kucoin-delivers-keynote-speech-at-green-sustainable-finance-forum-in-cop28-blue-zone

KuCoin Delivers Keynote Speech at Green Sustainable Finance Forum in COP28 Blue Zone

 

Dubai, UAE, December 12,2023 – KuCoin, a top five global crypto exchange, proudly presented at the Green Sustainable Finance Forum at the United Nations Climate Change Conference (COP28) in Dubai, UAE. The Forum was held in the Rotary Pavilion organised by the Global CSR Foundation.

COP28 brought together a diverse group of over 90,000 attendees, and is expected to be a critical platform for galvanising global climate action. The Green Sustainable Finance Forum has shed light on how to integrate sustainability into the financial system by raising awareness and leveraging technology.

KuCoin’s Chief Sustainability Officer (CSO), Nancy Cheung, delivered a keynote speech on the critical role of Green Blockchain technology. She emphasised how blockchain technology and decentralization have brought positive changes to the society, and also mentioned that “KuCoin is deeply committed to fostering green sustainable finance and development. We call on everyone to join their efforts toward this great action, and to make the world a better, and greener place.” Other distinguished guests including  Patrick Bolton, the former President of the American Finance Association, Beatrice Weder di Mauro, Chairman of the Center for Economic Policy Research (CEPR) also joined the forum to share their insights on Climate Change on Finance, and CEPR and Climate Change.

The issue of climate change has long been a pressing concern for nations globally, representing a universal challenge for humanity. Blockchain, as an emerging technology, holds the potential to push forward the mass adoption and application of green finance due to its diverse, transparent, traceable, and immutable nature, while playing an effective and vital role in the global efforts to reduce carbon emissions. Such promising potential, on the other hand, also creates a demand for professionals skilled in blockchain technology within the sustainability sector, unlocking more opportunities ahead.

At its heart, decentralization is about the distribution of power away from a central authority, and is often seen as a progressive move of refining the structure of human society. This shift can democratize access to opportunities and resources. A decentralized system,enables  women to  find more accessible entry points to advance  their professional path. In addition, decentralization removes barriers imposed by geographical location, socio-economic status, and gender biases, thus leveling the playing field for women and other underrepresented groups.

As an organisation deeply engaged in the blockchain sector, KuCoin urges the industry to join hands, leverage our resources, and foster a sustainable future as a team. Together for a greener earth, together for a brighter tomorrow.

About KuCoin

Launched in September 2017, KuCoin is a global cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community action reach, it offers over 700 digital assets and currently provides spot trading, margin trading, P2P fiat trading, futures trading, staking, and lending to its 30 million users in more than 200 countries and regions. KuCoin is currently one of the top 5 crypto exchanges according to CoinMarketCap. In 2023, KuCoin was named one of the Best Crypto Exchanges by Forbes and recognized as a highly commended global exchange in Finder’s 2023 Global Cryptocurrency Trading Platform Awards.

The post KuCoin Delivers Keynote Speech at Green Sustainable Finance Forum in COP28 Blue Zone first appeared on The Blockchain Examiner.

simplepin,-the-leading-cloud-based-digital-payment-solution-for-the-insurance-industry,-welcomes-mountain-west-insurance-aboard-as-a-new-client

SimplePin, the leading cloud-based digital payment solution for the insurance industry, welcomes Mountain West Insurance aboard as a new client

 

SimplePin is a FinTech company with a bold vision to simplify financial operations, focusing on making these operations seamless through technology. As the end of the year approaches, SimplePin is proud to welcome Mountain West Insurance aboard as a new client.

“What separates us from others in the arena,” comments SimplePin’s Director of Product, Seth Baumwell, “is our sophisticated understanding of payments, receivables, and insurance. Our new product, SimpleMatch, processes and posts offline payments – solving problems that many in the insurance industry face in an unprecedented way. We make the complex simple, making our customers’ lives better with amazing products and the highest level of service.”

SimplePin is known across the insurance industry for transforming back-office accounting and reconciliation processes, digitizing customer and staff experiences, and harnessing the ability to process all forms of incoming payments. SimplePin’s system matches and posts receipts to receivables in real time, automatically reconciles the general ledger, and offers comprehensive integrated payment options for eCommerce and digital sales.

The post SimplePin, the leading cloud-based digital payment solution for the insurance industry, welcomes Mountain West Insurance aboard as a new client first appeared on The Blockchain Examiner.

unlocking-potential:-saudi-arabia’s-ict-market-insights-revealed-by-infinium-global-research

Unlocking Potential: Saudi Arabia’s ICT Market Insights Revealed by Infinium Global Research

 

In recent years, Saudi Arabia has demonstrated remarkable progress in modernizing its Information and Communication Technology (ICT) sector. This transformation is driven by strategic initiatives from the Communication and Information Technology Commission (CITC), which has prioritized enhancing market competition through regulatory flexibility, transparency, and collaborative efforts. Notably, the International Telecommunication Union (ITU) recognizes Saudi Arabia as a leader in the Arab State region, achieving a “generation 4” (G4) status in the ITU Global ICT Regulatory Outlook 2020. Within the Middle East and North Africa regions, Saudi Arabia stands as one of the largest markets for Information and Communication Technology. With its strategic geographical location, Saudi Arabia is well-positioned to emerge as a hub for technology services and cloud computing, boasting global connectivity access via the Red Sea, thereby serving markets in EuropeAsia, and Africa. As a G4 country, Saudi Arabia effectively integrates ICT regulation with a separate regulatory authority vested with enforcement powers. This authority operates with a clear mandate, overseeing a fully competitive market while safeguarding consumer interests under the “generation of regulation” model. Projections indicate that the Saudi Arabian ICT market is expected to experience a 5.6% growth in 2023, reaching a total value of $33.43 billion in 2022. This growth is predominantly driven by hardware expenditure, accounting for 58.5%, followed by services (30.4%), and software (11.1%).

More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/contact-us

Key Business Opportunities and Factors Driving ICT Growth in Saudi Arabia:

  • Cloud Adoption Surge: Anticipate a robust migration to cloud computing, as organizations increasingly embrace Infrastructure-As-A-Service and Platform-As-A-Service solutions.
  • Emphasis on Edge Computing: Expect increased investments and collaborations in edge computing, facilitating the successful deployment of emerging technologies and use cases.
  • IT Services in the AI Landscape: IT services providers have the opportunity to design and implement innovative business models while effectively managing data and infrastructure.
  • Emerging Technology Integration: Witness a growing demand for industrial and intelligent automation, coupled with seamless integration with future technologies like IoT, AI, and Blockchain.
  • Green Data Centers: Anticipate a surge in green data center initiatives, data center consolidation efforts, and policy changes aimed at enhancing data center sustainability.

Driving Forces for ICT Growth:

Saudi Arabia’s ICT expansion is propelled by rising personal incomes and a growing pool of specialists committed to advancing leadership in connectivity and information technology. Additionally, the nation boasts a robust economy, political stability, a youthful demographic, and national policies that prioritize economic diversification. Factors such as increased foreign direct investment (FDI), a burgeoning ecosystem that supports ICT innovation and entrepreneurship, a thriving telecommunications sector, and a growing IT service industry collectively stimulate ICT investments in Saudi Arabia.

Investments:

Saudi Arabia is embarking on a new era of digital innovation, with ICT spending projected to exceed $34.5 billion this year, underpinned by significant foreign direct investment and a substantial $7 trillion development plan for the giga project. In 2023, the Saudi government is making noteworthy investments in key areas, including AI, IoT, cybersecurity, and data analytics.

In the realm of foreign direct investment, Saudi Arabia is incentivizing data center investments of $400 million, which create a minimum of 20 jobs with an average annual wage of $40,000, thereby qualifying for up to 30 years of tax savings.

Furthermore, as part of its commitment to digital transformation and preparation for the future economy, Saudi Arabia has unveiled investments exceeding $9 billion in its technology sector. These investments are spearheaded by a substantial $2.1 billion commitment from Microsoft to establish a super-scalar cloud infrastructure in the country, and Oracle’s $1.5 billion investment to fortify the kingdom’s cloud computing capabilities. Additionally, China’s Huawei is contributing $400 million to enhance Saudi Arabia’s cloud infrastructure.

The information and communication technology sector in Saudi Arabia are valued at SR134 billion, constituting 4.1% of the Kingdom’s gross domestic product (GDP), emphasizing its growing economic significance.

During the forum, the Communications, Space, and Technology Commission (CST) announced that the ICT market in Saudi Arabia surged to a value of 154 billion in 2022, establishing itself as the largest and most rapidly expanding digital economy in the region. Additionally, Dr. Altamini emphasized that CST has introduced high-speed internet services in 21,000 villages across the nation, addressing the needs of over 5 million people and ensuring uninterrupted communication services. This underlines the substantial progress in the Kingdom’s communication and technology infrastructure. Notably, 5G coverage in Riyadh has reached an impressive 53%, while exceeding 94% in other regions. The utilization of fiber optics has extended to 3.7 million users in Saudi Arabia, reflecting a dynamic shift towards advanced and high-speed connectivity solutions.

Opportunities:

The Ministry of Communication and Information Technology (MCIT) has been primarily focused on establishing a robust and advanced architectural framework to facilitate digital transformation across various domains such as e-commerce, smart cities, national data management, digital education, digital healthcare, and e-government. In line with Saudi Arabia’s ICT strategy for 2023, the objectives include generating more than 25,000 employment opportunities within the sector, achieving a 50% expansion in the IT market size and technology development, and increasing the sector’s contribution to GDP by $13.3 billion. The strategy also aims to attract international investments and promote the active participation of women in the field. According to the International Data Corporation (IDC), the Saudi ICT sector experienced an impressive 8% growth between 2019 and 2021, culminating in a total value of $32.1 billion.

In a move to bolster the resilience of the Supreme Audit Institution (SAI) through ICT solutions, the Saudi Fund for Improved SAI Performance (Saudi FISP) is facilitating the expansion and enhancement of ICT infrastructure. The Saudi Arabia General Court of Audit has generously allocated $1 million to be distributed among International Organization of Supreme Audit Institution (INTOSAI) members that require external assistance to advance their ICT infrastructure, thus fortifying the capabilities of these institutions.

Need Assistance? Send an Enquiry@ https://www.infiniumglobalresearch.com/contact-us

Vision 2030:

Saudi Arabia’s Vision 2030 is focused on the bolstering of the ICT sector with the goal of forging a digital society, digital government, digital economy, and a forward-thinking future for the Kingdom. Within this framework, the Ministry of Communication and Information Technology (MCIT) establishes the groundwork for diversification and enhancing competitiveness. It revolves around three primary pillars, each delineating specific objective to be realized by 2030: fostering a dynamic society, fostering a prosperous economy, and shaping an ambitious nation via a well-crafted digital strategy, enabling a connected present and an innovative future.

Challenges:

Saudi Arabia encounters difficulties in both enlarging its domestic ICT workforce and attracting foreign talent. Moreover, sourcing local professionals with hands-on experience in cutting-edge technologies like cloud computing, mobility solutions, and cybersecurity proves to be a challenge. The nation also grapples with significant cybersecurity threats, further complicating its ICT landscape.

Main Players

  • IBM Middle East
  • Saudi Telecommunication company
  • Amazon.ae
  • Palo Alto Networks Saudi Arabian Limited Company
  • nybl

The post Unlocking Potential: Saudi Arabia’s ICT Market Insights Revealed by Infinium Global Research first appeared on The Blockchain Examiner.

mapmetrics-expands-to-peaq-from-solana-following-addition-of-solana-compatibility-to-peaq’s-multi-chain-machine-ids

MapMetrics expands to peaq from Solana following addition of Solana compatibility to peaq’s Multi-Chain Machine IDs

 

peaq, the blockchain for real-world applications, announces the expansion of its ecosystem and product offering. MapMetrics, a Web3 drive-to-earn navigation app, will leverage peaq as part of its decentralized physical infrastructure network (DePIN) powering a Google Maps-style service. The development comes as peaq adds Solana compatibility to its Multi-Chain Machine IDs.

A Solana-originating project, MapMetrics will leverage the now Solana-compatible peaq IDs to build functions of the MapMetrics DePIN on peaq. These will include assigning peaq IDs to the navigator devices on its DePIN, using these IDs to authenticate the data collected by these devices, and a community voting mechanism.

Free navigation apps have become trusty companions for countless people around the world, with Google Maps alone boasting over a billion users. But despite a lack of an upfront cost, they come with a price of their own. When something is free, you are the product; when navigation is free, your personal data is being monetized. From leveraging the user’s position data for valuable insights on specific locations to serving them targeted location-based ads, the companies behind such apps profit from our sensitive data, sometimes without giving much thought to its privacy and protection. And in the case of massive companies like Google, they combine this data with the data sourced from all other Google-related data points to create digital models of ourselves, able to predict our behavior than ourselves.

MapMetrics is changing the equation by putting navigation on Web3 rails. It uses location trackers that enable users to share their anonymized data with the network, earning cryptocurrency and NFTs as rewards. While featuring its own ad engine, it makes sure that no private user data is exposed to the advertisers and shares the ad revenue with the community. It boasts 3,500 devices in the network and 5,000 users across 73 countries.

As part of its integration with peaq, MapMetrics will use peaq’s Multi-Chain IDs to enable devices to connect with the peaq network. It will build and deploy some of the core functions powering its navigation DePIN on peaq, using peaq IDs to authenticate and sign the anonymized data that the devices collect. It will also tap peaq to build a community voting pallet — a building block that other projects will be able to use as well — which will enable the community to contribute to its Google Maps-style navigation service by adding the locations of speed cameras and other objects and validating it with votes.

This comes as peaq expands the compatibility of its peaq IDs to include Solana. Enabling this is an address map running as part of the peaq storage pallet, pallets being modules for building blockchains in the framework that peaq runs on. This map works like an address book, linking addresses of different standards used on various networks and thus enabling cross-chain communication and information exchanges.

For example, with this integration, a solar panel with an ID on Solana will be able to connect to an energy marketplace on peaq. The previous updates made peaq IDs compatible with Binance’s BNB Chain, Ethereum Virtual Machine, and Cosmos. peaq’s steps toward its Multi-Chain vision have already eased the transition for projects coming from Algorand and Polygon, and will now unlock new opportunities for MapMetrics and other projects in the Solana ecosystem.

The peaq ID compatibility expansion enables teams originating on Solana to expand and leverage peaq’s DePIN functions without friction or fragmentation. With peaq Multi-Chain IDs, Solana-originated projects can easily tap peaq for some of their crucial functions.

“With its DePIN-focused functions and economics, peaq is the perfect home for DePINs,” says Brent van der Heiden, CEO of MapMetrics. “We are excited to be joining this bustling ecosystem, and the newfound compatibility between peaq IDs and Solana addresses is making this process significantly more convenient.”

“We believe in an open, Multi-Chain Web3 with seamless communication and value exchange between a plethora of protocols,” says Till Wendler, co-founder of peaq. “By making peaq IDs compatible with Solana, we take another step toward bringing this vision to life — and it’s invigorating to see excellent projects such as MapMetrics use this technology to solve real business problems with the DePIN model.”

global-blockchain-market-report-2023-2028-–-profiles-of-key-players-ibm,-oracle,-infosys,-wipro,-bitfury-and-more

Global Blockchain Market Report 2023-2028 – Profiles of Key Players IBM, Oracle, Infosys, Wipro, Bitfury and More

 

The “Global Blockchain Market: Analysis by Component, By Type, By Enterprise Size, By Application, By Industry Vertical, By Region Size and Trends And Forecast To 2028” report has been added to ResearchAndMarkets.com’s offering.

Blockchain technology has been gaining immense traction in recent years due to its potential to enhance security, transparency, and efficiency across various industries. The global blockchain market, valued at US$11.02 billion in 2022, is expected to surge to a staggering US$265.01 billion by 2028, reflecting the growing demand for blockchain solutions and services.

Several key factors are driving this surge in demand for blockchain technology:

  1. Digitalization: As industries continue to digitize their operations, blockchain is emerging as a crucial tool for enhancing data security and efficiency.
  2. Favorable Government Initiatives: Governments worldwide are recognizing blockchain’s potential to improve transparency and security in sectors like land registration, identity management, and voting.
  3. Diverse Industry Adoption: Blockchain is finding applications across various sectors, including BFSI, retail, healthcare, and more, driving its widespread adoption.
  4. Decentralized Applications: The rise of decentralized applications and services is fueling the need for blockchain solutions.
  5. Cryptocurrency Usage: The increasing use of cryptocurrencies is boosting blockchain’s significance.
  6. Data Protection Awareness: Growing awareness of data protection and the need to safeguard against cyber threats like malware is contributing to blockchain’s growth.

Additionally, notable trends such as the integration of artificial intelligence (AI) with blockchain, Blockchain as a Service (BaaS), the Non-Fungible Token (NFT) boom, and the growth of DeFi (Decentralized Finance) are shaping the blockchain landscape.

Market Segmentation Highlights:

  • Component: The global blockchain market comprises two main components: Solutions and Services. Solutions, offering essential technological infrastructure, customization options, and security features, claimed the majority of market share in 2022. Services, which provide specialized expertise for navigating blockchain complexities, are the fastest-growing segment.
  • Type: Blockchain is classified into three types: Public, Private, and Hybrid. Public blockchains, known for decentralization, transparency, and open access, dominated the market in 2022. Private blockchains, offering faster transactions and scalability, are the fastest-growing segment.
  • Enterprise Size: Large enterprises, with their complex processes and data management needs, held the majority of the market share in 2022. Small and medium enterprises (SMEs) are the fastest-growing segment, attracted by blockchain’s scalability, accessibility, and potential for process optimization.
  • Application: Blockchain applications span seven segments: Payments, Exchange, Smart Contracts, Documentation, Digital Identification, Governance, and Others. Payments, revolutionizing cross-border transactions and remittances, accounted for the majority of market share in 2022 and are the fastest-growing segment.
  • Industry Vertical: Seven industry verticals are served by blockchain technology: BFSI, Government, Travel, Healthcare, Retail, Telecom, and Others. BFSI, aligning strongly with blockchain’s principles, leads in market share and is also the fastest-growing segment.

Regional Insights:

  • North America: The region, with a vibrant blockchain startup ecosystem, recorded the highest market share in 2022. The U.S., home to major players like IBM, Microsoft, and Amazon, holds a competitive advantage.
  • Asia-Pacific: Rapid growth in this region is attributed to government support, a burgeoning financial sector, and a tech-savvy population. China, with nationwide digital transformation and heavy tech investments, leads in the Asia-Pacific region.

Competitive Landscape and Recent Developments:

Key players in the global blockchain market are:

  • IBM
  • Oracle Corporation
  • Infosys
  • Intel Corporation
  • Wipro Ltd
  • NTT DATA
  • Huawei Investment & Holding Co. Ltd.
  • Hewlett Packard Enterprise
  • Amazon
  • Accenture
  • ConsenSys
  • LeewayHertz
  • Bitfury
  • ScienceSoft

As blockchain continues to evolve and disrupt industries, it is poised for exceptional growth with a projected CAGR of 69.9% during the forecast period of 2023-2028. Blockchain technology’s blend with AI, coupled with its diverse applications, makes it a key driver of innovation in the digital age.

For more information about this report visit https://www.researchandmarkets.com/r/rgypes

spool-hones-in-on-bringing-institutions-into-defi-by-launching-its-expansive-v2-upgrade

Spool hones in on bringing institutions into DeFi by launching its expansive V2 upgrade

 

Spool DAO, or Spool, the platform allowing institutions and users to build customizable risk-managed DeFi products, launches its V2 upgrade. Spool’s new platform expands its original DeFi infrastructure and tools, with heightened decentralized access and new capabilities. Institutions of all sizes can now leverage its slate of new features and interface updates to build, manage, and explore DeFi products with unparalleled flexibility, risk reduction, and security.

Despite crypto’s whirlwind year, DeFi’s blue-chip protocols managed to largely withstand the industry-wide chaos. But that doesn’t mean the DeFi landscape hasn’t changed at all. Looming regulatory steps, such as the new bipartisan bill entering the U.S. Senate, aim to monitor DeFi apps similarly to banks, setting the stage to accommodate increasing interest from legacy financial institutions. Banks and institutions clearly see potential in crypto and DeFi’s financial possibilities, but they lack the proper tools to enter it easily, compliantly, and on their terms.

To meet this institutional need, Spool now provides a completely rebuilt platform for risk-managed and automated DeFi yield. Created from the ground up to be faster, more efficient, more composable, and easier to use than its predecessor, V2 represents a leap for Spool and institutions expanding their DeFi presence. The upgrade expands upon Spool’s core offering and introduces several key features to maximize the effectiveness of institutional DeFi investment. These features and enhancements include:

    • Multi-Asset Smart Vaults: Institutions creating Smart Vaults can now build them to contain a range of yield strategies using multiple assets. Multi-asset Smart Vaults enhance functionality in addition to Spool’s classic auto-swapping and auto-rebalancing capabilities. Investors can simply create or pick an existing Smart Vault that matches their investment preferences, and send the assets they have available. The assets are then automatically swapped and implemented in audited and battle-tested smart contracts to attain the best yields possible while allowing funds to be withdrawn at any time.
    • Smart Vault Guards: Institutions building Smart Vaults can now dictate which users can deposit or withdraw from the Vault based on specific criteria, mirroring traditional investment funds. This helps institutions tailor DeFi offerings not only to regulatory compliance but to their specific client needs as well. Institutions can create KYC and AML-compliant Smart Vaults, for example, and only allow access to vetted investors through whitelisted wallets. Other parameters include NFT or Token Gating (where a user must hold a specific NFT or token amount to access the vault), and Time Locks.
    • Actions: Spool builders can now implement customizable actions tied to user activities such as entering or exiting a Smart Vault that is configured during its creation. Actions help support institutions by creating a framework that feels familiar to traditional finance and includes features such as deposit or withdrawal fees, deposit insurance fees, and automated asset swaps that help streamline the once-manual process for yield farming.
    • Liquid Staking Derivatives (LSDs) Support: LSDs are tokens issued in return for staking cryptocurrency through a staking provider. This comes in handy for networks such as Ethereum, where validators must hold a minimum of 32 ETH to access staking and validator privileges. LSDs also allow users to withdraw staked ETH, which validators cannot do. As strategies using LSDs become more popular and prevalent, adding support in V2 enables greater convenience.
    • Advanced Automation: One of DeFi’s major obstacles lies in manual asset management within yield farms. V2 improves upon Spool’s original automation features while maintaining decentralization and self-custody. Once assets are within a Smart Vault portfolio, V2 automatically rebalances them between various strategies configured in the Vault. Spool also now offers automated collateral conversion, meaning clients investing in a Smart Vault can utilize any underlying asset they have available. Spool automatically converts the asset before investing, granting increased ease and choice.
    • Deposit NFTs (dNFTs): D-NFTs provide users with an immutable NFT receipt of their Smart Vault deposits, enabling the withdrawal of funds. ERC-20 Smart Vault Tokens (SVTs) are created by burning D-NFTs and act as yield-bearing stablecoins, which can be easily transferred or traded on a secondary market, creating a new liquid financial instrument.

Check out Spool’s video here: https://drive.google.com/file/d/150B6sSdX9gMAjdig-5675nLfftciWidJ/view

More detailed video with features overview can be found here: https://drive.google.com/file/d/1uIr_AJ_iHKErkHR5lFaUWk39A4-NUtEo/view?usp=drive_link

Among these new features, Spool V2’s completely redesigned interface allows institutions and asset managers to have a birds-eye view of their Smart Vault portfolio. The platform champions accessibility while providing the comprehensive tools and oversight that institutions require. This includes tools for easily white-labeling Smart Vaults for client access with their own branding and unique insights into Smart Vault performance based on customizable KPIs.

By enabling the codeless creation of financial services and products backed by audited financial primitives, institutions that don’t have DeFi-specific teams are now able to easily access DeFi. The upgrade’s capabilities set the stage for large-scale institutional partnerships in the pipeline for Spool, following a steady stream of integrations and collaborations leading up to its launch.

“We are incredibly proud to launch Spool V2 after countless months of our team developing, testing, and listening to the feedback and needs of our institutional partners,” says Philipp Zimmerer, Lead of Token Strategy of Spool. “This lands at a pivotal moment in crypto in a year that has been all about responsibly rebuilding the industry and forging a new path for DeFi. Improving access, flexibility, and security will not only garner further institutional support but set a new standard for what DeFi can make possible for any investor.”

bitget-wallet-debuts-task2get,-a-web3-exploration-incentive-platform,-with-zetachain-interactive-campaign

Bitget Wallet Debuts Task2Get, a Web3 Exploration Incentive Platform, with ZetaChain Interactive Campaign

 

Following its brand upgrade from BitKeep Wallet, the world-leading all-in-one Web3 trading wallet Bitget Wallet has set its sights on improving overall user access to the decentralized finance (DeFi) ecosystem and discovering even better opportunities in the world of Web3. Its latest initiative, Task2Get, serves as a revolutionary Web3 exploration platform that provides users with attractive incentives for interacting with and completing a variety of different on-chain tasks.

Task2Get is primarily designed to fulfill two key functions: keeping users at the forefront of promising emerging projects; and rewarding users for interacting with them. This exciting initiative carefully curates and showcases the hottest projects to enter the Web3 ecosystem, providing a convenient avenue for users to interact with these projects, securing their spot for potential airdrops in the future. Additionally, the Task2Get platform also provides attractive rewards for users who complete set interaction tasks with featured projects, providing yet another incentive layer for users to earn while trying their hands on up-and-coming protocols and projects.

Kicking off the first phase of Task2Get, we are excited to collaborate with ZetaChain. This innovative EVM-Layer 1 blockchain connects all chains – even non-smart chains like Bitcoin network. ZetaChain is also known for its seamless connectivity across any blockchain and layer, supported by its Omnichain Smart Contracts. With a focus on facilitating interaction with the ZetaChain testnet ecosystem, Task2Get features 6 prominent DApps for users to interact with: XDAO, LENX, iZUMi Finance, Eddy Finance, Bounce Finance, and zkMe. Bitget Wallet users will stand a chance to win their share of 700,000 ZETA for completing interaction tasks, as well as exclusive Bitget Wallet x ZetaChain commemorative NFTs – which will provide holders with access to exciting periodic airdrops by Bitget Wallet.

One-Stop Airdrop Interaction Platform on Mobile

With the rise of numerous mainnets and projects in Web3, airdrop interaction has grown to become an increasingly popular way for users to explore emerging projects while also earning exciting rewards. However, the limited mobility of desktop computers is an obstacle that prevents users from capitalizing on these opportunities while on the go. Moreover, the overwhelming amount of information available may make it difficult for users to decide which project they wish to invest their time in. Identifying and tracking promising projects within such a context therefore requires not only high levels of experience and skill, but also significant investments in time and effort.

Task2Get was conceptualized specifically to solve these issues by serving as a one-stop airdrop interaction platform dedicated to mobile users. Featuring a clear and user-friendly interface that consolidates key DApps from various mainnets for the user’s perusal, Task2Get ensures that users have access to concise and step-by-step instructions to perform their on-chain interactions with unbeatable ease, directly from their mobile device.

Additionally, Task2Get also boasts a robust suite of interactive tools to further enhance overall user experience. Ranging from educational guides to shared experiences from Key Opinion Leaders (KOLs), users will be able to find a rich diversity of resources to assist them in enhancing their interaction levels. The platform also offers real-time query tools, enabling users to track their wallet interactions, including records, rankings, and gas consumption details. Placing user security as its top priority, Task2Get integrates a contract authorization detection feature that allows users to manage their authorization permissions and revoke any granted to potentially suspicious contracts to ensure the safety of their assets.

Recognizing that the process of interacting with airdrops can become tedious after a while, Task2Get introduces a refreshing element of surprise by rewarding users with random NFTs upon the completion of each task. These NFTs not only entitle users to potential future airdrops, but also allow them to track their interaction progress and rankings, encouraging users on their airdrop interaction journey. tion.

Seasoned Web3 veterans and newcomers alike will undoubtedly find their airdrops needs met with Task2Get, streamlining and bolstering their expedition into the frontiers of DeFi.

Holding Collaborative Ecosystem Incentive Events with Mainnets and Projects

In line with its vision of serving as the ultimate Web3 trading wallet, Bitget Wallet goes beyond just offering unmatched opportunities for users to capitalize on valuable trading opportunities via its integrated swap service. It also hosts various rewarding events for users to experience different mainnet ecosystems and enjoy rewards for doing so, providing a mutually beneficial way to grow the overall Web3 ecosystem.

Within the wallet, users are invited to engage in diverse incentive-driven activities, including ecosystem incentives for specific mainnets, project-based airdrops, Invite2Get invitation-earning schemes, and dynamic on-chain trading competitions. These activities are launched regularly, offering users a dual experience of earning substantial rewards and enjoying the vibrancy of Web3.

Bitget Wallet boasts an impressive track record of leading large-scale and exciting campaigns with industry-leading networks and projects, including Solana, Mantle, Galxe, and more. Participation methods are versatile, encompassing holding wallet positions, executing Swap transactions, utilizing DApps, and inviting friends, with rewards varying from native tokens and whitelists to NFTs. Statistically, Bitget Wallet distributes approximately $100,000 in monthly airdrop benefits to its users through these diverse activities.

With the introduction of Task2Get, Bitget Wallet aims to rally together with emerging market trends and projects, providing its users with unprecedented access to explore the broader Web3 on-chain ecosystem while earning exciting rewards at the same time.

Fostering Strong Connections Between Projects and Users

Since its inception in 2018, Bitget Wallet garnered the trust of over 12 million users worldwide, marking its position as one of the world’s top ten crypto wallets. Task2Get is set to capitalize on Bitget Wallet’s extensive user base and significant market impact to create a robust platform for growth and exposure, benefiting both emerging and established projects.

Currently, Bitget Wallet supports over 90 mainnets and offers comprehensive functions like wallets, swap tradings, real-time smart quotes, NFT marketplaces, and DApp interactions. This comprehensive support empowers mainnets and project teams, facilitating users to complete various tasks within the wallet ecosystem, thereby driving continuous participation and active engagement in ecological projects.

Task2Get is committed to the continued and extensive collaboration with industry-leading partners, bridging mainnets, ecosystem projects, and users. This initiative fosters user-project interactions, enhances project visibility, attracts active user participation, and partners with projects to deliver more benefits to users, aiding them in navigating the vibrant Web3 landscape.

blocksmith&co.-has-partnered-with-tencent-cloud-to-promote-web3-services

BLOCKSMITH&Co. Has Partnered with Tencent Cloud to Promote Web3 Services

 

BLOCKSMITH&Co. (Head office: Minato-ku, Tokyo; CEO: Tetsuya Sanada; hereinafter “BLOCKSMITH”) is pleased to announce that Tencent Cloud, the cloud business of Tencent, one of the world’s largest technology companies, has agreed to jointly promote efforts to expand the Web3 ecosystem, particularly in the development of services in the entertainment domain. By providing technical support such as SDK provision by Tencent Cloud and backing up BLOCKSMITH’s ongoing development and operation of the vertical short video quiz app “QAQA”, the two companies aim to make entertainment services using Web3 and blockchain technology more widespread among the general public.

BLOCKSMITH will utilise Tencent Cloud’s advanced technology to further improve the UX (user experience) of QAQA, a vertical short video quiz application.

First, the inclusion of Tencent Cloud’s User Generated Short Video (UGSV) SDK makes it easier for users to create and share their own quiz videos.

The adoption of the Tencent Cloud Video on Demand (VOD) solution will also enhance content generation and delivery on the QAQA platform. User-generated short videos will be efficiently managed and distributed through the VOD system.

These technological advances in the QAQA platform form the basis for a new trend in web3 entertainment services. With this innovative initiative, BLOCKSMITH and Tencent Cloud aim to provide a platform where users can be entertained and rewarded at the same time.

More info: https://www.blocksmithand.co.jp/en/news/135

bingx-partners-with-unisat-and-bolsters-spot-trading-ecosystem

BingX Partners with UniSat and Bolsters Spot Trading Ecosystem

 

BingX, a global leading crypto exchange, announced its collaboration with UniSat, marking its pioneering step as the top centralized exchange (CEX) to integrate BRC-20, the latest blockchain technology standard. This partnership is set to bolster the spot trading ecosystem of BingX and transform the way its users interact with digital assets, offering unparalleled efficiency and security.

UniSat Wallet, a Chrome plugin wallet for the BTC ecosystem, empowers users with services like token purchase and sale, NFT transactions, token minting, and BRC-20 token information queries. BRC-20, an experimental token standard facilitating fungible token minting and transfers via the Ordinals protocol on the Bitcoin blockchain, has gained prominence for its high utility. While most BRC-20 tokens are deployed through third-party tools, UniSat Wallet streamlines this process, offering a lightweight plugin expediting BRC-20 deployment and transactions.

This integration extends benefits to users, ensuring heightened security through BRC-20’s advanced protocols, creating a secure trading environment. It enhances efficiency by facilitating faster transaction speeds, reducing confirmation times, and elevating the overall user experience. BingX users also enjoy cost savings, thanks to BRC-20’s optimized network, making trading more accessible. The global accessibility of BRC-20 on BingX fosters inclusivity in the digital asset community.

“This integration is part of our continuous efforts to enhance our spot trading services and support the growth of the blockchain industry,” said Megan Nyvold, Head of Branding at BingX. “As the first CEX to support BRC-20, BingX is dedicated to offering our users a more timely, streamlined, and cost-effective way to conduct spot trading over a wider range of tokens and cryptocurrencies. We aim to leverage potentials of BRC-20 and position BingX at the forefront of technological advancements in crypto space.”

Previously, BingX stood out as the exchange of initial offerings for popular BRC-20 tokens, including ORDISATSRATS, and other coins like TIA and TKST, which experienced a remarkable price surge within the first hour. And BingX will support the Rune and ARC-20 protocols soon. Users can anticipate more unparalleled opportunities as BingX continues to lead in adapting and evolving with future innovations.

astar-partners-with-polygon-to-deploy-its-zkevm-testnet,-the-network’s-solution-for-interoperability

Astar partners with Polygon to deploy its zkEVM testnet, the network’s solution for interoperability

Astar Network, a leading blockchain platform on Polkadot creating a cross-chain smart contract environment to support enterprises and dApp builders, joins forces with Polygon to launch zKatana, the testnet for its layer-2 scaling solution.

Blockchain scalability presents the challenge of balancing decentralization, security, and transaction capacity within networks and protocols. This has led to the development of layer-1 and layer-2 scaling solutions, each tasked with different responsibilities and functions. Layer-1 solutions modify the base blockchain protocol to directly boost transaction throughput. In contrast, layer-2 solutions, such as state channels and sidechains, offload transactional work to auxiliary systems, reducing the load on the primary blockchain and boosting efficiency.

Astar’s introduction of zkEVM and its partnership with Polygon primarily focuses on layer-2 solutions, enhancing interoperability and scalability without compromising decentralization or security. Its deployment aims to ensure Ethereum state continuity while providing verifiable data, delivering a reliable blockchain solution tailored for global enterprises. As part of its Astar Supernova zkEVM launch, it effectively addresses scalability issues while enhancing security and privacy, facilitating trustless interoperability abilities. Its key attributes include:

  • Speed and Scalability: Through zero-knowledge technology, Astar zkEVM ensures seamless operational stability, even during high transaction volume periods.
  • High EVM Equivalency: Astar zkEVM is equivalent to Ethereum’s EVM, offering greater scalability when working with existing Ethereum tools and clients.
  • Security: Building upon Ethereum’s security mechanisms, Astar zkEVM establishes a robust and secure environment for executing smart contracts and processing transactions.
  • Interoperability: Trustless interoperability, making integrations with Ethereum-based applications and assets smoother than ever.
  • Cost Efficiency: Astar zkEVM significantly reduces transaction costs compared to Ethereum, delivering economic benefits for users and companies.

zkEVM deployment serves as an expansion strategy for the Astar ecosystem, enriching developer choices and reinforcing connections with leading Ethereum ventures. Astar’s collaboration with Polygon Labs and its zkRollup technology marks a pivotal achievement in promoting interoperability and unlocking a diverse spectrum of applications. It’s a key component of Astar 2.0, a transformative phase that expands its capabilities to support multiple chains and smart contract technologies, unlocking the full potential of Web3 applications.

Astar 2.0 showcases the project’s dedication to Web3 innovation and solidifies its position as a leading Polkadot parachain, marked by initiatives including the Supernova launch, a Japanese ecosystem expansion, and the Astar Tokenomics 2.0 upgrade.

As a pioneering parachain with a total value locked (TVL) exceeding $200 million, Astar has excelled through strong partnerships and a pilot program with major Japanese enterprises including Sony and Toyota. Its primary goal is to promote expansion and interoperability in the blockchain industry, providing developers and enterprises with greater options. By adopting zkRollup technology, Astar prioritizes security by enabling trustless interactions and safeguarding sensitive data, serving as a significant step forward for the entire blockchain sector.

“Astar is set to illuminate the path to an exciting future in the blockchain space,” affirms Sota Watanabe, CEO of Astar Network. “Our journey at Astar has been a remarkable evolution, driven by our unwavering commitment to advancing the blockchain landscape. As we transition to Astar 2.0, we are poised to unlock a new era of possibilities in the Web3 industry to global audiences.”

“Astar’s impressive journey to 2.0 signifies a pivotal moment that will ignite a phase of unprecedented growth,” says James Wo, founder of Digital Finance Group, or DFG, a global blockchain and digital asset investment firm, itself an early backer of Astar Network. “The prospects for Astar in Japan, the Asia-Pacific region, and on a global scale are exceptionally bright. We anticipate Astar’s ecosystem expanding, bringing the benefits of Web3 to millions of users.”