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Theta Network Launches EdgeCloud, the First Hybrid Cloud-Edge Computing Platform for AI, Video and Rendering
May 02, 2024
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Theta Network, the leading blockchain decentralized cloud for AI, media and entertainment, is excited to announce the launch of Theta EdgeCloud, the first hybrid computing platform for AI, video and rendering applications.

Theta's new hybrid cloud-edge computing platform arrives at a critical point, driven by three major industry trends: the widespread adoption of AI across various sectors, forecasted to grow tenfold by 2030; the exponential rise in global video and 3D rendering demand, notably for high-resolution content; and the increasing necessity for modular infrastructure compute services to manage the surge in computation data.

Theta EdgeCloud harnesses the untapped potential of thousands of distributed CPU and GPU nodes worldwide, alongside a sophisticated cloud-based architecture. By optimizing the price-to-performance ratio across these nodes, Theta aims to democratize access to high-performance computing resources, fostering innovation and efficiency across multiple industries and creative endeavors.

EdgeCloud is one of the largest hybrid edge-cloud compute networks in the world, bridging high-performance cloud-based Nvidia A100, V100 and T4 GPUs from partners like Google Cloud and Theta’s decentralized network of 10,000+ global edge nodes. Theta’s Edge Network comprises one of the largest clusters of distributed GPU computing power in the world today. High-performance GPUs, including Nvidia 3090s to 4090s (~1000 nodes), deliver 36,392 TFLOPS; medium-tier GPUs (~2000 nodes) deliver 28,145 TFLOPS; and low-end GPUs (~7000 nodes) deliver an additional 13,002 TFLOPS. This amounts to a total of approximately 77,538 TFLOPS or about 80 PetaFLOPS today, roughly equivalent to 250 NVIDIA A100s, always available.

“The overall market for computing services is expected to grow significantly over the next decade, driven by AI applications across a number of industries. Enterprise spending on cloud infrastructure services reached nearly $74 billion in 2023, with generative AI clearly being one of the main drivers. We’re excited to launch the first hybrid cloud-edge AI computing platform that’s powered by one of the largest distributed GPU networks and the leading Web3 community for AI, media, and entertainment,” said Mitch Liu, co-founder and CEO of Theta Network.

The First Hybrid Edge Cloud AI Network at Global Scale

EdgeCloud delivers a global-scale edge network and a cloud-based GPU infrastructure necessary for running today’s largest AI models. While chatbots like ChatGPT and other large language models are compute-intensive, new generative AI models such as text-to-video, text-to-3D, and sketch-to-3D require 10-100x the amount of computational power. The combined GPU compute power of EdgeCloud is sufficient to run more than 300-1000+ AI models concurrently, arguably holding the keys to the world’s most valuable and disruptive asset: global GPU compute.

At launch, AI developers can select and deploy popular generative AI and large language models like Stable Diffusion, Llama 2, Mistral, and many other open-source AI models straight out of the box, as well as deploy their own custom models. EdgeCloud provides these users immediate access to key GPU resources including NVIDIA A100s, V100s, T4s, and other GPUs, complete with accompanying dashboards and metrics for their various business use cases. EdgeCloud will launch with about a dozen open-source AI models, representing the most popular in the industry with millions of downloads:

  • LLMs: Mistral-8x7B, Mistral-7B, Google Gemma-7B, Meta Llama-2—7B
  • Image generation: Stable Diffusion XL (SDXL) Turbo, ControlNet
  • Text-to-video: Stable Video Diffusion
  • Speech recognition: OpenAI Whisper
  • Code generation: CodeLlama

Later this year, Theta will launch its hybrid cloud decentralized GPU marketplace, fully integrated into the EdgeCloud platform. This integration will provide AI developers and enterprises alike with a simple point-and-click capability to train, fine-tune, and deploy both open-source and custom models across cloud partners, decentralized GPU edge nodes, and other data center partners.

Generative AI Showcase and Jupyter Notebook support

EdgeCloud also launches with a generative AI showcase that enables free interaction with several GenAI models for end users and community members. This provides a great trial experience and an opportunity to see how novel AI applications can be built on the platform.

EdgeCloud offers out-of-the-box support for Jupyter Notebook, a web-based interactive computing/coding tool indispensable for AI model development. Customers and partners can start utilizing the platform immediately with full Stripe payment integration, and TFUEL payment support will be added soon after.

About Theta Labs

Theta Labs pioneered Theta Network, the leading blockchain decentralized cloud for AI, media and entertainment. Theta EdgeCloud is the first hybrid cloud-edge computing AI platform, powered by the Theta Edge Network with over 10,000 active global edge nodes and 80 PetaFLOPS of always available distributed GPU compute power. Theta is among the top 10 DePIN blockchains by market capitalization listed on both Coinmarketcap and Coingecko, and among the top AI tokens on Binance.comTheta Video API is a turn-key Web3 video API for developers offering significantly lower video transcoding and content delivery costs. Theta’s Web3 infrastructure including ThetaDrop NFT marketplace and Theta Web3 Theatre enable entertainment companies to drive new revenues and community engagement.

Backed by Google, Samsung, Sony, Creative Artists Agency, and Binance, Theta’s enterprise validator and governance council is composed of global market leaders. Theta has partnered with leading entertainment brands including Lionsgate, MGM, Katy Perry,  American Idol, The Price is Right, Taste of Home, and more. Popular platforms utilizing Theta’s Web3 infrastructure include MetaCannes Film3 Festival, FuseTV, CONtv Anime, WPT, PetCollective, FailArmy, and other OTT streaming services. Theta’s strategic corporate investors include Samsung NEXTSony Innovation FundBertelsmann Digital Media Investments and CAA.

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Jays info:
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Looking ahead to Phase 3: Total market coverage.

→ 200–300 new symbols added each month
→ 3K+ by year-end, 10K+ in 2026
→ Complete coverage across: trading venues, OTC markets, permissioned & unpermissioned DeFi

Pyth will become the most comprehensive financial data layer in the world.

https://x.com/PythNetwork/status/1963255788698484942

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Stay safe.

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The Great Onboarding: US Government Anchors Global Economy into Web3 via Pyth Network

For years, the crypto world speculated that the next major cycle would be driven by institutional adoption, with Wall Street finally legitimizing Bitcoin through vehicles like ETFs. While that prediction has indeed materialized, a recent development signifies a far more profound integration of Web3 into the global economic fabric, moving beyond mere financial products to the very infrastructure of data itself. The U.S. government has taken a monumental step, cementing Web3's role as a foundational layer for modern data distribution. This door, once opened, is poised to remain so indefinitely.

The U.S. Department of Commerce has officially partnered with leading blockchain oracle providers, Pyth Network and Chainlink, to distribute critical official economic data directly on-chain. This initiative marks a historic shift, bringing immutable, transparent, and auditable data from the federal government itself onto decentralized networks. This is not just a technological upgrade; it's a strategic move to enhance data accuracy, transparency, and accessibility for a global audience.

Specifically, Pyth Network has been selected to publish Gross Domestic Product (GDP) data, starting with quarterly releases going back five years, with plans to expand to a broader range of economic datasets. Chainlink, the other key partner, will provide data feeds from the Bureau of Economic Analysis (BEA), including Real Gross Domestic Product (GDP) and the Personal Consumption Expenditures (PCE) Price Index. This crucial economic information will be made available across a multitude of blockchain networks, including major ecosystems like Ethereum, Avalanche, Base, Bitcoin, Solana, Tron, Stellar, Arbitrum One, Polygon PoS, and Optimism.

This development is closer to science fiction than traditional finance. The same oracle network, Pyth, that secures data for over 350 decentralized applications (dApps) across more than 50 blockchains, processing over $2.5 trillion in total trading volume through its oracles, is now the system of record for the United States' core economic indicators. Pyth's extensive infrastructure, spanning over 107 blockchains and supporting more than 600 applications, positions it as a trusted source for on-chain data. This is not about speculative assets; it's about leveraging proven, robust technology for critical public services.

The significance of this collaboration cannot be overstated. By bringing official statistics on-chain, the U.S. government is embracing cryptographic verifiability and immutable publication, setting a new precedent for how governments interact with decentralized technology. This initiative aligns with broader transparency goals and is supported by Secretary of Commerce Howard Lutnick, positioning the U.S. as a world leader in finance and blockchain innovation. The decision by a federal entity to trust decentralized oracles with sensitive economic data underscores the growing institutional confidence in these networks.

This is the cycle of the great onboarding. The distinction between "Web2" and "Web3" is rapidly becoming obsolete. When government data, institutional flows, and grassroots builders all operate on the same decentralized rails, we are simply talking about the internet—a new iteration, yes, but the internet nonetheless: an immutable internet where data is not only published but also verified and distributed in real-time.

Pyth Network stands as tangible proof that this technology serves a vital purpose. It demonstrates that the industry has moved beyond abstract "crypto tech" to offering solutions that address real-world needs and are now actively sought after and understood by traditional entities. Most importantly, it proves that Web3 is no longer seeking permission; it has received the highest validation a system can receive—the trust of governments and markets alike.

This is not merely a fleeting trend; it's a crowning moment in global adoption. The U.S. government has just validated what many in the Web3 space have been building towards for years: that Web3 is not a sideshow, but a foundational layer for the future. The current cycle will be remembered as the moment the world definitively crossed this threshold, marking the last great opportunity to truly say, "we were early."

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US Dept of Commerce to publish GDP data on blockchain

On Tuesday during a televised White House cabinet meeting, Commerce Secretary Howard Lutnick announced the intention to publish GDP statistics on blockchains. Today Chainlink and Pyth said they were selected as the decentralized oracles to distribute the data.

Lutnick said, “The Department of Commerce is going to start issuing its statistics on the blockchain because you are the crypto President. And we are going to put out GDP on the blockchain, so people can use the blockchain for data distribution. And then we’re going to make that available to the entire government. So, all of you can do it. We’re just ironing out all the details.”

The data includes Real GDP and the PCE Price Index, which reflects changes in the prices of domestic consumer goods and services. The statistics are released monthly and quarterly. The biggest initial use will likely be by on-chain prediction markets. But as more data comes online, such as broader inflation data or interest rates from the Federal Reserve, it could be used to automate various financial instruments. Apart from using the data in smart contracts, sources of tamperproof data 👉will become increasingly important for generative AI.

While it would be possible to procure the data from third parties, it is always ideal to get it from the source to ensure its accuracy. Getting data directly from government sources makes it tamperproof, provided the original data feed has not been manipulated before it reaches the oracle.

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List Of Cardano Wallets

Well-known and actively maintained wallets supporting the Cardano Blockchain are EternlTyphonVesprYoroiLaceADAliteNuFiDaedalusGeroLodeWalletCoin WalletADAWalletAtomicGem WalletTrust and Exodus.

Note that in case of issues, usually only queries relating to official wallets can be answered in Cardano groups across telegram/forum. You may need to consult with specific wallet support teams for third party wallets.

Tips

  • Its is important to ensure that you're in sole control of your wallet keys, and that the keys used can be restored via alternate wallet providers if a particular one is non-functional. Hence, put extra attention to Non-Custodial and Compatibility fields.
  • The score column below is strictly a count of checks against each feature listed, the impact of specific feature (and thus, score) is up to reader's descretion.
  • The table represents current state on mainnet network, any future roadmap activities are out-of-scope.
  • Info on individual fields can be found towards the end of the page.
  • Any field that shows partial support (eg: open-source field) does not score the point for that field.

Brief info on fields above

  • Non-Custodial: are wallets where payment as well as stake keys are not shared/reused by wallet provider, and funds can be transparently verified on explorer
  • Compatibility: If the wallet mnemonics/keys can easily (for non-technical user) be used outside of specific wallet provider in major other wallets
  • Stake Control: Freedom to elect stake pool for user to delegate to (in user-friendly way)
  • Transparent Support: Easy approachability of a public interactive - eg: discord/telegram - group (with non-anonymous users) who can help out with support. Twitter/Email supports do not count for a check
  • Voting: Ability to participate in Catalyst voting process
  • Hardware Wallet: Integration with atleast Ledger Nano device
  • Native Assets: Ability to view native assets that belong to wallet
  • dApp Integration: Ability to interact with dApps
  • Stability: represents whether there have been large number of users reporting missing tokens/balance due to wallet backend being out of sync
  • Testnets Support: Ability to easily (for end-user) open wallets in atleast one of the cardano testnet networks
  • Custom Backend Support: Ability to elect a custom backend URL for selecting alternate way to submit transactions transactions created on client machines
  • Single/Multi Address Mode: Ability to use/import Single as well as Multiple Address modes for a wallet
  • Mobile App: Availability on atleast one of the popular mobile platforms
  • Desktop (app,extension,web): Ways to open wallet app on desktop PCs
  • Open Source: Whether the complete wallet (all components) are open source and can be run independently.

Source

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XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

 

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