Latest news with #DeSci
Business Insider
3 days ago
- Business
- Business Insider
BNB Chain Announces Latest BNB Hack Winner
Dubai, UAE, June 12th, 2025, Chainwire BNB Chain, the community-driven blockchain ecosystem, today announced the winners of its latest BNB Hack batch, continuing to recognize innovation across AI, DeSoc, DeSci, DePIN, and other Web3 categories. The June 12 batch includes one standout project, MCPForge, selected as a Tier 3 winner, reflecting strong traction, technical development, and potential for monetization. Since launching in February, BNB Hack has drawn hundreds of submissions from global builders eager to push the boundaries of blockchain applications. With a flexible, rolling evaluation process, the program offers tiered rewards, continuous feedback, and long-term ecosystem support. To date, 5 Tier 3 winners and 35 potential awardees have been selected, with several projects already live on mainnet and under review for further advancement. The newly elevated Tier 3 project brings powerful infrastructure innovation to the space. MCPForge is a crypto-native AI Agent tool marketplace that transforms GitHub-based MCP Repos into deployable, callable, and monetizable AI services, streamlining the path from open-source code to real-world income. MCPForge will receive expanded rewards and mentorship, along with a dedicated demo opportunity on BNB Chain's official channels. The latest batch drew over 30 submissions, and four additional early-stage projects have been awarded Tier 4 status. These potential awardees are now undergoing continuous evaluation as they build toward mainnet deployment and possible tier advancement. Among the newly recognized Tier 4 projects are: Quest Craft: A Play-to-Earn Minecraft server where players link crypto wallets, complete AI-generated quests, and earn soulbound tokens with in-game and real-world utility. Akai Space: A gamified data-labeling platform blending Web3 incentives, AI-assisted annotation, and Play-to-Earn design to produce high-quality datasets for AI development. Expiry Mitra: An AI-powered, decentralized tool that verifies the authenticity of medicine, helping users and pharmacies fight counterfeit drugs. NeuroBalance: An AI-driven crypto portfolio manager on BNB Smart Chain that uses machine learning to automatically rebalance assets based on customizable strategies. These Tier 4 projects will benefit from technical guidance, visibility across BNB Chain channels, and access to the broader builder ecosystem. BNB Hack has continued to accelerate ecosystem momentum, with several past winners and awardees reaching significant milestones. Highlights can be found here. The hackathon is open to all Web3 builders, from solo developers to startups, with no fixed deadline. Any project launched on testnet or mainnet after February 12, 2025, is eligible. Participants can submit their builds, receive feedback, iterate, and resubmit for review and tier consideration. Top projects can unlock rewards of up to $10,000 in cash and a $50,000 Kickstart package, along with opportunities for inclusion in the Most Valuable Builder (MVB) program and BNB Demo Day. To further encourage participation, over $540,000 in sponsored challenge prizes have been introduced. In addition, developers can now submit code examples through the Cookbook Bounty and win a share of a $10,000 prize pool, while boosting their project visibility. Applications for the next batch are open until June 18. Interested builders can apply here. About BNB Chain BNB Chain is a community-driven blockchain ecosystem that is removing barriers to Web3 adoption. It is composed of: BNB Smart Chain (BSC): A secure DeFi hub with the lowest gas fees of any EVM-compatible L1; serves as the ecosystem's governance chain. opBNB: A scalability L2 that delivers some of the lowest gas fees of any L2 and rapid processing speeds. BNB Greenfield: Meets decentralized storage needs for the ecosystem and lets users establish their own data marketplaces. Setting a high bar for security, the AvengerDAO community protects BNB Chain users while Red Alarm provides a real-time risk-scanner for Dapps. The ecosystem also offers a range of monetary and ecosystem rewards as part of its Builder Support Program. Tooling, such as the AI Solution, is also available for developers to explore. BNB Chain
Associated Press
16-05-2025
- Business
- Associated Press
MEXC Announces Einstein (EIN) Listing in July, 50 Million EIN Rewards Event Launches Now
VICTORIA, Seychelles, May 16, 2025 (GLOBE NEWSWIRE) -- MEXC, a leading global cryptocurrency exchange, has announced that it will list Einstein (EIN) on July 20, 2025 (UTC). Ahead of the listing, MEXC will launch two exclusive events this May with a total reward pool of 50,000,000 EIN, offering users the opportunity to discover promising projects and earn attractive rewards. Einstein is an innovative social experiment combining scientific knowledge with the Web3 ecosystem. The project invites participants to explore the intersection of cryptocurrency, blockchain, decentralized science (DeSci), cosmology, and physics. By fostering a spirit of intellectual curiosity and discovery, Einstein aims to reveal the potential synergies between scientific inquiry and blockchain technology. The EIN token serves as the governance and fee token within the Einstein Protocol. It is utilized for synthesizing, upgrading, downgrading, and decomposing element tokens. All protocol fees are burned, giving EIN a deflationary utility. MEXC will launch two exclusive events from May 18, 10:00 to July 17, 10:00 (UTC), with the following key details: Event 1: Einstein (EIN) Launchpool - Stake USDT & MX to Share 42,500,000 EIN Users can stake USDT or MX tokens via MEXC Launchpool to earn EIN tokens. The staking mechanism is straightforward: the more users stake, the more they earn. In addition, users who stake MX tokens will also qualify for parallel participation in Kickstarter airdrop events, allowing users to earn double rewards. Event 2: Invite New Users & Share 7,500,000 EIN Users can earn 400 EIN for each friend who registers using their referral code, deposits a minimum of 100 USDT, and joins the Launchpool event. Each user can invite up to 20 new users for a maximum reward of 8,000 EIN. Rewards will be distributed on a first-come, first-served basis. MEXC has established itself as an industry leader by consistently providing users with early access to promising projects. According to the latest TokenInsight report, MEXC led the industry with an impressive 461 spot listings. During each bi-weekly period, MEXC maintained a high listing frequency, consistently ranking among the top six exchanges and demonstrating its ability to capture market trends quickly. To date, the exchange has listed more than 3,000 digital assets. MEXC will continue to maintain its industry-leading listing efficiency, innovate, and expand its offerings, ensuring users have access to the best opportunities in the ever-evolving crypto landscape. For full event details and participation rules, please visit here. About MEXC Founded in 2018, MEXC is committed to being 'Your Easiest Way to Crypto.' Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding. MEXC Official Website ｜ X ｜ Telegram ｜ How to Sign Up on MEXC Risk Disclaimer: The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions. Source Contact: Lucia Hu: [email protected] Disclaimer: This is a paid post and is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. 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Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at
Forbes
02-04-2025
- Science
- Forbes
4 Lessons From DeSci Boom And Bust Token Cycles
The DeSci sector tokens have generally declined ShutterStock At the beginning of 2025, the Decentralized Science, also called DeSci, movement experienced significant momentum, marked by several key developments such as the emergence of new projects, market growth and investment, technological advancements, and community and collaboration. However, recent developments in the industry have presented substantial market challenges for DeSci tokens. According to Binance, one of DesSci's most prolific tokens, for the BIO Protocol, took a large plummet. After a meteoric rise of 2,700%, BIO's value plummeted to $0.1214 by March 7, 2025, erasing approximately $1.1 billion in market capitalization. This decline was attributed to market saturation, profit-taking, geopolitical tensions, and stalled adoption within the biotech community. Nansen Insights, newly released report: DeSci – The Future of Science or Pure Window Dressing? penned by Research Analyst - Nicolai Sondergaard, examines whether DeSci is genuinely solving issues within the scientific community or if it's part of a broader trend within the evolving crypto landscape. The report asserts the world of decentralized science (DeSci) has been volatile, with tokens linked to DeSci projects seeing explosive early gains of up to 1,000% before crashing by as much as 74%. Despite these dramatic fluctuations, interest in DeSci continues to grow, driven by the promise of transforming scientific research and funding. Nansen's latest report, Nicolai's Key takeaways regarding DeSci, as reflected in the report, are: While the DeSci movement aims to revolutionize scientific research through decentralization and blockchain technology, its associated tokens currently face significant market challenges. The future trajectory will depend on addressing adoption barriers, clarifying regulatory frameworks, and demonstrating tangible benefits to the scientific community.
Forbes
01-04-2025
- Science
- Forbes
DeSci Boom Or Bust?
The DeSci sector tokens have generally declined At the beginning of 2025, the Decentralized Science (DeSci) movement experienced significant momentum, marked by several key developments such as the emergence of new projects, market growth and investment, technological advancements, and community and collaboration. However, recent developments in the industry have presented substantial market challenges for DeSci tokens. According to Binance, one of DesSci's most prolific tokens took a large plummet. BIO Protocol (BIO) after a meteoric rise of 2,700%, BIO's value plummeted to $0.1214 by March 7, 2025, erasing approximately $1.1 billion in market capitalization. This decline was attributed to market saturation, profit-taking, geopolitical tensions, and stalled adoption within the biotech community. Disrupting Traditional Science or Just Another Crypto Hype? – Nansen Insights Nansen Insights, newly released report: DeSci – The Future of Science or Pure Window Dressing? penned by Research Analyst - Nicolai Sondergaard, examines whether DeSci is genuinely solving issues within the scientific community or if it's part of a broader trend within the evolving crypto landscape. The report asserts the world of decentralized science (DeSci) has been volatile, with tokens linked to DeSci projects seeing explosive early gains of up to 1,000% before crashing by as much as 74%. Despite these dramatic fluctuations, interest in DeSci continues to grow, driven by the promise of transforming scientific research and funding. Nansen's latest report, Nicolai's Key Takeaways Regarding DeSci Reflected in the Report Are: While the DeSci movement aims to revolutionize scientific research through decentralization and blockchain technology, its associated tokens currently face significant market challenges. The future trajectory will depend on addressing adoption barriers, clarifying regulatory frameworks, and demonstrating tangible benefits to the scientific community.
Yahoo
29-03-2025
- Business
- Yahoo
Sei Foundation Explores Buying 23andMe to Put Genetic Data on Blockchain
The Sei Foundation, the nonprofit development organization behind the layer-1 blockchain Sei (SEI), is exploring the acquisition of bankrupt personal genomics company 23andMe and putting the genetic data of 15 million users on blockchain rails. The foundation announced the initiative in an X post on Thursday, calling the plan its "boldest DeSci bet yet" — referring to the decentralized science movement. Earlier this year, it also launched a $65 million venture capital fund dedicated to DeSci startups building on the Sei network. The foundation said that genomic data security is a national security matter, particularly as 23andMe grapples with financial difficulties. The company, known for its direct-to-consumer DNA testing services, filed for Chapter 11 bankruptcy protection earlier this week. If the acquisition proceeds, the Sei Fundation plans to integrate 23andMe's data onto its blockchain and give users ownership of their genetic data, ensuring privacy through encrypted transfers and allowing individuals to decide how their data is monetized. "This isn't just about saving a company, it's about building a future where your most personal data remains yours to control," the foundation said. Numerous state attorneys general have warned 23andme customers to delete their data from the platform in recent days since the company's bankruptcy filing. SEI, the native token of the network, climbed as much as 3% following the news before giving back some of the gains. Sign in to access your portfolio
