Latest Deeper News

Polygon Ventures and Amber Group co-led a funding round for Edge Matric Chain (EMC), a project focusing on decentralized AI applications. EMC plans to launch a Layer-1 blockchain for AI, enhancing GPU computing capabilities. The investment will introduce a new asset class in decentralized finance, backed by tokenized GPU resources. This move signifies Polygon's deeper expansion into AI and DePIN sectors. The rise of AI and DePIN is a top trend in 2024, with projections of adding $20 trillion to global GDP by 2030. UAE firms have launched a $500 million fund for DePIN and AI development, while Vitalik Buterin sees DePIN as crucial for DeFi. The market capitalization of DePIN is nearing $19 billion, with projects like Render and Bittensor leading the way.

Click, a mobile app utilizing the Nodle Network, is set to combat misinformation by enabling users to capture and publish authenticated content. It has partnered with Lens Protocol, an open social platform that promotes content ownership. This collaboration introduces a 'Share to Lens' feature, allowing 'Deep Reals'—photos and videos with digital authenticity proofs—to be shared on the Lens decentralized social web. The integration facilitates the distribution of verified media, enhancing its reach and engagement. Users can verify the authenticity of content captured with Click, ensuring it is not AI-generated or altered, and maintain ownership as it is shared on Lens. The partnership aims to deter misinformation in the digital age, especially amid the surge of generative AI. Both Nodle Network and Lens Protocol are looking forward to deeper integration with the Elastic Chain, a ZK rollups network powered by the ZK Stack, for advanced content distribution and user profile interoperability.