1. Bitcoin's Post-Election Bull Run Still Showing Vigour
The cryptocurrency market continues its spectacular run this past week, with Bitcoin hitting a fresh high of $93,000. Ripple (XRP) led the charts with a 7-day gain of 87%, breaking past the milestone $1 mark. Meme coin PEPE saw a 65% 7-day gain, bolstered by news of its listing on Coinbase. Dogecoin (DOGE) was also a big winner in the post-election rally, although its 7-day gain streak has mellowed to 25%, compared to XRP and PEPE.
Web3 crypto traders are still bullish that Bitcoin will top $100,000 "very soon", owing to Trump's promise of a strategic BTC reserve, as well as the newly established United States Department of Government Efficiency (DOGE). Wyoming Senator Cynthia Lummis has also proposed that the U.S. government convert a portion of its gold holdings to Bitcoin.
2. KARRAT Foundation to Launch Studio Chain, a Blockchain for Web3 Entertainment
The KARRAT Foundation has announced the development of Studio Chain, a new blockchain specifically designed to support Web3 entertainment, with a particular focus on gaming. It follows a broader trend of developing publisher-specific blockchains that offer tailored ecosystems for creators and developers.
Unlike traditional publishers, Studio Chain aims to provide a decentralised platform that facilitates distribution and offers resources, visibility, and community support. It promises features such as high throughput, low latency, efficient consensus mechanisms, and cross-chain interoperability.
KARRAT's initiative seeks to reshape the entertainment industry by fostering innovation and offering unique experiences. The foundation is collaborating with industry leaders like AMGI Studios and My Pet Hooligan, who have connections with prominent companies such as Nvidia, Epic, and Palantir.
The upcoming Web3 game, My Pet Hooligan, is expected to leverage Studio Chain for seamless in-game asset ownership and enhanced player engagement.
3. Basejump Unveils AI-Powered Web3 Social Gaming Platform
Basejump has launched an innovative Web3 AI social gaming platform that uses artificial intelligence to simplify game creation and sharing. The move bucks the trend of similar directions taken by the likes of Sony and Immutable, which has also integrated Web3 with AI to improve gaming experiences.
The platform features Action, an AI-driven gaming substrate allowing users to create games without coding experience. Action runs on AO, a decentralised supercomputer that leverages unused GPUs and Arweave’s storage technology, ensuring indefinite content accessibility and platform scalability.
Basejump's platform aims to democratise game development by providing users with tools to craft unique and immersive gaming experiences. The platform is set to be released in early 2025.
4. MEET48 Hosts 'MEET48 Best7', a Web3-Based Idol Voting Event
From now until 14 January 2025, MEET48, an entertainment-focused Web3 outfit for Gen Zs, is hosting a Web3 voting event called 'MEET48 Best7' to give aspiring idols a stage to shine. Fans can vote for their favourite idols and songs using points earned by completing tasks in the MEET48 app, and they can also purchase WAND Blind Box NFTs to gain boosted voting power.
The top seven winners will receive exclusive MEET48 resources, promotional opportunities, stage performances, and global publicity rights.
The top-ranked winner will receive special stage exposure and dedicated display time on overseas posters and screens.
MEET48 has already held a live performance and fan meet-up event at the Bangkok International Trade & Exhibition Centre in Thailand, featuring nine idols.
In December, MEET.ai will be launched to offer users access to creative tools to create virtual idol content, such as short videos, music videos, and live performances, and share it to build their own virtual idol communities.
*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.
About aelf
aelf, an AI-enhanced Layer 1 blockchain network, leverages the robust C# programming language for efficiency and scalability across its sophisticated multi-layered architecture. Founded in 2017 with its global hub in Singapore, aelf is a pioneer in the industry, leading Asia in evolving blockchain with state-of-the-art AI integration to ensure an efficient, low-cost, and highly secure platform that is both developer and end-user friendly. Aligned with its progressive vision, aelf is committed to fostering innovation within its ecosystem and advancing Web3 and AI technology adoption.
For more information about aelf, please refer to our Whitepaper V2.0.
Find out more about aelf and stay connected with our community:
Website | X | Telegram | Discord
