Ethereum and Web 3.0 focused SKALE Network Rolls Out First Set of dApps for MainNet Launch

SKALE Network, the multichain network of “unlimited” Ethereum blockchains for powering Web 3.0 today, has initiated a roll out of the first decentralized applications (dApps) to go live on Mainnet.

As mentioned in an update shared with CI, the release of the SKALE IMA bridge now “enables applications to leverage the speed, security, and performance of SKALE in concert with Ethereum.”

The first set of dApps were “hand selected” out of hundreds based on “merit, performance, and their specific use cases,” the announcement explained while noting that these applications should help with paving the way for hundreds which are now also signed up in the SKALE Innovator Program to go live in the foreseeable future.

As stated in a release, the initial launch partners include Boot.Finance, Covey, CurioDAO, Human Protocol, Ivy and Minds. All of which will be “releasing their Dapps and protocols onto SKALE chains this summer,” the announcement confirmed while adding that these new dapps should increase SKALE’s existing user-base to “millions of users across the globe jointly.”

As noted in the update, each of the dApps and protocols announced will be using their own “application specific” SKALE chains, “giving life to the first truly decentralized internet of blockchains.”

As explained in the update, SKALE is a multichain network that is composed of an “unlimited number of secure, decentralized, high-performance Ethereum Blockchains purpose-built to bring Web3 to billions of users.”

SKALE’s pooled security model “enables speed, security, and decentralization to work in harmony, allowing developers to deliver an amazing user experience to end users void of any gas fees or latency.”

A Boot.Finance core contributor stated:

“We are very excited to partner and launch on Skale Network and see it as one of the most innovative and powerful L2 scaling solutions in the current ecosystem.”

Brooker Belcourt, founder of Covey, remarked:

“To find the best investors, Covey records trade data for every investor on an immutable ledger open to anyone, we started on Ethereum but high transaction costs made this unfeasible. We knew we needed a scalability solution and SKALE offered us precisely what we needed at a reasonable cost, with remarkable speed, and a connection back to Ethereum. We’re very excited to go live, join our community to create a virtual portfolio, share your performance, and record your ideas on the SKALE blockchain today.”

Harry Singh, Technology and Crypto Director, HUMAN Protocol, added:

“Using blockchain technology, HUMAN Protocol is able to advance to the next level of automation, especially when it comes to training AI and ML algorithms. In order to achieve this, we have explored the capabilities of layer 1 and layer 2 solutions that can streamline the end to end processes for job creation and verification within a decentralized marketplace — this encompasses payments, work verification, utilizing on chain data and integrating with a host of data labeling tools. Among them, SKALE offers higher throughput, transactional capacity and low latency, and the backward compatibility with Ethereum makes integration a breeze.”

Fernando Verboonen, co-founder of CurioDAO, noted:

“We believe CurioDAO is the most efficient way to get exposure to next-gen real-world asset tokenization in blockchain and wanted to make sure investors have the best experience possible. That’s precisely why utilizing SKALE is so important. It will reduce gas fees bringing exchange or farming gas fees to almost zero utilizing Ethereum only when necessary, and it does this with high speed throughput and fast block finality. Key pieces to making an amazing end user experience.”

Here is an overview of Launch Partners Highlighting Key Uses:

Boot.Finance is described as a decentralized liquidity protocol that’s launching on Skale Network. Launching in August of this year, Boot will be focusing on stablecoin swaps and becoming a “core building block” for other decentralized finance or DeFi protocols which require custom AMM functionality (and bonding curves) that “one size fit all protocols cannot provide.”

The core of Boot Finance is “comprised of the earliest contributors and supporters of Swerve Finance (a fork of Curve), and based on their experience witnessing the meteoric rise and fall of TVL to close to $1B, have designed the protocol incentives to ensure the community and project thrive long term.”

Covey is a “search for the best investors.” They do this by “giving any investor a mock portfolio to track and share their investing ideas.”

As mentioned in the announcement, Covey is different from other portfolio sharing software because the creators of the platform seek “to reward investors with jobs and direct payments based on their performance.” Recruiters and large funds use Covey “to find diverse talent with a proven track record.”

CurioDAO is a platform “for the tokenization of real world assets.” With their unique crosschain solutions today allow consumers “to invest into a tokenized car such as a Ferrari F12tdf asset token via CurioInvest, or earn on CurioDAO DeFi CGT via its DEX and become a part of the community.”

They hope “to accelerate tokenization of real world assets as well as allow the community to make investment decisions or govern the utility of the ecosystem.”

Human Protocol provides “a hybrid framework for powering decentralized marketplaces.” By offering a broadly applicable solution for coordinating tasks across a global network, HUMAN Protocol “enables the autonomous creation, settlement, and automation of work requests and payment remittances.”

Powered by blockchain tech “for a more seamless way to organize the distribution, evaluation, organization, and compensation of labor, HUMAN Protocol provides a fully-audited open-source framework for decentralized labor markets to be built.”

Ivy gives consumers “a way to trade NFTs and tokens without the need for an existing account or a new app.” A simple scan of a QR code “moves tokens from one user to another, using only their existing browsers.” There is “nothing to install, no accounts to create – all that’s needed is a simple scan.”

Due to SKALE’s speed and near zero transaction cost, with Ivy, “as easily as you can hand someone a dollar bill, now you can hand them crypto.” Ivy will is set to launch on the SKALE Network in August of this year.

Minds is an open source and decentralized social networking platform where “users are rewarded with Minds tokens for contributions to the community.” With over 4 Million registered users, their goal is “to build a new model for content creators to take back their Internet freedom, revenue and social reach.”

Recently, SKALE Network introduced the SKALE IMA Bridge which “brings security, fast transfer speed, preservation of custody, cost efficiency, and customization to SKALE / Ethereum transfers.”

The SKALE IMA Bridge “uses BLS cryptography, Ethereum mainnet smart contracts, Proof of Stake consensus, and other unique aspects in its design.” Developers and users “can safely and economically transfer digital assets including ETH, ERC-20, ERC-721, ERC-777, and ERC-1155 tokens as well as general data messaging.”

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