Tel Aviv, Israel, April 10th, 2024, Chainwire

Web3 platform for startups, Permissionless Capital has invited web3 startups to apply for its Permissionless Opportunities Event. The program will provide eligible web3 startups with access to the resources they need to successfully build out their concept and bring their product to market.

Permissionless Opportunities provides outstanding web3 startups with the tools, funds, and connections to navigate the blockchain industry and launch their product. Applications for the Permissionless event can be made in just 90 seconds, with no fees or pitches required. Dozens of startups are expected to apply for the inaugural Permissionless Opportunities Event, with the best applicants subsequently being invited to take part in the program.

The largest event of its kind for web3 and blockchain startups, Permissionless Opportunities gamifies the fundraising process and empowers outstanding companies to fulfill their potential. The event has secured partnerships with the likes of Solana, Polygon, ImmutableX, Chainlink, Arweave and many others.

Permissionless Opportunities was designed in the manner of a gameshow, complete with an audience participation component. The winners of the contest will be determined equally by expert judges and community consensus.

Winners of Permissionless Opportunities Event will have the opportunity to pitch to more than 50 leading VCs and to partner with ecosystems that will help to advance their concept and provide mentoring and technical support. Other perks include 1:1 access to expert advisors, credits, discounts, and extensive coverage in media outlets to raise their profile.

The program is targeted at web3 startups in the Defi, infrastructure, security, Gaming and RWAs categories and encompasses both B2B and B2C applications. Applications can be registered with Permissionless Opportunities from April 10-May 1. The program promises to shine a light on the next generation of web3 companies while giving the best applicants everything they require to optimize their prospects of success.

About Permissionless Opportunities Event

Permissionless Opportunities is the first online event hosted by Permissionless Capital. The startup and investor network believes in equal opportunities, regardless of a startup’s connections, background or country. Permissionless Opportunities takes the form of an online contest that’s free for web3 startups to apply to and attend. Successful applicants will have the opportunity to receive grants, credits, 1:1 mentorship and exposure to the biggest media outlets.

Learn more: https://event.permissionlesscapital.io/

Contact

Nir Naamani
nir@permissionlesscapital.io

San Fransico, California, April 9th, 2024, Chainwire

Algotech (ALGT) has emerged in the limelight again with the milestone of raising $500,000 in a single day during its ongoing presale. In less than four weeks of the current presale, Algotech has raised over $3.5 million.

Algotech’s Journey 

Algotech was launched as an initiative by successful traders and technology experts who wanted to democratize access to advanced trading tools for layman users. The team wanted to provide beginning traders with the same high-tech tools that are used by hedge funds and large-scale investment firms. Combining this with the effectiveness of blockchain technology, Algotech has set its sights on becoming the leading platform by bridging together AI and blockchain technology in the trading segment. 

Bringing Together AI and Finance 

Millions of new users are embracing blockchain technology for its groundbreaking potential. However they still have to rely on traditional exchanges that design the ecosystem to favor institutional investors. Algotech is rectifying this challenge by introducing the first artificial intelligence (AI) based exchange that will allow users to have advantages in trading. The platform makes it simple for users to invest in cryptocurrencies and receive automated investment guidance. 

Algotech’s Key Features 

What makes Algotech a standout leader in the segment is the core features that have been introduced for traders. Imagine a trading landscape where regular traders have access to the same tools and resources as hedge funds and large-scale institutional investors. These tools conventionally have massive fees and are only available to a limited number of institutes. This is precisely the challenge that Algotech is working on addressing. 

Here are the core features that are making Algotech is working on:

Breakout Detection

The breakout detection feature relies on advanced algorithms that factor in over 1000 unique data points to identify breakout opportunities. These algorithms have been trained on H100 GPUs to ensure that traders can get accurate investment calls for high-precision calls. 

Hedging 

Algotech allows traders to minimize investment risk by monitoring funding levels, liquidity, and spread. These factors generate warnings and allow users to implement advanced risk management including automated stop-losses. 

High-Volume Arbitrage

This feature allows users to take advantage of the difference in pricing between different platforms using Algotech’s technical APIs. With high positioning sizing, users can handle trades with ease. 

The Growing AI Blockchain Segment 

The growth of the AI sector has been exceptional. In the past few years, the sector has grown multifold, and today, it has a market cap of over $25 billion, according to CoinGecko. In the coming few years, this number is expected to explode further as millions of new users are now looking for AI-based features in their day-to-day applications. One of the biggest sectors under the spotlight is the trading sector. The global cryptocurrency exchange segment is currently valued at over $45 Billion and is expected to reach $110 Billion in 2028. Additionally, beyond just cryptos alone, AI blockchain technology is also expected to serve as the backbone of the global trading ecosystem. This is where Algotech expects to bridge the gap by introducing AI-based trading features. These features will allow beginner traders to have an even playing ground against leading institutional investors and seamlessly invest using AI as their guide. 

About Algotech

As Algotech continues its journey to transform Decentralized Finance (DeFi) with its innovative products, it is exciting to see the community support for this mission. The platform is democratizing access to trading tools for individuals across the world by providing AI features. Additionally, Algotech is making investing inclusive for the broader community by making it simple for users to become an early part of the community by providing governance rights and profit shares. As the project moves through its phases, we can only look toward the achievements that are on the horizon for Algotech, a true AI-blockchain project. 

Visit the links below for more information about Algotech (ALGT): 

Website: https://algotechtrade.com/ 

Whitepaper: https://algotechtrade.com/Algotech_Whitepaper.pdf 

Linktree: https://linktr.ee/algotech.trade 

Algotech 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. Investing in cryptocurrencies is volatile and risky.

Contact

Algotech
Algotech Solutions
algotechsolutionsio@gmail.com

Singapore, Singapore, April 4th, 2024, Chainwire

LeverFi, a leading web3 innovation team, has launched OmniZK, a secure validation protocol for Bitcoin that enables developers to create complex, interoperable DeFi applications by shifting complex logic onto EVM networks and relay verified outcomes with zkOracles. The protocol’s modular design allows non-custodial, decentralized contracts to be settled natively on the Bitcoin network in a secure.

LeverFi is proud to announce the launch of OmniZK, a groundbreaking secure validation protocol for Bitcoin that expands the possibilities for DeFi and omnichain interactions. By allowing developers to shift complex computations onto EVM layers and relay verified event outcomes back to the Bitcoin network, OmniZK enables the creation of programmable, interoperable native applications on Bitcoin that are scalable and capable of handling complex scenarios.

Enabling Bitcoin DeFi and complex logic for Bitcoin

Bitcoin Script’s Turing-incomplete nature has long been a barrier to the development of complex applications on the Bitcoin network, making the development of decentralized finance (DeFi) applications on Bitcoin especially challenging.

OmniZK solves this issue by providing a modular framework for constructing conditional, non-custodial Discreet Log Contracts (DLCs) secured by event proofs generated by zkOracles. OmniRelayers, running in a Trusted Execution Environment, are restricted to only transmitting and signing for verified event outcomes, thereby producing robust security for contract settlement within the Bitcoin network.

With the OmniZK SDK, developers can easily build and deploy DLC applications that utilize verified event data from any EVM network for contract settlement finality on Bitcoin. This empowers various interchain Bitcoin use cases, including non-custodial BTC liquid staking, cross-chain Bitcoin DeFi markets, decentralized asset bridges, and omnichain liquidity management.

“OmniZK is a significant step forward for Bitcoin DeFi and interoperability,” said Charissa K, Head of Developer Relations at LeverFi. “By enabling secure, non-custodial contracts that settle natively on the Bitcoin network and providing an alternative to centralized bridges, we’re unlocking a new era of possibilities for Bitcoin developers and users alike.”

Applications built using OmniZK are independent of yet complementary to Bitcoin L2s, as they interact with and communicate with L2s, but with final settlements done natively on Bitcoin, outside of the L2s. 

An example can be an application that issues a chain-agnostic wrapped BTC asset that can be freely minted, burned or transferred, without having the underlying BTC being custodied on a L2 multi-sig bridge.

This places OmniZK at an interesting nexus of the rapidly growing Bitcoin ecosystem and offer alternatives to developers and users who wish to build and settle within the native Bitcoin layer.

LEVER Staking Program and Benefits

The LeverFi ecosystem, which includes the OmniZK protocol, are powered by LEVER, its ecosystem token which is easily accessible on leading global exchanges including Binance, Bybit, Bithumb, Gate and more.

OmniRelayers who wish to participate in the security, functioning and governance of the OmniZK network are required to stake LEVER to join as operators to earn staking rewards and contract gas fees. There will also be a delegation program for users to stake with validators and enjoy the benefits of LEVER staking.

In addition to the above, LEVER confers a wide range of benefits including gated access to its LeverPro launchpad for high potential Bitcoin DeFi projects and reduced fees on its EVM-based non-custodial swap platform.

LeverFi invites developers and validators to explore the potential of OmniZK and start building the next generation of Bitcoin DeFi applications.

About LeverFi

Backed by world-class investors, LeverFi is a leading web3 innovation firm that continually reimagines the boundaries of decentralized finance. With its latest roadmap, LeverFi is set to break new ground and create new possibilities for Bitcoin and global web3 ecosystems.

For more information, users can learn more about LeverFi here: https://leverfi.io

Developers and validators looking to explore OmniZK may register interest by contacting our Head of Developer Relations at this email: validator@leverfi.io

Contacts

ZR
team@leverfi.io
Lawrence
LeverFi
team@leverfi.io

Bangkok, Thailand, April 3rd, 2024, Chainwire

• SEABW is shaping up to be Thailand’s biggest Web3 gathering with unparalleled opportunities for networking, collaboration, and discussion
• The event will give delegates unique insights into the Web3 adoption in the SEA region, regulations, and products from the local Web3 industry

Southeast Asia Blockchain Week (SEABW), a premier blockchain conference exploring the evolving landscape of Web3 in the Southeast Asia region, is thrilled to announce the speaker lineup for the main SEABW conference. The headline speakers include Aptos Co-Founder and CTO Avery Ching, Animoca Brands Co-Founder & Chairman Yat Siu, SCBX Deputy CEO Arak Sutivong, Hashed CEO & Managing Partner Simon Kim, Nansen CEO Alex Svanevik, YGG Co-founder Gabriel Dizon, Wintermute Co-founder Yoann Turpin, and The Spartan Group Co-founder & Managing Partner Kelvin Koh.

Moreover, Ethereum Co-founder Vitalik Buterin will also mark his presence with an online keynote session. There will be a total of over 135 innovators, entrepreneurs, decision-makers and thought leaders across the entire spectrum of the blockchain industry engaging in keynote sessions, panel discussions, fireside chats, and moderated debates.

The SEABW will explore the latest trends and developments in blockchain technology, investment opportunities, adoption and use cases, policy and regulations, as well as the unique Web3 landscape in SEA. 

The attendees are going to have unparalleled opportunities for networking, collaboration, and discussion. The world-class event will be a reflection of Southeast Asia’s increasingly vital role in Web3, expressed both in terms of crypto adoption and the exciting startups originating from the region. Southeast Asia is home to more than 690 million people. Its young and tech-savvy population, underserved by the financial system, is open to using crypto. The region is witnessing unprecedented growth, particularly in the gaming sector. This surge signifies a potential tipping point for ‘Web3 mass adoption’ in Southeast Asia.

Hojin Kim, CEO of ShardLab, said, “Through a comprehensive program featuring keynote speeches, exhibitions, networking sessions, Demo Day, and more, the SEABW aims to provide the region’s Web3-curious entrepreneurs and enterprises with an opportunity to learn from and network with some of the brightest Web3 minds worldwide. Moreover, we aim to not only present sessions and speeches but also provide real Web3 experiences, showing impactful real-life use cases of blockchain through our official web app. This app is designed for ordinary audiences who may not be familiar with blockchain Dapps. We seek to inspire actionable initiatives and projects that address pressing challenges and capitalize on emerging opportunities in Southeast Asia’s evolving blockchain landscape.”

The SEABW will be held on April 22-28 at the True ICON Hall in Bangkok, Thailand. While the main event will take place on April 24-25, there will be major side events throughout the week including ‘Token X Summit – TOKENIZATION’ on April 23rd, Game Day & Demo Day on April 24-25th and ‘ONCHAIN 2024’ on April 26-28th.

DEMO DAY TO SHOWCASE THE REGION’S INNOVATION

Besides the official VIP & Speakers Night, After Party, and Game Day, the SEABW organizers are particularly focused on the Demo Day that will be held on April 24-25th. The Demo Day will spotlight 10 notable Web3 startups at the SEABW conference venue. It will cater to a broad audience including investors, founders, builders and others. 

The Demo Day is organized in partnership with elite companies, VC funds and accelerators including Hashed, Wintermute, SCB 10X, Saison Capital, Faction, and Krungsri Finnovate. Web3 builders have until April 5th to apply for the SEABW Demo Day. The startups will have an opportunity to present and connect with investors. 

Top-tier entrepreneurs, developers, and builders will come together bringing their innovative products and services. It presents an opportunity for the attendees to get a sneak peek into the future of Web3 in Southeast Asia, network with the regional builders, create synergies and explore business opportunities. 

About SEABW

Southeast Asia Blockchain Week is the flagship conference for web3 developers, investors, and users. It brings together key figures from across the industry for seven days of panel discussions, keynotes, product demonstrations, and networking. From Web3 Games to RWAs, SEABW illuminates Southeast Asia’s most promising startups and web3 companies.

Learn more: Website | X | Telegram

• Buy Tickets 
• Discover Sponsors 
• Check out Agenda  

About ShardLab

ShardLab is the innovation arm of Hashed, a leading global Web3 venture capital firm based in Asia. Beyond ideas, we actively build ecosystems and collaborations to bring innovative disruptions using Web3 technology. Our vision extends to fostering mass adoption of Web3 in Southeast Asia, making technology accessible, and empowering communities in this dynamic digital frontier.

About Hashed

Hashed is a team of blockchain experts and builders based in Seoul, Singapore, Bengaluru, and Silicon Valley. We believe that decentralization can transform not only the global economy but the very fabric of the internet. Our mission is to accelerate the mass adoption of blockchain by investing our resources and empowering a new wave of entrepreneurs and innovators to create this future. We approach this work as builders, not just pickers. We participate as core technical contributors to global infrastructure, and we’ve built a network of projects and people that connect industry pioneers with the knowledge and resources necessary to unlock the potential of blockchain.

Contact

VP of Business Development
Kim Bazak
MarketAcross
Kim@marketacross.com