Sparkle(SPRKL)

Hong Kong, China, July 17th, 2023, ChainwireStartup Open Asset Standards has recently announced QED, the world's first ZK 2.0 blockchain protocol. Unlike existing zero-knowledge blockchain protocols, QED has a novel state model which is horizontally scalable, meaning it is no longer limited by TPS restrictions that have previously prevented adoption of blockchain technologies in Web2 use cases such as social networks, traditional finance, and gaming.Enabled by advances in fast recursive zero-knowledge proofs, QED is able to achieve this scale without compromising security or decentralization and proves all transactions end-to-end using proof recursion (verifying a zero-knowledge proof in a zero-knowledge proof ). This process of decentralized recursive proving culminates in a single block proof that can be verified by an Ethereum smart contract, making the protocol only reliant on the Proof of Math itself, rather than an incentive based consensus system vulnerable to collusion, hacking and misaligned incentives.As the first blockchain capable of serving billions of users in a single block, QED does away with the need for a zk-VM by compiling smart contract functions directly to zero knowledge circuits, making it the first zk-Native blockchain. QED’s novel approach to ZKP allows users to prove their own transactions on their own device in milliseconds, enabling a new privacy-centric internet where transactions are private by default and sensitive data never has to leave a user’s device.With its announcement of the QED Protocol, Open Asset Standards unveiled QED's official Dapen Smart Contract IDE. With Dapen, Web2 developers can write zk Smart Contracts in the world's 2 most popular programming languages, JavaScript and Python, which have a developer market share 357 times larger than the Solidity community which only makes up a miniscule 0.1% of the world’s developers.In addition to making blockchain accessible to more developers than ever before, Dapen has integrated support for Markdown smart contracts which allow even non-technical users to write smart contracts in English using their integration with several large language AI models (LLMs) including ChatGPT.Backed by Animoca Brands' fund Sparkle Ventures whose General Partners include Sebastien Borget, Co-founder of Sandbox, and Yat Siu, Co-founder of Animoca Brands, QED is set to see major adoption within the gaming space which regularly support millions of concurrent gamers playing at once. Due to its horizontal scaling model, QED is able to add transaction processing capacity by simply adding more proving nodes to its network, allowing large-scale gaming to integrate with blockchain technologies such as dynamic NFTs for the first time.Headed up by Founder and CEO Carter Feldman, a former childhood hacking prodigy and reverse engineer, the QED core team is made up of a diverse team from both Web2 tech giants and Web3 titans including Binance, reflecting the protocol's mission to unite Web2 and Web3.About QEDQED is the world's first zk-Native blockchain protocol, built to scale trustless computation and privacy for the next generation of the internet.Twitter: Official | FounderContactQED [email protected]

Road Town, British Virgin Islands, June 29th, 2023, ChainwireLBank Labs, the venture fund of the global crypto exchange LBank, is pleased to announce its strategic investment in ArkStream Capital. This collaboration brings together the expertise and resources of two prominent players in the blockchain industry, aiming to drive the advancement of Web3 innovation.LBank Labs, known for its protocol and exchange-agnostic approach, is committed to supporting projects through direct funding, acceleration, incubation, and extensive networking. With $100 million assets under management (AUM), the venture capitalist arm of global cryptocurrency exchange LBank has a strong track record of nurturing startups and helping them thrive. Besides direct investments in projects, the team aims to build a strong fund network via investing in global top funds to support portfolios from the network in both financial and resource value-add. Czhang Lin, an IC board member of Labs, is also personally LPs to NGC, Blockchain Founders Fund and Lemniscap, where Eric He, Co-Founder of LBank is LP to SevenX Ventures fund I, II and FOF, and IOSG Ventures.ArkStream Capital, established by a collective of crypto-native founders with diverse backgrounds from institutions such as MIT, Stanford, BlackRock, Google, and Samsung, has quickly gained recognition for its outstanding achievements. Led by Founding Partner Allen Su, whose previous venture BlockArk was a trailblazing blockchain growth company established in 2017, ArkStream Capital possesses exceptional capabilities in research and growth strategies.Notably, ArkStream Capital has earned accolades as one of the best-performing funds during the 2020-2022 cycle. Leveraging their strategic and discerning investment approach, the firm has successfully supported over 70 portfolio companies, including prominent industry players like Flow, SEI, Republic, Manta, LiveArtX, and Mask.With an unwavering commitment to fostering on-chain user adoption, ArkStream Capital is now expanding its investment scope to embrace the next phase of Web3 evolution. In addition to infrastructure investments, ArkStream Fund II will prioritize applications and user portals. Notable investments from Fund II include Linera, a cutting-edge MOVE layer-1 project; Polkastarter Gaming, the largest web3 gaming information platform; and Particle Network, an all-encompassing infrastructure solution. ArkStream Capital's co-investors in these ventures include industry giants such as Sequoia, SuperScrypt, a16z, and Alibaba."We are delighted with the investment made by LBank Labs, as it signifies a remarkable opportunity to jointly bring Web3 innovation to the vast and burgeoning user base in emerging markets,” said Allen Su, Founding Partner of ArkStream Capital."We are excited to join forces with ArkStream Capital in our shared mission to drive Web3 innovation and cater to the growing user base in emerging markets. This strategic investment represents a significant opportunity to combine our strengths and resources, accelerating the development of groundbreaking technologies that will reshape industries globally." - Jiayu, Head of FOF Investment at LBank Labs.LBank Labs and ArkStream Capital are poised to leverage their respective strengths and networks to drive forward the development of Web3 technologies, revolutionizing industries and empowering users worldwide. As part of their commitment, LBank Labs is dedicated to establishing an extended network of Fund of Funds, focusing on optimizing portfolio performance and diversification while highlighting the intrinsic value of their ecosystem network. With a strong presence in seven global regions, LBank Labs is a powerhouse for fostering collaboration and innovation cross-borders.Earlier this month, LBank Labs similarly announced strategic investment and partnerships with prominent venture funds Sparkle Ventures, Collab+Currency, and SevenX Ventures, highlighting Labs’ mission to unite key innovative players in the industry to advance Web3.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrency.Start Trading Now:lbank.comCommunity & Social Media:lTelegramlTwitterlFacebooklLinkedInlInstagramlYouTubeContactLBankpress@lbank.info

Road Town, British Virgin Islands, June 15th, 2023, ChainwireLBank Labs, the leading venture fund, has disclosed details of its investment in SevenX Ventures, a research-driven venture capital firm in Web3. The two funds aim to provide comprehensive support for blockchain projects and entrepreneurs worldwide, fueling innovation and fostering global collaboration in Web3.With $100 million assets under management (AUM), LBank Labs has a strong track record of nurturing startups and helping them thrive. The venture capitalist arm of LBank, the global cryptocurrency exchange, LBank Labs is committed to supporting projects through direct funding, acceleration, incubation, and extensive networking. In addition to direct investments, the fund aims to build a robust network by investing in top global funds, providing financial and resource value-add support to portfolios within the network.Czhang Lin, IC board member of Labs, has personally contributed as a limited partner (LP) to NGC, Blockchain Founders Fund, and Lemniscap. Eric He, Co-Founder of LBank, has been an LP to SevenX Ventures fund I, II, III and FOF from the very beginning, as well as IOSG Ventures.SevenX Ventures, headed by seasoned veterans with an average industry experience of six years, manages three main funds and a Fund of Funds (FOF), totaling approximately $300 million AUM.“SevenX is dedicated to helping our portfolio and partners build a trustless network to make the value of organizations and individuals come true in crypto and Web3,” explained Jon, Founding Partner at SevenX Ventures.SevenX Ventures has already weathered three bull and bear cycles, with a portfolio of nearly 100 projects spanning infrastructure, middleware, DeFi, gaming, and social applications. Notable portfolio companies include Near, Arweave, Zerion, YGG, Mask Network, AI Arena, Space and Time, CyberConnect, Debank, and DODO. Furthermore, SevenX Ventures plays a pivotal role in bridging infrastructures and decentralized applications (dapps) between Western and Eastern markets, making the fund an indispensable partner in Asia.LBank Labs has brought extensive financial resources and a vast global network to SevenX Ventures over the years, while SevenX Ventures has reciprocated by contributing significant value and knowledge to LBank Labs. As part of their commitment, LBank Labs aims to build a comprehensive network of Fund of Funds, enhancing portfolio performance and diversification while emphasizing the inherent value of their ecosystem network. With Labs' presence in seven global regions, they are a powerhouse for fostering collaboration and innovation cross-borders.In addition to its partnership with SevenX Ventures, LBank Labs has recently announced investments in Sparkle Ventures and Collab+Currency, two notable venture funds dedicated to supporting and nurturing projects in the Web3 ecosystem.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrency.Start Trading Now:lbank.comCommunity & Social Media:TelegramlTwitterlFacebooklLinkedInlInstagramlYouTubeContactGlobal PR DirectorJeremy Van der [email protected]

Road Town, British Virgin Islands, June 1st, 2023, ChainwireLBank Labs, a leading blockchain venture fund, is pleased to announce an investment in Sparkle Ventures, a prominent fund manager based in Luxembourg. The strategic investment aims to foster innovation and support the growth of highly-scalable Web3 infrastructures on a global scale.LBank Labs, known for its protocol and exchange-agnostic approach, is committed to supporting projects through direct funding, acceleration, incubation, and extensive networking. With $100 million in assets under management (AUM), the venture capitalist arm of global cryptocurrency exchange LBank has a strong track record of nurturing startups and helping them thrive. Besides direct investments, the team aims to build a strong fund network via investing in global top funds to support portfolios from the network in both financial and resource value-add. Czhang Lin, IC board member of Labs, is also personally LP to NGC, Blockchain Founders Fund and Lemniscap, while Eric He, Co-Founder of LBank is LP to SevenX Ventures fund I, II and FOF, and IOSG Ventures.Sparkle Ventures, acting as the strategic fund manager in conjunction with Animoca Brands, has gained recognition for its investments in cutting-edge technologies, supporting early-stage Web3 infrastructure enablers globally. Among the General Partners of Sparkle Ventures are industry veterans like Sebastien Borget, Co-Founder and COO of The Sandbox, Yat Siu, Founder and Chairman of Animoca Brands, Julien Pageaud, former head of strategic investments and tech lead at Nomura Digital, and Thibaut Chessé, former head of tech adoption for the Tezos blockchain protocol.Notable projects backed by Sparkle Ventures include institutional-grade DeFi SaaS platform Kiln.fi, data analytics software AbsoluteLabs.io, and ZKP systems Polyhedra.network and OAS.gg. Their co-investors include market giants such as Accel, BinanceLabs, Coinbase, Consensys, Matrix Partners, Polychain, and Sequoia.By investing in Sparkle Ventures, LBank Labs aims to leverage their combined expertise, networks, and resources to drive innovation in NFT, gaming and metaverse infra to advance the creation of highly scalable businesses and technologies that will shape the future of Web3."We are thrilled to invest in Sparkle Ventures to support our shared mission to accelerate the growth of transformative technologies in the Web3 space," said Jiayu Gao, Head of FOF investment at LBank Labs. "We believe this investment will empower entrepreneurs and developers to bring their ideas to life, pushing the boundaries of what is possible in the realm of Web3,” she added.With $100 million assets under management, LBank Labs brings extensive financial resources and a vast global network to Sparke Ventures. In turn, Sparkle Ventures will reciprocate by contributing significant value to LBank Labs, leveraging their expertise, strategic insights, and innovative approach to fuel mutual growth and success.The venture fund also aims to forge its commitment by building a comprehensive network of Fund of Funds, designed to enhance the performance and diversification of its portfolios while emphasizing the inherent value of its ecosystem network. Labs’ presence in seven global regions, including San Francisco, Dubai, and Shanghai, positions them as a powerhouse for fostering collaboration and innovation across borders.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies.Start Trading Now:lbank.comCommunity & Social Media:TelegramlTwitterlFacebooklLinkedInlInstagramlYouTubeContactGlobal PR DirectorJeremy Van der [email protected]

Presently, investors are seeking projects that offer huge potential returns and are backed by tangible assets. While certain altcoins such as Polygon (MATIC) have experienced huge price declines, emerging projects like Sparklo have captivated the interest of investors and traders due to its innovative investment approach. This led to the success of Sparklo&rsquo;s stage one presale as the project now thrives in stage two. >>>> BUY SPRK TOKENS >>> BUY SPRK TOKENS <<< Polygon (MATIC) remains bearish despite active addresses spike The Polygon (MATIC) blockchain has witnessed a surge in user traction lately, fueled by the introduction of new products and advancements. However, Polygon's (MATIC) price is yet to experience a breakout. According to Santiment, the number of Active Addresses (7d) rose by 22%, from 1.21 million to 1.47 million active addresses, between May 10th and May 22nd. If crypto investors continue staking in Polygon (MATIC) and user activity remains high, holders can anticipate a bullish price reversal. However, data from IntoTheBlock's IOMAP chart reveals that approximately 52,000 investors purchased 4.5 billion MATIC at an average price of $0.95. Despite the accumulation, Polygon (MATIC) faces a significant hurdle and a key resistance at $0.95. By press time, Polygon (MATIC) is trading at $0.870897, an increase of 0.94% in the last 24 hours and a 0.15% increase over the past 7 days. Find out about the Sprklo (SPRK) presale using the links below: Website: https://sparklo.finance Presale: https://invest.sparklo.finance Twitter: https://twitter.com/sparklo_finance Telegram: https://t.me/sparklofinance Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.