Cryptocurrency exchange Binance announced plans to conduct a scheduled system upgrade, set to begin at 07:00 UTC on August 6th and expected to last around 10 minutes, though the duration may vary. The upgrade aims to improve data system performance and stability.

During the downtime, individuals leveraging the mobile application, website, and desktop platforms may be unable to access trade history for orders placed. However, API users will continue to receive trade history data for the orders.

Notably, throughout the upgrade period, traders will still be able to access Binance Spot and Margin. Additionally, there will remain a possibility to verify whether their orders have been filled by monitoring alterations in the asset balances within the Spot and Margin Wallets.

In regards to the upgrade’s procedures, the exchange plans to provide updates via its social media channels. However, there will be no additional updates after the process is finalized.

Binance: A Prominent Crypto Exchange 

It represents one of the major cryptocurrency exchanges known for facilitating transactions with more than 350 cryptocurrencies and digital tokens. The platform is recognized for its competitive transaction fees and strong liquidity options, serving a broad user base. Its ecosystem encompasses Binance Exchange, Labs, Launchpad, Info, Academy, Research, Trust Wallet, Charity, NFT, as well as additional services. According to CoinMarketCap, its trading volume exceeded $15.6 billion in the past 24 hours.

In June, the company obtained a Virtual Asset Service Provider (VASP) license from the Dubai Virtual Asset Regulatory Authority (VARA) for its local entity, Binance FZE. This development includes transitioning user accounts from Binance’s global exchange to Binance FZE, which operates under VARA’s regulations specifically for residents of the UAE.

Recently, it has integrated Gravity (G) into its Simple Earn, “Buy Crypto,” Binance Convert, Binance Margin, and Binance Auto-Invest services, providing users with more opportunities to engage with the G token across different Binance platforms.

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Decentralized protocol AltLayer (ALT), which supports the deployment of native and restaked rollups, released a new design proposal for stateless rollup clients. The new design is focused on enhancing performance, security, and scalability. It involves developing a stateless client for rollups that utilize alternative data availability (DA) layers instead of relying on Ethereum.

In this context, a stateless client must verify that the rollup block has been published on the underlying DA layer. Additionally, once block availability is confirmed, the client must also ensure that the state resulting from executing the transactions in that block has been recorded in the rollup contract. The final step involves checking the validity of the new state against a previously validated state.

These outlined desired features must be implemented in a manner that enables stateless clients to store minimal state simultaneously maintaining the system’s general security.

AltLayer’s new restaked rollup fast-finality AVS product, ‘MACH,’ built on EigenLayer’s restaking mechanism, incorporates these features to enable stateless clients for rollups using an alternative DA layer. This design advances security and verifiability, optimizing performance and security for zero-knowledge and optimistic rollups.

Rollup stacks (@optimism’s OP Stack, @Arbitrum Orbit, etc.) have created a wave of app-specific rollups, many of which use alternative DA layers such as @Eigen_DA.

AltLayer has been working on a stateless client for rollups to easily verify the validity of rollup blocks.

— AltLayer (@alt_layer) August 1, 2024

AltLayer Launches AVS ‘MACH’ On Arbitrum One Mainnet

This project represents an open and decentralized protocol created for rollups. It presents the concept of restaked rollups that improve existing rollups—disregarding the underlying rollup stack, encompassing OP Stack, Arbitrum Orbit, ZKStack, Polygon CDK, and more—by offering better security, decentralization, interoperability, as well as crypto-economic fast finality.

Recently, AltLayer unveiled the release of the AVS “MACH” on the Arbitrum One mainnet. This update allows individuals and decentralized applications (dApps) to benefit from fast finality of under ten seconds, state verification with shared security guarantees, and improved interoperability.

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Company specializing in identity verification, location intelligence, and fraud prevention, GBG released a new report titled “Building Trust in Digital Channels: A Study of Banking and Finance in Asia.” Produced in partnership with Chartis Research, the study explores the hurdles and a progress in fraud detection and prevention in light of the region’s unprecedented digital adoption levels.

One of the major findings indicates that 8 in 10 Asian financial institutions and banks are encountering challenges with digital fraud detection. However, they are actively contributing in the technology and improving user experience to reduce these risks and maintain customer confidence.

The company has also highlighted a warning tendency of the growing complexity and frequency of fraud occurrences. Nearly 90% of participants identified evolving tactics and sophistication as the greatest challenges in fraud identification. Importantly, scams and phishing attacks have seen the most notable increases, with 59% and 57% of respondents reporting a rise in these two types of fraud, respectively.

When it comes to balancing security and customer experience, 97% of respondents acknowledged the challenge. This echoes the fast digital adoption across Asia, where real-time payments are now commonplace, enhancing the risk of fraud for financial institutions and their clients. Consequently, it is crucial for these organizations to implement strong security measures while ensuring a positive customer experience to maintain trust.

GBG Finds That Proactive Technological Investments Represent A Priority  

Among other findings, the report emphasizes that accurately detecting newer, more complex fraud types will necessitate a multi-layered approach that combines traditional anomaly detection techniques with advanced methods such as neural networks. However, the presence of legacy systems and technology complicates the integration of additional data into existing fraud practices, with 64% of respondents citing this as a primary reason for high false positive rates. This issue is further compounded by the prevalence of poor data quality, a concern shared by 52% of the respondents.

Additionally, the study found that while banks and financial institutions in Asia have traditionally relied on recruiting staff to address gaps in fraud detection, these organizations plan to increase their investments in machine learning (ML) and artificial intelligence (AI) over the coming years. Investment in these technologies is expected to rise from 16% in 2023-24 to 68% in 2025-26. This indicates a shift away from traditional anomaly detection methods towards automated solutions capable of managing more complex tasks. This transition aims to reduce the burden on staff and organizational costs while enhancing fraud detection efficiency.

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Multi-asset liquid restaking protocol Bedrock announced a partnership with the Binance Web3 wallet to launch a new feature that allows users to restake Bitcoin and earn rewards with uniBTC. This campaign is currently active and is scheduled to conclude on August 7th.

Users need to connect their Binance Web3 Wallet to Bedrock before pre-staking their chosen wrapped BTC token by minting uniBTC. By doing so, they will receive a 3x boost on the 21 Diamonds per hour for each uniBTC held. This results in a total of 63 Diamonds per hour for each uniBTC in their Binance Web3 Wallet, plus any additional rewards from Babylon staking.

The minimum amount of wrapped BTC needed to participate in staking is 0.0001 BTC. Users will receive their boosted Diamonds within two weeks after the campaign concludes.

In order to participate, users should access the Binance Web3 Wallet, go to the “Discover” section, and select “Exclusive Airdrop” to locate the Babylon Staking Campaign page. Next, they need to find Bedrock in the list and click “Stake Now.” When the page loads, users should select the “uniBTC” option from the menu bar at the bottom of the screen, which will then prompt them to connect their wallets.

After connecting their wallet, users must choose the type of BTC to stake and its corresponding network. Currently, Bedrock supports multiple types of wrapped BTC across various networks, including wBTC and FBTC for Ethereum, wBTC for Optimism, BTC and wBTC for Bitlayer, BTC and wBTC for the B2 Network, and BTC and MBTC for Merlin Chain.

Next, individuals need to enter the amount of BTC they wish to stake, click the approve button, and follow the instructions to approve and stake the assets. A confirmation screen will then appear, and users should click “Stake” once more to finalize the process.

Earn rewards on top of rewards with $uniBTC x @Web3WithBinance for restaking #Bitcoin
63 Diamonds per hour per uniBTC held
BTC staking rewards
Min 0.0001 BTC stake
Campaign duration: 1 week

Learn more: https://t.co/TyG27wAnao pic.twitter.com/Q2bhDrXOf0

— Bedrock | Bitcoin Restaking LIVE (@Bedrock_DeFi) August 1, 2024

Bedrock Unveils uniBTC, Offering Restaking Solution For wBTC On Ethereum

Bedrock represents a multi-asset liquid restaking protocol backed by a non-custodial solution developed in collaboration with RockX, a well-established blockchain infrastructure firm with a strong background in cryptocurrency staking. It supports uniBTC, uniETH, and uniIOTX assets for both restaking and staking activities.

It introduced uniBTC in May of this year as the first BTC liquid staking protocol based on the Bitcoin staking solution, Babylon Chain. uniBTC offers a restaking solution for wBTC tokens on Ethereum, allowing holders to receive multiple yields without needing to redeem their BTC.

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Decentralized initiative Data Ownership Protocol (DOP) announced plans to launch its mainnet on the Layer 2 network Polygon on August 5th. Along with the launch its non-fungible token (NFT) encryption feature will also be introduced on the network. Further details and specific timelines for the event will be provided at a later date, according to the project.

Polygon is a sidechain scaling solution that operates alongside the Ethereum blockchain. By redirecting transactions from the Ethereum mainnet to a sidechain and to a separate Layer 2 zkEVM network, Polygon is able to process transactions more quickly and cost-effectively in comparison with the Ethereum.

In addition, Data Ownership Protocol unveiled that, since the launch of its mainnet several months ago, it has made notable progress in developing the project. Achievements include collaborating with Polygon for the deployment of the DOP Mainnet, introducing an NFT encryption feature, enabling third-party gas fee payments through Relayers, and implementing lower fees along with an updated economic model.

In addition, the project has initiated the Grants Program for applicant evaluations, launched the first DAO voting for community governance, and introduced a token value and buyback program.

Since we launched our Mainnet a couple of months ago, we’ve been working around the clock, checking items off our new roadmap, sealing collaborations & adding new features to our protocol. DOP Project Director, Avidan Abitbol, is here to present the progress we’ve been making… pic.twitter.com/iMzqPqPnk9

— Data Ownership Protocol (@dop_org) August 1, 2024

DOP Partners With Polygon To Launch On Its Network 

The Data Ownership Protocol (DOP) is designed to improve data privacy and control in Web3 environments. By utilizing advanced cryptographic technologies such as zk-SNARKs and ECDSA, DOP facilitates individuals to operate and selectively reveal their on-chain activities, striking a balance between transparency and privacy. This capability gives users control over the information they reveal about their asset holdings and transactions, simultaneously guaranteeing compatibility with Ethereum decentralized applications (dApps) and preserving liquidity.

DOP partnered with Polygon earlier this month intending to deploy on its Proof-of-Stake (PoS) network, signifying an important step in expanding its ecosystem and offering more efficient solutions to individuals. Along with the deployment, the DOP token will be bridged to Polygon for fee payments. Additionally, a bridge between Ethereum and Polygon PoS will be integrated into the DOP user interface.

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Tokenized real-world assets (RWA) investment platform OpenEden unveiled plans to launch tokenized United States Treasury bills (T-bills) to the XRP Ledger (XRPL) and its users.

The XRPL is crafted to support institutional-grade financial applications. It offers a solid foundation for RWA tokenization and advanced decentralized finance (DeFi) due to its Automated Market Maker (AMM), upcoming capabilities like Decentralized Identifiers (DID), Multi-Purpose Tokens (MPT), Lending Protocol, and more. Over the past ten years, it has hosted over 1,000 projects, processed more than 2.8 billion transactions without failure or security breaches since 2012, and at present supports over 5 million active wallets with a 120 validator network.

The assets backing OpenEden’s TBILL tokens are invested in short-term United States Treasury bills and reverse repurchase agreements secured by United States Treasuries. Those who mint these tokens undergo rigorous Know Your Customer (KYC) and Anti-Money Laundering (AML) screening to maintain high security and regulatory compliance standards.

Furthermore, Ripple will invest $10 million into OpenEden’s TBILL tokens as part of a broader fund. This fund is designated for tokenized Treasury bills issued by OpenEden and other providers.

OpenEden’s Tokenized T-Bills On XRP Ledger Mark Next Phase Of Project Development 

The project aims to integrate RWAs into DeFi to unlock significant value. Its Treasury Bills represent a smart contract-based vault that offers contributors direct access to a collection of short-term United States T-Bills and overnight reverse repurchase agreements via the TBILL token. This token is backed on a one-to-one basis by short-term United States T-Bills and a minor amount of United States Dollars.

Recently, the platform exceeded $75 million in total value locked (TVL) for its tokenized United States Treasury Bills, establishing itself as the largest issuer in Asia.

Jeremy Ng, Co-Founder of the OpenEden, noted that introducing tokenized T-bills to the XRP Ledger is the next phase in OpenEden development. According to him, buyers will soon be able to mint TBILL tokens using stablecoins, encompassing Ripple USD, when it becomes available later this year.

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Digital services are becoming more accessible, and industries are transforming as a result of decentralized technology. However, it might be difficult to transform creative concepts into profitable endeavors. 

Startups and developers frequently require assistance in order to obtain capital, become visible, and acquire the traction necessary to enter the mainstream market. Grants play a crucial role in assisting in the surmounting of these obstacles and promoting expansion and creativity within the Web3 ecosystem.

Empowering Growth Through Financial Support

Unlike more conventional financing sources like venture capital, grants provide crucial financial support throughout critical phases of a project’s growth. Grants, in contrast to equity investments, do not call for payback or equity dilution, freeing up inventors to concentrate on idea development without having to worry about money right now. For many, this special quality provides a lifeline, allowing them to go from conception to realization and reach a wider audience.

Grants enable developers to pursue creative ideas more freely by removing financial barriers. In the Web3 arena, where innovative solutions need significant resources and risk tolerance, this assistance is especially vital. Grants facilitate the investigation of novel technologies, protocols, and applications by entrepreneurs, hence promoting the progress of the entire ecosystem.

BNB Chain’s Comprehensive Support for Builders

BNB Chain is committed to fostering innovation within the Web3 ecosystem through a range of programs and initiatives. Its builder support program is particularly comprehensive, addressing needs at various stages of project development.

The Most Valuable Builder (MVB) program, the BNB Incubation Alliance (BIA), and hackathons are available for ideas that are still in the ideation stage. These programs support concepts in their early stages and offer prospective grants and investments to winners. These programs’ organized approach assists entrepreneurs in honing their concepts and being ready for market success.

Based on important performance indicators, BNB Chain offers incentives and subsidies to initiatives that have progressed past the first phase. These include of trade volumes, total value locked (TVL), and daily active users (DAU). This kind of assistance guarantees that initiatives succeed in the post-deployment stage and experience sustainable development.

Fostering a Culture of Experimentation and Risk-Taking

The Web3 ecosystem is built on a culture of innovation and risk-taking, where it is encouraged to push the boundaries of technology and explore new avenues. Grants are a major factor in promoting this culture since they give funding for initiatives with a high chance of success. Grant funding allows entrepreneurs to test new technologies and create creative solutions that might not be commercially viable right away but have long-term promise.

This assistance motivates developers to take on challenging tasks and make innovative discoveries that may influence Web3 in the future.

Accelerating Time-to-Market

Accelerating the time-to-market for novel solutions is one of the most noteworthy advantages of funding. Financial limitations can cause delays in the creation and implementation of innovative technology. Grants help entrepreneurs overcome this difficulty by giving them the tools they need to improve their goods, carry out in-depth research, and more skillfully negotiate regulatory environments.

Grants promote acceleration, which expedites the rollout of solutions addressing real-world problems.

Building a Supportive Community and Network

Grant programs give access to a network of mentors, advisers, and business professionals in addition to financial help. For developers and companies, this community-driven approach is priceless, providing advice and assistance that can increase their chances of success.

Taking part in a grant program frequently offers networking, cooperation, and knowledge-sharing possibilities. Through these conversations, companies are able to overcome obstacles more skillfully, draw in additional funding, and establish valuable alliances. Participating in a grant program may establish reputation, which can lead to opportunities and extra financing.

Driving Mainstream Adoption

In order for Web3 technologies to realize their full potential, widespread adoption is necessary. Grants are essential because they help with initiatives that tackle major obstacles to entry, such as scalability, security, and user experience. Grants facilitate the creation of solutions that improve usability and accessibility, therefore bridging the divide between early adopters and the broader public.

This kind of assistance is crucial to promoting Web3 technologies’ wider adoption and facilitating the development of safe, user-friendly apps that serve a larger user base. Thus, grants are essential for increasing the uptake of decentralized technologies and broadening their use.

Grants are a strategic instrument for fostering innovation, speeding up development, and promoting the mainstream use of Web3 technologies; they are more than just cash help.

Grants enable the Web3 ecosystem to reach its full potential by furnishing the necessary resources. This paves the path for a decentralized future in which technology enables people and enterprises to attain unparalleled achievement.

The post How Grants Propel Web3 Startups to Mainstream Success: Looking at BNB Chain appeared first on Metaverse Post.

Blockchain data infrastructure provider Covalent revealed its intention to initiate the partner ecosystem airdrop, allocating $100,000 in TAIKO tokens to CXT stakers. The tokens will be distributed automatically, requiring no action from users. Currently, users can check their eligibility for token distribution through the Covalent airdrop portal.

The ecosystem airdrop aims to reward loyal CXT token holders by providing them with incentives from a wide range of Covalent’s ecosystem partner networks.

In order to qualify for the airdrop, users must have staked CXT tokens before the snapshot date of July 30th. To guarantee a fair distribution, the airdrop amount is determined by the duration of the CXT tokens’ staking, a normalized staked amount, and rewards.

The Covalent Ecosystem Airdrop Program constitutes a part of the New Dawn initiative, which focuses on enhancing the network and decentralizing its infrastructure to ensure long-term data availability (DA). It is aimed at stimulating market dynamics and promoting greater engagement among members of the Covalent community.

The secret is out: our Partner Ecosystem Airdrop is here

First up on the list: TAIKO

Here’s the info:
Date: August 1st
Amount: $100K in TAIKO tokens
Eligibility: CXT stakers

The best part? No action needed –– tokens will magically appear in your wallet!

— Covalent (@Covalent_HQ) July 30, 2024

How Does Covalent X Token Staking Work?

Covalent functions a modular data infrastructure layer created to deal with the issues in blockchain and AI. Its primary focus areas are verifiability, decentralized AI inference, and long-term DA. Additionally, the Ethereum Wayback Machine (EWM) offers secure and decentralized access to transaction data on Ethereum.

Central to the Covalent ecosystem is the Covalent X token, essential for the decentralized long-term data availability network. It represents the native token of the network, utilized for all settlement transactions.

Staking Covalent X token involves engaging in the verification process of the Proof-of-Stake (PoS) consensus protocol, which is an alternative method for earning cryptocurrencies. By staking CXT, users contribute to validating transactions and supporting the decentralized network, and in return, they receive rewards in CXT. Consequently, staking X can be an appealing way to generate earnings and rewards.

Furthermore, CXT holders have the option to earn rewards either by delegating their tokens to a staking pool managed by others or by setting up and managing their own pool. The consensus mechanism for X utilizes the Ouroboros protocol, which involves both delegators and Stake Pool Operators (SPO).

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Zero-knowledge native blockchain protocol QED announced the release of a new opcode proposal for Dogecoin (DOGE) called OP_CHECKGROTH16VERIFY. This proposal aims to enable trustless scaling of DOGE, enhance smart contract functionality, and support decentralized applications (dApps).

According to the proposal, the QED protocol introduces an opcode for Dogecoin called OP_CHECKGROTH16VERIFY, that verifies a Groth16 zero-knowledge proof over BLS12-381. Specifically, QED suggests that this opcode will verify a Groth16 proof with two public inputs and support two operational modes controlled by the stack.

In the first mode, the opcode checks a proof with two public inputs and a verifier key, all stored on the stack. It will mark the transaction as invalid if the proof is incorrect and function like OP_NOP if the proof is valid. In the second mode, it verifies a proof with two public inputs and a verifier key, where the verifier key and the first public input are stored on the stack, and the second public input is represented by the transaction’s SIGHASH.

By incorporating this opcode, especially mode 1, it becomes feasible to verify trustless computations on Dogecoin, create recursive covenants, as well as develop smart contract functionality through SIGHASH introspection.

Apart from the proposal, QED has also developed a functional implementation forked from the Dogecoin core code base, along with a comprehensive end-to-end zero-knowledge rollup that demonstrates practical applications of the opcode for scaling DOGE.

QED Raises $6M To Enhance Performance Of Smart Contracts And Layer 2s 

QED serves as Bitcoin’s native execution layer, aimed at tackling the challenges associated with Web3 development. It is a horizontally scalable, secure, and user-friendly platform designed to serve both developers and users. QED supports a diverse array of applications, including decentralized finance (DeFi), non-fungible tokens (NFTs), and more.

Earlier this month, the project secured $6 million in a funding round led by Blockchain Capital. This new funding advances QED’s goal of leveraging its innovative technology to enhance performance for smart contracts, Layer 2 solutions, and a broad range of Web3 applications.

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In this interview, we sit down with David Garrett, co-founder of dVIN, a pioneering company at the intersection of wine and blockchain. Garrett shares insights on the problems of the industry, the innovative solutions that should be developed, and his vision for the future of luxury goods in the digital age. 

Can you share why you decided to tokenize wine?

I’ve been in the wine business, with a bit of a tech background, but mostly in the luxury, investment-grade, rare side of the wine business for about 20 years. I didn’t come to this looking to tokenize something and picking wine. I came to this trying to solve a real problem in the wine industry, one that I’ve been unable to solve for 20 years until we started looking at blockchain. I saw the solutions inside blockchain technology.

What is the problem that you were trying to solve for 20 years?

The problem is twofold. First, when you’re a winemaker and you make wine, as soon as it leaves the winery, you have no idea where it is. You sell it, it goes somewhere in the world, but you don’t have any idea where it is. You don’t have any idea who’s consuming it or when they’re consuming it. Because of that, it’s very difficult to make decisions about product development, marketing, messaging, packaging, and supply chain.

In the wine business, you can only make a certain amount of wine every year. If you send too much to one place and not enough to another, it screws you for several cycles because you can’t just make more. You have to wait until the next year.

The second problem is that in the wine business, unlike most other products, there’s a significant time gap between purchase and consumption. If you buy a great bottle of wine, you might wait eight, ten, or twelve years before opening that bottle. This separation between purchase and consumption creates even more opacity for the winemaker.

Without this data, it’s really hard for winemakers to make intelligent decisions about their wines. The industry is still working the same way it did 20 or 100 years ago. Winemakers are left working blind, which makes it very difficult for them to run better businesses.

How is DePIN transforming the supply chain?

Wine is a product where it’s very important for it to be stored and transported in proper temperature and humidity conditions. About one in 10 bottles of luxury wine ends up being bad, usually because it wasn’t stored or transported correctly.

We’re envisioning a decentralized physical infrastructure network where every bottle would have RFID or similar technology. As the bottle moves through the supply chain, it would reach RFID interrogators that would update the blockchain with the bottle’s location, temperature, and humidity data.

This system would create an incentive for the supply chain to provide better storage and transportation of wine. It would allow tracking of the bottle from “grape to glass,” all the way from the winemaker to your door. We think this could help save the industry $10 billion a year by reducing spoilage.

What are the most significant barriers to entry for luxury goods providers in the DePIN and blockchain sectors?

For luxury physical goods, I think the barriers to entry mostly revolve around getting the supply chain to understand the value. For some luxury products, the value is really about anti-counterfeit and anti-fraud measures. For others, the benefits come from inventory management or supply chain efficiency.

Another barrier is the way we talk about blockchain in the industry. I think that over time, you’re going to see more adoption as we talk less about the actual technology and more about its benefits. We need to stop trying to convince people that blockchain is important and instead focus on the benefits it can provide.

The wine industry is quite conventional and traditional. How do you encourage people to adopt blockchain?

We’ve abstracted it all out. We don’t talk to anybody about blockchain when we’re dealing with clients, customers, or winemakers. We talk about the benefits: data, loyalty programs, supply chain efficiency, the ability to see where products are being consumed, and connecting with customers at the moment of consumption. These things get winemakers excited.

Have you faced any regulatory problems while working with wineries?

There are regulations, but they’re actually encouraging the use of blockchain in some cases. For example, the EU passed a new regulation that requires every luxury product that either terminates or originates inside the EU to be connected to a digital product passport, which is basically a blockchain digital deed of ownership.

What’s interesting is that wine has been traded in both primary and secondary markets for hundreds of years. There’s been paperwork involved with the sale of wine for centuries. We’ve been working with our lawyers, and we don’t feel like there’s really any regulatory issue with creating a digital deed of ownership for a bottle of wine and then having that digital deed be tradeable.

Do you think blockchain implementation can influence wine tourism and different experiences related to vineyards?

Yes, we’re doing a bunch of that now. We’ve built a system called the Devon Protocol, which includes mechanisms for putting wine on the blockchain. When you open a bottle, you can use your phone to “burn” that asset and create a new token we call a tasting token. This token is soul-bound, meaning you can’t trade or sell it, but it comes with status and rewards from the winery.

These tasting tokens can provide access to experiences like barrel tastings, winemaker dinners, harvest experiences, or even discounts on more wine. It builds a connection between the winemaker and the wine lover, providing more access and fair access to great wine hospitality experiences.

What are the current trends in the tokenization of luxury collectibles?

I think the most important trend is moving from stovepipe projects to standardized protocols. Instead of having many separate, small-scale tokenization projects, we’re seeing a move towards unified, industry-wide protocols. This standardization allows for the development of more sophisticated financial products and services around these tokenized assets.

In the next five years, by 2030, I believe we’ll start seeing most luxury products acquire digital product passports or digital deeds of ownership. The EU has already put regulations in place to encourage this, and the benefits are remarkable. We’ll have hit the tipping point where most luxury goods, at least the scarce luxury products, will have some sort of blockchain-based digital deed of ownership or digital product passport.

The post From Grape to Blockchain: How David Garrett and dVIN are Fermenting a New Era of Transparency in the Global Wine Trade appeared first on Metaverse Post.

Social messaging application Telegram mini-game Catizen announced that it is entering the third phase of its development, according to a recent interview with TON Innovators.

The game has surpassed expectations in achieving its Phase 1 and Phase 2 goals. During these phases, the In-App Purchase (IAP)+In-App Advertising (IAA) self-sustaining business model was introduced, the game engine and SDK were launched, and the project has developed into one of the largest communities. Phase 3 will involve the establishment of a mini-game center, a token airdrop, and the transition to a decentralized Catizen Ecosystem.

Furthermore, Catizen intends to enhance its community benefits by introducing various incentives for CATI holders. This includes open task rewards, allowing CATI holders to earn tokens from other projects by completing designated tasks. Additionally, as mini-games gain community recognition, they will be included in the Catizen Launchpool. 

CATI holders will then have the opportunity to participate in the Launchpool by staking their tokens and earning additional tokens from popular games. These initiatives aim to build a strong and rewarding ecosystem for users.

Catizen’s Business Model Facilitates User Transition To Web3  

It is a play-to-earn game that integrates AI, GameFi, and metaverse components. In the game, players manage a virtual city of cat citizens and earn CATI tokens by engaging in activities such as building infrastructure, completing daily tasks, and participating in events. The game includes non-fungible token (NFT) features, with each cat citizen represented as an NFT that can be traded or sold. Players can convert in-game coins to CATI tokens during airdrops on The Open Network (TON).

Currently, the game boasts over 10 million active players and has generated more than $10 million in in-game revenue as of May.

According to Catizen, the project has transformed the traditional IAA and IAP business model from Web2 into a new model combining In-App Blockchain (IAB) and IAP. The company helps users navigate on-chain interactions, educates Web2 users on connecting wallets, and gradually transitions them to Web3, using their existing gaming habits to advance to higher game levels. Its core business model focuses on educating users and helping them become familiar with Web3.

The post Catizen Enters Third Phase Of Development, Plans To Enhance Community Benefits appeared first on Metaverse Post.

Ether has had a remarkable journey since its introduction in 2015, changing the cryptocurrency landscape and rising to the position of the second-largest digital asset by market capitalization. Ether, a blockchain startup founded by visionary engineers led by Vitalik Buterin, pioneered the blockchain industry’s adoption of smart contracts and decentralized apps. 

This development distinguished Ether from Bitcoin and other cryptocurrencies, turning it into a network for creating decentralized apps and giving rise to a whole network of blockchain-based businesses.

This in-depth article will look at the major occasions, technological innovations, and market dynamics that have influenced Ether’s price over time. It will give us a better understanding of the variables influencing its price fluctuations and possible future course.

Photo: CoinGecko

The Early Days: 2013-2016

Conception and Launch

The inception of Ether dates back to late 2013 when Vitalik Buterin put out the idea of a blockchain platform capable of facilitating decentralized apps and smart contracts. The cryptocurrency community embraced this innovative concept right once, and in August 2014, a successful crowdfunding effort was launched.

With Ether’s official launch on July 30, 2015, a new chapter in blockchain history began. Ether (ETH), the native coin of Ether, was only worth $0.42 at inception. This first valuation reflected the project’s early stage and the limited awareness of its potential.

First Year of Trading

For the most part of its first year of existence, ETH started at about $0.75 and traded below $1. The project was still in its early stages, so this was a time of low awareness and limited adoption. However, the roots of future development were being sown as developers and early adopters began to explore the platform’s potential.

2016: Growing Popularity and the DAO Hack

In 2016, Ether started to acquire substantial traction. From less than $1 at the start of the year to more than $20 by the middle of the year, the price of ETH started to grow. The growing interest in the platform’s potential and the introduction of the first sizable Ether-based Decentralized Autonomous Organization (DAO) were the main drivers of this upsurge.

Yet, the bliss did not last long. A major setback happened in June 2016 when the DAO was breached, allowing about $50 million worth of Ether to be stolen. This incident shocked the Ether community and the larger cryptocurrency market, which resulted in a precipitous drop in the price of ETH.

The DAO attack sparked a divisive hard fork in the Ether network that gave rise to Ether Classic (ETC) and brought to light the difficulties associated with security and governance in decentralized systems. Ether proved resilient and maintained faith in the project’s potential by ending the year with a price hovering around $8 despite this setback.

Photo: CoinGecko

The Bull Run of 2017: Ether Goes Mainstream

The year 2017 was historic for Ether and the cryptocurrency sector as a whole. Ether’s value skyrocketed as digital currencies attracted a lot of attention.

First Half of 2017

ETH started the year trading at roughly $8 but swiftly gained momentum. The cost had quickly increased to about $400 by June. This phenomenal expansion was driven by multiple factors:

Rising adoption of the Ether platform across various sectors;

The surge in Initial Coin Offerings (ICOs) leveraging Ether’s infrastructure;

Broad-based bullish trend in the cryptocurrency market.

Second Half of 2017

The latter half of 2017 saw even more remarkable progress. Ether, along with the broader cryptocurrency market, entered a period of euphoria. By the end of the year, ETH had surged to an all-time high of around $1,400, representing a staggering increase of over 17,000% from the beginning of the year.

This period of exuberance attracted significant media attention and drew in a wave of new investors, further fueling price speculation. The dramatic rise of Ether during this time solidified its position as a major player in the cryptocurrency space and demonstrated the growing interest in blockchain technology and decentralized applications.

Photo: CoinGecko

The Crypto Winter: 2018-2019

The euphoria of 2017 gave way to a sobering reality check in 2018, ushering in a period known as the “crypto winter.”

2018: The Great Decline

Following its January peak, the price of ETH steadily declined throughout 2018, reaching a low of about $85 in December. This represented a staggering drop of over 90% from its all-time high.

Several factors contributed to this dramatic fall:

Regulatory concerns in various countries;

The bursting of the ICO bubble;

A general loss of confidence in the cryptocurrency market;

Many projects have raised funds through Ether-based ICOs selling their ETH holdings.

2019: Modest Recovery and Consolidation

2019 saw a modest improvement in Ether’s fortunes, with the price ranging between $100 and $300. While this represented an increase from the 2018 lows, it was still far below the heights of the previous bull run.

This period was characterized by development and consolidation within the Ether community. The focus shifted towards enhancing the platform’s scalability and preparing for the transition to Ether 2.0, a major upgrade aimed at improving the network’s efficiency and capacity.

Photo: CoinGecko

The DeFi Boom and COVID-19 Impact: 2020

2020 presented both new opportunities and challenges for Ether:

COVID-19 Market Crash

The outbreak of the COVID-19 pandemic initially sent cryptocurrency values plummeting, with Ether briefly falling below $100 in March. However, this downturn proved to be short-lived.

Recovery and DeFi Boom

As central banks worldwide implemented monetary easing policies in response to the economic crisis, interest in cryptocurrencies as a hedge against inflation grew. Additionally, the Ether-based Decentralized Finance ecosystem began to take off, driving demand for ETH.

These factors led to a significant recovery, with ETH closing the year above $700. The DeFi boom particularly benefited Ether, as it increased demand for ETH to be used in various DeFi protocols. This period also saw growing interest from institutional investors, further supporting the price.

Photo: CoinGecko

The All-Time High and Volatility: 2021

New All-Time High

Fueled by the ongoing DeFi boom, increasing institutional adoption, and the growing popularity of Non-Fungible Tokens (NFTs) – many of which were minted on the Ether blockchain – ETH reached a new all-time high of over $4,800 in November 2021.

Market Volatility

The second half of 2021 was marked by increased volatility. Factors contributing to price fluctuations included:

Regulatory crackdowns in China;

Normal market cycles;

Concerns about the environmental impact of proof-of-work mining.

Despite these challenges, Ether retained much of its value, closing the year at approximately $3,700.

Photo: CoinGecko

The Merge and Market Challenges: 2022-2023

2022: A Challenging Year

The cryptocurrency market, including Ether, faced severe challenges in 2022. Rising interest rates, inflation concerns, and the collapse of major crypto projects led to a broad market downturn. Ether’s price fell significantly, dropping below $1,000 at points during the year.

The Merge

A major technological milestone was achieved in September 2022 with “The Merge,” Ether’s transition from a proof-of-work to a proof-of-stake consensus mechanism. This upgrade was seen as a critical step for Ether’s future, reducing its energy consumption by over 99%. However, it did not immediately impact the price as many had hoped.

2023: Signs of Recovery

The crypto market began to show signs of recovery in 2023, with Ether’s price gradually climbing. Factors contributing to renewed optimism included:

Anticipation of potential Ether ETFs;

Continued development of layer-2 scaling solutions;

Growing adoption of Ether in various sectors.

By the end of 2023, Ether had regained some ground, trading above $2,000.

Photo: CoinGecko

2024 with Ether Spot ETFs and Beyond

Early 2024 Developments

The approval of Bitcoin spot ETFs in January 2024 set the stage for increased institutional involvement in the cryptocurrency market. This development, coupled with the anticipation of similar Ether ETFs, contributed to positive price momentum for ETH in early 2024.

Ether Spot ETFs

A major milestone was reached in late May 2024 with the SEC’s approval of Ether spot ETFs. This decision paved the way for ETH to be traded on major stock exchanges, potentially opening the door to a new wave of institutional and retail investors.

Photo: CoinGecko

Factors Influencing Ether Prices

Throughout its history, Ether’s price has been influenced by several key factors. The increasing adoption of Ether for transactions and its integration into various industries have significantly driven demand and, consequently, contributed to price increases. 

Investor sentiment and demand play crucial roles as well. Fluctuations in investor confidence and overall market sentiment can lead to notable price movements for Ether. Positive news, endorsements, and market trends often generate enthusiasm among investors, driving prices up, while negative sentiment or market corrections can have the opposite effect.

Ether also faces competition from numerous other digital assets and blockchain platforms. Innovations and advancements by rival cryptocurrencies can impact Ether’s market share and influence its price, as investors may shift their focus to perceived superior alternatives.

Technological developments and upgrades, such as the transition to Ether 2.0 and the implementation of EIP-1559, have had profound effects on Ether’s price and market dynamics. 

The regulatory environment is another significant factor. The evolving regulatory landscape for cryptocurrencies across different countries plays a crucial role in shaping Ether’s market trends. Regulatory developments can influence investor behavior, with changes in laws and regulations potentially impacting Ether’s accessibility, legality, and overall market performance.

Macroeconomic factors, including global economic conditions, inflation rates, and monetary policies, also affect Ether’s perceived value. 

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Non-profit organization dedicated to advancing the development, decentralization, and security of the Metaplex protocol, Metaplex Foundation unveiled the deployment of its product suite on Sonic Solana Virtual Machine (SVM), the initial gaming Layer 2 network on Solana. This move will allow game developers to take advantage of the latest innovations that have established Metaplex as a leading digital asset protocol on Solana.

“Together with Sonic, we’re taking a significant step forward in delivering more performant and secure infrastructure for digital asset creators and developers,” said Stephen Hess, Metaplex Foundation Director, in a written statement. “Metaplex developers can now build powerful applications that are fully compatible with Solana while benefiting from the advantages of the dedicated Sonic SVM L2,” he added.

Metaplex offers a platform for creators, developers, and businesses to build decentralized applications on Solana and the SVM. It is a widely utilized blockchain protocol and builder platform, with more than 550 million assets minted and utilized throughout 55 million wallets.

In partnership with Sonic SVM, Metaplex will deploy on-chain programs and developer tools to create gaming experiences on the SVM blockchain. This initiative represents the first instance of Metaplex expanding its products beyond the Solana mainnet.

Furthermore, this collaboration will bring popular Metaplex programs, encompassing Token Metadata, Candy Machine, and Bubblegum, as well as new standards like Core and MPL-404, to the Sonic SVM DevNet, testnet, and mainnet.

Additionally, Metaplex‘s involvement in the Sonic SVM testnet will contribute to the expansion of Sonic’s ecosystem and enhance the developer experience for those aiming to launch decentralized applications (dApps) on new SVMs. This collaboration will establish a strong foundation for the deployment of the Sonic SVM mainnet, ushering in a new era for scalable Web3 gaming.

“With this integration, retail users will be able to trade NFTs at cheaper gas fees. Additionally, it will implement ease of use of the interface from various wallets, as the MLP standard is the most widely adopted across the Solana ecosystem,” said Chris Zhu, CEO of Sonic SVM, to MPost. “Meanwhile, the deployment will offer familiarity for Solana builders who have been working with the MLP standard within their projects, as well as provide composability with smart contracts that have already been built to support MLP standard tokens,” he added.

Sonic Partners With Zeebit, Launching Microgaming Platform On Solana 

Sonic is built on HyperGrid, a parallel processing framework that offers customizability and scalability while maintaining native composability with Solana. It is the first atomic SVM blockchain designed to support sovereign game economies on Solana.

Recently, it has partnered with the decentralized non-custodial protocol Zeebit to release its completely decentralized risk-on microgaming platform on Solana, utilizing the gaming capabilities of the Sonic network.

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The global upheaval in businesses and society brought about by artificial intelligence has left governments and regulatory agencies struggling to manage its advancement and use. Here, we’ll overview the present situation of AI legislation across various states and regions.

Photo: AuthorityHacker

European Union

With the passage of its historic AI Act, the European Union has established itself as a leader in the field of comprehensive AI legislation. The Act, which was approved in March 2024, divides AI supervision into four risk categories: unacceptable, high, limited, and minimal or no risk.

Photo: mind foundry

AI systems that the Act deems to provide intolerable hazards are prohibited, including those that use subliminal manipulation tactics. Strict guidelines pertaining to testing, documentation, and human monitoring are applicable to high-risk applications. Additionally, the law requires chatbots and other low-risk AI systems to be transparent.

The AI Act will be implemented gradually, with its most important clauses taking effect in late 2024 or early 2026. A breach of these regulations may result in fines of up to €35 million, or 7% of worldwide revenue, demonstrating the EU’s determination to pursue strict enforcement.

United States

In terms of AI governance, the US has favored a more decentralized strategy. Executive orders and recommendations offer general direction at the federal level, but individual states and sector-specific agencies have been mainly left in charge of enacting specific regulations.

The “Safe, Secure, and Trustworthy AI” executive order signed by President Biden in October 2023 establishes new guidelines for AI system reporting and testing. Hundreds of AI-related laws have been introduced at the state level, many of which concentrate on particular uses like deepfakes or driverless cars.

Leading the way in state-level AI legislation are California, New York, and Florida, which are tackling everything from algorithmic discrimination to generative AI. Additionally, federal organizations that oversee AI usage, like as the Securities and Exchange Commission, are enacting laws in their respective states.

China

China published its “New Generation Artificial Intelligence Development Plan” in 2017, indicating that it was a pioneer in developing a national AI plan. This all-encompassing plan outlined China’s strategy for AI development through 2030, placing equal emphasis on the evolution of technology and its influence on society.

Since then, China has put in place rules that are specifically designed to address certain applications of AI, such as generative AI services and algorithm management. The government has worked to strike a balance between innovation and control, letting businesses and research facilities push the envelope while enforcing stringent regulations on AI services that are accessible to the general public.

United Kingdom

The UK has chosen a “pro-innovation” strategy for regulating AI, forgoing broad legislation in favor of industry-specific supervision. Published in March 2023, the government’s framework assigns responsibility for AI regulation in each domain to specific regulatory organizations, with help from “central AI regulatory functions.”

Photo: mind foundry

This strategy seeks to strike a balance between the demands of investment, innovation, and efficient governance. Through organizing and hosting the AI Safety Summit in November 2023, the UK has also assumed a major position in global talks on AI governance.

Canada

The AI and Data Act (AIDA) is being worked on by Canada in an effort to protect its citizens from high-risk AI and to encourage ethical AI usage. AIDA places a strong emphasis on human rights, and safety, and limits heedless AI usage.

Furthermore, Canada has put into effect a Directive on Automated Decision-Making that establishes guidelines for the use of automated decision-making systems by the federal government. The nation’s strategy aims to solve particular domestic issues while conforming to international standards.

Japan

Japan advocates for “agile governance” in its regulatory framework surrounding AI. In this framework, voluntary efforts at self-regulation by the private sector are respected while the government offers non-binding guidelines.

Although it has published AI principles and guidelines, the Japanese government has not yet put tight, legally-binding laws into place. This adaptable strategy seeks to address ethical and safety issues while promoting innovation.

India

India is currently creating a legal framework for AI. The government has formed a task group to develop an AI regulatory body and offer suggestions on moral, legal, and sociological problems pertaining to AI.

Although legislation specifically pertaining to AI is still being developed, India’s current data protection and technology regulations offer some supervision over AI applications. The strategy would probably take into account the nation’s particular socioeconomic concerns as well as its goals of becoming a worldwide center for technology.

Australia

Australia has approached AI legislation cautiously, concentrating on integrating AI technology into the frameworks that are already in place. Although the government has emphasized the significance of responsible AI research, a complete law specifically pertaining to AI has not yet been put into place.

Critics caution that Australia may fall “behind the pack” in terms of AI governance as a result of this strategy. The government counters that it makes it possible to respond to quickly changing technology in a more adaptable manner.

Brazil

Brazil is working on a comprehensive AI Bill that will ban some high-risk AI systems, create a special regulatory agency, and hold AI developers and implementers accountable through civil lawsuits.

The regulation under consideration would mandate the expeditious disclosure of noteworthy security breaches and ensure that people have the entitlement to comprehend AI-generated conclusions and rectify any prejudices. This strategy is a reflection of Brazil’s attempts to establish itself as a pioneer in Latin American AI governance.

South Africa

With the Department of Communications and Digital Technology submitting a discussion document on AI in April 2024, South Africa is moving forward with developing AI rules. In South Africa, artificial intelligence is currently regulated by laws such as the Protection of Personal Information Act (POPIA).

The South African Centre for Artificial Intelligence Research (CAIR) was established by the nation as another sign of its dedication to expanding AI capabilities and creating suitable governance frameworks.

Switzerland

Switzerland has decided not to create a separate AI law, instead to modify current legislation in certain ways to make room for AI. This strategy involves amending local competition, product liability, and general civil laws to fit AI system demands, as well as incorporating AI transparency regulations into already-existing data protection laws.

The Swiss approach places a strong emphasis on adaptation and flexibility, which is consistent with the nation’s innovative reputation and sizeable AI research community.

Global Trends and Challenges

In global AI governance, several similar elements are developing despite the diversity of methods. Numerous regions are implementing risk-based frameworks, placing a strong emphasis on openness, and debating moral issues. The prevalence of industry-specific regulations is rising as more companies realize the potential advantages and hazards of artificial intelligence.

Photo: mind foundry

There are still issues with juggling innovation with security, staying up to date with quickly advancing technologies, and harmonizing laws across national boundaries. The enforcement of regulatory compliance and the resolution of bias and fairness problems in AI systems continue to be global regulatory priorities.

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Decentralized exchange (DEX) GMX announced the listing of two popular revenue-earning assets on Arbitrum, including wrapped staked ETH from Lido (wstETH) and the synthetic dollar USDe from Ethena Labs. Both assets will support an ETH-USD perpetual futures market on GMX V2.

Lido’s wstETH represents a wrapped, liquid version of stETH (staked ETH) designed for optimal use in decentralized finance (DeFi). It keeps a fixed balance of stETH for users and employs an underlying share system to represent staking rewards. USDe, issued by Ethena Labs, is a synthetic dollar intended to offer a stable and scalable digital currency that mirrors the value of the United States dollar. It is minted utilizing BTC, ETH, ETH LSTs, and USDT as collateral, which is hedged on centralized exchanges while earning rewards from positive funding rates.

The new market will offer DeFi users various opportunities, including swapping, margin trading, hedging, earning Ethena points, and receiving fees for providing liquidity.

Furthermore, this market for trading Ethereum perpetuals will utilize wrapped staked ETH from Lido and USDe from Ethena as supporting assets for both long and short positions. Traders will be able to take long or short positions on ETH-USD, using either wstETH or USDe as collateral. Additionally, liquidity providers will have the option to utilize these two fee-earning collaterals on GMX. Funding farmers will also have the opportunity to benefit from high-yield delta-neutral positions.

GMX Integrates Chainlink Data Stream Price Oracles To Its V2.1

It is a decentralized spot and perpetual exchange operating on Arbitrum. It uses a liquidity-sharing mechanism known as GLP to facilitate trades. Meanwhile, GMX serves as both the utility and governance token for the protocol. Individuals who stake GMX tokens have an option to earn various rewards in addition to the ETH distributed to stakers.

The new market has been enabled by the recent rollout of GMX V2.1, which integrates pull-based price oracles from Chainlink Data Streams for wstETH and USDe. These low-latency Data Streams offer GMX users sub-second pricing updates and rapid on-chain transaction execution, reducing reliance on RPC servers. This enhancement improves user experience, protocol security, and decentralization.

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Blockchain ecosystem Cronos announced a partnership with global neobank Revolut to offer users of both platforms cryptocurrency education through the new Cronos Learn course, now available on the Revolut application. This initiative aims to make cryptocurrency knowledge more accessible to a wider audience.

Revolut is one of the largest fintech companies in the European Union, serving over 35 million retail customers across more than 50 countries.

This new initiative aims to streamline and secure the management of users’ cryptocurrency portfolios, offering an engaging way to explore Cronos, various cryptocurrencies, and Web3 technologies.

The course provides users with a deeper understanding of how Cronos operates, featuring quizzes to test and reinforce their knowledge. It includes three chapters that cover the basics of Cronos, encompassing its technology, ecosystem, and origins. Additionally, the course offers insights into decentralized finance (DeFi) and its value proposition, as well as an introduction to Web3 Gaming, providing an overview of non-fungible tokens (NFTs) and explains the unique aspects of blockchain games.

In order to begin the course, users are advised to download or update the Revolut application to ensure they have the latest version. Next, they should go to the “Crypto” section, select “Discover,” and scroll to locate the “Learn” section. From there, users can choose the Cronos course and complete a quiz to reinforce their understanding or test their knowledge.

Cronos: What Is It?

It represents a blockchain ecosystem that has collaborated with Crypto.com and over 500 application builders and contributors, reaching a global user base of over 100 million people. Its goal is to facilitate the adoption of self-custody in Web3, with a particular emphasis on DeFi and gaming.

The Cronos ecosystem includes three blockchains, including Cronos EVM, an Ethereum-compatible blockchain built on the Cosmos SDK, Cronos POS, a prominent Cosmos chain designed for payments and NFTs, and Cronos IBC, which facilitates interoperability between different blockchain networks.

Recently, Cronos introduced a new Layer 2 network, Cronos zkEVM, in collaboration with Matter Labs. Currently available on testnet, this network is built using Matter Labs’ software tools and is designed to support the development of new Layer 2 and Layer 3 hyperchains on Ethereum.

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The non-custodial liquidity staking protocol Ether.fi (ETHFI) unveiled the initiation of the Perks Passport event, which enables users to take part in different activities and earn up to a 5x boost on Season 3 points. The activities will begin unlocking later this week, with the boosts being applied retroactively from the start of Season 3.

Perks Passport represents a system created to enhance Ether.fi loyalty points based on user engagement in decentralized finance (DeFi) activities and events. It tracks users’ progress and achievements to determine the boost awarded.

Each activity in the Perks Passport system has an associated boost, and individuals have the option to hover over any activity and see how they can earn that boost. Participants from Seasons 1 and 2 already hold their boosts, and those taking part in Season 3 will receive theirs as well. Additionally, individuals will earn an extra 0.5x boost for every 5 Passport Activities completed, up to a maximum of 5x.

Furthermore, points for boosting with each stamp on the Season 3 Perks Passport can be earned, and users are encouraged to follow the announcements from DeFi partners. The Perks Passport can be accessed via the Portfolio page.

Ether.fi Launches Season 3 With 25M ETHFI For Stakers 

Season 3 began on July 1st and is prolonged up to the end on September 14th, with 25 million tokens allocated for this season. The Season 3 initiative is crafted to reward committed community members and encourage ongoing involvement with the protocol and its DeFi ecosystem. It began on July 1st and will end on September 14th, with 25 million ETHFI tokens reserved for this season intended for eligible Ether.fi stakers, determined by metrics of community participation and engagement.

Ether.fi represents a protocol that enables individuals to stake ETH and get eETH, a liquid staking token specific to the platform, supporting DeFi activities. Earlier this year, Ether.fi raised $27 million in funding from venture firms Bullish and CoinFund. As per DeFiLlama data, it stands as the largest Ethereum liquid restaking platform, with nearly $3 billion in total value locked (TVL).

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Artificial intelligence research organization OpenAI unveiled the rollout of its advanced Voice Mode to a specific group of ChatGPT Plus users. This new feature intends to facilitate natural, real-time conversations, enabling individuals to interrupt as needed and allowing the system to define their emotions and respond to them.

Individuals chosen for this version will get an email with instructions as well as a notification in their mobile application. The firm intends to gradually include more users and aims to make the feature accessible to all ChatGPT Plus subscribers by fall. Additionally, video and screen sharing functionalities will be introduced at a later time.

OpenAI emphasized that since the initial release of the enhanced Voice Mode, it has focused on improving the safety and quality of voice conversations in preparation for expanding access to a broader user base. The voice capabilities of GPT-4o have been tested by over one hundred external evaluators in forty-five languages.

To ensure user privacy, the company has configured the model to converse exclusively with four preset voices and has implemented systems to prevent deviations from these voices. Additionally, guardrails have been put in place to deny requests for violent or copyrighted content. It intends to issue a comprehensive report on GPT-4o’s capabilities, limitations, and safety assessments in August.

We’re starting to roll out advanced Voice Mode to a small group of ChatGPT Plus users. Advanced Voice Mode offers more natural, real-time conversations, allows you to interrupt anytime, and senses and responds to your emotions. pic.twitter.com/64O94EhhXK

— OpenAI (@OpenAI) July 30, 2024

OpenAI Tests SearchGPT To Offer Users Quick Answers With Clear Sources 

It is committed to advancing research and development in artificial general intelligence (AGI) and generative models and is widely recognized for its chatbot.

Recently, the company announced that it is testing SearchGPT, a temporary prototype designed to offer users quick and relevant answers with clear sources. This feature was introduced to a small group of users for feedback, with plans to eventually integrate it into ChatGPT.

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Open-source protocol Doubler announced the completion of its V2 upgrade, which will initially launch on the multimodular ecosystem of two blockchains, Manta network, at 2:30 AM UTC on August 1st. Alongside this release, a 20-day Manta Liquidity Airdrop event will begin. Participants in the event will be rewarded through the Four Layers Yield system, which includes airdrops of 200,000 DBR tokens and 100,000 10x tokens.

The primary enhancements to Doubler Lite V2 involve several changes, encompassing the removal of the 10x inflation-deflation feature, the discontinuation of the E token, adjustments to the mint algorithm for the 10x tokens, and modifications to the algorithm for Dynamic Redemption. Furthermore, a new feature for pool expiration has been introduced.

The Manta Liquidity airdrop event includes participating pools like Manta and ETH. The event will commence at 2:30 AM UTC on August 1st and will continue until 2:30 AM UTC on August 21st. Additionally, the C snapshot will be taken at 2:30 AM UTC on August 21st. This event aims to enhance liquidity and provide rewards for participants through these pools.

In order to participate in the event, users will need to hold C tokens in their wallets to qualify for the rewards. According to the DBR airdrop distribution plan, 50% of the rewards will be released at the token generation event (TGE), with the remaining 50% distributed over the following three months.  Users have the option to acquire Manta or ETH through the input page to mint C and 10x tokens. Additionally, these tokens can also be purchased from the secondary market.

Doubler Lite has completed the v2 upgrade. The v2 version will have its initial launch on @MantaNetwork at 2:30 AM (UTC) on August 1, kicking off a 20-day Manta liquidity airdrop extravaganza.

Exciting Four Layers Yield rewards await, including a whopping 200,000 DBR tokens…

— Doubler (@doubler_pro) July 31, 2024

Doubler Lite On Arbitrum One 

Doubler Lite represents a protocol designed to separate asset yield rights. It captures external returns using a generalized martingale strategy and allocates its profits and losses in accordance with the tokenization of these yield rights. The purpose is to offer new solutions for risk hedging and return optimization for assets, as well as to provide secondary traders other trading assets based on yield rights. 

Doubler Lite is a streamlined version of Doubler, created to simplify user operations while increasing the product’s flexibility and strategic options.

Recently, Doubler announced the launch of Doubler Lite on the Arbitrum One network, enhancing accessibility and performance for its users.

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