Blockchain
Leading Multi-asset Investment Fund Woodstock to Operate Oracle Node on BandChain
Woodstock Fund, a specialized multi-asset investment fund focused on early and growth-stage Distributed Ledger Technology (DLT) startups and blockchain projects, today announced that they will operate a delegated-proof-of-stake node for Band Protocol’s decentralized oracle network.
Blockchains and decentralized applications are unable to communicate outside their native network and require an Oracle, a data layer for Web 3.0 applications, to do so. Band Protocol enables smart contracts to securely connect to external data sources and APIs in a reliable and decentralized manner, powering applications ranging from decentralized finance protocols such as lending and stablecoins to prediction markets and also gaming platforms.
Himanshu Yadav, Co-founder and Managing Partner, Woodstock Fund, said, “We are excited that Woodstock will be the first India focused BandChain validator node that will power the data layer for our investment portfolio and other public decentralized networks and applications.”
“Alongside a portfolio of leading blockchain projects such as Elrond, Holo, Marlin Protocol, Casper Labs – Woodstock has been a long-term supporter of Band Protocol as a private investor and strategic partner to help expand its global footprint, especially into the rapidly growing Indian blockchain ecosystem. Band token has also been recently listed on one of the largest Indian exchanges WazirX,” he added.
“Woodstock operating a validator node on BandChain will allow the Indian and global community to contribute to the BandChain decentralize oracle network under a trusted and reliable entity,” said Band Protocol CEO Soravis Srinawakoon. “This will open the doors to a truly global permissionless data layer that supports all blockchain applications and smart contract platforms.”
On June 10, 2020, Band Protocol released BandChain, an independent blockchain with cross-chain compatibility that is built specifically for oracle computations and to accommodate user-defined requests in a scalable manner and in real-time. Anyone can use Band Protocol to create a fine-tuned decentralized oracle that queries data in a permissionless environment from any Web 2.0 APIs and sends it to smart contracts in a verifiable yet secure manner.
The decentralized oracle network is operated by validators who retrieve data from specified sources and aggregate them into a deterministic, single value for smart contract usage. Secured by delegated-proof-of-stake, validators, who are chosen to fulfil data requests based on stake-weight, are required to stake or lock-up BAND tokens in order to contribute to the curation of data in return for a portion of data request fees and inflationary revenue for producing blocks on BandChain.
With the exponential growth of decentralized finance, reliable oracle solutions such as Band Protocol are critically important to ensure that the millions of dollars locked up in protocols are secured. Similarly to Chainlink, it will be interesting to see how Band will grow alongside the ever-growing world of decentralized finance and smart contract platforms.
Blockchain
Revolutionizing Fintech: 6G Digital & Rune Nilsson’s FlexM Global in a Bold $12.5M Deal Shaking the Banking Industry
Blockchain
Teletubbies Digital Companions to Launch on the Tezos Blockchain
MetaPals, an AI digital companion platform, is partnering with WildBrain’s beloved Teletubbies to bring together cherished childhood memories and the innovative digital era with the launch of the Teletubbies AI digital companions on 20 April, 2024.
As Teletubbies commemorates its 27th anniversary on 31 March, the collaboration marks the beginning of an exciting array of renowned IPs joining the ‘MetaPals Multiverse’ in 2024. Through the use of AI and blockchain technology powered by Tezos, much loved Tinky Winky, Dipsy, Laa-Laa, Po, and even Noo-Noo have become personalized, evolving digital companions within the MetaPals browser extension game engine.
The Teletubbies characters integrate with users’ daily browsing experience that accompanies users across the web, offering both playful interactions and practical assistance. This technology not only brings these fun characters to life in new, interactive ways, but also helps to enhance the mental well-being of users by fostering a sense of companionship.
Each Teletubbies companion within the MetaPals Multiverse will exhibit unique personality traits, offering users a diverse and dynamic experience. With personalities distributed across 5000+ Teletubby companions along a spectrum, users are guaranteed a one-of-a-kind experience, ensuring enjoyment for all and opportunities to foster new connections with this nostalgic brand.
Max Giammario, CEO of MetaPals, said: “Through this collaboration we’re not just revisiting Teletubbyland, we’re reinventing it for the digital age. By weaving in AI and blockchain, we enable the Teletubbies characters to evolve, interact, and form unique bonds with users, embodying our vision of dynamic digital companionship. With a bit of ‘MetaPals magic’, the Teletubbies are exploring beyond the hills and far away, ready to play, in ways we’ve never imagined.”
Melissa Goodrich, Director, Franchise Strategy at WildBrain, said: “We’re excited to see our colorful quartet come to life in new ways through this unique digital experience for fans. As we celebrate 27 years of the perennially popular Teletubbies franchise, this latest collaboration encapsulates the essence of childhood nostalgia while embracing the limitless possibilities of the digital age.”
Jason Lim, TZ Apac Games Adoption Team for the Tezos Ecosystem, said: “MetaPals will be pioneering the convergence of iconic IPs such as Teletubbies with the limitless possibilities of the Tezos blockchain. I can’t wait to see the magic they are brewing up next.”
The post Teletubbies Digital Companions to Launch on the Tezos Blockchain appeared first on HIPTHER Alerts.
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