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Protocol Village: BitcoinOS, Bitcoin Layer-2 Project, Open-Sources 'BitSNARK' Verification Protocol

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Sept. 19-25.

Updated Sep 25, 2024, 1:47 p.m. Published Sep 25, 2024, 1:47 p.m.
Consensus 2024 by CoinDesk, Austin, USA
Consensus 2024 by CoinDesk, Austin, USA

Wednesday, Sept. 25

BitcoinOS, Infrastructure Project for Bitcoin Layer 2s, Open-Sources BitSNARK Verification Protocol

BitcoinOS (BOS), describing itself as infrastructure enabling layer-2 networks on Bitcoin, says it has open-sourced the BitSNARK Verification Protocol for further experimentation in Bitcoin. According to the team: "BitSNARK allows zk-SNARK proofs to run on Bitcoin with no changes to the core protocol. With advanced cryptography, any code can be compiled and run to Bitcoin. BOS verified the first-ever ZKP on Bitcoin mainchain using BitSNARK, enabling future permissionless upgrades. BitSNARK uses economic incentives to ensure honesty without overwhelming the blockchain with computation. BitSNARK v0.1 is now open-source. The more advanced version, used by BOS, is the next version to be open-sourced."

Huddle01, Blockchain Video Conferencing Project That Seeks to Outdo Zoom, Targets $37M Node Sale

Huddle01, a blockchain project to provide decentralized audio and video conferencing – aiming to provide lower latency virtual meetings than Zoom and Google Meet – plans to raise as much as $37 million in a sale of network nodes. The 49,600 "media nodes" being sold offer operators a way to contribute excess internet bandwidth the communication network, in exchange for token rewards. According to a litepaper, some 21% of the project's HUDL tokens will be distributed to media nodes. Huddle01 is built using technology borrowed from the Ethereum layer-2 network Arbitrum.

Huddle01 CTO Susmit Lavania, left, and CEO Ayush Ranjan, on a Huddle video conference call. (Huddle01)
Huddle01 CTO Susmit Lavania, left, and CEO Ayush Ranjan, on a Huddle video conference call. (Huddle01)
Celo Developer Tees Up 'Alfajores Hard Fork,' in Migration to L2 on OP Stack

CLabs, developer of Celo network, said it plans to execute the Alfajores hard fork on Thursday, "the next phase in Celo’s L2 migration." According to the team: "The Alfajores hard fork is built on the OP Stack release 1.9.1. Alfajores will support many of the Dango testnet features, like fee abstraction (paying for gas with ERC-20 tokens including USDC and USDT), one-block finality, CELO token duality (interacting with CELO natively and via the ERC-20 interface), staking rewards and Celo’s Ultragreen Money 4 model. After the hard fork, all data and state from the existing L1 testnet will migrate to L2, with Alfajores L2 becoming the default, only active testnet."

Tuesday, Sept. 24

DAO Behind Gaming Ecosystem Treasure Approves Plan to Migrate to ZKsync From Arbitrum Orbit

Members of Treasure DAO, the governing organization behind the Treasure blockchain gaming ecosystem, originally developed to use the Arbitrum Orbit stack, have voted to approve a plan to migrate to the ZKsync ecosystem, according to the team: "Treasure will bring the decentralized game console to the Elastic Chain. The community voted overwhelmingly (99.5%) to launch the Treasure L2 as part of the ZKsync ecosystem. Earlier this month, the proposal was submitted to DAO members. The proposal outlined plans to launch the Treasure chain as an L2 leveraging ZKsync’s ZK Stack technology instead of Arbitrum Orbit as previously planned."

Daylight, a Daylight raises $6M seed round led by Union Square Ventures, USV, and co-led by 1kx

Daylight, a project with an API that powers personalized transaction recommendations for crypto wallets like Coinbase Wallet, MetaMask, Zerion and OKX Wallet, has raised $6 million in a seed round led by Union Square Ventures and co-led by 1kx. Examples of recommended transactions include token mints, claims and quests. According to a blog post: "It’s like the home tabs of Netflix or Spotify, but with things to do onchain instead of movies or music." "Prior pre-seed investors Framework Ventures and Chapter One also participated in this round, as well as new angels including evgeny.eth (Co-Founder, Zerion), vadim.eth (Co-Founder, Zerion), corbin.eth (early Consensys), idobn.eth (Co-Founder, Blockaid), razniv.eth (Co-Founder, Blockaid), nir.eth (Co-Founder, Yup), and Shreyas Hariharan (Co-Founder, Llama). This round brings the total raised to $9 million."

Screengrab from Daylight blog post
Screengrab from Daylight blog post
Hyperlane, Interoperability Layer, Deploys on Solana, Eclipse to support SVM Developers

Hyperlane, describing itself as the first permissionless interoperability layer that allows smart-contract developers to send arbitrary data between blockchains, announced deployment on Solana and Eclipse, "to help users connect and support developers building on SVM," according to the team. (SVM, short for Solana Virtual Machine, is the execution environment for smart contracts on the Solana blockchain.) According to the Hyperlane team: "Users looking to connect to other SVM chains can now do so in a permissionless and open-source approach using Hyperlane. Hyperlane’s mission is to empower users to seamlessly connect to any chain, and scaling to every new chain and VM is a huge challenge for any one team, but Hyperlane's interoperability solution makes it easy for external teams to contribute with an open source and permissionless stack."

RootstockCollective DAO, Project to Reward Bitcoin Builders and Rootstock Users, Goes Live

The RootstockCollective DAO went live last week on Rootstock, the longest running Bitcoin sidechain, and staked over $550,000 within its first 24 hours, with over 100 active participants, according to the team: "RootstockCollective is a project designed to empower and reward Bitcoin builders and users of Rootstock. Anyone can join the DAO by staking RIF tokens to acquire stRIF tokens. This enables them to take part in decentralized governance and be first to know about future features, rewards and incentives. It features the first-ever grant program within a Bitcoin DAO." A white paper reads: "The RootstockCollective Foundation will facilitate the transition towards community-driven decision-making for the Rootstock ecosystem."

Web3 Foundation, Focused on Polkadot, Announces $25M 'Decentralized Futures' Grants Program

Web3 Foundation, supporting the flagship Polkadot blockchain, announced a new Decentralized Futures grant program, assigning more than $25 million in funding to Web3 projects. According to the team: "Projects from a wide range of use cases applied for funding through the program, with blockchain-related solutions in deployment tooling, DeFi, social media, gaming and recruitment among those case studies identified by the reviewers with the potential to propel the Polkadot network forward. Over 250 projects applied, as of September, more than 50 new projects were successfully identified." CoinDesk 20 asset: (DOT)

Bitcoin Rollup Citrea Deploys BitVM-Based Bridge 'Clementine' on Testnet

Bitcoin zero-knowledge rollup Citrea has deployed its BitVM-based bridge Clementine to the Bitcoin testnet. Citrea, which raised $2.7 million in seed funding led by Galaxy in February, aim is to use Bitcoin as a settlement layer to make it "the foundation for the world's finance," according to an emailed announcement on Tuesday.

DeFi Protocol Cega Debuts 'Vault Token Market' to Facilitate Seamless Investing

Decentralized exotic-derivatives protocol Cega announced a new feature that gives users more flexibility in managing their investments and responding to changing market conditions. The Vault Token Market (VTM) will boost liquidity, utility and flexibility of users' investments, Cega said in a press release shared with CoinDesk.

Bella Protocol, Project for AI-Enhanced Crypto Trading, Launches 'Signal Bot'

Bella Protocol, a project to incorporate AI tools into crypto trading, has launched the Bella Signal Bot, "by leveraging AI to simplify complex strategies for users of all levels," according to the team: "As the crypto market grows more intricate, Bella is evolving to offer real-time, AI-driven trading signals that help users make confident decisions. Powered by advanced AI models like KnightML and ViperAI, the bot analyzes market data to provide long and short signals for key perpetual token pairs, with built-in stop-loss mechanisms and seamless Telegram integration."

Blockchain Data-Availability Project Celestia's Foundation Raises $100M

Celestia Foundation, the team behind the Celestia blockchain network, said Monday that it has raised $100 million in a fundraising round led by Bain Capital Crypto. The fresh round of capital saw participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder. The team did not detail what the new capital will be used for but highlighted that core developers are focused on its new roadmap unveiled earlier this month.

DeFi.Gold, DEX and NFT Marketplace Focused on Bitcoin Blockchain, Starts Multi-Chain Token Launchpad

DeFi.Gold, describing itself as a decentralized exchange and NFT marketplace focused on the Bitcoin blockchain, is starting a groundbreaking multi-chain token launchpad, "bridging Bitcoin-native assets with Ethereum, TON and Stacks, enabling decentralized projects across multiple blockchains," according to the team: "Supporting assets like Jettons, ERC-20 tokens, Runes, RGB and Taproot Assets, it allows token sales using Bitcoin, Lightning, Stacks, Ethereum and TON. The platform offers customizable crowdsales with flexible bonding curves and will enable auction-based token sales, including Dutch auctions, by Q1 2025."

Folks Finance, DeFi Protocol on Algorand, Expands to Ethereum, Avalanche, Base

Folks Finance, a non-custodial DeFi protocol, launched its next evolution by expanding product offerings to three new blockchains: Ethereum, Avalanche and Base.

WSPN, Provider of Stablecoin Infrastructure, Raises $30M, Adds Former Visa Exec to Board

WSPN, short for Worldwide Stablecoin Payment Network, a provider of stablecoin infrastructure, announced that it has secured$30 million in seed funding, and appointedJohn Partridge, former president of Visa Inc., to its board of directors, according to a press release. The seed funding round was led by Foresight Venture and Folius Ventures, with participation from prominent investors including Hash Global, Generative Ventures, Yunqi Partners, RedPoint China and a consortium of investment companies, exchanges and foundations. The press release states: "WSPN is introducing Stablecoin 2.0 through its flagship product, Worldwide USD (WUSD). This innovative approach aims to create a decentralized equivalent of Visa's trusted payment network, addressing current limitations such as high market concentration and narrow use cases."

Monday, Sept. 23

Jump's 'Frankendancer' Validator Client Software Is Live on Solana Mainnet

Frankendancer, an early version of Jump Crypto's highly anticipated Solana validator client software, Firedancer, is live and contributing to the performance of the Solana blockchain, Jump's Chief Science Officer Kevin Bowers said Friday. Firedancer itself is running on testnet, Bowers said, indicating it has achieved minimum viability and is getting close.

21Shares Parent Integrates Chainlink's Proof of Reserve for Wrapped Bitcoin Alternative, 21BTC

21.co, the parent company of 21Shares, one of the world’s largest issuers of crypto exchange traded products (ETPs), announced the integration of the industry-standard Chainlink Proof of Reserve on both Solana and Ethereum mainnets to increase the transparency of 21.co Wrapped Bitcoin (21BTC). According to the team: "The firm is leveraging Chainlink Proof of Reserve within 21.co’s digital asset management platform Onyx to automate real-time reserve verification and enable secure minting of 21BTC."

Pyth, Decentralized Blockchain Data Infrastructure, Launches 'Oracle Integrity Staking'

Pyth Network, a public decentralized data infrastructure for blockchain applications, announced the launch of Oracle Integrity Staking, "the latest innovation to Pyth Price Feeds." According to the team, the new offering "unlocks an entirely new generation of on-chain financial data, where anyone can be rewarded for providing economic protection and data source accountability within the Pyth Protocol. Oracle Integrity Staking enhances the accuracy and reliability of Pyth Price Feeds by aligning the incentives of publishers and stakers with Pyth’s security and data quality goals."

Darkbright Studios, Game Developer Incubated by Treasure DAO, Raises $6M Led by Bitkraft

Darkbright Studios, a game developer originally incubated by Treasure DAO, raised a $6 million seed round led by Bitkraft Ventures, "to build the next generation of accessible and engaging mid-core titles, starting with Smolbound," according to the team. Other investors in the round included Play Ventures, Anthos Capital, King River Capital, Rockaway X, Zentry, Caballeros Capital, Gam3Girl Ventures, and Offchain Labs. Smolbound, "an RPG/sim hybrid, is a player-driven world with seamless Web3 integration. The studio has initiated closed beta tests for the game, with plans to launch it on the Treasure layer-2 blockchain next year."

Screengrab from Smolbound game (Darkbright)
Screengrab from Smolbound game (Darkbright)

Friday, Sept. 20

Aethir, Filecoin Foundation Form Alliance for Enterprise-Grade Decentralized GPU Cloud Computing

Aethir, a project for decentralized GPU cloud computing, and Filecoin Foundation are establishing an alliance to provide clients with enterprise-grade solutions to support their businesses with decentralized infrastructure, according to a blog post: "As part of our collaboration with the Filecoin Foundation, Aethir will explore GPU leasing to Filecoin’s storage providers, thus providing Filecoin’s infrastructure network with a reliable and secure source of GPU cloud computing supplies. In parallel to becoming sealing-as-a-service providers, some of Filecoin’s storage providers can borrow GPU capacity from Aethir if they need excess processing power to seal data onto Filecoin’s network... Aethir’s vast network of 43,000+ top-grade GPUs and our premium selection of 3000+ NVIDIA H100s for advanced GPU workloads can provide a highly scalable and trustworthy solution for all Filecoin storage providers needing additional GPU resources." From a press release: "Additionally, Aethir has integrated with Lighthouse, a platform built on Filecoin offering perpetual storage, encryption, custom gateways and multi-chain smart contracts. Aethir plans to upload AI and node-focused data to the Filecoin network, via Lighthouse. By archiving critical data sets such as TensorOpera Fox-1 to the Filecoin network, Aethir is ensuring transparency, accountability and robust audit trails for AI model governance. Moving forward, Aethir plans to expand its use of Filecoin storage solutions to archive chain state data, enhance data management capabilities, and drive the vision of a fully decentralized ecosystem with minimized operational costs." CoinDesk 20 asset: (FIL)

Interoperability Project Wormhole's 'Era3' Overhaul Entails Expanded Integrations of Intents, NTT

Wormhole, a blockchain interoperability project, announced its largest platform overhaul to date, Era3. According to the team, "This entails expanded integrations of intents and NTT, composable intents, a full-service offering for token transfers/cross-chain swap and Wormhole scan, a tool for improving transaction tracking capabilities and analytics. Core to Era3 is the launch of the Wormhole Institutional offering for financial and enterprise use cases, with institutional partners like Securitize and Google Cloud as early adopters." (W)

Perps DEX Zeta Unveils 'Bullet,' Described as Solana's First L2

Zeta Markets, a decentralized perpetuals exchange on Solana, unveiled Bullet – described as Solana’s first layer-2 solution – along with the latest version of Zeta X, at Solana Breakpoint 2024. According to the team: "Bullet, a zkVM-based L2 rollup, aims to solve issues like block times, latency and network congestion, enhancing Solana's performance. Bullet's testnet will launch in Q4 2024, with the mainnet expected in early 2025. Zeta X, the first super app on Bullet, will offer a CEX-like experience with features such as 100x leverage, near-instant confirmations, and advanced chain abstraction."

Telos Foundation Announces Launch of 'Telos X'

Telos Foundation, supporting the Telos blockchain, announced the launch of its new crypto exchange, Telos X. According to the team: "Telos X will also act as a key component within the Telos Network, which currently powers hundreds of unique dApps, including NewLife, Zeptagram, Seeds, Wordproof, Appics, Qubicles, Qudo and Taikai."

Digital-Asset Platform Abra Collaborates on RWA Tokenization With Balaji Srinivasan-Affiliated 'Praxis'

Abra, a platform for digital asset services, has partnered with Praxis, described as "the first network state," to collaborate on real world asset tokenization, as well as DeFi services to network states, including those created on the Praxis platform. According to the team: "Praxis and Abra intend to create an on-chain database of real estate, businesses, citizenship, contracts, marketplaces and other on-chain DeFi (decentralized financial) services that interact seamlessly with both online communities and physical cities."

Praxis "Citizen Map" (Praxis)
Praxis "Citizen Map" (Praxis)
Web3 Social Gaming Ecosystem Soulbound to Launch Live Streaming Platform at TwitchCon

Soulbound, a Web3 social gaming ecosystem, will launch its Web3 live streaming platform at TwitchCon San Diego, starting September 20, 2024. The semi-annual convention organized by Twitch will provide an opportunity for Soulbound to present its platform. Soulbound is backed by investors including Animoca Brands, NGC Ventures and Big Brain Holdings. The platform is designed to offer content monetization, community interactions and enhanced creator and viewer experiences."

Xandeum Reveals Blueprint for Scaling Solana Storage

Blockchain storage layer Xandeum is revealing its blueprint for scaling Solana storage at Breakpoint 2024. According to the team, the project is introducing “Xandeum buckets,” described as "an exabytes+ scalable file system integrated directly into Solana RPC nodes. Storage will be offloaded to a decentralized network of hundreds of thousands of storage provider nodes (pNodes), supervised by Xandeum-enabled Solana validators. PNodes, validators, & liquid stakers will earn additional rewards in SOL, thanks to highly dynamic fee markets designed to optimize storage efficiency and profitability."

Thursday, Sept. 19

Worldcoin, Blockchain Identity Network, Introduces 'Face Auth' as New Security Measure for World ID

Worldcoin, the blockchain identity network known for its iris-scanning orbs as well as its affiliation with OpenAI founder Sam Altman, introduced Face Auth, a new security measure for World ID. According to the team: "Face Auth is a private 1:1 face comparison that ensures only the person who verified their World ID at an orb can use it. It provides increased security for your World ID during actions like online purchases, financial transactions, secure sign-in applications and much more."

Screengrab from demo video for Worldcoin's new "Face Auth" (Worldcoin/X)
Screengrab from demo video for Worldcoin's new "Face Auth" (Worldcoin/X)

Polkadot Releases 'Agile Coretime' to Advance Allocation of Computational Resources

The Polkadot community released its latest major product, Agile Coretime, as part of the ongoing Polkadot 2.0 upgrade. According to the team: "This new feature represents a significant advancement in how computational resources are allocated and managed within the Polkadot ecosystem... This new approach replaces the previous auction system, in which single cores were leased for two years at a time." Accoding to the project documentation: "Agile Coretime allows for the purchase of coretime in 'bulk,' with an allocation for one month. Heavy duty parachains which need to author a block every 12 seconds (or every six seconds through Asynchronous Backing), can seamlessly 'renew' the core each month. Coretime renewal orders take precedence over new orders and provide protection against price fluctuations, allowing parachains to plan their project budget and costs more effectively. The purchased coretime can also be split up and sold in parts, down to a single block per month, allowing for secondary markets to thrive and improve the allocation efficiency of coretime."

Core usage before, with Polkadot 1.0:

Core usage under Polkadot 1.0 (Polkadot)
Core usage under Polkadot 1.0 (Polkadot)

After, with Polkadot 2.0 and Agile Coretime:

Core usage under the new system in Polkadot 2.0 with Agile Coretime (Polkadot)
Core usage under the new system in Polkadot 2.0 with Agile Coretime (Polkadot)
Privado ID, Formerly Polygon ID, Announces Strategic Merger With Disco for 'Multichain Verifiable Data and Reputation Management'

Privado ID, formerly Polygon ID, which has established proofs-of-concept with several multinational banking and financial service companies, announced a strategic merger with Disco, a pioneer in multichain verifiable data and reputation management. According to the team: "The merger will propel the development and adoption of a unified, chain-agnostic digital identity infrastructure spanning both Web2 and Web3 ecosystems, and for the first time see Privado ID become available in chains like Optimism, Arbitrum, Base and others with Privado ID's own established partnerships and scalable infrastructure." The press release stated: "By leveraging Disco’s Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs), Privado ID enhances cross-chain compatibility enabling it to expand its services across multiple EVM-compatible chains."

Illustration from Thursday's press release (Privado ID)
Illustration from Thursday's press release (Privado ID)
Midnight, 'Data Protection Blockchain,' Releases Litepaper

Midnight Network, a new layer-1 data protection blockchain, has released its litepaper, “Nightpaper." The paper aims to "demonstrate how the network enables apps that protect user, commercial and transaction metadata. The Nightpaper explains how Midnight has solved a new blockchain trilemma: using zero-knowledge (ZK) proofs for utility without compromising data protection or ownership."

Midnight's architecture, marketed as a "lightweight design," as laid out in the project's litepaper (Midnight)
Midnight's architecture, marketed as a "lightweight design," as laid out in the project's litepaper (Midnight)
Solana Unveils Details of Second Crypto Phone 'Seeker'

Solana Labs's phone designing subsidiary is slated to ship its second crypto phone in 2025, Solana Mobile announced at the Token 2049 conference on Thursday. Called Seeker, the upcoming handheld will be a major hardware improvement over Solana's first mobile phone, with better battery, a stronger camera and a lighter design than the Saga, said Emmet Hollyer, who runs Solana Labs' phonemaking project. CoinDesk 20 asset: (SOL)

Solana's next phone (Solana Foundation)
Solana's next phone (Solana Foundation)
Civic's ID Solution to Verify Drivers' Licenses, Ages on Web3 Car-Rental Platform Rentality

Civic, developer of a tokenized identity solution on the verifiable web, has partnered with Rentality, described as the first Web3 car rental platform, "to securely verify drivers' licenses and enforce age minimums on the Base network." According to the team: "Using Civic's ID Verification Pass, users can verify licenses virtually, streamlining the car rental process. This solution enhances security, trust and compliance in car rentals and peer-to-peer marketplaces by eliminating the need for physical verification and reducing friction in the transaction, setting a new standard for secure rentals."

Illustration of Rentality's proposed solution for "blockchain care rental powered by Web3" (Rentality)
Illustration of Rentality's proposed solution for "blockchain care rental powered by Web3" (Rentality)
Chromia Blockchain Plans 'Asgard' Mainnet Upgrade for Customized Chains, Plans $20M Data and AI Ecosystem Fund

Chromia, a blockchain ecosystem that aims to avoid network congestion partly by giving every decentralized app (dapp) its own cluster of nodes and computational resources, announced the upcoming "Asgard" mainnet upgrade on the TOKEN2049 stage, along with a $20 million Data and AI Ecosystem Fund. According to the team: "The fund is aimed at supporting data-intensive projects and AI-enabled applications. Asgard, scheduled for Q4 2024, will introduce 'Extensions' – customized chains designed to bring new functionalities to the platform such as oracles, computation for AI models, support for data availability and ZK proofs."

Jade City, Project on Base Chain for Tokenization of Jade, Releases White Paper

Jade City, a RWA platform specifically designed for tokenization of the $50 billion-plus jade market, released its white paper. According to the team: "The Jade City white paper outlines how the new platform will kick off a new era of RWA tokenization when it launches later in 2024, detailing its supply and value chain, supply and distribution partners, revenue and token model, and ongoing roadmap." According to the white paper: "The economy of Jade City is powered by a community-funded value chain. The Jade City community gains access to raw material by purchasing a treasury bond with a stablecoin such as USDT. These funds are used to acquire jade early in the value chain. In return, part of the profit generated from processing and sales is given back to bond holders in the form of tokenized physical jade. The majority of the remaining profit is used to buy. and burn the $JCT token, channeling value to the token holders." The project was co-founded by the owners of the largest jade deposit, the paper reads. According to a spokesperson, the project is being built on Base, with a beta platform expected in early October.

NFTs will serve as the base layer for validating the physical jade that underpins both JADE tokens and the boulder tokens (Jade City white paper)
NFTs will serve as the base layer for validating the physical jade that underpins both JADE tokens and the boulder tokens (Jade City white paper)
ChainOpera AI, Decentralized AI Platform, Emerges From Stealth

ChainOpera AI, a decentralized and open AI platform, has emerged from stealth, according to the team. The project is "launching its decentralized platform and app marketplace that enables developers to build, train, and deploy AI applications using fully decentralized resources. While existing decentralized AI solutions focus on infrastructure like GPUs, they still rely on centralized providers like AWS. ChainOpera fills this gap by delivering enterprise-grade AI models and decentralized infrastructure, providing cost-effective GPU access, community-sourced AI training, and a marketplace for apps built on its decentralized infrastructure."

Oasis Network Launches Liquid Staking With Accumulated Finance

Oasis Network, designed to be a scalable, privacy-first and versatile layer-1 blockchain, has launched liquid staking in partnership with Accumulated Finance, according to the team: "ROSE token holders can now stake their assets while keeping them liquid for trading or use in DeFi applications. This new feature, powered by the Oasis Sapphire ecosystem, provides stROSE, a liquid staking token, allowing users to earn rewards and engage with decentralized apps. Improvements include boosted staking APR and a reduced unbonding period." Users no longer have a 14-day unbonding period when converting staked ROSE to unstaked ROSE, a blog post reads.

Schematic illustrating liquid staking with Oasis with Accumulated Finance (Oasis)
Schematic illustrating liquid staking with Oasis with Accumulated Finance (Oasis)
MatrixPort, ExSat Plan New Wrapped Bitcoin Alternative, NBTC

MatrixPort, a digital asset services platform, and exSat, a docking layer for Bitcoin scalability, plan to work together to introduce nBTC, a wrapped bitcoin alternative, "to improve liquidity and enable diverse financial applications such as staking and lending," according to the team: MatrixPort "will leverage its technology and user base, while exSat focuses on indexing UTXO data. The strategic partnership is set to position exSat as the biggest among Bitcoin L2s, with ~$400 million at launch."

RedStone, Blockchain Oracle Provider, Claims First to Offer Price Feeds on TON Blockchain

RedStone, a leading provider of blockchain oracles, announced the integration of its data feeds into the TON (The Open Network) blockchain. According to the team: "This integration empowers developers and users with fast, gas-efficient and secure data solutions. It is the first and only oracle solution to offer price feeds for TON. By continually expanding its data feeds to meet the evolving demands of the TON ecosystem and deploying production infrastructure to support high-demand asset prices, RedStone is dedicated to fostering the continued growth of TON’s DeFi landscape."

Aethir, GameCentric to Use Decentralized GPU Cloud to Support Expansion Into In-Game Tokens

Aethir and GameCentric announced a collaboration to enhance Web3 gaming using Aethir’s decentralized GPU cloud infrastructure. According to the team: "This integration boosts GameCentric’s scalability, security, and performance, supporting its expansion into in-game tokens, non-custodial wallets, and a marketplace. This collaboration enables GameCentric to lead in emerging markets while elevating player experiences across Web2 and Web3."

Solana-Based DeFi Platform Drift Raises $25M Led by Multicoin to Expand DEX

Decentralized finance (DeFi) platform Drift raised $25 million in Series B funding to expand its Solana-based exchange, Fortune reported on Thursday. The round was led by led by Multicoin Capital. Drift plans to build an array of financial services tools, including spot and derivatives trading and a predictions market to become the "Robinhood of crypto," co-founder Cindy Leow said, according to the report. The company intends to double its headcount to 50 within the next year.


Protocol Village is a regular feature of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday. Project teams can submit updates here. For previous versions of Protocol Village, please go here.


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.

picture of Bradley Keoun