ChainCatcher news, the TAO Foundation announced that a new subnet is about to be launched for the GPU leasing platform Fish, providing scalable computing resources for validators and users, which can be paid for using TAO tokens.

ChainCatcher news, according to The Block, Avalanche "subnets" have been renamed to Avalanche Layer 1s (L1s). Avalanche L1s are typically application-specific blockchains that can be customized to meet the specific needs of different use cases.In addition, Avalanche has initiated a community proposal ACP-77, aimed at reforming the creation and management design of Avalanche L1s, bringing more flexibility and autonomy to Avalanche L1s validators.

ChainCatcher message, the Helium community is discussing the new proposal HIP 128, which suggests the creation of the ENERGY subnet to reward users participating in the energy market through solar power generation and battery storage.This subnet will support the integration and rewards of distributed energy resources (DERs), allowing residential users to contribute to grid stability and earn rewards. The main advantages include dual mining, increased network activity and data credit consumption, entry into the renewable energy sector, and promotion of green energy practices.

ChainCatcher news, the video streaming platform Livepeer has announced the launch of the decentralized video processing network Livepeer AI subnet, which will have AI computing capabilities. This subnet will be built on Livepeer's decentralized video processing network architecture, providing globally accessible open video infrastructure and incentivizing scalability through a blockchain-based token economy. The Livepeer AI subnet also allows Livepeer Orchestrator node operators to earn ETH and LPT revenue by deploying GPU resources for AI processing tasks.Livepeer's AI subnet is being rolled out in three phases, with the first phase completed and currently being optimized. Livepeer expects to launch the mainnet in the third quarter of 2024.

ChainCatcher news, the Avalanche official website shows that the Lamina1 subnet is now live.It is reported that Lamina1 was co-founded by science fiction writer Neal Stephenson and early Bitcoin investor Peter Vessenes.

ChainCatcher message, the AI project Bittensor community TAO Community Hub tweeted that Bittensor is launching weekly subnet slot expansions. Starting today, the Openτensor Foundation will add 4 slots each week until reaching a new limit of 64 slots, aiming to achieve 1024 subnets this year.

ChainCatcher news, the blockchain gaming platform PlayDapp team announced plans to launch its mainnet on April 11 through the Avalanche subnet to expand its Web3 business.It is reported that after the mainnet launch, PlayDapp will no longer support the existing public multi-chain, but will operate an independent chain with self-validating nodes as the mainnet to load various Web3 game projects and expand the ecosystem. At the same time, it will also focus on supporting various game projects to be loaded onto the PlayDapp mainnet, allowing users to participate in staking, voting, and NFT trading on the mainnet.

ChainCatcher news, the Avalanche development team has released the Durango upgrade and launched the Teleporter to enhance interoperability within its subnet ecosystem.It is reported that the Teleporter aims to unify specific application chains (or subnets) within the Avalanche ecosystem, addressing the issue of network fragmentation. It is built on Avalanche Warp Messaging (AWM) and can communicate between its EVM-compatible subnets.

ChainCatcher news, according to CoinDesk, Citibank has partnered with traditional financial giants WisdomTree and Wellington Management to conduct a proof of concept for the tokenization of private equity funds on the Avalanche subnet Spruce, testing various use cases including end-to-end token transfers, secondary transfers for trading, and validating new features through collateralized loans.It is reported that the Spruce subnet is specifically designed for large financial institutions looking to utilize public blockchain infrastructure.

ChainCatcher news, the open-source AI research organization Nous Research announced on social media the establishment of a subnet on the decentralized AI network project Bittensor (TAO), aiming to provide a new evaluation system for open-source models.Nous Research stated that traditional benchmarking heavily relies on public datasets, which are easily exploited and often lead to scores that appear high but obscure the true capabilities of the models, misleading developers into meaningless score chasing.It is reported that the Cortex subnet is a dynamic source of fresh synthetic data continuously generated by GPT-4, allowing the use of fresh and unpredictable high-quality data to test models and ensuring a fair and accurate consensus on which model most closely reflects GPT-4's performance. This new system aims to celebrate and reward the creators of truly user-needs-satisfying public open-source models through Bittensor's built-in incentive structure.

ChainCatcher news, Masa Finance will launch a decentralized data marketplace on the Avalanche subnet, expected to be released in the first quarter of 2024. The subnet represents an extension of Masa's existing data protocol. The team stated that the project aims to allow users to regain control of their personal data and be incentivized for its use.

ChainCatcher news, the DFINITY Foundation announced the launch of a European subnet on the Internet Computer (ICP), providing infrastructure for decentralized applications (dApps) that comply with the General Data Protection Regulation (GDPR). This new infrastructure will enable developers to launch dApps in the European market that protect personal and financial data, adhering to strict and established regulatory practices. Additionally, there are two upcoming features on the Internet Computer that will allow developers to further enhance the privacy and security of user data under the GDPR and the European subnet's specifications: VetKeys will enable distributed decryption, and AMD SEV-SNP aims to protect boundary node virtual machines (VMs). The launch of the European subnet follows the approval of three proposals submitted by DFINITY to the NNS, with 99% of participating ICP token holders supporting these proposals. The European subnet is now live and open to developers in the EU, who can build GDPR-compliant dApps on this foundation.

According to ChainCatcher news reported by Decrypt, the blockchain gaming studio Mirai Labs has migrated its entire ecosystem from Polygon to its Avalanche subnet and upgraded its horse racing game Pegaxy's governance token PGX to be the Gas token of its subnet.Mirai Labs is the developer of the blockchain game Pegaxy, the PGX token, the Petopia application, the Mirai application, and Mirai Pay.

ChainCatcher news, according to VentureBeat, Solert Games will launch the Avalanche subnet and release the medieval-themed mobile game "Legends at War".It is reported that the Solert subnet will be supported by its own gas token LAW and will develop a set of tools to assist game studios in developing games based on this subnet. (source link)

ChainCatcher news, cryptocurrency custody technology provider Fireblocks announced support for the Avalanche subnet testnet Spruce. Fireblocks users can custody Spruce subnet tokens and initiate transactions on the Spruce testnet directly from the Fireblocks console and API.Previously reported, on April 13, Avalanche launched the Evergreen subnet testnet Spruce, with initial institutional partners including T. Rowe Price Associates, WisdomTree, Wellington Management, and Cumberland. Participating institutions will use Spruce as a testnet for various applications and assets to measure the benefits of on-chain transaction execution and settlement. (Source link)

ChainCatcher news, the gaming guild Merit Circle DAO announces the launch of the game-centric subnet Beam, supported by Avalanche, operating independently to meet the needs of gamers and game developers.Beam will support games such as Trial Xtreme, Walker World, Hash Rush, Sphere, and Edenhorde Eclipse, and will also launch products like AMM and other infrastructure products. (source link)