Blockchain
Solidus making waves in the AI sector
Established 2017 Solidus Technologies have been raising funds and working on building a data centre built for the purpose of High Power Computing and processing Blockchain networks along with Artificial Intelligence applications.
The world is changing and evolving into more tech-based living. It is facing an unparalleled growth in needs and desires for computing power across areas such as artificial intelligence, pattern recognition, face recognition, image analysis, transaction validation, deep learning and much more. High Performance Computing (HPC) is already helping in many walks of life, such as social media, healthcare, mobility, communication networks, financial services, industrial processes and scientific progress.
HPC is used to describe the deployment of a sever estate and supporting infrastructure the function of which is to carry out large volume of compute tasks very quickly. In order to get the required level of performance the use of GPU (graphic processor Units) is used, the chips are capable of processing large blocks of data very quickly due to the highly parallel structure. Primarily used to manipulate computer graphics, these processors were developed to render and process millions of polygons per second and accelerating the memory intensive work of texture mapping. The complex and matrix like nature of these calculations have led to engineers and scientists using GPU based systems to perform non-graphical calculations.
GPUs have also become priceless for the artificial intelligence (AI) and machine learning space. We have seen the demand for new algorithms and processes to help in science, technology and machine learning grow exponentially over a short space in time. With new adaptions on computers, smart phones and smart technologies such as alexa and smart TV’s, AI is now shaping the way we live our lives and will be ever increasing as time goes by. Data scientists and AI researchers have used GPUs for machine learning to streamline a series of processes and applications, such as speech recognition, natural language processing, image classification, and video analytics among others. The highly parallel structure of GPUs makes them much more efficient for algorithms than CPUs, which is why the AI industry finds them indispensable. Companies like IBM, Facebook, Adobe, Baidu, and Microsoft started to use GPUs for their machine learning projects and with this through Optoelectronica which is owned by the joint venture manager Adrian Stoica Solidus Technology will be tasked to process the satellite data under a Research Programme financed by The Romanian Space agency better known as ROSA.
Scott Cannon, Director at Solidus has said “I am delighted with the way things are moving forward for the company, we are currently speaking with some very well known organisations in regards to their Artificial Intelligence needs and with us now Helping ROSA the potential for us to expand in this space is increasing. It’s a great revenue stream for Solidus and I’m looking forward to gaining further partnerships as the demand in this sector is huge right now.”
Since 1991, the coordination of the space activities in Romania and stronger collaboration in European and international space programs is achieved through the establishment of the Romanian Space Agency (ROSA), within the Ministry of Education and Technology, which was reorganised in 1995 as a public institution entirely self-funded, operating under Government Decision and the subsequent decisions of the Ministry of Education and Research – National Authority for Scientific Research and Innovation.
As a government institution, ROSA has concluded international agreements on behalf of the Romanian Government. The first agreement between Romania and the European Space Agency (ESA) on space cooperation for peaceful purposes was signed in Paris on 11 December 1992 and ratified by Law no. 40/1993, event that marked the beginning of the Romanian participation in several research projects together with other European countries. In 1999 was signed the Agreement between Romania and ESA on the Cooperation for peaceful exploration and use of outer space, an event which increased the opportunities for collaboration between the industrial community in Romania and ESA.
The Romanian Commission for Space Activities dealt also with international agreements. Romania was among the first Eastern European countries to sign collaborations with NASA in the 70s, taking and processing the images from Americans satellites. Romania also had agreements with countries in western Europe, such as the agreement with France, through which the Romanian specialists were sent to Toulouse to prepare in the satellite remote sensing field.
Solidus Technology are actively seeking further contracts or Letters of intent from other well known organisations to utilise there processing power for their HPC and AI needs
According to a report from Crypto Daily, the founder of Cardano, Charles Hoskinson, expressed a sentiment that the cryptocurrency industry does not aim to “set the world on fire.” This statement reflects a broader perspective on the role of cryptocurrency and blockchain technology in the global economy and society.
Hoskinson’s remark suggests that the cryptocurrency industry is not solely focused on disruptive or revolutionary change but rather on providing innovative solutions to existing challenges and improving upon traditional systems. This viewpoint underscores the belief that cryptocurrencies and blockchain technology can coexist and collaborate with established financial and technological infrastructures, rather than seeking to replace them entirely.
By emphasizing a collaborative approach, Hoskinson highlights the potential for cryptocurrencies like Cardano to complement existing financial systems and contribute to positive developments in various sectors. This includes areas such as finance, governance, healthcare, and supply chain management, where blockchain technology can offer enhanced security, transparency, and efficiency.
Overall, Hoskinson’s statement reflects a pragmatic and inclusive perspective on the role of cryptocurrency in society, emphasizing the importance of cooperation and collaboration in driving meaningful progress and innovation. As the cryptocurrency industry continues to evolve, this mindset is likely to shape its trajectory and impact on the broader economy and society.
Source: cryptodaily.co.uk
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Blockchain
Pantera Capital Targets $1 Billion for New ‘All-in-One’ Blockchain Fund Set for 2025 Launch
Pantera Capital aims to raise $1 billion for its new all-in-one blockchain fund, slated for launch in 2025, as reported by Bitcoin.com. This ambitious fundraising goal underscores Pantera’s confidence in the potential of blockchain technology and its commitment to supporting innovative projects in the space.
The new blockchain fund from Pantera Capital is designed to be a comprehensive investment vehicle, providing exposure to a wide range of blockchain-related assets and opportunities. By offering a diversified portfolio of investments, the fund aims to capitalize on the growth and development of the blockchain ecosystem while managing risk effectively.
Pantera Capital’s decision to launch a new blockchain fund reflects its bullish outlook on the long-term prospects of the blockchain industry. With increasing mainstream adoption and institutional interest in cryptocurrencies and blockchain technology, Pantera sees significant opportunities for growth and value creation in the coming years.
The $1 billion fundraising target for the new blockchain fund is indicative of Pantera’s confidence in its ability to attract capital from investors seeking exposure to the burgeoning blockchain market. As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to capitalize on the growing demand for blockchain-related investment opportunities.
Overall, the launch of Pantera Capital’s new all-in-one blockchain fund represents a significant development in the blockchain investment landscape, offering investors a comprehensive vehicle for gaining exposure to the rapidly evolving blockchain industry. As the fund prepares for its launch in 2025, it is poised to play a key role in shaping the future of blockchain investment and innovation.
Source: news.bitcoin.com
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Exverse, a free-to-play game bringing a fresh take on AAA first-person-shooters to Web3, announces the launch of its native $EXVG token on ByBit, a top-three crypto exchange by volume with over 20 million users. The ByBit launch will be followed by spot listings on the MEXC and Gate exchanges. Ahead of its full alpha launch in mid-May, Exverse hosted a soft-launch tournament for 5,000 early registrees on April 15 with cash rewards for top performers.
During the last bull run, Web3 games rose to prominence under the play-to-earn mechanism that made games like “Axie Infinity” so popular. As this model became widely replicated, many of these blockchain-based games prioritized the crypto elements at the expense of the actual game aspects. This trend could be seen in practice by many titles opting to undergo a token launch before even having a working demo, disincentivizing developers to build a quality game, and leaving users with no ecosystem or functioning game to play and spend or the native currency in.
With Exverse approaching its full launch, players can earn $EXVG by performing well while using the native token to enter matches, purchase premium items, and more. The $EXVG token builds on Exverse’s extensive beta and serves as the ecosystem’s currency while the game’s community witnessed a 20 percent growth in verified signups within a month. Supporting Exverse in their token launch are prominent launchpads and incubators that include Seedify, ChainGPT, and GameFi.
To build momentum for its upcoming alpha launch in mid-May, Exverse showcased its game by holding an exclusive deathmatch-style tournament for 5,000 early wait listers on April 15. The five-day tournament, which took place on the game’s ‘Battle Planet,’ gives players a chance to demonstrate their skills and win rewards via stablecoins and tokens. With $50,000 in total up for grabs, the top 100 performers earned at least $200. Top five finishers earnings were dispersed accordingly:
1st place: $4,000
2nd place: $2,000
3rd place: $1,500
4th and 5th place: $1,000
Built using Epic’s Unreal Engine 5, Exverse utilizes blockchain technology to strike a balance between enjoyable, realistic, and immersive real-time gameplay. The game prioritizes skill over pay-2-win mechanics, enabling players to earn rewards by staking tokens before a season’s kickoff. Top performers receive a share of profits from in-game NFTs such as cosmetics and skins.
To support the ecosystem’s development, expansion, and growth while rewarding the team and its early supporters, 400 million $EXVG will be minted.
“We are extremely excited about our token launch and proud to work with a great partner like ByBit to make it happen,” says Fei Ooi Hoong, CEO of Exverse. “We worked tirelessly to develop a diverse, engaging, and intuitive first-person shooter capable of revolutionizing how the public views blockchain-based gaming. Our talented team tapped into its background in traditional gaming to develop a rich and immersive gaming experience and then strategically implemented the NFT elements and in-game economics to enhance the user experience.”
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