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Blockchain

Ethanim CEO Takaaki Ansai: The Metaverse must be Fully Decentralized

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In a recent interview, Ethanim CEO Takaaki Ansai expressed his views on the development of the metaverse: “Many metaverse products or ecologies are still centralized, which could not be called real metaverse. Only the decentralized metaverse is safe, free and eternal, and that is the real metaverse.”

After years of development, the Internet industry has been in a difficult situation. The technological innovation is needed to enter a new round of growth. In 2021, the popularity of the metaverse concept gives people new hope. The new form of Internet, which brings together many new digital technologies, is leading a new wave of technological innovation. The metaverse concept application innovatively introduces a decentralized economic system based on blockchain. NFT becomes an important carrier of the whole system, which successfully bridges the virtual world and the real world. It makes the confirmation of assets and identity as well as circulation realizable possible.

“At present, although the metaverse concept application chain games in the market introduces a decentralized economic system, many chain games only make the digital assets or NFT assets on the chain. The chain game application itself is still deployed on centralized servers, which cannot avoid the situation of the user assets or game being manipulated by individuals or institutions.” Ethanim CEO Takaaki Ansai said, “Ethanim was born to solve the problem through trusted computing technology and innovative ecological logic. So that the whole of the application is on the chain. It helps the chain games implement decentralization to provide users with a real metaverse.”

It is understood that Ethanim is a new generation of public chains, which is a tailor-made metaverse to support the full decentralization of any large application. It uses an entirely new solution that is different from traditional blockchains. It creates a trusted execution environment and monitoring process for applications – RSM (Reliable State Machine). It places the nodes running applications within trusted constraints, regulates and monitors the code integrity and running state of applications, and ensures that the right applications are running in the right place.

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At the same time, Ethanim introduces validators to validate the consensus of the reliable state machine, which ensures the decentralization and security of the system. This validation will be very simple, efficient, and does not affect the system performance, so that there is no need for multi-node consensus on the computation results. It solves the problem of inefficient consensus on complex computation from the origin.

In addition, Ethanim not only makes the nodes trustworthy, but also clones real-time snapshots of the applications and stores them in a distributed manner. The users’ behavioral information, digital assets, and virtual identities will be eternal. Even if the application developer modifies the application rules or suspends the running of the application, any community user can restore the application to an arbitrary state at any time. Therefore, Ethanim has historically made the metaverse applications eternal.

Ethanim enables applications to be “eternal” and “decentralized” by making them “trustworthy at runtime” and “recoverable by anyone when shut down”. With this new application decentralization solution, Ethanim creatively support the decentralization of any large application for the first time. It will become a metaverse infrastructure and portal.

After the launch, Ethanim will focus on the techniques to publish the test network online as early as possible. At the same time, Ethanim also looks for partners to lay a foundation for the future ecology of the metaverse.

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Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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Blockchain

This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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