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Press Release

First Decentralized Data Warehouse, Space and Time, Raises $10M Seed Round Led by Framework Ventures

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Los Angeles, United States, 28th July, 2022, Chainwire

As the DeFi & GameFi sectors grow, Space and Time aims to be the first truly decentralized solution for rapid and secure data processing at enterprise scale
 

Space and Time TM, a decentralized data platform for blockchain applications, has raised $10 million in a seed round led by Framework Ventures, a venture capital firm known for its early entry into decentralized finance (DeFi) and blockchain gaming (GameFi). Additional participants in the round include Digital Currency Group (DCG), Stratos, SamsungNext, IOSG Ventures, Alliance and several market leading DeFi, GameFi, and venture organizations.
 

With a novel, patent-pending cryptographic protocol dubbed Proof of SQLTM, Space and Time enables blockchain applications to rapidly generate rich, analytical insights in an entirely decentralized, scalable, and secure manner. A network of node operators pull data from blockchains, decentralized applications (dApp), and off-chain systems in order to perform operational and analytic computations. As a result, blockchains are supplemented with capabilities for querying both on-chain and off-chain data in a single, trustless environment to power advanced new use cases for smart contracts.
 

Space and Time’s database creates proofs of the query results off-chain and transmits them to a validation layer where they are verified to be true. Once validated, the data is loaded back on-chain to the smart contracts where the dApp can access the results in real time. By moving the bulk of computational work off-chain, and enabling on and off-chain data to be combined in analytic workloads, Space and Time allows the existing blockchain infrastructure to scale exponentially while trustlessly maintaining computation integrity.
 

As the Web3 business process and automation matures, developers and applications require advanced database computations to connect off-chain analytics directly to smart contracts,” said Nate Holiday, co-founder of Space and Time. “However, scalability in the current blockchain ecosystem makes on-chain analytics impossible, and existing centralized analytic platforms fail to generate secure, tamper-proof results. By coupling off-chain computation with a decentralized and cryptographically-guaranteed data process, Space and Time will securely power the next-generation data requirements for dApp developers and enterprises.”
 

The funds from this round will be used to continue expanding Space and Time’s engineering and further advance the platform’s analytic capabilities and decentralized network.
 

Because many dApps still rely on centralized databases to store and compute large amounts of complex data, most DeFi and GameFi platforms are not fully decentralized,” said Michael Anderson, Co-Founder of Framework Ventures. “As the first data platform to offer an entirely decentralized solution for enterprise-scale analytics in real-time, Space and Time truly commits to blockchain’s core ethos to be a transparent and open system. We’re thrilled to support the Space and Time team as they develop the first scalable and secure analytics solution for the next generation of DeFi applications.”.
    

Incubated as part of Chainlink Labs’ Startup with Chainlink program, Space and Time is a decentralized data platform that uses Chainlink to combine on-chain and off-chain data to bring expanded, enterprise-grade use cases to smart contract applications.
 

Congratulations to the Space and Time team for their successful seed round raise, which includes investments from a number of industry-leading firms,” stated David Post, Managing Director, Corporate Development and Strategy at Chainlink Labs. “Through its novel data processing and cryptographic proof technologies, Space and Time’s decentralized database will help scale the blockchain ecosystem and unlock more advanced smart contract use cases.”

To learn more, visit https://www.spaceandtime.io/ and follow the team on Twitter @SpaceandTimeDB.

About Space and Time
 

Space and Time is the first decentralized data warehouse for blockchain applications. Using cryptographic proof technology, Space and Time empowers decentralized applications (dApps) to deliver low-latency queries and enterprise scale analytics in an entirely trustless and blockchain-secure manner. 

To learn more, visit https://www.spaceandtime.io/ and follow the team on Twitter @SpaceandTimeDB.
 

About Framework Ventures
 

Framework is a team of technologists, researchers and investors who buy assets of, who build for, and who participate in open crypto networks. At its core, Framework is a technology company, building products and services to support the open blockchain networks that they invest in. Through its registered investment adviser, Framework Ventures Management LLC (“Framework Ventures”), the firm has backed dozens of notable companies in the decentralized finance and Web3 space. 

To learn more, visit https://framework.ventures.
 

About Chainlink Labs
 

Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains. 

Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert.

Disclaimer: This is not investment advice and readers should not construe discussion of any particular organization as a recommendation to purchase or sell, or a solicitation of an offer to purchase or sell, any securities or digital assets related to such organization.
   

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Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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Press Release

Web3 Builders Look to Alternate Growth Model with BNB Chain as Bear Market Funding Drops by 84%

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DUBAI, UAE, November 23rd, 2023, Chainwire

BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain, is highlighting the compelling growth stories of the projects that emerge from its project development program, starting with its hackathons. This comes in the wake of BNB Chain’s Istanbul Hackathon, which saw the emergence of a number of strong projects.

The focus of the bear market is building quality Web3 projects – this is a time for developers to concentrate on identifying what real use cases need solving. However, quarterly funding for Web3 startups has dropped by approximately 84% this year. Against this backdrop, thousands of founders have looked to alternate ways to develop their projects to the point of launch readiness.

By providing constant guidance, in addition to routinely incentivising innovation with its global hackathons, BNB Chain mentors these projects through the various stages of their development journeys as they strive to realize the immense potential of Web3. 

Below are the steps that projects can expect to partner with BNB Chain on as they work to realize their vision:

  1. Ideate and develop a killer idea at a BNB Chain hackathon
  2. Win a reward at the hackathon that allows for initial development
  3. Develop further with constant guidance from BNB Chain
  4. Get introduced to incubators who can supercharge your project
  5. Launch your project on-chain 

BNB Chain Hackathon winners also receive referral codes to apply to the Most Valuable Builder (MVB) to potentially increase their funding. The program – run by BNB Chain and Binance Labs – helps projects develop and grow through mentorship, funding and network support*.

BNB Chain’s recent Istanbul Hackathon saw a number of exciting projects start on this journey, with a number of the winners sharing how they plan to utilize their winnings to advance their projects. 

MoveSpace, an on-chain data labeling and marketplace powered by a vector database, is addressing the data transparency issue in AI training to incentivise human interactions with data with BNB Greenfield. Using the funds they won at the BNB Chain Hackathon, they are further refining their concept – making data tradable as a regular commodity or asset – to make data ownership meaningful, setting them up for success at their first round of fundraising.

Another winning project exemplifying the practical applications of blockchain technology is ZeroX, a Web3 Gaming platform with a core mission of onboarding users to Web3 through gaming. Offering SDK and API services for traditional game development, they are lowering the barriers for traditional game developers and gamers to enter Web3. They will allocate the funds they won at the Istanbul hackathon to accelerate their growth and incorporate BNB Greenfield into their product, putting them in a leading position for their first funding round and upcoming public product launch. 

Learn more about all of the winning projects, their experiences of BNB Chain Hackathon Istanbul and how it is accelerating their growth here.

Tomasz Wojewoda, Head of Business Development at BNB Chain, said: “The quality of the projects that emerged from the BNB Chain Istanbul Hackathon was truly remarkable. It has been great to see their Web3 spirit on full display and to see how they are leveraging opBNB and BNB Greenfield to accelerate their development. Myself and the BNB Chain team look forward to being by the developers’ sides and providing guidance as they continue to build towards realizing their vision.”

*Disclaimer: There is no guarantee that projects will be accepted to the MVB program.  

About BNB Chain

BNB Chain is a community-driven ecosystem with multiple decentralized blockchains, powered by BNB. It consists of BNB Beacon Chain, its staking and governance layer, BNB Smart Chain (BSC), which is EVM compatible and facilitates a multi-chain ecosystem with its Layer-2 solutions including opBNB, and BNB Greenfield, its decentralized data storage network. 

The BNB Chain ecosystem has the world’s largest smart contract blockchain (BSC) by daily active users and has processed 3 billion transactions to date from 232 Million unique addresses. This makes it the largest layer 1 blockchain globally and brings developers massive user access with ultra-low gas fees, higher transactions per second and has experienced zero crashes since its inception. The ecosystem has more than 1,500 estimated active dApps at any given time across multiple categories such as DeFi, Metaverse, Blockchain Gaming, SocialFi, NFT, Infrastructure, and more. There are numerous programs available to support the Web3 ecosystem including the Gas Grant, Builder Grant, Kickstart, Most Valuable Builder (MVB) and AvengerDAO.

Contact

Jack S
[email protected]

Read Also: BNB Chain Sees 1-year Transaction High; Demonstrates Network Reliability After BSC Surge

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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Press Release

BNB Chain Sees 1-year Transaction High; Demonstrates Network Reliability After BSC Surge

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DUBAI, UAE, November 22nd, 2023, Chainwire

  • November 19 saw BSC record more than 9.5M transactions in a single day
  • Earlier in the week, BSC demonstrated gas price stability during a similar surge

On November 19, 2023, BNB Chain, the community-driven blockchain ecosystem, saw its highest traffic rates since May of 2022 with transactions exceeding 9.5M for the day. More than 7M of the 9.5M daily transactions were attributed to inscription minting transactions on BNB Smart Chain (BSC).

The 1-year high comes amid a week of traffic surges on BSC. November 17 likewise saw a spike in traffic, with gas prices on BSC remaining consistent during the surge. On November 17, with TPS (transactions per second) reaching almost 250 at the peak, gas prices remained consistent at the $0.016 threshold.

While TPS rose to almost 250 on Nov. 17, gas prices on BSC remained steady at $0.016.

BSC’s very large block size is what allows it to handle spikes in traffic smoothly while maintaining a stable gas price. With TPS at around 200, the usage of the block is only at around 15-20%, meaning that the network still has plenty of space left to handle further traffic. 

Learn more about BNB Smart Chain here.

###

About BNB Chain

BNB Chain is a community-driven ecosystem with multiple decentralized blockchains, powered by BNB. It consists of BNB Beacon Chain, its staking and governance layer, BNB Smart Chain (BSC), which is EVM compatible and facilitates a multi-chain ecosystem with its Layer-2 solutions including opBNB, and BNB Greenfield, its decentralized data storage network. 

The BNB Chain ecosystem has the world’s largest smart contract blockchain (BSC) by daily active users and has processed 3 billion transactions to date from 232 Million unique addresses. This makes it the largest layer 1 blockchain globally and brings developers massive user access with ultra-low gas fees, higher transactions per second and has experienced zero crashes since its inception. The ecosystem has more than 1,500 estimated active dApps at any given time across multiple categories such as DeFi, Metaverse, Blockchain Gaming, SocialFi, NFT, Infrastructure, and more. There are numerous programs available to support the Web3 ecosystem including the Gas Grant, Builder Grant, Kickstart, Most Valuable Builder (MVB) and AvengerDAO

Contact

Jack S
[email protected]

Read Also: Stablecoins: The Future of Digital Payments

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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Press Release

OKX Liquid Marketplace Outperforms in September, Hits All-Time High $1.54 Billion in Monthly Futures Spreads Volume

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Dubai, UAE, October 18th, 2023, Chainwire

OKX, a leading crypto exchange and Web3 technology company, today announced that futures spreads trading volumes on its Liquid Marketplace, a spot OTC, futures spreads and options liquidity network, reached a record monthly high of US$1.54 billion in September 2023. This achievement represents 62%* of the institutional market share for futures spreads for the month.

Since the July 2023 launch of Nitro Spreads, a venue under OKX’s Liquid Marketplace for institutional traders to execute basis, futures spreads and funding rate arbitrage strategies, OKX’s cumulative futures spreads volumes led the market from August 28 to October 11 in 2023.

OKX’s volumes on futures spreads also excelled during ‘high-water mark’ volume days, with OKX futures spreads notional volumes exceeding the 100 million USDT mark on four occasions within the date range (on September 12, September 19, September 28 and October 10 in 2023).

These trading volume milestones solidify OKX’s Liquid Marketplace as the go-to venue for institutional traders looking to take advantage of superior liquidity for a range of trades, including futures spreads, spot OTC basis and options.

OKX Chief Commercial Officer Lennix Lai said: “The latest futures spread volume figures confirm that OKX Liquid Marketplace is a diverse ecosystem of counterparties pursuing a range of trading strategies and indicates that it is a trading venue of choice for institutional traders. We have worked hard to develop the products, liquidity and intuitive trading features traders demand in an intensely competitive market environment. We will continue to listen to our traders and adapt the platform to their needs going forward to further grow our customer base.”

Since its launch in July 2023, OKX announced on October 6 that Nitro Spreads has surpassed a cumulative trading volume of over 2 billion USDT.

Nitro Spreads is a venue for institutional traders to execute advanced strategies and facilitate delta rolls efficiently on OKX’s Liquid Marketplace. With the ability to execute both legs of a trade via a central orderbook, Nitro Spreads minimizes leg risk between markets and provides institutional traders with enhanced capital efficiency. Before execution, traders can also select a guaranteed spread for a trade, mitigating unexpected price slippage. Trades are then matched and settled immediately.

*Source: Laevitas

About OKX

OKX is a leading global crypto exchange and innovative Web3 company. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere.

As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3.

The OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens.

OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. Leveraged trading in digital assets magnifies both potential gains and potential losses and could result in the loss of your entire investment. Past performance is not indicative of future results. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition, particularly if considering the use of leverage.You are solely responsible for your trading strategies and decisions, and OKX is not responsible for any potential losses. Not all products and promotions are available in all regions including the U.S.A., U.K., Crimea, Cuba, Donetsk, Iran, Luhansk, North Korea, Syria Malta, Australia, Bangladesh, Bolivia, The Bahamas, Canada, Malaysia, Hong Kong, France, and Singapore. For more details, please refer to the OKX Terms of Use and Risk & Compliance Disclosure.

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Media
[email protected]

Read Also: Memecoin Project $Garbage Aims to Launch A $100,000 Giveaway

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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Press Release

Memecoin Project $Garbage Aims to Launch A $100,000 Giveaway

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Miami Beach, United States / Florida, October 13th, 2023, Chainwire

$Garbage, the world’s first garbage-themed meme coin, is taking the crypto world by storm. With a unique storyline backed by a mutual distaste for the current course of modern affairs, The company hopes that $Garbage will quickly become one of the most popular and talked-about crypto projects in the world.

“Crypto gets a bad rap”, said an anonymous team member for the whale-backed $Garbage project. “But let’s face it – the FIAT system stonks, and our global financial system is sliding into a cesspool of dysfunction. If it’s all gonna end in a stanking mess anyway, doesn’t it make sense to fast forward to the end and reverse engineer our way out from the muck?” he adds.

That’s where $Garbage comes in. $Garbage is a meme coin – a movement – powered by a community of people tired of the status quo. $Garbage is all about having fun and exposing the oozing rot increasingly plaguing our global financial system.

What To Expect From $Garbage

$Garbage brings people together to have fun and flip the money-making world on its head with a custom meme machine and more.

$Garbage will be hosting several community events and contests over the next couple of months, with a total grand sum of $100,000 USDT in prizes. This will include weekly $1,000 USDT giveaways, plus $10,000 competitions called “The Oscars” – an epic battle to determine the ultimate meme champion. The team hopes that Like laughter, the $Garbage token will be contagious.

With several utility features like staking, contribute2earn, buybacks, and in-game utility – $Garbage is more than just a meme coin. The $Garbage team boasts a 1.4m community on TikTok –perhaps the largest crypto meme channel ever.

$Garbage Goes Live This October

$Garbage presale will go live this October. To learn more about $Garbage and how to join the movement, interested buyers can visit the website, or on Twitter, Telegram, TikTok, and Instagram.

About $Garbage

Everything is $Garbage, so we made a token for it. $Garbage was created to share memes and spread good vibes in a world of trash.

“Garbage Project” is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contact

CEO
Oscar Groucho
Garbage
[email protected]

Read Also: How to Buy, Store, and Secure Your Bitcoins

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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Press Release

Mining Contracts From $10: How To Invest And Earn Passive Income With Mining

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By

m

As more players enter the cryptocurrency market, mining becomes more complex and requires more computing power. As a result, many people who previously used their own equipment for cryptocurrency mining now find it unsustainable: high electricity bills and wear and tear on the equipment. Therefore, cloud mining is becoming an increasingly attractive option.

In the partner material, we go into more detail about its features and how it will help increase passive income.

What is cloud mining

Cloud mining is a mechanism that uses leased cloud computing power to mine cryptocurrencies such as Bitcoin. Hardware setup and startup, no software installation required.

Cloud mining companies make mining even more affordable by allowing you to open an account and participate in cryptocurrency mining remotely at rock-bottom prices. Since mining takes place in the cloud, there are fewer issues with equipment maintenance or direct electricity costs.

How to start cloud mining

Here are the basic steps you need to take before getting started.

Step 1: Choose a Cloud Mining Provider

CGMD Miner is a popular and powerful cryptocurrency mining platform and an excellent resource for passive income. CGMD Miner is a free Bitcoin mining program that allows you to passively earn Bitcoins without any strings attached, regardless of technical knowledge or financial resources. Once $12 worth of Bitcoins are mined, they can be transferred to your account and traded. Any profits are yours and you can withdraw them to your personal wallet.

Platform advantages:

Get $10 immediately after registration;

High levels of profitability and daily payout;

No additional services or administrative fees required;

Other currencies can be generated;

The company’s Partner Program allows you to invite friends and earn up to $3,000 in referral bonuses;

McAfee security? Cloudflare® security protection;

24/7 technical support.

Step 2. Register an account

Go to the provider of your choice and sign up to create a new account.

CGMD Miner offers a simple registration process: all you need to do is enter your email address. After signing up, you can start mining Bitcoin immediately.

Step 3. Purchase a Mining Contract

Miner CGMD offers a variety of mining contract options: packages ranging from US$100 to US$5,000, each package has its own return on investment and a certain contract validity period. Right now:

The day after the contract is purchased, the revenue starts flowing in. When $100 is reached, the money can be withdrawn to a crypto wallet or continue to purchase other contracts.

Step 4: Earn passive income

Cloud mining is a great way to increase your passive income. Cryptocurrency capital can be grown via “autopilot” mode with minimal time outlay – less than any type of active trading. Passive income is the goal of every investor and trader, and with CGMD miners, achieving it is easier than ever.

CGMD Partner Program

Miner CGMD also offers an affiliate program, a platform that allows you to earn money by recommending the site to others. You can make money even without investing. A fixed one-time bonus of up to $3,000 will be charged for inviting positive referrals.

For more information about CGMD mining machines, please visit the official website https://365miner.com/

Read Also: OKX Achieves SOC 2 Type II Certification, Demonstrating its Industry-Leading User Safety, Security and Compliance Standards

Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.

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