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Artificial intelligence (AI) and blockchain are emerging digital technologies that have captured the public imagination but also raised serious concerns. So it bears asking: Can AI and blockchain be integrated in a way that benefits humanity? There are reasons to think so. As far back as 2016, Vitalik Buterin wrote that both the crypto economics and AI safety communities were “trying to tackle what is fundamentally the same problem” of how to regulate complex and smart systems with “unpredictable emergent properties.” Both rely for control on essentially “dumb” systems “whose properties once created are inflexible,” after all. Once a smart…

Lumoz (formerly Opside) announced its plans to launch StableNet, a ZK-Rollup able to connect with Ethereum Virtual Machine (EVM) with unique features. The launch is set for December, and the announcement happened during a cohosted event with Polygon (MATIC) called RaaS Day. The Polygon team certified Lumoz as a ZK-RaaS platform. A ZK-RaaS is a service that develops ZK-Rollups (second-layer solutions) in a few clicks without the need to interact with code interfaces. Notably, Lumoz’s StableNet will run on both the Polygon Chain Development Kit (CDK) and the Celestia Data Availability (DA). Polygon CDK enables developers to build ZK-powered layer-2…

PassPay Co., Ltd., a leading force in digital payments based in Minato-ku, Tokyo, under the leadership of CEO Yoshikatsu Kitano, announces a groundbreaking alliance with blockchain technology trailblazers EOS Network Foundation and EOS Labs. The strategic collaboration is poised to reshape the landscape of financial services by harnessing the potential of blockchain technology, with a particular focus on optimizing digital payments. Strategic Objectives of the Alliance The strategic alliance between PassPay, EOS Network Foundation, and EOS Labs is driven by a collective vision to redefine the landscape of digital payments. Both companies are collaboratively engaging in research and development to…

The new in-app swap feature supports all EVM tokens and bridges them to USDC on Solana, Phantom says. Phantom, the non-custodial crypto wallet initially made for Solana users only, is now expanding its presence on the market with a new feature designed to bridge liquidity from the Ethereum (ETH) ecosystem. In an announcement posted to X on Nov. 20, Phantom said the newly-launched cross-chain swapper enables users to bring any tokens from Ethereum, by bridging Ethereum Virtual Machine (EVM)-based assets to USDC (USD) — as well as USDT (USDT), DAI (DAI), and wETH for certain routes — on Solana (SOL).…

Ethereum Layer 2 Kinto has migrated to the Arbitrum ecosystem via the Arbitrum Nitro technology stack after previously launching its testnet using Optimism’s OP Stack in May. The migration follows a change in the structure of the Arbitrum Orbit ecosystem of chains that granted the Arbitrum Foundation greater autonomy in negotiating Layer 2 deployments, according to a statement. Kinto claims it can bridge the gap between traditional finance and decentralized finance by building a KYC-compliant Layer 2 to support both modern financial institutions and decentralized protocols. It also aims to reduce the risk of DeFi exploits, providing built-in insurance for…

Decentralized platform Sushi announced integration with the Aptos blockchain for scalability, security, and improved user experience. In a blog post published on Nov. 20, Sushi announced the first non-Ethereum virtual machine (EVM) chain integration on Aptos. Additionally, Sushi says it will launch its automated market maker (AMM) version 2 on Aptos, followed by the deployment of SushiXSwap. Automated market makers represent a form of decentralized exchange (DEX) which employs algorithm-driven “money robots” to simplify the process of buying and selling cryptocurrency for individual traders. The integration of a V2 AMM allows users to exchange tokens through Aptos and over 30…

Tencent and Huawei, two major Chinese tech giants, are making notable strides in the Web3 space despite the country’s stringent regulations on cryptocurrency trading. At the Staking Summit in Istanbul, a two-day conference featuring top minds in proof-of-stake (PoS) protocols, Tencent and Huawei exhibited their booths alongside industry professionals, according to a recent report by TechCrunch. Over the past year, Chinese tech giants like Alibaba, Tencent, and Huawei have been increasingly visible in various crypto events worldwide, either as official sponsors or discreet attendees. Although their participation lies at the intersection of Web2 and web3 due to China’s cryptocurrency ban,…

Investors have bridged over $30 million in ether and stablecoins to Blast, the latest Ethereum layer 2 network, just hours after the project went live late on Monday. The inflow is evidence of strong demand for Layer 2 networks or protocols that operate on top of a layer 1 blockchain, such as Ethereum, to reduce bottlenecks related to speed, cost and scalability. Bridges are blockchain-based tools that allow users to transfer tokens between different networks. Also driving the charm is Blast’s unique design: Depositors start earning yields on the transferred ether alongside BLAST points. “Blast natively participates in ETH staking,…

A lot has been said about the potential of blockchain and other Web3 solutions to transform carbon credit markets by ushering in a new era of transparency, fraud protection and disintermediation. What hasn’t been talked about enough are the fruits of this transformation. More specifically, how can the on-chain carbon credit be used to scale the pace of climate impact? Make no mistake, on-chain carbon credits have so much more potential than simply being a better mechanism for the “buy and retire” process we have now. For one, they can plug directly into decentralized financial services. They can also be…

STP has announced the official launch of its Autonomous Worlds Naming Service (AWNS), an innovative Web3 identity solution built on the ERC-6551 token standard. Over 20 partners have already been onboarded during AWNS’ waitlist period, including gaming studios like Adventure Gold and infrastructure providers like Biconomy. AWNS aims to serve as a foundational identity component for Web3 and blockchain-based gaming. It features AWNS domains ending in .aw that integrate users into these decentralized environments. Rather than just associating usernames with wallets like ENS, AWNS takes identities a step further by binding them to tokenbound accounts (TBAs). These TBAs are NFTs…