In the past, critical last-minute developments have attracted attention for five altcoin projects. In particular, partnerships that are very important in the field of Bitcoin and altcoins have affected the market. Here are the details…
Tether invests $1 billion in El Salvador
Stablecoin issuer Tether has announced that it will partner with Bitcoin-friendly country El Salvador to invest in a planned $1 billion renewable energy venture. The Central American country continues its efforts to promote Bitcoin. Because it was the first country to make BTC legal money about two years ago. The last of the efforts; Renewable power generation zone in Metapán that aims to harness solar and wind energy to power and monetize Bitcoin mining operations. Tether is among investors in the first round of capital raising to develop Volcano Energy, the upcoming 241-megawatt (MW) renewable energy park. Located in Metapán, the site will consist of 169 MW of photovoltaic solar power and 72 MW of wind power.
Filecoin becomes a giant in the zk-SNARK network
Filecoin (FIL) said they are the largest deployed zk-SNARK network. The Filecoin Network currently produces 6-7 million zk-SNARK proofs per day, and each proof covers over 100 million arithmetic constraints. To achieve this feat, significant enhancements and optimizations have been implemented to scale existing SNARK creation tools and meet the extraordinary demands of the network. A zk-SNARK functions as a cryptographic verification that allows a party to demonstrate that it has certain information without revealing the actual data.
“To our knowledge, Filecoin represents the largest ever distribution of zk-SNARK in various sizes,” Filecoin said. Also, the Filecoin network announced a wide range of enhancements due to the recent release of the nv19 Lightning Upgrade. The release of the nv19 Lightning Upgrade marks a significant advance in decentralized storage.
Is there a collaboration between Apple and Render (RNDR)?
A product connected to the render network (RNDR) was mentioned as part of the keynote at Monday’s Apple event. Artificial intelligence-based crypto tokens like Render and SingularityNET have gained popularity recently. Meanwhile, AI chatbots and other products have yet to integrate crypto payments, despite widespread expectations. Also, no features or updates related to the crypto market were mentioned during the WWDC conference. Still, Apple is OTOY Inc., whose CEO is also responsible for setting up the Render network. It looks like he could partner with the company.
At the Apple keynote event on Monday, the iPhone maker company showcased Octane X, a GPU rendering feature available in the Mac App Store. Octane is directly related to the Render (RNDR) token as OTOY is the company behind both products. However, Apple’s Augmented reality (AR) and Virtual Reality (VR) product Vision Pro headset was originally expected to require Render mesh functionality for GPU rendering. Apple did not mention such a partnership during the event.
Tencent and Chainlink become partners
The Tencent team announced that Tencent Cloud, defined as one of the world’s leading cloud companies, has established a partnership with Chainlink Labs, the developer of Chainlink Network. According to the statements, this partnership will “help support the development of the global Web3 ecosystem”. Tencent Cloud provides Web3 developers with “stable and secure cloud services and tools such as Cloud Virtual Machine and Elastic Kubernetes Service.”
Tencent Cloud offers “a set of solutions for various segments within Web3”. It is therefore important to use these solutions in conjunction with Chainlink Web3 services, which provide access to off-chain data and computing. Thus, developers can “create more secure, reliable, and feature-rich applications.”
GameStop NFT partners with this altcoin
Illuvium announced on June 5 that it has formed a partnership with video game and consumer goods retailer GameStop to launch a collection of 20,000 nonfungible tokens (NFTs) starting June 12. According to the developers, “Illuvitars” NFTs are “dynamic works of art”. Each Illuvitar carries a power rating determined by its rarity, helping you climb the leaderboard.”
Each “GameStop x Illuvitar D1SK NFT” will feature a unique GameStop-branded “Illuvitar”, and the developers say these Illuvitars have “108 potential combinations.” D1SKs contain random Illuvitars and accessories. Illuvi can be traded on its decentralized exchange. In addition, NFT owners will receive early access to Illuvium’s creature collection games, Illuvium Overworld and Illuvium Arena, and other perks.
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