Xangle and CertiK Team Up to Promote Mass Adoption of Web3

LINE NEXT Inc, a U.S.-based Web3 subsidiary of messaging app giant Line Corporation, has made a strategic partnership with ReadON, a global Web3 content provider running a “Read to Earn (R2E)” app called “ReadON DAO.” The service helps users develop routine reading habits by providing tokens as rewards. Photo by GuerrillaBuzz on UnsplashThis partnership will enable LINE NEXT to feature various digital products on its “DOSI,” a global digital commerce platform where users can freely create and trade digital items including NFTs.  In cooperation with ReadON in the marketing and business sectors, LINE NEXT plans to offer a number of innovative products to over one million users of ReadOn.  Various digital collaborative merchandise On Feb. 21, the two companies are scheduled to roll out digital collaborative merchandise inspired by “Catto,” the brand character of ReadOn, with a plan to introduce DOSI x ReadON pass tickets that benefit users of both platforms. Limited edition items offering exclusive perks and tokens that can be used on ReadOn will also soon be available for purchase. ReadOn’s previous digital items have proven to be popular: items introduced in January were sold out within just 10 seconds after they were released, with other items also selling out within 30 minutes over four consecutive days. LINE NEXT is committed to collaborating with ReadON to launch more services that can reach a broader audience. Initiative to make Web3 more accessible to the publicIn a related development, LINE NEXT launched the official web and mobile versions of DOSI in January. Under the initiative to make Web3 more accessible to the public, LINE NEXT strives to expand the range of products available on DOSI.                                                                         

Oasys and XPLA to Host Hackathon Promoting Blockchain InteroperabilityOasys, a Japanese blockchain gaming platform, has teamed up with XPLA, a blockchain project led by Com2uS, a major Korean gaming company, to hold a hackathon focused on blockchain interoperability. The event, named “Beyond Boundaries,” aims to foster innovative ideas that enhance the seamless connection between different blockchain networks.Photo by Fotis Fotopoulos on UnsplashGlobal participation and prizesAs the importance of interoperability between blockchain networks is growing, Oasys and XPLA have joined hands to host this hackathon. Participants from around the world are invited to compete for a total prize pool of $60,000, with both Oasys and XPLA contributing $30,000 each to reward outstanding solutions.Three areas of blockchain interoperabilityThe event will encourage programmers to address three key aspects of blockchain interoperability. Participants can submit proposals for connecting layer 1 nodes through cross-chain protocols, creating plugin programs to bring games and NFTs to the blockchain, and introducing novel ideas to improve the user experience during the KYC verification process.The hackathon will begin on August 18, with the kickoff event and submissions opening on the same day. Participants will have until August 27 to submit their proposals. The finalist announcement is set for August 29, leading up to the highly anticipated Demo Day on September 3, which will take place at Dreamplus Gangnam, a co-working space for startups, in Seoul.The judging criteria for the competition will focus on the compatibility of the proposed solutions with blockchain technology, creativity, business feasibility, and the progress made in development.Last year, Com2uS became an Oasys validator and has revealed plans to deploy their flagship title, “Summoners War: Chronicles,” as a blockchain game on the Oasys platform.Com2uS has been demonstrating its commitment to the blockchain gaming sector. Recently, the Korean game developer’s venture capital arm, CRIT Ventures, made an investment in blockchain game developer Puzzle Monsters, which gained popularity through AFK MMORPG Idle Ninja Online and action role-playing survival game Ninja Survivors Online.

Bithumb Introduces Crypto Data Service Amid Fight for ProfitabilityBithumb, one of the major cryptocurrency exchanges in South Korea, has announced the launch of a new service called Insight, aimed at providing real-time data and analytics about crypto trading. This strategic step is seen as part of Bithumb’s response to address its recent profitability challenges.Market patterns and trendsThe service, as reported by local news agency Yonhap News, leverages customers’ data to deliver market patterns in real time. By utilizing Insight, users can gain access to information such as the top three most-searched cryptos, rankings of price growth over specific periods, and price trends of major cryptos.In addition to these features, Bithumb offers insights into the trading behavior of the largest investors on the platform by showcasing the types and proportions of cryptocurrencies they purchased on the previous day. This functionality enables ordinary investors to gain a glimpse into the strategies employed by these influential players.Bithumb provides indicators that identify cryptos experiencing upward momentum or reaching their lowest points. Users can also access other data, including Bitcoin dominance, which indicates Bitcoin’s market capitalization relative to the overall crypto market cap. Additionally, the service presents information regarding the volatility of recently listed cryptos and those that have been flagged by the exchange as potentially concerning.Photo by Алекс Арцибашев on UnsplashDesktop and Android firstThe service is accessible today starting from 11:00 AM (Korea Standard Time) on desktop and Android. The iOS version is set to be released at a later time.Recent strugglesThe Korean crypto exchange’s move comes after Bithumb Korea, the exchange’s operator, has embarked on streamlining its businesses. Due to difficulties in generating profits, Bithumb Korea shut down its tech solution subsidiary Bithumb Systems, which was responsible for developing blockchain and exchange technology.Prior to that, the Bithumb exchange had closed its research center due to a decline in trading volume, even though the facility had significant value in aiding investors to make more knowledgeable choices.