Blockchain Press Releases
Blocto Accelerates Account Abstraction With Launch Of ERC-4337 Compatible Wallet
PARIS, July 20, 2023 /PRNewswire/ — Blocto, a leading cross-chain wallet application and multi-chain Web3 ecosystem, today unveiled its ERC-4337 compatible wallet at the Ethereum Community Conference (EthCC), marking a significant milestone in the industry’s effort to push the frontiers of account abstraction (AA) innovation. The launch took place at AAvolution: Account Abstraction Village at the heart of EthCC, where Blocto convened discussions amongst key ecosystem players such as the Ethereum Foundation, Polygon, zkSync, Stackup, Etherspot, Gelato, and Fuse Labs.
Heralded as the key to bring Ethereum to the next billion users, account abstraction implements programmable smart contracts for payment experiences. By dramatically improving accessibility and security of crypto wallets, AA brings frictionless useability to the forefront of Web3. This enables non crypto-native users, regardless of their technological know-how, to seamlessly interact and engage with digital assets.
Bringing the world of Web3 to the Web2 masses with Account Abstraction
Key thematic discussions about the history, current state of play and the future of AA innovation were held at AAvolution: Account Abstraction Village. This included topics ranging from account abstraction infrastructure, overcoming developer limitations in account and gas abstraction, simplification of user experience in Web3 onboarding to multi-chain interoperability as Web3’s key to mass adoption.
Addressing the relative nascency of account abstraction deployment across the Web3 ecosystem, industry experts deliberated on streamlining both builder and user experiences for AA to complement existing infrastructure, rather than to displace incumbent technologies. Signaling major progress in Ethereum’s roadmap to achieve trustless, censorship-resistant smart accounts, panelists showcased the next iteration of AA-enabled innovation to assist developers in their building journey.
Tom Teman, ERC-4337 Product Manager, Ethereum Foundation, said: “Frictionless useability and comprehensive security will be the key catalysts to bring Ethereum to the mainstream. Following the launch of ERC-4337, I’m thrilled to witness an impressive variety of account abstraction innovations deployed across the ecosystem at EthCC. Programmable smart accounts will revolutionize wallet UX development and how people interact with decentralized applications (“dApps”). I’m proud to support the onboarding of the next billion users to Web3 alongside numerous projects building in this space.”
Building on the open-source ethos of Web3, the event also saw active discussions around the interoperability for AA wallets to work seamlessly across blockchain networks and protocols. This is fundamental to greater onboarding of Web2 users, through smart contract wallets that open up more pathways into Web3.
Luis Schliesske, Co-Founder, Gelato said: “At Gelato, we believe multi-chain is the future. With Gelato’s multi-chain Account Abstraction tooling, it has never been easier for Web3 developers to build user experiences that rival and even surpass those of Web2 apps. We make it so that applications, like Connext, GnosisPay, and many others, and their users, don’t have to deal with all the friction that is inherent to blockchain interactions and just enjoy all the fun parts!”
The key benefit of AA rests in its ability to create wallets that are more accessible to users who are not well acquainted with Web3 user interface. This brings Web3’s underlying ethos of permissionless decentralization to the masses, advancing the industry’s roadmap to achieve a frictionless future of self-custodial financial technology.
Breaking blockchain’s barriers to entry with Blocto’s ERC-4337 compatible wallet
The newly launched Blocto wallet is fully compatible with ERC-4337 – the Ethereum standard that achieves account abstraction without the need for consensus-layer changes to the protocol. This standard enhances the functionality, security and overall user experience (UX) of wallets within the Ethereum ecosystem, surmounting many existing challenges related to digital asset payments.
Aimed at making Web3 more accessible to the masses, Blocto is a pioneer in coinless onboarding, enabled by its chain-agnostic, universal gas fee solution, Blocto Points. Recognizing the inertia that new users face when embarking on their Web3 journey, Blocto will provide free Blocto Points to new users for subsidization of their first 50-100 blockchain transactions. By eliminating the need for native crypto tokens to start, Blocto significantly lowers barriers to entry for users to navigate the interconnected Web3 ecosystem with confidence.
Powered by AA, Blocto’s ERC-4337 compatible wallet utilizes a decentralized paymaster to enact a novel freemium model for Web3 user acquisition. Augmented by a bundled transaction journey, users will benefit from an accelerated and friction-free transaction experience to spend more time on engagement and interaction across dApps.
With the introduction of social logins to complement existing email logins, Blocto users do not need complicated seed phrases to access their digital wallet. By eliminating multiple steps in the onboarding process, Blocto simplifies the onboarding experience to allow unbridled access to Web3 in under thirty seconds, while allowing dApps to significantly increase chances of onboarding funnel conversions with Blocto SDK integration.
Delivering on a highly intuitive UX and enhanced secure key rotation, Blocto sets itself apart from incumbents by leveraging a flexible custodial key management model. Providing users with the ability to dictate control and ownership over their digital assets, users can set their Blocto wallet in either custodial or non-custodial mode to securely explore the world of Web3.
The capabilities of AA brings the most clean and flexible on-chain UX approach, enabling Web3 wallets to offer a familiar interface that is modeled after the everyday digital banking experience. With social logins and subsidized transaction fees, Blocto’s ERC-4337 wallet offers a user-friendly and accessible way to onboard the next generation of internet users into a decentralized future.
Hsuan Lee, Co-founder and CEO, Blocto, said: “Accessibility and interoperability are key principles that guide our approach to Web3. With the launch of Blocto’s ERC-4337 compatible wallet, we are creating a streamlined solution that makes blockchain technologies simpler and more accessible to everyone. Designed specifically for users regardless of their level of experience, the power of account abstraction provides a seamlessly optimized, UX-led gateway for all to meaningfully interact and engage with the limitless possibilities of the Web3 ecosystem. This ushers in a new era of instantaneous, secure transactions that surmount existing barriers, to ultimately instigate a transformative shift in the way we think about our global payment rails.”
Marking its advent as one of the industry-firsts to achieve ERC-4337 compatibility, Blocto is a recognised leader in the field of account abstraction. Technologically similar to its predecessor with several elemental upgrades, Blocto has utilized smart contract wallet architecture since its inception.
Since its Series A round in February 2023, Blocto has amassed 100+ integrated ecosystem partners, over 1.6 million active users, and increased its company valuation eightfold to $80 million. Leveraging investor support from strategic partners Mark Cuban, IPX (formerly Line Friends) and 500 Global (formerly 500 Startups), the company continues to enhance expansion of its interconnected multi-chain ecosystem, while bolstering product and infrastructure development aimed at simplifying the Web3 onboarding process.
Looking ahead, Blocto will be integrating with multiple leading EVM-compatible Layer 2 blockchains and fostering growth of the wider Web3 industry through strategic ecosystem accelerator programs.
About Blocto
Blocto is an all-in-one cross-chain smart contract wallet ecosystem that offers a seamless, unified experience in a comprehensive platform. Blocto SDK enables instant Web3 integration for builders, developers and innovators with significantly lowered user acquisition costs.
Since its founding in 2019, Blocto has been an industry pioneer in the field of account abstraction (AA), driving wide-scale adoption of digital assets — by launching one of the most extensive ERC-4337 compatible crypto wallets, prioritizing user experience and simplifying the onboarding process.
Today, Blocto is one of the most influential blockchain projects in the industry, having recently secured a Series A funding round with investors like Mark Cuban, IPX (previously Line Friends) and 500 Global.
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View original content:https://www.prnewswire.co.uk/news-releases/blocto-accelerates-account-abstraction-with-launch-of-erc-4337-compatible-wallet-301880818.html
Blockchain
io.finnet and Cede Labs Partner to Transform Multi-Exchange Portfolio Management for Institutions
io.finnet, a leader in digital asset infrastructure, has partnered with Cede Labs, to introduce a solution for centralized exchange (CEX) connectivity. This collaboration provides institutional clients with a streamlined, secure platform for comprehensive multi-exchange portfolio management. Through this integration, io.finnet clients can now access leading exchanges such as Binance, Coinbase, Bybit, OKX, Kraken and more with features tailored for institutional-grade governance and operational efficiency.
Institutional digital asset management faces increasing complexity as businesses demand more secure and efficient tools to oversee diverse portfolios. With 70% of institutional investors expecting a surge in digital asset-focused funds, the need for secure and efficient multi-exchange solutions has never been greater.
“Businesses require solutions that simplify the complexity of managing assets across exchanges while maintaining the highest standards of security.” said Jacob Plaster, CTO of io.finnet. “Through our partnership with Cede Labs, clients can seamlessly connect their exchange accounts and manage their entire portfolio within a unified, secure environment.”
Unlike traditional offerings, io.finnet’s integration with Cede Labs introduces secure account-linking capabilities, allowing clients to effortlessly connect and unlink their exchange accounts while adhering to strict governance protocols. Unified tracking capabilities further enhance this solution, enabling users to monitor their portfolios across all connected exchanges in real-time. This includes the ability to oversee spot and trading wallets, derivatives positions, and sub-accounts under a single pane of glass, a feature few competitors offer at this scale.
Pierre Ni, CEO of Cede Labs, highlighted the impact on institutional workflows: “We are proud to collaborate with io.finnet to redefine digital asset custody and management. By unlocking new use cases for corporates, market makers, liquid funds, foundations, and fintechs through CEX connectivity, we believe io.finnet can grow to become one of the top self-custody players.”
This partnership is particularly timely as market demand for interoperable solutions continues to rise. The integration will eliminate the need to navigate multiple platforms and provide institutions with real-time visibility across their digital asset holdings, enabling seamless exchange connectivity and enhanced risk management.
io.finnet is committed to enhancing its exchange connectivity capabilities with deposits, withdrawals, trades, and sub-account transfers to further streamline asset management workflows. Stay tuned for exciting updates as we expand the possibilities of our Exchange Connectivity feature.
The post io.finnet and Cede Labs Partner to Transform Multi-Exchange Portfolio Management for Institutions appeared first on News, Events, Advertising Options.
Blockchain Press Releases
Bybit Web3 Launches FarmX, Revolutionizing Telegram Gaming with Decentralized Farming in SpaceS
DUBAI, UAE, Jan. 15, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced the launch of FarmX, a groundbreaking decentralized farming platform integrated into its popular Telegram game bot, SpaceS. FarmX empowers both new and experienced crypto users to earn rewards by completing simple farming tasks and participating in various campaigns, introducing a new dimension of play-to-earn excitement to the SpaceS ecosystem.
Bybit SpaceS, with its engaging space-themed gameplay and vibrant community of over 3 million players, has become a beloved platform for Web3 enthusiasts. Beyond its gameplay, SpaceS introduces a social element, allowing players to invite friends and form fleets to play together. The introduction of FarmX further solidifies Bybit’s position as a leader in innovative and rewarding gaming experiences.
Key Features of FarmX:
- Farm-to-Earn: Connect your wallet, hold SpaceS Points or TON, and start farming with a few simple clicks.
- Early Bird Advantage: FarmX rewards are distributed based on how much you farm and how early you start. The more SpaceS Points or $TON you hold and the earlier you participate, the greater your share of the prize pool.
- Exclusive Loyalty Rewards: Earn exclusive token rewards by farming SpaceS Points or depositing TON.
- Community-Driven: Leverage the thriving SpaceS community and participate in exciting campaigns with massive prize pools.
- TON Ecosystem Integration: FarmX integrates TON farming, marking Bybit Web3’s entry into the vibrant TON ecosystem. By holding $TON, players can double their rewards, unlocking even more earning potential.
MK Chin, Bybit’s Web3 Evangelist, commented: “FarmX represents a significant milestone for SpaceS and Bybit Web3. By seamlessly integrating decentralized farming into a beloved game, we are democratizing access to DeFi and providing our community with exciting new opportunities to earn rewards. We are thrilled to see how players embrace FarmX and shape the future of play-to-earn experiences.”
The FarmX campaign offers an additional 40,000 USDT prize pool from January 16th to 24th. Subsequent campaigns will feature even more enticing rewards and collaborations with top projects in the Web3 space.
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit Web3, please visit Bybit Web3.
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
HTX Achieves 100% YoY Trading Volume Growth to $2.4 Trillion in 2024, Powers User Growth to Over 49 Million
Embracing a New Era of Crypto Growth with Enhanced Security, Premium Listings, and Global Expansion in 2025
SINGAPORE, Jan. 15, 2025 /PRNewswire/ — HTX, a leading global cryptocurrency exchange, today released its annual report, “Embracing Global Growth with Innovation and Trust,” detailing its significant achievements in 2024 and outlining its ambitious roadmap for the year ahead.
Read the full report here: https://square.htx.com/htx-2024-recap-2025-outlook/
2024: A Year of Explosive Growth Across Multiple Fronts
In 2024, HTX demonstrated remarkable progress across key areas, including user acquisition, trading volume, product innovation, compliance, and ecosystem development. This success was driven by cutting-edge offerings, excellent services, and a robust global strategy.
- Key Metrics Show Accelerated Growth Through Innovative Events
HTX’s performance metrics reveal unparalleled momentum. The platform welcomed 3 million new registered users in 2024, bringing its total user base to over 49 million. Trading volume surged, reaching nearly $2.4 trillion, marking a 100% year-over-year increase with consistent monthly growth. User assets also saw significant growth, with a net capital inflow of $1 billion, bringing the total to $5 billion—a robust 80% increase compared to early 2024.
These achievements can be attributed to the success of HTX’s innovative events, such as Launchpool, Trade to Earn, Earn with Pending Orders, Borrow & Earn, SmartEarn, and the 11th Anniversary Series. These events fostered unprecedented engagement, trading volume, and rewards offered to participants.
Over the past year, community members actively participated in HTX DAO, casting over 350,000 votes. Based on the governance proposals passed by HTX DAO, HTX introduced new models such as “Multiple Staking Rewards” to enhance the value of $HTX. These models further strengthened the competitiveness of the $HTX token. Data shows that thanks to mechanisms such as Liquidity Pledge and Token Burns, the total number of users holding $HTX on the HTX exchange reached over 720,000. Moreover, the amount held by large holders increased by 268%, with the number of large holders possessing over 100,000 USDT experiencing a 110% increase.
- Spotlight on Emerging Trends and Early Opportunities
Leveraging its market insights, HTX listed 218 high-quality assets in 2024, including WIF, BOME, ONDO, and ENA, across diverse hot sectors including DePIN, RWA, and meme coins. Notably, 171 of these assets were initially listed on HTX.
SUNDOG, the best-performing coin within the SunPump ecosystem, experienced a remarkable 37-fold growth after its listing, becoming a key driver of SunPump’s success. Recognizing the importance of identifying and capitalizing on emerging opportunities, HTX promptly launched the Crypto Gem Hunt to help users discover and capitalize on potential wealth-generating assets.
- Commitment to Security and Regulatory Compliance
HTX made significant strides in global compliance, including applying for Europe’s MiCA licenses and pursuing regulatory approvals in Dubai (VARA’s FMP license) and Bahrain for custody, brokerage, and exchange operations.
To ensure asset transparency, the exchange consistently delivered Proof of Reserves by Merkle Tree Verification for 12 consecutive months, maintaining over 100% reserve ratios across eight assets.
- Towards Long-Term Development Through Ecosystem Cooperation
HTX Ventures, the global investment arm of HTX, invested in 28 leading projects in 2024, spanning diverse sectors such as BTCFi, ZK-rollups, modular infrastructure, AI, SocialFi, and more. Furthermore, HTX fostered strategic collaborations with leading venture capital firms, including Bankless and Figment, to jointly promote the sustained growth and development of the crypto industry.
- Promotion of Brand Image to Facilitate Global Reach
Throughout 2024, HTX consistently made a strong impression at top crypto summits worldwide, such as TOKEN2049 and Blockchain Life, hosting 19 brand events and receiving 4 industry awards. Notably, the host of Crypto Summit 2024 revealed at the opening ceremony that HTX holds an 11% market share, ranking third in the CIS region, solidifying its position as a key player in the market.
2025: Seizing Opportunities in a New Crypto Era
HTX’s 2025 vision aligns with anticipated industry tailwinds, including potential shifts in the U.S. Federal Reserve’s interest policies and the evolving global regulatory landscape. The exchange plans to:
1. Expand premium listings.
2. Enhance product offerings and user experience through innovation.
3. Strengthen security measures and global operations models.
4. Support decentralized governance and foster global crypto prosperity.
5. Cement HTX’s influence, particularly in high-potential regions like the CIS.
2025 will be a pivotal year for HTX to seize emerging industry opportunities. As a well-established digital asset trading platform with a proven track record of industry building, and a strong user-centric focus, HTX is confident to deliver exceptional services for its global user base and advance toward its vision of “Achieving Financial Freedom for 8 Billion People on Earth”.
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact [email protected]
Contact Details
Ruder Finn Asia
[email protected]
Company Website
https://www.htx.com
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