Blockchain Press Releases
Altair Announces Winners of 2023 Altair Enlighten Award
Polestar, Toyota, Marelli, and others among winners creating a more sustainable, lightweight future
TROY, Mich., Aug. 1, 2023 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI) has named the winners of the 2023 Altair Enlighten Award. Presented in association with the Center for Automotive Research (CAR), the Altair Enlighten Award honors the greatest sustainability and lightweighting advancements that successfully reduce carbon footprint, mitigate water and energy consumption, and leverage material reuse and recycling efforts.
“The Altair Enlighten Award is a special award that showcases how the automotive industry’s leading minds – from the biggest names to its newest startups – are applying advanced technologies and responsible AI to create a better, greener industry,” said James R. Scapa, founder, and chief executive officer, Altair. “Lightweighting, optimization, and sustainability are more important than ever in the modern automotive industry. Altair is proud to honor the innovations that will drive the future of a sustainable industry.”
“As always, we’re honored to be presenting the Enlighten Award together with Altair, and we look forward to seeing what innovations this year’s submissions bring as we work towards a more sustainable automotive ecosystem,” said Alan Amici, president, and chief executive officer, Center for Automotive Research.
The complete list of all winning organizations, runners-up, and honorable mentions are below.
Sustainable Product
- Winner (Passenger Vehicle): Polestar – Polestar 2 MY24
- The 2024 Polestar 2 features next-generation electric motors, quicker charging, greater efficiency, and longer range — now up to 654 kilometers as measured by the Worldwide Harmonized Light Vehicle Test Procedure (WLTP). Despite the significant increases to performance, range, and efficiency, the Polestar 2 also boasts a reduced carbon footprint, with some versions now producing up to three tons less carbon dioxide compared to the launch version released in 2020. In addition, Polestar uses blockchain technology within its supply chain to expand raw material traceability and address social and environmental issues.
- Winner (Class 8): Nikola Corporation – Nikola Tre FCEV
- When developing the new Nikola Tre FCEV, Nikola emphasized recycling – 100% of car scrap produced in the production of pre-consumer batteries was recycled and/or reused, and 100% of hazardous waste produced during production was safely recycled. Nikola also implemented a circular reuse program for all battery pallets, and the vehicle manufacturing process consumed no water.
- Runner-up: Lucid Motors – Lucid Air Sedan
- California-based EV manufacturer Lucid Air has launched its flagship Lucid Air sedan, which has broken industry records for range, charging speeds, aerodynamics, and performance. The Lucid Air lineup — with its core technology designed and engineered completely in-house — can add 300 miles of range in just 22 minutes of charge, carries an industry-leading aerodynamic drag coefficient of 0.197, and includes trims with an EPA-estimated range of up to 516 miles and mileage efficiency of 4.6 miles per kilowatt-hour.
Sustainable Process
- Winner: ArcelorMittal – Use of Biomass for Carbon-Neutral Steelmaking
- The ArcelorMittal Port-Cartier pellet plant became the first in the world to substitute pyrolytic oil for heavy fuel oil on a continuous basis. By using this biofuel, produced locally by BioÉnergie AE Côte-Nord Canada, ArcelorMittal not only reduces its emissions but builds a true regional energy ecosystem by uniting the two great resources of the Côte-Nord region, iron and forest.
- Runner-up: Brose Antriebstechnik GmbH, Co. Kommanditgesellschaft, Berlin – Reman-Drive – Remanufactured E-Bike Drive
- Brose introduced a remanufactured, lower-cost drive that saves 21 kilograms (46.2 pounds) of carbon emissions per unit, while maintaining quality standards. The process recovers and restores previously sold, worn-out, or non-functional products to “like new” conditions and saves material, costs, and carbon emissions.
- Honorable Mention: Kasai Kogyo Co. Ltd. – Kasai Hi-Papia, Kasai Original Sustainable Material
- Kasai Hi-Papia (KHP) is composed of 100% recycled polypropylene (PP), polyethylene terephthalate (PET), and pure talc. In addition, material scrap from the KHP manufacturing process is reused. KHP has helped spread the recycling plastic market and reduce the amount of material needed by fabric manufacturers. KHP’s adaptable production system enables higher flexibility to support different recyclable plastic contents in various regions.
Responsible AI
- Winner: Volteras – A Novel Way to Connect the Electric Vehicle Ecosystem
- Volteras’s API gives businesses access to electric vehicle (EV) ecosystem data with a two-week integration that would take organizations years to integrate otherwise. Its products allow organizations to reduce energy waste and emissions, better manage EV fleets, optimize charging across home chargers using its smart charging algorithms, and more.
Enabling Technology
- Winner: Toyota, BASF Corp, and US Farathane – World’s First Adoption of Resin Frame for IsoDynamic Seat
- Toyota converted more than 17 multi-piece steel parts into just one molded part, thus using far less raw material and decreasing waste. In addition, the process also generated an estimated 20% cost reduction and a 30% weight reduction. In addition, this is the world’s first adoption of lateral, vertical, and horizontal dynamic motions with adjustable dampers for the driver and passenger seats in off-road vehicles.
- Runner-up: NIO – HPDC Material and Processing Methods for Efficient Structural Design
- With the goal of minimizing environmental impact, NIO used a new alloy material that doesn’t require heat treatment, and used a more accurate, more efficient laser cleaning process. These changes reduced part mass by 31%, reduced part count by 98% (turning 54 stamped parts to one), and slashed manufacturing time by 60%.
Module Lightweighting
- Winner: Toyota, Adient, and Multimatic – IsoDynamic Seat, Accra® SuperStructure
- Multimatic’s Accra® technology is a high-volume, hot-form manufacturing process that uses form blow hardening (including rapid water quenching) to manufacture ultra-high strength (boron) steel. Thanks to these production adjustments, the process reduced mass by 17%, reduced packaging space by 40%, and increased torsional load strength in key areas by 30%.
- Runner-up: Nemak – BMW HPDC E-Bracket
- Nemak developed a new alloy material for high-pressure die casting (HPDC) and reduced the BMW E-bracket’s overall weight by 30%, resulting in a final weight of 16.74 kilograms (36.9 pounds).
Future of Lightweighting
- Winner: Marelli – Lightweight Urethane for Interior Products
- Marelli developed a new lightweight polyurethane foam that can be applied to all foam-in-place (FIP) applications, particularly the main dashboard panel. It reduces part mass by 40% with new tooling, 8% from current tooling, and reduces volatile organic compounds (VOCs) by 80% compared to the current polyurethane foam in use – all while retaining a high-quality feel and appearance.
- Runner-up: Solvay Specialty Polymers – Ajedium™ PEEK Slot Liners
- Ajedium™ PEEK slot liners can reduce battery pack weight by 12 kilograms (36.4 pounds) and the e-motor size by 4 kilograms (8.8 pounds). Additionally, there’s no requirement for high-power dedusting equipment or climate-controlled storage to prevent moisture uptake – which reduces energy consumption – since PEEK slot liners can be inserted via existing equipment. The reduction in aluminum casting motors uses less energy and material than before.
- Honorable Mention: WorldAutoSteel, Ricardo plc – Steel Body Structures for Fully Autonomous Vehicles
- As the world’s first autonomous vehicle constructed to fulfill the most stringent crash requirements, WorldAutoSteel and engineering partner Ricardo developed this concept vehicle that features a 282-kilogram (621.7-pound) body structure, and a 25% mass reduction over an expected reference vehicle. It also has the potential to reduce total lifecycle carbon emissions by 86%, which will help meet global net-zero goals.
- Honorable Mention: Michigan Technological University for Auto/Steel Partnership – Steel E-Motive Side Closure Mechanism
- By developing this mechanism using advanced high-strength steel (AHSS) instead of aluminum, there is the potential to reduce carbon emissions by 3x while also reducing manufacturing costs.
The Enlighten Award winners will be announced in an awards ceremony at the CAR Management Briefing Seminars on August 1, 2023, at 7:30 a.m. ET. For more information about the Enlighten Award, visit https://altair.com/enlighten-award.
Partners for the 2023 Enlighten Award include Automotive Engineering SAE, Tech Briefs, Auto Bild Japan, Automobile Industrie, and the Korean Society of Automotive Engineers (KSAE).
About Altair
Altair is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. For more information, visit https://www.altair.com/.
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Media contacts |
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Altair Corporate |
Altair Investor Relations |
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Jennifer Ristic |
Monica Gould, The Blueshirt Group |
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+1.216.849.3109 |
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Altair Europe/The Middle East/Africa |
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Charlotte Hartmann |
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+49 7031 6208 0 |
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Welcome to Blocks & Headlines, your daily deep-dive into the most impactful movements in blockchain technology and the cryptocurrency sector. In today’s edition, we unpack five major stories that illuminate trends in funding, sustainability, payment innovation, banking collaborations, and technical interoperability—all vital signposts for developers, investors, and Web3 enthusiasts. Here’s what’s on the docket:
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Camp Network’s New IP-Focused Testnet
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Blockchain for Sustainable Packaging
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Meta’s Blockchain-Based Payment System Plans
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Mocse Credit Union Joins Metal Blockchain’s Innovation Program
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Apex Fusion on the Urgency of Blockchain Defragmentation
Through concise reporting, opinion-driven analysis, and SEO-optimized insights—featuring keywords like blockchain, cryptocurrency, Web3, DeFi, and NFTs—we’ll explore how these developments shape the next wave of decentralized finance, enterprise adoption, and mass onboarding.
1. Camp Network Launches Testnet for IP-Focused Blockchain
What Happened:
Camp Network has unveiled its long-anticipated testnet following a $30 million funding round led by leading crypto VCs. This new network is tailored for intellectual property (IP) asset tokenization, aiming to streamline rights management and royalty payments via smart contracts.
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Technical Highlights:
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Modular Consensus: Hybrid PoS/PoA consensus that allows IP rightsholders to validate transactions.
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On-Chain Licensing: Smart contracts enabling programmable licensing terms, automated royalty splits, and revocable access controls.
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Interoperability: Bridges to Ethereum and Polygon enable seamless asset transfers and liquidity provisioning.
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Analysis & Implications:
By focusing on IP tokenization, Camp Network addresses a glaring gap in current NFT platforms, which often lack robust legal-framework integration. This specialization could catalyze:
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New Revenue Models: Musicians, authors, and inventors can fractionalize royalties, unlocking liquidity and democratizing investment in creative works.
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Institutional Adoption: Traditional publishers and studios may pilot tokenized licensing, accelerating blockchain’s entrée into regulated industries.
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Secondary Markets: With on-chain licensing data, marketplaces can enforce provenance and anti-fraud measures more effectively.
Camp Network’s testnet success will hinge on developer tooling, legal partnerships, and gas-fee economics. Should it deliver a smooth UX and clear ROI for rightsholders, it could set a new standard for Web3 IP infrastructure.
Source: The Block
2. Blockchain as a Sustainable Packaging Game-Changer
What Happened:
A recent report explores how blockchain can revolutionize sustainable packaging by delivering end-to-end supply-chain transparency. The solution combines on-chain tracking of materials, IoT sensor data for carbon footprint measurement, and tokenized incentives for recycling.
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Key Components:
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Immutable Traceability: Each packaging component is logged on a public ledger, enabling consumers to verify sustainable sourcing.
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Carbon Credit Tokens: Brands earn tokenized credits when they hit recycling targets, tradable on carbon-market DAOs.
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Consumer-Facing Apps: QR-code scanning interfaces reveal environmental impact metrics and reward programs.
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Analysis & Implications:
Integrating blockchain with sustainable packaging tackles greenwashing and fragmented reporting. The ability to tie physical materials to on-chain records introduces:
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Enhanced Accountability: Brands face real-time public scrutiny of ESG claims, improving trust and regulatory compliance.
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Market Mechanisms: Carbon credit tokens linking packaging to broader DeFi ecosystems incentivize circular economy behaviors.
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Consumer Engagement: NFTs or loyalty tokens tied to sustainable purchases could accelerate brand loyalty in eco-conscious demographics.
This convergence of blockchain, IoT, and token economics exemplifies how decentralized technologies can underpin not only financial systems but also planetary stewardship.
Source: Yahoo Finance
3. Meta Plans New Blockchain-Based Payment System
What Happened:
Meta is reportedly developing a blockchain-powered payment network to underpin its digital wallet ambitions, aiming to facilitate low-fee remittances, in-app purchases, and peer-to-peer transfers across Facebook, Instagram, and WhatsApp.
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Proposed Features:
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Cross-Border Settlements: Utilizing stablecoins pegged to major fiat currencies to avoid volatility.
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Layer-2 Scalability: Built atop an Ethereum Layer-2 or a proprietary chain to ensure sub-second confirmation times and minimal fees.
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Regulatory Compliance: On-chain KYC/AML checks integrated via permissioned sidechains.
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Analysis & Implications:
Meta’s push into blockchain payments could reshape the competitive landscape:
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Crypto On-Ramp: With 3 billion+ monthly users, built-in wallet functionality could massively expand mainstream cryptocurrency adoption.
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Disintermediation Risk: Traditional payment processors and remittance services face margin compression as Meta internalizes transaction flows.
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Regulatory Scrutiny: Centralized control of a global payments network raises data-privacy and antitrust questions, likely attracting significant oversight.
If Meta balances decentralization ethos with compliance demands, it could serve as a blueprint for other Big Tech firms eyeing Web3 integration.
Source: Dig.watch
4. Mocse Credit Union Joins Metal Blockchain’s Banking Innovation Program
What Happened:
Mocse Credit Union has signed on to Metal Blockchain’s Banking Innovation Program, a consortium designed to accelerate pilot projects in tokenized lending, fractional deposits, and programmable savings accounts.
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Program Benefits:
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Sandbox Environment: Regulatory-compliant testbeds for tokenized asset experiments.
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API Integrations: Plug-and-play modules for KYC, smart-contract auditing, and fiat-crypto on-ramps.
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Co-Innovation Workshops: Joint labs with fellow financial institutions and DeFi projects.
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Analysis & Implications:
This partnership signals the banking sector’s growing willingness to explore blockchain beyond hype:
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Tokenized Deposits: By issuing interest-bearing stablecoin equivalents, credit unions can attract a new demographic of digitally native savers.
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Risk Management: Sandboxed pilots allow institutions to evaluate smart-contract risks without exposing core systems.
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Interoperable Finance: Aligning legacy banking with DeFi rails can unlock hybrid products—e.g., flash loans collateralized by insured deposits.
Such collaborations could spearhead a wave of embedded finance offerings, blurring the lines between centralized and decentralized banking infrastructures.
Source: Newswire
5. Apex Fusion: Defragmenting Blockchain for Mass Adoption
What Happened:
In an op-ed, Apex Fusion argues that blockchain interoperability and defragmentation are critical prerequisites for mainstream Web3 uptake. The piece advocates standardized cross-chain messaging protocols, unified identity layers, and aggregated liquidity pools.
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Core Proposals:
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Protocol Neutral Messaging: A universal middleware to transmit value and data across disparate chains.
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Decentralized Identity (DID): A shared credential framework enabling seamless dApp logins without wallet-hopping.
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Liquidity Hubs: Cross-chain Automated Market Makers (AMMs) that pool assets to reduce slippage and gas friction.
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Analysis & Implications:
A fragmented blockchain ecosystem hinders user experience and developer efficiency:
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Onboarding Friction: New users face wallet complexity, chain-switching hassles, and inconsistent UX across apps.
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Capital Inefficiency: Isolated liquidity silos lead to higher trading costs and limit DeFi yield optimization.
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Developer Overhead: Building multichain dApps requires fragmented toolkits and disparate security audits.
Solving these challenges through interoperable frameworks will be pivotal for DeFi, NFT, and enterprise Web3 solutions to scale beyond niche audiences. Apex Fusion’s recommendations may inform upcoming standards efforts by bodies like the Blockchain Governance Initiative Network (BGIN).
Source: Euro Weekly News
Conclusion
Today’s blockchain developments reflect a maturing industry at the crossroads of innovation and integration:
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Specialized Networks: Camp Network’s IP testnet showcases niche use-cases driving targeted blockchain deployments.
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Sustainability & Token Economics: Linking environmental impact to on-chain incentives demonstrates blockchain’s potential in non-financial arenas.
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Big Tech Entry: Meta’s payment ambitions could accelerate global crypto adoption while raising regulatory stakes.
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Banking Collaboration: Programs like Metal Blockchain’s underscore financial institutions’ appetite for safe, regulated Web3 experimentation.
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Interoperability Imperative: As Apex Fusion highlights, defragmentation and cross-chain standards are essential for seamless UX and liquidity flow.
As blockchain weaves deeper into finance, supply chains, and digital ecosystems, the future hinges on striking the right balance between decentralization, compliance, and user-centric design. Stay tuned for tomorrow’s Blocks & Headlines where we continue to chronicle the pulse of Web3 innovation.
The post Blocks & Headlines: Today in Blockchain – May 9, 2025 appeared first on News, Events, Advertising Options.
Blockchain Press Releases
Bybit Surpasses 70 Million Users, Reinforces Commitment to Transparency and Institutional Growth
DUBAI, UAE, May 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced it has surpassed 70 million registered users, a milestone that highlights the platform’s sustained global growth and deepening trust among both retail and institutional clients. This achievement underscores Bybit’s robust market presence and its steadfast commitment to security, compliance, and product innovation.
“Reaching 70 million users is more than a number—it’s a testament to the trust our global community places in us,” said Ben Zhou, co-founder and CEO of Bybit. “We are doubling down on compliance, institutional-grade infrastructure, and user-centric innovation to ensure everyone—from first-time traders to global institutions—can access the future of finance with confidence.”
Strengthening Global Compliance and Regulatory Engagement
Bybit continues to expand its global compliance framework, working closely with regulators around the world. Most recently, Bybit held strategic discussions with Vietnam’s Ministry of Finance, contributing to the country’s regulatory sandbox initiative by sharing expertise in KYC, AML, and international best practices.
Bybit has also made key progress in major jurisdictions, including the United Arab Emirates, further demonstrating its commitment to regulatory alignment and operational transparency.
Accelerating Institutional Growth
Bybit is seeing rapid growth among institutional clients, driven by high-performance trading infrastructure, advanced risk controls, and strategic partnerships. The integration with Zodia Custody—a leading provider of institutional-grade custody and off-venue settlement solutions—reflects Bybit’s ongoing efforts to meet the needs of sophisticated investors with robust, compliant offerings.
Pioneering Web3 Integration and Real-World Utility
Bybit continues to lead in practical Web3 innovation. The Bybit Card, now used by nearly 2 million people, enables everyday crypto spending, while Bybit Pay streamlines on-chain and off-chain transactions for both users and merchants.
In line with its user-first philosophy, Bybit is also leveraging artificial intelligence to enhance trading, research, and support services. CryptoLens, an in-house AI analytics tool, offers users deep insights into token fundamentals, community activity, social trends, and tokenomics—even for projects not listed on the platform. TradeGPT, an AI agent trained on Bybit’s proprietary data, delivers rapid price action summaries and technical analysis, helping traders make smarter decisions. Complementing these innovations, an AI Support Agent enhances customer service by improving response efficiency and user experience across the platform.
Bridging Traditional Finance and the Future of Digital Assets
Bybit remains committed to its role as #TheCryptoArk—a safe, trusted bridge from traditional finance into the world of Web3. Through intuitive products, regulatory collaboration, and cutting-edge technology, Bybit empowers users of all levels to navigate and thrive in the digital asset ecosystem.
“We’re building the infrastructure for the next era of finance,” Ben added. “By championing regulation, professionalism, and a relentless user-first approach, we’re shaping a safer, more inclusive, and more empowering financial future for all.”
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 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
Unleashing the Power of Futures Combo Bots on Bybit: Leveling up Futures Trading with More Rewards
DUBAI, UAE, May 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, Futures Combo Carnival, a month-long trading event rewarding both new and experienced Futures Combo traders with multiple rewards tracks. Trading thresholds start at 300 USDT with rewards of up to 500 USDT in prizes weekly.
The largest Futures Combo campaign on Bybit to date, the Carnival gives traders even more reasons to make their futures trading journey hassle-free and more rewarding. Bot-enabled automated trading is becoming the norm among strategic traders in a turbulent market, where no traders can afford manmade mistakes or delays in execution.
Bybit’s Futures Combo Bot is a powerful tool for streamlining users’ futures trading experience, empowering them to build portfolios and rebalance positions across multiple futures contracts. The innovative solution allows traders to set up a Bot within minutes, minimizing manual management of complex trading strategies, and achieving both efficiency and flexibility when managing combos of futures contracts.
From now to Jun. 9, 2025, eligible Bybit users may take part in two events with a welcome bonus for first-time users:
- The Combo Battle offers newcomers who achieve a trading volume of 300 USDT an immediate 5 USDT Bot Bonus on a first-come, first-served basis, while experienced traders can earn lucky draw tickets by reaching volume milestones of 1,000 USDT and 2,500 USDT respectively using Bybit’s Futures Combo Bot.
- The Combo Challenge invites Mandarin-speaking Key Opinion Leaders to create and share their trading strategies on social media using the hashtag #ComboChallenge, with three weekly winners receiving 500 USDT each.
Bybit is committed to making futures trading more accessible to users looking to diversify their trading strategies. With rewards designed for both newcomers and experienced traders, this event strengthens community engagement while supporting users wherever they are on their trading journey. For more details and terms and conditions, users may visit: Bybit Futures Combo Carnival
#Bybit / #TheCryptoArk
About Bybit
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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