Blockchain Press Releases
Built on Base, Unite Launches L3 Testnet for Mass-Market Mobile Gaming in Collaboration with Syndicate
- Built on Coinbase’s Layer-2 blockchain, Base, and OP Stack, Unite unveils its L3 Alpha Testnet as the first milestone to kick off the development of its main scaling solution.
- The Alpha Testnet allows Unite to start testing SDKs in its mobile games to connect to the L3.
- Syndicate is supporting Unite with the development of its L3 chain.
SINGAPORE, June 25, 2024 /PRNewswire/ — Unite, a Singapore based mass-market onchain mobile gaming infrastructure solution, announces the launch of its L3 blockchain Alpha Testnet. Built on Coinbase’s Layer-2 blockchain, Base, and OP Stack, Alpha Testnet is a pivotal component of Unite’s L3 chain solution, designed to support the large-scale onboarding of mobile games and users onchain.
Backed by Coinbase Ventures, OKX ventures, Solana Ventures, Superlayer, and other investors, Unite is transforming the onchain gaming landscape into a scalable, user and developer-friendly environment that fosters sustainable growth through its end-to-end solution.
The Unite L3 Alpha Testnet is the first piece of this comprehensive solution. It kicks off the development of Unite’s main scaling strategy. The Testnet allows Unite to start testing its existing live mobile games (available on Apple and Google app stores) SDKs to connect to the L3. Also, building on top of technology provided by Syndicate, Unite’s solutions will support the relaying of state data across chains as well as the offchain to onchain data transmission, gasless onboarding and gaming experiences, and more.
“This is the first step in using the testnet on Base and OP stack rollups to power the smart contracts of the Unite games natively on the L3. It allows us to build the main scaling solution for large-scale users. Leveraging the foundation of Base and technology from Syndicate, the Unite L3 chain solution is off to a great start, however the overall gaming infrastructure cannot be built without the support of the community, which we will continue to engage with” said Mike Li, Head of technology at Unite.
Built on the leading Ethereum Layer-2 blockchain network Base, Unite L3 chain would significantly benefit from Base’s scalable optimistic rollup technology, easy development compatible with EVM and low transaction cost. Base provided a concrete foundation for Unite to further scale and integrate its L3 into the full package offer, which includes Unite Oracle Nodes, Mobile Game Service SDKs, Mobile Wallet SDKs, and its mobile decentralized physical infrastructure (DePin).
“We’re excited Unite is launching Alpha Testnet on Base and expanding the potential of the mobile gaming economy. Base gives builders an avenue to easily create and do more onchain, and Unite is on the forefront of enabling the gaming industry to deliver onchain benefits to consumers,” said Jesse Pollak, Creator of Base.
The Unite L3 chain strategy from economics to implementation has been developed with the expertise of Syndicate, the infrastructure company behind L3 chains such as Degen Chain, Ham Chain, Gold Chain, and more. The Unite team and Syndicate are working together to continuously and regularly release updates of the Testnet. The future beta version of the Testnet will feature early versions of state-of-the-art sequencer technology along with Unite Oracle Nodes for the mobile gaming infrastructure.
“We’re excited to be partnering with Unite on the future of onchain mobile gaming. Unite’s L3, combined with its veteran team, mobile games SDKs, and Syndicate’s next-generation L3 infrastructure, represents the future for how Ethereum will scale and onboard millions of players onchain in the coming years,” said Ian Lee, Co-Founder of Syndicate.
Find out more about Unite Alpha Testnet from its explorer:
About Unite
Unite is on a mission to build the first Layer 3 blockchain solution for mass-market mobile games, targeting the 2.8 billion players and the $90 billion revenue generated from the mobile game market. Focused on enhancing player experience with in-game earning capabilities, Unite offers a comprehensive L3 solution encompassing chain, client, ecosystem and establishing a decentralized physical infrastructure (DePin) built on billions of daily active mobile devices worldwide.
Founded by veterans in mobile, gaming and onchain infrastructure who served as founders and executives of some of the biggest names, Unite is leading the innovation to the mobile games.
For more information, visit Unite’s official website, follow us on X, and join the Unite Discord community.
About Syndicate
Syndicate provides developers, platforms, and communities with the tools and infrastructure to build powerful onchain products, experiences, and economies at scale. Backed by Andresseen Horowitz, IDEO, Electric Capital, Variant, Coinbase, Kleiner Perkins, and more, learn more about Syndicate by following @syndicateio on X or @syndicate on Farcaster, or at syndicate.io.
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Blockchain Press Releases
Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report
DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.
With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.
Key Findings:
BTC Options Expirations:
In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.
ETH Options: Calls Dominate
Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side.
Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)
#Bybit / #BybitResearch
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 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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NICOSIA, Cyprus, Dec. 26, 2024 /PRNewswire/ — BC.GAME has launched its latest slot game, Wukong, inspired by the highly acclaimed Black Myth: Wukong, a groundbreaking AAA game that has captivated players worldwide. Officially released on December 24, this 6-reel, 5-row slot game allows players to experience the essence of Wukong’s legendary journey while aiming for rewards of up to 10,000 times their bet.
The game incorporates iconic symbols and elements from Black Myth: Wukong, such as the Ruyi staff, gourd bottles, and treasure pearls, designed to recreate the mythical atmosphere of the original story. The addition of the Sticky Symbols feature enhances gameplay by keeping special symbols locked in place during free spins, significantly increasing the chances of winning and unlocking larger rewards.
Dark Visual Design and Storytelling Behind Wukong
The visual design of Wukong draws from traditional Chinese art styles, blending elements from Journey to the West. The reels are filled with recognizable symbols like the Ruyi staff, gourd bottles, and treasure pearls. These symbols immerse players in the mythical world of the story, faithfully recreating key moments from the novel, such as Sun Wukong’s havoc in Heaven and his encounters with the White Bone Demon.
The game’s background is rooted in Journey to the West, where Sun Wukong embarks on a journey with the monk Tang Seng and his companions to obtain sacred scriptures. Each detail of the game is carefully crafted to bring this legendary tale to life, offering a unique gaming experience and a tribute to Chinese culture and mythology.
Key Features of the Wukong Slot Game:
Free Spins and Bonus Opportunities: Triggering free spins unlocks additional reward mechanisms, increasing the chances of landing big wins.
Sticky Symbols Feature: Special symbols remain in place during free spins, greatly enhancing winning potential.
Up to 10,000x Max Win: The game offers a maximum payout of up to 10,000 times the bet, providing significant winning opportunities.
“Wukong is not just about spinning reels; it’s about experiencing a rich part of Chinese culture. We’ve worked hard to ensure the game is stunning and fun and engaging for players, with layers of features that add excitement. We’re proud to offer a game that blends storytelling with gameplay, and we think players will love the journey through Wukong’s legendary world,” Jack Dorset, CEO of BC.GAME said.
About BC.GAME
BC.GAME is a leading online gaming platform that integrates blockchain technology and cryptocurrency into its casino games, by offering a secure, transparent, and decentralized experience, BC.GAME allows players to enjoy a variety of gaming options, including slots, table games, and live casino offerings. The platform is dedicated to providing players with exciting, fair, and innovative ways to engage with the world of gaming. citing, fair, and innovative ways to engage with the world of gaming.
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Blockchain Press Releases
WSPN Appoints Former EY Global Chief Innovation Officer Jeff Wong as Independent Director
SINGAPORE, Dec. 26, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN), a leading stablecoin infrastructure company, announces the appointment of Jeff Wong as Independent Director. Mr. Wong brings over 25 years of experience in technology innovation and enterprise transformation to WSPN. He most recently served as EY’s Global Chief Innovation Officer from 2015 to 2024, where he spearheaded the firm’s global innovation initiatives and established EY’s advanced technology labs focusing on Artificial Intelligence, Blockchain, Quantum Computing, and Web3.
Prior to EY, Mr. Wong held leadership roles at eBay and JPMorgan Partners. He is a member of the Council on Foreign Relations, the Forbes Technology Council, and the founding Chair of Asia Society’s Technology and Innovation Council, helping drive the innovation and transformation agenda. He was also a member of the World Economic Forum’s Global Future Council on Innovation Ecosystems. He has previously served on the Oxford Foundry Board at Oxford University and the Advisory Board for AI4All. Mr. Wong is a recipient of the Outstanding 50 Asian Americans in Business award and an honoree of the A100 List by Gold House, recognizing individuals with Asian Pacific heritage who have made a significant impact on American culture and society.
“Joining WSPN at this pivotal moment in the stablecoin industry is incredibly exciting,” said Mr. Wong. “I look forward to contributing my experience in emerging technologies and enterprise transformation to help WSPN build the next generation of digital payment infrastructure.”
“Jeff’s appointment represents a significant strategic addition to WSPN,” said Raymond Yuan, Founder and CEO of WSPN. “His deep expertise in innovation management, enterprise transformation, and emerging technologies, combined with his leadership experience at global institutions, will be invaluable as we accelerate our market expansion and global development.”
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN’s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
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