Press Releases - BeInCrypto https://beincrypto.com/press-releases/ Cryptocurrency News Mon, 23 Dec 2024 10:17:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.5 https://beincrypto.com/wp-content/uploads/2022/09/cropped-bic_favic-32x32.png Press Releases - BeInCrypto https://beincrypto.com/press-releases/ 32 32 Gate Group Announces Acquisition of Coin Master Co., Ltd., Officially Entering the Japanese Market https://beincrypto.com/gate-group-announces-acquisition-of-coin-master-co-ltd/ Mon, 23 Dec 2024 10:17:39 +0000 https://beincrypto.com/?p=632828 According to an announcement by a cryptocurrency exchange platform, Gate.io and Financial Services Agency of Japan (FSA) today, Gate Group has successfully acquired all issued shares of Coin Master Co., Ltd., a Japanese cryptocurrency service provider.  The acquisition was carried out through Gate Japan K.K.(Gate Japan) 「CEO:Lin Han」, a Singaporean entity, which is a part … Continued

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According to an announcement by a cryptocurrency exchange platform, Gate.io and Financial Services Agency of Japan (FSA) today, Gate Group has successfully acquired all issued shares of Coin Master Co., Ltd., a Japanese cryptocurrency service provider. 

The acquisition was carried out through Gate Japan K.K.(Gate Japan) 「CEO:Lin Han」, a Singaporean entity, which is a part of Gate Group. As of today, Coin Master Co., Ltd. will officially be renamed “Gate Japan K.K.” (“Gate Japan”), marking a significant step in Gate Group’s expansion into the Japanese market.

Gate.io announced on July 22, 2024, that it would cease opening new accounts for users residing in Japan and gradually phase out its global services for Japanese users. This strategic move aligns with Gate.io’s commitments to comply with local laws and regulations in Japan . In this context, Gate Group has acquired Coin Master Co., Ltd. with the aim of providing a localized digital asset trading platform that complies with local regulations, thereby reinforcing Gate Group’s commitment to meeting the specific needs of Japanese users and further expanding its business operations in Japan.

As the digital asset market continues to thrive, Japan, as one of the world’s leading economies, is gradually refining its regulatory framework for the industry. Gate Group is committed to adhering to regulatory requirements of Japan, ensuring transparency and regulatory compliance in its platform operations. Gate Group strives to contribute to the healthy development of the global digital asset industry while complying with local laws and regulations.

Gate Group’s global business continues to grow, and this acquisition is expected to strengthen localized operations and better serve the Japanese market. With this acquisition, Gate Japan Co., Ltd. is expected to offer more innovative products and high-quality services to local users in the future, while leveraging Gate Group’s technological advantages and resources in the global market to enhance the digital asset trading experience for Japanese users.

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The Metaverse We’ve All Been Waiting For: Wilder World Unveils Gameplay Trailer https://beincrypto.com/wilder-world-unveils-gameplay-trailer/ Sun, 22 Dec 2024 08:55:55 +0000 https://beincrypto.com/?p=631756 The wait is over! Wilder World, currently ranked as the 9th most wishlisted game on the Epic Games Store, has unveiled its gameplay trailer, which shows us the future of the metaverse. The visuals are stunning, and the gameplay is immersive with a cinematic realism that competes with the biggest names in the industry. Featuring … Continued

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The wait is over! Wilder World, currently ranked as the 9th most wishlisted game on the Epic Games Store, has unveiled its gameplay trailer, which shows us the future of the metaverse. The visuals are stunning, and the gameplay is immersive with a cinematic realism that competes with the biggest names in the industry. Featuring high-speed racing, dramatic FPS combat, social interactions, and more, the trailer positions Wilder World as one of the most anticipated games of 2025. 

Wilder World empowers creators and players to shape their realities and own their digital futures. Powered by AI, blockchain, and NFTs, It delivers a player-driven economy and limitless opportunities to build, earn, and explore. 

The advanced tech stack behind Wilder World leverages state-of-the-art technology, offering a seamless player experience where Web3 elements are fully abstracted. For non-Web3 native gamers, on-chain processes are completely invisible, creating a groundbreaking experience on par with traditional gaming. Additionally, Wilder World is preparing to launch its own blockchain built on the Polygon CDK, establishing itself as Polygon’s flagship gaming and metaverse project.

With its official super early access launch set for Q1 2025, Wilder World gives players full economic control via its on-chain marketplace, NFTs, and the $WILD token. 

The Wilder World Early Access registration is now available here.

Wiami is calling

Wilder World’s Wiami, a city 13.5 times larger than GTA 5, offers gaming, social events, and more. Its NFT-driven economy allows players to trade and own in-game assets like avatars, cars, and land through the Wilder World Metaverse Market (WWMM). Players can co-create, customize, and build experiences, enabling endless opportunities for participation and innovation.

“At the core of Wilder World’s vision is the belief that players – the Wilders – should be the true architects of their digital universe. Wilder World will empower creators to shape their realities today while building meaningful, lasting legacies in a limitless, interconnected metaverse.” – n3o, Wilder World Executive Producer

Fueling these experiences is Wilder World’s $WILD token, which drives all gameplay and in-world transactions. Players earn and spend $WILD in racing (for fuel, repairs, and parts), combat (for weapons and ammo), and mining (for rigs and upgrades). Exploring Wiami means stepping into a fully integrated ecosystem where Wilders are the architects of their own adventures.

Wilder World’s 110+ team features industry veterans like Procedural Generation Leads Michael Pryor (prev. Nike, CDO at DesignMorphine), Oleg Soroko (After Form), Lead Concept Artist Brandon Gobey (prev. DNEG, worked on Dune, Bladerunner, and more), and BAFTA winner Jon Reilly (worked on The Witcher, The Avengers, and more) as Lead Character Artist. Sim-Racing legends Aristotelis Vasilakos (prev. Assetto Corsa) and Marcus Reynolds (prev. Simbin) lead vehicle handling, while Chris Kochan (prev. Apple) directs the production.

Partnerships and Industry Backing

Wilder World is supported and backed by major industry players. The global distribution partnership with Samsung aims to bring the immersive Metaverse experience to millions through the integration of Wilder World on Samsung’s Smart TVs and Gaming Hub. This collaboration allows users to access, trade, and interact with Wilder World assets directly via Samsung TVs. The partnership marks a major milestone in making Wilder World accessible globally. 

Wilder World partnered with Polygon and Celestia to enhance the scalability and accessibility of its virtual ecosystem. This collaboration ensures gasless transactions and strong infrastructure for Wilder World’s ecosystem, enabling millions of players to engage with on-chain gameplay experiences.

“Wilder World isn’t just a game—it’s the beginning of a new digital era where players truly own, create, and shape their experiences. This is the metaverse we’ve all been building toward, and it’s incredible to see it come to life.” – Sandeep Nailwal, Polygon Co-Founder.

Furthermore, Wilder World partnered with NVIDIA as the first Web3 game on GeForce Now (GFN), and Epic Games, where it ranks among the top 10 most anticipated games globally.

About Wilder World

Launched in 2021, Wilder World is an AAA metaverse that blends photorealistic graphics, AI-driven systems, and blockchain technology. Spanning a map 13.5x larger than GTA5, it features a player-driven economy, immersive gameplay, and partnerships with leaders like Samsung, NVIDIA, and Epic Games. Wilder World is redefining what it means to explore, create, and thrive in the Metaverse.

Website | X | Telegram | Discord 

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From Exploration to Soaring: CoinEx’s Glory Path over Seven Years https://beincrypto.com/coinex-glory-path-over-seven-years/ Fri, 20 Dec 2024 14:10:44 +0000 https://beincrypto.com/?p=631897 In the rapidly changing cryptocurrency market, competition is intense, and the process of elimination is exceptionally harsh. As Winston Churchill once said, “Success is not final, failure is not fatal: It is the courage to continue that counts.” It is with this courage that CoinEx has adhered to its original intentions and pursued its dreams … Continued

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In the rapidly changing cryptocurrency market, competition is intense, and the process of elimination is exceptionally harsh. As Winston Churchill once said, “Success is not final, failure is not fatal: It is the courage to continue that counts.” It is with this courage that CoinEx has adhered to its original intentions and pursued its dreams amid the many challenges of the crypto world. Innovation is the driving force behind the advancement of our world.

Over these seven years, CoinEx has relentlessly pursued excellence, transforming from an obscure exchange into a trusted global cryptocurrency trading platform, encompassing various ecological segments including CoinEx Wallet, CoinEx Smart Chain, CoinEx Explorer, and the non-profit blockchain charity organization CoinEx Charity, thereby establishing a diversified developmental ecosystem. To mark this significant milestone, we invite you to watch our 7th-anniversary recap video, which highlights our journey and achievements. Watch the 7th Anniversary Recap Video.

Since its establishment in 2017, CoinEx has weathered numerous storms, responding to the ever-changing market environment, rapid technological advancements, and the rise of competitors. For seven years, CoinEx has stood like a resilient giant, continually adapting to market changes and adjusting its pace. During these years, CoinEx has undergone significant transformations.

From promoting technological advancements to implementing international operational strategies and product services, each transformation has been accompanied by challenges and opportunities. Guided by the mission “Via Blockchain, Making The World A Better Place” CoinEx has evolved from its initial explorations, gradually adapting to changing market demands. After navigating various trials and transformative experiences, CoinEx has reached a stage where it can independently thrive and soar.

With wings borne of courage, we shall overcome the waves. Over these extraordinary seven years, CoinEx has achieved remarkable accomplishments in areas such as user base, technical strength, and market influence, thanks to its robust and stable security infrastructure, comprehensive product experiences, and a diverse range of quality assets. Looking back, every key milestone and achievement over these seven years has built the glory CoinEx enjoys today.

2017-2019: Refinement and Growth

At the end of 2017, when Bitcoin’s price surpassed $10,000, the cryptocurrency market experienced explosive growth. CoinEx was founded at this historic moment, fueled by passion and the vision of “To become the infrastructure of the blockchain world.” It bravely embarked on an unknown journey, actively exploring new cryptocurrency trading products and establishing a solid foundation for its ambition to become a globally recognized exchange.

Yet, the abrupt arrival of the cryptocurrency winter from 2018 to 2019 created a stark contrast to 2017’s boom. During this period, market sentiment plummeted, trading volumes dropped sharply, and many exchanges faced severe challenges. In response, CoinEx proactively launched a series of products such as the platform token CET and the cryptocurrency wallet CoinEx Wallet, bravely facing difficulties and maintaining its exploration. Thanks to these outstanding products, CoinEx quickly rose to the top of global trading volumes among similar platforms, becoming one of the exchanges with the most extensive global reach.

2020-2022: Innovation and Transformation

During this period, the cryptocurrency market surged once again but was soon followed by significant crashes. Concurrently, many new realms have emerged within blockchain technology and the crypto space, marking the beginning of an era brimming with opportunities and challenges. Driven by technology, sparking creativity, CoinEx, having built a solid foundation, began to accumulate strength. Upholding the brand philosophy of “user first,” CoinEx expanded its ecosystem comprehensively and seized the moment to take the lead in the international cryptocurrency market.

Riding the trend of the recovering crypto market, CoinEx transformed its mindset, broadened its horizons, and adopted multiple initiatives. The team successfully established the CoinEx Smart Chain public chain ecosystem with advanced blockchain technology and ventured into public welfare by setting up a $10 million charity fund and forming CoinEx Charity, further enriching the CoinEx ecosystem.

Additionally, CoinEx swiftly expanded into global markets, launching a Global Ambassador Program and becoming the official partner of the Rugby League World Cup (RLWC 2021), fully initiating its international operational strategy and strategically laying out its presence in international markets. By creating localized professional services, CoinEx effectively expanded its influence globally, achieving rapid growth in both brand recognition and user base.

Technological advancement was a crucial driving force behind the company’s transformation. CoinEx seized opportunities within the volatile cryptocurrency market, consistently upgrading and iterating its products and services. Flexibly responding to market changes, and ultimately completing a stunning metamorphosis into a diversified crypto ecosystem.

2023-Present: Resilience and Soaring

In recent years, the cryptocurrency market has faced regulatory challenges while also witnessing a resurgence, with Bitcoin prices reaching new heights. This period is marked by both development and challenges. After enduring market trials and prolonged refinement, CoinEx has maintained its original intentions, unwavering in the face of adversity, meticulously perfecting its products and services. Through the close integration of product innovation and token benefits, CET’s price has steadily risen in recent years, surpassing $0.1 this year and hitting a new three-year high, with a total market value of tokens burned reaching $7,546,387.66.

As trading operations mature, CoinEx continues to innovate technologically in response to market demands, with a focus on products and services. It has accelerated product iteration speed, achieving over 150 product upgrades in just two years, and launched new products including CoinEx Staking, CoinEx Mining, PreToken Trading, and P2P, continuously enriching its trading product line. Currently, the platform supports over 1,200 trading currencies and more than 1,800 trading markets to meet the diverse investment needs of users and provide a wider range of specialized services for global users.

While product growth has surged, CoinEx has always prioritized the safety of user funds. By identifying and assessing risks, CoinEx has established comprehensive measures including reserve proof, asset security systems, user protection funds, and user safety education. Since its inception, CoinEx has consistently created a safety shield for its users, continually upgrading its security systems to enhance trust and satisfaction, creating a safe and reliable trading environment for global cryptocurrency users.

The strengthening of foundational business capabilities has accelerated CoinEx’s global expansion. Adopting a strategy of “stabilizing while accelerating,” CoinEx has actively and cautiously advanced its international business strategy through initiatives such as a global broker program, KOL growth plan, and multilingual services. CoinEx has also sponsored and participated in numerous renowned industry conferences and forums, including TOKEN2049, Bitcoin 2023, Taipei Blockchain Week 2023, and GM Vietnam, enhancing its brand’s global influence.

By 2024, CoinEx supports 18 language markets, serves over 200 countries and regions, boasts more than 2,000 global communities, and its registered users have exceeded 10 million.

CoinEx is not only focused on short-term breakthroughs but also emphasizes long-term sustainable development, including user education and corporate social responsibility to enhance brand competitiveness and improve brand image. On the one hand, CoinEx has established a comprehensive educational system on its platform, launching modules such as CoinEx Insight, CoinEx Academy, and CoinEx Feed. Through over 2,500 educational contents covering terminology, investment safety, and trading-related knowledge, it fully supports users in their learning and knowledge expansion, enhancing the overall user experience.

On the other hand, CoinEx Charity, a subsidiary of CoinEx, remains committed to its mission by continuously engaging in charitable activities around the world for many years. These activities encompass over 300 public welfare initiatives, including poverty alleviation, educational support, disaster relief, and animal welfare. The organization has donated more than $500,000, directly aiding 60,000 individuals and benefiting 60,000 families. This commitment effectively fulfills the company’s social responsibility and provides valuable support for the development of local charitable initiatives.

Only with fully developed wings can we soar high. Users, products, services, security, technology — each feather injects new vitality into CoinEx’s flight, propelling it to embark on a new journey.

Seven Years of Witnessing: The Heart Will Remember

Over the past seven years, Bitcoin has experienced dramatic changes, from initial prominence to downturns, and now to new highs. Many exchanges have seized opportunities during this unpredictable early stage, some growing into towering giants, while others have been quickly forgotten in the rapidly developing crypto industry. In just seven years, the global cryptocurrency industry has faced numerous challenges and uncertainties. Success is a game for those who persevere until the end. In a highly volatile market environment, only those teams willing to break through and remain true to their original intent can thrive and endure.

The resilient strides made over seven years have written a glorious chapter of perseverance for CoinEx; the innovative developments over seven years have crafted a magnificent epic of determination for CoinEx. Seven years ago, CoinEx was able to carve a path in the barren crypto world and establish a solid foothold; seven years later, CoinEx continues to embody its original intent in the rapidly changing crypto era, remembering its mission of “making the world a better place through blockchain,” and stepping forward with confidence to embrace future challenges and opportunities, ready to write a brilliant new chapter.

About CoinEx

Established in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform provides a range of services,including spot and futures trading, margin trading, swap, automated market maker (AMM), and financial management services for over 10 million users across 200+ countries and regions.Since its establishment, CoinEx has steadfastly adhered to a “user-first” service principle. With the sincere intention of nurturing an equitable, respectful and secure crypto trading environment, CoinEx enables individuals with varying levels of experience to effortlessly access the world of cryptocurrency by offering easy-to-use products.

To learn more about CoinEx, visit: Website | Twitter | AppTelegram | LinkedIn | Facebook | Instagram | YouTube

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Simon’s Cat Token Launch: $1000CAT Now Available on Binance https://beincrypto.com/simons-cat-token-launch-on-binance/ Fri, 20 Dec 2024 11:50:24 +0000 https://beincrypto.com/?p=631850 Simon’s Cat is a popular British animated series and book collection by Simon Tofield. It follows the funny adventures of a chubby white cat who always finds creative ways to get his owner to feed him. When $CAT launched on August 22, 2024, it made a huge impact, generating over $600M in trading volume on … Continued

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Simon’s Cat is a popular British animated series and book collection by Simon Tofield. It follows the funny adventures of a chubby white cat who always finds creative ways to get his owner to feed him.

When $CAT launched on August 22, 2024, it made a huge impact, generating over $600M in trading volume on crypto platforms within just 72 hours. It also boosted activity on the BSC Chain, raising it from an average of 4-5% to 19.8% over six days, with a peak of 27.7%.

On December 17, Simon’s Cat achieved another milestone with its successful listing on Binance under the ticker 1000CAT (a bundled version of $CAT, where 1 unit of 1000CAT equals 1,000 $CAT). Moreover, 12.7% of the overall supply was reserved for distribution through the Binance HODLer Airdrop.

About Binance HODLer Airdrops Portal

The Binance HODLer Airdrops program offers token rewards to BNB holders based on snapshots of their historical BNB balances. By subscribing their BNB to Simple Earn, users automatically qualify for HODLer Airdrops, along with additional benefits from Launchpool and Megadrop.

Simon’s Cat is the fourth project introduced through the HODLer Airdrops portal. Like previous tokens, it boasts world-class liquidity across multiple trading pairs and has gained strong support post-listing, leveraging a wide range of resources within the Binance ecosystem.

About $CAT

Simon’s Cat Token is the official Web2 IP brand coin of Simon’s Cat, supported by IP rights and the original creator. It aims to make Web3 fun and accessible by creating a community-driven ecosystem that delivers value to fans and fosters positive real-world impact.

Key Details

  • Max Token Supply: 9,000,000,000,000 CAT
  • HODLer Airdrops Token Rewards: 1,143,000,000,000 CAT (12.7% of max token supply)
  • Current Circulating Supply: 6,749,954,917,916 CAT (75% of total supply)
  • Circulating Supply upon Listing on Binance: 7,892,954,917,916 CAT (88% of max token supply)

Tokenomics

  • Presale Investors: 30.00% $CAT
  • Liquidity: 22.30% $CAT
  • $FLOKI Holders Airdrop: 15.00% $CAT
  • Simon’s Cat Foundation: 10.00% $CAT
  • Treasury: 5.00% $CAT
  • Market Makers (MM’s): 5.00% $CAT
  • Binance Holders Airdrop: 12.70% $CAT

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The Open Platform Announces Official Launch of Self-Custodial Wallet: TON Space https://beincrypto.com/top-announces-launch-of-self-custodial-wallet/ Fri, 20 Dec 2024 10:27:58 +0000 https://beincrypto.com/?p=631689 The Open Platform, the major VC  & Venture builder in TON Blockchain, has announced the beginning of the  roll out of TON Space. This marks the end of the beta development period  and subsequent gradual launch of the self-custodial wallet platform.  TON Space achieved impressive growth during its development phase, with more than 100 million … Continued

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The Open Platform, the major VC  & Venture builder in TON Blockchain, has announced the beginning of the  roll out of TON Space. This marks the end of the beta development period  and subsequent gradual launch of the self-custodial wallet platform. 

TON Space achieved impressive growth during its development phase, with more than 100 million Telegram users having used it to create  self-custodial wallets during its beta period. 

With this launch, the custodial Wallet platform and non-custodial TON  Space platform will be presented to users as equivalent options making the  TON ecosystem more accessible. As a result of the wallets navigation  update, existing Wallet users are able to seamlessly switch between  custodial and self-custodial accounts in one interface. Along with the new  navigation, users will benefit from a smooth onboarding to effortlessly  navigate between TON Space and Wallet. 

The inclusion of a self-custodial offering will allow The Open Platform to be  even more agile in developing and expanding TOP’s entire suite of  connected products. TON Space will introduce the wider TON ecosystem to  new markets, and plans to offer integrations that include a dApp catalog,  DEX and staking aggregation solutions, as well as mechanisms for NFT  and Jetton giveaways. 

Having already introduced over 10% of Telegram’s nearly 1 billion users to  Web3, TON Space has taken a dominant position in the space and is  primed to not only improve the discoverability and conversion rate of

ecosystem developers, but also to promote the growth of and set the  standard for asset management products across the industry. 

Andrew Rogozov, Chief Executive Officer of The Open Platform, said ‘We  aim to engage 30% of Telegram users in the TON ecosystem by 2028, and  the launch of our self-custodial wallet is yet another milestone in our  journey to achieve this goal.’ 

About The Open Platform (TOP)

The Open Platform (TOP) is a VC and venture builder for early-stage  projects on the TON Blockchain. TOP provides a powerful toolkit of funding,  expertise, and technology resources, streamlining access to critical tools  like wallets, developer resources, SDKs, APIs, and marketplaces. With this  support, TOP enables developers to build scalable Web3 products ready  for widespread adoption. 

For more information, please visit: Website | Linkedin | X

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Pudgy Penguins Token Launch: $PENGU Now Live on Binance https://beincrypto.com/pudgy-penguins-token-launch-pengu-now-live-on-binance/ Fri, 20 Dec 2024 09:29:33 +0000 https://beincrypto.com/?p=631677 Pudgy Penguins is a leading and highly popular NFT collection on Ethereum with a market cap exceeding $500M. Launched in 2021, Pudgy Penguins quickly became a sensation during the early NFT boom, earning mentions in the New York Times, features on CNBC, and spawning countless internet memes. Today, Pudgy Penguins have grown beyond NFTs, becoming … Continued

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Pudgy Penguins is a leading and highly popular NFT collection on Ethereum with a market cap exceeding $500M.

Launched in 2021, Pudgy Penguins quickly became a sensation during the early NFT boom, earning mentions in the New York Times, features on CNBC, and spawning countless internet memes.

Today, Pudgy Penguins have grown beyond NFTs, becoming one of crypto’s strongest communities and a global cultural phenomenon, with over 50 billion views on social media.. Now, they are taking a bold step forward with the launch of their own token, $PENGU, which is officially live on Binance! Additionally, 3% of the total $PENGU supply has been allocated for the Binance HODLer Airdrop.

About Binance HODLer Airdrops Portal

The Binance HODLer Airdrops program rewards BNB holders with token airdrops based on historical snapshots of their BNB balances. Users who subscribe their BNB to Simple Earn automatically become eligible for HODLer Airdrops, as well as rewards from Launchpool and Megadrop. 

$PENGU is the 5th project launched through the HODLer Airdrops portal, and like other tokens, it is listed with world-class liquidity across multiple trading pairs. The project has received extensive support after listing, with access to various resources within the Binance ecosystem.

About $PENGU

$PENGU is a token launched by Pudgy Penguins, serving as a way for people to join the community. While it has no direct utility, the Pudgy Penguins brand will continue to expand its reach through various retail, content, gaming, and social initiatives.

Key Details

  • Token Type: SPL Token
  • Circulating Supply When Listed on Binance: 62,415,951,646 (70.22% of max token supply)
  • Total Supply: 88,888,888,888
  • Maximum Supply: 88,888,888,888
  • Binance HODLer Airdrop Allocation: 2,666,666,666.64 (3% of max token supply)

Tokenomics

  • Pudgy community: 25.9% $PENGU
  • Other communities: 24.12% $PENGU
  • Current & future team: 17.8% $PENGU
  • Liquidity: 12.35% $PENGU
  • Company: 11.48% $PENGU
  • Public good: 4% $PENGU
  • Proliferation: 4% $PENGU
  • FTT holders: 0.35% $PENGU

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Venus Protocol Launches on Base Chain, Transforming DeFi Landscape on Base https://beincrypto.com/venus-protocol-launches-on-base-chain/ Thu, 19 Dec 2024 19:09:01 +0000 https://beincrypto.com/?p=630537 Venus Protocol, a leading lending platform in the multichain DeFi space, is excited to announce its upcoming deployment on Base Chain, a robust Ethereum Layer 2 solution developed by Coinbase. This strategic move aims to leverage Base’s growing ecosystem, which has seen a remarkable increase in liquidity and user engagement. Introduction to Base Base is … Continued

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Venus Protocol, a leading lending platform in the multichain DeFi space, is excited to announce its upcoming deployment on Base Chain, a robust Ethereum Layer 2 solution developed by Coinbase.

This strategic move aims to leverage Base’s growing ecosystem, which has seen a remarkable increase in liquidity and user engagement.

Introduction to Base

Base is built on an Optimistic Rollup stack, offering rapid transaction speeds and low fees, making it an ideal environment for decentralized finance (DeFi). With nearly 2 million daily active addresses and a Total Value Locked (TVL) of $2.4 billion, Base serves as a gateway for new users entering the DeFi space through Coinbase’s centralized exchange.

Rationale for Deployment

The integration of Venus Protocol into the Base ecosystem is poised to deliver significant benefits:

  • User Growth: Base’s close ties with Coinbase facilitate the onboarding of thousands of new DeFi users monthly.
  • Market Opportunities: Venus will create lending markets for high-volume tokens, ensuring users have access to a diverse array of assets.
  • Revenue Potential: The high user activity on Base translates into substantial revenue opportunities for Venus.
  • Incentive Alignment: With anticipated Base incentives, Venus is well-positioned to capture a share of these rewards, benefiting both new and existing users.

Proposed Assets for Deployment

Venus plans to support a variety of assets on Base, including:

  • ETH
  • USDC
  • cbBTC
  • cbETH
  • wstETH
  • ezETH
  • AERO
  • weETH
  • WBTC
  • Brett

Why Base?

AlphaGrowth, a DAO service provider specializing in DeFi growth, sees the Base deployment as a pivotal opportunity for expanding the Venus ecosystem. With a commitment to decentralization and innovation, AlphaGrowth aims to create a more competitive lending landscape.

The deployment of Venus Protocol on Base represents a significant step towards tapping into millions of new DeFi users. We invite the community to share their thoughts on this exciting growth proposition.

About Venus Protocol

Venus is a top lending protocol in the multichain DeFi space, currently deployed on Ethereum, BNB chain, ZKsync, opBNB, Optimism, Arbitrum and Base. Venus is the most audited DeFi protocol in the industry which makes users confident in the safety of their assets once they deposit on Venus. All decisions regarding Venus Protocol are made by Venus DAO, a fully-decentralized community governed by the $XVS native token. With the $XVS token, users also have access to Real Yield using Venus Prime, which ensures sustainable liquidity. To learn more about Venus, go to www.venus.io

About Base

Base is a secure, low-cost, builder-friendly Ethereum L2 designed to help bring a billion users and a million developers onchain with an ecosystem of onchain applications. Base transaction costs of less than 1 cent and speeds of just a few seconds make onchain technology more accessible to everyone. Base offers a 24/7 global payment rail that operates at the speed of the internet, as well as a low-cost technology layer that anyone can use to create onchain applications, such as for social media, gaming, and entertainment.

As an open and permissionless platform, we want to make it as easy and rewarding as possible for anyone to build and create on Base, to maintain ownership over their content, and earn revenue for their work. We’re committed to engaging with and educating the developer community, because we believe developers who build consumer applications are the key to unlocking an onchain future for all.

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Privasea Upgrades ImHuman App With New Features And Improved Performance https://beincrypto.com/privasea-upgrades-imhuman-app/ Thu, 19 Dec 2024 12:52:38 +0000 https://beincrypto.com/?p=631261 Privasea, a leading privacy-first technology, has rolled out a major update to its flagship product, the ImHuman app, introducing enhanced features and improved performance to strengthen human identity verification amid rising AI-generated content and digital fraud. As AI media increasingly blurs the lines between real and fake, verifying human identity online has become critical. ImHuman … Continued

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Privasea, a leading privacy-first technology, has rolled out a major update to its flagship product, the ImHuman app, introducing enhanced features and improved performance to strengthen human identity verification amid rising AI-generated content and digital fraud.

As AI media increasingly blurs the lines between real and fake, verifying human identity online has become critical. ImHuman addresses this challenge with advanced facial biometrics and blockchain-based verification, ensuring that users interact with real individuals, not AI imposters. By securely storing identity data on-chain, the app provides a reliable and tamper-proof method for proving authenticity across digital platforms.

What’s New In Version V1.1.0?

The latest version of ImHuman, V1.1.0, introduces several enhancements designed to simplify user interaction, improve verification, and deliver a seamless experience:

  • Streamlined Verification Process: Users now have a single entry point for verification codes. The system automatically detects the source of the code, eliminating unnecessary steps and speeding up the process.
  • Unique Score Enhancement: Users can now link their social media accounts to enhance their Unique Score – a metric that measures account authenticity and helps differentiate human users from bots.
  • Improved Task Management: The updated task management system provides clear task descriptions, step-by-step instructions, and real-time status updates, making it easier for users to track progress.
  • Upgraded Proof of Human System: Blockchain integration enhances the Proof of Human (PoH) system. Features like Face-NFTs and Unique Scores can now be pushed on-chain, allowing other platforms to verify user authenticity directly from the blockchain. This upgrade strengthens trust and interoperability across the digital ecosystem.

The update also resolves previous issues, including Solana blockchain transaction errors, computational glitches during facial verification, and bugs affecting the Stars System. Users can now enjoy a smoother, more reliable app performance.

Real-world Applications Of Privasea’s Technology

Privasea’s technology has real-world implications across key industries. In cloud computing, data can be processed securely without exposing raw information. In healthcare, encrypted medical data analysis enables better patient outcomes while maintaining privacy.

For financial services, the technology ensures confidential analysis of sensitive data. Similarly, it supports machine learning by enabling AI training on encrypted datasets, preserving data integrity and privacy.

With these advancements, Privasea continues to set a high standard in privacy-focused solutions, helping users to protect their identities and navigate the digital world with confidence.

About Privasea

Privasea develops privacy-focused tools using fully homomorphic encryption, allowing users to protect their digital identities. With ImHuman, the company offers practical solutions for tackling challenges in online trust and security.

Visit Privasea’s website to learn more, or download the updated ImHuman app from the Apple App Store or Google Play Store.

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PSG and Matchain Unveil Joint Innovation Studio: Leading the Future of Web3 in Sports https://beincrypto.com/psg-and-matchain-unveil-joint-innovation-studio/ Wed, 18 Dec 2024 09:43:22 +0000 https://beincrypto.com/?p=630249 Paris Saint-Germain (PSG), one of the world’s most iconic football clubs, and Matchain, a pioneering blockchain platform specializing in AI and decentralized identity (DID) solutions, proudly announce the launch of the Joint Innovations Studio (JIS). This one-of-a-kind collaboration is designed to transform PSG’s digital ecosystem, leveraging cutting-edge blockchain, AI, and decentralized technologies to create secure, … Continued

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Paris Saint-Germain (PSG), one of the world’s most iconic football clubs, and Matchain, a pioneering blockchain platform specializing in AI and decentralized identity (DID) solutions, proudly announce the launch of the Joint Innovations Studio (JIS).


This one-of-a-kind collaboration is designed to transform PSG’s digital ecosystem, leveraging cutting-edge blockchain, AI, and decentralized technologies to create secure, personalized, and interactive solutions that engage PSG’s global community of over 500 million fans while supporting partners and operational teams.

Unlocking a New Era in Sports Technology

The Joint Innovation Studio (JIS) is redefining sports technology by merging PSG’s global influence with Matchain’s blockchain expertise to create a secure, personalized, and interactive ecosystem. Going beyond fan engagement, the JIS bridges Web2 and Web3 integrating PSG’s strategies with innovative Web3 solutions. 

Key highlights of the Joint Innovations Studio include:

  • Decentralized Identity Solutions (DID): Empowering the Club and fans to engage and control their data together while ensuring privacy and security.
  • Digital Collectibles: Launching exclusive digital assets, including digital jerseys, iconic match highlights, and historical PSG moments.
  • Collaborative Ecosystem: Encouraging open innovation including internal ideas and participation, third-party contributions and partnerships to foster bold, diverse innovations that align with PSG’s vision for the future of sports tech.

Why This Partnership is a Game-Changer

  1. First of Its Kind: A trailblazing collaboration between a major football club and a decentralized identity (DID) and AI solution company, setting the stage for future innovations in sports-tech.
  2. Fan Empowerment: Transforming passive spectators into co-creators and decision-makers within a decentralized, secure data ecosystem.
  3. Scalable Data and AI Innovations: Developing practical Data and AI solutions that integrate seamlessly with PSG’s established systems, enabling a collaborative approach that enhances efficiency and scalability.

An Inclusive Vision

PSG and Matchain are dedicated to making innovation accessible to everyone, regardless of their familiarity with blockchain or Web3 technologies. The Joint Innovations Studio is designed to provide user-friendly, seamless experiences, ensuring that PSG’s global fanbase can fully enjoy these technological advancements.

A Collaborative Opportunity

Operating from PSG’s Paris headquarters, the Joint Innovation Studio will serve as a global hub for collaboration with Web3 pioneers, cross-industry partners, and third-party innovators. By fostering an open ecosystem and encouraging diverse and bold innovations, PSG and Matchain are setting the stage for a future where sports and technology converge solving business problems.

Par Helgosson, Head of PSG Labs:

“PSG has always been a pioneer in embracing cutting-edge technologies to connect with our fans and ecosystem. The Joint Innovations Studio is a natural step forward on our innovation journey, now defining how innovation is captured, created, built and delivered in a secure, and personalized way, together with Matchain’s expertise.”

Petrix Barbosa, CEO of Matchain:

“Partnering with PSG allows us to showcase how Web3 technologies can transform industries. This collaboration represents a future where fans are empowered, and their engagement with the club is more meaningful than ever.”

This collaboration with Matchain reinforces PSG’s position as one of the most innovative clubs in sports, setting a new benchmark for digital innovation.

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Saga Launches Mainnet 2.0 to Transform Blockchain Economics, Partners with Uniswap https://beincrypto.com/saga-launches-mainnet-2-0/ Tue, 17 Dec 2024 16:00:00 +0000 https://beincrypto.com/?p=629074 Saga, the Layer 1 blockchain protocol to launch Layer 1s, today announced its Mainnet 2.0, setting the stage for a fundamental transformation in how the blockchain industry approaches liquidity. The growing number of independent blockchains has created unprecedented challenges for liquidity management and cross-chain operations. This major upgrade lays the foundation for the Q1 2025 … Continued

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Saga, the Layer 1 blockchain protocol to launch Layer 1s, today announced its Mainnet 2.0, setting the stage for a fundamental transformation in how the blockchain industry approaches liquidity.

The growing number of independent blockchains has created unprecedented challenges for liquidity management and cross-chain operations. This major upgrade lays the foundation for the Q1 2025 launch of Saga’s Liquidity Integration Layer (LiL), which will create a unified liquidity environment across all blockchain ecosystems. Combining LiL with a novel token economic design, Saga will be able to automate bridge and routing transactions and eliminate gas fees for users interacting with DeFi products on Saga. 

Uniswap v3, the world’s leading decentralized exchange (DEX), is deployed on Saga’s natively multichain protocol in a historic first – marking their inaugural app chain. Uniswap v3 is deployed on a Saga Chainlet and will enable a completely gasless trading experience, removing one of the primary barriers to mainstream crypto adoption and demonstrating Saga’s new economic model to make decentralized finance accessible to everyone. Saga’s LiL will enable easy and automated asset movement from any ecosystem to the Uniswap DEX.

“Blockchain’s promise of financial accessibility has been held back by fragmented liquidity and prohibitive gas fees,” said Rebecca Liao, Co-Founder and CEO at Saga. “Today’s fractured landscape of appchains and L2s forces users to navigate complex bridges, manage multiple tokens, and pay unpredictable fees just to complete basic transactions. With Mainnet 2.0 and our Liquidity Integration Layer, we’re creating a unified environment where liquidity flows freely between chains and applications, users never pay gas fees, and developers can finally build without constraints.”

“We are very supportive of the first canonical appchain deployment. So many projects, especially in the ETH ecosystem, have tried to solve liquidity fragmentation in multichain environments, and this is the first comprehensive solution to market,” said Joe Bjornsen, Head of Uniswap Growth Program. “At the most basic level, gasless trading on Uniswap is a game-changer, and now everyone can enjoy it here!”

Saga represents a radical departure from traditional blockchain economics. Instead of charging per-transaction gas fees that create barriers for users and developers, Saga’s model generates revenue by capturing a percentage of the total value flowing through the network. This approach enables:

  • Completely gasless transactions for end users
  • Elimination of complex bridge systems and token management
  • Seamless movement of assets between different chains and applications
  • New revenue opportunities for developers without burdening users
  • True interoperability between blockchain ecosystems

To support the Mainnet 2.0 upgrade, Saga is working with two infrastructure partners:

  • Evmos is providing the Ethereum Virtual Machine (EVM) runtime for Saga’s chainlets, enabling native support for EVM tokens
  • Squid Router is extending its token swapping and routing services to Saga’s EVM environment

These partnerships support Saga’s development of the Liquidity Integration Layer, designed to eliminate gas fees for users while creating new revenue opportunities for developers.

With Mainnet 2.0 now live and supporting the Uniswap deployment, Saga is on track to launch its Liquidity Integration Layer in Q1 2025. The LiL will build upon Mainnet 2.0’s foundational infrastructure to deliver a comprehensive solution for unified liquidity across blockchain ecosystems. Developers interested in leveraging Saga’s infrastructure can begin building on Mainnet 2.0 immediately, with seamless integration into the LiL environment when it launches next year.

For more information about Saga and its upcoming Liquidity Integration Layer, please visit www.saga.xyz.

ABOUT SAGA

Recognized as a leading developer ecosystem in crypto and web3 gaming, Saga is creating the developer environment of the future. Its mission is to help creators unblock themselves and build where blockspace is at its most plentiful and simple. Saga was founded in 2022. Early seed investors include Placeholder, Maven11, Longhash, Samsung, Com2uS, and Polygon. Originally built on Cosmos, Saga has furthered its presence by bringing typically disparate but the best ecosystems into its Saga Multiverse through ongoing strategic partnerships.

Saga Origins is the Saga game publishing arm. Launched in March 2024, it aims to build a portfolio of games that will make players think and feel in new ways. Creatively, Saga Origins projects are provocative, like web3, and the titles will push the envelope on what’s considered gaming on all fronts.

To learn more about the Saga protocol, check out our website, litepaper, and developer documentation. Be sure to join Saga’s Discord and Telegram and follow Saga on Twitter for the latest news and updates.

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T-Rize Group Secured a $300M Tokenization Deal, Supercharging a $2B Global Pipeline and Redefining Decarbonized Institutional-Grade Real World Asset (Rwa) Investments https://beincrypto.com/t-rize-group-secured-a-300m-tokenization-deal/ Tue, 17 Dec 2024 13:00:00 +0000 https://beincrypto.com/?p=629514 T-RIZE Group, a leader in Real World Asset (RWA) tokenization, has entered into a strategic agreement for a $300 million deal to tokenize Project Champfleury, a transformative 960-unit residential new development in Canada. This monumental achievement highlights T-RIZE’s ability to leverage blockchain technology to unlock unprecedented opportunities in institutional-grade real estate investments. A Market Disruptor: … Continued

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T-RIZE Group, a leader in Real World Asset (RWA) tokenization, has entered into a strategic agreement for a $300 million deal to tokenize Project Champfleury, a transformative 960-unit residential new development in Canada.

This monumental achievement highlights T-RIZE’s ability to leverage blockchain technology to unlock unprecedented opportunities in institutional-grade real estate investments.

A Market Disruptor: Applying Proven Institutional Strategies to Real Estate

Global financial powerhouses like BlackRock, Franklin Templeton, and Hamilton Lane have embraced asset tokenization to modernize traditional finance. T-RIZE Group is taking this revolution to the next level by applying tokenization to large-scale construction projects.

Madani Boukalba, CEO of T-RIZE Group, emphasized:

“Project Champfleury marks the convergence of institutional finance and blockchain innovation. By tokenizing high-value real estate projects, we are dismantling the inefficiencies of traditional markets and offering investors a future-ready, compliant, and scalable investment vehicle. This is how construction and real estate investment will evolve.”

Unlocking Massive Opportunities in Tokenization

The World Economic Forum expects 10% of global GDP could be tokenized and stored on the blockchain by 2027. Institutions have already recognized the immense value of this shift, with tokenization offering:

  • Liquidity: Traditional real estate lacks liquidity. Tokenization transforms illiquid assets into digital tokens that can be traded globally, creating instant access to capital.
  • Global Accessibility: Investors worldwide can participate seamlessly in projects like Project Champfleury, bypassing the barriers of conventional real estate markets.
  • Speed and Efficiency: T-RIZE reduces transaction timelines from months to weeks, offering unmatched cost efficiency and accelerated ROI.
  • Sustainability Embedded: Our approach integrates environmental sustainability with financial gain, leveraging tokenized carbon credits to create investments that are not only lucrative but also contribute to global decarbonization efforts.

Building Solutions for the G20 Housing Crisis

With housing shortages reaching critical levels across G20 nations, T-RIZE Group’s scalable model offers a blueprint for rapid development. By tokenizing construction projects, T-RIZE democratizes access to real estate investments while accelerating housing delivery.

Why VCs and Institutional Investors Are Turning to T-RIZE

T-RIZE Group has built a robust, future-proof platform tailored for institutional investors:

  • Institutional-Grade Compliance: T-RIZE ensures every tokenized asset meets or exceeds international standards, appealing to investors with rigorous risk profiles.
  • Strategic Partnerships: Collaborations with industry leaders in data integrity and institutional interoperability to ensure transparency, security, and seamless execution.
  • Scalable Infrastructure: T-RIZE’s blockchain platform handles complex multi-jurisdictional transactions with precision, offering investors unparalleled liquidity and scalability.

Project Champfleury: A Milestone in the $2 Billion Pipeline

Project Champfleury is just the beginning. With a $2 billion pipeline of global assets signed MOUs, T-RIZE is positioned to revolutionize construction and asset management at scale. This is a rare opportunity for forward-thinking investors to capitalize on a market that is projected to surge in value over the next decade.

T-RIZE will offer Global and U.S. accredited investors a first tranche of the project through Texture Capital, a SEC-registered ATS and FINRA broker-dealer, ensuring full compliance and seamless access to previously hard-to-reach opportunities.

About T-RIZE Group

T-RIZE Group is reshaping the future of institutional-grade investments through cutting-edge blockchain technology. Combining smart contracts, AI-driven infrastructure, and carbon credit tokenization, T-RIZE provides investors with secure, compliant, and innovative pathways to access high quality assets. The T-RIZE Network token (RIZENET) enables opportunities for liquidity and governance, within the T-RIZE Platform.

Website

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Levva Reveals December Token Sale with Industry-First Merge Strategy https://beincrypto.com/levva-reveals-december-token-sale/ Tue, 17 Dec 2024 11:15:00 +0000 https://beincrypto.com/?p=629513 Levva, the automated DeFi yield protocol, announces its token sale scheduled for December 17th. The sale marks a significant milestone for the protocol, which has already secured $3M in TVL and established partnerships with leading industry players, including Cicada Market Making and Hardcore Labs (HCL). Community-Centric Token Distribution Levva’s tokenomics prioritizes community ownership, with 90% … Continued

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Levva, the automated DeFi yield protocol, announces its token sale scheduled for December 17th. The sale marks a significant milestone for the protocol, which has already secured $3M in TVL and established partnerships with leading industry players, including Cicada Market Making and Hardcore Labs (HCL).

Community-Centric Token Distribution

Levva’s tokenomics prioritizes community ownership, with 90% of the total supply directed to community-focused initiatives. The token structure introduces a unique 1:1 merge mechanism with an established project, instantly providing exchange listings on major platforms like KuCoin and Gate.io while bringing an active user base into the Levva ecosystem.

Initial Distribution (1.25B tokens)

  • 80% allocated for token merge, bringing immediate liquidity and an established community
  • Up to 5% allocated for public token sales, with 1.75% confirmed for the event on December 17th.
  • 5% reserved for community rewards, distributed through Spark point farming and ecosystem growth initiatives
  • 5% allocated to treasury for operational expenses
  • 2.5% reserved for team (12-month cliff, 24-month vesting)
  • 2.5% allocated to early adopters

Strategic Emission Schedule

The remaining 750M tokens (37.5% of max supply) will be minted over five years through a halving mechanism:

  • Year 1: 375M tokens (7.21M per week)
  • Year 2: 187.5M tokens (3.61M per week)
  • Year 3: 93.75M tokens (1.80M per week)
  • Year 4: 46.88M tokens (901K per week)
  • Year 5: 46.88M tokens (901K per week)

This structured emission ensures sustainable ecosystem growth while preserving long-term value. Unclaimed merge tokens will strengthen protocol sustainability through Treasury and Team allocations, with team allocation capped at 18% of maximum supply.

Infrastructure and Technical Excellence

Levva’s ecosystem combines advanced yield-generation capabilities with institutional-grade infrastructure. The protocol’s modular architecture integrates multiple components:

  • Automated smart vaults deploy sophisticated strategies across major protocols, with the Portfolio Management System (PMS) continuously optimizing risk-adjusted returns. Two-sided lending markets feature customizable interest rates, while three comprehensive audits, including a recent Hashlock review, verify security.
  • Strategic partnerships enhance operational capabilities, with Cicada Market Making providing professional liquidity solutions and Hardcore Labs bringing traditional finance risk management expertise. The protocol maintains deep integrations with Pendle Finance for PT farming, Ether.fi for ETH staking, and an extensive network including Mellow Protocol, KelpDAO, Puffer Finance, and Lombard Finance.
  • Technical robustness is ensured through a multi-layered oracle system combining on-chain data with PYTH and Chainlink feeds. Smart solvers optimize transaction routes while maintaining market-leading low liquidation penalties, with infrastructure ready for cross-chain expansion.

Growth Trajectory

With $3M in current TVL and targeting $10M+ in the coming weeks, Levva demonstrates steady growth focused on sustainable infrastructure development. The protocol prioritizes building robust systems over rushing TVL acquisition, setting a foundation for long-term success.

Token Sale and Merge Details

The fixed-price token sale begins December 17th on Fjord, offering equal participation opportunities for all participants. Through the strategic token merge, $LVVA will gain immediate listings on KuCoin, Gate.io, and other major exchanges, providing robust liquidity and trading opportunities from day one. The 1:1 merge ratio ensures fair value transfer for existing token holders while creating a strong foundation for the combined community.

“Levva’s token distribution model reflects our commitment to community ownership while maintaining professional infrastructure,” said Peter Sergeev, CPO of Levva. “The combination of our automated yield generation technology, strategic merge, and established exchange presence creates genuine utility and accessibility for $LVVA token holders.”

For more information about Levva’s token sale and to participate, visit levva.fi.

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