Arnold Toh

All things Crypto/Outdoors/Science

[Lars @lars0x]

1/12 December summary 🧵

Many metrics reached new all-time highs.

Total adjusted on-chain volume decreased by 5.9% to $670B (BTC: -5.4%, ETH -6.9%):

[Arnold Toh @rnotoh]

Don't hesitate to reach out if you've any questions! And shill this to your friends! Trust me, it's alot more fun celebrating new ATHs with them!

https://t.co/aW23dpOAmp

[Arnold Toh @rnotoh]

Y'know what's better than a holiday? A holiday where you can win cash while celebrating new BTC highs (hopefully).

Join The Block at Emergence, 5-6 Dec @ Prague Congress Center!

[Arnold Toh @rnotoh]

It's two days of hearing giga brains talk, and you get to test your smarts in a quiz hosted by Frank (@fintechfrank), where you can win up to $30k and bragging rights!

Oh and you'll also get to meet crypto's tallest man (@lawmaster) alongside many other influential people!

[Eden Au @0xedenau]

1/ @avax has long promoted horizontal scaling using sovereign, customizable subnets, now known as Avalanche L1s.

However, the current validator requirements for Avalanche L1s pose high barriers to entry. ACP-77 fixes this. $AVAX 🧵 👇

[Arnold Toh @rnotoh]

To learn more about NIM's underlying technology as well as their upcoming roadmap, you can read the full research article here:

https://t.co/1CtWOUOJZB

[Arnold Toh @rnotoh]

On the tech side, NIM has employed several noteworthy mechanisms but we will focus on the main one here: provable computation. Provable compute is enabled by using a new type of validity proof, Ligero, and would allow computationally-extensive AI training to be done off-chain.

[Arnold Toh @rnotoh]

Ultimately, NIM aims to become the optimal testing ground for deploying and testing AI agents for Web3 games and would be introducing new incentivization methods for the impending coalescence of the gaming and AI ecosystems.

[Arnold Toh @rnotoh]

And NIM is already seeing some traction, as the NIM development team recently onboarded Parallel's Colony (@ParallelTCG) as one of their game partners. Additionally, NIM is launching TITANS, a novel AI game, that would serve as the trailblazer to test out NIM's capabilities.

[Arnold Toh @rnotoh]

NIM's value proposition is straightforward: incentivize AI developers to develop quality AI agents for game developers, which users would then pay for an enhanced gaming experience. Users can also stake NIM tokens to co-own these agents and share in the revenue generated.

[Arnold Toh @rnotoh]

The research was focused on NIM's developments, most of which had been in stealth, until recently. Using Dymension (@dymension) as the underlying Layer 1, NIM is the first EVM-compatible RollApp to go live on Cosmos.

[Arnold Toh @rnotoh]

Amidst the AI-driven narratives across various protocols today, The Block Research Pro has had the opportunity to interview the founders and builders at NIM network (@nim_network), which recently announced their genesis airdrop, slated for April 2024.

[Lars @lars0x]

1/13 January summary 🧵

Most metrics continued to increase in anticipation of the first US Bitcoin spot ETF approval, which was granted for a total of 11 ETFs on January 10.

Total adjusted on-chain volume increased by 8.8% to $357B (BTC: +10.6%, ETH +6%):

[Foresight News Global @ForesightNewsEN]

🌟FORESIGHT2024: Web3 Visionaries' New Year Speech
⌚️Dec.29th, 2PM-4PM GMT+8
👏Host @rnotoh
👬Speakers @ag_dwf @TheVanderWal @tomngodefi @sharkteamorg
💬https://t.co/vq4TDkw2OQ

[Arnold Toh @rnotoh]

6/ To read more about key trends in L2s and other sectors in 2023, you can download the full report here:

[The Block @TheBlockCo]

2024 Digital Assets Outlook https://t.co/Iz6xU2zJcg

[Arnold Toh @rnotoh]

L2s have had a pretty exciting year and with more airdrops expected in 2024, it's only going to get more attention than before! Here are 5 notable developments in the L2 space highlighted in @TheBlockPro__
2024 Digital Assets Outlook:

[Arnold Toh @rnotoh]

5/ Lightning Network still growing

The largest scaling layer for Bitcoin is still increasing in capacity, which implies a continued usage of the Lightning Network since inactive channels will eventually be closed and settled on Bitcoin.