Technologies
Discover the Future of Trading with AXL Finance
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Welcome to AXL Finance, where innovation meets excellence in the trading world. As a leading tech company, AXL Finance has spent the past eight years developing a unique trading platform designed to simplify the trading experience for clients across the globe. Our mission is to make trading easier, more accessible, and more profitable for everyone, from beginners to seasoned professionals.
At the core of AXL Finance’s success is our cutting-edge AI algorithms, which have been meticulously crafted to analyze market data with unparalleled precision. These algorithms have an impressive success rate of over 93%, providing traders with insights and opportunities that were once out of reach. By leveraging advanced machine learning and artificial intelligence, our platform can predict market trends and make informed decisions, ensuring that our users stay ahead of the curve.
Our trading platform is designed with the user in mind. The intuitive interface and robust features make it easy for traders to navigate the complexities of the financial markets. Whether you are trading forex, cryptocurrencies, or CFDs, AXL Finance provides the tools and resources you need to succeed. Our platform supports a wide range of trading instruments, allowing users to diversify their portfolios and take advantage of various market opportunities.
One of the standout features of AXL Finance is our comprehensive web application. Accessible from any device with an internet connection, our web application ensures that you can manage your trades from anywhere in the world. This level of accessibility and convenience is crucial in today’s fast-paced trading environment, where timely decisions can make all the difference.
But we are not stopping there. AXL Finance is excited to announce the upcoming launch of our dedicated mobile app. This app will bring the full power of our trading platform to your mobile devices, allowing you to trade on the go. With real-time notifications, advanced charting tools, and seamless integration with our web platform, the mobile app will provide a comprehensive trading experience at your fingertips.
Security is also a top priority at AXL Finance. We employ state-of-the-art encryption and security protocols to ensure that your data and transactions are protected at all times. Our commitment to security and transparency has earned us the trust of traders worldwide, and we continue to strive for excellence in all aspects of our service.
Join the growing community of traders who trust AXL Finance for their trading needs. Our platform’s combination of cutting-edge technology, user-friendly design, and exceptional performance sets us apart in the industry. Experience the future of trading with AXL Finance, where innovation, reliability, and success converge.
Stay tuned for more updates and get ready to elevate your trading journey with AXL Finance. Our web application is available now, and our mobile app will be launching soon, bringing even more flexibility and power to your trading experience. With AXL Finance, the future of trading is here.
Technologies
Scannit to launch financial management app at Token2049, rewarding users with tokens for data ownership
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Scannit, a pioneer in digital financial identities, has announced the open beta launch of its innovative financial management app as part of the upcoming Token 2049 event in Singapore from Sept. 18, 2024. The Scannit app helps users track spending while rewarding them with SCAN tokens for their data contributions, fostering a new data economy.
The app launch comes on the heels of Scannit’s acceptance into the IoTeX Accelerator Cohort and its certification as a Google Web3 Startup. These affiliations provide Scannit with strategic guidance, technical support, access to cutting-edge resources, and a global network —enhancing its credibility and capacity to innovate in the rapidly evolving Web3 landscape. With a 7-figure funding round recently closed, Scannit is well-positioned for rapid growth and global expansion.
The Scannit app enables users to have full transparency and control over their financial data, allowing them to decide who has access to their data at any given time. The app reduces manual financial tracking efforts through automation. Users are rewarded with SCAN tokens for sharing their data, creating an active and incentivized participation in the value chain.
The open beta launch in Singapore is the first step in Scannit’s plan to onboard at least 10,000 users during the beta phase and achieve a target of 100,000 users by the end of the first quarter post-launch.
“Our innovative app is redefining the relationship between consumers and their data. With Scannit, users don’t just manage their finances—they own their data and earn from it,” said Karl Nowak, CEO and Founder of Scannit, adding: “We want to give back that power to the users. So, it should be your choice to give away that data if you want to. And if you do, you should get proper compensation for it.”
Looking ahead, Scannit plans to introduce AI-driven financial advice tools to further assist users with their spending habits, enhancing user experience and engagement. The company is also working on onboarding additional partners to expand its ecosystem, targeting diverse user personas while upholding its core promise of full data ownership for users.
Users interested in experiencing the future of financial management can join Scannit’s waiting list for the open beta launch slated for Token 2049.
About Scannit
Scannit is a pioneering technology company headquartered in Atlanta, Georgia, revolutionizing digital financial identities. Its “Scan to Earn” model rewards users for scanning receipts and verifying transactions, turning everyday spending into valuable rewards. Scannit enables businesses to ethically and authentically access valuable data insights while respecting user privacy and consent, driving a fair and transparent data economy.
For more information, visit www.scannit.io.
Technologies
Growing the Buz Economy: Announcing the Social Intelligence Paranet Launch
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In the rapidly evolving world of tech and finance, the demand for innovation and adaptability is higher than ever, driven by a quest for transparency for internet users. LunarCrush has been at the forefront of Social Intelligence, converting human-driven insights into actionable information for both retail and institutional stakeholders. Originally focusing on the crypto industry, LunarCrush’s Social Intelligence now extends across diverse sectors such as technology, politics, travel, music, and more. Recognizing the convergence of crypto, the Internet, and Artificial Intelligence (AI), LunarCrush is making a significant leap forward in their transparency efforts through social intelligence. By launching the Social Intelligence Paranet on the OriginTrail Decentralized Knowledge Graph (DKG), LunarCrush aims to enhance content collection through incentivized crowdsourcing and enable the creation of AI-powered services on this trusted knowledge base.
The Decentralized Knowledge Graph and the Social Intelligence Paranet
The Social Intelligence Paranet will operate on the OriginTrail DKG, a permissionless peer-to-peer network that ensures all social content published to the Paranet is discoverable, verifiable, and attributed to its owners. This setup allows AI services leveraging this knowledge base to avoid challenges like hallucinations, managed bias, and intellectual property violations. For an in-depth understanding of the technical design of paranets, DKG, and decentralized Retrieval-Augmented Generation (dRAG), we recommend reviewing the OriginTrail Whitepaper.
The Social Intelligence Paranet Initiative
Aligned with LunarCrush’s growth trajectory, the Social Intelligence Paranet will initially target the crypto sector, attracting high-quality content creators and community members from various crypto projects. LunarCrush will also mine knowledge tied to their social insights, such as Alt Rank, Top Creators, and Sentiment analysis. Beyond knowledge mining, the Social Intelligence Paranet will feature the first AI-powered tool to interact with top knowledge assets on the Paranet, supported by LunarCrush. This AI-powered tool will be accessible to users paying with BUZ tokens. All BUZ tokens spent by users will be recycled as additional rewards for knowledge mining.
In the upcoming weeks, a comprehensive proposal for the Social Intelligence Paranet will be submitted to the NeuroWeb community for approval. The proposal will include:
- Knowledge Assets created from LunarCrush APIs
- An incentives model for knowledge miners targeting the first category of knowledge
- A demo of the LunarCrush AI tool
Advancing the Wisdom of the Crowds
The traditional wisdom of the crowds concept eliminates idiosyncratic noise associated with individual judgment by averaging a large number of responses. Social Intelligence takes this concept further by unlocking actionable information through high-quality, curated knowledge enhanced with specific domain expertise. The rise of AI introduces the potential for another leap forward in extracting wisdom from a vast body of knowledge. Incentivized crowdsourcing to collect superior social content provides an ideal foundation for AI services to uncover wisdom that is not immediately apparent. While a conversational tool is the initial step, subsequent developments will include AI agents performing comprehensive tasks such as market analysis and prediction market suggestions. As the Social Intelligence Paranet expands beyond the crypto field, it promises to support enhanced decision-making powered by the wisdom of the crowds across various topics.
Technologies
BC.GAME Unveils Coco Rush: A New Mini-App Game on Telegram
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BC.GAME, one of the largest iGaming platforms by game variety, has introduced Coco Rush, a fresh mini-app game now available on Telegram.
This free-to-play casual game offers users the opportunity to earn cryptocurrency by competing in leaderboard battles and completing various tasks within the game. BC.GAME becomes the first major iGaming platform to introduce a Telegram mini-app, entering a market where Telegram’s vast 900 million user base has popularized tap-to-earn games.
Gameplay and Player Rewards
Coco Rush features an intuitive design, requiring players to tap on digital Cocos to accumulate Coco Coins. Players can also collect Coco Coins by completing daily check-ins, onboarding activities, social media tasks, and through daily free spins. Additionally, players can earn referral points, which can be exchanged to boost their in-game progress.
The game also provides opportunities to participate in free spins, where players can win rewards such as USDT and extra Coco Coins. Perhaps most exciting is the forthcoming $BC token airdrop, giving players the chance to convert their in-game coins into real cryptocurrency. During the airdrop event, players can turn their virtual earnings into tradable tokens, adding real-world value to their gameplay.
Commenting on the launch, Jack Dorset, CEO of BC.GAME, said, “Telegram’s mini-app ecosystem is quickly becoming a go-to space for the Crypto community. At BC.GAME, we prioritize creating user-friendly, interconnected platforms that foster community engagement, encourage participation, and, above all, offer an enjoyable experience. With Coco Rush, our first mini-app for Telegram, we’re excited to see how players respond.”
The Growing Popularity of Tap-to-Earn Games on Telegram
The launch of Coco Rush aligns with the increasing popularity of tap-to-earn games on Telegram, including titles like Hamster Kombat, Notcoin, and Yescoin. These games allow players to potentially earn cryptocurrency via the TON blockchain. Similarly, Coco Rush offers its players the possibility of receiving airdrops of Coco Coins. For instance, Notcoin previously distributed over 80 billion TON-based tokens to its players earlier this year.
Telegram CEO Pavel Durov recently shared plans to expand the platform’s blockchain presence, including the development of a mini-app store and an integrated web3 browser.
Durov highlighted this future direction in a post on his channel, stating, “2024 will mark the year when blockchain becomes part of everyday life for millions of people worldwide. We are proud that Telegram is at the heart of this major shift.”
Coco Rush launched on August 19, 2024.
About BC.GAME
BC.GAME is a leading crypto iGaming platform, known for its community-driven approach and cutting-edge technology. Established in 2017, BC.GAME offers more than 8,000 games, including sports betting, slots, and live table games. The platform is also recognized for its partnerships with top-tier brands such as Leicester City FC, the Argentina National Football Team, and Cloud9.
Learn more at BC.GAME.
Technologies
Platonic Reimagines Tokenization with a Focus on Security and Data Protection
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Platonic, a blockchain infrastructure technology company, proudly announces the launch of its cutting-edge decentralized tokenization platform. Developed to empower financial institutions, Platonic’s platform enables the tokenization of a wide range of assets with unprecedented levels of data privacy and security. The company is positioned to be a driving force in the technological evolution of the financial services industry.
Platonic is reinventing tokenization in capital markets. Its patented Layer 1 blockchain prioritizes security and client data protection. Having facilitated hundreds of billions in transactions already through active pilot programs, Platonic’s technology enables limitless, secure tokenization for financial institutions.
“Our vision is to disrupt tokenization with a fresh take on how issuers and investors interact using advanced technology to build a decentralized network,” said Violet Abtahi, founder and CEO of Platonic. “Regardless of the role in the asset lifecycle, our technology will connect customers and partners, automate workflows, and reach new markets, while maintaining complete confidentiality and control of proprietary information.”
Platonic’s platform stands out in its ability to leverage a permissioned private network, ensuring that data privacy and ownership rights are strictly controlled by issuers. This addresses major security concerns in the tokenization process, making it a trusted solution for financial institutions. The technology seamlessly integrates into both legacy and digital financial infrastructures, allowing institutions to maintain business continuity while leveraging the benefits of blockchain technology. Additionally, Platonic’s AI-linked smart contracts enhance automation and operational efficiency and enable financial institutions to realize cost savings immediately. The platform connects to public blockchains to facilitate broader market access, liquidity, and distribution.
Platonic’s approach to tokenization serves as the connective tissue needed to facilitate collaboration, engagement, and accelerated adoption in the digital asset space. By building a vendor and broker-agnostic decentralized network that prioritizes security and data protection, Platonic is poised to transform the future of finance.
Abtahi continued, “As the financial industry is moving beyond blockchain experimentation to implementing market-ready solutions, Platonic is committed to serving as the catalyst for advancements in digital assets, driving innovation in capital markets.”
About Platonic
Platonic is at the forefront of the next generation of financial market infrastructure. Platonic’s permissioned Layer 1 blockchain linked to public chains ensures privacy, security, and business continuity, delivering enterprise-level performance. Platonic’s vendor-agnostic approach empowers global financial institutions to participate in a digitized common market infrastructure on a decentralized platform. For more information, visit platonic.io.
Technologies
Gift Card Leader Raise Brings Crypto Payments to Mainstream Retail
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Raise, a leading payments provider and innovator in the global gift card industry, today announced the acceptance of crypto as a form of payment in the Raise App. In support of its mission to integrate cryptocurrency into everyday commerce through gift cards, over six million Raise App users can now shop using digital currencies at over one million in-store and online retailers.
Raise has partnered with Wallet Connect, a leading interoperability protocol that connects applications with crypto wallets to provide the widest integration support for this payment innovation. The in-app integration with Wallet Connect allows the Raise app to support a wide range of popular digital wallets, such as Coinbase, MetaMask, Phantom, and Trust. Initially, the Raise App will accept USDC, USDT, ETH, DOT, BTC, and SOL as payment for any gift card, with plans to expand to more tokens soon. This partnership simplifies transactions for crypto holders and expands the customer base for Raise’s retail partners, all without altering the consumer experience or adding complexity for merchants.
“One of the ongoing challenges in the evolving cryptocurrency industry is making transactions between crypto holders and mainstream retailers simpler and more accessible,” said George Bousis, CEO of Raise. “We are taking this challenge head-on. With the Raise App’s new API, retailers and protocols won’t need to work on one-off integrations, streamlining the transaction process while also providing crypto holders unprecedented flexibility in their spending. We’re excited to see how it transforms the shopping experience.”
Additionally, Raise plans to expand the Raise App and its crypto payment options to international markets, targeting over 30 countries by the end of the year. This strategic move enhances global accessibility and strengthens Raise’s leadership in the digital payment sector, offering a broader reach and increased opportunities for users worldwide.
Jess Houlgrave, CEO of Wallet Connect commented: “A major usability roadblock for apps today is ensuring seamless user onboarding and providing comprehensive in-app services. WalletConnect’s partnership with Raise addresses these UX challenges, making it easier for users to navigate the crypto ecosystem and utilize their digital assets in everyday transactions.”
Raise continues to innovate and enhance the payment landscape, bridging the gap between cryptocurrency and mainstream retail. The company remains committed to making digital assets more applicable in everyday life, paving the way for a future where crypto payments are as common as traditional ones.
About Raise
Raise, a renowned pioneer in the gift card industry has been at the forefront of innovation since its inception in 2012. Over the years, the company has facilitated over $10 billion in transactions through its Raise consumer app, its exchange (now GCX), and B2B operations. With over 1,000+ brand partnerships, Raise offers activation and real-time redemption capabilities across a network of over one million stores, websites, and applications. For more information, please visit https://www.raise.com/.
About Wallet Connect
WalletConnect is the UX platform for the “new internet” enabling communication between wallets and apps across chains. Having been integrated by almost all web3 applications and wallets, it facilitates millions of end-user connections each month and gives users control over their assets and data while enabling builders to create seamless and secure experiences. It has raised $25 million from some of the world’s leading tech and crypto investors, including Union Square Ventures, 1kx, Shopify, Coinbase Ventures, Circle Ventures, and Uniswap Labs Ventures. WalletConnect integrations currently span the Ethereum, Solana, NEAR, Cosmos, and other blockchains. For more information, please visit https://walletconnect.com.
Technologies
Antier Launches Neev Labs to Tackle Critical Gaps in Web3 Infrastructure
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Web3 is at a pivotal moment, teeming with innovation yet burdened by foundational challenges. While the industry boasts a plethora of new blockchain platforms, there is a stark void in initiatives that focus on the deep, technical advancements necessary to sustain and scale these networks.
Neev Labs: Adding a new block in the chain of innovation
Addressing this urgent need, Antier has unveiled Neev Labs—an initiative dedicated to pioneering custom blockchain infrastructure development. With a razor-sharp focus on protocol-level innovations, Neev Labs aims to be the backbone for the next generation of blockchain networks.
The entity is acing blockchain scalability, zk-rollups, modular blockchain architectures, cross-chain interoperability, and decentralized storage solutions. Neev Labs is also focusing on optimizing consensus mechanisms, enhancing network security, and developing robust node infrastructure.
By offering specialized solutions in these critical areas, Neev Labs aims to address the core infrastructure needs of Web3.
The Problem Statement: A Need for Deeper Innovation
The explosion of new blockchains in recent years has created a vibrant yet fragmented ecosystem. While many projects focus on creating new chains, few are dedicated to enhancing the infrastructure that supports these networks.
This has led to significant scalability issues, security concerns, and inefficiencies that hinder the full potential of blockchain technology. Neev Labs was established to fill this gap, driving the technical advancements necessary to support a scalable, secure, and efficient blockchain ecosystem.
Born Hero: Neev’s Strategic Alliances
The lab focuses on key products such as Abstraxn, an advanced account abstraction solution, Ancrypto, a decentralized wallet for secure asset management, and Instanodes, a cutting-edge node infrastructure solution.
Neev Labs also offers comprehensive end-to-end consulting, guiding Web3 projects through funding, development, and strategic partnerships.
With established partnerships with industry leaders like SKALE, STARKNET, and BOBA NETWORK, Neev Labs is poised to make a significant impact in the Web3 space, driving forward the next wave of blockchain innovation.
These collaborations are not just endorsements but are also testaments to Neev Labs’ commitment to pushing the boundaries of blockchain technology. By working alongside these innovative platforms, Neev Labs is poised to deliver solutions that will set new standards in the industry.
Antier: The Blockchain Maestro Behind the Curtain
Antier is a full-stack blockchain consulting firm known for its pioneering enterprise-grade solutions across B2B, B2C, B2G, and B2E domains. With India’s largest blockchain team, Antier has been at the forefront of driving blockchain advancements since its inception.
The company’s CoE focuses on research and development in areas such as DeFi, NFTs, digital banking, and Web3 consulting, making Antier a trusted partner for businesses looking to leverage the power of blockchain.
Vikram R. Singh, CEO of Antier, articulates the company’s vision: “With Neev Labs, we’re not just building infrastructure; we’re architecting the future of Web3. Our mission is to empower innovators by providing the robust foundation they need to transform bold ideas into groundbreaking realities.”
As decentralized technologies push the boundaries of what’s possible, the underlying infrastructure must evolve to meet the growing demands of a digital future.
The Crystal Ball: Neev Labs’ Vision for a Decentralized Tomorrow
Neev Labs embodies Antier’s vision of creating robust, scalable, and secure blockchain ecosystems. By focusing on the foundational aspects of blockchain, Neev Labs is not just solving today’s challenges but is also laying the groundwork for the future of Web3.
As the industry continues to grow, Neev Labs will be at the forefront, ensuring that the infrastructure supporting these networks is as innovative and resilient as the applications built on top of them.
Technologies
Trust Wallet integrates Rango’s API to enhance cross-chain swaps and bridging
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Trust Wallet, one of the leading non-custodial cryptocurrency wallets, has integrated Rango’s API to enable seamless cross-chain swaps and bridging.. This significant upgrade empowers Trust Wallet users to transfer assets effortlessly across more than ten blockchain networks, revolutionizing the way they interact with their digital assets.
A new era for Trust Wallet users
Trust Wallet’s integration of Rango’s cutting-edge API marks a major milestone in enhancing its cross-chain capabilities. This development allows Trust Wallet’s expansive user base to conduct seamless transactions between various blockchain networks, offering a new level of flexibility and convenience. With this integration, Trust Wallet users can now transfer assets across multiple chains with ease, eliminating the complexity traditionally associated with cross-chain transactions.
Why this integration matters
The addition of Rango’s API addresses a critical need within the cryptocurrency ecosystem: efficient and secure cross-chain transactions. Historically, users have faced challenges when attempting to move assets between different blockchains due to disparate protocols and technical barriers. Rango’s API simplifies this process, providing a unified solution that ensures smooth and reliable asset transfers. This integration aligns with Trust Wallet’s mission to deliver an intuitive and comprehensive wallet experience.
Trust Wallet features
Trust Wallet is a non-custodial wallet that offers users complete control over their digital assets. Since its inception, Trust Wallet has been at the forefront of Web3 innovation, providing a secure and user-friendly UI for managing multiple cryptocurrencies and NFTs. Key features of Trust Wallet include:
- Multi-Cryptocurrency Support: Trust Wallet supports a diverse range of cryptocurrencies, extending beyond just EVM-compatible chains. This broad compatibility ensures users can manage a wide array of digital assets from a single platform.
- Flexible Purchases: Users can buy cryptocurrencies directly from third-party platforms.
- NFT Wallet: Trust Wallet serves as a comprehensive NFT wallet, allowing users to buy, sell, store, and trade NFTs directly from their mobile devices.
- Staking and Rewards: The wallet offers staking options for selected cryptocurrencies, enabling users to earn rewards on their holdings.
- Seamless Wallet Imports: Trust Wallet simplifies transferring assets from other wallets using a secret recovery phrase, private key, or Keystore file.
- Flexible Fees: The platform offers free downloads and installations, with no subscription fees.
- In-Built Swap Feature: Trust Wallet includes a decentralized exchange (DEX) for on-chain and cross-chain swaps, such as converting ETH on Optimism to ETH on Ethereum.
The future of cross-chain transactions
The integration of Rango’s API represents a pivotal advancement in Trust Wallet’s commitment to enhancing user experience and supporting a broader range of blockchain interactions. By streamlining cross-chain swaps and bridging, Trust Wallet continues to set a new standard for cryptocurrency management, making it easier than ever for users to navigate the evolving digital asset landscape.
About Rango
Rango is a pioneering web3 company specializing in cross-chain interoperability solutions. Their UI and API provides seamless, efficient, and secure cross-chain swaps, addressing the growing demand for interoperability in the cryptocurrency ecosystem. Rango’s integration with major wallet platforms like Trust Wallet underscores their role in driving innovation and simplifying digital asset management.
About Trust Wallet
Trust Wallet is the self-custody, multi-chain Web3 wallet and Web3 gateway for people who want to fully own, control, and leverage the power of their digital assets. From beginners to experienced users, Trust Wallet makes it easier, safer, and convenient for millions of people around the world to experience Web3, access dApps securely, store and manage their crypto and NFTs, buy, sell, and stake crypto to earn rewards, all in one place and without limits.
Technologies
CoinBearer Trading Center: The Future of Decentralized AI
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Openness fosters innovation, and recent advances in artificial intelligence (AI) have showcased its global utility and influence. As computing power increases through resource integration, centralization issues are likely to arise, with entities possessing superior computing capabilities gaining dominance. This centralization could hinder the pace of innovation. Decentralization and Web3 technologies offer promising alternatives to maintain the openness of AI.
Decentralized Computing for Pre-Training and Fine-Tuning
Crowdsourced Computing (CPUs + GPUs)
Supporting Argument: The crowdsourcing model, similar to those used by platforms like Airbnb and Uber, could be adapted for computing. This model would aggregate idle computing resources into a marketplace, potentially offering lower-cost computing solutions for specific use cases and providing censorship-resistant resources for training models that may face future regulations or bans.
Opposing Argument: Crowdsourced computing may not achieve the economies of scale necessary for high-performance tasks, as most high-performance GPUs are not consumer-owned. The concept of decentralized computing seems contradictory to high-performance computing principles.
Decentralized Inference
Running Open-Source Model Inference Decentralized
Supporting Argument: Open-source models are approaching the capabilities of closed-source models and gaining traction. Centralized services such as HuggingFace or Replicate for model inference introduce privacy and censorship concerns. Decentralized or distributed vendors could address these issues.
Opposing Argument: Local inference, facilitated by dedicated chips capable of handling large parameter models, may ultimately prevail. Edge computing offers solutions for privacy and resistance to censorship.
On-Chain AI Agents
On-Chain Applications Using Machine Learning
Supporting Argument: AI agents, which require a transaction coordination layer, can benefit from cryptocurrency payments, as they are inherently digital and cannot utilize traditional banking systems. On-chain AI agents mitigate platform risks, such as sudden changes in plugin architectures by entities like OpenAI, which can disrupt services without warning.
Opposing Argument: Current AI agents, such as BabyAGI and AutoGPT, are not yet ready for production. Additionally, entities creating AI agents can use payment services like Stripe without relying on cryptocurrency. The argument regarding platform risk has been previously used to justify crypto, but it has yet to materialize.
Data and Model Sources
Autonomous Management and Value Collection for Data and Machine Learning Models
Supporting Argument: Data ownership should reside with users who generate the data, rather than the companies collecting it. As data is a crucial resource in the digital era, its monopolization by major tech companies and inadequate monetization are significant concerns. A more personalized internet requires portable data and models, allowing users to transfer data across applications similar to moving cryptocurrency wallets between dapps. Blockchain technology may provide a viable solution to data sourcing challenges, particularly in light of increasing fraud.
Opposing Argument: Data ownership and privacy concerns may not be a priority for users, as evidenced by high registration numbers for platforms like Facebook and Instagram. Trust in established entities like OpenAI may overshadow concerns about data ownership.
Token-Incentivized Apps (e.g., Companion Apps)
Envisioning Crypto Token Rewards
Supporting Argument: Crypto token incentives are effective for encouraging network growth and behavioral engagement. Many AI-centric applications are expected to adopt this model. The AI companion market presents significant opportunities, with the potential to become a multi-trillion dollar sector. Historical data, such as the $130 billion spent on pets in the U.S. in 2022, suggests a strong market for AI companions. AI companion apps have already shown significant engagement, with average session lengths exceeding one hour. Crypto-incentivized platforms could capture substantial market share in this and other AI application areas.
Technologies
aiOla releases breakthrough AI model that’s 50% faster than OpenAI’s Whisper
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aiOla, a leader in speech recognition technology, has announced today the release of its new open-source AI model, Whisper-Medusa. The new model, based on a multi-head attention architecture, outperforms OpenAI’s Whisper, the most popular and best available AI speech recognition model, by performing 50% faster with no loss in performance.
The automatic speech recognition market size is projected to grow to $7.14 billion this year. As voice becomes an integrated feature in most connected devices and AI chatbots, speech recognition has emerged as a vital technology field. Amid this rapid expansion, OpenAI disrupted the automatic speech recognition landscape by releasing Whisper, an open-source model considered superior to any other commercial or open-source speech recognition model available today. Whisper, with more than 5 million downloads per month, has become the gold standard for automatic speech recognition systems and is powering tens of thousands of applications.
aiOla’s new open-source model, Whisper-Medusa, greatly improves the speed compared to Whisper by altering how the model predicts tokens. While Whisper predicts one token at a time, Whisper-Medusa can predict ten at a time, resulting in a 50% increase in speech prediction speed and generation runtime. As a result of this significant advancement, aiOla has decided to release the model’s weights and code today on GitHub and Hugging Face for the community to access.
“Creating Whisper-Medusa was not an easy task, but its significance to the community is profound,” said Gill Hetz, VP of Research at aiOla.”Improving the speed and latency of LLMs is much easier to do than with automatic speech recognition systems. The encoder and decoder architectures present unique challenges due to the complexity of processing continuous audio signals and handling noise or accents. We addressed these challenges by employing our novel multi-head attention approach, which resulted in a model with nearly double the prediction speed while maintaining Whisper’s high levels of accuracy. It’s a major feat, and we are very proud to be the first in the industry to successfully leverage multi-head attention architecture for automatic speech recognition systems and bring it to the public. “
Whisper-Medusa, based on multi-head attention, is trained using weak supervision. In this process, the main components of Whisper are initially frozen while additional parameters are trained. This training process involves using Whisper to transcribe audio datasets and employing these transcriptions as labels for training Medusa’s additional token prediction modules. aiOla currently offers Whisper-Medusa as a 10-head model, with future plans to release a 20-head version with equivalent accuracy.
About aiOla:
aiOla’s patented technology comprehends over 100 languages, and discerns jargon, abbreviations, and acronyms, demonstrating a low error rate even in noisy environments. aiOla’s technology converts manual processes in critical industries into data-driven, paperless, AI-powered workflows through cutting-edge speech recognition.
Technologies
Propeller Launches as First dApp Built on River Protocol
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New Web3 Community Platform Aims to Improve Product Feedback and User Engagement
Today, LCA announces the launch of Propeller, the first decentralized application (dApp) built on the open-source communications protocol, River. Propeller is set to transform the way product teams engage with their users, gather meaningful product feedback, and build community.
LCA, renowned for collaborating with top brands like Nike, Reddit, Dropbox, Opensea, and Moonpay, has been consistently developing innovative, community-centric products. Propeller represents an opportunity for legacy social platforms to step into the next phase of community collaboration, emphasizing purpose-built online spaces designed to meet the unique needs of specific communities.
“LCA was founded with the mission of connecting the disconnected through products that bring people together,” said Greg Isenberg, CEO of Late Checkout. Propeller is all about helping early-stage product teams connect directly with users who love (and hate) them. We’re thrilled to see Propeller launch on the River Protocol, focusing on privacy, security, and giving users real ownership in the community. It’s a new era for feedback.”
Propeller challenges the status quo of one-way user feedback systems by facilitating dynamic conversations between users and product teams. On Propeller, users can interact directly with team members, share ideas, and engage with other power users, all while being rewarded for their valuable input. This community-driven approach ensures that feedback is not only collected but acted upon, fostering a sense of belonging and investment among users.
Brian Meek, co-founder and CTO of HNT Labs, the web3 venture studio behind the River Protocol, highlighted the significance of this launch: “The River Protocol was designed to empower communities with enhanced privacy, security, reputation, and ownership. Propeller is a perfect example of how these principles can be applied to create a more engaged and valued user base. We are thrilled to support Propeller as the first dApp on our protocol and look forward to seeing its impact on community engagement and product development.”
With River’s token-gated memberships and on-chain verification, Propeller ensures that product feedback comes from verified community members. Each membership exists as a non-fungible token (NFT), providing proof of early adoption and enabling users to gain reputational value. This integration allows for exciting future opportunities, such as gifting and airdropping rewards based on reputation, granting access to exclusive communities, and offering new feature previews to top contributors.
Propeller is a community platform aimed at enhancing user engagement and collaboration between users and product teams. By leveraging the capabilities of the River Protocol, Propeller is creating a new standard between companies and their most dedicated users, ensuring that every voice is heard and every contribution is recognized.
For more information about Propeller and to see product examples, users can visit propeller.chat.
To get started with River, users can visit river.build.
About LCA
LCA is a product innovation agency under the Late Checkout holding company umbrella. Founded in 2020 by Greg Isenberg and Theo Tabah, LCA is the industry leader in developing ‘Community-Based Products’. Over the last 4 years they have partnered with some of the world’s most notable brands to define their futures and build products their communities love.
About HNT Labs
Here Not There Labs (HNT) is a web3 venture studio dedicated to digital communication innovation, helping online communities engage more efficiently and effectively. HNT Labs has built the on-chain communication platform, Towns, which is built on the open-source protocol, River. HNT is crafting novel communication models that empower online communities with programmable, self-governed spaces, fostering authentic and meaningful interactions. With a commitment to shaping the future of digital connectivity, HNT is supported by significant investment, including a $25.5 million Series A funding from notable firms like a16z crypto, Benchmark, and Framework.
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