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
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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
Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
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Blockchain
CoreNest Capital Announces Strategic Investments in SpaceX, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, and Study Dojo
OpenAI, xAI, SpaceX, Weave Robotics, Blaze Payments, Domu AI, Phonely AI, Andromeda Surgical, Texture Capital, Artisan AI, Piramidal,Avatar Medical, OpenCall, Fleak AI, Algorized, itsElectric, Dili, CTGT, Open Clinic, Asha Health, CollectWise, Curo, Hybrd, Study Dojo, Sologenic, Coreum, Pulsara
Blockchain
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