Kategorie: Crypto Business

• The aUSD Ecosystem Fund brings together several Polkadot parachains, including Manta Network and Acala.

• Together, the projects seek to support early-stage startups promoting the adoption of Pollkadot’s native stablecoin, Acala USD

• aUSD, the main product on the Acala chain, is a decentralised, multi-collateral stablecoin backed by crypto.

Manta Network, Acala and seven other Polkadot parachain have teamed up to launch a $250 million ecosystem fund targeted at supporting stablecoin use on Polkadot and Kusama parachains.

Dubbed ‘aUSD Ecosystem Fund’, the financial initiative is set to help early-stage startups in the Polkadot and Kusama ecosystem build strong projects that support the adoption of native stablecoins.

Interoperability benefits the whole Polkadot ecosystem

Apart from Manta and Acala, other parachain teams to contribute to the fund are asset financing protocol Centrifuge, NFT and gaming platform Efinity, WASM + EVM hub Astar Network and Ethereum interoperability protocol Moonbeam. 

Others are DEX chain HydraDX, DeFi multichain Parallel and predictions marketplace Zeitgeist.

Manta Network co-founder Kenny Li, commenting on the importance of the fund to the Polkadot and Kusama ecosystems, said:

“We’re excited to be supporting the aUSD Ecosystem Fund and look forward to integrating privacy into the emerging use cases and projects coming out of it. With Polkadot’s native interoperability, every new idea launching in the ecosystem is another value add to all parachains‚ “. 

DEXs and DAOs among targeted projects

The fund is open to startups with Solidity or Substrate-based applications, including payment solutions, money markets, decentralised exchanges (DEXs), derivatives, DAOs, and asset managers among others.

The parachain teams are confident cross-chain activity in the Polkadot ecosystem will push aUSD into broader adoption, benefitting all the parachains in the process. 

Acala Network, Moonbeam, Astar and Parallel are scheduled to outline their respective development milestones since onboarding on Polkadot later on Wednesday. The projects will also share future developments during the Parachains Takeover event.

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KILT’s decentralised identifiers (DIDs) are set to enhance Authtrail’s data integrity, helping offer data provenance for enterprise users.

Authtrail and decentralised identity platform KILT Protocol have announced a collaborative effort, with the former integrating KILT DIDs as it looks to improve on network trustworthiness and transparent data flows.

Moonbeam-powered Authtrail and B.T.E. BOTLabs Trusted Entity GmbH (BTE)-developed KILT are both projects within the Polkadot ecosystem.

The integration of KILT’s decentralised identifiers (DID) technology is set to help achieve data provenance on Authrail, a complete SaaS platform aimed at offering access to enterprise data secured by blockchain-based integrity.

Users across the blockchain ecosystem will be able to benefit from DIDs and other verifiable credentials, the two firms said in the announcement, with this happening via further integrations into data sources accessible to Authtrail.

More value for enterprise customers

The development gives blockchain developers access to tools by which they can create identifiers and credentials all manner of use cases and data sources. These, according to details the firms shared, include DIDs for humans, IoT, services and machines- basically all that needs authenticated/verifiable identity.

According to Authrail CEO Matjaz Sobocan, the integration will help the platform offer customers more value without compromising on their security.

“By employing DIDsign, we can procure more value for enterprise customers who want to innovate their identity systems without compromising the security of personal or organizational data in their environment,” he noted.

Through KILT’s technology, Authrail users will be able to tap into digital data that are securely traceable to real-life identity credentials.

Enterprises can be created and verify the identifiers using DIDsign, a KILT technology that seamlessly helps large enterprises to streamline their onboarding process while at the same time be assured of the safety of their organisations’ systems.

End users do not need to have blockchain knowledge or be familiar with DIDs to tap into the process.

Data integrity is powered by AUT, the native token on the Authrail network that also opens up other investing opportunities for holders and ecosystem users.

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DEA has released a new game title and launched an NFT sale that goes went live on 18 March.

Digital Entertainment Asset Pte. Ltd. (DEA) has announced the release of a new blockchain play-to-earn (P2E) game titled Cookin’ Burger. The Singapore-based GameFi platform has also launched an NFT presale for the game’s Shop NFT.

A press release shared with CoinJournal noted that Cookin’ Burger is DEA’s fourth title in the blockchain gaming ecosystem. However, it’s the GameFi platform’s first title from a third party in the company’s PlayMining ecosystem.

What’s Cookin’ Burger?

According to DEA, Cookin’ Burger is a blockchain game that simulates the management of a burger shop. The game is designed to “embody the dream of ‘running your own restaurant’”, Burger Studio CEO Takafumi Kiyota said in a statement.

The gaming experience will involve players taking on multi-tasking roles in a cooking game. Within the game, players will take on the roles of a burger shot staff and compete in serving customers.

DEA plans to officially unveil a beta version of the new game in May, although the Shop NFT presale goes live today 18 March at 11:00 (UTC+8).

In-game  rewards include DEAPcoin ($DEP)

In-game rewards are available when players successfully complete daily missions, weekly events or rank higher on monthly top performer lists. Players will also get a chance to win DEAPcoin ($DEP), an in-game reward token.

The launch of Cookin’ Burger comes as DEA, founded in 2018 in Singapore, looks to dive into the world of gaming finance with a play-to-earn (P2E) game and NFT marketplace.

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The funding round was co-led by Andreessen Horowitz’ a16z and major crypto VC firm Paradigm.

Optimism, a layer 2 scaling solution on the Ethereum network, has secured $150 million in a Series B funding, the blockchain platform announced on Thursday.

Heavyweight crypto investors Andreessen Horowitz (a16z) and Paradigm co-led the financing round. The firm added in details shared via a Medium post that the funding round had the blockchain firm at a valuation of $1.65 billion.

After over a year on mainnet, our milestones keep adding up: $1B in gas fees saved for users, thousands of smart contracts deployed, three separate forks…

And now: funds raised to the tune of $150M, giving us runway to keep shipping rain or shine.https://t.co/pBC2jmXtnh

— Optimism 🔴✨ (@optimismPBC) March 17, 2022

The Optimism mainnet has been live for over a year and in that time, the L2 solution has seen users save over $1 billion in gas. The success of its technology has also seen projects deploy thousands of contracts.

The open-source code has also seen three popular forks, with the platform firmly in the limelight across the Ethereum ecosystem.

Per the Medium post, the team at Optimism now plans to take their work across the network to the next level. This, they revealed, will happen with further strengthening of its team.

The startup is now one of the latest Unicorns in the crypto space and its continued development comes amid fresh impetus in the NFTs and DeFi sectors.  Scaling solutions such as Optimism are crucial as they help investors save on transaction fees, which can be prohibitive on the Ethereum network.

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• The contest seeks to unveil “compelling introductory videos” free of tech jargon, but which highlight Alephium’s value proposition.

Alephium, a high-performance and scalable blockchain that was the first to implement native shard transactions, has announced a video creation contest as it seeks to “attract and engage new users.”

Creators will compete to earn from a prize pool of 10,000 ALPH, the Swiss-based blockchain platform said in an announcement shared with CoinJournal on Thursday.

An accessible gateway to Alephium

One of the barriers to greater adoption of crypto and the underlying blockchain technology is the “complex” nature of the concepts to new users.

In most cases, it’s the less tech-savvy that find it hard to wrap their heads around some features and functionalities. Alephium’s novel Proof-of-Work mechanism, ETH-inspired smart contracts and UTXO model could be such hurdles.

Cheng Wang, the co-founder of Alephium said:

“We need something that can serve as an accessible gateway for new users, we need great introduction videos. Our community members have amazed us with their content creation skills to date, so I’m confident this video creation contest will help us gather creative videos that best describes Alephium.”

Videos should be tech-jargon free

The easy-to-understand video will cover all the basic introductory topics as articulated in “Welcome to Alephium,” the team said in their press announcement.

Participants will be expected to create a five-minute or less video. The community can do the video in any language. They also have creative license to use cartoons, 3D animations, and voiceovers with premium slides.

However, the content should be free of tech jargon and should include links to whitepapers, Github and social media channels, whitepapers.

How to submit the Alephium video

The contest will run until 15 April 2022, with all legible video entries submitted by 23:59 CET on the said date. Contestants will need to upload their videos on YouTube or Vimeo, with tags #Alephium and #ALPH.  

Once done, creators should submit a link to the video and their email address using the contest’s official submission link.

Interested users are encouraged to familiarise themselves with contest guidelines, or contact the team via Discord, Telegram, and Reddit.

Alephium’s mainnet went live in November 2021 and offers a highly efficient blockchain infrastructure environment for decentralised applications (dApps) and decentralised finance (DeFi) protocols. 

ALPH has traded 7.5% higher in the past 24 hours, with the ALPH/USDT pair hitting highs of $0.25 in early deals. The coin’s all-time high is $1.19 reached on 20 January 2022.

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