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KuCoin Announces Listing ThunderCore’s Native Token TT

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Leading crypto exchange KuCoin has announced that it has listed ThunderCore’s token (TT), the native cryptocurrency that powers the ThunderCore network – a high-performance layer-1 chain and burgeoning Web3 ecosystem.

Since launching in 2017, KuCoin has made inroads into over 200 countries, with over 600 coins available to buy, sell, and trade. The exchange attracts a large cross-section of traffic due to its low fees, wide selection, and interest-earning functions.

ThunderCore is an EVM-compatible public blockchain that seeks to balance speed and scalability with superior security. It was founded in 2017 by Chris Wang, a prominent Silicon Valley tech entrepreneur and former Google and Disney executive. The chain delivers sub-second confirmation times, ultra-low gas fees, and is one of the top 10 most used public blockchains, according to DappRadar.

With its own native wallet, TT Wallet, ThunderCore makes it easy for startups to outsource storage security functions to the blockchain’s core developer team. The company is committed to continually improving the wallet’s UI/UX design, streamlining various “fiat-in” options, and adding new features such as NFT functionality.

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ThunderCore’s aggressive expansion in 2022

The ThunderCore blockchain has made enormous strides not only in the development of its ecosystem, which now includes hundreds of projects and has reached over 400K daily active users at times, but also in terms of partnerships, technology, and adoption.

Since late 2021, ThunderCore has aggressively pursued new opportunities and achieved the following milestones:

  • In October 2021, ThunderCore initiated the Iris Hard Fork, which boosted its cross-chain capacities due to improvements in EVM compatibility. This helped the chain to become more appealing to projects aiming to scale.
  • In November 2021, they launched the $10M Developer Growth Fund, incentivizing a broad array of blockchain projects and developers to build on ThunderCore. Divided into multiple phases, the initiative has seen many companies receive grants, promotions, technical aid, and business consultations for on-chain projects.
  • In March 2022, of this year, the team partnered with innovative cross-chain aggregator XY Finance to enhance ThunderCore’s bridging capacities. XY Finance is a crypto exchange aggregator for the metaverse and DeFi.
  • In April 2022, the blockchain rebranded to better reflect the company’s identity as an all-encompassing platform aiming to revolutionize Web3 and onboard new users through mobile entertainment, thereby attracting many new partners and developers.
  • In July 2022, ThunderCore joined with leading cross-chain routing protocol Multichain to further boost bridging functionalities. Multichain is a dominant player in the cross-chain sector, with a daily volume of over $100 million.
  • An eclectic range of entertainment-facing DApps were rolled out throughout 2022, massively expanding the ThunderCore ecosystem, while a huge influx of new users helped the chain to gain sizable traction and network effect in dynamic new industry sectors. These include the NFT platform OurSong, VR SocialFi platform MomentX, GameFi offering Galaxy Blocks, and NFT/e-commerce pioneer RE:DREAMER.

ThunderCore Outlook

Given the proven background and deep expertise of its founder Chris Wang in the videogame industry (Chris previously sold his social gaming company Playdom to Disney for around $750 million), it’s no surprise that ThunderCore views entertainment as the secret gateway to onboard the next 1 billion users to Web3. The company has sought to attract legions of fun DApps, whether they be related to NFTs, GameFi, or the metaverse, by offering strong funding incentives and continually rolling out new features and partnership.

For the remainder of 2022, ThunderCore predicts there will be more projects onboarded through ThunderGene. This is likely to boost the daily active user totals over the half-a-million mark, according to the company.

ThunderGene tool to simplify Web2 to Web3 migration

Currently, the company is in the process of launching its newest product, the ThunderGene API tool. Made for its growing developer community, the team at ThunderCore makes it extraordinarily easy for Web2 programmers to make the jump to Web3. The API tool streamlines the process of creating coins and NFTs on ThunderCore as well as integrating DApps directly into TT Wallet.

With a long slate of projects set to take off in the fall and winter, ThunderCore expects the utility of TT is only at the beginning of its growth cycle.

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Blockchain

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

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Blockchain

Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)

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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.

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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.

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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

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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:

  1. Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
  2. Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
  3. Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
  4. Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
  5. 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.

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