TheDinarian
News • Business • Investing & Finance
šŸ’„A blockchain-based infrastructure for web2 and web3 AI applicationsšŸ’„
Let's Take A Deep Dive On Fetch.Ai
October 07, 2022
post photo preview
  • Fetch-ai Network is developing the infrastructure and tooling for creating Web2 and Web3 AI applications.
  • FET is the native token of Fetch-ai Network. The current main use cases for FET include:
    • Staking: FET is an access deposit token that acts as a form of stake to demonstrate the desire to behave appropriately.
    • Value exchange between agents: FET is required for two agents to perform an exchange of value in the ecosystem.
    • AI/ML access: FET token enables development of and access to a broad range of machine learning and artificial intelligence tasks that are available on the ledger.
  • The project consists of the following major components working in conjunction:
    • Fetch-ai blockchain system: a šŸ’„Cosmos SDKšŸ’„ based self-sovereign blockchain ledger and the supporting tools for developing DApps on the network.
    • Applications built on Fetch-ai: the modular Autonomous Economic Agents (AEAs) and the Digital Twin Platforms that can efficiently and securely communicate peer-to-peer and provide interconnectivity with multiple networks.

Historical daily prices (in USD)

Token Summary

Interesting on-chain metrics that provide a rapid understanding of the state of Fetch

1. Overview

1.1 What is Fetch-ai Network

Fetch-ai Network is a Cambridge-based artificial intelligence lab building an open-access decentralized blockchain based framework with the principal goal of delivering a fully autonomous, agent-based digital economy. The Fetch-ai Network technology stack is built using principles derived from a branch of artificial intelligence known as multi-agent systems. This approach involves solving different problems from the bottom-up by creating individual autonomous software agents that perform actions in the world to accomplish their individual objectives. By combining the actions of multiple agents, it is possible to achieve outcomes that would not be possible with centralized architectures because the environments are too complex, are spatially distributed or involve multiple stakeholders. Blockchain technology involves the design of incentives to successfully coordinate the actions of multiple disinterested parties to achieve a common goal, and can already be seen as the world’s most successful implementation of multi-agent systems. Fetch-ai Network is working to generalize and extend the results from this established research field into new domains in finance, supply chain, mobility, smart cities and IoT applications.

1.2 Token Use Cases

The primary use cases of the FET token are listed below.

  1. Ability to connect agents and nodes to the network: This is an access deposit token that acts as a form of stake to demonstrate the desire to behave appropriately. It modulates the ability for bad actors to flood the network with undesirable nodes or agents due to the escalating cost of doing so.
  2. Value exchange between agents: The FET token is required in order to allow for two agents, regardless of where they are, to perform an exchange of value. The FET token is infinitely divisible, thereby supporting transactions that have very low monetary value, but in aggregate provide new and profound levels of insight.
  3. Access to the digital world: FET tokens are needed to access, view, and interact with the decentralized digital world. This is a space optimized for digital entities: an abstract representation of the real world in many dimensions that allows machines to make sense of and work within. The FET token is needed to gain access to all aspects of this digital world for agents.
  4. Ability to access and develop ledger-based AI/ML algorithms: The FET token enables development of and access to a broad range of machine learning and artificial intelligence tasks that are available on the ledger. These may be primitive services developed by Fetch-ai Network such as: trust and prediction models, or they may be large-scale independently developed services for network users.
  5. For exchange into Fetch-ai Network’s operational fuel: operation costs in Fetch-ai Network are decoupled from the Fetch-ai Network token in a similar way to that of ā€œgasā€ on the Ethereum network but with additional functionalities designed to increase the stability of such a fuel and look at addressing the issues associated with high and low-velocity economies. Fetch-ai Network’s operational fuel allows access to processor time for contract execution and services for agents.

1.3 Products, technical details, consensus mechanism

The Fetch-ai Network blockchain is an interchain protocol based on the Cosmos-SDK, and uses a high-performance WASM-based smart contract language called Cosmwasm to allow advanced cryptography and machine learning logic to be implemented on-chain. This layer is responsible for securing the network through consensus. It also provides staking, governance, and identity services that support digital twin applications. The Fetch-ai Network blockchain relies on a modified version of the Cosmos protocol’s Tendermint Proof-of-Stake (PoS) consensus mechanism to secure the network. And since the Fetch-ai Network blockchain is Cosmos-based, it can be interoperable with other blockchains in the Cosmos ecosystem via the inter-blockchain communication (IBC) protocol. In addition the Feth.ai technology stack further consists of: an agent framework, an open economic framework and an agent communication network.

TheĀ Autonomous agent frameworkĀ is designed to allow for a decentralized digital economy to manifest where each individual and organization is represented by an autonomous economic entity with its own agency. Designed as an actor-like asynchronous message passing system, the framework allows for a high degree of modularity as components largely communicate via messages. Moreover, the framework can be bifurcated in two parts: the core, developed by Fetch-ai Network and external contributors and packages implementing agent-specific business logic. Figure one presents a simplified illustration of the AEA framework.

TheĀ Open Economic Framework (OEF)Ā consists of protocols, languages and market mechanisms agents use to search and find each other, communicate with as well as trade with each other. As such the OEF defines the decentralized virtual environment that supplies and supports APIs for autonomous third-party software agents, also known as Autonomous Economic Agents (AEAs).

TheĀ agent communication networkĀ is a peer-to-peer communication network for agents. It allows AEAs to send and receive envelopes between each other. The implementation builds on the open-source libp2p library. A distributed hash table is used by all participating peers to maintain a mapping between agents' cryptographic addresses and their network addresses. Agents can receive messages from other agents if they are both connected to the ACN (see here for an example).

2. What is Fetch-ai Network?

2.1 Project overview

Fetch-ai Network is a Cambridge-based artificial intelligence lab building an open-access decentralized blockchain based framework with the principal goal of delivering a fully autonomous, agent-based digital economy. The Fetch-ai Network technology stack is built using principles derived from a branch of artificial intelligence known as multi-agent systems.

2.2 Project mission

Fetch-ai Network is working to generalize and extend the results from established research fields such as blockchain, artificial intelligence and multi agent systems into new domains in finance, supply chain, mobility, smart cities and IoT applications, by creating useful antifragile tools, decentralized apps, protocols and frameworks.

2.3 Project value proposition

By bringing data to life Fetch-ai Network solves one of the greatest problems in the data industry today: data can’t sell itself. With Fetch-ai Network, it can. Data is able to actively take advantage of any opportunity to exploit itself in any marketplace, in an environment that’s constantly reorganizing to make that task as easy as possible. Internet-of-things (IOT) devices inhabited by Fetch-ai Network autonomous agents can increase utilization by capitalizing on short-lived opportunities to sell information that they possess in existing, as well as novel, information services markets: an agent in a vehicle can provide weather and road conditions by simply relaying the activity of its windscreen wiper and washer. Through the deployment of agents in combination with machine learning technology, data and hardware can now get up on their own two feet, get out there and sell themselves entirely free of intermediaries or human intervention.

3.Token sales and economics

3.1 Token sales data

Fetch-ai Network leverages its own native cryptocurrency FET as a utility token and the primary medium of exchange on the platform. FET is used to pay for network transaction fees, deploy AI, and pay for services. Users can also choose to stake FET to participate in securing the network via its Proof-of-Stake consensus mechanism and earn rewards in return for contributing to validator nodes.

There is a fixed number of divisible tokens that are used on the Fetch-ai Network network as the digital currency for all transactions, as well as for network operations such as secure communications. Tokens can also constitute an access deposit for both nodes and agents wishing to perform certain operations (as a security mechanism to discourage malicious behavior). Token allocation has been divided amongst public sale, seed investors & private sale, founders & team, advisors, ecosystem, mining rewards, and issuer.

3.2 Token Distribution

The total number of tokens generated is intended to be 1,152,997,5753. No further tokens will be created, but native Fetch-ai Network tokens can be subdivided indefinitely

4. Token Overview & Use Cases

Fetch.ai leverages its own native cryptocurrency FET as a utility token and the primary medium of exchange on the platform. FET is used to pay for network transaction fees, deploy AI, and pay for services. Users can also choose to stake FET to participate in securing the network via itsĀ Proof-of-StakeĀ consensus mechanism and earn rewards in return for contributing to validator nodes.

There is a maximum supply of approximately one billion FET, which exists both in its native form as anĀ ERC-20Ā token that can be used throughout the Ethereum ecosystem, and as a BEP-20 Token that can be used throughout the Binance Smart Chain Network. FET can be easily exchanged through a token bridge at a 1:1 ratio for either the Fetch.ai blockchain mainnet or ERC-20 version as needed. Staking on the Fetch.ai mainnet can earn users high rewards with significantly lower transaction fees for users.

There are a range of use-cases which Fetch-ai Network’s multi-agent systems can tap into and create a decentralized digital economy. From service sectors like Travel or Gig-economy to sectors relying on automation and machine learning like Mobility or Supply chain management, Multi-Agent systems can decentralize access to data and disrupt existing data monopolies.

Starfleit: Starfleit is a decentralized exchange (DEX) where transactions occur directly between crypto traders without needing a centralized market maker but instead using an Automated Market Maker (AMM) developed using Cosmwasm smart contracts. The assets available to swap range from native Fetch-ai Network assets, CW-20 assets, IBC transferable assets, and even assets from other chains outside the Cosmos ecosystem, via the Axelar bridge.

Atomix: Atomix enables stablecoin holders to supply liquidity and receive a yearly yield composed of protocol-generated returns and ATMX rewards. That yield is highly competitive compared to returns delivered by decentralized finance (DeFi) and traditional alternatives.

MOBIX: MOBIX (MOBX), is a Move 2 Earn, decentralized micro-mobility marketplace that incentivizes sustainable urban mobility.

Mettalex: A decentralized crypto and commodities derivatives trading platform, Mettalex is addressing pain points in commodities markets like front running, poor liquidity, price manipulation and loss of value in the form of margin calls.

Resonate.social: Resonate (RESO), decentralized social network for Web3 that enables users for the very first time to have a personal AI-powered, trusted social experience that is automatically sanitized from malicious, untrustworthy sources and actors. Built on the Fetch-ai Network blockchain, Resonate.social empowers users to deploy personalized AI proxies to accomplish any Web3 social economic activity on their behalf within and without the network.

Collective Learning:

The Fetch-ai collective learning module is a tool that enables distributed parties to work together to train machine learning models without sharing underlying data with any of the individual participants. Utilizing blockchain technology and AI learning capabilities, it supports and trains its network to learn from private data without having access to it.

  • AXIM: Axim allows businesses to safely and securely connect data silos, improve their understanding via machine learning models and gain valuable insights to help optimize their business functions, without compromising any of their data privacy.
  • DabbaFlow: DabbaFlow, empowers individuals and companies to take more control over their data and turn them into real business outcomes, while keeping their data private and secure. It is the first of its kind end-to-end encrypted file-sharing platform and is the first step on Fetch-ai Network’s mission to bring AI fully to Web3.
  • OpenColearn: Open CoLearn is a platform to give distributed app developers (Web 3.0) the tools to use AI securely while safeguarding consumers' data privacy and ownership. It bridges the gap between consumers who generate a low volume of data and care about privacy and data ownership and developers who want to provide AI predictions or monetize that data in a distributed way.

Notable use-cases for Collective Learning

  1. COVID-19 detectionĀ : Multiple participants from the healthcare sector trained a machine learning algorithm using Fetch-ai’s Collective Learning to detect COVID-19 in chest x-rays. During these trials, the trained AI model correctly identified COVID-19 cases from a training set of over 1,434 chest X-ray images with 90% accuracy.
  2. Cancer cell detection: In partnership with Poznan Supercomputing Networking Center (PSNC) on Collective Learning, Fetch-ai and PSNC will train algorithms for hospitals and research centers worldwide to identify and detect circulating cancer cells in patients’ blood or tissue biopsies in the future.
  3. Bosch and Fetch-ai - Predictive Maintenance: Predictive maintenance is a process that identifies potential failures of machinery before they happen.To identify potential failures of manufacturing machinery, Bosch is utilizing Fetch-ai’s Collective Learning to predict potential failures in Bosch’s machinery while maintaining data privacy.
  4. Colearn pAInt: This is an art creation platform that allows groups of creators to automatically generate NFTs using Machine Learning. Each piece is one of a kind and sold via auction on OpenSea. \

4.1 DeFi

  • Botswap.fi: This is an automated DeFi Liquidity Management App where users can manage and protect their crypto assets across multiple different chains such as Ethereum (ETH) and Binance Smart Chain (BSC) on Uniswap and PancakeSwap and automate the process of swapping coins, managing liquidity pools, and more by using the Fetch-ai Network AEAs. Just create an agent, a trigger, choose the pairs in your portfolio you want to protect against rug pulls and that’s all, your agent does the work for you through day and night.

4.2 Mobility

  • Deep Parking: The smart parking application of the future. This prototype was demonstrated at the world’s largest automotive conference in Munich, Germany. Tested on a Tesla, Jaguar, and BMW, along with partners - Bosch, Ocean Protocol and Datarella, Deep Parking is an application built upon AI and blockchain technology that finds parking spaces for automobile drivers that were previously unused. Rather than driving into a parking lot hoping to find a space, a Fetch-ai Network digital twin representing your car will search and autonomously communicate with all the local parking spot digital twins to find the nearest available space to your destination and book it for you, before directing you to it. The digital twins negotiate and agree the terms for the parking booking. Once the user has left the parking space, the payment transactions are sent automatically.
  • DDN (Decentralized Delivery Network): Forget Uber, Lyft, Deliveroo and any other centralized service providers you know of. That’s what DDN or decentralized delivery network is about - where you can interact with a service provider, negotiate your price and travel/have items delivered and have this done autonomously on your behalf. The advantages are plenty - you return value to local economies, you have unparalleled level of privacy and everything is decentralized - which means you keep control of your data

4.3 Travel

  • The FET powered Travel marketplace delivers an alternative method by which bookings can be taken: one where the customer and hotels deal with each other directly and as a result offer significant cost savings for both hotels and consumers. It aims to provide an unparalleled level of privacy for all its users by moving the private data away from centralized entities by keeping it safe in each user’s smartphone and a personalized booking experience.

4.4 Supply Chain

  • The partnership between Fetch-ai Network and LiquidChefs aims to utilize Fetch-ai Network’s Autonomous Economic Agents integrated with its Search and Discovery Framework to build local and transparent supply chains, allowing LiquidChefs to search and connect with any sustainable supplier in its immediate vicinity. By digitizing and automating the LiquidChefs supply chain, Fetch-ai Network infrastructure will create a decentralized supply chain marketplace. This marketplace connects buyers and suppliers agents, in real time, to support dynamic, scalable, multi-agent supply chains.
  • This will allow individuals, organizations and assets to be represented as autonomous agents which work autonomously based on the users’ needs and preferences, such as finding local and sustainable suppliers. The decentralized supply chain marketplace was showcased at the Davos World Economic Forum in 2022.

5. Roadmap & Updates

5.1 Completed Milestones

Completion DateMilestoneCommentary
2020: Q3Launch of AtomixMedium Announcement
2021: Q1First stable release of the Agent (AEA) framework v1.0 releasedLink
2021: Q1Fetch-ai Network Mainnet v2.0 launchedLink
2021: Q2FET listed on CoinbaseLink
2021: Q2DeFi Agents (recently renamed to BotSwap) releasedLink
2021: Q2Multi-modal transport demo at IAAMedium Announcement
2021: Q4App demo for ethical and sustainable supply chains showcased at WEF Davos 2022Medium Announcement
2021: Q4FET listed on BitstampLink
2021: Q4FET listed on GeminiTweet
2022: Q1$150M Development fund launchedLink
2022: Q1Resonate.social launchedLink
2022: Q1FET listed on etoroLink
2022: Q1FET listed on VoyagerLink
2022: Q1Fetch-ai Network joins IBC and FET/OSMO listed on Osmosis DEXLink
2022: Q2FET listed on Kraken, Bitpanda,Link
2022: Q2DabbaFlow (CoLearn) launchedLink
2022: Q3Native FET token listed on Binance USTweet
2022: Q340000 new users onboarded to Fetch-ai NetworkLink

5.2 Current Roadmap

2022 Q3-Q4

  • Fetch-ai Network
    • Maintenance upgrade of the Fetch-ai Network for any security patches from the upstream Cosmos SDK releases
    • Eridanus release which will bring support for Group Module, BLS signatures, and cross chain composability using interchain accounts. This will also include patches from the upstream Cosmos SDK releases
  • External Protocol Integrations
    • Integrate with theĀ Axelar bridgeĀ to support bi-directional transfer of Axelar supported EVM assets (including popular stablecoins) between the EVM ecosystem and the Fetch Ecosystem
    • Integrate with theĀ SubQuery Indexer protocolĀ to bring fast querying capabilities to the other Fetch-ai Network products such as the Fetch Wallet, and the Fetch Explorer. Additionally, make it available for the Fetch-ai Network Ecosystem projects by providing a Fetch-ai Network hosted indexing service.
  • Products and Tools
    • Fetch Wallet features
      • Integrating wallet to wallet messaging and notification service, including group messaging and group notification support
      • Swap support with integration of the Fetch-ai Network Ecosystem DEX - Starfleit
      • Other Features (non-exhaustive list)
    • Fetch Station Explorer Features
      • Improved UI/UX for general areas such as accounts and governance proposal
      • Ability to query and interact with contracts
      • NFT support
    • AEA - Autonomous Economic Agent framework and ACN - Agent Communication Network
      • Increasing community engagement to gather feedback for future feature development
      • Release improved documentation and education content on AEAs
      • Initial set of Agent component examples and crowdsourced examples for the AEA registry
    • Jenesis shell tool
      • Initial beta release of Jenesis shell tool to provide scaffolding for bootstrapping DApp development on the Fetch-ai Network
  • Ecosystem and Community (non-exhaustive list)
    • Launch Fetch Improvement Proposal (FIP) process
    • Launch of Fetch’s Digital Twin platform applications
    • Launch of Atomix Real-World Asset (RWA) lending protocol on the Testnet
      • Launch of RWA backed stable coin on the Testnet
    • Launch of Fetch-ai Network ecosystem DEX - Starfleit
    • Launch of GetMySlice GDPR compliant data sharing service

2023 Q1-Q2

  • Fetch-ai Network
    • Formax release supporting Cosmos SDK Lambda upgrade (v9)
    • Gemini release supporting Cosmos SDK Epilson upgrade (v10)
  • External Protocol Integrations
    • Add support for generic message passing from theĀ Axelar bridgeĀ to support cross chain and cross ecosystem composability
    • Support upstream changes for the Axelar Bridge integration
    • Support upstream changes for the SubQuery Indexer integration
  • Products and Tools
    • Fetch Wallet features
      • Native mobile wallet
      • Bi-directional Open Banking integration
      • Support for EVM chains
      • Swap support for EVM assets using the Axelar Bridge
      • Off-chain decentralized peer-to-peer communication support
      • Wallet based analytics
    • Fetch Station Explorer Features
      • Launch of the Fetch Name Service
    • AEA - Autonomous Economic Agent framework and ACN - Agent Communication Network
      • Improved AEA registry
      • Improved Agent graphical UI
    • Jenesis shell tool
      • Add contract IDE and testing capabilities
  • Ecosystem and Community (non-exhaustive list)
    • Launch of Atomix Real-World Asset (RWA) lending protocol on the Mainnet
    • Launch of RWA backed stable coin on the Mainnet

5.3 Commercial and Business Development Progress

  • Bosch
    • Bosch is working with Fetch-ai Network as part of the launch of a fully functional blockchain network (v2.0 main-net), testing key features on the test-net. Sharing a common vision, the strategic advance engineering project ā€œEconomy of Thingsā€ (EoT) at Bosch Research and Fetch-ai Network aim to transform existing digital ecosystems using distributed ledger technologies (DLT) like blockchain.
  • Catena X
    • Catena-X is the first integrated, collaborative, open data ecosystem for the automotive industry of the future.
    • Together with other partners, Fetch-ai Network is supporting the Catena-X group in building a digital ecosystem that provides equal collaboration of all the stakeholders by setting up new standards in the automotive value chain along with building greater manufacturing and supply chain efficiency.
  • moveID
    • moveID is part of theĀ Gaia-X 4 Future MobilityĀ project family consisting of five consortia and aims to develop a decentralized digital identity infrastructure for mobility in Europe
    • Together with partners within moveID, Over the next three years, the GAIA-X 4 moveID project is set to develop the necessary standards and technological concepts to enable the secure exchange of information between providers of mobility applications and their customers. The goal is to create decentralized digital vehicle identities. This is an important prerequisite for the mass use of electric vehicles, automated driving, and the establishment of connected cities. GAIA-X 4 moveID is supported to the tune of 14 million euros by the German Federal Ministry for Economic Affairs and Climate Action – covering half of the project costs.
  • IOTA
    • IOTA is an open-source distributed ledger and cryptocurrency designed for the Internet of things.
    • Fetch-ai Network and IOTA’s collaboration enables granular control over data and to reduce the reliance on centralized systems that take advantage of data.
  • LiquidChefs
    • LiquidChefs specialise in the supply of portable bar hire, events bars and mobile cocktails bars, as well as, slick and stylish bartenders and baristas for any private or corporate event
    • This partnership paves the way for increased transparency within supply chains using autonomous economic agents and was showcased at WEF Davos 2022
  • IAA Mobility 2021
    • The IAA (Passenger Cars) event & brand is known as Germany's leading international automotive trade fair.
    • Fetch-ai Network along with its partners — Bosch, Datarella, and Ocean Protocol showcased our exciting collaboration demonstrating the technology involved in Deep Parking. Deep Parking is an application built upon AI and blockchain technology that finds parking spaces for automobile drivers that were previously unused.

6. Team Overview

Humayun Sheikh
Founder and CEO
Entrepreneur, Investor and Visionary | Founding Investor in DeepMind | Founder, CEO of uVue and itzMe | Passionate about Future of Distributed Economy | Key Focus on AI, Machine Learning, Blockchain and Token-based economies
Ā 
Jonathan Ward
CTO
Senior Algorithm Engineer at DNA Electronics, Research Scientist at EMBL, Led development of novel minimal agency consensus protocol that solves node-as-intermediaries problem and makes blockchain viable for financial applications.
Ā 
Kamal Ved
CPO - Fetch-ai Network
Venture Partner at Lunar Ventures, Executive director at brainbot technologies AG, Independent Technology and Business Strategy Consultant at Bosch.
Ā 
Devon Bleibtrey
CPO - Fetch-ai app
Director of Technology at ESG Automotive USA, Director of Product development at Auklet, Co-Funder at Push Display. Advocate of effective team communication and collaboration.
Ā 

7. Community

Telegram (English)
Telegram (Chinese)
Reddit

Ā 
community logo
Join the TheDinarian Community
To read more articles like this, sign up and join my community today
0
What else you may like…
Videos
Podcasts
Posts
Articles
Stargate: Establishing the Physical Foundations of the AI Revolution šŸ›°ļøšŸŒŽ

The Stargate initiative represents the most substantial investment in artificial intelligence infrastructure to date, as it begins to materialize on a global scale. While many perceive AI as an ethereal technology—simply accessed via applications like ChatGPT šŸ¤–ā€”each digital interaction is, in fact, powered by extensive physical resources: vast data centers šŸ¢, thousands of cutting-edge GPUs šŸ’¾, sophisticated cooling systems šŸ’§, dedicated power grids ⚔, and essential water pipelines 🚰. AI does not reside on personal devices; it is anchored on Earth and demands significant resources.

As artificial intelligence continues to advance, its infrastructure needs only intensify. Regardless of improvements in model efficiency, the explosive growth in usage—billions of queries, ongoing model training, and worldwide deployment—necessitates ever-greater computing power, land, electricity, and semiconductors. This expansion is not plateauing; it is accelerating šŸ“ˆ.

Stargate stands ...

00:01:55
🚨 A Senior UAE Official Has Forecasted...šŸ‘€

šŸ‡¦šŸ‡Ŗ The United Arab Emirates has taken a decisive step that the United States has been reluctant to pursue.

šŸ‘‰ ā€œWithin the next two years, cryptocurrency will be used more frequently than traditional currencies like the dollar or dirham, even for everyday purchases such as coffee and groceries.ā€ šŸ¦ā˜•šŸ›’

It is worth noting which cryptocurrencies offer transaction fees that are virtually negligible. šŸ˜

The official further stated: ā€œMark my words, I believe in actions, not just words.ā€

00:01:00
The Digital Euro šŸ‡ŖšŸ‡ŗ Is Ready šŸ’¶šŸŒ Via XRP &XLM

The legislative process is complete, and the Digital Euro šŸ‡ŖšŸ‡ŗ is ready for real time use and October 2025 is the big roll out.

Around this time Europe will also be releasing their
•Request2pay
• SEPA credit transfer rulebook
•PSD3 instant payments
•Verification of payee
•TIPS multi-currency phase 1

The Digital Euro will be minted on #XRPL and #Stellar

OP: MRMANXRP

00:00:27
šŸ‘‰ Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? šŸ”œ

The future of Crypto x AI is about to go crazy.

šŸ‘‰ Here’s what you need to know:

šŸ’  'Based Agent' enables creation of custom AI agents
šŸ’  Users set up personalized agents in < 3 minutes
šŸ’  Equipped w/ crypto wallet and on-chain functions
šŸ’  Capable of completing trades, swaps, and staking
šŸ’  Integrates with Coinbase’s SDK, OpenAI, & Replit

šŸ‘‰ What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto šŸ‘‰txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

šŸ‘‰ Coinbase just launched an AI agent for Crypto Trading
Veritaseum Hodlers, Are You Ready For Chaos? šŸš€ šŸ‘©‍šŸš€

What would happen if Veritaseum was "Resurrected" from the Land of Dead Cryptos? Would Clif High's prediction of Veri trading 1 to 1 with Bitcoin actually come TRUE?! We may just find out SOONER than you think!!

$Velos New Payfi Litepaper šŸ“

As the market evolves, so do we. Our new PayFi Litepaper reflects our commitment to adapt fast, stay ahead, and win.

Dive into our latest vision and strategy for what’s next.

https://x.com/veloprotocol/status/1917550676860887446

Reggie Middleton vs The SEC

The Motion to Vacate the SEC case against @ReggieMiddleton was filed on Friday May 30th, 2025 and contains NEW EVIDENCE clearly illustrating the alleged Fraud Upon the Court by SEC attorney Jorge Tenreiro.

It’s Reggie’s time to shine and this is going to be Epic!

Watch for a Video and further X posts breaking down this New Evidence.

https://x.com/SovereignRiz/status/1928836032964804760

post photo preview
Stellar's Ecosystem Surges Forward: Smart Contracts, Lightning Speed, and Real-World Impact in 2025

The Stellar blockchain ecosystem is experiencing remarkable momentum in 2025, with groundbreaking technical achievements and expanding real-world adoption that position it as a major player in the decentralized finance landscape. From lightning-fast transaction speeds to innovative smart contract capabilities, Stellar is demonstrating that blockchain technology can deliver both performance and practical utility.

Technical Breakthroughs Drive Performance

The Stellar Development Foundation's Q1 2025 quarterly report reveals impressive technical milestones that showcase the network's maturation. The platform now processes an astounding 5,000 transactions per second with remarkably fast 2.5-second block times, putting it among the fastest blockchain networks in operation today.

This performance leap isn't just about raw numbers—it represents Stellar's commitment to creating infrastructure that can handle real-world demand. Whether it's cross-border payments, asset tokenization, or decentralized applications, the network's enhanced capabilities provide the foundation for scalable blockchain solutions.

Smart Contracts Get Smarter with Soroban

One of the most significant developments has been the launch and continued evolution of Soroban, Stellar's smart contract platform. The introduction of Contract Copilot represents a major advancement in developer experience, enabling faster and safer smart contract development through enhanced tooling and guidance.

This focus on developer experience is crucial for ecosystem growth. By lowering barriers to entry and improving the development process, Stellar is positioning itself to attract innovative projects and talented developers who might otherwise choose competing platforms.

New Token Standards Meet Market Needs

The Stellar Development Foundation has introduced new token standards developed specifically based on feedback from developers and institutional users. This responsive approach to platform development demonstrates Stellar's commitment to building technology that meets actual market needs rather than theoretical requirements.

These standards are particularly important as institutional adoption continues to grow, with organizations requiring robust, compliant, and flexible token frameworks for their blockchain initiatives.

Global USDC Integration Expands Utility

The integration of USDC across Stellar's global network represents a significant milestone for practical cryptocurrency adoption. Stablecoins like USDC provide the price stability necessary for everyday transactions and business operations, making them crucial for blockchain platforms seeking real-world utility.

This integration is particularly impactful in emerging markets, where access to stable digital currencies can provide financial services to underbanked populations and facilitate more efficient cross-border transactions.

Industry Events Build Community Momentum

The Stellar ecosystem's growing influence is evident in its presence at major industry events. The foundation's participation as a sponsor at Consensus 2025 in Toronto and Digital Assets Week in New York demonstrates its commitment to engaging with builders, investors, and institutional leaders across the blockchain space.

These events serve as crucial networking opportunities and platforms for showcasing innovative projects within the Stellar ecosystem. Recent Meridian events have highlighted creative projects like Skyhitz and HoneyCoin, illustrating the collaborative spirit and diverse applications being built on the platform.

Real-World Impact in Emerging Markets

Perhaps most importantly, Stellar's growth isn't just about technical metrics—it's about real-world impact. The platform's focus on emerging markets addresses genuine financial inclusion challenges, providing efficient payment rails and access to digital financial services where traditional banking infrastructure may be limited.

This practical approach to blockchain implementation sets Stellar apart from projects that focus primarily on speculative trading or theoretical use cases. By solving actual problems for real users, Stellar is building sustainable demand for its technology.

Looking Ahead: Enterprise-Grade Infrastructure

Stellar positions itself as offering enterprise-grade asset tokenization alongside its DeFi capabilities and payment infrastructure. This comprehensive approach makes it attractive to institutions looking for a single platform that can handle multiple blockchain use cases.

The combination of fast transactions, low costs, smart contract capabilities, and regulatory-conscious development creates a compelling value proposition for enterprises considering blockchain adoption.

The Road Forward

As 2025 progresses, Stellar's ecosystem appears well-positioned for continued growth. The technical infrastructure improvements, developer-focused enhancements, and real-world adoption initiatives create a strong foundation for expanding use cases and user adoption.

The blockchain industry has seen many projects promise revolutionary capabilities, but Stellar's focus on delivering measurable performance improvements and practical solutions suggests a mature approach to blockchain development. With transaction speeds that rival traditional payment systems and growing institutional adoption, Stellar is demonstrating that blockchain technology can move beyond experimental phases into mainstream utility.

For developers, institutions, and users looking for blockchain solutions that prioritize both performance and practical applicability, Stellar's 2025 developments represent significant progress toward a more accessible and useful decentralized financial ecosystem.

Source: The Dinarian ⚔ Claude AI

šŸ™ Donations Accepted šŸ™

If you find value in my content, consider showing your support via:

šŸ’³ PayPal:Ā 
1) Simply scan the QR code below šŸ“²
2) https://www.paypal.me/thedinarian

šŸ”— Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! NamastĆ© šŸ™ The Dinarian

Read full Article
post photo preview
Soroban Security Audit Bank: Raising the Standard for Smart Contract Security

The Stellar Development Foundation (SDF) is deeply committed to helping ensure that the highest security standards are available for projects building on the Stellar network. Last year SDF launched the Soroban Security Audit Bank, an initiative to provide projects access to auditing experts and tooling that are proven to help prevent hacks by catching potential bugs, inefficiencies, and security flaws before contracts go live. Through the Soroban Security Audit Bank, we’re empowering teams building on Soroban with comprehensive security audits from leading audit firms, enhanced readiness support, and robust tooling, significantly elevating the ecosystem’s safety and efficiency.

SinceĀ launch, the Soroban Security Audit Bank has successfully conductedĀ over 40 essential audits, deploying over $3 million to support security of the smart contracts on Stellar. Check it out!

Ā 

Ecosystem Success Stories: How the Soroban Audit Bank Drives Security Forward

By making automated formal verification available to developers, in addition to allocating significant budget for securing many of the top DeFi protocols built on top of Stellar, SDF has established a new security standard in the Web3 ecosystem. –Mooly Sagiv,Ā Co-FounderĀ of Certora
SDF has been a strong partner as we’ve worked with teams across the Stellar ecosystem. SDF’s Audit Bank initiative allows for a smooth and streamlined review process, and is a clear reflection of the Stellar ecosystem’s enhanced commitment to security. –Robert Chen,Ā CEOĀ of OtterSec
Ā 

Leading projects within the Soroban ecosystem have highlighted the impact of the Audit Bank

Finding a good auditor is difficult, expensive, and high-stakes. The Audit Bank streamlines the process and supports ecosystem projects with security review at critical growth milestones. –Markus Paulson,Ā Co-FounderĀ of Script3
The audit firms we worked with deeply understood the full ecosystem and the underlying protocols used. Their expertise and the tools from the Audit Bank strengthened our security and supported user and investor trust. –Esteban Iglesias ManrĆ­quez,Ā Co-Founder of Palta.Labs

What's New in 2025: Enhanced Audit Support for Soroban Builders

Teams building financial protocols, high-dependency data services, high-traction dApps funded by the Stellar Community Fund are able to request an audit and will typically be matched with a reputable audit firm within two weeks. We recently restructured the program for this year to enhance audit efficiency and incentivize accountability, and rapid and complete vulnerability remediation:

  • Complimentary Initial Audit: Projects will need to contribute 5% of the audit cost upfront, but this co-payment amount is eligible for a full refund, provided that critical, high, and medium vulnerabilities identified are swiftly remediated within 20 business days of receiving the initial audit report (learn more).
  • Incentivized Security at Key Traction Milestones: Complimentary, extensive follow-up audits are available as projects achieve critical traction milestones (e.g., $10M and $100M TVL). These audits include deeper assessments such as formal verification or competitive audits, significantly boosting project security at pivotal stages.
  • Advanced Security Tooling: Projects can enhance their security self-serve through complimentary or discounted access to specialized tooling, which provide vulnerability detection and formal verification capabilities (see full list of available tooling). These tools are encouraged to capture ā€˜easy-to-spot’ issues prior to audit as well as a final check post-audit to increase the effectiveness and thoroughness of audits.
  • Enhanced Audit Readiness Support: Projects receive structured preparation support, including the implementation ofĀ best practices and security standardsĀ based on the STRIDE threat modeling framework. This ensures project teams are thoroughly prepared, optimizing audit efficiency and minimizing delays.

Get Started Today

If you're already funded through the Stellar Community Fund,Ā meet the criteriaĀ and ready to secure your smart contracts, check your email for an invitation to submit an audit request–if you haven’t received one, contactĀ [email protected].

If you haven't built on Stellar yet, we encourage you to start your journey with theĀ Stellar Community FundĀ to become eligible for future security audits and ecosystem support. For any broader questions on the program, contactĀ [email protected].

Also, we’re organizing an exciting series of workshops–join us for the kick-off onĀ Soroban Security Best PracticesĀ on Friday, May 30, 2025 at 2 PM ET onĀ @StellarOrg. Together, we're shaping a secure and resilient future for smart contracts on Stellar.

Source

šŸ™ Donations Accepted šŸ™

If you find value in my content, consider showing your support via:

šŸ’³ PayPal:Ā 
1) Simply scan the QR code below šŸ“²
2) https://www.paypal.me/thedinarian

šŸ”— Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! NamastĆ© šŸ™ The Dinarian

Read full Article
post photo preview
Santander mulls stablecoin, crypto offering

BloombergĀ reported thatĀ Banco SantanderĀ is mulling introducing euro and dollar stablecoins, or potentially making a third party coin available to clients, citing sources. This move aligns with broader crypto ambitions, as its digital bank, Openbank, has reportedly applied for a European cryptocurrency license under the Mica Regulations and may enable retail access to digital assets.

Systemically important banks embrace stablecoins?

Major banks are now moving from observers to participants in this expanding market. Should Santander confirm plans to launch a stablecoin, it will be the fourth global systemically important bank (G-SIB) to do so. Societe Generale’s FORGE subsidiary launched theĀ EURCVĀ euro coin in 2023. Deutsche Bank is a partner inĀ ALLUnity, another stablecoin initiative with plans to launch this year, subject to regulatory approval. AndĀ Standard CharteredĀ is part of a joint venture in Hong Kong that intends to introduce a stablecoin.

Santander’s involvement could extend beyond an individual initiative. The bank is a shareholder in The Clearing House, where the Wall Street Journal reported thatĀ US banks are exploringĀ the potential to create a joint stablecoin. If a US initiative took that route it could involve nine more G-SIBs including Bank of America, Barclays, BMO, BNY Mellon, Citi, HSBC, JP Morgan, TD Bank and Wells Fargo.

Apart from these initiatives, our research shows that more than 20 other banks have been involved in stablecoin projects.

Until recently stablecoins were mainly used to settle cryptocurrency transactions and by residents in countries with volatile domestic currencies. During the last yearĀ stablecoinĀ infrastructure has been expanding, especially for mainstream cross border payments. Plus, President Trump issued an executive order prioritizing stablecoins. One of the administration’s motivations is this increases demand for US Treasuries,Ā lowering the interest rateĀ the government pays on the Treasury bills.

Santander as an early digital assets mover

Santander’sĀ stablecoin consideration builds on years of blockchain experience. The bank was an early Ripple investor and previously used Ripple’s permissioned network for payments (not XRP), while also embracing permissionless blockchain activities including issuing aĀ digital bond on EthereumĀ in 2019. This dual approach led to collaborations with other major players – alongside Societe Generale FORGE and Goldman Sachs, Santander participated in theĀ European Investment Bank’s first digital bond, also on Ethereum. Currently, the bank’s most significant digital money initiative involves Fnality, the wholesale blockchain-based settlement network, where Santander ranks among 20 institutional backers and is part of the early adopter group alongside Lloyds Bank and UBS.

Source

šŸ™ Donations Accepted šŸ™

If you find value in my content, consider showing your support via:

šŸ’³ PayPal:Ā 
1) Simply scan the QR code below šŸ“²
2) https://www.paypal.me/thedinarian

šŸ”— Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! NamastĆ© šŸ™ The Dinarian

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals