BEAM(BEAM)

A recent phishing scheme has rocked the Beam network, resulting in the loss of a significant amount of its native cryptocurrency, BEAM. According to a report from on-chain source Spotonchain, 181 million BEAM tokens, valued at $4.63 million, were lost on February 15th.  The target of the scheme was Kirill.eth, […]

XRP prices are consolidating for quite a while, and some investors seem to be interested in looking into alternatives such as ADA, BEAM, and ROE. Facing fierce resistance, XRP has attracted attention because of its potential, while ADA, has seen its price soar in the past weeks. On the other hand, Borroe Finance, the AI-driven […]

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Dec 7-Dec. 13, with live updates throughout.

Every cryptocurrency fan is aware of the famous phrase “to the moon”, which often means the price of assets rising to astronomical heights. However, top memecoin Dogecoin is now actually about to be beamed up to the moon — literally.

[PRESS RELEASE – Singapore, Singapore, November 30th, 2023] Partnership Accelerates Web3 Loyalty Across LATAM; Onboards ~1M New Users Across LATAM to Advanced Digital Engagement Programs. Moonbeam Network, a smart contract platform for building cross-chain connected applications, today announced its partnerships with DUX, a Web3 infrastructure provider, and Grupo RÃO, the largest Japanese food delivery service […]

Moonbeam Network Partners With DUX, Grupo RÃO to Launch Brazil’s Largest Web3 Loyalty Program

Our column on prices and news analysis of the crypto world continues

After years of sky-high gas fees, the Ethereum (ETH) network has completed a turnaround after recording its lowest transaction fees for the first time in over three years. On Oct. 14, Ethereum’s average gas price stood at 7.941 Gwei, a figure that got the entire community beaming with pride. The last time Ethereum’s gas fees […]

Warsaw, Poland, August 21st, 2023, Chainwire ETHWarsaw, a web3 conference and hackathon, organized by a passionate group of local Ethereum enthusiasts, returns for its second edition. The event is set to take place from August 31st to September 3rd, 2023 in Warsaw, Poland, bringing together a global community of builders, founders, and educators in web3. Building upon the achievements of its debut, the second edition of ETHWarsaw promises enhanced experience as it will coincide with the first in the history Warsaw Blockchain Week. “Despite the backdrop of crypto’s resurgence after a challenging year, we’re ready to deliver an even more comprehensive experience for the global community traveling across the world to Poland. This year we’re literally transforming Warsaw, a tech hub teeming with talent, into a hotbed of web3 action.” said Lukasz Stoczynski, ETHWarsaw’s Co-Founder, Business Development Lead. This collaborative initiative, set against the charming blend of tradition and modernity that defines Warsaw, promises community-organized side events, including conferences, networking meetups, and parties. The collective effort is poised to make this year’s ETHWarsaw, for the second year in a row, the biggest web3 conference in the CEE region and Warsaw Blockchain Week the largest blockchain event ever held in Poland. ETHWarsaw is structured to cater to both seasoned professionals and curious newcomers including web2 developers and students. The conference spans two dynamic days of talks, panels and fireside chats divided into six key tracks: DeFi, Scalability, Security, Infrastructure, Governance, and Non-Tech. This year’s speakers include Marius Van Der Wijden, Ethereum Foundation; Akram El Milligy, Ledger; Patrick McCorry, Arbitrum Foundation; Artis from Gitcoin, and Adam Gagol from Aleph Zero. Similarly to last year, the overnight hackathon will start on Friday evening and it will be a 48 hours marathon of non-stop building. There will be opportunities for teams and individuals to get hands-on, practical experience working with applications and advanced tools with ~$50,000 in value to be won from various competitions. ETHWarsaw’s reputation as a hub for breakthroughs in the blockchain realm continues to be reinforced by the awe-inspiring success stories of projects born from the event. Antoni Zolciak, Co-founder of Aleph Zero, Ocean Sponsor of ETHWarsaw, explains: “The brilliant team behind our recently launched ecosystem company, AZERO.ID, was formed after they emerged as victorious champions of the ETHWarsaw hackathon. This win led them to secure a grant, develop the platform’s first version, and successfully close an oversubscribed pre-seed funding round. Their mainnet launch on Aleph Zero is just weeks away, marking an exciting beginning for AZERO.ID. We’re excited for this year’s hackathon during ETHWarsaw and have no doubt that this year’s edition will not disappoint.” Other ETHWarsaw returning sponsors include RedStone Oracles, Arweave, Octant, Scroll, IPOR. In addition, EthWarsaw secured support for the vol2 event from companies like Lukso, zkSync, Request Network, PROPERLY, Beamer Bridge, Mantle & Chronicle. For more details about the event and to buy tickets for the conference and hackathon, visit: https://www.ethwarsaw.dev/ Stay connected with ETHWarsaw: Twitter: @ETHWarsaw Telegram: ETHWarsaw Official

Warsaw, Poland, August 21st, 2023, Chainwire ETHWarsaw, a web3 conference and hackathon, organized by a passionate group of local Ethereum enthusiasts, returns for its second edition. The event is set to take place from August 31st to September 3rd, 2023 in Warsaw, Poland, bringing together a global community of builders, founders, and educators in web3. Building upon the achievements of its debut, the second edition of ETHWarsaw promises enhanced experience as it will coincide with the first in the history Warsaw Blockchain Week. “Despite the backdrop of crypto’s resurgence after a challenging year, we’re ready to deliver an even more comprehensive experience for the global community traveling across the world to Poland. This year we’re literally transforming Warsaw, a tech hub teeming with talent, into a hotbed of web3 action.” said Lukasz Stoczynski, ETHWarsaw’s Co-Founder, Business Development Lead. This collaborative initiative, set against the charming blend of tradition and modernity that defines Warsaw, promises community-organized side events, including conferences, networking meetups, and parties. The collective effort is poised to make this year’s ETHWarsaw, for the second year in a row, the biggest web3 conference in the CEE region and Warsaw Blockchain Week the largest blockchain event ever held in Poland. ETHWarsaw is structured to cater to both seasoned professionals and curious newcomers including web2 developers and students. The conference spans two dynamic days of talks, panels and fireside chats divided into six key tracks: DeFi, Scalability, Security, Infrastructure, Governance, and Non-Tech. This year’s speakers include Marius Van Der Wijden, Ethereum Foundation; Akram El Milligy, Ledger; Patrick McCorry, Arbitrum Foundation; Artis from Gitcoin, and Adam Gagol from Aleph Zero. Similarly to last year, the overnight hackathon will start on Friday evening and it will be a 48 hours marathon of non-stop building. There will be opportunities for teams and individuals to get hands-on, practical experience working with applications and advanced tools with ~$50,000 in value to be won from various competitions. ETHWarsaw’s reputation as a hub for breakthroughs in the blockchain realm continues to be reinforced by the awe-inspiring success stories of projects born from the event. Antoni Zolciak, Co-founder of Aleph Zero, Ocean Sponsor of ETHWarsaw, explains: “The brilliant team behind our recently launched ecosystem company, AZERO.ID, was formed after they emerged as victorious champions of the ETHWarsaw hackathon. This win led them to secure a grant, develop the platform’s first version, and successfully close an oversubscribed pre-seed funding round. Their mainnet launch on Aleph Zero is just weeks away, marking an exciting beginning for AZERO.ID. We’re excited for this year’s hackathon during ETHWarsaw and have no doubt that this year’s edition will not disappoint.” Other ETHWarsaw returning sponsors include RedStone Oracles, Arweave, Octant, Scroll, IPOR. In addition, EthWarsaw secured support for the vol2 event from companies like Lukso, zkSync, Request Network, PROPERLY, Beamer Bridge, Mantle & Chronicle. For more details about the event and to buy tickets for the conference and hackathon, visit: https://www.ethwarsaw.dev/ Stay connected with ETHWarsaw: Twitter: @ETHWarsaw Telegram: ETHWarsaw Official

Beam wallet uses Web3Auth and account abstraction to allow for seedless accounts, stablecoin gas payments, and other user experience features.

Where most wallets require signing up, performing a degree of KYC checks, Beam users can send payments simply by using a link to a QR code. Thus it is aiming to create the closest possible equivalent to using crypto like cash.

Crypto data firm Arkham Intelligence is under fire after privacy-conscious users discovered that the firm has been irresponsible about user data. Arkham’s Privacy Problem It is never a good idea to be negligent with customer data, especially in the crypto and blockchain space, where users value their security and privacy above everything else. Looks like crypto data firm Arkham Intelligence has learned this the hard way. The company committed multiple gaffes when it revealed its latest service that would uncover the identities of digital wallet owners. Privacy-conscious crypto advocates rose up in arms about this new service when they realized the firm had already been inadvertently leaking private customer information through its referral program. Faulty Referral Program Doxxed User Emails Under this program, users could invite others to the Arkham platform by sharing a unique referral URL. At quick glance, these URLs appeared to be a random string of characters. But under deeper inspection, it was uncovered that they could be easily deciphered to reveal the user’s email address, encrypted with Base64. The company’s biggest product allows tracking crypto transactions and identification of wallet owners. Its latest product, “Intel Exchange,” has raised even more eyebrows in the privacy-focused corners of the cryptoverse. The uncovering of the weblink slip-up has already added to the company’s reputation of not following a more privacy-focused approach in its services and operations. M4gicpotato Comments On Privacy Breach A privacy advocate known as m4gicpotato, who has been involved in crypto under various aliases since 2017 and is a contributor to the privacy blockchain Beam, shed light on the matter via Twitter. They wrote, “All Arkham referral links shared on Twitter is doxxing everyone because the email is in the referral URL.” The post quickly gained viral attention, with m4gicpotato expressing concerns about the infringement on user privacy. They have also criticized Arkham's decision to encode user emails using Base64, emphasizing that this additional layer of obfuscation compounded the privacy concerns surrounding the company. The full extent of the number of affected users remains unclear. In theory, anyone who generated and shared a referral link may have inadvertently disclosed their email address. Some users even posted their links on Twitter, further exacerbating the potential privacy risks. CEO Responds The company’s CEO, Miguel Morel, responded to the controversy, claiming that the coding of the referral program was done in this manner in the beta stage to allow Arkham to identify and reward users who were referring others. He claimed that the change has already been made to the code to encrypt user email properly to prevent reverse engineering. He tweeted, “Our industry has been plagued with bad actors who survive by hiding in the shadows. Crypto intelligence brings them into the light, and that’s what our platform and our research have always done.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Binance, the world’s largest cryptocurrency exchange, has reversed its decision to delist certain privacy coins in Europe. After feedback from several projects and the community, Binance had earlier revised its operations to comply with EU regulations and delist several privacy coins. Binance Goes Back On Initial Decision The European Union’s new Markets in Crypto Assets (MiCA) regulations triggered the move to delist privacy coins in the European markets. These new regulations called for increased transparency and information sharing when it came to cryptocurrency transfers and transactions. Binance stated in a press release issued on the 26th of June, “After carefully considering feedback from our community and several projects, we have revised how we classify privacy coins on our platform to comply with EU-wide regulatory requirements.” It also added that because Binance conducts operations as an exchange registered in several European Union jurisdictions, the exchange is obliged to follow local regulations. These require them to monitor transactions for the coins that are listed on the platform. The exchange had previously announced that it was shuttering trading services of 12 privacy-focused tokens. These included several well-known coins such as Dash, Monero, and Zcash, along with lesser-known ones such as SCRT and XVG. The move came in the face of growing regulatory pressure on the cryptocurrency ecosystem and would impact users based in France, Spain, Poland, and Italy. Delisting the tokens meant that users in these jurisdictions could not purchase these privacy tokens, dealing a significant blow to privacy coin enthusiasts. Binance had stated at the time, “While we aim to support as many quality projects as possible, we are required to follow local laws and regulations regarding the trading of privacy coins to ensure we can continue to serve as many users as we can. “As part of Binance’s ongoing compliance processes, we have reached out to affected users to notify them that they will no longer be able to purchase or trade privacy tokens on our platform after the 26th of June.” Binance is not the only exchange that has moved to delist privacy tokens. Several other prominent exchanges, such as Huobi, Kraken, and Bittrex, had already removed several popular privacy tokens, such as Dash and Monero, from their listings. Furthermore, several governments, such as those in Japan, South Korea, and Dubai, have taken a hawkish stance against privacy coins, with some even banning them outright. Projects Rush To Reassure Users According to email communications sent to users, several cryptocurrencies, such as XMR, MOB, BEAM, ZEN, and FIRO, are still subject to restrictions. However, with the ban retracted, several cryptocurrency projects took to Twitter to reassure their users that their projects would remain unaffected. Verge Currency had posted an update as early as the 22nd of June, stating, “We are pleased to inform you that $XVG will remain unaffected by @binance’s trading restrictions on #privacy coins in certain EU countries. Verge utilizes a public #blockchain with visible transactions, amounts, and wallet addresses.” The Secret Network also posted an update for its users, stating that it is not included among the currencies Binance planned to delist. “You spoke, and Binance listened! @binance will not be delisting $SCRT, along with six other privacy-focused cryptocurrencies, in European countries.” The Current Regulatory Landscape Binance’s decision to reverse the delisting of privacy coins comes after receiving feedback from the crypto community and reviewing its operations to comply with regulatory requirements in the European Union. The initial move to delist the coins was the result of the European Union’s Market in Crypto Assets (MiCA) regulation, which was signed into law on the 31st of May. The regulation also includes a “travel rule” for transactions, requiring more transparency and information sharing. This clashed with the very nature of privacy coins, leading to several concerns when it came to compliance. However, the cryptocurrency industry has been welcoming of the Markets in Crypto Assets regulations, stating that it provides regulatory clarity for digital assets. Crypto payments service provider Ripple is one company that has expressed considerable appreciation for the clarity ushered in by the MiCA regulations. Furthermore, the European Securities and Markets Authority is also planning a MiCA consultation process, set to begin in July. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Blockchain users could be forgiven for losing count of the number of different networks they interact with. As established blockchains such as Bitcoin and Ethereum experience limitations over the number of use cases they support and their scalability, crypto projects are looking to newer chains to support their activities. By building on alternative blockchains, projects can tap into the new capabilities they offer and benefit from faster transactions and lower processing costs. As a result, the number of blockchain networks competing for market share in industries like decentralized finance, gaming, metaverse, and other areas is growing. There is no single blockchain that has emerged as the platform for every type of use case, as each network comes with trade-offs. As a result, developers simply select the most appropriate blockchain for whatever it is they’re trying to achieve. The Need For Interoperability Given this reality, it has become clear that a solution for blockchain interoperability is imperative for all users. In a world where businesses of every shape and size are so reliant on collaboration, it’s necessary to find a way for the different blockchains they use to safely interact with one another. By building interoperability, networks provide a more user-friendly experience, enabling frictionless sharing of data and smoother execution of transactions governed by smart contracts. With traditional software systems, the makers of those programs and applications strive for interoperability as they know it’s beneficial for their users. For instance, imagine if it were not possible to send an email from a Gmail account to a Yahoo account. It would throw a massive spanner in the works of mass communication. As such, software has become highly integrated in many ways. Not only can we email any address from any provider, but we can also import our contacts into messenger software like Skype. In the enterprise world, software interoperability is even more important, allowing business workers to import data from Salesforce into Excel spreadsheets where it can be analyzed, for example. Blockchain networks recognize that use cases such as DeFi, healthcare, gaming, and digital identity cannot exist in siloes, and so interoperability has become a key goal of most projects. Luckily for blockchain users, a number of projects have made rapid progress in this area, enabling both data and digital assets to traverse across blockchain networks with remarkable ease. How Blockchain Interoperability Is Achieved One of the most successful examples of blockchain interoperability is the Cosmos ecosystem, which bills itself as the “Internet of blockchains”. Within Cosmos, developers can access a wealth of applications and services built for distributed networks. Cosmos enables blockchain interoperability through its Inter Blockchain Protocol, known as IBC. It supports a suite of cross-chain applications and makes it possible for users to exchange data and digital assets freely across multiple supported blockchains, including Binance Chain and Crypto.org. IBC is best understood as an open-source protocol that works by relaying messages between independent blockchain networks, and linking them together. Because not every chain is IBC compatible, Cosmos has gotten around this with the introduction of a “peg zone” that’s able to bridge zones within Cosmos to external blockchains such as Ethereum and Bitcoin. Cosmos also offers a software development kit that can be used by coders to create alternative versions of their dApps for different, compatible blockchains. Another blockchain that’s following the ecosystem approach is Polkadot, which has developed a network of interoperable parachains that are linked to its central Relay Chain. Each of the parachains on Polkadot’s network hosts its own, specific project or dApp, with some of the most interesting being Moonbeam, Centrifuge, Manta Network, and Parallel Finance. Each parachain is designed in a way that ensures optimal performance for the specific dApp it supports. To ensure scalability, Polkadot provides a common set of validators for every parachain within its ecosystem. By spreading transactions across its ecosystem of parachains, they can be processed faster. At the same time, because the parachains all share the same architecture, they all support cross-chain transactions. Polkadot is strongly supportive of developers too. It’s possible to create a customized blockchain using Substrate that’s natively compatible with all other chains on the Polkadot network. Horizen bills itself as the most secure, interoperable blockchain ecosystem supported by the most decentralized, multi-tier node infrastructure in the crypto industry. It enables interoperability between blockchains through a protocol called Zendoo, which uses a novel sidechain construction that’s tailored to be compatible with Horizen’s main chain while adapting to other blockchains. Secure, decentralized cross-chain communications are conducted via a sidechain that’s enhanced with privacy-preserving zk-SNARK technology. With Zendoo, a Bitcoin-based protocol can operate with any other domain-specific blockchain or blockchain-like ecosystem, with the protocol only updated once to introduce the required mechanism for deploying sidechains that enable cross-chain transfers. One key advantage of Horizen’s method is that Zendoo enables backward transfers to be verified by the main chain without the use of external certifiers or validators. In other words, the main chain does not monitor the sidechains and knows nothing about their internal structure, boosting security. Zendoo does this through the generation of recursive proofs of each sidechain state transition. Any discussion of blockchain interoperability should also mention the efforts of Chainlink, which is a Web3 platform that provides oracle services to smart contracts hosted on any blockchain network. Its primary focus is not so much on blockchain-to-blockchain interactions, but rather on enabling smart contracts to interact with real-world networks. It gives new industries access to any blockchain, enabling dApps to integrate with Web2 software and systems. Oracles play a key role in facilitating communication between blockchains and things that happen in the real world. For example, they allow blockchains to monitor traditional financial markets, and react to events such as sports results, the weather, and more. By enabling this kind of interoperability, Chainlink is emerging as a crucial link between blockchains and third-party data. Blockchain Interoperability Is Crucial The success of any dApp has long been tied to its ability to interact with the growing number of blockchain networks and legacy-based systems in the world. Blockchain interoperability is crucial because it lowers the barrier of entry, enabling more users to engage with protocols and conduct transactions freely. As blockchain interoperability has improved thanks to the efforts mentioned above, users now have multiple ways to move their data and assets across networks, making the dApps that use them much more flexible. Instead of being restricted to a single blockchain, smart contracts can now interact with almost any network and even tap into real-world data. Interoperability allows dApps to support more flexible use cases, helping to spur more widespread adoption of crypto in general. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The leading decentralized exchange (DEX) protocol, Uniswap, has announced its decision to expand its operations onto the Polkadot network via the "Moonbeam" parachain in a momentous move that promises to revolutionize the decentralized finance (DeFi) scene.

Ledger’s latest seed phase recovery idea has not sat well with the community. Members have even taken to social media to express their displeasure with the proposal. Let’s find out more about the matter and other noteworthy events that happened in crypto this week. Bitcoin USDT-issuer Tether has announced that it will use a portion of its profits and purchase Bitcoin in an effort to shore up its stablecoin reserves. Ethereum Embattled crypto lending firm Celsius is wasting no time in removing its stash of staked ETH (stETH) tokens from the liquid staking platform Lido. DeFi Premier decentralized exchange platform Uniswap is set to launch on Polkadot's Moonbeam parachain, with the integrations tabled through its decentralized governance platform. Altcoins Touted as digital silver to Bitcoin’s gold, Litecoin has suddenly awakened, putting on nearly 20% in 4 days. Technology Ledger has come under stinging criticism from its community over its latest seed phrase recovery idea, with members taking to social media to voice their disapproval. DeFi platform Yield App has formed strategic ties with emerging fintech firm Volt to enhance access and revolutionize crypto engagement. Business Britain's most valuable fintech company, Revolut, could face disappointment as the Bank of England plans to reject its application for a banking license. Hong Kong-based Hashkey Group, a prominent player in the cryptocurrency investment landscape, is embarking on an ambitious funding drive for a valuation of $1 billion. Bankrupt crypto exchange FTX and its sister entity Alameda Research have sued their former executives Sam Bankman-Fried, Gary Wang, and Nishad Singh. The third iteration of the Voyager bankruptcy plan has finally been approved by the court. According to the terms, affected customers can expect to recover up to 35% of their claims. The Indian cryptocurrency industry has petitioned the government and the RBI to restore its access to the hugely popular UPI for cryptocurrency-related services and activities. Ripple has acquired one of the most well-known crypto custodians, Metaco, for $250 million. BlockFi has announced that it plans to liquidate its crypto lending platform to pay back creditors. Gibraltar-based Xapo Bank is forging ahead with expanding support for different types of digital assets. OpenAI CEO Sam Altman’s Worldcoin project has reportedly secured $100 million in fresh funding. Worldcoin is Altman’s planned iris-scanning cryptocurrency. Premier crypto exchange Binance recently announced its shift towards automation with the introduction of Trading Bots. Regulation The New York Attorney General’s office has slapped a $4.3 million fine on the crypto exchange Coin Cafe due to its allegedly outrageous fee structure. In an apparent hardening of its stance against crypto, Pakistan’s government has stated that it would ban cryptocurrency services operational in the country and would never legalize crypto trading. The SEC faced another roadblock in its Ripple lawsuit as a judge ruled against its motion to block the controversial Hinman documents from being made public. The UK Treasury Committee released a report compelling the government to regulate retail crypto trading not as financial assets but as gambling instruments. On Tuesday, EU states voted in favor of MiCA, the world’s first comprehensive set of rules regulating crypto assets. The SEC has responded to Coinbase’s request for clarity regarding crypto regulation and refused to entertain the exchange’s demands. G7 committee members recently met in Niigata, Japan, to discuss global financial implications for CBDCs and crypto regulation ahead of the annual G7 summit, Following a legal dispute, the SEC has revised its fine against LBRY from $22 million to just over $111,000. The director of the DOJ’s National Cryptocurrency Enforcement Team (NCET) said the US is stepping up scrutiny of crypto exchanges. The Reserve Bank of Zimbabwe’s first gold-backed cryptocurrency sale has been a resounding success after selling around 14 billion Zimbabwe dollars’ worth of gold-backed tokens. Digital asset firm Bakkt has delisted 25 out of the 36 tokens on its recently acquired Apex Crypto platform. Web3 Horizon Blockchain Games and Polygon Labs have announced a strategic partnership designed to revolutionize web3 infrastructure. Coinbase Cloud, the crypto exchange's cloud services arm, recently announced a partnership with Chainlink Network to expand its presence in the decentralized sphere. Security Developers of a decentralized exchange based on Arbitrum called Swaprum have drained $3 million worth of ETH from the protocol in what looks to be an apparent rug pull or exit scam. LayerZero Labs and Immunefi have announced their collaboration to launch an unprecedented $15 million bug bounty program. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Miami, FL, United States, May 18th, 2023, ChainwireBorderless Capital is the manager behind this new fund. Investors include Jump Crypto, Aptos Labs, Polygon Ventures, Solana Foundation, Algorand Foundation, GSR, Arrington Capitalamong other institutionsOver twenty blockchain teams and venture funds have teamed up to launch a $50 million Cross-Chain Ecosystem Fund focused on backing and growing new startups that leverage the Wormhole cross-chain messaging protocol. The Cross-Chain Ecosystem Fund is being managed and operated by Borderless Capital, a leading venture capital firm in the Web3 space. Backed by top blockchain protocols, infrastructure providers, and institutional investors, the fund aims to support cross-chain innovations that will drive the growth and adoption of the Web3 industry. The Cross-Chain Ecosystem Fund is backed by Jump Crypto, Polygon Ventures, Aptos Labs, Solana Foundation, Sei Foundation, Algorand Foundation, CLabs (the company behind the Celo Blockchain), the Moonbeam Foundation, Optimism, Circle, MultiCoin GP’s Tushar Jain and Kyle Samani, Arrington Capital, GSR, Floating Point Group, Chainlayer, Chainode Tech, 01Node, Staking Fund, Moonlet.io, Forbole Ventures, Syncnode, Inotel, Triton One, Strangelove, Securitize’s CEO Carlos Domingo, OtterSec among others.Navigating the Web3 landscape is becoming increasingly challenging due to the proliferation of numerous layer-1 blockchains, layer-2 scaling solutions, and specialized appchains with unique purposes and parameters. This complexity poses difficulties for users and alienates developers who are restricted from accessing a single ecosystem, hindering their growth. The Cross-Chain Ecosystem Fund seeks to unlock the full potential of a cross-chain future, aiming to redefine users' experiences and establish Wormhole as the cross-chain standard for builders to transcend the limitations of individual ecosystems.This innovation prioritizes aggregation, security, scalability, compatibility, and composability."We believe in a borderless Web3 future and are thrilled to have the support of our partners and investors who share our vision. In the same way that in Web2 the value was created through aggregating the relationship with the users we believe that in Web3 this is the natural next step" said David Garcia, CEO & Managing Partner of Borderless Capital. "Our goal is to empower builders to transcend the limitations of individual ecosystems, paving the way for blockchain applications and protocols to realize their full potential."Wormhole, the technological focus of the Fund, is a foundational protocol that enables cross-chain messaging of value and data across more than 23 high-value chains, already leveraged by influential protocols and companies like Uniswap, Circle and Base from Coinbase.“Crypto is still a nascent industry with essentially limitless growth opportunity, and we should be doing nothing but working together, regardless of which specific networks individuals may be more passionate about. It’s really exciting to see so many ecosystems come together with leading venture funds to unite on solving the interoperability challenge by supporting startups that integrate Wormhole’s cross-chain messaging standard,” said Dan Reecer, Head of Operations at Wormhole Foundation.Builders, founders and developers looking to reach across ecosystems can apply to the Cross-Chain Ecosystem fund at wormhole.com/programs. Applications will be reviewed by the fund manager, Borderless Capital, starting this month.About BorderlessBorderless is a leading investment management firm focused on Web3 technology, dedicated to supporting the next generation of innovators who are driving the development of groundbreaking technologies that will enable the creation of value without borders. Borderless comprises a team of builders, partners, and investors who adopt a long-term perspective and strive to unleash the full potential of open, community-driven networks. Since 2018, Borderless has invested in 200+ protocols/companies across infrastructure, business applications, and nascent cryptographic protocols, and has played an integral role in the development of some of the most significant and innovative Web3 communities. For more information, please visit their website.About WormholeWormhole is the industry standard cross-chain messaging protocol powering applications across Web3. Wormhole provides developers access to liquidity and users on over 20 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more. Wormhole enables a growing suite of products to build on its messaging layer. Wormhole Connect is an in-app bridging widget that can be integrated in as few as 3 lines of code. The wider Wormhole network is trusted and used by teams like Circle (USDC) and Uniswap, and to date, the platform has facilitated the transfer of over 35 billion dollars through hundreds of millions of cross-chain messages.ContactBorderless [email protected]

Premier decentralized exchange platform Uniswap is set to launch on Polkadot's Moonbeam parachain, with the integrations tabled through its decentralized governance platform. Uniswap's plans for a more diversified offering have gained traction with its proposed launch on Moonbeam, Polkadot's parachain. This move, unanimously approved on Uniswap's governance forum, is set to thrust the DEX into a promising decentralized environment that emulates Ethereum's functionality, fostering app portability. Smart contracts for the exchange are already on Moonbeam; only front-end integration and auto router updates are yet to to be implemented. 1/ @Uniswap - the most popular decentralized exchange by daily traded volume - is coming to Polkadot via the @MoonbeamNetwork parachain, increasing volume & liquidity across the ecosystem! pic.twitter.com/lKaceLv6ce — Polkadot (@Polkadot) May 17, 2023 Moonbeam, concentrating on a developer-friendly atmosphere similar to Ethereum, makes it seamless for developers to move their Ethereum applications over to the Polkadot network, an interconnected web of blockchains referred to as parachains. Polkadot's relay chain ensures that these parachains share security. Uniswap's current emphasis is on managing initial liquidity issues for the new platform. The proposal cautions about temporary liquidity bootstrapping absences due to market instability. As a solution, contributors to the proposed implementation are considering applying for a Moonbeam grant to expedite liquidity provision, implying the funds, if approved, would be governed by Uniswap's decentralized autonomous organization (DAO). Omar Elassar, business development executive at Polkadot developer Parity Technologies, echoed the positive sentiments in an accompanying announcement. Elassar claims that the new integration would enhance the speed and security for Uniswap users: “Polkadot is a strong fit for Uniswap, whose users can discover everything the network’s parachains offer, such as high performance, scalability, security, and interoperability." Polkadot is composed of intricate network of interconnected blockchain networks or "parachains", offers shared security through the Polkadot relay chain. The Moonbeam parachain, a component of this network, is strategically designed to emulate the Ethereum developer environment. This design seeks to simplify the process for developers looking to transition their Ethereum applications into the Polkadot ecosystem. Uniswap remains as the world's largest decentralized exchange by trading volume, averaging at roughly $550 million in daily movement, according to CoinMarketCap data. Born within the Ethereum network, Uniswap has been consistently extending its reach into other networks. A testament to this drive includes the launch of a BNB Chain version and its a deployment to Polygon zkEVm. Uniswap also has an iOS app version, which was met with some restriction by Apple. The news of this integration also coincides with a related proposal on Uniswap's governance forum, where contributors she256, Michigan Blockchain, and GFX Labs proposed a Uniswap V3 integration with Coinbase's Layer 2 blockchain infrastructure, Base. This is still subject to an on-chain governance vote, but will eventually be considered if it receives enough approval. If approved, GFX Labs manage the contracts' technical implementation on Base, following the proposal's approval. Base's potential benefits are already drawing interest from key players like Uniswap's founder Hayden Adams, who has expressed anticipation for deploying the DEX on the network via the native canonical bridge, supervised by Base's core developers. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The decentralized exchange gets a Polkadot version via the Moonbeam network.

They say that when the crypto market hibernates, serious projects constructing the infrastructure of the industry are able to focus on building, without the background noise of hyped up tokens and bandwagons. Think of it like staying late in the office to catch up—no phone calls, nudging coworkers, or small talk. Just deep work. So it seems there are more than a few serious projects in Web3 gaming. The industry was able to raise $4.5 billion in venture capital last year despite harsh market conditions. Web3 gaming still, however, needs solutions to an overall developer shortage and an abundance of flawed UX that effectively holds back its efforts to create crossover appeal with traditional gamers. Furthermore, many critics point the finger at the lack of sustainable models and solid content-creator strategies as reasons for Web3 not being able to be a reliable gaming ecosystem. Leading blockchain startup Spielworks aims to fill these blindspots by launching Wombat X, a Web3 gaming accelerator to empower Web3 gaming projects to enhance their gaming experience and grow their audiences. The Wombat X accelerator enables innovative Web3 games to register and to bootstrap Spielworks’s Wombat audience, one of the biggest Web3 gaming platforms. With more than 3 million sign-ups and 65,000 daily users, the Wombat ecosystem incorporates a multi-chain noncustodial Wombat Wallet, crypto rewards platform Womplay featuring 40 AA and AAA supported titles, and Top 20 NFT staking game Wombat Dungeon Master counting 1.5 million staked NFTs. Highlighting the list of partners in the accelerator are Cronos, the first EVM-compatible Layer-1 network built on Cosmos SDK supported by Crypto.com and more than 400 developers and partners, and Newcoin, a Web3 infrastructure integrating economic, social, and cultural exchanges into an intuitive flow, solving network fragmentation problems. Spielworks CEO and Co-Founder Adrian Krion said of Wombat X: “Web3 gaming is in a beta stage currently and there is a pressing need to establish best practices around game development to ensure the industry’s long-term sustainability. By working with a wide range of promising Web3 gaming projects and startups, Wombat X aims to facilitate a more mature ecosystem. Our unique program provides a diverse educational curriculum while exposing our participants to Spielworks’ Wombat platform, the biggest Web3 gaming platform. Needless to say, we and all our partners can’t wait to launch.” With Wombat’s massive audience and Cronos’s established Web3 ecosystem, each game will receive invaluable exposure to its gaming audience for free, coaching and fast-tracking in Cronos’s own grant program. For Newcoin, its Web3 graph infrastructure emphasizing high-end fashion and creators makes it a natural fit for Wombat X’s focus on gaming to enhance the user experience. To apply for Wombat X, applicants must meet these requirements: A playable demo release Integration with Wombat as preferred login option Integration with Cronos or one of Wombat’s supported blockchains (Wax, Polygon, BNB Chain, Ethereum, EOS, and more) A share of 0.3 percent of your token supply for Wombat’s audience Integration with Wombat’s Tracking software development kit (SDK) Other early participants in the Wombat X accelerator program include Web3 development studio Avicenne, open-source platform EOS Network Foundation, Web3 gaming analytics platform Lifty, and gaming infrastructure platform Beamable. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.