(PROTOCOL VILLAGE EXCLUSIVE) July 18: Form, a creator-focused layer-2 community atop Ethereum and a part of the Optimism Superchain, introduced the supply of its testnet, with GA going reside in Q3. In keeping with the workforce: “The network is an open space where everyone is free to create whatever they want – from high art to weird experiments. Shape ensures creators that thrive on the network share in its success through ‘Gasback.’ This mechanic rewards cultural impact directly by giving 80% of sequencer fees back to smart contract owners. Shape is powered by Optimism and, as part of the Superchain, contributes 15% of sequencer fees to the Optimism Collective to fund public goods.”
Chainlink Releases ‘Digital Asset Sandbox’ for Monetary Establishments
July 18: Chainlink, the blockchain oracle undertaking, introduced the launch of the Chainlink Digital Belongings Sandbox (DAS), “designed to accelerate digital asset innovation within financial institutions.” In keeping with the workforce: “The Chainlink DAS is the ideal solution for financial institutions that want to quickly innovate and experience the potential of generating new revenue opportunities, increasing efficiencies, improving time-to-market, and more. With the DAS, institutions can seamlessly access ready-to-use business workflows for digital assets.” CoinDesk 20 asset: {{LINK}}
Bitrue Ventures Launches $40M Fund for ‘Nascent Web3 Firms’
July 18: Bitrue Ventures, the research and funding part of crypto change Bitrue, has launched a $40 million funding fund and “is putting out the call to aspiring developers,” based on the workforce. A weblog publish reads: “Individual recipients of funding can receive up to $200,000 of investment funds that can be allocated however they feel is most appropriate. In addition, Bitrue will make available their various avenues of expertise to provide further support to these projects. While Bitrue Ventures will consider investing into any niche within the crypto space, we believe that the most successful projects right now are likely to be building in the sectors of Artificial Intelligence (AI), Real World Asset tokenization (RWA), GameFi, Decentralized Physical Infrastructure Networks (DePIN), and Decentralized Finance (DeFi). As such, projects building within these industries will stand a better chance of receiving funding.”
InfStones, Blockchain Infrastructure Supplier, Launches Node-as-a-Service
July 18: InfStones, a blockchain infrastructure supplier, “launched its node-as-a-service (NaaS) product, empowering emerging protocols to jumpstart their DePIN projects while making sophisticated blockchain node operations accessible to mainstream users,” based on the workforce: “Since 2018, InfStones has provided enterprise-grade node management services to industry-leading groups such as Binance, CoinList and BitGo. In the recent node sale for cloud computing platform Aethir, InfStones’ NaaS product helped to successfully convert over 26,000 of its Checker Node license holders into long-term node operators.”
Increase to Present Fee Rails for Polkadot Cellular App, Enabling Retail Purchases
July 18: Increase, a funds supplier and with a white-label present card infrastructure, has partnered with Parity Applied sciences “to provide the payment rails for the Polkadot mobile app, enabling DOT payments at over 1 million stores and websites across the U.S.” In keeping with the workforce: “Users can make purchases and earn up to 20% cash back in DOT. This integration, previewed at Polkadot Decoded, bridges the gap between crypto and retail, making it easier and more rewarding to use crypto for everyday transactions. The app is set to launch in Q3, with plans to expand internationally by the end of the year.” {{DOT}}
Zivoe, RWA Credit score Protocol on Ethereum, Raises $8.35M
July 18: Zivoe, a real-world asset credit score protocol atop Ethereum, raised $8.35 million of their final spherical, aiming to broaden credit score entry by connecting blockchain liquidity with real-world debtors, based on the workforce: “The round comes in tandem with Zivoe launching its RWA credit protocol on mainnet on July 31 and their Initial Tranche Offering (ITO), a unique liquidity bootstrapping mechanism.”
AI-Centered Layer-1 Chain Nuklai Declares Launch of DAO for Governance, Say on Use of Funds
July 18: Nuklai, a layer-1 blockchain constructed for synthetic intelligence, introduced the launch of the Nuklai DAO, “a decentralized autonomous organization designed to empower its community and ecosystem,” based on the workforce: “With this development, the company moves towards greater community-driven governance and collaboration. This initiative allows community to have a direct say in the allocation of these funds through proposals and votes on Commonwealth and Snapshot. The launch of the Nuklai DAO will manage the 400,000,000 NAI Community token allocation.”
Polygon, Google Cloud, Accenture Launch White Paper on Web3 Loyalty Packages
July 18: Polygon Labs, in collaboration with Google Cloud and Accenture, collectively launched a white paper that highlights how Web3 options can construct high-margin loyalty applications. In keeping with the workforce: “The paper highlights how users can enjoy rewards such as tokenized privileges, gamification, collectibles and community-generated content. This not only improves the user experience but also generates new revenue streams for brands while empowering users to actively participate in loyalty programs.” {{MATIC}}
Chainbase Raises $15M to Develop Omnichain Knowledge Community
July 18: Omnichain knowledge community Chainbase has raised $15 million in Collection A funding with Tencent Funding Group, Matrix Companions and Hash International among the many traders. Chainbase is an interoperability layer that’s constructing the “first crypto world model,” to ship knowledge from throughout the cryptocurrency spectrum, based on an emailed announcement on Thursday.
Fantom Basis, Sonic Labs Companion With Alchemy for RPC on Opera Chain
July 18: The Fantom Basis and Sonic Labs introduced a partnership with Alchemy “in which the leading Web3 infrastructure provider immediately contributes RPC support (mainnet and testnet) and key development tools to developers on Fantom’s Opera chain.” In keeping with the workforce: “Alchemy will also support the new Sonic network in the same capacity, enhancing its performance and scalability when it launches later this year.”
Outlier Ventures Partnership With Morgan Creek Digital Brings Accelerator to Latin America
July 18: International Web3 accelerator Outlier Ventures has introduced a brand new strategic partnership with Morgan Creek Digital, to launch their first-ever accelerator program within the Latin American area. In keeping with the workforce: “The program seeks to identify startups developing solutions to drive technological and financial innovation across Latin America. The virtual program starts in September and lasts for 12 weeks, offering selected startups support from Outlier Ventures’ in-house team of experts, tailored mentorship from industry experts, networking opportunities with investors, and up to 200K investment.”
Visa’s Knowledge Companion Allium Labs Raises $16.5M as Their New Findings Present Stablecoin Exercise is Again Up
July 18: Knowledge platform Allium Labs, which offers enterprise-grade blockchain knowledge to corporations like Visa, Stripe and Uniswap Basis, has raised $16.5 million in a Collection A funding spherical, it introduced Thursday. The funding spherical was led by enterprise capital agency Idea Ventures whose founder Tomasz Tunguz will be a part of the board as a part of the funding. Tunguz mentioned “The demand for cryptocurrencies and tokens has simply began” and that Allium will provide the data to “foster broader adoption.”
Pundi X Launches Payment Solution for Merchants
July 18: Pundi X, a blockchain developer, has launched a crypto payment solution, Pundi X Pay for merchants, according to the team: “This modern answer is ready to rework the panorama of bodily retailer crypto transactions with the omni QR code fee layer, making it simpler for retailers and prospects to embrace cryptocurrency funds. Pundi X Pay InStore QR Code options embody intensive pockets integrations (over 500+ direct pockets apps), versatile fee choices, on the spot digital receipts, and AI-powered multi-chain transactions and safety: powered by Pundi X AI.”
BitGo Integrates Stacks, Enabling Delegate and Solo Stacking
July 18: BitGo has integrated Stacks, “enabling delegate and solo stacking for its purchasers,” according to the team: “This grants them the flexibility to earn BTC immediately inside their wallets by way of a safe and risk-controlled course of. Moreover, BitGo now helps the Stacks token normal and acts as a community Signer, contributing to consensus and block manufacturing. This Signer function shall be essential for the longer term launch of sBTC, a decentralized Bitcoin-backed asset.”
Zeebit, Solana-Based Casino, to Rely on Sonic L2 Infrastructure
July 18: Zeebit, describing itself as “Solana’s first on-chain on line casino,” is “launching the primary totally decentralized risk-on gaming platform on Solana utilizing SonicSVM infrastructure,” according to the team: “This on-chain platform options on line casino classics, PVP video games, and novel Web3 experiences with provable equity and non-custodial settlement. Leveraging Sonic’s scalable L2, Zeebit will migrate its present Solana-based platform, together with participant histories. Supported by main Web3 VCs and incubated by Solana Labs, Zeebit’s testnet launch will provide varied video games, adopted by a mainnet launch with incentivized campaigns.”
Aethir, DePIN for GPUs, Teams With Beamable for Cloud-Based Game Development, Distribution
July 18: Aethir, a DePIN project specializing in GPUs for AI and pixel streaming, and Beamable, a creator-centric platform for building live games, announced a “strategic end-to-end answer that can empower sport studios to develop, construct, scale and distribute reside video games totally within the cloud,” according to the team: “With the launch of this end-to-end answer, builders will have the ability to retailer, handle, and course of knowledge all on one platform to create extra partaking and scalable gaming experiences.”
Protocol Village is a regular feature of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday. Project teams can submit updates here. For previous versions of Protocol Village, please go here. Also please check out our weekly The Protocol podcast.
TON Foundation Says Trustless Bitcoin Bridge for DeFi Launched
July 17: TON Teleport BTC, a trustless bridge facilitating secure bitcoin (BTC) transfers to and from The Open Network (TON) blockchain, has launched. According to a message from the TON Foundation team: “This growth permits BTC holders to securely interact in DeFi on TON and take part in decentralized exchanges (DEXs), lending platforms, and different functions. The TON Teleport BTC course of is totally trustless and clear, working with no centralized issuer. Every BTC on TON is 100% backed by precise BTC, pegged by the teleport course of, making certain safe and dependable transactions.” {{TON}}
IoTeX ‘DePIN Infrastructure Modules’ to Reduce Development Time
July 17: IoTeX, an Ethereum compatible blockchain platform optimized for decentralized physical infrastructure projects (DePIN), is launching its 2.0 platform to democratize access to DePIN by partnering with NEAR, Filecoin, RISC Zero, Espresso and more, “to boost knowledge availability, storage, computation and sequencing,” according to the team: “IoTeX 2.0 options DePIN Infrastructure Modules (DIMs) and Modularity Safety Pool (MSP) to chop growth prices and help sustainable development for DePIN initiatives, positioning itself as the biggest decentralized hub for units and knowledge that shall be deployed by each people and AI brokers.” According to a press release: “The introduction of Modularity Safety Pool (MSP) permits DePIN layer-1s to restake their Proof-of-Stake safety to DIMs, fueling development and fostering sustainability inside the ecosystem.”
