ZUG, Switzerland, July 12, 2022 /PRNewswire/ -- PraSaga – the non-profit organization building the next generation of Layer One blockchain – today announced its official designation as a Swiss Foundation. This critical step caps off a busy first half of 2022 for PraSaga, which also included attending the Chamber of Digital Commerce's Blockchain Summit in Washington D.C., to help define the future of the crypto industry, and attending Consensus 2022 in Austin, Texas, to introduce SagaPython, a new extension of the popular coding language Python, with an integration into PraSaga's blockchain.
The news caps a busy H1 2022 for PraSaga, including attendance at the Chamber of Digital Commerce's Blockchain Summit.
Recognition as a Swiss Foundation means that the PraSaga ecosystem will be governed by majority rule moving forward. Decisions will be based on the authority of majority or super-majority votes, meaning that no single entity will have the ability to gain control. This will help to ensure that PraSaga realizes its goal of creating a blockchain that delivers a better future, with transparent government, efficient markets, and real threat protection.
Michael Holdmann, Founder and CEO of PraSaga stated, "We understand the responsibility that comes with creating a Layer One blockchain and cryptocurrency. Being constrained by profit margins and controlled by a centralized authority are simply not compatible with the goals we are aiming to achieve at PraSaga. Operating as a foundation allows us to pursue our ultimate goal of improving the quality of life for people around the world. By placing control of data in the hands of every individual, and in areas such as creating transparency in tracking carbon emissions and addressing flaws in the global supply chain".
To gain designation as a Swiss foundation, the organization had to comply with government regulations. However, it was a worthwhile journey as Switzerland's legal and political stability, along with its focus on innovation, make the country a unique financial center. The Swiss finance industry is known globally for its banking legacy. Yet, its constant drive to broaden its horizons, and ready adoption of innovations like fintech and sustainable finance, make it the ideal location for a future-facing foundation like PraSaga to base itself.
PraSaga is a Swiss Foundation building the next generation of Layer One blockchain. PraSaga's technology solution solves many of the limitations that plague first-generation Layer One blockchains. The SagaChain™ successfully addresses lowering transaction fees, extensibility for supply chains, and significantly lowers development costs.
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NEW YORK, NY, July 15, 2022 (GLOBE NEWSWIRE) -- The Contract Nation team is proud to launch its Global Blockchain Incubation Platform. The spirit of contract, derived from ancient Greek civilization, is a significant foundation of human civilization. For thousands of years since ancient Greece, always have people focused on the trust and freedom, no matter in the sectors of politics, economy, philosophy, or culture. The great human thought makes the eternal night gorgeous. People are inherently pursuing the freedom and abandoning the control of the trust center.
"Trust" significantly underpins the human organization and social collaboration. People are committed to adopting different techniques, legal systems and organizational methods to build collaborated "trust" in various sectors, which has also become the first cost source of social and economic collaboration. When people are endeavoring to pursue the "trust," it also establishes trust from different dimensions such as "legal system", "technology" and "community."
Like the currency as the most powerful tool in our history course, whose essence is a social contract, consensus, and the result of rational choice of individual economic events. Commodity as money it is, it has more marketability than do other commodities.
The currency is reputed as "a token of exchange" by Plato. Plato has long deemed currency as a token, which is the same term as the token used in the modern blockchain.
When we come back to the modern era, the society has entered the era of information explosion, and the trust between people encounters a crisis, so people use contracts to bind both parties, thereby making their own direction and others feel at ease. It can be said that where there are people, there is a contract.
In fact, as the digital economy advances, the development path to trust will be increasingly clear; With the advent of blockchain, it has brought us a new decentralized and trustless digital contract solution.
Contract Nation - Global Blockchain Incubation Platform
Contract Nation, as a global blockchain incubation platform, focuses on integrating the global incubation market through the blockchain mechanism. By linking the blockchain mechanism with incubation, it connects start-up projects, investors and service suppliers, which includes incubation into the global "digital credit society" layout, and advances the economic development through incubation market. By doing the above, it ensures that the start-up project owners, investors and service providers can benefit from the Contract Nation Blockchain Incubation Platform, thereby building a sustainable and win-win incubation ecosystem. Meanwhile, Contract Nation's own business model also features the human-like hematopoietic functions.
Address the trust crisis and assist the germination of blockchain projects
Contract Nation, an incubation platform to connect the global resources for enterprises and individuals, links diversified world's projects, companies, individuals, companies, individuals and service suppliers through the advantages of social functions. It incubates high-quality projects and utilizes the Eternal Contract (ERCT) as the transaction medium, thereby providing all-around services for each start-up project while establishing the complete the credit system for the users through the transaction records, user feedback and market evaluation.
Currently, the platform has acquired the America's MSB license, which can provide accurate services for start-up projects worldwide through the smart contract of the Contract Nation with professional compliance operations.
Closed-loop economic model, continuous appreciation on investments
ERCT (Eternal Contract) token refers to the internal unit of value created by the Contract Nation Platform to manage its business models, with a total issuance of 0.21 billion. It efficiently connects the users and terminals, which is a significant value connection means for platform incubators. As the number of users and communities increasingly grows, the success of the Contract Nation Platform will be reflected in the ERCT token price.
Contract mission: Wealth safety, wealth appreciation, financial freedom
The Contract Nation convenes global wisdom, likes global blockchain vertical resources to high-quality projects, as well as conducts all-dimensional incubation. In the era of blockchain revolution, the mission of the Contract Nation is: Utilizing the "blockchain technology innovation + capital" to change the innovative business model combing global capital market and enterprise blockchain, and forging a global blockchain capital mutual assistance ecosystem, thereby optimizing the existing global economic system, changing the world pattern, and redistributing the social resources.
What the Contract Nation brings is both the reshaping of trust in blockchain industry, and a decentralized and trustless free world. It presents us a fair, free and impartial social and economic ecology. Contract Nation desires to elaborate the long-term significance of decentralization, letting them understand the precious contract and freedom, as well as bringing the true wealth security, wealth appreciation, and wealth freedom to our planet.
More information on project/community
Official website: https://www.contract-nation.com/dist/#/home?address=
Telegram (China): https: //t.me/ContractNationChina
Telegram (English): https: //t.me/ContractNationinternational
ERCT Contract address: 0x0e18653ac4BE49e92844A8a740BcF7ae45ce0828
CONTACT: Media Contact: Austin Brown support at contract-nation.com
The stewards of the TON Foundation have set up a new $90 million ecosystem fund, continuing its recent attempts to get the Telegram-founded blockchain project back into gear.
The new TON Alpha-Vista Fund (TAV) has VistaLabs, Alphanonce, Miner’s Fund and Kilo Fund among its backers, according to an announcement shared with CoinDesk.
The fund's aim is to establish new projects on TON and promote its user as a layer 1, or base, blockchain through advisory services and financial backing.
TON is a proof-of-stake blockchain originally created by Telegram in 2017, but which was shut down by the messaging app in August 2020 following legal action from the U.S. Securities and Exchange Commission (SEC) alleging that it had run an unregistered securities sale.
The reincarnated project, also referred to as Toncoin – named after the blockchain's native token – is the work of members of the original community who wished to see it survive. It claims to be entirely separate from Telegram, though it does have CEO Pavel Durov's endorsement.
Those stewards of the project – known as the TON Foundation – have been busy in recent months attempting to renew interest and engagement with it.
In April, the foundation raised $250 million for its first ecosystem fund with the venture arms of crypto exchanges Huobi and Kucoin among the investors.
Later that month, around $1 billion was raised via 176 different donations from users who wished to see the ecosystem advanced.
Shortly after, toncoin was integrated into the @wallet bot on Telegram allowing users to send and receive TON within the app.
Read more: Arrington Capital Launches $100M Growth Fund for Moonbeam Ecosystem
UPDATE (15:20 UTC July 7 2022): Adds reference to $1 billion raised from TON users in April
UPDATE (16:20 UTC July 7 2022): Amends headline and first paragraph removing references to TON Foundation raising the $90 million
Dan Reecer (Acala), Marvin Tong (Phala Network), 0xbrainjar (Composable Finance), Charu Sethi (Unique Network) and Rodrigo Gallegos Anda (Litentry) introduce the features of their applications based on Polkadot. Plus, Moonbeam Founder Derek Yoo discusses highlights of Polkadot network and how Moonbeam integrated the technologies, followed by a Q&A with Anais Rachel (Bitwise Asset Management). Founder of KILT Protocol Ingo Rübe ends the session with a conversation on blockchain and digital identity.
By Josh Ye
HONG KONG (Reuters) - The former head of short video giant TikTok's gaming unit, Jason Fung, is launching a blockchain gaming startup as one of two co-founders, he told Reuters in an interview, as the buzz around blockchain games grows while sector heavyweights remain wary.
The 34-year-old left TikTok last month after two years with the firm, and his exit comes as TikTok and its Chinese owner ByteDance have been aggressively expanding into the $300 billion dollar global gaming market to take on rival Tencent Holdings, an effort that has yielded mixed results so far.
It also reflects ballooning interest among entrepreneurs and investors in blockchain games - a new generation of online games built on blockchains which allow players to trade items in the form of non-fungible tokens (NFTs).
Fung, whose new venture is called Meta0, said he left TikTok after seeing an opportunity to offer a solution to the current segregated nature of infrastructure options available to developers looking to build blockchain games.
"Right now, if you look at any developer when they implement NFTs or blockchain in their games, they have to choose a single blockchain, be it Polygon or Solana or Binance Smart Chain. But imagine a more interoperable option," he told Reuters in Hong Kong, referring to popular existing blockchains.
"So we decided, let's do it. Let's co-found this company. Let's provide up my cushy corporate life at TikTok and take a giant risk," said Fung, who was based in Shenzhen and had reported to TikTok's chief operating officer Vanessa Pappas.
Meta0's founding team comprises six members in addition to the two co-founders, and the firm has closed a first round of funding, said Fung.
He declined to disclose details of the other co-founder, the rest of the team or the investment. He said the company was looking to raise funds through issuing tokens, as well as from venture capitalists and strategic investors.
BIG NAMES STEER CLEAR
Advocates of blockchain games say they will disrupt the gaming industry as cryptocurrencies can make virtual items more transactable and even distribute games' ownership to players. But blockchain games are sometimes also associated with scams, and the virtual economies of some games have collapsed soon after players buy in.
Most established gaming companies like Tencent, Sony and Microsoft have yet to place any big bets on blockchain games.
Fung, as TikTok's global head of strategy and operations for gaming, was tasked with expanding gaming content and testing new features such as hosting mini-games on the app.
TikTok and ByteDance expanded aggressively into gaming during Fung's tenure, with ByteDance's acquisitions including a $4 billion purchase of gaming studio Moonton, and TikTok trying out mini-game features on its app.
The efforts have seen both successes and setbacks. Last month, data tracking firm Sensor Tower said ByteDance's portfolio of mobile games had generated more than $1 billion of revenue worldwide over the past 12 months.
However, ByteDance also disbanded its Shanghai-based 101 Studio last month, laying off half of the 300-plus staff. A product of its 2019 acquisition of Mokun Technology, 101 Studio was the first development unit ByteDance has shut down as it struggled to perform.
Fung, who led the e-sports units in Alibaba Group Holding and Electronic Arts in Asia before joining TikTok, declined to comment when asked about who might replace him at TikTok.
TikTok did not immediately respond to a request for comment.
BLOCKCHAIN GAMES A HOT INVESTMENT TREND
Despite the wariness of some in the industry, blockchain games have become one of the hottest investment trends discussed by crypto tycoons from Silicon Valley to Dubai.
Prior to the recent crypto market meltdown, the blockchain gaming industry had raised a record $1.2 billion in the first quarter, according to a report by investment banking firm Drake Star Partners in April. Last year, a total of $3.6 billion was raised for the sector.
"We've built a protocol for game developers, and we take a flexible, blockchain-agnostic approach to their game development," said Fung, discussing future prospects for blockchain gaming.
"With a protocol that we're developing, developers can easily build their game-leveraging strengths of different blockchains, and allow the user the flexibility of transferring their NFTs cross-chain."
(Reporting by Josh Ye; Editing by Kenneth Maxwell and Bernadette Baum)
Crypto winter is the best time to drill down on core concepts and build for the future
TORONTO, July 12, 2022--(BUSINESS WIRE)--The Blockchain Research Institute is pleased to announce the upcoming release of Digital Asset Revolution: How Blockchain is Decentralizing Finance and Disrupting Wall Street. From Alex Tapscott, co-author of the international bestseller Blockchain Revolution and Managing Director of the Ninepoint Digital Asset Group, comes the foundational book on digital assets, decentralized finance (DeFi) and the transformation of value.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220712005967/en/
From the Blockchain Research Institute: Digital Asset Revolution (Photo: Business Wire)
In tune with the crypto Zeitgeist, Tapscott brings us a well-researched and highly accessible book on the peer-to-peer marketplaces and open economic systems that are supporting new digital assets like NFTs, CBDCs, stablecoins, crypto-derivatives, and more.
"Digital Asset Revolution is a wake-up call for financial and business leaders everywhere," says the Honorable J. Chris Giancarlo, former Chairman of the Commodity Futures Trading Commission.
This book is also the first to address a mainstream audience on how digital assets and the industries they enable, such as DeFi, will transform traditional business models and financial markets, rethink the role of government and currencies, reimagine creative industries and much more.
"If bitcoin was the spark for the financial services revolution, then DeFi and digital assets are the accelerant. Look beyond the daily market gyrations and you'll see that the foundations are being laid for a new internet and financial services industry built with digital assets and blockchain. This is the most important innovation in a generation - the first digital medium for value - a way to move, store and manage assets like money, stocks, votes and even our digital identities privately and peer-to-peer. Bull Markets are for earning. Bear Markets are for learning. Start your educational journey with Digital Asset Revolution," states Tapscott.
Named #1 New Release in the Business Management category on Amazon, Digital Asset Revolution: How Blockchain is Decentralizing Finance and Disrupting Wall Street will be released on July 12, 2022 in hardcover and Kindle editions.
Select book endorsements
"This is an important book for enterprise leaders to better understand blockchain and how digital assets will change the future of business."—Tyler Winklevoss, Co-founder and Chief Executive Officer, Gemini Trust Company LLC
"Digital Asset Revolution demonstrates the tremendous potential of Web3 and digital assets by describing their roles in powering this new era of technology innovation and economic progress. … A must-read!"—Sandeep Nailwal, Co-founder, Polygon Technology
"To grasp the fundamentals and intricacies of the most revolutionary financial innovations of our time, there is no better guide than Alex Tapscott’s Digital Asset Revolution—as insightful and instructive for those looking to understand the future of personal and global finance as it is for those investing in it."—Perianne Boring, Founder and President, Chamber of Digital Commerce
About Alex Tapscott
Alex Tapscott is an entrepreneur, author, thought leader and seasoned capital markets professional focused on the impact of the emerging technologies on business, government, and society. He is the managing director of the Digital Asset Group, a division of Ninepoint Partners LP.
About The Blockchain Research Institute
The Blockchain Research Institute (BRI) is an independent, global think-tank dedicated to inspiring and preparing private- and public-sector leaders to be the catalysts of the blockchain transformation. Funded by international corporations and government agencies, the BRI brings together the world’s leading thinkers to undertake ground-breaking research on the strategic implications of blockchain technology, producing practical insights to help its member organizations succeed.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220712005967/en/
Wealth Matters Consulting
Don't miss CoinDesk's Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.
Tribal, a B2B financing and payment platform focused on emerging markets, said on Monday it is joining the Blockchain Association, a crypto-industry lobbying group.
In a statement, the San Francisco-based company said it will contribute its expertise on emerging market blockchain use cases and engage in dialogue with regulators and other stakeholders.
“We support the development of a flexible, innovation-forward regulatory framework for blockchain and crypto, and we look forward to advancing that as a member of the Blockchain Association,” Tribal CEO Amr Shady said in a statement.
In April, Binance.US left the Blockchain Association due to a difference of “values, goals and standards,” the company told CoinDesk at that time. Binance.US will instead focus on its own lobbying efforts in Washington D.C., and state capitals across the country.
Tribal raised a $40 million debt round in January from the Stellar Development Foundation (SDF) and the venture debt-funding firm Partners for Growth (PFG).
In November, the Blockchain Association raised $4 million with contributions from crypto exchange Kraken, Digital Currency Group (CoinDesk’s parent company) and Filecoin Foundation.
Read more: Foundry Digital Joins Crypto Lobbying Group Blockchain Association
DUBAI, United Arab Emirates, June 29, 2022 (GLOBE NEWSWIRE) -- The Sologenic Development Foundation “SDF” announced the launch of Coreum Devnet, Transaction Explorer, Technical Paper and Grants program for developers to expand the ecosystem. The team presented the release of the Devnet as a first step to providing developers with an essential infrastructure to build decentralized applications by ensuring a fast, secure, cost-effective and a green network operation.
On December 20th, 2021, The Coreum’s Co-creator, Bob Ras, revealed the first news about an upcoming layer-1 blockchain set to ameliorate the underlying weaknesses of 2nd generation chains through interoperability and the use of a proof-of-stake consensus mechanism.
The new modern 3rd generation blockchain provides developers with an essential infrastructure to build any decentralized applications by ensuring a fast, secure, cost-effective and a green network operation. Some use cases include: DeFi, AMMs, d’Apps, CBDCs, Asset Tokenization, Cross-Border Payments, NFT Marketplaces, Metaverse and more.
The current Coreum Devnet will allow developers to execute basic transactions and conduct stress testing activities. The network will be released along with the official technical whitepaper and a development toolkit, providing both a technical in-depth brief of the blockchain and the environment for developers to observe it in action for the first time. The Devnet is planned to be updated with the additional WASM Smart Contract functionality in August 2022.
Moreover, the Sologenic Development Foundation is taking the initiative to grow the Coreum ecosystem by allocating 50M CORE tokens with the current valuation of $25M USD to innovative developers who are passionate about building visionary d’Apps on the blockchain.
Applications for the first wave of grants are currently open. All developers can apply on https://coreum.com/grants now until July 15th 2022. The focus for the first wave is Wallet Applications (Mobile, Web, and Hardware Firmware), DeFi Protocols, Coreum or CORE support to existing projects and opening Pool Requests for the support of the Coreum network.
The “Sologenic Development Foundation” is an independent community of developers with the passion of making the Sologenic Ecosystem successful. It consists of developers who are actively working on various open-source projects and use-cases around the SOLO and CORE. More information can be found on www.sologenic.org
A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/68dcd855-5850-4a20-b79b-9946e022456f
CONTACT: Contact Favio Velarde firstname.lastname@example.org