Hey there! Welcome back to another edition of Web3 Weekly Pulse! We're thrilled to have you join us as we delve into the captivating world of Web3.
So, sit back, relax, and get ready to embark on a journey filled with the latest and greatest updates in the Web3 realm. From exciting industry trends to noteworthy infrastructure highlights, we've got you covered with all the buzz-worthy happenings in your favorite Web3 ecosystems.
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Alright, without further ado, let's dive right into this week's edition of Web3 Weekly Pulse and uncover the most intriguing news and insights together!
1️⃣ Polygon, an Ethereum scaling solution, introduces Polygon Copilot, an AI interface powered by OpenAI's GPT-4. It assists developers in building decentralized apps (dapps) on the Polygon network. Copilot provides analytics and insights for dapp development, including wallet and transaction analysis and NFT creation. It leverages AI and deep learning to enhance the development experience on Polygon.
2️⃣ SAP, the German software giant, is conducting tests with Circle's USDC stablecoin, which is built on the Ethereum blockchain. The purpose of these tests is to address the challenges associated with current cross-border payment systems. By exploring the use of USDC, SAP aims to enhance the efficiency and effectiveness of cross-border transactions for its clients. This partnership demonstrates the growing interest and adoption of blockchain-based solutions in the financial industry, particularly in the realm of international payments.
3️⃣ Amazon's cloud division, AWS (Amazon Web Services), is making a significant investment of $100 million to strengthen its presence in the generative artificial intelligence market, in an effort to compete with industry leaders Microsoft and Google. As reported by Bloomberg, AWS is establishing the AWS Generative AI Innovation Center, which will serve as a platform connecting Amazon's AI and machine learning experts with clients interested in developing applications using cutting-edge generative AI technologies. Generative AI involves the use of algorithms to generate new content across various domains, including audio, code, images, texts, simulations, and videos. This strategic move by AWS demonstrates their commitment to exploring and capitalizing on the potential of generative AI, aiming to offer innovative solutions to clients and solidify their position in the AI market.
1️⃣ Optimism, a Layer 2 network for scaling Ethereum apps with Optimistic Rollups, has rebranded to OP Mainnet. This change reflects their goal of building a network of interconnected Layer 2 blockchains, forming a comprehensive "superchain" ecosystem. OP Mainnet aims to address Ethereum's scalability challenges and enhance user experience. The rebranding aligns with Optimism's commitment to advancing Ethereum's scalability through innovative Layer 2 solutions.
2️⃣ Algorand implemented a protocol upgrade aimed at improving the efficiency and speed of application development on its proof-of-stake blockchain network. By reducing the block time from 3.8 seconds to 3.3 seconds, Algorand achieved the largest percentage decrease in block time among existing blockchains. This upgrade highlights Algorand's commitment to remaining competitive in a rapidly evolving landscape, where blockchain platforms are continuously introducing enhancements to attract developers.
3️⃣ Zora, an NFT minting platform, recently introduced its Layer 2 (L2) network to address the issue of high usage costs. The Zora Network, which is constructed using OP Stack technology, operates independently from Zora itself. By leveraging this network, Zora asserts that the minting of NFTs can now be achieved at a significantly reduced cost, amounting to less than $0.5 per transaction.
Ethereum has reached another milestone, with over 23.5 million ETH deposited for staking. - link
Polygon suggested an upgrade to zkEVM Validium for their PoS, aiming to improve both security and performance. - link
The number of code commitments in BNB's sub-ecosystem experienced a significant rise in recent days. This increase can be attributed to the introduction of opBNB. - link
Offchain Labs released Arbitrum Orbit DevNet docs and portal. - link
Optimism announced RetroPGF Round 3. - link
Sui foundation announced Sui Education Grant. - link
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