the rise of RWA in crypto, 'decentralize AI' gains momentum and more

WEB3
Mergers, makeovers and momentum

• The London Stock Exchange is launching a Bitcoin and Ether ETN marketplace

  Starting May 28, the marketplace will be exclusively available to professional investors interested in ETNs—unsecured debt securities that track an underlying index of securities and trade on a major exchange without interest payments.

  The U.K. government is striving to position the country as a hub that embraces cryptocurrencies, with regulatory bodies actively shaping the crypto landscape for future progress.
  

• Tether introduces its new AI division

  Continuing its tradition of innovation, the largest issuer of USDT announces a strategic expansion, emphasizing AI, privacy, and transparency advocacy in response to current centralized AI developments.

  As stated, 'Tether Data plans to pioneer the development of open-source, multimodal AI models to establish new industry standards, driving innovation and accessibility within AI technology.' Currently, the company is fully committed to recruiting top-tier AI talent to join its mission.
  

• A Superintelligence alliance for decentralized AI

  The merger of Ocean Protocol, Fetch.ai, and SingularityNET aims to create the largest open-source and independent player in decentralized AI. The combined forces will unite under a single $ASI token with a total value of $7.5 billion.

  The alliance's primary goal is to accelerate progress towards AGI and challenge the dominance of Big Tech in AI development, use, and monetization. This involves promoting transparent and ethical AI practices, and ensuring that AGI remains independent of ownership or control by any single entity.
  

• Google now displays ENS data in search results

  By integrating with the Ethereum Name Service and utilizing data from Etherscan, Google users can now view details inside the wallet associated with a domain, such as its balance and the time of the latest transaction.

  While this service is not yet available worldwide, the first person to notice it was former ENS core team member Brantly Millegan, who posted about it on X.
  

• Azuki partners with Arbitrium to launch an anime-dedicated web3 network

  The new network, AnimeChain, emerges from the collaboration between Arbitrum, Azuki, and the Weeb3 Foundation, aiming to deliver more immersive experiences to all participants in the anime industry on-chain.

  The network will offer anime fans new levels of engagement through games, merchandise, third-party content, and digital collectibles.
  

• Worldcoin has open-sourced the code powering Orb

  The software powering the device, which scans irises, captures images and transfers them to the app, is now publicly available on GitHub. This move reflects Sam Altman's project aspirations for transparency, and decentralization while prioritizing privacy and security.

  As the highest level of human verification through Orb, Worldcoin counts more than 4.6 million verified humans in over 120 countries. The current WLD token price is $9.04, and the market cap is $1.45 billion.
  

INSIGHTS
The state of Real-World Assets in crypto

To borrow CoinGecko’s words, RWA in crypto is on the rise and stable assets ‘have experienced a meteoric rise as of late’ as outlined in their newest dedicated report on the subject.

According to the report, USD-pegged stablecoins make up the majority, holding a 95% market share, with Tether (USDT) leading at 71.4%.

Additionally, gold remains the most popular commodity, as tokenized commodities reach a market cap of $1.1 billion. However, they only represent 0.8% of the market cap of fiat-backed stablecoins.

For more valuable findings and trends on RWAs and the current landscape, check out CoinGecko’s report at the following link.

It's not a bold prediction that as crypto goes mainstream, we'll see greater adoption of tokenized RWAs as a new and additional investment opportunity.

Prepare for a wave of tokenizing everything with our latest guide on Real-World assets in crypto 👇

How people actually use GenA in real life?

Which skills are set for the future?

AI
Decentralize AI movement has begun

• OpenAI received initial feedback on Sora

  A month after its launch, OpenAI shared the first impressions and experiences of creators who gained access to Sora for generating videos. Impressed by its ability to bring seemingly unreal concepts to life, push creative boundaries, and explore new possibilities, a group of creative directors, visual artists, filmmakers, and designers produced videos using Sora, now available on OpenAI’s website.

  The model is not yet available to the broader audience, but according to Bloomberg, OpenAI is pitching it to Hollywood studios, agencies, and executives.
  

• Emad Mostaque resigns as Stability AI CEO to focus on decentralized AI initiatives

  After four years of founding and dedication to Stability AI, Emad resigned as CEO and from his position on the Board of Directors. His next mission is to 'ensure AI remains open and decentralized,' committing to fostering transparent and distributed governance in AI. Stepping down from the CEO position at Stability is just the first step in this journey.

  Leaving the company in the capable hands of two interim CEOs, both serving as COO and CTO, Stable Diffusion will continue to thrive as a leader in open multi-modal generative AI.
  

• NVIDIA teams up with Hippocratic AI for healthcare AI agents

  Staffing shortages and access to high-quality healthcare are critical challenges globally. Using NVIDIA's powerful tech stack, the AI agents, built on Hippocratic LLM and named Polaris, are tailored for real-time patient-AI healthcare conversations. This partnership seeks to co-develop 'Empathy Inference,' a feature that enables patients to form deeper emotional connections with voice-enabled AI agents, with super low-latency capabilities.

  Hippocratic's AI agents cost $9 per hour, 4.6 times lower than the average wage of registered nurses in the U.S.
  

• GitHub’s AI-powered Autofix tool turns ‘found’ to ‘fixed’ code flaws

  The tool is currently in public beta for GitHub Advanced Security customers. It identifies and resolves security vulnerabilities during the coding process, streamlining the need for manual code modifications by developers. Presently, it supports Java, JavaScript, TypeScript, and Python, with plans to include more programming languages shortly.

  Reported to autonomously resolve over 90% of alert types, it aims to save valuable development time and allow security efforts to focus on more critical tasks.
  

• The Financial Times debuts Ask FT, its AI chatbot

  Trained on its decades-old archive of publications and articles, the chatbot can answer a wide range of questions, spanning from recent events to past happenings. Currently available to a select group of FT Professional tier subscribers, Ask FT will expand its user base based on feedback received during its beta phase, offering an upgraded performance version to cater to more users.

  FT stated that the chatbot is powered by its own internal search capabilities and a third-party LLM.
  

• Microsoft researchers publish AutoDev, an AI-driven development tool

  In their latest paper, a group of Microsoft researchers introduces a fully automated AI-driven software development framework. This framework leverages AI agents to handle various software engineering tasks, including testing and Git operations.

  With a focus on security, autonomy, and efficiency in the software development process, the methodology has been evaluated and has demonstrated high success rates in code and test generation tasks.

EVENTS
What’s happening in web3 and AI in April?

Check out the events connecting AI and crypto folks around the world 🌎

• 04/03 NFT.NYC in New York City, US

• 04/07 Miami Hack Week

• 04/09 Blockchain in Education Summit in Oxford, UK

• 04/13 Harvard Blockchain Conference in Cambridge, US

• 04/16 Global AI Show in Dubai, UAE

• 04/17 Web3FC in Barcelona, Spain

• 04/17 AI+2024 in Halden, Norway

• 04/19 The AI Rabbit Hole in San Francisco, US

• 04/20 ETHDubai

SCOOPS OF THE WEEK

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