Omnity Network, an omnichain hub built on the Internet Computer (ICP), announces its strategic partnership with Osmosis, the premier interchain DEX and DeFi hub for Cosmos and beyond. The partnership will allow the seamless bridging of Chain-Key Bitcoin ($ckBTC), a non-custodial Bitcoin token on the Internet Computer blockchain, to Cosmos through Osmosis. This will create the largest and most robust solution for bridging non-custodial BTC into the Cosmos ecosystem, providing unparalleled security and integration for ckBTC holders. To date, the Osmosis DEX has a cumulative trading volume of $35 billion and more than 100 separate blockchains have connected to the Osmosis appchain via IBC and various bridge providers. By connecting ckBTC to one of the most popular DEXs, the partnership will expand the reach and functionality of ckBTC, contribute to the existing $16M in BTC liquidity on Osmosis, and forge a new connection between the ICP and Cosmos ecosystems, enriching liquidity and cross-chain functionality.

Omnity’s cross-chain functionality relies on Chain Fusion, which allows ICP smart contracts to directly sign and submit transactions to other chains. Omnity Network leverages this capability to act as a Bitcoin Asset Hub, seamlessly bridging ckBTC and other Bitcoin assets to different blockchain networks. With the integration of Omnity with Osmosis, ckBTC can be securely transferred across multiple blockchains, reducing transaction costs, minimizing latency, and enhancing security.

Speaking on the integration, Sunny Aggarwal, Co-Founder of Osmosis said, “Cosmos has reached a state where the technology stack is capable of supporting hyperbitcoinization, and Osmosis will play a significant role in the Bitcoin renaissance by unifying BTC liquidity across the DeFi ecosystem. This joint effort with Omnity and the ICP community supports increased Bitcoin utility and interoperability and lets users do more with their BTC than just hold it.”

Through the partnership, Omnity has developed an on-chain route to connect Osmosis with ICP’s ckBTC subnet through its omnichain hub, enabling secure cross-chain transactions with low fees and fast finality. This route verifies cross-chain messages between the Bitcoin network, including Layer 2 solutions, and Osmosis, facilitating trustless asset transfers like ckBTC without relying on off-chain processes. By integrating ICP’s Chain Fusion technology and leveraging IBC protocol, Omnity strengthens interoperability between Bitcoin assets and the Osmosis ecosystem.

“Unlocking interoperability and a cross-chain pathway between ICP and Cosmos is an exciting moment for Omnity. Through the use of the on-chain route, we are providing a specialized smart contract that ensures secure and efficient communication between the two networks, and is part of our broader interoperability stack,” said Louis Liu, Co-Founder and CEO of Omnity Network.

Speaking on the importance of the partnership between Omnity and Osmosis, Founder and Chief Scientist at DFINITY Dominic Williams said, “ckBTC is the first and only trustless bitcoin twin, which is backed by math and native blockchain security, rather than crypto ‘bridges’ whose operators must be trusted. It can be transferred with low seconds finality and relatively miniscule fees on the Internet Computer, or at the speed and cost of other blockchains that integrate. The partnership between Omnity and Osmosis, a widely-used DEX, makes ckBTC available on Cosmos, illustrating the potential of BTC within decentralized finance and advancing the cause of cross-chain interoperability.”

About Internet Computer

The Internet Computer (ICP) is a groundbreaking blockchain platform supporting secure, scalable, decentralized applications. ICP offers a scalable, secure and cross-chain solution. Its Chain Fusion technology integrates Bitcoin directly into the network via ckBTC, allowing ICP smart contracts to read and write directly to the Bitcoin network. Chain Fusion enables secure, trustless asset transfers and an exceptional user experience.

Official Channels

Internet Computer Official Website: https://internetcomputer.org/
ICP Hubs Network on X: https://x.com/ICPHUBS
Internet Computer on Telegram: https://t.me/+m8tiEFaaNR8xNjNl
Internet Computer on Medium: https://medium.com/dfinity
ckBTC on CoinMarketCap: https://coinmarketcap.com/currencies/chain-key-bitcoin/

DFINITY Official Website: https://dfinity.org/
DFINITY on X: https://x.com/dfinity
DFINITY on Youtube: https://www.youtube.com/dfinity
DFINITY on Reddit: https://www.reddit.com/r/dfinity/

About Omnity

Omnity is a trustless omnichain hub that can connect any Layer 1 (L1), Layer 2 (L2), or Layer 3 (L3) blockchain. Leveraging the Internet Computer’s Chain Fusion and Omnity’s modified IBC technology, Omnity provides a secure, trustless, and highly scalable multi-chain hub with a 100% on-chain tech stack, enabling continuous interactions across diverse blockchain ecosystems.

About Osmosis

Osmosis is the premier interchain DEX and DeFi hub for the Cosmos ecosystem and beyond. To date, the Osmosis DEX has facilitated over US$34 Billion in trading volume, and more than 100 separate blockchains have connected to the Osmosis appchain via IBC. Osmosis is home to an ever-expanding suite of DeFi applications, merging native tooling with powerful third-party integrations to provide a one-stop experience that raises the bar over centralized exchange offerings.

In the realm of decentralized finance (DeFi), innovation is key to driving the industry forward. With the emergence of DEGFun, a new wave of revolution is sweeping through the world of microcap trading. DEGFun represents a significant shift from traditional decentralized exchange (DEX) models, offering a fresh framework for financial transactions that prioritizes transparency, accessibility, and empowerment.

One of the standout features of DEGFun is its innovative approach to token launches. Through mechanisms like initial DEX offerings (IDOs) and liquidity pools, DEGFun provides a platform for projects to raise capital while offering early investors unique opportunities to engage with emerging tokens. This democratized investment model not only opens doors for a diverse range of projects but also enriches the DeFi space with cutting-edge solutions.

The $DEGFUN token lies at the heart of the DEGFun ecosystem, designed with a deflationary mechanism that bolsters its value and sustainability. A 5% fee structure on all trading activities plays a crucial role in driving the economic model forward, incentivizing active participation while creating a circular economy within the platform.

Joining the Movement

Engaging with DEGFun is not just an opportunity; it’s a call to action for anyone interested in the future of decentralized finance (DeFi). As the DeFi revolution continues to gain momentum, DEGFun provides a unique platform for individuals to contribute, collaborate, and benefit from the transformative changes happening in the financial landscape. Whether you are an investor, developer, or simply an enthusiast of blockchain technology, there are numerous ways to get involved.

For developers, DEGFun invites you to utilize its token launcher and liquidity management tools. By creating and launching your own tokens, you can contribute innovative projects that enhance the DeFi landscape. This is a chance to make a tangible impact while leveraging the platform’s robust infrastructure.

Investors can participate in initial DEX offerings (IDOs) and liquidity pools, allowing them to support new projects while earning rewards. By actively participating, you can help shape the future of finance while potentially reaping financial benefits.

In essence, joining Degentralized Funancial is about being part of a community that is pioneering a new paradigm in finance. Visit our website and join our Telegram channel to take your first steps towards contributing to this exciting movement.

About DEGFun

DEGFun is a decentralized platform revolutionizing microcap trading with innovative token launch models. It offers a unique framework for financial transactions, focusing on transparency, accessibility, and empowerment. Through mechanisms like initial DEX offerings (IDOs) and liquidity pools, DEGFun enables projects to raise capital and provides early investors with opportunities to engage with emerging tokens. At the core of its ecosystem lies the $DEGFUN token, featuring a deflationary mechanism that sustains its value and incentivizes participation.

For more information visit the Website: https://degentralized.fun/

SOCIALS :
Dapps: app.degentralized.fun
TG: t.me/DEGFun
X: x.com/DEGFunETH
Website: https://degentralized.fun/

Camino Network, the travel industry L1 has been selected for Outlier Ventures’ token launch program, Ascent. The collaboration aims to prepare Camino Network for its upcoming token launch at the end of this year.

Ascent is Outlier Ventures’ leading global token launch accelerator program that provides expert advice and support for later-stage projects. Camino Network will now work closely with Outlier Ventures to successfully navigate its route to web3 tokenization. The partnership will see Camino Network benefit from Outlier Ventures’ top-tier expertise in a number of critical areas.

Outlier Ventures runs highly selective accelerator programs, working with a carefully chosen group of companies each year through its recruitment process. Camino Network is among the few successful selected applicants, receiving an investment and gaining access to Outlier’s unparalleled expertise and resources to help drive their growth and future success.

Over the past two years, Camino Network has developed into a robust and decentralized ecosystem set to become the future technological foundation tailored to the travel industry. While Camino Network’s token, CAM, has yet to be launched on exchanges, it comes to the Ascent program with a proven track record of over 200,000 transactions generated by travel tech companies and their applications. With over 200 established brands and innovative startups already on board, the network is growing, and over 40 use cases are now in development.

Thomas Stirnimann, Council President of the Camino Network Foundation, said: “With strong backing from global travel leaders, Camino Network is poised to transform the travel industry. The web3 travel ecosystem will accelerate the integration of cutting-edge Web3 technologies to build a more efficient, interoperable, and future-proof travel industry. With Outlier Ventures by our side, we are perfectly prepared to scale globally and lead the mass adoption of Web3 in travel.”

“As the first blockchain platform dedicated to the travel sector, Outlier Ventures sees immense opportunities with Camino Network to enhance processes and create innovative travel products that will benefit the industry and customers globally,” said Matt Law, Chief Commercial Officer, Outlier Ventures. “Through our Ascent token launch program, we are excited to support Camino Network in its mission to transform the travel industry for all stakeholders. This partnership aligns with our commitment to backing leading Web3 companies that address real-world challenges, expanding the reach of blockchain into global industries like travel.”

About Camino Network

Camino Network is the Layer 1 blockchain built specifically for the travel industry. Operated by a consortium of industry leaders, Camino transforms the distribution landscape and solves connectivity challenges in the multi-trillion-dollar travel sector. Backed by 200+ brands, 100+ validators, and over $10 million in funding, Camino is driving the future of Web3 travel.

Learn more: https://camino.network/

About Outlier Ventures

Founded in 2014, Outlier Ventures is the world’s leading Web3 accelerator, with a renowned reputation as the go-to authority for Web3 founders, investors and partners across its Base Camp accelerator program and Ascent token launch program. With a portfolio of over 320 global investments, Outlier Ventures has helped raise over $350m in seed funding. Outlier Ventures’ portfolio includes leading Web3 companies including Biconomy, Boson Protocol, Brave, Cheqd, Cudos, DIA Data, Fetch.ai, IOTA, Ocean Protocol, Root Network and XAI.

Learn more: https://outlierventures.io/

Cookpad is your gateway to building and launching successful crypto projects with ease. Whether you’re a seasoned developer or just starting out, our platform provides a comprehensive suite of services designed to streamline every step of your crypto journey.

From our Token Launch Platform, which simplifies the creation and deployment of your token, to our Liquidity Provider Service that ensures smooth market operations, Cookpad equips you with everything you need. Additionally, our Web3 Developing Service opens the door to cutting-edge decentralized application development, helping you bring your vision to life.

With Cookpad, the complexity of launching a crypto project becomes a thing of the past. We empower creators to innovate without boundaries.

Cookpad: Crafting the Future of Crypto Development

In the rapidly evolving world of blockchain technology, launching a crypto project can be a complex and daunting task, often requiring significant technical knowledge, resources, and time. Many innovative ideas remain unrealized due to the challenges of navigating the blockchain space.

Cookpad was born out of a need to simplify this journey and make blockchain accessible to everyone, from developers to entrepreneurs, without sacrificing the core principles of decentralization, security, and innovation.

At the heart of Cookpad is the belief that blockchain technology should be empowering. Our mission is to remove the technical and financial barriers that often prevent projects from reaching their potential. Cookpad brings all the essential tools together under one platform, making it easy for anyone to turn their crypto ideas into reality.

Through our Token Launch Platform, we offer a frictionless path to creating, launching, and managing tokens. Whether you’re building a new cryptocurrency or creating utility tokens for your platform, we provide the infrastructure to make it happen effortlessly.

Our Liquidity Provider Service ensures that once your token is launched, it can seamlessly integrate into the market with the liquidity necessary for smooth transactions and market confidence. Cookpad helps projects avoid the pitfalls of illiquidity, giving them a strong start and ongoing support in the crypto ecosystem.

Lastly, our Web3 Developing Service empowers users to venture into the decentralized future by creating dApps (decentralized applications) and leveraging the full potential of blockchain technology. With Cookpad’s tools and expertise, developers can focus on innovation while we handle the complexities of Web3 infrastructure.

Cookpad’s vision is to democratize crypto project development and unlock a new wave of decentralized applications and tokens. By providing a streamlined platform for token creation, liquidity, and Web3 development, Cookpad makes it easier for innovators, developers, and entrepreneurs to thrive in the blockchain space.

SOCIALS:

Website: https://cookpad.finance
X: https://x.com/cookpadfinance
TG: https://t.me/cookpadfinance
Github: https://github.com/CookpadLabs
Document : https://docs.cookpad.finance/

Amber Group’s incubated decentralized derivatives trading platform, edgeX, has recently launched on the mainnet, bringing a new decentralized trading experience to users worldwide. edgeX is a high-performance, modular financial system designed to build a decentralized, high-performance, and feature-rich derivatives trading system through various components and Lego-like modules.

Incubated by Amber Group, edgeX benefits from the expertise and resources of a leading global liquidity provider and digital asset management company. Founded in 2017 and headquartered in Hong Kong, Amber Group is a fully compliant company managing approximately $5 billion in assets, serving around 30 banks and 2,000 institutions worldwide. With a presence in Taipei, Seoul, Vancouver, and Singapore, Amber Group has processed over $2 trillion in total trading volume as of June 2024. The collaboration between Amber Group and edgeX provides the platform with strong support in terms of liquidity, security, and stability.

Strong Team and Cutting-Edge Technology

The edgeX team comprises professionals with extensive experience in both cryptocurrency trading and traditional finance. Team members hail from renowned financial institutions such as Morgan Stanley, Barclays, Goldman Sachs, and Bybit, boasting over seven years of exchange operations and trading experience. In addition, edgeX brings together a world-class technology development and security team to ensure the platform maintains industry-leading performance and security. The expertise of the core development team gives edgeX a unique competitive edge, enabling it to quickly adapt to market changes and drive innovation.

Innovative Modular Financial Ecosystem

Within the edgeX ecosystem, the first MVP—edgeX Exchange—has already been launched, with numerous other applications and modular components being rolled out.

• edgeX Telegram Bot: Built on the Ton ecosystem, this bot supports multi-chain trading and is interoperable with the edgeX platform. It allows users to trade any MEME tokens and emerging assets directly via the edgeX Bot, providing a more convenient trading experience.
• edgeX Leverage: Offers multiple trading instruments, including US stocks, forex, and commodity futures. Users can choose to purchase 3X/5X leverage products and ETF indices, enabling a diversified investment portfolio.
• edgeX Epool: Targeted at institutional clients, Epool generates revenue by providing asset management and liquidity services to multiple derivatives trading platforms. These earnings are shared with edgeX platform token holders and users who deposit funds.
• edgeX Lend: By partnering with platforms like AAVE and Compound, users can efficiently optimize their assets to maximize yields.
• edgeX Insurance: edgeX offers an innovative liquidation insurance service, providing double compensation in the event of liquidation, significantly reducing user risk and loss.

A Future-Oriented Decentralized Finance Revolution

edgeX is not just a decentralized derivatives trading platform; it’s a modular financial system. By combining various financial modules, edgeX provides developers and users with a variety of plug-in combinations, forming an open application marketplace. This greatly promotes the formation of an open derivatives trading system and accelerates the growth of the decentralized derivatives market.

The derivatives trading volume in the crypto market is 4-5 times that of spot trading, and the decentralized derivatives market has at least tenfold growth potential. In this vast market, edgeX, with its robust technical architecture and innovative model, is poised to become an unignorable force.

Dogecoin sister token NEIRO has announced a groundbreaking partnership with DeFi ecosystem Gains Network. In a first-of-its-kind initiative, all volume for $NEIRO on gTrade will see a 15% revenue share to be distributed to the recently launched NEIRO Foundation.

The move will ensure a sustainable financing pipeline for the NEIRO Foundation, which is a collective effort to fund Shiba Inu rescue and wellbeing efforts across the world. Whether it’s rescuing abandoned dogs, providing medical care, or promoting responsible adoption, the NEIRO Foundation has a clear mandate to make a lasting impact on Shiba Inu welfare. Following today’s partnership announcement, for every $10 million of notional volume, $1,200 of revenue will be distributed to the NEIRO Foundation, which will be allocated to provide essential resources and financial support to dog shelters, rescue groups, and initiatives that work tirelessly to improve the lives of Shiba Inus in need.

The announcement gives expression to the far-reaching potential for DeFi to drive philanthropy, demonstrating how blockchain-based platforms can seamlessly integrate social responsibility while expanding their user base.

At the heart of the NEIRO Foundation is a commitment to ensuring every Shiba Inu receives the love, care, and support they deserve, ensuring that the breed that was catapulted to global renown during the peak of the SHIBA and DOGE craze in 2021 is cared for and protected, regardless of the wider crypto market trajectory. Through educational content, community outreach, and advocacy, the NEIRO Foundation aims to inspire more people to get involved in Shiba Inu welfare, from adopting dogs to supporting local shelters.

NEIRO continues to attract a passionate community of dog lovers, philanthropists, and crypto enthusiasts alike who share a vision of improving the lives of Shiba Inus everywhere. With over 22,000 holders and counting, the success of NEIRO is a testament to the growing demand for socially-conscious investments in the crypto space. The project has already announced a $100,000 target initiative to support Shiba Inu rescue efforts globally, driven by a philanthropic spirit to honor Kabosu’s legacy and make a meaningful impact on the future of Shiba Inus worldwide.

Commencing on the announcement, SlumDOGE Millionaire, spokesperson for NEIRO said: “We’re seeing a growing trend of Web3 companies taking progressive steps to enact tangible CSR initiatives as a force for good. This amazing initiative between Gains Network and the NEIRO Foundation encourages traders to participate, knowing their transactions contribute to a great cause, creating a positive cycle of engagement. Sincere thanks to Gains Network for supporting our vision to improve the welfare of Shiba Inus worldwide.”

To learn more, visit: https://www.neirocharity.org/

About NEIRO

NEIRO is a community-driven cryptocurrency on the Ethereum blockchain, inspired by the legacy of Kabosu, the Shiba Inu behind Dogecoin. With a focus on philanthropy and a vision of global impact, NEIRO is dedicated to supporting Shiba Inu rescue efforts and creating a purpose-driven narrative within the crypto space.

The first-of-its-kind DeFi liquidity protocol focusing on redefining trust and security for DeFi

Granite, a groundbreaking Bitcoin DeFi liquidity protocol that empowers users with unprecedented security and control over their Bitcoin assets, today announced its launch. Incubated by Trust Machines, Granite represents a significant evolution in the DeFi landscape, setting new standards for transparency and user-centric financial services – all backed by the power of Bitcoin L2s.

Granite enables BTC users to access DeFi without centralized custodians by leveraging Stacks’ recently-launched Nakamoto upgrade and sBTC Bitcoin bridge. The Nakamoto upgrade increased Stacks’ block speed 100x while maintaining its unique proof-of-transfer (PoX) consensus mechanism and Bitcoin finality. sBTC is an open-source Bitcoin bridge secured and managed by an open network of Stacks validators via a threshold signature script on the Bitcoin blockchain, allowing for the permissionless and decentralized use of BTC in DeFi. Together, these upgrades pave the way for Bitcoin DeFi.

“Today there is no safe way to use BTC in DeFi,” said Blaize Wallace, Founding Contributor to Granite. “Protocols have decided to maximize returns at the cost of counterparty and protocol risk. Granite takes the opposite approach.”

Granite introduces a borrower-centric DeFi liquidity model that maximizes asset safety, minimizes liquidation risk, and allows users to tailor their risk exposure.

• No rehypothecation: by never lending out borrowers’ collateral and only having a single borrowable asset per market, Granite eliminates the predominant DeFi “pooled-risk” model that exposes all users to the downside of the riskiest pool assets.
• Liquidation to solvency: DeFi protocols typically liquidate 50-100% of a position, which can result in the loss of borrowers’ collateral. Granite instead uses “soft liquidations” which liquidate only to the point of solvency, allowing overextended borrowers the opportunity to weather downturns with minimal losses.
• Offline position tracking: push notifications that track account health and interest rates allow borrowers to relax and receive relevant account alerts instead of staying glued to their screens.
• Tranched LP positions: LPs can stake their positions to enter a junior risk tranche that may receive higher rewards, tailoring their risk profile, and all LPs are still protected by the protocol reserve as a first line of defense.

Despite being the most capitalized crypto asset, most bitcoin sits dormant and unproductive, unused by its holders. Other blockchains demonstrate a stark contrast, where their native cryptocurrency (such as ETH) is actively deployed to validators (staking) and in DeFi protocols as collateral or liquidity pairs. As a decentralized non-custodial protocol, Granite brings transparency to lending and borrowing that typically has not been seen on the Bitcoin blockchain, aiming to reverse this trend.

“At this time, only about 1% of bitcoin is used in DeFi, largely because Bitcoin users want to make sure their BTC is secure first and foremost,” said Muneeb Ali, CEO and Co-Founder of Trust Machines. “Granite’s security-oriented approach creates an opportunity to begin unlocking the remaining 99% of BTC capital. It’s the only liquidity protocol I would consider using with my BTC.”

“Bitcoin is the most valuable asset you will ever own,” added Wallace. “Don’t risk your stack to centralized wrappers or predatory liquidation schemes. Granite helps you access the value in your BTC as safely as possible. Never sell.”

For more information about Granite, readers can please visit http://www.granite.world

About Granite

Granite is a first-of-its kind Bitcoin DeFi liquidity protocol empowering users with unprecedented security and control over their Bitcoin assets, Granite represents the significant evolution in the DeFi landscape, with a mission of setting new standards for transparency and user-centric financial services – all backed by the power of Bitcoin L2s.

Monsta is a crypto-trading game featuring fun meme characters and easy-to-earn mechanics. It’s perfect for newbies wanting to explore crypto trading risk-free, as well as experienced traders looking to sharpen their skills and build their social capital by sharing the strategies they believe in.

Monsta offers a fresh take on clicker games by blending lively gameplay with crypto trading. With each tap, you earn in-game points that allow you to build your investment portfolio by buying special Trading Cards.

These cards reflect the dynamics of real cryptocurrencies like BTC, ETH, TON, SOL, and more. You can buy the cards, sell them if they don’t perform as expected, or hold them if you want to give them a chance. Essentially, it’s a simplified analog of the spot market, but safe and gamified. It helps you gain trading experience without risking real money.

Monsta’s economy is rich, original, and close to reality. The characters in the game are crypto-monsters with names related to trading, such as Hodl, Moon, Long, Short, and Fomo. As you play, you’ll dive into crypto culture, become familiar with it, and learn how to reach the Moon! The game currently features 10 characters, but the team promises to add more.

The Monsta gameplay is enhanced with boosters (speed-ups) and gems (advanced boosters). The game includes daily and weekly quests, and soon there will also be group online tournaments where you can compete with friends and earn even more.

The project is set to become a huge ecosystem with exciting updates on gameplay, numerous rewarding opportunities for the community, and more surprises. Keep an eye on the project, as the beta version of the game is already live. Be among the first players to catch all the updates and avoid feeling FOMO later on.

Play like a Monsta. Earn like a Pro.

Phala Network, a pioneering blockchain platform focused on Trusted Execution Environments (TEEs), has announced a significant milestone in its roadmap to decentralized AI. The company, which has been at the forefront of verifiable computing since its founding in 2019, has just released the first-ever benchmark for TEE-enabled GPUs, marking a new era in secure, high-performance decentralized AI.

Phala Network’s vision for decentralized AI

Phala Network has consistently pushed the boundaries of what blockchain can achieve, particularly in secure computation.

Since launching its mainnet in 2021, Phala has grown to support over 40,000 TEE CPU nodes, providing robust infrastructure for decentralized applications. These nodes enable Web3 developers to offload complex computations from smart contracts to Phala’s off-chain network, ensuring data privacy and security while generating verifiable proofs and oracles.

Phala’s technology has been instrumental in powering various Web3 use cases, including social apps, games, and AI-driven agents.

With the release of their latest GPU-TEE benchmark, Phala is taking a decisive step toward realizing its vision of decentralized AI. The new benchmark focuses on the performance of Nvidia’s H100 and H200 GPUs when integrated into Phala’s TEE technology. This integration is crucial for scaling decentralized AI, offering the high-performance compute power necessary for training and running large language models (LLMs) like LLaMA 3 and Microsoft Phi while maintaining stringent security and privacy standards.

The role of TEE in decentralized AI

The integration of Trusted Execution Environments (TEEs) within decentralized AI systems is crucial for ensuring the protection of sensitive AI workloads, particularly as AI becomes increasingly critical in various industries. By extending trusted computing principles beyond CPUs to AI accelerators like GPUs, TEEs can provide a new layer of defense, safeguarding model weights and inference data through cryptographic measures. This evolution in infrastructure security enables the secure deployment of decentralized AI systems, ensuring that data remains protected even in the event of a compromise.

In 2024, Nvidia introduced its H100 Tensor Core GPUs, equipped with advanced Confidential Computing (CC) solutions that integrate TEE functionality directly into the GPU architecture. These solutions include features like encrypted memory, secure boot, and hardware firewalls, all designed to protect sensitive data during processing.

Phala’s adoption of Nvidia’s TEE-enabled GPUs represents a significant advancement in decentralized AI, providing a foundation for secure, transparent AI systems that are not controlled by any single entity. This move is aligned with the broader goals of decentralized AI, which aims to democratize access to AI technologies, making them more accessible and equitable.

Benchmarking GPU-TEE performance

Phala Network’s latest benchmark for TEE-enabled Nvidia H100 GPUs provides critical insights into secure AI performance. Key findings include:

• Minimal overhead: The introduction of TEE incurs a performance overhead of less than 7% on typical LLM queries, with almost zero impact on larger models like LLaMA-3.1-70B. For smaller models, the overhead is primarily linked to CPU-GPU data transfers via PCIe rather than GPU computation itself.
• Scalability: Phala’s report shows that the overhead becomes negligible for larger AI models, highlighting that the GPU’s compute-heavy tasks are not hindered by TEE mode.

These results validate the viability of TEE-enabled GPUs for developers looking to implement secure, decentralized AI applications without compromising performance.

The future of Decentralized AI

As the demand for decentralized AI grows, the need for robust and secure infrastructure becomes paramount. The future of decentralized AI hinges on advancements in technologies like confidential computing, which offers the promise of enhanced security by encrypting data at the hardware level. Moreover, the integration of network and tenant isolation guarantees, along with innovations in operational and physical security, will be critical in building resilient AI systems. These measures not only protect against external threats but also ensure that decentralized AI can scale securely, providing equitable access to advanced AI capabilities.

Phala Network’s work in decentralized AI is a critical step toward addressing these challenges. By integrating TEE technology into GPUs and providing the first comprehensive benchmark, Phala is not only advancing the technical capabilities of decentralized AI but also setting new standards for security and transparency in AI systems.

The release of this benchmark is just the beginning. As Phala continues to innovate, the decentralized AI ecosystem is poised to grow, offering new opportunities for developers, businesses, and communities to harness the power of AI in a way that is secure, transparent, and equitable for all.

Rilla Network is redefining live sports streaming by turning passive viewers into active participants. Its innovative protocol integrates interactivity and transactability natively, unlocking a new era of live-streaming experiences.

Rilla’s decentralized protocol enables users to contribute network capacity and earn rewards, while the network effects of value distribution foster deeper engagement and loyalty. Through real-time interactivity, audience members can transact directly during live streams, creating new economic models for the industry.

The Rilla platform features a viewership gamification and rewards framework, driving engagement with personalized experiences. Its hyper-granular analytics provide insights on a viewer-by-viewer basis, enhancing user experience and targeting. Additionally, consumption-based pricing and trustless billing ensure cost-efficiency and scalability with a logarithmic cost-to-serve model that keeps costs low even as audiences grow. Low-latency streaming further enhances viewer engagement.

With the traditional economics of live streaming becoming unsustainable, Rilla offers a solution to capture second-order network value, some of which is already lost to third-party networks such as social media. By integrating interactivity and transactability, Rilla ensures that the value generated remains within the live stream, benefiting content creators and viewers.

Co-founder and CEO, Hal Smith Stevens, said: “Today’s streaming models are outdated. Rilla Network enables fluid transactivity and audience interactivity, empowering viewers to engage actively with the content and the community. We’re transforming live digital experiences.”

Rilla Network has closed two funding rounds this year, including an angel and pre-seed round, raising a total of $3.5 million. The rounds were led by Blockchain Founders Fund and Blockchange Ventures, respectively.

Managing Partner at Blockchange Ventures, Ken Seiff, stated: “Rilla Network is transforming live streaming by addressing key inefficiencies and introducing innovative ways to enhance audience interaction and monetization. Its decentralized approach and ability to capture second-order value sets it apart as a true game-changer in live sports streaming. We’re thrilled to support such a forward-thinking team.”

The funds are being used to launch Rilla’s protocol through a pilot program in collaboration with major players in sports streaming. The company plans to run high-profile pilots before seeking seed funding in Q2 2025.

About Rilla

Rilla Network is a decentralized live-streaming protocol. Rilla is based in Dubai, UAE with world-class team members contributing globally. The founding team has decades of experience in software development, content streaming services, Web3, blockchain, AI, and machine learning. Learn more at https://rilla.network.