aelf News Round-up - 30 Dec 2024

Nano Labs' ASIC Release to Fuel Advancements in Blockchain and AI

Nano Labs, a leading fabless integrated circuit design company, has announced a new application-specific integrated circuit (ASIC) designed to power the next generation of AI and blockchain applications. The FPU3.0 chip boasts a fivefold increase in power efficiency compared to its predecessor, thanks to advanced 3D DRAM stacking technology. This marks a significant step forward in high-throughput computing (HTC), with potential applications in AI inference, edge AI computing, and 5G data processing.

What sets this ASIC apart is its modular architecture, which enables rapid product updates and feature enhancements to keep pace with the evolving demands of AI and blockchain. This adaptability could be crucial in accelerating the development of sophisticated AI agents and novel applications in AI blockchain, by way of customisable functionalities and enhanced AI performance.

AI-Powered Venture Capital DAO ai16z Surpasses $1.5 Billion Market Cap

The blockchain-based AI agent project, ai16z, has achieved a remarkable milestone, reaching a market capitalization of $1.5 billion. This accomplishment marks ai16z as the first Solana token extension to break the $1 billion barrier, underscoring the growing interest in AI-driven blockchain projects.

Notably, the project's value has surged more than tenfold in the past two months, fueled by attention from both retail and institutional investors. This rapid ascent points to a prominent trend of AI agents in the digital asset landscape, setting the stage for further innovation in Web3 decentralised finance.

PENGU Is Top Solana-Based Meme Coin to Close out the Year

The changing of guards in the meme coin world moves fast. PENGU, the cryptocurrency of the popular Pudgy Penguins NFT community, has surged to a $2.65 billion market cap, surpassing BONK for the leading spot.

This impressive feat comes after a Christmas Eve rally that saw PENGU gain over 30% in 24 hours. The broader Solana meme coin market is also experiencing explosive growth, reaching a total valuation of $18.2 billion. While controversy surrounded PENGU's launch due to its impact on Pudgy Penguins NFT floor prices, the token has seen a steady rise in value since 23 December 2024.

The earlier part of the year saw similar ascends from MOODENG, PNUT, MEW, BOME, and Truth Terminal's GOAT.

Activities Abound on Web3 Wallets Scene: OPZ Introduces AI-Powered Wallet, Plus Wallet Rises as Binance Falters

The Web3 wallet arena is heating up as new players emerge and established ones face challenges. OPZ has introduced the world's first AI-powered crypto wallet on the App Store, offering users personalised AI trading, in-depth market insights, and real-time adjustments to navigate the dynamic crypto market. This launch comes as Binance's Web3 wallet faces scrutiny following significant drops in the value of tokens featured on its Binance Alpha service.

Meanwhile, Plus Wallet is steadily gaining traction among active traders, lauded for its superior trading tools and seamless cross-chain support. Plus Wallet distinguishes itself through a streamlined approach to Web3 and crypto asset management, enabling users to monitor investments, receive price alerts, and access a diverse array of assets across multiple blockchains. These developments underscore a dynamic shift in the Web3 wallet landscape, as users enjoy greater choices and control over their crypto funds and other digital assets.

aelf is a trailblazing multi-chain blockchain framework designed to address the limitations of traditional blockchain systems using AI. Its unique architecture, featuring a MainChain and a dAppChain, upgrades network performance. aelf 2.0 further elevates this by integrating AI for 'smarter' contract execution, gas usage prediction, and intelligent resource allocation on its AI blockchain.

aelf supports a range of dApps in its ecosystem, including Portkey, a Web3 wallet with cutting-edge ZK social logins and ZK social recovery. It smoothly bridges Web2 users to Web3-level digital asset management, while leveraging advanced zero-knowledge technologies for privacy and security

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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.

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.

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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.

News Round-up: Nano Labs' ASIC, ai16z's $1.5 Billion Market Cap, PENGU's Rise, New Web3 Wallets