IlluMyFi

The digital asset landscape is constantly evolving, driven by the relentless innovation of blockchain and Web3 pioneers. These avant-garde projects not only forge new paths for early adopters but also lay the groundwork for the transformative solutions of tomorrow. As the digital sphere expands, diversification in Layer 1 blockchain technologies holds paramount importance. A multiplicity of approaches fosters a fertile ground for developers to cultivate solutions that address the pressing challenges of the present. That is why January 12 is a crucial date for blockchain. Areon Network stands out from the crowd with its unique Layer 1 technology, powered by the groundbreaking Proof of Area (PoA) consensus mechanism. PoA ingeniously reimagines the established concept of Delegated Proof of Stake. Here, holding 10,000 AREA, the network's native token, grants you not just voting rights but also a coveted parcel of land within the Areon metaverse. This digital real estate unlocks a multitude of possibilities. Craft your own decentralized application (dApp) or establish a thriving online business. Unleash your inner marketing guru and leverage your land for targeted advertising. Or, for the entrepreneurial spirits, monetize your property by leasing it to others. This tangible benefit adds an attractive dimension to the traditional staking model, offering investors a compelling alternative to the lock-up periods associated with conventional staking mechanisms. Areon Chain boasts Ethereum Virtual Machine (EVM) compatibility and operates on the robust Tendermint Core, ensuring both scalability and interoperability. The Areon testnet has yielded promising results, showcasing a swift and dependable technological foundation. However, like a young sapling in a towering redwood forest, Areon Network is still in its nascent stages. While its technical prowess is undeniable, widespread adoption necessitates the discerning eye and rigorous evaluation of the broader crypto community. Areon Network commemorates its first birthday on January 12th, marking the auspicious date its token debuted on a centralized exchange. Yet, the blockchain market is a fiercely competitive arena, and only time will tell whether Areon Network will carve its permanent niche in this ever-shifting digital landscape. Areon Network's intriguing blend of PoA, metaverse integration, and a focus on scalability and interoperability presents a captivating proposition. Will it blossom into a thriving virtual ecosystem where users can not only transact and interact but also own a piece of the digital landscape? The answer, as with all nascent ventures, lies in the hands of the community. As more minds delve into the intricacies of Areon Network, its potential to revolutionize the way we interact with and within the blockchain realm will become increasingly evident. Therefore, keep your eyes on Areon Network. This young sapling, with its fertile plot of virtual land and innovative consensus mechanism, might just sprout into the next giant of the blockchain forest. Like using Discord or Telegram? Say hi to Areon's official communities or visit their website and Docs sections if you prefer technical details. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Sentiment

Bearish/Bullish

13.01.24 01:45

by cryptorank.io

The Future of AI is Here and Now: Creed&Bear CTO Flavio Villa | Projects | Crypt...

The past couple of years have witnessed the cropping up of AI solutions across various sectors. Businesses have been leveraging AI tools to reduce costs, increase efficiency, and occasionally improve bottom lines. In a survey Forbes ran on the application of AI in the workforce, a whopping 64% of respondents anticipate that AI will improve customer relationships and increase productivity, while 60% believe that it will drive sales growth. With the prospect of AI solutions being hardwired into business processes today, we sat down with Flavio Villa, Chief Technology Officer of MENA-based fintech company Creed&Bear, to learn more about the potential and applications of AI in financial services and how Creed&Bear is poised to capitalize on it. I believe that there will be stronger regulations surrounding generative AI and that the world will be taking them more seriously. I think everyone's going to have an AI-driven competitive advantage, and that's good. That'll eventually push for more innovation. In FinTech especially, AI will speed up the most repetitive, manual, and time-consuming work and also improve the probability of good quality output being generated. What we have developed at Creed&Bear is basically an AI engine that is able to run on different data sets, which is currently being applied to crypto, but it can also be used to study weather data or other kinds of data sets. So yes, we are able to scale our technology and our vision outside the traditional sectors because the capability of our AI to understand, process and clean data is unfathomably huge. We have already explored the possibility of using our AI core engine outside the traditional sectors. For example, we ran a test where we were able to calculate the performance of a famous football player (from a very important football team) at their next match with very precise accuracy. The concept of blockchain as we know it today will change completely in the future. The reason is the technology behind it, it's moving faster than the adoption. For example, one year ago the world was talking about NFTs and how it was so technologically advanced that it could transcribe the real world to digital. But today, we talk about generative AI the same way. In short, we know that blockchain technology will move fast and that the change in this space is constant. We position ourselves as a leader by prioritizing one aspect of our business: Investing in the research and development of AI and ML. Its adoption is picking up steam in the financial world. The global market for artificial intelligence in asset management was worth about $2.6 billion in 2022 and is expected to expand at a compound annual growth rate of 24.5% from 2023 to 2030. That's a great indicator of adoption. Of course, at Creed&Bear, we're already a few steps ahead, but we want to be light years ahead. Our AI-powered data analysis helps us extract meaningful insights from up to 40 GB of data every second, but the thing is, that number continues to grow. I'm...