279 days ago • cryptodaily
Crypto Mining Firm Hive Rebrands, Pivots To AI and Web3 $HIVE
Crypto mining company Hive Blockchain Technologies has unveiled its new brand identity, Hive Digital Technologies, representing a strategic shift towards artificial intelligence (AI).
The Canadian firm aims to leverage its vast Nvidia graphics processing unit (GPU) fleet to tap into burgeoning opportunities in AI and cloud computing.
An Evolved Focus
In a statement issued on July 12, Hive Digital revealed that the updated brand better represents the company's current focus. In the burgeoning era of GPU cloud technology, Hive is poised to expand its Nvidia GPU-oriented revenue channels while also contributing to AI advancements that propel the new Web3 ecosystem.
According to Hive's CEO Aydin Kilic, the company plans to grow its cloud hosting business using its extensive GPU fleet, recognising the growing demand driven by AI and machine learning applications. In addition to crypto mining, Hive will offer rental services of GPU server clusters and introduce a new service, HIVE Cloud. The service targets small and medium-sized businesses, offering them an efficient and cost-effective alternative to major cloud service providers.
From Crypto Mining to AI Cloud Services
Established in 2017, Hive has been a pioneer in the cryptocurrency mining sector. Despite maintaining a strong presence in Bitcoin mining, the company sees tremendous potential in leveraging its 38,000 Nvidia GPU fleet for large-scale computational tasks.
Hive has been using these high-performance GPUs to mine Ether (ETH), the native cryptocurrency of the Ethereum network. However, since Ethereum transitioned to a proof-of-stake consensus mechanism in September 2022, reducing the profitability of mining, the company has been exploring other revenue streams for its GPUs.
Hive's rebranding comes as several mining companies pivot from their original blockchain-focused models. Earlier this year, Riot Blockchain, a Bitcoin mining firm, rebranded to Riot Platforms to reflect its diversified business operations.
Projected Market Impact
In an official press release, Hive's Executive Chairman, Frank Holmes, expressed optimism for the AI sector's potential, highlighting large language models (LLMs) like ChatGPT as a driving factor. According to Holmes, the high-margin business opportunity with their Nvidia GPU cards could generate over $100,000,000 in annual revenues.
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.
279 days ago • cryptodaily
Crypto exchange report shows downward slide for first half of year
The landscape of crypto exchanges was anything but calm, as revealed by TokenInsight's Q2 2023 Crypto Exchange Report.
While Bitcoin, the leading cryptocurrency, kept its cool around the $30,000 mark, the world of crypto exchanges was buzzing like a beehive.
Big four exchanges still dominate
The Q2 2023 Crypto Exchange Report from TokenInsight gives a peek into this hive. The top 10 exchanges saw a trading volume of $8.3 trillion in Q2, which is a 23% slide down the hill from the previous quarter.
Despite this downhill ride, the big four - Binance, OKX, Bybit, and Bitget - held their ground, accounting for a hefty 85% of the total market. Even with a 3% dip in market share, Binance still holds sway with over 50% of the total trading volume.
Binance still commands the market
The report also highlighted shifts in market share. Binance saw a slight decrease in its dominance, but it still held a commanding lead with over half the market share. Meanwhile, exchanges like OKX, Bybit, Bitget, MEXC, and Huobi saw their market shares rise. On the flip side, Upbit and Coinbase saw a slight dip.
Spot trading
In the area of spot trading, the top 10 exchanges had a volume of $1.3 trillion in Q2, which resulted in a 45% decrease from Q1. Binance continued its dominance of the spot market, with a 55.33% market share. Bitget and Bybit made significant strides, increasing their market shares, while Upbit took a hit due to regulatory changes in South Korea.
Derivatives
The derivatives market held up a bit better, with a 14.6% decrease from Q1 and a 50.7% decrease from Q2 2022. Binance kept hold of a large part of the derivatives niche with a 54% market share, followed by OKX with 18%.
Exchange tokens
Lastly, the report gave some insights into the performance of exchange tokens. Bitget's $BGB led the way with a 22.6% price increase in Q2. Bitfinex's $LEO wasn't far behind, with a 15.4% increase. $OKB of OKX also had a good run, with a 7.1% increase.
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.
316 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 athttps://web3.wb.com, 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(https://eluv.io) 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.
324 days ago • cryptodaily
Token That Will Explode in 2023 and Why You Should Watch It
Over the past few years, the creators' market has evolved remarkably, characterized by a consistent pattern. Within the realm of Web 2, many noteworthy projects have emerged, each leaving an indelible mark on the landscape. Among these standout platforms are the illustrious Patreon and Cameo, which have garnered immense popularity and achieved astonishing billion-dollar valuations.
These platforms have revolutionized how creators interact with their audience and play a pivotal role in redefining the perception and value of digital art. Also, they have sparked an unparalleled surge in recognition and appreciation for artistic endeavors within the digital realm.
In the dynamic landscape of web3, where numerous projects have sought to harness the potential of creators, many have encountered difficulties stemming from their exclusive reliance on cryptocurrencies. This singular approach has often proven to be a stumbling block, constraining the growth and reach of these projects and ultimately limiting their audience.
However, amidst this backdrop, there emerges a shining example of a project that has adeptly embraced both the rising creator trend and the transformative power of cryptocurrencies - Paysenger.
Paysenger, with its array of ground-breaking features, provides a compelling chance for creators, experts, and their dedicated audience to forge meaningful connections. Within this innovative platform, creators are afforded a multitude of avenues to monetize their talent and engage with their supporters on a deeper level.
Creators can produce captivating content that resonates with their audience, test the waters of the NFT marketplace by selling unique and coveted posts, participate in paid chats that facilitate direct interaction with their fans, and provide exclusive access to premium subscription-based content. All of these transactions and interactions occur within the ecosystem of Paysenger, fueled by its native token, EGO.
Furthermore, Paysenger distinguishes itself from most SocialFi projects through its ability to seamlessly transition from the web2 era to the transformative landscape of web3. This smooth transition empowers Paysenger to overcome the inherent limitations often encountered by web3 initiatives, setting it apart. The founders of Paysenger are deeply motivated by their overarching mission to facilitate the widespread adoption of blockchain technology and introduce cryptocurrencies to a broader user base.
EGO Token: Seven Convincing Reasons to Invest in It in 2023
Impressive Growth and Influencer Campaign
In August 2023, Paysenger will set off on a large-scale campaign by forming relationships with great business partners in Europe and the United States. Thousands of influential people would be involved. They'd support the platform's goal by telling their loyal fans about the great product and the interesting EGO token.
Extraordinary Quest for Unique Artificial Intelligence
In a world where creativity and technology go hand in hand, Paysenger's creative team sets out on an innovative journey. With the help of Dr. Tamay Aykut, a former Stanford professor, Paysenger forms a unique relationship to develop cutting-edge artificial intelligence. The Paysenger AI enables creators to add their unique style to their work. This AI opens a symphony of ways to make money through a complex web of neural networks, giving creators a stage to share their artistic vision.
Transcendence to Mainnet and the Soaring Token Demand
Stepping out of the world of test tokens, Paysenger reveals its plans to move to the mainnet. As much as this new step would improve the platform, it also signals a rise in the demand for the EGO token. The EGO token enters the limelight as the test token tEGO gently disappears. Notably, the Paysenger community is excitedly waiting for this transition.
Consensus with Leading Cryptocurrency Institutions
Paysenger has also caught the attention of big names in the crypto world. Well-known companies like Polygon and ConsenSys are now actively supporting it. Polygon, a pioneering company known for its scale and ability to work with other systems, is behind Paysenger. This gives Paysenger an air of scientific savvy. This relationship also expands the platform's powers and makes it easier for creators and fans to thrive in a system that works well. In the same way, Paysenger gets support from its partnership with ConsenSys, a leader in blockchain innovation.
Astounding Founder's Backgrounds
As the story of Paysenger develops, the backgrounds of its leaders bring the project to the forefront. One of them is the brilliant owner of Unlimited Group, which is worth a billion dollars and is a respected partner of Visa and Mastercard. This remarkable history gives Paysenger a strong base. It also gives the platform useful knowledge and a wide range of development, which set the stage for the rise of the EGO token.
Exquisite Reinvention of NFTs
Paysenger uses a transforming approach to change the very nature of Non-Fungible Tokens (NFTs). A prize every week is very appealing! The most popular non-fungible token is given the EGO token. This new way of doing things goes beyond just buying something. It turns the ownership and purchase of NFTs into staking.
Expansive User Base Propelling Ascendancy
Paysenger has more than 500,000 users and more than 50,000 respected creators. This busy hive of activity demonstrates that the community is adopting the EGO token well.
It's no doubt that Paysenger has won over the hearts and minds of hundreds of thousands of users. The platform's large user group, including many creators, fans, and innovators, shows its appeal.
In Summary
The upcoming switch to the mainnet will be a big change for Paysenger. It will open up many new options and put the EGO token in the spotlight. Investors are excited about this big technological step because it promises better functionality and a better sense of security.
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.