Want to claim the AltLayer $ALT Airdrop with DappRadar? If so, you are in the right place. As the popularity of airdrops continues to soar in the cryptocurrency space, it is essential to understand…

Claim AltLayer $ALT Airdrop: A Detailed Guide on Claiming Coins | by Michelle Gonzalez | Jan, 2024 | Medium

Binance introduces AltLayer on Launchpool, offering unique staking and trading opportunities with ALT tokens participate from January 19 to 24.

Binance Adds AltLayer to Launchpool for Crypto Staking

Binance has added AltLayer as the latest project on its Binance Launchpool platform, offering users new opportunities for cryptocurrency staking and trading.

Binance launches AltLayer on Launchpool, expands crypto investment options

AltLayer

altlayer

LogX, a decentralized trading platform, has announced that it has raised $4 million in its latest funding round, bringing its total capital to $10.1 million. The platform, known for its rapid growth, has hit a major milestone by surpassing $20 billion in trading volume in just ten months since its launch. LogX Network is the first on-chain consumer Super App, providing a seamless trading experience for perpetual markets, leveraged prediction markets, and more. The platform is powered by Arbitrum, Hyperlane, and AltLayer.' The recent funding round attracted significant interest from major Web3 investors, including Hashed Emergent, Cumberland VC, Saison Capital, Gate Labs, DWF Labs, Antler, Coinswitch Ventures, Wagmi Ventures, and Kairos Capital. Several prominent angel investors also participated, such as Charles and Verity from Espresso Systems, and Ryan Lee, CEO of Orderly Network. This latest round follows an earlier $6.1 million seed round, which saw backing from well-known investors like Coinbase Ventures, Sequoia Capital, IOSG, GFC Global Founders, MSA, and Better Capital. Akshit Bordia, Founder of LogX, expressed his gratitude and outlined the platform’s future trajectory. “These latest milestones are a testament to the unwavering trust from our financial backers, partners, and, most importantly, our loyal users,” Bordia stated. “With the capital we’ve raised, our mission is to scale our product line and introduce leveraged prediction markets across 50+ blockchains.” The new funding will primarily fuel LogX’s expansion into leveraged prediction markets, a significant enhancement that will enable users to engage in more sophisticated trading strategies. By leveraging prediction markets across over 50 blockchains, LogX aims to provide unparalleled flexibility and opportunities for traders within the decentralized ecosystem. Moreover, LogX is set to make its debut on the TON blockchain later this year, a move that is expected to bring prediction market trading to an additional 100 million users. This expansion underscores LogX’s commitment to broadening its reach and enhancing the trading capabilities available to its global user base. “These achievements reflect the strong support from our financial backers, partners, and, most importantly, our dedicated users,” said Akshit Bordia, Founder of LogX. “With the new capital, we aim to scale our product line and introduce leveraged prediction markets across more than 50 blockchains.” Since launching in July 2023, LogX has experienced remarkable growth, attracting over 1 million users and achieving over $20 billion in trading volume. The company plans to use the fresh funds to expand its offerings, with a focus on leveraged prediction markets. Additionally, LogX is set to debut on the TON blockchain later this year, bringing prediction market trading to over 100 million users. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR LogX , a decentralized trading platform, has announced that it has raised $4 million in its latest funding round, bringing its total capital to $10.1 million. The platform, known for its rapid growth, has hit a major milestone by surpassing $20 billion in trading volume in just ten months since its launch. LogX LogX Network is the first on-chain consumer Super App, providing a seamless trading experience for perpetual markets, leveraged prediction markets, and more. The platform is powered by Arbitrum, Hyperlane, and AltLayer.' LogX LogX The recent funding round attracted significant interest from major Web3 investors, including Hashed Emergent, Cumberland VC, Saison Capital, Gate Labs, DWF Labs, Antler, Coinswitch Ventures, Wagmi Ventures, and Kairos Capital. Several prominent angel investors also participated, such as Charles and Verity from Espresso Systems, and Ryan Lee, CEO of Orderly Network. This latest round follows an earlier $6.1 million seed round, which saw backing from well-known investors like Coinbase Ventures, Sequoia Capital, IOSG, GFC Global Founders, MSA, and Better Capital. Akshit Bordia, Founder of LogX, expressed his gratitude and outlined the platform’s future trajectory. “These latest milestones are a testament to the unwavering trust from our financial backers, partners, and, most importantly, our loyal users,” Bordia stated. “With the capital we’ve raised, our mission is to scale our product line and introduce leveraged prediction markets across 50+ blockchains.” The new funding will primarily fuel LogX’s expansion into leveraged prediction markets, a significant enhancement that will enable users to engage in more sophisticated trading strategies. By leveraging prediction markets across over 50 blockchains, LogX aims to provide unparalleled flexibility and opportunities for traders within the decentralized ecosystem. Moreover, LogX is set to make its debut on the TON blockchain later this year, a move that is expected to bring prediction market trading to an additional 100 million users. This expansion underscores LogX’s commitment to broadening its reach and enhancing the trading capabilities available to its global user base. “These achievements reflect the strong support from our financial backers, partners, and, most importantly, our dedicated users,” said Akshit Bordia, Founder of LogX. “With the new capital, we aim to scale our product line and introduce leveraged prediction markets across more than 50 blockchains.” Since launching in July 2023, LogX has experienced remarkable growth, attracting over 1 million users and achieving over $20 billion in trading volume. The company plans to use the fresh funds to expand its offerings, with a focus on leveraged prediction markets. Additionally, LogX is set to debut on the TON blockchain later this year, bringing prediction market trading to over 100 million users. LogX LogX Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: business blogging program business blogging program

LogX Hits $20B Volume Milestone, Expands with Fresh $4M in Funding

LogX ukax $20B Volumen Hito ukar puri, Fresh $4M Qullqichawimp jilxattayi

LogX достигна крайъгълен камък от $20 милиарда, разширява се с нови $4 милиона финансиране

LogX $20B ভলিউম মাইলস্টোন হিট করে, নতুন $4M ফান্ডিং সহ প্রসারিত

LogX dosáhl objemového milníku 20 miliard dolarů, rozšiřuje se s čerstvými 4 miliony dolarů ve financování

Το LogX έφτασε στο ορόσημο όγκου 20 δισεκατομμυρίων $, επεκτείνεται με νέα χρηματοδότηση 4 εκατομμυρίων $

LogX alcanza un volumen récord de 20 mil millones de dólares y se expande con una nueva financiación de 4 millones de dólares

LogX dostiže 20 milijardi dolara količine, širi se s novih 4 milijuna dolara financiranja

LogX-ը հասնում է $20 մլրդ ծավալի նշաձողի, ընդլայնվում է թարմ $4 մլն ֆինանսավորմամբ

LogX が 200 億ドルの取引量を達成、新たに 400 万ドルの資金調達で事業を拡大

LogX sasniedz 20 miljardu dolāru lielu pavērsienu, paplašinās ar 4 miljonu dolāru finansējumu

LogX достигает отметки в 20 млрд долларов и расширяется за счет новых инвестиций в размере 4 млн долларов

LogX yakubise $ 20B Umubare wibanze, Yaguka hamwe na $ 4M nshya mu gutera inkunga

The human brain is very primitive, believes Amar Bedi, CEO of Tashi Gaming. As a result, he says, it is focused very much on the immediate. “This was apparent in the financial industry where I first began my career. Professionals were focused on short-term strategies and goals limited to  monthly or quarterly earnings. So, my move to technology excited me as I could see that not only was the thinking long term – out to ten years or more – but the innovations were life changing.” Bedi, an accountant by training, grew up in Delhi and was working at one of the big four accountancy firms before transitioning to investment banking. He began investing in the technology space and hasn’t looked back, fifteen years on. “Consider the impact technology has on people – the smartphone for example. Smartphones are both ubiquitous and addictive. People working in the technology sector are actively innovating and projecting how  things might be in ten, twenty or even fifty years’ time.” Despite the pace of change, Bedi also sees patterns which include tipping points. When AI is considered, the launch of ChatGPT in November 2022 is seen as the tipping point, but the reality is that AI has existed and been worked on in one avatar or another for the past fifty years. “Slow, slow then fast.” Bedi sees the adoption of blockchain happening in the same way. “It’s not yet adopted by the masses, but once the average person benefits from blockchain it will become as ubiquitous as the smartphone. Consider the usage of stablecoins, if these came into common parlance then the days of the Wild West of crypto will be quickly forgotten. “For emerging tech to develop there are thousands of hours of research and innovation that the public is rarely exposed to. New technology is only adopted when it’s useful and administered with ease.” Bedi’s attraction to blockchain was not driven by Bitcoin. He was aware of Bitcoin since 2016, but despite having a financial background he was not overly interested. It was only once he started learning about the technology underpinning Bitcoin and distributed ledgers that the penny dropped and his entrepreneurial journey began. “We are still in the very early days of using blockchain and cryptocurrencies and there is plenty of friction. It’s not easy to buy currencies and it’s not easy to convert it back to Fiat. I’d say it is still a good five years out from becoming a stable, accessible and easy to use technology.” As an entrepreneur moving from Web2 into Web3, Bedi sees the pace of development accelerate. An entrepreneur in Web2 first builds product and then finds customers. In Web3, the customers and community come first. “There is so much value in having a community and readily getting feedback. At the end of the day, as an entrepreneur you are serving someone and the more you understand your community, the faster you can solve their problems and become successful at the same time.” Growing up, Bedi was a gamer, playing everything from World of Warcraft to FIFA but now, as a full-time entrepreneur and father to a young daughter, he doesn’t get much time to play. Interestingly, as the CEO of a Web3 gaming protocol, he doesn’t view Web2 games as having many problems akin to Web3. Games can always be improved and the developers in Web2 are also gamers which makes for great games. “But the problems Web3 games claim to be solving do not really matter to Web2 gamers as up until now the solutions have introduced friction that makes them unattractive to Web2 folk. It’s a factor of the newness of blockchain. People building in Web3 suddenly thought they could add value – such as ingame ownership of items – but the solutions were clunky and instead added a layer of friction. It has caused a schism of sorts between the two sectors.” Bedi continues to point out that not every game requires points and rewards, but it does need to be fun. In his role at Tashi Gaming, he talks about their Hippocratic Oath devised by their CTO Ken Anderson which replaces the word harm with friction – ie add no friction. “We are thinking about player experiences at Tashi. We start with our technology and we want to make it seamless in a game so the players have no idea that they are playing on blockchain tech. It’s the same in Web2, I don’t know or care if my multiplayer game uses a cloud service such as AWS – I just want to play my game.” Going back to one of the oft-hyped features of Web3, that of ingame ownership, Bedi says that is not always an issue. He likes to play chess, but he doesn’t see how ownership of a fancy chess piece or board can come first at the cost of the game experience. “Other games do require a buildup of armory of assets perhaps in World of Warcraft and ownership would be beneficial. Another issue, which is growing in importance, is attribution for player data. If I play a lot then I am giving gaming companies data which they can sell to advertising companies. It’s my data and ideally, I should be able to monetize my own data. “These elements are not necessarily killer features but ones I see as vitamins…strong vitamins.” Another benefit of adding in blockchain is the elimination of cheating. While cheating is not too prevalent in hyper casual gaming- again noting that blockchain is not the answer to all Web2 gaming problems- but there are certain games which would benefit. “In Web3 we need two-third of the players to agree on what we term ‘game states’. If someone tries to cheat, the system will recognize such an attempt and the other players will be able to say ‘that’ did not happen, where ‘that’ might be an addition of health, wealth or strength in the game. “Gaming should be fair and accessible to everyone – and that is a massive advantage we can bring to the table.” One issue for Web2 game publishers is cloud costs because compute is very expensive, especially the egress. Tashi Gaming can slash that cost by 50% to 60% as we reduce the need for expensive centralized servers. “That is a massive saving for games that spend millions of dollars in cloud infrastructure.” Tashi Gaming is partnering with industry leaders including Nvidia, AltLayer, and Aethir. It has partnered with Indonesia’s largest e-streaming service accounting for five million plus users, and it is in talks with many leading Web3 gaming studios. Tashi Gaming has also launched a Tashi Elite Program to offer game developers a white glove treatment to use the Tashi tech. “Game developers are focused on building games so we want to help support them in the back end journey, but we can also deliver ecosystem benefits including introductions to VCs and different Web3 protocols. We want to help.” Tashi Gaming is planning a node sale in the coming months to engage the wider gaming ecosystem. The aim is to allow developers in the ecosystem to use the technology with a single click – making it both useful and easy to use. Bedi reckons in five years, Tashi will be the leading Web3 back-end infrastructure platform. “When anyone says Web3 gaming infrastructure – they’ll think of Tashi.” The human brain is very primitive, believes Amar Bedi, CEO of Tashi Gaming. As a result, he says, it is focused very much on the immediate. “This was apparent in the financial industry where I first began my career. Professionals were focused on short-term strategies and goals limited to  monthly or quarterly earnings. So, my move to technology excited me as I could see that not only was the thinking long term – out to ten years or more – but the innovations were life changing.” Bedi, an accountant by training, grew up in Delhi and was working at one of the big four accountancy firms before transitioning to investment banking. He began investing in the technology space and hasn’t looked back, fifteen years on. “Consider the impact technology has on people – the smartphone for example. Smartphones are both ubiquitous and addictive. People working in the technology sector are actively innovating and projecting how  things might be in ten, twenty or even fifty years’ time.” Despite the pace of change, Bedi also sees patterns which include tipping points. When AI is considered, the launch of ChatGPT in November 2022 is seen as the tipping point, but the reality is that AI has existed and been worked on in one avatar or another for the past fifty years. “Slow, slow then fast.” Bedi sees the adoption of blockchain happening in the same way. “It’s not yet adopted by the masses, but once the average person benefits from blockchain it will become as ubiquitous as the smartphone. Consider the usage of stablecoins, if these came into common parlance then the days of the Wild West of crypto will be quickly forgotten. “For emerging tech to develop there are thousands of hours of research and innovation that the public is rarely exposed to. New technology is only adopted when it’s useful and administered with ease.” Bedi’s attraction to blockchain was not driven by Bitcoin. He was aware of Bitcoin since 2016, but despite having a financial background he was not overly interested. It was only once he started learning about the technology underpinning Bitcoin and distributed ledgers that the penny dropped and his entrepreneurial journey began. “We are still in the very early days of using blockchain and cryptocurrencies and there is plenty of friction. It’s not easy to buy currencies and it’s not easy to convert it back to Fiat. I’d say it is still a good five years out from becoming a stable, accessible and easy to use technology.” As an entrepreneur moving from Web2 into Web3, Bedi sees the pace of development accelerate. An entrepreneur in Web2 first builds product and then finds customers. In Web3, the customers and community come first. “There is so much value in having a community and readily getting feedback. At the end of the day, as an entrepreneur you are serving someone and the more you understand your community, the faster you can solve their problems and become successful at the same time.” Growing up, Bedi was a gamer, playing everything from World of Warcraft to FIFA but now, as a full-time entrepreneur and father to a young daughter, he doesn’t get much time to play. Interestingly, as the CEO of a Web3 gaming protocol, he doesn’t view Web2 games as having many problems akin to Web3. Games can always be improved and the developers in Web2 are also gamers which makes for great games. “But the problems Web3 games claim to be solving do not really matter to Web2 gamers as up until now the solutions have introduced friction that makes them unattractive to Web2 folk. It’s a factor of the newness of blockchain. People building in Web3 suddenly thought they could add value – such as ingame ownership of items – but the solutions were clunky and instead added a layer of friction. It has caused a schism of sorts between the two sectors.” Bedi continues to point out that not every game requires points and rewards, but it does need to be fun. In his role at Tashi Gaming, he talks about their Hippocratic Oath devised by their CTO Ken Anderson which replaces the word harm with friction – ie add no friction. “We are thinking about player experiences at Tashi. We start with our technology and we want to make it seamless in a game so the players have no idea that they are playing on blockchain tech. It’s the same in Web2, I don’t know or care if my multiplayer game uses a cloud service such as AWS – I just want to play my game.” Going back to one of the oft-hyped features of Web3, that of ingame ownership, Bedi says that is not always an issue. He likes to play chess, but he doesn’t see how ownership of a fancy chess piece or board can come first at the cost of the game experience. “Other games do require a buildup of armory of assets perhaps in World of Warcraft and ownership would be beneficial. Another issue, which is growing in importance, is attribution for player data. If I play a lot then I am giving gaming companies data which they can sell to advertising companies. It’s my data and ideally, I should be able to monetize my own data. “These elements are not necessarily killer features but ones I see as vitamins…strong vitamins.” Another benefit of adding in blockchain is the elimination of cheating. While cheating is not too prevalent in hyper casual gaming- again noting that blockchain is not the answer to all Web2 gaming problems- but there are certain games which would benefit. “In Web3 we need two-third of the players to agree on what we term ‘game states’. If someone tries to cheat, the system will recognize such an attempt and the other players will be able to say ‘that’ did not happen, where ‘that’ might be an addition of health, wealth or strength in the game. “Gaming should be fair and accessible to everyone – and that is a massive advantage we can bring to the table.” One issue for Web2 game publishers is cloud costs because compute is very expensive, especially the egress. Tashi Gaming can slash that cost by 50% to 60% as we reduce the need for expensive centralized servers. “That is a massive saving for games that spend millions of dollars in cloud infrastructure.” Tashi Gaming is partnering with industry leaders including Nvidia, AltLayer, and Aethir. It has partnered with Indonesia’s largest e-streaming service accounting for five million plus users, and it is in talks with many leading Web3 gaming studios. Tashi Gaming has also launched a Tashi Elite Program to offer game developers a white glove treatment to use the Tashi tech. “Game developers are focused on building games so we want to help support them in the back end journey, but we can also deliver ecosystem benefits including introductions to VCs and different Web3 protocols. We want to help.” Tashi Gaming is planning a node sale in the coming months to engage the wider gaming ecosystem. The aim is to allow developers in the ecosystem to use the technology with a single click – making it both useful and easy to use. Bedi reckons in five years, Tashi will be the leading Web3 back-end infrastructure platform. “When anyone says Web3 gaming infrastructure – they’ll think of Tashi.”

From Primitive Minds to Futuristic Gaming: Amar Bedi's Vision for a Seamless Web3 Experience

Router Protocol is pleased to announce that it has completed an oversubscribed strategic funding round with participation from prominent crypto angels and funds. The primary goal of the strategic round was to thoughtfully expand Router's cap table with crypto operators who deeply understand the importance of cross-chain infrastructure and can accelerate the ecosystem growth as Router evolves into a Layer 1 blockchain. Router Protocol is honored to welcome an exceptional group of accomplished founders and web3 executives as angels and advisors, including Keone Hon (Monad), Parker Jou (Caldera), Amrit Kumar (Altlayer), Aniket (Biconomy), Anurag Arjun (Avail), Amitej (Stader), Ravindra (Frontier), and several others. In a testament to the unwavering belief in its vision, Router Protocol also received overwhelming support from existing investors, including heavyweight players such as Wintermute Ventures, Woodstock, DeFi Capital, CryptoBanter, RavenDAO, and Luganodes. Other renowned advisors and angels include Zaki Manian (Sommelier/Cosmos), Ajit Tripathi (@chainyoda), Gokul Rajaram (Google/Doordash), and Surojit Chatterjee (Coinbase, Google, Flipkart, EMA). The proceeds from this funding round will be deployed strategically to fuel the development and highly anticipated launch of the Router Chain mainnet. Router Chain is set to revolutionize value transfer by abstracting away blockchain complexity and unlocking a new era of frictionless cross-chain applications and user experiences. "Router Chain embodies the evolution of our unwavering vision to build the universal interconnectivity layer between fragmented L1/L2 networks," said Ramani Ramachandran, CEO of Router Protocol. "By abstracting away blockchain complexity, we are laser-focused on delivering the most seamless and intuitive user and developer experience for multi-chain applications. This funding round propels us closer to realising this transformative vision." Router Protocol’s mantra has always been "developers first." Its mission is to empower builders to focus on bringing their groundbreaking ideas to life, rather than grappling with infrastructure complexities. Router Chain will provide a robust suite of flexible interoperability primitives, including its innovative cross-chain intent framework and developer-friendly toolkits, to make this vision a reality. "We are thrilled to witness the rapid expansion of our ecosystem, with trailblazing cross-chain projects like StakeEase, FolioX, and many more leveraging our interoperability primitives to push the boundaries of what's possible," said Shubham Singh, CTO of Router Protocol. In a major milestone, Router Protocol launched Router Nitro, a super-fast, gas-efficient, intent-based cross-chain bridge powered by an innovative reverse-verification mechanism. Nitro Bridge crossed $350M volume in the past 4 months, over 650K+ transactions, and almost 300K unique users. To further accelerate ecosystem growth, Router Protocol is thrilled to announce the upcoming launch of the Router Ecosystem Grants Program, which will provide substantial financial support and resources to promising projects building on Router Chain. Moreover, the project’s recently revamped tokenomics empowers it to aggressively focus on community engagement, ecosystem expansion, and the promotion of exciting new cross-chain primitives that will redefine the landscape of interoperability. The oversubscribed round demonstrates the demand for high-value web3 infrastructure and marks a crucial step in Router's maturation from a bridge solution to a core Web3 connecting layer. Backing from this expanded group of partners will aid in evangelizing Router's vision and unique value proposition to a global audience. Router Protocol is pleased to announce that it has completed an oversubscribed strategic funding round with participation from prominent crypto angels and funds. Router Protocol is pleased to announce that it has completed an oversubscribed strategic funding round with participation from prominent crypto angels and funds. The primary goal of the strategic round was to thoughtfully expand Router's cap table with crypto operators who deeply understand the importance of cross-chain infrastructure and can accelerate the ecosystem growth as Router evolves into a Layer 1 blockchain. Router Protocol is honored to welcome an exceptional group of accomplished founders and web3 executives as angels and advisors, including Keone Hon (Monad), Parker Jou (Caldera), Amrit Kumar (Altlayer), Aniket (Biconomy), Anurag Arjun (Avail), Amitej (Stader), Ravindra (Frontier), and several others. In a testament to the unwavering belief in its vision, Router Protocol also received overwhelming support from existing investors, including heavyweight players such as Wintermute Ventures, Woodstock, DeFi Capital, CryptoBanter, RavenDAO, and Luganodes. Other renowned advisors and angels include Zaki Manian (Sommelier/Cosmos), Ajit Tripathi (@chainyoda), Gokul Rajaram (Google/Doordash), and Surojit Chatterjee (Coinbase, Google, Flipkart, EMA). The proceeds from this funding round will be deployed strategically to fuel the development and highly anticipated launch of the Router Chain mainnet. Router Chain is set to revolutionize value transfer by abstracting away blockchain complexity and unlocking a new era of frictionless cross-chain applications and user experiences. "Router Chain embodies the evolution of our unwavering vision to build the universal interconnectivity layer between fragmented L1/L2 networks," said Ramani Ramachandran, CEO of Router Protocol. "By abstracting away blockchain complexity, we are laser-focused on delivering the most seamless and intuitive user and developer experience for multi-chain applications. This funding round propels us closer to realising this transformative vision." Router Protocol’s mantra has always been "developers first." Its mission is to empower builders to focus on bringing their groundbreaking ideas to life, rather than grappling with infrastructure complexities. Router Chain will provide a robust suite of flexible interoperability primitives, including its innovative cross-chain intent framework and developer-friendly toolkits, to make this vision a reality. "We are thrilled to witness the rapid expansion of our ecosystem, with trailblazing cross-chain projects like StakeEase, FolioX, and many more leveraging our interoperability primitives to push the boundaries of what's possible," said Shubham Singh, CTO of Router Protocol. In a major milestone, Router Protocol launched Router Nitro, a super-fast, gas-efficient, intent-based cross-chain bridge powered by an innovative reverse-verification mechanism. Nitro Bridge crossed $350M volume in the past 4 months, over 650K+ transactions, and almost 300K unique users. To further accelerate ecosystem growth, Router Protocol is thrilled to announce the upcoming launch of the Router Ecosystem Grants Program, which will provide substantial financial support and resources to promising projects building on Router Chain. Moreover, the project’s recently revamped tokenomics empowers it to aggressively focus on community engagement, ecosystem expansion, and the promotion of exciting new cross-chain primitives that will redefine the landscape of interoperability. The oversubscribed round demonstrates the demand for high-value web3 infrastructure and marks a crucial step in Router's maturation from a bridge solution to a core Web3 connecting layer. Backing from this expanded group of partners will aid in evangelizing Router's vision and unique value proposition to a global audience.

Router Protocol Completes Oversubscribed Strategic Funding Round

রাউটার প্রোটোকল ওভারসাবস্ক্রাইবড স্ট্র্যাটেজিক ফান্ডিং রাউন্ড সম্পূর্ণ করে

Router Protocol schließt überzeichnete strategische Finanzierungsrunde ab

Router Protocol completa una ronda de financiación estratégica con exceso de suscripción

Le protocole de routeur finalise un cycle de financement stratégique sursouscrit

राउटर प्रोटोकॉल ने ओवरसब्सक्राइब्ड रणनीतिक फंडिंग राउंड पूरा किया

ルータープロトコル、募集額超過の戦略的資金調達ラウンドを完了

라우터 프로토콜, 초과 구독된 전략적 자금 조달 라운드 완료

Router Protocol conclui rodada de financiamento estratégico com excesso de inscrições

Router Protocol завершает раунд стратегического финансирования переподписки

Yönlendirici Protokolü Aşırı Abone Olunan Stratejik Finansman Turunu Tamamladı

Giao thức bộ định tuyến hoàn thành vòng tài trợ chiến lược được đăng ký vượt mức

路由器协议完成超额认购的战略融资轮

**DUBAI, UAE, May 22nd, 2024/Chainwire/--**Kelp DAO, a liquid restaking platform, today announced the closure of a $9 million private sale round, a milestone in its mission to enhance decentralized finance (DeFi) and the restaking landscape. SCB Limited (a proprietary trading firm based in the Bahamas) and Laser Digital (Digital asset arm of Nomura Global) led the round with a combined $3.5 million investment. Other investors in the round were Bankless Ventures, Hypersphere, Draper Dragon, DACM, Cypher Capital, ArkStream, Cluster Capital, GSR, Longhash, Side Door Ventures, NOIA Capital, HTX Ventures, Avid3, ViaBTC Capital, DWF Ventures, Coinseeker and many others. These funds build on more than $850 million in Total Value Locked (TVL) and more than 40,000 active restakers on the platform. The funds will be utilized to enhance the platform's capabilities, expand to other ecosystems like Solana and Bitcoin, and further innovate restaking solutions. The funding round showcases confidence from global investors, with support from several notable angel investors in the crypto community, including Scott, Cofounder of Gitcoin; Alex, CEO Nansen; Sam K, Cofounder Frax; Marc Zeller, Aave Chan Initiative; Saurabh Sharma, Jump Crypto; Amrit, COO Altlayer; Anthony, Cofounder of Swissborg; Winslow Strong, Mr. Block. Dheeraj Borra, Co-founder of Kelp DAO, said, “This fundraise propels our expansion in the market and sharpens our focus on building customer centric solutions. It's truly thrilling to have our investors share that vision.” Both Kelp DAO founders, Amitej Gajjala and Dheeraj Borra, expressed gratitude for the support of investors to drive Kelp DAO towards scaling new heights in restaking solutions.Jez Mohideen, CEO of Laser Digital, added their support for the project, stating “We are very excited to support Kelp DAO and the passionate team in its journey towards building innovative restaking infrastructure solutions.” This enthusiasm was reiterated by Jack Platts, Co-founder of Hypersphere Ventures, saying, “We’re excited by the prospect of restaking enabling more developer experimentation and use cases. Kelp’s proven team and focus on user experience is playing a key role in this restaking’s early success. We look forward to the team executing on its vision of enhancing yields and optionality for ETH stakers.” About Kelp DAO: Kelp DAO is one of the leading liquid restaking protocols with $850M+ in assets under management across 45,000+ restakers. Their liquid restaked token (LRT) was the first to hit the Ethereum mainnet and pioneered liquid restaking with liquid staking tokens. Currently, Kelp DAO facilitates liquid restaking for native ETH and LSTs alike across Ethereum mainnet and 8 L2 networks. About Laser Digital: Backed by Nomura, Laser Digital delivers scalable, robust opportunities across trading, asset management, and ventures. The team works at higher risk management standards, compliance, and commercial viability, all driven by a belief in more responsible crypto innovation. For more information,  please visit: https://www.laserdigital.com/ About SCB Limited: SCB Limited is a Bahamian-based proprietary trading firm and an active participant in the digital asset ecosystem. Contact Head of Communications Archana B archana@kelpdao.xyz This story was distributed as a release by Chainrwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **DUBAI, UAE, May 22nd, 2024/Chainwire/--**Kelp DAO, a liquid restaking platform, today announced the closure of a $9 million private sale round, a milestone in its mission to enhance decentralized finance (DeFi) and the restaking landscape. SCB Limited (a proprietary trading firm based in the Bahamas) and Laser Digital (Digital asset arm of Nomura Global) led the round with a combined $3.5 million investment. Other investors in the round were Bankless Ventures, Hypersphere, Draper Dragon, DACM, Cypher Capital, ArkStream, Cluster Capital, GSR, Longhash, Side Door Ventures, NOIA Capital, HTX Ventures, Avid3, ViaBTC Capital, DWF Ventures, Coinseeker and many others. SCB Limited SCB Limited Laser Digital Laser Digital These funds build on more than $850 million in Total Value Locked (TVL) and more than 40,000 active restakers on the platform. The funds will be utilized to enhance the platform's capabilities, expand to other ecosystems like Solana and Bitcoin, and further innovate restaking solutions. The funding round showcases confidence from global investors, with support from several notable angel investors in the crypto community, including Scott, Cofounder of Gitcoin; Alex, CEO Nansen; Sam K, Cofounder Frax; Marc Zeller, Aave Chan Initiative; Saurabh Sharma, Jump Crypto; Amrit, COO Altlayer; Anthony, Cofounder of Swissborg; Winslow Strong, Mr. Block. Dheeraj Borra, Co-founder of Kelp DAO, said, “This fundraise propels our expansion in the market and sharpens our focus on building customer centric solutions. It's truly thrilling to have our investors share that vision.” Dheeraj Borra, Co-founder of Kelp DAO, said, “This fundraise propels our expansion in the market and sharpens our focus on building customer centric solutions. It's truly thrilling to have our investors share that vision.” Both Kelp DAO founders, Amitej Gajjala and Dheeraj Borra, expressed gratitude for the support of investors to drive Kelp DAO towards scaling new heights in restaking solutions.Jez Mohideen, CEO of Laser Digital, added their support for the project, stating “We are very excited to support Kelp DAO and the passionate team in its journey towards building innovative restaking infrastructure solutions.” CEO of Laser Digital, added their support for the project, stating “We are very excited to support Kelp DAO and the passionate team in its journey towards building innovative restaking infrastructure solutions.” This enthusiasm was reiterated by Jack Platts, Co-founder of Hypersphere Ventures, saying, “We’re excited by the prospect of restaking enabling more developer experimentation and use cases. Kelp’s proven team and focus on user experience is playing a key role in this restaking’s early success. We look forward to the team executing on its vision of enhancing yields and optionality for ETH stakers.” About Kelp DAO: Kelp DAO is one of the leading liquid restaking protocols with $850M+ in assets under management across 45,000+ restakers. Their liquid restaked token (LRT) was the first to hit the Ethereum mainnet and pioneered liquid restaking with liquid staking tokens. Currently, Kelp DAO facilitates liquid restaking for native ETH and LSTs alike across Ethereum mainnet and 8 L2 networks. Kelp DAO Kelp DAO About Laser Digital: Backed by Nomura, Laser Digital delivers scalable, robust opportunities across trading, asset management, and ventures. The team works at higher risk management standards, compliance, and commercial viability, all driven by a belief in more responsible crypto innovation. For more information,  please visit: https://www.laserdigital.com/ https://www.laserdigital.com/ https://www.laserdigital.com/ About SCB Limited: SCB Limited is a Bahamian-based proprietary trading firm and an active participant in the digital asset ecosystem. Contact Head of Communications Archana B archana@kelpdao.xyz This story was distributed as a release by Chainrwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainrwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Kelp DAO Secures $9 Million In Private Sale For Restaking Innovations

How EigenLayer is Transforming Blockchain: An Interview with Allnodes' CEO

কিভাবে EigenLayer ব্লকচেইনকে রূপান্তরিত করছে: Allnodes' CEO-এর সাথে একটি সাক্ষাৎকার

Wie EigenLayer die Blockchain verändert: Ein Interview mit dem CEO von Allnodes

Cómo EigenLayer está transformando Blockchain: una entrevista con el CEO de Allnodes

Comment EigenLayer transforme la blockchain : entretien avec le PDG d'Allnodes

आइजेनलेयर ब्लॉकचेन को कैसे बदल रहा है: ऑलनोड्स के सीईओ के साथ एक साक्षात्कार

EigenLayer がブロックチェーンを変革する方法: Allnodes の CEO へのインタビュー

EigenLayer가 블록체인을 변화시키는 방법: Allnodes CEO와의 인터뷰

Como o EigenLayer está transformando o Blockchain: uma entrevista com o CEO da Allnodes

Как EigenLayer трансформирует блокчейн: интервью с генеральным директором Allnodes

EigenLayer Blockchain'i Nasıl Dönüştürüyor: Allnodes'un CEO'su ile Röportaj

EigenLayer đang chuyển đổi Blockchain như thế nào: Cuộc phỏng vấn với CEO của Allnodes

EigenLayer 如何改变区块链：对 Allnodes 首席执行官的采访

**USA / CALIFORNIA, March 7th, 2024/Chainwire/--**Firewall secures funding from North Island Ventures, Breyer Capital, and Hack VC to bulletproof smart contract networks. Firewall, a blockchain infrastructure startup, announced its $3.7M pre-seed round, co-led by , , and . Firewall transforms the usability of smart contract technology through an innovative finality consensus mechanism that eliminates smart contract exploits. North Island Ventures Breyer Capital Hack VC The founders of Firewall, previously the first and sixth employees at —a staking company acquired by Kraken in a landmark crypto deal—have helped breathe life into the eras of proof-of-stake and decentralized finance over the last six years. Staked In that time, the founders served institutional clients with infrastructure that handled billions of dollars, and now building on their experience, are addressing what most perceive as the final major hurdle to a full embrace of digital assets by the traditional financial system. “Firewall is building the safety rails that enable the everyday person to use the next era of the Internet,” stated , Co-Founder of Firewall. Devan Purhar “Today, billions of dollars are stolen from users, through irreversible transactions that are classifiable as theft. There’s a parallel between the current state of crypto-networks and the early internet, with a similar lack of essential security infrastructure. Our focus is not on marginal improvements; rather, we bring a required paradigm shift in the usability of blockchains. We designed a solution from first principles, and created programmable finality. Fundamentally, we make exploits a concept of the past.” Akin to a digital version of a traditional network’s firewall, Firewall’s technology introduces "programmable finality”. It extends rollups to use programmable transaction finalization rules, which act as automated checkpoints that block harmful transactions, inserted before later stages when the data is finalized by a DA layer such as EigenDA or Celestia. The founders envision Firewall as a part of every smart contract network, acting as an embedded security system that intelligently guards against threats. "Firewall uses real-time algorithms to pre-filter exploits from being included in blocks," shared , Firewall Co-Founder. Sam Mitchell "Then, by using programmable finality we automatically recover from any exploits that bypass the pre-filter checks. Detection at this stage can involve AI models or social consensus, which may take longer.” Mitchell emphasized that institutions, managing trillions in assets, are interested in the benefits of smart contracts but require a secure environment to deploy capital. “Creating comfort for institutional clients to use smart contracts will be the pivotal point for the widespread adoption of digital assets.” Past the founders, the core team is credited with successfully pioneering AI use in crypto threat detection at OpenZeppelin and Forta, and is set to revolutionize the field with Firewall's all-encompassing security approach. The startup’s initial focus is on the rollup ecosystem, and prides itself on alignment with building non-custodial and trustless solutions. The funding will help expand the team and create the community to “firewall the EVM”. Longer-term plans include developing coordination mechanisms to integrate the social layer directly into the Firewall. Travis Scher, Managing Partner at North Island Ventures, said “We believe the primary impediment to crypto’s mainstream adoption is the current security paradigm, in which a single bug can lead to a total loss of user funds. Firewall's solution can prevent such losses, and we are thrilled to support such an important company from the outset.” The funding round was co-led by North Island Ventures, Breyer Capital, and Hack VC, with participation from Finality Capital, and angels including Tim Ogilvie of Staked, Kain Warwick and Jordan Momtazi of Synthetix, Nathan McCauley of Anchorage, and Yaoqi Jia of AltLayer. “Firewall is making blockchains safer for users, developers, and institutions,” said Ted Breyer of Breyer Capital. “We see this catalyzing a new era of smart contract utility, and we’re delighted to support the team.” With the growing global adoption of crypto and regulatory spotlight, catalyzed by the BTC ETF and anticipated ETH ETF, the time for crypto-networks to become bulletproof is now. Trillions of dollars remain on the sidelines, scared to use smart contracts. Firewall's “programmable finality” which effectively neutralizes exploits, offers the security assurance needed to unlock these assets, paving the way for crypto to revolutionize the global financial system. About Firewall is dedicated to making smart contract technology safe to use in everyday life, by eliminating smart contract exploits. Their solution is akin to a robust network firewall, applied to the modular blockchain ecosystem. Firewall Contact Co-Founder Devan Purhar Firewall devan@usefirewall.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here.

Firewall Raises $3.7M To Take Smart Contracts Mainstream With Programmable Finality

Overview According to statistics, there were 34 funding rounds executed in the global blockchain market from February 19 to February 25, totaling 240.81 million dollars. The number of funding rounds increased by 13 and the amount of funds increased by 75.7%, compared with the previous week. The number of funding rounds in sectors of Infrastructure and DeFi is the highest, 11 of which are in the infrastructure and 7 in the DeFi area. The funds raised in the infrastructure sector are the highest, which is 170 million dollars. Funding in different sectors Infrastructure EigenLayer Round Series B Amount $100M Investors a16z, Polychain… Project Intro: EigenLayer is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security. This primitive enables the rehypothecation of ETH on the consensus layer. Users who stake ETH can opt-in to EigenLayer smart contracts to restake their ETH and extend cryptoeconomic security to additional applications on the network. Part of EigenLayer's potential lies in its ability to aggregate and extend cryptoeconomic security through restaking, and to validate new applications being built on top of Ethereum. AltLayer Round Strategic Amount $14.4M Investors Polychain, Hack VC… Project Intro: AltLayer is a system of highly scalable, application-dedicated execution layers that derive security from an underlying L1/L2. It is designed as a modular and pluggable framework for a multi-chain and multi-VM world. At its core, AltLayer consists of several optimistic rollup-like execution layers called flash layers, featuring a novel innovation that makes them disposable and thus highly resource-optimized. Flare Network Round / Amount $35M Investors DWF Labs Project Intro: Flare is a Layer-1 blockchain that enables secure, universal interoperability between chains, scaling blockchain use by allowing all digital assets and on-chain information to flow freely. Its consensus protocol for external data allows decentralized applications on Flare to safely and trustlessly acquire and use information from other blockchains and real-world data sources, solving the oracle problem and ushering in a new era of utility. Clave Round Pre-Seed Amount $1.6M Investors zkSync Labs Clave is an easy-to-use non-custodial smart wallet powered by Account Abstraction and the Hardware Elements (e.g Secure Enclave, Android Trustzone etc.), offering a unique onboarding process. Helius Round Series A Amount $9.5M Investors Foundation Capital, Reciprocal Ventures Helius aims to help creators overcome these obstacles by providing APIs (or application programming interfaces) to understand on-chain data and query transactions, as well as webhooks that enable automations and bots, plus RPC nodes that allow Solana apps to interact with the blockchain. All in all, they are designed to simplify complexity and facilitate application development. NodeShift Round Seed Amount $3.2M Investors Inovo VC NodeShift is a decentralized cloud service provider that provides a single API for accessing independent data center operators' redundant compute, storage and graphics accelerators and connecting to low-cost decentralized web services such as Akash and Filecoin. BEVM Round / Amount / Investors ViaBTC Capital BEVM is a decentralized EVM-compatible Bitcoin L2 that uses BTC as Gas. It allows all DApps which can run in the Ethereum ecosystem to operate on Bitcoin L2. Citrea Round Seed Amount $2.7M Investors Galaxy Citrea is a Bitcoin’s ZK rollup and an execution layer that settles on Bitcoin. Every transaction occurring on Citrea is fully secured by zero-knowledge proofs and verified by Bitcoin through BitVM. Inco Network Round Seed Amount $4.5M Investors 1kx, Circle Ventures Inco Network is an EVM Layer-1, utilizing fully homomorphic encryption (FHE) to enable composable and operable confidential states. Its fhEVM (FHE + EVM) makes it possible to write private smart contracts and perform computations on top of encrypted data without requiring its decryption. This innovation unlocks a wide range use cases with confidentiality components, such as card games, DID, private voting, dark pools, etc. - paving the way for a new era of possibilities. Nest Wallet Round Seed Amount $3.6M Investors Inception Capital, Orange DAO Nest Wallet is a multi-chain wallet built for traders. Powered by Safe, Nest Wallet adds a more friendly UI/UX for team to easily manage multiple Safe wallets and streamline the transaction signing process. DeFi ZeroLend Round Seed Amount $3M Investors Momentum 6 ZeroLend is a decentralized lending protocol on zkSync. Designed to provide individuals and businesses with a secure and transparent platform for borrowing and lending digital assets. The protocol operates in a peer-to-peer manner, eliminating the need for intermediaries such as banks or traditional financial institutions. After announcing the launch of their platform token $ZERO, ZeroLend has introduced a series of activities to encourage users to complete tasks and accumulate points. Recently, they have collaborated with the growth platform TaskOn to release a new set of activities. Shutter Round IDO Amount $8.31M Investors OKX Ventures Shutter Network is an open-source project that aims to prevent front running on Ethereum by using a threshold cryptography-based distributed key generation (DKG) protocol.Shutter allows users to send encrypted transactions in a way that protects them from front runners on their path through the dark forest (the metaphorical hunting ground of front runners that each transaction must cross). OX.FUN Round / Amount $4M Investors Gen Block Capital OX.FUN is a crypto derivatives trading platform. The core element of the gamified experience on OX.FUN revolves around the OX Farm. User can also expect to see leaderboards, competitions and copy trading vaults to help maximize the trading adventure. Renzo Round / Amount / Investors OKX Ventures, Binance Labs Renzo is a restaking protocol based on EigenLayer. Renzo abstracts the complex process of re-staking for end users, and stakers do not have to worry about the active selection and management of operators and reward strategies. ezETH is Renzo’s liquid, heavily-collateralized token that automatically captures rewards and ensures liquidity. ezETH allows users to participate in DeFi while retaining re-collateralization rewards. Singularity Round / Amount $2.2M Investors OKX Ventures, Binance Labs Singularity is a compliant institutional DeFi access layer that provides access to popular protocols for institutional on-chain participants with commercial confidentiality. Users will have their wallet addresses obfuscated whilst leveraging existing DeFi liquidity. Singularity uses the state-of-the-art UltraPLONK proof system with zero-knowledge circuits based on Noir. Honeypot Finance Round Pre-seed Amount / Investors AC Capital Honeypot Finance is whipping up a community-run DeFi Hub that have a honey-flavored flywheel model that churns out dual incentives. INIT Capital Round Seed Amount $3.1M Investors Robot Ventures, Mirana Ventures… INIT Capital is a Liquidity Hook Money Market: Lend, Borrow, and Access Yield Strategies with Liquidity Hook. Serving as the DeFi liquidity infrastructure for dApps to build on top, INIT facilitates diverse activities, including lending, borrowing, and yield strategies. INIT is where dApps and users meet, offering both permissionless access to a unified liquidity pool and efficient yield strategy management. GameFi Shuffle Round Seed Amount $2.5M Investors Karatage, Cypher Capital Shuffle is an all-new crypto casino that support numerous games and jackpots available for players. Matr1x Round Strategic Amount / Investors Animoca Brands, SevenX Ventures… Matr1x is the brand of Metaverse, planning to build the brand through high-quality games developed by themselves or in collaboration with third parties, game IP development and cooperation, and global Esports tournaments. Matr1x will express its game trilogy (Cyber Earth - Mars Immigration - Interstellar Exploration) through three large-scale games with a unified worldview: Matr1x FIRE (First-person shooter), Matr1x WAR (Shooting+MMORPG), and Matr1x EVOLUTION (SOC). Monkey Tilt Round Private Amount $21M Investors Polychain, Hack VC… Monkey Tilt is an online gambling platform focused on the convergence of cryptocurrencies and online gambling. Players can win real money by correctly predicting whether the player they choose will exceed or fall short of their statistical prediction. Crystal Fun Round Seed Amount $5M Investors Waterdrip Capital, Kucoin Ventures… Crystal Fun is a decentralized gaming mega-ecosystem and studio. It aims to seamlessly integrate high-quality games within sustainable economic systems, ushering in a groundbreaking gaming experience into Web3. Loong City Round / Amount $2M Investors MAZARINE SEA Loong City is the first original IP PFP metaverse project based on an improved ERC404 protocol. Autopunk and traditional China constitute the core elements of Dragon City. Each PFP is an entry ticket to this fictional world. NFT Prom Round / Amount / Investors DWF Labs Prom is the primary access point to the Web3 gaming ecosystem. With a robust marketplace at its core for trading and exchanging NFT assets, Prom offers an array of services including rental and mortgage solutions, comprehensive asset management tools, and an educational section with in-depth guides. Tools FortyTwo Round Strategic Amount / Investors LBankLong, Hash Ventures FortyTwo is a Cosmos Portfolio View Platform that allows users to clearly see the breakdown of their Cosmos holdings. Users can can connect one or a bundle of wallets. Tornado Blast Round Strategic Amount / Investors Atka Capital Tornado Blast is a Blast L2-native bot to trade and snipe tokens. User can earn $BLAST, $TRNDO & revenue share reward SocialFi Beoble Round Seed Amount $5M Investors Hashkey Capital, DWF Labs… Beoble is a communication infrastructure and ecosystem that allows users to chat between wallets. Its product includes a web-based chat app, as well as a toolkit that allows Dapps to integrate. Others HackQuest Round Pre-Seed Amount $1.1M Investors HashKey Capital HackQuest is the gateway to the Web3 development world, providing a comprehensive, one-stop educational infrastructure that minimizes friction and helps onboard developers and nondevelopers to the world of Web3. TruePNL Round M&A Amount / Investors Gate.io Labs, Magic Square.. TruePNL is a multi-chain launchpad that connects blockchain projects and crypto investors, providing a convenient, transparent, and secure mechanism for raising capital, investing, and distributing tokens. The platform enables cryptocurrency projects to raise funds by creating token exchange pools and launching public or private sale rounds using smart contracts on the Ethereum and Binance Smart Chain networks. Superfluid Round Strategic Amount $5.1M Investors Fabric Ventures, Multicoin Capital… Superfluid is a Web3 streaming payments protocol for handling subscriptions, salaries, rewards, or any other composable stream of value on a per-second basis. Its core feature is "streaming" payments, where money flows from one address to another in real-time, based on programmable logic and a single on-chain transaction. Silencio Round Pre-seed Amount $1M Investors Borderless Capital, Moonrock Capital Silencio is a global network that measure noise pollution. User will get rewarded for measuring noise pollution with phone. CeFi Januar Round Seed Plus Amount $12M Investors CMT Digital Januar is a European payment gate for crypto companies. Innovative EU crypto companies use Januar's payment account solutions to accept payments and send payouts while maintaining full compliance and stable business operations.

The Crypto Investment Weekly Recap for Feb 19 - Feb 25

Restaking is a new cryptoeconomic security primitive introduced by the team. This novel mechanism offers based on between validators and protocols, addressing the longstanding issue of fragmented security in the Web3 ecosystem. For stakers, validators, and users like you, restaking offers an opportunity to earn additional staking rewards while simultaneously helping to secure more protocols and networks by staking your ETH. EigenLayer pooled security free market governance Currently, EigenLayer’s offers 2 options: application Users can restake their LSTs (stETH/rETH/cbETH) with EigenLayer (via its smart contracts), receiving additional staking rewards in return. Validators can natively restake their staked ETH by setting their beacon chain withdrawal credentials to EigenLayer smart contracts, receiving additional staking rewards in return. Validators can opt into their preferred actively validated system (AVS) modules built on EigenLayer. Why Restaking? Our forefather, Bitcoin, presented (and still presents) a technology with superb security. However, its monolithic structure makes it difficult for dApps to build on it. This led to the advent of Ethereum and the Ethereum Virtual Machine (EVM) ecosystem, where dApps could begin to build on Ethereum while leveraging the network’s underlying security, not needing to establish their own systems of trust. This way, developers could focus on innovating rather than focusing on ensuring security. All good? Us vs. Them Not quite… This was good for EVM-compatible protocol, but increased the gap between EVM and non-EVM compatible systems. The latter cannot utilize Ethereum’s inherent security, instead requiring its own AVS). This means that they have to establish their own network of validators for security, which requires significant capital and effort. This applies not only to alternative consensus protocols and new virtual machines (VMs), but also data availability (DA) layers, oracle networks, bridges, and trusted execution environments (TEEs) — all of which are important players in the wider Web3 ecosystem. Fragmented Security This leads to fragmented security across the Web3 ecosystem because each AVS has its own set of validators and operators. Not being able to rely on Ethereum’s robust foundation of security makes these independent and smaller systems more susceptible to attacks. Security pushed to these AVS also results in value leakage, where in an ideal scenario, they could add to Ethereum’s security (will be explained below). Having to bootstrap and maintain security by establishing their own set of validators also comes at a high cost, increasing the barriers to entry for many new teams trying to enter and innovate in the space, stifling growth and potential for new ideas. EigenLayer’s restaking solves fragmented security Commoditizing decentralized trust, Restaking offers “renting” of pooled security where AVS protocols can be secured by restaked ETH instead of their own native tokens, and developers will not need to use up resources to create their own trust system. On the other hand, stakers and validators are incentivized to offer this restaking service to the AVS ecosystem because additional staking rewards can be earned from securing these protocols. An Open Marketplace for Decentralized Security The market of pooled security is dictated by supply and demand of validators and AVS/protocols. Among the AVS modules built on EigenLayer, validators can choose which ones offer sufficient incentivization to allocate their staked ETH. On the other hand, participating AVS protocols can decide the amount of pooled security they want by adjusting the extent of slashing and rewards. Free market governance is thus achieved through EigenLayer’s opt-in mechanism. Some Technicalities Rehypothecation of ETH on Ethereum’s consensus layer is achieved via EigenLayer’s restaking smart contracts, packaged as an opt-in feature. Users can grant EigenLayer the rights on their LSTs to be restaked on AVS protocols. In the process, EigenLayer and AVS protocols will enforce additional slashing procedures, on top of Ethereum’s slashing mechanism, to prevent malicious validator activity that could harm the dApps/AVS building with EigenLayer. Validators are rewarded with more revenue upon agreeing to increased slashing risks. Adding to the Global Security Layer that is Ethereum The restaking mechanism routes staking returns back into Ethereum validator staking pools, increasing the stake size and compounding staking rewards. This helps to increase network security since validators are disincentivised to act maliciously with increased validator pool amounts. In turn, more validators will be keen on participating in securing Ethereum, further decentralising the network and reinforcing network security. Some Risks Involved Apart from the usual smart contract, protocol, counterparty, and slashing risks, one of the major concerns raised by significant KOLs in the space includes the possibility of overloading Ethereum’s consensus and security mechanism, as mentioned in a by Vitalik. He emphasised that we should preserve Ethereum’s minimalism, specifically mentioning restaking as a use case to look out for. EigenLayer founder Kannan (previously Twitter), assuring that his views are aligned with Vitalik: “don’t build complex financial primitives on restaking — they can spiral out”. post responded on X Restaking Now and in the Near Future EigenLayer’s (which I urge you to read for a more comprehensive understanding on the technicalities of restaking) outlines 4 methods of restaking, falling under the categories of native restaking, liquid restaking, and superfluid staking, where the latter is not yet available. whitepaper validators restake their staked ETH natively into EigenLayer smart contracts. Native Restaking (direct restaking): validators restake their LSTs, obtained from staking ETH in other protocols such as Lido (stETH) and Rocket Pool (rETH), into EigenLayer smart contracts. LST Restaking (liquid restaking): Reverses the order of liquid staking to allow direct restaking of LP tokens through core consensus protocol modifications: Superfluid Staking (not yet available): ETH LP restaking: validators stake LP tokens from a pair that includes ETH LST LP restaking: validators stake LP tokens from a pair that includes an LST (e.g., the LP token for stETH-ETH on Curve) An August confirms 12 early AVS projects participating in EigenLayer’s ecosystem, namely: blog post AltLayer Blockless Celo Drosera Espresso Systems EigenDA Hyperlane Lagrange Mantle Omni Network Polyhedra Witness Chain Another project with a similar solution is Restaking Cloud K2 by Blockswap Network — it seems testnet is imminent: . In the realm of CT (or CX), a new restaking network has also surfaced, see: https://restaking.cloud/ https://twitter.com/RioRestaking Security is one of the 3 components in the renowned Blockchain Trilemma, and without saying, is an important thing that we have to focus on our journey towards mass adoption. I foresee greater efforts and explorations to enhance Web3’s cryptoeconomic security system in the near future, whether through restaking or other novel innovations yet to be imagined. This non-sponsored article is for informational purposes and definitely should not be taken as a form of financial advice. Reach out to me to discuss about this article or any other Web3 topics! Say hi on X (twitter): https://twitter.com/0xxxxxin Also appears . here

After Liquid Staking, What's Next? Restaking

Sentiment Analysis using Deep Learning techniques with India Elections 2019 — A Case study

Sonic SVM has announced that its Web3 Applayer, Sonic X, has achieved a significant milestone of 1 million KYC-verified users on TikTok. This marks a pivotal moment in the adoption of Web3 technologies through mainstream social media platforms. Sonic X is the first Web3 Applayer to go live on TikTok, tapping into the platform's vast user base of 1 billion monthly active users. It enables TikTok users to engage with decentralized web applications and explore blockchain-powered games without leaving the app. The integration simplifies the user experience, making blockchain technology more accessible to a broader audience. "Achieving 1 million KYC-verified users is a testament to Sonic's dedication to bridging the gap between mainstream social media and Web3," said Chris Zhu, Co-founder and CEO of Sonic. "Sonic X was designed with accessibility and engagement in mind, and we're proud to have created an experience that brings the benefits of blockchain technology to a large, active audience on TikTok." Sonic X utilizes account abstraction to streamline the onboarding process for users who are new to cryptocurrency. A Solana wallet is automatically generated in the background, allowing users to log in with their TikTok accounts without the need to manage private keys or navigate complex blockchain interfaces. This approach lowers barriers to entry and encourages more users to participate in the decentralized web. The Applayer features an aggregation page for Web3 games, an interactive leaderboard for its flagship tap-to-earn game, and a task page where users can complete activities for rewards. These tools have contributed to substantial user growth by providing engaging content and incentivizing participation. Sonic has also announced the first game to launch on Sonic X, further expanding its offerings within the TikTok ecosystem. This milestone reinforces Sonic SVM's commitment to innovation and user engagement. By integrating Web3 functionalities into a familiar platform like TikTok, Sonic is paving the way for broader adoption of decentralized technologies. The company plans to enhance the Applayer's capabilities further and integrate additional applications to empower users in the Web3 space. Sonic's approach positions it as a leader in both Web3 gaming and social media engagement. By focusing on user-friendly solutions and leveraging the reach of TikTok, Sonic is making significant strides in bringing blockchain technology to the mainstream. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Sonic SVM has announced that its Web3 Applayer, Sonic X, has achieved a significant milestone of 1 million KYC-verified users on TikTok. This marks a pivotal moment in the adoption of Web3 technologies through mainstream social media platforms. Sonic X is the first Web3 Applayer to go live on TikTok, tapping into the platform's vast user base of 1 billion monthly active users. It enables TikTok users to engage with decentralized web applications and explore blockchain-powered games without leaving the app. The integration simplifies the user experience, making blockchain technology more accessible to a broader audience. announced "Achieving 1 million KYC-verified users is a testament to Sonic's dedication to bridging the gap between mainstream social media and Web3," said Chris Zhu, Co-founder and CEO of Sonic. "Sonic X was designed with accessibility and engagement in mind, and we're proud to have created an experience that brings the benefits of blockchain technology to a large, active audience on TikTok." Sonic X utilizes account abstraction to streamline the onboarding process for users who are new to cryptocurrency. A Solana wallet is automatically generated in the background, allowing users to log in with their TikTok accounts without the need to manage private keys or navigate complex blockchain interfaces. This approach lowers barriers to entry and encourages more users to participate in the decentralized web. The Applayer features an aggregation page for Web3 games, an interactive leaderboard for its flagship tap-to-earn game, and a task page where users can complete activities for rewards. These tools have contributed to substantial user growth by providing engaging content and incentivizing participation. Sonic has also announced the first game to launch on Sonic X, further expanding its offerings within the TikTok ecosystem. This milestone reinforces Sonic SVM's commitment to innovation and user engagement. By integrating Web3 functionalities into a familiar platform like TikTok, Sonic is paving the way for broader adoption of decentralized technologies. The company plans to enhance the Applayer's capabilities further and integrate additional applications to empower users in the Web3 space. Sonic's approach positions it as a leader in both Web3 gaming and social media engagement. By focusing on user-friendly solutions and leveraging the reach of TikTok, Sonic is making significant strides in bringing blockchain technology to the mainstream. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: business blogging program business blogging program

Sonic SVM Reaches 1 Million Verified Users on TikTok with Web3 Applayer Sonic X

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