MULTICHAIN


Associated tags: Cryptocurrency, Ecosystem, CRP, Ethereum, Samsung Anycall, NFT, Fantom

Locations: SINGAPORE, CALIFORNIA

$10M Web3.0 Global Acceleration Program Initiates, launched by Multichain and HK Web3Hub

Retrieved on: 
Friday, April 14, 2023

SINGAPORE, April 14, 2023 /PRNewswire/ -- Multichain has teamed up with the Web3hub, a platform initiated by G-Rocket Accelerator to push the Web3.0 industry forward, to launch a three-month Web3.0 Global Acceleration Program.

Key Points: 
  • SINGAPORE, April 14, 2023 /PRNewswire/ -- Multichain has teamed up with the Web3hub, a platform initiated by G-Rocket Accelerator to push the Web3.0 industry forward, to launch a three-month Web3.0 Global Acceleration Program.
  • Multichain, together with Web3Hub, backed by the Institute of Web3.0 Hong Kong, has successfully brought together key players from the web3 industry in this program, including mainstream blockchains, cloud service, media, etc.
  • It is believed that the collective effort of these partners will benefit the program and lead to its success.
  • With the help of these partners, Multichain offers one million financial support, technology empowerment, and Multichain ecosystem support (88 chains integrated and 3500+ cross-chain bridges supported)

Introducing zkRouter, The Next Evolution in Cross-chain Bridge

Retrieved on: 
Tuesday, January 17, 2023

SINGAPORE, Jan. 17, 2023 /PRNewswire/ -- Multichain launched its latest cross-chain solution - zkRouter. This innovation utilizes ZKP to securely and efficiently connect multiple blockchain networks and enable seamless interoperability. Based on zero-knowledge proof (ZKP), zkRouter allows for the trustless, secure and private transfer of assets and information between different blockchains without revealing sensitive information. While most cross-chain bridges still rely on trust in centralized parties, ZKP can be used to eliminate this need for trust and further decentralized Multichain's cross-chain services.

Key Points: 
  • Zero-knowledge proofs (ZKP) have been fast gaining support as a solution to scaling Ethereum in a more trustless and decentralized manner.
  • One application where ZKP would have a significant use case and impact is in the area of cross-chain bridging.
  • Leveraging on ZKP, the zkRouter is able to leverage on its benefits and introduce them for bridging and cross-chain transfers.
  • Some of the applications of zkRouter will be:
    Cross-chain bridge is the most applicable area for the release of zkRouter.

Multichain launched a boost bribe for $multiBTC LPs, offering further rewards

Retrieved on: 
Saturday, January 14, 2023

Multichain also launched a boost bribe for LPs, offering further rewards in $MULTI.

Key Points: 
  • Multichain also launched a boost bribe for LPs, offering further rewards in $MULTI.
  • The bribe was live for two weeks till 5th January 2023, which increased the liquidity of the pools over $2 million.
  • Multichain is on a mission to interconnect every blockchain ecosystem existing in Defi.
  • multiBTC is an ERC-20 token issued by the Multichain protocol that is pegged to the value of Bitcoin.

Multichain is one year old

Retrieved on: 
Monday, December 26, 2022

SINGAPORE, Dec. 26, 2022 /PRNewswire/ -- Multichain has been a multi-chain industry pioneer and has devoted itself to delivering industry-leading cross-chain services to users since its inception. Anyswap started as a DEX protocol in July 2020. As cross-chain interoperability technologies improved, we realized that Anyswap could deliver more to its community by addressing the growing demand for protocols specializing in cross-chain interaction.

Key Points: 
  • SINGAPORE, Dec. 26, 2022 /PRNewswire/ -- Multichain has been a multi-chain industry pioneer and has devoted itself to delivering industry-leading cross-chain services to users since its inception.
  • To solidify our commitment to delivering the community's needs, we officially rebranded to Multichain on this day last year.
  • So, for our first anniversary as Multichain, let's look back at what we accomplished in the past year and what lies ahead for us and the multi-chain industry.
  • In addition, Multichain also launched the fastMPC testnet in Q2, which opened the Multichain MPC network for open participation, further decentralizing the network.

Multichain makes leaps in the development of the multi-chain ecosystem

Retrieved on: 
Monday, August 15, 2022

Primitive cross-chain technologies are limited to cross-chain token transfers, but anyCall can transfer arbitrary information across supported chains.

Key Points: 
  • Primitive cross-chain technologies are limited to cross-chain token transfers, but anyCall can transfer arbitrary information across supported chains.
  • The messages through anyCall are secured by Multichain's SMPC nodes , which already secure assets worth billions of dollars.
  • The multi-chain ecosystem is inevitable, the Dapps that do not adapt to this market shift will soon be replaced by new ones.
  • Multichain, born as Anyswap on the 20th of July 2020, is positioned as a fully decentralized Cross-Chain Router Protocol (CRP), an infrastructure supporting a multi-chain ecosystem.

Multichain Released veMULTI Q3 Rewards - 1.36 million to be distributed in USDC

Retrieved on: 
Tuesday, July 19, 2022

Meanwhile, the veMULTI Q2 rewards distribution has concluded, with a total of $3,901,975.04 from Multichain Q1 bridge fee paid out.

Key Points: 
  • Meanwhile, the veMULTI Q2 rewards distribution has concluded, with a total of $3,901,975.04 from Multichain Q1 bridge fee paid out.
  • veMULTI NFT holders can earn USDC rewards from Multichain bridge fees and participate in the governance by staking MULTI, the governance token of Multichain.
  • According to the veMULTI proposal , except for the 10% bridge fees for the purpose of the Safety Fund, 45% of Multichain bridge fees are distributed as incentives and dispersed every quarter in USDC.
  • This proportion of bridge fees from Q2 2022 are distributed in Q3 2022 as rewards, starting from July 14th at 2:00 AM UTC.

Multichain Launched fastMPC Testnet Program

Retrieved on: 
Thursday, June 23, 2022

SINGAPORE, June 22, 2022 /PRNewswire/ --From Apr 26 to Jun 6, Multichain 's fastMPC Testnet Program was live.As of June 6, a total of 122 nodes signed up for the fastMPC testnet.

Key Points: 
  • SINGAPORE, June 22, 2022 /PRNewswire/ --From Apr 26 to Jun 6, Multichain 's fastMPC Testnet Program was live.As of June 6, a total of 122 nodes signed up for the fastMPC testnet.
  • Secure Multi-Party Computation (MPC) network is the core technology underpinning Multichain, also the key to Multichain security model and mechanism.
  • The purpose of the testnet program was to enhance the functional stability of the nodes for distributed computation in an extranet environment, and to validate all the technical and cryptographic designs of fastMPC to facilitate a seamless migration to the fastMPC mainnet, where all Multichain cross-chain bridge, router, and anyCall may operate smoothly and efficiently.
  • Multichain is planning a phase 2 program with fastMPC to further optimize fastMPC network, which is expected to live very soon.

Multichain released one-stop cross-chain gas swap powered by anyCall

Retrieved on: 
Tuesday, May 24, 2022

SINGAPORE, May 24, 2022 /PRNewswire/ -- Multichain announced Fiver For Gas, another scenario powered by its V4 product anyCall.

Key Points: 
  • SINGAPORE, May 24, 2022 /PRNewswire/ -- Multichain announced Fiver For Gas, another scenario powered by its V4 product anyCall.
  • Fiver For Gas is a one-stop cross-chain gas swap that enables the direct swap from users' DAI on source chain to gas tokens on destination chains.
  • How does Fiver For Gas make one-stop cross-chain gas swap possible?
  • With the launch of anyCall, a generic cross-chain messaging protocol, Multichain takes cross-chain interoperability to the next level.

Multichain Launched Official veMULTI Mainnet

Retrieved on: 
Monday, May 9, 2022

SINGAPORE, May 9, 2022 /PRNewswire/ -- Multichain announced its official launch of veMULTI mainnet on May 9th, 2022.

Key Points: 
  • SINGAPORE, May 9, 2022 /PRNewswire/ -- Multichain announced its official launch of veMULTI mainnet on May 9th, 2022.
  • MULTI holders are now able to mint veMULTI NFT and are entitled to vote on Multichain community proposals.
  • Multichain bridge fees of Q1, 2022 ($ 3,901,975.04) will be distributed in USDC over the following 9 weeks.
  • To foster the long-term growth of multiDAO, Multichain launched the veMULTI proposal.

Hundred Finance: Building Cross-chain Mirroring with anyCall

Retrieved on: 
Tuesday, April 26, 2022

SINGAPORE, April 25, 2022 /PRNewswire/ -- Multichain and Hundred Finance co-announced cross-chain mirroring empowered by anyCall.

Key Points: 
  • SINGAPORE, April 25, 2022 /PRNewswire/ -- Multichain and Hundred Finance co-announced cross-chain mirroring empowered by anyCall.
  • anyCall protocol is a recently-released framework by Multichain for sending messages and calling contracts across chains.
  • With anyCall, veHND holders are now able to more effectively participate in protocol governance by simply and cost-effectively transmitting data on their balances between chains.
  • Due to anyCall catering to Ethereum, Arbitrum, Fantom, Harmony, Moonriver, Gnosis, Optimism and Polygon (with BSC and Avalanche also supported), the mirroring of veHND balances is rolled out throughout the Hundred Finance network.