Telos June 2023 Recap
Telos made major strides in the gaming sector in June through establishing a collaboration with global retailer, GameStop. The two organizations teamed up to announce that the forthcoming GameStop Playr platform will be supported by the Telos Network and showcase games built on the blockchain.
Through a strategic partnership with The Blockchain Collaborative (TBC) at Baylor University, Telos also surpassed EVM transaction benchmarks in June via a series of controlled tests. A co-authored report between TBC and Telos revealed that testing had recorded 15,200 successful transactions per second (TPS) on the tEVM alongside 1,826 swap TPS.
In this overview of last month’s highlights, we invite you to revisit all of the additional developments at Telos in June, including recaps of each of the project’s different ecosystem teams’ progress and achievements. Without further ado, let’s dive right in!
In June, Telos Core Developers (TCD) continued to move forward with different technologically-driven initiatives intended to support the ongoing enhancement, progression and growth of the entire Telos ecosystem. From Telos’ native network to the tEVM and several dApps associated with the project, here’s a look at some of the key developments that took place:
New Hire
- Alberto Garoffolo: The team was excited to introduce Alberto as Telos’ new Head of ZK Technologies in mid-June. His work in Zero-Knowledge and SNARKs will help deliver innovation, greater security and more versatility to the Telos ecosystem.
Telos Core Blockchain
- Telos Native App: Upgrades made to Telos’ native app in June include fixing a recaptcha endpoint error that has been preventing account creation, the addition of a governance page and the implementation of a universal loading indicator.
Telos EVM
- Baylor Report: Telos worked with TBC at Baylor University in Waco, Texas to test and record 15,200 TPS on the tEVM while also measuring 1,826 swap TPS — both figures that far surpass the other leading blockchains of today.
- EVM 1.5: Several improvements were made to tEVM 1.5, including upgraded gap checker code, speed functionality and translator speeds. Plus, integrity testing and document duplication testing took place.
- EVM 2.0: For tEVM 2.0, internal transaction fixes were implemented and tested rigorously to assure success. Progress was also made on the Antelope Leap plugin, a key piece of the project’s EVM 2.0 roadmap.
- EVM Docker: Hyperion was removed from the system to allow for easier ongoing maintenance.
- EVM Translator: The tEVM Translator saw a series of developmental milestones; web sockets were fine-tuned to improve real-time communications (data conversion redundancies for websockets were also eliminated), gas usage displays were optimized, code changes were made to improve efficiency, and transaction data was optimized to be broadcast in its original form.
Teloscan & dApps
- Telos Wallet: The native Telos Wallet saw several upgrades in June, all of which served to continue to improve its user experience and overall functionality. NFT inventory accessibility was upgraded to enable parallel processing for faster transaction history retrieval and to improve filtering systems for NFTs. Additionally, faster page load times, educational documentation links, enhanced balance displays for new accounts, more dynamic user interfaces for devices with small screens, WalletConnect improvements, bug fixes, general security and system refinements, as well as deeplink handling were also introduced.
- Telos Open Block Explorer (OBE): The block explorer for Telos also underwent upgrades that will deliver value to the Telos community at large. Action name inclusion was added to deliver more transparency for transactions taking place on Telos, while visual enhancements, code cleanup and multichain refactoring to simplify network switching were also brought forward.
- Teloscan general upgrades: Last month, the tEVM explorer underwent a Web3 package upgrade to improve compatibility and performance, a sourcify link was fixed to enable unfettered user access and Teloscan README documentation was updated.
Moving forward, the TCD team’s priorities include:
- EVM Web Wallet
- Launching TELOS ZERO
- 1155 support (Translator, Indexer and API involved)
- Ongoing UI/UX improvements
- EVM 2.0
- Governance Change backlog
For a comprehensive exploration of the latest technical advancements on Telos, delve into the weekly TCD Snapshot:
TCD Snapshot June 12 — June 18
TCD Snapshot June 19th — June 25th
TCD Snapshot June 26th — July 2nd
Telos’ marketing team generated industry-wide traction in June around the announcement of the project’s collaboration with GameStop through Playr. Top Web3 publications covered the news, including CoinDesk, Blockworks, PYMNTS, The Street, Blockster, and more. Outside of coverage through traditional media, the coalition received significant buzz across the project’s leading social channels as both current community members and new faces alike cheered on the exciting new development.
Outside of the Playr collaboration, the project raised awareness in several key areas through the Telos Town Hall, AMAs, regular Twitter Spaces, a keynote video highlighting NBX 2023 and recurring series’ such as the team spotlight series, Telos Weekly and Telos Uninterrupted. Here’s a dive into the highlights of all Telos marketing activities in June:
Marketing Highlights:
- GameStop Playr: Telos announced its official collaboration with international gaming juggernaut GameStop at the beginning of June to help onboard the next generation of gamers into Web3 through the Playr game launcher.
- Telos Town Hall: The Marketing Team organized a new Telos Town Hall community Q&A where the Telos Foundation and Telos Core Developers provided a deep dive into The Telos x GameStop Playr Collaboration
- Powered By Telos GameFi: GameFi returned to the Powered By Telos Panel with a new Twitter Spaces discussion featuring RazeRacing, Fusionist, and Katanainu — This month’s topic: Building Games For the Next 100M Users In Blockchain!
- Telos x CoinDesk TV Interview: The Telos Foundation’s Head of Business Development, AJ Dinger, was featured in an exclusive interview on the Future of Web3 Gaming on CoinDesk TV’s ‘The Hash’!
- Team Spotlight Series: We introduced our new weekly team spotlight series, which highlights new contributors across the project’s different ecosystem platforms (marketing, DeFi, NFTs, etc.).
- Telos Breaking EVM Transaction Records: An official report was released highlighting Telos’ research with The Blockchain Collaborative at Baylor University. The study revealed neutral, third-party research that clocked the tEVM achieving rapid speeds of 15,200 TPS and 1,826 swap TPS.
- Telos x r/Superstonk AMA: TF Head of BD AJ Dinger represented Telos in the r/Superstonk community AMA alongside Platinum Sparkles and Crybad from the r/SuperStonk Community.
- Telos World Tour Recap: In the first half of 2023, Telos spanned the globe! The dedicated teams at The Telos Foundation & TCD have ignited global conversations about the power of the Telos Network at numerous major conferences. Read our full thread linked below for a full recap of all the conferences Telos attended so far in 2023!
- Telos Zealy: Another successful Telos Zealy season was completed which resulted in boosted community interaction and ecosystem participation by rewarding our most loyal community members.
- New Video Tutorials: Brand new Video tutorials were added to the official Telos YouTube channel.
- 3XP Web3 Gaming Expo 2023: The Telos Foundation attended the Web3 Gaming Expo hosted by 3XP in Pasadena, California.
- Telos Uninterrupted: Telos Thursday Talks has evolved, and we’re taking it to the next level with our new ‘Telos Uninterrupted’ community series. Building upon our popular Telos Thursday Talks series, Telos Uninterrupted will feature the latest in Web3 news, exclusive thought leadership discussions, new Telos ecosystem updates, community Q&A and more. More content, more focused discussion, more Telos!
- Telos Weekly: We’ve continued to roll out informative weekly recurring content such as the Telos Weekly series on YouTube, Telos Weekly Express Newsletter on Twitter, the TCD Snapshot on Medium and TCD Weekly Q&A.
- Website updates: Second wave of telos.net website improvements were deployed.
Business Development is always top of mind at the Telos Foundation as expanding Telos’ community, partners and reach while building more use cases, utility and functionality for the native TLOS token will continue to be pivotal moving into the future. The Telos Foundation stays busy and June was no exception, with the introduction of numerous strategic partnerships and collaborations that will help Telos continue to move the needle and onboard new users and community members. Here’s a summary of key business development items in June:
Gamestop — One of the biggest partnerships in the project’s history, Telos and GameStop have joined together to help forge the future of Web3 Gaming! Both parties will be committing themselves to helping onboard the next generation of Web3 gamers and soon users will be able to play their favorite Telos games on the new Gamestop Playr game launcher, fuelling an experience never before seen in Web3 Gaming.
SideKick — Telos partnered with SideKick Finance to help support the project in its goal of democratizing the crowdfunding space through blockchain and Web3 technology. This new partnership will enable the Telos community to participate in project funding through SideKick, specifically via its Web3 crowdfunding platform called JumpStart.
SafePal — In June, Telos teamed up with decentralized wallet provider and developer, SafePal. The partnership will see Telos’ token ecosystem fully integrated into SafePal software, hardware and browser wallet extensions.
ChangeNow — Telos announced a new partnership with ChangeNOW, a cross-chain swaps service with bridge functionality. Through this partnership, the gaming and exchange applications for the native TLOS token will be advanced.
Telos’ NFT ecosystem continued to progress throughout the month of June through new collabs, fresh projects dropping, Telos Ignite grants, and more. Here’s a look through last month’s developments:
New Robinos NFTs: Telos’ favorite sports betting platform Robinos has released its second offering of NFTs. Focusing on Cricket this time around, the team has delivered top quality art alongside the ability for collectors to earn based on how their NFTs perform in the season.
Kanda Weather NFT Project: In collaboration with our NFT team, Kanda has brought forth a truly unique NFT offering that embodies Telos’ NFT mantra: “digital assets, real world impact.” Kanda Weather NFTs constitute a fractionalized real-world purchase of a weather sensor in Uyo, Nigeria, which can reinforce weather data in the region and has the potential to positively impact the lives of millions of people.
Artist Spotlight Program, Season 2: Artists that have minted their work on Telos have typically been well received and gone on to become regular fixtures of the project ecosystem. To celebrate these active artists and community participants, Season 2 of Telos’ Artist Spotlight Program draws on a wide range of mediums and styles, while tapping up and coming talent in the NFT space. Artists can also regularly be found on the Digital Collectible Show in the Official Telos Discord.
Community Dev Israel received a Telos Ignite Grant: In recognition of his impressive vision and to enable him to continue his work on a Telos-centric marketplace, community dev Israel was officially awarded a Telos Ignite Grant. He has been a key member of the community creating tooling to support the Telos NFT ecosystem as well as assisting in development work of several projects on-chain. Truly a team player, everyone at Telos eagerly awaits the fruits of Israel’s labor and is excited to see him continue to grow and advance along with the project.
June has been a month of resilience and progress for the Telos DeFi community as we continue to address the fallout from the Multichain incident in May. Despite ongoing challenges, our team has been diligently working with the Omnidex team to ensure smooth liquidations in the TLOS lending markets.
Our primary focus has been researching and exploring various bridge solutions to restore the robustness and reliability of the Telos DeFi ecosystem. We are pleased to announce that we have made significant progress and have reached an understanding with one of the space’s top 5 bridges. Deployment of the new bridge is targeted before the end of July, a major milestone that will greatly enhance our infrastructure.
In addition to bridge solutions, we are excited to welcome Nicky Chalabi as our new DeFi lead. With her wealth of experience, Nicky is driving new project outreach, managing deal flow, negotiating partnerships, and developing DeFi strategy.
During this time, we want to highlight that the liquidity removed from the Telos EVM has been temporarily migrated to Ethereum and BSC chains, ensuring seamless access and utilization for our users.
We are also actively working to secure top exchange listings and on/off-ramp solutions. Our conversations with various exchanges are progressing positively, with some in advanced stages.
We extend our gratitude to the Telos DeFi community for your unwavering support and patience during these challenging times. Rest assured, we remain fully committed to restoring stability and elevating the Telos DeFi ecosystem.
Now into July, our focus remains on delivering a seamless and secure DeFi experience. We will continue to provide updates on the development and deployment of the new bridge solution and the progress of our exchange listings and on/off-ramp solutions.
Thank you for your continued dedication and involvement in the Telos DeFi community. Your feedback and contributions are vital to our collective growth and success. If you have any questions or concerns, please don’t hesitate to reach out to us. Together, we will overcome challenges, drive innovation, and shape the future of decentralized finance on Telos.
Key June Highlights:
- Liquidity Migration to Ethereum and BSC chains.
- SafePal integration with TelosEVM, two other major Hardware wallet providers, will be announced in July.
- Nicky Chalabi to lead Telos DeFi.
- Research and exploration of new bridge solutions. Also secured a commitment from one of the top 5 bridge solutions to deploy before the end of July.
- Telos Boost program paused temporarily till the situation with bridging resolves- So far 10 applications have been received (5- Rejected, 6- Approved).
- 40+ projects in the DeFi/Infra deal flow. Agreements signed with 2 DeFi protocols expected to launch in August/September.
- Positive discussions with top-tier exchanges, potential announcements in the following months.
L&E Finances:
- We currently have ~$5.6 million in assets and 47% is in TLOS token.
- Liquidity Fund activities:
- Snapshot of L&E funds (as of 9th July 2023):
Conclusion
June brought a lot of attention to Telos through a number of pivotal and game changing partnerships and developments, led by the project’s new collaboration with international gaming retailer, GameStop. The month started on a high note with the announcement that Telos would be utilized for GameStop’s Playr Web3 gaming launcher, but momentum and progress across all ecosystem departments kept up all month long and have delivered a rock solid foundation for the project leading into the busy summer months.
As always, we’d like to take a moment to thank the Telos community for all of your support, time and attention. Despite difficult market circumstances, projects that have productive and capable teams alongside loyal, ever-expanding communities have the potential to change the world for the better over time. This remains Telos’ aim as the project continues to work towards advancing decentralization and technological efficiency in order to make life more seamless and secure for our community globally.
Follow Telos
The Telos Foundation is a decentralized, independent and not-for-profit organization that spearheads the advancement and governance of the Telos blockchain. Since the network launched in 2018, Telos has demonstrated unparalleled reliability with over five years of uninterrupted service. In 2021, Telos released the tEVM — the fastest Ethereum Virtual Machine — operating in parallel with the native Telos Network. After a unanimous decision brought about by a recent community-led vote, Telos is now shifting development into a Layer 0 network, placing an emphasis on scalability, security, and decentralization. In an ever-evolving world, Telos is focused on advancing decentralization through reliable, eco-conscious and trustless technology while providing solutions that can lead to greater adoption of blockchain technology globally.
