The NIM RollApp combines blockchain tech with gaming to enhance user experiences. NIM, resulting from a three-year effort into gaming and deep-tech cryptography, aims to overcome current limitations in web3 gaming. The $NIM token will serve as the native currency for transactions and staking in the RollApp. NIM plans to start with an AI-focused project and progress through three phases of infrastructural development and application creation. Its tokenomics will provide a robust economy in the ecosystem.
Thursday, March 7, 2024FormAI aims to democratize artificial general intelligence by creating a blockchain-driven protocol for AI computation, data, and research. The Form protocol leverages a decentralized network for efficient AI training and inference. It supports various hardware, employs smart contracts for task management, and uses pipeline and data parallelism for task allocation. It also introduces a reward system and integrates synthetic data generation, data scraping and labeling, and AI evaluation. FormAI also aims to foster AI research and ensure community governance in AGI decision-making.
Wormhole announced an airdrop for its governance token across Solana, Ethereum, and other blockchains, benefiting nearly 400,000 wallets with 617.3 million tokens allocated.
The market for tokenized U.S. government securities has surged since January 2023, surpassing $1 billion. The data reflects a significant uptick in demand and adoption of blockchain technology for traditional financial assets, with tokenized Treasuries offering a modern, blockchain-based approach to trading government bonds.
Blobstream is now live on the Base Mainnet, marking an evolution in onchain development. Developers can now create high-throughput blockspaces, comparable to smart contracts, using Celestia's modular data availability (DA) layer. This innovation removes the need for alternative Layer 1s or centralized DA solutions, allowing for seamless deployment within the same ecosystem. Developed by Succinct Labs, Blobstream acts as a data attestation bridge, ensuring rollup data integrity on Celestia through DA attestations and Merkle proofs and facilitating the scaling of Ethereum's rollup frameworks.
Degen Chain is a pioneering Layer 3 (L3) platform designed for the /degen community. It is built upon Arbitrum Orbit with Base for settlement and AnyTrust for data availability. Degen Chain uses $DEGEN as its native gas token, making it one of the first community tokens to operate with its own L3 infrastructure. This innovation, offering ultra-low-cost transactions and new scalable solutions for the EVM ecosystem, represents a significant step in onchain internet evolution.
This thread explores the current state of decentralization, emphasizing the contrast between permissionless blockchains like Ethereum and websites like OpenSea. Any website can choose whether or not to display an NFT, but they cannot modify the NFT itself. Most Layer 2s are still fairly centralized and controlled by a few parties. Decentralization will likely improve in the coming years.
Blobs, the new storage type for Ethereum L2s introduced in the March 13 Dencun upgrade, have been overrun by the inscriptions mania that previously congested several other chains earlier this year. BlobScriptions caused blob gas fees to spike to around $18, though it has since fallen to around $1.20. The fees should return to normal levels as the true value of blobs becomes evident after this price discovery phase.