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Akash Network(AKT)

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0.00001958 BTC
Market Cap (Rank#296)
2,229 BTC
Vol 24h
29.4817 BTC
Circulating Supply
Max Supply
3 days ago cryptodaily
The Only NFT Generator of its kind - ChainGPT’s AI Prototype
Provider of AI infrastructure to the crypto, blockchain, and Web3 industry, ChainGPT has just announced the successful rollout of its NFT Generator prototype to the general public.Try the ChainGPT AI NFT Generator: | Learn more: Connected to the Binance Smart Chain, the ChainGPT generator is an AI-powered visual synthesizer that transforms text prompts into breath-taking images and NFT collections. From unique 1-of-1 memorabilia to an assemblage of 10,000 pieces, users are now just 30 seconds away from deploying their imaginations on-chain. Entrepreneurs of from all walks of life are looking to integrate NFTs into their project supply chains to strengthen the relationships with their communities and expand their product suites. However, creating NFT collections manually has been extremely costly in time, effort, and money. ChainGPT is lowering the barriers to entry by compressing costs by order of magnitude, streamlining the creative process, and packaging everything into a comprehensive user interface, the AI-powered generator is fulfilling the promise of equalizing the playing field and inviting a new caliber of market participants into the world of Web3. Whether a verbal artist, computer engineer, or somebody without any technical background, the ChainGPT AI Generator will deliver the highest quality results. Ilan Rakhmanov, CEO of ChainGPT said: "At ChainGPT, our main focus is to solve real web3 problems by utilizing AI. Making simple tasks like generating NFT collections, affordable, and well... simple.” Creating on-chain NFT collections was never easier. Try it yourself: Leveraging all leading technological breakthroughs in the fields of machine learning, NLP, and transformer architecture in its design, the ChainGPT AI NFT generator has been purpose-built to realize the most abstract ideas and turn arbitrary concepts into tangible, visual, on-chain products. On a mission to get AI technology into the hands of the masses and on-board them into Web3, ChainGPT is changing the game and differentiating its NFT generator from any other by working on architectural solution to move the entire computational process on-chain as well. By bringing the entire creative cycle on-chain, a higher degree of quality assurance can be enabled and counterfeit activity deterred with fully traceable object provenance. About ChainGPT ChainGPT is the provider of AI-powered infrastructure for the crypto, blockchain, and Web3 industry. From automated smart contract generation and auditing, to autonomous community management, advanced Web3 AI chatbot, AI-powered news aggregation, and NFT generation, ChainGPT is the most sophisticated, end-to-end AI solution on the market. —> To learn more about ChainGPT visit the official website Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
3 days ago cryptodaily
Superman Released as Web3 Movie Experience
Iconic DC Super Hero Film, Superman, is being released as a multimedia living movie experience from Warner Bros. Home Entertainment and Eluvio. The experience Includes 4K UHD Feature Film and Special Features, Interactive Themed Navigation, Explorable Image Galleries, Discoverable Digital Easter Eggs, and more. Warner Bros. Home Entertainment, in partnership with content blockchain pioneerEluvio, announced the next instalment of the WB Movieverse with the iconic DC Super Hero filmSupermanWeb3 Movie Experience. The film is available for preview athttps://web3.wb.comand opens for purchase on June 9, 2023. The release ofthe SupermanWeb3 Movie Experience follows the 2022 first-of-its-kind Web3 entertainment offering‘The Lord of the Rings: The Fellowship of the Ring(Extended Edition)’ Web3 Movie Experience. The SupermanWeb3 Movie Experience is a multimedia non-fungible token (NFT) for fans to own and to engage with the 1978 Richard Donner film in a new and exciting way. Through dynamic menu options based on iconic locations from the film, owners can watch the movie in 4K UHD on a desktop, mobile, tablet or TV device. Viewers can access special features, view image galleries and artist renderings by notable DC artists, discover digital easter eggs, and sell the experience in a community marketplace. TheSupermanWeb3 Movie Experience will be offered instandard and premium editions. Standard Edition $30 for one week from 8:00 AM ET on June 9 to 7:59 AM ET on June 16 Includes an interactive location-based navigation menu,Superman: The MovieTheatrical Version, previously released special features and an image gallery featuring stills and behind-the-scenes galleries. Premium Edition $100 for 24 hours from 8:00 AM ET on June 9 to 7:59 AM ET on June 10 Includes three different variations separately available for purchase: Truth, Justice, and Hope. Each variation features an illustration of Christopher Reeves’ Superman from one of three DC artists - Ivan Reiss, Ben Oliver, or Bill Sienkiewicz. Each variation includes an interactive and explorable location-based navigation menu and three versions of the feature film –Superman: The MovieTheatrical Version;Superman: The MovieExpanded Director’s Cut, andSuperman: The MovieExtended TV Edition Additionally, each is debuted with previously-released special features, image galleries featuring costume and detail images from the Warner Bros. archive, and stills and behind-the-scenes galleries. The Superman Web3 Movie Experience will include a free voucher code for aDC3Super Power Pack: Series Supermanfrom theDC NFT Marketplace, offering three randomly selectedSupermancomics with rarities ranging from Common to Legendary. These packs are time-gated, open-edition drops, limited to one per account. New themed packs will launch every few weeks, so stay tuned for updates. Early access to all editions of theSupermanWeb3 Movie Experience will be available to DC Bat Cowl NFT holders at 8:00 AM ET on June 8, to DC3 holders at 11:00 AM ET on June 8, and toThe Lord of the RingsWeb3 Movie Experience holders at 2:00 PM ET on June 8. Michelle Munson, CEO and co-founder of Eluvio said: “For fans of this beloved and iconic film,Superman: The Movieis being released as an exclusive Web3 film and immersive digital collectable for the first time. As part of the WB Movieverse, consumers can easily watch, collect, and sell their film Web3 Movie Experiences on the blockchain in the Movieverse marketplace. For Warner Bros., and the broader industry, Eluvio is honored to back this novel digital sell-through experience for 4K films and premium video assets – all streamed from and backed by secure blockchain access and ownership on the Eluvio Content Fabric.” TheSupermanWeb3 Movie Experience will be available to the public on June 9, exclusively at, and can be purchased by credit card or cryptocurrency. To participate in this novel experience, fans can create a secure, easy-to-use media wallet that acts as a digital vault and enables consumers to stream and purchase content via credit cards or crypto wallets. Superman Web3 Movie Experience Powered by Eluvio Eluvio, a pioneer of Web3 innovation throughout the media and entertainment industry, powers the SupermanWeb3 Movie Experience. The Eluvio Content Blockchain provides a high-performance, simple-to-use, cost-effective Web3 platform built for content. It enables Web3 native media experiences, allowing publishers and fans to directly enjoy and monetizeshows, films, concerts, digital albums, digital collectables, interactive and metaverse experiences, and more. Content creators, and their communities, benefit from a significantly more carbon-efficient and high-performance alternative to traditional platforms for content streaming, distribution, and storage, including 4K streaming, ticketing, NFT minting, and trading of premium content. Notably, in this experience, the core digital assets and derivative NFTs are all on the blockchain, not just the token (NFT) itself. Warner Bros. Discovery Home Entertainment and fans enjoy blockchain-backed access control and content rights enforcement, scalable attestation of ownership, smart contracts that enable distributed royalties, and content experiences that can evolve. Eluvio’s Content Blockchain also provides a breakthrough in carbon-footprint efficiency in managing media, using blockchain technology, and on-chain content ownership. Through a novel compositional and just-in-time protocol, the Eluvio Content Blockchain does not make digital file copies. It significantly reduces network storage and usage requirements compared to traditional streaming and content distribution systems. It uses an eco-friendly “proof-of-authority” consensus, which avoids the high energy consumption used in computational “proof-of-work” blockchains. About Warner Bros. Home Entertainment Warner Bros. Home Entertainment (WBHE) distributes award-winning movies, television, animation, and digital content produced by Warner Bros. Discovery to the homes and screens of millions through physical Blu-ray Disc™ and DVD retail sales and digital transactions on major streaming sites, video-on-demand cable, satellite, digital, and mobile channels. WBHE is part of Warner Bros. Discovery Content Sales,one of the world’s largest distributors of entertainment programming. About Eluvio, Inc. Eluvio( is the content blockchain for the creator economy. The Eluvio Content Fabric is a utility blockchain network for owner-controlled storage, distribution, and monetization of large-scale digital content. It provides live and file-based content publishing, transcoding, packaging, sequencing, dynamic and static distribution, and derivative NFTs minting for all content experiences. Examples of companies and creators whose content blockchain initiatives have been powered by Eluvio include FOX Entertainment, Globo, MGM Studios, Microsoft, SONY Pictures, Telstra, Warner Bros. Home Entertainment, WWE, The Masked Singer,Dolly Parton, Black Eyed Peas,Rita Ora, independent filmmakers, and many others. Eluvio is led by Emmy Award-winning technologistsMichelle MunsonandSerban Simu, founders and inventors of Aspera, a pioneer in digital video transport technology, and a core team of innovators. Based inBerkeley, California, Eluvio has received numerous industry awards, including the prestigious Engineering Excellence Award by the Hollywood Professional Association and has been recognized with 11 US patents. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
4 days ago cryptodaily
CoinMarketCap Web3 Conference "Catalyst" Early-Bird Registration Now Open
London, United Kingdom, June 6th, 2023, ChainwireCoinMarketCap’s flagship Web3 conference "Catalyst" has opened early-bird registration. The conference will take place at the (Lisbon Congress Centre, Portugal), on February 21st ~ 22nd, 2024. Catalyst will bring together the world's brightest minds in technology, art, philosophy, and finance to reimagine the future of Web3.The Conference, originally scheduled for October 2023, has been changed to February 2024. This decision was made following careful consideration by the event organizers. With an already congested European conference calendar in Q4 2023, CoinMarketCap’s Catalyst conference will provide more value to attendees, speakers and the industry at large with its new date.Tickets are limited for this exclusive gathering and will be available on a first-come, first-served basis through the Catalyst website. Payment for the tickets can be made with fiat.With the European crypto scene thriving, Lisbon serves as the perfect backdrop for this groundbreaking event. The Catalyst conference will provide a platform for innovative discussions and collaborations that will shape the industry's future. This is the ideal opportunity for professionals and enthusiasts to come together, exchange ideas, and drive the next big breakthrough in the crypto world.Rush Luton, CEO of CoinMarketCap, said that Catalyst would bring together experts “to collaborate and learn about upcoming trends, challenges, and opportunities.” In alignment with the conference’s title, Luton stated that “Catalyst is designed to spark new ideas and initiatives.”Conference attendees can expect a high-caliber event featuring some of the most prominent figures in the crypto and blockchain space. Tickets are available on the official Catalyst website. Attendees can follow upcoming announcements on CoinMarketCap’s newsletter and social channels.Conference Website: CoinMarketCap: CoinMarketCap is the world's most-referenced price-tracking website for crypto assets in the rapidly growing cryptocurrency space. Its mission is to make crypto discoverable and efficient globally by empowering retail users with unbiased, high quality and accurate information for drawing their own informed conclusions.ContactEvents [email protected]
4 days ago cryptodaily
ThunderCore and SushiSwap joined forces for a sustainable DeFi ecosystem
ThunderCore, the leading layer-1 blockchain, and SushiSwap, a pioneer in multi-chain decentralized finance, are excited to announce their partnership aimed at establishing an innovative and sustainable DeFi ecosystem. The collaboration between these two industry leaders brings together ThunderCore's rapid growth and expertise in web3 games and SushiSwap's entrepreneurial spirit, this collaboration creates a powerful synergy to drive the future of decentralized finance. With a shared vision and aligned goals, SushiSwap and ThunderCore are poised to revolutionize the DeFi landscape. Together, they have developed a cutting-edge fee-boosting model that enhances Annual Percentage Rates (APRs), allowing liquidity providers (LPs) to maximize their earnings within the ThunderCore ecosystem. This breakthrough mechanism ensures a sustainable circulation of liquidity, benefitting both ThunderCore and SushiSwap ecosystems. Meanwhile, ThunderCore is proud to pioneer the launch of V3 farming in SushiSwap, cementing its position as one of the first chains to implement this groundbreaking feature. Leveraging ThunderCore's low gas fees, the platform is set to attract a diverse range of users eager to participate in liquidity provision. This strategic collaboration between ThunderCore and SushiSwap signifies a paradigm shift in the DeFi landscape, ushering in a new era of collaboration, scalability, and user-centric approaches. This partnership will bring a suite of innovative Sushi products to ThunderCore, including: ● Sushi v3 AMM: Sushi’s framework for spinning up and interacting with pools of different types with varying fee tiers as well. ● SushiXSwap: Sushi's cross-chain swap tool for quick, trustless swaps between supported chains. ● Onsen: Onsen farms are Sushi’s “double reward” farms that are for either new projects seeking liquidity or for established projects that Sushi is working with closely; these pools payout in two assets instead of one. ● Furo: Sushi’s token-streaming platform built upon BentoBox, which allows for token streaming of any compatible asset to any wallet over any timeframe, along with options to create token vestings and cliffs as well. The Partnership aims to a sustainable DeFi ecosystem ThunderCore and SushiSwap share the belief that a novel business model is essential for promoting sustainable growth and driving ongoing innovation in the blockchain and DeFi ecosystem. Consequently, alongside the deployment of the aforementioned products, it can be predicted that both ThunderCore and SushiSwap are actively working on the development of an innovative revenue-sharing mechanism that aims to disrupt the DeFi space. Here's a breakdown of how our forthcoming revenue-sharing mechanism will operate: ● ThunderCore and Sushi will use a percentage of fees generated by activity conducted on ThunderCore via SushiSwap. ● Both parties will allocate and distribute these $TT and $SUSHI as rewards to LPs, thereby boosting APRs for everyone. ● ThunderCore will also buy back $TT and incentivize the community for a sustainable ecosystem. Roger Hsu, CEO of ThunderCore, acknowledges the stifling deadlock in the DeFi market and expresses the intention to create inspiration and break free from this state. The partnership with SushiSwap plays a vital role in achieving this goal, as they work towards establishing a sustainable DeFi ecosystem with improved reward mechanics. “We are excited to launch on the ThunderCore chain and join the ThunderCore ecosystem to help ThunderCore further cement its ranking as a top 5 blockchain in terms of DAUs.” said Head Chef Jared Grey. About ThunderCore ThunderCore is a fast and secure EVM-Compatible layer-1 blockchain founded in Silicon Valley in 2017 to provide a robust infrastructure for DApps and the broader DeFi ecosystem. Its high-performance blockchain offers a breakthrough consensus protocol PaLa, 4,000+ TPS, sub-second confirmation times, and low gas fees. With over 8 million addresses, 680 million transactions, and 133 million block height on its network, ThunderCore is dedicated to bringing blockchain technology to broad adoption. About SushiSwap SushiSwap is a leading decentralized exchange, offering a wide range of DeFi products and services. We’re committed to driving innovation and supporting a diverse ecosystem of blockchain projects. Our community-driven organization aims to solve liquidity issues for the DeFi space, by leveraging network effects and connecting many decentralized markets and instruments. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
4 days ago cryptodaily
Walbi AI-Powered Platform to Launch MVP, Enhance Decision-Making for Crypto Traders
Whether it's crypto, stocks, or forex, the cold hard truth is that most traders lose. An analysis of eToro trades revealed that nearly 80% of the platform's active users were unprofitable over the course of a year, with a 36.3% median loss. Another study found that 97% of futures traders in Brazil lost money over 300 days. Only 5% of Taiwanese day traders were profitable between 1992 and 2006. When the stakes are high, human error becomes costly. This is the case with trading, where trader decisions are often tainted with split-second decisions, panic-based actions, and a sunk cost fallacy mentality. This is likely why the stock market is increasingly run by machines and algorithms. Artificial intelligence has proved capable of tackling this challenge, and one company called Walbi has already designed an AI solution to assist crypto traders. Tapping Into the Power of AI Recent breakthroughs in generative AI have created tremendous hype around artificial intelligence tools. The technology has proven effective in tasks thought to be impossible for an algorithm, like content creation and art generation. Now, AI technology is increasingly prolific in the financial industry. While robo-advisor AUM is expected to reach $2.02 trillion by 2027, startups are leveraging AI to enhance crypto trader performance. AI offers the advantage of processing data much faster than a human. Where a human has to spend hours or days understanding trends and making decisions based on them, an AI can recognize patterns in seconds and offer advice to the trader. It can analyze the market in real-time and catch sudden shifts, fraud, and malicious activity, and even make low-level trading decisions. This allows traders with AI assistance to make quick and confident trading decisions, which in the trading world is incredibly important. Walbi is currently building a crypto trading platform that offers all these benefits, and the project is expected to achieve a significant milestone with the launch of its minimum viable product (MVP) in June 2023. Walbi's AI-Driven Crypto Trading Solution Walbi is a next-gen hybrid decentralized finance (DeFi) platform consisting of a crypto exchange, non-custodial Web3 wallet, and AI tool suite to supercharge trader decision-making. The project has multiple flagship solutions that aim to fulfill Walbi’s mission to make the blockchain industry simpler and more intuitive for everyone. The first one is the Walbi Exchange, a crypto exchange offering up to 500 times more leverage for futures traders without a mandatory KYC. Besides managing liquidity, Walbi's AI tools optimize the order book by predicting demand for digital assets and automatically detecting wash trading, spoofing, and other malicious activity. Besides Walbi Exchange, the project will offer: Walbi Lighthouse: An AI-based trading assistant that does research on behalf of traders and assists them with real-time financial data analysis and personalized trading advice. Lighthouse helps traders make more confident and well-informed decisions while minimizing the risks of human error Walbi Earn: Allows users to stake their crypto assets on Walbi to earn interest without any locking periods and with weekly payouts Walbi Cloud Miner: A cloud mining solution enabling users to mine BTC without purchasing or operating expensive equipment Walbi Wallet: A decentralized, non-custodial Web3 wallet offering users full control over their funds Walbi's Upcoming MVP Launch Walbi is currently in closed alpha but will soon launch its MVP. This release will expand the project's ecosystem with several features and functions, including: WalletConnect integration digital asset deposits and withdrawals margin trading AI-driven trading insights via Walbi Lighthouse the Walbi Waves invite system Besides the features listed above, Walbi's roadmap includes numerous future feature releases. During Q3-Q4 2023, the platform plans to launch WalletConnect integration and margin trading, NFTs, Walbi Lighthouse, and token swaps. Walbi Waves and Cloud Mining, Walbi Exchange, Walbi Earn and portfolio tools, and Walbi Wallet will become accessible to platform users throughout 2024. Crypto Trading, Supercharged Artificial intelligence models are poised to be an unprecedented improvement to trader performance which has long struggled with unprofitable strategies and approaches. Walbi is arriving soon and will be one of the first to leverage the power of AI to make trading faster, easier, and safer. With the assistance of AI tools, the project enables crypto traders to make data-driven decisions, potentially increasing their long-term profitability. Want to learn more about Walbi? Check out the project's blog and subscribe to its Telegram and Twitter channels. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
5 days ago cryptodaily
Spheroid Universe Coin to be Listed on MEXC Exchange
Dubai, United Arab Emirates, June 5th, 2023, ChainwireSpheroid Universe, a futuristic Metaverse that augments the real world in every part of the Earth, is announcing that their token, SPH, will officially be listed on MEXC today, on June 5th.Founded in 2018, MEXC (also known as MEXC Global) is a rapidly-growing cryptocurrency exchange with more than 6 million users in over 200 countries, including the USA, UAE, Canada and Australia. MEXC is regularly featured as one the top exchanges globally for trading volume. The exchange offers one of the widest ranges of cryptocurrencies with over 1,500+ coins listed on the platform. It brings a wealth of experience listing top-performing tokens, with a reach that only a handful of exchanges in Crypto have, helping Spheroid Universe go global.The move follows the company’s recent launch of ChatGPT-powered artificial intelligence (AI) Avatars that will inhabit the world around us via augmented reality (AR). This ground-breaking development will deliver breakthrough opportunities across numerous business platforms - from e-commerce and retail to advertising, sales, general customer, and consumer interactions and more.Commenting on the announcement, Andrey Almiashev, CEO, of Spheroid Universe said: “Launching our token on MEXC will place SPH firmly on its trajectory towards growth as well as will bring the bandwidth that aligns with our aspirations for Spheroid Universe - putting Spheroid Universe as a leader in the metaverse projects, and the entire Extended and Augmented Reality industry.”Spheroid Universe aims to be the battle-tested AR/XR platform across the entire landscape of web3, XR/VR and metaverse industries, ultimately helping to define the internet experience of the future.Brands and organizations that are looking to create an immersive digital experience will make Spheroid Universe the place where they can truly demonstrate innovative experiences.About SpheroidSpheroid Universe (Spheroid), an Extended Reality Metaverse company. It’s a platform for developing Extended Reality projects. The technological basis of the platform is the Spheroid XR Cloud and the Spheroid Script programming language designed for AR/XR creation.SPH is the native token of the Spheroid ecosystem that fuels the activities of the platform. It can be exchanged for Spaces (virtual lands of the Spheroid Universe), used for advertising in AR/XR, placing content, and for various platform services. Among the products powered by SPH there is Spheroid Earth – an open global project for creating Earth 3D Digital Twin.For further details, please visit Spheroid Universe's Official website or follow them on Twitter and InstagramContactHead of PRYousef BatterWhite Label [email protected]+971559356531
9 days ago cryptodaily
Mass media outlet compares crypto unfavourably with AI
Crypto bashing in the mainstream media continues unabated as Reuters writer bigs up AI at the expense of the crypto sector. A mainstream media narrative Mainstream media generally appears to back the narrative that crypto has no intrinsic value, and that it will go to zero much sooner than later. This is the narrative put out by governments, bank leaders, and global traditional financial agencies. Everyone has their view of crypto, and both sides of the argument have prominent economists and financial experts with widely differing opinions. However, what is not in doubt is that the large mainstream media outlets are gunning for crypto, often with little fundamental sense behind their articles. For example, an article published today by a Reuters columnist expounds the view that the current “AI craze” leaves crypto for dead, and states how AI is gathering momentum while crypto is gathering dust. No one can deny that artificial intelligence (AI) is arguably the biggest technological breakthrough that the human race has ever seen. The potential for this technology is as breathtaking as it is alarming. Crypto and AI complement each other However, comparing it with crypto is quite ridiculous. It’s like comparing apples and oranges. Both have their place, and the two of them complement each other, as can be seen with crypto projects such as Render, Ocean, SingularityNET, and others that are harnessing the power of AI. Crypto is either extremely misunderstood, or there are malicious actors involved in trying to drive this anti-crypto narrative out to the masses. Of course, in calling a spade a spade, the vast majority of cryptocurrencies will probably eventually fail and go to zero, but some of these projects are revolutionary, and this space is coming up with financial innovations such as DeFi, NFTs, payments, and many other uses that can change our world for the better. Bitcoin is an exit from debasing fiat currencies Bitcoin is the preeminent cryptocurrency, and it serves as a hard money exit out of the failing fiat-based monetary system. Artificial intelligence with properly defined boundaries can complement this people’s money and be used to make life easier for all. Just throwing mud at a technology is never a good idea. Balanced arguments are always needed. Crypto is a technology that seems to threaten governments, banks, and central planners in general. Being able to have total control has become the raison d’être of governments instead of being a servant of the people. Crypto challenges this misuse of power, and it is to be hoped that AI will not be used to strengthen governmental oppression of freedoms. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
9 days ago nulltx
2023 Crypto Goldmine: TMS Network (TMSN) Surges, While Axie Infinity (AXS) and Filecoin (FIL) Slowly Start to Deliver Returns
For years, the realm of cryptocurrency has been a wild ride, captivating countless investors and enthusiasts seeking the next breakthrough. In the year 2023, the crypto scene is abuzz with three prominent contenders: TMS Network (TMSN), Axie Infinity (AXS), and Filecoin (FIL). These digital currencies hold immense promise, enticing investors with the allure of substantial […]
10 days ago cryptopotato
Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing
[PRESS RELEASE – London, United Kingdom, May 31st, 2023] Marking a seismic shift in the digital asset landscape, DeFi platform Bumper today unveiled the findings of their comprehensive simulation, exhibiting new pricing efficiencies over traditional options desks ahead of the protocol launch in August 2023. This report delineates a milestone in financial technology, showcasing an […]
10 days ago cryptodaily
Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing
London, United Kingdom, May 31st, 2023, ChainwireMarking a seismic shift in the digital asset landscape, DeFi platform Bumper today unveiled the findings of their comprehensive simulation, exhibiting new pricing efficiencies over traditional options desks ahead of the protocol launch in August 2023.This report delineates a milestone in financial technology, showcasing an altogether new financial instrument that consistently outperforms existing options desks in generating both competitive premia and sustainable yields, backtested against genuine, multi-year historical cryptocurrency market data and options prices.The report is the culmination of a two-year exercise in Research and Development powered by a $20m investment and derived in collaboration with CADLabs and the Swiss Centre for Cryptoeconomics.Key highlights from the simulation report:On average, Bumper Takers paid 9.3% cheaper premia than buyers of traditional put options.During the 2022 bear market, Bumper’s simulation showed a yield improvement of 46.2% for Makers compared to options pricing, without resorting to token incentives.The protocol remained solvent throughout the simulated conditions.Despite having different inputs and methodology, Bumper’s results reveal a remarkable correlation with the Nobel Prize-winning Black-Scholes model.These results have been pivotal in understanding and honing the resilience of the Bumper protocol across diverse market conditions.On the release of the report, Bumper CEO Jonathan DeCarteret expressed, "By challenging and potentially reshaping the accepted norms of options pricing, Bumper stands to revolutionise not just the crypto options market, but also has the potential to penetrate traditional finance and disrupt the colossal $13T derivatives market in the future."The report underscores the anticipated outcomes of Bumper's dynamic pricing, based on forward volatility rather than the usual implied volatility.The findings of the simulation report positions Bumper as an immensely appealing prospect for institutions and fund managers, in addition to retail crypto investors.The economic simulation report released today marks the most significant validation of Bumper's innovative approach to date, and signals what could be one of the most substantial challenges to the Black-Scholes derived pricing in half a century.Read Bumper’s simulation report here and for more information on the protocol visit BumperBumper is a DeFi risk market that provides protection from downside volatility in the price of crypto assets. Users buying protection (Takers) set a price at which they wish to protect their crypto should the price fall, but they don’t lose out if the market heads upwards. Conversely, other users (Makers) earn a yield by providing stablecoin liquidity to the protocol.Learn more about BumperWebsite | Twitter | Discord | YoutubeContactCMOJason [email protected]
10 days ago cryptodaily
Web3 payments and infrastructure provider Transac raises $20 million
Transac raises $20 million for its traditional finance to crypto payments business. A highly popular Series A A highly popular Series A funding round was partaken in by prominent VC firms and angel investors from across the board. According to TechFundingNews, the round was led by Chinese venture capital firm CE Innovation Capital, and other investors were SBI Ven Capital, Sygnum, Azimut, Third Kind Venture Capital, UOB Venture Management, Signum Capital, Animoca Brands, Genting Ventures, Istari Ventures, No Limit Holdings, Woodstock Fund, IOSG Ventures, KX, Axelar, Tokentus, and The Lao. Sandeep Naiwal of Polygon, Jan Hammer of Index Ventures, and Charles Delingpole of ComplyAdvantage were among the individual angel investors who also took part in the round. Bingze Gu, Partner at CE Innovation Capital, the lead investor in Transak’s Series A said of his company’s investment into Transac: At CEiC, we’re strategically invested in propelling the Web3 ecosystem forward. Transak stands at the forefront of this revolution, wielding their On & Off Ramp solution as a potent instrument to usher in the next billion Web3 users. Their recent initiatives, such as Transak One and the NFT checkout offerings, are not just lowering the barriers to entry into Web3 – they’re redefining them,” Bridging the gap between traditional and crypto finance Transak bridges the gap between traditional finance and the decentralised world of cryptocurrencies. By eliminating complex technical processes, it offers a simplified and intuitive solution for individuals and businesses to engage with digital assets. This breakthrough enables users to transact directly from their bank accounts, making the onboarding process remarkably convenient for newcomers to the world of cryptocurrencies. One of the core features that sets Transak apart is its dedication to user experience. Recognizing the importance of simplicity and accessibility, the platform enables users to purchase cryptocurrencies using their preferred fiat currency. This ease of use empowers individuals to effortlessly enter the exciting realm of digital currencies without requiring any prior technical knowledge. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
14 days ago cryptodaily
InQubeta Set To Revolutionize Investment For AI Start-ups
Artificial intelligence (AI) start-ups emerge as the catalysts of change in the fast-growing world of technology. Where innovation is leading the global economy, artificial intelligence (AI) startups emerge as the catalysts of change. However, the path to success for these budding enterprises is often challenging, particularly when securing the necessary funding to fuel their growth. Recognizing this critical need, a groundbreaking initiative called InQubeta (QUBE) has arrived on the scene, poised to revolutionize investment for AI start-ups and redefine the landscape of technological advancement. As a DeFi crypto, InQubeta proposes unique value with a cutting-edge investment strategy to bridge the gap between visionary AI start-ups and eager investors seeking the next big breakthrough. While experts have estimated the global Al market size to hit $1,6 billion by 2030, many savvy investors are already joining the QUBE presale as they consider the coin the best crypto to invest in. Let's discover how InQubeta seeks to revolutionize investment for Al startups. InQubeta (QUBE) Can Become The Major Catalyst For The Emerging AI Start-ups Growth InQubeta is a new crypto project with much attention from investors and AI startups. While built on the ERC20 Ethereum blockchain, the InQubeta platform allows investors to gain unprecedented access to diverse AI startups, each presenting an opportunity to be at the forefront of technological disruption. QUBE is the world's first cryptocurrency that seeks to revolutionize investment for Al start-ups. As such, the platform uses the concept of Non-Fungible Tokens (NFTs) to link investors and Al startups through the NFT marketplace. While investors search through the NFT marketplace for the best NFTs to buy, startups can create and list NFTs representing various rewards and or equity in their company. The NFTs create mutual benefits to help startups raise funds and offer a unique and lucrative opportunity for investors simultaneously. With its fractional investment opportunity, InQubeta could be the best crypto to invest in 2023 as it allows investors to own a share of any AI startup within the ecosystem. Investors can purchase the NFTs they choose with the ERC20 QUBE token, the in-house currency. This is to ensure seamless, secure, and transparent transactions in the InQubeta ecosystem. With the opportunities and growth trajectory of AI technology, InQubeta could be the best crypto for beginners and experts who want to invest in the future of AI start-ups. Visit InQubeta Presale InQubeta (QUBE) Thrilled Investors With Exceptional Opportunities Aside from its innovative investment strategy, InQubeta also allows investors to earn residual income. By joining the InQubeta staking pool, investors can leverage DeFi crypto to generate a sustainable income flow. 5% of the buy and sell tax generated from transactions is sent to the reward pool to form a reward for investors in the staking pool. With the adoption of deflationary traits, QUBE is seen among investors as a promising crypto investment. This is tied to the reason that the platform pushes 2% of the buy and sell tax to the burn wallet to create a scarcity of QUBE tokens with the hope of increasing its value over time. With the ERC20 QUBE token, InQubeta allows for an inclusive governance system that supports an efficient, transparent, decentralized authority in the InQubeta ecosystem. With this, QUBE can be seen as the best crypto for beginners and experienced investors alike, as every token holder can contribute their voice to the platform's growth. Final Thoughts As the world witnesses the rapid advancement of AI technology, InQubeta stands poised to make a profound impact. By revolutionizing the investment landscape for AI start-ups, QUBE offers a gateway to a future where disruptive ideas become transformative realities. Of course, with the estimation of a $1.6 billion AI market size, QUBE stands as a crypto that can generate massive revenue for investors. While currently on its presale, investors can purchase QUBE tokens at an affordable rate and gain access to the NFT marketplace to browse for the best NTFS to buy. While InQubeta catalyzes AI start-ups' growth, join investors now to make the change. Join InQubeta Communities Keywords: InQubeta, QUBE, DeFi crypto, best crypto to invest in, ERC20, best NFTs, credible crypto, best crypto for beginners Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
18 days ago nulltx
Axie Infinity Price Analysis & Prediction (May 23rd) –AXS Faces Rejection After Meeting a Crucial Resistance, Can it Breakthrough?
Axie Infinity (AXS) joined other altcoins in the dip as it reached its lowest price last week after a four-month decline. The price remained quiet for some days and witnessed a sudden spike to a key resistance today. It rolled back after facing rejection. Following the existing bearish scenario, which started in January, AXS recently […]
48 days ago cointelegraph
Google DeepMind restructuring aims to deliver next-gen AI breakthroughs
The new unit, Google Deepmind, was formed by merging the Brain team from Google Research and DeepMind, a London-based AI company Google had purchased in 2014.

About Akash Network?

The live price of Akash Network (AKT) today is 0.507845 USD, and with the current circulating supply of Akash Network at 113,861,304.12 AKT, its market capitalization stands at 57,823,939 USD. In the last 24 hours AKT price has moved -0.031807 USD or -0.05% while 294,482 USD worth of AKT has been traded on various exchanges. The current valuation of AKT puts it at #296 in cryptocurrency rankings based on market capitalization.

Learn more about the Akash Network blockchain network and how it works or follow the price of its native cryptocurrency AKT and the broader market with our unique COIN360 cryptocurrency heatmap.

Akash Network Price0.507845 USD
Market Rank#296
Market Cap57,823,939 USD
24h Volume764,675 USD
Circulating Supply113,861,304.12 AKT
Max Supply388,539,008 AKT
Yesterday's Market Cap65,980,777.41 USD
Yesterday's Open / Close0.611291 USD / 0.579484 USD
Yesterday's High / Low0.615354 USD / 0.579484 USD
Yesterday's Change
-0.05% ( 0.031807 USD )
Yesterday's Volume294,482.05 USD
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