Blockchain Press Releases
Bitrue Report Uncovers Potential of Decentralized GPU Rental Market to Disrupt Big Tech’s Grip on AI Resources
SINGAPORE, April 25, 2024 /PRNewswire/ — A new report from the Bitrue throws down the gauntlet to Big Tech, highlighting how decentralized GPU (Graphics Processing Unit) rental markets could democratize access to computational power and disrupt the current AI resource landscape.
The report dives into the heart of the issue – the surging demand for GPUs fueled by the AI boom. It exposes the limitations of the current system, where high-performance GPUs remain the exclusive domain of tech giants and cloud providers. This creates a significant barrier to entry, leaving countless AI startups, researchers, and independent developers struggling to compete.
Beyond Cloud Giants: A Decentralized Future
The report unveils a potential game-changer – decentralized GPU rental markets. These innovative platforms offer individuals and organizations the ability to tap into a global pool of powerful GPUs, bypassing the high costs and limitations of traditional ownership and cloud services.
Key to this disruption are two key features:
- Harnessing the Power of the Crowd: Decentralized GPU rental platforms aggregate idle GPU resources from a vast network of contributors, creating a more inclusive and accessible user base. This approach not only empowers smaller players but also unlocks a wealth of currently underutilized computational power.
- Blockchain-powered Incentives: These markets leverage blockchain technology to create a secure and transparent system for resource allocation and revenue sharing. Tokenized incentives motivate both providers and consumers to participate in the network, fostering a collaborative and efficient ecosystem.
Democratizing AI and Beyond
The report goes beyond cost savings, highlighting the broader implications of decentralized GPU rentals. These platforms hold the potential to:
- Democratize AI Development: By breaking down the financial barrier to entry, decentralized GPU rentals empower a wider range of players to participate in the AI revolution. This fosters innovation and diversification in the field.
- Global Collaboration and Diverse Datasets: The global reach of these platforms facilitates international collaboration and the training of AI models on more diverse datasets, potentially mitigating bias often present in current models.
- A More Eco-friendly Future: By maximizing the utilization of existing GPU resources, decentralized markets promote a more sustainable and environmentally friendly approach to AI development.
Challenges and the Road Ahead
The report acknowledges the challenges facing this nascent market, including interoperability issues, scalability hurdles, user onboarding complexities, and the need for robust security measures. However, it remains optimistic about the future, emphasizing the collaborative spirit within the blockchain community and its potential to overcome these obstacles.
Bitrue Research Desk believes that decentralized GPU rental markets have the power to fundamentally change the way AI resources are accessed and utilized. This disruption could empower a new generation of innovators and reshape the landscape of AI development in the years to come.
The full report by Bitrue Research Desk delves deeper into this evolving technology and its potential impact. Interested parties can access the report for a comprehensive analysis.
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View original content:https://www.prnewswire.co.uk/news-releases/bitrue-report-uncovers-potential-of-decentralized-gpu-rental-market-to-disrupt-big-techs-grip-on-ai-resources-302127339.html
Blockchain Press Releases
Bitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options
VICTORIA, Seychelles, May 3, 2024 /PRNewswire/ — Leading digital asset exchange Bitrue continues its community-driven approach with the listing of a new Bitcoin Runes token, GPTV•AI•PEPE•KING (GPTV). This follows the recent addition of several other Bitcoin Runes tokens to the platform, including SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO), RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). Trading for the GPTV/USDT pair commenced on April 30th, 2024.
What is GPTV?
GPTV is the native token of AI PEPE KING, a project claiming to be the “largest AI Meme Community” with a presence on both the Polygon (AIPEPE) and Bitcoin Runes (GPTV) blockchains. Notably, AI PEPE KING secured a $10 million investment to develop AI-powered customer service tools leveraging the ChatGPT technology. Additionally, they are building a “Dream Lottery” system. Revenue generated from these products is earmarked for buybacks and burns of both AIPEPE and GPTV tokens, potentially influencing their long-term value.
Staking Opportunities with Attractive Yields
Bitrue is also offering users staking opportunities for those holding BTR, AIPEPE, RSIC, or DOG tokens. By staking their holdings, users can earn rewards in GPTV, with estimated annual percentage yield (APY) varying on the staked token, with BTR offering 22.15%, AIPEPE at 23.18%, RSIC boasting a higher 31.37%, and DOG coming in at 23.62%. These yields present a potentially lucrative opportunity for users to grow their cryptocurrency holdings, but also come with financial risk and the potential for investment to return much lower yields.
Bitrue’s Focus on Community Engagement
The listing of these Bitcoin Runes tokens is a testament to Bitrue’s commitment to its user base. The decision to add these tokens stemmed from a community poll conducted through an X poll on Bitrue’s X account. This highlights the exchange’s dedication to incorporating community feedback into its decision-making process, fostering a sense of collaboration and shared interest.
With the addition of GPTV and the introduction of staking opportunities, Bitrue continues to expand its offerings for users interested in the burgeoning world of Bitcoin Runes tokens. The exchange’s focus on community engagement further strengthens its position as a platform that prioritizes user input and satisfaction.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. With offices in Asia and Europe, the business continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.
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View original content:https://www.prnewswire.co.uk/news-releases/bitrue-expands-bitcoin-runes-offerings-with-gptv-listing-and-staking-options-302135402.html
Blockchain
ZettaBlock announces the addition of blockchain data
ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
Blockchain
Hong Kong joins global crypto ETF race
Hong Kong has entered the cryptocurrency ETF market with the debut of its first spot cryptocurrency exchange-traded funds (ETFs) on Tuesday, signaling the city’s ambition to compete with the US in the rapidly growing sector.
The launch, led by the Hong Kong units of three mainland Chinese asset managers — Bosera Asset Management, Harvest Global Investments, and China Asset Management — saw the introduction of two ETFs each tracking bitcoin and ether prices. Bosera’s funds were launched in collaboration with HashKey Capital.
On their debut, the three bitcoin ETFs closed between 1.5% and 1.8% higher, while the ether ETFs experienced slight losses of between 0.5% and 0.8%. Despite this, total trading turnover for all six ETFs, which included trading in US dollars, Hong Kong dollars, and renminbi, reached approximately HK$99.5 million (US$12.7 million). In comparison, US-based funds saw turnover exceeding $4 billion on their first trading day.
The move marks Hong Kong’s commitment to becoming a significant player in the cryptocurrency space, following its announcement in 2022 amid pandemic restrictions and increased Chinese oversight. Joseph Chan, Hong Kong’s under-secretary for financial services and the treasury, emphasized the city’s leading position in Asia’s crypto asset development during the ETF listing ceremony.
Prior to this, CSOP Asset Management had launched Hong Kong’s first bitcoin and ether futures ETFs in late 2022, following the publication of rules for spot ETFs by the Securities and Futures Commission in December.
In January, the US Securities and Exchange Commission approved the country’s first spot bitcoin ETFs, which have since attracted significant assets under management and net inflows. Robert Zhan, director of risk consulting at KPMG China, remains optimistic about the potential of the Hong Kong funds, despite current market sentiments and relatively flat prices of bitcoin and ether leading up to the launch.
The launch of crypto-linked funds by major Chinese asset managers has generated excitement within the industry, despite China’s strict cryptocurrency regulations. Donald Day, COO of Hong Kong-based digital asset exchange VDX, believes the new funds will cater to active investors unable or unwilling to trade during US hours.
Source: ft.com
The post Hong Kong joins global crypto ETF race appeared first on HIPTHER Alerts.
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