๐คฉ Good morning, last week Alibaba Cloud just rolled out a cool new launchpad on Avalanche called Cloudverse.
This launchpad is designed to provide an end-to-end platform for companies to customize and maintain their metaverse spaces. We are excited to see more big tech companies getting involved in Web3!!๐
๐ For those wondering what a launchpad is:
- A launchpad is a platform that enables the launch of new projects or cryptocurrencies. It typically provides support for fundraising, marketing, and community building to help the project gain traction and succeed.
- Launchpads can be centralized or decentralized, and they are often used in the blockchain industry to facilitate initial coin offerings (ICOs) or initial DEX offerings (IDOs).
PS: If you want to learn how to train your own AI-assistant model to answer questions on Web3/Non-Web3 featured topics, check out our latest upgrades on AI-Training Open Platform, join the waitlist here, and wait for the magic to happen.
Some Numbers#
$RSS3 Statistics (as of May 7, 2023)#
| Market Cap | $47,899,674 | |
| 24h Volume / Market Cap ratio | 0.034 | |
| 7d High / 7d Low | $0.1443 /$0.1166 |
Market DeFi Index#
Last weekโs crypto market prices were down -2.38%. Volume and volatility also dropped by -14.91% and -21.18%, respectively.
Source: Crypto.com Research
๐ง The US Federal Reserve increased interest rates by 25 bps last week โ its 10th hike in 14 months. That pushed its benchmark target rate to between 5% and 5.25%, up from near zero in March 2022. Economists are concerned that ten rate hikes in one year may cause the economy to slow down or even trigger a recession.๐ถ
RSS3 Network Metrics (as of May 7, 2023)#
| Total API Calls | 193.16M | |
| Total Open Web Activities | 353.8M | |
| Last 7-Days Active Personas | 64,729 |
Product Update#
RSS3 API#
- Significant progress in the development of API v2. The framework has been completed, marking a major milestone towards its launch.
- Efforts are being made to add more contracts to the system while also enhancing the functionality of the data warehouse.
RSS3 AIOP#
- Ongoing development of the Model 1 API, with a focus on expanding its query capabilities.
- Our team is making steady progress on the Model 1 NLU and backend API, which will enhance the system's overall performance.
- Various tests are being conducted on the Token Prediction model to ensure its accuracy and reliability.
Hoot.it#
- We have improved our NFT search functionality, making it easier to find exactly what you're looking for.
- Our feed ranking has also been enhanced, ensuring that you receive the most relevant and engaging content first.
Marketing Update#
- The BNB Hackathon is in full swing, and we are excited to see what innovative ideas participants will bring to the table. Submissions are due on Sunday 14th May at 11:59 pm in your local timezone. ๐
- We are happy to have joined BTS Labs on exploring the world of #memecoin on Trends, Impact, and Future Prospects.
- Our team has received numerous requests from the community regarding a re-staking program, and we are actively taking your feedback into consideration. We will keep you updated on any developments.๐
- New collab with @Knn3Network ๐๐ RSS3 is excited to support the KNexus-Psyche debut- an #NFT project that combines #Web3 and #AIGC features.
Stay tuned for more updates from RSS3.
Til next week!
RSS3 Team
๐ก 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.
Find Us#
๐ฆ Twitter: https://twitter.com/rss3_
๐พ Discord: discord.gg/CXrJFSeZQz
๐ค Official Website: https://rss3.io/
๐ฎ Email: [email protected]