Blockchain

Cartesi and Avail Announce Strategic Integration to Advance Web3 Development

New York, New York, July 2nd, 2024, Chainwire

Cartesi, a modular execution layer protocol that equips developers with access to a full Linux environment, and Avail, a modular blockchain framework designed to unify web3 and optimize data availability (DA) for scalable and customizable applications, are pleased to announce a close collaboration set to significantly advance web3 development.

This integration will offer a seamless and intuitive experience for developers by leveraging Cartesi’s RISC-V Linux-based execution capabilities and Avail’s reliable data availability solution, Avail DA. The user-friendly approach will simplify the complexities of decentralized application development, enabling faster and more efficient project deployment.

The modular stack allows both protocols to combine their unique properties, resulting in a robust protocol that is more powerful compared to monolithic stacks where all functionalities are integrated. In this sense, the Cartesi-Avail integration will enable developers to benefit from the increased computational power and flexible programming environment of the Cartesi stack, while also utilizing the enhanced data availability capabilities of Avail DA.

“By combining Cartesi’s cutting-edge RISC-V Linux-based execution with Avail DA, we are setting a new standard in the ease and efficiency of protocol development. This partnership empowers developers to overcome traditional barriers, accelerating innovation and the deployment of next-generation decentralized applications. We are thrilled to enable this leap forward in web3 development,” said Anurag Arjun, Co-Founder of Avail.

The collaboration between Cartesi and Avail marks a significant milestone in the web3 space. A dedicated data availability layer ensures critical transaction data remains available and verifiable while significantly reducing the costs associated with on-chain data availability. This makes dApps more affordable and accessible, while reliable data availability is crucial for the execution layer to perform transactions and execute contracts seamlessly. 

“The Cartesi-Avail integration brings into reality a powerful infrastructure for new possibilities and use cases in web3. This is exciting for us and a breath of fresh air for the industry,” said Erick de Moura, Co-Founder of Cartesi.

This partnership is expected to drive the creation of a more robust and versatile ecosystem, particularly benefiting gaming and DeFi verticals, empowering developers to experiment and innovate without being hindered by the limitations of current infrastructure.

Cartesi equips developers with access to a full Linux environment through its native virtual machine, and high-performance rollups designed to support next-generation dApps. By bridging the gap between traditional software and blockchain, Cartesi enables developers to create more sophisticated and scalable dApps with ease. Avail DA offers secure data availability guarantees for entire networks of blockchains, enabling them to scale efficiently and in an unlimited capacity. Using validity proofs with data availability sampling provides robust security and enhanced scalability for blockchain applications. 

About Cartesi: 

Cartesi is a powerful modular blockchain protocol that supercharges the web3 space. Cartesi equips developers with access to a full Linux environment through its native virtual machine, and high-performance rollups designed to support next-generation dApps. To learn more about Cartesi, users can visit https://cartesi.io/

About Avail:

Avail is led by Polygon’s former co-founder Anurag Arjun and is building a unification layer to solve rollup fragmentation at scale. Avail addresses this from first principles solving blockchain scalability with Avail DA, a foundational DA layer which implements the same technology planned for Ethereum’s danksharding roadmap, including KZG Commitments and Data Availability Sampling (DAS). Avail Nexus addresses growing fragmentation concerns with permissionless interoperability, leveraging proof aggregation on Avail’s scalable DA layer. Avail’s security is then reinforced with multi-asset staking through Avail Fusion.

availproject.org

Users can learn more about Avail on Discord, Twitter, GitHub, Our Blog

Contact

PR Manager
Lindsay Strebel
Blokhaus Inc.
[email protected]

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Bybit’s World Series of Trading 2024 Kicks Off: The Biggest Trading Competition in Crypto History Begins

2024-10-02T11:36:42Z

DUBAI, United Arab Emirates, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to unveil the World Series of Trading (WSOT) 2024, the world’s longest-running crypto trading competition. This year, WSOT pushes boundaries, integrating centralized and decentralized trading, allowing participants to experience the trustless trading of the future. 

Game-Changing Features Traders Will Love
Individual traders can battle in three arenas depending on their capital size: lightweight, middleweight, and heavyweight. With separate prize pools for each league, the competition is fairer and ensures that talent wins the day, not account size. 

Furthermore, traders can add up to four subaccounts within their Unified Trading Account (UTA) and rack up PnL across multiple accounts and markets, increasing their chances of winning. Bybit’s UTA calculates margin across positions, unifies collateral, and improves capital efficiency so traders can operate multiple positions from one account, making it a killer tool for the rigors of competitive trading. 

Expanding into Decentralized and Centralized Trading
WSOT also includes Bybit Web3’s DEX Pro trading platform so participants can trade over 1 million decentralized tokens, including memecoins, DeFi, GameFi, and more. Participants can also take part in the first-ever Web3 Idol competition.

To play, traders earn votes through trading and completing daily tasks. Voters can support up to three projects daily and have the chance to win from a 1,000,000 MNT prize pool, including a 600,000 MNT grand prize for those who vote for the winning project and 200,000 MNT daily rewards. The winning project will receive exclusive CEO backing, prime listing, and marketing support, making it a key event in shaping the future of Web3.

Over 100 ecosystem partners and decentralized projects such as MomoAi and Tars Protocol from Solana, and Catizen, KTX Finance via Mantle will participate in the DEX Pro competition as part of WSOT. By marrying centralized (CEX) and decentralized (DEX) trading, all crypto lovers can experience the wave of the whole ecosystem.

“Bybit aims to create industry best practices for onboarding users for both CEX and DEX to help create a broader landscape of crypto adoption,” said Ben Zhou, co-founder and CEO. “By combining these two elements, we are enabling the smaller projects and specialist traders to rise up the competition ranks.” 

10,000,000 Prize Pool and Participation Details
The prize pool for WSOT 2024 is bigger and better, with rewards including yacht cruises, Rolex watches, world travel tickets, and up to 10,000,000 USDT. The more participants join, the larger the prize pool grows, making this year’s competition the juiciest in crypto. 

To participate, simply sign up for WSOT when the event opens on October 1 and maintain at least $500 in your Bybit UTA account. All participants can invite friends to join WSOT and get more chances in the lucky draw. 

Over the years, Bybit’s WSOT has grown to historic heights, with nearly 117,000 traders entering competitions between 2020 and 2022. And in 2023, the competition attracted almost 120,000 traders globally. This resulted in a remarkable year-on-year trading volume surge of 42%, reaching a total trading volume of 70.5 billion.

#Bybit / #TheCryptoArk / #WSOT2024

About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, users can visit Bybit Press

For media inquiries, users can contact: [email protected]

For more information, users can visit: https://www.bybit.com

For updates, users can follow: Bybit's Communities and Social Media

Contact

Head of PR
Tony Au
Bybit
[email protected]


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