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After Music NFT Relaunch, LimeWire Is Adding AI Tools—Here's Why
The one-time peer-to-peer music sharing giant is adding AI tools to its current NFT focus. LimeWire COO Marcus Feistl shares more.
LimeWire, the early 2000s peer-to-peer music sharing service reborn in 2022 as a music NFT marketplace, revealed a decentralized generative AI creator studio Tuesday that is backed by Ethereum scaling network Polygon. But why is LimeWire pivoting into AI?
The peer-to-peer platform was wildly popular in the early 2000s with over 50 million monthly users at its peak, but closed down in 2011 after losing a legal battle with the Recording Industry Association of America over allegations of piracy. LimeWire relaunched in 2022 as an NFT marketplace with backing from music industry titans like Deadmau5 and Steve Aoki.
It has since signed partnerships with the likes of Universal Music Group (home of Justin Bieber, ABBA and Lady Gaga), and earlier this year, expanded its offerings to allow content creators to curate their own subscription-only feeds, similar to Patreon. Now LimeWire is rolling out a new AI creator studio with an aim to further democratize the creative industry. Read More
Coinbase CEO reveals top 10 crypto ideas he’s urging devs to work on
From flatcoins to on-chain advertisements, Brian Armstrong hopes aspiring developers take the time in the bear market to build out these crypto concepts.
Coinbase CEO Brian Armstrong has unveiled the ten ideas he is most excited about when it comes to crypto’s future, sharing hopes that developers can use the bear market to take them to the next level.
The Coinbase boss shared his vision of a crypto future in an Aug. 30 company blog post and presentation, sharing the concepts he believes have the potential to make it in the digital asset industry.
“I decided to share my 10 top ideas with the hope that someone goes out and builds them,” he said before adding, “Ideas are cheap.”
One of the first concepts he discussed was a “flatcoin” — a decentralized stablecoin that tracks inflation to preserve purchasing power, which could be backed by a basket of assets or use an algorithmic approach. Read More
Stroom Raises $3.5M to Bring Liquid Staking to Bitcoin Lightning Network
Bringing liquid staking to Bitcoin will help solve Lightning Network’s liquidity challenges, argues the team behind the Stroom Network.
Stroom Network, a liquid staking project for Bitcoin's Lightning Network, has raised $3.5 million in an oversubscribed seed funding round led by Berlin-based crypto investment firm Greenfield, with strategic support from Mission Street, the venture arm of Ankr.
The funding round was also joined by Lemniscap, No Limit Holdings, and Cogitent Ventures, along with several other venture capital firms and angel investors.
By applying the mechanics of liquid staking—the process of staking tokens to a network and receiving a different token representing that staked position in return—Stroom Network offers users the ability to trustlessly use their Bitcoin (BTC) capital simultaneously on both the Lightning Network (LN) and Ethereum.
Stroom, which currently has eight members, plans to use the raised funds to further expand the team and release the Liquid Staking Token on the Ethereum mainnet. Read More
MATIC Getting Massive Technical Upgrade With POL, Says Polygon Founder
Polygon Labs founder Sandeep Nailwal says Polygon’s (MATIC) upcoming upgrade will transform its native asset into a “third-generation token.”
The Polygon community is currently mulling a technical proposal that would upgrade the project’s native MATIC token and rename it to POL.
The proposal is part of the network’s transition to Polygon 2.0, which aims to establish the project as the “value layer of the internet.”
Explains Nailwal on the social media platform X,
“POL delivers the benefits of multi-chain staking without the added risks of restaking. With the Polygon 2.0 proposal, the Polygon Ecosystem will expand from a single chain to an ecosystem of L2s (layer-2s) that can easily interoperate and share liquidity with each other.” Read More
A democratic society values a free-flowing media ecosystem. A healthy media ecosystem is one of the characteristics of a democratic society. Mass media outlets such as newspapers and cable TV networks were prominent in the past. Today, the internet and social media platforms allow for greater communication across society.
Journalism, investigative correspondents, and even freelance writers are essential to that ecosystem. High-quality reporting revealing brutal truths and users' scope and exposure on social media to either create or access information are forces that can drive genuine societal change. And even keep the power structures in check.
Despite the positive aspects mentioned above, harmful practices and negative external forces related to the media ecosystem often eclipse them. These issues are usually easy to recognize once they’re identified. Therefore, it is important to acknowledge them and spread awareness about their potential risks.
Doing so will help you make informed decisions about how you use media and how it can impact your life and the lives of others. The following are a few issues pervasive in many digital news sites, forums, and social media platforms. Read More
Markethive Media has embraced blockchain technology and cryptocurrency, building an ecosystem that belongs to “we the people,” eliminating many of the issues plagued by media outlets today. With its meritocratic culture, dynamic social media interface, and growing community, Markethive is enhancing and bringing the platform into the future internet with new technology and interfaces, but still in keeping with the human touch.
Three Factors That Could Drive the Next Crypto Bull Run
Every event requires a catalyst – a spark that will precipitate the explosion that comes next. It’s been that way since the Big Bang, and crypto is no different.
When Bitcoin enters full bull season again, the breakout will occur overnight, and yet the seeds that triggered it will have been planted long ago.
A plethora of macro and micro forces will dictate the timing, ferocity and duration of the next bull run – that giddy phase when a market enters ‘up only’ mode and assets good and bad post-double-digit gains just for fun.
We don’t know the day or hour when crypto will break bullish. But we know that it’s coming, as sure as night follows day.
And when it does occur, odds are that the following factors will play a pivotal part in crypto’s stellar story. Read More
Argent, Starknet Foundation Tag 'Several Millions' for New Startup Studio
With infrastructure and UX solved, Argent and the Starknet Foundation are teaming up again to fund builders looking to launch on Starknet.
To kick-start more building on the layer-2 network Starknet, the eponymously named Foundation and Web3 wallet provider Argent are teaming up to launch a new startup incubator.
Called Hito Studios, the platform will provide all the bells and whistles a new startup needs, including legal support and hiring.
Starknet-based teams like Unframed, an NFT marketplace, and Ekubo, a Uniswap-esque decentralized exchange native to Starknet, have already joined to assist the launch.
"We have achieved significant milestones in enhancing the performance and scalability of Ethereum on Starknet," Starknet Foundation's CEO Diego Oliva shared with Decrypt. "Nevertheless, to achieve widespread adoption, it is also crucial to foster the participation of numerous teams in developing products that address substantial issues and deliver meaningful value to users." Read More
Ethereum staking services agree to 22% limit of all validators
The 22% self-limit rule ensures at least four major staking entities would need to collude in order for the chain to reach finalization.
At least five Ethereum liquid staking providers have either imposed or are working to impose a self-limit rule in which they promise not to own more than 22% of the Ethereum staking market — seen as a move to ensure the Ethereum network remains decentralized.
Among the Ethereum staking providers either already committed or are working to commit to the self-limit rule include Rocket Pool, StakeWise, Stader Labs and Diva Staking, according to Ethereum core developer Superphiz.
Puffer Finance, another liquid staking service, also announced its commitment to the self-limit. Read More
No Internet? You Could Still Use Bitcoin on the Lightning Network
Researchers found a way to use a local "mesh network" to connect nodes via Bluetooth and WiFi, building a local Lightning Network they call LNMesh.
No access to the internet? In addition to not being able to browse tweets or the latest heart-melting cat eating corn on the cob video, lack of a connection means users can't make Bitcoin payments.
Researchers have long been exploring how to get around this problem in the case of natural disasters or in areas of the world where internet access is spottier. Wireless computer researcher Ahmet Kurt pointed to the 2017 hurricane in Florida as an example. "There was a huge power outage. People were desperate. Unless you have cash, how are you going to pay for stuff? That was very troubling," he told Decrypt.
In the research report LNMesh: Who Said You need Internet to send Bitcoin? Offline Lightning Network Payments using Community Wireless Mesh Networks, researchers from Florida International University (who specialize in "post-disaster" research) explored sending payments over Bitcoin's Lightning Network without Internet access. Bitcoin's Lightning Network is faster and cheaper than Bitcoin proper, and is often touted as the future of the digital currency. 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.
