Chuyên mục lưu trữ: Công nghệ

Tin tức công nghệ blockchain là tin tức về các loại công nghệ, thế hệ Blockchain ở Việt Nam và trên thế giới.

Công nghệ Blockchain là một cơ chế cơ sở dữ liệu tiên tiến cho phép chia sẻ thông tin minh bạch trong một mạng lưới kinh doanh. Cơ sở dữ liệu chuỗi khối lưu trữ dữ liệu trong các khối được liên kết với nhau trong một chuỗi. Dữ liệu có sự nhất quán theo trình tự thời gian vì bạn không thể xóa hoặc sửa đổi chuỗi mà không có sự đồng thuận từ mạng lưới.

Bạn có thể sử dụng công nghệ blockchain(chuỗi khối) để tạo một sổ cái không thể chỉnh sửa hay biến đổi để theo dõi các đơn đặt hàng, khoản thanh toán, tài khoản và những giao dịch khác. Hệ thống có những cơ chế tích hợp để ngăn chặn các mục nhập giao dịch trái phép và tạo ra sự nhất quán trong chế độ xem chung của các giao dịch này.

Công nghệ

Blockchain gaming startup Oasys scores funds from SBI Holdings

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The latest deal in the blockchain space will mesh old-school finance with next-generation gaming.

SBI backs Oasys

SBI Holdings Inc., founded in 1999, is touted as one of the largest financial conglomerates in Japan. It specializes in traditional finance (aka tradfi), including asset management and venture capital.

Over the past few years, the firm started integrating blockchain technology into its services. It even developed its own cryptocurrency exchange called SBI VC Trade.

As of Aug. 29, a new segment is being added to its portfolio via a partnership with the Oasys blockchain network: gaming.

The Tokyo-based firm invested an undisclosed amount in Oasys, promising to enhance “synergies” with the game tokens on the blockchain.

“From its inception, [Oasys] has included several globally renowned major game development companies as initial validators,” SBI CEO Yoshitaka Kitao said in a blog post confirming the deal.

Earlier in the year, SBI and Oasys had partnered on an NFT initiative. But it’s worth noting that NFTs, or non-fungible tokens, are plummeting in value.

In contrast, Oasys shows more promise by making inroads with video game companies. After all, the Oasys network is affiliated with household names like Sega and Ubisoft.

In February, Oasys partnered with Com2uS to integrate several game franchises, including ‘Summoners War: Chronicle’ and ‘The Walking Dead: All Stars,’ onto its network.

Since 2021, Singapore-based Oasys raised about $20 million throughout three funding rounds.

In addition to SBI, Hyperithm — a Tokyo- and Seoul-based digital asset financial service provider backed by Coinbase, Samsung, Kakao and Hashed — also invested an undisclosed amount.

Tradfi’s new territory

This isn’t the first time SBI has expressed interest in digital tokens or blockchain technology.

In 2016, SBI created a new company called SBI Ripple Asia, which expanded the use of Ripple (XRP) products throughout China, Korea, Japan and Taiwan. It was also a part of the consortium that launched the R3 blockchain initiative.

And SBI is just one of several old-school finance firms dipping their toes in the burgeoning sector.

JPMorgan Chase remains committed to expanding its Onyx segment, hoping to further integrate blockchain into mainstream financial services. And BlackRock, along with Fidelity, began offering cryptocurrency exposure to clients, including Bitcoin ETFs and digital asset funds.

These moves reflect a broader trend of institutional adoption, driven by the bet that blockchain can enhance transparency, security, and efficiency in financial services.

SBI’s Oasys investment, however, is unique in that video games play a prominent role in the partnership.

According to Deloitte’s 2024 banking outlook report, blockchain-based and fiat currency-backed stablecoins are “entering the world of consumer payments.”

As tradfi continues to merge with the world of crypto and blockchain, the line between traditional and digital finance is becoming increasingly blurred, paving the way for a more interconnected and innovative financial system.

By investing in Oasys, SBI Holdings is seemingly looking to stay ahead of the curve.

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Theo Crypto News

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Report: Blockchain is poised to overhaul global payment systems

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According to a Binance report, blockchain technology is set to transform the global payments landscape by addressing inefficiencies in traditional financial systems.

The Binance research report highlights that while current payment methods, such as Visa and Mastercard, offer the convenience of near-instantaneous payment authorization, actual settlement times often lag, sometimes by several days.

This delay is especially pronounced in cross-border transactions, where communication between banks in different countries can extend settlement times.

In contrast, blockchain-based payments offer near-instant settlement. The report cites a 2021 pilot conducted by Visa and Crypto.com in Australia, where the use of USDC (USDC) and the Ethereum (ETH) blockchain allowed cross-border transactions to be settled in a fraction of the time traditionally required.

Blockchain payments are cheaper than traditional means of payment

The report highlighted some of the cost advantages of blockchain payments. Traditional remittance services charge high fees, particularly in regions like Sub-Saharan Africa, where the average cost of sending money is 7.73%. 

Using blockchain for payments is becoming increasingly popular due to its significantly lower costs compared to traditional methods.

By comparison, blockchain networks like Solana (SOL) enable transactions at a fraction of the cost. Sending stablecoins via Solana incurs minimal fees, often amounting to just a fraction of a cent.

Stablecoin popularity

Stablecoins have become essential for blockchain payments, with the market settling over $10.8 trillion in transactions in 2023, according to the report. When excluding automated activities, the figure is $2.3 trillion.

Source: Coinbase, Binance Research, as of August 2024

The stablecoin market has grown steadily, with a combined market cap of over $160 billion, led by Tether (USDT) and USDC, which dominate 73% and 21% of the market, respectively.

Challenges in blockchain infrastructure

The report noted that current blockchain infrastructures have their challenges. Scalability remains a key issue, with even the most advanced blockchains like Solana struggling to match the transaction processing speeds of established payment networks. 

Solana, the report reveals, has experienced multiple outages since its launch, raising concerns about the reliability of blockchain technology for large-scale institutional use.

“Since the mainnet launched in 2020, Solana has experienced 7 major outages which brought block production to a halt, with the latest occurring in February 2024. Such growing pain problems would understandably cause institutions to be cautious about relying on blockchains for key business operations, such as payments.”

Binance

Despite these challenges, the report suggests blockchains offer a promising alternative to traditional financial systems. Their transparency and decentralized nature foster greater trust and security in financial institutions, qualities that are increasingly sought after in a global financial system where centralization and control can be exploited for geopolitical purposes.

Looking ahead, the report envisions a future where blockchain technology plays a central role in global payments, particularly remittances. As the technology matures and regulatory frameworks evolve, businesses and consumers may increasingly opt for blockchain-based transactions over traditional methods. 

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Theo Crypto News

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Investing in MENA’s crypto future: Opportunities and challenges | Opinion

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With a tech-savvy population, progressive regulatory frameworks, and ambitious government-led initiatives, significant strides are being made across the Middle East when it comes to nurturing blockchain and crypto innovation. This year, I had the pleasure of attending the Satoshi Roundtable and the Token 2049 summit in Dubai, two flagship gatherings on the global web3 events circuit. In addition to showcasing the latest milestones and breakthroughs across the web3 landscape, the events served as a celebration of the region’s rapid ascension as a thriving hub of web3 activity, and the energy in the air was palpable.

In recent years, MENA has earned a stellar reputation for hosting high-quality events, attracting the best and brightest across web3. Since the launch of Lemniscap seven years ago, we have been actively identifying and backing pre-trend narratives and up-and-coming web3 solutions, both from an infrastructure and consumer layer perspective. 

The MENA region has presented exceptional investment avenues within emerging verticals, and as blockchain technology continues to evolve, the Middle East’s appetite for web3 growth will undoubtedly create a breeding ground for the most innovative and disruptive projects to thrive.

Phygital: The intersection of blockchain and physical assets

In my mind, one of the most intriguing investment plays in the Middle East is the ‘Phygital’ space, representing the confluence of blockchain technology with physical assets. This convergence has the potential to revolutionize industries such as real estate, art, and luxury goods—three sectors that are already booming across MENA. Blockchain’s immutable ledger and smart contract functionality provide a powerful framework for creating transparent and secure systems for managing and trading physical assets. For instance, tokenizing real estate on blockchain platforms allows for fractional ownership, making it easier for investors to buy and sell shares in high-value properties.

In a region where real estate investment is a major driver of wealth, particularly in countries like the UAE and Saudi Arabia, this is opening up a world of opportunities for smaller investors who may not have had access to such high-value assets previously. We’ve seen how the UAE’s real estate sector is benefiting from deployments of blockchain technology, with properties being bought and sold using Bitcoin (BTC), which provides international investors with a more seamless and transparent way to invest in MENA property markets. Additionally, by tokenizing art and collectibles, owners can secure proof of authenticity, trace provenance, and even trade portions of high-value pieces—not only democratizing access to valuable assets but also reducing fraud, a key concern in these markets.

While there is substantial upside to the Phygital space, the infrastructure for seamless integration between digital and physical assets is still evolving. Secure and verifiable connections between blockchain-based digital tokens and their corresponding physical assets are challenging to establish, requiring reliable tracking systems, such as IoT devices or RFID technology. Ambiguity around legal frameworks and regulatory standards for tokenized physical assets may also restrict growth in the short term, but once these issues are ironed out, the Phygital growth trajectory will be expansive.

Web3 gaming

Governments in countries across the MENA region are actively fostering innovation within the gaming sector, recognizing the ‘first mover’ opportunity to accommodate web3 gaming platforms, which are ascending in popularity. These platforms empower players with real ownership of in-game assets by utilizing NFTs and play-to-earn models. 

Dubai, in particular, has established its credentials as a leading hub for web3 gaming development, boosted by the recent launch of The Dubai Program for Gaming 2033—with a mandate to create 30,000 new jobs in the burgeoning sector. Gaming is one of the high-potential verticals in terms of crypto adoption among consumers, but it’s one of the most difficult ones to get right. Complex blockchain integrations, including slow transaction times, high gas fees, and difficult onboarding processes for non-crypto users, still hinder the overall web3 gaming experience. These barriers make it challenging for mainstream gamers to engage with web3 games, limiting adoption fully.

For example, high Ethereum transaction fees often deter in-game purchases or NFT trades, while complex wallet setups discourage casual users. However, with advancements such as Layer-2 scaling solutions and gasless transaction models, these issues can be resolved. Simplified onboarding through user-friendly wallets and seamless integration with blockchain infrastructure can significantly improve user experiences. Once these obstacles are overcome, web3 gaming can attract millions of players, unlocking massive opportunities for growth and player-owned economies. Looking ahead, we are excited to pursue exemplary investment opportunities that expand the realm of onchain gaming.

DePINs

Decentralized physical infrastructure networks represent another promising frontier for VCs surveying the web3 space across the Middle East, which is renowned for its vast energy resources, presenting unique opportunities for DePIN deployments—using blockchain technology to enable decentralized networks that support physical infrastructure. 

With many Middle Eastern countries, such as Saudi Arabia and the UAE, investing heavily in renewable energy to diversify away from oil, VCs have a timely opening to back projects that could redefine how energy is managed and distributed in the region. Last year, a branch of Abu Dhabi’s Advanced Technology Research Council introduced a new blockchain-powered carbon tracking and trading platform, enabling companies to offset their carbon footprints more effectively and transparently, so there is clear buy-in at the highest level for blockchain-centric sustainability measures to take hold.

While DePIN is demonstrating exceptional promise, the success of DePIN projects in MENA will depend on the region’s ability to build and maintain robust physical networks that can support decentralized applications, which requires significant investment in physical assets and technology. The cost of infrastructure development will be high, and projects may take years to mature fully, but the roadmap for success is there.

From a VC perspective, the Middle East offers a conveyor belt of highly attractive opportunities for targeted investments within the blockchain space. The replication of initiatives like the UAE’s Digital Government Strategy 2025 across the MENA region will go a long way towards promoting digital and blockchain integrations across core government departments, which, in turn, will have a ripple effect across the rest of the tech and investor ecosystem.

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Theo Crypto News

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Sony’s Soneium could set the blockchain pace — is BlackRock preparing to follow?

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How will Sony’s Soneium stack up against existing blockchain giants, especially if BlackRock makes its anticipated move into the market?

Sony has long been synonymous with innovation, and now it’s making a bold entry into the blockchain world with its latest initiative: Soneium.

On Aug. 23, Sony Block Solutions Labs — a collaboration between Sony Group and Singapore-based Startale Labs — announced the launch of this new project. 

Just a few days later, on Aug. 28, Sony further introduced the “Minato” testnet for Soneium, along with an incubation program aimed at onboarding developers to the new platform.

Soneium will be built on Ethereum (ETH) and the OP Stack from Optimism (OP), a highly customizable toolkit that enables developers to create their own networks with ease. 

According to Jun Watanabe, Chairman of Sony Block Solutions Labs, Sony views blockchain as a way to enrich lives and elevate creativity to new heights. With Soneium, the company aims to unlock new business opportunities and use cases, offering value that’s unique to web3 technology.

It’s important to note that Sony’s journey into web3 didn’t begin with Soneium. The company has been steadily expanding its footprint in the crypto space, including the acquisition of the Japanese crypto exchange WhaleFin — now rebranded as S.BLOX Co. — and Amber Japan, a digital asset trading services provider.

But what exactly is Soneium, how does it compare to its rivals, and what can we expect from this project in the future?

Understanding Soneium’s core purpose

As a public blockchain, Soneium operates on an open network, inviting participants from all walks of life to engage without limitations.

What makes Soneium stand out is its role as a layer-2 solution for Ethereum. This means it builds on Ethereum’s existing infrastructure, aiming to solve two of the biggest challenges in blockchain today: slow processing speeds and high transaction fees.

By handling data processing on its own layer, Soneium helps alleviate these issues, making the blockchain experience faster and more affordable.

One of the most exciting aspects of Soneium is its support for advanced smart contracts, which are crucial for creating decentralized applications, or dApps.

Developers will also have access to a suite of third-party tools designed to simplify the process of developing and launching apps on the Soneium network. This makes it a promising platform for innovation, offering endless possibilities for what can be built on the blockchain.

The recent launch of the Soneium testnet, known as Minato, marks a key step in this journey.

Minato is designed to mirror the conditions of the mainnet, providing a realistic environment for developers to test high-volume applications. This is essential for ensuring that when these apps go live, they perform smoothly under real-world conditions.

As claimed, Minato also plays a critical role in community building. Early access to the testnet allows developers and creators to gather valuable feedback, which is key to refining their projects.

Users, too, benefit from this early access as they get to experience and influence the future of these applications without risking their own assets. That’s because Minato uses a test version of crypto assets for in-app payments, creating a risk-free environment that encourages exploration and engagement with web3 technologies.

Supporting the Soneium Minato testnet is Astar Network, a blockchain platform known for its multi-chain capabilities. Astar is providing initial liquidity and a variety of fungible and non-fungible digital assets, helping to fuel the early stages of Soneium’s ecosystem.

In addition to Astar, a host of other prominent blockchain projects and companies will be early experimenters on the network, including Circle (the issuer of USDC), Optimism, Alchemy, The Graph (GRT), and Chainlink (LINK).

Soneium is also rolling out a builder-focused program called Soneium Spark, designed to attract visionary developers and creators, offering access to crucial infrastructure, mentorship, and industry partnerships.

Moreover, Sony is offering investments of up to $100,000 per team. Soneium Spark’s incubation period kicks off in mid-October and runs through the upcoming months.

Soneium’s battle for dominance

Soneium has already begun forging key collaborations that could give it an edge in the highly competitive layer-2 space.

One of the most notable partnerships is with Pyth Network, a decentralized data infrastructure known for providing real-time, high-fidelity price feeds. 

This collaboration means that all projects building on Soneium from the start will have access to Pyth’s reliable market data, a critical component for applications in decentralized finance, web3 games, NFT marketplaces, entertainment services, and more.

However, Soneium is entering a crowded and fiercely competitive layer-2 landscape, where it will face off against established players.

One of the most prominent rivals is Base, which recently hit a key milestone — 1 million daily active addresses. Base is known for its strong backing by Coinbase, one of the most recognized names in the crypto space. But Base isn’t the only competitor in the field.

Polygon (MATIC) is another key player, known for its scalability and low-cost transactions. Polygon has become a go-to layer-2 solution for many developers, especially those looking to build scalable dApps without sacrificing security.

Then there’s Stacks (STX), which brings smart contracts and dApps to Bitcoin (BTC), offering unique opportunities for developers who want to leverage Bitcoin’s security while building on a layer-2 network.

Mantle (MNT), another emerging layer-2 solution, focuses on modular design and ease of integration, making it attractive for developers seeking flexibility and efficiency.

Each of these layer-2 networks has its strengths, and Soneium will need to carve out its niche to stand out.

Traditional giants embracing blockchain

The layer-2 blockchain space, already competitive with players like Base, Polygon, and others, could soon become even more intense.

The latest buzz suggests that BlackRock, the world’s largest asset manager, might be gearing up to launch its own layer-2 blockchain network.

According to a report from Token Terminal, BlackRock is seriously considering this move as a natural extension of its growing involvement in the blockchain space, where it already manages a portfolio of blockchain-related products, including the iShares Bitcoin Trust (IBIT), and investments in Circle and Securitize, which oversees the on-chain money market fund BUIDL.

The only piece missing in BlackRock’s crypto puzzle is its own blockchain network—a move that seems increasingly likely.

If BlackRock does launch its own layer-2 blockchain, it would follow a similar path to what Coinbase has done with Base. This would allow BlackRock to streamline the recordkeeping of its $10 trillion in assets under management across different asset classes on a single, global, interoperable, and transparent ledger.

The potential benefits are immense: 24/7 operational capital markets, improved transparency and investor access, lower fees, and faster settlements. However, challenges like the cost of blockchain implementation and regulatory uncertainties remain significant hurdles.

Sony’s Soneium and BlackRock’s potential layer-2 blockchain might be targeting different segments — Sony with its focus on entertainment and gaming, and BlackRock with its financial products — but the underlying strategy is similar: leveraging blockchain to stay ahead in an increasingly digital world.

As the layer-2 space evolves, the entry of traditional companies like Sony and BlackRock could likely make the competition even more exciting and intense. Sony’s journey with Soneium is just beginning, and while the path is uncertain, the opportunities for growth and innovation are vast.

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Theo Crypto News

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Alchemy acquires Romania-based Web3 infrastructure firm Bware Labs

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Alchemy has acquired Bware Labs, the Romania-based blockchain infrastructure platform and application programming interface services provider.

Web3 infrastructure platform Alchemy disclosed the acquisition in an announcement on Aug. 29, highlighting Bware Labs’ growth trajectory and suite of blockchain infrastructure and API services as additions that will help Alchemy execute on its product roadmap.

Path to expansion into Europe

According to Alchemy, acquiring Romania-based Bware provides a path towards Alchemy’s expansion into Europe. The company’s presence in Europe, which leads in the overall regulation of crypto via its MiCA rules, also offers the pathway to entry into other markets.

Europe is also a growing force in the web3 market, with a talent pool that Alchemy can tap into via the Bware Labs footprint, the firm added.

While Alchemy will take over Bware’s business, the expectation is that the deal will not impact respective companies’ customers. Operations will continue as normal for Bware’s Blast API and blockchain validator businesses, with integration into Alchemy’s product suite set to occur in the coming months.

INFRA token

Notably, Alchemy says it will not take over the INFRA protocol. The INFRA token powers the Bware ecosystem, including the Blast staking protocol.

The token is available on the Ethereum (ETH), Avalanche (AVAX) and MultiversX (EGLD) blockchains and has a total supply of 100 million and current circulating supply of over 4.4 million.

In its announcement, Bware said its team “will be stepping away” from its role as the protocol’s core contributor.

“The proxy that sends API requests to the protocol has been deprecated. If you participated in the testnet the related tokens will continue to vest, but you may cease your participation in the protocol as there will not be further rewards.”

Alchemy.

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Theo Crypto News

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BNB Chain and SingularityNET partner to advance decentralized storage

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BNB Chain and the SingularityNET Foundation are collaborating to advance the future of artificial intelligence and blockchain integration.

The BNB Chain and SingularityNET (AGIX), a member of the Artificial Superintelligence (ASI) Alliance that also includes Fetch.ai and Ocean Protocol, announced the partnership via a blog post on Aug. 29.

Partnership geared towards decentralized storage solutions

According to the announcement, BNB Chain and SingularityNET aim to enhance the decentralized storage solutions sector as well as promote the decentralized data economy.

The collaboration targets this goal through the “data-as-an-asset” concept, which allows users to control their personal data and monetize it. The two will join forces to bring SingularityNET’s technology stack and BNB Chain’s decentralized storage solution, BNB Greenfield, to more users.

“The integration of SingularityNET platform with BNB Greenfield provides an ideal platform for rolling out the next generation of AI systems that transcend the limitations of current GenAI systems and meet the full spectrum of application needs.”

SingularityNET founder Dr. Ben Goertzel.

Blockchain solution

AI continues to see unprecedented growth amid application and integration across the blockchain ecosystem and elsewhere. However, there’s still hurdles in relation to practical application of generative artificial intelligence, with increasing issues around deepfakes and other malicious uses a key concern.

Further integration of SingularityNET and the ASI network with BNB Smart Chain is a step towards providing a solution. BNB Chain plans to offer both technical support as well as incubation and grants to projects looking to bring these solutions to the real world.

Other blockchain platforms working towards this goal include Filecoin, Sia, Storj, and Arweave.

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Theo Crypto News

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LINE messenger to introduce mini dApps via Kaia blockchain

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Japanese messaging giant LINE is gearing up to introduce mini-decentralized applications on its messaging app in collaboration with the Kaia DLT Foundation, a UAE-based organization that supports the Kaia blockchain.

According to an announcement on Aug. 29, mini dApps will be introduced as part of the Kaia Wave, an initiative launched by the Kaia DLT Foundation to support Web3 developers. 

The Kaia DLT Foundation was introduced as an independent body following a merger between two prominent blockchain projects, from Line and South Korean tech giant Kakao. Its purpose is to oversee the governance and management of the layer-1 EVM-based Kaia blockchain, which combines Line’s Finschia blockchain and Kakao’s Klaytn blockchain.

Kaia Wave was announced alongside the mainnet launch of the Kaia chain. The blockchain network is integrated with Kakao’s Kakaotalk platform and LINE’s LINE messengers, boasting a cumulative user base of over 250 million users.

With the Kaia Wave initiative, the Kaia DLT Foundation plans to incentivize developers to build mini dApps tailored to LINE’s extensive user base in countries like Japan, Taiwan, Thailand, and Indonesia. Developers would use Kaia’s NEXT WEB software development kit to create the mini dApps that would launch within the LINE Messenger.

The foundation is collaborating with LINE NEXT, the Web3 unit of LINE Corporation, as a part of the builders program.

“Through the Kaia Wave project, LINE NEXT will focus on delivering a more efficient Web3 platform for builders and improving accessibility and convenience for users.”

Young-su Ko, CEO of LINE NEXT

LINE plans to tap into the growing trend of integrating blockchain-based applications directly within messaging platforms pioneered by its competitor, Telegram. The messaging giant introduced support for what it calls ‘Telegram Mini Apps’ in 2023 and later allowed developers to integrate these applications with The Open Network blockchain.

Telegram’s popularity surged even further with the introduction of play-to-earn games that incentivize users with tokens launched on the TON blockchain, with projects like NotCoin (NOT) and Hamster Kombat amassing millions of users.

Subsequently, the messaging app has also introduced a mini app store to make it easier for its approximately 950 million users to access the Web3 space.

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DecideAI launches its GPT-2 LLM on Internet Computer

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Artificial intelligence-focused startup DecideAI has reached a key milestone with the full on-chain implementation of its large language model GPT-2.

On Aug. 28, DecideAI announced that its GPT-2 LLM had been deployed on the Internet Computer (ICP), a step that brings a decentralized approach to the training, maintenance and deployment of AI. Decentralized AI eliminates the pitfalls that beleaguer centralized AI development, the startup noted in the press release shared with crypto.news

Why the Internet Computer?

Launched by the DFINITY Foundation, the Internet Computer is a blockchain and web3 platform that enables developers to build and run decentralized applications entirely on the blockchain. This approach eliminates the need for centralized IT infrastructure, such as cloud computing services from major tech providers.

DecideAI is leveraging this decentralized ecosystem to democratize access to AI model training and deployment.

Key features of the Internet Computer include a virtual machine that uses WebAssembly to support floating-point numbers and deterministic SIMD, enabling parallel computation. DecideAI will also take advantage of ICP-native AI optimization.

“Today, the Internet Computer is the only blockchain capable of running a major LLM fully on-chain, offering the sufficient memory and compute power required to sustain a 100% decentralized AI.”

Raheel Govindji, CEO and founder of DecideAI.

DecideAI to expand Ethereum and Solana

Notably, the launch of the GPT-2 LLM on ICP opens up AI models to the benefits of interoperability, transparency and blockchain security. In the future, DecideAI will also leverage Internet Computer’s Chain Fusion technology, which allows for protocol-level blockchain integration, to expand its AI models to Ethereum (ETH) and Solana (SOL).

DecideAI’s GPT-2 large language model implementation on the Internet Computer will be powered by the web3 startup’s native token DCD.

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Celo ecosystem gets new foundation to boost stablecoin use

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The Stabila Foundation has launched a new initiative to boost stablecoin adoption within the Celo ecosystem, aiming to drive real-world use cases for the network.

The Celo (CELO) blockchain ecosystem has welcomed a new foundation focused on increasing the adoption and use of stablecoins within its network.

The Stabila Foundation, funded by the Celo community, aims to enhance the ecosystem’s financial stability by promoting the real-world utility of stablecoins, particularly in emerging markets such as Africa, Latin America, and Southeast Asia, according to an Aug. 28 press release shared with crypto.news.

“We aim to achieve these goals by collaborating closely with stablecoin issuers, ecosystem applications, infrastructure partners, merchants, and everyday users.”

The Stabila Foundation

In addition to the Celo community, the foundation has secured backing from Allbridge Core, Angle Labs, and Wormhole Foundation.

Celo seeks more stablecoin activity

The foundation will focus its resources on offering incentives for stablecoin liquidity pools, supporting educational campaigns, and backing projects that align with its mission. By collaborating with stablecoin issuers, the foundation intends to increase transaction volumes and user growth on Celo, positioning it as a leading platform for stablecoins, the press release reads.

Celo already supports major stablecoins such as (USDT) and (USDC), which collectively account for over 85% of the stablecoin market. However, the foundation seeks to expand the ecosystem even further by encouraging the use of a diverse range of local currency stablecoins, including those from Mento Labs, Angle Labs, and BRLA Digital.

Total Celo-based stablecoins market capitalization as of Aug. 28 | Source: DefiLlama

According to data from DefiLlama, the total market capitalization of stablecoins on the Celo network stands at $337.57 million, with Tether’s USDT accounting for over 75% of the market.

Commenting on the foundation’s launch, Paul Kremsky, global head of business development at Cumberland, noted that stablecoins have emerged as the “killer use case of blockchain,” emphasizing that expanding stablecoins beyond the USD is an “important effort that will bring this infrastructure to the whole world, including regions that are sorely underserved by traditional banking rails.”

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