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HTX Ventures: One Week After the Ethereum Dencun Upgrade

HTX Ventures

Singapore / March 22, 2024 – The Ethereum network underwent a significant evolution with the implementation of the Dencun upgrade on March 13th, 2024. It is a great party for Ethereum rollups as Layer 2 costs drop significantly and open up vast opportunities. In this report, HTX Ventures examines the immediate impacts observed in the week following the upgrade, focusing on cost reduction, network performance, and the broader implications for the Ethereum ecosystem. As stakeholders in Ethereum's growth, HTX Ventures is enthusiastic about the potential unlocked by these developments. The Dencun upgrade not only facilitates a more inclusive ecosystem but also paves the way for innovative and complex applications in gaming, SocialFi, DeFi, cross-chain interoperability, and more. HTX Ventures, the global investment arm of HTX, leverages an integrated approach that combines investment, incubation, and research to identify the most exceptional and promising teams around the world. To date, HTX Ventures has supported over 200 projects spanning multiple blockchain tracks, with some high-quality projects already listed on HTX for trading. In the chart, we can see the Ethereum market is hyped until the date of Dencun upgrade, March 13th, 2024. Source: Google Finance Cost Reduction and Network Efficiency EIP4844 Integration The Dencun upgrade introduced EIP4844, which implemented data blobs—a development aimed at addressing Ethereum’s high fees and slow processing times. Although the full impact on cost reduction is yet to be completely realized due to the technical integrations into roll ups, the initial effects on Layer 2 gas fees indicate substantial improvements: 1.Significant Fee Reductions Across L2 Solutions: The integration of data blobs led to notable decreases in transaction fees across various L2 platforms: Changes in Average Transaction Fees: A 50%-99% decrease in median (Dated March 14th, Source: DuneAnalytics Dashboard) A rbitrum: $0.39 -> $0.14 B ase: $0.37 -> $0.03 Optimism: $0.32 -> $0.01 zksync: $0.19 -> $0.1 Zora: $0.2 -> $0.001 These reductions represent a decrease ranging from 50% to over 99% the day after Dencun upgrade, showcasing the upgrade’s immediate effectiveness in making transactions more affordable. 2. Cost of Posting data: (Dated March 14th, Source: DuneAnalytics Dashboard) Layer 2s shift to blob-based data posting has also led to an 88% reduction in data cost when posting data to ethereum, dropping the cost of posting data from a high of $400 per transaction to approximately $40 in the following week. 3. No Mainnet Gas Fee Reduction: Currently, the price of Ethereum gas has not been significantly affected. However, as adoption of the Blob API continues, reductions in Ethereum gas fees might be observed. This decrease in fees can be attributed to several factors, including the redirection of rollup demand to blobs, which frees up capacity for the Ethereum execution layer, and the separation of Ethereum gas fees and blob fees. Source: https://ycharts.com/indicators/ethereum_average_gas_price Future Outlook and Danksharding Danksharding remains a pivotal element in Ethereum’s upgrade roadmap, promising further enhancements to network capacity and performance. Planned improvements include increasing the number of blobs per block and exploring advanced data availability (DA) solutions such as PeerDAS. Concurrently, research continues on MEV resistance, Verkle Trees, and network optimization efforts to make Ethereum a more efficient, user-friendly ecosystem. Next Steps and HTX Ventures' Perspective As stakeholders in Ethereum's growth, HTX Ventures is enthusiastic about the potential unlocked by these developments. The Dencun upgrade's focus on cost reduction, scalability, security, and usability not only facilitates a more inclusive ecosystem but also paves the way for innovative and complex applications in gaming, SocialFi, DeFi, cross-chain interoperability, and more. Emerging Trends and Competitive Landscape 1. The return of application-specific chains to Ethereum, now reimagined as application-specific rollups, together with the emergence of new L2 and L3 solutions, signifies a significant shift within the Ethereum ecosystem. 2.Increased competition among L2 solutions underscores the importance of community engagement, infrastructure development, and a holistic approach to growth encompassing business development, sales, and marketing strategies. Ethereum sidenote: Separately, the introduction of Eigenlayer expands the ethereum ecosystem outreach to a vast number of protocols, introducing greater flexibility and diversity to the ethereum ecosystem to ensure a more agile ecosystem. The pending approval of the ETH ETF, along with the SEC's decision on categorizing Ethereum, will have a significant impact on the asset's exposure in traditional markets. HTX Ventures is closely monitoring developments related to this event. Conclusion: HTX Ventures remains committed to supporting Ethereum’s journey, providing comprehensive assistance to projects that are at the forefront of decentralized data innovations. By fostering cutting-edge technologies, we aim to contribute to the long-term success and expansion of the Ethereum ecosystem. Reference Offchain lab twitter space: https://x.com/OffchainLabs/status/1768631403540091131?s=20 Tom Wan: https://x.com/tomwanhh/status/1768423766151905313?s=20 HTX ETH Dencun Upgrade Twitter space: https://twitter.com/i/spaces/1ZkKzjvanBZKv?s=20 https://ycharts.com/indicators/ethereum_average_gas_price https://www.google.com/finance/quote/ETH-USD?sa=X&ved=2ahUKEwiZqoz1wISFAxV7EGIAHUAbAB4Q-fUHegQIBxAf&window=YTD About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

March 23, 2024 05:17 AM Eastern Daylight Time

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Amplus AC Announces Expansion of Service Coverage to Include Surrounding Areas of Hollywood, FL

Rev Up Marketers

Amplus AC, a trusted air conditioning company in Hollywood FL, is excited to announce the expansion of its service coverage to include neighboring areas. With a commitment to providing top-notch air conditioning solutions, it has long been recognized as a reputable name in the industry. Residents and businesses in the newly covered areas can now rely on Amplus AC for a range of air conditioning solutions, including installation, repair, and maintenance. With a team of skilled technicians, the company is poised to deliver efficient and effective services tailored to the unique requirements of each customer. Whether it's ensuring that homes stay cool during the sweltering summer months or providing businesses with climate control solutions for optimal productivity, the company is equipped to handle a variety of air conditioning needs. From minor repairs to full system installations, customers can trust them to deliver prompt and reliable service. The decision to expand service coverage comes at a time when reliable HVAC services are in high demand, particularly in regions like Miami where extreme temperatures are common. By reaching out to surrounding areas, the company hopes to fill a crucial gap in the market and provide much-needed relief to those in need of a dependable air conditioning contractor in Miami FL. Expanding service coverage to include surrounding areas aligns with their vision of becoming the go-to HVAC provider for communities across South Florida. By extending its reach, the company aims to forge lasting relationships with customers and become a trusted partner in their quest for comfort and convenience. As the company continues to grow and expand its reach, it remains committed to its core values of integrity, reliability, and excellence. With the addition of new service areas, the company looks forward to building strong relationships with customers and becoming a trusted partner in their journey towards better indoor comfort. For more information about Amplus AC and its expanded service coverage, please visit https://amplusac.com/ or contact 954-9207575. About Amplus AC: Amplus AC is a leading air conditioning company serving Hollywood, FL, and surrounding areas. With a focus on quality, professionalism, and customer satisfaction, the company offers a range of HVAC services, including installation, repair, and maintenance. With years of experience in the industry, it is committed to providing efficient and effective solutions to meet the diverse needs of its customers. Contact Details Amplus AC Mike Perez +1 954-920-7575 Mikep@amplusac.com Company Website https://amplusac.com/

March 22, 2024 04:48 PM Eastern Daylight Time

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Valdes Investigation Group Redefining Private Investigation Standards in Florida

Rev Up Marketers

Valdes Investigation Group, a full-service investigation agency headquartered in Miami, Florida, has established itself as a leading entity in this realm, catering to a wide array of investigative requirements with dedication and expertise. The agency demonstrates discretion, honesty, and thoroughness in its investigations, led by a skilled team of private detectives in Florida. With recent developments, Valdes Investigation Group has curated a team of licensed private investigators in Miami adept at navigating the region's intricacies. Whether conducting discreet surveillance operations or delving into intricate background checks, the agency's operatives exhibit a blend of skill, resourcefulness, and cultural sensitivity essential for effective investigation in Miami's vibrant landscape. With investigators proficient in both English and Spanish, Valdes Investigation Group bolsters seamless communication and comprehension throughout the investigative process, fostering trust and transparency with clients of diverse linguistic backgrounds. Operating with utmost discretion and confidentiality, Valdes Investigation Group serves insurance companies, banking institutions, legal entities, and government agencies. Operating in the dynamic setting of Florida, Valdes Investigation Group is a vital resource for those seeking the truth in matters ranging from personal affairs to complex corporate inquiries. One distinctive highlight of Valdes Investigation Group is its commitment to bilingualism, demonstrating versatility and inclusivity in serving Miami's cosmopolitan population. Moreover, Valdes Investigation Group's extensive network of offices statewide, nationwide, and in the Caribbean underscores its capacity to address investigative needs beyond the confines of Miami. This expansive reach not only enhances the agency's operational capabilities but also reinforces its reputation in the pursuit of truth and justice. The role of a private detective agency transcends mere surveillance and investigation; it embodies a commitment to uncovering truth, providing clarity, and delivering justice. Through its meticulous approach, ethical standards, and relentless pursuit of truth, the agency continues to carve a niche for itself in the ever-evolving landscape of private investigation. Valdes Investigation Group offers expertise and dedication in the pursuit of truth and justice. With each case it undertakes, the agency aims to provide reliable support in seeking clarity and resolution. For more information about Valdes Investigation Group and its services, please visit their website. About Valdes Investigation Group: Valdes Investigation Group is a leading private detective agency based in Miami, Florida. The agency offers thorough investigative solutions customized to suit its clients' various needs, with a team of experienced professionals dedicated to integrity and excellence. They have various offices statewide, nationwide, and in the Caribbean. The quality and excellence of every investigation they handle reflect their commitment to their clients. Contact Details Valdes Investigation Group Ms. Valdes clientservice@valdesinvgr.com Company Website https://valdesinvgr.com/

March 22, 2024 04:43 PM Eastern Daylight Time

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Reward Pool Doubling! HTX Liquid Restaking to Add $50M Staking Quota on March 25

HTX

On March 25, HTX will be adding another $50 million staking quota for the Liquid Restaking event, thereby doubling the current reward pool. According to reports, the event attracted over 10,000 participants within just 10 minutes of its debut, with participants eagerly securing their share of the initial $50 million staking quota. HTX Increases Prize Pool Amid Ongoing Restaking Fever With the completion of the Dencun Upgrade, Ethereum and its associated ecosystem are showing robust performance. The narrative of liquid restaking (LRT) has garnered substantial market attention with the surge of EigenLayer projects. As the first crypto exchange to support Restaking, HTX pioneered the Liquid Restaking event, allowing users to share on-chain rewards in an easy, risk-free way. Since its debut, the HTX Liquid Restaking event has been met with enthusiasm from users. Currently, the event boasts over 20 million followers and 58,000 participants, with a total participation amount exceeding $100 million. By enrolling now, participants will not only receive daily on-chain rewards generated by the platform's $50 million staking quota but also stand a chance to double their rewards as the platform adds another $50 million staking quota on March 25. Meanwhile, participants will be able to enjoy a 150% boost on their rewards as the platform prepares to roll out the following features soon. 1. Join by Teaming Up with Friends: Participants can team up with their friends to get enrolled in Liquid Restaking and consequently enhance their reward sharing. 2. Enjoy Boost Based on Contributions to the Platform: Participants' daily trading fees and HTX holdings (in spot and Earn accounts) can help raise their share of rewards. 3. More Accounts Available: Participants' assets in futures accounts will also be snapshotted, besides spot accounts, to boost their share of rewards. Platform users can invite friends to share the prize pool! Simply by clicking "Enable All" on the event page, they'll be able to participate in Liquid Restaking with multiple cryptocurrencies and through multiple accounts. Join the HTX Liquid Restaking to Earn Initial Airdrops from Trending Projects HTX provides easy access to the Liquidity Restaking event. Visit the Liquid Restaking event page on the platform, and users can easily enroll in the event with just one click. Remember to fund your HTX account by making deposits, trades, etc., to hold at least $1 worth of BTC, ETH, USDT, HTX, TRX, or other designated assets. Rewards you can expect to receive: ● EigenLayer's initial airdrop (A trending Ethereum restaking project with TVL of over $7 billion) ● Puffer's initial airdrop (A trending Ethereum restaking project with TVL of over $1 billion) ● Merlin Chain's initial airdrop (A Bitcoin Layer 2 solution with TVL of over $1.5 billion) ● BounceBit's initial airdrop (A Bitcoin staking chain with TVL of over $0.45 billion) ● Crypto rewards, such as ETH, USDT, HTX, and TRX Event rewards will be distributed in various LRS points. You can redeem these points for corresponding cryptocurrencies after the designated projects distribute airdrops. The distribution timing of the rewards depends on the projects' initial airdrop schedule, which may commence after April. Rest assured that your assets on the HTX exchange will always be safeguarded regardless of any risks that may occur on the blockchain during the event, and the earnings will be distributed in the form of rewards. HTX will fully bear any potential losses that may occur, providing you with a worry-free participation experience. The HTX Liquid Restaking event, boasting features such as high value, free claims, greater flexibility, and zero risk, provides CEX users with an excellent opportunity to share on-chain rewards in an easy, risk-free way. Given participants' enthusiasm in grabbing the initial $50 million staking quota, it's advisable to stay informed about the upcoming second round, which will add an extra $50 million staking quota. Join early to maximize your rewards and points. Don't miss the opportunity to reap on-chain rewards offered by the HTX Liquid Restaking event. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

March 22, 2024 08:20 AM Eastern Daylight Time

Consumer Staples Sector ETF XLP: The Essential Goods Market can be a Strategic Investment

Select Sector SPDR

The Consumer Staples Select Sector SPDR Fund (XLP) is pleased to provide an update on its portfolio composition, offering investors a unique opportunity to gain exposure to the consumer staples sector. The ETF offers an appealing option for investors looking to implement a sector rotation strategy or tilt their portfolio towards defensive assets. This sector includes companies involved in the development and production of essential consumer products such as food and drug retailing. Currently, XLP's top holdings* include a comprehensive list of well-known stocks from industry-leading companies: Procter & Gamble (14.76%) Costco Wholesale (12.97%) Coca-Cola (9.20%) PepsiCo (8.96%) Walmart (4.94%) Mondelez Int’l (4.36%) Philip Morris Int’l (4.18) Altria (3.28%) Colgate-Palmolive (3.23%) Target (3.20%) These companies represent a cross-section of the consumer staples sector, providing goods and services that consumers use on a daily basis. As such, these companies can offer stability during times of economic uncertainty, making XLP a potential strategic investment option. XLP has consistently provided precise exposure to companies from consumer staples distribution and retail, household products, food products, beverages, tobacco, and personal products sectors. With total net assets of over $15 billion, XLP continues to be a significant player in the ETF market. The XLP's strategy of investing in companies that produce essential consumer products has proven to be a consistent approach. Its holdings are composed of industry-leading companies that have a strong presence in the consumer staples sector. This makes XLP a potentially robust and resilient investment option, even during challenging economic conditions. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Holdings, Weightings & Assets as of 2/29/24 subject to change DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007375 EXP 4/30/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

March 22, 2024 05:00 AM Eastern Daylight Time

HTX Pioneers the Era of Negative Fee Rates for BTC Trading: Daily Rewards of 100,000 USDT

HTX

HTX’s “Trade to Earn” has attracted widespread attention in the market since its launch on March 15, with popularity and influence steadily rising. This innovative model has not only attracted many users to actively participate but also set a new benchmark in the industry. 3 Days Since Launch: Cumulative Trading Volume Exceeds 1 Billion USDT According to official sources, within three days of its launch, HTX’s “Trade to Earn” has generated a cumulative trading volume exceeding 1 billion USDT, and its trading depth has returned to the Top 3. The trading volume has surged by 179% compared to before the event started. The platform has distributed rewards totaling over 300,000 USDT and bought back and burnt $HTX worth 160,000 USDT. This performance not only demonstrates the strong appeal of the HTX platform but also reflects that users highly recognize the “Trade to Earn” model. At the same time, this initiative effectively reduces the supply of $HTX, thus enhancing its stability and value. The Trade to Earn event is a benefit for all trading users at the HTX exchange. After successful registration for this event, participants can earn $HTX as rewards by trading designated cryptocurrencies. Additionally, all daily trading fees generated will be fully utilized for $HTX buybacks to support stable appreciation. 100% of $HTX acquired through buybacks will be entirely burned. This event enhances the platform's liquidity through reduced trading costs and improved trading efficiency, offering users better trading experience. Meanwhile, the supply of $HTX will be decreased through the event to enhance its stability and value, which will help attract more investors and users to participate in ecosystem development. Most importantly, this burning method also grants more earning opportunities for HTX DAO users. Through participation in liquidity mining and staking, users can receive more rewards in tokens, thereby achieving wealth appreciation. Until April 14: Daily Distribution of Rewards Worth 100,000 USDT According to an official announcement from HTX, the “Trade to Earn” event will continue until 11:59:59 (UTC) on April 14, with daily distributions of $HTX worth 100,000 USDT to provide users with more opportunities for wealth appreciation. In this round of activity, BTC/USDT is the designated spot trading pair for "Trade to Earn. The Trade to Earn event is on a daily basis. A day is defined from 12:00 (UTC) on Day T to 11:59 (UTC) on Day T+1. Event rewards will be calculated and updated starting on Day T+2 at 04:00 (UTC). Please claim your $HTX in time. In addition, this event is open to all users, including market makers and API traders. Users must have a Rocket count of ≥300 and successfully register on the event page to be eligible for the event. It is also worth noting that HTX actively listened to the suggestions of the HTX DAO community. After 16:00:00 (UTC) on March 19, 2024, participants in the "Trade to Earn" event will receive a portion of their trading fees as a reward, which will no longer be allocated as commissions to their higher-level partners. Other trading pairs will remain unaffected. This initiative aims to further increase the daily buyback amount of $HTX to support stable $HTX appreciation. "Trade to Earn" serves as an innovative model for cryptocurrency trading and empowerment, provides users with broader opportunities to engage in trading and earn profits. HTX will continue to improve the “Trade to Earn” model, optimize user experience, and enhance platform value. At the same time, it will actively explore more innovative business models to provide users with more diversified and efficient digital asset trading services. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

March 22, 2024 02:42 AM Eastern Daylight Time

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Diamond Lake Minerals CEO Brian J. Esposito on how tokenization is changing the game for investors

Diamond Lake Minerals Inc

Diamond Lake Minerals Inc (OTC:DLMI) CEO Brian J. Esposito discusses the company's pioneering role in the development of digital assets and SEC-registered security tokens during an interview with Proactive's Stephen Gunnion. Esposito emphasized the potential of tokenization in redefining investing by opening up global markets to real-world assets previously inaccessible to many investors. He highlighted the importance of operating within regulatory frameworks and the benefits of blockchain technology, including enhanced security and transparency for investors. The company aims to be a trusted authority in the tokenization space, offering exceptional assets through security token offerings or similar mechanisms. Esposito also discussed the challenges of traditional investment mechanisms in real estate and other sectors, suggesting that tokenization could democratize access to investment opportunities, creating liquidity and potentially enabling wealth generation for a broader audience. He further explained DLMI's strategic partnership with Avrio Worldwide PBC, a registered market infrastructure provider with a full technology stack, and their approach to creating value through a hybrid model that combines traditional business growth with the opportunities presented by security token offerings. Esposito welcomed regulatory scrutiny to ensure the safety and security of these new technological advances, while also stressing the need to balance regulation with innovation. He concluded by outlining the company's future plans, which include expanding its portfolio of businesses and continuing to establish their position as a leader in the tokenization space. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

March 21, 2024 12:28 PM Eastern Daylight Time

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PainChek leads innovation in AI-based pain assessment

PainChek Ltd

PainChek Ltd (ASX:PCK), a medical device company, is pioneering the use of an app, leveraging artificial intelligence (AI) for pain assessment in vulnerable individuals unable to communicate their pain due to conditions such as dementia, cognitive impairments, or in pre-verbal children. In and interview with Proactive's Stephen Gunnion CEO and managing director Philip Daffas highlighted that PainChek's app is the world's first regulatory-cleared medical device for this purpose. It utilises AI for facial analysis to detect nine micro facial features indicative of pain, assisting carers in aged care and hospitals to document and score the severity of pain. PainChek has achieved a first mover advantage with patents in the US, Europe, Japan, and the UK, protecting its technology until 2038. The company has regulatory clearance in Australia, New Zealand, Canada, the UK, the EU, Singapore, and Malaysia, with ongoing clinical studies in the US aimed at FDA clearance. PainChek reported its fifth consecutive quarter of double-digit growth in the December quarter, with 85,000 licences across 1,400 aged care facilities on three continents. With an annual recurring revenue of around $4 million, the company sees a significant growth opportunity in aged care, home care, and the hospital sector. Key milestones for investors include expansion in regulatory-cleared markets, entry into the US market upon FDA clearance, and the launch of an infant app for pain assessment in the home. Contact Details Proactive Australia Pty Ltd Proactive Australia Pty Ltd +61 431 597 771 writers.australia@proactiveinvestors.com

March 21, 2024 12:07 PM Eastern Daylight Time

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Trust Stamp unveils white paper on Stable IT2 for enhanced biometric security without data storage

T Stamp Inc

Trust Stamp Inc, through its Chief Commercial Officer Kenny Chan discusses the company's innovative Stable IT 2 technology, designed for enhancing online digital experiences, particularly in fast identity online applications. The technology distinguishes itself by enabling biometric authentication without the need to store any biometric data, thereby enhancing user privacy and security. Unlike traditional systems that require storing a facial template or picture, Stable IT 2 performs authentication while preserving user anonymity. The white paper co-authored by Chan aims to inform the public about the limitations of current biometric systems, which typically rely on device-based authentication or the storage of biometric templates. It highlights the vulnerability of current systems to fraud, such as SIM swap attacks and the interception of one-time passcodes, proposing Stable IT 2 as a more secure alternative. This new technology supports authentication through a combination of a device and a biometric input, without the need to store biometric data. For users, the benefits of integrating Stable IT 2 include enhanced account security through multi-factor authentication, the elimination of the need to store biometric data, surpassing the security offered by passkeys, and portability of authentication across devices. The technology is also a step towards creating digital identity tokens, enabling secure digital wallets that contain personal and financial information protected by multiple layers of authentication. Moving forward, Trust Stamp is seeking partnerships with merchants, financial institutions, and identity wallet partners to implement the Stable IT 2 technology in securing digital assets. Chan's discussion underscores the company's commitment to advancing privacy and security in the digital domain. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com

March 21, 2024 12:01 PM Eastern Daylight Time

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