DeFi News Official TheBitTimes.com

The concept of a de central ized cloud service refers to a system that operates on a distributed network of computers rather than relying on a central ized infrastructure. io.net has recently declared its objective of establishing the most extensive De central ized Physical Infrastructure Network (DePIN) for Artificial Intelligence (AI) on a global scale.  io.net intends to address the scarcity of GPUs for AI processing by procuring one million units from independent computing power sources. During the course of its development, it will establish the first de central ized cloud environment specifically designed for machine learning, according to the latest information shared with Finbold on October 11. Since the rise of AI, GPU power has become an extremely valuable commodity. The price of training large-scale AI models has increased by roughly 3,100% annually, while demand for GPUs increases by a factor of 10 every 18 months.  This has resulted in higher prices and longer wa...

According to statistics, de centralized exchange (dex) monthly trading volumes have dropped significantly since Jan. 2022. After a brief spike in volume in Nov. 2022, dex trade volumes have been lackluster for the past 44 days. As of Jan. 14, 2023, Uniswap version three (V3) has the highest trade volume during the past 24 hours at $1.9 billion and the second-highest total value locked (TVL) at $3.57 billion. Metrics show that Curve holds the second-largest trade volume on Saturday with $399 million in 24 hours and the highest TVL in terms of assets locked in dex platforms, with $4.19 billion locked. Uniswap V3 Dominates Dex Trading as Decentralized Exchange Volumes Remain Flat After the first two weeks of Jan. 2023, and as of Jan. 13, 2023, metrics indicate that there has been $15.33 billion in global swaps settled among de centralized exchange (dex) platforms. Last month, dex protocols recorded roughly $43.65 billion in swaps, meaning that during the first two weeks of the new yea...

Decentralized social media platforms could provide the potential for users to own their content, and data, and make decisions about monetization. Talk of decentralized social media platforms continue to gain significant traction, with users becoming increasingly concerned with the centralized nature of traditional platforms and the potential for censorship. Even the former CEO of Twitter, Jack Dorsey has publicly pushed for a decentralized Twitter alternative.  Cointelegraph interviewed Rick Porter, the CEO of decentralized social media start-up DSVR, about the potential these platforms have to change the way users interact and share information online. Porter said that decentralized social media platforms provide, “the potential for users to own their content, their data, and make decisions about its monetization.” Porter also believes that decentralized social media platforms can be profitable for the platforms and users, alike. According to him, decentralized social media platforms...