Nexus, a developer of a zero-knowledge virtual machine called zkVM written in Rust, has recently launched the first beta version of the Nexus network. This network is being touted as the world’s first open prover network, allowing anyone to access it. The team behind Nexus aims to bring together the computing power of all connected devices, ranging from massive GPU farms to individual computers and phones. Their ultimate goal is to create a global supercomputer that can verify all computations on the Internet, leading to what they call the “Verifiable Internet.”
In a similar vein, Apex Fusion, a federated multi-chain layer-1 network, has successfully completed a private token sale, raising $6 million for its token ecosystem. The team plans to use these funds for marketing purposes and further development of its network, which includes the Prime, Nexus, and Vector chains. By combining the best aspects of UTXO and EVM transaction execution methods, Apex Fusion aims to provide a seamless experience for blockchain developers and builders.
Another notable development in the tech world is the launch of a new enterprise social media and AI business line by Aethir, a distributed cloud compute infrastructure. Aethir aggregates enterprise-grade GPU chips into a global network and offers participants the opportunity to earn up to 100 ATH tokens daily by connecting eligible devices to its Aethir Edge network. This move is in response to the increasing demand for real-time data processing, which can help reduce latency and enhance security for users.
Livepeer, a decentralized video-streaming project, recently hosted an AI Demo Day to showcase eight startups that participated in its AI Startup Program. These startups are working on innovative projects related to generative AI on decentralized infrastructure. Livepeer is currently accepting applications for its Q4 cohort of the AI Video Startup program, which includes grant funding of $20K for selected applicants.
These developments highlight the ongoing evolution of technology and its impact on various industries. As companies continue to innovate and push boundaries, we can expect to see more groundbreaking projects and initiatives that leverage the power of decentralized networks and advanced technologies. Stay tuned for more updates and insights on the latest tech trends and developments in the industry.