In the rapidly growing cryptocurrency sector, NEAR Protocol, VeChain, and BlockDAG are making waves with their unique technological advancements and promising returns. These platforms are shaping the blockchain landscape, offering investors the chance to engage with high-potential projects. This analysis dives into the unique features and market impacts of each, helping investors identify the best options for their portfolios, from NEAR Protocol’s scalability to VeChain’s strategic initiatives and BlockDAG‘s innovative technology.

NEAR Protocol’s Impressive Scalability Performance

NEAR Protocol has established itself in the blockchain arena, particularly noted for its strong performance in early 2024. The NEAR token has seen a resurgence, aiming to reclaim its January 2022 peak. With total value locked (TVL) increasing by 160% to $335 million, NEAR has outperformed major players like Bitcoin and Ethereum this quarter. The surge in daily transactions and the expansion of its stablecoin market cap highlight the platform’s robust health and growing investor confidence.

VeChain’s Strategic Advancements in Europe

VeChain is enhancing blockchain utility through a new partnership with Oobit, incorporating Near Field Communication (NFC) technology. This integration allows VET token users to make payments at over 100 million locations worldwide that accept Visa and Mastercard. This expansion enhances VET’s functionality and aligns with VeChain’s commitment to sustainable practices and European regulatory standards for transparency and ESG compliance. With a recent $25 million Series A funding, VeChain is set for further growth, showcasing its potential for innovation and expansion.

BlockDAG: Redefining Cryptocurrency Investment

BlockDAG is rapidly emerging as a key player in the cryptocurrency world, having raised $37.8 million in a successful presale. It is poised for significant impact with the upcoming launch of the X1 miner app, enabling efficient mining of BDAG coins directly from smartphones. This app promises up to 20 coins daily with minimal energy use, offering an impressive potential ROI of 30,000x. BlockDAG’s support for various cryptocurrencies simplifies access for global investors and forecasts a potential value of $30 by 2030, presenting a highly attractive investment opportunity.

BlockDAG’s presence at global events like London’s Piccadilly Circus and extensive media coverage, including features in Forbes, showcase its ambition and technological prowess. The planned mainnet launch and extensive development roadmap are set to enhance its market position significantly.

Navigating Cryptocurrency Investments

Identifying the most advantageous crypto investment can be challenging. However, BlockDAG’s combination of innovative technology, aggressive growth strategies, and successful fundraising efforts make it a leading candidate for those seeking substantial returns. As the crypto market evolves, BlockDAG’s ongoing presale represents a strategic opportunity for investors ready to tap into cutting-edge cryptocurrency projects. For further information, visit BlockDAG’s official website to explore their innovative offerings.

With each platform offering distinct benefits—from NEAR Protocol’s scalability and VeChain’s strategic expansion in Europe to BlockDAG’s innovative technology—investors are well-placed to capitalize on these high-potential cryptocurrency projects.

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Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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While the growth of Solana’s ecosystem and the optimistic price forecasts for Immutable X have momentarily drawn the market’s gaze, BlockDAG’s latest advancements are proving to be even more compelling. The recent upgrades to its dashboard are poised to dramatically improve both functionality and user experience, capturing the attention of investors. These enhancements have catapulted BlockDAG to a stunning $37.8 million in presale achievements and an 850% price increase by the 16th batch, shifting the focus of investors toward its exceptional performance and promising future.

Solana Ecosystem Expands with Strategic Developments

Solana’s ecosystem is flourishing with integrations and enhancements, such as Render’s migration to SPL and Aave’s adoption of the Neon EVM. Initiatives like Jito Labs aim to boost user engagement, while a new community-approved proposal redirects fees to validators, optimizing network operations. Additionally, Sphere Labs’ integration with Telegram enhances accessibility to crypto services, solidifying Solana’s place in the blockchain arena.

Immutable X Poised for Significant Gains in the NFT

Immutable X is set for a significant upswing, with projections showing a 228.5% growth by June 2024. It addresses critical issues in the NFT marketplace, such as scalability and high transaction costs, with its Layer-2 solution, keeping investor outlook positive. Although it encounters robust competition, Immutable X’s pioneering role in the Web3 gaming realm positions it as a strong candidate for substantial gains soon.

BlockDAG’s Dashboard Innovations Lead to an 850% Surge in Value

BlockDAG has seen an astounding 850% increase in price from its first to its sixteenth batch, culminating in a presale achievement of $37.8 million. The current coin price is $0.0095, a rate that has significantly bolstered investor confidence. This surge in value is largely due to recent enhancements to BlockDAG’s dashboard, which have greatly improved both user experience and functionality. These updates have made the platform more seamless and intuitive for BlockDAG’s growing community.

The refreshed dashboard introduces several features tailored for BlockDAG investors. As users access the dashboard, they are immediately updated with the latest news in the Hot News section, keeping them informed about essential developments. The Current Rank feature allows investors to monitor their ranking and understand the purchases needed to progress. 

Furthermore, the Wallet section facilitates straightforward purchases and balance checks, while the Leaderboard Preview and Last Transactions Preview provide valuable insights into major transactions and recent activity. Moreover, the Referral Screen helps track the bonuses garnered through referral links.

These user-focused features are supported by the insights from the Development Releases, which address key issues like decentralization versus scalability, synchronization challenges, and updates to BlockDAGScan. These technical improvements have laid the groundwork for the dashboard’s innovative features, ensuring a solid and dependable platform for users.

BlockDAG continues to innovate and enhance its offerings, solidifying its place at the forefront of the cryptocurrency presale market. By consistently upgrading its platform with user-oriented improvements and harnessing the latest in technological developments, BlockDAG has secured the trust of its investors, leading to a presale success of $37.8 million. As a result, BlockDAG is positioning itself as a leader in the competitive blockchain space

Concluding Insights

BlockDAG’s commitment to continuous improvement and its focus on user-friendly features have led to significant presale successes, including a $37.8 million haul and an 850% price escalation. While Solana and Immutable X demonstrate notable growth, BlockDAG’s strategic dashboard enhancements have positioned it as a leading presale crypto project in a competitive market. With ongoing weekly dev releases, BlockDAG sets a new standard in the crypto presale landscape.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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As the Binance coin nears an all-time high, despite serious regulatory obstacles, it touched $631, approaching its peak of $686. Concurrently, Monero’s market prediction for 2024 reflects diverse opinions, forecasting a slight decrease by the end of May.

In this environment, BlockDAG stands out as a transformative power in the cryptocurrency market. Having secured $37.8 million from its latest funding round, BlockDAG is far from being just another cryptocurrency. It’s a dynamic entity set for significant expansion. 

The BlockDAG mining X series, renowned for its efficiency and productivity, is drawing significant interest from the mining community. Early backers are eyeing a potential 30,000x return, with forecasts indicating that BlockDAG could hit a $30 valuation by 2030, positioning it among the most bullish cryptocurrencies.

BNB Price Climbs Toward Peak Despite Regulatory Barriers

Recently, BNB’s value has surged, nearly reaching its record high of approximately $686, marked at $631 on May 21, 2024. This rise persists despite Binance grappling with a substantial $4.6 billion penalty from the U.S. SEC and the detention of two employees in Nigeria. Nevertheless, BNB’s market performance remains robust, indicating strong investor confidence in its value.

Investor sentiment towards BNB remains largely optimistic, with $60 million directed into LONG positions significantly overshadowing the $35 million in SHORT positions. Should Ethereum ETFs receive approval, BNB’s value could surpass $690. Conversely, a downturn in the market could push its value below $550.

Monero’s Market Insights: Outlook for 2024

The latest forecasts for Monero suggest a potential 2.18% drop in XMR value by May 26, 2024. Current analyses present a mixed market view, with 23% of indicators signalling a bearish trend and a Fear & Greed Index score of 74 pointing to market greed. Over the past month, Monero has maintained stability, with a 4.81% price volatility and 60% of the days ending positively.

BlockDAG’s Journey to a $30 Price Tag and Sustainable Mining Practices

BlockDAG is quickly becoming a foundational player in the crypto market, attracting global investor interest. With $37.8 million already raised in its latest funding effort, this cryptocurrency is establishing itself as a formidable force. Projected to achieve a $30 valuation by 2030, early investors could witness a 30,000x return, making BlockDAG a top contender for bullish investors and a compelling option for shrewd market players.

The innovative X-series crypto mining rigs, which excel in efficiency and commit to eco-friendly mining, are leading the way in appeal. These rigs are optimized to maximize hashing efficiency per watt, ensuring optimal returns on energy investment. The strategy of using underclocked ASIC chips reduces resource strain and operational temperatures, enhancing overall performance.

For mining novices, the X10 model is a game-changer. It can mine up to 200 BDAG daily with minimal energy consumption. It represents an efficient, small-scale, environmentally friendly solution demonstrating how advanced technology can yield significant results. Alternatively, the X30 model serves more ambitious miners, capable of producing 600 BDAG daily. This model is the ideal combination of power and sustainability, suited for those looking to increase their mining scale.

BlockDAG’s commitment to eco-friendly practices extends throughout its mining operations. Its hybrid consensus protocol underscores its dedication to sustainability without sacrificing efficiency, making BlockDAG a preferred choice for investors prioritizing environmental concerns alongside financial growth.

Final Thoughts

While Binance Coin (BNB) and Monero (XMR) navigate through market uncertainties and fluctuations, BlockDAG stands out with its pioneering mining technology and commitment to green initiatives. Projected to achieve a $30 valuation by 2030, it offers substantial returns and a sustainable investment path. This unique combination of profitability and responsibility secures BlockDAG’s position as a prime choice for forward-looking cryptocurrency investors.

Join BlockDAG Now!

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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In the rapidly evolving cryptocurrency landscape, BlockDAG has emerged as a dominant player, capturing global interest with its dynamic marketing strategies, including spectacular billboard showcases across major cities like Tokyo, Las Vegas, and London. 

Despite Ethereum’s modest 5% rise and BounceBit’s 40% gain, BlockDAG has skyrocketed with a remarkable 850% increase in value, setting a new benchmark in the sector. BlockDAG’s platform, renowned for its ease of use in blockchain development, has attracted a substantial $38.7 million in presale revenue, thereby cementing its position in the burgeoning digital currency market.

Ethereum’s Momentum Driven by Anticipated ETFs

Ethereum has seen a steady uptick, currently trading near $4,000, fueled by the anticipation of new spot ETFs. This development has sparked a wave of institutional interest, with Ethereum whales acquiring 510,000 ETH, reinforcing market confidence. 

Analysts are optimistic, projecting that Ethereum could hit $4,500 prior to the ETF launch, potentially reaching a new peak of $5,000. With a market cap of $469 billion and daily transactions soaring 68% to nearly $17 billion, Ethereum’s financial indicators remain strong.

BounceBit’s Strategic Advances Lead to 40% Increase

BounceBit has experienced a significant 40% increase in its valuation, driven by enhanced market confidence and innovative developments. Its integration of centralized and decentralized financial systems aims to provide lucrative investment opportunities, backed by recent technological enhancements like the BounceBit Chain and the Fixed Earn product. These innovations boost transaction capacity and offer stable returns, helping propel BounceBit’s price to $0.4792—a 42.31% increase, with daily trading volumes reaching $203.08 million.

BlockDAG’s $37.8M Presale Boost with Innovative Mining and Smart Contracts

BlockDAG recently presented its Keynote video at Shibuya Crossing in Japan, showcasing its user-friendly mining technology. The recent beta release of the BlockDAG X1 mobile app revolutionizes crypto mining, enabling users to mine up to 20 BDAG coins each day. This breakthrough makes cryptocurrency mining more accessible to novices, providing an easy source of passive income. The home miners, such as the X10, X30, and X100 models, are designed to be energy-efficient and suitable for both beginners and seasoned miners.

In Las Vegas, the publication of BlockDAG’s technical whitepaper drew international focus, highlighting its scalability and security features, based on the Directed Acyclic Graph (DAG) architecture and Proof-of-Work (PoW) consensus mechanism. These features establish BlockDAG as the premier layer-1 blockchain, adept at accommodating an expanding user base and adapting to increasing demands while preserving network integrity.

At London’s Piccadilly Circus, BlockDAG demonstrated its state-of-the-art blockchain technology to an international audience. This prominent display emphasized BlockDAG’s technological advances in scalability and security, affirming its position as a leader in the cryptocurrency sector. The event underscored BlockDAG’s dedication to transforming digital transactions and broadening its influence, thereby bolstering its standing as a pioneering force in the blockchain community.

The enthusiasm persists as BlockDAG’s low-code/no-code smart contract platform permits even those without extensive coding expertise to develop and deploy blockchain applications easily. This feature is rapidly expanding BlockDAG’s user base, narrowing the divide between technical complexity and user interaction, which contributed to raising over $37.8 million in its 16th presale batch, reflecting an impressive 850% surge in value.

Concluding Insights

BlockDAG’s trailblazing approach and extensive global presence underscore its potential to revolutionize the cryptocurrency domain. With a successful $37.8 million presale and an unprecedented 850% surge in value, BlockDAG distinguishes itself as an attractive investment opportunity. 

Its intuitive mining technology, robust blockchain architecture, and innovative no-code smart contract platform mark BlockDAG as an industry innovator. As it continues to expand and evolve, BlockDAG is poised to offer exciting prospects for investors and users worldwide.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu 

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BlockDAG continues to spearhead innovation in the cryptocurrency realm with its remarkable 38th Developer Release, transforming consensus mechanisms within its distinctive Directed Acyclic Graph (DAG) architecture. This pivotal update brings advancements in how transactions are ordered and blocks are validated, integrating a cutting-edge timestamp-based sorting method that guarantees accurate and secure transactions across its concurrent chains. 

While BlockDag’s technological strides gain momentum, its presale also achieves remarkable success, selling over 10.2 billion coins and accumulating more than $37.8 million from Batch 16 alone. This blend of technological advancement and market achievement underscores BlockDAG’s steadfast commitment to setting new benchmarks in the cryptocurrency landscape.

BlockDAG Leads the Crypto Charge with 10.2B Coins Sold

BlockDAG is making waves in the crypto sphere with its pioneering Directed Acyclic Graph (DAG) framework, distinguishing itself from traditional blockchain models. Its proof-of-work consensus method is tailored for both security and environmental sustainability, paving the path for a green digital future. BlockDAG champions an eco-friendly paradigm, striving to transform the cryptocurrency landscape into a secure and efficient alternative to the status quo.

Leading BlockDAG’s technological forefront are the X Series Crypto Miners, especially the X10 model. This compact powerhouse, not much bigger than a typical Wi-Fi router, combines energy efficiency with superior mining capabilities. With the ability to mine up to 200 BDAG daily at a hash rate of 100 MH/s while only consuming 40 watts, the X10 represents the pinnacle of performance and user-friendliness with its simple setup and advanced ASIC technology.

As the presale escalates to new heights with over 10.1 billion coins sold and earnings topping $37.8 million, the X10 stands as a testament to BlockDAG’s dedication to innovation and environmental responsibility. The ongoing presale has set the coin price at $0.0095 in Batch 16, reflecting growing investor trust and the project’s promising future.

BlockDAG Dev 38: Unleashing Advanced Consensus Technologies

BlockDAG is excited to announce major enhancements in Dev Release 38, which focuses on refining consensus mechanisms suited for its DAG-based blockchain architecture. This update introduces sophisticated algorithms designed to secure, streamline, and scale transaction confirmations within the BlockDAG ecosystem. Central to this release is an innovative method for organizing transactions by timestamps, ensuring they are processed in the correct order. This meticulous sequencing is vital for maintaining both network integrity and efficiency.

Moreover, Dev Release 38 brings a powerful block confirmation method that leverages the collective weight of subgraphs to establish consensus, ensuring that only the most reliable and significant blocks achieve confirmation. The release notes provide a pseudocode outline of this process, showcasing a detailed yet streamlined approach to achieving robust consensus.

This update also kicks off Phase 2 of the X1 Miner deployment, focusing on enhancing user experience. This phase includes crucial bug fixes, performance enhancements, and heightened security measures. With the application already approved on Google Play and pending final review on the Apple App Store, BlockDAG reaffirms its commitment to quality and user satisfaction.

BlockDAG: Reigning Supreme in Dev Releases

With Dev Release 38, BlockDAG cements its position as a leader in the crypto market, introducing advanced timestamp-based algorithms that bolster transaction security and integrity. Coupled with the presale’s monumental success in Batch 16, with a coin price at $0.0095 and earnings exceeding $37.8 million, BlockDAG continues to illustrate its pioneering spirit and commitment to innovation. These milestones not only reinforce investor confidence but also position BlockDAG for sustained growth and success in the dynamic world of digital currencies.

Join BlockDAG Presale Now:

Website: https://blockdag.network

Presale: https://purchase.blockdag.network

Telegram: https://t.me/blockDAGnetworkOfficial

Discord: https://discord.gg/Q7BxghMVyu

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Decentralized exchange protocol GMX announced its intention to launch the second round of the GMX Grants Program, building on the success of the initial phase and the recent approval of GMX’s STIP-Bridge proposal by the Arbitrum DAO.

Under the new grants program, GMX plans to distribute 600,000 ARB in rewards to successful grantees, with each grant amounting to 75,000 ARB.

This program intends to assist developers who contribute to the broader adoption of the Arbitrum (ARB) blockchain by building and integrating with GMX V2. Projects interested in participating can begin their applications from June 3rd onward.

Notably, projects that previously received STIP-Bridge grants, LTIPP grants, or grants from the first round of the GMX Grants Program will not qualify for this round. Due to budget constraints, applications will be reviewed in batches. Therefore, GMX advises developers to submit their applications promptly to enhance their chances of being considered.

During the initial phase of the GMX Grants Program, GMX provided support to 22 projects through guidance and financial backing totaling 1,290 million ARB. This assistance played a crucial role in enabling these developers to bring their visions to fruition.

The recipients of the grants, who concentrated on incorporating GMX V2 trading, collectively generated an impressive trading volume of approximately 518 million during the campaign period. In terms of liquidity, these recipients achieved a combined Total Value Locked (TVL) of 40 million on their platforms, substantially enhancing the liquidity of the markets.

Attention all #DeFi Builders:GMX announces the launch of wave 2 of the GMX Grants Program, following the success of the first wave and the recent approval of GMX's STIP-Bridge proposal by the Arbitrum DAO.For the wave 2 grants, GMX will allocate around 600,000 ARB of… pic.twitter.com/xMYhvbdsra

— GMX (@GMX_IO) May 31, 2024

What Is GMX? 

GMX operates as a decentralized spot and perpetual exchange, providing low swap fees and minimizing price impact on trades. Its trading functionality is facilitated by distinct multi-asset pools, which enable liquidity providers to earn fees from market making, swap fees, and leverage trading. The platform utilizes Chainlink Oracles and aggregates prices from major volume exchanges to ensure dynamic pricing.

Recently, GMX unveiled real-time trading and governance alerts feature to enable traders to receive immediate trade and price notifications, as well as protocol announcements, simply by using their wallet address.

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Entity responsible for EOS Network, The EOS Network Foundation (ENF) unveiled the new tokenomics model that has been granted approval by the network producers after securing a majority consensus. Its contracts are expected to deploy to the EOS mainnet on June 1st, following the time-delayed execution of the multisig (MSIG) proposal.

The new tokenomics model presents a variety of essential advancements. It establishes a fixed token supply of 2.1 billion tokens, eliminating inflation and creating predictable economic conditions. The model also encompasses an 80% decrease in Fully Diluted Value (FDV), which aims to improve the long-term value proposition for token holders. Additionally, it implements four-year halving cycles to mediate EOS inflow into the market. Moreover, funding is allocated to help middleware operators, specifically concentrating on improving the usability of the token.

A significant distribution of 350,000,000 tokens will be allocated to improve the RAM market. EOS RAM will be obtained to guarantee adequate supply and liquidity, facilitating growth, and improving accessibility to the RAM market. Furthermore, high-yield staking rewards will be introduced, and the staking lockup period will be adjusted to encourage broader community participation.

The #EOS Network Block Producers have reached a super majority consensus to approve the new tokenomics model proposal! Upon time delayed execution of the MSIG on June 1, network inflation will be permanently halted and $EOS FDV will be reduced by 80%!https://t.co/By9UPRL3Tx pic.twitter.com/2yjVqo2M7m

— EOS Network Foundation (@EOSNetworkFDN) May 31, 2024

EOS Network Unveils Antelope Spring Beta-1 On Jungle Testnet To Enhance Blockchain Performance

The EOS token is the utility token of the EOS blockchain. It serves as a medium of exchange and provides governance rights, allowing holders to influence the network’s direction. Additionally, it grants access to network resources, among other advantages.

The EOS Network, initially developed by Block.one, garnered notable attention when it raised $4 billion during its initial coin offering (ICO) from 2017 to 2018. In August 2021, under the leadership of Yves La Rose, the EOS Network Foundation was established as a community-backed organization. It unveiled a new roadmap for the EOS ecosystem, signaling a fresh direction for the project.

Recently, EOS Network unveiled the Antelope Spring Beta-1 on the Jungle testnet. This latest version presents several features focused on improving blockchain performance, enhancing security measures, and fostering user engagement. This roll out is the first of multiple key milestones, with the final version slated for release on July 10th and a hard fork scheduled for July 31st.

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In the past few years, moral and practical concerns have focused on AI due to its enormous potential for both beneficial and detrimental uses. One of the industry leaders, OpenAI, is dedicated to implementing strict guidelines to stop its AI models from being abused.

This dedication is especially important for identifying and foiling covert influence operations (IO), which are efforts to sway public opinion or impact political results without disclosing the real identities or motivations of the parties involved. In the last three months, OpenAI has interfered with five of these activities, proving its commitment to reducing the misuse of AI technology.

Unexpected Breakdowns in Covert Influence Operations Lately

On May 30, 2024, OpenAI made history by disclosing to the world that it had successfully thwarted five such covert influence campaigns that came from Iran, China, Russia, and even an Israeli private company. The business published an open report detailing the painstaking investigations that exposed these malicious efforts, which aimed to use OpenAI’s state-of-the-art language models for fraud on the web.

The CEO of OpenAI, Sam Altman, reaffirmed the company’s dedication to creating intelligence applications that are reliable and secure. He also stated that the company is committed to implementing regulations that stop misuse and enhance openness surrounding information generated by AI, with a particular focus on identifying and affecting hidden influence activities.

A particular operation—dubbed “Bad Grammar” by OpenAI analysts—came from Russia. In an effort to change public perceptions, the individuals behind this operation used Telegram bots to run OpenAI’s models and produce brief social remarks in both Russian and English. These comments were then shared on the well-known chat app.

Photo: Public Telegram comment matching a text generated by this network. Threat Intel Report

Another organization called “Doppelganger,” adopted a more international strategy, using OpenAI’s AI to create replies in different EU languages.

The study also provided insight into a Chinese system known as “Spamouflage,” which made use of OpenAI’s models for a range of applications, including the creation of multilingual material for sites like X, Medium, and Blogspot, as well as the investigation of public social media activity. The researchers even used OpenAI’s AI to debug database and website management code, particularly a previously undisclosed domain, which is maybe the most concerning of all.

Photo: Screenshot of the website revealscum[.]com, showing the page titled “汉奸” (“traitor”). Threat Intel Report

The “International Union of Virtual Media” (IUVM), an Iranian organization that used OpenAI’s AI to create and interpret long-form documents, news, and web tags, was also discovered by the organization’s analysts.

Photo: Tags on an article published by iuvmpress[.]co. Note the first two tags, which include the model’s response. Threat Intel Report

Unexpectedly, OpenAI also interfered with the operations of an Israeli business that went by the moniker “Zero Zeno.” Using OpenAI’s models, STOIC created stories and replies that were then shared on various platforms, such as Facebook, Instagram, X, and corporate pages. This may have been done in an effort to sway public opinion or advance business objectives.

Photo: English-language comments generated by this network and posted on Instagram. Both the original post and the replies were generated by this campaign. Threat Intel Report

The research highlights that a wide range of topics were covered by the information that was distributed by these different organizations. This wide range of subjects highlights how adaptable these threat actors were in their attempts to use OpenAI’s language models for their own evil purposes.

OpenAI, however, claims that despite their best efforts, these secret influence campaigns did not gain much from using its services to boost popularity or reach. When evaluating the impact of IOs, the Brookings Institution’s “Breakout Scale” was used. None of the 5 initiatives received a score greater than 2, meaning that their activities were restricted to a few platforms and did not significantly penetrate legitimate online groups.

Photo: Researchers identified the following domain as being associated with this campaign. Threat Intel Report

Examination of Attacker Strategies

The paper from OpenAI also identifies a number of significant patterns in the way that these threat actors tried to abuse AI models. To create the appearance of participation on social media, they all used AI-generated material in addition to more conventional formats like handwritten letters or repurposed memes. Furthermore, a few actors demonstrated the adaptability of these technologies by using AI to increase their productivity by analyzing social media postings or troubleshooting code.

Interestingly, the business highlights the benefits AI provides to defenses against these kinds of attacks. OpenAI’s safety measures, which prioritized ethical AI deployment, have consistently caused inconvenience to threat actors by declining to provide the intended destructive material. The study, for example, details situations in which the company’s models refused to generate the desired text or graphics, impeding the operators’ attempts to spread misinformation or propaganda.

Additionally, in order to improve recognition and evaluation skills and speed up investigations that could have gone on for weeks or months, OpenAI has built its own AI-powered tools. The business has shown how AI can strengthen safeguards against its own malevolent use by utilizing the exact technology it aims to protect.

OpenAI emphasizes how crucial business cooperation and the sharing of open-source intelligence are to thwarting these clandestine operations. As a result of years of open-source study by the larger research community, the corporation shared precise danger indicators with peers in the industry and strengthened the idea that fighting misinformation and online manipulation is a team effort requiring collaboration across industries.

OpenAI’s Future Course for Safety

By using this strategy, OpenAI seeks to strengthen the effect of its disruptions on these bad actors, restricting their capacity to utilize AI technology for illicit activities. According to the paper, “Distribution matters: Like traditional forms of content, AI-generated material must be distributed if it is to reach an audience.”

Summing it up, OpenAI’s research highlights that these stealth influence operations were still constrained by human variables, such as operator mistakes and decision-making defects, even while it acknowledges the potential threats presented by the abuse of AI technology. The paper includes examples of operators posting rejection signals from OpenAI’s models on their websites and social media by mistake, exposing the flaws and restrictions in even the most advanced misinformation efforts.

As for now, OpenAI’s dismantling of these five clandestine influence campaigns is evidence of the company’s diligence and commitment to maintaining the integrity of its artificial intelligence systems. However, the fight against misinformation and online manipulation is far from ending, and as AI technologies develop, there will be much more need for cooperation, creativity, and ethical concerns.

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Decentralized finance (DeFi) lending protocol Aave community launched a vote on a new proposal aimed at gradually raising the Reserve Factor (RF) for Bridged USDC (USDC.e and USDbC) across Arbitrum, Optimism, Polygon, and Base Aave deployments. The voting period has already started and will conclude on June 3rd.

The proposal suggests that the increase will gradually make the deposit rate on listed markets less attractive over time, reducing competition between Bridged USDC and native USDC. This adjustment is anticipated to encourage users to transition to native USDC within the respective market.

Upon the proposal’s implementation, an Aave Improvement Proposal (AIP) will be submitted to increase the Reserve Factor (RF) by 5.00% every two weeks, up to a maximum of 99.99%, contingent upon market conditions. The RF adjustments will be integrated into the bi-weekly RF and Borrow Rate adjustment AIP to streamline the voting process. This approach has already been deployed on Polygon v2, Ethereum v2, and Avalanche.

Aave Labs Unveils ‘Aave 2030’ Proposal, Plans For Aave V4 Launch And Cross-Chain Liquidity Layer

Aave functions as a decentralized and permissionless DeFi platform, allowing users to lend and borrow cryptocurrencies efficiently. Utilizing liquidity pools filled with various cryptocurrencies, Aave removes the need for central intermediaries. Lenders provide liquidity to these pools to earn interest, while borrowers can obtain overcollateralized loans. According to DefiLlama, Aave’s current total value locked (TVL) stands at $12.99 billion.

Recently, Aave Labs has unveiled the “Aave 2030” proposal to the community, aiming to initiate discussions about the platform’s vision and plans beyond 2030. The proposal outlines Aave Labs’ intention to introduce Aave V4, the next version of its protocol, in 2025. Additionally, Aave Labs plans to roll out a cross-chain liquidity layer (CCLL) to expand and transform into a cross-chain liquidity protocol over the next two to three years, among other improvements.

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Ranger Bet, one of the leaders in the online betting sector, is pleased to announce the launch of its Staking platform, providing users with a new way to invest and earn significant returns through staking cryptocurrencies.

Cryptocurrency staking is a popular way to generate passive income in the world of digital finance. With Ranger Bets, users will be able to lock their coins in smart contracts for specific periods, receiving attractive yields in return. Ranger Bet offers three staking options, each with different durations and annual profitability rates, all paid monthly:

Staking Options:

3 Month Staking:

Profitability: 30% per year

Monthly payment

6 Month Staking:

Profitability: 37% per year

Monthly payment

12 Month Staking:

Profitability: 58% per year

Monthly payment

The introduction of cryptocurrency staking represents a significant step forward in our mission to deliver exceptional value to our customers,” said  César Boaventura, Ranger Bet Director. “We are committed to providing innovative tools that enable our users to maximize their investments safely and effectively.”

How Staking Works:

Locking: Users select one of the staking options and lock their cryptocurrencies for the chosen period.

Income: During the lock-in period, crypto assets generate income that is paid monthly, based on the corresponding annual rate of return.

Release: After the lock-in period ends, the tokens, along with the accumulated earnings, are released to the user.

Cryptocurrency staking is gaining popularity due to its ability to offer higher yields than traditional investment options. Ranger Bet not only provides a top-notch betting platform, but also opens doors to new financial growth opportunities for its customers.

Interested parties can start investing in XYZ Token and enjoy the benefits of staking by visiting Ranger Bet. 

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Amidst a week full of noteworthy investment activity, Elon Musk’s xAI secured $60 million from ARK Invest. Furthermore, in an effort to incorporate Bitcoin into educational finance frameworks, the University of Austin established an endowment supported by Bitcoin in collaboration with Unchained. While Chinese AI startup Zhipu AI got an investment from Prosperity7, representing Saudi Arabia’s strategic drive into the AI business under tightened US export rules, Web3 gaming firm Zentry raised huge cash to create its Metagame Layer.

Elon Musk’s AI Business, Xai, Has Received $60 Million From Ark Invest, Which is Headed by Cathie Wood

The investment accounts for around 2% of the fund’s holdings. When paired with Musk’s emphasis on rapidity, xAI stands out from other AI investments thanks to its access to X’s distribution and real-time data. Advertisers may now specify target audiences while X’s AI creates suitable user pools thanks to the introduction of AI-curated audiences by X. 

Initially, ARK Invest revealed that 5% of its interests are in Anthropic and 4% are in OpenAI. Musk’s most recent project, xAI, was introduced in March 2023 and is aimed at competitors like OpenAI, Google, and Microsoft in the AI space. In a Series B fundraising round, it raised $6 billion, bringing its worth up to over $24 billion. 

The University of Austin (Uatx) and Unchained Have Teamed Up to Launch the First Long-term Endowment Fund

The $5 million that the fund hopes to raise will be invested in Bitcoin for a minimum of five years. The project intends to investigate different financial methods and incorporate Bitcoin into educational institutions. Other colleges and universities will follow UATX’s lead and investigate different, maybe more robust, finance structures. 

The investment fund will be safely stored in a joint custody vault provided by Unchained. Through collaborative marketing initiatives, events, guest lectures, and debates, the program will promote community participation while educating the public about the advantages of Bitcoin and its potential to transform the financial and educational landscape. University endowments serve as independent sources of income for academic institutions and are made up of cash or other financial assets that contribute to them.

Zentry Has Raised Money to Develop Its Metagame Layer With the Goal of Bringing Players From Different Platforms Together

With more than 16,000 ETH in its treasury, Zentry now has over $150 million, putting the firm in a strong position to progress the Metagame Layer’s development for upcoming web3 gaming and social experiences. The collaboration between Spartan Capital, Synergis, and LongHash, according to Jarindr Thitadilaka, will be essential in tying people’s online and offline activities to Web3’s financial incentive layers. 

Prosperity7 Invested $400 Million in Zhipu AI, a Chinese AI Start-up

The investment indicates Saudi Arabia’s readiness to fund an ecosystem that can prevent US hegemony in the field of artificial intelligence. The US has tightened export regulations on high-end semiconductors required to train and operate AI models, and it has imposed a ban on certain US investments in China’s artificial intelligence business. The Saudis don’t want Silicon Valley to dominate this field. The most recent investment is part of a larger partnership between Chinese technology companies and Saudi state investors looking for new markets and funding sources.

The post This Week’s Top Deals, Major Investments in AI, IT, Web3, and Crypto (27-31.05) appeared first on Metaverse Post.

Zero-knowledge interoperability infrastructure, Polyhedra Network (ZKJ) announced the release of the latest upgrade to its Expander toolbox—the open-source Expander Compiler Collection (ECC).

The Expander Compiler Collection (ECC) is designed to transform circuits written in gnark into an intermediate representation (IR) of layered circuits. This IR forms the basis for generating proofs using the Expander prover, allowing builders to easily create GKR proofs for gnark circuits.

At the core of the ECC is the optimization power of the GKR protocol, specifically designed for layered circuit representations. The ECC enables the conversion from R1CS to layered circuits, ensuring compatibility with existing community solutions and achieving advanced proving times. With the integration of ECC, the Expander toolbox is now fully compatible with current R1CS-based solutions, enhancing the future potential of cryptographic proof generation.

This technology significantly optimizes proof generation time while maintaining compatibility with existing solutions. Additionally, ECC’s compatibility with current circuit languages represents a key breakthrough, enabling builders to generate GKR proofs more efficiently. Furthermore, according to Polyhedra Network, invoking the compiler requires minimal code, typically fewer than ten lines, making the integration process straightforward.

Join the revolution with the open-source Expander Compiler Collection (ECC)! Our latest tool in the Expander ecosystem lets you seamlessly transform gnark circuits into efficient layered formats. It’s time to join the future of proof systems with ECC.https://t.co/4VdOLVQ0zW pic.twitter.com/EiKpv06PwF

— Polyhedra Network (@PolyhedraZK) May 31, 2024

Polyhedra Network Unveils Expander ZKP System And Its Comprehensive Roadmap

Polyhedra Network is developing zkBridge, a zero-knowledge (ZK) blockchain interoperability protocol created to facilitate cross-chain transactions. Since its roll out last year, zkBridge has enabled over 20 million cross-chain transactions and produced more than 40 million zero-knowledge proofs (ZKPs). Alongside zkBridge, Polyhedra Network has also created zkLightClient technology, integrated with the LayerZero protocol, enabling application developers to use ZKPs to secure cross-chain messages transmitted through the protocol.

The Expander is a ZKP system invented by Polyhedra Network. By combining the GKR protocol with polynomial commitment schemes, Expander achieves efficient operation with linear prover time, avoiding the high computational overhead typical of other proof systems. Recently, Polyhedra Network unveiled an extensive roadmap for Expander, aiming to support the future development of zkVM and zkML technologies.

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Layer 1 blockchain with a modular intent-centric access approach, Self Chain (SLF), announced the release of the tokenomics for its native token, SLF.

Within the Self Chain network, SLF facilitates transaction fee payments, DPoS validator staking, and participation in governance activities. Additionally, it operates as collateral within the ecosystem, incentivizes validators in fee markets, and is utilized for trading fees on internal exchanges.

The total supply of SLF tokens amounts to 360 million. The tokens will be released in accordance with unlock schedules, and all tokens will be eligible for staking.

Self Chain intends to distribute the total token supply, allocating 28% to validator nodes and growth sale, earmarking 25% for migration, dividing 20% evenly between equity investors and foundation nodes, allocating 19% to ecosystem development, and designating 8% for the team.

Migration allocation will proceed without unlocking and vesting. Equity investor allocation will experience 0% release upon mainnet launch, followed by a one year cliff with vesting every month over two years. Validator node and growth sale will see 0% release upon mainnet launch, followed by a 6-month cliff and subsequently vesting each month over one year.

Ecosystem allocation will have approximately 20% release upon mainnet launch, followed by vesting every month over three years. Foundation nodes will undergo permanent locked vesting, with coins locked indefinitely. The team allocation will have a 0% release upon mainnet launch, with a subsequent one-year cliff and vesting every month for over five years.

SLF TokenomicsCreating a strong and lasting blockchain isn't easy. It takes a lot of hard work, especially when it comes to making tokenomics that are fair and make sense. In this blog, we're going to break down the SLF token's tokenomics, explaining why they were set up the… pic.twitter.com/5WcMdIc5z9

— Self Chain (@selfchainxyz) May 31, 2024

Self Chain Introduces Second Incentivized Testnet And Completes Security Audit Ahead Of Mainnet Launch

Self Chain provides keyless wallet infrastructure service utilizing MPC-TSS/AA for multi-chain Web3 access. This system streamlines interactions with its intent-focused methodology, employing large language models (LLM) to interpret individuals’ intentions and identify effective pathways. Self Chain plans the launch of its mainnet for June 6th.

Recently, it has introduced its second incentivized testnet, aiming to improve testing and enhancements through increased participation from validators and stakers in delegated staking. Additionally, the platform has successfully completed a security audit with Beosin and addressed the findings identified during the audit process.

The post Self Chain Unveils SLF Tokenomics With 360M Total Token Supply, Prepares For Mainnet Launch In June appeared first on Metaverse Post.

Liquid staking solution for Proof-of-Stake (PoS) cryptocurrencies, Lido Finance (LDO), unveiled a new voting event on the Snapshot platform. Users are encouraged to participate in voting on four new proposals, namely Lido Alliance: Drop, Lido Alliance: Mellow Finance, Expanding the Simple DVT Module, and Negative Rebase Sanity Check with Pluggable Second Opinion. All four voting events will remain active until 15:00 UTC on June 6th.

The Lido Alliance: Drop proposal seeks to accumulate votes for integrating the cross-chain liquid staking protocol, Drop, into the Lido Alliance. Once onboarded, Drop will offer Ethereum alignment or decentralized validation, use cases for stETH adoption, the option to apply to Drop’s validator onboarding, adherence to high industry security standards, and allocation of 100 million DROP tokens to the Lido Alliance legal entity after the Token Generation Event (TGE).

Another proposal suggests integrating Mellow Finance, a protocol enabling permissionless liquid restaking token (LRT) creation based on unique risk profiles and curation models, into the Lido Alliance. This new integration with Mellow Finance is poised to benefit the entire Lido ecosystem and stakers, offering stETH as a comprehensive solution for delegation to operators and various AVSes. The integration could potentially boost stETH liquidity and position it as a key LST vehicle for onboarding to Mellow LRT.

Four new votes are live on Snapshot:1⃣ Lido Alliance: Drop2⃣ Lido Alliance: Mellow Finance3⃣ Expanding the Simple DVT Module4⃣ Negative rebase sanity check w/ pluggable second opinionSee below for more info on how these four proposals can shape Lido. pic.twitter.com/mdfU7J5DVv

— Lido (@LidoFinance) May 30, 2024

Lido Alliance Proposes Expansion Of Simple DVT Module and Enhanced Protocol Security Measures

Furthermore, the Lido Alliance has proposed expanding the Simple DVT Module. This vote encompasses two main steps: enabling the creation of larger clusters in terms of the number of operated validators, which would yield a higher reward share to the DAO compared to normal Simple DVT clusters, and increasing the maximum share limit of the module to 4% from the current 0.5%. On-chain actions to raise the limit will be implemented during a subsequent on-chain vote, contingent upon its approval.

Lastly, the Lido Alliance has put forward a proposal aimed at enhancing protocol security by mitigating potential malicious negative rebase manipulations. The proposal suggests modifying the existing AccountingOracle sanity check, which presently restricted reporting more than a 5% decrease in the Consensus layer validator balance and withdrawal vault balance daily. The proposed adjustment would implement a sanity check limiting reductions to approximately ~3.4% over an 18-day window, equivalent to a decrease of 1.101 ETH per validator within the specified timeframe. Should the DAO grant approval, the proposed new sanity checks will be incorporated into a subsequent on-chain vote for implementation within the Lido protocol.

Lido Finance operates within the Ethereum ecosystem, renowned for its user-friendly approach to cryptocurrency staking. It provides distinctive accessibility, liquidity, and security features for participants engaged in Ethereum staking activities.

The post Lido Finance Unveils 4 New Proposals, Urges Users to Votes Until June 6 appeared first on Metaverse Post.

SANTA CLARA, California, May 31st, 2024, Chainwire

CARV, the largest modular data layer for gaming and AI, announced today a strategic investment from Animoca Brands, the company advancing digital property rights for gaming and the open metaverse. In addition, Animoca Brands will become an operator of CARV’s Tier 6 verifier nodes in support of CARV’s decentralization of its data layer. The partnership will facilitate deeper integration and long-term synergies as they expand their respective gaming and open metaverse ecosystems.

Founded as a gaming credential platform, CARV has evolved into a modular data layer protocol with strong traction from over 2.7 million users, 790 integrated games, and partnerships across major chains like Linea, BNB Chain, zkSync, and Ronin. The company has come good on its gaming credential roots by initiating ERC-7231, the standard approved by the Ethereum Community that binds multiple Web2 and Web3 identities to a single NFT, and partnering with the likes of Google Cloud and Netmarble’s web3 arm, MARBLEX.

To support rapid scaling and growth, CARV is introducing community-operated verifier nodes that scrutinize outcomes at each protocol layer. These nodes are crucial for maintaining decentralization, security, and equitable value redistribution as the network expands. CARV aims to accelerate user onboarding and adoption to grow the pie for all stakeholders in its user-owned data ecosystem through partnering with Animoca Brands as a strategic node operator, relying on their experience and expertise in operating various blockchain infrastructures. Node holders will have the option for one-click delegating to Animoca Brands for node operations, ensuring network uptime and robustness.

The rewards from node operations will initially be in the form of $veCARV, the staked version of CARV tokens. This also allows Animoca Brands and its portfolio of more than 400 gaming and metaverse companies to participate in CARV’s Infinite Play, a token-lock voting bribery system (CURVE & CONVEX model for gaming) for governance voting. 

Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “CARV’s mission to advance data self-sovereignty and the interoperability of personal assets in both Web2 and Web3 fits perfectly with the work we do at Animoca Brands. This strategic partnership with CARV will amplify our efforts to pioneer a more equitable framework via new asset classes, economies, and digital property rights.”

“This is a multi-faceted alliance between two leaders in their respective domains,” said Victor Yu, co-founder of CARV. “Through Animoca Brands’ strategic investment, its support as a node operator, and collaboration across our gaming ecosystems, we are taking a comprehensive approach over many years to come. By leveraging our modular data layer with Animoca Brands’ far-reaching ecosystem, we aim to unlock new frontiers in user-owned data economies.”

For more about CARV’s highly anticipated node sale, set to begin on June 3, 2024 for whitelisted participants and June 5, 2024 for the public, users can visit https://node.carv.io.

About CARV

CARV is the largest modular data layer for gaming, AI, and ∞, pioneering a future where data generates value for all. As the sole author of ERC7231, CARV has built CARV Protocol, the modular data layer which has integrated with 40+ blockchains, Google Cloud, and other identity, storage, infra and AI providers. CARV’s flagship gaming superapp, CARV Play, is integrated with more than 790 web2 & 3 games and serving 2.7M+ gamers. CARV is backed by top-tier funds and ecosystems such as Temasek’s Vertex Ventures, ConsenSys (developer of Metamask), Tribe Capital, IOSG Ventures, Animoca Brands, HashKey Capital, Infinity Ventures Crypto, MARBELX, and more. For more information, users can visit carv.io.

About Animoca Brands

Animoca Brands (ACN: 122 921 813), a Deloitte Tech Fast winner, a Fortune Crypto 40 company, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, PHANTOM GALAXIES, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, SPORTPASS, PIXELYNX, WePlay Media, Gryfyn, and Azarus. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 400 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, and many more. For more information users can visit www.animocabrands.com or follow on X (Twitter), YouTube, Instagram, LinkedIn, Facebook, and TikTok.

Contact

Co-Founder & COOVictor YuCARVmedia@carv.io

The post CARV brings on Animoca Brands as strategic investor and node operator appeared first on Metaverse Post.

Mpost, the leading news agency covering Web 3, artificial intelligence, meta-universe, and crypto, is thrilled to announce Hack Seasons Brussels, scheduled for July 7th. This highly anticipated conference is set to surprise the tech community, gathering cutting-edge ideas and innovative technologies to foster creativity within the sector of decentralization.

A Hub of Innovation and Learning

Hack Seasons Brussels hopes to be the most spectacular occasion to date. This conference will act as a hub for novel concepts and technical innovations based on the excellent reputation of earlier events in Seoul, Istanbul, Singapore, and Dubai.

The program has a dynamic, two-sided structure that aims to provide every participant with a thorough and interesting engagement. With instructional sessions and talks, the Main Scene will highlight the most recent innovations in a decentralized world. The Tech Scene will delve further into technical advancements with interactive workshops and in-depth seminars.

An Opportunity to Learn from the Experts

Attendees can look forward to hearing from industry experts at the forefront of technology. Topics such as DePIN, Layer 2 solutions, and ZK proof will be explored, providing invaluable insights and fostering a culture of education, networking, and collaboration. Guests will be engaged in the hacker culture, boosting the progress of decentralized ledgers.

Growing on the Prior Conference’s Excellence

The wonderful feedback that Hack Seasons Dubai received highlights how important these events are. Nearly 2000 people attended the Mpost and Cryptomeria Capital-organized event in Dubai, which included crypto fans, programmers, and entrepreneurs. The conference hosted talks about ZK technology, modularity in decentralization, DePIN, and other topics.

With engaging stands, panel talks, and opportunities for collaboration, Hack Seasons Dubai was a huge success. This conference lays the groundwork for a further appealing Hack Seasons Brussels.

Join Us in Brussels

Don’t miss the chance to be part of this inspiring conference. Mark your calendars for July 7th, and join us in Brussels for a day of learning, networking, and innovation.

The post Mpost Announces Hack Seasons Brussels: A Premier Event Uniting Innovators in Web3, AI, and Finance on July 7th appeared first on Metaverse Post.

Decentralized identity protocol zCloak Network revealed that its Cloaking Layer, a full-chain zero-knowledge proof (ZKP) verification layer product, has been awarded a $100,000 grant from the DFINITY Foundation, a supporter of the Internet Computer (ICP) blockchain.

The fresh funding will enable zCloak Network to introduce Cloaking Layer, an efficient, cost-effective, and secure zero-knowledge (ZK) verification infrastructure. This infrastructure will substantially decrease the cost of ZK verification and offer developers full-chain coverage capabilities.

Cloaking Layer operates on the Internet Computer. It facilitates smooth interoperability and leverages native threshold ECDSA/EdDSA signatures to guarantee the precise and trustless delivery of ZK verification outcomes. This new infrastructure aims to expedite the implementation and scalability of Web3 projects by offering a “plug-and-play” solution that is compatible with various blockchains. This ensures that applications can verify ZKPs regardless of the underlying technology.

Furthermore, Cloaking Layer will offer ZK-as-a-Service to builders and projects seeking to integrate privacy protection functionalities and increase system trust and security. Cloaking Layer will democratize access to advanced cryptographic techniques, enabling developers without extensive cryptographic expertise to incorporate privacy and security functionalities. This accessibility will promote innovation and adoption in sectors that demand robust data protection measures, including finance, healthcare, and public services.

We're thrilled to launch our latest product:Cloaking Layer–a ZK proof verification and interconnection infrastructureTo democratizing ZK tech for everything and everyoneTake a peek at the latest blazingly-fast and ultra-low cost solution: https://t.co/V6tHvJGKvQ…

— zCloak Network (@zCloakNetwork) May 31, 2024

ZCloak Network And LongoAI Collaborate To Integrate ValidOne Protocol Into LingoPod AI Translation Device

zCloak Network represents a Web3 real-world identity (RWI) infrastructure crafted with a privacy-centric approach. Utilizing ZKPs, zCloak Network guarantees user data sovereignty. By transitioning data storage and computation from centralized servers to user devices, it is reshaping interactions within the digital realm. Presently, zCloak Network provides multiple solutions, including zkID Card Center, STARK-Based zkVM, and ValidID.

Recently, the project has established a strategic partnership with LongoAI. This partnership enables LongoAI to utilize zCloak Network’s ValidOne protocol in the pre-sale of its AI hardware product, LingoPod. LingoPod is an AI translation device that operates on DePIN technology, supporting Speak-to-Earn and Speak-to-Train functionalities.

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Liquid staking platform, Stader Labs introduced a proposal called “SD Token Economics Restart.” This initiative is intended to revamp the SD tokenomics and will be followed by the expansion of  Stader Labs’ product offerings.

The proposal aims to address the issues of low token liquidity and high fully diluted valuation (FDV). To tackle this, Stader Labs plans to burn 20% of its total token supply, which equates to 30 million SD tokens. This action will decrease the total supply from 150 million to 120 million tokens. The DAO has approved this “Mega Burn” with over 99% quorum, and it is scheduled to be carried out on June 25, 2024.

Stader Labs will also enhance the circulating supply by implementing SD token buybacks and reward capping. Specifically, 20% of Stader Labs’s revenue will be allocated for quarterly buybacks. Additionally, Stader Labs intends to adjust its reward emissions to ensure that the growth in Total Value Locked (TVL) outpaces the increase in rewards.

Stader Labs will also enhance the utility of the SD token by utilizing it in a utility pool to offer insurance against the slashing of its licensed node operators. These operators will provide their services for a minimal fee.

The upcoming product expansion will involve Real World Assets (RWA) and Bitcoin staking, which is expected to boost both market presence and business growth.

$SD holders You asked, and we heard!Presenting you the multi-stage SD Tokenomics Reboot backed by 4 growth levers,Taking Stader on its 10x growth journey.As always, we would love your feedback. https://t.co/Jw7N5BIhi0 pic.twitter.com/b6sgsZM4wv

— Stader Labs (@staderlabs) May 30, 2024

Stader Labs Registers Over $700M In Total Value Locked And Becomes Largest Liquid Staking Token On Polygon And Hedera

Stader Labs is a non-custodial, smart contract-based staking platform created to enable easy discovery and access to staking solutions. The project develops staking middleware infrastructure for Proof-of-Stake (PoS) networks, serving retail cryptocurrency users, exchanges, and custodians.

Over the past three years, Stader Labs has experienced significant growth, achieving over $700 million in TVL. Originating from a hackathon, it has become the largest Liquid Staking Token (LST) provider on Polygon and Hedera. ETHx, Stader Labs’s LST on Ethereum, saw a growth of over 600% within its first year and now ranks fourth in TVL among ETH LSTs on EigenLayer.

The SD token saw a modest increase earlier today, reaching up to $0.69 before retracing. As of the writing time, it is trading at $0.68, reflecting a decrease of approximately 0.20% over the past 24 hours, according to data from CoinMarketCap.

The post Stader Labs Reveals ‘SD Tokenomics Reboot Proposal’ To Tackle High FDV, Optimize Circulating Supply, And Enhance SD Utility appeared first on Metaverse Post.

This article is the third in our series on understanding the value of crypto tokens. The series aims to help the community navigate the ever-growing token landscape across various sectors, such as blockchains, L2s, Defi, GameFi, NFTs, memecoins, and more.

The previous installments included:

Description of the coordinational value in decentralized networks and how token holders unlock this value via their utility functions;

Introduction to the Origins of Value concept and Value function allowing to get an initial understanding of sources of value captured by a token.

Today, we present the more complex concept for understanding the value of tokens—the Value-Capturing mechanism. Value-capturing mechanisms help us understand complex token models with different value-capturing and risk factors applied to token ownership.

Introduction to the Value-Capturing Mechanisms (VCMs)

We remind you that The Origin of Value (OoV) is a token function that allows a token holder to share the system’s value. Outside the L1 networks, the most common examples are Future Cashflow and Governance.

But what if the token simultaneously has several Origins of Value in its economic design?The Value-capturing mechanism concept aims to describe the interactions of origins of value and their influence on each other, conveniently describing a multi-functional token model as a result.

A Value-Capturing Mechanism (VCM) is an economic mechanism composed of interacting origins of value, covering value-capturing and coordination requirements.Let’s explore a simple example: a typical token of a dePIN network. DePIN networks are infrastructure networks composed of physical infrastructure (nodes) that offer services to end-users, such as a decentralized VPN network:

The end-users order the VPN service (connection) and pay for it;

The node runners host dedicated servers, allowing users to establish a VPN connection, receive payment from end-users, and possibly receive additional incentives (rewards) from the network.

A robust network operation requires coordinating node runners (VPN providers) in a specific way. Node runners need to make a security deposit in DePIN network tokens that can be slashed in case of misbehavior—attacks on the network, failing service on purpose, or not maintaining the necessary uptime.

Thus, the token of a DePIN network offers to receive a value from OoV: Future Cashflow while simultaneously requiring exposure to slashing risks OoV: Risk Exposure and constantly providing a service to end-users OoV: Conditional Action.

The Value-Capturing mechanism for a proposed DePIN network token is a Work Token, containing a Future Cashflow as a positive part of the value function and Risk Exposure/Conditional Action as a negative one.

The Landscape of Value-Capturing Mechanisms (VCMs)

Since there are eight Origins of Value, the number of Value-Capturing Mechanisms that are combinations is much bigger: 

Theoretically, there are 2^8 – 1 = 255 possible mechanisms;

Practically, the number is less since some combinations seem to be economically unstable;

There are five trivial mechanisms containing only one Origin Of Value.

Below, we present trivial value-capturing mechanisms with some examples:

Note that a trivial Governance mechanism doesn’t exist since capturing value from the governance process requires active participation, which requires Conditional Action (participation in voting) from the token holders.

Examples of non-trivial Value-Capturing Mechanisms that have wide practical usage include the following ones:

Work Token: Future Cashflow, Risk Exposure, and Conditional Action. The successfully performed conditional action by the token holder –  (Service provision) unlocks the Future Cashflow while being exposed to the slashing risks.

Examples: Livepeer, PowerPool.

Consensus: Future Cashflow, Risk Exposure, and Conditional Action; it is distinguished from the Work Token since it is dedicated to a specific type of Job – the consensus regarding the network state, which differs from Work-token-based networks.While Work token holders provide services to specific users, Consensus token holders execute one job for all blockchain users at once—attesting new blocks and cooperatively negotiating a correct blockchain state.

Examples: Ethereum, Polkadot, Cosmos, Gnosis Chain.

Discount Token: Future Cashflow and Conditional Action. The saved amount can be considered a cash flow when paying for services with a token. The size of the cash flow depends on the number of services used. The more services are used, the more money is saved due to discounts, corresponding to a larger cashflow.

Examples: BNB (Binance coin), GT (Gate.io token), considering the corresponding CEX discounts on trading fees. Note that these assets also have other functions related to the blockchain ecosystems and launchpads developed by Binance and Gate.

Vote-escrowed governance: Future Cashflow, Governance, Risk Exposure, and Conditional Action. Curve pioneered vote-escrowed governance, which was adopted by dozens of other projects, including leading ones like Balancer, Frax, Aerodrome, Pendle, and many others (please visit https://www.defiwars.xyz/wars).

The idea of vote-escrowed governance comes down to: 

Enabling governance and protocol fee distribution only for token holders, locking their tokens in a special contract for a specified amount of time.

Aligning long-term locks of token holders with bigger voting power, distributing protocol fees, and sometimes, additional incentives like a liquidity mining boost.

How it works: token holders lock their tokens into a special veContract. The lock duration starts from several days and can be as long as four years. In exchange for locking a portion of tokens for a specified time period, the token holder receives a governance right, protocol fee distribution, and additional monetary incentives such as a bigger liquidity mining yield (a boost).

Thus, a token has four sources of value: Future Cash Flow, Governance, Risk Exposure, and Conditional Action:

Note that Risk Exposure appears because long token locks mean that the tokens are non-transferable in the case of any event affecting the protocol, which means that the token holder is exposed to this type of risk for the entire lock period.

In vote-escrowed protocols, governance often provides additional monetary value to veToken holders via bribing incentives. Bribes are provided by third-party protocols aiming to boost rewards allocations (and therefore APY) to pools containing their assets.

What’s next?

Value-capturing mechanisms provide a next-level understanding of tokens’ value-capturing capabilities, extending the Origins of Value concept and demonstrating their interrelationships within a token model.

The next topics will be Value-Capturing Implementation Patterns (VCIPs), which show the different code implementations of mechanisms, and the Periodic Table, which summarizes all existing mechanisms in an easy-to-use table.

The post Why Do Cryptos Have Value? Understanding Value-capturing Mechanisms of Digital Assets appeared first on Metaverse Post.