Barbados, March 10, 2021 — Shyft Network, the blockchain-based identity verification platform that enables compliant DeFi for institutions, has completed its latest sale round with major industry participants including Spartan Group, Coinfund and GSR. The sale garnered a lot of interest from both blockchain and crypto-based users.

The star-studded roster of participants includes Spartan Group, Bitfury, Blockchange, Morningstar Ventures, CoinFund, BlockTower, Maven 11, Connect Capital, GSR, Bering Waters, LD Capital, Ybb.io, CoinIX, TRG Capital, and Digital Finance Group.

What is Shyft Network?

Shyft Network is a public blockchain protocol designed to aggregate and embed trust and validation into data stored…

Hello everyone! Welcome to the first official Shyft Network AMA.

It has been quite a ride so far and we are very excited for what’s in store for Shyft Network.

So, why don’t we start by introducing the co-founder team that will be participating today.

Chris Forrester and Bruce Silcoff, please give the community a short intro, who you are, what role you play and, more importantly, why

Bruce Silcoff:

My name is Bruce Silcoff and I am a Co-Founder of Shyft, Head of Enterprise and Global Services, and CEO of PerseID.

I am a serial entrepreneur with a 30+…

We started Shyft Network with the view that one day our ecosystem would require critical infrastructure to ensure its stability. Now, more than three years later, that day has come; as international regulatory guidance begins to take shape, we begin to introduce infrastructure that aims to solve global challenges faced by ecosystem participants.

The Shyft Network roadmap spans multiple years, but is not limited to our roadmap alone; rather, the future development of Shyft will also be dependent on where our industry goes, and the challenges that present themselves across institutional adoption and regulatory guidance.

The goal of introducing Shyft…

I’d like to take a dive into the deep end and talk about the regulatory shift — no pun intended — that is happening today because Bitcoin has performed exactly as we expected. Institutions are now coming aboard. The momentum we see today is more justified than that of 2017’s, during the days of the ICOs. Today’s momentum is here to stay, and that’s exciting. That’s why there is a regulatory shift happening.

The ecosystem has started to understand the implications of the ongoing regulatory shift. That fact that crypto doesn’t fit into the regulatory box is the problem. Bitcoin…

Bridgetown, Barbados — We are delighted to announce our partnership with Polygon (formerly known as Matic Network) to collaborate and build an enhanced regulatory-compliant infrastructure for Decentralized Finance (DeFi).

Shyft Network’s compatibility with the Ethereum Virtual Machine will enable Polygon to deploy an opt-in compliance infrastructure, such as whitelisted addresses and Anti-Money-Laundering (AML) and GDPR compliant systems, that help comply with AML regulation while protecting user’s personal identifiable information.

Developers will be able to integrate Shyft Network core contracts into their Dapps and enable Know-Your-Customer (KYC) & identity primitives, compliant asset pools, routed reputation and verification across Dapps, and comply…

From the Shyft Network Team:

Hi everyone, as we begin to distribute and hand over the core protocol to the ecosystem and community, we wanted to quickly put out a high-level breakdown to provide more context, as well as a better high-level view of how we see economic circulation and productive supply across the Shyft Network.

We also want to notify anyone inspecting the contract’s values moving here and there, that we will be shortly moving assets to Cold Storage.

The way to look at Shyft Network’s economics is through streams of productivity and how those tranches are formulated, what they are intended to achieve…

Thank You!

Dear Shyft Network Community,

Thank you for the incredible support. We are thrilled with the results from our IDO on Polkastarter. Although we came across a technical hurdle that pushed our launch date, we are thrilled to reach 100% sold out in the POLS holder pool, while the public pool reached 89% capacity. Our team is blown away by how quickly things moved, and thank the Polkastarter community for the outpouring of support.

Summary:

• POLS pool was sold out within the first 10 minutes
• Public pool was 89% sold out with the remaining transactions stalled
• POLS Pool Sold…

Dear Shyft Network Community,

In alignment with the @polkastarter team, we have come to the decision to postpone the IDO until Friday, March 26th, 2021 @ 3PM UTC.

Shyft Network is, to our knowledge, one of the largest smart contract infrastructures in the ecosystem, with use cases that require this infrastructure to perform critical operations directly after launch. The size and complexity of the network’s smart contracts makes deployment ordering critical; a core contract that is used to route KYC primitives across multiple networks was missing a feature that would allow for accelerated deployments over the next 3 months of the protocol deployment’s roadmap.

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