Blockchain-based solution drives significant improvements in data visibility, accuracy and operational efficiency within cargo handling sector, according to research conducted by Aventus at Heathrow Airport

Airlines can benefit from overall cost savings in their cargo handling operations by leveraging Web3-based solutions, according to a study conducted by Aventus & Airport Perishables Handling (APH) at Heathrow Airport.

The existing toolset used for global ULD management has remained unchanged since the 1990s and relies heavily on manual data inputs, resulting in critical challenges with data visibility and accuracy, secure information sharing, and costly ULD losses, damages and delays – costing airlines north of $1.6 billion annually. 

Web3, through blockchain technology, offers a robust solution to the challenges of traditional ULD management, by: 

• Enabling immutable, tamper-proof records that provide a single source of truth, eliminating disputes and improving regulatory compliance;
• Reducing administrative overhead and minimize errors by automating manual processes via self-executing smart contracts; 
• Enabling real-time visibility into ULD location, custodianship and condition, and streamlining data sharing to enable airlines to optimize operations.

In a pilot study conducted at Heathrow Airport, Aventus, an industry-leading provider of end-to-end Web3 solutions for enterprises and parachain on Polkadot, found that its end-to-end blockchain-based cargo handling solution drives improvements in data visibility, accuracy and operational efficiency within the cargo handling sector.

• 90% reduction in communication and error incidents as a result of digitized data capture; 
• 83% reduction in manual documentation time;
• 81% reduction in time between ULD stock updates from 3-4 hours to just 30 minutes, enabling real-time decision-making; and
• 28% reduction in loading times as a result of optimized ULD loading workloads.

Alan Vey, Founder at Aventus, comments: “These results are truly remarkable, underscoring the transformative potential of blockchain for not only the aviation industry but for supply chains globally. We are proud to be empowering enterprises to enhance data accuracy, reduce operational inefficiencies, and achieve greater transparency. As we expand our partnerships across North America, Europe, the Middle East and Asia, we anticipate these results to only improve via network effects.”

Michelle Roosevelt, Director at Aviation Perishables Handling, adds: “Aventus’ technology is fast and responsive, which is key in our busy airport environment. We’ve seen huge improvements in productivity. The app is more than a tool – it’s reshaped how we manage and track our aircraft containers, and the Aventus team’s support and expertise in meeting our needs has been outstanding.”

Aventus’ aviation solution brings partnerships with major enterprises to the Polkadot ecosystem, including Aviation Perishables Handling at Heathrow Airport, Vodafone’s Digital Asset Broker, as well as other major airlines across Asia and the Middle East.

For more information on the study, users can download the full report here. 

About Aventus

Aventus transforms how customers create trust and unlock growth, crafting pioneering Web3 solutions for brands, from creating more connected, integrated experiences to enhancing traceability, transparency, and product authentication. Founded in 2020, Aventus is the only trusted digital product extension platform that provides a secure and reliable Web3 environment for customers to launch market-leading programs and product activations. 

With deep industry expertise and a strong understanding of enterprise needs, Aventus delivers the best feature sets of Web3 with the familiarity of Web2, driving significant brand reputation, trust, and enterprise growth for its customers. Its production-ready, end-to-end Blockchain-as-a-Service software is modular, scalable, and interoperable, giving clients the flexibility they need to respond to rapidly-evolving market opportunities.

Contact

Head of Marketing
Ellie Hyman
Aventus
ellie.hyman@aventus.io

The post Aventus Supply Chain Solution Demonstrates Polkadot’s Impact on Aviation Inudstry appeared first on Blockonomi.

Sui’s new Mysticeti protocol cuts consensus latency to 390 ms, elevating its industry-leading tech and developer stack to new highs.

Sui, the pioneering Layer 1 blockchain known for industry-leading performance and infinite horizontal scaling, today announced the successful deployment of Mysticeti on Sui Mainnet after a successful run on Testnet. This innovative protocol cuts consensus latency to an astonishing 390 milliseconds, establishing Sui as the fastest consensus layer in the industry.

Developed from extensive research into Byzantine fault tolerance (BFT) consensus mechanisms, Mysticeti represents a significant advancement from Narwhal-Bullshark, the consensus algorithms launched with Sui Mainnet over a year ago. Mysticeti achieves unprecedented transaction speeds, extending Sui’s impressive low latency performance across all transaction types on the network.

Sui’s object-oriented architecture allows the network to process transactions differently based on the characteristics of the transaction and the objects involved. Transactions on Sui involving only “owned objects,” such as peer-to-peer transfers, bypass the need for consensus, following a fast-path execution that completes in a shorter time. Now, with Mysticeti, transactions involving shared objects, such as those in marketplaces or collaborative game assets, are processed using an optimized version of BFT consensus that results in lower latencies nearly akin to those of owned object transactions. Mysticeti minimizes cross-validator communication and fully utilizes network bandwidth to maintain high throughput.

Live on Testnet for the past three months, Mysticeti’s remarkable results – including an 80% reduction in latency – generated significant buzz within Sui’s developer community and a broad desire to see the update pushed to Mainnet. With the update now live, the Sui Network can handle tens of thousands of transactions per second with end-to-end latencies well below one second.

“Mysticeti’s successful deployment is a testament to the collaboration between research and engineering, and the validator community that has integrated this new consensus mechanism,” said Dmitri Perelman, Head of Engineering at Mysten Labs. “Mysticeti is a next-generation consensus protocol that sets a new standard for blockchain transaction speeds and puts Sui at the forefront of our industry.”

Kevin Nelson, Co-Founder & CTO of Aftermath Finance, which created a leading DeFi protocol on the network said, “Mysticeti’s shift to minimizing latency for the general case—shared object transactions—marks a significant advancement across many sectors on Sui, particularly within the Sui DeFi ecosystem. The rollout to Mainnet has already begun to show tangible results, with noticeable latency reductions across our entire product suite. At Aftermath, we are excited to leverage Mysticeti’s full capabilities to deliver more efficient, lower latency products to market.”

Rabeel Jawaid, Co-founder of leading derivatives exchange Bluefin said, “On-chain settlement latency just dropped significantly on Bluefin with the Mysticeti upgrade! P50 consensus latency currently is just under 400ms and E2E client latency when measured via a fullnode is under 1s for P50, which as far as I know is the fastest in Web3 right now – especially at scale with parallelization. With this upgrade, the trading experience on Bluefin has already become more seamless for retail, and our institutional partners have started to scale their flow and liquidity on the platform.”

Bonkman, the pseudonymous Founder of Hop, a DEX aggregator on Sui said, “Hop allows users to interface with Sui DeFi. This makes it dependent on Sui’s consensus mechanism and before Mysticeti swaps took roughly 2-3 seconds. Now, nearly every single swap takes less than 1 second to execute and reach finality. In all of web3, there has never been a better DeFi experience that is present today on Hop via Mysticeti.”

Contact

Sui Foundation
media@sui.io

The post Sui Sets The Standard for Blockchain Speed with New Mainnet Consensus Mechanism appeared first on Blockonomi.

Zircuit, a fully EVM-compatible ZK rollup with AI-enabled sequencer-level security, today announced that Mainnet Phase 1 is now live. Mainnet Phase 1 also includes the launch of the Zircuit Mainnet Festival, a first-of-its-kind program that rewards ZRC and a chance to win large prizes in proportion to gas spent on the Zircuit network.

To reward users who participated in its highly successful staking program with over $2B staked, Zircuit also opened Season 1 Airdrop claims. Users who staked assets in the Season 1 points campaign may now claim their tokens.

During the Mainnet Phase 1 stage, users will be able to bridge funds to Zircuit’s Mainnet and interact with projects in Zircuit’s ecosystem including Ambient Finance, DODO, Circuit, Zerolend, Ethena, Lynx, InstaDapp, LogX, Shoebill, and more. Developers are also welcome to deploy applications on Zircuit mainnet and join the thriving ecosystem of over 60 projects. 

As part of the launch, Zircuit is hosting the Zircuit Mainnet Festival which rewards users with ZRC tokens whenever they pay gas fees on Zircuit mainnet. Additionally, participating users will have the chance to win prizes, and a super prize of 100,000 ZRC. This festival encourages users to interact with the network and experience the benefits of Zircuit while earning ZRC tokens and prizes.

Mainnet Phase 1 will introduce a cap on the amount that each wallet can bridge, with caps increasing over time. During this initial phase, users may bridge ETH only, with other assets slated to be added progressively. This allows Zircuit to launch in the most secure way possible and provides a broader distribution of Zircuit rewards to smaller wallets. 

During this phase, Zircuit opens the ZRC token claims portal to reward users who were early contributors and participants in the network. Those who earned Zircuit Points in Season 1 of Zircuit Staking will be eligible. While tokens are claimable during this time, they will be non-transferable until a later date. To prepare for the asset migration in Phase 2, where staked assets will transfer from Ethereum mainnet to Zircuit mainnet, Zircuit will start collecting wallet addresses from users who intend to move their staked assets once the network is fully live. 

“Launching the first phase of mainnet is a significant milestone for us. Developers and users can now experience the full benefits of Zircuit and our breakthrough technology, sequencer-level security. In addition, the Mainnet Festival is a first-of-its-kind mechanism that most directly rewards early active users. We see Zircuit as the foundation for the next wave of innovation in web3 and we look forward to seeing what decentralized applications will be built on Zircuit next,” stated Martin Derka, co-founder of Zircuit.

Zircuit protects users from hacks through its built-in, automated AI techniques that guard users against smart contract exploits and malicious actors. Bolstered by its strong security infrastructure, Zircuit is the central hub for restaked assets featuring unparalleled security and allowing users to earn industry-leading yields natively. Zircuit is the premier liquidity hub for restaked assets (ETH, BTC, LSTs, and LRTs) where users enjoy stronger security guarantees and trust.

During Mainnet Phase 1, users can explore the Zircuit ecosystem on zircuit.com/#ecosystem and explorer.zircuit.com and bridge ETH to Zircuit Mainnet at bridge.zircuit.com. Zircuit’s Mainnet Phase 2 is set to launch in August. 

Users can claim their tokens by visiting claim.zircuit.com and participate in the Zircuit Mainnet Festival by visiting festival.zircuit.com.

To learn more about Zircuit, users can visit zircuit.com or read the developer docs at docs.zircuit.com 

About Zircuit 

Zircuit is a ZK rollup with AI-enabled sequencer-level security and parallelized circuits. Built by a team of web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuit’s unique architecture combines the best of both worlds of performance and security. To learn more users can visit zircuit.com or follow us on Twitter/X @ZircuitL2

Contact

Jessica
Zircuit
jessica@zircuit.com

The post Zircuit Launches Mainnet Phase 1 And Rolls Out ZRC Airdrop Season 1 appeared first on Blockonomi.

Sharpe AI , an AI-powered crypto super-app for traders, has announced the listing of its token $SAI on Gate.io followed by more exchanges starting at 1 pm UTC, 5th August, 2024. The token will be available in the trading pair USDT, setting the stage for a new chapter in AI-powered crypto trading.  

The anticipation is soaring following the blockbuster success of $SAI’s Initial DEX Offering (IDO) this past April. The IDO shattered all previous records, achieving an astounding 300x oversubscription. With over 120,000 participants bringing in $576 million in assets, it became one of the biggest IDO in history—a true milestone moment for the crypto space.

Key Highlights

• Sharpe AI has 25+ live products with over 150,000 users and $500+ million in platform volume
• Received grants from Google, Microsoft, and IBM
• Backed by industry leaders including Animoca Brands, GBV Capital, Morningstar Ventures, Maven Capital, MetaBros, Contango Digital, Ape Terminal, AIT Protocol
• $SAI IDO on Ape Terminal was 300x oversubscribed, making it one of the biggest IDO in history with over 120k participants connecting $576M in assets
• $SAI is listed on Aevo Pre-markets, a spot reserved for only the most anticipated projects in the space, and has smashed every record for daily volumes
• Received CME license (the only crypto company that has received it)
• First Bittensor ecosystem project, using the AIT subnet to mine $TAO
• Ranked #1 on Product Hunt globally for all AI and Crypto categories
• Sharpe is backed by Contango Digital (main investor of Bittensor)

$SAI Token Utility

$SAI is the native utility and governance token underpinning the Sharpe AI ecosystem. The token is carefully designed to align incentives between Sharpe AI, token holders, and the broader ecosystem. It provides economic incentives for participants, funds future development and growth initiatives through a community treasury model, and enables decentralized governance over the platform.

$SAI token holders will enjoy a range of benefits within the Sharpe AI ecosystem:

• Discounts: Staking $SAI unlocks discounts on trading products
• Airdrops: Potential airdrops of project tokens launching through Sharpe Launchpad and Sharpe Perps
• Governance rights: Ability to vote on crucial platform decisions
• Staking rewards: Additional benefits including fee rebates and early access to new features

Sharpe AI aims to create a token that encourages long-term participation through:

1. A buyback and burn mechanism to reduce token supply and reward token holders over time
2. Long-term incentives through rewards and discounts via staking
3. Governance participation for token holders

Part of the profits generated from all products will be used to repurchase $SAI from the open market through a series of repurchasing programs, such as TWAP orders. Tokens bought will be burned, deflating supply over time.

As part of the rollout of staking, the buyback & burn mechanism will split into buybacks that will be allocated towards both burns and staking rewards — allowing stakers to accrue additional platform ownership over time.

$SAI Listing Details

• Date: August 5th, 2024 
• Time: 1 PM UTC
• Exchanges: Gate.io, Uniswap.
• Pair: SAI/USDT

The platform is notably the first Web3 project recognized by tech giants Google, Microsoft, IBM and OpenAI. Backed by industry-leading investors Animoca Brands, GBV Capital, MorningStar Ventures,  Maven Capital, MetaBros, Contango Digital, Ape Terminal, and AIT Protocol. Sharpe AI stands out as a leader in the AI x Crypto space. As one of the first projects in the Bittensor ecosystem leveraging the AIT subnet to mine $TAO.

This advantage drives its rapid growth, establishing Sharpe AI as the largest AI super app currently boasting a live platform with 25+ live products.

“The listing of $SAI marks a pivotal moment for Sharpe AI and the broader AI-crypto ecosystem,” said Rishabh Narang, CEO of Sharpe AI. “We’re excited to bring our vision of intelligent, accessible crypto trading to a global audience.”

Current Sharpe AI Integrations and Partnerships

Aethir, Ionet, Bittensor, Lido, Aevo, Hyperliquid, Arbitrum, Aioz, Paradigm, Orderly Network, Paradex, 0x, Eesee, TradingView, Li.Fi, LogX, AIT Protocol, Ape Terminal, Aave, HyperGPT, Paraswap, Galxe, Arbitrum, Mantle, OpenOcean, and more.

About Sharpe AI

Sharpe AI is pioneering the future of crypto interface with its AI-powered superapp. With a focus on intelligence, tracking, and investing in digital assets. Sharpe is now the largest crypto super-app, boasting over 150,000 users and more than $500M in volume. Sharpe AI has a vision of creating a vertically integrated moat by combining data intelligence, trading products and DeFi execution on leading chains, culminating in a comprehensive platform unparalleled in the industry.

The platform is rapidly expanding its capabilities, having recently acquired Brownian (specializing in full-stack AI intelligence) and launched HiveIntelligence (building decentralized AI superintelligence network).

Key Products: 

• Sharpe Perps: An omnichain decentralized orderbook perpetual DEX
• Sharpe DEX: A leading decentralized exchange aggregator
• Sharpe Bridge: A platform for seamless crypto swapping and bridging across multiple blockchains
• Sharpe NFT Marketplace: A hybrid NFT marketplace aggregator with 20+ top marketplaces
• Sharpe Terminal: A Bloomberg-like terminal for crypto, consolidating news, governance, research, and various market data

Looking ahead, Sharpe AI plans to expand its AI capabilities, integrate with additional blockchain networks, and launch new products aimed at institutional investors. Sharpe AI is also exploring partnerships with traditional finance institutions to bridge the gap between conventional and crypto markets.

For more information about Sharpe AI and the upcoming $SAI token sale, users can visit Sharpe AI’s official website or join their community on Twitter, Telegram, and Discord.

For media inquiries, users can contact: Email: team@sharpe.ai

Contact

CEO
Rishabh Narang
Sharpe Labs
rishabh@sharpe.ai

The post Sharpe AI Announces $SAI Token Listing on Gate.io appeared first on Blockonomi.

Venom Foundation is proud to announce a historic agreement with the government of the Republic of the Philippines to digitize billions of accountable forms using its advanced blockchain technology. 

Key Highlights

Landmark Opportunity and Global Significance

This initiative represents a pivotal milestone for Venom and the broader crypto industry. In what could end up as the world’s largest blockchain use case, this project underscores Venom’s leadership and innovation in the blockchain space. By betting on Venom, the Philippine government demonstrates unprecedented trust and confidence in blockchain as a secure, scalable, and efficient solution for national-level operations. This move is poised to revolutionize the way governments and large institutions handle data, transactions, and record-keeping, setting a new standard for transparency and efficiency. This breakthrough project not only elevates Venom’s standing but also sets the stage for other governments and sovereign nations to adopt the same kind of forward-thinking. 

Project Scope and Impact

The Philippines is making a significant leap forward by launching an ambitious project to use Venom technology to digitize approximately ten billion accountable forms such as but not limited to invoices or receipts, cash tickets, documentary stamps, and special bank receipts, individually identified, accounted for, and afforded appropriate security. This initiative marks a new phase in the country’s digitalization journey and promises to revolutionize financial operations. The project is expected to significantly enhance transparency, reduce costs, and improve the efficiency and security of financial transactions across the nation. With a population of approximately 115 million, the impact of this digitization effort will be far-reaching, touching every aspect of daily life and commerce in the Philippines.

Strategic Selection

Initially, the Philippines considered utilizing IBM’s Hyperledger technology to implement its digitization plan. However, the country eventually decided to move forward with the Venom blockchain instead due to its unparalleled scalability, high throughput, security & low transaction costs, making it the best choice for government and corporate needs. With efforts underway in the Philippines to reform financial operations, Venom brings key qualities to the table that will help usher in a new era of efficiency and transparency in the country, while also helping to curb inflation. More than just a technological solution, Venom represents an institutional foundation capable of growing and adapting to the needs of a massive project that will only grow in scope over time.

Economic Impact

If fully leveraged, digital transformation using Venom blockchain in the Philippines can unlock up to $101.3 billion USD (PHP 5 trillion) in annual economic value by 2030, equivalent to about 27 percent of the country’s GDP in 2020, according to a report by AlphaBeta in October 2021 on The Growing Digital Economy in the Philippines. This could represent billions of dollars in additional revenue to boost the economy, which will contribute to improving citizens’ quality of life and infrastructure development.

Government Endorsement

The Philippines’ NPO (National Printing Office), responsible for printing ten billion accountable forms annually, is leading the digitization initiative with Venom. President Ferdinand “Bongbong” Marcos Jr. (PBBM) has made digitization a priority for the country, identifying it as a means of improving essential services for Filipinos and helping curb corruption. According to PBBM, digitizing government records and services would enhance the country’s planning and decision-making processes, as well as streamline business transactions. By selecting Venom, the NPO and the Philippine government as a whole are demonstrating readiness to keep pace with the times, ready to adopt advanced technologies to achieve better outcomes in governance and citizen services.

Technological Superiority:

The adoption of Venom marks a new and exciting stage in the network’s growth. The billions of additional transactions will add significant value to the network, attract new users, and provide a blueprint for other large-scale entities on utilizing Venom for maximum efficiency. Furthermore, the dramatic increase in network transactions will make being a validator on Venom even more lucrative, bolstering the network’s health.

Leadership Perspective

Christopher Louis Tsu, CEO of Venom Foundation, highlighted the monumental significance of this agreement: “Venom’s selection by the Republic of the Philippines for this groundbreaking initiative is a testament to our platform’s capabilities and the trust placed in our technology. By digitizing checks using Venom blockchain, we are not only reducing printing and processing costs but also significantly enhancing transparency and efficiency in financial operations. This project demonstrates the massive utilization of the Venom blockchain in the form of hundreds of millions of Venom tokens annually. It also showcases Venom Foundation’s commitment to delivering scalable, secure, and innovative solutions for national-level applications. We are honored to play a pivotal role in the Philippines’ digital transformation journey and look forward to setting a new standard for institutional blockchain adoption worldwide.”

About the Republic of The Philippines NPO

The Philippines’ National Printing Office (NPO) is responsible for printing accountable forms and documents essential to government operations. The NPO’s digitization initiative, supported by Venom’s blockchain technology, aims to enhance the efficiency and security of government services.

For further details, please refer to the official release from the government of the Philippines: Venom Blockchain Boosts Digitization in the Philippines.

About Venom Foundation

Venom is a cutting-edge layer-0 and layer-1 network, seamlessly integrating with other independent networks through innovative Mesh technology. Anchored by a masterchain for overall state and consensus management, Venom supports unlimited autonomous workchains for user accounts, smart contracts, and dApps. Mesh technology optimizes inter-chain communication, ensuring speed and scalability. With rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is ideal for hosting CBDCs and large-scale platforms.

For more information, users can visit Venom Foundation

Contact

Venom Foundation
media@venom.network

The post The Philippines Chooses Venom for Groundbreaking National Blockchain Initiative appeared first on Blockonomi.

Venom Foundation is thrilled to announce that $VENOM is now listed on Coins.ph, the leading crypto platform in the Philippines with over 18 million users. This strategic move represents the next significant step in Venom’s global expansion efforts, particularly into the dynamic Southeast Asian market.

Key Highlights

Expanding Reach in Southeast Asia: Coins.ph provides a robust platform for $VENOM, offering increased accessibility to a vast and engaged user base. With over 18 million users, Coins.ph is instrumental in the adoption and exposure of crypto in the region, making it an ideal partner for Venom’s continued expansion.

Enhanced Liquidity and Market Presence: Listing $VENOM on Coins.ph will enhance the liquidity and market presence of the token. Filipino users will now have the opportunity to trade $VENOM easily, benefiting from the seamless and user-friendly experience that Coins.ph is known for. This listing not only broadens $VENOM’s availability but also reinforces Venom’s commitment to making blockchain technology accessible to everyone.

Increasing Accessibility in the Philippine Market: As the largest crypto exchange licensed by the central bank in the Philippines, Coins.ph plays a crucial role in the local blockchain ecosystem. Listing $VENOM on Coins.ph enhances the accessibility of our token, allowing more users to easily trade and interact with the project. 

Strategic Alignment with Global Expansion: This listing aligns with Venom’s strategic goal of global expansion, particularly into Southeast Asia. By partnering with established and reputable exchanges like Coins.ph, Venom is poised to extend its reach and influence across key markets worldwide. The Philippines, with its dynamic and rapidly growing crypto community, represents a critical market for Venom’s international growth strategy.

Leadership Perspective

Jen Bilango, Country Manager – Philippines at Coins.ph, expressed enthusiasm for the partnership: “At Coins.ph, we are excited to announce the listing of the VENOM token on our platform. This aligns with our mission to drive financial inclusion and empower our 18 million users with innovative blockchain technology. We look forward to helping VENOM grow its presence in the Philippines and supporting its integration into global financial structures.”

Christopher Louis Tsu, CEO of Venom Foundation, commented on the new listing: “Listing $VENOM on Coins.ph is a strategic step in our global expansion strategy into Southeast Asia. Coins.ph’s extensive user base and reputation in the Philippines make it an excellent partner for Venom. This listing not only enhances the accessibility of $VENOM but also strengthens our presence in the vibrant Southeast Asian crypto market. We are excited to bring Venom to a wider audience and look forward to furthering our mission of global blockchain adoption.”

About Coins.ph

Launched in 2014, Coins.ph is the most established crypto brand in The Philippines and has gained the trust of more than 16 million users. Through the easy-to-use mobile app, users can buy and sell a variety of different cryptocurrencies and access a wide range of financial services.

Coins.ph is fully regulated by the Bangko Sentral ng Pilipinas (BSP) and is the first ever crypto-based company in Asia to hold both Virtual Currency and Electronic Money Issuer licenses from a central bank.

To learn more, uses can visit https://coins.ph

About Venom Foundation

Venom is a cutting-edge layer-0 and layer-1 network, seamlessly integrating with other independent networks through innovative Mesh technology. Anchored by a masterchain for overall state and consensus management, Venom supports unlimited autonomous workchains for user accounts, smart contracts, and dApps. Mesh technology optimizes inter-chain communication, ensuring speed and scalability. With rapid finality, comprehensive security, stability, and user-friendly interfaces, Venom is ideal for hosting CBDCs and large-scale platforms.

For more information, users can visit https://venom.foundation

Contact

Venom Foundation
media@venom.network

The post Venom Continues Global Expansion with Listing on Coins.ph appeared first on Blockonomi.

DSCVR, the largest web3 social media and community-building platform, announces the launch of Canvas, a groundbreaking framework that enables developers to effortlessly build and integrate custom applications directly into DSCVR’s social feeds. With just a few tweaks any web application can be made into a Canvas application. Combined with DSCVR’s API, Canvas provides an easy-to-build framework to launch and distribute embedded apps on the DSCVR platform.

Canvas apps can have rich interfaces previously unseen in Web3 social that extend beyond the existing frame standards of buttons and textboxes to support games, interactive media, and more. Developers can find viral distribution for Canvases in feed, making them instantly accessible to the community and scaling them across hundreds of thousands of users. With Canvas, building, launching, and managing embedded apps has never been easier or more innovative, offering end users dynamic and rewarding experiences.

A New Era of Web3 Embedded App Development

DSCVR Canvas introduces a framework that makes app creation accessible to a breadth of developers, from seasoned engineers to students just learning Javascript. The platform offers a user-friendly interface that simplifies the development process, allowing anyone to build dynamic, interactive applications without advanced technical skills. Canvas is also built to support existing Frames and Solana Blinks so developers in these ecosystems can easily share their apps on DSCVR.

“We’re excited to introduce Canvas to our developer community,” said Rick Porter, CEO of DSCVR. “Our goal is to empower developers with the framework they need to create and scale apps within the DSCVR ecosystem for the benefit of our users. Canvas is a significant step towards realizing that vision.”

Key Features of DSCVR Canvas:

• Transactions: Canvas applications can interact directly with user wallets which are already paired with DSCVR accounts, creating new utility for NFTs and fungible tokens
• Seamless Integration: Apps built on Canvas integrate effortlessly with the DSCVR platform, leveraging robust APIs and the speed of the platform for smooth performance.
• Enhanced Performance: Designed for scalability, Canvas supports everything from simple ways to earn crypto, tipping, to games and other complex applications.
• Rich Media Support: Users can incorporate images, videos, and interactive elements to create engaging and immersive apps.

Driving Innovation in Web3 Social Media

With more canvases being built on DSCVR, users will enjoy a wide range of fun and engaging experiences directly within their social feed. From interactive games and trading platforms to token minting, DSCVR Canvas Embedded Apps will enrich the user experience, making social interactions more dynamic and rewarding. These apps will allow users to easily monetize their activities, participate in immersive gaming and trade digital assets, transforming the way they interact on the platform. At the same time, this is an opportunity for developers to gain distribution for their applications to an audience of hundreds of thousands of users.

Launch Event and Community Engagement

To celebrate the launch, DSCVR will be organizing a global hackathon on August 5th hosted by Dorahacks to encourage experimentation and creativity among its developer community. Sponsors include Metaplex, Matrica, Helius, Spiderswap and Tweed. Notable judges include Austen Federa, Jon Wong, and Pedro Miranda from the Solana Foundation as well as Josh Finer from Solana Ventures. 

“We’re committed to supporting our developer community and providing them with the support and tools they need to succeed,” added Rick Porter. “DSCVR Canvas is a testament to our dedication to innovation in the Web3 social ecosystem.” 

About DSCVR

With over 500k monthly unique visitors, DSCVR (pronounced “Discover”) is a Web3 social network combining the usability of a Web2-style social app with crypto technology that unlocks ownership, monetization and distribution for users, creators, and projects. Through its native crypto functionality, DSCVR rewards users and supercharges community-building, while its API allows developers and partners to build applications that target through the social graph, distribute through the feed, and monetize in posts. DSCVR’s seed investors include Polychain Capital, Upfront Ventures, BDMI, Shima Capital, Tomahawk VC, and Fyrfly Venture Partners.

Users can follow DSCVR on Twitter (X) for more updates.

Contact

Press Inquiries
Cher Park
DSCVR
press@dscvr.one

The post DSCVR Launches Canvas: A Massive Leap for Web3 Social Embedded Apps appeared first on Blockonomi.

Everreach Labs, the game development studio made up of the industry veterans behind gaming masterpieces including Far Cry 3, Rainbow Six Siege, and Fortnite, is thrilled to announce the release of the official trailer for their highly anticipated title, REVENGE. This groundbreaking co-op PvE extraction shooter – powered by Unreal Engine 5 – has already drawn significant interest across the gaming community, with over 60,000 players during last year’s prototype testing period.

REVENGE introduces a revolutionary gameplay experience that seamlessly integrates Twitch spectators into the core game loop. Players will now have the opportunity to engage with their audience in an unprecedented manner, allowing viewers to actively participate in the game by modifying the environment, providing aid through items and upgrades, and triggering spontaneous events during each match. This innovative feature is set to redefine the boundaries of interactive entertainment, offering a truly immersive and dynamic experience for both players and spectators alike.

“We are incredibly excited to finally unveil the official trailer for REVENGE,” said Jason Fung, Chief Marketing Officer of Everreach Labs,. “Our team has poured their heart and soul into this project, and we believe that the unique spectator-player interactions will expand and evolve the way gamers and viewers play together. REVENGE is not just a game; it’s an experience that will bring communities together in a way that has never been seen before.”

The official trailer has been released here on REVENGE’s Twitter account. Everreach Labs is working with renowned marketing agency Loaded.gg (Helldivers 2, Apex Legends, Blocklords, etc.) to bring REVENGE to market, starting with the pre-alpha version slated for release in early Q4 2024.

About Everreach Labs

Everreach Labs is led by industry veterans from acclaimed titles such as Far Cry 3, Rainbow Six Siege, Fortnite, and many more. We revolutionize interactive play by integrating user-generated content, immerse gaming, and vibrant community engagement into a unified ecosystem. Everreach Labs aims to bridge the gap between players and spectators with innovative ways to interact and share games. Our goal is to craft high-quality, captivating games using cutting-edge technology like Unreal Engine 5 and blockchain technology. We are committed to launching fun, viral games that empower both creators and spectators, allowing for an inclusive and immersive gaming experience.

Users can watch the REVENGE official trailer and follow the latest updates here: https://x.com/_GETREVENGE_

For more information about REVENGE and Everreach Labs, users can visit https://everreachlabs.io

Contact

Chief Marketing Officer
Jason Fung
Everreach Labs
jason@everreachlabs.io

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In a major leap towards simplifying the Web3 experience, Tria introduces ‘Unchained,’ a modular chain-abstraction infrastructure designed to streamline today’s fragmented asset management in Web3 and power a fluent UX on the Injective blockchain.

New ecosystems are emerging rapidly – causing a cluttered landscape of managing multiple wallets, fragmented assets and multiple blockchain-specific tooling. Tria allows users to use any asset on any dapp, across any chain without needing other wallets, bridging, or acquiring gas tokens – all powered by chain abstraction.

Now, Tria is bringing the incredible UX of chain-abstraction to the Injective ecosystem, a leading interoperable L1 blockchain to un-chain Web3 complexities – one step at a time. Injective is the fastest layer 1 blockchain with more than 800M on-chain transactions and an FDV (fully diluted market cap) of $2.5 Billion USD.

Unchained is a modular, Chain-abstraction AVS Layer 2 built on Cosmos SDK with dual-execution EVM compatibility. This innovative construct allows users to access assets and dApps on hundreds of chains with a centralized-exchange-like, real-time Web3 experience.

What Tria is bringing to Injective:

• Effortless Onboarding: No need to set up a new wallet for Injective. Login with SSO, or connect any previously unsupported wallets like MetaMask, or Phantom.
• Unified Assets: View and use any asset from any EVM or non-EVM blockchains using a unified interface.
• Seamless Trading & Staking: Eliminate complex bridging and trade or stake using any asset.
• No Gas Token : Pay Injective gas with any token from any chain with gas abstraction.

“This integration will revolutionize the user experience by allowing seamless interaction with any asset on any dApp across any chain,” said Eric Chen, CEO and co-founder of Injective Labs. “Users will no longer be encumbered by the complexities of switching wallets, bridging, or acquiring gas tokens, as all of this is seamlessly managed within Tria’s ‘Unchained’ infrastructure.”

In the coming months, chain abstraction will be rolled out within the Injective ecosystem, which is designed for building premier UX-first Web3 applications. From day one, this movement has seen profound involvement from leading dApps in the Injective ecosystem, including Helix, DojoSwap, Hydro Protocol, Neptune Finance, Injera, SA World, Kakeru, and Sushi Fighter. These integrations empower users to seamlessly access Injective’s variety of dApps with any asset from any chain. This paves the way for a truly unified DeFi experience. It eliminates the complexity of creating a Cosmos wallet, bridging assets to Injective, and obtaining gas tokens. Overall, this collaboration is poised to drive a major paradigm shift in the DeFi world.

“We are witnessing an industry-wide shift, with large ecosystems recognising the need for app layer chain abstraction wherein users can use any asset on any chain minus the complexities of multiple wallets, bridges and gas tokens – said Vijit Katta, Co-founder of Tria. Chain abstraction is no longer a choice—it is a necessity and we are thrilled to bring it to reality with Injective.”

About Tria

Tria is at the forefront of chain-abstraction innovation, empowering users and developers to access the entire Web3 without the friction of today’s user-experience. Built in stealth, by crypto degens and funded by OGs, Tria is thrilled to unveil the next monumental step in redefining the finance UX on Injective. 

Users can follow Tria and Injective on Twitter to stay up to date on what chain abstraction is set to enable for the ecosystem and the broader Web3 landscape. 

Users can follow Tria’s Twitter

Contact

Co-Founder
Vijit Katta
Tria
vijit@tria.so

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Tequila Token ($TEQ) is set to launch on the Solana blockchain, introducing a new community-focused experience inspired by the culture and spirit of tequila. Tequila Token aims to provide an engaging and rewarding environment for its participants.

Key Features of Tequila Token

• Influencer Collaborations: Tequila Token has established partnerships with global influencers to promote the $TEQ community. Followers can expect to see their favorite social media personalities sharing their $TEQ experiences.
• Exciting Giveaways: The project will feature various giveaways, including exclusive Tequila Club memberships and Tequila Partybags, designed to engage and reward the community.
• Tequila Club: Membership in the Tequila Club offers exclusive benefits, including special rewards and engagement opportunities within the Tequila Token community.
• Partnerships with Salitos: Tequila Token is proud to announce its partnership with the renowned German tequila brand Salitos, with more exciting collaborations.
• Community Rewards: Participants can earn rewards by engaging in events and activities within the community, promoting a collaborative and rewarding atmosphere.

How to Participate

The Tequila Token launch is scheduled for July 30, 2024, at 17:00 UTC. Interested parties can follow Tequila Token on Instagram and join the official Telegram channel for the latest updates and information.

Launch Announcement

Tequila Token is set to make its debut on July 30, 2024, at 17:00 UTC. With a focus on community engagement, strategic partnerships, and rewarding experiences, Tequila Token aims to stand out in the crypto space this summer.

For more information, follow Tequila Token on social media and join the community to stay informed about upcoming events and opportunities.

About Tequila Token

Tequila Token ($TEQ) is a cryptocurrency launched on the Solana blockchain, inspired by the cultural heritage of tequila. The project focuses on creating an engaging and rewarding community experience through strategic partnerships, giveaways, and community activities.

Contact

Señor Shots
tequilameme0@gmail.com

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