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Bitlayer announces the shortlist for the first phase of the developer acceleration program, with 11 projects advancing to the final selection

ChainCatcher news, the Bitcoin native Layer 2 project Bitlayer has announced the preliminary shortlist for the first phase of its Developer Acceleration Program (Booster Grants Program), with a total of 11 projects passing the preliminary selection and entering the final selection stage.The Bitlayer Acceleration Program is part of the developer airdrop initiative Ready Player One, primarily aimed at ecological projects that are planned or have been deployed to Bitlayer. Starting from September 12, 2024, the Bitlayer Foundation will select outstanding ecological projects from the registered projects each month, with a maximum allocation of ecological incentives valued at $1 million.Currently, Bitlayer has officially announced the list of projects that passed the preliminary selection in the first phase, covering multiple sub-tracks such as BTC-Fi, AI, and gaming, which are:RollDex: A Bitcoin native perpetual contract and derivatives trading platform within the Bitlayer ecosystem.bullishs: The first full-chain advertising gaming platform using seamless trading technology.Cygnus Finance: The first modular real yield layer that combines non-EVM systems with the EVM ecosystem.DeAgentAI: A decentralized artificial intelligence agent incentive protocol that allows users to create and deploy their own AI agents.Desyn: A decentralized asset management protocol that allows users to create and manage customized portfolios based on liquidity pools through smart contracts.Fun Worlds: A Web3 gaming empowerment platform aimed at building a DAO-governed Web3 value interaction platform.Jasper Vault: A decentralized options protocol designed to provide users with intuitive, simple, and secure options products.Trusta Labs: Building a Web3 authentication system that combines PoH, reputation, and credit infrastructure.Umoja: Provides algorithmic trading liquid staking tokens Smartcoins based on BTC, ETH, and SOL, using DeFi strategies to achieve specific risk returns.UXUY: The first self-custodial multi-chain wallet based on Telegram, now live and supporting third-party Bot connections.Xenobunny: A pioneer in on-chain gaming and guilds.

First Digital CEO: Hong Kong should accelerate cryptocurrency regulation

ChainCatcher news, according to Cointelegraph, the Hong Kong-based stablecoin issuer First Digital Trust stated that Hong Kong should accelerate its regulation in the digital asset space to avoid falling behind in the rapidly evolving industry. Although Hong Kong is committed to becoming a global cryptocurrency hub, currently, there are only two virtual asset trading platforms, Hash Blockchain and OSL Digital Securities, that hold full licenses, while many other exchanges are still waiting for comprehensive operating licenses.First Digital CEO Vincent Chok stated in an interview that it is understandable for Hong Kong to adopt a more conservative and slow approach to trading regulation, as it prioritizes investor protection. However, he pointed out that he hopes to see regulatory acceleration to ensure that the region does not lag behind the pace of industry development. First Digital Trust believes that Hong Kong is not yet ready to regulate dollar-backed stablecoins, while Dubai has taken a more global approach. Chok expressed anticipation for Hong Kong to introduce regulations for dollar-backed stablecoins in the near future.Additionally, Chok does not believe that banks will be eager to provide digital asset custody services, as it exceeds their risk tolerance. Many companies have already established trust structures to offer cryptocurrency custody services.

a16z Crypto announced the 21 selected companies for the Fall Crypto Startup Accelerator (CSX), including PIN AI, Dot, and others

ChainCatcher news, a16z Crypto announced the 21 selected companies for the 2024 Fall Crypto Startup Accelerator (CSX) program. The companies cover various aspects of the crypto tech stack, including AI, DeFi, infrastructure, as well as consumer applications like photo sharing and maps. The 21 selected companies include:Anera Labs: Building infrastructure to unify all on-chain liquidity;Banyan: Bridging communication gaps at work using AI to bring clarity to enterprises;Blocksense: Supporting the creation of oracles that leverage internet data and CPU/GPU computation;Cork Protocol: A risk pricing protocol that accelerates on-chain credit;Dot: Transforming user-generated pixel art into game elements for on-chain games;Fermah: Building a universal zero-knowledge proof generation layer;Future Primitive: Creating a new home for internet photo enthusiasts;Kuzco: LLM inference marketplace;MeshMap: Building a 3D map of the world and an AR content network;Opacity Labs: Private verification of web2 data through zkTLS;OpenGradient: Building a blockchain designed to bring world computation on-chain;PIN AI is building an open personal AI platform (data + agents);Pod: A new L1 primitive, leaderless and blockless, relaxing the concept of transaction total order;Sekai: Easily create, share, and monetize interactive narratives;Skyfire: An open payment protocol that enables AI agents to pay for anything;Suave: Enabling DApps to accept any token from any wallet on any blockchain;t1: Real-time proof generation, unifying Ethereum;TACEO: MPC cryptographic computing for Web3;Term Labs: A DeFi lending platform matching fixed-rate borrowers and lenders;vlayer labs: Trustworthy verifiable data infrastructure powered by zero-knowledge proofs;zkSpin: Building a highly parallel blockchain to run high-demand DApps on-chain;a16z CSX will invest at least $500,000 in each selected company. The program will take place in New York City over an 8-week training period, where selected companies will gain firsthand experience from top crypto founders, receive guidance and support from the a16z crypto investment and operations team, and connect with other companies and the broader a16z network.
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