In July 2024, Web3 and blockchain projects raised $1.17B, led by @iris_energy with $413.4M. Key investments: Alps Blockchain $113M, Skild AI $300M. This surge highlights blockchain and AI’s growing influence. #Update #Blockchain #AI
Telegram Games aim to bring 30% of users, about 500M people, to Web3 by 2028. Despite low engagement and retention, a 5% conversion rate could make TON a leader in blockchain gaming. #Update #BlockchainGaming
Layer 1 ($BTC, $ETH) forms blockchain’s core, handling data and consensus. Layer 2 (Lightning Network, Optimistic Rollups) improves speed and scalability. Layer 3 (Arbitrum Orbit) enhances customization. Parachains (Polkadot) and sidechains (Polygon) solve specific challenges. #Update #BlockchainTech
Cardano founder @IOHK_Charles announces the Chang fork, set for June, which will mark the “Age of Voltaire.” This upgrade will enable self-sustainability, full decentralization, and advanced governance for the blockchain. #Cardano #Update
Ethereum leverages rollup-centric Layer-2 solutions to enhance scalability, while NEAR Protocol uses sharding for faster transactions and simpler user experiences. Both approaches tackle blockchain scalability differently. #Blockchain #Update $ETH $NEAR
Tether’s $USDT supply on @ton_blockchain surged by $580M in under two months, reaching $519M. Growth driven by ease of transactions and increased investor interest. Binance’s integration also expanded access. #Update #CryptoNews
Ethereum, launched on July 30, 2015, by Vitalik Buterin, celebrates nine years of innovation. Transitioning from Proof-of-Work to Proof-of-Stake in 2022, the network reduced fees with the Dencun update in 2024. ETH now trades over $3300, down from $4868 in 2021.
Nigeria’s government is training 1,000 youths in AI and blockchain, aiming to boost its economy as the global AI market approaches $190 billion by 2025, enhancing job opportunities and innovation.
Nigeria, a leader in Africa’s crypto market, aims for over $2 billion in blockchain value by 2025, highlighting the vital role of private sector collaboration for technological success.
Nigeria has launched an annual tech training program for 1,000 citizens, focusing on AI, blockchain, and advanced technologies. Supported by a 150,000 naira grant for SMEs, this initiative aims to position Nigeria as a global tech leader. #Update @NITDANigeria #TechTraining #NigeriaTech
Ukraine explores blockchain in government sector for land registry, customs, and real estate. Key projects include State Land Cadastre, Customs Service, and the e-hryvnia by @NBUkraine. Blockchain aims to prevent data manipulation and boost cybersecurity. #Blockchain #Update
Grayscale Investments launched the Grayscale Decentralized AI Fund, focusing on blockchain-based AI projects. The fund holds NEAR and RNDR tokens, making up over 57% of its assets. It’s rebalanced quarterly and targets AI solutions like chatbots and neural networks. #Update #Blockchain #AI
Barcelona will host the European Blockchain Convention 2023 this September, featuring experts from @0xPolygon, @krakenfx, and @blockchain. EBC10 will cover digital assets, Web3, and DeFi, with 100+ sessions, startup battles, and exclusive social events. #BlockchainConvention #Update
Blockchain abstraction is making blockchain tech more user-friendly. @NEARProtocol, Particle Network, and Arcana lead with tools for wallet management, cross-blockchain transactions, and gasless transactions. This trend boosts the accessibility of decentralized apps while posing new security challenges. #Blockchain #Update
