News

ChainCatcher reported that Orama Labs' pioneering OCM (Onboarding Community Market) model's debut project, ZENO, has successfully launched on the Solana network, along with the release of the first developer MVP version of ZENO Scene. This launch attracted a total of $3.5 million in PYTHIA for staking subscriptions, marking a significant breakthrough for this on-chain access framework specifically designed for high-quality Web2 enterprises/teams. ZENO is a comprehensive platform dedicated to building a persistent digital layer for the physical world, aiming to connect the real world with dynamic virtual worlds through a standardized system. As the first benchmark case of the OCM model, ZENO demonstrates the framework's full capabilities in technology integration, community building, and value alignment. Through the successful implementation of the OCM model, Orama Labs has provided a replicable on-chain transformation path for Web2 enterprises/teams with mature business models and technical capabilities. The smooth launch of ZENO further improves Orama's full-chain protocol system from scientific research innovation to commercial application, injecting new innovative vitality into the Solana ecosystem.

Jinse Finance reported that Standard Money, the developer of the algorithmic stablecoin USDsd based on BNBChain, announced the completion of an $8 million funding round. This strategic round was led by YziLabs, with participation from an undisclosed exchange, Cryptocom, and Animoca Brands. USDsd is a yield-seeking algorithmic stablecoin, designed with reference to Tether’s USDT, the world’s largest stablecoin by market capitalization. The funds from this round will be used to support the mainnet deployment of Standard Money and to expand its liquidity partners and global operations. Algorithmic stablecoins are a type of token that maintains a peg to a target asset through smart contracts and economic incentive mechanisms, thereby managing circulating supply.