Taiko Proves That Based Rollups Can Be Profitable In Just 90 Days Post-Mainnet Launch 83

In a groundbreaking achievement, Taiko, the world’s first truly decentralized based Ethereum Layer 2 (ETH L2) solution, has crossed a significant milestone just 90 days after its mainnet launch. Not only has Taiko proven the viability of its unique scaling path, it has also shown that based rollups can be profitable. This is a testament to the strength and sustainability of their decentralized approach. Taiko has proven that a rollup can be fully compatible with Ethereum, both technically and philosophically.

Key Highlights:

  • Profitable Decentralization: Based rollups can be profitable marking a groundbreaking milestone in decentralized and permissionless Ethereum scaling solutions.
  • Explosive Growth in Network Activity: Taiko’s mainnet has exceeded 110 million transactions, setting a phenomenal record in the crypto space in less than 90 days.
  • Transaction Volume Surge: Taiko has reached an impressive 2,000,000 daily transactions, highlighting the network’s robust capacity and growing adoption.
  • Expanding User Base: Taiko has attracted around 1,200,000 unique wallet addresses, demonstrating strong user interest and engagement in its ecosystem.
  • Ecosystem Growth: Since its mainnet launch, Taiko has onboarded over 100 dApps, driving increased network activity and value locked.

A New Benchmark in Ethereum Scaling

Based rollups like Taiko represent a promising approach to Ethereum scaling, offering enhanced security, seamless Ethereum compatibility, and true decentralization. However, they face unique challenges in achieving profitability due to their decentralized, permissionless nature. Unlike other scaling solutions that can retain all sequencing fees, based rollups distribute these fees among network participants, making the path to financial sustainability more complex.

Despite these challenges, Taiko’s journey in the Ethereum scaling ecosystem is showing promising signs. The project’s decentralized model appears to be operating efficiently, with data showing based rollups can be profitable, suggesting positive outcomes for network participants. Taiko’s miners, including proposers and provers, are experiencing encouraging results within the ecosystem.

“Our journey proves that we can scale Ethereum without compromising on its core principles of decentralization and security,” said Ben Wan, Chief Community Officer (CCO) at Taiko. “This is a win for the entire Ethereum community.”

This development indicates that Taiko’s ecosystem could prove to be an attractive and viable option for participants in the Ethereum scaling landscape.

Why Profitability Matters

The success of any blockchain network is inherently tied to the profitability of its participants. Ethereum’s growth and dominance are largely due to the fact that its miners have consistently made profits, attracting more participants to the network, thus enhancing its security and sustainability. Taiko is following in these footsteps by ensuring that its proposers and provers, who play a crucial role in validating transactions, are financially rewarded. This not only ensures the long-term viability of Taiko but also positions it as a leading solution for Ethereum users seeking a seamless, Ethereum-equivalent experience with enhanced scalability on Layer 2.

How Taiko Achieved Profitability: Technical Advancements and Optimizations

Since its mainnet launch, Taiko has demonstrated a commitment to continuous improvement through strategic optimizations and technical advancements. These efforts have yielded substantial enhancements in both network efficiency and accessibility. A standout achievement is the significant 30% reduction in gas costs associated with the Taiko L1 contract. This optimization represents a major leap forward in the network’s operational efficiency.

Furthermore, Taiko has implemented a 50% reduction in both the liveness bond and the SGX proofs’ validity and contestation bond. This change has lowered the capital requirements for participants, enabling more individuals and entities to engage in Taiko’s permissionless transaction sequencing. These improvements have collectively contributed to making the Taiko network more accessible and potentially more attractive for a wider range of participants in the Ethereum scaling ecosystem.

A Significant Milestone in Just 90 Days

Taiko’s achievement of reaching a positive financial milestone in just 90 days is a noteworthy indicator of the project’s potential. As a based rollup, this early success showcases the promise of their decentralized architecture and their approach to scaling Ethereum. While it’s important to note that market conditions and performance can fluctuate, this initial accomplishment sends a strong signal to the broader Ethereum community. It suggests that Taiko’s model has the potential to be viable and impactful in the long term, positioning itself as a significant player in the Ethereum scaling ecosystem.

The Path Forward

As we look to the future, Taiko’s early success lays the foundation for what we believe will be an even greater achievement: becoming a premier Layer 2 for Ethereum. Just as Ethereum’s network participant’s profitability has attracted a global network of miners, developers, and users, Taiko’s positive milestones and growth strategy are already drawing in a vibrant community – Taiko has built the largest crypto community on Discord, which significantly boosted awareness, adoption, and development. Taiko’s goal is not just to scale Ethereum but to provide an enhanced, more efficient experience for users. While Ethereum’s block time averages around 12 seconds, Taiko aims to implement faster transaction finality through innovative approaches like based preconfirmations. This feature, currently in the testing phase, allows users to have increased confidence in their transactions even before full block confirmation, significantly improving the user experience and transaction speed on the network.

In conclusion, Taiko’s journey in these first 90 days is a clear indication that they are on the right path. With promising results from its decentralized model, a strong community, and technical innovations that address Ethereum’s limitations, we are confident that Taiko is poised to become the leading Layer 2 solution. It offers enhanced speed, security, and scalability while maintaining equivalence with the Ethereum ecosystem.

About Taiko

Taiko, an Ethereum-based rollup, successfully launched its Layer 2 mainnet on May 27th after a development phase that began in 2022 and included seven testnets. The inaugural block on Taiko’s mainnet was proposed by Ethereum co-founder Vitalik Buterin, featuring metadata listing the names of all core contributors to the project.

Taiko is designed to address the scalability challenges of the Ethereum network. By utilizing Based Contestable Rollup (BCR) technology, Taiko significantly reduces transaction costs and enhances security, providing a seamless and efficient user experience without compromising decentralization.

For more information about Taiko and its revolutionary approach to Ethereum scaling, visit https://taiko.xyz/

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COCA Announces the Launch of its Groundbreaking 3rd Point System and Token Airdrop, Paving the Way for the Future of Web3 46

COCA, the next-generation Web3 crypto super app, has announced the introduction of its innovative 3rd Point System and a highly anticipated Token Airdrop ahead of its official platform launch. Designed to revolutionize user engagement and reward participation in decentralized finance, these features are set to strengthen COCA’s position as a leader in the self-custodial wallet space.

The 3rd Point System encourages active user involvement through:

  • Trade & Bridge Bonuses, rewarding users for asset swaps.
  • Hold & Earn programs, incentivizing long-term asset holding.
  • Referral Rewards for expanding the COCA community.
  • Spend & Score benefits tied to COCA debit card transactions.

“We’re focused on driving user engagement and giving back to our community through innovative rewards systems,” said Mila Kryvko, CMO. “The 3rd Point System is just the beginning, with the upcoming token airdrop marking a milestone in our mission to create a seamless and secure crypto experience.”

How to participate

  • Log into the app
  • Navigate to Profile > Contest
  • Earn Points to Receive Future Airdrop

COCA’s Token Airdrop offers a chance for early users to own a part of the platform, with further details to be revealed in the coming weeks.

About COCA

COCA is an advanced crypto wallet platform that merges decentralized finance with traditional banking services, offering users a secure and intuitive experience. With features like Multi-Party Computation (MPC) for robust security, an on-ramp aggregator for seamless asset management, and a universal gas token for gasless transactions, COCA is at the forefront of Web3 innovation.

Thera Finanzen Emerges as the Top EU Crypto Trading Platform for German Speakers in 2024 74

Thera Finanzen has been recognized as the leading crypto trading platform for German-speaking users across the European Union in 2024. This recognition comes as a result of the platform’s innovative features, user-centric design, and unparalleled performance in the volatile crypto market, setting new benchmarks for excellence in the industry.

Thera Finanzen’s rise to the top is a testament to its commitment to providing a robust and reliable trading environment tailored specifically for the German-speaking community. As crypto trading continues to gain momentum in Europe, Thera Finanzen stands out by offering a platform that not only meets the demands of experienced traders but also serves as an accessible gateway for newcomers.

“Crypto trading has seen exponential growth in Europe, and our goal has always been to lead this wave by offering a platform that resonates with German speakers,” stated the CEO of Thera Finanzen. “Our success in 2024 is driven by our unwavering focus on delivering a seamless trading experience that combines cutting-edge technology with a deep understanding of our users’ needs.”

One of the key factors behind Thera Finanzen’s success is its state-of-the-art trading tools, designed to provide users with comprehensive insights and data to make informed decisions. The platform’s advanced AI algorithms, coupled with real-time analytics, ensure that traders have access to the latest market trends, allowing them to maximize their investments with confidence.

Moreover, Thera Finanzen’s security protocols are among the most stringent in the industry, offering users peace of mind when managing their assets. With a multi-layered security framework, the platform ensures that all transactions are protected, reinforcing its reputation as a trustworthy partner in the crypto trading space.

In addition to its technical prowess, Thera Finanzen places a strong emphasis on customer support, recognizing the importance of having a reliable team available to assist traders at any time. The platform offers 24/7 customer service in German, ensuring that users can receive timely assistance in their native language.

Thera Finanzen’s achievement as the top EU crypto trading platform for German speakers is also attributed to its active engagement with the community. Through educational resources, webinars, and regular updates, the platform empowers users to stay informed and make strategic trading decisions. This commitment to user education has been instrumental in building a loyal and knowledgeable user base.

As the crypto market continues to evolve, Thera Finanzen is poised to maintain its leadership position by constantly innovating and adapting to the changing needs of its users. The platform’s future plans include the introduction of new features and tools that will further enhance the trading experience, solidifying its status as the go-to platform for German-speaking traders in the EU.

For those looking to join the crypto revolution, Thera Finanzen offers an unparalleled opportunity to engage with the market through a platform that has been recognized for its excellence. With its combination of advanced technology, top-notch security, and user-focused services, Thera Finanzen is the preferred choice for German speakers who are serious about crypto trading.

Portal and Immutable Announce Partnership To Drive Web3 Gaming Distribution and Monetization 64

Portal, the leader in solving Web3 distribution, is thrilled to announce a groundbreaking partnership with Immutable, one of the most prominent players in the Web3 gaming industry. The partnership, officially unveiled today at Korean Blockchain Week during an Immutable and Portal co-sponsored event, marks a significant leap forward for web3 gaming, with far-reaching implications for developers, players, and the broader gaming landscape.

The collaboration between Portal and Immutable is poised to redefine how Web3 games are distributed, monetized, and experienced. By combining Portal’s unparalleled expertise in user acquisition, rewards, payments, and ecosystem liquidity improvements, with Immutable’s robust platform for game development and distribution, the partnership ensures that players worldwide gain easy and rewarding access to the best Web3 games. This alliance not only enhances the growth potential of Web3 gaming but also increases the chances of more web3 games finding traction with mainstream audiences.

“This partnership represents a pivotal moment in the evolution of both Web3 gaming and gaming overall,” said Ezra Strauss, Head of Partnerships at Portal. “I’m thrilled to be reunited in this work with my talented former teammates at Immutable to push the boundaries of what’s possible in this space. Together, we’re not just enhancing game distribution and monetization—we’re setting the stage for the future of gaming, where players around the world can access and enjoy the best that Web3 has to offer.”

Key Elements of the Partnership:

Enhanced Distribution and Monetization: Immutable will leverage Portal and its innovative Portal Pay solution to drive distribution and monetization across its ecosystem of games. This collaboration is set to boost the overall growth of the Immutable ecosystem by making it easier for developers to reach new audiences and for players to engage with the latest Web3 games.

Platform Integration: Immutable chains will be fully integrated into the Portal platform, including Portal Pay. This integration will streamline payments, rewards, and transactions across Immutable’s network of games, creating a seamless experience for developers and players alike.

Ecosystem Liquidity Improvements: The partnership will introduce new levels of liquidity to the Immutable ecosystem, empowering developers with enhanced tools for game/dApp monetization and offering players more rewarding experiences as they play Immutable games via the Portal product suite. Portal’s cross-chain tech stack brings players from across every chain to Immutable games, allowing devs to rapidly access and monetize new audiences.

This partnership represents a highly synergistic relationship between two of the biggest players in Web3 gaming. While Portal continues to pave the way into the Web3 gaming space by connecting games with players through its cutting-edge distribution solutions, Immutable remains focused on enabling developers to build and deploy great games. Together, they are set to accelerate the growth of Web3 gaming and contribute to its potential to become a dominant force in the global gaming industry.

About Portal

Portal is building the distribution layer for Web3 and beyond. An ecosystem that’s bringing together users from every chain and connecting them with the best dApps in the space – starting with gaming. Via frictionless products, a pioneering liquidity layer and a world-class network, Portal is helping Web3 solve distribution – aggregating users into a single, vibrant ecosystem in the process. Builders of top-level games and dApps can now focus on creating AAA experiences on any chain – Portal is connecting them to users from around the world. Portal’s advisors include Jamie King, Rockstar Games Co-Founder, Russell Hanson, former CSO of Consensys, Matt Dixon, former Head of BD, EA Games, and John Yao, CEO Team Secret eSports. Portal is proudly represented by WME.

For more information, users can follow Portal on X: https://x.com/Portalcoin

About Immutable

Immutable is a global leader in gaming on a mission to bring digital ownership to every player by making it safe and easy to build great web3 games.

The Immutable gaming platform makes it easy for game studios and independent developers to safely and confidently build and launch successful games on Ethereum. The product suite includes pre-built solutions, optimized for usability, that help developers get to market faster without sacrificing security or player experience. Builders get personalized web3 guidance, live support for their communities, and access to the largest ecosystem in gaming.

Immutable was the first gaming platform to deliver a zero-knowledge (zk) scaling solution to the Ethereum community and provides developers with multiple zk-based scaling options, including Immutable X, a rollup based on StarkWare technology, and Immutable zkEVM, powered by Polygon.

Immutable’s in-house gaming capabilities means they know how to build great games first-hand through Immutable Games, a global leader in web3 game development and publishing. Backed by a world-class team who have proven track records of bringing games to millions of players, Immutable Games has pioneered the world’s first blockbuster NFT trading-card game Gods Unchained and is currently building the highly anticipated mobile RPG Guild of Guardians.

For more information, users can visit: https://www.immutable.com/

BitcoinCitadel.Club Launches a Global Web3 Community for Bitcoin Enthusiasts 58

The BitcoinCitadel.Club team has recently unveiled their new community platform exclusively designed for Bitcoin enthusiasts across the globe. The project targets people interested in Bitcoin and interested to see it succeed in the long run.

BitcoinCitadel.Club emerges as a fortress for Bitcoin HODLers, providing members with exclusive access to private, blockchain-verified groups and a dedicated social space to connect and collaborate. As decentralized finance rises, this community serves as a haven for those who believe in Bitcoin’s potential to drive financial sovereignty. Rooted in the values of Satoshi Nakamoto, the Bitcoin Citadel Club fosters a supportive environment where members share knowledge, build trust, and unite in their commitment to the future of Bitcoin.

The Launch of a Stronghold for Web3 Enthusiasts Aligned with Satoshi Nakamoto’s Vision

The team behind BitcoinCitadel.Club, led by Sayuri Nakamara, is making remarkable strides toward the launch of its official website, creating a global community for Bitcoin enthusiasts. Leveraging Web3 technology, the platform will offer a space where HODLers can connect, learn, and collaborate.

Inspired by Satoshi Nakamoto’s vision, the project emphasizes the value of holding strong, a lesson Sayuri learned through overcoming challenges in the crypto world. BitcoinCitadel.Club aims to be a digital bastion for decentralized finance, embodying resilience and commitment to Bitcoin’s future.
This is when the Bitcoin Citadel Club came in and brought forth a new community of true believers in Bitcoin: HODLers who want to secure the future for the next generation.

The Club is the safe place for all those Web3 enthusiasts to connect with others. On this platform, crypto fans can support each other in their hustles while the digital currency landscape grows.

With Sayuri leading the project, the team has designed the ultimate refuge for those who understand what Bitcoin holds. This is a great place for anyone determined to be a part of BTC’s journey toward global adoption.

The Club features a newsletter about the inside news and updates regarding the project and Bitcoin. The founder, Sayuri Nakamara, officially welcomes digital enthusiasts to join the Club.

About BitcoinCitadel.Club

BitcoinCitadel.Club is a pioneering project designed to connect and empower Bitcoin enthusiasts globally, under the leadership of Sayuri Nakamara. This community offers a unique space for HODLers to exchange knowledge, share insights, and support each other, all while adhering to the core principles of Bitcoin as envisioned by Satoshi Nakamoto.

With a commitment to knowledge advancement in Bitcoin and driving Decentralized Finance, the team has a clear roadmap in mind. The project’s features unique to the Bitcoin Citadel Club include exclusive access to private, blockchain-verified groups and a dedicated social space to connect and collaborate.

The recent launch of a Bitcoin Dashboard adds real-time updates on the cryptocurrency’s price and block height. Therefore, this team invites every crypto enthusiast out there to join its community and participate in the Bitcoin journey toward mass adoption.

As Sayuri Nakamara says, holding is the key to success in the crypto sector. Everybody curious to learn more can visit the links below to the project website, social pages, and Sayuri Nakamara’s mission.

IDA, a Hong Kong-based Fiat-referenced Stablecoin Issuer, Raised USD6 Million Seed Round Led by CMCC Global and Hashed 60

IDA, a premier Hong Kong-based digital asset company, has raised USD6 million in a seed funding round led by prominent blockchain investors CMCC Global, under its Titan Fund, and Hashed. This capital injection will enable IDA to advance the development and launch of its first fiat-referenced stablecoin, HKDA, which is designed to be regulated in Hong Kong.

Additional participants in this round also include Hack VC, Anagram, GSR, Protagonist, Brinc, Chorus One, Kenetic, SNZ, and Yolo Investments as well as notable angel investors, such as Raj Gokal, Co-founder of Solana. Aside from providing funding, leading blockchain foundations of Solana, Polygon, Aptos, and Mantra are also IDA’s strategic blockchain partners to foster HKDA’s interoperability, accessibility, resilience, and liquidity.

“With the current total stablecoins market cap around USD170 billion, we expect stablecoins to grow over USD3 trillion in the next 5 years. This exponential growth will underscore the increasing significance of stablecoins in the broader digital currency landscapes. Thus, IDA’s mission is to facilitate more effective and efficient cross-border trades through the blockchain for everyone,” said Lawrence Chu, Co-founder and CEO of IDA.

Sean Lee, Co-founder and CSO of IDA added, “the first goal of IDA is to enable mass adoption and empower businesses to seamlessly integrate between Web2 and Web3. To achieve this, IDA has begun active engagements with the Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB), as well as domestic partners in the ecosystem, to issue regulated stablecoins in Hong Kong. HKDA, our first fiat-referenced stablecoin built on public blockchains, will shortly be heading onto testnet. We intend for our mainnet launch before the end of this year and achieve regulatory clarity in early 2025.”

CMCC Global, one of Asia’s first VC funds focused purely on blockchain and cryptocurrency, is thrilled to lead this funding round and partner with IDA to push the boundaries in Web3 space. “As a Hong Kong-based company, we are excited to support innovative Web3 companies like IDA that are leveraging blockchain finance and stablecoins to create solutions addressing real-world challenges,” said Martin Baumann, Co-founder and Managing Partner of CMCC Global.

Hashed, a global early-stage venture fund focused on backing founders who are pioneering the future of blockchain and cryptocurrency, also shares the same vision as IDA. “We anticipate wider mainstream adoption of stablecoins in real-world trades and settlements. With Hong Kong’s position as Asia’s financial hub and its recent push for a stablecoin legislative framework, we expect IDA to spearhead the coming changes. Their unique blend of expertise in traditional finance and blockchain technology positions them perfectly to bridge conventional and digital financial systems, potentially reshaping finance across Asia and beyond,” said Ryan Kim, Founding Partner at Hashed.

Starting initially in Hong Kong, IDA will leverage the forefront of fintech and Web3 to reach other countries whose currency is also pegged to the USD. Over time, IDA aims to share their innovations and grow their business to other nations along the Belt and Road and Global South initiatives. More exciting partnerships will be announced to unlock a more inclusive and connected global marketplace.

Note: The current total stablecoins market cap is based on the data provided by defillama.com at 18:00 HKT on 2024-08-26.

About IDA Finance Hong Kong Limited (IDA)

IDA is the premier digital asset technology company to spearhead the widespread adoption of blockchain finance and to empower businesses to seamlessly integrate between Web2 and Web3.

HKDA, a fiat-referenced stablecoin built on public blockchain protocols, will be the first product launched by IDA. HKDA is designed to drive enhanced digital connectivity for seamless commerce and payments between Hong Kong and global markets, 24/7/365. To maintain the highest level of security and stability, all circulating HKDA will always be fully backed by at least 100% reserve assets in regulated Hong Kong based authorized institutions.

To maximize the network effect of HKDA for domestic and cross-border usage, IDA is partnering with key industry players to facilitate the minting, redemption and widespread acceptance of HKDA as a payment and settlement digital currency. In subsequent phases, IDA will also launch key products denominated in other US Dollar (USD) pegged currencies with ecosystem partners across regulated financial institutions and Web3 platforms.

More information can be found at www.idafi.xyz

About CMCC Global & Titan Fund

CMCC Global is one of Asia’s first venture capital companies focused solely on blockchain and Web3 investments. CMCC Global has an enviable record of investing early in leading projects such as Ethereum (ETH) at USD7, Solana (SOL) at USD0.20 and Cosmos (ATOM) at USD0.10. CMCC Global has reached assets under management (AUM) of over USD500 million across its funds and is known as a high-conviction investor. Today the company has offices in Asia, North America and Europe and operates several funds with different strategies including the CMCC Global Digital Asset Fund, the Titan Fund and its two funds of quantitative trading hedge funds Crest and SYZCrest.

More information can be found at www.cmcc.vc

Titan Fund offers accredited investors exposure to attractive growth opportunities within the blockchain ecosystem through a traditional equity venture capital investment strategy focusing on seed to series A/B along the key investment verticals of Infrastructure, Fintech and Consumer Applications. The Titan Fund is CMCC Global’s latest fund strategy and complements its Digital Asset Funds, which have been investing directly into protocols and digital assets since 2016, and its Crest family of funds that invests into crypto and quant funds.

More information can be found at www.titan.fund

About Hashed

Founded by a team of serial entrepreneurs and engineers in 2017, Hashed is the preeminent blockchain firm in Asia with a portfolio that spans the globe. We started Hashed because we saw an opportunity for blockchain to not only reinvent the global financial system, but the very fabric of the internet itself. This is one of the most consequential moments in human history — an opportunity to overlay the power of digital networks onto human ones, and to usher in a future where technology empowers individuals, and not the other way around.

More information can be found at www.hashed.com

Growing the Buz Economy: Announcing the Social Intelligence Paranet Launch 57

In the rapidly evolving world of tech and finance, the demand for innovation and adaptability is higher than ever, driven by a quest for transparency for internet users. LunarCrush has been at the forefront of Social Intelligence, converting human-driven insights into actionable information for both retail and institutional stakeholders. Originally focusing on the crypto industry, LunarCrush’s Social Intelligence now extends across diverse sectors such as technology, politics, travel, music, and more. Recognizing the convergence of crypto, the Internet, and Artificial Intelligence (AI), LunarCrush is making a significant leap forward in their transparency efforts through social intelligence. By launching the Social Intelligence Paranet on the OriginTrail Decentralized Knowledge Graph (DKG), LunarCrush aims to enhance content collection through incentivized crowdsourcing and enable the creation of AI-powered services on this trusted knowledge base.

The Decentralized Knowledge Graph and the Social Intelligence Paranet

The Social Intelligence Paranet will operate on the OriginTrail DKG, a permissionless peer-to-peer network that ensures all social content published to the Paranet is discoverable, verifiable, and attributed to its owners. This setup allows AI services leveraging this knowledge base to avoid challenges like hallucinations, managed bias, and intellectual property violations. For an in-depth understanding of the technical design of paranets, DKG, and decentralized Retrieval-Augmented Generation (dRAG), we recommend reviewing the OriginTrail Whitepaper.

The Social Intelligence Paranet Initiative

Aligned with LunarCrush’s growth trajectory, the Social Intelligence Paranet will initially target the crypto sector, attracting high-quality content creators and community members from various crypto projects. LunarCrush will also mine knowledge tied to their social insights, such as Alt Rank, Top Creators, and Sentiment analysis. Beyond knowledge mining, the Social Intelligence Paranet will feature the first AI-powered tool to interact with top knowledge assets on the Paranet, supported by LunarCrush. This AI-powered tool will be accessible to users paying with BUZ tokens. All BUZ tokens spent by users will be recycled as additional rewards for knowledge mining.

In the upcoming weeks, a comprehensive proposal for the Social Intelligence Paranet will be submitted to the NeuroWeb community for approval. The proposal will include:

  • Knowledge Assets created from LunarCrush APIs
  • An incentives model for knowledge miners targeting the first category of knowledge
  • A demo of the LunarCrush AI tool

Advancing the Wisdom of the Crowds

The traditional wisdom of the crowds concept eliminates idiosyncratic noise associated with individual judgment by averaging a large number of responses. Social Intelligence takes this concept further by unlocking actionable information through high-quality, curated knowledge enhanced with specific domain expertise. The rise of AI introduces the potential for another leap forward in extracting wisdom from a vast body of knowledge. Incentivized crowdsourcing to collect superior social content provides an ideal foundation for AI services to uncover wisdom that is not immediately apparent. While a conversational tool is the initial step, subsequent developments will include AI agents performing comprehensive tasks such as market analysis and prediction market suggestions. As the Social Intelligence Paranet expands beyond the crypto field, it promises to support enhanced decision-making powered by the wisdom of the crowds across various topics.