Blockchain Press Releases
NEAR Foundation and Polygon Labs join forces to build Zero-Knowledge Solution for WASM Chains
Leading ZK researchers and WASM experts to develop a zero-knowledge prover for WASM blockchains available via Polygon CDK
- The zkWASM collaboration leverages Polygon Labs’ groundbreaking zero-knowledge R&D with NEAR Foundation’s WASM expertise, positioning this ZK solution at the forefront of the Web3 market
- zkWASM will eventually be one of three provers available for developers who choose to build with Polygon Chain Development Kit (CDK), an open source codebase for launching ZK-powered L2 chains for Ethereum
- NEAR Foundation becomes a core contributor to Polygon CDK
- This pioneering research initiative will pave the way for greater trustless interoperability across Web3, including between NEAR and the Ethereum ecosystem
LISBON, Portugal, Nov. 8, 2023 /PRNewswire/ —NEAR Foundation, the non-profit that supports the growth and development of the NEAR ecosystem, and Polygon Labs, a software development company for leading Ethereum Layer 2 scaling architecture, announce a strategic collaboration to build zkWASM, a zero-knowledge (ZK) prover for WASM blockchains. With Polygon Labs’ authority in ZK scaling technology and NEAR’s deep WASM runtime expertise, the zkWASM prover is positioned to lead the market among other wasm provers when it launches next year. Both teams shared the announcement today at the NEAR ecosystem’s annual flagship conference, NEARCON, in Lisbon.
This announcement brings together two leading protocol teams to build a more secure, interoperable Web3 ecosystem. A zkWASM prover positions NEAR Protocol closer to Ethereum and enables WASM chains to tap into Ethereum liquidity. In the future, through an in-development interoperability layer, chains will also be able to access shared liquidity in a unified ecosystem of CDK-deployed chains, including alternative layer-1s, EVM layer-2s, and WASM chains. Using a zkWASM prover, WASM chains will be able to settle transactions efficiently and cost-effectively with maximum security guarantees, unlocking the full potential of zero-knowledge for the multichain future of Web3.
“We are proud to collaborate with NEAR on this exciting research initiative to further drive the development and adoption of ZK technology. The zkWASM prover maximizes developer customizability, which means projects will be able to select from a number of provers when building with CDK, whether that’s launching or migrating an EVM chain, or building a WASM chain for closer Ethereum alignment and access to liquidity,” said Sandeep Nailwal, co-founder of Polygon.
A zkWASM prover will be an upgrade for NEAR validators–instead of the hard work of validating a shard, validators will instead be able to generate a single zero-knowledge proof, greatly simplifying validator requirements. This means better scalability and increased decentralization for the NEAR Protocol.
“We are very excited to work with Polygon Labs to bring all the benefits of zero-knowledge proofs not just to NEAR but all of Web3,” said Illia Polosukhin, co-founder of NEAR Protocol. “NEAR is integrating more with Ethereum by innovating in new research frontiers, and the shared expertise of NEAR and Polygon will expand the ZK landscape and defragment liquidity across chains. Creating and using the zkWASM prover will also improve the scalability and decentralization of the NEAR L1.”
The zkWASM prover is now in active development and is expected to launch next year.
About NEAR Foundation:
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.
About Polygon Labs:
Polygon Labs develops Ethereum scaling solutions for Polygon protocols. Polygon Labs engages with other ecosystem developers to help make available scalable, affordable, secure and sustainable blockchain infrastructure for web3. Polygon Labs has initially developed a growing suite of protocols for developers to gain easy access to major scaling solutions, including layer 2s (zero-knowledge rollups and optimistic rollups), sidechains, hybrid chains, app-specific chains, enterprise chains, and data availability protocols. Scaling solutions that Polygon Labs initially developed have seen widespread adoption with tens of thousands of decentralized apps, unique addresses exceeding 220.8 million, over 1.18 million smart contracts created and 2.48 billion total transactions processed since inception. The existing Polygon network is home for some of the biggest web3 projects, such as Aave, Uniswap, and OpenSea, and well-known enterprises, including Robinhood, Stripe and Adobe. Polygon Labs is carbon neutral with the goal of leading web3 in becoming carbon negative.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure transactions for dApps you develop, get started here.
Website | Twitter | Developer Twitter | Telegram | LinkedIn | Reddit | Discord | Instagram | Facebook
CONTACT:
Georgia Hanias
[email protected]
Photo – https://mma.prnewswire.com/media/2267120/polygon_social.jpg
Logo – https://mma.prnewswire.com/media/2039011/NEAR_logo_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/near-foundation-and-polygon-labs-join-forces-to-build-zero-knowledge-solution-for-wasm-chains-301978368.html
Welcome to Blocks & Headlines, your comprehensive daily briefing on the transformative world of blockchain. Today, we explore groundbreaking partnerships, economic innovations, and blockchain-powered initiatives redefining the future.
Sony Ventures Into Blockchain With New Identity Solutions
Sony has unveiled its latest blockchain-based digital identity solution designed to enhance privacy and security in the online space. This innovative system uses decentralized technology to manage digital credentials, making identity verification seamless and secure.
Sony’s venture reflects a broader trend among tech giants exploring blockchain’s potential to reshape data privacy and authentication systems.
Source: Sony Press Release
TRON’s Daily Revenue Skyrockets 119% in 2024
TRON has reported a staggering 119% increase in daily revenue, a testament to its innovative blockchain economic models. By leveraging smart contracts and a scalable infrastructure, TRON continues to attract developers and businesses seeking cost-efficient blockchain solutions.
This growth positions TRON as a leading player in the competitive blockchain ecosystem, setting benchmarks for others to follow.
Source: Bitcoin.com
MIGMIG Partners With XT.com to Bring Blockchain Rewards
MIGMIG, a blockchain gaming and rewards platform, has partnered with XT.com to expand its reach and user engagement. This collaboration aims to deliver unique blockchain-powered rewards while enhancing the gaming experience for users worldwide.
The partnership highlights the increasing intersection of blockchain technology and entertainment, opening new avenues for user interaction.
Source: Bitcoinist
Nano Labs Supports the Inaugural Presidential Crypto Ball
Nano Labs has announced a partnership with the Inaugural Presidential Crypto Ball, emphasizing its commitment to fostering blockchain awareness. This high-profile event aims to bridge the gap between blockchain innovators and policymakers, paving the way for broader adoption.
The initiative underscores the importance of collaboration between the blockchain community and governmental bodies to shape the future of digital assets.
Source: PR Newswire
Bybit Card Partners With EnTravel for Luxury Travel Perks
Bybit has teamed up with EnTravel to offer its cardholders exclusive discounts on luxury travel experiences. This partnership integrates blockchain-powered payment solutions with high-end travel services, providing users with unparalleled convenience and value.
The move exemplifies how blockchain technology can enhance traditional industries, offering innovative solutions tailored to modern consumer needs.
Source: PR Newswire
Key Insights and Industry Trends
- Decentralized Identity: Sony’s blockchain-based solution addresses growing concerns over online security and privacy.
- Economic Innovations: TRON’s revenue surge highlights the profitability of scalable blockchain networks.
- Gaming and Blockchain: Partnerships like MIGMIG and XT.com showcase the potential of blockchain in entertainment.
- Policy and Collaboration: Nano Labs’ involvement in the Crypto Ball underscores the importance of industry-government dialogue.
- Luxury Integration: Bybit and EnTravel demonstrate blockchain’s ability to enhance traditional services.
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Blockchain
Blocks & Headlines: Today in Blockchain (Vault Zero, Ethereum, DAMAC, Mantra, Cardano, FC Barcelona, ArmSwap)
Welcome to Blocks & Headlines, your comprehensive daily digest of the latest trends, innovations, and developments in blockchain technology. Today’s stories explore transformative partnerships, regulatory debates, and breakthroughs in decentralized finance and blockchain integration.
Vault Zero: Pioneering AI and Blockchain Synergy
Vault Zero is revolutionizing the tech landscape by integrating AI capabilities with blockchain innovation. The project focuses on creating decentralized ecosystems that leverage AI for enhanced decision-making, security, and scalability. This initiative addresses a growing demand for AI-driven blockchain solutions in sectors such as finance, healthcare, and supply chain management.
The announcement underscores the potential of combining AI and blockchain to address real-world challenges. By enabling data immutability and intelligent automation, Vault Zero is setting a new standard for tech convergence.
Source: Bitcoinist
Vitalik Buterin Warns Against Blockchain Censorship
Ethereum co-founder Vitalik Buterin has issued a cautionary note about the potential risks of blockchain censorship. Speaking on recent developments in transaction filtering, Buterin warned that regulatory pressures could lead to compromised decentralization. He emphasized the importance of community vigilance to ensure that blockchain networks remain open and resistant to manipulation.
This serves as a wake-up call for developers and users alike, highlighting the need to strike a balance between compliance and the foundational principles of decentralization.
Source: U.Today
Dubai’s DAMAC Enters $1 Billion Blockchain Partnership
Real estate developer DAMAC Properties has inked a $1 billion deal with blockchain platform Mantra. The partnership aims to tokenize real estate assets, allowing for greater transparency and liquidity in property investments. This marks a significant milestone in bridging traditional real estate markets with blockchain technology.
By leveraging blockchain for tokenization, DAMAC is enabling fractional ownership, thus broadening access to high-value properties. This initiative could pave the way for similar integrations in global real estate markets.
Source: Reuters
Cardano Teams Up with FC Barcelona
Cardano has partnered with FC Barcelona to empower fans through blockchain technology. The collaboration focuses on creating digital collectibles and fan engagement platforms. By leveraging Cardano’s blockchain infrastructure, the initiative aims to enhance fan experiences while maintaining sustainability and scalability.
This partnership reflects the growing intersection between sports and blockchain, where fan-centric solutions can drive adoption and innovation.
Source: Bitcoin.com
ArmSwap Launches Its DeFi Platform
Decentralized finance (DeFi) continues to thrive with the launch of ArmSwap’s new platform. ArmSwap offers advanced features like yield farming, liquidity pooling, and cross-chain compatibility. Designed to attract both retail and institutional investors, the platform emphasizes security and user-friendly interfaces.
ArmSwap’s entry into the DeFi space highlights the sector’s dynamism and the ongoing efforts to make decentralized finance accessible to a broader audience.
Source: PR Newswire
Industry Insights and Emerging Trends
The blockchain landscape continues to evolve, characterized by groundbreaking innovations and collaborations. Key trends include:
- AI-Blockchain Convergence: Projects like Vault Zero exemplify the synergy between artificial intelligence and blockchain.
- Decentralization Challenges: Vitalik Buterin’s warning highlights the need to safeguard against blockchain censorship.
- Tokenization in Real Estate: DAMAC’s partnership with Mantra showcases the transformative potential of asset tokenization.
- Blockchain in Sports: Cardano’s collaboration with FC Barcelona underscores blockchain’s growing role in fan engagement.
- DeFi Expansion: Platforms like ArmSwap are setting new benchmarks for decentralized finance.
The post Blocks & Headlines: Today in Blockchain (Vault Zero, Ethereum, DAMAC, Mantra, Cardano, FC Barcelona, ArmSwap) appeared first on News, Events, Advertising Options.
SINGAPORE, Jan. 14, 2025 /PRNewswire/ — JuCoin (jucoin.com), a prominent centralized cryptocurrency exchange established in 2013, quickly rose to become the largest digital asset exchange in East Asia within just two years. With its eyes set on reclaiming market dominance by 2025, JuCoin is embarking on a series of strategic initiatives, including assembling new teams and expanding its ecosystem into areas such as blockchain development, innovative technologies, and hosting industry summits.
To address evolving market demands, JuCoin is intensifying its global efforts, broadening its reach to emerging cryptocurrency markets and user groups. JuCoin aims to reinforce its pivotal role in the cryptocurrency space by enhancing its ecosystem and adapting to new market trends.
JuCoin’s Ecosystem Innovations
At the core of JuCoin’s ecosystem is JuChain, an independent and permissionless public blockchain poised for launch. JuChain allows developers to build decentralized applications (dApps) and issue assets, including fungible tokens (FTs) and non-fungible tokens (NFTs). With interoperability across other Layer 1 (L1) chains, JuChain facilitates multi-currency transfers through oracles and cross-chain bridges, making asset interoperability seamless.
JuChain is designed to integrate deeply with JuCoin’s trading platform, bridging decentralized and centralized financial systems. This integration will drive advancements in decentralized finance (DeFi) and PayFi, positioning JuCoin as a pioneer in the convergence of traditional and decentralized financial technologies.
Complementing JuChain is JuOne, the world’s first Web3 AI-powered cryptocurrency smartphone. JuOne combines top Web3 features, AI-driven intelligence, and a 5G IoT network. By seamlessly integrating with JuChain, JuOne aims to enhance asset security and execution efficiency, offering users a faster, more reliable experience in managing digital assets.
JuCoin Labs: Driving Innovation
JuCoin Labs serves as the innovation hub of the JuCoin ecosystem, focusing on blockchain research and supporting emerging Web3 projects. Through global resources, strategic partnerships, and connections to investors and advisors, JuCoin Labs empowers entrepreneurs to build robust Web3 companies.
A $100 million Web3 venture capital fund, with an initial allocation of $10 million, is now open for applications. This fund targets projects in blockchain infrastructure, Layer 2 solutions, DeFi, Web3, NFTs, and Metaverse. Entrepreneurs can apply and learn more at JuCoin Labs.
Industry Summits and Community Engagement
As part of its expansion strategy, JuCoin is organizing industry-leading summits to bring together blockchain innovators, cryptocurrency enthusiasts, and industry leaders. These events aim to foster collaboration and explore the future of the cryptocurrency industry.
To strengthen its user base, JuCoin is rolling out a global partnership program to work with regional and international partners, promoting blockchain development and creating a more inclusive cryptocurrency environment. By prioritizing user feedback, JuCoin ensures its platform evolves in alignment with community needs.
Looking Ahead: JuCoin’s 2025 Vision
JuCoin’s growth strategy revolves around enhancing the user experience, strengthening security and compliance, and accelerating globalization. By 2025, JuCoin cryptocurrency exchange plans to introduce innovative features such as:
- The Token Generation Event (TGE) of its platform token, JUCoin.
- Advanced social features to enhance community interactions.
- The launch of JuChain and new CeDeFi functionalities.
- Cutting edge Social-Fi dApp for Web3 community, JuChat.
- A Launchpad initiative to support new blockchain projects.
These efforts, coupled with user rewards, referral programs, and offline events, aim to build a more engaged and participatory community. JuCoin is committed to standing out in a competitive market by offering a comprehensive ecosystem that extends beyond traditional trading.
About JuCoin
JuCoin is a leading centralized cryptocurrency exchange (CEX) known for its innovation and user-friendly platform. Today, JuCoin is evolving into a robust digital ecosystem that integrates blockchain development, cutting-edge mobile technology, and a vibrant global community, redefining the future of cryptocurrency.
For more information, visit jucoin.com and follow JuCoin on social media:
Twitter: https://x.com/Jucoinex
Telegram: https://t.me/jucoinex
Photo – https://mma.prnewswire.com/media/2597506/JuCoin_s_Ecosystem.jpg
View original content:https://www.prnewswire.co.uk/news-releases/revolutionizing-crypto-how-jucoin-plans-to-reclaim-its-market-throne-302350493.html
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