logo
LuckySea Receives a $50K Grant Through Lisk Pioneer Program in Partnership with KEY Difference

LuckySea Receives a $50K Grant Through Lisk Pioneer Program in Partnership with KEY Difference

Associated Press5 hours ago

DUBAI, UNITED ARAB EMIRATES, June 20, 2025 / EINPresswire.com / -- LuckySea, a gamified lootbox platform for on-chain assets, has been awarded a $50,000 grant by Lisk through their Lisk Pioneer Program launched in 2024 through a partnership with KEY Difference, with its incubation arm, KEY Difference Labs, running the program.
The grant will go toward growing LuckySea's user base and supporting their Marketing efforts. The platform has been live for a year and a half now, and has seen some strong numbers: over four million lootboxes opened, more than $10 million in total volume, and over 100,000 wallets connected. Its close partners include Magic Eden, DeGods, Pyth, and many more. The founding team behind LuckySea is based in Brazil and brings a decade of experience in Blockchain Engineering, Fintech, and Product Design.
The Lisk Pioneer Program was created to help founders build real-world blockchain products. Startups in the program receive funding and hands-on support from KEY Difference Labs, the incubator arm of KEY Difference that helps Web3 teams with branding, fundraising, token design, and go-to-market strategy.
'Our goal is to back execution, not noise. LuckySea has traction, a clear product, and a roadmap. We, along with Lisk, are glad to help them scale further.'
Karnika E. Yashwant, Founder and CEO of KEY Difference
This grant is one of several upcoming funding schemes under the Lisk Pioneer Program, which focuses on projects in gaming, DeFi, tokenized assets, and digital identity. For both Lisk and KEY Difference, the aim is to help early teams get beyond just launching and help them grow.
KEY Difference PR Team
KEY Difference
[email protected]
Visit us on social media:
LinkedIn
Instagram
X
Other
Legal Disclaimer:
EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Large Oil Producers Around the Persian Gulf Ramp Up Exports
Large Oil Producers Around the Persian Gulf Ramp Up Exports

New York Times

time2 hours ago

  • New York Times

Large Oil Producers Around the Persian Gulf Ramp Up Exports

As fighting between Israel and Iran intensifies, the major oil producers around the Persian Gulf, including Saudi Arabia, have been racing to load tankers with exports, possibly as a hedge against future disruption. These increases are occurring despite jumps in insurance costs and shipping rates and hazards like jamming of navigation systems. Analysts say that these producers are preparing for the possibility that fighting could spread to oil export installations, which have been largely spared so far, or that shipping could be disrupted through the Strait of Hormuz, the narrow passageway from the Persian Gulf through which a large portion of both oil and liquefied natural gas travel. 'They want to make sure that they reduce the risks,' said Homayoun Falakshahi, head of crude oil analysis at Kpler, a research firm. 'That means export as much as possible, as soon as possible.' Kpler estimated that Saudi Arabia's oil exports had increased 16 percent through mid-June from the same period in May. Other producers in the region like the United Arab Emirates and Iraq have boosted shipments around 10 percent, Mr. Falakshahi said. Want all of The Times? Subscribe.

Dispute Resolution: Is Decentralization The Answer?
Dispute Resolution: Is Decentralization The Answer?

Forbes

time3 hours ago

  • Forbes

Dispute Resolution: Is Decentralization The Answer?

Saro McKenna is the CEO of Dacoco GmbH and cofounder of Alien Worlds. Although the godfather of online dispute resolution, Ethan Katsh, once observed that "the power of technology to resolve disputes is exceeded by the power of technology to generate disputes," as human beings, we cannot help ourselves. Even the prospect of AI sentience and bots capable of overpowering their flesh-and-bone creators cannot halt our penchant for relentlessly leveraging tech to achieve advancement in one area or another. As far as disputes are concerned, the technology that has increasingly been used to intercede is blockchain. This is no surprise. Of all the suggested use cases for a censor- and tamper-proof decentralized digital ledger, jurisprudence rightly ranks high. Over the past decade, many technologists have attempted to adapt traditional legal concepts and resolve conflicts on-chain, with mixed success. So, why is blockchain considered the best "lawtech" tool to settle disputes? Decentralized dispute resolution is appealing because of its ability to bypass centralized authorities that are prone to bias or bureaucracy. Smart contracts and empowered jurors streamline arbitration, handling all kinds of disputes with transparency. As traditional legal systems often prove unwieldy or unfit for specific disagreements, DDR offers fast, fair outcomes. Evidently, there are many factors that entice developers to build Web3 protocols that are concerned with dispute resolution. Blockchain, being apolitical, decentralized and transparent, is perceived to be perhaps the best vehicle for administering justice when two or more parties are in disagreement. These parties can consist of individuals or even companies and governments. Perhaps blockchain is too broad a term, however, because it is often specific features of certain chains, like decentralized autonomous organizations (DAOs) and smart contracts, that prove useful in an arbitration capacity. The economic incentives baked into blockchains are another important consideration, with the general idea being that users can become jurors, reviewing evidence and voting for the party they believe is right. In blockchain-based systems, jurors are usually financially motivated to make a sound judgment, i.e., one that accords with the majority. Kleros is one of the earliest examples of a decentralized adjudication system, one that uses jurors and game theory to produce judgments in a secure and inexpensive way. Founded in 2017, the Ethereum-based arbitration service was designed to "resolve any kind of dispute," building on the work of early Web3 pioneers like Vitalik Buterin and Paul Sztorc, whose idea to use Schelling Point-based incentives for blockchain oracles gave rise to the notion of "decentralized truth-telling." In the case of Kleros, the probability of crowdsourced jurors being selected is proportional to the amount of tokens staked. Staking, then, signifies one's willingness to participate in the adjudication process in contrast to the traditional court system, where jurors are selected at random. Arbitration fees, meanwhile, make it difficult for attackers to spam the system by creating frivolous disputes. Many similar protocols appeared around this time, among them Jur (2018) and Aragon (2016). While the former focused on enterprise use cases and selected jurors based on their reputation rather than token stake, the latter favored a subscription model and was intended for arbitration within DAOs themselves. Although they held promise, neither project is currently actively maintained. The popularization of DeFi around 2020 prompted renewed interest in dispute resolution, most notably in the case of the UMA protocol's Data Verification Mechanism (DVM), which resolves disputes about the price of a synthetic token derivative contract. This type of system, of course, has a much narrower focus than projects like Kleros, which seek to be multipurpose courts. A watershed moment for DDR occurred in 2021 when a Mexican court enforced a decentralized arbitration award governed by Kleros, which related to a real estate dispute. Last year, Mexico also passed the General Law of Alternative Dispute Resolution Mechanisms, the first national legislation recognizing decentralized justice as a valid dispute resolution system. Central to the premise of DDR is the idea that arbiters can come to a fair and transparent judgment based on the available evidence: the wisdom of the crowd, enforced on-chain. Arbiters play a key role in the recently unveiled Worker Proposal System of blockchain-based metaverse Alien Worlds (which I cofounded), which is centered on the activity of various DAOs. While the system empowers users to suggest and execute new projects, arbiters act as neutral mediators in any disputes that arise. For example, arbiters can step in and cast a deciding vote when there is a disagreement about project milestones. In this particular arbitration model, a blockchain escrow account is also used since the Worker Proposal System is designed to furnish the awarded party with tokens for meeting pre-agreed targets. Arbiters must complete an identity verification process, demonstrate a solid understanding of the Alien Worlds ecosystem, commit to a minimum term of four months to ensure continuity and dedicate specific weekly hours to their role. They are also paid a set rate for performing this role. As the primary contributor to Alien Worlds, my company, Dacoco, takes a notable approach to dispute resolution by blending Web2 and Web3 concepts in a unique way. While disputes are enforced on-chain, and a DAO system transparently manages worker proposals, the arbiter functions similarly to an independent mediator in any traditional legal process. In other words, Dacoco is not relying entirely on blockchain to adjudicate. In most cases, protocols promising to administer decentralized justice have failed to achieve their objectives, whether due to technical, market or other challenges. This is a great shame because on-chain arbitration offers many advantages over a sluggish legal system that is notorious for its inequity (the most powerful people can afford the best litigators) and complexity. Although decentralized dispute resolution has yet to gain widespread adoption, and many challenges remain, expect lawtech solutions to grow more sophisticated over time and for traditional courts to follow Mexico's lead in recognizing such systems. In a sense, it is analogous to the way in which the financial world has gradually recognized Bitcoin, a consequence of the number of individuals storing their wealth in the network. Ultimately, the best and most efficient solutions have a tendency to break into the spotlight. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?

VinFast joins global push into UAE's expanding EV market
VinFast joins global push into UAE's expanding EV market

Associated Press

time5 hours ago

  • Associated Press

VinFast joins global push into UAE's expanding EV market

HANOI, VIETNAM - Media OutReach Newswire - 20 June 2025 - As the UAE moves steadily toward an electric future, Vietnam's VinFast is establishing its presence, aligning with government ambitions and shifting consumer preferences. VinFast officially launched in the Middle East in October 2024. Something electric this way comes to the streets of the UAE, as global EV brands are racing to capture the attention of local drivers. These include some from faraway places like Vietnam, as in the case of VinFast, which has been opening showrooms and hosting brand launches in the GCC nations. It's easy to see why this is the case. Market projections show the UAE's electric vehicle market revenue will reach $1.95 billion by 2025[1]. The people also seem ready for a change: A 2024 survey found that 73% of UAE residents want to buy electric cars, with 50% of participants drawn by the promise of advanced technology, improved fuel efficiency (35%), and enhanced safety features[2]. Almost half view electric vehicles as the future of transportation, with 38% planning to purchase one soon. And for some early adopters, that future is already here, with a 23.6% increase in EV charging usage in Dubai by early 2025, according to Dubai's Electricity and Water Authority[3]. The UAE government recognizes this momentum and acts accordingly. Dubai offers free parking for EV owners, provides complimentary Salik tags, and has been expanding charging infrastructure. One expert even suggested creating an EV-only lane on Sheikh Zayed Road if the government wants to achieve its goal of having half of the cars on its roads be electric by 2050[4]. In that context, emerging brands are all vying for a piece of the UAE market, challenging traditional automakers with fresh design languages, high-tech features, and competitive pricing. The upstart VinFast exemplifies this new wave of car manufacturers. In its home market of Vietnam, a country not historically associated with high-tech car manufacturing, VinFast has managed to build an EV supply chain with a 60% localization rate, aiming for 80% by 2026. The brand has recently become Vietnam's best-selling car brand in 2024, thanks to its comprehensive EV ecosystem that includes widespread charging infrastructure and strong after-sales policies. That local appeal has become the launchpad for expansion across the U.S., Europe, and the Middle East. VinFast's VF 8 model represents the brand's international debut, featuring premium design elements and advanced smart technology that align with UAE preferences for both sustainability and luxury. The VF 8 offers competitive performance metrics alongside industry-leading warranty coverage of 10-year/200,000 km vehicle coverage, 10-year/unlimited mileage battery coverage, and comprehensive after-sales support. The vehicle's refined design language and cutting-edge technology package, including a full set of ADAS and 11 airbags, appeal to drivers who view their cars as extensions of their lifestyle choices. More global players will likely enter the UAE market, drawn by government support, consumer enthusiasm, and infrastructure development. The combination creates ideal conditions for brands willing to invest in long-term success. In that context, new EV brands like VinFast, by diving in early, are actively shaping the future of driving in the UAE, proving that electric mobility can deliver both environmental benefits and exceptional experiences. [1] [2] [3] [4] Hashtag: #VinFast The issuer is solely responsible for the content of this announcement.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store