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Victoria d’Este
Published: November 29, 2024 at 1:32 pm Updated: November 29, 2024 at 1:32 pm
Edited and fact-checked:
November 29, 2024 at 1:32 pm
In Brief
The crypto industry is undergoing significant transformation, with companies like Mastercard and J.P. Morgan partnering to redefine blockchain applications and VeChain focusing on sustainability.
The crypto industry is abuzz with transformative developments as companies announce new partnerships and funding rounds aimed at redefining blockchain applications. From Mastercard and J.P. Morgan’s ambitious blockchain collaboration to VeChain’s sustainability-focused DAO, these initiatives reflect a growing shift toward innovation, efficiency, and social impact across finance, AI, and environmental sectors.
Sui and Franklin Templeton Join Forces
With an emphasis on using the latest innovations and assisting its builders, Sui has teamed up with Franklin Templeton Digital Assets to help the “Sui ecosystem builders.” Franklin Templeton uses tokenomics, machine learning, and thorough financial research to guide product development and investment decisions.
This collaboration aligns with a growing trend of global investment firms engaging with blockchain technologies. For instance, Grayscale introduced the Grayscale SUI Trust earlier in 2023. These developments underscore a broader institutional interest in blockchain ecosystems and Sui’s innovative offerings.
The partnership signifies Franklin Templeton’s confidence in Sui’s potential, reinforcing Sui’s stature in decentralized finance (DeFi) and cross-chain solutions. By leveraging Franklin Templeton’s expertise, Sui aims to drive greater adoption of its blockchain protocol while facilitating transformative use cases in finance and beyond.
Singularity Finance Expands Ecosystem with Strategic Partnerships
Singularity Finance (SFI) is leading the charge in the AI and Real World Asset (RWA) economy with strategic partnerships and innovative programs. A 12-week accelerator program in collaboration with Outlier Ventures provides $100,000 in funding and hands-on mentorship. Additionally, Kommunitas, a crowdfunding platform with over $20 million raised for 200 Web3 projects, joins SFI’s network.
As part of its expansion efforts, Singularity Finance has onboarded multiple institutional partners to enhance liquidity and foster broader adoption of its decentralized AI protocols. The partnerships will also drive new tokenized financial products, enabling faster and more transparent transactions. The company’s focus includes utilizing AI for risk management and market analysis, which could transform how investors interact with digital assets.
Particula, a real-time analytics platform supporting 20+ asset classes and over 1,000 tokens, also is another partner platform. The firm partners with 800+ issuers, enhancing risk assessments for tokenized RWAs. Cloris Chen, CEO of Singularity Finance, urges stakeholders to join in shaping the future of decentralized finance and AI economies.
Singularity Finance’s initiatives also emphasize ecosystem expansion, including collaborations with data providers and blockchain developers to integrate AI tools for more efficient asset management. These developments highlight the potential for AI-powered RWAs to revolutionize the financial sector by offering decentralized, scalable solutions for asset tokenization.
Gaia and Chainbase’s AI Onchain Integration
Gaia, an open-source AI platform, has partnered with Chainbase, an omnichain data network, to enhance AI systems with real-time onchain data. Gaia’s CEO, Matt Wright pointed out that this partnership is a step in the direction of full, on-chain AI communication. This integration uses Chainbase’s Manuscripts data processing standards to allow Gaia’s AI agents to provide personalized insights and automate workflows.
The partnership aims to strengthen decentralized AI (deAI) development through workshops, hackathons, and campaigns. For example, a December campaign will offer rewards for developers who integrate both platforms. Similarly, Chainbase’s leading man in this partnership, Luki, stated that this partnership is a chance to build “impactful” dApps.
A key integration involves Gaia’s model API working with Chainbase’s framework, enhancing automation and innovation. Events like Devcon Bangkok already attracted international developers, and upcoming initiatives include interactive workshops and the Chainbase Domain Campaign, featuring interviews, workshops, and exclusive rewards for participants.
This partnership bridges AI and blockchain ecosystems, enabling new use cases while fostering a collaborative developer community. It positions Gaia and Chainbase as leaders in creating autonomous, onchain AI solutions.
io.net – OpenLedger Opening New AI Frontiers
io.net and OpenLedger have teamed together to integrate blockchain-powered AI solutions with decentralized GPU processing capacity. Users can donate underutilized computational resources to io.net’s distributed GPU networkو which OpenLedger uses to host, train, and infer algorithms.
The goal of this collaboration is to further OpenLedger’s goal of building a massively decentralized blockchain for artificial intelligence. OpenLedger can handle massive datasets, improve its decentralized apps (DApps), and speed up the creation of AI models by utilizing io.net’s scalable and economical infrastructure. The integration ensures improved scalability and efficiency by addressing the financial and technological issues related to centralized cloud services.
VeChain’s VeBetterDAO Strengthens Sustainability Through Partnerships
VeChain’s VeBetterDAO has started a series of partnerships with NGOs and enterprises. Its goal is to promote sustainability by working with businesses and non-governmental organizations (NGOs).
The most recent example is the platform’s Greencart partnership with the Italian enterprise Molino Bruno. The DAO uses blockchain technology to make environmental efforts more open and collaborative. It does this by tackling problems like tracking carbon pollution and making sure that products are responsibly sourced.
By integrating blockchain into supply chain systems, VeBetterDAO ensures that companies and NGOs can efficiently monitor and report their sustainability metrics. This initiative also includes partnerships with major enterprises to implement blockchain-powered solutions for environmental impact assessments.
By including VET token holders in governance choices that propel sustainability-focused initiatives, the DAO hopes to mobilize token holders and encourage their active participation. VeBetterDAO is a giant leap forward in the effort to integrate blockchain technology with ESG principles, laying the groundwork for sustainable solutions that can scale up to new heights and make a difference.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
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Victoria d’Este
Victoria is a writer on a variety of technology topics including Web3.0, AI and cryptocurrencies. Her extensive experience allows her to write insightful articles for the wider audience.
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