Category: ICO

Naoris Protocol Stakes $120,000 Bounty To Break Cryptography Securing $470 Trillion Global Economy

Naoris Protocol, the post-quantum infrastructure pioneer, today announced a $120,000 (1BTC at time of announcement) bounty program challenging cryptographers worldwide to break the elliptic curve algorithms that currently secure the global digital economy, from Bitcoin’s $2.4 trillion market to the $410 trillion banking system.

The challenge highlights an urgent reality: while these cryptographic foundations remain unbreakable today, quantum computers will inevitably crack them within 10-20 years, potentially triggering the largest financial crisis in history.

The Bounty Structure

  • $50,000 for breaking secp256k1 (Bitcoin and Ethereum)
  • $30,000 for breaking Ed25519 (Signal, WhatsApp, Solana)
  • $20,000 for breaking NIST P-256 (TLS/SSL, Internet security)
  • $10,000 for other major curves (P-224, P-384, P-521)

“This isn’t about attacking cryptocurrency, it’s about defending it,” said David Carvalho, CEO of Naoris Protocol. “These curves are mathematical masterpieces that have protected global commerce for decades. But quantum computing will render them obsolete. We’re building the quantum-safe infrastructure the world needs before that day arrives.”

What’s at Stake

The elliptic curve cryptography targeted by this bounty currently protects:

  • $410 trillion in global banking assets
  • $145 trillion in assets under management
  • $57 trillion in intellectual property
  • $2.4 trillion in cryptocurrency
  • Government communications and defense systems
  • Every secure internet transaction

The Challenge

Participants must demonstrate the ability to recover a full private key from a public key using mathematical cryptanalysis. Implementation flaws, side-channel attacks, or weak random number generators don’t qualify; this is about breaking the math itself.
Submissions can be made at: BountyForm

“When quantum computers achieve this in the next decade or two, it won’t be a drill,” Carvalho warned. “That’s why forward-thinking enterprises and governments are transitioning to post-quantum cryptography now.”

Racing Against Time

Current quantum computers have approximately 1,000 physical qubits. Breaking 256-bit elliptic curve cryptography requires an estimated 2,330 logical qubits. Although that gap may seem large, quantum computing is advancing at an exponential rate.

“The NSA announced in 2015 they’re transitioning to quantum-resistant cryptography,” noted Carvalho. “When the world’s premier cryptographic authority moves, smart organizations follow.”

About Naoris Protocol

Naoris Protocol is building enterprise-grade, quantum-resistant blockchain infrastructure using lattice-based cryptography that withstands both classical and quantum attacks. The company serves Fortune 500 enterprises and government agencies, preparing for the post-quantum era.

Submit entries here: BountyForm

Media Contact: sharon@babslabs.io 

Naoris Protocol Announces Upcoming TGE for $NAORIS

Naoris Protocol, the first in production quantum-resistant blockchain and cybersecurity mesh architecture, has announced its upcoming TGE for July 31, 2025, marking a key milestone in the rollout of a new foundational security layer for the internet, designed to protect both Web3 and Web2 ecosystems from quantum and traditional threats. 

The $NAORIS token will launch for trading on July 31 at 12:00PM UTC / 08:00AM ET. At TGE, the initial circulating supply will be 599.260,000 NAORIS tokens, with a fully diluted valuation (FDV) of $500M FDV. The token will be available for trading on Binance Alpha, Binance Perps, and Gate.io with additional exchange listings to be confirmed. For the latest details, visit the Naoris Protocol website on July 31.

In terms of utility, the $NAORIS token powers a machine-driven trust economy, enabling real-time, quantum-resistant security validations across both Web3 and traditional Web2 infrastructures. Embedded at the Sub-Zero layer within a Decentralized Trust Mesh, $NAORIS powers autonomous device-to-device security challenges that trigger token swaps per block, ensuring continuous, automated trust without human input. Each node earns influence and rewards based on its trust score, creating a dynamic consensus system rooted in behavior and reliability. Token holders can stake to secure the network and participate in governance, aligning incentives with long-term protocol resilience.

The announcement comes just weeks after Naoris raised $3 million in a strategic funding round led by Mason Labs, with participation from Frekaz Group, Level One Robotics and Tradecraft Capital.

The $NAORIS token is the core utility asset powering this infrastructure, enabling access to security services, governance and incentives for network participants. As the lifeblood of the Naoris Protocol, $NAORIS serves as the cyber-trust primitive that drives decentralized security infrastructure across blockchains, enterprises and IoT ecosystems.

Operating at the Sub-Zero Layer, beneath L0 to L2 blockchains, Naoris Protocol provides the trust and security fabric for decentralized applications and existing internet infrastructure. It integrates directly with EVM-compatible blockchains without requiring hard forks and extends protection to blockchain transactions, physical infrastructure, including enterprise systems, cloud platforms, IoT devices, validators, bridges and decentralized exchanges. Naoris Protocol’s Post-Quantum technology is aligned with NIST, NATO and ETSI post-quantum standards – the US Government has mandated that all digital systems transition to post-quantum cryptographic standards by 2030, with legacy algorithms fully phased out by 2035.

“At Naoris, we firmly believe that blockchains cannot retrofit their way to post-quantum security, they must be built into the infrastructure from the ground up,” said Naoris CEO and Founder David Carvalho. “Our TGE helps us move closer to delivering the next standard in cyber-resilient infrastructure,ensuring global systems remain secure in the post-quantum era.”

Naoris’ architecture combines Post-Quantum Cryptography, Decentralized Proof-of-Security (dPoSec) consensus, and Swarm AI to secure blockchain transactions and web infrastructure against quantum computing risks. Key features include:

Quantum-Secure Blockchain Transactions: Enhances EVM blockchains against quantum threats without network disruptions.

Trusted Web3 Infrastructure: Immutable, real-time mesh network secures nodes, validators, bridges, and DEXs.

Distributed Web2 Security: Converts all devices into validator nodes, forming a self-healing network without single points of failure.

Since launching its testnet in January, Naoris Protocol has recorded significant growth, with over 100 million post-quantum transactions processed, over 3.3 million wallets onboarded, over 1M security nodes and over 475 million cyber threats mitigated as well as 31 active projects under development across sectors such as finance, telecom, energy, defense, and IoT.

Alongside CEO and Founder David Carvalho, Naoris Protocol is guided by a leadership team with deep expertise across cybersecurity, defense, and blockchain verticals, bringing together a diverse range of global experience. The team includes David Holtzman, former CTO of IBM and a key architect of the DNS protocol; Ahmed Réda Chami, Ambassador of Morocco to the European Union and former CEO of Microsoft North Africa; Mick Mulvaney, former White House Chief of Staff; and Inge Kampenes, retired Major General and former Chief of the Norwegian Armed Forces Cyber Defence. Their combined backgrounds reflect the protocol’s focus on building secure, scalable infrastructure for both Web3 and traditional systems.

To learn more about Naoris Protocol, users can visit https://www.naorisprotocol.com/ 

About Naoris Protocol

Naoris Protocol is the world’s first Decentralized Post-Quantum Infrastructure, built to secure both Web3 and Web2 against traditional and quantum threats. Operating beneath blockchain layers 0 to 3 as a Sub-Zero Layer, it integrates with existing EVM chains, nodes, bridges, dApps, enterprise systems, and IoT devices without requiring hard forks.

Media Contact: sharon@babslabs.io 

Disclaimer: All product and company names herein may be trademarks of their registered owners.  The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

Naoris Protocol Expands into the Nordics with Strategic Consulting Hub in Oslo

 Naoris Protocol, the global leader in decentralized trust infrastructure and post-quantum cybersecurity, proudly announces the opening of its Nordic Regional Command Center in Oslo, Norway. This new office marks a major milestone in the company’s strategic global expansion, serving as a central hub for government partnerships, digital sovereignty solutions, and the distribution of critical defense-grade technologies across the Nordic region, covering Norway, Sweden, Denmark, Finland, and Iceland.

This Nordic expansion is spearheaded by Major General (ret.) Inge Kampenes, former Chief of the Norwegian Armed Forces Cyber Defence and a decorated fighter pilot with deep expertise in defense strategy and cyber warfare. Kampenes brings decades of strategic military leadership to Naoris Consulting, the global consulting arm of Naoris Protocol, and will guide its engagement with Nordic governments, critical infrastructure, and public institutions.

General Kampenes is putting together a team of highly qualified partners and investors. His team will include Knut Grandhagen, former head of communications at the Norwegian Armed Forces Cyber Defence who is also the son of Kjell Grandhagen – an early backer of Naoris Protocol, 3-star General and former NATO Chairman of the Intelligence Committee. Grandhagen, a long-time believer in the Naoris vision, will head strategic communications efforts and support business strategy across the region.

“Naoris offers the kind of security innovation our region needs—sovereign, resilient, and future-ready, ” said General Inge Kampenes.

Knut Grandhagen, added: “We are building the Nordic epicenter of digital trust and cyber defense. My father believed in the revolutionary vision at the heart of Naoris since the early stages and helped shape it to what it is today. I will, in turn participate, in its success,

“The technology now being fielded by Naoris has the ability to boost national resilience and security at every level.”

The Oslo office operates under Naoris Consulting, the strategic arm of Naoris Group tasked with:

  • Distribution and deployment of Naoris Protocol technologies across public and private sectors;
  • Government contracting, compliance, and ecosystem partnerships;
  • Strategic education and engagement to promote decentralized cybersecurity, digital sovereignty, and post-quantum preparedness;
  • Supporting national transformation projects in sectors including defense, telecom, energy, and finance.

“The Oslo expansion is not just geographic—it’s geopolitical,” said David Carvalho, CEO of Naoris Protocol. “With Mr. Kampenes leading this charge, Naoris is positioning itself as the trusted sovereignty layer for a more resilient Nordic digital future.”

This move aligns with Europe’s growing commitment to digital sovereignty, reinforced resilience against foreign threats, and a secure post-quantum digital landscape. With trusted Nordic leadership at the helm, the Oslo center will serve as the main regional liaison for governments and institutions in Norway, Sweden, Denmark, Finland, and Iceland, embedding sovereign-grade cybersecurity across the region.

Naoris Consulting Oslo is already engaging with select ministries and public sector entities across the Nordics, with further partnerships and deployments expected throughout 2025. The Group’s mission is to embed trust, transparency, and resilience into the digital fabric of the Nordic region—starting now.

About Naoris Protocol

Naoris Protocol is the world’s first Decentralized Post-Quantum Infrastructure, built to secure both Web3 and Web2 against traditional and quantum threats. Operating beneath blockchain layers 0 to 3 as a Sub-Zero Layer, it integrates with existing EVM chains, nodes, bridges, dApps, enterprise systems, and IoT devices without requiring hard forks.

Naoris Protocol combines Post-Quantum Cryptography, dPoSec Consensus, and Decentralized Swarm AI to create a self-healing security mesh that eliminates single points of failure. Since launching in January 2025, it has processed over 64 million transactions and mitigated 341 million threats. Powered by the $NAORIS token, it is the fastest-growing trust and security layer for a quantum-resilient internet.

To learn more about Naoris Protocol, visit https://www.naorisprotocol.com/ 

Press contact:

Guy Davies
guy@naoris.com

Anna Fedorova
anna@babslabs.io

Naoris Protocol Raises $3M in Strategic Round Led by Mason Labs

Naoris Protocol, the first quantum-resistant blockchain and cybersecurity mesh architecture, has raised $3 million in a strategic funding round led by Mason Labs, that includes Frekaz Group, Level One Robotics and Tradecraft Capital following a six-month technical due diligence process.

The round, which includes proceeds from Naoris’s public sale and related allocations, was oversubscribed, prompting the team to open a new institutional raise — now live as of today, Thursday, 29 May.

David Carvalho, CEO and Founder of Naoris Protocol, says: “The strong interest we’ve seen from institutions reflects how urgently the industry is beginning to take the threat of quantum computing seriously. This investment supports our mission to future-proof the blockchain ecosystem before these risks become reality.”

Mason Labs, a leading venture capital firm focused on infrastructure-grade technologies, conducted a detailed review of Naoris Protocol’s post-quantum trust structure prior to securing the entire VIP allocation.Rain Huan, Founder of Mason Labs, says: “In recent years, cybersecurity issues related to digital assets have become increasingly severe and a serious challenge also faced by Mason Labs as an institution focusing on on-chain asset trading and investment. Naoris Protocol’s groundbreaking infrastructure layer has the potential to effectively mitigate such security risks. If successful, this would represent a substantial advancement for the Web3 ecosystem.”

This latest round follows a $31 million fundraise in 2022 backed by Tim Draper, the Holdun Family Office, Expert Doja, Uniera and other institutional investors.

Naoris Protocol is led by a team of cybersecurity, defense, and blockchain leaders, including:

The protocol offers a plug-and-play cybersecurity mesh designed to protect any blockchain or enterprise system from the sub-zero layer upward, without requiring a hard fork. Its decentralized security layer is powered by post-quantum cryptography and AI, and aligned with standards from NIST, NATO, and ETSI.

Naoris Protocol also runs a quantum-resistant Layer 1 blockchain secured by its proprietary Proof-of-Security (dPoSec) consensus mechanism.

About Naoris Protocol

Naoris Protocol is the world’s first Decentralized Post-Quantum Infrastructure, built to secure both Web3 and Web2 against traditional and quantum threats. Operating beneath blockchain layers 0 to 3 as a Sub-Zero Layer, it integrates with existing EVM chains, nodes, bridges, dApps, enterprise systems, and IoT devices without requiring hard forks. Naoris Protocol combines Post-Quantum Cryptography, dPoSec Consensus, and Decentralized Swarm AI to create a self-healing security mesh that eliminates single points of failure. Since launching in January 2025, it has processed over 64 million transactions and mitigated 341 million threats. Powered by the $NAORIS token, it is the fastest-growing trust and security layer for a quantum-resilient internet.

To learn more about Naoris Protocol, visit https://www.naorisprotocol.com/ 

Press contact:
Anna Fedorova
anna@babslabs.io 

Naoris Protocol Unveils World’s First Post-Quantum DePIN Testnet with Over 2.5 Million Transactions in First Week

Naoris Protocol, pioneers of Decentralized CyberSecurity, launched their highly anticipated Post-Quantum DePIN Testnet, recording over 2.5 million transactions in the first week. This represents an important step towards a decentralized cybersecurity future, empowering users to secure, earn through a transformative community based security model.

Digital infrastructure is increasingly exposed, with centralized cybersecurity systems failing against sophisticated cyber threats and emerging quantum computing risks. Naoris Protocol’s Decentralized Proof of Security (dPoSec) blockchain with fully integrated Post-Quantum Cryptography (PQC) and Decentralized SWARM AI, introduces a new era of trustless, distributed security validation online.

The integration and alignment with Post-Quantum Cryptographic Standards, including NIST PQC, NATO NCIA, and ETSI agencies, ensures that Naoris Protocol’s dPoSec blockchain is resistant to both classical and quantum cyber threats.

In just one week since launch on January 31, 2025, Naoris Protocol’s Testnet has shattered expectations:

  • 524,000 Naoris Wallets installed
  • 210,000 Browser Security Nodes deployed
  • 17M+ cyber threats mitigated by dPoSec
  • 2.6M Post-Quantum transactions processed

The Naoris dPoSec blockchain is standing up to massive volumes of post-quantum transactions, proving its quantum-safe architecture can neutralize future cyber threats today. See a post-quantum key in action: here

“Our vision is to create a cybersecurity framework that becomes stronger as it grows,” said David Carvalho, CEO & Founder of Naoris Protocol. “The overwhelming response to our DePIN Testnet underscores the need for decentralized cybersecurity solutions that eliminate single points of failure and build collective resilience across Web2 and Web3.”

The continual failure of centralized cybersecurity was perfectly highlighted with the CrowdStrike outage of July 2024, which crippled global systems. Naoris Protocol’s DePIN approach removes such vulnerabilities by distributing security validation across a decentralized mesh of devices, protecting against breaches and malpractice.

“Centralized security models are obsolete,” said David Holtzman, Chief Strategy Officer of Naoris Protocol. “Naoris Protocol ensures that security is continuously validated by the network itself, reducing risk and increasing trust in the digital ecosystem.”

Following the Post-Quantum DePIN Testnet launch, Naoris Protocol will also introduce:
– Expanded Post-Quantum Cryptography (PQC) implementations across a range of decentralized applications that safeguard against quantum-era threats.
– Cross-chain interoperability, enabling PQC security across multiple blockchain infrastructures.
– Integration with enterprise cybersecurity solutions, securing critical Web2 & Web3 ecosystems.

With the DePIN sector expected to reach $3.5 trillion by 2028, Naoris Protocol is positioning itself as the backbone of security and trust for all Web2 & Web3 infrastructures across cloud computing, data storage, and IoT security.

By participating, users not only protect their digital environments but also actively contributing to the creation of a decentralized cybersecurity mesh network, designed to secure the digital world—devices, applications, APIs, and systems—across critical infrastructure, enterprises, governments, and key sectors like finance, defense, healthcare, and Web3. Use cases here.

How the DePIN Testnet works:
Users can now install the Naoris Wallet and operate a Browser Security Node, an advanced cybersecurity tool that will:

– Transforms devices into security validator nodes, providing real-time threat detection and prevention.
– Blocks ads, trackers, phishing attempts, malware and insecure connections.
– Rewards users for their participation in a DePIN community compute model.
– Creates a self-reinforcing ‘Security Hive Mind,’ where all nodes collaborate to mitigate threats.

Join the Post-Quantum DePIN Testnet, visit https://naorisprotocol.network/testnet 

For more information, visit https://www.naorisprotocol.com/
Check out our White Papers

Naoris Protocol is available for investment, interviews and technical demonstrations of their groundbreaking Post-Quantum DePIN solution for Web3 & Web2

Contacts: 
Guy Davies / CMO  guy@naoris.com
Lucas Bonnard / Investment lucas.b@naoris.com

Naoris Protocol announces World’s First Post-Quantum DePIN for Cybersecurity & Digital Trust ahead of Testnet

As the digital world is increasingly threatened by advanced cyberattacks and looming quantum computing challenges, Naoris Protocol unveils groundbreaking technology that revolutionizes digital security through the world’s first Post-Quantum powered Decentralized Physical Infrastructure Network (DePIN) for cybersecurity and digital trust.

Backed by prominent figures including DNS designer David Holtzman, former White House Chief of Staff Mick Mulvaney, and Shanfari & Partners Chairman H.E. Sheikh Thamer Said Ahmed al-Shanfari, this innovative protocol transforms traditional untrusted devices into a decentralized security layer of cyber-trusted validator nodes, eliminating single points of failure that plague centralized security systems.

Decentralized Security: A Necessary Shift Amidst Rising Centralized Failures

The launch comes at a critical time, following the CrowdStrike outages in July 2024 that demonstrated the vulnerabilities of centralized security frameworks. These incidents disrupted global services across aviation, banking, and media sectors, highlighting the urgent need for decentralized security solutions.

“Current centralized models are vulnerable by design,” states David Carvalho, CEO & Founder of Naoris Protocol.”Our protocol decentralizes digital security, where every device becomes a secure validator node as part of a trusted, incentivized layer that uses post-quantum cryptography to create a real time, decentralized validation brain.”

The protocol introduces four key innovations:

  • Post-Quantum Security: Designed to withstand quantum computing, ensuring sensitive data and blockchain infrastructures are protected from next-generation cyber threats.
  • Decentralized Security Layer: Devices actively validate and prove their trusted state in real time, creating a self-reinforcing security layer that scales without weakening.
  • Incentivized Security Model: Devices are rewarded for maintaining security validations across the network to continually reinforce cyber defenses.
  • Real-Time Validation: Continuous verification of node integrity mitigates risks of compromise or collusion, a stark contrast to static and reactive centralized systems.

Impact on Expanding DePIN Ecosystems

With the DePIN market projected to reach $3.5 trillion by 2028, Naoris Protocol positions itself as the critical security DePIN for both Web2 and Web3 infrastructures. As DePIN expands into various industrial applications, the protocol provides essential infrastructure for DePIN ecosystems across cloud computing, storage, wireless and energy, offering unprecedented cyber resilience for community compute network models.

DNS pioneer David Holtzman, serving as Chief Strategy Officer, emphasizes: “Naoris Protocol is not just another blockchain project; it’s the security backbone that enables the entire DePIN sector to thrive safely. This could be the catalyst that propels decentralized infrastructures into mainstream adoption.”

Incentivized Testnet Launch

The upcoming Testnet launch will allow users to participate in stress-testing this revolutionary system. Validating and maintaining security standards, while counteracting threats like phishing and network breaches, the testnet will lay the groundwork to seed a global post-quantum cybersecurity DePIN.

For Testnet participation, visit https://naorisprotocol.network/

For more information, visit https://www.naorisprotocol.com/  Naoris Protocol is available for interviews and technical demonstrations of their groundbreaking DePIN solution for cybersecurity and digital trust.

Check out our White Papers

Stay connected: Twitter | Discord | Telegram | LinkedIn

Contact: 
Guy Davies
CMO, Naoris Protocol
Guy@Naoris.com 

RD Technologies Joins the HKMA Stablecoin Issuer Sandbox

Pioneers Stablecoin Innovation

RD Technologies announced today that its subsidiary, RD InnoTech Limited, has been admitted to the stablecoin issuer sandbox of the Hong Kong Monetary Authority (HKMA). Among the first batch of entities to join the sandbox, RD Technologies will conduct testing for various use cases of its proprietary Hong Kong Dollar stablecoin, “HKDR”, such as digital asset trading and cross-border trade payments.

Today’s announcement represents a major milestone for RD Technologies mission to help develop the financial infrastructure for the Web3 ecosystem in Hong Kong through the issuance of reliable and trustworthy stablecoins compliant with high regulatory standards.

“We are honoured to be amongst the first batch of entities to participate in the HKMA sandbox,” said Norman Chan, Chairman of RD Technologies. “RD Technologies remains committed to the mission of offering innovative solutions to help enrich the financial infrastructure that is essential in building Hong Kong as the Web3 hub of the world.”

“We are excited to be participating in the HKMA’s sandbox arrangement. My team at RD Technologies is fully ready to communicate with the HKMA closely and demonstrate our superior technical capability, robust risk management and user friendly stablecoin solutions that are in compliance with high regulatory standards. RD Technologies will continue to contribute to the development of the Web3 ecosystem in Hong Kong.” said Rita Liu, CEO of RD Technologies.

About RD Technologies:
RD Technologies Group (“RD Technologies”) deploys innovative Fintech solutions to connect the business world by trust. RD Technologies is a unique financial platform that connects the Web2 and Web3 world and market participants through the provision of an HKMA licensed B2B digital wallet for fiat money, which was launched in November 2023, and Hong Kong Dollar stablecoins to be tested shortly under the HKMA sandbox. Based in Hong Kong and facing the world, RD Technologies’ mission is to facilitate cross-border trade and financial transactions through the provision of efficient, safe, and innovative payment solutions for businesses, thereby contributing to the development of Hong Kong as a trade and financial hub in Asia.

The world of Web3 holds great promise for the future, and stablecoins play a crucial role in this evolving landscape. RD Technologies plans to engage regulated exchanges globally as well as payment partners to enable more cost and time-efficient cross-border payments and settlements. By leveraging our strong partnerships with licensed financial institutions, RD Technologies aims to drive the mainstream adoption of HKDR. Additionally, RD will develop innovative use cases that showcase the benefits of compliance, ensuring the safety and security of HKDR to all its users.

For details: https://rd.group

About HKD Stablecoin (HKDR):
HKDR is the Hong Kong dollar stablecoin that RD Technologies is exploring to launch. HKDR’s value will be 1:1 in Hong Kong dollars, and its backing reserves will be made up of high-quality, highly liquid assets safe-kept in a segregated custody account with licensed financial institutions. Details of the reserves will be available to the public through independent third-party attestation reports published on a regular basis.

For details: https://rd.group/hkdr

Media Enquiries:

RD Technologies
Arian WANG
Mobile: (852) 6221 7008
Email: pr@rd.group
Direct email: arian.wang@rd.group

GDA Capital & Coinweb Launch The Next Top Blockchain Startup Competition with a $200k+ Prize Pool to Fuel Innovation and Growth in Web3

ONTARIO, CA, June 20, 2024 – (ACN Newswire) – GDA Capital and Coinweb are excited to launch the “Next Top Blockchain Startup” Competition for Summer 2024, and with multiple developer tracks from blockchain infrastructure partners. The competition boasts an impressive prize pool of $200,000 USD, with more prizes likely to be secured leading up to the event. Over the four weeks of July, entrepreneurs will benefit from an educational program designed to build thriving businesses and will have the opportunity to secure vital funding by pitching their business in a live case competition setting.

The Next Top Blockchain Startup represents a route for new development teams to gain not only funding but also exposure to essential industry relationships and educational content. It is supported by leading protocols, organizations, investors, and a broad network of mentors from academia, enterprises and developer communities from all over the world.

“Guiding the next generation of blockchain entrepreneurs from ideation to realization is more than a mission; it’s a necessity for the industry’s evolution. GDA Capital is proud to be at the forefront of this transformative journey, and to host this initiative that I wish existed while I was at university, and was looking to get more immersed into the international blockchain community” states Michael Gord, Founder and CEO of GDA Capital.

“It is events like these that truly push the industry forward. We at Coinweb are eager to showcase the untapped potential residing within our community, setting the stage for the natural evolution of the internet,” says Toby Gilbert, Co-Founder & CEO of Coinweb Labs. Coinweb Labs, the core contributor of The Coinweb Protocol, the Layer 2 cross-chain protocol, has recently announced a $10M grant for startups building on the platform and has offered a portion of this grant to fuel the event.

This year’s competition revitalizes the industry challenge segment with exhilarating new tracks led by forefront companies in the blockchain space:

  • Interoperability by Coinweb
  • Decentralized Cybersecurity by Naoris
  • Revolutionary Asset Management with the ERC-7621​ Basket Token Standard by Alvara Protocol
  • Web3 Competitive Gaming by Moxy
  • AI Future by a global AI Web3 Launchpad
  • POGE (Proof Of Green Energy) Mining/Blockchain by SolarX

The Next Top Blockchain Startup competition has also partnered with key institutions within the blockchain space, including the Blockchain Education Network, one of the most established bridges between top universities and the Web3 industry. The focus on partnering with these institutions is to bring participation from the brightest young minds around the world, and to inspire the next generation of builders to focus on building web3 applications.

To get involved in this competition as a participant, sign up for free on Devpost.

To get involved as mentor, judge, business partner, sponsor, or investor, reach out to info@nexttopblockchainstartup.com, or directly on twitter.

About GDA Capital

GDA Capital is a leading provider of digital asset investment and capital markets advisory services, specializing in global go-to-market strategies, investor relations, corporate development, community building, and tokenomics. With a team experienced in bringing new technologies to market, GDA Capital plays a significant role in the global digital asset ecosystem.

About Coinweb

The Coinweb Protocol is a groundbreaking Layer 2 cross-chain computation platform that uniquely combines Scalability with Interoperability, setting new standards in the blockchain industry. It enables the seamless operation of decentralized applications across multiple blockchains, effectively merging them into a unified ecosystem.

Source: GDA.Capital

For media inquiries, please contact:
Zephyr@platodata.io

Beyond Centralization: Exploring a New Era at the World Blockchain Summit

The first day of the 29th global edition World Blockchain Summit concluded in Dubai, marked by a surge in enthusiasm for the technology’s future in the MENA region. Hosted at the JW Marriott Hotel Marina, the two-day event brought together industry leaders and innovators, highlighting the seamless integration of blockchain solutions into real-world scenarios.

Despite the challenge due to weather conditions in Dubai, the event attendance was remarkable with its turnout, sparking lively discussions, setting a dynamic course for blockchain’s evolution in the MENA region. True to its reputation, the Summit assembled prominent thinkers and showcased groundbreaking ideas. It provided an unrivaled space for attendees to learn, connect, and forge strategic partnerships.

Day one was marked by rich dialogue, inspiring keynote addresses, and forward-thinking ideas poised to expedite the adoption of crucial blockchain trends across vital economic sectors including finance and supply chain management.

In an inspiring opening address, Naveen Bharadwaj, Trescon’s Group CEO, kicked off the summit with a warm welcome, prepping the audience for an immersive exploration of Web3 and the key issues defining the blockchain world

Wolfgang Grabher, Founder, CEO and Chairman, SUN AG, delivered a keynote on how blockchain technology is revolutionizing the food industry. Addressing how 100 per cent token burn gives you food for free while also shining the spotlight on how falling token prices can be a good thing.

The day also featured a compelling panel discussion on decentralized finance (DeFi), led by Maha Al-Saadi, Head of Regulatory Affairs, QFC Financial Services Sector. The discussion focused on DeFi’s transformative impact on the financial sector and the integration of blockchain technology into its development. Panelists including Neeraj Khandelwal, Co-founder of CoinDCX & Okto; Talal Tabbaa, CEO & Co-Founder of Coin MENA; and Bandar Altunisi, Head of Development for Binance in Saudi Arabia, Head of Institutional Relationships for Binance Dubai (FZE), Binance, explored the synergy between DeFi and traditional finance systems.

A highlight of the day was a lively panel debate titled ‘Crypto Payments Evolution: Charting the Course Through Latest Innovations.’, led by Kevin Soltani, CEO, GIMA group. The discussion focused on the rise of stablecoins while examining the rapid advancements in blockchain interoperability solutions in enabling seamless communication and data transfer between networks. Panelist Jehanzeb Awan, Chairman, Crypto & Blockchain Association, Middle East, Africa & Asia; Miriam Kiwan, Vice President of MEA, the issuer of leading regulated stablecoin, USDC. Circle; Reece Merrick, Managing Director, Middle East & Africa. Ripple, explored the role of CBDCs in reshaping the future of payments.

“We’re excited to bring together leading blockchain minds for another edition of the World Blockchain Summit, shaping the future of the industry.” said Naveen Bharadwaj, CEO of Trescon, “The Summit showcased Dubai’s role as a breeding ground for innovation, driving global blockchain adoption.”

With Day 1 wrapping up successfully, anticipation builds for what Day 2 will unveil. For more details on the World Blockchain Summit, please visit: https://www.worldblockchainsummit.com/

The 29th edition of the World Blockchain Summit is supported by:

Strategic Partners – DIFC Innovation Hub , Dubai AI & Web3 Campus
Co-Host – Sun Minimeal
After Party Sponsor – Floxypay
Gold Sponsors – Cardano Foundation , Medifakt, Crypto2Cash, Anbruggen, Bitflex
Silver Sponsors- Kreation, Coingames, Reat Capital, ACM Finance , Website AI
Lanyard Sponsor- M2
Badge Sponsor – Ledn
Lunch Sponsor – Payper
Bronze Sponsor- BitGo, M2 , Block Convey, Genesis Digital Assets , Hedge , Golfin
Pitch Partners – Reat Capital , soukcola , MeAI , Zherpa , FidesInnova Labs
Exhibitors- DSQ Solutions , Reltime, Qoneqt , C# Corner , Islamic Dinar
Official Accommodation Partner- HotelPlanner
Ecosystem Partner – Entrepreneur Media
Business Broadcast Partner – CNBC Arabia
Official Newspaper Partner- The Fintech Times
Official Digital PR Distribution Partner – ZEX PR Wire
ABM Partner- Demandify
Association Partners- Crypto and Blockchain Association, Blockchain Council, Asia Web3 Alliance Japan, European Blockchain Association
Prime Media Partner- Demandteq
Community Partner – Hyperledger Foundation

About World Blockchain Summit (WBS)

World Blockchain Summit (WBS) is an event by Trescon that supports the growth of the blockchain, crypto and Web3 ecosystem globally.

WBS is the world’s longest-running blockchain, crypto, and web 3-focused summit series. Since our inception in 2017, we have hosted more than 20 editions in 11 countries as we strived to create the ultimate networking and deal flow platform for the Web3 ecosystem. Each edition brings together global leaders and emerging startups in the space, including investors, developers, IT leaders, entrepreneurs, government authorities, and others.

For media Inquiries or partnerships please get in touch with:
Shadi Dawi
PR & Partnerships Director
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BitMask Wallet 0.7.0 Soars: A Quantum Leap in Bitcoin Evolution Surges Over 760,000 Wallets in Just One Month

DIBA Global, backed by industry titans including Draper Associates, ACTAI Ventures, Waterdrip Capital, Martial Eagle Fund, Brad Mills, Rodney Yesep, and others, has sent shockwaves through the Bitcoin industry with the beta release of BitMask Wallet 0.7.0. This marks a historic moment as the user base surpasses 763,623 wallets. This milestone, achieved without any advertising, underscores the community’s trust in DIBA’s commitment to advancing Bitcoin utility.

Worthy of note is the official partnership between DIBA GLOBAL and Satoshi Lab to foster the development and advancement of Bitcoin technology and, as a result, build a better world for all.

Unveiling the Future: BitMask Wallet 0.7.0
BitMask Wallet 0.7.0 is not merely an update; it’s a quantum leap in the evolution of Bitcoin wallets. As one of the pioneers offering first-class support for RGB, the release signals DIBA’s dedication to pushing the boundaries of what’s achievable on the Bitcoin network. The beta version, accessible at beta.bitmask.app, is a glimpse into the upcoming launch of a groundbreaking marketplace for Unique Digital Assets, poised to reshape the digital economy.

BitMask Wallet 0.7.0 is a game-changing release that sets new standards for Bitcoin wallets. With BitMask Core, written in Rust, compiled to WebAssembly, and provides TypeScript bindings, it reflects DIBA’s commitment to technical excellence and delivery capabilities. Visit bitmask-core.io for more information.

Community-Powered Growth: Unleashing Potential
The success story behind BitMask Wallet’s growth is awe-inspiring. No advertising, just relentless innovation. More than 763,623 wallets have been generated by users, with over 201,221 on Bitcoin mainnet, and the remainder spread over testnet, Mutinynet signet, and regtest. Not every user has wallets on every network and many will have used multiple networks. Regtest is primarily used by developers, which suggests significant adoption of BitMask amongst the RGB developer community. The numbers speak volumes about the community’s belief in DIBA’s vision and the utility offered by BitMask Wallet.

The team expresses their sincerest gratitude to BitMask community member and researcher @DaPangDunCrypto, who generously shared news of our innovation and communicated details about RGB smart contracts on Bitcoin with the Chinese community.

Technical Marvel: Metrics and Security
The technical prowess behind these metrics is equally impressive. Utilizing Carbonado, an encoding format developed by DIBA, RGB contract data is securely kept in decentralized storage. End-to-end encryption, powered by a wallet-derived key, ensures utmost security. Data is stored on servers operated by Hut8, with plans to expand storage partnerships, reflecting DIBA’s commitment to robust decentralized infrastructure.

Revolutionary Features of BitMask Wallet 0.7.0
The 0.7.0 release introduces a host of features, including:
-Password Sync in Extension: Enhancing user experience by minimizing password prompts.
– Transfer Batching: Optimizing RGB transfers with fee adjustments for consecutive transactions. This will result in a dramatic reduction in fees for our users.
– Contract Management: Users can now hide unwanted contracts and republish existing contracts to the BitMask Asset Registry.
– User Experience Enhancements: Numerous improvements and bug fixes for a seamless experience.

Future of Bitcoin: A Bold Step Forward
BitMask Wallet 0.7.0 is not just a wallet; it’s a statement. A statement that DIBA is committed to pushing the envelope, introducing features that redefine user experience, and laying the groundwork for the future of Bitcoin. We are still very early.

Join the Revolution: #GOATs Incoming
Follow DIBA’s socials on X* (formerly Twitter) and Nostr** for an impending announcement of Gift of Attendance Tokens (GOATs). The Bitcoin world is watching, and you won’t want to miss this historic moment. Join us as we reshape the digital landscape and usher in a new era of Bitcoin innovation.

*X: @trydiba and @BitMask_App
**Nostr: npub1dlpahda2wchw96pxmszx30hwnq05kh5emg467rtvcay48dgvccwsspm3ul

For media inquiries: DIBA Communications
Anastasia Ilicheva, Anastily@diba.io, https://diba.io
https://beta.bitmask.app, http://bitmask-core.io/