Decentralized

Integration of Chainlink Data Streams in Synthetix v3 Protocol

Saturday. August 10 at 3:00 PM

1 min. read

Synthetix's upcoming v3 deployment on the Arbitrum network will incorporate Chainlink Data Streams following unanimous approval by its governing council. Chainlink's Data Streams offer pull-based oracles for real-time onchain data delivery, enhancing performance and security for decentralized derivatives exchanges like Synthetix. The integration aims to bridge the gap between centralized and decentralized exchanges, positioning Synthetix as a permissionless derivatives liquidity platform. Chainlink's expansion includes collaborations with Avalanche and Gnosis networks, providing users with enhanced functionalities and reduced gas fees. The proposal for Data Streams integration on alternative networks like Optimism and Base is contingent on the success of the Arbitrum implementation. This strategic partnership signifies a significant step towards advancing on-chain financial products and market reliability.

More news 🗞️

The Rise of DePINs in Web3

Tuesday. September 10 at 8:00 PM

Decentralized Physical Infrastructure Networks (DePINs) are revolutionizing the Web3 landscape by connecting physical infrastructure with decentralized technologies. Leading global enterprises have embraced DePINs to expand service accessibility, enhance ownership, and bolster security in infrastructure systems. DePINs utilize native tokens to incentivize participation, supporting the development of both physical and digital networks. Industry experts predict the emergence of trillion-dollar DePIN giants akin to Amazon's AWS cloud service due to the growing demand for decentralized connectivity solutions. Major players like Lufthansa and Deutsche Telekom have launched DePIN blockchain nodes to power the Peaq network, valued at over $170 billion. These nodes play a crucial role in maintaining blockchain ledgers and verifying transactions, contributing to network security and decentralization. Enterprise adoption of DePINs is vital for sector growth, attracting new users to the crypto space and fostering collaborations with innovative enterprises worldwide.

Decentralized

Enhancing Crypto Trading with Maestro

Tuesday. September 10 at 12:00 PM

Maestro is a cutting-edge project in the cryptocurrency realm, offering automated solutions to assist traders in navigating the volatile market. The platform aims to simplify trading, increase efficiency, and reduce stress by leveraging advanced technology and trading bots. With support for various decentralized exchanges and trading pairs, Maestro caters to traders of all experience levels. It stands out with advanced trading features and a generous referral program, positioning itself as a leader in the crypto trading space. The platform's global outreach, diverse language communities, and strategic partnerships contribute to its popularity and effectiveness. To learn more about Maestro and its offerings, visit the official website and follow its social media channels. However, readers are advised to conduct further research before engaging in any trading activities, as cryptocurrency trading carries inherent risks.

Decentralized

Decline of Decentralized Social Media Platforms

Tuesday. September 10 at 10:30 AM

Decentralized social media platforms like Farcaster, Lens, and Friend.Tech, once seen as revolutionary, are now struggling. In the latter half of 2024, these platforms have seen a significant decrease in user activity, marking a shift from the initial excitement surrounding SocialFi. Farcaster, founded in 2020, aimed to offer users control over their data and interactions but has experienced a sharp decline in user interest despite a $150 million investment. Lens Protocol and Friend.Tech have also faced dwindling user engagement. The issue seems to stem from these platforms merely replicating existing Web2 social media features without enhancing user experience. This trend highlights a broader problem in the crypto ecosystem, where investor confidence and user interest can quickly fade. Friend.Tech even relinquished control of its platform, signaling a challenging future for these decentralized social media ventures.

Decentralized

PIN AI Secures $10M in Funding and Joins a16z Crypto Startup Accelerator

Tuesday. September 10 at 12:30 AM

PIN AI, an artificial intelligence infrastructure company, has raised $10 million in pre-seed funding and become part of the Fall 2024 cohort of the a16z Crypto Startup Accelerator. The startup is dedicated to creating the first open-source Personal Intelligence Network (PIN), which directly competes with Apple's recent Apple Intelligence AI solution. PIN AI offers a privacy-focused, decentralized alternative to Apple Intelligence, accessible on various devices. By utilizing blockchain technology and advanced AI models, the platform allows users to manage their data securely across multiple applications. The co-founders of PIN AI emphasize the importance of protecting user freedom from major internet companies and reclaiming profits generated from user data. Additionally, a recent international meeting aimed to establish a treaty regulating AI models based on human rights and democratic values, signaling progress towards global AI unification.

Decentralized