Blockchain Press Releases
Agriculture Robots Market worth $40.1 billion by 2028 – Exclusive Report by MarketsandMarkets™
CHICAGO, Aug. 1, 2023 /PRNewswire/ — The Agriculture Robots Market is estimated at USD 13.5 billion in 2023 and is projected to reach USD 40.1 billion by 2028, at a CAGR of 24.3% from 2023 to 2028 according to a report published by MarketsandMarkets™. The agriculture robots market is experiencing robust growth and is poised to revolutionize the farming industry worldwide. With a growing need to address challenges like labor shortages, increasing demand for food, and the necessity for sustainable agricultural practices, the adoption of agriculture robots has gained significant momentum.
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The market scenario for agriculture robots is witnessing a steady increase in investments from both established companies and startups. Major players in the robotics industry are actively developing advanced robotic solutions tailored for various agricultural tasks. Additionally, governments and agricultural organizations are also encouraging the adoption of these technologies by providing subsidies and incentives to farmers. The market growth can be attributed to several factors. Firstly, the increasing trend of precision agriculture, driven by data-driven farming practices, is fueling the demand for robots equipped with advanced sensors and AI capabilities. These robots enable farmers to optimize resource usage, leading to improved productivity and reduced costs. Secondly, the rising awareness of sustainability and environmental concerns is driving the need for more efficient and eco-friendly farming methods. Agriculture robots offer precise application of inputs like fertilizers and pesticides, minimizing wastage and environmental impact. As the industry matures and technology becomes more accessible, the cost of agriculture robots is likely to decrease, further encouraging adoption among farmers of all scales. The agriculture robots market is expected to continue its growth trajectory, transforming the global farming landscape and contributing to a more sustainable and productive future for agriculture.
The type segment, by Unmanned Aerial Vehicles, is expected to account for the largest share in 2023.
Agriculture drones are revolutionizing the farming industry and promoting the transition toward digital agriculture. These unmanned aerial vehicles equipped with various sensors and imaging technologies have the potential to significantly change agriculture in several ways. Firstly, they enable precision farming practices by providing high-resolution imagery of crops and fields, helping farmers identify variations in soil health, moisture levels, and crop health. This allows for precise application of resources like water, fertilizers, and pesticides, optimizing their usage and minimizing waste. Additionally, drones equipped with thermal and multispectral cameras can monitor crops throughout their growth cycles, detecting pest infestations, diseases, or nutrient deficiencies early on, enabling farmers to take timely corrective actions and increasing overall crop productivity. The efficiency in data collection and analysis saves time and effort, allowing farmers to focus on strategic decision-making and better farm management practices, leading to increased efficiency and productivity. Moreover, the data-driven insights gathered by agriculture drones can be integrated with other digital technologies like farm management software and AI algorithms, helping farmers make data-driven decisions, predict crop yields, and optimize overall farm performance.
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The application segment, by Field Farming, is expected to dominate the market with the largest share in 2023.
Agriculture robots offer significant benefits in field farming by automating various tasks and providing valuable insights to farmers. These robots can perform tasks such as planting, seeding, weeding, spraying pesticides, and harvesting, reducing the reliance on manual labor and increasing efficiency.
The precision and accuracy of agriculture robots lead to optimized resource usage, including water, fertilizers, and pesticides, resulting in reduced costs and minimal environmental impact. Additionally, the data collected by these robots through advanced sensors and cameras allow farmers to monitor crop health, detect diseases, and assess soil conditions in real-time. This data-driven approach enables farmers to make informed decisions, implement targeted interventions, and maximize crop yields.
By automating labor-intensive tasks and streamlining operations, agriculture robots help farmers overcome labor shortages, increase productivity, and improve overall farm management. As a result, farmers can achieve higher yields, reduce production costs, and adopt more sustainable and environmentally friendly farming practices, ensuring a prosperous and resilient agricultural future.
North America is expected to account for the largest market share in 2023.
The agriculture robots market in North America is witnessing rapid growth, driven by various factors that are shaping the industry and encouraging the widespread adoption of robotic technologies in farming practices. North America is experiencing a decline in the availability of agricultural labor due to factors like urbanization and changing demographics. As labor costs rise, farmers are turning to agriculture robots to automate repetitive and labor-intensive tasks, reducing their dependency on human workers and mitigating the impact of labor shortages. The region is at the forefront of technological innovation, and the integration of advanced technologies like artificial intelligence, machine learning, and IoT (Internet of Things) has significantly enhanced the capabilities of agriculture robots. These cutting-edge technologies enable robots to make data-driven decisions, perform precise operations, and optimize farming practices, leading to increased efficiency and productivity. The presence of leading research institutions and companies dedicated to robotics and agriculture in North America has contributed to the accelerated growth of the agriculture robots market. Ongoing research and development efforts continue to push the boundaries of what agriculture robots can achieve, opening up new possibilities and applications.
The European agricultural machinery industry is one of the most developed in the world and is supported by the presence of global players, such as John Deere (US), Small Robot Company (UK), Earth Rover (UK), Saga Robotics (Norway), CNH Industrial (The Netherlands), and AGCO Corporation (US).
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Browse Adjacent Reports @ Agriculture Industry Market Research Reports & Consulting
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Post-Harvest Treatment Market by Type (Coatings, Ethylene Blockers, Cleaners, Fungicides, Sprout Inhibitors, Sanitizers), Crop Type (Fruits, Vegetables and Flowers & Ornamentals), Origin (Natural and Synthetic) and Region – Global Forecast to 2028
Plant Growth Regulators Market by Type (Auxins, Cytokinins, Gibberellins, Ethylene), Crop Type (Cereals & Grains, Fruits & Vegetables, Oilseeds & Pulses, Turf & Ornamentals), Formulation, Function and Region – Global Forecast to 2028
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
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Blockchain Press Releases
Bybit Web3 Wallet Integrates Tonstakers: The First of Its TON Staking Offerings to Expand DeFi Opportunities
DUBAI, UAE, Dec. 27, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange,is excited to announce the integration of Tonstakers, the leading liquid staking protocol on the TON blockchain, into its Web3 Wallet. This marks the first of Bybit Web3’s TON staking offerings, reinforcing its commitment to expanding decentralized finance (DeFi) opportunities for its users.
With this integration, Bybit Web3 Wallet users can now seamlessly stake Toncoin ($TON) and receive $tsTON (Tonstakers LST) in return. The value of $tsTON increases relative to $TON every 26 hours, ensuring competitive rewards while contributing to the growth and success of the TON ecosystem. The integration also opens the door for 130 million users in the TON ecosystem to access TON staking directly within the Bybit Web3 Wallet.
Bybit is dedicated to simplifying DeFi adoption by providing intuitive and user-friendly staking experiences. This milestone partnership with Tonstakers enables users to unlock annual returns estimated between 3% and 5% APY, with rewards automatically compounded, further cementing Bybit’s role as a leader in DeFi accessibility.
Why Tonstakers Matters: The First of Its Kind
Tonstakers is the inaugural partner in Bybit Web3’s TON staking initiative, setting a new standard for staking services. With a total value locked (TVL) exceeding $260 million and a significant market share in the liquid-staked TON sector, Tonstakers offers Bybit Web3 Wallet users unparalleled access to TON staking benefits:
- Effortless Staking: Securely stake $TON with ease, thanks to the user-friendly interface within the Bybit Web3 Wallet.
- Earn $tsTON Rewards: Receive tokenized staked Toncoin ($tsTON), which can be leveraged within DeFi applications across the TON ecosystem.
- Explore DeFi Liquidity: Engage with Tonstakers Earn to provide liquidity using $tsTON, unlocking diverse earning opportunities.
“Bybit Web3 is proud to deepen our integration with the TON blockchain, a crucial step in our mission to foster a thriving and interconnected Web3 ecosystem,” said Emily Bao, Head of Bybit Web3. “This integration empowers our users with seamless and trusted access to TON liquid staking pools and unlocks valuable earning opportunities. As a strong believer in DeFi adoption, Bybit Web3 is committed to bridging the gap between Web2 and Web3, creating simple, easy, and accessible solutions that bring the benefits of decentralized finance to a wider audience. We believe this integration will significantly contribute to the growth and success of the TON ecosystem.”
Start Staking Today To begin staking your $TON and earning with $tsTON, visit https://www.bybit.com/en/web3/staking and discover the power of Bybit Web3 Wallet’s integration with Tonstakers. Bybit Web3 Wallet currently supports a wide range of staking services beyond TON tokens, including ETH, USDT, USDC, bbSOL, SUI, and more.
#Bybit / #TheCryptoArk / #BybitWeb3
About Bybit Web3
Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.
Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally.
Join the revolution now and open the door to your Web3 future with Bybit.
For more details about Bybit Web3, please visit Bybit Web3.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
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Blockchain Press Releases
Nodepay Raises $7M Total Funding To Power AI Growth with Real-Time Data Infrastructure
SINGAPORE, Dec. 27, 2024 /PRNewswire/ — Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, today announced it has raised a second round of funding, bringing its total to $7 million.
The latest funding round welcomed new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.
Nodepay’s network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG).
Darren Nguyen, co-founder of Nodepay commented: “Our mission is to develop solutions that create tangible value for both AI developers and its end users. We give contributors a share in the AI ecosystem they help fundamentally build.”
Nodepay’s infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. Together, these components combine to create a fair, collaborative, and innovative AI ecosystem.
Eric Le, investment director of IDG Capital, said, “The team at Nodepay is democratizing the AI economy by providing a platform that allows users to share directly in the value they create. We’re proud to support their vision of making AI more accessible and beneficial to all.”
With this funding, Nodepay will continue to commercialize its infrastructure to benefit both its community and partner AI labs. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training.
Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users can expect further updates and new announcements through their social channels and official website.
About Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning idle internet bandwidth into a valuable resource, Nodepay fuels the next generation of AI models and stands at the forefront of AI decentralization.
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Blockchain Press Releases
Markets Show Resilience Ahead of End-of-Year Options Expirations: Bybit x Block Scholes Crypto Derivatives Report
DUBAI, UAE, Dec. 26, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, released the latest Crypto Derivatives Analytics Report in collaboration with Block Scholes, highlighting the muted market volatility despite major options expirations on Friday. BTC and ETH’s realized volatility has increased, but short-term options haven’t adjusted to this change. This indicates that while spot prices are fluctuating, the options market is not fully reacting to these shifts, although BTC and ETH volumes have displayed slightly different patterns.
With more than $525 million in BTC and ETH options contracts expiring on Dec 27, 2024’s end-of-year options expiration looks set to be one of the biggest yet, yet expectations for volatility have remained subdued. The report highlights an unusual inversion in ETH’s volatility structure, but BTC has not mirrored the reaction. Additionally, a change in funding rates—sometimes turning negative as spot prices drop—signals a new market phase. Notably, BTC’s volatility structure has been less responsive to changes in spot prices, whereas ETH’s short-term options are exhibiting more noticeable fluctuations.
Key Findings:
BTC Options Expirations:
In the past month, BTC’s realized volatility has been higher than implied volatility on three occasions, each time reaching a relatively calm equilibrium. Open interest in BTC options remains high, contributing to potential increased volatility as we near the end of the year. Around $360 million worth of BTC options (both puts and calls) are set to expire soon, which can affect price movement.
ETH Options: Calls Dominate
Despite a mid-week inversion, ETH’s volatility term structure has flattened, maintaining levels similar to those seen over the past month. In the final week of 2024, calls overwhelmed puts in open interest in ETH options, although market movements and trading activities are more on the put side.
Access the Full Report:
Gain deeper insights and explore the potential impacts on your crypto trading strategies by downloading the full report here: Bybit X Block Scholes Crypto Derivatives Analytics Report (Dec 24, 2024)
#Bybit / #BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
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