East Asia Story

11/03/2024

Lisk and Soccersm Join Forces to Revolutionize AI-Powered Prediction Markets

ZUG, SWITZERLAND – 03/11/2024 – (SeaPRwire) – In a groundbreaking move aimed at reshaping decentralized finance and prediction markets, Lisk, a prominent Layer 2 blockchain with a focus on bringing Ethereum-based applications to emerging markets, has entered into a strategic partnership with Soccersm, an innovative AI-powered prediction market platform. This partnership marks a significant milestone, positioning Lisk as the first project within the Optimism Superchain to incorporate prediction markets on its blockchain, setting the stage for broader adoption and innovation.

A Pioneering Collaboration

This partnership signifies more than just an alliance; it is a concerted effort to blend advanced blockchain technology with cutting-edge AI-driven tools to create a robust, user-centric platform. By integrating Soccersm’s AI-assisted prediction capabilities, Lisk will further solidify its position as a leader in the Web 3.0 ecosystem, offering a unique combination of decentralized betting pools, pre-match predictions, and interactive casino-style games. This collaboration comes as part of a beta program, with a full-scale mainnet launch targeted for early Q1 2025.

Soccersm’s unique platform introduces “Challenge Pools,” a decentralized peer-to-peer (P2P) betting system that allows users to compete against each other based on the outcomes of a variety of events. By leveraging the power of AI, the platform’s “Prediction Agent” analyzes data and provides users with pre-match insights to guide their betting choices, creating a smarter, more informed wagering environment. Soccersm is already home to a robust user base of over 65,000 individuals, positioning itself as an influential player within the prediction market scene.

Strategic Deployment and Broader Implications

One of the most notable aspects of this partnership is its potential to disrupt traditional centralized betting models. The integration of Soccersm’s technology into Lisk’s Layer 2 framework aims to create a truly permissionless and decentralized environment. According to Dominic Schwenter, COO of Lisk, this strategic deployment is not just about innovation but about democratizing access to predictive financial tools. “The deployment of Soccersm is a significant step in our evolution,” Schwenter stated. “While other platforms have shown the appetite for prediction markets, Lisk will work with the Soccersm team to offer a fully decentralized, permissionless alternative. As a result, we will continue to build a community where users can create and trade prediction markets without relying on centralized intermediaries. I’m excited to see the diverse range of markets our users will establish, from sports outcomes to politics and economic indicators.”

The platform’s integration will also feature Soccersm’s range of engaging casino games, including the popular Balls Game, Wheel of Treasures, and Raffles, enriching user experience and providing varied entertainment options alongside prediction markets.

Lisk’s Role in Emerging Markets

Lisk’s dedication to facilitating Web 3.0 adoption in emerging economies underpins this partnership. By providing scalable, cost-efficient blockchain solutions through its Ethereum-aligned Layer 2 technology, Lisk enables real-world applications to thrive in regions that may face infrastructural or economic challenges. This focus is echoed by Baah Kusi, Co-Founder of Soccersm, who emphasized the importance of Lisk’s commitment to emerging markets. “We are choosing to deploy exclusively on Lisk because of the protocol’s commitment to building in emerging markets like Africa,” Kusi explained. “With Lisk, we have greater opportunities to grow and tap into a community eager for innovative prediction market solutions.”

The optimism surrounding this partnership aligns with Lisk’s broader mission to democratize blockchain technology for developers globally. Since its inception in 2016, Lisk has championed accessibility and inclusivity within the blockchain space. As an original member of the Optimism Superchain—a collective that includes notable entities such as Base, Mode, and Worldchain—Lisk is contributing to the creation of an interoperable, integrated supernetwork.

What This Means for Users and the Ecosystem

For users, this partnership opens new possibilities for both financial gain and community involvement. The AI-backed insights from Soccersm provide an edge in predicting outcomes across various fields, from cryptocurrency trends to sports matches, political elections, and even pop culture events. This level of diversification ensures that users can engage in prediction markets that resonate with their interests.

Furthermore, the no-intermediary nature of this collaboration empowers users to create and trade their markets. This unique approach eliminates the biases often found in centralized systems, ensuring a more equitable and transparent experience.

The partnership also promises to drive increased interest and activity within the Lisk ecosystem, adding to its volume and user engagement. As part of this, Soccersm’s fun, interactive games provide not only entertainment but also additional profit opportunities for participants.

Conclusion

This strategic partnership between Lisk and Soccersm is set to redefine how decentralized, AI-enhanced prediction markets operate, making blockchain technology more accessible and beneficial to users in emerging markets. With a beta launch already in motion and the mainnet launch scheduled for early 2025, both companies are poised to lead a new wave of blockchain innovation.

For more insights into this partnership, visit Lisk and Soccersm’s official platforms.

SOURCE: Lisk

by Arrow123

The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.

Sectors: Top Story, Corporate News

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source https://newsroom.seaprwire.com/technologies/lisk-and-soccersm-join-forces-to-revolutionize-ai-powered-prediction-markets/

11/02/2024

EMADATA Unveils $EMA Token to Transform the Decentralized Betting Market with Azuro Integration

VIENTIANE, LAOS – 02/11/2024 – (SeaPRwire) – In a pivotal development for blockchain-powered sports betting, EMADATA, the governance token of EMADAO, has announced the official launch of its highly anticipated token, $EMA, on November 1st. This launch is set to redefine user engagement in the world of decentralized bookmaker platforms, offering unparalleled access to enhanced functionalities, big data analytics, and a seamless betting experience.

Pioneering a New Chapter in Decentralized Betting

EMADATA’s journey into the blockchain betting market is not just another token launch; it marks an evolution in how digital betting ecosystems interact with users. At its core, EMADATA serves as a bridge between Web 3.0 technology and sports enthusiasts who seek more transparent, fair, and data-driven betting options. This is accomplished through EMADATA’s innovative alignment with the Azuro Protocol, a reputable platform that specializes in the dynamic prediction and management of betting odds for professional sports events. By tapping into Azuro’s robust data analysis and algorithmic capabilities, $EMA offers users the most precise insights and forecasts, elevating the betting landscape.

The company’s integration with Azuro brings a significant edge. It empowers users by combining decentralized prediction mechanics with advanced data-driven models. This ensures a transparent betting experience where odds are not solely dictated by traditional bookmakers but are rather influenced by a decentralized framework. “We are thrilled to push the boundaries of blockchain betting technology,” said a spokesperson from EMADAO. “Our commitment is to blend innovative Web 3.0 frameworks with proven sports data solutions to set a new standard in the industry.”

EMADATA and the Strategic Role of Technology

Bookmaker Ninja, a key aspect of EMADAO’s platform, leverages smart contract technology to operate independently of conventional licensing requirements, positioning it uniquely in the global market. The platform is constructed with a strategic focus on regions where betting enthusiasm is on the rise. Japan, with its deep-rooted affinity for competition and strategic games, is a primary target market as indicated by the platform’s thematic ‘ninja’ branding.

Through this integration, users gain access to a plethora of features powered by Ethereum Layer 2’s Arbitrum technology, known for its high scalability and minimal transaction fees. This decision aligns with EMADATA’s objective of delivering a seamless, efficient, and economically viable betting experience for all participants. Arbitrum’s infrastructure provides the reliability needed for real-time data transfers, essential for platforms that handle fluctuating sports data.

Details Surrounding the Token Launch

The launch of the $EMA token on Uniswap V3 occurs during a time of unprecedented growth in the global sports betting market, which has been accelerated by technological advancements and increasing demand for digital solutions. The key specifics for prospective investors and users are as follows:

Token Name: EMADATA
Symbol: $EMA
Total Supply: 777,000,000 EMA
Blockchain Network: Arbitrum One (Layer 2)
Decentralized Exchange (DEX): Uniswap V3
Transaction Tax: 0%

The zero-tax policy on transactions makes $EMA an attractive option for traders and users interested in high liquidity and active participation without hidden fees.

A Vision for the Future

EMADATA envisions itself as more than just a token. Its broader mission encompasses building a sustainable ecosystem where users can engage not only as bettors but as active stakeholders in a transparent, community-driven platform. The integration of AI and strategic partnerships with established blockchain entities, like Azuro, aims to cultivate an environment where innovation is at the forefront.

The EMADATA platform seeks to distinguish itself by ensuring a high level of user engagement and inclusivity. The decentralized bookmaker model emphasizes transparency, eliminating the potential biases associated with traditional betting companies. With these forward-thinking strategies, EMADATA intends to capture a substantial share of the ever-growing decentralized prediction market.

For those eager to delve deeper into the ecosystem, more information is available on their official website, https://emadata.io. Community interaction is highly encouraged, with EMADATA actively maintaining a presence on social media channels such as X and Telegram, fostering dialogue and updates for enthusiasts and stakeholders.

SOURCE: EMADATA

by Arrow123

The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.

Sectors: Top Story, Corporate News

source https://newsroom.seaprwire.com/technologies/emadata-unveils-ema-token-to-transform-the-decentralized-betting-market-with-azuro-integration/

11/01/2024

Addressing MEV Challenges on Ethereum: ZENMEV’s Strategic Approach to Maximizing User Asset Protection and Value

LONDON, UK – 01/11/2024 – (SeaPRwire) – In the fast-evolving blockchain ecosystem, as decentralized finance (DeFi) continues to reshape financial services, an increasingly critical concern has emerged: Maximum Extractable Value (MEV). MEV, which primarily affects smart contract platforms like Ethereum, represents a complex web of transaction manipulation opportunities within each block that can significantly impact the value users receive from their transactions. The intricate mechanics of MEV allow block producers to reorder, insert, or even censor transactions within each block, creating profit-making strategies that can lead to unexpected costs for users. In 2024 alone, over $700 million in MEV value has reportedly been extracted from Ethereum transactions, underscoring the extent of this issue and its direct impact on the DeFi community.

Understanding MEV: An Invisible Fee on the Blockchain

MEV is a critical area within blockchain transactions, where validators (previously miners) have the potential to adjust the order of transactions to their advantage, creating opportunities for revenue that can be likened to an “invisible tax” on the network. This can increase transaction costs, contribute to network congestion, and, crucially, decrease user trust in the promise of decentralized finance. While Ethereum’s transition from Proof of Work (PoW) to Proof of Stake (PoS) has enabled a more environmentally friendly and scalable network, it has also introduced new complexities in how MEV functions. Validators, rather than miners, now control transaction order adjustments, meaning that MEV activity has shifted in both scope and scale.

As the industry adjusts to this paradigm, ZENMEV has emerged with strategies that aim not only to mitigate the downsides of MEV but also to turn this often-hidden aspect of blockchain operation into a user-centered opportunity. ZENMEV’s core approach focuses on transparency, asset protection, and MEV redistribution, introducing mechanisms that allow users to reclaim a portion of MEV-generated profits in a structured and secure environment. Their model marks a pivotal shift, aiming to redefine MEV’s role within Ethereum and provide a positive impact within the DeFi ecosystem.

The Mechanisms of MEV: From Front-Running to Back-Running

MEV activities commonly take several forms, each involving the strategic ordering of transactions to extract value at the user’s expense. ZENMEV identifies the primary methods of MEV activities, helping users better understand and navigate these potential costs:

Front-Running: This involves placing a transaction immediately before another user’s transaction to influence pricing, particularly within decentralized exchanges (DEXs). Bots often pay higher fees to push their transactions ahead of targeted trades, causing unexpected price changes for other participants.
Sandwich Attacks: In a sandwich attack, a transaction is placed both before and after a target transaction, effectively enclosing it. This technique allows attackers to manipulate prices to secure additional profit, often without the knowledge of the target user.
Back-Running: This occurs when a transaction is placed immediately after a particular trade, often when a new token pair is listed on a DEX. Back-running enables attackers to capitalize on specific market events, such as price volatility following a high-profile listing.

These MEV strategies are not isolated incidents but widespread techniques across the Ethereum network, drawing significant revenue away from everyday users. Through these mechanisms, the cumulative effect of MEV translates into higher costs and lower returns for participants.

ZENMEV’s Response: Building User-Centric MEV Solutions

Recognizing MEV’s implications on user experience and trust within the blockchain ecosystem, ZENMEV has developed a suite of tools and initiatives focused on asset protection and fair profit-sharing. Central to this strategy is the Zenbots staking system—a model that enables users to stake their assets and receive a portion of redistributed MEV profits, effectively transforming MEV’s adverse effects into a user benefit. ZENMEV’s Zenbots allow users to participate actively in MEV redistribution, creating a balanced approach that aligns with the principles of decentralization while delivering financial returns to its community.

The Zenbots staking system is designed to foster user engagement in MEV activities in a structured and transparent manner, helping users generate profit from MEV without the technical expertise or resources typically required. With an accessible, education-driven approach, ZENMEV is pioneering ways to demystify MEV and integrate users into an ecosystem where they can participate in MEV profit-sharing, rather than merely bearing the costs of these practices.

MEV in a PoS Era: ZENMEV’s Strategic Innovations

The Ethereum network’s shift to Proof of Stake has redefined the MEV landscape. Unlike the previous Proof of Work model, where miners had control over transaction ordering, PoS entrusts this function to validators. The PoS transition enhances scalability and lowers the environmental footprint of the network, but it also demands new frameworks for MEV management. In this evolving PoS environment, ZENMEV has adapted its strategies to ensure that users remain at the center of these structural changes.

A significant element of ZENMEV’s strategy is its commitment to PBS (Proposer/Builder Separation) research, an approach designed to separate the roles of transaction proposers and builders, thereby increasing efficiency and fairness in how MEV activities are managed. ZENMEV’s ongoing research into PBS aims to create an ecosystem where MEV value is distributed in a way that minimizes exploitation while optimizing the profit-sharing mechanism for stakers.

Future Directions: ZENMEV’s Commitment to a Transparent and Inclusive MEV Model

Looking ahead, ZENMEV envisions an MEV landscape where transparency, fairness, and user protection are paramount. Through continued innovation, ZENMEV is developing solutions to address both the challenges and opportunities of MEV in the DeFi space. By integrating MEV into a user-focused framework, ZENMEV enables participants to benefit from MEV-related revenues without compromising their trust or assets.

ZENMEV’s unique approach offers a stable and secure platform for DeFi enthusiasts and seasoned traders alike, seeking to transform the MEV challenge into an opportunity for community empowerment. As the DeFi market continues to grow, ZENMEV’s efforts to address MEV challenges represent a forward-thinking commitment to asset security, transparency, and profitability for all Ethereum users.

About ZENMEV

ZENMEV is an innovative platform at the forefront of MEV management and user protection within the DeFi ecosystem. Focused on transparency, education, and fair profit redistribution, ZENMEV provides a secure and inclusive environment for users to engage with MEV profit-sharing through its Zenbots staking system. By pioneering research on PoS frameworks and PBS structures, ZENMEV is dedicated to fostering an MEV landscape that enhances user trust and asset safety across Ethereum and beyond.

SOURCE: ZENMEV

by Arrow123

The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.

Sectors: Top Story, Corporate News

source https://newsroom.seaprwire.com/technologies/addressing-mev-challenges-on-ethereum-zenmevs-strategic-approach-to-maximizing-user-asset-protection-and-value/

10/31/2024

Skyrexio Introduces Next-Gen Automation Tools for Crypto Traders, Setting New Standards in Fair and Accessible Trading

DUBAI, UAE – 31/10/2024 – (SeaPRwire) – Skyrexio, a frontrunner in the world of automated crypto trading, is making waves with the launch of its cutting-edge Alert Bots and Copy Bots—features developed to simplify the increasingly complex arena of trading strategy automation. Operating as an official broker for high-profile exchanges such as Binance, Bybit, and OKX, Skyrexio is uniquely positioned to help traders streamline and optimize their trading experience. The platform’s new tools, combined with an innovative High-Water Mark profit-sharing model, make Skyrexio a compelling option for traders seeking both ease and fairness.

The expansion of Skyrexio’s offerings signifies more than just new features; it represents a commitment to demystifying crypto trading for a diverse audience, from beginners eager to explore automated trading to seasoned traders searching for sophisticated yet accessible tools. The company’s latest offerings underscore its core philosophy: automation should empower, not hinder, traders. This principle is evident in Skyrexio’s High-Water Mark model, which ensures that users are only charged based on realized gains, offering a level of transparency and user-first thinking that is rare in the industry.

Addressing Core Issues in Automated Trading

Automated trading is often seen as the frontier of modern finance, but it comes with notable challenges, particularly in the fast-evolving cryptocurrency market. Complexity is a chief obstacle: automated systems can be daunting due to technical demands and compatibility issues across platforms. Skyrexio aims to reduce these challenges by providing an intuitive, cross-exchange system that works seamlessly with Binance, Bybit, Crypto.com, OKX, and Gate.io. Now, with Skyrexio’s tools, traders can execute strategies with confidence, without grappling with technical hurdles.

“By offering simple yet powerful solutions, we want to bring more traders into the fold of automation,” explains Dmitrii Efremov, Co-Founder of Skyrexio. “With Alert Bots, traders can turn strategies from concepts into trades in real time, making automation straightforward and removing the technical bottlenecks that often prevent users from fully exploring this approach to trading.”

Introducing New Tools for a Smarter Trading Experience

The recent toolset unveiled by Skyrexio is tailored to deliver a smoother, more collaborative, and efficient trading process. The platform’s Alert Bots, Smart Terminal, and Copy Bots work in tandem to enable traders to execute automated strategies in a user-friendly environment.

Alert Bots: This tool empowers traders to turn any alert from TradingView, or other custom signals, directly into live trades on major exchanges without requiring any coding knowledge. Whether the alert signals a market opportunity or a risk, traders can now automate responses instantly, making it easier to transition from manual to automated trading.
Smart Terminal: Skyrexio’s Smart Terminal is a highly intuitive dashboard designed to streamline the setup and management of sophisticated trading strategies. With features like multi-layered take-profit targets and real-time trade monitoring, traders can structure and adjust their strategies with ease. This centralized interface ensures that even the most intricate trades can be managed effectively.
Copy Bots with High-Water Mark Profit Model: Skyrexio’s Copy Bots Marketplace offers users access to the strategies of professional traders. Using the High-Water Mark profit model, Skyrexio allows traders to copy successful trading strategies without upfront fees; users only pay for these services when they see real profits, offering unprecedented fairness.

What Sets Skyrexio Apart

Skyrexio’s platform not only enhances trading automation but also provides solutions that prioritize user experience and asset security. Key features that differentiate Skyrexio include:

Instant Automation: With one-click transformations of TradingView alerts into real trades, Skyrexio helps traders respond to market movements without delay.
Performance-Based Profit Sharing: The High-Water Mark model is a stand-out feature, offering a pay-for-performance structure that is both fair and transparent, with no hidden charges.
Zero Upfront Costs: Traders can initiate and refine strategies without needing to invest upfront, which removes a significant barrier to entry for automated trading.
Non-Custodial Structure: Unlike custodial platforms, Skyrexio allows users to retain full control over their funds, which remains in their designated wallets. This non-custodial approach enhances security and reassures users about the safety of their investments.

Skyrexio’s Vision: A Comprehensive Ecosystem for Automated Trading

Skyrexio’s advanced ecosystem is built on the idea that technology should make trading more accessible and less cumbersome. By providing tools that lower entry barriers, the platform enables traders at all experience levels to engage with automated trading in a way that aligns with their goals and comfort levels.

“Skyrexio is much more than a set of tools; it’s a platform that’s designed to empower traders at every stage of their journey,” said Pavel Podoprigorin, CEO of Skyrexio. “We are building an environment where the needs of our users guide our development. Our mission is to make automated trading efficient, transparent, and accessible for everyone.”

Skyrexio continues to push the boundaries of what’s possible in crypto trading, with a user-focused approach that is both refreshing and effective. The company’s commitment to transparency, ease of use, and safety is evident in every aspect of its design, making it an attractive choice for anyone looking to take their trading to the next level.

About Skyrexio

Skyrexio is a non-custodial, innovative crypto trading platform committed to delivering transparent and user-centric solutions. As an official broker for exchanges including Binance, Bybit, OKX, and more, Skyrexio supports traders in automating their strategies with tools like the High-Water Mark Copy Bots, dynamic Alert Bots, and a powerful Smart Terminal. The platform’s user-first ethos continues to set it apart in the rapidly evolving crypto space.

SOURCE: Skyrexio

by Arrow123

The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.

Sectors: Top Story, Corporate News

source https://newsroom.seaprwire.com/technologies/skyrexio-introduces-next-gen-automation-tools-for-crypto-traders-setting-new-standards-in-fair-and-accessible-trading/

10/30/2024

Pioneering the Future of On-Chain Data: Stork and Kalshi Forge New Ground with Decentralized Prediction Markets

NEW YORK, NY – 30/10/2024 – (SeaPRwire) – In a landmark collaboration that could redefine the data landscape in decentralized finance and beyond, Stork—a leading provider of decentralized, on-chain data solutions—has joined forces with Kalshi, the largest CFTC-regulated exchange focused on future event outcomes. This strategic alliance will see Kalshi’s high-quality, regulated prediction market data integrated into Stork’s Open Data Market, allowing developers and applications across blockchain ecosystems unprecedented access to reliable data insights.

Through this partnership, Stork’s Open Data Market is set to revolutionize how data is accessed, shared, and utilized on-chain. Kalshi will serve as a first-party data provider within this market, managing a publisher agent that grants any decentralized application (dApp) the ability to access verified, regulation-compliant data for use on any blockchain. This enhanced data accessibility aims to empower a new wave of developers, entrepreneurs, and innovators, making it possible to build the next generation of dApps that leverage predictive insights to deliver impactful user experiences.

Stork’s Open Data Market, which launched earlier this year, has been designed with the explicit mission of democratizing data in the blockchain space. Built upon Stork’s flexible and highly customizable infrastructure, the platform offers developers the ability to access or integrate any data on any chain seamlessly. The introduction of Kalshi’s prediction market data marks a significant expansion of the Open Data Market’s offerings, supporting decentralized innovation with timely, high-accuracy insights from one of the world’s most respected prediction markets.

Prediction markets, especially during critical periods like election seasons, offer crucial insights into public opinion and emerging trends, which developers can use to create applications with deeper analytical power and user engagement. According to Meredith Pitkoff, the founder of Stork Labs, the partnership with Kalshi represents an opportunity to deliver robust and transparent prediction data directly to the hands of developers, supporting their efforts to build transformative, data-driven applications. “Election season is an exciting time for prediction markets,” Pitkoff noted. “With Kalshi, we’re able to provide developers with data that is both transparent and trustworthy, helping them to innovate with confidence and insight in a rapidly evolving space.”

Kalshi’s involvement as a regulated, first-party data provider means that developers within Stork’s Open Data Market will gain access to premium data that is carefully curated and free from manipulation. As a trusted source of prediction data, Kalshi brings a level of transparency and reliability that is essential in today’s decentralized ecosystem, where the quality and integrity of data are paramount. This partnership allows developers to either receive Kalshi’s data directly or to build their own Composite Oracle Services (COS), which can be tailored to their specific requirements. COSs provide developers with the flexibility to customize the data’s sourcing, validation, and redundancy protocols to meet diverse application needs, enhancing both innovation and data integrity in the decentralized space.

The increasing fragmentation of today’s media landscape has led to a growing reliance on prediction markets as a credible source of truth. Prediction data, especially from reputable sources like Kalshi, is viewed as a reliable means to understand market sentiment and anticipate public outcomes. By integrating this data through Stork’s low-latency, on-chain protocol, developers gain instant access to unbiased information—a valuable asset in today’s rapidly evolving world. The partnership embodies Stork’s mission to ensure that data is not an obstacle to innovation but rather a driver of new possibilities on-chain, fueling diverse applications and experiences across all blockchain ecosystems.

Furthermore, Stork’s Open Data Market is designed to foster a dynamic, open ecosystem where data publishers and developers can interact freely and benefit mutually from streamlined data exchanges. By cultivating a vibrant publisher network and pioneering new COS capabilities, Stork’s Open Data Market is expanding rapidly, welcoming innovators across industries who are eager to contribute to and benefit from this decentralized data marketplace.

Kalshi’s contributions also come at a pivotal time in its growth trajectory, as the platform’s volume has surged past $70 million within three weeks following its successful challenge to the U.S. Commodity Futures Trading Commission (CFTC) on election trading bans. This growth, coupled with partnerships with major players like Susquehanna as market makers, has reinforced Kalshi’s position as the premier prediction market in the United States, especially for data surrounding American elections. Kalshi’s data, already a gold standard in the industry, will provide developers in the Open Data Market with unmatched insight into trends and sentiment, establishing new benchmarks in data transparency and trust.

As the demand for decentralized data solutions grows, Stork and Kalshi’s collaboration highlights a forward-thinking approach that enables seamless access to actionable, reliable data. This strategic alliance is expected to shape the future of on-chain applications by giving developers the data resources they need to build platforms that are not only innovative but also backed by credible, real-world insights.

For those interested in following Stork’s journey and the evolution of decentralized data, Stork encourages users to join the community on Twitter/X and stay informed on new developments, innovations, and opportunities. The partnership between Stork and Kalshi is a vital step in transforming data accessibility for decentralized applications, setting a new standard for how data-driven solutions are created in the web3 ecosystem.

About Stork

Stork stands at the forefront of decentralized data provisioning, offering tailored solutions to meet the needs of protocols across the blockchain space. Led by web3 pioneers, Stork developed “Stork for Real Time,” a widely used pricing solution that supports over 2,000 assets and has processed more than $300 billion in transaction value. Stork’s Open Data Market is designed to create free market dynamics between data publishers and developers, removing barriers to data access while promoting transparent interactions. Stork’s mission is built on making data affordable, customizable, and accessible for a wide range of market participants.

About Kalshi

Kalshi, the largest regulated prediction market in America, has emerged as a leader in transparent and trustworthy event-based trading. Known for its instrumental role in overturning the U.S. ban on election trading, Kalshi has seen tremendous growth, reaching $70 million in transaction volume within weeks and attracting leading institutional partners like Susquehanna as market makers. Kalshi’s platform, focused on transparency and trust, provides some of the most accurate and manipulation-free data on American elections, reinforcing its status as a reliable and credible source of prediction data for decentralized applications.

SOURCE: Stork Labs Inc.

by Arrow123

The article is provided by a third-party content provider. SeaPRwire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith.

Sectors: Top Story, Corporate News

source https://newsroom.seaprwire.com/technologies/pioneering-the-future-of-on-chain-data-stork-and-kalshi-forge-new-ground-with-decentralized-prediction-markets/

10/29/2024

SwissHolding.com Reinvents Financial Accessibility with User-Friendly Finance Platform

ZÜRICH, SWITZERLAND – 29/10/2024 – (SeaPRwire) – SwissHolding.com has emerged as a prominent figure in the financial technology landscape, unveiling a platform designed not only to simplify finance but also to make it accessible for a broad audience. This ambitious offering from SwissHolding.com is positioned as a resource for individuals seeking a finance solution that combines transparency, user empowerment, and security. In a complex financial world, SwissHolding.com introduces a different approach—aimed at demystifying financial management and bringing more people into the fold with a straightforward, intuitive platform. This launch underscores SwissHolding.com’s mission to make finance approachable for individuals of all experience levels, acknowledging that financial literacy and confidence are key to effective decision-making.

The platform’s user-centric design plays a pivotal role in its appeal. Built with simplicity at its core, SwissHolding.com strives to deliver a smooth and clutter-free experience, removing unnecessary hurdles that often deter individuals from taking an active role in their financial future. With a clean, accessible design, the platform ensures that users can find relevant information effortlessly, minimizing the complexity that is sometimes associated with financial services. By prioritizing clarity and ease of navigation, SwissHolding.com encourages users to confidently explore their financial options without feeling inundated with complicated terminology or interfaces.

User education is a cornerstone of SwissHolding.com’s approach. The platform provides a comprehensive suite of educational resources, from beginner guides to deeper insights, to foster a better understanding of essential financial concepts. SwissHolding.com’s commitment to empowering users is evident in its readily available resources, which are tailored to simplify complex topics and provide users with a clearer picture of financial processes. This educational aspect not only helps users understand their options but also equips them with the knowledge they need to make decisions that align with their financial goals. By breaking down barriers to understanding, SwissHolding.com addresses one of the main challenges faced by individuals entering the financial landscape.

Security remains paramount for SwissHolding.com. Recognizing the sensitive nature of financial information, the platform has integrated robust security measures to ensure user data is protected. According to recent reviews, SwissHolding.com users report high levels of confidence in the platform’s dedication to safeguarding their information. The commitment to security is woven into every aspect of the platform, making it a priority that customers appreciate and trust. SwissHolding.com’s approach reassures users that they can manage their finances in a secure environment, allowing them to focus on their financial growth without concerns over data privacy.

Customer support is another vital component of SwissHolding.com’s offerings. The platform is built with multiple support channels, providing users with quick, reliable access to assistance when needed. The responsiveness of the SwissHolding.com team is frequently praised by users, with many noting that the company’s support system significantly enhances their experience. By prioritizing customer support, SwissHolding.com has created a welcoming environment where users can feel confident that their needs and concerns will be addressed swiftly. This approach ensures that users not only feel valued but also that their financial journey is supported at every step.

SwissHolding.com’s commitment to continuous improvement is another highlight of its service model. The platform actively seeks feedback from users, viewing input as an essential factor in its ongoing development. By listening to users, SwissHolding.com remains agile and responsive to the evolving needs of its audience, a strategy that helps to maintain relevance in a constantly changing financial environment. This openness to feedback fosters trust, showing users that SwissHolding.com values their experiences and is prepared to adapt based on their input. Such an approach not only builds rapport but also ensures the platform remains aligned with user expectations.

SwissHolding.com has positioned itself as a platform that seeks to empower individuals by promoting transparency, education, security, and responsive support. By reducing complexity and placing users at the heart of its operations, SwissHolding.com enables individuals to navigate their finances with greater ease and confidence. This platform stands out as a modern financial solution dedicated to helping users make well-informed decisions within a secure and supportive environment. As the financial world continues to evolve, SwissHolding.com’s commitment to these principles promises to keep it at the forefront of accessible and user-focused financial technology.

SOURCE: SwissHolding

by Arrow123

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10/28/2024

KeyNode Leads the Way in Ethereum Staking for Institutional Investors

NEW YORK CITY, NY – 28/10/2024 – (SeaPRwire) – KeyNode, a renowned leader in cryptocurrency staking, is expanding its suite of Ethereum staking services, addressing the rapidly growing demand for staking options among institutional investors. With Ethereum staking cementing its place as a fundamental strategy in institutional portfolios, KeyNode’s latest offerings focus on combining security, flexibility, and high yield. These developments align with the findings of a recent Blockworks Research report, which revealed that 70% of institutional Ethereum holders stake their holdings, with over half opting for liquid staking tokens (LSTs) to retain liquidity while maximizing their returns.

Ethereum staking has evolved beyond a simple investment tool and is now a key strategy for institutions looking to generate returns while participating in Ethereum’s network development. The Blockworks report indicates that staking has become essential, with many institutions relying on liquid staking tokens for flexibility. This has led KeyNode to create a comprehensive Ethereum staking platform that prioritizes security, scalability, liquidity, and user-friendliness, setting a new standard in the crypto-staking landscape.

Meeting Institutional Expectations: Why KeyNode Leads the Ethereum Staking Market

With Ethereum staking attracting a wide array of institutional investors, KeyNode has positioned itself as a one-stop solution, meticulously addressing investor concerns such as security, liquidity, ease of use, and scalability. KeyNode aims to capture a significant portion of the Ethereum staking market by offering a variety of staking plans, liquid staking options, and top-tier security features that meet institutional standards.

Security First: Safeguarding Assets with Advanced Protocols

Security remains a non-negotiable priority for institutions in the crypto space, with the Blockworks report highlighting that 61.1% of institutional investors are willing to pay a premium for enhanced asset protection. KeyNode addresses this by partnering with licensed operators who adhere to stringent industry protocols. The platform’s secure infrastructure includes multi-signature wallets and cold storage solutions that protect staked funds and provide confidence to investors even during periods of market volatility. KeyNode’s focus on security aims to give investors the peace of mind they need to stake with confidence.

Flexible Staking Solutions Tailored for Diverse Investor Needs

Recognizing that each investor has unique goals, KeyNode offers a range of staking plans tailored to various risk appetites and investment horizons. From short lock-up periods to flexible staking arrangements designed for long-term yield, KeyNode’s offerings are tailored for both retail investors and institutions. This level of flexibility allows investors to adjust their staking strategies in response to market conditions, maximizing returns while maintaining control over their assets.

Streamlined User Experience and Onboarding

In the cryptocurrency world, user experience can be a deciding factor for investors, and the Blockworks report underscores this importance, particularly with institutions. KeyNode has prioritized a seamless user interface, ensuring that staking Ethereum is intuitive and accessible to all users. The platform provides straightforward tools, clear step-by-step guides, and round-the-clock customer support, allowing investors to configure their staking strategies without requiring extensive technical knowledge. With 24/7 customer support, KeyNode ensures that investors can obtain professional guidance whenever they need it.

Embracing Liquid Staking: Enhancing Flexibility and Earnings

Liquid staking has emerged as a game-changer for Ethereum investors, especially institutions needing fast access to their assets. KeyNode offers robust liquid staking solutions that allow users to earn staking rewards while retaining liquidity via liquid staking tokens. This feature appeals to investors who wish to engage in DeFi protocols, trade assets, and optimize returns without forgoing their network participation. According to the Blockworks report, 52.6% of institutional investors have already integrated liquid staking into their Ethereum investment strategies, making KeyNode’s LST offerings timely and relevant.

Exploring Restaking Opportunities for Enhanced Yield

Restaking has emerged as a new staking trend, allowing validators to leverage their staked Ethereum across multiple protocols simultaneously, thus increasing potential yields. Although restaking introduces certain risks, such as slashing penalties for malicious activity, it has piqued institutional interest, with 55.9% of investors expressing interest in restaking opportunities. KeyNode is closely monitoring the development of restaking technology and is exploring safe ways to integrate restaking options into its platform. By doing so, KeyNode aims to provide investors with additional earning opportunities while prioritizing their security.

KeyNode: A Comprehensive Ethereum Staking Solution

As Ethereum continues to play a prominent role in institutional portfolios, KeyNode has emerged as an essential platform for institutions seeking comprehensive staking solutions. The Blockworks report revealed that one in five institutional investors holds over 60% of their portfolios in Ethereum or Ethereum-based liquid staking tokens, emphasizing the importance of Ethereum in institutional strategies. KeyNode’s commitment to security, flexibility, and user experience makes it a prime choice for both institutional and retail investors.

Whether through liquid staking, flexible staking plans, or emerging restaking opportunities, KeyNode’s platform provides investors with the tools they need to grow their assets while supporting the Ethereum network’s long-term success.

About KeyNode

KeyNode is a premier cryptocurrency staking platform dedicated to delivering a wide array of secure, flexible, and user-friendly staking options for retail and institutional investors. With a focus on optimizing staking strategies, KeyNode empowers users to maximize their returns in the rapidly evolving cryptocurrency space. Its Ethereum staking services are designed to offer high-yield, secure solutions backed by 24/7 customer support, ensuring an efficient and rewarding staking experience.

SOURCE: KEYNODE

by Arrow123

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10/27/2024

$BORK: Transforming Digital Finance with Art-Inspired Innovation and Community-Driven Growth

DUBAI, UAE – 27/10/2024 – (SeaPRwire) – In a financial landscape ever-hungry for innovation, the launch of $BORK heralds a fresh chapter where creativity and digital currency intersect. This new token, inspired by the distinctive artistry of Matt Furie and iconic characters like Pepe, Brett, and Landwolf, positions itself as a unique player in cryptocurrency. Beyond a mere digital currency, $BORK seeks to set new standards in financial ecosystems by blending the worlds of art, technology, and inclusive community values into a single platform. Through this pioneering approach, $BORK promises to offer not only a secure and transparent digital currency but also a lively, community-centered environment, fueling a collective vision of creativity in the financial realm.

Built on Ethereum’s robust blockchain, $BORK leverages decentralized finance to create a highly secure and accessible system, with transparency at its core. Unlike many tokens that focus on transient popularity, $BORK maintains a genuine commitment to its users by fostering an environment rooted in creativity, art, and collaborative decision-making. By integrating decentralized governance, $BORK ensures that its growth reflects the voices and aspirations of its community members, forming an ecosystem that adapts and evolves according to their needs.

One of the defining aspects of $BORK is its reliance on Furie’s beloved characters, which lend the cryptocurrency an aesthetic and cultural uniqueness rarely seen in digital finance. As a creative symbol, $BORK embodies the wit, humor, and free-spirited creativity characteristic of Furie’s works, inviting artists, enthusiasts, and investors alike to engage with its distinct identity. This influence reaches beyond a thematic choice and into the governance model itself. Through community-driven initiatives, holders have a direct role in shaping $BORK’s future, an approach that sets it apart from many mainstream tokens.

The unique ecosystem of $BORK is rooted in five foundational pillars. The first, ‘Artistic Inspiration,’ reflects its visual identity derived from Matt Furie’s iconic characters, lending it an engaging and playful quality that resonates with a diverse user base. The second, ‘Decentralized Ecosystem,’ underscores $BORK’s commitment to a governance model that genuinely reflects community input. Unlike conventional tokens that centralize decision-making, $BORK democratizes its ecosystem, empowering its users to drive the token’s direction and overall growth.

Third, the Ethereum-based blockchain underpins $BORK’s emphasis on security and transparency. Utilizing Ethereum’s established and sophisticated blockchain infrastructure, $BORK ensures every transaction is transparent, safeguarded by smart contract functionality that guarantees trust and reliability. Community engagement forms the fourth pillar of $BORK, where active participation is encouraged through incentivized contests, collaborative projects, and open initiatives. This vibrant engagement model helps cultivate a lively ecosystem where ideas flow freely, encouraging creativity and innovation.

Finally, $BORK prioritizes creative expression within its community, promoting not only visual art but also music, literature, and other forms of creative output. In a space where inclusivity and diversity are foundational values, $BORK extends beyond the boundaries of typical cryptocurrency projects to form a platform for all creative voices. These efforts are further reinforced by initiatives encouraging artistic exploration, ensuring that $BORK appeals to a wide range of individuals seeking a meaningful and interactive digital currency experience.

Reflecting on the growing appeal of decentralized and community-centered tokens, the $BORK project taps into a larger trend within the cryptocurrency industry. As markets shift toward projects that emphasize organic growth, transparency, and genuine community involvement, $BORK stands as a refreshing alternative to traditional, hype-driven currencies. It addresses a crucial gap by blending creativity and inclusivity with secure financial technology, giving its users both value and a space to co-create and connect.

$BORK’s journey is not merely a transactional one; it embodies a movement aimed at redefining how digital currency integrates into daily lives. The platform’s community initiatives prioritize sustainability and empowerment, striving to prevent artificial inflation while encouraging organic development. By anchoring its trajectory on principles of transparency and collaboration, $BORK’s vision is designed for longevity, building an agile framework responsive to the needs of a rapidly evolving community.

For users and stakeholders alike, $BORK offers an ecosystem that thrives on unpredictability and ingenuity, yet remains grounded in the fundamental principles of decentralized governance. Whether through artistic collaborations, competitive challenges, or community-led proposals, $BORK’s environment fosters a cooperative ethos where every participant can contribute to its development. This engagement model not only invigorates its platform but also sets $BORK apart as a uniquely resilient digital asset.

In a market saturated with similar tokens, $BORK stands out for its emphasis on cultural resonance and its efforts to foster a welcoming, community-driven experience. By staying true to its artistic roots and championing the value of its users’ input, $BORK showcases a cryptocurrency model where innovation and inclusivity converge. As it continues to expand, $BORK invites everyone to join in a movement that reimagines digital finance, ensuring that cryptocurrency’s future remains as dynamic, engaging, and inclusive as its growing community envisions.

SOURCE: Bork

by Arrow123

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source https://newsroom.seaprwire.com/technologies/bork-transforming-digital-finance-with-art-inspired-innovation-and-community-driven-growth/

10/26/2024

Dubai Financial Centre Sets New Milestone with the 2nd Future Sustainability Forum to Advance Global Climate Goals

DUBAI, UAE – 26/10/2024 – (SeaPRwire) – In December 2024, Dubai is set to play host to a landmark event in the world of sustainable finance, the Future Sustainability Forum. Now in its second edition, the Forum is spearheaded by the Dubai International Financial Centre (DIFC), the Middle East, Africa, and South Asia’s (MEASA) primary financial hub. Taking place at Madinat Jumeirah in Dubai on December 4-5, the event will gather over 3,000 participants from various sectors, including government officials, policymakers, business leaders, and innovators, to address critical challenges in sustainable finance and chart pathways for economic resilience and social equity on a global scale.

A centerpiece of DIFC’s sustainability initiatives, the Forum’s goal is to amplify sustainable practices, mobilize investment, and foster meaningful dialogue on global environmental and social issues. This effort is aligned with the UAE’s national priorities and the United Nations Sustainable Development Goals (SDGs). Notably, the Forum arrives in a pivotal moment, marking the one-year anniversary of the UAE’s hosting of COP28, and highlights DIFC’s focus on climate action by catalyzing finance flows from Dubai to reach over $100 billion by 2030 through its Sustainable Finance Catalyst. The event is designed to deepen collaborations across industries and nations, channeling capital towards projects that target net-zero goals, renewable energy advancements, waste management solutions, and beyond.

Alya Al Zarouni, Chief Operating Officer of DIFC Authority and Co-Chair of the Dubai Sustainable Finance Working Group, remarked on the importance of this gathering, stating, “The Future Sustainability Forum offers a critical platform for forward-thinking discussions and collaboration, enabling us to address some of the world’s most urgent environmental and social challenges. Through this effort, DIFC is leading by example, demonstrating our commitment to fostering economic growth that is inclusive and resilient, one that reflects our dedication to sustainability within the financial services sector and beyond.”

The Commercial Bank of Dubai (CBD), a prominent institution in the UAE’s banking sector, is the presenting sponsor of the Forum. CBD’s Chief Executive Officer, Dr. Bernd van Linder, emphasized the bank’s alignment with Dubai’s sustainability vision, underscoring their support through pioneering green finance initiatives. Dr. van Linder shared, “Our commitment to sustainability goes beyond participation; it’s embedded in our strategy, as shown by our recent issuance of a green bond, a tangible step towards supporting the UAE’s sustainability targets.”

Structured around eight thematic pillars, the Forum will delve into sustainability challenges and opportunities across banking and finance, construction, renewable and future energy, transportation and mobility, manufacturing and production, recycling and waste management, sustainable technology, and agriculture and food production. These pillars are aligned with critical industry-specific sustainability issues, from the decarbonization of transport systems to innovative recycling technologies, underscoring the broad spectrum of sectors that must unite in the quest for a sustainable future.

Beyond panel discussions, the event will also feature the Climate Action & Renewable Energy Expo (CARE), where companies, researchers, and organizations will showcase cutting-edge solutions aimed at addressing climate change. This exhibition provides a dynamic platform for global innovators to display sustainable technologies and energy solutions that can help shape the future of environmental action across the globe.

The UAE’s approach to a sustainable future, underscored by policies like the Dubai Clean Energy Strategy 2050, the UAE Net Zero 2050 strategic initiative, and the UAE Vision 2070, reflects the nation’s commitment to creating a carbon-neutral economy. These frameworks emphasize renewable energy, water conservation, waste management, and sustainable urban development. The Future Sustainability Forum serves as an essential touchstone for these initiatives, galvanizing stakeholders from both the private and public sectors to contribute to a future where economic growth and environmental stewardship go hand in hand.

To learn more about the event or to register, interested individuals and organizations can visit the Future Sustainability Forum website.

About Dubai International Financial Centre

DIFC stands as a significant financial hub within the MEASA region, covering over 77 countries with a collective population of around 3.7 billion people and an estimated GDP of USD 10.5 trillion. In its two-decade-long journey, DIFC has fostered an ecosystem that enables trade and investment across Asia, Europe, the Americas, and the MEASA region, facilitating a global flow of capital.

At the core of DIFC’s success lies a robust regulatory framework and a judicial system modeled on English common law. Housing over 6,150 registered firms and a talent pool of 43,800 industry professionals, DIFC is the largest and most diverse financial ecosystem in the region, which contributes to its enduring status as a premier destination for financial services and innovation.

With an emphasis on pioneering financial technology, DIFC continues to expand its offerings in venture capital and FinTech support. The Centre’s mission is to drive the future of finance through innovation, partnerships, and world-class business infrastructure, positioning itself as a critical enabler for start-ups and growth-stage companies in the region. DIFC is also a prominent lifestyle destination, featuring world-renowned retail and dining venues, a vibrant arts scene, and diverse residential and hospitality options that complement its unique business environment.

SOURCE: Trescon Global

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source https://newsroom.seaprwire.com/consumer-related/dubai-financial-centre-sets-new-milestone-with-the-2nd-future-sustainability-forum-to-advance-global-climate-goals/

10/25/2024

Bridging Web2 and Web3: .WS Domains Now Offer Seamless Blockchain Integration

ZURICH, SWITZERLAND – 25/10/2024 – (SeaPRwire) – The digital world is on the verge of a new era, where the boundaries between Web2 and Web3 are being blurred, thanks to a groundbreaking partnership between Global Domains International (GDI), the registry operator for the .WS domain, and WebUnited. This collaboration introduces a unique offering that allows .WS domain owners to mirror their domain onto blockchain networks without sacrificing their established Web2 presence. As digital landscapes rapidly evolve, this dual functionality provides businesses, entrepreneurs, and individuals with an opportunity to future-proof their digital assets in a seamless and efficient way.

Historically, domain ownership was confined to the traditional Web2 framework—a system with stability but lacking the decentralized, secure, and tokenized features that blockchain technologies promise. However, the rise of Web3 represents a shift toward decentralized control, transparency, and enhanced security. Through WebUnited’s domain mirroring technology, .WS domain holders can now tap into the emerging Web3 space without having to abandon their conventional web presence. This means they can simultaneously benefit from the vast, established ecosystem of Web2 while unlocking the full potential of Web3 technologies, such as tokenized wallets, NFT integration, and decentralized DNS services.

Pioneering the Web2 and Web3 Integration

Paul Apanowicz, Director of Project Management at Global Domains International, emphasized the significance of this new direction. “Our partnership with WebUnited is a pivotal moment for the domain industry,” he said. “We are offering our customers an unparalleled advantage: the dependability and global reach of Web2 with the innovative, forward-thinking capabilities of Web3. It’s an offering that redefines what’s possible for digital domains.”

Indeed, the opportunity for .WS domain owners to mirror their domain into Web3 opens up an array of new possibilities for managing digital assets. The introduction of features such as tokenized wallets allows businesses and individuals to securely conduct blockchain-based transactions directly associated with their domain. In addition, the integration of NFTs (non-fungible tokens) into the domain framework offers a way to authenticate and trade digital assets, such as art, music, or virtual real estate. This development is not just about creating a more dynamic web presence but about ensuring that domain owners have the tools they need to thrive in the digital economy of the future.

Lars Jensen, co-CEO of WebUnited, underscored the transformative potential of this technology. “For the first time, domain owners can maintain their existing online presence while gaining full access to the blockchain. This breakthrough in domain mirroring technology offers a seamless bridge between the traditional internet and the decentralized web of the future. The flexibility this provides is a game-changer, giving users an exciting preview of what lies ahead for their online presence.”

Unlocking the Benefits of Blockchain: Web3’s Role in the Future of Domains

The implications of this development are significant. Web3 is often described as the next generation of the internet—where decentralized applications (dApps), blockchain, and token-based economies reshape how people interact online. In this new space, users have more control over their digital identities, assets, and online interactions. By integrating Web3 capabilities with existing Web2 infrastructure, the .WS domain extension offers its users the best of both worlds.

One of the key features of Web3 is decentralization. With WebUnited’s decentralized DNS (Domain Name System), .WS domain owners gain a censorship-resistant, secure web presence. Traditional Web2 DNS services are often susceptible to centralized control, making them vulnerable to outages, censorship, or other interruptions. With decentralized DNS, domain owners can operate with greater autonomy and security, knowing that their domain can’t be taken offline or controlled by a central authority.

Additionally, the integration of tokenized wallets into the domain ecosystem marks a critical step forward in how transactions and commerce will take place in the digital age. These wallets enable domain owners to securely manage and transact on the blockchain, opening the door to new business models and revenue streams tied directly to their online presence.

Moreover, the inclusion of NFTs further enhances the value proposition. NFT integration allows domain owners to authenticate and trade digital assets in a manner that is secure, verifiable, and transparent. For content creators, businesses, and even individual domain owners, the ability to tie NFTs to their domain adds a new layer of functionality that extends beyond the traditional uses of domain ownership.

A Launch With Endless Potential for Growth

While this new offering is currently exclusive to .WS domains, WebUnited’s Web3 mirroring technology will soon expand to other domain extensions, potentially transforming the broader domain industry. Registrars and registries around the world are expected to adopt this dual-web experience, allowing their users to benefit from the integration of blockchain technology into their domain ownership.

As Davide Vicini, co-CEO of WebUnited, noted, “This is just the beginning of a new era in domain services. Our partnership with Domain Cost Club and the .WS registry is a clear signal that the domain industry is shifting toward a more innovative, decentralized future. We are excited to be leading this charge and look forward to bringing this revolutionary technology to domain holders everywhere.”

Exclusive Deals on .WS Domains Now Available

To celebrate this landmark development, Domain Cost Club is offering limited-time exclusive deals on mirrored .WS domains. For businesses, individuals, and entrepreneurs looking to future-proof their online presence, this is a unique opportunity to leverage WebUnited’s cutting-edge technology at an affordable price. By securing a mirrored .WS domain, users can position themselves at the forefront of the Web3 revolution while maintaining their trusted Web2 presence.

About Domain Cost Club

Domain Cost Club is known for offering the lowest-cost domain registration in the industry, with a mission to provide transparent pricing without hidden fees or markups. The platform offers users a direct and affordable way to secure top-level domains while enjoying cutting-edge services.

About .WS

The .WS domain extension, also known as Samoa’s digital identifier, is more than just a country code—it represents a commitment to innovation and reliability in the global domain space. Managed by Global Domains International, .WS is dedicated to meeting the evolving needs of today’s internet users while positioning itself as a leader in both Web2 and Web3 technology.

About WebUnited

WebUnited is at the forefront of integrating blockchain technology with domain services, with a vision to transform digital domains into secure, flexible, and efficient tools for the modern internet. By combining Web2 stability with the power of Web3, WebUnited is pioneering a new future for digital assets and online presence.

SOURCE: WebUnited

by Arrow123

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Sectors: Top Story, Corporate News

source https://newsroom.seaprwire.com/technologies/bridging-web2-and-web3-ws-domains-now-offer-seamless-blockchain-integration/

10/24/2024

Revolutionizing AI Data Labeling: OORT Launches Decentralized DataHub Powered by Blockchain

NEW YORK CITY, NY – 24/10/2024 – (SeaPRwire) – The OORT cloud platform has recently launched the beta testing phase of its newest innovation, OORT DataHub, an AI-focused data labeling platform that addresses several of the most critical bottlenecks in AI development: data collection, labeling, transparency, and security. By integrating blockchain technology into its core, OORT DataHub not only provides a more efficient and scalable solution for handling large datasets, but it also pioneers a revolutionary approach to data labeling. OORT has coined this approach “decentralized data labeling”—a concept poised to redefine the relationship between AI development, workforce participation, and data transparency.

As AI continues to transform industries such as healthcare, finance, retail, and manufacturing, the demand for massive datasets is skyrocketing. From the diagnostic power of medical AI to predictive algorithms in financial markets, all AI models rely on vast amounts of annotated data to function accurately. However, the sheer volume of data required, combined with the necessity for expert-level annotation, poses substantial challenges to AI developers and researchers. OORT’s decentralized data labeling platform offers a response to this problem, revolutionizing the traditionally slow, expensive, and complex process of AI data labeling by making it safer, faster, and more accessible globally.

Addressing AI’s Core Challenges in Data Labeling

The roadblocks associated with AI data collection and labeling are well-documented. The process often demands significant time and resources, creating a bottleneck in AI development. Traditional methods require a large workforce to manually label data, which drives up costs and delays timelines. For AI systems to be effective, datasets must be labeled consistently and accurately. However, inconsistencies and subjective interpretations among human annotators can distort model performance, compromising the quality of the AI solution. Furthermore, the issue of data privacy adds another layer of complexity, as some industries, like healthcare, deal with highly sensitive information.

Through OORT DataHub, the company aims to eliminate many of these challenges. Leveraging blockchain technology, DataHub enhances security and transparency while providing a decentralized platform for global participation in data labeling. By decentralizing the labeling process, OORT enables experts from across the world to participate in annotating complex datasets, breaking down geographic barriers and allowing for a broader, more inclusive workforce. This approach democratizes data labeling and creates a more equitable environment for AI development.

The Advantages of OORT DataHub

The OORT DataHub comes with several key advantages, designed to address the aforementioned challenges while driving forward the AI ecosystem.

Global Workforce Participation
With its decentralized framework, OORT DataHub enables individuals from around the world to participate in data labeling efforts. Contributors, regardless of their location or background, can now engage in the AI development process. This not only democratizes access to work but also speeds up the labeling process. By utilizing blockchain technology, OORT ensures that contributors are fairly compensated for their efforts, facilitating a faster and more transparent system of task allocation and payout.
Transparency Through Blockchain
One of the biggest issues in traditional data labeling processes is the lack of transparency in task management and payment systems. OORT addresses this by utilizing the Olympus Protocol, its proprietary layer-1 blockchain, to record every step of the data labeling process. From task completion to payment issuance, everything is documented and visible on the blockchain, ensuring full transparency for both clients and workers.
Enhanced Data Security
In contrast to centralized data storage solutions, which are vulnerable to breaches, OORT employs OORT Storage—an enterprise-grade decentralized storage system—to safeguard all data on the platform. Data is encrypted, fragmented, and stored across various locations, making it significantly harder for unauthorized parties to access or tamper with it. This multi-layered security infrastructure ensures the privacy and integrity of sensitive datasets.
Immediate Payouts via Smart Contracts
Another groundbreaking feature of OORT DataHub is the use of smart contracts to streamline payments. Unlike traditional systems, where payments for data labeling tasks may take weeks or even months to process, OORT guarantees near-instant payment to contributors. In addition, the platform rewards its contributors with NFTs (non-fungible tokens) as a form of recognition, further incentivizing high-quality contributions.
Community Collaboration for Tool Development
OORT DataHub fosters a collaborative community where developers, data experts, and AI projects can co-create data labeling tools. These tools evolve over time, becoming more effective and efficient through the ongoing input from the community. By leveraging collective intelligence, the platform enhances both the speed and accuracy of data labeling tools, continuously improving the AI model training process.
Unique Proof of Honesty (PoH) System
What sets OORT apart from other platforms is its Proof of Honesty (PoH) system. This human-in-the-loop mechanism ensures that data labeling is subjected to immediate quality control. Unlike conventional systems, where quality verification can take time and errors may be missed, OORT’s PoH system verifies the accuracy of labels in real-time, guaranteeing consistent and reliable data for AI training.

Industry Recognition and Partnerships

Even before its commercial launch, OORT DataHub has already made significant waves within the AI community. Through strategic partnerships with industry leaders such as the National Science Foundation’s eCAT Center and the Shenzhen Data Exchange, OORT is setting new standards for AI development and data utilization. These collaborations underscore the growing recognition of OORT’s decentralized approach as a vital component of the future AI ecosystem.

For those interested in learning more about these partnerships, OORT provides in-depth insights through its official blog articles:

“A Deep Dive into OORT’s Partnership with NSF’s eCAT Center: Advancing the Future of Mobility and AI”
“OORT’s Partnership with Shenzhen Data Exchange: Unlocking Opportunities for AI Growth in Asia”

About OORT

OORT is a decentralized, verifiable cloud computing platform built for AI applications. By leveraging global resources from data centers to local edge devices, OORT’s blockchain-based platform secures every transaction and computation, from data labeling to model training. OORT is committed to creating a more scalable, transparent, and equitable AI ecosystem, contributing to the development of Artificial General Intelligence (AGI).

SOURCE: Oortech LLC

by Arrow123

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Sectors: Top Story, Corporate News

source https://newsroom.seaprwire.com/technologies/revolutionizing-ai-data-labeling-oort-launches-decentralized-datahub-powered-by-blockchain/