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Hackernoon
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This New Protocol Promises to Give Back Control Over Your Data, But Is It Up To The Challenge?
- The Story Protocol aims to give back control over data and intellectual property in the face of AI dominance within the digital realm by tokenizing intellectual property on a layer 1 blockchain.
- Intellectual Property (IP) encompasses a wide range of creative and innovative creations that are legally protected, with an estimated global market value of potentially $61 trillion.
- The Story Protocol utilizes a layer 1 blockchain tailored to tokenize IP, offering smart contracts to define royalty agreements and terms of usage, safeguarding creators from unauthorized AI use.
- The blockchain's native token, $IP, serves multiple functions such as staking, gas payments, and governance for decision-making regarding the protocol's future.
- The Story Protocol team includes notable individuals like co-founder Jason Zhao, known for his work at Google's DeepMind, with PIP Labs, the primary developer, securing funding from Andreessen Horowitz (a16z) among other backers.
- The innovative solution provided by Story Protocol addresses the increasing significance of data in the age of AI, promoting fair coexistence between human-generated and AI-generated content by ensuring creators receive compensation for the use of their IP.
- By maintaining control over tokenized IP on the blockchain, creators retain ownership and benefit from potential monetization opportunities, positioning the Story Protocol as a significant player in the evolution of Web 3.
- The project's launch has garnered attention within the crypto community for its potential to empower creators and combat AI data exploitation, ultimately offering a glimmer of hope for a more equitable digital landscape.
- Story Protocol's commitment to empowering creators and protecting their work raises questions about the necessity of ensuring ownership in an AI-dominated future, inviting reflection on alternative approaches to safeguarding intellectual property.
- The project's innovation, team composition, and strategic partnerships contribute to its potential success in transforming the IP landscape and promoting the foundational values of crypto and Web 3.
- As the Story Protocol endeavors to reshape the digital ecosystem by championing creator rights and data ownership, it has emerged as a promising initiative warranting attention and consideration in the evolving blockchain space.
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Medium
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Polkalottery is LIVE on Acala Network: A Game-Changer in Blockchain Gaming
- Polkalottery is a fully decentralized lottery system designed for the Polkadot ecosystem, running on smart contracts with automated and trustless draws.
- Key benefits include trustless and transparent draws, instant rewards, low-cost transactions, and fair and secure gameplay.
- Users can purchase tickets with DOT and earn rewards in DOT or Polkalottery's native token ($LOTY).
- Polkalottery is set to redefine online lotteries by providing a provably fair, fully automated, and cost-efficient gaming experience.
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Medium
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Your Social Media Voice Hangs by a Thread — And Billionaires Hold the Scissors
- Social media platforms, which were supposed to be tools for connection and empowerment, have become controlled by a small group of powerful entities.
- Users face the risk of having their voices silenced through opaque algorithms, inconsistent moderation policies, or outright bans.
- Centralized social media prioritizes profit and control over the needs and rights of its users, stifling free expression and compromising privacy.
- Nostr, an open-source, decentralized protocol, offers a solution to the problems of centralized social media by empowering users and making them the owners of their online experience.
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Medium
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How Will MyShell's Decentralized AI Platform Impact the Future?
- MyShell's decentralized approach to AI is set to transform the industry, leveraging blockchain technology to create a trustless and transparent environment.
- By allowing AI agents to be shared and monetized, MyShell promotes collaboration, innovation, and fair compensation for creators.
- MyShell aims to become a shared ecosystem, fostering community-driven advancements in AI through its open source approach and decentralized architecture.
- With the potential to promote inclusivity, diversity, and accelerate innovation, MyShell is unlocking the future of AI usage.
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Medium
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Good morning guys!.
- STON.fi has integrated with Symbiosis, an automated market maker decentralized exchange (DEX) supporting over 35 networks.
- Symbiosis allows users to trade assets across multiple blockchains, including TON.
- The integration enables seamless transactions between networks, increasing trading volume through STON.fi's liquidity pools.
- This partnership is expected to bring enhanced liquidity, improved user experience, and increased adoption in the DeFi space.
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Medium
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The Future of Finance: How AI and Crypto Are Revolutionizing the Financial World
- Artificial intelligence is revolutionizing how we process financial data, predict market trends, and make investment decisions.
- Cryptocurrency is reshaping traditional financial systems, giving individuals greater control over their money and enabling faster, cheaper transactions.
- The intersection of AI and crypto holds the potential to create a new financial ecosystem that is smarter, faster, and more accessible to everyone.
- The future of finance is unfolding with AI and cryptocurrency at the forefront of this revolution.
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Medium
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PAI3: AI That Belongs to the People
- Big Tech controls the AI industry, making it difficult for users to access cutting-edge AI without compromising their data and freedom.
- PAI3 introduces AI Containers that enable AI models to run on personal devices, decentralizing AI infrastructure.
- PAI3's Mesh Network enables real-time collaboration between nodes, ensuring uninterrupted AI operation even if a node goes offline.
- PAI3's AI EVM acts as the decentralized execution layer, allowing AI models to process data and execute tasks without centralized control.
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Crypto-News-Flash
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Mantle Joins Chainlink SCALE to Supercharge DeFi With Live Data Feeds
- Mantle Network joins Chainlink SCALE to strengthen DeFi reliability through low-cost and secure data access.
- The partnership enhances security and accuracy with decentralized oracle nodes for uninterrupted, real-time price updates.
- Mantle Network covers operational costs for Chainlink oracle nodes, improving the accuracy, security, and scalability of on-chain data.
- Mantle gains access to Chainlink Price Feeds and Data Streams for accurate market data and sub-second price updates in fast-moving markets.
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Bitcoinist
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Ethereum Eyes Potential Upward Move As Bullish Chart Pattern Remains Intact
- Ethereum's price fluctuations may be nearing its end, indicating a potential upward move.
- The presence of a bullish Symmetrical Triangle chart pattern suggests further upside growth for Ethereum.
- Seasoned analyst Titan of Crypto believes ETH's rally is on the horizon and its comeback will be legendary.
- Factors such as Ethereum's introduction of smart contracts and its position as a leading asset in the crypto market make it a promising investment.
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Hackernoon
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Crypto-Powered Loyalty Apps Empower Brands to Enter Web3
- Brands struggle to engage Web3 audiences due to technical complexity, lack of domain knowledge, and loose regulations.
- Crypto-powered loyalty apps like LunarCrush, Lever.io, CommunityOne, and Kazm are empowering brands in the Web3 space.
- LunarCrush provides data-driven insights to optimize influencer marketing campaigns in Web3.
- Lever.io uses AI to match brands with Web3 influencers, considering engagement rates, audience demographics, and brand alignment.
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TechBullion
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Pepedose ($PEPD) Raises Over $300K in 24 Hours to Transform DeFi with PEPD Token and mETH Layer 2 Blockchain
- Pepedose has raised over $300,000 within 24 hours to transform DeFi with PEPD Token and mETH Layer 2 Blockchain.
- The launch of $PEPD aims to foster a strong and engaged network of users in decentralized finance.
- Pepedose is preparing to introduce the mETH Layer 2 blockchain to optimize scalability.
- Pepedose is committed to building an ecosystem that evolves with its users and reshaping the DeFi landscape.
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NullTX
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TRON ($TRX) Dominates Blockchain Fees, Surges in Value, and Hits New Milestone in 2024
- The TRON blockchain, particularly the $TRX token, has emerged as a dominant player in generating fees, surpassing competitors like Solana, Ethereum, and Bitcoin.
- In the past month, TRON recorded a notable $270.3 million in fees, showcasing its profitability and traction in the blockchain space.
- TRON's growth in 2024 has been remarkable, with $TRX reaching new heights and achieving a market capitalization of over $12 billion.
- The network's value surge is attributed to its high transaction throughput, low fees, and popularity among developers for dApps and smart contracts.
- TRON recently achieved a milestone of over 125 million active addresses, signaling significant interest and engagement on its network.
- The network's economic activity and user base growth reflect its thriving ecosystem and position in the blockchain industry.
- TRON's dominance in fee generation, outperforming Ethereum and Solana, is commendable, highlighting its competitive edge in the blockchain arena.
- By offering low transaction fees and appealing alternatives to Ethereum's scalability issues, TRON is poised to capture more of the fee market share.
- TRON's future outlook appears promising, with its growing presence in the DeFi space and continuous expansion of dApps and DeFi protocols.
- The network's progress in 2024, evidenced by a 27% price surge, substantial fee generation, and a large active address count, positions TRON for ongoing success.
- As TRON's ecosystem expands and user base grows, $TRX is establishing itself as a significant player in the rapidly evolving blockchain technology sector.
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Hackernoon
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Is That 0.05% Extra Yield Really Worth the Risk of Staking Your Crypto?
- Restaking your cryptocurrency to earn a marginal increase in yield entails hidden risks across various platforms, particularly in the emerging practice of liquid staking and restaking.
- While staking offers an annual return, liquid staking provides liquidity to staked assets, and restaking allows leveraging staked assets without unstaking, introducing additional risks.
- The risks posed by centralization in platforms like Lido and EigenLayer could lead to significant vulnerabilities, as seen in slashing incidents and concentration of control.
- Restaking, with its innovative yet untested infrastructure, can amplify technical errors, potential liquidation cascades, and systemic risks for DeFi.
- The Renzo ezETH crash in April 2024 exemplified how depegs can trigger substantial losses, underscoring the underpricing of risks in restaking protocols.
- Users might underestimate the risks associated with restaking, as the additional yield might not adequately compensate for the risk exposure, per Redstone's Co-founder.
- Even Vitalik Buterin expresses caution about restaking, emphasizing the need to avoid compromising Ethereum's core consensus for peripheral gains.
- Lessons from past events like the DAO hack in 2016 underscore the importance of transparency and risk awareness in navigating the complexities of DeFi and restaking.
- Innovations like restaking require transparent risk metrics and gradual user education to ensure investor protection and prevent potential systemic failures in DeFi.
- Ultimately, the evolution of DeFi towards inclusivity and transparency hinges on developing measures to educate users, offer clear risk assessments, and foster a secure financial ecosystem for all participants.
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Crypto-News-Flash
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Ethereum Developers Confirm Pectra Upgrade, Testnets to Launch in February & March
- Ethereum’s Pectra upgrade is set to launch on testnets in February and March, with mainnet activation expected by April 8.
- Developers plan faster upgrade cycles and aim to finalize the Fusaka scope by April 10 to accelerate Ethereum’s roadmap.
- Pectra testnet deployments are scheduled for the Holesky testnet on February 24 and the Sepolia testnet on March 5.
- The upgrade includes up to 20 Ethereum Improvement Proposals (EIPs) to enhance wallet functionality, improve user experience, and increase scalability.
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Bitcoinist
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6 Arrested In Shocking Chicago Kidnapping For Massive Crypto Ransom
- Six men are accused of kidnapping three family members and their nanny from a Chicago townhouse in exchange for a crypto-ransom.
- The victims were held captive for five days and forced to hand over almost $15 million in Bitcoin.
- Evidence, including receipts, zip ties, and surveillance footage, led to the arrest of Zehuan Wei and five other men.
- Approximately $9 million of the crypto assets are still missing.
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