AILayer

AILayer and BounceBit announced a strategic partnership to jointly explore a new asset management paradigm in the Bitcoin yield sector

ChainCatcher news, the first Bitcoin Layer 2 network project supporting decentralized artificial intelligence large-scale applications, AILayer, announced a strategic partnership with Bouncebit to jointly explore new paradigms of AI-driven financial services and yield-generating tracks based on Bitcoin. This collaboration will also explore the in-depth application of AI technology in the financial sector, particularly innovations in training large AI models. Due to the massive centralized computing power required for training large AI models, traditional decentralized methods struggle to meet this demand. The emergence of the CeDeFi model not only provides intensive capital support for the training of large AI models but also offers new ways to integrate funding and resources for the future development of AI technology. This strategic partnership heralds a new chapter in the integration of AI and fintech, opening up broader application prospects for AI technology.BounceBit utilizes its BTC EVM Layer 2 platform to provide a PoS Staking mechanism, allowing staking with its native token BB or BTC assets. Additionally, through centralized custody services provided by Mainnet Digital and Ceffu, users' deposited BTC assets are converted into bounceBTC on BounceBit, which can be staked to earn validation rewards. BounceBit offers users triple returns: custody earnings from mainnet BTC assets, earnings from on-chain staking projects, and restaking rewards.At the same time, AILayer's innovative architecture aims to enhance the scalability of the Bitcoin network through its EVM compatibility and modular design, promote AI integration, and facilitate multi-chain interconnectivity within the Bitcoin ecosystem. This strategic collaboration not only marks a significant step in enhancing the functionality of Bitcoin but also provides a solid foundation for future cooperation between fintech and artificial intelligence.

AILayer announces and publishes the list of winners for the "Bitcoin Devcon Hackathon."

ChainCatcher news, co-hosted by UTXO and Satoshilab, the Bitcoin Devcon event was held in Hong Kong, where the well-known Bitcoin Layer2 project AILayer, supporting decentralized AI large-scale applications, discussed the potential opportunities of BTC Layer2 with other innovators.In the afternoon, AILayer announced the winners of the "Bitcoin Devcon Hackathon," with the awarded projects in the AILayer ecosystem being:First Prize: AINNGPU - A decentralized GPU computing node that meets users' computing power needs.Second Prize: Sweety AI - An immersive dating simulation decentralized application (dApp). This innovative platform allows users to match, chat, and create unique AI-generated partners.Third Prize: Camelot Protocol - A Layer3 blockchain that trains AI models on mobile and wearable devices in the Bitcoin ecosystem using idle GPU power.Best AI Data Award: Public AI - A web3-based Train-To-Earn network that allows everyone to upgrade AI and earn rewards by completing data tasks.Best Creative Award: BitWorld - An AI-driven modular gaming infrastructure, with their #BRC720 marketplace now live.Best Web3 AI Integration Award: Slinky Network - Bitcoin-based AI infrastructure.These winners demonstrate how innovation and technology drive the development of decentralized AI within the AILayer ecosystem.It is reported that AILayer has launched its mainnet and initiated mainnet staking activities, with a current TVL exceeding $600 million, and has received strategic investments from well-known institutions including Amber Group, Waterdrip Capital, Bitmart, Satoshi Lab, and MH Ventures.AILayer has signed a strategic cooperation agreement with the Ministry of Digital Development of Kyrgyzstan, becoming the third Web3 project globally to sign a contract with a Central Asian government, following Binance and Tether. In terms of ecosystem development, over 100 ecological applications and developers have already joined AILayer, and the AI Odyssey event launching on the mainnet, along with a developer incentive program dedicated to ecosystem building, will be announced soon.
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