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2024 is already shaping up to be a year of significant shifts in crypto. Ethereum's resilience in the face of market fluctuations, Solana's challenges with network congestion and price declines, and the unexpected ascent of Furrever Token highlight the diverse dynamics at play in the crypto world. Ethereum's March Towards $3,600: An Analysis of Recent Price Movements Ethereum has demonstrated its robustness by maintaining its position above the pivotal $3,400 support level, hinting at a potential bounce back from its recent price declines. For Ethereum to maintain positive momentum in the short term, breaking through the $3,600 barrier is essential. During its recent slump, the cryptocurrency fell beneath the $3,500 mark, momentarily dipping below the $3,450 support. Ethereum's price hit a trough of $3,408 before it began its upward correction, mirroring Bitcoin's positive trend. In this rebound, Ethereum successfully overcame the $3,500 resistance level, touching the 50% Fibonacci retracement level that lies between the recent peak of $3,726 and the low of $3,408. Moreover, Ethereum breached a descending trend line on the ETH/USD hourly chart, suggesting a potential shift away from the recent downtrend. Presently, Ethereum's price is near $3,500, which is in close alignment with the 100-hourly Simple Moving Average, reflecting a market that is currently in equilibrium. The next immediate hurdle is at the $3,600 level, matching the 61.8% Fibonacci retracement level from the recent peak to trough movement. If Ethereum can surpass the $3,650 resistance, it may aim for the $3,725 level, paving the way for further advances towards $3,780. Surpassing the $3,800 mark could trigger significant bullish momentum, potentially elevating the price to the $3,880 region and, under more favorable conditions, toward the $4,000 threshold. On the flip side, if Ethereum fails to clear the $3,600 resistance, it might face another downturn. Immediate support is situated near the $3,520 mark, with more substantial support at the $3,500 and $3,400 levels. A fall below the $3,400 support could see the price descending towards $3,320, with further declines possibly driving it down to the $3,240 mark. Factors Leading to Solana's Price Decline Solana's (SOL) price experienced a significant downturn, reaching a three-week low of $162.40 on April 10, marking a 19.8% decline over ten days. This drop coincided with the release of the U.S. Consumer Price Index inflation data, which showed a higher-than-expected increase of 3.5% year-over-year in March. The decline in SOL's price is attributed to several key factors: Network Congestion: Solana has faced challenges in managing a surge in transaction requests, which has affected its performance.
Diminished Interest in SPL Tokens: There's been a noticeable decrease in interest in Solana's SPL tokens.
Excessive Leverage in Derivatives Markets: The use of high leverage in derivatives trading has contributed to SOL's price volatility. Despite these challenges, SOL managed to regain the $168 support level on April 10. However, it still underperformed compared to its competitors like BNB and Ethereum, trailing behind them by 16% and 14%, respectively, over the past week. This underperformance indicates that Solana's bearish momentum may be independent of the broader cryptocurrency market trends. The recent fluctuations in SOL's price have been linked to the meme-coin craze and Solana SPL token airdrops, suggesting a longer-term downtrend rather than a sudden decline. Additionally, Solana Labs has recognized the network's congestion issues and has proposed a bug fix scheduled for April 15, along with a software upgrade aimed at improving transaction efficiency. Solana's transaction failures have also mirrored the poor performance of tokens within its ecosystem, with notable declines in DeFi tokens like Jupiter (JUP), Raydium (RAY), and Jito (JTO), as well as a significant drop in prominent memecoins. Despite leading in weekly transaction volume, Solana's relatively low transaction fees raise questions about its long-term economic viability, especially given the high costs associated with running validators on the network. Furthermore, the derivatives market for Solana shows a risk of potential liquidations, with a significant increase in futures open interest. This situation underscores the importance of addressing the network's congestion issues to stabilize SOL's price and foster a more positive outlook for the token. Furrever Token: A Rising Star in the 2024 Altcoin Universe Furrever Token is shaping up to be a standout in the 2024 altcoin market thanks to its refreshing and engaging approach to cryptocurrency. Breaking away from the conventions of typical blockchain initiatives, Furrever Token breathes life into the crypto world with its charming cat-themed ecosystem, blending entertainment with digital currency. This strategy not only makes the crypto experience more enjoyable for users but also cultivates a community atmosphere brimming with shared enthusiasm. The strategic tokenomics behind Furrever Token are crafted to bolster its development and ensure its endurance in the market. Out of the approximate 9 billion tokens available, a significant 65% is earmarked for presale, with 25% allocated for trading on decentralized exchanges (DEXs) and the remaining 10% reserved for the development team, subject to a one-year lock-in period to guarantee the project's future. Additionally, the promise of up to 15X returns positions Furrever Token as an appealing prospect for investors. The project has already made noteworthy strides, securing over $720,000 and advancing through six of its ten-stage fundraising initiative. Furrever Token is gearing up for broader accessibility by launching on DEX platforms like PancakeSwap and supporting diverse payment methods, including USDT (BEP-20), to enhance its user base and liquidity. In response to validity inquiries, Furrever Token has proactively pursued smart contract audits and maintained open lines of communication with its community, underlining its dedication to trustworthiness and security. This is further exemplified by their token lock-in policy and the inclusion of dedicated community members in governance roles. Boasting an active, organically grown Telegram community of nearly 4,000 members, Furrever Token is poised to capture the hearts and wallets of investors looking for a harmonious mix of fun and financial potential in the cryptocurrency arena. As it advances through its presale phases and approaches its market debut, Furrever Token is emerging as a strong candidate for the 2024 altcoin spotlight. Discover one of the exclusive opportunities in the 2024 pre-sale stage now: Furrever Token Official Website  |   Visit Furrever Token Presale Join Official Telegram Group       |   Follow Official X Account This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program here. 2024 is already shaping up to be a year of significant shifts in crypto. Ethereum's resilience in the face of market fluctuations, Solana's challenges with network congestion and price declines, and the unexpected ascent of Furrever Token highlight the diverse dynamics at play in the crypto world. Furrever Token Furrever Token Ethereum's March Towards $3,600: An Analysis of Recent Price Movements Ethereum's March Towards $3,600: An Analysis of Recent Price Movements Ethereum has demonstrated its robustness by maintaining its position above the pivotal $3,400 support level, hinting at a potential bounce back from its recent price declines. For Ethereum to maintain positive momentum in the short term, breaking through the $3,600 barrier is essential. During its recent slump, the cryptocurrency fell beneath the $3,500 mark, momentarily dipping below the $3,450 support. Ethereum's price hit a trough of $3,408 before it began its upward correction, mirroring Bitcoin's positive trend. In this rebound, Ethereum successfully overcame the $3,500 resistance level, touching the 50% Fibonacci retracement level that lies between the recent peak of $3,726 and the low of $3,408. Moreover, Ethereum breached a descending trend line on the ETH/USD hourly chart, suggesting a potential shift away from the recent downtrend. Presently, Ethereum's price is near $3,500, which is in close alignment with the 100-hourly Simple Moving Average, reflecting a market that is currently in equilibrium. The next immediate hurdle is at the $3,600 level, matching the 61.8% Fibonacci retracement level from the recent peak to trough movement. If Ethereum can surpass the $3,650 resistance, it may aim for the $3,725 level, paving the way for further advances towards $3,780. Surpassing the $3,800 mark could trigger significant bullish momentum, potentially elevating the price to the $3,880 region and, under more favorable conditions, toward the $4,000 threshold. On the flip side, if Ethereum fails to clear the $3,600 resistance, it might face another downturn. Immediate support is situated near the $3,520 mark, with more substantial support at the $3,500 and $3,400 levels. A fall below the $3,400 support could see the price descending towards $3,320, with further declines possibly driving it down to the $3,240 mark. Factors Leading to Solana's Price Decline Factors Leading to Solana's Price Decline Solana's (SOL) price experienced a significant downturn, reaching a three-week low of $162.40 on April 10, marking a 19.8% decline over ten days. This drop coincided with the release of the U.S. Consumer Price Index inflation data, which showed a higher-than-expected increase of 3.5% year-over-year in March. The decline in SOL's price is attributed to several key factors: Network Congestion: Solana has faced challenges in managing a surge in transaction requests, which has affected its performance. Diminished Interest in SPL Tokens: There's been a noticeable decrease in interest in Solana's SPL tokens. Excessive Leverage in Derivatives Markets: The use of high leverage in derivatives trading has contributed to SOL's price volatility. Network Congestion: Solana has faced challenges in managing a surge in transaction requests, which has affected its performance. Diminished Interest in SPL Tokens: There's been a noticeable decrease in interest in Solana's SPL tokens. Excessive Leverage in Derivatives Markets: The use of high leverage in derivatives trading has contributed to SOL's price volatility. Despite these challenges, SOL managed to regain the $168 support level on April 10. However, it still underperformed compared to its competitors like BNB and Ethereum, trailing behind them by 16% and 14%, respectively, over the past week. This underperformance indicates that Solana's bearish momentum may be independent of the broader cryptocurrency market trends. The recent fluctuations in SOL's price have been linked to the meme-coin craze and Solana SPL token airdrops, suggesting a longer-term downtrend rather than a sudden decline. Additionally, Solana Labs has recognized the network's congestion issues and has proposed a bug fix scheduled for April 15, along with a software upgrade aimed at improving transaction efficiency. Solana's transaction failures have also mirrored the poor performance of tokens within its ecosystem, with notable declines in DeFi tokens like Jupiter (JUP), Raydium (RAY), and Jito (JTO), as well as a significant drop in prominent memecoins. Despite leading in weekly transaction volume, Solana's relatively low transaction fees raise questions about its long-term economic viability, especially given the high costs associated with running validators on the network. Furthermore, the derivatives market for Solana shows a risk of potential liquidations, with a significant increase in futures open interest. This situation underscores the importance of addressing the network's congestion issues to stabilize SOL's price and foster a more positive outlook for the token. Furrever Token: A Rising Star in the 2024 Altcoin Universe Furrever Token: A Rising Star in the 2024 Altcoin Universe Furrever Token is shaping up to be a standout in the 2024 altcoin market thanks to its refreshing and engaging approach to cryptocurrency. Breaking away from the conventions of typical blockchain initiatives, Furrever Token breathes life into the crypto world with its charming cat-themed ecosystem, blending entertainment with digital currency. This strategy not only makes the crypto experience more enjoyable for users but also cultivates a community atmosphere brimming with shared enthusiasm. Furrever Token Furrever Token The strategic tokenomics behind Furrever Token are crafted to bolster its development and ensure its endurance in the market. Out of the approximate 9 billion tokens available, a significant 65% is earmarked for presale, with 25% allocated for trading on decentralized exchanges (DEXs) and the remaining 10% reserved for the development team, subject to a one-year lock-in period to guarantee the project's future. Additionally, the promise of up to 15X returns positions Furrever Token as an appealing prospect for investors. The project has already made noteworthy strides, securing over $720,000 and advancing through six of its ten-stage fundraising initiative. Furrever Token is gearing up for broader accessibility by launching on DEX platforms like PancakeSwap and supporting diverse payment methods, including USDT (BEP-20), to enhance its user base and liquidity. In response to validity inquiries, Furrever Token has proactively pursued smart contract audits and maintained open lines of communication with its community, underlining its dedication to trustworthiness and security. This is further exemplified by their token lock-in policy and the inclusion of dedicated community members in governance roles. Boasting an active, organically grown Telegram community of nearly 4,000 members, Furrever Token is poised to capture the hearts and wallets of investors looking for a harmonious mix of fun and financial potential in the cryptocurrency arena. As it advances through its presale phases and approaches its market debut, Furrever Token is emerging as a strong candidate for the 2024 altcoin spotlight. Discover one of the exclusive opportunities in the 2024 pre-sale stage now: Furrever Token Official Website | Visit Furrever Token Presale Furrever Token Official Website Furrever Token Official Website Visit Furrever Token Presale Visit Furrever Token Presale Join Official Telegram Group | Follow Official X Account Join Official Telegram Group Join Official Telegram Group Follow Official X Account Follow Official X Account This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program here. This story was distributed as a release by ZEX MEDIA under HackerNoon’s Brand As An Author Program. Learn more about the program here . here here

Cryptocurrency Market in 2024: Ethereum Targets $3,600, Solana's Setback, and Furrever Token

2024 সালে ক্রিপ্টোকারেন্সি মার্কেট: Ethereum টার্গেট $3,600, সোলানার সেটব্যাক, এবং Furrever টোকেন

Kryptowährungsmarkt im Jahr 2024: Ethereum strebt 3.600 USD an, Solanas Rückschlag und Furrever-Token

Mercado de criptomonedas en 2024: Ethereum apunta a $ 3600, el revés de Solana y el token Furrever

Marché des crypto-monnaies en 2024 : Ethereum vise 3 600 $, le revers de Solana et le jeton Furrever

2024 में क्रिप्टोकरेंसी मार्केट: इथेरियम का लक्ष्य $3,600, सोलाना का झटका और फुर्रेवर टोकन

2024年の暗号通貨市場: イーサリアムは3,600ドルを目標、ソラナの後退、そしてFurreverトークン

2024년 암호화폐 시장: 이더리움 목표 $3,600, 솔라나의 좌절, Furrever 토큰

Mercado de criptomoedas em 2024: Ethereum visa US$ 3.600, revés de Solana e token Furrever

Рынок криптовалют в 2024 году: цель Ethereum — $3600, неудача Соланы и токен Furrever

2024'te Kripto Para Piyasası: Ethereum 3.600 Doları Hedefliyor, Solana'nın Gerilemesi ve Furrever Token

Thị trường tiền điện tử vào năm 2024: Ethereum nhắm mục tiêu 3.600 USD, sự thụt lùi của Solana và mã thông báo Furrever

2024 年的加密货币市场：以太坊目标价 3,600 美元、Solana 的挫折和 Furrever 代币

SAN JOSE, Costa Rica, April 10th, 2024, Chainwire Texas HODL is set to redefine the online poker arena by integrating the Bitcoin Lightning Network, marking a new era of fast, secure, and user-centric gaming experiences. Texas HODL offers poker enthusiasts a seamless way to play and transact, backed by the TEX token economy. Embracing the Lightning Network The integration of the Lightning Network into Texas HODL's platform aims to ensure instant transactions with minimal fees and looking to grant players unprecedented access to their funds and the ability to play and withdraw with ease. The team's forward-thinking move places Texas HODL at what looks to be the forefront of technological innovation in online gaming, a strategy validated by Coinbase's recent adoption of Lightning payments. TEX Tokens JUST LAUNCHED: A Game-Changer in Online Poker The introduction of TEX tokens is not merely a functional aspect of Texas HODL's ecosystem; it represents a unique opportunity for players to become stakeholders in the platform's success. With a total supply of 1 billion tokens, TEX tokens are potentially set to drive the platform's growth and foster a community directly invested in its prosperity. Invest In The Future of Poker With TEX Tokens TEX tokens are now available for purchase, allowing participants to contribute to the platform's liquidity and, in return, receive a portion of the platform's rake in staking rewards. The Texas HODL team believes that this innovative approach will ensure that, as Texas HODL expands, its community of token holders will directly benefit from the platform's success. TEX Token Roadmap: Phases of Opportunity Texas HODL's exciting TEX token roadmap is per the team "a bold vision set to soar as the platform expands". Phase one started with 130 million tokens available at $0.01 each, with an additional 20 million earmarked for airdrops. The funds will enhance the platform with new game modes and robust marketing campaigns. Phase two offers 250 million tokens at market value, focusing on completing the staking protocol, creating a transparent user dashboard, and aiming at building partnerships to drive Texas HODL's presence in the poker world. Phase three introduces 100 million tokens at fair value, targeting significant platform advancements, a global tournament series, and state-of-the-art AI customer support. The TEX Token Community Journey As Texas HODL continues to chart a course for success, they invite players to become part of this groundbreaking journey. Holding TEX tokens is more than gameplay; it's an entry into a community-driven platform where success is shared, making every HODLER a winner. About TEXAS HODL Texas HODL is revolutionizing online poker for the cryptocurrency era, offering the excitement of poker enhanced by Bitcoin's Lightning Network for fast, secure transactions. This platform blends the thrill of poker with the freedom of Bitcoin, fostering a community passionate about crypto and strategic play, alongside a rewarding affiliate system to encourage community growth. Users can visit texasHODL.net for more information Texas HODL is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Contact CEO Alex Von Kanel Lightcache Ltd alex@shango.tech This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. SAN JOSE, Costa Rica, April 10th, 2024, Chainwire Texas HODL is set to redefine the online poker arena by integrating the Bitcoin Lightning Network, marking a new era of fast, secure, and user-centric gaming experiences. Texas HODL offers poker enthusiasts a seamless way to play and transact, backed by the TEX token economy. Embracing the Lightning Network The integration of the Lightning Network into Texas HODL's platform aims to ensure instant transactions with minimal fees and looking to grant players unprecedented access to their funds and the ability to play and withdraw with ease. The team's forward-thinking move places Texas HODL at what looks to be the forefront of technological innovation in online gaming, a strategy validated by Coinbase's recent adoption of Lightning payments. TEX Tokens JUST LAUNCHED: A Game-Changer in Online Poker The introduction of TEX tokens is not merely a functional aspect of Texas HODL's ecosystem; it represents a unique opportunity for players to become stakeholders in the platform's success. With a total supply of 1 billion tokens, TEX tokens are potentially set to drive the platform's growth and foster a community directly invested in its prosperity. Invest In The Future of Poker With TEX Tokens TEX tokens are now available for purchase, allowing participants to contribute to the platform's liquidity and, in return, receive a portion of the platform's rake in staking rewards. The Texas HODL team believes that this innovative approach will ensure that, as Texas HODL expands, its community of token holders will directly benefit from the platform's success. TEX Token Roadmap: Phases of Opportunity Texas HODL's exciting TEX token roadmap is per the team "a bold vision set to soar as the platform expands". Phase one started with 130 million tokens available at $0.01 each, with an additional 20 million earmarked for airdrops. The funds will enhance the platform with new game modes and robust marketing campaigns. Phase two offers 250 million tokens at market value, focusing on completing the staking protocol, creating a transparent user dashboard, and aiming at building partnerships to drive Texas HODL's presence in the poker world. Phase three introduces 100 million tokens at fair value, targeting significant platform advancements, a global tournament series, and state-of-the-art AI customer support. The TEX Token Community Journey As Texas HODL continues to chart a course for success, they invite players to become part of this groundbreaking journey. Holding TEX tokens is more than gameplay; it's an entry into a community-driven platform where success is shared, making every HODLER a winner. About TEXAS HODL Texas HODL is revolutionizing online poker for the cryptocurrency era, offering the excitement of poker enhanced by Bitcoin's Lightning Network for fast, secure transactions. This platform blends the thrill of poker with the freedom of Bitcoin, fostering a community passionate about crypto and strategic play, alongside a rewarding affiliate system to encourage community growth. Users can visit texasHODL.net for more information Texas HODL is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Contact CEO Alex Von Kanel Lightcache Ltd alex@shango.tech This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here . here

Texas HODL Reveals: Transforming Poker with TEX Tokens On Lightning Network

টেক্সাস এইচওডিএল প্রকাশ করে: লাইটনিং নেটওয়ার্কে টেক্স টোকেন সহ পোকারকে রূপান্তর করা

Texas HODL enthüllt: Poker mit TEX-Token im Lightning Network revolutionieren

Texas HODL revela: Transformando el póquer con tokens TEX en Lightning Network

Texas HODL révèle : transformer le poker avec les jetons TEX sur Lightning Network

टेक्सास HODL ने खुलासा किया: लाइटनिंग नेटवर्क पर TEX टोकन के साथ पोकर का रूपांतरण

テキサス HODL が明かす: ライトニング ネットワーク上の TEX トークンでポーカーを変革

Texas HODL 공개: 라이트닝 네트워크에서 TEX 토큰으로 포커를 변화시키다

Texas HODL revela: transformando o pôquer com tokens TEX na Lightning Network

Техасский HODL раскрывает: трансформация покера с помощью токенов TEX в сети Lightning

Texas HODL Açıkladı: Lightning Network'te TEX Tokenlarıyla Pokeri Dönüştürüyor

Texas HODL tiết lộ: Chuyển đổi Poker bằng token TEX trên Lightning Network

Texas HODL 揭秘：利用闪电网络上的 TEX 代币改变扑克游戏

Understanding the Severity of Bankman-Fried's Crimes

240 Stories To Learn About Astounding Stories

Data is not just the new oil, but the very spark that ignites the fire of AI innovation. In 2022, the global AI market was $428 billion and is projected to reach over $2 trillion by 2030, growing at a compound annual growth rate (CAGR) of 21.6% (Fortune Business Insights). This growth is attributed to the rising adoption of AI in various sectors such as IT & Telecom, Healthcare, BFSI, Automotive, and Advertising & Media. The IT & Telecom sector, in particular, is expected to dominate the market due to the shift of business operations to the cloud and the resultant surge in data generation and demand for good data. valued at approximately Further, the integration of is becoming increasingly important. AI's role in extracting meaningful patterns from large datasets is seen as vital in overcoming challenges like data analysis trustworthiness and variations in raw data formats. AI in big data analytics Software solutions are leading the AI market, than 36.7% of global revenue in 2022. These solutions include AI applications such as text/content or speech recognition and deep learning technologies. Deep learning, in particular, is gaining prominence due to its ability to handle large volumes of data, accounting for around 36.4% of the global AI revenue in 2022. accounting for more The Data Dilemma: Paving the Way for AI's Future with Innovative Marketplaces As AI continues to shape our future, the quest for high-quality data has become akin to a modern-day gold rush. In this digital era, data isn't just numbers and facts; it's the lifeblood that fuels AI innovation. However, accessing this crucial resource is fraught with hurdles—high costs, limited availability, and concerns over integrity and security. Picture this: a young startup in Silicon Valley, teeming with ideas to revolutionize healthcare through AI, hits a roadblock—their advanced algorithms are only as good as the data they feed on. The scenario isn't uncommon. Across industries, from bustling tech hubs to quiet university labs, the thirst for data is unquenchable. AI data marketplaces These platforms are more than just a place to buy and sell data; they're the beating heart of the AI revolution. By providing a platform for the exchange of datasets, they're breaking down barriers that have long stifled innovation. Imagine a world where a small company in Chicago can access the same quality of data as a tech giant in Silicon Valley. These marketplaces are leveling the playing field, democratizing data access, and in turn, fostering a surge in AI development. But there's a twist in the tale—blockchain technology. It’s not just a buzzword; it's a game-changer for data transactions. With its promise of enhanced security and transparency, blockchain is transforming how data is exchanged, building trust in a landscape often marred by concerns over data misuse and privacy. And then there's the human aspect. These marketplaces aren't just about algorithms and datasets; they're about people. From professionals in Atlanta contributing their expertise to verify data, to students in Boston earning tokens for their participation, these platforms are creating a community of data enthusiasts, all contributing to the growth of AI. Ta-da's $3.5 Million Leap: Revolutionizing AI with a Groundbreaking Data Marketplace In a groundbreaking move, the AI data marketplace Ta-da has announced a remarkable achievement: the successful completion of a $3.5 million funding round. This milestone marks a significant leap forward in the quest to make high-quality AI data accessible and affordable—a quest that could redefine the landscape of AI innovation. The funding round, a collaborative effort of leading blockchain venture capitalists, was spearheaded by Dubai-based Morningstar Ventures, which has nurtured Ta-da since its inception in 2021. This fresh infusion of capital, led by the layer 1 blockchain protocol MultiversX, along with esteemed investors like GBV Capital, XVentures, NxGen, and Spark Digital Capital, is set to catapult Ta-da's vision into a tangible reality. The funds are earmarked for a crucial mission: to bolster Ta-da's infrastructure and propel its operations to new heights. With an eye on expansion, Ta-da is poised to enhance its marketing and communication strategies, grow its dynamic team, and commission rigorous security audits to independently verify the integrity of its trailblazing protocol. At its core, Ta-da was conceived as a solution to a pressing challenge that has long shackled the AI industry—the difficulty and prohibitive cost of obtaining high-quality AI data. By creating a competitive marketplace where businesses can readily acquire reliable datasets, Ta-da is not just solving a problem; it's igniting a revolution, enabling AI innovation to soar to unprecedented levels. But Ta-da's vision extends beyond corporations and into the realm of individual empowerment. The platform supports individuals who can earn tokens by recording and validating voice data. Through its gamified web3 application, Ta-da invites "checkers" to engage in microtasks, rewarding them for their contributions to the data they validate. In anticipation of the launch of its native app, Ta-da is set to conduct an Initial DEX Offering (IDO) on xLaunchpad, the official token launchpad of MultiversX. The brainchild of Vivoka, a pioneer in speech recognition solutions, Ta-da is the vision of CEO William Simonin, a serial entrepreneur with a passion for innovation. His brother, Hasheur, a leading web3 influencer and founder of , along with luminaries like Luc Julia, the creator of Apple's Siri, and Morningstar Ventures’ CEO Danilo Carlucci, form the backbone of Ta-da's advisory board. Meria.com With the AI data market predicted to grow at a 25% compound annual growth rate over the next decade, transforming into a $109 billion economy by 2023, Ta-da stands at the forefront of this burgeoning sector. By gamifying data collection and distribution, the company is not just capturing a slice of this rapidly growing market; it's also unlocking new incentives for web3 users. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our brand-as-author program. Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR

Ta-da Raises $3.5M to Build Out Its AI Data Marketplace

Ta-da তার AI ডেটা মার্কেটপ্লেস তৈরি করতে $3.5M সংগ্রহ করেছে

Ta-da sammelt 3,5 Millionen US-Dollar für den Ausbau seines KI-Datenmarktplatzes

Ta-da recauda 3,5 millones de dólares para desarrollar su mercado de datos de IA

Ta-da lève 3,5 millions de dollars pour développer son marché de données IA

टा-दा ने अपना एआई डेटा मार्केटप्लेस बनाने के लिए $3.5 मिलियन जुटाए

Ta-da が AI データ マーケットプレイスを構築するために 350 万ドルを調達

Ta-da, AI 데이터 마켓플레이스 구축을 위해 350만 달러 모금

Ta-da levanta US$ 3,5 milhões para desenvolver seu mercado de dados de IA

Ta-da привлекает 3,5 миллиона долларов для создания рынка данных искусственного интеллекта

Ta-da Yapay Zeka Veri Pazarını Geliştirmek İçin 3,5 Milyon Dolar Topladı

Ta-da huy động được 3,5 triệu đô la để xây dựng thị trường dữ liệu AI của mình

Ta-da 筹集 350 万美元用于构建人工智能数据市场

This paper is under CC BY-NC-SA 4.0 DEED license. available on arxiv Authors: (1) H. Wen, Department of Economics, University of Bath; (2) T. Huang, Faculty of Business and Law, University of Roehampton; (3) D. Xiao, School of Mathematical Sciences. Table of Links Abstract and Introduction Relevant Blockchain Technologies Basic Model Advanced Models for Real-World Scenarios Monte Carlo Simulations Conclusions, Future Investigations, and References 3. Basic Model In this section, we embark on a deep exploration of the foundational mechanisms underpinning our reputation-based blockchain. We initiate our discourse with the On-chain reputation system, elucidating how reputation metrics are embedded and maintained directly within the blockchain environment. Progressing further, we tackle the essential task of Connecting the real world to our digital framework, ensuring seamless integration and applicability. Recognizing the importance of clear foundational premises, we detail the Assumptions of the Gains or Losses for Any Agent, shedding light on the anticipated dynamics each participant might experience. This naturally leads us to an examination of the Distribution of Agent Actions within the system, offering insights into the varied interactions and behaviors exhibited by agents. Finally, we delve deep into the Action Analysis in Reputation Systems, providing a granular breakdown of the ripple effects and broader implications of agent activities within our reputation ecosystem. 3.1. On-chain reputation system The idea is to introduce a cross-rating system in the blockchain-based free market. All agent actions will be rated either positively or negatively by others using staked credit points. The incentive for rating lies in potential future profits, as the staked credit points for each comment will earn a profit if it aligns with the general sentiment (positive or negative) of future comments. Conversely, they will incur a loss if future comments contradict the initial sentiment. The more credit points one stakes, the higher the potential profit or loss one stands to gain based on future ratings. Simultaneously, this also amplifies the impact on all previous ratings in the same direction, reinforcing them if they align and diminishing them if they oppose. Here, an agent is defined as a blockchain wallet holder. An agent can choose to stake any amount of its credit points between 0 and the balance in the wallet minus the transaction fee (negligible at Layer 2 of the Ethereum blockchain [53, 54]). An agent can also distribute the amount across multiple wallets, but this won’t provide any advantage over operating as a single entity since weight is determined by credit point amounts, not the number of agents. The core proposition is to integrate a cross-rating system into the blockchain-based free market. Every agent’s action gets rated—either positively or negatively—by other agents leveraging staked credit points. The incentive for this rating mechanism emerges from potential future gains; the staked points for a comment will appreciate if subsequent comments resonate with its sentiment. In contrast, if future comments diverge, the staked points depreciate. The magnitude of potential gains or losses directly correlates with the number of staked credit points. Moreover, these stakes influence all preceding ratings in the same direction, either amplifying or attenuating them. In this context, an agent is delineated as a blockchain wallet holder. This agent can stake any quantity of its credit points, bounded between zero and the wallet balance after accounting for transaction fees. While agents can distribute their credit points across multiple wallets, this doesn’t confer any strategic advantage since the weight stems from the quantity of staked points, not the agent count. Figure 1 showcases an archetypal interaction round among agents within the reputation system. In any given round or block, agents, be it Alice, Bob, or any other participant, can partake in a mix of actions, ratings, or trades. For instance, if Alice rates Bob’s action positively in a round, Bob garners positive returns. On the other hand, a negative rating imposes a loss on Bob. Other agents can similarly rate Bob’s action within the round, influencing his credit point balance based on the rating’s nature. When delving deeper into ratings, if an agent’s rating of Bob’s action aligns with Alice’s sentiment, both Alice and that agent benefit. However, conflicting ratings lead to losses for both parties. The dynamic nature of potential gains and losses, contingent upon future ratings, fosters authentic feedback from agents, mitigating false ratings. Given that a significant portion of these ratings are genuine, the ecosystem offers a tangible advantage over traditional online platforms, which often grapple with counterfeit, low-cost ratings. Over time, this advantage is projected to burgeon, drawing an expanding user base. As the positive reinforcement loop of ratings solidifies, the continuously growing influence of the reputation system will inspire participants to proactively contribute, transforming these ratings into the system’s cornerstone. Such inherent positive externalities vouch for the sustainability of this reputation system, setting it apart from numerous other blockchain paradigms that lean heavily on credit point vesting, such as the renowned Chainlink 2.0 [18]. 3.2. Connecting the real world Following the introduction of ”soulbound credit points” by Ethereum’s co-founder, Vitalik Buterin [55, 56], and Elon Musk’s vision of integrating blockchain with Twitter accounts [57], a unique opportunity arises to associate each wallet address from the on-chain reputation system with a specific individual or entity in the real world. This association implies that actions undertaken offline could be evaluated, and these evaluations could subsequently result in tangible gains or losses based on evolving collective ratings. As blockchain continues to evolve and integrate with real world including Real World Assets (RWAs) [58, 59] via oracle or similar mechanisms, an increasing number of high-value economic activities are likely to find connections to the blockchain. Given the promising potentials discussed in Subsection 3.1, individuals with a higher risk tolerance might be incentivized to link their real-world actions to their blockchain wallet addresses. On the other hand, participants of the reputation system, essentially the wallet holders, are the ones recognizing the value of this association and are willing to submit their ratings in anticipation of future benefits. This sentiment is particularly pronounced during the initial phases of the project. Although speculators may invest in credit points expecting them to appreciate in value, they don’t possess a strong economic motive to submit misleading ratings. As a result, their activities should not compromise the system’s functionality. We’ll now transition from these theoretical underpinnings to a practical application, beginning with a rudimentary model. Let’s consider the following categories of agents participating in the reputation system: C1. Agents with Actions C2. Rating Participants C3. Investors Any given agent can belong to one, two, or all three of these categories simultaneously. C1 agents, due to potential gains or losses stemming from others’ ratings, are more likely to be responsive to rating if they have staked a higher number of credit points. It is logical to assume that agents staking more credit points will prioritize meeting consumer expectations. Since this staking information is transparent, consumers will naturally gravitate towards producers who have staked more credit points, creating an initial incentive for credit points purchase when someone decides to join the reputation system. While producers can also rate consumers, this mechanism naturally promotes responsible action across the board. To preserve individual privacy and provide flexibility in engagement, the model permits C1 agents to choose the amount they would like to stake – anywhere from zero to their full wallet balance (minus transaction fees) – for any given action they want to be rated on. The staking information is transparent on the chain, and therefore consumers may also use this information when choosing providers. They are more likely to prefer those who have staked more credit points due to the reasoning above. C2 agents similarly determine their staked amounts based on the confidence level of their beliefs when providing ratings. Since these agents are subject to potential gains or losses depending on the conformity of others’ ratings to the actions they have rated, they are incentivized to rate in a responsible and genuine manner. C3 agents, or traders between the credit points and other assets at anywhere external to the reputation system, are individuals who primarily buy or sell credit points without engaging in other actions within the system. Their actions are largely inconsequential to the reputation system’s functionity. However, traders could indirectly benefit the system in its initial phase by driving up credit point prices with their purchases. 3.3. Assumptions of the Gains or Losses for Any Agent Consider an agent i as a general example of any agent. We categorise its involvement in the reputation system into three parts: functioning as a C1, C2, and C3. Considering trader agents categorised as C3 are not directly affecting the credit point-number-based gains or losses of any other specific agents, we now focus on C1 and C2 categories and denote them as ”A” for action agents and ”R” for agents providing ratings. a category cannot exceed the credit points allocated for that specific category. This stipulation implies that every agent must earmark a specific portion of their credit for each staking category from the outset, and these cannot be liquidated until they are unstaked. In more advanced models, this foundational assumption can be replaced with intricate mechanisms that more closely mirror real-world scenarios, ensuring that total losses never surpass assets, even though total gains might exceed them. 3.4. Distribution of Agent Actions where x ∈ (−∞, ∞). where, once again, xi ∈ (−∞, ∞). Although this is an infinite interval, its cumulative distribution function (CDF) is: where the error function is defined as: 3.5. Action Analysis in Reputation Systems Considering a reputation system where agents rate each other based on action, we posit that an agent’s rating can either be positive or negative. Each agent’s action and rating can influence the gains or losses for others. Thus, the total gains agent i accrues from its participation in the reputation system are given by formula (6) Let us denote the probability of agent i providing a positive rating as P+ and that of negative rating as P−. The joint probabilities of rating interactions between i and j under different scenarios are: The chances that rating from two agents align in sentiment (either both positive or both negative) is: To ascertain whether the majority of agents will benefit from such a system without specially designed favourable mechanism, we examine the relative magnitude of probabilities for congruent rating (both positive or both negative) against incongruent rating. Specifically, we need to verify: Breaking it down and reordering: By the fundamental properties of real numbers, the square of any real number is always non-negative. This implies that the combined probability of agents giving congruent rating (either both positive or both negative) will always be at least as high as that of giving incongruent rating. Thus, when agents’ rating aligns, the majority in the system stands to benefit. This dynamic promotes a system where congruent ratings are more prevalent than incongruent ones, underscoring the collaborative nature of such reputation systems. In theory, this mechanism should encourage agents to participate actively in ratings. We can use Monte Carlo simulations to determine whether this is noticeable in practice.

Basic Intrinsic Integrity-Driven Rating Model for a Sustainable Reputation
System

Embarking on a Cosmic Odyssey: Namada's Innovative Testnet Campaign In a strategic move signaling a commitment to privacy-centric innovation, , a pioneering Layer-1 blockchain in the expansive Cosmos ecosystem, is gearing up to launch the "Namada Shielded Expedition." This groundbreaking incentivized testnet, set to kick off on January 15 and extend until month-end, offers participants an enticing opportunity to earn a share of 3% of Namada's total token supply. Termed as a multiplayer role-playing game, this testnet initiative acts as a precursor to Namada's eagerly awaited mainnet launch, slated for early 2024. Namada In blockchain technology, "Layer 1" refers to the underlying main blockchain network or protocol. It is the foundational layer that forms the basis for decentralized systems. Layer 1 blockchains are designed to be secure, transparent, and tamper-resistant, serving as the primary layer for processing and validating transactions. Layer 1 is foundational to the broader blockchain ecosystem, and innovations and improvements at this layer can have a profound impact on the overall efficiency, security, and functionality of decentralized applications and systems. Navigating Namada's Asteroid Mining Race At the heart of the "Namada Shielded Expedition" lies a distinctive gameplay element—the "asteroid mining race." Participants, including validators and users, engage in a competitive quest to accumulate ROIDs (points). These ROIDs, symbolic of network engagement and testing, serve as the currency to claim a slice of the enticing reward pool—30 million NAM tokens, equating to 3% of Namada's one billion total supply. Beyond the gamified experience, the Namada testnet serves a crucial dual purpose: rigorously testing the network's consensus algorithm, CometBFT, and assessing its Sybil resistance capabilities. Participants become integral players in scrutinizing Namada's features, especially its asset-agnostic privacy functionalities. This rigorous testing phase sets the stage for a robust and secure mainnet release, scheduled for early 2024. Understanding Namada: A Peek into the Layer-1 Blockchain Namada emerges as a beacon of innovation within the Cosmos ecosystem, positioned as a privacy-focused proof-of-stake Layer-1 blockchain protocol. Set to make its debut in the first quarter of 2024, Namada stands out by enabling asset-agnostic multichain privacy. Leveraging zero-knowledge proofs for seamless asset transfers across diverse blockchains, Namada provides a glimpse into the future of blockchain interoperability. The testnet incentives come hot on the heels of Namada's announcement of a community airdrop. A substantial allocation of 65 million NAM tokens (6.5% of the total supply) has been earmarked for researchers, developers, and stakers on Cosmos Hub and Osmosis blockchains. This strategic move aims to foster community engagement and reward those contributing to the growth of Namada's ecosystem. Namada's Testnet—A Prelude to Web3 Privacy Evolution Privacy in Web3 is a foundational principle that underscores the evolution of decentralized technologies. In contrast to traditional centralized systems, where user data is often concentrated and vulnerable to breaches, Web3 prioritizes user-centric privacy. This paradigm shift is driven by the integration of cryptographic techniques, such as zero-knowledge proofs, ensuring that transactions and interactions on the blockchain are private and secure. Users in the Web3 ecosystem have greater control over their personal information, as they can engage in decentralized applications without necessarily revealing identifiable data. The emphasis on privacy aligns with the broader ethos of decentralization, empowering individuals with the autonomy to navigate the digital landscape without compromising sensitive information. As Web3 continues to mature, the integration of robust privacy features remains a key focus, fostering trust and encouraging broader adoption by users who value data confidentiality in the decentralized era. As Namada takes the lead in championing privacy-focused blockchain solutions within the Cosmos ecosystem, its "Namada Shielded Expedition" serves as a prelude to the imminent evolution of Web3 privacy. This gamified testnet not only provides participants with a unique opportunity to partake in the groundbreaking journey of a Layer-1 blockchain but also contributes to fortifying Namada's foundations for a secure and innovative mainnet release. With its unwavering commitment to privacy, asset-agnostic multichain functionality, and a thriving community, Namada emerges as a promising player in the broader landscape of blockchain technology, poised to redefine the standards of privacy and interoperability. Don’t forget to like and share the story! *: This author is an independent contributor publishing via our . Be it through direct compensation, media partnerships, or networking, the author has a vested interest in the company/ies mentioned in this story. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR* Vested Interest Disclosure brand-as-author program

Beyond Boundaries: Namada's Testnet Expedition Redefines the Cosmos Landscape

সীমানা ছাড়িয়ে: নামাদার টেস্টনেট অভিযান কসমস ল্যান্ডস্কেপকে পুনরায় সংজ্ঞায়িত করে

Jenseits von Grenzen: Namadas Testnet-Expedition definiert die kosmische Landschaft neu

Más allá de los límites: la expedición Testnet de Namada redefine el panorama del cosmos

Au-delà des frontières : l'expédition Testnet de Namada redéfinit le paysage du cosmos

सीमाओं से परे: नमदा का टेस्टनेट अभियान ब्रह्मांड परिदृश्य को फिर से परिभाषित करता है

境界を超えて: ナマダのテストネット遠征が宇宙の風景を再定義する

경계 너머: Namada의 테스트넷 탐험은 코스모스 풍경을 재정의합니다

Além das fronteiras: a expedição Testnet de Namada redefine a paisagem do cosmos

За пределами границ: экспедиция тестовой сети Намады переосмысливает космический ландшафт

Sınırların Ötesinde: Namada'nın Testnet Keşif Gezisi Kozmos Manzarasını Yeniden Tanımlıyor

Vượt ra ngoài ranh giới: Cuộc thám hiểm Testnet của Namada định nghĩa lại cảnh quan vũ trụ

超越边界：Namada 的测试网探险重新定义了宇宙景观

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