What separates Aave from traditional lending and borrowing is that all aspects of Aaves operations are dictated by code. In its most basic application, Aave offers a first principles approach to increasing the productivity of digital assets. Aave connects users seeking a source of passive income or yield from their digital asset holdings with those seeking accessible and affordable liquidity.

Smart contracts govern the platforms operations, including making funds readily available to borrow, determining interest rates, and maintaining and liquidating collateral when necessary. By removing intermediaries from the process, lending and borrowing can become highly cost-effective, credit risk-minimized, and globally accessible.

Aave dates to 2017, when it was called ETHLend and when DeFi was largely conceptual. Developed by Stani Kulechov and his team, ETHLend introduced basic rules-based lending and borrowing systems governed by smart contracts. The protocol connected users on the Ethereum network and allowed them to issue and take loans of ETH against one another. Its native asset, LEND, raised $16.2 million in an initial coin offering (ICO).1

ETHLend transitioned to Aave in January 2020, and users were able to swap LEND for the AAVE token on a 100:1 basis. The first version of the Aave protocol changed how users lend and borrow in DeFi, shifting from direct loans between lenders and borrowers to a pool-based strategy.2 Aaves pools are smart contracts containing loaned assets which borrowers can draw from by putting up collateral and paying interest.

Lending in Aave is as simple as depositing one of the 30+ supported assets into a liquidity pool. In exchange, depositors receive aTokens which represent a pro-rata share of the pools deposited liquidity and which serve as a receipt for lenders claims to their principal and any accrued interest. For example, a lender depositing ETH to a pool will receive aETH in return.3 aTokens increase in value proportionately to the interest accrued by the pool. To redeem loaned assets and the accrued interest from the pool, lenders burn their aTokens and receive the corresponding amount of value in return. The process can be thought of in a similar manner to cashing a check at the bank. A check represents a claim to some amount of value. When a check is cashed, funds are transferred and the check no longer represents a valid claim.

Users can borrow funds from liquidity pools in exchange for an interest rate when they deposit collateral. The amount of collateral required is pool-dependent, but it must always exceed the value of the assets borrowed. Only specific low-risk digital assets such as stablecoins, BTC, and ETH are accepted as collateral. Aave offers maximum flexibility for loan repayment, allowing users to fully or partially repay loans at any time.

In traditional lending and borrowing, an inherent risk is that borrowers may not be able to pay back their loans, leading to bad debt. While credit risk still exists in Aave, bad debt is managed by the platforms proprietary algorithm which liquidates collateral at pre-defined debt-to-collateral ratios.4

Interest rates are specific to each liquidity pool and are dependent on the amount of funds available at a given time. The algorithm governing interest rates sets low rates when a pools liquidity reserves are plentiful in order to encourage borrowing activity. Conversely, interest rates are raised when a pools reserves fall.

Lenders accrue the majority of the interest paid by borrowers. The remaining interest earned is used to secure the protocol. In 2022, lenders accrued $169m in fees or 89% of the total interest, while users securing the protocol received $21m, the remaining 11%.5

Flash Loans: Borrowing Without Pledging Collateral

Flash loans allow any user to access large uncollateralized loans, but the borrowed assets must be returned plus a fee within a single transaction. The fee is 0.09% of the flash loan volume, which is a source of revenue for the Aave protocol.6

To execute a flash loan, a user requests the Aave protocol to transfer assets from a pool, or from multiple pools to a smart contract. The smart contract is usually purpose-built to carry out a specific task, such as a pure arbitrage strategy. After the specific transaction is executed, the smart contract returns the principal to the pool.

Once received, Aave audits the deposit to ensure the principal and loan fee have been repaid in full. Because this process happens within a single transaction, Aave is able to reverse the entirety of the transaction before any data is settled on the blockchain should any shortfall materialize.

Flash loans are complex and require technical knowledge and programming proficiency. However, they are a unique and powerful tool that level the financial playing field by enabling skilled users to profit from opportunities that are typically reserved for large financial institutions.

The AAVE token is a critical component of the protocols built-in insurance mechanism called the Safety Module (SM).7 The SM is a smart contract containing AAVE tokens that are staked by users in exchange for AAVE-denominated rewards. This reserve of tokens is used primarily as a liquidity backstop for loan pools in the rare occurrence of bad debt. While Aaves liquidation algorithm is highly effective at reducing bad debt, such scenarios may arise from thin liquidity for a particular token used as collateral, for example. Thin liquidity can lead to significant price slippage during the auto-liquidation process and can result in fewer funds returned to the pool than borrowed. In these scenarios, the SM can sell a portion of the AAVE tokens held in its smart contract on the open market in order to make the pool whole.

Users are incentivized to stake AAVE in the Safety Module. The rewards, called Safety Incentives, consist of AAVE tokens as well as the portion of accrued yield and fees not distributed to lenders. The clever design of the SM creates a positive feedback loop:

Aaves on-chain governance system allows token holders and stakers to participate in the platforms decision-making. Governance voting occurs at both the protocol and pool level, as every pool has independent parameters. AAVE holders can vote on:

Aaves focus on security, transparency, and ease of use has helped it attract a large and growing user base. The protocols upgrades demonstrate a commitment to continuous improvement and innovation. In January 2023, Aave governance unanimously approved the V3 version of the protocol to go live on Ethereum. V3 unlocks new technical features and benefits including capital efficiency, collateral options, and gas optimization improvements.8

In July 2022, Aave users also approved a proposal to launch GHO, a U.S. dollar-pegged stablecoin. Users will be able to mint the stablecoin by depositing an excess amount of accepted cryptocurrencies into a smart contract in a process similar to an overcollateralized loan. With GHOs potential to attract more liquidity providers to the protocol, the AAVE token could benefit from increased adoption and protocol fees.

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To encourage ecosystem growth, developers will have access to a permissionless solution that will allow them to build their own Layer 3 blockchains in the Arbitrum ecosystem

NEW YORK, March 16, 2023 /PRNewswire/ --The Arbitrum Foundation, announced today the launch of Arbitrum Orbit, a permissionless solution for any developer to build a Layer 3 (L3) blockchain using Arbitrum technology. Arbitrum Orbit will give developers access to the full suite of Arbitrum's market-leading technology and allow them to customize it to their needs.

Arbitrum Foundation (PRNewsfoto/Arbitrum Foundation)

Arbitrum is the leading Ethereum scaling technology and the only EVM scaling solution that has fully working proofs, a critical piece of technology that allows the Arbitrum chains to derive their security from Ethereum. With the announcement of Arbitrum Orbit, developers can now easily launch their own permissionless Layer 3 blockchain leveraging Arbitrum's best-in-class technology and Ethereum's security.

Arbitrum Orbit is designed to strengthen and grow the Arbitrum ecosystem by providing a clear and simple path for not only developing new Arbitrum applications but also launching new Arbitrum chains. Developers building L3s on top of an existing Arbitrum chain are granted a free and perpetual license that also allows them to customize and modify the Arbitrum source code as they see fit. The Arbitrum DAO will have the ability to grant even more permissive licenses ensuring that the community is in full control over the future of Arbitrum and its technology.

Besides attracting new developers into the Arbitrum ecosystem, this initiative also pushes for innovation within the community, encouraging a wider variety of chains to be built with technology that's proven to have the security level of Ethereum. Arbitrum Orbit L3 chains will support the upcoming release of Arbitrum Stylus, which will allow developers to use the C, C++, and Rust programming languages for their chains, in addition to Solidity and other EVM languages.

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Steven Goldfeder, CEO and co-founder of Offchain Labs, commented on today's news: "The launch of Arbitrum Orbit marks another step in the goal of growth through ecosystem expansion by way of onboarding new developers. Arbitrum is already the technology stack of choice for Ethereum smart contract developers, but with today's announcement, developers now have another tool allowing them to not only build their own smart contracts, but to also launch their own L3 chains leveraging the best technology available. I'm excited to see the next wave of innovation that Arbitrum Orbit will enable."

Arbitrum is the leading Layer 2 (L2) scaling solution for Ethereum, and the Arbitrum One and Arbiturm Nova blockchains boast the highest Total Value Locked (TVL) across all L2 networks with approximately $3.61B, 55% market share across all rollups, and the Arbitrum One network recently surpassed Ethereum daily transactions on two occasions.

About The Arbitrum FoundationThe Arbitrum Foundation has a mission to help support and grow the Arbitrum network and its community while remaining at the forefront of blockchain adoption. The Foundation oversees the $ARB token and governance structure as well as the Arbitrum Security Council, a 12-member multisig of well regarded community members designed to ensure the security of the chains.

Media contact: Dillon Arace, arbitrumpr@mgroupsc.com

Cision

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The Arbitrum Foundation Announces Launch of Arbitrum Orbit: Layer 3 Chains for All - Yahoo Finance

Seoul, South Korea, 15th March, 2023, Chainwire

Wemade Co., Ltd (KOSDAQ:112040), one of the largest publicly-listed gaming companies in South Korea with a market capitalization of US$1.4 billion, has announced a strategic partnership with Space and Time (SxT), a leader in decentralized data warehousing. The partnership will allow Wemade to power its blockchain and gaming services with Space and Times decentralized suite of developer tools.

Today, Wemade services more than 20 different play-to-earn (P2E) games across all genres, including MIR M and the worlds no. 1 blockchain game MIR4, on its global open blockchain gaming platform WEMIX PLAY. This is part of the mega-ecosystem that its blockchain developer subsidiary, WEMIX is building which encompasses its own mainnet, WEMIX 3.0; an extensive range of services like NFTs and DeFi; and WEMIX coin the bridge that connects all of the components of the mega-ecosystem. WEMIX has also announced plans to launch an Ethereum layer-2 utilizing zero knowledge proof (ZKP) protocols that will improve scalability while still ensuring users privacy and security. Space and Time and Wemade are planning to closely collaborate in the future with next-generation decentralized infrastructure for more robust and scalable GameFi development.

We believe that blockchain is the future of gaming, offering gamers greater ownership and control over their digital assets, said WEMIX CEO Shane Kim. As the blockchain transformation of traditional games continues to grow, the partnership with Space and Time will help strengthen our blockchain infrastructure capabilities and contribute to our commitment to building an inter-game economy.

Space and Time packages a full suite of developer tools in a single decentralized deployment. The platform provides developers with real-time, tamperproof indexed blockchain data, a hybrid transactional and analytic (HTAP) data warehouse, and a serverless API gateway for simplified building of fully decentralized applications and faster dApp time-to-market.

Queries run in the Space and Time data warehouse are verifiably tamperproof. Space and Times novel cryptography, Proof of SQL, allows smart contracts to run tamperproof queries directly, opening up a wealth of powerful use cases built on blockchain technology and a fully decentralized stack.

Game developers building on Space and Time can join real-time blockchain data with off-chain game-generated data in a single query and connect the results back to smart contracts on-chain. Space and Time will enable Wemade to facilitate more complex earning schemes for its P2E games, run tamperproof analytics against game activity, and reduce on-chain storage costs by connecting a scalable decentralized data warehouse to the blockchain-based platform.

Were thrilled to partner with one of the biggest and most respected gaming companies in the world, said Nate Holiday, CEO and Co-Founder of Space and Time. Space and Time is committed to advancing the blockchain gaming industry with essential next-generation infrastructure and developer tools. This partnership is a huge step forward for the Web3 gaming industry. Together, Wemade and Space and Time are building a new blockchain gaming ecosystem to onboard the next wave of game developers.

Wemade is known for its blockbuster title The Legend of Mir 2, which is one of the most successful RPG titles in the history of Chinese gaming. Within years of its 2002 launch in China, The Legend of Mir 2 dominated the Chinese gaming market with a 64% market share.

In addition to its Web3 GameFi initiatives, the Wemade platform also supports DEXs, NFT marketplaces, and more on its L1 mainnet. Wemade remains committed to actively expanding its blockchain ecosystem beyond GameFi. By partnering with Space and Time, Wemade will provide more secure and decentralized services to developers building GameFi, DeFi, and other Web3 applications.

Wemade is a pioneering game developer from Korea, with a focus that shifts towards metaverse and blockchain (NFT, DeFi) technology, emphasizing personalized gaming experiences. Wemade strives to transform everyday games with blockchain technology and establish its WEMIX coin as a key currency in the gaming industry. Wemade aims to become a mega-ecosystem by launching its own mainnet, WEMIX 3.0, introducing its own currency, $WEMIX, and offering a wide range of services and platforms that embrace DeFi and NFT, etc.

For more information, visit: https://www.wemade.com/

For media inquiries, please contact: Kevin Foo, Head of PR, [emailprotected]

WEMIX Pte. Ltd aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Headquartered in Singapore, WEMIX is a subsidiary of Wemade, the developer and owner of The Legend of Mir IP, a highly successful game series with over 500 million users.

Space and Time is the first Web3-native decentralized data warehouse that joins tamperproof on-chain and off-chain data to deliver enterprise use cases to smart contracts. Space and Time has developed a novel cryptography called Proof of SQL that allows developers to connect analytics directly to smart contracts, opening up a wealth of powerful new use cases and business logic on blockchain technology. Space and Time is built from the ground up as a multichain data platform for Web3 developers in financial services, gaming, DeFi, or any project requiring next-gen analytics.

For more information, visit: Website | Twitter | Discord | Telegram | LinkedIn | YouTube

For media inquiries, please contact: Spencer Reeves, [emailprotected]

Kevin Foo[emailprotected]

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Wemade announces Partnership with Space and Time to Power ... - The Defiant - DeFi News

A Fad or the Future: The end game of cryptocurrencies hinges on various factors, including adoption, regulation, and technological advancements.

The rise of cryptocurrencies has led to various debates on their longevity and sustainability, with many people wondering where they will end up. However, the use of cryptocurrencies has not been without controversy.

Unlike traditional currencies that are regulated by central banks, cryptocurrencies operate on a decentralized network, making them difficult to regulate. This lack of regulation has led to cases of fraud and hacking, resulting in the loss of millions of dollars.

Despite the concerns surrounding cryptocurrencies, they continue to gain popularity, with some people predicting that they will eventually replace traditional currencies. However, this prediction is not without opposition, with some experts arguing that cryptocurrencies are just a fad and will eventually lose their value.

So, where does it end for cryptocurrencies? The truth is, nobody knows for sure. The future of cryptocurrencies will depend on various factors, including their adoption, regulation, and technological advancements.

As more businesses and individuals adopt cryptocurrencies, we are likely to see increased regulation to prevent fraud and protect investors. We may also see the emergence of new cryptocurrencies with improved features and enhanced security measures.

The concept behind cryptocurrency is to create a decentralized system that enables users to transact on xbt360ai without the need for intermediaries. As a result, the adoption of cryptocurrency has surged, and many people are now curious about what stems from crypto technology.

The impact of cryptocurrency technology has been far-reaching, and it has spawned a wide range of applications. Here are some of the things that stem from crypto technology.

NFTs are built on the blockchain, and they enable users to own digital assets that are verified and authenticated. NFTs have gained popularity in recent years, and they have been used to sell digital art, music, and other forms of digital content.

Smart contracts are programmable, and they enable users to automate the execution of contracts without the need for intermediaries. Smart contracts are transparent and secure, and they ensure that all parties involved in a transaction comply with the terms of the contract. They have the potential to revolutionize the legal industry by automating contract execution and reducing the need for lawyers.

Crypto mining involves using computational power to solve complex mathematical problems, and in return, miners are rewarded with new cryptocurrency coins. Crypto mining has become a lucrative business, and many people are now investing in mining equipment to earn cryptocurrency coins.

From DeFi to NFTs, smart contracts, and crypto mining, the impact of cryptocurrency technology is undeniable. As the adoption of cryptocurrency continues to grow, we can expect to see more innovative applications of the technology in the future.

There are still some people who question the stability and sustainability of this digital currency, and whether there is a possibility of a downfall.

The volatility of cryptocurrency has decreased over time, and it is expected to stabilize as the market matures. However, we have seen in the past that several cryptocurrencies have been prey to vitality. Despite that, users are willing to invest in it as they see a profitable future in it.

The regulatory landscape surrounding cryptocurrency is still evolving, and this creates uncertainty for investors and businesses. This regulatory uncertainty can affect the growth and adoption of cryptocurrency, but it is also an opportunity for governments to create a clear and supportive regulatory framework.

There have been cases of hacking and theft of cryptocurrency, which have led to losses for investors. These security risks can erode the trust in cryptocurrency, but there are efforts to improve the security of the blockchain.

The adoption of cryptocurrency is still in its early stages, and this creates a challenge for its growth and sustainability. While there has been significant adoption in some countries, others are still sceptical about its use. The adoption of cryptocurrency is dependent on various factors such as infrastructure, education, and awareness. As these factors improve, the adoption of cryptocurrency is expected to increase.

Overall, while there are challenges to the growth and sustainability of cryptocurrency, the chances of its downfall are not high. The volatility of cryptocurrency is decreasing, regulatory frameworks are improving, security is being enhanced, and adoption is increasing.

The cryptocurrency market is known for its turbulence, and prices can rise or fall rapidly based on various factors such as market demand, regulation, investor sentiment, and global events. However, predicting the exact timing and extent of a cryptocurrency's downfall is difficult, and many experts have varying opinions on the future of cryptocurrencies.

One unique fact about the crypto downfall is that the decentralized nature of cryptocurrencies makes it challenging for governments and regulators to intervene and stabilize the market during a crash, unlike traditional financial systems where authorities can implement measures. This includes interest rate adjustments and monetary policy to influence the economy.

Moreover, the anonymity of cryptocurrency transactions makes it challenging for law enforcement agencies to investigate fraudulent activities, which may exacerbate the downfall.

In conclusion, the ending point of cryptocurrencies remains uncertain. However, their impact on the financial sector cannot be ignored. While there are concerns surrounding their volatility and lack of regulation, cryptocurrencies continue to gain popularity and acceptance, and their future remains promising. As the world continues to evolve, so will cryptocurrencies, and it will be interesting to see where they end up.

Despite the concerns of traditional currencies, cryptocurrencies continue to gain popularity, with some predicting they will eventually replace traditional currencies. The future of cryptocurrencies will depend on their adoption, regulation, and technological advancements, as well as the emergence of new cryptocurrencies with improved features and enhanced security measures.

The adoption of cryptocurrency is still in its early stages, and this creates a challenge for its growth and sustainability. The cryptocurrency market is known for its turbulence and prices can rise or fall rapidly due to market demand, regulation, investor sentiment, and global events.

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The Ending Point Of Crypto: Where Does It End? - BSC NEWS

ZUG, Switzerland , March 15, 2023 /PRNewswire/ - GAIMIN ( http://www.gaimin.io ), the world's leader in delivering decentralised, distributed data processing power, today announces the release of its GAIMCRAFT API to convert Web2 applications to Web3.

Through GAIMCRAFT API technology a game developer is now able to convert their existing Web2 game into a Web3 game, integrating blockchain technology, including NFT assets into their game, and creating a crypto -based in-game economy.

The growth of blockchain technology and the benefits it provides to both application developers and gamers has identified a need for developers to integrate the technology into their applications. In a typical Web2 game, a player builds up an in-game asset repository, which is typically purchased through the game. When the player stops playing the game, the asset repository remains within the game and is lost, along with all the investment. With blockchain based NFT assets, the inventory is held outside the game, with the gamer retaining ownership of the asset. If the gamer starts playing a different game, they can re-use their NFT in the new game and therefore retain their investment. In addition, in-game NFT assets can also be transacted through a marketplace. Utilising smart contract technology, NFTs can be sold, purchased and even rented with transactions never disputed and validated through the blockchain. NFT rentals managed by a smart contract ensure return of the NFT at the end of the rental period, generating a financial return for the original owner and management of the ownership of the asset.

The GAIMCRAFT API enables a developer to convert a Web2 game to Web3 and take advantage of blockchain technology including smart contracts, NFTs and crypto wallets. With GAIMCRAFT API, the developer creates a unique product key and manages smart contracts containing NFTs within their application via this key. Users register with the application and can link crypto wallets to the game, allowing the developer to use blockchain-based assets, such as NFTs, managing and controlling NFT utility from within the game. The API also aligns with GAIMIN's GMRX cryptocurrency and delivers marketplace functionality to the developer, providing a ready made environment to deliver an in-game economy based on a real-world crypto currency.

Martin Speight , CEO of GAIMIN ( http://www.Gaimin. gg ) stated, "The release of our blockchain technology through an API is a game changer for games developers. Developers can bring their games to the Web3 gaming market through integration of GAIMIN's API into their applications. Currently supporting the EPIC/Unreal games development engine, we will be releasing SDKs incorporating the API for a number of different platforms over the coming months.

Andrew Faridani , CMO for GAIMIN said, "The release of this free API provides games developers with an easy route to delivering a Web3 game. Launching through GAIMIN provides a ready made, gaming-friendly, user community who already have a funded account ready to spend on their games. The incorporation of NFT technology into games means that in-game assets are transferable to other games and any investment in gaming is not lost when moving from game to game."

Martin added, "Conversion of a Web2 game to a Web3 game using GAIMCRAFT API provides a fast track for a games developer to launch their game on GAIMIN's soon to be launched Web3 games launcher - a repository of Web3 games all supporting blockchain technology. Use of GAIMIN's game launching platform provides a ready made user base for games; a user community motivated to play these games through the GAIMIN app which provides a passive monetization facility resulting in low cost or even free gameplay using their earned GMRX."

The added advantage of the GAIMCRAFT API is its alignment with GMRX, GAIMIN's cryptocurrency . Users of the GAIMIN app receive monetization rewards for passive participation in GAIMIN's distributed data processing network. Earned GMRX can then be used to cover costs associated with gaming, with Web3 games on the GAIMIN games launcher platform utilising GMRX for its in-game economy, the physical cost to gamers for playing a game is very much reduced or even eliminated.

About GAIMIN

GAIMIN.IO Ltd (GAIMIN) is a UK and Swiss based gaming company focused on helping the gaming community monetise the computational power of their gaming PC. GAIMIN has created a decentralised data processing network harnessing under utilised processing power typically found in gaming PC's to create a world-wide decentralised data processing network, delivering supercomputer performance.

With a free to download PC-based application, GAIMIN monetises the under utilised performance through innovative approaches to delivering supercomputer level data processing performance from a world-wide network of independent processing devices which power GAIMIN.CLOUD . Focusing initially on video rendering and AI data processing, with an always available service to power blockchain computations, the GAIMIN data processing network is continuously delivering data processing services and returning rewards back to its user community.

GAIMIN rewards users in its own crypto currency, GMRX which can then be used for purchases on the GAIMIN Marketplace for NFTs, in-game assets, accessories and merchandise, or it can be converted to fiat or a different crypto currency.

For more information on GAIMIN click on this link: http://www.gaimin.io To download the GAIMIN app, please go to http://www.gaimin.gg

For up to date information, please follow the following GAIMIN social media accounts:

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GAIMIN releases GAIMCRAFT API technology to convert Web2 ... - InvestorsObserver

DoraHacks and the AI-powered oracle and ecosystem for blockchains Oraichain have formed a partnership in order to accelerate the adoption of the latters Layer 1 ecosystem for artificial intelligence (AI) and data economy.

In the next weeks and months, the two groups will collaborate on a variety of projects to promote the next generation of AI and blockchain technologies. These projects will include AI-enhanced decentralized applications (dApps), AI Oracles, and essential infrastructure, according to information shared with Finbold on March 16.

DoraHacks is one of the worlds largest and most dynamic multi-chain Web3 developer incentive platforms, with almost $30 million awarded to more than 3,000 ideas developed in the DoraHacks community via grants and hackathon awards.

Upwards of 250,000 people use DoraHacks every month because of the platforms hackathons, bounties, quadratic financing, privacy voting, and other useful community governance/funding toolkits.

Having partnered with DoraHacks, Oraichain is now one of the eighty or so major Web3 ecosystems employing Dora infrastructures to effectively finance their open-source communities and recruit talent.

The primary purpose of this partnership is to promote Oraichains ecosystem, tech stack, and toolkits to a larger audience by using DoraHacks developer community and platform traffic, hence inviting BUIDLers from all over the globe to create AI and blockchain use cases. DoraHacks will give its knowledge to the planning of hackathon events, seminars, and demo sessions, both online and in-person.

DoraHacks will also join Oraichain Mainnet as a validator, actively contributing to network security and assisting forthcoming hackathons.

The Layer 1 of Oraichain, which is IBC-enabled, serves as a full infrastructure for an open data economy by giving data scientists the means to organize data, train, test, and publish models to Oraichains AI Oracle, and then monetize them in a way that is both open and fair to all parties involved.

Finally, by working together, the two groups want to speed up the development of groundbreaking blockchain and AI technologies, such as Oraichains AI-powered dApps and the AI Oracles services, which are interoperable with smart contracts across several networks.

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Oraichain teams up with hacker movement DoraHacks to support ... - Finbold - Finance in Bold

Utrecht, Netherlands --News Direct-- AllianceBlock

AllianceBlock, the company building seamless gateways between TradFi and DeFi through its decentralized and trustless infrastructure, announced today its partnering with ABO Digital, the private digital asset investment arm of Alpha Blue Ocean, to offer tokenized structured products for institutions and crypto projects and institutions seeking alternative forms of financing.

Through its first-of-its-kind partnership with ABO Digital, AllianceBlock will leverage its decentralized and trustless blockchain infrastructure and the Nexera Protocol to tokenize traditional financial instruments and the option to wrap them into traditional Actively Managed Certificates (AMCs) for capital providers that do not want to hold digital assets. The partnership is another key milestone for AllianceBlock in its mission to build seamless gateways between Traditional Finance (TradFi) and Decentralized Finance (DeFi).

ABO Digital was created to offer a variety of structured financial products to the digital asset market, including convertible bonds, debt issuance, and warrants/options, providing the capital startups need to grow their customer and revenue base. ABO Digital will also explore providing alternative financial investments to institutions through tokenization.

AllianceBlock and ABO Digitals structured products will provide crypto projects with an alternative to traditional funding options, such as issuing tokens to market makers or venture capitalists via a Simple Agreement for Future Tokens (SAFT), helping them to access additional liquidity from institutional capital providers with full compliance.

Under the partnership, ABO Digital will help negotiate and structure financial instruments based on the projects capital and liquidity requirements. AllianceBlock, together with Nexera Protocols infrastructure and NexeraIDs identity management toolkit, will tokenize and transform these into AMCs with full compliance. Participants capital will be locked into smart contracts, with those funds disbursed to projects only once the minimum funding threshold has been raised. In return, capital providers will receive a traditional AMC, with AllianceBlock managing the assets by holding the convertible bonds, debt or warrants. ABO Digital will receive a structuring fee based on the amount raised, with AllianceBlock taking the majority of fees for managing the AMC or directly through the tokenized asset.

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Institutional and retail participants will benefit from the ability to provide capital to promising crypto projects using more risk-averse and compliant funding mechanisms, providing them with a different form of ownership than directly owning the projects tokens. In addition, theyll gain access to token capital-raising rounds reserved exclusively for large capital providers and the AllianceBlock community through the Fundrs platform.

ABO Digital and AllianceBlock will further bridge the gap between the crypto community and traditional financial markets by offering large crypto funds, private equity firms and other market participants the ability to provide capital in tokenized forms of traditional financial instruments, including shares, options, bonds, tokenized funds and tokenized AMCs. Tokenization will help these novel instruments to reach new classes of investors across both worlds, therefore increasing market liquidity.

Institutional capital providers are paying close attention to the tokenization of real-world assets and the potential impact they could have on the investment landscape. The trade of many real-world assets is still primitive, with ownership still signified on paper, thereby increasing transaction times and costs. The subdivision of real-world assets is also limited due to this model. With the tokenization of real-world assets, fractional ownership becomes a viable option and trading is streamlined, democratizing access to new markets while making them safer and fair. It is for these reasons that tokenization is set to play a transformative role in asset management for years to come.

Through this strategic partnership, AllianceBlock is set to revolutionize the industry by leveraging its infrastructure to tokenise traditional financial instruments and new instruments for the digital asset space, taking a giant leap forward in providing institutions with a more compliant and risk-averse way to take advantage of DeFi's benefits. This partnership marks a significant milestone for both companies and the industry as a whole, demonstrating our commitment to innovation, compliance, and risk management. The future of finance is looking brighter than ever. Rachid Ajaja, CEO of AllianceBlock

Together, ABO Digital and AllianceBlock represent the perfect combination of innovation, expertise, and professionalism in the cryptocurrency market. With our combined effort, we aim to bring a fresh perspective to the world of decentralized and traditional finance and attract more institutional capital providers. We look forward to working with AllianceBlock and paving the way for a new era in finance, one that is both creative and professional. Amine Nedjai, CEO of ABO Digital.

The collaboration between AllianceBlock and ABO Digital represents an innovative example of how the digital asset and traditional finance industries can benefit one another. As the industry matures and AllianceBlock expands the concept of structured financial instruments in crypto, traditional institutions will gain access to a new class of previously inaccessible assets via tokenization.

ABO Digital is the digital asset investment arm of the ABO group, which provides PIPE (Private Investment in Public Equity) financing to publicly listed companies across the world and has executed more than $2 billion in financing commitments over five years. ABO Digital leverages its institutional-grade expertise to provide innovative and alternative financing to cryptocurrency projects

AllianceBlock is building seamless gateways between decentralized and traditional finance by remedying issues in both spheres and linking them more closely. They see the future of finance as an integrated system where the best of both worlds can work together to increase capital flows and technological innovation.

By bridging traditional finance with compliant, data-driven access to new decentralized markets, DeFi projects, and ecosystem-scaling tools such as funding and interoperability, they are building a next-generation financial infrastructure that aims to provide regulated financial entities worldwide with the tools they need to access the DeFi space seamlessly.

Dan Edelstein

pr@marketacross.com

View source version on newsdirect.com: https://newsdirect.com/news/allianceblock-and-abo-digital-partners-to-offer-alternative-structured-financing-for-crypto-projects-991200117

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AllianceBlock and ABO Digital Partners To Offer Alternative, Structured Financing for Crypto Projects - Yahoo Finance

The Polygon (MATIC) network is preparing for the zkEVM mainnet beta launch on March 27. Among the hotly anticipated features include the Polygon Wallet Suite, an all-in-one front-end solution that allowed 100,000 Polygon users last month to safely bridge, swap, and manage their assets. The Polygon network has worked on Ethereum scaling solutions and facilitated over 1.2 million smart contracts from more than 224 million unique addresses and 292k contract creators.

Decentralised financial ecosystems (DeFi) have tapped into the Polygon scaling solution due to its low transaction cost. Moreover, the average cost per transaction on the Polygon network is about $0.018.

With the Polygon Wallet Suite, customers can expect a similar user experience (UX) on the Polygon PoS. However, the functionality will be different due to the environments within which they operate.

Functionality will not be exactly 1:1 because ZK environments operate a little differently. But as Polygon zkEVM matures, so will the Polygon Wallet Suite, Polygon noted in a blog post.

During the first day of Polygon Wallet Suite, users can expect to manage their assets and securely bridge between Ethereum and transact within the rollup with fast finality.

The Polygon networks zero knowledge EVM will have more exciting features besides the Polygon Wallet Suite. Among other key features include the Matic.js SDK and Gas Station will also be supported shortly after the launch of Polygon zkEVM Mainnet Beta. The Polygon developers can rest assured all their favorite assets are supported, including the ERC-20 and ERC-77.

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Along the way, the Polygon zkEVM has hit several milestones, including over 84k wallets, over 300k blocks produced, over 75,000 ZK proofs generated, and more than 5,000 smart contracts deployed.

Polygon zkEVM is the gold standard for EVM-equivalence, having passed 100 percent of the Ethereum test vectors that apply to a zkEVM. Developers can copy-paste code that works on Ethereum and use it to build on Polygon zkEVM without having to change a thingall Ethereum tooling works seamlessly with Polygon zkEVM. Thats frictionless scaling,

Polygon (MATIC) has remained among the top ten by market capitalization despite the year-long bear market. According to our latest crypto market data, Polygon (MATIC) has been up approximately 8.8 percent in the past seven days despite being down over 60 percent from its ATH.

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With a market capitalization of approximately $10,436,979,483, the Polygon network reported a 24-hour trading volume of about $918 million. With over 587,517 holders, according to on-chain data, Polygon (MATIC) is poised to gain more global recognition before the next bull market.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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Polygon Wallet Suite allows users to safely bridge, swap, and ... - Crypto News Flash

The NFT has taken the world by storm, impacting various industries, including art, gaming, and real estate. One such area experiencing a revolution driven by these unique tokens is ticketing.

The technology offers an array of benefits, addressing age-old issues such as fraud and counterfeiting while introducing new possibilities for fan engagement and experiences.

By granting fans greater control and ownership of their tickets, NFTs have the potential to reshape the ticketing landscape.

With each representing a unique, verifiable asset that cannot be duplicated or counterfeited, fans can trust the authenticity of their purchase, knowing its legitimate.

The use of NFTs in ticketing brings a new level of security and transparency. Transactions are recorded on a decentralized, tamper-proof ledger, making it easy to track ticket ownership and history.

This ensures the authenticity of tickets, reducing the prevalence of fraud and counterfeiting.

NFTs can lend credence to the secondary ticket market, making it safer for fans when buying or selling tickets. By creating a transparent, verifiable record of ticket ownership, NFTs can eliminate the risks associated with purchasing counterfeit tickets or dealing with unscrupulous sellers.

This could lead to a more vibrant and trustworthy secondary market, benefitting both fans and event organizers.

NFTs can be programmed with smart contracts that dictate how they can be used, providing fans with a new level of ownership and exclusivity. This could include personalized experiences, exclusive merchandise, or even access to special events.

Such features add value to the ticketing process, enhancing the overall experience for fans.

They can also offer a new revenue stream for artists and event promoters. By implementing royalties into smart contracts, creators can receive a percentage of sales whenever their tickets are resold on the secondary market.

This ensures they continue benefiting from their work, even when fans trade their tickets.

Several companies, including the NBA and Ticketmaster, have already started exploring the potential of NFTs in the ticketing industry. These early adopters are paving the way for others, demonstrating the viability and benefits of this innovative approach:

While NFTs hold great promise for the ticketing industry, there are some challenges to overcome. These include the environmental impact of NFTs, the need for scalable solutions, and addressing concerns around data privacy and security.

The industry must address these issues to ensure the long-term success of NFT-based ticketing.

One of the primary concerns surrounding NFTs is their environmental impact. The creation and transaction of NFTs often rely on energy-intensive processes, contributing to a significant carbon footprint.

To address this issue, the industry must explore more sustainable solutions, such as utilizing energy-efficient blockchains or adopting carbon-offsetting initiatives.

As NFTs gain traction in the ticketing industry, scalability and interoperability will become increasingly important. The current infrastructure supporting NFTs may struggle to handle the high volume of transactions required for large-scale events.

Moreover, ensuring that different ticketing platforms can communicate and exchange NFTs seamlessly will be crucial for widespread adoption.

With the rise of NFTs, data privacy and security concerns have also emerged. NFTs store transaction data on a public blockchain, which can raise privacy concerns for some users.

The industry must strike a balance between maintaining transparency and protecting user data. This could involve implementing privacy-enhancing technologies or adopting best practices for secure data management.

As the adoption of NFTs in ticketing continues to grow, we can expect to see several trends and developments emerge. Here are some potential directions the industry could take:

The ticketing industry could explore partnerships with other sectors to create unique, NFT-driven experiences. For example, collaborations with the gaming or virtual reality industries could lead to immersive, interactive experiences for fans attending events.

These partnerships could unlock new revenue streams and further enhance the value of NFT tickets.

Non-fungible tokens could also enable fractional ownership of tickets, allowing fans to buy and sell shares of a ticket. This could make high-demand events more accessible to a wider audience, as fans could purchase a portion of a ticket rather than the entire asset.

This concept could also be applied to season tickets, enabling fans to invest in a team or artists entire tour.

As NFTs become more prevalent in ticketing, the need for regulation and standardization will grow. Establishing industry standards and best practices will help ensure a consistent, reliable experience for fans and event organizers.

In addition, regulatory bodies may need to adapt existing laws or create new ones to accommodate the unique aspects of NFT-based ticketing.

The integration of NFTs into ticketing marks a significant milestone, offering unparalleled security and transparency. By addressing long-standing issues such as counterfeiting and fraud, NFTs have the potential to revolutionize the ticketing industry, creating new opportunities for fan engagement, experiences, and revenue streams.

As the technology continues to evolve, we can expect even more innovation and disruption in the world of ticketing.

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Here's How NFTs Could Revolutionize the Ticketing Industry - BeInCrypto

TMS Network is rapidly gaining popularity in the cryptocurrency market. It has the potential to surpass two other prominent blockchain platforms, Fantom and Aptos, by market capitalization and user adoption, in 2023.

TMS Network (TMSN) is rapidly gaining popularity in the cryptocurrency market. It has the potential to surpass two other prominent blockchain platforms, Fantom (FTM) and Aptos (APT), by market capitalization and user adoption, in 2023. This projection has led many investors and cryptocurrency enthusiasts to take notice of this new project, and its potential for growth in the coming years.

Aptos (APT), a layer-1 Proof of Stake (PoS) blockchain, employs the Move programming language for smart contracts. Aptos (APT) aims to build a network of decentralized applications (dApps) to address real-world challenges that users face. However, some recent Aptos (APT) network sales have caused concerns among its community.

A Light Crypto analyst suggested that Aptos (APT) may have its development team sell tokens worth $45 million. The analyst further stated that Aptos (APT) had transferred $20 million to Binance (BNB). Previously, the same analyst had reported that nearly $1 billion worth of tokens were stored in Aptos (APT) wallet.

Numerous reports indicate that Aptos (APT) tokens are now under controlled supply. It has raised concerns among Aptos (APT) investors, who fear it could trigger a sell-off, and lead to a further drop in token value. Currently, the live price of Aptos (APT) tokens stands at $10.24.

Fantom (FTM) provides ledger services to businesses and applications. Its open-source nature allows Fantom (FTM) users to customize its functions to meet their specific needs. The platform is permissionless, enabling everyone to execute the code. Fantom (FTM) aims to establish an efficient infrastructure for developers to leverage technological advancements in the future.

Fantom (FTM) has experienced increased network activity since the beginning of last year. The Fantom (FTM) token price has been highly volatile over the last few months, leading analysts to believe this trend could continue.

As of now, Fantom (FTM) is trading at $0.4003. However, it is possible that Fantom (FTM) may see a surge before the next quarter. But, experts suggest that the price may undergo a standard correction leading to a temporary drop in Fantoms (FTM) value.

TMS Network (TMSN) is an upcoming platform poised to disrupt the trading industry, and introduce much-needed developments. TMS Network (TMSN) platform enables traditional traders to expect faster and more efficient trades. The use of smart contracts and blockchain technology, by TMS Network (TMSN), ensures greater security and transparency. Additionally, TMS Network (TMSN) aims to boost liquidity, allowing traders to access a wider market.

Traditional traders eagerly anticipate the launch of TMS Network (TMSN) platform, as they expect it to resolve several issues faced on traditional trading platforms, like centralization, a high fee for intermediaries, and unavailability to trade with different derivatives through a single platform. TMS Network (TMSN) will also allow traders to deposit and withdraw funds instantly. TMS Network (TMSN) is the worlds first platform that enables people to trade diverse digital assets, including CFDs, stocks, cryptocurrencies, and Forex.

TMS Network (TMSN) token price has surged to $0.038, raising over $700k in a span of only two weeks. It makes TMS Network (TMSN) one of the best purchases of 2023. So, hurry up and book your tokens today.

You can find out more about TMS Network:Website,Presale,Whitepaper,Telegram,Twitter.

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TMS Network (TMSN) Projected to Surpass Fantom (FTM) and Aptos (APT) in 2023 - Coinspeaker