BlockEden.xyz is on a mission to propel the mass adoption of Web3 for all Internet users. In our continuous efforts to integrate cryptocurrencies into everyday life, we are excited to announce the spinout of Payton.so, a cutting-edge payment solution.

Pioneering the Integration of Crypto in Everyday Transactions​

As advocates for the widespread adoption of blockchain technology, we firmly believe that for crypto to become an integral part of people's lives, it needs to seamlessly integrate into payment, retail, and e-commerce. Payton.so is our response to this vision, providing a user-friendly platform to facilitate crypto transactions in daily transactions.

How to get started?​

Step 1: Get Your APT Wallet Ready

Before you can pay for your subscription with APT, you will need an APT wallet. You can get any wallet that supports Aptos, like Pontem. Once you have a wallet, make sure it has enough funds to cover the subscription cost. You can transfer money from other wallets or buy more tokens directly from exchanges like Coinbase, Hippo.space or LiquidSwap.

Step 2: Go to Our Website and Select the Subscription Plan

Once your wallet is ready, go to BlockEden. xyz's website https://blockeden.xyz/pricing/ and select the best plan for your needs. Then, click Pay with crypto and select APT over the Aptos network as your payment method. This will generate an address with a QR code containing the recipient's address. Please send the exact amount of coins to the listed address. Once this is done, you will see Payment succeeded and click the button to get back to the dashboard.

Step 3: Confirm Your Payment

When you have completed the transaction, recheck your wallet balance and ensure that the correct amount has been deducted. If everything looks good, then congratulations! You have successfully paid for your subscription using APT tokens! Now all that's left is to start using our services and enjoy all of their benefits!

Join the Revolution​

We invite ambitious Web3 organizations, freelancers, and crypto enthusiasts to join us on this exciting journey. Payton.so is more than just a payment solution; it's a catalyst for the widespread adoption of cryptocurrencies in everyday financial transactions.

Stay tuned for upcoming features, partnerships, and developments as we work towards making Payton.so the go-to platform for crypto payments in the Web3 era. Together, let's build a decentralized financial future that empowers individuals and organizations worldwide.

Stay connected with BlockEden.xyz and Payton.so on our official website and follow us on social media for the latest updates and insights.

Why Espresso sequencer?​

Ethereum L2 rollups are centralized. Take Optimism Architecture for example. The globally-single sequencer receives L2 transactions from L2 users, creates L2 blocks accordingly, and then submits to data availability provider (via a batcher). It also submits output roots to L1.

Espresso is trying to decentralize such sequencer and then achieve credible neutrality, enhance interoperability, mitigate the negative effects of MEV, and encourage long-term economic incentive alignment with L1 validators.

How does it work with rollups?​

Before the shared sequencer:

After introducing the shared sequencer:

What is our motivation to join the Espresso Sequencer as an operator?​

1. Shared vision for solving the composability problem between rollups on Ethereum.
2. A passion for Yale alums's project.
3. Our partnership with token holders willing to stake with us and Espresso Sequencer.
4. Our business model ($45M staked and 21 chains' APIs supported) is built on the decentralization of L1s and L2s.
5. Our expertise with high availability infrastructure fits into the need.
6. We contribute to the ecosystem. e.g., Sui indexer, Aptos indexer, explorer, docs, community events, etc.

What differentiates us from our competitors?​

1. We use Ssilicon VValley standard techniques to run and monitor our infrastructure.
2. We started with Aptos with a 99.99% uptime and expanded to include Sui, Solana, and 12 EVM blockchains. Now, there are $45M staked and 21 chains' APIs supported.
3. We host community events with 10x.pub and offer educational sessions around blockchain system design.
4. We make ecosystem contributions and build SaaS or mobile apps to improve the user experience.

What slashing protection(s) do we offer?​

1. Uptime monitoring transparently with 7/24 hours of on-call rotation among our team.
2. Use on-call playbook and failover techniques to handle failures.
3. Use hot standby if necessary.
4. Committed to staying engaged with the community and upgrading service timely.

How do we secure our infrastructure?​

We proactively use AWS key management service, HTTPs, MFA with YubiKey for cloud accounts, Cloudflare for DDoS, rate limiter, authorization and access control, zero trust architecture, security by design when building our infra, etc. Our team comprises IoTeX founding members and security engineers from Uber and Google.

Node operation made easy with a reliable infrastructure

BlockEden.xyz introduces an advanced blockchain node infrastructure, enhancing the reliability and performance of blockchain operations. This development empowers customers to manage blockchain nodes easily and efficiently, ensuring the high availability and robustness of their blockchain applications.

Blockchain node operation often encounters issues like network instability, uptime monitoring, complex setup processes, and high maintenance costs. These challenges pose significant hurdles for businesses and individuals seeking to leverage blockchain technology.

BlockEden.xyz's delegated staking infrastructure offers a state-of-the-art solution to these challenges. This high-availability blockchain node infrastructure simplifies node setup, reduces operational costs, and ensures stable and consistent network performance. This makes blockchain technology more accessible and practical for a broader range of users.

BlockEden.xyz has an impressive track record, starting with Aptos and maintaining 99.9% uptime since its mainnet launch. Our services have expanded to include Sui, Solana, and 12 EVM blockchains, demonstrating our adaptability and commitment to staying at the forefront of the industry. With over $45 million worth of tokens staked with us, our clients trust us to provide reliable and secure solutions for their web3 and blockchain needs.

What is BlockEden.xyz’s Offering of the Delegated Staking Infra?​

1. Integrating with new networks.
2. Managed/delegated services to run blockchain nodes, including maintaining a service-level agreement, status monitoring, active on-call, and failover.
3. Develop tools to improve efficiency, e.g., distributing rewards.

Internal FAQs

What are the OKRs for Delegated Staking Infra Trying to Achieve?​

Goals:

• Build a reliable, safe, extensible, and cost-efficient delegated staking infrastructure to sustainably generate revenue streams for BlockEden.xyz.
  • Reliable: the delegate node should have high availability.
  • Safe: the funds delegated to us should be safe.
  • Extensible: the infra should be reusable to expand to another blockchain network.
  • Cost-efficient: the infra machine cost should be covered by the delegate revenue.

Why is Delegated Staking Infra Important to BlockEden.xyz?​

• It’s the revenue-generating program, bringing resources to do more strategic infra work.
• It’s an essential infra component to serve chain RPCs, particularly for latency-sensitive use cases.

How Can Delegated Staking Infra Fail? Would it Cause Customer Dislikes?​

• Failures in delegated staking infrastructure primarily occur due to service disruptions and server downtime. These issues can prevent customers from staking tokens or lead to reduced rewards due to slashing penalties. Such disruptions often result in customer dissatisfaction due to unmet expectations of consistent earnings and reliable service.

What are the Dependencies?​

• Network Selection: The chosen blockchain network plays a critical role. Different networks may have varying protocols, reward structures, and security requirements.
• Initial Funding: To participate as a validator in the staking process, an initial investment or fund is required. This amount varies depending on the network's criteria and serves as your stake in the network.

What are the Risks?​

• Fund Safety: Ideally, we should make a product that doesn’t bear the liability for the customer's fund. However, it largely depends on the blockchain's features, e.g., isolation of token owner and node operator permission.
• Crypto Market Volatility: In a sudden crypto price crash or bearish market, the token rewards might be short to cover the machine cost. A liquidation plan should be in place to ensure funds are secured to operate the infra.

How to Use this Staking Infra?​

• BlockEden.xyz offers comprehensive documentation for getting started with our staking infrastructure, including step-by-step guides for both manual staking processes

Why does staking infra matter to me?​

• Ease of Access: You can easily participate in staking and enjoy its benefits without needing deep technical knowledge or extensive resources.
• Flexibility for Future Growth: We provide the capability for future technical integrations with your needs, ensuring that as your staking needs evolve, our infrastructure can accommodate them.

How to use this staking infra?​

• To get started with our staking infrastructure, BlockEden.xyz offers comprehensive documentation. This includes step-by-step guides for both manual staking processes and technical integrations.
• We're committed to supporting your journey, addressing concerns and fulfilling requirements as they arise, ensuring a smooth and effective staking experience.

How do I know if this staking infra is the right solution to my problem?​

• To assess if our staking infrastructure suits your requirements, we recommend a phased approach. Start by trialing our service with selected networks. Monitor performance and stability over a set period. Based on this experience and the proven results obtained, you can then evaluate the effectiveness of our solution. This data-driven approach allows for informed decision-making and helps forecast potential future revenues, ensuring alignment with your business objectives.

From September 26-28, 2023, in Madrid, Spain, BlockEden.xyz unveiled the Soroban Indexer and GraphQL at Stellar's annual Meridian conference. We were delighted to showcase our innovations at this esteemed event. Below is our pitch deck for your perusal.

• Twitter: https://twitter.com/BlockEdenHQ
• Discord: https://discord.gg/4Yfvs2HWey
• Source Link: https://blockeden.xyz/blog/2023/10/07/soroban-indexer-pitch-deck/

In modern software development, building robust APIs is crucial. APIs (Application Programming Interfaces) serve as the key for communication and data exchange between different software systems, and an API that is easy to use and test can greatly accelerate the development process. We are excited to announce that we have introduced a brand new feature for Aptos - Aptos REST Playground. This is a high-availability API toolkit based on Aptos development, designed to assist you in building Aptos applications faster and better.

What is Aptos REST Playground?​

Aptos REST Playground is an interactive Web3 application designed to assist developers in exploring, testing, and understanding the Aptos API with ease. It provides an intuitive Swagger-based interactive interface that allows you to construct and send REST requests, view responses, and test to analyze data.

This tool enables Aptos developers to gain a better understanding of Aptos functionality and build exceptional Aptos applications more quickly and efficiently.

Why Choose Aptos REST Playground?​

Aptos REST Playground is a high-performance REST API customized specifically for Aptos developers by Blockeden.xyz. It aims to provide the following advantages to Aptos developers:

1. Interactive API Testing

Aptos REST Playground allows you to conduct interactive API testing without leaving your browser. It is an interactive application built on Swagger. You can construct and customize requests, view real-time responses, and make adjustments as needed. This greatly simplifies the process of API testing and debugging.

2. Real-time Data Analysis

You can directly view the data in the API responses within Aptos REST Playground, without the need to write additional code or use third-party tools. This makes it easier for you to comprehend the information returned by the API, facilitating the development of better applications.

3. User-Friendly

The user interface of Aptos REST Playground is highly intuitive, requiring no complex setup or configuration. Whether you are an experienced developer or a beginner, you can easily get started and use it effectively.

How to Get Started with Aptos REST Playground?​

Enter our API marketplace and select the Aptos card:

Inside the Aptos REST Playground interface, locate the Test REST chain API where you can see that we have integrated all the interfaces required for Aptos development:

Here, you don't need any additional configuration; our playground is ready to use out of the box. Taking Get Account as an example, we will show you how to use Aptos REST Playground:

1. Expand the /account/{address} table; we have preconfigured some parameters for you. Of course, you can also set your own parameters.
2. Click the Try it out button, and you can access the interface using either our default parameters or any information you set yourself. You will immediately receive the data you need. Pay special attention to the data with an HTTP Code of 200; it will be your primary focus. With this data, you can analyze any Aptos data request.

Sometimes, to test the speed and stability of the product, you may want to build a set of testing code on the frontend yourself. This is allowed and supported by us.

Before doing so, you need to first locate your BLOCKEDEN_API_KEY, which can be found at https://blockeden.xyz/dash:

If you haven't created your own BLOCKEDEN_API_KEY yet, you can still use the public API key we provide: 8UuXzatAZYDBJC6YZTKD.

Now, let's create our own simple testing code based on React and the Aptos REST API:

import React, { useState, useEffect } from 'react';

function App() {
  const [data, setData] = useState(null);

  useEffect(() => {
    const address = '0x0000000000000000000000000000000000000000000000000000000000dead';
    const apiEndpoint = `https://api.blockeden.xyz/aptos/8UuXzatAZYDBJC6YZTKD/v1/accounts/${address}`;

    const fetchData = async () => {
      try {
        const response = await fetch(apiEndpoint, {
          method: 'get',
          headers: {
            'Content-Type': 'application/json'
          }
        });

        if (!response.ok) {
          throw new Error('Network response was not ok');
        }

        const result = await response.json();
        setData(result);

      } catch (error) {
        console.error('API Request Error:', error);
      }
    };

    fetchData();
  }, []);

  return (
    <div className="App">
      <h1>Aptos Indexer GraphQL Example</h1>
      {data ? (
        <pre>{JSON.stringify(data, null, 2)}</pre>
      ) : (
        <p>Loading...</p>
      )}
    </div>
  );
}

export default App;

We also support cURL testing:

curl -L -X GET 'https://api.blockeden.xyz/aptos/8UuXzatAZYDBJC6YZTKD/v1/accounts/0x0000000000000000000000000000000000000000000000000000000000dead' \\
-H 'Accept: application/json'

Aptos REST Playground is a powerful development tool for Aptos, designed to simplify the process of Aptos development and testing. We hope it provides developers with a better working experience and contributes to the creation of exceptional applications. If you have any feedback or suggestions, please don't hesitate to contact us. Thank you for your attention!

• Twitter: https://twitter.com/BlockEdenHQ
• Discord: https://discord.gg/4Yfvs2HWey
• Source Link: https://blockeden.xyz/blog/2023/09/20/blockeden-xyz-launches-aptos-rest-playground/

As the CEO of a startup in the web3 domain, I'm often intrigued by emerging tech trends. The rapid ascent of bot platforms, particularly in the context of blockchain and decentralized finance, has caught my attention.

The New Wave: Telegram Bots in Web3​

With the growth of Unibot, robot concepts are becoming a new area of competition. The landscape now features hundreds of bot-centric and micro-innovative projects. Telegram, a must-have social application in the crypto circle, boasts a staggering 800 million monthly active users. These numbers become even more fascinating when you consider how Telegram Bots are simplifying crypto interactions. Within the platform, bots can handle a variety of tasks, from decentralized finance (DeFi) and miner extractable value (MEV) protection to data analytics, whale tracking, and even community gaming governance. The appeal lies in their accessibility, convenience, and wide-ranging applications.

However, rapid growth often brings skepticism and worries. Concerns about the security vulnerabilities of Telegram Bots and the maturity of the technology have begun to surface.

Unibot: The Phenomenon​

Launched in June, Unibot took just two months to achieve a phenomenal status, spawning hundreds of imitative projects. It hit a peak market cap of over $200 million, although it later faced stiff competition from "Banana Gun", leading to a considerable market share decline. Despite this drop, its current market value stands around $60 million, keeping Unibot as the leading figure in the bot arena.

Unibot Features:

• New project tracking
• Copy-trading capabilities
• Limit orders
• Token tracking and precision sniping within Telegram
• Speedier than conventional decentralized exchanges, outpacing platforms like Uniswap.

Revenue Model:

1. Service Fee: Unibot charges a 1% service fee. 40% of this is allocated to $UNIBOT Token holders, with the remaining going toward team operations.
2. $UNIBOT Token Tax: The token imposes a 5% tax. 1% of the transaction volume is shared with $UNIBOT holders.

In its prime, daily revenue reached beyond 300 ETH. Despite challenging market conditions, Unibot has performed impressively, garnering approximately 15,000 users and generating around 8,200 ETH (approx. $13 million) in total revenue within three months.

Banana Gun: The Challenger​

Banana Gun, a recent entrant, has managed to challenge Unibot's dominance. With features similar to Unibot, it has garnered a user base comparable in size, but with slightly more active members. Notably, it's proving to be more effective in its "sniping" capabilities. Banana Gun's recent pre-sale raised 800 ETH, and they faced some liquidity withdrawal issues due to contract tax complications.

The Broader Bot Ecosystem​

Other bots in the market focus on various niche aspects, such as:

• Analyzing contract details for potential red flags, like liquidity pool locks, contract access renunciations, and "rug pull" possibilities.
• Tracking the actions of high-performing wallet addresses.
• Monitoring newly launched project tokens for potential early investment opportunities.

Why Are Bots Gaining Traction?​

1. Their integration with Telegram, one of the most widely-used applications in the industry, provides a natural congregation of traffic.
2. The essence of buying and selling remains a fundamental need in finance. The functionalities of these bots revolve around trading, and ultimately, profitability is their selling point.

In conclusion, the world of web3 bots is evolving rapidly. As decentralized technologies mature, bots will undoubtedly play a significant role in the way we interact with and leverage the capabilities of the blockchain. As a stakeholder in this space, I'm excited to be a part of this journey and look forward to the innovations that lie ahead.

• Twitter: https://twitter.com/BlockEdenHQ
• Discord: https://discord.gg/4Yfvs2HWey
• Source Link: https://blockeden.xyz/blog/2023/09/16/web3-bots-rise-unibot-vs-banana-gun/

We are excited to announce some great news to the community: After a period of development, we have launched a GraphQL playground based on the Aptos API. This is designed to assist you in building Aptos applications faster and better.

It is widely known that in today's world of software development, building efficient, flexible, and scalable APIs is of paramount importance. APIs (Application Programming Interfaces) serve as the bridge for communication and data exchange between different software systems, making well-designed APIs crucial for the success of applications. GraphQL has already become the preferred tool for many developers in building flexible and powerful APIs.

Today, we are thrilled to announce Aptos Indexer GraphQL, a high-performance GraphQL framework designed specifically for Aptos developers. It is aimed at simplifying the development and management of Aptos APIs while delivering outstanding performance and scalability.

What is GraphQL?​

First, let's take a look at what GraphQL is all about. GraphQL is a query language and runtime environment for APIs that allows clients to precisely specify the data they need, instead of receiving data in fixed formats like traditional REST APIs. This flexibility makes GraphQL particularly well-suited for building client-driven applications, such as single-page applications (SPAs) and mobile apps.

The core idea of GraphQL is "only get the data you need." Clients can retrieve multiple resources through a single request and specify the fields they need for each resource. This reduces the issues of over-fetching or under-fetching data, thereby improving network efficiency.

Why choose Aptos Indexer GraphQL?​

Aptos Indexer GraphQL is a high-performance GraphQL API tailor-made for Aptos developers. It aims to provide the following advantages to Aptos developers:

1. Simplified development process

   Aptos Indexer GraphQL simplifies the API development process by offering a clear and intuitive API definition language and tools. Developers can easily define data types, queries, mutations, and resolvers, making API construction highly intuitive.

2. Outstanding performance

   Aptos Indexer GraphQL is designed as a high-performance framework. It utilizes modern data-loading techniques to ensure that only necessary database queries are executed, thereby reducing response times and enhancing performance.

3. Scalability

   Aptos Indexer GraphQL can meet your needs regardless of the scale of your application. It supports a modular architecture, allowing for easy addition of new features and data types.

4. Powerful utilities

   Aptos Indexer GraphQL provides a set of GraphQL-based testing tools, including GraphiQL, which allows you to interactively validate the required data in real-time, making it easier for you to develop, test, and maintain the API.

How to get started with Aptos Indexer GraphQL?​

First, select the Aptos Indexer service in our API marketplace:

blockeden.xyz api marketplace

Then, copy your BLOCKEDEN_API_KEY at https://blockeden.xyz/dash:

BLOCKEDEN_API_KEY

After receiving a success message, you can start using the Aptos Indexer GraphQL service.

If you haven't created a BLOCKEDEN_API_KEY yet, you can still use the public API key: 8UuXzatAZYDBJC6YZTKD.

Here is a simple example of using React to connect to the Aptos Indexer GraphQL service:

import React, { useState, useEffect } from 'react';

function App() {
   const [data, setData] = useState(null);

   useEffect(() => {
      const apiEndpoint = 'https://api.blockeden.xyz/aptos/indexer/8UuXzatAZYDBJC6YZTKD/v1/graphql';

      const fetchData = async () => {
         try {
            const response = await fetch(apiEndpoint, {
               method: 'POST',
               headers: {
                  'Content-Type': 'application/json'
               },
               body: JSON.stringify({
                  query: `
              query {
                block_metadata_transactions(limit: 2) {
                  block_height
                }
              }
            `,
               }),
            });

            if (!response.ok) {
               throw new Error('Network response was not ok');
            }

            const result = await response.json();
            setData(result.data);

         } catch (error) {
            console.error('GraphQL Request Error:', error);
         }
      };

      fetchData();
   }, []);

   return (
           <div className="App">
              <h1>Aptos Indexer GraphQL Example</h1>
              {data ? (
                      <pre>{JSON.stringify(data, null, 2)}</pre>
              ) : (
                      <p>Loading...</p>
              )}
           </div>
   );
}

export default App;

You can also directly access our built-in GraphiQL service, located at the bottom of the https://blockeden.xyz/api-marketplace/aptos-indexer page.

Aptos Indexer GraphQL service for blockeden.xyz

Alternatively, you can directly access Aptos Indexer GraphQL using curl:

curl https://api.blockeden.xyz/aptos/indexer/8UuXzatAZYDBJC6YZTKD/v1/graphql \
-H 'Content-Type: application/json' \
-X POST \
-d '{"query":"query {block_metadata_transactions(limit: 2) {block_height}}"}'

Conclusion​

Aptos Indexer GraphQL is a powerful development service within the Aptos ecosystem, designed to streamline the development and management of Aptos APIs while delivering exceptional performance and scalability. We hope that developers can enhance their Aptos applications and enjoy a faster and more efficient development process through the use of Aptos Indexer GraphQL.

Thank you for your interest in our latest product release. If you have any questions or feedback, please feel free to contact our support team. We look forward to hearing from you and continually improving and enhancing Aptos Indexer GraphQL.

• Twitter: https://twitter.com/BlockEdenHQ
• Discord: https://discord.gg/4Yfvs2HWey
• Source Link: https://blockeden.xyz/blog/2023/09/15/aptos-indexer-graphql-launch-for-efficient-api-development/

💵 TL;DR

1. We plan to increase the rate limit by 5x.
2. For improved granularity, 1 CU has been updated to 100 CU.
3. Announcing our new "Basic" plan priced at $19.99.
4. CUs are now denominated in CUC and are refreshed daily. Monitor your balance at BlockEden.xyz/dash/account.
5. With our updated plans, extra CUCs beyond those plans allow you to access extra API calls using a pay-as-you-go system every day.

BlockEden.xyz is committed to providing cost-effective and efficient solutions to DeFi, wallet, and analytics developers. Our customer feedback revealed a few key insights:

1. A requirement for an intermediate tier between the Free and Pro plans.
2. A desire for a more flexible 'pay-as-you-go' option.
3. An opportunity for us to accommodate more requests through a more efficient infrastructure.

Based on these insights, we're excited to announce the introduction of a pay-as-you-go feature using Compute Unit Credit (CUC), and to share details about modifications to our pricing plans.

Understanding Compute Units and Compute Unit Credit​

A Compute Unit (CU) serves as a standard measurement that quantifies the computational expense incurred during an API call. It's akin to how AWS charges for compute usage. The computational cost varies depending on the intensity of the queries – some are lightweight and fast (e.g., eth_blockNumber) while others can be more demanding (e.g., large eth_getLogs queries). The cost in CU for each request across different products can be found in our API marketplace.

Compute Unit Credits (CUC) are like credit card rewards on our platform to serve as royalty points. Those points are identical to compute units. Developers could spend CUC on our platform to get extra quotas for API calls.

Implementing Pay-As-You-Go with CUC​

We'll set up a reward account for each customer. Customers can load this account with CUC, which will then be consumed as per their API usage.

• For the Free tier, we ensure a minimum balance of 0.3 CUC at the start of each month.
• For the paid tiers (Basic, Pro, Enterprise 50), we will credit the account on each subscription or renewal.

We do not allow customer to withdraw CUC for now.

The credits on BlockEden.xyz will be reconciled daily and also each time a withdrawal or deposit is made. BlockEden.xyz maintains the rights to the Compute Units (CU) on our platform, along with the authority to clarify the application of the API and the usage of credits.

Pricing Plan Modifications​

Below are the changes to our pricing plans. The original pricing structure was as follows:

In response to customer feedback, we've made the following adjustments:

1. The "Enterprise 500" tier has been discontinued, and a "Basic" tier has been introduced to offer indie developers more flexibility.
2. Rate limits have been increased five-fold for almost all plans.

Here is our updated pricing structure:

Why Choose BlockEden.xyz​

BlockEden.xyz is a industry leading marketplace in Move, Rust, and EVM Blockchain Web3 APIs to developers. Founded in 2022, we have secured 45 million US dollar staking assets and serving 18 blockchains to 3000+ customers, making us a trusted choice in the web3 service middleware sector.

At BlockEden.xyz, we simplify blockchain data access and dev experience for web3 businesses, helping them save time and boost productivity with just a few clicks.

How is BlockEden.xyz different from other API vendors?

• We are the infura for move (aptos, sui) developers.
• Permissionless access to decentralized marketplace with 20 APIs via crypto tokens.
• Exceptional 24/7 customer support.

In conclusion, BlockEden.xyz's revised pricing plans and the introduction of the pay-as-you-go option, underlined by our Compute Unit Credit (CUC) system, embodies our unwavering dedication to the evolving needs of our customers. We've always stood by the philosophy of "start with customers," believing that understanding and addressing their challenges is the foundation for our success.

• Twitter: https://twitter.com/BlockEdenHQ
• Discord: https://discord.gg/4Yfvs2HWey
• Source Link: https://blockeden.xyz/blog/2023/09/05/pay-api-usage-with-compute-unit-credit/

In the evolving landscape of Web3, a new approach to user interactions is emerging – the intent-centric protocol. Here, users simply express what they want, leaving the intricate process of how it's achieved to the system. This approach heralds enhanced user experience, better composability, and greater privacy.

The Three Pillars of Intent-Centricity​

1. User-Centric Interaction: The essence of intent-centricity lies in streamlining user experience. By emphasizing the "what" over the "how," it spares users the need to grapple with complex underlying mechanisms. The result? A straightforward expression of their objectives.

2. Robust Composability: In the realm of Web3, composability denotes the ease with which various protocols or apps integrate and build upon each other. When users solely voice their intent, it provides room for systems to be tailored for maximized compatibility, fostering richer and more cohesive digital ecosystems.

3. Privacy by Design: Expressing just the intent can obviate the need for users to disclose detailed or sensitive data about themselves. This is a major stride towards ensuring user privacy in blockchain interactions.

Let's Paint a Picture​

Consider Alice – a newcomer to the DeFi (Decentralized Finance) world with minimal technical expertise. She's just dipped her toes into the realm of cryptocurrency and is curious about staking to earn interest.

For Alice, the intent-centric approach is a breath of fresh air. She’s spared the technical maze and instead, expresses her intent. The protocol does the heavy lifting, ensuring her privacy and sourcing the best available options.

What Fuels the Rise of Intent-Centricity?​

The rising wave of intent-centricity is spurred by a blend of the AIGC revolution, developments like EIP4337 (smart contract accounts), and the push to make Web3 accessible to all.

A testament to this trend is the project showcased at ETHGlobal Paris 2023: Bob the Solver - Pioneering infrastructure for intent-based transactions to elevate the UX of wallets and dapps.

Summary​

As the digital realm advances, user-centric approaches like intent-centric protocols are shaping the future of Web3 interactions. By shifting the focus from intricate processes to straightforward intent expression, these protocols are democratizing access, enhancing user experience, and promoting privacy. With innovations such as Bob the Solver leading the charge, the Web3 space is poised to become more inclusive and user-friendly, bridging the gap between the technical and the everyday user. Embracing intent-centricity is not just the next step; it's the future of decentralized digital interactions.

• Twitter: https://twitter.com/BlockEdenHQ
• Discord: https://discord.gg/4Yfvs2HWey
• Source Link: https://blockeden.xyz/blog/2023/08/30/embracing-intent-centric-protocols-web3-revolution/

Y Combinator, the renowned startup accelerator, has been at the forefront of spotting trends and supporting early-stage startups. One of the segments where YC has shown keen interest is the world of Web3 and cryptocurrencies. Let's dive into YC’s crypto portfolio and explore some of the game-changing companies leading the Web3 movement.

Key Players:​

1. Coinbase: Arguably the most famous company in the list, Coinbase has become synonymous with the world of digital currencies. As a robust digital currency wallet and platform, it’s paving the way for mainstream adoption.
2. OpenSea: The NFT marketplace, which has seen significant growth, is a testament to the way OpenSea has captured the market.
3. Protocol Labs: The brainchild behind decentralized file systems like IPFS and initiatives like Filecoin, showing the power of distributed systems.
4. Rainbow: Simplifying Ethereum wallet management and making crypto transactions user-friendly.

Noteworthy Themes:​

1. Financial Infrastructure: Companies like TRM Labs, SFOX, QuickNode, and Excheqr are reinforcing the financial structures, ensuring fraud detection, liquidity provision, and overall financial health.

2. Neobanks and Payment Solutions: Littio, Wallbit Pay, and Ping are examples of neobanks and platforms aiding in easy cross-border payments and international banking solutions, particularly tailored for specific demographics like Latin Americans.

3. Security and Data Management: Quantstamp, Spruce Systems, and Blyss are working to ensure the security of transactions and data in a decentralized world.

4. Developer Tools and Infrastructure: Hiro Systems, WalletKit, Cedalio, and Stackup provide the necessary tools for developers to build on the decentralized internet seamlessly.

5. Decentralized Finance (DeFi): EthosX, Algofi, and Meson are just some of the platforms redefining the financial system using blockchain technology.

6. Adoption and User Experience: Platforms like Proxy, Notebook Labs, and Lyra are dedicated to making blockchain and crypto interactions seamless for users, reducing the existing friction in using these technologies.

7. NFT & Creative Monetization: Hypeshot and Winter showcase the evolution of how creators can monetize their content, especially with the rise of NFTs.

8. Localized Solutions: Several startups like Botin, Valiu, and Tienda Crypto are focused on specific regional challenges, providing tailored solutions to Latin America, Africa, and other areas, signifying the global appeal of blockchain solutions.

Insights:​

1. Broadening Horizons: The variety in YC's crypto portfolio indicates that the applications of blockchain are no longer limited to just finance but are branching into diverse sectors, from content creation to governance.

2. Local & Global: While some startups are addressing global challenges, there's a strong focus on localized solutions, recognizing the unique challenges and opportunities presented by different regions.

3. User-Centricity: A majority of these startups aim to simplify crypto and Web3 for users, whether it's through user-friendly wallets, neobanks, or investment platforms. The emphasis is clear: to bring more users into the fold, the experience needs to be simplified.

4. Safety First: As the ecosystem grows, so does the need for security and fraud prevention. There’s a clear emphasis on ensuring transactions are secure, data is protected, and the ecosystem remains safe for all users.

In conclusion, Y Combinator’s portfolio offers a comprehensive look into the evolving Web3 landscape. From fundamental infrastructure builders to consumer-facing applications, the accelerator's companies are collectively shaping a decentralized, user-centric, and secure future for the internet. The next wave of internet evolution is here, and it’s evident that YC-backed startups are at its helm.

🔥 Visit List of 106 Y Combinator projects to check those individual projects.