Ontology ONT ID framework has been upgraded and the Ontology Verifiable Credentials SDKs are now open source. Furthermore, we have launched the decentralized identifier communication protocol Mercury, alongside enhancements to ONT Login and ONT TAG, improving application development efficiency for Web3 developers.

Developments/Corporate Updates

Development Progress

• We are 96% done with the Rollup VM design.
• We are 72% done with the RISCV instruction set contract implementation.
• We are 63% done with the Rollup RISCV EVM actuator.
• We are 55% done with the Rollup L1<->L2 cross-layer communication design.
• We are 65% done with the Ontology EVM that supports the filter function.
• We are 100% done with the Ontology Explorer that supports the contract verification function.

Product Development

• ONTO App v4.2.6 brought support for the IoTeX chain, Boba Network, HALO chain and NEAR chain; a total of 23 mainstream public chains are currently supported. We have released the new version video, introducing the function operation and update details for global users.
• ONTO integrated the NFT marketplace Ivy Market, the DEX Algebra and various other dApps, providing users with expanded DeFi and NFT choices.
• ONTO has published the April monthly report, summarizing a series of functional optimizations, such as the token and NFT address scan feature, and synced all tokens and token info on CoinMarketCap.
• ONTO hosted various online activities such as the NFT lottery campaign with Ivy Market, Shambala, HALO Network, ANONSHIB, AFKDAO, SUNT·DaoFi, MyTrade and Hangout. Participating in ONTO will earn rewards such as NFTs. Follow the @ONTO Wallet Official Announcement in Telegram for more details!

On-Chain Activity

• As of May 24, 2022, there have been 136 dApps launched in total on MainNet.
• There have been a total of 7,005,771 dApp-related transactions completed on MainNet, an increase of 43,457 dApp-related transactions compared to the past month.
• There have been a total of 17,466,756 transactions completed on MainNet, an increase of 152,590 transactions compared to the past month.

Community Growth & Bounty

• This month, several Ontology Community Calls and discussions were held on Discord and Telegram as usual, focusing on topics such as “The history of blockchain development”, “Web3 Reputation Value”, and discussing with community members “how Ontology encourages Web3 development teams to build innovative applications based on DID technology”. We welcome global developers to join the Ontology $10 million development fund and the global online hackathon with DoraHacks.
• As always, we’re active on Twitter and Telegram where you can keep up with our latest developments and community updates. To join Ontology’s Telegram group and keep up to date, click here.

New Team Members

We are delighted to welcome our newest member of the Ontology team. This month, we welcomed an iOS Engineer.

Recruitment

At Ontology, we are always looking to expand our team. We currently have a list of open roles and are looking to hire ambitious and hardworking individuals (see below). Check out our website for full details.

• Senior Software Developer, Java
• Software Developer, Go
• Blockchain Test Development Engineer
• Developer Engineer, Solidity
• Engineer, Research
• Front-end Engineer
• Blockchain Quality Assurance Engineer
• Product Manager
• Marketing Manager
• Associate Analyst, Operations
• English Editor

Out & About — Event Spotlight

It was all hands on deck this month with a string of news and developments:

• Ontology has launched the framework upgrade of Mercury, a secure, trustless, DID based peer-to-peer communication protocol, alongside enhancements to ONT Login and ONT TAG. This upgrade realizes multiple functions such as KYC verification, authentication and authorization in the Web3 decentralized identity system, solving the problems of exchanging or transmitting verifiable credentials and verifying entity identities in a secure and private way, and help developers easily integrate DID in Web3 applications , thereby promoting the construction of a decentralized society (DeSoc).
• Ontology’s $10 million development fund is available for all global Web3 developers to deploy on the Ontology EVM. We also have a $100,000 Hackathon fund for the best projects presented on DoraHacks. At present, many global teams are building their applications and we are calling all to build for Web3, especially around user DID and Data security.
• Ontology’s unique infrastructure supports robust cross-chain collaboration and is available on the well-known Digital Asset Exchange DECOIN.io. It now supports digital assets transactions on the Ontology chain, providing global users with safe and convenient digital asset services.
• SWFT ALLChainBridge, one of the products of SWFT Blockchain responsible for ensuring the efficient swap of digital assets across different chains, has added support for the Ontology Network.
• Ontology’s Business Development Manager Li Ge was invited to participate in the TRENDS TWITTER SPACES NFT special session held by Cointelegraph Chinese, and the online marketplace session hosted by SME Finance Forum, sharing opinions on “the layout of Ontology on the NFT track” and the benefits of DID in the form of the suite of solutions offered by ONT ID.