Startup Rise - Asia News’ Post

The price of STRK, the native cryptocurrency of StarkNet, has increased by 11% in the last day, reaching $2.10. StarkNet is really relieved about this, as the altcoin was heavily pressured to be sold following the STRK token airdrop. The reason for the most recent spike in the price of STRK is that StarkWare, the blockchain startup that created the Layer 2 scaling protocol Starknet, changed the way its token, STRK, is released. StarkWare has made the decision to introduce a more gradual unlocking method for STRK, according to an official release. The firm has lowered the initial token release from 13.4% to 0.64% in response to consumer complaints. This change attempts to address feedback indicating that it would be interpreted as "predatory" if a substantial share of tokens were initially distributed to a small group of people. StarkWare made it clear that early StarkNet contributors and investors' tokens are subject to a lockup period. These groups were extremely important in helping StarkWare with its research and early Starknet development. On April 15th, around 1.3 billion tokens, or one-third of the tokens held by these early investors and contributors, were supposed to unlock. The token launch was originally planned for November 29, 2023 by StarkWare, however it was later postponed by five months to April 15, 2024. As per the updated plan, on April 15, just 64 million tokens—or 0.64% of the 10 billion StarkNet tokens in total—will be unlocked. After then, every month, 64 million more tokens will be distributed. The monthly token release will increase to 1.27% (127 million tokens) on March 15, 2025, and will continue for the next two years. Compared to the original plan of releasing 2 billion tokens throughout the same timeframe, 580 million tokens owned by early contributors and investors are expected to be unlocked by the end of 2024 with the amended unlocking timeline. . . . . #starknet #strk #price #trading #tokens #analytics #cryptostan #thecryptocountry

We're thrilled to announce our follow-on investment in Tanssi Network alongside Scytale Digital KR1 plc SNZ Capital Arrington Capital Hypersphere Ventures and Blockchain Founders Fund. Tanssi Network simplifies the deployment of #appchains by creating a highly modular appchain stack, fostering a permissionless and developer-centric ecosystem. This makes deploying an appchain a process of just a few minutes instead of being time-intensive for development. Tanssi Network grants developers access to a suite of essential infrastructural components necessary for running an #appchain efficiently. This includes everything from bridges and wallets to oracles and indexers. They also offer a shared, #decentralized network of block producers, ensuring better security and data retrievability. This lays the groundwork for robust and reliable #appchains. More here: https://lnkd.in/dUEye_ZY

Just released this week's research piece on zkSync's fundamentals to Token Terminal subscribers, authored by Michael Nadeau. A few months ago, I had the chance to speak with Alex Gluchowski, Co-Founder & CEO of Matter Labs, the development team behind zkSync. We discussed their market positioning and the unique aspects of zero-knowledge rollups. Below is a clip from our chat, where Alex explains the venture dynamics for blockchain networks like zkSync and how they differ from traditional business models: Similarity: zkSync shares a common ground with traditional businesses in having a clear business model, primarily through fee-generated revenue. This aligns with a strong product-market fit and a defined path to profitability. Key Difference: In blockchain networks, the community's role is more critical than in traditional businesses, with community ownership and participation being key due to blockchain's open-source nature. Unlike centralized control common in traditional web platforms, blockchain requires distributed governance rights, emphasizing trust, neutrality, and credible ownership. Investor takeaway: For investors transitioning from web2 to web3, understanding and adapting to this shift in governance and community involvement is crucial. Learn all about the current state of zkSync's product, financials, traction, and 'community activity' aka user retention, here: https://lnkd.in/eEWCUR3M #crypto #fundamentals #blockchain #zksync

The current adoption cycle will be fuelled by the abundance of cheap blockspace. In the wake of Dencun - Ethereum’s most impactful upgrade since “The Merge” - major Layer-2s already saw significant reductions of their median transaction costs: • 𝐁𝐚𝐬𝐞: $0.37 -> $0.03 • 𝐎𝐩𝐭𝐢𝐦𝐢𝐬𝐦: $0.32 -> $0.01 • 𝐀𝐫𝐛𝐢𝐭𝐫𝐮𝐦: $0.39 -> $0.14 Although we can expect to see the fees rise again a bit in the coming weeks, as more Layer-2s will adopt the use of the so-called “Blobs”, Dencun proves that Ethereum eventually can be scaled sufficiently, which enables new applications and business models in its ecosystem: 1️⃣ Truly decentralized trading rails can be built, because orderbook exchanges could be hosted entirely onchain. 2️⃣ Application developers - or even the Layer-2s themselves - could subsidize fees for their users, thereby massively improving the user experience and onboarding to Web3. 3️⃣ Building onchain games and DePIN networks also becomes more viable. This alone opens up new design spaces, making it more appealing for developers to create and for users to migrate onchain - ultimately encouraging them to remain there as well. Consider, for example, a social platform where content creators can publish their works and interact with followers onchain without incurring substantial fees, yet still enjoy the benefits of digital ownership and innovative monetization opportunities offered by Web3. In the end I think a combination of… ➡️ cheaper blockspace ➡️ more seamless onboarding (e.g. enabled by Coinbases’ new Smart Wallets) ➡️ and novel consumer applications   will bring way more people onchain this cycle as in the previous one - delivering them the advantages of Web3 without overwhelming them with the technical complexities of blockchain technology. #Web3 #Blockchain #Dencun #Ethereum

🚀 TON Ecosystem Update: What’s New? 🚀 Exciting things are happening in the TON blockchain ecosystem, and I’m here to keep you updated on all the latest developments. 🔗 TON’s Growing Capabilities Designed with mass adoption in mind, the TON blockchain is built to handle high transaction volumes. It recently demonstrated its strength during the NOT airdrop, managing the increased demand efficiently. However, the surge from DOGS did cause some temporary network disruption. 🐹 In another milestone, Hamster Kombat recently carried out the largest airdrop in crypto history, distributing rewards to an incredible 131 million qualified users. What’s even more impressive is that TON handled this massive event seamlessly, with no issues whatsoever—especially since the #HMSTER airdrop was nearly three times larger than $DOGS'! 💸 Big Investments in TON Further validating its potential, Bitget and Foresight Ventures have committed a $30M investment into the TON blockchain to support its ongoing development and future growth. 💡 TON Nest Program To encourage innovation, the TON blockchain launched the TON Nest Program, a community-backed initiative designed to support early-stage builders. It offers mentorship, workshops, and the opportunity to compete for rewards—helping drive the next wave of blockchain talent. TON is clearly on the rise, continuously evolving and proving its potential. Make sure you stay informed and ahead of the curve! P.S.: What’s your take on the future of TON blockchain? Would love to hear your thoughts! #TONBlockchain #CryptoAirdrop #BlockchainInnovation #CryptoNews #MassAdoption #TONEcosystem #Web3 #CryptoInvesting #BlockchainGrowth #HamsterKombat #CryptoInvestments #TONNest #BlockchainDevelopment #FutureOfBlockchain

Exciting News from the @JoystreamDAO Ecosystem! I'm thrilled to share some fascinating updates about $JOY, the native token powering the JoystreamDAO ecosystem. 💎 What sets $JOY apart? $JOY is not just another token; it's the backbone of Joystream's network security and governance. This token is pivotal for all decentralized applications (dApps) built on the Joystream platform, fueling growth and innovation at every level. 📈 Here are some key metrics: • Price: $0.011761 (1% increase from last week) • Market Cap: $10,865,416 • Circulating Supply: 923,868,915 • Total Supply: 1,062,696,204 • Fully Diluted Valuation (FDV): $12,498,133 With these robust figures, $JOY is positioned to become a cornerstone in the DeFi landscape. Its integration into the Joystream ecosystem ensures that every transaction, governance decision, and innovation is supported by a strong and growing token economy. 📌 Why should you care? As $JOY continues to drive development and secure the Joystream network, it represents a significant opportunity for investors and developers alike. Whether you're looking to invest in a promising token or develop cutting-edge dApps, $JOY offers a solid foundation. Join us in harnessing the power of $JOY and be part of the next wave of DeFi innovation! #JOY #DeFi #Blockchain #Crypto #Innovation #Joystream #CryptoCommunity #TokenEconomics

📣🧑💻 $ZBU Governance Innovation Hackathon at #ETHDenver! We're calling on visionary developers to revolutionize ZBU's blockchain governance. This is your chance to contribute to validator onboarding, staking mechanisms, governance dashboards, referral systems, and token analytics. 🏆 Prizes up for grabs include $20,000 for 1st place, $13,000 for 2nd, $7,000 for 3rd, and $2,000 each for 4th to 8th places. Plus, a grant program offering up to $2 million in ZBU to the most innovative solutions with real-world application potential. 🛠️ What we're looking for: Unique, on-chain MVPs focusing on app development for validators, delegators, and OLPs, user-friendly onboarding and staking flows, governance dashboards, referral systems, and Dune Analytics for ZBU Token. Join us to push the boundaries of what's possible in blockchain technology. Learn more :- https://lnkd.in/dkXrHjWG

𝗧𝗮𝗸𝗲 𝗮 𝗰𝗹𝗼𝘀𝗲 𝗹𝗼𝗼𝗸 𝗮𝘁 𝘁𝗵𝗲 𝘄𝗲𝗯𝟯 𝗳𝗲𝗮𝘁𝘂𝗿𝗲𝘀 𝘄𝗶𝘁𝗵 Vent Finance , 𝗮 𝗽𝗿𝗼𝗺𝗶𝗻𝗲𝗻𝘁 𝗽𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝗻𝘁 𝗶𝗻 𝘁𝗵𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆👏. 𝙏𝙝𝙞𝙨 𝙞𝙨 𝙩𝙝𝙚 𝙞𝙙𝙚𝙖𝙡 𝙢𝙤𝙢𝙚𝙣𝙩 𝙩𝙤 𝙟𝙤𝙞𝙣 𝙞𝙣 𝙤𝙣 𝙩𝙝𝙚 𝙚𝙭𝙘𝙞𝙩𝙚𝙢𝙚𝙣𝙩 𝙞𝙣 𝙗𝙤𝙩𝙝 𝙘𝙤𝙢𝙢𝙪𝙣𝙞𝙩𝙞𝙚𝙨. So, MELD has launched its protocol on the @VentFinance launchpad, and it has already added significant value. Let's go into the details; MELD values user-friendly blockchain experiences. The decentralized proof-of-stake, layer 1 EVM blockchain, Meld, seeks to provide a seamless on-chain experience. ╚ Here's an illustrated instruction to staking $Meld tokens for further earnings. At the moment, Meld has 18 active validators safeguarding the network. 𝙷𝚎𝚛𝚎'𝚜 𝚝𝚑𝚎 𝚜𝚝𝚊𝚔𝚒𝚗𝚐 𝚖𝚎𝚝𝚑𝚘𝚍𝚜👇: ⚡Deposit $Meld tokens into the dApp using the given bridge connection. ⚡Go to the staking tab and discover your tokens under 'Stakeable Assets.' ⚡Choose a pool to stake in; you can swap pools at any moment, irrespective of the lockup duration. ⚡The minimum collateral for a pool is 100,000 $MELD and 2000 AVAX. ⚡Earnings are dispersed across four ratios, each with distinct characteristics: 💡 Liquid staking: No multiplier or lockup. 💡6 months staking: 6 months lockup with 1.2x multiplier. 💡1-year staking: 1-year lockup and 1.75x multiplier. 💡5-year lockup with 3.5x multiplier. 💡Longer lockups and higher stakes result in larger prizes. Participate in the Meld staking pool for a 28% APR. 𝗧𝗮𝗸𝗲 𝗮𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲 𝗼𝗳 𝗼𝘂𝘁 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗰𝗵𝗮𝗻𝗰𝗲 𝘁𝗼 𝘄𝗶𝗻. 𝗦𝘁𝗮𝗸𝗲 𝘆𝗼𝘂𝗿 $Meld 𝗮𝘁 app.meld.com Get connected with the both project from their official website VENT: vent.finance MELD: meld.fi #LaunchPad #Community #Vent #Ventorian

✳️ Exciting Announcement: Vitreus Token (wVTRS) is Now Listed on MEXC Global! I’m thrilled to share that Vitreus’ wVTRS token has officially been listed on MEXC, marking a huge milestone in our journey to revolutionize the blockchain space! This listing opens up incredible new opportunities for both developers and investors, bringing increased liquidity, accessibility, and visibility to the Vitreus ecosystem. For developers, this means a scalable, high-performance Layer-0 blockchain is now more accessible than ever—perfect for building decentralized applications without sacrificing speed, security, or cost-efficiency. For investors, it’s a chance to get in on a cutting-edge platform that’s shaping the future of Web3. To learn more, here is the press release: https://lnkd.in/gXj3vi8e Let’s push the boundaries of decentralized innovation together. #Vitreus #CryptoListing #Blockchain #CryptoInvestors