[PRESS RELEASE – Ljubljana, Slovenia, April 29th, 2024]

The explosive rise of Artificial Intelligence has sparked the first stages of a new knowledge revolution, comparable historically with the invention of the printing press or the world wide web. Its sudden growth also pointed at some of the threats and shortfalls such as hallucinations, bias, mishandling of intellectual property rights and even potential AI model collapses. Both the opportunities and challenges of this knowledge revolution are showing the need for convergence between Crypto, Internet and AI in a Verifiable Internet for AI proposed by OriginTrail.

The Verifiable Internet for AI is effectively addressing AI’s shortfalls by decentralizing knowledge that AI systems use in their solutions. One of the pioneering implementations of the approach is Polkabot.AI – a Decentralized AI education hub on Polkadot which will see its full release in the coming months after receiving support from the Polkadot Treasury.

Spearheading the development of Polkabot.ai is Trace Alliance, a collaborative hub that builds partnerships for creating and leveraging trusted knowledge in the age of AI. The solution is bringing the vision of decentralized AI to reality as it revolutionizes how anyone can interact and learn about the Polkadot ecosystem whether they are a novice getting through the first steps or a seasoned user looking for the latest updates.

It achieves that by allowing a wider Polkadot ecosystem to get involved in creating a trusted knowledge base that Polkabot’s AI system will use to construct its responses. Unlike the solutions using solely generative AI, Polkabot is implementing a novel decentralized Retrieval Augmented Generation (dRAG) approach leveraging the OriginTrail Decentralized Knowledge Graph (DKG).

Instead of Polkabot solely relying on AI to produce a generated response, it uses AI to construct a response using trusted inputs from the DKG populated by the wider Polkadot community. This gives the solution information provenance, respect for data ownership and gives the user a chance to verify each source and its issuer used in the final response. The trusted knowledge Polkabot’s AI systems access will be continuously expanded through community curation and knowledge publishing process called knowledge mining.

The Polkabot.ai initiative received backing through an OpenGov treasury proposal, which was approved on April 23, 2024. As an AI-powered educational platform that tailors learning to each user, PolkaBot.AI represents a significant leap forward in how we interact with Polkadot’s diverse content – whether within the ecosystem or in outward communications – enabling users to access trusted knowledge and get precise responses online.

About OriginTrails

OriginTrail is an ecosystem building Verifiable Internet for AI, aiming to combat misinformation worsened by AI adoption. It ensures the trustworthiness of information by allowing its origins to be tracked verifiably, promoting discoverability and integrity of knowledge for reliable AI. OriginTrail has applications in real-world assets (RWAs), search engines, question-answering systems, and generally knowledge-dependent applications (such as AI systems).

Initially adopted in global supply chains to provide a trusted data sharing hub, OriginTrail now also supports the creation of a trusted AI knowledge ecosystem. It enhances the discoverability of crucial knowledge and verifies information provenance, crucial in the age of misinformation. OriginTrail’s technology is increasingly vital across various sectors, including asset tokenization, construction, healthcare, and the metaverse, due to its ability to authenticate and secure information.

Supported by world-class organizations like the British Standards Institution, SCAN, Polkadot, and Walmart, among others, OriginTrail is enhancing its trusted knowledge network. These partnerships extend its impact across multiple industries, emphasizing its role in advancing a verifiable knowledge web and supporting the economy of RWAs.

Stay updated with the latest developments by following PolkaBotAI on X.

TL;DR

• The legal spat between Ripple and the SEC has progressed to trial, with analysts predicting a win for the company due to previous positive court developments.
• Some expect an XRP bull run if the firm emerges victorious, though a final resolution may be delayed in the following years.

An Eventful Week

After firing shots at each other for over three years, the legal battle between Ripple and the United States Securities and Exchange Commission (SEC) finally entered its trial phase.

Recall that the lawsuit’s start was in December 2020 when the watchdog accused the company of illegally raising more than $1.3 billion in an unregistered securities offering. Ripple opposed the claims, arguing that its native token should not be classified as such investment, thus not falling under the jurisdiction of the agency.

The trial is surrounded by multiple developments and obligations that both parties must meet. A few days ago, Magistrate Judge Sarah Netburn entered a new scheduling order requiring the SEC to file its response on the motion for remedies and entry of final judgment. The Commission is supposed to do that today (April 29), whereas Ripple was granted three business days thereafter to reply.

Numerous industry participants viewed the involvement of Judge Netburn as a positive sign for a decisive Ripple victory due to her relatively favorable stance toward XRP. Three years ago, she opined that the company’s native cryptocurrency has a utility that “distinguishes it from Bitcoin and Ether.”

Possible Impact on XRP

The price of XRP reacted positively to each of the three partial court wins secured by Ripple throughout 2023, with multiple analysts envisioning a real bull run if the company emerges victorious after the trial. Those willing to learn more about the lawsuit and its connection to XRP’s future price movements, please check our dedicated video below:

It is important to note that the start of the trial does not necessarily mean that a final settlement is just around the corner. 

[PRESS RELEASE – Medellin, Colombia, April 29th, 2024]

Stooges, a community-driven memecoin on Solana, announced the upcoming presale for $STOG coins starting on May 10 on Pinksale. BitMart Exchange, a top-20 CEX, has already confirmed the coin’s upcoming listing, which should occur before its launch. Following the announcement, the Stooges’ team noticed a huge surge of interest from the cryptocurrency community, as evidenced by the thousands of users on X, and Telegram waiting for the pre-sale.

Stooges is a new memecoin project on the Solana blockchain and draws inspiration from the 3 legendary TV characters, “The Three Stooges.” However, the project takes aim at notorious figures in today’s crypto world, satirically putting Sam Bankman-Fried (former CEO of FTX) and Changpeng Zhao (former CEO of Binance) as Assets Manager and Legal Officer, respectively. This parodical approach is an evident dig at the two executives – Zhao, who is investigated for not complying with anti-money laundering policies, and Bankman-Fried, who was sentenced to 25 years in prison for the securities fraud conspiracy that bankrupted FTX and a related hedge fund.

The STOG coin has no utility. It is led by a “useless team” and is on a mission to mock the crypto business industry while making “the meme culture great again.” The team invites memecoin enthusiasts to buy, sell, and share the community-centered memecoin. $STOG will have a total supply of 3.000.000.000 coins distributed as follows:

• 45% Presale
• 25% Liquidity
• 15% Marketing
• 10% CEX Listing
• 5% Airdrop

Before the presale for STOG on Pinksale, Stooges underwent a contract audit from SolidProof, one of the industry’s top auditors. The audit report confirms the project’s reliability while providing a comprehensive security analysis. Following the coin’s presale, the project will lock 60% of the provided liquidity for 1 year.

Additionally, the project announced an $STOG airdrop awarding 5% of STOG’s supply to its community, specifically to “those who complete and contribute the most to the project and the meme culture.”

The STOG airdrop engages users and memecoin lovers in a competition that will reward the 200 people most actively spreading the word about the project. Contestants must follow Stooges on social media and create memes in image, video, or audio formats focusing on the Stooges. The competition will end on June 20, when the winners will receive STOG coins directly into their wallets.

About Stooges

Stooges launched in Q2 of 2024 and has already completed several of its first roadmap objectives, such as creating the website, deploying and auditing the STOG token, and launching its marketing campaign.

The upcoming $STOG listing on BitMart and token presale are essential milestones in the project’s development, which aims to increase its brand awareness. Moreover, the airdrop competition should help attract a broader community of memecoin collectors and crypto enthusiasts.

The Stooges team has more plans for the future, including further CEX listings, an exclusive NFT collection, and launching on the Raydium platform.

Users can learn more about Stooges at these links: Website | X (Twitter) | Telegram | Instagram