CryptoAdventure

OnFinality and Google Cloud Enhance Node Infrastructure and Data Analytics Support for Polkadot Parachain Builders

With support from the Polkadot treasury, OnFinality and Google Cloud to provide common good infrastructure to help parachains scale without excessive technical overhead

OnFinality and Google Cloud to help deliver blockchain analytics for developers in and beyond the Polkadot ecosystem

Singapore, Sept. 14, 2023 – Today at TOKEN2049, OnFinality and Google Cloud announced their support for two community-backed initiatives to empower developers to build, launch, and scale interconnected decentralized applications (dApps) on the Polkadot network. To advance the growth of emergent parachains and the overall maturity of the Polkadot ecosystem, the first initiative will reduce the complexity and cost associated with blockchain node infrastructure management while the second initiative will help power large-scale blockchain analytics capabilities.

Launched by Web3 Foundation in 2020 and now managed by its community via on-chain governance, Polkadot is a blockspace ecosystem uniting a network of interoperable, use-case specific blockchains called parachains (parallel chains). Polkadot facilitates secure cross-chain transfers of any data or asset, enabling the development of applications and services that span multiple parachains. Polkadot provides several benefits to Web3 innovators, including security, flexibility, efficiency, cost-effectiveness, and fast time-to-market.

Parachains are built using the modular and flexible Substrate framework, allowing developers to customize the components (e.g., network stack, consensus model, transaction format, governance method) best suited to the needs of their use case. This includes any Web3 use case, from decentralized finance (DeFi) applications to digital wallets, social media applications, gaming applications, Web3 infrastructure services, and much more.

OnFinality provides high performance public infrastructure for the Polkadot ecosystem Under the first initiative, OnFinality is providing enterprise-level blockchain infrastructure and tooling support that is funded by the Polkadot treasury and built on Google Cloud for all 40+ Polkadot parachains. With equitable funding from the treasury to cover common good infrastructure provided by OnFinality’s Ultimate API Service (i.e., provision of high performance Remote Procedure Call or RPC endpoints, including archive and trace nodes), developers can seamlessly create and connect their dApps on and across parachains without incurring excessive DevOps and infrastructure management overhead. In the immediate term, this helps promising yet emergent parachains to continue meeting the needs of their independent communities.

To ensure that this initiative is cost-efficient for the Polkadot treasury, OnFinality has selected Google Cloud as the primary cloud provider to power its Ultimate API Service. By hosting this service on Google Kubernetes Engine (GKE), OnFinality can leverage GKE’s serverless, dynamic autoscaling, distributed load balancing, and health monitoring capabilities to concurrently manage all 40+ parachain networks, keep up with constantly changing request volumes, and meet its service level targets of 99.99 percent uptime. GKE’s best-in-class autoscaling features, in particular, helps OnFinality optimize costs and pass on its savings to the Polkadot treasury.

In the longer term, OnFinality has proposed setting up a Parachain Infrastructure Bounty with more than 10 other solution providers to deliver provider-agnostic common good infrastructure for all active Polkadot parachains. The goal is to make the ecosystem more harmonious, unify processes and tools, speed up development progress, and help all new parachain teams kick-start their projects.

James Bayly, Chief Operating Officer, OnFinality, said: “OnFinality has been the trusted launch partner for more than 40 Polkadot parachains. As a result of the prolonged winter, many parachain teams have requested for help to cover the operating expenses of RPC endpoint services, which we’ve managed to provide at no cost to the best of our abilities. We’re humbled to now be entrusted with funding from the Polkadot treasury to support all parachains. This level of ecosystem support reaffirms Polkadot’s reputation as one of the most developer-friendly ecosystems and a top choice for appchain builders when deciding which layer 0 to build in. With Google Cloud proving to be the best option for running our full suite of services in a cost-optimized, automated, and highly reliable way, we look forward to making more contributions to Polkadot, such as providing RPC support for the upcoming Polkadot Data Alliance.”

Polkadot Data Alliance to deliver aggregated on-chain and cross-chain analytics Building on the first initiative, the second initiative involves establishing a Polkadot Data Alliance. This involves building and maintaining Dotlake, a scalable common data platform that democratizes access to on-chain and cross-chain analytics for data users in and beyond the Polkadot ecosystem. Powered by Google Cloud’s data management capabilities, such as Cloud Storage, BigQuery, Cloud Run, Cloud Functions, and Workflows, Dotlake will allow users to more easily and accurately assess the value, health, and potential of the Polkadot ecosystem and benchmark it against other ecosystems.

Third-party data experts have been enlisted from the community to facilitate and guide this initiative to ensure transparency, that engineering best practices are being applied, and that the initiative delivers high quality data solutions. OnFinality is leveraging the community’s complete support for the Polkadot network to provide the trace RPC API endpoints necessary to populate the data platform.

To facilitate all on-chain data from the Polkadot ecosystem becoming available for public consumption, a treasury-funded Polkadot Data Alliance Bounty has been set up to provide underrepresented and resource-limited parachains with Google Cloud’s secure data hosting infrastructure services and OnFinality’s universal data indexing support. To avoid redundancy and unnecessary costs, the alliance will also use existing data solutions—such as the Colorful Notion Substrate ETL project that has already indexed data from over 70 parachains—as well as open source data formats and services.

There are further plans for the alliance to offer shared community data visualization and reporting dashboards on top of Dotlake – with common metric definitions and computations, support for exporting the data to other known analytics platforms (e.g., Nansen, Dune Analytics), and educational materials to reduce knowledge gaps around working with Substrate and Cross-Consensus Message Format (XCM) data.

Mitesh Agarwal, Managing Director, Solutions and Technology, Asia Pacific, Google Cloud, said: “Web3 companies continue to build on Google Cloud because of the scalability, security, and sustainability of our enterprise-grade infrastructure and developer-friendly platform. As new industry use cases emerge, we’re focused on working with global organizations like Polkadot and OnFinality—who also serve a community of parachain builders in this region—to enhance the resilience of foundational layers, deliver high-quality on-chain and cross-chain datasets for easy analysis, and facilitate faster access to dApps for users.”

About Polkadot Polkadot is the blockspace ecosystem for boundless innovation. It enables Web3’s biggest innovators to get their ideas to market fast, with flexible costs and token options. By making blockchain technology secure, composable, flexible, efficient, and cost-effective, Polkadot is powering the movement for a better web.

About OnFinality OnFinality is a blockchain infrastructure platform that saves Web3 builders time and makes their lives easier. OnFinality delivers scalable API endpoints for the biggest blockchain networks and empowers developers to automatically test, deploy, scale, and monitor their own blockchain nodes in minutes. To date, OnFinality has served hundreds of billions of RPC requests, supports over 100 networks including Avalanche, BNB Chain, Cosmos, Polkadot, Ethereum, and Polygon, and is continuously expanding these mission-critical services so developers can build the decentralized future, faster.

About Google Cloud Google Cloud accelerates every organization’s ability to digitally transform its business and industry. We deliver enterprise-grade solutions that leverage Google’s cutting-edge technology, and tools that help developers build more sustainably. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.

Press release: This is a paid press release! Crypto Adventure does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Crypto Adventure is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

OnFinality and Google Cloud Enhance Node Infrastructure and Data Analytics Support for Polkadot Parachain Builders

With support from the Polkadot treasury, OnFinality and Google Cloud to provide common good infrastructure to help parachains scale without excessive technical overhead

OnFinality and Google Cloud to help deliver blockchain analytics for developers in and beyond the Polkadot ecosystem

Singapore, Sept. 14, 2023 – Today at TOKEN2049, OnFinality and Google Cloud announced their support for two community-backed initiatives to empower developers to build, launch, and scale interconnected decentralized applications (dApps) on the Polkadot network. To advance the growth of emergent parachains and the overall maturity of the Polkadot ecosystem, the first initiative will reduce the complexity and cost associated with blockchain node infrastructure management while the second initiative will help power large-scale blockchain analytics capabilities.

Launched by Web3 Foundation in 2020 and now managed by its community via on-chain governance, Polkadot is a blockspace ecosystem uniting a network of interoperable, use-case specific blockchains called parachains (parallel chains). Polkadot facilitates secure cross-chain transfers of any data or asset, enabling the development of applications and services that span multiple parachains. Polkadot provides several benefits to Web3 innovators, including security, flexibility, efficiency, cost-effectiveness, and fast time-to-market.

Parachains are built using the modular and flexible Substrate framework, allowing developers to customize the components (e.g., network stack, consensus model, transaction format, governance method) best suited to the needs of their use case. This includes any Web3 use case, from decentralized finance (DeFi) applications to digital wallets, social media applications, gaming applications, Web3 infrastructure services, and much more.

OnFinality provides high performance public infrastructure for the Polkadot ecosystem Under the first initiative, OnFinality is providing enterprise-level blockchain infrastructure and tooling support that is funded by the Polkadot treasury and built on Google Cloud for all 40+ Polkadot parachains. With equitable funding from the treasury to cover common good infrastructure provided by OnFinality’s Ultimate API Service (i.e., provision of high performance Remote Procedure Call or RPC endpoints, including archive and trace nodes), developers can seamlessly create and connect their dApps on and across parachains without incurring excessive DevOps and infrastructure management overhead. In the immediate term, this helps promising yet emergent parachains to continue meeting the needs of their independent communities.

To ensure that this initiative is cost-efficient for the Polkadot treasury, OnFinality has selected Google Cloud as the primary cloud provider to power its Ultimate API Service. By hosting this service on Google Kubernetes Engine (GKE), OnFinality can leverage GKE’s serverless, dynamic autoscaling, distributed load balancing, and health monitoring capabilities to concurrently manage all 40+ parachain networks, keep up with constantly changing request volumes, and meet its service level targets of 99.99 percent uptime. GKE’s best-in-class autoscaling features, in particular, helps OnFinality optimize costs and pass on its savings to the Polkadot treasury.

In the longer term, OnFinality has proposed setting up a Parachain Infrastructure Bounty with more than 10 other solution providers to deliver provider-agnostic common good infrastructure for all active Polkadot parachains. The goal is to make the ecosystem more harmonious, unify processes and tools, speed up development progress, and help all new parachain teams kick-start their projects.

James Bayly, Chief Operating Officer, OnFinality, said: “OnFinality has been the trusted launch partner for more than 40 Polkadot parachains. As a result of the prolonged winter, many parachain teams have requested for help to cover the operating expenses of RPC endpoint services, which we’ve managed to provide at no cost to the best of our abilities. We’re humbled to now be entrusted with funding from the Polkadot treasury to support all parachains. This level of ecosystem support reaffirms Polkadot’s reputation as one of the most developer-friendly ecosystems and a top choice for appchain builders when deciding which layer 0 to build in. With Google Cloud proving to be the best option for running our full suite of services in a cost-optimized, automated, and highly reliable way, we look forward to making more contributions to Polkadot, such as providing RPC support for the upcoming Polkadot Data Alliance.”

Polkadot Data Alliance to deliver aggregated on-chain and cross-chain analytics Building on the first initiative, the second initiative involves establishing a Polkadot Data Alliance. This involves building and maintaining Dotlake, a scalable common data platform that democratizes access to on-chain and cross-chain analytics for data users in and beyond the Polkadot ecosystem. Powered by Google Cloud’s data management capabilities, such as Cloud Storage, BigQuery, Cloud Run, Cloud Functions, and Workflows, Dotlake will allow users to more easily and accurately assess the value, health, and potential of the Polkadot ecosystem and benchmark it against other ecosystems.

Third-party data experts have been enlisted from the community to facilitate and guide this initiative to ensure transparency, that engineering best practices are being applied, and that the initiative delivers high quality data solutions. OnFinality is leveraging the community’s complete support for the Polkadot network to provide the trace RPC API endpoints necessary to populate the data platform.

To facilitate all on-chain data from the Polkadot ecosystem becoming available for public consumption, a treasury-funded Polkadot Data Alliance Bounty has been set up to provide underrepresented and resource-limited parachains with Google Cloud’s secure data hosting infrastructure services and OnFinality’s universal data indexing support. To avoid redundancy and unnecessary costs, the alliance will also use existing data solutions—such as the Colorful Notion Substrate ETL project that has already indexed data from over 70 parachains—as well as open source data formats and services.

There are further plans for the alliance to offer shared community data visualization and reporting dashboards on top of Dotlake – with common metric definitions and computations, support for exporting the data to other known analytics platforms (e.g., Nansen, Dune Analytics), and educational materials to reduce knowledge gaps around working with Substrate and Cross-Consensus Message Format (XCM) data.

Mitesh Agarwal, Managing Director, Solutions and Technology, Asia Pacific, Google Cloud, said: “Web3 companies continue to build on Google Cloud because of the scalability, security, and sustainability of our enterprise-grade infrastructure and developer-friendly platform. As new industry use cases emerge, we’re focused on working with global organizations like Polkadot and OnFinality—who also serve a community of parachain builders in this region—to enhance the resilience of foundational layers, deliver high-quality on-chain and cross-chain datasets for easy analysis, and facilitate faster access to dApps for users.”

About Polkadot Polkadot is the blockspace ecosystem for boundless innovation. It enables Web3’s biggest innovators to get their ideas to market fast, with flexible costs and token options. By making blockchain technology secure, composable, flexible, efficient, and cost-effective, Polkadot is powering the movement for a better web.

About OnFinality OnFinality is a blockchain infrastructure platform that saves Web3 builders time and makes their lives easier. OnFinality delivers scalable API endpoints for the biggest blockchain networks and empowers developers to automatically test, deploy, scale, and monitor their own blockchain nodes in minutes. To date, OnFinality has served hundreds of billions of RPC requests, supports over 100 networks including Avalanche, BNB Chain, Cosmos, Polkadot, Ethereum, and Polygon, and is continuously expanding these mission-critical services so developers can build the decentralized future, faster.

About Google Cloud Google Cloud accelerates every organization’s ability to digitally transform its business and industry. We deliver enterprise-grade solutions that leverage Google’s cutting-edge technology, and tools that help developers build more sustainably. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.

Press release: This is a paid press release! Crypto Adventure does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Crypto Adventure is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

OnFinality and Google Cloud Enhance Node Infrastructure and Data Analytics Support for Polkadot Parachain Builders

With support from the Polkadot treasury, OnFinality and Google Cloud to provide common good infrastructure to help parachains scale without excessive technical overhead

OnFinality and Google Cloud to help deliver blockchain analytics for developers in and beyond the Polkadot ecosystem

Singapore, Sept. 14, 2023 – Today at TOKEN2049, OnFinality and Google Cloud announced their support for two community-backed initiatives to empower developers to build, launch, and scale interconnected decentralized applications (dApps) on the Polkadot network. To advance the growth of emergent parachains and the overall maturity of the Polkadot ecosystem, the first initiative will reduce the complexity and cost associated with blockchain node infrastructure management while the second initiative will help power large-scale blockchain analytics capabilities.

Launched by Web3 Foundation in 2020 and now managed by its community via on-chain governance, Polkadot is a blockspace ecosystem uniting a network of interoperable, use-case specific blockchains called parachains (parallel chains). Polkadot facilitates secure cross-chain transfers of any data or asset, enabling the development of applications and services that span multiple parachains. Polkadot provides several benefits to Web3 innovators, including security, flexibility, efficiency, cost-effectiveness, and fast time-to-market.

Parachains are built using the modular and flexible Substrate framework, allowing developers to customize the components (e.g., network stack, consensus model, transaction format, governance method) best suited to the needs of their use case. This includes any Web3 use case, from decentralized finance (DeFi) applications to digital wallets, social media applications, gaming applications, Web3 infrastructure services, and much more.

OnFinality provides high performance public infrastructure for the Polkadot ecosystem Under the first initiative, OnFinality is providing enterprise-level blockchain infrastructure and tooling support that is funded by the Polkadot treasury and built on Google Cloud for all 40+ Polkadot parachains. With equitable funding from the treasury to cover common good infrastructure provided by OnFinality’s Ultimate API Service (i.e., provision of high performance Remote Procedure Call or RPC endpoints, including archive and trace nodes), developers can seamlessly create and connect their dApps on and across parachains without incurring excessive DevOps and infrastructure management overhead. In the immediate term, this helps promising yet emergent parachains to continue meeting the needs of their independent communities.

To ensure that this initiative is cost-efficient for the Polkadot treasury, OnFinality has selected Google Cloud as the primary cloud provider to power its Ultimate API Service. By hosting this service on Google Kubernetes Engine (GKE), OnFinality can leverage GKE’s serverless, dynamic autoscaling, distributed load balancing, and health monitoring capabilities to concurrently manage all 40+ parachain networks, keep up with constantly changing request volumes, and meet its service level targets of 99.99 percent uptime. GKE’s best-in-class autoscaling features, in particular, helps OnFinality optimize costs and pass on its savings to the Polkadot treasury.

In the longer term, OnFinality has proposed setting up a Parachain Infrastructure Bounty with more than 10 other solution providers to deliver provider-agnostic common good infrastructure for all active Polkadot parachains. The goal is to make the ecosystem more harmonious, unify processes and tools, speed up development progress, and help all new parachain teams kick-start their projects.

James Bayly, Chief Operating Officer, OnFinality, said: “OnFinality has been the trusted launch partner for more than 40 Polkadot parachains. As a result of the prolonged winter, many parachain teams have requested for help to cover the operating expenses of RPC endpoint services, which we’ve managed to provide at no cost to the best of our abilities. We’re humbled to now be entrusted with funding from the Polkadot treasury to support all parachains. This level of ecosystem support reaffirms Polkadot’s reputation as one of the most developer-friendly ecosystems and a top choice for appchain builders when deciding which layer 0 to build in. With Google Cloud proving to be the best option for running our full suite of services in a cost-optimized, automated, and highly reliable way, we look forward to making more contributions to Polkadot, such as providing RPC support for the upcoming Polkadot Data Alliance.”

Polkadot Data Alliance to deliver aggregated on-chain and cross-chain analytics Building on the first initiative, the second initiative involves establishing a Polkadot Data Alliance. This involves building and maintaining Dotlake, a scalable common data platform that democratizes access to on-chain and cross-chain analytics for data users in and beyond the Polkadot ecosystem. Powered by Google Cloud’s data management capabilities, such as Cloud Storage, BigQuery, Cloud Run, Cloud Functions, and Workflows, Dotlake will allow users to more easily and accurately assess the value, health, and potential of the Polkadot ecosystem and benchmark it against other ecosystems.

Third-party data experts have been enlisted from the community to facilitate and guide this initiative to ensure transparency, that engineering best practices are being applied, and that the initiative delivers high quality data solutions. OnFinality is leveraging the community’s complete support for the Polkadot network to provide the trace RPC API endpoints necessary to populate the data platform.

To facilitate all on-chain data from the Polkadot ecosystem becoming available for public consumption, a treasury-funded Polkadot Data Alliance Bounty has been set up to provide underrepresented and resource-limited parachains with Google Cloud’s secure data hosting infrastructure services and OnFinality’s universal data indexing support. To avoid redundancy and unnecessary costs, the alliance will also use existing data solutions—such as the Colorful Notion Substrate ETL project that has already indexed data from over 70 parachains—as well as open source data formats and services.

There are further plans for the alliance to offer shared community data visualization and reporting dashboards on top of Dotlake – with common metric definitions and computations, support for exporting the data to other known analytics platforms (e.g., Nansen, Dune Analytics), and educational materials to reduce knowledge gaps around working with Substrate and Cross-Consensus Message Format (XCM) data.

Mitesh Agarwal, Managing Director, Solutions and Technology, Asia Pacific, Google Cloud, said: “Web3 companies continue to build on Google Cloud because of the scalability, security, and sustainability of our enterprise-grade infrastructure and developer-friendly platform. As new industry use cases emerge, we’re focused on working with global organizations like Polkadot and OnFinality—who also serve a community of parachain builders in this region—to enhance the resilience of foundational layers, deliver high-quality on-chain and cross-chain datasets for easy analysis, and facilitate faster access to dApps for users.”

About Polkadot Polkadot is the blockspace ecosystem for boundless innovation. It enables Web3’s biggest innovators to get their ideas to market fast, with flexible costs and token options. By making blockchain technology secure, composable, flexible, efficient, and cost-effective, Polkadot is powering the movement for a better web.

About OnFinality OnFinality is a blockchain infrastructure platform that saves Web3 builders time and makes their lives easier. OnFinality delivers scalable API endpoints for the biggest blockchain networks and empowers developers to automatically test, deploy, scale, and monitor their own blockchain nodes in minutes. To date, OnFinality has served hundreds of billions of RPC requests, supports over 100 networks including Avalanche, BNB Chain, Cosmos, Polkadot, Ethereum, and Polygon, and is continuously expanding these mission-critical services so developers can build the decentralized future, faster.

About Google Cloud Google Cloud accelerates every organization’s ability to digitally transform its business and industry. We deliver enterprise-grade solutions that leverage Google’s cutting-edge technology, and tools that help developers build more sustainably. Customers in more than 200 countries and territories turn to Google Cloud as their trusted partner to enable growth and solve their most critical business problems.

Press release: This is a paid press release! Crypto Adventure does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Crypto Adventure is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Introducing the new and improved Evertwine: revamped & refueled!

Evertwine was well received, not only by our community, but by everyone; from our partners, friends, content creators. Anyone who got in touch with the game, had nothing but positive words for it.

You guys were quite vocal about this. You appreciated and loved Evertwine more than any other aspect of our project, and we wan’t to give you the game that you can truly enjoy. The game absolutely stood out above other aspects of the project in terms of development, so moving forward, our focus is clear: Evertwine will thrive as a phenomenal game first and foremost. While our journey with NFT projects showed promise, we recognized the undeniable magic that Evertwine holds.

Our mission is to deliver an unparalleled gaming experience that will transport you to new realms of excitement, adventure, and earning potential. Together, we can pave the way for an unforgettable gaming experience that you truly deserve. We plan to raise funds in a transparent manner by utilizing what NFTs & blockchain have to offer!

We have assured further funding for the development of the project!

But that's not all. We have secured a whopping $1.2 million investment for the ongoing development and growth of Evertwine. This means we can ensure a stable and exciting future for the game.

Join us on this remarkable journey as we breathe new life into Evertwine. Your continued support will be instrumental in shaping the future of this incredible project. Let's embark on this adventure together and redefine the gaming landscape in ways you've never imagined. Get ready for a gaming experience you truly deserve!

Website: https://evertwine.io/ Discord: https://discord.com/invite/uqUZgkqQaz Twitter: https://twitter.com/EvertwineIO

Phronesis Launches world's first L1 Blockchain Leveraging AI and the Sophia Protocol

Phronesis, a groundbreaking innovation in the blockchain industry, is revolutionizing transaction-demanding sectors. It aims to reshape the Decentralised Finance (DeFi) and Web3 sectors by harnessing Artificial Intelligence and proprietary consensus technology. Phronesis’ utility can be extended to real-world application solutions in various sectors such as supply chain, gaming, finance, energy, and more.

The introduction of Sophia, an AI Statistical Consensus Mechanism, and the Indirect-Low Transaction Fee Management Protocol sets Phronesis apart. With the aim to provide lightning-fast transactions at minimal costs, Phronesis paves the way for blockchain with no barriers.

Putting Artificial Intelligence at the System Core Sophia, the AI at the heart of Phronesis, is more than a conventional system. It's an intelligent algorithm leveraging a statistical consensus mechanism to analyze intricate node metrics.

This mechanism sorts validators, facilitating transaction processing in the network. The block-producing process is significantly accelerated, making transactions much faster and more reliable with an incredibly lower cost than those with high fees on other blockchains.

Sophia's mechanism classifies validators into three groups based on transaction fees. Each group has its dedicated validators for immediate processing. This efficient structure benefits end users, node owners, and developers alike. Sophia also ensures the system's integrity through a deep learning mechanism that monitors the entire Phronesis block sequence.

The system goes a step further, integrating machine learning for auto-response. It safeguards the network from any detrimental actions. Sophia's mechanism encourages validators' active participation.

It strategically uses metrics to switch validator categories, keeping the network responsive and agile. Thus, Sophia is a game-changer, putting artificial intelligence at the system's core.

Promoting High Transaction Speed at a Low Cost The Indirect-Low Transaction Fee Management (Indirect-LTFM) Protocol is a distinctive feature of Phronesis. It revolutionizes transaction processing by efficiently minimizing fees. The protocol departs from conventional blockchain systems, where users often need to pay high transaction fees for speedy processing.

The Indirect-LTFM Protocol promotes fairness in the blockchain environment. In traditional systems, high transaction fees incentivize validators. This frequently leads to greed among validators and miners working to maintain and protect the ledger from threats.

Phronesis, however, introduces a solution to this problem. It handles low transaction fees through a unique system involving super, fast, and average nodes. These nodes work together strategically, selecting low-fee transactions even in high-volume, high-fee environments.

The result is a protocol that maintains high-speed transaction processing at a lower cost. This is the essence of the Indirect-LTFM Protocol, a game-changing innovation in blockchain technology by Phronesis.

About Phronesis Phronesis is the first EVM, Proof-of-Stake Layer 1 blockchain that uses Sophia Protocol and Indirect-LTFM (Low Transaction Fee Management) Protocol. This revolutionary technology allows transactions to be completed in under 0.9 seconds at an average cost of USD 0.00001 per transaction, achieving a current metric of 31,000+ transactions per Second.

The Lucky Transactions Protocol enforces validators to include extremely low-fee transactions in new blocks in a timely manner. The strategy increases the blockchain's scalability and widespread adoption for various real-world use cases.

Anyone curious about Phronesis and its technology can find out more by visiting the official website: https://phron.ai/. Through this, visitors can access information on all of the features this new blockchain platform offers. Moreover, the social media pages below offer a great way to stay up-to-date on the latest news about Phronesis.

Medium: https://medium.com/@phron_ai Twitter: https://twitter.com/Phron_ai Telegram: https://t.me/+-DVxm6qfco1mNDRk

Press release: This is a paid press release! Crypto Adventure does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Crypto Adventure is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Wemade onboards Game Developers from Canada, Singapore and Hong Kong for WEMIX PLAY

Onboarding various game genres for global blockchain gaming platform WEMIX PLAY such as business simulation game, FPS and collectable RPG

Continuously expanding the WEMIX ecosystem by working with domestic and international game companies

SEOUL, SOUTH KOREA, 11 SEPTEMBER 2023 – Leading South Korea based blockchain game developer Wemade is onboarding a business simulation game, FPS, and collectible RPG on its global blockchain gaming platform WEMIX PLAY. WEMIX PLAY is Wemade’s global blockchain gaming platform with more than 9 million cumulative subscribers.

Oil War, developed by a Canadian company MetaSensor Technology Ltd., is a business simulation game. Players can make profit by selling coal or expanding facilities using NFTs.

The Killbox, currently being developed by a Singaporean game company The Killbox Foundation, is an FPS game with more than 20 contents such as team combats, bomb defusions, 1v1 arena and more. Players can also choose from more than 100 weapons, 20 characters and various costumes.

Amazing Cultivation is a collectible RPG developed by a Hong Kong gaming company, Soul Dragon Limited. A variety of contents like Taoist-based stories, PvP, and team dungeons are available for players to enjoy.

Wemade is continuously expanding the WEMIX ecosystem by working with domestic and international game companies and onboarding high-quality games on WEMIX PLAY. The collaborations are in line with Wemade’s aim to ensure the global competitiveness of WEMIX PLAY, its blockchain gaming platform which boasts of more than 100 onboarded games, by securing diverse gaming partnerships.

More information on WEMIX PLAY can be found on the official website at https://wemixplay.com.

About WEMADE A renowned industry leader in game development with over 20 years of experience, Korea-based WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. Through its WEMIX subsidiary, WEMADE aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit https://www.wemix.com/communication for more information.

Lightscale launched Kroma mainnet, Ethereum Layer 2

A channel between Ethereum and WEMIX mega ecosystems Starting as a game-centric chain, it will expand to include DeFi, NFT, and more Users and dApps will be rewarded with zero-start distribution token KRO

SEOUL, SOUTH KOREA, 7 September 2023 – Wemade subsidiary Lightscale successfully launched Kroma mainnet, its Ethereum Layer 2. As a part of WEMIX mega ecosystem strategy, Kroma will function as a channel that can bring users, holders, and assets on Ethereum to WEMIX ecosystem.

As more services onboard Layer 1, its transaction speed is slowed down, scalability reaches its limit, and gas fees run higher. The most widely used Layer 1 Ethereum is suffering from this problem which is known as the blockchain trilemma. Layer 2 is a solution for the scalability issue.

Kroma uses optimistic rollup with ZK fault proof, which is a new technology that combines optimistic rollup, currently widely used, and ZK proof. ZK rollup, while technically more challenging, can achieve a block finality faster than optimistic rollup. Lightscale plans to upgrade Kroma to 100% ZK rollup.

Kroma will start minting its native token KRO mid-2024. Its Tokenomics includes mechanisms for zero-start distribution with no pre-minting or pre-mining. A new block is generated every two seconds, and a KRO is minted and distributed to users and dApps as rewards. As their level of participation is determined by the number of their transactions, dApps and users that generated more transactions will receive more tokens. This reward system will induce active ecosystem expansion activities, thus creating a virtuous circle.

25% of KRO will be distributed to the WEMIX Foundation and WEMIX community, contributing to the WEMIX ecosystem.

Kroma will start as a chain for game-onboarding, and Night Crows will be serviced on the chain. The global blockchain version of the smash hit MMORPG, published by Wemade, is slated to be released this December. Lightscale aims to expand its ecosystem to include everything web3, such as DeFi and NFT. Part of Kroma’s Ecosystem Fund will be granted to onboarding dApps to encourage joining its ecosystem.

Learn more about Kroma at https://kroma.network/

About WEMADE

A renowned industry leader in game development with over 20 years of experience, Korea-based WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. Through its WEMIX subsidiary, WEMADE aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit https://www.wemix.com/communication for more information.

Lightscale launched Kroma mainnet, Ethereum Layer 2

A channel between Ethereum and WEMIX mega ecosystems

Starting as a game-centric chain, it will expand to include DeFi, NFT, and more

Users and dApps will be rewarded with zero-start distribution token KRO

SEOUL, SOUTH KOREA, 7 September 2023 – Wemade subsidiary Lightscale successfully launched Kroma mainnet, its Ethereum Layer 2. As a part of WEMIX mega ecosystem strategy, Kroma will function as a channel that can bring users, holders, and assets on Ethereum to WEMIX ecosystem.

As more services onboard Layer 1, its transaction speed is slowed down, scalability reaches its limit, and gas fees run higher. The most widely used Layer 1 Ethereum is suffering from this problem which is known as the blockchain trilemma. Layer 2 is a solution for the scalability issue.

Kroma uses optimistic rollup with ZK fault proof, which is a new technology that combines optimistic rollup, currently widely used, and ZK proof. ZK rollup, while technically more challenging, can achieve a block finality faster than optimistic rollup. Lightscale plans to upgrade Kroma to 100% ZK rollup.

Kroma will start minting its native token KRO mid-2024. Its Tokenomics includes mechanisms for zero-start distribution with no pre-minting or pre-mining. A new block is generated every two seconds, and a KRO is minted and distributed to users and dApps as rewards. As their level of participation is determined by the number of their transactions, dApps and users that generated more transactions will receive more tokens. This reward system will induce active ecosystem expansion activities, thus creating a virtuous circle.

25% of KRO will be distributed to the WEMIX Foundation and WEMIX community, contributing to the WEMIX ecosystem.

Kroma will start as a chain for game-onboarding, and Night Crows will be serviced on the chain. The global blockchain version of the smash hit MMORPG, published by Wemade, is slated to be released this December. Lightscale aims to expand its ecosystem to include everything web3, such as DeFi and NFT. Part of Kroma’s Ecosystem Fund will be granted to onboarding dApps to encourage joining its ecosystem.

Learn more about Kroma at https://kroma.network/

About WEMADE

A renowned industry leader in game development with over 20 years of experience, Korea-based WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. Through its WEMIX subsidiary, WEMADE aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit https://www.wemix.com/communication for more information.

Henry Chang, CEO of Wemade, delivers a keynote at 'KBW2023: IMPACT'

Henry Chang, CEO of Wemade, delivered a keynote on ‘WEMIX Mega Ecosystem: Beyond Games'

Laying the foundation for a mega WEMIX ecosystem through technical implementation and effective service establishment

To build a mega ecosystem where different chains come together to form one ecosystem

SEOUL, SOUTH KOREA – Henry Chang, the CEO of leading South Korea-based blockchain developer Wemade delivered a keynote at the main conference of Korea Blockchain Week titled 'IMPACT' on the theme 'Mega-Ecosystem WEMIX: Beyond Games', introducing the blockchain ecosystem of WEMIX3.0.

Henry Chang emphasized that the most important element in blockchain is utility value. “We launched our own blockchain mainnet WEMIX3.0 centered on games,” said Henry Chang. “The utility value of the WEMIX3.0 ecosystem increased with advanced tokenomics with DAO and NFT, and DeFi services that combine NFT with cryptocurrencies.”

The Wemade CEO went on further to explain about WEMIX’s new project, unagi, which interconnects blockchain to form a mega-ecosystem. “unagi will initially support 8 blockchains and expand its compatibility to non-EVM networks. With unagi, users, holders, and assets will be transferred to the WEMIX3.0 mainnet to further develop the WEMIX ecosystem. Una Wallet, which connects all assets across multiple chains through one single wallet, will launch soon as well.”

CEO Henry Chang concluded the keynote by revealing the blueprint for the true mega-ecosystem that WEMIX is ​​aiming for. “Through unagi, 8 different chain ecosystems will be fused together with WEMIX to build a mega-ecosystem that is connected as one”.

Wemade is the main sponsor of ‘IMPACT’, the main conference at Korea Blockchain Week, the largest blockchain event in Asia, for the second year in a row. Wemade has also set up an exhibition booth for the unagi and Ethereum Layer 2 Project ‘Kroma' at the conference.

For more information, visit:

Wemade – https://www.wemade.com/main/En

Unagi – https://unagi.io/

Kroma – https://kroma.network/

About WEMADE

A renowned industry leader in game development with over 20 years of experience, Korea-based WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. Through its WEMIX subsidiary, WEMADE aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit https://www.wemix.com/communication for more information.

Wemade launches first-of-its-kind 'PoET' block reward program

The world's first program that provides block rewards to both dApp developers and users

The amount allocated to the eco-fund in the PMR is returned to the participants to promote a leap into a mega ecosystem

After developing the DApp, you can participate in the program by receiving the VET (Verified Ecological Transaction) certification mark.

Seoul, South Korea, 5 September 2023 – Leading South Korea-based blockchain developer Wemade has launched the world's first block minting rewards program that equally rewards builders and users.

'PoET, which stands for “Proof of Ecological Transaction”, is a program designed to foster a more dynamic WEMIX ecosystem, by providing the Eco Fund portion of the PMR (Permanent Minting Reward) generated on the WEMIX3.0 blockchain network to transaction participants who contribute to the robust growth and expansion of the ecosystem.

PoET grants certification marks known as VET (Verified Ecological Transaction) upon transactions that contribute to ecosystem growth by interacting with Verified Contracts. Additionally, it grants a maximum of 0.25 WEMIX per block to users and contracts that have actively originated with these transactions.

Sustainable and sound ecosystem development

PoET recognizes high quality transactions that contribute to the growth of the WEMIX3.0 ecosystem and network, and was designed to treat users and builders equally when giving out the distribution amount. This method of distribution fits the objective of Eco Fund, which aims to provide the distribution amount in an effective manner to users and builders that contribute to the growth of the network, and prevent attempts to increase block shares with the use of meaningless bots and abuse.

PoET encourages users and builders to be involved in creating a flywheel of value growth. Through this, PoET thrives to achieve sustainable development while maintaining a sound mainnet ecosystem. With the introduction of PoET, the mainnet will serve to contribute to the construction of a more stable and sustainable blockchain ecosystem.

More information can be found on the official PoET site. (https://wemixecofund.com/poet)

About WEMADE A renowned industry leader in game development with over 20 years of experience, Korea-based WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. Through its WEMIX subsidiary, WEMADE aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit https://www.wemix.com/communication for more information.