Nintendo

There has been an insane amount of hype surrounding AI over the past few months. Supposedly, Teslas are going to entirely drive themselves in a year or two, AI will be smarter than humans next year, and an army of a billion AI-powered robots will replace human workers by 2040, and that is just the AI promises made by Elon Musk so far this year. The entire AI industry is awash with predictions and promises like this, and it feels like AI development is on an unstoppable exponential trajectory we humans simply can’t stop. However, that is far from the truth. You see, AI is starting to hit a development ceiling of diminishing returns, rendering these extravagant promises utterly hollow. Let me explain.

We all know the four basic operations of arithmetic: addition, subtraction, multiplication, and division. In school, we were all forced to trivially add and subtract numbers again and again, keep track of remainders, etc. until it was printed in our brains how these operations work.

Bitcoin is about to shock the world, and it will be sooner than you think. This market will test your conviction, unlike anything you have ever experienced before. The only question is if you will have the patience and willpower to survive the Bitcoin market until that happens.

As Oraichain ventures further into 2024, our commitment to fostering a dynamic, innovative ecosystem has never been stronger. Oraichain thrives on the collective ingenuity and independent spirit of builders who see the future of blockchain and AI as we do. Our strategy is not just to support but to actively catalyze the development and advisory of projects that choose to build with us. This year, we’re setting our sights even higher, with an extensive program designed to attract new talent and projects to the network, enhance outreach to developers, and streamline the integration process for those ready to embark on their Oraichain journey.

As the (northern hemisphere) nights have drawn in and soma.fm’s Christmas Lounge finds its rightful place on my household radio, we once again find ourselves at the time of the year where I write my annual diary entry on behalf of Polkadot. With Covid now largely consigned to the collective memory of a generation, we see a global return to normalcy and resurgence of (in-person) events with it. Conflict and AI present some of the most prominent themes of the news cycle this year with some of the more inquisitive wondering how, along with blockchain, the world might be changed with them. This year it is also a special anniversary for me; as I write this, exactly 10 years ago I wrote the first lines of crypto-economic code in my life. So, what did 2023 bring?

In a strategic announcement towards solving blockchain’s trilemma, OKX’s new zero-knowledge based Layer 2 (L2), X1, has been successfully integrated into zkLink’s Layer 3 (L3) solution, Nexus.

Ethereum Improvement Proposal 5169 (ERC-5169) is a new standard that introduces the concept of executable scripts within Ethereum tokens. This development allows tokens to carry their own logic and behavior, transforming them from static digital assets into dynamic entities. More details about this EIP can be found on the official Ethereum GitHub.

We are excited to announce that Perennial has been granted 750,000 ARB to distribute as incentives over the next 3 months. Traders & makers will be able to earn rewards in various ways throughout the protocol. We’re able to provide these incentives due to the support of the Arbitrum community on our STIP vote.