Singapore, Singapore, August 21st, 2024, Chainwire

The landmark milestone marks the start of a new era for Bitcoin’s utility

Following the launch of FBTC, an omnichain Bitcoin asset maintaining a 1:1 peg to BTC, Ignition today announced that FBTC has crossed $100M in Total Value Locked (TVL) according to Dune. Also announced is the “Sparkle” campaign, where early FBTC holders will receive points-inspired “Sparks” for future rewards. FBTC is supported by core contributors Mantle, a burgeoning DAO-led blockchain ecosystem built around Ethereum layer 2 (L2) Mantle Network and Ether liquid staking protocol mETH Protocol, and Antalpha Prime, a reliable digital asset technology platform for institutions. 

As tokenized bitcoin assets pave the way for Bitcoin’s resurgence in DeFi, FBTC’s significant milestone ushers in a new era of Bitcoin’s evolving utility and velocity — transforming the original cryptocurrency from a simple store of value into a dynamic asset that offers the potential for various yield-generating possibilities. 

Incubated by Ignition, FBTC is an omnichain BTC asset that is liquid and easily composable in various yield enhancement strategies. FBTC aims to liberate the growth potential of Bitcoin by becoming the standard for Bitcoin transactions, essentially rendering all other blockchains into a Bitcoin L2. FBTC is currently deployed on Ethereum, Mantle Network and BNB Smart Chain, with more supported blockchains to come. 

“The remarkable achievement of $100M in TVL for FBTC in such a short time is not just a significant milestone for this nascent BTC asset, but a testament to the evolving landscape of Bitcoin utility. FBTC’s rapid adoption, supported by Ignition’s diverse ecosystem of partners, signals a new chapter in decentralized finance (DeFi) where Bitcoin’s potential is being fully realized across multiple blockchains. As Ignition continues to innovate and expand FBTC’s capabilities, we’re not just creating opportunities for yield — we’re reimagining how Bitcoin interacts with the broader DeFi ecosystem,” said Igneus Terrenus, Paramount Pyromancer at Ignition. 

FBTC’s rapid adoption is supported by dozens launch partners, including heavyweights such as Avalon Labs, Bybit Web3, Cobo, Ethena Labs, OKX Wallet, Pendle and Solv Protocol, reflecting FBTC’s credibility and the industry’s evolving interest in innovative Bitcoin solutions. 

With FBTC, Ignition aims to create a seamless, multi-chain environment for users to efficiently explore DeFi yields. The ability to swap and bridge FBTC between Ethereum, Mantle Network and BNB Chain further enhances its utility, making it accessible for a majority of blockchain users. Today, holders of FBTC are able to leverage their idle Bitcoin holdings across several yield-generating opportunities on Ethereum, Mantle Network and BNB Chain, enabling a wider range of use cases on various L1s and L2s that will be unveiled soon. 

Ignition also unveiled its plans for an upcoming “Sparkle” campaign. Participants will receive points-inspired “Sparks” for their engagement with and contributions to the FBTC ecosystem. Running from Aug. 21 to Sept. 21, eligible protocols for the Sparkle campaign include PumpBTC, Bedrock, Mezo Network, Avalon Labs, Fuel Network, Pell Network and Solv Protocol. Throughout the Sparkle campaign, Ignition will continue to integrate new protocols, launch side campaigns, and offer external incentives to enhance the user experience and reward system. Find out more at https://fbtc.com/ongoing-campaign. 

Looking ahead, Ignition is collaborating with Babylon, the self-custodial Bitcoin Staking Protocol that aims to build a Bitcoin-secured decentralized world, to launch a BTC vault that gives users exposure to Babylon native staking. This undertaking, along with other exciting events and collaborations, underscores Ignition’s unwavering commitment to building a vibrant, community-driven ecosystem around FBTC. The rapid adoption and strong security of FBTC signals a promising future for Bitcoin’s evolving role in the DeFi landscape, propelling it to fully unlock its immense potential within the broader decentralized finance ecosystem. 

About Ignition FBTC

Incubated by Ignition, FBTC is a secure, decentralized, and composable BTC asset aimed at liberating Bitcoin’s true power of growth. FBTC provides a liquid Bitcoin asset that adheres to a 1:1 peg with BTC to redefine its role across all blockchain platforms. By fostering DeFi composability, cross-chain interoperability, and promoting widespread adoption of BTC applications, FBTC represents the beacon of a high-speed, low-friction and interoperable future for all blockchains and every tokenized economy to flourish. FBTC is powered by core contributors Antalpha Prime and Mantle. 

For more information, users can visit

Website | X/Twitter | Discord | Telegram

Contact

FBTC
windrangerlabs@wachsman.com

Miami, Florida, July 23rd, 2024, Chainwire

FLOKI, the cryptocurrency ecosystem, announced today that Valhalla, a MMORPG (Massively Multiplayer Online Role-Playing Game) spin on the classic Creature-Collection adventure, will be the Associate Sponsor for India’s Tour of Sri Lanka. 

This partnership will give Valhalla significant visibility through mid-wicket pitch mats, ground LED boards, backdrops, and other high-visibility ground assets.

Floki is the people’s cryptocurrency and the utility token of the Floki Ecosystem. FLOKI aims to become the world’s most known and used cryptocurrency, focusing on utility, philanthropy, community, and marketing.

India will be touring Sri Lanka following their historic T20 World Cup championship win in the USA. The series will commence with back-to-back T20Is on July 27, followed by ODIs starting on August 1, with a two-day gap between each match. The series is expected to attract significant viewership, with estimations predicting a cumulative viewership of 180 to 220 million for both the ODI and T20I series.

Sri Lanka Cricket expressed excitement about the partnership, stating it will bring more visibility and engagement to the sport.

A Media Representative for FLOKI said, “It is with great enthusiasm that we at FLOKI step into a partnership to sponsor the India Tour of Sri Lanka 2024, an arena where the sport’s heart beats as fervently as our dedication to being a cryptocurrency for all.”

“Building on our previous associations with Cricket, FLOKI continues the belief that cricket, like FLOKI, transcends boundaries and unites people from all walks of life. Valhalla gives gamers and fans a realistic platform that they can explore alone or as a clan, partake in a dynamic, player-driven economy to rise in the community ranks, and make their mark in the competitive, animated world mirroring the opportunities cricket provides in the real world. This partnership signifies our commitment to integrating the world of gaming, cryptocurrency, and sports in a meaningful way.”

The series will also mark the first time both teams play under their new coaches, Gautam Gambhir for India and Sanath Jayasuriya for Sri Lanka. The Pallekele International Cricket Stadium will host the T20Is, while the R Premadasa Stadium in Colombo will host the ODIs.

About Valhalla

Valhalla is a spin on the classic Creature-Collection adventure set in a vibrant, lively, MMORPG open-world inspired by Norse mythology. Players interact with a diverse set of eccentric creatures called Veras, discovering, taming, training, and trading them. Alone or as a clan, players partake in a dynamic, player-driven economy to rise in community ranks and achieve tactical supremacy on the hexagonal-grid battlefield.

Website: Valhalla.game

About Floki

Floki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Floki aims to become the world’s most known and used cryptocurrency, focusing on utility, philanthropy, community, and marketing. Floki currently has over 490,000 holders and a strong brand recognized globally thanks to strategic marketing partnerships.

For more information, users can visit Floki’s:

Website | YouTube | Telegram | Instagram | TikTok | Discord | Facebook | Reddit | Twitch

Contact

Community Relations Officer
Pedro Vidal
Floki
marketing@floki.com

Los Angeles, CA, June 12th, 2024, Chainwire

Proof of SQL is orders of magnitude faster than state-of-the-art zkVMs and coprocessors.

Space and Time (SxT), the Verifiable Compute Layer for AI x Blockchain, today released Proof of SQL, a high performance zero-knowledge prover for processing data, on GitHub. 

Proof of SQL is a novel ZK proof developed by SxT, which cryptographically guarantees that SQL database queries were computed accurately against untampered data. Using Proof of SQL, developers can compute over both onchain and offchain datasets in a trustless manner, proving the result back to their smart contract just-in-time during a transaction to power more sophisticated DeFi protocols with data-driven smart contracts.

“Space and Time is thrilled to lead Web3 into a new era of data-driven smart contracts and the next generation of DeFi,” said Jay White, PhD, Co-Founder and Head of Research at SxT, and the inventor of the Proof of SQL protocol. “Our team pioneered sub-second ZK proofs so that smart contracts and AI agents can ask questions about a chain’s activity, as well as offchain data, and receive back trustless SQL query results onchain during a transaction without having to wait for 30 minute proof times.”

Proof of SQL was released in alpha to a select group of SxT customers in August. With today’s release on GitHub, the protocol is now available to the public. Community members can run trustless queries on SxT on the Space and Time Studio, and developers can download the repository directly from GitHub. 

Proof of SQL is the first ZK prover that runs sub-second. In the latest benchmarks run by the SxT cryptography team, the protocol can execute analytic queries over 100k-row tables in less than a second on a single GPU, and can aggregate over millions of rows of indexed data within Ethereum block time on a single NVIDIA T4.

Proof of SQL offers a significantly more performant architecture for processing large volumes of data than generalized zkVMs and co-processors. While generalized zkVMs offer an extensible solution for arbitrary computations, data processing is slow to prove.

Proof of SQL can be integrated with these zkVMs to provide verifiable source data that arbitrary code can be executed over. Space and Time encourages and invites contributions from the community, as well as other ZKP engineering teams to collaborate in the repo. The prover can be integrated into any SQL database (such as Google BigQuery), centralized or decentralized, and is already securing some of the most prominent Web3 apps, financial institutions, and enterprises.

About Space and Time

Space and Time is the verifiable compute layer for AI x blockchain that joins tamperproof onchain and offchain data to deliver enterprise use cases to smart contracts and LLMs. Space and Time has developed a novel cryptography called Proof of SQL that allows developers to connect analytics directly to smart contracts, opening up a wealth of powerful new use cases and business logic on blockchain technology. Space and Time is built from the ground up as a multichain data platform for developers in financial services, gaming, DeFi, or any project requiring verifiable data across enterprise, blockchain and AI.

For more information, visit: Website | Twitter | Discord | Telegram | LinkedIn | YouTube

Contact

Catherine Daly
marketing@spaceandtime.io

Dubai, United Arab Emirates, May 17th, 2024, Chainwire

Penguiana’s presale, the penguin-themed Solana meme coin, has now surpassed 1,500 SOL. The team believes this achievement underscores the growing interest surrounding Penguiana within the crypto and meme coin communities.

Inspired by the playful and communal nature of penguins, Penguiana is more than just another meme coin. It is poised to become a significant player in the Solana ecosystem, leveraging the blockchain’s fast processing and low fees to attract both crypto enthusiasts and meme coin lovers.

$PENGU Token and Its Utility

At the heart of Penguiana lies the $PENGU token, with a total supply of 100 million tokens. Sixty percent of these tokens (60 million) are allocated for the presale, offering early adopters a chance to participate in the project’s journey from the start.

The $PENGU token is designed for in-app usage within Penguiana’s ecosystem, particularly in the upcoming play-to-earn game.

Token holders will use $PENGU to mint exclusive NFTs, purchase in-game items, and participate in special game events, adding utility to the token.

The $PENGU token is currently undergoing an audit to ensure it’s security and assure $PENGU token holders that the token contract has been verified by a third party to be secure.

Presale Details and Participation

The Penguiana presale continues is underway, with more than 15 days remaining.

Here are the key details:

Total Supply: 100 Million $PENGU Tokens

Presale Allocation: 60 Million $PENGU Tokens

Presale Duration: 31 Days

Presale Caps: Minimum 0.5 SOL, Maximum 100 SOL

Users can acquire $PENGU tokens by visiting the link below.

https://penguiana.com/

How to Join the Penguiana Presale

Wallet Preparation: Users need to set up a Solana-compatible wallet such as Phantom or Solflare. It is crucial to use a private wallet for this transaction, as transfers from centralized exchanges are not eligible for the airdrop.

Available $SOL Balance: Users need to SOL tokens on their private wallet.

Sending $SOL to the Presale Address: Interested users should navigate to the Penguiana presale page (https://penguiana.com) to find the designated presale address. Users need to verify the address and send their SOL contribution.

Allocation Check: Users need to check their $PENGU token allocation in the designated section on the presale page.

$PENGU Token Airdrop: After the presale concludes, $PENGU tokens will be airdropped to participants’ wallets in proportion to their contributions.

Upcoming Game Trailer and Major Announcements

Penguiana is set to release a game trailer next month, showcasing the play-to-earn features of the $PENGU token. Additionally, the team has announced that several partnerships will be revealed next month, further solidifying Penguiana’s position in the market.

About Penguiana

Penguiana is more than just a meme coin; it’s a pioneering project on the Solana blockchain that integrates the fun of meme culture with the profitability and engagement of a play-to-earn blockchain game. Utilizing Solana’s high throughput and low transaction costs, Penguiana aims to provide a seamless and immersive gaming experience that rewards its players.

Stay Connected with Penguiana

Website: https://penguiana.com

Telegram: https://t.me/penguiana

Discord: https://discord.com/invite/y7M3yDFjUt

Twitter: https://twitter.com/penguianaonsol

Penguiana is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contact

Team Lead
Zan Kowalski
Penguiana
contact@penguiana.com