🤯 Artificial Superintelligence powered by Blockchain

🎣 w3.catch-of-the-week cw13

AuthorAuthor

Vicktoria Klich & Quinn Wilhelm
March 29, 2024

GMGM and welcome to w3.catch-of-the-week, where we serve you the latest information that's as refreshing and rewarding as a glass of freshly squeezed orange juice that's been filtered to retain only the best bits.

Web3 has picked up speed once again, and with it comes not only new use cases but above all new scams.

It is very difficult to assess who is credible and who is not, especially in times when one memecoin after the next is going through the roof.

However, the Financial Conduct Authority in the UK now wants to actively intervene: It has announced that it will punish influencers who publicly advertise tokens without risk disclosure and misleading information.

So we hopefully get less of this:

🧠 Artificial Superintelligence Alliance
💸 Huge Funding Figures
🔥 The hype around Coinbase Layer 2 Base
💃 Bitcoin Pre-Halving Liveshow
🎸 $4 Billion Opportunity of Music Industry
🪙 How to spot poor Token-Design

Decentralized AI Development - The new Alliance of Fetch.ai, Ocean Protocol & Singularity.net

The biggest crypto-token merger is coming: Three projects unite for ✨Artificial Superintelligence Alliance✨

This Wednesday, Fetch.ai, Ocean Protocol, and Singularity.net announced their token merge and alliance. This collaboration marks the creation of the Artificial Superintelligence Alliance, a new force in decentralized AI.

About the Projects:

  • Fetch.ai is a blockchain platform aiming to automate the digital economy through AI agents. It enables smart infrastructure and offers AI solutions across various sectors.

  • Ocean Protocol provides tools for people and businesses to exchange and monetize data in a secure, privacy-preserving way. It rethinks how data is shared and used, while making big data accessible for AI training without sacrificing user privacy.

  • SingularityNET: Founded with the vision of fostering the emergence of benevolent Artificial General Intelligence, this is a platform that allows various AI services to communicate and transact.

Bigger Picture:

“Our mission with this merger is to combine our platforms to ensure ethical and transparent AI that facilitates direct interactions between developers and users to bypass the traditional gatekeepers of centralized authorities.” - Humayun Sheikh, Fetch.ai CEO & Founder

You might ask right now: What happens to the existing Token?

How do you feel about it - Are you bullish or bearish on $ASI?

$75 million into 1kx’s new crypto fund - Marc Andreessen, Galaxy Digital, and Accolade Partners invest in 1kx's new fund amid crypto market revival.

$245 million - Just 8 days after its launch, Blackrock's tokenization fund $BUIDL has already raised over $245 million from investors.

$35 million - the startup 0G Labs has received funding to develop what they call a modular AI blockchain.

$28 million Espresso raised $28 million in a Series B round led by a16z crypto to develop a marketplace for shared sequencing, enhancing interoperability and composability across Layer 2 rollups.

😎 Base Season is Here

Coinbase's Layer 2 Base continues to gain momentum - Find out why everyone is talking about it and why the TVL is sky-rocketing.

As reported last week, the successful implementation of the Ethereum Dencun update has reduced Ethereum Layer 2 transaction fees by 80%+, including Base.

Transaction fees are one thing, but the other thing that traders appreciate about chains such as Solana is fast transaction execution.

Base can also keep up with Solana in this respect and is sometimes even faster:

But what else makes Base so popular? One important aspect seems to be its publisher Coinbase - because the broker is the most popular for retail crypto investors alongside Binance.

One of the main drivers is usability. Coinbase is known for being intuitive, user-friendly and clear.

So it is hardly surprising that Coinbase also makes it relatively easy for users of the broker app to access their own Web3 wallet. This in turn has the Base Network selected by default, so users will often get in touch with Base without realizing it.

The turnaround: With almost every new hyped Blockchain comes the dream of getting rich quick through memecoins.

After the memecoin craze originally spilled over from Ethereum to Solana, liquidity now seems to be shifting to Base. In figures, this means a daily trading volume of over 700$ million and over 100k daily users.

Another interesting fact is that Base does not have its own token and none has been announced yet. To be continued…

Bitpanda Bitcoin Pre-Halving Live Show

The Bitcoin Halving is just around the corner - which is why Bitpanda has invited me to join their “Pre-Halving Live Show” next week in Vienna.

Before diving into the event details, let's address the obvious question:

What is a Bitcoin Halving, and why is it important?

  • Every 210,000 blocks, or roughly every four years, the rewards for Bitcoin miners are halved. This mechanism is designed to reduce the number of new coins entering the system.

  • It controls inflation and ensures Bitcoin's scarcity, supporting its long-term value. For investors and crypto enthusiasts, understanding this event is crucial for strategic planning and market analysis.

  • Historically, Halving events have led to significant market movements, with the price of Bitcoin showing notable increases post-Halving (though markets are influenced by various factors, so this is not the only trend to rely on).

2024 marks the first year where this event is also interesting for a broader audience, especially since the introduction of the Bitcoin Spot ETF has attracted many retail investors to make their first investments into crypto.

This is why we need more education, specifically in easy-to-understand language… and maybe a little playfulness?

On April 4th at 6 PM, you can join us live on YouTube or Twitch. We'll have a team representing proof of work against proof of stake (which I'm a part of), answering quizzes, playing games, and debating Bitcoin and the broader perspective of cryptocurrencies.

The founders from Bitpanda will also join to share their expertise.

And your role? You need to vote for the best team.

(FYI: The show will be in German).

The Potential of Web3 Technologies in the Music Industry 🎸

The music industry faces a $4 billion opportunity.

I would like to introduce you to another member of our w3.hub community: Phil, CEO of Amuzed.io.

Phil published what I think is a super interesting article about the current status quo of the music industry and the potential of suprfans. I interviewed him about it so that you wouldn't miss out on it.

Emphasizing the need for new revenue streams, he discussed how Web3 could provide solutions by making every fan a Superfan.

Phil also spoke about the challenges the industry faces in adopting these new technologies and highlighted the importance of usability.

Finally, he pointed out the different approaches that the major players in the music industry are taking towards Superfans and the potential for more inclusive, collaborative efforts to reshape the current landscape.

How do well-designed tokens differ from poor ones? 🧐

In the following video, Angela Co-Founder of the Token Engineering Academy explains how you can recognize well-designed tokens.

Vicky & Marvin are Web3-obsessed. That's why they host a weekly podcast featuring updates and cool stuff.

Don't miss out on any news, updates, & vibes anymore. Discord is so yesterday. Let's meet on Telegram.