Krypital Monthly Report | Despite the prolonged bear market, product development is still well underway!

2018.07 Krypital Monthly Report №05

Krypital Group
Krypital Group
12 min readSep 6, 2018

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In July, Krypital Group was certified as an OKEx professional investor, and due to its rich experience and multi-faceted global presence, it established an in-depth strategic partnership with the Super Map Project SOAR, in addition to discussing future legislation for Vietnamese cryptocurrency with the Vietnamese Government.

At the same time, Krypital Group’s cooperative projects have been moving forward at a rapid pace: ELONCITY has received its cornerstone investment from dozens of well-known companies around the world; Egretia has brought the smart contract template mall and web wallet to global developers; Merculet has performed functional iterations of GaaS and Simplet and launched an open platform; the first product of ArcBlock, OCAP Playground, engaged with its first ecosystem partner ELONCITY; CyberMiles officially released its virtual machine CVM and advanced programming language Lity. Let’s review the project progress for this month:

Krypital Group

In July, Krypital Group was certified as an OKEx professional investorand established an in-depth strategic partnership with the Super Map Project SOAR. At the same time, to further its global presence, the CBO of Krypital Group, Andrew Le, attended a summit held by the Vietnamese Government, and discussed future legislation for Vietnamese cryptocurrency with the Vietnamese Government, being the only digital currency expert among the specially invited guests.

Partners

1. Krypital Group is awarded OKEx professional investor certification

On July 21, 2018, the OKEx IndustryWin-Win Conferencewas held in Sanya,whereKrypital Group attended as the guest and was certified as an OKExprofessional investor, earning privileges with respect to OKEx platform project recommendations, go-live decision-making, project sharing, discussion meetings, private circles, and others.

2. Krypital Group established an in-depth strategic partnership with SOAR

On July 29, Krypital Group formalized an in-depth strategic partnership with the Super Map Project Soar. Soar, developed by Australia-based Spatial Map Technology Company, was designed to create super maps via first building a distributed drone content platform, and then integrating satellite, aviation, drone picture, and video data.

Global consensus

On July 13, Krypital Group’s CBO, Andrew, was invited to the “Industry 4.0 Summit 2018” organized by the Vietnamese Government and the Central Economic Commission.

The meeting was co-chaired by the Vietnamese Prime Minister Nguyen Xuan Phuc, and the Chairman of the Central Economic Commission Nguyen Van Binh, and Andrew discussed the future legislation of Vietnamese cryptocurrency with the Vietnamese Government, being the only digital currency expert among the specially invited guests,

SinceELONCITY was officially launched this June, it has attracted much attention in the marketbecause of its vision for changing the energy structure of the future and its strong technological support for practical applications. As a result, it won the “Star of Blockchain” Award at the “China-US Venture Capital Investment Summit Blockchain Forum” (held by ChainNews in collaboration with www.people.com.cn in the USA’s Silicon Valley). At the same time, ELONCITY has received cornerstone investments from dozens of top-tier investment companies around the world.

Project Progress

On July 21, at the “China-US Venture Capital Investment Summit Blockchain Forum” held by ChainNews in collaboration with www.people.com.cn in the USA’s Silicon Valley, ELONCITY received the “Star of Blockchain” award via a voting process including a total of over half a million votes and followed by nearly one million people.

Partners

1. ELONCITY received investment from several well-known institutions

With the gradual exposure of ELONCITY worldwide, ELONCITY has attracted growing attention in the market and has received cornerstone investments from dozens of well-known investment companies around the world,due to its powerful technical team and its vision for changing the future,which will lay a solid foundation for ELONCITY’s global consensus.

2、ELONCITY established strategic partnerships with ArcBlock and CyberMiles

On July 13, ELONCITY reached a strategic partnership with ArcBlock, and will deeply explore the blockchain application OCAP; on July 16, ELONCITY reached a strategic partnership with CyberMiles, whereby ELONCITY will become a micro-electrical network built on the high-performance CyberMiles side chain, thus realizing fast and secure energy transactions.

Global consensus

Founder Li Jianyu attended the “China-US Venture Capital Investment Summit Blockchain Forum” held by ChainNews and www.people.com.cn.

On July 11, Founder Li Jianyu and Vice President of project Michael Nguyen attended an AMA live streaming of the YouTube blockchain celebrity Crypto Crow.

A review of the live streaming: http://suo.im/57cG3D

On July 16, Founder Li Jianyu attended an online interview organized by ChainNews.

On July 20, Founder Li Jianyu and the Vice President of the project Michael Nguyen attended an AMA live streaming of the YouTube blockchain celebrity Crypto Love.

Egretia

Following the launch of “Master of Soccer”, an auction of limited edition articles from soccer stars took place this month as scheduled. In terms of its product development progress, this month Egretia has brought the SmartStore and EgretiaWallet products to global developers, thus lowering the threshold for blockchain development; for its ecosystem construction, Egretia reached strategic partnerships with the bottom-layer public blockchain Nebulas and MagnaChain, thus accelerating the construction of Egretia’s global ecosystem.

Project Progress

1. Egretia officially released the SmartStore

On July 19, Egretia officially launched its smart contract template mall SmartStore, allowing developers to quickly find their desired smart contract templates for learning and writing, thus greatly lowering the threshold for smart contract development.

Introduction to SmartStore

2. EgretiaWallet, the wallet of Egretia Web, officially launched

On July 26, the web wallet EgretiaWallet, was officially launched, allowing developers to access this web wallet through simple code, thus enabling developers to better serve their blockchain participants.

Introduction to EgretiaWallet

3 The “Master of Soccer” auction well underway

On July 16, the limited-time auction opened for the world’s first blockchain Football game “Master of Soccer” with football stars. As of July 31, nine auctions were successfully completed.

Auction: http://suo.im/4oGmJj

Partners

On July 12, Egretia reached a strategic partnership with the public blockchain Nebulas, wherein both sides vowed to focus on blockchain developer communities, public blockchain, and blockchain content platforms, actively and rapidly bringing the blockchain to ground, which will expand the application scenarios for blockchain and help unleash more value. On July 18, Egretia reached a strategic partnership with the public blockchain MagnaChain, in which both sides will work hand in hand to provide game developers with more advanced blockchain game technology solutions and jointly establish a positive and healthy blockchain game ecosystem .

Global consensus

CEO Huang Jun attended the “Ultimate Inquisition” program of the “Blockchain Game Hall of Fame on games.sina.com.

Event Review

On July 12, CEO Huang Jun was invited to the exclusive interview “Blockchain Questions Answered”, a program on blockchain projects created jointly by Bplus and www.linksfin.com.。

Event Review: http://suo.im/4RxTD1

Huang Jun was interviewed by Youtube celebrity Crypto Beatles.

Interview Review: http://suo.im/4nt3Dh

Huang Jun attended the Value100 Session 20 on www.tuoluocaijing.cnupon invitation

Event Review

Merculet

In July, Merculet was highly active in its product development progress, and with the first stage of its GaaS platform refined and optimized, Simplet was substantially optimized and its open platform was officially launched. For its cooperative ecosystem construction, it reached an all-round strategic partnership with Tianya Financial Services of the Tianya Community, a well-known domestic online community. For its team development, Sun Yongbing, a veteran of strategic management and team building, officially joined Merculet, which will increase the efficiency of its decision-making, and accelerate its globalization process.

Project Progress

GaaS Beta 1.0.3

The business operation gameplan and corporate mining logic were added, with functional iteration implemented for the recharging function and UAT mapping for public blockchain binding.

Simplet Beta 1.0.0

The robot-supported “instruction” service and a mining incentive mechanism were added to the community module; the red packet collection capability was optimized. In addition, the problems with binding users to the community functions were fixed, and product interfacing and cross-platform functional interfacing were enabled within the ecosystem.

Open platform Beta V1.0

The open platform is a third-party platform that interfaces with the GaaS management backend to provide industrial solutions and equity exit for enterprises which have realized token-based operations. Currently, the infrastructure improvements and equity intervention have been completed.

Product development progress 1

Product development progress 2

Partners

On July 3, Merculet established an all-round strategic partnership with Tianya Financial Services of the Tianya Community, whereby both sides will make full use of their respective expertise to build and improve the attention value of the evaluation system for all scenarios based on the the Tianya Community’s whole product line via the Merculet MRC-511 standard, thus improving the behavioral value of users within the community. At the same time, the Tianya Community will also participate in the construction and improvement of the MRC-511 token standard.

Team building

On July 13, Sun Yongbing, a veteran of strategic management and team building, officially joined Merculet as the COO, and will assist the CEO in systematically constructing the Merculet team, prioritizing and managing the overall direction of its business in a holistic manner, which will increase its decision-making efficiency and accelerate its globalization process.

Global consensus

On July 10, CEO Jiang Mengjun was invited to the “2018 GMQ International Blockchain Summit • Philippines and CEZA First Blockchain Exchange License Issuing Ceremony” jointly held by the GMQ Blockchain Digital Assets Exchange and the Philippines CEZA Special Economic Zone Government.

ArcBlock

Since ArcBlock’s first application on OCAP Playground was released, the team has actively expanded its ecosystem development and greeted its first ecosystem partner ELONCITY, and this month the OCAP Playground joined the Ethereum API. While promoting its products, ArcBlock officially published its project development progress to the community. During the building of the partnership, the Founder of ArcBlock, Mao Zhihong, attended Huobi Chain’s leader recruitment campaign, and served as the technical adviser to the BitForex Exchange, exploring further possibilities for ArcBlock’s application scenarios.

Project Progress

1. ArcBlock won the “Star of Blockchain” Award

On July 21, at the “China-US Venture Capital Investment Summit Blockchain Forum” held by www.people.com.cn and ChainNews in the USA’s Silicon Valley, ArcBlock won the “Star of Blockchain” Award due to its unparalleled overall strength.

2. The OCAP Playground video officially released

On July 24, the promotional video for ArcBlock’s first product OCAP Playground was officially released to the public.

3. ArcBlock published its technological developmentprogress to thecommunity

In order to make its development efforts more transparent, since July 15, the ArcBlock team has been automatically generating weekly project development progress reports on GitHub, allowing the community to see specific project progress, although some of ArcBlock’s projects have not yet been published and open sourced.

Progress report: http://suo.im/4Kyopq

4. Ethereum API officially joined OCAP

On July 30, Ethereum API officially joined the “Open Chain Access Protocol Playground (OCAP Playground)” to provide data queries on Ethereum, and inquiries on the block data arranged in chronological order through the negative value of the block height.

Partners

1. ArcBlock established a strategic partnership with ELONCITY

On July 13, ArcBlock’s first application OCAP greeted its first partner, the distributed energy project ELONCITY.

2. Mao Zhihong participated in Huobi Chain’s leader recruitmentcampaign

On July 11, the founder of ArcBlock, Mao Zhihong confirmed his participation in the leader recruitment campaign of Huobi Chain, aiming to actively promote ArcBlock’s global ecosystem presence.

3. Mao Zhihong servesas a Technical Advisortothe BitForex Exchange

On July 19, the founder of ArcBlock, Mao Zhihong, officially began serving as the technical adviser to the BitForex Exchange, providing technical support for the underlying layer of BitForex.

Global consensus

On July 04, the founder of ArcBlock, Mao Zhihong, attended the TokenClub live streaming event.

On July 05, the founder of ArcBlock, Mao Zhihong, attended the “Walian Eight O’clock Show” organized by www.walian.cn.

Mao Zhihong, the founder of ArcBlock, attended the “Walian Eight O’clock Show” organized by www.walian.cn.

On July 12, Mao Zhihong attended the “Wisdom VS Bravery” session 12 on www.qifengle.com.

Event Review

Founder Mao Zhihong attended the “China-US Venture Capital Investment Summit Blockchain Forum” held by ChainNews and www.people.com.cn.

On July 16, Mao Zhihong was interviewed by www.kuaimacaijing.com.

Interview Review

On July 18, ArcBlock’s founder Mao Zhihong was invited to the CoinVoice live streaming event.

Event Review

Community Technical Q&A Session 7 (7.11)

Community Technical Q&A Session 8 (7.18)

Community Technical Q&A Session 9 (7.25)

CyberMiles

This month CyberMiles, in addition to actively expanding into overseas markets, launched its virtual machine CVM and its advanced programming language Lity, which has greatly improved performance and security compared with the Solidity language. With its unique clock-based long-term smart contracta, the CyberMiles team issued the first smart testament protocol CIPA012. At the same time, for its ecosystem construction, CyberMiles reached a strategic partnership with ELONCITY, whereby ELONCITY will become the micro-electric network on the CyberMiles side chain.

Project Progress

1. CyberMiles activelyexpandsinto the South Korean market

South Korea is one of the world’s largest E-commerce markets and also an important region for the global development of CyberMiles. CyberMiles South Korean team is actively developing its cooperation with potential partners in South Korea to further promote the global presence of CyberMiles.

2. CyberMiles releasedthe smart testament protocol

On July 09, the foundation released the world’s first smart testament protocol CIP012, which is based on CyberMiles. CIP012 enables the automatic management of the digital legacy on the chain.

Through this protocol, after the client passes away, its digital estate will be automatically issued into the heir’s account.

3. CyberMiles LityCVM officiallyreleased

On July 27, the CyberMiles virtual machine CVM and the advanced programming language Lity were officially released. The Lity language will provide blockchain applications with excellent performance, dynamic scalability, and security as well as full backward compatibility with Solidity.

Introduction to LityCVM

4. Code update

Code update 1 in July

Code update 2 in July

Code update 3 in July

Partners

On July 16, CyberMiles reached a strategic partnership with the distributed clean energy project ELONCITY, whereby ELONCITY will become the micro electric network on the CyberMiles side chain, achieving a total solution for high concurrency problems.

Global consensus

On July 3, CyberMiles, together with Mima Jike, attended the Hangzhou Technology Salon.

On July 3, the chief scientist Dr. Yuan attended the high-end Zorro interview.

On July 4, the founder Lu Liang was interviewed by 9fbank List of Masters.

On July 6, the chief scientist Dr. Yuan was invited to the blockchain class organized by Udacity.

On July 7, the founder Lu Liang gave a lecture on blockchain finance for the EMBA Class of the Cheung Kong Graduate School of Business.

On July 15, the CyberMiles global hundred cities meetup was held in Shijiazhuang.

On July 24, CyberMiles first-phase city partner recruitment campaign was officially opened.

Media Report

Reports on ChainNews

ELONCITY mines energy interconnection with blockchain

Li Jianyu: makes renewable clean power universally accessible with Eloncity.

Report in Quanlianshe

Huang Jun -committed teachers

Report in www.walian.cn

Free the developers to focus on meaningful applications

Report in www.leiphone.com

Only the integration with the cloud computing is the future of blockchain — -an exclusive interview with Mao Zhihong, the founder of ArcBlock

Report on www.bitansuo.com

OCAP Playground makes blockchain development more developer-friendly

Report on www.iterduo.com

From OCAP to Blocklet, opening the door to blockchain for traditional developers

Report on www.heightfn.one

Different thoughts on the direction of public blockchain, starting with ArcBlock and Penta,

Report on www.odaily.com

Has the Ethereum misled the public blockchain ?

Report on www.kuaimacaijing.com

Mao Zhihong: I’m “crazy” for the commercialization of blockchain technology!

Hackernoon report

How will E-commerce platforms benefit from the chaining of securitized assets

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Krypital Group
Krypital Group

Founded in 2017, Krypital Group is a leading global venture capital firm and blockchain incubator. Our website: https://krypital.com/