The crypto market continues to see exciting developments, with Injective Labs launching inEVM, its Ethereum Virtual Machine (EVM) Layer 2 roll-up, targeting Ethereum, Cosmos, and Solana [dc7b0c40]. The inEVM solution enables Ethereum developers to build decentralized applications (dApps) with fast speeds and low transaction fees, offering a promising alternative to the congested Ethereum network [dc7b0c40]. This development has attracted attention and positions Injective Labs as an innovative project with significant potential in the blockchain space [dc7b0c40].
InQubeta, an upcoming blockchain ICO platform, aims to support AI tech startups by allowing them to mint their investment opportunities as NFTs [dc7b0c40]. The project has already raised over $11.6 million in its presale, indicating strong investor interest and confidence in its unique fractional investment model [dc7b0c40]. InQubeta's commitment to supporting AI startups and leveraging blockchain technology has positioned it as a promising player in the market [dc7b0c40].
Solana (SOL) experienced a 6.5% drop in price, impacting its prospects. This unexpected dip comes as InQubeta, a platform helping AI startups raise funds, raised $13 million in its presale, challenging Hedera (HBAR) [36f69b5b]. InQubeta's success highlights the crypto sector's favoring of blockchain integration with AI. The platform has a stringent screening process for startups and uses NFTs to sell investment proposals [36f69b5b].
Solana is a blockchain network supporting dApps and virtual machines, while Hedera is a decentralized protocol for tokenizing real-world assets and recently partnered with the Digital Euro Association [36f69b5b]. Solana's success is attributed to meme coins and Layer 2 solutions like Zeus Network [36f69b5b]. Hedera's partnership with the Digital Euro Association and addition of Mondelez International to its governance council contribute to its market dominance [36f69b5b].
AppLayer has unveiled the fastest and most robust infrastructure for scaling Ethereum-based applications, a cutting-edge blockchain that not only delivers lightning-fast transaction speeds but also offers a new approach to Ethereum Virtual Machine (EVM) development for both DeFi and GameFi developers [cfef4a5c]. The EVM network offered by AppLayer is 10 times faster than standard Golang-based EVM networks and offers a 65 times execution speed boost with C++ stateful pre-compiles [cfef4a5c]. AppLayer's network allows for comprehensive composability with stateful pre-compiles, enabling the processing of complex smart contracts at unprecedented speeds [cfef4a5c]. AppLayer also introduces rdPoS (random deterministic Proof of Stake) as a unique consensus mechanism to amplify network security and ensure efficient transaction processing [cfef4a5c]. The next phase for AppLayer is the deployment of its testnet, complete with a front-end user portal and up to $1.5 million in incentives available [cfef4a5c]. Developers are invited to participate in the incentivized testnet and receive $APPL token grants for their innovative contributions [cfef4a5c]. The testnet rewards utilization and creativity, pushing for more unique and complex smart contracts [cfef4a5c]. AppLayer aims to redefine the standards of blockchain development and become a leading force in the blockchain space [cfef4a5c].
Distributed Compute Network Lilypad has announced the launch of its IncentiveNet, a distributed, permissionless compute network that aims to democratize access to high-performance computing [108afb41]. The network will reward participants providing services, utility, and value to the Lilypad Network with Lilybit credits, which will be redeemable for the Lilypad ERC20 Token at Mainnet Launch [108afb41]. The Lilypad team, composed of developers from Web2 and Web3 giants like IBM, AWS, Protocol Labs, Coinbase, Near, Google, Atlassian, and researchers from Stanford University, aims to challenge the dominance of cloud oligopolies and provide a secure, performant decentralized compute network [108afb41]. The network is built on Bacalhau, a peer-to-peer protocol that enables decentralized communication between computers, and aims to lower entry barriers and enable new use cases for developers and node providers through a permissionless and distributed job-based system [108afb41].
Sonic, the first atomic SVM chain enabling sovereign game economies on Solana, has reached a significant milestone with its incentivized testnet 'Odyssey,' reaching 100,000 connected wallets and over 17 million transactions [3fddb0c4]. The milestone paves the way for the mainnet launch. Cypher Capital, a multi-strategy crypto investment firm, has supported Sonic's expansion by raising funds to support growth and expand its ecosystem [3fddb0c4]. Sonic's active testnet allows users to engage in on-chain activities and play games. Sonic is built on Solana and uses a horizontal scaling framework called HyperGrid. Cypher Capital is excited to support Sonic in building the first SVM L2 Gaming Chain on Solana. Sonic is the first atomic SVM chain built to enable sovereign game economies on Solana [3fddb0c4].
Blockchain startup 5ire has achieved a major milestone by launching its Hybrid Layer-1 mainnet [fa5e93af]. The mainnet launch comes after the completion of the testnet phase, which involved over 1 million transactions. 5ire's mainnet is built to accommodate up to 1,500 transactions per second and utilizes a Proof-of-Stake consensus model [fa5e93af]. The company has a strong focus on sustainability and has integrated sustainability into its business practices. 5ire's native token, 5ire Coins, incentivizes participation in the network and is designed to align with the United Nations Sustainable Development Goals [fa5e93af]. Additionally, 5ire has secured deals with institutional clients, including the Indian government [fa5e93af]. The company recently closed a $100 million Series A funding round and plans to expand its platform and ecosystem to support more eco-friendly dApps and services [fa5e93af]. The mainnet launch marks a significant achievement for 5ire and positions the company as a leader in sustainable blockchain technology [fa5e93af].