powergod (@powergodgod) • Hey
Any man in the right circumstances could be dehumanised by panic
Publications
- What Web 3 accomplishes is granting unheard voices the opportunity to shine, to pursue their passions, and to challenge norms, establishing a lasting legacy without the reliance on certifications, money, validation, or any other traditional markers of success
Technology has given rise to digital fashion. I often say that without blockchain, digital fashion would not exist. Blockchain has also brought to life NFTs, enabling artists in fields like music, poetry, visual arts, and more to monetize their work and take ownership of their creative journeys
When I meet people who dismiss Web 3 and the technologies it contains, along with the opportunities it presents, I naturally say that they are neglecting their own potential🌹
- Will mainland China lift its bitcoin and cryptocurrency ban in three months?
- Things I would love to see Lens apps to work on
Improved onboarding experience and invite system
Fixing the cold start problem for newcomers
Improved notifications
UX friendly composers
Collect experience
Discovery
Profile management
Efficient content reporting and moderation
Very basic and not really new features but important for creating better social spaces.
- I love Hong Kong 🌳
- Wish I had written this song, but all the credit to Sasha Alex Sloan (cover by me)
A song very very close to my heart🩶🪽
- Motivational Monday
f*uck around : find out
🟢247:420🟣
Live Chat at https://bloomers.tv/b0gie
- What happened👀
- Collect the Internet
- priorities in life now
- The same way you decide what's "Decentralized", or not.
- Someone is going to get the Apple Vision Pro so that they can have infinite whiteboard space ✍️🏾
Illustration: Jonny Daenen
- Lenny's keyboard
- 2023 was foundational
2024 will be ______
- Careful out there
- ConnectKit themes are a beautiful and simple way to make your app stand out from everyone else.
Simple to theme and simple to configure a custom theme.
https://docs.family.co/connectkit/theming
- io.net: The World's Largest GPU DePIN Built on Solana
Ahmad Shadid is the Founder/CEO of io.net and Tory Green is the COO/CFO.
In this episode, we review into the world's largest GPU DePIN (decentralized physical infrastructure network) called io.net! This state-of-the-art decentralized computing network built on Solana is a great example to get us introduced to the fast-growing DePIN sector of crypto.
With the rise of AI and the growing demand for more GPUs in the public cloud, obtaining access to distributed computing resources presents several challenges including limited availability, rising costs, and a lack of choice. Ahmad and Tory teach us how io.net solves for these problems by aggregating GPUs from underutilized sources into an Airbnb-like marketplace to share and access massive amounts of computing power.
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🔗 Essential Show Links 🔗
► Subscribe on Youtube: https://youtube.com/@defidad
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► Learn about DeFi and Web3: http://defidad.com/
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The Edge Podcast Sponsor Resources
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------
Timestamps
00:00 - Intro
5:39 - Ahmad and Tory's background
9:44 - What is DePIN?
12:08 - Why is DePIN growing on Solana?
14:09 - Is there a GPU shortage or inefficient utilization?
18:59 - Solving a coordination problem among GPUs
20:42 - Why io.net is cheaper than centralized compute providers
22:57 - io.net vs legacy competitors
27:34 - Are there tradeoffs to using io.net?
32:08 - Live walkthrough of io.net
41:36 - io.net clustering is a big deal
45:14 - Fees for io.net
46:58 - Closing
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🔗 Guest Links 🔗
► io.net Website: https://io.net/
► Ahmad on Twitter: https://x.com/shadid_io
► Tory on Twitter: https://x.com/MTorygreen
► io.net on Twitter: https://x.com/ionet_official
► Tory's talk at Breakpoint 2023: https://x.com/ionet_official/status/1720813946641220079?s=20
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🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/
All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.
- We recently hit 2M comments on Lens 🥳 been following that comments are becoming more active for of engagement compared to writing posts
- Artist: Dr. Plague
Song name: Glow
Genre: Melodic Dubstep
99 editions, 3 WMATIC, 35% referral fee
- Dopex V2: Scaling Onchain Options
Bosslmp is an anonymous advisor to Dopex.
In this episode, we review the recently launched Dopex V2 for scaling onchain options in DeFi, including the CLAMM (concentrated liquidity AMM) and the soon to be released option AMM. Dopex is a decentralized options exchange built on Arbitrum to provide permissionless and non-custodial access to options trading.
Bosslmp describes the culmination of their work since 2022 to create an anti-fragile product for the most liquid onchain options that are composable, easy to use, and exercisable anytime.
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🔗 Essential Show Links 🔗
► Subscribe on Youtube: https://youtube.com/@defidad
► Subscribe on Apple: https://tinyurl.com/edgepod
► Subscribe on Spotify: https://tinyurl.com/edgepodspotify
► Subscribe on Linktree: https://linktr.ee/edge_pod
► Follow DeFi Dad: https://hey.xyz/u/defidad
► Follow Nomatic: https://hey.xyz/u/nomadic
► Follow 4RC: https://hey.xyz/u/4rcapital
► Learn about DeFi and Web3: http://defidad.com/
------
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https://metamask.io/portfolio/?utm_source=defidad&utm_medium=podcast&utm_campaign=pdapp&utm_content=episode101523
🥑 INSTADAPP | THE NEW AVOCADO WALLET AND MULTISIG
https://avocado.instadapp.io/
⚖️ KYBERSWAP | DEX AGGREGATOR, AMM, AND KYBER AI TRADING ANALYTICS
https://kyberswap.com/?&utm_source=KOL&utm_medium=post&utm_campaign=defidad&utm_content=overview
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https://www.ether.fi/
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------
Timestamps
00:00 - Intro
6:08- Bosslmp's background
11:59 - Why have onchain options not taken off yet?
15:36 - What worked in Dopex V1
19:23 - Dopex V2 CLAMM
32;06 - Target users for Dopex V2
34:11 - Incentivizing Dopex V2 users
36:49 - Drawbacks to CLAMM
39:19 - CLAMM assets, strike prices, and expiry dates
41:11 - Foundation for more DeFi options products
44:18 - Option AMM
50:31 - Trends among onchain options builders
53:27 - rDPX V2 explained
56:38 - rDPX fee capture
1:02:05 - Closing
------
🔗 Guest Links 🔗
► Dopex Website: https://www.dopex.io/
► Dopex V2 Medium Post: https://medium.com/@tztokchad/dopex-v2-a-new-era-in-onchain-options-92af1aeefa36
► Dopex Discord: https://discord.gg/dopex
► Dopex on Twitter: https://twitter.com/dopex_io
► Bosslmp on Twitter: https://twitter.com/Bosslmp75
------
🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/
All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. Nomatic holds DPX as of this podcast recording. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.
- Cardano founder interested in teaming up with Kraken
Following news reports that one of the largest cryptocurrency trading platforms in the world, Kraken, was seeking a partner to help it develop a Layer 2 blockchain, the founder of the Cardano (ADA) ecosystem, Charles Hoskinson, has offered to become this partner.
As it happens, Hoskinson shared an article about Kraken considering several major blockchain technology firms to help the crypto exchange achieve its goal and tagged Kraken’s chairman Jesse Powell, stating he was up for it and asking Powell to message him if he was too, according to the X post on November 13.
Indeed, Kraken is currently mulling over partnering with one of the leading names in the industry, among others, including Polygon (MATIC), Matter Labs, and Nil Foundation, to use their technology in a bid to keep up with a broader trend of crypto firms expanding into blockchain development.
Cardano’s continuous work
Whether or not it becomes Kraken’s partner of choice, the team at Cardano has been hard at work since the platform’s foundation, recently adding the non-custodial wallet platform Nami, developed by Alessandro Konrad, to its product family, earning it some criticism, which Hoskinson considers unfounded.
Its other achievements include the milestone Mithril 2 paper and strategic partnership with Polkadot (DOT), in which Input Output Global (IOG) plans to deploy Polkadot’s core blockchain SDK Substrate and the framework’s modular technology to create its ‘partner chain’ project, as Finbold reported on November 7.
Meanwhile, Cardano’s cryptocurrency, ADA, was at press time changing hands at the price of $0.36889, down 3.70% in the last 24 hours but still holding onto the gain of 4.08% across the previous seven days and a more significant 49.40% increase over the past month, as per data on November 13.
- is Life
- "It is very important to understand your users and the people that gain value from the system and technology you're building"—Sergey Nazarov.
Watch Sergey Nazarov discuss what he witnessed being built in Asia:
- Supra raises $24 million, coinbase invests, has announced a public token sale! I'm gearing up for SupraSaleDay, click the link below for future token airdrops
https://supraoracles.com/blastoff?ref=815c9-3006138
- When will skepticism toward blockchain technology end?
Sergey Nazarov believes it will be when the majority of people experience its value personally, similar to how social media showed everyone the value of the Internet.
- ⊱⊱╮ღ꧁☁️Sometimes when you are lost...☁️꧂ღ╭⊱≺
Life can sometimes feel like a complex maze 🥺, leading us into dark corners 🕷️
and seemingly dead-end paths 🔑.
But it is essential to realize that even when everything seems lost 😞 and hope appears to fade away 😔, there is always a glimmer of hope ✨ in the darkest corners of our being 🫀.
In fact, it is often the darkest periods of our lives 💖 that push us to explore our own capabilities 💪, reinvent ourselves, and discover our true potential 🦋. Despair can be a powerful catalyst for change. It compels us to question our past beliefs, behaviors, and choices 🥺 and seek innovative solutions to break free from the impasse 😔 and become better 🤭💪.
"The woman lost in the hope of butterflies."
☁️ 2 𝒲𝓂𝒶𝓉𝒾𝒸
☁️ 20 𝓮𝓭𝓲𝓽𝓲𝓸𝓷
☁️ 10 % 𝕣𝕖𝕗𝕖𝕣𝕣𝕒𝕝
- این روزها خلق تصاویر توسط هوش مصنوعی خیلی راحت و مرسوم شده. ازش خواستم تصویر دختری که در تهران زندگی میکنه رو برام خلق کنه. خیلی جالبه که در هیچکدوم ازین تصاویر دختر حجاب نداره. من واقعا نمیدونم این اقای هوش مصنوعی بر اساس چه دیتایی این تصاویرو خلق میکنه خب لعنتی حداقل سر یکیشون یه روسری الکی میزاشتی که باور کنم میدونی توی ایران چه خبره
- LimeWire Acquires BlueWillow Art App Amid Pivot to ‘All-In-One‘ AI Platform
Best known as a peer-to-peer music-sharing platform, LimeWire announced on Wednesday the acquisition of BlueWillowAI, a popular AI image generation platform. The deal follows LimeWire's launch of LimeWire AI Studio last month, which heralded the company's entry into the burgeoning generative AI sector.
Launched in January, BlueWillow claims over 2.3 million active members, with over 500 million images created so far this year. LimeWire said it plans to integrate BlueWillow’s proprietary text-to-image and image-to-image AI models into its AI Studio.
“Generative AI allows us to take the next evolutionary step with LimeWire: allowing anyone to become a creator,” LimeWire's Co-CEO Julian Zehetmayr told Decrypt in an email. “The acquisition of BlueWillow and the integration of its AI capabilities will help shape the future of content creation and creativity.”
Zehetmayr added: “By incorporating AI-driven image generation, we are providing anyone with the tools to enable them to unleash their creative potential and also democratize the digital creative space.”
This pivot into artificial intelligence is LimeWire's most recent strategy to reinvigorate the iconic brand. Last year, LimeWire resurfaced as an NFT marketplace with backing from Steve Aoki and Deadmau5 before shifting to AI last month.
“We are leveraging BlueWillow’s advanced AI capabilities, which are already established as a leading force in the AI content generation sphere,” Zehetmayr said. “BlueWillow version 4 is the default model in the LimeWire AI studio, and we are already working on a version 5 update.”
LimeWire's COO, Marcus Feistl, emphasized AI's role in supplementing rather than replacing human creativity.
“AI’s main strength in music creation is enhancing the creative process and making it easier," Feistl previously told Decrypt. “It’s not going to replace any one thing, though.”
Thanks to rapid advances in artificial intelligence since the launch of OpenAI’s Chat
- **Old School**
We’re taking it back to the old school on this one. 8-bit NES games, the discovery of hip-hop music, skateboarding on ramps we built on the street outside our home…
I originally called this song “Thursday”, which happened to be the day on which it was written. It’s one of the first songs I wrote. I was in high school, learning how to properly play the guitar. I had started playing finger-style guitar around this time, and figured out a funky right hand pattern which became the basis of the song. I played it quite a lot, but never made a proper recording. So it feels good to finally release this to the world!
Lastly, a note about the message in the lyrics - when I was younger, I really tried to be an optimist; I wanted to see the best in people and in the world. Sometimes it was really, REALLY hard. But I always tried, and keep trying to this day. So, this is a song dedicated to those constantly working on transcending our differences and lifting each other up - because we’re better off as a species that way.
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Mirror for 20% referral reward
#LMCC #Web3Music #Lens #ButtrflyFeaturedDrop #StableDiffusion
@buttrfly.lens @oohlala.lens @spinamp.lens @mixtape.lens @beatsapp.lens @creators.lens
- El Salvador's Bitcoin & Costa Rica's Blockchain Jungle: New Global Norms
*El Salvador's Bitcoin adoption and Costa Rica's Blockchain Jungle are setting new global standards, proving that emerging economies can be pioneers in tech innovation and sustainability.*
SAN JOSÉ, Costa Rica, Sept. 5, 2023 /PRNewswire/ -- In a world where the technological frontier is often dominated by established giants, two emerging economies are making waves that could ripple across the globe. El Salvador, the first country to adopt Bitcoin as legal tender, and Costa Rica, the birthplace of the transformative Blockchain Jungle conference, are setting new paradigms that challenge conventional wisdom. These nations are not just participants in the global conversation; they are becoming the conversation starters.
**The Bitcoin Surge in El Salvador**
El Salvador’s Bitcoin & Costa Rica’s Blockchain Jungle: New Global Norms
When El Salvador's President Nayib Bukele announced the adoption of Bitcoin as legal tender, the world took notice. The move was audacious, daring, and fraught with both potential rewards and risks. Despite the challenges, El Salvador has remained steadfast in its commitment to integrating cryptocurrency into its economic fabric. From planning a Bitcoin City powered by geothermal energy to launching blockchain-based national identification and land registry systems, the country is not merely adopting technology; it's adapting it to its unique needs and vision.
**Costa Rica's Blockchain Jungle: A Symphony of Sustainability and Innovation**
While El Salvador is making headlines with its crypto endeavors, Costa Rica is carving out its own niche at the intersection of blockchain and sustainability. The Blockchain Jungle conference, set to take place on November 16th in San José, is more than an event; it's a movement. With speakers like Nick Szabo, Perianne Boring, and Costa Rica's own Minister of Technology Paula Bogantes, the conference aims to position Costa Rica as a global hub for sustainable blockchain technology.
Juan C. Guerrero, Chief Executive Director of Blockchain Jungle, encapsulates the ethos: "Blockchain Jungle is a statement to the world that Costa Rica is ready to be a pioneer in sustainable blockchain technology. This is where the future of blockchain meets sustainability."
**A Tale of Two Paradigms**
What makes these initiatives in El Salvador and Costa Rica so compelling is not just their audacity but their authenticity. El Salvador is leveraging its Bitcoin adoption to attract foreign investment and provide financial services to the unbanked. Costa Rica, with its rich history of environmental conservation, is using blockchain as a tool for sustainable development. These are not mere experiments; they are expressions of each country's identity.
**The Global Implications**
The actions of El Salvador and Costa Rica have implications far beyond their borders. They challenge the notion that emerging economies are mere followers in the technological race. By embracing and integrating disruptive technologies like Bitcoin and blockchain into their national agendas, these countries are not just catching up; they are setting the pace.
**The Future is Now**
As we look to the future, the question is not whether emerging economies will participate in shaping global standards but how. The audacious steps taken by El Salvador in crypto adoption and Costa Rica in tech sustainability through Blockchain Jungle are not just local initiatives; they are global directives. They serve as a testament to the transformative power of innovation when it is aligned with national identity and purpose.
So, as the world watches, debates, and speculates, El Salvador and Costa Rica offer a glimpse into a future where emerging economies are not just players but pioneers. And in this future, it's not about who leads; it's about how we all move forward together.
- **Debt Switch** — seamlessly switch borrow positions. A purr-fect ending awaits 🐱
- Crypto Twitter Roasts Gary Gensler for Tech Neutrality Claims in AI Promo
**Securities and Exchange Commission chair has touted artificial intelligence (AI) as the “most transformative tech of our time.” The comments may have merit, but his claims that the SEC is “tech neutral” has caused outrage among the crypto community.**
On Aug. 15, SEC chair Gary Gensler made a lengthy post on the benefits of AI, likening the technology to the internet.
Gensler on AI and Securities Laws
“AI is used in finance for acct openings, compliance programs, trading algorithms, sentiment analysis, and more,” gushed Gensler. He added that, in his opinion, AI will continue significantly transforming science, technology, and commerce.
His waxing lyrical continued with a questionable declaration that the SEC is “technology neutral.” Furthermore, he declared that there may be implications for securities laws and his agency.
“We focus on the outcomes, rather than the tool itself. Securities laws, though, may be implicated depending upon how AI tech is used. Within our current authorities, we’re focused on protecting against both the micro & macro challenges of AI.”
He went on to state that enforcement action will continue even with AI because “fraud is fraud” under securities laws.
“The SEC is focused on identifying and prosecuting any form of fraud that might threaten investors, capital formation, or the markets more broadly,” he added.
**Interested in the latest developments around AI trading algorithms? Review our comprehensive guide.**
The comments regarding that tech neutrality claim came thick and fast:
“AI is a security,” someone quipped while others asked if ChatGPT was an unregistered security.
“What AI stocks do you own Gary? And why are you shilling it to us?” said another respondent.
“Is this seriously a setup for the argument that the SEC is the most appropriate agency to regulate it?” questioned another.
In Other AI and Crypto News
Moreover, the self-styled “cop on the beat” has taken matters into his own hands regarding digital assets and their underlying technology.
Cryptocurrencies have yet to be officially classified by Congress, but that hasn’t stopped the SEC from labeling them all as securities and investment contracts.
Gary Gensler appears to be pivoting from crypto to AI. Earlier this month, he warned that AI could cause a financial collapse due to opaque decision-making using deep learning.
He claimed that companies competing for the best client returns using algorithms could create market instability and volatility.
On Aug. 11, the US Department of Defense initiated “Task Force Lima” to explore the potential of generative AI in enhancing national security.
On Aug. 15, Fortune reported that current cutting-edge artificial intelligence is based on neuroscience from the ‘50s and ‘60s.
- Coinbase-incubated Layer 2 Base sees daily active users surge, boosted by friend.tech
The number of daily active users on the Coinbase-launched Layer 2, Base, surpassed 100,000 for the first time yesterday.
The metric topped 136,000 after reaching just under 100,000 the day prior — and is on pace to reach a new high today — according to data organized by TK Research on Dune.
The surge in activity may be attributed to a new social network project called friend.tech — a Twitter-connected app that allows users to trade "shares" of other users. Owning a share of a user on friend.tech provides both access to that user's content, as well as the ability to message that user.
When asked about the choice to develop and launch on Base, friend.tech's founder — known as "Racer" — told The Block that, though "most of the major L2s are pretty developer friendly, the main draw of Base was Coinbase being a trusted brand that we thought most people would feel comfortable using."
Base is a Layer 2 blockchain on Ethereum that aims to provide a secure, low-cost and developer-friendly way to build on-chain. It has been incubated inside the crypto exchange Coinbase and is built on the OP stack in collaboration with Optimism.
Base officially opened to the public — with over 100 apps and service providers — on Aug. 9.
About friend.tech's early popularity on the still-new Base, Racer also said: "We love the Base team; they have great energy. I think things are just getting started on there."
- Outlier Ventures and Futureverse to award up to null million to startups with new accelerator
https://www.theblock.co/post/244250/outlier-ventures-and-futureverse-to-award-up-to-1-million-to-startups-with-new-accelerator?utm_source=lens&utm_medium=rss
- U.S. Bank: Gen Z Prioritizes Values in Investment Choices but Struggles to Start
A new survey conducted by U.S. Bank has shed light on the investment behaviors and attitudes of Generation Z (Gen Z), revealing a generation driven by values but overwhelmed by the complexities of investing. The survey, conducted between May 12-24, 2023, included 3,000 active investors and 1,000 aspiring investors across various generations.
38% of Gen Z active investors define wealth as having a better quality of life. 65% of active Gen Z investors want to invest in causes they care about, with 85% willing to accept a return significantly less than the average return of the S&P 500. This willingness to sacrifice returns for values sets Gen Z apart from older generations.
Investors have been significantly affected by the current economic climate, with 34% expressing greater pessimism about their investments' future compared to the previous year. In response to recent economic developments such as inflation, escalating interest rates, and soaring costs, 79% have altered their investment strategies within the last three months. Illustrating the broader economic challenges, since 1980, there has been a 169% increase in college tuition, a 540% rise in the average home price, and the average student-loan debt has reached $37,000.
Social media's influence on young investors is notable, with more than 75% believing that social media makes investing look easy. Yet, 73% of Gen Z and 70% of Millennial investors are unsure where or how to begin investing. This paradox highlights the gap between perception and reality in the world of investment for younger generations.
Trust in financial advisors is higher among Gen Zers, with 62% trusting them more than any other generation. 50% seek financial advice from family, and 36% from YouTube. The survey also revealed that only 6% of all Gen Z investors do not compare their wealth and investment goals to others, contrasting with 26% of Gen X and 40% of Boomers.
Gunjan Kedia, vice chair of Wealth, Corporate, Commercial and Institutional Banking at U.S. Bank, stated, "It’s no wonder they are unsure about beginning an investing journey. But despite these headwinds, they are passionate about investing in causes they believe in and are seeking financial guidance."
The findings of the survey emphasize the need for tailored financial guidance for younger generations, who are navigating a unique economic landscape.
- “Wes Anderson style zoom” #SummerOfLens
- Comment on DeSo is Elon Musk and Jack Dorsey's Answer for Decentralized Social Blockchain by DeSo is Elon Musk and Jack Dorsey's Answer for Decentralized Social Blockchain
https://the-blockchain.com/2022/10/04/deso-is-elon-musk-and-jack-dorseys-answer-for-decentralized-social-blockchain/#comment-9629
- PepeMo is paving the way for the future with GenerativeAI and Web3.
Join the Matrix Revolution with projects like custom ChatGPT, AutoGPT, BabyAGI, AgentGPT, and more.
[Join the PepeMo-vement! | Linktree](https://linktr.ee/pepemovip)
Meme, AI, Fun! Break the Matrix PepeMo!
- Blockchain-Based, AI Compute Protocol Gensyn Closes $43M Series A Funding Round Led by a16z
[Blockchain-Based, AI Compute Protocol Gensyn Closes $43M Series A Funding Round Led by a16z](https://www.coindesk.com/business/2023/06/11/blockchain-based-ai-compute-protocol-gensyn-closes-43m-series-a-funding-round-led-by-a16z/)
The capital infusion comes as interest in AI surges. Gensyn said it would use the money to accelerate the start of the protocol and expand its workforce.
- Early-stage projects face a unique set of challenges with tokenomics design being vital to success.
💡The 12 MVB project teams deep dived into tokenomics design and the role of trading firms, check out some learnings below.
[MVB VI Inside The Labs: Designing Tokenomics & The Role of Trading Firms](https://binance.org/en/blog/mvb-vi-inside-the-labs-designing-tokenomics-the-role-of-trading-firms/)
Once projects have established their tokenomics, the next question is: what is the strategy for the token launch, and when should projects engage with trading firms?
- **Lens SDK 1.1 - Improvements in this release**
1) Momoka support
2) Self-funded transactions fallback
3) Bi-directional pagination traversing
4) Supports limited free collects
5) Several `LensClient` improvements
6) Bug fixes and minor improvements
**What's new?**
**Momoka support**
The Lens SDK React hooks now support Momoka publications. To start using Momoka today just upgrade to `@lens-protocol/react-web@latest` and the SDK will take care of the rest.
The Lens SDK will choose Momoka posts over on-chain posts automatically based on your collect settings. It will also know when comments and mirrors need to be on Momoka infrastructure based on the referencing publication.
**Self-funded transactions fallback**
Occasionally gasless transactions might not be available for a given profile. To provide continuity in your user experience you can now fallback to execute transactions using the user's funds to cover gas costs. More documentation is available here: https://docs.lens.xyz/docs/self-funded-transactions
**Bi-directional pagination traversing**
It's now possible to traverse paginated results in both directions (older and newer results).
This allows you to implement functionalities such as "pull to refresh" on a mobile app or fetch newer feed entries. See this example as a reference: https://github.com/lens-protocol/lens-sdk/blob/main/examples/web-wagmi/src/discovery/UseFeed.tsx#L63
**Supports limited free collects**
Last month we launched a new collect module called `SimpleCollectModule`. In this SDK release, you can leverage all its potential. For example, you can define a Free Collect with a limited number of NFTs to be minted.
**`LensClient` improvements**
We added `client.authentication.verify` and `client.authentication.getAccessToken` methods to enable extraction and verification of someone's API credentials.
- **Web3 Gamer: GTA 6 crypto rumors, Dr Who/Sandbox, Thai tourist NFTs review**
https://cointelegraph.com/magazine/web3-gamer-gta-6-crypto-doctor-who-in-the-sandbox-thai-tourist-nfts-review/
- Today marks our 1 Year Anniversary of making friends onchain 🎂!
Thank you to everyone who has made the first year of Lens Protocol so special and groundbreaking. Lens has brought together builders, creators, communities, and friends, all while in beta.
There's so much planned for the second year ahead, and we can't wait to continue to grow with all of you.
Who did you become frens with on Lens?
🎨 by @nftsushi.lens and all collect proceeds go directly to the artist.
- **Bitcoin network buckles under weight of BRC-20’s runaway success**
Two months after the launch of BRC-20 standards, the Bitcoin blockchain has become a popular destination for memecoins, a cryptocurrency market niche previously dominated by Ethereum. The market capitalization of Bitcoin-based memecoins has surged from around US$130 million at the beginning of May to over US$588 million at press time, triggering congestion on the world’s oldest blockchain network.
BRC-20 is an experimental token standard based on the Bitcoin blockchain, introduced on March 9 this year by pseudonymous blockchain enthusiast “Domo.” Inspired by the Ethereum blockchain’s ERC-20 standards, BRC-20 allows users to issue fungible tokens through Bitcoin’s Ordinals protocol. On the same day, Domo launched the first BRC-20 token, Ordi.
More than 14,300 BRC-20 tokens have been issued on the Bitcoin blockchain since the standard was launched, according to blockchain data tracker BRC-20.io. Memecoins including ORDI, PEPE Ordinals (not to be confused with the Ethereum-based PEPE memecoin), and MEME have taken the lead in terms of market capitalization, with ORDI’s market cap currently topping US$300 million, almost-two thirds that of all BRC-20 tokens combined.
Memecoins are cryptocurrencies, such as Dogecoin and the Shiba Inu token, that started as a joke or meme. Memecoins typically have no underlying utility, but some have attained market caps in the billions of dollars. Memecoin prices are usually extremely volatile, and their popularity and values are driven mainly by fads and a herd mentality.
The prices of BRC-20 tokens have been on a roller coaster in the past several days, with their total market cap exceeding USnull billion on Monday, plunging more than 28% to around US$689 million on Tuesday, and sliding some more to under US$580 million on Thursday evening in Hong Kong, according to BRC-20.io.
The BRC-20 memecoin surge has driven up transaction fees on the Bitcoin blockchain and put the network’s capabilities to the test. Transaction fees for minting tokens using the Bitcoin Ordinals protocol reached more than 151 BTC on May 9, an almost 40-fold increase from 4.30 BTC on March 9 when the BRC-20 standard was introduced, according to blockchain data analytics platform Dune Analytics.
Driven by surging transactions and fees on the Bitcoin network, crypto exchange Binance suspended Bitcoin withdrawals twice ― once on May 7 and again on May 8 ― triggering a drop in cryptocurrency prices.
Transactions made by Binance users could not get picked up by Bitcoin validators, as the withdrawals fees charged by the exchange were lower than those charged by the miners, according to a Bloomberg report that quoted Stefan von Haenisch, head of sales trading at digital asset brokerage OSL SG in Singapore.
Driven by blockchain users seeking alternatives to high Bitcoin transaction fees, the Litecoin blockchain has logged record-high daily transactions this week. Transactions on Litecoin topped 525,000 on Monday, more than five times higher than the start of the month, according to blockchain data platform BitInfoCharts.
Bitcoin’s Ordinals protocol was introduced in January and allows data such as text and images to be inscribed on the Bitcoin blockchain, a function similar to that used in the minting of non-fungible tokens.
Bitcoin’s embrace of memecoins helped the network achieve record-breaking transaction figures in the past week, but keen-eyed observers of the surge noticed that the dollar value of many transactions shrunk from USnull,000 to USnull. This downshift in value brings Bitcoin’s on-chain behavior into line with other chains able to host tokens.
It’s a good sign for Bitcoin, but a terrible one for the environment. Bitcoin is notoriously slow at updating. Of all the nodes on the Bitcoin network that are reachable (some hide behind VPNs to avoid detection) currently only around 36% run the latest version of Bitcoin’s core software.
That makes upgrading all nodes difficult and makes changes to Bitcoin’s core software a challenge. Introducing the BRC-20 token standard is a demonstration that change is possible on the network. But one change that hasn’t been considered is Bitcoin’s horrendous energy consumption.
Bitcoin, now the only large blockchain running on a proof-of-work protocol, continues to tax energy grids across the world. The surge in transactions has increased the power needed to keep the network running. Although Bitcoin’s electricity consumption has fallen significantly below its usage from a year ago, it represents a problem for the long-term sustainability of the network and the planet.
If the trend toward smaller transactions accelerates, expect Bitcoin to become a burden on energy grids once again, perhaps even forcing miners out of their adopted homes in such eco-unfriendly places with artificially low energy prices as Texas.
- PayPal’s Venmo Rolls Out New Crypto Transfer Service
https://www.digitalmoneybox.com/news/cryptocurrency/paypals-venmo-rolls-out-new-crypto-transfer-service
- Ferrari BTC Purchase Gone Wrong and A Scam Story From Morocco
https://cryptopotato.com/ferrari-btc-purchase-gone-wrong-and-a-scam-story-from-morocco-report/
- Introducing Bonsai, an Optimistic L3 scaling solution, that will process transactions at hyper-scale, and is designed to support the next generation of web3 social users.
Available for Lens devs in closed beta today.
Data availability layers are utilized to prevent storing information on-chain. While content on Lens may include an on-chain transaction, the content data is linked to a data availability location, like Bonsai.
Bonsai serves as a scaling solution that processes Polygon transactions off-chain, achieving hyperscale and reducing costs. Unlike L2 solutions, Bonsai doesn't compress transactions into L1, it sends and stores them on a data availability layer.
The main challenge for decentralized social networks is to ensure that users have control over their content, while still being just as user-friendly as traditional social networks.
Bonsai makes the future of decentralized social possible.
We've worked relentlessly with the @bundlr-network.lens work and Arweave teams to ensure scalability by providing Data Availability (DA) guarantees, allowing the use of Ethereum Virtual Machine (EVM)-supported wallets to save DA logic and facilitating the rapid publishing of data.
Permissionless innovation is at the core of everything we do on Lens. As we approach one year on mainnet (still in beta), we have been blown away by the talent and passion in our dev community but we realize in order to scale to the masses, we need to build new solutions.
Bonsai is currently only being beta tested on @lensterxyz.
We look forward to seeing more applications roll out Bonsai.
Dive into the dev docs here: https://docs.lens.xyz/docs/data-availability-post
Explore: bonsai.lens.xyz
Read our latest blog here: https://mirror.xyz/lensprotocol.eth/3Hcl0dGE8AOYmnFolzqO6hJuueDHdsaCs3ols2ruc9E
- OFAC Sanctions Target Supporters of North Korean-Linked Lazarus Group
[crypto news - OFAC Sanctions Target Supporters of North Korean-Linked Lazarus Group](https://cryptonewsgap.com/crypto-news/crypto-news-ofac-sanctions-target-supporters-of-north-korean-linked-lazarus-group/)
crypto news, The Department of Foreign Asset Control (OFAC) coordinated with South Korea to sanction three individuals that the agency said provided material support
- xNFTs... What the Heck are They? [NFT Of The Month]
Full episode: https://www.youtube.com/watch?v=TgmD4ede9JY
- Ana's potato army 🥔
#3 "@m1guelpf.lens purple haired dev potato"
- Thank you @vibing.lens @christina.lens @opoptoe.lens @andreih.lens @nader.lens @punkess.lens @alexanderguy.lens @huugo.lens @lindseymills.lens for collecting my post and supporting Sarah and Sweetwater Coffee in Dillon, MT!
Sarah was delighted to see people wanted to support her 🤩—> story here https://lenster.xyz/posts/0x24-0x0829
As she is not web3 native I met up with her to hand her the cash from the collects revenue of her post. Here’s her reaction: