Toronto, Canada, November 30th, 2023, Chainwire

@NFT Account Makes Resounding Return to Instagram

After 22-months, pioneering entrepreneur returns with mission to strengthen and advance the resurgent realm of NFTs and digital collectibles

The @NFT account, social media’s largest web3 community, has announced its triumphant return to Instagram after a 22-month hiatus. The account, which boasts over 1.5 million followers, was initially launched in February 2021 by Leverage Game Media (LGM), a joint venture co-founded in part by web3 entrepreneur Aaron Avruskin.

The account was initially suspended in February 2022, a few months after Facebook transitioned to its new Meta moniker. After a lengthy period of uncertainty, the account suspension has been lifted, allowing the @NFT team to resume operations under the new handle, @NFT_.

“We are thankful Meta has granted us the ability to resume our mission of fostering a vibrant global community that embraces the transformative potential of web3 and NFTs,” stated co-founder Aaron Avruskin. 

The account’s return comes at a time of renewed interest in the NFT space, with NFT trading volumes reaching their highest levels in months. With its renewed presence on Instagram, the @NFT account is poised to play a crucial role in validating the myriad of use-cases for blockchain and web3 technologies, while empowering its community to navigate the resurgent web3 space. 

“We recognize the responsibility that comes with managing a global brand with considerable influence in this emerging space and are committed to taking proactive steps to aid the artists and entrepreneurs shaping the blockchain ecosystem,” Avruskin added.

About @NFT:

With over 1.5 million followers, the @NFT Instagram account is the largest web3 platform for connection and collaboration on social media. The account highlights emerging artists and delivers editorial coverage of the latest trends, cultivating a thriving community where individuals from diverse backgrounds unite under shared passion for Web3. 

Contact

Michelle Knapp
PR@mediabella.com
1-909-243-9921

Grand Cayman, Cayman Islands, November 30th, 2023, Chainwire

Sui, the pioneering Layer 1 blockchain and smart contract platform created by the technology team that emerged from Meta’s Diem Blockchain project, has accelerated beyond expectations in just over six months since its mainnet launch, surpassing $150 million in Total Value Locked (TVL) according to leading DeFi aggregator DefiLlama. This key milestone, which currently places Sui within the top 20 blockchains in TVL, signifies a growing DeFi ecosystem backed by a deep pool of developer talent and a community that is strengthening by the day. 

In addition to its TVL trajectory, which is up over 500% since the start of September, the Sui Network has surged past $100 million in bridged stablecoins. Sui has also surpassed Bitcoin in total historical on-chain transaction count, affirming its capacity for scalability and efficiency, and underscoring the blockchain’s ability to facilitate seamless, secure, and lightning-fast transactions.

The ability to process a high volume of transactions while maintaining peak network performance has supported this DeFi growth, as Sui recently set a new record for the most transactions processed in a single day by any blockchain ever.

“Sui’s rapid ascension reflects both the growing demand for its unique, native technology and a vibrant community that is fueling the growth and adoption of the Sui Network,” said Greg Siourounis, Managing Director of the Sui Foundation. “To reach this level of adoption within months of the network’s mainnet launch is remarkable and bodes extremely well for the future of this burgeoning DeFi ecosystem.”

This level of growth is further supported by a robust network of independent DeFi projects adding value and utility for the community. For example, Cetus, a leading DEX and concentrated liquidity protocol within the Sui ecosystem, also recently achieved a significant feat by surpassing $1 billion in total transaction volume. This accomplishment underscores the depth and decentralization of the Sui Network’s DeFi landscape.

Builders on Sui are also prioritizing relationships and collaborations across the globe, as evidenced by the recent partnership announcement with technology incubator Hub71. With roots in Abu Dhabi, the UAE’s capital, and a large investment base, Hub71 supports over 260 startups, and has committed to introducing UAE-based startups to the Sui ecosystem.

Sui’s ascendancy makes it a growing force in the industry as Web3 braces itself for what many expect to be a period of high growth. With its object-centric model and unparalleled scalability, Sui’s potential for mass adoption arises from its simplicity for developers and rapid transaction processing for broader use cases.

Builders, users, and organizations alike can learn more about the network by visiting https://sui.io.

Contact

Sui Foundation
media@sui.io

London, United Kingdom, November 23rd, 2023, Chainwire

• Socrates is a web3 social media and entertainment platform, combining the best of Social-Fi and Game-Fi
• Accessible on multiple blockchains, including Polygon, Ethereum, BNB Smart Chain (BSC), Arbitrum One & Optimism
• Allows anyone to participate in multiple-choice question and answers, empowering people to voice honest opinions and unique perspectives
• Offers large rewards for simple in-app interactions, easily redeemable

Socrates, a web3 social media and entertainment platform, has launched on multiple blockchains following a successful testing phase. With thousands of signups already, the revolutionary app will offer users globally the ability to earn substantial rewards by actively participating in multiple-choice Q&As, debating openly and sharing knowledge.

Socrates empowers individuals to discuss any topic, including politics, sports, crypto and entertainment. Utilising an innovative and intuitive UI, users can easily create and answer multiple-choice questions in-app, giving and liking reasons to further support their viewpoints.

The organisation combines the best of Social-Fi and Game-Fi, built on the principle of rewarding knowledge-sharing and promoting dialogue, with a mission to engage dialogue and foster community. With mainstream media controlling narratives and directing much of collective human thought, Socrates gives users a platform to think freely about issues and combat misinformation common in web2 social media.

Built on the principles of decentralisation and inclusivity, Socrates integrates the benefits of blockchain technology and NFTs to establish a unique incentivised ecosystem. User interactions contribute to a question’s prize pool, already reaching over 1000 points, with potential rewards distributed upon the question’s closure. Meaningful discussions and unique perspectives during deep debates can earn users higher rewards, a key feature in provoking meaningful discussions and new levels of engagement.

This week, Socrates has further improved accessibility, enabling access via multiple blockchains, including Polygon, Ethereum, Arbitrum One, Optimism, and BNB Smart Chain (BSC), where points earned on the platform can be easily redeemed 1:1 for USDT.

“With question and answers driving today’s conversation, we created Socrates to provide a fun platform where you can earn large rewards for sharing knowledge, learning of diverse opinions, and networking with like-minded communities. In response to the rise of AI language technology providing standardised answers to questions, our platform addresses a clear need for individuals, businesses and governments to seek human answers to their questions,” said Lottie Wells, Head of PR at Socrates.

Since launch, the 200+ Socrates team members from leading web3 and social media companies have continued to develop the product and improve the user experience. Nevertheless, the organisation has ambitious development plans imminently, including the release of an algorithm tailoring content to specific users, and a cutting-edge UI update.

The platform invites users to join the debate by signing up and experiencing Socrates at app.socrates.com using the invitation code 8k6ze4s6.

About Socrates

Socrates is a global web3 social media and entertainment platform based on multiple blockchains, where users earn rewards by participating in multiple-choice Q&As, debating and sharing knowledge. Combining the best of Social-Fi and Game-Fi, the organisation aims to pioneer a new era of dialogue and knowledge beyond borders, empowering and rewarding individuals to share their vision and shape the future through diverse perspectives.

In an age where social and mainstream media heavily influence collective thought, Socrates encourages individuals to think freely, challenging issues and dispelling misinformation. Users can shape conversations in-app by crafting their Pen and selecting a sphere of interest, actively contributing to meaningful dialogues. The platform has established an incentivised ecosystem, where valuable contributions and interactions can earn large rewards.

Featuring an innovative and intuitive user interface coupled with decentralised blockchain technology, Socrates prioritises transparency and security. Socrates is dedicated to empowering individuals to share their unique vision and shape the future through diverse perspectives, fostering a community-driven platform that transcends geographical boundaries.

Website | Twitter | Discord | Telegram | Whitepaper | Medium

Contact

Head of PR
Lottie Wells
Socrates
charlotte@socrates.com

Dubai, UAE, November 23rd, 2023, Chainwire

Algebra, once a multi-solution DEX, now known as the DEX Engine, retains and refines concentrated liquidity, enhancing functionality. With over 20 integrated decentralized exchanges, including THENA Fusion, Camelot V3, QuickSwap V3, and even more, Algebra boosts these DEXes’ competitiveness and provides users with advanced options through its seamlessly integrated codebase.

The introduction of ‘Integral’ Modular Architecture marks a significant step forward, enabling projects to rival Uniswap V4, improving gas cost efficiency, and plugging new functions to DEXes on air. The breakthrough tech was unveiled on October 17th through the Swapsicle DEX on the Mantle & Telos Blockchains, and is yet to be integrated into Sushi.

TL;DR

Algebra DEX Ecosystem Overview:

• Ultimate DEX solution operating as a B2B project on 20+ DEXes, providing concentrated liquidity solution with dynamic fees
• Over $150 million TVL across all decentralized exchanges, with daily trading volume of up to $212 million.
• Algebra secures its position in the top 10 most forked protocols by TVL on DefiLlama
• Over 50 protocols building on top of the Algebra solution

Integral Modular Architecture:

• Integral, a revolutionary V4 tech, features a modular architecture that allows a partnering DEX to compete with Uniswap V4
• Integration with Sushi proposes a next-gen DEX engine, enabling easy updates and plugin additions without disrupting DEX activities, all packed up with concentrated liquidity & other features.
• Integral offers advantages like enhanced gas efficiency, modularity, and diverse revenue streams, saving up to 22% in gas costs.
• Partnership aims for increased TVL, trading volume, and overall efficiency on the Sushi platform.
• Key part of the collaboration is the Plugin Marketplace development, fostering a hub for DeFi innovation.

Modern DEX Hassles

The crypto community is buzzing about Uniswap V3’s license expiry and the potential of Uniswap V4. Launched in March 2021, UniV3 rose to the top in the DEX market with its concentrated liquidity innovation. Now open-sourced, UniV3 allows decentralized exchanges to adopt this concept. However, the abundance of AMMs leads to liquidity fragmentation and market inefficiency.

Last but not least: traditional AMMs pose challenges for DEX protocols in updating infrastructure due to the necessity for liquidity migration with each new version, complicating the implementation of new ideas.

On the flip side, UniV4’s announcement brings flexibility and revolutionary changes, opening doors for indie developers. Questions arise about the adequacy of old AMM models like V3 against new competitors, the global market impact, and how UniV4 will reshape the DEX landscape.

Algebra ‘Integral,’ offering an innovative modular architecture for a cost-effective, customizable, and secure DEX, inspired by the V4 concept. Algebra Integral addresses these challenges with customizable plugins managed by the DAO, providing control over configuration and connectivity.

What’s Algebra DEX Ecosystem?

Algebra, an ultimate DEX solution, works as a B2B project, already empowering over 20 DEXes, including the likes of THENA, Camelot, QuickSwap, Swapsicle, StellaSwap, and more, across 20+ chains, with over 50 protocols building on top of Algebra solution.

Algebra’s innovative features and partnerships have positioned it as a top-tier concentrated liquidity tech provider, gaining popularity and earning a spot among the top 10 most forked protocols by TVL.

For now, its TVL across all Algebra-built decentralized exchanges totals over $150 million, while its trading volume has recently surpassed the mark of $198 million.

Part of the trading fees goes to the Algebra development team, and part of it is used for weekly $ALGB buybacks & burns.

Algebra’s concentrated liquidity solution offers capital-efficient trading with dynamic, or volatility-based, fees, allowing LPs to specify price ranges for enhanced efficiency and reduced impermanent loss.

Unlike Uniswap V3, Algebra’s dynamic fee model calculates fees based on risk, volatility, and pool volume, providing higher returns for LPs. 

Algebra also offers the following features within its ready-to-integrate codebase: Built-in on-chain Farming, Customizable Tickspacing, Rebase Tokens’ Support, Limit Orders and a bunch of other innovations.

Algebra ‘Integral’: The Revolutionary V4 Tech Proposed to Sushi

Earlier this Fall, Algebra has introduced its latest update, high inspired by Uniswap V4. Integral, now available on Mantle & Telos via Swapsicle DEX, is a next-gen concentrated liquidity engine with a modular architecture, featuring an immutable core codebase & highly customizable plugins. This integration allows the addition of plugins on top of liquidity pools, as well as easy platform updates without crucial DEX activities disrupting the need for liquidity migration. It marks a significant leap forward in DeFi, providing a more agile and efficient framework for innovation.

Together with Sushi, Algebra team has introduced an integration proposal to deploy the brand-new V4 implementation into Sushi.

The Sushi and Algebra integration goes beyond just a timing advantage:

The implementation of Algebra Integral tech offers Sushi numerous advantages. The final goal of this integration is a significant increase in TVL, trading volume, and overall efficiency, which the platform’s revenue growth will follow:

• Enhanced Gas Efficiency: Algebra’s Integral is designed to significantly reduce gas costs, saving 7-22% compared to current systems.
• Innovative Modularity and Customizability: The system allows Sushi to adapt swiftly to market trends and technological advancements.
• Diverse Revenue Streams: Custom plugins open up new avenues for revenue generation and stakeholder engagement.
• Fostering a Hub for DeFi Innovation

A key part of this partnership is the Plugin Marketplace development on the Sushi platform, envisioned as a dynamic hub for innovation.

The proposal is now on Discourse for discussion and voting.

About Algebra Labs

Algebra is a dedicated team specializing in research and development within the AMM space. In 2021, as a DEX solutions team, they made a significant impact by launching the first decentralized exchange with improved V3 tech.

Algebra has established partnerships with over 25 decentralized exchanges, boosting their capital efficiency. These collaborations have resulted in a total TVL of up to $162 million, with a Daily Trading Volume of up to $200M, and they are continuously expanding their network of partners.

https://algebra.finance/

Telegram | Twitter | Discord | YouTube

Contact

Co-founder
Vladimir Tikhomirov
Algebra
vt@algebra.finance

DUBAI, UAE, November 23rd, 2023, Chainwire

BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, is highlighting the compelling growth stories of the projects that emerge from its project development program, starting with its hackathons. This comes in the wake of BNB Chain’s Istanbul Hackathon, which saw the emergence of a number of strong projects.

The focus of the bear market is building quality Web3 projects – this is a time for developers to concentrate on identifying what real use cases need solving. However, quarterly funding for Web3 startups has dropped by approximately 84% this year. Against this backdrop, thousands of founders have looked to alternate ways to develop their projects to the point of launch readiness.

By providing constant guidance, in addition to routinely incentivising innovation with its global hackathons, BNB Chain mentors these projects through the various stages of their development journeys as they strive to realize the immense potential of Web3. 

Below are the steps that projects can expect to partner with BNB Chain on as they work to realize their vision:

1. Ideate and develop a killer idea at a BNB Chain hackathon
2. Win a reward at the hackathon that allows for initial development
3. Develop further with constant guidance from BNB Chain
4. Get introduced to incubators who can supercharge your project
5. Launch your project on-chain 

BNB Chain Hackathon winners also receive referral codes to apply to the Most Valuable Builder (MVB) to potentially increase their funding. The program – run by BNB Chain and Binance Labs – helps projects develop and grow through mentorship, funding and network support*.

BNB Chain’s recent Istanbul Hackathon saw a number of exciting projects start on this journey, with a number of the winners sharing how they plan to utilize their winnings to advance their projects. 

MoveSpace, an on-chain data labeling and marketplace powered by a vector database, is addressing the data transparency issue in AI training to incentivise human interactions with data with BNB Greenfield. Using the funds they won at the BNB Chain Hackathon, they are further refining their concept – making data tradable as a regular commodity or asset – to make data ownership meaningful, setting them up for success at their first round of fundraising.

Another winning project exemplifying the practical applications of blockchain technology is ZeroX, a Web3 Gaming platform with a core mission of onboarding users to Web3 through gaming. Offering SDK and API services for traditional game development, they are lowering the barriers for traditional game developers and gamers to enter Web3. They will allocate the funds they won at the Istanbul hackathon to accelerate their growth and incorporate BNB Greenfield into their product, putting them in a leading position for their first funding round and upcoming public product launch. 

Learn more about all of the winning projects, their experiences of BNB Chain Hackathon Istanbul and how it is accelerating their growth here.

Tomasz Wojewoda, Head of Business Development at BNB Chain, said: “The quality of the projects that emerged from the BNB Chain Istanbul Hackathon was truly remarkable. It has been great to see their Web3 spirit on full display and to see how they are leveraging opBNB and BNB Greenfield to accelerate their development. Myself and the BNB Chain team look forward to being by the developers’ sides and providing guidance as they continue to build towards realizing their vision.”

*Disclaimer: There is no guarantee that projects will be accepted to the MVB program.  

About BNB Chain

BNB Chain is a community-driven ecosystem with multiple decentralized blockchains, powered by BNB. It consists of BNB Beacon Chain, its staking and governance layer, BNB Smart Chain (BSC), which is EVM compatible and facilitates a multi-chain ecosystem with its Layer-2 solutions including opBNB, and BNB Greenfield, its decentralized data storage network. 

The BNB Chain ecosystem has the world’s largest smart contract blockchain (BSC) by daily active users and has processed 3 billion transactions to date from 232 Million unique addresses. This makes it the largest layer 1 blockchain globally and brings developers massive user access with ultra-low gas fees, higher transactions per second and has experienced zero crashes since its inception. The ecosystem has more than 1,500 estimated active dApps at any given time across multiple categories such as DeFi, Metaverse, Blockchain Gaming, SocialFi, NFT, Infrastructure, and more. There are numerous programs available to support the Web3 ecosystem including the Gas Grant, Builder Grant, Kickstart, Most Valuable Builder (MVB) and AvengerDAO.

Contact

Jack S
jack.sutherland@bnbchain.org

DUBAI, UAE, November 22nd, 2023, Chainwire

• November 19 saw BSC record more than 9.5M transactions in a single day
• Earlier in the week, BSC demonstrated gas price stability during a similar surge

On November 19, 2023, BNB Chain, the community-driven blockchain ecosystem, saw its highest traffic rates since May of 2022 with transactions exceeding 9.5M for the day. More than 7M of the 9.5M daily transactions were attributed to inscription minting transactions on BNB Smart Chain (BSC).

The 1-year high comes amid a week of traffic surges on BSC. November 17 likewise saw a spike in traffic, with gas prices on BSC remaining consistent during the surge. On November 17, with TPS (transactions per second) reaching almost 250 at the peak, gas prices remained consistent at the $0.016 threshold.

While TPS rose to almost 250 on Nov. 17, gas prices on BSC remained steady at $0.016.

BSC’s very large block size is what allows it to handle spikes in traffic smoothly while maintaining a stable gas price. With TPS at around 200, the usage of the block is only at around 15-20%, meaning that the network still has plenty of space left to handle further traffic. 

Learn more about BNB Smart Chain here.

###

About BNB Chain

BNB Chain is a community-driven ecosystem with multiple decentralized blockchains, powered by BNB. It consists of BNB Beacon Chain, its staking and governance layer, BNB Smart Chain (BSC), which is EVM compatible and facilitates a multi-chain ecosystem with its Layer-2 solutions including opBNB, and BNB Greenfield, its decentralized data storage network. 

The BNB Chain ecosystem has the world’s largest smart contract blockchain (BSC) by daily active users and has processed 3 billion transactions to date from 232 Million unique addresses. This makes it the largest layer 1 blockchain globally and brings developers massive user access with ultra-low gas fees, higher transactions per second and has experienced zero crashes since its inception. The ecosystem has more than 1,500 estimated active dApps at any given time across multiple categories such as DeFi, Metaverse, Blockchain Gaming, SocialFi, NFT, Infrastructure, and more. There are numerous programs available to support the Web3 ecosystem including the Gas Grant, Builder Grant, Kickstart, Most Valuable Builder (MVB) and AvengerDAO. 

Contact

Jack S
jack.sutherland@bnbchain.org

Singapore, Singapore, November 22nd, 2023, Chainwire

GC Exchange FZE (GCEX), part of the GCEX Group, has been granted an Operational VASP Licence for VA Broker Dealer services from Dubai’s Virtual Asset Regulatory Authority (VARA).

GCEX, which opened its Dubai office in July 2022 and received its MVP (Minimal Viable Product) Preparatory License from VARA in February 2023, can now start market operations as a Virtual Asset Service Provider (VASP) in the Emirate of Dubai, enabling brokers, hedge funds, family offices and professional traders to access its deep liquidity in digital assets and range of technology solutions.

GCEX facilitates institutional access to digital assets through its proprietary XplorDigital trading solutions, which comprises of a technology-agnostic platform covering regulation, regulated custody, the safety of funds, tier 1 liquidity and technology (both back-end and front-end). GCEX only partners with regulated institutional digital custody and staking providers and always segregates client funds.

Mehtap Önder, Managing Director, GCEX in Dubai, commented, “VARA is leading the way in the global digital asset industry, and we are extremely proud to be one of the first firms to receive a VASP Operating Licence to provide Virtual Asset Broker-Dealer services and the first firm to gain approval to operate with a client money account, highlighting our focus on client protection.

“Being a regulated entity in the region is important to us – it’s the ideal way to demonstrate our commitment to adhering to international standards and implementing robust processes, with transparency and investor protection at the core of our offering. This is a major milestone for our business and is critical to GCEX’s growth strategy, enabling us to have a stronger presence in the region.”                                         

GCEX Group enables institutional clients to access deep liquidity in FX and CFDs on digital assets, as well as digital assets spot trading and conversion as well as a broad range of trading solutions. Headquartered in London, with multiple offices across the globe, GCEX is regulated by the UK’s FCA and registered with the Danish FSA. True Global Ventures are investors in GCEX.

 For further information, please visit gcexmena.com or LinkedIn

About GCEX

Founded in 2018, GCEX is a pioneering regulated digital prime brokerage with a best-of-breed digital asset and FX platform for institutional and professional clients. GCEX has partnerships with Tier 1 trusted Liquidity Providers, leading counterparties and regulated digital custody asset institutions. GCEX offers a wide range of products and technology solutions including White Labels.

GCEX is a trading name of GC Exchange Limited, GC Exchange Fondsmæglerselskab A/S, GC Exchange A/S and GC Exchange FZE. GC Exchange Limited, a company incorporated in England and Wales (No11382809) with registered address at 75 King William Street, London, EC4N 7BE provides FX and CFDs products. GC Exchange Limited is authorised and regulated by the Financial Conduct Authority (FRN 828730).

Digital asset services are provided by GC Exchange A/S, a company incorporated in Denmark (CVR 43088777) with address at Amager Strandvej 390, 2770, Kastrup. GC Exchange A/S is authorised by the Danish Financial Supervisory Authority as a Currency Exchange (FTID 45020) and registered as a Virtual Asset Service Provider (FTID 17524) under the AML regulation.

GC Exchange Fondsmæglerselskab A/S, a company incorporated in Denmark (CVR 43345052) with address at Amager Strandvej 390, 2770, Kastrup. GC Exchange Fondsmæglerselskab A/S is authorised and regulated by the Danish Financial Supervisory Authority as an Investment Firm to offer FX and CFD products.

GC Exchange FZE is incorporated as a Limited Liability Free Zone Establishment under the Dubai World Trade Center Authority with registration number 1896. GC Exchange FZE has been granted a Virtual Asset Service Provider Licence by the Dubai Virtual Assets Regulatory Authority. For more information visit: https://www.vara.ae/

About VARA

Established in March 2022, following the effect of Law No.4 of 2022, VARA is the competent entity in charge of regulating, supervising, and overseeing VAs and VA Activities in all zones across the Emirate of Dubai, including Special Development Zones and Free Zones but excluding the Dubai International Financial Centre. VARA plays a central role in creating Dubai’s advanced legal framework to protect investors and establish international standards for Virtual Asset industry governance, while supporting the vision for a borderless economy.

Contact

Vanessa Green
Wigwam PR for GCEX
vanessa@wigwampr.com
+44 (0)771 333 2303

Zug, Switzerland, November 21st, 2023, Chainwire

Future3 Campus, in partnership with The Open Network (TON) Foundation, has today announced the launch of The TON Bootcamp, an incubation program to foster mini-app development within TON’s Web3 ecosystem in Telegram. The 15 selected teams may receive support for integrating into TON’s Web3 ecosystem and stand a chance to get up to USD $500,000 in funding from Future3 Campus. Applications to be selected for The TON Bootcamp are open until December 18, 2023.

The TON Bootcamp is a Web2.5 incubator, empowering developers to create mini-apps that bridge the Web2 experience with the decentralized benefits of Web3. The program will run for five months and offer selected participants a chance to receive significant funding for their projects. The Bootcamp is focused on supporting projects building real-world payment and gaming solutions to seamlessly integrate into TON’s flourishing Web3 ecosystem in Telegram. 

Participants in the Bootcamp may take advantage of a spectrum of marketplace opportunities, including showcasing their projects on Tapps.Center, enjoying the same visibility that has brought other TON-based applications success. TON Foundation’s team of seasoned blockchain professionals will offer hands-on mentorship and guidance, helping developers navigate the intricacies of integrating their solutions within Telegram’s ecosystem.

The selected projects may also receive the funding and support necessary to deploy their mini-apps in a system designed for the mass adoption of Web3 products. These resources include marketing amplification within TON’s ecosystem and priority access to an active audience of over 800 million monthly users on Telegram. The TON Bootcamp may also equip projects with mentorship from leaders at top blockchain investment institutions and office spaces in Hong Kong, Singapore, and Japan. Bootcamp participants may have the opportunity to present their products and services to an audience of entrepreneurs, industry leaders, and investors at Web3 Festival 2024’s demo day pitch and showcase events.

The TON Bootcamp is an unprecedented opportunity for mini-app developers to transform their visions into reality. Builders worldwide are encouraged to seize this opportunity before applications close on December 18, 2023.

Projects seeking to apply for the TON Bootcamp may click here: https://echo3.ucraft.site

About The Open Network:

The Open Network (TON) is a global, decentralized blockchain community focused on putting crypto in every pocket. By building the Web3 ecosystem in Telegram Messenger, TON’s vision is to empower 800 million users to own their digital identity, data, and assets by 2028. Learn more at https://ton.org/.

About Future3 Campus

The Future3 Campus is a Web3.0-oriented incubation platform powered by Wanxiang Blockchain Labs and HashKey Capital with a mission to promote and foster entrepreneurship and innovation in Web3.0. Focusing on Web3.0 Massive Adoption, DePIN and AI, the Future3 Campus kicks off a $50 million seed fund in Web3.0 incubation worldwide. For more information, please visit http://www.future3.io/#/home, or contact us at contact@future3.io.

Contact

TON Foundation
ton@theagencypartnership.com

San Francisco, CA, November 20th, 2023, Chainwire

Latest Round Led by Placeholder to Fuel Layer-1 Protocol with Fastest Developer Growth this Cycle

Saga, a top Layer-1 protocol and developer ecosystem in web3, today announced the raise of its $5 million seed extension round led by Placeholder, a premier venture capital firm that invests in decentralized protocols and web3 services. This investment marks the largest percentage stake in a pre-Layer-1 launch in Placeholder’s history. Additional investors in this latest round include Longhash Ventures, Com2uS, Dispersion Capital, Red Beard Ventures, Tykhe Ventures and AVID3, among others. To date, Saga has raised a total of $13.5 million.

Saga will continue its projected growth by expanding its team of cutting-edge technologists, ambitiously building its community and ecosystem activation via strategic partnerships, and growing its Saga Innovator Program. In less than two years, Saga has 295 Innovator projects building on its protocol, and anticipates over 300 when the Saga Mainnet launches in early 2024. Additionally, Saga has cemented partnerships with flagship web3 projects including Polygon, Avalanche, and Celestia, positioning itself as a leader in web3 development.

“Saga’s vision is to unblock developers from the high barriers to successfully building in web3,” said Rebecca Liao, Co-founder and CEO of Saga. “We’re thrilled to have Placeholder lead this round, as they, along with our other amazing investors, are helping to empower and accelerate our support of projects with the Integrated Stack – what developers have been waiting for to easily create consumer apps for broad adoption.” 

Saga is the next iteration of a base protocol in web3 – hyper-focused on developer needs, and dedicated to ensuring blockspace is abundant and can be simply accessed. For every monolithic L1, blockspace has come to mean scarcity, creating high and variable gas fees, congestion, and throughput limitations. The modular stack attempts to solve these problems with paralyzing complexity: rollups, data availability, fraud proofs and shared sequencers are all separate components that have their own cost and performance challenges. Saga’s Integrated Stack is the next disruption in web3.

Saga is hot off the heels of launching its Incentivized Testnet (ITN), named Pegasus. After only two weeks, Pegasus logged over 150,000 transactions and opened 30,000 wallets, with one of the highest numbers of participants and transactions for an ITN. Saga will be airdropping tokens to Pegasus participants – and other community members outside the ITN – on performance in predetermined quests. Additional details can be found here. 

“We expect blockchain architectures in the coming years to be much more reminiscent of cloud architectures, with Saga purpose-built to help usher in that future,” said Chris Burniske, Partner at Placeholder. “On-demand blockspace provisioning, paired with cutting-edge validator orchestration, sets Saga up to provide blockspace as it’s needed in a horizontal, scale-out fashion akin to the cloud environments of today. The Saga team has roots going back to the earliest days of Cosmos, alongside power players in research, engineering, and politics, setting Saga up to lead a major movement within web3.”

Saga continues to bring leading web3 projects, developers and creators together in the Saga Multiverse through its strategic partnerships and encouraging collaboration among its ecosystem and community. The Saga protocol offers an integrated stack of automated, high-performance, gasless, interoperable, and customizable chains, called Chainlets. Saga developers can interoperate freely among Chainlets and take advantage of fast bridging to other ecosystems via fast transaction finality on Chainlets. This allows developers to not only move assets, communications and creations cross-chain, but also to elastically scale their applications across multiple Chainlets. Developers can therefore experience limitless performance and scalability that is only possible with Saga.

Note: The airdrop is not and will not be available to U.S. persons (or persons acting on behalf of U.S. persons). In order to participate in the airdrop, a person or entity must not be a U.S. Person as defined in Rule 902 under the United States Securities Act of 1933 or a U.S. person within the meaning Section 7701(a)(30) of the United States Internal Revenue Code. A full terms and conditions for participation in the airdrop will be made available as part of the claims process.

About Saga

Recognized as a leading developer ecosystem in crypto and web3 gaming, Saga is creating the developer environment of the future. Its mission is to help creators unblock themselves and build where blockspace is at its most plentiful and simple. Saga was founded in 2022. Early seed investors include Placeholder, Maven11, Longhash, Samsung, Com2uS, and Polygon. Originally built on Cosmos, Saga has furthered its presence by bringing typically disparate but the best ecosystems into its Saga Multiverse through ongoing strategic partnerships.

To learn more about the Saga protocol, check out Saga’s website, litepaper, and developer documentation. Be sure to join Saga’s Discord and Telegram and follow Saga on Twitter for the latest news and updates.

Contact

Sonia Im | Angella Austin
ONE PR Studio [for Saga]
saga.xyz@oneprstudio.com