Bitfinity and Beyond: AI, Oracles, and Unconventional Undertakings
Uncover the final frontier of Bitfinity's extensive ecosystem, where AI, decentralized oracles, and niche applications converge on Bitcoin's blockchain.
We come to our conclusive article that finishes our three-piece on our extensive Bitfinity ecosystem with over 60 partners. In our first article, we highlighted some of our partners that want to transform Bitcoin into 'THE' DeFi chain and (in a broader sense), bring Ethereum's programmability to Bitcoin.
Fred
In our second piece, we took a look at the virtual machine space deploying itself on Bitcoin and some colleague projects that also make use of the revolutionary technology of the Internet Computer and use it to magnify the extended capabilities of Bitcoin as well.
Hans
Well, today it's time for our concluding article, where we discuss our final partners that aim to perfect new trends such as artificial intelligence, betting and decentralized oracles and much more niche applications... Let's go to Bitfinity and Beyond!
Bitfinity & AI 🫶
Perhaps the most important narrative right now is the artificial one, and with the way Bitcoin is programmed, you could say it is simply impossible to alter its authentic state and it's close to impossible for any individual or group to alter any recorded information that is broadcasted on it.
How does this relate to one and other? Well, the foundational layer of Bitcoin could make it the ideal layer for running permissionless AI. This has been recognized throughout the industry, and our ecosystem wouldn't be complete without some of our partners who have this in the back of their mind and want to launch their innovative AI products.
Fred
Moonberg 🤝
Moonberg is an AI platform that provides users with decision-making tools and an ability to process real-time data. Think of it as a fusion of Bloomberg Terminal and ChatGPT, which is now designed specifically for the volatile crypto markets. It lets you research, trade, and analyze every data point of this vast 'niche'.
The platform analyzes on-chain data and social media to gather information quickly, which is a way where users don't just need to be in the loop or don't need to be glued to the market.
FrogPay AI 🤝
FrogPay is an AI-powered crypto payment system aimed at creating the world's first chargeback system in Web3. As we know currently the blockchain does not allow one to cancel or ask for chargebacks because the transaction can’t be reversed. But with FrogPay two different users can transact in a peer-to-peer manner based on a security model of a centralized system.
In case of a dispute that could call for chargebacks, it employs Jury Dispute Management (JDM) where anonymous voters known as jurors and dispute analysts come to settle it and in return earn FRGP token (the platform's native token).
Lumoz 🤝
Lumoz is a protocol that serves as a computing layer for ZK-Rollups and AI applications. Central to its architecture are two key components: zkVerifier and zkProver.
The zkVerifier is designed to verify zero-knowledge proofs for ZK-Rollups and AI across multiple blockchains. On the other hand, the zkProver, which has yet to be deployed on the Lumoz Chain, is aimed at providing computational power for ZK and AI applications on different chains.
AITECH 🤝
AITech is a computation network built by Solidus to provide organizations engaged in complex AI projects with the high-performance computing power they require.
To fulfill this mission, it has constructed an eco-friendly high-performance computing data center spanning 8,000 sqft in Bucharest, Europe, and plans to establish additional data centers across the globe in the near future.
With this it provides three key services; The first one is a GPU Marketplace where users can access high-performance GPUs for any task, from smooth cloud gaming to complex AI projects.
The second one is an AI Marketplace where users can access AI tools to automate their day-to-day business and personal activities. And third to the list is a launchpad which acts as a gateway for projects that wish to become potential clients of the services offered on the AI & GPU Marketplaces.
Oooo Money 🤝
Oooo Money is a multichain interoperability protocol built for the Bitcoin ecosystem. It is designed to address some fundamental challenges in the blockchain ecosystem such as chain isolation and liquidity fragmentation.
To do this Oooo Money is built on a modular design with flexible protocol architecture for cross-chain interoperability and integrates an AI feature (AI Omninet) for AI-powered on-chain interactions.
As one of its many achievements so far, it has introduced a new feature that supports direct Bitcoin deposits to Layer2 solutions and wants to provide a cross-chain solution.
Fred
Bitfinity & Oracles 🫶
We also have a few oracles in our extensive ecosystem, these include:
APRO Oracle 🤝
APRO Oracle is a decentralized oracle network specifically designed for the Bitcoin ecosystem to offer a range of cross-chain support and asset coverage. It operates on a multi-node architecture currently run with nine nodes distributed globally.
Its functionality is based on a two-tier oracle network. The first tier, known as the OCMP (Off Chain Message Protocol) network is the oracle network itself and consists of various nodes. The second tier is called the Eigenlayer network, which serves as a backstop meaning it only steps in when arguments arise between customers and the OCMP aggregator.
Orally 🤝
Orally is an on-chain oracle and automation platform built on the Internet Computer. The platform has six main products; Sybil, Pythia, Apollo, Hephaestus, Hermes, and Cassandra.
Sybil is the decentralized data fetcher that bridges the gap between real-world data and blockchain. It provides price data feeds for various assets to dApps. Pythia on the other hand acts as an on-chain automation tool. It can automate transactions on various chains by pulling data from Sybil or by generating random numbers.
Apollo is built to facilitate request-based data delivery, where EVM contracts can request specific data, processed and delivered from Sybil. Hephaestus allows for complex data preprocessing, while Hermes facilitates cross-chain communication and finally Cassandra is used for decentralized authentication for dApps to Gmail, Twitter, etc.
Bitfinity & The Rest 🫶
Then we come to our concluding group, that are not of the same feather but still stick together, as partners of Bitfinity.
Feature 🤝
Feature is an escrow platform that allows Web3 open-source projects on GitHub to attract more external contributors to their projects by rewarding them with cryptocurrencies. The platform presents project owners with an opportunity to create a deal through their application which is then run by a bot.
Check out this guide to learn more on how to create deals on Feature.
MinePro 🤝
MinePro is a tokenized Bitcoin mining protocol on the Internet Computer. The protocol has a partnership with private enterprise energy provider Logic Mining which provides it with cost-effective power at $0.02 per kWh which is low compared to the global average of 0.14 per kWh. This way profits for Bitcoin mining are highly maximized.
The project provides public investors access to Bitcoin mining through $MINE, a tokenized product that allows any capital size holder to earn rewards by staking it.
SQD Network 🤝
SQD Network is a decentralized Web 3 data lake.
A decentralized data lake is a distributed system that stores and organizes large amounts of raw data in its native format until it's needed- SQD Network.
SQD Network pulls in data such as transactions, logs, traces, and transaction state diffs from over 150+ networks. This way anyone can access the data at minimal fees and use it for various purposes such as powering blockchain explorers, analytics platforms, multi-chain aggregators, and more.
betBTC 🤝
betBTC is a prediction market for the Bitcoin ecosystem. It allows users to put their speculations to the test using BTC. To participate you sign up to the platform and then connect your Bitcoin wallet. betBTC takes your BTC and converts it or bridges it to ICP and gets you ckBTC which you use for placing bets and can be redeemed back to BTC.
Hans
With this, you can now participate in the list of markets in the platform ranging from Bitcoin’s future price movements, industry trends, politics, sports, and more. The platform also aims to introduce a feature to allow users to make their own markets in the coming days.
Bitname 🤝
Bitname is a name service provider based on Bitcoin Stamps. It aims to offer a Bitcoin name service characterized by immutability, security, and scalability.
To achieve this it has developed SRC-101 in collaboration with the SRC20 team at Bitcoin Stamps.
Bitcoin Stamps 🤝
mikeinspace
Bitcoin Stamp is a protocol designed for the storage of images on the Bitcoin blockchain, using transaction outputs. This involves converting an image's binary data into a base64 string and then adding this string to a transaction prefixed with 'Stamp'.
The transaction is then broadcast to the Bitcoin ledger by an address holding the SRC-20 token initially only possible via the Counterparty protocol but as of block 796,000, the current specification encodes SRC-20 transactions directly onto Bitcoin. This way users can store SVG, PNG, and GIF on the immutable Bitcoin blockchain.
Its creator Mike minted the first STAMP in March 2023 and since then, there have been over 80,000 stamps created, according to Stamp Chain, the protocol’s explorer.
O3 Layer 🤝
Miktat Mert Cento
O3 Layer, a modular Layer 3 on Bitcoin developed to enhance scalability, speed, and security.
To achieve this it distributes its tasks across three networks; Arbitrum for the execution and settlement of transactions, LayerEdge for verification of transaction authenticity, and Avail for data availability.
The protocol also powers Octopus Bridge, a cross-chain bridge that connects all chains to the Bitcoin ecosystem. This way a broader audience can tap into the capabilities of this Layer 3.
WatchX 🤝
WatchX is the network behind the first blockchain smartwatch and Web3 applications built on the Solana network.
Its smartwatch has a built-in payment network which turns it into a convenient payment tool where users can access financial services that combine both crypto and traditional options.
The network also serves as an open ecosystem platform that provides developers and partners with the necessary tools to develop decentralized applications tailored to various industries like sports, health, and personal insurance.
WatchXnetwork
Conclusion
The Bitfinity ecosystem continues to expand and evolve with a diverse range of partners venturing into cutting-edge territories. As highlighted in this final article of our three-part series, we have explored several key areas:
🫶 Bitfinity & AI: Projects like Moonberg, FrogPay AI, Lumoz, AITECH, and Oooo Money are harnessing the power of artificial intelligence all within the Bitcoin ecosystem.
🫶 Bitfinity & Oracles: APRO Oracle and Orally are providing decentralized oracle solutions specifically designed for the this ecosystem.
🫶 Bitfinity & The Rest: A variety of innovative projects such as Feature, MinePro, SQD Network, betBTC, Bitname, Bitcoin Stamps, O3 Layer, and WatchX are contributing to the Bitfinity ecosystem in unique ways, from incentivizing open-source development and enabling decentralized data storage, prediction markets, name services, image storage on the Bitcoin blockchain, Layer 3 scalability solutions, and blockchain-powered smartwatch applications.
Let's celebrate the achievements of our partners and look forward to the exciting developments that lie ahead as we continue our journey to Bitfinity and Beyond! 🚀
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