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Produced by Daniel Aharonoff & Mogul Media AI

Neon Machine Revamps SHRAP Token Schedule for Shrapnel

Neon Machine's Strategic Update on SHRAP Token Unlock Schedule In an ever-evolving landscape of blockchain gaming, Neon Machine, the innovative studio behind the notable game Shrapnel on Avalanche, has unveiled a significant revision to its SHRAP token unlock schedule. This strategic adjustment aims to enhance the long-term utility of the token while aligning with the project’s ambitious roadmap. Key Highlights of the Revised Token Unlock Schedule Reduction in April Unlocks : The unlocks for various token holders will be reduced by nearly 75% this April, while community reward pool emissions and ecosystem fund unlocks will proceed as initially planned. Non-Linear Structure : The new schedule introduces a non-linear release structure, starting with a lower unlock rate that is expected to accelerate as the user base and token utility grow. Stakeholder Impact : This revision affects the unlock schedules for team members, advisors, seed token holders, and strategic token hold...
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Produced by Daniel Aharonoff & Mogul Media AI

COTI Foundation's $100M Fund for Privacy Innovation

COTI Foundation's $100 Million Development Fund: A Leap into Privacy-Centric Innovation

The landscape of Web3 is rapidly evolving, and at the forefront of this transformation is the COTI Foundation, which has announced an ambitious initiative to allocate a $100 million development fund aimed at fostering groundbreaking use cases. As digital interactions become increasingly scrutinized for privacy and security, the COTI Foundation’s focus on Multi-Party Computation (MPC) and garbled circuits promises to reshape our understanding of data security in a decentralized world.

Key Use Cases Targeted by the Fund

COTI's development fund is strategically aimed at several critical use cases that align with the overarching goals of enhancing privacy and efficiency. The initiative invites developers to explore innovative applications that hinge on secure data handling, which were previously deemed impractical. Here are some of the core areas of focus:

  • Privacy for Decentralized Finance (DeFi):

    • COTI V2 introduces confidential transactions that enable decentralized applications to protect sensitive information while complying with regulatory requirements like KYC.
    • This layer of privacy not only enhances user trust but also aims to mitigate issues like Miner Extractable Value (MEV) that plague Ethereum DeFi.

  • Dynamic Decentralized Identification:

    • The platform’s architecture allows for secure identity verification without revealing personal data.
    • This capability supports regulatory compliance while enhancing the security of interactions on both Web2 and Web3 platforms.

  • Data Management and Confidentiality:

    • COTI V2 facilitates the encrypted storage and querying of sensitive information, such as medical records, paving the way for safe data sharing across various sectors.
    • By employing garbled circuits, organizations can leverage data without compromising user privacy or intellectual property.

  • Integration with Large Language Models (LLMs):

    • The innovative technology could help large language models, like ChatGPT, utilize user data responsibly, reducing the risk of legal challenges linked to privacy breaches.

The Technology Behind COTI V2

At the heart of COTI V2's offerings is the groundbreaking technology of garbled circuits, a form of MPC that allows computations to be conducted on encrypted data. This ensures that sensitive information remains confidential throughout the process. Key benefits of this technology include:

  • Transactional Confidentiality:

    • COTI V2 delivers a solution that is 250 times lighter and up to 1,000 times faster than existing privacy-preserving alternatives, making it an attractive option for developers.

  • Trustless Transactions:

    • By enabling secure computations without exposing private data, COTI V2 fosters trustless interactions globally, a cornerstone for future Web3 applications.

Call to Action for Developers

COTI Foundation's CEO, Shahaf Bar Geffen, has extended an open invitation to blockchain builders to join the COTI ecosystem. The launch of the COTI V2 Devnet will provide developers with the opportunity to experiment with these advanced features, ultimately leading to the development of innovative use cases. Teams are encouraged to submit proposals for projects that can harness this revolutionary technology.

A Vision for the Future

The COTI Foundation is not merely creating a fund; it is laying the groundwork for an ecosystem that bridges the gap between Web2 and Web3. The potential applications of COTI V2's privacy-centric design are vast and varied, impacting industries from finance to healthcare. As the world embraces a more decentralized future, COTI V2 stands poised to redefine how we secure and utilize data.

The ambition to enhance privacy and security in digital transactions represents a critical evolution in the blockchain space. COTI V2's innovative approach could very well usher in a new era where privacy is a standard rather than an exception, opening up countless possibilities for developers, businesses, and end-users alike.

Additionally, as we navigate this exciting frontier, consider exploring some top-rated products that seamlessly blend technology and lifestyle. For instance, the Il Makiage Woke Up Like This Flawless Liquid Foundation offers a flawless finish, perfect for those long coding sessions or meetings in the digital realm. If you're interested in versatile options, the 4 in 1 Foundation Liquid is a great choice, providing medium coverage with SPF 50+ protection.

Whether you’re diving into blockchain development or simply want to look your best while doing so, the COTI Foundation's new initiatives and these excellent products can enhance your experience in this evolving digital landscape.

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