In a significant announcement at the XRP Ledger Community Summit (#XRPL Apex) held in Amsterdam from 11-13 June 2024, Brad Garlinghouse, the CEO of Ripple, unveiled the name of Ripple’s new stablecoin – $RLUSD. Garlinghouse expressed his fondness for the name, stating, “I like to call it Real USD… Ripple USD”. This development marks a […]
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TRON DAO at DC Blockchain Summit
PRESS RELEASE. Geneva, Switzerland, May 22, 2024 – TRON DAO, a leading innovator in blockchain technology, showcased its prowess as a Silver Sponsor at the prestigious DC Blockchain Summit held in Washington DC on May 15, 2024. This pivotal event gathered the most influential figures in blockchain and digital assets to engage with top policymakers […]
Bitcoin News
LBank Labs and BlockNews Host Web3 Summit Dubai 2024 with DIFC and DMCC as Official Partners
The highly anticipated “Web3 Summit Dubai 2024” is scheduled to take place on April 16th-17th, 2024, at the prestigious Atlantis, The Palm hotel in Dubai. This summit marks a significant milestone in the realms of cryptocurrency and financial technology, promising a profound exploration of the future of technology and collaborative industry efforts. Situated on the […]
Bitcoin News
World Economic Forum Confronts AI Challenges and Public Cynicism Ahead of Davos Summit
In three days, the World Economic Forum (WEF) Annual Meeting will convene on Jan. 15-19, and much of the world’s elite will be in Davos for the event. Before the meeting, the WEF published the 19th annual edition of the Global Risks Report, which highlights the risks of disinformation, and the impact of advancements in artificial intelligence (AI) and quantum computing. The latest WEF risks report notes the potential risks involved with these technologies could disrupt the economy and create societal divisions.
WEF Report Highlights Concern About Misinformation, AI, and Quantum Computing
The 54th iteration of the World Economic Forum (WEF) is on the brink of unfolding, with an attendance of 2,800 dignitaries hailing from 120 nations. This gathering of the elite will feature key figures such as Li Qiang, the Premier of the People’s Republic of China, alongside French President Emmanuel Macron, and Argentina’s President Javier Milei.
As the forum, named “Rebuilding Trust,” takes center stage, a report by Reuters highlights a pivotal, closed-door meeting concerning the challenging economy. This private meeting, scheduled to be convened by senior executives from Canada’s Manulife Financial and the finance titan Barclays, is set to explore the intricacies of the global economic landscape and rate policies being formulated by central banks.
Meanwhile, considerable attention is being focused on the WEF’s most recent risk report. This report discusses the alleged hazards associated with AI technologies, machine learning, and quantum computing. The authors at WEF have meticulously detailed how malevolent attackers have devised a strategy known as “harvest attacks,” a looming threat poised for activation with the advent of a supercomputer.
The report alarmingly notes that AI technologies, unregulated and accessible, may enable the creation of sophisticated biological weapons, posing a global security threat. WEF researchers warn of the devastating consequences, such as pathogens designed to disable military members or simulate global pandemics. Alongside the WEF’s risk report, people have been discussing “Disease X,” a disease that could result in 20 times more fatalities than the coronavirus pandemic.
At the national and global levels, the 19th WEF risks report calls for strict yet flexible regulations to align technological advancements with societal needs. It emphasizes evolving existing legislation around intellectual property, data protection, privacy, and human rights. Moreover, it underscores the importance of global treaties and agreements in managing adverse outcomes of AI technologies and controlling technological power concentration.
WEF Deals With Social Media Backlash Ahead of Elite Davos Gathering
In the wake of the report and preceding the imminent WEF assembly, public discourse about the elite summit in Davos has been vibrant. The prevailing sentiment towards the WEF on social media platform X reveals a deep-seated distrust towards the organization.
Posts on X predominantly highlight the expenditures on prostitution occurring in Davos, coupled with a strong aversion to receiving climate change lectures from billionaires who travel in convoys of fuel-intensive private jets. As the WEF’s report highlights potential societal splits and disruptions in critical services stemming from technologies such as AI and quantum computing, public skepticism towards the WEF organization itself intensifies.
What do you think about the latest WEF report and the upcoming meeting in Davos? Share your thoughts and opinions about this subject in the comments section below.
TEAMZ WEB3/AI Summit 2024: Japan’s Tech Spectacle on April 13-14 at Toranomon Hills
PRESS RELEASE. The TEAMZ WEB3 / AI SUMMIT represents an evolution from the TEAMZ WEB3 SUMMIT 2023, previously recognized as one the most significant and influential events in Japan’s Web3 landscape. For 2024, we’re expanding our focus to encompass both the burgeoning realms of Web3 and AI, two domains that have seen explosive growth recently.
With our rallying cry, “WEB3 / AI: The Future”, we aim to facilitate vibrant discussions on the trajectory of the Web3 sector post-2024 and the emerging societal and economic paradigms being shaped by AI. Thought leaders, pioneers, and experts in Web 3 and AI, hailing from both Japan and overseas, will offer a kaleidoscope of insights on technological applications, market dynamics, and innovative solutions. Additionally, interactive sessions are planned to deepen the discourse among attendees from diverse industries and nations.
This summit anticipates a gathering of over 100 VCs and investors, more than 100 exhibitors, and 120+ esteemed experts and scholars from the Web3 and AI sectors. We also expect a global audience of over 5,000 attendees.
Our objective remains clear: to champion the introduction and evolution of both Web3 and AI. Through highlighting the groundbreaking solutions offered by pioneers in these sectors we aspire to foster their wider acceptance and tangible impact in the real world.
【Web3 / AI:New Key to Japan’s Breakthrough】
The Japanese government has designated Web3 as a crucial element of its growth strategy and is actively cultivating the Web3 business environment through a range of measures, such as regulatory flexibility. In addition to this, the Japanese government has publicly stated that it will develop an aggressive approach to the use of AI and aims to be a world leader in the field.
Web3 and AI have a high affinity for each other, and their integration has unlimited potential. The application of blockchain technology to AI training data and the use of AI data analytics in decentralized finance (DeFi) lending protocols, are just a few of the possibilities.
By building an ecosystem that integrates Web3 and AI, Japan has the potential to pioneer related projects on the world stage.
Japan’s advancement in Web3 and AI necessitates the expansion of its business sectors. In alignment with this major companies are aggressively investing in Web3 and AI projects. Furthermore, a myriad of industries, including telecommunications, finance and manufacturing, are integrating these technologies into their operations. Concurrently, there is a surge in Web3 and AI projects initiated by startups. This has led to the creation of innovative business models related to daily life, such as NFT concert tickets featuring exclusive videos and AI-driven apps that allow users to virtually try on clothes.
Let’s usher in a renaissance in Japanese society by fusing Web3 and AI in the transformative year of 2024!
【About Event Detail】
Event Name:TEAMZ WEB3 / AI SUMMIT 2024
Dates:2024/4/13,14
Venue:TORANOMON HILLS FORUM
Host:TEAMZ, Inc
Audience:5000+
Speaker:120+
Summit Sponsor:100+
VC & Investor:100+
Media Partner:50+
Community Partner:50+
Summit Home Page:https://web3.teamz.co.jp/
【What to expect at the event】
- MAIN STAGE
Eminent leaders making strides in the Web3 and AI sectors will grace the stage, offering profound insights into current advancements, industry projections, specific applications and pioneering business concepts.
- PANEL DISCUSSION
A confluence of experts and industry frontrunners in the Web3 and AI realms will converge to deliberate on technological prospects, sectoral challenges, business avenues, and varied viewpoints, all aimed at sparking novel ideas and groundbreaking innovations.
- VIP CONFERENCE
An exclusive segment spotlighting all speakers and panelists from the Summit Here, VIP attendees will be accorded the unique privilege of obtaining firsthand guidance and input from the crème de la crème of the industry.
- EXHIBITION
The Summit’s exhibition area will be a hub of innovation, featuring over 100 standout Web3 and Ai initiatives. These projects will present their groundbreaking solutions and engage in productive interactions with investors and attendees.
- RED CARPET GALA
Marking the Summit’s grand conclusion, this event promises a splendid change to network with guest orators, specialists, and global investors. Revel in delectable beverages and gourmet cruising. Adorn your best attire and revel in a splendid evening set against the mesmerizing Tokyo night vista.
- TOKYO WEB3 / AI WEEK
Spanning five days from April 11th to 17th, TOKYO WEB3 / AI Week is set to captivate attendees with close to 100 eclectic side events, all centered on the Web3 and AI sectors. Participants can anticipate a whirlwind of thrilling experiences and fresh perspectives.
【Past Speakers】
Tim Draper (Founder / Draper Associates)
Masaaki Taira (Former Vice Minister of the Cabinet Office)
Yuzo Kano (President / bitFlyer Blockchain, Inc.)
Ciara Sun (Founder / C2 VENTURES)
Hironao Kunimitsu (Representative Director / Financier, Inc.)
Kensuke Amo (Managing Executive Officer / Coincheck K.K.)
Yoshiaki Ueno (Executive Officer / Group CDO and General Manager / Corporate Planning Department / Mitsubishi UFJ Financial Group, Inc.)
※Please refer to the summit website for other past speakers.
【Past Sponsors】
LINE, Microsoft Japan, IBM, Fujitsu, animoca BRANDS, NTV WANDS, Zaif, STEP’N, Accenture, Deloitte Tohmatsu, DMM Bitcoin, Quoine, Litecoin, HUBLOT, LOOT a DOG, etc.
※Please refer to the summit website for past sponsors.
【About Summit Sponsor and Partner】
As we gear up for this event, we’re on the lookout for individuals and companies to collaborate with in the following capacities:
・Summit Sponsor
・Community Partner
・Media Partner
If you, or any company or organizations you’re familiar with, are interested in these roles, we would love to hear from you. Participating in this event offers a golden opportunity to engage with industry trailblazers, stay abreast of the latest updates, and broaden your business horizons.
For further details or to get in touch with our team, please visit our official website as mentioned in the company profile. Alternatively, you can reach out to us directly at the email address provided below.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Cardano Summit 2023: Merging AI And Blockchain, Funding, And Day 2 Recap
In the financial center of Dubai, the Cardano Summit 2023 will gather some of the most prominent projects in the crypto space. During the three-day event, speakers, founders, and the community will voice views on the growing sector and the future of the network and blockchain technology as Cardano enters a critical stage in its development.
Cardano Summit 2023 Hints At What’s Next For The Ecosystem
The second day of the Cardano Summit 2023 was all about a debate on governance, community, funding, and bridging the Cardano ecosystem with new technologies, such as Artificial Intelligence. Governance and giving the community more power has been a key issue for IOG, Cardano’s leading developer.
Day2 at the #CardanoSummit2023 was marked by engaging discussions about governance & the future of #Cardano.
The IOG team was delighted to connect with so many #CardanoCommunity members, sharing insights that will shape the path ahead. Your passion fuels the Cardano ecosystem!
pic.twitter.com/g3YTNJyCgO
— Input Output (@InputOutputHK) November 4, 2023
Two years ago, the Cardano ecosystem celebrated its full decentralization as stake pool operators took over block production. Now, the ecosystem continues to move in that direction by implementing capabilities that will help the community retain that power.
Sebastian Zilliacus from Emurgo, a Cardano-based entity operating as their communication and educational arm, presented their vision to migrate social media platforms from centralized to decentralized environments.
In that way, users would finally break free from the control of third parties and can truly “own their identities.” In addition, teams presented tokenization solutions that could allow everyone to own a piece of precious metal and other “real-world assets” and ways to support displaced people by providing them with financial support using staking pools.
Main Stage Update!
Did you catch @szilliacus Managing Director of @emurgo_io Media sharing the vision on Decentralized Social Media: The Future of Empowerment & Connections?
“In the Web3 space, we celebrate the diversity of identity – we own our identities and… pic.twitter.com/1iQwOkdgT5
— Cardano Foundation (@Cardano_CF) November 4, 2023
To break down these and other topics, including the union of blockchain and AI, funding, and the sentiment during the event, our team reached out to Sheraz Ahmed, Managing Partner at STORM, to get his unique insight.
Ahmed was the master of ceremonies on the Innovation Stage. He has attended the last three Cardano Summits while helping with the ecosystem in different endeavors, including Emurgo and its marketing and educational efforts. This is what he told us about AI and Blockchain:
(…) blockchain as a data management system can benefit from having AI integrated within it. I think that’s a really important part. I think it also kind of has the ability that blockchain and that we can use blockchain as an underlying for AI. So I think the two go really well together as a well-attended panel.
A New Way To Fund Projects On Cardano
On the other hand, the community was looking forward to the debate around funding and financial support. As Ahmed explained, funding in the Cardano ecosystem mostly takes place via Project Catalyst, which has seen some delays during the Bear Market.
In that sense, the debate focused on incentivizing Venture Capitalist firms and external funding to onboard the Cardano ecosystem. Ahmed said:
(…) cutting off funding can be cutting off the oxygen out of startups. And so they are looking at other ways of kind of funding. Charles Hodkinson gave an interesting analogy to this where he was like, well, the treasury at the Foundation Foundation, the CARDENA as a whole is kind of like a big reservoir of water.
That catalyst is just the pipe is the only pipe at the moment to be able to release all of this kind of treasury that they have to support the community. And that through SIP 1694, which is the Air Voltaire, which will be the new governance mechanism to allow for things to operate a bit more autonomously, will allow for the community to be able to distribute treasury in a much more facilitated manner. And so I think a lot of community excited about that because it means that the flood gates are open or will be open and it will allow for projects, the community and other things to be funded in a better way.
Once again, the Cardano ecosystem seems to be preparing for the next cycle from different angles by supporting developers today, incentivizing more developers to work on their blockchain, and keeping a strong community.
These elements could play out for the Cardano ecosystem during the next Bull Cycle, allowing it to gain an advantage over Polkadot, Solana, and other networks. Ahmed concluded:
We’ll just have to wait and see. And it depends on the wisdom of the community and where they decide to spend their resources (…). If they have a better distribution of funds and in a more long-term mindset where they’re not just spending the whole treasury in a year, two years, but they have a 10 to 20 year mindset, I think things can really happen. So that’s super exciting.
Cover image from Unsplash, chart from Tradingview
Cardano Summit 2023: A Chat With SingulariyNET, Staking Announcement
In the financial center of Dubai, the Cardano Summit 2023 will gather some of the most prominent projects in the crypto space. During the three-day event, speakers, founders, and the community will voice views on the growing sector and the future of the network and blockchain technology as Cardano enters a critical stage in its development.
Our team had the opportunity to speak with the team behind SingularityNET, one of the first projects that has worked on integrating blockchain, machine learning, and Artificial Intelligence (AI) products. The community has been asking for staking features and finally got a response.
SingularityNET Launches Staking For AGIX Tokens During Cardano Summit 2023
During the event, SingularityNET revealed the implementation of staking capabilities for users holding their native token, AGIX. In this way, users can generate a yield from holding the token and contribute to the adoption of Cardano and SingularityNET.
Exciting News: AGIX Staking is coming to @Cardano!
Get exclusive insights by visiting our booth at the #CardanoSummit2023 – we’ve got a special surprise waiting for you!
Read our latest blog post for more details: https://t.co/qajpfZfdUL#AGIXonCardano #CardanoCommunity
— SingularityNET (@SingularityNET) November 2, 2023
The staking capabilities will roll out for everyone later this month. As mentioned, SingularityNET has been working on the intersection between the nascent industry and AI long before these technologies became a global trend. Now, their partnership with IOG and Cardano makes them a perfect candidate to benefit from the adoption of both as major companies pour capital and effort into integrating with AI and blockchain-based projects.
Our team sat down with Janet Adams, COO of SingularityNET, and Mihaela Ulieru on the future of blockchain and AI, the role of the community, and their partnership with Cardano. This is what they told us.
Q: Could you tell us about your experience during the Cardano Summit 2023? What does it mean for the SingularityNET ecosystem and its partnership with Cardano?
Adams: Feel like Home. When I come to a Cardano Summit, our partnership with Carano is very deep. It’s very strong. I have so many friends here today wandering around all of the different booths, meeting all the different thriving businesses, that are building on Cardano meeting so many friends of Singularity Net. We’re here with Dessa (Desdemona) Robot.
Dessa is really popular. She’s our pop star, our rockstar robot using a humanoid robot, of course, built by Hanson Robotics. It’s been very positive. I’m having a number of really positive discussions with all of the Cardano community. But what’s really important for us this year at SingularityNET is that our AGIX ADA staking solution on Carano is ready to launch in the next one to two weeks.
And that’s something that I always get asked for by the Cardano community, “when staking.” And so now it’s finally here, I’m here this week and this weekend I’m telling everybody “We now have staking.” They’re all super excited by it. And then that opens the door to us, porting the full SingularityNET marketplace onto Carano as our next major technical action.
Q: SingularityNET was a project being developed on Ethereum and eventually migrated to Cardano; what has been the result of this migration? Are your ties with Cardano and its community growing stronger?
Adams: So our visionary founder, Dr. Ben Goertzel, has a strong relationship with Charles Hoskinson. And there are two to three core reasons why Cardano is such a leading blockchain partner for us at SingularityNET.
One is that we share a common vision and goal for positive impact on humanity. Cardano was established to bring digital identity to populations who don’t have these kinds of solutions. And the shared passion that I feel when I meet the Cardano community is for positive impact. So that’s number one within the whole crypto community. And I meet many, many communities around the world. The Cardano community is the most heart-led, the most purpose-driven, the community that really cares about dramatically improving life on the planet for the people who need it most and reducing inequalities. We have shared interests in Africa, where we both have offices as well.
So one is the purity of purpose, the second is the mathematical foundation of the Cardano blockchain. It’s clearly in the long run, it’s clearly the most mathematically robust blockchain that has been developed. And because our artificial intelligence is also clearly mathematically driven as a mathematically driven solution, it’s really important that our AI runs on really solid, really secure, really scalable blockchain infrastructure.
And then the third reason is we wanted to take advantage of the much better gas fees on Cardano, but the community, the strength of the community, is the most passionate community in the world. We’re the most passionate company in the world, and our community is also super passionate. And so you bring those two passions together with a blockchain that is more robust, more scalable, more solid, more mathematically proven than any other blockchain. It’s clear that this is a very strong opportunity for us to work together, SingularityNET and Cardano are building the most important technologies of all time to reduce inequalities.
Q: Could you tell us about SingularityNET’s latest projects and how Artificial Intelligence (AI) connects with blockchain technology? Moreover, why build on Cardano rather than in a different network?
Ulieru: Some of our most outstanding projects are building the future of Artificial General Intelligence, such as Zarqa – a large language model that performs much better than ChatGPT due to our approach, which is building with a layer of symbolic reasoning on top of the normal neural networks methods implied in ChatGPT. Another dearest to my heart is the Cogito Protocol, which has a first application Green Coin – a stablecoin pegged to Sustainability Index and which will grow as we make strides to address the climate and sustainability conundrum.
So it offers a holistic perspective on incentivizing action that improves the state of the world at scale. Rejuve is a health impact project that enables people to improve their health (an App is guiding them on healthy lifestyle tricks) including a genetic product that improves longevity. And at last, Sophiaverse – a game in the metaverse enabling AGI to train by interacting with people via a game structure. There are many more and all building on Cardano as our preferred blockchain since it had the best technological stack.
Q: How do you envision the future of AI running on the blockchain? And what do you expect Cardano and SingularityNET to achieve in the coming years?
Ulieru: AI is all about processing large amounts of data, and the greatest conundrum is that it infringes on the privacy rights of individuals. With Blockchain this is hard to solve as well, given the transparency inherent in the design. Cardano came up with an innovation, which was today presented by Charles Hoskinson here at the Summit, the Midnight blockchain, with its “dust” token, which can enable the processing of encrypted data. There is also a development on the scaling of Cardano – since SingularityNET is expanding Hydra, the side chain of Cardano, with a novel implementation of a “ledgerless” blockchain named Hypercycle (see hypercycle.ai), which is enabling the processing of encrypted data and as such preserves the privacy. Hypercycle was chosen by SingularityNET to be “the Internet of AI” since their innovative implementation also comes with a “router” for the Internet of AI which everyone can install instead of their normal router and thus bring the AI algorithms to their data, which they can keep private and secure on their own personal router.
We at SingularityNET chose Cardano because it is by far the most innovative blockchains in terms of technology out there. The Keynote of Charles Hoskinson today proved exactly this, including the flexibility of Cardano to accommodate interoperability with all other blockchains, which we at SingularityNET praise a lot, since we are blockchain agnostic and want to enable everyone to use us. And yesterday we also announced that we began staking AGIX on the Cardano blockchain.
Cover image from Unsplash, chart from Tradingview
Cardano Summit 2023: Charles Hoskinson Takes The Stage, Day 1 Recap
In the financial center of Dubai, the Cardano Summit 2023 will gather some of the most prominent projects in the crypto space. During the three-day event, speakers, founders, and the community will voice views on the growing sector and the future of the network and blockchain technology as Cardano enters a critical stage in its development.
Kicking off the Networking Soirée in Dubai! #CardanoSummit2023 pic.twitter.com/6KwkVHSlZo
— Cardano Foundation (@Cardano_CF) November 2, 2023
What’s Missing In The Cardano Ecosystem?
The Cardano Summit 2023 began with a networking soirée leading to the ‘Battle of the Builders’ competition. The event, sponsored by industry leaders like CV Labs and Genius X, featured ten projects in a pitch contest showcasing the versatility of the Cardano ecosystem.
Frederik Gregaard, CEO of the Cardano Foundation, highlighted the robust number of Cardano GitHub repositories as evidence of the platform’s readiness for innovation. The number of developers working and shipping products on this blockchain has increased following its implementation of smart contract capabilities.
After intense deliberation by a panel of seasoned judges, including Gregaard and representatives from EMURGO and STORM Partners, Maestro claimed the top spot, with NEWM and zkFold rounding out the winner’s circle. The summit continues with more workshops and sessions.
Speaking with our team, Sheraz Ahmed, Managing Partner at STORM Partners, gave his perspective on the event, the obstacles of the building during a bear market, the topics dominating the Summit, the key component missing in the ecosystem, and the distinct quality of the Cardano community: passion.
STORM has been a long-time partner of Cardano and its ecosystem, aiding them in projects like Ergo Media, marketing, and educational efforts. Ahmed told us:
So there are three main topics of the conference. Operational, resilience, education and adoption. Those are the three ones that things are centered towards today’s on the innovation stage. The last discussions are around stablecoins and the importance of stablecoins within the Carano ecosystem. I think a lot of the Cardano community and projects are feeling the pressure of not having a Cardano interoperable (stablecoin). And you can really see that it’s impeding the ability to create DeFi products and applications.
Ahmed was one of the judges during the startup competition and saw how the community and the Cardano Foundation leadership leaned towards those projects building stablecoin solutions. In 2024, Ahmed expects Cardano to launch its native stablecoin, which could have major implications for this ecosystem, similar to the “Alonzo” Hard Fork Combinator (HFC) event:
So that thing is something (a native stablecoin) that’s just a missing piece of the puzzle that just needs to be filled in the Cardano ecosystem, and that it will be within the next, I’d say by mid next year, it should be the case from what I saw about some of the announcements, some of the discussions, etcetera. So that was the first one. Then education was a big topic this morning because there’s quite a wide community in Cardano. Cardano has quite a widespread community on a variety of different things.
I think one topic that wasn’t approached today that was kind of on the tongues of a lot of people in the audience was like, well, “all these things are good, but if we don’t have the funding or the money to do so, how is that going to work out?” And you probably know that the funding of Cardano happens through Catalyst, which is their funding mechanism. And they’ve done 10 funding rounds so far and so the mood at the conference was not bad in terms of the funding round 10, which was I think million just closed a few weeks ago or a month ago. So people are kind of happy or in good sentiment because those that got the approval have money to start building, doing things, etcetera. Because it’d been a year since they hadn’t had a funding round, and that was quite a long time. Normally, the cycles have been at maximum of four to six months.
Ultimately, Ahmed believes the Summit marks a major milestone for the Cardano ecosystem as it moves into the Middle East and North Africa (MENA) region.
Cardano Summit 2023: Founder Hoskinson Speaks
Today, the founder of Cardano and CEO at Input Output Global (IOG), Charles Hoskinson, took the main stage to speak about the blockchain’s “Past, Present, and Future.” Using his famous whiteboards, Hoskinson presented the “strategic pillars” underpinning Cardano’s evolution: Scaling, Governance, and Interoperability.
Whiteboard session with @IOHK_Charles about #Cardano: Past, Present and Future
#CardanoSummit2023 pic.twitter.com/VXLOaLbc7i
— Romain Pellerin (@rom1_pellerin) November 3, 2023
In addition, Hoskinson outlined upcoming enhancements like Hydra for scaling and governance tools like 1694 and Intersect, emphasizing the network’s direction towards self-amendment capabilities. For interoperability, the Cardano founder cited advances with sidechains and the implementation of Non-Interactive Proofs of Proof-of-Work (NiPoPoWs).
Hoskinson introduced the Cardano Settlement Layer (CASL) as a mainnet foundation for service layers, alongside PartnerChains for service layer collaboration, leveraging Minotaur’s consensus algorithm for cross-consensus interoperability. The framework will utilize Parity Substrate with Babel fees, enabling native asset transactions.
Cover image from Unsplash, chart from Tradingview
Cardano Summit 2023: Charles Hoskinson Takes The Stage, A Conversation With SingulariyNET
In the financial center of Dubai, the Cardano Summit 2023 will gather some of the most prominent projects in the crypto space. During the three-day event, speakers, founders, and the community will voice views on the growing sector and the future of the network and blockchain technology as Cardano enters a critical stage in its development.
Kicking off the Networking Soirée in Dubai! #CardanoSummit2023 pic.twitter.com/6KwkVHSlZo
— Cardano Foundation (@Cardano_CF) November 2, 2023
What’s Missing In The Cardano Ecosystem?
The Cardano Summit 2023 began with a networking soirée leading to the ‘Battle of the Builders’ competition. The event, sponsored by industry leaders like CV Labs and Genius X, featured ten projects in a pitch contest showcasing the versatility of the Cardano ecosystem.
Frederik Gregaard, CEO of the Cardano Foundation, highlighted the robust number of Cardano GitHub repositories as evidence of the platform’s readiness for innovation. The number of developers working and shipping products on this blockchain has increased following its implementation of smart contract capabilities.
After intense deliberation by a panel of seasoned judges, including Gregaard and representatives from EMURGO and STORM Partners, Maestro claimed the top spot, with NEWM and zkFold rounding out the winner’s circle. The summit continues with more workshops and sessions.
Speaking with our team, Sheraz Ahmed, Managing Partner at STORM Partners, gave his perspective on the event, the obstacles of the building during a bear market, the topics dominating the Summit, the key component missing in the ecosystem, and the distinct quality of the Cardano community: passion.
STORM has been a long-time partner of Cardano and its ecosystem, aiding them in projects like Ergo Media, marketing, and educational efforts. Ahmed told us:
So there are three main topics of the conference. Operational, resilience, education and adoption. Those are the three ones that things are centered towards today’s on the innovation stage. The last discussions are around stablecoins and the importance of stablecoins within the Carano ecosystem. I think a lot of the Cardano community and projects are feeling the pressure of not having a Cardano interoperable (stablecoin). And you can really see that it’s impeding the ability to create DeFi products and applications.
Ahmed was one of the judges during the startup competition and saw how the community and the Cardano Foundation leadership leaned towards those projects building stablecoin solutions. In 2024, Ahmed expects Cardano to launch its native stablecoin, which could have major implications for this ecosystem, similar to the “Alonzo” Hard Fork Combinator (HFC) event:
So that thing is something (a native stablecoin) that’s just a missing piece of the puzzle that just needs to be filled in the Cardano ecosystem, and that it will be within the next, I’d say by mid next year, it should be the case from what I saw about some of the announcements, some of the discussions, etcetera. So that was the first one. Then education was a big topic this morning because there’s quite a wide community in Cardano. Cardano has quite a widespread community on a variety of different things.
I think one topic that wasn’t approached today that was kind of on the tongues of a lot of people in the audience was like, well, “all these things are good, but if we don’t have the funding or the money to do so, how is that going to work out?” And you probably know that the funding of Cardano happens through Catalyst, which is their funding mechanism. And they’ve done 10 funding rounds so far and so the mood at the conference was not bad in terms of the funding round 10, which was I think million just closed a few weeks ago or a month ago. So people are kind of happy or in good sentiment because those that got the approval have money to start building, doing things, etcetera. Because it’d been a year since they hadn’t had a funding round, and that was quite a long time. Normally, the cycles have been at maximum of four to six months.
Ultimately, Ahmed believes the Summit marks a major milestone for the Cardano ecosystem as it moves into the Middle East and North Africa (MENA) region.
Cardano Summit 2023: Founder Hoskinson Speaks
Today, the founder of Cardano and CEO at Input Output Global (IOG), Charles Hoskinson, took the main stage to speak about the blockchain’s “Past, Present, and Future.” Using his famous whiteboards, Hoskinson presented the “strategic pillars” underpinning Cardano’s evolution: Scaling, Governance, and Interoperability.
Whiteboard session with @IOHK_Charles about #Cardano: Past, Present and Future
#CardanoSummit2023 pic.twitter.com/VXLOaLbc7i
— Romain Pellerin (@rom1_pellerin) November 3, 2023
In addition, Hoskinson outlined upcoming enhancements like Hydra for scaling and governance tools like 1694 and Intersect, emphasizing the network’s direction towards self-amendment capabilities. For interoperability, the Cardano founder cited advances with sidechains and the implementation of Non-Interactive Proofs of Proof-of-Work (NiPoPoWs).
Hoskinson introduced the Cardano Settlement Layer (CASL) as a mainnet foundation for service layers, alongside PartnerChains for service layer collaboration, leveraging Minotaur’s consensus algorithm for cross-consensus interoperability. The framework will utilize Parity Substrate with Babel fees, enabling native asset transactions.
Cover image from Unsplash, chart from Tradingview
Unlocking the Power of Web3 and AI: Insights from the 2023 Global Summit
PRESS RELEASE. USA, 230928 – The Worldwide AI & Web3 Summit, held on September 28 – 29, 2023, brought together industry leaders from enterprises such as HAI Stanford, Berkeley/HAAS, Google Deepmind, NVIDIA, and Meta to explore the intersection of AI and Web3 technologies and their potential to transform various sectors.
Web3 – the recently emerging concept considered the next generation of the internet – is characterized by blockchain-integration technology and decentralized principles, offering motivation for innovation, trust, and inclusivity. Combined with AI, the duo holds promise for Sustainable Development projects, aligning with the United Nations’ Sustainable Development Goals (SDGs).
Mr. Thomas Neubert, the co-founder of WowDAO AI, highlighted the potential of this synergy in revolutionizing energy management. “AI algorithms can optimize energy consumption in real-time, while Web3 enables peer-to-peer energy trading on a decentralized platform, leading to more efficient energy usage and reduced carbon emissions. This combination is poised for widespread adoption, benefiting areas such as renewable energy management, smart agriculture, water and waste management, etc.”
Also, by Neubert, Southeast Asia (SEA) was identified as a prime region for exploration due to global economic shifts. SEA’s growth in startup activities and crypto trading, exemplified by Vietnam and Singapore, positioned the region as a leader in the wave of Web3 and AI innovation.
In the case of Vietnam, the country’s technology landscape offers a conducive environment for innovation in Web3 and AI, reflected by its tech-savvy workforce that proves by ranks 8th globally for software engineers. Vietnam’s acceptance of blockchain and high rate of crypto ownership, along with numerous startups and innovation hubs, placed it at the forefront of the technology boom.
As emphasized by Ms. Trang Phung, CMO of U2U Foundation, “Vietnam has the potential for pushing the boundaries of Web3 and AI innovation. These potentials highlighted the high-quality human resources, government policies supporting technology sector development, and the numerous blockchain startup projects that positioned Vietnam as a regional technology key player.”
The Worldwide AI & Web3 Summit also hosted the Worldwide AI Hackathon 2023, an exclusive incubator program for AI enthusiasts and early-stage startups. Over 1,700 contestants from 88 countries registered, with top projects undergoing rigorous evaluation by judges from leading tech giants.
Yvonne Lutsch – Investment Principal of Bosch Ventures, and Nestor Maslej – Research Manager of Stanford HAI, have the same idea in expressing their excitement about AI’s practical application and growth in the real world.
“AI is starting to move into the real world. I think five years ago, ten years ago, AI was still very much something that existed in the lab, with many promises and potential, but it wasn’t necessarily clear when that potential and that promise would be realized. But now, AI is being used in tangible ways, and in these use cases, I would say we should only expect to continue growing,” Maslej said.
The Worldwide AI Hackathon aimed to adress sustainability through blockchain. Mr. Cris D Tran – Founding Advisor of U2U Foundation – highlighted the potential of Web3 and AI for Sustainable Development, with the U2U Chain as an exciting solution. The U2U Chain’s technical advancements, scalability, security, and collaborations with ESG-focused enterprises positioned them as the leader in the “green” blockchain industry.
The U2U Chain has marked a significant technological advancement in the blockchain sector, integrating the Proof of Elapsed Time with the Gossip protocol and the DAG algorithm. With a theoretical capacity of 500,000 transactions per second (tps), a transaction finality of 350ms, and triple layers of Sybil protection, the U2U Chain is emerging as the preferred choice for Enterprise applications in Vietnam and South East Asia. This combination of features is reported to enhance scalability, security, and decentralization, further solidifying its position in the market.
On a global scale, U2U’s collaboration with “green” enterprises underscored their commitment to environmental sustainability. The U2U Foundation’s mission revolved around widely adopting the Unicorn Ultra Chain, aiming to create a more decentralized, secure, and transparent digital environment.
About U2U Foundation
The U2U Foundation is dedicated to promoting the growth of the U2U ecosystem, leveraging the strength of the U2U Chain. The foundation envisions the Unicorn Ultra Chain as a revolutionary distributed ledger platform, making digital interactions accessible and user-friendly. By fostering decentralization, security, and transparency, the U2U Foundation seeks to build the next big things by providing motivation and innovation for global Web3 startups.
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