Blockchain Climate Tech Company Secures Funding for Data Measurement and Forecasting
Tuesday, July 30, 2024 1:00 PM
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Raad Labs, a climate tech company, has secured a $2.25 million funding round to enhance climate data measurement and forecasting. The blockchain-enabled network, led by CoinFund and other investors, monitors weather patterns, greenhouse gas emissions, and soil degradation. Raad Labs aims to provide businesses and governments with high-quality data to prevent climate disasters cost-effectively. With the global forecasting market expected to grow, the company’s technology has applications in various sectors, including AI and methane detection.
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CUDOS and ASI Alliance Complete Successful Token and Blockchain MergerToday marks a significant milestone in the blockchain space as CUDOS and the Artificial Superintelligence (ASI) Alliance have successfully completed their token and blockchain merger. The CUDOS mainnet has officially halted at block height 12,385,627, meaning it will no longer produce blocks. In this process, all data from the final state of CUDOS was exported, and the Fetch.ai (ASI) chain underwent a software upgrade to incorporate all CUDOS data, facilitating the migration of balances. Notably, all CUDOS token holders and delegators have successfully transitioned, along with 30 validators, bringing the total validator count on Fetch.ai’s mainnet to 91.
With the merger finalized, CUDOS holders can now view their new $FET tokens on the Fetch.ai (ASI) mainnet through platforms like Mintscan. To verify the correct amount in their vesting schedule, users can check an active CUDOS explorer, where their $FET balance should reflect the amount divided by 118.344. For further assistance or inquiries, stakeholders are encouraged to reach out through the official channels of CUDOS or ASI, including their respective Discord servers, especially for questions related to the merger and balance conversions.
The collaboration between CUDOS and the ASI Alliance has been ongoing, and this merger paves the way for numerous exciting updates that are set to be announced soon. Both teams are committed to keeping the community informed, so stakeholders should stay tuned for upcoming developments as they continue to enhance their offerings in the blockchain ecosystem.
a day ago
The Challenges and Future of DePIN in Blockchain TechnologyDecentralized Physical Infrastructure Network (DePIN) is emerging as a significant narrative in the blockchain space, often described as the "Internet of Things (IoT) with a blockchain twist." These projects aim to connect and manage physical devices, such as energy grids and wireless networks, which generate vast amounts of data. However, the current blockchain infrastructure struggles to keep pace with the demands of DePIN applications. For instance, Helium, a notable DePIN project, transitioned from its own blockchain to Solana in April 2023, yet even Solana's high throughput capabilities are insufficient for real-time computations required by many DePIN projects.
The reliance on offchain computation is a common theme among DePIN projects. As Shuyao Kong, co-founder of MegaETH, points out, existing DePIN applications are not fully onchain due to inefficiencies and costs. While some projects may use blockchain as a marketing strategy, the reality is that they often utilize a hybrid approach, processing computations offchain and recording results onchain. This is particularly critical for executor devices, which require immediate responses, unlike sensors that can tolerate some latency. The use of blockchain in DePIN primarily serves to coordinate activities among numerous devices in a trustless manner, adding a financial incentive layer through token rewards for contributors.
Looking ahead, the future of DePIN projects will likely involve a balance between onchain and offchain processes. Current blockchain architectures are not equipped to handle the real-time demands of DePIN applications fully. However, as scalability improves, we may see an increase in onchain functionalities. Experts suggest that future DePIN projects will evolve towards modular architectures tailored for specific computational needs, such as real-time processing or large-scale data storage. This evolution is essential for the successful integration of blockchain technology into the DePIN ecosystem, ensuring that it meets the diverse requirements of various applications.
a day ago
IoTeX Price Predictions: A Promising Future in the Crypto MarketThe IoTeX coin, currently priced at $0.03817847, is gaining attention as a potential multibagger in the cryptocurrency market. With the crypto landscape showing signs of bullish evolution in 2024, IoTeX (IOTX) is projected to reach a price high of $0.0760 if the positive sentiment continues. However, if the market fails to adopt the technology widely, the price could drop to a low of $0.030. The platform, which focuses on machine economics, supports a range of devices from smart gadgets to autonomous vehicles, making it a significant player in the Internet of Things (IoT) sector.
Looking ahead to 2025, the price of IOTX could climb to $0.099, contingent on successful network integrations and user adoption. Conversely, if the platform struggles to attract users, the price may fall to $0.042. The forecast for the following years suggests a steady increase, with potential highs reaching $0.356 by 2030. This optimistic outlook is based on the assumption that IoTeX will continue to innovate and enhance its interoperability, which is crucial for its long-term success in the competitive crypto market.
Historically, IoTeX has had a volatile journey since its mainnet launch in 2019, experiencing significant price fluctuations. After an initial surge, the price fell drastically before gradually recovering. The project has shown resilience, and with the growing importance of IoT technologies, investing in IOTX appears to be a promising opportunity for long-term gains. As the market evolves, the performance of IoTeX will be closely monitored by investors looking to capitalize on its potential growth.
a day ago
China Mobile's Migu Partners with Phoenix for AI-Generated Content in Metaverse and GamingOn October 28, 2024, in Hong Kong, China Mobile's digital content subsidiary, Migu, announced a strategic partnership with Phoenix, a decentralized AI infrastructure platform. This collaboration aims to harness scalable AI-generated content (AIGC) for applications in the metaverse and gaming sectors. As the largest wireless carrier in China, with over 1 billion users, China Mobile's Migu serves a vast audience of over 900 million across its diverse offerings, including video streaming, gaming, and music. The integration of AIGC capabilities is expected to significantly enhance Migu's focus on innovation in immersive digital experiences and interactive virtual environments.
The development of AI-powered content for the metaverse and gaming presents unique challenges, necessitating a combination of advanced AIGC models for various media types, including images, 3D models, and videos. Phoenix's DePIN-based elastic AI compute layer, known as SkyNet, along with its suite of ready-to-use AIGC modules within Phoenix GenAI, provides an optimal solution. This technology enables real-time AIGC capabilities, such as text-to-image generation, AI-driven 3D modeling, and the creation of interactive non-player characters (NPCs) utilizing large language model (LLM) chatbot technology.
Furthermore, Phoenix GenAI's open API platform as a service (PaaS) layer allows Migu's extensive app ecosystem to access and customize AI-generated content on a large scale, catering to its massive user base. One of the promising applications of this partnership includes the creation of AI-generated NFTs within Migu's metaverse applications, showcasing the potential of AIGC in revolutionizing digital content creation and user engagement in the evolving landscape of virtual environments.
2 days ago
Emerging Blockchain Solutions: Qubetics Joins Established GiantsThe blockchain domain is ever-evolving, with established giants and innovative newcomers competing to deliver scalable, secure, and efficient solutions. In this competitive space, networks like Monero, Bittensor, and Tezos have each carved unique positions, addressing specific challenges and enhancing blockchain utility. A fresh contender, the Qubetics $TICS, has recently entered the arena, offering an ambitious vision of interoperable and autonomous blockchain. Here’s a look at what sets these networks apart and why they could be poised for major growth.
Qubetics’ standout offerings include QubeQode IDE, a development environment with drag-and-drop capabilities that make creating blockchain apps easy, even for users with limited coding skills. This integrated development environment reflects Qubetics’ commitment to lowering barriers in blockchain development. The network also leverages AI-driven tools to streamline the coding and deployment process, allowing developers to build applications quickly and efficiently. In Phase 5 of its presale, Qubetics has raised over $1.4 million, with $TICS tokens priced at an attractive $0.015972. Over 140 million tokens have already been sold, and with prices rising 10% in the next phase, early investors have a narrow window to join this revolutionary project.
Each of these projects—Monero, Bittensor, Tezos, and Qubetics—addresses unique aspects of blockchain functionality. Monero remains a leader in privacy-focused transactions, Bittensor decentralizes AI development, and Tezos is a resilient, self-amending blockchain. However, Qubetics’ focus on blockchain development places it at the forefront of a new wave of blockchain solutions. As blockchain technology advances, these platforms collectively contribute to a future rich with possibilities for decentralized applications and digital assets. Qubetics, in particular, offers a rare chance for early investment with life-changing potential.
2 days ago
Bitcoin ETFs Near 1M BTC as Market Developments UnfoldIn recent developments within the cryptocurrency market, Bitcoin Exchange-Traded Funds (ETFs) have reached a significant milestone, nearing 1 million BTC under management. This surge has seen BTC ETFs gain an impressive $188 million, while Ethereum ETFs have also seen a modest increase of $2 million. Meanwhile, Tesla's stock has soared, reflecting a growing interest in cryptocurrencies among traditional investors. Additionally, Microsoft is set to vote on a potential investment in Bitcoin, although the board has expressed opposition to the move, indicating a cautious approach towards crypto investments in corporate governance.
On the regulatory front, Pennsylvania has passed a bill aimed at protecting crypto rights, signaling a positive shift for the industry in the state. However, concerns have arisen as reports suggest that a US crypto wallet may have been exploited, highlighting the ongoing security challenges within the sector. In terms of innovation, Kraken is preparing to launch its own Ethereum Layer 2 solution, which could enhance transaction speeds and reduce costs for users. Furthermore, Toly has announced that AI will leverage crypto rails to manage various projects, showcasing the intersection of technology and finance.
In other notable news, Uniswap has launched a bridging service connecting nine different chains, facilitating smoother cross-chain transactions. Ankr has integrated the TON blockchain into its Web3 API, expanding its service offerings. Meanwhile, a Binance executive has departed from Nigeria, reflecting the challenges faced by crypto exchanges in navigating local regulations. Lastly, the city of Lugano has unveiled a statue of Satoshi Nakamoto, celebrating the legacy of the Bitcoin creator and the impact of cryptocurrencies on the global financial landscape.