Nexus has impressed us with some offerings over the years, but for the first time, they have released something with the tag “world’s first.” New inventions are certainly exciting, especially in blockchain space. However, everyone tends to get caught up in the excitement, and only a few people stop to answer the question of how good the product is at what it claims to do.
Nexus, the quantum-resistant blockchain and developer of a Rust-written zkVM, recently announced that it has launched the first beta release of the Nexus network, which it called "the world’s first open prover network."
The Nexus team, confident of their product’s first-to-market status, claimed that their new network is the “first distributed zero knowledge VM-based prover network accessible to anyone”.
1/ Exciting news: the initial beta release of the Nexus network – the first distributed zkVM prover network openly accessible to anyone – is now live. Check it out here:https://t.co/kCPXdrNYTu pic.twitter.com/ewxINqHjwI
— Nexus (@NexusLabsHQ) October 8, 2024
According to the team, the network aggregates the collective power of any connected device into one massive powerhouse. The connected devices could be personal computers, phones, tablets, or even massive GPU farms. The team says the network can collect all the power and channel it into one entity.
The Nexus team's goal is to unite the world’s computers and combine them into a single supercomputer capable of proving all of the Internet’s computations, unlocking the verifiable Internet.
However, as of this week, Nexus is not the only network making headlines. Apex Fusion, the federated multi-chain layer-1 network, has also made the news after securing some good news.
The network, which seeks to develop a seamless experience for future blockchain builders and developers by building an ecosystem consisting of the best features of UTXO and EVM transaction execution methods, announced that it has raised $6 million for its token ecosystem. This new $6 million brings the network’s diluted valuation to $180 million.
Aethir, the distributed cloud computing infrastructure, also had some exciting news before the week ran out. Following the release of its new enterprise social media and AI business line, which is powered by the Aethir Edge Network, the team at Aethir announced that starting in November, participants in it will be able to earn up to 100 ATH tokens every day just by connecting eligible to Aethir Edge.
Livepeer, the decentralized video-streaming project, also made two exciting announcements recently. The project recently hosted an AI demo day, which saw eight different startups participating in its AI Startup Program over the past three months.
Supermodel is using Livepeer’s infrastructure to provide real-time trend insights and forecasts for the fashion industry.
— Livepeer (@Livepeer) October 7, 2024
By applying AI models to video feeds, they offer brands valuable consumer insights and demand predictions, helping them stay ahead in a fast-paced market.… pic.twitter.com/YpXKy1O1PY
The team at Livepeer has now announced that those eight groundbreaking startups (FlipGuard, Katana Video, Newcoin, Operator, Origin Stories, Refraction, StreamEth, and Supermodel) are already working on the future of Gen AI on decentralized infrastructure.
The team is also now accepting new applications for the Q4 cohort of the Livepeer AI Video Startup program. So any startups interested in building the future of Gen AI can apply here. Oh, acceptance comes with $20k grant funding.
HODL Team
Disclaimer: All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website, HODL FM is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort, HODL FM strongly recommends contacting a qualified industry professional.
