Blockchain
Partnership Announcement: Oraichain X DoraHacks
Singapore, Singapore–(Newsfile Corp. – March 23, 2023) – Oraichain is partnering with DoraHacks to advance the adoption of its Layer 1 ecosystem for AI and Data Economy. Over the coming months, the teams will work together on a number of initiatives to support the next generation of AI + blockchain innovations, including AI-enhanced dApps, AI Oracles, and key infrastructure.
Image source: Oraichain
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DoraHacks is a global hacker movement and the world’s most active multi-chain Web3 developer incentive platform. More than 3,000 projects from the DoraHacks community have received over $30 million in grants and hackathon prizes. DoraHacks has around 250,000 active users worldwide, with the platform offering hackathons, bounty, quadratic funding, privacy voting, and other resourceful community governance/funding toolkits. Oraichain is proud to partner with DoraHacks to attract talent and support new projects on the network, joining the ranks of 80+ major Web3 ecosystems currently using Dora infrastructures to successfully fund their open-source communities.
Oraichain’s IBC-enabled Layer 1 provides a complete infrastructure for an open data economy, providing tools for data scientists to structure data, train, test, and publish models to Oraichain’s AI Oracle and monetize with maximum transparency and inclusivity. With this partnership, both teams aim to foster innovations in blockchain and AI, leading to the creation of AI-enhanced dApps on Oraichain and AI Oracle services compatible with smart contracts on many networks.
To advance the adoption of this AI Layer 1 for the data economy, Oraichain and DoraHacks will work together to accomplish the following:
Co-Hosted Hackathons
Leveraging DoraHacks’ developer community and platform traffic, the core goal of this partnership is to promote Oraichain’s ecosystem, tech stack, and toolkits to a wider audience, attracting BUIDLers from every corner of the world to innovate AI + blockchain use cases. DoraHacks will lend its expertise to organize virtual and in-person hackathon events, workshops, and demo sessions with the goal of creating a rich and rewarding experience for all participants. In addition, both teams will work together to identify synergies with other major ecosystems, building relationships that can further expand Oraichain’s impact within the broader blockchain space.
Planning for the first co-hosted hackathon is currently underway. Details regarding the date/time, registration, judges, and prize pool will be announced in the near future. The teams look forward to this event with great anticipation, excited to recognize and reward the most promising innovations in AI x Web3. Stay tuned.
DoraHacks Node
In addition to providing support for upcoming hackathons, DoraHacks will also join Oraichain Mainnet as a validator, actively participating to secure the network. This action reinforces long-term commitment and mutual confidence for both parties, and to support, the Oraichain Foundation will initially delegate 50,000 ORAI to bootstrap DoraHacks’ node.
Join the Community
This is a very exciting time for the Oraichain ecosystem. The team looks forward to welcoming hundreds of new developers and projects over the coming year, working with DoraHacks to streamline onboarding and fund promising use cases. As the relationship deepens, both projects are committed to exploring the many ways DoraHacks and Oraichain can work together to support talented developers. Parties interested in learning more about Oraichain and exploring AI x Web3 technologies, are invited to join the community.
About DoraHacks
DoraHacks is a global hackathon organizer and one of the world’s most active multi-chain Web3 developer platforms. It creates a global hacker movement and provides crypto-native toolkits to help developers around the world team up and fund their ideas and BUIDLs via hackathons, bounties, grants, grant DAOs, and public good staking. By far, more than 4,000 projects from the DoraHacks community have received over $30 million in grants and other forms of contributions from supporters worldwide. A large number of open-source communities, DAOs, and more than 40 major blockchain ecosystems are actively using Dora’s infrastructure (DoraHacks.io) for open-source funding and community governance.
Website| Twitter|Telegram|Discord |Binance Live|Youtube|LinkedIn
About Oraichain
Oraichain is the world’s first AI-powered oracle and ecosystem for blockchains. Beyond data oracles, Oraichain aims to become the first AI Layer 1 in the Blockchain sphere with a complete AI ecosystem, serving as a foundational layer for the creation of a new generation of smart contracts and Dapps. With AI as the cornerstone, Oraichain has developed many essential and innovative products and services including AI price feeds, fully on-chain VRF, Data Hub, AI Marketplace with 100+ AI APIs, AI-based NFT generation and NFT copyright protection, Royalty Protocol, AI-powered Yield Aggregator Platform, and Cosmwasm IDE.
Oraichain | Telegram | Twitter | YouTube | Discord | GitHub | Medium | Commonwealth
Contact:
Name: Duc Tran
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/158664
Blockchain
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution
Blockchain
Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them
![ethereum-etfs-aren’t-blockchain-but-is-a-revolutionary-tech:-top-6-amazing-reasons-to-invest-in-them](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51834-ethereum-etfs-arent-blockchain-but-is-a-revolutionary-tech-top-6-amazing-reasons-to-invest-in-them.png)
The financial landscape is rapidly evolving, with the integration of blockchain technology and cryptocurrencies becoming more prominent. Among these, Ethereum ETFs (Exchange-Traded Funds) have emerged as a significant investment vehicle, offering exposure to the Ethereum blockchain’s native cryptocurrency, Ether (ETH), without requiring direct ownership. However, it’s crucial to understand that Ethereum ETFs are distinct from the blockchain itself and serve different purposes in the investment world.
Understanding Ethereum and ETFs
Ethereum: A decentralized platform that enables the creation and execution of smart contracts and decentralized applications (dApps). It operates using its cryptocurrency, Ether (ETH), which fuels the network.
ETF (Exchange-Traded Fund): A type of investment fund that holds a collection of assets and is traded on stock exchanges. ETFs can include various asset classes, such as stocks, commodities, or bonds.
Ethereum ETFs: The Intersection of Traditional Finance and Cryptocurrency
An Ethereum ETF provides a way for investors to gain exposure to the price movements of Ether without directly purchasing the cryptocurrency. This is achieved through an ETF structure, where the fund holds assets linked to the value of Ether, and investors can buy shares of the ETF on traditional stock exchanges.
Key Features of Ethereum ETFs:
- Indirect Exposure: Investors gain exposure to Ether’s price changes without needing to manage or store the cryptocurrency themselves.
- Regulatory Compliance: Unlike the relatively unregulated cryptocurrency market, ETFs operate under the oversight of financial regulators, offering a layer of investor protection.
- Accessibility: Ethereum ETFs are available through traditional brokerage platforms, making them accessible to a broader range of investors.
Why Invest in an Ethereum ETF?
- Diversification: Including an Ethereum ETF in a portfolio can provide exposure to the cryptocurrency market, potentially enhancing diversification beyond traditional assets.
- Convenience and Familiarity: ETFs are a familiar investment product, simplifying the process of investing in cryptocurrencies.
- Professional Management: ETF managers handle the investment decisions, including the buying and selling of assets, which can be advantageous for those less familiar with the cryptocurrency space.
- Regulatory Oversight: ETFs are subject to regulatory scrutiny, potentially offering more safety and transparency compared to direct cryptocurrency investments.
- Potential for Growth: As the cryptocurrency market grows, ETFs linked to assets like Ether may benefit from rising prices.
Key Differences Between Ethereum and Ethereum ETFs
While both are related to the Ethereum blockchain, Ethereum itself and Ethereum ETFs represent different forms of investment:
- Ethereum (ETH):
- Direct ownership of the cryptocurrency.
- Full exposure to Ethereum’s features, including staking and network participation.
- Traded on cryptocurrency exchanges.
- Highly volatile and largely unregulated.
- Ethereum ETF:
- Indirect exposure through shares representing Ether’s value.
- Traded on traditional stock exchanges under regulatory oversight.
- Offers a more stable and familiar investment structure.
- Typically lower volatility compared to direct cryptocurrency ownership.
Future Considerations for Ethereum ETFs
The approval and launch of Ethereum ETFs mark a significant milestone in bringing cryptocurrencies closer to mainstream finance. They offer a convenient and regulated means for investors to gain exposure to the growing digital assets market. However, they also come with limitations, such as not allowing direct participation in the Ethereum ecosystem’s innovations, like dApps and smart contracts.
As the market evolves, we may see more sophisticated financial products that better capture the full potential of the Ethereum ecosystem. For now, Ethereum ETFs provide a balanced option for those interested in cryptocurrency exposure within the framework of traditional finance.
In conclusion, while Ethereum ETFs offer a gateway into the world of digital assets, they should be viewed as complementary to, rather than a replacement for, direct investment in the underlying blockchain technologies. Investors should carefully consider their investment goals, risk tolerance, and the unique attributes of both Ethereum and Ethereum ETFs when making investment decisions.
Source: blockchainmagazine.net
The post Ethereum ETFs Aren’t Blockchain But Is A Revolutionary Tech: Top 6 Amazing Reasons To Invest In Them appeared first on HIPTHER Alerts.
Blockchain
Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance
![nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance](https://theblockchainexaminer.com/wp-content/uploads/2024/07/51836-nexo-reaffirms-commitment-to-data-protection-with-soc-3-and-soc-2-compliance.png)
Nexo, a leading institution in the digital assets industry, has reinforced its commitment to data security by renewing its SOC 2 Type 2 audit and attaining a new SOC 3 Type 2 assessment without any exceptions. This rigorous audit process, conducted by A-LIGN, a respected independent auditor specializing in security compliance, confirms Nexo’s adherence to stringent Trust Service Criteria for Security and Confidentiality.
Key Achievements and Certifications
- SOC 2 and SOC 3 Compliance:
- SOC 2 Type 2: This audit evaluates and reports on the effectiveness of an organization’s controls over data security, particularly focusing on the confidentiality, integrity, and availability of systems and data.
- SOC 3 Type 2: This public-facing report provides a summary of SOC 2 findings, offering assurance to customers and stakeholders about the robustness of Nexo’s data security practices.
- Additional Trust Service Criteria:
- Nexo expanded the scope of these audits to include Confidentiality, showcasing a deep commitment to protecting user data.
- Security Certifications:
- The company also adheres to the CCSS Level 3 Cryptocurrency Security Standard, and holds ISO 27001, ISO 27017, and ISO 27018 certifications, awarded by RINA. These certifications are benchmarks for security management and data privacy.
- CSA STAR Level 1 Certification:
- This certification demonstrates Nexo’s adherence to best practices in cloud security, further solidifying its position as a trusted partner in the digital assets sector.
Impact on Customers and Industry Standards
Nexo’s rigorous approach to data protection and compliance sets a high standard in the digital assets industry. By achieving these certifications, Nexo provides its over 7 million users across more than 200 jurisdictions with confidence in the security of their data. These achievements not only emphasize the company’s dedication to maintaining top-tier security standards but also highlight its proactive stance in fostering trust and transparency in digital asset management.
Nexo’s Broader Mission
As a premier institution for digital assets, Nexo offers a comprehensive suite of services, including advanced trading solutions, liquidity aggregation, and tax-efficient credit lines backed by digital assets. Since its inception, the company has processed over $130 billion, showcasing its significant impact and reliability in the global market.
In summary, Nexo’s successful completion of SOC 2 and SOC 3 audits, along with its comprehensive suite of certifications, underscores its commitment to the highest standards of data security and operational integrity. This dedication positions Nexo as a leader in the digital assets space, offering unparalleled security and peace of mind to its users.
Source: blockchainreporter.net
The post Nexo Reaffirms Commitment to Data Protection with SOC 3 and SOC 2 Compliance appeared first on HIPTHER Alerts.
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