Krypital Group March Review
👉 New investment| 👉 Projects updates👉 Events Updates
👉 Market Recap | 👉 About Krypital Group
👉 New investment
- Raiinmaker
What is Raiinmaker
Raiinmaker is an AI app, secured by Bitcoin, rewards users for generating AI content. For training AI models, or running a mobile DePIN Node. This Web3 platform, powered by the Raiinmaker Network, transforms the way users monetize and contribute. It enables smooth interaction with internal functionalities. On the other hand, The Raiinmaker Network uses Web3 technology to improve the distribution of the value of real identity and data.
On RaiinmakerApp you can train 9 AI Models, Mobile DePIN Validator and Create Generative AI Art.
Decentralized AI Infrastructure
DePINCutting edge mobile DePIN, running on Raiinmaker, and Coiin.AI DePIN nodes, contribute compute and data to the network.
Data LabelingUsers contribute to the growth and compute power of Raiinmaker AI models directly on the app.
Model TrainingThe distributed generation of compute power & high quality immutable model training on Raiinmaker provides significant value to AI systems.
About $COIIN
On Raiinmaker, users can post original content on social media platforms to earn money. The app monitors and registers this content on a blockchain. It uses a “Proof of Influence” method, a proprietary technique developed by Raiinmaker.
This concept encourages a fairer digital ecosystem by rewarding each user for the value they offer with their content. The platform does this via an NFT, and its native token: $COIIN.
The platform gives $COIIN tokens to users who participate in campaigns. Their “Proof of Influence” mechanism will define the amount of rewards each user will receive.
👉Projects updates
- deBridge
1. deBridge Points is LIVE, as deBridge moves further down the path to decentralization, the launch of our points program will be the main way to hand power over to our community. A points mechanism is a very powerful distribution channel that allows anyone to actively contribute and join the future governance.
Users can earn points for making bridge transfers across the deBridge ecosystem, including the deBridge app, and any partner application.
For every $1 paid in fees, you will earn 100 points.
- ZKX
1. L2 deposit & withdrawal went live on OG & Pro Trade, Now seamlessly deposit USDC from the Starknet wallets to enjoy cheaper deposit & withdrawal
Moreover, the Paymaster Smart Contracts are also live on L2, giving you the option to withdraw using zUSDC (our native USDC) or USDC (StarkWare) in a tap.
- ZeroLend
1. Zero Gravity Voyage 1: The Journey From Zero to Zillion Has Begun, as the token nears the TGE date, $ZERO drop will be distributed using the Zero Gravity points system.
The Zero Gravity Program is structured with a long-term mindset, spanning over years to incentivize long-term sustainability and growth within the protocol in the decentralized landscape
- Injective
1. Injective inEVM is live on mainnet, the first ever rollup designed to supercharge concurrent VM development. inEVM enables Ethereum developers to build dApps that leverage blazing fast speeds & near zero fees while achieving composability across WASM and EVM.
2. Injective Bridge Ionic Upgrade, the launch of the Ionic upgrade to the Injective Bridge marks a transformative moment in interoperability and functionality. This next-generation enhancement elevates the Injective ecosystem, setting a new standard for asset transfers between diverse blockchain networks.
- PYTH
1. Pyth Price Feeds Launch on Injective inEVM, Pyth Price Feeds are now live on Injective inEVM, the first rollup to hyperscale concurrent VM development. This deployment follows the launch of the Pyth Price Feeds on Injective mainnet in April 2023. - https://shorturl.at/gvWY0
- 2. Pyth Price Feeds Now Live on Merlin Chain, The Pyth oracle is now available on Merlin Chain, a Bitcoin Layer2 that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules. This deployment further solidifies Pyth Price Feeds as the go-to solution for developers building on the growing Bitcoin ecosystem.
- https://shorturl.at/adlV2
- Raiinmaker
- 1. Raiinmaker Announces Launch of Native Token $COIIN on Base, Raiinmaker, a Web3 and AI Technology Company, today announced that its initial IDO for the $COIIN token on Tenset sold out in just 29 seconds and a second IDO on Poolz two days later also sold out. More IDOs are planned for the month of April, leading up to the TGE of its native token, $COIIN.
- https://shorturl.at/sBEFZ
- Solv Protocol
1. Introducing SolvBTC, The First-Ever Yield Bearing Bitcoin, SolvBTC, the first-ever yield-bearing BTC, is now LIVE on Ethereum, Arbitrum, BNB Chain, and Merlin Chain. Solv Protocol serves as a unified liquidity gateway, connecting different networks to create a more inclusive BTCFi ecosystem. the generation of competitive native yields.
2. Introducing Solv’s Point System: Earn XP and Unlock Rewards.
Phase 1 of Solv’s Point System will focus on SolvBTC, the world’s first-ever yield-bearing Bitcoin. SolvBTC aims to fill the huge demand gap for Bitcoin holders, by enabling them to earn native yield while maintaining asset exposure.
👉Event updates
Join us for these and other conferences in the coming months! Let us know if you’d like to meet or possibly co-host a side event, and we’d be more than happy to get in touch. In addition, we would love to attend more industry events to network through speaking or panelist opportunities. If you are organizing any event please get in touch with us at Contact@Krypital,com and we would like to discuss how we can provide support.
*HK Web3 festival
👉Market Recap
Bitcoin March Insight
Currently, over 97% of Bitcoin addresses are profitable, reaching the highest profit level since November 2021.
Snowden: Predicts that this year a sovereign government will be disclosed as having been continuously purchasing Bitcoin.
On February 29th, it was reported that Edward Snowden,predicts a sovereign government will be disclosed this year as continuously purchasing Bitcoin as an alternative to gold reserves, although he did not publicly disclose this fact.
Developer Leonidas of Ordinals announces that its experimental project Runestone will undergo an airdrop.
On February 18th, developer Leonidas of Ordinals announced on X platform that the Runestone airdrop is imminent. Users can check their Ordinals address at a designated website to confirm if they will receive Runestone. However, Leonidas has not yet announced the specific airdrop timing. It is reported that Runestone is an experimental project initiated by Ordinals developer Leonidas inspired by the RISC project. Runestone has completed a snapshot at block height 826,600 (Ordinals first anniversary). The total supply of Runestone is 110,000, with a maximum of one per address. They will be airdropped in the form of inscriptions, and once Casey completes the development of the Rune protocol, Runestone inscriptions will be airdropped to inscription holders at a 1:1 ratio.
Trump: Bitcoin has developed its own vitality and may need some regulation.
On February 23rd, according to CoinDesk, former U.S. president and leading Republican contender Donald Trump said that Bitcoin (BTC) has “take a life of its own,” and may need some regulation.
Trump spoke to Fox News at a town hall event in South Carolina ahead of the Republican primary. Former South Carolina governor Nikki Haley remains the only other contender, vowing to continue the campaign even if she loses in Saturday’s primary.
When asked by Fox News host Laura Ingraham whether the U.S. should accept Bitcoin as the next logical step, Trump said, “A lot of people are doing it (referring to Bitcoin),” “I’ve always liked a currency… I like the dollar.” Regarding Bitcoin, he said, “It has developed its own life, it may need some regulation. But a lot of people are accepting it. I see more and more people wanting to pay with Bitcoin. You’re seeing some interesting things. I can accept its existence in one way or another.” Trump previously called central bank digital currencies (CBDCs) dangerous and pledged not to allow them to exist if elected.
The founder of Ordinals is seeking suggestions regarding the Genesis RUNE. The community can submit suggestions regarding the name, currency symbol, divisibility, and minting conditions.
On February 12th, it was announced that Casey Rodarmor, the founder of the Bitcoin NFT protocol Ordinals, is seeking suggestions regarding the Genesis RUNE. The community can submit suggestions regarding the name, currency symbol, divisibility, and minting conditions. Casey mentioned that RUNE 0–9 might be hard-coded, all being minted in a public and fair manner, without any type of pre-mining or pre-allocation. Previously, Casey announced during the Taipei Blockchain Week that the mainnet launch of the Runes protocol would occur at block height 840,000, which coincides with the next Bitcoin halving event. The fourth Bitcoin halving is expected to take place on April 23, 2024.
ETH March Insight
Coinbase has provided arguments from legal, technical, and economic perspectives to support the approval of Grayscale Ethereum Spot ETF.
On February 22nd, Coinbase responded to a request for comments from the U.S. SEC regarding Grayscale Ethereum Trust (ETHE) transitioning into a spot ETF. They outlined reasons why an Ethereum spot ETF should be approved, starting with the assertion that ETH is not a security. Both before and after the Ethereum merger, entities such as the SEC, CFTC, and the market have not considered ETH a security but rather a commodity.
Additionally, they highlighted the strong governance capabilities of Ethereum’s proof-of-stake, which reduce risks of fraud and manipulation. Economically, they argued that ETH has flexibility comparable to BTC in meeting the criteria for ETP approval by regulatory bodies.
Coinbase expressed their commitment to supporting innovation and fostering a transparent, secure, and inclusive financial ecosystem through ongoing dialogue and research.
Regarding the ETHGlobal hackathon, on February 22nd, ETHGlobal announced the seven projects that made it to the final round. These projects include:
1. priv.cast: an anti-counterfeit and private voting application built using the Farcaster framework.
2. VeriBot: utilizes zkML to prove (closed) source code is free of vulnerabilities.
3. zkDL: an identity verification project using zero-knowledge proofs to protect user privacy.
4. 0xShadows: a multisig wallet allowing owners to anonymously submit/approve/deny transactions.
5. ZK open banking: a fully private open banking protocol supported by the aztec network.
6. EVMTrace: aims to reveal the use of cryptographic technologies on-chain by collecting data using techniques such as tracing, tracking precompiles, pattern recognition, and manual work.
7. Myriad: a new way to engage with DAOs to derive actual enjoyment, allowing users to create and participate in DAO platforms.
Ethereum Foundation: The Dencun mainnet upgrade is expected to be activated on March 13th at 21:55 UTC.
The Ethereum Foundation officially announced on February 27th that the Dencun mainnet upgrade is expected to be activated on March 13th, 2024, at 21:55 Beijing time, at block height 269568. This upgrade introduces EIP-4844, also known as “protodanksharding,” which aims to reduce transaction fees on Layer 2 networks through temporary data blob technology. Node operators and stakers are required to update their software versions as per the announcement.
Vitalik Buterin: Total value locked (TVL) should not be the goal, but a necessary evil
According to PANews, Vitalik Buterin posted on Warpcast that total value locked (TVL) should not be the goal, but a necessary evil. Every dollar locked up in a protocol (especially an immature one) rather than in a secure and simple wallet is a security risk in some way. He stressed that sometimes we need to take such risks to gain valuable benefits, but lockdowns for the sake of lockdowns should be minimized.
👉About Krypital Group
Founded in 2017, Krypital Group is a leading global venture capital firm and blockchain incubator with active arms in North America, Asia and Latin America. Vested in a complete blockchain ecosystem, the company has specific investment funds for both primary and secondary markets, as well as providing end-to-end services such as project incubation, brand management and technical advisory. To date, Krypital Group has invested and incubated more than 100 projects so far.
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