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Chain Gaming Project [Open Loot] (OL) Launches on Major Platform! Celebration Event Kicks Off, Hype …
Latest Updates on Open Loot Open Loot (OL) is now live on BN Alpha Beta. Eligible users with at least 233 BN Alpha points can claim an airdrop of 1,836 OL tokens starting from June 8, 2025, at 06:00 UTC on the Alpha event page. Note that claiming OL will deduct 15 BN Alpha points. Users must confirm their claim on the Alpha event page within 24 hours; otherwise, the opportunity will be forfeited.Introduction to Open Loot Open Loot is an end-to-end solution for launching games with Web3 econom...
Token Trading Becomes OpenSea's New Growth Engine: Can It Successfully Transform Amidst Token Launch…
Business Transformation: OpenSea is shifting from a traditional NFT marketplace to a full-chain integrated trading platform, with token trading emerging as its new growth driver. On October 15, token trading volume hit a record high of $474 million. Change in Trading Structure: Token trading volume has surpassed NFT trading since mid-September. Over the past 30 days, token trading contributed 56.8% of OpenSea’s annual revenue, with the Base chain being the primary contributor. User Participat...
a16z: A Comprehensive Guide to 7 Token Categories—How to Distinguish Network Tokens from Company-Bac…
As token-based network models become increasingly active and innovative, developers are contemplating how to differentiate between various types of tokens—and which token best suits their business. Meanwhile, consumers and policymakers are also trying to better understand the role and risks of blockchain tokens in applications. To help clarify token categories, this article provides definitions, examples, and a classification framework to understand the seven types of tokens that developers m...
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Chain Gaming Project [Open Loot] (OL) Launches on Major Platform! Celebration Event Kicks Off, Hype …
Latest Updates on Open Loot Open Loot (OL) is now live on BN Alpha Beta. Eligible users with at least 233 BN Alpha points can claim an airdrop of 1,836 OL tokens starting from June 8, 2025, at 06:00 UTC on the Alpha event page. Note that claiming OL will deduct 15 BN Alpha points. Users must confirm their claim on the Alpha event page within 24 hours; otherwise, the opportunity will be forfeited.Introduction to Open Loot Open Loot is an end-to-end solution for launching games with Web3 econom...
Token Trading Becomes OpenSea's New Growth Engine: Can It Successfully Transform Amidst Token Launch…
Business Transformation: OpenSea is shifting from a traditional NFT marketplace to a full-chain integrated trading platform, with token trading emerging as its new growth driver. On October 15, token trading volume hit a record high of $474 million. Change in Trading Structure: Token trading volume has surpassed NFT trading since mid-September. Over the past 30 days, token trading contributed 56.8% of OpenSea’s annual revenue, with the Base chain being the primary contributor. User Participat...
a16z: A Comprehensive Guide to 7 Token Categories—How to Distinguish Network Tokens from Company-Bac…
As token-based network models become increasingly active and innovative, developers are contemplating how to differentiate between various types of tokens—and which token best suits their business. Meanwhile, consumers and policymakers are also trying to better understand the role and risks of blockchain tokens in applications. To help clarify token categories, this article provides definitions, examples, and a classification framework to understand the seven types of tokens that developers m...
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Introduction to Succinct Network
Succinct Network is a decentralized zero-knowledge proof (ZK Proofs) network designed to reduce blockchain validation costs and latency by separating transaction execution from validation. Its core technology, the SP1 zkVM, leverages GPU optimization and efficient recursion to achieve a 10-fold performance improvement while maintaining Ethereum Virtual Machine (EVM) compatibility. By offering truth protection, trustless verification, scalability, and an open ecosystem, Succinct lays the foundation for the next generation of blockchain architecture.
Core Goals of Succinct
Succinct aims to build a "blockchain computation validation factory" that provides efficient and low-cost zero-knowledge proof (ZKP) generation and verification services for projects requiring computational proofs. Through its zero-knowledge proof technology, Succinct enables developers to achieve truth protection and enhance the security and reliability of the blockchain ecosystem. Additionally, Succinct's decentralized "mathematical referee" mechanism allows anyone to submit computational tasks, with the system finding the most suitable prover globally to complete the computation and generate a mathematical proof that requires no re-verification.
Key Challenges Addressed by Succinct
Trust Issues: Succinct introduces the concept of "Programmable Truth," leveraging cryptographic architectures such as cross-chain bridges, multi-signature proofs, and centralized validation nodes to solve trust issues in blockchain.
Core Role of ZK Proofs: Succinct has developed SP1 and provides an integrated proof browser to help developers view and track all proof content, enhancing the usability and transparency of ZK technology.
ZK Proof Supply Chain Issues: The Succinct Prover Network addresses the follow-up issues of ZK technology in the supply chain, driving breakthroughs and development in the ZK proof domain.
Funding Overview of Succinct
Succinct has completed two rounds of funding, raising a total of $55 million. This round was led by Paradigm, with participation from Robot Ventures, Bankless Ventures, Geometry, ZK Validator, and other institutions.
Advantages of Succinct
Truth Protection: Using zero-knowledge proof technology, Succinct provides truth protection for blockchain applications.
Trustless Environment: Verification and confirmation are executed in a trustless environment, eliminating reliance on third-party intermediaries.
Scalability: Combining the latest zero-knowledge proof technology with customized hardware acceleration, Succinct can efficiently handle large-scale data.
Innovative Architecture: Succinct's architecture relies on truth rather than trust, driving the development of blockchain technology.
Open Ecosystem: Committed to building an open proof supply chain with efficient proof generation infrastructure.
Standardized Interfaces: Simplifies the development process and accelerates application deployment.
Cost Advantage: By aggregating proof demands and leveraging economies of scale, Succinct offers competitive pricing.
Future Development of Succinct
Succinct Network is not only applicable to existing ZK applications (such as rollups, cross-chain bridges, and identity verification) but also provides ample room for future innovative applications. With the advancement of Succinct Network, ZK technology will continue to evolve and improve, driving the prosperity and innovation of the blockchain ecosystem.
Introduction to Succinct Network
Succinct Network is a decentralized zero-knowledge proof (ZK Proofs) network designed to reduce blockchain validation costs and latency by separating transaction execution from validation. Its core technology, the SP1 zkVM, leverages GPU optimization and efficient recursion to achieve a 10-fold performance improvement while maintaining Ethereum Virtual Machine (EVM) compatibility. By offering truth protection, trustless verification, scalability, and an open ecosystem, Succinct lays the foundation for the next generation of blockchain architecture.
Core Goals of Succinct
Succinct aims to build a "blockchain computation validation factory" that provides efficient and low-cost zero-knowledge proof (ZKP) generation and verification services for projects requiring computational proofs. Through its zero-knowledge proof technology, Succinct enables developers to achieve truth protection and enhance the security and reliability of the blockchain ecosystem. Additionally, Succinct's decentralized "mathematical referee" mechanism allows anyone to submit computational tasks, with the system finding the most suitable prover globally to complete the computation and generate a mathematical proof that requires no re-verification.
Key Challenges Addressed by Succinct
Trust Issues: Succinct introduces the concept of "Programmable Truth," leveraging cryptographic architectures such as cross-chain bridges, multi-signature proofs, and centralized validation nodes to solve trust issues in blockchain.
Core Role of ZK Proofs: Succinct has developed SP1 and provides an integrated proof browser to help developers view and track all proof content, enhancing the usability and transparency of ZK technology.
ZK Proof Supply Chain Issues: The Succinct Prover Network addresses the follow-up issues of ZK technology in the supply chain, driving breakthroughs and development in the ZK proof domain.
Funding Overview of Succinct
Succinct has completed two rounds of funding, raising a total of $55 million. This round was led by Paradigm, with participation from Robot Ventures, Bankless Ventures, Geometry, ZK Validator, and other institutions.
Advantages of Succinct
Truth Protection: Using zero-knowledge proof technology, Succinct provides truth protection for blockchain applications.
Trustless Environment: Verification and confirmation are executed in a trustless environment, eliminating reliance on third-party intermediaries.
Scalability: Combining the latest zero-knowledge proof technology with customized hardware acceleration, Succinct can efficiently handle large-scale data.
Innovative Architecture: Succinct's architecture relies on truth rather than trust, driving the development of blockchain technology.
Open Ecosystem: Committed to building an open proof supply chain with efficient proof generation infrastructure.
Standardized Interfaces: Simplifies the development process and accelerates application deployment.
Cost Advantage: By aggregating proof demands and leveraging economies of scale, Succinct offers competitive pricing.
Future Development of Succinct
Succinct Network is not only applicable to existing ZK applications (such as rollups, cross-chain bridges, and identity verification) but also provides ample room for future innovative applications. With the advancement of Succinct Network, ZK technology will continue to evolve and improve, driving the prosperity and innovation of the blockchain ecosystem.
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