Decentralized

European Commission's Blockchain Sandbox Initiative Welcomes Regulators from 22 Countries

Wednesday. October 2 at 6:00 AM

1 min. read

The European Commission has revealed the regulators participating in the second phase of its blockchain sandbox initiative. The European Blockchain Sandbox Initiative (EBSI) announced that 41 authorities and regulators from 22 European Union and European Economic Area countries have joined. Participating countries include France, Spain, Italy, Germany, and more. EBSI was established to support distributed ledger technology (DLT) use cases and facilitate dialogue between blockchain projects, regulators, and authorities to address legal and regulatory challenges. The initiative aims to enhance regulatory clarity for blockchain solutions. Additionally, EBSI will annually back 20 blockchain projects, offering legal advice and regulatory support. Companies selected for the second phase range from real-world asset tokenization to blockchain-based digital passports. Notably, Iota, a crypto ecosystem, was chosen for its identity solution, emphasizing the importance of KYC discussions and privacy in Web3 amidst growing regulatory interest in decentralized finance.

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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

Revolutionizing Digital Identity: Dentity Acquires Trinsic's Assets

Friday. December 13 at 10:00 AM

In a significant move, Dentity has acquired Trinsic's decentralized identity assets, paving the way for enhanced Web3 identity solutions. This acquisition marks a milestone in advancing decentralized identity infrastructure globally. Dentity aims to empower individuals by giving them full control over their digital identities, a stark contrast to the dominance of Big Tech in data control. By joining Trinsic's Identity Acceptance Network, Dentity gains access to a vast consumer base, enabling seamless identity verification through digital IDs. The increasing demand for decentralized digital identity solutions is evident, with consumers seeking more privacy-driven options. This acquisition positions Dentity to tap into the multi-billion dollar digital identity market, projected to reach $325 billion by 2027. With a focus on empowering individuals and combating online fraud, Dentity is poised to lead the way in revolutionizing digital trust online.

Decentralized

Decentralized AI Integration on Sui's Mainnet

Friday. December 13 at 3:00 AM

Sui, a Layer 1 blockchain known for its scalability and speed, has partnered with Atoma Network to launch Atoma's decentralized AI layer on Sui's Mainnet. This collaboration introduces a decentralized AI Chat app called 'Utopia' that prioritizes user data ownership while delivering a seamless experience. Atoma's structure ensures privacy by processing AI within secure environments, safeguarding user data from external access. Unlike centralized AI models, Atoma's decentralized approach offers complete privacy and censorship resistance. Developers can easily create personalized applications using Atoma's API endpoints, similar to OpenAI's, enabling tasks like chatbots linked to various applications while maintaining data control. By leveraging Sui's blockchain technology and Walrus decentralized storage, Atoma ensures fast, secure data access for AI models, enhancing memory and workflow efficiency. This partnership aims to revolutionize AI technology by prioritizing user privacy and data security in a rapidly evolving digital landscape.

Decentralized

Hyperbolic Secures $12M for Decentralized AI Infrastructure

Tuesday. December 10 at 11:00 PM

Hyperbolic, a startup specializing in decentralized AI computing and inference services, has raised $12 million in a Series A funding round led by Variant and Polychain Capital. The funding round saw participation from various investors, including Lightspeed Faction, Bankless Ventures, and Wintermute Ventures, as well as angel investors Sreeram Kannan and Alex Atallah. This brings the company's total funding to $20 million, aiming to expand its presence in the growing AI and Web3 markets. Hyperbolic is developing a decentralized GPU marketplace and offering verifiable AI inference services to address the lack of accessible and affordable computing power for developers and researchers. Their platform allows GPU suppliers to monetize idle resources and offers renters up to 75% cost savings. With a focus on bridging Web2 and Web3, Hyperbolic plans to launch its own blockchain in 2025 for collective governance. Major players like Hugging Face and Quora already utilize Hyperbolic's services, and the company intends to use the funding to expand its teams and global AI platform.

Decentralized