Io.net Teams Up to Launch World First Proof-of-AI
io.net and FLock.io are working together to offer PoAI, a consensus mechanism for decentralized AI networks that ensures integrity and scalability. io.net , a decentralized physical infrastructure network (DePIN), has partnered with FLock.io, a decentralized platform for AI training, to launch a new mechanism called “Proof of AI” (PoAI). As per a press release shared with […]
Binance Supports MATIC To POL Token Swap Support
Binance will enable MATIC to POL token swap in September 2024, ending all MATIC trade and converting to POL at a 1:1 ratio. Binance has announced its support for the upcoming token swap of Polygon (MATIC) to Polygon (POL), with plans to implement the changes throughout September 2024. This update is part of the larger […]
OpenSea Faces Wells Notice From US SEC
OpenSea, a non-fungible trading platform, received a Wells Notice from the Gary Gensler-led SEC in another crackdown step. OpenSea, the leading platform for trading Non-Fungible Tokens (NFTs), has just been served a Wells Notice by the U.S. Securities and Exchange Commission (SEC). This marks another instance in a series of actions taken against entities in […]
Lemniscap Raises $70M to Invest in Early Stage Web3 Startups
The new fund will support startups working on blockchain-based solutions, such as zero-knowledge infrastructure and new Bitcoin ecosystems. Venture capital firm Lemniscap has announced the launch of a new fund to support early-stage Web3 startups. As per the announcement on August 28, the fund will have $70 million to invest in various blockchain-based businesses. These include […]
Japan’s Startup Tax Reforms Target Web3 Growth
Japanese minister Takeru Saito seeks to establish an environment that will attract businesses and developers worldwide. Japan aims to enhance its local Web3 industry by introducing tax reforms to support startup growth. On August 28, Japan’s Minister of Economy, Trade and Industry, Takeru Saito, announced at a conference his plans to facilitate the creation of more […]