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