Blockchain

‘Moonrise’ Initiative Signals Next Phase in Evolution for New-Look Moonbeam Network in Polkadot Ecosytem

on

    More in Blockchain:

    Singapore, Singapore, June 5th, 2024, Chainwire

    Ambitious 2024 Roadmap Includes 8x Improved Throughput, zkAuth for Web2 ID, Major Grants

    Moonbeam Network, a smart contract platform for building cross-chain connected applications, announced the ‘Moonrise’ initiative anchored by a 2024 Product Roadmap that includes the introduction of parallel processing to improve throughput by 8 times, upgrading ecosystem integration, improving the developer and user experience, and more. Moonrise signals the next phase in evolution for Moonbeam and canary network Moonriver, which is incorporating Axelar bridging technology.

    More than two years since its mainnet launch in January 2022, Moonbeam is well-established as the leading solution for integrating networks such as Polkadot, Ethereum and the broader EVM ecosystems. The 2024 Roadmap demonstrates Moonbeam’s dedication to continually improving its cutting-edge performance and experience for developers and users.

    The Moonrise initiative is reflected in a comprehensive rebrand of Moonbeam’s look, underscoring how Moonbeam is more than a chain. It’s a hub for developers, Web3 enthusiasts, interoperability supporters and more.

    “We’re beyond excited to reveal Moonbeam’s new look in conjunction with our ambitious plans for 2024. This year we are implementing improvements, upgrades and announcements to all facets of the Moonbeam and Moonriver networks,” said Aaron Evans, Head of Operations at Moonbeam Foundation. “As our passionate community of supporters knows, Moonbeam is a modern blockchain with features for developers and users that are still just a dream for other networks that remain in testnet phase.”

    A lynchpin of the 2024 Roadmap is enhancing the core protocol with the introduction of asynchronous backing, a form of parallel processing that will quadruple block space and halve block times to 6 seconds, resulting in an 8x increase in overall throughput for Moonbeam.

    More improvements include ensuring compatibility and seamless interoperability with Ethereum’s gas-saving Dencun upgrade, substantial upgrades to the UX for Moonbeam Routed Liquidity, and improvements to governance mechanisms.

    Other highlights include:

    • Ecosystem Integration: Glacis integration for reliable cross-chain transactions, Tanssi integration for appchain deployments, revitalized Moonriver with Axelar’s Amplifier program for bridging and a v3 AMM liquidity program.
    • Developer Tools: Governance tracks for dApps, support for EIP-4337 Account Abstraction, expanded tooling integration for ease of development, deployment, and debugging/monitoring.
    • User Experience: Zero Knowledge Initiative (zkAuth) for Web2 authentication, tokenomics incentive updates, and streamlined stablecoin flows.

    The series of initiatives will begin rolling out immediately and will continue to be deployed through Q3 and Q4 of 2024, and into 2025.

    To check out Moonbeam’s new website and follow the network’s upcoming developments, see: https://moonbeam.network.

    About Moonbeam Network

    Moonbeam is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By uniting functionality from Ethereum, Cosmos, Polkadot and more into a single platform, Moonbeam solves today’s fragmented user experience — unlocking true interoperability and paving the way for the next generation of applications. The Moonbeam platform uses integrated cross-chain messaging to allow developers to create smart contracts that access services across many remote blockchains. This approach, plus Moonbeam’s developer-friendly EVM platform, vast tool support, and modern Substrate architecture, creates the ideal development environment for building connected applications.

    Social media links: 

    Website | YouTube | GitHub | Telegram | Medium | X | Discord

    Contact

    Patrick Brendel
    SCRIB3
    [email protected]

    PostAd_coinrule_banner728x90

    Comments are closed.

    Brazil Ecommerce Market Databook 2024: An $87.6 Billion Industry by 2028 - 100+ KPIs on Verticals, Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics

    2024-09-30T13:09:45Z

    Dublin, Sept. 30, 2024 (GLOBE NEWSWIRE) -- The "Brazil Ecommerce Market Opportunities Databook - 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.

    The E-commerce market in Brazil is expected to grow by 10.10% on annual basis to reach US$62.6 billion in 2024. Medium to long term growth story of E-commerce industry in Brazil promises to be attractive. The E-commerce is expected to grow steadily over the forecast period, recording a CAGR of 8.75% during 2024-2028. The E-commerce Gross Merchandise Value in the country will increase from US$56.9 billion in 2023 to reach US$87.6 billion by 2028.

    This report provides a detailed data centric analysis of E-commerce market dynamics, covering over 100 KPIs in Brazil. It details market opportunity across key B2C verticals - Retail Shopping, Travel & Hospitality, Online Food Service, Media and Entertainment, Healthcare and Wellness, and Technology Products and Services. It provides market share by key players across key verticals along with sales channels (Platform to Consumer, Direct to Consumer, Consumer to Consumer). In addition, it provides spending pattern by payment instruments along with a snapshot of consumer behaviour in Brazil.

    The growing competitive landscape is also driving the trend of mergers and acquisitions in the sector, as firms seek to improve their product while strengthening their position in the market. Furthermore, e-commerce firms are also raising capital rounds to expand in the Brazilian market. Overall, the publisher maintains a positive growth outlook for the B2C e-commerce industry in Brazil over the next three to four years.

    Firms are entering into acquisition deals to grow their presence in the Brazilian e-commerce market

    The e-commerce industry is poised for strong growth over the next three to four years in Brazil. Consequently, firms are entering into acquisition deals to grow their presence in the market.

    • Nuvemshop, in December 2023, acquired Perfit to enhance its sales and efficiency in marketing campaigns. Perfit is a standout choice for those seeking marketing automation solutions. Their tools make it easy to efficiently manage, segment, and send personalized communications to contact lists or email databases. Furthermore, Perfit also makes use of artificial intelligence to optimize marketing campaigns. The addition of Perfit is, therefore, expected to help Nuvemshop further strengthen its position in the Brazilian market over the next three to four years.
    • Shopee, the e-commerce arm operated by Singapore-based firm Sea, also entered into an acquisition deal with Brazilian fintech firm Blu in December 2023. The deal is part of the firm's strategy to accelerate growth in Brazil. The acquisition will enable Shopee to end its partnership with a local firm through which it currently offers credit to consumers. In Brazil, Shopee has more than 3 million merchants and the firm also gained approval from the central bank to operate as a payment institution in 2022. With a low-cost marketplace strategy, Shopee has been gaining strong popularity among online shoppers in Brazil.

    These collaborations are expected to further strengthen the position of Nuvemshop and Shopee in the Brazilian market over the medium term. As the competitive landscape continues to grow, the publisher expects more such acquisition deals to take place in the Brazilian e-commerce industry.

    Chinese e-commerce giants are eyeing global expansion, including key Latin American markets

    Brazil, alongside other Latin American markets, is offering strong growth opportunities in the e-commerce sector. To tap into the regional market, Chinese firms have announced significant investments in the region, including in Brazil.

    • Shein, for instance, has announced plans to make Brazil its export hub for the rest of the region. The firm revealed that it will invest US$150 million in developing a manufacturing network in Brazil. Shein is also planning to expand its network of 336 suppliers to 2,000 manufacturing partners in Latin America over the next three years.
    • Shein's expansion in Latin America comes amid criticism of the Chinese brand for avoiding import taxes, a tactic it has also used in the United States. In Brazil, import taxes are applicable to items valued up to US$50, but with Shein's local manufacturing capabilities, the brand can keep offering affordable domestic shipping.

    From the short to medium-term perspective, the publisher expects more global firms, including Chinese giants like Temu and TikTok to increase their investment in the Brazilian e-commerce market. This will drive the competitive landscape, while also supporting the sector growth over the medium term.

    E-commerce startups are raising capital to finance regional expansion, including in Brazil, in 2024

    To drive market penetration and tap into the growing market size, e-commerce startups are seeking venture capital and private equity funding. This trend is projected to gain further momentum in 2024.

    • Zubale, the e-commerce startup, announced that the firm had raised US$25 million in November 2023. The firm is planning to deploy the fresh capital towards its expansion plan in Brazil and Mexico. The firm initially began by connecting gig workers with stores or warehouses to help with tasks like packaging and deliveries. Now, it has expanded its services to provide logistics support and customer-facing software for businesses.
    • The firm is now looking to expand its reach beyond grocery stores and pharmacies. It is seeking to tap into clothing stores, pet chains, and electronics chains. In Brazil, the firm has a presence in 40 cities already. The fresh capital will enable Zubale to further speed up its penetration in the fast-growing Brazilian e-commerce market, driving revenue growth for the firm over the medium term.

    Key Attributes:

    Report AttributeDetails
    No. of Pages110
    Forecast Period2024 - 2028
    Estimated Market Value (USD) in 2024$62.62 Billion
    Forecasted Market Value (USD) by 2028$87.6 Billion
    Compound Annual Growth Rate8.7%
    Regions CoveredBrazil


    Scope

    Brazil Ecommerce Market Size and Future Growth Dynamics

    • Gross Merchandise Value Trend Analysis
    • Average Value Per Transaction Trend Analysis
    • Gross Merchandise Volume Trend Analysis

    Brazil User Statistics and Ratios of Key Performance Indicators

    • User Statistics
    • Card Abandonment Rate and Product Return Rate
    • Ecommerce Per Capita and GDP Per Capita
    • GDP Per Capita Trend Analysis

    Brazil Ecommerce Market Share by Key Players

    • Brazil Retail Shopping Ecommerce Market Share by Key Players
    • Brazil Travel Ecommerce Market Share by Key Players
    • Brazil Food Service Ecommerce Market Share by Key Players
    • Amazon Brazil
    • Americanas
    • Casas Bahia
    • Magazine Luiza
    • Mercado Livre
    • 99Food
    • iFood
    • James Delivery
    • Rappi
    • Uber Eats
    • AJ Mobilidade
    • CVC Brasil
    • Decolar Brasil
    • Flytour

    Brazil Ecommerce Market Size and Forecast by Ecommerce Segments (Gross Merchandise Value Trend Analysis

    • Retail Shopping (breakdown by clothing, footwear & accessories, health, beauty and personal care, food & beverage, appliances and electronics, home improvement, books, music & video, toys & hobby, auto)
    • Travel and Hospitality (breakdown by air travel, train & bus, taxi service, hotels & resorts)
    • Online Food Service (breakdown by aggregators, direct to consumer)
    • Media and Entertainment (breakdown by streaming services, movies & events, theme parks & gaming)
    • Healthcare and Wellness
    • Technology Products and Services
    • Other segments

    Brazil Ecommerce Market Size and Forecast by Retail Shopping Sales Channel

    • Platform to Consumer
    • Direct to Consumer
    • Consumer to Consumer

    Brazil Ecommerce Market Share by Travel and Hospitality Sales Channel

    • Market Share by Travel and Hospitality Sales Channel
    • Aggregator App - Gross Merchandise Value Trend Analysis
    • Direct to Consumer - Gross Merchandise Value Trend Analysis

    Brazil Ecommerce Market Size and Forecast by Online Food Service Sales Channel

    • Aggregator App
    • Direct to Consumer

    Brazil Ecommerce Market Size and Forecast by Engagement Model (Gross Merchandise Value Trend Analysis, 2019-2028)

    • Website Based
    • Live Streaming

    Brazil Ecommerce Market Size and Forecast by Location (Gross Merchandise Value Trend Analysis

    • Cross Border
    • Domestic

    Brazil Ecommerce Market Size and Forecast by Device (Gross Merchandise Value Trend Analysis

    • Mobile
    • Desktop

    Brazil Ecommerce Market Size and Forecast by Operating System

    • iOS/macOS
    • Android
    • Other Operating Systems

    Brazil Ecommerce Market Size and Forecast by City

    • Tier 1
    • Tier 2
    • Tier 3

    Brazil Ecommerce Market Size and Forecast by Payment Instrument (Gross Merchandise Value Trend Analysis, 2019-2028)

    • Credit Card
    • Debit Card
    • Bank Transfer
    • Prepaid Card
    • Digital & Mobile Wallet
    • Cash
    • Other Digital Payment

    Brazil Ecommerce Consumer Demographics

    • Market Share by Age Group
    • Market Share by Income Level
    • Market Share by Gender

    For more information about this report visit https://www.researchandmarkets.com/r/ysaobj

    About ResearchAndMarkets.com
    ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

    CONTACT: ResearchAndMarkets.com 
         Laura Wood,Senior Press Manager 
         [email protected]
         For E.S.T Office Hours Call 1-917-300-0470 
         For U.S./ CAN Toll Free Call 1-800-526-8630 
         For GMT Office Hours Call +353-1-416-8900

    GlobeNewsWire News

    Recent Comments