Neo and Phoenix Join Forces: Skynet to Power New Era of AI-Enhanced Blockchain Technology

June 21, 2024 Bitcoin.com

As the Blockchain Industry Loses Billions Annually to MEV, the Solution Is Staring Us in the Face — Neo Founder Da Hongfei

February 13, 2024 Bitcoin.com

Under-the-Radar Altcoin Explodes by More Than 711% in Two Weeks Amid New Perpetual Contract Listings

November 10, 2023 The Daily Hodl

Biggest Movers: NEAR Hits 6-Week High on Friday, NEO Extends Recent Gains

July 22, 2022 Bitcoin.com

Neo users explain why they’ve held on to the project despite China’s heavy crypto crackdown

February 28, 2022 Coin Telegraph

Blockchain

"I didn't worry too much. I knew the developer team, the community supporting Neo wasn't going to quit," said Neo investor Lucas.

It's been a wild ride for Neo investors in the past few years, especially as China began to incrementally introduce harsher crypto regulations applicable to the project, which has been dubbed by some as "Ethereum of China." But despite the odds, the community appears to be resilient, with a dedicated society of developers worldwide and bourgeoning decentralized finance, or DeFi, hub that came into prominence via the launch of the Neo N3 mainnet last year.

As told by Neo investors Lucas and Jiří, who spoke to Cointelegraph, they were not expecting such a "huge drop in price" for Neo. Nevertheless, they decided to hold their Neo tokens through all the price turmoil, citing the project developers' dedication to its underlying technology. Lucas said:

"I know a bunch of Neo developer communities that are located across the world. They're not going to stop the project just because one country doesn't agree with their vision."

When asked about what made Neo's DeFi applications particularly attractive, compared to other alternatives, Jiří said:

"For Flamingo Finance, you could follow any steps on the roadmap they are preparing and what will be going next. They always kept the deadlines, or there was some reasonable justification for a delay. So I really like the transparency of the process of how the platform was evolving."

Flamingo Finance is a platform for converting crypto, earning yields and providing liquidity. The project migrated to Neo N3 in Q4 of 2021. According to DeFi Llama, Flamingo Finance has approximately $80 million in total value locked. Lucas, who is also a user of Flamingo Finance, added:

"They really focused on their on their user base. A while ago, they released a feature where you could claim different DeFi pools. I asked the team for a "claim all" button so that I don't have to spend time clicking the different pools to claim rewards. Within a few days, that feature was implemented."

On Monday, Neo also announced a partnership with EU social economy network Diesis, which has a support network of 90,000 organizations, and 1.2 million workers across 21 countries. Through the deal, Neo will help the latter develop blockchain solutions using the Neo N3 ecosystem's decentralized file storage, NeoID. Luca Pastorelli, president of Diesis Network, commented:

"Neo pioneered the dBFT [delegated Byzantine Fault Tolerance] consensus mechanism, so there is no mining on Neo. And N3 being an all-in-one development experience makes it the ideal blockchain partner for a global social and solidarity economy network."

Technical Analysis: SOL, LUNA and AVAX All Down on Friday

February 18, 2022 Bitcoin.com

NEO price climbs after China’s BSN gives the project the green light on NFT marketplaces

February 16, 2022 Coin Telegraph

Altcoin Watch

The launch of N3, new NFT marketplaces and integration with China’s blockchain-based Service Network is providing a boost to NEO price.

As the field of viable layer-one blockchain protocols continues to expand with newer entrants trying to solve the issue of high transaction costs and slow processing times, older projects find themselves utilizing their history and track record to set themselves apart and secure a market share that will ensure their survival through the next market cycle.

Neo (NEO) fits the bill described above and the project is attempting to stage a revival in 2022 as governments around the world slowly open to the fact that blockchains and digital currencies have certain benefits that can be integrated into public and private enterprise.

Data from Cointelegraph Markets Pro and TradingView shows that the price of NEO has climbed 60% since hitting a low of $16.10 on Jan. 24 to hit a daily high of $25.68 on Feb. 11 and the project is once again on the move as its 24-hour trading volume surged 292% on Feb. 17.

*NEO/USDT 4-hour chart. Source: TradingView*

Three reasons for the increase in demand for NEO include the adoption of the Neo blockchain by China’s Blockchain-based Service Network (BSN), the full rollout of Neo N3 and the launch of several nonfungible tokens (NFT) and decentralized finance (DeFi) projects on the network.

Adoption by BSN

The most significant recent development for Neo was an announcement from BSN China that the Neo-powered Jiuquan Chain will be included as one of the ten chains that will form the Chinese mainnet.

Through this integration, citizens in China will now be able to access NFT markets that operate on the BSN Open Permissioned Blockchain (OPB) and remain compliant with Chinese regulations.

As part of this process, NFT’s on BSN are being renamed “Decentralized Digital Certificates” (DDCs) as a way to help differentiate "Chinese NFTs" from those used by the rest of the world and emphasize that NFT utility expands beyond simple graphical images or music tracks.

The Jiuquan chain will also include an integration with the Neo domain name service, allowing users to choose a unique, short sentence to replace hash strings and complicated wallet addresses.

Full rollout of N3

A second reason for the resurgence of Neo has been the successful launch of N3, the most advanced version of the Neo blockchain.

N3 originally went live on Aug. 2, 2021, but the network took a measured approach to the migration of assets from N2 to N3 as a way to ensure that there were no major bugs or issues with the process.

The revamp to the codebase was done to help Neo compete with other top smart contract platforms as the concept of a smart economy continues to gain steam thanks to the widespread proliferation of smart devices which transmit data to the web.

Launch of NFT and DeFi projects on N3

A third factor helping provide a boost of momentum for NEO has been the launch of multiple nonfungible tokens (NFT) projects on the network now that N3 has been fully launched.

MegaOasis, a NFT marketplace, is the newest addition to the Neo ecosystem and it offers members of the community access to NFTs created by famous artists that can be exclusively found on the Neo network.

Mega Oasis (@MegaOasis_nft), an NFT marketplace designed to offer collectors access to unique NFTs made specifically for the platform, is launching on Feb. 14. It will kick off with the sale of Meta Panacea, a collection by renowned artist Zhenchen Liu.https://t.co/fnwKPQMGfk
— Neo News (@NEOnewstoday) February 12, 2022

‘To the Moon Universe’ is another N3-based NFT marketplace that launched on Neo and it has already completed its first NFT auction on N3.

Several DeFi protocols have also successfully launched on N3, including Flamingo Finance (FLM), which migrated from N2 and NeoBurger which is a newer protocol that launched with the rollout of N3.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Technical Analysis: AVAX Enters Crypto Top 10, as NEO, THETA Also Gain

February 16, 2022 Bitcoin.com

‘China’s crypto ban had little impact on Neo,’ says organization’s developers

February 8, 2022 Coin Telegraph

Blockchain

It's had a brutal fall from all-time highs, but the project still retains a market of $1.6 billion and has a dedicated community of developers.

Once hailed as the "Ethereum of China," Neo's token price has fallen on hard times ever since the world's most populous nation introduced a series of acute bans on cryptocurrency operations last year. In an exclusive interview with Cointelegraph, Neo's developers — who wished to remain anonymous — explained that partners run most projects sponsored by Neo Global Development, or NGD, from a wide range of countries outside China that serve users all over the world.

In addition, Neo continues to expand inside China. It is currently one of seven open permission blockchains servicing the nation's Blockchain-based Service Network, or BSN. One of the group's goals is to expand the adoption of nonfungible tokens in the country.

There's also been quite a few decentralized finance, or DeFi projects, and decentralized applications, or dApps, since the launch of the Neo 3.0, sometimes stylized as Neo N3, mainnet last year. One example is Defina Finance, an anime-styled NFT metaverse game that uses a play-to-earn model. Total trading volume in the Defina marketplace has exceeded $100 million at time of publication. Defina began expanding to Neo N3 in 2021 in partnership with NGD.

But according to the project's team, the "coolest" development is probably that of Rentfuse. Our sources from Neo explained:

"Rentfuse is a protocol designed to manage NFT rental agreements between owners and tenants for gaming or other functions. Neo leadership is working with Rentfuse to establish it as an NFT leasing standard for the Neo ecosystem."

Its developers, too, appear to be fond of the greater Neo community. "We reached thousands of people through Neo socials to let people know more from us, and we have developed the core contracts of Rentfuse,” so said Michael Fabozzi, founder of Rentfuse, in a statement to Cointelegraph. "Thank you for believing in us."

Meanwhile, sources at GhostMarket, a multi-chain Neo NFT marketplace that recently raised $2 million in strategic funding and completed an initial DEX offering on Flamingo Finance, told Cointelegraph:

"Neo's $10 million N3's early adoption program [last year] was vital for Neo to attract and onboard new projects and was very much needed to exponentially scale Neo ecosystem."

When asked about what made Neo unique in a sea of smart-contract, proof-of-stake blockchains, they explained that out of many highlights, Neo 3.0 has a native built-in oracle for HTTPS or NeoFS requests. A distributed data storage solution also exists for scalability and privacy on the NeoFS Network.

In addition, interoperability protocol Poly. Network enabled cross-chain communications between Neo and Ethereum (ETH), Binance Chain (BNB), and more. There's also NeoID, which is a self sovereign identity initiative allows developers to customize the precise level of attribute verification needed to ensure that contract operates correctly.

Defina Finance gameplay | Source: Defina Finance

3 reasons why Phantasma (SOUL) is chasing after new all-time highs

January 3, 2022 Coin Telegraph

Blockchain

Cross-chain interoperability, new project launches and the popularity of NFT gaming are helping to drive the price of SOUL higher.

Nonfungible tokens and blockchain-based gaming projects saw a breakout in popularity over the course of 2021. This was due to their widespread appeal which attracted the attention of crypto newbies and experienced hodlers alike. This trend helped to further initiate the mass adoption of blockchain technology and from the look of things, its likely to extend throughout 2022.

One project is making moves in 2022 is Phantasma (SOUL), a layer-one blockchain protocol that specializes in the creation of SmartNFTs and decentralized gaming applications. Its prices reflect that it's about to make a run for a new all-time high.

Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $2.30 on Dec. 30, the price of SOUL has climbed 61.73% to a daily high at $3.72 on Jan. 3 as its 24-hour trading volume increased from an average of $3 million to $12 million.

*SOUL/USDT 1-day chart. Source: TradingView*

Three reasons for the surging price of SOUL are the launch of several new protocols on the Phantasma network, the addition of cross-chain support for multiple networks, and the overall increase in popularity of NFTs and blockchain-based gaming.

New projects launch on Phantasma

One of the biggest developments to come out of the Phantasma ecosystem over the past couple of weeks has been the launch of several projects on the network. This includes the role-playing card game Blood Rune, the mobile game Ghost Festival and the NFT marketplace GhostMarkets.

The GhostMarket NFT marketplace is currently conducting its initial decentralized exchange offering (IDO) on Flamingo Finance and will have its GM token available to operate on the six different networks that GhostMarket supports, but including Ethereum (ETH), Binance Smart Chain (BSC), Phantasma, Avalanche, Polygon and NEO N3.

One of the main draws of using Phantasma over other chains is its dual token system where SOUL token holders can stake their tokens to earn Phantasma Energy (KCAL). These in turn can be used to pay for transaction fees. This essentially makes transactions free for SOUL holders.

Phantasma is also certified as a carbon-negative blockchain which has helped attract positive attention. This sets it apart from other networks like Ethereum, which notoriously has a higher carbon footprint since it utilizes mining.

Cross-chain interoperability

A second reason for the building strength of Phantasma has been the addition of cross-chain interoperability with multiple blockchain networks including Ethereum, BSC and NEO.

On the 5th day of Christmas #Phantasma gives to you a Layer 1 smart contract ecosystem, quad-chain interoperable with $ETH, #BSC and $NEO for fungible tokens and soon for Non-Fungible Tokens(#NFTs)$SOUL $BNB #smartNFTs #blockchaingaming #GameFi pic.twitter.com/vcpXmqO66r
— Phantasma (@PhantasmaChain) December 29, 2021

On top of the addition of interoperability with other networks, the Phantasma chain itself is capable of reaching high levels of throughput. This is due to the ability to host infinite sidechains while the network as a whole benefit from having native oracles built directly into the core of its design.

With interoperability looking to be one of the major themes in the cryptocurrency ecosystem for 2022, projects that have already started making it a focus of development are likely to outperform the competition that doesn’t. This will incentivize crypto users to become increasingly comfortable with transacting across multiple networks.

NFT and gaming popularity

The third reason for the building strength of Phantasma is the overall popularity of gaming and NFT projects as blockchain adoption is on the rise.

According to data from Google Trends, interest in NFTs has been rising since early 2021 and hit a peak in the middle of December as Phantasma was introducing new projects and touting its low-cost capabilities.

*Interest in NFT searches over time. Source: Google Trends*

On top of the generalized rise in interest in NFTs, popular blockchain-based games like Axie Infinity have led to the emergence of play-to-earn games across the crypto ecosystem. The high throughput, low-cost capabilities of Phantasma make it an attractive option for gamers looking to maximize their earnings while minimizing transaction costs.

With the interest in gaming and NFTs showing no signs of disappearing in the near future, projects that focus on facilitating their growth and adoption could continue to see their values rise as NFTs become more mainstream.

Neo

Adoption by BSN

Full rollout of N3

Launch of NFT and DeFi projects on N3

New projects launch on Phantasma

Cross-chain interoperability

NFT and gaming popularity

Share this video