<div>
  <ul>
    <li>
      <p>
        IOTA Foundation,&nbsp;a blockchain-based IoT platform, has proposed &quot;IOTA Rebased,&quot; a new layer-1 protocol upgrade. The upgrade will be subject to a community governance vote on December 2, with a testnet version available for testing.
      </p>
    </li>
    <li>
      <p>
        IOTA Rebased allows users to program and deploy Move-based smart contracts on a parallelized DAG-based ledger. This ledger uses a new proof-of-stake consensus protocol named &quot;Mysticeti.&quot; The protocol features low transaction fees with an adaptive fee burn mechanism, sponsored transactions, and 150 validator slots with staking rewards of&nbsp; 10%&ndash;15% APY.&nbsp;
      </p>
    </li>
    <li>
      <p>
        The Foundation claims the upgrade will offer faster mainnet deployment than current IOTA 2.0 plans, enable 50,000+ transactions per second with subsecond finality, and accelerate ecosystem growth through improved programmability.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake: </b>
        This news marks IOTA&rsquo;s second major infrastructure development since it 
        <a href="https://blog.iota.org/iotas-evm-mainnet-launch/">
          integrated Ethereum-based layer-2 smart contracts
        </a>
         in May. While a number of projects, such as LayerZero, Stargate, Pyth, Goldsky, and over 30 native dApps, have successfully deployed on the network since its launch, this new layer-1 release will enable a new ecosystem of applications and use cases on the Movement network. 
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://blog.iota.org/iota-rebased-fast-forward/">
      Press release
    </a>
  </p>
  <p>
    <a href="http://cryptonews.com">
      cryptonews.com
    </a>
  </p>
</div>


Enterprise Blockchain Solutions

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

<div>
 <p>IOTA Foundation, a provider of a blockchain-based IoT platform, has announced "IOTA Rebased," which is a proposed layer-1 protocol enhancement. The community will vote on the upgrade on 2nd December, and a version of it is available for testing on the testnet.</p>
 <p>The new upgrade, IOTA Rebased, lets users create and roll out smart contracts on a parallel DAG-based ledger built on the Move programming language. This ledger utilises a fresh proof-of-stake consensus protocol known as "Mysticeti." Some of the highlighted features of this protocol include lower transaction charges due to a flexible fee burn mechanism, transactions sponsored by the protocol, and 150 validator slots offering staking rewards with an annual percentage yield of between 10% and 15%.</p>
 <p>The Foundation believes that with this enhancement, they will be able to deploy the mainnet faster than currently planned in IOTA 2.0. It will also be capable of processing over 50,000 transactions per second with finality achieved in less than a second. Additionally, ecosystem growth will be sped up due to improved programmability.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> This news marks IOTA’s second major infrastructure development since it <a href="https:<br>
//blog.iota.org/iotas-evm-mainnet-launch/"> integrated Ethereum-based layer-2 smart contracts </a> in May. While a number of projects, such as LayerZero, Stargate, Pyth, Goldsky, and over 30 native dApps, have successfully deployed on the network since its launch, this new layer-1 release will enable a new ecosystem of applications and use cases on the Movement network.</p>

IOTA Foundation proposes protocol update 'IOTA Rebased'

<div>
 <p>Own Your Business (OYB), a blockchain-based IP solutions provider, has entered into a partnership with Egomnia, an online job seeking platform. The collaboration aims to create a digital notarization and certification platform.</p>
 <p>The platform, which will create an unchangeable blockchain audit trail, will allow businesses and individuals to notarize and certify digital assets. Examples of these assets include graphic designs, patents, legal documents, and professional certifications. According to the company, the solution could benefit various industries including art, healthcare, energy, insurance, logistics, real estate, and procurement.</p>
</div>

Own Your Business partners with Egomnia to launch blockchain-based digital notarization platform

<div>
 <p>GearChain, a supply chain management platform that utilizes blockchain technology, has introduced a mobile inventory management application with integrated blockchain technology. This application, an enhancement of their current AI-powered inventory tracker, can be found on both Google Play and the App Store.</p>
 <p>Key features of the app include Google Sheets Auto Sync for instant updates, inbuilt barcode scanning with automatic lookup features, and verification of assets backed by blockchain through NFTs. The app also features GearGPT, an AI-powered chatbot.</p>
 <p>The platform provides more than 20 adjustable fields, such as GPS tracking, time stamps, stock quantity, and images. It also offers role-based permissions and a no-code builder for personalization purposes.</p>
</div>

GearChain launches blockchain-based mobile inventory management app

<div>
 
 <p>Blockchain infrastructure provider, Consensys, is reducing its workforce by 20% due to economic and regulatory challenges, including a legal battle with the SEC over allegations of unregistered brokering and illegal securities offerings. The job cuts will affect 163 employees from all departments who will receive severance packages, extended stock options and continued healthcare benefits.</p>
 <p>Going forward, Consensys will focus primarily on its core products like MetaMask, Ethereum's layer-2 network Linea and, according to CEO Joe Lubin, will be transitioning to a decentralized "Network State" operational model. The strategy aims to make the company more agile and AI-driven in order to maintain competitive advantage.</p>  
 
</div>

Consensys conducts layoffs citing regulatory battles and market pressure

<div>
 <p>zkPass, a protocol that preserves data privacy, has garnered a total of USD 15 million in funding with its Series A funding round contributing USD 12.5 million. The funding round was led by a network of investors including dao5, Animoca Brands, Flow Traders, Amber Group, IOBC Capital, Signum Capital, MH Ventures, and WAGMI Ventures, resulting in a token valuation of USD 100 million for zkPass.</p>
 <p>The firm has plans for expansion, looking to increase their employee base from 26, focusing on positions in engineering, marketing and business development.</p>

</div>

zkPass raises USD 12.5 million in Series A funding

<div>
 <p>A content delivery network called Blockcast has garnered USD 2.85 million in a seed funding round. Top investors include Lattice Fund, Protocol Labs, Finality Capital Partners, AllianceDAO, Zee Prime Capital, RW3 Ventures, and Anatoly Yakovenko from Solana. </p>
 <p>The firm has plans to further its platform and initiate a pre-order campaign for its home RELAY nodes. By connecting these devices to a home router and wall socket, consumers can engage in the content delivery procedure and receive rewards. </p>
 <p>Blockcast's CDN is decentralized, aggregating capacity from numerous nodes worldwide to present high-bandwidth content to vast audiences. It does this while cutting down on data usage, rebuffering, and latency. The company uses Multicast Adaptive HTTP Proxy (MAHP) tech for effective content delivery to multiple receivers concurrently via one physical resource. Furthermore, it offers broadcast security protocols and applies tried-and-tested CDN strategies, such as the Open Caching APIs, letting content providers securely increase their delivery architecture's capacity from broadcasters and internet service providers.</p>

</div> <p><b>Analyst QuickTake:<br>
</b> Blockcast offers a similar solution to <a href="https:<br>
//sp-edge.com/companies/803189"> Mawari Network </a> , which <a href="https:<br>
//sp-edge.com/updates/34067"> raised USD 10.8 million </a> in fresh funding last month. While Mawari Network focuses specifically on delivering content to spatial computing devices like AR/VR headsets, Blockcast aims to differentiate itself with its multicast technology, which enables efficient content delivery to multiple receivers (of any kind) simultaneously using a single physical resource.&nbsp;</p>

Blockcast raises USD 2.85 million in seed funding to build content delivery network

<div>
 
 <p>Mawari, a provider of a decentralized content delivery network, has raised $10.8 million in funding. The round was led by Anfield LTD, Borderless Capital, and 1kx and saw participation from Accord Ventures, Animoca Brands Japan, Blockchange Ventures, Draper Dragon, and iAngels, among others.</p>
 <p>The secured funds will be used for the improvement of Mawari's Spatial Streaming software development kit (SDK), investment in R&amp;D for decentralized spatial computing and expansion of their business development initiatives to reach a broader clientele and markets across Asia and the Americas. In addition, the company has revealed its plans to sell node licenses in the fourth quarter of 2024. </p>
 <p>Mawari Network offers a Decentralized Physical Infrastructure Network (DePIN) facilitating the real-time rendering and streaming of 3D content to spatial computing devices such as AR/VR headsets. Its network features unique 3D streaming CODEC and split-rendering technology that can compress 4GB streams to 10-14MB per second, reducing bandwidth requirements significantly. Furthermore, the company offers a proprietary Spatial Streaming SDK that can be integrated with 3D development environments like Unity and Unreal Engine. </p>
 
</div>

Mawari raises USD 10.8 million in strategic funding to further develop DePIN network

<div>

<p>IoTeX, a blockchain-based IoT infrastructure provider, has teamed up with Polygon Labs, a Web3 infrastructure provider. The partnership focuses on integrating IoTeX 2.0 platform with AggLayer, a blockchain interoperability solution by Polygon. The aim of this collaboration is to enhance cross-chain communication and liquidity across DePIN ecosystem of IoTeX. The integration of AggLayer will facilitate projects on various chains to methodically distribute rewards and allow users to choose their preferred blockchain for settling transactions.</p>

</div>

IoTeX partners with Polygon Labs to integrate IoTeX 2.0 with AggLayer

<div>
 
 <p>Hypernative, a blockchain security solutions provider, has secured USD 16 million from a Series A funding round. The round was led by Quantstamp and saw participation from several investors like Bloccelerate VC, Boldstart Ventures, Borderless Capital, CMT Digital, IBI Tech Fund, and Knollwood Investment Advisory, raising Hypernative's total funding to USD 27 million.</p>
 <p>The company plans to use this funding to break into new security stack verticals, bolster global presence, and augment its workforce. It is particularly looking to expand in the Asia-Pacific and US regions, and hire for roles across research and development, customer support, sales, and marketing.</p>
 <p>Hypernative is a Web3 security firm that offers real-time surveillance and risk prevention solutions for blockchain-based enterprises and end-users. It's platform, that employs unique machine learning models and anomaly detection mechanisms, is capable of monitoring both on-chain and off-chain data sources. This enables it to anticipate and mitigate over 200 types of risks including smart contract breaches, bridge security complications, and market manipulations before they pose any serious threat.</p>
 
</div>

Hypernative raises USD 16 million in Series A funding to expand globally and grow team

<div>
 <p>The Global Shipping Business Network (GSBN), a global consortium geared towards the evolution of blockchain-based shipping and logistics technology, has announced a partnership with Ant Digital Technologies, a company dedicated to blockchain technology development. The partnership is aimed at the creation of eBill of Lading (eBL) tokenization technology for Project Ensemble, a Central Bank Digital Currency (CBDC) initiative by the Hong Kong Monetary Authority (HKMA).</p>
 <p>The collaborative effort seeks to tokenize eBLs issued on the GSBN's blockchain platform, thus facilitating trade finance activities between corporations and financial institutions. Ant Digital Technologies will provide support for the tokenized eBLs on its own blockchain, allowing its users to carry out trade finance payments via tokenized deposits and CBDCs.</p> 
</div>

All Updates

IOTA Foundation proposes protocol update 'IOTA Rebased'

Own Your Business partners with Egomnia to launch blockchain-based digital notarization platform

GearChain launches blockchain-based mobile inventory management app

Consensys conducts layoffs citing regulatory battles and market pressure

zkPass raises USD 12.5 million in Series A funding

Blockcast raises USD 2.85 million in seed funding to build content delivery network

Mawari raises USD 10.8 million in strategic funding to further develop DePIN network

IoTeX partners with Polygon Labs to integrate IoTeX 2.0 with AggLayer

Hypernative raises USD 16 million in Series A funding to expand globally and grow team

GSBN partners with Ant Digital Technologies for eBL tokenization in Hong Kong

Enterprise Blockchain Solutions

IOTA Foundation proposes protocol update 'IOTA Rebased'

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