Blockchain
Oobit’s collaboration with TON allows users to spend Tether sent via Telegram
May 17: Oobita mobile payment app, has “partnered with the TON Foundation to integrate its native cryptocurrency, TON (Toncoin), in its platform, promoting the use of cryptocurrency as a means of payment,” according to the team: “Toncoin holders will be able to Tap & Pay at over 100 million retailers worldwide. The integration will further strengthen the recent announcement of the collaboration between the largest company in the digital asset sector, Tether, and the TON Foundation.” According to a separate press release on Tether’s website: Users will be able to “send USDT as a direct message on Telegram and spend the same USDT for instant Tap cryptocurrency payments on Oobit.”
Radix update “Bottlenose” introduces “AccountLockers” for routing tokens
May 17: Radixplatform for DeFi and Web3, he “proposed a Bottlenose dolphin protocol update to its node runner community and is expected to go live around June 3rd. One of the highlight features of the update is the introduction of AccountLockers, a “locker” into which token deliveries are routed, which can be accepted or rejected. AccountLockers are intended to block unwanted deposits and simplify dApp accounting. Other Bottlenose features include API and Radix Engine improvements and the addition of a recovery fee vault, eliminating the need to lock third-party fees during account recovery.”
Internet-based “Bitfinity EVM” launches as Bitcoin L2 and supports runes
May 17: Bitcoin level 2 Bitfinity has introduced its Ethereum Virtual Machine (EVM) to port smart contracts Bitcoin protocols and leverage runes to enable Bitcoin DeFi apps. Based on the Internet Computer Protocol (ICP), Bitfinity integrates with the Bitcoin network and allows the connection of assets to other blockchains. The Internet Computer technology stack will allow applications using Solidity, Ethereum’s smart contract programming language, to access Bitcoin-based tokens.
Mintlayer, Salus partners on the layer 3 “Thunder network” connected to Bitcoin
May 17: Layer-2 scaling solution Mentaio and Salus, a security company specializing in zero-knowledge (ZK) technology, are collaborating to improve Bitcoin through the creation of Thunder Network, a solution based on layer 3 ZK rollups, according to the team. “The Thunder Network is designed to address any scaling issues the Mintlayer Network may encounter, while enabling additional EVM functionality that may currently be absent from Mintlayer,” according to a Press release.
DroppGroup Announces “DroppLink” to Tokenize Gen AI Outputs
May 17: Drop Group, with the aim of harmonizing artificial intelligence and blockchain technology, has “announced the launch of droppLink, an intelligent services platform poised to transform the development and management of artificial intelligence across multiple blockchains. The architecture of DroppLink abstracts computational requirements, facilitates micropayments, and democratizes data contribution, providing users with ownership and control, all while stakeholders, known as Computational Resource Patrons (CRPs), bear the costs of infrastructure and share in the revenue generated from the artificial intelligence processes they enable.” According to the project website, “end-user Gen AI outputs are tokenized as unique digital assets on the Solana blockchain and are stored on the Filecoin network.”
Diagram illustrating droppLink in a setup with Solana and Filecoin (droppLink)
Union and Stargaze to enable the transfer of “Ethereum Blue-Chip NFTs” to Cosmos
May 17: Unionthe modular interoperability layer, is “collaborating with Stargaze, a community-owned decentralized NFT marketplace, to enable the transfer of blue-chip Ethereum NFTs to the Cosmos ecosystem via its trustless and decentralized zkIBC bridge. This collaboration paves the way for the Achieving Trustless Interoperability for NFTs,” according to the team.
Oracle Project Pyth Launches $22 Million Ecosystem Grant Program
May 17: Pitoa blockchain oracle project, is “launching their Ecosystem Grants Program with 50 million PYTH (worth approximately $22 million at today’s prices) dedicated to this activation,” according to the team: “The program seeks projects focused on at least one of these three key areas: community grants, research and developers”.
DTCC, Chainlink Pilot accelerates fund tokenization with JPMorgan, Templeton, BNY Mellon
May 17: on Depositary Trust and Clearing Corporation (DTCC)the largest securities settlement system in the world, completed a pilot project with blockchain oracle Chain shirt (CONNECTION) and several major U.S. financial institutions, with the goal of helping accelerate the tokenization of funds, according to a relationship published by the DTCC. The purpose of the project called Intelligent NAV was to establish a standardized process for porting and disseminating funds’ net asset value (NAV) data to virtually any private or public blockchain using Chainlink CCIP interoperability protocol. Market participants included American Century Investments, BNY Mellon, Edward Jones, Franklin Templeton, Invesco, JPMorgan, MFS Investment Management, Mid Atlantic Trust, State Street and US Bank. (CONNECTION)
Diagram illustrating the “Smart NAV” pilot project (DTCC)
EasyA Consensus Hackathon – Invitation to participants
This year, Consensus will host its first in-person hackathon alongside the world’s #1 Web3 learning app, EasyA. It will be a three-day, multi-chain IRL hackathon with world-class sponsors, from Sui to Stellar to Polkadot and beyond, and will attract the world’s best developers to build the future of Web3 and raise funds for their projects.
Projects launched by EasyA alumni are worth over $2.5 billion. The EasyA Consensus hackathon will be the biggest hackathon of 2024 so far.
We still have a few spots open for hackers, so if you’re excited to attend, be sure to do so sign up here!
FLock.io will combine decentralized AI training with Morpheus’ “intelligent agents.”
May 16: FLock.ioa platform for “AI co-creation,” and Morpheus, a network to power intelligent agentsannounced a strategic partnership “to advance decentralized AI capabilities in Web3,” according to the team: “By bringing together FLock.ioof the decentralized, community-driven AI training model platform with Morpheus, which allows Smart Agent builders to deploy their code and receive rewards, the partners aim to reduce reliance on centralized external function calls to OpenAI and integrate more Smart Agents in Web3 wallets. Ultimately, this integration will allow users to leverage AI directly from their wallets for smooth, secure and intuitive trading experiences.”
Intertwine interoperable data infrastructure layer with “Liquid Vault”, launch Mainnet
May 16: Braidingan interoperable data infrastructure layer powered by the underlying primitive”liquid times,” is releasing its mainnet after two years of development and a rigorous testnet phase, according to the team: “The network currently contains 71 validators, including Hashkey Cloud, Rhino, Nodefi, and DaiC. The mainnet also features Photon Messaging functionality, enabling omnichain development across 16 EVM and non-EVM blockchains, including Solana.”
Alvara Protocol, which develops a DeFi-based system for managing funds, launches Testnet
May 16: Alvara protocol is “launching its testnet, marking an important milestone in its development of a DeFi-based system for managing funds,” according to the team: “Alvara democratizes fund management with an innovative tokenized fund factory, leveraging DeFi, ensuring transparency, liquidity and cost efficiency compared to traditional hedge funds and ETFs. Based on the ERC-7621 token standard, it allows anyone to become a fund manager. With the live testnet, users can explore the platform, provide feedback and help shape Alvara’s future impact on the DeFi and TradFi sectors.”
Hashgraph Association and Qatar Financial Center plan $50 million “Digital Assets Venture Studio.”
May 16: The Hashgraph Association has signed a strategic partnership with Qatar Financial Center to launch a $50 million Digital Assets Venture Studio, according to the team: “The platform will support local Qatari companies and international portfolio companies in developing decentralized financial solutions compliant with regulations and digital assets built on the Hedera Distributed Ledger Technology network will be part of Qatar’s Digital Assets Lab within the QFC Innovation Dome as part of Qatar’s “National Vision 2030″ to accelerate research and development in the asset space. digital resources.”
KYVE Launches “Phase 0” of Grants Program with Maximum of $50,000 Per Approved Grant
May 16: KYVE network representatives announced that the KYVE Grant Program: Phase 0 is now he lives: “This grant phase offers up to $50,000 in funding per approved grant using KYVE’s robust datasets and/or tools,” according to the team.
Game developer Param Labs, behind Kiraverse, raises $7 million, led by Animoca
May 16: Param Labs, an independent game development and infrastructure company behind the Kiraverse game, and 3-D asset creation platform Pixel to Poly, announced a fundraising of $7 million in an investment round led by Animoca Brands. According to the team: “Delphi Ventures, Cypher Capital, Mechanism Capital and other top-tier investors also joined the seed and private funding rounds. The company has thus incorporated over 50 IP partnerships within its ecosystem, with brands such as Pudgy Penguins, Neo Tokyo, Animoca Brands’ Mocaverse, Pixelmon and retail giants like GameStop.”
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