Ren Labs, creator of a protocol for cross-blockchain value exchange, today announced that Catalog, the first consumer application built on the Ren blockchain, has raised $7.5 million in a seed funding round. Devised by Ren Labs, Catalog is a DeFi app powering cross and multi-chain exchange with zero gas fees. Now with the waitlist open, Catalog […]

The post First Ren blockchain app Catalog raises $7.5M to develop cross-chain asset metaversal exchange  appeared first on CryptoNinjas.

Umbria Network has extended its partnership with MicroBuddies to provide rewards and extra value for both their communities. 

MicroBuddies is a collectible NFT breeding game created by Good Gaming! (USOTC:GMER), which is built on the Polygon network. Within the game, players passively earn GOO (an ERC20 fungible token) from their MicroBuddies that can be spent to create rarer MicroBuddies who produce even more GOO. Anyone holding an Umbria DAO's ‘Juiced' Umbrian NFT on the date of the snapshot (Wednesday, 2^nd March at 5pm UTC) will qualify for a MicroBuddy, which will be dropped into their wallet on March 9^th. 

Find out more about the project here: https://docs.microbuddies.io/ 

View the Umbrians collection on OpenSea: https://opensea.io/collection/umbrians 

As announced previously, MicroBuddies recommends Umbria's Narni bridge to its players to seamlessly bridge funds from the Ethereum to Polygon network at the quickest and cheapest rates. The upcoming NFT drop will enhance the partnership and help grow and expand the MicroBuddies ecosystem by onboarding a tranche of Umbria's crypto-savvy audience. The collaboration also provides further benefit to Umbrian holders who can extend their NFT portfolio at no cost.   

“There's great synergy here and we're looking forward to introducing our community to this exciting strategy, play-to-earn game,” said Oscar Chambers, co-lead developer and founder at Network Umbria. “Umbrian holders can look forward to more functionality and benefits including further NFT airdrops from Umbria's latest partner projects and access to whitelist spots for new mints.” 

Fluxty, founder of MicroBuddies, said: “At MicroBuddies we are constantly onboarding new players into our ecosystem, and the Umbria Narni bridge has offered players a cheap and efficient way to move funds from Ethereum to Polygon. We hope this airdrop to the Umbrian holders may serve as a thank you, and as an invitation to freely play our game.” 

- ends - 

See the latest data on UMBR on CoinMarketCap and CoinGecko:

https://coinmarketcap.com/currencies/umbria-network/news/

https://www.coingecko.com/en/coins/umbria-network

About Umbria

https://umbria.network/

https://bridge.umbria.network/

Operating within the DeFi and NFT space, Umbria Network enables anyone to migrate cryptocurrency assets across chain cheaply and quickly and earn high APYs on those assets with no impermanent loss. 

Umbria's flagship Narni cross-chain bridge is solving current blockchain interoperability issues. Narni removes the difficulty and expense of moving assets between blockchains and is the fastest and cheapest cross-chain liquidity bridge between the Ethereum and Polygon networks. Narni eliminates the barriers to entry for engaging with DeFi applications and NFTs making them much more accessible to a wider audience.  

The Umbria ecosystem, built on Polygon, has three major protocols:

1. A Cross-chain Asset Bridge: enables the fast and cheap transfer of assets between otherwise incompatible blockchains and cryptocurrency networks.
2. A Staking Pool: users can earn interest on their crypto assets by providing liquidity to the Narni bridge 
3. A Decentralised Exchange (DEX): an automated liquidity protocol powered by a constant product formula, deployed using smart contracts and governed entirely on-chain. Provides fast and cheap token swapping

UK-publicly listed Online Blockchain plc (LSE: OBC) acts as Umbria's coordinator, administrator and advisor. This provides a level of transparency rare in the DeFi space.

For media enquiries, contact Francesca De Franco - [email protected] 

All in Bits, Inc., DBA “Tendermint”, the founding team of the Cosmos ecosystem and developer of tools for Web3, has now announced it will operate under the trademark, “Ignite” with a new, energized brand. A new entity name, corporate brand, brand logo, and brand identity have been developed to represent the inclusivity and diversity of […]

The post Tendermint: Founder of Cosmos blockchain rebrands to ‘Ignite’ appeared first on CryptoNinjas.

The Aventus Network – the layer-2 blockchain protocol that brings scalability, speed and lower costs to Ethereum transactions – today announced the start of a long-term partnership with Scytale Ventures, a leading blockchain venture capital and consulting firm. Scytale will work to integrate Aventus Network (AvN) into the Polkadot ecosystem to provide interoperability between the two networks and help realise Aventus' vision of being fully embedded into the wider blockchain ecosystem.

Polkadot gives you the ability to interoperate with a wide variety of blockchains in the Polkadot network. Lack of interoperability in the blockchain space is one of the greatest barriers to adoption, leading to a fragmented industry where thousands of different tokens and networks are built on varying standards and consensus models. Polkadot works to ensure long-term cross-compatibility of these projects and simplify adoption by connecting and securing unique blockchains under common security guarantees.

For Aventus, this integration will enable smart contracts, decentralised applications (dApps) and other assets or utilities on the Aventus chain to be seamlessly and securely transferred between AvN, Polkadot, and a host of other compatible blockchains. Scytale, Polkadot and Aventus will develop a powerful new infrastructure that will maintain the utility and tokenomic model of the existing AVT token and staking model, whilst enabling Aventus to become a ‘parachain' (an integrated blockchain) of Polkadot.

Aventus' partnership with Scytale Ventures includes a sizable DOT (Polkadot's token) grant to help develop the necessary applications to plug into the Polkadot ecosystem. In addition, Scytale Horizon Fund II, has taken a significant position in AVT as a vote of confidence in the project.

Alan Vey, Co-Founder and CEO of the Aventus Network, said: “Imagine a world in which you couldn't send emails from Gmail to Microsoft – or you couldn't view the same webpage on both a PC and a Macintosh. That's the problem facing blockchain right now – thousands of different projects are built on different languages, and they cannot talk to each other. Polkadot is the solution to this - bridging different chains and giving them a common language. Integrating into the Polkadot family has always been an ambition for Aventus, and with Scytale's expertise and capital injection we have the rocket fuel we need to reach our goal of ensuring true interoperability with the wider blockchain community.”

Mark Cachia, Founder at Scytale Ventures added: “We are eager to support Alan and the team at Aventus to integrate more closely with the Polkadot Ecosystem. We invest primarily with strong teams with exemplary dedication and character, and I cannot think of anyone more committed to delivering useful, interoperable solutions than Aventus. Their organic decision to first build on Substrate because of the tech stack, then work with us to join the community dedicated to multichain interoperability, is a testament to the power of Substrate, and will unlock tremendous value for stakeholders. We're confident that – with our expertise and investment – Aventus will ensure true interoperability with the Polkadot ecosystem, setting an example for others in this space to follow.”

Gavin Wood, Founder of Polkadot, said: “The blockchain community has flourished over the last two years and so has the variety of services blockchains provide. The next challenge facing the community is making interoperability between blockchain networks a reality. This is precisely what Aventus' integration into the Polkadot network will enable, bringing the speed, security and long-term cross-compatibility required for Aventus to work seamlessly with the wider blockchain community. We can't wait to see where this takes Aventus – the possibilities are endless.”

Danny Masters, seed investor in the Aventus Network and Chairman at CoinShares International, said: “This partnership with Scytale marks a major step forward for Aventus and sets a clear path for growth and innovation well into the future. Solving the problem of interoperability is a top priority for many working in the blockchain space. Integrating with Polkadot will position Aventus at the leading edge of this effort. I am excited to see how Aventus, its token holders and clients will utilise the opportunities interoperability will bring.”

The Aventus Network is a 2nd-layer blockchain protocol that lets any organisation build on the Ethereum network without the typical limitations of speed, scalability, and price. Founded in 2017, Aventus makes building on Ethereum accessible for businesses and decentralised platforms through fairer transactions for all — enabling the broadscale adoption of public decentralised blockchain through blockchain interoperability. To learn more, visit: https://www.aventus.io/ 

About Scytale Ventures
Scytale Ventures was founded in 2017 by investment management professionals, entrepreneurs, and blockchain pioneers to foster the growth and adoption of blockchain technology by supporting founding teams of blockchain protocols, applications, and companies.
To learn more, visit: https://scytale.ventures

About Polkadot
Polkadot provides the technical advances necessary to make blockchain technology practical, accessible, scalable, interoperable, and future-proof, removing limitations and barriers to entry, and thereby fuelling innovation, growing the decentralised technology space, and bringing the Web3 vision to life.
To learn more, visit: https://polkadot.network/ 

Despite an almost world market dip, the Komodo token’s worth jumped as information broke that the undertaking would quickly add help for greater than a dozen blockchains. The firm has plans to launch a new collection of NFTs. With cross-chain bridges, we are able to talk between blockchains extra effectively. However, this creates vulnerabilities that […]

The post Komodo Reformed Amid Market Gloom appeared first on Bitcoin Upload.

PRESS RELEASE. The world of audit has always had an inherent problem, the conflict of interest that comes from paying for audit services. Auditors are meant to be independent of their clients, but how can you be independent when you are auditing your employer? With countless instances of paid auditors issuing fraudulent attestations to keep […]

Though in-person, physical events are back in full force this year, many organizers have embraced virtual events, attracted by their ability to reach a broader world from all parts of

The post 13 Upcoming Fintech Webinars and Virtual Events to Attend Live appeared first on Fintech Singapore.

  White paper from Erlang Solutions Web 3.0 is an all-encompassing term that covers cryptocurrencies, smart contract computing, decentralised hardware, IoT, Non-Fungible Tokens, DeFi and maybe the most buzzwordy of them all — ‘the Metaverse’. Decentralisation is key to what Web 3.0 is about, along with open source transparency and distributed computing. The impact of […]

The post Tech trends in financial services 2022. appeared first on Fintech News.

On 13 January, Composable Finance celebrated winning Polkadot’s seventh parachain slot auction. The DeFi interoperability protocol was declared a victor with over 9,000 members of the community raising more than six million DOT. However, the celebrations turned sour around a month later. Who are you calling a fraudster? Twitter user “zachxbt” [@zachxbt] is known for reporting […]

Metaverses have been all the rage over the past year. The idea of a virtual world where people can interact is nothing new; online MMORPGs have been around for years. However, the concept of having true ownership is what sets metaverses built on the blockchain apart. Players can own virtual plots on these metaverses and […]

The post The Pavia Metaverse- Cardano’s Decentraland or something more? appeared first on Coin Bureau.

Following its successful seed funding round and the release of its testnet 2.0, deBridge, a cross-chain interoperability and liquidity transfer protocol, has now announced the launch of its public mainnet. deBridge’s decentralized setup allows users and protocols to transfer assets and data between different blockchains, starting with Ethereum, Binance Smart Chain, Huobi Eco Chain, Arbitrum, […]

The post Mainnet goes live for cross-chain interoperability and liquidity protocol deBridge appeared first on CryptoNinjas.

The Sandbox announced a new partnership with Chain Games. The two parties expressed their excitement about the collaboration as it ...

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