Press Release
KGeN’s Protocol Bridges Web2 and Web3, Accelerating Growth of Kroma
Sep 19th 2024 – Kroma has announced a strategic partnership with KGeN, a decentralized gamer network, to enhance the integration of Web2 gamers into the Web3 space. This collaboration supports Kroma’s ongoing efforts to expand decentralized infrastructure and boost user adoption in emerging markets. KGeN’s approach is designed to streamline the onboarding process for millions of Web2 users through its Economy Protocol, allowing gamers to seamlessly transition to Web3 while owning and monetizing their data. This mission has demonstrated significant success in driving Web3 adoption.
KGeN’s Economy Protocol: Bridging Web2 and WEB3
KGeN’s Economy Protocol is leading the integration of Web3 technology into mobile gaming. By embedding Esports and Loyalty Protocols into established Web2 mobile games, users can participate in blockchain-based activities without disrupting their usual gameplay experience. Players can earn real-world currency via KCash, KGeN’s stablecoin, which is pegged to approximately 0.001 USD, and can be traded within the KGeN platform for further engagement.
This system benefits players by allowing them to monetize their gameplay, while developers see increased engagement and monetization as players participate in events that require KCash. The Economy Protocol integrates directly into games, incentivizing longer play sessions and fostering deeper engagement from the Web2 audience.
Success Case: Masala Express Driving Web3 Engagement
A notable example of this partnership’s impact is the integration of KGeN’s Economy Protocol into Masala Express, a cooking game with over 500,000 monthly active users (MAUs) and 40,000-50,000 daily active users (DAUs). Through the use of KCash and blockchain-based rewards, Masala Express saw a significant boost in player engagement and Web3 adoption:
- A 3x increase in Unique Active Wallets (UAWs) on the Kroma network.
- A 3.15x surge in transaction volumes, contributing significantly to the growth of Kroma’s ecosystem.
Players of Masala Express were able to easily earn KCash for completing in-game tasks, participating in events, and climbing leaderboards. This provided an additional layer of engagement that extended beyond traditional gaming rewards. These results demonstrate how KGeN’s middleware enables the transition from Web2 to Web3 for a large player base, driving user acquisition and blockchain transactions seamlessly without altering the familiar gameplay experience. KGeN’s integration has strengthened its position as a top decentralized app on Kroma, further validating the effectiveness of its Economy Protocol in a live gaming environment.
Setting a Benchmark for Web2 and Web3 Integration
The partnership between Kroma and KGeN highlights the potential for further expansion and adoption of Web3 technology within Web2 gaming ecosystems. By combining Kroma’s decentralized infrastructure with KGeN’s gamer-focused protocols, this collaboration is expected to set a benchmark for future integrations. Both projects remain committed to scaling their efforts, onboarding more gamers to Web3, and fostering increased blockchain transactions, enabling gamers to actively participate in the data economy with full data autonomy.
In the coming months, Kroma and KGeN aim to explore new game genres, expand into additional markets, and introduce more innovative ways for players to engage with Web3 technology, ensuring continued growth and Web3 adoption.
About Kroma
Kroma is Asia’s leading Layer 2 solution, built on the Superchain and dedicated to bringing Web3 to the masses through easy-to-use, engaging, and gamified real-life dApps. It operates the first permissionless L2 validator network, ensuring the security of user assets with ZK fault proofs. Kroma’s original modular ZK proving library, Tachyon, significantly improves proving speed and cost efficiency, ultimately enabling Kroma’s evolution into a zkRollup network.
Website | Twitter | Discord | Github | Medium | Docs | Ecosystem | Brand Kit | Foundation Grant
About KGeN:
KGeN is building a decentralized gamer network that aims to make gamers the owners of their data. Since 2022, it is aggregating millions of micro-gaming communities across emerging markets and on-boarding them to Web3 in order to create the most powerful home of global gamer data & The Kratos Gamer Network (KGeN). At the heart of it is the Proof of Gamer (PoG) engine that allows gamers to build, own, flex & monetise their reputation. Game publishers leverage the product stack to seamlessly engage with relevant gamer cohorts and create meaningful value exchange via the multi- chain gamer network – KGeN. Kratos Gamer Network operates across India, Brazil, Nigeria, SE Asia and MENA.
Website | Twitter | Discord | Substack | Instagram | Telegram | Brand Kit | Docs
Media Contact:
Press contact name: Tani Jeong
Email : Marketing@lightscale.io
Company: Lightscale
Address: Korea/Seoul
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
AIA Labs Introduces AIA Chain: A Game-Changing Blockchain for Financial Transactions
AIA Labs, a trailblazer in blockchain innovation, has officially launched AIA Chain, a next-generation blockchain platform designed specifically for high-performance financial transactions. Fully compatible with the Ethereum Virtual Machine (EVM), AIA Chain integrates cutting-edge technology with unparalleled speed, scalability, and cost-efficiency, making it a leader in decentralized finance (DeFi), blockchain payments, and Web3 infrastructure.
Why AIA Chain Stands Out in the Crypto Ecosystem
AIA Chain is setting new benchmarks in the crypto and blockchain industries, addressing key challenges such as transaction speed, scalability, cost-efficiency, and regulatory compliance. Its unique features make it a compelling choice for developers, institutions, and users seeking innovative solutions in the rapidly evolving world of blockchain technology, cryptocurrencies, and smart contracts.
With the global digital payments market projected to reach $20 trillion by 2030, AIA Chain is strategically positioned to become a cornerstone of blockchain-based payment infrastructure.
Unrivaled Transaction Speed and Low Fees
AIA Chain is redefining the standards for blockchain payments with:
- Over 100,000 transactions per second (TPS): AIA Chain surpasses the performance of major blockchains like Ethereum, Binance Smart Chain (BSC), and Solana.
- Ultra-low transaction costs: At just $0.0002 per transaction, AIA Chain outperforms many leading blockchains, making it ideal for high-frequency use cases such as crypto payments, remittances, and DeFi protocols.
- Meta-transaction mechanism: AIA introduces this advanced feature to lower the barriers for both developers and users, enhancing usability and adoption.
Built for DeFi, Web3, Gamefi, On-chain AI Agent and Beyond
AIA Chain is fully compatible with Ethereum, enabling seamless migration of projects and smart contracts. This makes it an ideal platform for developers building DeFi apps, NFT marketplaces, metaverse projects, and GameFi ecosystems. The platform’s focus on scalability and interoperability ensures that projects can thrive in a rapidly growing Web3 world.
Key Features of AIA Chain
APoS Consensus Mechanism and ISN Architecture
AIA Chain employs Adaptive Proof of Stake (APoS) and a unique Internet Sharding Network (ISN) architecture. These innovations:
- Prevent centralization and whale manipulation, ensuring a fair and secure network.
- Increase transaction throughput and enhance the platform’s decentralization.
- Drive high network activity, making AIA Chain a dynamic and robust ecosystem.
EVM Compatibility and Developer-Friendly Tools
By being fully compatible with EVM, AIA Chain simplifies project migration from blockchains like Ethereum, Binance Smart Chain, and Polygon. The inclusion of AVM (AIA Virtual Machine) provides developers with advanced tools to build scalable and innovative solutions, enabling smart contract deployment and decentralized application (dApp) development with ease.
Scalability and Layer 2 Solutions
AIA Chain supports Layer 2 scaling solutions and cross-chain interoperability, offering developers the tools to create applications that transcend blockchain silos. These features unlock vast potential for DeFi ecosystems, cross-border crypto payments, and enterprise blockchain solutions.
Focus on Compliance and Institutional Adoption
AIA Chain prioritizes regulatory compliance in global markets, providing a secure and legally compliant environment for both institutional and individual users. This focus positions AIA Chain as a preferred platform for enterprise blockchain adoption, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi).
Developer and Ecosystem Support
The AIA Foundation actively supports promising projects with funding, technical guidance, global roadshows, and marketing resources. By fostering developer growth, the foundation aims to build a vibrant, innovative ecosystem that accelerates the adoption of blockchain technology and cryptocurrency worldwide.
Transforming the Blockchain Landscape
AIA Chain’s unique combination of speed, affordability, and developer-friendly features positions it as a transformative force in the blockchain industry. Its applications span:
- DeFi Protocols: Supporting decentralized exchanges (DEXs), liquidity mining, and innovative yield farming strategies.
- Crypto Payments: Optimized for real-time, low-cost transactions in retail and institutional markets.
- Gamefi, Ai-Fi, Memecoin, NFT and Web3 Ecosystems: AIA Chain provides a scalable foundation for Gamefi, Ai-Fi, Memecoin, NFTs, metaverse projects, and decentralized governance applications.
- Enterprise Adoption: With a focus on compliance and scalability, AIA Chain bridges the gap between traditional financial systems and blockchain technology.
About AIA Labs
As the operational backbone of AIA Chain, AIA Labs is committed to fostering a dynamic and inclusive blockchain ecosystem. By providing technical leadership, regulatory insights, and developer support, AIA Labs is empowering a new generation of blockchain applications in DeFi, Web3, and beyond.
Support for Developers:
The AIA Foundation, managed by AIA Labs, offers comprehensive support for promising projects, including funding, technical assistance, and global marketing resources. By lowering barriers to entry, AIA Labs accelerates adoption and innovation within the blockchain space.
Focus on Compliance and Stability:
AIA Labs prioritizes compliance with regulatory frameworks across key global markets, establishing AIA Chain as a reliable platform for institutions and individuals alike, providing a compliant and secure platform for institutions and individuals. This commitment to compliance establishes AIA Chain as a preferred choice for financial applications requiring high-frequency transactions and reliability.
For more information, visit AIA Labs Website.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Tradeview Markets Shines at Finance Magnates London Summit 2024
London, UK, 26th November 2024, ZEX PR WIRE, Tradeview Markets proudly stole the spotlight at the Finance Magnates London Summit 2024, a premier two-day event that brought together the biggest names in the financial industry.
With one of the best-looking booths, Tradeview’s presence was unmatched, attracting more attendees than any other exhibitor at the summit.
A Hub of Connection and Innovation
Tradeview´s team made the most of every moment, engaging with industry leaders, networking with professionals from across the globe, and showcasing cutting-edge technological advancements. Visitors at the booth not only experienced the future of trading but also left with exclusive giveaways—caps, ties, pens, and more—making Tradeview’s stands the ultimate destination at the summit.
Unforgettable Experiences and Star Power
In a highlight that wowed attendees, players from the Leicester Tigers men’s and women’s teams were at booth #31 to meet fans and take photos. This unique collaboration underscored Tradeview’s commitment to blending industry excellence with engaging, memorable experiences.
Adding to the excitement, models and influencers brought energy and style the booth, ensuring that Tradeview was a trending topic throughout the summit. From product demonstrations to interactive sessions, the buzz surrounding Tradeview Markets was electric.
A Bright Future for Tradeview Markets
“Tradeview Markets is thrilled to have been such a pivotal part of the Finance Magnates London Summit 2024,” said Tim Furey, CEO at Tradeview Markets. “This event provided an incredible platform for us to connect with the global financial community, showcase our innovations, and highlight what makes Tradeview a leader in the industry. The response was phenomenal, and we’re excited to continue building on this momentum.”
Looking Ahead
Tradeview Markets remains dedicated to pushing boundaries and leading the way in the financial services sector. With the success of the Finance Magnates London Summit 2024, the company is poised for an exciting year ahead, filled with innovation, growth, and continued industry leadership. Additionally, Tradeview Markets will participate in the Traders Fair in Hong Kong on December 14th.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
China-Europe Industrial Innovation Zone: Creating a model zone for China-EU cooperation
2024 marks the 21st anniversary of establishing a comprehensive strategic partnership between China and Europe, China-EU relations are showing good momentum of consolidation and development. China looks forward to the EU becoming a key partner in pursuing Chinese modernization, sharing opportunities in its vast market, institutional opening-up, and deepening international collaboration.
Wuxi, a core city in the Yangtze River Delta urban agglomeration, has attracted investments from European companies such as AstraZeneca, Bosch, and Siemens since China’s coastal opening up. The city has opened up China-Europe freight train services and direct cargo routes to Europe, fostering deepening economic and trade cooperation—Wuxi High-tech Zone, located in the hinterland of the Yangtze River Delta with convenient transportation links. Since becoming a national high-tech zone in 1992, it has incubated a robust ecosystem of technological innovation, housing numerous postdoctoral workstations, listed companies, and high-tech enterprises. Ranked 4th among China’s top 100 districts for high-quality development and 18th among 177 national high-tech zones, Wuxi High-tech Zone stands out as a beacon of growth.
In November 2023, the Wuxi China-Europe Industrial Innovation Zone was officially launched.
As an open window for China-Europe cooperation, the China-Europe Industrial Innovation Zone aims to promote high-level openness, serving as a platform for sharing opportunities globally, a bridge for deepening EU collaboration, and a forefront for innovation in China-Eu partnerships. By the end of 2023, EU countries states had invested in 166 projects in the Wuxi High-tech Zone, with a total investment of €15 billion. In 2023 alone, these projects generated sales revenue of RMB 118.23 billion and contributed RMB 8.18 billion in taxes.
Spanning a total planned area of 24.5 square kilometers, the China-Europe Industrial Innovation Zone is situated in the Meicun area of the Wuxi High-tech Zone. The core area covers 7.7 square kilometers, with the initial development area along both sides of Xinhua Road spanning 1.15 square kilometers. Anchored in Meicun Street, the zone aims to become a model for China-Europe cooperation, providing a premium platform for the Wuxi High-tech Zone and the city of Wuxi to strengthen international collaboration. The first phase of construction has already reached the structural topping-off stage and is expected to be completed by March 2025.
Building on Wuxi High-tech Zone’s solid foundation of international industrial cooperation, the China-Europe Industrial Innovation Zone adheres to a philosophy of integrated development of science, industry, and urbanization. It is actively developing four international cooperation sub-parks: the China-Germany International Cooperation Industrial Park, the China-France International Cooperation Industrial Park, the China-Switzerland International Cooperation Industrial Park, and the China-Israel International Cooperation Industrial Park.
The China-Europe Industrial Innovation Zone targets an annual output value of RMB 160 billion and tax revenue exceeding RMB 8 billion. It aims to attract at least 30 European “hidden champion” enterprises, including over 10 multinational company headquarters. The zone will construct more than 500,000 square meters of innovation facilities and jointly establish at least three European industrial technology transfer centers. Efforts to attract major China-Europe cooperative projects are being intensified, with key EU-related projects such as Legrand, AML Systems, Schneider Electric, Faurecia, and Siemens accelerating their presence in the zone. The future focus will be on cutting-edge EU technologies and innovations, optimizing industrial structure and layout to position the zone as a leading provincial-level economic development zone, Wuxi High-tech Zone’s preferred industrial destination, and a top-tier international industrial cooperation zone renowned across China and the Yangtze River Delta.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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