Bitcoin.com, one of the most popular crypto ecosystems in the world, has teamed up with Concordium, a PayFi-focused Layer-1 blockchain that protects privacy while still allowing for compliance. The partnership will bring age-verified stablecoin payments to more than 75 million wallets around the world. This is a big step forward for digital payments that are compliant and respect privacy.
Giving people the power to protect their privacy while still following the rules The integration will bring Concordium’s ‘1-Click Verify & Pay’ technology directly into the Bitcoin.com Wallet, allowing users to verify critical identity attributes—such as age or jurisdiction—without exposing personal details or relying on centralized ID databases.
Verification will happen off-chain by independent third-party providers, so no personal information will be stored on the blockchain. Zero-knowledge proof (ZKP) technology keeps transactions safe by letting users prove their eligibility without giving away their identity. This way, they can be fully compliant while still keeping their privacy.
“At Bitcoin.com, our focus has always been on empowering people to take control of their finances through self-custody,” said Corbin Fraser, CEO of Bitcoin.com. “As the regulatory landscape evolves, partnerships like this one with Concordium help bridge the gap between privacy and compliance. By enabling age-verified payments that preserve user anonymity, we’re supporting a maturing crypto industry—one where individuals maintain sovereignty over their data while giving regulators the confidence they need for Bitcoin and crypto to achieve global adoption.”
What Concordium Does: Privacy Meets Utility Concordium’s “1-Click Verify & Pay” makes payments on the blockchain easier by combining verification and transaction settlement into one step.
Fraser’s comments were echoed by Concordium CEO Boris Bohrer-Bilowitzki, who said, “Partnering with Bitcoin.com brings our vision to life: secure, verified, reliable, and cheap payments that work for everyone, from individuals to institutions. By combining anonymous verification and payment into one easy step, we are reducing friction for users and merchants alike, enabling a new era of Smart Money worldwide.”
The system lets merchants accept stablecoin payments while also checking that customers are old enough to buy things like alcohol, games, or adult content. The process doesn’t require complicated setup or ongoing compliance costs like traditional verification systems do. Instead, it offers a decentralized, cost-effective, and privacy-first alternative to centralized identity schemes.
Taking on a global regulatory problem Governments around the world are making rules about digital identity and online safety stricter, which is why the partnership is happening. The Online Safety Act requires more than five million age checks to be done every day in the UK alone. Similar programs are also being put in place in other European countries and U.S. states.
Because of this, there has been a huge increase in the need for compliance solutions that protect privacy. Bitcoin.com and Concordium’s partnership directly meets this need by letting businesses follow the law without having to collect personal information in a way that is intrusive.
It also promises to help the $308 billion stablecoin market grow beyond trading ecosystems and into regular e-commerce, where the lack of verified payment infrastructure has been a major problem.
Connecting crypto payments to real-world use The integration of Concordium’s regulatory-ready identity protocol with Bitcoin.com’s huge global reach makes it possible for stablecoin payments to be used by a lot of people for everyday transactions.
Merchants and consumers will soon be able to transact in verified stablecoins—quickly, privately, and compliantly—in use cases where existing digital payment methods either fail regulatory checks or compromise personal privacy.
The solution also offers a compelling alternative to state-mandated digital ID systems, providing individuals with self-sovereign verification options that align with decentralized finance (DeFi) principles.
About Concordium Concordium is a scalable Layer-1 blockchain offering a built-in identity layer that combines privacy and accountability. Powered by zero-knowledge proof technology, Concordium enables verified yet anonymous transactions suitable for both individuals and enterprises.
Founded in 2018, the platform supports Smart Money applications, programmable tokens, and PayFi-focused features such as time-locked releases, compliance controls, and ID-based geofencing. With a focus on enterprise-ready stablecoin infrastructure, Concordium is emerging as a key blockchain for regulatory-compliant digital payments.
🔗 Learn more at www.concordium.com .
About Bitcoin.com Since 2015, Bitcoin.com has been a global leader in introducing newcomers to cryptocurrency. Its ecosystem offers educational resources, news coverage, and intuitive self-custodial tools, enabling users to buy, trade, spend, and manage crypto securely.
With a user base of more than 75 million wallets, Bitcoin.com continues to drive mainstream crypto adoption, empowering individuals to take control of their finances while shaping the future of decentralized payments.
Wallet owners will be able to verify certain identity qualities, such as age or jurisdiction, without actually having to divulge personal information or handle complicated identity handoffs thanks to the integration. The incorporation takes place at a time when there is a rising worry around digital IDs that are enforced by the state and centralized data collecting. More than 75 million wallets across the world will now be able to take advantage of age-verified payments thanks to the collaboration between Bitcoin.com and the PayFi-focused Layer-1 blockchain Concordium. Bitcoin.com has opened the door to a new era of compliant and verified access to cryptocurrency payments by incorporating Concordium’s ‘1-Click Verify & Pay’ technology into its widely used wallet application.
Wallet owners will be able to verify certain identity qualities, such as age or jurisdiction, without actually having to divulge personal information or handle complicated identity handoffs thanks to the integration, which is presently in the process of being developed and is scheduled to deploy in the near future. It is true that verification takes place off-chain via reputable and impartial third-party sources; nevertheless, the blockchain does not store any personal information throughout this process. There is a zero-knowledge proof (ZKP) technique that is used to safeguard each transaction. This technology guarantees perfect anonymity while also satisfying severe regulatory standards.
“At Bitcoin.com, our focus has always been on empowering people to take control of their finances through self-custody,” said Corbin Fraser, CEO of Bitcoin.com. “As the regulatory landscape evolves, partnerships like this one with Concordium help bridge the gap between privacy and compliance. By enabling age-verified payments that preserve user anonymity, we’re supporting a maturing crypto industry—one where individuals maintain sovereignty over their data while giving regulators the confidence they need for Bitcoin and crypto to achieve global adoption.”
Fraser’s comments were echoed by Concordium CEO Boris Bohrer-Bilowitzki, who said, “Partnering with Bitcoin.com brings our vision to life: secure, verified, reliable, and cheap payments that work for everyone, from individuals to institutions. By combining anonymous verification and payment into one easy step, we are reducing friction for users and merchants alike, enabling a new era of Smart Money worldwide.”
The incorporation takes place at a time when there is a rising worry around digital IDs that are enforced by the state and centralized data collecting. Users are able to demonstrate their eligibility without having to divulge their identity with Concordium’s “1-Click Verify & Pay,” which provides an option that is streamlined, decentralized, and prioritizes private information. Merchants will now have the ability to verify access and accept stablecoin payments for age-restricted items and services such as alcohol, gambling, or adult material. This will have the effect of ensuring that legal compliance is maintained without incurring the expenditures of sophisticated setup or ongoing infrastructure. For the very first time, blockchain technology offers a payment rail that is suitable for use in scaling up e-commerce.
A significant need that has been brought to light by the widespread adoption of new safety legislation, particularly in the United Kingdom, France, and numerous states in the United States, has been filled by the introduction of age-verified cryptocurrency payments. According to a report by the government of the United Kingdom, an extra five million age checks are being performed every single day as a result of the implementation of the Online Safety Act, which allows users from the United Kingdom to access websites that are limited to users of a certain age. While the stablecoin market has surpassed $308 billion, 99% of stablecoin transactions remain locked within crypto trading ecosystems. As a result, stablecoins have not been able to break out as mainstream payment solutions owing to a lack of verification. This is also the case in the payments area.
Bitcoin.com and Concordium expect that their alliance will not only make it easier for consumers to make use of stablecoins, but it will also secure users’ privacy while they are doing business online, which will help alleviate worries about state-led digital monitoring.
Concordium is a scalable Layer-1 blockchain that provides a unique identity layer at the protocol level. This layer ensures that user interactions are authenticated and confidential, and it is enabled using zero-knowledge proof technology.
The research-backed chain enabled Smart Money with programmable protocol-level tokens, advanced PayFi features such as time releases and compliance controls, and secure ID-based geofencing for cross-border transactions. As a result, it is the chain of choice for enterprise-ready stablecoins that are looking for real-world adoption while adhering to new regulatory frameworks. The chain was established in 2018.
Bitcoin.com has been a worldwide leader in exposing novices to cryptocurrency ever since it was founded in 2015. Featuring easily available instructional resources, news that is both recent and impartial, and self-custodial products that are straightforward to use, Bitcoin.com makes it simple for anybody to purchase, spend, trade, invest, earn, and keep up to speed on cryptocurrencies and the future of finance.
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This helps the agentic economy scale to more real-world applications and broadens the scope of what is feasible for age-gated and identity-sensitive sectors. Payment and verification responsibilities are neatly divided between two interoperable platforms thanks to the collaboration. Concordium is integrating age and identity verification into AI-driven transactions in collaboration with the x402 protocol. The alliance allows AI agents and apps to independently initiate, validate, and finalize Stablecoin payments in a compliant and privacy-preserving manner by combining x402’s pay-to-access process with Concordium’s native ID layer. This helps the agentic economy scale to more real-world applications and broadens the scope of what is feasible for age-gated and identity-sensitive sectors including e-commerce, digital media, gaming, and travel.
This historic collaboration will allow the agentic economy to expand to new use cases by fusing Concordium’s “1-Click Verify Pay” solution with the pay-to-access model of the x402 protocol, which restricts access to specific products and services in e-commerce, gaming, entertainment, and data services.
“One of the fastest-growing areas of the agentic economy is on-chain payments, and we are delighted to work with x402 to enable verified Stablecoin payments at scale,” said Concordium CEO Boris Bohrer-Bilowitzki. “By enabling seamless verification and payments, whether for real people or AI agents, this partnership will enable a new era of accessibility and adoption for the world”
“People increasingly want to leverage agentic interfaces for discovery, shopping, and payments, and this partnership integration showcases how x402 extensions can support identity and authorization for accessing age-restricted products and services,” said Kevin Leffew, x402 whitepaper co-author. “By enabling builders to embed complex authorization logic directly at the protocol layer, x402 makes it possible for agents to autonomously access regulated or permissioned services while preserving a simple developer experience.”
Payment and verification responsibilities are neatly divided between two interoperable platforms thanks to the collaboration and integration made possible by ecosystem partner Boosty Labs. Merchants worldwide may allow seamless and private agentic payments for age-restricted goods and services by using Concordium’s “1-Click Verify & Pay” technology and x402 payment standards.
With no costs to the consumer or merchant, x402, which was unveiled in May, establishes a common method for users to pay for web resources without registering, sending emails, using OAuth, or requiring complicated signatures.
Concordium is a scalable Layer-1 blockchain that uses zero-knowledge proof technology to allow verified and private user interactions by providing a unique identity layer at the protocol level. The research-backed chain, which was established in 2018, is the preferred chain for enterprise-ready stablecoins seeking real-world adoption while adhering to new regulatory frameworks. It enables Smart Money with programmable protocol-level tokens, sophisticated PayFi features like time releases and compliance controls, and secure ID-based geofencing for cross-border transactions.
For AI-native, pay-per-use transactions, x402 is an open, chain-agnostic payment protocol that extends the HTTP 402 status code. It eliminates the integration friction of conventional payment systems by giving APIs, agents, and services a neutral means of requesting payment, signaling price, and settling quickly in stablecoins. Unlocking agentic commerce—smooth, automated interactions between AI agents and the services they use—is the aim.
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Concordium engages Uphold’s Digital Asset Services supporting global access to its token, CCD Uphold ecosystem partnership to support listings, marketing, treasury yield management and OTC trading needs Collaboration advances Concordium’s Smart Money vision for real-world adoption Uphold, the digital infrastructure provider for on-chain finance, has signed Concordium as the latest network to adopt its Digital Asset Services offering.
Concordium, a privacy-first Layer-1 blockchain enabling Smart Money through verifiable, confidential transactions with built-in accountability, will work with Uphold across listings, marketing, treasury yield management and OTC trading. This partnership will ensure that the native token of Concordium, CCD, can be accessed and used in more than 140 countries by millions of Uphold customers.
Uphold’s Digital Asset Services give Layer-1 and Layer-2 networks and crypto foundations a single partner to help secure their protocols, maintain operational integrity and engage new audiences across multiple channels.
“Listing CCD on Uphold is yet another milestone for Concordium and its Smart Money ecosystem,” said Boris Bohrer-Bilowitzki, CEO at Concordium. “It opens access to a blockchain designed for privacy to a global audience, enabling privacy with accountability and verified transactions to scale in the real-world, while keeping user trust and security front and center.”
Simon McLoughlin CEO of Uphold, said: “Our goal is to offer a complete operational foundation for digital asset projects. By combining validator services, treasury solutions, listings and access to Uphold’s global user base, we help networks drive adoption, diversify holdings and strengthen community engagement.”
The listing of CCD on Uphold expands access to blockchain infrastructure designed for privacy, making it easier for both retail users and institutions to engage with Concordium through a trusted, jurisdiction-aware platform.
For Uphold, the integration strengthens its role as a gateway to compliance-first digital identity within digital assets; for Concordium, it broadens distribution while reinforcing its focus on identity-first, privacy-preserving, and audit-ready design.
About Uphold
Uphold is a financial technology company that believes on-chain services are the future of finance. It provides modern infrastructure for on-chain payments, banking and investments. Offering Consumer Services, Business Services and Institutional Trading, Uphold makes financial services easy and trustworthy for millions of customers in more than 140 countries.
Uphold integrates with more than 30 trading venues, including centralized and decentralized exchanges, to deliver superior liquidity, resilience and optimal execution. Uphold never loans out customer assets and is always 100% reserved.
The company pioneered radical transparency and uniquely publishes its assets and liabilities every 30 seconds on a public website (https://uphold.com/en-us/transparency).
Uphold is regulated in the U.S. by FinCen and State regulators; and is registered in the UK with the FCA and in Europe with the Financial Crime Investigation Service under the Ministry of the Interior of the Republic of Lithuania. Securities products and services are offered by Uphold Securities, Inc., a broker-dealer registered with the SEC and a member of FINRA and SIPC.
To learn more about Uphold’s products and services, visit uphold.com.
About Concordium
Concordium is a privacy-first, Layer-1 blockchain infrastructure designed for verifiable yet confidential digital interactions and Smart Money. It embeds a protocol-level identity and privacy layer that enables users and applications to prove legitimacy and attributes without revealing personal data, powered by advanced zero-knowledge proof technology. Founded in 2018 and built on peer-reviewed research, Concordium enables Smart Money through programmable, protocol-level tokens and PayFi primitives such as time releases, selective disclosure, accountability controls, and ID-based geofencing. This makes Concordium a purpose-built privacy infrastructure for real-world interactions and stablecoin payments that require trust, transparency, and accountability without compromising user privacy.
The collaboration between the two organizations is based on two cooperative projects, both of which are connected to Concordium’s AI infrastructure. The Danish National Team’s helmet and jersey will include Concordium branding as part of this agreement, with category exclusivity across digital assets for the length of the agreement. Today, the Danmarks Ishockey Union (DIU) announced Concordium, the official AI partner of the Danish National Ice Hockey Team and a purpose-built AI infrastructure for businesses, agent networks, and developers. The collaboration will begin in the 2026 IIHF Ice Hockey World Championship in Switzerland.
The collaboration between the two organizations is based on two cooperative projects, both of which are connected to Concordium’s AI infrastructure. Using Concordium’s zero-knowledge proofs and an Agentic Commerce initiative, a Verified Fan Program will test a privacy-preserving fan experience, showing how verified AI agents working at scale may provide a much better fan experience. Concordium’s recent efforts with the x402 agentic payments protocol are strengthened by this collaboration.
“Agents transacting at scale need a verified identity they can carry and settlement rails they can trust,” said Varun Kabra, Chief Growth Officer at Concordium. “The infrastructure for that already exists. What it has lacked is legibility, a place where mainstream audiences can see it working. We are very excited to partner with the Danish Ice Hockey team to build together a solution where AI can deliver a much superior fan experience.”
The Danish National Team’s helmet and jersey will include Concordium branding as part of this agreement, with category exclusivity across digital assets for the length of the agreement. Concordium’s native token, CCD, is used to settle the whole partnership fee. This is the first national-team partnership to be paid and locked in a native protocol token. The payment is made on-chain at the time of signing, with DIU having complete self-custody and a twelve-month lock-up enforced at the protocol level.
Through broadcasters like Viaplay, ZDF, ARD, TSN, and ESPN, viewers in Sweden, Finland, Germany, Switzerland, Canada, and the US may watch the Danish Ice Hockey team’s games in the 2026 World Championship. A total of 215 million people watched the 2025 IIHF World Championship live, while 25.6 billion people saw the tournament in 155 nations.
Concordium is an AI infrastructure for the agentic economy, driven by a regulatory-grade blockchain that was specifically designed with identity and trust in mind.
The counterparty requires confirmation that a verified person authorized the autonomous actions of an AI agent. At the infrastructural level, Concordium provides that guarantee. Verified AI agents and verified humans work on the same identity layer exclusively on this platform. World-renowned cryptographers created it, and businesses, agent networks, and developers all around the globe rely on it. Visit concordium.com for more.
The Danmarks Ishockey Union is in charge of the senior men’s, women’s, and youth national teams for ice hockey in Denmark. With many players in the NHL and numerous World Championship quarterfinal appearances, Denmark consistently ranks among the top ten hockey nations. In only eight years, Denmark has established itself as a successful international host country, hosting four IIHF World Championships: the women’s competitions in 2022 and later in 2026, and the men’s competitions in 2018 and 2025.
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On June 24, 2026, Dollar Tree Inc (DLTR) shares rose 5.2% to a current price of $119.35. This recent uptick comes amidst a broader trend, with the stock experie
MILAN, ITALY - FEBRUARY 14: Phillip Bruggisser #42 of Team Denmark celebrates with teammates after scoring a goal in the second period during the Men's Preliminary Group C match between the United States and Denmark on day eight of the Milano Cortina 2026 Winter Olympic games at Milano Santagiulia Ice Hockey Arena on February 14, 2026 in Milan, Italy. (Photo by Bruce Bennett/Getty Images)
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"This was not just a matter of getting the logo on a jersey," said Michael DuPont, chief executive of the Danish Ice Hockey Union, on the On The Margin podcast. "This was something we could build a product on top of, together, that we could use for the future, mostly for the fans."
His new partner is the blockchain company Concordium, and it is paying its sponsorship fee in CCD, its own token, not a stablecoin. The federation is holding the coins. According to Concordium's announcement, unveiled around the 2026 IIHF World Championship and repeated across outlets including the National Law Review and Cryptopolitan, the fee settles on-chain with a 12-month protocol-level lock-up and full self-custody by the federation, which becomes the team's official AI partner with category exclusivity and branding on the helmet and jersey. "It settled in our native token, CCD," said Varun Kabra, Concordium's chief growth officer. The size of that payment was not disclosed, in the announcement or in any of the coverage that followed.
What the federation agreed to hold is worth a look. CCD trades about 94% below its all-time high of roughly nine cents, set in February 2022, according to CoinMarketCap. Its market value sits near $66 million, outside the top 300 cryptocurrencies, and daily volume runs around $400,000, thin by any standard, with most of it on the exchange MEXC. This is the asset whose price the payout now tracks for a year.
DuPont said the federation went in with eyes open. "We have been having a long dialogue with Concordium regarding the payment," he said. "We feel quite confident, with the response that we had to our questions, that this is a safe investment. What we invest is the brand of the association." The one-year frame is deliberate. "That's why we do this as a one-year partnership in the beginning," he said. "We want to see what this technology can create for the fan experience. And we are building this together as we go."
Branded crypto deals in sport carry a warning label. DigitalBits' roughly 85-million-euro shirt sponsorship of Inter Milan unraveled in 2022 after the company missed a 16-million-euro payment and the club pulled its logo mid-season, according to Ledger Insights. FTX's $135 million naming-rights deal for the Miami Heat arena was torn up after the exchange's 2022 bankruptcy, leaving the local county owed millions. Crypto broker Voyager's deal with the Dallas Mavericks ended in its own collapse. Regulators have noticed the pattern. On June 3, days before this season's marquee events, the UK's Financial Conduct Authority warned about crypto firms sponsoring football clubs. "Clubs should not let unauthorised financial firms exploit that loyalty by putting potentially dodgy products in front of millions of fans," said Lucy Castledine, the FCA's director of consumer investments. Kieran Maguire, a football finance lecturer at the University of Liverpool, has put it more bluntly, describing crypto investing as "gambling with a small g."
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The pilots underneath the deal are the reason DuPont says he signed. The first is a "verified fan" program. The second is what Concordium calls agentic commerce, where an AI agent buys tickets and pays for a fan it can prove is a real person. Both are announced plans, not deployed systems.
Kabra explained the identity idea with a pub. "Imagine you go into a pub and they ask to see your ID. You show your driver's license, and the person checking gets to see your name, where you live, all the other details, which they don't need to. All they need to understand is, are you allowed in the pub." He sells the version where you prove only that. "You give the person outside a blue ticket. The blue ticket proves you're above 18. And because it's a blockchain, it's an auditable proof," he said, so a regulator can confirm the checks happened without learning who showed up. He does not call it tracking. "There is a term called selective disclosure," he said.
Sport has tried blockchain ticketing before, with mixed results. The Royal Dutch Football Association ran a pilot in 2019, and UEFA trialed it from 2018. "While blockchain ticketing is still in its early stages, it holds great potential for the future," Stefan Van Hoof, the Dutch federation's head of ticketing, said at the time. Researchers later found the catch. A blockchain ticket on its own "can be bypassed by simply transmitting the private key," a 2022 study from Germany's Fraunhofer Institute and the University of Bayreuth concluded. Tying a ticket to a verified identity, which is what Concordium proposes, is the binding layer those earlier experiments lacked.
DuPont's problem is the absence of any binding at all. "We don't have any information regarding who is actually entering the rink, who is buying the tickets," he said. "We saw an example in soccer a couple of weeks ago in Denmark," where fans got in "with some fireworks, which is not allowed," and "managed to stop the game for several minutes." Was he comfortable keeping people out? "We only want the real fans to enter," he said.
Is this a surveillance ID by another name? Kabra has heard it before. "I always think of privacy and anonymity as completely different things," he said, pointing to his years at the privacy company Proton. "We believe at Concordium in the business of privacy, not in anonymity." Every account is tied to a verified human, "but because there is selective disclosure, nobody knows it is you." A separate provider holds the IDs, not Concordium, and prying one loose takes "a Swiss court order." "Anonymity attracts bad actors. Privacy does not attract bad actors," he said. "Privacy is a fundamental right, but it means you are in control and at the same time answerable to law."
The agent pilot reaches well past the rink. "AI assistants are booking your travel, managing your calendar. The next step is that the agents start transacting on your behalf," Kabra said. "When an AI agent books a flight, buys a ticket, the counterparty, the airline, has no way to verify whether a real accountable human is behind the transaction. That creates the classic trust gap, and it could open a door to fraud, bots acting as humans, agents operating with no accountability." His answer is to make the agent carry a verified human credential. "You cannot build two different worlds. Humans on one internet, AI agents on another internet," he said. He put a clock on it too, predicting agent transactions "might overtake the human-to-human transactions" in "six to twelve months." Treat that as his bet, not a forecast.
The pitch leans on where Concordium came from. Lars Seier Christensen, a co-founder of the Danish bank Saxo, started it in 2018 and built identity into the chain, so "you cannot get onto the chain unless you go through an ID process," Kabra said, with the ID shielded by zero-knowledge proofs. The company drew on academic cryptographers rather than the usual crypto crowd, among them Ivan Damgård, who heads its research center at Aarhus University, Torben Pryds Pedersen, its chief technology officer and the creator of a widely used cryptographic commitment scheme, and Ueli Maurer of ETH Zurich. "Concordium didn't come out of crypto culture," Kabra said. "We came out of academic cryptography and institutional finance."
DuPont is two months into the job, after a career running Danish retail. "Other sports are in front of us on digitalization," he said, listing handball, soccer and golf. "We are maybe a little bit behind, and this maybe moves us forward." The world championship was the announcement. The verified tickets, the agent payments, the proof that any of this makes a fan's night easier, all of it still has to be built over the season ahead, on a budget that rises and falls with one thinly traded coin.
Iran’s government shutdown internet access across the country in response to widespread protests. Iranians have taken to mesh networks to regain some access, emphasizing the need for a more decentralized alternative to the internet.
Protests broke out across major cities in Iran after the country’s government began raising the prices for gasoline. Although prices remain lower than the rest of the world, it is another injustice among a growing list. So far the protests have resulted in more than 1,000 arrests, several injuries, and a few deaths.
The government responded to these protests by staging an internet black out, blocking protestors from communication with one another or with anyone outside of the country.
Iran’s Internet Blackout Shortly after Iranians began reporting poor Internet connectivity, NetBlocks, a non-governmental organization that monitors Internet accessibility around the world, confirmed that “Iran is in the midst of a near-total national Internet shutdown.” NetBlocks also added:
“The ongoing disruption is the most severe recorded in Iran since President Rouhani came to power, and the most severe disconnection tracked by NetBlocks in any country in terms of its technical complexity and breadth.“
The blackout includes all social media services, such as WhatsApp and Instagram. For protestors looking to organize events and spread information, the Internet disruption has been a major obstacle. There are also concerns that without the ability to share and document the events happening throughout the country, it would be difficult to implicate the Iranian government of wrongdoing.
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(Source: NetBlocks)
When citizens attempted to connect to the Internet via their mobile devices, they were met with a recorded message from the National Security Council indicating that connectivity had been disconnected. To get a better understanding of how this is possible for a country with a population of 80 million, it is necessary to dig into changes Iran has been making to its telecommunications services.
The country’s leaders have been battling with similar economic protests in Iran since 2017. As such, the government has taken steps to gain more control over typically decentralized networks. In 2005 officialss first began work on a “national Internet,” sometimes called the “clean Internet,” and sought to distinguish the Iranian Internet experience from the rest of the world through censorship.
This was accomplished through agreements between private companies and the government, as well as technical solutions. Much of the same is happening in countries like Russia, Ethiopia, North Korea, and Venezuela. Similarly, China built its national Internet with such controls implemented from the beginning.
Since these adjustments have been in place, Iran has been able to bring Internet connectivity to five or seven percent of its typical levels. At the same time, Ayatollah Seyed Ali Khamenei, the country’s supreme leader, continued to post on Twitter.
Forming a Peer-to-Peer Internet In response to the shutdown, citizens turned to alternatives to bypass the intranet and communicate with one another. A local service called Toosheh, previously used to hack satellite televisions and stream “bundles” of typically censored content, has been gaining traction.
The NetFreedom Pioneers, a group of American and Iranian activists behind the project said that “It can’t be censored…it comes from the sky. Our users just get a big folder of content, and there’s no trace of it on the Internet.”
Now, with the protests in Iran in full swing, Toosheh is doing a lot more than just streaming videos. Hacker News, a popular forum for all things tech, hosted a conversation from Nov. 17, 2019 around Iran’s Internet blackout. One person wrote:
“I live in Iran and I am lucky enough to have a connected link right now, but this is the last link among the others I lost in the previous hours. I was wondering is there any stable solution like satellite Internet or something without direct affiliation with government for people like me, desperate enough to ask questions like this.“
A fellow Iranian responded with a link to Toosheh adding, “install Toosheh while you can.” The conversation on Hacker News also cited the use of mesh networks and “a decentralized, blockchain-based DNS” to instantiate a truly “free” Internet. Scanning the crypto space over the past few years, such visions are not uncommon.
GoTenna, for instance, is a device about the size of a USB key which, when paired with other devices, can create a local network. Participants can pass encrypted messages and hop between other users without the use of the Internet. The technology has been welcomed by the cryptocurrency community with developers combining the two services to oust not just banking services, but other tech conglomerates from spying on participants’ activity.
Similar services like Locha Mesh, SmartMesh, and New Kind of Network (NKN), are all pursuing similar ends. Each outlines an alternative view of the Internet, some of which also use cryptographic tokens. Instead of an internet dominated by centralized providers, which are often beholden to local governments, the groups building these mesh networks are executing on the idea of a ‘free’ internet. This idea isn’t new. Early proponents like John Perry Barlow had a vision for an unencumbered internet in the nineties.
In his most famous work, “A Declaration of the Independence of Cyberspace,” Barlow wrote in 1996, “governments of the Industrial World, you weary giants of flesh and steel, I come from Cyberspace, the new home of Mind. On behalf of the future, I ask you of the past to leave us alone. You are not welcome among us. You have no sovereignty where we gather.“
Written in 1996, nearly a decade before the launch of Facebook, the 2008 financial crisis, and more than twenty years before the protests in Iran, one can only wonder what Barlow would make of the Internet experience in 2019.
Disclosure: This article was edited by Liam Kelly. For more information on how we create and review content, see our Editorial Policy.
Sia has launched Skynet, a content delivery network (CDN) and web hosting platform.
Skynet is powered by Sia’s blockchain-based, peer-to-peer file storage network. Users and developers can upload files and applications to Skynet. Those files will stay online as long as at least one peer is willing to “pin” the file.
This means that data is, more or less, permanent and immutable, announced the project on Feb. 18.
Sia’s Skynet service should be distinguished from its main file hosting service, which costs money, and which is intended as private cloud storage for individual users.
By contrast, Skynet is intended for public web hosting. Support for encrypted private data is under development, but it is not currently a feature of the platform.
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Economics of the Service Currently, anyone can upload a file to Skynet through various web portals through Sia’s command-line client, or through web apps such as this Pastebin-like text uploader.
It is not clear if Sia has any plans to prevent spam by limiting uploads per user or restricting file sizes. According to Sia, Skynet nodes only experience about $10 of additional transaction fees each month—suggesting that network capacity is plentiful and not an immediate concern.
Crypto incentives are ahead: Sia says that portals may eventually accept microtransactions via the Lightning Network and other channels. However, Skynet is entirely free for now.
Facing the Competition Sia’s Skynet is not the only web hosting platform of its type.
IPFS, a sister project of Filecoin, serves a similar purpose, and it has risen to popularity since it went live in 2015. TRON’s BitTorrent File System and NKN (New Kind of Network) are two other decentralized, blockchain-integrated platforms aimed at web hosting and content delivery.
These services have great potential. Lack of central control means that data cannot be unilaterally censored or blocked; instead, any part of the network can host data if it wishes to.
However, there are issues: long-term data permanence is not guaranteed, large-scale performance is not yet proven, and some networks have not agreed on an approach to illegal content.
Visibility may be the largest problem at the moment. Fortunately, browsers like Brave, Opera, and Unstoppable Browser are gradually introducing support for decentralized protocols.
Together, their efforts could lead to wider mainstream support in the future.
Disclosure: This article was edited by Mike Dalton. For more information on how we create and review content, see our Editorial Policy.
NKN’s price jumped +90% in a sudden move yesterday. Since then, it has been down 44%, a strong correction. But what is NKN crypto, and what caused this pump?
New Kind of Network, is a crypto project building a decentralized internet by sharing bandwidth. Unlike traditional providers, NKN lets users connect peer-to-peer and earn tokens to share unused internet. Its blockchain-powered protocol aims for a faster, more open internet.
NKN runs on over 113,000 nodes worldwide, outpacing Bitcoin and Ethereum in scale. These nodes relay data, like messages and files, using “Proof of Relay,” rewarding useful activity instead of energy-heavy mining like Bitcoin. Its “Major Vote Cellular Automata” (MOCA) consensus ensures efficient, decentralized data flow. NKN also explores cutting-edge uses, like secure data relay for decentralized AI inference, aligning with 2025’s AI-blockchain trend.
DISCOVER: Best Meme Coin ICOs to Invest in April 2025
Apps like nMobile and nConnect highlight NKN’s utility. nMobile offers encrypted, anonymous messaging and doubles as a crypto wallet, while nConnect provides VPN-like remote access. These tools appeal to privacy-conscious users and show NKN’s focus on secure communication, not just payments or storage.
NKN Crypto Touches New ATL – Could New Partnerships And Buybacks Reverse This Trend?
(NKNUSDT)
NKN’s peak was in early 2022, when it touched an ATH of $245 million. Since then, the price has kept plummeting with random spikes. On April 16, NKN touched an ATL of $12 million.
Yet, yesterday, finally the sell pressure weakened enough for traders to scoop the bottom. NKN crypto surged nearly 90%, driven by exchange partnerships, trading competitions, and a buy-back plan for its 1 billion token supply (650 million circulating). A 1 million token giveaway via nMobile boosted buying.
In order to strengthen the NKN ecosystem, we plan to carry out a long term strategic token buy-back program.
— NKN (@NKN_ORG) April 8, 2025
Still, NKN’s dip below key averages in 2024 reminds investors of crypto’s volatility.
While NKN’s open network drives innovation, a 2023 malware, NKAbuse, exploited its protocol, highlighting security challenges. The team continues to strengthen safeguards. With strong community support, once boasting 67,000 active nodes, and growing interest in its AI and privacy tools, NKN could reignit the hype. Its recent pump shows how utility, rewards, and market buzz can align, but volatility remains a risk.
DISCOVER: Top 20 Crypto to Buy in April 2025
From NKN’s Volatility to Smarter Trading: How MIND of Pepe Helps Investors Spot the Next Big Crypto
NKN recently caught traders’ attention with a sudden 90% price surge, only to drop 44% shortly after. This pattern reflects a common challenge in crypto: identifying genuine opportunities amid market hype. While NKN’s decentralized network and AI integrations are promising, its price has struggled since early 2022, highlighting the difficulty of timing investments in a rapidly evolving market.
In the dynamic world of crypto, staying ahead requires more than just following trends: it demands tools to anticipate them. MIND of Pepe ($MIND) offers such a solution. This AI-powered trading assistant continuously scans social media, on-chain data, and market sentiment to identify potential breakout tokens before they gain mainstream attention, like the recent NKN breakout.
MIND Offers AI-Powered Tools To Enhance Your Trading Experience What sets MIND of Pepe apart is its proactive approach. If the AI detects a promising trend, it can autonomously launch new tokens, providing $MIND holders with early access. This feature transforms passive observation into active participation, giving investors a unique edge in the market.
MIND of Pepe is powered by a cutting-edge Retrieval-Augmented Generation (RAG) system and live market data. The AI isn’t just reactive. It understands the market as it moves. Its large language model persona has been trained on a targeted dataset of 60,000 tweets from top AI agents and 3,000 real crypto insights, giving it a deep grasp of how traders think, speak, and act.
The result? A sharper, more intelligent assistant that delivers real-time analysis with context-aware insights. It provides alerts, trends, and even meme generation—blending culture with utility.
The $MIND token is currently available at $0.0037265 during its presale, with over $8 million already raised. Investors can purchase tokens through the MIND of Pepe website using wallets like Best Wallet. Post-launch, $MIND will be listed on both centralized and decentralized exchanges, expanding its accessibility.
MIND of Pepe equips investors with the insights and tools needed to identify and act on emerging opportunities in a market where timing is crucial. Combining AI-driven analysis with proactive engagement offers a forward-thinking approach to crypto investing.
Visit MIND Here
DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now
Key Takeaways Volatile Price Action: NKN surged +90% recently before correcting 44%, showing both potential and volatility in short-term trading. Strong Tech Foundation: It runs over 113,000 nodes—more than Bitcoin or Ethereum—using “Proof of Relay” and MOCA consensus for data transmission. Real-World Utility: Apps like nMobile and nConnect highlight NKN’s focus on privacy, messaging, and decentralized internet infrastructure. AI-Driven Insights: MIND of Pepe uses a context-aware AI trained on crypto data to help investors identify breakout tokens early.
Binance to remove NKN/BTC and STX/BNB spot trading pairs
PANews reported on August 6 that according to an official announcement, based on the recent review results, Binance will remove the following spot trading pairs and stop trading at 11:00 on August 8, 2025 (Eastern Time): NKN/BTC and STX/BNB.
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Author: PA一线
This content is for market information only and is not investment advice.
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Iran's Revolutionary Guards Corps warned that any vessels using the Strait of Hormuz route without Tehran's approval will be targeted.
Iran's Islamic Revolutionary Guard Corps (IRGC) issued a stern warning to international shipping on Wednesday, stating that any new shipping route through the Strait of Hormuz established without coordination with Tehran is unacceptable and dangerous, and threatening to take direct action against vessels that ignore its orders. The IRGC declared that vessels can only safely transit the Strait of Hormuz via routes designated by Iran. The IRGC Navy added that all vessels seeking to transit the strait must coordinate with the Iranian military via International Maritime Distress and Safety Frequency Channel 16, a requirement that effectively places Iranian military approval at the core of all commercial shipping transiting this key chokepoint. (Jinshi)
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A crypto whale holding 120,000 ETH long positions has an unrealized loss of over $77 million, and added $8 million in margin in the early hours.
According to on-chain analyst ai_9684xtpa’s monitoring, a whale holding 120,000 ETH in long positions added $8 million in margin in the early hours. Currently, the total unrealized loss on its ETH long positions across four linked addresses stands at approximately $77.047 million, with an average entry price of around $2,265. Data shows the liquidation prices for the four addresses are $1,174.6, $1,059.1, $1,064.7, and $1,143.6 respectively. Despite the significant paper losses, there remains a large buffer before liquidation, and over 6 million USDC is still held on-chain to replenish margin, resulting in low short-term liquidation risk.
1 minutes ago
A crypto whale holding 120,000 ETH long positions is sitting on an unrealized loss of over $77 million, and added $8 million in margin in the early hours.
According to on-chain analyst ai_9684xtpa’s monitoring, the whale holding a long position of 120,000 ETH added $8 million in margin again in the early hours. Currently, the ETH long positions across its four associated addresses have accumulated an unrealized loss of approximately $77.047 million, with an average entry price of around $2,265. Data shows the liquidation prices for the four addresses are $1,174.6, $1,059.1, $1,064.7, and $1,143.6 respectively. Despite the massive unrealized loss, there is still a significant buffer before liquidation, and over 6 million USDC are still held on-chain to supplement margin, leading to low short-term liquidation risk.
1 minutes ago
Ripple's stablecoin RLUSD approved to enter Japanese market
According to official announcements, Ripple’s stablecoin RLUSD has been officially approved by Japan’s Financial Services Agency (JFSA) and launched in Japan. Through a partnership with SBI Group and its subsidiary trading platform VCTRADE, RLUSD will be accessible to institutional and retail users for use in scenarios including payments, asset tokenization, and collateral management.
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WSJ: CoinEx Linked to Iran-Related Cryptocurrency Fund Flows
According to a Wall Street Journal report, since 2019, wallets linked to Iran have transferred over $3.84 billion in assets via cryptocurrency exchange CoinEx. On-chain data shows that CoinEx’s custodial wallet received crypto proceeds from hacks tied to Iran’s central bank, and conducted direct transactions with accounts previously designated by U.S. officials as belonging to Iran’s Islamic Revolutionary Guard Corps. Additionally, in 2024, CoinEx replaced Binance to become the largest overseas counterparty for Iranian exchange Nobitex, with the two parties recording over $763 million in fund flows last year. Between 2022 and 2025, CoinEx’s custodial wallet also processed transactions involving individuals suspected of participating in the sanctioned Iranian oil sales network.
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Market Sentiment: Current sentiment among smart money and retail funds in the market is at a neutral level.
According to the latest data from SentimenTrader, as of June 24, the Smart Money Confidence Index stands at 0.56, while the Dumb Money Confidence Index is at 0.49. Both smart money and retail investor sentiment are currently in the neutral range, with no clear optimistic or pessimistic bias emerging in the market.
This is a general Binance Exchange Notice. Products and services referred to here may not be available in your region. Fellow Binancians, At Binance, we periodically review each digital asset we list to ensure that it continues to meet a high level of standard and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics. When we conduct these reviews, we consider a variety of factors. Below are the updated metrics we look at that influence whether we decide to delist a digital asset: Commitment of team to projectLevel and quality of development activityTrading volume and liquidityStability and safety of network from attacksLevel of public communication, community engagement, and transparencyResponsiveness to our periodic due diligence requestsEvidence of unethical/fraudulent conduct or negligenceNew regulatory requirementsMaterial/unjustified increase in token supply or changes to tokenomicsImpact from changes to the project’s ownership structure or to the core team membersCommunity sentiments Based on our most recent reviews, we have decided to delist and cease trading on all spot trading pairs for the following token(s) at 2026-02-13 03:00 (UTC): Acala Token (ACA)Tranchess (CHESS)Streamr (DATA)dForce (DF)Aavegotchi (GHST)NKN (NKN) Please note: The delisting schedule may or may not apply to the products listed below, depending on their association with the token(s) being delisted.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Spot The spot trading pair(s) of the aforementioned token(s) will be removed.All trade orders will be automatically removed after trading ceases in each respective trading pair. Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2026-02-13 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses. Binance Spot Copy Trading will delist the aforementioned spot trading pairs on 2026-02-06 03:00 (UTC) - After this time, any outstanding assets will be force-sold at market price or moved to the Spot Account if the amount is unsellable. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to Binance Spot Copy Trading delisting time to avoid potential losses. Accounts The token's valuation will no longer be displayed in users’ accounts after delisting. To view their assets after trading ceases, users should ensure they have not selected “Hide Small Balances” in all of their accounts.Deposits of these token(s) will not be credited to users’ accounts after 2026-02-14 03:00 (UTC). Withdrawals of these token(s) from Binance will not be supported after 2026-04-13 03:00 (UTC). Delisted tokens may be converted into stablecoins on behalf of users after 2026-04-14 03:00 (UTC). Please note that the conversion of delisted tokens into stablecoins is not guaranteed. A separate notification will be made before the conversion where applicable, and the stablecoins will be credited to users’ Binance accounts after the conversion. In situations where token conversion is not feasible, Binance will keep withdrawals open, subject to network availability. Futures Binance Futures will close all positions and conduct an automatic settlement on the contracts of the aforementioned token(s) at 2026-02-06 09:00 (UTC). The contracts will be delisted after the settlement is complete. Users are advised to close any open positions prior to the delisting time to avoid automatic settlement. Users are not allowed to open new positions for the contracts of the aforementioned token(s) starting from 2026-02-06 08:30 (UTC). In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the contracts of the aforementioned token(s) without further announcements, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. Funding Rate Arbitrage Bot At 2026-02-06 09:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the symbols of the aforementioned token(s). The pairs will no longer be available for opening new arbitrage strategies upon delisting. Simple Earn Binance Simple Earn will delist the token(s) mentioned above after 2026-02-09 07:00 (UTC). Users may choose to redeem their Flexible and Locked Products positions beforehand. Otherwise, these Flexible and Locked Products positions will be automatically redeemed at the above-mentioned time, and subsequently transferred to users’ Spot Accounts, together with any accrued rewards. Dual Investment Binance Dual Investment will cease support for the aforementioned token(s), and users will not be able to subscribe to these products starting from the subsequent Friday at 08:00 (UTC). Unsettled subscriptions will be refunded on the subsequent Friday at 08:00 (UTC). The asset, including rewards, will be distributed to users’ Spot Accounts within 4 hours. The rewards will be calculated based on the actual subscription period. Mining Pool Binance Pool will cease support for mining the token(s) mentioned above at 2026-02-06 3:00 (UTC). Your final payment will be settled on the following day. We strongly advise all users to stop mining the token(s) before Binance Pool ceases mining support for the token(s) to avoid any potential losses. Loan At 2026-02-06 07:00 (UTC) VIP Loan and Flexible Loan will close all outstanding loan positions for the aforementioned token(s) as loanable token(s) and collateral token(s). Users are strongly advised to repay their outstanding loans before the automatic closure to avoid any potential losses, where applicable. Margin Cross Margin & Isolated Margin Binance Margin will delist the aforementioned token(s) from Cross and Isolated Margin at 2026-02-06 10:00 (UTC) (the “Margin Scheduled Delisting Time”). The cross and isolated margin pair(s) of the aforementioned token(s) will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token(s) via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their Margin Accounts. If users hold outstanding liabilities of said tokens, these users may only manually transfer up to the amount of liabilities of that token into their Margin Accounts, less any collateral already available.At 2026-02-03 06:00 (UTC), Binance Margin will suspend borrowings on the aforementioned cross margin token(s) and isolated margin pair(s). At the Margin Scheduled Delisting Time, Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned isolated margin pair(s), which will then be removed from isolated margin.At the Margin Scheduled Delisting Time, if users hold both collateral and liabilities of the aforementioned token(s) on cross margin, the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:If users only hold the aforementioned token(s) in the form of collateral: If the Collateral Margin Level (CML) is above 2, the aforementioned token(s) will be transferred to users’ Spot Accounts, up to the point when the CML reaches 2. The remaining token(s) in their Cross Margin accounts that are to be delisted will then be fully sold. If the CML is below 2, the remaining token(s) in users’ Cross Margin Accounts that are to be delisted will be fully sold. If users only hold the aforementioned token(s) in the form of liabilities:If CML is at or above 2, pending orders will not be affected. If the CML is below 2, all pending orders in their Cross Margin Accounts will be canceled. The system will then sell other collateral tokens to buy and fully repay the delisting token(s)’ liabilities.Please note that users will not be able to update their positions during the delisting process, which may take approximately 3 hours. Users are strongly advised to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of margin trading. Binance will not be responsible for any potential losses. Portfolio Margin If the aforementioned token(s) remain in the Portfolio Margin Account after the Margin Scheduled Delisting Time, they will be automatically liquidated. The delisted margin assets will be sold for USDT, and the proceeds will be added to the user's Portfolio Margin balance. Binance is not liable for any losses incurred.Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Accounts to their Spot Accounts and to top up their margin balance before the Margin Scheduled Delisting Time where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Account. Please Note: For futures perpetual contracts, please refer to the relevant Futures announcements. Refer to this FAQ for more information on how any remaining balances of the aforementioned token(s) in Portfolio Margin users’ Margin Accounts will be treated. Convert Binance Convert will subsequently delist the aforementioned token(s) and all associated pair(s) at 2026-02-13 02:00 (UTC)Convert Low-Value Assets will delist the token(s) mentioned above at 2026-02-12 02:00 (UTC). Users may choose to convert the low-value assets beforehand. Buy & Sell Binance Buy & Sell Crypto will delist the aforementioned token(s) and all associated pair(s) at 2026-02-03 03:00 (UTC). Gift Card Binance Gift Card will delist the token(s) mentioned above at 2026-02-13 03:00 (UTC). Users are encouraged to manage Gift Cards containing these token(s) in advance to avoid any inconveniences. Pay Binance Pay will delist the aforementioned token(s) at 2026-02-06 03:00 (UTC). We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth. Thank you for your support! Binance Team 2026-02-02
NKN (NKN), internet altyapısını daha açık, merkeziyetsiz ve kullanıcı odaklı hale getirmeyi amaçlayan, blokzincir tabanlı yeni nesil bir eşler arası (P2P) ağ protokolüdür. Proje, mevcut internet mimarisinin merkezi yapısından kaynaklanan güvenlik, ölçeklenebilirlik ve veri kontrolü gibi sorunlara alternatif bir çözüm sunmayı hedefler. Temel vizyonu; daha güvenli, dinamik, paylaşım odaklı ve topluluk tarafından sahiplenilen bir internet ekosistemi oluşturmaktır.
2018 yılının Ocak ayında kurulan NKN, teknoloji ve telekomünikasyon alanında deneyimli mühendis ve girişimciler tarafından hayata geçirilmiştir. Projenin arkasındaki ekip, küresel ölçekte tanınan teknoloji şirketlerinde görev almış uzmanlardan oluşur. Bu da NKN’nin teknik altyapısının güçlü ve vizyonunun uzun vadeli olduğunu gösteren önemli bir unsurdur.
NKN (NKN) Nasıl Çalışır? Projenin çalışma prensibi, klasik internet altyapısından oldukça farklıdır. Merkezi sunucular yerine, ağdaki kullanıcıların cihazları birer node (düğüm) olarak görev yapar. Bu yapı sayesinde veri iletimi doğrudan kullanıcılar arasında gerçekleşir ve aracıların rolü minimize edilir.
Merkeziyetsiz Veri Ağı NKN, tamamen merkeziyetsiz bir veri iletim ağı üzerine kuruludur. Bu modelde her node, ağın bir parçası olarak veri iletimine katkıda bulunur. Kullanıcılar, sahip oldukları kullanılmayan bant genişliğini paylaşarak ağın büyümesine ve verimliliğine katkı sağlar.
Hücresel Otomat (Cellular Automata) Yapısı Ağdaki her node, hücresel otomat kurallarına göre çalışır. Bu sistemde her düğüm kendi durumunu, komşu düğümlerin durumuna göre günceller. Bu yaklaşım, ağın dinamik ve kendi kendini optimize eden bir yapıya sahip olmasını sağlar.
Proof of Relay (PoR) Konsensüsü NKN’nin en dikkat çekici özelliklerinden biri Proof of Relay (PoR) adı verilen konsensüs mekanizmasıdır. Bu modelde kullanıcılar, veri iletimine katkıda bulunarak ödül kazanır. Yani klasik madencilikten farklı olarak, veri transferine aracılık etmek ekonomik olarak teşvik edilir. Bu da ağı hem daha verimli hem de daha sürdürülebilir hale getirir.
NKN (NKN) Temel Özellikleri Bant Genişliği Teşvik Modeli Proje, kullanıcıları ağ kaynaklarını paylaşmaya teşvik eden bir ekonomik modele sahiptir. Kullanıcılar, boşta kalan internet bant genişliklerini paylaşarak ödül kazanabilir. Bu model, ağın kapasitesini organik şekilde artırır.
Optimize Edilmiş Yönlendirme (Routing) Proje ağı, veri paketlerini en hızlı ve en verimli şekilde iletmek için özel bir “proximity routing” algoritması kullanır. Bu sayede veri, her zaman en kısa ve en hızlı yolu izler.
IP Adresi Gerektirmeyen Yapı Projede veri iletimi için geleneksel IP adreslerine ihtiyaç duyulmaz. Bu durum, kullanıcı gizliliğini artırırken aynı zamanda siber saldırılara karşı ek bir güvenlik katmanı sağlar.
Uçtan Uca Güvenlik Veri iletimi sırasında hem uçtan uca hem de düğümler arasında şifreleme uygulanır. Üstelik bu sistem, geleneksel sertifika otoritelerine veya üçüncü taraf güvenlik yapılarının varlığına ihtiyaç duymaz.
Yüksek Ölçeklenebilirlik NKN ağı, milyonlarca node’u destekleyebilecek şekilde tasarlanmıştır. Bu da onu, ölçeklenebilirlik açısından birçok geleneksel blokzincir ağından daha ileri bir konuma taşır.
NKN (NKN) Ekosistemi ve Çözümleri NKN sadece bir protokol değil, aynı zamanda çeşitli uygulamalar ve servislerden oluşan geniş bir ekosistem sunar.
nMobile nMobile, merkeziyetsiz bir iletişim uygulamasıdır. Mesajlaşma, cüzdan entegrasyonu ve diğer Web3 hizmetlerini tek bir platformda sunar. Merkezi sunucuların olmaması, güvenlik ihlallerini büyük ölçüde ortadan kaldırır.
dataRide dataRide, geliştiriciler ve işletmeler için özel çözümler sunan bir platformdur. İçeriğinde nCDN (merkeziyetsiz içerik dağıtım ağı) ve nConnect gibi araçlar bulunur. Aynı zamanda geliştiriciler için kapsamlı dokümantasyon sağlar.
NKN (NKN) İnternet Altyapısına Getirdiği Yenilikler Sunucusuz (Serverless) Mimari Proje tamamen P2P tabanlıdır ve merkezi sunuculara ihtiyaç duymaz. Bu durum hem maliyetleri düşürür hem de tek hata noktası (single point of failure) riskini ortadan kaldırır.
Düşük Gecikme (Low Latency) Ağ, düşük ping süreleri ve hızlı veri iletimi sunar. Bu özellik, özellikle gerçek zamanlı uygulamalar (oyunlar, AR/VR, IoT) için kritik öneme sahiptir.
Yük Dengeleme ve Hız Toplama Proje, birden fazla veri yolunu aynı anda kullanarak toplam hızın artmasını sağlar. Bu da veri iletiminde yüksek performans anlamına gelir.
Evrensel Kimlik Sistemi Her kullanıcıya özel bir NKN adresi atanır. Bu adresler sayesinde dünya genelinde herhangi bir yerden erişim ve iletişim mümkündür.
NKN Token (NKN) Nedir? Token, ağın yerel kripto para birimidir ve ekosistemin ekonomik temelini oluşturur. Kullanıcılar, veri iletimine katkı sağlayarak NKN token kazanır. Aynı zamanda ağ üzerindeki işlemler için de bu token kullanılır.
NKN (NKN)Tokenomics NKN token dağılımı, uzun vadeli sürdürülebilirlik ve dengeli bir ekosistem oluşturmak amacıyla planlanmıştır:
Vakıf (Foundation): %17 Geliştiriciler (Developers): %18 Madenciler (Miners): %30 Katılımcılar / Alıcılar (Purchasers): %35 Bu dağılım, ağın hem teknik gelişimini hem de topluluk katılımını destekleyecek şekilde yapılandırılmıştır.
Madencilik Modeli NKN’de madencilik ödülleri 25 yıllık bir periyoda yayılmıştır. Ancak bu ödüller zamanla azalacak şekilde tasarlanmıştır. Bu model, enflasyonu kontrol altında tutarken uzun vadeli teşvik mekanizmasını korur.
NKN Hangi Borsalarda Listeleniyor? Token, birçok büyük kripto para borsasında işlem görmektedir. Bunlar arasında:
Coinbase Binance Huobi Upbit Crypto.com Gate.io Uniswap MEXC KuCoin WazirX Bitvavo SWFT Blockchain Bu geniş listeleme ağı, projenin küresel ölçekte erişilebilir olduğunu gösterir.
Resmi Bağlantılar Website X (Twitter) Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
Upbit, one of South Korea’s leading cryptocurrency exchanges, has officially announced that it will remove the NKN token from its platform as of June 15th. According to the information released by the exchange, trading support for NKN will end at 09:00 on June 15th. Following this decision, users are advised to close their open positions and withdraw their assets by that date.
Upbit stated that the delisting decision was made after a comprehensive review process. The company explained that the evaluations identified various shortcomings in the project and that the current situation posed potential risks to users. Exchange officials emphasized that protecting investors was the primary goal.
The statement noted that the decision was made after a detailed examination of the project’s business model, sustainability, ecosystem development, and level of technical progress. In addition, on-chain token ownership trends, trading volume in local and international markets, liquidity levels, and listing status on other major cryptocurrency exchanges were also considered as evaluation criteria.
NKN stood out as a blockchain-based project aiming to develop a decentralized network infrastructure. However, recent developments related to the project falling short of expectations and a decline in market activity have negatively impacted investor confidence.
Market analysts note that a delisting decision by a major exchange like Upbit could create short-term selling pressure on NKN. They point out that similar decisions have led to sharp price fluctuations in related tokens in the past.
Experts emphasize that investors should carefully monitor exchange announcements during delisting processes and that it is important for them to complete necessary transactions in advance to avoid delays, especially regarding withdrawal times.
*This is not investment advice.
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A prominent market analyst presents timelines for XRP to claim new heights, leveraging pointers from his “Bifrost Bridge” analysis.
The analysis comes on the back of XRP’s recent positive performance. The asset surged 283% in November, marking its best monthly performance in seven years. December is continuing this momentum, with XRP gaining an additional 26.4% just 12 days into the month.
Market analyst EGRAG has compared the ongoing rally with XRP’s trajectory in the 2017 cycle. He suggests that this current price behavior mirrors patterns observed before XRP achieved its all-time high (ATH) of $3.31 in January 2018.
Using his “Bifrost Bridge” analysis, EGRAG forecasts two potential price milestones for XRP: $6 and $27. Notably, he based these targets on Fibonacci retracement levels and historical price movements.
XRP Could Target $6 and $27 In his analysis, EGRAG highlighted XRP’s early 2017 market moves. For context, in March 2017, XRP rallied 150% from a critical support zone, which the analyst calls the “purple foundation.”
Interestingly, this initial rally set the stage for a more extraordinary 1,330% gain in May 2017. EGRAG projects that XRP’s ongoing uptrend could follow a similar trajectory. If the same percentage gains repeat, XRP may achieve new heights.
In the current December monthly candle, the analyst believes aims for the “gold region,” situated between $4.3 and $6.4. Data from the chart shows that these initial price targets align with Fibonacci retracement levels of 1.414 and 1.618.
XRP 1M Chart EGRAG Crypto Meanwhile, for the next monthly candle, January 2025, EGRAG sees a massive 1,330% rally that could push XRP into a second gold region. He expects this gold region to rest between the lofty prices of $13.7 and $27.3, aligning with another retracement zone.
EGRAG Dismisses Market Cap Skepticisms Notably, previous skepticism about achieving such targets had emerged. They often center on the increased liquidity and larger market cap in today’s crypto markets. However, EGRAG addressed this by comparing the total market caps for 2017 and 2024 (TMC).
In May 2017, the crypto market cap stood at $60 billion. Today, it has ballooned to $3.7 trillion, marking a 6,000% increase or a 61x multiple. EGRAG suggests applying this same multiplier to XRP’s 2017 market cap of $15 billion. This would result in a hypothetical $900 billion XRP market cap.
Interestingly, to contextualize these figures, XRP would need to capture between 9% and 18% of the TMC, depending on whether it grows to $5 trillion or $10 trillion. Given XRP’s use cases in cross-border payments, such dominance in market share is considered feasible.
For context, Ripple CEO Brad Garlinghouse previously predicted that the TMC could rise to $5 trillion. Today, XRP trades for $2.48, boasting a market cap of $140 billion and 3.96% market dominance. If its dominance reclaimed the 2017 peak of 31%, this would translate to an XRP market cap of over $1 trillion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
A notable market veteran says XRP could reach a three-digit figure, suggesting the recent drop is just a retest of a double-bottom breakout.
Gert van Lagen, a Dutch technical analyst, noted this while discussing XRP’s price movements on the weekly chart. He argued that the current XRP price retracement could be a necessary retest, setting the stage for an explosive run that could surpass $100.
XRP Historical Double Bottom Structure His weekly chart highlights XRP’s historical patterns, with a focus on its first cycle. For context, during this period, XRP formed a similar double-bottom structure. After achieving an all-time high of $0.0614 in December 2013, XRP collapsed. This slump led to the first bottom at $0.00281 in July 2014.
Despite a recovery to $0.028 in December 2014, XRP failed to break its 2013 ATH. This resistance triggered another collapse, reaching a second bottom at $0.003 in January 2017.
XRP 1W Chart | Gert van Lagen However, in an interesting turn, a breakout from the double bottom led to a more substantial uptrend. After breaking above this double-bottom pattern in March 2017 and retracing to retest the breakout, XRP experienced a parabolic surge, reaching a new ATH of $3.31 by January 2018.
XRP Forms Similar Double-Bottom Fast forward to the current cycle, XRP’s price movements are similar to the previous behavior. After reaching its ATH of $3.31 in January 2018, XRP entered a prolonged bearish phase, which led to the formation of a second double-bottom structure.
The asset found its first bottom at $0.1140 in March 2020 before rebounding to $1.96 in April 2021. However, this recovery fell short of reclaiming the $3.31 ATH. A subsequent collapse brought XRP to its second bottom at $0.2870 in June 2022, following the market-wide turmoil triggered by Terra’s downfall.
This double-bottom setup is again signaling the possibility of a massive bullish breakout. November 2024 marked a crucial turning point, as XRP rallied by 283%, echoing a similar 284% surge from March 2017. Van Lagen believes this rally confirmed the double-bottom breakout.
A Healthy Retest However, XRP has since retraced to $2.2 amid a broader market pullback. Van Lagen asserts that this pullback is a healthy retest of the breakout zone. Notably, such retests are essential for establishing strong support levels.
Van Lagen predicts that if XRP replicates the previous run, it could surpass $100 this cycle. Specifically, data from his chart shows a likely rally to $150, marking an upsurge of 6,718% from the current $2.2 price. For context, XRP rallied 12,592% to $3.31 after a similar retest in 2017.
Interestingly, EGRAG, another prominent market analyst, confirmed the bullish outlook. He noted that he and other confident market watchers have faced ridicule for projecting rallies to double-digit prices. However, market veterans are now expecting XRP to hit a triple-digit price.
They used to call us crazy for saying double digits for #XRP now they are charting #XRP for 3 digits.
Trust the process.
Men lie, women lie but charts don’t lie https://t.co/Y7XTvA7FM2
— EGRAG CRYPTO (@egragcrypto) December 19, 2024
For context, EGRAG has always been confident that XRP could reach $27. Most recently, he identified an XRP profit-taking zone between $4.42 and $27.86, based on Fibonacci extensions. He also recently introduced the “Bifrost Bridge” framework, which suggests XRP could reach $6 by December 2024 and $27 by January 2025.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Bifrost remains a Bitcoin liquidity innovation leader by extending BTCFi ecosystem capabilities through a partnership with Oasys MCH and PLANZ. Through this partnership, Bifrost aims to strengthen $BtcUSD adoption across GameFi and DeFi applications, creating fresh opportunities for gaming enthusiasts and decentralized finance users.
Key Highlights of the Partnership The integration of $BtcUSD within Oasys creates opportunities for the platform’s game-optimized blockchain users due to its strong presence in Japan. Gaming DEX is the leading decentralized exchange on Oasys, where the $BtcUSD stablecoin will initiate its availability. The currency $BtcUSD draws rewards from liquidity-providing parties when they stake their funds across new pools. The Ragnarok platform, developed by Oasys, will utilize $BtcUSD as its first perpetual decentralized exchange on its blockchain.
Renowned blockchain gaming and Web3 development experts MCH and PLANZ bring their extensive expertise to the collaborative partnership with Bitfrost. The collaboration among these entities will streamline the development of distinctive use cases for $BtcUSD across gaming platforms to establish DeFi and GameFi integration.
Innovative Use Cases for $BtcUSD The integration with Oasys opens a variety of revenue-generating opportunities:
Liquidity Rewards: Gaming DEX users who supply liquidity for the $BtcUSD/USD pair will receive rewards through its pools. Perpetual Trading: Integrating $BtcUSD into Ragnarok DEX will allow users to earn through extra opportunities. Gaming Ecosystem Expansion: MCH and PLANZ collaborate with $BtcUSD to develop decentralized applications (DApps) to enhance the gaming experience. A Win-Win for All Partners The expanded use of $BtcUSD across Bifrost unlocks greater value for BTCFi users and enhances its position as a provider of services across gaming and DeFi markets. Such integration boosts both the user base and financial activity at Oasys, fortifying its standing as the preeminent blockchain provider in the gaming sector.
By merging innovative gaming services with DeFi capabilities, MCH and PLANZ generate new income streams while improving user participation. The multiple financial opportunities and gaming options blockchain infrastructure provides allow gamers and investors to enhance personal earnings while discovering ground-breaking blockchain solutions.
About the Partners Oasys builds an entire blockchain environment for gaming, which maintains a fee-free structure and operates with limitless scalability. As the inventor of My Crypto Heroes, MCH has accumulated critical skills in making decentralized gaming solutions. PLANZ demonstrated exceptional Web3 development skills, including solutions for DeFi applications, Layer 2 blockchains, and GameFi projects.
Conclusion The multiple partnerships will transform $BtcUSD by connecting decentralized finance protocols to gaming infrastructure in one cohesive framework. Bifrost and its collaborative network push blockchain technology toward limitless potential so blockchain innovations can deliver their promise of user empowerment.
AUTHOR
With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
Bifrost Network, a Substrate framework-built L1 blockchain for cross-chain communication, has collaborated with Nansen, a prominent on-chain analytics firm. As a part of this collaboration, Nansen will operate as a node validator for the Bifrost Network. With this integration, Bifrost Network intends to increase the reliability and transparency of its ecosystem.
📢 We’re thrilled to welcome @nansen_ai — one of the most renowned on-chain analytics and research platforms — as a validator for Bifrost! 🙌
As the industry's leading blockchain analytics and research entity, Nansen's participation marks a major milestone in our journey toward… pic.twitter.com/SWBSjfZDrl
— BIFROST (@Bifrost_Network) February 28, 2025 The strategic partnership indicates Bifrost Network’s endeavors to facilitate users with the latest technological advancements. As a result of this integration, the platform is focusing on increasing its user base to a significant extent.
Bifrost Network Advancing Reliability and Transparency Nansen’s integration into Bifrost Network as its node validator pays a considerable attention to enhancing trustworthiness, reliability, and transparency. Nansen has gained a significant attention for its latest tools for blockchain analytics. It offers comprehensive insights into the wider on-chain data. Hence, it is popular as a reliable entity within the Web3 world. By taking part in the validation process of Bifrost Network, Nansen will boost the operational integrity, decentralization, and security of the platform.
The multi-chain L1 ecosystem of Bifrost Network backs both non-EVM and EVM environments. It delivers an optimized infrastructure to facilitate dApps. The unique architecture of Bifrost Network enables an unparalleled interoperability while also improving blockchain efficiency. A core feature of the platform deals with BTCFi which is a financial service to delivers Bitcoin liquidity, in a decentralized setting. Thus, the consumers can borrow the stablecoin $BtcUSD which possesses collateral in the form of $BTC.
Offering BTCFi with $BtcUSD to Benefit Developers and Investors $BtcUSD lets users generate more yield while keeping their $BTC holdings. BTCFi will reportedly redefine Bitcoin-based decentralized finance services. It will create exclusive opportunities to benefit developers and investors alike. Moreover, Bifrost Network also leverages Bitcoin Relaying Protocol and Cross-Chain Communication Protocol to guarantee completely verified and trustless transfers.
Along with becoming the official node validator for Bifrost Network, Nansen is also providing additional benefits. Particularly, it will provide efficiency concerning the blockchain research as well as the advanced analytics. These functionalities will reportedly contribute substantially to the innovation and ecosystem growth of the Bifrost Network. According to Bifrost Network, this collaboration underscores a huge leap toward establishing a relatively robust and transparent DeFi ecosystem.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
XRP may be preparing for another historic price breakout, according to analyst EGRAG, who believes the token is moments away from igniting a 600% rally.
XRP’s initial uptrend momentum has momentarily stalled over the past few days, as the coin continues to consolidate above $3. Today, the price has even dipped by over 5%, trading at $3.15 at press time.
Meanwhile, savvy market watchers like EGRAG are spotting cues for the next historic price movement. According to him, the trigger would be a strong close above what he calls the “Bifrost Bridge,” a resistance zone that has capped XRP for over 240 days.
The Bifrost Bridge: XRP’s Final Barrier Before Liftoff In a chart shared with followers, EGRAG highlighted a long-term trend channel dubbed the Bifrost Bridge. Notably, this marks a zone of historical resistance that XRP has tested for more than 242 days.
According to his analysis, XRP has been stalling beneath this level, but a decisive close above it could initiate a parabolic move toward $27. EGRAG notes that once this barrier is cleared, XRP could gain over 600% in what he calls a mega pump.
EGRAG’s XRP chart with The Bifrost Bridge Amid the long wait for the widely teased lofty prices, EGRAG urges the XRP community to “hold steady and strong,” promising that “Soon We Shall Fly So High.”
$4–$15 Still in Play: Other Analysts Agree EGRAG’s explosive target is not without support. Earlier this week, analyst Zach Rector forecast that XRP could hit $4 to $5 “any day now,” calling for a breakout in the short term.
His chart highlighted a consolidation structure around $3.19, with a breakout window stretching from August 23 to September 7. Beyond the $5 zone, Rector places XRP’s mid-to-long-term upside between $7 and $15.
Fibonacci Targets Add Technical Backbone Meanwhile, Tony Edward of the Thinking Crypto Podcast shared a separate weekly chart showing Fibonacci extension levels that point to $4.50, $6, $8, and $9 as potential price targets for the coin this season.
These Fibonacci targets present a technical structure that aligns with the $15 projections shared by other analysts and may act as steppingstones on the way to EGRAG’s $27 moonshot.
Historical Surge Patterns Back $20–$30 Possibility In previous analyses, EGRAG has also referenced XRP’s historic rallies to justify his bold upside projections. He recently pointed to a 2,600% surge in 2017 to support a $33 price target for this cycle, and a 500% surge in 2021 to argue for $7.
Averaging these, EGRAG outlined a $20 target for the current cycle, which aligns with the ongoing 600% projection.
With $3.66 as the next resistance and the Bifrost Bridge holding the key to a massive pump, XRP’s next few weekly candles may prove historic. If bulls can break and close above this zone, a swift run toward $7–$15 and potentially $27 may follow, according to these analysts.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Oasys Blockchain has announced a strategic collaboration with Bifrost Network.
Oasys Blockchain is an open-source blockchain with a specialty in gaming. It aims to provide a quality blockchain gaming experience to users. On the other hand, Bifrost Network is a cross-chain Layer-1 platform that supports both EVM and non-EVM networks, designed to provide an enhanced infrastructure for decentralized applications.
Oasys Launches on Bifrost’s BTCFi This partnership has enabled Oasys Blockchain to launch its gaming DEX platform on the BTCFi Boost, a Bitcoin DeFi service powered by Bifrost Network’s cross-chain technology.
This launch is not just another technological upgrade; it is a significant development that commits to unleashing advanced applications and interoperability of Oasys’ gaming network in the wider DeFi ecosystem.
The integration of Oasys’ gaming DEX within the BTCFi Boost network is a breakthrough for multiple reasons. In the past, the utility of Web3 gaming assets on the Bitcoin blockchain was lacking because of Bitcoin’s natural design, which gives more priority to decentralization and security than smart contract utility.
With its powerful cross-chain Layer-1 infrastructure, Bifrost Network addresses this problem by introducing a smart contract abstraction on top of Bitcoin, enabling more sophisticated utilities, including DeFi products operating on the network.
By introducing Oasys on BTCFi Boost, DeFi users can gain access to gaming products, including BTCUSD and OAS Savings on Oasys’ Gaming DEX linked to the security of the Bitcoin network.
This development substantially improves the capabilities of the Oasys Blockchain, which seeks to bring a virtual gaming product suite directly to DeFi users and Bitcoin holders.
This integration gives DeFi users the ability to borrow, lend, stake, and even utilize Oasys’ gaming tokens that are supported by Bitcoin’s security. The incorporation has enabled Oasys’ vision to become a reality, laying the foundation for an advanced and interoperable gaming network built on Bitcoin, the world’s biggest crypto asset.
The Meaning of This Alliance To recognize the impact of this gaming DEX incorporation, it is crucial to understand the benefit that Bifrost’s BTCFi Boost offers.
BTCFi Boost, which is powered by Bifrost Network’s multi-chain infrastructure, is a powerful Bitcoin asset management service that connects Bitcoin with cross-chain networks. This decentralized application enables users to invest in and trade DeFi assets without selling their BTC holdings.
With BTCFI, people leveraging the DeFi landscape can now stake Bitcoin to mint Oasys’ BTCUSD and OAS Savings while enjoying up to 40% APY and maintaining exposure to BTC’s value.
These offerings show how Bifrost’s BTCFi revolutionizes Bitcoin’s application. The ability of BTCFi to utilize Bitcoin’s strong security while offering a versatile smart contract environment makes it a suitable network for a gaming DEX like Oasys.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
XRP is nearing a critical moment, and chart analyst EGRAG says the final leg of the rally is still ahead, and it could be epic.
In a recent update, EGRAG shared a long-term 6-month XRP chart, noting that only 4 months and 29 days remain before the current candle closes.
XRP’s Final Leg Is Coming The analyst raised an intriguing question for the XRP community: Has the peak already passed unnoticed, even by seasoned observers like himself, or is the market on the verge of making history by surpassing a significant price barrier?
Notably, XRP has experienced two phases of historic price pumps over the past year. The first began in November 2024, with XRP reaching $3.40 in January, delivering a surge of nearly 600%.
After cooling off, a renewed bullish phase emerged in July, with XRP breaking past levels that many believed marked a new all-time high. In particular, XRP reached $3.66 before pulling back.
Some consider this an all-time high, while others argue the true high won’t be confirmed until XRP surpasses $3.84.
Meanwhile, as the market awaits the next bullish phase, some traders have begun shorting XRP, claiming the bull run is over. However, others maintain that prices in the $10 range remain possible.
Despite the prevailing uncertainty, EGRAG remains confident in a bullish outcome. He stated that he belongs to the camp expecting one final massive price jump before a bear season emerges.
Based on this conviction, he outlined how he believes XRP could perform in the upcoming phase.
XRP to $4.89 or $48.90? In his analysis, EGRAG identified two potential price targets for XRP, depending on the type of scale used. On a non-logarithmic scale, the target is $4.89. However, on a logarithmic scale, the target is a much higher $48.90.
With XRP currently trading around $3, reaching $4.89 would require a gain of only 63%. Meanwhile, the higher target would demand a far more challenging 1,530% surge.
Rather than favoring one scale over the other, EGRAG proposed averaging both targets, arriving at a middle-ground projection of $27. Notably, this would represent an 800% gain from today’s price.
EGRAG’s XRP 6-month chart Supporting Analysis This price target was also featured in a previous analysis by EGRAG, where he explained what could trigger the surge. According to him, the key catalyst is a strong close above the “Bifrost Bridge,” a resistance zone XRP has tested for over 240 days.
Breaking above this level could propel XRP toward $27. Other analysts also expect near-term targets between $4 and $15, supported by technical indicators like Fibonacci extensions.
Historical surges in 2017 and 2021 lend further credibility to EGRAG’s bold forecast, suggesting that the $20–$30 range could be within reach if XRP breaks through critical resistance.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Polkadot rose as much as 4% as crypto markets rallied.Sustained buying pressure suggested institutional buying.Polkadot's DOT demonstrated a significant surge in large buyers' interest during a 24-hour trading period, with corporate treasury allocations and regulatory clarity driving sustained buying pressure, according to CoinDesk Research's technical analysis model.
The model showed that price action demonstrated potential institutional-grade stability with sustained corporate interest indicators.
As of July, Bifrost had secured over 81% of DOT’s liquid staking token (LST) market, boasting more than $90 million in total value locked (TVL), according to a post on X.
The rally in DOT came as the wider crypto market also rose, with the broader market gauge, the Coindesk 20, recently up 2%.
In recent trading, Polkadot was 2.1% higher over 24 hours, trading around $3.66.
Technical Analysis:
Institutional order flow patterns established strong support levels reflecting corporate investment committee decisions, according to the model. Corporate treasury allocation discussions potentially contributed to resistance formation near key technical levels.Trading volume exceeded institutional thresholds during standard corporate decision-making hours.After-hours volume spikes aligned with typical corporate announcement timing patterns.Reduced volatility periods suggest institutional accumulation phases ahead of potential enterprise adoption news.Price action demonstrated institutional-grade stability with sustained corporate interest indicators.Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Bifrost Network, a cross-chain L1 blockchain, today announced a strategic collaboration with Japan-based SBI Digital Finance, a subsidiary of SBI Holdings. According to data shared by Bifrost on the X platform today, these two companies want to expedite the adoption of Bitcoin cryptocurrency in Japan through cross-institutional partnerships, study explorations, and technological breakthroughs. The alliance seeks to leverage Japan’s legislative environment and rising interest in virtual currencies by fulfilling business demand.
Beyond the impossible. Bifrost made it happen.
Introducing the partnership with SBI Digital Finance (SBI Holdings subsidiary) – we're creating a new institutional Bitcoin finance framework.
This is just the beginning. What if BTCFi becomes the new normal?
On Bifrost. #BFC pic.twitter.com/VsPmKgHKVZ
— BIFROST (@Bifrost_Network) August 13, 2025 Bifrost and SBI Expanding BTC Real-World Utilities Based on this partnership, Bifrost and SBI Digital Finance will embark on studying possible utilities for btcUSD and broaden Bitcoin-integrated financial services. The two partners will examine how BTC is impacting the future of financial networks. As per the data, they will explore the incorporation of Bitcoin into Japan’s famous traditional financial bank, SBI. They also explore the advancement of real-world applications for different financial needs with the utilization of the digital asset.
BTC’s surging adoption in Japan has influenced traditional financial firms to examine its incorporation into their networks. Multiple financial entities are seeking collaborations with crypto-focused companies to provide BTC-based offerings to their clients. This crossover enables individual and business clientele to access BTC services more efficiently, laying the foundation for broader acceptance.
Building Regulatory Structure around BTC The two organizations also disclosed a co-shared commitment to develop a Bitcoin management framework that adheres to Japan’s laws and lays the foundation for new compliant use cases of Bitcoin. This alliance between Bifrost and SBI Digital Finance is a ground-breaking advancement that aims to eradicate regulatory hindrances that in the past discouraged institutional participation in the virtual asset world. The two entities want to establish a consistent legislative structure for institutional clients, creating transparency and confidence. The legal innovation is another milestone in the continued maturation of crypto tokens. By resolving past obstacles and promoting growth, the two partners prepare the ground for long-term institutional adoption.
This collaboration coincides with wider trends in crypto acceptability – a major opportunity in emerging markets like Japan. Metaplanet’s determined BTC acquisitions showcase a broader narrative where Japan-based organizations increasingly want to allocate part of their funds to BTC. This commitment aligns with rising organizational enthusiasm in BTC in the country, where economic turbulence and legislative clarity are encouraging institutional interest in the flagship virtual currency as an inflation safeguard and a diversified financial instrument within traditional investment baskets.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
Bifrost has announced its strategic alliance with Meria to begin a new era of crypto staking in France. Meria has extensive experience in the digital asset industry, holding official registration with the French Professional Securities Authority (PSAN). So, the platform holds a trusted name in the French market and now aims to open the gate to staking opportunities in the region.
We're excited to introduce a new DOT VBL actor: @Meria_Finance.
Meria is a French platform specializing in cryptocurrency investment. With several years of experience, it is registered with the French PSAN (Professional Securities Exchange Commission). pic.twitter.com/r4WIqaKGBD
— Bifrost – Omnichain LST (@Bifrost) August 16, 2025 Through this partnership, Bifrost aims to solidify its position in Europe, combining efforts with the country’s most prominent player. The platform further strives to bring innovative staking solutions to a wide range of audiences. Bifrost, a multichain protocol for liquid staking, has announced the news through its official X account. The other ally, Meria, is a leading French platform for cryptocurrency investments.
Bifrost to Make a Stronger Bond with the French Crypto Market This year, Meria is set to launch its most anticipated on-chain decentralized application, “The Place to Stake.” The platform’s partnership with Bifrost co-exists with this strategic and exciting moment. This collaboration will provide French users direct access to Bifrost’s Liquid Staking Tokens (LSTs).
The investors will gain new opportunities from this initiative, which will offer a flexible and decentralized staking solution. Meria integrates into Bifrost’s cutting-edge liquid staking technology to empower users with high liquidity, flexibility, and efficiency. Through this, they can manage their staking assets with great flexibility.
Bifrost Expands Staking to Highlight RSP Bifrost’s RSP (Reward Sharing Protocol) is the main focus of this alliance, playing a central role in the staking ecosystem. Bifrost and Meria leverage RSP to introduce an effortless staking experience, blending transparency, scalability, and innovation.
Bifrost and Meria’s partnership improves staking accessibility from French investors while setting the stage for Bifrost, encouraging it to join forces with trusted locals in order to expand its global reach.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
Bifrost Network became a member of the Blockchain Collaborative Consortium (BCCC), which is another step in the aggressive development of the cross-chain platform throughout the Japanese market. Bifrost is positioned alongside some of Japan’s most established technology firms. It demonstrates the country’s commitment to becoming a global leader in blockchain innovation and Bitcoin finance infrastructure.
BCCC – The Japanese Pioneer of Blockchain The Blockchain Collaborative Consortium is the first and the most powerful organization in the blockchain industry in Japan. In 2016, it was created with 34 founding members, including Microsoft Japan, ConsenSys, GMO Internet, and Bitbank. It was launched in 2016 by 34 founding members, including Microsoft Japan, ConsenSys, GMO Internet, and Bitbank. From its inception, BCCC has expanded rapidly into one of Japan’s largest blockchain organizations. It has more than 200 members, and some financial institutions such as Mitsui Sumitomo Insurance, technology innovators, or Web3 startups are among them.
The consortium fosters education in blockchain technology and encourages research and development projects. It also encourages funding in blockchain projects and develops collaborations with international blockchain organizations. The organization has successfully recruited students from its Blockchain Daigakko (Blockchain University). This program does not only fill the current shortage of blockchain developers in Japan but also creates a solid talent pipeline to work there.
Strategic Role of Bifrost in the Fintech Japanese Landscape Bifrost Network’s entry into BCCC is also a major effort to become a preferred choice to provide infrastructure in Bitcoin finance in Japan. The cross-chain Layer-1 blockchain is the focus of generating fragmented liquidity between different blockchain systems. It gives the opportunity to deploy decentralized applications without having any issues with various blockchain ecosystems.
This BCCC membership follows several strategic changes by Bifrost in the Japanese market. Earlier this year, the company joined the Fintech Association of Japan, bringing together Fintech powerhouses such as PayPal, SBI Holdings, Sumitomo Mitsui, and Mizuho Financial Group. Additionally, Bifrost has collaborated with Japan Open Chain, a fully Ethereum-compatible public blockchain that operates by Japanese enterprises. Specifically, it announced a groundbreaking collaboration with SBI Digital Finance to expedite institutional Bitcoin adoption across Japan.
Implications for Bitcoin Finance in Japan The timing for Bifrost’s membership in the BCCC could not be more optimal. The cryptocurrency acceptance in Japan is on a downward spiral, and Tokyo is considering the redefinition of Bitcoin as a digital payment, but rather as an investment. The advantages of this shift in regulation are immense to the companies such as Bifrost that provide Bitcoin staking services and implementation of Bitcoin backed stablecoins such as BtcUSD.
The Japan Cryptocurrency Exchange association stated that as of April 2024, cryptocurrency accounts in Japan had more than 10 million subscribers, indicating that retailers are interested in digital assets. The interest in Bitcoin finance solutions by institutional players is increasing, which is a promising area in the cross-chain technology and Bitcoin infrastructure services provided by Bifrost.
Members of the consortium include financial institutions who desire to utilize blockchain solutions and technology firms to create innovative applications. It also includes policy leaders who can help provide fertile environments for future regulations. Bifrost can engage in collaborative efforts and share technical expertise. In addition, Bifrost can participate in efforts to generate industry standards to further facilitate the increased adoption of blockchain technology throughout Japan’s corporate ecosystem
Conclusion Bifrost Network is a member of the Blockchain Collaborative Consortium in Japan, a strategic alliance in the Japanese Fintech sector. Bifrost is attempting to adapt to the mission of BCCC to promote blockchain technology education and collaboration, demonstrating its desire to establish a secure Bitcoin finance system. With Japan becoming a hub of blockchain, the interest of Bifrost is in the first line, and by 2025, it is possible to believe that it may become important to finance Bitcoin in Japan.
AUTHOR
Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
XRP has broken below a descending triangle structure, but market analysis shows why the token’s bullish upside target remains in play.
According to a recent market exposition from EGRAG Crypto, a renowned chartist, the Bifrost Bridge, a long-standing ascending channel that has guided XRP’s price action since 2014, remains relevant. With XRP still within this channel, he believes the $9 to $13 target remains in play.
Key Points XRP underwent 14 months of accumulation, after which it broke below a descending triangle, as the market expected. EGRAG argues that the triangle breakdown was an effort to sweep downside liquidity, not a trend failure. XRP remains within the Bifrost Bridge, a multi-year ascending channel that has guided its price action since 2014. As long as the Bifrost Bridge remains relevant, XRP’s upward targets of $9 to $13 remain in play. XRP Descending Triangle Breakdown EGRAG’s recent bullish commentary comes despite XRP’s current price struggles. For context, since hitting $3.6, the altcoin has continued to face turbulence alongside the rest of the crypto market. This has resulted in six consecutive monthly declines, with XRP initially eyeing a seventh loss at the start of this month.
Data from EGRAG’s chart shows that the downtrend led to a breakdown below an existing descending triangle. Notably, after XRP hit $3.4 in January 2025, its price action entered an accumulation phase that, according to EGRAG, lasted for 14 months.
During the accumulation, XRP formed a descending triangle structure as it dropped from the $3.6 all-time high in July 2025. The market analyst noted that descending triangles statistically have a 60% to 70% chance of breaking down.
XRP 1M Chart | EGRAG Crypto This bearish expectation played out when XRP closed the February 2026 monthly candle below $1.6, the level that aligns with the triangle’s lower trendline. Since then, XRP has continued to trade below the descending triangle.
Bifrost Bridge Still Relevant However, while the market currently witnesses bearish conditions, EGRAG pointed out that XRP still trades within the ascending channel structure he calls the Bifrost Bridge. Data from his chart shows that this channel has guided XRP’s price movements since 2014.
According to him, the Bifrost Bridge will continue to act as his guide, and the structure maintains a bullish outlook. EGRAG suggested that as long as XRP remains within the Bridge, its overall bullish trend remains intact, and the upward move that started in November 2024 has not ended.
The analyst insists that triangles typically highlight short-term moves, but channels are what define the overall cycle. He noted that the longer the accumulation, the more explosive the ensuing expansion will be.
XRP witnessed a whopping 14 months of accumulation, and EGRAG believes this compression only acts as fuel for the imminent upward push. With this, EGRAG expects the rally to eventually result in a $9 to $13 target, which he has maintained for some time. From the current price of $1.41, XRP would need to rise 538% to 822% to reach the target range.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Bifrost has begun repaying a 1,000,000 DOT liquidity loan received from the Polkadot treasury after the program generated more than 53,000 DOT in yield over the past year.
According to a newly submitted proposal, the treasury-backed liquidity deployment generated returns of 53,185 DOT between May 2025 and May 2026, yielding a blended annual percentage rate of roughly 5.3%.
Bifrost said it is now unwinding the liquidity position by withdrawing from the DOT-vDOT liquidity pool, unstaking vDOT, and preparing to return the interest generated to the Polkadot treasury.
Treasury loan supported vDOT liquidity expansion The proposal showed the original 1,000,000 DOT loan was split across staking and liquidity operations.
According to the breakdown, roughly 672,469 DOT were converted into vDOT, Bifrost’s liquid staking derivative, while about 327,455 DOT were deployed to liquidity provisioning.
The staking portion generated yield directly, while the liquidity allocation helped deepen trading liquidity for vDOT across the Polkadot ecosystem.
Bifrost said the treasury-backed deployment helped:
improve vDOT liquidity, expand staking utility across DeFi, and support broader adoption of liquid staking infrastructure within Polkadot. Proposal highlights growing focus on productive treasury deployment The repayment proposal also reflects a broader shift in how crypto ecosystems are approaching treasury management.
The Bifrost proposal framed the loan as an example of “productive, transparent, and accountable” treasury-backed capital deployment.
The proposal currently shows unanimous support from participating voters.
Final Summary Bifrost said a 1,000,000 DOT treasury liquidity loan generated more than 53,000 DOT in yield over 12 months. The proposal reflects growing interest in using DAO treasury capital to support DeFi infrastructure while generating returns for ecosystem treasuries.
Iran's Revolutionary Guards Corps warned that any vessels using the Strait of Hormuz route without Tehran's approval will be targeted.
Iran's Islamic Revolutionary Guard Corps (IRGC) issued a stern warning to international shipping on Wednesday, stating that any new shipping route through the Strait of Hormuz established without coordination with Tehran is unacceptable and dangerous, and threatening to take direct action against vessels that ignore its orders. The IRGC declared that vessels can only safely transit the Strait of Hormuz via routes designated by Iran. The IRGC Navy added that all vessels seeking to transit the strait must coordinate with the Iranian military via International Maritime Distress and Safety Frequency Channel 16, a requirement that effectively places Iranian military approval at the core of all commercial shipping transiting this key chokepoint. (Jinshi)
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A crypto whale holding 120,000 ETH long positions has an unrealized loss of over $77 million, and added $8 million in margin in the early hours.
According to on-chain analyst ai_9684xtpa’s monitoring, a whale holding 120,000 ETH in long positions added $8 million in margin in the early hours. Currently, the total unrealized loss on its ETH long positions across four linked addresses stands at approximately $77.047 million, with an average entry price of around $2,265. Data shows the liquidation prices for the four addresses are $1,174.6, $1,059.1, $1,064.7, and $1,143.6 respectively. Despite the significant paper losses, there remains a large buffer before liquidation, and over 6 million USDC is still held on-chain to replenish margin, resulting in low short-term liquidation risk.
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A crypto whale holding 120,000 ETH long positions is sitting on an unrealized loss of over $77 million, and added $8 million in margin in the early hours.
According to on-chain analyst ai_9684xtpa’s monitoring, the whale holding a long position of 120,000 ETH added $8 million in margin again in the early hours. Currently, the ETH long positions across its four associated addresses have accumulated an unrealized loss of approximately $77.047 million, with an average entry price of around $2,265. Data shows the liquidation prices for the four addresses are $1,174.6, $1,059.1, $1,064.7, and $1,143.6 respectively. Despite the massive unrealized loss, there is still a significant buffer before liquidation, and over 6 million USDC are still held on-chain to supplement margin, leading to low short-term liquidation risk.
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Ripple's stablecoin RLUSD approved to enter Japanese market
According to official announcements, Ripple’s stablecoin RLUSD has been officially approved by Japan’s Financial Services Agency (JFSA) and launched in Japan. Through a partnership with SBI Group and its subsidiary trading platform VCTRADE, RLUSD will be accessible to institutional and retail users for use in scenarios including payments, asset tokenization, and collateral management.
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WSJ: CoinEx Linked to Iran-Related Cryptocurrency Fund Flows
According to a Wall Street Journal report, since 2019, wallets linked to Iran have transferred over $3.84 billion in assets via cryptocurrency exchange CoinEx. On-chain data shows that CoinEx’s custodial wallet received crypto proceeds from hacks tied to Iran’s central bank, and conducted direct transactions with accounts previously designated by U.S. officials as belonging to Iran’s Islamic Revolutionary Guard Corps. Additionally, in 2024, CoinEx replaced Binance to become the largest overseas counterparty for Iranian exchange Nobitex, with the two parties recording over $763 million in fund flows last year. Between 2022 and 2025, CoinEx’s custodial wallet also processed transactions involving individuals suspected of participating in the sanctioned Iranian oil sales network.
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Market Sentiment: Current sentiment among smart money and retail funds in the market is at a neutral level.
According to the latest data from SentimenTrader, as of June 24, the Smart Money Confidence Index stands at 0.56, while the Dumb Money Confidence Index is at 0.49. Both smart money and retail investor sentiment are currently in the neutral range, with no clear optimistic or pessimistic bias emerging in the market.
Marblex, the blockchain subsidiary of major South Korean mobile game publisher Netmarble, announced Wednesday that it will utilize the Saga gaming protocol to support its upcoming crypto games.
Billed as a “comprehensive collaboration,” Marblex and Saga will work in tandem to launch and promote crypto games. Marblex will utilize Saga’s layer-1 blockchain network to support its own chain, while Saga will help with user acquisition; both brands will use their respective channels to promote such games.
"Saga has a brand and ethos that is truly dedicated to enabling the next generation of gaming," said Marblex CEO Hong Jin-Pyo, in a release. "Putting a priority on bridging the very wide gap between traditional and Web3 gaming provided Saga with a succinct understanding of what developers need to get us there."
Saga is built around the concept of chainlets, which can be combined to power games and apps much like a traditional game might use multiple cloud computing instances. Saga co-founder and CEO Rebecca Liao previously described it to Decrypt’s GG as a “chain to launch chains.”
It’s also designed to enable cross-chain building, so studios that have deployed games on other blockchains can also tap into Saga’s network to support their operations. That’s how Marblex plans to use Saga, plus Saga has existing collaboration agreements with the teams behind Polygon, Avalanche, and Celestia.
Saga is currently running a “play-to-airdrop” campaign across numerous games building on its network, as well as games on other chains like Avalanche and Polygon. A Saga representative told Decrypt’s GG that the airdrop campaign isn’t currently tied into its collaboration with Marblex, but that Saga is “definitely exploring future ones” with partners, “including Marblex.”
“Marblex will bring their community as part of our joint go-to-market, and Saga is continuing to fine-tune the user acquisition machine in Web3 for gaming,” Liao told Decrypt’s GG.
The network claims to have 320 projects building on it, with approximately 80% of them being games. Saga plans to launch its mainnet this spring, with play-to-airdrop events continuing in the meantime to reward gamers with SAGA token allocations.
Marblex supports a number of games from popular existing franchises, including titles like The King of Fighters Arena and Ni no Kuni: Cross Worlds. The chain is built around the MBX token, which has a market cap of around $69 million.
Editor’s note: This article was written with the assistance of AI. Edited and fact-checked by Andrew Hayward.
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Ethereum gaming platform Immutable announced Tuesday that it has partnered with Marblex, the blockchain gaming arm of South Korean gaming giant Netmarble, with the parties collaborating to migrate the Marblex ecosystem and its top games to Immutable zkEVM.
Ni no Kuni: Cross Worlds, A3: Still Alive, and Meta World: My City will migrate from layer-1 Klaytn blockchain to Ethereum layer-2 network Immutable zkEVM, which is powered by Polygon’s zkEVM scaling tech.
"This is one of the most significant partnerships we've made to date,” said Immutable co-founder and President Robbie Ferguson, in a release. “South Korea is an exciting hub of developer activity in Web3 gaming, and Marblex and Netmarble are pioneers here."
The alliance will also include an "Ecosystem Boost Program," offering up to $20 million in support for developers to attract new titles to Marblex and Immutable.
"To maximize the reach of these experiences and ensure scalability for both existing and upcoming titles, partnering with a proven leader in Web3 gaming was crucial,” said Marblex CEO Hong Jin Pyo, in a release. “That's why Immutable and their industry-leading zkEVM chain was the right choice."
Back in January, Marblex said that it would work with layer-1 blockchain network Saga to support its future games, with Saga also aiding with user acquisition. But Saga’s network is designed to launch dedicated chains, and can be used to support games and apps launched on other blockchain networks.
It’s not immediately clear whether the Immutable migration will impact those plans with Saga. Decrypt’s GG asked an Immutable representative for clarification, but did not receive an immediate response.
Editor’s note: This article was written with the assistance of AI. Edited and fact-checked by Andrew Hayward.
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[PRESS RELEASE – Seoul, South Korea, February 24th, 2025]
MARBLEX, the web3 gaming ecosystem powered by global gaming giant Netmarble, and Dracoon Ventures, a web3 game-specialized VC, are officially opening applications for MBX/HACK the FUN. This hybrid program combines a hackathon with an acceleration initiative, designed to help web3 game developers build, refine, and successfully launch high-quality games on the MARBLEX ecosystem.
MBX/HACK the FUN is more than an accelerator—it’s a game launchpad. The program provides hands-on technical support, mentorship, and business acceleration opportunities for Web3 game studios. This program is tailored for teams that already have a playable build or are in advanced development stages. In addition, the program participants will have the opportunity to showcase their projects at Token2049 Dubai in April, where they can connect with potential partners, investors, and publishers.
Over the course of four weeks, game studios and developers will refine their gameplay, tokenomics, and go-to-market strategies with guidance from the hosts and top-tier web3 gaming experts. The program will culminate in The FUN Fest, a high-profile demo day, and an immersive gaming event in Dubai, where finalists will pitch their games to industry leaders, investors, and major gaming ecosystem partners. Winning teams will receive a $100K+ prize each, post-program acceleration, follow-up funding opportunities, and marketing support to ensure a successful launch and long-term growth within the MARBLEX ecosystem.
Applications are now open and will close on March 10, 2025(CET). Developers interested in joining the program can apply through the official website (https://mbxhack.fun). This is an opportunity for web3 game creators to work with a leading global publisher and connect directly with real players for success.
About MARBLEX
MARBLEX is the web3 gaming ecosystem powered by Netmarble, one of the top global game publishers. MARBLEX merges blockchain technology with immersive gaming experiences, offering seamless access to Web3 services, including wallets, DeFi SWAP, and NFT marketplaces.
Users can learn more at https://marblex.io
About Dracoon Ventures
Dracoon Ventures is a web3 game-focused VC, providing early-stage investments and growth acceleration services to web3 gaming startups. With deep expertise in both traditional and web3 gaming, Dracoon Ventures supports the next generation of gaming pioneers.
