Author: Crypto News Live

io.net, a decentralized compute network, has recently joined forces with Chainbase, a network specializing in AI-driven omnichain data. This collaboration focuses on advancing AI modelling and developing a strong decentralized AI and data stack.The main goal of this partnership is to combine the strengths of both networks to explore possibilities in blockchain technology through innovative AI solutions.Chainbase’s Theia Model Trained on io.net’s InfrastructureA vital aspect of this collaboration involves training Chainbase’s AI-powered ‘crypto world model’, Theia, on io.net’s distributed computing network known as the Internet of GPUs (IOG). Theia is designed to analyze data and empower AI agents to simulate,…

Evaluating Ethereum vs Solana to find out which one has a more competitive edge. The tokenomics may even out the score, leading to a surprising conclusion. The Ethereum [ETH] versus Solana[SOL] showdown is here. Ethereum has been holding it down as the number 1 altcoin for quite a while. However, Solana’s performance has been impressive over the last few months. But between the two networks, which one stands to deliver the most gains? Solana demonstrated strong growth in the DeFi segment in the last 12 months, making the Ethereum vs Solana comparison more effective. This is because Ethereum previously dominated…

The GameFi industry, a fusion of gaming and decentralized finance (DeFi), has continued to evolve rapidly in 2024. With the global gaming market reaching unprecedented heights and the crypto space expanding into new territories, GameFi has become a significant trendsetter in the blockchain world. This wrap-up explores the most notable trends in GameFi for 2024, delving into the innovations, challenges, and future outlook of this burgeoning sector. Mainstream Adoption of GameFi 2024 has witnessed a substantial surge in the mainstream adoption of GameFi, driven by several factors. Traditional gaming giants have begun integrating blockchain technology into their ecosystems, creating a…

Shaquille O’Neal, the iconic basketball star, is currently involved in a class action lawsuit related to his association with the Astrals NFT project. The lawsuit accused Astrals of promoting unregistered securities, and the court has now ruled O’Neal could be considered a ‘seller’ of Astral NFTs, which he must now answer for as the case continues. However, the court dismissed the claim by the plaintiff that O’Neal was a ‘control person’ and, as such, did not have any actual power over the project.The Solana-based Astrals project consists of 10,000 NFTs, an Astralworld metaverse and a decentralized autonomous organization (DAO) called…

Ethereum forms a parallel upward channel as price breaks the 52 week moving average. the RSI of ETH/USD is oversold as funding rates become generally positive. The price of Ethereum [ETH] is starting to show a clear trend as traders prepare for a potential bull market in late 2024 or early 2025. On the 4-hour chart, ETH/USDT has formed a bear flag pattern within a rising channel, heading towards the $2900 level. It seems likely that the price of ETH will reach this supply zone, which coincides with the 200 EMA cloud on the 4-hour chart. For a bullish trend…

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful…

What is Ragnarok: Monster World?Ragnarok; Monster World is a tower defense game that utilizes Web3 technology and is situated within the Ragnarok Online universe. Crafted by ZERO X AND a company specializing in web3 development and game creation this game combines gaming elements, with blockchain and NFT features. Players immerse themselves in a world teeming with monsters, where they can collect items interact with players and partake in tower defense battles while leveraging the power of technology.In Ragnarok; Monster World players can experience a version of the Ragnarok Online world that introduces NFTs and allows ownership and trading of in-game…

The most expensive CryptoPunk ever sold changed hands on Monday for an undisclosed sum, amidst a historic downturn in the value of “blue chip” NFTs. CryptoPunk #5822—one of nine ultra-rare Alien Punks in the collection of 10,000 Ethereum NFTs—previously sold for nearly $24 million to crypto executive Deepak Thapliyal back in February 2022. Early Monday, Thapliyal announced he had finally parted ways with his Punk, without disclosing who he sold it to, or for what price. Decrypt reached out to Thapliyal regarding the sale but did not immediately receive a response. On-chain data confirms CryptoPunk #5822 was sent from the…

The crypto market has been challenging, and Ethereum (ETH), the second-largest cryptocurrency, is no exception. Despite its dominant position, the token has faced significant headwinds in recent weeks, with its price showing no signs of a sustained recovery. Key Metrics Point To Continued Bearishness According to crypto analyst Ali Martinez, some of the largest Ethereum whales, holding over 10,000 ETH, have been steadily selling their tokens over the past month, with no indication of slowing down.  This mass exodus of large investors has contributed to ETH’s 26% price drop over the last 30 days, narrowing its year-to-date gains to just…

Blockchain-based tower defense game Ragnarok: Monster World is now available for most people to play on mobile devices. This beta test will run for just one week with players being rewarded for their participation. Ragnarok Online is an iconic massively multiplayer online role-playing game (MMORPG) that has amassed over 167 million downloads globally since its 2002 launch. This is the South Korean franchise’s first venture into the world of blockchain gaming with the game’s beta test launching on Ethereum sidechain gaming network, Ronin. Despite being billed as a “closed” beta test, Ragnarok: Monster World is available for anyone to download—aside…