Dear aelf Community Members,

Welcome to the April edition of the aelf Monthly Digest! This article provides an overview of the advancements in aelf’s technology, highlights ecosystem development, recaps events held during the past month and shares Web3 industry insights.

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Technology

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aelf Cloud-Native Computing

In April, the project completed stress testing and validated the performance of its cloud-native computing capabilities. It is expected to be deployed on the Mainnet in May.

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Ecosystem

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1. aelf x Plug & Play Blockchain Content Series

This month, we continued with the next stage of our 4-part Blockchain content series as part of our partnership with Plug and Play. The second session was a panel discussion titled "Why Businesses Steer Towards Web3", which was moderated by our Business Development Director, Khaniff Lau, on April 17th. Panellists included Stacey-Ann Pearson, Head of Web3, APAC at AWS, Derek Lim, Head of Ecosystem Research at Mantle Network, and Nischint S., Head of Digital Currencies, Asia Pacific at Visa.

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2. AgentLayer Partnership: aelf's Pivot to AI

April marks the month where aelf's commitment to AI technology is crystalised through our alliance with AgentLayer. To propel the convergence of AI and blockchain, aelf Ventures, aelf’s investment arm, will strategically deploy its $50 million Ecosystem Fund to support innovative AI initiatives seeking blockchain enablement. Developer-friendly toolkits will be rolled out to empower the community in utilising these technologies for data processing, model training, and deployment within the aelf blockchain environment. Existing projects on aelf will integrate AI capabilities, while new projects will benefit from aelf’s robust foundation, ensuring enhanced efficiency, security, and intelligent automation. This AI-driven transformation underscores aelf’s commitment to innovation, positioning it as a frontrunner in blockchain technology and emphasising its dedication to user-centric value and industry advancement. Read more about aelf's AI roadmap with AgentLayer here.

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3. aelf Ecosystem dApps Highlight

AeFinder

AeFinder v2.0.0 has been successfully tested and verified on the Testnet and was deployed to the Mainnet in April. This latest release facilitates the development of indexer applications and improves performance and service stability through rigorous security checks, thus eliminating any risks associated with the code. Developers can now access and experience v2.0.0 through AeFinder's GitHub repository.

AetherLink

AetherLink is currently working on improving its services related to the generation of verifiable random functions (VRF). This month, they have achieved significant progress and have managed to reduce the waiting time to an impressive 10 seconds, which is only one-eighth of the previous duration. The testing and deployment of this update on the Mainnet are scheduled for May.

Project Schrodinger

Since Project Schrodinger's Token Generation Event (TGE) on March 20, the project saw 5826 NFTs minted, around 1500 NFT holders, and 22,000 $SGR token holders on the aelf blockchain, indicating a successful launch and strong community. Notably, a single $SGR NFT sold for a record 5200 ELF (about US$2800), highlighting their value. Both $SGR tokens and NFTs are tradable on various platforms, including Gate.io, Uniswap, AwakenSwap, and the Forest NFT marketplace, showcasing its accessible and liquid nature.

We will continue to support Project Schrodinger, the world's first AI-generated 404 NFT minting platform, as they grow the aelf ecosystem!

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Events

1. Campus Outreach Program: Sunway University

During our visit to Kuala Lumpur on April 3rd, as part of our Campus Outreach Program, aelf participated in Sunway Blockchain and Crypto Club's (Sunway BCC) orientation event, which aimed to welcome new students to the club. As partners of Sunway BCC, we had the opportunity to introduce ourselves to both new and existing students, sharing insights about aelf and discussing the upcoming roadshow organized in collaboration with Sunway BCC. This event served as a platform to strengthen our relationship with Sunway BCC, engage with students, and better understand the club's dynamics for future collaborations. We also introduced the aelf Ambassadors Network Program and solidified our collaboration with one university student group, contributing to our broader goal of expanding our network and partnerships within the educational community.

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2. Hong Kong Web3 Festival

aelf's presence in Hong Kong in early April was incredibly exciting! As co-hosts of the Web3 Gaming Summit, we left a lasting impression with two captivating speaking sessions and an interactive booth at the side event. Notably, one of the panel discussions also marked the first public appearance of Project Schrodinger, a blossoming AI project in the aelf ecosystem. Serving as the title sponsor for the Grand Party alongside ABGA, aelf orchestrated an unforgettable evening of networking and celebration.

Read the full event recap here.

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3. Paris Blockchain Week

The aelf team actively participated in Paris Blockchain Week, which took place from April 9th to 11th. During the event, we were part of two well-received speaking sessions. The first session featured Hazel, Head of Investments, who participated in a panel discussion titled "Latest Trends and Ambitions for Crypto Investors in 2024." The panel included other industry leaders such as Neil Cunha-Gomes from SoftBank Vision Fund, Robert Le from PitchBook Data, Anke Liu from Stellar Development Foundation, and Miguel Morel from Arkham. In the second session, Mackenzie Chng presented about aelf during Demo Day Part 2 and was a judge for the startup pitch session alongside representatives from other Web3 companies like NEO Eco Fund and Bit2Me.

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4. Harvard Blockchain Conference 2024

On April 13-14, the aelf team participated in the Harvard Blockchain Conference in Boston which was a resounding success. The conference featured packed sessions throughout the day, attracting a diverse range of participants, including industry leaders and academic experts. Key topics included the intersection of AI and Web3, the Bitcoin halving, restaking mechanisms, and dePIN (Decentralised Proof of Important Network tasks). We were delighted to engage in numerous insightful discussions and look forward to applying our newly acquired knowledge to drive innovation within the aelf blockchain.

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5. TOKEN2049 Week in Dubai

The highly anticipated conference, TOKEN2049, was held on April 18th and 19th, 2024, in the bustling city of Dubai. The event drew an unprecedented number of over 10,000 attendees from all over the globe. In addition to participating in TOKEN2049, our aelf team spoke at five separate events throughout the week, where we shared information about aelf and our goal of becoming an AI-focused blockchain.

Industry Insights

This month, we published 3 Industry Insights articles:

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Unpacking the Technicalities Behind How the ERC-404 Standard Became Popular Overnight

This article investigates the sudden rise of the ERC404 standard in the blockchain community, its technical intricacies, and factors contributing to its rapid adoption. It provides insights into why developers and projects prefer this standard and examines its implications on the broader blockchain ecosystem, including its potential to shape future standards and protocols.

Bitcoin’s 4th Halving: The Catalyst For The Next Crypto Bull Run?

This article explores the impact of Bitcoin's 4th halving on the crypto market and Web3 sector. Historically linked to market bull runs, the halving reduces Bitcoin's mining rewards, potentially boosting its price due to lower supply. This article predicts a positive ripple effect across cryptocurrencies and Web3, enhancing investments in DeFi, NFTs, and AI.

How AI-Powered NFTs Pioneer the Future of Digital Collectibles

This article explores the transformative impact of AI on the rapidly evolving landscape of NFTs. It discusses the intersection of AI and NFTs, showcasing how AI technology reshapes digital ownership and creates new opportunities for creators and collectors.

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*Disclaimer: The information provided on this blog does not constitute investment advice, financial advice, trading advice, or any other form of professional advice. aelf makes no guarantees or warranties about the accuracy, completeness, or timeliness of the information on this blog. You should not make any investment decisions based solely on the information provided on this blog. You should always consult with a qualified financial or legal advisor before making any investment decisions.

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About aelf

aelf, the pioneer Layer 1 blockchain, features modular systems, parallel processing, cloud-native architecture, and multi-sidechain technology for unlimited scalability. Founded in 2017 with its global hub based in Singapore, aelf is the first in the industry to lead Asia in evolving blockchain with state-of-the-art AI integration, transforming blockchain into a smarter and self-evolving ecosystem.

aelf facilitates the building, integrating, and deploying of smart contracts and decentralised apps (dApps) on its blockchain with its native C# software development kit (SDK) and SDKs in other languages, including Java, JS, Python, and Go. aelf’s ecosystem also houses a range of dApps to support a flourishing blockchain network. aelf is committed to fostering innovation within its ecosystem and remains dedicated to driving the development of Web3 and the adoption of AI technology.

Find out more about aelf and stay connected with our community:

Website | X | Telegram | Discord

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Back to Blog

Tool/Platform	What's it about
ChainGPT	An AI-powered assistant for the blockchain and crypto industry, specializing in content creation, language translation, smart contract coding, and more.
aelf	A high-performance, customisable multi-chain blockchain framework with AI-powered smart contracts and a developer-friendly environment.
Quick Intel	An AI-powered crypto security platform that helps investors avoid scams, rug pulls, and honeypots by analysing smart contracts, social sentiment, and on-chain data.
Cogwise AI News Aggregator	An AI-powered news aggregator that analyses real-time news and global trends to predict market movements in the crypto market.
OpenAI Codex	An AI system that transforms natural language into code, automating code creation for smart contracts, blockchain applications, and other development tasks.
QnA3	An AI-powered Web3 knowledge hub that provides real-time information and insights on cryptocurrencies, blockchain projects, and the broader Web3 ecosystem, with unique Solana Actions integrations.
Fetch.ai	A platform that combines AI and blockchain to create autonomous economic agents (AEAs) for various applications, including supply chain optimisation and smart city management.
Octavia	A decentralised digital identity (DID) platform for creating and managing self-sovereign digital identities, empowering users to control their data and online presence.
TensorFlow	A versatile open-source machine learning framework used for building AI models that can analyse blockchain data, enhance security, and predict market trends.
Alethea	A platform that creates 'Intelligent NFTs' (iNFTs) with unique personalities and the ability to engage in conversations, powered by AI and blockchain technology.

Chain	URL	Explorer
AELF	https://aelf-test-node.aelf.io/	https://explorer-test.aelf.io/
tDVW	https://tdvw-test-node.aelf.io/	https://explorer-test-side02.aelf.io/

Feature	Description
Inheritance	ERC-404 inherits from the interfaces IERC-404, IERC721 Receiver, and IERC165, implementing functions specified in these interfaces, behaving as both ERC20 and ERC721.
Data Structures	Mappings track balances, allowances, approvals, and ownership of tokens. Double-ended queue stores ERC721 token IDs. Data for managing ownership and indices of ERC721 tokens.
Constructor	Initialises token name, symbol, decimals, and other necessary variables for ERC20 and ERC721 tokens.
Token Minting and Burning	_mintERC20 function for minting ERC20 tokens. _retrieveOrMintERC721 function for minting ERC721 tokens and retrieving from a bank. _withdrawAndStoreERC721 function for depositing ERC721 tokens into the bank.
Transfers	Functions for transferring ERC20 and ERC271 tokens between addresses. Distinguishes between token types based on ID. _transferERC20WithERC721 function handles transfers involving both types.
ERC20 and ERC721 Interactions	Approve function handles approvals for both token types. Functions like transferFrom, safeTransferFrom, and permit handle transfers and approvals.
EIP-2612 Support	Supports EIP-2612 permit functionality for ERC20 tokens.
Interface Compatibility	Implements necessary functions for ERC-404 and ERC165 interfaces, indicating compatibility with ERC20 and ERC721 standards.

Role	Max Number
BP	2N+1, N starts from 8 in 2022
Candidate node	5*(2N+1)
Voter	No limit

Benefits	Description
Makes smart contracts 'smarter'	AI-driven smart contracts can autonomously modify terms based on predefined conditions and real-time data input, ensuring that the contracts are not just automated but also intelligent and self-improving over time.
Levelled up data analysis	Data is the new oil, and AI is the machinery that refines it. It is possible for AI to reduce large-volume blockchain data analysis time by up to 90%.
Boosts security	Through machine learning models, AI can prevent frauds and detect security threats in real time. It can identify potential breaches, predict future threats, and adapt to evolving security measures.
Lowers carbon footprint	AI algorithms help optimise energy consumption in blockchain operations, given the flak drawn by activities like Bitcoin mining.

aelf Monthly Digest — April 2024