Zug, Switzerland, 17th November, 2022, Chainwire
Sensorium, the company behind the industry-leading Sensorium Galaxy metaverse, is pleased to announce that it is entering into a collaboration agreement with Polygon Studios.
As part of this wide-ranging alliance, Polygon’s blockchain infrastructure will be crucial in underpinning and furthering Sensorium’s Web3 developments, supporting token and NFT-related features within the Sensorium Galaxy metaverse, SENSO dApp, and the recently announced UNDER project.
The first Sensorium product to rely on Polygon’s infrastructure will be SENSO dApp — a Play-to-Earn tycoon game where players are tasked with scouting NFT artists, organizing metaverse music events and selling tickets in return for SENSO token rewards.
“Polygon is a go-to hub for some of the most important Web3 projects and having the platform as our partner is an important step in raising the ambitions we have for Sensorium’s blockchain ecosystem. The move will also help us create better opportunities for our community to engage with cutting-edge technology and enter a revolutionary new era in digital experiences, which is one of the greatest goals at Sensorium”, explains Alexander Firsov, Sensorium’s Chief Web3 Officer.
Tens of thousands of decentralized apps (dApps) having been built on Polygon so far, the platform has become a major force in the push for Web3 development and adoption, with services catering to segments of the industry, ranging from decentralized finance (DeFi) to gaming and metaverses.
Urvit Goel, VP of Global Games and Platform Business Development at Polygon, said: “In collaborating with Polygon, Sensorium will be able to tap into a vast, sustainable, and highly composable ecosystem and offer its users low-cost and efficient transactions backed by Ethereum’s robust security model. We’re eager to see the Sensorium ecosystem grow and flourish under this alliance.”
More specifically, Polygon provides key Web3 properties to its users, including scalability, security and Ethereum-compatibility, which Sensorium will now be leveraging across its range of products.
Sensorium is edging closer to the public release of Sensorium Galaxy, a metaverse dedicated to delivering high-end entertainment events, and developed hand in hand with the world’s top technological and content partners.
About Sensorium
Founded in 2018, Sensorium is a leading metaverse and Web3 developer, leveraging cutting-edge XR and AI technology to deliver the next generation of virtual experiences in entertainment and beyond. The company’s award-winning Sensorium Galaxy metaverse stands as one of the first platforms introducing global users to multisensory activities across virtual reality worlds, including music concerts, meditation sessions, NFT original content creation and social networking with AI-based virtual beings.
Sensorium is leveraging its long-standing collaboration with the world’s best technology partners and chart-topping performers including David Guetta, Armin van Buuren and Steve Aoki, to shape the future of metaverse-ready events. In addition to powering high-end VR features, accessible through a wide range of interfaces, Sensorium is also pioneering blockchain and web3 solutions for institutional and private partners.
Website | SG Website | SG Twitter | SENSO Twitter | SENSO Telegram | SENSO Discord | SG Instagram | SG Facebook | LinkedIn | SG Youtube
About Polygon
Polygon is the leading blockchain development platform, offering scalable, affordable, secure and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with unique user addresses exceeding 174.9M. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.
Website | Twitter | Ecosystem Twitter | Developer Twitter | Studios Twitter | Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook
About Polygon Studios
Polygon Studios aims to be the home of the most popular blockchain projects in the world. The Polygon Studios team is focused on supporting developers building decentralized apps on Polygon by providing Web2 and Web3 teams with a suite of services such as developer support, partnership, strategy, go-to-market, and technical integrations. Polygon Studios supports projects from OpenSea to Prada, from Adidas to Draft Kings and Decentral Games to Ubisoft.
Twitter | Facebook | Instagram | Telegram | Tiktok | LinkedIn
Contact
Head of Content
Matias Lapuschin
Sensorium
[email protected]
Hong Kong, Hong Kong, 17th November, 2022, Chainwire
Candy Club has successfully integrated into the OKC ecosystem and added a use case for the OKC token and community. OKC is an EVM-compatible L1 built on Cosmos with a focus on true interoperability (IBC) and maximized performance. At high scalability, developers can build and scale with low gas fees. The OKC ecosystem and infrastructure, including the all-in-one multi-chain Web3 interface, enables a seamless experience for both developers and users.
Since Candy Club’s launch at Token2049 Singapore, the social cypto gaming club has been working with Ethereum layer 1s, Polygon, Binance Smart Chain & Tron projects to increase their token utility and demand despite the bearish sentiments.
“Candy Club’s chain agnostic token utility driver offers all projects an equal and fair access to elevating their token demand. We are proud to see Candy Club integrate with OKC to offer our ecosystem and community not only increased use cases tokens within our ecosystem, but also through a fun and social way to use them” Nicholas Soong, Director of OKC Ecosystem Development, Asia Pacific
In 5 weeks since launch, 25 token projects are in the process of onboarding onto Candy Club’s social crypto gaming platform and in turn offer their communities to experience over 600+ live casino, slots and sports wagering games using a derivative of each project’s native ERC20 or BEP20 token.
Through a tech and cost-free integration with Candy Club, the added capacity for any ERC20, BEP20 or TRC20 token to be used as an in-game coin in all Candy Club games increases the project’s token utility, improves token demand in crypto winter and re-engages otherwise stagnant communities in a bear market.
Furthermore, Candy Club’s Bonus Partner Program provides token projects a monthly reward of up to 1% in the cryptocurrency used by their community. This in turn translates into a healthier token treasury that can be used to accelerate token burn, allocate much-needed funds to ensure projects reach their roadmap milestones and give projects the financial flexibility to thrive this crypto winter.
“The last twelve months have been a tough bear market for the crypto Industry, many project tokens have not traded in months. Candy Club was born with the mission to not only bring crypto space together, but offer Token projects the ability to provide their communities with additional utility for their tokens. This allows projects to increase members’ engagement and improve their treasuries to weather this crypto winter and continue to build new updates to their projects.“ David Barrantes, President Candy Club
About Candy Club
Candy Club is the world’s first social crypto gaming platform that accepts all Ethereum and Binance Smart Chain projects with a ERC20 or BEP20 utility token. Legally compliant and security-focused, Candy Club opens the social gaming experience to over 14,000 cryptocurrency projects and over 73 million wallets.
Website | Twitter | Telegram | Youtube |
About OKC
OKC is an EVM-compatible L1 built on Cosmos with a focus on true interoperability (IBC) and maximized performance. At high scalability, developers can build and scale with low gas fees. The OKC ecosystem and infrastructure, including the all-in-one multi-chain Web3 interface, enables a seamless experience for both developers and users.
Website | Twitter | Discord| Telegram | Youtube | Reddit| DevCommunity
Contact
VP Marketing
Ryan He
PlayPeli
[email protected]
Visa has officially ended its strategic partnership with now-bankrupt crypto exchange FTX, Reuters reported on Monday.
A Visa spokesperson said as quoted by Reuters: “The situation with FTX is unfortunate and we are monitoring developments closely. We have terminated our global agreements with FTX and their U.S. debit card program is being wound down by their issuer.”
Fintech firm Plaid also suspended FTX US’s access to its services over what it states were “concerning public reports” of fraud.
The news comes just a month after FTX launched the deal allowing users to receive debit cards in 40 countries worldwide. Following the announcement, FTX’s native cryptocurrency FTT skyrocketed roughly 7 percent, or up to $25.62.
Last week, Binance chief executive Changpeng Zhao (CZ) revealed he would liquidate the company’s holdings of FTT, triggering a huge bank run and liquidity crisis for the troubled exchange.
The withdrawals led to an impending collapse for FTX, namely after it entered a non-binding letter of intent with Binance for the latter to acquire the former. The deal fell through after Binance pulled out of the offer, citing compliance issues with FTX.
Investors of Bitcoin have begun moving their cryptocurrency funds from on-chain to self-custody platforms after the collapse of FTX, according to analytics firm Glassnode.
Glassnode tweeted on 13 November that Bitcoin outflows reached 106,000 BTC each month, similarly to incidences in April, June, and July this year as well as November 2020.
Bitcoin exchange address transfers also skyrocketed to roughly 90,000 on 9 November, it added, indicating a loss in confidence in centrally-held cryptocurrency exchanges.
Following the collapse of FTX, #Bitcoin investors have been withdrawing coins to self-custody at a historic rate of 106k $BTC/month.
— glassnode (@glassnode) November 13, 2022
This compares with only three other times:
– Apr 2020
– Nov 2020
– June-July 2022https://t.co/92aYVYU4Yt pic.twitter.com/em7CsDBWUf
Glassnode Statement
A statement from Glassnode said that FTX’s collapse “created a very distinct change” in Bitcoin holder behaviours “across all cohorts.”
Despite this, the firm also noted users were increasingly adding stablecoins to exchanges, or an additional $1 billion in just one day on 10 November, totalling $41.2 billion.
Following the collapse of FTX, #Bitcoin investors have been withdrawing coins to self-custody at a historic rate of 106k $BTC/month.
— glassnode (@glassnode) November 13, 2022
This compares with only three other times:
– Apr 2020
– Nov 2020
– June-July 2022https://t.co/92aYVYU4Yt pic.twitter.com/em7CsDBWUf
According to Glassnode, the collapse was “nothing short of remarkable, shocking, and disappointing.”
It explained: “Such an event is a tremendous blow to the industry, leaving millions of customers with trapped funds, damaging many years of constructive industry reputation, and creating new credit contagion risks, many of which likely still remain undetected.
Glassnode cited the Mt Gox collapse in 2013, which similarly used fractional reserve crypto platforms.
Despite the situation, the “free market” of the cryptocurrency economy would remove all “excess and malfeasance, albeit with significant pain along the way.”
Additional systems such as Proof-of-Reserves and self-custody wallet pushes would allow the crypto market to “heal, recover, and return stronger in the months and years ahead,” it concluded.
Cupertino, CA, 17th November, 2022, Chainwire
Emerging from dStorage leader 0Chain, Züs arrives at the perfect time to solve one of the major problems facing Web3: how can a decentralized internet rely so heavily on centralized cloud data solutions? Züs, an open source protocol, is a high-performance, lightning-fast decentralized storage network which will open the door to the limitless possibilities of Web3. Züs, the God of the Sky, will finally take Web3 beyond the cloud.
As blockchain technology continues to evolve, so does how people and businesses use it. With Web3 now manifesting in full, an unprecedented amount of data, including sensitive personal, financial, and health data, is expected to aggregate. Yet much of the decentralized internet continues to operate on centralized cloud servers. Züs heralds a new era in how data is stored and accessed, creating a powerful economic catalyst for a new “cloud” industry.
“0Chain has evolved from a blockchain technology, a journey we embarked on 5 years ago, to a cloud solution platform that empowers people and businesses to be limitless,” said Saswata Basu, CEO. “Züs is ready to power the full arrival of Web3.”
0Chain’s vision has always been to empower people with access to and control over their own data. The change to Züs reflects the increased power of the chain through product development and economic model maturation, and symbolizes the company’s deep commitment to the Greek principles of fair and open governance.
Züs’s unique decentralized storage platform opens the door for people and businesses to be limitless, and enables small business growth and passive income for individuals.
Differentiating it from previous dStorage protocols, Züs is able to match AWS S3 performance. While platforms like Filecoin and IPFS are good for archival storage, their slower-than-average transaction speeds present long term limits for Web3 storage. Züs solves this problem through its parallel architecture, which has the benefits of better security, privacy, availability, and cost transparency.
Züs is also pleased to announce an ecosystem of dApps that will be available soon. Enabling limitless privacy, security, resiliency, and creativity, these dApps will revolutionize how individuals and businesses store and access their data, how NFT creators can enhance their asset value, and how DeFi can be de-risked.
To learn more about how Züs can empower you or your business follow @Zus_Network on Twitter or visit their website zus.network .
###
About Züs
Züs (formerly 0Chain) is a new way to store data and provide storage, build apps, enhance NFT value, and earn a living from storage income.
Contact
Press Contact
Ayele McCarthy
Züs
[email protected]
(240) 280-4387
Seoul, South Korea, 14th November, 2022, Chainwire
ARGOS ID is delighted to introduce the world’s first Travel Rule solution for crypto wallets. The service brings full coverage on verifying unhosted wallets which virtual asset service providers(VASPs) find challenging in the current stage.
As of the FATF guidance on verifying the originator and beneficiary information on virtual asset transactions, knowing the identities of the crypto wallet holders have been required. In order to comply with the FATF’s guidance regarding unhosted wallets, jurisdictions have started applying enforcement and supervisory measures to local VASPs.
To jurisdictions looking for a simplified Travel Rule solution, especially for personal crypto wallets, ARGOS ID plays a key role. ARGOS ID brings the following benefits to VASPs:
Easy connection to unhosted wallets
With ARGOS ID, crypto wallet holders can easily verify the information of their multiple crypto wallets. Creating a crypto wallet is done without submitting any personal information. In order to verify the holder of the crypto wallet, it is necessary to verify the identity information of the wallet holder. ARGOS ID helps on identifying the unhosted wallet users to both the originator and the beneficiary.
After the creation of the ARGOS ID users can connect to multiple crypto wallets such as MetaMask, Phantom, WalletConnect, and more with just a one-time identity verification process(KYC).
Digital ID suitable for Web 3 environment
ARGOS ID provides an ideal environment where individuals can manage information by themselves. It is suitable for the Web 3 environment as ARGOS ID users can decide which information to delete or revise after completing crypto wallet verification. Information includes SNS login, verified crypto wallet, and photos submitted for ID and selfie during the KYC. The owner of the wallet can manage his or her personal information as ARGOS ID is a self-sovereign digital ID.
Simplified procedure for verifying multiple personal wallets
Connect multiple crypto wallets with one-time KYC (Know Your Customer). The KYC process must be completed after creating ARGOS ID. Currently, ARGOS ID supports 5 blockchain networks – Ethereum, Solana, Binance Smart Chain, Polygon, and Klaytn – and more will be added in the future.
Post creating ARGOS ID with social login, KYC is performed. Once KYC is completed, multiple crypto wallets such as MetaMask, Phantom, and WalletConnect can get connected and verified through ARGOS ID.
Virtual asset transactions available to the Third Party
ARGOS ID lets virtual asset transactions be possible for a third party, which means sending the virtual asset to non-VASP customers is also possible. For example, when a VASP customer wishes to send virtual assets to a third party, a person who is not a VASP customer, ARGOS ID can also be applied. Crypto wallet verification is available with ARGOS ID to both VASP customers and non-customers.
Once both crypto wallets are verified, exchanging virtual assets between customers and non-customers becomes possible. As both the sender’s crypto wallet and the receiver’s wallet have been verified including KYC, it is expected to alleviate the inconvenience of numerous virtual asset exchanges in the current stage.
ARGOS ID is a digital ID suitable for the Web 3 environment. Apply ARGOS ID solutions to your service as it supports you in meeting regulatory compliance on sending and receiving virtual assets. Safely secure the necessary sender’s and receiver’s information with ARGOS ID. With simple API and Web SDK, get ARGOS ID in your service ready without any delay. Experience the simple, fast, and easy integration.
About ARGOS
ARGOS has started the business aiming to provide seamless KYC. With the advent of Web 3 and the rise in the crypto industry, ARGOS has expanded its business into ARGOS ID. ARGOS ID aims at providing a Travel Rule solution for verifying unhosted wallets. Make Unhosted Wallets Compliant.
For more information, visit: Website | Twitter | LinkedIn | Medium
Contact
Marketing Manager
Jieun Lina Kim
Fullstack Inc.
[email protected]
82-10-6480-3423
Major industry leaders across the crypto market have warned investors to transfer their holdings to self-custody markets following the massive crash of FTX.
Executives such as Binance’s Changpeng Zhao (CZ) said in recent statements that holders were urged to take measures following the collapse.
CZ said in a tweet on 13 November: “Self custody is a fundamental human right. You are free to do it anytime. Just make sure you [do] it right.”
Self custody is a fundamental human right.
— CZ 🔶 Binance (@cz_binance) November 13, 2022
You are free to do it at any time.
Just make sure you do do it right.
Recommend start with small amounts to learn the tech/tools first.
Mistakes here can be very costly.
Stay #SAFU
He added that investors were recommended to “start with small amounts” to learn about the technologies and tools first. “Mistakes here can be very costly. Stay #SAFU,” he concluded.
According to Safe, a smart contract wallet, over $800 million USD in funds flooded the platform following the collapse.
Over $800M net in-flows into @Safe since last Tuesday. $325M on Thursday alone. Looks like a flight to self-custody. pic.twitter.com/hiuij9dp7s
— lukasschor.eth | Safe (@SchorLukas) November 13, 2022
Safe co-founder Lukas Schor said in a statement: “Over $800M net in-flows into @Safe since last Tuesday. $325M on Thursday alone. Looks like a flight to self-custody.”
A further incident where Cryto.com sent 320,000 ETH to Gate.io sparked massive criticism, with some stating investors should not store their holdings on centralised platforms “for longer than you need to,” Daily Gwei host Anthony Sassano said on a 14 November show.
Many investors began moving their money to self-custody contracts following the incident. Glassnode reported that over 90,000 crypto wallets received funds from central platforms on 9 November, the third of just three times in crypto history that such unprecedented events had taken place.
Berlin, Germany, 15th November, 2022, Chainwire
With a pitch contest, curated networking sessions and a dedicated mobile app to link people, projects and investors, Next Block Expo’s ambition is to become the most promising networking opportunity for the european blockchain community in 2022.
The first edition of the Next Block Expo event with a few thousand attendees will be held at the Berlin Station venue on 23 and 24 of November, linking the most influential people and projects in the web3 space. Brands that joined the event include: Ethereum Foundation, Binance Chain, Cosmos, Polygon, Near, Tezos, Solana, Aleph Zero and ohers.
With presentations and talks at the main stage, roundtables, workshops and fireside chats, NBX is an excellent opportunity for startups and already established blockchain companies to discuss current challenges and new trends. For blockchain community it will be a unique opportunity to meet that many well-known brands under one roof.
“We know the value of networking and collaboration in blockchain. Our goal is to facilitate the process and create friendly space and innovative tools for everyone to connect, discuss and share ideas, as well as help startups to raise capital and investors to find golden opportunities” – says Next Block Expo co-founder Tom Kopera.
All Next Block Expo attendees will get access to a smart-networking app dedicated to the event where they can:
- Find a list of attendees that fit their needs based on match-making algorithm
- Chat & schedule 1:1 meetings with other conference participants
- Create own, personal agenda for the conference by picking relevant sessions
- Learn about promos, special offers and side events prepared by companies attending NBX and partners.
Organizers, in collaboration with blockchain communities, prepared several special experiences, including:
- Dedicated content and networking coffee for Women in Web3
- NFT Exhibition by Tezos & NFT Club Berlin
- On-site podcast studio for interviewing founders run by Wom3n.DAO
- Christmas Networking Session by TheStandard.io & DAO Researcher
- Luxury cars exhibition by MetaDrivers
One of the unique events planned to link investors looking for opportunities with startups seeking financing is the pitch contest. It is designed for early stage web3 projects to present their idea and solution they are building to a group of specialists. Web3 founders will be able to quickly pitch their idea to a group of angel investors, venture capital firms, software houses and industry veterans. At the end of the pitch contest, 3 best projects will be revealed by the jury.
“This is a unique opportunity for founders to pitch their ideas, gather worthy feedback, make valuable connections and acquire funding for their future ventures.” – says Tom Kopera.
About Next Block
Next Block Expo is an extension of the previous event series held under the name Cryptocurrency World Expo over the last six years. The 2022 edition will be held on a scale of a few thousand attendees and 100+ speakers.
Berlin Station venue, where the event will be held, will offer 6 content themes for attendees related to DeFi, blockchain gaming and GameFi, scaling and infrastructure, web3 discovery and fundraising and investing.
For more information, check out the website https://nextblockexpo.com/
and follow NBX on social media: https://twitter.com/nextblockexpo/
Resources for participants, sponsors and exhibitors: https://linktr.ee/nextblockexpo/
Contact
Kacper Juraszek
[email protected]
Fintech company Curve has entered talks to buy out BlockFi, a crypto lending company, to acquire their 87,000-strong customer base after the latter’s credit cards were suspended last week.
Reports speculate that Curve may acquire BlockFi’s credit card programme while allowing users to earn crypto bonuses and perks without porting the platform “to yet another centrally-held exchange.”
Bengiza’s report states Coinbase and Binance US have aimed to buy BlockFi’s customer base for credit cards, just days after the BlockFi warned it would suspend withdrawals due to issues with the ongoing FTX crisis, triggering outrage on social media.
Users stated that BlockFi credit cards would still require payments.
The news comes after crypto firm FTX collapse in November due to a massive liquidity crunch, triggering a bank run on crypto assets.
Cryptocurrency giant Binance, the world’s largest platform, signed a non-binding letter of intent to acquire the embattled company, but the deal fell through due to Binance’s concerns over due diligence.
BlockFi Update
According to a recent statement, BlockFi said it was “deeply saddened to see the devastation that is cascading across” the industry, adding it was “working around the clock” to explore its options.
Citing the FTX incident, a BlockFi spokesperson said: “Given that FTX and its affiliates are now in bankruptcy, the most prudent decision for us, in the interest of all clients, is to continue to pause many of our platform activities for now”
They added: “The rumors that a majority of BlockFi assets are custodied at FTX are false. That said, we do have significant exposure to FTX and associated corporate entities that encompasses obligations owed to us by Alameda, assets held at FTX.com, and undrawn amounts from our credit line with FTX.US.”
BlockFi reassured its customers it had “the necessary liquidity” and had reached out to advisors to tackle the crisis, citing Haynes and Boone as its primary counsel and BRG as financial advisors.
It concluded: “we will do our best to communicate through our official channels as often and transparently as possible going forward but expect these explorations may take time.”
Ark Investments, the investment firm led by Cathie Wood, increased Coinbase stock holdings after buying nearly 238,000 shares, totalling $12.1 million earlier this week.
The firm boosted its Coinbase shares across its numerous divisions, with Ark Investment Management adding to its ARK Innovation (ARKK), ARK Next Generation Internet (ARKW), and ARK Fintech Innovation (ARKF) exchange-traded funds (ETFs) at 207,527, 22,416, and 7,732, respectively.
The share buyout increased Coinbase’s shares to 7.625 million, or 1 million less than its figures on 20 July this year at 8.675 million, data from Cathie’s Ark revealed.
$ARKK has purchased 350k more $TSLA shares in the last 30 days with 272k in the last 7 days. What does Cathie know we don’t know?
— Thomas Thornton (@TommyThornton) October 5, 2022
The news comes as the firm acquired roughly 350,000 shares of Tesla (TSLA) stocks this week, namely after Tesla CEO Elon Musk sold off nearly $4 billion in shares this month.
Coinbase SEC Row, FTX Collapse
Coinbase’s Brian Armstrong responded to the FTX liquidity collapse, stating it had “minimal exposure” of just $15 million to the cryptocurrency exchange and adding it was to “facilitate business operations and customer trades.”
Coinbase’s share prices tumbled 10.84 percent on 8 November following the FTX exchange crisis. The firm reiterated it had no exposure to FTT, FTX’s native token, which plummeted just over 84 percent after numerous exchanges such as crypto trading giant Binance liquidated their full coin holdings.
2/ Second, Coinbase doesn’t have any material exposure to FTX or FTT (and no exposure to Alameda).
— Brian Armstrong (@brian_armstrong) November 8, 2022
Ark Investments also sold off more than 1.4 million shares across its ETFs, totalling $75 million, triggered by a US Securities Exchange Commission (SEC) investigation into alleged insider trading of unregistered securities.
The exchange also ordered mass layoffs of 60 positions, and Alesia Haas, Coinbase’s CFO, said in a statement: “Today’s actions were surgical. We are just making sure we are not wasting a dollar […] If we see that there is going to be further depressed revenue, and if we believe this is going to impact beyond the scenarios we have already planned for, we will have to take further cost-saving action.”