Digit7

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Startups of The Year 2023 Winners: North America 

In this exclusive interview, Twin Protocol CEO Stacey Engle shares insights on combining AI and blockchain technology for digital twin solutions. She discusses the platform's development strategy, privacy measures, and vision for democratizing access to digital twin technology through the TWIN token ecosystem. Ishan Pandey: Hi Stacey Engle, welcome to our 'Behind the Startup' series. Twin Protocol sits at the intersection of AI and blockchain technology. What inspired you to combine these technologies for digital twin solutions? Stacey Engle: The inspiration to combine AI and blockchain for Twin Protocol came from recognizing the transformative potential of these technologies, and our amazing team that has the capability to bring them to life. I've spent my career helping people unlock their potential, and after advising multiple AI and blockchain leaders and companies, it was clear that combining the technologies was a true differentiator here. Twin Protocol's mission is to better the world through knowledge and wisdom sharing. We see this as a new horizon in interpersonal communication, personal legacy, and organizational continuity, where your AI twin becomes a real time participant in your life versus merely a reflection. This leap in humans communicating with AI and AIs communicating with other AIs is as transformative as the creation of the telephone and the internet. Ishan Pandey: You've been a strong advocate for ethical AI use. How does Twin Protocol balance innovation with responsible AI development, particularly in the context of digital twins? Stacey Engle: Twin Protocol balances innovation with responsible AI development by ensuring data integrity and user sovereignty. We use blockchain technology to provide immutable records of data usage, preventing unauthorized access, and ensuring transparency. Our AI Twins are used only with the user's explicit permission, safeguarding digital identities. We empower individuals and organizations to train digital twins in our AI and blockchain ecosystem, offering 24/7 access to mentorship and insights. Ishan Pandey: Data privacy is a crucial concern in both AI and blockchain. Could you explain Twin Protocol's approach to ensuring secure, private digital interactions while maintaining functionality? Stacey Engle: Twin Protocol prioritizes data privacy by implementing robust encryption standards, ensuring only authorized users can access or modify AI Twins. It leverages advanced blockchain technology to provide a decentralized, tamper-proof system where all transactions and interactions are securely recorded. The platform is designed to eliminate central points of failure, enhancing privacy and security. Users have control over their data, with the ability to revoke access at any time. Twin Protocol also adheres to strict privacy policies and ethical guidelines, fostering a safe, inclusive, and respectful digital environment. This comprehensive approach ensures secure, private digital interactions while maintaining functionality. Ishan Pandey: Your vision extends beyond technology to include digital education and accessibility. How does Twin Protocol's utility token ecosystem support these broader societal goals? Stacey Engle: Twin Protocol's utility token, TWIN, supports digital education and accessibility by enabling users to unlock advanced features and more storage for their AI Twins. It also facilitates secure transactions on our marketplace, making it easier to access personalized mentorship and consultation services. This tokenized ecosystem democratizes access to knowledge, fostering a culture of perpetual learning. It bridges generations of knowledge, turning data into a timeless contribution to the world's knowledge treasury. Thus, it aligns with our broader societal goals of promoting digital education and accessibility. Ishan Pandey: As a female leader in tech, you've been vocal about diversity and inclusivity. How do these values influence Twin Protocol's development and community-building strategies? Stacey Engle: Diversity and inclusivity are integral to Twin Protocol's ethos. We believe that everyone should have access to knowledge and the opportunity to contribute to collective wisdom. It is critical at this stage of technology development that people from all walks of life contribute to the training data as well as the implementation opportunities. We also encourage community involvement in our development process, fostering a diverse range of perspectives and ideas. This inclusive approach not only enriches our ecosystem but also aligns with our mission to empower individuals and organizations through our AI and blockchain ecosystem. Ishan Pandey: The digital twin space is rapidly evolving. What unique challenges have you encountered in creating personalized digital interactions, and how has Twin Protocol addressed them? Stacey Engle: Creating personalized digital interactions presents challenges like ensuring privacy, scalability, and legacy preservation. Twin Protocol addresses these by creating a digital twin that encapsulates user expertise, allowing real-time interactions in any language. It also ensures data safety and privacy, while preserving knowledge for perpetual accessibility, thus preventing legacy loss. Ishan Pandey: Looking ahead, Stacey Engle, what developments in AI and blockchain excite you the most, and how is Twin Protocol positioning itself to embrace these future opportunities while maintaining its ethical stance? Stacey Engle: The convergence of AI and blockchain in creating secure, personalized digital interactions excites me. Twin Protocol is positioning itself by decentralizing the network, enhancing privacy, and fostering a community-driven environment. We're democratizing access to technology and information, encouraging innovation, and making advanced AI and blockchain benefits simple and fun. We want everyone to participate in a way that supports and feels good. We are forging partnerships every day to easily bring tools and knowledge to the broader public. Ishan Pandey: Thank you for your time and insights, Stacey! 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 In this exclusive interview, Twin Protocol CEO Stacey Engle shares insights on combining AI and blockchain technology for digital twin solutions. She discusses the platform's development strategy, privacy measures, and vision for democratizing access to digital twin technology through the TWIN token ecosystem. Ishan Pandey: Hi Stacey Engle, welcome to our 'Behind the Startup' series. Twin Protocol sits at the intersection of AI and blockchain technology. What inspired you to combine these technologies for digital twin solutions? Ishan Pandey: Stacey Engle: The inspiration to combine AI and blockchain for Twin Protocol came from recognizing the transformative potential of these technologies, and our amazing team that has the capability to bring them to life. Stacey Engle: I've spent my career helping people unlock their potential, and after advising multiple AI and blockchain leaders and companies, it was clear that combining the technologies was a true differentiator here. Twin Protocol's mission is to better the world through knowledge and wisdom sharing. We see this as a new horizon in interpersonal communication, personal legacy, and organizational continuity, where your AI twin becomes a real time participant in your life versus merely a reflection. This leap in humans communicating with AI and AIs communicating with other AIs is as transformative as the creation of the telephone and the internet. Ishan Pandey: You've been a strong advocate for ethical AI use. How does Twin Protocol balance innovation with responsible AI development, particularly in the context of digital twins? Ishan Pandey: Stacey Engle: Twin Protocol balances innovation with responsible AI development by ensuring data integrity and user sovereignty. We use blockchain technology to provide immutable records of data usage, preventing unauthorized access, and ensuring transparency. Our AI Twins are used only with the user's explicit permission, safeguarding digital identities. We empower individuals and organizations to train digital twins in our AI and blockchain ecosystem, offering 24/7 access to mentorship and insights. Stacey Engle: Ishan Pandey: Data privacy is a crucial concern in both AI and blockchain. Could you explain Twin Protocol's approach to ensuring secure, private digital interactions while maintaining functionality? Ishan Pandey: Stacey Engle: Twin Protocol prioritizes data privacy by implementing robust encryption standards, ensuring only authorized users can access or modify AI Twins. It leverages advanced blockchain technology to provide a decentralized, tamper-proof system where all transactions and interactions are securely recorded. The platform is designed to eliminate central points of failure, enhancing privacy and security. Users have control over their data, with the ability to revoke access at any time. Twin Protocol also adheres to strict privacy policies and ethical guidelines, fostering a safe, inclusive, and respectful digital environment. This comprehensive approach ensures secure, private digital interactions while maintaining functionality. Stacey Engle: Ishan Pandey: Your vision extends beyond technology to include digital education and accessibility. How does Twin Protocol's utility token ecosystem support these broader societal goals? Ishan Pandey: Stacey Engle: Twin Protocol's utility token, TWIN, supports digital education and accessibility by enabling users to unlock advanced features and more storage for their AI Twins. It also facilitates secure transactions on our marketplace, making it easier to access personalized mentorship and consultation services. This tokenized ecosystem democratizes access to knowledge, fostering a culture of perpetual learning. It bridges generations of knowledge, turning data into a timeless contribution to the world's knowledge treasury. Thus, it aligns with our broader societal goals of promoting digital education and accessibility. Stacey Engle: Ishan Pandey: As a female leader in tech, you've been vocal about diversity and inclusivity. How do these values influence Twin Protocol's development and community-building strategies? Ishan Pandey: Stacey Engle: Diversity and inclusivity are integral to Twin Protocol's ethos. We believe that everyone should have access to knowledge and the opportunity to contribute to collective wisdom. It is critical at this stage of technology development that people from all walks of life contribute to the training data as well as the implementation opportunities. Stacey Engle: We also encourage community involvement in our development process, fostering a diverse range of perspectives and ideas. This inclusive approach not only enriches our ecosystem but also aligns with our mission to empower individuals and organizations through our AI and blockchain ecosystem. Ishan Pandey: The digital twin space is rapidly evolving. What unique challenges have you encountered in creating personalized digital interactions, and how has Twin Protocol addressed them? Ishan Pandey: Stacey Engle: Creating personalized digital interactions presents challenges like ensuring privacy, scalability, and legacy preservation. Twin Protocol addresses these by creating a digital twin that encapsulates user expertise, allowing real-time interactions in any language. It also ensures data safety and privacy, while preserving knowledge for perpetual accessibility, thus preventing legacy loss. Stacey Engle: Ishan Pandey: Looking ahead, Stacey Engle, what developments in AI and blockchain excite you the most, and how is Twin Protocol positioning itself to embrace these future opportunities while maintaining its ethical stance? Ishan Pandey: Stacey Engle: The convergence of AI and blockchain in creating secure, personalized digital interactions excites me. Twin Protocol is positioning itself by decentralizing the network, enhancing privacy, and fostering a community-driven environment. We're democratizing access to technology and information, encouraging innovation, and making advanced AI and blockchain benefits simple and fun. Stacey Engle: We want everyone to participate in a way that supports and feels good. We are forging partnerships every day to easily bring tools and knowledge to the broader public. Ishan Pandey: Thank you for your time and insights, Stacey! Ishan Pandey: 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

Twin Protocol CEO Stacey Engle on Building AI Digital Twins with Blockchain Technology

Gamification and the future of culture. Memecoins are cryptocurrency tokens inspired by internet memes. By now, you’ve probably heard of $DOGE coin, the first-ever memecoin launched in 2013 as a joke about Bitcoin. Billy Markus, the co-creator of Doge, sold his holdings for a modest $10,000. Today, the market cap of DOGE is $52 billion. If Billy had held onto his DOGE coins, they’d be worth almost $20 million today. Dare I say, memecoins are here to stay. There are probably hundreds of thousands of unique memecoins in existence today — some have gone to zero, others are dormant, some are still in flux, and a few are seeing steady growth. I have done freelance work in the crypto industry since 2018, but I never fully ventured into memecoins. I thought Bitcoin, a more established cryptocurrency, was volatile enough. When you’re just getting used to the concept of volatile markets and digital, invisible money, diving into something even less established, more volatile, and based on a meme seemed reckless. Why invest in a joke? At the time, it all seemed shady. It took me a few years to truly understand the appeal of memecoins. The surge in Bitcoin that followed Donald Trump’s win in the 2024 presidential election gave me perspective. BTC hit $67,000 on November 5th, 2024. After Trump, a self-proclaimed pro-Bitcoin president, was declared the winner, the price shot up over 39%, currently sitting at $94,000. This is an insane amount of growth — a new all-time high for Bitcoin. As the crypto surge unfolded, I noticed that memecoins were surging alongside Bitcoin. Google trends for crypto-related searches were going up, and people were claiming massive 300x returns on memecoin investments — truly life-changing money. The prices of these alternative coins are incredibly volatile. For example, take $PNUT, which is based on an internet-famous squirrel that was confiscated and euthanized by the New York government. Its price has shot up 1692% since November 4th, after Elon Musk tweeted about the late squirrel, saying, “America was saved by a squirrel and a meme coin!” Of course, the tweet boosted the price even further. I decided to buy some Solana since many memecoins use the Solana blockchain due to its fast transaction speeds. Hundreds of coins are created every minute on the Solana ecosystem. You can easily and quickly send and receive Solana to buy many popular and rising memecoins. I traded, made some money, and lost some too. But I learned something that, perhaps, many already in the trenches of memecoin trading have long known: there is an insane amount of money to be made very quickly with memecoins — along with a ton of risk. Trading these tokens so quickly, tokens that are so widely volatile, is essentially a game. It’s a competition between those with insider knowledge, those without, the holders with the most assets, chart analysts who can buy or sell at the right time, those with proper exit strategies, those using bots and AI to immediately purchase new tokens upon launch, and those who can tell which memes are here to stay and which are fleeting. Memecoin trading is, at its core, about trading memetic culture. To me, this is the future of gaming and finance — an intersection that will be the bedrock of Web3, the future of the internet. Blockchain technology allows for instant transactions and trading of digital assets. This opens up the possibility for the auctioning and trading of in-game assets. I believe that Artificial intelligence will serve as the automation layer to facilitate the development of assets and process transactions. AI will make scouting for tradable items intelligent and efficient — essentially gamifying economics. Gaming will be the activity, AI will be the processing mechanism, and together they will bridge the gap to massive cryptocurrency adoption. In the future, assets and money will be tokenized, and blockchain will facilitate the movement of massive amounts of data, making NFTs more accessible. Gaming is key because people already collect digital assets in video games. If these in-game assets could be traded for currency or used to bid on other tangible and digital items, we’d see a more rapid flow of money throughout the industry and some incredible “gamer to investor” stories. What we’re seeing now are the foundational elements of a world similar to Ready Player One (2018), where the line between the digital and real world is blurred. The world is increasingly gamified. What will this mean for the future? How will people understand culture when trading culture is the future? This is not financial advice, but I urge you to research memecoins and cryptocurrency. The world is being digitized as we speak. I believe the players need to invest and the investors need to play. Is it crazy that we may be witnessing a collision of the serious and the unserious, the comedy meme and the business world? Could this explain the relaxed attire of business moguls due to the influence of tech industry CEOs? Will high fashion and sartorial works be that of memes? Will everything of timelessness become a meme? Is becoming meme the mummification of great ideas? Editor’s note: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high prices volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article. #DYOR Gamification and the future of culture. Memecoins are cryptocurrency tokens inspired by internet memes. By now, you’ve probably heard of $DOGE coin, the first-ever memecoin launched in 2013 as a joke about Bitcoin. Billy Markus, the co-creator of Doge, sold his holdings for a modest $10,000. Today, the market cap of DOGE is $52 billion. If Billy had held onto his DOGE coins, they’d be worth almost $20 million today. $DOGE Dare I say, memecoins are here to stay. There are probably hundreds of thousands of unique memecoins in existence today — some have gone to zero, others are dormant, some are still in flux, and a few are seeing steady growth. I have done freelance work in the crypto industry since 2018, but I never fully ventured into memecoins. I thought Bitcoin, a more established cryptocurrency, was volatile enough. When you’re just getting used to the concept of volatile markets and digital, invisible money, diving into something even less established, more volatile, and based on a meme seemed reckless. Why invest in a joke? At the time, it all seemed shady. It took me a few years to truly understand the appeal of memecoins. The surge in Bitcoin that followed Donald Trump’s win in the 2024 presidential election gave me perspective. BTC hit $67,000 on November 5th, 2024. After Trump, a self-proclaimed pro-Bitcoin president, was declared the winner, the price shot up over 39%, currently sitting at $94,000. This is an insane amount of growth — a new all-time high for Bitcoin. As the crypto surge unfolded, I noticed that memecoins were surging alongside Bitcoin. Google trends for crypto-related searches were going up, and people were claiming massive 300x returns on memecoin investments — truly life-changing money. The prices of these alternative coins are incredibly volatile. For example, take $PNUT , which is based on an internet-famous squirrel that was confiscated and euthanized by the New York government. Its price has shot up 1692% since November 4th, after Elon Musk tweeted about the late squirrel, saying, “America was saved by a squirrel and a meme coin!” Of course, the tweet boosted the price even further. $PNUT I decided to buy some Solana since many memecoins use the Solana blockchain due to its fast transaction speeds. Hundreds of coins are created every minute on the Solana ecosystem. You can easily and quickly send and receive Solana to buy many popular and rising memecoins. I traded, made some money, and lost some too. But I learned something that, perhaps, many already in the trenches of memecoin trading have long known: there is an insane amount of money to be made very quickly with memecoins — along with a ton of risk. Trading these tokens so quickly, tokens that are so widely volatile, is essentially a game. It’s a competition between those with insider knowledge, those without, the holders with the most assets, chart analysts who can buy or sell at the right time, those with proper exit strategies, those using bots and AI to immediately purchase new tokens upon launch, and those who can tell which memes are here to stay and which are fleeting. Memecoin trading is, at its core, about trading memetic culture. To me, this is the future of gaming and finance — an intersection that will be the bedrock of Web3, the future of the internet. Blockchain technology allows for instant transactions and trading of digital assets. This opens up the possibility for the auctioning and trading of in-game assets. I believe that Artificial intelligence will serve as the automation layer to facilitate the development of assets and process transactions. AI will make scouting for tradable items intelligent and efficient — essentially gamifying economics. Gaming will be the activity, AI will be the processing mechanism, and together they will bridge the gap to massive cryptocurrency adoption. In the future, assets and money will be tokenized, and blockchain will facilitate the movement of massive amounts of data, making NFTs more accessible. Gaming is key because people already collect digital assets in video games. If these in-game assets could be traded for currency or used to bid on other tangible and digital items, we’d see a more rapid flow of money throughout the industry and some incredible “gamer to investor” stories. What we’re seeing now are the foundational elements of a world similar to Ready Player One (2018), where the line between the digital and real world is blurred. The world is increasingly gamified. What will this mean for the future? How will people understand culture when trading culture is the future? Ready Player One This is not financial advice, but I urge you to research memecoins and cryptocurrency. The world is being digitized as we speak. I believe the players need to invest and the investors need to play. Is it crazy that we may be witnessing a collision of the serious and the unserious, the comedy meme and the business world? Could this explain the relaxed attire of business moguls due to the influence of tech industry CEOs? Will high fashion and sartorial works be that of memes? Will everything of timelessness become a meme? Is becoming meme the mummification of great ideas? Editor’s note: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high prices volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article. #DYOR Editor’s note: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high prices volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article. #DYOR Editor’s note: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies are speculative, complex, and involve high risks. This can mean high prices volatility and potential loss of your initial investment. You should consider your financial situation, investment purposes, and consult with a financial advisor before making any investment decisions. The HackerNoon editorial team has only verified the story for grammatical accuracy and does not endorse or guarantee the accuracy, reliability, or completeness of the information stated in this article. #DYOR

Memecoins May Be Giving Birth to a Future Where The Lines Between Digital and Real Are Blurred

Grand Cayman, Cayman Islands, November 20th, 2024/Chainwire/--FDUSD becomes the second native stablecoin on Sui following USDC’s landmark deployment in early October. Sui, the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, and First Digital Labs, the creator of one of the world’s largest stablecoins, FDUSD, today announced that FDUSD is live on Sui. FDUSD is the second multi-billion dollar market cap stablecoin to natively integrate with Sui in recent months, strengthening FDUSD’s position as a versatile and interoperable stablecoin while enhancing Sui’s burgeoning DeFi ecosystem where TVL is over $1.5B. With this integration, FDUSD’s multi-chain compatibility now extends to Sui, providing a genuinely interoperable stablecoin capable of driving DeFi applications across countless additional platforms. By leveraging Sui’s high-performance network combined with its own powerful architecture, FDUSD enables breakthrough use cases that enhance speed and efficiency in data transfers and other on-chain operations. Additionally, integrating protocols such as NAVI and Cetus and leveraging Sui’s native liquidity layer, DeepBook, will fuel the development of new applications, further expanding FDUSD’s utility within the DeFi landscape. “We are thrilled to launch FDUSD on Sui and look forward to the new possibilities this integration brings,” said Vincent Chok, Founder and CEO of First Digital. “By leveraging Sui’s unique object-centric design, FDUSD gains access to ultra-fast transaction speeds, low fees, and unmatched scalability. Today’s deployment augments FDUSD’s multi-chain compatibility and strengthens on-chain liquidity in what is already a thriving DeFi ecosystem, paving the way for even more innovation on Sui." “Sui’s DeFi ecosystem continues to surge, recently surpassing $1 billion in TVL and consistently ranking among the top networks in transaction volume,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation. “The addition of FDUSD, one of the industry’s leading stablecoins, will further accelerate this growth, unlocking new and impactful use cases for both users and developers across the ecosystem.” Sui’s blockchain, designed for unprecedented scalability and composability, is an ideal platform for stablecoins like FDUSD, which are fully backed by cash and cash equivalents. The network’s object-centric model, powered by the Move programming language, enables parallel transaction execution and rich composability, providing developers with the tools to build powerful decentralized applications (dApps) that maximize efficiency. Contact Sui Foundation This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here Grand Cayman, Cayman Islands, November 20th, 2024/Chainwire/--FDUSD becomes the second native stablecoin on Sui following USDC’s landmark deployment in early October. Sui , the Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling, and First Digital Labs , the creator of one of the world’s largest stablecoins, FDUSD, today announced that FDUSD is live on Sui. Sui Sui First Digital Labs First Digital Labs FDUSD is the second multi-billion dollar market cap stablecoin to natively integrate with Sui in recent months, strengthening FDUSD’s position as a versatile and interoperable stablecoin while enhancing Sui’s burgeoning DeFi ecosystem where TVL is over $1.5B. With this integration, FDUSD’s multi-chain compatibility now extends to Sui, providing a genuinely interoperable stablecoin capable of driving DeFi applications across countless additional platforms. By leveraging Sui’s high-performance network combined with its own powerful architecture, FDUSD enables breakthrough use cases that enhance speed and efficiency in data transfers and other on-chain operations. Additionally, integrating protocols such as NAVI and Cetus and leveraging Sui’s native liquidity layer, DeepBook, will fuel the development of new applications, further expanding FDUSD’s utility within the DeFi landscape. “We are thrilled to launch FDUSD on Sui and look forward to the new possibilities this integration brings,” said Vincent Chok, Founder and CEO of First Digital. “We are thrilled to launch FDUSD on Sui and look forward to the new possibilities this integration brings,” said Vincent Chok, Founder and CEO of First Digital. “By leveraging Sui’s unique object-centric design, FDUSD gains access to ultra-fast transaction speeds, low fees, and unmatched scalability. Today’s deployment augments FDUSD’s multi-chain compatibility and strengthens on-chain liquidity in what is already a thriving DeFi ecosystem, paving the way for even more innovation on Sui." “By leveraging Sui’s unique object-centric design, FDUSD gains access to ultra-fast transaction speeds, low fees, and unmatched scalability. Today’s deployment augments FDUSD’s multi-chain compatibility and strengthens on-chain liquidity in what is already a thriving DeFi ecosystem, paving the way for even more innovation on Sui." “Sui’s DeFi ecosystem continues to surge, recently surpassing $1 billion in TVL and consistently ranking among the top networks in transaction volume,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation. “Sui’s DeFi ecosystem continues to surge, recently surpassing $1 billion in TVL and consistently ranking among the top networks in transaction volume,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation. “The addition of FDUSD, one of the industry’s leading stablecoins, will further accelerate this growth, unlocking new and impactful use cases for both users and developers across the ecosystem.” “The addition of FDUSD, one of the industry’s leading stablecoins, will further accelerate this growth, unlocking new and impactful use cases for both users and developers across the ecosystem.” Sui’s blockchain, designed for unprecedented scalability and composability, is an ideal platform for stablecoins like FDUSD, which are fully backed by cash and cash equivalents. The network’s object-centric model, powered by the Move programming language, enables parallel transaction execution and rich composability, providing developers with the tools to build powerful decentralized applications (dApps) that maximize efficiency. Contact Sui Foundation This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

First Digital’s FDUSD Stablecoin Is Officially Live On Sui

La stablecoin FDUSD de First Digital ya está disponible oficialmente en Sui

O FDUSD Stablecoin de First Digital está oficialmente en directo en Sui

FDUSD stablecoin tvrtke First Digital službeno je dostupan na Suiju

FDUSD Stablecoin First Digital la ap viv ofisyèlman sou Sui

First Digital-ի FDUSD Stablecoin-ը պաշտոնապես գործում է Sui-ում

ファーストデジタルのFDUSDステーブルコインがSuiで正式にリリース

First Digital-ის FDUSD Stablecoin ოფიციალურად გამოდის Sui-ზე

First Digital’s FDUSD Stablecoin Ezali Officiellement En Vivre Na Sui

Pele Digital ’s FDUSD Stablecoin E Phela Semmušo Ka Sui

A Stablecoin FDUSD da First Digital está oficialmente ativa no Sui

FDUSD Stablecoin i First Digital është zyrtarisht Live në Sui

I-First Digital ye-FDUSD Stablecoin iphila ngokusemthethweni kwi-Sui

From Resistance to Resilience: Change Management for First-timers in Digital Transformation

A recent report, Furthering Digital Assets 2024: Pioneering Insurance Solutions for the Web3 Era, highlights a substantial coverage gap in digital asset insurance, revealing that only 3% of digital assets are currently insured. This gap leaves billions at risk, with an estimated $19 billion in losses from fraud and security breaches since 2011. The report emphasizes significant incidents that illustrate the vulnerability in the sector. These include a $650 million breach at Ronin in March 2022 and a $614 million loss from PolyNetwork in August 2021. As investments in digital assets increase, so does the call for comprehensive risk management solutions, particularly from institutional stakeholders. With more than 90% of crypto hedge funds expressing a desire for mandatory insurance on exchange-based assets and around 40% of institutional investors now holding cryptocurrency, the demand for tailored insurance products is clear. Further Ventures, the report’s creator, points to a growing interest from institutions seeking ways to protect their digital assets through robust insurance policies. The report also sheds light on recent regulatory responses. The Hong Kong Monetary Authority (HKMA), for example, has set mandates for digital asset custodians, requiring 50% insurance coverage on cold storage and 100% on hot wallets. Despite these initiatives, high premiums remain a challenge, with average rates around 0.5%-5% for custody insurance and 5-10% for slashing events and Directors & Officers (D&O) policies. According to the report, addressing the insurance gap in the digital assets industry will likely require innovation in policy structure, more accessible premium rates, and a regulatory environment that supports the development of effective, comprehensive solutions. As the sector evolves, insurance options may play a critical role in fostering institutional confidence and broader adoption of digital assets. This article is published under HackerNoon’s Business Blogging program. Do your own research before making any financial decisions. A recent report, Furthering Digital Assets 2024: Pioneering Insurance Solutions for the Web3 Era , highlights a substantial coverage gap in digital asset insurance, revealing that only 3% of digital assets are currently insured. This gap leaves billions at risk, with an estimated $19 billion in losses from fraud and security breaches since 2011. Furthering Digital Assets 2024: Pioneering Insurance Solutions for the Web3 Era Furthering Digital Assets 2024: Pioneering Insurance Solutions for the Web3 Era Furthering Digital Assets 2024: Pioneering Insurance Solutions for the Web3 Era The report emphasizes significant incidents that illustrate the vulnerability in the sector. These include a $650 million breach at Ronin in March 2022 and a $614 million loss from PolyNetwork in August 2021. As investments in digital assets increase, so does the call for comprehensive risk management solutions, particularly from institutional stakeholders. With more than 90% of crypto hedge funds expressing a desire for mandatory insurance on exchange-based assets and around 40% of institutional investors now holding cryptocurrency, the demand for tailored insurance products is clear. Further Ventures, the report’s creator, points to a growing interest from institutions seeking ways to protect their digital assets through robust insurance policies. The report also sheds light on recent regulatory responses. The Hong Kong Monetary Authority (HKMA), for example, has set mandates for digital asset custodians, requiring 50% insurance coverage on cold storage and 100% on hot wallets. Despite these initiatives, high premiums remain a challenge, with average rates around 0.5%-5% for custody insurance and 5-10% for slashing events and Directors & Officers (D&O) policies. According to the report, addressing the insurance gap in the digital assets industry will likely require innovation in policy structure, more accessible premium rates, and a regulatory environment that supports the development of effective, comprehensive solutions. As the sector evolves, insurance options may play a critical role in fostering institutional confidence and broader adoption of digital assets. This article is published under HackerNoon’s Business Blogging program. Do your own research before making any financial decisions. This article is published under HackerNoon’s Business Blogging program. Do your own research before making any financial decisions. Business Blogging

Digital Asset Insurance Crisis: $19 Billion Coverage Gap Identified in New Report

Digitale bateversekeringskrisis: $19 miljard dekkinggaping geïdentifiseer in nuwe verslag

أزمة تأمين الأصول الرقمية: فجوة تغطية بقيمة 19 مليار دولار تم تحديدها في تقرير جديد

Crisis de Seguro de Activos Digitales: 19 waranqa waranqa waranqa dolaranakaw machaq yatiyäwinx uñt’ayasi

Rəqəmsal Aktiv Sığorta Böhranı: Yeni Hesabatda 19 Milyar Dollar Əhatə Boşluğu Müəyyən edilib

Κρίση ασφάλισης ψηφιακών περιουσιακών στοιχείων: Εντοπίστηκε κενό κάλυψης 19 δισεκατομμυρίων δολαρίων στη νέα έκθεση

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Skaitmeninio turto draudimo krizė: naujoje ataskaitoje nustatytas 19 milijardų dolerių padengimo trūkumas

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Kriza e sigurimit të aseteve dixhitale: Hendeku i mbulimit prej 19 miliardë dollarësh i identifikuar në raportin e ri

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The TechBeat: Bitcoin Lightning Network: Is This the Fix for Digital Cash? (11/15/2024)

Digital Marketing Retainers Have Dissolved Into Wallet Joke For Agencies

BlackRock has launched its USD Institutional Digital Liquidity Fund (BUIDL) on the Avalanche blockchain through digital asset firm Securitize, marking a significant move in the tokenization of traditional financial assets. The $510 million fund, which represents one BUIDL token per share, targets a stable value of $1 per token and distributes daily dividends directly to investors' digital wallets. The fund invests exclusively in cash, U.S. Treasury bills, and repurchase agreements. This expansion makes BUIDL the largest tokenized treasury fund globally. The fund requires a minimum investment of $5 million and operates under SEC regulation 506(c), maintaining exemption from investment company status through Section 3(c)(7) of the Investment Company Act. John Wu, President at Ava Labs, noted that tokenization could enhance market access and utility. The fund offers features distinct from traditional financial instruments, including instant settlement, peer-to-peer transfers, and improved collateral mobility. The launch follows several institutional initiatives on Avalanche, including projects by J.P. Morgan, Citi, Wellington, KKR, and Franklin Templeton. The network's appeal stems from its technical capabilities, including EVM compatibility, rapid transaction completion, and low fees. Carlos Domingo, CEO of Securitize, emphasized the company's ongoing partnership with Avalanche in tokenizing real-world assets. Notably, BlackRock maintains a strategic investment in Securitize, with Joseph Chalom, BlackRock's Global Head of Strategic Ecosystem Partnerships, serving on Securitize's board. The fund structure includes compensation arrangements between the Investment Manager and Securitize Markets, consisting of an upfront fee and quarterly payments based on the average daily net asset value of investors introduced through Securitize Markets. While the fund aims for a stable $1 value per token, investments carry risks including regulatory uncertainty, market adoption challenges, and potential price volatility. The blockchain-based nature of these tokens presents additional considerations compared to traditional assets. This development represents a continuing trend of traditional financial institutions exploring blockchain technology for asset tokenization, though success will depend on market adoption and regulatory clarity in the evolving digital asset landscape. 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 BlackRock has launched its USD Institutional Digital Liquidity Fund (BUIDL) on the Avalanche blockchain through digital asset firm Securitize, marking a significant move in the tokenization of traditional financial assets. The $510 million fund, which represents one BUIDL token per share, targets a stable value of $1 per token and distributes daily dividends directly to investors' digital wallets. The fund invests exclusively in cash, U.S. Treasury bills, and repurchase agreements. This expansion makes BUIDL the largest tokenized treasury fund globally. The fund requires a minimum investment of $5 million and operates under SEC regulation 506(c), maintaining exemption from investment company status through Section 3(c)(7) of the Investment Company Act. John Wu, President at Ava Labs, noted that tokenization could enhance market access and utility. The fund offers features distinct from traditional financial instruments, including instant settlement, peer-to-peer transfers, and improved collateral mobility. The launch follows several institutional initiatives on Avalanche, including projects by J.P. Morgan, Citi, Wellington, KKR, and Franklin Templeton. The network's appeal stems from its technical capabilities, including EVM compatibility, rapid transaction completion, and low fees. Carlos Domingo, CEO of Securitize, emphasized the company's ongoing partnership with Avalanche in tokenizing real-world assets. Notably, BlackRock maintains a strategic investment in Securitize, with Joseph Chalom, BlackRock's Global Head of Strategic Ecosystem Partnerships, serving on Securitize's board. The fund structure includes compensation arrangements between the Investment Manager and Securitize Markets, consisting of an upfront fee and quarterly payments based on the average daily net asset value of investors introduced through Securitize Markets. While the fund aims for a stable $1 value per token, investments carry risks including regulatory uncertainty, market adoption challenges, and potential price volatility. The blockchain-based nature of these tokens presents additional considerations compared to traditional assets. This development represents a continuing trend of traditional financial institutions exploring blockchain technology for asset tokenization, though success will depend on market adoption and regulatory clarity in the evolving digital asset landscape. 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

BlackRock Expands Digital Fund to Avalanche Network

In a major leap for Web3 technology, Rocket has teamed up with M3 DAO, MetaMars, and VooPay to build a transformative alliance focused on reshaping the digital economy. This coalition combines a diverse range of expertise and resources, setting a new precedent for a cohesive, user-centered ecosystem in the Web3 space. By uniting, the four companies aim to accelerate innovation, enhance user experiences, and create a seamless integration of blockchain capabilities. The alliance draws parallels to successful collaborations like those of Ethereum, Chainlink, and Aave. Each contributes distinct capabilities: Ethereum offers a robust foundational blockchain, Chainlink provides reliable oracles, and Aave enables decentralized finance (DeFi) lending and borrowing. This synergy has fueled the growth of over $75 billion in Total Value Locked (TVL) across DeFi platforms, proving the power of collaborative efforts. Building a Unified Ecosystem in Web3 Historically, the Web3 landscape has been fragmented, with individual projects struggling to gain traction independently. Each member of this alliance has made strides in their respective fields: M3 DAO has advanced in decentralized autonomous organization (DAO) governance, MetaMars has pioneered metaverse development, and VooPay has broken new ground in cryptocurrency payment solutions. Their shared vision centers on a unified Web3 ecosystem, where users, developers, and project teams are interconnected, fostering rapid and collaborative growth. M3 DAO, known for its community-governed digital ecosystems, integrates the metaverse, Layer 2 blockchain solutions, and digital asset management. MetaMars empowers users within a Mars-themed metaverse, while VooPay revolutionizes Web3 payments, bridging the gap with traditional financial systems. Recognizing the need for cooperative innovation, Rocket joined forces with these pioneers to create an ecosystem that enhances accessibility, interactivity, and value for users. Powering Growth Through Collective Strengths Rocket, M3 DAO, MetaMars, and VooPay aim to replicate the success of previous influential collaborations by combining their unique strengths. As an IDO launchpad, Rocket enables early-stage projects to secure funding and gain visibility. M3 DAO's extensive community of over 100,000 members facilitates widespread engagement and support for new initiatives. MetaMars enhances the user experience with interactive metaverse features and NFT trading, while VooPay provides seamless crypto payments, making digital transactions more accessible to the masses. Together, they are not just individual projects but part of a powerful Web3 ecosystem that aims to enhance each project’s value through synergy. By collaborating, they reach wider audiences, elevate user engagement, and maximize their community benefits. This partnership not only advances the Web3 landscape but also offers significant value to individual users, enabling them to engage more deeply in decentralized technologies. Upcoming Initiatives: Innovation and Expansion Rocket, M3 DAO, MetaMars, and VooPay have outlined an exciting roadmap that promises to energize the Web3 community. Among their planned initiatives are fundraising campaigns backed by M3 DAO’s large community, immersive virtual launch events with MetaMars, and streamlined payment solutions through VooPay, simplifying access to IDOs and cryptocurrency transactions. Through exclusive perks, including priority access to new offerings and unique NFT rewards, they aim to build excitement and loyalty within their community. Collaborative marketing efforts will amplify their reach, fostering a vibrant ecosystem that continuously evolves. These initiatives are expected to drive significant growth, benefiting users and partners alike as they push forward into a more connected Web3 future. Meet the Players Rocket: An all-in-one launchpad for blockchain projects, Rocket provides a streamlined platform for project incubation and funding. Focused on IDO support, Rocket also offers financial assistance, operational guidance, and technical resources for blockchain entrepreneurs, fostering the next generation of Web3 innovations. M3 DAO: Combining the metaverse, Layer 2 blockchain, and asset management, M3 DAO empowers users with a community-governed, interconnected Web3 experience. Its MarsVerse metaverse, MarsChain blockchain, and MarsProtocol finance suite offer a holistic approach to decentralized engagement and investment. MetaMars: A Mars-inspired Web3 metaverse platform, MetaMars allows users to buy virtual land, participate in GameFi, socialize in a Mars colony, and engage in NFT transactions, creating an interactive, immersive experience within the growing metaverse ecosystem. VooPay: Designed for Web3, VooPay offers streamlined payment solutions for cryptocurrency users. Its multi-functional platform supports various crypto transactions, bridging the divide between Web2 and Web3 with a focus on security, efficiency, and user accessibility. This strategic alliance marks a significant step toward a unified and accessible Web3 future, where users can seamlessly navigate and benefit from an integrated digital economy. Through innovation and collaboration, Rocket, M3 DAO, MetaMars, and VooPay are charting a course for a transformative era in Web3. Via Website: https://www.rocketpad.me/ X: https://x.com/Rocket_IDO Telegram: http://t.me/Rocket_launchpad_global This story was distributed under HackerNoon’s Business Blogging Program. Learn more about the program here. In a major leap for Web3 technology, Rocket has teamed up with M3 DAO, MetaMars, and VooPay to build a transformative alliance focused on reshaping the digital economy. This coalition combines a diverse range of expertise and resources, setting a new precedent for a cohesive, user-centered ecosystem in the Web3 space. By uniting, the four companies aim to accelerate innovation, enhance user experiences, and create a seamless integration of blockchain capabilities. Rocket Rocket The alliance draws parallels to successful collaborations like those of Ethereum, Chainlink, and Aave. Each contributes distinct capabilities: Ethereum offers a robust foundational blockchain, Chainlink provides reliable oracles, and Aave enables decentralized finance (DeFi) lending and borrowing. This synergy has fueled the growth of over $75 billion in Total Value Locked (TVL) across DeFi platforms, proving the power of collaborative efforts. Building a Unified Ecosystem in Web3 Historically, the Web3 landscape has been fragmented, with individual projects struggling to gain traction independently. Each member of this alliance has made strides in their respective fields: M3 DAO has advanced in decentralized autonomous organization (DAO) governance, MetaMars has pioneered metaverse development, and VooPay has broken new ground in cryptocurrency payment solutions. Their shared vision centers on a unified Web3 ecosystem, where users, developers, and project teams are interconnected, fostering rapid and collaborative growth. M3 DAO M3 DAO M3 DAO, known for its community-governed digital ecosystems, integrates the metaverse, Layer 2 blockchain solutions, and digital asset management. MetaMars empowers users within a Mars-themed metaverse, while VooPay revolutionizes Web3 payments, bridging the gap with traditional financial systems. Recognizing the need for cooperative innovation, Rocket joined forces with these pioneers to create an ecosystem that enhances accessibility, interactivity, and value for users. Powering Growth Through Collective Strengths Powering Growth Through Collective Strengths Rocket, M3 DAO, MetaMars, and VooPay aim to replicate the success of previous influential collaborations by combining their unique strengths. As an IDO launchpad, Rocket enables early-stage projects to secure funding and gain visibility. M3 DAO's extensive community of over 100,000 members facilitates widespread engagement and support for new initiatives. MetaMars enhances the user experience with interactive metaverse features and NFT trading, while VooPay provides seamless crypto payments, making digital transactions more accessible to the masses. Together, they are not just individual projects but part of a powerful Web3 ecosystem that aims to enhance each project’s value through synergy. By collaborating, they reach wider audiences, elevate user engagement, and maximize their community benefits. This partnership not only advances the Web3 landscape but also offers significant value to individual users, enabling them to engage more deeply in decentralized technologies. Upcoming Initiatives: Innovation and Expansion Upcoming Initiatives: Innovation and Expansion Rocket, M3 DAO, MetaMars , and VooPay have outlined an exciting roadmap that promises to energize the Web3 community. Among their planned initiatives are fundraising campaigns backed by M3 DAO’s large community, immersive virtual launch events with MetaMars, and streamlined payment solutions through VooPay, simplifying access to IDOs and cryptocurrency transactions. MetaMars MetaMars Through exclusive perks, including priority access to new offerings and unique NFT rewards, they aim to build excitement and loyalty within their community. Collaborative marketing efforts will amplify their reach, fostering a vibrant ecosystem that continuously evolves. These initiatives are expected to drive significant growth, benefiting users and partners alike as they push forward into a more connected Web3 future. Meet the Players Rocket : An all-in-one launchpad for blockchain projects, Rocket provides a streamlined platform for project incubation and funding. Focused on IDO support, Rocket also offers financial assistance, operational guidance, and technical resources for blockchain entrepreneurs, fostering the next generation of Web3 innovations. Rocket M3 DAO : Combining the metaverse, Layer 2 blockchain, and asset management, M3 DAO empowers users with a community-governed, interconnected Web3 experience. Its MarsVerse metaverse, MarsChain blockchain, and MarsProtocol finance suite offer a holistic approach to decentralized engagement and investment. M3 DAO MetaMars : A Mars-inspired Web3 metaverse platform, MetaMars allows users to buy virtual land, participate in GameFi, socialize in a Mars colony, and engage in NFT transactions, creating an interactive, immersive experience within the growing metaverse ecosystem. MetaMars VooPay : Designed for Web3, VooPay offers streamlined payment solutions for cryptocurrency users. Its multi-functional platform supports various crypto transactions, bridging the divide between Web2 and Web3 with a focus on security, efficiency, and user accessibility. VooPay VooPay VooPay This strategic alliance marks a significant step toward a unified and accessible Web3 future, where users can seamlessly navigate and benefit from an integrated digital economy. Through innovation and collaboration, Rocket, M3 DAO, MetaMars, and VooPay are charting a course for a transformative era in Web3. Via Website: https://www.rocketpad.me/ https://www.rocketpad.me/ X: https://x.com/Rocket_IDO https://x.com/Rocket_IDO Telegram: http://t.me/Rocket_launchpad_global http://t.me/Rocket_launchpad_global This story was distributed under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed under HackerNoon’s Business Blogging Program. Learn more about the program here . here

Forging a Future in Web3: M3 DAO, MetaMars, VooPay, and Rocket Team Up for a New Digital Era

Web3-də Gələcəyin qurulması: M3 DAO, MetaMars, VooPay və Yeni Rəqəmsal Era üçün Roket Komandası

Forjando un futuro en la Web3: M3 DAO, MetaMars, VooPay y Rocket se unen para una nueva era digital

Jövő kovácsolása a Web3-ban: az M3 DAO, a MetaMars, a VooPay és a Rocket csapata egy új digitális korszakért

Կերտեք ապագա Web3-ում. M3 DAO, MetaMars, VooPay և Rocket Թիմը նոր թվային դարաշրջանի համար

Web3 の未来を築く: M3 DAO、MetaMars、VooPay、Rocket が新たなデジタル時代に向けて提携

Web3-те болашақты құру: M3 DAO, MetaMars, VooPay және жаңа цифрлық дәуірге арналған зымыран тобы

Famoronana hoavy ao amin'ny Web3: M3 DAO, MetaMars, VooPay, ary Ekipa Rocket ho amin'ny vanim-potoana nomerika vaovao

Menempa Masa Depan dalam Web3: M3 DAO, MetaMars, VooPay dan Rocket Team Up for a New Digital Era

Web3 kaqpi hamuq pachata forjay: M3 DAO, MetaMars, VooPay, chaymanta Rocket Musuq Digital pachapaq hukllanakunku

Formimi i një të ardhmeje në Web3: M3 DAO, MetaMars, VooPay dhe Rocket Bashkohen për një epokë të re dixhitale

Web3 இல் எதிர்காலத்தை உருவாக்குதல்: M3 DAO, MetaMars, VooPay மற்றும் ராக்கெட் டீம் அப் புதிய டிஜிட்டல் சகாப்தம்

Tạo dựng tương lai trong Web3: M3 DAO, MetaMars, VooPay và Rocket hợp tác cho kỷ nguyên số mới

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