According to Cointelegraph, the Bitcoin Layer2 solution Bitfinity Network has launched and completed a $12 million funding round, aimed at creating decentralized finance (DeFi) capabilities for Bitcoin that are compatible with the Ethereum Virtual Machine (EVM). This funding round included $7 million from notable supporters, including Polychain Beacon Fund, ParaFi, Draft Ventures, and Warburg Serres, while an additional $5 million came from an over-the-counter token sale.
It is reported that Bitfinity Network will leverage the chain integration technology of the Internet Computer Protocol (ICP) to enable Bitcoin's native assets to "operate within an Ethereum-compatible ecosystem"; additionally, the security of its L2 network is enhanced by "utilizing a robust proof-of-stake protocol that employs Chain-Key technology."
Internet Computer sees Latin America as a hub for blockchain, cybersecurity and AI
As the digital landscape rapidly evolves, countries around the world are exploring the potential of blockchain, artificial intelligence (AI), and cybersecurity to boost economic development and protect critical infrastructure. According to Atlantic’s Latin America Digital Report, the region is actively advancing digital transformation and workforce capabilities, with a focus on increasing internet access and expanding digital financial services to address socioeconomic disparities. This approach is supported by regional cooperation and strong public-private partnerships to foster an innovation-driven economic environment, with countries such as Argentina, Mexico, Brazil and Colombia showing growing interest in technological advancement.
ICP Ecosystem Project Predi is officially launched on Binance Chain, and airdrops and celebrations are launched at the same time
On November 10, 2024, Predi, a project that had won the ICP Community Grant, announced its official deployment on the Binance Smart Chain, starting a new journey for Predi in the field of on-chain prediction markets.
Predi uses ICP's Chain Fusion technology to create a decentralized, full-chain, and full-currency prediction market platform to provide users with multi-currency and cross-chain prediction services. Whether you are a prediction enthusiast, or a KOL, Influencer, media, or token issuer who hopes to publish prediction products and gain income, Predi will be your ideal platform.
KongSwap, an advanced DEX without chain bridges and oracles
KongSwap is an innovative platform in the DeFi (decentralized finance) space that overcomes the challenges often faced, such as high transaction fees, liquidity fragmentation, and complex user interfaces. KongSwap leverages the Chain Fusion technology of the Internet Computer (ICP) to enable cross-chain transactions without the need for bridges or oracles, providing a new experience for DeFi users. What is KongSwap? KongSwap is a decentralized exchange (DEX) designed to meet token trading needs with a simple cross-chain approach. Some of its outstanding features include:
Web3 Wallet Wepin Signs Partnership with Korean ICP Center to Expand Ecosystem
IoTrust, which operates the Web3 wallet service 'Wepin', announced on the 31st that it has signed a strategic partnership with the Korea Internet Computer Center (ICP HUB Korea). Wepin is an enterprise Web3 wallet solution that allows companies, even without blockchain development experience, to link their wallet to applications or networks in just 5 minutes, featuring a simple SDK and API that facilitate the introduction of blockchain services for businesses. The Internet Computer is one of the leading blockchain networks, aimed at revolutionizing computing and data storage by enhancing efficiency, speed, and decentralization. The decentralized social network built on the Internet Computer ecosystem is a representative mainnet that offers secure login options using biometric technology, enables rapid data sharing, and facilitates cryptocurrency transfers.
The Web3 community is very open, experimental, and often supports projects that attempt to advance computer science research. However, one area where we do not do well is the clarity of thought or communication. This article aims to help explain the necessary conditions for deploying AI models on smart contracts. In simple terms: after reading this article, you should have a straightforward intuition about what is possible as of October 2024 and what remains to be addressed. Has AI been brought on-chain? If not, what is missing? Smaller models can also achieve on-chain AI, but current limitations in memory, computational power, and consensus mechanisms hinder the effective deployment of large AI models like LLMs on the blockchain, just as one would expect if they were deployed on traditional cloud servers.
What is Vly? Vly is a value layer above all social networks, with the Vly wallet being its first product, featuring the following characteristics: Pay people using social media accounts instead of wallet addresses; Receive cryptocurrency without creating a wallet; Decentralized and non-custodial, Passkey enables hardware-level security; Leverage existing social relationships and behaviors for value distribution; Support all chains and all tokens in one place through a unified payment gateway; Web-based SDK compatible with any existing APP/platform.