Blockchain

The Sovereign Nature Initiative Releases DOTphin: Eco-Evolving Avatars On Polkadot at Token 2049 in Singapore

Amsterdam, Netherlands, September 18th, 2024, Chainwire

Token 2049 Attendees Can Collect DOTphin Proof of Presence Digital Avatars and Contribute to Real-World Environmental Impact

 Sovereign Nature Initiative (SNI) has joined forces with Unique Network and WalletConnect to launch DOTphin, an innovative Polkadot NFT project for attendees of Token 2049 in Singapore. Attendees are invited to visit the Polkadot booth (Booth #P34 and 42, located on level 5 of the Marina Bay Sands Convention Center) and collect their Proof of Presence (PoP) and begin their journey with DOTphin avatars which evolve through user interaction and contribute to real-world marine conservation efforts.

By participating in the DOTphin experience, Token 2049 attendees can collect a PoP, unlocking stages in the avatar’s evolution, which is influenced by ecological data from SNI’s marine conservation partner, Aquasearch. This innovative fusion of blockchain and ecological impact empowers users to play a role in preserving marine life while engaging with cutting-edge technology.

Catherine Bischoff, CEO of SNI shared, “Our goal at Sovereign Nature Initiative is to rethink the economics of biodiversity conservation and restoration. Through DOTphin, we have pioneered a groundbreaking approach to merge community engagement and the protection of our natural world by connecting digital collectibles with living entities. We add meaning to virtual realms by distributing dynamic assets that are verifiably making real world impact.”

To claim PoPs or other Proofs, users can visit the SNI Website or scan QR codes encountered at events. This will direct attendees to the claim process, which involves logging into an account. For those without an account, it can be created easily using an email address, social profiles, or digital wallets. The process is designed for simplicity and efficiency, making it easy to manage and claim Proofs.

Once PoPs are collected, the next step is evolving the DOTphin. This can be done by visiting the REAL Evolution page on the REAL portal. The same sign-in credentials used to claim Proofs are required to connect the account. The evolution process begins with the acquisition of the primordial “orbo”, which acts as the starting point; once hatched, it marks the commencement of the DOTphin’s evolution.

To evolve the DOTphin, other collected PoPs and Proofs are utilized. On the REAL Evolution page, select the evolve option, choose the Proofs to be applied, and the DOTphin will develop accordingly. Each Proof influences the characteristics of the DOTphin, making it a personalized representation of individual engagement and achievements. The selected Proofs will shape the DOTphin’s evolution, creating a unique avatar.

The DOTphin avatar aesthetic is heavily influenced by the artistic style seen in Japanese anime. This design decision creates a significant and relatable connection between the general audience and the digital companion and promotes the idea of caring for an object as it evolves over time. The acclaimed designer behind the art is Daria Smakhtina, from Ephemera One.

About Sovereign Nature Initiative

Sovereign Nature Initiative (SNI) is a non-profit organization dedicated to rethinking the economics of biodiversity conservation and restoration. Leveraging cutting-edge technologies, SNI creates innovative solutions that connect digital assets with real-world ecological impact. Through its proprietary tech stack—DEEP Protocol and the REAL Portal—SNI integrates live ecological data into digital collectibles, ensuring a sustainable funding channel for biodiversity efforts. The DEEP protocol gathers data from biodiversity stewards, while the REAL Portal continuously verifies commitments, linking users to tangible proof of their environmental contributions. SNI’s work, including pioneering projects like DOTphin, fosters community engagement and creates a new form of digital accountability for conservation.

About Polkadot

Polkadot is the powerful, secure core of Web3, providing a shared foundation that unites some of the world’s most transformative apps and blockchains. Polkadot offers advanced modular architecture that allows devs to easily design and build their own specialized blockchain projects, pooled security that ensures the same high standard for secure block production across all connected chains and apps connected to it, and robust governance that ensures a transparent system where everyone has say in shaping the blockchain ecosystem for growth and sustainability. With Polkadot, users are not just participants, they’re co-creators with the power to shape its future.

Contact

PR
Jonathan Duran
Distractive
Jonathan@distractive.xyz

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Strengthening Crypto Security: Bybit’s AI Risk Engine Fortifies Hot and Cold Wallets, Screening $1 Billion in Withdrawals in First Half of 2024

2024-09-20T12:29:38Z

DUBAI, United Arab Emirates, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is stepping up its security efforts, using cutting-edge AI technology to fend off hackers and bad actors. In the first half of 2024, Bybit protected users by executing 32 million withdrawals and prevented the loss of over $79 million in client assets by vetting close to $1 billion in suspicious withdrawal attempts. More than $37 million in project funds were also safeguarded.

As part of its tiered approach to fund safety, Bybit’s focus on protecting hot wallets and cold wallets plays a critical role in preventing hacking and fraud. Bybit has strengthened its verification processes, applying extra scrutiny to large transactions and high-risk withdrawals. While most fraudulent attempts were prevented in the early stage, the exchange detected abnormal withdrawal requests involving over $940 million in cryptocurrency during the first six months of 2024, with over 8.4% confirmed as attempted fraudulent withdrawals.

Fraud Prevention in an Evolving Threat Landscape

As crypto adoption scales, fraudsters and hackers increasingly target individual users and institutional vulnerabilities. Bybit, as one of the leading crypto exchanges, stands as a critical line of defense against these threats, employing sophisticated AI-driven security protocols to foil illicit schemes. The rise of AI has emerged as an area of concern for security and risk experts, prompting service providers to reconfigure their security posture.

Covering Every Vulnerability with AI-Driven Protection

Bybit’s deployment of AI technology serves as a robust shield against evolving risks. From securing user wallet systems to detecting complex, AI-enabled fraud attempts, Bybit's enterprise-level AI fortifies each layer of its defenses.

All Bybit users can opt into multi-channel verifications and biometric authentication to ensure that their identities are securely verified. For instance, Bybit's risk engine recently thwarted an attempt involving face-swapping technology aimed at bypassing facial verification in its Know Your Customer (KYC) process. Thanks to its live face detection and virtual camera detection, Bybit's system swiftly blocked the attempt by the hacker.

With a proprietary risk control engine and user behavioral analytics models, Bybit streamlined fraud detection with a combination of both automated and human scrutiny. The wealth of data and algorithmic processes help the system and a team of over 50 risk and security experts detect irregular behavioral patterns and sound the alarm for suspicious activities. The approach significantly reduces the risk of unauthorized access, instructions and withdrawals.

A “Safety-first” Approach to Trading

“One of the main reasons users choose to use centralized exchanges is the high level of support and protection they offer. Bybit invests heavily in software, hardware and talent to ensure that our 40 million customers can trade with confidence, knowing that their assets are protected by the most secure blockchain security measures,” said Helen Liu, Chief Operating Officer of Bybit.

“We are pleased to have kept the fraudulent rate in withdrawals below 10% in the first half of 2024, and we are committed to strengthening our first lines of defenses to ensure that every aspect of the Bybit experience is safe and secure,” continued Liu.

Raising the Bar for Industry Security

Bybit has recently announced a comprehensive upgrade of its security measures. Verified by blockchain auditor CertiK, Bybit’s state-of-the-art safety model helped it secure a 10/10 trust score on CoinGecko. By leveraging multi-faceted security frameworks and heavily guarded vaults, Bybit ensures its users’ assets are stored in infrastructures designed to withstand even the most vigorous hacking attacks.

With its commitment to building lasting trust in the Web3 ecosystem, Bybit aspires to deliver the highest standards in security to set new security standards for the industry.

#Bybit /#TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 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, readers can please visit Bybit Press.

For media inquiries, readers can please contact: media@bybit.com

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

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

Contact

Head of PR

Tony Au

Bybit

tony.au@bybit.com


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