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In the end, there might still be only a handful of actors directly interfacing with DeFi primitives. However, when these actors are vaults rather than private entities, the landscape transforms. Instead of private market makers monopolizing LP profits on decentralized exchanges, vaults can assume the same role while distributing those
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Solana-based automation project Clockwork’s developers are moving on from the venture-backed startup after finding it had “limited commercial upside.” Source
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In just 22 years, generative AI may be able to fully automate half of all work activity conducted today, including tasks related to decision-making, management, and interfacing with stakeholders, according to a new report from McKinsey & Co.The prediction came from the management consulting firm report on June 14, forecasting
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As the blockchain industry continues to expand and evolve, using automation and bots in web3 has become increasingly advantageous. It’s becoming clear that using bots is fast becoming a requirement for anyone wanting to participate in web3 meaningfully. A no-code platform, Boto.io, is making it easier than ever for people to
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BMW, the luxury car manufacturer, has partnered with Coinweb, a decentralized blockchain layer 2-based company, to introduce blockchain-based tools to its operations. The company will develop blockchain-based automation for vehicle financing processes, and also a rewards program for customers of the automotive company adapted to compliance processes in Thailand. BMW to
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Few doubt the potential that DeFi has to redefine crucial aspects of finance for all. But, as it stands, using DeFi platforms and protocols is often time consuming and anything but easy.One of the biggest draws of DeFi are the yields users can earn on farming and staking protocols. However,
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Clockwork, which was formerly known as Cronos, aims to solve the automation dilemma, in which developers must choose between using decentralized apps (dapps), or apps that are automated. Nick Garfield, co-founder of Clockwork, told CryptoX that his company removes the need for a centralized cloud provider such as Amazon Web
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Smart contract automation network Gelato has become the latest to receive big backing from crypto venture capital giants.Gelato has raised $11 million in a Series A funding round led by Dragonfly Capital and with participation from ParaFi Capital, Nascent, IDEO CoLab Ventures and Aave founder Stani Kulechov.The funds were raised through
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“The market for arbitrary smart contract execution is much larger than the oracle market, probably, so it’s a natural move for Chainlink to try to move into this space,” he said. “At the end of the day, the better product should win, and they will also add to the growth
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PayPal Ventures, Coinbase Ventures and Winklevoss Capital invested an undisclosed amount in the firm. Source
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