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1/ 🚀 Welcome to Virtual Labs! We're revolutionizing Web3 UX with blockchain's first ZK State Channel, the Virtual Engine. Say goodbye to gas fees and latency! 🌐🔗
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2/ What is the Virtual Engine? It's a game-changer that allows users to open a channel and never pay gas again for that DApp. Deposit once and trade across chains seamlessly, with zero gas and zero friction.
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3/ Our vision at Virtual Labs: zero-gas, zero-latency, and zero-friction to boost trustless onchain activity and liquidity. Perfect for gaming, day trading, and SocialFi
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4/ Why integrate the Virtual Engine? Eliminate high gas fees and long settlement times Seamless UX with no wallet or bridging frictions Higher DApp engagement and retention Users keep capital previously spent on gas
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5/ Incentive alignment: With Virtual Engine, users only pay to close their session, encouraging more interactions. Open a channel, trade freely, and settle later.
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6/ Integration is a breeze! The Virtual Engine SDK integrates in under an hour, compatible with your current tech stack. Access more users without multi-chain deployment. ⏱️
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7/ Virtual Engine supports multiple chains like Arbitrum, Optimism, Polygon, NEAR, Solana, and more. Seamlessly engage users from all chains and expand your total addressable market (TAM).
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8/ About Virtual Labs: >Founded in 2022, formerly "Ontropy" >Accepted into Binance's S5 Incubator >$1.3M Pre-Seed round led by OP Crypto VC >Team with 40 years of engineering and Web3 experience
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9/ Our mission: mainstream blockchain adoption by improving UX. We believe that lowering barriers and eliminating frictions is key to making blockchain accessible to the masses. 🏆
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10/ Progress & Roadmap: - 2023: Proved ZK State Channels, tested MVPs with 26 DApps, 6K users, 1M+ transactions - December 2023: Cryptographic testing concluded, team doubled for upcoming mainnet launch
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11/ How it works: - Users deposit collateral to a smart contract - Interactions signed by all players, added to a Merkle root - Seamless cash-out process with lightweight proofs, ensuring security and trust
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12/ Virtual Rollups: Self-validated, zero-gas transactions with no nodes, validators, or sequencers. Users verify transactions, making it unilaterally fault-tolerant.
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