Here’s what’s happening in Web3 and AI at a glance.
Web3
Telegram Embraces TON Blockchain
1️⃣Telegram announces its plans to leverage the TON blockchain technology. Plans for tokenised features, ad revenue sharing with users, and Tether stablecoin integration are all on the roadmap, signaling a commitment to its decentralised future.
Pendle Supports Protocols, Mints Partnership
2️⃣Yield tokenisation platform Pendle Finance has been busy building integrations and supporting protocols building on Pendle. This includes Ethena’s USDe on Arbitrum and Zircuit, Yearn, and Quantstamp. The DeFi platform recently ranked amongst the top 7 in TVL on the network.
BlockDaemon Sees Bullish Future
3️⃣BlockDaemon’s Barnaby Hodgkins says he is optimistic about the future of the Web3 industry so far. While acknowledging there is still limited institutional adoption, the industry could see growth potential with upcoming keystones like a potential Ethereum ETF.
Record Fees Accompany Bitcoin Halving
4️⃣Bitcoin’s fourth halving event witnessed record-breaking transaction fees as users vied to inscribe data on the block. The craze was fuelled by the launch of Runes, a new protocol for creating tokens on Bitcoin.
FTX May Settle with Investors
5️⃣FTX investors might drop claims against Sam Bankman-Fried in exchange for his cooperation in lawsuits against celebrity promoters. Such celebrities include Shaquille O’Neal and Tom Brady, both well-known NFL and NBA players.
Hal Finney Honored with Award
6️⃣The Human Rights Foundation established the Finney Freedom Prize to honour those who significantly contribute to Bitcoin. Computer scientist Hal Finney, a crucial early figure in Bitcoin’s development, is the posthumous recipient of the first award.
DAO Buys Doge Meme Rights
7️⃣A meme-loving crypto group, Own the Doge, has acquired the rights to the Shiba Inu image associated with Dogecoin. This move aims to grant them control over licensing and potentially lead to lucrative merchandise deals.
Grayscale Lowers Fees with Trust
8️⃣Grayscale plans to launch a Bitcoin Mini Trust with a significantly lower fee of 0.15% compared to its existing product of 1.5%. This spin-off aims to compete with recently approved spot Bitcoin ETFs and offers a tax-advantaged option for GBTC holders.
AI
Miners Face New Challenge: AI
1️⃣Bitcoin miners face a new competitor in the race for computing power: the booming AI industry. The competition for energy to drive processing power could drive up energy costs and require miners to adapt their strategies.
Flock.io and IO.Net Partner on Decentralised AI
2️⃣Flock.io and IO.Net are joining forces to create a decentralised platform for training AI models. This collaboration aims to address privacy concerns and offer a more secure alternative to centralised AI solutions.
Microsoft Invests $1.5 Billion in Abu Dhabi AI
3️⃣Microsoft is making a major investment in G42, an AI tech company based in Abu Dhabi. This move highlights the growing importance of AI and the race for global leadership in this field.
SingularityNet, Fetch.ai, and Ocean Protocol Merge
4️⃣The token holders of three major blockchain projects, SingularityNet, Fetch.ai, and Ocean Protocol, have approved the merger of the three to form the Artificial Superintelligence Alliance (ASI), which is focused on developing decentralised AI infrastructure.
Meta Releases Free AI Assistant On Its Platforms
5️⃣Social media giant Meta has integrated its new AI assistant, Meta AI, into its most popular apps. This AI tool leverages open-source technology and offers functionalities similar to paid services.
Nigeria Launches First Multilingual Large Language Model
6️⃣Nigeria has taken a significant step towards becoming a leader in African AI development with the launch of its first multilingual large language model (LLM). This initiative is backed by international collaboration and aims to strengthen the country’s digital economy.
US and Nigeria Plan Discussions on AI and Digital Economy
7️⃣The United States and Nigeria are planning discussions on artificial intelligence and the digital economy. This collaboration aims to explore potential partnerships and ensure the safe and secure implementation of AI.
Meta Releases Open-Source Llama 3, Rivaling GPT-4
8️⃣Meta has released Llama 3, an advanced open-source large language model comparable to OpenAI’s GPT-4. This free AI tool can generate different creative text formats, translate languages, and write different kinds of creative content.
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