BNB Chain Innovation’s Post

Expected @zksync, @Starknet, and @LayerZero_Labs disappointed many... 80% will also give away pennies, but 20% will reward perfectly! I continue to tell you about the project from the “golden” 20%. ❗️ Not to be missed @InfraredFinance - is a leading app that utilizes the Proof of Liquidity (PoL) consensus engine that was developed by Berachain. 💰 $2.5M investment from Shima Capital, Tribe Capital, NGC Ventures, Signum Capital and others https://lnkd.in/dRY9cfPk The main thing here is Binance Labs, the amount of investment of which was not disclosed. Also, it became known that the project had collected an additional $500K of investment for a month. The project announced https://lnkd.in/dPCrY4VC the launch of testnet https://lnkd.in/deX5qVrH. In which by performing activities we will warm up the wallet of two projects at once. 🕘 Execution time: ≈ 5 minutes 💰 Financial costs: ≈ 0$ 📆 Deadline: TBA ✅ What we do: https://lnkd.in/d_vDCYfV

Deal flows slowed down this week, we saw $40M+ in deals 💼 Binance Labs has made an undisclosed investment in Sophon, a ZKsync "elastic chain" or Layer 2 network built on Matter Labs' ZK Stack. > The investment comes ahead of Sophon's mainnet launch and token deployment scheduled for next month. > This funding round is structured as a Simple Agreement for Future Tokens (SAFT). > This deal follows earlier funding of around $60M from a node sale in May and $10M in a seed round, bringing Sophon's total funding to over $70M. > The mainnet and SOPH token are set to launch next month, with more details on the token to be released later. > Currently, Sophon has about 20 employees, with plans to hire a senior Rust developer and a business development professional for the Asia Pacific region. #web3 #venturecapital #binance

Exciting News: MAKER (MKR) Now Available on Bitnou! 🎉 We're thrilled to announce the listing of MAKER's native token, MKR, on Bitnou! About MAKER: MAKER is the governance token of the MakerDAO ecosystem, which powers Dai, the world's first decentralized stablecoin. MKR holders govern the Maker Protocol, ensuring its stability and security. Why Trade MKR on Bitnou? Decentralized Finance (DeFi) Powerhouse: Dive into the world of decentralized finance with MakerDAO's innovative ecosystem. Stability & Security: Bitnou prioritizes the safety and security of your assets, offering a reliable trading experience. Governance: Participate in the governance of the Maker Protocol and shape the future of decentralized finance. Join us on Bitnou and explore the possibilities of decentralized finance with MAKER's MKR token. Start trading today! #Bitnou #MKR #DeFi

I am getting feedback from investors that projects, although interesting, have intense homogenization competition. How can homogeneity be avoided in a highly competitive crypto environment? 1. Governance Models: Implement testing DAOs to govern projects. DAOs allow community members to propose and vote on new features and changes, preventing a single entity from taking the project's direction.  2. Use Cases and Applications: Develop platforms that support a wide range of use cases and applications.  3. Interoperability: Make sure your platform interacts with other protocols and blockchains by using cross-chain bridges/integrating with different ecosystems. Interoperability brings a broad range of applications and users, preventing the ecosystem from becoming too uniform and dull. It works well with the 2nd point.  4. Niche Markets: Projects that tackle niche markets that are not well understood are less likely to be copied. Offer incentives for participation in niche markets where you have an edge.

Some good insights for all interested in launching a token. Something we definitely will consider when we enter Phase II of our project https://lnkd.in/dMWcx7v9. https://lnkd.in/d2MPUtcv

⚡Development Update Let's dive into what happened this month! 👇 ✅ Inheriti® 2.0 Tech Update ✅ Inheriti® on Optimism and Ethereum ✅ Anodos Finance Update ✅ Vechain Node Clusters Update ✅ Start Analysis Layer 2 atop Vechain ✅ Partnership with Turtle Labs & BlackVeMarket ✅ $SQUAD Airdrop to SHA Nodeholders ✅ Vechain Meetup Amsterdam And more! Read the full FF update at: https://lnkd.in/dsRiTweQ

🚀 Excited to share my experience from the recent LFGHO Hackathon with ETHGlobal! 🌐💡 🔍 During the hackathon, my team and I dove into the world of decentralized finance, crafting a solution that bridges off-chain assets with on-chain utility. 🛠️ Our project revolves around leveraging our protocol to collateralize off-chain assets, minting GHO tokens on-chain securely through our Offchain-Sentinel Facilitator. 💰 🔒 Using TLSN technology for generating ZK proofs, we ensure the security and integrity of transactions, making the process efficient and trustworthy. 💼 For payment integration, we integrated Stripe, enabling users to seamlessly pay in USD to a third party, who then maintains an on-chain balance for minting GHO tokens. 👨💼 From the user's perspective, it's a straightforward process: pay in USD, and receive GHO tokens equivalent to the collateralized off-chain assets. For the third party, the role involves maintaining on-chain assets and facilitating the token minting process. 🔧 Validator Node (Third Party) and Sentinel Node are the backbone of our project architecture. Validator Node handles Stripe webhooks, generates TLSN proofs, and communicates with Sentinel Node. On the other hand, Sentinel Node verifies proofs and interacts with the smart contract for token minting and burning operations. Check out our project:- https://lnkd.in/gfATgv_P #hackathon #blockchain #web3 #aave #finance #zkp #defi #finance

🔥UmojaProtocol joins Ignition! Another launch is approaching Ignition. Umoja pioneers the world's first smart money protocol, empowering anyone to craft smart money. By integrating automated investment strategies into digital assets, Umoja enables tokens to autonomously trade, protect against market volatility, and optimise yields. Their beta has already launched on Arbitrum and Ethereum, generating over $2.5 million in notional volume in just a month since its launch last month. ⚡️Team  Umoja Labs is composed of alumni from Goldman Sachs, ConsenSys, RBS, Credit Suisse, Santander Bank, Valora, and Celo. 🤝Backers and Partners: They have also effectively concluded a $2 million extension to their initial seed funding round, elevating the total raised amount to $4 million from their backers and investors. Coinbase Ventures Blockchain Founders Fund 500 Global Norrsken Avalanche Blizzard Fund QuantStamp Orange DAO 3Commas Selini Capital (amongst others!) Launch Details: Date: TBA Total Raise: $6,000,000 Token Price: $0.10 Raising on: Arbitrum Method: Private Vesting: 10% TGE, 90% daily distribution spread over 8 months 👁️ Keep an eye out as we shine the spotlight on Umoja in the coming days and unveil more details about our upcoming launch! While you wait, register your account at https://lnkd.in/dGeyaABN

Weekly fundamentals – Rebuilding coinBASE onchain In our view, Base is a means for Coinbase to rebuild itself onchain in 4 steps: 1. Build an onchain developer platform to serve the teams at Coinbase. 2. Build an onchain developer platform to serve external teams. 3. Integrate the onchain developer platform with the Coinbase product suite. 4. Rebuild Coinbase onchain. A really ambitious mission worth covering, let’s jump in!

𝗛𝗼𝘄 𝗮𝗿𝗲 𝗔𝗿𝗯𝗶𝘁𝗿𝘂𝗺 𝗮𝗻𝗱 𝗢𝗽𝘁𝗶𝗺𝗶𝘀𝗺 𝗱𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝘁 𝗶𝗻 𝘁𝗵𝗲𝗶𝗿 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵 𝘁𝗼𝘄𝗮𝗿𝗱𝘀 𝗲𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝘁𝗵𝗲𝗶𝗿 𝗲𝗰𝗼𝘀𝘆𝘀𝘁𝗲𝗺? Optimism Thanks to OPStack, you can create L2s that borrows from/builds upon the tech from Optimism, may or may not use Optimism's existing sequencer sets, and may pose as a direct competition to optimism, with/without sharing any revenue with them. An example of this is Base L2 by Coinbase that builds upon Optimism's tech, competes with them in the market for liquidity and shares a portion of transaction revenue with them nonetheless. Arbitrum To spin up an L2 that borrows/builds upon the Arbitrum code-base/tech and depends on Ethereum for finality, you have to take permission from Arbitrum DAO, which decides the terms of it, in contrast, thanks to Arbitrum Orbit, anyone can permissionlessly spin up an L3 that depends on Arbitrum for its finality. What did I miss? Tell me in the comments...