DUBAI, UAE, Dec. 8, 2023 /PRNewswire/ — Bybit, the world’s third-largest crypto exchange by volume, today unveiled its forward-thinking Web3 vision on its 5th anniversary, aimed at creating a decentralized ecosystem that is Simpler, Open, and Equal for all.

“Our Web3 vision is an extension of our promise to be the Crypto Ark, safeguarding user assets and seamlessly integrating them into the world of crypto. We want to help bridge more users from Web2 into Web3, by building a decentralized ecosystem that’s simpler, open and equal for all,” said Ben Zhou, Co-founder and CEO of Bybit.

Bybit’s Web3 Mission and Values: Openness Redefined

At the core of Bybit’s Web3 vision lies a commitment to openness. Bybit aims to be open to all builders, creators, and partners in the blockchain space. This translates into a commitment to collaboration, exploration and innovation with our community and partners to build an environment where blockchain technology empowers everyone equally.

Bybit’s goal is to connect and open up currently segregated walled systems into an unified experience that connects users seamlessly across various Web3 ecosystems, platforms and services.

Unlocking the Promise of Web3

Bybit’s strategic approach to achieving its Web3 vision is multifaceted, encompassing infrastructure, application, ecosystem and user engagement initiatives:

• Opening Up and Simplifying Access to Web3
  • Bybit Web3 will introduce multi-wallet integration, seamlessly blending ease with advanced technology, empowering users to manage both custodial wallet and MPC wallets for various uses.
  • Users can easily access dApps, NFT marketplaces, and the entire spectrum of Web3 features and services directly from the Bybit Wallet. This streamlined approach allows users to conveniently manage their DeFi portfolios, encompassing buying, selling, trading, swapping, and staking DeFi assets, all within a few clicks on a single platform.
• Deepening Ecosystem Partnerships, Equalising Access to Opportunities
  • Building upon a successful 2023 marked by empowering partners to embrace the Web3 space, such as the Oracle Red Bull Racing Velocity series, Bybit will continue to upgrade its Web3 infrastructure, foster more partnerships with prominent blockchain ecosystems and projects, including the launch of its revamped NFT marketplace.
  • Users can expect a more diverse and dynamic marketplace, a broader range of curated digital assets, and increased liquidity, all of which will facilitate easier participation in the opportunities within the DeFi and NFT space.
  • Brands and businesses seeking to transition into or harness the Web3 space can look forward to enhanced support, such as tailored programmes and collaborative initiatives, empowering them to harness opportunities presented by the evolving decentralized landscape.
• Bringing Simplicity, Enjoyment, and Rewards to Web3
  • Bybit is dedicated to injecting fun and rewards into the open exploration of Web3 for all users and partners, cultivating a more inclusive and participatory experience in the decentralized realm.
  • The community can anticipate more support, incentives and initiatives empowering them to develop their research, analysis, and investment skills, as well as to build and expand the Crypto Ark and Bybit Web3 ecosystem together.

“In a world where division prevails, we aim to build an ecosystem that breaks down barriers and enables equal opportunities for everyone,” adds Ben.

“This unwavering commitment aligns with Bybit’s broader vision to democratize access to the transformative power of Web3, ensuring that its benefits extend far beyond the realms of technology and finance.”

#Bybit  #TheCryptoArk #BybitWeb3

About Bybit

Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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DUBAI, UAE, Dec. 7, 2023 /PRNewswire/ — Bybit, the world’s third-largest crypto exchange by volume, is proud to announce the partnership of its institutional team with Ethena Labs, heralding the integration of the new USDe stablecoin on its platform.

Ethena’s synthetic dollar protocol, USDe, offers a groundbreaking solution for decentralized money, independent of traditional banking infrastructure. It provides a censorship-resistant, scalable, and stable solution. By delta-hedging staked Ether (ETH) collateral on Bybit, USDe ensures full collateral backing without sacrificing ETH yield.

Bybit will play a crucial role in Ethena’s strategy, handling a significant portion of the initial hedging flow for USDe. This partnership represents a strategic step towards creating a crypto-native solution to digital money.

The introduction of USDe on Bybit also provides the opportunity for users to diversify their stablecoin holdings into a crypto-native product. This offers an uncorrelated risk profile compared to the centralized stablecoins currently dominating exchanges.

Ethena keeps its assets with qualified custodians demonstrating Bybit’s commitment to providing trading infrastructure that meets the demands of large institutional players. Indeed, Ethena’s approach to separate custody and execution, similar to traditional markets, and its commitment to using off-exchange custodians for accessing centralized liquidity, positions it as a transformative force in the industry.

“Our collaboration with Ethena Labs represents our commitment to solving some of the biggest challenges in crypto today, not least, the creation of a decentralized stablecoin,” said Ben Zhou, co-founder and CEO of Bybit. “The integration of USDe on Bybit expands our stablecoin offerings, providing our users with an array of uncorrelated solutions accessible from our Unified Trading Account.”

#Bybit / #TheCryptoArk

About Bybit

Bybit is a top-three cryptocurrency exchange by volume with 20 million users established in 2018. It offers a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X (Twitter) | Youtube

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SAN FRANCISCO, Dec. 6, 2023 /PRNewswire/ — Constellation Network, a trailblazing US blockchain enterprise, proudly unveils its Enterprise Advisory Board, marking a significant stride in expanding its influence across commercial, enterprise, and federal sectors. This board, comprising distinguished leaders from diverse backgrounds, underscores Constellation’s commitment to innovation and security, notably as the first blockchain to develop secure communications for the US Department of Defense.

The board members, selected for their expertise and visionary leadership, include:

Erik Bethel, a global finance expert with significant public and private sector experience, including a pivotal role at the World Bank. His insights into blockchain and AI technologies are invaluable for advancing Constellation’s strategic objectives.

Michael Sandoval, a former Microsoft executive and current CEO of AI Research Corporation, brings a wealth of experience in AI, cybersecurity, and technological architecture, enhancing Constellation’s approach to secure communications and blockchain technology.

Alan Boehme, with over 25 years in global corporations, including H&M and Coca-Cola, offers a deep understanding of emerging technologies. His expertise will be pivotal in guiding Constellation’s technological innovations and applications across industries.

Art Seabolt, a technology specialist with four decades of experience, including senior executive roles, contributes his knowledge in large-scale data management and technology innovation, crucial for Constellation’s big data and blockchain initiatives.

Ken Spedden, recognized by the White House Office of Science and Technology Policy for his technological innovations, brings a unique perspective on applying technology to complex societal and security challenges. His experience in inter-agency collaboration and technology application bolsters Constellation’s mission in leveraging blockchain for wide-ranging societal and national security needs.

The formation of this board is a testament to Constellation Network’s dedication to harnessing Web3 technology for addressing global and industry-specific challenges. This initiative is a key component of Constellation’s strategy to pioneer blockchain applications that are secure, scalable, and transformative.

For more details about these advisors and their contribution to Constellation Network’s vision, visit https://constellationnetwork.io/team.

About Constellation Network, Inc.
Constellation Network is a dynamic force in blockchain, offering an open-source framework for business development. The assembly of this board is a decisive move in solidifying Constellation’s position as a leader in blockchain.

Twitter: @conste11ation 

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