Artificial Intelligence

Web 3 Development

<p><em>Matchain, a decentralized AI blockchain focused on data and identity sovereignty, is launching its mainnet with the goal of creating an ecosystem where data ownership is democratized, privacy is a choice, and users are empowered to control their data.</em></p><p><a href="https://www.matchain.io/" rel="noopener noreferrer nofollow">Matchain</a>, a cutting-edge decentralized AI blockchain platform, is officially launching its mainnet on 28 August at 3 PM EST, setting the stage for the next wave of innovation. After months of rigorous development, refinement and a successful migration to the BNB Chain, Matchain is ready to transform the Web3 landscape with a powerful ecosystem that democratizes data ownership and prioritizes user privacy.</p><p>This mainnet launch isn’t just a technical milestone—it’s the culmination of a journey that saw Matchain <a href="https://x.com/matchain_io/status/1825880989869969712" rel="noopener noreferrer nofollow">surpass</a> all expectations during its testnet phase. With over 180 million transactions processed, more than 3 million players engaged in its mini-app, 1.6 million subscribers on Telegram and a thriving community of over 340,000 Twitter followers, Matchain has proven its potential to drive significant adoption. The platform has also forged over 50 strategic partnerships, including collaborations with dApps, wallets and exchanges, positioning itself as a leader in the decentralized AI and DID space.</p><h2 id="header-0">A New Era of Data Ownership and Privacy</h2><p>Web 2.0, characterized by interactive web platforms where users can collaborate on content, has brought many advancements. However, it has also <a href="https://link.springer.com/chapter/10.1007/978-3-031-59100-6_27" rel="noopener noreferrer nofollow">introduced</a> significant issues concerning data privacy, identity theft and user control over personal data.</p><p>While Web3, representing the next phase of the internet, has emerged to meet the demand for a user-centric internet, there are still major challenges in data management. Even with decentralized networks growing, on-chain identities <a href="https://consensys.io/blockchain-use-cases/digital-identity" rel="noopener noreferrer nofollow">remain</a> fragmented and non-interoperable. Current AI models make these issues worse by exploiting user data without explicit consent, <a href="https://hai.stanford.edu/news/privacy-ai-era-how-do-we-protect-our-personal-information" rel="noopener noreferrer nofollow">raising</a> privacy concerns and allowing corporations to profit unfairly.</p><p>The use of <a href="https://en.wikipedia.org/wiki/Decentralized_identifier" rel="noopener noreferrer nofollow">decentralized identifiers (DIDs)</a> and verifiable credentials in Web3 can enhance data security and privacy. DIDs allow users to manage their digital identities without relying on a central authority, while verifiable credentials provide a cryptographically secure way. This technology, which ensures that data is shared only with explicit consent and for intended purposes, is built into the data aggregator at the core of <a href="https://www.matchain.io/" rel="noopener noreferrer nofollow">Matchain</a>.</p><h2 id="header-1">Unlocking Data Value and Enhancing User Privacy</h2><p>Matchain goes beyond allowing users to see the true worth of their data and take control of it. By introducing the first AI layer-2 rollup on the BNB Chain, Matchain is bringing AI products and users on-chain, focusing on decentralized identity and data sovereignty. The goal is to use advanced AI algorithms to create a cross-chain, cross-platform identity aggregation and data interoperability solution to self-sovereignty in the Web3 era.</p><p>In a significant step towards expanding its ecosystem, Matchain Network has officially integrated with OKX Wallet. This integration marks an important step in bringing Matchain’s vision of decentralized identity to a wider audience and allows users to interact with the network via the trusted OKX Wallet. Officials from Matchain have hinted that more partnerships with additional tier-1 players beyond OKX are on the horizon. These collaborations are expected to give Matchain greater access to leading wallets, NFT marketplaces, and other major platforms, further solidifying its position in the Web3 space.</p><p>While this partnership is already a significant achievement, it is only the beginning. Matchain has a strong pipeline of tier-1 wallet integrations and major ecosystem partnerships, with more announcements planned for next month. Among these developments, Matchain has partnered with Rarible, demonstrating its expanding presence in the NFT marketplace sector. Additionally, Matchain has integrated with platforms like Moonwhales.xyz, further solidifying its growing influence in the space. Users can expect even more exciting news as Matchain continues to broaden its reach.</p><p>Matchain&#39;s consensus mechanism ensures faster transaction speeds and higher throughput, making it ideal for high-demand applications. The platform supports seamless integration with multiple blockchain networks, allowing for fluid interaction and data exchange across different ecosystems. Matchain employs innovative cryptographic techniques to safeguard user data and ensure privacy while also offering robust protection against malicious activities.</p><p>With abstract account wallets and a unified identity system, Matchain simplifies the user experience, making it accessible for both Web2 and Web3 users. The platform also provides comprehensive tools and resources for developers, including APIs, SDKs and detailed documentation to facilitate the creation and deployment of dApps.</p><h2 id="header-2">New Standards on Ethical AI Practices</h2><p>Matchain envisions a future where users fully control their digital identities and data. Its mission is to build a decentralized AI ecosystem that prioritizes user privacy and data ownership, setting new standards for ethical AI practices. The platform aims to create an ecosystem where data ownership is democratized, privacy is a choice, and users are empowered to leverage their data for personal, social and economic advancement.</p><p>&#34;Today marks a new chapter for Matchain and the broader blockchain community. We believe this launch will significantly enhance the capabilities of decentralized applications and drive the next wave of blockchain adoption,&#34; said Petrix Barbosa, CEO of Matchain.</p><p>As Matchain continues to build and solidify its ecosystem, builders are encouraged to join the platform and take advantage of the opportunity to create on Matchain. By building on Matchain, developers will gain access to the support of a vibrant and growing community of 3 million users, providing a strong foundation for innovation and success in the decentralized identity space. By focusing on collaboration and innovation, Matchain aims to foster an ecosystem where ideas can flourish and groundbreaking solutions can emerge.</p><h2 id="header-3">About Matchain</h2><p><a href="https://www.matchain.io/" rel="noopener noreferrer nofollow">Matchain</a> is a blockchain <a href="https://mswap.info/" rel="noopener noreferrer nofollow">platform</a> dedicated to providing secure, scalable and user-friendly solutions for decentralized applications and digital identity management. By leveraging innovative technology and a strong commitment to privacy and interoperability, Matchain is poised to drive the future of blockchain technology.</p><p><strong>Disclaimer</strong>: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.</p>

Matchain Launches Mainnet: Pioneering the Future of AI, Privacy and Data Ownership in Web3

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