Day: December 12, 2023

Pi Network to launch decentralised moderation feature on Fireside Forum

Pi Network has announced ‘Decentralized Moderation’ on Web3 social platform Fireside Forum.
The feature is geared towards incentivising better Web3 social interactions.
Fireside Forum was launched in June this year.

Pi Network has announced plans for the launch of a new feature dubbed “Decentralized Moderation” the Web3 social platform Fireside Forum.

Fireside Forum’s decentralised moderation feature

In a blog post on December 12, the Pi Network team said “Decentralized Moderation” is currently in the development phase. When it rolls out, it will bring decentralised social content moderation to users, incentivising them towards “meaningful and respectful online conversations.”

The aim is to foster a Web3 social experience where blockchain will be more than a layer of ownership. According to Pi, this is its vision for Fireside Forum, which launched in June 2023 and has seen steady user interaction.

“Through Decentralized Moderation, Fireside Forum aims to achieve a self-sustaining and transparent content ecosystem through cryptocurrency integration, allowing for diverse voices to be heard while keeping our behaviours accountable and respectful to others,” the platform wrote in the blog post.

Pi Network believes the new feature will not only empower users, but also help shape Fireside Forum’s evolution. This will include aspects such as content quality, accountability, and healthier online interactions.

Decentralized Moderation is expected to have tiered moderation levels, tokenomics and stakes in play and structured fair reward system.

The post Pi Network to launch decentralised moderation feature on Fireside Forum appeared first on CoinJournal.

Did you miss Pepe and Bonk? Memeinator (MMTR) could be next

Bitcoin price has done well this year as it jumped by more than 166% from its lowest point in December 2022. Other big tokens like Solana, Avalanche, and Immutable have done even better as they rose by over 200%.

However, meme coins like Pepe and Bonk have been the best-performing players in the crypto industry. Bonk the Solana meme coin launched in December, has surged by more than 6,000% from the lowest point in 2023, pushing its total market cap to over $732 million.

Pepe, a new meme coin launched a few months ago, has a market cap of over $575 million. This means that many people have become millionaires by investing in these two tokens, which have no utility. 

It also means that meme coins are not dead yet as most analysts were expecting. Indeed, coins like Shiba Inu and Dogecoin have a combined market cap of over $19 billion. This makes them bigger than some of the best-known companies in the world like Deutsche Bank, Zillow, and AllianceBernstein. 

Memeinator could be the next big thing

Memeinator, an upcoming cryptocurrency, could be the next big thing in the meme coin industry. The project, which is still in the presale period, has already raised over $1.9 million in the past few months. If this trend continues, the meme coin will get to its target of over $2.1 million in the next few weeks.

Memeinator has achieved this success because of the ongoing crypto rally that has pushed the combined market cap of all digital coins to over $1.6 trillion. It has also raised these funds because of the incentives offered by the developers.

For example, they have launched their staking platform that offers an APY of 45%. Over 7.1 million tokens have been staked and over 36,517 rewards paid out. This is a strong performance for a service that was launched recently. Over 21.5 million $MMTR tokens.

The other reason why Memeinator has done well is because of its promotion that will see a lucky person win a trip to space using Richard Branson’s Virgin Galactic product. That trip alone will be worth over $250k. You can buy the Memeinator token here.

AI and meme coin trends

Memeinator aims to be a successful cryptocurrency by combining the concept of meme coins and artificial intelligence (AI). Meme coins have jumped sharply while AI has been the biggest theme in the market this year. AI companies like ChatGPT and Anthropic have become multi-billion dollar entity this year.

There are several reasons why Memeinator token will likely do well in 2024. First, from a macro level, central banks are set to start cutting interest rates in 2024, which is a good sign for the crypto industry.

Second, Bitcoin is set to continue rising ahead of the halving event scheduled for April 2024. In most cases, BTC tends to do well ahead of the halving event. Altcoins do well when Bitcoin is rising. 

Finally, there is a high possibility that the Securities and Exchange Commission (SEC) will approve a Bitcoin ETF

The post Did you miss Pepe and Bonk? Memeinator (MMTR) could be next appeared first on CoinJournal.

Starknet allocates 10% of network fees to developers

Starknet to distribute 10% of network fees to developers in ‘Devonomics’ pilot.
dApps developers to receive 8% and core developers 2% of $1,600 ETH, or $3.5 million.
Starknet recently announced an upcoming airdrop.

Starknet Foundation and StarkWare, the developer of layer-2 Ethereum platform Starknet, has announced a pilot program that will incentivise developers via a $3.5 million total payout.

According to Starknet’s blog post on Tuesday, the pilot program is dubbed “Devonomics.” With it, early Starknet developers will receive 1,600 ETH accounting for 10% of all network fees.

Beneficiaries are those to have contributed to the platform’s activities and growth since its launch in November 2021 up to November 30, 2023. Developers are to be rewarded for operating and developing the Starknet network, as well as to empower them for governance decisions.

The program also seeks to incentivise developers to maintain and secure the blockchain platform through staking, Starkware noted.

Exciting News!@StarknetFndn + @StarkWareLtd are introducing Devonomics, a cool new program specifically for Starknet devs.
Devonomics gives them 1,600+ ETH ($3.5M+), that’s ≈10% of all Starknet fees from launch until Nov 30th.

Devonomics has 3 goals:
1️⃣ Reward devs for… pic.twitter.com/GvhIhwVjwG

— Starknet 🦇🔊 (@Starknet) December 12, 2023

8% to dApp developers and 2% to core developers

In particular, developers will have a share of over 1,600 ETH. Over 1,200 ETH, or 8% of the fees will be distributed to developers of decentralised applications (dApps).

Meanwhile, 300 ETH, or about 2%, will go to Core Developers, a group that includes devs that write code for provers, sequencers, full nodes, and long-term storage providers among others. While the initial distribution is in ETH, all future rewards will be in the native STRK token.

Starknet Foundation’s launch of Devonomics adds to several other initiatives aimed at empowering key network stakeholders.

Past initiatives include an early adopter grant (EAG) program, a 50 million early community member program (ECMP), developer partnerships (DPs) and grants to individual contributors.

Today’s announcement also comes a few days after Starknet confirmed plans for a potential 1.8 billion STRK airdrop.

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Meme Coin Sensation: DOGE, BONK, and MGLS Soar to New Heights in December – Is This Your Ticket to Riches?

The December crypto scene has witnessed an unparalleled surge, primarily driven by the meteoric rise of meme coins. Dogecoin (DOGE), Bonk (BONK), and Meme Moguls (MGLS) have been dominating headlines, sparking a frenzy among traders. However, Meme Moguls stands out as a new ICO many experts foresee potentially rising by 100x in 2024. This article will analyze all three tokens and determine their future. 

>> Can You Predict The Next 1000x Meme Coin? Become A Meme Mogul Today <<

Dogecoin (DOGE): First Meme In Space 

The original meme-coin, Dogecoin (DOGE), has been the darling of the crypto world for years. The Dogecoin worth has been skyrocketing recently as SpaceX plans to launch the first Doge-1 satellite to the moon soon. This event represents the first crypto and meme in space, as a physical representation of the DOGE token will be sent. 

In terms of the Dogecoin price performance, it has seen an upward trajectory since the start of December. It has risen from $0.08 on December 1 to $0.09 on December 11. The technical analysis also paints a bullish picture, with its value sitting comfortably above the 100 and 200-day EMAs. 

Experts in the crypto field are buzzed about the upcoming satellite launch, predicting the Dogecoin price will reach $0.10 before December ends. As the hype for this event grows, Dogecoin remains one of the altcoins to watch. 

Bonk (BONK): Outstanding Growth 

Similarly, Bonk (BONK has achieved tremendous growth in the past month – rising by 473%. This surge resulted from the popular crypto exchange KuCoin listing the Bonk crypto. After this news, its value jumped from $0.0000037 on November 28 to $0.00001193 on December 11. 

From a technical standpoint, sentiment around Bonk is bullish. Currently, there are 18 technical indicators in the green, while the Bonk price sits above its 21-day EMA. 

As per market analysts, this altcoin has the potential to reach a value of $0.00001168 before 2023 ends. They believe Bonk will slowly climb the DeFi crypto list and could enter 2024 with a bang.

Meme Moguls (MGLS): The Best Crypto To Invest in Now

According to Statista, the meme industry value may reach $6.1B by 2025, and Meme Moguls (MGLS) aims to capitalize on it by bringing something new. It will introduce the first-ever play-to-earn game where you can learn more about investing or wealth-building through meme-based assets. 

Simulated investing and head-to-head battles are only some features that Meme Moguls will offer. For instance, an in-game Marketplace will also be included where you can buy, sell, or trade items you collect.  

MOGULS!! 🔥

Are you ready to change the landscape? 🧑‍🌾 With one of the biggest airdrops of 2024 👀 Get ready!! $MGLS Farming. Coming soon… pic.twitter.com/9UPUeV5klt

— Meme Moguls (@meme_moguls) December 8, 2023

The DeFi project recently also announced its new Farming feature, allowing you to earn coins by actively contributing to it. If you engage with the platform, you will drive the Meme Moguls ecosystem forward. This is an excellent opportunity to obtain more MGLS tokens.

All these features are driven by the MGLS token, making it a meme coin with utility. It will serve as a governance token and also as an in-game currency. Holding it will bring you many benefits and exclusive rewards. 

Currently, it is valued at only $0.0021 as it is in Stage 1 of its presale. However, more price pumps will occur as this crypto ICO event advances. Some experts even foresee a rise to $0.19 in the first year of operation. 

While this prediction may be outlandish, The Crypto Basic reports show Shiba Inu has provided buyers with a 1.6M% ROI in three years. Meme Moguls has the same potential and could join the top 5 cryptocurrencies list soon. 

Pathway To Riches 

The meme coin market is on fire as December is underway, with Dogecoin, Bonk, and Meme Moguls taking center stage. However, Meme Moguls may outshine its peers as it possesses many advantages. For instance, it has real utility, while DOGE and BONK rely on hype – causing their prices to become volatile. 

Moreover, its low market cap of $6.3M suggests that MGLS could experience value rises much faster as fewer new funds are needed. All these reasons are why the Meme Moguls presale has seen a stellar performance, raising over $238,591 USDT so far.

For more information about the Meme Moguls (MGLS) presale:

Website: https://mememoguls.com/
Twitter: https://twitter.com/meme_moguls

The post Meme Coin Sensation: DOGE, BONK, and MGLS Soar to New Heights in December – Is This Your Ticket to Riches? appeared first on CoinJournal.

Crypto Analyst Michael Van de Poppe Predicts 30% Rally For Pepe; Illuvium and Meme Moguls Ready To Rally

In a recent post, famous analyst Michael Van de Poppe said he believes Pepe is set to rally soon alongside Meme Moguls and Illuvium. Their current price movements have made them the top crypto to buy. Let’s learn more about them.

>> Can You Predict The Next 1000x Meme Coin? Become A Meme Mogul Today <<

Pepe (PEPE) is the Next Dogecoin, According To Michael Van de Poppe

Cryptocurrency analyst and trader Michael Van de Poppe has forecasted a 30% price surge for Pepe coin (PEPE) to reach the $0.000002000 level. The chart he shared on X shows the current entry zone for PEPE is between $0.000001285 and $0.000001350. 

The analyst dubbed Pepe the “next DOGE.” The Pepe crypto gained significant momentum after its launch in April 2023, delivering impressive returns of more than 1,170% for investors during its initial two weeks.

However, following its launch and initial excitement, the price of PEPE coin plummeted to reach a low of $0.0000006288 on October 19. Nevertheless, recent data from IntoTheBlock revealed that the token’s fortunes are about to change. 

About 59.85% of traders are currently in a profitable position, accounting for a total of 97,780 addresses. According to the data, 26.11% of addresses, or 42,660 holders, face losses. On the other hand, 14.03% or 22,920 Pepe crypto addresses are neither profitable nor in losses.

Illuvium (ILV) Year-To-Date Gains Jump To 140.1%

Illuvium (ILV) is a decentralized gaming studio that combines online gaming and cryptocurrency. They craft NFTs that players can use in various play-to-earn gaming experiences. The platform’s native token reached an all-time high of $2,868.95 in 2021. 

Since then, the price of Illuvium has been on a downward movement despite new releases and competition on the platform. As of December 2023, the Illuvium coin has been trading between $96.25 and $115.73 in the past week. 

Like other gaming tokens, the gaming token has seen double digit gains in the past month. According to CoinMarketCap, the price of Illuvium is up 34.9% on the monthly chart with 140.1% gains year-to-date.

Meme Moguls (MGLS) and Its Offerings

Meme Moguls (MGLS) is a cryptocurrency ICO that introduces a play-to-earn concept. It provides users with various games and competitions where they can earn rewards. In addition, community members and friends can organize tournaments on the Meme Moguls platform. 

These tournaments can be enjoyed as leisure activities, or participants can opt to create prize pools and entry fees to increase competitiveness. One game mode, “Beat the Market,” challenges players to outperform a benchmark index such as the S&P 500. To emerge as winners, players must achieve a higher overall return than the SPY500 by the close of the final trading day.

MOGULS!! 🔥

Are you ready to change the landscape? 🧑‍🌾 With one of the biggest airdrops of 2024 👀 Get ready!! $MGLS Farming. Coming soon… pic.twitter.com/9UPUeV5klt

— Meme Moguls (@meme_moguls) December 8, 2023

Meme Moguls offers an interactive and educational experience, enabling users to improve their investment skills, compete with others, and earn rewards simultaneously. Furthermore, it provides a fun and rewarding way for users to test their financial knowledge and connect with like-minded individuals.

Those participating in this cryptocurrency ICO project will embark on a journey towards becoming a successful mogul. Additionally, you can accumulate wealth through active engagement in the Meme Moguls ecosystem and acquiring $MGLS tokens.

Conclusion 

Pepe and Illuvium are relatively old tokens that have their best days behind them. On the other hand, Meme Moguls is in the presale phase and is the top crypto to buy. In the first stage of its presale, Meme Moguls’ MGLS token is up for sale at $0.0021.

For more information about the Meme Moguls (MGLS) presale:

Website: https://mememoguls.com/
Buy presale: https://app.mememoguls.com/sign-up 
Twitter: https://twitter.com/meme_moguls

The post Crypto Analyst Michael Van de Poppe Predicts 30% Rally For Pepe; Illuvium and Meme Moguls Ready To Rally appeared first on CoinJournal.

INJ price hits new all-time high: Why is Injective surging?

INJ soars to a new all-time high above $27, up 66% in two weeks and over $1,500% in the past year.
What’s driving the Injective price higher? Catalysts include upcoming network upgrade, weekly token burn and Helix DEX activity.

The injective (INJ) token is one of the standout performers in the past week, rising more than 60% as its price broke above $20. 

On December 12, the INJ price shot to highs of $27 across major crypto exchanges, touching a new all-time high as major altcoins looked to recoup losses seen on Monday.

As Injective looks for continued upside, one of the questions to ask is what has driven this token to its new ATH. Is this rally therefore likely to be sustainable, or will bears spoil the bulls’ Christmas party?

Why is Injective price surging?

The last 30 days have seen the price of Injective’s native token surge by more than 55%, while the steady upswing since the lows reached in December 2022 has included a parabolic rise of 1,570%. In recent weeks, positive ecosystem news have combined with the broader bullish sentiment to send INJ higher.

One of the catalysts this past few days has been Injective’s weekly token burn. The latest of these saw over $65,000 worth of INJ burned, permanently removing them from circulation.

Amid the burn auction, Injective has also witnessed a significant spike in total INJ staked. According to on-chain data, over $1 billion worth of the token has so far been staked.

Over $1 Billion worth of $INJ is now staked on chain.

That’s it. That’s the tweet.

— Injective 🥷 (@Injective_) December 12, 2023

This outlook has put pressure on Injective rising ahead of a recently announced upgrade dubbed Volan. According to the Injective team, this is going to be the largest mainnet upgrade in the layer-1 blockchain’s history.

Injective teased the Volan upgrade on November 30, and INJ price has skyrocketed more than 66% in the two weeks since. Network activity around Injective-based decentralized exchange (DEX) Helix has also contributed to the upward trajectory.

INJ price outlook

As INJ pares some of the intraday gains to trade around $26 at the time of writing, a bullish continuation could see buyer eye price beyond $30. A bearish flip amid broader market retreat could inform the potential slip to support in the $20-$18 range.

Injective INJ price chart. Source: TradingView

 

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Bitget lists Base Seamless (SEAM) tokens in its Launchpool

Victoria, Seychelles, December 12th, 2023, Chainwire

Bitget, the world’s leading cryptocurrency exchange and Web3 company, has announced the listing of SEAM tokens in its staking rewards platform, Launchpool. Seamless is a native, decentralized lending & borrowing protocol on Coinbase-incubated Ethereum Layer 2 network Base. The listing will allow users to gain access to SEAM tokens for further utility.

Seamless ecosystem brings in newer DeFi possibilities, including composable, trustless, and undercollateralized borrowing. The Protocol aims to explore the use of Integrated Liquidity Markets (ILM), which enable smart contracts to borrow for their predetermined purposes within the protocol.

“We’re firm believers of investing and contributing in high potential WEB3 companies, and support the growth of the same. The listings on our launchpool provides users the access to such tokens, which offers various rewards for participating. This aligns with our plans of listing trending projects and bringing easy-access to small cap tokens,” said Gracy Chen, Managing Director at Bitget.

To enhance the visibility and boost users for their contributions, users staking BGB in the Launchpool promotion to grab a share of SEAMs. Bitget Launchpool is a crypto platform where users can stake and earn tokens with user-friendly terms and conditions. By staking with BGB or other coins into the Launchpool, users have the chance to earn free airdrops, earnings, and access to a substantial prize pool.

Returns on staked assets are calculated within T+1 hours, with rewards distributed hourly. The estimated ROI is updated and available for viewing on the Launchpool page. Bitget Launchpool also offers flexibility for users, allowing them to withdraw their staked assets whenever they choose.

As a leading Web3 company, Bitget consistently delivers listing a wide range of assets on its platform to provide exposure to high potential projects. The token ecosystem on the platform encompasses diverse options, ranging from various DeFi projects, Social networks, AI tokens, Memecoins and more.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL.

For more information, visit:

Website
Twitter
Telegram
LinkedIn
Discord
Bitget Wallet

For media inquiries, please contact: media@bitget.com

 

Contact

Rachel Cheung
media@bitget.com

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BitMart lists zero-knowledge DeFi pioneer Panther Protocol’s $ZKP

Gibraltar, Gibraltar, December 12th, 2023, Chainwire

Panther Protocol is excited to announce its $ZKP listing on BitMart, a leading cryptocurrency exchange operating in over 180 countries. This listing is part of Panther Protocol’s ongoing effort focused on strategic partnerships and exchange listings before its V1 Mainnet launch aimed at providing improved accessibility, a variety of trading options, and a more efficient, cost-effective transaction experience for Panther Protocol’s community members and $ZKP holders.

“For Panther, this is a pivotal moment as we advance towards the V1 release, broadening our user base and reinforcing our commitment to democratize finance and onboard more users to the decentralized finance ecosystem while ensuring a balance between regulatory standards and user privacy,” Oliver Gale, Co-founder and CEO, Panther Protocol.

This partnership with BitMart is part of Panther Protocol’s long-term plan to make $ZKP more accessible for the Web3 community globally. The decision to partner with BitMart was based on its global coverage and thriving Web3 community. Further, with the upcoming V1 Mainnet launch, this listing will contribute to improving the on-and-off ramp accessibility of the $ZKP token for the V1 protocol. With the BitMart listing, $ZKP will now be available on four exchanges (MEXC, Uniswap (DEX), Huobi, and BitMart) and will further contribute to additional opportunities for onboarding more users to the Panther ecosystem.

Here’s $ZKP Token Trading Details on BitMart:

Trading Pair: $ZKP/$USDT
Deposit Availability: 12/10/2023 08:00 AM EST
Trading Commencement: 12/12/2023 08:00 AM EST
Withdrawal Post-Trade: 12/13/2023 08:00 AM EST

About BitMart

As a global integrated trading platform, BitMart provides diversified system functions including spot trading and, futures contract trading. BitMart’s trading system has a robust security mechanism and reliable underlying architecture, which provides users with a safe trading experience. Besides, our unique online trading model efficiently matches the market depth of major exchanges all over the world. Relying on the whole network trading system, we believe the BitMart platform will become one of the major liquidity providers of digital assets in the world.

About Panther 

Panther is a cross-protocol layer that uses zero-knowledge technology to build DeFi solutions that strive to meet regulatory standards and satisfy users’ on-chain data privacy needs. The goal of Panther is to allow seamless access to DeFi and create a cross-chain-supported architecture that serves different use cases. Panther’s zero-knowledge primitives are also generalizable to KYC, selective disclosures between trusted parties, private ID, voting, and data verification services.

Disclaimer: Panther is not recommending that readers engage in cryptoasset trading activity, and users or potential users of the protocol should not regard this message or its contents as involving any form of recommendation, invitation, or inducement to deal in cryptoassets. Due to the potential for losses, regulators consider this asset class to be high risk.

For more information please visit Panther’s:

Official Website
Twitter
Discord
Telegram
Linkedin

 

Contact

Manwendra Mishra
Product Marketing Manager
Panther Protocol
info@pantherprotocol.io

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OverProtocol Announces Open Beta Testnet and Community Incentives for Participation

Seoul, South Korea, December 12th, 2023, Chainwire

OverProtocol, a Layer 1 blockchain focused on democratizing validation, has exciting plans for the next year, including a mainnet launch in the first half. In October, the project successfully completed a closed beta testnet with 15,000 applicants from 127 countries, of whom 1,300 completed all tests. In preparation for the mainnet launch, they have now announced an open beta testnet and an incentive program open to everyone.

Community-Focused Launching Plan

The project will initiate an airdrop through the OverProtocol Community Airdrop Program (OCAP) to build a strong community. The path to the airdrop unfolds through two pivotal quests. The first quest, already active on OverWallet, showcasing OverProtocol’s mobile-centric vision, has attracted significant participation. Over the past six months, more than 4.7 million users have joined, with over one million users actively participating in missions each month. Meanwhile, the second quest invites users to engage with OverProtocol by running validators via OverNode on the Open Beta Testnet.

Open Beta Testnet (OBT)

The Open Beta Testnet is divided into two seasons: OBT Season 1, which runs from December 13th to 22nd, and OBT Season 2, scheduled for February of next year. During the testnet, participants can experience Home Staking by running a node and validator at home through OverNode and also learn about Ethanos, a key feature of OverProtocol. The total scores accumulated from both seasons will be considered when determining the airdrop amount. Everyone can participate in OBT Season 1, but only those with enough points in OverWallet can complete key missions. OBT Season 2 will also have a point requirement, so if you are interested in OverProtocol, download OverWallet and join the OverProtocol community.

Instructions for OBT Season 1

Please remember to follow these essential steps:

Download the OverNode Client: This is the first and crucial step. Download and install the OverNode client on your computer for mission engagement.
Complete the Missions: Follow the structured guidance provided within the OverNode client to complete your missions effectively.

Additionally, pioneers should:

Follow the Official OverNode Channel on X: Stay updated with all announcements and important information during the testnet period by following our official channel.
Access OverNode from the Official Website: The OverNode will be available for download from our official website starting from December 13th, 02:00 UTC.
Familiarize with the Mission Types: An overview of the seven types of missions is provided in our official Medium article. It’s designed to assist users in understanding and effectively engaging with each mission type.

Vision of OverProtocol

OverProtocol is a new layer 1 blockchain based on a protocol named ‘Ethanos’ that only considers active accounts valid, enabling full nodes to discard obsolete data and operate with less storage, thus allowing for reduced storage requirements. Superblock, a core contributor to the project, is developing ‘OverNode’, a full-node client that allows anyone to run a full node of OverProtocol and become a validator on their home PCs.

“By allowing anyone to run a validator, individuals have the opportunity to earn $OVER through a process known as Home Staking. This enables them to embrace a new lifestyle, offering new payment options, enhanced credit, and innovative financial opportunities,” Ben, CEO of Superblock, added.

About OverProtocol

OverProtocol is a layer 1 blockchain network committed to fostering a truly decentralized ecosystem, allowing anyone to serve as a validator. Leveraging ‘Ethanos’, an innovative node optimization technology, it empowers individuals to operate full nodes from their home desktops. Driven by the vision of decentralization, OverProtocol aspires to place the power of a new internet right in your hands.

For more information visit OverProtocol’s:

Official Website
Twitter
Discord
Medium
YouTube

 

Contact

Maketing Lead
David Kim
Superblock
david@superblock.xyz

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Chromia Migrates My Neighbor Alice to Shared Appnet For Season 4 Launch

Stockholm, Sweden, December 12th, 2023, Chainwire

Chromia’s Appnet continues to grow while the fully on-chain game My Neighbor Alice launches its Alpha Season 4

Chromia, a relational blockchain platform designed for decentralized applications, has migrated the fully on-chain game, My Neighbor Alice, to its Shared Appnet, coinciding with the My Neighbor Alice Alpha Season 4 announcement.

Chromia’s Appnet provides a closed beta environment for decentralized applications (dapps) to utilize real assets, establish a user base, and demonstrate the platform’s technology potential. Since it went online in October 2023, Appnet has shown consistent growth and expansion. It is already hosting groundbreaking projects such as BLK DNM’s Connected Fashion and VfB Stuttgart’s Digital Collectibles Marketplace.

My Neighbor Alice is a multiplayer open-world game that enables users to explore, interact, and showcase their creativity by customizing a piece of land. The game preserves traditional game mechanics while being decentralized and fully on-chain, as ALICE tokens, NFTs, and game logic are all stored and executed on Chromia. This is made possible by Chromia’s relational blockchain technology, which significantly improves data handling, storage speed, and efficiency compared to other dapp platforms. The overall user experience is also improved, as players are not required to pay gas fees or manually sign transactions each time they perform an action.

Commenting on My Neighbor Alice’s migration on Chromia’s Appnet, Riccardo Sibani, Chief Product Officer of My Neighbor Alice, said, “We are committed to the development of open and interoperable metaverses. Utilizing Chromia, we are crafting a game that embodies true decentralization and operates entirely on-chain. Transitioning to Appnet represents a fundamental step in our vision: Power to the Players.”

The dapp provides the first example of token bridging from an EVM-based network to Chromia. Players can move ALICE tokens from the BNB Smart Chain to the Appnet and use them to craft exclusive NFTs in-game, thanks to the decentralized bridge provided by Chromia.

Highlighting the seamless integration of Chromia features in My Neighbor Alice, Chief Technical Officer Alex Mizrahi said, “Chromia features make it a natural fit for Web3 gaming. Players want to own the items they spend time earning within the game world, but they also want a more intuitive experience that existing dapp platforms cannot deliver. With our Appnet, and later our mainnet, Chromia will demonstrate that games can offer decentralization and digital ownership in a seamless and responsive way.”

The dapps running on the Appnet are expected to move to Chromia Mainnet 1.0 after it launches in 2024. The project recently released a new roadmap and announced their public mainnet is releasing next year.

Alpha Season 4 opens to the public on December 12th and is free to try. To find out more, visit their official website.

Users can stay connected with Chromia and get the latest updates from the following official Twitter: https://twitter.com/Chromia

About Chromia

Chromia is a blockchain platform that provides scalable, secure, and developer-friendly solutions for decentralized applications. Their relational blockchain technology is designed to support high performance, low cost, and ease of use for developers and end-users.

About My Neighbor Alice

My Neighbor Alice is a groundbreaking multiplayer builder game built on Chromia’s Blockchain that offers an engaging and accessible experience on a charming virtual island. Integrating Blockchain technology allows players to own and trade virtual assets (NFTs). The game’s marketplace enables players to buy, sell, and trade these NFTs, creating a dynamic and player-driven virtual economy. Players can earn rewards, monetize their creations, and engage in community events, fostering a sense of ownership and collaboration.

 

Contact

Fati Hakim
pr@chromia.com

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