Blockchain Press Releases
Livepeer launches subnet for AI compute to process generative video
Livepeer AI tackles one of the most pressing challenges of the AI boom: the exponential demand for AI compute capacity
NEW YORK, May 21, 2024 /PRNewswire/ — Open video infrastructure network Livepeer has announced the launch of its AI subnet. As the usage of generative AI increases, there’s a commensurate need for more adaptable, dynamic access to AI compute capabilities for builders, creators and developers, says Livepeer CEO Doug Petkanics:
“AI inference is one of the most costly and compute heavy challenges with generative AI,” says Livepeer CEO Doug Petkanics. “Our global network of decentralized nodes can serve the growing demand for AI compute – demand that will only grow exponentially as text-to-video models become embedded across entertainment, social media and gaming.”
The Livepeer AI subnet allows hardware providers to earn fees for contributing their GPUs for AI inference jobs such as text-to-image, text-to-video and image-to-video. The subnet is a fork of the main Livepeer network, which enables new AI capabilities while still using the Livepeer protocol for discovery and payments to nodes.
The goal of the subnet launch is to on-board nodes to support Livepeer’s new AI capabilities, perform testing and collect data from strategic test partners that benchmark the cost effectiveness of the Livepeer network for performing AI inference at scale, continues Petkanics:
“After validation, the team will merge these capabilities into the core Livepeer clients, add additional job types, and grow the ecosystem around leveraging additional forms of AI-based video compute. The goal is to enable AI developers to bring their own models, weights, fine-tunings, or deploy custom LoRAs on top of existing foundational models within the network. These will give the ultimate flexibility to developers, who can design bespoke workflows to support any type of AI media compute need imaginable.”
The team is currently targeting an August launch for the Livepeer AI mainnet, which will allow builders, creators and developers to leverage Livepeer’s cost-efficient, reliable and scalable infrastructure for all of their generative AI compute needs.
Livepeer joins the C2PA to fight deepfakes
Livepeer is the first open infrastructure network to join the Coalition for Content Provenance and Authenticity (C2PA), an open technical standard providing publishers, creators, and consumers the ability to trace the origin of different types of media. Other members include TikTok, Adobe, Google, Sony, Intel, BBC, Microsoft and OpenAI.
“When it comes to AI, content provenance is difficult,” says Petkanics. “The infrastructure layer is ideally positioned to be a crucial stopgap for misinformation, as it can seamlessly fingerprint content as it moves from creation to editing, distribution and consumption. We’re committed to supporting content authenticity wherever possible to rebuild trust and embed verifiable metadata that enables attribution at each stage of the content lifecycle.”
Learn more at livepeer.ai.
Media inquiries:
[email protected]
About Livepeer
Founded in 2017 by Doug Petkanics and Eric Tang, Livepeer is an open video infrastructure network for transcoding video and processing generative video. Learn more at livepeer.org.
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A new Ethereum meme coin, Pochita ($POCHITA), has made headlines after skyrocketing in value shortly after its launch. According to on-chain data, one trader turned an initial investment of $3,000 into $150,000 in under three hours, reflecting a near-5000% profit. This rapid surge has drawn comparisons to other meme coins like Bonk ($BONK), which gained significant attention in the Solana ecosystem.
Pochita launched on October 2, 2024, quickly reaching a $20 million market cap within 9 hours, despite the broader crypto market contracting by 2.9% over the past 24 hours. The meme coin sector also dipped 3.2%, now valued at $47.5 billion. Despite the falling prices, Pochita’s rapid rise suggests strong investor sentiment around meme coins remains, especially following recent Federal Reserve interest rate cuts.
Though meme coins are known for their volatility and lack of clear fundamentals, they can provide quick gains for traders. Pochita is being discussed as a potential successor to Bonk, and if it continues its growth, it could join the ranks of other top meme coins like Dogecoin, Shiba Inu, and Pepe Coin.
At the same time, other projects such as Crypto All-Stars ($STARS) are providing new avenues for meme coin holders by offering a unified staking platform where users can stake various meme coins and earn rewards. Crypto All-Stars has already raised over $1.9 million in its presale, indicating strong interest in platforms that provide utility and passive income opportunities for meme coin enthusiasts.
Source: cryptonews.com
The post Mysterious Trader Makes $150,000 Profit in 3 Hours From Just $2,956: Blockchain Analysis appeared first on HIPTHER Alerts.
A recent Binance report highlights critical risks in the cryptocurrency market, warning of the dangers posed by inflated valuations and centralized token ownership. The report cautions that if these issues remain unaddressed, they could destabilize the long-term stability and growth of the crypto industry.
Valuation Concerns: The report emphasizes that overvaluation, particularly in newly launched tokens with low circulating supply, could lead to market bubbles and poor performance. Venture capital funds, which once aggressively invested in crypto, are now scaling back and shifting focus to sectors with more sustainable valuations. As the market becomes saturated with new tokens, the circulating supply could increase exponentially, further straining performance.
Centralization of Token Ownership: Binance also flags the risks of centralization, where large tokenholders dominate ownership. This concentration of power can result in governance issues, market manipulation, and potential crashes caused by sudden sell-offs. The report stresses the need for decentralized control and broad participation to maintain the integrity and resilience of crypto projects.
Transparency and Trust: To mitigate these risks, the report underscores the importance of transparency in fund management. A lack of clear disclosures can erode stakeholder trust and harm project sustainability. Binance notes that greater transparency, like the adoption of proof-of-reserves by platforms such as Coinbase, is crucial for fostering responsible financial management and building long-term trust in the market.
In conclusion, the report urges the crypto industry to prioritize decentralized governance and transparency to ensure sustainable growth and maintain market confidence.
Source: cointelegraph.com
The post Binance warns of crypto market risks from overvaluation, centralization appeared first on HIPTHER Alerts.
The Cryptocurrency Open Patent Alliance (COPA) has teamed up with Unified Patents to launch the Blockchain Zone initiative, aimed at combating “patent trolls” in the crypto industry. Patent trolls, or non-practicing entities (NPEs), are known for exploiting patent rights through litigation rather than developing new technologies. COPA and Unified Patents aim to prevent such entities from hindering blockchain innovation by making costly and baseless patent assertions.
The initiative is designed to safeguard blockchain and related technologies from these unwarranted patent claims, fostering an environment where developers and companies can innovate freely without fear of legal threats. Key figures in the partnership, such as Paul Grewal from Coinbase and Steve Lee from Spiral, emphasize that patent trolls create significant barriers to technological progress, especially in the fast-evolving crypto space.
By aligning with over 300 companies through Unified Patents, COPA’s effort strengthens its mission to protect the blockchain community and the broader crypto-economy from the disruptive impact of NPEs, ensuring that blockchain innovation remains open and accessible.
Source: news.bitcoin.com
The post COPA, Unified Patents Partner to Fight Crypto Patent Trolls appeared first on HIPTHER Alerts.
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