Bouncebit

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.
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