Recently, Charles Hoskinson, Co-Founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano ($ADA) research and development, explained what he admires about Ethereum and its ecosystem. Hoskinson, who is also one of the original co-founders of Ethereum Foundation (as well as its first CEO), made these comments during a “Surprise AMA” […]

San Francisco, CA, Feb 22, 2022 - (ACN Newswire) - The APIS is a community-owned indexing protocol for reading and writing to public blockchain networks. The protocol's initial product is a fast and powerful one-stop data analysis for Ethereum and its quickly growing layer-two scaling solutions known as rollups. The APIS has reinvented the way non-fungible token (NFT) data analysis works, with both generalized and customized features that allow users to oversee the entire Ethereum-based NFT market.

While funded through decentralized private sales thus far (with participation from 26 countries), The APIS plans to attract public participation from its community through the launch of Liquidity Bootstrapping Pool (LBP) that will start from the 24th of February and end on the 1st of March.

What Is The APIS

The APIS's first product is a one-stop blockchains data analysis platform, allowing users to customize their non-fungible token experience via the aggregation of analytical tools. Users will obtain access to extensive data analytics for digital assets across all public blockchain networks, both layer-one and layer-two scaling solutions. Users can deep dive into their own data or that of others, presented through customized graphics and interfaces. The APIS will expand on their initial product launch through the utilization of their indexing protocol, allowing for additional analytical tools for public blockchain users, such as those pertaining to decentralized finance (DeFi).

The APIS Derivative Token ($API)

Platform users will be able to earn and utilize the $API token to oversee and continue the growth of the network. The $API token is the native token of The APIS protocol, deriving its utility from staking by API Nodes and Gateways (the two parties that enable the decentralized function of The APIS protocol), dispute resolution among any API DAO members, staking by API rollup validators, and the governing of all assets and cash flows obtained by The APIS protocol.

How Can Users Participate in $API LBP

In order to take part in the public launch, users are required to follow three steps. First, click the token page on The APIS website once LBP begins (which has started today). Then, click on the button "Join Balancer LBP," reading and clicking on the disclaimer to accept it. This will take users to $API LPB. Lastly, one needs to connect a compatible Web3 wallet such as MetaMask, Coinbase Wallet and WalletConnect. The important thing to note is that users must already possess a Balancer-supported asset, such as ETH or USDT, in order to participate after finishing the above steps.

Social Links
Twitter: https://twitter.com/TheAPIS_xyz
Discord: https://dsc.gg/theapis
Medium: https://theapisxyz.medium.com/

Media Contact
Brand: The APIS
Contact: Martha Lee, Community Lead
E-Mail: [email protected]
Website: https://www.theapis.xyz/

SOURCE: The APIS

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

Quick Take

• Ethereum has developed a vast but fragmented layer 2 environment. Rollup to rollup bridges are being used to connect different L2 platforms.
• Hop Exchange and Celer’s cBridge are two projects which can transfer assets from L2 to L2.
• Traction for these bridges is growing, but it is still small compared to to the rest of the ecosystem.

Ethereum’s scaling issues and high transaction fees are general knowledge these days for almost anyone in the crypto world. The great thing about having one’s weaknesses exposed in such an open manner is that it also invites others who want to defend and protect it as it undergoes its evolution. ETH 2.0 is the path forward that […]

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BIT Digital's Ha Duong explores how the theme of crypto scalability could evolve over the course of 2022 and beyond.

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Ethereum’s co-founder, Vitalik Buterin, and developer Tim Beiko have been discussing a proposed solution to the data transfer gas problem and current scaling issues. Buterin talked about adding a feature like “blob-carrying transactions” in a “near-future hard fork.” ‘Blob-Carrying Transactions’ The price of ethereum (ETH) has moved northbound during the last two weeks, climbing more […]

The next wave of DeFi will see users utilizing L2 chains, interacting freely or at near-zero cost with newer DeFi applications.

ConsenSys will integrate MyCrypto wallet with MetaMask wallet in order to improve security for its users as we can see further in today’s latest cryptocurrency news. The blockchain software technology company ConsenSys acquired the ETH wallet interface provider MyCrypto in order to integrate it with MetaMask. Announcing the acquisition in an official blog post, the […]

E-Crypto News' update provides the latest articles on technology and cryptocurrencies.

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Continue reading What Are Layer 2 Scaling Solutions? at E-Crypto News.

To say the past year has been monumental for the NFT ecosystem would be an understatement. We witnessed the birth of the NFT bull-run with the demand for profile-pic (PFP) collections like the Crypto Punks and Bored Ape Yacht Club (BAYC) hitting record-breaking sales every other week. We also saw widespread adoption with artists, music […]

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The Polygon blockchain allows for faster, more affordable transactions.

Miami, Florida, January 25th, 2022. This week, NFTY, Inc. announced they have officially launched their utility token and accompanying DeFi protocol on the Polygon Studios ledger.

Polygon's Ethereum-based interoperability and scalability made it a natural extension of the project to reach a broader base of individual participants. While Ethereum is the largest blockchain for NFTs, its high transaction fees have placed the protocol out of reach for many potential patrons and advocates. NFTY aims to provide real solutions to this issue, which our new Polygon deployment further enables.

“We love seeing projects like NFTY coming to the Polygon Network. NFTY's commitment to higher user adoption made Polygon a clear choice and we are so excited to have them as a partner.” - Ishan Negi, Polygon Studio's Operations Lead.

"With Polygon's support, we will now have access to faster transaction speeds and lower gas fees, allowing us to be more attractive to buyers and sellers, especially those looking for fewer barriers to entry. We're excited about the progress $NFTY has made over the past 90 days and the partnerships we've built along the way. Polygon is going to play a huge role in our company's future." - Chris Mills, CEO of NFTY, Inc.

The NFTY dApp can be accessed by connecting to the Polygon RPC and going to https://app.nftytoken.io. For help on how to stake NFTY tokens to start your NFTY journey please check out our video here:

https://www.youtube.com/watch?v=YTO8d3uL5yE 

After being one of the few NFT startups at CES (Consumer Electronics Show) last week, NFTY is gaining traction and building strategic partnerships to grow its community and awareness within the industry quickly. $NFTY is available for purchase on the ApeSwap DEX and the Bitmart exchange.

About NFTY 

NFTY creates a quality validation layer for NFTs by introducing a new group between buyers and sellers. This community of advocates vets NFTs to reward excellence, earning a share of the proceeds, all powered by the NFTY token. Through this unique process, buyers can find trusted collectibles, and creatives can build their reputations through the NFTY advocacy network.

About Polygon

Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon's scaling solutions have seen widespread adoption with 3000+ applications hosted, ~600M total transactions processed, ~60M unique user addresses, and $5B+ in assets secured.

If you're an Ethereum Developer, you're already a Polygon developer! Leverage Polygon's fast and secure txns for your Dapp, get started here.

Website | Twitter | Ecosystem Twitter | Developer Twitter | Enterprise Twitter | Studios Twitter | Telegram | Reddit | Discord | Instagram | Facebook | LinkedIn

About Polygon Studios

Polygon Studios is the Gaming and NFT arm of Polygon focused on growing the global Blockchain Gaming and NFT Industry and bridging the gap between Web 2 and Web 3 gaming through investment, marketing and developer support. The Polygon Studios ecosystem comprises highly loved games and NFT projects like OpenSea, Upshot, Aavegotchi, Zed Run, Skyweaver by Horizon Games, Decentraland, Megacryptopolis, Neon District, Cometh, and Decentral Games. If you're a game developer, builder or NFT creator looking to join the Polygon Studios ecosystem, get started here.

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Don't write off Ethereum just yet. The second-largest blockchain network by market capitalization after Bitcoin has become the dominant venue for some of the hottest cryptocurrency innovations, from decentralized finance (DeFi) to non-fungible tokens (NFT). The network's popularity – and the high fees of transacting on it – has inspired a bevy of competitors aiming…

The post Ethereum Could Hold Lead as Dominant Smart-Contract Blockchain: Coinbase Analysts appeared first on Bitcoin News Miner.