Highlighting the network’s zest for innovation, the Ethereum (ETH) Foundation recently announced a round of grants focussed on advancing zero-knowledge (zK)technology. With a prize pool of $900,000, the program invites developers to use zK proofs in building Layer 2 solutions.
Ethereum’s announcement comes at a time when it’s riding a high following the successful launch of crypto ETFs in the US. After months of deliberations over the legal aspects of BTC ETFs, these financial products were introduced and have been a phenomenal success.
Market experts have suggested that given Ethereum’s capabilities, it can be a good candidate for the next round of spot ETFs.
Ethereum’s popularity rivals that of new AI-focused crypto project InQubeta (QUBE). InQubeta has featured on many of the best cryptocurrency ICO lists made by leading analysts. Many have even said that it has the potential to unseat major names like the Render Network (RNDR)
InQubeta: Helping AI startups charge ahead
Most AI startups struggle to build the right business models due to a lack of funds and guidance. With InQubeta, the use of blockchain reduces such challenges to offer a transparent ecosystem for growth. There are no intermediaries and startups get to interact with trained professionals from across the globe.
For crypto users, InQubeta is a platform where they don’t have to deal with convoluted investment processes. They simply have to obtain InQubeta’s native cryptocurrency, the QUBE token, and buy NFTs from the platform’s online marketplace. These NFTs are minted from startups’ investment proposals and hold all particulars about an AI project.
InQubeta is a crowdfunding and business development platform for startups working with artificial intelligence. The cryptocurrency taps into Ethereum’s features to help innovators create custom business models for their projects.
The QUBE token is touted as one of the best cryptocurrencies to buy this year because it’s the only crowdfunding platform catering to AI innovation.
InQubeta’s ICO has already raised more than $10.5 million. Analysts believe that the figure could potentially rise by around 3,110% in the near future.
The cryptocurrency had edged past many top-notch altcoins due to its deflationary nature. When the markets are distressed, price fluctuations tend to push down the price and demand for assets. With a deflationary model, the price changes are minimized by lowering the availability of the QUBE token.
As it becomes harder to obtain the InQubeta token its value and demand automatically rise. In case of an uptick in the token’s availability, the burn mechanism is activated to destroy the excess supply.
Yuga Labs, Magic Eden unveil Ethereum marketplace
Ethereum is a time-tested cryptocurrency that’s left experts in awe with its consistent performance. Its native token ETH is hailed as one of the altcoins to watch out for this year.
Its versatility is another reason behind its cult status in the crypto market. Recently, NFT platform Magic Eden, an Ethereum marketplace, was launched in partnership with Yuga Labs and will be offering benefits like creator royalties.
Despite the regulatory challenges for ETFs casting a shadow in the crypto market, Ethereum has posted strong results. It has been in the news because of its forthcoming Dencun upgrade. The upgrade is expected to potentially boost Ethereum’s prospects by addressing the network’s scalability challenges.
Render Network turns sponsor for ‘Digital Art Deathmatch’
The Render Network is a platform where studios and artists can find decentralized GPU rendering services at nominal rates. The platform enables idle rendering units to be utilized and creates a transparent mechanism for high-quality rendering of 3D art.
Its native token, RNDR, is used for paying for all the gigs. As it capitalizes on the potential of AI technology, with the Render Network you won’t have to worry about what cryptos to buy now.
The crypto project has been in the news because of the ‘Digital Art Deathmatch’ which it will be sponsoring. Hosted by Beeple Studios, the event would see artists creating live art.
Conclusion
The DeFi market might be abuzz with the launch of emerging cryptos, but most people are on the lookout for options with stable returns. InQubeta, Ethereum, and the Render Network combine the best of both worlds.
These tokens are leveraging forward-looking technologies like AI and blockchain and clocking persistent growth.
These cryptocurrencies are liberalizing the DeFi sector in their own ways – InQubeta for AI startups, the Render Network for GPU rendering services, and Ethereum for developers.
These coins are built on decentralized frameworks that make their communities an equal stakeholder in their success and operations.
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Source: https://www.crypto-news-flash.com/grant-round-launched-by-ethereum-foundation-render-contender-on-the-cusp-of-a-3110-leap/?utm_source=rss&utm_medium=rss&utm_campaign=grant-round-launched-by-ethereum-foundation-render-contender-on-the-cusp-of-a-3110-leap