September 27, 2024
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Protocol Village: XProtocol Unveils ‘World’s First Node-Operated DePIN Smartphone’

Protocol Village is CoinDesk’s living column chronicling blockchain tech project updates (CoinDesk)”, — write: www.coindesk.com

XProtocol, Built on Base Chain, Unveils XForge as ‘World’s First Node-Operated DePIN Smartphone’

XProtocol, an entertainment-focused blockchain built on the U.S. crypto exchange Coinbase’s Ethereum layer-2 network, Base, has unveiled what it says is “the world’s first node-operated DePIN smartphone.” According to the team, the Web3 startup’s new Android device, XForge, functions as a fully operational blockchain node. Users can participate in the DePIN network directly from their phone, earning rewards, airdrops and cryptocurrency incentives: “XForge represents the next evolution in mobile devices, combining blockchain power with smartphone convenience.”

XProtocol's new XProtocol’s new “node-operated blockchain DePIN phone” (XProtocol)
Oasys, Arbitrum Foundation, Uprising Launching First Gaming-Focused Arbitrum Orbit Chain Beyond Ethereum

Oasys, Arbitrum Foundation, and layer-2 Uprising have teamed up to launch what they say is the first gaming-focused Arbitrum Orbit blockchain beyond Ethereum.” According to the team: “Uprising, a layer-2 gaming yield blockchain, and Oasys, a layer-1 gaming chain, are collaborating to enhance Web3 gaming through Arbitrum Orbit technology. This marks the first deployment of Arbitrum Orbit for gaming outside Ethereum, showcasing a shared vision for blockchain gaming’s future.”

Nomic Brings Bitcoin-Backed ‘nBTC’ to Berachain

Nomic DAO Foundation, supporting the Nomic Network, a blockchain powering a decentralized custody engine for Bitcoin, announced the launch of nBTC, a 1:1 bitcoin-backed token, on Berachain, an Ethereum-compatible layer-1 network. The move follows Nomic’s recent Ethereum upgrade, which made nBTC natively available as an ERC-token on Ethereum, and capable of deployments to EVM-compatible chains, according to the team: “This integration allows users to directly deposit BTC for nBTC, bringing Bitcoin’s substantial liquidity into Berachain’s ecosystem, which operates on a unique proof-of-liquidity consensus model. This will enhance the capabilities of Bitcoin within Berachain’s growing ecosystem, offering developers the ability to integrate nBTC into DeFi protocols and to build BTC-backed applications without relying on centralized intermediaries.”

Example of Example of “reserve script” used to control the disbursement of funds from Nomic’s decentralized custody, on the Bitcoin blockchain (Nomic)
ZKVerify, Hyberbridge Team Up to Deliver Cross-Chain ZK proof Verification

ZkVerify, a blockchain designed to provide zero-knowledge proof verifications, and Hyperbridge, a so-called coprocessor where verification operations are performed offchain and then the results securely reported back, have teamed up to deliver cross-chain zero-knowledge proof (ZKP) verification, cutting costs by over 90%, according to the team: “ZkVerify handles the computationally heavy proof verification off-chain, enhancing scalability, while Hyperbridge makes verified proofs accessible across multiple blockchain networks, reducing gas fees. This partnership tackles Ethereum’s limitations and supports a broader range of cryptographic techniques, fostering innovation and cost-effective ZKP solutions for developers and end-users across various blockchains.”

Lido, Fireblocks Form Partnership Making It Easier for Institutions to Liquid-Stake ETH

Lido, a liquid staking project that’s the largest DeFi protocol overall, has partnered with Fireblocks, a digital-asset security firm, to make it easier and more secure for institutions to liquid-stake ETH, according to the team: “This integration allows institutions to stake any amount of ETH and receive liquid stETH, providing flexibility to trade or use their staked assets without locking them up, giving instant liquidity. By simplifying the staking process, this integration makes liquid staking more accessible for retail exchanges and institutions.”

Theta Labs Launches ‘EdgeCloud for Mobile,’ Implements AI Video Detection

Theta Labs, the developer behind the entertainment-focused blockchain project Theta Network, has launched EdgeCloud for Mobile, allowing Android users to contribute spare GPU power to the Theta EdgeCloud network and earn TFUEL tokens. According to the team: “Available on Google Play, the app lets users provide resources during idle times, supporting AI research in media, healthcare and finance. Using a Decentralized Physical Infrastructure Network (DePIN), Theta EdgeCloud cuts GPU-intensive task costs by over 50% compared to traditional cloud providers, offering scalable, decentralized AI model training and inference services.” The blog post reads: “For the first time ever, the Theta team has implemented a video object detection AI model (VOD_AI) that runs on consumer grade Android mobile devices, delivering true computation at the edge and enabling unparalleled scalability and reach. VOD_AI is a computer vision technique that uses AI to analyze video frames to identify objects by scanning video frames, looking for potential objects and drawing bounding boxes around them. This process is similar to how the human visual cortex works.” (THETA)

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