Ontology Monthly Report — May

The Ontology Team
Published in
4 min readJun 4, 2024

May has been an exceptional month filled with community engagement, significant development progress, and exciting new initiatives. Here’s a detailed look at our accomplishments and updates over the past month:

Community and Web3 Influence 🌐🤝

  • Emoji Contest Launch: We kicked off May with a fun emoji contest, inviting the community to express their creativity and engagement.
  • New Article on KYC: A new article discussing the integration of KYC within decentralized identity frameworks was published, enhancing understanding of regulatory compliance in blockchain.
  • Community Update on X Space: Our first community update hosted on X space was a hit! Don’t worry if you missed the live session; you can listen to the recording on our platform.
  • DID Fund Quest on Zealy: To engage more people in the DID world, we launched a quest related to our DID Fund on Zealy, fostering deeper community involvement.
  • Galxe Homepage Feature: Our DID quest was featured on the homepage of Galxe, spotlighting our efforts in decentralized identity.
  • MEFConnects in London: We had the opportunity to attend MEFConnects in London, sharing insights and developments from Ontology.
  • Bitcoin Pizza Day Celebration: We celebrated Bitcoin Pizza Day with the community sending pizzas and tagging Ontology — a fun and engaging activity for all!

Development/Corporate Updates 🔧

Development Milestones 🎯

  • Ontology EVM Trace Trading Function: Progress in our EVM Trace Trading Function has reached 87%, enhancing our capabilities within the EVM space.
  • ONT to ONTD Conversion Contract: Development has progressed to 52%, streamlining the conversion process for our users.
  • ONT Leverage Staking Design: Now at 37%, this feature aims to provide innovative staking options to the Ontology community.

Events and Partnerships 🤝

  • AMA with Sugar Kingdom NFT: We discussed our DID fund and its implications for digital identity in the NFT space.
  • Space with Port3 Network and Portal Finance: Engaging discussions were held about decentralized networking and Portal’s role as a liquidity hub for Bitcoin Layer 2 solutions.
  • Binance Live Session with Karmaverse: We joined Karmaverse on Binance live, sharing insights and updates about Ontology’s advancements.
  • ONG Listing by CoinDCX: One of India’s leading exchanges, CoinDCX, has listed ONG, expanding our reach within the Indian market.

ONTO Wallet Developments 🌐🛍️

  • NFT Giveaway with XSTAR: An exciting NFT giveaway was hosted in collaboration with XSTAR, offering unique collectibles to our community members.
  • Inclusion in NULS World: ONTO is now featured within NULS world, broadening our visibility and user engagement.
  • New ONTO Version Release: The latest version of ONTO was launched, introducing new features and enhancements to improve user experience.

On-Chain Metrics 📊

  • dApp Growth: The total number of dApps on our MainNet remains robust at 177, demonstrating a vibrant and dynamic ecosystem.
  • Transaction Growth: We observed an increase of 8,914 dApp-related transactions and 815 MainNet transactions this month, indicating active and growing network utilization.

Community Engagement 💬

  • Vibrant Discussions: Our social platforms have been buzzing with discussions and insights, driven by the passion and engagement of our community members.
  • Recognition through NFTs: Active community members were celebrated with the issuance of NFTs, acknowledging their contributions and involvement.

Follow us on social media 📱

Keep up with Ontology by following us on our social media channels. Your continued support and engagement are vital to our shared success in the evolving world of blockchain and decentralized technologies.

Ontology website / ONTO website / OWallet (GitHub)

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Telegram Announcement / Telegram English / GitHub / Discord