February 2024 update

February 2024 update

From forging strategic partnerships at ETHDenver to launching our highly anticipated 25 million $MPC AirDrop program, the shortest month of the year has been a whirlwind of excitement and growth for Partisia Blockchain. We solidified ties with Georgia’s Innovation and Technology Agency, ventured into new realms with TeraBlock and Verida through engaging AMAs, celebrated the ingenuity of our hackathon winners, and embarked on a mission to empower Rust developers with TinTinLand. With fast track grants, educational initiatives, and a thriving community, we are ready for even greater success ahead. Thanks to our incredible community for your unwavering support – let’s make Q1 unforgettable!

Partnering with Georgia’s GITA to advance innovation

In early February 2024, Partisia Blockchain achieved a significant milestone in advancing innovation by solidifying ties with Georgia’s Innovation and Technology Agency (GITA) under the Ministry of Economy and Sustainable Development. Partisia Blockchain will play a key role in shaping the minds of participants in GITA’s educational programs, contributing insights on MPC, homomorphic encryption and their integration with blockchain technology. This commitment to education reflects the shared vision of advancing technology while ensuring knowledge and understanding pave the way for a sustainable future.

Expanding reach through strategic partnerships at ETHDenver

ETHDenver was a platform for new partnerships, expanding our horizons and widening the reach of our unique technology. Trustswap, a provider of decentralized finance tools for token holders and Web3 businesses, is integrating Partisia Blockchain into their Crypto App, expanding MPC accessibility to 5 million users. Partisia Blockchain also partnered with Sierra Block Games, Web3 development, consulting and educational services organization, for validator services and adoption support. We will also collaborate with IoTex to realize the Decentralized Physical Infrastructure Network (DePIN), safeguarding users’ IoT data ownership and monetization while rewarding data use without exposing confidential details. Together, they aim to protect users’ private IoT data and enable its secure utilization.

Partisia Blockchain’s highly anticipated 25 million MPC AirDrop program

We were thrilled to launch our first official AirDrop on 1 February, marking a significant milestone for ecosystem adoption. With the governance vote for MPC token transferability looming, this AirDrop underscored Partisia Blockchain’s vision. Boasting an impressive pool of 25 million $MPC tokens, it offered unparalleled opportunities for early adopters. The first tranche kick started ecosystem expansion. Participants gained firsthand experience with leading MPC and blockchain technology, secured the network, and explored innovative dApps. As we geared up for MPC token listing, this AirDrop invigorated the ecosystem. 

We were thrilled to see our AirDrop program resonate strongly with the community, especially given the impressive growth in our ecosystem. Since its inception, our ecosystem has witnessed remarkable progress:

  • BYOC TVL increase: 780%
  • Total wallets increase: 43%
  • BNB BYOC increase: 154%
  • ETH BYOC increase: 358%
  • MATIC BYOC increase: 6141%
  • USDC BYOC increase: 3169%
  • USDT BYOC increase: 1619%

These statistics underscore the growing momentum and enthusiasm within our community, and we have you to thank. Detailed participation information can be found on our official AirDrop page.

Fast Track Grants: empowering developers to drive growth

We launched our fast track grants in February 2024. These grants are geared toward developers planning to build something smaller in nature, and does not have to be geared toward building a business. We will pursue developers who wish to contribute to the community by building examples, PoC, and tools. For more information about our Grants Program, click here.

Engaging AMAs: Exploring new frontiers with TeraBlock and Verida

On 14 February, we held the second AMA with the up and coming cross-chain decentralized exchange TeraBlock. This time around we invited TeraBlock’s Shivam Tandon, Founder and CEO, and Muhammad Ali, Chief Commercial Officer, to provide insights from a non-developer’s perspective, on why Terablock is a game changer for DeFi, powered by the Partisia Blockchain. On 22 February, we held a dual AMA with ecosystem partner Verida. Mathias Glintborg, our Head of Product, and Chris Were, CEO of Verida, both introduced the projects to each other’s community, its use cases and technological achievements. An excellent primer for both data on decentralized Identity for Web3 (Verida) as well as multiparty computation.

Celebrating innovation: Highlights from our Hackathon winners

Our Building Privacy in Web3 Hackathon concluded with a bang. We announced six winners, all projects that showcase our unique capabilities. From random number generations to supply chain management to zero-knowledge games, developers came out to really showcase their talent and show us how our amazing technology can be used. We will be continuing to work with them to bring them into the mainstream.

Empowering Rust developers through TinTinLand’s learning program

Partisia Blockchain and TinTinLand are set to launch a learning program aimed at attracting more Rust developers to our ecosystem. Currently, only 22,000 out of 30 million global developers are engaged in Web3. The collaboration aims to scale the developer ecosystem and unlock the Chinese developer community, attract new Rust developers from China, organize hackathons, workshops, and developer meetups, and promote our Grants Program. Together, we hope to expand developer engagement and foster growth within our ecosystem, particularly in China.

Thanks again to our amazing community for your dedicated support, we look forward to an exciting end to Q1 next month.

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Bringing zero-knowledge technology to Georgia in a historic partnership

Bringing zero-knowledge technology to Georgia in a historic partnership

Last week, the Partisia Blockchain team journeyed to Georgia, a land rich in cultural heritage as the birthplace of wine and now at the forefront of blockchain innovation. Here is a short recap of our fruitful trip.

Memorandum of Understanding (MoU) with leading GITA agency

Last Thursday marked a milestone as Partisia Blockchain formalized its collaboration with the Georgian Innovation and Technology Agency (GITA) through the signing of a Memorandum of Understanding (MoU). This pivotal agreement with GITA under the Ministry of Economy and Sustainable Development sets the stage for collaborative efforts aimed at driving advancements in Web3 technology, both within Georgia and the wider Caucasus. By leveraging their combined expertise and resources, Partisia Blockchain and GITA will explore innovative solutions and applications of blockchain technology, fostering joint support for innovative projects, educational initiatives and frameworks for implementation. This collaboration signifies a commitment to shaping the digital transformation landscape, contributing to economic growth, innovation and societal development in Georgia and beyond.

Expanding the Partisia Blockchain community and ecosystem

Our team had the pleasure of meeting with members of the Georgian Web 3.0 community, where we showcased the transformative potential of Partisia Blockchain and multiparty computation (MPC) technology, our latest MOCCA solution and a range of other advantages of MPC. Additionally, we introduced our Grants Program aimed at fostering innovation in the Caucasus. In Tbilisi, we were treated to an exclusive demo of the Nova Miningverse video game, a tangible showcase of Partisia Blockchain’s capabilities. This was followed by an informal meeting with the team behind the game.

Strategic discussions continued

Last Friday began with a meeting with Razhden Kuprashvili, Head of the Georgian Anti-Corruption Bureau and his team at the Administration of the Government of Georgia. We discussed the potential of MPC and blockchain technology in combating corruption. Later, we exchanged ideas with entrepreneur Vako Turnava at the offices of his companies Sweeft and Skillwill. Conversations revolved around the various applications of MPC and privacy-enhancing technologies, emphasizing the importance of education and training.

This trip showcased the possibilities of blockchain technology and strengthened our commitment to driving positive change in Georgia and beyond. Stay tuned for updates as we continue to push the boundaries of innovation and collaboration in the world of Web 3.0.

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January 2024 update

Strong start of the year

January marked a strong start to 2024 for Partisia Blockchain, featuring groundbreaking developments and strategic partnerships that define our dynamic journey for the year. Unveiling the revolutionary MPC On-Chain Custody Advanced (MOCCA) solution in Davos, we explored the transformative potential of MPC and delved into its pivotal role in reshaping the digital landscape. Engaging in impactful discussions during the World Economic Forum, we highlighted the importance of blockchain in rebuilding trust and announced collaborations with five innovative projects. Interviews with our thought leaders shed light on the evolving digital terrain, covering artificial intelligence discussions in Davos and the potential of Web3 and MPC. As we venture into February, exciting initiatives include the AirDrop program and a thriving Hackathon, accompanied by significant tech highlights, promising a month of continued innovation.

Introducing our MPC On-Chain Custody Advanced (MOCCA) solution

Partisia Blockchain introduced a revolutionary leap in decentralized custody solutions with the unveiling of MOCCA (MPC On-Chain Custody Advanced solution) in Davos during the World Economic Forum. MOCCA stands out for its decentralized and programmable multichain custody, offering enhanced security, compliance, and privacy. Backed by 35 years of MPC research, MOCCA addresses limitations of traditional smart contracts and centralization, providing institutions and organizations with genuine decentralization and flexibility in securing digital assets across multiple chains. Notable features include fully programmable custody smart contracts, blockchain-agnostic multichain functionality, and swift, cost-effective deployment directly on-chain.

A week of influence and innovation in Davos

Davos 2024 marked a week of unparalleled influence and innovation for Partisia Blockchain, solidifying its presence on Promenade during the World Economic Forum (WEF) for the second consecutive year. The launch of the MOCCA solution set a new industry standard, addressing infrastructure fortification, transparency, and expanded usability. Discussions in Davos focused on the pivotal role of blockchain in rebuilding trust, with an increased emphasis on regulatory landscapes, particularly Europe’s MiCA regulation and global supervisory actions. Brian Gallagher, Co-Founder of Partisia Blockchain, emphasized the importance of building decentralized trust networks, and discussions spanned cross-chain liquidity, Central Bank Digital Currencies (CBDCs), stablecoins, cybersecurity priorities, and identity management. We were proud to have Shirly Valge, Chief of Growth, participate in the first-ever Women in Web3 Global Summit, connecting with visionary women leaders. Beyond more than 40 engagements, fruitful meetings resulted in letters of intent, collaborations, and agreements, making Davos 2024 a landmark event shaping the future of blockchain through regulatory advancements and technological breakthroughs, highlighting the industry’s commitment to innovation and trust-building.

Exploring the outlook for MPC in 2024 and beyond

Kurt Nielsen explored the transformative potential of multiparty computation (MPC) for 2024 in a recent blog. Partisia Blockchain envisions MPC becoming fundamental for secure, collaborative digital interactions. Key highlights include mainstream integration across industries, with a focus on finance and healthcare for safeguarding sensitive data. MPC will revolutionize decentralized identity, enhance privacy in blockchain, offer quantum-ready solutions, and accelerate innovation in artificial intelligence and machine learning. Financial sectors and healthcare research will lead MPC adoption, while DeFi expands beyond blockchain, addressing edge computing security and driving standardization initiatives.

In recent press interviews, Partisia Blockchain’s thought leaders shared valuable insights into the rapidly evolving digital landscape. Shirly Valge engaged in an insightful conversation with CoinDesk in Davos, delving into discussions where AI took center stage. As our Chief of Growth, she provided a unique perspective on the dynamic landscape. Brian Gallagher, Co-Founder of Partisia Blockchain, explored the potential of Web3 and secure multiparty computation (MPC) in an interview with the Human and Machine Channel. The discussion centered around how MPC ensures data privacy in the ever-evolving digital realm.

Our ecosystem continues to expand

This year’s first month has been a flurry of activities with new partnerships. And Davos was a perfect platform for partnerships. During the World Economic Forum, we announced new projects partnering with Partisia Blockchain.

  • HIEx: HIEx is a UN-born multi-stakeholder platform to deliver impact toward the SDGs. With Partisia Blockchain, HIEx aims to solve the issue of enabling transparency and privacy in funding and reporting.
  • Verida Wallet: A wallet solution that looks to enable a fully privatized DID, user data aggregation solution. Looking to build on top of Partisia Blockchain for a full identity solution with privacy built in.
  • DSID: Decentralized ID platform using wallet as the credential to verify identity as well as other reputation scores. The wallet will use MPC to privatize user information while computing the reputation scores.
  • Q Blockchain: Blockchain focused on DAOs, partnering with Partisia Blockchain to enable private voting. For the DAOs running in their network.

Hackathon underway and AirDrop coming up

February marks the launch of the Partisia Blockchain AirDrop program. With the upcoming governance vote for the MPC token transferability just around the corner, this is a testament for the Partisia Blockchain’s vision. The program features an impressive pool size of 25 million MPC tokens. The program offers an unparalleled opportunity for the early adopters of the Partisia Blockchain. The first tranche of the 25 million MPC token AirDrop program commencing on 1 February 2024 will kickstart the further expansion of our ecosystem. Our Hackathon is moving along well with close to one thousand participants. The end of the Hackathon is set for 13 February 2024, and judging to conclude by March. We are anticipating to see some great projects come out of it. And do not miss the Crypto Stalkers AMA this month. Tiago Serôdio is going to introduce the Crypto Stalkers community to Partisia Blockchain and will answer their questions.

BYOC portfolio now includes USDT, with more slated to join

The node operators voted in favor of onboarding USDT as a BYOC token. This now adds another stable token as a form of payment to the Partisia Blockchain network. Another proposal to expand the BYOC portfolio will be put forward this month. The node operators will be asked to vote for the inclusion of the wBTC token into the BYOC portfolio. Finally, the Partisia Blockchain team will be attending ETH Denver from 23 February until 3 March. The delegation will consist of key persons and look forward to meeting you in Colorado.

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