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Decentralization democratizes access to AI computing — Theta Labs exec
Theta Labs head of strategy Wes Levitt says the decentralized cloud is more cost-effective and offers greater flexibility and reliability for AI solutions.
The artificial intelligence sector has exploded and seems to show no signs of slowing down. However, most companies and projects utilize centralized services such as Amazon Web Services (AWS) for cloud computing power, which can be costly and prone to outages.
Decentralization and blockchain are solutions to these issues, according to Theta Labs head of strategy Wes Levitt, who told The Agenda podcast that decentralized cloud computing saves customers money and offers greater reliability and flexibility.
Levitt spoke to hosts Jonathan DeYoung and Ray Salmond for episode 51 of The Agenda, where he broke down how decentralization helps democratize access to computing power, why academia has become Theta Labs’ top customer and more. Read More
The new Stellar initiative crowdsources ideas for Web3 innovation
From community insight to IRL building efforts, this platform aims to turn ideas into real-world impact.
The Stellar Development Foundation (SDF) has launched Build Better, a new initiative aiming to translate community insight to real-world impact.
The crypto winter has sifted through the noise, leaving behind only the projects with substance. As the crypto community looks ahead to an impending bull cycle, many overhyped and speculative ventures have faded into obscurity, raising the question: What’s next for Web3 and will it finally propel it into the mainstream?
The fundamental promise of Web3 remains as compelling as ever: to reimagine outdated systems, create equitable access and unlock new forms of creativity and value exchange. Stellar, a blockchain recognized for its real-world applications, is building on this promise with the launch of Build Better.
Build Better opens the doors for everyone to share their most transformative ideas. The platform will act as a bridge between the community and builders to turn insights and ideas into solutions. Read More
Galaxis Enhances Online Web3 Community Building with Dual Staking Programs
The Web3 SocialFi platform’s new Governance Staking and Engine Superlock programs combine community voting power with rewards.
Galaxis—a Web3 platform for creators, celebrities, and brands to build and maintain “unstoppable communities”—has unveiled two new staking initiatives that promise to transform how members participate in and benefit from their digital communities.
Providing self-sovereign digital spaces that operate independently of traditional social media platforms and centralized control, Galaxis’ infrastructure and digital membership cards underpin Web3 communities for prominent figures including Donald Trump, Steve Aoki and Mike Tyson, as well as brands like the NBA. Its NFT-based cards serve as the foundation for community engagement, offering holders specific benefits, redeemables, and access to private channels.
Now, with the introduction of Governance Staking for Members and Engine Superlock for Engine Holders, Galaxis is taking community participation to a new level, by combining its governance mechanisms with a programme of rewards for holders of its GALAXIS token. Read More
In AI’s Data Divide, Blockchain Finally Empowers the Have-Nots
For far too long, we’ve all been data have-nots. Our personal information has been hoarded in silos, owned by corporations and sold to the highest bidder.
As we transition into the artificial intelligence (AI) age, this problem is not only persisting but intensifying.
LLMs (large language models) are now learning from our data without compensating or even acknowledging the rightful owners.
If data is indeed ‘the new oil,’ then we all deserve to tap into our reserves and share in its value.
Blockchain offers a solution by ensuring transparency, fair compensation and immutable traceability.
This approach effectively tackles some of AI’s most pressing challenges related to data privacy, accessibility and copyright.
By solving the data ingestion problem, blockchain protocols and platforms promise ethical evolution while ensuring we all get our fair share of the AI pie. Read More
Exploring The IndoEx Cryptocurrency Exchange The First Trading Platform To List The Markethive Token - Hivecoin
The IndoEx exchange aims to cater to a broad spectrum of investors, including newcomers, seasoned traders, and institutional investors, rather than focusing on a specific target audience like most crypto trading platforms. The platform's primary objective is to offer a robust and efficient infrastructure that enables seamless and rapid transactions of crypto assets.
As the IndoEx trading platform is the first crypto exchange to list Hivecoin, this article delves deeper into the platform, exploring it further to bring awareness to the Markethive community. Since its establishment in 2019, IndoEx has gained prominence in the alternative cryptocurrency trading sector due to its reasonable commissions, secure wallets, high trading volume, and fast transactions.
The trading platform, with offices in the United Kingdom and Estonia, provides close to 300 trading pairs, can be used in 150 different countries, and supports a range of cryptocurrencies, including popular ones such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tether (USDT), and Ripple (XRP), as well as notable alternative coins like DASH, Chainlink (LINK), and Solana (SOL). Furthermore, it accommodates less mainstream coins and tokens like NEO, Cardano (ADA), and EOS, amounting to 180 cryptocurrencies. Users can exchange these coins for traditional currency or trade them with one another.
The platform provides users exclusive access to newly launched tokens through airdrops, giving them a head start in discovering and acquiring new tokens with the potential for long-term growth. Beyond trading, users can also benefit from receiving free tokens that may significantly impact the global market. Furthermore, the platform hosts trading contests and an initial coin offering (ICO) launchpad, offering crypto enthusiasts a comprehensive suite of features. Read More
Archax provides access to abrdn money market fund on the XRP Ledger in collaboration with Ripple
Archax, said to be the first FCA regulated digital asset exchange, broker and custodian, has provided access to a money market fund from UK asset manager abrdn in tokenised form on the XRP Ledger (XRPL), a decentralised blockchain.
The fund comprises part of abrdn’s £3.8bn US dollar Liquidity Fund (Lux) fund and represents the first tokenised money market fund on the XRPL, further establishing it as one of the leading blockchains for real-world asset (RWA) tokenisation and institutional decentralized finance (DeFi).
This milestone is the result of an ongoing collaboration between Archax and Ripple, a specialist in enterprise blockchain and crypto solutions. It marks an important step towards unlocking operational cost savings and settlement efficiencies by deploying capital markets infrastructure on the XRPL.
According to McKinsey, tokenised money market funds already exceed $1bn in assets under management, and some projections estimate the value of tokenised assets could reach $16trn by 2030, signalling strong market demand.
Ripple will allocate USD$5 million into tokens on abrdn’s Lux fund. Ripple’s allocation represents part of a larger fund that Ripple will allocate to RWAs on the XRPL provided by a range of asset managers.
“The next evolution of financial market infrastructure will be driven by the broader adoption of digital securities,” said Duncan Moir, senior investment manager, abrdn. “Real benefits are to be had from leveraging the efficiency of moving the end-to-end investment and cash settlement process on-chain. The XRPL is an established venue for this thanks to its institutional-grade functionality, cost efficiency and built-in compliance capabilities. We are delighted to be working with Ripple and Archax to deliver this important milestone.” Read More
Solana overthrows Ethereum’s 8-year reign as top ecosystem for new devs
Ethereum still has the crown for total developer activity, topping the charts globally.
New developers flocked to the Solana ecosystem this year, overthrowing Ethereum’s eight-year reign as the top ecosystem for new developers.
Still, Ethereum is number one globally in total developer activity.
According to a Dec. 12 report from Electric Capital, the Solana ecosystem onboarded more new devs than the Ethereum ecosystem for the first time since 2016.
Current totals show that 7,625 new developers have joined Solana this year, led by growth in Asia, compared with Ethereum’s 6,456.
The report also noted that the Solana ecosystem had experienced an 83% jump in activity since last year.
Solana managed to briefly flip Ethereum on several fronts this year. On March. 18, Solana network activity surpassed Ethereum amid a scramble for Solana-based memecoins, while Oct. 28 saw it surpass Ethereum in daily network fee generation over 24 hours.
The report found that 39,148 new developers began exploring crypto this year, down 7% from last year and about half the all-time high of more than 77,000 in 2022. Read More
Building a DEX? Don’t bother starting without a security plan
Developers must prioritize user protection in the DeFi landscape.
It’s fair to say that nobody loves two-factor authentication (2FA).
Depending on the platform, it can be a massive hassle that adds time to a potentially urgent task. 2FA is now, however, a fundamental security step that ensures the safety of our valuable data. Despite the momentary inconvenience, the benefits of maintaining data integrity outweigh the minor headaches.
Relying solely on 2FA or additional security measures is insufficient. Security is more than a checkbox or periodic review — it’s an ongoing commitment to staying ahead of threats as they evolve with new technology. That is particularly true for decentralized exchanges (DEXs), where the absence of central oversight and high asset values raise the stakes.
In this context, prioritizing security has been more urgent than ever to prevent losses and establish a framework upholding trust and reliability. If security isn’t your top priority as DEX developers, it could be time to reassess your role. Read More
Avalanche Raises $250 Million in Token Sale Ahead of Major Network Upgrade
More than 40 venture capital firms pitched in to help Avalanche Foundation raise $250 million ahead of its major "9,000" network upgrade.
The Avalanche Foundation announced a raise of $250 million via a locked sale of the AVAX token, the native token of the Avalanche blockchain, ahead of its planned launch of its significant Avalanche9,000 network upgrade.
The investment follows the testnet launch of Avalanche9,000, an upgrade designed to make it cheaper and easier to build on Avalanche and deploy dedicated, app-specific networks called “L1s,” formerly known as Avalanche subnets.
More than 40 venture capital firms participated in the sale, which was led by Galaxy Digital, Dragonfly, and ParaFi Capital.
“Avalanche's upcoming Avalanche9,000 upgrade represents a pivotal step toward advancing the decentralized finance ecosystem,” said Dragonfly Managing Partner Haseeb Qureshi, in a statement. “We believe Avalanche is uniquely positioned to capture the growing momentum in Web3 and blockchain scalability.”
Avalanche is a layer-1 blockchain network that first gained prominence as a competitor to Ethereum, promising cheaper and faster transactions to fuel decentralized applications, or dapps. Over time, it has established itself as a prominent network for such dapps, alongside Solana. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
Featured Image Source: Pixabay
