aelf Monthly Digest — March 2024

aelf is a high-performance layer-1 blockchain network built on cloud computing.

ælf
aelf

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Dear aelf Community Members,

Welcome to the third aelf Monthly Digest of 2024, covering the developments and progress made aelf has made in March 2024. This article provides an overview of the advancements in aelf’s technology, highlights ecosystem development, recaps events held during the past month and shares Web3 industry insights.

Technology

1. aelf Network v1.8.0

This month, aelf implemented a network upgrade to version 1.8.0, bringing in improvements to better facilitate the handling of digital assets, including their creation, management, and transfer. A standout feature of this upgrade is the ability for users to create non-fungible tokens (NFTs) on any specified chain, be it the MainChain or SideChains, making the NFT creation process more efficient and reducing wait times.

Additionally, aelf has enabled the creation and trading of NFTs and semi-fungible tokens (SFTs) in fractional units, allowing for fractional ownership and increasing asset liquidity. The update also introduces a batch approval feature to enhance the efficiency of simultaneous processing of multiple transactions.

2. aelf Cloud-Native Computing

aelf enhanced its cloud-native computing capabilities and optimised the synchronisation of container cache. It is expected to be deployed on the aelf Mainnet in April 2024.

Ecosystem

1. aelf x Plug & Play Blockchain Content Series

We kicked off our 4-part Blockchain content series as part of our partnership with Plug and Play. The first session, a closed-door introductory session titled “Blockchain Basics and Current Market Trends”, was presented by our Business Development Director, Khaniff Lau, on March 8th. The upcoming 3 sessions will be a blockchain product ideation workshop, a design architecture workshop and a panel discussion featuring prominent guests from the Web3 space.

2. aelf Community Programs Launched: Campus Outreach Program and Ambassadors Network Program

Committed to driving innovation and building stronger crypto communities, aelf has launched two community programs. The Campus Outreach Program aims to engage universities and educational institutions worldwide through collaboration with student groups, offering hands-on blockchain experience and driving innovation in the field while the Ambassadors Network Program represents a unique opportunity for university students to become leaders in the blockchain industry and get rewards for it. Our first rendition of the Campus Outreach Program was in partnership with NUS Fintech Society for the NUS Fintech Summit 2024 where we facilitated the creation of 37 projects, formed 44 hackathon teams, and engaged 639 participants.

3. aelf Ecosystem dApps Highlight

Project Schrodinger

Project Schrodinger is a new AI NFT dApp powered by aelf blockchain’s multi-contract feature — akin to ERC404 — and they have recently launched their first collection, Schrodinger’s Cat. The multi-token $SGR was launched for whitelisted addresses on Gate.io and Bounce Finance on March 20th and both launches were heavily oversubscribed, indicating the strong interest from the community. As of March 27th, 71,377 users have been enrolled, 22,663 cat NFTs were generated and the highest NFT sale price was 4,893 ELF.

We look forward to the exponential growth of this revolutionary AI NFT project!

PixiePoints

Incubated by AEVOLVE Labs, PixiePoints is a one-stop Reward Points Platform that empowers individuals to become advocates for decentralised applications (dApps) within the aelf ecosystem. The platform empowers everyone to advocate for the aelf dApps they are passionate about. Through its unique referral system and its universal point accumulation system within the aelf ecosystem, users can earn points which can later be used to redeem various dApp rewards.

AeFinder

In March, AeFinder rolled out v1.1.6, enhancing processing speeds and optimising RAM usage, while also completing the initial development of AeFinder v2.0.0 to boost security and improve the developer experience, with its testing and release planned for the following month.

AetherLink

AetherLink finished developing v1.2.0, significantly speeding up the generation of verifiable random functions (VRFs) and cutting down waiting times, with plans to test and deploy this update on the Mainnet in April.

Events

1. Blockchain Festival Asia 2024

Mackenzie Chng, Investment Manager at aelf, spoke at Blockchain Festival Asia 2024 in Singapore on March 2nd. Through a panel discussion titled “Blockchain Unchained: Driving Enterprise Growth Through Innovation”, he discussed the topic of driving enterprise growth through blockchain innovation, giving firsthand accounts of how blockchain technology is set to become the game-changer for companies across different industries.

2. aelf in the US: GDC, PAX East and NFT.NYC 2024

In Mid-March, the aelf team was in the United States for Game Developers Conference 2024 (GDC), PAX East 2024 and NFT.NYC 2024. As a Bronze sponsor at the Next Gen Tech Forum, we presented two keynotes that shared more about Web3 gaming and fundraising strategies from a venture capital viewpoint and manned a booth with exciting campaigns. Aside from these events, our team also participated in other side events such as Democratize24, where we spoke on a fireside chat alongside Bitmart’s Chief Business Officer, Kaimin.

3. Global Campus Outreach: Hong Kong

In late March, the aelf team organised a luncheon with HK Blockchain Academy and 0xU to explore collaboration opportunities for aelf’s Campus Outreach Program for both tech and non-tech students. During this gathering, we also met with student leaders from four major local universities: Hong Kong University, Hong Kong Polytechnic University, City University of Hong Kong, and Hong Kong University of Science and Technology. The meeting was focused on learning about their blockchain educational objectives and to introduce the aelf Ambassadors Network Program to their student groups.

Upcoming:

Hong Kong Web3 Festival

This month, the aelf team is heading over to Hong Kong for Hong Kong Web3 Festival! We’re not just participating; we’re setting the stage on April 8th by co-hosting the Official GameFi Side Event alongside the Asia Blockchain Gaming Alliance (ABGA). But that’s not all — as the sun sets, we’ll light up the night as the title sponsor of the Grand Party in HK 2024. Sign up and join us at these spectacular events to mingle with the aelf team and dive deep into the world of blockchain gaming!

Industry Insights

This month, we published 2 Industry Insights articles:

  1. How FOMO Culture Drives the Web3 Space and Seduces with Crypto Airdrops & NFTs
    The article explores the impact of FOMO in the cryptocurrency and NFT markets, emphasising the dual allure and risk of crypto airdrops and NFT flipping. It highlights the psychological effect of wanting to be part of lucrative investments, emphasising the importance of research and risk management when making decisions in the Web3 space.
  2. Productivity and Profits: How Blockchain Technology Can Boost Your Business
    The article delves into how blockchain technology can revolutionise business operations, focusing on three main aspects: enhancing operational efficiency, reducing costs and building customer trust and competitive advantage.

*Disclaimer: The information provided on this blog does not constitute investment advice, financial advice, trading advice, or any other form of professional advice. aelf makes no guarantees or warranties about the accuracy, completeness, or timeliness of the information on this blog. You should not make any investment decisions based solely on the information provided on this blog. You should always consult with a qualified financial or legal advisor before making any investment decisions.

About aelf

aelf, a high-performance Layer 1 featuring multi-sidechain technology for unlimited scalability. aelf blockchain is designed to power the development of Web3 and support its continuous advancement into the future. Founded in 2017 with its global hub based in Singapore, aelf is one of the pioneers of the mainchain-sidechain architecture concept. Incorporating key foundational components, including AEDPoS, aelf’s variation of a Delegated Proof-of-Stake (DPoS) consensus protocol; parallel processing; peer-to-peer (P2P) network communication; cross-chain bridges, and a dynamic side chain indexing mechanism, aelf delivers a highly efficient, safe, and modular ecosystem with high throughput, scalability, and interoperability.

aelf facilitates the building, integrating, and deploying of smart contracts and decentralised apps (dApps) on its blockchain with its native C# software development kit (SDK) and SDKs in other languages, including Java, JS, Python, and Go. aelf’s ecosystem also houses a range of dApps to support a flourishing blockchain network. aelf is committed to fostering innovation within its ecosystem and remains dedicated to driving the development of Web3 and the adoption of blockchain technology.

Find out more about aelf and stay connected with our community:

Website | X | Telegram | Discord

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