Acala, a foundational platform within the Polkadot ecosystem, unveils the Sinai Upgrade, a significant advancement in its Acala 2.0 initiative aimed at broadening the horizons of the overall crypto financial landscape. This upgrade is set to enhance the platform’s multichain capabilities, setting a new standard for decentralized finance (DeFi) not only on Polkadot, but across any layer 1, 2 or 3 blockchain network.

Multichain Integration and Enhanced DeFi Accessibility

The cornerstone of the Sinai Upgrade is its focus on multichain integration, which facilitates seamless interactions across diverse blockchain environments. Acala dramatically simplifies the user multichain experience through the introduction of their advanced one-click multi-chain cross-stack DeFi feature. This feature leverages pioneering technologies, including XCM (Cross-Consensus Messaging) and Wormhole, to enable straightforward, efficient cross-chain transactions. Users will be able to easily engage in activities like staking, liquidity provisioning, and lending across major blockchain platforms such as Polkadot, Ethereum, Solana, and any select blockchain networks.

Empowering Communities Through Open Governance

Further enhancing its ecosystem, Acala introduces the open governance upgrade, empowering its community with direct involvement in governance decisions. This democratizes the process of ecosystem evolution, allowing users to influence treasury management, DEX listings, and more, fostering a transparent and inclusive community environment.

Security and Performance at the Forefront

The Sinai Upgrade also addresses the critical need for security in the expanding multichain landscape. The launch of Sentinel,

along with asynchronous backing, bolsters security and increases transaction throughput, ensuring that Acala remains at the cutting edge of blockchain performance.

Strengthening the aSEED Pathway

Accompanying these technical advances, the Sinai Upgrade finalizes the aSEED pathway, facilitating a stable and equitable process for converting and redeeming aSEED tokens. This includes establishing clear redemption criteria, which promises a fair and transparent framework for remaining aSEED holders, reflecting Acala’s commitment to maintaining trust and stability within its community.

Quote from Bryan Chen, Chief Technical Officer at Acala

“The Sinai Upgrade is a testament to Acala’s dedication to enhancing the DeFi ecosystem through robust multichain solutions,” said Bryan Chen. “As a Polkadot-native platform, we are uniquely positioned to lead the charge towards a more interconnected and efficient blockchain universe.”

About Acala

Acala is a premier platform for decentralized finance within the Polkadot network, offering innovative solutions designed to integrate and enhance liquidity across a wide range of blockchain environments. Committed to innovation, security, and community empowerment, Acala leads the way in advancing blockchain technology for global users and institutions.

Contact

PMM
Travis Wilkerson
Acala Network
[email protected]

Three days into its existence, $ROCKY, the latest meme coin to hit the Base blockchain, has surged to a remarkable $20.6 million market cap in a predominantly red market. Launched quietly on a Saturday by MetaWin’s founder, Skel, the rise of $ROCKY has achieved growth without the benefit of prior hype or a pre-sale event. Surprisingly, even the internal MetaWin team was unaware of the launch, waking up to the news only as it began trending among users in the Arena Discord.

Skel promptly rallied a task force from MetaWin’s 80-strong team to devise a robust strategy for $ROCKY’s future. Enhancements have been rapid and impactful, with the team securing a partnership with a renowned Hollywood art studio to bolster their social media campaigns, integrating $ROCKY into MetaWin’s platform for token-gated competitions, and leveraging their in-house network of Key Opinion Leaders (KOLs) effectively.

In a bold move on X (formerly Twitter), Skel projected a $100 million market cap for $ROCKY, offering to provide exit liquidity at a $5 million valuation – a commitment that saw the token’s price quadruple within just ten hours.

“The wider market was downtrending, and $ROCKY was initially part of that slump. I dislike seeing our community disheartened. Although I was undecided about throwing our full support behind the project, at MetaWin, when we commit, we go all in,” stated Skel. “Seeing the enthusiasm from our community has solidified $ROCKY as MetaWin’s unofficial meme coin, and we are now unified in the vision of reaching a $100 million market cap.”

This Friday’s prize draw, a staple event on the MetaWin platform, is now valued at $15,000 due to the value of the $ROCKY prizes.

“With the formidable team we have and the unwavering support of the MetaWin community, I believe we can achieve extraordinary things. $ROCKY is now the fastest growing meme coin in the history of the Base chain. While the road ahead is promising, with potential to scale towards the likes of Pepe’s $3 billion market cap, we always remind our community about the high-risk nature of cryptocurrency investments,” Skel added.

The inception of $ROCKY drew its initial spark from an unlikely source – a picture of Skel’s Pomeranian, also named Rocky, perched on a pile of money. This image, processed through ChatGPT’s DALL-E AI image generator, became the inaugural graphic identity for the token across social media and various DEX tools.

In a display of commitment to the coin’s longevity and their community’s trust, the MetaWin team has locked up their token allocation for a minimum of one year, ensuring that they stand firmly alongside their community in this venture.

As $ROCKY’s journey continues, the market watches with anticipation, marking an extraordinary chapter in the annals of cryptocurrency’s vibrant history. With its current trajectory, $ROCKY is not just a token; it’s a testament to what the community can achieve when united behind a visionary leader and an innovative project.

Users can participate in $ROCKY daily competitions on BASE or with an NFT purchase.

For the latest updates and to embark on the $ROCKY journey users can visit www.RockyCoinbase.com or X.com/rockycoinbase.

About MetaWin:

Founded by Skel, MetaWin stands as the premier platform for on-chain prize competitions and instant win games, offering a diverse array of entertaining challenges for users. Through the utilisation of cutting-edge blockchain technology, MetaWin ensures a transparent, fair, and secure gaming environment, making it the preferred destination for blockchain enthusiasts and gamers alike. At the forefront of Web3 innovation, MetaWin is supported by a robust community of 250,000 connected wallets. Renowned for its ability to craft impactful digital experiences, MetaWin remains dedicated to pushing the boundaries of the cryptocurrency landscape.

For more information, visit MetaWin.com.

Users can follow MetaWin on social media and join MetaWin’s community:

X| Instagram| Telegram | Discord

Contact

PR team
MetaWin
[email protected]

Bitcoin dropped to $56,675 in the lead-up to Wednesday’s Fed decision with the Bitcoin bull run in danger of stalling, as market sentiment turns bearish. On Tuesday Bitcoin had dropped around 6% dipping below the $60,000 support level before dropping further again on Wednesday.

Source: BNC

Bitcoin is now down 20% from its all-time high of $73,100 in March. April’s sharp decline of 18%  breaks a seven-month run of green gains. April’s pullback is the worst monthly performance since the implosion of crypto exchange FTX in November 2022.

For those who have been discombobulated by this week’s price drop, it is with noting that Bitcoin remains up around 20% from the launch of the ETFs in January, and over 34% YTD.

Rates Stay Steady

On Wednesday, the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve kept its benchmark fed funds rate steady at 5.25-5.50%. In line with expectations, the FOMC noted a halt in progress towards lower inflation this year and indicated a reluctance to adjust rates until there is greater assurance that inflation is steadily approaching the 2% mark.

Additionally, the FOMC disclosed its decision to decelerate the reduction of Treasuries held on its balance sheet, known as quantitative tightening (QT), from $60 billion per month to $25 billion per month. Economist Joseph Brusuelas suggested that, all else being equal, this move is likely to stimulate risk appetite and bolster asset prices.

At the start of 2024, markets had anticipated a series of rate cuts from the U.S. central bank. However, these expectations have significantly diminished in recent weeks due to the sustained strength of the economy and a slight uptick in inflation during the first four months of the year. Prior to the FOMC’s decision today, the CME FedWatch tool indicated a nearly 25% probability of zero rate cuts for the year, compared to just a 1% chance one month ago.

This shift in expectations has had a dampening effect on traditional markets, with the Nasdaq declining approximately 5% since reaching its 2024 peak three weeks ago, and the S&P 500 experiencing a similar decrease since its year-to-date high in late March. Moreover, the decline in Bitcoin prices, now more than 20% below its mid-March record high of over $73,000, can likely be attributed in part to this change in sentiment.

There could be further price declines to come with 10x Research eyeing a price target of $52,000-$55,000 as it predicts further selling pressure. The digital asset research firm 10x said it sees selling pressure toward the $52,000 level based on outflows from the U.S. spot exchange-traded funds, which have totaled $540 million since the Bitcoin halving on April 20. It estimates that the average entry price of U.S. Bitcoin ETF holders is $57,300, which could be a key support level. The closer the spot price of Bitcoin is to this average entry price, the greater the likelihood of further ETF unwinding, 10x CEO Markus Thielen wrote on X.

“There might have been a lot of ‘TradeFi’ tourists in crypto – pushing longs until the halving – this time is now over,” he said. “We expect more unwinding as the average Bitcoin ETF buyer will be underwater when Bitcoin trades below $57,300. This will likely lower prices to our target levels and cause a -25% to -29% correction from the $73,000 top – hence our price target of $52,000/$55,000.”

Analysts Turn Bearish

Crypto trader and technical analyst Rekt Capital wrote on X, “This current Bitcoin retrace is slowly turning into an almost 50-day retrace. Typical retraces have been 2-3 weeks, longer ones up to 2 months,” he said, noting that such drops are par for the course, even in Bitcoin bull markets. He provided a list of six Bitcoin pullbacks of 18% to 23% dating to the Bear Market Bottom of 2022, noting that the current pullback of 23.6% (April/May 2024) is officially the deepest in the cycle.

Source: X

Meanwhile, popular technical analyst Dave the Wave noted that $58,000 represents the 0.38 fib retracement of the recent move up. He noted that this is a key support level, and if it doesn’t hold, a larger correction down to $48,000 is possible.

Source: X

Three prominent figures once hailed as titans in the crypto industry are now facing starkly different fates within the U.S. legal system.

The recent sentencing hearings for former FTX CEO Sam “SBF” Bankman-Fried and former Binance CEO Changpeng “CZ” Zhao have sparked widespread comment both within and outside the crypto community. And yesterday, Roger Ver, one of the early Bitcoin Ogs was arrested in Spain and indicted for tax fraud, according to a press release from the U.S. Department of Justice.

Bankman-Fried faces a potential prison term extending into his fifties, likely emerging with fewer assets than Zhao, who is slated to be released by year’s end and boasts an estimated net worth of $33 billion, according to Forbes.

Bankman-Fried’s legal saga began in 2022 when he was arrested, extradited to the United States, and pleaded not guilty to various financial crimes relating to the implosion of the crypto exchange FTX, of which he was CEO. Following a period of house arrest, he was remanded to jail amid allegations of witness intimidation.

Subsequently, he underwent a six-week trial, was found guilty of seven felony charges related to defrauding investors and misuse of customer funds, and was ultimately sentenced to 25 years in prison.

CZ Pleads Guilty

In contrast, Zhao was charged in 2023, pleaded guilty, remained free on bail, and was sentenced to just four months in prison. He is expected to surrender himself in the coming days.

Bankman-Fried’s charges stemmed from allegations of wire fraud and the secret diversion of billions of dollars in crypto custody with FTX to support Alameda. Conversely, Zhao faced a single charge pertaining to the failure to maintain an effective Anti-Money Laundering program at Binance.

Mark Bini, a former assistant U.S. attorney, emphasized the discrepancy between their crimes, noting that while both are serious, Bankman-Fried’s offense was deemed much more severe.

Throughout his legal ordeal, Bankman-Fried has largely maintained that he acted within his perception of what was right. However, Judge Lewis Kaplan accused him of deceit and described his testimony as evasive during the sentencing hearing.

Conversely, Zhao refrained from public commentary on the case, opting instead to submit extensive letters of support from industry leaders and family members. To Zhao’s credit, and benefit, unlike Bankman-Fried, he did not lose customer’s money.

During the 2 1/2 hour sentencing hearing, the judge, defense attorneys, and even prosecutors acknowledged Zhao’s multifaceted character. Despite being a first-time lawbreaker, the 47-year-old billionaire was portrayed as a philanthropist, a family man, and a do-gooder who voluntarily surrendered himself to face the consequences of his actions.

A Reputation Resurrection

This surprising resurrection of Zhao’s reputation significantly influenced his sentencing outcome: a remarkably lenient four-month prison term, far less than the three years sought by prosecutors for what they described as a severe violation of the Bank Secrecy Act (BSA).

However, U.S. Judge Richard Jones, 74, remained unconvinced. He expressed skepticism towards the overwhelmingly positive portrayals of Zhao’s character and history, noting the extensive support letters submitted by friends and family. Despite Zhao’s genuine efforts to redeem himself, Judge Jones underscored the seriousness of the charges, insisting that wealth and status do not exempt individuals from legal obligations.

While Zhao will spend four months in prison for his failure to implement effective money-laundering controls at Binance, the judge’s remarks hinted at a potential rejuvenation for him post-incarceration. With a clean past and a track record of cooperation with the government, Zhao’s future endeavors, including his global online education initiative for children, may see him return to his philanthropic work sooner rather than later.

Despite speculation, it is improbable that Zhao and Bankman-Fried will share a cell during their incarceration, let alone inhabit the same facility. Bankman-Fried may be assigned to a San Francisco Bay Area prison, with the possibility of staying in New York pending his appeal, while Zhao is expected to serve his four-month term at the Federal Detention Center SeaTac in Washington.

Luck runs out for Bitcoin Jesus

Meanwhile, Roger Ver, often dubbed “Bitcoin Jesus,” has been indicted for tax fraud, accused of neglecting to pay capital gains on the substantial proceeds he garnered from selling bitcoin in 2017, according to a press release from the U.S. Department of Justice.

Ver, who transitioned from being an early bitcoin (BTC) investor to a bitcoin cash (BCH) advocate, was apprehended over the weekend in Spain and faces extradition back to the United States.

Allegations suggest that Ver failed to file tax returns on the sale of assets or pay an “exit tax” on capital gains after renouncing his U.S. citizenship and establishing businesses and citizenship in St. Kitts and Nevis.

The indictment asserts that Ver liquidated “tens of thousands” of bitcoins in November 2017, amassing $240 million in cash. Despite not holding U.S. citizenship at the time, he was obligated to report and pay taxes on certain distributions, including dividends from U.S. corporations MemoryDealers and Agilestar.

Ver purportedly concealed from his accountant that he had received and sold bitcoins from these corporations, resulting in his 2017 individual income tax return inaccurately reporting zero gains or tax payments related to these distributions.

Previously entangled in legal issues, including serving time for selling explosives on eBay, Ver now faces further legal scrutiny.

Bryan Skarlatos, Ver’s lawyer, expressed surprise and disappointment over the arrest, emphasizing Ver’s reliance on tax professionals and his intent to comply with U.S. tax obligations.

The timing of Ver’s indictment coincides with the sentencing of Changpeng Zhao, founder of Binance, to four months in prison for money laundering. Ver’s history includes defending Charlie Shrem against money laundering charges in 2014, asserting that governmental intervention infringes on individuals’ financial autonomy.

By renouncing his U.S. citizenship and becoming a citizen of St. Kitts and Nevis, Ver was obligated to file tax returns reporting capital gains from asset sales, including bitcoin. Prosecutors allege that Ver provided false or misleading information about his cryptocurrency holdings to his law firm, resulting in undervalued tax returns and the evasion of owed taxes amounting to $48 million from 2014 to 2017.

World of Dypians (WOD) – an immersive, revolutionary MMORPG available on Epic Games, is on an exclusive list of top-tier projects participating in BNB Chain’s Airdrop Alliance Program, chapter 2. The metaverse platform announced it offers up to 1,000,000 WOD tokens and $225,000 in Premium Subscriptions as rewards for eligible users across all its 4 campaigns, which are spread across May and June.

What is the Airdrop Alliance Program on the BNB Chain?

BNB Chain has started the Airdrop Alliance Program in collaboration with handpicked, high-profile projects to conduct airdrops for retroactive users on the BNB Smart Chain (BSC) and its parallel chain, opBNB. The program aims to connect top projects that have yet to issue tokens with the broad BNB Chain community, which has the opportunity to earn more rewards by participating in these projects’ campaigns.

The first chapter of the Airdrop Alliance Program concluded in April and saw the distribution of 6.1 billion points and 6.9 million tokens to the BNB Chain community. The organizers estimate that over 500,000 users have participated in the event so far. Moreover, their ranks are bound to grow during the second chapter, increasing the overall value of rewards.

In BNB’s announcement The BNB Chain Core Development Team stated: “The second chapter of the Airdrop Alliance has a core objective of enhancing community engagement and expressing gratitude to the BNB Chain community for their support towards BSC and opBNB. After the success of the first batch, we look forward to working with leading ecosystem projects to launch chapter 2.”

BNB Chain recently announced the start of the second chapter of its Airdrop Alliance Program with the eligibility criteria:

• Level 1: Users must migrate at least 1 BNB from the Beacon Chain to BSC using this Stake Migration tool or stake at least 1 BNB on BSC. Only a snapshot taken on May 15, 2024, at 00:00 UTC, will be considered valid.
• Level 2: Stake at least 5 BNB on BSC. Similarly, the snapshot should be May 15, 2024, at 00:00 UTC.

Participants can read more about the rules and join the BNB Chain Airdrop Alliance Program here.

The partnership between the BNB Chain and projects like World of Dypians participating in the Airdrop Alliance Program fosters active engagement within the BNB Chain community. More importantly, it helps projects build awareness and support ahead of their token generation events (TGE).

World of Dypians Campaigns within the Airdrop Alliance Program

World of Dypians is proud to be part of the 7 projects within Chapter 2 of the Airdrop Alliance Program. To this end, it designed 4 campaigns between May and June that engage users with fun and unique tasks, giving them the chance to win WOD tokens and premium subscriptions worth up to $100 each. The first campaign begins on May 1, with the last one ending on June 28.

Regarding BNB Chain retroactive users, the project will allocate 100,000 WOD Tokens for Level 1 and another 100,000 WOD Tokens for Level 2. The rewards will be distributed around the TGE event.

The eligibility rules for the 4 World of Dypians campaigns are as follows:

1.   Entry Campaign: May 1— May 15

Participants can join the campaign here, where they must complete these 2 tasks:

1. Create a game account on World of Dypians.
2. Open at least 1 in-game Daily Bonus Chest.

All participants completing these tasks will be eligible to win a share of the 100,000 WOD Tokens prize pool, and the number of winners will be unlimited.

The Daily Bonus is available on BNB Chain & opBNB. Users need to sign the transaction to open the chest on the daily bonus section in the My Account section on their WOD dashboards. The rewards will be distributed around the TGE event.

2.   Daily Game Delight: May 15 — May 29

Participants can join the campaign here, where they must complete these 2 tasks:

1. Login or create a game account on World of Dypians.
2. Open at least 5 in-game Daily Bonus Chests.

The Daily Bonus Chests allow participants to win a share of the 150,000 WOD Tokens and 500 premium subscriptions worth $100 each.

The project will organize a raffle to determine the winners, specifying that the winners of the token giveaway will not be the same as the winners of the premium subscription. The winners will be announced 15 days after the event ends, and the rewards will be distributed around the TGE event.

3.   Dypians Discovery Quest: May 29 — June 12

Participants must complete these 2 tasks:

1. Login or create a game account on World of Dypians.
2. Open at least 10 in-game Daily Bonus Chests.

Participants who complete these two tasks qualify for the 200,000 WOD Tokens and 750 premium subscriptions worth $100 each in the prize pool.

The project confirmed that 750 WOD token winners and 750 premium subscription winners will be selected through a raffle. Similar to the second campaign, the token giveaway winners will not be the same as the premium subscription winners. The winners will be announced 15 days after the event ends, and the rewards will be distributed around the TGE event.

4.   BNB Chain Game Expedition: June 12 — June 28

The last WOD campaign engages participants with 4 tasks:

1. Login or create a game account on World of Dypians.
2. Mint one BNB Chain Beta Pass NFT to gain exclusive access to the game.
3. Download World of Dypians on Epic Games.
4. Participate at least once in the BNB Chain Treasure Hunt event.

Participants completing these tasks will be eligible to win a share of the 350,000 WOD Tokens and 1,000 premium subscriptions worth $100 in each prize pool.

There will be 1,000 WOD token winners, and 1,000 premium subscription winners selected through a raffle. The winners of the token giveaway will not be the same as the winners of the premium subscription. Winners will be announced 15 days after the event ends, and the rewards will be distributed around the TGE event.

About World of Dypians

World of Dypians (WOD) is an MMORPG designed by Dypius that features advanced AI, cutting-edge graphics, and immersive gameplay. The game occurs in a virtual world that abounds in engaging quests and adventures. This AI-powered virtual universe also hosts some of the biggest brands in crypto, including the BNB Chain area. Participants in the BNB Chain Airdrop Alliance Program should visit it, especially when trying to win a share of the WOD campaign 4 rewards.

World of Dypians can be downloaded from the Epic Games Store. It is compatible with Windows OS and available as a desktop application, so users only require a PC or laptop to download and play it.

World of Dypians invites all gamers and crypto enthusiasts to join its campaigns within the BNB Chain Airdrop Alliance Program and qualify for a chance to win exciting rewards. The game’s first out of four campaigns begins on May 1, and participants can learn how to create an account here.

World of Dypians has a dedicated area where participants can join the BNB Chain Airdrop Alliance Program here.

Users can learn more about World of Dypians at these links: Website | Twitter | Discord | Telegram | GitHub | YouTube | Download on Epic Games

Contact

Gazmend Mici
[email protected]
[email protected]

Why you should listen

Dopamine combines AI and compliance infrastructure with super app capabilities, deployed primarily on Solana before expanding to a multichain ecosystem, giving users the power to manage wallets, and centralized and decentralized exchanges with the latest AI and compliance advancement.

Users can connect their banks and participate in launchpads, RWA and much more. Elon is building the everything app, Dopamine built the everything app for crypto!

The Dopamine token is the license token for the app and is used by banks and exchanges to access all the api and source code.

Supporting links

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Sui, the Layer 1 blockchain and smart contract platform created and launched by the core research team responsible for building Facebook’s Libra and Diem projects, is collaborating with Google Cloud to support the future of Web3, via a partnership with Mysten Labs. This joint effort will focus on enhancing security, scalability, developer tools, and user experiences across a range of Web3 and AI-powered applications.

Key initiatives of this partnership include:

• Data-Driven dApps
• Google Cloud strengthened its commitment to Sui’s development ecosystem by integrating Sui blockchain data into BigQuery public datasets, providing developers with powerful analytics tools, unlocking new insights and innovative dApp possibilities.
• AI-Enhanced Development
• Sui used Google Cloud’s generative AI platform, Vertex AI, and trained it on the Move programming language, to help Web3 developers debug and augment code generation.
• Mysten Labs created a new AI-based code auditing tool using Google Cloud’s AI and Cloud capabilities, that identifies security vulnerabilities in Rust, Move, Typescript and Solidity, augmenting security efforts to quickly identify and improve vulnerable code.
• Seamless User Experience
• Sui’s zkLogin technology already demonstrates the potential of this collaboration, as it bridges some of the gaps between traditional (Web2) and decentralized (Web3) applications. zkLogin is a fundamental cryptographic primitive that uses OAuth credentials from Google and other trusted Web2 platforms, allowing frictionless authentication of crypto wallets and dApps on Sui.
• Robust and Scalable Infrastructure
• Sui leveraged Google Cloud’s globally scalable infrastructure to power the security and high transaction throughput of its network. This integration ensures high performance and seamless capacity to scale.

“Collaborating with Google Cloud helps us propel the development of secure, scalable, and user-centric Web3 experiences,” said Evan Cheng, CEO and co-founder of Mysten Labs. “Google Cloud’s infrastructure and cutting-edge AI capabilities complement Sui’s unique technological strengths, empowering all types of developers to create the next generation of decentralized applications on Sui.”

“We are committed to supporting Web3 innovation with our secure cloud infrastructure and AI capabilities,” said Amit Zavery, VP and general manager, and Head of Platform, Google Cloud. “Sui’s advanced blockchain technology and commitment to user-friendly experiences make them a valuable collaborator for delivering transformative applications that can be easily embraced by Web3 and Web2 developers.”

Google Cloud is also committed to empowering the Sui developer community through its Web3 Startup Program. This initiative offers resources including Google Cloud credits, access to Discord channels with Web3 experts, foundation grants and global events, all designed to accelerate the development of innovative applications on Sui.

About Sui

Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. Learn more: https://sui.io

About Mysten Labs

Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to create foundational infrastructure for web3. Learn more: https://mystenlabs.com

About Google Cloud

Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Customers in more than 200 countries and territories turn to Google Cloud as their trusted technology partner.

Contact

Global Communications Manager
Lexi Wangler
Mysten Labs
[email protected]

This pioneering collection of 1,200 unique digital masterpieces on the Bitcoin blockchain chronicles the pivotal moments defining our digital age. With over $150 million in physical and digital art sales, Yue Minjun’s iconic laughter echoes louder than ever.

“Bitcoin blockchain has the credibility and permanence that is unmatched in the crypto universe. We are bringing Yue Minjun to Bitcoin Ordinals because the art world’s blue-chip artists belong on the crypto world’s blue-chip blockchain,” says Boris Pevzner, CEO and Co-Founder of LiveArt. Human is backed by a narrative that’s scored millions at auction and smashed records with “Gweong-Gweong” fetching $6.9 million at Christie’s Hong Kong.

Yue Minjun shares his vision, “After my initial venture into NFTs with ‘Boundless,’ I’ve grown even more fascinated by the potential of Web3 technologies. The dynamic evolution of Bitcoin and the broader landscape of decentralized finance have inspired me to interpret the world’s history from a digital perspective. ‘Human’ embodies this vision, melding my art with significant contemporary narratives.”

Set to launch on May 8th, 2024, Human represents an inflection point for art on the Bitcoin blockchain. It is published exclusively on LiveArt, in partnership with top-tier Ordinals communities, including the Ordinals Council, Sparks, Xverse, Pizza Ninjas, and Ink, among others.

“Yue Minjun’s ‘Human’ Ordinals collection is a significant milestone for the Bitcoin blockchain. As the first major contemporary artist on Bitcoin Ordinals, Yue Minjun will be forever inscribed as a pioneering artist in the history of the Bitcoin blockchain. The Ordinals Council is proud to support this groundbreaking project, which paves the way for the future of art on Bitcoin,” remarks Serge Ajamian, founder of the Ordinals Council.

This collection is set for a rapid sell-out during the ‘allowlist’ event exclusively for LiveArt Partners and Members. Get ready to witness a monumental shift in the art-meets-Bitcoin universe.

About LiveArt:

Founded by art market experts from Sotheby’s and Christie’s and backed by top blockchain investors like Animoca Brands, Binance Labs, OKX, and Hashkey, LiveArt is revolutionizing the integration of art with Web3. The platform introduces top contemporary artists to crypto audiences and leads the way in digital-first methods for buying and collecting art. By harnessing AI, blockchain technology, and insightful market analytics, LiveArt offers unmatched collecting experiences, enabling collectors to acquire and trade art digitally anywhere. Powered by the $ART utility token, LiveArt is expanding the benefits for its community and partners, making art more accessible and recognized as a significant asset class in the Web3 world.

Yue Minjun Collection Video

Artwork Preview

Human and Liberty Leading the People  by Yue Minjun, 2024

Human and a Venus  by Yue Minjun, 2024

Human and The Leaning Tower  by Yue Minjun, 2024

Human and Moon Landing by Yue Minjun, 2024

Human and a Pharaoh  by Yue Minjun, 2024

Human and Michelangelo by Yue Minjun, 2024

Human and Marilyn by Yue Minjun, 2024

Contact

LiveArt PR
[email protected]

The Verifiable Internet for AI is effectively addressing AI’s shortfalls by decentralizing knowledge that AI systems use in their solutions. One of the pioneering implementations of the approach is Polkabot.AI – a Decentralized AI education hub on Polkadot which will see its full release in the coming months after receiving support from the Polkadot Treasury.

Spearheading the development of Polkabot.ai is Trace Alliance, a collaborative hub that builds partnerships for creating and leveraging trusted knowledge in the age of AI. The solution is bringing the vision of decentralized AI to reality as it revolutionizes how anyone can interact and learn about the Polkadot ecosystem whether they are a novice getting through the first steps or a seasoned user looking for the latest updates.

It achieves that by allowing a wider Polkadot ecosystem to get involved in creating a trusted knowledge base that Polkabot’s AI system will use to construct its responses. Unlike the solutions using solely generative AI, Polkabot is implementing a novel decentralized Retrieval Augmented Generation (dRAG) approach leveraging the OriginTrail Decentralized Knowledge Graph (DKG).

Instead of Polkabot solely relying on AI to produce a generated response, it uses AI to construct a response using trusted inputs from the DKG populated by the wider Polkadot community. This gives the solution information provenance, respect for data ownership and gives the user a chance to verify each source and its issuer used in the final response. The trusted knowledge Polkabot’s AI systems access will be continuously expanded through community curation and knowledge publishing process called knowledge mining.

The Polkabot.ai initiative received backing through an OpenGov treasury proposal, which was approved on April 23, 2024. As an AI-powered educational platform that tailors learning to each user, PolkaBot.AI represents a significant leap forward in how we interact with Polkadot’s diverse content – whether within the ecosystem or in outward communications – enabling users to access trusted knowledge and get precise responses online.

About OriginTrails

OriginTrail is an ecosystem building Verifiable Internet for AI, aiming to combat misinformation worsened by AI adoption. It ensures the trustworthiness of information by allowing its origins to be tracked verifiably, promoting discoverability and integrity of knowledge for reliable AI. OriginTrail has applications in real-world assets (RWAs), search engines, question-answering systems, and generally knowledge-dependent applications (such as AI systems).

Initially adopted in global supply chains to provide a trusted data sharing hub, OriginTrail now also supports the creation of a trusted AI knowledge ecosystem. It enhances the discoverability of crucial knowledge and verifies information provenance, crucial in the age of misinformation. OriginTrail’s technology is increasingly vital across various sectors, including asset tokenization, construction, healthcare, and the metaverse, due to its ability to authenticate and secure information.

Supported by world-class organizations like the British Standards Institution, SCAN, Polkadot, and Walmart, among others, OriginTrail is enhancing its trusted knowledge network. These partnerships extend its impact across multiple industries, emphasizing its role in advancing a verifiable knowledge web and supporting the economy of RWAs.

Stay updated with the latest developments by following PolkaBotAI on X.

Contact

Martina Poberaj
OriginTrail
[email protected]

The SimuGaze ecosystem aims to transform the virtual gaming industry and realistic simulation by offering dynamic, immersive engagement to its users and investors and exciting rewards for racing enthusiasts worldwide.

The SimuGaze ecosystem utilizes cutting-edge blockchain technology, ushering in a new era of gaming and Virtual space. In this era, gamers, whether professionals or casual, can engage in adrenaline-pumping racing events, challenge their co-players, and play multiplayer games.

Driven by a passion for excellence and a commitment to pushing the boundaries and seeing what’s possible beyond the limit, the SimuGaze team has spared no time and effort. They have successfully built an ecosystem that delivers unmatched excitement and utility. strategy rule. The SimuGaze has stunning graphics, realistic views, and a seamless gameplay experience, and it promises to transport players into a world where speed and strategy rule.

SimuGaze is not only a virtual game but a thriving ecosystem powered by its native currency, SGAZE. Using blockchain technology, SimuGaze enables its investors to earn digital assets within the platform. Players can make custom skins for their vehicles, partake in various races, and collect rare digital collectibles. This platform offers players many opportunities to level up their speeding skills and financial portfolios.

“We are thrilled and grateful to launch SimuGaze to the world,” said the project’s CEO. The team has dedicated countless hours to delivering unimaginable fun and entertainment to its users. In this virtual gaming world, players are not just participants but active stakeholders who have their voices heard through the platform’s voting system.

As SimuGaze goes live today, racing enthusiasts and crypto aficionados can look forward to an experience unlike any other. Whether a user is a seasoned gamer looking for their next challenge or a crypto enthusiast seeking innovative ways to engage with blockchain technology and diversify their portfolio, Simugaze invites the user to join the race and be part of gaming history.

To learn more about Simugaze and experience the future of virtual racing, visit – https://simugaze.com

About Simugaze

SimuGaze is a cryptocurrency-powered platform, the future of VR racing gaming, which uses cutting-edge blockchain technology with innovative blockchain technology. Using its native currency, SGAZE, it empowers investors and players to immerse in the thrilling experience while reshaping the future of the gaming industry. Blockchain technology enables players to earn and trade digital currency and assets within the platform, offering new avenues for economic empowerment and financial freedom.

For more information, users can follow Simugaze on Twitter and join Simugaze’s Telegram

Contact

Dennis Fuchs
[email protected]