Blockchain Innovations: Smartphones, Tokenization, and More

MultiversX Testnet Node on Smartphone

MultiversX, a prominent layer-1 blockchain for next-generation applications, has announced that a tech enthusiast successfully set up a testnet node using a Samsung Galaxy S24 Ultra. This development indicates that blockchain participation might soon be achievable with just a smartphone. The MultiversX team stated, "Traditionally requiring high-performance servers, this experiment suggests that blockchain could become accessible on high-end mobile devices, promoting a more inclusive and democratized network." In a post on X dated October 27, user @MantorMBU remarked that the node is syncing and operating smoothly, although its long-term performance under load remains to be tested.

Gevulot Unveils ZkBoost Consortium

The team behind Gevulot, a decentralized prover layer for the modular stack, has launched the ZkBoost Consortium, which includes 39 leading blockchain companies with a combined fully diluted valuation exceeding $21 billion. The consortium has introduced the ZkBoost API, a significant advancement for decentralization, stemming from Gevulot’s industry-wide Request for Proposal (RFP) aimed at abstracting the proof supply chain. This initiative aims to create a credibly neutral hub-and-spoke model, serving as a unified layer for outsourced ZK computations and enhancing the ZK sector.

BNB Chain Launches Tokenization Solution

BNB Chain, the blockchain ecosystem developed by Binance, has unveiled a new tokenization solution designed to empower individuals and small businesses in the Web3 space. Key features of this solution include:

• One-Stop Tokenization: Users can easily tokenize assets without requiring coding or blockchain expertise.
• Real-World Asset Tokenization: Transform assets such as real estate, art, and commodities into tradable tokens on BNB Chain.
• Company Tokenization: Businesses can collaborate with BNB Chain to issue tokens while adhering to local regulations for seamless asset tokenization across different jurisdictions.

Ozean Partners with Helix for Tokenized Private Credit

Ozean, the RWA yield blockchain initiated by Clearpool, has formed a partnership with Helix, a DeFi protocol that tokenizes private credit and fixed-income offerings. The teams announced that Helix is integrating with Ozean to introduce $100 million in private credit opportunities. Hex Trust, a partner of Clearpool in launching Ozean, will facilitate traditional finance capital access for family offices and investment funds. This collaboration aims to merge Clearpool’s $640 million in RWA lending expertise with Helix's management of $375 million in off-chain disbursements, leading the next phase of on-chain private credit migration.

Pundi AI Launches Testnet for Annotation Platform

Pundi AI, a decentralized AI training platform, has launched the testnet of its decentralized data annotation platform, Pundi AI Data. This initiative aims to democratize global AI data collaboration. The platform allows individuals and organizations to contribute, verify, and curate diverse datasets, with users earning through a "Tag to Earn" model by annotating data for AI training. Blockchain-backed transparency ensures data integrity and trust, furthering Pundi AI’s mission of equitable AI development.

Units.Network Launches Mainnet

Units.Network, developed by Waves founder Sasha Ivanov, has officially launched its mainnet. This layer-1 blockchain protocol enhances security and interoperability without relying on centralized bridges. Utilizing a decentralized re-staking model backed by Waves validators, Units enables interconnected blockchains to share security and resources, creating a scalable framework for DAOs, DeFi, and cross-chain applications. The native token, $UNIT0, is now available on MEXC and Gate.io, serving as both a utility and governance token.

exSat Network Introduces Bitcoin Staking

The exSat Network, a new scaling solution for Bitcoin, has launched the exSat bridge, which introduces Bitcoin staking to its ecosystem. Users can now earn yield on their Bitcoin holdings by staking BTC for wrapped XBTC, which is bonded 1:1 with native BTC. Stakers maintain control over their BTC while supporting network security and earning XSAT, the native token of exSat. Since its launch, the exSat Network has attracted $491 million in total value locked (TVL), ranking fourth on DeFillama, with over 41 validators.

Vlayer Secures $10 Million in Funding

Vlayer, a data-infrastructure project utilizing zero-knowledge proofs, has raised $10 million in funding from various investors, including a16z crypto CSX, Credo Ventures, and Blocktower VC. The team announced that an open alpha launch is imminent, driven by a skilled team of over 20 experts. Vlayer extends Ethereum’s functionality with new Solidity functions and provides smart contracts access to on -chain data, enhancing the capabilities of decentralized applications. The funding will be utilized to further develop the platform and expand its ecosystem.

The developments in the blockchain space highlight the increasing accessibility and innovation within the industry. From smartphone-based nodes to new tokenization solutions and partnerships, these advancements are paving the way for a more inclusive and efficient blockchain ecosystem. As these technologies evolve, they promise to reshape the landscape of decentralized finance and digital asset management.