Sony Network Communications and Astar Network’s Joint Web3 Incubation Program Receives Over 150 Registrations 7801

Astar Network, the smart contract platform for multichain, is thrilled to announce that the Web3 Incubation Program it’s co-hosting with Sony Network Communications, Inc., an operating company of the Sony Group, has received an overwhelming response from developers worldwide.

The Incubation Program has received more than 150 registrations since it began accepting applications on February 17, 2023. Registrations are set to close at 11:59 PM Pacific Time on Monday, March 6th.

The Web3 Incubation Program powered by Sony Network Communications and Astar will run from mid-March to mid-June. Both Sony Network Communications and Astar Foundation will review all applications and decide 10 to 15 cohorts. Sony and Astar will be collaborating with Startale Labs, a Singapore-based company founded by Astar Network CEO Sota Watanabe, to organize the incubation program.

Sota Watanabe, CEO of Startale Labs and Astar Network, said, “I am amazed to see our developer community grow this quickly and welcome the new projects joining our Web3 Incubation Program with Sony Network Communications. I’m ready to begin the next stage of our program, when our incubated projects begin to work with an elite group of mentors from AWS, Polychain, Microsoft, and more.”

Sony Network Communications is exploring how blockchain technology can solve various problems in their industry. This Incubation program with Astar Network makes it possible for them to quickly find the relevant Web3 solutions. They will combine their resources and expertise to jointly nurture Web3 projects focused on the utility of NFTs and DAOs.

The program invites participants from around the world, regardless of their Web3 startup phase. It will include learning sessions with global VC firms such as Dragonfly, Fenbushi Capital, and Alchemy Ventures; and Web3 companies, as well as business and technology strategy workshops. The mentorship sessions will feature senior executives and industry veterans including:

  • Ryohei Suzuki, Director at Sony Network Communications Singapore
  • Teemu Pohjola, General manager at Sony R&D Center Brussels lab (Deputy Head)
  • Sota Watanabe, Founder of Astar Network, CEO at Startale Labs
  • Maarten Henskens, Chief Growth Officer at Astar Network
  • Andrew Vranjes, VP of Sales and GM for APAC at Blockdaemon
  • Ben Perszyk, Partner at Polychain
  • Bill Laboon, Head of Education and Grants at Web3 Foundation
  • Dmitry Lapidus, Investment Partner at Dragonfly
  • Wei Shi Khai, General Partner & COO at LongHash Ventures
  • Yuki Yuminaga, Investor & Researcher at Fenbushi Capital
  • Michael Smith Jr., GM, Microsoft for Startups APAC
  • Lillian So, Web3 Lead at AWS Singapore
  • Roy, Partner at HashKey Capital
  • Santiago Balaguer, Parity BD Lead

In mid-June, an offline demo day will be held at the Sony Group headquarters in Tokyo during Japan Blockchain Week. Promising companies will be considered for investment from Sony Network Communications.

About Sony Network Communications

The Sony Group operates a variety of businesses such as Game & Network Services, Music, Pictures, Entertainment Technology & Services, Imaging & Sensing Solutions, and Financial Services. As a business company of the Sony Group, Sony Network Communications is involved in the communication business, IoT business, AI business, and solution service business, and promotes new businesses by utilizing assets within the Sony Group. In April 2022, Sony Network Communications established Sony Network Communications Singapore Pte. Ltd. in Singapore to engage in NFT related development outsourcing and consulting businesses.

About Astar Network

Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability with cross-consensus messaging (XCM) and a cross-virtual machine (XVM). Astar’s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for their code and the dApps they build.

One of the first parachains to come to the Polkadot ecosystem, Astar is a vibrant network that is supported by all major exchanges and tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar SpaceLabs offers an Incubation Hub for top TVL dApps.

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Velo Is Enhancing Its Own Ecosystem Through Interoperability 5851

As new blockchains and blockchain-based platforms emerge, it’s crucial for these ecosystems to be interconnected, enabling users to seamlessly transfer their assets without complications. Velo is enhancing its own ecosystem through interoperability, aspiring to become a pivotal connection point for various blockchains.

A significant update within Universe is its support for multiple wallet addresses on a single platform, catering to users who possess multiple wallets across different platforms. This feature is essential for managing diverse assets conveniently.

Furthermore, Universe is integrating multi-chain login and registration support for networks such as Solana and Tron, thereby improving Velo’s accessibility and usability. Efforts are in place to refactor the user database and management code, ensuring a smooth and secure experience.

Velo is advancing its blockchain integration by incorporating the Solana and Tron networks, aiming to offer enhanced deposit and withdrawal functionalities to enrich its ecosystem. This initiative involves deploying Solana and Tron chain-node and full-node functionalities, thereby broadening the network’s diversity and user options. Additionally, Universe is introducing a dedicated user interface (UI) for Solana transactions, encompassing deposit-withdrawal and account management across Webplus and mobile platforms, ensuring a seamless user experience.

This streamlined approach guarantees that Velo’s users have comprehensive and intuitive access to a broader range of transaction options, significantly boosting the platform’s utility and user engagement.

The integration with the Lightning Network marks a significant advancement in improving Bitcoin transactions. By implementing Lightning chain-node and deploying a BTC full-node, Orbit aims to streamline Bitcoin deposits and withdrawals, making them faster and more cost-efficient.

Velo’s dedication to ensuring inclusivity and connectivity with other blockchains is evident through the concrete steps it has taken. With aggressive strides towards unlocking the full potential of the Velo Protocol, Velo is poised for significant growth and innovation.

About Velo Labs

Velo Labs is a global pioneer in Web3-based financial solutions, offering a cutting-edge liquidity and settlement network for secure, efficient value transfers. Backed by Stellar Network and CP Group, our reach has expanded beyond Southeast Asia and the Pacific, now serving partners worldwide. We connect and complement the gap between traditional banking infrastructure and Web3, leading the way in blockchain mass adoption. Our extensive Web3-based payment network and Lightnet, our licensed settlement partner, position us as a global heavyweight. Velo Labs offers a diverse range of Web3-based products, notably Orbit, tailored for individuals, merchants, corporations, and enterprises worldwide — dedicated to empowering global financial connectivity and expanding accessibility globally.

Covalent’s Largest Set Of Structured Data in Web3 Pioneering the Fusion of AI, Security, and Data Quality 5806

As the wave of Artificial Intelligence (AI) continues to reshape industries, Covalent (CQT) emerges as a central player in the evolving landscape. AI, known for its reliance on vast sets of structured data, finds a robust ally in Covalent’s extensive dataset. Covering over 225 blockchains and supporting over 240 million wallets with its Unified API, Covalent provides the backbone for AI applications, offering a rich and structured foundation for model consumption, training, and product creation.

Google: A Lesson in Data Quality for AI

In the intricate realm of AI, the significance of data quality cannot be overstated. The potential for transformative innovation heavily relies on the accuracy and reliability of datasets. Google’s recent stumble with its Gemini AI tool reveals the critical role of data integrity in the space. The decision to halt Gemini due to inaccuracies and inadequate testing serves as a reminder of the risks associated with expediting AI product launches without thorough quality controls.

With Covalent, its protocol goes deeper than conventional approaches: it extracts data from various blockchains, uploads that data to a storage instance, indexes and transforms the stored data object, and loads the data into local data queried by API users. In short, Covalent’s cryptographically secure and standardization of all its extracted Web3 blockchain data creates a reservoir of structured information which is foundational to AI and machine learning training.

A Trusted Partner for the Web3 Landscape

At the core of the Covalent Network lies an innovative approach to data verifiability, designed with a tamper-resistant design and cryptographic proofs, it ensures the integrity and trustworthiness of accessed data. This unique feature not only distinguishes the Covalent’s Network but also serves as an essential mechanism in reshaping the foundations of Web3.

This is done by Block Specimen Producers (BSP) who extract the data and store it for multiple chains. To guarantee data integrity each BSP is running a script which keeps data secure and tamperproof. This ensures data integrity for Refiners who process the data, and later Query Node Operators who will serve the data (read more here).

Enterprises seeking high-quality data for their operations find a reliable partner in Covalent. The commitment goes beyond transactions, involving enterprises signing multi-year contracts including Fidelity, Rainbow, CoinGecko, and ConsenSys to secure a continuous stream of quality data.

The historically accurate data availability of Covalent lies in its ability to manage big data for customers with enhanced security, recently being awarded a SOC 2 certification for the highest enterprise grade quality assurance. By offering a robust dataset that meets the highest security standards, Covalent has become the trusted bridge between enterprises, crypto native projects and the wider Web3 ecosystem. Covalent’s offering ensures that customers have access to reliable and secure data, laying the groundwork for innovation and growth.

The Covalent Network: Built on Data Verifiability

As Covalent pioneers the fusion of AI, security, and data quality, it opens new horizons for innovation. Onchain data is continuously evolving with each block and indexed chain. By keeping data encrypted, and tamperproof it by design it mitigates future pitfalls with bad models and serves as a catalyst for innovative AI use cases. With thousands of Web3-specific applications already leveraging Covalent as their backbone data provider.

About Covalent

Covalent (CQT) powers the data layer in blockchain, enabling millions of users to build the new economy. It stands out for its deep commitment to democratizing blockchain data availability. Since its inception, Covalent has been helping developers, analysts, and enthusiasts with comprehensive, real-time data across over 200 blockchains. Learn how Covalent is building the Ethereum Wayback Machine.

Perp DEX SynFutures’ V3 Goes Live on Blast, Launches Oyster Odyssey Points Program 7037

SynFutures, a leading decentralized exchange for perpetual futures, today announced the launch of its new V3 platform for perpetual futures (“perps”) on Blast mainnet, featuring a proprietary order book Automated Market Maker (oAMM). This fully onchain deployment seamlessly integrates the strengths of an order book and AMM model into a unified liquidity model, enhancing capital efficiency and operational simplicity that brings its usability closer to centralized exchanges.

Enhancing Loyalty and Engagement with DEXs

The eventual convergence of retail investors around a decentralized solution, amid today’s uncertainties associated with CEXs, is increasingly holding weight as a viable reality. By recognizing the increasing DEX trading volume, suggestive of the start of its own bull run, SynFutures is making a strategic move to further enhance DEX user engagement. SynFutures is announcing its “Oyster Odyssey” Points Program, a redeemable loyalty program determined to allot points for engagement of on-chain activity while also qualifying users for the upcoming Blast airdrop.

SynFutures V3’s Capital Efficiency and Execution Simplicity Made on Par with CEXs

A surge in crypto market optimism, propelled by Bitcoin ETF approval, upcoming halving, and anticipation of Ethereum ETFs, is beginning to extend into DeFi and derivatives. Decentralized exchanges (DEXs) have faced challenges in capturing the derivatives market, representing only <1.0% on-chain compared to centralized exchanges’ dominance. The fundamental issue lies in DEXs’ pricing and execution competitiveness, hindering their share in the lucrative derivatives landscape.

Recognizing the challenges faced by decentralized perpetual futures exchanges, SynFutures is launching V3 with its orderbook Automated Market Maker (oAMM) on the Blast blockchain to bridge the existing gaps, setting a new standard for capital efficiency in the derivatives DEX space.

The decision to launch V3 on Blast, a Paradigm-backed optimistic rollup, is strategic. As with any rollups, Blast increases transaction speeds and lowers costs while maintaining Ethereum’s security. In particular, the Blast blockchain’s native yield feature has contributed to a total locked value (TVL) of approximately US $2 billion in its bridge, attracting more than 146,000 users.

“With these enhancements, SynFutures strives to achieve unparalleled capital efficiency with a derivatives DEX, positioning us to compete with CEXs on a more level playing field. V3 not only provides a secure and user-friendly environment but also addresses the obstacles limiting the widespread adoption of derivatives trading on DEXs,” Rachel Lin, Co-founder and CEO of SynFutures. “With the anticipation of more institutional participation in 2024, this upgrade will prepare us for the potential influx in trading volumes through improved trading throughput and reduced transaction costs,” she added.

“We are thrilled to welcome SynFutures to Blast. They moved fast as an early adopter on the Blast Testnet and we look forward to witnessing their continued success on the Blast Mainnet!,” said Pacman (Tieshun Roquerre), Core Contributor of Blast.

In fact, SynFutures witnessed remarkable signals suggesting the arrival of a tipping point in engagement among DEXs, including its own. Since the launch of its V3 platform on the public testnet in October 2023, SynFutures has seen a remarkable influx of users, with a total of 81,016 actively participating in trading activities. This heightened engagement is underscored by the V3 platform’s impressive performance on both the Goerli and Blast-Sepolia chains, recording a total of 460,662 transactions. Notably, users have demonstrated an average of 5.686 transactions per user, highlighting robust activity levels within the ecosystem.

In addition, the V3 platform has demonstrated remarkable traction on the Blast chain network, accounting for an impressive 10% of all transactions during a notable spike observed at the end of January.

Deciphering the Mechanism of SynFutures’ Oyster AMM

SynFutures specifically facilitates trading perpetual futures in the crypto space—contracts without expiry. This allows investors to speculate on crypto asset prices without the need for physical settlement.

The innovative Oyster AMM enables permissionless listing of any trading pairs, including major cryptocurrencies, altcoins, NFTs and indices, in 30 seconds. It ensures two-sided liquidity and remarkably enables users to provide a single token for a trading pair. This simplifies the entire trading ecosystem, building on the user-friendly approach established in SynFutures V1 and V2.

Automated Market Makers (AMMs), which DEXs tend to opt for, come with a demand for substantial liquidity to achieve equivalent price impact compared to order book models. To boost liquidity, the Oyster AMM presents an innovative market making paradigm by seamlessly integrating concentrated liquidity AMM (CL AMM) and on chain order book in a single, unified model, offering a significant capital efficiency boost tailored to active traders and passive liquidity providers. The model facilitates liquidity concentration within specific price ranges and incorporates leverage for automated market makers, addressing challenges like higher fees and limited trading functions.

Compared to a CEX’ order book, the fully on-chain model brought by SynFutures’ V3 model helps ensure transparency, trustlessness, and anti-censorship, thus eliminating dependence on centralized administrators and mitigating vulnerabilities across on-off chain systems.

Recognizing the paramount importance of user protection and price stability, the Oyster AMM in SynFutures V3 further introduces an advanced financial risk management approach through a dynamic penalty fee system. This discourages price manipulation and strikes a balance in the risk-reward profile for liquidity providers.

About SynFutures

SynFutures is a leading perp DEX that creates an open and trustless derivatives market by enabling trading on anything with a price feed anytime. SynFutures democratizes the derivatives market by employing an Amazon-like business model, giving users the tools to freely trade any assets and list arbitrary futures contracts within seconds.

Deployed on multiple blockchains, SynFutures is currently the largest derivatives exchange on Polygon and is among the top three most actively used decentralized derivatives exchanges. Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and team members have extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities.

Metis Is Integrating Chainlink CCIP as Its Canonical Token Bridge Infrastructure and Official Cross-Chain Solution 7421

Metis, a permissionless Ethereum layer-2 network powering the next generation of decentralized applications, and Chainlink, the industry-standard decentralized computing platform, announced today that Metis is officially integrating Chainlink CCIP—the industry standard for secure cross-chain interoperability—as its canonical token bridge infrastructure, enabling the Metis ecosystem to expand its cross-chain footprint, enhance user and developer experience, and accelerate adoption.

As a part of this integration, the Metis bridge interface will be upgraded to leverage Chainlink CCIP as the official cross-chain infrastructure to power the canonical Metis token bridge, with an initial focus on bridging leading stablecoins from Ethereum mainnet onto the Metis network. Over time, additional blockchain networks and tokens are expected to be supported to further accelerate the growth of the Metis ecosystem. Additional information on the migration will be provided in the near future.

Metis selected CCIP to power its official canonical token bridge following extensive research into all cross-chain interoperability options available on the market. Chainlink has the most proven track record of maintaining the highest standard of security and reliability in the Web3 industry, having enabled over $9.7 trillion in value, with CCIP being the only cross-chain solution that achieves level-5 cross-chain security.

Furthermore, CCIP is backed by the Risk Management Network—a separate, independent network that continually monitors and verifies cross-chain operations for erroneous activity. This defense-in-depth approach to security is particularly important given that over $2.8 billion has historically been exploited due to unsecure and unreliable cross-chain infrastructure.

“We’re excited that Metis has chosen Chainlink CCIP as its canonical token bridge infrastructure,” stated Johann Eid, Chief Business Officer at Chainlink Labs. “By securely interoperating cross-chain via CCIP, Metis is able to provide a more seamless developer and user experience in its ecosystem while helping to accelerate the adoption of its layer-2 network.”

By integrating CCIP to power its canonical token bridge, the Metis ecosystem also gains access to a number of additional benefits for its developers and users, including faster token transfers from Metis to Ethereum (from seven days down to minutes), a standardized interface for interacting across chains, and access to Programmable Token Transfers—a CCIP-native feature where tokens can be transferred along with instructions for their use on destination chain (e.g., depositing stablecoins into a lending market upon arrival).

Additionally, integrating CCIP exposes the Metis ecosystem to both Chainlink’s expansive and engaged Web3 developer ecosystem, as well as the surging capital markets interest and adoption surrounding the Chainlink platform.

“Security and user experience are our top priorities when it comes to the infrastructure securing the canonical Metis token bridge, and Chainlink CCIP’s defense-in-depth security architecture and advanced capabilities are unparalleled,” said Tom Ngo, Executive Lead at Metis. “We’re thrilled to be integrating Chainlink CCIP to enable Metis to securely interoperate cross-chain and help drive the network’s long-term growth and adoption.”

Ultimately, integrating Chainlink CCIP for secure and scalable cross-chain interoperability will help Metis drive long-term network adoption and become a more attractive environment for building secure and scalable Web3 apps.

About Chainlink

Chainlink is the industry-standard decentralized computing platform powering the verifiable web. Chainlink has enabled over $9 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 Metis

Metis is redefining blockchain’s potential with its innovative Ethereum Layer 2 network. Focusing on accessibility, scalability, and security, our platform empowers the transition of applications, businesses, and communities to a new digital, decentralized, and open economy. Metis makes blockchain simple for everyone, ensuring fast, secure, and affordable transactions. Join Metis in pioneering a future where blockchain technology is within everyone’s reach, paving the way for a more inclusive digital world.

Learn more about Metis by visiting metis.io and start building on Metis metis.io/dev/

BounceBit Raises $6M in Seed Funding Round To Build Bitcoin Restaking Infrastructure 7302

We are thrilled to announce that BounceBit has successfully closed a $6-million funding round to build BTC Restaking infrastructure. This milestone round was led by prominent venture capital firms Blockchain Capital and Breyer Capital.

“We’re thrilled to lead the seed round for BounceBit as they’re pushing the frontiers of BTC Restaking and yield generation,” said Ted Breyer, Partner at Breyer Capital.

“There is a huge opportunity to bring DeFi and other innovations to the Bitcoin community through BTC restaking — we’re excited to back BounceBit as they lead the charge,” said Aleks Larsen, General Partner at Blockchain Capital.

The round includes participation from dao5, CMS Holdings, Bankless Ventures, NGC Ventures, Matrixport Ventures, Primitive Ventures, Arcane Group, IDG Capital, Bixin Ventures, Nomad Capital, Geekcartel, DeFiance Capital, General Mining Research, OKX Ventures, Mirana Ventures, HTX Ventures, Mexc Ventures, Bodhi Ventures. Additionally, notable angel investors include Nathan from Anchorage Digital, Calvin and Jessy from Eigenlayer, Kevin and Ashwin from Brevan Howard, Smokey from Berachain, George Lambeth, Pranay Mohan, James Parillo, RookieXBT, MacnBTC, Pentoshi and others.

“Their expertise and support will be instrumental in our mission to build restaking infrastructure to support yield generation for all types of Bitcoin across a variety of networks.” said Jack Lu, Founder & CEO of BounceBit. BounceBit has accumulated $445M TVL in just three weeks after Early Access launch. Early TVL contributors can earn BounceBit points at bouncebit.io.

At its core, BounceBit’s innovation stems from its BTC Restaking mechanism. This relatively new concept acts as the foundation of the project. BounceBit will build a plethora of infrastructure, exploring the use-cases of Restaking for various types of Bitcoin. These infrastructure components are called Shared-Security Clients (SSC).

BounceBit’s first showcase of such an SSC will be its BTC Restaking Chain. The BounceBit chain is secured by validators staking both BTC and BounceBit’s native token – A dual-token system leveraging native Bitcoin’s security, liquidity and low volatility. Unlike existing Layer 2 solutions, BounceBit interacts with Bitcoin only on the asset level instead of the protocol level, taking a Layer 1 Proof of Stake approach. BTC Restaking provides shared security to infrastructure and DApps on BounceBit, e.g. bridges and oracles will be validated by restaked BTC.

Another highlight of BounceBit is its transparent CeFi foundation that secures users’ assets via the regulated custody of Mainnet Digital and Ceffu, while leveraging on-chain asset traceability. Through an innovative CeFi + DeFi infrastructure, BounceBit empowers BTC holders to earn yield through delta-neutral strategies, whilst being additionally protected by an insurance fund.

Looking ahead, BounceBit’s roadmap is structured towards the Mainnet Launch in April, coinciding with the Bitcoin halving. Testnet is expected to go live in early March.

About BounceBit

BounceBit is building a BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital and Ceffu. The BounceBit chain, designed as a showcase of a restaking product within the BounceBit ecosystem, is a PoS Layer 1 secured by validators staking both BTC and BounceBit’s native token – A dual-token system leveraging native Bitcoin’s security with full EVM compatibility. Critical ecosystem infrastructure like bridges and oracles are secured by restaked BTC. Through an innovative CeFi + DeFi framework, BounceBit empowers BTC holders to earn yield across multiple networks.

RealtyX Announces Live Platform and Multi-Round 10 ETH Raffle to Reward Token Holders 7509

RealtyX, a pioneering platform in the Real World Assets (RWA) tokenization field, is delighted to announce the Pilot Launch of its live platform. This significant milestone comes on the heels of forming strategic partnerships with a leading RWA-specific L2 blockchain Plume Network, and with Binghatti, a heavyweight in the UAE real estate sector known for its high-end property developments.

These partnerships seamlessly blend the cutting-edge innovation of Web3 with the robustness of traditional real estate, ensuring RealtyX’s frontline position in the tokenization space.

Recent Achievements and Rental Earnings Begin

Building on a successful angel funding round that positioned RealtyX at a remarkable $15 million valuation, the introduction of its live platform marks a pivotal step forward. As of February 15, RealtyX users can participate in the vibrant real estate market of Dubai by holding RST tokens. The first distribution of rental earnings is set to commence biweekly starting March 15 and March 31, offering an anticipated rental yield of around 8%.

10 ETH Raffle Awaits Early Supporters

RealtyX has launched a 10 ETH Raffle event, together with its Pilot Launch. This initiative is crafted as a token of appreciation to the platform’s early adopters, recognizing their support since the beginning.

With a total prize pool of 10 ETH spread across 10 rewarding rounds, the stakes escalate with each 10% sales milestone reached. The climax is a generous 2 ETH grand prize for the final round.

The essence of the Raffle’s winning strategy is simple: the earlier one enters, the greater the chances to win. This is due to the raffle’s unique structure, which allows participants — whether previous winners or not — to join in subsequent rounds as long as they maintain a sufficient balance of RST tokens and a Launch Pass NFT. This mechanism inherently favors those who join early, significantly enhancing their odds of winning.

Currently, RealtyX employs the Base blockchain to distribute its assets, meaning that both RST tokens and the Launch Pass NFT are deployed on Base. Looking ahead, RealtyX plans to broaden its reach by expanding to additional networks, including Plume, to enhance accessibility and engagement across different blockchain environments.

How RealtyX Is Revolutionizing the Traditional Real Estate Market

RealtyX revolutionizes the real estate industry by breaking down entry barriers with an innovative approach. Through real estate tokenization, individuals can enter the dynamic market with just $50, facilitated by the platform’s ERC-20 tokens, RealtyX SPDD Tokens (RST). Holding RST tokens not only enables participants to influence the distribution of rental incomes but also grants them governance rights over the tokenized properties.

Building on its dedication to community-led development, RealtyX has embraced a DAO structure for governance. This approach encourages teamwork and joint decision-making, granting token holders substantial influence over the governance of the underlying assets being tokenized. This model is clear in its goal: to create an RWA ecosystem where ownership and control truly reside within the community.

Looking Ahead

As RealtyX continually evolves, the platform is on the brink of launching a secondary market, set to go live this March. This new development will enable users to freely exchange their RST tokens, providing an additional layer of flexibility and liquidity to the ecosystem. Alongside this, members can eagerly anticipate the upcoming airdrop of the platform’s ecosystem token, RX.

Those who have been deeply involved in the ecosystem will have the privilege to claim RX tokens for free, a testament to their support and engagement.

To streamline this process, a point system will be introduced, meticulously designed to quantify the extent of users’ involvement within the ecosystem. The allocation of RX tokens will be directly proportional to the points accumulated by each participant, ensuring a fair and merit-based distribution that rewards the most active and supportive members of the RealtyX community.

More about RealtyX

RealtyX stands as a trailblazer, harnessing the power of blockchain technology and a decentralized philosophy to lead the charge in real estate tokenization.

At the core of RealtyX’s vision lies its Decentralized Autonomous Organization (DAO), a driving force for empowerment, expanded educational opportunities, and fair wealth distribution. By adopting this community-centric approach, RealtyX goes beyond market disruption; it is forging a path toward a more inclusive and enlightened lifestyle in the Web3 era.

Contact Information:
Website: www.realtyx.co
Twitter: https://twitter.com/RealtyX_DAO
Discord: https://discord.gg/K8Q6BVXTAp
Mirror: https://mirror.xyz/0xc07F708B0FD817328dBB4A2795f4017Ae6935EEf