Tag Archives: Artificial Intelligence (AI)

REI Network partners with Imagen AI to empower Web3 creators, offering zero-fee minting, seamless NFT creation, and decentralized opportunities. REI Network has partnered with Imagen AI, the world’s first decentralized social network powered by AI, to revolutionize the AI and Web3 experience. The announcement was made from the official X account of REI Network. As mentioned earlier, REI Network is built on a high performance zero fee blockchain. It is light in weight, compatible with EVM, and...

Frax Finance plans to rebrand its stablecoin as frxUSD. New AI agents and Frax’s technology stack will transform DeFi. Frax Finance lays out its aggressive 2025 Vision Roadmap, looking to position the brand as the decentralized cryptocurrency’s central bank. The decentralized stablecoin protocol is set to introduce a new string of advancements. It plans to enhance tokens, drive blockchain innovation, and release AI agents across its ecosystem. The Frax platform is supporting several...

DWF Labs commits a $20 million fund to support innovative Web3 projects, blending AI and blockchain to transform industries. DWF Labs, a new-generation crypto market maker and investor, has launched a $20 million fund to support the development of autonomous AI agents. This move highlights their commitment to pushing the boundaries of AI and blockchain technology. According to the blog post, the fund is to invest in Web3 projects that are developing new AI solutions. These solutions will...

In line with a broader trend among major tech firms, Chinese e-commerce behemoth Alibaba is downsizing its metaverse operations. The restructuring, which aims to improve efficiency, led to layoffs in Yuanjing, Alibaba’s metaverse unit, as the company recalibrates its focus in this sector. Downsizing Metaverse Unit According to the report by South China Morning Post, which is also owned by Alibaba, this move has affected “dozens” of employees. The layoffs reportedly impacted...

The advancement of computing power over the past few decades has been extraordinary. As computers become more powerful, hackers gain access to more sophisticated tools to launch attacks against crypto platforms. The threat of quantum and AI-driven hacks will soon be a major challenge for crypto entrepreneurs and developers. Web3 hacks are one of the biggest challenges the industry is facing and a significant barrier to institutional adoption and mainstream usage. According to...

On Oct. 22, Chainling announced the results of its industry-wide corporate actions initiative involving major financial players such as Euroclear, Swift, UBS, Franklin Templeton, and Sygnum Bank. Blockchain ecosystem partners included Avalanche, ZKsync, and Hyperledger Besu networks. The oracle provider successfully demonstrated how artificial intelligence, oracles, and blockchains “can solve a decades-long unstructured data challenge in finance.” Automating Corporate...

TL;DR Santiment ranked Oasis Network (ROSE) as the top AI cryptocurrency in development activity. Despite its 80% price rally over the past month, Artificial Superintelligence Alliance (FET) did not make the list. The Leaderboard Artificial Intelligence (AI) cryptocurrencies have been quite trendy lately due to the rising prices of many of the tokens encompassing that niche. The crypto analytics platform Santiment recently ranked the top 10 such assets in terms of monthly...

The Hong Kong Monetary Authority (HKMA) has introduced new guiding principles for the use of generative artificial intelligence (AI) in consumer-facing applications, aimed at protecting end-users. These principles build upon the guidelines that were released in November 2019 and relate to big data and AI. The changes include governance and accountability, and integrity standards, including fairness, transparency and disclosure, data privacy, and protection. Alan Au, the executive director of...

Coinbase is launching a new initiative to explore the integration of artificial intelligence (AI) with cryptocurrency wallets. The company has introduced an accelerator grant program offering $3,000 to each of five selected projects that demonstrate innovative ways to combine AI with crypto wallets. The purpose of this paper is to discuss how large language models (LLMs), including ChatGPT by OpenAI and Claude by Anthropic, can control funding operations using blockchain. According to...

In a candid conversation during EthCC, Greg Osuri, the founder of Akash Network, shares insights into his journey, Akash’s inception, and the future of decentralized cloud computing. Osuri’s venture into the world of decentralized cloud computing began long before Akash Network. Osuri, an experienced entrepreneur, first made waves with AngelHack, the largest hackathon-based accelerator globally. “Before AngelHack, hackathons were a very underground concept, and we made them...