Blockchain
SportX Rebrands To SX.Bet Amid Roadmap Update
Toronto, Ontario–(Newsfile Corp. – April 29, 2022) – The widespread crypto adoption, observed in the past couple of years, managed to get numerous projects off the ground. SportX launched in 2019 with an original belief that crypto adoption would accelerate, and crypto-based betting will, therefore, see massive upticks in demand.
The rapid growth of the crypto industry mandated that the two forming brands – the SportX betting platform and the SX Network, must be unified into one core brand, since the SX team has begun expanding its products beyond sports into new types of prediction markets – the SX brand.
SportX Rebrands To SX.Bet Amid Roadmap Update
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/8601/122003_0413279884f0fbff_001full.jpg
New framework
The way SportX evolved during the 30 months separating the new master plan from the old one, pushed the brand into consolidation. Furthermore, the crypto market growth brought more competitors and new challenges facing SX every day.
One of the key aspects of the new framework is expanding SX’s prediction markets by 20 times. This means access to over 500 different prediction markets settled per day across almost every sport as well as a number of crypto-native verticals. However, other competitors already reached 10,000+ prediction markets.
Another key aspect in the SX network is the enrolment towards crypto-native prediction markets like NFTs, DeFi, and governance decisions.
Also, SX has put a new goal towards the creation of an ecosystem of related DeFi and NFT applications. The answer is creating a sovereign blockchain, which could handle the transactions – the SX network.
Governance betting
The governance of decentralized protocols has always been a problem, but it also comes with a new way of participating in the crypto space. For instance, bettors can receive an incentive when they bet on value-additive proposals. However, bettors are also sanctioned when they bet on value-destroying ones.
The governance betting ensures that the community has some form of interest to bet on the global outcome of the proposal, as solving governance is one of the most pressing problems in the entire blockchain space. SX recently launched a similar product, recently, making governance markets betting something more than just an idea.
About SX Network
SX Network consists of three core interrelated platforms, pushing out a native prediction market protocol, consisting of the EVM-compatible blockchain built on Polygon Edge, the open-source smart contract protocol behind SX markets – SX protocol, and the blockchain prediction market application SX.bet.
SX also deployed a custom governance token – the SX token, which is used for paying transaction fees, used as the staking bond by validators, and to power governance. SX has a large staking community, with hundreds of SX holders. Finally, SX has a rapidly growing ecosystem of developers, with 25 different 3rd party teams building protocols and apps on SX Network.
Jake Hannah;
[email protected]
For more information, please visit SX Network website at:
https://sx.technology
Media Contact
Company Name: Cryptoken Media
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122003
bybit lucky
Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
-
Blockchain5 days agoBridging Innovation and Regulation: How Yellow Network is Transforming Non-Custodial Trading in a Pro-Crypto Future
-
Blockchain6 days ago
Prosper Adds 7,000 More ASIC Miners from BITMAIN To Drive Tokenization of Hashrate as Multichain RWA ; Targets 170MW Capacity With New Strategic Round
-
Blockchain Press Releases6 days agoHTX Ventures Identifies Five Rapidly-Growing Sectors in 2024, Expects Positive Crypto Regulations Driven by Trump Next Year
-
Blockchain6 days ago
Blocks & Headlines: Today in Blockchain (Reserve Bank of India (RBI), Aethir, Blockchain Center Abu Dhabi, Qubetics, )
-
Blockchain3 days ago
50,000+ Mined Coins and 100,000 New Users: EMCD Summarizes 2024
-
Blockchain6 days agoLoan Brokers Market Opportunities and Strategies Report to 2033 – Loan Brokers Market Poised for Strong Growth, Forecasted to Reach $947.9 Billion by 2033
-
Blockchain5 days agoBuilding Bridges in Crypto: Bybit Sparked Dialogues and Joined Industry Leaders at Bitcoin MENA
-
Blockchain3 days ago
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
