Vitalik Buterin’s Token2049 Speech Highlights Crypto Innovations[embed]https://www.youtube.com/watch?v=BQxr_rs31ok[/embed]

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<p><strong>The Token2049 conference held in Singapore has reaffirmed its status as a pivotal event within the crypto sector, showcasing significant progress and partnerships.</strong></p>
<p>The conference addressed diverse topics, from the growth of Ethereum to fresh alliances in sports and artificial intelligence, underscoring the industry's constant evolution.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-vitalik-sings-ethereum-s-progress-fees-speed-future">Vitalik Celebrates Ethereum’s Evolution: Fees, Speed, Future</h2>
<p>Ethereum's founder, Vitalik Buterin, captivated Token2049 participants by presenting his updates in a performance akin to a concert. Despite the unconventional format, he provided vital insights into Ethereum’s advancements.</p>
<p>Buterin pointed out that Layer-2 networks have significantly lowered transaction costs and enhanced confirmation speeds to a mere 5 to 15 seconds.</p>

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<p>He emphasized the necessity of harmonizing mainstream acceptance with Ethereum's foundational principles of decentralization and open-source innovation. Buterin briefly acknowledged the ongoing rivalry with Bitcoin, which commands 58% of the market share.</p>

<p>On the second day of Token2049, the global cryptocurrency exchange Bitget announced a partnership with LaLiga. Coinciding with Bitget's sixth anniversary, this collaboration will leverage blockchain technology alongside LaLiga’s initiatives in AI, virtual reality, and the metaverse.</p>
<p>According to Bitget CEO Gracy Chen, this partnership could engage millions of football enthusiasts in emerging markets. This follows Bitget’s 2022 collaboration with Lionel Messi, showcasing the expanding intersection of crypto and sports.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-solana-mobile-unveils-seeker-next-gen-web3-smartphone">Solana Mobile Launches ‘Seeker’: The Next-Gen Web3 Smartphone</h2>
<p>Solana Mobile, part of Solana Labs, has introduced its second-generation Web3 smartphone, named “Seeker.” Previously tagged as “Chapter Two,” Seeker has already garnered over 140,000 presale orders across 57 countries, according to Emmett Hollyer, the general manager of Solana Mobile. The device is expected to launch in 2025 and aims to advance mobile development in the Solana ecosystem.</p>
<p>Key features of Seeker include a seed vault wallet, an upgraded Solana dApp Store 2.0, a Seeker Genesis token, and enhanced hardware specifications. The Early Founder pricing is set at $450 until September 21, 2024.</p>

<p>This launch follows initial challenges with the Saga phone's sales, which eventually sold out following an increase in the value of the BONK meme coin.</p>
<p><strong>Read more: 6 Best Platforms To Buy Solana (SOL) in 2024</strong></p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-chainlink-s-sergey-nazarov-predicts-rwa-surge">Chainlink’s Sergey Nazarov Forecasts Surge in RWA</h2>
<p>Chainlink co-founder Sergey Nazarov reiterated his belief that tokenized real-world assets (RWA) are poised to surpass cryptocurrencies in value on Web3. During his keynote at Token2049, he remarked that traditional finance (TradFi) will emerge as decentralized finance’s (DeFi) largest client, reshaping the blockchain landscape.</p>
<p>Nazarov pointed out that Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is critical for connecting varying financial systems. He noted that Chainlink’s oracle network has facilitated a remarkable $15.49 trillion in transaction value since 2022.</p>
<p>For TradFi to seamlessly integrate with blockchain, it requires access to various data types and cross-chain capabilities. CCIP provides programmable token transfers, permitting the inclusion of value and data in single transactions.</p>

<p>CertiK, a leading blockchain security firm, has unveiled significant upgrades to its Web3 services. The company launched two complimentary community security tools: Token Scan and Wallet Scan, designed to bolster user asset protection.</p>
<p>Token Scan delivers instantaneous security assessments for tokens, enabling users to identify potential scams across networks like Solana. Meanwhile, Wallet Scan enables users to evaluate their wallets for hazards such as approval vulnerabilities and interactions with phishing addresses.</p>
<p>These tools were developed through CertiK’s extensive background, which includes over 70 white hat operations, more than 4,000 reported security incidents, the detection of 115,000 code vulnerabilities, and safeguarding around $360 billion in assets.</p>
<p><strong>Read more: 15 Most Common Crypto Scams To Look Out For</strong></p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-hollywood-veteran-critiques-celebrity-meme-coins">Hollywood Expert Critiques Celebrity Meme Coins</h2>
<p>Andrew Saunders, a former Hollywood executive and now Chief Marketing Officer at Skale, expressed his concerns about celebrity-backed meme coins at Token2049. Despite his entertainment industry background, Saunders cautioned against these tokens due to their concentrated supply and associated risks, comparing them to a player-versus-player format where early investors hold the advantage.</p>
<p>Looking to the future, Saunders anticipated a transformation in the crypto landscape as regulations solidify and public understanding matures. He foresees a time when celebrities leverage blockchain for more meaningful fan engagements, tapping into unique data through an “arm-in” approach.</p>

<p>As a preferable alternative to meme coins, Saunders encouraged celebrities to create decentralized applications (DApps) that allow fans to earn points through social interactions, which could be redeemed for exclusive experiences or merchandise.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-solidus-ai-tech-and-sambanova-partner-for-web-3-0-ai">Solidus Ai Tech Partners with SambaNova for Web 3.0 AI</h2>
<p>Solidus Ai Tech has formed a partnership with SambaNova Systems to propel AI advancements in Web 3.0 by integrating SambaNova’s RDU stacks into Solidus Ai Tech’s AI marketplace and European HPC Data Centre. This collaboration is expected to deliver unmatched speeds in AI inferencing and fine-tuning.</p>

<p>The AI Marketplace, scheduled to launch in September, will host advanced AI models powered by SambaNova’s SN40L chip, making high-performance AI solutions accessible across various sectors. Paul Farhi, CEO of Solidus Ai Tech, described this launch as a significant advancement for AI, while Su Le from SambaNova highlighted the potential for decentralized intelligence within Web 3.0.</p>
<h2 class="bic-gutenberg-heading wp-heading wp-block-heading" id="h-venture-trio-launches-fund-for-aptos-ecosystem-growth">Venture Trio Creates Fund to Foster Aptos Ecosystem Growth</h2>
<p>MEXC Ventures, Foresight Ventures, and Mirana Ventures have teamed up to launch a new fund aimed at fortifying the Aptos ecosystem. This joint venture will concentrate on supporting promising projects built on the Aptos framework, particularly those focused on crucial Web3 applications.</p>
<p>The fund will prioritize initiatives that utilize the Aptos infrastructure, including technologies such as Block-STM, and those that promote effective interoperability with key EVM ecosystems. This strategic investment illustrates strong confidence in Aptos’ technological innovations and future prospects.</p>

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