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Experience Better Decentralization with Aerie’s Comprehensive … – Benzinga

United States, 4th Sep 2023, King NewsWire - Aerie, the cutting-edge Platform-as-a-Service (PaaS) initiative and EVM Compatible Blockchain Project, is ushering in a new era of decentralized finance (DeFi) with its revolutionary suite of utilities. The project's commitment to enhancing the DeFi experience through seamless integration and comprehensive solutions is poised to reshape the landscape of crypto projects.

A Premier Suite of Tools and Resources

Aerie's commitment to providing a premier DeFi experience is evident in its comprehensive ecosystem, which caters to both experienced blockchain and DeFi professionals as well as newcomers. The platform offers a wide array of utilities, including staking, swapping, and a blazing-fast blockchain, designed to streamline transactions and simplify exploration of the crypto space.

The development team at Aerie is dedicated to creating exceptionally fast decentralized applications (Dapps) within their ecosystem, ensuring users can navigate and engage with cryptocurrencies effortlessly.

Unwavering Support System

One of Aerie's standout features is its meticulously constructed ecosystem, designed to be an unwavering support system for users in any situation. From a launchpad for token offerings to a decentralized exchange (DEX) for seamless trading, Aerie seamlessly integrates a suite of DeFi protocol utilities to provide users with an all-encompassing experience.

"Our goal is to empower users to transact, invest, and participate in the financial world with confidence," says [Founder's Name], founder of Aerie. "We are committed to offering not only speed but also security and a comprehensive range of tools that simplify the DeFi experience."

Scalability and Compatibility

Aerie Chain's scalability architecture is set to revolutionize the crypto space, boasting lightning-fast performance. The blockchain is designed to handle diverse transaction types, ensuring that users can execute transactions swiftly and efficiently. What's more, Aerie's blockchain is EVM-compatible, enabling seamless integration with existing Ethereum-based applications and smart contracts.

"Compatibility and interoperability are paramount in the blockchain industry, and our EVM-compatible blockchain ensures that developers can enjoy enhanced performance without sacrificing compatibility," [Founder's Name] explains.

Empowering Tokenomics and Tax Reduction

Aerie is not only focused on technology but also on tokenomics that benefit its community. The project offers a groundbreaking innovation in tokenomics that helps users save money on taxes. Depending on their level of support for the project, users can receive discounts on taxes, promoting an equitable opportunity for all investors.

The project's tax reduction system is designed to support ongoing development and prevent disruptive trading behaviors. Aerie offers tiered subscription options that provide users with reduced tax rates, which can be paid in AER coin. This not only lowers the tax rate but also contributes to the project's deflationary efforts through immediate burning of the payment.

Charting the Future of DeFi

Aerie's comprehensive ecosystem, speed, security, and innovative tokenomics set the stage for a future where DeFi is more accessible, efficient, and secure. As the project progresses through its roadmap, which includes expansion plans, partnerships, and a mobile app, Aerie is poised to play a pivotal role in shaping the decentralized financial landscape.

Investors and enthusiasts looking to experience better decentralization and explore the opportunities in the crypto space can join Aerie's growing community and take part in its dynamic ecosystem.

Disclaimer: This article is not investment advice and should not be considered as such. The information provided is for informational purposes only.

For more information, visit Aerie's Official Website.

https://aerielab.iohttps://lab.aerielab.io/dashboard

Organization: Aerie's

Contact Person: Sam Foster

Website: https://aerielab.io/

Email: dev@aerielab.io

Country:United States

Release id:6075

The post Experience Better Decentralization with Aerie's Comprehensive DeFi Ecosystem appeared first on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

COMTEX_439512982/2838/2023-09-04T15:55:43

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OnChainMonkey Embarks on a Bold Migration from Ethereum to Bitcoin, Citing Enhanced Security – NFT Culture

In an announcement thats shaking up the NFT space, OnChainMonkey NFT collection is making a daring transition. The collection is moving its comprehensive array of 10,000 NFTs from Ethereum to Bitcoin. As first reported by Cointelegraph, this massive transition is set to span several months and is a testament to the overwhelming trust the community has in Bitcoins unparalleled security and decentralization mechanisms.

Deciphering the Bold Move

Danny Yang, CEO of Metagood, unveiled this impending transition on September 7th. He emphasized that their prime collection, OCM Genesis, will transition from Ethereums realm to that of Bitcoin. Originally launched on Ethereum in September 2021, the OnChainMonkey collection is making this stride mainly because of the communitys unanimous sentiment. They resoundingly believe in the security and decentralization features Bitcoin Ordinals offers over Ethereum.

Highlighting this sentiment, Yang stated, The Bitcoin Ordinal protocol distinctly outshines the Ethereum NFT protocol in areas of decentralization and security. This paves the way for high-caliber NFTs to truly shine on Bitcoin. A monumental 99% of OnChainMonkey tokenholders endorsed this shift, spotlighting their shared conviction in the benefits of Bitcoin.

However, transitioning isnt a cakewalk. Metagood anticipates a sizable expenditure, which might exceed $1 million, to ensure this migration is hiccup-free.

Preserving Legacy and Authenticity

Amidst the intricacies of this process, every newly crafted OnChainMonkey on Bitcoin promises to have a clear lineage traced back to its Ethereum counterpart. To effectuate this, holders will be awarded the corresponding Bitcoin Ordinal once theyve decommissioned their Ethereum NFT.

Yang also revisited Metagoods prior ventures to showcase their proficiency in handling such tasks. He remarked, Our trailblazing endeavors include inscribing 10,000 images of a collection on Bitcoin, initiating a parent-child collection with OCM Dimensions 300, and pioneering recursive inscriptions on Bitcoin.

Yet, Ethereum continues to reign supreme in the NFT marketplace. As per CryptoSlams recent data, Ethereum is leagues ahead with a whopping $236.8 million in NFT deals over the past month. Bitcoin, while making commendable strides, is currently placed sixth with $11.1 million.

Yang, however, is buoyant about Bitcoins prospects. He envisions a vibrant Bitcoin-centric NFT ecosystem and believes that both Bitcoin and Ethereum have the potential to co-exist and prosper.

Ordinals is an elegant protocol, and like Bitcoin, is both simple and powerful.

Snapshot of the Present Market

Presently, OnChainMonkey NFTs are traded at an average baseline price of 1.10 Ether (ETH). Theyve accumulated an impressive transaction volume exceeding 20,550 ETH since debuting on the illustrious NFT marketplace, OpenSea, in September 2021. Notably, a hefty 31% of the 2,900 OnChainMonkey NFT aficionados are unique, as stated by OpenSea.

The transition was further facilitated by the inception of Ordinals and BRC-20 tokens at the beginning of this year, a development following the successful Taproot soft fork in November 2021.

TL;DR: As first spotlighted by Cointelegraph, OnChainMonkey NFT collection is transitioning its entire assortment of 10,000 NFTs from Ethereum to Bitcoin. The communitys faith in Bitcoins security and decentralization features fuels this move.

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Ethereum Layer 2 KevmX network raises $5M in seed round led by … – Digital Journal

PRESS RELEASE

Published September 8, 2023

zkRollup can achieve near-zero gas cost and data sovereignty. Our goal is to build new social infrastructure based on Ethereums cryptographic technology.

Ethereum is limited to around 100,000 per day, and there is a usage layer skew issue due to soaring gas prices. In recent years, the importance of layer 2 technologies that provide scalability while maintaining decentralization has been reconsidered. Various Layer 2s were born this year to help with scalability, but KevmX aims to make blockchain unstoppable with a decentralized sequencer. In addition, we can provide a network that can be used by 1 billion people simultaneously.

About investors

This round of financing includes: This round of financing was led by Coinbase Ventures, followed by Sequoia China, Polychain Capital, and Robot Ventures. Several angel investors, including the Ethereum Foundation Yeston, also participated in this round of financing.

What is KevmX

The unstoppable, stateless zkRollup provided by KevmX is expected to be the worlds first Ethereum Layer 2 to simultaneously achieve near-zero gas cost and data sovereignty. We have also been working hard to achieve the goal of establishing property rights for Internet users around the world together with Ethereum. KevmX is unique in that it leverages scalability through zkRollup and focuses on decentralization. We hope to be able to be used by more users in the future.

KevmX Network Future Roadmap

The KevmX test network will begin trial operation in the fourth quarter of 2023.

In the second quarter of 2024, the KevmX mainnet will be launched. Allow free validators/miners to participate. From the first day of KevmX mainnet launch, we will decentralize orderers.

About the KEVMX Foundation

A Singaporean fund has developed a zkRollup called KevmX. KevmX's unstoppable and stateless zkRollups have specifications not found in regular Rollups, enabling them to achieve near-zero gas cost and data sovereignty.

KevmX: http://www.kevmx.com/

KevmX Twitter: https://twitter.com/kevmxlabs

KevmX Telegram: https://t.me/Kevmxnetwork

Media ContactCompany Name: KevmX foundationContact Person: Miao WangEmail: Send EmailCountry: SingaporeWebsite: https://www.kevmx.com/

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IPFS vs Swarm vs BigchainDB: Which Technology is Best for … – Cryptopolitan

Description

Decentralized applications (dApps) are digital applications or programs that exist and run on a decentralized peer-to-peer network instead of a single centralized server. DApps have emerged with the popularity of blockchain networks like Ethereum, which allow developers to build applications that leverage the benefits of decentralization such as increased transparency, fault tolerance, and security. To Read more

Decentralized applications (dApps) are digital applications or programs that exist and run on a decentralized peer-to-peer network instead of a single centralized server. DApps have emerged with the popularity of blockchain networks like Ethereum, which allow developers to build applications that leverage the benefits of decentralization such as increased transparency, fault tolerance, and security.

To build a dApp, developers need to choose and leverage technologies that align with the decentralized ethos. The data storage and distribution layer of a dApp needs to be decentralized for true decentralization. This is where choice solutions like IPFS vs Swarm vs BigchainDB come in.

IPFS (InterPlanetary File System): A peer-to-peer protocol that allows decentralized storage and sharing of files on a distributed network. IPFS uses content-addressing and a BitTorrent-like network to distribute and version files.

Swarm: A distributed storage platform and content distribution service built for the Ethereum web3 stack. It offers decentralized and redundant storage of Ethereum data.

BigchainDB: A blockchain database that combines decentralized control with low latency querying and indexing of structured data. It allows deveBlopers to build performant dApps and does not require running consensus nodes.

Choosing the right decentralized data storage technology is crucial for building fully decentralized dApps. The technology needs to align with the apps requirements around factors like scalability, querying capabilities, file storage support, integration with other parts of the technology stack, performance, costs, and network effects. An optimal technology choice allows developers to leverage the full benefits of decentralization.

IPFS (InterPlanetary File System) is a protocol and peer-to-peer network for storing and sharing data in a distributed file system. On IPFS, files are addressed by the hash of their content, not by location. IPFS allows creating completely decentralized and distributed applications.

The IPFS protocol allows nodes in a network to store, request, and transmit verifiable data with each other. Data on IPFS is distributed across nodes, with built-in data replication and versioning. IPFS uses a BitTorrent-like method to distribute files rapidly on a global scale.

Bandwidth Cost Reduction: IPFS enables significant cost reduction in bandwidth expenses, surpassing 60% savings, achieved by retrieving pieces of files simultaneously from multiple computer nodes.

Decentralization: In contrast to centralized systems, IPFS operates on a decentralized model, ensuring files can be downloaded from numerous locations within a distributed environment. This decentralized approach enhances the reliability of the Internet experience, as it is not dependent on a single organization.

Preservability: IPFS ensures the longevity of uploaded files through data mirroring, guaranteeing that the names of files remain recorded indefinitely. Additionally, version control is facilitated by Git, a distributed version control system, allowing efficient management of file revisions.

Performance and scalability: As a distributed protocol, IPFS can face challenges with latency and congestion as network scales. Bottlenecks can occur on popular files.

Storage costs: IPFS has no incentives for file storage. Nodes must pay the cost of storage, limiting scalability. A solution is Filecoin which adds incentives on top of IPFS.

Network reliance: Performance depends on the number of nodes. Applications must account for nodes joining or leaving the network.

Swarm is distributed storage infrastructure for the Ethereum Web3 tech stack. It offers decentralized and redundant storage of Ethereums public state, blockchain data, and DApp code. Swarm is intended to complement services like IPFS by offering incentivized, encrypted, and networked storage and distribution of DApp data.

Swarm uses Ethereum for peer coordination and enables monetization via payment channels into smart contracts. Nodes get incentives in the form of SWAP tokens to offer storage capacity, bandwidth and availability guarantees.

Distributed storage: Swarm provides a decentralized storage and content delivery infrastructure for dApps. It allows files to be broken down into smaller chunks, which are then distributed and replicated across the network of Swarm nodes. This distributed storage ensures redundancy, availability, and fault tolerance, making it suitable for hosting and delivering content for dApps.

These features and advantages make Swarm a suitable choice for dApp developers looking for a decentralized storage and content distribution solution that integrates well with the Ethereum ecosystem, provides incentives for participants, and ensures privacy, availability, and security for their applications.

Network congestion: Swarms peer-to-peer file transfer can get congested and saturated as usage increases, affecting DApp performance.

Security considerations: Encrypted content delivery may have issues with censorship resistance. Centralized gateways may limit decentralization.

BigchainDB is a blockchain database that allows developers to deploy decentralized applications with high transaction throughput, low latency, powerful querying capabilities, and in-built asset support. It combines decentralized control, immutability and creation & movement of digital assets with performant querying of structured data.

BigchainDB uses Tendermint consensus for node voting and validation. The underlying database scales transaction throughput by using managed BigchainDB clusters instead of every node being a blockchain consensus node.

While BigchainDB offers certain advantages for dApp development, it does not have native support for asset management or tokens. BigchainDB primarily focuses on providing scalable and decentralized database capabilities. Here are the corrected features and advantages of BigchainDB for dApp development:

Scalability and high transaction throughput: BigchainDB is designed to handle high transaction volumes, offering scalability that can accommodate applications with demanding workloads. It achieves this by utilizing a distributed database model and parallel processing, allowing for a high number of writes and queries per second.

Data querying and searching capabilities: BigchainDB provides rich querying capabilities, allowing developers to perform complex searches and analytics on structured data stored within the database. This enables efficient retrieval and analysis of data, making it suitable for applications that require advanced data querying.

Immutability and data integrity: BigchainDB utilizes blockchain principles to ensure data immutability and integrity. Once data is written to the BigchainDB database, it becomes tamper-proof and cannot be modified. This feature is crucial for applications that require a verifiable and auditable record of data transactions.

Permissioning and access control: BigchainDB offers flexible permissioning and access control mechanisms, allowing developers to define roles and permissions for different entities accessing the database. This ensures data privacy and security by controlling who can read, write, or query the stored data.

Integration with existing databases: BigchainDB can act as a layer on top of traditional databases, providing a bridge between decentralized and centralized data storage systems. This enables developers to leverage the benefits of blockchain technology while still utilizing their existing data infrastructure.

Consensus and transactional support: BigchainDB utilizes a federated consensus model, where a predefined set of nodes collectively validate transactions. This approach allows for fast transaction confirmation and consensus, ensuring data integrity and consistency within the network.

Ecosystem and community support: BigchainDB benefits from an active developer community and has a growing ecosystem of tools and libraries. This provides support, resources, and collaboration opportunities for developers working on BigchainDB-based dApps.

Its important to note that while BigchainDB offers these features and advantages, it may not be suitable for all types of dApps. Consider your specific requirements and evaluate whether BigchainDB aligns with your needs in terms of scalability, data querying, immutability, and integration capabilities.

Centralization concerns: Some centralization exists currently around BigchainDB cluster hosting providers like AWS.

Dependency on a consensus algorithm: Performance and decentralization depends on the robustness of the Tendermint consensus used.

Cost considerations: Querying and storage costs may be higher compared to decentralized file storage in IPFS and Swarm.

IPFS vs Swarm: IPFS can suffer performance issues at scale. Swarm is built for performance but lacks maturity.

IPFS vs BigchainDB: IPFS may be more limited by network effects for content distribution. BigchainDB offers high scalability.

Swarm vs BigchainDB: Swarms P2P network also gets congested. BigchainDB is best for optimized transactions and scalability.

IPFS vs Swarm: Both offer tamper-proof data with history versioning due to content-addressing and hashes.

IPFS vs BigchainDB: BigchainDB does not offer native versioning of stored data like IPFS does.

Swarm vs BigchainDB: Swarm and IPFS both better suited for versioning files than BigchainDB.

IPFS vs Swarm: Swarm offers incentives for offering storage and bandwidth to lower costs.

IPFS vs BigchainDB: IPFS depends on nodes contributing storage and bandwidth voluntarily. BigchainDB has managed storage.

Swarm vs BigchainDB: Swarm storage costs may be lower than managed BigchainDB clusters.

IPFS vs Swarm: IPFS has better support and integrations with blockchain tools like Truffle. Swarm meant for Ethereum.

IPFS vs BigchainDB: IPFS integrates well with blockchain data storage needs. BigchainDB is better for complex queries.

Swarm vs BigchainDB: Swarm integrates seamlessly with Ethereum-based dApps. BigchainDB offers general data storage.

IPFS, Swarm, and BigchainDB are all decentralized technologies that can be utilized for developing decentralized applications (dApps). Each of these technologies has its own strengths and limitations, and the choice of which one is better for developing dApps depends on the specific requirements and use case of the application. Its important to evaluate factors such as scalability, performance, data persistence, privacy, and consensus mechanisms when making a decision.

IPFS is a distributed file system for storing and sharing files, while Swarm is a decentralized storage and content distribution platform. BigchainDB, on the other hand, is a decentralized database that focuses on storing and managing structured data with built-in blockchain features.

When it comes to large-scale data storage, Swarm and IPFS are better suited as they provide distributed storage mechanisms. IPFS is more commonly used for file storage, while Swarm is specifically designed for decentralized content storage and distribution.

Both IPFS and Swarm offer similar performance and scalability characteristics as they utilize peer-to-peer networks. However, Swarm is specifically optimized for decentralized content delivery, which may provide better performance in scenarios where content retrieval speed is crucial.

IPFS and Swarm do not inherently provide privacy features, although encryption can be applied to files stored in these systems. BigchainDB, on the other hand, supports transparent and private data storage through its permissioning and encryption mechanisms.

IPFS and Swarm are content-addressable networks and do not have built-in consensus mechanisms. BigchainDB, on the other hand, employs a blockchain-based consensus mechanism that allows for decentralized decision-making and data immutability.

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IPFS vs Swarm vs BigchainDB: Which Technology is Best for ... - Cryptopolitan

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AI expert cautions researchers to think long-term – CryptoTvplus

In a thought-provoking presentation at the recent Future of Decentralization, AI, and Computing Summit by UC Berkeley, renowned AI expert Dr. Mike Jordan took the stage to talk about a unique perspective of how AI should be viewed.

To start his presentation, Dr. Mike noted that it is more important to consider the why behind AI development in addition to the what and how, challenging the audience to reflect on the legacy they are leaving behind in this era of technological advancements.

The talk is less about the what and how, which occupy most of our time in AI, and more about the why,' Dr. Mike added. We often start in this field because its cool or fun, but as we grow older, we should think about the impact on society.

He urged the audience to consider the broader societal implications of their work. What legacy are you leaving? Dont be naive in thinking technology alone can fix everything, he cautioned.

Dr. Mikes perspective shifted the focus from individual AI advancements to the creation of collective systems.

Its not just about individual AI replacing humans; its about creating new kinds of collectives, he explained. These collectives, he said, involve networks of people with diverse desires and aspirations.

He narrated how humans have created transportation and communication collectives where we have shortened the distance between one person and another.

Also, we have seen how the field of medicine has evolved to give humans better services. The same needs to be replicated in the realms of economics, the earning power of people.

The talk delved into the decentralization of data and the importance of market mechanisms, fairness, and economic viability in a connected world.

The Professor challenged the audience to think beyond conventional AI paradigms and consider the impact of their work on markets and society.

One of his key points revolved around data ownership and value. Were living in a world where data creation is constant, from music to novels, and were using our devices for various creative activities. Its essential to value this data properly, both ethically and economically, he stressed.

To illustrate his point, Dr. Mike shared his involvement with UnitedMasters.com, a startup revolutionizing the music industry.

UnitedMasters operates as a three-way market, where musicians songs are produced, listened to, and brand deals are struck based on data flows.

It exemplifies the power of combining technical innovation with economic models to benefit artists and society.

Dr. Mike called attention to the need to solve complex problems that arise when creating such systems, urging AI researchers to think about equilibria and dynamics within these systems.

He called for a shift from traditional AI thinking to building technology that supports unforeseen collective intelligence.

Addressing the topic of federated learning, he challenged the current approach, stating that it lacks economic value for participants and suggested reevaluating the market mechanisms.

Federated learning is a machine learning approach where multiple decentralized devices or servers collaborate in training a shared model while keeping their data locally. This technique allows for privacy-preserving model training, as the raw data remains on the individual devices and is not centralized.

Instead, only model updates or gradients are exchanged during the training process, making it suitable for scenarios where data privacy is a concern, such as in healthcare or finance.

Dr. Mike concluded his talk by introducing the concept of statistical contract theory and its potential to revolutionize economics and incentives by incorporating data into contract design.

He noted that the use of incentives in the data economy has been shown to improve the rate at which users want to share their data as opposed to sharing their data without their consent. An incentive model in data sharing will help the industry improve.

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Get a Full Understanding of Types of DAOs and Their Creation – The Coin Republic

The world got familiar with the concept of decentralization with Bitcoin. Its the base of every cryptocurrency and its functionality. Today, decentralization itself has become an adaptable mechanism for businesses. Decentralized Autonomous Organization (DAO) has established itself as an important concept in the market. To know it better, one must dive deeper into its workings and concepts.

Decentralized Autonomous Organizations (DAOs) are self-governed and self-regulated groups. They run on blockchain and keep all the information on the open-source shared network. For business owners and stockholders, this system has great significance. It is because it brings transparency and better security. It also rules out any chances of fraudulent activities and unfair practices.

However, shared business structures arent entirely a new concept. Markets have actually tried them, but they couldnt be useful because of centralization. With DAO, the scope of centralization ceases altogether. No single entity or person can have more dominance than the others in it. In fact, the network ensures that every single member has the same privileges.

DAOs focus on automation and to determine that they totally eliminate third-party involvement. In order to join this network, users must buy the networks native tokens. Some examples of DAOs are Decentraland, Bitshares, MakerDAO, Augur, and DASH. They use smart contracts to implement the organizations rules.

The core development team creates these contracts and applies them to the network. With these digital agreements, the company makes the operations auditable too. They essentially lay the groundwork for the DAOs operations. Furthermore, they let any network member look into the protocols working at their will.

It goes beyond determining the fundamentals and figures out the financing structure too. It gives explicit instructions on how to go about funding and investments. To accomplish that, it makes use of a token issuance method. Under that, protocol sells tokens and pads up the companys coffer. Moreover, it entitles the token holders to receive voting rights in lieu of assets.

Once the funding is finished, the development team deploys the DAO. Mostly, developers use Solidity programming language to create DAO code. The next thing one needs to know about this network is its types.

Surprisingly, its not very costly to set up a DAO for a company. With easy and affordable development, it becomes the go-to governance setting for any business. At the same time, it brings more scalability and heightened security. Due to all these benefits, this platform is gaining popularity and it will most probably continue that streak for a long time.

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High In-Clinic Costs and Medical Labor Shortages are Driving the … – MarketScale

An aging population might seem like the biggest driver in the growth of wearable heart monitoring devices, but its more layered. The digital revolution in healthcare has been a long time coming, and the proliferation of wearables, particularly for diabetics and cardiac patients, has marked a significant milestone. This is not just a triumph of engineering but an emblem of a broader shift of medicines pivot towards decentralization. As healthcare costs spiral and the pressure on medical infrastructure grows, wearables offer a two-fold advantage.

As a result, a patients home becomes a second clinic, where continuous monitoring often proves more effective than clinical tests. Plus, patients prefer it, too, for the comfort and the autonomy it provides. This decentralization is especially crucial as the population ages and the prevalence of chronic diseases, including cardiovascular ailments, increases. The next frontier is expanding the list of markers these wearable masterpieces can measure, transforming them from disease-specific tools to general health monitors.

Well-versed in this field is Jason Heikenfeld. He is a Professor of Biomedical Engineering at the University of Cincinnati and a pioneer in the field of bio-wearables. He has held various positions at the institute where hes worked for almost two decades. His extensive research focuses on next-generation sensors that will undoubtedly shape the future of decentralized healthcare. Heikenfield is also the co-founder of HydroLabs and Kilele Health, the latter where is also CTO.

He emphasized that innovative technology in health is continually expanding and growing based on patient needs. An aging population and the propensity of chronic illnesses are a clear factor in the growth of wearable heart monitoring devices, added Heikenfeld. But there are several other elements playing a part, too.

Heikenfelds Thoughts on Wearable Heart Monitoring Devices

And so first off, there are proven successes which people can point to and model, right? And so were no longer in the stone age of wearable technology.

But thats just a small fraction of all the different chronic diseases that exist. For hospitals and for providers in general, theres a huge push to decentralize medicine, get it out of the clinic. And theres a couple drivers. One, theres costs. So doing things in clinic is costly. And secondly, weve got an infrastructure problem. Do we have enough doctors? Do we have enough diagnostic equipment? Do we have enough appointments we can schedule?

Weve got to basically find out ways to streamline this and make it more efficient with the infrastructure we already have.

And the other half of that is, you know, which has been proven for glucose monitors and heart monitors is youve got improved outcomes for patients. And in many cases, you have patient preference as well. So patients are demanding this more and more often because not only does it help them, you know, get better faster, but it also is better than taking a patient thats in a fragile state and dragging them back to clinic for blood tests over and over and over again.

Well, cardiovascular disease, its coming for all of us, essentially. And if you look at the stats, I think its if you get close to 60, then you already have a 50 percent chance of having a heart disease or cardiovascular disease.

And so its something thats going to affect all of us, especially as the population ages. And so cardiovascular disease is unlike diabetes, which can occur younger. Its just a matter of time for most of us before this becomes a reality for us.

I think for a lot of us that are working in this field, looking to create the next generation of sensors, one of the biggest things we have and advantages is that if you look at the existing glucose monitors, they are total works of art. Theyre beautiful. I mean, they last for two weeks. Theyre totally disposable. Theyre affordable. Theyre highly accurate. Patients apply them and most dont feel any pain or anything whatsoever.

So the patients are very happy with them as well. And so the biggest thing is taking measures now beyond just just glucose.

And you can see Abbott starting to do that. Theyre going to theyve announced that they want to start doing ketones as well. But theres a lot more value beyond that as well.

And so the devices are beautiful. Theyre works of art. They are highly economical at this point as well. And the next big push is really to leverage that existing success, but have it measure other markers related to other chronic disease states.

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Pitango HealthTech Announces the First Closing of Its New Fund, Pitango HealthTech II – Yahoo Finance

Pitango HealthTech II makes initial seed investmentsinQuantHealth.ai and Nevia Bio

HERZLIYA, Israel, Sept. 6, 2023 /PRNewswire/ --Pitango HealthTech, Pitango VC's dedicated healthcare fund, today announced the first closing of its second dedicated healthcare fund, Pitango HealthTech II. Pitango HealthTech II, a $175M fund, will be dedicated to investing in entrepreneurs leveraging data science, AI, medical devices and novel biology at the forefront of the transformation of healthcare.

The $9 Trillion global healthcare market is undergoing dramatic shifts, and Israeli entrepreneurs are building companies that are spearheading this transition.

Pitango HealthTech II invests in healthcare innovation, including the decentralization of healthcare, personalized medicine, medical devices and diagnostics, as well as artificial intelligence, software and data infrastructure.

"Despite the global and local macroeconomic challenges, the healthcare sector continues to show resilience and growth. Recent events such as the pandemic, decentralization of healthcare, and value-based care, have resulted in unprecedented openness towards the adoption of new technologies," said Ittai Harel, Managing Partner at Pitango HealthTech. "We're launching this new fund to continue to back entrepreneurs and invest in companies that are revolutionizing the healthcare industry. Pitango believes that the most promising healthcare innovations occur at the convergence of life science and medical technologies with data science and AI, coupled with innovative services. This revolution is at its early onset, and is yet to accelerate."

Pitango HealthTech invests in companies from seed to commercial stage. The fund's investment strategy is focused on all segments of healthcare and life sciences. Previous investments include value-driving companies such as Protai, Laguna Health, Vertos, Visby, Clew and Magenta. The first investments of the newest fund are QuantHealth.ai, an AI company focused on clinical trial simulations to accelerate and de-risk drug development, and Nevia Bio, a FemTech company developing an AI-based biomarker platform for early detection of women's health diseases.

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"The current environment offers great investment opportunities for health tech investors," said Hila Karah, Managing Partner at Pitango HealthTech. "Our team has decades of experience working with global healthcare providers, payers, medical device and pharma companies. We garner this expertise to support our portfolio companies from inception to scale. We're seeing an incredible generation of companies being formed right now and are looking forward to working with the best of them."

The Pitango HealthTech team is made up of Ittai Harel (Managing Partner), Hila Karah (Managing Partner), Dr. Jonathan Glazer (Partner), JoelSchoppig (Senior Principal) and Dr. Seth Rudnick (Special Advisor).

Pitango HealthTech is committed to promoting diversity within the healthcare technology space, upholding ESG standards and ensuring women founders in the domain receive the same access to investment opportunities.

Pitango HealthTech is part of the Pitango investment platform, operating alongside Pitango First and Pitango Growth Funds. Since its inception in 1993, Pitango has invested in over 250 companies and seen more than 85 become publicly traded companies, or acquired by strategic players.

"Pitango has been a key player in the healthcare ecosystem in Israel since its inception. Over the last three decades we've had the opportunity to invest in over 50 healthcare companies and see 15 of them exit successfully and many others on a strong growth trajectory," said Rami Kalish, Managing Partner and Co-Founder at Pitango. "It's a track record we're proud of and that gives us the confidence to double down with a second dedicated healthcare fund."

About Pitango HealthTech

HealthTech is Pitango's dedicated health tech fund investing in seed to commercial stage companies, ranging from digital health, medical devices, techbio and diagnostics, foodtech, ag-tech, biotech and life sciences. Pitango HealthTech investors combine clinical and operational experience with nearly three decades of investing in over 50 healthcare companies, with 15 successful exits.

About QuantHealth

QuantHealth has built a unique AI-based clinical trial simulation platform that allows pharmaceutical companies to simulate their upcoming clinical trials in a cloud environment, and test thousands of protocol variations to discover the trial design that will maximize the likelihood of success. The Tel Aviv based company is led by Orr Inbar and Arnon Horev.

About Nevia Bio

Nevio Bio is revolutionizing early disease detection in women, by developing a machine learning empowered platform for early detection of women's health indications. With non-invasive and easy-to-use diagnostics, Nevia aims to offer both point-of-care and at-home solutions. The Haifa based company is led by Dr. Inbal Zafir-Lavie and Dr. Shlomit Yehudai-Reshef, both experts in the life science field.

Media Contact

Sharon Erdesharon.e@pitango.com

Cision

View original content:https://www.prnewswire.com/news-releases/pitango-healthtech-announces-the-first-closing-of-its-new-fund-pitango-healthtech-ii-301918976.html

SOURCE Pitango HealthTech

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The Solana Foundation Kicks Off Hyperdrive Hackathon to Bolster … – PR Newswire

The online global hackathon offers seven different tracks with up to $1 million in prizes and seed funding

SAN FRANCISCO, Sept. 6, 2023 /PRNewswire/ -- The Solana Foundation, a non-profit foundation dedicated to the decentralization, adoption, and security of the Solana network, today announced the start of Hyperdrive, an online, global hackathon with up to $1 million in prizes and seed funding. The hackathon will run from September 6 through October 15, 2023. This is the Solana Foundation's eighth hackathon built for innovators looking to launch the next breakout startup built on the Solana blockchain.

Hackathons hold significant value in developing potential blockchain applications and bringing product ideas to life. The Solana Foundation has a rich history of holding hackathons and other events to proactively engage developers like the Solana Foundation Hacker Houses, which offer educational programming, expert advice, and demos. Over the past few years, Solana's online hackathons have attracted more than 50,000 participants, with over 3,000 projects launched and winners have cumulatively raised $600 million in venture funding.

"We are hosting the Hyperdrive hackathon to bring elite developers and founders together to compete as they launch their new startups in the Solana ecosystem," said Matty Taylor, Head of Growth at the Solana Foundation. "As we work towards the common goals of leveraging the Solana blockchain to solve real-world problems and accelerate the mainstream adoption of blockchain technology, this event fosters creativity, collaboration, and innovation."

As current developers and builders continue to build momentum in the Solana ecosystem, Hyperdrive will focus on encouraging new projects across a diversity of use cases.

With prizes ranging from $5k to $30k USDC, the hackathon tracks include:

The winner of the best overall project will receive the Grand Champion Award, presented by Amazon Web Services, which includes $50,000 USDC and tickets to Breakpoint 2024 Solana Foundation's Annual conference. Three additional awards will be granted to the best public goods project, the best climate-related project, and the best project founded by university students.

The last Solana Foundation hackathon Grizzlython, which took place earlier this year saw more than 10,000 participants build over 800 projects.

To register and start building, please visit: solana.com/hyperdrive

About Solana FoundationThe Solana Foundation is a non-profit foundation based in Zug, Switzerland, dedicated to the decentralization, adoption, and security of the Solana network. For more information, please visit https://solana.org/.

About SolanaSolana is a blockchain built for mass adoption. It's a high performance network that is utilized for a range of use cases, including finance, NFTs, payments, and gaming. Solana operates as a single global state machine, and is open, interoperable and decentralized. For more information, please visit https://solana.com.

Media ContactArielle Pennington, Head of Communications, Solana Foundation press@solana.org

SOURCE Solana Foundation

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Analyzing USDC Token Distributions and Allocation Schedules – BTC Peers

Introduction

The USDC stablecoin has become one of the most widely used dollar-pegged cryptocurrencies in the world. With a market capitalization of over $50 billion, USDC plays a critical role in decentralized finance (DeFi) and Web3 applications. One important aspect of USDC that merits further analysis is how its tokens are distributed and allocated over time. Looking closely at USDC's token distributions and schedules can provide valuable insights into the token's utility, decentralization, and role in the broader crypto ecosystem.

One of the most important factors to analyze regarding USDC tokens is the breakdown between tokens that are allocated to partners and developers versus those in circulation among end users. Unlike some cryptocurrencies that release the majority of their tokens to users all at once, USDC has maintained a more gradual allocation schedule. The parent company behind USDC, Circle, strategically partners with organizations that integrate USDC services and features. These partners receive USDC token grants to support development and drive adoption. Meanwhile, the majority of USDC tokens enter circulation organically through user demand and market-driven factors. Striking the right balance between partner/developer allocations and user circulation is critical for maintaining USDC's usefulness and value.

USDC's token distribution programs and schedules have evolved over time to match the token's growing adoption and role. Early on, there was more focus on allocating USDC tokens to partners that could build applications and services around USDC. This kickstarted use cases in payments, DeFi, NFTs, gaming, and beyond. As USDC matured, token distribution shifted to encourage organic circulation driven by user demand, trading activity, and DeFi protocols integrating USDC. Any USDC holder can redeem USDC 1:1 for US dollars, which helps maintain the peg and boosts confidence in exchange trading volumes. Analyzing the progression of USDC token distribution programs provides perspective on the token's expanding utility.

Taking a deeper look at the breakdown of USDC token holders can reveal insightful allocation patterns and concentrations. As of 2023, the majority of USDC in circulation is distributed among a diverse base of users and DeFi applications. However, a small number of exchange partners and institutional investors hold a disproportionate share of tokens. For example, Coinbase and Circle combined hold over 15% of USDC supply. This highlights the advantages larger players gain through exclusive partnerships. At the same time, having a dispersed allocation among users and DeFi protocols enhances USDC's decentralization. Monitoring shifts in allocation patterns across customer segments ensures no single entity gains too much influence over USDC.

Impacts of USDC Multi-Chain Expansion

With USDC expanding across different blockchains like Algorand, Solana, and Tron, token allocation dynamics are growing more complex. Multi-chain support helps increase USDC circulation and utility. But it also leads to varying supply and demand conditions across different chains. For instance, the expansion to Tron in early 2023 led to a surge in USDC supply on that chain. Analyzing cross-chain USDC token flows and concentrations is necessary to track decentralization. If too much USDC supply piles up on select chains, it can undermine the 1:1 dollar peg stability. USDC issuers must be strategic in how they calibrate multi-chain token allocations and incentives.

How can USDC token analysis inform investment decisions?

Looking closely at USDC token distributions and allocation schedules provides investors with valuable perspectives on the stablecoin's utility, decentralization, and growth roadmap. Investors should monitor factors like the balance between circulation supply versus partner allocations, the evolving makeup of USDC holders, and impacts of multi-chain expansion. This analysis gives key insights into USDC's stability, adoption trends, and governance model. For investors evaluating USDC versus other stablecoin options, allocation data allows comparing decentralization and partner influence. Ongoing analysis of USDC token allocation metrics ensures investors choose the optimal stablecoin for their needs as the crypto ecosystem matures.

Imbalanced USDC token allocations introduce risks around utility, stability, and governance control. If too many tokens are concentrated in the hands of a few issuers, exchanges, or institutions, it undermines decentralization. This can increase risks of manipulation or governance decisions that benefit large holders over users. On the other hand, allocating too many tokens to developers and partnerships can limit organic user circulation and demand. Without widespread user adoption, USDC risks losing relevance and utility compared to rivals. Lastly, uneven cross-chain token distributions create risks of instability in USDCs dollar peg. If supply expands too quickly on one chain without demand to match, imbalances emerge. Maintaining balanced token allocations is crucial for limiting these risks and upholding USDCs value proposition.

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