PayPal's PYUSD is the other solution, which allows certain US users to enjoy free cross-border payments. Circle's USD coin also allows free transfers on Ethereum Layer-2 via Coinbase wallet.<\/p>\n\n\n\n
The latest announcement comes after in February this year, Sun said<\/a> Tron was considering a Bitcoin Layer-2 solution. The L2 will support a \"wrapped\" version of Tether that is expected to facilitate billions of dollars in movement into the Bitcoin ecosystem.<\/p>\n","post_title":"Justin Sun Unveils An Ambitious Gas-Free Stablecoin For Tron And Ethereum\u00a0","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"justin-sun-unveils-an-ambitious-gas-free-stablecoin-for-tron-and-ethereum","to_ping":"","pinged":"","post_modified":"2024-07-23 19:02:58","post_modified_gmt":"2024-07-23 09:02:58","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17749","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17919,"post_author":"2","post_date":"2024-07-23 02:04:59","post_date_gmt":"2024-07-22 16:04:59","post_content":"\n George Town, Cayman Islands, July 22nd, 2024, Chainwire<\/strong><\/span><\/p> Zircuit<\/a>, a fully EVM-compatible ZK rollup with AI-enabled sequencer level security, today announced it raised a Mainnet funding round with participation from Binance Labs, Mirana Ventures, Amber Group, Selini, Robot Ventures, Nomad Capital, Borderless Capital, and prominent angel investors including the founders of Renzo, Etherfi, Pendle, Parallel, LayerZero, Axelar, F2Pool, Nonce, KelpDAO, ETHGlobal, Maelstrom, and more. With this new funding, Zircuit will be able to supercharge ecosystem growth and activity on its network, building upon a strong technical foundation and over $2.9 billion in staked assets.\u00a0<\/p> Since 2022, the Zircuit team has built a new L2 network that introduces a revolutionary new approach to onchain security. Zircuit protects dApps and their users from blockchain vulnerabilities through its novel infrastructure that is armored by sequencer-level security and built-in, automated AI techniques to guard against smart contract exploits and malicious actors. The network\u2019s hybrid architecture also results in a fast, low-cost, and fully EVM-compatible ZK rollup, offering unparalleled security for users without compromising speed or compatibility.<\/p> Bolstered by its strong security infrastructure, Zircuit plans to become a central hub for restaked assets that features unparalleled security and allows users to earn industry-leading yields natively. The landscape of liquid restaking is still nascent and rapidly evolving and new LRT protocols are constantly emerging, making it challenging for even experienced users to track and choose the best and the safest protocols for deploying their capital. Zircuit aims to address this problem by becoming a major liquidity hub for restaked assets (ETH, BTC, LSTs, and LRTs) where users can easily allocate their capital and have peace of mind knowing that funds are deployed to the safest and highest quality protocols.<\/p> Zircuit\u2019s Mainnet Phase 1 is set to launch in the coming weeks.<\/p> To learn more about Zircuit, users can visit zircuit.com<\/a> or read the developer docs at docs.zircuit.com<\/a>\u00a0<\/p> To participate in Build to Earn, users can visit: https:\/\/build.zircuit.com\/<\/a>\u00a0<\/p> To participate in Zircuit Staking, users can visit: https:\/\/stake.zircuit.com\/<\/a>\u00a0<\/p> About Zircuit\u00a0<\/strong><\/p> Zircuit is a ZK rollup with AI-enabled sequencer-level security and parallelized circuits. Built by a team of web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuit\u2019s unique architecture combines the best of both worlds of performance and security. To learn more visit zircuit.com<\/a> or follow us on Twitter\/X @ZircuitL2<\/a><\/p> Hong Kong, Hong Kong, July 21st, 2024, Chainwire<\/strong><\/span><\/p> SoMon<\/a>, a decentralized Web3 forum with a vision to create a space for user-owned content and connections, recently launched its app on Base and has already gained more than 300,000 on-chain transactions in 14 days since its launch, making it the most active and fastest-growing social app in the Web3 space.<\/p> SoMon, short for Social Monster, allows users to monetize and create communities (Tribes) around their favorite topics, passions, creators, and fandoms. It is the first app built on OpenSocial Protocol<\/a>, a composable infrastructure layer for building social applications, and also the first Web3 social app that is truly gasless, allowing it to lower the barrier of entry and onboard users beyond the crypto community.\u00a0<\/p> Having launched its mobile app on 19 June 2024, around a month ago, it has garnered over 30,000 on-chain registrations in just two weeks. Today, the community is growing rapidly, with over 2 million social engagements among 300+ different Tribes (communities) and its 80,000+ users.\u00a0<\/p> SoMon users started minting their own Tribes using various tools and fragmented ownership powered by NFT technology after the new feature was released on 17 July 2024. Users create content, and the platform is monetized through a tool called \u2018Megaphone\u2019, allowing users to pay for promotional visibility, with the revenue being redistributed to Tribe owners and stakeholders.<\/p> SoMon is currently in its first season, ending on 31 July 2024. In this season, users compete to gain points through interactions and earn badges by climbing to different leagues. At the end of the season, SoMon will officially launch its community token, $OwO<\/a>, which will be airdropped to the community at the end of the first season, with the first airdrop releasing 3% of its total supply this 1 August 2024, and 1% of its total supply for the subsequent seasons.<\/p> During upcoming seasons, SoMon is focused on activating the community economy via Tribe Summer campaign for users to create and engage with their bot-free community.<\/p> About SoMon<\/strong><\/p> Social Monster<\/a> (SoMon) is an open topic-based Web3 social app forum powered by OpenSocial Protocol<\/a>. It serves as a space where users can create vibrant and engaging communities (Tribes) centered around their passions and fandoms. SoMon ensures that Tribes, content, and social connections are wholly owned by users.\u00a0<\/p> New York, New York, July 18th, 2024, Chainwire<\/strong><\/span><\/p> XION's groundbreaking chain abstraction Web3 technology enables EarnOS to transform digital advertising, driving unprecedented user engagement and brand awareness for global companies.<\/p> XION<\/a>, the first blockchain purpose-built for mainstream adoption through chain abstraction<\/a>, announced the massively successful beta launch of the EarnOS platform which included a prominent ridesharing application, clothing, and accessory brands which together command a market capitalization exceeding $165 Billion. The initial campaign showcased how XION's chain abstraction technology enabled EarnOS to build a platform that revolutionizes user acquisition, engagement, and rewards in the digital advertising space.<\/p> The EarnOS launch on the XION blockchain saw remarkable results, with over 200,000 verified users participating and more than 1,300,000 unique brand interactions ranging from social media acquisitions, bespoke advertisement campaigns, immersive augmented reality experiences and more. Participating brands overall achieved a 9000% boost in brand awareness coupled with significant growth on social media platforms.<\/p> These impressive metrics have prompted the aforementioned ridesharing company to substantially increase its planned spending on the EarnOS platform, which is disrupting the $1 Trillion digital advertising market through novel economic incentivization models. By leveraging XION's advanced chain abstraction technology, the platform enables brands to acquire, reward, and engage users globally through targeted advertising actions in ways previously not possible.<\/p> Key to EarnOS\u2019 user-friendly experience is XION's chain abstraction infrastructure. Users can log in with their email and interact seamlessly across all devices, without the need for seed phrases, plugins, wallets, gas fees, popups, or complex transaction signing. Additionally, global USDC micropayment rails enable advertisers to reach wider audiences through innovative economic incentives. This breakthrough in user experience, coupled with the power of blockchain technology, can position EarnOS and XION at the forefront of the next generation of mainstream-ready Web3-powered applications.<\/p> About XION<\/strong><\/p> XION<\/a> is the first layer one blockchain purpose-built for consumer adoption through crypto abstraction. Utilizing protocol-level implementations related to abstracted accounts, signatures, fees, interoperability, and more, XION enables secure, intuitive, and seamless user experiences. The project has previously raised over $36M from top-tier investors, including Animoca, Circle Ventures, Multicoin, Draper Dragon, Spartan, and more.<\/p> To learn more about XION, users can follow @burnt_xion<\/a> on Twitter, subscribe to the XION Blog<\/a>, or visit xion.burnt.com<\/a>.<\/p> Majuro, Marshall Islands, July 16th, 2024, Chainwire<\/strong><\/span><\/p> Multipool<\/strong><\/a>, a leading innovator in the blockchain and cryptocurrency industry announces strategic partnership with Tokinvest<\/strong><\/a> with the goal of transforming tokenized real-world asset trading. This partnership aims to take real-world asset (RWA) trading to the next level with an end-to-end dual market solution for RWA token offerings, secondary market trading, and liquidity provision.<\/p> The partnership between Multipool and Tokinvest represents a key advancement in the tokenized RWA ecosystem. Our collaboration will harness RWA tokenization and trading to enhance financial inclusion, transparency, and liquidity for investors.<\/p> Working with the best<\/strong><\/p> Together, Multipool and Tokinvest will centralize liquidity pools using decentralized technology, reducing market-making costs. Additionally, the goal is to create global portability for RWAs, enabling listings on the Tokinvest centralized marketplace and regulated platforms worldwide through the decentralized Multipool protocol.<\/p> Looking forward<\/strong><\/p> Secondary trading for tokenized real-world assets requires a new approach. Acting as an infrastructure partner, Multipool's groundbreaking protocol opens the path for accelerated growth of this trillion-dollar market. Multipool\u2019s fully on-chain order book and matching engine permit shared liquidity across trading venues. For a full demonstration of how the Multipool protocol works, users can contact Multipool\u2019s press department listed below.\u00a0<\/p> To learn more about Multipool and its features, users can visit:<\/p> Website<\/strong> - www.multipool.finance<\/a><\/p> Telegram<\/strong> - t.me\/multipoolfi<\/a><\/p> X<\/strong> - https:\/\/x.com\/multipoolfi<\/a><\/p> CMC-Community <\/strong>- <\/strong>https:\/\/coinmarketcap.com\/community\/profile\/multipool\/<\/a><\/p> About Multipool<\/strong><\/p> Multipool<\/a> is a cutting-edge decentralized exchange (DEX) transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies. Multipool is designed for fairness and equality, featuring a fully decentralized on-chain order book, deep liquidity through dynamic bracket pools, and seamless trading of RWAs and cryptocurrencies. Utilizing world-class innovations including industry-first FIX APIs, low latency networks, zero price impact auctions, trustless RFQs, peer-to-peer repo lending, and MEV bot protection, Multipool sets a new standard in DeFi trading. Experience unparalleled efficiency and security in your trading journey with Multipool \u2013 The DEX with CEX appeal.<\/p> https:\/\/www.multipool.finance\/<\/a><\/p> About Tokinvest<\/strong><\/p> Tokinvest<\/a> is a pioneering marketplace that connects real-world asset issuers with investors globally. Our advanced platform simplifies the investment process by creating virtual tokens representing rights to assets and providing comprehensive lifecycle services from ideation to trading to asset servicing. Headquartered in Dubai, we leverage the region\u2019s favourable regulatory environment to offer all investors access to the most desirable assets.<\/p> https:\/\/tokinvest.capital\/<\/a>\u00a0<\/p> Singapore, Singapore, July 16th, 2024, Chainwire<\/strong><\/span><\/p> PEXX<\/a>, a pioneering fintech startup specialising in cryptocurrency and blockchain technology, today announced the successful closure of a $4.5 million seed funding. This significant investment will propel the development of the company's innovative stablecoin-to-fiat payment platform<\/a>, set to revolutionise the way people transfer currencies across borders.<\/p> The funding included 1 round led by TNB Aura, with participation from global early-stage VC Antler, plus further strategic investment from EMO Capital, early backers of Filecoin and other notable VC and crypto investors highlighting strong investor confidence in PEXX's vision and potential.\u00a0<\/p> PEXX's payment platform allows users holding stablecoins from Tether (USDT) and Circle (USDC) to transfer their assets directly to a bank account globally. This platform will enable individuals and businesses to transfer value across borders with ease, without the need for intermediaries or bank accounts.<\/p> The funding will be used to bolster the company's engineering and product teams, as well as to expand its marketing and business development efforts, starting in Southeast Asia.\u00a0<\/p> In addition to funding, EMO Capital, a research-driven investment player, will look to support PEXX in its Web3 marketing, branding, and strategic partnership efforts and play a pivotal role in its business expansion, scaling , and user acquisition.\u00a0<\/p> The AUSTRAC registration, obtained in May 2024, ensures that PEXX adheres to the regulatory standards, allowing PEXX to operate as an independent remittance dealer and digital currency exchange provider. This achievement underscores PEXX's commitment to stringent compliance, robust security measures, and fostering customer trust.<\/p> PEXX offers a seamless solution for users and businesses to convert stablecoins (USDT and USDC), into 16 different fiat currencies<\/a>. PEXX enables direct transfers into bank accounts, streamlining the crypto-to-fiat conversion process and allows users to send money to bank accounts in minutes instead of days with traditional banking solutions. To date, the platform has transacted close to US$3,000,000 and onboarded customers and businesses ranging from Web3 companies, exchanges and media companies<\/p> About PEXX<\/strong><\/p> PEXX<\/a> is a pioneering stablecoin cross-border payment platform that simplifies global money transfers. By offering secure, fast, and cost-effective solutions, PEXX enables users and businesses to off-ramp stablecoins like USDT and USDC to fiat in 16 currencies directly into bank accounts. PEXX's innovative platform bridges the gap between traditional finance and the world of cryptocurrencies, making global money transfers seamless and efficient.<\/p> Users can reach out to PEXX's community managers for help: https:\/\/t.me\/PEXXOfficial<\/a>\u00a0<\/p> San Francisco, USA\/California, July 15th, 2024, Chainwire<\/strong><\/span><\/p> The doors are now open for Web3 and Web2 developers to build on Constellation Network<\/a>\u2019s long-awaited Hypergraph distributed ledger technology - in development for the past several years under various contracts with the US Department of Defense<\/a>.<\/p> Constellation\u2019s Global Metagraph Hackathon<\/a> is a fully virtual event, free to enter, running from July 15th until September 9th, 2024. A total of $100,000 USD equivalent in $DAG (Constellation Network\u2019s cryptocurrency) will be distributed to winners across several categories encompassing metagraph development and on-chain tooling, with the biggest single prize of $25,000 going to the most successful Metagraph.<\/p> With its Hackathon, Constellation officially unveils its \u201cmetagraph\u201d application layer technology that runs on top of its Hypergraph global consensus layer to a worldwide audience. A metagraph can be any type of Layer 1 decentralized application (dApp) network or legacy Web2 network with its own internal business logic. Other blockchains can even be metagraphs on top of Constellation\u2019s Hypergraph.<\/p> Panasonic<\/a> and IBM<\/a> have partnered with Constellation, along with SIMBA Chain<\/a>, the C14 cryptocurrency on-ramping service<\/a>, the Stardust Collective<\/a>, and the National DigiFoundry<\/a>, led by members from the US National Science Foundation<\/a>, the US Space Force<\/a>, and US Department of the Treasury<\/a>, to support the development of innovative new metagraph technologies that interoperate in ways we have yet to see in the space.\u00a0<\/p> Constellation\u2019s fast and feeless Hypergraph network is uniquely designed using DAG-based infrastructure and microservices to create an underlying digital transfer layer with a flexible structure and application network overlay (metagraph). This facilitates interoperability and composability across both Web3 and legacy Web2 networks, offering network security, data validation, scalability, and simplified onboarding that businesses and governments need for adoption.<\/p> \u201cInteroperability\u201d is a buzz word in the Web3 space, it can be explained as all the networks that need to talk to other networks - like a smart factory or city where multiple networks of IoT devices communicate and share data, each with its own unique metagraph network communicating across the underlying Hypergraph.\u00a0\u00a0<\/p> - Benjamin Diggles, Chief Strategy Officer\u00a0<\/p> Constellation's metagraphs can work with any data type, interface directly with external data sources, accept existing Scala or Java libraries, give complete control over validation and consensus logic within the network, and scale to the level applications need through multilayered microservice architecture.\u00a0<\/p> -Altif Brown, Global Community Architect<\/p> Judging<\/strong><\/p> Hackathon submissions will be judged Sept 16-23, 2024, and winners will be announced on or around Sept. 30th. Hackathon judges include:<\/p> Users can visit <\/strong>Constellation\u2019s Metagraph Hackathon site<\/strong><\/a> to register and find full event details and supporting materials.\u00a0<\/strong><\/p> Users can download the Stargazer Wallet<\/strong><\/a> to hold $DAG.<\/strong><\/p> To find out more about Constellation Network: www.constellationnetwork.io<\/a><\/p> X\/Twitter: https:\/\/x.com\/Conste11ation<\/a> and https:\/\/x.com\/stardustco11ect<\/a>\u00a0<\/p> Developer Discord:\u00a0https:\/\/discord.gg\/9PhXJKeAWC<\/a>\u00a0<\/p> Telegram: <\/a>https:\/\/t.me\/constellationcommunity<\/a><\/p> Brussels, Belgium, July 11th, 2024, Chainwire<\/strong><\/span><\/p> Network with Top Developers and Investors at Brussels' Premier Event Venue<\/p> The flagship event of the Polkadot<\/a> ecosystem, Polkadot Decoded<\/a>, returns and will take place in one of Brussels\u2019 most renowned event venues, The Sheds at Tour & Taxis on July 11th and 12th, 2024. Polkadot Decoded brings together developers, investors, enthusiasts, and industry leaders to explore the latest innovations in blockchain technology.<\/p> Polkadot is the secure and powerful core of Web3, providing a shared foundation that unites some of the world's most transformative apps and blockchains. It enables Web3 innovators to bring their ideas to market quickly with low start-up costs and a highly flexible development environment. Polkadot prioritizes decentralization and as the first modular, resilient, and interoperable blockchain governed by its users, Polkadot also operates as the world's largest DAO.<\/p> Attending Polkadot Decoded provides a platform to connect with industry leaders, developers, investors, and enthusiasts from around the world, fostering collaboration and partnership opportunities. Decoded also offers an opportunity to explore the latest developments, trends, and use cases within the Polkadot and Kusama ecosystems through engaging talks, panels, and workshops. Attendees can learn how NFTs support Marine Research and Conservation through projects like DOTphin<\/a>, experience the most cutting-edge Web3 games coming to the ecosystem via Mythical Games<\/a>, discover exciting new partnerships with industry leaders such as Ledger<\/a>, and even get a peek at how blockchain will change the future of content creation, monetization, and media with Kinera<\/a>.<\/p> Decoded will also feature a keynote speech by Polkadot creator Gavin Wood, who will detail the future of Polkadot as he discusses the forthcoming Join-Accumulate Machine (JAM)<\/a> - which moves Polkadot toward a world of synchronous composability, helping to reduce fragmentation and consolidate activity. JAM will build on the momentum of \u201cPolkadot 2.0<\/a>,\u201d a community-dubbed collection of network advancements such as Agile Coretime, Elastic Scaling, and Asynchronous Backing, designed to enhance the scalability, flexibility and efficiency of the Polkadot network. Attendees and virtual viewers can catch Wood\u2019s speech on Thursday, July 11th at 11:40 AM local time (Brussels) \/ 5:40 AM ET.<\/p> Decoded Highlights include:<\/p> In a gesture of collaboration and inclusivity, all EthCC ticket holders will receive complimentary access to Polkadot Decoded. However, anyone can experience Polkadot Decoded from anywhere in the world with virtual access to keynote sessions and select workshops through livestream<\/a>. For those on the ground in Brussels and not in possession of an ETH CC pass, various ticket types granting access to the show are still available for purchase.<\/p> Whether a seasoned blockchain professional or entirely new to decentralized technologies, Polkadot Decoded offers valuable insights and networking opportunities for all. Join us in Brussels for an immersive experience, or participate virtually from anywhere in the world. Secure a spot for Polkadot Decoded 2024 today - \ud83c\udf9f\ufe0fExplore ticket options here<\/a><\/p> For more information:<\/p> \ud83d\udde3\ufe0f Check the live Agenda\u00a0<\/a><\/p> \ud83c\udf1fDiscover all side events<\/a><\/p> About Polkadot<\/strong><\/p> Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world\u2019s most transformative apps and blockchains. Polkadot is the first of its kind \u2014 modular, resilient, interoperable \u2014 but governed by its users, the biggest DAO in the world. It enables Web3\u2019s boundary-defying innovators to get their ideas to market fast, with flexible start-up costs and an exceptionally flexible builder environment. By making blockchain technology secure, composable, flexible, efficient, and cost-effective, Polkadot is powering the movement for a better web. For more information, visit polkadot.network\u2197<\/a><\/p> Grand Cayman, Cayman Islands, July 11th, 2024, Chainwire<\/strong><\/span><\/p> Zero Hash, the leading crypto and stablecoin infrastructure platform, today announced that its platform customers\u00a0can now enable the SUI token from Sui, the Layer 1 blockchain in permitted jurisdictions.<\/p> Sui was designed with the objective of providing unparalleled speed, security, and scalability. It achieves near instant transaction finality and supports up to 297,000 transactions per second<\/a>. Utilizing the innovative Move programming language, Sui enables developers to build advanced, secure smart contracts. The Sui blockchain has already processed over four billion transactions<\/a>, showcasing its capability to support large-scale applications and services.\u00a0<\/p> Zero Hash's full stack technical and global regulatory infrastructure facilitates the compliant movement of value of fiat, crypto, and stablecoins. Zero Hash\u2019s APIs and SDKs enable businesses to seamlessly embed blockchain technology, including Sui, with minimal friction. With access to over 65 digital assets and 22 blockchains, now including Sui, Zero Hash powers businesses to build highly connected and interoperable crypto and stablecoin products, for the new era of money movement and value transfer.<\/p> About Sui<\/strong><\/p> Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing user-friendly experiences. For more information about Sui, users can visit https:\/\/sui.io<\/a>.\u00a0<\/p> About Zero Hash<\/strong><\/p> Zero Hash is a B2B2C crypto-as-a-service infrastructure platform that allows any platform to embed digital assets natively into their own customer experience quickly and easily through a matter of API endpoints. Zero Hash\u2019s turnkey solution handles the entire backend complexity and regulatory licensing required to offer crypto products.\u00a0<\/p> Zero Hash Holdings, through its subsidiaries, powers neo-banks, broker-dealers, payment groups as well as non-financial brands to offer crypto and stablecoin-powered products.<\/p> Zero Hash Holdings is backed by investors, including Point72 Ventures, Bain Capital Ventures, and NYCA.<\/p> Zero Hash LLC is a FinCen-registered Money Service Business and a regulated Money Transmitter that can operate in 51 US jurisdictions. Zero Hash LLC and Zero Hash Liquidity Services LLC are licensed to engage in virtual currency business activity by the New York State Department of Financial Services. In Canada, Zero Hash LLC is registered as a Money Service Business with FINTRAC.<\/p> Zero Hash Australia Pty Ltd. is registered with AUSTRAC as a Digital Currency Exchange Provider, with DCE registered provider number DCE100804170-001.\u00a0This registration enables Zero Hash to offer its crypto services in Australia.\u00a0Zero Hash Australia Pty Ltd. is registered on the New Zealand register of financial service providers, with Financial Service Provider (FSP)\u00a0number FSP1004503.\u00a0A FSP in New Zealand is a registration and does not mean that Zero Hash Australia Pty Ltd. is licensed by a New Zealand regulator to provide crypto services.\u00a0Zero Hash Australia Pty Ltd.\u2019s registration on the New Zealand register of financial service providers does not mean that Zero Hash Australia is subject to active regulation or oversight by a New Zealand regulator.\u00a0Zero Hash Europe B.V.<\/strong> is registered as a Virtual Asset Services Provider (VASP) registration by the Dutch Central Bank (Relation number: R193684).\u00a0Zero Hash Europe Sp. Zoo<\/strong> is registered as a VASP by the Tax Administration Chamber of Poland in Katowice (Registration number RDWW \u2013 1212).<\/p> Users can connect with Zero Hash on LinkedIn<\/a>, or visit www.zerohash.com<\/a> for more information.<\/p> *Disclosures<\/strong><\/p> Zero Hash services and product offerings may not be available in all jurisdictions.\u00a0Zero Hash accounts are not subject to FDIC or SIPC protections, or any such equivalent protections that may exist outside of the US.\u00a0Zero Hash\u2019s technical support and enablement of any asset is not an endorsement of such asset and is not a recommendation to buy, sell, or hold any crypto asset. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero.<\/p> San Francisco, United States \/ California, July 10th, 2024, Chainwire<\/strong><\/span><\/p> Revolutionizing Multi-Blockchain Coordination with Seamless User Interactions<\/p>\u201cAt Binance Labs, we support projects that are innovating in Web3 and accelerating the blockchain industry. Through its integration of sequencer level security, Zircuit is providing a more secure L2 solution and we look forward to watching it grow and develop further,\u201d said Yi He, Co-Founder of Binance and Head of Binance Labs.<\/strong><\/blockquote>
\"Security has been a persistent issue in the crypto space, with breaches occurring almost daily. Zircuit, founded by top security veterans, leads the industry with its best-in-class security architecture. The team\u2019s clear growth strategy has led to explosive growth in assets locked since launch,\" said Erick Zhang, Managing Partner of Nomad Capital. <\/strong>\"We are excited to support and continue working with the Zircuit team.\"<\/blockquote>
\u201cAs the web3 space accelerates toward mainstream adoption, Zircuit will empower this growth by providing the necessary infrastructure to onboard the masses. Our years of research into rollups and blockchain security have allowed us to build an L2 network with unparalleled security and scalability. We\u2019re proud to have the support of Binance Labs, Mirana Ventures, and our other investors as we approach our first phase of Mainnet and establish Zircuit as a cornerstone in the industry,\u201d stated Martin Derka, co-founder of Zircuit.<\/strong><\/blockquote>
Contact<\/h5>Jessica<\/strong>
<\/span>Zircuit<\/strong>
<\/span>[email protected]<\/strong>
<\/span>\n","post_title":"Zircuit Raises Mainnet Funding Round With Participation From Binance Labs, Mirana Ventures, And Others","post_excerpt":"George Town, Cayman Islands, 22nd July 2024, Chainwire","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"zircuit-raises-mainnet-funding-round-with-participation-from-binance-labs-mirana-ventures-and-others","to_ping":"","pinged":"","post_modified":"2024-07-23 02:04:59","post_modified_gmt":"2024-07-22 16:04:59","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17919","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17906,"post_author":"2","post_date":"2024-07-22 13:43:12","post_date_gmt":"2024-07-22 03:43:12","post_content":"\n\u201cCrypto is all about community, but instead of creating communities for users, we want communities to be built by users. SoMon is a user-curated space where people are able to connect with one another while taking charge and reaping the benefits of their own social achievements at the same time,\u201d said Sean Tao, CEO & Co-Founder of SoMon.<\/strong><\/blockquote>
Contact<\/h5>Public Relations Manager<\/strong>
<\/span>Kelvin Yeo Jun Hao<\/strong>
<\/span>Everest Ventures Group<\/strong>
<\/span>[email protected]<\/strong>
<\/span>\n","post_title":"SoMon Becomes Fastest-Growing Web3 Social App with 300,000 Transactions in Two Weeks","post_excerpt":"Hong Kong, Hong Kong, 22nd July 2024, Chainwire","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"somon-becomes-fastest-growing-web3-social-app-with-300000-transactions-in-two-weeks","to_ping":"","pinged":"","post_modified":"2024-07-22 13:43:12","post_modified_gmt":"2024-07-22 03:43:12","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17906","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17882,"post_author":"2","post_date":"2024-07-19 00:34:16","post_date_gmt":"2024-07-18 14:34:16","post_content":"\n![](\"https:\/\/www.thedistributed.co\/wp-content\/uploads\/2024\/07\/EOS_Blog_Post_Graphic_-_Seamless_Experience_1_1721309328BsymJndACG.jpg\")
<\/p>\"We're seeing the future of Web3 unfold, where blockchain technology becomes accessible to mainstream audiences, opening up massive customer bases for participating brands,\u201d said Burnt Banksy, Founder of XION<\/strong>. \"The success of the EarnOS launch demonstrates XION's unique ability to enable true consumer-facing applications and drive mainstream adoption by fully abstracting away crypto complexities.\u201d<\/blockquote>
Contact<\/h5>M Group Strategic Communications<\/strong>
<\/span>[email protected]<\/strong>
<\/span>\n","post_title":"XION's Chain Abstraction Drives Success for Prominent Brands Through EarnOS Platform","post_excerpt":"New York, New York, 18th July 2024, Chainwire","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"xions-chain-abstraction-drives-success-for-prominent-brands-through-earnos-platform","to_ping":"","pinged":"","post_modified":"2024-07-19 00:34:16","post_modified_gmt":"2024-07-18 14:34:16","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17882","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17859,"post_author":"2","post_date":"2024-07-17 02:05:22","post_date_gmt":"2024-07-16 16:05:22","post_content":"\n\u201cWe\u2019re thrilled to be collaborating with the RWA industry powerhouse Tokinvest, the first RWA exchange to leverage the groundbreaking decentralized capabilities of the Multipool protocol. Multipool centralizes currently dispersed liquidity with the potential of a globally shared order book, making it the ideal platform for Tokinvest to thrive.\u201d - Steve Murray, Core Contributor at Multipool.<\/strong><\/blockquote>
\"We are excited to partner with Multipool to develop a robust dual-market solution for real-world assets. By integrating our centralized trading platform with Multipool's decentralized infrastructure, we can offer enhanced liquidity for the secondary market trading of tokenized real-world assets.\" - Scott Thiel, CEO of Tokinvest.<\/strong><\/blockquote>
Contact<\/h5>Public Relations Manager<\/strong>
<\/span>Angie Hermosa<\/strong>
<\/span>Multipool<\/strong>
<\/span>[email protected]<\/strong>
<\/span>\n","post_title":"Multipool Enters Strategic Partnership with Tokinvest Delivering Next-Level Tokenized Real-World Asset Trading","post_excerpt":"Majuro, Marshall Islands, 16th July 2024, Chainwire","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"multipool-enters-strategic-partnership-with-tokinvest-delivering-next-level-tokenized-real-world-asset-trading","to_ping":"","pinged":"","post_modified":"2024-07-17 02:05:22","post_modified_gmt":"2024-07-16 16:05:22","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17859","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17855,"post_author":"2","post_date":"2024-07-16 23:57:48","post_date_gmt":"2024-07-16 13:57:48","post_content":"\n\"We're thrilled to have secured this significant funding, which will enable us to further develop our stablecoin-to-fiat payment platform,\" said Marcus Lim, CEO and founder of PEXX. \"The growth for stablecoins is exponential and we expect to see the demand from users who want to convert their USDT and USDC directly to a bank account to grow accordingly as stablecoins become more ubiquitous over the coming years.\"<\/blockquote>
Angelina Tu, co-founder at EMO Capital said, \"While many are building to bring traditional Internet users into the Web3 world, PEXX is building a compliant, respected, and protected bridge between the Web3 world and the real world, giving everyone a swift and easy access to converting their digital assets into their everyday purchases. This is what everyone in the Web3 world needs and where PEXX finds EMO's staunch support.\"<\/blockquote>
Vicknesh R, Partner at TNB Aura said, \"PEXX addresses a critical need in the B2B cross-border Web3 payments space. With Marcus at the helm, we are excited to support their journey in transforming the financial landscape,\" said Vicknesh R Pillay, Founding Partner of TNB Aura.<\/blockquote>
\"We are excited to back PEXX as they build a transformative platform that bridges the gap between stablecoins and traditional banking. Their approach to simplifying cross-border payments align perfectly with our vision of fostering innovative fintech solutions,\" said Jussi Salovaara, Co-founder and Managing Partner at Antler.<\/blockquote>
Contact<\/h5>PEXX Marketing Team<\/strong>
<\/span>PEXX Technology Pte Ltd<\/strong>
<\/span>[email protected]<\/strong>
<\/span>\n","post_title":"PEXX Raises $4.5 Million in Seed Funding for its Innovative Stablecoin-to-Fiat Payment Platform","post_excerpt":"Singapore, Singapore, 16th July 2024, Chainwire","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"pexx-raises-4-5-million-in-seed-funding-for-its-innovative-stablecoin-to-fiat-payment-platform","to_ping":"","pinged":"","post_modified":"2024-07-16 23:57:48","post_modified_gmt":"2024-07-16 13:57:48","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17855","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17843,"post_author":"2","post_date":"2024-07-16 00:02:04","post_date_gmt":"2024-07-15 14:02:04","post_content":"\n\u201cConstellation\u2019s Hypergraph is the blockchain of blockchains,\u201d says Ben Jorgensen, CEO of Constellation Network. \u201cThe best way forward with Web3 and blockchain technology for all of us is interoperability and collaboration across chains and communities. There are many of us separately building these networks that can support things like decentralized AI, tokenized assets, IoT edge computing, decentralized finance and many other Web3 creations that seem to be popping up everywhere.\u201d<\/blockquote>
\u201cBut the Hypergraph?\u201d Ben continues, \u201cThis technology can link them all together, make everything interoperable, give them an underlying infrastructure that can secure their networks and validate their data flows.\u201d<\/blockquote>
\u201cI\u2019ve been waiting for this year since we started the company. It has always been our vision to have developer friendly and openly available blockchain tools for the masses. This hackathon marks the beginning of many expressions metagraphs have to offer and there seems to be no limit to the vast list of use cases. I am thankful for the team who made this possible as well as the partners who stepped up and helped make this a reality.\u201d<\/blockquote>
\u201cWith technology vetted by the rigorous standards of the US Department of Defense and with the collaboration of industry giants like Panasonic and IBM, this hackathon is more than a competition; it's an invitation for developers worldwide to pioneer the next generation of decentralized applications and revolutionize the digital landscape.\"<\/blockquote>
Contact<\/h5>Head of Marketing<\/strong>
<\/span>Dagnum PI<\/strong>
<\/span>Stardust Collective<\/strong>
<\/span>[email protected]<\/strong>
<\/span>\n","post_title":"Panasonic, IBM partner with Constellation Network to debut its DoD-vetted \"Blockchain of Blockchains\" in Global Hackathon","post_excerpt":"San Francisco, USA\/California, 15th July 2024, Chainwire","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"panasonic-ibm-partner-with-constellation-network-to-debut-its-dod-vetted-blockchain-of-blockchains-in-global-hackathon","to_ping":"","pinged":"","post_modified":"2024-07-16 00:02:04","post_modified_gmt":"2024-07-15 14:02:04","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17843","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17794,"post_author":"2","post_date":"2024-07-11 23:42:39","post_date_gmt":"2024-07-11 13:42:39","post_content":"\nContact<\/h5>Communications & PR Manager<\/strong>
<\/span>Jonathan Duran<\/strong>
<\/span>Distractive<\/strong>
<\/span>[email protected]<\/strong>
<\/span>\n","post_title":"Polkadot Decoded 2024: Uniting Innovators in Blockchain Technology","post_excerpt":"Brussels, Belgium, 11th July 2024, Chainwire","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"polkadot-decoded-2024-uniting-innovators-in-blockchain-technology","to_ping":"","pinged":"","post_modified":"2024-07-11 23:42:39","post_modified_gmt":"2024-07-11 13:42:39","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17794","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17790,"post_author":"2","post_date":"2024-07-11 23:05:23","post_date_gmt":"2024-07-11 13:05:23","post_content":"\nGreg Siourounis, Managing Director of the Sui Foundation, commented, \u201cWe are thrilled that Zero Hash now supports Sui. Zero Hash\u2019s infrastructure is vital for connecting fiat and crypto economies, making it easier for businesses and users to interact with the Sui technology platform.\u201d<\/blockquote>
Joaqin Ayuso de Paul, Global Head of Product at Zero Hash, added, \u201cThe integration of SUI blockchain into Zero Hash\u2019s ecosystem is another example of us providing our customers simplified and compliant access to innovative technology to design new and improved ways to move value globally.\"<\/blockquote>
Contact<\/h5>Sui Foundation<\/strong>
<\/span>[email protected]<\/strong>
<\/span>\n","post_title":"Zero Hash Integrates Sui Blockchain Accessibility","post_excerpt":"Grand Cayman, Cayman Islands, 11th July 2024, Chainwire","post_status":"publish","comment_status":"closed","ping_status":"","post_password":"","post_name":"zero-hash-integrates-sui-blockchain-accessibility","to_ping":"","pinged":"","post_modified":"2024-07-11 23:05:23","post_modified_gmt":"2024-07-11 13:05:23","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=17790","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":17771,"post_author":"2","post_date":"2024-07-10 23:04:05","post_date_gmt":"2024-07-10 13:04:05","post_content":"\n