Somnia Partners with Ankr to Enhance Developer Experience in Blockchain

The demand for decentralized energy data storage is on the rise, with several tokens leading the charge in this innovative sector. Notably, Filecoin (FIL), Theta Network (THETA), BitTorrent (BTT), MultiversX (EGLD), and AIOZ Network are at the forefront of decentralized physical infrastructure networks (DePIN) within the energy niche. These tokens are not only pivotal in decentralized data storage and content delivery but also play a significant role in blockchain-powered energy solutions. Their price movements and trading volumes present potential opportunities for investors and developers engaged in the intersection of blockchain technology and energy. Filecoin has established itself as a leader in decentralized storage solutions, particularly in renewable energy data management. As of the latest data, Filecoin's price is $5.70 with a trading volume of $721 million, reflecting a modest increase of 1.43% over the past day. Similarly, Theta Network, which specializes in decentralized video delivery systems, is priced at $1.96 with a daily trading volume of $83 million, showing a 1.27% rise. Both tokens underscore the critical need for efficient data and media management in sustainable energy applications, demonstrating their growing importance in the market. Other notable players include BitTorrent and MultiversX, which focus on scalability and smart city integration. BitTorrent, priced at $0.000001, has a trading volume of $52 million but has seen a decline of 2.05% recently. In contrast, MultiversX aims to provide scalable blockchain solutions for smart cities, currently priced at $37.78 with a trading volume of $80 million, despite a slight drop of 1.11%. AIOZ Network, with a price of $0.763 and a trading volume of $16 million, enhances real-time energy monitoring through decentralized content delivery. Together, these tokens are shaping the future of energy management and infrastructure.

Orchid (OXT) has recently witnessed a remarkable surge in trading activity, with its trading volume skyrocketing by an astonishing 2500% within just 24 hours. This surge in trading volume, which reached a cumulative total of $547.74 million, indicates a significant increase in demand for the cryptocurrency. Alongside this, OXT's price has also experienced a notable uptick, rising by 30% during the same period. The data from AMBCrypto and CoinMarketCap highlights that this surge is not just a fleeting moment but rather a reflection of growing investor interest and adoption of the Orchid platform. The increase in trading volume has been accompanied by a corresponding rise in Open Interest, which has surged to a new all-time high of $19 million, marking an increase of 253.88%. This combination of rising trading volume and Open Interest suggests that investors are actively opening new positions, predominantly leaning towards buying. The price of OXT has seen a significant upswing, climbing from a low of $0.0768 to a high of $0.1598, with current trading around $0.1297. The altcoin has also demonstrated impressive gains on both weekly and monthly charts, with increases of 43.15% and 75.15%, respectively. Moreover, the bullish sentiment surrounding OXT is further evidenced by a spike in outflow volume, which has reached a high of $7.1 million. This indicates that many investors are opting to move their assets into cold storage or private wallets, rather than keeping them on exchanges. Additionally, large holders have shown increased interest, with inflows hitting a year-high of 255.79 million OXT tokens. This suggests that significant accumulation is taking place among large investors. If the current trends continue, OXT could potentially face resistance around $0.17, while profit-taking by short-term holders could lead to a drop to $0.09.

This week, decentralized distributed GPU resource platform io.net announced a strategic partnership with OpenLedger, a data blockchain specifically designed for artificial intelligence (AI). This collaboration will enable OpenLedger to utilize io.net's global GPU compute resources, enhancing its ability to refine and train AI models. Known as the Internet of GPUs, io.net provides a powerful network of distributed GPU resources, allowing OpenLedger to accelerate the development of its AI models and empowering developers to create more efficient AI-based decentralized applications (DApps). According to Tausif Ahmad, Vice President of Business Development at io.net, this partnership will provide OpenLedger with a reliable infrastructure to scale its AI models and unlock new use cases, reinforcing its position as an innovative provider in the decentralized AI space. In addition to providing GPU resources, io.net's infrastructure will support the inference and hosting of AI models, ensuring optimal performance and scalability. This partnership is expected to enhance OpenLedger's reputation as a leading provider of reliable datasets, fueling innovation at the intersection of blockchain and AI. The collaboration aims to create high-quality data securely and efficiently while driving innovation and performance. A team member from OpenLedger emphasized that leveraging io.net's GPU infrastructure will allow users to fine-tune AI models more efficiently, ultimately leading to the development of trustworthy and explainable AI models. A significant factor in OpenLedger's choice of io.net as its GPU resource provider is the cost-effective and scalable compute solutions offered. This partnership will enable OpenLedger to expand its services without the constraints of high costs associated with centralized cloud providers. By processing larger datasets and developing AI models with unprecedented efficiency, OpenLedger aims to push the boundaries of decentralized AI innovation. Ultimately, this partnership aligns with OpenLedger's mission to foster an open, collaborative data environment while promoting the adoption of blockchain-powered AI solutions.

The AI Lab, a leading e-learning provider in South Korea, has recently entered into a multi-year agreement with Theta EdgeCloud, marking a significant step in enhancing its educational offerings in Artificial Intelligence (AI) and Data Analysis (DA). This partnership allows The AI Lab to leverage Theta EdgeCloud's distributed GPU resources, which will facilitate advanced AI education, model training, and generative AI applications. With a strong focus on hands-on experiences and interactive content, The AI Lab aims to deliver high-quality education through its innovative platform, CodingX, recognized for its effectiveness in teaching AI and coding skills globally. The collaboration with Theta EdgeCloud is expected to bring several advantages to The AI Lab. By utilizing on-demand GPU resources, the institution can enhance curriculum flexibility, allowing for seamless integration of AI into its educational programs. Additionally, the partnership is set to lower operational costs through Theta's distributed infrastructure, enabling cost-effective scaling of their services. Most importantly, the integration of AI-driven learning methodologies will facilitate personalized learning experiences, tailored to meet the unique needs of each student, thereby improving overall performance. Theta EdgeCloud has been rapidly expanding its customer base, recently partnering with prestigious institutions such as Seoul National University and Peking University. This growth underscores the increasing demand for scalable and cost-effective technology solutions in the education sector. John Choi, CEO of The AI Lab, expressed confidence in the partnership, highlighting Theta's strong reputation among South Korean universities and its potential to significantly expand The AI Lab's operations in the coming years. This collaboration is poised to meet the rising demand for technology skills in an AI-driven future, positioning The AI Lab as a key player in the evolving educational landscape.

Arkreen, a leader in solar power technology, is launching an exciting content competition aimed at enhancing its marketing efforts and promoting a greener future. The initiative invites all existing CSP (Community Solar Power) owners to submit raw, unedited video footage that highlights the best aspects of their solar installations. Participants can showcase their contributions through three distinct categories: Roof Solar Shot, Arkreen Tech Shot, and Complementary Theme Shot. Each video must be a minimum of 20 seconds and adhere to quality standards, including a resolution of at least 1080p and a frame rate between 25-60 fps. This competition not only encourages community engagement but also offers participants the chance to win substantial rewards, including $AKRE tokens and special Discord ranks. To ensure fair participation, Arkreen has set clear eligibility criteria, allowing all current CSP owners to join, including those in the onboarding process. Each participant can submit one video per category, with the potential for additional clips that will not be compensated but can enhance their visibility in Arkreen's marketing materials. The bounty for each qualifying video is set at 2000 $AKRE, totaling 6000 $AKRE for all three categories. Furthermore, participants who submit videos in all categories will receive a bonus of 2000 $AKRE and a special Discord rank, fostering a sense of community and collaboration. The competition will culminate in a voting process where the Arkreen team and the community will determine the winners based on marketability and visual appeal. Prizes include 30,000 $AKRE for first place, along with recognition as an “Innovator,” while second and third places will receive 15,000 and 6,000 $AKRE respectively, along with their own unique ranks. Arkreen encourages all participants to join their Discord channel for support and to engage with the community. This initiative not only aims to enhance Arkreen’s marketing but also to celebrate the contributions of its dedicated solar power users, driving the future of sustainable energy together.

Hivemapper Network has announced a proposal to increase the price of map credits from $0.005 to $0.0075, effective January 1, 2025. This adjustment is part of a strategy to stabilize the price of map data for end customers while ensuring that the value accrued from customer spending benefits the Hivemapper Network. Map Credits, which are generated by burning HONEY, play a crucial role in this ecosystem, as developers must redeem them to access network data. The proposed increase aims to enhance the deflationary trajectory of HONEY by allowing a greater share of revenue to flow back into the network, thereby supporting its long-term sustainability. The Hivemapper Network operates on a Burn and Mint model, where map contributors earn HONEY for submitting data, while developers burn HONEY to access this data. This system is designed to balance supply and demand effectively. By raising the price of map credits, the network anticipates that developers will still find it viable to build value-added products, as the increased costs will be offset by the potential for higher profit margins. The leadership at Bee Maps, the first developer on the network, has expressed confidence that this price adjustment will not adversely affect network usage, indicating a manageable margin compression. Community engagement is encouraged as the proposal moves forward. Members of the Hivemapper community are invited to share their thoughts and feedback during a comment period from November 26 to December 2, 2024. The Hivemapper Foundation emphasizes the importance of collaboration in refining the network's design to achieve the goal of creating the world’s freshest map. This proposal reflects a commitment to both developer incentives and the overall health of the Hivemapper ecosystem.