News and Events – Paralism

Overview of Web3.0 Fundraising in August

In August 2024, Web3.0 projects completed a total of 117 financing rounds, raising approximately $777 million, which is lower than the monthly average over the past year (around $867 million, shown by the blue line in the chart below). The market experienced significant fluctuations in August, and the capital market was also affected. However, the situation is still better compared to the same period last year.

Data resource: https://www.rootdata.com/

Paralism Secures Another Fundamental Patent from China National Intellectual Property Administration

Dear Partners and Community Members,

We are thrilled to announce that another fundamental patent of Paralism’s parallel blockchain technology, titled “ Semantic Solidification and Derivation Method Based on Public Predicate Logic,” has been officially granted by the China National Intellectual Property Administration, under patent number CN114372471A.

This patent supports the definition and derivation of various types of assets, enabling the integration of Web 2.0 data and value into the blockchain network. This breakthrough allows the blockchain to express a wider range of asset types. It marks another significant technological advancement for Web 3.0 infrastructure, greatly enriching the number and variety of assets within the Web 3.0 ecosystem, laying a solid value foundation for its development.

Paralism’s Another Fundamental Patent for Parallel Blockchain Technology Granted by European Patent Office

Dear Partners and Communities,

We are delighted to announce that Paralism’s patent, “Method for accumulating and co-assembling uniform data” has recently been granted by the European Patent Office, with the patent number 3503495.

As the key support for Web3 infrastructure, blockchain technology’s scalability and parallelism play a crucial role in the large-scale development of Web3 applications. This patent by Paralism addresses the issue of data synchronization efficiency across chains, inherently providing cross-chain capabilities and bringing L1 scalability and performance comparable to that of L2.

Paralism Founder Xingguo Shi was Interviewed by One TV after the WCS[2024 Web3 Connect Summit(Hong Kong)]

After the WCS Hong Kong Summit [2024 Web3 Connect Summit (Hong Kong)], Paralism founder Xingguo Shi was interviewed by One TV. In the interview, Shi stated that Hong Kong is a hub for financial talent and possesses a spirit of innovation and breakthrough, making it highly suitable for the development of Web3.0. Additionally, Hong Kong’s current policies and technical support are at the forefront internationally, and its linguistic and geographical advantages facilitate its role as a center for global promotion of Web3.0. The Hong Kong government is also confident in Web3.0 and actively promotes related policies. Shi further revealed that, following the establishment of their Asia Pacific center in Japan, Paralism is considering expanding its business and establishing branches in Hong Kong to seize this development opportunity.

快讯：WCS香港峰会即将开幕，重磅嘉宾齐聚，共话Web3未来

WCS香港峰会【全称2024 Web3 Connect Summit (Hong Kong)】即将于6月25日在香港拉开帷幕。此次峰会将汇聚学界大咖、政策制定者、杰出企业家、技术精英、明星创业者和知名投资人等重磅嘉宾，进行高峰对话，共同审视香港在Web3领域的发展前景，深入探讨破局之道，为香港的Web3未来注入新的活力。

此次活动由WCS组委会主办，Web3TOP、News3和火讯财经承办。大会以“深度链接，品牌破圈”为核心价值，旨在聚集全球Web3精英，共同探讨Web3与实体世界的创新融合，以及香港虚拟资产政策与商业发展的创新机遇。

部分确认参与此次活动的嘉宾名单：

Paralism Invention” Value Mapping and Right-of-Way Method for Digital Rights and Interests” has Published by USPTO

Dear partners and communities,

Good news! Our invention” Value mapping and right-of-way method for digital rights and interests” (Patent No.: CN112085606A) after successfully claimed priority under the Patent Cooperation Treaty (PCT), now already published by United States Patent（USPTO）, publication NO.: US20230315816A1.This patent is aiming for providing efficient and automated solutions for the governance of Web3.0 and DAO.

Announcement: Paralism Now Added Support for OAuth2.0 Flows！

Dear Paralism Partners and Community,

To help Web2 users to conveniently experience the convenience and rich use cases brought by Web3 technology, we are delighted to announce that Paralism has added support for OAuth2.0, enabling seamless integration with third-party decentralized applications.

Announcement: Paralism Swap Cross-Chain Bridge is now alive, fully connecting the Paralism and Ethereum ecosystems!

In order to improve the user experience within Paralism ecosystem and enhance interactions with other ecosystems, the Paralism team has made continuous efforts, and now the Paralism Swap Cross-Chain Bridge is officially open to the public!

Announcement: Paralism Parallel Chain Has Added Ethereum Protocol Compatibility

In order to better support Ethereum ecosystem projects, Paralism has added compatibility with the Ethereum protocol based on its parallel chain mechanism. The data generated by Ethereum protocol applications with the same genesis block will form a new Ethereum chain stored in the Paralism hyperblock data structure. The number of Ethereum chains is unlimited.

In the future, we will activate a dynamic sharding mechanism, at which point the performance of the Ethereum chain will rival that of Ethereum 2.0. We will also provide better cross-chain support for upper-layer applications then.

Paralism’s Invent, “Value Mapping and Tight-of-Way Method for Digital Rights and Interests” has Successfully Claimed Priority under PCT

Dear partners and communities,

We are pleased to announce that our invention, ” Value mapping and right-of-way method for digital rights and interests” (Publication No.: CN112085606A) has successfully claimed priority under the Patent Cooperation Treaty (PCT) (Publication No.: WO2022057359A1) and we have now filed for a United States patent（to USPTO） and wait to be granted.