Blockchain

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

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    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]

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    AgentSmyth Appoints Industry Veteran Robert DiFazio as Chief Strategy Officer and Board Member Amidst Rapid Growth and Milestone Achievements

    2024-10-01T08:23:00Z

    Company Surpasses 10,000 Client Searches, Adds 200+ Institutional Traders, and Accelerates Adoption of Its Offerings

    NEW YORK, Oct. 01, 2024 (GLOBE NEWSWIRE) -- AgentSmyth, a leading AI-powered financial data and analytics platform, today announced the appointment of Robert DiFazio as Chief Strategy Officer (CSO) and member of its Board of Directors. With over 40 years of experience in capital markets and investment management, DiFazio brings unparalleled expertise to AgentSmyth at a pivotal moment in the company's expansion.

    An Unmatched Industry Leader Joins AgentSmyth

    Robert DiFazio's illustrious career includes senior leadership roles such as Co-Head of Global Equities at Citigroup and a Founding Investor in Strategas Research Partners. His extensive background in capital markets, trading, investment banking, and venture capital has shaped strategies for some of the world's most influential financial institutions.

    "Joining AgentSmyth is an exciting opportunity to be at the forefront of fintech innovation," said Robert DiFazio, CSO of AgentSmyth. "The company's AI-driven approach is transforming how financial professionals access and utilize data. I look forward to contributing to its next phase of growth."

    Strengthening Leadership with Key Technology Hires

    In addition to DiFazio's appointment, AgentSmyth has bolstered its technology leadership team with the hiring of Brian Jo as Chief Technology Officer (CTO) and Salman Razzaq as Vice President of Engineering. Brian Jo, formerly at Market Reader, brings a wealth of experience in developing advanced financial platforms. Salman Razzaq, previously at S&P Global, adds significant expertise in engineering scalable solutions for complex data environments.

    "Our expanded leadership team positions us to accelerate innovation and deliver even greater value to our clients," said Pulkit Jaiswal, Co-CEO of AgentSmyth. "Brian and Salman are instrumental in enhancing our platform's capabilities and scaling our operations globally."

    Significant Milestones: Over 10,000 Client Searches and Rapid User Growth

    Since launching its AgentSmyth All-Access offering just three months ago, the company has surpassed 10,000 client searches, signaling strong market validation. Additionally, AgentSmyth has onboarded over 200 institutional traders from both buy-side and sell-side firms, with a growing number converting into paid licenses.

    AgentSmyth's platform covers 58,200 equities, with an average agent response time of 2.5 to 30 seconds. The efficiency gained through the platform's AI agents has saved clients an estimated 296 days of research hours compared to traditional tools. 

    "Reaching over 10,000 client searches in such a short timeframe demonstrates the market's appetite for smarter, faster insights," said Pulkit Jaiswal, Co-CEO of AgentSmyth. "Our platform is revolutionizing how professionals consume data, turning complex market dynamics into actionable intelligence."

    Introducing the Rag2Riches Framework and Technological Advancements

    At the core of AgentSmyth's technological innovation is the proprietary Rag2Riches Framework, which dynamically upgrades vector contexts with real-time insights on economic events, news, and trader actions. By integrating live Level 2 (L2) flows and options data, the platform delivers unparalleled market intelligence, keeping clients ahead with precise, actionable insights.

    "Our Rag2Riches Framework is a game-changer for market analysis," noted Brian Jo, CTO of AgentSmyth. "By providing real-time, context-rich data, we're empowering traders and analysts to make informed decisions faster than ever before."

    Diverse Offerings Catering to Active and Passive Customers

    AgentSmyth's two main offerings—AgentSmyth All-Access and Silver Bullets—are seeing strong adoption, catering to both active traders seeking in-depth analysis and passive customers who prefer concise, actionable insights delivered directly to their inboxes.

    "Our diverse product suite was designed to meet the unique needs of different market participants," said Mike Block, COO of AgentSmyth. "Whether it's comprehensive analysis or quick, actionable insights, we're delivering value across the spectrum."

    Empowered by SEC Registration

    The company's momentum is further accelerated by its recent approval as an SEC-registered investment advisor. This regulatory milestone allows AgentSmyth to onboard paid clients while delivering real-time, actionable trade recommendations, ensuring compliance and transparency.

    "SEC registration was a critical step in our mission to democratize access to advanced market intelligence," added Mike Block, COO of AgentSmyth. "It enables us to scale our offerings responsibly while meeting the stringent requirements expected by our institutional clients."

    Looking Ahead: Global Expansion & Market Reach

    AgentSmyth is poised for continued aggressive growth, with plans to expand into European and Asian equity markets by Q1 2025 through existing data partnerships. Additionally, AgentSmyth has secured strategic partnerships with several Order Management Systems (OMS). These collaborations facilitate deep integration into existing workflows, granting AgentSmyth access to over 2,000 institutional traders and portfolio managers without additional marketing expenditure.

    "Our OMS partnerships provide the infrastructure for rapid adoption across the financial services landscape," noted Daniel McCooey, Co-CEO of AgentSmyth. "Clients can seamlessly incorporate our AI agents into their daily operations, enhancing decision-making with zero friction. "We're entering an exciting phase of global expansion and product enhancement," said Robert DiFazio, CSO of AgentSmyth. "I’m eager to leverage my experience to drive AgentSmyth’s strategic initiatives and deliver unparalleled value to our clients."

    About AgentSmyth

    For additional details, please contact: [email protected]

    For press inquiries: [email protected]

    For more information about AgentSmyth: agentsmyth.com

    To follow on LinkedIn: https://www.linkedin.com/company/agentsmyth/

    To follow on X.com: https://x.com/AgentSmyth

    Contact

    Co-Founder, CSO

    Michael Block

    AgentSmyth

    [email protected]


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