The increasing popularity and adoption of blockchain technology has led to significant scalability challenges for many major blockchain networks like Bitcoin and Ethereum. As more users and transactions hit these networks, they face issues like slow transaction speeds, high fees, and limited throughput. To address these scaling limitations, a variety of layer 2 solutions have
Two AI-focused cryptocurrencies are experiencing a surge as OpenAI introduces its latest text-to-video project. In a recent announcement, OpenAI unveils Sora, a cutting-edge model capable of generating high-definition videos from text prompts. Introducing Sora, our text-to-video model. Sora can create videos of up to 60 seconds featuring highly detailed scenes, complex camera motion, and multiple
Blockchain technology has been heralded as a breakthrough innovation that could fundamentally transform industries ranging from finance and healthcare to supply chains and voting. However, we must objectively assess whether blockchain is truly an essential technology that society absolutely requires right now. Decentralization enhances security by distributing data across nodes rather than centralized servers, preventing
Liquid staking refers to a process that enables staked assets like cryptocurrency to become more liquid and tradable. In proof-of-stake (PoS) blockchains, users can stake their coins to help validate transactions and secure the network in exchange for rewards. However, these staked assets are typically locked up and illiquid during the staking period. Liquid staking
The internet is evolving rapidly into an open, decentralized web3 that runs on blockchains and gives power back to users. For businesses, web3 unlocks game-changing opportunities to innovate in the digital economy. Implementing web3 can help companies optimize operations, create new revenue streams, establish direct relationships with customers, and future-proof for the next era of
Krutrim, an artificial intelligence (AI) startup founded by Ola’s founder and chairman Bhavish Aggarwal, announced on January 26, 2024 that it has raised $50 million in its first external funding round. This values the 6-month old startup at $1 billion, making Krutrim India’s first AI unicorn of 2024. The funding round was led by Matrix
SubQuery, a pioneer in web3 infrastructure, announces that the forthcoming launch of the SubQuery Network mainnet will take place on the Base Network. Mainnet launch will see SubQuery’s decentralised data marketplace come to life and will take place shortly after SubQuery’s public token sale on 30 January 2024. Base, an Ethereum Layer 2 solution incubated
Web3 (also known as Web 3.0) refers to the next evolution of the internet that incorporates concepts such as decentralization, blockchain technology, and token-based economics. While still an emerging technology, many believe Web3 will revolutionize how we interact online and disrupt many digital industries. This guide provides an in-depth look at what Web3 is, its
The cryptocurrency firm associated with the collapsed TerraUSD and Luna tokens has officially initiated bankruptcy proceedings in the United States. The downfall of Terraform Labs’ tokens in May resulted in a staggering $40 billion loss, significantly contributing to the widely recognized “cryptocrash” of 2022. The co-founder, Do Kwon, presently incarcerated in Montenegro, faced legal consequences
[New York, Jan 19], 2024 — Dell Technologies has announced the expansion of its latest global loyalty program to Japan on Jan 18, 2024, following successful launches in Canada and the United States in 2023. In a significant move for the Web3 space, OORT, a burgeoning force in AI-focused decentralized cloud services, has joined this