Overview
In February 2024, Neo advanced its EVM-compatible sidechain, Neo X, focusing on eliminating toxic MEV through innovative techniques like dBFT consensus and enveloped transactions. Key updates include community engagement campaigns, consortium chain launches, and the Web3.0 Global Acceleration Program.
🚀 Neo General Updates
Founder Da Hongfei on Neo X’s MEV-Resistance
Da Hongfei detailed Neo X’s MEV-resistant design in a Medium article, highlighting:
- dBFT consensus for transaction fairness.
- Enveloped transactions to prevent front-running.
👉 Read the Twitter TL;DR thread
Media coverage included:
MEV-Resistance Meme Contest
Neo partnered with Meme2Earn for a $500-prize meme contest (Feb. 28–Mar. 6). Participants illustrated Neo X’s role in blockchain fairness, boosting community awareness.
An-shun Consortium Chain Launch
An Ethereum-compatible consortium chain debuted on the BSN-DDC Network, tailored for Chinese enterprises. Features:
- High security and performance.
- Supports Ethereum dev tools.
Web3.0 Acceleration Program
Eight projects were selected for Neo’s Pan-Asian Web3.0 program, spanning DeFi, AI, and gaming. Each receives:
- $20K initial funding.
- Potential $100K follow-up investment.
Learn more about the projects.
Lunar New Year NFT Campaign
Neo and MegaOasis distributed Fortune Envelope NFTs for Lunar New Year, awarding $400 in GAS to 40 participants.
🌍 Ecosystem News
ITEM Systems at ETHDenver
ITEM Systems (by AxLabs + COZ) hosted an NFI mural hunt (Feb. 23–Mar. 3), bridging physical/digital worlds via scannable chips. Participants redeemed free beers at local breweries.
Project Updates
Weekly reports by Neo News Today covered:
- Jan 29–Feb 4: Neo, Pixudi, Mega Oasis.
- Feb 5–11: Flamingo Finance, O3 Labs, GrantShares.
- Feb 12–18: GhostMarket, World of Elements.
- Feb 19–25: Carrot Swap, ITEM Systems.
- Feb 26–Mar 3: Neo X, Neo SPCC.
🔮 Future Focus
Neo will prioritize:
- Neo X development and partnership expansion.
- Web3 event participation for ecosystem growth.
👉 Join Neo’s X community for updates!
❓ FAQs
Q: How does Neo X prevent MEV?
A: Through dBFT consensus and enveloped transactions, ensuring transaction fairness.
Q: What’s the Web3.0 Acceleration Program?
A: A Pan-Asian initiative offering funding ($20K–$100K) and support to Web3 startups.
Q: How can I engage with Neo’s ecosystem?
A: Follow Neo on X and attend upcoming Web3 events.