Latest Developments in the Blockchain Industry

Thursday, September 26, 2024 9:54 AM
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Latest Developments in the Blockchain Industry cover

XProtocol, Built on Base Chain, Unveils XForge as ‘World’s First Node-Operated DePIN Smartphone’

XProtocol, an entertainment-focused blockchain built on the U.S. crypto exchange Coinbase’s Ethereum layer-2 network, Base, has unveiled what it says is ‘the world’s first node-operated DePIN smartphone.’ The Web3 startup’s new Android device, XForge, functions as a fully operational blockchain node. Users can participate in the DePIN network directly from their phone, earning rewards, airdrops, and cryptocurrency incentives. XForge represents the next evolution in mobile devices, combining blockchain power with smartphone convenience.

Oasys, Arbitrum Foundation, Uprising Launching First Gaming-Focused Arbitrum Orbit Chain Beyond Ethereum

Oasys, Arbitrum Foundation, and layer-2 Uprising have collaborated to launch the first gaming-focused Arbitrum Orbit blockchain beyond Ethereum. Uprising, a layer-2 gaming yield blockchain, and Oasys, a layer-1 gaming chain, are working together to enhance Web3 gaming through Arbitrum Orbit technology. This deployment marks a significant step for blockchain gaming outside Ethereum, showcasing a shared vision for the future of blockchain gaming.

Bitcoin Staking Protocol Babylon Forms Strategic Alliance With Asphere to Allow Developers to Deploy Customizable L2s

The Babylon Bitcoin staking protocol has formed a strategic alliance with Asphere to empower developers with a solution for launching innovative Bitcoin layer 2s. This collaboration aims to allow developers to deploy highly customizable L2s backed by the security of the Bitcoin network. By leveraging Bitcoin’s liquidity and market cap, developers can achieve fast finality when building new use cases within the blockchain ecosystem.

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World Mobile Chain Partners with Raydium to Enhance Solana Connectivity cover
2 days ago
World Mobile Chain Partners with Raydium to Enhance Solana Connectivity
World Mobile Chain (WMC), a leading blockchain-powered global mobile network, has announced a strategic partnership with Raydium, a decentralized exchange (DEX) and automated market maker (AMM) operating on the Solana blockchain. This collaboration aims to enhance accessibility and decentralized connectivity for the Solana community, ensuring that users can enjoy seamless integration and fast, secure transaction services. The announcement was made through World Mobile Chain's official X account, highlighting the importance of this partnership in the evolving blockchain landscape. At the heart of this partnership is a commitment to providing secure and user-centered services. Both World Mobile Chain and Raydium are focused on creating a safe environment for transactions while promoting decentralized connectivity on a global scale. Raydium's role will be crucial in facilitating smooth transactions, thereby enhancing user access within the Solana ecosystem. This collaboration underscores the significance of Web3 technology, which serves as a foundation for both platforms, ensuring authenticity and reliability in their services. Furthermore, the agreement between World Mobile Chain and Raydium emphasizes their dedication to protecting user assets and privacy. In a rapidly evolving digital landscape, safeguarding user information and ensuring error-free transactions have become paramount. Both partners prioritize these aspects, aiming to deliver seamless and accessible services to the Solana community. This partnership not only strengthens their individual offerings but also contributes to the broader goal of enhancing decentralized connectivity worldwide, ultimately benefiting users across the blockchain space.
IoTeX Launches Season 2 of Crypto's Got Talent to Support DePIN Projects cover
6 days ago
IoTeX Launches Season 2 of Crypto's Got Talent to Support DePIN Projects
On September 1st, 2025, IoTeX, a blockchain platform focused on Real-World AI, announced the launch of Season 2 of "Crypto's Got Talent" (CGT), a community-driven competition aimed at identifying and supporting promising DePIN projects. Sponsored by 0G Network, the largest Layer 1 blockchain designed for AI, this season aims to blend entertainment with ecosystem collaboration and funding to foster Web3 infrastructure adoption. Applications for the competition opened in August, with the live show set to begin on September 8. The event will consist of eight to nine episodes, culminating in a livestreamed finale where around 25 selected teams will compete for milestone-based grants, ultimately leading to six funded winners. The first season of CGT was a significant success, garnering nearly 200,000 impressions and close to 3,000 community votes. Five standout projects received grants and are now making strides in various sectors, including electric vehicle charging, 3D mapping, drone detection, environmental data, and on-chain finance. Jing Sun, co-founder of IoTeX, emphasized the program's goal of highlighting builders addressing real-world infrastructure challenges, and with the backing of 0G, Season 2 is expected to be even larger and more impactful. Season 2 will maintain the unique format of public pitch rounds, video demonstrations, and a final showcase to determine winners based on innovation, execution, and real-world impact. Michael Heinrich, Co-Founder and CEO of 0G, expressed pride in sponsoring CGT, aligning with their mission to empower builders in the AI and Web3 space. Together, IoTeX and 0G aim to support teams that are advancing decentralized infrastructure and real-world AI applications, paving the way for a democratized future of intelligence.
IoTeX Launches Crypto’s Got Talent Season 2 to Support DePIN Projects cover
6 days ago
IoTeX Launches Crypto’s Got Talent Season 2 to Support DePIN Projects
IoTeX has officially announced the launch of Crypto’s Got Talent (CGT) Season 2, a competition aimed at showcasing and funding high-potential decentralized physical infrastructure network (DePIN) projects. Sponsored by 0G Network, this season is set to kick off on September 8, featuring 25 teams competing across eight to nine episodes. The previous season garnered nearly 200,000 impressions and successfully supported five innovative projects spanning various sectors, including energy, mapping, drone technology, environmental data, and finance. The CGT competition is designed to blend entertainment with ecosystem collaboration and real funding opportunities to foster Web3 adoption. Applications for the competition opened in August, and the event will culminate in a live finale. The selected teams will compete for milestone-based grants, with six winners receiving funding. Additionally, the program will provide 4-6 months of post-competition support to help projects scale and achieve measurable outcomes. Jing Sun, co-founder of IoTeX, emphasized the need for innovative DePIN projects and expressed confidence that Season 2 will be larger and more impactful. Michael Heinrich, CEO of 0G Network, expressed pride in sponsoring the CGT competition, highlighting its alignment with their mission to empower AI and Web3 builders. IoTeX, founded in 2017, currently supports over 100 projects and 40 million devices across various sectors, including mobility, robotics, energy, and health. The platform's infrastructure enables access to verified real-time physical world data, which is crucial for AI systems and decentralized finance (DeFi) applications. Furthermore, IoTeX has been officially listed on CF Benchmarks, allowing banks and asset managers to create regulated products with IOTX.
Asset Chain Launches USDT/WNT Trading Pair with Boost Campaign cover
11 days ago
Asset Chain Launches USDT/WNT Trading Pair with Boost Campaign
Asset Chain has officially launched the USDT/WNT trading pair, marking a significant milestone for the first public layer-1 EVM chain from Africa, co-developed by the Wicrypt team. This new trading pair aims to enhance liquidity depth for WNT and increase the Total Value Locked (TVL) on Asset Chain. The decentralized exchange (DEX) operates as an automated market maker (AMM), similar to Uniswap V3, and is currently running a Liquidity Mining Campaign designed to incentivize liquidity providers and traders. Participants can earn points based on their trading activities, which will contribute to airdrops of the blockchain’s native token after the Token Generation Event (TGE). The more transactions users complete, the more points they accumulate, ultimately increasing their airdrop potential. To further engage the community, Asset Chain is launching a special Boost Campaign for the Liquidity Mining Program, specifically targeting the USDT/WNT pair. This campaign, commencing on August 27th, will offer enhanced rewards for liquidity provision, allowing participants to earn up to 200% Annual Percentage Rate (APR) on locked liquidity positions. Additionally, non-custodial wallets holding over 50,000 WNT will receive double points for liquidity provision transactions from September 9th to October 9th. This initiative is designed to maximize returns for liquidity providers and encourage more users to participate in the ecosystem. In conjunction with the liquidity provision campaign, a 30-day trading campaign will also begin on August 27th, providing users with double points for trading activities on the USDT/WNT pair. A reward pool of $3,000 USDT and $2,000 worth of WNT will be distributed among the top 10 traders based on their trading volumes during the campaign. To qualify, traders must maintain a minimum weekly trading volume of $50,000, totaling at least $200,000 over the 30 days. This dual approach aims to boost trading activity and liquidity on the Asset Chain DEX, driving the WNT token to new heights.
Surge in Social Engagement Highlights Key Players in DePIN Sector cover
12 days ago
Surge in Social Engagement Highlights Key Players in DePIN Sector
The decentralized physical infrastructure network (DePIN) sector has recently witnessed a surge in online discussions, highlighting several major projects that have dominated social media activity. Leading the charge is Chainlink ($LINK), which has solidified its presence in crypto conversations with an impressive 21,600 posts and a staggering 4.6 million interactions. This level of engagement underscores Chainlink's significance in the DePIN landscape, showcasing its ability to attract attention and foster community involvement. Following Chainlink, Bittensor ($TAO) has emerged as a strong contender, securing the second position with 15,500 engaged posts and 1.7 million interactions. The growing interest in Bittensor reflects its appeal within communities, particularly due to advancements in decentralized AI and infrastructure solutions. Internet Computer ($ICP) ranks third, generating 6,200 posts and 325,600 interactions, while Render ($RENDER) also made notable strides with 4,400 posts and 248,500 interactions. Meanwhile, Helium ($HNT) and Akash Network ($AKT) demonstrated solid community engagement, with HNT achieving 1,800 posts and 59,200 interactions, and AKT garnering 1,700 posts and 70,900 interactions. The data indicates that social engagement within DePIN projects is a crucial indicator of strength, as trust and participation hinge on the representation of social capital. Projects like Chainlink, Bittensor, and Internet Computer are not only driving interaction but also shaping the future of decentralized networks in connectivity and cloud services. As the industry continues to evolve, the ability of these projects to maintain high levels of engagement will likely play a pivotal role in determining their long-term impact and relevance in the blockchain ecosystem.
U.S. Cryptocurrency Landscape Shifts Towards Mainstream Acceptance cover
15 days ago
U.S. Cryptocurrency Landscape Shifts Towards Mainstream Acceptance
The conversation surrounding cryptocurrency in the United States has undergone a significant transformation, with industry leaders heralding it as a pivotal moment. After years of stringent regulatory actions, the atmosphere in Washington regarding digital assets has shifted notably, indicating a potential path towards mainstream acceptance. Ripple's CEO, Brad Garlinghouse, emphasized the stark contrast in how policymakers now engage with digital assets compared to the previous year. At the Wyoming Blockchain Symposium, he noted a more supportive tone, particularly highlighting the surprising endorsement of blockchain technology by several Federal Reserve governors, which he described as a new dawn for the industry. Legal voices in the crypto sector have also acknowledged this shift. Attorney John Deaton characterized the change as a complete turnaround, moving from a period of regulatory suffocation under what he termed "ChokePoint 2.0" to a landscape ripe for universal acceptance and mass adoption. His remarks underscore the rapid evolution in the regulatory environment, suggesting that the industry is now on a path toward broader acceptance rather than being stifled by enforcement actions. This sentiment reflects a growing optimism among crypto advocates about the future of digital assets in the U.S. Ripple's Chief Legal Officer, Stuart Alderoty, contributed to the dialogue by emphasizing the necessity for a coordinated regulatory approach in the post-GENIUS Act era. He participated in discussions with notable representatives from various organizations, advocating for clarity and support for innovation through collaboration between lawmakers and the executive branch. This evolving dialogue indicates a broader shift in how traditional policymakers perceive cryptocurrencies, moving from skepticism to a focus on collaboration and sustainable growth. If this momentum continues, the U.S. could not only clarify its own regulatory landscape but also play a crucial role in shaping the global future of digital assets.
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