KILT takes first step towards multi-chain future with Ethereum integration 29

KILT’s expansion to Ethereum, enabled by Project Polar Path, ensures secure and trustless token switches

KILT, a blockchain identity protocol for generating self-sovereign, decentralized identifiers (DIDs) and Verifiable Credentials (VCs), today announces the launch of the KILT token on Ethereum. This pivotal development signifies KILT’s expansion beyond the Polkadot ecosystem and opens the door to a new era of flexibility and exposure for KILT tokens.

With KILT now accessible on Ethereum, it taps into the largest decentralized finance (DeFi) ecosystem, allowing holders to engage with a wide array of DeFi products. This expansion is a step forward in enhancing KILT’s visibility among developers and users to enable greater adoption within the crypto community.

“Engagement with our community has revealed a strong interest in expanding into other ecosystems,” said Ingo Rübe, Founder and CEO of KILT. “We are committed to making the KILT token accessible across a broader range of platforms, providing our users with greater flexibility and exciting new opportunities.”

Through Project Polar Path, built by the KILT Core Team, KILT token holders can now switch their assets to Ethereum. The development brings substantial opportunities for both KILT and other Polkadot parachain projects, which can now use Polar Path to also make their tokens available on Ethereum. Thanks to Snowbridge’s architecture, Project Polar Path ensures that every token switch remains secure and trustless, allowing users to switch assets between networks without compromising security. The initiative features a user-friendly interface developed by the Galani Projects team, which includes a new tab for the switch pair functionality within the Snowbridge application.

Rish Kumar, Head of Growth for KILT, said: “Venturing into Ethereum is just the beginning of our vision for multi-chain integration. We are actively exploring additional blockchain networks to enhance our ecosystem and offer even more options for our community. We encourage everyone to join us on this journey and discover the potential of KILT!”

For more information, visit: KILT.io.

Ingo Rübe, Founder and CEO of KILT, is available for interviews.

About KILT

KILT is an identity blockchain for generating decentralized identifiers (DIDs) and Verifiable Credentials, providing secure, practical identity solutions for enterprises, governments, and consumers. KILT brings the traditional process of trust in real-world credentials (passport, driver’s license) to the digital world, while keeping data private and in possession of its owner.

Previous ArticleNext Article

Codex testnet launch ramps up decentralised data storage with democratisation and incentivisation 75

Codex, a decentralised durability engine and storage network, has deployed its first testnet alongside the release of the project’s first whitepaper, to advance the vision of preserving the world’s most important knowledge without risk of censorship.

This initial Codex testnet will measure the robustness of the system under a variety of conditions as Codex readies for mainnet launch, targeted for 2025. The combination of the core components of erasure coding and the proving system upgrades will provide higher durability with cost-savings over time, benefiting both storage providers and users.

The use of ZK proof-based remote auditing with ongoing proof aggregation optimizations to reduce costs in the network will allow support for real-world use cases, first with static data and then eventually, with hotter data.

Dmitriy Ryajov, Founder and Lead of Codex says: ‘The premise of Codex is to enable ease of use and scaling of decentralised data storage to meet the rising global demand. We are proud to have advanced our major first steps to mainstream use, with initial performance tests intended to achieve results like “BitTorrent with persistence”, which aims to enable true security and durability for our most important data.’

Codex new whitepaper

The new whitepaper outlines the core components and architecture of Codex’s innovative approach to decentralised storage through the use of Decentralised Durability Engine (DDE) principles. With DDE integration, a token-based incentive structure and a P2P network system architecture, Codex aims to offer a robust, censorship-resistant alternative to traditional centralised storage solutions.

Other components feature tight integration of redundancy, ZK proof-enabled remote auditing, repair mechanisms, and data dispersal. In addition, erasure coding unlocks the ability to store massive datasets larger than any single node on a network and is vastly more efficient than replication.

Another core benefit of Codex is the incentivised participation by design, which aims to ensure cost-effectiveness. Users and developers will be incentivised to contribute storage to the network, creating a self-sustaining ecosystem that aims to benefit all participants. In comparison to other decentralised storage providers, Codex’s solution aims to truly democratise data storage by allowing market forces to dynamically adjust pricing resulting in optimal cost efficiency.

Updated roadmap

The upcoming development roadmap sets a path for next year to achieve mainstream adoption in 2026. It focuses on the implementation of features that are key to enhancing efficiency, security and reliability of decentralised data storage and backup solutions.

Two key development phases, decentralised file sharing and data archiving, are prioritised.

For the first phase, Codex will focus on achieving functionality similar to decentralised file-sharing solutions such as BitTorrent and IPFS. The key core components implemented include content identifiers (CIDs), a block exchange protocol, a distributed hash table (DHT) and a custom-built implementation of Libp2p, ‘nim-libp2p’.

These components will lay a solid foundation for the second phase focused on advanced data archiving and backup solutions. Features that will be implemented include the Codex Marketplace, ‘lazy’ data repair, highly efficient bandwidth incentives and appendable data.

These features will allow for reliable, scalable, and flexible backup solutions that meet the evolving needs of the decentralised storage ecosystem. The longer term view could include integration with widely-used services like cloud storage and backup providers, enabling seamless and reliable long-term storage options.

By ensuring a global, resilient, sustainable and efficient storage network, Codex is poised to support a wide range of decentralised applications, from personal data storage to secure content distribution.

Last month, Conduit Marketplace, a rollup framework platform, brought Codex into its offering of services for developers to integrate in their rollups’ architectures. By providing durable storage in this modular way, Codex is well-positioned to serve an ever-growing Ethereum ecosystem.

With Codex, organisations, individuals and applications storing important data, such as financial records and transactions, medical records or legal and regulatory details, will soon have a viable alternative to centralised cloud data warehouses. This makes for a more robust economy and freer societies, where key storage infrastructure is highly resistant to data censorship, hacks and outages.

Note: Codex is in Alpha testing, “There be dragons” – the purpose of this testnet is to invite the community to help us build and test Codex. Data in the testnet is vulnerable to being wiped out without notice.

About Codex

Codex is powering the data storage layer of the Logos technology stack. Logos is a grassroots movement, building the infrastructure for trust-minimised, corruption-resistant governing services and social institutions for peaceful people worldwide. More: codex.storage.

ICP HUB Bulgaria Unveils Formation3: A Web3 Accelerator of the New Economies 78

In a move to reshape the landscape of decentralized technology, ICP HUB Bulgaria is thrilled to announce the launch of Formation3, a cutting-edge Web3 accelerator designed to nurture and propel visionary startups through the power of the Internet Computer Protocol (ICP). As one of the leading hubs in Eastern Europe, ICP HUB Bulgaria has taken a significant leap forward by integrating Formation3 into the newly unveiled Olympus platform—the first on-chain Web3 acceleration platform.

What is Formation3?

Formation3 is more than just an accelerator; it’s a hub for innovation, offering startups an unparalleled opportunity to connect with a thriving ecosystem of investors, mentors, agencies, and industry leaders. Spearheaded by ICP HUB Bulgaria, this program is dedicated to supporting projects that are poised to shape the future of the decentralized internet. With a focus on fostering growth across a diverse range of industries—including DeFi, DeSoc, DePIN, DeAI, Gaming, and more—Formation3 is set to become the premier launchpad for the next wave of groundbreaking Web3 technologies.

The program will feature multiple cohorts, each strategically launched through Olympus. As an on-chain incubation platform, Olympus offers a streamlined, transparent, and decentralized approach to acceleration, setting a new standard for how startups can scale, launch tokens, and attract investment in the rapidly evolving Web3 space.

Why Olympus?

Unlike traditional accelerators, Olympus is built on the principles of decentralization and blockchain technology. This on-chain platform connects founders, investors, mentors, and talents across various ecosystems, providing a seamless and secure environment for innovation. By leveraging Olympus, Formation3 ensures that participating startups have access to the best resources and support, all while maintaining full transparency and autonomy.

“The launch of Formation3 on the Olympus platform marks a significant milestone in our mission to empower founders,” said Josip Vlah, Co-Founder of ICP HUB Bulgaria and one of the lead coordinators behind Formation3. “Formation3 is the accelerator created by the founders to directly work with the founders, establish their partner network, and grow their projects across a wide array of ecosystems.”

The Opportunity

Formation3 offers startups access to an extensive partner network comprising over 30 key players in the ecosystem. Some of them include:

  • RZLT – The leading Web3 growth agency.
  • BorgoLabs – Advisory & Web3 native consulting firm.
  • Lunar Strategy & Capital – KOL & PR house of Web3.
  • WeiChain – Founders of CKSOL, a leading Web3 dev shop in the CEE region.
  • ICON Worldwide – Native Web3 dev shop building projects across ecosystems.
  • Moonstruck – Belgrade-based dev shop specializing in RWA, DeFi, and other fields.

The program also boasts a lineup of high-caliber mentors, such as Luka Sucic (Angel at Daedalus Angels & Co-Founder of RZLT), Nirado (Head of VC Investments at X+ Ventures), and many more. These mentors bring a wealth of experience and knowledge, providing startups with the guidance they need to navigate the complexities of the Web3 landscape.

Who Should Apply?

Formation3 is open to startups at various stages of development—whether you’re working on a Proof of Concept (POC), Minimum Viable Product (MVP), or already on Testnet/Mainnet. We welcome projects from diverse industries, including DeAI, DePIN, Gaming, DeSoc, DeFi, Privacy, Infrastructure, and Toolsets.

Applications are open until the end of 2024. Starting in 2025, the cohort will enter the accelerator stages, embarking on a journey of growth and expansion within the ICP ecosystem.

Dive Deeper.

Don’t miss this opportunity to be part of a transformative program that is redefining the future of Web3. Join Formation3 and leverage the power of Olympus to take your startup to new heights.

Learn more about Formation3: https://x.com/Formation_Three
Apply your startup: https://linktr.ee/formation3

RD Technologies Secures US$7.8 Million in Series A1 Financing 81

RD Technologies announced the successful completion of its Series A1 financing, securing US$7.8 million. In this funding round, RD Technologies has secured strategic investments from prominent industry players like HongShan, Hivemind Capital, Aptos Labs, Hash Global, SNZ Capital, Solana Foundation, Anagram, and Upward Capital. The capital injection will enable RD Technologies to continue building a financial platform that bridges the Web2 and Web3 worlds and continue to contribute to the development of the Web3 ecosystem in Hong Kong.

RD Technologies announced on 18th July 2024 that its subsidiary, RD InnoTech Limited, has been admitted to the stablecoin issuer sandbox of the Hong Kong Monetary Authority (HKMA). Among the first batch of entities to join the sandbox, RD Technologies is set to test its operational plan for its Hong Kong Dollar stablecoin within the HKMA sandbox. RD Technologies’ other subsidiary, RD Wallet Technologies Limited, has been granted a Stored Value Facility (SVF) license issued by the HKMA and has officially commenced operations at the end of 2023. Leveraging the platforms and capabilities of its subsidiaries, RD Technologies is able to build a trusted and compliant financial platform and network.

This Series A1 financing marks a notable achievement following RD Technologies’ seed round completed in 2020. RD Technologies has consistently garnered strong support from its initial stakeholders, including ZhongAn Digital Asset Group Limited (ZhongAn Digital Asset), HashKey Group, Dragonfly, Bright Venture, and Eminent Vision. This brings strong ecological support to RD Technologies, such as HashKey Exchange, a regulatory-compliant trading platform, Web3 infrastructure including HashKey Chain, as well as ZhongAn Digital Asset’s custody and asset management capabilities. Relying on the support of shareholders with strong backgrounds in both Web2 and Web3, as well as an experienced team, RD Technologies aims to bridge the gap between Web2 and Web3 and promote Hong Kong’s establishment as a leading global Web3 hub.

“The legacy payment industry is ripe to be disrupted using blockchain technology and stablecoins to provide more efficient and cheaper cross-border payment networks. Hong Kong is leading the world in virtual asset regulation. We are confident that compliant and transparent stablecoins will invigorate the market and address the pain points of traditional payments and finance to bring in institutions and help Hong Kong become a global Web3 hub”, said Rita Liu, CEO of RD Technologies.

Stanley Huo, Partner and Head of Asia at Hivemind, said, “Hivemind is thrilled to support RD Technologies as they seek to lead the future of stablecoins and cross-border payments. We believe regulated stablecoins are a critical growth area in crypto, offering real product-market fit, particularly as global demand for regulated stablecoins rises among enterprises and institutions. In our view, RD Technologies’ strategic positioning – led by an experienced team under Dr. Norman Chan and Ms. Rita Liu, with the strong support from the key Web3 stakeholders in Hong Kong – uniquely equips them to be a dominant force in Asia’s evolving financial landscape.”

About RD Technologies:

RD Technologies Group (RD Technologies) is the financial platform that bridges the Web2 and Web3 worlds. It deploys innovative fintech to build a business world interconnected by trust. Based in Hong Kong and connected with the global community, RD Technologies was born out of a mission to enable businesses to gain easier access to financial services, enhance trade efficiency, and promote the development of Hong Kong as a trade hub in Asia and an international financial centre. For details: https://rd.group

Compliant and innovative solutions managed by subsidiaries under RD Technologies include:

RD Wallet:
RD Wallet Technologies Limited (RD Wallet) is a licensed Stored Value Facility in Hong Kong (licence number: SVF0016). It enables global businesses to open multi-currency fiat accounts on mobile anytime, anywhere. RD Wallet is committed to facilitating cross-border trade and payments through efficient and innovative payment solutions for businesses, and contributing to the development of Hong Kong as a trade and financial hub in Asia. For details about RD Wallet: https://rd.group/products/wallet/

HKDR Stablecoin (HKDR):
HKDR Stablecoin (HKDR) is a trusted Hong Kong Dollar stablecoin 1:1 backed by the Hong Kong dollar, with high-quality and highly liquid assets safekept in segregated custody accounts with licensed financial institutions. Details of the reserves will be available to the public through regular independent attestation reports. In July 2024, RD InnoTech Limited, the issuer of HKDR, was among the first batch of entities to be admitted to the stablecoin issuer sandbox by the Hong Kong Monetary Authority. RD InnoTech Limited will abide stringently by the regulatory requirements for the launch of HKDR to contribute to the continuous development of Hong Kong as a global Web3 and virtual asset hub. For details about HKDR: https://rd.group/hkdr

Dogizen announces first ever ICO to take place on Telegram 86

New Telegram gaming contender, Dogizen, has cleared the 1 million user mark just days after launching full access to its tap-to-earn Telegram game.

Looking to capitalize on this momentum, Dogizen has announced the first ever Telegram-based ICO. Dogizen is now ideally placed to convert its gaming audience into a thriving investor community for its DOGIZ token.

This is amidst the masses of strong PR that Telegram gaming titles like Hamster Kombat, Catizen, and DOGS have recently enjoyed around their listing on top-tier exchanges—namely Binance, OKX, and Bybit.

Dogizen is currently presenting investors who’ve spotted where the gaming industry is heading, with the opportunity to get in early on the sector’s next big player, pre-exchange listing.

At the core of Dogizen’s current gameplay are simple yet addictive tap-to-earn mechanics, rewarding players with coins for actions. This gameplay harnesses and leverages the audience to perform growth-hacking initiatives by incentivizing user attention and referral of new players, as well as offering advertiser revenue.

Dogizen’s presale will open on 4th October at 8:00 UTC.

Breaking new ground on multiple fronts

Dogizen’s status as the first-ever ICO held within the Telegram ecosystem lays a strong foundation for its ambitious roadmap. The presale will allow Dogizen to expand both its 1 million users and its capital base and build the ambitious and groundbreaking ecosystem currently in development.

Dogizen is planning on shifting the sector up a gear with the creation of the Dogizen Universe, a next-gen 360 gaming initiative that plans to offer an interoperable ecosystem of play-to-earn minigames, a game launchpad allowing free publishing for indie game developers, and a developer SDK.

Ultimately, the goal is to enable members of Dogizen’s expanding community to develop and deploy their own games for other community members to enjoy, creating a new world of decentralized gaming.

This is unlike any other offering within the sector, with other competitors being limited in scope or scale. Given the success of competitors such as Hamster Kombat and Catizen, Dogizen has high hopes for the reception of each new product launch.

With Dogizen’s high ambitions and the added momentum due to its unique status as the first-ever Telegram-based presale, Dogizen offers today’s investors the chance to become early backers in the next generation of GameFi, a sector growing at a CAGR of 28.5% ahead of 2032.

Dogizen rivals set strong precedents

Top games like Hamster Kombat and Catizen have between them over 340 million players. Together, these platforms make up nearly 4% of the world population and have captured over one-third of Telegram’s 950 million total users. This has secured listings for both of these projects on top-tier exchanges such as Binance and OKX. HMSTR listed on 26th September, while CATI has been trading since the 20th. At press time, they have market caps of +$500 million and +$200 million, respectively.

Dogizen’s feline rival has raked in more than $25 million in total revenue, with an average revenue per user around 200x higher than the average cryptocurrency project, giving a taste of Dogizen’s vast potential to do the same. The DOGIZ presale offers a slice of this revenue too: token holders will receive a share of earnings from the Dogizen Universe.

Dogizen finds itself rapidly growing in this incredibly fertile environment, and with an airdrop of its own on the horizon, excitement is beginning to snowball.

Dogizen’s presale will open on 4th October at 8:00 AM UTC. Visit the Dogizen website for further information.

About Dogizen

With over a million players to its name, Dogizen is leading the charge as the first of a new generation of Telegram games. As the first Telegram-based ICO, Dogizen is offering investors the chance to be early backers as it executes its ambitious roadmap. With plans for a mini-game launchpad and developer SDK, Dogizen is directly challenging and improving on the current roster of Telegram gaming projects.

Huddle01 to Launch Node Sale to Expand its Video Network, after hosting 6 million minutes of meetings 186

The Huddle01 decentralized Real-Time Communications Network is a multi-sided network with Media Nodes, suppliers of dRTC bandwidth for participants and consumers of audio/video meetings

On November 6, 2024, Huddle01, a leading decentralized real-time communications layer, will launch its media node sale. Huddle01 is setting new standards in decentralized communication, offering a robust and efficient solution to the challenges faced by traditional real-time communication (RTC) providers. Since 2023, Huddle01 has hosted 6 million minutes for more than 100,000 events.

The first dRTC Network

Huddle01 is the first Decentralized Physical Infrastructure Network (DePIN) for RTC or audio/video conferencing. Huddle01 coordinates unused internet bandwidth through node operators to enable seamless audio-video communication via its innovative decentralized, or dRTC network.

Unlike most DePINs, Huddle01 is built from the demand side, addressing the high operational costs and geographical latency issues faced by centralized RTC networks. Founded during Covid-19 as Indian schools moved online, Huddle01 replaced centralized communication systems, which route calls through distant servers — often halfway across the world — causing significant delays and poor performance for video conferencing.

By reducing the reliance on centralized data centers, Huddle01 also minimizes developers’ server costs for audio and video calls by up to 95% compared to AWS, ensuring cost-effective and high-performance communication.

Huddle01’s app layer Huddle01 Meet integrates Web3-native tools, allowing users to connect wallets, use NFT profile pictures as avatars, and host token-gated meetings. Video recordings can be securely stored on the InterPlanetary File System (IPFS), emphasizing the platform’s commitment to decentralization and security.

Led by CEO and Co-Founder Ayush Ranjan and Co-Founder and CTO Susmit Lavania, Huddle01 has an experienced team with 15+ years in RTC and 5+ years of token engineering. Key leadership positions at Huddle01 are held by alumni of BlockScience, ConsenSys, Polygon, Cardano, Persistence, CoinDCX, and Guardian Link.

Nodes lead to improved latency

Huddle01 Media Nodes – the atomic unit of Huddle01’s dRTC network – provide the necessary bandwidth to encode, decode and route audio/video packets for uninterrupted audio and video communication across the globe.

“Google Meets and Zoom streams 300 million minutes per day. If Huddle01 captures just 1-5% of this market in the next 12 months, we would have triggered the highest web3 adoption ever.” CTO Susmit Lavania explained.

While latency issues, or lags and glitches, in the developing world hinder innovation, in truth, they hinder productivity everywhere. Distance education, streaming, gaming and healthcare can all be improved by better internet services.

“These nodes will power a network that already outperforms the incumbent web2 competitors on latency where there is a large cluster of nodes, and is capable of improving lags across the globe,” says Ayush Ranjan, CEO of Huddle01.

“We are excited to launch this node sale, because as we sell more nodes, the benefits for consumers and businesses will only grow. Node operators are incentivized to run a node, allowing them to create more value for themselves but more importantly, they can actually notice the improvement in latency in all their applications,” added Ranjan.

Huddle01 Media Node Sale features

  • 46,900 Huddle Media Nodes are available with pricing starting at $320
  • Huddle01 will be doing its Node Sales in 2 Phases
  • Phase 1 will consist of 20,000 nodes to be sold from the November 6th Whitelist and a Public Sale on November 8
  • Phase 1 sale participants are eligible for 2x rewards than Phase 2 participants
  • Minimum requirement to run the node is a ~250 Mbps Internet connection, however buyers can also delegate to minimize operating expenses
  • The testnet will launch 2 weeks after the sale completes, with node operators earning up to 5 $HUDL per day during the testnet
  • 21% of total TGE supply (200M $HUDL) will be offered as rewards for active nodes during the testnet phase, with immediate vesting and 5% unlocked at TGE

Key dates

  • Whitelist Opens – 9th October
  • Whitelist Sales – 6th November
  • Public Sales – 8th November

About Huddle01

Huddle01 is a decentralized real-time communication (dRTC) network for audio and video streaming – DePIN for RTC – that has clocked in 6 million+ minutes of meetings to date. The dRTC network eliminates the dependency on centralized servers for real-time communication across the globe.

Huddle01 is democratizing connectivity over cyberspace by enabling people to access best in class bandwidth without relying on local physical infrastructure. The network has raised $6M to date and is backed by marquee angels like Balaji Srinivasa, Stani Kulechov and leading VC funds like Hivemind, Protocol Labs, Superscrypt, Consensys and others.

Huddle01 makes it possible to build high-quality audio/video applications in minutes. Leveraging its suite of SDKs, multiple web3 applications have integrated the composable Huddle01 SDKs as their video communication layer. The infrastructure (developer SDKs) has been utilized by 100 projects including Lens Protocol, Solana, and CyberConnect. Soon Huddle01 will be onboarding 1.5M active users to their dRTC network with upcoming integrations.

Water Drop Protocol Announces Launch of WROP with Upcoming Ambitious Projects 192

Water Drop Protocol is proud to introduce its native tokens, labeled “WROP.” With future ambitious projects like Waterdrop Exchange, Blockchain, Wallet, and Crypto AI Trading in the pipeline, the team has great plans ahead.

The project’s tokenomics is simple and powerful. Giving a voice to all in the crypto space by putting the community is the main goal of this team.

Launching a New Token on the Market

WROP is the heart of the Water Drop project. The token, running on 5the Binance Chain, has a total supply equal to 1 billion. The team designed a very simple structured tokenomics system wherein a greater part of it, 86%, goes to the public and market distribution. The remaining 14% goes to the project’s owners, who have very clear vested interests in Water Drop’s success.

Currently, the first phase of the project’s presale is in full swing. Afterwards, three more phases will follow, with prices gradually increasing. Clearly, the team’s idea is to reward the so-called “early birds” that will be the first to invest in WROP.

Furthermore, as part of its very unique referral program, users will get an additional 10% commission on any direct purchase made by their referred contacts.

Looking Ahead with Water Drop

Water Drop also shared a hard-to-miss roadmap for the project. Every quarter, something new will happen, as indicated below:

  • Q3 2024: This phase comprises the commencement of the project and the launching of the app.
  • Q4 2024: The plans for the end of 2024 include the creation and exchange listing of WROP.
  • Q1 2025: The first quarter of 2025 will be used to release the game and the Liquidity Aggregator. The project will also create the Safety Fund.
  • Q2 2025: The final phase will see the launch of the Everlend Money Market

With such a structured roadmap, Water Drop is promising to deliver a lot of features. Each milestone is intended to move the project closer toward the goal of giving voice to every user. Besides this, the new ecosystem will feature parallel projects launching, such as an AI trading Bot, proprietary exchange and a wallet.

About Water Drop

Water Drop is a new crypto project willing to give its digital community the importance it deserves. The bedrock on which the WROP token rests consists of transparency, decentralization, and inclusiveness.

The WROP token will play a vital role in democratizing access to cryptocurrency. With AMAs, live events, and educational workshops, everyone can contribute to the project.