Blockchain

3DOS Launching Decentralized “Uber for 3D Printing” on Sui

Grand Cayman, Cayman Islands, September 12th, 2024, Chainwire

3DOS chooses Sui as the exclusive blockchain partner to power its global decentralized peer-to-peer manufacturing network

Sui, a cutting-edge Layer 1 blockchain, announced a strategic alliance with 3DOS™, a leading innovator in decentralized manufacturing. The alliance promises to solve the coordination problems plaguing the $15.6 trillion global manufacturing market by coupling 3DOS’s expansive network of 3D printers, manufacturers, and customers with Sui’s advanced decentralized blockchain technologies. Sui’s industry-first zkLogin technology will make onboarding new users particularly easy for 3DOS by natively allowing millions of people to access the service using traditional social accounts like Google or Twitch.

Prior to engaging with Sui, the 3DOS founders pioneered one of the world’s first 3D printing operating systems and achieved remarkable results. So far, the platform has over 500,000 users, has manufactured 4.2 million parts, and has supported more than 15 million CAD designs across 120+ countries. Customers include John Deere, Google, MIT, Harvard, CalTech, UC Berkeley, Bosch, the British Army, the US Navy, the US Air Force, and NASA. These customers are currently being onboarded onto the network that 3DOS™ is building on Sui.

A heat map of 3DOS’s decentralized infrastructure, which is now migrating to the SUI Mainnet, with over 24,000 3D Printed NFT’s minted within a week since launch. Data as of Sept 9, 2024

The current partnership adds to 3DOS the redundancy, transparency, speed, and flexibility inherent in leveraging Sui’s industry-leading decentralized technology platform.

“At 3DOS, we believe that manufacturing should be decentralized. By tapping Sui to power our infrastructure, we now have the technology to enable this massive shift in our industry,” said John Dogru, Founder and CEO of 3DOS. “3DOS is a 3D Operating System, bridging the digital world to the physical world, allowing anyone to access manufacturing capacity and 3D printers anywhere empowering local producers and eliminating waste, inventory, and the carbon footprint associated with international shipping.”

Together, the technological innovations of the Sui and 3DOS combination will enable the massive global manufacturing industry to harness the power of localized production and eliminate the inefficiencies of high operational costs, and limited accessibility that currently plague it. The 3DOS/Sui solution addresses these continuing challenges and also vastly expands the world’s manufacturing potential by connecting siloed 3D printing capacity to massive demand around the world. In the process, the partners’ decentralized approach will reduce costs, democratize manufacturing, and open up new economic opportunities globally.

“Improving manufacturing processes is one of the world’s most important challenges, and the infrastructure that 3DOS is building on Sui marks a significant advancement that will catalyze economic growth and technological innovation,” said Adeniyi Abiodun, Chief Product Officer and Co-Founder of Mysten Labs which developed the Sui Network. “Through this partnership with 3DOS, Sui is helping to create a global decentralized manufacturing network that empowers more individuals and businesses to participate in the production of physical goods.”

The 3DOS platform leverages smart contracts on Sui to eliminate the overhead typically associated with coordinating supply and demand, which traditionally requires thousands of employees at Web2 companies and banks. By programming governing rules and processes directly into Sui’s blockchain, 3DOS achieves near-zero human intervention and infinite scalability. This approach optimizes resource efficiency and enhances supply chain transparency, reducing waste, improving cost-effectiveness, ensuring quality assurance, and facilitating global collaboration—all while empowering a diverse range of creators and innovators.

Contact

Sui Foundation
media@sui.io

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SC Ventures leads investment in One Trading following landmark European crypto derivatives trading approval

2024-09-17T08:00:00Z
  • One Trading is the first MiFID II trading venue for perpetual futures in the EU and is the first regulated derivatives exchange in Europe accessible to retail clients
  • Existing investor MiddleGame Ventures increased its stake in One Trading, while Valar and SpeedInvest also participated

AMSTERDAM, Sept. 17, 2024 (GLOBE NEWSWIRE) -- SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has made a strategic investment in One Trading, a leading European crypto-asset exchange. As part of this round, existing investor MiddleGame Ventures increased its stake in One Trading, while Valar and SpeedInvest also participated. The terms of the deal were not disclosed.

“As a major, multinational bank with a commitment to innovation, SC Ventures is dedicated to driving digital assets market infrastructure. We welcome them as an investor in the company and believe they can add a lot of value to One Trading and our clients,” said Joshua Barraclough, Founder and CEO of One Trading.

One Trading will use the investment to support launching the first crypto perpetual futures in the European Union (EU) as a MiFID II trading venue. The MiFID II is a regulatory framework the EU rolled out in 2018 to increase transparency and improve investor protections across European financial markets. In July 2024, the Dutch financial market regulator granted One Trading an Organised Trading Facility (OTF) License, which establishes One Trading as a MiFID II trading venue.

First regulated derivatives exchange in Europe accessible to retail clients

With the OTF License approval, One Trading is the only crypto perpetual futures trading venue in the EU and the first cash-settled perpetuals platform in Europe, including the UK. One Trading is also the first regulated derivatives exchange in Europe which will be accessible to retail clients. 

The OTF license approval marks a milestone in One Trading's multi-year journey with the Dutch Financial Markets Authority (AFM) and the Dutch Central Bank (DNB) to revolutionize derivatives trading and bring crypto futures onshore in the EU. 

Strategic partnerships

“Financial innovation should not come at the cost of consumer protection, that’s why we are glad to see One Trading receiving the OTF License. We congratulate the team on becoming the first MiFID II trading venue for crypto perpetual futures in the EU,” said Alex Manson, CEO of SC Ventures. “We look forward to One Trading providing much needed infrastructure to all participants in the EU and further afield.”

“We saw the potential for One Trading early in its journey and we are delighted to be participating with SC Ventures and others in this investment. We are happy to support One Trading to become the undisputed leading onshore, licensed and institutional trading venue the digital assets market has been clamouring for,” said Pascal Bouvier, Managing Partner, MiddleGame Ventures.

Media Contacts
Eterna Partners for One Trading
eternapartners@onetrading.com
+447762943498

press@onetrading.com
+447795433650

SC Ventures
SC Ventures is a business unit that provides a platform and catalyst for Standard Chartered to promote innovation, invest in disruptive financial technology and explore alternative business models.
For more information, please visit www.scventures.io and follow SC Ventures on LinkedIn.

Standard Chartered
We are a leading international banking group, with a presence in 53 of the world’s most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.
Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.
For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.

One Trading
One Trading is a European digital asset exchange headquartered in the Netherlands. The company is committed to providing a secure, fast, and scalable platform for trading crypto-assets and derivatives. With a focus on innovation and regulatory compliance, One Trading aims to set new standards in the industry and offer unparalleled services to its customers. For more information, please visit our website, or LinkedIn.
NB: One Trading has no affiliation to Bitpanda’s business.


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