echo3D

echo3d

Welcome Founders! See other interviews here. Hey Hackers, echo3D has been nominated in HackerNoon's annual Startup of the Year awards in New York City, NY, USA. Please vote for us here: https://hackernoon.com/startups/north-america/north-america-manhattan-nyc-ny Read more about us below to understand why we deserve your vote. Meet echo3D echo3D ( ) is a 3D asset management platform that enables developers to manage, update, and stream 3D, AR/VR, Metaverse, & Spatial Computing content to real-time apps and games. www.echo3D.com We offer a 3D-first content management system (CMS) and delivery network (CDN), asset compression and conversion tools, and a scalable BaaS infrastructure that enable developers to build a 3D/AR/VR app backend in minutes, and then manage, process & stream 3D content to their 3D/AR/VR app or game in real-time & across devices. We serve over 65,000 developers using our SDKs to create real-time 3D experiences (for healthcare, entertainment, retail, gaming, training, and more) and have deployed AR+5G projects with both Verizon and AT&T. echo3D signed partnerships with , the world's leading game engine, , and . Unity3D NextNav (Nasdaq: NN) more echo3D is backed by Qualcomm Ventures, Konvoy Ventures, Remagine Ventures, Space Capital, and Techstars, and received grants from Y Combinator, Verizon, and NYC Media Lab. We the Auggie Award for Best Developer Tool at AWE 2023, the Best Web3 Award at CES 2023, were among LG's First 50, AR/VR finalists for SXSW 2020, won the DevProject Award 2019, among the 2019 Most Fundable Companies, one of the Top 25 finalists in Sir Richard Branson's Extreme Tech Challenge (XTC) 2019, and featured on , , , , and . won won named named named named VentureBeat The Hill XRToday Bold TV CTech How We're Disrupting/Improving the 3D Industry Building 3D applications is hard.  Our 3D asset management platform solves that. Developers struggle to create scalable and dynamic 3D/AR/VR apps. Today’s 3D/AR/VR apps are single-user experiences with static and hard-to-update content. It’s difficult to update 3D content across different platforms which often have platform-specific specifications. Developers struggle to onboard clients since any change in the app results in endless development cycles. In order to scale the development of front-end-heavy experiences like 3D/AR/VR apps, a cross-platform backend infrastructure is needed: “the AWS of 3D/AR/VR”. Before starting our company, we conduct interviews with developers who validated that key development tools are missing. We decided to build it for them. Today, we help developers and companies move their 3D assets to the cloud, allowing them to reduce their app size, update 3D content remotely, and stream new updates in real-time to different platforms, without the need to re-develop or re-deploy their apps. Businesses love us since we help them build better & more engaging 3D apps in a cost-effective way, and developers love us since we make their lives easier, with our seamless integration to all popular development environments, game engines, and XR frameworks and SDKs. Our mission is to help developers & companies manage and stream 3D assets and our vision is to become the #1 platform of cloud services for 3D apps Standing Out from The Crowd echo3D is redefining how people create 3D, Metaverse, augmented reality (AR), virtual reality (VR), and spatial computing experiences. We make it simple for developers to host, manage, and publish 3D content with our flexible cloud infrastructure, intuitive content management system, fast content delivery network, and other best-in-class tools. With a killer team of 3D industry experts and pioneers, we focus on providing the easiest way for developers (just like us!) to deliver fresh 3D content instantly with no redevelopment or redeployment needed. echo3D is proudly backed by Qualcomm Ventures, Konvoy Ventures, Remagine Ventures, Space Capital, and Techstars, and recently won the , Auggie Award for Best Developer Tool at AWE 2023 Our Predictions/Thoughts on the 3D Industry in 2023 When Apple releases something, the world pays attention — especially when it’s the long-anticipated XR headset they started R&D on in 2015. Along with the announcement of , Apple also announced , the operating system that the headset will run on. This additional catalyst for growth of the 3D industry will inspire more people to consider the need for 3D asset management. Apple Vision Pro visionOS More and more businesses are going 3D and offering AR/VR experiences for the , , Metaverse gaming healthcare, industrial use cases, entertainment, eCommerce & retail, marketing, education & training, and more. Platforms like already help you integrate into Apple’s development pipeline. echo3D Why we decided to participate in HackerNoon's Startup of the Year awards We’re looking to share our love of 3D software development and HackerNoon is one of the best places to engage with passionate developers. We offer the best way to manage 3D assets and offer all seasoned and aspiring developers a platform that enables them to manage, update, and stream 3D content in real-time to 3D/AR/VR apps and games across devices, and deliver fresh 3D content instantly with no redevelopment or redeployment needed. Start for free . here Final Thoughts echo3D has been nominated as Startup of the Year in Manhattan, NYC, North America. Vote for us today!

The Era of 3D Asset Management - Interview with Startups of the Year Nominee, echo3D

3D asset management refers to the process of organizing, tracking, optimizing and distributing 3D models and assets for use in various applications like games, films, AR/VR experiences, and more. 3D asset management is also known as 3D content management. With the growth of 3D content across industries like gaming, film, architecture, engineering and more, implementing an effective asset management workflow is crucial for increasing productivity, reducing errors, and streamlining workflows and enabling collaborative teams to work on complex 3D projects. In today's rapidly evolving technological landscape, 3D asset management has emerged as a pivotal component for businesses and industries heavily invested in digital content creation, visualization, and augmented reality (AR) or virtual reality (VR) applications. This guide provides an in-depth exploration of what 3D asset management entails, and the essential aspects required for effective 3D asset management tools. Asset Organization and Cataloging Thoughtful organization of 3D assets is foundational for later retrieval and reuse. Assets are typically organized in a hierarchical folder structure, ideally grouped into meaningful categories and with clear naming conventions. Beyond folders, assets can be cataloged in centralized databases with searchable metadata tags like model name, author, specifications, etc. Some common strategies include: Folder hierarchy - Logically nested folders helps group related assets. Taxonomy - A defined taxonomy creates a consistent naming and terminology system. Tagging - Metadata tags on assets enable searching and filtering of content. Asset databases - All assets cataloged in a central database or PDM system. Centralized libraries are needed so teams can easily find and reuse existing 3D assets instead of reinventing the wheel. Assets need to be logically organized and easy to find. A folder structure, tagging system, or database can help group related assets. Version Control Version control tracks changes to assets over time so users can reference the right asset version and revert to earlier versions if needed. It is important for teams to use the right asset iteration and for them to be able to roll back changes if needed. Managing versions of 3D assets is vital to track changes, revisions, and updates made by multiple team members during the design and development process. This ensures that the latest and most accurate versions are always accessible. Metadata and Tagging Adding metadata and other detailed info like model specs, textures, revision history enables easier version control and overall digital asset management. Assigning metadata and tags to 3D assets helps in comprehensive asset description, enabling swift and accurate searches within the asset management system. Most DAM tools will allow attaching notes and metadata to assets for better organization. Review and Approval Workflows Streamlined review and sign-off processes ensure assets meet project requirements. Review notes, change requests, and approvals can be added directly to 3D models and managed centrally. These workflows for reviewing, commenting on, and approving 3D assets before they are finalized are needed for ensuring the best result to a team’s project. Tools like also provide an online 3D viewer so teams can visually preview models. echo3D Format Conversions Assets may need conversion to different file formats for specific uses. The original authored format is retained, with automated pipelines generating targets like glTF for web viewing, USDZ for AR, etc. These assets can encompass a wide array of elements, including 3D models, textures, animations, virtual environments, and more. The goal is to streamline the handling of 3D content throughout its lifecycle, from creation to deployment by allowing for seamless format conversions. allows to to automatically convert 3D assets to and from OBJ, FBX, glTF, USDZ, or other formats. echo3D Optimization 3D optimizations prepare assets for target platforms, striking a balance of visual quality and performance. Optimizations may include: Polygon reduction to lower model complexity Texture compression for smaller file sizes Level of detail (LODs) for optimize models at different distances Baking textures and lighting into models echo3D helps optimize your content for minimal file size and maximum visual quality (10x compared to the Draco industry standard). Collaboration Enablement 3D asset management platforms enable collaborative workflows so globally distributed teams can jointly work on assets. Features like centralized libraries, version control, review systems, and permission controls are essential for smooth collaboration. Integration with other software and collaboration tools enhances productivity and facilitates seamless sharing and usage of 3D assets across various teams and projects. Access Control Controlling access to 3D assets based on roles and responsibilities is essential to maintain data security and integrity. Not all team members require the same level of access to assets, making access control crucial. Distribution and Integration Finally, finished 3D assets need to be securely distributed to end users in the appropriate format. Robust asset management solutions provide configurable export options, APIs for programmatic access, and can integrate with downstream engines and applications. DAM systems should allow for 3D assets to be hosted on their CMS and delivered through API to apps. What to Look for When Choosing a 3D DAM Tool Consider these features and benefits when searching for a 3D asset management platform: : A platform designed to scale with your needs, whether you're a small startup or a large enterprise. It should be able to handle a vast amount of 3D assets efficiently and effectively. Scalability : Any updates to 3D assets should be instantly propagated, ensuring that users always have access to the latest versions without delays or disruptions. Real-Time Updating : A DAM tools should provide robust security features and customizable access controls, allowing organizations to safeguard their valuable 3D assets and control who can access and modify them. Security and Access Control : An effective 3D content management system should seamlessly integrates with various platforms and tools, facilitating collaboration and smooth workflows across teams and projects. This ensures that everyone involved can work together efficiently. Integration and Collaboration : Platforms like also offer detailed analytics and insights into asset usage and performance. This data allows organizations to make informed decisions and optimize their 3D asset management strategies. Comprehensive Analytics echo3D Conclusion Overall effective 3D asset management touches all stages of the 3D content lifecycle. Implementing the right tools and workflows results in tangible improvements in 3D project efficiency and quality. 3D asset management is essential for modern businesses and industries working extensively with 3D content. As detailed, effective 3D asset management involves organizing, version control, metadata, access control, and collaboration. Tools like echo3D play a crucial role in efficient management for organizations seeking reliable and powerful solutions for 3D asset management. echo3D ( ) is a 3D asset management for developers & companies to store, secure, and share 3D content in real-time across organizations. www.echo3D.com

A Comprehensive Overview of 3D Asset Management

3D সম্পদ ব্যবস্থাপনার একটি ব্যাপক ওভারভিউ

Ein umfassender Überblick über das 3D-Asset-Management

Una descripción general completa de la gestión de activos 3D

Un aperçu complet de la gestion des actifs 3D

3डी एसेट मैनेजमेंट का व्यापक अवलोकन

3D アセット管理の包括的な概要

3D 자산 관리의 종합적인 개요

Uma visão geral abrangente do gerenciamento de ativos 3D

Комплексный обзор управления 3D-активами

3D Varlık Yönetimine Kapsamlı Bir Bakış

Tổng quan toàn diện về quản lý tài sản 3D

3D 资产管理全面概述

Can’t wait for a sequel for Nicolas Cage And John Travolta’s Face/Off movie? Then create your own simple augmented reality (AR) face swapping demo application with Unity, AR Foundation, and echoAR! The full demo can also be found on echoAR’s . GitHub Register Don’t have an API key? Make sure to register for FREE at . echoAR Setup Create a new Unity project. Clone the sample code. Unity-ARFoundation-echoAR Open the sample scene under . AR Foundation\Scenes\FaceTracking\FaceMesh.unity in the script inside the using the Inspector. Set the API key echoAR.cs echoAR\echoAR.prefab by uploading one of the files from the folder to the console. Add an image hologram face-#.jpg assets Overwrite the existing script with the new file. echoAR/CustomBehaviour.cs CustomBehaviour.cs Build & Run . Verify that the scene is ticked in the in Build list and click . Build and run the AR application AR Foundation\Scenes\FaceTracking\FaceMesh Scenes Build And Run Learn More & Get Support Refer to our to learn more about how to use Unity and echoAR. Feel free to reach out at or join our . documentation support@echoAR.xyz support channel on Slack echoAR ( http://www.echoAR.xyz ; Techstars ’19) is a cloud platform for augmented reality (AR) and virtual reality (VR) that provides tools and server-side infrastructure to help developers & companies quickly build and deploy AR/VR apps and experiences.

How to Build an AR Face Swap App in 15 Minutes or Less

The team drew a lot of inspiration from the message shared by Marc Andreessen of Andreessen Horowitz (a16z) about this being the “ . Our team believes these undoubtedly challenging times are an opportunity for developers, hackers, and creators to build innovative augmented reality (AR) applications and experiences. echoAR time to build ” We wanted to share some great quotes about augmented reality from great thinkers that inspire us everyday, with the hopes that they will inspire more people to create, build, invest, design and engage with this exciting frontier technology: “I regard [AR] as a big idea, like the smartphone. The smartphone is for everyone, we don’t have to think the iPhone is about a certain demographic, or country or vertical market: it’s for everyone. I think AR is that big, it’s huge. I get excited because of the things that could be done that could improve a lot of lives.” — Tim Cook Tim Cook, CEO of Apple Inc. “I feel that Augmented reality is perhaps the ultimate computer.” — Satya Nadella “When we get to this [AR] world, a lot of the things we think about today as physical objects, like a TV, will be $1 apps in an AR app store” — Mark Zukerberg “I’m excited about AR because… AR allows individuals to be present in the world but hopefully allows an improvement on what’s happening presently. Most people don’t want to lock themselves out from the world…” — Tim Cook “ [AR] is the direction that I think is far more interesting and promising — for technology and, really, for humanity. AR is designed to add, enhance the things you do as a human being: Being outside, socializing with other people, shopping, playing, having fun. AR can make all those things better.” — John Hanke John Hanke, CEO of Niantic, Inc. “Looking to the future, the next big step will be for the very concept of the ‘device’ to fade away” — Sundar Pichai “I do think that a significant portion of the population of developed countries, and eventually all countries, will have AR experiences every day, almost like eating three meals a day. It will become that much a part of you.” — Tim Cook “The tools today are primitive. And people aren’t using primitive tools because they prefer primitive tools. They’re using primitive tools because we’re still early on the journey to creating better tools.” — Mark Zuckerberg Sundar Pichai, CEO of Alphabet Inc. “We’re now building the best backend for the most frontend industry of all time” — Alon Grinshpoon “Well we believe that augmented reality is one of those new mediums that could be as big as if not bigger than the web. One of the areas where consumers adopt something new is when it makes something drastically easier. When I think about augmented reality I think about instances like finding your way somewhere, finding your friends in a stadium, or going to a conference and looking around and knowing who everyone is because their LinkedIn profile is hanging over their heads… I think we will start finding a lot of things like that where AR just removes friction” — Scott Belsky “Think about how many of the things you use don’t actually need to be physical. You want to play a board game? You snap your fingers, and here’s the board game. You want to watch TV? You don’t need a physical hardware TV, you buy a one-dollar app ‘TV’ and put it on the wall.” — Mark Zuckerberg Mark Zuckerberg, CEO of Facebook, Inc. “There will be hundreds of millions of phones that will be AR ready. And the current stage is … we are helping developers … build the experiences … so that it becomes a daily habit. And once it does, I suspect the natural evolution of monetization comes through. Augmented reality (will become) a core feature…” — Amit Singh “At echoAR, we’re obsessed with making developers’ lives easier. Millions of users are rallying behind AR technologies and we’re building the cloud to connect them all” — Alon Grinshpoon “Augmented reality gives you the ability to see the world, but also to be able to overlay digital objects on top of that… So that means that today, if I want to show my friends a photo, I pull out my phone and I have a small version of the photo. In the future, you’ll be able to snap your fingers and pull out a photo and make it as big as you want, and with your AR glasses you’ll be able to show it to people, and they’ll be able to see it.” — Mark Zukerberg “Think back to 2008, when the App Store went live. There was the initial round of apps and people looked at them and said, ‘this is not anything, mobile apps are not going to take off’. And then step by step things start to move. And it is sort of a curve, it was just exponential — and now you couldn’t imagine your life without apps. AR is like that. It will be that dramatic.” — Tim Cook Did we miss any other great quotes about AR? Let us know on our Slack channel . Looking for more inspiration for innovative uses of AR? Check out the Inspiration page on our console . It contains links to great use cases of AR and examples of incredible projects, some of which have been created with the help of echoAR. Want your project to be featured too? Let us know at inspire@echoAR.xyz .

15 Augmented Reality Quotes Every Tech Professional Should Read

Augmented Reality (AR) is transforming the way we work. The rapid growth of computing power and the maturation of 5G capabilities are feeding the development of AR technologies, and making AR systems more flexible and accessible for use in the workplace. These use cases include boosting worker productivity, enhancing collaboration, and increasing workplace safety. Consider a scenario in which you want to digitize an image of an object from your physical space and place it into your PowerPoint or Keynote presentation. First, you would take a picture using your camera phone or another digital camera. Next, you would probably connect the phone or camera to your computer via either a USB cable, memory card, or a cloud drive and transfer the photo. At this point, you would need to crop or edit the image to remove any unnecessary background. Finally, you would drag the image from the correct folder and drop it into your document. This is a process we have become accustomed to, so we may not realize the number of steps, devices, and applications it takes to accomplish an otherwise straightforward task. © Cyril Diagne Now, imagine you can use a single app on your mobile device to capture a perfectly-cropped digital image of the object and drop it into a document that lives on your computer. With the release of the app (currently in beta), you will be able to do just that. AR Copy Paste This app presents a time-saving value by allowing you to consolidate steps in the typical image capture and upload process, so you can work faster, spend more energy on other tasks, and be more productive overall. With AR, apps like AR Copy Paste are able to bridge the gap between the real world and the digital world, allowing graphic designers, editors, marketers, and other professionals to interact more efficiently between the two realms. Scan this QR code with your phone to see something awesome! or go directly to https://go.echoar.xyz/LVQc with your phone browser. You can to the echoAR platform for free to create this yourself! sign up In addition to increasing personal productivity, AR also has the ability to enhance the productiveness of teams by supporting remote collaboration. Now more than ever, there is a growing demand for creating an effective remote workplace. is one tool that leverages AR to allow people to work together virtually and seamlessly. Put on a set of AR goggles to see your virtual workspace. You can hold meetings with coworkers who appear as digital avatars of themselves in your environment, without any travel required. You can write, share, and manipulate virtual sticky notes with your hands for brainstorming sessions with teammates. Spatial The information you share through Spatial is dynamic and not limited by the size of your computer screen or your physical proximity to your colleagues. Applications like Spatial highlight the ways in which AR can be used to bring people and ideas together digitally, thereby creating a more connected work environment. © Spatial Systems, Inc. Finally, AR is being applied in industrial settings and changing the way we train workers, ensure high-quality output, and enhance workers’ safety. BMW’s production group, for example, employs AR-based applications in order to virtually train their employees in areas such as engine assembly and lean processes, with trainees viewing digital visuals and instructions through AR goggles for step-by-step instruction. Along these lines, AR can also be used to help with quality control by equipping inspectors with wearable glasses that show assistive information during inspections. , an agricultural equipment manufacturer, uses such glasses when manufacturing glass to replace computers and tablets, which are not easily accessible or are hard to manage during the time of inspection. AGCO Lastly, in other applications, AR combined with geographic information system (GIS) technology can improve safety by making it possible for industrial workers to virtually see what is beneath their work surface, whether it be pipes, cables, or other utilities they need to avoid. © BMW Group AR is making our workplaces smarter, more productive, and safer. Helping to further these advancements and make AR even more accessible, echoAR is a 3D-ready cloud platform for AR and virtual reality (VR) that provides tools and server-side infrastructure to help developers and companies quickly build and deploy AR/VR apps and experiences. The echoAR platform allows you to build your backend in minutes, easily manage 3D content, and deliver that content anywhere. echoAR ( http://www.echoAR.xyz ; Techstars ’19) is a cloud platform for augmented reality (AR) and virtual reality (VR) that provides tools and server-side infrastructure to help developers & companies quickly build and deploy AR/VR apps and experiences.

Why Augmented Reality is the Future of the Work Environment

Uruguay’s President Luis Lacalle Pou signed a bill in October to regulate cryptocurrency in the country. The new law, which was initially proposed over two years ago, recognizes cryptocurrency as virtual assets and gives the Uruguayan Central Bank the power to regulate the currency. The Central Bank will be responsible for overseeing virtual assets service providers (VASPs) and granting them permits, while it will be the job of the Superintendence of Financial Service (SSF) to identify exchanges, wallets, and miners that can be considered VASPs. While several Latin American countries have enacted crypto regulations — including some with volatile economic and political landscapes like El Salvador, Venezuela and Argentina — Uruguay’s stable democracy could set a precedent for crypto regulation in the rest of Latin America. Crypto regulation around LatAm Along with Uruguay, ten other Latin American and Caribbean countries have introduced frameworks regulating the use of cryptocurrency, including Brazil, Venezuela, and Argentina: the latter of which has been ranked the top country in Latin America for crypto value received. Between July 2023 and June 2024, Argentina received an estimated $91.1 billion worth of crypto, while Brazil received approximately $90.3 billion. In Mexico, a fintech regulation bill has been in place since March 2018. Cryptocurrencies are recognized as “virtual assets,” and there is no law in place prohibiting the exchange of cryptocurrency for services or operations. Cryptocurrencies can thus be used as payment in establishments that accept them as a form of payment, and there are machines that can buy bitcoin from or sell it to customers. In El Salvador, Bitcoin has been recognized as legal tender, with Bitcoin ATMs emerging across the country and the government announcing plans for a “Bitcoin City.” However, journalist Katarina Hall recently reported the significant difficulties she faced trying to spend it, with all establishments she visited refusing to accept Bitcoin as payment. Not all Latin American countries have been so open to the development of cryptocurrency. In Honduras, the government has expressed concern about the significant risks associated with unregulated currency and has prohibited banks from handling cryptocurrency in any capacity. Meanwhile, the Guatemalan government strongly advises against the use of cryptocurrencies; although they are technically permitted, they are not recognized in a legislative framework and they do not function as a legal means of payment. Uruguay can be considered the most politically and economically stable out of the Latin American countries that have established a legal framework for crypto thus far. The Economist’s 2023 Democracy Index found Uruguay to have a democracy score of 8.66 out of 10, ranking 14th in the world, and making it the most democratic country in the Americas. In 2023, Uruguay had a Gross Domestic Product (GDP) per capita of approximately $22,565, while Venezuela’s was estimated to be $3,740. Is Uruguay setting a precedent for crypto regulation in the region? The strong position Uruguay finds itself in could well set a precedent for other Latin American countries in similarly stable circumstances. By regulating cryptocurrency, Uruguay is not only legitimizing and lending credibility to virtual assets, but also increasing confidence among potential investors and users, including those in surrounding countries. Emiliano Zapata, Uruguayan Blockchain Developer and Professor at the ORT University in Montevideo, spoke to Latin America Reports about the future of crypto in Uruguay. He explained that, as things stand, crypto is not yet “widely adopted” in Uruguay despite assumptions that Latin American countries tend to use crypto “because it solves a lot of issues.” He noted that in neighboring Argentina there are significantly more “day-to-day people” who use crypto regularly. While Zapata does not believe that the regulation of crypto will necessarily lead to an increase in the quotidian use of crypto in everyday scenarios, he believes that the new law could “be extremely useful for business development” in the country. Zapata elaborated on the conditions which make Uruguay a favorable location for the expansion of crypto, explaining that Uruguay tends to be perceived as a constantly stable country without any “heavily polarized landscape,” even in spite of the recent election period. He explained, “This kind of stability fosters a good environment to develop any kind of commercial activity here in Uruguay,” something which he believes “separates us a little bit from the rest of the majority of Latin America.” Although Zapata noted that Uruguay’s tradition of being “conservative” may risk limiting the full potential of crypto, he said that the country has “all the conditions” necessary to become one of the Latin American leaders in the industry. While Zapata acknowledged that the power assigned to the Central Bank and the recognition of crypto in a legal framework will “add layers of bureaucracy and regulation”, he said that this is necessary to provide the “security and the safety” needed to “develop either local or foreign projects” in Uruguay. Martín Benítez Aramendía, Vice President of the Uruguayan Chamber of Fintech and Head of Business Development at financial payments company Ripio, echoed Zarpata’s observations. He told Latin America Reports that Uruguay functions as “a hub for business,” given that Uruguay “is the most economically and legally stable country in the region,” which creates “a natural and organic interest in cryptocurrency in Uruguay.” Benítez explains that this interest has manifested itself in investments and payments between Uruguay and Asian countries, including China. Benítez added that, due to the recent economic crisis, many Argentinians have based themselves in Uruguay, where they partake in cryptocurrency transactions. He explained, “There’s a natural use of cryptocurrencies in Uruguay, but it is also influenced by Argentina and Brazil, which have their operations here.” In most Latin American countries, he said, cryptocurrency “is primarily used for investments, not as an investment asset itself,” but noted that Argentina is an exception from this rule, where “it is used daily, especially for commerce and access to dollars.” For countries like Argentina, “Cryptocurrencies have provided a solution that the market wasn’t offering.” He described the new law as a “very positive” move, pointing out that there had long been concerns that it might not get passed at all. Now, the Uruguayan Fintech Chamber’s hope is that the Central Bank will be prompt in clarifying the regulations it will impose on crypto companies, so that Uruguay can “consolidate the advantage” it currently has over other countries which are still developing their own laws. Elizabeth Bratton, The Sociable Uruguay’s President Luis Lacalle Pou signed a bill in October to regulate cryptocurrency in the country. The new law , which was initially proposed over two years ago, recognizes cryptocurrency as virtual assets and gives the Uruguayan Central Bank the power to regulate the currency. new law The Central Bank will be responsible for overseeing virtual assets service providers (VASPs) and granting them permits, while it will be the job of the Superintendence of Financial Service (SSF) to identify exchanges, wallets, and miners that can be considered VASPs. responsible While several Latin American countries have enacted crypto regulations — including some with volatile economic and political landscapes like El Salvador, Venezuela and Argentina — Uruguay’s stable democracy could set a precedent for crypto regulation in the rest of Latin America. Crypto regulation around LatAm Crypto regulation around LatAm Along with Uruguay, ten other Latin American and Caribbean countries have introduced frameworks regulating the use of cryptocurrency, including Brazil, Venezuela, and Argentina: the latter of which has been ranked the top country in Latin America for crypto value received. Between July 2023 and June 2024, Argentina received an estimated $91.1 billion worth of crypto, while Brazil received approximately $90.3 billion. ranked In Mexico , a fintech regulation bill has been in place since March 2018. Cryptocurrencies are recognized as “virtual assets,” and there is no law in place prohibiting the exchange of cryptocurrency for services or operations. Cryptocurrencies can thus be used as payment in establishments that accept them as a form of payment, and there are machines that can buy bitcoin from or sell it to customers. Mexico bitcoin In El Salvador, Bitcoin has been recognized as legal tender, with Bitcoin ATMs emerging across the country and the government announcing plans for a “Bitcoin City.” However, journalist Katarina Hall recently reported the significant difficulties she faced trying to spend it, with all establishments she visited refusing to accept Bitcoin as payment. reported Not all Latin American countries have been so open to the development of cryptocurrency. In Honduras , the government has expressed concern about the significant risks associated with unregulated currency and has prohibited banks from handling cryptocurrency in any capacity. Meanwhile, the Guatemalan government strongly advises against the use of cryptocurrencies; although they are technically permitted, they are not recognized in a legislative framework and they do not function as a legal means of payment. Honduras Guatemalan Uruguay can be considered the most politically and economically stable out of the Latin American countries that have established a legal framework for crypto thus far. The Economist’s 2023 Democracy Index found Uruguay to have a democracy score of 8.66 out of 10, ranking 14th in the world, and making it the most democratic country in the Americas. In 2023, Uruguay had a Gross Domestic Product (GDP) per capita of approximately $22,565, while Venezuela’s was estimated to be $3,740. The Economist’s 2023 Democracy Index Uruguay Is Uruguay setting a precedent for crypto regulation in the region? Is Uruguay setting a precedent for crypto regulation in the region? The strong position Uruguay finds itself in could well set a precedent for other Latin American countries in similarly stable circumstances. By regulating cryptocurrency, Uruguay is not only legitimizing and lending credibility to virtual assets, but also increasing confidence among potential investors and users, including those in surrounding countries. Emiliano Zapata, Uruguayan Blockchain Developer and Professor at the ORT University in Montevideo, spoke to Latin America Reports about the future of crypto in Uruguay. He explained that, as things stand, crypto is not yet “widely adopted” in Uruguay despite assumptions that Latin American countries tend to use crypto “because it solves a lot of issues.” Latin America Reports He noted that in neighboring Argentina there are significantly more “day-to-day people” who use crypto regularly. While Zapata does not believe that the regulation of crypto will necessarily lead to an increase in the quotidian use of crypto in everyday scenarios, he believes that the new law could “be extremely useful for business development” in the country. Zapata elaborated on the conditions which make Uruguay a favorable location for the expansion of crypto, explaining that Uruguay tends to be perceived as a constantly stable country without any “heavily polarized landscape,” even in spite of the recent election period. He explained, “This kind of stability fosters a good environment to develop any kind of commercial activity here in Uruguay,” something which he believes “separates us a little bit from the rest of the majority of Latin America.” Although Zapata noted that Uruguay’s tradition of being “conservative” may risk limiting the full potential of crypto, he said that the country has “all the conditions” necessary to become one of the Latin American leaders in the industry. While Zapata acknowledged that the power assigned to the Central Bank and the recognition of crypto in a legal framework will “add layers of bureaucracy and regulation”, he said that this is necessary to provide the “security and the safety” needed to “develop either local or foreign projects” in Uruguay. Martín Benítez Aramendía, Vice President of the Uruguayan Chamber of Fintech and Head of Business Development at financial payments company Ripio, echoed Zarpata’s observations. He told Latin America Reports that Uruguay functions as “a hub for business,” given that Uruguay “is the most economically and legally stable country in the region,” which creates “a natural and organic interest in cryptocurrency in Uruguay.” Benítez explains that this interest has manifested itself in investments and payments between Uruguay and Asian countries, including China. Latin America Reports Benítez added that, due to the recent economic crisis, many Argentinians have based themselves in Uruguay, where they partake in cryptocurrency transactions. He explained, “There’s a natural use of cryptocurrencies in Uruguay, but it is also influenced by Argentina and Brazil, which have their operations here.” In most Latin American countries, he said, cryptocurrency “is primarily used for investments, not as an investment asset itself,” but noted that Argentina is an exception from this rule, where “it is used daily, especially for commerce and access to dollars.” For countries like Argentina, “Cryptocurrencies have provided a solution that the market wasn’t offering.” He described the new law as a “very positive” move, pointing out that there had long been concerns that it might not get passed at all. Now, the Uruguayan Fintech Chamber’s hope is that the Central Bank will be prompt in clarifying the regulations it will impose on crypto companies, so that Uruguay can “consolidate the advantage” it currently has over other countries which are still developing their own laws. Elizabeth Bratton, The Sociable Elizabeth Bratton , The Sociable Elizabeth Bratton Elizabeth Bratton

Can Uruguay's New Crypto Regulation Set a Precedent for Latin America?

This morning, after watching President-Elect Donald Trump's announcement regarding his plan to "shatter" the censorship regime, I experienced a profound epiphany. The discussion surrounding free speech and the manipulation of information sparked thoughts about the potential for change in the current political landscape, particularly concerning figures like Edward Snowden. For years, Snowden has been a polarizing figure—celebrated by many as a whistleblower and condemned by others as a traitor. His revelations about government surveillance practices opened a critical dialogue about privacy, security, and the role of government in the lives of citizens. Yet, despite the importance of his contributions to public discourse, he has remained in exile, away from his homeland. In Trump's speech, he emphasized the need to dismantle what he described as a "censorship cartel" created by various entities, including government agencies and corporate media. This call to action resonated with me, especially when considering Snowden's situation. If there is indeed a movement towards restoring free speech and challenging the status quo, could this pave the way for Snowden's return to the United States? Since 2013, Snowden has made a life for himself in Russia. His story has become emblematic of the complex relationship between government secrecy and the public's right to know. The speech I watched, with its bold promises about preventing federal agencies from "colluding" to control information and its calls for investigations into what it termed "online censorship," made me wonder about the possibility of change. The words echoed through the transcript – departments like Homeland Security, Health and Human Services, the FBI, and Department of Justice all mentioned by name. Each reference carried the weight of potential transformation in how our government handles information and those who choose to reveal it. President Trump's emphasis on "reclaiming" free speech struck a particular chord, though the reality of whistleblower protection remains far more complex than any single speech or policy proposal can address. Just as Julian Assange recently returned to Australia, there may be hope for Snowden as well. The political climate appears to be shifting, with more citizens becoming aware of the importance of transparency and the dangers of unchecked power. If the Trump administration truly prioritizes the restoration of free speech, it might also reconsider the stance towards those who have fought for that very principle. Snowden's return would not only symbolize a victory for whistleblowers everywhere but also serve as a reminder that accountability and justice can prevail. It is essential for our democracy to embrace those who have risked everything to expose the truth. As we look towards the future, the light at the end of the tunnel seems brighter. With ongoing conversations about censorship and the rights of individuals, perhaps we are on the brink of a significant shift. It is time to advocate for a system where whistleblowers are protected and celebrated rather than vilified. In conclusion, my hope for Edward Snowden's return is intertwined with the broader movement towards reclaiming free speech and accountability. As we navigate these complex issues, let us remain vigilant and support those who dare to stand up for the truth, for they are the ones who illuminate the path toward a more just society. This piece represents my own personal observations and thoughts on complex issues. Readers should pursue their own research and consult official sources for ground-truthing. Follow me here on Hackernoon for more insights and updates. This morning, after watching President-Elect Donald Trump's announcement regarding his plan to "shatter" the censorship regime, I experienced a profound epiphany. The discussion surrounding free speech and the manipulation of information sparked thoughts about the potential for change in the current political landscape, particularly concerning figures like Edward Snowden. For years, Snowden has been a polarizing figure—celebrated by many as a whistleblower and condemned by others as a traitor. His revelations about government surveillance practices opened a critical dialogue about privacy, security, and the role of government in the lives of citizens. Yet, despite the importance of his contributions to public discourse, he has remained in exile, away from his homeland. In Trump's speech, he emphasized the need to dismantle what he described as a "censorship cartel" created by various entities, including government agencies and corporate media. This call to action resonated with me, especially when considering Snowden's situation. If there is indeed a movement towards restoring free speech and challenging the status quo, could this pave the way for Snowden's return to the United States? Since 2013, Snowden has made a life for himself in Russia. His story has become emblematic of the complex relationship between government secrecy and the public's right to know. The speech I watched, with its bold promises about preventing federal agencies from "colluding" to control information and its calls for investigations into what it termed "online censorship," made me wonder about the possibility of change. The words echoed through the transcript – departments like Homeland Security, Health and Human Services, the FBI, and Department of Justice all mentioned by name. Each reference carried the weight of potential transformation in how our government handles information and those who choose to reveal it. President Trump's emphasis on "reclaiming" free speech struck a particular chord, though the reality of whistleblower protection remains far more complex than any single speech or policy proposal can address. Just as Julian Assange recently returned to Australia, there may be hope for Snowden as well. The political climate appears to be shifting, with more citizens becoming aware of the importance of transparency and the dangers of unchecked power. If the Trump administration truly prioritizes the restoration of free speech, it might also reconsider the stance towards those who have fought for that very principle. Snowden's return would not only symbolize a victory for whistleblowers everywhere but also serve as a reminder that accountability and justice can prevail. It is essential for our democracy to embrace those who have risked everything to expose the truth. As we look towards the future, the light at the end of the tunnel seems brighter. With ongoing conversations about censorship and the rights of individuals, perhaps we are on the brink of a significant shift. It is time to advocate for a system where whistleblowers are protected and celebrated rather than vilified. In conclusion, my hope for Edward Snowden's return is intertwined with the broader movement towards reclaiming free speech and accountability. As we navigate these complex issues, let us remain vigilant and support those who dare to stand up for the truth, for they are the ones who illuminate the path toward a more just society. This piece represents my own personal observations and thoughts on complex issues. Readers should pursue their own research and consult official sources for ground-truthing. Follow me here on Hackernoon for more insights and updates. This piece represents my own personal observations and thoughts on complex issues. Readers should pursue their own research and consult official sources for ground-truthing. Follow me here on Hackernoon for more insights and updates. Hackernoon

Finding Hope: The Possibility of Edward Snowden's Return

আশার খোঁজ: এডওয়ার্ড স্নোডেনের প্রত্যাবর্তনের সম্ভাবনা

Hoffnung finden: Die Möglichkeit einer Rückkehr von Edward Snowden

Encontrando esperanza: la posibilidad del regreso de Edward Snowden

Trouver l'espoir : la possibilité du retour d'Edward Snowden

आशा की तलाश: एडवर्ड स्नोडेन की वापसी की संभावना

希望を見つける：エドワード・スノーデンの復帰の可能性

희망을 찾다: 에드워드 스노든의 귀환 가능성

Encontrando esperança: a possibilidade do retorno de Edward Snowden

В поисках надежды: возможность возвращения Эдварда Сноудена

Umut Bulmak: Edward Snowden'ın Geri Dönme İhtimali

Tìm kiếm hy vọng: Khả năng Edward Snowden trở về

寻找希望：爱德华·斯诺登回归的可能性

LONDON, United Kingdom, October 16th, 2024/Chainwire/--Neon EVM Pioneers the Network Extension Category on Solana, Ushering in a New Era of Unified Growth. Neon EVM, a leading Ethereum Virtual Machine (EVM) on Solana, formally adopts Solana Network Extension as a product category, perfectly capturing the essence of this new category. Network Extensions fill a critical gap in the Solana ecosystem. By offering a formal category for projects that natively extend Solana’s functionalities, Neon EVM provides clarity to developers, investors, and users alike. Traditionally, the positioning resulted from the inherent nature of Neon EVM and various other projects (MagicBlock, MetaPlex, etc.) since these are not typical Layer 1 or Layer 2 blockchains. Unlike traditional rollups, L2s, or sidechains, Neon EVM is a program deployed directly on Solana’s blockchain and relies upon its settlement, consensus, and data availability. Today, this makes Neon EVM part of an emerging product category known as Network Extensions—a native, composable expansion of Solana’s core capabilities, stirring up debate. The controversy sparking the Network Extensions category Solana’s Network Extensions sparked controversy in September 2024, with co-founder Anatoly Yakovenko calling Ethereum’s L2 solutions “parasitic.” Yakovenko argued that L2s drain liquidity and fragment the ecosystem, a view echoed by Solana advocates who said L2s create a disjointed user experience. In contrast, Yakovenko claimed Solana’s Network Extensions are “natively composable” and enhance the core chain without pulling liquidity. Supporters emphasized that they are not disguised L2s but maintain a direct connection to Solana’s base layer, enabling seamless composability without Ethereum’s issues. Network Extensions differ fundamentally from L2s. Unlocking Seamless Ethereum Compatibility on Solana: Neon EVM as a Native Network Extension Solana sees its Network Extensions as specialised modules that broaden the L1 blockchain’s core functionalities. These extensions natively integrate with the Solana base layer, allowing new capabilities to be added while preserving the core performance and composability of the underlying L1 chain. Neon EVM epitomises this concept by enabling Ethereum compatibility for dApps while maintaining an execution environment with Solana. Neon isn’t a typical L2—it runs as an EVM (Ethereum Virtual Machine) on Solana’s blockchain, providing compatibility with Ethereum-based applications while remaining fully integrated with Solana's L1. Unlike Optimistic or ZK Rollups, Neon doesn’t process transactions off-chain, but via Neon Proxy. Instead, it allows developers to deploy Ethereum dApps on Solana, leveraging Solana's core capabilities— and no Rust coding is needed. Neon EVM seamlessly integrates with Solana at the protocol level and maps Ethereum transactions directly into Solana instructions, leveraging Solana's advanced Sealevel transactional infrastructure. As a result, dApps running on Neon EVM benefit from Solana's high-throughput environment and unparalleled scalability, enabling parallel processing and efficient execution. This technology positions Neon EVM as a key player in enhancing the accessibility and composability of blockchain applications to the Solana ecosystem. The Solana Foundation team has reiterated Neon EVM’s role as a Network Extension on social media platform X, as seen in the post below, while Anatoly Yakovenko, co-founder of Solana, has clearly stated that Neon EVM is definitely not an L2. Davide Menegaldo, CCO of Neon EVM and highlights the importance of network extensions, stating, “Network Extensions offer a powerful way to enhance and augment the capabilities of blockchain networks like Solana without the downsides typically associated with traditional scalability solutions.” Menegaldo further takes a deep dive and explains the key to determining Network Extensions: Unified Liquidity: By operating within the same liquidity pool, Network Extensions prevent the liquidity fragmentation that often occurs with Layer 2s or sidechains, ensuring a more unified and efficient ecosystem.
Enhanced User Experience: The user gets to use native wallets and tools with ease, abstracting away all complexities associated with multi-chain and fragmented environments.
Remains native to the host chain, extending core functionality: Network Extensions are deeply integrated into the base layer and do not compete with or directly overlap it. They expand Solana's capabilities by adding new features, new execution environments, storage or consensus capabilities, NFT functionalities without replacing the core functionalities of the underlying Solana environment. Projects like MagicBlock with Ephemeral rollups, and MarginFi, are creating tools, services, and infrastructure that don’t always fit into well-defined single categories of L1 and L2 terminologies. To fully comply with the definition of Network Extensions, Neon EVM will abstract away the complexities of the EVM layer, ensuring a seamless experience for users. EVM developers can fast-track their deployment on Solana without needing to chart the complexities of Rust. Solana users can interact with these dApps through their preferred wallets, such as Phantom, Backpack, or Solflare, paying gas fees in Solana-native currency. This composable and intuitive user experience ensures that while the technology behind these applications is Ethereum-compatible, the end-user will benefit from a unified user experience - without even noticing the underlying Ethereum-like codebase powering the dApps. Neon EVM drives innovation in Solana, expanding beyond traditional blockchain models Network Extensions in the Solana ecosystem are setting a new precedent for how blockchain infrastructure can evolve beyond the traditional L1 and L2 models. As Solana continues its growth trajectory with Firedancer and many upcoming updates, Neon EVM is poised to play a pivotal role in accelerating innovation, bringing unparalleled growth opportunities to developers and users alike. The future of blockchain is extensible, and Neon EVM is poised to lead the charge beyond the standard pathways. About Neon EVM Neon EVM is the first of its kind—a Network Extension on Solana—designed to seamlessly integrate Ethereum Virtual Machine (EVM) compatibility into Solana’s high-performance ecosystem. By operating natively within Solana’s base layer, Neon EVM provides Ethereum developers with a fast, high-throughput pathway to deploy their EVM dApps on Solana, without the need Rust coding, separate blockchain layers, or fragmented liquidity. It enhances the composability of dApps while preserving Solana's core advantages. Neon EVM expands Solana’s capabilities, offering a unified experience where Ethereum-based projects can thrive with the speed and scalability Solana is known for. For more information about Neon EVM, users can visit neonevm.org and connect with the community on Twitter or Discord. Contact Marketing Manager Shailey Singh Neon EVM shailey@neonfoundation.io This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here. LONDON, United Kingdom, October 16th, 2024/Chainwire/--Neon EVM Pioneers the Network Extension Category on Solana, Ushering in a New Era of Unified Growth. Neon EVM, a leading Ethereum Virtual Machine (EVM) on Solana, formally adopts Solana Network Extension as a product category, perfectly capturing the essence of this new category. Network Extensions fill a critical gap in the Solana ecosystem. By offering a formal category for projects that natively extend Solana’s functionalities, Neon EVM provides clarity to developers, investors, and users alike. Traditionally, the positioning resulted from the inherent nature of Neon EVM and various other projects (MagicBlock, MetaPlex, etc.) since these are not typical Layer 1 or Layer 2 blockchains. Unlike traditional rollups, L2s, or sidechains, Neon EVM is a program deployed directly on Solana’s blockchain and relies upon its settlement, consensus, and data availability. Today, this makes Neon EVM part of an emerging product category known as Network Extensions—a native, composable expansion of Solana’s core capabilities, stirring up debate. The controversy sparking the Network Extensions category Solana’s Network Extensions sparked controversy in September 2024, with co-founder Anatoly Yakovenko calling Ethereum’s L2 solutions “parasitic.” Yakovenko argued that L2s drain liquidity and fragment the ecosystem, a view echoed by Solana advocates who said L2s create a disjointed user experience. In contrast, Yakovenko claimed Solana’s Network Extensions are “natively composable” and enhance the core chain without pulling liquidity. Supporters emphasized that they are not disguised L2s but maintain a direct connection to Solana’s base layer, enabling seamless composability without Ethereum’s issues. Network Extensions differ fundamentally from L2s. Unlocking Seamless Ethereum Compatibility on Solana: Neon EVM as a Native Network Extension Solana sees its Network Extensions as specialised modules that broaden the L1 blockchain’s core functionalities. These extensions natively integrate with the Solana base layer, allowing new capabilities to be added while preserving the core performance and composability of the underlying L1 chain. Neon EVM epitomises this concept by enabling Ethereum compatibility for dApps while maintaining an execution environment with Solana. Neon isn’t a typical L2—it runs as an EVM (Ethereum Virtual Machine) on Solana’s blockchain, providing compatibility with Ethereum-based applications while remaining fully integrated with Solana's L1. Unlike Optimistic or ZK Rollups, Neon doesn’t process transactions off-chain, but via Neon Proxy. Instead, it allows developers to deploy Ethereum dApps on Solana, leveraging Solana's core capabilities— and no Rust coding is needed. Neon EVM seamlessly integrates with Solana at the protocol level and maps Ethereum transactions directly into Solana instructions, leveraging Solana's advanced Sealevel transactional infrastructure. As a result, dApps running on Neon EVM benefit from Solana's high-throughput environment and unparalleled scalability, enabling parallel processing and efficient execution. This technology positions Neon EVM as a key player in enhancing the accessibility and composability of blockchain applications to the Solana ecosystem. The Solana Foundation team has reiterated Neon EVM’s role as a Network Extension on social media platform X, as seen in the post below, while Anatoly Yakovenko, co-founder of Solana, has clearly stated that Neon EVM is definitely not an L2. Davide Menegaldo, CCO of Neon EVM and highlights the importance of network extensions, stating, “Network Extensions offer a powerful way to enhance and augment the capabilities of blockchain networks like Solana without the downsides typically associated with traditional scalability solutions.” Davide Menegaldo, CCO of Neon EVM and highlights the importance of network extensions, stating, “Network Extensions offer a powerful way to enhance and augment the capabilities of blockchain networks like Solana without the downsides typically associated with traditional scalability solutions.” Menegaldo further takes a deep dive and explains the key to determining Network Extensions: Unified Liquidity: By operating within the same liquidity pool, Network Extensions prevent the liquidity fragmentation that often occurs with Layer 2s or sidechains, ensuring a more unified and efficient ecosystem. Enhanced User Experience: The user gets to use native wallets and tools with ease, abstracting away all complexities associated with multi-chain and fragmented environments. Remains native to the host chain, extending core functionality: Network Extensions are deeply integrated into the base layer and do not compete with or directly overlap it. They expand Solana's capabilities by adding new features, new execution environments, storage or consensus capabilities, NFT functionalities without replacing the core functionalities of the underlying Solana environment. Unified Liquidity: By operating within the same liquidity pool, Network Extensions prevent the liquidity fragmentation that often occurs with Layer 2s or sidechains, ensuring a more unified and efficient ecosystem. Enhanced User Experience: The user gets to use native wallets and tools with ease, abstracting away all complexities associated with multi-chain and fragmented environments. Remains native to the host chain, extending core functionality: Network Extensions are deeply integrated into the base layer and do not compete with or directly overlap it. They expand Solana's capabilities by adding new features, new execution environments, storage or consensus capabilities, NFT functionalities without replacing the core functionalities of the underlying Solana environment. Projects like MagicBlock with Ephemeral rollups, and MarginFi, are creating tools, services, and infrastructure that don’t always fit into well-defined single categories of L1 and L2 terminologies. To fully comply with the definition of Network Extensions, Neon EVM will abstract away the complexities of the EVM layer, ensuring a seamless experience for users. EVM developers can fast-track their deployment on Solana without needing to chart the complexities of Rust. Solana users can interact with these dApps through their preferred wallets, such as Phantom, Backpack, or Solflare, paying gas fees in Solana-native currency. This composable and intuitive user experience ensures that while the technology behind these applications is Ethereum-compatible, the end-user will benefit from a unified user experience - without even noticing the underlying Ethereum-like codebase powering the dApps. Neon EVM drives innovation in Solana, expanding beyond traditional blockchain models Network Extensions in the Solana ecosystem are setting a new precedent for how blockchain infrastructure can evolve beyond the traditional L1 and L2 models. As Solana continues its growth trajectory with Firedancer and many upcoming updates, Neon EVM is poised to play a pivotal role in accelerating innovation, bringing unparalleled growth opportunities to developers and users alike. The future of blockchain is extensible, and Neon EVM is poised to lead the charge beyond the standard pathways. About Neon EVM Neon EVM is the first of its kind—a Network Extension on Solana—designed to seamlessly integrate Ethereum Virtual Machine (EVM) compatibility into Solana’s high-performance ecosystem. By operating natively within Solana’s base layer, Neon EVM provides Ethereum developers with a fast, high-throughput pathway to deploy their EVM dApps on Solana, without the need Rust coding, separate blockchain layers, or fragmented liquidity. It enhances the composability of dApps while preserving Solana's core advantages. Neon EVM expands Solana’s capabilities, offering a unified experience where Ethereum-based projects can thrive with the speed and scalability Solana is known for. For more information about Neon EVM, users can visit neonevm.org and connect with the community on Twitter or Discord. neonevm.org Contact Marketing Manager Shailey Singh Neon EVM shailey@neonfoundation.io shailey@neonfoundation.io 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 here

Neon EVM Adopts Network Extensions To Redefine Solana's Product Categories

Neon EVM تعتمد امتدادات الشبكة لإعادة تعريف فئات منتجات Solana

Neon EVM vedtager netværksudvidelser for at omdefinere Solanas produktkategorier

Neon EVM adopta extensiones de red para redefinir las categorías de productos de Solana

Neon EVM adopte des extensions de réseau pour redéfinir les catégories de produits de Solana

Neon EVM adopta extensións de rede para redefinir as categorías de produtos de Solana

Neon EVM がネットワーク拡張機能を採用し、Solana の製品カテゴリを再定義

Neon EVM ទទួលយកផ្នែកបន្ថែមបណ្តាញដើម្បីកំណត់ប្រភេទផលិតផលរបស់ Solana ឡើងវិញ

Neon EVM pieņem tīkla paplašinājumus, lai atkārtoti definētu Solana produktu kategorijas

नियोन EVM ले सोलानाको उत्पादन कोटीहरू पुन: परिभाषित गर्न नेटवर्क विस्तारहरू अपनाउछ

Neon EVM adota extensões de rede para redefinir as categorias de produtos da Solana

Neon EVM Llika mast'ariykunata chaskikun Solanapa Rurukuna Categorías nisqakunata musuqmanta riqsichinapaq

Neon EVM Yemera Kwagura Umuyoboro Kugarura Ibicuruzwa bya Solana

It’s no secret that it’s the golden age of AI. Whether for business or personal use, everyone is on it. According to a recent McKinsey survey, 65% of organizations are regularly using generative AI in their businesses. And businesses are placing a lot of faith in AI: Forbes Advisor research shows that a staggering 97% of leaders believe ChatGPT will benefit their business. Yet, organizations should move carefully when using these solutions. A recent experiment we conducted at Gramener found that even AI is not immune to bias. People are biased, so randomness is somewhat of a challenge for us. That’s why we may turn to tools such as AI to do that. However, our study’s results revealed that we can’t use AI to escape bias. Let’s dive into the unexpected study results and briefly explain why this was the case. The Biggest AI Chatbots Aren’t Objective In the study, Gramener’s engineers asked three popular large language models (LLMs)—Open AI’s GPT-3.5 Turbo, Anthropic’s Claude 3 Haiku, and Google’s Gemini 1.0 Pro—to pick a random number between zero and 100. According to the experiment, a good random number generator would pick all numbers with equal probability. Specifically, there’s a 1% chance of picking any number. However, the results reveal a clear bias across all three LLMs. Each model had a preferred number, with those ending in 7 particularly popular. According to the experiment, Open AI’s GPT-3.5 loves 47, although 42 was its previous favorite according to a study from last year. Claude 3 Haiku’s go-to is 42, and what’s worth noting is that GPT 3.5 was used to train Haiku. Is it possible that the bias is ‘hereditary’? Finally, Google Gemini 1.0 Pro really likes 72, but 42 was its second most popular number. You don’t need to have a degree in advanced mathematics to see a pattern here. And with all three models rejecting repeated digits (11, 33, 44, etc.) and loving 42 (shout out to Douglas Adams’ The Hitchhiker’s Guide to the Galaxy), it’s hard not to spot a bias. LLMs Are Created In Our Image You could say that this bias was eerily human-like. Each LLM echoed a human approach to selecting a number. Particularly, those picky traits, like avoiding double digits, highlight that ultimate bias. The fact is that AI models simply don’t understand what ‘random’ as a concept is. It boils down to how they were originally trained and what data was used for them to respond to prompts such as ‘pick a random number.’ While there were some open-ended questions from the study, it’s worth remembering that LLMs are as smart—and as biased—as the humans who originally trained them. Although AI can’t ‘think’ for itself, we’re only hitting the tip of the iceberg when it comes to LLM psychology. It’s no secret that it’s the golden age of AI. Whether for business or personal use, everyone is on it. According to a recent McKinsey survey, 65% of organizations are regularly using generative AI in their businesses. And businesses are placing a lot of faith in AI: Forbes Advisor research shows that a staggering 97% of leaders believe ChatGPT will benefit their business. 65% of organizations 65% of organizations 97% of leaders 97% of leaders Yet, organizations should move carefully when using these solutions. A recent experiment we conducted at Gramener found that even AI is not immune to bias. People are biased, so randomness is somewhat of a challenge for us. That’s why we may turn to tools such as AI to do that. recent experiment we conducted at Gramener recent experiment we conducted at Gramener However, our study’s results revealed that we can’t use AI to escape bias. Let’s dive into the unexpected study results and briefly explain why this was the case. The Biggest AI Chatbots Aren’t Objective In the study, Gramener’s engineers asked three popular large language models (LLMs)—Open AI’s GPT-3.5 Turbo, Anthropic’s Claude 3 Haiku, and Google’s Gemini 1.0 Pro—to pick a random number between zero and 100. According to the experiment, a good random number generator would pick all numbers with equal probability. Specifically, there’s a 1% chance of picking any number. However, the results reveal a clear bias across all three LLMs. Each model had a preferred number, with those ending in 7 particularly popular. According to the experiment, Open AI’s GPT-3.5 loves 47, although 42 was its previous favorite according to a study from last year . Claude 3 Haiku’s go-to is 42, and what’s worth noting is that GPT 3.5 was used to train Haiku. Is it possible that the bias is ‘hereditary’? Finally, Google Gemini 1.0 Pro really likes 72, but 42 was its second most popular number. a study from last year a study from last year You don’t need to have a degree in advanced mathematics to see a pattern here. And with all three models rejecting repeated digits (11, 33, 44, etc.) and loving 42 (shout out to Douglas Adams’ The Hitchhiker’s Guide to the Galaxy ), it’s hard not to spot a bias. The Hitchhiker’s Guide to the Galaxy LLMs Are Created In Our Image You could say that this bias was eerily human-like. Each LLM echoed a human approach to selecting a number. Particularly, those picky traits, like avoiding double digits, highlight that ultimate bias. The fact is that AI models simply don’t understand what ‘random’ as a concept is. It boils down to how they were originally trained and what data was used for them to respond to prompts such as ‘pick a random number.’ While there were some open-ended questions from the study, it’s worth remembering that LLMs are as smart—and as biased—as the humans who originally trained them. Although AI can’t ‘think’ for itself, we’re only hitting the tip of the iceberg when it comes to LLM psychology.

AI Is Playing Favorite With Numbers

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