TPLAY Wins at Theta Hackathon: A New Era of Decentralized Video Sharing

Friday, October 11, 2024 12:00 AM
176
TPLAY Wins at Theta Hackathon: A New Era of Decentralized Video Sharing cover

The recent Theta Hackathon has concluded successfully, showcasing an impressive array of projects focused on AI, video, and gaming. This event highlighted the contributions of talented developers and teams who are dedicated to building a decentralized future for media and entertainment. Among the standout projects, TPLAY emerged as the winner of the Video/Rendering track. TPLAY is a revolutionary social network designed for sharing videos on the Theta Network, allowing users to upload or create AI-generated videos, engage in contests, and win exciting prizes. This platform not only transforms video content creation and sharing but also offers a unique blend of technology and creativity.

TPLAY is more than just a video-sharing platform; it is a comprehensive ecosystem that empowers users to control their content. Users can securely upload and share videos, utilize decentralized storage solutions, and leverage advanced AI tools for video creation. The platform encourages user engagement through weekly contests where participants can win prizes based on audience interaction. Additionally, TPLAY offers interactive features such as liking, commenting, and sharing videos, along with real-time updates on contest standings and video processing, enhancing community engagement.

The technical architecture of TPLAY integrates modern web technologies with the Theta Network blockchain, facilitating user interactions through decentralized wallets. The platform processes video uploads and manages blockchain interactions via smart contracts, ensuring secure token transactions and contest management. Future enhancements for TPLAY include the introduction of advanced AI tools for video editing, the establishment of a DAO for user-driven feature proposals, and a transition to a fully decentralized storage solution. Congratulations to the winning team for their innovative contributions to the Theta Ecosystem!

Buy Now at

Related News

November Promises Growth for Key Cryptocurrencies: Bittensor, Polkadot, Solana, and Remittix cover
21 hours ago
November Promises Growth for Key Cryptocurrencies: Bittensor, Polkadot, Solana, and Remittix
As the cryptocurrency market transitions from a volatile October, November is shaping up to be a promising month with historical average gains exceeding 40%. Market analysts are particularly optimistic about several key players, including Bittensor, Polkadot, Solana, and the emerging PayFi solution, Remittix (RTX), which are expected to yield significant returns for investors. Bittensor (TAO) has emerged as a standout token, experiencing a remarkable 40% price increase over the past month. This growth is attributed to a robust ecosystem and a shift in staking behavior, which has generated heightened interest in subnet tokens. Analysts predict that if the bullish trend continues, Bittensor could potentially reach a price of $470, making it a focal point for investors looking for high returns. Polkadot is also making strides with governance reforms that limit its total supply to 2.1 billion DOT and enhance its treasury management through a decentralized autonomous organization (DAO). With over $3 billion in total value locked (TVL) across its parachains, Polkadot is establishing itself as a multichain economy. Experts forecast a price range between $4.01 and $13.90 by 2025, driven by its technical capabilities and real-world integrations. Meanwhile, Solana is leveraging institutional demand with the approval of spot ETFs in Hong Kong, which could significantly boost its price. Lastly, Remittix is gaining traction as a revolutionary PayFi solution, having raised over $27.7 million and confirmed listings on major exchanges, indicating strong institutional interest and retail engagement.
Safello Launches First Staked TAO ETP on SIX Swiss Exchange cover
21 hours ago
Safello Launches First Staked TAO ETP on SIX Swiss Exchange
Safello is making significant strides in the crypto investment landscape by launching its first staked TAO exchange-traded product (ETP) in collaboration with Deutsche Digital Assets (DDA). Set to debut on the SIX Swiss Exchange on November 19 under the ticker STAO, this innovative product will allow investors to gain regulated exposure to Bittensor while earning staking rewards. The ETP is designed to cater to both retail and institutional investors, marking a pivotal moment for Safello as it ventures into the ETP market with a management fee of 1.49%. This move highlights the growing interest in tokenized, yield-generating ETPs linked to blockchain and AI networks. The Safello Bittensor Staked TAO ETP is physically backed by TAO, securely held in cold storage by a regulated custodian. Investors will benefit from automatic reinvestment of staking rewards, which adds an attractive layer to the investment. The ETP tracks the Kaiko Safello Staked Bittensor Index, providing a comprehensive view of TAO’s staking performance and market activity. This structure is similar to existing physically backed ETPs for Bitcoin and Ethereum, but with a unique focus on the staking returns generated by Bittensor’s AI-linked ecosystem. Safello's CEO, Emelie Moritz, emphasized that this listing is a crucial milestone for the company, as it aims to bridge traditional finance with blockchain innovation. The collaboration with DDA not only ensures regulatory compliance but also enhances the product's credibility in the market. As the demand for secure and regulated exposure to digital assets continues to rise, Safello's TAO ETP is poised to attract attention from a diverse range of investors seeking to explore the potential of staking-based digital assets in a regulated environment.
Powerledger Expands POWR Token to Multichain with Wormhole Integration cover
2 days ago
Powerledger Expands POWR Token to Multichain with Wormhole Integration
Powerledger has successfully integrated Wormhole’s Native Token Transfers (NTT) standard, allowing its POWR token to function as a multichain asset. This integration marks a significant milestone, enabling POWR to exist natively on both Ethereum and Solana without the need for wrapped or synthetic tokens. By leveraging this approach, Powerledger aims to enhance user experience and maintain the authenticity of the POWR token across multiple blockchains. The decision to expand to Solana was driven by the desire to provide users with more flexibility and access to a high-speed, low-cost transaction environment, complementing Ethereum's robust DeFi ecosystem. The advantages of using Wormhole’s NTT over traditional bridging solutions are substantial. Unlike typical bridges that create wrapped versions of tokens, which can lead to liquidity fragmentation, Wormhole’s NTT allows POWR to be deployed natively on each blockchain. This ensures that the POWR token remains consistent across networks, preserving its integrity and value. Additionally, the NTT standard simplifies the user experience, allowing for seamless cross-chain transfers and reducing potential confusion among users regarding token versions. This unified approach enhances liquidity and pricing efficiency, making it a strategic choice for Powerledger as it looks to expand further into other blockchains. The collaboration with Wormhole not only enhances the POWR token's functionality but also aligns with Powerledger's mission to democratize access to energy markets globally. By enabling easy cross-chain transfers and providing users with the flexibility to choose their preferred blockchain, Powerledger is empowering its community. This multichain rollout is a testament to the potential of cross-chain innovation, showcasing how collaboration can lead to improved user experiences and greater adoption of blockchain technology in the energy sector. As Powerledger looks to the future, it remains committed to exploring additional networks while maintaining the high standards established through its partnership with Wormhole.
Nvidia CEO's China Visit Sparks Rally in AI Cryptocurrencies cover
2 days ago
Nvidia CEO's China Visit Sparks Rally in AI Cryptocurrencies
Nvidia CEO Jensen Huang's recent visit to China has ignited a significant rally in AI-focused cryptocurrencies, alleviating investor concerns regarding U.S.-China tech tensions. The total market capitalization of the AI crypto sector surged to $32.88 billion, buoyed by a remarkable 35.56% increase in Virtual Protocol (VIRTUAL). Other notable AI tokens such as AIXBT, Akash Network (AKT), and Render (RNDR) also experienced double-digit gains, indicating a broader resurgence in investor confidence within the sector. The impact of Huang's diplomatic mission was immediate and profound. His visit was interpreted as a positive sign for ongoing AI development despite geopolitical challenges, leading to a notable spike in the prices of established AI tokens. Analysts from Fundstrat highlighted VIRTUAL's unique positioning to leverage the burgeoning AI agent economy, further fueling investor interest. Meanwhile, early-stage projects like DeepSnitch AI are capturing attention as they offer exposure to AI infrastructure at a lower cost, making them attractive options for savvy investors looking for growth opportunities. DeepSnitch AI has emerged as a standout project, currently trading at $0.02032 in its presale stage. The platform aims to address the information asymmetry faced by crypto traders by utilizing AI agents to track whale movements and market trends in real-time. Having raised over $470,000 in its presale, DeepSnitch is positioned for explosive growth, with projections of potential 100x returns by 2025. As optimism builds in the AI crypto sector, driven by the recent rally and the anticipation of positive developments from the upcoming U.S.-China trade meeting, investors are keenly eyeing opportunities like DeepSnitch AI to capitalize on this momentum.
Bittensor (TAO) Price Surges as Demand for Subnets Increases cover
3 days ago
Bittensor (TAO) Price Surges as Demand for Subnets Increases
Bittensor (TAO) has recently experienced a significant price surge, climbing over 10% and surpassing the $450 mark. This increase is largely attributed to renewed demand for its subnets and a rise in speculative activity, which has sparked optimism within the AI crypto sector. The decentralized machine-learning network has seen a notable spike in trading volumes and open interest, indicating a growing confidence among investors. As TAO breaks through key resistance levels, traders are now setting their sights on the $500 milestone, raising questions about whether this AI-powered blockchain can maintain its bullish momentum. The rally in Bittensor's price can be linked to a combination of bullish technical and fundamental factors. A significant catalyst is the increasing demand for Bittensor's subnets, which saw an 11% increase in market cap in just 24 hours, showcasing heightened usage and developer engagement. Additionally, futures open interest surged nearly 19%, reflecting strong speculative participation. On a technical level, TAO has successfully broken above a long-term descending trendline, signaling a key bullish reversal pattern that has attracted the attention of traders who view Bittensor as a promising player in the AI and crypto narrative, especially with growing institutional interest in decentralized machine learning networks. From a technical perspective, Bittensor's breakout above $434 has transformed a crucial resistance level into support, confirming a bullish reversal on both the 4-hour and daily timeframes. The price has consistently formed higher highs and higher lows, indicating sustained buying momentum. Analysts have identified the $466–$475 range as the next critical resistance zone, beyond which TAO could aim for $500 in the short term. With rising trading volumes and the potential for a golden cross—a classic bullish signal—Bittensor appears to be well-positioned for further gains. However, the $470–$480 range remains a significant barrier that must be overcome for continued upward movement toward $500 and beyond.
ASI:Cloud Launches as a Game-Changer in Permissionless AI Infrastructure cover
3 days ago
ASI:Cloud Launches as a Game-Changer in Permissionless AI Infrastructure
ASI:Cloud has officially launched, marking a significant milestone in the realm of permissionless AI infrastructure. Developed by CUDOS in collaboration with SingularityNET and the ASI Alliance, ASI:Cloud offers serverless AI inference and distributed GPU rentals without the need for KYC or account creation. Users can access powerful NVIDIA hardware to perform AI inference seamlessly. The platform has already processed over 3 billion inference tokens, showcasing its scalability and the demand for decentralized AI solutions. Early access saw over 7,600 signups, with $90,000 in inference credits distributed to users, highlighting the community's enthusiasm for this innovative service. The ASI:Cloud platform provides a range of features designed to facilitate AI development. Users can take advantage of pay-per-token APIs compatible with OpenAI, GPU rentals, and easy onboarding through wallet-based access. The model catalog continues to expand, with new models like Gemma 3 and LLaMA 3 now available. Additionally, ASI:Cloud has remained operational during significant outages, demonstrating its resilience compared to centralized systems like AWS. This reliability is attributed to its distributed infrastructure, which eliminates single points of failure and enhances performance. Looking ahead, ASI:Cloud is set to further enhance its offerings with multi-modal model support and advanced processing capabilities. The community is encouraged to join the ASI:Cloud Discord for updates and to earn exclusive roles. As the demand for AI solutions grows, ASI:Cloud positions itself as a vital player in the decentralized AI landscape, providing the necessary infrastructure to support developers and innovators in the field. The future looks promising as ASI:Cloud continues to evolve and adapt to the needs of its users.
Signup for latest DePIN news and updates