The King of NTFs, and one of the @DAO Labs #SocialMining community favorites, the @WAX network has a new kid on the blockchain – Pantheon TC, the first high stakes digital card trading game. In this article, we will explore #web3gaming , and its advantages over web2gaming, such as the chance to earn an #NFT​ or a token like $WAXP .
I have always loved games, especially the Adventure type ones with solid story-telling, such as the unforgettable Sanitarium, or the Icewind Dale series, as Fantasy and SciFi will always be my true loves. My students and I took our frustrations with each other over a few hours of Diablo 2, or Medal of Honor, where they killed me too many times to count. The reasons why people of so many ages and cultures play are as diverse as the people who play them, but we all play. That is why it is no wonder to me that the natural progression of the web 3 is towards digital gaming – there is just too much synergy and so many benefits for both the gamer and developer.

One basic aspect of gaming is collection. I have played so many games over the years where a beautiful item or a cute character would become a reason in itself to keep playing. We human beings are by our very nature collectors and hoarders, and we tend to want to hang on to things, despite their utility or lack thereof of certain items. Just look at people who have a hard time throwing out jam jars or plastic bags! We see something in a movie, and want to own it, and voila, the whole merch industry! In games, this natural human tendency translates to wanting to keep certain game pieces, and web 3 allows you to that through NFTs.
NFTs (non-fungible tokens) are items like art, collectibles or whatever is or can be created in the game that you can own, each with its unique blockchain identifier. That means, unlike a cryptocurrency, it becomes a unique item, that you can trade, sell or keep for yourself. In a game, that sword that you could take to your grave with can truly become yours, or that creature that you raised from an egg will forever be there! This opens up so many avenues of growth, and so many ways of interacting between games and ecosystems, that just thinking about the potential is mind-boggling!
So, before we look at one of my favorite web 3 games, I would like to set out exactly what advantages gamers find in Web 3 games as opposed to Web 2:
1. True Ownership: In traditional gaming (Web 2), game developers own everything game-related. Players can use them within the game but don't have any ownership rights. In contrast, NFTs allow players to have true ownership of their digital assets. These assets are stored on the blockchain, meaning players can trade, sell, or transfer them independently of the game developers.
2. For platforms that are on the same blockchain or on compatible ones, your NFT can be transferred from one game to another. This could give you access to your favorite suit of armor, spell or warmount, for example!

3. Scarcity and Provenance: The scarcity of any in-game piece and a transparent history of ownership (provenance) add value to rare in-game items, as players can verify their uniqueness and previous ownership.
4. Monetization: Scarcity and provenance in turn mean that a player can earn real-world money by selling or trading their NFTs. This Play-to-Earn (P2E) model lets players earn income through gameplay, as you can see in games like Axie Infinity.
Currently, my favorite web 3 game is Pantheon, which is the first time a real-life play-for-keeps card trading game has been recreated in a digital sphere, using WAX-based blockchain technology!
The main idea of Pantheon is to play a game of cards where you can win to capture other players’ cards (NFTs).

The cards in this high-stakes game have been designed to be collectible, so if you do not want to play, you can hold on to your cards as a future investment.

There are many more games out there, for a sampling just take a look at the @Ton Network on Telegram for a mindboggling variety, but for old school me, this one checks all the boxes. However, no matter if you play Novo Pangea, #HamsterKombat or Pantheon, make sure to not miss out on this major development on the blockchain!
We the DAOLabs community believe in supporting our projects on their way to greatness through Social Mining. This DAOLabs innovation is an alternative that allows you to take part in this great paradigm shift, and earn through your own hard work and efforts towards building a community behind a project you believe in, just like the Play2Earn model.

Disclaimer: All the information provided in this article is for informative and educational purposes, and not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!

While the discussion on the future of $BTC and whether $TON will live up to hype, there is another hero in sight! Born from a vision of decentralized free currency, the blockchain landscape is evolving at near warp speed, and is now enticing those traditionally in opposition, such as banks, to its side. As a @DAO Labs #SocialMining community member, I am as enthusiastic about the new vistas opening up as anyone else. One of the most exciting developments is the potential of #realworldassets (#RWAs ) to be tokenized – meaning converting ownership rights in physical assets, like real estate, commodities, or even fine art, into digital tokens on a blockchain. These tokens represent a fraction of the asset, allowing it to be bought, sold, or traded more easily and efficiently, similar to how stocks represent ownership in a company.
Why Tokenize a Real World Asset?
1. Basically, you create a digital token of a real world asset on a blockchain, and each token stands for a partial or full asset ownership.
2. In this way, you can turn one high-value but illiquid or low-liquid item into a more liquid asset because it becomes tradable. Investors can then buy or sell such items.
3. Because tokens allow partial ownership, multiple investors can own asset portions. As you will see later, a real-world asset that is valued at 5,000 dollars can be divided into 5000 tokens. Each token in this calculation would represent a 0.1 % ownership.
4. The great benefit of blockchain is its security and transparency, so tokenization provides clear and secure record of ownership transfers. You can also use smart contracts to automate processes such as distribution of earnings.  
5. Tokenization also allows a global outreach for a local asset such as a plot of land.
6. DeFi solutions also mean reduced costs on transactions.
What Real World Assets Can Be Tokenized?
1.Real estate can be tokenized to allow multiple investors to own shares of a building. Their rental income would be based on the proportion of their tokens.
2.Commodities such as gold, oil, and many others can be tokenized.  Tokenization would make  trading and ownership transfer easier, more secure and transparent.
3. High-value artworks and collectibles can be divided into tokens. This would let multiple investors to own a piece of a valuable item.
4. Traditional financial instruments like stocks and bonds can be tokenized, for better liquidity. This would also make them accessible to a wider range of investors. There are already examples of this by companies such as JP Morgan and Hamilton Lane.
What Are Some Potential Stumbling Blocks to Tokenization?
1. Regulations and How They Apply Locally or Globally: The legal framework for tokenized assets is still evolving, and varies widely across different jurisdictions. This is especially true for cases involving multiple owners, such as in land ownership or ownership of livestock.
2. Market Adoption: Widespread adoption requires a sustainable, well-planned and well-executed infrastructure, including exchanges and custodial services. You also face issues like overcoming skepticism from traditional investors.
3. Technology Risks: Blockchain technology itself is still in rapid development, and issues like scalability, security, and interoperability still need to be addressed.
Can We Look At Some Case Studies?
Let us say, I have a Marvel collectible, and it is valued at 5000 Dollars. How can I tokenize this real world asset? Let us take it one step at a time.
Step 1. You need to certify that you legally own the Marvel collectible and there should be no legal restrictions preventing you from tokenizing it. At this stage, you should consult with legal experts to understand the regulatory requirements for tokenizing collectibles in your city/state and country. This might involve registering the asset or meeting specific legal standards.
Step 2. You need to choose a blockchain platform that supports asset tokenization. Popular platforms include Ethereum, Binance Smart Chain, or specialized tokenization platforms like @Polygon . You will then use or develop a smart contract to issue, transfer, and govern your tokens. Platforms usually have templates for creating such contracts.
Step 3. It is now time for you to decide how many tokens you want to issue and what each token represents. For instance, you could create 5,000 tokens, with each token representing 1/5,000th ownership of the collectible. You then mint the tokens using your choice of blockchain platform. This is the process of creating digital tokens that represent the fractional ownership of your Marvel collectible.
Step 4. You now set an initial price for each token. For our collectible valued at $5,000, we can create 5,000 tokens and each token could be priced at $1. Investors then can buy as many or as few tokens as they want, giving them a fractional ownership stake in the collectible.
Step 5. BE CAREFUL NOW! Safely store the physical Marvel collectible. You might want to use a professional custodian or vault service for the collectible’s security and trust among token holders. You may also want to provide documentation or proof of custody to token holders, for the sake of transparency. This could include certificates or regular audits.
Step 6. Now, you list your tokens on a blockchain-based marketplace or decentralized exchange (DEX) where potential buyers can purchase them. Some platforms specialize in collectible or NFT marketplaces. You can conduct an Initial Token Offering (ITO) and interested buyers can purchase the tokens directly from you. One problem with that is that, due to coin scams, ITOs have developed somewhat of a shady name so you need to be very careful to address any such worries ahead of time. You could also sell the tokens via auctions or direct sales.
Step 7. As tokens are bought and sold, the blockchain will automatically record and verify ownership transfers. This is good for transparency and security. You continue to manage the physical asset, so that it remains in good condition, as this directly affects the value of the tokens.
Step 8. You could offer token holders the option to sell their tokens back to you at a future date, or the entire collectible could be sold, with the profit distributed among token holders. Then there is a Secondary Market option, as tokens can be traded on these markets, allowing other collectors or investors to buy and sell their stakes.

So, here is an example scenario: Let’s say we tokenize our $5,000 Marvel collectible into 5,000 tokens. An investor buys 1,000 tokens for $1,000, giving them a 20% ownership stake. If the collectible’s value increases to $10,000, the value of these tokens could theoretically double, and they could sell their tokens at a higher price on a secondary market.
But what are the potential challenges in this scenario?
1. Will the market accept our tokens?
2. Can we protect the physical and the digital assets against damage or theft, for example?
3.  Are we safe on the legal front? Are there any potential regulatory restrictions?  

Now, let us take this a step further and imagine we have a plot of land in Herceg Novi in Montenegro. How can we tokenize this plot of land?
Tokenizing a plot of land is more complicated than the previous example, because of additional considerations. Here is how it might look:
Step 1. Prove that we have clear and undisputed legal ownership of the land. It is also necessary to consult with local legal experts - in this specific case, in Montenegro to understand the regulatory framework for real estate tokenization. Different jurisdictions have different laws for the sale of fractional ownership in real estate so we do not want to get hung on a legal oversight. For example, in the specific case of Montenegro, each city has its own zoning and urbanization regulations, acting as states rather then cities in their sovereignty over property decisions.
We also need to make sure that the land is properly registered with local authorities. We may need to register the tokenization process itself with relevant local or national regulatory bodies. Again taking the case of Montenegro, blockchain and cryptocurrencies are very new, and the proper legal basis is still in formation. A good legal and financial representative or local brokerage house might be needed, for consultation if nothing else.
Step 2. As with any other land purchase, we should obtain a professional appraisal of the plot to determine its current market value. In our case, this valuation will form the basis for the token price. The we need to decide how much of the property we want to tokenize. For instance, if the land is valued at €100,000, you could tokenize the entire value or just a portion.
Step 3. Now, we choose a blockchain platform that supports real estate tokenization. We then create or use a pre-existing smart contract template designed for real estate tokenization. This smart contract will handle the issuance, distribution, and governance of the tokens.
Step 4. At this stage, we decide on the number of tokens to issue and what each token represents. For example, if the land is worth €100,000 and we create 100,000 tokens, each token could represent 0.001% ownership for €1 per token. We then mint the tokens that represent fractional ownership of the land and make sure the smart contract is properly coded to enforce ownership rights, distributions (like rental income), and other necessary terms.
Step 5. This step involves proper management and upkeep of the land. If the land generates income (such as through leasing or agriculture), this income can be distributed to token holders based on their ownership share. We need to provide legal documentation proving that the token holders have a stake in the land. This may include digital certificates tied to the tokens.
Step 6. We can conduct an Initial Token Offering where investors can purchase tokens. This could be done through a real estate tokenization platform, a blockchain-based marketplace, or via direct sales. After the initial sale, the tokens can be listed on decentralized exchanges (DEXs) or real estate-focused marketplaces where they can be traded.
Step 7. As with the collectible example, tokens can be freely traded on secondary markets, allowing other investors to buy and sell their stakes. If the land generates income, such as rental income, this can be distributed to token holders automatically through the smart contract. Mind you, periodic re-evaluation of the land's value might be necessary, especially if it influences the token's market price.
Step 8. This is our exit strategy, where we could offer a buyback option where we or a designated entity repurchases the tokens at a predetermined price or at market value. If we sell this entire plot in the future, the proceeds can be distributed among token holders based on their ownership percentage.
Example Scenario:
Suppose our plot of land in Herceg Novi is appraised at €100,000. We decide to tokenize the full value by creating 100,000 tokens, each worth €1. An investor buys 10,000 tokens, for a 10% stake in the land. If our land's value goes up to €150,000, the value of their tokens would also increase, and they could sell their tokens for a profit on a secondary market.
Okay, that sounds awesome, but what’s the catch??
Well, there are several points of failure that require careful consideration, as with any investment. The key one is regulatory practices – we simply must strictly adhere to local and international real estate and securities laws. Building trust and demand for real estate tokens, particularly in a market like Montenegro, may also require educating potential investors.
Properties can also depreciate as well as appreciate, or the security of the blockchain platform may be threatened. So, we need to do our research not only well but exhaustively before embarking on this thoroughly exciting adventure.

Let us take this one step further: How about a real world asset such as a race horse or the sperm of a champion? While possible, such a tokenization attempt would have unique challenges, primarily due to the biological, legal, and ethical complexities involved. Let's take a closer look:
1. Tokenizing a Racehorse
Tokenizing a racehorse involves converting ownership of the horse into digital tokens on a blockchain. These tokens could represent full or fractional ownership, so investors then share in the horse’s value and any potential earnings from racing, breeding, or selling the horse.
Challenges and Considerations:
LEGAL – Ownership laws are strict because of animal welfare needs of a valuable commodity. Owners of racehorses must deal with liability issues, including insurance for injuries or death. Token holders would need to understand their rights and responsibilities, which could be complex to manage.
MARKET - The value of a racehorse can fluctuate based on its performance, health, and market conditions. These fluctuations could impact the value of the tokens, making it a risky investment. Also, the market for racehorse ownership is niche, and finding a broad base of investors interested in fractional ownership could be challenging.
EXPENSES - The management of a racehorse involves significant costs (such as training, veterinary care, stabling). Token holders may need to contribute to these costs, and decisions about the horse's care could be complicated when ownership is distributed across many people. Important decisions regarding the horse’s racing schedule, training, breeding, or sale could also become complicated with multiple owners involved. Governance mechanisms would need to be established to manage these decisions.
SALES - If the horse is sold, the profits would need to be distributed among token holders. The timing and method of sale could be contentious, requiring clear agreements upfront.

2. Tokenizing the Sperm of a Champion Racehorse
Tokenizing the sperm of a champion racehorse presents different challenges, primarily related to the biological nature of the asset and its potential use in breeding. The use of champion horse sperm is tightly controlled through breeding rights and contracts. Tokenizing sperm would require careful legal structuring to ensure compliance with these contracts and any relevant regulations. The ethical implications of tokenizing a biological asset like horse sperm could also be controversial, particularly regarding animal welfare and the potential commodification of genetic material.
The value of horse sperm can fluctuate based on the racing success of offspring, changes in the breeding market, and the horse’s reputation. This volatility could affect the token’s value. Also, similar to racehorses, the market for horse sperm is niche, and tokenizing it would require finding a specific group of investors interested in equine breeding.
Another concern is storage. The sperm must be stored under specific conditions to maintain its viability. Managing the storage, handling, and distribution of the sperm to token holders or breeding farms would require a reliable custodial arrangement. Decisions about when and how the sperm is used, and the potential earnings from selling breeding rights, would need to be managed collectively by token holders, adding complexity.
Additionally, the ROI could be problematic. The value of tokens would be tied to the success of the breeding efforts. If the resulting offspring perform well in racing, the tokens could increase in value, but there’s no guarantee of success. Again, any earnings from selling the sperm or resulting foals would need to be distributed to token holders, requiring transparent and efficient mechanisms for profit-sharing.
So, we looked at three examples of RWAs and how they could potentially be tokenized. They are absolutely huge in terms of the potential they offer, but as is the case with any financial investment tool, there are the risks to carefully consider before investing.
Finally you may ask, but where do Social Mining and the tokenization of RWAs cross paths? I am glad you asked, because it is pretty huge. You see, social mining is what I like to call “the greatest leveler”, because it is a process where community members are rewarded for their contributions to a project, often in the form of tokens. Such contributions can include promoting the project, creating content, or providing valuable feedback. You become a micro-influencer, and benefit the project in several important ways:
Community Engagement: Social mining encourages active participation and loyalty.
Decentralized Growth: Social miners use community impact to grow and improve the project.
Incentivization: Social mining rewards users for their efforts, so their interests meet with the project’s success.

Combining these two concepts can create a powerful combo hit: Token holders can be incentivized to participate in social mining activities, further promoting the project and their own earning potential. Tokenizing assets can make them more accessible, allowing a wider audience to participate in social mining, and vice versa, a regular Joe who does not have funds to buy tokens can EARN them instead, allowing a true democratization of the wealth potential.  Also importantly, social mining can increase the value of tokenized assets an organic, community-driven growth and internal push for innovation.

We the #TheDAOLabs community believe in supporting projects on their way to greatness through SocialMining. This DAOLabs innovation is an alternative that allows you to take part in this great paradigm shift, and earn through your own hard work and efforts towards building a community behind a project you believe in.

Disclaimer: All the information provided in this article is for informative and educational purposes, and not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!

 

Following the latest news in crypto is what we as the #SocialMining community @DAO Labs do best, and as #DOGSONBINANCE rocket up, it's time to check out #MemeWatch2024 A #memecoin🚀🚀🚀 is a kind of cryptocurrency, but their origin is a joke or character that became a publicly known meme.

So , Memecoins are basically a joke that gathers the force of a community that builds force behind it, giving it a value based on their engagement. Dogecoin (

$DOGE ), which was created as a joke but gained massive popularity, and Shiba Inu (SHIB), a take on Dogecoin, are famous examples.
Traditonal cryptocurrencies have a purpose, and their creators aim to provide a solution to a specific problem or set of problems – these could be finance (Bitcoin), technology (Ethereum) or privacy (Monero). Memecoins do not often have such utility, and rely more on hype, social media and endorsements. Memecoins find their strongest proponents on platforms like Reddit, Twitter, and TikTok, where viral content spreads quickly. The communities behind these coins make them highly engaging, especially among younger, internet-savvy users. Many investors see memecoins as a quick way to make a profit because of their adrenaline-raising, volatile nature. The low price and high supply of these coins attract traders looking for high-risk, high-reward opportunities. In this respect, a memecoin is like a collectible item in the real world, including trading cards, rare art, or vintage toys. These items receive their value largely from community interest, the hype generated around the item, and their scarcity, rather than having intrinsic value. Another similar item group would be gems, such as amethysts or garnets. Just like memecoins, their worth is highly subjective and can jump up and down wildly based on trends, cultural relevance, and the emotions of collectors or investors.
The Good
Memecoins have brought a large number of new users into the cryptocurrency ecosystem, many of whom for the first time ever. Once a new user gets introduced to the cryptospace, they may become a regular user, increasing the reach of the ecosystem as a whole.
Increased liquidity is another benefit of memecoins and while somewhat risky, it is an undeniable support for the broader system. Also, the success of memecoins has shown that the community-driven aspect of blockchain can be incredibly powerful. This could bring about novel decentralized communities and governance models that rely on user engagement and viral growth, and possibly change how blockchain projects are developed and marketed.
The Bad
The aforementioned speculative nature of memecoins unfortunately adds to the overall volatility of the cryptocurrency market. For institutional investors and more risk-averse participants, this may end up slowing down the mass adoption of blockchain technology. This is because memecoins can give the impression that the cryptocurrency market is a "get-rich-quick" scheme rather than a serious technological advancement. As investors have gone bankrupt investing in a memecoin without due diligence, this perception can undermine the credibility of blockchain technology.
Another point is that the rise of memecoins and the associated speculative trading may cause governments or financial regulators to impose stricter regulations on the entire cryptocurrency market, potentially making it harder for new projects to emerge.

Meme Coins, Social Mining, and Decentralization
The community-oriented nature of memecoins is similar to the social mining concept developed by the DAO Labs, where users are rewarded for their contributions to a project’s ecosystem. In social mining, the value of a cryptocurrency is also closely tied to the strength and activity of its community. Memecoins too often have large, active decentralized communities and are given reach and power by the collective actions of their members. Just as social miners create value by contributing to a project, memecoin communities generate value through collective promotion, adoption, and trading of the coin.
I personally have $DOGS on the $TON Network and BONK on Binance, and am keeping an eye on any opportunities through airdrops or social mining. Memecoins are a lot of fun but require good research, skill and timing to be able to handle their volatility.
Disclaimer: All the information provided in this article is for informative and educational purposes, and not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!

Crypto never sleeps, and we as #SocialMining community @DAO Labs keep the pulse of our projects ( $AVAX , , MATIC , $TON for example) as we are proud of their innovative solutions. In this article, we will take a look at what @Movement Labs #MoveVM and @Polygon #AggLayer integration means and how they work to increase interoperability and liquidity, to create a more connected blockchain network.
What is MoveVM?
MoveVM is an open-source, chain-agnostic smart contract execution engine (1). It was first developed for Meta’s Libra (now known as Diem, a cryptocurrency project that later shut down 2) The key principles of Move are default security features, runtime and Aptos-specific formal verification, and over all, simplicity (1).  For developers features such as unit testing, coverage tooling, IDE plugins, and on-chain decompilation, data model, upgradeability, cross-interaction, code storage and sponsored transactions are only some of the advantages that Move offers (1). That is why it is a great choice for dApp developers.
What is Polygon's Agglayer?
At its heart, AggLayer is simple and minimalist, relying on a pessimistic proof mechanism for safe transactions between different blockchains. (3)
Liquidity fragmentation is a key issue that creates speed bumps along the transaction highway, and the AggLayer solves this problem by aggregating liquidity across a number of blockchains.
The ZK (Zero Knowledge) EVM (Ethereum Virtual Machine) provides a wide array of chains to operate like a single chain, which makes it faster. (4)  

MoveVM and Agglayer Integration
MoveVM and Agglayer integration promises to be a game-changer. With this integration, MoveVM devs and users will have the opportunity to connect to EVM-ecosystem blockchains. Polygon ecosystem on the other hand is expected to receive $160 million in Total Value Locked (TVL) through the integration. That number is impressive to say the least! SUI Move and Aptos Move ecosystems and more will be supported by Polygon and all of that will go a long way towards boosted liquidity, security and access, all the while for end-users, asset management gets simplified. It also goes without saying that lower transaction fees will have their own impact.
Investment Potential
Although a new project, Movement Labs caught the interest of investors, and already raised $38 million. Backers including Binance Labs prove the potential of MoveVM to hugely impact and transform the blockchain sector.  
We the DAOLabs community believe in supporting our projects on their way to greatness through Social Mining. This DAOLabs innovation is an alternative that allows you to take part in this great paradigm shift, and earn through your own hard work and efforts towards building a community behind a project you believe in.

Disclaimer: All the information provided in this article are for informative and educational purposes, and are not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!
$ETH
 

Sources:
1 APTOS DEV: https://aptos.dev/en/build/smart-contracts/why-move
2 BBC https://www.bbc.com/news/technology-60156682
3 POLYGON https://polygon.technology/blog/how-the-agglayer-unlocks-a-new-age-of-blockchain-economics
4 CHAINLINK https://chain.link/education-hub/zkevm
5 BINANCE https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-movement-labs-to-bring-smart-contract-security-and-parallelization-to-ethereum-116269849788036189
6 BINANCE https://www.binance.com/en/square/post/2024-07-30-movement-labs-joins-polygon-labs-agglayer-11500143308297
7 MOVEMENT LABS https://movementlabs.xyz/learn/
8 COINDESK https://www.coindesk.com/tech/2024/04/25/movement-labs-raises-38m-for-rollup-based-on-facebooks-move-language/
9 MEDIUM https://medium.com/@DeMan01/movement-labs-secures-38-million-in-funding-backed-by-okx-and-binance-how-blockchain-innovation-e7664520ef66

We as the @DAO Labs #SocialMining community keep our eyes on the current market context, although our first focus is always on our own projects ($AVAX , $KAVA , $MATIC for example). So are we in for a dot-com type bubble burst?
#US_Job_Market_Slowdown #July_NonFarmPayrolls_Shock #ETH_ETFs_Approval_Predictions
Here are some facts:
- S&P 500 Performance: The S&P 500 index has increased by 45% since January 2023, largely due to the rise in artificial intelligence (AI) stocks. Key AI companies have shown significant gains:
- Nvidia: 745%
- Meta Platforms: 305%
- Amazon: 117%
- Alphabet: 106%
- Microsoft: 85%
- Market Valuations and Comparisons: Current valuations in the technology sector are high but not as extreme as during the dot-com bubble. The S&P 500 is currently trading at 21.2 times forward earnings, which is above its five- and ten-year averages. During the dot-com bubble, the index traded at 25 times forward earnings.
AI and the Gartner Hype Cycle
- Gartner Hype Cycle Framework: This framework describes the lifecycle of new technologies in five phases:
1. Innovation Trigger
2. Peak of Inflated Expectations
3. Trough of Disillusionment
4. Slope of Enlightenment
5. Plateau of Productivity
- AI's Current Phase: Generative AI is nearing the Peak of Inflated Expectations and might soon enter a correction phase, based on this framework.
Differences Between AI Boom and Dot-Com Bubble
- Valuation Discrepancies:
- Technology stocks today trade at about 30 times forward earnings, whereas during the dot-com bubble, they traded at 55 times.
- The largest AI companies (Microsoft, Nvidia, Alphabet, Amazon, Meta Platforms) trade at an average of 49 times forward earnings compared to 59 times for the top dot-com companies (Microsoft, Cisco, Intel, Lucent, IBM) in 2000.
- Profitability and Market Dynamics: Today's AI companies are already profitable and provide essential infrastructure for AI adoption, unlike many unprofitable companies during the dot-com bubble.
Anticipated Market Dynamics
- Market Correction Expectations: Historically, markets experience cyclical corrections. While a downturn is expected at some point, current valuations suggest it might not be as severe as the dot-com crash.
- Historical Example of Recovery: Amazon's stock fell 90% after the dot-com bubble but has since increased significantly in value.
The current enthusiasm for AI stocks has led to high market valuations. While some analysts draw parallels with the dot-com bubble, differences in current valuations, profitability, and market conditions suggest a less severe impact. The Gartner Hype Cycle indicates that AI may soon move past its peak of inflated expectations.

Social Mining is a unique concept that provides regular income to participants while building strong, informed communities deeply invested in the projects they support. It not only rewards community contributions but also encourages members to be active stakeholders in governance and development. Despite any market fluctuations, social miners can keep earning through their investment of time and effort.

Disclaimer: All the information provided in this article is for informative and educational purposes, and not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!

Source: The Motley Fool

We as the @DAO Labs #SocialMining community always follow the continuously evolving cryptocurrency landscape, where our first focus is always on our own projects like $TON and $MATIC . In this article, we will take a look at what @Movement Labs MoveVM and @Polygon AggLayer integration will mean for the blockchain ecosystems.
In the blockchain space the two greatest hurdles that developers and users have to face are interoperability and liquidity, and the race is on to provide a better solution than the other operators. This Polygon Agglayer and MoveVM integration sets the stage for a quick and hiccup-free blockchain ecosystem. So, let’s look at what MoveVM is, how it integrates with Polygon's AggLayer, and what benefit is there for developers and end-users.

What is MoveVM?
MoveVM is an open-source, chain-agnostic smart contract execution engine (1). It was first developed for Meta’s Libra (now known as Diem, a cryptocurrency project that later shut down 2) The key principles of Move are default security features, runtime and Aptos-specific formal verification, and over all, simplicity (1).  For developers features such as unit testing, coverage tooling, IDE plugins, and on-chain decompilation, data model, upgradeability, cross-interaction, code storage and sponsored transactions are only some of the advantages that Move offers (1).

Polygon Labs, one of the DAOLabs supported projects, came up with its innovative “AggLayer” to provide hassle-free interoperability for various blockchains easily across Ethereum Layer 2 ecosystems.
How AggLayer Works
At its heart, AggLayer is simple and minimalist, relying on a pessimistic proof mechanism for safe transactions between different blockchains. (3)
Liquidity fragmentation is a key issue that creates speed bumps along the transaction highway, and the AggLayer solves this problem by aggregating liquidity across a number of blockchains.
The ZK (Zero Knowledge) EVM (Ethereum Virtual Machine) provides a wide array of chains to operate like a single chain, which makes it faster. (4)  

The Integration of MoveVM with AggLayer
When AggLayer integrates with MoveVM, it allows the MoveVM users the opportunity to access the blockchains operating within EVM. That means their reach will now be much wider, increasing their potential for adoption. It also hugely increases liquidity, provides better security for all involved and for the enduser, it makes switching, liquidating and tracking assets much simpler. Of course, it goes without saying this also means transaction fees will be lower!    

In conclusion, this integration between Polygon Agglayer and Movement Labs MoveVM is a win-win-win scenario – it benefits the blockchain space as a whole to have better connected, fast systems that allow for safe, secure liquidation and chains that can operate with minimal gas fees with less hassle and hiccups. That is also why we believe supporting our projects on their way to greatness through Social Mining. This DAOLabs innovation is an alternative that allows you to take part in this great paradigm shift, and earn through your own hard work and efforts towards building a community behind a project you believe in.

Disclaimer: All the information provided in this article are for informative and educational purposes, and are not intended as financial advice. Any trades bear the risk of partial or total financial losses and must be approached with utmost caution. DYOR!

 $ETH

Sources:
1 APTOS DEV: https://aptos.dev/en/build/smart-contracts/why-move
2 BBC https://www.bbc.com/news/technology-60156682
3 POLYGON https://polygon.technology/blog/how-the-agglayer-unlocks-a-new-age-of-blockchain-economics
4 CHAINLINK https://chain.link/education-hub/zkevm