VICTORIA, Seychelles, Feb. 27, 2025 /PRNewswire/ — MEXC, the world’s leading cryptocurrency trading platform, announced the listing of the Ethena USDe (USDE) in the Innovation Zone and open USDE-related trading pairs. To celebrate the launch, MEXC is introducing USDe & ENA-related events for all users with a $1,000,000 reward pool.

MEXC Backs Decentralized Stable Assets with USDe Listing

Since their inception, stablecoins have played an important role in the crypto ecosystem. However, many face limitations due to dependence on centralized custodians and traditional banking infrastructure. USDe, issued by the Ethereum-based DeFi platform Ethena (ENA), addresses these challenges. It is a fully decentralized synthetic USD asset that uses delta-neutral hedging to maintain a soft peg to the U.S. dollar without the need for overcollateralization or central custody. Unlike typical stablecoins, USDe employs smart contracts to automatically open and close perpetual short positions, ensuring scalability and stability.

As a global leader in digital asset trading, MEXC’s listing of USDe and USDE-related trading pairs highlights the growing importance of decentralized stable assets in the evolving DeFi landscape. This initiative reaffirms MEXC’s commitment to supporting innovative blockchain solutions and promoting decentralized finance. By providing strong liquidity and broad market coverage, MEXC creates the ideal environment for projects like USDe to thrive and unlock new possibilities in the digital economy. MEXC also offers users the chance to participate in a $1,000,000 reward pool through four major activities. This initiative enables users to engage with cutting-edge DeFi projects, explore innovative stable assets like USDe, and actively contribute to the growth of the broader DeFi ecosystem.

Celebrate the ENA & USDe Campaign with a $1,000,000 Prize Pool

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MEXC, known for quickly listing trending tokens, expands its offerings with USDe (USDE). The USDE/USDT trading market officially launched in the Innovation Zone on February 27, 2025, at 10:00 (UTC), followed by ENA/USDE, BTC/USDE, ETH/USDE, SOL/USDE, and XRP/USDE at 11:00 (UTC).

To celebrate this significant listing, MEXC has designed a series of events that cater to both new and experienced traders. Users can enjoy zero-fee trading across select USDE and ENA trading pairs, creating an optimal environment for market participants to explore these assets. USDE holders can earn attractive yields of up to 10% APR simply by holding the token, with no additional staking or locking required. Meanwhile, new users joining the ENA staking program can enjoy up to 400% APR, further maximizing their earnings. The platform is also introducing exclusive staking pools, with particularly appealing rates for new users.

Additionally, active traders can participate in trading competitions with a substantial prize pool of 300,000 USDT in Futures bonuses, rewarding various levels of trading activity. In a move to further support stablecoin adoption, MEXC has also purchased $20 million in USDe, reinforcing its commitment to expanding the stablecoin ecosystem.

Beyond Trading: Earn Passive Income on MEXC

In addition to listing a wide range of tokens and trading pairs, MEXC provides various financial products designed to help crypto holders generate passive income. Flexible and fixed-term savings plans allow deposits of supported tokens to earn interest. Flexible savings incur no lock-up period and deliver daily interest, while fixed-term savings require a set commitment but offer higher potential returns. Through these offerings, MEXC continues to expand its ecosystem, providing a multifaceted approach to digital asset growth that caters to both new and experienced market participants.

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Your Easiest Way to Trending Tokens 

MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 30 million by providing a diverse selection of tokens, high-frequency airdrops, and simple participation processes. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 32 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

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In an era defined by rapid technological advancement and financial disruption, blockchain technology and the broader cryptocurrency ecosystem continue to rewrite the rules of global finance and governance. Today’s briefing, “Blocks & Headlines: Today in Blockchain,” delves into the latest developments shaking up the blockchain landscape. From bold proposals that challenge the very fabric of government operations to groundbreaking initiatives that herald a new era of decentralized innovation, the stories we explore today offer a panoramic view of the trends that are set to shape the future of blockchain and cryptocurrency.

In this comprehensive op-ed-style analysis, we cover four major stories:

• Elon Musk’s Proposal to Run Government on a USA Chain – a controversial idea that has ignited debates about digital governance and the intersection of technology and politics.
• Bobocoin’s Launch of Bobochain – an ambitious move by a rising cryptocurrency aimed at ushering in a new phase of blockchain innovation.
• Taraxa’s Study on Blockchain Throughput – an in-depth examination of performance improvements that could redefine scalability and efficiency in blockchain networks.
• ION Mining’s Global Expansion in Cloud Mining – an exploration of the booming cloud mining market and its implications for investors and industry stakeholders.

These stories, sourced from respected publications such as Cointelegraph, Reuters, BeInCrypto, and GlobeNewswire, not only highlight the breakthroughs and challenges of today’s blockchain sector but also serve as a catalyst for discussions about the future of digital finance, Web3, decentralized finance (DeFi), and non-fungible tokens (NFTs). As blockchain technology becomes increasingly intertwined with global economic systems and societal structures, the need for critical analysis and informed commentary has never been more acute.

In the pages that follow, we will dissect these stories, offering not just a summary of the facts but also insights into their broader implications. We will assess the potential risks and rewards associated with these developments and consider how they might influence future regulatory frameworks, investment strategies, and technological innovations in the crypto space. With an engaging, opinion-driven tone, our goal is to equip you with a deep understanding of today’s most pressing issues in blockchain, from its technical nuances to its socio-political ramifications.

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Elon Musk’s Bold Proposal for a USA Chain Government: Visionary Disruption or Flawed Experiment?

The Proposal and Its Controversial Vision

Elon Musk, the entrepreneurial force behind Tesla, SpaceX, and several other disruptive ventures, has long been known for his unconventional ideas. Recently, Musk proposed an audacious concept: the idea of running a segment of government on what he has termed the “USA Chain.” This proposal, as detailed in a recent Cointelegraph article, suggests leveraging blockchain technology to facilitate a transparent, efficient, and tamper-proof system for managing government operations. According to the article, Musk envisions a digital infrastructure where governmental processes—from voting and budgeting to public records—could be executed on a decentralized ledger.

Source: Cointelegraph

At its core, Musk’s proposal seeks to address longstanding issues of bureaucratic inefficiency and corruption by introducing a system that is, in theory, immune to human manipulation. The blockchain’s inherent characteristics of immutability and transparency promise a level of accountability that traditional systems struggle to achieve. Proponents argue that such a transformation could lead to a more participatory form of governance where citizens have direct access to government operations, thereby reducing the gap between the state and its constituents.

The Challenges and Critical Concerns

Despite the visionary allure of a blockchain-run government, critics have pointed out several significant challenges. One of the primary issues is scalability. Government operations involve massive volumes of data and transactions, and current blockchain systems—especially those that prioritize decentralization and security—often struggle to handle such loads without compromising on speed or efficiency. The technical feasibility of managing an entire governmental framework on blockchain remains highly contentious.

Moreover, the idea of transferring governmental functions to a digital ledger raises concerns about privacy and security. While blockchain is celebrated for its security features, it is not entirely immune to sophisticated cyberattacks. In a scenario where sensitive governmental data is stored on a public ledger, the risk of data breaches and exploitation becomes a matter of national security. Critics also argue that the transition to a blockchain-based government could disenfranchise certain segments of the population, particularly those who lack digital literacy or access to modern technology.

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Op-Ed Analysis: Innovation vs. Practicality

From an op-ed perspective, Musk’s proposal encapsulates the perennial tension between radical innovation and practical implementation. On one hand, the idea of a decentralized, transparent government aligns perfectly with the ethos of the blockchain movement—a technology born out of a desire to democratize data and redistribute power. On the other hand, the sheer complexity of modern governance poses enormous practical challenges that may render such a system more theoretical than feasible.

The proposal also touches on broader debates about the role of technology in public administration. Should technology be seen as a panacea for all inefficiencies, or are there intrinsic limitations that must be acknowledged? In the case of Musk’s USA Chain proposal, the answer is likely to be a nuanced one. While blockchain could undoubtedly bring about significant improvements in transparency and efficiency, the transition would require overcoming substantial technical, regulatory, and societal hurdles. It is a bold experiment that, if implemented without careful planning and robust safeguards, could end up doing more harm than good.

Broader Implications for Digital Governance

The discussions sparked by Musk’s proposal extend beyond the realm of theoretical debate. They challenge policymakers, technologists, and citizens alike to reconsider the ways in which government and technology intersect. In a time when data breaches and cybersecurity threats are becoming all too common, the idea of using blockchain as a tool for enhancing government transparency is both timely and provocative. However, it also serves as a cautionary tale about the risks of over-reliance on technology as a solution for complex societal problems.

As we continue to witness rapid advancements in blockchain technology, it is imperative that stakeholders engage in critical, informed discussions about its potential applications and limitations. Musk’s proposal, with all its ambitious promise, is a stark reminder that innovation must be tempered with pragmatism and a deep understanding of the underlying challenges.

Bobocoin’s Launch of Bobochain: Ushering in a New Era of Blockchain Innovation

Introducing Bobocoin and the Bobochain Initiative

In a move that has generated significant buzz within the crypto community, Bobocoin is set to launch its own blockchain platform, dubbed “Bobochain.” As reported by Reuters on February 25, 2025, this initiative represents a bold step towards fostering a new era of blockchain innovation. Bobocoin, which has steadily built a reputation for its innovative approach to cryptocurrency, now seeks to leverage its proprietary blockchain to create an ecosystem that supports faster transactions, enhanced security, and greater interoperability among decentralized applications.

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Source: Reuters

The Bobochain initiative is designed to address some of the longstanding issues that have plagued earlier blockchain platforms, such as scalability limitations, high transaction fees, and slow processing times. By integrating cutting-edge consensus mechanisms and optimizing network performance, Bobochain aims to create a robust infrastructure that can support a wide range of applications—from decentralized finance (DeFi) and non-fungible tokens (NFTs) to supply chain management and digital identity verification.

The Technical Innovations Behind Bobochain

One of the most exciting aspects of Bobochain is its promise of enhanced scalability. The platform employs a novel consensus algorithm that combines elements of proof-of-stake and delegated proof-of-authority, allowing for higher throughput and lower latency without sacrificing security. This technical breakthrough is expected to make Bobochain particularly attractive for applications that require rapid, real-time transactions—a critical factor in today’s fast-paced digital economy.

Moreover, Bobochain is being developed with interoperability in mind. The platform is designed to seamlessly integrate with existing blockchain networks, enabling the smooth transfer of assets and data across different ecosystems. This interoperability is a key driver of innovation in the blockchain space, as it fosters collaboration and expands the potential use cases for decentralized technologies.

Market Impact and Strategic Implications

From a strategic perspective, the launch of Bobochain could have far-reaching implications for the cryptocurrency industry. As governments and private enterprises increasingly explore blockchain solutions for a variety of applications, platforms like Bobochain offer a promising alternative to legacy systems. By addressing critical issues such as scalability and interoperability, Bobochain positions itself as a next-generation platform that could drive widespread adoption of blockchain technology.

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Investors and market analysts are already taking note of Bobocoin’s ambitious plans. The launch of Bobochain not only signifies a major milestone for the company but also serves as a bellwether for the broader industry. As more projects seek to overcome the limitations of existing blockchain infrastructures, initiatives like Bobochain could pave the way for a new wave of innovation that transforms how we think about digital transactions and decentralized applications.

Op-Ed Insights: Navigating the Path to Blockchain Maturity

In analyzing Bobocoin’s latest move, it becomes clear that the journey towards blockchain maturity is a multifaceted one. On one hand, the promise of faster, more secure, and interoperable blockchain networks is undeniably compelling. On the other hand, the road to achieving these goals is fraught with technical and regulatory challenges. The launch of Bobochain is a bold experiment that, if successful, could set new standards for the industry. However, it also underscores the need for ongoing innovation and collaboration among developers, regulators, and industry participants.

Bobocoin’s venture into creating its own blockchain platform represents a significant step forward in the evolution of decentralized technologies. It is an endeavor that reflects the dynamic, ever-changing nature of the crypto space—a reminder that innovation is not a destination but a continuous process of improvement and adaptation.

Taraxa’s Study on Blockchain Throughput: Enhancing Performance in the Crypto Era

Unpacking the Taraxa Study: A Technical Deep Dive

As blockchain networks evolve, one of the most critical challenges they face is scalability—how to process an ever-increasing number of transactions without compromising on speed or security. A recent study by Taraxa, as highlighted by BeInCrypto, sheds light on innovative methods to enhance blockchain throughput. The study delves into the underlying mechanics of transaction processing, offering new insights into how blockchain systems can be optimized to handle higher volumes of data efficiently.

Source: BeInCrypto

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The Taraxa study focuses on several key performance indicators that are essential for the smooth functioning of blockchain networks. These include transaction latency, throughput, and overall system efficiency. By employing advanced algorithms and optimizing network protocols, Taraxa researchers have identified potential pathways to dramatically improve the performance of blockchain platforms. Such improvements are not merely academic; they have real-world implications for applications ranging from decentralized finance (DeFi) to NFT marketplaces and beyond.

Technical Innovations and Practical Applications

At the heart of the Taraxa study is the concept of parallel processing. By enabling multiple transactions to be processed simultaneously rather than sequentially, blockchain networks can achieve significantly higher throughput. This breakthrough is particularly relevant in scenarios where traditional blockchain architectures have struggled to keep pace with growing demand. The study also examines the role of sharding—a technique that partitions the blockchain into smaller, more manageable pieces—as a means of further enhancing performance.

These technical innovations have the potential to redefine how blockchain networks are structured and operated. For example, a more scalable blockchain could facilitate the seamless execution of complex smart contracts, improve the user experience in high-traffic decentralized applications, and lower transaction costs for end users. As blockchain technology continues to permeate various sectors of the economy, the ability to process transactions quickly and securely will become a critical competitive advantage.

Strategic Implications for the Blockchain Ecosystem

From a strategic standpoint, the insights provided by the Taraxa study underscore the importance of continuous research and development in the blockchain space. As the technology matures, the focus is shifting from mere functionality to performance optimization. Companies that invest in scalable, high-throughput blockchain solutions will be better positioned to capitalize on the growing demand for decentralized services. This is especially true in the context of Web3, where the promise of a decentralized internet hinges on the ability to handle vast amounts of data and transactions efficiently.

Moreover, the study’s findings have implications for blockchain regulation and standardization. As performance benchmarks improve, regulatory bodies may need to update their frameworks to reflect the new realities of a high-speed, efficient blockchain ecosystem. In this sense, the Taraxa study is not just a technical document—it is a roadmap for the future of blockchain innovation.

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Op-Ed Reflections: Balancing Innovation and Usability

The exploration of blockchain throughput by Taraxa serves as a reminder that technical innovation must go hand in hand with usability. While breakthroughs in scalability are essential, they must be implemented in a way that enhances the overall user experience without compromising security. In the fast-paced world of blockchain and cryptocurrency, performance improvements can spell the difference between widespread adoption and stagnation. Taraxa’s work is a shining example of how rigorous research can lead to tangible benefits for the industry as a whole.

ION Mining’s Global Expansion: The Rise of Cloud Mining and High-Yield Contracts

Cloud Mining in a Booming Market

The cryptocurrency mining sector has witnessed significant transformations in recent years, driven by innovations in cloud mining and the proliferation of high-yield investment contracts. As reported by GlobeNewswire on February 24, 2025, ION Mining is expanding its global operations to capture a larger share of the rapidly growing cloud mining market. This strategic move is designed to leverage the advantages of cloud-based mining solutions, which offer scalability, efficiency, and reduced operational costs compared to traditional on-premises mining setups.

Source: GlobeNewswire

ION Mining’s expansion is emblematic of a broader trend in the cryptocurrency industry, where cloud mining has emerged as a popular investment avenue. By outsourcing mining operations to specialized data centers, investors can participate in the crypto mining process without the need for significant capital expenditures on hardware and infrastructure. This democratization of mining power is poised to disrupt the traditional mining model, making it accessible to a broader audience while driving overall industry growth.

High-Yield Contracts and Their Implications

One of the standout features of ION Mining’s global expansion is its focus on securing high-yield contracts. These contracts are designed to offer investors attractive returns on their investments by leveraging economies of scale and advanced mining technologies. The promise of high yields has attracted considerable attention from both individual investors and institutional players looking to diversify their portfolios with exposure to cryptocurrency mining.

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From an operational standpoint, ION Mining’s strategy involves deploying state-of-the-art mining equipment across multiple data centers around the globe. This distributed approach not only enhances mining efficiency but also mitigates risks associated with regional disruptions, such as power outages or regulatory changes. As the cloud mining market continues to evolve, companies like ION Mining are at the forefront of driving innovation and setting new industry standards.

Strategic Analysis: The Future of Cloud Mining

The expansion of ION Mining’s operations has significant implications for the broader cryptocurrency ecosystem. Cloud mining represents a convergence of traditional financial investment and cutting-edge digital technology—a space where innovation and opportunity meet. As demand for cryptocurrency mining increases, the need for scalable, efficient, and secure mining solutions becomes paramount. ION Mining’s global strategy is a testament to the potential of cloud mining to revolutionize how mining is conducted in the 21st century.

Investors and industry analysts are closely watching these developments, as the success of high-yield contracts could pave the way for new financing models and investment vehicles in the crypto space. Moreover, the scalability of cloud mining solutions could play a critical role in sustaining the growth of cryptocurrencies, particularly as the market becomes more competitive and resource-intensive. In essence, ION Mining’s expansion is not just about increasing market share—it is about shaping the future of cryptocurrency mining on a global scale.

Opinion-Driven Insights: Navigating Opportunities and Risks

From an op-ed perspective, the rise of cloud mining and high-yield contracts is a double-edged sword. On one hand, it democratizes access to the lucrative world of cryptocurrency mining, providing a gateway for smaller investors to participate in the digital gold rush. On the other hand, it introduces new layers of complexity and risk, particularly in an industry that is still maturing and subject to significant regulatory uncertainties. The challenge for stakeholders will be to harness the opportunities presented by cloud mining while implementing robust risk management strategies to safeguard their investments.

Major Trends and Takeaways: A Day in Blockchain and Crypto

Convergence of Innovation and Practicality

Today’s blockchain and cryptocurrency landscape is defined by a convergence of visionary ideas and pragmatic challenges. Elon Musk’s proposal to run government on a blockchain system, while provocative, underscores the tension between radical innovation and the practical realities of implementing such systems on a national scale. Similarly, Bobocoin’s launch of Bobochain highlights the industry’s relentless pursuit of scalable, efficient, and interoperable blockchain solutions that can drive real-world adoption.

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The Imperative for Scalability and Throughput

The technical insights from the Taraxa study emphasize that scalability is more than a buzzword—it is a fundamental requirement for the future of blockchain. As blockchain networks seek to accommodate growing transaction volumes and complex smart contracts, innovations in throughput and performance will be critical. The ability to process transactions swiftly and securely will determine the viability of blockchain solutions across various sectors, from decentralized finance to digital identity management.

The Evolving Landscape of Cryptocurrency Mining

ION Mining’s global expansion into cloud mining and high-yield contracts is a clear indicator that the mining sector is undergoing a major transformation. By leveraging cloud-based solutions, companies are able to offer scalable, efficient, and risk-mitigated mining operations that appeal to a wide range of investors. This evolution is set to redefine the economics of mining, making it an increasingly integral part of the cryptocurrency ecosystem.

The Broader Implications for Web3, DeFi, and NFTs

The developments we have explored today have significant implications for the broader digital ecosystem, including Web3, decentralized finance (DeFi), and non-fungible tokens (NFTs). As blockchain technology continues to evolve, its applications are expanding far beyond simple financial transactions. Innovations in blockchain scalability, security, and interoperability will drive the next wave of digital transformation, enabling new forms of value creation and decentralized governance.

Conclusion: Charting the Future of Blockchain and Cryptocurrency

As we wrap up today’s briefing, the key takeaway is that the blockchain and cryptocurrency sectors are in a state of dynamic flux, characterized by both tremendous innovation and formidable challenges. Elon Musk’s audacious vision for a blockchain-run government forces us to confront the complexities of merging digital technology with public administration. Meanwhile, Bobocoin’s launch of Bobochain and Taraxa’s breakthrough study on blockchain throughput illustrate the relentless drive to overcome technical limitations and pave the way for a more efficient and scalable digital future.

ION Mining’s global expansion into cloud mining further highlights the shifting paradigms in cryptocurrency mining—a space where technological innovation is unlocking new investment opportunities while also raising important questions about risk management and regulatory oversight.

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Ultimately, today’s developments underscore the need for a balanced approach that embraces both innovation and practicality. The blockchain industry is poised to transform everything from finance and governance to digital identity and decentralized applications. However, to fully realize this potential, stakeholders must work collaboratively to address technical challenges, regulatory uncertainties, and ethical considerations.

As we look ahead, the path forward will require continued investment in research and development, robust risk management strategies, and a willingness to challenge conventional paradigms. The future of blockchain and cryptocurrency is bright, but it will only be as sustainable as the frameworks we build today to support tomorrow’s innovations.

Final Reflections and Strategic Recommendations

In the fast-evolving world of blockchain and cryptocurrency, a few key principles will guide us through the coming years:

• Embrace Innovation: The transformative potential of blockchain is immense. Whether it’s through groundbreaking proposals like Elon Musk’s vision or the technical advances represented by Bobochain and Taraxa’s research, the drive to innovate remains at the heart of this industry.
• Prioritize Scalability: As transaction volumes and application demands increase, scalable blockchain solutions will be critical. Investments in research and development to enhance throughput and reduce latency must continue to be a priority.
• Foster Collaboration: Public-private partnerships and cross-industry collaborations are essential. Initiatives like Bobochain and cloud mining expansions demonstrate the benefits of collective innovation and resource sharing.
• Implement Robust Security Measures: As blockchain applications become more integral to daily operations, security and privacy will be paramount. Rigorous cybersecurity protocols and continuous monitoring are non-negotiable.
• Prepare for Regulatory Evolution: With innovation comes the need for updated regulatory frameworks. Stakeholders must work closely with regulators to craft policies that promote growth while protecting consumers.
• Support Sustainable Practices: The environmental impact of blockchain and crypto mining cannot be ignored. Sustainable practices, including energy-efficient technologies and eco-friendly mining operations, will be essential in driving long-term adoption.

By staying informed and engaged, industry participants can help shape a future where blockchain technology and cryptocurrency not only disrupt traditional systems but also create more transparent, efficient, and equitable frameworks for global finance and governance.

Conclusion: The Road Ahead for Blockchain and Crypto

Today’s briefing paints a vivid picture of an industry at the crossroads of radical transformation and practical implementation. From visionary proposals and technical breakthroughs to strategic expansions and evolving regulatory challenges, the blockchain and cryptocurrency space is witnessing a period of unprecedented change. As we continue to navigate this dynamic landscape, it is incumbent upon all stakeholders—developers, investors, policymakers, and end users—to work together to harness the full potential of these technologies.

In the coming years, the interplay between innovation and regulation, scalability and security, and centralized oversight versus decentralized autonomy will define the trajectory of blockchain and cryptocurrency. As the digital revolution unfolds, one thing remains clear: the future belongs to those who are willing to adapt, collaborate, and innovate.

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Thank you for joining us on this deep dive into today’s most critical blockchain and crypto developments. Stay tuned for future editions of “Blocks & Headlines: Today in Blockchain” as we continue to explore the trends, challenges, and opportunities that shape our digital world.

The post Blocks & Headlines: Today in Blockchain – February 26, 2025 | Featuring Elon Musk, Bobocoin, Taraxa, ION Mining appeared first on News, Events, Advertising Options.

MultiversX announced today that Animoca Brands has joined the MultiversX ecosystem as a validator and ecosystem contributor to leverage synergies between Animoca Brands, its more than 540 portfolio companies, and MultiversX blockchain’s network alongside development tools such as Sovereign Chains.

Starting as a mobile game company in 2014 and pivoting to Web3 in 2018 when the first tokenization rails were pioneered, today Animoca Brands is one of the most prolific active investors and builders in the industry.

Based in Hong Kong, with various offices and subsidiaries worldwide, Animoca Brands was an early backer of OpenSea, Decentraland, and The Sandbox, acquiring the latter in 2018. Its investment portfolio totals over 540 investments in blockchain-related projects, primarily focused on gaming, digital collectibles, open worlds, and infrastructure.

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MultiversX has recently concluded a successful community discussion, governance vote, and implementation for its phase four of staking (Staking V4). With over 3,300 validator nodes and standing as the second largest PoS economy, the Staking V4 upgrade has already improved the network’s Nakamoto Coefficient by 50%. With the deployed changes, new validators can join the network and existing ones can grow based entirely on their amount of EGLD staked without needing to wait for other validator nodes to leave, as was the case in the previous queue-based system.

Animoca Brands is an example of a validator for whom Staking V4 has made it more attractive and easier to start offering staking services on MultiversX; its staking pool has already reached over 100,000 EGLD.

Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “Animoca Brands is thrilled to be a validator and contributor for MultiversX. Together, we aim to redefine the gaming industry’s landscape, empower users, and accelerate the adoption of Web3. By combining Animoca Brands’ industry leadership and MultiversX’s horizontally scalable network and sovereign chain infrastructure, we look forward to advancing development in the Web3 industry.”

Beniamin Mincu, CEO of MultiversX Foundation, commented: “MultiversX brings important contributions to the space. Whether we are talking about the unique on-chain 2FA mechanism or the native assets which offer deep ownership implications, they are essential for the upcoming wave of consumer apps built on-chain. It’s great to have Animoca Brands joining the ecosystem as a validator and exploring these feats to boost Web3 adoption in gaming and entertainment.”

Furthermore, standout startups that align with Animoca Brands’ vision and are incubated on xLaunchpad – a highly selective Web3 accelerator with an acceptance rate of 0.5% – will be eligible to apply for support from the leader in digital entertainment and gamified experiences.

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