Prague, Czech Republic, August 13th, 2024, Chainwire
Victoria VR, a blockchain Virtual Reality World and AI VR builder developer, today announced the launch of its latest game, VRtap. Designed as a cutting-edge Strategic PvP for Telegram, the new title mixes play-to-earn with strategic PvP battle to connect realistic Virtual Reality gaming to mobile users.
Allowing players to engage in dynamic gameplay by developing unique characters and champions, competing in strategic PvP battles, and gathering valuable resources, the game features an immersive experience that incorporates the principles of the five natural elements of Feng Shui. Players can master and purchase a variety of champion characters, each with unique abilities, and level them up to enhance their skills in battle. Exclusive champion skins and a quest and task system are essential to gameplay, furnishing additional customization.
With strategic PvP battles at the heart of the game, players use spells to outmaneuver and defeat their opponents. Players earn VR Points as both active and passive income from winning battles or mining resources, offering multiple strategies for wealth accumulation in a unique play-to-earn VR environment.
“With the launch of VRtap, we are bringing a new level of strategic gameplay to mobile devices while introducing immersive experiences that our VR games are known for,” said Adam Bém, CEO & Co-Founder at Victoria VR. “Combining the tactical depth of strategic PvP battles with the accessibility of Telegram, we are creating a bridge between mobile and VR gaming. This integration enables our community to engage across platforms in an innovative manner. Additionally, there are rumors that VRtap active users may be rewarded with a completely new category of airdrop, which has never been seen before!”
The Telegram game is a mobile extension of Victoria VR’s PvP Arenas, integrating with the existing VR game to allow players to connect with the community and compete for VR Points.
Victoria VR is a blockchain-based Virtual Reality World with Realistic Graphics. It combines MMORPG elements with a revolutionary VR AI Builder, allowing anyone to create their own VR experiences without any coding skills.
New York City, New York, August 12th, 2024, Chainwire
PlayFi, an AI-powered data network and blockchain tailored for the live content industry, today announces the upcoming small, exclusive batch sale of Genesis Nodes. While PlayFi’s main Node Sale will take place later in 2024, the recent traction of the testnet – which saw over 70,000 transactions take place in a single week – has accelerated the need for node activation.
PlayFi is the first AI and data platform to enable web3 features to be built on top of live content. The protocol bridges the gap between content and actionable data, with infrastructure that allows studios and creators to seamlessly integrate blockchain primitives on top of games, streams, sports and entertainment content. PlayFi’s proprietary AI models extract data from content in realtime, validating it for authenticity and storing it on a high-availability data-edge network.
This Genesis Node Sale pushes forward PlayFi’s mission to power the future of smart content. The nodes power PlayFi’s protocol and with their testnet already sustaining heavy traffic, it’s time to bring their decentralized data layer online.
Genesis Node Features:
All PlayFi Node Licenses are priced at $400, a cost that is 20% cheaper than the base tier pricing of the public sale later this year.
All of the Genesis node operators will be rewarded with the amount they spend on the node in the $PLAY token.
All Genesis node runners will receive a guaranteed airdrop boost of 2,500 points, which can be tripled simply by joining the PlayFi Discord.
In the lead-up to the official node sale, community members can participate in tasks across Discord and Twitter to earn a Genesis role and maximize their airdrop points.
Once the Genesis Sale runs out, Explorer Nodes will be available for $500 for a limited time, which will be accompanied by their own set of benefits.
“Over 50% of global internet traffic is people watching and playing content. At PlayFi, we’re on a mission to empower creators and users through partnerships with industry leaders while rewarding our early supporters,” says Ben Beath, founder of PlayFi. “A top priority for us is ensuring users feel safe, comfortable, and confident supporting our network with the understanding that they will be rewarded for being early adopters of PlayFi’s technology.”
PlayFi modular nodes power the entire PlayFi protocol, from advanced AI processing to data storage. Each node contains four unique modules—Artificial Intelligence, Coordination, Zero Knowledge, and Storage—allowing operators to customize functionality and earning potential. To ensure a highly decentralized protocol, 20% of the total $PLAY supply is allocated to node operator rewards.
In addition, PlayFi has strategic alliances with other web3 giants such as Aethir, MultiversX and Polygon to strengthen its offerings to its community and for its cutting-edge technology at the intersection of AI and web3.
“Our goal is to increase network usage by demonstrating clear benefits to our node operators, sustaining a massive and rewarding decentralized network for years to come. Ultimately, we aim to create a future where content is not just consumed, but becomes interoperable with the power of web3 primitives.” Beath said.
PlayFi is transforming the live content landscape by seamlessly integrating advanced blockchain technology and AI. Utilizing our secure, scalable zkEVM blockchain, PlayChain, and AI-driven decentralized network, PlayBase, we offer fast transactions, innovative content development, and enhanced live content experiences. PlayFi empowers content creators, developers, node runners, and studios to unlock new rewards streams and build category-defining experiences without compromising core engagement. Adopters include leading content creators and developers aiming to create a richer, web3-enhanced live content environment. Backed by top-tier investors and partners, PlayFi is building a more connected, secure, and vibrant content economy. Users can learn more: playfi.ai.
Zeus Network announced the launch of its first dApp APOLLO, built on top of Zeus Program Library (ZPL) and marking the final Testnet to integrate Bitcoin liquidity with the Solana ecosystem. In just 72 hours, the testnet has seen over 15,000 wallets connected since its launch on August 8th, demonstrating high engagement from the crypto community.
The APOLLO testnet aims to place Bitcoin into an optimized DeFi utilization on Solana, allowing the conversion of Bitcoin into zBTC, a token native to Solana. This testnet launch advances the utility of Bitcoin in decentralized finance and innovation within the Solana network. Building up to a forthcoming ZEUS token utility and staking program, the launch of APOLLO is a part of Zeus Network’s larger goal to integrate Bitcoin liquidity seamlessly into Solana.
The testnet has progressed through several phases, with the initial testnet launched six months prior with 4,000 users and growing to a broader testnets that saw engagement from over 70,000 participants. The current and final testnet is anticipated to involve over 100,000 participants, reflecting growing interest and confidence in the project.
APOLLO allows users to claim test Bitcoin (tBTC), deposit it on the APOLLO platform for conversion to zBTC, and withdraw zBTC back to the Bitcoin blockchain. The testnet supports various wallet connections, including Muses Wallet (a Bitcoin wallet provided by Zeus Network available exclusively for APOLLO Testnet), Solana Wallet, and Bitcoin Devnet Wallet. It also includes programs such as the Two-way Peg Program and zBTC Minting Program, with ongoing developments in liquidity management.
In conjunction with the testnet, Zeus Network has launched the testnet point system on Galxe titled “Prophecy of Light.” Participants can earn Galxe Loyalty Points by engaging with the testnet, which can be redeemed for future rewards on the APOLLO mainnet.
For more information and to participate in the APOLLO Final Testnet, visit APOLLO Testnet and join the Galxe campaign.
About Zeus Network
Zeus Network transforms blockchain interaction by providing an interoperable solution for the Solana ecosystem. Powered by Solana Virtual Machine (SVM), Zeus Network empowers Zeus Nodes to ensure robust security and seamless data exchange. This initiative clears the path for Solana to become the premier hub for all ecosystems, captivating millions of users across diverse blockchains.
Facilitating interoperable communication among cross-chain dApps, Zeus Network empowers liquidity and complex applications to seamlessly engage with Solana in a decentralized and permissionless environment, making it accessible to everyone.
Wofe introduces an exhilarating fusion of online gaming and futures trading, built on the high-performance Solana blockchain. This cutting-edge platform offers a seamless gaming experience, with transparent and secure transactions due to blockchain technology’s inherent verifiability.
Wofe’s Role in the iGaming Landscape
iGaming is a rapidly evolving industry that heavily incorporates emerging technologies like blockchain, cryptocurrencies, and virtual reality to elevate user experience and safeguard transaction security. As a global industry, iGaming spans diverse regulatory landscapes; it operates openly in some regions and faces restrictions in others. This sector remains central to the global economy, attracting players and operators worldwide and driving investments, employment, and revenue for multiple economies.
Security remains paramount in iGaming, with advanced anti-fraud systems and strict data protection protocols in place. The industry is also leveraging mobile technology, boosting the number of players who prefer gaming on mobile platforms. Artificial intelligence and analytics now play critical roles in tailoring player experiences and supporting responsible gaming initiatives to curb gambling addiction. By combining technology with regulatory compliance, iGaming continues to be a vibrant segment of the entertainment market, offering varied content and fostering a sense of global community.
As a new player in this space, Wofe stands out as a game-changer, offering more than a typical gaming experience. This Solana-based platform seamlessly integrates high-quality gaming with blockchain’s transparency, providing a secure and rewarding environment for users. Players can enjoy new earning opportunities with blockchain-based transparency ensuring fairness, while a vibrant community grows around Wofe, rewarding both committed stakeholders and actively engaged users.
Embark on an Immersive iGaming Journey with Wofe
Wofe combines rich gaming content with innovative trading features and NFT staking, allowing players to explore untapped areas of iGaming. The platform offers a range of custom-designed games, including CRASH and PLINKO, with new games regularly introduced to enhance user engagement and profitability.
Beyond gaming, Wofe offers advanced futures trading tools that allow users to take advantage of market fluctuations, maximizing profit potential with high-speed transactions. Currently, Wofe supports tokens like SOL, USDC, and USDT, with plans to introduce other SPL tokens like PYTH, JUP, and TIA soon.
Expansion is also underway to integrate more blockchain networks, such as BTC, ETC, BNB, MATIC, APTOS, CANTO, and FTM, while enhancing compatibility with wallets like Metamask, Solflare, WalletConnect, and Rainbow. This broadened compatibility will make it even easier for users to connect to Wofe through supported wallets and boost the platform’s token ecosystem.
The Wofe project further distinguishes itself by harnessing the power of NFTs, granting users additional privileges that enrich the gaming experience. Wofe launched the Genèse Collection NFT series on March 12, 2024, with 90% of the NFTs sold in under five minutes at $400 per NFT. Currently, the Launch Collection is in development, featuring 10,000 NFTs, with 1,000 reserved for community and partner collaborations.
NFT holders receive a share of revenue from token sales, incentivizing ongoing participation in the Wofe ecosystem and offering unique earnings opportunities. With the ability to stake NFTs for additional rewards, Wofe introduces a new model for investing in the iGaming sector, where players can earn a portion of the platform’s revenue after expenses, creating a direct link between engagement and profit.
The Core of Wofe’s Ecosystem: $WOFE Token
The $WOFE token is central to Wofe’s ecosystem, structured to build a vibrant, engaged community. The total supply of $WOFE tokens is capped at 10 billion, allocated strategically to support liquidity, marketing, rewards, and reserve funds. This structure supports a reliable community, fostering long-term relationships with stakeholders and encouraging active participation.
Token distribution is as follows:
Liquidity Provision: 31% of tokens ensure smooth transactions and stable market conditions.
Ecosystem Rewards: 20% incentivizes user engagement through staking and airdrops, promoting an active community.
Marketing: 10% of tokens drive awareness and user growth, establishing Wofe as a prominent name.
Reserve: 10% maintains stability and growth while aligning incentives.
Investments & Team: 29% of tokens cover seed rounds, public sales, and rewards for the team and advisors.
$WOFE tokens provide numerous benefits: revenue sharing, staking rewards, VIP access, lotteries, and raffles. Together, these utilities foster an engaging experience that supports the ecosystem’s growth and sustains long-term value for token holders.
To maintain token stability and long-term value, Wofe employs a “Buy & Burn” model, using daily platform proceeds to repurchase and permanently burn $WOFE tokens. This deflationary approach supports token value by reducing circulating supply as Wofe expands, enhancing scarcity and long-term appreciation potential.
Embracing New Horizons with Wofe
Wofe’s multichain ambitions position it as a trailblazer in iGaming, attracting users interested in blockchain-backed transparency and efficiency. Blockchain supports secure and transparent payments, reducing transaction fees and enhancing data management, making Wofe accessible to a diverse audience.
The platform also introduces a new type of tournament, allowing players to compete and earn $WOFE tokens. These events foster community engagement and heighten interest, enabling players to earn through gameplay and increase their involvement in the platform.
With a blend of premium gaming and tournaments, Wofe establishes a user-friendly experience that combines entertainment with earning potential. Strategic plans for multichain integration will expand Wofe’s reach, allowing users to interact with a variety of digital assets. By continually refining the gaming experience and adding value to its community, Wofe is set to redefine the online gaming and DeFi landscape.
What’s Next?
Looking forward, Wofe is focused on broadening compatibility across blockchain networks to enhance accessibility and utility for its users. A multichain approach will ensure seamless interaction with an expanding array of crypto assets, amplifying Wofe’s appeal. Additionally, Wofe’s gaming offerings will continue to evolve, introducing a range of exciting blockchain-powered games that attract diverse audiences.
Future plans also emphasize enhancing benefits for the community, with expanded incentives and rewards programs to strengthen loyalty and long-term engagement. By prioritizing user experience, Wofe seeks to create a sustainable ecosystem where every participant is rewarded for their commitment.
Transform Your Gaming Experience with Wofe
Wofe represents a fresh era in gaming. With its innovative approach to tokenomics, revenue sharing, and community empowerment, Wofe appeals to both gamers and investors interested in the latest blockchain advancements.
NFT holders have the unique benefit of earning from Wofe’s games, creating an exciting and profitable experience. Easy navigation and interactive features make Wofe enjoyable for all users, while Solana’s blockchain ensures low transaction fees and secure, reliable play.
The platform’s referral program adds further value, allowing users to earn bonuses when inviting new players, with rewards based on referral activity and the total wagers placed. Increasing VIP status yields higher rewards, creating a structured, progressive reward system for community growth and engagement.
Wofe is dedicated to responsible gaming, requiring participants to be over 18 or meet the legal gambling age in their jurisdiction. Parental controls are recommended for families with minors to restrict content access.
Join Wofe: A Future Defined by Innovation
Welcome to Wofe, where the future is in your hands. Dive into a world where ambition meets opportunity, and join us in reshaping the gaming landscape with blockchain technology.
London, United Kingdom, August 9th, 2024, Chainwire
NeurochainAI, a decentralized AI-as-a-Service (DeAIAS) network, today launched its Token Generation Event (TGE) with its $NCN token becoming available for trading at 12 pm UTC on two centralized exchanges, Gate.io and WhiteBIT, with listings on additional CEXs to be announced in the near future.
With over 150,000 users already onboard and more than 80,000 wallets connected to the platform, NeurochainAI is swiftly establishing itself as a leader in the DeAIAS space that also covers a reliable DePIN for AI Inference. To further enhance user experience and accessibility, NeurochainAI has rolled out a beta version of its mobile app for AI inference. The beta app is already being tested by over 3,000 users across 183 countries, reflecting the global demand and anticipation for NeurochainAI’s innovative solutions.
The TGE marks the official launch of NeurochainAI’s $NCN token, with the project committed to a fair launch strategy by listing directly on centralized exchanges (CEXs), ensuring equal access and better terms for everyone. As a part of the strategy, the community also has the opportunity to earn NCN by connecting GPUs and participating in data tasks for extended periods of time.
With a strong reputation in the industry and over 10 million users, Gate.io boasts a daily trading volume that exceeds $12 billion. WhiteBIT stands out as a top choice for crypto enthusiasts with impressive trading volumes and over 4 million users from 150 countries.
The token launch will be immediately followed by the introduction of node staking, an initiative aimed at fostering network decentralization with a fair way to grow a validator network. The approach mirrors industry best practices, ensuring transparency with rewards known upfront, decentralization as the same stake applies to all nodes, and a fair chance for all to participate on a first come, first serve basis.
“We’re focused on creating a TGE and node staking that makes fairness and transparency a central goal, ” said Julius Serenas, CEO of NeurochainAI. “Our fair launch approach ensures all participants have the opportunity to partake in the NeurochainAI ecosystem, promoting network decentralization and community-driven growth in the AI-as-a-Service space.”
Operating a Neuron Validator not only contributes to the ecosystem’s decentralization but also rewards participants with daily $NCN compensation, where a stable amount of native coins must be staked to become a validator. 40% of the $NCN supply will be allocated to Neuron Validator NFTs, with a structured vesting plan designed to incentivize long-term engagement.
To learn more about NeurochainAI’s node staking opportunities and becoming a Neuron Validator, visit their guide here.
About NeurochainAI
NeurochainAI is a decentralized AI-as-a-Service (DeAIAS) network that streamlines the process of building, launching, and use of AI-powered decentralized applications (dApps). Providing a ready-to-use AI infrastructure, the network enables developers to create AI dApps up to 24 times faster and 5 times more cost-effectively compared to traditional methods. The platform is focused on advancing the field of AI application development, offering unparalleled ease of use and affordability.
With the rise of the meme coin market, Yawn introduces itself as the first meme token embedded within a $1 billion ecosystem. As part of the Boys Club, YAWN allows holders to potentially gain from its expanding brand and community-focused initiatives.
YAWN aims to establish a unique position in the cryptocurrency market, leveraging advancements in technology and AI. $YAWN is supported by experienced e-commerce marketing professionals known for their success in scaling online businesses. Their involvement is expected to drive the growth and success of YAWN in both the e-commerce and crypto sectors.
YAWN’s World: Merchandise and an Expansive Product Lineup
One thing that sets YAWN apart from a token like DOGE or PEPE is its merchandise and supplement offerings.
Available on the official Yawn E-shop (https://shop.yawnsworld.com), offerings include Sleep Gummies, Creatine, Hangover Strips, and Calming Capsules. Upcoming merchandise such as shirts, hoodies, hats, and plushies will further solidify the brand’s presence.
The YAWN ecosystem will also benefit from celebrity endorsements and extensive influence campaigns across various platforms. Future developments include a YAWN Sleep App designed to optimize users’ sleep and an AI-integrated wallet featuring a chatbot to assist traders in the crypto space. Additionally, a YAWN Web3 game is under development, integrating $YAWN, NFTs, and other rewards for users.
$YAWN Tokenomics and Security
An important aspect of the YAWN ecosystem is the tokenomics of the crypto. The total supply is 8 billion tokens where there’s a 0% tax, with no transaction fees on trades.
Additionally, 80% of the liquidity is locked for 1 year. That will make sure that there is stability with a $75,000 ETH match for the first year. The project also has a 10% development fund, with a 90-day time lock that is released daily, as well as a 5% marketing fund that is 60-day time locked and also released daily.
Finally, the token has a 5% centralized exchange fund. This will reserve tokens for a future listing on a CEX exchange. Any unused funds will be time-locked thereafter. Those will be used for liquidity, burning, or adding to a staking pool.
Security measures are robust, with the token audited by CoinMarketCap auditor Cyberscope, ensuring focus on security during rapid growth.
The Roadmap
For any crypto, the roadmap is tremendously important. YAWN features a four-phase outline:
Phase 1: The first step will be the $YAWN token launch and a marketing blitz. That will allow for clear brand establishment in the crypto space. An already developed supplement and merchandise brand alongside a notable celebrity and influence ad campaign. The products will also launch on both Amazon and TikTok shops.
Phase 2: Release of a brand-new NFT collection and additional CEX listings
Phase 3: This aspect of the plan will see the launch of GPU/Node services. It will also be the phase where the YAWN AI Sleep App is unveiled. Along with the application, the ecosystem will also introduce its own AI wallet.
Phase 4: This is where Web3 gaming comes in, as YAWN game development goes into overdrive. Additionally, DAO empowerment takes place, positioning the meme coin among the market’s most beloved cryptos.
How to Acquire $YAWN Tokens
$YAWN is available for purchase on the MEXC exchange and the decentralized exchange Uniswap. The contract address for $YAWN is 0x881d4C8618D68872fA404518B2460eA839A02a6a.
Become Part of the YAWN Community
For those interested in the expanding YAWN brand, joining the community offers a way to engage with and contribute to the ecosystem. Users can follow the project on its website, Telegram, X (formerly Twitter), and Coinmarketcap for updates and participation opportunities.
About YAWN
YAWN’s World is a pioneering meme token embedded within a billion-dollar ecosystem, merging cryptocurrency innovation with e-commerce. Supported by a team of seasoned marketing professionals, YAWN offers a diverse range of products, including supplements and merchandise, and aims to transform the meme token market with advanced AI technology and a unique product lineup.
London, United Kingdom, August 7th, 2024, Chainwire
Blockchain-based solution drives significant improvements in data visibility, accuracy and operational efficiency within cargo handling sector, according to research conducted by Aventus at Heathrow Airport
Airlines can benefit from overall cost savings in their cargo handling operations by leveraging Web3-based solutions, according to a study conducted by Aventus & Airport Perishables Handling (APH) at Heathrow Airport.
The existing toolset used for global ULD management has remained unchanged since the 1990s and relies heavily on manual data inputs, resulting in critical challenges with data visibility and accuracy, secure information sharing, and costly ULD losses, damages and delays – costing airlines north of $1.6 billion annually.
Web3, through blockchain technology, offers a robust solution to the challenges of traditional ULD management, by:
Enabling immutable, tamper-proof records that provide a single source of truth, eliminating disputes and improving regulatory compliance;
Reducing administrative overhead and minimize errors by automating manual processes via self-executing smart contracts;
Enabling real-time visibility into ULD location, custodianship and condition, and streamlining data sharing to enable airlines to optimize operations.
In a pilot study conducted at Heathrow Airport, Aventus, an industry-leading provider of end-to-end Web3 solutions for enterprises and parachain on Polkadot, found that its end-to-end blockchain-based cargo handling solution drives improvements in data visibility, accuracy and operational efficiency within the cargo handling sector.
90% reduction in communication and error incidents as a result of digitized data capture;
83% reduction in manual documentation time;
81% reduction in time between ULD stock updates from 3-4 hours to just 30 minutes, enabling real-time decision-making; and
28% reduction in loading times as a result of optimized ULD loading workloads.
Alan Vey, Founder at Aventus, comments: “These results are truly remarkable, underscoring the transformative potential of blockchain for not only the aviation industry but for supply chains globally. We are proud to be empowering enterprises to enhance data accuracy, reduce operational inefficiencies, and achieve greater transparency. As we expand our partnerships across North America, Europe, the Middle East and Asia, we anticipate these results to only improve via network effects.”
Michelle Roosevelt, Director at Aviation Perishables Handling, adds: “Aventus’ technology is fast and responsive, which is key in our busy airport environment. We’ve seen huge improvements in productivity. The app is more than a tool – it’s reshaped how we manage and track our aircraft containers, and the Aventus team’s support and expertise in meeting our needs has been outstanding.”
Aventus’ aviation solution brings partnerships with major enterprises to the Polkadot ecosystem, including Aviation Perishables Handling at Heathrow Airport, Vodafone’s Digital Asset Broker, as well as other major airlines across Asia and the Middle East.
For more information on the study, users can download the full report here.
About Aventus
Aventus transforms how customers create trust and unlock growth, crafting pioneering Web3 solutions for brands, from creating more connected, integrated experiences to enhancing traceability, transparency, and product authentication. Founded in 2020, Aventus is the only trusted digital product extension platform that provides a secure and reliable Web3 environment for customers to launch market-leading programs and product activations.
With deep industry expertise and a strong understanding of enterprise needs, Aventus delivers the best feature sets of Web3 with the familiarity of Web2, driving significant brand reputation, trust, and enterprise growth for its customers. Its production-ready, end-to-end Blockchain-as-a-Service software is modular, scalable, and interoperable, giving clients the flexibility they need to respond to rapidly-evolving market opportunities.
Contact
Head of Marketing Ellie Hyman Aventus ellie.hyman@aventus.io
Australian gemstone company NYBlue Pty Ltd has emerged as a key player working to redefine the global gemstone market. The company’s strategic venture involves a plan to secure control over the world’s blue zircon supply, a move that holds the potential to reshape the value dynamics of the global gemstone market.
Previously this month, the company released its whitepaper, detailing its current pre-sale and subsequent public float of its ‘real world asset’ cryptocurrency, following its announcement of holdings of more than one million carats of the rare gemstone.
NYBlue’s primary strategy lies in systematically increasing its current holdings, to continue acquiring all available Cambodian blue zircons, establishing control over the supply chain and potentially influencing the future value of these precious stones.
Earlier today company representatives were interviewed on CryptoBanters’ Town Hall podcast, to announce the launch of their RWA token pre-sale which has garnered considerable interest from the crypto community since being announced earlier this year.
NYBlue majority shareholder, Mitch Brownlie has stated “We believe that Cambodian blue zircon deserves recognition as one of the most extraordinary, underappreciated and undervalued gemstones on the market”
The Australian company NYBlue; is financed by Australian AgTech founder & former political advisor; Mitch Brownlie, who has recently discussed the project on various podcasts; often comparing the NYBlue project with a previous gemstone rally; when the African gemstone ‘tanzanite’ surged from obscurity, to reach parity with Diamond.
NYBlue, has previously announced its plan to launch its gemstone-backed cryptocurrency codenamed ZIRC where each token is fully backed by and redeemable for a 1-carat blue zircon gemstone. This approach allows consumers to benefit from the rise of blue zircon without the risks of volatility associated with traditional cryptocurrencies. Owners of Zirc tokens will have the option to redeem their cryptocurrency for gemstones at any time, ensuring a stable, arbitrage-enforced peg between the two assets.
NYBlue aims to acquire the majority of globally available gem-quality blue zircons, effectively positioning itself as a dominant force in the market. This approach is designed to exert influence over the supply chain, creating a ripple effect on the market value of blue zircons across the industry.
NYBlue’s strategic initiative is not a short-term play; it is an ambitious endgame to secure a controlling stake in the multi-billion-dollar gemstone market. With a collection of gemstones valued at around $300m, NYBlue aspires to redefine the gemstone narrative on a global scale. This venture positions the company as a significant player, with the potential to impact the industry’s landscape for years to come.
In their quest for dominance in the gemstone market, NYBlue has announced a new and highly disruptive initiative; the launch of a blockchain-backed cryptocurrency named ZIRC, with each unit of the blockchain being fully backed by; and redeemable for a 1 carat blue zircon gemstone. This innovative approach allows individuals to participate in the potential rally of blue zircon values, by offering exposure to the underlying commodity without the inherent risks associated with traditional highly volatile cryptocurrencies.
Buyers have the option to redeem their ZIRC tokens for actual gemstones at any time, effectively eliminating the possibility of the token’s value dropping below the market price of the gemstone itself, providing consumers with a tangible and secure asset. This strategic integration of blockchain technology not only enhances transparency and security but also democratises access to the exclusive world of the international gemstone trade.
Zirc offers a cryptocurrency fully backed by blue zircon gemstones. Each ZIRC token is redeemable for a 1-carat blue zircon, providing a stable and tangible asset. The platform aims to integrate blockchain technology to enhance transparency and security, making it accessible for individuals to participate in the gemstone market without the risks associated with traditional cryptocurrencies. Zirc’s approach democratizes access to blue zircons and offers a unique investment opportunity backed by real-world assets.
Contact
Director Mitch Brownlie NYBlue Pty Ltd redeem@nyblue.com
Grand Cayman, Cayman Islands, August 6th, 2024, Chainwire
Sui’s new Mysticeti protocol cuts consensus latency to 390 ms, elevating its industry-leading tech and developer stack to new highs.
Sui, the pioneering Layer 1 blockchain known for industry-leading performance and infinite horizontal scaling, today announced the successful deployment of Mysticeti on Sui Mainnet after a successful run on Testnet. This innovative protocol cuts consensus latency to an astonishing 390 milliseconds, establishing Sui as the fastest consensus layer in the industry.
Developed from extensive research into Byzantine fault tolerance (BFT) consensus mechanisms, Mysticeti represents a significant advancement from Narwhal-Bullshark, the consensus algorithms launched with Sui Mainnet over a year ago. Mysticeti achieves unprecedented transaction speeds, extending Sui’s impressive low latency performance across all transaction types on the network.
Sui’s object-oriented architecture allows the network to process transactions differently based on the characteristics of the transaction and the objects involved. Transactions on Sui involving only “owned objects,” such as peer-to-peer transfers, bypass the need for consensus, following a fast-path execution that completes in a shorter time. Now, with Mysticeti, transactions involving shared objects, such as those in marketplaces or collaborative game assets, are processed using an optimized version of BFT consensus that results in lower latencies nearly akin to those of owned object transactions. Mysticeti minimizes cross-validator communication and fully utilizes network bandwidth to maintain high throughput.
Live on Testnet for the past three months, Mysticeti’s remarkable results – including an 80% reduction in latency – generated significant buzz within Sui’s developer community and a broad desire to see the update pushed to Mainnet. With the update now live, the Sui Network can handle tens of thousands of transactions per second with end-to-end latencies well below one second.
“Mysticeti’s successful deployment is a testament to the collaboration between research and engineering, and the validator community that has integrated this new consensus mechanism,” said Dmitri Perelman, Head of Engineering at Mysten Labs. “Mysticeti is a next-generation consensus protocol that sets a new standard for blockchain transaction speeds and puts Sui at the forefront of our industry.”
Kevin Nelson, Co-Founder & CTO of Aftermath Finance, which created a leading DeFi protocol on the network said, “Mysticeti’s shift to minimizing latency for the general case—shared object transactions—marks a significant advancement across many sectors on Sui, particularly within the Sui DeFi ecosystem. The rollout to Mainnet has already begun to show tangible results, with noticeable latency reductions across our entire product suite. At Aftermath, we are excited to leverage Mysticeti’s full capabilities to deliver more efficient, lower latency products to market.”
Rabeel Jawaid, Co-founder of leading derivatives exchange Bluefin said, “On-chain settlement latency just dropped significantly on Bluefin with the Mysticeti upgrade! P50 consensus latency currently is just under 400ms and E2E client latency when measured via a fullnode is under 1s for P50, which as far as I know is the fastest in Web3 right now – especially at scale with parallelization. With this upgrade, the trading experience on Bluefin has already become more seamless for retail, and our institutional partners have started to scale their flow and liquidity on the platform.”
Bonkman, the pseudonymous Founder of Hop, a DEX aggregator on Sui said, “Hop allows users to interface with Sui DeFi. This makes it dependent on Sui’s consensus mechanism and before Mysticeti swaps took roughly 2-3 seconds. Now, nearly every single swap takes less than 1 second to execute and reach finality. In all of web3, there has never been a better DeFi experience that is present today on Hop via Mysticeti.”
George Town, Grand Cayman, August 5th, 2024, Chainwire
Zircuit, a fully EVM-compatible ZK rollup with AI-enabled sequencer-level security, today announced that Mainnet Phase 1 is now live. Mainnet Phase 1 also includes the launch of the Zircuit Mainnet Festival, a first-of-its-kind program that rewards ZRC and a chance to win large prizes in proportion to gas spent on the Zircuit network.
To reward users who participated in its highly successful staking program with over $2B staked, Zircuit also opened Season 1 Airdrop claims. Users who staked assets in the Season 1 points campaign may now claim their tokens.
During the Mainnet Phase 1 stage, users will be able to bridge funds to Zircuit’s Mainnet and interact with projects in Zircuit’s ecosystem including Ambient Finance, DODO, Circuit, Zerolend, Ethena, Lynx, InstaDapp, LogX, Shoebill, and more. Developers are also welcome to deploy applications on Zircuit mainnet and join the thriving ecosystem of over 60 projects.
As part of the launch, Zircuit is hosting the Zircuit Mainnet Festival which rewards users with ZRC tokens whenever they pay gas fees on Zircuit mainnet. Additionally, participating users will have the chance to win prizes, and a super prize of 100,000 ZRC. This festival encourages users to interact with the network and experience the benefits of Zircuit while earning ZRC tokens and prizes.
Mainnet Phase 1 will introduce a cap on the amount that each wallet can bridge, with caps increasing over time. During this initial phase, users may bridge ETH only, with other assets slated to be added progressively. This allows Zircuit to launch in the most secure way possible and provides a broader distribution of Zircuit rewards to smaller wallets.
During this phase, Zircuit opens the ZRC token claims portal to reward users who were early contributors and participants in the network. Those who earned Zircuit Points in Season 1 of Zircuit Staking will be eligible. While tokens are claimable during this time, they will be non-transferable until a later date. To prepare for the asset migration in Phase 2, where staked assets will transfer from Ethereum mainnet to Zircuit mainnet, Zircuit will start collecting wallet addresses from users who intend to move their staked assets once the network is fully live.
“Launching the first phase of mainnet is a significant milestone for us. Developers and users can now experience the full benefits of Zircuit and our breakthrough technology, sequencer-level security. In addition, the Mainnet Festival is a first-of-its-kind mechanism that most directly rewards early active users. We see Zircuit as the foundation for the next wave of innovation in web3 and we look forward to seeing what decentralized applications will be built on Zircuit next,” stated Martin Derka, co-founder of Zircuit.
Zircuit protects users from hacks through its built-in, automated AI techniques that guard users against smart contract exploits and malicious actors. Bolstered by its strong security infrastructure, Zircuit is the central hub for restaked assets featuring unparalleled security and allowing users to earn industry-leading yields natively. Zircuit is the premier liquidity hub for restaked assets (ETH, BTC, LSTs, and LRTs) where users enjoy stronger security guarantees and trust.
Zircuit is a ZK rollup with AI-enabled sequencer-level security and parallelized circuits. Built by a team of web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuit’s unique architecture combines the best of both worlds of performance and security. To learn more users can visit zircuit.com or follow us on Twitter/X @ZircuitL2
