Shiden Growth Digest March 2022: News and Updates
We’ve got little bit late with the monthly digest and we are sorry! But we can’t let it slide! Better late than never!
Shiden Growth Digest March 2022: News and Updates
The Shiden Growth monthly Digest provides an overview of the Shiden ecosystem activity for the previous month, with links to articles and tweets where you can drill into more information. We want to tell you the latest updates on Shiden Growth Network in this article.
March was an incredibly successful month for most of the Shiden ecosystem projects. More partnerships, more investment rounds and support. But before we go to the projects, let’s talk about updates in the Shiden Network itself.
SDN Individual Claim
The network is moving towards dApp Staking v2; implementing the individual claim.
As reviewed in a tweet, “we will upgrade our dApp staking mechanism with individual claim #build2earn!.”
Before the SDN Individual Claim update, a delegator who staked SDN tokens in the dApp staking smart contract could claim all rewards for himself and all other delegators. However, the new SDN Individual Claim implementation allows each delegator to claim rewards individually. This feature makes dApps staking more scalable and non-custodial. It will enable the possibility to increase the number of stakers for each dApp. Scalability is the key!
Shiden Network Integrates Cointool.app.
Cointool.app announced Shiden is now integrating Cointool.app for non-custodial account management. Cointool.app integration allows non-custodial accounts usage and other advanced functionalities. You can easily manage your Shiden account, create your own tokens on Shiden, check smart-contracts approvals, use token multisender, etc. More advanced users might be very interested in Cointool functionality.
Shiden Network Integrates SubWallet.
SubWallet is delighted to announce an integration partnership with Shiden Network by joining the Builders Program. The team disclosed,
“SubWallet is already available on almost all popular browsers. It’s time to start our Partnership with @AstarNetwork to integrate into Dapps on the Astar ecosystem by joining the Astar Builders Program! Thanks @WatanabeSota, @henskensm for the great support.”
Upon integration, SubWallet will be available for Astar and Shiden Dapps users. That way, users can use SubWallet with native Astar and Shiden portals.
SubWallet is a user-friendly Web3 Multiverse Gateway for the Polkadot and Kusama ecosystem. SubWallet provides the simplest and most secure way to connect to blockchain-based applications like DeFi and GameFi. That way, newcomers will be able to start interacting with dApps via a user-friendly SubWallet interface.
Shiden DeFi integrations and Partnership
As SDN made some impressive moves to adopt Web3, it is not left out in decentralizing finance. Here, let’s move on to the projects and dApps.
Emiswap Partnered With Big Brain Holdings.
Emiswap partnered with Big Brain Holdings, a crypto investment fund with over USD20 million investments. This opens up more opportunities for Emiswap in achieving its goal to create an instant multi-chain DEX with evolving DAO governance and capabilities. We can expect more cross-chain liquidity and trading opportunities coming in the near future. Speaking of new wallet integrations, BitKeep now supports Emiswap DEX. As we already mentioned, more wallets bring more users.
Not to mention that Emiswap is preparing a new user interface and design updates that will make the Emiswap DeFi experience more convenient and user-friendly for the community.
SupraOracles Will Integrate Their Service to Standard Protocol.
In a recent blog, SupraOracles said,
“It is pleased to announce its collaboration with Standard Protocol, the first self-sovereign stablecoin Protocol for synthetic assets that is collateralized and rebasable, and embraces and visions the truly decentralized form of Web3. Standard Protocol will function in multichain ecosystems, including Metis, Ethereum, Shiden, and further expand to other networks this year.”
SupraOracles will integrate their service to Standard Protocol, which will enable access to reliable data feeds for real-world use cases. Also, Standard Protocol finished the testnet of their native USM stablecoin and announced the launch of USM. This Partnership with SupraOracles becomes more relevant as Standard Protocol will need more credible data and precise pricing feed for utilizing USM money markets.
Please go through this article for future read about Standard Protocol’s stablecoin, USM and how it works.
Standard Protocol Partnered With Ankr
Through a blog, Standard announced they are partnering with Ankr on its journey in the Polkadot ecosystem over the next few quarters by providing performance monitoring and analysis for RPC validators on Standard parachain. Ankr will help enable Standard to become one of the pioneer candidates for liquid staking on a Polkadot parachain, specifically for $STND tokens, the announcement said. There are few details about the statement. However, we believe that Ankr will help Standard Protocol enable liquid staking and provide performance monitoring for RPC validators on Standard parachain in the future. Also, more use-cases for the Dividend pool and STND tokens are coming.
Shiden Supports Audio Distribution of NFTs
Shiden Officially Stepped Into Audio NFT
Shiden Became the official Blockchain Partner for RIOT MUSIC’s upcoming musical experience: Re:Volt 2022.
The next step in the NFT industry is audio, and Shiden has officially announced stepping into the audio NFT field.
According to a tweet by Shiden Network, “We are officially tuning into the audio NFT world! Today marks a revolutionary milestone in the Web 3.0 era, and are proud to announce that @ShidenNetwork is the official blockchain partner for RIOT MUSIC’s upcoming musical experience: Re:Volt 2022.”
During the Re:Volt 22 event hosted by RIOT MUSIC, there was Audio Token Distribution, a service that enables NFT to be delivered by sound using a technology called “acoustic watermark”. NFTs are distributed via “proof of experience” to all users who visited the event and touched the content. This technology enables the distribution of NFTs via YouTube or radio, or any other audio broadcasts.
Also, Sushi Top Marketing participants of the Builders program, together with Brave Group, are accelerating Web3 and bringing more use-cases for visual NFTs and Audio NFTs. Distributed NFTs will enable access to limited content from RIOT MUSIC.
That’s all for March 2022. If you do not want to miss important announcements, stay tuned and subscribe to our social media.
About Shiden Growth
The main goal of the initiative is supporting the Shiden ecosystem particularly the whole community, existing projects deployed on Shiden networks as well as helping new projects to migrate and deploy their dApps or smart-contracts on top of Shiden.
Building the community for the whole ecosystem and providing the media support for the ecosystem dApps, create educational content for the community as well helping to interact it and collecting feedback — it is one of the main priorities for us. Shiden’s dApps will be able tеo gain support and have the opportunity to spread awareness in the community about their products.
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