Blockchain

Cartesi and Avail Announce Strategic Integration to Advance Web3 Development

New York, New York, July 2nd, 2024, Chainwire

Cartesi, a modular execution layer protocol that equips developers with access to a full Linux environment, and Avail, a modular blockchain framework designed to unify web3 and optimize data availability (DA) for scalable and customizable applications, are pleased to announce a close collaboration set to significantly advance web3 development.

This integration will offer a seamless and intuitive experience for developers by leveraging Cartesi’s RISC-V Linux-based execution capabilities and Avail’s reliable data availability solution, Avail DA. The user-friendly approach will simplify the complexities of decentralized application development, enabling faster and more efficient project deployment.

The modular stack allows both protocols to combine their unique properties, resulting in a robust protocol that is more powerful compared to monolithic stacks where all functionalities are integrated. In this sense, the Cartesi-Avail integration will enable developers to benefit from the increased computational power and flexible programming environment of the Cartesi stack, while also utilizing the enhanced data availability capabilities of Avail DA.

“By combining Cartesi’s cutting-edge RISC-V Linux-based execution with Avail DA, we are setting a new standard in the ease and efficiency of protocol development. This partnership empowers developers to overcome traditional barriers, accelerating innovation and the deployment of next-generation decentralized applications. We are thrilled to enable this leap forward in web3 development,” said Anurag Arjun, Co-Founder of Avail.

The collaboration between Cartesi and Avail marks a significant milestone in the web3 space. A dedicated data availability layer ensures critical transaction data remains available and verifiable while significantly reducing the costs associated with on-chain data availability. This makes dApps more affordable and accessible, while reliable data availability is crucial for the execution layer to perform transactions and execute contracts seamlessly. 

“The Cartesi-Avail integration brings into reality a powerful infrastructure for new possibilities and use cases in web3. This is exciting for us and a breath of fresh air for the industry,” said Erick de Moura, Co-Founder of Cartesi.

This partnership is expected to drive the creation of a more robust and versatile ecosystem, particularly benefiting gaming and DeFi verticals, empowering developers to experiment and innovate without being hindered by the limitations of current infrastructure.

Cartesi equips developers with access to a full Linux environment through its native virtual machine, and high-performance rollups designed to support next-generation dApps. By bridging the gap between traditional software and blockchain, Cartesi enables developers to create more sophisticated and scalable dApps with ease. Avail DA offers secure data availability guarantees for entire networks of blockchains, enabling them to scale efficiently and in an unlimited capacity. Using validity proofs with data availability sampling provides robust security and enhanced scalability for blockchain applications. 

About Cartesi: 

Cartesi is a powerful modular blockchain protocol that supercharges the web3 space. Cartesi equips developers with access to a full Linux environment through its native virtual machine, and high-performance rollups designed to support next-generation dApps. To learn more about Cartesi, users can visit https://cartesi.io/

About Avail:

Avail is led by Polygon’s former co-founder Anurag Arjun and is building a unification layer to solve rollup fragmentation at scale. Avail addresses this from first principles solving blockchain scalability with Avail DA, a foundational DA layer which implements the same technology planned for Ethereum’s danksharding roadmap, including KZG Commitments and Data Availability Sampling (DAS). Avail Nexus addresses growing fragmentation concerns with permissionless interoperability, leveraging proof aggregation on Avail’s scalable DA layer. Avail’s security is then reinforced with multi-asset staking through Avail Fusion.

availproject.org

Users can learn more about Avail on Discord, Twitter, GitHub, Our Blog

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Balancing AI Hype and Hope: Industry Leaders Unveil Growth Playbook at AI Apex Asia Capital Connect Forum

2024-09-27T15:37:40Z

Singapore, Sept. 27, 2024 (GLOBE NEWSWIRE) -- The AI Apex Asia Capital Connect Forum recently concluded, offering critical insights into navigating the fine line between AI hype and genuine opportunities. With global AI investments projected to reach $200 billion by 2025, industry leaders convened to discuss strategies for sustainable growth and realistic expectations in this rapidly evolving sector.

The forum featured two pivotal panel discussions: "Accelerating AI Growth: Founders and Investors Reveal Their Playbook" and "Decoding AI: From Hype to Hope," bringing together a diverse group of experts to share their perspectives on balancing optimism with pragmatism in AI development and investment.

Separating Hype from Hope: The Rise of Agentic AI

Alex Ren, Founding Partner of Fellows Fund, highlighted a paradigm shift that moves beyond the hype of generative AI: "We're witnessing a transition from generative AI to what we call 'Agentic AI.' This technology enables autonomous decision-making and task execution, opening up incredible opportunities for startups to create transformative enterprise solutions."

Alex further elaborated on the concept of 'vertical AGI' as a more realistic and immediately impactful approach: "We're pursuing companies achieving AGI-like capabilities in specific domains such as customer support, search, marketing, or accounting. That's where we see the next wave of innovation, rather than chasing the hype of universal AGI."

Grounding AI in Practical Implementation

Jianfeng Lu, Founder & Chairman of Wiz.AI, emphasized the importance of focusing on real-world applications over grandiose claims: "The first priority should be the user scenario and customer use case. What kind of data can we accumulate to build effective AI models?"

This sentiment was echoed by Shou Dong, CEO of ADVANCE.AI, who stated, "As an AI-powered fintech, we view large language models as tools to enhance efficiency and reduce costs. We're exploring applications in customer service, collections, and even telemarketing, always with a focus on measurable improvements in performance and efficiency."

Realistic Investment Strategies in an Evolving Landscape

Matthew Ma, Managing Director of Gaorong Capital, addressed the changing requirements for AI startup founders in light of more tempered market expectations: "Today's founders need to be well-rounded - they must understand technology deeply, have strong business acumen, and possess excellent fundraising capabilities. The days of securing funding based on hype alone are behind us."

Matthew also noted a shift towards more grounded valuation metrics: "For deep tech companies, valuations are now driven by the rarity of talent and technology rather than hype. Investors are looking for clear paths to commercialization and sustainable business models."


Balancing Innovation with Regulation

Helena Ma, Advisor at Milken Institute & AI Apex Foundation, highlighted the importance of regulatory frameworks in creating a sustainable AI ecosystem: "Stringent regulatory frameworks can foster a more mature and secure AI ecosystem." This perspective underscores the need for responsible AI development that can withstand scrutiny and deliver long-term value.

Identifying Real Opportunities in Emerging Markets

Shou Dong pointed out untapped potential that goes beyond the hype in Southeast Asia: "There's still enormous opportunity in sectors like SME financing. With over 60 million small businesses across Indonesia and the Philippines alone, there's a massive market for AI-driven financial services tailored to this underserved segment."

A Roadmap for AI's Future

Weiru Chen, Professor of Strategy at CEIBS, outlined three key milestones for AI's future that balance ambition with achievability:

1. Enhancing human productivity

2. Catalyzing new, high-growth business lines

3. Generating unprecedented value through disruptive innovations

Leo Jiang, Founder of AI Business Asia, emphasized the importance of grounding AI development in tangible outcomes: "The key takeaway for founders is to address clear market needs with demonstrable potential for unicorn-level growth, regardless of whether you're leveraging AI, blockchain, or any other technology. It's about solving real problems, not chasing buzzwords."

As the AI landscape continues to evolve, the AI Apex Asia Capital Connect Forum serves as a crucial platform for innovators, investors, and industry leaders to exchange ideas and shape a future where AI lives up to its promise without falling victim to unrealistic hype. By focusing on practical applications, long-term value creation, and ethical considerations, stakeholders can better position themselves to capitalize on the AI revolution while navigating its complex challenges and opportunities.

About AI Apex Asia

AI Apex Asia is a leading artificial intelligence community dedicated to advancing AI technologies and applications across Asian markets. With a focus on innovation, regional expertise, and responsible AI development, AI Apex Asia is committed to driving the adoption of AI solutions that address unique challenges and opportunities in diverse Asian industries.


CONTACT: Joy Li, Partnership Manager, AI Apex Foundation Ltd 
[email protected]

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