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Blockchain Press Releases

Coin98 Launches Decentralized Dapp Store on NEAR’s Blockchain Operating System (B.O.S)

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  • Multichain wallet and defi platform Coin98 launches a decentralized app store powered by the NEAR Blockchain Operating System (B.O.S), enabling a one-stop shop for streamlined access to the most prominent L2 ecosystems
  • Coin98’s 7+ million users will now have access to a user-friendly curation of the top bridging and defi protocols on a familiar, intuitive dapp store interface
  • The Coin98 dapp store provides true decentralization by utilizing B.O.S, where the frontend code for the dapps are stored on-chain on NEAR––while also providing better discovery and user experience for end users

ZUG, Switzerland, Nov. 2, 2023 /PRNewswire/ — The NEAR Foundation announced today that Coin98––a multichain wallet and defi platform with more than 7 million users across 170 countries––has launched a decentralized dapp store powered by the NEAR Blockchain Operating System (B.O.S). Coin98’s innovative marketplace offers an intuitive app store interface to streamline access to a range of apps on prominent Ethereum Layer-2 ecosystems, greatly increasing accessibility and discoverability for users.

Focused on an one-stop DeFi experience for the everyday Web3 user, the Coin98 Super Wallet offers both a web and a mobile application supporting over 70 chains and 15,000 dapps. With the BOS gateway added to Coin98 Super Wallet, users interested in exploring new L2 or DeFi ecosystems can find applications, cross-chain bridging, money markets, and decentralized exchanges all in a single interface––and thanks to the power of the B.O.S, the frontend code is 100% decentralized and stored on-chain, on NEAR.

Coin98’s decentralized dapp store will offer support for a variety of top Layer-2 solutions, including Polygon zkEVM, zkSync, Base, and Linea. These solutions will be easily accessible via both the Coin98 website and the Coin98 Super Wallet mobile application. The interface is designed for ease of use: users only need to connect once with their Coin98 Super Wallet to get access to an array of widgets dedicated to each ecosystem. Clicking on these widgets will reveal a curated selection of each ecosystem’s top bridge and DeFi protocols, streamlining the previously fragmented onboarding journey into a single flow.

Utilizing NEAR’s innovative chain-agnostic B.O.S tech stack for decentralized frontends, Coin98 is able to offer users a truly decentralized app store. All the featured dapps on the Coin98 gateway are frontend components whose code is stored on-chain on NEAR, which directly interact with the smart contracts on the original chains. Thanks to the B.O.S, Coin98 can provide users with an app store that is both easy to use and fully decentralized.

Coin98’s decentralized dapp store addition to their Super Wallet is a strategic move to enhance user acquisition and engagement in a saturated market for wallets. By offering the most efficient and streamlined way to interact with top Layer-2 solutions, Coin98 positions itself as a frontrunner in the blockchain space.

Thanh Le, Coin98 Founder, said: “At Coin98, we are dedicated to providing our users with the very best one-stop defi experience in our pursuit of the vision to make Web3 accessible for everyone. With NEAR’s B.O.S, we can create a user-friendly interface thanks to its composability, while enabling decentralization under the hood. Our dapp store offers hassle-free interaction with the most exciting L2s in the market. Soon, we will expand our collection to offer even more ecosystems and dapps, as B.O.S greatly reduces the development process, enabling a fast and scalable way to integrate new applications.”

Utilizing the B.O.S as a frontend layer makes the development process is not only easy but scalable over time, thanks to a catalog of frontend components from which developers can easily pick and choose––which unlike native chain integrations makes it significantly easier to incorporate new ecosystems at scale.

The Coin98 decentralized app store demonstrates the power of B.O.S to improve the Web3 user experience, effectively solving the persistent challenges of complex onboarding and fragmented user experience in the Web3 space. B.O.S takes center stage as a solution that streamlines the onboarding process, providing a user-friendly and efficient gateway for both new and experienced users.

Illia Polosukhin, co-founder of NEAR Protocol, said: “The NEAR ecosystem is excited to see Coin98 build their decentralized app store on the B.O.S and deliver much better experiences to their users. This is exactly why we set out to build the B.O.S: because NEAR’s technology can help founders achieve decentralization and discoverability in parallel. Now Coin98’s users can explore multiple L2 ecosystems all in one app, through the wallet of their choice, in seconds, with no complexity or switching costs. NEAR’s mission is to drive mainstream adoption of the Open Web through great user experiences and we hope more founders and projects will join us in building on the B.O.S.”

Coin98’s decentralized app store offering follows the launches of major B.O.S gateways by Polygon zkEVM and Mantle, two top L2 ecosystems. The success of these wallet gateway partners highlights the benefits that B.O.S helps Web3 founders deliver to end-users, demonstrating NEAR’s commitment to enabling products that simplify the blockchain experience and globally expand access to the Open Web.

About Coin98 Super Wallet

Coin98 is the #1 crypto super app designed to seamlessly connect a billion users to the crypto world safely and securely.

We offer users across the globe a comprehensive and trusted ecosystem of essential services, including but not limited to a non-custodial, multi-chain NFT & cryptocurrency wallet, built-in DEXs, Cross-chain Bridge & DApp Browser, a powerful Terminal, attractive Earn, Gift & Campaign, and Others.

Website |  Twitter | Discord | Telegram | Docs |

About NEAR Foundation

The NEAR Foundation is a Switzerland-based nonprofit foundation whose mission is to enable community driven innovation to benefit people around the world. One of its core areas of focus is the NEAR ecosystem, which includes a fully operational decentralized Blockchain-based platform for building decentralized applications.

NF carries out its mission, primarily through the allocation of support and resources to other nodes in the near ecosystem, rather than via direct intervention or operations.

Unlike many organizations of its type, NF’s ultimate goal is to minimize its own scope and footprint by continuing to divide functions and resources to the ecosystem; and support the development of decentralized infrastructure necessary for those ecosystem functions to operate in a self-sufficient manner. For more information visit the website,  follow us on social, or join our communities:

NEAR Foundation X/Twitter: @nearprotocol
NEAR Foundation Telegram: @cryptonear

Media contacts:

Georgia Hanias
NEAR Foundation[email protected]  
+44 (0) 7812 211403

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Cision View original content:https://www.prnewswire.co.uk/news-releases/coin98-launches-decentralized-dapp-store-on-nears-blockchain-operating-system-bos-301975938.html

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Blockchain Press Releases

aelf Leads the Fusion of AI and Blockchain to Shape the Future of Technology

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Singapore-based blockchain pivots to artificial intelligence to unlock new frontiers in blockchain efficiency, scalability, intelligence, and security; and deploys $50 million ecosystem fund to support the AI transformation initiatives.

SINGAPORE, April 12, 2024 /PRNewswire/ — In a transformative move for the blockchain industry, aelf, a pioneering blockchain network, has announced its strategic shift to integrate artificial intelligence (AI) within its blockchain. This significant leap forward marks the beginning of a new phase for the aelf blockchain, transitioning from a decentralised network to a vibrant ecosystem enriched with state-of-the-art AI models and agents, broadening its functionalities and enriching user experiences.

“The integration of computation, LLM (large language model) and agents within the aelf’s blockchain is not just an enhancement; it’s an evolution,” stated Auric, Founder of aelf. “7 years ago, we have identified blockchain’s future and been relentlessly developing modular systems, parallel processing, cross-chain bridges and cloud-native architecture, which are now what the industry has been talking about. Now, we envision AI as the next catalyst for the future of blockchain and are determined to be the first in Asia to bring this evolution to fruition. This AI transformation is about cultivating a self-evolving system—a smarter, self-learning blockchain where each new block is more advanced than the last.”

To nurture and accelerate the convergence of AI and blockchain, aelf Ventures, aelf’s investment arm, will be strategically deploying its $50 million Ecosystem Fund to support innovative AI initiatives seeking blockchain enablement. With the roll-out of developer-friendly toolkits, aelf will further catalyse this AI blockchain innovation by empowering the community to utilise those new technologies for data pre-processing, model training, fine-tuning and deployment, agent development, on-chain deployment and monetization with the aelf blockchain environment.

Existing projects and games on the aelf blockchain are set to integrate these AI capabilities while new projects will benefit from aelf’s robust foundation, offering a dynamic and responsive blockchain ecosystem that delivers enhanced efficiency, strengthened security protocols, and sophisticated intelligent automation.

This AI transformation embodies aelf’s commitment to fostering an environment of continuous innovation and maintaining its position at the forefront of blockchain technology. With a steadfast dedication to expanding its capabilities, aelf remains focused on generating user-centric value and propelling the entire blockchain domain forward.

About aelf

aelf, the pioneer Layer 1 blockchain, features modular systems, parallel processing, cloud-native architecture, and multi-sidechain technology for unlimited scalability. Founded in 2017 with its global hub based in Singapore, aelf is the first in the industry to lead Asia in evolving blockchain with state-of-the-art AI integration, transforming blockchain into a smarter and self-evolving ecosystem.

aelf facilitates the building, integrating, and deploying of smart contracts and decentralised apps (dApps) on its blockchain with its native C# software development kit (SDK) and SDKs in other languages, including Java, JS, Python, and Go. aelf’s ecosystem also houses a range of dApps to support a flourishing blockchain network.

For more information, visit https://aelf.com.

View original content:https://www.prnewswire.co.uk/news-releases/aelf-leads-the-fusion-of-ai-and-blockchain-to-shape-the-future-of-technology-302115323.html

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Blockchain Press Releases

Bitrue Gears Up for 2024 Bitcoin Halving with Trading Competition

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SINGAPORE, April 12, 2024 /PRNewswire/ — Leading cryptocurrency exchange Bitrue unveiled a new competition available to all users on the platform that comes with a total prize up to $850,000 USDT in a recent X announcement.

The contest is being held in honor of the much anticipated Bitcoin Halving – an event that occurs once every four years to regulate the supply of new BTC entering the digital asset economy, and helps ensure long-term value through scarcity of supply.

The competition will rank traders according to their trading volume on the exchange during the contest period. The competition begins on Thursday April 11th and will continue until the halving event occurs (estimated April 20th). The prizepool will increase according to the number of valid participants in the competition, with the grand prize winner set to take home 25% of the total reward (212,500 USDT). All participating users will have a chance to win prizes regardless of their final rank.

With all eyes on this historic event, Bitrue is thrilled to be able to offer an exciting and rewarding way for its 10 million users to mark the occasion and provide them with an opportunity to earn a life changing amount of money. Interested parties should sign up on the Bitrue exchange now in order to be ready for when the contest goes live on April 11th.

About Bitrue

Launched in July 2018, Bitrue is a diversified digital exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. It has offices in Asia and Europe, and continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.

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Cision View original content:https://www.prnewswire.co.uk/news-releases/bitrue-gears-up-for-2024-bitcoin-halving-with-trading-competition-302115311.html

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Blockchain

Financial industry bodies defend permissionless blockchains against Basel Committee’s classification

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Five financial industry bodies have pushed back against the treatment of permissionless blockchains by a global banking supervision authority.

In December, the Basel Committee on Banking Supervision (BCBS) published a report on proposed amendments to bank capital requirements for digital assets, stablecoins, and tokenized assets.

The report classified all permissionless blockchains as high-risk, claiming that some risks could not be mitigated through existing solutions. BCBS was particularly concerned about banks’ lack of control over third parties who conduct most operations on these blockchains. It also warned about their privacy, finality, liquidity, and political, legal, and policy risks.

In response, five global financial industry regulators have defended permissionless blockchains. In a joint response, they stated that the industry “has all necessary expertise and robust compliance frameworks to fully identify, manage and mitigate these risks.”

The five are the International Swaps and Derivatives Association, the Global Financial Markets Association, the Institute of International Finance, the Futures Industry Association, and the Financial Services Forum.

Blockchain’s application in the financial industry is evolving, and regulators must not disincentivize banks from exploring the technology, the regulators stated. By putting up unnecessary hurdles, the BCBS would only push these institutions to the non-regulated shadow banking space, which would be riskier for them.

The regulators further noted that dozens of global banks have conducted successful pilots using permissionless blockchains. These pilots have shed more light on the technology’s application and allowed them to understand and control emergent risks.

The BCBS approach is unfair to blockchain and veers away from the regulator’s long-held “same asset, same risk” approach, they added.

“While we acknowledge that risk mitigation techniques are evolving for permissionless crypto assets…we are confident that solutions already exist in respect of specific use cases,” the five stated.

They believe deciding whether to build on permissionless blockchains should be left to the banks.

The financial sector has been a leader in blockchain adoption, with some, like JPMorgan (NASDAQ: JPM), developing their own permissioned networks, albeit unsuccessfully. However, most have relied on existing solutions to build applications spanning settlement, bond issuance, tokenization, etc.

Source: coingeek.com

The post Financial industry bodies defend permissionless blockchains against Basel Committee’s classification appeared first on HIPTHER Alerts.

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