Secret Network Ecosystem Update: January 2022

January saw the unveiling of Shockwave, the next phase of Secret Network's explosive growth: featuring $400M in ecosystem funding, new product development, and more major announcements!

Secret Network Ecosystem Update: January 2022

Greetings Secret Agents!

Thanks for being here. Your mission, should you choose to accept it, is to read the following post and learn what has been going down in the Secret ecosystem in January 🤫

Shockwave revealed. $400M in ecosystem funding. Secret Oracles. SecretSwap Infinity pool. Secret Py. Secret GripTape Hackathon. Button Swap. Shinobi Beta Testing. $1M+ sale on the first released Quentin Tarantino NFT. Listings on Huobi, FTX, and MEXC. Countless NFT collections launched.

And so much more.

January 2022 was a big turning point in history for Secret Network, marking the beginning of the Shockwave growth initiative. Our push to bring privacy to all public blockchains is rapidly becoming reality. See what’s been done lately - and how you can get involved!

January saw the official reveal of Shockwave: the next phase of Secret Network's explosive growth. With privacy being more essential than ever for the global adoption of Web3, we’re taking Secret Network’s expansion to the next level. Shockwave is an ecosystem wide initiative devoted to driving mass global adoption and usage of Secret Network.

The primary focus of Shockwave are the rapid expansion of both adoption and community growth. This takes the form of the following goals for Secret Network in 2022:

  1. 100 new projects building in the Secret ecosystem in H1 2022
  2. Hundreds of thousands of new users onboarding onto Secret Apps in H1 2022
  3. Multiple Secret Apps achieving 10,000+ active users

Secret Network will also keep tracking other core metrics important to the growth of Secret Network, including: developer onboarding and education, community growth, active addresses, active validators, daily transactions and contract interactions, TVL in Secret DeFi, active collections of Secret NFTs, and more.

Learn more about Shockwave:

Shockwave: The Next Phase Of Secret Network’s Explosive Growth
Learn how we aim to solidify Secret Network as a critical pillar and privacy hub for Web3 in 2022, onboarding hundreds of projects and hundreds of thousands of users.

$400M Ecosystem Funding

Secret Network is proud to announce publicly that multiple top-tier investment firms have acquired SCRT positions and recently joined the Secret ecosystem as critical stakeholders, including: DeFiance Capital, Alameda Research, CoinFund and HashKey.

In January, Secret Network also revealed a new $225M ecosystem fund comprised of contributions from 25 existing ecosystem investors and partners targeted at expanding Secret Network’s application layer (including DeFi and NFTs), network infrastructure, and tooling.

Finally, Secret Network announced its $175M accelerator pool (funded in SCRT) that is designed to provide non-dilutive capital, grants, and ecosystem incentives to rapidly expand user adoption.

Secret Network Announces $400M in Ecosystem Funding and Reveals New Investors
DeFiance Capital, Alameda Research, CoinFund, HashKey, and more join the Secret ecosystem - and we reveal $400M in ecosystem funding with support from 25 organizations!

$1.1 Million Tarantino NFT Sale

Quentin Tarantino, the award-winning director, screenwriter, producer, author, film critic and actor, is making available fan-favorite moments from his original, never-before-seen handwritten screenplay of “Pulp Fiction” along with unique audio commentary by Tarantino. These chapters are immortalized as NFTs on Secret Network, the data privacy platform for Web3.

Tarantino NFT Collection
Tarantino NFT collection holds unknown secrets of one of the greatest screenwriters, directors, authors and filmmakers of all time.

The winning buyer of the very first chapter, the 'Royale With Cheese' NFT, was @AnonsNFT, who bid $1.1M!

SCRT Labs Announces Triumphant Sale of First Never-Before-Seen-Or-Heard Tarantino NFT for $1.1 Million
LOS ANGELES, January 24, 2022--SCRT Labs, the core development team behind Secret Network and the first blockchain with data privacy by default for smart...

Secret Oracles

In a new Secret Feature, we revealed our work on Secret Oracles - a giant leap forward for oracle use cases.

Random number generation is crucial for many blockchain applications. It is critical in ensuring fair creation of features for NFTs, outcomes on blockchain-enabled games (eg: loots, card shuffling, die rolling), assignment of tasks in DAOs, and so on. The outcomes have real financial consequences on users, making it critical that their source of randomness is secure and non-gameable. With the ever-growing number of applications and ever-increasing value at stake, it is imperative that a reliable source of randomness is available.

Enter Secret Oracles ("Scrt-RNG") on Secret Network. Leveraging the decentralization of Secret Network as well as the power of privacy-preserving smart contracts, randomness can be generated by Secret Oracles - empowering the next generation of applications on Secret Network.

Secret Oracles are a decentralized, trustless source of private randomness achieved by crowd-sourced entropy to produce random numbers which are permisionless in their accessibility by other Secret Network addresses (including other privacy-preserving smart contracts).

Secret Feature: Secret Oracles
Secret Oracles on Secret Network empower decentralized, trustless sources of private randomness that can be used by other contracts for use cases such as gaming, NFTs, and more!

Orbem Wars

Yet another Secret Feature went into depth on Orbem Wars. Orbem Wars is a full blown Tower Defense game with four game modes, set in a distant future in which humankind has ventured into space in search of riches. Driven by your own pursuit of power, you play a mercenary. This four modes are single-player campaign mode, event mode, league mode, and contract mode.

Orbem Wars — Airdrop Details
All you have to know about the Orbem Wars NFT airdrop! How to qualify, how to get priority for higher rarities, snapshot period, and more. Note, this blog will be updated as community questions make…

In Orbem Wars, every single turret schematic and turret modification is a Secret NFT. With 15 schematics to fit, each with 3 modifications, a full loadout consists of 60 NFTs. To make sure everybody can get started and has the freedom to experiment with different strategies, the first 2 rarity levels are virtual items on the game server.

Public alpha for Orbem Wars begins in February, so join the community today!

Secret Feature: Orbem Wars by Domerium Labs
A new entry in the Secret metaverse, Orbem Wars is a full-blown P2E tower defense game. Offering four game modes, including PVP and large-scale events that have players wage galactic wars!

Secret Network February Ecosystem Roadmap

Full PDF version of the roadmap, including links

The reveal of the February roadmap update is right in line with the reveal of Shockwave in early January. With more products being funded and built, more creators launching on Secret Network, and more supporters and partners than ever helping to ensure our global growth, the future has never been brighter for Web3 privacy!

Secret Network Ecosystem Roadmap - February Update!
In January, Secret Network saw the release of Blackbox, Secret Py, Emergent Properties, and the Secret Invoice Payment System. Read along as we look at what we can expect next!

Secret Feature: Secret Py

After countless hours of hard work, the Secret Network developer community has officially launched Secret Py. Secret Py is a Secret Software Development Kit (SDK) that consists of a simple python library and toolkit for building software that can interact with the Secret blockchain.

GitHub - secretanalytics/secret-sdk-python: Python library to interact with Secret Network on Cosmos
Python library to interact with Secret Network on Cosmos - GitHub - secretanalytics/secret-sdk-python: Python library to interact with Secret Network on Cosmos

Secret Py provides simple abstractions over core data structures, serialization, key management, and API request generation. Development of the Secret PY SDK was inspired by terra.py on Terra.

Secret Feature: Secret Py
Secret Network launches Secret Py, a simple python library for building software that can interact with the Secret blockchain.

Python is a loved language in the world of programmers - offering up flexibility and versatility for certain use cases that lower-level programming languages are not as well suited for. As such, Secret Py on Secret Network will allow for developers familiar with python to build and test components of Secret Apps much quicker - potentially pulling in brand new developers to Secret Network. Features of Secret Py are as follows:

  • Written in Python, offering extensive support libraries
  • Versatile support for key management solutions
  • Exposes the Secret Rest API through LCD Client
Secret py is live
Hi there, We’re excited to soft release secretpy into the world and lay the first stone towards building a python dev community. The codebase lives here and the package is secret-sdk. First, props to the terra.py team from which this work is a fork of and to the secret-js contributors for trail bl…

Secret Griptape Hackathon

In late January, the Griptape team was excited to announce the upcoming Griptape Hackathon. Throughout the month of February, Griptape will be hosting a first of its kind hackathon on Secret Network. Griptape.js is a Javascript / Typescript development framework that sits between the smart contract layer and the traditional Web2 development stack. What this means is that anyone who has built a website with React, Vue, Svelte, or just plain HTML, CSS, Javascript, will be able to seamlessly get a Secret App up and running thanks to Griptape.

All month long developers will be welcome to join the Griptape community to learn about this truly amazing development framework - griptape.js - and compete for the opportunity to win cash prizes. What's more, participants will be building an actual application that will benefit the Secret Ecosystem!

Secret Griptape Hackathon
Throughout the month of February, Griptape will be hosting a first of its kind hackathon on Secret Network. All month long developers will compete for the opportunity to win prizes by using the griptape.js framework on Secret Network!

Now, some more updates from the Secret application ecosystem:

SecretSwap Partners with Alter

SecretSwap is proud to announce its partnership with Alter - the Web 3.0 standard for mailing, messaging, and file sharing with data management is built on Secret Network. The $ALTER token was the first asset listed on the new aggregate rewards governance staking pool on SecretSwap, code name Infinity! Additionally, an ALTER staking pool has been provided for staking and receiving Alter on the SecretSwap platform.

To further clarify the partnership and expand on details of both projects, an AMA was hosted on a YouTube Live AMA on January 11th.

Watch now on the SecretSwap YouTube page!

Announcing SecretSwap’s partnership with ALTER!
For those unfamiliar, ALTER is the most secure and private messaging app built on blockchain technology powered by Secret Network’s private smart contracts and ECDH (Elliptic Curve Diffie–Hellman)…

SecretSwap Infinity Pool

The new aggregate rewards pool includes a 10 day lock-up period. This means unstaking from this pool will take 10 days to complete and for the funds to be released, at which point the user will be able to claim their stake. There will be a “redeem” function that allows a user to initiate the withdrawal process and a separate withdrawal function to remove unlocked disbursements. While $SEFI is staked within the aggregate rewards pool, it will earn $SEFI, governance power for DAO participants, plus assets of new partner projects and additional tokens will be added continually as rewards.

Introducing the INFINITY POOL! ∞
With the recent announcement of the $ALTER partnership, we are very excited to announce that this January we will be releasing our new aggregate rewards governance staking pool, code named Infinity…

Button Swap

In the world of DeFi, there are countless number of options. Swap on Osmosis? Sienna? SecretSwap? Users are forced to manually check across a variety of DEXs for specific trades, making decisions based on the depth of liquidity. Manually checking is not efficient and does not enable complex trading routes and paths. This opportunity is where sophisticated DEX aggregators algorithms enter the world of DeFi - key tools used for saving money on swaps.

Enter Button Swap - a DEX aggregator built for privacy-preserving DeFi. Button Swap combines liquidity from decentralized protocols SecretSwap and Sienna Network to get you the most lucrative swaps. It’s like 1inch and Auto Swap, but with the added protection from front-running attacks by utilizing Secret Network’s smart contract technology!

Secret Feature: Button Swap
Button Swap is a privacy-preserving DeFi / DEX aggregator by btn.group, offering the best token swap rates on Secret Network.

Shinobi Public Beta Test

Public Beta Testnet Blog

In January, Shinobi Protocol deployed its public beta testnet. Shinobi Protocol is a trustless, bidirectional bridge that connects Bitcoin mainnet users directly to Secret Network. With a hash verification system, Shinobi Protocol avoids the traditional direct custodial model by instead being a privacy-secured trustless bridge. With the advent of Shinobi Protocol, it is now possible for Bitcoin holders to have direct access to Secret DeFi in a way that has never been possible before. With Shinobi there is no middleman, and the peg in/out actions communicating with Secret Network are not discernible from ordinary transactions on the Bitcoin blockchain.

Learn more:

Public Beta Test Overview
In the Public Beta Test, the Secret Network is Mainnet and Bitcoin is Testnet. SBTC and SNB used in the Beta Test are for testing purposes only, and have no practical value. The test schedule is…

Shade Protocol Multichain Airdrop Panel

In this video, the core contributors to Shade Protocol walked through the architecture of the upcoming February 21st, 2022 multichain airdrop of $SHD which will be given to SCRT, ATOM, and LUNA stakers that were staked during the snapshots that occurred in November and December of 2021. Shade Protocol is an array of connected privacy-preserving DeFi applications build on Secret Network.

SCRT Labs Delegation Policy

SCRT Labs shared its new SCRT delegation policies for 2022, helping incentivize the secret nodes and core contributors working to strengthen the entire Secret Network ecosystem. A month before the end of each quarter, SCRT Labs will publish an interest form for validators to fill out, in which they’d need to explain how they benefit the network and how much delegation they ask for. These interest forms will then be reviewed. The SCRT staking allocation decisions from SCRT Labs are based on merit and concrete contributions to the network.

SCRT Labs Delegation Policy
SCRT Labs shares its new delegation policies for 2022, helping incentivize the secret nodes and core contributors working to strengthen Secret Network!

Some liquidity and availability updates:

FTX Lists SCRT Futures

January saw FTX list Secret (SCRT) on its exchange:

  • Trading started at 2022-01-18 14:00 (UTC)
  • Trading pairs: SCRT-PERP

Huobi Lists SCRT

Huobi Global also listed SCRT on its Pioneer Zone on January 18th, 2022.

MEXC Lists SCRT Futures

MEXC also listed SCRT futures on January 18th, 2022.

Binance Lists SCRT/USDT Pair

Binance listed a SCRT/USDT pair on January 21st, 2022.

Media & Content

January featured tons of new coverage of Secret!

On this episode of epicenter.tv, Sunny Aggarwal and Friederike Ernst talk with Guy Zyskind, CEO of SCRT Labs about Secret Network - an open-source data privacy platform built using the Cosmos SDK. Hear how they're using Trusted Execution Environments and SGX technology on the network.

https://epicenter.tv/episodes/425
Don’t Let Web 3 Repeat Web 2’s Mistakes
Web 3 must be private by default, Tor Bair of the Secret Foundation writes for CoinDesk’s Privacy Week.
Secret Network offers $400M in funding to bring others in on the secret
Secret Network is offering $400 million in funding to build the privacy ecosystem and attract users.
Secret Network Announces $400M Ecosystem Funding, Reveals Big-Name Investors - Blockworks
The privacy-focused blockchain will launch a $175 million accelerator pool and $225 million ecosystem fund
Privacy-Focused Blockchain Secret Network Announces $400M in Funding
The project includes a $225 million ecosystem fund and $175 million accelerator pool.
This is the crypto secret that will change your portfolio in 2022
Is this blockchain’s best kept secret? Find out how this new blockchain will change everything about your transaction privacy!
Coverage of the Secret Network "Shockwave" Initiative
3 Things You Need To Start Using Secret Network For (Altcoin Buzz)

Governance Proposals

January saw the on-chain renewal of the Secret Network awareness committee, as well as funding for Secret Dreamscape: a SecretNFT card game.

Secret Dreamscape Bootstrap Funding Proposal
The team behind Secret Dreamscape is requesting $35,000 USD to finish the development of one of the first games built entirely on-chain. We believe gaming on Secret Network is the next critical vertical, after DeFi and NFTs. NFTs will soon enter mainstream gaming culture and the community would grea…

Secret Forum Highlights

Minimum Validator Commision - Discussion
Thank you for that considered and thoughtful post, @chillyvee ❤ You made so many good points. My key takeaways were: Do we want what is best for the growth of the network? Do we want to empower smaller validators to contribute? I favor the growth of the network and its long-term success, and fo…
Secret Network Support Team Funding Proposal
Hourly rates seem kind of high. Are there benchmarks that were used in the creation of these figures?
SCRT Labs delegation, grants, and more
This is probably a little late given the announcement already, but I would also add it worth considering a commission rate requirements for both minimum and maximum rates. For example, it doesn’t stand to reason for 0% validators to receive team delegations. How are they benefiting from it?

Community Art

Release of MetaRats SecretNFTs on Stashh

What’s Next?

This is just the tip of the iceberg for the Secret ecosystem, which has also seen an explosion in on-chain adoption, NFT usage and issuance, user growth, and more over the past months!

Check out network statistics at: http://secretanalytics.xyz/

The massive progress in January is right in line with the reveal of Shockwave. With more products being funded and built, more creators launching on Secret Network, and more supporters and partners than ever helping to ensure our global growth, the future has never been brighter for Web3 privacy.

Secret Network Announces $400M in Ecosystem Funding and Reveals New Investors
DeFiance Capital, Alameda Research, CoinFund, HashKey, and more join the Secret ecosystem - and we reveal $400M in ecosystem funding with support from 25 organizations!

If you’re a developer, you can also read through our latest announcements re: the new $225M Secret Ecosystem Fund, which contain details on how to connect with the SCRT Labs team and the rest of our developer ecosystem. Additionally, check out Secret Network grants and get started building today!

If you’re anyone who is passionate about ensuring Web3 users have the data privacy protections they need and deserve, become a Secret Agent. It is our mission to make sure the decentralized web we’re building is one that truly empowers - and one that is accessible to all.

Secret Network - Become a Secret Agent
Secret Network is a blockchain-based, open-source protocol that lets anyone perform computations on encrypted data, bringing privacy to smart contracts and public blockchains.

Thank you for your support - the Shockwave is just starting! 🤫

Onwards and upwards!

To discuss Secret Network and Secret Apps, visit our community channels:

Website | Forum | Twitter | Discord | Telegram