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[PRESS RELEASE – San Francisco, California, January 30th, 2024] Linera, the layer-1 blockchain protocol pioneering microchains to give users their own blockspace, today announced the deployment of its Devnet. Founded by Mathieu Baudet, a former Meta researcher and infrastructure engineer who helped develop the technology underlying Novi digital payments called FastPay, Linera’s technology brings unprecedented […]

Linera Launches Public Devnet to Expand its Breakthrough Microchain Technology to Rust Developers

Ethereum's ACDE 171 event focused on network security, privacy, Devnets, audits, Holesky launch, private ETH transfers, and EIP-6780 changes.

Solana-based smart contract automation protocol, Clockwork, is set to shut down by the end of October due to what its founder, Nick Garfield, describes as a "limited commercial upside." The decision underscores a growing trend of closures within the Solana ecosystem. Clockwork's impending closure is not an isolated event within the Solana ecosystem. Earlier this year, the decentralized finance (DeFi) platforms Friktion and Everlend Finance also closed their doors. Notably, Cardinal, another Solana-based nonfungible token (NFT) protocol, also announced its wind-down in late June, citing economic conditions despite having raised $4.4 million around a year earlier. In a series of posts on X (formerly Twitter) dated Aug. 27, Garfield stated that active development on Clockwork will cease and that the protocol's nodes on both the devnet and mainnet will be deactivated as of Oct. 31. The move comes as the Clockwork team weighs the "simple opportunity cost" of continuing the protocol against the lure of other potentially more lucrative opportunities. Hi all, bittersweet news today. The team and I behind @clockwork_xyz have decided to step away from active development of the protocol. 1/ — Nick (@time_composer) August 27, 2023 Clockwork was designed to facilitate scheduled transactions on the Solana network and to automate the running of applications through smart contracts triggered by specific events. Despite its pending shutdown, Garfield confirmed that Clockwork’s code will remain open-source and freely available. He encouraged interested developers to "fork and ship" the protoccol should they wish to continue its development. Funding and investor concerns also weigh on the matter. According to Crunchbase, Clockwork secured $4 million in seed funding last August in a round co-led by Multicoin Capital and Asymmetric, with additional participation from Solana Ventures. Responding to queries about the return of the seed funding to investors, Garfield stated that a "meaningful portion" of the funds still exists, but no decision has been made yet on its future allocation. Disclaimer: This article is intended for informational purposes only and should not be construed as financial or investment advice.

Solana-based smart contract automation protocol, Clockwork, is set to shut down by the end of October due to what its founder, Nick Garfield, describes as a "limited commercial upside." The decision underscores a growing trend of closures within the Solana ecosystem. Clockwork's impending closure is not an isolated event within the Solana ecosystem. Earlier this year, the decentralized finance (DeFi) platforms Friktion and Everlend Finance also closed their doors. Notably, Cardinal, another Solana-based nonfungible token (NFT) protocol, also announced its wind-down in late June, citing economic conditions despite having raised $4.4 million around a year earlier. In a series of posts on X (formerly Twitter) dated Aug. 27, Garfield stated that active development on Clockwork will cease and that the protocol's nodes on both the devnet and mainnet will be deactivated as of Oct. 31. The move comes as the Clockwork team weighs the "simple opportunity cost" of continuing the protocol against the lure of other potentially more lucrative opportunities. Hi all, bittersweet news today. The team and I behind @clockwork_xyz have decided to step away from active development of the protocol. 1/ — Nick (@time_composer) August 27, 2023 Clockwork was designed to facilitate scheduled transactions on the Solana network and to automate the running of applications through smart contracts triggered by specific events. Despite its pending shutdown, Garfield confirmed that Clockwork’s code will remain open-source and freely available. He encouraged interested developers to "fork and ship" the protoccol should they wish to continue its development. Funding and investor concerns also weigh on the matter. According to Crunchbase, Clockwork secured $4 million in seed funding last August in a round co-led by Multicoin Capital and Asymmetric, with additional participation from Solana Ventures. Responding to queries about the return of the seed funding to investors, Garfield stated that a "meaningful portion" of the funds still exists, but no decision has been made yet on its future allocation. Disclaimer: This article is intended for informational purposes only and should not be construed as financial or investment advice.

Dymension, the startup building out an interconnected network of modular blockchains called RollApps, will launch its incentivized testnet by the end of this month, enabling developers to interact with its IBC-compatible rollups for the first time and start building more scalable dApps. Using the testnet, developers will be able to deploy RollApps easily using Dymension’s command line tool Roller. The startup said the deployment of its testnet was made possible by a collaboration with the data-focused networks Avail and Celestia, and enables builders to create their first RollApps using customizable virtual machines including the Ethereum Virtual Machine. Dymension is all about bringing scalability to the Web3 world through the use of application-specific rollups, which are based on the same scaling technology that’s used by so-called Layer-2 networks like Polygon, Avalanche, Fuel and Boba Network. What’s different about Dymension’s RollApps is that they’re the only one of their kind that provide full compatibility with IBC and the Cosmos ecosystem out of the box. They’re also data-agnostic thanks to their ability to connect to any data availability network. Although Dymension is competing in a very competitive niche, the potential of its technology is widely regarded. Earlier this year, the startup was able to raise $6.7 million in a funding round led by Big Brain Holdings and Stratos, with participation from DraftKings’ Shalom Meckenzie and DAO matchbox. Dymension has ambitions to accelerate Web3’s growth by helping developers to shift away from Ethereum and its scaling constraints. Dymension’s incentivized testnet follows the successful implementation of its devnet in June, where more than 500 RollApps were deployed by early adopters. Each of those RollApps is connected to the Dymension Hub to provide a secure and reliable bridge to the IBC ecosystem. With RollApps, the task of achieving consensus is delegated to Dymension Hub, paving the way for highly secure and super-fast blockchains with a sub 0.2 seconds transaction finality. The Dymension Hub handles all aspects of interoperability, vastly simplifying the process of interacting with RollApps to enable more cost-effective and scalable dApps. Its biggest impact comes in terms of reducing the infrastructure costs associated with the deployment of dApps, Dymension said. Following the success of the devnet, Dymension says it’s confident that it can attract even more interest in its RollApps from the wider Cosmos and Ethereum ecosystems due to its unique status as the only rollup provider that offers IBC as a bridge. When the testnet launches, users will be able to interact with RollApps through the Dymension Portal, which is its primary web interface. From the portal, users can view various ecosystem statistics and bridge over IBC using the MetaMask wallet. Dymension said all RollApps deployed on the testnet will publish their data to Avail and Celestia, with Cosmos and Ethereum to be added in a future update. In addition, Dymension supports a choice of VMs, including EVM, CosmWasm and others. This overcomes another key limitation for developers, who have traditionally always had no choice but to use the standard VM of the ecosystem they’re building in. 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.

Dymension, the startup building out an interconnected network of modular blockchains called RollApps, will launch its incentivized testnet by the end of this month, enabling developers to interact with its IBC-compatible rollups for the first time and start building more scalable dApps. Using the testnet, developers will be able to deploy RollApps easily using Dymension’s command line tool Roller. The startup said the deployment of its testnet was made possible by a collaboration with the data-focused networks Avail and Celestia, and enables builders to create their first RollApps using customizable virtual machines including the Ethereum Virtual Machine. Dymension is all about bringing scalability to the Web3 world through the use of application-specific rollups, which are based on the same scaling technology that’s used by so-called Layer-2 networks like Polygon, Avalanche, Fuel and Boba Network. What’s different about Dymension’s RollApps is that they’re the only one of their kind that provide full compatibility with IBC and the Cosmos ecosystem out of the box. They’re also data-agnostic thanks to their ability to connect to any data availability network. Although Dymension is competing in a very competitive niche, the potential of its technology is widely regarded. Earlier this year, the startup was able to raise $6.7 million in a funding round led by Big Brain Holdings and Stratos, with participation from DraftKings’ Shalom Meckenzie and DAO matchbox. Dymension has ambitions to accelerate Web3’s growth by helping developers to shift away from Ethereum and its scaling constraints. Dymension’s incentivized testnet follows the successful implementation of its devnet in June, where more than 500 RollApps were deployed by early adopters. Each of those RollApps is connected to the Dymension Hub to provide a secure and reliable bridge to the IBC ecosystem. With RollApps, the task of achieving consensus is delegated to Dymension Hub, paving the way for highly secure and super-fast blockchains with a sub 0.2 seconds transaction finality. The Dymension Hub handles all aspects of interoperability, vastly simplifying the process of interacting with RollApps to enable more cost-effective and scalable dApps. Its biggest impact comes in terms of reducing the infrastructure costs associated with the deployment of dApps, Dymension said. Following the success of the devnet, Dymension says it’s confident that it can attract even more interest in its RollApps from the wider Cosmos and Ethereum ecosystems due to its unique status as the only rollup provider that offers IBC as a bridge. When the testnet launches, users will be able to interact with RollApps through the Dymension Portal, which is its primary web interface. From the portal, users can view various ecosystem statistics and bridge over IBC using the MetaMask wallet. Dymension said all RollApps deployed on the testnet will publish their data to Avail and Celestia, with Cosmos and Ethereum to be added in a future update. In addition, Dymension supports a choice of VMs, including EVM, CosmWasm and others. This overcomes another key limitation for developers, who have traditionally always had no choice but to use the standard VM of the ecosystem they’re building in. 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.

San Francisco, USA, August 16th, 2023, ChainwireLinera reaches a total of $12M in seed funding. The new round of funding was led by Borderless Capital with contributions from a16z crypto, Laser Digital Ventures, Matrixport, Flow Traders, GSR Markets, and moreLinera, the first blockchain network scalable via microchains, has successfully closed an additional $6M round, led by Borderless Capital. Founded by Mathieu Baudet, former Meta researcher on the Novi digital payments wallet and a cryptographic protocols specialist, Linera's pioneering technology aims to bring web2 scalability to web3 applications by introducing an unlimited number of user chains powered by an elastically scalable network.Linera has now secured a total of $12M in seed funding, with the most recent $6 million follow-on investment round led by Borderless Capital. Notable participants include Laser Digital Ventures, DFG, Cadenza, Block1, Eterna Capital, MH Ventures, Matrixport, L2IV, ArkStream, Flow Traders, GSR Markets, and Open Web Collective (OWC), alongside continued support from a16z crypto, Tribe Capital, and Cygni Capital, who participated in the initial seed round.“Among new web3 architectures emerging like the move away from a single monolithic blockchain, Linera’s microchains are a completely new and necessary evolution. Further, Linera’s capacity for linear scaling is designed to support millions and conceivably billions of simultaneous transactions. And, while unprecedented, this kind of performance and reliability is essential for web3 to actually scale applications like payments, messaging, trading, AI, and more to billions of users around the world," said Alpen Sheth, Senior Partner at Borderless Capital. "Linera has made significant progress since we led their initial seed round last year, and we're excited to expand our support for the project. Mathieu and the Linera team have designed a truly innovative multi-chain architecture that unlocks a broader design space for developers and their end users. We can't wait to see how the ecosystem takes shape and the utilities it enables as Linera advances into the devnet and testnet phases," said Ali Yahya, General Partner at a16z crypto.Linera recently made its initial software development kit (SDK) available for testing, targeting Rust developers. Thanks to the new funding, Linera will be expanding the team, launching a devnet and a testnet for the protocol and fostering a strategic presence in the APAC region while continuing to grow their developer academy.From microchains to mass-scalable applicationsThe competition for blockspace in traditional Layer 1 blockchains, coupled with limited production rates and block sizes, creates a bottleneck during traffic peaks, leaving users outpriced or delayed, rendering the infrastructure effectively unavailable.“We’ve taken a step back to completely redesign a blockchain infrastructure that scales from the start,” said Mathieu Baudet, founder and CEO of Linera. “Linera’s unique multi-chain architecture ensures predictable performance, responsiveness, and robust security at Internet scale."Linera empowers developers to create high-speed web3 applications used by a large number of active users in parallel, revolutionizing decentralized infrastructure for a variety of use cases, including retail payments, gaming micro-payments, messaging, proprietary trading, and blockchain bridges.The Linera system scales by adding chains, not by increasing the size or the production rate of blocks. Its groundbreaking microchain model grants each individual user their own lightweight chains, which integrate into browser extensions or mobile devices for streamlined web3 app interactions within their wallets. During times of high demand, Linera's validators expand dynamically like elastic web services.Linera's innovative design is rooted in the expertise that Mathieu Baudet acquired at Meta while contributing to the Libra (now Diem) blockchain and co-authoring the academic paper "FastPay", which laid the foundations for the Linera protocol. Bernadette Cay, Linera's COO, brings extensive experience in launching products from Google and MoPub, the mobile ad exchange acquired by Twitter.About LineraLinera is the first low-latency blockchain designed to scale elastically like web2 applications. Founded by Mathieu Baudet, a former Meta Novi engineer and researcher, with a PhD in cryptographic protocols, Linera revolutionizes blockchain scalability by introducing microchains, removing mempools, and minimizing validator interactions. Linera optimizes performance for web3 applications used by a large number of active users in parallel, enabling unprecedented horizontal scalability for use cases such as retail payments, gaming micro-payments, messaging, proprietary trading, and blockchain bridges.Join us in creating the next generation of high-performance decentralized applications. Learn more at linera.ioAbout 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 made 200+ investments 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 at borderlesscapital.ioContactPR DirectorKarla VilhelemMarket [email protected]

San Francisco, USA, August 16th, 2023, ChainwireLinera reaches a total of $12M in seed funding. The new round of funding was led by Borderless Capital with contributions from a16z crypto, Laser Digital Ventures, Matrixport, Flow Traders, GSR Markets, and moreLinera, the first blockchain network scalable via microchains, has successfully closed an additional $6M round, led by Borderless Capital. Founded by Mathieu Baudet, former Meta researcher on the Novi digital payments wallet and a cryptographic protocols specialist, Linera's pioneering technology aims to bring web2 scalability to web3 applications by introducing an unlimited number of user chains powered by an elastically scalable network.Linera has now secured a total of $12M in seed funding, with the most recent $6 million follow-on investment round led by Borderless Capital. Notable participants include Laser Digital Ventures, DFG, Cadenza, Block1, Eterna Capital, MH Ventures, Matrixport, L2IV, ArkStream, Flow Traders, GSR Markets, and Open Web Collective (OWC), alongside continued support from a16z crypto, Tribe Capital, and Cygni Capital, who participated in the initial seed round.“Among new web3 architectures emerging like the move away from a single monolithic blockchain, Linera’s microchains are a completely new and necessary evolution. Further, Linera’s capacity for linear scaling is designed to support millions and conceivably billions of simultaneous transactions. And, while unprecedented, this kind of performance and reliability is essential for web3 to actually scale applications like payments, messaging, trading, AI, and more to billions of users around the world," said Alpen Sheth, Senior Partner at Borderless Capital. "Linera has made significant progress since we led their initial seed round last year, and we're excited to expand our support for the project. Mathieu and the Linera team have designed a truly innovative multi-chain architecture that unlocks a broader design space for developers and their end users. We can't wait to see how the ecosystem takes shape and the utilities it enables as Linera advances into the devnet and testnet phases," said Ali Yahya, General Partner at a16z crypto.Linera recently made its initial software development kit (SDK) available for testing, targeting Rust developers. Thanks to the new funding, Linera will be expanding the team, launching a devnet and a testnet for the protocol and fostering a strategic presence in the APAC region while continuing to grow their developer academy.From microchains to mass-scalable applicationsThe competition for blockspace in traditional Layer 1 blockchains, coupled with limited production rates and block sizes, creates a bottleneck during traffic peaks, leaving users outpriced or delayed, rendering the infrastructure effectively unavailable.“We’ve taken a step back to completely redesign a blockchain infrastructure that scales from the start,” said Mathieu Baudet, founder and CEO of Linera. “Linera’s unique multi-chain architecture ensures predictable performance, responsiveness, and robust security at Internet scale."Linera empowers developers to create high-speed web3 applications used by a large number of active users in parallel, revolutionizing decentralized infrastructure for a variety of use cases, including retail payments, gaming micro-payments, messaging, proprietary trading, and blockchain bridges.The Linera system scales by adding chains, not by increasing the size or the production rate of blocks. Its groundbreaking microchain model grants each individual user their own lightweight chains, which integrate into browser extensions or mobile devices for streamlined web3 app interactions within their wallets. During times of high demand, Linera's validators expand dynamically like elastic web services.Linera's innovative design is rooted in the expertise that Mathieu Baudet acquired at Meta while contributing to the Libra (now Diem) blockchain and co-authoring the academic paper "FastPay", which laid the foundations for the Linera protocol. Bernadette Cay, Linera's COO, brings extensive experience in launching products from Google and MoPub, the mobile ad exchange acquired by Twitter.About LineraLinera is the first low-latency blockchain designed to scale elastically like web2 applications. Founded by Mathieu Baudet, a former Meta Novi engineer and researcher, with a PhD in cryptographic protocols, Linera revolutionizes blockchain scalability by introducing microchains, removing mempools, and minimizing validator interactions. Linera optimizes performance for web3 applications used by a large number of active users in parallel, enabling unprecedented horizontal scalability for use cases such as retail payments, gaming micro-payments, messaging, proprietary trading, and blockchain bridges.Join us in creating the next generation of high-performance decentralized applications. Learn more at linera.ioAbout 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 made 200+ investments 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 at borderlesscapital.ioContactPR DirectorKarla VilhelemMarket [email protected]

Las Vegas, Nevada, July 25th, 2023, ChainwireXandeum, a trailblazing blockchain startup committed to accelerating humanity's transition to decentralized control, announces its highly anticipated launch on July 30, 2023, at 11:00 am PT.Leveraging the power of blockchain technology, Xandeum's mission is to empower collective self-determination by creating a scalable, blockchain-based storage layer for smart contracts, which adds a new dimension to the decentralized web. Named External Global Grouped Storage (EGGS), this solution pioneers a new era of storage-enabled Web3 apps (sedApps) on Xandeum.In a departure from the traditional model of seeking venture capital, Xandeum prioritizes community control by selling node licenses directly to its users. The grand launch will introduce an incentivized purchase model, creating a buzz for this revolutionary blockchain project."Xandeum is all about transforming the world of blockchain," said Bernie Blume, founder of Xandeum. "We're not just creating another blockchain; we're creating a holistic platform that integrates advanced blockchain technology with a revolutionary storage solution, paving the way for fully-fledged, storage-enabled Web3 apps."The grand launch introduces an attractive purchase model: the first transaction to purchase a node will receive a generous 50% rebate, the second 49%, the third 48%, and so on until the 50th transaction, which will still secure a 1% rebate.This follows Xandeum's track record of success, already having sold over 2,809 nodes for proceeds surpassing $1.9 million under the prior brand name Bitoku. By opening the market to its community, Xandeum aims to foster further expansion and innovation.“Our community just loves to embark on this journey so early, at least 4 to 5 months ahead of the ICO, in order to reap the maximum benefits.” notes Blume.Post-launch, Xandeum will roll out an incentivized Devnet on August 15, followed by a Testnet in the fall, an ICO of the XAND token in November and a beta version of the mainnet scheduled for 2024."Join us in this exciting journey. Visit our website, explore the lightpaper and the RFC version of our technical whitepaper, check out the roadmap, and prepare to participate in our grand launch," urged Blume.Users are invited to join the blockchain revolution at xandeum.com and prepare for the Grand Launch. Xandeum.com is set to take blockchain technology to the next level.About XandeumXandeum is a blockchain startup aimed at advancing blockchain technology. With projects like the development of the Xandeum blockchain, the integration of the Move language, and building the EGGS storage layer for smart contracts, Xandeum is pushing the boundaries of decentralized control and collective self-determination.For more information: Official Website | Discord | TwitterContactCEOBernie BlumeXandeum [email protected]

At a recent concert, 5,000 of the pop star’s fans opened digital wallets through the EVNTZ app, paving the way for future blockchain-based rewards.

IoTeX has made waves with the official release of W3bstream Devnet, positioning itself as the first-ever provider of comprehensive tools and infrastructure for building transformative Decentralized Physical Infrastructure Networks (DePIN) dApps. This groundbreaking launch is set to speed up the DePIN sector’s development process, slashing costs by 10x and accelerating go-to-market time for developers from two years to about two months. W3bstream, IoTeX's flagship technology, empowers developers to quickly and easily build dynamic dApps for mobility networks, energy systems, sensor networks, AI computing frameworks, and more. With the advent of Devnet, developers gain unprecedented access to cutting-edge features, enabling seamless connectivity between billions of smart devices and smart contracts, unlocking a world of limitless innovation and societal impact. "At IoTeX, we are trailblazers in offering developers out-of-the-box services to create DePIN dApps that reward users for their actions or incentivize specific behaviors," explains Raullen Chai, CEO and Founder of IoTeX. "The release of W3bstream Devnet marks a turning point for the DePIN sector, projected to become the most significant trend in the Web3 industry, akin to the rise of DeFi in recent years," he added. DePIN has emerged as a driving force propelling the next wave of Web3 adoption. By addressing the limitations of centralized smart device connectivity and applications, such as security, reliability, privacy, and data ownership, the DePIN market will grow to a staggering $3 trillion by 2028. IoTeX's W3bstream aims to reshape the smart device landscape, ushering in a new era of enhanced user experiences and improved quality of life. The Power of W3bstream Devnet Devnet is the first public implementation of W3bstream's chain and device-agnostic architecture and represents a significant milestone in IoTeX's quest to simplify DePIN network development and data-driven dApp creation. Devnet provides developers with a chain-agnostic environment, facilitating the seamless crowdsourcing of real-world data from smart devices. These verifiable "proofs of real-world activity" trigger smart contracts, enabling the direct delivery of digital assets such as cryptocurrencies, stablecoins, Soulbound Tokens (SBTs), and NFTs to users. Central to Devnet is the powerful W3bstream Studio, an intuitive control center equipped with an array of developer-centric features. With the Studio's streamlined interface, developers can effortlessly orchestrate every aspect of their DePIN projects, from data reception to application logic and seamless blockchain interaction. Devnet also offers essential components such as mobile Software Development Kits (SDKs) and Web Assembly (WASM), providing developers unparalleled flexibility and convenience in creating their decentralized applications. IoTeX is committed to continuously expanding W3bstream's capabilities, with future Devnet releases set to introduce a range of out-of-the-box DePIN solutions. These include trusted token metrics for visualizing and analyzing device data on the blockchain, token proofs to validate off-chain data and facilitate token incentives, trusted location services for proof of humanity and presence, and various geo-based use cases. IoTeX's Devnet Launch Partners Numerous pioneering DePIN projects are already poised to harness W3bstream's potential. Drife, a disruptive force in the global ridesharing market, is notable among these, which has already amassed over 30,000 drivers, 100,000 registered users, and completed 250,000 rides. By utilizing W3bstream, Drife integrates verifiable mobile geo-location into its tech stack, ensuring secure tracking of routes driven and providing a trusted environment for drivers and riders alike. React Network, another prominent partner, consists of thousands of connected batteries deployed across homes, businesses, and multi-family living spaces. This innovative energy network supports the power grid during times of high demand and utilizes W3bstream to effectively manage and visualize the diverse footprint of smart devices contributing to its network. The platform efficiently processes the high volume of real-time data generated by these devices, enabling a more optimized and sustainable energy grid system. These partnerships exemplify the real-world applications of W3bstream and highlight the transformative potential of Decentralized Physical Infrastructure Networks. By leveraging the power of blockchain and smart contracts, IoTeX and its partners are revolutionizing industries and empowering users with greater control over their data and participation in the machine economy. As the world's first provider of DePIN infrastructure and tools, IoTeX is leading the way in unlocking the full potential of decentralized IoT. With the launch of W3bstream's Devnet, developers now have access to a comprehensive framework that simplifies the development process, reduces costs, and accelerates time-to-market for data-driven dApps. The possibilities for innovation and social impact are boundless as W3bstream connects billions of intelligent devices to smart contracts, creating a more inclusive and decentralized future. Sparking a new wave of adoption With Devnet, IoTeX is spearheading the DePIN revolution and paving the way for the next wave of Web3 adoption. By addressing the limitations of centralized IoT solutions and providing developers with the necessary tools and infrastructure, IoTeX is driving the transition toward a more secure, reliable, and privacy-preserving ecosystem. The launch of W3bstream's Devnet marks a significant milestone in developing Decentralized Physical Infrastructure Networks. IoTeX's commitment to democratizing IoT and empowering developers is revolutionizing the machine economy and opening up endless possibilities for innovation. With its unique features, chain-agnostic environment, and strong partnerships, W3bstream will shape the future of IoT and drive the widespread adoption of Web3 technologies. 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.

Source: Depositphotos The current bear market took a significant toll on the cryptocurrency market, with major currencies like Bitcoin and Ethereum sliding down 75%-85% from their all-time highs. With cryptocurrency prices crashing to new lows, investors became pessimistic about the future prospects of the market, leading to decreased trading volumes. However, it's important to note that crypto bear markets are a natural part of the market cycle. Investors should be prepared for the possibility of market downturns and adjust their investment strategies accordingly. In addition, many experts believe that the crypto bear market presents the ideal opportunity to build crypto projects. How the Bear Market is the Best Time to Build The crypto bear market can be the best time to build because it presents a unique opportunity to invest time and resources in building a solid foundation for your project or business. Here are some reasons why. Lower competition: Many people lose interest in cryptocurrencies and sell their holdings during a bear market. This results in lower competition in the market and a reduced number of new projects being launched. As a result, it is easier for developers to stand out from the crowd and gain attention for their projects. Lower costs: As the market goes down, the cost of resources like computing power, hosting, and other infrastructure may decrease. This can be an excellent time for developers to invest in their project's infrastructure and lay a strong foundation at a lower cost. Time to focus: There is less hype and excitement around cryptocurrencies during a bear market. This can give developers the time and space to focus on their projects and build a solid product without being distracted by the latest market news or price fluctuations. Evaluating mistakes: The bear market is an excellent opportunity to learn from past mistakes and improve projects. It is an opportunity to assess what worked and what did not work during the previous bull market and make the necessary changes. Build a loyal community: In a bear market, people who remain invested in cryptocurrencies are typically more committed and devoted to the ecosystem. This can be an excellent opportunity to build a strong community around projects and develop relationships with people who share the project’s vision. Overall, a crypto bear market can be challenging but can also provide valuable opportunities to build a strong foundation for a project or business. By focusing on building during these times, developers may be setting themselves up for success when the market eventually turns around. Steps Crypto Users Can Take While Waiting for the Next Bull Run The cryptocurrency market has been known to experience cycles of price surges and drops, and investors can sometimes face a waiting period for the next bull market to arrive. Here are some steps that users can take while waiting for the next bull run: Research: It is essential to educate oneself about the cryptocurrency market continually. Users can research different cryptocurrencies and their growth potential, read about the latest developments in the industry, and stay up-to-date with news and events that may impact the market. Portfolio Management: Users can analyze and re-evaluate their cryptocurrency portfolios. It is essential to assess the performance of one's current holdings, evaluate the risks, and consider diversifying the portfolio with stable coins or alternative investments. Set realistic expectations: It's important to remember that the cryptocurrency market can be volatile, and price fluctuations are normal. Setting realistic expectations for the market and being patient for the next bull run is critical to success in this industry. HODL: HODLing, or holding onto one's cryptocurrency investment for the long term, is a popular strategy for those who believe in the market's long-term potential. Users can consider holding onto their investments rather than panic-selling during a bear market, which may result in losses. Risk management: It is important to remember that investing in cryptocurrency carries risks. Users can consider setting stop-loss orders to limit potential losses in case of market downturns or investing only a portion of their portfolio in cryptocurrency. Stay informed: Keeping up to date with the latest news, developments, and trends in the industry can provide insight into potential opportunities for investment or market shifts. Users can follow reliable information sources such as cryptocurrency news websites, social media accounts of cryptocurrency influencers, and forums or groups for cryptocurrency investors. As the cryptocurrency market awaits an imminent bull run in the future, below are five blockchains to have on your radar in 2023. Venom Operating under the Abu Dhabi Global Market (ADGM) jurisdiction, Venom is the world’s first licensed protocol. This guarantees its security, reliability, and regulatory compliance, making it appropriate for Web3 projects' widespread acceptance. It also features a unique architecture that combines dynamic sharding technology with L0 Masterchain, L1 workchains, and shardchains. As a result, a blockchain with great performance, infinite scalability, and lightning-fast speed is produced. All these work together to achieve high throughput on the blockchain, guaranteeing minimal transaction costs (less than $0.0002 average cost). Founded by Dr. Kai-Uwe Steck, Venom’s leadership team includes Peter Knez, a former chief investment officer of BlackRock and global chief investment officer of Barclays Global Investors, and Mustafa Kheriba, a board member for numerous family offices and an expert in long-term investments in the Middle East and North Africa. Venom sees community development and collaboration as the key to creating a more interconnected Web3 future. It has collaborated with prestigious Web3 initiatives like Hacken to establish security frameworks in DeFi and with projects like Developer DAO, Hub71, and DAO Maker to provide technical assistance and foster the expansion of budding Web3 enterprises. Venom Ventures Fund has pledged $1 billion to foster innovation by assisting and nurturing Web3 startups alongside Iceberg Capital. Venom has outlined some major plans in its future roadmap and initiatives. Venom is working on a potential testnet alongside ten dApps created on the Venom blockchain. The dApps include Venom Wallet, a non-custodial wallet and the key of the Venom ecosystem, as well as Venom Bridge, VenomScan, Web3.World, a DEX, and Oasis.Gallery, an NFT Marketplace. Users can easily swap tokens to interact with other networks on Venom Bridge and VenomScan, respectively. Finally, Venom will continue to work to establish partnerships with key industry players while advancing projects like the development of innovative dApps.Read this Venom blockchain guide to learn more about Venom. Aptos Aptos is a move-based Layer 1 blockchain platform that aims to make decentralized finance (DeFi) accessible to everyone, regardless of their technical expertise or financial resources. The platform is designed to be user-friendly, secure, and scalable, focusing on enabling seamless transactions, low fees, and high-speed processing. Born from Diem, a failed blockchain project from Meta (formerly Facebook), the Aptos blockchain was developed by Aptos Labs in 2021. The Aptos Lab team in charge of the Aptos project features former engineers and leaders from Meta’s blockchain Diem and wallet Novi and Move programming language, including co-founders Avery Ching and Mo Shaikh. Aptos raised $350M across multiple funding rounds from Web3-focused investors, including Andreessen Horowitz, Multicoin Capital, and Binance Labs — their latest funding happened on Sep 15, 2022, from a Venture - Series Unknown round. These funds were enough for a successful devnet and a series of testnets. Aptos garnered more significant traction after that. The Aptos "Autumn" Mainnet went live on October 17, 2022. The Layer 1 project later added Names Services and agreed to a partnership with Google Cloud to run a validator node on Aptos and jointly launch accelerator programs and hackathons to foster increased adoption of Web3. The Layer 1 blockchain also launched its native utility token, APT, which currently ranks in the world’s top 35 cryptocurrencies by market cap with a market value of over $1.9 billion. The next steps in the Aptos roadmap include attracting new Web3 projects, delivering higher transactions per second (TPS), making improved configurations and upgrades, and Web3 education. In May 2023, Aptos will collaborate with Outlier Ventures, a Web3 accelerator and incubator, to launch a $100,000 fund to provide early-stage crypto startups with mentorship and education. LayerZero LayerZero is a blockchain protocol that enables omnichain communication and interoperability, allowing developers to build decentralized applications across multiple blockchains. The blockchain network guarantees authentic transactions with configurable trustlessness. LayerZero connects dApps across chains using on-chain Ultra Light Nodes, which achieve the security of a light node with the cost-effectiveness of a middle chain. LayerZero is developed by LayerZero Labs and co-founded by world-class engineers: Bryan Pellegrino (CEO), Ryan Zarick (CTO), and Caleb Banister (Principal Engineer). These individuals have previously founded startups together, and co-published academic research with Noam Brown and Facebook AI Research. Thirty-two (32) investors have contributed to LayerZero Labs' funding, including Sequoia Capital, Paypal Ventures, Defiance Capital, and others. Between 2021 and 2023, the team raised $293.3 million in seven fundraising rounds. Their latest funding was raised from a Series B round on Apr 4, 2023. In addition, LayerZero Labs developed the Omnichain Fungible Token (OFT) standard, a multichain standard for fungible tokens. An OFT is a general-purpose fungible token standard that works with different established fungible token types that exist across chains. In February 2023, Trader Joe announced an integration with LayerZero Labs to launch $JOE as an OFT to unlock deeper liquidity, facilitate easy crosschain transfers and expand availability for the Trader Joe community. Fuel Network Fuel Network is an execution layer designed to introduce modularity into blockchains, making monolithic blockchains more scalable. It was created as a Layer 2 scaling technology on the Ethereum blockchain and deployed in 2020. Layer 2 networks have grown in both number and utilization, but they still face the challenge of higher gas fees during network congestion. Fuel Network is built to optimize blockchain transactions, reducing the impact of gas fees. The blockchain's stack is supported by parallel transaction execution, Fuel Virtual Machine (FuelVM), and the Sway language, which combine to make up its three main pillars. The project’s development team is led by John Adler, co-founder of Fuel Labs, Nick Dodson, CEO of Fuel Labs, and Emily Herbert, core contributor of Sway Language and Fuel Labs. Fuel Labs has successfully raised $81.5M over three rounds between 2021 and 2023, with 14 investors, including MH Ventures and Blockchain Capital, funding the project. Their most recent funding came from a Venture - Series Unknown round on February 21, 2023. Fuel Network looks to support developers using Sway to build on its protocol. Fuel Network has established a grant program to help teams develop in its ecosystem, including the Beyond Monolithic hackathon. The grant ranges from $10,000 to $150,000. Lisk Lisk is an open-source Web3 application framework created with sidechain interoperability in mind. Its Javascript SDK offers developers an easy way to launch their Lisk-compatible blockchains. The LSK token serves as the native coin for the Lisk blockchain, and the network uses Delegated Proof-of-Stake (DPoS) to reach consensus. Lisk was co-founded by globally recognized crypto entrepreneur, Max Kordek (CEO), and veteran crypto developer, Oliver Beddows (CTO), in 2016. The same year, they also co-founded Lightcurve, a renowned blockchain studio headquartered in Berlin. Lisk raised over 14,000 BTC during its initial coin offering (ICO). The LSK is currently ranked 186th in the world cryptocurrency market by market cap, with over $143 million in market value. Lisk is looking to launch a grant program in 2023 to ensure entrepreneurs can access capital to get critical project resources. The grant amount will reach up to $270,000 (CHF 250,000). Conclusion Venom, Aptos, LayerZero, Fuel Network, and Lisk are blockchain platforms that deliver unique features and functionality to the blockchain. These blockchain projects focus on creating decentralized applications, platforms, and networks that leverage blockchain technology to address specialized challenges. To keep up with the latest news and developments from these projects, it's a good idea to follow relevant subreddits, social media accounts, and official blogs. You can also sign up for newsletters or join online communities to stay up-to-date. Additionally, attending industry events, such as conferences and meetups, can be an excellent way to network and learn from experts in the field.