Daniel (DANIEL) news

Succinct (PROVE): Decentralized Zero-Knowledge Proof Infrastructure

Succinct is building a decentralized prover network that enables anyone to build blockchain applications and infrastructure secured by cryptographic facts rather than trust. Founded in 2022 in San Francisco with $55 million raised from Paradigm, Robot Ventures, and Bankless Ventures, the platform provides highly available proof generation infrastructure for rollups, coprocessors, and other applications using zero-knowledge proofs. PROVE will soon be available on Bitget! What is Succinct (PROVE)? Succinct offers a platform focused on zero-knowledge proofs, allowing users to generate proofs locally or utilize their prover network called SP1 for high performance. The platform operates a decentralized Prover Network - a two-sided marketplace where anyone can request proofs for software verification, and hardware operators can become provers to earn rewards. Succinct addresses scalability, privacy, and verification challenges in blockchain applications by making zero-knowledge proof creation and verification efficient and accessible. The SP1 zkVM enables developers to write code in standard programming languages like Rust and generate zero-knowledge proofs automatically. Core Innovation: Succinct unifies the proof supply chain, providing highly available proof generation infrastructure and competitive pricing for rollups, coprocessors, and other applications using zero-knowledge proofs, without requiring developers to have cryptography expertise. Who Created Succinct (PROVE)? Succinct was co-founded in 2022 by Uma Roy and John Guibas, bringing expertise from cryptography, systems, and blockchain development. Key Team Members: ● Uma Roy (Co-founder & CEO): Background in mathematics and computer science with research at MIT and roles at Google Brain, Citadel, D.E. Shaw, and Gantry. Featured in Forbes 30 Under 30 for her work in blockchain and cryptography, focused on making zero-knowledge proofs accessible to developers. ● John Guibas (Co-founder): Focused on building proof-based systems and advancing protocol infrastructure for scalable zero-knowledge proofs within the blockchain ecosystem. ● Kshitij Kulkarni (Head of Protocol Research): Develops core architecture and cryptographic protocols behind Succinct. ● Matt Stam (Founding Engineer): Contributing to initial technical foundation and development. The team consists of 33 members across development, business development, and marketing, mostly based in the United States. Team members bring experience from MIT, Google Brain, and leading hedge funds in cryptographic research and distributed computing. What VCs Back Succinct (PROVE)? Succinct has raised $55 million across multiple rounds from top-tier venture capitalists. Funding Breakdown: ● Seed Round (January 2023): $12 million, $200 million valuation, led by Paradigm ● Series A (March 2024): $43 million, $937.5 million valuation, led by Paradigm Major Venture Capital Backers: ● Paradigm (Lead investor in both rounds) ● Robot Ventures ● Standard Crypto ● Bankless Ventures ● Geometry ● ZK Validator ● Gnosis VC Notable Angel Investors: ● Sandeep Nailwal (Polygon co-founder) ● Elad Gil ● Sreeram Kannan (EigenLayer) ● Daniel Lubarov (Polygon Zero) ● John Adler ● Tarun Chitra ● Jacob Arluck (Celestia) How Succinct (PROVE) Works Succinct operates through core technologies that make zero-knowledge proof generation accessible and scalable: SP1 zkVM and Prover Network SP1 is an open-source, high-performance virtual machine that converts standard Rust or C++ code into zero-knowledge proofs. The decentralized network operates as a competitive marketplace where proof requests are matched to specialized "provers" who generate proofs for any software task. Multiple provers compete to fulfill requests, driving efficiency and cost reduction while maintaining decentralization. OP Succinct Technology OP Succinct enables chains to upgrade from optimistic to ZK validity rollups with minimal code changes. This technology replaces slow fraud-proof windows with immediate ZK proof-based security and faster withdrawal times. Cross-Chain Verification SP1 proofs can be verified across Ethereum, Solana, Layer 2s, web browsers, and mobile platforms, enabling trustless infrastructure for cross-chain messaging, data bridges, and oracles. You can access the platform at succinct.xyz with comprehensive documentation available at docs.succinct.xyz. Succinct Token (PROVE) and Economics The PROVE token serves as the native utility and governance token powering the Succinct Prover Network. Token Details ● Token Name: PROVE ● Token Symbol: PROVE ● Total Supply: 1,000,000,000 tokens (1 billion) ● Blockchain Deployment: ERC-20 on Ethereum ● Contract Address: 0x6BEF15D938d4E72056AC92Ea4bDD0D76B1C4ad29 ● Initial Circulating Supply: 20% (200 million tokens) Source - WHALESPro Token Distribution ● Core Contributors: 29.46% (0% at TGE, 12-month cliff, 48-month linear vesting) ● Ecosystem & R&D: 25.00% (0% at TGE, 12-month cliff, 36-month vesting) ● Incentives: 15.00% (33.33% at TGE, 12-month cliff, 36-month vesting) ● Investors: 10.54% (0% at TGE, 12-month cliff, 48-month linear vesting) ● Foundation: 10.00% (50% at TGE, 12-month cliff, 36-month vesting) ● Initial Launch: 10.00% (100% at TGE) Token Utilities ● Payments: Compensate provers for generating zero-knowledge proofs ● Staking: Provers must stake PROVE to participate in proof requests, securing the network ● Governance: Token holders propose and vote on protocol upgrades and network parameters ● Network Security: Support distributed proof generation infrastructure ● Delegation: Stake with provers to earn rewards and help secure the network Potential Token Holders ● Airdrop Allocation: 3%-5% of total supply planned for airdrops ● Target Recipients: Testnet users, developers, and other Layer 2 addresses ● Community Size: 242K Twitter followers, 196K+ Discord members with over 1,000 daily active conversations Why Succinct? Traditional zero-knowledge proof systems face barriers around accessibility, cost, and technical complexity. Succinct addresses these challenges: Experienced Leadership: Founded by Uma Roy (Forbes 30 Under 30, MIT/Google Brain background) and John Guibas, with team expertise from MIT, Google Brain, and leading hedge funds. Strong VC Backing: $55 million raised from Paradigm across multiple rounds, with Paradigm's history of backing successful projects like dYdX, Optimism, Blur, and Blast. Active Community: 242K Twitter followers and 196K+ Discord members with over 1,000 daily active conversations, demonstrating strong developer and user engagement. Developer Accessibility: SP1 zkVM enables developers to use familiar programming languages (Rust, C++) without cryptography expertise, lowering barriers to ZK adoption. Live Infrastructure: Platform adopted by projects including Celestia, Wormhole, Lido, Avail, Near, and Gnosis, demonstrating real-world utility. Strategic Partnerships: Integrations with Polygon, Mantle, Wormhole, Avail, and other major blockchain projects show ecosystem adoption. Global Reach: Website traffic from diverse regions including Indonesia (27%), Turkey (16%), Korea (11%), and Ukraine (10%), indicating international adoption. Succinct democratizes zero-knowledge proof technology through accessible developer tools, decentralized infrastructure, and active community engagement across leading blockchain projects. PROVE Goes Live on Bitget We are thrilled to announce that Succinct (PROVE) is listed in the Innovation Zone. Check out the details below: Trading Available: 5 August 2025, 17:00 (UTC) Withdrawal Available: 6 August 2025, 18:00 (UTC) Trade PROVE/USDT on Bitget! Contract Address (Ethereum): 0x6BEF15D938d4E72056AC92Ea4bDD0D76B1C4ad29 Community Links: Website | Twitter | Discord | Documentation Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Aethir (ATH): Journey Towards Democratizing Access to GPU Resources

What is Aethir (ATH)? Aethir (ATH) is a platform that transforms the traditional ownership, distribution, and utilization of enterprise-grade graphical processing units (GPUs). GPUs are essential for many high-tech operations, including artificial intelligence (AI), machine learning, and cloud gaming. However, with the AI boom, the demand for high-performance GPUs has skyrocketed, causing a significant shortage that impacts costs and availability. This shortage affects various industries reliant on these technologies, from gaming to the Internet of Things (IoT). Aethir offers a solution to this problem. By aggregating and redistributing underutilized GPUs from data centers, enterprises, cryptocurrency mining operations, and consumers, Aethir maximizes GPU utilization. This approach not only increases the availability of GPU computing power but also reduces costs and democratizes access to advanced computational resources. Who Created Aethir (ATH)? Aethir was founded by a team of seasoned professionals with extensive experience in the gaming, Web3, and technology sectors: ● Daniel Wang (Co-founder CEO): Daniel has held significant roles at IVC, YGG E2, Riot Games, and Riot Games China. His expertise in the gaming and Web3 industries makes him a formidable leader for Aethir. ● Mark Rydon (Co-founder CCO): Mark has an impressive background with roles at NOTA Platform, Flux Capital, Gaas LTD, Kulture Athletics, Inc., and Bechtel Corporation. ● Kyle Okamoto (CTO): Kyle’s experience includes being the CEO General Manager at Ericsson's IoT, Automotive, and Security businesses, CEO of Edge Gravity, and Chief Network Officer at Verizon Media. ● Paul Thind (CRO): Paul co-founded and served as CEO at Triggerspot Inc and has advised Creadits and Trick Studio. This experienced team brings a wealth of knowledge and expertise to the development and execution of Aethir's innovative platform. What VCs Back Aethir (ATH)? Aethir has garnered significant support from notable venture capital firms, including IVC, Animoca Brands, Gate.io, Bybit, Hashkey Group, etc. These firms’ investments underscore the confidence in Aethir's potential to revolutionize the cloud computing industry and address the pressing issue of GPU shortages. How Aethir (ATH) Works Two-Pronged Strategy Resource Pooling Owners contribute their underutilized GPUs to Aethir's network, forming a collective pool of potent computing resources. This democratizes access to advanced computational power and significantly reduces costs. Decentralized Ownership Aethir transcends traditional ownership structures by enabling distributed resource possession. This fosters a more equitable technological landscape and opens new economic opportunities for participants. Architectural Design Aethir's operation revolves around three essential roles: Containers, Indexers, and Checkers. These roles work together to ensure the smooth functioning of the platform: ● Containers: The core of Aethir's network, Containers deliver real-time, remote rendering services, which are crucial for a seamless cloud experience. They execute and render applications, ensuring that tasks such as game rendering are performed efficiently and with minimal latency. ● Indexers: These act as matchmakers, connecting users with the most suitable Containers based on various criteria like performance, latency, and cost. Their goal is to ensure that cloud-based applications launch quickly and operate smoothly, providing the best possible user experience. ● Checkers: Responsible for maintaining the integrity and performance of Containers, Checkers verify the specifications and quality of services provided by the Containers. They conduct random checks and assess services during different states to ensure compliance with the network's standards. By integrating these roles into its architecture, Aethir creates a robust ecosystem capable of tackling the most demanding computing tasks. ATH Tokenomics Central to Aethir's ecosystem is the ATH token. With a total supply of 42 billion tokens, ATH serves multiple purposes within the platform: ● Transactional Utility: Acts as the standard medium of exchange within Aethir, facilitating transactions for processing power. ● Governance and Participation: Empowers token holders to propose, discuss, and vote on platform changes, ensuring decentralized governance. ● Staking: New node operators stake ATH tokens as an initial commitment, aligning participants with the platform's objectives and serving as collateral against misconduct. ● Diversified Application: The ATH token is designed for a wide range of applications. With future integrations like merge mining and integrated marketplaces, ATH's utility is expected to expand, which means that its adaptability and relevance will increase. ATH Goes Live on Bitget Aethir represents a significant leap forward in cloud computing technology. By leveraging underutilized GPU resources and implementing a decentralized, efficient network structure, Aethir aims to meet the growing demands of AI, ML, and cloud gaming industries. Supported by a robust team of industry experts and substantial venture capital investment, Aethir is well-positioned to reshape the landscape of cloud computing. The ATH token plays a pivotal role in this ecosystem, facilitating transactions, governance, and staking, while also providing diverse applications. With its strategic tokenomics and innovative approach, Aethir is set to drive economic and technological advancements in the global GPU cloud economy. By trading ATH on Bitget, you directly contribute to the growth and adoption of Aethir's decentralized infrastructure. Explore the potential of ATH as it fuels innovation and drives the future of cloud computing. ATH on Bitget Pre-Market ATH is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it! To use Bitget Pre-Market, follow these simple steps: ● Step 1: Go to the Bitget Pre-Market page. ● Step 2: ○ For Makers: ■ Choose the desired token and click on ‘Post Order’. ■ Specify Buy or Sell, enter price and quantity, review details, then confirm. ○ For Takers: ■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm. ■ Note: Partial completion is not allowed. For more specific information on how to get ATH tokens on Bitget Pre-Market, check out the announcement here. Get ATH on Bitget Pre-Market now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Leverage Your First-Mover Advantage With Fusionist (ACE) On Bitget

What Is Fusionist (ACE)? Fusionist (ACE) might be the biggest Web3 game you will see before 2023 ends. Let's talk about the team first: Fusionist is the work of a team led by Ike T, who has 17 years of experience in the gaming industry including Tencent and Moonton Games, and Daniel Fang, former Operation Manager at Tencent. The team clearly knows their stuff - they deliver an independent AAA game that received US$6.6 million in seed funding from Binance Labs and FunPlusGames last year. How Fusionist (ACE) Works Fusionist and the Endurance blockchain Fusionist developers don't go on that track of creating a game, dubbed it Web3 by introducing a token and an NFT collection. To launch their Web3 game, the team found a way to develop a robust ecosystem for the game, which then led to the genesis of the Endurance blockchain. Endurance is an Ethereum sidechain upgraded from the original user engagement reward system Alpha Prestige that keeps an on-chain record of all users' actions and achievements. Keywords for Endurance are 'Engage To Earn', meaning users are encouraged to be active participants of the Fusionist ecosystem to improve security, privacy, transparency, and of course their earnings as well. The number of wallets on Endurance is nearing 2 million, and Fusionist is already available on Steam. The current roadmap is as follows: • Q1 2024: Focus on Endurance L2 named OP-Endurance (chain launch, exclusive game title launch, partners' game listing) • Q2 2024: Focus on Fusionist Official Launch and Endurance mainnet's upgrade to support ZKP • Q3 2024: The goal is to feature at least 20 products NFT collections The first Fusionist NFT collections, Alpha Prestige and Bi-Mech, are already dropped on OpenSea and Binance NFT M arketplace, with the former's floor price being 12.5 ETH and the latter's US$1,030. Fusionist has also completed an airdrop in cooperation with Cryptopedia of OKX wallet with 1,000 domain name registrations, therefore the number of total Fusionist NFT holders must be at least 2,000. The ACE token ACE is the single native token of Endurance. Up until now, only qualified participants of the Fusionist ecosystem have earned their ACE tokens for free. Bitget is proud to be the first leading exchange to list ACE in our Bitget Innovation Zone, the home to many big projects' tokens. The total supply of ACE is 147,000,000, with only 1.47 million unlocked in the first 60 days to avoid market manipulation and unwanted circumstances. The allocation of ACE can be found below: • 15% of the total supply or 22,050,000 ACE for the team • 22.5% of the total supply or 33,075,000 ACE for investors • 11.6% of the total supply or 17,052,000 ACE for the Ecosystem Fund • 27% of the total supply or 39,690,000 ACE for the Incentive Pool • 9% of the total supply or 13,230,000 ACE for the Treasury • 3.5% of the total supply or 5,145,000 ACE for marketing purposes • 11.4% of the total supply or 16,758,000 ACE for staking/earning purposes Trade ACE on Bitget Step 1: Go to the ACEUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell. For detailed instructions on how to trade spot in Bitget, please read The Uncensored Guide To Bitget Spot Trading . Trade ACE now on Bitget! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.