TL;DR

• The Graph has launched improvements to accelerate dApp development on Solana.
• New tools make it possible to access and synchronize blockchain data without having to write code in Rust.
• These updates aim to reduce deployment times and costs, promoting the expansion of the Web3 ecosystem on Solana.

The Graph, known for its crucial role in indexing data on the blockchain, has announced a series of significant improvements aimed at streamlining the development of decentralized applications (dApps) on the Solana network.

These updates are a direct response to the growing demand for decentralized data solutions that align with Web3 principles.

Support for Solana on The Graph just got a massive level-up ⚡

Today, new tools and resources designed to transform how developers interact with Solana data are officially live, helping Solana devs accelerate development with ultra-fast, ultra-reliable organized onchain data.… pic.twitter.com/RSj8oYdSfM

— The Graph (@graphprotocol) September 17, 2024

From now on, developers will be able to take advantage of new tools that facilitate access to blockchain data in a much more efficient way.

One of the major innovations is the introduction of substreams, a feature that allows developers to use pre-built subgraphs from companies like Messari and Top Ledger.

This eliminates the need to develop solutions from scratch and significantly reduces the code dependency on Rust, simplifying the process of data indexing.

This new functionality not only speeds up the pace of data synchronization, but also reduces the costs associated with infrastructure.

The Graph has designed these tools to support both local and remote environments, offering developers unprecedented flexibility when working on the Solana network.

The ability to sync projects in a matter of hours instead of weeks represents a crucial advancement, allowing teams to iterate and launch their dApps with greater agility.

Expanding the Web3 ecosystem on Solana

In the context of a rapidly expanding Web3 ecosystem, these improvements to The Graph present themselves as an invaluable resource for developers.

Solana has gained notoriety for its high processing power, low fees, and vibrant DeFi community, which has prompted many developers to explore its capabilities.

Nick Hansen, Head of Growth at The Graph Foundation, stresses that these updates respond to the growing need for open and decentralized data solutions, essential for the agile and effective development of applications in this dynamic environment.

The addition of these innovative tools reflects The Graph’s ongoing commitment to improving decentralized infrastructure and supporting the evolution of the blockchain ecosystem.

As Solana continues to attract more developers and projects, the ability to access data quickly and efficiently will be critical to maintaining competitiveness and fostering innovation on the network.

The latest improvements to The Graph represent a significant advancement for dApp development on Solana, facilitating faster and cheaper integration with blockchain data.

This advancement not only streamlines the development process, but also reinforces The Graph’s commitment to a robust and accessible decentralized infrastructure for all players in the Web3 ecosystem.

GM. Welcome back to BitPinas Key Points: easily digestible news in concise formats for easy reading. In today’s daily recap: Bybit has also received a crypto license in a major region!

Here are the latest crypto news stories in the last 24 hours.

Market Analysis and Updates 📈

Here are the crypto highlights of the day:

Crypto Price Update

• Bitcoin (BTC): $59,269.96, up 0.9% over the last 24 hours.
• Ethereum (ETH): $2,321.26, up 0.9% over the last 24 hours.
• Solana (SOL): $132.99, up 0.8% vs the previous day.

Trending Coins Update

• UXLINK: $0.5194, up 33.6% vs the previous day.
• tomiNet: $0.0517, up 6.2% over the last 24 hours.
• Toncoin: $5.45, down 1.4% vs the previous day.

For the daily price update, check out our post on Facebook.

Feature News: Bybit Secures Provisional Crypto License from Dubai’s VARA, Eyes Full Operational Approval

Bybit has secured a provisional crypto license from Dubai’s Virtual Asset Regulatory Authority (VARA), allowing it to serve retail and institutional investors.

Why is this important: Bybit wants to expand globally and the org wants to do it in the most compliant way possible. What better license to have than the one in Dubai, which has crypto-friendly regulations.

• Zoom out: More crypto companies are moving to Dubai as it solidifies its status as a global crypto hub with forward-thinking policies. Bybit joins a growing list of firms, including Binance, capitalizing on Dubai’s favorable crypto landscape, Cointelegraph reported.

The number: Bybit is the second-largest crypto exchange globally by derivatives volume, processing over $15.8 billion in derivatives on Sept. 16.

What’s next: Bybit is working towards securing a full operational license in Dubai, which would solidify its presence and allow for expanded services in the region.

Philippine Crypto News 🇵🇭

• SparkChain Network to launch Node Key NFT sale on September 20.
• SparkChain Network and JRNY Club partnered provide community members with membership benefits and blockchain innovation.
• BitPinas Article: The Philippines ranked 8th in the Global Crypto Adoption Index 2024 by Chainalysis.

Noteworthy 🌟

Key updates and announcements from around the crypto and blockchain world:

• James Fickel, a prominent crypto millionaire, suffered significant losses, with his $172 million bet on Ethereum turning sour, resulting in a $43.7 million loss and a $132 million debt.
• A recent survey revealed that stablecoins are being widely adopted in Nigeria as a form of “crypto dollarization.”
• Circle predicts that stablecoins will become a mainstream global payment method.

Educational Corner 🎓

• Airdrop! Check out TONs of Dungeons within the Telegram Mini-Apps Ecosystem, accompanied by a $CHEF airdrop.
  • It is a minesweeper-style game where players tap blocks on a 5×5 grid to earn gold, avoiding traps that end the game, while also participating in a clicker side game to farm more gold.

Regulation Watch 📜

Stay informed about the latest regulatory updates and what they mean for you:

• Seven Democratic US Senators urged ten major Bitcoin ATM operators to address fraud targeting elderly Americans.
• Sam Bankman-Fried appealed his fraud conviction, requesting a new trial and alleging bias from Judge Lewis Kaplan.l
• Singapore launched an investigation into the unlicensed sale of Worldcoin accounts.

Meet Allen San Miguel: He is a trader and a KOL in the web3 industry in the country.

• San Miguel is the Country Manager for the Philippines of the international crypto exchange OKX Wallet. 
• Earlier this month, he along with other web3 KOLs, talked during the  first-ever Bicol Traders Meet.
• Recently, he discussed the OKX’s plans in the country. 

More Web3 and AI News 💡

Discover the latest in web3 and AI innovation.

• OneDegree launched MAMORI, an AI-powered Web3 risk intelligence platform designed to enhance security and risk management in the decentralized ecosystem.
• Colle AI expanded its web3 platform by adding a video NFT creation feature to its AI-driven NFT generator,
• MEET48aims to transform web3 entertainment by using AI and fan-created content, allowing fans to create virtual idol performances with tools like AIShowBox.

Web3 Gaming Section 🎮

The future of web3 is gaming, and here are the latest news.

• Draper Goren Blockchain Studio invested in Turf Gaming, a prediction-focused eSports platform.
• W3GG launched the “Quest to Airdrop” campaign to celebrate its upcoming Token Generation Event (TGE).
• Netmarble Townlaunched in The Sandbox, offering players a virtual experience based on Netmarble’s games with missions, collectible NFTs, and 75,000 SAND tokens in rewards.

Event Announcements 📅

Don’t Miss Out: Upcoming events, webinars, and meetups in the crypto space!

Stay Connected:

We’d love to hear from you! Reply with your thoughts or questions.

This article is published on BitPinas: Bybit Receives Crypto License in Major Region | Key Points | Sept. 17, 2024

From an external point of view, Web3 technologies have influenced the global gaming sector, revolutionalizing how most people interact with current popular games. The sector has seen significant growth today, having been valued at $23.9 billion in 2023, a figure that is expected to skyrocket to $133.2 billion by 2033.

The future prospects for Web3 gaming have been equally impressive. In the third quarter of 2023, investments in blockchain gaming reached $1.5 billion, with over $800 million specifically going towards the industry initiatives, indicating a rising market favored by both venture capitalists and institutional investors.

A mix of factors, including decentralization, players owning in-game assets, and the rise of play-to-earn models, have all played a role in the significant growth, allowing players to shape a new gaming economy.

Overcoming Technical Challenges

Despite the undeniable potential of Web3 gaming, the sector must overcome several major technical challenges – including high throughput, massive scalability, low fees, large databases, interoperability, and AI integrations – before mainstream adoption can be achieved.

To elaborate, current data availability (DA) solutions do not meet these requirements, because they are unable to accommodate the demands of advanced gaming experiences, where thousands of players and AI agents need to interact concurrently in intricate virtual environments. An example is Celestia, a leader in DA solutions, providing a maximum speed of only 6.67 MB/second, which is not enough for the requirements of many Web3 gaming services.

Additionally, if one were to consider the requirements of creating an on-chain open-world game, it would require a scale necessitating hundreds of thousands of transactions per second. On top of this, if transaction fees are high or even moderate, Web3 games stand to become prohibitively expensive or, in some cases, totally unplayable. Even layer 2’s (L2) — designed to minimize transaction fees — may prove too costly to support such frameworks, necessitating the development of layer-3 (L3) architectures like Arbitrum’s Xai Games.

In the face of these challenges, 0G has emerged as a solution offering the technical foundation that Web3 gaming desperately needs today. The project addresses critical issues such as scalability, throughput, and storage that have hindered the growth of on-chain gaming.

At the heart of 0G’s innovation is its massively scalable storage network — named ‘0G Storage’ — allowing for quick data retrieval and verification, ensuring that all game-related information (from assets and player positions to gameplay history) is readily accessible with high throughput. 

In fact, 0G’s throughput is estimated to be an astounding 7,600 times greater than many of today’s leading DA solutions, offering an unprecedented 50 GB/second.

Complementing these storage capabilities is the platform’s “0G DA” system, which verifies data with infinite scalability. This means that regardless of the prevailing network demand, data can be quickly queried or verified, providing the backbone for seamless, responsive gameplay experiences.

Also, 0G’s architecture is not just about raw power; it’s designed with interoperability in mind. Its modular structure allows for seamless integration with a wide array of blockchain networks, both existing and upcoming. This interoperability is crucial for the Web3 gaming ecosystem, enabling the movement of items, characters, and other tokenized elements between games and networks.

Lastly, the project supports on-chain AI models, opening up new possibilities for game design and player interactions. With its ultra-high throughput, scaling capabilities, low fees, and interoperability, 0G provides the ideal foundation for blockchain games with advanced AI features, far surpassing the capabilities of other DA layers.

Paving the way for mass adoption

Despite the obstacles outlined, the potential for Web3 gaming is evident, as recent forecasts indicate that 10 million to 100 million new gamers will join the Web3 space in the next few years. This has highlighted the pressing necessity for strong, expandable infrastructure to aid this fast-growing expansion.

0G stands at the forefront of addressing these challenges, paving the way for a sustainable Web3 gaming ecosystem. By providing the necessary technical infrastructure, 0G is helping simplify the onboarding process and creating more seamless, enjoyable gaming experiences — thereby opening a legitimate avenue for millions of traditional gamers to enter the Web3 space. 

DeltaPrime DeFi, which operates on the Arbitrum platform, suffered a significant security breach, resulting in the loss of $5.98 million. The attack took place at 6:14 AM CET and was first reported by Cyvers alerts.

San Francisco, California, September 16th, 2024, Chainwire

The Graph Network significantly upgraded its support for the Solana network, building upon its previous integration. The Solana developer community now has access to better data tools, more ways to get started accessing indexed Solana data (including using pre-built solutions by notable teams such as Messari and Top Ledger).

The upgrades offer an enhanced development experience for Substreams-powered subgraphs (SpS) with new codegen tools, usable both remotely and locally. Developed by StreamingFast,  a core engineering team in The Graph ecosystem, the dev-environment includes tools to help developers quickly scaffold an end-to-end Substreams project. This means unprecedented flexibility to Solana development. For developers well-versed in Substreams, the new tooling enables quick and easy syncing. 

Developers can start building on Solana using The Graph even without Substreams knowledge. The new tooling also empowers developers to access Solana data without ever touching Substreams or Rust. This means developers can easily work with Solana data using tooling that best suits their skills and project requirements. 

Other notable enhancements are the Solana Substreams modules developed by Top Ledger and StreamingFast, and multiple Substreams and Substreams-powered subgraphs developed by Messari. Developers will also gain access to several ready-to-use Substreams-powered subgraphs, including UNCX and Orca Whirlpool.

“The meteoric rise of developer and user activity on Solana has created a huge demand for open, decentralized data that is true to the values of web3. The Graph’s latest tooling upgrade and enhanced support will ensure the Solana community can get even more value out of web3’s decentralized data layer,” said Nick Hansen, Head of Growth, The Graph Foundation.

Solana’s technology, particularly its high transaction speed and low fees, have made it a preferred choice for many decentralized applications (dapps) and decentralized finance (DeFi) projects. With the Solana ecosystem growing rapidly, the demand for efficient data indexing and querying is skyrocketing. 

The Graph’s enhanced support for Solana equips developers with powerful tools to build decentralized applications (dapps) and analyze on-chain data more efficiently. It now offers lower costs, a more efficient data source, and an improved programmable indexing stack that’s easier to use, faster to index, and provides a historical cache of Solana blocks that are 25% the size of a full-block.

These improvements are part of The Graph’s mission to support the multi-chain future and foster interoperability in web3. The upgraded tools will be particularly useful to Solana developers, data analysts working with Solana data, and the broader web3 community interested in data solutions. 

The Graph Network remains committed to providing web3 developers with a decentralized data network with over 9,000 subgraphs. It deprecated its free hosted service in June, transitioning to a decentralized network to empower developers and the entire web3 ecosystem by ensuring data autonomy and decentralization.

ABOUT THE GRAPH

The Graph is the source of data and information for the decentralized internet. As the original decentralized data marketplace that introduced and standardized subgraphs, The Graph has become web3’s method of indexing and accessing blockchain data. Since its launch in 2018, tens of thousands of developers have built subgraphs for dapps across 70+ blockchains – including  Ethereum, Arbitrum, Optimism, Base, Polygon, Celo, Fantom, Gnosis, and Avalanche.

As demand for data in web3 continues to grow, The Graph enters a New Era with a more expansive vision including new data services and query languages, ensuring the decentralized protocol can serve any use case – now and into the future.

Discover more about how The Graph is shaping the future of decentralized physical infrastructure networks (DePIN) and stay connected with the community. Follow The Graph on X, LinkedIn, Instagram, Facebook, Reddit, and Medium. Join the community on The Graph’s Telegram, join technical discussions on The Graph’s Discord.

The Graph Foundation oversees The Graph Network. The Graph Foundation is overseen by the Technical Council. Edge & Node, StreamingFast, Semiotic Labs, The Guild, Messari, GraphOps, Pinax and Geo are eight of the many organizations within The Graph ecosystem.

— END — 

Contact

CMO
Noëlle Becker Moreno
noelle@edgeandnode.com

Shanks, a web3 game content creator and Yield Guild Games (YGG) community member, recently shared how the $100 he spent for gaming turned to $1,000.

“It’s not just the monetary investment but the sleepless nights due to grinding, determination and the goal of collecting more badges.”

Shanks (Discord)

What’s the significance: The news highlights the potential of Play-to-airdrop (P2A) games, where gaming expenses turn to substantial earnings, showcasing how web3 gaming can be financially rewarding for dedicated players.

The Big Picture: Shanks’ experience highlights the growing trend in web3 gaming, where P2A models enable gamers to turn in-game investments into real financial rewards, reflecting the broader shift towards decentralized, monetized gaming experiences.

Key details: 

Shanks’ participation in the recent Guild Advancement Program (GAP) Season 6. His spending breakdown includes:

• ₱700 for a 25 $YGG season pass
• ₱1,900 for Nine Chronicles + ₱370 for in-game purchases
• P₱1,160 for Guild of Guardians (GOG)
• ₱1,200 for Bullet League
  • Note: To access and do the specific quests in the YGG website, one must have a premium season pass.

Advertisement

The numbers: Shanks spent a total of ₱5,330 for the gaming season pass and participation in various games and quests. In turn, his total rewards amounted to 2,427.26 YGG or ₱52, 728.66.

How it works: The YGG Guild Advancement Program rewards members for completing tasks and challenges within the YGG ecosystem, allowing them to level up their guild status and unlock exclusive rewards, in-game assets, and earning opportunities.

On the other hand, while Shanks praised YGG, he also raised concerns about the process.

Feedback: Google Forms being glitchy due to high submissions

• Suggestions for digital footprinting, IP analysis, and device intelligence to prevent multi-accounting
• The need for quest tracking and easier reward claims in future seasons

Key quote: 

“Lalaruin ko pa rin ba S7? Oo naman. Alam ko kasi na may reward talaga unlike sa ibang p2a, puro hangin walang laman.”

Shanks

What’s next: In November, the upcoming YGG Play Summit is set to bring together gamers, developers, and investors to discuss the future of blockchain gaming in the Philippines.

Worth reading: Recently, YGG Pilipinas partnered with Immutable to lead the launch of Guild of Guardians (GOG) in the Philippines, leveraging YGG’s large community and Guild Advancement Program (GAP) to drive player engagement and adoption.

This article is published on BitPinas: Paldo! Gamer Turns ₱1.5K to ₱55K in latest YGG Guild Advancement Program

What else is happening in Crypto Philippines and beyond?

Donald Trump is set to formally announce his DeFi project, World Liberty Financial, on Monday.

Like most DeFi projects, World Liberty’s got a lofty goal — to “make crypto and America great by driving the mass adoption of stablecoins and decentralised finance.”

If successful, it will also almost certainly further enrich its developers and the Trump family through possible plans to raise a whopping $537 million from token sales.

But World Liberty has already attracted negative attention from senior Democrats such as Maxine Waters, who told Congress bad actors have used the buzz around the project to scam potential users.

Even Trump’s backers are sceptical.

Castle Island Ventures founding partner Nic Carter, a vocal Trump supporter, called the project an “unnecessary distraction,” and a potential embarrassment for the former president.

It’s a family project

It was Donald Trump’s sons, Eric and Donald Jr, who first teased World Liberty at the beginning of August.

Since then, Trump himself has promoted the project on social media. It was Trump, too, who officially announced the launch date for World Liberty on X last week.

An adviser to World Liberty, pseudonymously named Ogle, confirmed to DL News that Eric, Donald Jr, and Barron are all involved in World Liberty.

Barron Trump, 18, who recently enrolled at New York University, is listed as World Liberty’s “DeFi visionary,” per the project’s documentation, CoinDesk reported.

His role isn’t clear. Barron doesn’t appear to have any prior involvement in DeFi.

WLFI token

DeFi projects often come with governance tokens that are also usually tradable on the market. World Liberty will also introduce a token, the project’s documentation said, though it claims the token won’t be tradable, meaning it won’t have a market value.

But code tests reveal the token could be made tradable in the future.

It’s also not clear yet what the distribution of the token will look like. Though Trump family members promote World Liberty, none are legally involved, per a disclaimer in the project’s documentation, reported by CoinDesk.

The tests showed plans for World Liberty to sell 30% of its WLFI token at a $1.8 billion valuation.

If successful, the sale would value the remaining 70% of tokens, earmarked for the Trump family and the project’s developers and advisers, at almost $1.3 billion.

World Liberty hasn’t confirmed if the parameters used in these tests will remain the same in the final version of its token structure. A spokesperson for the project declined to comment.

The split of tokens between World Liberty’s team, advisers, and the Trump family isn’t known, either.

Who’s involved

World Liberty has signed on several people to develop and advise the project.

Chase Herro and Zach Folkman

The project’s central figure is the 39-year-old Chase Herro.

Herro, along with his business partner Zach Folkman, are listed in documentation as World Liberty’s head of operations and its data and strategies lead respectively, Ogle confirmed.

Herro is no stranger to controversy. A token he promoted on influencer Logan Paul’s podcast dropped 96% afterward.

Herro runs a members-only trading group, charging members $149 a month for his advice, according to Bloomberg.

“If you do this right, who fucking cares if it goes to zero?” he said in a YouTube video promoting the group.

Steve Witkoff, a real-estate developer, introduced Herro to the Trumps, according to one of the people involved with the project who spoke with Bloomberg.

Herro and Folkman had both worked on DeFi project Dough Finance, a lending protocol that shares similarities with World Liberty, CoinDesk reported.

Dough Finance was hacked in July, costing users some $2.1 million.

Ogle

Ogle is a pseudonymous security expert and co-founder of the Glue blockchain who recently signed on as an adviser to World Liberty.

He told DL News that the Trumps see the new project “as a way of strengthening the US economic system.”

Ogle said he knows Herro and Folkman from his New York business days.

However he was tight-lipped, describing the token compensation for his role as “minimal,” and declining to elaborate.

“If the project turns into a $50 billion fully-diluted valuation token, it won’t change my life meaningfully in any way,” he told DL News.

Ogle also said he’s still in the dark about many of the details of World Liberty, including the specifics of the Trump family’s involvement, and said that official documentation hadn’t been completed yet.

Corey Caplan

Joining Herro, Folkman and Ogle is Corey Caplan, co-founder of DeFi money market Dolomite.

Ogle said he first met Caplan when the Dolomite co-founder pitched a group of New York crypto investors in 2018.

Ogle said Caplan is one of a few people he would trust with his private keys — the password-like codes that grant access to crypto wallets.

Sandy Peng

Sandy Peng, co-founder of Ethereum layer 2 blockchain Scroll, is the latest to sign on to World Liberty as an adviser.

How Peng became involved isn’t known. She’s well-known in the edgy fringe of DeFi populated by fans of the controversial NFT collection Milady Maker.

Influential Trump supporters in DeFi, such as crypto lawyer Gabriel Shapiro, have sported Milady NFTs as profile pictures on social media.

Aave

World Liberty isn’t building a new DeFi protocol from scratch. It’s piggybacking off Aave, the top DeFi lending protocol with $11 billion in deposits.

This kind of DeFi protocol is fairly common — building on top of Aave doesn’t mean there is any explicit cooperation.

Ogle declined to comment on Aave link, citing a non-disclosure agreement.

Tim Craig is DL News’ Edinburgh-based DeFi Correspondent. Reach out with tips at tim@dlnews.com.

TORONTO, Sept. 16, 2024 /PRNewswire/ – DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (CBOE CA: DEFI) (GR: RB9) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi“), is pleased to announce that it filed today a Form 40-F Registration Statement (“Form 40-F“) with the United States Securities and Exchange Commission (the “SEC“), in connection with its application to list its common shares (“Shares“) on The Nasdaq Stock Market LLC (the “Nasdaq“). The listing of the Company’s common shares on the Nasdaq remains subject to the approval of the Nasdaq and the satisfaction of all applicable listing and regulatory requirements, including the Form 40-F being declared effective by the SEC. The Company will continue to maintain the listing of its Shares on the Cboe Canada Exchange.

About DeFi Technologies
DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionising the way individuals and institutions interact with the evolving financial ecosystem. Follow DeFi Technologies on Linkedin and Twitter, and for more details, visit https://defi.tech/ 

Cautionary note regarding forward-looking information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the filing of the Form 40-F; approval for listing of the Shares on NAsdaq; the declaration of effectiveness of the Form 40-F by the SEC; the listing of Shares on Cboe Canada Exchange; investor interest and confidence in digital assets; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and cryptocurrency sector; rules and regulations with respect to decentralised finance and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

View original content to download multimedia:https://www.prnewswire.com/news-releases/defi-technologies-files-form-40-f-with-the-sec-302248763.html

SOURCE DeFi Technologies Inc.

Legendary game developer CCP Games this week lifted the lid on Eve Frontier, a space survival game set in the Eve Online universe that features blockchain integration. 

Initially referred to as Project Awakening, Eve Frontier appears to have a lot of similarities to the massive Eve Online game, but with more of a survival focus—and the ability to use crypto tokens and blockchain code to impact and reshape the game in new ways.

Details are still a little thin on the ground, but with such a prestigious development studio behind it, hopes are high that Eve Frontier could be one of the first truly triple-A blockchain games. If the sound of that has piqued your interest, this is everything you need to know about the game. 

What is Eve Frontier?

Eve Frontier is an upcoming video game being made by Icelandic developer CCP Games, the studio behind the deeply hardcore and long-running online space sim, Eve Online.

It’s being touted as a space survival simulation, where you awake from stasis as the last relic of humanity and are plunged into a world where drone swarms scour the landscape—and the remaining survivors fight for limited resources. What that means for players, it appears, is that they will need to collaborate and even create resources in the world to survive.

“In the beginning, the world is like a massive beast to be tamed. It’s angry, it’s primal, it’s evil—and it’s out to get you,” CCP Games founder and CEO Hilmar Veigar Pétursson told Decrypt in March 2024. “The world of [Eve Frontier] literally wants to kill you.”

So far no gameplay has been shown, and we have very limited info on what you’ll actually be doing in the world. But it’s a safe bet that at some point, or maybe for the entire game, you’ll be able to pilot a spaceship.

CCP Games raised $40 million in 2023 in a round led by VC giant Andreessen Horowitz to fuel its blockchain gaming ambitions. Pétursson has been actively involved in the crypto world for years, even speaking with Decrypt about the future of blockchain gaming back in 2020.

Is it the same as Eve Online?

If you’ve heard of Eve before, then it’s likely because of Eve Online, the gargantuan space MMO that has been going for over 20 years at this point. 

It’s notoriously one of the most difficult games to get into, with layers of complexity from both the game itself and the extremely die-hard community that still inhabits the world. There are tons of things to get involved with, from politics to space wars, capitalism, and even accounting if you are so inclined. 

However, Eve Frontier is not the same game as Eve Online. It’s a completely different game that will not be linked to the main MMO in any way, other than sharing a franchise name and likely the lore of the universe it is set in. 

There has been some speculation that Frontier is designed to be the game that ultimately replaces Eve Online, but until we get a better look at the game, there is no way to tell if that’s going to happen. 

How is crypto involved?

CCP has been keen to stress in the interviews it has done around Eve Frontier that this is a game that features blockchain technology, but is not billed as a “blockchain game.” That hopefully means that CCP is making a game first and foremost, and not simply a vessel to sell tokens to you. 

There will be some crypto tokens created for use in Eve Frontier. The Eve Token will be a utility token that can be changed as a means of external value, with CCP already saying it will not restrict transactions outside the game itself.

However, the real interesting tech comes from the community creation options. Eve Frontier will utilize blockchain technology to give community members the chance to develop new experiences and features within the game, which could include their own crypto tokens if they so wish. 

The goal seems to be that CCP will create a toolset that will then allow the community to continue to develop the game over the coming years, with the original devs remaining mostly hands-off. This could mean the game shifts significantly over time based on the community’s creations.

CCP is calling its blockchain tech approach “Smart Assemblies,” describing them as features that players can create via smart contracts—which hold the code that power decentralized applications—or other integrations within Eve Frontier.

“Players can construct infrastructure such as storage facilities, trading posts, defenses and more. Think of it as enhanced base-building,” an official FAQ explains. “Through each structure having a programmable layer, EVE Frontier allows for greater moddability and player expression on top of each ‘base item.’ Constructing infrastructure and deploying it on the Frontier does not require it to be programmed.”

“For example, a Smart Storage Unit (SSU) is a structure anchored in space, which acts as smart storage, holding and dispensing any form of inventory players choose to load it with (currencies, items etc.),” it continues. “With Smart Assemblies, this structure can be coded to serve as a marketplace, a quest giver, a bounty hunter system, an arcade machine etc.”

What is Eve Frontier built on?

All this tech is taking place on Ethereum, which makes sense for a game of this scale given the abundance of scaling networks and the fact that many prominent crypto tokens are built on it.

The crypto tokens within the game will be issued with the ERC-20 token standard, with the game itself being developed on Redstone, an Ethereum layer-2 network that is built on Optimism tech and designed specifically for autonomous game worlds.

When it comes to the actual game creation, that’s all taking place on CCP’s Carbon engine, which it plans to open source eventually. There’s also MUD, an on-chain engine from Lattice that was built in parallel with Redstone.

When is Eve Frontier coming out?

There’s currently no release date or window for Eve Frontier. However, a new playtest for the game will begin on September 27, and you can sign up on the official website to potentially gain access.

The reveal trailer for the game also said that “founder access” is coming soon on PC and Mac, but there’s no information yet on what that means or how to get it.

Edited by Andrew Hayward

Aave price remains strong ahead of the launch of Trump’s DeFi project, as Donald Trump survived his second assassination attempt in two months at his Florida golf club. The FBI confirmed that Trump is unharmed and quickly apprehended the suspect.

While Trump’s World Liberty Financial (WLFI) DeFi project launched today, Aave has stolen the spotlight with an 11% gain over the past week, outperforming most of the crypto market. Over 90 days, Aave price leads the market with a 66% increase, fueled by speculation that WLFI may run on Aave’s protocol. With 93% of Aave’s supply in circulation, analysts predict further price gains. Currently, AAVE trades at $140.67 after a slight 3% retracement.

Aave Price Retraces as WLFI Launch Follows Trump Assassination Attempt

Donald Trump survived an alleged assassination attempt at his Florida golf club, marking the second such incident in two months. The FBI confirmed that Trump remains unharmed, and authorities quickly apprehended the suspect after he fled the scene. Authorities recovered an AK-47-style rifle, indicating the act was premeditated. 

Meanwhile, today marks the highly anticipated launch of Donald Trump’s World Liberty Financial (WLFI) DeFi project, as announced in last week’s official statement.

.@WorldLibertyFi pic.twitter.com/rHEGQXl4jL

— Donald J. Trump (@realDonaldTrump) September 12, 2024

According to video announcement on his X account, Trump is “embracing the future with crypto and leaving the slow and outmoded large banks behind” with the launch of this new crypto project. World Liberty Financial has been in development for several months now and is being led by Trump’s sons, Eric and Donald Jr. Trump.

Aave price surged when speculation emerge that the WLFI would run on the Aave protocol atop the Ethereum mainnet. Additionally, 93% of Aave supply is in circulation, which means inflation will end soon, leading to a mega pump in price as demand continues to soar for the DeFi platform.

The price of AAVE is trading at $140.67 today after slightly retracing 3% over the last 24 hours.

AAVE Technical Analysis: Why The Pump Is Not Over

Aave price action is one of the few bullish charts in the crypto market currently. It displays a strong uptrend that began in mid-2023, marked by a series of higher lows and higher highs. The price has broken above key resistance levels, confirming bullish momentum. 

The price of AAVE may encounter resistance at $186, which marks the next significant barrier. The chart suggests this level is the next major target for the bulls, indicated by the measured move projection from the breakout point. It constitutes a 32% upside surge from the current price.

If Aave can hold above $186, it would open the doors for a much larger upside move, potentially targeting the $200–$220 range in a 55% upswing.

Aave price has support around $130-$135, which was previously a resistance, making it a crucial base for further upward movement. If market conditions change and the price drops below $138, the next lower support is at $100 and $80 if it goes below that. This would invalidate the current bullish thesis, as AAVE would drop back into consolidation.

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Evans Karanja

Evans Karanja is a crypto analyst and journalist with a deep focus on blockchain technology, cryptocurrency, and the video gaming industry. His extensive experience includes collaborating with various startups to deliver insightful and high-quality analyses that resonate with their target audiences. As an avid crypto trader and investor, Evans is passionate about the transformative potential of blockchain across diverse sectors. Outside of his professional pursuits, he enjoys playing video games and exploring scenic waterfalls.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.