‘Smart Money’ Trial Explores Potential for Blockchain 2086

CSIRO’s Data61 and Commonwealth Bank (CBA) have developed an app as part of a trial to explore the potential for blockchain technology to create ’smart money’, through using the case study of the National Disability Insurance Scheme (NDIS).

The trial, called ‘Making Money Smart’, aims to enhance the experience of participants and service providers in the NDIS through the creation of ‘smart money’ – also known as programmable money.

By attaching conditions, the ‘smart money’ knows what it can be spent on, who it can be spent by and when it can be spent. Smart Money is enabled by a blockchain token solution that could integrate with Australia’s New Payments Platform, and is accessed through a user friendly app.

The NDIS was selected as the first case study for the proof of concept, as it involves highly personalised payment conditions. In the NDIS, participants have individualised plans that can contain multiple budget categories – each with different spending rules.

The prototype app supports participants to manage their plan by enabling them to find, book and pay for services from NDIS service providers without the need for paperwork or receipts.

The proof of concept has benefited from advice and feedback from government and industry leaders, and is currently undergoing user testing with NDIS participants and carers.

“Programmable money represents an opportunity to re-envisage how we think about money and how payments function across the economy,” Sophie Gilder, Head of Experimentation and Blockchain, Innovation Lab, CBA said.

“The potential of this technology for the NDIS is exciting, ranging from greater empowerment for participants, reduced administration costs for businesses and greater visibility for Government.

“It’s been rewarding to collaborate with Data61 on a project that could have such a large, positive impact for the community.”

The proof of concept combines CBA’s globally-recognised Blockchain Centre of Excellence with Data61’s deep research expertise in blockchain, smart contracts and software engineering.

“This has been a really interesting research project into how blockchain technology can integrate with new payments technologies to provide more choice, control and flexibility for conditional payments for NDIS participants and service providers,” Dr Mark Staples, Senior Principal Researcher in the Software and Computational Systems program at CSIRO’s Data61, said.

“We’re particularly interested in the broader research opportunity around programmable money, because it should reduce friction in business transactions, and enable companies to create new business models and innovative ways of delivering and paying for products and services.

“This would benefit customers and reduces the administrative burden involved in managing payments.”

Feedback has been received from leaders across the disability sector, fintech community and Government.

The project reference group includes the Digital Transformation Agency, National Disability Insurance Agency, Department of Social Services, Department of Human Services, The Treasury, Reserve Bank of Australia, Disability Advocacy Network, Ability First Australia, National Disability Services, New Payments Platform Australia, Australian Digital Commerce Association and FinTech Australia.

“Given the complexity with the subject matter, we knew we needed to collaborate with a diverse range of government and industry leaders,” Ms Gilder said.

“We threw open the doors and the response has far exceeded our expectations. This has been a key factor to the success of the project thus far and we are very grateful for their input.”

CBA and Data61 will release a co-authored Making Money Smart report in November, which will examine the design benefits and limitations of the blockchain based system for the NDIS use case, including user feedback and recommendations on future applications.

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DLive: Revolutionizing Live Streaming with Community Focus and Blockchain Integration 1308

DLive, a popular live streaming platform, has experienced significant growth and transformation. The platform has established a reputation for its commitment to both community safety and freedom of speech, setting it apart from other streaming services.

One of the most notable improvements has been in the area of content moderation. DLive has implemented robust policies that effectively balance the need for a safe and inclusive platform with the principles of free expression. This has helped to address concerns raised in the past about the platform’s potential to serve as a haven for extremist ideologies.

DLive’s slogan, “Your Stream, Your Rules!” reflects the platform’s dedication to empowering creators. While freedom of expression is a cornerstone of DLive, it is tempered by a responsibility to maintain high-quality standards and ensure a safe environment for all users. These efforts have attracted a diverse audience to DLive, making it a popular destination for streamers and viewers alike.

To foster a thriving community of creators, DLive has implemented a multi-tiered partnership program offering exclusive features and collaboration opportunities. By meeting specific criteria, such as having a certain number of followers, subscribers, and active streaming hours, streamers can qualify for these partnerships.

The APENFT Streamer Incentive Program is one such partnership program. Launched on May 10th, 2024, with token sponsored by the APENFT Foundation, this program rewards DLive’s Affiliate and Partner streamers for creating high-quality content. Streamers earn points by maintaining a consistent streaming schedule, engaging with their audience, growing their fan base, and participating in various activities. These points determine their share of the total prize pool, which is distributed in reward tokens at the end of the season. Any attempts to manipulate the system result in disqualification, and reward tokens are only distributed to those who provide their HTX UID.

DLive has also demonstrated a strong commitment to fostering partnerships and collaborations within the gaming and entertainment industry. The BIGTIME weekend event, where DLive partnered with BIGTIME, an AAA MMORPG web3 game, to recruit over 50 streamers, showcased the platform’s diverse range of content and introduced new users to both platforms. By offering exclusive rewards, DLive and BIGTIME incentivized viewers to tune in and engage with the content.

DLive’s integration with blockchain technology has been a pivotal factor in its recent growth and success. The platform leverages the TRON and BitTorrent blockchain for its donation systems, providing a secure and transparent way for users to support their favorite streamers. This integration has also enabled DLive to offer unique features and benefits to both streamers and viewers, such as the ability to earn and spend cryptocurrencies within the platform ecosystem.

By harnessing the power of blockchain and prioritizing community safety, freedom of speech, and creator empowerment, DLive has positioned itself as a leading live streaming platform. Its commitment to fostering a thriving community and providing a diverse range of content has attracted a growing user base and solidified its reputation as a platform that values both creators and viewers.

GAM3S.GG Supercharges Platform with Arbitrum Integration and GAM3 Awards Partnership 1234

GAM3S.GG, the leading web3 gaming discovery platform with over 1 million registered users, today announced a comprehensive partnership with Arbitrum that includes both technical integration and event sponsorship. The collaboration marks a significant milestone as GAM3S.GG moves its on-chain infrastructure to the faster and more scalable Arbitrum network, while also welcoming Arbitrum as a key sponsor for the third annual GAM3 Awards.

The infrastructure migration encompasses GAM3S.GG’s complete Web3 ecosystem, including token and staking contracts, the platform’s quest engine with NFT distribution capabilities, and the Battle Pass system’s on-chain layer for Season 1. This strategic move aims to enhance the platform’s performance and scalability, with significantly faster transaction speeds and lower fees, for its growing user base.

“We’re excited to announce that GAM3S.GG’s on-chain infrastructure, including our $G3 token, quest engine, and Battle Pass system, are now powered by Arbitrum,” said Omar Ghanem, Co-founder and CEO of GAM3S.GG. “This integration delivers faster transactions and scalable solutions to all of GAM3S.GG’s users. We’re also excited to have Arbitrum as one of our key partners of the 2024 GAM3 Awards, where we’ll recognize the best in web3 gaming across the entire space.”

Nina Rong, Head of Ecosystem Development at The Arbitrum Foundation, added: “The GAM3SGG team and platform have consistently stood out as leaders in driving Web3 gaming forward in an impactful way,” said Nina Rong, Head of Partnerships at Arbitrum Foundation. “We’re excited to support the growth of their platform on Arbitrum, and we look forward to seeing the questing and battle pass system deepen gamer retention across Web3 games.”

The 2024 GAM3 Awards, set to be hosted live for the first time in Manila, Philippines, builds upon last year’s success which saw over 450,000 votes cast from 50,000 live viewers. This year’s ceremony features an expanded scope with 70+ jury members, 21 categories, and $5 million in prizes. Games built on Arbitrum have received 14 nominations across various categories, with standout titles including:

  • The Beacon: Nominated for Best Adventure Game, People’s Choice, Best Browser Game, and Best RPG
  • Pirate Nation: Nominated for Game of the Year, Best On-Chain Game, Best Card Game, Best Casual Game, People’s Choice and Best Browser Game
  • AI Arena: Nominated for Best Fighting Game and People’s Choice

Additionally, Arbitrum has been nominated in the new “Best Ecosystem” category, highlighting its growing influence in the Web3 gaming space.

Voting has commenced and will run until November 15th: gam3awards.com

About GAM3S.GG

GAM3S.GG is a web3 gaming superapp with over 1 million registered users that curates and creates content to spotlight the top games and showcase reviews, guides, news, quests, annual awards, and more. GAM3S.GG has built the #1 web3 gaming discovery platform over the past 3 years, as it continues to grow into the one-stop-shop for web3 gaming to help onboard millions of gamers, allowing them to engage with blockchain-powered games in unprecedented ways and becoming the ultimate bookmark on every gamer’s device. For more information: www.GAM3S.GG

About The Arbitrum Foundation

The Arbitrum Foundation, founded in March 2023, supports and grows the Arbitrum network and its community with secure scaling solutions for Ethereum. Arbitrum One—a leading Ethereum Layer-2 scaling solution initially developed by Offchain Labs—offers ultra-fast, low-cost transactions with security derived from Ethereum through Optimistic Rollup technology. Launched in August 2021, the Arbitrum One mainnet beta is EVM-compatible to the bytecode level and has 54%+ TVL in the L2 segment. 2000+ DeFi and NFT projects are live in the ecosystem to date. In August 2022, Arbitrum One upgraded to Nitro tech stack, enabling fraud proofs over the core engine of Geth compiled to WASM.

Chainlink Data Streams Is Now Live on opBNB To Power Secure DeFi Markets on the Optimized Layer-2 Solution 1154

Chainlink, the industry-standard decentralized computing platform, and BNB Chain, a community-driven blockchain ecosystem of Layer-1 and Layer-2 scaling solutions, announced today that Chainlink Data Streams, the all-in-one data solution for the DeFi market, is now live on opBNB, a high-performance layer 2 solution, with KiloEx, a decentralized perpetual exchange as a launch user for Data Streams on opBNB to help power their decentralized perpetuals.

opBNB is a layer-2 scaling solution for BNB Chain. It enhances scalability by offloading transaction processing and resource usage from BNB Chain while posting data to mainnet. Users can easily deposit funds from BNB Chain to opBNB, allowing them to interact with various applications and smart contracts on the network. The sequencer aggregates transactions, computes state transitions, and submits them to the rollup contract on BNB Chain, while provers generate cryptographic proofs to verify these transitions. opBNB can support up to 5,000-10,000 transactions per second (TPS).

“Chainlink Data Streams will significantly enhance the capabilities of high-performance DeFi applications on our optimized layer-2 solution. Data Streams’ low-latency delivery of market data, coupled with its battle-tested infrastructure, made it an obvious choice for the opBNB ecosystem.”—Marwan Kawadri, Head of EMEA, BNB Chain.

BNB Chain adopted Chainlink Data Streams as its preferred low-latency oracle solution for opBNB because it supplies premium high-frequency market data using proven Chainlink infrastructure. Not only does Data Streams deliver unmatched functionality—with advanced features such as liquidity-weighted bid-ask spreads and sub-second execution speed—but it does so without compromising on transparency and decentralization.

“We’re excited to see Chainlink Data Streams integrated on opBNB, as this will significantly increase the security and reliability of high-performance DeFi apps on the layer-2 network.”—Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs.

“We’re excited to have opBNB adopt the ultra-low-latency Chainlink Data Streams to bring highly accurate and reliable price information to the BNB Chain layer-2 solution. KiloEx is integrating this sub-second data to power our perpetuals and facilitate accurate and timely liquidations.”—Joey, Kiloex Founder.

If you’d like a deep dive into how Chainlink Data Streams works, read Chainlink’s blog post. If you’re a developer and want to start building with Chainlink Data Streams, check out the developer docs.

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $16 trillion in transaction value by providing financial institutions, startups, and developers worldwide with access to real-world data, offchain computation, and secure cross-chain interoperability across any blockchain. Chainlink powers verifiable applications and high-integrity markets for banking, DeFi, global trade, gaming, and other major sectors.

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link.

About BNB Chain

BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:

  • BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.
  • opBNB: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds.
  • BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.

Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.

BNB Chain’s Beacon Chain Final Sunset Set for November, 2024 543

BNB Chain, BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain by daily transactions, has issued a reminder about the upcoming final sunset of the BNB Beacon Chain. This significant event is scheduled for mid-November 2024. The final sunset is a crucial part of the ongoing BNB Chain Fusion, aimed at streamlining the ecosystem and enhancing overall efficiency and security.

The BNB Chain Fusion initiative is designed to consolidate functionalities onto the BNB Smart Chain (BSC), resulting in a more robust, efficient, and secure infrastructure. This transition will mark the end of the BNB Beacon Chain, with all functionalities being migrated to BSC.

Users are urged to transfer their BEP2 and BEP8 (mini BEP2 tokens) assets from the BNB Beacon Chain to the BNB Smart Chain (BSC) immediately. While the majority of assets have already been migrated, some BEP2/BEP8 assets remain on the Beacon Chain. To ensure continued access to assets, users should initiate the migration process now. This can be done through various platforms, including centralized exchanges, decentralized exchanges, and wallets like Trust Wallet.

Centralized exchanges (CEXs) are requested to disable all deposit functions to the BNB Beacon Chain as soon as possible to prevent further transactions on the network. To maximize security, CEXs should consolidate all remaining BEP2 assets into secure cold storage wallets ahead of the Beacon Chain’s shutdown.

Post-fusion, blockchain data will still be accessible through multiple BC RPC nodes and snapshots uploaded to platforms like Greenfield. The mainnet explorer will also remain active for viewing historical data. A snapshot of user balances will be taken at a specific block height following the fusion and users can easily verify their balances using the provided links and tools. A token recovery tool will be available for users to migrate BEP2/BEP8 assets from the Beacon Chain to BSC after the BNB Beacon Chain sunset. However, assets without cross-chain functionality will be permanently lost.

Consequences of Inaction:

  • BEP2/BEP8 Token Holders: Users can recover binded tokens even after the BNB Beacon Chain is shut. However, tokens not binded will be lost.
  • Centralized Exchanges: If CEXs do not promptly gather all BEP2/BEP8 tokens from user deposit addresses, they will face significant recovery challenges and costs. Unbound or unconsolidated tokens risk being lost.

About BNB Chain

BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of:

  • BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem’s governance chain.
  • opBNB: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds.
  • BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces.

Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program.

Infinex Chooses Wormhole as Primary Interoperability Solution for its Multichain DeFi App 505

Infinex, a next-generation platform that provides access to onchain protocols, services, and apps founded by Kain Warwick, creator of Synthetix, has announced that it has selected Wormhole as its primary interoperability provider. This collaboration will allow Infinex users to seamlessly transact and take actions across multiple blockchains, delivering a seamless, multichain experience that abstracts away the complexities of using multiple networks and tokens.

Wormhole is the world’s leading interoperability platform connecting over 30 blockchains, enabling secure, cross-chain messaging and asset transfers. It has powered over one billion cross-chain messages and facilitated more than $45 billion in asset transfers, making it the most trusted solution for multichain applications in the crypto space with integrators such as Securitize, BlackRock, Uniswap, and Circle. With a focus on security, speed, and connectivity, Wormhole is a key infrastructure solution for the leading DeFi projects globally.

Infinex is an innovative platform offering safe and easy access to onchain protocols, services, and apps. Known for its user-centric design and ease of use, Infinex is poised to become a major force in the future of DeFi by making onchain applications more accessible and secure for users.

Through this long-term collaboration, Infinex has started by integrating Wormhole Connect, providing users with a seamless, in-app token transfer experience across several blockchains. Additionally, Infinex utilizes Wormhole Queries to enhance user security and recovery mechanisms across chains. Wormhole Queries allows users to recover assets trapped on non-Base EVM chains by securely syncing account states across different chains with a single transaction. This ensures that users can easily recover non-USDC funds without needing passkeys or waiting for slow native bridge processes.

“Infinex’s vision is to simplify decentralized finance by creating a seamless, multichain user experience and providing the safest way to get onchain,” said Kain Warwick, Founder of Infinex. “To achieve this, we chose to integrate Wormhole because of its security, efficiency, and adoption among DeFi apps and institutions alike. With Wormhole, we ensure that our users can effortlessly interact across multiple chains, driving the next phase of multichain DeFi innovation.”

“We’re excited to be working alongside Infinex to power its multichain functionality behind the scenes,” said Robinson Burkey, Co-Founder of the Wormhole Foundation. “Infinex’s commitment to delivering a secure and seamless onchain experience resonates with our mission among Wormhole contributors. Together, we’re building a strong, scalable platform that allows users to navigate the multichain world with confidence and ease.”

This collaboration marks only the beginning of a deep, multifaceted collaboration between Infinex and Wormhole. More integrations are already in the pipeline, with additional features to be rolled out in the coming months.

For more information about the Wormhole platform, please visit: https://wormhole.com.

For more information about Infinex, visit https://infinex.xyz

About Wormhole:

Wormhole is the leading interoperability platform powering multichain applications and bridges at scale. Wormhole provides developers access to liquidity and users on over 30 of the leading blockchain networks, enabling use cases that span DeFi, NFTs, governance, and more. Learn more at wormhole.com.

About Infinex:

Infinex provides access to onchain protocols, services, and applications. It is non-custodial, using a novel security architecture centered around onchain smart accounts and passkeys. Infinex currently supports six EVM and non-EVM chains, including Solana, Base, and Arbitrum. Infinex is designed to replace centralized platforms as the primary point of interaction for crypto users. To learn more, please visit https://infinex.xyz

Axelar Launches Mobius Development Stack (MDS), A Reimagined Web3 Design Space 511

MDS is a New Interoperability Standard Leveraging Enhanced AXL Token Utility to Power Infinite Security and Scalability Across Web3. Top L1s Are Cued to Launch; Augmentable Security via Babylon and EigenLayer; and a Vendor-Agnostic Interface Built With OpenZeppelin

Axelar, a leader in blockchain interoperability, has launched the Mobius Development Stack (MDS) on mainnet, following on-chain governance approval. MDS is the first-and-only holistic interoperability platform. MDS enables customizable, self-service integration with any on-chain or off-chain system, creating a new design space for decentralized applications. The list of upcoming layer 1 interoperability launches includes Solana, Stellar, Sui and XRP Ledger – powered by the newly launched Interchain Amplifier.

MDS is set to redefine how data, value and users connect and interact across a reimagined Web 3.0: One connection, limitless possibilities.

“What we know as ‘Web3’ was supposed to break free from walled gardens,” said Georgios Vlachos, director at Axelar Foundation and co-founder of the Axelar protocol. “Instead, we have a blockchain ecosystem where user experience is broken and developer capabilities are limited. MDS empowers developers to build decentralized applications that compose resources, logic, value and network effects freely across a truly global internet landscape.”

Axelar’s Mobius Development Stack is a platform for an omnichain world, where decentralized applications not only integrate with but also surpass traditional systems in functionality, access and user experience. This new era of internet design prioritizes openness, flexibility, and interoperability, redefining how applications are built and how users interact with them.

“Interoperability stacks have traditionally been in catch-up mode with the rapid growth in the number of blockchains,” said Sergey Gorbunov, CEO of Interop Labs and co-founder of Axelar protocol. “MDS is the first architecture that allows us to keep up with the demand. It scales to support thousands of heterogeneous blockchains offering strong security properties, and allowing innovation to continue to happen at all levels of the stack. It allows developers to easily plug in their blockchain to the ‘Internet’ of blockchains and build dApps that span all chains at the same time.”

Key Benefits of the Mobius Development Stack (MDS):

  • Self-service, customizable connections: Newly approved through on-chain governance and launched on mainnet, Interchain Amplifier introduces a novel staking approach that enables permissionless, dynamic, customizable integrations, with diverse consensus approaches like Flow, Hedera, Solana, Stellar, Sui and XRP Ledger cued up to connect.
  • Native tokens anywhere, beyond bridges: With the Interchain Token Service (ITS), anyone can access rapid tokenization of both crypto and real-world assets; tokenize assets like real estate or intellectual property, unlocking liquidity and enabling fractional ownership on any chain.
  • Connecting on/off-chain: Acting as a gateway between Web2 and Web3, MDS allows various off-chain actors (e.g., ZK co-processors, AI co-processors) to interact with Web3 dApps through a single, secure transaction on the Axelar network.
  • Limitless community: Foster omnichain user experiences, allowing developers to engage users on any blockchain. For example, NFTs can extend across multiple chains, while automating royalty payments; solutions deliver rapid RWA tokenization and unified payments and services in the DePIN space

Integrating with Leading Ecosystems to Establish Standards for Interoperability

MDS enables self-service, customizable connection to blockchains powered by any form of consensus – which is why leading L1 blockchain ecosystems are adopting, with formal launches expected in the coming weeks.

“The Sui ecosystem is making significant advances with innovations such as Mysticeti, a new consensus algorithm that offers the fastest end-to-end transactions speeds in the industry, as well as zkLogin and sponsored transactions which make onboarding new users seamless,” said Adeniyi Abiodun, co-founder and Chief Product Officer at Mysten Labs, which developed the Sui Network. “Axelar MDS will give developers the tools to compose these innovations with technology and communities across Web3.”

“Axelar developers are once again pushing the envelope on what a secure, developer-friendly and modular cross-chain tech stack can be,” said Stellar Development Foundation Chief Product Officer Tomer Weller. “We are excited about working with Axelar and look forward to this integration strengthening Stellar’s position in the rapidly evolving DeFi space.”

With Mobius, global financial services firms and blockchain innovators can connect private-chain environments to public layer 1s, unlocking the potential of tokenized assets.

“Bringing Web3 to traditional finance was meant to break down the siloed, opaque systems of the past in favor of open, transparent blockchain rails. However, without seamless interoperability, we only get part of the way there,” said Jasmine Cooper, head of product at RippleX. “Different blockchains serve specific purposes and niches, and to fully unlock the potential of real-world asset tokenization and financial use cases, cross-chain asset mobility and protocol access are crucial. By integrating the XRP Ledger with Axelar MDS, we are moving another step closer to unlocking value for both users and developers, enabling them to leverage new opportunities for interoperability and build and operate on a truly globally, decentralized network.”

Flexible Security to Meet Institutional Requirements

With MDS, Axelar will become the first institutional-grade interoperability network to integrate Babylon and EigenLayer (subject to online governance), bringing Bitcoin- and Ethereum-level security to cross-chain interactions.

“Today, we build and work in a multichain world – but one blockchain, Bitcoin, still sets the standard for security,” said David Tse, co-founder of Babylon Blockchain. “Through this integration, Axelar MDS will make Bitcoin security available to any application across Web3. It sets a new standard for secure interoperability across all chains.”

This is key for institutional participants who require the highest-quality digital collateral to secure trillions in total value locked (TVL). For the second year in a row, Axelar is supporting top-10 global investment banks with their projects at the Monetary Authority of Singapore’s Project Guardian initiative.

“Integration with Axelar Mobius Development Stack opens a universe of restaking opportunities in new use cases that were inaccessible to Eigen previously” said Luke Hajdukiewicz, EigenLayer Head of AVS BD. “Axelar and EigenLayer are reaching toward the same vision: a horizontally scalable Web3 in which developers compose freely across user networks and resources.”

Vendor-Agnostic, Open Interface

OpenZeppelin is the leader in Web3 developer tools, with smart-contract libraries that have secured over $7 trillion in value transferred. The previously announced integration into these libraries now adds an evolutionary step for interoperability: an open interface compatible with all major interoperability protocols.

“We’ve already made great progress with Interop Labs toward integrating Axelar into OpenZeppelin’s leading smart-contract libraries,” said Luca Cosivi, ecosystem development lead at OpenZeppelin. “That collaboration just took on a new dimension: a completely open set of semantics that is vendor-agnostic, so dApp developers can truly build interoperability from Day One.”

As Axelar is integrated into OpenZeppelin libraries, these open interoperability standards will be available to developers at the start of their dApp-building journey, so dApps can go multichain on Day One, without vendor lock-in.

A New Security Approach and Improved AXL Tokenomics

With the Mobius release, Interchain Amplifier launches to mainnet, following its approval by on-chain governance. This long-anticipated feature enables permissionless cross-chain connections with a novel consensus approach that exists at the smart-contract layer. This is supported by a new security approach, powered by the AXL token:

  • New chains and off-chain resources connect securely via designated groups of verifiers, and set aside pools of AXL incentives.
  • Verifiers post collateral in AXL, restaked ETH and/or restaked BTC.
  • A mechanism has been proposed to send AXL transaction fees to a burn address, instead of distributing them to tokenholders.

Protocol-level development is not needed, accelerating and expanding accessibility; any consensus mechanism or off-chain system can connect in this way.

Users can learn more about Axelar MDS: axelar.network/mobius.

About Axelar

Axelar is the Web3 interoperability platform, delivering the shortest path to scale: an open stack to connect all blockchains. Adopters include Uniswap, Microsoft and dozens of natively multichain startups, building applications to reach all blockchain users at once – 10X as many active users as the leading Web3 application environment. Axelar supports smart contracts on a cross-chain layer that is open, scalable and secure. Backers include Binance, Coinbase, Dragonfly, Galaxy and Polychain. Learn more: axelar.network.

About Axelar Foundation

Axelar Foundation is a nonprofit established to support the growth and adoption of the Axelar network, a decentralized interoperability network that connects multiple blockchain ecosystems. Users can learn more at axelar.foundation.

About Babylon

Babylon is a project that designs Bitcoin security-sharing protocols with a vision of building a Bitcoin-secured decentralised world. Its latest development is the world’s first trustless and self-custodial Bitcoin staking protocol, which enables Bitcoin holders to stake their BTC on Proof-of-Stake (PoS) systems such as PoS chains, L2s, Data Availability (DA) layers, etc, enabling them to earn yield without the need for third-party custody, bridge solutions, or wrapping services. Babylon’s approach combines the high security and wide adoption of Bitcoin with the efficiency and scalability of PoS systems, increasing Bitcoin’s utility.

About EigenLayer

EigenLayer is a protocol built on Ethereum that pioneered restaking, a new primitive in cryptoeconomic security. Through EigenLayer’s system of interconnected smart contracts, any ERC-20 token can be “restaked” to participate in not one, but any number of Actively Validated Services (AVSs) in exchange for fees and/or rewards. Operators opt into these opportunities by running additional node software and in some cases grant the EigenLayer smart contracts the ability to impose additional slashing conditions on their assets as specified by the AVS. EigenLayer’s core objective is to unlock a new era of open innovation by reducing developer complexity when building and bootstrapping decentralized networks from scratch.

About Interop Labs

Interop Labs is a leading developer of blockchain interoperability technology, used by Web3 infrastructure protocols to support scaling the next generation of internet applications to billions of users. Interop Labs is the initial developer of Axelar network. Learn more at interoplabs.io.

About Mysten Labs

Mysten Labs is a team of leading distributed systems, programming languages, and cryptography experts whose founders were senior executives and lead architects of pioneering blockchain projects. The mission of Mysten Labs is to create foundational infrastructure for web3. Users can learn more: https://mystenlabs.com

About OpenZeppelin

Founded in 2015, OpenZeppelin is dedicated to creating and protecting the open economy through secure and reliable blockchain infrastructure. Our widely-used OpenZeppelin Contracts Library has secured over $7 trillion in total value transferred, and our Defender Cloud Services streamline and safeguard decentralized applications. We empower developers with industry-leading tools and initiatives, fostering a secure blockchain ecosystem. Trusted by top projects globally, OpenZeppelin is your partner in building a safe and interoperable decentralized future. Users can learn more at: www.openzeppelin.com

About Stellar

Stellar is more than a blockchain. Powered by a decentralized, fast, scalable, and uniquely sustainable network made for financial products and services and a thriving and passionate ecosystem that includes a non-profit organization driven by a mission, Stellar is paving the path to unlock the world’s economic potential through blockchain technology. Built with speed and low costs in mind, the Stellar network provides builders and financial institutions worldwide a platform to issue assets, and to send and convert currencies in real time creating real world utility. Founded in 2014, the Stellar Development Foundation (SDF) supports the continued development and growth of the Stellar network and also serves the ecosystem of NGOs, corporations, universities, small businesses, governments, and solo entrepreneurs building on the Stellar network through tooling, funding and strategic collaborations. Together, Stellar is where blockchain meets the real world.

About Sui

Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing user-friendly experiences. For more information about Sui, users can visit https://sui.io.

About XRP Ledger

The XRP Ledger (XRPL) is a decentralized layer 1 blockchain renowned for its decade-long reliability and stability in tokenizing and exchanging crypto-native and real-world assets. Designed to support businesses and builders, it is powered by XRP, a cryptocurrency purpose-built for payments. Trusted by over 1,000 visionary builders and businesses worldwide, the XRP Ledger offers institutional-grade functionality and built-in features to enable secure, efficient, and scalable financial services and use cases. It’s more than just a blockchain – it’s a global developer community dedicated to transforming future business solutions.