Protocol Village: Unstoppable Works With Push Protocol to Deliver Token-Gated Group Chats
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Jan. 11-17.
Jan. 17: Unstoppable Domains, in partnership with Push Protocol, a pioneer in decentralized communication, announced the launch of a "token-gated Group Chat for Unstoppable Messaging," according to the team. "By limiting access to specific communities based on verifiable blockchain records and tokens, Group Chat aims to eliminate the spread of misinformation and scams such as phishing, spam bots, project impersonation and social engineering-based attacks."
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Partisia Blockchain Launches Digital Asset Custody Product at Davos
Jan. 17: On stage during his keynote address at a Davos side event, Brian Gallagher, co-founder of Partisia, a layer-1 blockchain oriented around multiparty computation (MPC) and zero-knowledge proofs, introduced a custody product, according to the team: "Gallagher highlighted that unlike current custody offerings from existing providers, the new solution is decentralized, open source and available for all. 'The industry is becoming more regulated, necessitating institutional-grade, blockchain-agnostic custody solutions.'” According to a press release, the new product is called MOCCA, for MPC On-Chain Custody Advanced solution.
Space and Time Introduces 'Python Data Jobs' as Coding-Free Solution
Jan. 17: Space and Time, which describes itself as "the verifiable compute layer for Web3," has introduced "Python Data Jobs." According to the team, the new offering "tackles Web3 limitations, offering a coding-free solution for long-running Python tasks. Building on prior achievements, it enables Python usage for data tasks, with Houston, the AI chatbot, facilitating quick data migration. The program, in beta, aims to enhance real-time security with a ZK proof for Python, streamlining database migrations and empowering DeFi calculations in Web3."
ICP Upgrades Canisters to 400GB, Allowing Bitfinity's Bitcoin L2 to Run Inside Smart Contract
Jan. 17: The Dfinity Foundation announced that enhancements to ICP's canister smart contracts now allow for each canister to hold 400GB of data. According to the team: "With this upgrade, the Internet Computer is further setting itself apart as a decentralized cloud rather than another L1 blockchain. The advancement will allow Bitfinity, a Bitcoin layer-2 network based on the ICP, to run its Bitcoin L2 entirely inside of a smart contract. At only $5/year for 1GB of storage, ICP is orders of magnitude cheaper than other L1 blockchains and allows for this type of development to occur on-chain."
Solana Foundation Releases Hacker House Dates, Starting With New York in March
Jan. 16: The Solana Foundation has announced the 2024 Hacker House schedule. According to the team: "These two-day events will serve as an opportunity for the community to gather in person to build, foster, and strengthen the diverse Solana community. The content at each Hacker House will focus on themes like DeFi, regulation, and stablecoins, designed to target specific areas of interest relevant to the current market." The 2024 schedule:
- NYC: March 28-29
- Dubai: April 15-16
- London: July 5-6, 2024
- Bengaluru, India: July 26-27
Gather Network to Rebrand as Hydro, Migrate Onto Sui
Jan. 17: The Gather Network announced its transformation into Hydro Online, "marking a pivotal step forward in its mission to create a dynamic ecosystem that caters to the diverse needs of its publishers. The shift is not just a change of name but a return to the platform's core values and primary functions. These changes are designed to provide more focus, security, and efficiency in creating value for publishers and their users." According to the team, Gather has had, and will have until the new TGE (token generation event), "its own layer 1 blockchain on which it operated. From this technical setup, we are migrating to the SUI blockchain." [SUI]
CryoDAO, Dedicated to Cryopreservation Research, Raises $2.8M on Juicebox Platform
Jan. 17: CryoDAO, which says it aims to "solve death" through cryopreservation research, has raised about $2.8M (1,108 ETH) on the fundraising and treasury protocol Juicebox. According to the team: "CryoDAO's objective is to contribute to cryopreservation research projects that have a high potential to increase the quality and capabilities of cryopreservation." The project's page on Juicebox reads: "The $CRYO token is a governance token that enables you to vote for governance proposals within CryoDAO, and is not intended to constitute securities or financial instruments in any jurisdiction."
Metis Launches Community Testing of Proof-of-Stake Sequencer Pool
Jan. 16: Metis, an Ethereum layer-2 network, has launched "community testing for their Proof-of-Stake Sequencer Pool on the Metis Sepolia Testnet before its official launch on the mainnet later in 2024," according to the team: "Metis Proof-of-Stake Sequencer Pool will offer 24/7 liveness, enhanced censorship resistance, enhanced security, and fee sharing. Already announced dApps include League.Tech, Tethys Finance, Midas Games, Netswap and Hummus Finance."
Massa Mainnet Now Live, Supports Autonomous Smart Contracts and Staking
Jan. 16: Massa Labs launched the decentralized proof-of-stake blockchain network Massa on Jan. 15, following a lengthy period of development and testing, according to the team: "This event signifies the beginning of a new state-of-the-art blockchain network that offers robust architecture and brings brand new features to decentralized finance, like Autonomous Smart Contracts and on-chain web." From Massa's documentation: "Instead of one chain, there are exactly 32 threads of chains running in parallel, with blocks equally spread on each thread over time, and stored inside slots that are spaced at fixed time intervals."
Filecoin Foundation Sends IPFS to Space With Lockheed Martin-Developed Software
Jan. 16: Filecoin Foundation (FF) successfully completed a first-of-its-kind mission deploying the InterPlanetary File System (IPFS) in space, according to the team: "The recent demonstration involved sending files from Earth to orbit and back using an implementation of the IPFS protocol designed for space communications. This mission, conducted with Lockheed Martin-developed software, demonstrated how IPFS – a decentralized content distribution system – can bring the benefits of decentralized technologies to space to enable better communications across long distances and resilience in challenging environments." [FIL]
Upshot, Decentralized AI Platform, Announces Beta Launch of 'RoboNet' for Vault Management
Jan. 16: Upshot, a decentralized AI platform, announced the beta launch of its AI-powered vault platform RoboNet. According to the team: "RoboNet will allow capital providers to deposit into vaults managed by AI-powered strategies. This gives people access to much more advanced DeFi strategies by leveraging AI, going beyond what was previously achievable with traditional onchain yield-generating strategies. Previously, the requirements for successful market making were complex and resource-intensive. RoboNet automates this process, predicting long-tail asset prices and driving liquidity to long-tail assets."
Chainlink Teams Up With Circle to Allow Cross-Chain Stablecoin Transfers
Jan. 16: Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has integrated Circle’s Cross-Chain Transfer Protocol (CCTP) to make it easy for users to transfer USDC across chains, according to a press release. Developers can now build cross-chain use cases via CCIP that involve cross-chain transfers of USDC, including payments and other DeFi interactions, the statement said. [LINK]
Marblex Expands Multi-Chain WARP Service to Aptos
Jan. 16: Marblex announced the expansion of its multi-chain WARP service to now include the layer-1 blockchain Aptos, according to the team: "Aptos’s breakthrough technology and programming language, Move, are designed to evolve, improve performance and strengthen user safeguards. This update establishes a connection between the ecosystems of Aptos and MBX, enabling Aptos users to seamlessly access MBX services such as games and NFTs within its own ecosystem." [APT]
Hedera Creates MetaMask Wallet Snap, Achieving EVM Interoperability
Jan. 16: Hedera has collaborated with MetaMask to create the Hedera Wallet Snap, connecting the Hedera network with MetaMask’s 30 million monthly active users, according to the team: "The newly launched plugin will enable Hedera to achieve full EVM interoperability. Users can now send HBAR to both Hedera and EVM addresses, as well as retrieve their account information and easily view their token balances. MetaMask users can enhance the capabilities of their applications beyond the native features of MetaMask, leveraging Hedera’s wide portfolio of Web3 tools, including smart contract development and tokenization services." [HBAR]
Bitfinex Partners With Synonym to Allow Purchases of Lightning Network Connections
Jan. 16: Bitfinex, the digital asset trading platform, "has partnered with Synonym to introduce a feature that allows customers to buy Lightning Network connections for instant deposit, withdrawals and payments," according to the team: "Bitfinex customers can now connect directly to the nodes, eliminating the need for the previously cumbersome process of withdrawing balances, selecting peers, and manually opening channels. This feature removes the necessity to search for external Lightning Service Providers or listings on liquidity marketplaces, providing users with seamless access to substantial receiving capacity."
Cronos Labs' Third Web3 Accelerator Cohort Includes Lillius, Innerworks
Jan. 16: Cronos Labs announces its third Web3 Accelerator cohort, blending AI and blockchain for groundbreaking innovation. With a 57% surge in applications, five pioneering projects receive mentorship and $30,000 seed funding each. The projects are:
- Lillius
- Innerworks
- Securd
- Reax
- Newwit
The program, backed by AWS, Google Cloud and more than 100 mentors, will conduct a Demo Day in April, where the projects will have the opportunity to pitch their ideas to the program's key investment partners which include NGC, Fundamental Labs, Republic, Animoca and Delphi Digital.
WalletConnect Launches 'Web3Inbox' for Communication With Apps
Jan. 16: WalletConnect today announced the launch of the Web3Inbox application, "a new easy-to-use consumer product that provides both users and apps an essential communication point, flexible to the demands and needs of today’s world," according to the team: "The platform gives users of any wallet an all-in-one inbox to subscribe and interact with updates from the apps they love, enabling a headache-free, Web3-first notification experience that keeps them in control. The app launch follows the rollout of the Notify API for Wallets and app developer toolkit, Web3Inbox SDK."
Hitachi to Create Proof-of-Concepts for Supply Chain Solutions on Hedera
Jan. 16: The Hedera Council announced its newest member, Hitachi America, Ltd. (Hitachi), which brings with it industrial solutions expertise. According to the team: "Hitachi offers a broad range of electronics, power and industrial equipment and services, energy, industrial, health care, IT, OT, mobility and IoT with operations throughout the Americas directly and through its subsidiaries. Hitachi aims to begin creating proof-of-concepts for end-to-end supply chain and sustainability solutions on Hedera in the next year." [HBAR]
Hacken Introduces Open-Source Rust Library for Code Coverage Generation for WASM Protocols
Jan. 16: Hacken, a blockchain security auditor, has introduced an open-source Rust library for code coverage generation for WASM-based protocols, according to the team: "Code Coverage utilities are crucial for automation testing to ascertain the thoroughness of code examination. Without it, some critical components can remain untested. While it is available for Ethereum-based projects, WASM-based protocols don't have it. Wasmcov by Hacken is already integrated into the Radix ecosystem, which enables all Radix-built projects to utilize code coverage measurement. The next protocol to get it will be NEAR. The rest can set it up manually."
D8X, Decentralized Derivatives Exchange, Launches on Polygon zkEVM
Jan. 16: D8X, an institutional-grade DEX for derivatives, has launched on Polygon zkEVM, bringing new trading features to DeFi, according to the team. "With support from Polygon, Axelar, Swissborg and others, D8X reconceives on-chain derivatives, starting from fundamental financial engineering and extending to its novel white-label business-to-business model–a first for Polygon zkEVM. The DEX aims to attract institutional players with features such as cost-efficient hedging; linear, inverse and quanto perpetuals; and yield-bearing pools in Euro, USDC and stETH."
Renzo, Interface for Restaking Protocol EigenLayer, Raises $3.2M
Jan. 15: Renzo, an interface for the liquid restaking protocol EigenLayer, has raised $3.2M, according to the team: "Maven11 led the Renzo seed round which also saw follow-on investments from Figment Capital, SevenX, IOSG and Paper Ventures. More than 2,000 users have deposited $20M of ETH into Renzo since its protocol was deployed in late December. Renzo uses a combination of smart contracts and operator nodes to supply automated liquid restaking strategies and enables ETH and Liquid Staking Tokens (LSTs) to be restaked and utilized as DeFi collateral to earn compounding rewards."
Taiko Unveils 'Katla' Testnet with Multi-Proofs, Paving Way for Mainnet Launch
Jan. 15:Taiko, developing a so-called type-1 zkEVM to help scale the Ethereum blockchain, announced the launch of "Katla," its alpha-6 testnet, according to a message from the team: "Katla is laying the foundation for Taiko's mainnet launch in 2024, marking a significant step forward for the project. It will very likely be the last testnet before Taiko’s mainnet launch in 2024. It will be testing the innovative Based Contestable Rollup (BCR) design, which blends the advantages of optimistic rollups, such as simplicity and low cost, with those of ZK rollups, known for their security and shorter time-to-finality." According to a press release: "Taiko does not have a centralized sequencer and instead relies on Ethereum block builders for transaction sequencing."
Lagrange Labs Builds a Light Client for Mantle Network
Jan. 15: Lagrange Labs, developer of a blockchain proving system based on zero-knowledge cryptography, has integrated its light client protocol, Lagrange State Committees (LSC), for the Ethereum layer-2 network Mantle, according to the team. LSCs "are a ZK light client protocol for optimistic rollups (ORUs), designed through combining Lagrange’s ZK MapReduce Coprocessor and EigenLayer restaking. Each state committee borrows security from Ethereum by dual staking, both through EigenLayer restaking and with the rollup’s native token. Augmenting developer experience and cryptoeconomic security on Mantle Network, the LSC is deployed as a core primitive to enable trustless and efficient cross-chain access to Mantle."
Push Protocol Says Hackathon Participant Found Way to Quantum-Proof Ethereum
Jan. 15 (PROTOCOL VILLAGE EXCLUSIVE): Push Protocol, the communication protocol of Web3, recently concluded their Billion Reasons to Build (BRB) developer tour in India, according to the team: "During the hackathon, Aditya Bisht successfully solved one of its hardest coding challenges belonging to the Ethereum Foundation – quantum proofing the Ethereum Network. Bisht's creation of an account abstraction smart contract effectively conceals public keys, enhancing the network's defense against quantum decryption. Building on this success, Push Protocol decided to expand their tour globally as BRB Online and offer ongoing coding challenges to developers."
Hedera, Algorand, Swirlds Form 'DeRec Alliance' for 'Decentralized Recovery' Standards
Jan. 15: The Hedera and Algorand ecosystems have joined to Form DeRec Alliance. (DeRec stands for "decentralized recovery.") According to the team: "Entities from across the Hedera and Algorand ecosystems including the HBAR Foundation, Algorand Foundation, Hashgraph Association, Swirlds Labs, and DLT Science Foundation, along with industry partners The Building Blocks and BankSocial, are partnering to develop a new interoperability recovery standard which will simplify the recovery & adoption of crypto and other assets. The DeRec Alliance will bring together the Web3 ecosystem to offer an open-source, industry-standard methodology making digital asset recovery painless & secure across wallets."
BitCountry to Introduce 'BitAvatar' for Digital ID
Jan. 15: BitCountry, a Polkadot parachain project, launched InnoVoy Event to introduce BitAvatar before their L1 MNet Continuum, according to the team. "BitAvatar, part of MNet's enriched layer, offers a Universal Avatar identity with NFT-bound wallet, enhancing Web3 experiences. The first 1,000 users can free-mint BitAvatar IDs, with subsequent access via invite codes. This is a significant step in digital ID evolution in blockchain, with personalized avatars and exclusive benefits for MNet's ecosystem projects. The BitCountry Team aims to simplify blockchain accessibility and understanding through this innovative technology." MNet is a "scaled EVM and WASM network with an Enriched Social Layer," according to a blog post. [DOT]
Google Cloud Joins Flare Network as Validator
Jan. 15: The cloud division of tech giant Google (GOOGL) has joined the Flare blockchain as a validator and infrastructure provider. Google Cloud is one of 100 organizations adopting this combined role, both securing the network as a validator and contributing to the Flare Time Series Oracle (FTSO), according to an announcement shared with CoinDesk on Monday.
Injective 'Volan' Upgrade Introduces Real World Asset Module
Jan. 11: Injective, a finance-focused Web3 blockchain, launched the Volan chain upgrade, its biggest protocol update to date, which will introduce the Real World Asset (RWA) Module. According to the team: "Injective’s new RWA Module offers a groundbreaking approach to creating and managing permissioned assets with extensive customization options. This module enables both institutions and individual users to easily launch and access a variety of structured products and RWAs such as fiat pairs, treasury bills, and exclusive credit products, accessible through compliant gateways." [INJ]
DePIN and DeWi Come to Sui Through Partnership with Karrier One
Jan. 11:Sui, a layer-1 blockchain, is getting DePIN and DeWi through a groundbreaking partnership with Karrier One, according to the team: "The deal also includes strategic investment from Sui to fuel the expansion of Karrier One’s global footprint and deployment on Sui. The technical integration will feature DePIN services powered by the Sui blockchain and the launch of a Karrier One Decentralized Wireless (DeWi) network token on Sui. In addition, contributors to and participants in the Karrier One ecosystem will be able to earn DeWi tokens for various activities such as deploying radios and mobile usage involving Karrier One phone numbers."
Union Partners With Movement, Noble for USDC Support Across Celestia
Jan. 11: Union Labs, a sovereign interoperability layer, has partnered with modular blockchain network Movement Labs and the Cosmos-based asset-issuance appchain Noble to transport native USDC and other assets across Celestia’s modular stack. According to the team: "Union’s zero-knowledge IBC bridge facilitates a seamless flow of liquidity across Movement rollups, the broader Cosmos ecosystem and Celestia’s sovereign rollups, as well as allowing for general message passing and asset transfers on Movement."
Open Dollar, Arbitrum Lending Protocol, Innovates 'Non-Fungible Vaults' or NFVs
Jan. 11: Open Dollar (OD), an Arbitrum lending protocol, will airdrop 78k+ tokens to qualifying wallets on January 17, approximately three weeks before the lending protocol goes live on Arbitrum Mainnet. According to the team: "Open Dollar is a lovechild of DeFi and NFTs, innovating a concept called Non-Fungible Vaults (NFVs) which enables tradable loans as NFTs, with a focus on liquid staking tokens and Arbitrum native assets, so users earn their staking rewards while they trade. Three percent of the total token supply, 300,000 Open Dollar Governance tokens, will be airdropped to qualifying users."
Bitfinity Has Secured $7M From Backers Including Polychain, ParaFi
Jan. 11: Bitfinity Network, a Web3 infrastructure firm, on Thursday announced it has successfully secured over $7 million in funding from notable backers, including Polychain Capital and ParaFi Capital, advancing its mission to establish off-chain infrastructure for Bitcoin and Ordinals. According to the team: "The raise coincides with the development of the Bitfinity Ethereum Virtual Machine (EVM) – a Bitcoin sidechain integrated into the Internet Computer blockchain that enables solidity developers and existing EVM-compatible services to build Bitcoin-enabled decentralized apps (dApps)."
Ethereum's Vitalik Buterin Proposes Gas Limit Increase
Jan. 11: Ethereum co-founder Vitalik Buterin suggested raising the network's gas limit by 33% on Wednesday – a move that would raise the network's transaction capacity and could reduce fees for end-users, but could increase operational costs for validators.
Mobile Gaming Studio AOFverse Gets Grant from Arbitrum Foundation
Jan. 11: AOFverse, a prominent mobile gaming studio, secured a "significant" grant from Arbitrum Foundation, according to the team: AOFverse plans to innovate mobile gaming with blockchain tech, emphasizing Web3 integration and user education. Their game Army of Tactics is gaining popularity with over 4 million TikTok followers. The AFG token enhances community engagement. This partnership aims to create a blockchain-powered metaverse, setting new gaming industry standards."
StarkWare CEO Uri Kolodny Steps Down Due to Family Health Issue
Jan. 11: Uri Kolodny, the CEO of Ethereum scaling and privacy technology StarkWare, is stepping down due to a family health issue. StarkWare president Eli Ben-Sasson will become CEO, and Kolodny will continue to serve on the StarkWare board of directors, the company said on Thursday.
Liquidity-Focused Berachain Opens Layer-1 Testnet to Public
Jan. 11: Upcoming layer 1 blockchain Berachain opened its testnet to the public Thursday, a debut for its "proof of liquidity" consensus mechanism that garnered $42 million in funding last year. Berachain is a meme-fueled project built in the Cosmos ecosystem. Its creators are largely pseudonymous crypto developers who identify themselves online with pictures of cartoon bears – some smoking weed.
Aave Community Votes To Integrate PayPal’s Stablecoin
Jan. 11: Aave, the decentralized non-custodial lending and borrowing protocol, is voting to onboard PayPal's PYUSD stablecoin issued by Paxos Trust Company. In an ongoing governance vote, 99.98% of the participating AAVE token holders favor integrating PYUSD into AAVE's Ethereum-based pool. The voting on the proposal, termed temperature check, floated by Trident Digital on Dec. 18, will end later Thursday. The vote follows decentralized exchange Curve's December decision to host PYUSD.
Ryder, Hardware Wallet, to Become Signer for Stacks Nakamoto Upgrade
Jan. 11: Ryder, a hardware crypto wallet, announced it will become a signer for the upcoming Stacks Nakamoto upgrade as well as operate the FAST pool. According to the team: "The FAST Pool is one of the first and currently one of the largest stacking services in the Stacks ecosystem, boasting a total TVL of 43 million STX. Ryder's participation in helping to decentralize the Bitcoin movement on Stacks' Layer 2, will strengthen the security of the network and enable the next generation of scalable Bitcoin applications."
Bradley Keoun
Bradley Keoun is CoinDesk's managing editor of tech & protocols, where he oversees a team of reporters covering blockchain technology, and previously ran the global crypto markets team. A two-time Loeb Awards finalist, he previously was chief global finance and economic correspondent for TheStreet and before that worked as an editor and reporter for Bloomberg News in New York and Mexico City, reporting on Wall Street, emerging markets and the energy industry. He started out as a police-beat reporter for the Gainesville Sun in Florida and later worked as a general-assignment reporter for the Chicago Tribune. Originally from Fort Wayne, Indiana, he double-majored in electrical engineering and classical studies as an undergraduate at Duke University and later obtained a master's in journalism from the University of Florida. He is currently based in Austin, Texas, and in his spare time plays guitar, sings in a choir and hikes in the Texas Hill Country. He owns less than $1,000 each of several cryptocurrencies.