Eclipse Foundation announced that Eclipse Mainnet is open for builders. According to the team: “In the weeks ahead, we invite builders to deploy on Eclipse Mainnet and participate in our hackathon, the Total Eclipse Challenge. Builders can deploy seamlessly, get fast, hands-on technical support from the Eclipse team and become part of the Eclipse ecosystem.” Eclipse is a layer-2 network atop Ethereum that relies on the Solana Virtual Machine for transaction execution, Celestia for data availability and RISC Zero for ZK fraud proofs.
Raiinmaker, AI-Focused Peer-to-Peer Network, Launches Decentralized App for Solana Mobile
PROTOCOL VILLAGE EXCLUSIVE: Raiinmaker, a federated peer-to-peer network developed to enable AI systems to optimize privacy, security and performance, has launched a decentralized application (dApp) on Solana Mobile dApp Store. According to the team, the project “allows users to seamlessly interact with its decentralized AI capabilities directly from the app’s DePIN mobile node. With this dApp, Solana users can generate AI content, train models, and run decentralized compute nodes from the palm of their hands.”
Irys, a provenance layer for permanent data storage, announced it will transition to a new layer-1 network with the launch of a “programmatic datachain that combines data storage and execution.” According to the team: “Designed to meet developers’ evolving needs, Irys Layer 1 offers the ability to create future-proof and secure dApps across Ethereum, EVM-compatible chains, Solana, Avalanche, Aptos and more….. Through IrysVM, which is fully EVM-compatible, developers can leverage efficient and cost-effective real-time data manipulation. This approach simplifies development processes, enhances scalability and ensures stable and predictable pricing for transactions and data storage. Ecosystem partners building on Irys’ Layer 1 include Berachain, Eclipse, Injective Labs, Livepeer, Linea, IoTeX, Gateway.fm, Lit Protocol, NodeKit, Olas, Snapchain, BeraLand and YEET.” Founded in 2021, Irys began its journey as Bundlr, a scaling solution for permanent data storage on Arweave.
Polychain, Lightspeed Lead $7M Fundraise for Math Olympian’s Blockchain-Based AI Platform
Hyperbolic, one of the newer contenders in the race to apply blockchain tech to artificial intelligence, has raised $7 million in a seed funding round led by Polychain Capital and Lightspeed Faction. Hyperbolic’s first product will be an AI inference service that allows builders to use state-of-the-art AI models “at a fraction of the cost,” according to the company. (After an AI model is trained, it makes “inferences” based on user requests, such as when ChatGPT responds to user queries.)
Router Launches Mainnet, as More Projects ‘Abstract’ Away Blockchains
Router Protocol, a project built using Cosmos blockchain technology, said Tuesday that it launched the main network of a new blockchain designed for “chain abstraction” – a concept embraced by many protocols with the aim of making the user experience of blockchains more seamless. To make the new Router Chain more seamless in cross-chain interactions, it will focus on reducing “the development barriers and streamlining the development of dApps that can seamlessly interact with multiple blockchains and aggregate liquidity from any chain,” according to a press release shared with CoinDesk.
Move Language Developer Movement Labs Joins AggLayer
Movement Labs, a blockchain developer aiming to bring Facebook (META)’s Move Virtual Machine (MoveVM) to the Ethereum blockchain, has joined AggLayer. The collaboration will enable unified liquidity across layer-2 blockchains written in the Move smart contract language, according to an emailed announcement on Tuesday. “This integration makes Movement the first Move-based ecosystem to utilize the AggLayer, effectively bridging the gap between Move and EVM ecosystems,” Movement Labs said.
XProtocol Announces Launch of ‘Superchain Testnet Mint’ for ‘Ultra-High Throughput’
XProtocol, an entertainment-focused layer-3 network on the Ethereum layer-2 network Base, announced the launch of its Superchain Testnet Mint, “a modular ultra-high throughput blockchain built using Superchain technology for the gaming and entertainment industry.” According to the team: “The platform is now available for node operators, developers and the community to join and claim KICK Tokens and seamlessly integrate the XProtocol Testnet into their wallets. Participants can also mint exclusive Xardian Master NFTs, earning rewards for their valuable feedback.” The project says its mission is to “provide cutting-edge solutions and experiences in the Web3 entertainment landscape.”
ExSat, Docking Layer for Scaling BTC, Launches Testnet With Validators, Mining Pools
ExSat, described as a “docking layer for scaling Bitcoin,” launched a testnet with top validators and mining pools at Bitcoin 2024. According to the team: “ExSat supports sophisticated smart contracts and business logic applications across various layer-2 solutions; generates a UTXO Index for efficient navigation, facilitating the issuance and trading of assets such as Ordinals and Runes; and offers capabilities for UTXO lending and renting, further expanding its utility and flexibility within the Bitcoin ecosystem.”
Superposition Labs Puts ‘MovePosition’ on Movement Labs Testnet
Superposition Labs announced the launch of MovePosition on the Movement Labs public testnet. The project is a “pioneering DeFi platform incubated by Superposition Labs, which addresses the critical challenges in DeFi with its novel approach to risk management, leveraging Concordia’s adaptive risk model. The platform introduces an adaptive risk management layer that significantly enhances the stability and reliability of DeFi operations. By addressing the limitations of static risk models, MovePosition aims to mitigate systemic risks, prevent economic losses, and foster innovation within the DeFi ecosystem.”
Lava Network Adds Filecoin, Starknet Foundation, Cosmos Hub to Launch of Phased Public Mainnet
Lava Network, a modular network enabling users and developers to interact with any blockchain and rollup, launched its mainnet with Filecoin Network, Starknet Foundation and Cosmos Hub. According to the team: “Ecosystems use Lava to create incentive pools to attract high-quality infrastructure providers, rewarded for providing reliable service for users. Google Cloud, for example, was already operating as a provider on Lava testnet, running nine nodes handling millions of Ethereum requests.”
Blackbird, Web3 Startup From Resy Co-Founder, Wants Diners to Pay for Meals in Crypto
Blackbird Labs, the restaurant loyalty platform founded by Resy and Eater co-founder Ben Leventhal, announced the launch of Blackbird Pay, a system that will allow participating restaurants to accept payment in cryptocurrency. The new payments platform expands on Blackbird’s mission by allowing consumers to pay for their meals using the $FLY cryptocurrency. The tokens can be earned as loyalty points for dining at participating restaurants or purchased in the Blackbird app using Coinbase’s popular USDC stablecoin.
Optimism Hackathon ‘Superhack’ to Take Place Virtually on Aug. 2-16
Optimism’s marquee hackathon event of the year, Superhack, is taking place Aug. 2-16, 2024. According to the team: “Happening virtually as part of ETHGlobal’s hackathon series, Superhack invites developers to compete for over $200,000 in prizes for building on the Superchain, a network of chains built on the OP Stack and contributing revenue back to the Optimism Collective. Applications to participate are open through July 31, 2024.”
Protocol Village is a regular feature of The Protocol, our weekly newsletter exploring the tech behind crypto, one block at a time. Sign up here to get it in your inbox every Wednesday. Project teams can submit updates here. For previous versions of Protocol Village, please go here.
Developers of Theoriq, ‘AI Agent Base Layer,’ Publish Whitepaper
The developers of Theoriq, described as an “AI agent base layer,” published its official project whitepaper, introducing the key aspects of its network and outlining its benefits for the development of advanced AI agent collectives. According to the team: “Using a decentralized model, Theoriq will leverage smart contracts to ensure transparency and accountability while also maintaining flexibility to ensure its network will continue to adapt as AI continues to advance in complexity. Ultimately, Theoriq aims to create a meritocracy for AI agents that is completely permissionless thanks to the power of the blockchain.”
Dash Launches ‘Evolution’ Upgrade With New Sidechain, Data-Contract Platform
Dash, a payments-focused cryptocurrency project, is launching the Evolution upgrade on July 29, described as “its most major upgrade” to date. According to the team: “Evolution is a new sidechain and data contract platform to enable indexed decentralized storage and decentralized applications. The first two of these, Dash Platform Name Service and DashPay, deliver a decentralized Venmo-style payment experience of usernames and contact lists. Looking forward, Dash aims to implement IBC compatibility, as well smart contracts to enable advanced privacy for tokens data and payments.” According to a blog post: “The Platform Chain is a sidechain that, as mentioned above, is run by EvoNodes, which also secure the legacy Dash chain. It uses the account-based model (single addresses have balances), as opposed to the UTXO model (multiple addresses hold coins, or UTXOs) of the Core chain. It uses a heavily-modified derivative of Tendermint (Cosmos) consensus called Tenderdash. The main differences between Tenderdash and Tendermint are that Dash’s version has same-block execution, meaning you don’t have to wait for the next block after writing new data in order to query it.”
European Gymnastics Launches ‘Luigi,’ an Decentralized AI-Powered to Provide Competition, Scheduling Info
European Gymnastics, representing 50 national member federations and over 8.5 million gymnasts, announces the launch of its new AI-powered digital assistant, Luigi, providing decentralized AI and blockchain solutions to the Summer Olympics. According to the team: “Developed with OriginTrail, Luigi’s AI twin helps users find competition info, historical events, scoring elements, navigate schedules, and track results. The Luigi AI assistant provides sourced information, powered by OriginTrail’s Decentralized Knowledge Graph, ensuring that users can delve deeper into the summer games while maintaining data integrity.”
Kuru, Building CLOB on Monad, Raises $2M, Led by Electric Capital
Kuru, building the first fully on-chain central limit order book (CLOB) on Monad, raised $2 million in a seed round led by investors like Electric Capital, Brevan Howard Digital, CMS Holdings and notable angels like Nomad Labs co-founder Keone Hon, Eugene Chen and Jarry Xiao. From the…
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