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RSS3 Weekly Update May 8-14 Y23CW20

#Weekly Update11546
AI-generated summary
A new blockchain called Canton Network has gained attention from major industry players such as Microsoft, Goldman Sachs, and Deloitte. The blockchain is designed for financial institutions and testing will begin in July. It offers features that cater to the needs of these institutions, but some decentralization advocates are concerned about the potential for central bank digital currencies. In terms of cryptocurrency market trends, Bitcoin and Ethereum have experienced a decrease in price, and other tokens like Polygon and Avalanche have dipped significantly. The RSS3 network has seen high activity in terms of API calls and open web activities. The RSS3 API and AIOP are undergoing updates to improve their functionality and data coverage. Hoot.it is also being revamped, and marketing efforts include collaborations and support for other projects. The BNB Zero2Hero Hackathon is currently in the review phase.

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๐Ÿฃ 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.

๐ŸŒŸ Decentralization OR NOT? What goes around comes around...

  • ๐Ÿ˜„ 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.

  • ๐Ÿซค 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.

Some Numbers#

$RSS3 Statistics (as of May 14, 2023)#

Market Cap$46,093,630
24h Volume / Market Cap ratio0.018
7d Low / 7d High$0.1045 / $0.1102

Market DeFi Index#

Last weekโ€™s crypto market prices were down -5.74%. Volume and volatility also dropped by -4.46% and -13.83%, respectively.๐Ÿ“‰

Source: Crypto.com Research

๐Ÿง 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 Calls198.4M
Total Open Web Activities358.2M
Last 7-Days Active Personas57,430

Product Update#

RSS3 API#

  • 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.

RSS3 AIOP#

  • Iterations for the Token Price Prediction module๐Ÿ“ˆ, 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.

Hoot.it#

  • We are working on a completely new version of Hoot.it ๐Ÿฆ‰, 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.

Marketing Update#

  • 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.
    Screen Shot 2023-05-15 at 21.35.22

  • We are delighted to provide support for KNN3's AIGC feature ๐ŸŽจ, 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.
    knn3xrss3.jpeg

  • The review phase of the BNB Zero2Hero Hackathon has begun.โณ 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.

  • ๐Ÿš€ Buckle up and get ready for some major announcement. We currently working on SOMETHING BIG, so stay tuned!

๐Ÿƒโ€โ™‚๏ธTil next week

RSS3 Team

๐Ÿ’ก 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#

๐Ÿฆ Twitter: https://twitter.com/rss3_
๐Ÿ‘พ Discord: discord.gg/CXrJFSeZQz
๐Ÿค– Official Website: https://rss3.io/
๐Ÿ“ฎ Email: [email protected]

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