Elastos is partnering with Dmail, who are building an AI-powered decentralized infrastructure that provides seamless, anonymous messaging and notification services across multiple chains and applications. What sets Dmail apart is its revolutionary Subscription Hub, designed to elevate communication strategies. This hub enables personalized messaging to wallet addresses and DIDs across multiple chains, making it effortless to engage your audience with targeted content and token rewards.
By partnering with Dmail, Elastos gains exclusive access to this robust Subscription Hub, connecting them with an expansive network of over 3 million on-chain accounts. With Dmail’s intuitive console, Elastos can promptly harness the power of intelligent messaging in Web3, creating new opportunities for user engagement and growth.
Potential synergies that are currently being explored:
- Identity Management: Dmail Network will almost certainly integrate Elastos’ DID for identity management, enhancing user privacy and data sovereignty.
- Enterprise Solutions: Dmail can integrate Elastos’ enterprise blockchain solutions to improve processes, data provenance, and transparent solutions for supply chains and contract management.
- Financial Products: Dmail can benefit from Elastos’ financial solutions for decentralized trading, staking, and lending.
- Content Monetization: Dmail can use Elastos’ DRM technology to enable content creators to license and monetize their digital assets.
- Subscription Hub Service: Elastos will be using Dmail’s Subscription Hub Service for its users, allowing seamless messaging to wallets and DIDs.
- Technical Integration: Dmail will possibly look to integrate Elastos’ side chain EVM architecture and will explore their Hive storage solution for potential synergies.
A partnership between Dmail Network and Elastos can unlock new avenues for innovation, user empowerment, and business growth. By combining Dmail’s expertise in web3 communications with Elastos’ comprehensive Web3 ecosystem, both parties can accelerate the adoption of decentralized technologies and create a more secure, transparent, and user-centric digital world.
Follow Dmail’s progress: Beta Mainnet | Website | Twitter | Discord | Gitbook tutorial
Elastos and Applicature are partnering to support ecosystem growth across both Applicature’s Game Changer Program and Elastos’ Destiny Calling grant program.
We’re excited to announce that Elastos is joining forces with Applicature, a San Francisco-based crypto venture builder and accelerator. Applicature offer full service blockchain development, marketing, funding, key relationship development, and advisory services to accelerate the growth of projects in supply chain, banking and finance, gaming, real estate, healthcare and media.
The partnership will see Elastos supporting Applicature’s Game Changer Program, as a distinguished member of the Advisory Panel, assisting in co-marketing, partnerships and events. Applicature will actively participate in Elastos’ upcoming grant program, Destiny Calling, providing a generous discount on services to participating projects and extending to all Elastos ecosystem projects. The services eligible for this discounted arrangement encompass a comprehensive range of support, including:
- Incubation services
- Technical development
- Strategic marketing
- Assistance with fundraising endeavors
- Comprehensive roadmapping for Token Sale
- Proficient guidance throughout the token launch process
- Thorough smart contract auditing
- Proficient development of DApps and L1 solutions
- Dedicated efforts in business development
- Expert advisory assistance to facilitate effective scaling strategies.
“This partnership signifies a commitment between Elastos and Applicature to work together towards the growth and development of the broader blockchain ecosystem,” says Ana Y, Head of Acceleration & Incubation at Applicature.
“The enthusiasm and expertise Applicature brings to the Elastos ecosystem and our efforts in attracting more projects and builders through the Destiny Calling grant program is a sign of great things to come!” adds Fakhul Miah, Elastos’ head of growth.
The article and graphics were created by the Elavation Team
The following is part of an ongoing series by Elastos community leaders sharing key trends and takeaways from Token2049 and crypto events in and around Singapore. Check out the last post by Jonathan Hargreaves, Global Head of Business Development at Elastos. In this edition we hear from Sasha Mitchell, Founder of Elacity.
From the get-go, as soon as I landed at the Changi airport in Singapore, I had little time to spare before heading straight to the Bitcoin Layer 2 event hosted by Elastos. Over the week, I came to learn extensively about the Web3 space at Token2049. This collective knowledge helped paint a picture of a future where data management is far more user-centric, secure, and efficient, and where governance can be transparent and accountable. For five key takeouts of Token 2049, you can read my article here, in this piece, let’s discuss a little about Bitcoin Layer 2 and Elastos. Blockchain at its core is about bringing trust back into the system and creating trust in a trust-less environment, and I believe Elastos can deliver this alongside Bitcoin’s security, so let’s dive in!
Bitcoin remains the market leader with a $500 billion market cap, doubling its closest rival, Ethereum. Bitcoin’s hash rate measures the network’s computational power, serving as an indicator of its security and efficiency. It’s rising hash rate over the years signifies increased mining activity, making the network more resilient against potential attacks, despite price volatility.
This year, Bitcoin Ordinals has revolutionised non-fungible tokens (NFTs) by using Bitcoin’s architecture to transform “Satoshis” into unique assets through “inscriptions”. These shifts signal a future where Bitcoin’s role extends beyond a simple financial asset to become a versatile platform for various applications. This transformation is enabled by smart contracts and decentralized data management systems, which are components of scalable Layer 2 solutions like the Lightning Network and Elastos, which can settle back into the secure mainchain.
Something new I learnt about was Ricardian Contracts, which integrate legality and cryptographic verification, providing a digitally secure and legally binding agreement. By hashing the contract and providing a unique identifier, we can ensure that all parties can easily verify the most current and authentic version of the agreement. This approach addresses issues of document versioning and legality, thereby revolutionising the digital contract landscape. Ricardian Contracts blend smart contract features with traditional legal agreements, allowing for preset, executable actions across multiple blockchain architectures, including Bitcoin.
It became clear to me that Elastos can redefine Bitcoin’s ecosystem with its DID, Hive, and Carrier technologies, serving as the foundation for “Personal Knowledge Containers.” This next-gen Layer 2 storage solution surpasses traditional methods like NAS and Dropbox, using a robust tech stack including Istio, Docker, IPFS, Tor, and libp2p to enable peer-to-peer trading using Bitcoin Layer 2 protocols and decentralised web nodes. The objective is to categorise data assets hierarchically into files, pages, and services, thereby enabling peer-to-peer trading alongside Bitcoin Layer 2 payment protocols.
Elastos can help facilitate this environment through its decentralised identifier sidechain which acts as a control hub, and support storage solutions through Hive, and Carrier for peer-to-peer networking. With Elacity DRM enabling data packaging and Runtime innovation for secure playback, Elabox’s plug-and-play OS service, and Essentials SuperWallet’s toolsets that incorporate Elastos and already support the Lightning Network, it becomes evident our ecosystem and innovations are all capable of converging to a Bitcoin Layer 2 solution.
To further explore Bitcoin Layer 2, it’s worth noting that Elastos’ mainchain is secured by Bitcoin miners’ hash power. This architecture enables a secure, decentralized ecosystem in which ELA, Elastos’ native currency, plays a pivotal role. ELA serves not only as gas to pay for transactions across the ecosystem but also as collateral and voting power to annually elect 12 DAO council members for governance. These council members vote on wide-ranging proposals, from funding to infrastructure, and also become supernodes that power Elastos’ sidechains. ELA-elected council nodes enhance the platform’s security beyond the mainchain and facilitate infinitely horizontally scalable solutions, such as its EVM sidechain for smart contracts.
Being directly connected to Bitcoin, our main chain offers additional avenues for innovations like Ordinal NFTs. These could alleviate congestion in Bitcoin’s NFT network through the potential use of sELA inscriptions. With a limited coin supply of 28.22 million and built-in halving mechanisms, ELA shares strong similarities with BTC. It leverages its role as a ‘Queen’ in security, complemented by a suite of innovative supporting services, DAO governance and sidechains.
Amidst past upheavals like FTX and Three Arrows Capital, the prospect of Bitcoin and Ethereum ETFs injects the tech space with much-needed liquidity and optimism. As traditional systems falter, the emerging Web3 landscape offers a parallel economy rooted in freedom. The excitement in Singapore showcases fresh thought leadership, transformative tech, and new economic models. I had the chance to meet many interesting people from many different fields. With continuous innovations, the sector inches closer to realizing Web3’s promise of a digitally interconnected world. And for Bitcoin and Elastos, don’t underestimate the power these two technologies and communities can bring as a merged mined solution.
All signs indicate that 2024 will be a pivotal year for the space!
Who Controls Your Gaming Destiny? As we build towards a new concept of a decentralized web, we need to come together to agree on what a self-sovereign, equitable Web3 looks like, what it requires and how we can work together to make it happen.
As part of our ongoing Twitter Spaces series, we ask, ‘Who Controls Your Digital Destiny?’, inviting industry leaders to debate, disagree, and ultimately identify and align on the key pillars of the web we all want to be part of.
Our most recent Spaces took a deeper dive into one of the key areas highlighted in our first Twitter Spaces: gaming and entertainment! This session aimed to:
- Identify and agree on the opportunities and challenges for gaming and gaming communities as they explore and migrate to Web3 and GameFi.
- Build consensus on the different technology solutions needed to ensure personalized experiences, creator-owned and monetized content, marketplaces, gamer IDs, leaderboards, etc.
- Build understanding of what it takes to build a healthy ecosystem and community for gamers that is open, accessible, self sovereign and most importantly, a lot of fun!
Gaming is the largest entertainment segment in the world! The Global “Games Market” earns nearly $200BN per year. That’s bigger than Hollywood and the music industry combined. But not only that, given Web3’s community focus and ability to track and incentivize behaviour, the gamification of everything from work to shopping to health means that we are entering a new era. But how can we make sure gamers are central to this new world and not commoditized as they have been in the social media era? How can we own and keep and manage our virtual assets? What aspects of a gaming ecosystem need to be considered?
Here is a cross section of the key discussion points laid out by our guests:
- Adin – Web3 Manager at Wisdom Labs, the innovation arm of game and entertainment studio Wisdom Gaming
- Johnny – CEO of Morfyus and Morfyus Leage, a gameFi esports league and guild
- Roy – Co-Founder of Arcus, a popular play-to-earn first person shooter
- *Pavel – CEO of Bluzelle, unfortunately wasn’t able to join.
The conversation covered various topics such as the challenges and opportunities of Web3 gaming compared to Web2, the importance of decentralized identity (DIDs) and data sovereignty, and the role of fairness and transparency in gaming.
The panellists discussed the need for qualities and technologies in an open, self-sovereign gaming ecosystem. They touched upon the importance of standards and interoperability, as well as the integration of business models into Web3.
The conversation explored the potential of Web3 gaming, addressing challenges, discussing technologies, and emphasizing the importance of fairness, transparency, and self-sovereignty in gaming experiences.
What are the challenges of Web3 gaming and how do they compare to Web2?
One challenge mentioned is the commoditization of gamers in the social media era. How to ensure that gamers are central to the new Web3 world and not treated as mere commodities, as they have been in the past. This suggests that in Web2 gaming, players may have been undervalued or not given the recognition they deserve.
Another challenge discussed is the learning curve for people transitioning to web3. Johnny mentioned that games in the past were not as seamless as they are today, indicating that Web3 gaming aims to provide a more user-friendly and familiar experience. This suggests that in web2 gaming, the user experience may have been more complicated or less intuitive.
Additionally, the conversation touched on the challenge of integrating web3 into existing gaming experiences. Adin mentioned the need to find ways to integrate web3 into broader gaming experiences through marketing campaigns, brand integration, and providing more value to brands. This implies that adapting web3 technology to fit existing games and platforms may pose a challenge.
How can interoperability and standards be established across different games and platforms in web3?
Collaboration between game developers: Johnny raises the question of how to get different game developers to work together. Establishing collaboration and cooperation among game developers could be a key factor in establishing interoperability and standards. This could involve sharing knowledge, resources, and best practices to create a unified approach to web3 gaming.
Development of industry-wide standards: To ensure interoperability, the gaming industry could work towards developing and adopting industry-wide standards. These standards could define protocols, formats, and guidelines that games and platforms must adhere to in order to achieve compatibility and seamless integration. Establishing these standards would require the involvement of industry organizations, regulatory bodies, and game developers.
Open-source initiatives: Open-source projects can play a significant role in fostering interoperability. By creating open-source frameworks, libraries, and tools, developers can collaborate and contribute to building a common foundation for web3 gaming. Open-source initiatives encourage transparency, community participation, and the sharing of knowledge, which can lead to the establishment of interoperable standards.
Adoption of blockchain technology: Blockchain technology, which underpins web3, can facilitate interoperability by providing a decentralized and transparent infrastructure. Through the use of smart contracts and decentralized protocols, game assets, currencies, and identities can be easily transferred and utilized across different games and platforms. By leveraging blockchain technology, developers can establish a common framework for interoperability.
Standardization of game asset formats: To achieve interoperability, it would be essential to standardize the formats of game assets such as characters, items, and environments. By defining common formats, developers can ensure that these assets can be seamlessly integrated and utilized across various games and platforms. This standardization could streamline the process of asset sharing and interoperability.
Cross-platform compatibility: To establish interoperability, web3 games should aim to be cross-platform compatible. This means ensuring that games can be played and accessed across different devices and platforms, such as consoles, PCs, mobile devices, and virtual reality headsets. By focusing on cross-platform compatibility, developers can enable players to enjoy the same gaming experience regardless of their preferred platform.
What are the challenges of web3 gaming and how do they compare to web2 gaming?
Commoditization of gamers: The moderator raised the concern that gamers have been commoditized in the era of social media. In web3 gaming, the challenge would be to ensure that gamers are not treated as commodities but rather as active participants and beneficiaries of the ecosystem. Web2 gaming may not have faced this challenge to the same extent, as the focus was primarily on entertainment rather than community participation and value creation.
Integration of web3 technology: Adin mentioned the responsibility of finding ways to integrate web3 into broader gaming experiences. This suggests that one challenge of web3 gaming is effectively incorporating blockchain technology, decentralized finance (DeFi), non-fungible tokens (NFTs), and other web3 elements into traditional gaming models.Web2 gaming, on the other hand, may not have faced this challenge as it was not built on decentralized and blockchain-based technologies.
Learning curve and user experience: Jamie asked about the biggest challenge for people on the learning curve and how games can evolve in the future. This implies that web3 gaming may present a steeper learning curve compared to web2 gaming. The integration of complex technologies and the need to understand concepts like digital ownership and decentralized systems might require users to adapt to new interfaces and experiences. web2 gaming, in contrast, may have focused more on providing familiar and user-friendly interfaces.
Mass adoption and value provision: Adin mentioned the need to find ways to introduce web3 into games and provide immediate value to players. Web2 gaming may have had the advantage of already being established and familiar to players, while web3 gaming needs to convince users of the benefits and advantages it offers.
Fairness and transparency: Adin spoke about the goal of providing more fairness and transparency in gaming through web3. This implies that web3 gaming faces the challenge of addressing the issues of fairness, such as reducing cheating and ensuring transparent and trustworthy gameplay. In comparison, web2 gaming may have faced similar challenges, but web3 gaming has the potential to leverage blockchain technology and smart contracts to create more transparent and fair gaming environments.
To become successful, web3 gaming must address challenges in scalability, user experience, community building, interoperability, regulations, and sustainability. To achieve this, developers must leverage blockchain technology to build games with open economies, allowing players to earn and spend tokens within and outside those games. They also need to design games with incentives to attract and retain users.
Web3 gaming is a nascent industry, and through collaboration, Elastos hopes to build a vibrant ecosystem with partners such as Wisdom Labs, Arcus, Morfyus, Lifty.io and Build it Merchants. As the gaming industry has shown, early adopters of new technologies can reap significant rewards. Therefore, it is essential for developers to stay abreast of evolving player preferences and continue to iterate and innovate to meet users’ demands and help achieve web3 gaming’s success in the future.
Elastos is excited to invite new partners and platforms to join us as we forge our own gaming destinies.
Check out the Twitter Spaces recording here.
The article and graphics were created by the Elavation Team.
“Elastos has consistently demonstrated both its technical and strategic vision for the future of Web 3, and we hope more developers will discover this growing ecosystem. As a leading provider of cloud services, we are looking forward to helping shape the future of Web3 with Elastos.” – Howie Hao Jiang, Web3 Chief Solution Architect at Tencent Cloud Europe.
In an exciting development for the Web3 industry, Elastos has joined hands with Tencent Cloud. Aiming to foster innovation and accelerate the growth of Web3, bringing forth a more inclusive and secure modern internet. With their combined expertise and shared vision of empowering a more inclusive and secure Web3, Elastos and Tencent Cloud are poised to accelerate the Web3 space, offering developers and startups new opportunities for growth and success.
The partnership between Elastos and Tencent Cloud sets the stage for a wide array of collaborative initiatives. Elastos is exploring the use of Tencent Cloud as a cloud service partner, leveraging its formidable infrastructure for a range of technology-related services and platform operations. For Tencent Cloud, the collaboration with Elastos provides greater access to Web3 expertise and decentralized technologies for its customers.
Reinforcing Web3 Infrastructure with Joint Business Development
Both Elastos and Tencent Cloud understand the significance of robust infrastructure in ensuring the success of Web3 projects. Their cooperation involves joint efforts to present Tencent Cloud as a reliable infrastructure option for developers and validators within the Elastos ecosystem. This tactical partnership aims to augment developers’ experience with the ease of access to Tencent Cloud’s remarkable resources. The collaboration further delves into the possibility of promoting Tencent Cloud as an infrastructure provider for developers and startups launching applications on Elastos, thereby fostering a dynamic and supportive atmosphere.
Tencent Cloud will provide customized offers and incentives to builders on Elastos, enhancing the ecosystem’s access to Tencent Cloud’s services. Additionally, Tencent Cloud will introduce Elastos to its ecosystem partners, creating new avenues for collaboration and. Moreover, Tencent Cloud will offer Elastos the opportunity to showcase relevant Web3-related products and offers on its marketplace, providing exposure to a vast customer base and driving Web3 adoption.
Unleashing the Potential of Startups in the Web3 Universe
To cultivate the growth of inventive startups within the Web3 sector, Elastos will extend an invite to Tencent Cloud to join the Elastos Ecosystem and provide support to the innovative projects arising from this vibrant community. This includes direct participation in Elastos’ upcoming ‘Destiny Calls’ startup grant programme that aims to offer valuable support and resources to startups looking to build decentralized solutions. Through the partnership, Tencent Cloud will have the opportunity to directly nominate startups for this program from their existing large ecosystem of partners.
Similarly, Elastos will become a partner to Tencent Cloud’s ‘Web3 Startup program’, offering valuable support and cloud resources for startups, whilst also having the opportunity to nominate startups for this program.
Additional Marketing Synergies
The partnership between Elastos and Tencent Cloud will include joint marketing activities, leveraging their respective digital channels to encourage shared initiatives and accomplishments. They will also participate in joint event activities at industry conferences and trade fairs, further amplifying their collective presence and impact within the Web3 space.
Future Innovations and Service Integration
Elastos and Tencent Cloud will continue to explore joint business and product development opportunities, aiming to integrate Elastos and Tencent’s platforms and solutions into new cutting-edge services. The two parties will explore the integration of multiple best in class service providers to give Elastos ecosystem builders and users multiple choices for Web3-related services, including identity solutions, further fortifying the security and expediency of user identity management in the digital landscape and creating a more seamless and secure digital experience for the growing community of Web3 explorers and advocates.
The strategic partnership between Elastos and Tencent Cloud marks a significant milestone in the advancement of Web3 and the creation of a more inclusive and secure modern internet. By leveraging Tencent Cloud’s expertise and resources, Elastos is poised to accelerate innovation and empower developers and startups to build the next generation of decentralized services and solutions within its ecosystem.
“Elastos has consistently demonstrated both its technical and strategic vision for the future of Web 3, and we hope more developers will discover this growing ecosystem. As a leading provider of cloud services, we are looking forward to helping shape the future of Web3 with Elastos,” says Howie Hao Jiang, Web3 Chief Solution Architect at Tencent Cloud Europe.
Together, Elastos and Tencent Cloud are driving the adoption of Web3 technologies, fostering a thriving and collaborative environment where the possibilities for decentralized applications and services are limitless.
Stay tuned for an upcoming webinar exploring the opportunities between Elastos and Tencent Cloud.
The article and graphics were created by the Elavation Team.
At Elastos, we believe in the power of collaboration and education to shape the future of technology. That’s why we are thrilled to announce our partnership with Moledao, a leading educational DAO for Web3 education.
Moledao is a prominent Singapore-based organization, operating under the umbrella of Bybit, one of the world’s top three cryptocurrency exchanges. They have established partnerships with over 400 stakeholders, including renowned brands like Alibaba Cloud, Huawei Cloud, and SMU (Singapore Management University).
We are joining forces to super-charge the blockchain ecosystem through innovative projects and initiatives. Here are six ways that Moledao and Elastos will combine forces:
Promoting Education and Hackathons
The primary objective of our collaboration is to promote education and hackathons within the Web3 space. We understand the importance of equipping individuals and organizations with the knowledge and skills needed to embrace the decentralized revolution. By offering educational opportunities and hackathons, we aim to empower forward-thinking individuals to explore the possibilities presented by blockchain technology.
Introducing the Web3 Identities Course/Module
As part of this exciting collaboration, Elastos will be hosting comprehensive courses or modules on Web3 identities. This educational initiative will cover essential topics such as wallets, naming services, decentralized identifiers, verifiable credentials and soulbound tokens. Our goal is to enhance understanding and adoption of Web3 technologies, empowering individuals to confidently navigate the decentralized landscape.
Collaborative Curriculum Development
Elastos is proud to provide assistance to Moledao in developing their wider Web3 curriculum. By leveraging our expertise and decentralized tech stack, we aim to co-create a curriculum that equips learners with the necessary knowledge and skills to thrive in the blockchain industry. Together, we are shaping the future of blockchain education, one module at a time.
Enhancing Credential Issuance through Elastos DID Integration
Moledao is poised to explore the integration of Elastos’ Decentralized Identifier (DID) technology. This integration holds immense potential to revolutionize credential and certificate issuance for Moledao’s educational programs. By leveraging Elastos’ DID solution, Moledao can enhance the security, immutability, and verifiability of issued credentials, ensuring complete trust and transparency.
Expanding Connections with Educational Institutes
With Elastos’ extensive network and connections, we are dedicated to connecting Moledao with educational institutions around the world. This collaboration seeks to establish mutually beneficial partnerships, fostering knowledge exchange and expanding the reach of blockchain education. By bridging the gap between academia and blockchain/Web3, we are building a strong foundation for the future of decentralized solutions.
A Commitment to Collaboration and Exploration
This partnership between Elastos and Moledao is more than just a collaboration. It is a commitment to working together towards the growth and development of the blockchain ecosystem. Together, we will continue to explore additional areas of collaboration, seizing every opportunity to innovate and push the boundaries of what is possible.
The partnership between Moledao and Elastos is a powerful step towards revolutionizing education and collaboration in the blockchain space. By combining our strengths, expertise, and decentralized solutions, we are shaping the future of technology together. Join us as we embark on this journey to empower individuals, organizations, and industries with the endless possibilities of blockchain technology. Together, we can build a decentralized future where innovation knows no bounds and we can all forge our own digital destinies.
Check out the Twitter Spaces with MoleDao and Elastos discussing the partnership.
The article and graphics were created by the Elavation Team.
Singapore, June 13, 2023 – Today, Elastos, a decentralized Web3 infrastructure leader, announced that it will provide its decentralized identity solutions on the carbon-negative, layer-1 blockchain Celo.
Elastos’ open-source Web3 solutions will be available to Celo’s mission-aligned ecosystem of 1,000+ projects in over 150 countries. Dedicated to secure, interoperable, self-sovereign identities and credentials, Elastos will provide projects on Celo with W3C compliant decentralized identifier (DID) solutions, decentralized storage, and credibility scoring while dApps on Celo’s network will be made available through Elastos’ Essentials Super-Wallet.
Essentials has recently upgraded to provide native support for the Celo network allowing users to store, transfer, and manage CELO and Mento stable assets, and NFTs, while also providing access and use of dApps on Celo directly from the Essentials app browser with the ability to create custom widgets for use in the super dApp.
Some of the key benefits of this deployment will enable users on Celo to automatically create and manage self-sovereign DIDs with support for KYC, verifiable credentials, and personalized contact lists. Through Essentials, users will also be granted access to free decentralized cloud storage. As a native mobile super dApp, Essentials fits well with Celo’s mobile-first infrastructure and tech stack.
“For years, Celo has been leading Web3’s adoption in emerging markets through a platform that truly believes in the power of Web3 to provide greater global equity and inclusion,” says Fakhul Miah, Elastos’ global head of growth. “In many ways, we share a similar vision. For five years, Elastos has been quietly building a full suite of open source, decentralized technologies for identity, security, communication, data storage, and commerce to help foster the next generation of creative platforms, financial services, and business processes that allow true self-sovereignty and lets users forge their own digital destinies.”
Forthcoming applications of Elastos in the Celo ecosystem will also include bespoke DeFi solutions for individuals, enhanced DAO governance tooling, and will reward users for participating in circular economy models and climate action, such as carbon offsetting in a compliant and transparent manner.
“We look forward to continued collaboration with Elastos on decentralized identity solutions,” says Isha Varshney, Head of DeFi at the Celo Foundation. “A Web3 user’s identity is a key component of their overall experience and allows us to enable positive engagement throughout the Celo ecosystem.”
Celo is a carbon-negative, permissionless, layer-1 blockchain with a rich ecosystem of global partners building innovative Web3 applications within the DeFi, ReFi, and NFT sectors on Celo. Accessible to anyone with a mobile phone, the Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (the Celo Platform), the CELO native asset, and Mento stable assets (cUSD, cEUR, cREAL). Launched on Earth Day in 2020, the open source Celo mainnet supports 1,000+ projects by developers and creators located around the world.
Elastos is a Web3 ecosystem powered by a suite of open-source, decentralized technologies for identity, security, communication, data storage, and commerce that give developers the hardware and software tools to build decentralized applications from games, to social platforms, DeFi, and marketplaces.
As the only Web3 ecosystem with a blockchain dedicated to DIF and W3C compliant decentralized identities (DIDs), a unique, secure dual-chain architecture and a hybrid consensus, Elastos champions self sovereignty, providing unlimited control, security and interoperability as well as grants and guidance for those who wish to build a truly decentralized web and forge their digital destiny.
Learn more: https://www.elastos.info
The article and graphics were created by the Elavation Team.
Partnership looks to explore building the leading talent platform for web3.
Today, Elastos is proud to announce the signing of an MOU with Morfyus, a talent marketplace and enterprise services platform on Web3 for Web3. Morfyus provides talent with the tools and resources to monetise their time and skills in both casual and skilled work in leading tech and web 3 projects. Through the collaboration, Morfyus intends to explore how Elastos’ open-source Web3 technology stack can support their efforts to build the next “upwork” for the Web3 industry. The preliminary partnership will examine the potential of implementing Elastos’ decentralized identifiers (DIDs), which could be used to support the empowerment of decentralized workforces, to organize and monetize their skills while maintaining trust and ensuring quality for customers and clients.
Through the partnership, Morfyus and Elastos agree to explore Elastos’ range of identity SDKS for single sign in and verified credentials, as well as identify if solutions such as the Elastos Identity Chain and Hive decentralized storage can support self-sovereign management of Morfyus’ community’s identities and credentials.
To further celebrate the partnership and the recent transition to its new Elastic Consensus, Elastos will collaborate with Mofyus’ NFT artists to create a limited NFT collection on the Elastos Smart Chain available through Elacity and Pasar marketplaces. More details will follow in the coming weeks.
“Morfyus is a community of innovators, creators, and entrepreneurs working together to democratize talent monetization and unlock scalable solutions for businesses,” says Johnny, CEO and Co-Founder of Morfyus. “We’re looking forward to learning more about Elastos’ suite of open-source, Web3 solutions, and how they could potentially provide us with the tools we need to ensure our platform benefits both the talent on our platform and the clients who hire them.”
Morfyus – the future of work and play
Want to know more about Morfyus:
By the Numbers
- 30 Team Members
- 75K Community Network
- 5,000 Builders, Creators, and Testers
- 3,000+ Daily Active Web 3 Gamers
- 100% Web 3 and Crypto Native
Morfyus services include:
- Community engagement and Moderation
- NFT Development
- Web3 and Metaverse Architecture
- Influencer and Streamer Marketing
- Tokenomics and Economy Design
- Design and Videography
- User acquisition & Adoption
- DA Players & Game Testers
“Elastos is growing rapidly after five years of quietly building out a fully-functioning open-source Web3 technology stack. Now we are snapping back and excited by this partnership as it works on multiple levels,” says Elastos Growth Officer, Fakhul Miah. “We’re excited to work with Morfyus to explore our technology as we explore how Morfyus, with the skills of its thousands of creators and developers, can support our ongoing growth.”
The article and graphics were created by the Elavation Team.
EP 1 – Who Controls Your Digital Destiny?
In our first Twitter Spaces, we asked ‘Who controls your digital destiny’, setting the stage for an ongoing series of discussions with Web3 industry leaders from around the world who helped identify many of the aspects we anticipate will become critical to the success of Web3. The idea was that from this first discussion, additional Spaces could then delve deeper into each key component, with the aim of determining practical, actionable goals we can adopt together to help build the future we want to see.
We had a great panel:
- Sandy Carter (@Sandy_Carter) – COO at Unstoppable Domains
- Harsh Rajat (@harshrajat) – Co Founder at Push Protocol
- Sash (@sash__mit) – Founder of Elacity
- Humpty Calderon (@humptycalderon) – Founder Mosaic and community lead at Ontology
Though our first session wasn’t recorded, we did capture a list of essential components that need to be explored if we as an industry want to forge our own digital destiny. They were:
- Identity and digital identity solutions such as DIDs were agreed to be foundational to solving issues around security, self-sovereignty and interoperability.
- Data storage such as cloud, local and decentralized storage solutions and how they could work together in an online/offline world.
- Decentralized communications and data sharing that is both secure and reliable.
- Digital Rights Management (DRM) and the need to protect and validate content for and by content creators.
- Access Economy and new models for commerce.
- Financial systems and tools that link DeFi with traditional finance.
- Standardization and Regulation to build confidence, consistency and rigor in the Web3 industry.
- Interoperability and the need to build a more inclusive Web3.
- Automation and the use of AI as both an opportunity and a threat.
- User experience (UX) and creating more frictionless experiences in Web3.
- Security and trust. We need a Web3 where people can feel like their data, money and well-being are looked after.
This discussion only scratches the surface. If the community has any additional points to include in the above list, please share in the comments. We hope to address each in future Twitter Spaces as part of our ongoing series….
…which is exactly what we did!
Ep 2 – Digital Destiny: Decentralized Identifiers
In our second panel, experts came together to discuss the crucial question: Why does identity matter in Web3? Despite some more technical glitches with this session, the conversation delved into various aspects of identity and its role in the emerging decentralized digital landscape. However, unlike the first session that was purposely broad, in this session, we focused on practical applications and more specific benefits of different technologies and to capture actions to help compel the industry to experiment, build and utilize DIDs.
Our panel this time included:
- Otto Mora (@ottomorac)– Tech. Sales Lead Americas Polygon ID
- Simon Molitor (@simonmolitor) – Co-Founder of digitalsocial.id
- Benjamin Piette (@benpiette88) – Team Leader – Essentials Wallet
- Evin Mcmullen (@provenauthority) – Co-Founder & CEO, Disco.xyz
Here are the key takeaways from the discussion:
- Identity as a fundamental aspect of human interaction:
The panelists highlighted that identity is not just important, but essential for human interaction and connection. Everyone has an identity since birth, and it shapes our interactions with the world around us. None of us have a digital destiny without a secure and self-sovereign identity.
- Kim Cameron’s Seven Laws of Identity:
Evin recommended listeners read Kim Cameron’s Seven Laws of Identity, a one-page guide that helps minimize risk and harm to individuals in the digital world. This document serves as a foundation for understanding the importance of identity.
- The inadequacy of current digital identities:
The panelists emphasized that current digital identities in the connected Metaverse are not suited for human beings, as they are based on the atomic unit of Web3 – a public key, not a person. Our identities should encompass more than just our financial data and wallet contents.
- The need for decentralized identity: The panelists discussed the importance of decentralized identity solutions that allow individuals to express their full range of identities in a secure and privacy-preserving manner. Decentralized identity empowers individuals with greater control over their personal data and offers more robust ways to participate in the digital economy.
- Verifiable credentials and zero-knowledge proofs: Otto described the need for identity tech to enable people to natively switch between profiles, and also be able to present credentials that were issued to any of these profiles. He gave the example that a person may choose to have a completely different gaming profile as opposed to their banking profile and that through the usage of zero-knowledge proofs, you should be able to demonstrate that you own a credential without needing to tie it to a specific identifier, which is sort of the problem with with some of the verifiable credential formats out there that they force you to reveal the identifier to whom that credential was issued. This is something that Polygon ID and Elastos DID can do.
- Different identity technologies need to work together: Panelists discussed the use cases of DIDs vs naming services such as .ETH or .ELA and the myriad number of different experimental DID approaches that are covered under W3C. It was generally agreed that it isn’t about one or the other but that the industry needs to work towards standardizing the application of different technologies for different use cases and that they should work together seamlessly.
- The role of identity in building an equitable Web 3.0: In conclusion, the panelists agreed that decentralized identity is a vital component of Web3 and necessary for building a more equitable and user-centric internet. It enables individuals to enjoy richer, more meaningful experiences in the digital world, moving beyond the limitations of current public key-based identities.
The panel’s insightful discussion provided a deeper understanding of the importance of identity in Web3 and emphasized the need for continued innovation in the field of decentralized identity solutions. By addressing the challenges of digital identity, we can work towards a more inclusive, secure, and connected future that ensures each of us can forge our own digital destiny.
Check out the session recording.
The article and graphics were created by the Elavation Team.
[UPDATE] Alibaba Cloud and Elastos have announced their joint webinar exploring how the partnership can unlock new opportunities for developers looking to build the next generation of decentralized applications. Join us on Tuesday, May 30! Register here.
Alibaba Cloud and Elastos have entered into a partnership that will see both organizations build and deploy next generation solutions for a more inclusive and secure internet–including innovations like Elastic Consensus that brings together proof of work, proof of stake and proof of integrity mechanisms, as well as Elastos’ open-sourced Digital Rights Management technology.
The partnership with Alibaba will include the development of one-click tools that allow users to seamlessly launch validator nodes on Elastos’ blockchain platforms, including the Elastos Mainchain, one of the most secure blockchains in Web3 powered by the BTC hashrate, the Ethereum-compatible Elastos Smart Chain (ESC) and the unique Elastos Identity Chain (EID), which is the only public blockchain dedicated to secure, interoperable, self-sovereign identities and credentials.
This integration will not only allow Elastos developers to use Alibaba Cloud’s node-as-a-service offering, but will also allow Alibaba Cloud to offer its customers one-click deployment solutions and a backend AppStore using Elastos’ open-source Web3 technologies, including identity (DID), storage (Hive) and peer-to-peer communications solutions (Carrier).
“We’re excited to be partnering with Elastos to provide a more safe and secure web experience. We share Elastos’ values to further spur the adoption of open-source technologies and create new web experiences that give users the ability to manage their own data and privacy. Elastos has an impressive Web3 tech stack and through this partnership, it will be easier for Alibaba Cloud customers to expand their products and services in the decentralized web, while ensuring the security and flexibility of their data that they’ve come to expect from Alibaba Cloud solutions.” – Michel Cui, Head of Web3 Business of Singapore, Alibaba Cloud Intelligence.
Together, Elastos and Alibaba Cloud are working to create a new digital landscape that is secure, scalable, and user-centric. By combining the power of blockchain with the cloud capabilities of Alibaba, Elastos is paving the way for a more innovative and user-centric future.
This partnership aims to create a more secure digital space while addressing challenges of scalability and interoperability. Innovation is at the core of both companies’ work, and bridging the gap between our industries is just the tip of the iceberg of what we can achieve. Though collaboration between a Web2 cloud computing leader and a Web3 innovator may seem counterintuitive, a hybrid approach to storage can provide the best of both worlds, allowing Elastos to maintain control over its data while also benefiting from the advantages of Alibaba Cloud’s robust infrastructure.
Below, we will explore the potential of this partnership and examine how it could revolutionize the way we think about digital assets, data security, and the future of web3.
Combining Cloud with Decentralization
While decentralization and cloud storage offers different benefits and drawbacks, this partnership has raised questions on whether it is possible to use a cloud storage provider without sacrificing decentralization. Concerns about decentralization are a common issue among a number of blockchains, especially those that partner with large, centralized companies.
Decentralized vs. Cloud
Decentralized storage offers a distributed network of nodes that store data, providing increased security and privacy over data. With no central point of failure, decentralized storage, such as is offered by Elastos through it’s Hive solution, can be more resilient to cyber-attacks and data breaches, and it is not owned or controlled by a single entity. It also allows for greater accessibility, as users can access their data from any node in the network, eliminating the need for a centralized server or storage device.
On the other hand, cloud storage uses remote servers and centers to store data, which can be accessed from anywhere with an internet connection. Cloud storage offers scalability and cost-effectiveness by allowing users to pay for only the storage they need and easily scale up or down as their data needs change. However, because of its centralized nature, cloud storage can be vulnerable to attacks if not properly secured. Additionally, data stored in the cloud can be subject to data privacy regulations and may be subject to government surveillance or other forms of monitoring.
Meeting in the Middle
A hybrid approach must be taken to achieve decentralization while also leveraging the benefits of cold storage. By using a decentralized network to store and manage data while utilizing cloud storage for backup or additional capacity, Elastos can maintain the benefits of a decentralized approach and tap into Alibaba Cloud’s resources simultaneously.
Ultimately, a hybrid approach provides the best of both worlds, allowing Elastos to maintain control and privacy over its data while also benefiting from the advantages of cloud storage.
What Alibaba Means to Elastos
Alibaba Cloud and Elastos have entered into a partnership to improve scalability, security, and innovation, enabling Elastos to access the computing resources required to run its network. Without sacrificing decentralization, this collaboration marks an important time in both web3 and Elastos’ history by forging an alliance with one of the top cloud providers in the world to expand the mission.
By partnering with Alibaba Cloud, Elastos can access the computing resources needed to run its network, reducing the load on individual nodes and increasing the processing speed of transactions. It can also provide a more reliable and efficient network that can handle a high volume of transactions, making it easier for businesses and individuals to adopt.
Moreover, the partnership could lead to the development of new products and services that can leverage this newfound scalability. For example, the work could enable the creation of new Web3 applications (dApps) that require high processing power and computing resources. This partnership opens up new opportunities for businesses and entrepreneurs to build their own decentralized applications on the Elastos network, leveraging the scalability and reliability of the Alibaba Cloud infrastructure.
Partnering with Alibaba Cloud can improve security for Elastos in several ways:
- Robust Infrastructure: Alibaba Cloud is a leading provider of cloud computing services and has developed a robust security infrastructure that includes features such as DDoS protection, data encryption, and network isolation.
- Compliance with Regulations: Alibaba Cloud is compliant with various industry standards and regulations. This relationship can help ensure that Elastos complies with regulatory requirements, which is crucial to operating.
- Global Network: Compliance with Regulations: Alibaba Cloud is compliant with various industry standards and regulations. This relationship can help ensure that Elastos complies with regulatory requirements, which is crucial to operating.
This partnership opens up the door for new chances to innovate in the web3 space in a number of opportunities:
- Access to Advanced Technologies:Alibaba invests heavily in research and development of cutting-edge technologies, such as artificial intelligence, machine learning, and Internet of Things. Partnering with them can provide Elastos with access to these resources and develop new use cases and applications.
- Leveraging the Ecosystem:Alibaba has a vast ecosystem of partners, developers, and customers. These connections and resources can help expand Elastos’ network and reach, potentially leading to new business opportunities and collaborations.
- Cost-Effective: Alibaba provides cost-effective and scalable cloud solutions, which can help Elastos reduce its infrastructure costs and scale its operations. These cloud capabilities can enable Elastos to focus more on new developments rather than worrying about managing its infrastructure.
“We’re proud to be partnering with Asia’s largest cloud provider. For five years, Elastos has been quietly building the foundations of Web3 and a more modern internet. With a full suite of open source, decentralized technologies for identity, security, communication, data storage and commerce, the Elastos ecosystem is fostering the next generation of GameFi, NFTs, and other assets and records onchain. With this strategic partnership, Elastos will be able to grow its ability to advance people’s right to forge and control their digital destiny.” – Fakhul Miah, Elastos Growth Lead
The partnership between Alibaba Cloud and Elastos represents a significant step forward in the quest for a more secure, scalable, and user-centric digital ecosystem. By combining the strengths of blockchain and cloud computing, this partnership offers a hybrid approach that allows Elastos to maintain control over data while benefiting from the advantages of cloud storage.
The collaboration creates new opportunities to expand the mission of decentralization. With Alibaba Cloud’s expertise and Elastos’ vision, this partnership has the potential to revolutionize the way we think about digital assets, data sovereignty, paving the way for a brighter future for all.
The article and graphics were created by the Elavation Team.