Grand Cayman, Cayman Islands, March 28th, 2024, Chainwire

March DEX volume on Sui stands at over $2.88B – up more than 49% from February – with decentralized exchange Cetus and wholesale liquidity layer DeepBook leading.

Sui, the fast ascending Layer 1 blockchain offering industry-leading performance and infinite scaling, continued to demonstrate its blistering DeFi growth by cementing its place in the top ten of all chains by weekly DeFi volume, registering over $830M of trading over the most recent seven days of data available on DeFiLlama and $224M in the latest 24 hours.   

The volume growth comes as the chain has amassed several DeFi milestones since the start of the year, including surging past $700M in total value locked (TVL) earlier this week – up over 1900% since October – and dominating outflows from Ethereum via Wormhole during multiple seven-day periods this year. Sui is also setting the standard for network reliability during periods of high network traffic. In the first four months of its mainnet, Sui completed 65.8M transactions in a single day—the most of any blockchain ever, while throughout its existence, the network has never had an outage or experienced degraded performance.  

These milestones reflect how Sui’s underlying technology, which features an object-centric model, horizontal scalability, the increasingly popular, developer-friendly Move programming language, and recent breakthroughs such as zkLogin and zkSend, enables developers to create products that solve real-world challenges at scale. 

Sui’s technology has also attracted top projects and developers which are increasingly choosing to build on Sui. Most recently, Suilend, a protocol developed by the team behind Solana’s largest lending protocol, Solend, launched in its first expansion outside the Solana ecosystem. Ondo Finance’s treasury-backed assets also recently made their way into the ecosystem, while decentralized derivatives exchange Bluefin left Arbitrum for Sui. 

DeepBook, Sui’s fully on-chain order book, which is part of the Sui Protocol, has experienced a substantial volume increase in March as DeFi on the network continues to flourish. The CLOB saw over $940M in volume since the start of the month, and over $289M of trading in the last week alone, as it continues to provide deep liquidity to all DeFi protocols and traders on Sui with ultra-low, predictable transaction costs and sub-second finality.

“From the Move language to its object-centric architecture, Sui’s technology is unique in the industry and enables a level of innovation that is attracting partnerships, protocol expansions, and independent developers—all building solutions that leverage the Sui network,” said Greg Siourounis, Managing Director of the Sui Foundation. “Sui’s surging metrics in DeFi indicate definitively that in an industry which is currently surging and primed for cutting-edge technology and practical, real-world applications, Sui is increasingly the platform of choice.”

Contact

Sui Foundation
media@sui.io

UAE, UAE, March 27th, 2024, Chainwire

XCAD Network – a tokenisation platform for YouTubers to connect and reward their viewers with crypto tokens – today announced it has signed MOUs (Memorandum of Understanding) with multiple governments to expand incentivised Web3 education to millions of people across the globe.

By securing the support of several governments, XCAD aims to bridge the gap between Web2 and Web3, and enable more people to partake in the Web3 Space. XCAD Network has announced the first government agreement, which is with Pakistan. Under this partnership, XCAD will distribute and incentivise the consumption of educational media among Pakistani citizens. 

Education is the first step in bringing new people into the Web3 space. As part of the MOUs, XCAD Network will work with governments to launch pilot campaigns to educate their citizens on Web3. These campaigns will be joint campaigns launched by governments and the XCAD team alongside select content creators from that country’s jurisdiction. 

Users will have to download the XCAD Network application to watch interactive educational content on various Web3 topics. Upon completing the modules and consuming content, users are rewarded with tokens.

Blockchain, cryptocurrency and the Web3 world will be the key focus areas. However, governments can also focus education on other subjects, such as financial literacy. 

Oliver Bell, the Chief Executive Officer of XCAD Network, commented, “Working directly with Government entities is incredibly exciting for the XCAD project and the Web3 Space as a whole. What we’re doing aligns with the government’s vision towards digitisation and global blockchain adoption” 

Another way that XCAD plans to work with Government entities, is by leveraging the XCAD platform to boost travel and tourism engagement in their country. They want to partner with creators and citizens to create engaging educational content around tourism in their country. Those who consume the content are then rewarded.

XCAD Network has already onboarded some of the biggest YouTubers in the world to issue creator tokens on its platform. However, getting governments involved gives the project more credibility. This allows XCAD Network to attract even bigger names to issue creator tokens, stay on top of regulatory requirements and drive more users to the XCAD platform.

About XCAD Network

XCAD Network allows YouTube creators to launch personalised tokens and generate dedicated economies around their loyal fan-base It also offers new upstart creators a way to earn tokens and generate income even before the creator generates traction on YouTube itself.

In addition to helping generate new revenue, XCAD Network fosters deeper engagement through gamification and rewards. Fans benefit monetarily from the growth of their favourite creators, thus strengthening the bonds between creators and their followers.

The platform is backed by famous YouTubers such as KSI and Mr Beast, and is home to 100+ celebrity influencers globally with a combined audience of over 800M.

The XCAD ecosystem consists of DEXs, a governance portal, a browser plugin with Youtube integration, cross-chain bridges, staking pools, and creator swap, which lets users exchange creator tokens.

For more information, please visit: https://xcadnetwork.com/

Contact

Roelien Vd Westhuizen
Dverse
roelien@d-verse.io

Eskisehir, Turkiye, March 22nd, 2024, Chainwire

Sociapol is the innovative Blockchain VR platform reshaping gaming, socialising, and content creation. Leading the charge in the booming VR-media arena with its seamless cross-platform digital space. Users can immerse themselves in a world where they can play games, interact, design NFTs, and live a parallel virtual life through their NFT avatars and they can also earn SPOL tokens.

Partnered by some leading names in the industry like NEAR, Paras, SAGA, AWS Activate, BNB Chain etc., Sociapol is expanding and their creative strategy is resulting in a spike in adoption rates. 

Sociapol’s revenue approach incorporates NFT sales and in-game advertisements as part of its growth strategy. The company aims to explore new revenue opportunities for both users and creators through the monetization of digital assets.

Some Key Features of Sociapol

• Cross-Platform: Sociapol will let users explore and use the same virtual environment on PCs, mobile devices, and VR headsets.
• Community: In less than six days, the private sale round was sold out for 240k USD, which resulted from the efforts of Sociapol’s current shareholder community.
• GameFi: Players can engage in ultra-casual games and win tokens in the process.
• SocialFi: Sociapol will let users communicate with one another and gain access to tokens and NFTs for special events.
• User Generated Content: Sociapol will allow users to produce and submit content to the network, earning tokens along the way, by partnering with major gaming firms.

Meet the Team

Gürcan Serbest, Sociapol Founder & CEO: With over 20 years of experience in gaming and VR development Gürcan now uses his virtual world creation capabilities to ensure Sociapol brings an incredible experience for users.

Saygın Kolaşinli, Sociapol COO: Having worked in engineering and project management for over 15 years, Saygın ensures everything runs smoothly and everyone has the resources they need to further develop the project.

“We have the vision of setting the benchmark for virtual gaming and socializing within the Web3 realm, establishing a model to be followed and admired across the industry, our product has been one example of what our vision is. We also have plans for Airdrop for the Alpha Users in Q2 of 2024 along with our platform launch for PC & mobile” said Gürcan Serbest, founder and CEO of Sociapol.

The board of advisors includes some leading names like Hakan Yıldız, Fonbulucu CEO & Founder, Erkan Bayol, Metaverse Game Studios CEO & Founder, Umut Ersaraç, Senior Gaming Industry Consultant / Mentor and Tuğsan Gökgöz AdImage Co-Founder.

Sociapol Tokenomics

Running on the Binance Smart Chain and adhering to the BEP-20 standard, SPOL has a 100 billion token supply and is interoperable with popular wallets like Metamask. As the foundation of Sociapol, SPOL empowers users, developers, innovators, and stakeholders, underscoring its intrinsic worth in the thriving Sociapol community. The TGE is scheduled for October 2024. The launchpads include Bitci, Kommunitas and more big names to be added.

     Source: Sociapol Whitepaper

The team aims for upcoming listings on major exchanges, subject to compliance and approval processes. Should these listings occur, SPOL will benefit both token holders and platform users, ranging from trading virtual assets to unlocking exclusive experiences. Developers and content producers could use SPOL tokens to produce and distribute assets, or to charge customers for access to their services or content.

About Sociapol

Sociapol stands at the forefront of innovation, seamlessly merging Virtual Reality (VR) and Web3 technologies to create an immersive and collaborative digital space. This cutting-edge platform goes beyond conventional gaming paradigms, catering to users equipped with VR devices, mobile gadgets, and personal computers. Sociapol, with its integration of cryptocurrency and NFTs, not only transforms the way users experience digital environments but also pioneers a new era of interactive online communities.

More details about the project can be found on Sociapol’s website and Twitter.

For in-depth information about the project, users canread the Whitepaper here.

Contact

COO
Saygin Kolasinli
Negentra
saygin@negentra.com.tr

BVI, BVI, March 20th, 2024, Chainwire

Mystiko.Network, the leading Base Layer of Web3, has completed a 18 Million USD seed funding round led by Sequoia Capital India/SEA (now known as Peak XV Partners), with participation from Samsung Next, Hashkey, Mirana, Signum, Coinlist, Naval Ravikant, Sandeep Nailwal, Gokul Rajaram, Tribe Capital, Morningstar Ventures, etc. 

In less than a year, Mystiko V1 mainnets have supported over 134 Million USD transaction volume, 214K+ transactions on 5 different layer1/layer2 blockchains, with 54K+ unique active onchain users.

Previously, Mystiko.Network has also been selected to participate in esteemed programs such as Binance MVB, Chainlink Startup, Polygon Ecosystem and Coinlist Seed. 

About Mystiko.Network

Mystiko.Network is the Base Layer of WEB3. Mystiko SDK, the universal ZK SDK, features scalability, interoperability, privacy and AI for every blockchain/dapp all at once.

Learn more about Mystiko. Network and follow us:

Website|Camo Wallet| Twitter| Discord | Medium | Whitepaper| Docs

Contact

Alex Dao
info@mystiko.network