Advanced Blockchain Invests $50,000 in Silencio Network for Global Noise Data Collection

05.09.2024 13 times read 0 Comments

Advanced Blockchain Invests $50,000 in Silencio Network for Global Noise Data Collection

According to Coin Kurier, Advanced Blockchain has made a significant investment of $50,000 into the Silencio Network. This investment secures them 0.125% of the total token supply and an unspecified equity stake. The Silencio Network leverages blockchain technology to collect global noise data as part of Decentralized Physical Infrastructure Networks (DePIN). Users are incentivized to gather and submit noise pollution data.

Wallstreet:online also reports that Advanced Blockchain AG announced this strategic move aimed at capturing precise local real-time noise pollution data through citizen science initiatives. With over 300,000 sensors already installed globally and more than six million location check-ins recorded, Hatem Elsayed, COO of AB, highlights the innovative nature of this DePIN sector investment.

Dwinity Opens New Possibilities for Predictive AI

A report from wallstreet:online reveals that Dwinity is enabling consumers and organizations to securely store and utilize sensitive data anonymously since August's test phase launch. Using decentralized storage via blockchain technology ensures high-quality data essential for developing trustworthy AI applications. An official market release is anticipated by Q4/2024.

Cardano’s Democracy Questioned Amidst Cheng-Hard Fork Implementation

The German site FXStreet questions whether Cardano's recent Cheng-Hard Fork genuinely promotes democratic participation or if it merely benefits large ADA holders. Despite promises of a self-governed future within its community-driven ecosystem, there remains skepticism about power concentration among major investors.

DEX Trading Declines Within Binance Ecosystem

BTC-ECHO reports a sharp decline in trading volumes on decentralized exchanges operating on BNB Chain—down nearly 30% within seven days according to DeFiLlama data comparisons, with Ethereum’s lesser drop of eleven percent during the same period. Active addresses have decreased by eighteen percent per DappRadar statistics; however, Solana surpassed Binance regarding Total Value Locked (TVL), while Binance Coin saw a six percent price increase compared to previous day values despite these setbacks.

Infineo Mints $100 Million in Tokenized Life Insurance on Provenance Blockchain

An article from FinanzNachrichten.de details how Infineo minted life insurance policies worth $100 million using Provenance Blockchain infrastructure within just three months—a milestone marking rapid growth towards digitizing traditional financial assets like life insurance into accessible digital formats offering enhanced security and liquidity options benefiting policyholders, carriers, and investors alike under their Policy Ledger System initiative aiming at revolutionary changes across this trillion-dollar industry segment leveraging advanced technologies such as blockchain and artificial intelligence tools/services provided collaboratively alongside ProvLabs expertise, supporting broader adoption trends observed worldwide today!

Samsung Collaborates with Sony & Startale Labs on Soneium Blockchain Project

Sony recently partnered strategically, aligning efforts together and working closely alongside Samsung Next, investing significantly in backing Web3-focused firm Startale Labs. They are addressing key challenges currently hindering widespread acceptance and adoption rates seen throughout emerging ecosystems involving decentralization concepts, tools, and applications. This collaboration aims to further enhance overall scalability and interoperability, crucially important for driving innovation forward and ultimately shaping future directions. Updates shared publicly available sources, including Crypto News Flash, cover related developments extensively, providing comprehensive insights and valuable perspectives that contribute meaningfully to ongoing discussions surrounding the evolving landscape. This environment is continually transforming dynamically, featuring cutting-edge advancements.

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