Osmosis, a blockchain project built with Cosmos tech, has recently introduced a new feature called “Smart Accounts” that enables one-click trading for all users. This feature eliminates the need for tedious wallet approvals, streamlining the trading process and enhancing user experience in DeFi. With the passing of prop 796, Smart Account functionality has been rolled out to all Osmosis users, with more features like Passkeys and Face ID authentication expected to follow.
In a separate development, Galaxy Digital has acquired the assets of CryptoManufaktur LLC, a blockchain node operator, in a move that will significantly increase the company’s Ethereum assets under stake. This acquisition will bolster Galaxy Digital’s staking portfolio and further solidify its position in the crypto space.
Additionally, Shape, a creator-focused layer-2 network on Ethereum, has announced the availability of its testnet with plans to go live in Q3. The network aims to provide an open space for creators to experiment and thrive, with a unique reward mechanism called “Gasback” that shares sequencer fees with smart contract owners. Shape is powered by Optimism and contributes a percentage of sequencer fees to the Optimism Collective to support public goods.
Chainlink has released the Chainlink Digital Assets Sandbox (DAS) to accelerate digital asset innovation within financial institutions. This solution offers ready-to-use business workflows for institutions looking to explore new revenue opportunities, enhance efficiencies, and improve time-to-market in the digital asset space.
Bitrue Ventures has launched a $40 million investment fund aimed at supporting nascent Web3 companies, with a focus on AI, Real World Asset tokenization, GameFi, DeFi, and Decentralized Physical Infrastructure Networks. The fund will provide up to $200,000 in investment funds to individual recipients and offer expertise and support to selected projects.
Furthermore, InfStones, a blockchain infrastructure provider, has launched its node-as-a-service (NaaS) product to facilitate the development of DePIN projects and make blockchain node operations more accessible to mainstream users. This product aims to empower emerging protocols and support the growth of the blockchain ecosystem.
Raise, a payments provider, has partnered with Parity Technologies to enable DOT payments on the Polkadot mobile app at over 1 million stores and websites in the U.S. This integration bridges the gap between crypto and retail, making it easier for users to use DOT for everyday transactions and earn cash back rewards.
Zivoe, a real-world asset credit protocol on Ethereum, has raised $8.35 million in funding to broaden credit access by connecting blockchain liquidity with real-world borrowers. The protocol is set to launch on mainnet on July 31, along with its Initial Tranche Offering (ITO) to bootstrap liquidity.
Nuklai, a layer-1 blockchain for artificial intelligence, has announced the launch of the Nuklai DAO, a decentralized autonomous organization aimed at empowering its community and ecosystem. The DAO will enable community members to have a direct say in the allocation of funds through proposals and votes, fostering greater community-driven governance and collaboration.
In collaboration with Google Cloud and Accenture, Polygon Labs has released a white paper on how Web3 solutions can create high-margin loyalty programs. This initiative aims to enhance user experience, generate new revenue streams for brands, and empower users to actively participate in loyalty programs using Web3 solutions.
Overall, these developments highlight the ongoing innovation and growth in the blockchain and crypto space, with various projects and initiatives paving the way for a more efficient, user-friendly, and decentralized future.