Multiple Network

XProtocol has officially announced the launch date for its innovative crypto-powered Android phone, the XForge, set for October 30, 2024. This entertainment-focused Ethereum layer-3 network is offering a pre-sale of 10,000 units, each priced at $299. The launch follows a successful Xardian node sale aimed at empowering and rewarding communities. According to Dragonix, a contributor to XProtocol, the initial pricing is expected to increase after the first batch. Each phone will also come with free Xardian Nodes, allowing users to participate in the DePIN network and earn various cryptocurrency-based incentives directly from their devices. In addition to the phone launch, XProtocol has completed multiple fundraising rounds totaling $5.2 million, with participation from notable investors such as Dragonfly Capital, Coinfund, and Razer. The company’s unique proposition lies in its use of Base superchain technology, which provides a scalable and developer-friendly platform for entertainment and gaming projects. XProtocol is compatible with all Ethereum Virtual Machine (EVM) projects, facilitating easy migration and offering tools for developers. The upcoming dApp store on the phone will serve as a gateway for users to access web3 applications built on the XProtocol superchain. The XForge is designed with high-end specifications tailored for gaming, featuring an Octa-Core CPU, Dual Nano SIM capability, a 6.67” AMOLED display, 8GB of RAM, and 256GB of storage. The inclusion of Xardian nodes aims to enhance network decentralization, with operators earning rewards for their participation in the consensus process. Furthermore, XProtocol has locked in 20% of its total token supply for node license holders, to be distributed over 36 months following the mainnet launch later this year. With a team experienced in web3 gaming, XProtocol is poised to revolutionize blockchain-based gaming, enabling creators to develop and scale consumer-focused products effectively.

The Streamr team has reached a significant milestone with the completion of their 1.0 Mainnet, marking the end of their 2017 roadmap. This achievement allows the team to transition from research and development to focusing on full protocol adoption. The overarching goal remains to revolutionize the data streaming landscape through decentralized, peer-to-peer technology. The team has successfully built a feature-complete decentralized publish/subscribe network, incorporating elements such as censorship-resistant messaging, end-to-end encryption, and a robust tokenomics model designed to incentivize operators. However, the journey ahead involves redefining a multi-billion dollar industry dominated by established players, and the team is calling for community support to achieve this vision. Currently, the Streamr DAO is voting on SIP-22, which proposes to unlock an additional 100 million DATA tokens from reserves to fund ongoing development as existing funds are projected to run out early next year. The current monthly project expenses are around $230,000, with a notable decrease in development costs since the completion of major tech building blocks. The allocation of resources is strategically focused on marketing, protocol development, and operational costs, with the aim of achieving a 30% growth in network usage and diversifying funding sources. The team is also prioritizing the delivery of high-profile use cases, including live video broadcasting, to demonstrate the network's capabilities. Streamr is actively pursuing commercial adoption across various sectors, including decentralized physical infrastructure networks (DePIN), live video streaming, defense communications, and AI integration. The team has onboarded multiple partners and is exploring innovative use cases that leverage the unique strengths of the Streamr Network. With a focus on enhancing video delivery and establishing secure communication channels for defense applications, Streamr aims to position itself as a leader in decentralized cloud technologies, contributing to a more resilient data management ecosystem. As the community prepares to vote on SIP-22, the team emphasizes the importance of collective participation in shaping the future of the Streamr Network.

As Bitcoin approaches the possibility of reaching a new all-time high (ATH) by the end of the year, the cryptocurrency market is buzzing with anticipation of an impending bull run. Despite this excitement, the altcoin season has yet to commence. In the midst of this landscape, there has been a notable surge in interest surrounding artificial intelligence (AI) tokens. Recent analyses of on-chain data have spotlighted five top-performing AI tokens that have shown significant growth over the past month, making them worth monitoring for potential investment opportunities. Leading the pack is $TAO, which has experienced an impressive increase of 104%. With the largest market cap among AI tokens, $TAO has a unique situation where 37% of its tokens are set to be unlocked over the next year, while a substantial 77.7% of its circulating tokens are currently staked. Following closely is $ARKM, which has gained 81.8% and is expected to have 77.5% of its tokens unlocked over the next six years. Market maker Wintermute is believed to hold around 10% of the circulating supply, adding to its credibility. Other notable tokens include $WLD, $TAI, and $FET, each with their own unique attributes and backing that contribute to their rising popularity. The evolving cryptocurrency landscape presents these AI tokens as compelling opportunities, especially as the market remains cautious regarding altcoins. With the potential for a bull run on the horizon, Spot On Chain is set to launch a series of analyses across multiple altcoin categories to provide a comprehensive overview for investors. As always, it is crucial for investors to conduct thorough research before making any decisions in the dynamic world of cryptocurrency.

In a significant development within the blockchain and AI sectors, io.net, a pioneering decentralized physical infrastructure network (DePIN) GPU platform, has announced a strategic partnership with ParallelAI. This collaboration aims to enhance the capabilities of both platforms by integrating io.net's tools into ParallelAI's infrastructure, which specializes in parallel processing optimization for AI applications. The partnership is expected to bolster GPU computational facilities on IO Cloud, particularly through the deployment of A100 GPUs, allowing AI developers to efficiently conduct tasks such as large language model (LLM) training and distributed deep learning. The partnership will not only focus on expanding computational resources but also on joint research and development efforts. By leveraging their combined expertise, io.net and ParallelAI aim to push the boundaries of GPU cloud computing, setting new standards for performance and efficiency. This collaboration follows io.net's previous partnerships, including a notable alliance with FLock to develop a Proof-of-AI (PoAI) consensus mechanism, further solidifying its position in the AI and DePIN landscape. ParallelAI's innovative approach allows developers to write high-level code while the platform manages parallel computing across multiple GPUs and CPUs. This can lead to a remarkable reduction in computational time—up to 20 times faster—and significant cost savings. By utilizing decentralized GPU clusters on demand through IO Cloud, ParallelAI can scale its operations seamlessly, ensuring clients have reliable access to the computational power needed for intensive AI workloads, with potential savings of up to 90% compared to traditional cloud services.

Aleph Zero, a prominent blockchain platform known for its emphasis on privacy and scalability, has announced the launch of its zero-knowledge operating system (zkOS) feature called Shielding on its EVM Testnet. This innovative technology allows zero-knowledge proofs to be generated directly on users' devices, enhancing privacy while maintaining transaction speed. The Shielding Demo showcases the platform's capability to deliver ZK proofs in an impressive timeframe of 0.5 to 3 seconds, thus ensuring that user privacy does not hinder performance. Adam Gagol, Co-Founder and CTO of Aleph Zero, emphasized that this release addresses the long-standing challenge of privacy in blockchain by providing a seamless user experience without sacrificing speed. The Shielding Demo serves as an intuitive interface for users to engage with Aleph Zero's zkOS privacy layer. The process involves generating zero-knowledge proofs locally, sending transactions to a relayer, and executing them on-chain—all while ensuring data privacy. This client-side approach is a significant departure from traditional server-side methods, as it empowers users to maintain control over their data. Aleph Zero's roadmap for zkOS includes plans for additional features like ZK-ID and anonymity revokers, aimed at enhancing both user privacy and protection against fraudulent activities. As Aleph Zero progresses with the Testnet release, the focus will shift towards refining the Shielding feature for its Mainnet deployment. Users participating in the Shielding Demo will have the chance to be whitelisted for upcoming zkOS Beta testing on Aleph Zero’s EVM Mainnet. The introduction of zkOS is poised to revolutionize the privacy landscape in blockchain, addressing regulatory concerns while enabling secure asset management across multiple blockchains. Aleph Zero's commitment to developing practical privacy solutions positions it as a critical player in the evolving web3 ecosystem.

FILLiquid, a new platform based on Filecoin, has recently launched FIG Staking, allowing users to earn yield by staking its governance token, FIG. This innovative product employs a revenue-sharing model that enhances the utility of the FIG token, enabling holders to claim a portion of the platform's transaction fees. Since the launch of FILLiquid's FIL liquidity protocol in August 2024, the platform has rapidly gained traction, amassing over $2.5 million in Total Value Locked (TVL). The FIG Staking launch saw nearly 1 million $FIG staked within just two hours, indicating strong interest from the community in engaging with the protocol more deeply. The introduction of FIG Staking not only broadens the use of the FIG token beyond governance but also provides stakers with access to transaction-based revenue. Users can participate by depositing FIG into the staking product, with rewards accumulating as more transactions and loans occur on the platform. The staking process requires users to choose a deposit period, with longer commitments yielding higher rewards. The initial dividends will be distributed manually on specific dates, offering FIG holders multiple opportunities to begin staking and benefit from the platform's growth. FILLiquid aims to solidify its position within the Filecoin ecosystem by enhancing liquidity for storage providers, thereby promoting sustainable storage power growth. The protocol's algorithmic interest rate model is designed to unlock liquidity for storage providers, addressing the challenges they face in making consistent FIL pledges. With a team experienced in the crypto space and a proven track record, FILLiquid is poised to become a significant player in the DeFi landscape, providing innovative solutions for both token holders and storage providers alike.