South Korea Budgets a Trillion Won for Blockchain Tech in 2019 4928

South Korea’s government has earmarked a 5 trillion won ($4.4 billion) budget toward its ‘Growth through Innovation’ investment program in eight critical sectors with a particular focus on blockchain and AI.

In a meeting in Seoul on Monday, South Korea’s finance minister Kim Dong-yeon confirmed plans of a 5 trillion won investment toward its innovation program in 2019, a sharp 65 percent increase from this year’s budgetary spend.

The South Korean government is keen on developing the infrastructure of a platform economy with a marked focus on blockchain, big data and artificial intelligence. The finance ministry, as quoted by Korean publication Yonhap, said:

“The measures will help facilitate the platform economy, which in turn will help speed up innovative growth.”

According to details from the ministry’s own website, the areas of big data, AI, blockchain and sharing economy has collectively seen an investment of 579.9 billion won ($511 million) in 2018. In 2019, Korea’s finance ministry reveals an investment of 1,040 billion won ($918 billion) for the sectors, a near 80% increase in investments into the spaces. About building a ‘big data platform’, the Ministry said:

The government will focus on promoting big data and AI, developing blockchain technology to ensure data management security and boosting the sharing economy.

Separately, the government is also allocating a budgetary spend upwards of 60 billion won ($53 million) for ‘nurturing’ 10,00 specialists in eight promising sectors, which will also be aided by a 30 trillion won ($26 billion) investment by state-led companies, the ministry added.

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Ordiswap v2 is live on Mainnet: The first native AMM on Bitcoin 7458

Ordiswap v2, the first AMM on the Bitcoin native layer, is now fully live!

Users can:

  • Seamlessly swap BRC-20s
  • Transfer tokens cross-chain b/w Bitcoin and Ethereum
  • Stake their $ORDS
  • Provide liquidity for yields
  • Create their own pools

The following liquidity pools are now live:

  • [ $ORDI ] – BTC/ORDI
  • [ $SATS ] – BTC/SATS
  • [ $BTCS ] – BTC/BTCS
  • [ $RATS ] – BTC/RATS
  • [ $COM ] – BTC/.COM
  • [ $GHSY ] – BTC/GHSY
  • [ $LIGO ] – BTC/LIGO
  • [ $TRAC ] – BTC/TRAC

What is Ordiswap?

There are markets, wallets and volume in Bitcoin DeFi. But, this is overshadowed by bad UX, high slippage, illiquidity and a lack of transactional efficiency.

In addition, the Bitcoin network is limited in programmability, performance and scalability, without basic DeFi infrastructure like smart contracts. This makes it very difficult to trade Bitcoin-native tokens like BRC-20s in a decentralized, non-custodial setting.

Ordiswap helps users overcome all of these limitations, enabling a direct avenue for users to engage in BTC/BRC-20 trades on Bitcoin’s native layer.

Ordiswap eliminates reliance on external intermediaries, providing a direct, efficient, and secure means of accessing liquidity — natively on Bitcoin.

Think Uniswap, but on Bitcoin’s native layer.

  • Ordiswap enables complex computations on the Bitcoin native layer with the help of “off-chain balance states” — managing user balances and interactions with periodic settlements on Bitcoin. These transactions inherit the security and finality of Bitcoin.
  • There is seamless interoperability with the EVM ecosystem, with cross-chain swaps enabled via the highly liquid THORChain pools. No bridges, no L2s, no problem.
  • Users can create pools in a permissionless manner, provide liquidity and stake to earn yields. Ordiswap is the first protocol to enable LP tokens to exist on Bitcoin.

This means:

  • No more fractured liquidity. With easy avenues to bridge to L1, liquidity is coming home to Bitcoin.
  • An efficient, low-slippage, interoperable infrastructure which will allow a thousand DeFi primitives to bloom on Bitcoin. Expect yield farms, decentralized lending markets etc.
  • No more over-the-counter (OTC) trades.
  • Ordiswap LP tokens can be plugged into all different types of DeFi applications, opening up a whole new world of composability and network effects.

Ordiswap achievements

In summary, Ordiswap has managed to:

  • Create the first AMM that is native to Bitcoin L1.
  • Port over EVM logic to Bitcoin for the first time, resulting in unparalleled efficiency, speed and interoperability.
  • Pioneered the creation of primitives like LP tokens on Bitcoin, vastly expanding the composable nature of L1 DeFi.
  • All user actions (swaps, trades, bridging etc) are completed in two block confirmations — it required four blocks, previously.

Ordiswap roadmap

Ordiswap has announced plans to launch a proprietary Layer-2 (Ordilayer), an overcollateralized & decentralized stablecoin (BTSD), a BRC-20 launchpad (Ordipad), and more.

Conclusion

The Bitcoin network has reached a pivotal moment with the rise of decentralized finance (DeFi) applications, fueled by significant developments such as the Taproot upgrade, BRC-20 standards, and the launch of Ordinals. Ordiswap is a leading player in this space, constructing a comprehensive infrastructure for Bitcoin DeFi, introducing innovative solutions like the Ordiswap AMM and ensuring seamless interoperability with the EVM. With its groundbreaking features, Ordiswap is setting the stage for a BTCfi summer, where the most decentralized and liquid network becomes a thriving hub for various DeFi primitives. In the coming months, expect to see an expanded product suite with the launches of L2 Ordilayer, stablecoin BTSD, and a BRC-20 launchpad (Ordipad).

Solsniffer Is The First Token Sniffer On Solana About To Set A New Security Standard 7048

Solsniffer, the first blockchain intelligence tool for the Solana blockchain, is now live!

Bonk’s explosive rise gave Solana an impressive boost in traders adoption, but with great power comes great challenges. The inflow of scams on Solana made it clear it needed a security upgrade.

The app allows Solana traders to make better-informed decisions by detecting security risks on Solana tokens with +18 security indicators. Some of these include mint risk, freeze risk, liquidity check, metadata immutability, and many more.

In the future versions of the blockchain intelligence tool, over 40 security indicators will be used to analyze Solana tokens, and an API will also be deployed for ecosystem partners building with our technology.

Solsniffer aims to become a leader in the blockchain intelligence sphere on Solana.

“As the first blockchain intelligence app of its kind on Solana, we believe Solsniffer represents the need for traders to be safe and to understand the risks of the tokens they interact with. It is no longer business as usual for scammers; it’s time to be a step ahead of fraud,” say the team founders.

Experienced with innovative blockchain products, the team is planning to release a new platform update every week until the roadmap is completed.

Announcements will be released in the coming weeks inside the Solsniffer Telegram community.

For more information, visit solsniffer.com.

About Solsniffer

Solsniffer is the first Solana token sniffer against vulnerabilities, security risks and frauds. As visionaries in the blockchain security space, the Solsniffer’s team aims to set a new security standard on Solana. With its 1-click token scanning, Solana users can make better-informed decisions by detecting potential scams.

Zoniqx and Ripple Partner to Bring Multi-Asset Tokenization onto the XRP Ledger 7700

Zoniqx (formerly known as Tassets) a pioneer in digital asset management, announced today its partnership with Ripple, an enterprise blockchain and crypto solutions provider. This strategic collaboration harnesses the robust, scalable infrastructure of the XRP Ledger (XRPL) and seamlessly integrates it with Zoniqx’s cutting-edge Tokenization Platform as a Service (TPaaS) and Tokenization Life Cycle Management (TALM) solutions. Tokenization improves access to an asset class by reducing traditional barriers to entry, lowering costs and eliminating geographical boundaries.

The partnership aims to streamline the tokenization process for real-world assets on XRPL, which supports native (XRP) and issued tokens to represent assets on-chain, making the process more efficient, accessible and liquid in the digital asset market. By leveraging XRPL’s fast, safe and low-cost blockchain infrastructure alongside Zoniqx’s state-of-the-art tokenization and digital asset lifecycle management offerings, the integration seeks to redefine industry standards and facilitate the seamless digital conversion of traditional assets on-chain.

Revolutionizing Asset Tokenization on the XRPL

Zoniqx’s integration with the XRPL will allow the tokenization of multiple real-world financial assets on the XRPL and offers a low-code conversion of real-world assets into digital assets. Zoniqx’s tokenization platform as a service TPaaS) ensures compliance with local jurisdictions by leveraging the Dynamic Interoperable Compliance Security Token Standard (DyCIST) standard and provides direct access to liquidity options.

Token issuers can seamlessly integrate with the XRPL and experience an intuitive interface for primary users to participate in asset tokenization. Users can easily create accounts, complete Know Your Customer (KYC) verification, and submit buy offers to receive tokens, thereby enhancing accessibility and liquidity in the digital asset market on the XRPL.

CEO and Founder of Zoniqx, Prasanth Kalangi said: “Joining forces with Ripple is a testament to our commitment to setting new standards in the digital asset space. Our combined efforts will ensure the tokenization of assets is not only dynamic and compliant, but also accessible to everyone, everywhere.”

Markus Infanger, SVP of RippleX said: “Zoniqx’s integration with the XRPL marks a significant milestone in the journey to enable the Internet of Value. By integrating XRPL’s fast, cost-efficient blockchain technology with Zoniqx’s pioneering tokenization services, the XRPL is poised to showcase unparalleled efficiency and scalability to the world of asset tokenization.”

About the XRP Ledger

The XRP Ledger 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, the XRP Ledger, powered by XRP, 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. Learn more and build your business with confidence at XRPL.org.

About Ripple

Ripple is the leader in enterprise blockchain and crypto solutions, transforming how the world moves, manages and tokenizes value. Ripple’s business solutions are faster, more transparent, and more cost effective – solving inefficiencies that have long defined the status quo. And together with partners and the larger developer community, we identify use cases where crypto technology will inspire new business models and create opportunity for more people. With every solution, we’re realizing a more sustainable global economy and planet – increasing access to inclusive and scalable financial systems while leveraging carbon neutral blockchain technology and a green digital asset, XRP. This is how we deliver on our mission to build crypto solutions for a world without economic borders.

About Zoniqx

Zoniqx, formerly known as Tassets, stands as a beacon in financial technology from Silicon Valley, specializing in Tokenization Platform as a Service (TPaaS). It adeptly transforms Real World Assets into Digital Assets. The cornerstone of its offerings, the Tokenized Asset Lifecycle Management (TALM) solution, embraces the DyCIST – Dynamic Compliant Interoperable Security Token (ERC-7518) standard, ensuring utmost security and scalability. Central to Zoniqx’s ecosystem is SecureConnect, a groundbreaking platform that seamlessly bridges asset tokenization with institutional liquidity, amplifying market reach and ensuring compliance. This synergy positions Zoniqx not just as a provider but as an innovator at the forefront of digital asset transformation.

Superfluid Secures $5.1M to Launch Distribution Pools and Unlock One-to-Many Streams 7892

Optimism, Gitcoin and ENS DAO Adopt Token Streaming Protocol For Grant and Hackathon Payments

Superfluid, the leading asset streaming protocol that brings subscriptions, salaries and rewards to DAOs and crypto-native businesses, today announced a $5.1M strategic round led by Fabric Ventures with participation from Multicoin Capital, IOSG Ventures, Circle Ventures, Safe Foundation, WAGMI Ventures, Eterna Capital, Veris Ventures, Skyland Ventures and Hyperithm. Notable angel investors also include The LAO, Bernardo Bilotta, Alex Van De Sande, Kartik Talwar, and Taavet+Sten. This round brings the company’s total financing to date to $14.1M. The new funds will be used to support Superfluid’s growing developer ecosystem, expand the core team, and launch Distribution Pools.

In addition to raising the new funds, the company also announced Distribution Pools today. Distribution Pools give developers a powerful tool to program one-to-many streams that easily scale to up to millions of recipients in real-time. Developers can program Distribution Pool streams for a variety of use-cases, including dynamic revenue sharing, continuous token rewards, grant payouts, and programmable airdrops.

“Superfluid is off to a hot start in 2024. We’ve been working closely with several DAO leaders to streamline their payment operations to contributors and sub-DAOs, and have several pilots in the works that meaningfully demonstrate the power of Superfluid,” said Francesco Renzi, Co-Founder and CEO of Superfluid. “Fabric is known for its strategic support of innovative blockchain and crypto projects. This funding will be instrumental in advancing Superfluid’s mission to accelerate the flow of value around the world.”

In December 2023, ENS DAO held an open procurement process and selected Superfluid to distribute $5.4M in developer grants. Optimism also selected Superfluid to distribute 30M OP tokens (approximately $114M USD) of their Retroactive Public Goods Funding (RPGF), which are being distributed to over 500 leading projects and individuals in the web3 industry instantly onboarding them as Superfluid users.

“Superfluid represents a 0-to-1 innovation in money movement. Streaming payments, from salaries, subscriptions, and renting, will revolutionize our financial lives,“ said Anil Hansjee, General Partner, Fabric Ventures. “We’re excited to be a part of this vision and back Fran and the team as they continue to build out Streaming as a new core primitive for DeFi.”

Gitcoin’s Allo Protocol, an open-source funding protocol, and Geoweb, a public-good inspired AR metaverse, are leveraging Superfluid Distribution Pools to develop Streaming Quadratic Funding, a new public goods funding mechanism. A paradigm shift from one-off funding to continuous and real-time funding, dynamically allocated over time through the democratizing quadratic functions pioneered by Gitcoin. Funding allocations can now be tied to project progress and change based on the milestones achieved.

“We are glad to see the integration of Superfluid’s Distribution Pools into Allo Protocol, enabling continuous and dynamically allocated streaming for high velocity Quadratic Funding,” stated Meg Lister, General Manager of Grants Lab, a newly established business unit within Gitcoin. “The Distribution Pools play an essential role in bringing more consistency for grantees, aligning with our efforts to empower communities to leverage web3 technology for funding Public Goods effectively.”

Following the launch of Distribution Pools, the Superfluid protocol V1 will be feature complete. The company plans to decentralize core protocol governance to the community later this year.

About Superfluid

Founded in 2020, Superfluid is an asset streaming protocol that has the power to describe cash flows and execute them automatically on-chain over time in a non-interactive way. Superfluid streams are programmable, composable and modular. The first cash flow types allow constant streams of value and one-to-many distributions. All streams are settled at the same time, based on block timestamps. No capital is locked up, and all inflows and outflows are netted in real-time, drastically increasing capital efficiency. Learn more about Superfluid at https://www.superfluid.finance.

About Fabric Ventures

Fabric is a venture contributor building and backing the boldest ideas across Web3 and AI, to create a more fair, productive and sustainable economy—an Open Economy. We provide capital and technical support to Founders across the entire lifecycle of their companies. Fabric has a portfolio of 116 global investments across pre-ideation to Series B and beyond with a few of our portfolio deals including: Polkadot, Sorare, NEAR, 1inch and many more.

Curtain Fell: Ideal Cooperation Blockchain (ICB) Presents Advanced Blockchain Network at ICO Level 9273

ICB Crypto Services eagerly announces the initiation of Ideal Cooperation Blockchain (ICB), a prominent venture introduced by ICB Labs. After its recent inception a few years ago, ICB Labs is going to organize an official launch of the blockchain network at the ICO level in Q1 2024, setting new standards within the blockchain industry.

Ideal Cooperation Blockchain network, also known as ICBX, is a promising project focusing on smart contracts and intermediary-free transactions. Addressing the reported troubles and issues found in other blockchains, the ICB blockchain’s foundational layer introduces significant changes, enhancing efficiency and rapid responsiveness.

Brief Description

The PoS Consensus Algorithm in ICBX offers an innovative method for verification and block formation, implementing advanced technologies to increase network performance and trust. CertiK, a leading security-focused ranking platform, has officially approved the ICB project, affirming the measures and precautions taken.

ICB Network’s blockchain bonding mechanism allows participants to lock their tokens as collateral, showcasing commitment and enthusiasm towards supporting decentralized applications within the network.

The democratic governance model within ICB empowers token holders to participate in network decision-making, boosting transparency and active engagement.

Efficient Technical Solutions

ICB Network’s compatibility with the Ethereum Virtual Machine (EVM) empowers developers to create smart contracts securely and efficiently. Adherence to standards like ERC-20, ERC-721, and ERC-1155 ensures accurate smart contract definition and interaction with other EVM applications.

ICB Scan, an explorer within the ICB network, enhances transparency with open-source features, precise transaction tracking, and contract details checking. The ICBX project’s testnet phase and DAO implementation contribute to sustainable and secure development.

About ICB

Established in October 2020, ICB Labs marks the company’s breakthrough into the blockchain industry. With a mission to provide quick, affordable, and advanced blockchain technology, ICB is going to enrich the industry and restore trust through crypto’s potential.

ICB’s ecosystem, ICB NETWORK BIT, is part of a wider interconnected system, aiming to deliver the best possible experience. The ICB token serves as a versatile digital currency, facilitating transactions, network governance, and incentivizing active participation.

Ideal Cooperation Blockchain (ICB) possesses winning features, modern technologies, and commitment to efficiency and security. The launch at the ICO stage will definitely contribute to blockchain development, promising transparency, accessibility, and trust within the ICB ecosystem.

***

For more information, visit the official website at https://www.icb.network/ or check the latest news via the channels specified below:

Twitter: https://twitter.com/icbxnetwork
Telegram: https://t.me/icbnetwork_official
Medium: https://readicbnetwork.medium.com/
Linktree: https://linktr.ee/icbnetwork

High-potential platform: ICB Crypto Services declares official launch of ideal cooperation blockchain at ICO level 9703

ICB Crypto Services introduces its brand-new venture, the Ideal Cooperation Blockchain (ICB) network. The official launch of the network at the ICO level is scheduled for early 2024. This promising project is entering the blockchain industry with avant-garde technologies and adherence to the EVM standard.

The ICB network, also known as ICBX, was designed by ICB Labs. Established in October 2020, ICB Labs is an innovative branch of ICB Crypto Services.

The primary goal of their initiative is to enhance blockchain smart contracts and maintain fruitful partnerships with other networks.

The key aspect of the project lies in the foundational layer of the ICB blockchain, designed to tackle challenges observed in prior blockchains, leading to substantial improvements.

Additionally, the ICBX feature streamlines the adjustment of block sizes, ensuring efficient and prompt responsiveness.

The PoS (Proof of Stake) Consensus Algorithm, backed by advanced technologies, increases the level of trust by employing biometric data and KYC to ensure security.

Principal features

ICB network implements Proof of Stake (PoS). It stands out with its exquisite design, cutting-edge features, and dedication to efficiency, security, and scalability. The key points include:

Innovative approach

Integration of advanced technologies and adherence to the Ethereum Virtual Machine (EVM) standard.

Focus on smart contracts

Emphasis on the development of smart contracts and intermediary-free transactions.

Trustworthiness and efficiency

Implementation of PoS Consensus Algorithm to enhance network performance.

Democratic governance

The democratic administration model allows token holders to influence significant network decisions, ensuring transparency and direct engagement.

Token power

The ICB, a versatile digital currency, facilitates transactions, governance, and incentivizes participation across various sectors of the blockchain industry.

Proven security

CertiK, a leading security-focused ranking platform, has officially endorsed ICB, affirming the robust security measures implemented in the project. The ICB network’s blockchain bonding mechanism empowers participants to lock tokens as collateral, fostering trust and incentivizing active participation.

“The platform effortlessly bridges the gap between intricate blockchain technologies and user accessibility. I’ve found the insights provided to be invaluable, offering a unique blend of depth and clarity that’s hard to come by elsewhere.” Chris DeFuria, Chief Executive Officer.

About ICB

Established in October 2020, ICB Labs is the first step for ICB Crypto Services into the blockchain industry. The goal is to address challenges in the blockchain and cryptocurrency space using modern technologies, providing quick, affordable, and advanced solutions.

The launch of the ICB network marks a significant milestone in the industry, combining innovation, security, and transparency. With its remarkable features, trustworthiness, and democratic governance, ICB is determined to influence various blockchain sectors, greeting a new era of digital excellence.

For more information, visit the official website at https://www.icb.network/