IOST Monthly Report | August 2023

The IOST Monthly Report — your essential guide to staying informed about the latest advancements, market growth, and ecosystem progress within the IOST community.

We wholeheartedly appreciate your positivity and long-term support. Your valuable insights and suggestions are crucial in shaping our journey as we continue to evolve. Thank you for being an integral part of the IOST experience!

Last updated on September 10, 2023

A. Technical Development

[Development]

• (Continued) Development of new versions of the mainnet
• Exploration of IOST cross-chain bridge solutions
• Exploring collaborations with third-party dApps

[Operation and maintenance]

• Mainnet snapshot update
• Optimization of internal efficiency tools
• Mainnet stability tests
• Mainnet security tests

B. Community Growth & Mainnet Statistics

Disclaimer: Third-party developers develop all IOST DApps. The information provided here does not constitute any investment advice. All content provided here is intended for education only. IOST bears no responsibility or liability for any loss that users may experience. Please get in touch with the DApp team directly for any questions.

C. Ecosystem Development

IOST Mainnet Olympus v3.10.1 Official Release

We are happy to announce the launch of Mainnet Olympus v3.10.1 today, which is a non-compatible upgrade. All block-producing nodes must complete the upgrade by September 10th, while non-block-producing nodes are also advised to upgrade.

IOST Mainnet Olympus v3.10.1 Official Release

WebX Asia 2023: Uniting Global Web3 Innovators in Tokyo’s Iconic Forum | Event Recap

WebX Asia 2023, Japan’s most significant Web3 conference organized by CoinPost, took place at the prestigious Tokyo International Forum on July 25 and 26, 2023. The event commenced with an inspiring speech by Japanese Prime Minister Fumio Kishida, and it served as a gathering ground for Japanese government agencies, administrators, Web3 stakeholders from Japan, and distinguished Web3 projects from across the globe.

WebX Asia 2023: Uniting Global Web3 Innovators in Tokyo’s Iconic Forum | Event Recap

IOST was included in Binance Japan’s exclusive initial list of 32 tradable tokens

IOST on Twitter: "📢 We are proud to announce another listing on @binance! 😆🇯🇵 $IOST was included in #Binance Japan's exclusive initial list of 32 tradable tokens🎉 Congratulations to #binancejapan for this important milestone! More to come! https://t.co/zjT0hTeMp7 / Twitter"

📢 We are proud to announce another listing on @binance! 😆🇯🇵 $IOST was included in #Binance Japan's exclusive initial list of 32 tradable tokens🎉 Congratulations to #binancejapan for this important milestone! More to come! https://t.co/zjT0hTeMp7

IOST Mainnet Upgrade: A Game-Changer for Users — Wallet Address Creation Now Free!

Exciting news for all IOST users and enthusiasts! The IOST blockchain is undergoing a major upgrade that is set to redefine the way users create their wallet addresses. Users will now be able to generate their wallet addresses on the mainnet at no direct cost. This upgrade not only enhances accessibility but also showcases IOST’s commitment to creating a user-first blockchain ecosystem.

IOST Mainnet Upgrade: A Game-Changer for Users — Wallet Address Creation Now Free!

IOST’s Two Major Blockchain Services Officially Launched on Tencent Cloud

IOST is set to deepen collaboration with Tencent Cloud, leveraging our shared international digital infrastructure and ecological advantages. We're embarking on a comprehensive partnership centered around Web3, AI, and blockchain. Guided by technology-driven cost reduction and efficiency enhancement, we aim to set industry benchmarks collectively and explore new paths and models in the realm of the digital economy.”

IOST’s Two Major Blockchain Services Officially Launched on…

ChainUp Cloud Joins Forces as IOST Ecosystem Node Partner

IOST is happy to announce a new strategic alliance with ChainUp Cloud, officially becoming an ecosystem node collaborator as announced by the integrated Web3 infrastructure platform incubated by ChainUp. The two entities are set to leverage our respective strengths in areas such as ecosystem development, brand integration, technological innovation, and community consensus building. Our collective mission is to propel the construction and refinement of Web3 digital infrastructure, creating a series of decentralized, open, cost-effective, diverse, stable, and efficient Web3 products and services for users.

ChainUp Cloud Joins Forces as IOST Ecosystem Node Partner

IOST Partners with Leading Korean Venture Capital, HG Ventures

IOST has recently amplified its footprint in South Korea, investing in pivotal local projects like the virtual asset chat service ‘Coin Live’ and the ‘Cappy’ project, an initiative led by ‘FreeCap,’ a financial subsidiary of AfreecaTV. These ventures illustrate our persistent endeavors to fortify collaborations with indigenous teams and businesses, thus reinforcing our presence in the vibrant Korean market. Furthermore, with events such as Demo Day, hackathons, and meetups in Hong Kong and Japan, we are accelerating our outreach, solidifying our influence in the broader Asian region.

IOST Partners with Leading Korean Venture Capital, HG Ventures

IOST AI Labs Meetup: Uniting Innovators in Blockchain and AI

On the 15th August, 2023, the IOST DUBAI Launch Party, a convergence of minds passionate about blockchain technology and cryptocurrencies, took place. This event, co-organized by IOST, Cypher Capital, Bitunix, and Onecloud, offered a unique platform for engaging discussions, knowledge expansion, and meaningful networking opportunities with industry experts.

IOST AI Labs Meetup: Uniting Innovators in Blockchain and AI

Community partnership with WormHole 3

IOST on Twitter: "📢 #ann: We're thrilled to announce our community partnership with @wormhole_3🎯 Sign up for Wormhole3 now and claim your exclusive reputation #NFT!💎 Use the #IOST hashtag in tweets to earn $wIOST😎 Join today and be part of our thriving community! https://t.co/g2lTYfXYj8 pic.twitter.com/cDd6bx5TnV / Twitter"

📢 #ann: We're thrilled to announce our community partnership with @wormhole_3🎯 Sign up for Wormhole3 now and claim your exclusive reputation #NFT!💎 Use the #IOST hashtag in tweets to earn $wIOST😎 Join today and be part of our thriving community! https://t.co/g2lTYfXYj8 pic.twitter.com/cDd6bx5TnV

Mid-Summer Madness Airdrop Party with CrossSpace

CrossSpace Official ⚛️ on Twitter: "🔥@CSpaceOffical Mid-Summer Madness #Airdrop Party - #Martell Week is offcial launched!💥Onboard with amazing projects: @YeehaGames @IOST_Official @IOST_CN @BitrueOfficial @VitiDiary @BGTrade_ @Cyber8Ba11 @Littlemamilabs @Bubbleai_xyz @PoofyLand 🎁1,600+ U worth of prizes▶️To... pic.twitter.com/CiWugTLhYN / Twitter"

🔥@CSpaceOffical Mid-Summer Madness #Airdrop Party - #Martell Week is offcial launched!💥Onboard with amazing projects: @YeehaGames @IOST_Official @IOST_CN @BitrueOfficial @VitiDiary @BGTrade_ @Cyber8Ba11 @Littlemamilabs @Bubbleai_xyz @PoofyLand 🎁1,600+ U worth of prizes▶️To... pic.twitter.com/CiWugTLhYN

Carter, IOST’s Hong Kong lead, at the Digital Entertainment Leadership Forum’s sub-forum on ‘#Web3 Empowering Artists in Art Trading.’

IOST on Twitter: "🌐 @w3_carter, IOST's #HongKong lead, was invited by @cyberport_hk to participate in the Digital Entertainment Leadership Forum's sub-forum on '#Web3 Empowering Artists in Art Trading.' 🎨 As a keynote speaker, Carter shared insightful thoughts on this empowering topic 🎉 pic.twitter.com/vGExk2QleF / Twitter"

🌐 @w3_carter, IOST's #HongKong lead, was invited by @cyberport_hk to participate in the Digital Entertainment Leadership Forum's sub-forum on '#Web3 Empowering Artists in Art Trading.' 🎨 As a keynote speaker, Carter shared insightful thoughts on this empowering topic 🎉 pic.twitter.com/vGExk2QleF

‘Coffee With Crypto Meetup with Sushi’ event

IOST on Twitter: "🎉 Wrapping up successfully in #Dubai! ☕️ The 'Coffee With Crypto Meetup with Sushi' event, supported by #IOST and organized by @coffeecryptodxb, concluded on August 26th 🍣 Thanks to all who participated! pic.twitter.com/4jI64Tk8z8 / Twitter"

🎉 Wrapping up successfully in #Dubai! ☕️ The 'Coffee With Crypto Meetup with Sushi' event, supported by #IOST and organized by @coffeecryptodxb, concluded on August 26th 🍣 Thanks to all who participated! pic.twitter.com/4jI64Tk8z8

Carter, head of IOST Hong Kong on stage delivering a speech

IOST on Twitter: "🎙️ Live at Big Demo Day at @cyberport_hk! 😎 @w3_carter head of #IOST #HongKong rocking on stage and delivering a speech as a panelist🧠 Introducing how IOST supports #Web3 and its global ecosystem📣 Go, Carter! Go, IOST! pic.twitter.com/ETPRq310IO / Twitter"

🎙️ Live at Big Demo Day at @cyberport_hk! 😎 @w3_carter head of #IOST #HongKong rocking on stage and delivering a speech as a panelist🧠 Introducing how IOST supports #Web3 and its global ecosystem📣 Go, Carter! Go, IOST! pic.twitter.com/ETPRq310IO

Exciting exchange of insights at the Hong Kong Legislative Council

IOST on Twitter: "⚖️ Exciting exchange of insights at the #HongKong Legislative Council 🤝 #IOST presence at the New Territories Science and Technology City dialogue led to a crucial discussion on leveraging #blockchain for the city's future💪 Thanks to @w3_carter & fellow attendees! pic.twitter.com/stIZkXaPgd / Twitter"

⚖️ Exciting exchange of insights at the #HongKong Legislative Council 🤝 #IOST presence at the New Territories Science and Technology City dialogue led to a crucial discussion on leveraging #blockchain for the city's future💪 Thanks to @w3_carter & fellow attendees! pic.twitter.com/stIZkXaPgd

Trading Volume

IOST on Twitter: "📊 Check out the latest trading volume for #IOST! 📆 July 28 - August 10, 2023📈 $IOST reached a peak trading volume of 6+ million #USDSource: @coingecko 🦎 pic.twitter.com/zzzy9MSs0T / Twitter"

📊 Check out the latest trading volume for #IOST! 📆 July 28 - August 10, 2023📈 $IOST reached a peak trading volume of 6+ million #USDSource: @coingecko 🦎 pic.twitter.com/zzzy9MSs0T

IOST on Twitter: "📊 Check out the latest trading volume for #IOST! 📆 August 14 - August 24, 2023📈 $IOST reached a peak trading volume of 7+ million #USDSource: @coingecko 🦎 pic.twitter.com/Ww9RS4YcvF / Twitter"

📊 Check out the latest trading volume for #IOST! 📆 August 14 - August 24, 2023📈 $IOST reached a peak trading volume of 7+ million #USDSource: @coingecko 🦎 pic.twitter.com/Ww9RS4YcvF

About IOST

High fees and slower transaction times on the Ethereum network have left the door open for new solutions to emerge, and IOST is one such project that has been gaining traction since its mainnet launch in 2019.

Backed by significant financial and VC firms such as Sequoia, Matrix, and ZhenFund, IOST is a pioneering decentralized, high-throughput, gas-efficient Proof-of-Believability-powered smart contract platform built to tackle the scalability trilemma once and for all. For this, the concluding ranking from China’s CCID ranked IOST as the best blockchain platform under Basic Technology, better than Ethereum, EOS, and every other smart-contracting platform evaluated by the agency. This is a testament to the quality and ability to roll out a better, innovative product and reflects our genuine desire to be the best in the sphere.

Being one of the public chain leaders in adoption, performance, and utility, IOST remains committed to our mission to unleash the power of blockchain. IOST currently has an ever-expanding 500,000 members community in over 20 countries, over 400 nodes, a top-tier staking ecosystem, and symbiotic relationships with corporations dotted worldwide.

If you would like to hang out with the IOST community on chat or social media or discuss product development, we have something for everyone:

Telegram | Twitter | Japan Twitter | China Twitter | Facebook | LinkedIn | Medium | Reddit

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IOST Monthly Report | August 2023 was originally published in IOST on Medium, where people are continuing the conversation by highlighting and responding to this story.