Peter Thiel's Founders Fund appears to be back at the game after offloading $1.8 billion worth of crypto assets.

Peter Thiel's Fund Back into Bitcoin and Ether, Sparking Silicon Valley's Crypto Interest: Report

Renowned billionaire invests $200 million in two cryptocurrencies, marking a significant return to crypto investments.

This Is Why a Billionaire Invested $200 Million in Two Cryptos

Former PayPal CEO Peter Thiel’s venture capital firm Founders Fund has invested $200 million in bitcoin and ether last year.

Peter Thiel’s Founders Fund invested $200 million in bitcoin and ether last year: Reuters | The Block

Founders Fund, the venture capital firm founded by billionaire Peter Thiel, is investing once again in bitcoin and ether, sources said, signaling Silicon Valley's renewed interest in cryptocurrency markets.

Exclusive: Peter Thiel’s Founders Fund made $200 million crypto investment before bull run | Reuters

The billionaire tech mogul's Founders Fund started snapping up bitcoin and ether in mid-2023, Reuters reported.

It seems Peter Thiel's fund timed a reported $200 million crypto spending spree perfectly

The traditional banking world is being challenged by Bitcoin, digital currencies, stablecoins, and a host of other digital ledger technologies. Creating a bridge to the future will difficult and filled with red-tape, but more and more banks are working this new, decentralized economy

Former PayPal CEO Peter Thiel's Founders Fund Bought $100 Million of Bitcoin

Peter Thiel's VC firm injected $200 million in bitcoin and ether before bull run

Peter Thiel's VC firm injected $200 million in bitcoin and ether before bull run By Investing.com

The panel, which included founders, managing partners and managers at venture capital firms and a fintech fund, was in conversation with CNBC Awaaz. Vikram Gupta, founder and managing partner, IvyCap Ventures, a venture capital firm, concurs with Randev's ...

India has significant amount of dry capital for startup ecosystem: VCs

For pre-seed founders innovating in the deep tech space, Bee Partners wants to be partners with you. It closed on $50 million in commitments for its fourth fund, which Michael Berolzheimer, managing partner,

Bee Partners closes fourth fund to add more capital for pre-seed founders in deep tech

Health-tech firm PreventScripts is looking to grow following its latest capital raise. The Paducah, Kentucky-based startup has secured a $1.5 million round of funding, according to a news release, led by venture capital firms Keyhorse Capital and iSelect Fund, with participation from angel investors.

PreventScripts raises more than $1 million, looks to speed up growth

Founders Fund

foundersfund

**Toronto, Canada, January 16th, 2025/Chainwire/--**Torram a Web2.5 infrastructure company, has announced the successful closure of its $710,000 pre-seed funding round in early December 2024. The company is focused on developing institutional-grade decentralized finance (DeFi) infrastructure directly on Bitcoin, positioning itself as a key enabler of innovation in the evolving financial ecosystem. The funding round included participation from prominent investors such as Draper Associates, Blockchain Founders Fund, Boost VC, Side Door Ventures, Deep Ventures, MH Ventures, Silvermine Capital, and Trive Digital. “This oversubscribed round is a testament to the growing demand for infrastructure that meets institutional needs,” said Vakeesan Mahalingam, CFA, CEO of Torram. "We’re building what others haven’t dared to—seamless, reliable systems on Bitcoin that will redefine the trillion-dollar financial landscape.” Building Institutional DeFi on Bitcoin Every day, billions of dollars move between institutions on invisible financial infrastructure. Torram’s mission is to replicate that seamless reliability within DeFi. By developing advanced enablement technology, Torram empowers companies to build robust Bitcoin-native applications while enabling institutions to leverage Bitcoin as a secure settlement layer for financial transactions. “Our goal is simple,” explains Mahalingam. “We’re building infrastructure that powers institutional DeFi—utilizing Bitcoin’s security, DeFi’s innovation, and bank-grade reliability.” Torram’s Bitcoin-native toolkit will include: Decentralized Oracle Network: Real-time, secure data feeds for institutional use, enabling high-stakes operations.
Decentralized Indexer Network: Comprehensive indexing for Bitcoin’s ecosystem, empowering developers to query blockchain data and build applications. Similar to a search engine for data stored on Bitcoin; organized and easily accessible. With Torram’s indexers, developers can easily find the data they need.
Decentralized APIs: Standardized tools for seamless data integration, bridging traditional finance (TradFi) with decentralized networks. Ecosystem Traction and Market Opportunity Torram reports strong interest in its technology, with over 40 projects awaiting integration. This underscores the rising demand for reliable infrastructure as Bitcoin continues to expand its role in global finance. Bitcoin’s market cap surpassed $2 trillion in December 2024, reflecting its growing significance. As institutional interest in blockchain technology reaches new heights, the need for scalable solutions tailored to financial institutions has never been greater. “Torram’s technology bridges the gap between Bitcoin’s potential and institutional requirements,” Mahalingam said. “We’re in the pick-and-shovel business of building on Bitcoin. By 2027, tapping to pay with Bitcoin-native stablecoins will feel as effortless as sending an email—and our infrastructure will make it possible.” About Torram Torram is a Web2.5 infrastructure company dedicated to building Bitcoin-native technology that powers institutional-grade decentralized finance (DeFi) and real-world asset tokenization directly on Bitcoin’s base layer. This critical infrastructure on Bitcoin will enable financial institutions and developers to create robust applications that will power the future of finance. X(Twitter): @torram_xyz Website: torram.xyz Disclaimer: This press release contains forward-looking statements. Actual results may differ materially due to various factors. This is not an offer to sell or a solicitation to buy any securities. The information does not constitute legal, financial, or investment advice. Readers should conduct their own research and consult with professional advisors before making any investment decisions or entering into any agreements. Torram does not guarantee any specific outcomes or returns on investment. Torram and its investors are not responsible for any actions taken based on this communication. To see our full disclaimer statement, visit here. Contact CEO & Cofounder Vakeesan Mahalingam Torram Labs marketing@torram.xyz This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here **Toronto, Canada, January 16th, 2025/Chainwire/--**Torram a Web2.5 infrastructure company, has announced the successful closure of its $710,000 pre-seed funding round in early December 2024. The company is focused on developing institutional-grade decentralized finance (DeFi) infrastructure directly on Bitcoin, positioning itself as a key enabler of innovation in the evolving financial ecosystem. The funding round included participation from prominent investors such as Draper Associates, Blockchain Founders Fund, Boost VC, Side Door Ventures, Deep Ventures, MH Ventures, Silvermine Capital, and Trive Digital. “This oversubscribed round is a testament to the growing demand for infrastructure that meets institutional needs,” said Vakeesan Mahalingam, CFA, CEO of Torram. "We’re building what others haven’t dared to—seamless, reliable systems on Bitcoin that will redefine the trillion-dollar financial landscape.” “This oversubscribed round is a testament to the growing demand for infrastructure that meets institutional needs,” said Vakeesan Mahalingam , CFA, CEO of Torram. "We’re building what others haven’t dared to—seamless, reliable systems on Bitcoin that will redefine the trillion-dollar financial landscape.” Vakeesan Mahalingam Vakeesan Mahalingam Building Institutional DeFi on Bitcoin Every day, billions of dollars move between institutions on invisible financial infrastructure. Torram’s mission is to replicate that seamless reliability within DeFi. By developing advanced enablement technology, Torram empowers companies to build robust Bitcoin-native applications while enabling institutions to leverage Bitcoin as a secure settlement layer for financial transactions. “Our goal is simple,” explains Mahalingam. “We’re building infrastructure that powers institutional DeFi—utilizing Bitcoin’s security, DeFi’s innovation, and bank-grade reliability.” “Our goal is simple,” explains Mahalingam. “We’re building infrastructure that powers institutional DeFi—utilizing Bitcoin’s security, DeFi’s innovation, and bank-grade reliability.” Torram’s Bitcoin-native toolkit will include: Decentralized Oracle Network: Real-time, secure data feeds for institutional use, enabling high-stakes operations. Decentralized Indexer Network: Comprehensive indexing for Bitcoin’s ecosystem, empowering developers to query blockchain data and build applications. Similar to a search engine for data stored on Bitcoin; organized and easily accessible. With Torram’s indexers, developers can easily find the data they need. Decentralized APIs: Standardized tools for seamless data integration, bridging traditional finance (TradFi) with decentralized networks. Decentralized Oracle Network: Real-time, secure data feeds for institutional use, enabling high-stakes operations. Decentralized Indexer Network: Comprehensive indexing for Bitcoin’s ecosystem, empowering developers to query blockchain data and build applications. Similar to a search engine for data stored on Bitcoin; organized and easily accessible. With Torram’s indexers, developers can easily find the data they need. Decentralized APIs: Standardized tools for seamless data integration, bridging traditional finance (TradFi) with decentralized networks. Ecosystem Traction and Market Opportunity Torram reports strong interest in its technology, with over 40 projects awaiting integration. This underscores the rising demand for reliable infrastructure as Bitcoin continues to expand its role in global finance. Bitcoin’s market cap surpassed $2 trillion in December 2024, reflecting its growing significance. As institutional interest in blockchain technology reaches new heights, the need for scalable solutions tailored to financial institutions has never been greater. “Torram’s technology bridges the gap between Bitcoin’s potential and institutional requirements,” Mahalingam said. “We’re in the pick-and-shovel business of building on Bitcoin. By 2027, tapping to pay with Bitcoin-native stablecoins will feel as effortless as sending an email—and our infrastructure will make it possible.” “Torram’s technology bridges the gap between Bitcoin’s potential and institutional requirements,” Mahalingam said. “We’re in the pick-and-shovel business of building on Bitcoin. By 2027, tapping to pay with Bitcoin-native stablecoins will feel as effortless as sending an email—and our infrastructure will make it possible.” About Torram Torram is a Web2.5 infrastructure company dedicated to building Bitcoin-native technology that powers institutional-grade decentralized finance (DeFi) and real-world asset tokenization directly on Bitcoin’s base layer. This critical infrastructure on Bitcoin will enable financial institutions and developers to create robust applications that will power the future of finance. X(Twitter): @torram_xyz @torram_xyz @torram_xyz Website: torram.xyz torram.xyz torram.xyz Disclaimer: This press release contains forward-looking statements. Actual results may differ materially due to various factors. This is not an offer to sell or a solicitation to buy any securities. The information does not constitute legal, financial, or investment advice. Readers should conduct their own research and consult with professional advisors before making any investment decisions or entering into any agreements. Torram does not guarantee any specific outcomes or returns on investment. Torram and its investors are not responsible for any actions taken based on this communication. To see our full disclaimer statement, visit here . visit here visit here Contact CEO & Cofounder Vakeesan Mahalingam Torram Labs marketing@torram.xyz This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here here here

Torram’s Pre-Seed Closure Paves The Way For Institutional-Grade DeFi on Bitcoin

Закрыццё Torram's Pre-Seed адкрывае шлях да DeFi інстытуцыйнага ўзроўню на біткойнах

টরামের প্রাক-বীজ বন্ধ বিটকয়েনে প্রাতিষ্ঠানিক-গ্রেড ডিফাইয়ের পথ প্রশস্ত করে

El cierre previo a la semilla de Torram allana el camino para el DeFi de nivel institucional en Bitcoin

بستن Pre-Seed Torram راه را برای DeFi درجه سازمانی در بیت کوین هموار می کند

סגירת ה-Pre-Seed של Torram סוללת את הדרך ל-DeFi ברמה מוסדית על ביטקוין

Penutupan Pra-Seed Torram Membuka Jalan Bagi DeFi Tingkat Institusional di Bitcoin

La chiusura pre-seed di Torram apre la strada alla DeFi di livello istituzionale su Bitcoin

トーラムのプレシードの終了により、ビットコインでの機関投資家レベルのDeFiへの道が開かれる

Torram’s Pre-Seed Closure Ezali Kofungola Nzela Mpo Na DeFi Ya Grade Institutionnel na Bitcoin

Ny fanakatonana mialoha ny voa an'i Torram dia manokatra ny lalana ho an'ny DeFi ambaratonga andrim-panjakana amin'ny Bitcoin

Torram's Pre-Seed Closure maakt de weg vrij voor institutionele DeFi op Bitcoin

O fechamento pré-semente da Torram abre caminho para DeFi de nível institucional no Bitcoin

SAN FRANCISCO, United States, October 28th, 2024/Chainwire/--Another set of EasyA hackathon winners (also known as “gigabrains”) are headed to Y Combinator. Artemiy Malyshau and Jeevan Juttla attended their first EasyA x Polkadot hackathon nearly two years ago, where they first started experimenting with the ideas that would later become Gecko Sec. Today, they’ve just been accepted into the world-famous Y Combinator accelerator, which has backed some of the world’s most successful Web3 companies like CoinBase, Filecoin and many more. According to the team, Gecko Sec lets Web3 developers build secure code quickly without wasting time on tools that don’t deliver results, or relying on one-time human pentests that quickly become outdated. As they continue to develop their groundbreaking software, they’re working on rolling this out for teams building on Polkadot. Writing code that is secure and safe is one of the biggest concerns for Web3 developers, with many millions of dollars spent on security audits every month in Web3 alone. EasyA gigabrains Jeevan Jutla and Artemiy Malyshau credit EasyA with helping them get off the ground and giving them the inspiration to succeed. “What started off at an EasyA hackathon has led to us getting backed by Y Combinator. Big shoutout to Phil and Dom for pushing us out of our comfort zone and getting us here!” said Artemiy Malyshau, Co-Founder of Gecko Sec. Jeevan Juttla and Artemiy Malyshau have also got highly accomplished professional and educational backgrounds. Jeevan Juttla, CEO and Co-founder of Gecko Sec, graduated with a First Class Degree in Electrical Engineering from King’s College London. After graduating, Jeevan was hired by the UK government’s National Cyber Security Centre to secure the British Government’s data and subsequently joined Binance as a Security Engineer. Artemiy Malyshau also graduated with First Class Honours in Electrical Engineering from King’s College London, one of the UK’s top universities. Shortly after this, he earned a Master’s Degree with Distinction in Applied Computational Science and Engineering from Imperial College University. GeckoSec joins a long list of EasyA hackathon winners who’ve gone on to achieve storied success in blockchain. Other EasyA hackathon winners like Axal, founded by Harvard grad Ashlan Ahmed, have been backed by a16z and are planning to announce their latest fundraising round later this month. To date, EasyA alumni have already founded companies valued at nearly $3 billion. EasyA has received interest from VCs who want access to its startups pipeline. Although it won’t share the precise details yet, EasyA shares that it has its sights set on launching a fund designed to invest exclusively in its gigabrain community and hackathon winners. "Seeing our EasyA gigabrains go from launching at our hackathons to getting accepted into YC is testament to the talent density and founder spirit within the EasyA community. I’ve never seen anything quite like it.” said Dom Kwok, Co-Founder of EasyA. Much of the success of EasyA hackathon winners can be traced to the company’s co-founders, who have been instrumental in spotting young talent and nurturing them as founders. Users can go to any EasyA hackathon and find Phil and Dom on the ground, inspiring developers to launch the next unicorns. EasyA co-founders Phil and Dom have been active in blockchain for over 10 years. Prior to EasyA, Phil worked at prestigious law firm Sullivan & Cromwell and Dom worked at the world’s largest Private Equity firm, The Blackstone Group. Their educational backgrounds have also given them, and EasyA, a unique pipeline of talented founders across the US and Europe. Phil was a top scholar at Cambridge University, and Dom studied at the Wharton School, University of Pennsylvania, where he graduated Cum Laude as a Joseph Wharton and Benjamin Franklin Scholar. According to Phil and Dom, they’re just getting started. Numerous high-profile fundraising announcements are coming out of the EasyA community over the coming months. About EasyA EasyA is one of Web3’s most popular apps, making it possible for anyone to learn about Web3 right from their phones. Learners earn rewards for mastering new skills, and the best ones are invited to in-person hackathons to launch their startups in world-leading hubs like San Francisco, London and Singapore. EasyA alumni have founded startups valued at nearly $3 billion and have raised from top VCs like a16z, Founders Fund, YC and many more. Launched by brothers Phil and Dom Kwok, top grads from the University of Cambridge and The Wharton School respectively, EasyA has over 1 million users and has won Apple’s highly-coveted App of the Day award. Users can learn more: https://www.easya.io/ Contact Dom Kwok dom@easya.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. SAN FRANCISCO, United States, October 28th, 2024/Chainwire/--Another set of EasyA hackathon winners (also known as “gigabrains”) are headed to Y Combinator. Artemiy Malyshau and Jeevan Juttla attended their first EasyA x Polkadot hackathon nearly two years ago, where they first started experimenting with the ideas that would later become Gecko Sec . Artemiy Malyshau Artemiy Malyshau Jeevan Juttla Jeevan Juttla Gecko Sec Gecko Sec Today, they’ve just been accepted into the world-famous Y Combinator accelerator, which has backed some of the world’s most successful Web3 companies like CoinBase, Filecoin and many more. According to the team, Gecko Sec lets Web3 developers build secure code quickly without wasting time on tools that don’t deliver results, or relying on one-time human pentests that quickly become outdated. As they continue to develop their groundbreaking software, they’re working on rolling this out for teams building on Polkadot. Writing code that is secure and safe is one of the biggest concerns for Web3 developers, with many millions of dollars spent on security audits every month in Web3 alone. EasyA gigabrains Jeevan Jutla and Artemiy Malyshau credit EasyA with helping them get off the ground and giving them the inspiration to succeed. “What started off at an EasyA hackathon has led to us getting backed by Y Combinator. Big shoutout to Phil and Dom for pushing us out of our comfort zone and getting us here!” said Artemiy Malyshau, Co-Founder of Gecko Sec. “What started off at an EasyA hackathon has led to us getting backed by Y Combinator. Big shoutout to Phil and Dom for pushing us out of our comfort zone and getting us here!” said Artemiy Malyshau, Co-Founder of Gecko Sec. Jeevan Juttla and Artemiy Malyshau have also got highly accomplished professional and educational backgrounds. Jeevan Juttla, CEO and Co-founder of Gecko Sec, graduated with a First Class Degree in Electrical Engineering from King’s College London. After graduating, Jeevan was hired by the UK government’s National Cyber Security Centre to secure the British Government’s data and subsequently joined Binance as a Security Engineer. Artemiy Malyshau also graduated with First Class Honours in Electrical Engineering from King’s College London, one of the UK’s top universities. Shortly after this, he earned a Master’s Degree with Distinction in Applied Computational Science and Engineering from Imperial College University. GeckoSec joins a long list of EasyA hackathon winners who’ve gone on to achieve storied success in blockchain. Other EasyA hackathon winners like Axal , founded by Harvard grad Ashlan Ahmed, have been backed by a16z and are planning to announce their latest fundraising round later this month. To date, EasyA alumni have already founded companies valued at nearly $3 billion. Axal Axal EasyA has received interest from VCs who want access to its startups pipeline. Although it won’t share the precise details yet, EasyA shares that it has its sights set on launching a fund designed to invest exclusively in its gigabrain community and hackathon winners. "Seeing our EasyA gigabrains go from launching at our hackathons to getting accepted into YC is testament to the talent density and founder spirit within the EasyA community. I’ve never seen anything quite like it.” said Dom Kwok, Co-Founder of EasyA. "Seeing our EasyA gigabrains go from launching at our hackathons to getting accepted into YC is testament to the talent density and founder spirit within the EasyA community. I’ve never seen anything quite like it.” said Dom Kwok, Co-Founder of EasyA. Much of the success of EasyA hackathon winners can be traced to the company’s co-founders, who have been instrumental in spotting young talent and nurturing them as founders. Users can go to any EasyA hackathon and find Phil and Dom on the ground, inspiring developers to launch the next unicorns. EasyA co-founders Phil and Dom have been active in blockchain for over 10 years. Prior to EasyA, Phil worked at prestigious law firm Sullivan & Cromwell and Dom worked at the world’s largest Private Equity firm, The Blackstone Group. Their educational backgrounds have also given them, and EasyA, a unique pipeline of talented founders across the US and Europe. Phil was a top scholar at Cambridge University, and Dom studied at the Wharton School, University of Pennsylvania, where he graduated Cum Laude as a Joseph Wharton and Benjamin Franklin Scholar. According to Phil and Dom, they’re just getting started. Numerous high-profile fundraising announcements are coming out of the EasyA community over the coming months. About EasyA EasyA is one of Web3’s most popular apps, making it possible for anyone to learn about Web3 right from their phones. Learners earn rewards for mastering new skills, and the best ones are invited to in-person hackathons to launch their startups in world-leading hubs like San Francisco, London and Singapore. EasyA EasyA EasyA alumni have founded startups valued at nearly $3 billion and have raised from top VCs like a16z, Founders Fund, YC and many more. Launched by brothers Phil and Dom Kwok, top grads from the University of Cambridge and The Wharton School respectively, EasyA has over 1 million users and has won Apple’s highly-coveted App of the Day award. Users can learn more: https://www.easya.io/ https://www.easya.io/ https://www.easya.io/ Contact Dom Kwok dom@easya.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here

EasyA x Polkadot Hackathon Winners Accepted To YCombinator To Secure Web3

تم قبول الفائزين في EasyA x Polkadot Hackathon في YCombinator لتأمين Web3

Los ganadores del hackathon EasyA x Polkadot fueron aceptados en YCombinator para proteger la Web3

EasyA x Polkadot Hackathon -voittajat hyväksyttiin YCombinatoriin suojattuun Web3:een

Pobjednici EasyA x Polkadot hackathona primljeni su u YCombinator kako bi osigurali Web3

Az EasyA x Polkadot Hackathon győzteseit elfogadták az YCombinatorba a biztonságos web3 érdekében

EasyA x Polkadot ハッカソンの優勝者が Web3 のセキュリティ確保のため YCombinator に採用される

EasyA x Polkadot Hackathon жеңімпаздары Web3 қауіпсіздігін қамтамасыз ету үшін YCombinator жүйесіне қабылданды

ຜູ້ຊະນະ EasyA x Polkadot Hackathon ຍອມຮັບກັບ YCombinator ເພື່ອຮັບປະກັນ Web3

Победители хакатона EasyA x Polkadot приняты в YCombinator для защиты Web3

Fituesit e EasyA x Polkadot Hackathon pranohen në YCombinator për të siguruar Web3

EasyA x Polkadot Hackathon جیتنے والوں کو Web3 کو محفوظ بنانے کے لیے YCombinator کو قبول کر لیا گیا

Những người chiến thắng cuộc thi Hackathon EasyA x Polkadot được YCombinator chấp nhận để bảo mật Web3

Material10 is a next-generation game publisher developed by Co-Founder and CEO Maitham Mohamed. Material10 is focused on creating engaging multiplayer games with a new business model pioneering open economies, redefining the gaming industry by taking advantage of their unique business model to solve core problems in the traditional free-to-play model. Having raised over $2 million and put together a team with experience working on titles such as Ghost Recon, Tom Clancy's Rainbow Six Siege, and GTA, among others, Material10 is poised to make a major impact on the gaming industry. How does Material10 Work? Material10 got its start when the company recognized a need for a new business model in gaming monetization. Current models either charge an up-front purchase cost or rely on pay-to-win microtransactions. Recent trends in the industry have been attempting to combine these two common methods, much to the frustration of players. With advancements in blockchain technology, they realized they could tap into entirely new business models since it was now possible to create secondary markets where players could trade in-game virtual items with each other, and royalties/taxes could be enforced. They aim to challenge traditional models by focusing completely on secondary monetization, generating revenue by taxing player-to-player trades rather than selling in-game items directly. With this model, Material10 is optimizing for a robust player economy that operates far more independently than direct primary monetization. Barriers to Entry in Traditional Systems Most free-to-play models tend to create artificial barriers for players, such as paywalls and reliance on microtransactions to progress or gain a competitive edge in the game. These models often foster discontent and quickly decrease engagement. The best kinds of free-to-play models often rely on “skins,” which players can purchase for a simple cosmetic alteration. However, these models struggle to stay afloat without big spenders, falling flat if the game doesn’t take off. Material10’s model is a solution to the problems that have plagued free-to-play models since the beginning. Material10 simply makes all in-game items accessible for free, allowing players to engage deeply with the game without any financial barriers to play. The primary form of monetization will be a tax on player-to-player trades, creating a sustainable revenue model that emphasizes player engagement with both the game and each other. This system is designed to naturally create a player community and build overall satisfaction. An Experienced Vision for Accessibility As a gamer himself, Maitham recognized the potential of an in-game economy where the items were accessible to everyone. “Growing up, I spent a lot of my time playing video games and was such a huge FIFA Ultimate Team Player,” Maitham recalls. “The game had a deep economy where you could trade and purchase in-game players, but they were often quite expensive. I was only 12 years old, and obviously, my parents didn’t give me money for in-game items, especially after already buying the game for me, so I had to figure out a way to make money trading these in-game items within their markets within the game to make enough ‘FIFA coins’ so I could purchase my favorite players. This really gave me an intuitive understanding of how open economies within video games can work, and it’s exactly why I'm working on Material10.” Maitham’s Success with Material10 Maitham’s work has earned him a spot on Forbes 30 Under 30 in the Sports & Gaming category. His background in investment banking, corporate finance, and leading digital asset projects has provided him with the experience he needs to position Material10 as a leader in the gaming space. Maitham worked hard to raise funding for his new venture using strategic thinking and industry knowledge and secured $2 million from leading investors, including Blockchain Founders Fund, Big Brain Holdings, GSR, Trousdale Ventures, and Monoceros. New Model, Fresh Experience Building off of their unique and innovative approach to in-game economies, Material10 has now set about creating a fresh gameplay experience. The company is developing games like Project Fallen, a third-person shooter and real-time strategy lite experience where players control squads of soldiers while leveraging a drone-based aerial view. The game will emphasize pulling off tactical moves in the third-person while executing high-level strategies from above. The project will utilize Material10’s new business model, aiming to fundamentally change the free-to-play experience and realize the full potential of monetization. Material10 expects this approach to enhance player engagement while aligning with modern expectations of fairness and transparency in gaming, a far cry from traditional pay-to-win models. Leading Gaming into the Future Material10 aims to be a leader in next-generation gaming, continuously reinventing what is possible in their space with new economic systems and community engagement tools. The company is committed to creating immersive, player-driven experiences that oppose traditional pay-to-win models, redefining the gaming landscape with a focus on sustainability, player satisfaction, and long-term engagement. Material10 is a next-generation game publisher developed by Co-Founder and CEO Maitham Mohamed. Material10 is focused on creating engaging multiplayer games with a new business model pioneering open economies, redefining the gaming industry by taking advantage of their unique business model to solve core problems in the traditional free-to-play model. Having raised over $2 million and put together a team with experience working on titles such as Ghost Recon, Tom Clancy's Rainbow Six Siege , and GTA , among others, Material10 is poised to make a major impact on the gaming industry. Ghost Recon, Tom Clancy's Rainbow Six Siege GTA How does Material10 Work? Material10 got its start when the company recognized a need for a new business model in gaming monetization. Current models either charge an up-front purchase cost or rely on pay-to-win microtransactions. Recent trends in the industry have been attempting to combine these two common methods, much to the frustration of players. With advancements in blockchain technology, they realized they could tap into entirely new business models since it was now possible to create secondary markets where players could trade in-game virtual items with each other, and royalties/taxes could be enforced. They aim to challenge traditional models by focusing completely on secondary monetization, generating revenue by taxing player-to-player trades rather than selling in-game items directly. With this model, Material10 is optimizing for a robust player economy that operates far more independently than direct primary monetization. Barriers to Entry in Traditional Systems Most free-to-play models tend to create artificial barriers for players, such as paywalls and reliance on microtransactions to progress or gain a competitive edge in the game. These models often foster discontent and quickly decrease engagement. The best kinds of free-to-play models often rely on “skins,” which players can purchase for a simple cosmetic alteration. However, these models struggle to stay afloat without big spenders, falling flat if the game doesn’t take off. Material10’s model is a solution to the problems that have plagued free-to-play models since the beginning. Material10 simply makes all in-game items accessible for free, allowing players to engage deeply with the game without any financial barriers to play. The primary form of monetization will be a tax on player-to-player trades, creating a sustainable revenue model that emphasizes player engagement with both the game and each other. This system is designed to naturally create a player community and build overall satisfaction. An Experienced Vision for Accessibility As a gamer himself, Maitham recognized the potential of an in-game economy where the items were accessible to everyone. “Growing up, I spent a lot of my time playing video games and was such a huge FIFA Ultimate Team Player,” Maitham recalls. “The game had a deep economy where you could trade and purchase in-game players, but they were often quite expensive. I was only 12 years old, and obviously, my parents didn’t give me money for in-game items, especially after already buying the game for me, so I had to figure out a way to make money trading these in-game items within their markets within the game to make enough ‘FIFA coins’ so I could purchase my favorite players. This really gave me an intuitive understanding of how open economies within video games can work, and it’s exactly why I'm working on Material10.” Maitham’s Success with Material10 Maitham’s work has earned him a spot on Forbes 30 Under 30 in the Sports & Gaming category. His background in investment banking, corporate finance, and leading digital asset projects has provided him with the experience he needs to position Material10 as a leader in the gaming space. Maitham worked hard to raise funding for his new venture using strategic thinking and industry knowledge and secured $2 million from leading investors, including Blockchain Founders Fund, Big Brain Holdings, GSR, Trousdale Ventures, and Monoceros. New Model, Fresh Experience Building off of their unique and innovative approach to in-game economies, Material10 has now set about creating a fresh gameplay experience. The company is developing games like Project Fallen , a third-person shooter and real-time strategy lite experience where players control squads of soldiers while leveraging a drone-based aerial view. The game will emphasize pulling off tactical moves in the third-person while executing high-level strategies from above. Project Fallen The project will utilize Material10’s new business model, aiming to fundamentally change the free-to-play experience and realize the full potential of monetization. Material10 expects this approach to enhance player engagement while aligning with modern expectations of fairness and transparency in gaming, a far cry from traditional pay-to-win models. Leading Gaming into the Future Material10 aims to be a leader in next-generation gaming, continuously reinventing what is possible in their space with new economic systems and community engagement tools. The company is committed to creating immersive, player-driven experiences that oppose traditional pay-to-win models, redefining the gaming landscape with a focus on sustainability, player satisfaction, and long-term engagement.

Material10: The Startup That’s Breaking All the Rules in Gaming

Material10: الشركة الناشئة التي تكسر كل القواعد في مجال الألعاب

উপাদান 10: স্টার্টআপ যা গেমিংয়ের সমস্ত নিয়ম ভঙ্গ করছে

Material10: La startup que rompe todas las reglas en el mundo de los videojuegos

Material10: ゲーム業界のあらゆるルールを破るスタートアップ

10 medžiaga: visas žaidimų taisykles pažeidžiantis startuolis

Material10: Startup-ul care încalcă toate regulile în domeniul jocurilor

Material10: සූදු ක්‍රීඩාවේ සියලුම නීති කඩ කරන ආරම්භය

Material10: Bilawga Jabiya Dhamaan Shuruucda Ciyaaraha

Material10: Startupen som bryter mot alla spelregler

பொருள் 10: கேமிங்கில் உள்ள அனைத்து விதிகளையும் மீறும் தொடக்கம்

Material10: Оғоз, ки тамоми қоидаҳоро дар бозиҳо вайрон мекунад

Material10: O'yindagi barcha qoidalarni buzadigan startap

**SINGAPORE, Singapore, September 13th, 2024/Chainwire/--**SynFutures, the leading DeFi derivatives protocol, today announced the second edition of Borderless Summit , the first crypto event series dedicated to bridging East and West and offering global perspectives on some of the most timely topics in Web3. The summit will be held at Sofitel Singapore City Centre on September 17, 2024, during TOKEN2049 Singapore and explore the evolution of the Web3 user experience. With a diverse lineup of speakers from Base, Dragonfly Capital, 1inch, Founders Fund, Framework Ventures, Agora, and more leading Web3 organizations, Borderless Summit will offer a unique platform for diverse cross-border perspectives on trending narratives. The half-day summit will take place during the TOKEN2049 activities and feature panel discussions and a networking happy hour. Speakers include: ​​Sergej Kunz, Co-Founder at 1inch


Haseeb Qureshi, Managing Partner at Dragonfly Capital


Vance Spencer, Co-Founder at Framework Ventures


Nick Matthew, Investor at Standard Crypto


Eugene Ng, Co-Founder at DWF Labs/OpenEden


Eric Brown, Senior Developer Advocate at Base


Simon Baksys, VP of BD at LayerZero Labs


Mr. Block, Core Team at Puffer & Curve.fi


Joey Anthony, Head of Infrastructure, Monad


Jocy, Founding Partner, IOSG Ventures


Mark Lee, Partner and CMO at SynFutures


Ryan Kim, Founding Partner at Hashed


Joey Krug, Partner at Founders Fund


Nick van Eck, Co-Founder and CEO at Agora


Mike Silagadze, CEO at Ether.fi


Maarten Henskens, Head of Growth at Soneium


Shuyao Kong, Co-Founder at MegaETH


Paul Frambot, Co-Founder and CEO at Morpho Labs


Antonio Garcia-Martinez, CEO & Founder, Spindl


Irene Zhao of Asianmom


Chris Carapola, Co-Founder and CEO at Curvance


TN, Founder at Pendle


Jeff Liu, Co-Founder and CEO at Fuzzland Inc


Tigran Bolshoi, Co-founder, Kinetex Network


Jon Jones, Co-Founder & CBO at Supra


Fred Hsu, CEO & Co-Founder, D3


Uwe Cerron, Core Contributor, Convergence "We are thrilled to host Borderless Summit in Singapore during one of the biggest Web3 conferences of the year," said Rachel Lin, co-founder and CEO at SynFutures. “This event represents a unique opportunity to not only explore one of the biggest trends in Web3 but gather some of the most brilliant minds across the world together in one room.” Borderless Summit will be held on Tuesday, September, from 1:30 to 7:30 PM GMT+8. Registration will begin at 1:30 PM. For the full agenda, see the event page. The event is organized by SynFutures. Fuzzland is a Diamond Sponsor. D3, Kinetex Network, and Supra are Gold Sponsors, and zkLink, Zomma Protocol, and Yay! are Silver Sponsors. Media partners include ​Wu Blockchain, CoinPost, BlockBeats, Token Post, Xangle, Traders Guild, PANews, Beincrypto, Foresight News, Cryptonews, Moongate, Talkchain Malaysia, Cointelegram, Coindesk Indonesia, Cointelegraph Japan, The Coin Republic, CryptoWesearch, and Bitcoin Addict. Registration and Additional Information To register for Borderless Summit 2024 and for more details about the event, visit https://lu.ma/borderlesssummit2. About Borderless Summit Borderless Summit is the first crypto event series dedicated to bridging East and West. Designed to help founders and builders better navigate global markets, Borderless Summit offers a unique platform for diverse cross-border perspectives on trending narratives in Web3. For more information, go to https://lu.ma/borderlesssummit2. About SynFutures SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry's first-ever unified AMM and onchain order book model. Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and the team has extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities. Contact CMO Mark Lee SynFutures mark.lee@synfutures.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. **SINGAPORE, Singapore, September 13th, 2024/Chainwire/--**SynFutures, the leading DeFi derivatives protocol, today announced the second edition of Borderless Summit , the first crypto event series dedicated to bridging East and West and offering global perspectives on some of the most timely topics in Web3. The summit will be held at Sofitel Singapore City Centre on September 17, 2024, during TOKEN2049 Singapore and explore the evolution of the Web3 user experience. With a diverse lineup of speakers from Base, Dragonfly Capital, 1inch, Founders Fund, Framework Ventures, Agora, and more leading Web3 organizations, Borderless Summit will offer a unique platform for diverse cross-border perspectives on trending narratives. The half-day summit will take place during the TOKEN2049 activities and feature panel discussions and a networking happy hour. Speakers include: ​​Sergej Kunz, Co-Founder at 1inch Haseeb Qureshi, Managing Partner at Dragonfly Capital Vance Spencer, Co-Founder at Framework Ventures Nick Matthew, Investor at Standard Crypto Eugene Ng, Co-Founder at DWF Labs/OpenEden Eric Brown, Senior Developer Advocate at Base Simon Baksys, VP of BD at LayerZero Labs Mr. Block, Core Team at Puffer & Curve.fi Joey Anthony, Head of Infrastructure, Monad Jocy, Founding Partner, IOSG Ventures Mark Lee, Partner and CMO at SynFutures Ryan Kim, Founding Partner at Hashed Joey Krug, Partner at Founders Fund Nick van Eck, Co-Founder and CEO at Agora Mike Silagadze, CEO at Ether.fi Maarten Henskens, Head of Growth at Soneium Shuyao Kong, Co-Founder at MegaETH Paul Frambot, Co-Founder and CEO at Morpho Labs Antonio Garcia-Martinez, CEO & Founder, Spindl Irene Zhao of Asianmom Chris Carapola, Co-Founder and CEO at Curvance TN, Founder at Pendle Jeff Liu, Co-Founder and CEO at Fuzzland Inc Tigran Bolshoi, Co-founder, Kinetex Network Jon Jones, Co-Founder & CBO at Supra Fred Hsu, CEO & Co-Founder, D3 Uwe Cerron, Core Contributor, Convergence ​​Sergej Kunz, Co-Founder at 1inch ​​Sergej Kunz, Co-Founder at 1inch Haseeb Qureshi, Managing Partner at Dragonfly Capital Haseeb Qureshi, Managing Partner at Dragonfly Capital Vance Spencer, Co-Founder at Framework Ventures Vance Spencer, Co-Founder at Framework Ventures Nick Matthew, Investor at Standard Crypto Nick Matthew, Investor at Standard Crypto Eugene Ng, Co-Founder at DWF Labs/OpenEden Eugene Ng, Co-Founder at DWF Labs/OpenEden Eric Brown, Senior Developer Advocate at Base Eric Brown, Senior Developer Advocate at Base Simon Baksys, VP of BD at LayerZero Labs Simon Baksys, VP of BD at LayerZero Labs Mr. Block, Core Team at Puffer & Curve.fi Mr. Block, Core Team at Puffer & Curve.fi Joey Anthony, Head of Infrastructure, Monad Joey Anthony, Head of Infrastructure, Monad Jocy, Founding Partner, IOSG Ventures Jocy, Founding Partner, IOSG Ventures Mark Lee, Partner and CMO at SynFutures Mark Lee, Partner and CMO at SynFutures Ryan Kim, Founding Partner at Hashed Ryan Kim, Founding Partner at Hashed Joey Krug, Partner at Founders Fund Joey Krug, Partner at Founders Fund Nick van Eck, Co-Founder and CEO at Agora Nick van Eck, Co-Founder and CEO at Agora Mike Silagadze, CEO at Ether.fi Mike Silagadze, CEO at Ether.fi Maarten Henskens, Head of Growth at Soneium Maarten Henskens, Head of Growth at Soneium Shuyao Kong, Co-Founder at MegaETH Shuyao Kong, Co-Founder at MegaETH Paul Frambot, Co-Founder and CEO at Morpho Labs Paul Frambot, Co-Founder and CEO at Morpho Labs Antonio Garcia-Martinez, CEO & Founder, Spindl Antonio Garcia-Martinez, CEO & Founder, Spindl Irene Zhao of Asianmom Irene Zhao of Asianmom Chris Carapola, Co-Founder and CEO at Curvance Chris Carapola, Co-Founder and CEO at Curvance TN, Founder at Pendle TN, Founder at Pendle Jeff Liu, Co-Founder and CEO at Fuzzland Inc Jeff Liu, Co-Founder and CEO at Fuzzland Inc Tigran Bolshoi, Co-founder, Kinetex Network Tigran Bolshoi, Co-founder, Kinetex Network Jon Jones, Co-Founder & CBO at Supra Jon Jones, Co-Founder & CBO at Supra Fred Hsu, CEO & Co-Founder, D3 Fred Hsu, CEO & Co-Founder, D3 Uwe Cerron, Core Contributor, Convergence Uwe Cerron, Core Contributor, Convergence "We are thrilled to host Borderless Summit in Singapore during one of the biggest Web3 conferences of the year," said Rachel Lin, co-founder and CEO at SynFutures. “This event represents a unique opportunity to not only explore one of the biggest trends in Web3 but gather some of the most brilliant minds across the world together in one room.” "We are thrilled to host Borderless Summit in Singapore during one of the biggest Web3 conferences of the year," said Rachel Lin, co-founder and CEO at SynFutures. “This event represents a unique opportunity to not only explore one of the biggest trends in Web3 but gather some of the most brilliant minds across the world together in one room.” Borderless Summit will be held on Tuesday, September, from 1:30 to 7:30 PM GMT+8. Registration will begin at 1:30 PM. For the full agenda, see the event page . event page event page The event is organized by SynFutures. Fuzzland is a Diamond Sponsor. D3, Kinetex Network, and Supra are Gold Sponsors, and zkLink, Zomma Protocol, and Yay! are Silver Sponsors. Media partners include ​Wu Blockchain, CoinPost, BlockBeats, Token Post, Xangle, Traders Guild, PANews, Beincrypto, Foresight News, Cryptonews, Moongate, Talkchain Malaysia, Cointelegram, Coindesk Indonesia, Cointelegraph Japan, The Coin Republic, CryptoWesearch, and Bitcoin Addict. Registration and Additional Information To register for Borderless Summit 2024 and for more details about the event, visit https://lu.ma/borderlesssummit2 . https://lu.ma/borderlesssummit2 https://lu.ma/borderlesssummit2 About Borderless Summit Borderless Summit is the first crypto event series dedicated to bridging East and West. Designed to help founders and builders better navigate global markets, Borderless Summit offers a unique platform for diverse cross-border perspectives on trending narratives in Web3. For more information, go to https://lu.ma/borderlesssummit2 . https://lu.ma/borderlesssummit2 https://lu.ma/borderlesssummit2 About SynFutures SynFutures is a decentralized perpetual futures protocol that facilitates open and transparent trading on any assets and listings instantly. The V3 Oyster AMM launched the industry's first-ever unified AMM and onchain order book model. Backers include Tier 1 Web3 institutional investors Pantera Capital, Polychain Capital, Susquehanna International Group (SIG), Dragonfly Capital, Standard Crypto, and Framework Ventures, and the team has extensive experience at global financial institutions, fintech companies and blockchain technology companies such as Alipay, Bitmain, Credit Suisse, Deutsche Bank, Matrixport, and Nomura Securities. Contact CMO Mark Lee SynFutures mark.lee@synfutures.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

Borderless Summit To Explore The Era Of Consumer-First Web3 During TOKEN2049 Singapore

قمة بلا حدود لاستكشاف عصر Web3 الذي يركز على المستهلك خلال TOKEN2049 سنغافورة

Borderless Summit za istraživanje ere Consumer-First Web3 tokom TOKEN2049 Singapur

La cumbre sin fronteras explorará la era de la Web3 centrada en el consumidor durante TOKEN2049 Singapur

Mugarik gabeko gailurra Kontsumitzaileen lehen web 3aren garaia aztertzeko TOKEN2049 Singapurren zehar

Անսահման գագաթնաժողով՝ ուսումնասիրելու սպառողների առաջին վեբի դարաշրջանը TOKEN2049 Սինգապուրի ժամանակ

ボーダーレスサミット、TOKEN2049シンガポールで消費者第一のWeb3時代を探る

Vovonana tsy misy sisintany hijerena ny vanim-potoanan'ny mpanjifa-voalohany Web3 mandritra ny TOKEN2049 Singapore

TOKEN2049 Сингапурын үеэр хэрэглэгчийн анхны вэб3-ын эрин үеийг судлах хил хязгааргүй дээд хэмжээний уулзалт

Cumbre Sin Fronteras Explorar La Era De Consumidor-Primero Web3 TOKEN2049 Singapur Kachkaptin

සිංගප්පූරුවේ TOKEN2049 අතරතුර පාරිභෝගික-පළමු Web3 යුගය ගවේෂණය කිරීමට දේශසීමා රහිත සමුළුව

Саміт без кордонів, щоб дослідити еру Consumer-First Web3 під час TOKEN2049 Сінгапур

TOKEN2049 سنگاپور کے دوران کنزیومر فرسٹ ویب 3 کے دور کو دریافت کرنے کے لیے بارڈر لیس سمٹ

Beacon, a leading web3 accelerator founded by Polygon co-founder Sandeep Nailwal, has unveiled its fourth and largest cohort to date. The program has selected 17 promising startups for its latest three-month accelerator, marking a significant expansion from previous cohorts. The new group includes some of the most high-profile companies in Beacon's history, with several already backed by prominent venture capital firms such as Andreessen Horowitz (a16z), Founders Fund, Pantera Capital, and Polychain Capital. The startups span various sectors within the web3 space, including decentralized finance (DeFi), infrastructure, and artificial intelligence (AI). “We're thrilled to welcome our largest and most diverse cohort so far,” said Sandeep Nailwal, co-founder of Polygon and Beacon. “The caliber of companies joining us is truly exceptional, and we're excited to see how, with the aid of our mentorship and resources, they will shape the future of web3 and beyond.” Notable Participants and Their Innovations Among the standout companies in the cohort are: Stakestone: An omni-chain liquid staking token protocol enhancing staking yields and liquidity on Layer 2s.


EXO: Enables users to run their own AI clusters at home using everyday devices.


Nubit: A scalable, cost-efficient data availability layer secured by Bitcoin, empowering applications like Ordinals and Layer 2s.


Aligned Layer: A decentralized network that verifies zero-knowledge proofs and posts the results to Ethereum.


eoracle: A programmable data layer that connects smart contracts with real-world data by extending Ethereum's Proof of Stake. Building on Past Successes The announcement comes after the graduation of Beacon's successful S23 cohort, which comprised 10 companies. Alumni such as scalable data availability layer 0G and verifiable oracle protocol ORA have achieved unicorn status since completing the program. ORA secured $20 million in funding led by Polychain Capital, while Inco, a universal confidentiality layer, closed a $4.5 million seed round led by 1kx. “With the level of talent and innovation we're witnessing in this new group, we are entirely confident that they can emulate, if not surpass, their predecessors,” Nailwal added. The Full Cohort Lineup The complete list of companies in Beacon's S24 cohort includes: Avantis: Provides infrastructure for traders to access up to 100x leverage on major cryptocurrencies, forex, and commodities.


Compute Labs: Utilizes a Compute Tokenization Protocol to financialize AI and create compute derivatives.


Crynux: Founded by former Google engineers, building a permissionless and trustless protocol for decentralized AI.


EZKL: Offers a developer-friendly system for verifiable AI and analytics, powering various decentralized systems.


Lorenzo: A Bitcoin liquidity finance layer designed to meet global demand for Bitcoin liquidity across Layer 2s and DeFi platforms.


Nodekit: Developing Javelin, a solution aimed at restoring composability to rollups.


Othentic: Provides infrastructure for building distributed services, simplifying development on EigenLayer.


PADO: A decentralized zkAttestation and computation network aiming to unlock internet data for Web3.


Pallet: A hub for digital culture, community, and ownership built on the Sei network.


Pin AI: An open platform for personal AI, leveraging open-source technology and crypto for data ownership and privacy.


TAC: TON App Chain, an interoperability layer for the TON blockchain and EVM-based applications.


Warlock: Creating new primitives to disrupt and disintermediate the MEV (Miner Extractable Value) landscape. Beacon's decision to expand its cohort size may be a strategic move to capitalize on the growing momentum in the web3 sector. By supporting a larger and more diverse group of startups, the accelerator is positioning itself as a key player in shaping the future of decentralized technologies. The inclusion of companies backed by major venture capital firms also adds credibility to the program and could attract more high-quality applicants in the future. This move could foster a more collaborative environment where startups benefit not only from Beacon's resources but also from each other's experiences and networks. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Beacon , a leading web3 accelerator founded by Polygon co-founder Sandeep Nailwal, has unveiled its fourth and largest cohort to date. The program has selected 17 promising startups for its latest three-month accelerator, marking a significant expansion from previous cohorts. Beacon The new group includes some of the most high-profile companies in Beacon's history, with several already backed by prominent venture capital firms such as Andreessen Horowitz (a16z), Founders Fund, Pantera Capital, and Polychain Capital. The startups span various sectors within the web3 space, including decentralized finance (DeFi), infrastructure, and artificial intelligence (AI). “We're thrilled to welcome our largest and most diverse cohort so far,” said Sandeep Nailwal, co-founder of Polygon and Beacon. “The caliber of companies joining us is truly exceptional, and we're excited to see how, with the aid of our mentorship and resources, they will shape the future of web3 and beyond.” Notable Participants and Their Innovations Notable Participants and Their Innovations Among the standout companies in the cohort are: Stakestone: An omni-chain liquid staking token protocol enhancing staking yields and liquidity on Layer 2s. EXO: Enables users to run their own AI clusters at home using everyday devices. Nubit: A scalable, cost-efficient data availability layer secured by Bitcoin, empowering applications like Ordinals and Layer 2s. Aligned Layer: A decentralized network that verifies zero-knowledge proofs and posts the results to Ethereum. eoracle: A programmable data layer that connects smart contracts with real-world data by extending Ethereum's Proof of Stake. Stakestone: An omni-chain liquid staking token protocol enhancing staking yields and liquidity on Layer 2s. Stakestone : An omni-chain liquid staking token protocol enhancing staking yields and liquidity on Layer 2s. Stakestone EXO: Enables users to run their own AI clusters at home using everyday devices. EXO : Enables users to run their own AI clusters at home using everyday devices. EXO Nubit: A scalable, cost-efficient data availability layer secured by Bitcoin, empowering applications like Ordinals and Layer 2s. Nubit : A scalable, cost-efficient data availability layer secured by Bitcoin, empowering applications like Ordinals and Layer 2s. Nubit Aligned Layer: A decentralized network that verifies zero-knowledge proofs and posts the results to Ethereum. Aligned Layer : A decentralized network that verifies zero-knowledge proofs and posts the results to Ethereum. Aligned Layer eoracle: A programmable data layer that connects smart contracts with real-world data by extending Ethereum's Proof of Stake. eoracle : A programmable data layer that connects smart contracts with real-world data by extending Ethereum's Proof of Stake. eoracle Building on Past Successes Building on Past Successes The announcement comes after the graduation of Beacon's successful S23 cohort, which comprised 10 companies. Alumni such as scalable data availability layer 0G and verifiable oracle protocol ORA have achieved unicorn status since completing the program. ORA secured $20 million in funding led by Polychain Capital, while Inco, a universal confidentiality layer, closed a $4.5 million seed round led by 1kx. “With the level of talent and innovation we're witnessing in this new group, we are entirely confident that they can emulate, if not surpass, their predecessors,” Nailwal added. The Full Cohort Lineup The Full Cohort Lineup The complete list of companies in Beacon's S24 cohort includes: Avantis: Provides infrastructure for traders to access up to 100x leverage on major cryptocurrencies, forex, and commodities. Compute Labs: Utilizes a Compute Tokenization Protocol to financialize AI and create compute derivatives. Crynux: Founded by former Google engineers, building a permissionless and trustless protocol for decentralized AI. EZKL: Offers a developer-friendly system for verifiable AI and analytics, powering various decentralized systems. Lorenzo: A Bitcoin liquidity finance layer designed to meet global demand for Bitcoin liquidity across Layer 2s and DeFi platforms. Nodekit: Developing Javelin, a solution aimed at restoring composability to rollups. Othentic: Provides infrastructure for building distributed services, simplifying development on EigenLayer. PADO: A decentralized zkAttestation and computation network aiming to unlock internet data for Web3. Pallet: A hub for digital culture, community, and ownership built on the Sei network. Pin AI: An open platform for personal AI, leveraging open-source technology and crypto for data ownership and privacy. TAC: TON App Chain, an interoperability layer for the TON blockchain and EVM-based applications. Warlock: Creating new primitives to disrupt and disintermediate the MEV (Miner Extractable Value) landscape. Avantis: Provides infrastructure for traders to access up to 100x leverage on major cryptocurrencies, forex, and commodities. Avantis : Provides infrastructure for traders to access up to 100x leverage on major cryptocurrencies, forex, and commodities. Avantis Compute Labs: Utilizes a Compute Tokenization Protocol to financialize AI and create compute derivatives. Compute Labs : Utilizes a Compute Tokenization Protocol to financialize AI and create compute derivatives. Compute Labs Crynux: Founded by former Google engineers, building a permissionless and trustless protocol for decentralized AI. Crynux : Founded by former Google engineers, building a permissionless and trustless protocol for decentralized AI. Crynux EZKL: Offers a developer-friendly system for verifiable AI and analytics, powering various decentralized systems. EZKL : Offers a developer-friendly system for verifiable AI and analytics, powering various decentralized systems. EZKL Lorenzo: A Bitcoin liquidity finance layer designed to meet global demand for Bitcoin liquidity across Layer 2s and DeFi platforms. Lorenzo : A Bitcoin liquidity finance layer designed to meet global demand for Bitcoin liquidity across Layer 2s and DeFi platforms. Lorenzo Nodekit: Developing Javelin, a solution aimed at restoring composability to rollups. Nodekit : Developing Javelin, a solution aimed at restoring composability to rollups. Nodekit Othentic: Provides infrastructure for building distributed services, simplifying development on EigenLayer. Othentic : Provides infrastructure for building distributed services, simplifying development on EigenLayer. Othentic PADO: A decentralized zkAttestation and computation network aiming to unlock internet data for Web3. PADO : A decentralized zkAttestation and computation network aiming to unlock internet data for Web3. PADO Pallet: A hub for digital culture, community, and ownership built on the Sei network. Pallet : A hub for digital culture, community, and ownership built on the Sei network. Pallet Pin AI: An open platform for personal AI, leveraging open-source technology and crypto for data ownership and privacy. Pin AI : An open platform for personal AI, leveraging open-source technology and crypto for data ownership and privacy. Pin AI TAC: TON App Chain, an interoperability layer for the TON blockchain and EVM-based applications. TAC : TON App Chain, an interoperability layer for the TON blockchain and EVM-based applications. TAC Warlock: Creating new primitives to disrupt and disintermediate the MEV (Miner Extractable Value) landscape. Warlock : Creating new primitives to disrupt and disintermediate the MEV (Miner Extractable Value) landscape. Warlock Beacon's decision to expand its cohort size may be a strategic move to capitalize on the growing momentum in the web3 sector. By supporting a larger and more diverse group of startups, the accelerator is positioning itself as a key player in shaping the future of decentralized technologies. The inclusion of companies backed by major venture capital firms also adds credibility to the program and could attract more high-quality applicants in the future. This move could foster a more collaborative environment where startups benefit not only from Beacon's resources but also from each other's experiences and networks. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: business blogging program business blogging program

Beacon's Largest Cohort Signals Growing Momentum in Web3 Innovation

Η μεγαλύτερη κοόρτη της Beacon σηματοδοτεί αυξανόμενη ορμή στην καινοτομία Web3

La cohorte más grande de Beacon indica un impulso creciente en la innovación de la Web3

Kelompok Terbesar Beacon Menandakan Meningkatnya Momentum Inovasi Web3

ビーコンの最大規模のコホートがWeb3イノベーションの勢いの高まりを示唆

សញ្ញានៃក្រុមដ៏ធំបំផុតរបស់ Beacon ដែលកំពុងកើនឡើងនៅក្នុងការច្នៃប្រឌិត Web3

बीकनको सबैभन्दा ठूलो कोहोर्ट संकेतहरू Web3 नवाचारमा बढ्दो गति

Cea mai mare cohortă a lui Beacon semnalează creșterea impulsului în inovarea Web3

Крупнейшая когорта Beacon сигнализирует о растущем импульсе инноваций Web3

Беацон-ова највећа кохорта сигнали растући замах у Веб3 иновацијама

Web3 இன்னோவேஷனில் பெக்கனின் மிகப்பெரிய கோஹார்ட் சிக்னல்கள் வளரும் வேகம்

“Beacon” -yň “Web3” innowasiýasynda ösýän pursatdygyny görkezýär

Mayoqning eng katta kohort signallari Web3 innovatsiyasida o'sib borayotgan momentum

SAN FRANCISCO, CA, September 11th, 2024/Chainwire/--EasyA, the world's leading Web3 education app, proudly announces that it has surpassed one million downloads across iOS and Android. This milestone underscores EasyA’s rapid rise in popularity over the past few years as it’s quickly captured the minds of developers and crypto enthusiasts alike. As of today, over 100,000 developers have learned about Polkadot via EasyA. Founded in 2020 by brothers Phil and Dom Kwok, EasyA has swiftly become the go-to app for aspiring and experienced developers to learn and build on the world’s leading blockchains such as Polkadot and others. For many blockchains, EasyA has become the number 1 way developers find out about their tech. It’s also increasingly becoming one of the top drivers of developer activity on these blockchains. "Hitting 1 million downloads underscores just how popular EasyA’s become. But it’s not only developers who are loving EasyA. Blockchains do too. Demand for EasyA has absolutely blown us away. We currently have a waitlist of 12 months for new chains looking to launch on EasyA.” said Phil Kwok, CEO and Co-Founder of EasyA. Industry thought leaders have likened EasyA’s mobile approach to learning Web3 to that of Duolingo and how the popular app transformed language learning. In fact, one leading Polkadot community member recently referred to EasyA as “Duolingo, but twice as good.” And it’s clear that the world’s top developers love EasyA. Students from top universities across the world, from Harvard to Cambridge, credit EasyA with being the reason why they first got into Web3. “I tried learning Web3 by going to workshops or online bootcamps but always lost interest quickly. With EasyA, it’s so easy to learn about any chain I want, whenever I want. As soon as a new challenge drops in the app, I’m always one of the first to try and complete it, even if it sometimes means being late to lectures. Oops!” - Alexandra, Harvard junior and proud EasyA community member. EasyA is more than just a viral app; its popularity extends beyond the online sphere and is particularly evident in person. At any EasyA hackathon around the world, one of the first sights is often long lines of developers stretching around the block, sometimes forming hours before the event even begins. These developers are eager to launch their startups on-chain or meet EasyA’s charismatic founders, creating an atmosphere akin to a concert crowd. This summer, nearly 1,000 developers participated in EasyA’s Polkadot hackathons, resulting in the launch of 111 startups on Polkadot. At the CoinDesk Consensus conference in Austin, where Polkadot was a main sponsor, EasyA brought together the largest number of developers in the history of the world’s biggest blockchain conference. Over 100 startups were launched at that event alone, with many now successfully securing funding to further develop their ideas. EasyA has played a pivotal role in countless founders’ careers, with their hackathon winners going on to raise from the world’s best VCs like a16z, Founders Fund and more. Most recently, Cognition AI (a unicorn valued at over $2 billion), was founded by an EasyA hackathon winner. Given these successes, it’s not surprising that demand for EasyA hackathons has been so strong that EasyA currently hosts 1-2 of these events every month. But even with all of EasyA’s successes, its founders Phil and Dom say it’s still day one for the rocketship startup. Later this year, EasyA plans to launch its own fund to invest in startups founded by its community members, currently valued at over $2.5 billion. They’ve already begun their expansion into Asia, the world’s most populous continent. One thing’s for sure. With EasyA leading the charge, Web3 is no longer a pipe dream. About EasyA EasyA is one of Web3’s most popular apps, making it easy for anyone to learn about Web3 right from their phones. Learners earn rewards for mastering new skills and the best are invited to in-person hackathons to launch their startups in world-leading hubs like San Francisco, London and Singapore. EasyA alumni have founded startups valued at over $2.5 billion and have raised from top VCs like a16z, Founders Fund, YC and many more. Launched by brothers Phil and Dom Kwok, top grads from the University of Cambridge and The Wharton School, EasyA has over 1 million downloads and has won Apple’s highly-coveted App of the Day award. Users can learn more: https://www.easya.io/ Contact Co-Founder Dominic Kwok EasyA dom@easya.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. SAN FRANCISCO, CA, September 11th, 2024/Chainwire/--EasyA, the world's leading Web3 education app, proudly announces that it has surpassed one million downloads across iOS and Android. This milestone underscores EasyA’s rapid rise in popularity over the past few years as it’s quickly captured the minds of developers and crypto enthusiasts alike. As of today, over 100,000 developers have learned about Polkadot via EasyA. Founded in 2020 by brothers Phil and Dom Kwok, EasyA has swiftly become the go-to app for aspiring and experienced developers to learn and build on the world’s leading blockchains such as Polkadot and others. For many blockchains, EasyA has become the number 1 way developers find out about their tech. It’s also increasingly becoming one of the top drivers of developer activity on these blockchains. "Hitting 1 million downloads underscores just how popular EasyA’s become. But it’s not only developers who are loving EasyA. Blockchains do too. Demand for EasyA has absolutely blown us away. We currently have a waitlist of 12 months for new chains looking to launch on EasyA.” said Phil Kwok, CEO and Co-Founder of EasyA. "Hitting 1 million downloads underscores just how popular EasyA’s become. But it’s not only developers who are loving EasyA. Blockchains do too. Demand for EasyA has absolutely blown us away. We currently have a waitlist of 12 months for new chains looking to launch on EasyA.” said Phil Kwok, CEO and Co-Founder of EasyA. Industry thought leaders have likened EasyA’s mobile approach to learning Web3 to that of Duolingo and how the popular app transformed language learning. In fact, one leading Polkadot community member recently referred to EasyA as “Duolingo, but twice as good.” And it’s clear that the world’s top developers love EasyA. Students from top universities across the world, from Harvard to Cambridge, credit EasyA with being the reason why they first got into Web3. “I tried learning Web3 by going to workshops or online bootcamps but always lost interest quickly. With EasyA, it’s so easy to learn about any chain I want, whenever I want. As soon as a new challenge drops in the app, I’m always one of the first to try and complete it, even if it sometimes means being late to lectures. Oops!” - Alexandra, Harvard junior and proud EasyA community member. EasyA is more than just a viral app; its popularity extends beyond the online sphere and is particularly evident in person. At any EasyA hackathon around the world, one of the first sights is often long lines of developers stretching around the block, sometimes forming hours before the event even begins. These developers are eager to launch their startups on-chain or meet EasyA’s charismatic founders, creating an atmosphere akin to a concert crowd. This summer, nearly 1,000 developers participated in EasyA’s Polkadot hackathons, resulting in the launch of 111 startups on Polkadot. At the CoinDesk Consensus conference in Austin, where Polkadot was a main sponsor, EasyA brought together the largest number of developers in the history of the world’s biggest blockchain conference. Over 100 startups were launched at that event alone, with many now successfully securing funding to further develop their ideas. EasyA has played a pivotal role in countless founders’ careers, with their hackathon winners going on to raise from the world’s best VCs like a16z, Founders Fund and more. Most recently, Cognition AI (a unicorn valued at over $2 billion), was founded by an EasyA hackathon winner. Given these successes, it’s not surprising that demand for EasyA hackathons has been so strong that EasyA currently hosts 1-2 of these events every month. But even with all of EasyA’s successes, its founders Phil and Dom say it’s still day one for the rocketship startup. Later this year, EasyA plans to launch its own fund to invest in startups founded by its community members, currently valued at over $2.5 billion. They’ve already begun their expansion into Asia, the world’s most populous continent. One thing’s for sure. With EasyA leading the charge, Web3 is no longer a pipe dream. About EasyA EasyA is one of Web3’s most popular apps, making it easy for anyone to learn about Web3 right from their phones. Learners earn rewards for mastering new skills and the best are invited to in-person hackathons to launch their startups in world-leading hubs like San Francisco, London and Singapore. EasyA alumni have founded startups valued at over $2.5 billion and have raised from top VCs like a16z, Founders Fund, YC and many more. Launched by brothers Phil and Dom Kwok, top grads from the University of Cambridge and The Wharton School, EasyA has over 1 million downloads and has won Apple’s highly-coveted App of the Day award. Users can learn more: https://www.easya.io/ Contact Co-Founder Dominic Kwok EasyA dom@easya.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here here

EasyA Hits 1 Million Downloads, Becomes Key Platform For Polkadot Developer Education

EasyA হিট 1 মিলিয়ন ডাউনলোড, Polkadot বিকাশকারী শিক্ষার জন্য মূল প্ল্যাটফর্ম হয়ে উঠেছে

EasyA alcanza el millón de descargas y se convierte en una plataforma clave para la formación de desarrolladores de Polkadot

EasyA lataa miljoona latausta, ja siitä tulee polkadot-kehittäjäkoulutuksen keskeinen alusta

EasyA Capai 1 Juta Unduhan, Menjadi Platform Utama untuk Pendidikan Pengembang Polkadot

EasyA が 100 万ダウンロードを達成、Polkadot 開発者教育の主要プラットフォームに

EasyA 1 миллион жүктөөнү басып, Polkadot Developer билим берүү үчүн негизги платформа болуп калат

EasyA Ezui 1 Million Téléchargements, Ekomi Plateforme Clé Pona Éducation Ya Développeur Ya Polkadot

EasyA постигна 1 милион преземања, станува клучна платформа за образование за програмери на Polkadot

EasyA atinge 1 milhão de downloads e se torna uma plataforma essencial para a educação de desenvolvedores Polkadot

EasyA når 1 miljon nedladdningar, blir nyckelplattform för Polkadot-utvecklarutbildning

EasyA ба 1 миллион боргирӣ мерасад, платформаи калидӣ барои таълими таҳиягарони Polkadot мегардад

EasyA 1 million yuklamani bosib, Polkadot Developer ta'limi uchun asosiy platformaga aylanadi

In a bold move that merges two of the hottest tech trends, blockchain and artificial intelligence, a new startup is making waves in the industry. Sentient Labs, co-founded by Polygon's Sandeep Nailwal, has secured a whopping $85 million in seed funding to develop an open-source, decentralized AI platform. The Dubai-based company, which launched in January 2024, is setting its sights on industry giants like OpenAI and Google's Gemini. But what sets Sentient Labs apart is its unique approach to AI development. "We're not just another AI project," explains co-founder Himanshu Tyagi. "We're building an open world through blockchain to achieve transparency and fairness." This substantial funding round, co-led by Peter Thiel's Founders Fund, Pantera Capital, and Framework Ventures, signals strong investor confidence in Sentient's vision. The startup plans to use the funds to scale its engineering team and build a supportive ecosystem for developers. At the heart of Sentient's strategy is the Open, Monetizable, and Loyal (OML) model. This approach aims to reward community contributions fairly, addressing a long-standing concern in the open-source world. "When our AI is used, everyone who contributed will be rewarded through the blockchain protocol," Tyagi told reporters. While the concept of combining crypto and AI isn't entirely new, Sentient's focus is unique. According to Dr. Sarah Johnson, a blockchain analyst at Tech Futures Institute, "Most crypto-AI projects explore AI use cases for specific cryptocurrencies. Sentient is flipping the script by leveraging what crypto can do for AI." Final Thoughts The road ahead for Sentient Labs is ambitious but not without challenges. The team plans to launch its testnet within two months, a crucial step in proving the viability of their concept. However, some industry experts remain skeptical. "Building a decentralized AI infrastructure that can compete with tech giants is a monumental task," notes Mark Chen, a venture capitalist specializing in AI startups. As Sentient Labs embarks on this journey, the tech world will be watching closely. If successful, it could reshape the AI landscape, offering a more transparent and equitable alternative to the current centralized models. Only time will tell if this blockchain-powered David can truly take on the AI Goliaths. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. In a bold move that merges two of the hottest tech trends, blockchain and artificial intelligence, a new startup is making waves in the industry. Sentient Labs, co-founded by Polygon's Sandeep Nailwal , has secured a whopping $85 million in seed funding to develop an open-source, decentralized AI platform. Sandeep Nailwal The Dubai-based company, which launched in January 2024, is setting its sights on industry giants like OpenAI and Google's Gemini. But what sets Sentient Labs apart is its unique approach to AI development. "We're not just another AI project," explains co-founder Himanshu Tyagi. "We're building an open world through blockchain to achieve transparency and fairness." This substantial funding round, co-led by Peter Thiel's Founders Fund, Pantera Capital, and Framework Ventures, signals strong investor confidence in Sentient's vision. The startup plans to use the funds to scale its engineering team and build a supportive ecosystem for developers. At the heart of Sentient's strategy is the Open, Monetizable, and Loyal (OML) model. This approach aims to reward community contributions fairly, addressing a long-standing concern in the open-source world. "When our AI is used, everyone who contributed will be rewarded through the blockchain protocol," Tyagi told reporters. While the concept of combining crypto and AI isn't entirely new, Sentient's focus is unique. According to Dr. Sarah Johnson, a blockchain analyst at Tech Futures Institute, "Most crypto-AI projects explore AI use cases for specific cryptocurrencies. Sentient is flipping the script by leveraging what crypto can do for AI." Final Thoughts The road ahead for Sentient Labs is ambitious but not without challenges. The team plans to launch its testnet within two months, a crucial step in proving the viability of their concept. However, some industry experts remain skeptical. "Building a decentralized AI infrastructure that can compete with tech giants is a monumental task," notes Mark Chen, a venture capitalist specializing in AI startups. As Sentient Labs embarks on this journey, the tech world will be watching closely. If successful, it could reshape the AI landscape, offering a more transparent and equitable alternative to the current centralized models. Only time will tell if this blockchain-powered David can truly take on the AI Goliaths. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR. Vested Interest Disclosure: business blogging program business blogging program

Sentient Labs Raises $85M to Challenge OpenAI, Anthropic and Gemini

সেন্টিয়েন্ট ল্যাবগুলি OpenAI, নৃতাত্ত্বিক এবং জেমিনিকে চ্যালেঞ্জ করতে $85M সংগ্রহ করেছে৷

Sentient Labs sammelt 85 Millionen US-Dollar ein, um OpenAI, Anthropic und Gemini herauszufordern

Sentient Labs recauda 85 millones de dólares para desafiar a OpenAI, Anthropic y Gemini

Sentient Labs lève 85 millions de dollars pour défier OpenAI, Anthropic et Gemini

सेंटिएंट लैब्स ने ओपनएआई, एंथ्रोपिक और जेमिनी को चुनौती देने के लिए 85 मिलियन डॉलर जुटाए

Sentient LabsがOpenAI、Anthropic、Geminiに挑戦するため8500万ドルを調達

Sentient Labs, OpenAI, Anthropic 및 Gemini에 도전하기 위해 8,500만 달러 모금

Sentient Labs levanta US$ 85 milhões para desafiar OpenAI, Anthropic e Gemini

Sentient Labs собирает 85 миллионов долларов, чтобы бросить вызов OpenAI, Anthropic и Gemini

Sentient Labs, OpenAI, Anthropic ve Gemini'ye meydan okumak için 85 milyon dolar topladı

Sentient Labs huy động được 85 triệu USD để thách thức OpenAI, Anthropic và Gemini

Sentient Labs 融资 8500 万美元，挑战 OpenAI、Anthropic 和 Gemini

By Mostofa Adib Shakib In the rapidly evolving landscape of technology, I find myself pondering a significant question as a software engineer: Will Devin AI take my job or merely serve as another tool in our expansive arsenal? For those unfamiliar with the name, Devin is not your average newcomer to the tech scene. It's the moniker given to the world's first AI Software Engineer, developed by the visionary minds at Cognition Labs. Since its inception in November 2023, Cognition Labs has secured**$21 million** in funding, notably fromPeter Thiel's Founders Fund and former Twitter executive Elad Gil. Thiel, celebrated for co-founding PayPal and being the first outside investor in Facebook, marks the caliber of faith vested in this endeavor. On March 12, 2024, Cognition Labs unveiled Devin through a series of videos, showcasing the capabilities of this fully autonomous AI, which has sent ripples through the tech community, sparking debates on job security across all levels of software engineering. Behind this groundbreaking innovation is Scott Wu, leading a small yet extraordinarily talented team at Cognition Labs. Comprising 10 individuals, each a gold medalist from the International Olympiads in Informatics (IOI), their team's pedigree is unmatched. Wu, a Harvard-educated math prodigy, boasts an impressive resume, including three IOI gold medals with perfect scores in 2014, and holds the title of Legendary Grandmaster on Codeforces. His journey from a math enthusiast to the co-founder and CTO of Lunchclub, an AI-powered networking platform, alongside his brother Neal Wu, a fellow prodigy and co-founder of Cognition Labs, lays the foundation for Devin's creation. The Wu brothers' unique combination of mathematical brilliance and entrepreneurial spirit is the driving force behind the development of Devin, positioning Cognition Labs at the forefront of AI innovation in software engineering. So, what exactly can Devin do? According to Cognition Labs' demonstrations, Devin is 9% better at solving real Software Engineering tasks compared to all the existing models and capable of self-training, identifying bugs in code, and resolving issues on platforms like GitHub and Upwork. Today I will gauge the impact of this AI on the industry, and analyze the claims made by Cognition Lab on Devin’s capabilities. While Devin is impressive, I see it as something other than replacing me or being able to perform the tasks I did during my time as a Software Engineer at Snapchat. The problems solved by Devin in one of the 5 videos released by Cognition Labs had clear instructions and guidelines. However, in the real world, problems are often ambiguous, and sometimes we need to first figure out what exactly we are solving, and to do that cross-functional communication between several teams is needed. At Snapchat, one time I worked on a bug that blacklisted Snapchat in Samsung’s multi-hierarchy window for a few months. To solve this issue and unblock Snapchat, I had to take an iterative approach and talk back and forth with different cross-functional teams until a solution had been found something AI could not do. I also spent the majority of my time identifying deep performance bottlenecks, scalability issues, and memory corruption as part of Snapchat’s platform & performance team, challenges that AI cannot yet tackle. Moreover, software engineers play a crucial role in challenging technical designs and validating the code generated by AI. At first glance, the claims made by Cognition Labs regarding Devin look very ambitious and scary, but if you dive deep, it’s actually a bit misleading and not as scary as people think. For example: In one of the videos released by Cognition Labs, they claimed that Devin can teach himself by learning from blog articles and other resources. However, if you visit the blog article that was used in the video, you will notice that it links to a GitHub page where all the code and the exact steps to take are already provided. So essentially, Devin is just following the instructions instead of writing custom code and figuring things out on the fly. Another key point to note is that, unlike ChatGPT, Devin currently takes 2-3 hours to perform basic tasks that a Junior Software Engineer will be able to accomplish much faster, and another human Software Engineer has to guide Devin through the entire process to make sure Devin is going down the right path. As an AI2030 Global Fellow and drawing from my extensive experience in AI research, Devin is impressive and will change the way Software Development is currently done, much like how calculators made mathematicians far more productive. AI will serve as a productivity tool for software engineers, automating basic tasks and allowing them to focus on more creative endeavors. It won't replace them, just as calculators didn't replace mathematicians. This comparison between calculators and mathematicians, software engineers, and Devin, is particularly apt. When calculators were first introduced, there was a fear that they would render mathematicians obsolete. However, calculators became tools that enhanced the productivity of mathematicians, allowing them to perform calculations more quickly and accurately, and freeing up their time to focus on more complex and creative mathematical problems. Similarly, AI tools like Devin are not meant to replace software engineers but to augment their capabilities. By automating routine tasks such as bug identification and code optimization, Devin can enable software engineers to concentrate on higher-level design, architecture, and problem-solving aspects of software development. Moreover, the human element in software engineering cannot be understated. Software engineers bring creativity, critical thinking, and the ability to understand and respond to user needs—qualities that AI, in its current state, cannot replicate. While AI can follow instructions and learn from patterns, it lacks the intuition and emotional intelligence that humans possess. Just as mathematicians use calculators as a tool to aid their work, software engineers can use AI like Devin as a tool to enhance their productivity and creativity. In conclusion, the relationship between software engineers and AI tools like Devin is symbiotic. AI can automate certain aspects of software development, but it is the human software engineer who provides the creative vision, strategic direction, and critical oversight that are essential to successful software projects. As AI continues to evolve, it will undoubtedly transform the landscape of software engineering, but it will do so in a way that complements and enhances the work of human engineers rather than replacing them. By Mostofa Adib Shakib In the rapidly evolving landscape of technology, I find myself pondering a significant question as a software engineer: Will Devin AI take my job or merely serve as another tool in our expansive arsenal? For those unfamiliar with the name, Devin is not your average newcomer to the tech scene. It's the moniker given to the world's first AI Software Engineer, developed by the visionary minds at Cognition Labs. Since its inception in November 2023, Cognition Labs has secured**$21 million** in funding, notably from Peter Thiel 's Founders Fund and former Twitter executive Elad Gil . Thiel, celebrated for co-founding PayPal and being the first outside investor in Facebook, marks the caliber of faith vested in this endeavor. On March 12, 2024, Cognition Labs unveiled Devin through a series of videos, showcasing the capabilities of this fully autonomous AI, which has sent ripples through the tech community, sparking debates on job security across all levels of software engineering. Peter Thiel Elad Gil Behind this groundbreaking innovation is Scott Wu, leading a small yet extraordinarily talented team at Cognition Labs. Comprising 10 individuals, each a gold medalist from the International Olympiads in Informatics (IOI), their team's pedigree is unmatched. Wu, a Harvard-educated math prodigy, boasts an impressive resume, including three IOI gold medals with perfect scores in 2014, and holds the title of Legendary Grandmaster on Codeforces. His journey from a math enthusiast to the co-founder and CTO of Lunchclub, an AI-powered networking platform, alongside his brother Neal Wu, a fellow prodigy and co-founder of Cognition Labs, lays the foundation for Devin's creation. The Wu brothers' unique combination of mathematical brilliance and entrepreneurial spirit is the driving force behind the development of Devin, positioning Cognition Labs at the forefront of AI innovation in software engineering. So, what exactly can Devin do? According to Cognition Labs' demonstrations, Devin is 9% better at solving real Software Engineering tasks compared to all the existing models and capable of self-training, identifying bugs in code, and resolving issues on platforms like GitHub and Upwork. Today I will gauge the impact of this AI on the industry, and analyze the claims made by Cognition Lab on Devin’s capabilities. While Devin is impressive, I see it as something other than replacing me or being able to perform the tasks I did during my time as a Software Engineer at Snapchat. The problems solved by Devin in one of the 5 videos released by Cognition Labs had clear instructions and guidelines. However, in the real world, problems are often ambiguous, and sometimes we need to first figure out what exactly we are solving, and to do that cross-functional communication between several teams is needed. At Snapchat, one time I worked on a bug that blacklisted Snapchat in Samsung’s multi-hierarchy window for a few months. To solve this issue and unblock Snapchat, I had to take an iterative approach and talk back and forth with different cross-functional teams until a solution had been found something AI could not do. I also spent the majority of my time identifying deep performance bottlenecks, scalability issues, and memory corruption as part of Snapchat’s platform & performance team, challenges that AI cannot yet tackle. Moreover, software engineers play a crucial role in challenging technical designs and validating the code generated by AI. At first glance, the claims made by Cognition Labs regarding Devin look very ambitious and scary, but if you dive deep, it’s actually a bit misleading and not as scary as people think. For example: In one of the videos released by Cognition Labs, they claimed that Devin can teach himself by learning from blog articles and other resources. However, if you visit the blog article that was used in the video, you will notice that it links to a GitHub page where all the code and the exact steps to take are already provided. So essentially, Devin is just following the instructions instead of writing custom code and figuring things out on the fly. Another key point to note is that, unlike ChatGPT, Devin currently takes 2-3 hours to perform basic tasks that a Junior Software Engineer will be able to accomplish much faster, and another human Software Engineer has to guide Devin through the entire process to make sure Devin is going down the right path. As an AI2030 Global Fellow and drawing from my extensive experience in AI research, Devin is impressive and will change the way Software Development is currently done, much like how calculators made mathematicians far more productive. AI will serve as a productivity tool for software engineers, automating basic tasks and allowing them to focus on more creative endeavors. It won't replace them, just as calculators didn't replace mathematicians. This comparison between calculators and mathematicians, software engineers, and Devin, is particularly apt. When calculators were first introduced, there was a fear that they would render mathematicians obsolete. However, calculators became tools that enhanced the productivity of mathematicians, allowing them to perform calculations more quickly and accurately, and freeing up their time to focus on more complex and creative mathematical problems. Similarly, AI tools like Devin are not meant to replace software engineers but to augment their capabilities. By automating routine tasks such as bug identification and code optimization, Devin can enable software engineers to concentrate on higher-level design, architecture, and problem-solving aspects of software development. Moreover, the human element in software engineering cannot be understated. Software engineers bring creativity, critical thinking, and the ability to understand and respond to user needs—qualities that AI, in its current state, cannot replicate. While AI can follow instructions and learn from patterns, it lacks the intuition and emotional intelligence that humans possess. Just as mathematicians use calculators as a tool to aid their work, software engineers can use AI like Devin as a tool to enhance their productivity and creativity. In conclusion, the relationship between software engineers and AI tools like Devin is symbiotic. AI can automate certain aspects of software development, but it is the human software engineer who provides the creative vision, strategic direction, and critical oversight that are essential to successful software projects. As AI continues to evolve, it will undoubtedly transform the landscape of software engineering, but it will do so in a way that complements and enhances the work of human engineers rather than replacing them.

Devin AI: End of Software Engineers or Just A Tool?

Unstable Protocol's Pioneering Leap Take into consideration a scenario in which the conventional boundaries of banking are not just stretched, but also completely rethought. This is not only a pipe dream in the realm of digital banking; rather, it is rapidly becoming a reality, particularly in light of the emergence of decentralised finance (DeFi). Not only is this transformation a narrative about technology, but it is also a story about ambition, the struggle to overcome obstacles, and the search for a financial system that offers power to everyone. Today, we are going to discuss Unstable Protocol, a project that is at the core of the Liquid Restaking Token Finance (LRTfi) industry, as well as its most recent achievement, which is a significant investment round that will alter the manner in which we perceive and make use of digital assets. Good news greeted the DeFi community as they awoke on morning of March 27, 2024, Unstable Protocol had declared that they had successfully completed a seed fundraising round, which resulted in an investment of $2.5 million. This initiative aims to change the landscape of LRTfi, and has gained investment from a considerable number of funds that are associated with Ethereum, including Lattice and Laser Digital (Nomura Group), Blockchain Founders Fund, and several other funds. This significant investment will not only provide Unstable Protocol with the necessary resources to further develop their platform, but it also serves as a validation of the potential impact that their project could have on the decentralized finance space. The Essence of LRTfi and Unstable's Vision LRTfi stands at the intersection of innovation and utility in DeFi enabling users to employ liquid staking and restaking tokens in novel yield strategies for enhanced returns using this approach Unstable Protocol layer for this burgeoning market, particularly focusing on (re)staked Ether.  The LRT market has gone from being nonexistent to being valued at around $50 billion, which provides as a sense of the significance of Unstable's undertaking despite the fact that it has risen drastically. This fast ascent highlights the unrealized potential and the insatiable appetite for innovation that exists within the world of decentralised finance. It is the pioneering usage of zkOracles that is at the heart of Unstable Protocol's approach. This utilisation improves the DeFi usefulness for the LRT and LST ETH market. This technological innovation is not only a technical accomplishment; rather, it is a strategic move that aims to bring the whole DeFi ecosystem to new heights of efficiency and security. The fact that Unstable has formed partnerships with platforms like as Axelar and technology solutions that are driven by Succinct Labs demonstrates the company's dedication to not just engaging in the public finance field but also leading it. Final Thoughts: The Journey Continues The community of decentralised finance enthusiasts is waiting with bated breath as Unstable Protocol releases its testnet. The path that lies ahead is replete with opportunities, obstacles, and the promise of a financial system that is more transparent and effective for all parties involved. With the support of forward-thinking individuals and the power of ground-breaking technology, Unstable is on the verge of completely redefining the future of distributed finance. Don’t forget to like and share the story! This author is an independent contributor publishing via our brand-as-author program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure:

Unstable Protocol Shakes Up DeFi with a $2.5M Seed Funding Triumph

অস্থির প্রোটোকল $2.5M বীজ তহবিল ট্রায়াম্ফের সাথে DeFi কে কাঁপিয়ে দেয়

Das instabile Protokoll erschüttert DeFi mit einem Triumph bei der Startkapitalfinanzierung in Höhe von 2,5 Millionen US-Dollar

Un protocolo inestable revoluciona DeFi con un triunfo de financiación inicial de 2,5 millones de dólares

Un protocole instable bouleverse DeFi avec un triomphe de financement de démarrage de 2,5 millions de dollars

अस्थिर प्रोटोकॉल ने $2.5M सीड फंडिंग विजय के साथ DeFi को हिला दिया

不安定なプロトコルが250万ドルのシード資金獲得でDeFiを揺るがす

Unstable Protocol은 250만 달러의 시드 자금 조달 성공으로 DeFi를 뒤흔들었습니다.

Protocolo instável sacode DeFi com triunfo de financiamento inicial de US$ 2,5 milhões

Нестабильный протокол потряс DeFi триумфом начального финансирования в размере 2,5 миллиона долларов

Kararsız Protokol, 2,5 Milyon Dolarlık Başlangıç Finansmanı Zaferiyle DeFi'yi Sarstı

Giao thức không ổn định làm rung chuyển DeFi với chiến thắng tài trợ hạt giống 2,5 triệu đô la

不稳定协议以 250 万美元种子资金的胜利震撼了 DeFi

NEW YORK, United States, February 2nd, 2024/Chainwire/--Avantis Testnet saw more than $5.5 billion in trading volumes in just two months of testing since November, and the mainnet launch includes an industry-first product, Avantis Loss Protection. , the next generation DEX for trading and market-making perpetuals for crypto and real-world assets, launched on Base mainnet today. During the two months of testnet, Avantis saw more than 400,000 trades from more than 50,000 on-chain traders transacting more than $5.5 billion in volumes on a TVL (total value locked) base of $120M. Avantis The company is backed by Pantera, Galaxy, Base Ecosystem Fund, Founders Fund, and Modular Capital. With Avantis, on-chain traders can utilize up to 75x leverage and get exposure to price movements across crypto, forex, and commodities. Liquidity providers can fine-tune their risk-return profile while earning trading fees by passively making markets for these trades. Avantis is launching its new Loss Protection product, a novel, industry-first mechanism that protects traders who take a contrarian view against the market by guaranteeing that they get a certain rebate on any trading losses. Testnet traders earned a cumulative rebate of $450K across ~20,500 loss-protected trades for taking contrarian trades and helping balance platform open interest (OI). Once live on the main net, Avantis Loss Protection will generate real savings for traders on their losses. Avantis has 22 trading pairs available at launch today, with more to come. To ensure economic security, competitive fees for traders, and protection for liquidity providers, Avantis has partnered with , the leader in risk simulations and protocol economics. Chaos Labs Chaos Labs’ designed and optimized trading parameters go live today on Avantis mainnet. Avantis has been audited by both and , and the audit reports are available for all to view via Avantis’ . Zellic Zokyo documentation “There's a large set of perpetual DEXs in the market, and yet it’s one of the only sectors in DeFi that’s still 100x behind its CeFi counterparts, which shows the immense whitespace for innovation at the protocol level,” Said Avantis Cofounder and CEO . Harsehaj Singh “This is why we’re so excited for Avantis’ beta launch on mainnet as it’s our first step towards contributing towards the growth of the onchain trading and stablecoin economy on Base.” Throughout testnet, Avantis witnessed the robustness of its risk-return tooling for liquidity providers, consistently seeing highly organic trading fee APRs, ranging from 20%-100% depending on the LP’s unique risk profile. Out of 5,600 LPs on the platform, ~1,900 locked their capital for some time, showing the demand for boosted returns in exchange for long-term behavior. Avantis plans to continue testing and refining these mechanisms with real-world data. In the coming months, Avantis plans to ship multiple product updates, including funding rates, one-click trading, gas-sponsored trades, their own L2 built on the OP stack, and novel real-world asset pairs like crude oil and treasury rates. The Avantis Edge: Hyperscaling DeFi Market Making: Onchain perpetual DEXs haven’t had their Uniswap V3 moment. Avantis offers sophisticated tools to liquidity providers (LPs) like risk tranches and time locking, allowing each LP to customize its unique risk-reward profile, creating a stickier liquidity flywheel. Democratized RWA Adoption: Perpetuals have barely touched non-crypto asset classes like commodities and forex, but demand for leveraged trading in these markets is very strong. While there is already strong RWA tokenization by top DeFi protocols, these offerings are gated to accredited institutions and are geared toward long-term holders, not traders. Avantis enables forex and commodities to be hedged and traded on-chain without the need for 1:1 tokenization. Loss Protected Trading: Avantis offers guaranteed rebates on traders’ losses as long as their trades help balance platform OI. This is in contrast to funding rates, which are the traditional way of balancing long-short skew (and are often unpredictable and geared towards basis traders). This is an industry first for any exchange of any kind (regardless of centralized or decentralized). Fully Decentralized: Everything from execution, settlement, liquidations, and market-making (via liquidity providers) occurs on-chain About Avantis Avantis is a decentralized leveraged trading and market-making platform that allows users to trade cryptocurrency, forex, and commodities with up to 75x leverage or power trades on the platform as a liquidity provider. Avantis gives sophisticated risk management tools to traders and liquidity providers for the use and provision of trading leverage. Avantis is built on Coinbase’s , and is industry leading investors such as Pantera, Founders Fund, Galaxy and Base Ecosystem Fund. For more information, visit . Base blockchain backed by https://www.avantisfi.com/ Contact Avantis, The Next Generation Perpetuals DEX, Launches Today on Base Mainnet Harsehaj Singh Avantis Labs Inc Sehaj@avantisfi.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here.

Avantis: The Next Generation Perpetuals DEX Launches Today On Base Mainnet

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