#support

Today, key aspects of the summit's agenda were revealed, giving priority to risk management and support strategies. Leaders from major countries, top tech organizations, academic circles, and civic groups will converge at the event to discuss expedient actions in the cutting-edge arena of AI development. The UK's representatives are of the opinion that fostering AI investment could significantly benefit society and economic productivity, but only if done within a regulatory framework. “Without appropriate guardrails, this technology also poses significant risks in ways that do not respect national boundaries. The need to address these risks, including at an international level, is increasingly urgent.“

After the announcement that MakerDAO intends to roll out a new version of its platform on Solana, Anatoly Yakovenko suggested this shouldn't be viewed as a challenge to Ethereum. In his perspective, MakerDAO's move accentuates the merits of open-source solutions rather than the superiority of one blockchain over another, especially given Ethereum's pivotal role in research for numerous developers. "Ethereum is awesome. Solana wasn’t built in a vacuum, and tons and tons of things that make Solana special were built based on Ethereum’s r&d," commented the Solana co-founder. Meanwhile, Ethereum co-founder Vitalik Buterin has sold all his MKR tokens for 353 ETH.

Polygon Labs has launched its Chain Development Kit (CDK), a software tool designed to help developers create Ethereum Layer 2 chains powered by zero-knowledge proofs. The toolkit will support an "Interop Layer," a new protocol that aggregates zero-knowledge proofs from multiple Polygon chains and secures them on the Ethereum mainnet. This move aligns with Polygon's shift towards creating more interconnected chains, similar to ecosystems like Cosmos and Polkadot.

Xterio, the gaming Web3 platform, has revealed its decision to create an independent ecosystem following OpenSea's refusal to charge author royalties on NFT resales. This new initiative will support content creators through the launch of an NFT marketplace, exclusive tokens, a rewarding mechanism, and diverse affiliate programs. Xterio's officials have said that the launch of this marketplace is imminent, expected within the following weeks.

Currently, Mantle DAO is evaluating a proposal that would prohibit the conversion of BIT tokens held by FTX Group into the new MNT token. Previously, Alameda Research, a branch of the FTX Group, swapped 3.4 million FTT tokens for a staggering 100 million BIT tokens, which equated to around $43 million. Yet FTX's descent into bankruptcy prompted DAO members to introduce this proposal. MNT is a token that was launched as Mantle's L2 mainnet went live. The blockchain was established by the Bybit exchange, which initiated the merge of BIT (BitDAO) and MNT tokens. Controversies aside, there's robust support for this proposal within the Mantle enclave, spotlighting the overarching investor community's interests.

X, previously known as Twitter, has successfully obtained the Rhode Island Currency Transmitter License, enabling it to offer cryptocurrency payments and trading services in the U.S. This acquisition, confirmed on August 28 via NMLS data, aligns with X's ambition to be a "cryptocurrency-friendly" platform. Earlier, X had integrated features like Bitcoin tipping and NFT profile picture support. With this license, users might soon be able to send, receive, and store crypto directly on X, further mainstreaming cryptocurrency use.

The community of Terra Luna Classic has dismissed the USTC Repeg team's request for funding. Voting outcomes showed 45% in support, 43% objecting with veto power, and 11% rejected it outright. Even though 11 of the 17 validators were in support, the proposal failed to gain traction with the general public. The request was for 285 million LUNC ($20,000) to refine an instrument for the USTC Incremental Repeg Buybacks & Staking Swaps algorithm.

The issuer of USDT has resolved to end support for Kusama, Bitcoin Cash SLP, and Omni Layer. This move follows an in-depth analysis of the functionality, safety, and stability of these particular blockchains. Notably, Omni Layer, Tether's first transport layer since its inception in 2014, was instrumental during its early days. However, it has witnessed a decline in popularity due to rising competitive solutions. Though minting of USDT on the aforesaid platforms will be terminated, the redemption process will stay in place for a duration extending at least a year.