{"id":140,"date":"2022-05-07T16:18:56","date_gmt":"2022-05-07T16:18:56","guid":{"rendered":""},"modified":"2022-05-07T17:46:08","modified_gmt":"2022-05-07T17:46:08","slug":"ontology-weekly-report-april-19-25-2022","status":"publish","type":"post","link":"https:\/\/ont.io\/news\/ontology-weekly-report-april-19-25-2022\/","title":{"rendered":"Ontology Weekly Report (April 19\u201325, 2022)"},"content":{"rendered":"<h1><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2022\/05\/16519095218190_JGQuvsWEYxLGQn88_1.png\" style=\"max-width:100%;\">Highlights<\/h1>\n<p><\/p>\n<p>The Ontology Grant Hackathon with DoraHacks throughout April has officially entered the&nbsp;voting&nbsp;session, and the global community can participate in the voting with prizes to select the most valuable Web3 applications in this competition.&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2022\/05\/16519097857720__wqEW4MkCQHko1lJ.jpg\" style=\"max-width: 100%;\"><span style=\"font-size: 2em;\">Latest Developments<\/span><\/p>\n<p><\/p>\n<h2>Development Progress<\/h2>\n<p><\/p>\n<ul>\n<li>We are 91% done with the Rollup VM design.<\/li>\n<li>We are 50% done with the RISCV instruction set contract implementation.<\/li>\n<li>We are 40% done with the Rollup RISCV EVM actuator.<\/li>\n<li>We are 25% done with the Rollup L1&lt;-&gt;L2 cross-layer communication design.<\/li>\n<\/ul>\n<p><\/p>\n<h2>Product Development<\/h2>\n<p><\/p>\n<ul>\n<li>ONTO App&nbsp;v4.2.5&nbsp;was released, adding token and NFT address scanning features, bringing support for more tokens in the token search section, and bringing users a more convenient experience.<\/li>\n<li>ONTO integrated DeFi platform&nbsp;NerveSwap,&nbsp;OpenSwap, the Aggregator&nbsp;SwapBox, the Decentralized Platform&nbsp;Bafi Finance, and various other dApps, providing users with more DeFi options.<\/li>\n<li>ONTO hosted various online activities with&nbsp;mimo protocol,&nbsp;MetaLine,&nbsp;OpenSwap,&nbsp;SUNT\u00b7DaoFi,&nbsp;Blocksport&nbsp;and&nbsp;PokeMine. Earn rewards by participating with ONTO. Follow the&nbsp;@ONTO Wallet Official Announcement&nbsp;on Telegram for more details.<\/li>\n<\/ul>\n<p><\/p>\n<h2>On-Chain Activity<\/h2>\n<p><\/p>\n<ul>\n<li>135 total dApps on MainNet as of April 25th, 2022.<\/li>\n<li>6,955,034 total dApp-related transactions on MainNet, an increase of 16,718 from last week.<\/li>\n<li>17,341,414 total transactions on MainNet, an increase of 44,803 from last week.<\/li>\n<\/ul>\n<p><\/p>\n<h2>Community Growth<\/h2>\n<p><\/p>\n<ul>\n<li>We held our&nbsp;weekly Discord Community Call, with the theme \u201cHow to build a developer-friendly platform\u201d. A platform with technical advantages, a rich and diverse ecology, specific development fields, and a friendly development environment for developers are all important. Ontology organized hackathons, online discussions, incentive plans, workshops and other activities for global developers to prosper in the ecosystem.<\/li>\n<li>We held our Telegram weekly Community Discussion led by Benny, an Ontology Harbinger from our Asian community. He shared the latest&nbsp;Ontology World Book Day&nbsp;event with community members, hoping to inspire everyone to \u201cread\u201d the history of Ontology together through this activity, and win rewards while learning.<\/li>\n<li>As always, we\u2019re active on&nbsp;Twitter&nbsp;and&nbsp;Telegram, where you can keep up with our latest developments and community updates.<\/li>\n<\/ul>\n<p><\/p>\n<h2>Global News<\/h2>\n<p><\/p>\n<ul>\n<li>The Ontology World Book Day event was successfully concluded. The Ontology team and ecosystem partners have compiled a list of recommended&nbsp;books, covering blockchain, AI, psychology, personal development and other fields. We invite everyone to read together.<\/li>\n<li>The New Stack, the well-known blockchain media outlet, released a special report \u201cOntology\u2019s Web3 Reputation and Identity Management Solutions\u201d, introducing the Ontology reputation framework and decentralized identity solutions.<\/li>\n<\/ul>\n<p><\/p>\n<h2>Ontology in the Media<\/h2>\n<p><\/p>\n<p><span style=\"font-weight: bold;\">Cointelegraph \u2014 \u201cHow Web3 is redefining storytelling for creators and fans through NFTs\u201d<\/span><\/p>\n<p><\/p>\n<p>\u201cWeb3 has given rise to generative NFTs that allow both fans and creators to tell stories across different mediums. Storytelling is at the heart of everything we do. It serves as the basis of the relationships people have with our characters and eventually becomes an emotional bond that lasts a lifetime. Web3 allows people to actively participate in different ecosystems, which is a huge opportunity.\u201d&nbsp;<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2022\/05\/16519102099010_gV_PatSPKk88tZ0w.png\" style=\"max-width: 100%;\"><\/p>\n<p>This places demands on our digital identities \u2014 we need full ownership of our identity. On this basis, the narratives we create will become part of the digital identity, interwoven to form a complete Web3 \u201cprotagonist\u201d image. Now, this digital identity can be created through the Web3 gateway ONTO, and the reputation can be scored through the data on the chain, and then a Web3 identity can be built to participate in various blockchain transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ontology Grant Hackathon with DoraHacks throughout April has officially entered the voting session, and the global community can participate in the voting with prizes to select the most valuable Web3 applications in this competition.<\/p>\n","protected":false},"author":1,"featured_media":141,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/posts\/140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/comments?post=140"}],"version-history":[{"count":0,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/posts\/140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/media\/141"}],"wp:attachment":[{"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/media?parent=140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/categories?post=140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/tags?post=140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}