Here’s How GameSwift Is Pushing Web3 Gaming Into The Mainstream 4258

1 2022 10 26 в 15 37 24

Web3-based gaming is growing in popularity minute by minute with no less than six billion dollars invested in web3 gaming projects in the first half of 2022. Even so, there is a clear lack of a reliable solution for crypto gaming because gamers and major game publishers tend to be wary of Web3 games. GameSwift’s vision is to change the dynamic, create a platform to enjoy, develop, and build strong communities while onboarding the next million of players into the world of web3.

What’s there to know?

One of GameSwift’s defining aspects is that it will not be limited to a single gaming platform. The project has lofty goals, such as becoming an all-encompassing location for all Web3 gaming needs. Beginning with the platform, which will function similarly to its Web2-based forerunners of digital distribution in granting users easy and quick access to a comprehensive catalog of games, GameSwift will offer a wide range of tools and services for all Web3 gaming aficionados, which includes both players and builders.

Moreover, to help save valuable time and effort researching different gaming projects and finding relevant information, the GameSwift team will cherry-pick high-quality gaming projects and list them on the platform. Doing so eliminates the need to navigate multiple websites in order to find, download, and run a game. Essentially, GameSwift provides a platform for users to launch and test the games they find appealing within the app, allowing them to find quality projects that are easily accessible and therefore making the entire process more streamlined and quicker.

What kind of opportunities can GameSwift provide?

Apart from providing an innovative and memorable gaming experience, the Platform will also include investment opportunities. Users will be able to benefit from simple onboarding for INOs and IGOs on the GameSwift Platform while also utilizing the advanced SocialFi tools and services provided. In this way, GameSwift offers a unique experience which not only has something for everyone, but also actively contributes to the inevitable transition to Web3.

Moreover, the GameSwift team recognized the contemporary difficulties posed by the Web3 gaming environment, chief among which is the apparent absence of a decentralized and configurable gaming infrastructure. Web3 game developers are hence already working on projects that span a multitude of competing, non-interoperable blockchains. To support cross-chain interoperability and the continued growth of the Web3 gaming sector, a well-developed infrastructure will be required which is precisely why GameSwift introduces its specialized solutions that enable all users to use blockchain technology seamlessly. Wojciech Gruszka, CEO of GameSwift, says “The GameSwift ID is a flagship product that makes users feel comfortable navigating Web3”, which is one of the most important aspects when it comes to both gaming and Web3 in general.

Safe use of blockchain technology?

The GameSwift team recognizes the need to implement dependable security features which is why they are putting a well-known single sign-on solution on the blockchain. Users won’t have to jeopardize their security by storing multiple passwords or seed phrases as they only need one account and one set of credentials to launch multiple dApps (decentralized applications) and games as well as access all of their digital assets with GameSwift ID.

This increases personal security while reducing the entry barrier for crypto newcomers. The team wants users to consider the possibility of signing into their favorite game using a single account, such as Google or Apple ID, rather than multiple wallets, chains, and networks. Not only is this more effective, but it is in fact the only solution of its kind presently available on the crypto market.

Is it easy to use?

It is important to note that the GameSwift ID will be much more than a quick way to sign in. After logging in to the platform, users will get to browse through numerous projects and create their own gaming profiles to monitor their game achievements and statistics as well as compare them to other gamers. All of this without having to perform multiple complex actions, master cross-chain transfers, or switch between wallets.

Due to its simplicity, GameSwift ID thus serves as an entry point into the Web3 world for users who may be new to crypto.

Furthermore, GameSwift is incorporating a built-in wallet as part of the ID functionality, which can be connected to other major Web3 wallets such as MetaMask, WalletConnect, Trust Wallet, or Phantom. The team also intends to expand the wallet’s availability beyond EVM-compatible chains such as Solana and Near.

Additionally, developers won’t need to learn any blockchain-specific programming languages to deploy their apps, enabling them to concentrate entirely on producing the best possible product. This is all thanks to GameSwift SDK. Whether they write in Python, Java or C#, GameSwift offers a distinctive set of tools for all developers interested in developing high-quality blockchain-based projects.

If you’d like to participate in empowering the next generation of web3 games and are a passionate creator who aims to bring to life an immersive web3-based gaming adventure, the applications are now open. Fill in the application form here to launch your game with GameSwift!

About GameSwift

GameSwift is a game-changing product that is reshaping the entire Web3 gaming industry. As a decentralized and community-driven ecosystem, it provides all of the elements required to create a true Web3 gaming empire.

The four well-designed and integrated pillars of the GameSwift ecosystem are Chain, Web3 Infrastructure, Platform, and Gaming Studio. Also, GameSwift’s unique infrastructure enables game developers to cleverly implement blockchain technology and share in-game resources while allowing players to fully enjoy their gaming experience.

GameSwift is hence best defined as a 360-degree platform for game developers and gaming studios, offering all of the tools required to launch Web2 games into the Web3 environment, as well as a space for dedicated gamers who wish to participate in the burgeoning crypto industry and become a part of Web3.

Lastly, the list of GameSwift products appears to be endless, but the important thing to note is that they are all focused on providing the best possible user experience while enticing traditional gamers to try out Web3 games. With such a vision in mind, the GameSwift team is working hard to deliver the promised tools, and it appears that the first products will be released sooner than expected. CEO Wojciech Gruszka says there will not be a need to wait until 2023 for the crypto and blockchain community to take its first look at the GameSwift Platform.

Visit the official website and the Twitter, Telegram and Discord channels for more information.

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Besa Gaming: Revolutionizing the Gaming Industry with Blockchain 2538

In a world where pixels collide with possibility, the blockchain gaming industry stands as a testament to the transformative power of technology. According to Grand View Research, The global blockchain in gaming market size was valued at USD 4.83 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 68.3% from 2023 to 2030. With its unique blend of decentralized networks and digital assets, blockchain gaming has transcended traditional boundaries, offering players unparalleled opportunities for ownership, creativity, and reward. Blockchain technology has revolutionized the gaming experience for businesses and players, allowing them to use cryptocurrencies and Non-fungible Tokens (NFTs) to purchase in-game assets. At the forefront of this revolution stands Besa Gaming—a pioneering force committed to reshaping the gaming landscape with its innovative approach to blockchain integration and utilization of cryptocurrency and NFTs. As the industry continues to evolve, Besa Gaming stands poised to lead the charge, offering players an immersive gaming experience unlike any other.

The Besa Gaming Company represents a paradigm shift in the gaming industry, offering an innovative fusion of entertainment and cryptocurrency. Positioned on the blockchain, Besa Gaming provides users with an exhilarating gaming experience where they can not only enjoy captivating gameplay but also earn real money in the process. Through their Play-to-Earn (P2E) options, players have the opportunity to engage with friends and the global gaming community, all while reaping rewards for their efforts. The platform’s unique approach emphasizes rewarding token holders, ensuring that investors are incentivized to hold onto their $BESA tokens for the long term. With a mission to create accessible and enjoyable games for all, Besa Gaming is committed to establishing itself as a leader in the gaming space while providing lucrative benefits for its dedicated supporters.

Delving into Besa Gaming’s diverse portfolio of captivating games, each offering a unique and immersive experience, we find:

  1. Gold Rush Racer: Gold Rush Racer is the ultimate endless arcade racing game, offering thrilling gameplay where players navigate through highway traffic, earn coins, and upgrade their cars to dominate global leaderboards. With stunning 3D graphics and smooth car handling, it promises non-stop excitement across various environments and game modes. Gold Rush Racer is available in android and apple app stores.
  2. Crypto Bros: Crypto Bros is the blockchain adaptation of a familiar gameplay format. Featuring 15 levels and a choice of 2 characters, it also supports in-game advertising. Currently, the company is diligently working on a new update to deploy it to app stores.
  3. Bullet Storm Reloaded: Bullet Storm Reloaded is a thrilling bottle shooting game that puts your gun skills to the test. With stunning 3D graphics and a diverse selection of 24 new guns, including pistols, revolvers, and assault rifles, this game offers an immersive experience for target shooting enthusiasts. Bullet Storm Reloaded is available on Android and currently waiting for approval for IOS.
  4. Besa Crypto Slot Machine: Besa Crypto Slot Machine integrates crypto into the thrilling universe of slot gaming. It also allows the company to incorporate various blockchain & cryptocurrency logos into the game and reward top players every week. As Besa Gaming expands their partnerships, more options and rewards will be available to players and holders.

Besa Gaming’s team of developers will continuously update and improve our existing games while adding even more games and utilities to our ever-expanding ecosystem. In the pipeline, we have our Drift Fury 3D game, our Besa Online Casino, and more! Besa Gaming is the first project to offer in-game space for advertising. It utilizes the game environment to incorporate ads and information that can be constantly updated to keep it fresh and exciting.

Besa Gaming is strategically positioned to revolutionize the gaming industry with its innovative business plan.

  • NFTs: Introducing four levels of NFTs, including OG, Gold, Silver, and Normal, Besa Gaming offers exclusive benefits to NFT owners, including participation in a private group and the board of directors.
  • Advertising: Leveraging in-game advertising, Besa Gaming generates revenue to benefit all token holders by purchasing and distributing tokens, fostering community support and growth.
  • Staking: With plans for staking implementation, Besa Gaming aims to utilize a portion of the selling tax to fund staking rewards, empowering token holders and ensuring project sustainability under the guidance of the board of directors.
  • Multi-Token Expansion: Besa Gaming plans to expand its presence across different markets, enhancing the BESA brand and utilities to reach a broader audience of crypto holders while maintaining transparency and community engagement. Besa Gaming is currently available on Binance and Solana networks.

Tokenomics Overview:

Besa Gaming implements a comprehensive tokenomics to ensure the sustainability and growth of its ecosystem. With zero tax on the Solana version and a 4% buy tax on the Binance Smart Chain (BSC) version, rewards are distributed to holders, NFT owners, and liquidity providers automatically. Additionally, the liquidity is locked for one year on Solana and ten years on BSC, safeguarding the stability of the platform.

The breakdown:

Solana Version:

  • Zero tax structure.
  • Rewards distributed to Solana holders multiple times a week.
  • Exclusive airdrops and income from partnerships for Solana holders.

BSC Version:

  • 4% buy tax distributed to holders, NFT owners, and liquidity pool.
  • 6% sell tax with 3% going to all holders and 3% for team development and advertising.
  • Liquidity locked for 10 years on Pinksale.

OG NFTs:

  • Limited edition NFTs available with exclusive benefits.
  • Rewards through buy tax implemented on BSC version.
  • Owners gain access to a private group for voting on Besa-related decisions and share in 10% of the profit sent directly to them profits generated by the platform’s utilities.

In addition to that, Solana, BCS, and NFT holders also receive rewards from the company’s buyback program, which is funded by the income generated through Besa Gaming’s in-game advertising, as well as Google and Facebook ads within the games.

Empowering Change Beyond Gaming

Besa Gaming goes beyond entertainment, embracing a mission to make a positive impact on the world. Founded on principles of compassion and community, we’ve launched the Finhope foundation to uplift communities, support vital causes, and amplify efforts to find missing people. Driven by passion and collaboration, we’re more than just a gaming community—we’re a movement. Leveraging the power of technology, the company amplifies the voices of the missing, allowing them to share their stories. Their images are integrated into the games and shared across company social media platforms. Additionally, Besa Gaming provides donations to aid in the search for the missing. Visit https://www.findhopefoundation.org to learn more.

Besa Gaming Team

Besa Gaming boasts a fully transparent and doxxed team, ensuring trust and accountability at every level. Led by Founder & CEO Gabriel Navarro, the team comprises industry experts dedicated to driving innovation and excellence. With Gerardo Ramirez as the Tech Lead, Darius Oravec overseeing hardware development, and Mukesh serving as the Sr. Software Developer, Besa Gaming combines technical prowess with creative vision. Chris Burns leads the marketing efforts, while Ronnin handles social media engagement, ensuring a cohesive and dynamic approach to building and promoting the Besa Gaming brand. Together, this talented team is committed to delivering cutting-edge gaming experiences and driving Besa Gaming’s success in the industry.

Through their diverse portfolio of immersive games and promising roadmap, community friendly tokenomics, Besa Gaming not only captivates audiences but also empowers them to participate in a gaming ecosystem unlike any other. Moreover, Besa Gaming’s dedication to social impact, demonstrated through the Find Hope Foundation, underscores their broader mission to effect positive change beyond the realm of entertainment. As the company continues to expand its reach and influence, supported by a transparent and skilled team, Besa Gaming invites enthusiasts to join their movement, gaming with purpose and transforming lives one play at a time.

Besa Gaming Socials:

Website: https://www.besagaming.com
Telegram: https://t.me/GamingUmbrella
Facebook: https://bit.ly/besa-facebook
Twitter: https://bit.ly/besa-twitter
Instagram: https://bit.ly/besa-instagram
Discord: https://bit.ly/besa-discord
Tiktok: https://bit.ly/besa-tiktok

Introducing BitBonus: Revolutionizing Crypto with 4% Tax and 5 Unique Utilities 3067

BitBonus emerges as a groundbreaking addition to the crypto sphere, offering investors a unique opportunity to participate in a project with unparalleled potential. With a distinctive 4% tax structure, BitBonus is poised to redefine the landscape of decentralized finance, prioritizing rewards for holders and fueling strategic marketing initiatives.

The BitBonus Advantage:

At the core of BitBonus lies a 4% tax mechanism, where 2% of every transaction is distributed to holders in BTC, fostering a culture of passive income generation. The remaining 2% is allocated to the marketing wallet, ensuring continuous growth and visibility for the project.

Five Dynamic Utilities:

  1. Fashion Forward: BitBonus unveils a cutting-edge clothing brand that not only exudes style but also offers convenience through online purchasing and pop-up stores worldwide.
  2. Luxury Experiences: Experience the epitome of extravagance with BitBonus’ booking website, curated to provide access to exclusive luxury experiences around the globe.
  3. Venture Capital: BitBonus Ventures champions visionary entrepreneurs aligned with the mission of advancing economic freedom globally. Holders of BitBonus tokens will enjoy rewards from this initiative, with more details to follow soon.
  4. Alpha Club: The BitBonus Alpha Club welcomes Diamond holders and select influencers into an exclusive realm of privileges, including token rewards and exclusive contests.
  5. Secret Utility: Stay tuned for an exciting announcement regarding BitBonus’ undisclosed utility, set to elevate the project’s impact and utility within the crypto community.

NFT Collection and Future Integration:

BitBonus is proud to unveil an exclusive NFT collection, poised to complement and enhance its diverse range of utilities in the near future, promising unique and rewarding experiences for holders.

Upcoming Milestones:

BitBonus marks its inception with a fair launch on PinkSale, offering transparency and accessibility to all investors. Witness the journey unfold from start to finish at: PinkSale Launchpad https://www.pinksale.finance/launchpad/bsc/0xFb7725242a891220105C02d67ba62CD3d4368b09

Following the launch, BitBonus is set to make its debut on PancakeSwap, providing liquidity and accessibility to investors on one of the most popular decentralized exchanges.

Connect with BitBonus:

Website: https://bitbonusbsc.com/
Twitter: https://twitter.com/BitBonusBSC
Telegram: https://t.me/BitBonusbsc_official

About BitBonus:

BitBonus is a revolutionary project dedicated to maximizing value for its holders through innovative utilities, strategic partnerships, and a dynamic tax structure. With a commitment to transparency, sustainability, and community empowerment, BitBonus is poised to redefine the future of decentralized finance.

Galxe Launches Galxe Passport V2, Boosting Privacy and Security for over 900K Passport Holders 3478

Galxe, the leading web3 infrastructure and digital identity network, today unveiled Galxe Passport V2, the next evolution in web3 identity management, now enhancing the security and privacy of nearly one million passport holders.

With the launch of Galxe Passport V2, users benefit from new features designed to redefine identity verification and management across the web3 ecosystem. As the premier identity solution provider in web3, Galxe continues to lead the industry by prioritizing robust security measures with seamless integration with the Galxe Identity Protocol, marking a full integration between Galxe Passport and the Identity Protocol to bring privacy protection features to all users.

“The release of Galxe Passport V2 marks a crucial step in our mission to onboard the world to web3, reinforcing the vital role of trust and security in digital interactions,” stated Harry Zhang, Co-Founder of Galxe. “By introducing key new features and integrating the passport with our Identity Protocol, leveraging Zero-Knowledge Proof technology, we are not just upgrading our technology–we are advancing a secure, privacy-focused framework that supports our vision of a user-centric web3 ecosystem. We are committed to providing a seamless experience that upholds the integrity of digital identities, making web3 accessible and safe for our community and our partners. With each innovation, we move closer to realizing a world where digital identity management is as natural as it is secure, ensuring that every user can navigate the web3 space with confidence.”

New Features and Upgrades to the Galxe Passport

  • Private Data Vault: A new, secure system for storing encrypted identity data and credentials, the Galxe Vault simplifies access to identity information while upholding the highest standards of privacy and security. This system allows users to manage their digital identities easily across various platforms, leveraging Zero-Knowledge Proof (ZKP) technology to ensure complete privacy.
  • Facial Re-Verification: A major step forward in securing user identities, this feature introduces periodic facial verifications within the KYC processes, ensuring the continuity and authenticity of user identities. It targets the eradication of false KYC verifications by verifying biometrics against initial records, significantly reducing identity fraud and enhancing compliance.
  • Timestamped Verification: Strengthening the integrity of the verification process, this feature provides detailed timestamps for each successful verification, including the date and time of the first and last successful verifications, along with the total number of successful verifications. This adds a layer of transparency and security, making it a robust tool for authenticity assessments.

Seamless Transition and Enhanced Integration

The transition to Galxe Passport V2 will be seamless for all existing users, with the automatic upgrades to the new version. New users will directly experience the advanced capabilities of V2 from the outset, ensuring all users benefit from enhanced security and privacy features. To explore the upgraded features and capabilities of Galxe Passport V2 or to mint your own Passport today, visit https://app.galxe.com/passport.

About Galxe

Galxe is the leading web3 infrastructure and digital identity network, empowering seamless web3 experiences through modular AI, digital identity, and blockchain technologies. Central to the ecosystem, the Galxe Identity Protocol provides a foundational layer for secure and self-sovereign digital identity management. Alongside the protocol, Galxe’s product suite–Galxe Quest, Galxe Passport, Galxe Score, and Galxe Compass–supports the development of the next generation of web3 applications. With a vibrant community of over 20 million active users and partnerships with more than 5,000 brands, Galxe has proven itself as a pioneer and leader in digital identity solutions, fostering community growth, and enhancing user engagement. Dedicated to making web3 accessible to all, Galxe serves end-users and developers worldwide.

Galileo Protocol launches LEOX airdrop with 250,000 token reward pool 3655

In a significant move towards integrating blockchain technology with real-world assets, Galileo Protocol is thrilled to announce its LEOX token airdrop, designed to engage and expand its community. The airdrop features a generous pool of 250,000 LEOX tokens and offers participants a firsthand experience in a leading-edge RWA tokenisation ecosystem.

Exploring the Reward Pool

  • Fairdrop Pool: 150,000 LEOX dedicated to holders of Nebula and NFT communities who embody the web3 experience (CommuNFTy Pool).
  • Farmooor Pool: 100,000 LEOX allocated to active Galileo Marketplace participants.

Fairdrop Pool access

  1. Eligibility: Hold an unlisted Nebula or partner NFT (to be announced in early May) during the snapshot period (April 3rd – June 1st).
  2. Snapshot verification: Ensure NFTs are in your wallet during the June 1st snapshot.
  3. Receive LEOX Tokens: Tokens will be automatically distributed on June 15th to eligible wallets.

Farmooor Pool Access

  1. Marketplace registration: Sign up at the Galileo Marketplace and complete KYC verification.
  2. Social engagement: Share your sign up on your socials. Galileo will be adding a link input feature for participation.
  3. Active participation: Make purchases on the marketplace from April 3rd to September 30th.
  4. Final verification: Maintain active participation through the September 30th snapshot.
  5. Token distribution: Eligible participants will receive their tokens on October 31st.

Participation Benefits

This airdrop is more than a reward; it’s an invitation to explore the transformative potential of RWAs on the blockchain. Participants will gain early access to a platform that blends the physical and digital worlds, creating secure, transparent, and liquid markets for assets previously constrained by traditional boundaries.

Why Galileo Protocol?

Galileo Protocol stands at the forefront of the RWA blockchain movement, focusing on the tokenisation of tangible assets to enhance their usability, liquidity, and security in the digital age. Galileo Protocol not only supports the tokenisation of assets but also ensures their real-world applicability and integration.

Safety notice

Please interact only through official Galileo channels and verify all links before engaging. Remember, the Galileo team will never reach out via direct messaging first.

About Galileo Protocol

Dedicated to revolutionising asset management, Galileo Protocol uses blockchain technology to authenticate, tokenise, and mobilise real-world assets. This approach aims to unlock the value of physical assets and make them accessible in the crypto space, enhancing transparency and trust.

Join this forward looking journey with the Galileo Protocol’s LEOX airdrop. Step into the future of asset management and discover the full capabilities of Galileo Protocol’s RWA tokenisation platform.

Follow Galileo Protocol’s official channels

Telegram Group: @galileoprotocolcommunity
Discord Group: https://discord.gg/vQQPXXcKsv
Own a Nebula here: https://nebula.galileoprotocol.io/
Visit the Galileo Marketplace: https://app.galileoprotocol.io/

MetaComp Announces Strategic Partnership with Harvest Global Investments to Explore Bringing HK-Listed ETFs to Investors in Singapore and Beyond 3629

MetaComp Pte Ltd, a leading Monetary Authority of Singapore (MAS) licensed Singapore fintech company that specializes in blockchain technology and digital assets, and its affiliates (collectively referred as MetaComp), is proud to announce a strategic partnership with Harvest Global Investments Limited (HGI), a leading asset management company licensed with the Securities and Futures Commission of Hong Kong. HGI is among the pioneering Chinese asset management firms to establish subsidiaries abroad. The Memorandum of Understanding executed between MetaComp and HGI marks a significant step towards potentially broadening the accessibility of innovative financial products globally with special emphasis on the recently announced cryptocurrency spot ETFs which will be expected to start trading on the Hong Kong Stock Exchange from 30 April 2024 onwards. This follows the announcement by HGI that they have received authorization from Hong Kong’s Securities and Futures Commission to launch the highly anticipated cryptocurrency ETFs.

The core of the partnership revolves around MetaComp and its affiliates’ commitment to make HGI’s cryptocurrency spot ETFs available, through MetaComp’s proprietary Client Assets Management Platform, also known as CAMP by MetaComp, utilizing its technological and market expertise to introduce these products under the appropriate regulatory framework to Singapore investors and beyond. This initiative not only aims to expand the global footprint of HGI’s ETFs but also allows MetaComp and its affiliate to enrich its wealth solution portfolio with highly sought-after financial products.

In addition to the crypto-ETF distribution, the collaboration will also explore opportunities for the integration of HGI’s various asset management solutions into MetaComp’s service offerings. MetaComp will also provide HGI access to its Digital Payment Token suite of services. Through the strategic collaborative efforts by both companies, they are hoping to forge a symbiotic relationship that will allow both companies to leverage on their strengths.

The alignment with HGI allows MetaComp to tap into the scale and expertise of a leading global financial player, significantly enhancing its service capabilities and market reach. This partnership is designed to serve not just the existing clientele of both entities but also to capture new segments eager for advanced financial solutions across traditional finance and crypto finance.

Dr Bo Bai, Chairman and Co-Founder of MetaComp shared: “This strategic alliance with Harvest Global Investments Limited reaffirms MetaComp’s commitment to being the bridge that links traditional finance with crypto finance. We are confident that our partnership with Harvest Global Investments Limited will prove to be mutually beneficial. With Harvest’s expertise in asset management and MetaComp’s robust capabilities in providing a comprehensive suite of digital payment solutions, we are poised to deliver unparalleled value to our clients and the market.”

For more detailed information on this partnership and to stay updated on future developments, please visit www.mce.sg.

About MetaComp Pte Ltd (www.mce.sg)

MetaComp is a leading Singapore-based digital asset platform that is licensed and regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act 2019. Operating under a P2B2C (platform-to-business, partners-to-clients) model, MetaComp provides an integrated end-to-end suite of services to its clients, empowering them to confidently enter the digital asset market with the much-needed safety, security, and compliance. Together with its parent company, Metaverse Green Exchange Pte. Ltd. (a MAS-licensed CMS holder permitted to carry out, inter alia, brokerage and custody services), MetaComp introduces its suite of services through CAMP by MetaComp, a regulated Client Assets Management Platform, allowing businesses to develop and scale their digital asset offerings through OTC and exchange trading services, fiat payment, digital asset custody and prime brokerage.

Hinkal Closes Strategic Funding Round to Advance Discreet Trading and Position Liquidation 4482

Hinkal, a multi-chain privacy layer for confidential decentralized finance (DeFi) transactions, today announced a $1.4 million strategic funding round led by SALT Fund, with participation from Draper Associates, SNZ and Peer VC. Additionally, Tal Cohen, CEO of Kraken US, joined the company advisory board.

The raise follows the close of Hinkal’s $4.1M seed funding round in November of 2023. With surging demand from institutional clientele, this strategic funding will be used to bring liquid funds, VCs, family offices and founders of projects to Hinkal’s confidential infrastructure.

As institutional investors expand their presence in crypto markets they are increasingly looking to decentralized exchanges to take advantage of price discovery and asset control these platforms provide. However, DeFi does not provide privacy these traders are accustomed to in traditional financial markets. As crypto analytics platforms have become more complex, the pseudonymous nature of DeFi presents risks of copy trading and front running for liquid funds, VCs, and protocol founders willing to liquidate their token positions.

“The influx of institutional capital into crypto markets is a landmark event for the maturity of the industry,” said Georgi Koreli, CEO of Hinkal. “Hinkal is solving a critical need in the crypto space by providing institutional investors with the additional layer of anonymity they require to participate in DeFi markets. This strategic funding round will allow us to accelerate the development and adoption of our groundbreaking privacy solution.”

Hinkal is a zero knowledge (ZK)-protocol that addresses these issues by enabling end-to-end and secure confidentiality for DeFi transactions. Leveraging a combination of self-custodial private addresses and relayers, Hinkal transforms the way on-chain trading operates as the only transaction that can be seen on block explorers or analytics platforms is the execution of a relayer – no wallet addresses attached. This allows liquid funds, VCs and retail investors to make confidential transactions within the protocol without experiencing price slippage or market impacts.

Additionally, Hinkal provides a best-in-class solution for venture capital and founding teams looking to liquidate vested tokens in a private and secure environment. As the industry has grown and matured, these stakeholders have traditionally struggled with token vesting and liquidations, as this process often results in adverse price impacts that dilute net settlement and sends mixed messages to the community. With Hinkal, VCs and teams can receive any vested token directly into a private Hinkal address and liquidate privately without these impacts to the market.

AJ Scaramucci, Founder and Managing Partner of the SALT Fund, commented on the news, “The SALT Fund is dedicated to supporting projects that drive innovation for institutional investors. Hinkal is a breakthrough protocol addressing crucial pain points for institutional funds, founders, and VCs alike by enabling them to execute private DeFi trading strategies and liquidate vested tokens in a way that doesn’t disrupt the broader market. This is a game-changer for the industry and will unlock significant value for these stakeholders.”

Underpinning Hikal is a full suite of compliance and security solutions to further support institutional users of DeFi protocols. Hinkal requires KYC(B) (Know Your Customer/Business) verification for users to prevent illicit parties from using the protocol while simultaneously providing a frictionless experience via reusable attestations at exchanges like Coinbase and Binance. Audited by major firms including Quanstamp and Zokyo, Hinkal provides a secure trading experience and real-time threat mitigation with Hexagate.

About Hinkal

Founded by Stanford grad Giorgi Koreli and his Ph.D. brother, Nika Koreli, Hinkal enables privacy of transactions and assets across core DeFi apps and functions, including trading, farming, staking, and lending through the use of stealth addresses and with high degree of compliance.

Hinkal is a ZK-based solution that provides a private smart contract wallet experience, allowing users to participate in their favorite dApps directly from their private addresses without the need to withdraw assets for obfuscation.