Arbitrum


Tech

Decentralized AI Project Morpheus Goes Live on Mainnet

Like other decentralized AI networks, Morpheus seeks to curtail the negative side effects of AI, such as centralization, censorship, and data monopolies.

Morpheus, the god of sleep, painted by Jean Bernard Restout (Cleveland Museum of Art, modified by CoinDesk)

Videos

Web3 Games Funding Stabilizing at $1B in 2024

Web3 gaming is not seeing the $4 billion fundraising highs of 2022 to 2023, but data from Game 7 DAO shows that the sector has stabilized around $1 billion as it matures. Telegram is a new standout platform for game building. Plus, many are leaving Polygon for Immutable and Arbitrum. Check out 2024 Web3 game trends with CoinDesk Anchor Christine Lee on "Chart of the Day."

Chart of the Day

Tech

Is Optimism's 'Superchain' Winning the Ethereum Layer-2 Race?

One of the biggest trends of 2023 among the leading layer-2 projects on Ethereum was the emergence of “blockchain in a box,” where teams encouraged developers to clone their code to spin up new layer 2s. Now, one project in particular, Optimism, appears to be pulling away as the clear leader.

Optimism Foundation Chief Growth Officer Ryan Wyatt (Optimism Foundation)

Tech

Huddle01, Blockchain Video Conferencing Project That Seeks to Outdo Zoom, Targets $37M Node Sale

Purchasers of the nodes could earning rewards for contributing excess internet bandwidth to the network, which aims to reduce latency while providing "censorship-resistant real-time connectivity."

Huddle01 CTO Susmit Lavania, left, and CEO Ayush Ranjan, on a Huddle video conference call. (Huddle01)

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Markets

Crypto Broker DeltaPrime Drained of Over $6M Amid Apparent Private Key Leak

The project is offered on both Arbitrum and Avalanche blockchains. Monday’s exploit impacted only the version on Arbitrum as of European morning hours.

ddos (Shutterstock)

Policy

Doors Open at Prometheum as Much-Disputed Firm Tests Crypto Tokens as Securities

The controversial company is open for custody of digital securities, adding Optimism and The Graph to its list, though most of the industry disagrees on securities labels for most tokens.

Aaron (pictured) and Benjamin Kaplan, Co-CEOs of Prometheum, are expanding their custody scope for crypto securities. (Suzanne Cordiero/Shutterstock/CoinDesk)

Finance

Avalanche Becomes Latest Blockchain to Support Franklin Templeton's Tokenized Money Market Fund

The fund, which launched in 2021, currently stands at a $420 million market cap.

Avalanche. (Unsplash)

Policy

Controversial Crypto Firm Prometheum to Treat Uniswap and Arbitrum's Tokens as Securities

The SEC-registered crypto platform is expanding its custody operation beyond Ethereum's ETH, and that means it would be holding UNI and ARB as securities.

Aaron (pictured) and Benjamin Kaplan, Co-CEOs of Prometheum, are expanding their custody scope for crypto securities. (Suzanne Cordiero/Shutterstock/CoinDesk)

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Tech

Morpheus, Decentralized AI Project From Lumerin, Goes Live on Arbitrum Test Network

The premise of the technology is to avoid pitfalls of centralized AI models, which might be prone to censorship or monopoly control, according to the developer.

Artistic modification of illustration pulled from Morpheus white paper (Lumerin/Morpheus)

Policy

Exiled Russian Opposition Leader Launches Blockchain-Based Referendum on Vladimir Putin’s Election Win

The new Arbitrum-powered tool could give Russians critical of Putin a way to anonymously voice their displeasure.

16:9 Crop: Russian President Vladimir Putin. (DimitroSevastopol/Pixabay)