{"id":326,"date":"2024-06-24T16:34:16","date_gmt":"2024-06-24T16:34:16","guid":{"rendered":""},"modified":"2024-06-24T16:34:26","modified_gmt":"2024-06-24T16:34:26","slug":"ontology-weekly-report-june-11th-june-17th-2024","status":"publish","type":"post","link":"https:\/\/ont.io\/news\/ontology-weekly-report-june-11th-june-17th-2024\/","title":{"rendered":"Ontology Weekly Report (June 11th \u2014 June 17th, 2024)"},"content":{"rendered":"<p>This week at Ontology has been bustling with exciting developments, partnerships, and community engagements. Here\u2019s a detailed update on our progress and activities:<\/p>\n<p><\/p>\n<h2>Latest Developments<\/h2>\n<ul>\n<li>Ontology Australia Node:&nbsp;We\u2019re excited to announce that Ontology Australia node now has its own channel! Follow for updates and learn more about node staking on Ontology.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2024\/06\/17192179017750t491MzA6pd9T_ore.jpg\" style=\"max-width:100%;\"><\/p>\n<ul>\n<li>AMA with Bitget \u2014 Ontology French:&nbsp;The French community enjoyed an engaging AMA session with Bitget, discussing future collaborations and community questions.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2024\/06\/17192179153460fIG_dIHvZeLdkeds.jpg\" style=\"max-width:100%;\"><\/p>\n<ul>\n<li>Web3 Happenings:&nbsp;Did you join our Web3 happenings this week? Stay tuned for more insightful sessions!<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2024\/06\/171921792546408gF9MH_TK6nUuZz7.jpg\" style=\"max-width:100%;\"><\/p>\n<ul>\n<li>New Article on Blockchain and Digital Identity:&nbsp;A fresh article discussing blockchain\u2019s role in digital identity has been published. Check it out to understand how blockchain technology is shaping secure digital ecosystems.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2024\/06\/17192179355450MmixNDq-Z0ceNejW.jpg\" style=\"max-width:100%;\"><\/p>\n<ul>\n<li>Community Updates Coming Up:&nbsp;Tune in to our upcoming community update for details on exciting events on the horizon.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2024\/06\/171921794466905PUvnv394n4Z_xkP.jpg\" style=\"max-width:100%;\"><\/p>\n<ul>\n<li>Partnership with DxSale:&nbsp;We have partnered with DeSale to revolutionize the Web3 landscape, aiming to enhance platform integrations and user experiences.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2024\/06\/17192179519130tVRfZO1RfYecl0Rl.jpg\" style=\"max-width:100%;\"><\/p>\n<ul>\n<li>Future DID Quests:&nbsp;Expect more DID-related quests as we continue to expand our focus on decentralized identity solutions.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2024\/06\/17192179583210AOyqVs7VeMnWSOPi.jpg\" style=\"max-width:100%;\"><\/p>\n<p><\/p>\n<h2>Development Progress<\/h2>\n<ul>\n<li>Ontology EVM Trace Trading Function:&nbsp;Now at 93%, we\u2019re nearing completion, enhancing our trading capabilities within the EVM space.<\/li>\n<li>ONT to ONTD Conversion Contract:&nbsp;Progress has reached 60%, making the conversion process more streamlined and user-friendly.<\/li>\n<li>ONT Leverage Staking Design:&nbsp;Currently at 43%, this development promises innovative staking options for the community.<\/li>\n<\/ul>\n<p><\/p>\n<h2>Product Development<\/h2>\n<ul>\n<li>ONTO x NFTFeed Giveaway:&nbsp;ONTO is having a giveaway with NFTFeed! Don\u2019t miss your chance to win exclusive NFTs.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2024\/06\/17192179961830981CYyXP_jqX2ZxO.jpg\" style=\"max-width:100%;\"><\/p>\n<ul>\n<li>ONTO x XSTAR Giveaway Winners:&nbsp;Congratulations to the winners of the ONTO x XSTAR giveaway! Rewards have been distributed.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/ont.io\/blog\/wp-content\/uploads\/2024\/06\/17192180034540chqnMPULOA__IXUi.jpg\" style=\"max-width:100%;\"><\/p>\n<p><\/p>\n<h2>On-Chain Activity<\/h2>\n<ul>\n<li>DApp Ecosystem Stability:&nbsp;The total number of dApps on our MainNet holds steady at 177.<\/li>\n<li>Transaction Growth:&nbsp;This week saw an increase of 570 dApp-related transactions, totaling 7,769,159, and a total transaction increase on MainNet by 2,111, reaching 19,462,273.<\/li>\n<\/ul>\n<p><\/p>\n<h2>Community Growth<\/h2>\n<ul>\n<li>Vibrant Community Discussions:&nbsp;Our platforms on Twitter and Telegram are buzzing with the latest developments and interactions. Join us to stay connected and involved.<\/li>\n<li>Telegram Discussion on Interoperable DID Solutions:&nbsp;This week, led by Ontology Loyal Members, we explored \u201cInteroperable DID Solutions: Web2, Web3, and Beyond,\u201d discussing the implications for KYC, login systems, and peer-to-peer interactions.<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This week at Ontology has been bustling with exciting developments, partnerships, and community engagements. Here\u2019s a detailed update on our progress and activities: Latest Developments Ontology Australia Node:&nbsp;We\u2019re excited to announce that Ontology Australia node now has its own channel! Follow for updates and learn more about node staking on Ontology. AMA with Bitget \u2014<\/p>\n","protected":false},"author":1,"featured_media":327,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/posts\/326","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=326"}],"version-history":[{"count":0,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/posts\/326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/media\/327"}],"wp:attachment":[{"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/media?parent=326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/categories?post=326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ont.io\/news\/wp-json\/wp\/v2\/tags?post=326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}