Decentralized

Decentralized Storage Protocol Walrus Unveiled by Mysten Labs

Tuesday. October 1 at 1:00 AM

1 min. read

Mysten Labs recently revealed its decentralized storage and data availability protocol, Walrus, at the Sui Builder House event in Singapore. Janet Wu, the Director of Product at Mysten Labs, emphasized the significance of data and the lack of storage innovation in recent years. The decentralized storage platform, governed by its native utility token WAL, aims to make Web3 a reality. Walrus, based on a Delegated Proof-of-Stake Network, offers robust resistance to censorship and enhanced reliability by storing data across multiple nodes. The platform, built on the layer-1 network Sui, utilizes a new data encoding algorithm called Red Stuff, enabling faster processing of large files. With a staking model that rewards nodes based on their stake, WAL also serves as a governance token for parameter adjustments. The upcoming Walrus testnet has already garnered interest from various projects, including Decrypt, which plans to store its content on the protocol.

More news 🗞️

Jupiter DEX Aggregator Reveals Criteria for Second Airdrop

Friday. December 27 at 5:00 PM

Jupiter, a DEX Aggregator platform on Solana, has announced details for its upcoming second airdrop in January 2025. The airdrop will consist of 700 million JUP tokens, valued at $581 million. The distribution plan divides the tokens, with 500 million going to Users and Stakers, and 200 million to Carrots and Good Cats. Approximately 22% of the 10.65 million eligible wallets will receive tokens, with 2 million meeting the swap volume criteria. Jupiter also mentioned that the criteria are subject to change. The platform previously conducted a successful airdrop, resulting in a price surge. Currently, JUP is trading at $0.85, with a circulating supply of 1.35 billion. Jupiter's total value locked exceeded $2.4 billion in December, indicating a growing demand for trading on the platform.

Decentralized

Decentralized Science: Revolutionizing Research with Blockchain Technology

Tuesday. December 24 at 9:00 PM

Decentralized science, known as DeSci, has been gaining momentum in the crypto community by utilizing blockchain technology and tokenized funding to revolutionize research practices. VitaDAO's Maria Marinova sheds light on DeSci's innovative funding model, which incorporates decentralized autonomous organizations (DAOs) for transparency and governance. DeSci leverages blockchain, tokens, NFTs, and DAOs to enhance scientific collaboration, incentivize contributions, and enable community-driven decision-making. By providing financial incentives through token rewards and reputation systems, DeSci encourages reliable scientific work. Projects like Pump.Science and VitaDAO exemplify the success of DeSci in democratizing research funding and ownership. Despite challenges such as adoption barriers and intellectual property concerns, DeSci has the potential to bridge the gap between traditional science and decentralization, creating a hybrid model that combines the rigor of traditional science with the inclusivity of Web3.

Decentralized

The Rise and Challenges of Decentralized AI

Monday. December 23 at 6:00 PM

In 2024, the decentralized AI sector experienced remarkable growth, with investors injecting $436 million into the field, a 200% surge from 2023. This growth aligns with the global AI market's $214 billion market cap. The fusion of AI and blockchain is reshaping their development and accessibility. Decentralized AI integrates AI into systems emphasizing distributed ownership and governance, unlike centralized models. Investors are increasingly supporting decentralized AI startups, with projects like SingularityNET leading the way. The merger of SingularityNET, Fetch.ai, and Ocean Protocol aims to democratize AI access. Challenges such as scalability, trust, and data privacy hinder decentralized AI's progress. However, its potential to address privacy concerns and offer shared ownership of AI agents drives its growth. To succeed, decentralized AI must focus on real-world applications and sustainable infrastructure, prioritizing utility over hype.

Decentralized

Transforming Decentralized Physical Infrastructure Networks

Tuesday. December 17 at 2:00 PM

Decentralized Physical Infrastructure Networks (DePin) are revolutionizing the tech industry by facilitating decentralized projects in real-world infrastructure. Recent developments in the DePin sector include VanEck investing $2.5 million in DAWN for decentralized wireless service, IoTeX joining the Blockchain Association for DePin advocacy, Exabits securing $15 million in seed funding, and more. VanEck's investment in DAWN, a DePin Project focusing on creating a decentralized wireless service provider, highlights the potential for competition with traditional ISPs. Exabits, an AI GPU tokenization startup, received $15 million in seed funding, leading to a $150 million valuation and a 300% revenue increase. IoTeX's unique approach involves advocating for friendlier regulations by joining the Blockchain Association. Karrier One also launched decentralized WiFi hotspot devices to enhance DePin Internet access. These advancements signify a shift towards decentralized infrastructure innovation and collaboration with policymakers in the DePin ecosystem.

Decentralized