Crypto and blockchain technology continue to evolve with several notable advancements and collaborations. On December 6, key developments in the blockchain sector were reported:
Spirit Blockchain Capital's Collaboration: Spirit Blockchain Capital (SBC) successfully closed its latest funding round, including significant investment from EOS Network Ventures. This partnership is expected to influence SBC's investment decisions significantly, as ENV gains a board seat.
Io.net and Filecoin Storage Providers: Io.net, a GPU computing platform for AI startups, announced a new feature that allows Filecoin Storage Providers to become GPU suppliers. This integration could benefit resource-intensive applications like machine learning and AI, offering a new revenue stream for storage providers.
Tribal Finance's New Lending Pools: Targeting SMEs in regions like Latin America and the Middle East, Tribal Finance launched its first lending pools, promising up to 14% yields. The project, funded by companies including SoftBank and Coinbase, aims to leverage blockchain for collateralized lending, emphasizing legal compliance and secure transactions.
QANplatform's Quantum-Resistant Blockchain: QANplatform, a layer-1 blockchain compatible with Ethereum's EVM and claiming quantum resistance, signed a $15 million investment contract with MBK Holding. This positions QANplatform as a potential frontrunner in supporting smart contracts in various programming languages.
Salus Security's Research Publication: A Web3 security company, Salus, achieved a milestone by getting a research paper published in Nature's "Scientific Reports." The paper discusses a deep learning-based solution for detecting vulnerabilities in smart contracts.
Push Protocol's Scaling Solution: To accommodate over 5,000 members in a group chat, Push Protocol launched a scaling solution for Web3 platforms. The solution integrates native token/NFT gating capabilities, enhancing administrative processes and user experience.
TBD's tbDEX for Global Transactions: A Bitcoin-focused unit of Jack Dorsey's Block, TBD, introduced tbDEX, an open-source protocol enabling financial institutions to facilitate global transactions using verifiable credentials. This innovation is set to offer convenient bitcoin or stablecoin payments in local currencies.
Oasis and NFTb Partnership: Oasis, a privacy layer for Web3, joined forces with NFTb, a Binance-backed social gaming hub, to introduce new privacy technologies for digital collectibles and gaming. This collaboration aims to address common issues like gas wars and poor price discovery in the NFT space.
Web3Auth's SafeAuth Launch: Web3Auth, in partnership with Safe, announced the launch of SafeAuth. This innovation simplifies onboarding with account abstraction, facilitating the creation of Safe Smart Account wallets secured by social logins, eliminating the need for traditional seed phrases.
Neutron and Confio's Strategic Collaboration: Neutron, a secure cross-chain smart contract platform for DeFi, entered a strategic collaboration with Confio, acquiring 25% of the software company. This partnership aims to drive technological improvements in key areas of Web3, including zk-technology and privacy.
Hashflow 2.0 Upgrade: Hashflow, a multichain DeFi trading platform, unveiled Hashflow 2.0. The upgrade features a new "Smart Order Routing" architecture, improving pricing, liquidity, and token availability. It also includes the platform's first non-EVM chain deployment on Solana.
IBM's Cryptographic Signing Technology: IBM released a cryptographic signing technology for handling digital assets in cold storage. This technology aims to reduce risks associated with manual procedures while keeping assets secure from internet exposure.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.