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  • Avalon Labs (AVL) releases whitepaper for AI-powered RWA marketplace

    Avalon Labs (AVL) releases whitepaper for AI-powered RWA marketplace

    Avalon Labs (AVL) releases whitepaper for AI-powered RWA marketplace

    • The whitepaper announces the world’s first AI-backed RWA marketplace.
    • It launches on BNB Chain, welcoming participation from AI developers and GPU owners.
    • AVL gains over 15% on the daily timeframe before cooling.

    Amid broader weakness, Avalon Labs fueled optimism through the blockchain industry after releasing its highly anticipated whitepaper.

    The document highlights the firm’s mission for launching the world’s first AI-driven RWA marketplace, alongside an AI-MaaS (AI-Model-as-a-Service) platform, which merges blockchain with artificial intelligence.

    The new project will debut exclusively on BNB Chain, a move that could welcome lucrative opportunities for GPU owners and AI developers.

    The move heralds the next stage of RWA tokenisation’s evolution – powered by innovations beyond blockchain, including self-learning AI programs and intelligent.

    According to the announcement:

    This marketplace is open to all GPU hardware owners and AI model developers. Our first launch will feature a Reinforcement Learning Model (RL Model) deployed by Avalon abs in collaboration with our AI partner, powered by H200 GPU hardware as the foundation.

    Avalon Labs’ alt saw a sharp uptick following the whitepaper release.

    AVL soared from the daily low of $0.1436 to $0.1668 – a 16% increase.

    However, the digital token has retraced as hype fades and bearish broader sentiments.

    Meanwhile, Avalon Labs plans to create a platform that supports artificial intelligence innovation.

    The project aims to provide contributors and developers a fair environment to engage in the AI economy.

    Avalon to tokenise commercial rights

    Beyond the AI-driven marketplace, Avalon Labs also introduced the CRT (Commercial Rights Tokenization) standard.

    The concept introduces a new framework for tokenizing commercial rights linked to goods, services, and assets.

    CRT might transform how businesses connect with investors and raise capital.

    For instance, an enterprise can tokenize rights to future services or sales and offer them to customers via on-chain contracts.

    The mode bridged blockchain with traditional commerce to provide a new option for SMEs to access liquidity as investors gain exposure to RWA streams.

    The whitepaper highlighted:

    CRT isolates and tokenizes commercial rights of access and service. This enables commodities, services, and goods to be legally structured, accessed, exchanged, and monetized through blockchain infrastructure in a regulatory-compliant manner.

    Precisely, Avalon Labs is going beyond asset tokenization. It is tokenizing the rights that add value to those assets.

    AVL price outlook

    Avalon Labs’ native token decoupled from broader declines as the whitepaper sparked optimism.

    AVL soared roughly 16% from a daily low of $0.1436 to $0.1668 intraday peak.

    Its 24-hour trading volume surged 50% to signal trader enthusiasm.

    Nevertheless, it has cooled to $0.1570 as hype fades, possibly as bears rattled the overall cryptocurrency sector.

    Continued broader dups could see AVL erasing its latest gains before establishing a decisive trajectory.

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  • The Runes marketplace and launchpad Odin.fun will replicate Pump.Fun

    The Runes marketplace and launchpad Odin.fun will replicate Pump.Fun

    The Runes marketplace and launchpad Odin.fun will replicate Pump.Fun
    • fun is set to replicate Pump.fun on Bitcoin.
    • fun aims to offer a 20-second finality for Rune trades.
    • The platform will be decentralized with no central control.

    The highly anticipated Runes marketplace and launchpad dubbed Odin.fun is set to revolutionize the Bitcoin ecosystem by emulating the success of Solana’s Pump.fun.

    Developed by the team behind the Bitcoin ordinals marketplace Bioniq, Odin.fun aims to provide a seamless experience for Bitcoin users interested in Runes, a new token standard on the Bitcoin blockchain.

    Direct integration with Bitcoin Runes

    Odin.fun stands out by directly working with the existing Runes meta-protocol, ensuring there’s no need for additional upgrades or programmability. This approach not only simplifies the user experience but also maintains the integrity of the Bitcoin network.

    Users can engage in buying, selling, creating, and swapping Runes with transactions finalized in just 20 seconds, offering the speed of Solana with the robustness of Bitcoin.

    Moreover, all bonded tokens can be withdrawn directly back to a user’s Bitcoin wallet at any time, with plans to expand support to BRC-20 tokens in the near future.

    The platform’s commitment to decentralization is evident through its use of a threshold signing setup (TSS) for securing Bitcoin and Runes deposits, mirroring the strategies used by other decentralized systems.

    By employing multisig smart contract control, Odin.fun eliminates the need for centralized custodians or control, thus providing a trustless environment for users to trade and interact with Runes.

    Redefining Layer 2 on Bitcoin

    Bob Bodily, co-founder and CEO of Bioniq, describes Odin.fun not as a traditional Layer 2 solution but as an appchain or an L2 in the broader sense of building seamless Bitcoin products.

    This innovative perspective allows Odin.fun to offer functionalities akin to Layer 2 solutions without the complexities often associated with them on Bitcoin. The underlying technology stack, named Valhalla, operates invisibly, supporting all current and future features of Odin.fun.

    Odin.fun’s capabilities are further enhanced through its integration with BLIFE, a platform designed to enrich user experiences across various blockchain applications. This integration means that BLIFE users receive exclusive benefits on Odin.fun, can complete Odin-related quests on the BLIFE platform, and their achievements on Odin.fun contribute to their BLIFE reputation.

    This synergy promises to not only boost user engagement but also foster a more interconnected blockchain ecosystem.

    When is Odin.fun launching?

    Currently, Odin.fun is in an early access beta, requiring an invite code for participation. However, this exclusivity will soon end as the platform prepares for a public launch on Monday, February 3, 2025, making it accessible to everyone interested in exploring the potential of Bitcoin Runes.

    The launch is anticipated to democratize access to the burgeoning Runes market, potentially replicating the meme coin frenzy seen with Pump.fun on the Solana network.

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  • OKX Wallet announces Ordinals Marketplace for BRC-20 trading

    OKX Wallet announces Ordinals Marketplace for BRC-20 trading

    • The Ordinals Marketplace will offer features that include minting and trading of Bitcoin Ordinals
    • OKX Wallet to support Lightning Network and staking for Stacks (STX) and BRC-20 tokens
    • OKX to attend the Bitcoin Builders Conference in Miami

    OKX, one of the leading cryptocurrency exchanges and Web3 technology company, today announced the launch of Ordinals Marketplace on OKX Wallet, making it the first multichain wallet to support BRC-20 trading. The new Ordinals Marketplace allows users to mint and trade Bitcoin Ordinals and BRC-20 tokens.

    “OKX has always believed in the power of Bitcoin and we’re proud to be constantly at the forefront of bringing Bitcoin technologies to a wider market,” said Jason Lau, Chief Innovation Officer at OKX. He added:

    “Whether it’s Ordinals, BRC-20, or Lightning, we see the potential of these technologies as they expand the design space and deliver new use cases. OKX Wallet is the best way to explore the world of Bitcoin Ordinals and BRC-20 tokens, and we can’t wait to launch even more features for the community.”

    Mint and trade ordinal inscriptions and BRC-20 tokens

    The new Ordinals Marketplace includes the following features: a “now live” that will allow users to view and transfer Ordinals; an “available this week” feature enabling trading of BRC-20 tokens (users will be able to buy, sell, and list). 

    Also accessible will be a “coming soon” feature that allows for minting of Ordinal inscription NFTs and BRC-20 tokens and a “coming soon: Trade Ordinals (buy, sell, and list)

    In addition to the new Ordinals Marketplace, OKX has also announced additional support for Bitcoin. 

    This includes support for Lightning Network to enable cheaper and faster bitcoin transactions. There is also staking support for Bitcoin Layer-2 token Stacks (STX) and BRC-20 tokens, and OKX BTC Explorer for BRC-20. With the latter feature, users can now validate BRC-20 transactions in real-time

    In addition to the above announcements, the company also revealed its team will attend the Bitcoin Builders conference, the first-ever conference focused on Bitcoin’s Layer-2 ecosystem. The event is set for May 17 in Miami, where OKX’s Chief Innovation Officer Jason Lau will speak on a panel alongside other industry leaders.

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  • Magic Eden launches its Bitcoin NFT marketplace

    Magic Eden launches its Bitcoin NFT marketplace

    • Magic Eden has launched the first fully audited Bitcoin NFT marketplace.
    • The marletplace has integrated two non-custodial wallets to support seamless transactions.
    • Magic Eden now supports NFT marketplaces for Solana, Ethereum, Polygon and Bitcoin.

    Cross-chain NFT platform Magic Eden has added to the impetus around NFT Ordinals on Bitcoin by launching a fully audited Bitcoin NFT marketplace. The digital artifacts marketplace will feature everything from images and audio clips.

    Magic Eden’s move means traders within the ecosystem are set to benefit from being able to buy and sell Bitcoin-based inscriptions tied to satoshi – the smallest unit of measuring value for BTC.

    A new dimension to NFT universe

    In a press release published on Tuesday, Magic Eden noted the infrastructure supporting Bitcoin inscriptions is growing, even as the network counts over 400,000 such digital artifacts so far. 

    At the moment, the Bitcoin NFT marketplace has integrated two non-custodial wallets – Hiro and Xverse – with support for features such as listing, delisting and buying and selling. The marketplace already offers access to more than 70 collections.

    Commenting on the development, Magic Eden co-founder and CEO Jack Lu, noted:

    “Adding a Bitcoin marketplace is really exciting for our team, considering it is the grandfather of all blockchains and we are all passionate about blockchain. Bitcoin Ordinals bring a whole new dimension into the universe of NFTs.”

    Part of the early efforts aimed at accelerating adoption include Magic Eden’s partnership with 13 top collections, including Inscribed Pepes, Taproot Wizards and Bitcoin Bandits. Digital artfacts on the platform will be subject to top quality filtering, with collectors having access to details such as Ordinal rarity, name, inscription number, age and so forth.

    “On Bitcoin, all media that is uploaded onto the chain cannot be changed or removed,” Lu said in a statement. “This simplicity is embraced by many creators who want to create true collectibles that are inscribed onto the chain. We’re excited to bring our winning marketplace user experience we’ve developed over the last year and a half to Bitcoin.”

    Magic Eden’s release of a Bitcoin NFFT marketplace builds on the company’s solid foundation as a top provider of blockchain and Web3 solutions. While it remains the leading NFT marketplace for Solana, this latest move adds to recent expansions to Ethereum and Polygon.

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