CRCLS co-founders participated in ETHToronto and, together with their hackathon team members, won two first-place bounties totaling $10,000 from Axelar Network and Swing Finance.
TORONTO, Ontario, Aug. 17, 2022 /PRNewswire-PRWeb/ — CRCLS Networks, Inc. (“CRCLS” or the “Company”) is excited to announce that its co-founders’ team won two first-place bounties totaling $10,000 from Axelar Network (Axelar) and Swing Finance (Swing) at ETHToronto on August 10, 2022, in Toronto. CRCLS CEO Matthew Grannary’s and COO Karl Pawlowicz’s team built a cross-chain NFT renting app using Axelar’s and Swing’s technologies.
Blockchain Futurist Conference (Futurist) is Canada’s largest three-day blockchain and cryptocurrency event. Vitalik Buterin, the co-founder of Ethereum, headlined the event along with 120 guest speakers, industry experts, and thought leaders and over 5,000 participants from 40 countries. The event was aimed at discussing, exploring, and inspiring opportunities in blockchain technology, crypto, DeFi, DAOs, the metaverse, NFTs, and more.
ETHToronto is the official hackathon of Futurist taking place in a 40,000-square-foot Hacker Dome where 500 participants compete for $110,000 in prizes.
“Axelar delivers secure cross-chain communication. Their infra enables users to interact with any app or asset, on any chain, while Swing’s API powers multi-chain liquidity,” explains COO Karl Pawlowicz. “Combining these two technologies with renting NFTs seemed like an excellent idea for our app since the team believes cross and multi-chain user experiences are the future.”
CEO Matthew Grannary commented, “We are thrilled that our team won $10,000 in bounties, but we are even more excited about the connections we have made and the new technology we were able to use. We are inspired to explore ways to add cross and multi-chain functionality using Axelar and Swing in CRCLS. This hackathon was an important opportunity for us, and we would like to thank our team members for their hard work. These events provide a great forum for connecting and discussing the latest blockchain technology trends and innovations.”
CRCLS will empower Creators of all kinds, including artists, brands, influencers, and developers, to earn income and create value through non-fungible tokens (NFTs).
Creators will launch a fully customized NFT Shop (a Circle) with no coding experience or outside development required. Circles are community-enabled via embedded chat features and integrate into the CRCLS platform.
Collectors will discover new projects and connect with other like-minded individuals, engaging and building their communities through NFT-gated experiences, as well as buy & sell NFTs.
Builders (e.g., developers and designers) will earn income by expanding platform functionality via the Blocks Protocol, allowing them to create NFT Software (Blocks), enhancing the experience, and building community infrastructure.
Complete decentralization is at the core of CRCLS mission, with development focused on enabling this path in the future.
Further information about CRCLS is available at: https://crcls.xyz/.
This press release may include forward-looking information within the meaning of Canadian securities legislation concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including future plans for development of technologies by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
Matthew Grannary, CRCLS Networks, Inc., 1 (514) 797-5444, [email protected]
SOURCE CRCLS Networks, Inc.