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On August 9 last year, a press release announced that Justin Sun and BiT Global were getting involved with Wrapped Bitcoin (WBTC). It claimed that this new direction would include “the Tron ecosystem, which is the leading blockchain that presently hosts the largest circulating supply of USDT stablecoins in the world.” When this announcement was made, Wrapped Bitcoin already had a WBTC on TRON product that had launched in 2021. However, it was rarely used, with approximately 100 bitcoins (BTC) used in this way . After the announcement and with Sun’s involvement, Wrapped Bitcoin made the decision to remove the WBTC on TRON dashboard from its website, eliminating disclosure about approved partners and, more importantly, where the BTC backing the product was stored. Wrapped Bitcoin hides bitcoins for WBTC on Tron Read more: Justin Sun-advised HTX has redeemed 7,300 WBTC it did not disclose More recently, TRONSCAN no longer displays the WBTC on TR...

Decentralized AI agent auto-training platform Fraction AI has announced the launch of its mainnet on the Ethereum Layer 2 (L2) network Base. The protocol, which allows users to create and train AI agents through open and decentralized reinforcement learning, has now transitioned from its testnet phase to live, scalable deployment.  Fraction AI has amassed 320,000 users, who have created 1.1 million agents, resulting in more than 30 million data sessions in its testnet phase alone. In addition, the platform’s smart contract currently processes more than 90% of the total Wrapped Ether (wETH) volume on the Sepolia testnet. The Base launch marks significant milestone for Fraction AI Users are now able to deploy AI Agents on Base and engage them in live competitions in “Spaces”, environments designed to reflect real-world tasks such as financial Analysis , code generation, and copywriting.  By utilizing a novel framework dubbed Reinforcement Learning from Agent ...

The Flockerz ($FLOCK) fundraising campaign continues to gain momentum, with its presale funds now exceeding $1.3 million. The new meme coin is rallying support to launch the industry’s first vote-to-earn (V2E) mechanism, where the community’s voice is rewarded for steering the project’s direction. Flockerz is setting a new standard for meme coins with this innovative incentive model, and its timing couldn’t be better.  As the meme coin market prepares for a new peak in 2024, with projections suggesting the number of tokens could reach millions by 2025 – driven mainly by the rise of meme coin launchpads this year – Flockerz is giving investors something to consider in newer projects if they can match its decentralized approach to governance. Flockerz’s V2E mechanism earns it the “People’s Meme Coin” title, as, unlike other meme coins, it is governed completely by its community – its flock....

Can Blockchain Disrupt Fine Art? Decentralizing Art Authentication! The fine art world has long thrived on exclusivity, status, and the nuances of authenticity. Art collectors, galleries, and museums rely on experts to validate the provenance and originality of pieces, which can often be subjective, time-consuming, and open to forgery. But with the advent of blockchain technology, many are asking: can blockchain disrupt the fine art market and decentralize art authentication? The Current State of Art Authentication Traditionally, art authentication has been handled by experts, institutions, and galleries that verify the provenance (or history of ownership) of an artwork. However, this system is fraught with challenges: Forgery & Counterfeits With billions of dollars in transactions, the art market is plagued by high-profile forgery scandals. Opaque Provenance Tracing the ownership history of artworks is often difficult, with incomplete or missing records. Costs & Access Auth...

The newly branded Halo Wallet seeks to broaden its efforts from Web3 to social finance, also known as SocialFi. Decentralized wallet KuCoin Wallet announced on Apr. 3 that it has rebranded as Halo Wallet and launched a new SocialFi ecosystem. According to the announcement, the newly independent Halo Wallet received a fresh round of financing from several investors, including KuCoin Ventures, IDG, HashKey Capital, and other Web3 strategic partners.  1/ We’re thrilled to announce that #KuCoinWallet has officially rebranded to Halo Wallet! With a brand new name, new logo, new UI, new roadmap,  #HaloWallet is ready to innovate the next stage of #Web3 social #crypto wallet! Learn more️https://t.co/GoYVvKdYoi — Halo Wallet (@HaloDotSocial) April 3, 2023 The rebranding exercise aims to expand Halo Wallet's focus from being a Web3 wallet to a broader SocialFi ecosystem. The wallet seeks to integrate a variety of on-chain and off-chain social media protocols, such as Lens and Twitter,...

Blockchain interoperability is essential for the industry, but current solutions such as bridges are quite vulnerable. So what is the solution? Blockchain interoperability is one of the most important goals to ensure that the industry becomes future-proofed. Smooth cross-chain communication and flow of value are essential for efficient transactions and use cases. By addressing the fragmentation of Layer-1 networks, the Blockchain industry can improve user experience, open new opportunities for collaboration, overcome its speed and scal ability limitations, and accelerate the Adoption of the technology across all major industries. The problem of cross-chain solutions While blockchain market participants realized the importance of interoperability long ago, we still don’t have decentralized systems that can work together smoothly, securely, and on a large scale. Today, cross-chain communication relies on go-between platforms such as bridges. The problem is that bridges have turned out...