AltBanking’s Post

Definitely a must read for Asset Servicing enthusiasts who are looking at futuristic trends.

Since Theo Bachmann started the ball rolling amidst everyone’s post token recovery and hangovers: 1/ web3 isn’t new (Kazaa, Limewire, BitTorrent and even DNS are examples of decentralisation that have, in varying degrees, succeeded with mass adoption). The AI on a Boeing 747 has been around for a long time and can land the aircraft safely with minimal human intervention. The tech can make it. But regulators and lawmakers require human accountability. The issues of personhood and agency, especially with AI, will become more prevalent than ever. Emerging tech has to play nice with regulators to solve problems in order to successfully navigate verticals such as RWA. 2/ startups and founders working in emerging technologies have a tendency to stack features and narratives (web3, crypto, AI, and now quantum computing). They’re chasing the money, I get it. But they should also be starting from products and customer experiences, which most are not doing. Most are putting the solution before the problem. Apple’s iPhone was a crappier product compared to the BlackBerry (Research in Motion), but you hardly hear about BlackBerry these days. You don’t need the best, the biggest, or the most sophisticated solutions to make it. But starting with customer experiences and heartfelt problems first gets you there. Case in point: domain names. We can’t live without them especially post IPv6. The path from problem to positive customer experience was pretty clear in the 80’s; the technology just worked. With emerging technologies today, the narratives have become more convoluted. 3/ A successful implementation of RWA and AI then requires a well founded problem and a solution that reasonably solve it while playing nice with regulators without the need for blockchain or AI to be mentioned. Thanks to my co panelists Sachin Joshi, Theo Bachmann and Jan Hanken and Mark K. for moderating.

Exciting times in the world of DeFi! Forbes recently highlighted how AI and DeFi are merging to create smarter, more efficient financial ecosystems. This powerful fusion is transforming traditional finance, making way for personalized, data-driven solutions that offer more accessibility and transparency. At VisionX Finance, we’re committed to being at the forefront of this financial revolution. By leveraging AI within our DeFi platform, we aim to empower users with advanced tools that promote financial literacy, inclusivity, and independence. Our mission is to break down barriers, bringing secure, innovative financial solutions to underserved and marginalized communities. As the regulatory landscape becomes more favorable and technologies evolve, VisionX Finance is poised to lead the way in building a decentralized, user-centered ecosystem. Together, let’s shape a future where financial empowerment is within everyone’s reach!

Syncus (SYNC): Bridging the Gap Between DeFi Kingdoms with Zero-Knowledge Proofs The world of Decentralized Finance (DeFi) is flourishing, but fragmentation across different blockchains hinders its full potential. Syncus (SYNC) emerges as a promising solution, leveraging zero-knowledge proofs (ZKPs) to build bridges between DeFi ecosystems, fostering a more interconnected and efficient future. Understanding Syncus: A Gateway Between DeFi Islands Imagine a DeFi landscape where users can seamlessly transfer assets and interact with applications across various blockchains. This is the vision behind Syncus. By utilizing ZKPs, a powerful cryptographic tool, Syncus allows secure and trustless communication between blockchains without revealing sensitive transaction details. This eliminates the need for cumbersome data replication and paves the way for: Enhanced Interoperability: Syncus bridges enable users to move assets and interact with DeFi protocols on different blockchains, maximizing flexibility and choice. Improved Scalability: ZKPs help alleviate the burden on individual blockchains by verifying transactions efficiently, contributing to a more scalable DeFi ecosystem. Increased Security: Syncus prioritizes security. ZKPs ensure the privacy and validity of transactions while minimizing the risk of fraud or errors. Beyond Bridges: The SYNC Ecosystem While interoperability is its core function, Syncus offers more than just bridges. Here's a glimpse into the SYNC ecosystem: SYNC Token: The lifeblood of the network, SYNC tokens are used for various purposes, including network governance, transaction fees, and staking rewards for users who contribute to the network's security. Focus on Developer Adoption: Syncus actively seeks to attract developers by providing tools and resources to build interoperable DeFi applications on their platform. Community-Driven Approach: The Syncus team prioritizes a collaborative environment. SYNC token holders can participate in governance decisions through voting, shaping the project's future. The Road Ahead: Can Syncus Unify the DeFi Landscape? Several factors will influence Syncus's long-term success: Widespread Adoption: For Syncus to thrive, it needs to be integrated with a significant number of blockchains and DeFi applications. Technological Advancements: Continuous innovation in ZKP technology is crucial for Syncus to maintain its efficiency and security edge. Regulatory Landscape: Navigating evolving regulations surrounding DeFi and interoperability protocols will be essential for long-term success.

Here are my notes from a conversation between Marc Low and Alex Tapscott on a recent KPMG Canada's podcast. Alex authored the recently released book titled "Web 3.0." Introduction to Web 1.0 and 2.0: Web 1.0: Known as the "read web," characterized the early internet as a communication network. Web 2.0: Emerged in the late '90s, introduced the "read and write web," transforming the internet into a collaborative medium. Impact of Web 2.0: Transitioned the web from broadcast media to a collaborative platform. Contributed significantly to market capitalization, connecting millions of people. Introduction to Web 3.0: Also referred to as the "read, write, own web." Facilitates connectivity, transactions, information exchange, and decentralized currency. Challenges for Established Leaders: Established market leaders often hesitant to adopt new technologies initially. Transition to Web 3.0 presents a contradiction to the traditional big tech model. Blockchain and Tokens: Foundational Role of Blockchains: Blockchains serve as the backbone of Web 3.0. Introduction of tokens revolutionizes value exchange, similar to standardized shipping containers in commerce. Token Innovation: Tokens can hold various digital assets such as stocks, bonds, intellectual property, and digital art. Enables users to become owners of the applications they utilize. Decentralized Finance (DeFi): Introduction to DeFi: DeFi, or Decentralized Finance, is a key aspect of Web 3.0. Differentiates from fintech by focusing on fundamental financial models. Evolution of Enterprise Blockchains: Shift to Public Blockchains: Transition from closed-loop blockchains to public networks by big companies. Public networks evolve to comply with ESG laws despite energy consumption concerns. Challenges and Concerns: Deep Fakes and AI Governance: Emergence of deep fakes poses a significant challenge in the era of Web 3.0. Lack of governance and transparency regarding AI raises concerns. Layers of AI Stack: Four layers of the AI stack: hardware, foundational models, data, and applications. Importance of self-auditing AI software, particularly in smart contracts execution, to prevent bugs and ensure security. If anyone needs a link, please don't hesitate to send me a direct message (DM).

How did Ocean Protocol's Predictoor achieve $400M+ monthly staking volume in just 6 months? Find out in today’s #TokenEngineeringReads ft. its design & impact, plus Web3 Sustainability Loop updates. READ MORE: https://buff.ly/4aln4An FYI: Major EthCC Announcement! We’re giving away 5 free tickets! Simply refer 3 friends to subscribe to #TokenEngineeringReads noting your email as the referral. Entries close May 24 at 12:00 UTC. Link: https://buff.ly/3QFmrdR 1/ In 2020, Trent McConaghy developed a framework called the "Web3 Sustainability Loop". Popular in the TE community, this loop tackles crypto’s hardest challenge: achieving sustainable value capture in non-extractive, open-source, and permissionless ecosystems. 2/ From the Web3 Sustainability Loop, the "Data Value-Creation Loop" is fleshed out as a new sub-system. It addresses the question, "How do people make money in the open data economy?" 3/ How? By following the loop's steps: 1) Create value from data, 2) Make money from it, and 3) Reinvest to fuel growth. 4/ Predictoor's Data Value-Creation Loop ensures data products generate revenue. Data fuels building models, making predictions, and creating revenues. Profits reinvest in data, sustaining the loop. $OCEAN tokens facilitate value capture. 5/ The speed and value of iterating through the Data Value-Creation Loop are crucial. Slow loops run out of funds; fast loops quickly deliver value & grow. Ocean Protocol analyzed verticals based on speed & revenue, focusing on DeFi for its fast iteration & large $ opportunity. 6/ The Data Value-Creation Loop maps the Data Supply Chain: raw data is refined into models and predictions, leading to profit. Typically, the last mile makes the most profit. Predictions are the most valuable data. 7/ In late 2023, Ocean launched Predictoor, its first end-user product, providing price predictions for the top 10 crypto tokens. It aggregates and sells predictions to traders, rewarding accuracy in price predictions. 8/ Ocean targets traders and data scientists using Python, and started with a comparably simple simple product suite. Today, Predictoor combines a Python code interface, a web app, AI/ML prediction bots, a simulator, CLI, and analytics. 9/ Ocean overcame the initial empty network issue by kick-starting transactions with own AI/ML prediction bots. Today, Predictoor Data Farming boosts predictoor earnings based on accuracy and stake. This led to >$400M in monthly staking volume in the early months! 10/ Predictoor succeeded in tackling crypto's toughest challenges by gaining user traction, creating a new value loop, and ensuring protocol success through end-user engagement. More resources are provided in the edition! This newsletter is made possible thanks to funding from Carbon DeFi by Bancor, Tokenomia.pro, and Optimism Foundation's RetroPGF! Subscribe to #TokenEngineeringReads for more: https://buff.ly/3QFmrdR #tokenengineering #ai #crypto

Think of every blockchain as an individual island... 🏝 There is a lot of transactional activity going on between the inhabitants of the island (token holders) however as long as they don't export value outside of the island, the value of their ecosystem won't grow. 📌Key Takeaway: The token must be designed such that its value rises as usage rises. The usage will only rise as long as it exports applications and services. Nice read from TokenEngineering Academy #crypto #web3 #ireland #innovation

Ultimate Mode Network Ecosystem Research by stsoen research via Dewhales Research ([Global] Oracle Advanced Analytics) URL: https://ift.tt/p3tYrc2 Disclaimer: The content presented in this article, along with others, is based on opinions developed by the analysts at Dewhales and does not constitute sponsored content. At Dewhales, we firmly adhere to a transparency-first philosophy, making our wallets openly available to the public through our website or DeBank, and our articles serve as vehicles for self-expression, education, and contribution to the ecosystem. Dewhales Capital does not provide investment advisory services to the public. Any information should not be taken as investment, accounting, tax or legal advice or as a recommendation to purchase, sell or hold or to pursue any investment style or strategy. The accuracy and appropriateness of the information is not guaranteed by Dewhales Capital. 1. Introduction 2. Mode Network overview 3. Ionic 4. Kim Exchange 5. Ironclad 6. Sturdy 7. Splice 8. Betmode 9. DeSyn Protocol 10. Molend 11. Modemax 12. Mochad 13. Swapmode 14. NFT Life 15. Modechat 16. SupSwap 17. LogX 18. Bridges 19. Conclusion 1. Introduction The first time the Dewhales team explored the Mode ecosystem in detail was in early May 2023. At that time, it had only 8 projects and 7 supporting tools with different functionalities. Now, 3 months later, we see a significant increase in the size of the Ecosystem section on the Mode Network website. In addition, the TVL in this network remains relatively stable. So it was interesting to see what the Mode Network ecosystem is all about. Thanks for reading Dewhales Research! Subscribe for free to receive new posts and support our work. 2. General overview of Mode Network ecosystem Mode Network is a recently launched modular L2 on top of Ethereum based on OP Stack with the introduction of the Bedrock update, which has significantly reduced commissions on the network. What sets Mode apart is the incentive mechanisms for users and developers. The Mode Network philosophy is "Cooperation leads to greater outcomes for all." Applications and users that scale the Mode blockchain are motivated to work together and directly receive a proportion of network sequencer profits. Judging by the fact that the Mode Network team has worked with more than 30% of the Top100 CMC projects for 5 years on building incentive mechanisms - it should be quite interesting. To implement, control and monitor all this socially orientated functionality, Mode offers equally interesting infrastructure tools such as: Modespray: is a multisender that allows you to send tokens to multiple addresses at the touch of a button. Mode Name Service: native NNS on the Mode network, which is based on SPACE ID, a universal name service network with a universal identity platform for discovering, registering, trading and managing web3 domains.  Spindl: The web3 analytics tool Guild: Automated community management to...

🌊 In today’s #TokenEngineeringReads the spotlight is on Ocean Protocol’s #predictoor and Trent McConaghy’s "Data Value-Creation Loop". Ever wondered how people can make money in the open #dataeconomy? Find the answers in the article available at the link below 👇

🌍 Devcon Sets the Stage for 2025 🏎 Here’s what 2025 has in store: 1. AI Agents / Onchain Agents / Intents 🤖 From smart wallets to decentralized assistants, AI-driven onchain agents are at the forefront. Expect autonomous agents facilitating complex interactions, optimizing DeFi strategies, and even driving DAOs with on-chain intelligence. Coinbase Developer Platform onchain agent KIT is just a start . ---------------------------------------------------------------- 2. Verifiable Services via Eigen Labs ✅ EigenLayer’s restaking innovation is redefining blockchain utility. Builders are integrating verifiable services like decentralized trust infrastructure, modular consensus, and enhanced security layers—pushing the boundaries of composability and scalability. QuillAI is building AVS to offer verifiable security for onchain agents . ---------------------------------------------------------------- 3. Account Abstraction / Chain Abstraction 🛠 Chain and account abstraction solutions are in development by companies like Particle Network, Arcana Network, and Socket to simplify the user experience. ---------------------------------------------------------------- 4. Consumer Apps 📱 From Web3 games to social finance platforms, 2025 is shaping up to be the year where Web3 meets mainstream consumers. Builders are focusing on apps that combine functionality with simplicity, ensuring adoption at scale. ---------------------------------------------------------------- 🚀 The takeaway? Builders are laying down the foundations for a more intelligent, accessible, and secure Web3. Let’s build! #WAGSI #web3