly scale the ecosystem and our goal is to make it easier for both players and game studios to enter the Web3 space.”

said Brendan Duhamel, Myria co-founder and Head of Blockchain

MYRIA Tokenomics

MYRIA will have a total supply of 50 billion tokens. After TGE, tokens will be allocated as follows:

• 40% Ecosystem fund
• 36% Node rewards
• 19% Project development
• 3% Liquidity provision
• 2% Strategic reserve

Myria’s whitepaper can guide you for ways you can use and earn MYRIA tokens.

Token and NFT Airdrop

During the token generation event that will take place at OKX, 45 million MYRIA tokens will also be airdropped to the community. Myria also invites the entire community to participate in the Alliance Key NFT Airdrop to celebrate the token launch. This airdrop will be the second major NFT airdrop to provide players with in-game utility. The Myria blockchain will be fully decentralized when the public node sale begins on April 7. The already growing operator community will now start rewarding $MYRIA by running nodes. Anyone who purchases a node license with MYRIA token will be able to run a Myria node.

Key highlights:

• Smart Contracts 2.0 will enable developers to create multichain dApps that work across Polkadot and EVM ecosystems without any limitations
• A virtual WASM Launch Day event will be held to celebrate the milestone
• The launch of Smart Contracts 2.0 marks a new era of blockchain innovation and makes multichain development easier for developers

Astar Network is gearing up to launch Smart Contracts 2.0 on April 6th at 14:00 UTC. The mainnet will support both Ethereum Virtual Machine (EVM) and WebAssembly (WASM) smart contracts, giving developers unparalleled flexibility and power in their hands.

To celebrate this milestone, Astar Network is holding a virtual WASM Launch Day event. Sota Watanabe, Founder of Astar, Maarten Henskens, Head of Growth, Polkadot developers and top infrastructure teams will be at the event for a live panel discussion on how WASM will empower the blockchain world. They will discuss the possibilities enabled by WASM smart contracts, including building multichain dApps that work across Polkadot and EVM ecosystems.

WASM and EVM projects will be a breeze to create on Astar Network. You can build your Astar project without limitations by seamlessly connecting it to any Polkadot or EVM ecosystem.

“With our next level smart contracts, you can create a WASM or EVM project, and you can create new multichain applications. Anyone can also connect their Astar project to any Polkadot or EVM ecosystem. There are no limitations on what you can build. This is the next level of smart contracts.”

said Astar Network founder Sota Watanabe

Building the Future with Infrastructure Partners

Astar Network’s virtual meet-up will bring together Parity, Phala, DIA, SubWallet, Brushfam, and Subsquid— the trailblazers laying the groundwork for Astar’s WASM environment. Developers can gain insights into creating a robust multichain network on Astar.

Two VMs, One Powerful Platform

Supporting both EVM and WASM smart contract environments, Astar Network is revolutionizing Layer-1 blockchain development.  While Ethereum pioneered smart contracts, it cannot drive future blockchain innovation alone.

New developers can start their Web3 journey with ease, using familiar programming languages such as C/C++, GO, TypeScript, Java, and RUST. Astar technology will now integrate with a wide array of tools and resources used by software developers.

WASM smart contracts open Web3 development to more programmers. Developers can build in languages they already know instead of learning Solidity. Astar aims to improve WASM and ink infrastructure for the Polkadot ecosystem.