🐣 Good morning, a new blockchain called Canton Network caught our attention last week, with major industry players joining forces in its development process.
This new blockchain is being developed by a group of big names in the finance and tech space, including Microsoft, Goldman Sachs, Cboe Global Markets, Deloitte, and BNP Paribas. Canton Network will be designed for financial institutions and the testing begins in July.
🌟 Decentralization OR NOT? What goes around comes around...
😄 Canton network offers a plethora of features that better serve the needs of financial institutions that back it, such as enabling financial institutions to work in a safer, reconciliation-free environment where assets and data can instantly synchronize across applications, providing data protection layers on its network.
Meanwhile, financial Institutions collaborating on creating an interoperable solution that gives total control to the creator could eventually lead to the creation of Central Bank Digital Currencies (CBDCs). This development raises questions among decentralization advocates who have put significant effort into resisting such initiatives.
PS: While our AI assistant refrains from providing biased or opinion-related answers, it is always beneficial to gather more information regarding news content to gain a comprehensive understanding of industry dilemmas. Check out our latest innovation - the AI-Training Open Platform, join the waitlist here, and start training your own AI-assistant models to answer questions on Web3/Non-Web3 featured topics.
$RSS3 Statistics (as of May 14, 2023)
|24h Volume / Market Cap ratio||0.018|
|7d Low / 7d High||$0.1045 / $0.1102|
Market DeFi Index
Last week’s crypto market prices were down -5.74%. Volume and volatility also dropped by -4.46% and -13.83%, respectively.📉
Source: Crypto.com Research
🧐 Bitcoin (BTC) and Ethereum (ETH) fell -4.3% and -2.3%, respectively, in the past seven days. Other selected top-cap tokens also decreased in price.
Cryptocurrencies that dipped more than 8% this week include Polygon (MATIC), Avalanche (AVAX), Toncoin (TON), and Internet Computer (ICP).
RSS3 Network Metrics (as of May 14, 2023)
|Total API Calls||198.4M|
|Total Open Web Activities||358.2M|
|Last 7-Days Active Personas||57,430|
- The RSS3 API is currently integrating data from trending dApps like Blend and Partybid v2.
- We are continuously improving the coverage of Web3 profiles across multiple platforms.
- The RSS3 API v2 which was completely redesigned from scratch, is being built as we speak.
- Iterations for the Token Price Prediction module📈, expanding the prediction factors coverage to improve its accuracy and reliability.
- Iterations for NLU system for Model 1, solidifying its capabilities.
- We are working on the integration of even more data sources, including analytics platforms such as Dune into our system. The objective is to provide Model 1 with a higher-quality dataset coverage and even more up-to-date information.
- Various iterations to enhance Model 1's flexibility and accuracy of data queries, providing a more seamless and efficient user experience.
- We are working on a completely new version of Hoot.it 🦉, and we hope to share it with you soon.
- As always, we have upgraded the embedding index for Hoot.it and HootGPT, to include up-to-date Web3 information.
- Kudos to @relationlabs for having us in the recent #RelationTalk. We were excited to explore the role of Soul-Bound Tokens (SBTs) in the context of Web3 Social with industry experts.
- We are delighted to provide support for KNN3's AIGC feature 🎨, further expanding the generative AI evolvement within our ecosystem. With RSS3's powerful Web3 data integration, users can now effortlessly create Psyche NFTs using the AI-generated prompt, adding a new level of simplicity to the creation process.
- The review phase of the BNB Zero2Hero Hackathon has begun.⏳ We are currently evaluating the exceptional submissions received during the hackathon, and we can't wait to acknowledge the innovative ideas of the top projects.
- 🚀 Buckle up and get ready for some major announcement. We currently working on SOMETHING BIG, so stay tuned!
🏃♂️Til next week
💡 RSS3 is an information dissemination protocol designed to achieve free, efficient, and secure information flow on the Open Web. We bridge Web3 to AI, search, social media, and beyond.
🐦 Twitter: https://twitter.com/rss3_
👾 Discord: discord.gg/CXrJFSeZQz
🤖 Official Website: https://rss3.io/
📮 Email: [email protected]