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Strategic Partnership Established with Pantera, IOSG, and Shima Capital – ViaBTC Capital Makes a Star Blockchain Investor

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Strategic Partnership Established with Pantera, IOSG, and Shima Capital – ViaBTC Capital Makes a Star Blockchain Investor

Joined Forces to Explore the Promising Future

 In August 2021, ViaBTC Capital formed a strategic partnership with Pantera, IOSG, Shima Capital, and other institutions to fuel blockchain innovation.

With the vision of “making the world a better place through blockchain”, the strategic alliance focuses on blockchain infrastructure to accelerate the development of the cryptocurrency field. By leveraging strengths, the alliance scouts for innovative budding projects with great prospects and helps aspiring teams to succeed. Funds and resources are provided to developers with bravery and creativity. Together with these developers, the alliance can explore a new path that satisfies the growing demand of users, enhance technical strength, and facilitate commercialization.

ViaBTC Capital has already worked with several investment institutions to support many potential projects in the very early stage. These projects include Qredo (institutional-grade infrastructure), Lunarcrush (media data aggregator), and Nabox (multi-chain WEB 3.0 wallet). Currently, ViaBTC Capital focuses investment on Web 3.0, Layer2, and DApp applications that combine DeFi, NFT and DAO. Through close cooperation with ViaBTC’s blockchain ecosystem, these projects can better grow their business, which, in turn, can nourish ViaBTC’s ecosystem, making a win-win situation.

Focus on development and win-win results to create a leading blockchain investment institution

ViaBTC Capital is a wholly-owned investment brand established by ViaBTC Group, a blockchain technology enterprise with 5 years’ experience in the blockchain field. Relying on ViaBTC Group’s abundant industry resources, gathering pools technology, talents, projects and capital in related industries around the world, and cooperating closely with Pantera, IOSG, and Shima Capital, ViaBTC Capital is believed to realize its journey toward a world-class blockchain investment institution.

Having engaged in the blockchain industry since its establishment in 2016, ViaBTC Group has set foot in every sector of the blockchain industry. ViaBTC Group is second to none in terms of the crypto business layout – its business includes ViaBTC Pool, the second largest mining pool in the world by hashrates, CoinEx Exchange, ViaWallet, and CoinEx Smart Chain, covering every aspect of blockchain industry from cryptocurrency issuance, circulation and valuation to the underlying technology.

ViaBTC will not only provide financial support but also offer a post-investment service by utilizing its industry resources accumulated for years. (eg. technology support, community promotion.) Backed by the strong international community of ViaBTC Group, ViaBTC Capital can be very helpful in marketing. ViaBTC has a strong relationship with top global investors, the invested projects are exposed to top venture capitals by our recommendation. Those projects even have opportunities of being listed on CoinEx Exchange. Mentioned resources and advantages are derived from the persistence and accumulation of ViaBTC over the years, and will also serve the ecosystem development of the entire blockchain industry as ViaBTC Capital grows. These efforts have vividly mirrored the long-standing commitment of ViaBTC Group to the blockchain vision–‘Faith drives the realization of the blockchain’. We are looking forward to meeting more like-minded friends and promote blockchain technology to a wider area.

Work together for an underlying infrastructure of the blockchain world

ViaBTC Capital’s strategic alliance partners are all veteran investment institution brands in the cryptocurrency industry.

Pantera Capital, a hedge fund founded in 2003 by Dan Morehead in Menlo Park, California, USA, provides investors with the full spectrum of exposure to the space, ranging from illiquid venture capital assets (including early-stage tokens and multi-stage venture capital equity) to more liquid assets like bitcoin and other cryptocurrencies.

IOSG Ventures, founded in 2017, is a community-friendly and research-driven early-stage venture firm across China, the US and Singapore. It focuses on open finance, Web 3.0 and infrastructure for a decentralized economy. Its portfolio covers many projects, including Layer 1 (NEAR, Polkadot, Cosmos), DeFi (1inch, Synthetix, UMA), with investment experience in 12 vertical industries.

Shima Capital is an early-stage global venture firm focused on supporting cutting-edge blockchain start-ups as well as a native blockchain investor with traditional VC experience. Its global team is based in California and abroad, and boasts keen insights into blockchain projects across the globe.

From now on, ViaBTC Capital will join forces with the three top mature investment institutions to provide high-quality blockchain projects with all-around solutions covering financing, technology, and resources. We will vigorously invest in the industry’s emerging start-ups and make full use of advantages including funds, technology, and the channel matrix, ViaBTC Capital will establish an investment ecosystem of quality, create a new strategic engine for the brand, enhance China’s position in blockchain investment, and make itself an accelerator for the innovation and development of the cryptocurrency industry.

 

Image by Anemone123 from Pixabay

 

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Smart Contracts Start Transferring ICP After Upgrade, Allowing Advanced DeFi To Be Developed On The Internet Computer

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Panther and BUMPER Protocol announce partnership to provide seamless DeFi user experience

Zurich, Switzerland, 29th November, 2021, Chainwire

  • Long-awaited upgrade has allowed smart contract code to transfer ICP tokens, after it was adopted by the Internet Computer community’s DAO, the Network Nervous System (NNS).
  • Community voted 309,936,205 (approve) to 20,561 (reject) on Proposal 31471.
  • Stage set for the development of a new generation of web speed and censorship resistant DeFi applications on the Internet Computer blockchain, which run without the need for cloud computing services
  • The Internet Computer is the only blockchain that runs under the complete control of a community DAO, called the Network Nervous System, which is able to continuously upgrade and evolve its protocols.

The DFINITY Foundation is today announcing that a proposed upgrade to expand support for all canister smart contracts to be able to hold and transfer ICP tokens has been adopted and is already live on the network. The community voted 309,936,205 (approve) to 20,561 (reject) on proposal 31471.

This long-awaited feature sets the stage for an explosion of advanced DeFi applications on the Internet Computer blockchain, by expanding support for all canister smart contracts to be able to hold and transfer ICP tokens.

Dominic Williams, Chief Scientist and Founder at DFINITY, says, “The Internet Computer blockchain is the only blockchain that truly scales, runs efficiently at web speed, and where smart contracts can serve web experiences directly to end users without the need for other services, such as cloud computing, which provides much stronger censorship resistance. Now the community has adopted this proposal, and the Network Nervous System DAO has upgraded the network, canister smart contracts on the Internet Computer have become able to hold and transfer ICP tokens for the first time, providing for the development of a new generation of DeFi, and the blending of DeFi with social media and games functionality in the form of SocialFi and GameFi, forging the path towards billions of end users.”

Legacy blockchains perform disruptive, divisive “hard forks” or require centralized coordination by its validators to upgrade their protocols. Due to Chain Key cryptography and breakthroughs in computer science, the Internet Computer is the only public blockchain that allows its community of token holders to vote on governance proposals, and the ICP protocol automatically upgrades itself via the Network Nervous System (NNS), a super-advanced DAO.

The ICP transferability upgrade has been eagerly awaited by Internet Computer developers. At a basic level, a dapp such as OpenChat, a decentralized version of WhatsApp, will soon be able to allow users to send ICP tokens to one another via instant messages. Because smart contracts on the Internet Computer run at web speed and can serve web experiences directly to users, this functionality  also heralds  the advent of decentralized exchanges that run entirely on a blockchain, without the need for cloud nodes to process trades or create the front-end for users. Imagine Uniswap running completely on-chain. A community developer recently unveiled a Uniswap front end on the Internet Computer, showing how conventional DeFi solutions can fully run on blockchain technology.

Mike Schwartz, Co-Founder at ORIGYN Foundation, a digital certification and authentication platform, recently valued at $300m with backers Paris Hilton and Bill Ackman, said, “The Internet Computer is the world’s fastest public blockchain at 250,000 queries per second and 11,500 transactions per second, which is over 11 times faster than Solana. The ICP transferability upgrade has been a high priority feature needed by entrepreneurs and developers to activate DeFi, and after the community adopted the code, the Internet Computer automatically upgraded itself — no hard forks or disruptions to operations. The possibilities are endless when you combine the fastest blockchain with advanced DeFi capabilities. For ORIGYN, the Internet Computer’s advanced technology matches our massive ambitions and AI-based technology to authenticate every luxury good, art, and NFTs on a sovereign blockchain — and in doing so, eliminate counterfeiting as we know it.”

The execution of this feature is also an important step towards the implementation of dapp tokenization on the Internet Computer. An upgrade proposal for the critical Service Nervous System (SNS) feature is already under discussion within the community. DFINITY is also currently working on directly integrating the Internet Computer with the Bitcoin network, which will leverage the combined strength of Bitcoin as the world’s digital gold reserve and the Internet Computer as a platform for securely and efficiently executing smart contracts.

The Internet Computer has attracted thousands of developers, and hundreds of thousands of users of its dapps, within just a few months of its launch in May 2021.

Hundreds of projects are already up and running with users on the Internet Computer, including DeFi, DAOs, SocialFi, GameFi, and NFT projects.

This upgrade to allow canisters to transfer ICP is significant for the Internet Computer ecosystem because decentralized exchanges on the Internet Computer can now spin up liquidity pools to convert ICP to other Internet Computer-based tokens, and NFT projects can securely launch on their own websites — opposed to NFT marketplaces. The impact of this upgrade is enormous, and with these newfound advanced capabilities for DEXs and NFTs alone, I expect hundreds of new ways to invest ICP over the next few weeks,” said Bob Bodily, Chief Product Officer at Toniq Labs. “For Toniq Labs, the ICP transferability upgrade allows us to (1) perform secure NFT auctions on our Entrepot marketplace, (2) enable bidding on NFTs that aren’t even listed on our marketplace, and (3) release our NFT minting and marketplace APIs to enable developers to use our services in their own decentralized applications.”

This week, the Internet Computer blockchain surpassed 345M blocks, which have been added since mainnet launch less than 7 months ago. It also recently reached a record high of 28.13 blocks per second, by far the highest throughput in blockchain. While this number reflects how the Internet Computer has already scaled to provide vast capacity, throughput is expected to scale beyond 100 blocks per second early in 2022.

About the Internet Computer

The Internet Computer is the world’s most powerful general-purpose blockchain and Web3 platform. Its protocols apply advanced cryptography and computer science to scale smart contract data storage and computation without limit, host web-speed smart contracts that can directly serve web experiences to end users without the cloud, and run smart contracts with breakthrough levels of efficiency. For the first time, developers can create truly decentralized dapps and services that run entirely from the blockchain, and push into emerging areas such as SocialFi and GameFi, which blend social media and game functionality with DeFi, and build out the fully decentralized metaverse. The Internet Computer blockchain acts as a complete alternative technology stack, which has been designed to replace the centralized IT stack that is mostly controlled by Big Tech, and it can even be used to build secure and unstoppable websites and enterprise systems. It was incubated and launched by the DFINITY Foundation

DFINITY: Twitter Reddit YouTube GitHub Developer Center

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Two Metaverse Altcoins To Present Insane Growth From $1K To $100K

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Two Metaverse Altcoins To Present Insane Growth From $1K To $100K
  • The top two metaverse altcoins are REALM and LOA.
  • Realm is a cross-chain platform that operates on the open game engine Godot.
  • LOA is the free “play-to-earn” MOBA game in the market.

The entire crypto market witnesses many potential altcoins that will reach great heights in near future. Some crypto analysts predict the future of potential altcoins and mention them via social accounts to their followers. Likewise, a YouTuber named “Finance wizards” has mentioned two metaverse altcoins which will be 10x in near future.

As a matter of fact, Bitcoin and other mainstream cryptocurrencies are stepping back in their price value. According to the video, the top two metaverse altcoins are Realm and League of Ancients (LOA). These tokens will turn from $1K to $100K which seems to be the last chance for investors to invest.

REALM And LOA

The first project on the list is Realm which is a cross-chain community-driven platform that operates on the Godot game engine. Godot is an open-source, free, and cross-chain game engine that offers gamers complete control over the space they create. Moreover, the ecosystem aspires to reach unparalleled levels of player experience and independence.

The platform offers the realm of NFTs to players where they can customize and create NFTs with their own vision. As Realm uses ERC-20 which is on the Reef chain, it provides low-cost transactions for users. Thus the network allows players to bridge their tokens between different chains. Significantly, with the additive features and developments, the realm ecosystem ensures their higher visibility in near future with huge growth.

The second altcoin on the list is League Of Ancients (LOA) which is the first free-to-play “play-to-earn” MOBA game in the market. The token is NFT-based which aims to create a blockchain gaming history. The unique feature that LOA differs from other metaverse gaming platforms is, LOA allows players to convert rewards to real-world assets.

Additionally, the players can earn in-game currency after completing a normal or NFT match. Besides, the difference between normal matches and NFT matches is that the platforms offer more rewards for NFT matches. The rewards are also provided according to the type of skin that a player uses in the game. Consequently, LOA has more updates and advancements for their platform which would make them stronger. As of now, LOA is one of the strongest metaverse tokens in the market. Thus, with distinct traits from their ecosystems, these tokens have the potential to reach new heights in the near future.

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Vitalik Buterin Unveils Ethereum Scaling Roadmap!

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Ethereum Mainnet Still Preferred by Traders Despite High Gas Cost
  • The platform has reduced transaction call data.
  • The foundation, also set up to build an expanded sharding technique.

On Monday, the trading volume of Ethereum rose 15.82 percent, avoiding a severe negative trend. However, the whole crypto market has been steadily retracing prior highs. However, Ethereum’s inventor Vitalik Buterin warns that rollups may face scale and gas cost issues.

The top altcoin’s price fell in September because of the Chinese market volatility. Before the colossal leg up, the asset had a considerable potential of roughly $2900-3100. However, on November 15th, the ETH price rose steadily to $4700.11.

$5555 Price Level by December End

Moreover, the asset has corrected after the big surge. However, the asset has recently gained considerable support around the $4000 level. Eloquent, a crypto expert, forecasts Ethereum will reach $5555 by the end of December.

Vitalik Buterin, the co-founder of Ethereum, revealed a plan to grow the network and reduce transaction costs. New rollups might help the Ethereum network’s scalability issues and high transaction costs in the short, long, and medium-term.

The current rollups use call data. So, to improve rollup and reduce costs, the platform has reduced transaction call data. The foundation was also set up to build an expanded sharding technique to provide high security and protect trader data from future cyber-attacks.

ETH/USDT: Source: TradingView

Overall, the Ethereum price increase seems to be on track. If the asset follows the October trend pattern, it will easily reach the December objective of $5555. However, the foundation has planned multiple rollups to fix current issues, so feelings remain positive.

According to CoinMarketCap, the Ethereum price today is $4,425.89 USD with a 24-hour trading volume of $19,758,738,664 USD. Ethereum is up 8.53% in the last 24 hours.

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