RAC

Akash CEO: DePIN is more capable of attracting mainstream audiences than other crypto sectors, and regulators have recognized its unique benefits

ChainCatcher news, according to The Block, Borderless Capital partner Alvaro Garcia recently stated: "DePIN may be the only category in Web3 whose value comes from outside the crypto industry," and he believes this also allows DePIN projects to uniquely resist bear markets that may affect other crypto projects.In a recent interview at the mainnet conference, DePIN protocol Akash CEO Greg Osuri responded to this viewpoint. The protocol provides users with a decentralized marketplace to buy and sell computing power using AKT tokens and stated that regulators have already taken notice of the project's role."I spent a lot of time on Capitol Hill... I met with a key staff member of the House Energy and Commerce Committee... I introduced myself, and they said, 'We know Akash, it's the intersection of DePIN and artificial intelligence,'" Osuri said, calling the meeting "very productive."Osuri continued: "DePIN is more capable of attracting mainstream audiences than other crypto sectors. Currently, there is insufficient regulatory demand to ensure DePIN is not regulated like NFTs and DeFi, because when regulators study cryptocurrencies, they lump all industries together and regulate accordingly. So I think it's very important for us to separate the regulation of (DePIN and other cryptocurrencies) and ensure that legislators and regulators are informed. (Akash and InFlux) do not care about competition... as a way to demonstrate that we can achieve unity because we all care about the industry... Through this unity, I believe we can achieve regulatory clarity."

Movement announced the results of the Battle of Olympus, with award-winning projects from multiple tracks including DeFi and AI

ChainCatcher news, Movement announced the results of the hackathon Battle of Olympus, during which a total of 2,100 project applications were received, with 85 reaching the finals, and ultimately 10 projects winning.Winners will receive multiple supports from Movement Labs, including grants of up to $100,000 from the Movement Foundation, exclusive access to Move Collective, referrals to Movement's venture capital network, ongoing technical support, resources and expert guidance, and eligibility for the MoveDrop program.Winning projects:Titan Track (Existing Projects)StakedMove: The preferred liquid staking token for Movement, enhancing network security and user yield opportunities;DeFi TrackGasyard: Cross-network gas optimization protocol that simplifies DeFi transactions and improves user experience;PicWe: Full-chain liquidity infrastructure that facilitates seamless asset transfers across the entire Movement ecosystem;AI TrackRNDM: AI-driven modular liquidity solution aimed at transforming automated market making in DeFi;SocialFi TrackPodium: A Web3 social audio platform that supports community-hosted discussions, connecting social media and blockchain;Movewiffrens (MWFs): A decentralized social media platform that reconstructs online interactions through blockchain-based identity and content ownership;NFT/GameFi TrackSeekers Alliance: A skill-based trading card game with an innovative NFT mechanism, showcasing advanced smart contract capabilities on Movement;Simemes: A meme-driven social gaming platform that combines internet culture with blockchain gaming;InfrastructureMovide: An advanced online IDE for Move, accelerating development on the Movement network;Scaffold Move: A comprehensive toolkit for building DApps, lowering the entry barrier for Movement ecosystem developers.

The FBI is accused of violating the MIT License when using smart contract code

ChainCatcher news, according to Cointelegraph, the Federal Bureau of Investigation (FBI) has been criticized for allegedly violating the terms of the MIT License in its smart contracts. X user 0xCygaar (self-identified as an AbstractChain contributor) publicly accused the agency of not properly including the required license attribution when using the OpenZeppelin library (an open-source code resource). If confirmed, this omission could constitute a violation of copyright law, as the MIT License explicitly requires that any substantial use or modification of its code includes the original license. X users claim they have warned the FBI to "take necessary measures against the FBI."The MIT License governs the use of blockchain technology, particularly within the Ethereum ecosystem. It can be distributed, modified, and used for free as long as the original license terms are followed. A public inspection of the FBI's smart contract on Etherscan shows that the code is marked as "unlicensed," sparking varied reactions from the community. The implications of the alleged violation could be serious, as the MIT License, while generally considered developer-friendly, is legally binding, and if OpenZeppelin chooses to do so, it can take legal action by sending a cease-and-desist order requiring the FBI to rectify the violation or stop using the code. However, any formal lawsuit against the FBI would face challenges due to sovereign immunity.
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