Bitcoin

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peaq

<p><em>Welcome to our weekly newsletter, where we cover the most prominent blockchain news and research of the week shared by Venture Capital. Here are the Top 5 written pieces. Enjoy!</em></p><p><em>*You can locate all of the mentioned articles by visiting our home page at <a href="https://www.thevcwhisperer.io/" rel="noopener noreferrer nofollow">https://www.thevcwhisperer.io/.</a></em></p><h2 id="header-0">Ethereum&#39;s Dencun Upgrade: Road to Scalability</h2><p><strong>a16z crypto</strong> covers Ethereum’s &#34;Dencun&#34; upgrade, incorporating nine proposed changes, with the most anticipated being EIP-4844, also known as &#34;protodanksharding.&#34; This upgrade introduced the concept of &#34;blobs,&#34; providing temporary storage space for rollup data, thereby reducing Ethereum&#39;s dependence on permanent data storage. By expiring after 18 days, blobs contribute to scalability by limiting excessive data accumulation. &#34;Rollups are the buses that group people, helping alleviate traffic. EIP-4844 basically adds a &#34;dedicated bus lane&#34; to Ethereum, making the network more efficient. The Dencun upgrade also paves the way for additional &#34;bus lanes&#34; to be added in future.&#34;</p><p>The upgrade significantly reduced transaction costs, making operations on platforms like Optimism substantially cheaper. The introduction of transient storage to the Ethereum virtual machine also enables smart contracts to store data only for the duration of a transaction, expanding development possibilities while optimizing gas usage. Looking ahead, upgrades like PeerDAS aim to enhance Ethereum&#39;s scalability further, marking a crucial phase in Ethereum&#39;s evolution toward a more efficient and scalable network.</p><p>Read the full article by a16z crypto <a href="https://a16zcrypto.com/posts/article/understanding-dencun-upgrade-protodanksharding-surge-merge/" rel="noopener noreferrer nofollow">here</a>.</p><h2 id="header-1">Rise of AI Narratives in the Digital Assets Industry</h2><p><strong>HODL</strong> analyses narratives that play a crucial role in shaping perceptions and driving adoption in the ever-evolving landscape of digital assets. One such narrative gaining momentum is Artificial Intelligence (AI), which has increasingly influenced investor sentiment and market trends. The emergence of AI protocols, propelled by advancements like ChatGPT, has sparked significant interest and investment, particularly in sectors like decentralized finance (DeFi) and Real World Assets (RWA). AI&#39;s potential to enhance productivity and efficiency is recognized across industries, leading to collaborations between AI and blockchain technologies.</p><p>Projects like Bittensor are democratizing AI by leveraging blockchain to decentralize access, while others aim to increase efficiency through decentralized autonomous organizations (DAOs) and portfolio management. With the global AI market projected to soar to $738.76B by 2030 and the AI &amp; Big Data cryptocurrency market showing significant growth potential, the future of AI within the digital assets sector looks promising. As the industry evolves, collaborative development and the network effect are expected to drive innovation, potentially leading to the emergence of dominant decentralized AI networks. While the competition to create powerful AI continues, the decentralized environment offers a fertile ground for collaborative growth and innovation, positioning AI as a crucial aspect of the digital economy&#39;s future.</p><p><img src="https://gaia.hiro.so/hub/1DKpGsyq1CDtZTCes3SWe3Qo9f49Go6odm/photos/6mQi_UC3_CSLr8_XzvwGJ/VYJ__UDbfdBTWECN5geCn-Gaining%20popularity%20of%20AI%20protocols%20by%20HODL_Shared%20by%20The%20VC%20Whisperer.jpg" /></p><h3 id="image-the-gaining-popularity-of-ai-protocols-source-a-href-https-www-hodl-nl-en-news-what-is-artificial-intelligence-in-crypto-rel-noopener-noreferrer-nofollow-hodl-a">Image: The Gaining Popularity of AI Protocols. Source: <a href="https://www.hodl.nl/en/news/what-is-artificial-intelligence-in-crypto/" rel="noopener noreferrer nofollow">HODL</a>.</h3><h2 id="header-2">Bitcoin Halvings: Past Trends and Future Implications</h2><p>As the countdown to the next Bitcoin Halving approaches, <strong>Faculty Group</strong> reflects on the historical patterns of the previous three halvings and reveals their profound impact on the crypto markets. These halvings, occurring roughly every four years, mark significant milestones in Bitcoin&#39;s journey, with each subsequent event reducing the mining rewards by half. Past halvings have initiated distinct phases in the market, from pre-halving rallies to post-halving parabolic upsides, albeit with some deviations from the norm.</p><p>Notably, the upcoming halving in April 2024 is witnessing an unprecedented surge in Bitcoin&#39;s price before the event, a phenomenon attributed to the growing institutional demand, particularly from Bitcoin Spot ETFs. This institutional interest, coupled with dwindling Bitcoin supplies on exchanges, suggests a potential supply shock post-halving, leading to further price appreciation. Thus, while historical comparisons provide valuable insights, the unique dynamics of this halving highlight a departure from traditional trends, shaping a new narrative for Bitcoin&#39;s future trajectory in the digital assets industry.</p><p><img src="https://gaia.hiro.so/hub/1DKpGsyq1CDtZTCes3SWe3Qo9f49Go6odm/photos/6mQi_UC3_CSLr8_XzvwGJ/ZNoiEHtbhjZBWD-wRuzqJ-The%20four%20year%20crypto%20cycles%20by%20Faculty%20Group_Shared%20by%20The%20VC%20Whisperer.jpg" /></p><h3 id="image-the-four-year-cycles-source-a-href-https-www-theperiphery-io-why-the-next-bitcoin-halving-will-be-different-rel-noopener-noreferrer-nofollow-faculty-group-a">Image: The Four-Year Cycles. Source: <a href="https://www.theperiphery.io/why-the-next-bitcoin-halving-will-be-different/" rel="noopener noreferrer nofollow">Faculty Group</a>.</h3><h2 id="header-3">Bitcoin&#39;s Evolution: Layers, Innovation, and Institutional Adoption</h2><p><strong>Spartan Group</strong> documents &#34;Bitcoin Layers: Tapestry of a Trustless Financial Era,&#34; providing an in-depth analysis of the current state and future prospects of the Bitcoin ecosystem. The report highlights the growing excitement within the Bitcoin community, drawing parallels with Ethereum&#39;s vibrant ecosystem in 2017. It explores the potential of Bitcoin to surpass Ethereum&#39;s market dominance and revolutionize trust in the financial system through its core L1 technology. Spartan Group delves into the market opportunities presented by Bitcoin L2 solutions, projecting different scenarios for market cap growth based on Ethereum&#39;s L2 market.</p><p>The cultural impact of Ordinals in the short term emphasizes Bitcoin&#39;s emergence as a leading NFT platform despite lacking smart contract capabilities. Mid-term breakthroughs in Bitcoin L2 technologies, such as Stacks&#39; Nakamoto Release and sBTC, promise to revolutionize DeFi applications. Additionally, the long-term vision for Bitcoin, foreseeing institutional adoption fueled by the approval of a Bitcoin Spot ETF and integrating Bitcoin into traditional finance, is highly influential amid a bull run. Overall, the VC underscores Bitcoin&#39;s evolving role as a foundational technology for decentralized finance, poised to reshape the future of finance as a cornerstone of a new, trustless financial paradigm.</p><p><img src="https://gaia.hiro.so/hub/1DKpGsyq1CDtZTCes3SWe3Qo9f49Go6odm/photos/6mQi_UC3_CSLr8_XzvwGJ/Nq08IN-30UKPe12KwmK-t-Bitcoin%20ecosystem%20by%20Spartan%20Group_Shared%20by%20The%20VC%20Whisperer.jpg" /></p><h3 id="image-bitcoin-ecosystem-source-a-href-https-medium-com-the-spartan-group-towards-a-trustless-financial-system-on-bitcoin-4-of-4-975d8a3c319f-rel-noopener-noreferrer-nofollow-the-spartan-group-a">Image: Bitcoin Ecosystem. Source: <a href="https://medium.com/the-spartan-group/towards-a-trustless-financial-system-on-bitcoin-4-of-4-975d8a3c319f" rel="noopener noreferrer nofollow">The Spartan Group</a>.</h3><h2 id="header-4">DePIN Adoption: The Shift in Real-World Infrastructure Paradigms</h2><p>The DePIN Base Camp accelerator program, the <strong>Outlier Ventures</strong> collaboration between DePIN and peaq, is set to launch in May 2024, offering selected teams up to $200K investment over a 12-week period. DePIN, or Decentralized Physical Infrastructure Networks, leverages tokens to crowdsource real-world infrastructure, expanding beyond digital resources into areas like Telecom and Technology. With a focus on supporting global founders, the program will provide virtual workshops, mentoring sessions, and culminate in a virtual Demo Day. Outlier Ventures&#39; Chief Product Officer, Benjamin Meyer, highlights DePIN&#39;s potential to reshape real-world industries.</p><p>The accelerator aims to empower startups to provide Web3 alternatives to centralized incumbents, with support from experts in various segments, including data networks, decentralized digital infrastructure, and AI-enabled UX. Additionally, peaq&#39;s co-founder, Max Thake, emphasizes the significance of DePINs in Web3 and the potential for positive real-world impact. The program, accepting applications until April 2024, offers a unique opportunity for startups to access funding, mentorship, and visibility within the Web3 investor community. The evolution of DePINs and its impact across multiple sectors includes the shift towards data extraction and service networks. The thesis highlights critical drivers, such as cost reduction, usability improvements, and growing concerns about privacy and security, contributing to the increased adoption of DePINs.</p><p>Read the full article by Outlier Ventures <a href="https://outlierventures.io/article/outlier-ventures-collaborates-with-peaq-to-launch-the-depin-base-camp-accelerator-introducing-our-depin-thesis/" rel="noopener noreferrer nofollow">here</a>.</p><h2 id="header-5"><strong>About The VC Whisperer</strong></h2><p>The VC Whisperer is an essential news medium and research platform for anyone looking to stay up-to-date on the latest crypto-affiliated developments in the Blockchain and TradFi VC worlds. The unique features and user-friendly UI make The VC Whisperer a crucial tool for investors, projects, and Venture Capital striving to stay ahead of the curve in an increasingly complex and rapidly evolving market. 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The VC Whisperer | Weekly Newsletter, March 4.0 Edition (2024)

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