Solana Ecosystem Biweekly Digest #21
Greetings and welcome to the latest release of the Solana Ecosystem Biweekly Digest! Delve into this edition to uncover the remarkable progress made by the Solana community in the last fortnight. Keep abreast of recent milestones, including fresh releases and collaborative ventures. Come along as we examine the significant developments shaping the course of the Solana Ecosystem.
Accelerating AI Development: Nimble Network and io.net Partner Up
Nimble Network and io.net unite to advance AI development. Leveraging Nimble’s decentralized framework and io.net’s compute network, developers gain access to powerful resources, overcoming GPU availability and cost barriers. The partnership aims to enhance AI capabilities through joint marketing, proof of concept development, and seamless tool integration. You can read about it in this article.
YOURAI Partners with NVIDIA for AI Innovation in E-commerce
YOURAI joins the NVIDIA Developers program to advance AI-driven solutions for e-commerce. Leveraging NVIDIA’s GPU technology and expertise, YOURAI aims to revolutionize online shopping experiences through personalized content solutions. The collaboration also explores federated learning techniques, positioning YOURAI at the forefront of AI innovation in the e-commerce landscape. You can read about it in this article.
Velo and Lightnet Partner with Solana for Laos Gold Project
Velo, in collaboration with Lightnet, teams up with the Solana Foundation to establish a clearing house for Laos’ digital gold transactions. Acting as the backbone infrastructure layer, Velo ensures efficient transaction processing and upholds trust, while Solana serves as the blockchain settlement layer. The partnership enhances interoperability between Solana’s L1, Nova, and EVM-compatible chains, advancing cross-chain transactions and contributing to the growth of the Web3 ecosystem. You can read about it in this article.
Ellipsis Labs Secures $20M Series A from Paradigm
Ellipsis Labs, focusing on on-chain mainstream finance, announces a $20M Series A led by Paradigm, with participation from Electric Capital and 30+ industry leaders. Their Phoenix DEX on Solana has become a top 5 DEX by spot volume without relying on liquidity incentives, emphasizing the move towards decentralized finance. The funding will accelerate DeFi progress across the stack, aiming for a more accessible and transparent financial system. You can read about it in this article.
CoinTracker Introduces Cutting-Edge Solana Support
CoinTracker introduces robust Solana support, facilitating accurate tax reporting for users across the Solana ecosystem. With seamless wallet syncing and comprehensive coverage, CoinTracker simplifies tax calculations from onramps to DeFi and NFT activities. Partnering with industry leaders, CoinTracker sets the standard for crypto tax reporting, ensuring accessibility and accuracy for all users. You can read about it in this article.
In Summary, recent partnerships in AI, e-commerce, finance, and blockchain demonstrate the swift progress of technology. From AI advancements with Nimble Network to Solana’s role in finance, these collaborations showcase blockchain’s transformative potential. Ellipsis Labs’ funding and CoinTracker’s Solana support signify the rise of decentralized finance. These developments reflect the dynamic evolution of technology across sectors.
About SolanaPrime:
SolanaPrime is a Solana-powered, fully decentralized IDO launchpad platform. It serves as the primary market gateway for the next generation of DeFi, GameFi, and Metaverse dApps to launch on the Solana ecosystem, either as direct token participation in the IDO or indirect exposure to SolanaPrime in its entirety.
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