Web3

Home Web3 Page 97

Spheron x NodeOps: Building the Future of Open Infrastructure

0
Spheron x NodeOps: Building the Future of Open Infrastructure


Infrastructure is the foundation of every blockchain, DeFi protocol, and AI-native application. But today, running and scaling infrastructure is still one of the hardest challenges for both individuals and enterprises. At Spheron, we believe the future of infrastructure should be decentralized, efficient, and accessible to everyone.

That’s why we’re excited to announce our partnership with NodeOps, a pioneering platform simplifying node deployment and management while building a chain-agnostic orchestration layer for decentralized compute. Together, Spheron and NodeOps are creating the backbone for the next generation of decentralized infrastructure.

The Challenges with Today’s Infra

Most infrastructure today still relies heavily on centralized cloud providers. This creates serious problems. Centralization introduces a single point of failure, meaning a cloud provider can effectively “switch off” a network or application. Costs are also high, making it hard for smaller teams and projects to compete.

Running blockchain or compute nodes is another challenge. For individuals and non-technical users, deploying and maintaining nodes requires expertise, constant monitoring, and the ability to troubleshoot under pressure. For teams, managing a distributed network of nodes is time-consuming, expensive, and often resource-draining.

The result is a fractured landscape where true decentralization is held back by complex operations and centralized control.

How NodeOps is Changing the Game

NodeOps was created to solve these pain points. The platform provides an AI-enabled orchestration layer that simplifies node deployment, management, and scaling.

With NodeOps, non-technical users can deploy nodes in a single click, while developers and protocols can bootstrap distributed node networks without hiring large operations teams. By offering Node-as-a-Service, NodeOps allows blockchain teams to incentivize a global, decentralized base of operators to run their infrastructure securely and reliably.

NodeOps is already supporting over 45 blockchain networks, has enabled the creation of more than 20,000 NodeFolios, and ranks among the top projects on the DePIN leaderboard. By combining automation with AI, NodeOps makes decentralized infrastructure truly accessible to everyone, from individuals to enterprises.

Why Spheron Supports NodeOps’ Vision

At Spheron, our mission is to unlock affordable and censorship-resistant compute for the world. Just as NodeOps is making node orchestration simpler and more inclusive, Spheron is doing the same for compute infrastructure.

Our decentralized GPU marketplace aggregates idle compute from around the globe, spanning data centers, mining farms, and personal devices, and makes it available at a fraction of the cost of traditional clouds. We provide enterprise-grade security, elastic scaling, and global coverage, without vendor lock-in.

By working with NodeOps, we align on a shared vision: making decentralized infrastructure the default, not the exception. Spheron provides the compute muscle, while NodeOps ensures it can be orchestrated and scaled in a simple, reliable way.

Partnership in Action

This partnership unlocks powerful synergies for the decentralized ecosystem:

NodeOps leverages Spheron’s decentralized GPU and compute infra to scale workloads securely and affordably

Spheron supports resilient operations for NodeOps orchestration layer across multiple networks

Together, we create a co-built backbone for AI, DeFi, and blockchain protocols that demand scalable, cost-effective infra

Moving Forward

The collaboration between Spheron and NodeOps is more than just a partnership. It is a step toward redefining how infrastructure is built, scaled, and maintained in the decentralized era. By combining Spheron’s compute network with NodeOps’ orchestration platform, we are empowering builders, operators, and enterprises to focus on innovation instead of battling infrastructure complexity.

The future of Web3, DeFi, and AI needs infrastructure that is open, secure, and accessible to all. With NodeOps and Spheron working together, that future is already taking shape.



Source link

Forward Industries Stock Soars Following $1.65 Billion Solana Treasury Pivot – Decrypt

0
Forward Industries Stock Soars Following .65 Billion Solana Treasury Pivot – Decrypt



In brief

Forward Industries unveiled a $1.65 billion private placement in public equity.
The firm will accumulate Solana, with support from several firms.
Forward’s stock price soared 92% pre-market, but then fell. It’s still up 40% on the day, as of this writing.

Forward Industries unveiled a $1.65 billion private placement in public equity, or PIPE, to anchor its Solana treasury strategy on Monday, according to a press release.

The firm, which was previously dedicated to designing products for medical and technology firms, is expected to be led by Multicoin Capital co-founder and managing partner Kyle Samani, who will serve as chair of Forward Industries board once the PIPE closes, the company said.

Multicoin was established as an investment firm in 2017, and the company has been investing in Solana’s ecosystem since the asset’s seed round in May 2018. The firm will also receive strategic support from institutional crypto firms Galaxy Digital and Jump Crypto.

Forward Industries (FORD) stock price soared 92% during pre-market trading to $31.50 on Monday, according to Yahoo Finance. It changed hands around $28.61 an hour after markets opened, showing a 75% increase on the day, but has been falling since. FORD is currently priced at $22.95, up about 40% on the day.



If Forward plowed the entirety of its PIPE proceeds into Solana, it would rank among some of the largest treasury firms that are dedicated to Bitcoin and Ethereum. 

Three publicly traded firms hold more than $1.65 billion worth of Ethereum, according to Strategic Ethereum Reserve, while eight publicly traded firms hold more than $1.65 billion worth of Bitcoin, according to Bitcoin Treasuries.

Among Solana treasury firms, Forward would become the largest if it spent approximately a quarter of its PIPE proceeds on the digital asset. Solana treasury firm Upexi owned 2,000,518 Solana, as of August 4, according to a press release. DeFi Development Corp. owns 2,027,817 Solana, according to its website. That sum was worth $434 million on Monday, based on current prices.

Some little-known firms have abandoned their prior business models, such as selling stuffed animals, as they morph into proxies for cryptocurrency of choice. Forward will continue working on technology and medical products, a person familiar with the matter told Decrypt.

Forward said Galaxy will provide it with advisory and risk management services, as well as infrastructure for trading, lending, and staking. In April, Galaxy upped its exposure to the cryptocurrency, swapping $100 million in Ethereum for Solana.

Jump has been developing a new validator client for Solana called Firedancer. Its work began in 2022, and the company released a prototype version of the software last year.

Solana was changing hands around $214 on Monday, a 5.2% increase over the past day, according to crypto data provider CoinGecko. The performance mirrored other altcoins, including XRP, which rose a similar amount to $3, over the same period.

Forward will join a handful of other Solana treasury firms, including SOL Strategies, Sharps Technology, DeFi Development Corp., and Upexi. In terms of PIPE financing, Upexi took a similar route to revamping itself that Forward is pursuing.

Upexi saw its share price plummet more than 60% earlier this year, moments after a registration-of-shares filing was deemed effective by the U.S. Securities and Exchange Commission. That was the first moment PIPE investors could sell their shares.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

Metaplanet Acquires 136 More Bitcoin as It Races Toward 2026 Target – Decrypt

0
Metaplanet Acquires 136 More Bitcoin as It Races Toward 2026 Target – Decrypt



In brief

Metaplanet has bought another 136 BTC for $15.2 million, bringing total holdings to 20,136 BTC.
The firm achieved “BTC Yield of 487% YTD 2025” with an average purchase price of $103,196.
The company is 20% toward its revised 2026 goal of 100,000 BTC, up from its original target of 21,000.

Metaplanet Inc. announced on Monday that it has purchased an additional 136 BTC for approximately $15.2 million as it pushes toward its target of accumulating 30,000 BTC by the end of 2025 and 100,000 BTC by 2026.

The Tokyo-listed investment firm paid an average of $111,666( ¥16.55 million) per Bitcoin in its latest acquisition, according to the filing

The latest purchase pushes Metaplanet’s Bitcoin investment to $2.08 billion (¥304.6 billion) at an average cost of $103,196 (¥15.1 million) per coin, bringing total holdings to 20,136 BTC, making it the sixth-largest public corporate holder of the world’s biggest crypto.



With current holdings of 20,136 BTC, Metaplanet has achieved approximately 67% of its 2025 target and 20% of its 2026 goal.

The company needs to acquire nearly 10,000 more BTC by year-end 2025 and an additional 70,000 by 2026 to meet its ambitious timeline.

The target is a massive expansion from Metaplanet’s original strategy, which initially aimed for just 10,000 BTC by 2025 and 21,000 BTC by 2026. 

Pranav Agarwal, independent director at Jetking Infotrain India—the country’s first listed bitcoin treasury company, told Decrypt that “Metaplanet seems to be on track with 4 months of the year to go and another 1/3rd of their targets ahead of them.” 

The only thing that could slow this momentum would be “a compression in their market price very close to their BTC NAV,” he said.

Bitcoin treasury companies “have now accumulated over a million BTC (~5%) of circulating supply and as they continue to buy and grow,” he added, saying “it will provide a very strong buying base” for the asset. 

If selling pressure reduces, “these could also lead to large price increases over a short time, but those will typically get sold into with new supply,” he added.

Agarwal said the company is “already managing their risk well through structured debt obligations being very low compared to their total exposure and BTC NAV.” 

Metaplanet recently secured shareholder approval for an $884 million capital raising proposal to address financing challenges.

With a balanced equity issuance and debt program, “Metaplanet won’t face a forced liquidation scenario in the near future,” Agarwal said.

Metaplanet’s stock peaked in 2025 at $13.2 (¥1,930) per share but has since fallen roughly 65%, now trading at about $4.60 (¥680), down $0.20 (¥29) or 4.1% today, according to Google Finance.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

Dogecoin Leads Altcoin Rally as XRP, Tron and Solana Rise – Decrypt

0
Dogecoin Leads Altcoin Rally as XRP, Tron and Solana Rise – Decrypt



In brief

Dogecoin jumped 5.1% to $0.22, buoyed by news of a proposed ETF from REX Shares.
TRON gained 2.4% after headlines tied to founder Justin Sun, while XRP added 2%.
September’s rate cut expectations and renewed retail activity could set the stage for a stronger Q4.

Altcoins are starting to rise, with Dogecoin leading the weekend rally among the top ten altcoins, following muted price movements last week from Bitcoin.  

Dogecoin is currently trading at $0.22 following a 5.1% jump in the past 24 hours. TRON has a modest gain of 2.4% while XRP is up 2% in the same period, CoinGecko data shows.

The crypto markets, including Dogecoin and TRON, are up after an “overreaction” to Friday’s U.S. unemployment numbers, Stephen Gregory, founder of crypto trading platform Vtrader, told Decrypt, who believes that an “alt-season is brewing” despite the recent sell-off.



While the macroeconomic outlook was a main driver and set the tone for both the crypto and equity markets’ sentiment on Friday, the announcement of a Dogecoin exchange-traded fund by REX Shares, an ETF provider, has helped the seminal meme coin’s weekend surge.

Referring to the Dogecoin ETF news, Nate Geraci, President of NovaDius Wealth Management, said, “I think we’re in for wild next 2 months for crypto ETFs,” in a Sunday tweet

TRON, on the other hand, is up as Justin Sun’s stunt with the WLFI token, said Gregory. “This got a lot of headlines and ignited some passion in the degen base of crypto,” he added.

Sun made headlines on Friday after the Trump family’s World Liberty Financial DeFi project blacklisted his wallet for testing exchange deposits. 

With September rate cut odds above 90% and “retail engaged,” Gregory believes the third quarter’s historically bearish performance could be a “fun setup” into the year-end. 

While the fourth quarter is expected to be bullish according to many analysts, the short-term outlook remains uncertain due to the tentative macroeconomic conditions.

The Fed is in a tight spot, as its dual mandate of both price stability and maximum employment is conflicting after Friday’s weak jobs data and core inflation hovering above 3%, as Decrypt previously reported.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

You Can Earn Ethereum by Playing These Free Mobile Games – Decrypt

0
You Can Earn Ethereum by Playing These Free Mobile Games – Decrypt



Ethereum recently surged to an all-time high price just shy of $5,000, finally breaking its long-standing record from 2021. And if you’re keen on racking up as much ETH as you can while it’s hot, then here’s another method you might not have considered: playing games.

Much like with Bitcoin, a number of free mobile games pay out real ETH rewards. Games like Ethereum Blast, Word Breeze, and even Bitcoin Solitaire are built on the Bling Financial platform, letting players earn points that can be converted to Ethereum or Bitcoin, with ETH available to withdraw to a Coinbase account.

Keep your expectations in check: The amount of ETH you’ll earn typically averages out to pennies’ worth per hour, and you’ll watch a lot of ads between levels. But you’ll also earn real ETH, and most of these iOS and Android games are solidly fun aside from the interruptions.



Ethereum Blast

Download: iOS or Android

The one Ethereum-named game on this list is a space-themed puzzler, and it’s a simple one: When two or more like-colored blocks connect, you can tap to clear them from the board. You’ll do so to either axe a certain number of blocks or complete some kind of mission, like clearing a path for gems to fall to the bottom. It’s relatively mindless, but a decent diversion.

Sweet Bitcoin

Download: iOS or Android

Sweet Bitcoin is an unabashed Candy Crush Saga clone, and there’s truly no shortage of those on the App Store or Play Store. But this one’s a decent enough copycat, tasking you with swiping to match like-colored fruits and clear them from the screen—and like the other Bling games on this list, it’ll net you ETH or BTC rewards along the way.

Word Breeze

Download: iOS or Android

One of the more entertaining games on this list is Word Breeze—a simple game that tasks you with completinga crossword-style grid with words via a jumble of letters. You can play a few levels between the ad breaks, and while not especially difficult, it uses your brain more than some other games on this list… and might teach you a few terms in the process.

Bitcoin Solitaire

Download: iOS or Android

It’s solitaire, but with Bitcoin (and Ethereum). Yep, Bitcoin Solitaire is exactly what it says in the title: It’s a simple, straightforward rendition of the single-player card game, but with the ability to earn cryptocurrency along the way. We’ve enjoyed this one, and since solitaire games last longer than most of the titles on this list, you’ll encounter fewer ads.

Bitcoin Sudoku

Download: iOS or Android

Much like the above, Bitcoin Sudoku is simply sudoku with an added dollop of crypto rewards. And just like with Bitcoin Solitaire, the longer games work to your advantage if you loathe video ads, though you still get to withdraw Bitcoin or Ethereum rewards. It’s a solid rendition of the beloved number grid game with no frills, but that works just fine.

And more

There are a few other Bling Financial games that offer rewards in both Ethereum and Bitcoin—regardless of what the title says—such as Bitcoin Blocks, Bitcoin Food Fight, Bitcoin Blast, and Bitcoin Pop.

You can also find several other mobile games that only pay out Bitcoin rewards, but of course, you’re welcome to take those BTC winnings and swap them for ETH or other coins. We’ve covered many of them, including Bitcoin Miner and Idle Mine.

GG Newsletter

Get the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.



Source link

AI Is on the Verge of Its Biggest Upgrade Yet: Emotional Intelligence – Decrypt

0
AI Is on the Verge of Its Biggest Upgrade Yet: Emotional Intelligence – Decrypt



In brief

Two new research papers show how AI agents can be engineered with fixed psychological archetypes or evolve emotional strategies during conversations.
Emotion boosts performance: personality priming improves consistency and believability, while adaptive emotions measurably increase negotiation success.
Advocates see more natural human–AI interactions, but critics warn of manipulation and blurred accountability as agents learn to argue, flatter, and cajole.

The dawn of emotionally intelligent agents—built for both static temperament and dynamic interaction—has arrived, if two unrelated research papers published last week are any judge.

The timing is sensitive. Almost daily, news accounts have been documenting instances where chatbots have nudged emotionally unstable users toward harming themselves or others. Yet, taken as a whole, the studies suggest that AI is moving into a realm where personality and feeling can even more radically shape how agents reason, speak, and negotiate.

One team showed how to prime large language models with persistent psychological archetypes, while the other demonstrated that agents can evolve emotional strategies during multi-turn negotiations.

Personality and emotion are no longer just surface polish for AI—they’re becoming functional features. Static temperaments make agents more predictable and trustworthy, while adaptive strategies boost performance in negotiations and make interactions feel eerily human.



But that same believability raises thorny questions: If an AI can flatter, cajole, or argue with emotional nuance, then who’s responsible when those tactics cross into manipulation, and how do you even audit “emotional alignment” in systems designed to bend feelings as well as logic?

Giving AI a personality

In Psychologically Enhanced AI Agents, Maciej Besta of the Swiss Federal Institute of Technology in Zurich and colleagues proposed a framework called MBTI-in-Thoughts. Rather than retraining models, they rely on prompt engineering to lock in personality traits along the axes of cognition and affect.

“Drawing on the Myers-Briggs Type Indicator (MBTI), our method primes agents with distinct personality archetypes via prompt engineering,” the authors wrote. This allows for “control over behavior along two foundational axes of human psychology, cognition and affect,” they added.

The researchers tested this by assigning language models traits like “emotionally expressive” or “analytically primed,” then measuring performance. Expressive agents excelled at narrative generation; analytical ones outperformed in game-theoretic reasoning. To make sure the personalities stuck, the team used the 16Personalities test for validation.

“To ensure trait persistence, we integrate the official 16Personalities test for automated verification,” the paper explains. In other words: the AI had to consistently pass a human personality test before it counted as psychologically primed.

The result is a system where developers can summon agents with consistent personas—an empathetic assistant, a cold rational negotiator, a dramatic storyteller—without modifying the underlying model.

Teaching AI to feel in real time

Meanwhile, EvoEmo: Evolved Emotional Policies for LLM Agents in Multi-Turn Negotiation, by Yunbo Long and co-authors from the University of Cambridge, tackles the opposite problem: not just what personality an agent has, but how it can shift emotions dynamically as it negotiates.

The system models emotions as part of a Markov Decision Process, a mathematical framework where outcomes depend not only on current choices but on a chain of prior states and probabilistic transitions. EvoEmo then uses evolutionary reinforcement learning to optimize those emotional paths. As the authors put it:

“EvoEmo models emotional state transitions as a Markov Decision Process and employs population-based genetic optimization to evolve high-reward emotion policies across diverse negotiation scenarios.”

Instead of fixing an agent’s emotional tone, EvoEmo lets the model adapt—becoming conciliatory, assertive, or skeptical depending on the flow of dialogue. In tests, EvoEmo agents consistently beat both plain baseline agents and ones with static emotions.

“EvoEmo consistently outperforms both baselines,” the paper notes, “achieving higher success rates, greater efficiency, and more savings for buyers.”

Put simply: emotional intelligence isn’t just window dressing. It measurably improves outcomes in tasks such as bargaining.

Two sides of the same coin

At first glance, the papers are unrelated. One is about archetypes, the other about strategies. But read together, they chart a two-part map of how AI could well evolve:

MBTI-in-Thoughts ensures an agent has a coherent personality—empathetic or rational, expressive or restrained. EvoEmo ensures that personality can flex across turns in a conversation, shaping outcomes through emotional strategy. Tapping into both is a pretty big deal.

For instance, imagine a customer-service bot with the patient warmth of a counselor that still knows when to stand firm on policy—or a negotiation bot that starts conciliatory and grows more assertive as the stakes rise. Yeah, we’re doomed.

The story of AI’s evolution has mostly been about scale—more parameters, more data, more reasoning power. These two papers suggest an emerging chapter may be about emotional layers: giving agents personality skeletons and teaching them to move those muscles in real time. Next-gen chatbots won’t only think harder—they’ll sulk, flatter, and scheme harder, too.

Generally Intelligent Newsletter

A weekly AI journey narrated by Gen, a generative AI model.



Source link

Wall Street’s Needs Will Advance Ethereum’s Privacy, Says Etherealize – Decrypt

0
Wall Street’s Needs Will Advance Ethereum’s Privacy, Says Etherealize – Decrypt


In brief

Wall Street will advance privacy on Ethereum, according to Danny Ryan.
Etherealize is building infrastructure for trading and settling tokenized equities.
The company plans on leveraging zero-knowledge proofs.

Privacy advocates should be cheering on Wall Street’s adoption of cryptocurrencies, according to Etherealize co-founder and President Danny Ryan.

As markets move on-chain, financial institutions are expressing a need for infrastructure that echoes elements of traditional markets, and privacy is “table stakes,” he told Decrypt.

“The market does not, and cannot, function fully in the clear,” he said. “If we’re going to onboard the world to blockchains, ‘everyone sees everything all the time’ is just not going to work.”

On Wednesday, Etherealize unveiled the closing of a $40 million funding round. The startup said it will promote Ethereum’s use by developing infrastructure for the trading and settling tokenized assets that’s based around zero-knowledge (ZK) proofs, among other tools.



When transacting on a public blockchain, users leave a trail of evidence for anyone to analyze, and elite entities may cringe at the thought of treasury operations and trading strategies taking place in the open—even if blockchains prove more efficient than legacy systems.

With the U.S. government’s prosecution of developers behind coin-mixing services like Tornado Cash and Samourai Wallet, it may feel like privacy may have become secondary, but Ryan described Wall Street’s needs as a potential Trojan horse, when it comes to sharing data on-chain. The benefits and normalization, he argued, should trickle down to average users.

“As we begin to upgrade these markets, institutions will demand privacy, and we’ll move the needle forward in terms of practical, applied and compliant privacy,” he said.

A ZK proof is a method used in cryptography to prove that something is known without revealing the known information directly. The concept powers privacy-focused cryptocurrencies like Zcash, and historically, it’s been viewed as a way to help scale Ethereum.

Ethereum’s ecosystem has poured hundreds of millions of dollars into ZK-powered networks. Although Ryan thinks that gives its developers an advantage, some companies are taking a distinct approach to privacy in creating their own blockchains.

Tempo, a blockchain incubated by payments giant Stripe and investment firm Paradigm, is set to feature built-in privacy measures. Arc, another layer-1 network that’s being developed by stablecoin issuer Circle, is expected to have “selectively shielded balances and transactions.”

That suggests widespread privacy in crypto may not be contingent on Wall Street’s participation.  But in the coming years, Ryan said privacy on Ethereum will likely become more commonplace, through “bespoke applications that handle privacy in a more granular way.”

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

AI Will Be Used to ‘Reconstruct’ Lost Orson Welles Film ‘The Magnificent Ambersons’ – Decrypt

0
AI Will Be Used to ‘Reconstruct’ Lost Orson Welles Film ‘The Magnificent Ambersons’ – Decrypt



In brief

AI firm Showrunner plans to produce an interpretation of missing footage from Orson Welles’ 1942 film, “The Magnificent Ambersons.”
The reconstruction effort will use deepfake technology and newly shot footage based on archival research.
The end product will not be commercially released, as Showrunner doesn’t hold the rights to the original film.

AI firm Showrunner plans to “reconstruct” 43 missing minutes of footage from Orson Welles’ 1942 classic “The Magnificent Ambersons” using artificial intelligence.

Per a report in trade paper The Hollywood Reporter, Showrunner will use a combination of AI tools and conventional filmmaking techniques to assemble its interpretation of the missing footage, using archived set photos as the basis for the scenes.

Although it plans to spend the next two years working on the project, Showrunner will be unable to commercialize it, since it has not obtained the rights to the film from Warner Bros. Discovery or Concord.

Instead, Showrunner CEO Edward Saatchi said, the AI reconstruction is an “academic” effort: “The goal isn’t to commercialize the 43 minutes, but to see them exist in the world after 80 years of people asking ‘might this have been the best film ever made in its original form?”

Filmmaker Brian Rose, who has spearheaded efforts to reconstruct “The Magnificent Ambersons,” will collaborate with Showrunner on the project. Rose has previously used archival records, voice actors and animation to approximate the framing and timing of Welles’ original 131-minute cut of the film. The new version will incorporate live footage shot with new actors, using AI deepfake technology to preserve the original cast’s likenesses.

Decrypt has reached out to Showrunner for comment, and will update this article should they respond.

The tangled history of “Ambersons”

The follow-up to Welles’ 1941 feature “Citizen Kane,” which has topped multiple polls as the greatest film ever made, “The Magnificent Ambersons” was edited down by RKO Studios from its original 131-minute cut to a mere 87 minutes, with a newly shot happy ending tacked on against the director’s wishes.

“They destroyed ‘Ambersons’ and it destroyed me,” Welles said in an interview with the BBC. While the director made extensive notes on his preferred cut, the film’s negatives were destroyed in order to free up space in RKO’s vault, while a rough cut of the film sent to Welles in Brazil was subsequently lost—becoming something of a holy grail for cinephiles.

“My whole third act is lost because of all the hysterical tinkering that went on,” Welles told filmmaker Peter Bogdanovich years later.



Going back to the Welles

This isn’t the first posthumous attempt to reconstruct a Welles classic. In 1998, “Apocalypse Now” editor Walter Murch used a 58-page memo penned by Welles to create a “restored” version of his 1958 film “Touch of Evil.” And in 2018, Netflix funded a restoration of Welles’ long-lost film “The Other Side of the Wind,” the footage for which had languished in a vault for years due to a legal dispute.

Welles’ voice, meanwhile, has been digitally recreated using AI to serve as a narrator for “location-based storytelling app” Storyrabbit.

Backed by Amazon’s Alexa Fund, Showrunner bills itself as the “Netflix of AI.” Its generative storytelling platform enables users to create episodes of animated shows using prompts or photos. Speaking to Decrypt at the time of its launch, Showrunner founder Edward Saatchi argued that the generative content is “a whole new artistic medium.”

Its effort to interpret Welles’ missing footage for “The Magnificent Ambersons” is a stepping stone to creating long-form stories using AI, Saatchi told The Hollywood Reporter.

“Year by year, the technology is getting closer to prompting entire films with AI,” he said. Although today’s AI models “can’t sustain a story beyond one short episode,” he added, Storyteller is a “step toward a scary, strange future of generative storytelling.”

Generally Intelligent Newsletter

A weekly AI journey narrated by Gen, a generative AI model.



Source link

Linea: Everything You Need to Know About the Ethereum Layer-2 Network Airdrop and Token – Decrypt

0
Linea: Everything You Need to Know About the Ethereum Layer-2 Network Airdrop and Token – Decrypt



In brief

The LINEA token will begin its airdrop process on September 10.
More than 9 billion tokens will be available to early users when the claim opens.
An additional 75% of the total supply will ultimately be distributed to ecosystem participants.

Ethereum layer-2 network Linea aims to use its upcoming LINEA token as an incentive to draw the world’s capital to Ethereum. 

Described by backers as the most Ethereum-aligned layer-2 network, Linea will offer native yield to ETH stakers, as well as an ecosystem fund made up of around 54 billion LINEA tokens to draw users to its network. 

Linea’s long-awaited token generation event (TGE) is coming on September 10. Here’s a look at everything you need to know about what the LINEA token is and who can claim it.

What is the LINEA token?

Distributed by Swiss nonprofit the Linea Association, LINEA is the native token of the Ethereum layer-2 network of the same name. The network was developed by Ethereum software development firm, Consensys, and Linea is described an “extension” of the established layer-1 network. (Disclaimer: Consensys is one of 22 investors in an editorially independent Decrypt). 

Unlike other layer-2 network tokens, LINEA will not act as the native gas token for the Linea network. Instead, Linea will use ETH as its gas token to pay transaction fees. The LINEA token also differentiates itself from other layer-2 network tokens, as it does not have any governance powers and it is subject to a buyback and burn mechanism. 



In other words, using a portion of the ETH revenue it earns from transaction fees, the network will buy LINEA and subsequently burn it, or effectively remove it from the circulating supply. 

The token will maintain a total supply of 72,009,990,000 LINEA, or 10 times the initial circulating supply of Ethereum. 

When is LINEA dropping?

The LINEA token generation event (TGE) will take place on September 10, at which point any eligible airdrop participants can begin the claim process. 

Eligible parties will have up to 90 days to claim their LINEA tokens. After that time, any unclaimed LINEA tokens will be added to the ecosystem fund and subsequently distributed by the Linea Consortium. 

Who will get the LINEA airdrop?

The LINEA token will be distributed in three major buckets: early users, ecosystem participants, and the Consensys treasury. 

10% Early Adopters

Early users of Linea’s network that earned points via the Linea Voyage and Linea Surge campaigns are eligible to claim their respective share of around 10% of the LINEA supply. In order to be eligible, campaign participants must have achieved at least 2,000 points in the Voyage campaign and 15,000 points in the Surge campaign. 

This criteria and the elimination of around 800,000 sybil wallets, or those who tried to game the system to earn the token, left around 750,000 eligible wallets to split 9.3 billion LINEA tokens. 

A further 1% of the early adopters bucket is set aside for strategic builders in the Linea ecosystem, but those tokens will be directly distributed and will not be claimed as part of the airdrop.

An airdrop eligibility checker was released by Linea on September 3. 

75% Linea Ecosystem Participants

The largest chunk of LINEA tokens, 75% of the total supply, will be awarded to active participants within the Linea ecosystem and distributed by a collective body of Ethereum-aligned entities dubbed the Linea Consortium. 

Made up of firms like publicly traded Ethereum treasury SharpLink Gaming, ENS Labs, Eigen Labs, and Consensys, the consortium is mandated to distribute the ecosystem fund to those helping propel the Linea network and Ethereum. 

“It’s users, it’s builders, it’s liquidity providers, it’s institutions, it’s creators… anything or anyone that’s going to help make Ethereum and Linea successful,” Head of Linea Declan Fox told Decrypt in July

Small portions of the 75% have already been approved for distribution by the consortium, including 4% at TGE for liquidity providers during the Linea Surge event. Distribution of a further 1 billion LINEA tokens was approved as part of Linea Ignition, a liquidity bootstrapping event running through October 26. 

15% Consensys Treasury

The final 15% of the LINEA supply is set aside for Consensys, the development firm that incubated the layer-2 network. All 15% of the tokens set aside for the software firm are locked up for five years.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.





Source link

Bitcoin and Ethereum Hit New Highs—Why Not Dogecoin? – Decrypt

0
Bitcoin and Ethereum Hit New Highs—Why Not Dogecoin? – Decrypt



In brief

Dogecoin is one of the most valuable cryptocurrencies on the market, but it’s down 70% from its 2021 peak.
While Bitcoin, Ethereum, and XRP all recently set new peaks, Dogecoin isn’t enjoying the same momentum.
Experts tell Decrypt that the digital asset lacks use cases. Can a DOGE ETF really make a difference?

Digital asset markets last year rallied following the approval of Bitcoin ETFs and U.S. President Donald Trump’s victory, with the top 10 biggest cryptocurrencies (excluding stablecoins) by market cap all hitting new highs in the last 12 months.

Dogecoin has been the one exception. 

While large-cap coins like Bitcoin, Solana, BNB, and XRP have all broken fresh records, Elon Musk’s favorite meme coin, DOGE, is still priced more than 70% below its 2021 all-time high mark of $0.73. 

CoinGecko data shows that DOGE was recently priced at a little over $0.21. The coin saw a rebound last fall as Musk joined President Trump on the campaign trail, and continued rising after Trump won the election. But it peaked at about $0.48 in December, and hasn’t been seen above the $0.40 mark since January.



What’s going on? If meme coins trade on vibes and goodwill, and the crypto industry has been broadly inundated with positive news in recent months, then why isn’t DOGE flying high again?

“Dogecoin runs on vibes, and the vibes haven’t reached 2021 mania levels yet,” Douglas Colkitt, founder of Ambient Finance and founding contributor of Fogo, told Decrypt. “Unlike Bitcoin or ETH, there’s no structural demand driver. It doesn’t have staking yields, it doesn’t anchor DeFi collateral… it’s literally just a meme with a strong community behind it.”

According to Grayscale Head of Research Zach Pandl, investors are currently most interested in digital assets that have actual utility. Meme coins famously lack that.

“There is nothing wrong with meme coins and other digital collectables, and they will always be part of crypto markets,” Pandl told Decrypt. “But the institutional investors moving into crypto are looking for real-world use cases and focused on revenue-generating projects.”

Bitcoin has largely been sold as a long-term store-of-value asset, while Ethereum’s network, investors believe, is useful for applications such as stablecoins—digital tokens pegged to the value of the dollar that everyone from JP Morgan to Meta want to issue. 

Though there appears to be demand for the coin—with analysts telling Decrypt that ETFs giving exposure to the coin could soon be approved—it was created as a joke to poke fun at the crypto space. Dogecoin then largely gained a cult following when Tesla boss Elon Musk started posting memes about the coin. 

The world’s richest man and SpaceX chief once claimed that he liked the asset because it was “for the people,” unlike Bitcoin. He also said it has the “best sense of humor” and that he likes DOGE because he also enjoys dogs and memes.

In other words, it’s just a joke to Musk. And investors may see it much the same way.

DOGE has, in the past, been framed as being primed for payments; billionaires like Shark Tank’s Mark Cuban—along with Musk—have said the coin’s tokenomics would make it good for transactions. Cuban also said the low price per coin made it an asset that people might actually spend, as opposed to Bitcoin.

But for transactions, Dogecoin still hasn’t taken off and has largely been viewed as a speculative—and fun—asset. And it hasn’t given traders the same returns as Bitcoin or Ethereum in recent years.

“Meme coins can be a way to unite an online community around shared interests, but this does not mean they will make good long-run investments,” added Pandl. 

Zooming out, a lot of cryptocurrencies haven’t made decent returns this year, digital asset management firm Arca’s data shows, with 75% of tokens the firm observes showing negative returns year-to-date. 

“The only exceptions are tokens linked to equity participation, such as Bitcoin, Ethereum, and Solana, or those associated with a legitimate business model,” Arca CIO Jeff Dorman told Decrypt, noting price bumps in assets like decentralized derivatives platform Hyperliquid’s HYPE, and CRO linked to crypto exchange Crypto.com. 

“In contrast, DOGE lacks a functional purpose, which is why it hasn’t experienced any significant increase,” he added. 

That could change in the future with developments such as DogeOS, which promises to bring apps and games to the network, and the Dogecoin ETFs that issuers like Grayscale and Bitwise hope to launch pending SEC approval. But even a Wall Street stamp might not give DOGE a lasting boost.

“Sure, an ETF would create a headline and open the door to some new inflows. But let’s be real: A DOGE ETF would be the ultimate proof that financial markets have fully embraced the absurd,” Colkitt added. “Will it pump? Probably. Will it create lasting value? Doubtful.”

“There’s always demand for DOGE because people love the joke. That’s the product: the meme,” he continued. “But demand isn’t the same as utility. As long as investors are willing to speculate on nostalgia and internet culture, there’ll be a bid for DOGE. Just don’t confuse it with fundamental adoption.”

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.



Source link

Popular Posts

My Favorites