Share this article

Hyperledger Adds 'Indy' and 'Composer' Blockchain Projects

The Linux Foundation-backed Hyperledger blockchain project got a little bit bigger this week.

Updated Sep 11, 2021, 1:17 p.m. Published May 3, 2017, 5:15 p.m.
Piece

The Linux Foundation-backed Hyperledger blockchain project got a little bit bigger this week.

Yesterday, the group’s blog showcased Project Indy, which is focused on digital identity tools for blockchain ecosystems. Indy is being spearheaded by a group called the Sovrin Foundation, founded last year to provide solutions for decentralized identity.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters

According to the group’s chair, Phil Windley, the goal is to draw in additional developers to the cause by way of the Hyperledger community.

"Our hope is to attract even more developers who want to unleash the transformative power of digital identity that is truly decentralized, self-sovereign, and independent of any silo," he wrote.

But Indy isn’t the only project to join Hyperledger's ranks.

Composer

, unveiled earlier today, is aimed at developing "business networks" on top of Hyperledger-tied systems such as Fabric, Iroha or Sawtooth Lake. The project was developed by a team drawn from IBM and blockchain startup Oxchain.

Like the group behind Indy, those backing Composer are hoping to tap the development community around Hyperledger for further iteration.

"By working with the community, we would like to continue to develop Composer to be a powerful and complete development framework that allows users to easily and rapidly build blockchain business networks," the team said.

Image via Shutterstock

More For You

Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Title Image

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

More For You

HYPE token surges 24% as silver futures volume soars on Hyperliquid exchange

(Thomas Lohnes/Getty Images)

Silver futures on the crypto derivatives exchange are currently showing $1.25 billion in volume and $155 million in open interest.

What to know:

  • HYPE, the native token of the Hyperliquid derivatives exchange, jumped 24% in 24 hours as trading in silver, gold and other commodities surged.
  • Silver perpetual futures on Hyperliquid became the platform’s third most active market during Asia hours.
  • Because trading fees from user-created markets are used largely to buy back HYPE on the open market, the spike in commodity activity is fueling demand for the token and signaling broader growth for Hyperliquid.