10 August 2023

Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx

The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the...

Acurast Announces the Launch of Tezos Native Integration, Expanding Beyond Ghost-Net

Acurast, a platform that helps developers build zero-trust apps, announces the launch of its Tezos native integration.

Disclaimer

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Read our full disclaimer here.

Acurast And Tezos

Following the successful launch of Canary Phase 1, Acurast is moving from Ghostnet to Mainnet on the Tezos Blockchain. This new integration showcases Acurast’s commitment to providing advanced blockchain services, integrating Web2 and other emerging technologies, and ensuring innovation within the Tezos ecosystem. 

About Acurast 

The Acurast Universe is a platform and protocol designed to enable Web3 projects and enterprises to realize the full potential of universal interoperability. Acurast serves as the foundation of novel use cases, forming a universe of interconnected worlds, and enabling developers to build unstoppable zero-trust applications.

In today’s Web3 space, we can observe some applications are not fully decentralized, and some still operate like a centralized application. For instance, multi-signatures often involve trust in individual parties securing billions of assets in rollups or oracles. This trust also extends to the Web2 space, particularly in cloud computation, where large cloud provider companies (e.g., Google Cloud and AWS) run most of the internet’s backbone, accessing and controlling vast amounts of data.

Acurast setup also includes dedicated mobile devices with robust security primitives. These devices have an inbuilt feature, like a hardware security chip which is leveraged for the trusted execution environment. These security chips in multiple devices enable us to form a decentralized network of computational resources, where anyone can participate with these devices and earn rewards from developers accessing these resources.

What is a Zero Trust Application?

Zero trust applications can be generalized as arbitrary computational tasks, which offer the guarantee to be run as specified and scheduled, without requiring trust in any third parties. There are some similarities to Ethereum smart contracts, which also allow developers to specify computational tasks and allow these to be run by an untrusted network, there are however some major differences: like versatility, confidentiality, and scalability.

Acurast Introduction

“We’re excited about our Tezos native integration, marking our transition from Ghostnet to Mainnet. This move underscores Acurast’s commitment to pushing boundaries in blockchain solutions and championing the full potential of Web3.”

Alessandro DeCarli, co-founder of Acurast

What does this mean for the Tezos Community?

This is going to open up the Tezos developer community to a new world of possibilities and will strengthen the development of more zero-trust decentralized applications with amazing use cases within the Tezos ecosystem.

Developers can utilize Acurast based on their defined needs. For instance, developers who wish to build a gaming application; they would require a Verifiable Random Number for determining game outcomes. Similarly, a developer aiming to create DeFi projects can employ Acurast to source price feeds for smart contracts from a centralized exchange.

Examples of projects that have already been using Acurast in the Tezos space include youves, which secures more than 50M worth of assets and utilizes Acurast as an oracle for price feeds. Besides this, Acurast can also be used for Verifiable Randomness – Acurast has already provided 518,000 verifiable randomness resolutions for commonskeles and Tezos Degen Club.

It can help to Secure Web3 Functions by facilitating interactions with EVM, Bitcoin, Substrate, and Tezos blockchains, enabling users to automate on-chain tasks like yield farming, DeFi strategies, limit orders, Uniswap V3 management, NFT acquisitions, and airdrop participation. In essence, it empowers versatile on-chain automation.

Acurast can be used for Confidential Data Pipeline: Utilizing a scalable confidential computing infrastructure, we securely crawl, manipulate, aggregate, and feed data to machine learning models, ensuring the utmost privacy and scalability.

Furthermore, Acurast empowers the users to make use of running automation (if this then that).

“Acurast is championing the interoperability narrative furthering a growing need for secure cross-chain communication and, more importantly, they are moving the industry a step closer to connecting traditional finance to the decentralised finance world.”

Michael Mendes, Head of DeFi Partnerships at TriliTech, an adoption hub for the Tezos blockchain

How the Tezos Community can participate in  Acurast

Using the Acurast Console, users have the option to create a Job to get access to off-chain data, computation, cross-chain communication, and more by becoming a Consumer. Or they can get started as a Processor by providing computational resources with a mobile device and earn rewards.

Processor

Processors are the infrastructure providers of Acurast’s decentralized Execution layer. Leveraging mobile devices and their Trusted Execution Environments to execute the computational requests of Consumers. You can become a Processor in 3 minutes by following this guide and start earning rewards.

Consumer

These are developers who want off-chain data or computation for their various projects. Data consumers are entities that request and retrieve data or computation from Acurast. The data provided by Acurast can be used for a variety of purposes, such as making decisions, executing transactions, or providing information to other systems or users.

Website | Twitter | Discord |Telegram |Documentation

Acurast

View More

The Acurast Builders Program Is Here With 1’500’000 cACUs In Rewards

The Acurast Builders program is a developer-first program designed to nurture talented builders developing apps utilizing Acurast to their advantage. Focused on novel projects that leverage Acurast as an added value.

Read More
Acurast And Tezos

Acurast Announces the Launch of Tezos Native Integration, Expanding Beyond Ghost-Net

Acurast, a platform that helps developers build zero-trust apps, announces the launch of its Tezos native integration.

Read More

Join The Acurast Webinar This Thursday And Find Out Why You Should Consider Becoming A Data Transmitter

The incentive to become a data transmitter is the fact that data consumers pay rewards to the data transmitters that they receive data from.

To make it easy to find the right data transmitter, a marketplace is created. This will launch in Q1 of 2023.

Read More

Adoption

View More

Updated Tezos Wallet App for Ledger Devices Introduces Enhanced Features

The Tezos wallet app for Ledger devices has been updated to version 3.0.3, introducing several significant enhancements that streamline the user experience and increase transaction security. This latest update offers important improvements designed to facilitate safer and more efficient interactions with the Tezos blockchain.

Read More

Magic to Accelerate Integration of the Tezos Blockchain with Support from the Tezos Foundation

The Tezos Foundation and Magic, the Wallet-as-a-Service provider, have announced a groundbreaking collaboration aimed at revolutionizing the accessibility and usability of Web3 technologies. This strategic partnership will utilize the pioneering decentralized Tezos blockchain and marks a significant milestone in the journey towards a more inclusive and user-friendly decentralized web experience.

Read More

Oxford 2 Upgrade for the Tezos Blockchain: Private Smart Rollups, Easier Baking, new Timelocks 

Tezos, a leading blockchain platform renowned for its self-amending capabilities and community-driven governance, has successfully activated Oxford 2, its fifteenth core protocol upgrade. The Oxford 2 upgrade includes enhancements to Smart Rollups and chain security and ensures Tezos remains at the forefront of blockchain innovation.

Read More

Disclaimer

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Read our full disclaimer here.

Upload Article

Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.

Hidden
Hidden
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Banner Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: jpg, jpeg, png, Max. file size: 128 MB.
Image
Accepted file types: pdf, doc, docx, Max. file size: 128 MB.
Submit Article: Suitable Formats = PDF, WORD
By Uploading an article, you are accepting all to all copyright and information that is to the best of your knowledge true and accurate.
Agree(Required)

Other News

View More

Degenerator Aims to Bring Memecoin Supercycle to Tezos via Etherlink

Degenerator.wtf aims to revolutionize the memecoin market on Tezos by making memecoin creation accessible and secure. Using Etherlink, Tezos’s first EVM-compatible rollup, Degenerator.wtf offers a user-friendly platform for generating and trading memecoins, featuring customizable token creation and a sustainable ecosystem. This initiative enhances Tezos’ role in the evolving attention economy.

Read More

Unveiling SpicySwap: Tezos’ Next-Gen DEX

Developed by Genius Contracts, SpicySwap offers users a seamless and efficient trading experience while introducing novel features to the Tezos ecosystem.

Read More

Updated Tezos Wallet App for Ledger Devices Introduces Enhanced Features

The Tezos wallet app for Ledger devices has been updated to version 3.0.3, introducing several significant enhancements that streamline the user experience and increase transaction security. This latest update offers important improvements designed to facilitate safer and more efficient interactions with the Tezos blockchain.

Read More