2024

Bitcoin

Apple

<h4>Three Protocol aims to build decentralized versions of our favorite legacy Web2 apps. Their first app, <a href="https://www.altcoinbuzz.io/product-release/three-protocol-the-first-incubated-project-by-tectum/" rel="noopener noreferrer nofollow">Jobs3</a>, is a decentralized version of Fiverr. And as you might expect, it’s getting traction fast. But Jobs3 is not the only thing they have going on.</h4>
Let’s see what’s new with Three Protocol.
<h5>Newest Updates</h5>
<h6>3Pay Launch</h6>
First on the update front is 3Pay. 3Pay is Three Protocol’s payment gateway. One of the few areas where crypto has true product market fit is cross-border payments. Often with stablecoins. So naturally, 3Pay is taking advantage of what crypto can do and adding some cool features along with it.
For example, they will be using their native <a href="https://x.com/ThreeProtocol/status/1807020107270439057" rel="noopener noreferrer nofollow">$THREE token</a> as the basis for currency conversion. As much as we want to believe global adoption is right around the corner for stablecoins, they are still much less popular than payment methods like:
<ul>
 <li style="font-weight: 400;" aria-level="1">Shopify Pay</li>
 <li style="font-weight: 400;" aria-level="1">Paypal</li>
 <li style="font-weight: 400;" aria-level="1">Venmo</li>
 <li style="font-weight: 400;" aria-level="1">Wise</li>
 <li style="font-weight: 400;" aria-level="1">Apple Pay or Google Pay.</li>
</ul>
So the goal is to meet people where they are. Use crypto rails for things like faster confirmations and no chargebacks, which merchants love. But then $THREE is the conversion currency between the buyer, who may be paying in dollars, and the seller who is based in India and needs rupees. This is a super smart way to use blockchain effectively while getting people on board as they become more comfortable and aware of how the tech works.
<h6>More ZKP Tech</h6>
Three is adding more zero-knowledge-proof technology across its platform and ecosystem. As we’ve said in lots of other articles here, <a href="https://x.com/ThreeProtocol/status/1809960229427122443" rel="noopener noreferrer nofollow">zero-knowledge proofs</a> allow you to show that you know something without revealing what that information is. For example, in the old game Where’s Waldo?, you can show you know where he is because you have a picture of Waldo cut out from the drawing. It does not reveal where he is in the drawing. Yet it does show that you know where he is because you have him in your possession. ZKP plays a big role for Three because if you want decentralized versions of apps like Upwork, Uber, or eBay, then you need decentralized forms of ID, too. Decentralized ID is a big part of what Three wants to bring to the community.
Plus, I think we all agree that to get true global adoption, we will need some privacy on public blockchains. Having pseudonymous addresses is not enough if you know how to track wallets with a block explorer.
<h6>AI for RWA</h6>
Three Protocol is also using neural network AI technology. The goal here is to use AI to assist with RWA platforms and with e-commerce platforms too. E-commerce is a big part of the overall plan with <a href="https://www.threeprotocol.ai/roadmap" rel="noopener noreferrer nofollow">3Bay</a>, its decentralized eBay coming to market later this year. Here AI will assist with things like aligning reviews and product images and more sophisticated searches based on matching product features.
<blockquote class="twitter-tweet">
 Three Protocol Procurement Matching Neural Network AI Infrastructure.
 AI is taking Web3 by storm.
 Three Protocol is developing and using advanced AI technologies to create a more efficient, user-friendly, and scalable decentralised RWA eCommerce infrastructure. Central to this… <a href="https://t.co/K73T7MD6KQ" rel="noopener noreferrer nofollow">pic.twitter.com/K73T7MD6KQ</a>
 — Three Protocol ZKP (@ThreeProtocol) <a href="https://twitter.com/ThreeProtocol/status/1805957226852434071?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 26, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h5>New Partnerships</h5>
Three Protocol has been busy on the partnership front, too. First is their <a href="https://x.com/ThreeProtocol/status/1808500885745521096" rel="noopener noreferrer nofollow">partnership with Linq.ai</a>. Linq is a small to medium-sized business-focused AI platform. Together, customers will be able to use SAAS tools, get help in generating new marketing campaigns, and do things like basic marketing SWOT analysis that many smaller businesses skip over, but shouldn’t.
Then another AI-based partnership, Three is partnering with <a href="https://x.com/ThreeProtocol/status/1808914200330178691" rel="noopener noreferrer nofollow">Cluster Protocol</a> too. This partnership includes more access to decentralized AI models as well as Cluster listing its job openings on the Jobs3 platform.
<blockquote class="twitter-tweet">
 New Strategic Partnership!<a href="https://twitter.com/ClusterProtocol?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@ClusterProtocol</a> is a proof of compute protocol and open source community for decentralised AI models. By aiming to be the Github for everything.
 The partnership entails:
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7ea.png" alt="🟪" class="wp-smiley" style="height: 1em; max-height: 1em;"> Premium listings on Three Protocol’s marketplaces.
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7ea.png" alt="🟪" class="wp-smiley" style="height: 1em; max-height: 1em;"> Collaborating and… <a href="https://t.co/kdLtcqbtQx" rel="noopener noreferrer nofollow">pic.twitter.com/kdLtcqbtQx</a>
 — Three Protocol ZKP (@ThreeProtocol) <a href="https://twitter.com/ThreeProtocol/status/1808914200330178691?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 4, 2024</a>
</blockquote>
<h5><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>&nbsp;Conclusion</h5>
As you can see, Three Protocol is keeping busy. They know decentralized marketplaces can be challenging to build but the results are worth it to keep our data out of the hands of a very few big tech companies.&nbsp; The operational and tech advances of the 3Pay payment gateway and advanced zkp and AI technologies will make using Three’s marketplaces easier, faster, cheaper, and safer.
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<h6>Disclaimer</h6>
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by Three Protocol. Copyright Altcoin Buzz Pte Ltd.
The post <a href="https://www.altcoinbuzz.io/product-release/three-protocol-july-updates/" rel="noopener noreferrer nofollow">Three Protocol July Updates</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.

Three Protocol July Updates

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