LayerZero

layerzero

Masa Network's Groundbreaking Integration with LayerZero In a time when data is the new gold, the quest for ways to preserve personal information while simultaneously improving its utility in the quickly developing artificial intelligence business has led in the development of unique solutions, at a rapid speed! This is because the industry is seeing tremendous expansion. As a result of the announcement of a strategic collaboration with LayerZero, Masa Network has emerged as a potential competitor among these, so establishing a distinct territory within the ecosystem of blockchain technology and artificial intelligence. By combining the cutting-edge encryption technology of Masa Network with the powerful data processing capabilities of LayerZero, this cooperation promises to bring about a novel approach to the protection and utilisation of personal data. As a result of the integration of these two strong platforms, users are now able to take advantage of the benefits of increased privacy and security without having to sacrifice the effectiveness and speed with which data is processed. This partnership, which is an important step towards shaping the future, will have a significant impact on personal data management in the digital era. As Masa Network establishes a connection with LayerZero in order to fuel its cross-chain AI Data Network, the implications for data privacy, the development of artificial intelligence, and blockchain technology are profound and far-reaching. A Closer Look at Masa and LayerZero's Integration With the upcoming launch of the MASA token and Network Mainnet, Masa wants to redefine data ownership. Users' digital footprints and social graphs are encrypted and stored in Zero-Knowledge Soulbound Tokens (zkSBTs) data lockers, empowering individuals to share and monetize their data securely - this model not only enhances privacy but also fuels the decentralized AI economy! Users earning MASA tokens as their data powers AI developments! Calenthia Mei, Co-founder of Masa, encapsulates this vision, stating, "Masa is thrilled to be integrating with LayerZero Labs, which has become the industry standard for interoperability. Masa wants to empower users to own, share, and earn from their data, no matter which blockchain network their data is on. With LayerZero’s support, we are excited to be cross-chain and interoperable from the very beginning.” The Impact and Future Prospects While Masa Network is getting ready to debut, it is indisputable that it has the ability to shake up the existing data and artificial intelligence landscapes. With more than 1.4 million distinct wallets and more than 37 million proprietary data points, Masa is at the forefront of providing individualised training data that prioritises clients' privacy. Using this treasure trove, developers may train artificial intelligence models, which will allow them to create services that are both personalised and inventive while maintaining data privacy. Simon Baksys, VP of Business Development at LayerZero, reflects on the collaboration's significance: "We are excited to collaborate with Masa to enhance privacy and innovation in AI development. The integration of LayerZero infrastructure with Masa's ecosystem will enable accelerated development of personalized AI applications while ensuring user data remains private and secure.” Masa Network and LayerZero are not only building a platform, but also the plans for how personal data will be used and protected in the future. We are on the verge of a new era in data protection and use. The road ahead will bring not only new technologies, but also new ideas about who owns data, privacy, and AI's hidden potential. The Market and Emerging Trends An unprecedented amount of personal data has been accumulated as a result of the advent of the digital era, which has raised worries over privacy and the monopolisation of information by large technology companies. During the same time period, the sectors of artificial intelligence (AI) and blockchain are both enjoying significant development, where for the purpose of training more complicated artificial intelligence models, developers are asking for access to vast datasets that are in compliance with established privacy standards. Masa Network's attempts to develop an interoperable network that spans different blockchains in order to create an artificial intelligence data marketplace serve as a timely fix for these difficulties. A marketplace for artificial intelligence data is being created. Masa makes sure that communication is constant across a variety of different blockchain platforms by using the interoperability protocol that LayerZero created. The Ethereum and Binance Smart Chain platforms are among these platforms, and there are plans to extend to include Polygon, Base, Celo, and other sites that are relevant to the cryptocurrency industry. Don’t forget to like and share the story! This author is an independent contributor publishing via our brand-as-author program. Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure:

Masa Network Revolutionizes AI with LayerZero: A New Era for Personal Data

নেটওয়ার্ক লেয়ারজিরোর সাথে এআইকে বিপ্লব করে: ব্যক্তিগত ডেটার জন্য একটি নতুন যুগ

Netzwerk revolutioniert KI mit LayerZero: Eine neue Ära für persönliche Daten

Network revoluciona la IA con LayerZero: una nueva era para los datos personales

Network révolutionne l'IA avec LayerZero : une nouvelle ère pour les données personnelles

नेटवर्क ने लेयरज़ीरो के साथ एआई में क्रांति ला दी: व्यक्तिगत डेटा के लिए एक नया युग

ネットワークが LayerZero で AI に革命を起こす: 個人データの新時代

네트워크는 LayerZero를 통해 AI를 혁신합니다: 개인 데이터의 새로운 시대

Network revoluciona IA com LayerZero: uma nova era para dados pessoais

Сеть совершает революцию в искусственном интеллекте с помощью LayerZero: новая эра для персональных данных

Ağ, LayerZero ile Yapay Zekada Devrim Yaratıyor: Kişisel Verilerde Yeni Bir Çağ

Mạng cách mạng hóa AI với LayerZero: Kỷ nguyên mới cho dữ liệu cá nhân

网络利用 LayerZero 彻底改变人工智能：个人数据的新时代

I've been neck-deep in the cross-chain tech scene, and something's been bugging me. Everyone's buzzing about , backed by a whopping $293.3M and valued at $3B (crazy!). But are we getting blindsided by the hype and missing the real gems in decentralization? LayerZero Let's break it down: LayerZero's Decentralization Claims: LayerZero's got the tech chops and the , no doubt. But when you dig deeper, their decentralization claims seem a bit shaky. With such massive funding, I can't help but wonder if we're cheering for a centralized giant dressed in decentralized clothing. investor backing Concerns About Layer Zero: I came across some concerning points about Layer Zero. For starters, their security model allows for potential manipulation if a bad actor gains control over the Oracle and Relayer configuration. Plus, monitoring all applications built on Layer Zero for security policy changes is a Herculean task. This , where each app defines its security, seems less robust compared to shared security models like rollups. isolated security model Underrepresented Layer Zero Competitors That Make the Difference There's this underdog, . Hackernoon some months ago. EYWA Protocol covered their tech It is not as flashy or cashed-up as Layer Zero, but their approach to decentralization's got some real street cred... They're boasting a solid setup with 120+ validators in PoA and a whopping 700+ in PoS (Roll-DPos Consensus). Furthermore, EYWA's cross-chain data transfer protocol is designed to minimize trust assumptions, thereby reducing the vulnerability to manipulation or control by any single entity. That's not just tech talk; it's a serious commitment to decentralization and security. All this with 60 times less VC funding compared to Layer Zero! Now, let’s cover another contender: . Axelar Network This player in the cross-chain game is turning heads with its decentralized bridge network, which is like a breath of fresh air in the interoperability space. Unlike Layer Zero, which leans on Oracles and Relayers, Axelar's decentralized approach is more about keeping things tight and secure across a wider range of blockchains. It's like comparing a Swiss Army knife to a single-blade pocket knife – Axelar brings more tools to the table. What really sets Axelar apart is its use of . Think of it as a high-tech lock where the key is split among several validators. You need enough of them to agree to unlock a transaction, making it way harder for any bad actors to mess things up. threshold signature schemes This method is slicker and safer than the usual multi-sig setups, reducing the chances of security breaches. Plus, with a larger pool of validators, Axelar dilutes the risk and makes it tougher for attackers to target specific validators. It's like having a security team spread across the globe, each member holding a piece of the puzzle. How many other underrepresented competitors with better tech solutions are there under the media radar? In the high-stakes game of blockchain innovation, it's easy to get dazzled by the big names and their even bigger funding rounds. But are we, as a community, missing out on the real essence of decentralization and innovation by focusing too much on the glitz? Don’t forget one small fact: Sequoia Capital , Binance Labs, Coinbase Ventures, and many other so-called “tier-1 VCs” . The 2 largest crashes in recent crypto history. backed FTX backed Terra Luna And it doesn’t change the trend: we still see the biggest players teaming up to back the same startups, while smaller VC funds and retail investors blindly follow their investments without questioning the status quo. All this creates a snowball that can easily fall again if we don’t change the trajectory and start looking at the tech aspects, not just the glowing shine. Projects like EYWA, which is still a rising star in its seed stage, and Axelar Network, which got picked by after its Series B funding, are challenging the status quo. They're proving that sometimes, true innovation doesn't just come from deep pockets but from a deep commitment to the core principles of blockchain technology. Mastercard It's high time we shine a light on these under-the-radar projects that are pushing the boundaries of what's possible in DeFi. Let's not just chase the hype; Let's get real about where the true innovation in DeFi is happening. PS: initially, I tried to start this discussion in Reddit’s r/defi, but they deleted it without any notice. Even though I followed all the rules, removed the links, etc. This made me think that Reddit has become so censored these days that if you got used to critical thinking, factual checking, and thoughtful discussions, you may get bored fast there. Discloser:

LayerZero's Hype Train: A Deeper Look Into DeFi's Cross-Chain Tech

LayerZero, a decentralized cloud platform for Web3, has raised an impressive $120 million in funding, reaching a $3 billion valuation and earning the prestigious "Unicorn" status. This has drawn the crypto community's attention to the various protocols within the LayerZero ecosystem. , our cutting-edge DeFi platform, is built on LayerZero. Interport Finance We offer seamless interchain and single-chain transactions, providing optimal trading rates through integrated Meta DEX aggregation and, by avoiding unnecessary bridging of assets across chains. What does Interport enable users to do? Consistently finds the best execution price on the chain Executes cross-chain swaps in a single transaction, e.g., 10 ETH on Ethereum to 19,000 USDT on Arbitrum (or any other tokens) Facilitates easy arbitrage between networks Addresses interchain liquidity issues effectively Provides a better and faster solution than regular bridges Distinguishing Interport's Advantages and Innovations We do not use traditional bridging methods like intermediary chains, burn and mint processes, wrapping, or lock and unlock mechanisms. Instead, we leverage LayerZero & Multichain technology to minimize traditional bridging disadvantages, offering users a seamless experience when swapping assets between different chains. Exploring Interport's Key Features We utilize LayerZero's cross-chain messaging with Stablecoin Vault, effectively eliminating the need for traditional bridges. Additionally, we integrate Meta DEX Aggregation to optimize trading rates by pooling liquidity from top DEXes and aggregators. Cross-chain messaging allows for the transfer of data and swap commands across chains without the physical transfer of assets, streamlining interchain swaps without relying on intermediary chains, wrapped assets, or other bridging methods that often come with added fees and potential security risks. The supplies liquidity in stablecoins for all supported chains. When a user initiates an interchain swap, our smart contracts swap assets for stablecoins on the source chain and add them to the liquidity pool. Stablecoin Vault Concurrently, a . The contract on the destination chain then accesses stablecoins from the Interport liquidity pool, performs swaps, and sends the desired tokens to the user on the target chain. cross-chain call is made to the contract on the destination chain with execution parameters By employing LayerZero & Multichain cross-chain messaging, the Stablecoin Vault, and Meta DEX Aggregation, we ensure a smooth and efficient user experience, minimizing the need for complex bridging processes and eliminating associated risks and fees.

Interchain Transactions Powered By LayerZero Made Possible By Interport Finance

Transacciones entre cadenas impulsadas por LayerZero posibles gracias a Interport Finance

Transactions interchaînes alimentées par LayerZero rendues possibles par Interport Finance

लेयरजीरो द्वारा संचालित इंटरचैन लेनदेन इंटरपोर्ट फाइनेंस द्वारा संभव बनाया गया

Interport Finance によって可能になった LayerZero によるインターチェーン トランザクション

Transações intercadeias alimentadas por LayerZero possibilitadas pela Interport Finance

Giao dịch liên chuỗi được hỗ trợ bởi LayerZero Có thể thực hiện được nhờ Interport Finance

Interport Finance 使由 LayerZero 提供支持的链间交易成为可能

Interoperability in blockchain technology refers to the ability of different blockchain networks to seamlessly communicate, collaborate, and exchange information or value with one another. The blockchain faces a trilemma problem which is to ensure that , and are achieved simultaneously. But this is easier said than done. While many newer chains claim that they have solved the trilemma problem, it still remains to be proven. Only 2 out of the above-mentioned 3 aspects have been achieved by all the chains. Security Decentralization Scalability That is the reason there are lots of new Blockchains coming up every now and then solving a niche problem faced by previous existing chains. Hence, many different types of dApps are built on different chains leading to the fragmentation of resources and assets across chains. Also, transactions have always been a single-chain concept. This makes it more than ever, the need to have an interoperability infrastructure that makes it possible to transfer assets cross-chain. And these infrastructure/protocol needs to work in a trustless manner to ensure they uphold the very foundation that the web3 technology is built. In this article, we will be looking at one such project working on interoperability called LayerZero. #WhatTheFork is LayerZero? LayerZero started out as a stealth startup and describes itself as an interoperability protocol that uses a low-level messaging system to enable cross-chain transactions. omni-chain LayerZero sets itself apart from other bridges by mentioning that it relies on simple messaging, unlike other bridges which use lock and withdrawal mechanisms (which will be explained in the later part of this article). At the time of writing this article, LayerZero has raised about $120M in its series B round, hitting a valuation of $3B. Their investors include giants like Multicoin Capital, Binance Labs, A16z, FTX (lol), Sequoia, Coinbase, Gemini, PayPal, Uniswap and many others. LayerZero announced their beta launch at around mid-March 2022 with 7 EVM chain integrations — Ethereum, Avalanche, Polygon, BNB Chain, Fantom, Arbitrum and Optimism. By Sept 2022, LayerZero supported 11 chains including Swimmer, DFK, Harmony, and Moonbeam. Since we have set the context for What is and the Importance of Interoperability, let’s look at how LayerZero achieves this differently from other bridges. How do exchange bridges function? Creation of a representation of the asset: When a user wants to move an asset from one chain to another, the bridge creates a representation of the original asset on the target blockchain. This representation is often referred to as a “wrapped” or “pegged” token. Locking of the original asset: To ensure the total supply of the asset remains unchanged, the original asset is locked or put into a smart contract on the source blockchain. This ensures that the asset cannot be accessed or spent while it is being used on the target blockchain. Verification and confirmation: The bridge uses a combination of validators or nodes to come to a consensus, so as to verify and confirm transactions between the two blockchains. These validators are responsible for ensuring that the transactions are valid and secure. Minting of the wrapped asset: Once the original asset is locked and the transaction is confirmed, the bridge mints the wrapped or pegged token on the target blockchain. This token represents the original asset and can be used within the target blockchain ecosystem. Redeeming the original asset: When a user wants to move the asset back to the source blockchain, the wrapped or pegged token is burned or destroyed on the target blockchain. The bridge then unlocks the original asset on the source blockchain, making it available for the user to access or spend once again. The intermediate consensus layer as described in step 3, though usually implemented in a secure manner, does require the user to trust a side chain to facilitate the token transfer. Also, there are unnecessary overheads in the form of wrapped tokens which then have to be swapped for the actual tokens the user wants to use. This solution is cost heavy and if the consensus layer breaks for some reason, that can become the reason for a huge disaster. How does LayerZero work? Before diving into the depths, let’s take a look at the various components involved in making this whole thing work and then, a step by step guide on the entire transaction lifecycle. Components of LayerZero Endpoints Oracles Relayers Endpoints Endpoints are a collection of smart contracts Every chain has one endpoint implemented as a series of on-chain smart contracts An Endpoint’s purpose is to allow the user to send a message using the LayerZero protocol backend, guaranteeing valid delivery Endpoints are split into 4 modules: , & Communicator Validator Network These 3 modules make up the core functionality of LayerZero Endpoint. These modules act in a manner similar to a network stack, with messages sent down the stack on the sender side — to to and then up the stack on the recipient side. Communicator Validator Network Libraries LayerZero Endpoint can be extended via , which are auxiliary smart contracts that define how communication for a specific chain should be handled. Libraries Each chain in the LayerZero network has an associated , and each Endpoint includes a copy of every . Library Library Oracles An Oracle is a third-party service that can make off-chain data available on-chain. Here, Oracle provides a mechanism to read a block header from one chain and send it to another chain. Relayers The Relayer is an off-chain service that is similar in function to an Oracle, but instead of fetching block headers, it fetches the proof for a specified transaction. To ensure valid delivery of messages, the Oracle and Relayer must be independent of each other. The users can implement their own Relayer service and the Oracle is handled by Chainlink which is currently the industry leader. Architecture Let’s break the above architecture into multiple steps A User Application (UA) uses LayerZero’s reference and executes a transaction. The UA sends a request to LayerZero’s with information about the transaction, such as a transaction identifier, data to be transferred from A to B (payload), identifier pointing to the UA smart contract on Chain B (dst), etc. Relayer Communicator The sends this data in the form of a LayerZero Packet to the . Communicator Validator The sends the transaction identifier and the identifier for the smart contract on Chain B to the . As a result, the gets notified that the block header from Chain A needs to be sent to Chain B. Validator Network Network Summary of steps 1–3: A UA packages and transmits the data on Chain A to LayerZero’s endpoint on Chain A. 4. The forwards this information to the . As a result, the is notified to prefetch the transaction proof and send it to Chain B. Validator Relayer Relayer 5. The sends the identifier for the smart contract on Chain B along with the block ID of the transaction to the . As a result, the is notified to fetch the block header for the current block on Chain A and send it to Chain B. Network Oracle Oracle Summary of steps 4 & 5: LayerZero’s Endpoints on Chain A send the transaction’s information to LayerZero’s reference Relayer and block ID of the transaction to the Oracle. 6. The then obtains the block header from Chain A. Oracle 7. The receives the transaction proof from Chain A and stores it off-chain. Relayer Summary of steps 6 & 7: The Relayer and the Oracle receive the transaction proof and block header, respectively, from Chain A. 8. The waits for a certain number of block confirmations before confirming that the block has been successfully committed on Chain A. Post confirmation, the sends the block header to the on Chain B. Oracle Oracle Network 9. The sends the block hash to the Network Validator. 10. The forwards the block hash to the . Validator Relayer 11. The sends transactions that match the current block. Relayer 12. The ensures that the transaction is valid and committed by going through the transaction proof and the block headers stored by the . If the block header and transaction proof match, the transaction information is sent to the communicator in the form of a Validator Network Packet. 13. The emits the information (Packet) to the User Application on Chain B. Communicator Summary of steps 8–13: LayerZero’s Endpoint on Chain B obtains the information initiated by the UA on Chain A using the block header and emits it to the UA on Chain B. What’s in it for the users No more hassle of switching between multiple networks. Less the clicks, the better the UX. No need of executing multiple transactions and switching between tokens and their wrapped counterparts. Less money spent on transaction fees means more money to spend on other things. No need to trust any centralized systems or intermediary chains. Ease of transacting between chains and access to a very wide range of liquidity pools. What’s in it for the developers — User applications building with LayerZero simply needs to implement two functions — send and receive. Any of the supported chains can be integrated with constraints. Basically, the team over at LayerZero has taken the approach. Ease of Integration developer-first — LayerZero, as its name suggests, is a ground-level piece of infrastructure that can be utilized by liquidity networks, multi-chain yield aggregators, multi-chain lending protocols, and many other dApps to build out super interesting and uniquely multi-chain crypto use cases. Potential — LayerZero has built out its own explorer — , where cross-chain transactions are now tied together in a single database which allows users and developers to easily pull the state, status, and timing of transactions. LayerZero Scan LayerZero Scan To summarize The current experience of using bridges is not a pleasant one. LayerZero looks quite promising and if the developer and user experience turns out to be how they claimed, then it can be a game changer in bringing about mass adoption. That’s all for now folks.. Will be back with more articles in the #WhatTheFork series. Also being a web3 engineer by profession, I am planning to write developer guides on such topics, explaining in detail such protocols/products from an integration perspective. More of degen less of normies stuff. Find me on the web . here Also published . here

#WhatTheFork Is LayerZero

By Dan Keene, Chief Business Officer of Portal Cross-chain interoperability is the key to achieving the mass adoption of blockchain technology in any sector. Interoperability enables blockchain networks and protocols to , making it easier for everyday users to engage with blockchain technology. The rise of blockchain technology has led to the development of new blockchain networks that tackle specific niches within certain industries, each blockchain having specialized functions based on its purpose. communicate with each other However, there is no one perfect solution that will be able to meet all of the needs associated with blockchain technology all at once. Therefore, as more organizations become aware of both the challenges and possibilities, the interconnection of unique blockchains is becoming increasingly necessary. Blockchain interoperability refers to a wide variety of methods that enable many blockchains to communicate, share digital assets and data, and work together more effectively. This makes it possible for one blockchain network to share its economic activity with another. For example, interoperability allows transmitting data and assets across different blockchain networks via decentralized cross-chain bridges. One main consequence of this is , the pooling of small, inaccessible pockets of users and liquidity into a single, easy-to-access market. At Portal, we see this is a major step towards bringing mainstream audiences into Web3. More than that, our innovative tech stack, built with LayerZero, allows this interoperability to occur via infrastructure that is . By ensuring user peace of mind and ease of use, we maximize our chances of uptake in blockchain technology. defragmentation trustless the chances of mainstream adoption are significantly smaller unless interoperability issues begin to be resolved. Current processes like bridging or swapping tokens between chains entail significant user frictions; onboarding into Web3 is, at present, clunky and intimidating to prospective users, particularly when sending digital assets between networks. The bottom line: Let’s look at Gaming. Like many established Web2 industries at scale, gaming is currently largely centralized, with all related data stored on a server that is fully controlled by the game administrators. This means that players don’t have real ownership of their accounts and items, and centralized servers present many limitations and vulnerabilities. However, nascent blockchain technology can eliminate or mitigate most of these problems by enabling players to have permanent ownership and full control over their in-game assets. But what happens when players want to move their assets from one chain’s ecosystem to the next? Typically, this is done through clunky “bridging” or “swapping” processes, but these are the opposite: easy and user-friendly. These mechanisms are a world apart from contemporary mainstream payment solutions found in the likes of e-commerce and app stores. Next-gen Web3 solutions like the Portal Wallet allow users to seamlessly and securely move assets (such as currencies, in-game items, skins, and the like) between dApps on different blockchains, boosting trust and reducing friction. Only by solving these very practical considerations can we begin to talk about blockchain and Web3 gaming in terms of utility and possibility rather than processes and pain points. Blockchain interoperability can enable the creation of a unified gaming ecosystem useable by all. Portal is building one such ecosystem, an all-encompassing umbrella where value and users flow easily between walled gardens. The Portal Wallet’s seamless UX makes it the go-to entry point for prospective Web3 gamers, whilst the Portal Platform and Network will leverage world-class representation across entertainment to accelerate adoption by Web2 and 3 games alike. Blockchain-based games allow players to have full control over their in-game assets, which are represented by unique, non-fungible tokens (NFTs). These assets may include in-game cards, skins, equipment, and characters, and they can all be linked to blockchain tokens, which are maintained by a decentralized network. More broadly, blockchain’s ability to transparently record information and transfer assets allows users to capture a portion of the economic value created by gaming. Portal’s extensive entertainment and streaming network allows it to connect games and gamers, with native token $Portal efficiently flowing between all parties. Blockchain interoperability can also enable the creation of decentralized marketplaces, which can be used to trade in-game assets. This will allow for the creation of a more transparent and fair gaming economy, where players can trade their assets without the need for intermediaries, and most importantly, enable the creation of cross-game assets for , creating a much more immersive, enriched gaming experience that paves the way toward a fully realized industry. use across different games What else might then be possible? Once blockchain interoperability happens at scale, it will enable a wide range of products and services outside of gaming. At Portal, we’re constantly keeping an eye on possibilities not just in our own sector, but more broadly. The potential use cases that could emerge are, frankly, myriad, but some great examples are: Interoperability can enable the creation of a unified supply chain ecosystem that can be used by everyone. 1. Supply Chain Management: . This will allow for the seamless transfer of goods and services across different supply chains, making it easier for businesses to track their products and services from start to finish Imagine the reformation of a unified healthcare ecosystem that can be used by everyone. 2. Healthcare: . This will allow for the seamless transfer of medical records and other health-related data across different healthcare providers, making it easier for patients to access their medical records and receive better care Interoperability paves the way for a unified and democratized real estate ecosystem where it’s possible to . 3. Real Estate: seamlessly transfer property titles and other real estate-related data across different real estate providers, making it easier for people to buy and sell properties I’m ready for a world where you can transfer energy credits and other energy-related data across different energy providers, making it easier for people to access renewable energy sources and reduce their carbon footprint. 4. Energy: It’s clear that we stand at the precipice of mass adoption for the industry. Once interoperability is the order of the day, I believe we won’t say things like “Web3” anymore. We’ll just do our business and build great tech using the best infrastructure available, leaving the user to enjoy novel products and experiences as they please. Imagine that! ### About Dan Keene With a career grounded in traditional finance, Dan has 10+ years at the forefront of consumer tech. Named in Forbes’ 30U30 Europe list for 2021, he has spent the majority of his time founding, scaling, and selling companies across multiple sectors. Highlights include scaling one company to Unicorn status and raising $650m in investment for another; investors included the likes of Goldman Sachs and Softbank. Dan has been full-time in Web3 for the last 3 years and is bullish on the disruptive force that blockchain and digital assets can bring to all industries, particularly gaming. About Portal is the universal gaming ecosystem powered by $Portal. Through market-leading tech products and a world-class network, Portal is bringing blockchain gaming to mainstream audiences. It’s the crucial first step in their mission: to onboard the first billion gamers into Web3. The Portal Ecosystem is composed of multiple interconnected elements, each providing a unique value add for users: the universal gaming coin, Portal Platform, Wallet, and Network. With 180+ games integrated at launch, Portal is set to be the world’s access point to Web3 gaming. Portal Follow on X (Twitter) at https://twitter.com/Portalcoin Claim Portal Rewards via__ __ CrystalDash

Crosschain Interoperability: Soon, We Won’t Say “Web3”

In this guide, we will go through the process of creating a script in for making cross-chain swaps with Stargate. Also, we will cover the LazyerZero protocol that is used under the hood of Stargate, how to interact with smart contracts, and passing CLI arguments. Our final goal is to make a cross-chain swap from Fantom to Polygon through Stargate by calling the script. Typescript So, let’s dive in! About Stargate and LayerZero is an organization powered by the community, that is working towards building the initial fully composable native asset bridge, as well as the initial dApp constructed on LayerZero. The primary objective of Stargate is to enable the transfer of cross-chain liquidity as a seamless process that requires a single transaction. As stated in their , current cross-chain bridge solutions mint you their own wrapped version of an asset on the destination chain, not the native asset itself. Stargate whitepaper Stargate on the other hand is providing liquidity pools on different chains so you receive the native token on the destination chain, not some wrapped version. Hence, you won’t be in a situation when there is not enough liquidity on DEX to unwrap your token and don’t have to pay fees for unwrap as well. Actually, Stargate is the first dApp built on LayerZero. is an omnichain interoperability protocol that provides easy cross-chain messaging. This messaging mechanism is used for cross-chain swaps on Stargate. LayerZero Setting up Project Dependencies dontenv - for environmental variables handling ethers - for interaction with smart contracts minimist - This tiny tool will make it easier for us to handle CLI arguments, so we could set e.g. fromNetwork, toNetwork, token and amount straight from terminal when running a script. typechain - generating types for smart contracts ts-node - run Typescript Env Variables We will just store private key and slippage here. Slippage is set to 5, that means 0.5% actually. It is used for calculating minAmountOut for swap. DON'T FORGET to set private key before running script ABIs ABI (Application Binary Interface) - is an interface of smart contract that includes data about contract's events, functions etc. It allows us to interact with the smart contract. We'd need Router ABI and a basic ERC20 so we could send any token available through Stargate with our script! Here are the links to the Router’s official smart contract and to the Gist with ERC20 ABI, so you can grab ABIs from here: StargateRouter - https://etherscan.io/address/0x8731d54E9D02c286767d56ac03e8037C07e01e98#code ERC20 - https://gist.github.com/nfedosenko/ed8f2f4c229fd24422e35a8c6b6c8815 Coding script Generate types Create utility providers.ts Here we will define utility functions for initializing providers for different blockchains, store router addresses and any arbitrary data needed. I’ve put data in such kind of mappings for easy fetching needed data related to blockchain. It would be useful in the main script All of the addresses could be found here: https://stargateprotocol.gitbook.io/stargate/developers/contract-addresses/mainnet Create utility tokens.ts This utility will store data about tokens(address, decimals) on different blockchains so we could use it for swaps. Currently, it only has USDC but can be extended easily. We have to remember that Stargate supports specific list of tokens and paths available for cross chain swaps. Full list of paths could be found . here Main script Here is our final cross chain swap script! Firstly, we initialize so we would use environmental variables. dotenv Then we parse CLI arguments passed with the script: we would be able to specify , , , . fromNetwork toNetwork token amount We calculate based on the slippage percentage specified in . amountOutMin .env Next step is initializing providers for different chains and fetch fee data for source chain so we can set correctly. gasPrice Checking if wallet has enough balance and allowance for the Router contract. Script will throw error if it’s not enough balance and will approve needed amount if allowance is lower than needed. Now we are going to quote LayerZero fee data. We need to pass it when calling a cross chain swap. Finally, we are calling on the router contract, passing chainId, liquidity poolIds on each chain respectively swap Wait for confirmation and write URL to the transaction on the source chain to the terminal Testing Here are the logs from my terminal after running the script, works like a charm! It took about 5 mins for money to come from Fantom to Polygon. Also, you can see that I'm passing fromNetwork, toNetwork, token and amount as CLI args Conclusion All in all, we've set up a perfect infrastructure for running cross-chain swaps in Typescript with a brand new blockchain technology stack! In the next guide, I’m going to improve the script to store info about possible cross-chain paths and run swaps consequently from chain to chain. P.S. Full Code Github Repo Link

Making Cross Chain Swaps with Stargate in Typescript

The Internet Computer Protocol (ICP) team, a decentralised blockchain network noted for increasing Web3 capabilities, announced the addition of threshold-Schnorr signatures to the ICP framework. This major enhancement is anticipated to transform ICP into what many see as the Bitcoin layer zero. By incorporating these new cryptographic signatures, ICP smart contracts will be able to do a number of functions such as etching Runes, transferring BRC-20 tokens, and engaging in the growing sector of Bitcoin-based decentralised finance (DeFi) and Web3 applications. You can think of ICP as more than just a technical term for Bitcoin layer zero. It's a completely new idea that combines Bitcoin's security and liquidity without the need for centralised bridges. All of this is needed to make a decentralised environment that can support complex use cases like Bitcoin inscriptions and decentralised exchanges. It is believed that Threshold-Schnorr will be fully used this summer. This will completely change how smart contracts work with the Bitcoin network, which will be good for both users and developers. Expanding Horizons: ICP's Role as Bitcoin Layer Zero There are already a lot of new ideas being built into the ICP environment to take advantage of the many more possibilities it offers. Not only do projects like Omnity, ckBTC, Dopamine Finance, Bioniq, and Taler DAO make Bitcoin more helpful, they also make it possible for new apps and services to be made. This is an important change. Omnity is becoming known as an open omnichain communication protocol that doesn't need daemons running off-chain. Similarly, ckBTC offers fast, almost free, and non-custodial payments that are not held by the company. This shows that combining Bitcoin with ICP technology could work and be useful. There is a bright future ahead for software writers who want to learn more about Bitcoin through ICP. Over 300 developers are now working on Bitcoin-enabled open apps in many areas, including games, social media, cryptocurrency, and non-fungible coins. The options are endless. The DFINITY coder group is a good place for people who want to start working in this artistic field to get started. This site gives developers rewards and a lot of tools to help them lead and promote their projects. Aisling Connolly, a Senior Research Scientist at the DFINITY Foundation, enthuses about the impact of this integration: "It's super exciting to see the growth and variety of applications building the Bitcoin economy and opening up the Web3 space over the past year." Connolly highlights the practical solutions ICP offers for existing challenges in Bitcoin's ecosystem, emphasizing the enhanced functionality, speed, and security that threshold-Schnorr brings to Bitcoin interactions. The most recent changes to the Internet Computer Protocol are a big step towards a future in Web3 that is safe, open, and efficient. Blockchain technology is about to enter a new era. ICP's planned changes will not only make Bitcoin work better, but they will also make way for the next big thing in blockchain networks. As a tech expert, I find it exciting to see progress like this that not only offers real-world uses and answers but also delivers them. This moves the whole blockchain community forward. 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. The Internet Computer Protocol (ICP) team, a decentralised blockchain network noted for increasing Web3 capabilities, announced the addition of threshold-Schnorr signatures to the ICP framework. This major enhancement is anticipated to transform ICP into what many see as the Bitcoin layer zero. By incorporating these new cryptographic signatures, ICP smart contracts will be able to do a number of functions such as etching Runes, transferring BRC-20 tokens, and engaging in the growing sector of Bitcoin-based decentralised finance (DeFi) and Web3 applications. You can think of ICP as more than just a technical term for Bitcoin layer zero. It's a completely new idea that combines Bitcoin's security and liquidity without the need for centralised bridges. All of this is needed to make a decentralised environment that can support complex use cases like Bitcoin inscriptions and decentralised exchanges. It is believed that Threshold-Schnorr will be fully used this summer. This will completely change how smart contracts work with the Bitcoin network, which will be good for both users and developers. Expanding Horizons: ICP's Role as Bitcoin Layer Zero There are already a lot of new ideas being built into the ICP environment to take advantage of the many more possibilities it offers. Not only do projects like Omnity, ckBTC, Dopamine Finance, Bioniq, and Taler DAO make Bitcoin more helpful, they also make it possible for new apps and services to be made. This is an important change. Omnity is becoming known as an open omnichain communication protocol that doesn't need daemons running off-chain. Similarly, ckBTC offers fast, almost free, and non-custodial payments that are not held by the company. This shows that combining Bitcoin with ICP technology could work and be useful. There is a bright future ahead for software writers who want to learn more about Bitcoin through ICP. Over 300 developers are now working on Bitcoin-enabled open apps in many areas, including games, social media, cryptocurrency, and non-fungible coins. The options are endless. The DFINITY coder group is a good place for people who want to start working in this artistic field to get started. This site gives developers rewards and a lot of tools to help them lead and promote their projects. Aisling Connolly, a Senior Research Scientist at the DFINITY Foundation, enthuses about the impact of this integration: "It's super exciting to see the growth and variety of applications building the Bitcoin economy and opening up the Web3 space over the past year." Connolly highlights the practical solutions ICP offers for existing challenges in Bitcoin's ecosystem, emphasizing the enhanced functionality, speed, and security that threshold-Schnorr brings to Bitcoin interactions. The most recent changes to the Internet Computer Protocol are a big step towards a future in Web3 that is safe, open, and efficient. Blockchain technology is about to enter a new era. ICP's planned changes will not only make Bitcoin work better, but they will also make way for the next big thing in blockchain networks. As a tech expert, I find it exciting to see progress like this that not only offers real-world uses and answers but also delivers them. This moves the whole blockchain community forward. 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

ICP Unveils Game-Changing Integration to Transform Bitcoin into Layer Zero

ICP বিটকয়েনকে লেয়ার জিরোতে রূপান্তর করার জন্য গেম-চেঞ্জিং ইন্টিগ্রেশন উন্মোচন করেছে

ICP stellt bahnbrechende Integration vor, um Bitcoin in Layer Zero zu verwandeln

ICP presenta una integración innovadora para transformar Bitcoin en la capa cero

ICP dévoile une intégration révolutionnaire pour transformer Bitcoin en couche zéro

आईसीपी ने बिटकॉइन को लेयर जीरो में बदलने के लिए गेम-चेंजिंग एकीकरण का अनावरण किया

ICP、ビットコインをレイヤーゼロに変える画期的な統合を発表

ICP, 비트코인을 레이어 제로로 전환하기 위한 획기적인 통합 공개

ICP revela integração revolucionária para transformar Bitcoin em camada zero

ICP представляет революционную интеграцию для преобразования Биткойна в нулевой уровень

ICP, Bitcoin'i Sıfır Katmana Dönüştürmek için Oyunun Kurallarını Değiştiren Entegrasyonunu Açıkladı

ICP tiết lộ tích hợp thay đổi trò chơi để biến Bitcoin thành lớp 0

ICP 推出颠覆性集成技术，将比特币转变为零层

The Imperative for Layer 1 Protocols: Scaling and Cross-Chain Communication in the Age of Decentralization The demand for fast and scalable Layer 1 protocols that enable cross-chain communication has never been greater than it is now, given the explosive growth of the digital assets and blockchain ecosystem. As a cryptocurrency and blockchain specialist, I have witnessed personally how these inventions have the potential to revolutionize the ways in which we do business, share information, and create new value in our increasingly digital society. Layer 1 protocol solutions addressing scalability and cross-chain connectivity are essential if blockchain technology is to realize its full potential in the future. The consensus method, security, and transaction throughput in a blockchain network are all handled at the first, or fundamental, or Layer 1. Layer 1 protocols must solve scale and interoperability issues for blockchain to reach its full potential as a disruptive technology. The scale of the issue has been shown by recent figures. For comparison, Ethereum can around 30 transactions per second (tps) whereas the Bitcoin network can handle about 7 tps. Centralized payment systems, however, such as Visa, can over 65,000 transactions per second. This significant gap in throughput capacities emphasizes the critical need for blockchain networks to enhance scalability to meet rising demand and remain competitive with centralized alternatives. handle process Another major issue for the development of blockchain technology is cross-chain communication, often known as interoperability. With the proliferation of blockchain networks and digital assets comes the pressing need to standardize methods of interaction and the transfer of assets across them. In order to solve these problems, innovative Layer 1 protocols need to be developed. To increase transaction speed and network scalability, several projects use sharding or novel consensus methods. These fixes will allow blockchain networks to offer more decentralized apps and better handle rising user demand. LayerZero and Polkadot's Substrate are two examples of omnichain interoperability protocols that should be used to provide seamless cross-chain communication. Through the use of these innovations, a global, decentralized digital asset ecosystem may reach its full potential by allowing for safe and frictionless communications and asset transfers across various blockchain networks. Developers of Layer 1 protocols may help their networks thrive in today's dynamic digital environment by encouraging interoperability. Radix and LayerZero Forge Pioneering Agreement to Boost Cross-Chain Communication and Asset Transfers In a significant move within the digital asset and blockchain sector, Radix, a proven Layer 1 protocol that prioritizes user-friendly crypto experiences, and LayerZero, a revolutionary omnichain interoperability protocol, have announced a pioneering agreement to integrate LayerZero with the Radix Babylon public network. The deal, set to be completed by the end of 2023, promises to bring about increased cross-chain communication and asset transfers, benefitting users on both platforms. LayerZero's cutting-edge technology allows dApps to safely and efficiently communicate with one another across blockchain networks. By bringing LayerZero into the Radix ecosystem, the firm has shown its dedication to providing a more unified and integrated experience for its customers. This change will facilitate the use of omnichain features by dApps and assets. : Vested Interest Disclosure The author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR brand-as-author program Radix has already attracted a lot of attention despite not launching until July 2023 due to its commitment to providing developer-friendly tools and network capabilities. This strategy aims to encourage the development of dApps with broad appeal. Radix hopes to improve the platform's usability by including LayerZero, which will make it simpler for users to switch between different blockchains and have access to more options. LayerZero will be able to demonstrate its strengths in a dynamic, user-focused environment thanks to the partnership with Radix. The collaboration is expected to increase LayerZero's user base, so that more programmers may make use of the platform's advanced interoperability tools. Together, Radix and LayerZero are demonstrating the power of blockchain interoperability to create a more open and accessible future for cryptocurrencies and distributed applications. The combination of these two forward-thinking firms is expected to accelerate the widespread adoption of Web3 apps and produce substantial breakthroughs in blockchain technology as the merger continues. With LayerZero's cutting-edge innovation, dApps can communicate with one another over blockchain networks without any hiccups. As part of its mission to deliver a more unified and connected experience to its consumers and developers, Radix has integrated LayerZero into its ecosystem to simplify the integration of omnichain capabilities into dApps and assets. Even though it won't be available to the public until July 2023, Radix has already garnered a lot of interest for its promise to provide developer-friendly tools and network capabilities, which will stimulate the creation of dApps that may appeal to a broad range of users. LayerZero's integration into the Radix platform is meant to make it more convenient for users to move between blockchains and have access to additional services. Don’t forget to like and share the story! Image credits: . Shubham Dhage

Radix and LayerZero Announce Pioneering Partnership to Boost Blockchain Interoperability

Radix y LayerZero anuncian una asociación pionera para impulsar la interoperabilidad de blockchain

Radix et LayerZero annoncent un partenariat pionnier pour renforcer l'interopérabilité de la blockchain

रैडिक्स और लेयरजीरो ने ब्लॉकचैन इंटरऑपरेबिलिटी को बढ़ावा देने के लिए अग्रणी साझेदारी की घोषणा की

Radix と LayerZero がブロックチェーンの相互運用性を高める先駆的なパートナーシップを発表

Radix e LayerZero Anunciam Parceria Pioneira para Aumentar a Interoperabilidade Blockchain

Radix và LayerZero công bố quan hệ đối tác tiên phong để tăng cường khả năng tương tác chuỗi khối

Radix 和 LayerZero 宣布建立开创性合作伙伴关系以促进区块链互操作性

PALO ALTO, California, November 21st, 2024/Chainwire/--Aptos Foundation today announced the upcoming integration of Circle’s native USDC and Cross-Chain Transfer Protocol (CCTP) on the Aptos Network, as well as Stripe adding support for Aptos in its crypto products. These integrations make Aptos the home for interoperable DeFi and the fastest, cheapest, and most reliable enterprise-grade blockchain, further expanding its global financial ecosystem. The integration of Aptos into Stripe’s crypto onramp and payouts products, paired with native USDC, will provide reliable fiat on and off-ramps for the Aptos network, streamline merchant pay-ins and payouts, and offer a seamless connection between traditional finance and blockchain technology. Today, USDC is the largest regulated dollar-backed stablecoin with over $37B in circulation. With more than $160M in circulation on Aptos, bridged USDC is the most prevalent stablecoin available on the network. With this integration, native USDC will be issued through the regulated entities of Circle directly on the Aptos network and CCTP will enable developers to design cross-chain experiences by connecting their Aptos apps to the network of supported blockchains. Bridge providers such as Stargate, built on LayerZero, will provide a smooth transition from the existing bridged USDC on Aptos to native USDC over time. There are no immediate changes to the AptosBridge built on LayerZero, and it will continue to operate as normal. Additionally, ahead of the native launch of USDC, bridged USDC from the AptosBridge will be renamed to “lzUSDC” on block explorers. There will be outreach to ecosystem apps to encourage them to make the same change in their app UI and documentation. The launch of CCTP will bring new levels of interoperability to DeFi on Aptos, enabling secure and efficient native USDC transfers. With the addition of Aptos, CCTP will support nine blockchains - including Arbitrum, Base, Ethereum, and Solana —and 72 routes with 1:1 capital efficiency. This move will allow for seamless cross-chain onboarding, swaps, purchases, treasury rebalancing, and more – all while maintaining an accessible and intuitive user experience. With the addition of Aptos to Stripe’s crypto products, users will be able to seamlessly convert fiat currencies into USDC, directly through Aptos-enabled wallets. This integration will enable the use of USDC for Stripe's global network of businesses. The combination of Stripe's payment tools and Aptos’ scalable network unlocks new opportunities for global merchants and payment providers to process transactions faster, more securely, and at lower costs. “Adding support for the Aptos blockchain inside our crypto products broadens consumer and merchant access to more efficient global fund flows with stablecoins; whether it be a retailer accepting payments from around the world, or a platform paying creators no matter where they are,” said John Egan, Head of Crypto at Stripe. “This collaboration brings Stripe's global network together with the power of the Aptos blockchain, opening new avenues for both merchants and consumers to access efficient, stablecoin-based payments.” “The DeFi ecosystem on Aptos has grown to five times its original size in the past year alone, and it’s clear why,” said Nikhil Chandhok, Chief Product Officer at Circle. “Aptos has emerged as a highly efficient way to move money across the globe. The arrival of native USDC and CCTP will only enhance this, and further the vision we share with the Aptos Foundation team of a future where secure digital dollars create a more accessible economy for everyone.” “USDC and CCTP are the gold standards in DeFi, and Stripe is among the most trusted names in financial infrastructure,” said Bashar Lazaar, Head of Grants and Ecosystem at Aptos Foundation. “Circle and Stripe’s integration of Aptos moves the needle in creating a more accessible, secure, and decentralized future of finance. We’re all looking forward to this integration, and are eager to see what the incredible builders in the Aptos ecosystem make possible with this powerful new technology in their toolkit.” “Aptos makes the globally connected economy accessible to everyone by simplifying the movement of economic value,” said Mo Shaikh, CEO of Aptos Labs, which provided technical expertise for the integrations. “I’m looking forward to seeing Aptos becoming a unifying force in the global economy, providing infrastructure that enhances payment efficiency while bringing the peer-to-peer money movement to life for its ecosystem and builders.” For more information about Aptos Foundation and DeFi on Aptos, visit: https://aptosfoundation.org/ecosystem/projects/defi. About Aptos Foundation Aptos Foundation is dedicated to supporting the development of the Aptos protocol, decentralized network and ecosystem and driving engagement with the Aptos ecosystem. By unlocking a blockchain with seamless usability, Aptos Foundation aims to bring the benefits of decentralization to the masses. About Aptos Network Aptos is a next-generation Layer 1 blockchain. Aptos’ breakthrough technology and programming language, Move, are designed to evolve, improve performance and strengthen user safeguards. Please visit https://www.aptosfoundation.org for more information on the Aptos blockchain. About Circle Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Through its regulated entities, Circle is the issuer of USDC and EURC - highly liquid, interoperable, and trusted money protocols on the internet. Circle’s open and programmable platform and APIs make it easy for organizations to run their internet-scale business, whether it is making international payments, building globally-accessible Web3 apps or managing their internal treasury. Users can learn more at https://circle.com. About Stripe Stripe is a financial infrastructure platform for businesses. Millions of companies—from the world’s largest enterprises to the most ambitious startups—use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Headquartered in San Francisco and Dublin, the company aims to increase the GDP of the internet. Contact Communications Lead Hannah Noyes Aptos Labs hannah@aptoslabs.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here PALO ALTO, California, November 21st, 2024/Chainwire/--Aptos Foundation today announced the upcoming integration of Circle’s native USDC and Cross-Chain Transfer Protocol (CCTP) on the Aptos Network, as well as Stripe adding support for Aptos in its crypto products. These integrations make Aptos the home for interoperable DeFi and the fastest, cheapest, and most reliable enterprise-grade blockchain, further expanding its global financial ecosystem. The integration of Aptos into Stripe’s crypto onramp and payouts products, paired with native USDC, will provide reliable fiat on and off-ramps for the Aptos network, streamline merchant pay-ins and payouts, and offer a seamless connection between traditional finance and blockchain technology. Today, USDC is the largest regulated dollar-backed stablecoin with over $37B in circulation. With more than $160M in circulation on Aptos, bridged USDC is the most prevalent stablecoin available on the network. With this integration, native USDC will be issued through the regulated entities of Circle directly on the Aptos network and CCTP will enable developers to design cross-chain experiences by connecting their Aptos apps to the network of supported blockchains. Bridge providers such as Stargate, built on LayerZero, will provide a smooth transition from the existing bridged USDC on Aptos to native USDC over time. There are no immediate changes to the AptosBridge built on LayerZero, and it will continue to operate as normal. Additionally, ahead of the native launch of USDC, bridged USDC from the AptosBridge will be renamed to “lzUSDC” on block explorers. There will be outreach to ecosystem apps to encourage them to make the same change in their app UI and documentation. The launch of CCTP will bring new levels of interoperability to DeFi on Aptos, enabling secure and efficient native USDC transfers. With the addition of Aptos, CCTP will support nine blockchains - including Arbitrum, Base, Ethereum, and Solana —and 72 routes with 1:1 capital efficiency. This move will allow for seamless cross-chain onboarding, swaps, purchases, treasury rebalancing, and more – all while maintaining an accessible and intuitive user experience. With the addition of Aptos to Stripe’s crypto products, users will be able to seamlessly convert fiat currencies into USDC, directly through Aptos-enabled wallets. This integration will enable the use of USDC for Stripe's global network of businesses. The combination of Stripe's payment tools and Aptos’ scalable network unlocks new opportunities for global merchants and payment providers to process transactions faster, more securely, and at lower costs. “Adding support for the Aptos blockchain inside our crypto products broadens consumer and merchant access to more efficient global fund flows with stablecoins; whether it be a retailer accepting payments from around the world, or a platform paying creators no matter where they are,” said John Egan, Head of Crypto at Stripe. “This collaboration brings Stripe's global network together with the power of the Aptos blockchain, opening new avenues for both merchants and consumers to access efficient, stablecoin-based payments.” “Adding support for the Aptos blockchain inside our crypto products broadens consumer and merchant access to more efficient global fund flows with stablecoins; whether it be a retailer accepting payments from around the world, or a platform paying creators no matter where they are,” said John Egan, Head of Crypto at Stripe. “This collaboration brings Stripe's global network together with the power of the Aptos blockchain, opening new avenues for both merchants and consumers to access efficient, stablecoin-based payments.” “The DeFi ecosystem on Aptos has grown to five times its original size in the past year alone, and it’s clear why,” said Nikhil Chandhok, Chief Product Officer at Circle. “Aptos has emerged as a highly efficient way to move money across the globe. The arrival of native USDC and CCTP will only enhance this, and further the vision we share with the Aptos Foundation team of a future where secure digital dollars create a more accessible economy for everyone.” “USDC and CCTP are the gold standards in DeFi, and Stripe is among the most trusted names in financial infrastructure,” said Bashar Lazaar, Head of Grants and Ecosystem at Aptos Foundation. “The DeFi ecosystem on Aptos has grown to five times its original size in the past year alone, and it’s clear why,” said Nikhil Chandhok, Chief Product Officer at Circle. “Aptos has emerged as a highly efficient way to move money across the globe. The arrival of native USDC and CCTP will only enhance this, and further the vision we share with the Aptos Foundation team of a future where secure digital dollars create a more accessible economy for everyone.” “USDC and CCTP are the gold standards in DeFi, and Stripe is among the most trusted names in financial infrastructure,” said Bashar Lazaar, Head of Grants and Ecosystem at Aptos Foundation. “Circle and Stripe’s integration of Aptos moves the needle in creating a more accessible, secure, and decentralized future of finance. We’re all looking forward to this integration, and are eager to see what the incredible builders in the Aptos ecosystem make possible with this powerful new technology in their toolkit.” “Aptos makes the globally connected economy accessible to everyone by simplifying the movement of economic value,” said Mo Shaikh, CEO of Aptos Labs, which provided technical expertise for the integrations. “I’m looking forward to seeing Aptos becoming a unifying force in the global economy, providing infrastructure that enhances payment efficiency while bringing the peer-to-peer money movement to life for its ecosystem and builders.” “Circle and Stripe’s integration of Aptos moves the needle in creating a more accessible, secure, and decentralized future of finance. We’re all looking forward to this integration, and are eager to see what the incredible builders in the Aptos ecosystem make possible with this powerful new technology in their toolkit.” “Aptos makes the globally connected economy accessible to everyone by simplifying the movement of economic value,” said Mo Shaikh, CEO of Aptos Labs, which provided technical expertise for the integrations. “I’m looking forward to seeing Aptos becoming a unifying force in the global economy, providing infrastructure that enhances payment efficiency while bringing the peer-to-peer money movement to life for its ecosystem and builders.” For more information about Aptos Foundation and DeFi on Aptos, visit: https://aptosfoundation.org/ecosystem/projects/defi . https://aptosfoundation.org/ecosystem/projects/defi https://aptosfoundation.org/ecosystem/projects/defi About Aptos Foundation Aptos Foundation is dedicated to supporting the development of the Aptos protocol, decentralized network and ecosystem and driving engagement with the Aptos ecosystem. By unlocking a blockchain with seamless usability, Aptos Foundation aims to bring the benefits of decentralization to the masses. Aptos Foundation Aptos Foundation About Aptos Network Aptos is a next-generation Layer 1 blockchain. Aptos’ breakthrough technology and programming language, Move, are designed to evolve, improve performance and strengthen user safeguards. Please visit https://www.aptosfoundation.org for more information on the Aptos blockchain. https://www.aptosfoundation.org https://www.aptosfoundation.org About Circle Circle is a global financial technology firm that enables businesses of all sizes to harness the power of digital currencies and public blockchains for payments, commerce and financial applications worldwide. Through its regulated entities, Circle is the issuer of USDC and EURC - highly liquid, interoperable, and trusted money protocols on the internet. Circle’s open and programmable platform and APIs make it easy for organizations to run their internet-scale business, whether it is making international payments, building globally-accessible Web3 apps or managing their internal treasury. Users can learn more at https://circle.com . Circle Circle https://circle.com https://circle.com About Stripe Stripe is a financial infrastructure platform for businesses. Millions of companies—from the world’s largest enterprises to the most ambitious startups—use Stripe to accept payments, grow their revenue, and accelerate new business opportunities. Headquartered in San Francisco and Dublin, the company aims to increase the GDP of the internet. Stripe Stripe Contact Communications Lead Hannah Noyes Aptos Labs hannah@aptoslabs.com 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

USDC And CCTP To Launch On Aptos, With Stripe Adding Aptos Support In Crypto Products

USDC እና CCTP በ Aptos ላይ እንዲጀምሩ በCrypto ምርቶች ውስጥ የአፕቶስ ድጋፍን በመጨመር

USDC и CCTP ще стартират на Aptos, като Stripe добавя поддръжка на Aptos в крипто продукти

USDC i CCTP per llançar-se a Aptos, amb Stripe que afegeix suport Aptos als productes criptogràfics

USDC y CCTP se lanzarán en Aptos y Stripe agregará soporte para Aptos en productos criptográficos

USDCとCCTPがAptosで開始、Stripeが暗号製品にAptosのサポートを追加

USDC និង CCTP ដើម្បីចាប់ផ្តើមនៅលើ Aptos ជាមួយនឹង Stripe បន្ថែមការគាំទ្រ Aptos នៅក្នុងផលិតផល Crypto

USDC жана CCTP Aptos'та ишке кирет, Stripe кошуу менен Crypto өнүмдөрүндө Aptos колдоосу менен

USDC ແລະ CCTP ເພື່ອເປີດຕົວໃນ Aptos, ດ້ວຍ Stripe ເພີ່ມການສະຫນັບສະຫນູນ Aptos ໃນຜະລິດຕະພັນ Crypto

USDC Y CCTP Aptos nisqapi qallarichinapaq, Stripe nisqawan Aptos Yanapakuywan Crypto Productos nisqapi yapaspa

USDC iyo CCTP si ay u bilaabaan Aptos, Iyadoo Stripe Ku darista Aptos Taageerada Alaabada Crypto

Ang USDC At CCTP ay Ilulunsad Sa Aptos, Sa Pagdaragdag ng Stripe ng Suporta sa Aptos Sa Mga Produktong Crypto

USDC va CCTP kripto-mahsulotlarda Stripe qo'shilgan Aptos yordami bilan Aptos-da ishga tushadi

Web3 gaming and AI company CARV has announced a significant expansion of its strategic partnerships, marking what the company calls its most productive quarter to date. The California-based firm, which describes itself as the largest modular identity and data layer for gaming and AI, revealed it has secured over 10 new collaborations across various sectors in the third quarter of 2024. These partnerships span CARV's three main business pillars: CARV Protocol, CARV Play, and CARV Labs. They include agreements with infrastructure providers Base and EigenLayer, AI companies Inferium AI and Gitcoin Passport, and gaming entities such as Intella X. Victor Yu, Co-Founder of CARV, stated, "With partnership announcements rolling out on a nearly weekly basis, we've made significant strides this quarter across our core business." Yu emphasized the company's intention to maintain this momentum. CARV Protocol, which facilitates data exchange and value distribution in gaming and AI, has expanded its collaborations to enhance security, cost-effectiveness, and scalability. New partners in this area include Base, EigenLayer, Monad, and Nuffle. The company's AI-powered superapp, CARV Play, has also seen growth. CARV reports that the platform now has 9.5 million registered users and 1.3 million daily active users. Recent partnerships with Gitcoin Passport and LayerZero aim to improve security and cross-chain capabilities. In September, CARV launched CARV Labs, a $50 million accelerator program designed to incubate projects that drive adoption of the company's data protocol. The accelerator has partnered with Intella X, a web3 gaming platform from Korean game developer NEOWIZ, to provide support for incubated projects. One of the first successes from this accelerator is BANANA, an idle game built on the TON blockchain, which CARV claims has attracted over 12 million users in about a month. This rapid growth aligns with CARV's stated commitment to supporting the TON ecosystem and Telegram's crypto community. CARV's expansion comes amid growing interest in the intersection of blockchain technology, gaming, and artificial intelligence. The company states it has integrated over 900 games and AI companies, representing what it claims is more than 30% of all Web3 games. While these figures and claims are impressive, it's worth noting that the Web3 gaming market is still evolving, and market share calculations can be challenging to verify independently. Additionally, the rapid user growth reported for some projects, such as BANANA, is notable in the industry but would benefit from further context about user retention and engagement. CARV reports it has raised $50 million in total funding from investors including Tribe Capital, Temasek Vertex, and Animoca Brands. The company's team includes veterans from major tech and gaming companies such as Coinbase, Binance, Google, and Electronic Arts. As the Web3 gaming and AI sectors continue to develop, companies like CARV are positioning themselves at the forefront of this convergence. However, as with any rapidly evolving technology sector, the long-term impact and sustainability of these initiatives remain to be seen. 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 Web3 gaming and AI company CARV has announced a significant expansion of its strategic partnerships, marking what the company calls its most productive quarter to date. The California-based firm, which describes itself as the largest modular identity and data layer for gaming and AI, revealed it has secured over 10 new collaborations across various sectors in the third quarter of 2024. These partnerships span CARV's three main business pillars: CARV Protocol, CARV Play, and CARV Labs. They include agreements with infrastructure providers Base and EigenLayer, AI companies Inferium AI and Gitcoin Passport, and gaming entities such as Intella X. Victor Yu, Co-Founder of CARV, stated, "With partnership announcements rolling out on a nearly weekly basis, we've made significant strides this quarter across our core business." Yu emphasized the company's intention to maintain this momentum. CARV Protocol, which facilitates data exchange and value distribution in gaming and AI, has expanded its collaborations to enhance security, cost-effectiveness, and scalability. New partners in this area include Base, EigenLayer, Monad, and Nuffle. The company's AI-powered superapp, CARV Play, has also seen growth. CARV reports that the platform now has 9.5 million registered users and 1.3 million daily active users. Recent partnerships with Gitcoin Passport and LayerZero aim to improve security and cross-chain capabilities. In September, CARV launched CARV Labs, a $50 million accelerator program designed to incubate projects that drive adoption of the company's data protocol. The accelerator has partnered with Intella X, a web3 gaming platform from Korean game developer NEOWIZ, to provide support for incubated projects. One of the first successes from this accelerator is BANANA, an idle game built on the TON blockchain, which CARV claims has attracted over 12 million users in about a month. This rapid growth aligns with CARV's stated commitment to supporting the TON ecosystem and Telegram's crypto community. CARV's expansion comes amid growing interest in the intersection of blockchain technology, gaming, and artificial intelligence. The company states it has integrated over 900 games and AI companies, representing what it claims is more than 30% of all Web3 games. While these figures and claims are impressive, it's worth noting that the Web3 gaming market is still evolving, and market share calculations can be challenging to verify independently. Additionally, the rapid user growth reported for some projects, such as BANANA, is notable in the industry but would benefit from further context about user retention and engagement. CARV reports it has raised $50 million in total funding from investors including Tribe Capital, Temasek Vertex, and Animoca Brands. The company's team includes veterans from major tech and gaming companies such as Coinbase, Binance, Google, and Electronic Arts. As the Web3 gaming and AI sectors continue to develop, companies like CARV are positioning themselves at the forefront of this convergence. However, as with any rapidly evolving technology sector, the long-term impact and sustainability of these initiatives remain to be seen. 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

CARV Announces Major Expansion in Web3 Gaming and AI Partnerships

CARV абвяшчае аб сур'ёзным пашырэнні партнёрства Web3 Gaming і AI

CARV ওয়েব3 গেমিং এবং এআই অংশীদারিত্বে বড় সম্প্রসারণের ঘোষণা করেছে

CARV anuncia una important expansió en les associacions de jocs Web3 i IA

CARV anuncia una importante expansión de sus alianzas en materia de inteligencia artificial y juegos Web3

CARV-ek Web3 Gaming eta AI lankidetzan hedapen handia iragarri du

CARV annonce une expansion majeure de ses partenariats dans le domaine des jeux Web3 et de l'IA

CARV、Web3ゲームおよびAIパートナーシップの大幅な拡大を発表

CARV Web3 Gaming жана AI өнөктөштүктө ири кеңейүүнү жарыялайт

CARV anunță extinderea majoră a parteneriatelor Web3 Gaming și AI

CARV njofton zgjerim të madh në Web3 Gaming dhe Partneritetet AI

CARV Inatangaza Upanuzi Muhimu katika Michezo ya Web3 na Ushirikiano wa AI

CARV ประกาศขยายความร่วมมือครั้งสำคัญด้านเกม Web3 และ AI

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