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Upgradeable & Clonable Smart Contracts: Proxies and Factories 1. Clonable Contracts: Reduce costs with unique clones from one logic. 2. Upgradeable Contracts: Add features without disrupting functionality. 3. Transparent Upgradeable Proxy: Secure, straightforward proxy with admin oversight. 4. UUPS Proxy: Cost-efficient upgrades, no admin checks required. 5. Beacon Proxy: Deploy lightweight clones with uniform logic. Don't forget to save this post for later and follow https://lnkd.in/g74aBBWb for more such information. Join us on X : https://lnkd.in/grVBpZ7k

Sentient Labs, a blockchain based AI startup secures $85 million seed funding. Founded by Polygon Labs co-founder Sandeep Nailwal, along with academics Himanshu Tyagi and Pramod Vishwanath in Jan'24. What makes them unique? 1️⃣ Sentient Labs aims to decentralize AI and provide transparency and fairness by building it on Polygon, a layer 2 blockchain on Ethereum. 2️⃣ It plans to incentivize engineers who contribute to data classification and optimization. This initiative could significantly impact the AI industry by offering an alternative to centralized models provided by tech giants. They plan to use the funding to launch their test network within the next two months to showcase their concept of integrating AI with digital currencies. **Quick Question: Can Sentient Labs' decentralized AI model compete with those from major tech giants?**

ERC-5169 Explained 1. Introduction to ERC-5169 Discover ERC-5169, a proposed Ethereum standard aimed at enhancing NFTs with greater functionality, interoperability, and security. 2. Importance of ERC-5169 Understand the significance of ERC-5169 in the rapidly growing NFT market, addressing current limitations and unlocking new possibilities. 3. Key Features of ERC-5169 Learn about ERC-5169’s standout features: enhanced interoperability, improved security, and increased functionality. 4. Understanding ERC-5169 Explore how ERC-5169 extends existing NFT standards, adding new capabilities while ensuring compatibility with current systems. 5. How ERC-5169 Differs from Other NFT Standards See what sets ERC-5169 apart from other NFT standards like ERC-721 and ERC-1155, focusing on comprehensive improvements. 6. Potential Uses of ERC-5169 Discover potential applications of ERC-5169 in gaming, digital art, supply chain management, and more. 7. Benefits of ERC-5169 Highlight the key benefits of ERC-5169: smoother blockchain interactions, enhanced security, and richer NFT functionality. 8. Conclusion: The Future of Digital Assets with ERC-5169 Look ahead at how ERC-5169 could shape the future of digital assets, revolutionizing the use and interaction of NFTs within the blockchain ecosystem. Don't forget to save this post for later and follow https://lnkd.in/g74aBBWb for more such information. Join us on X : https://lnkd.in/grVBpZ7k

🚨 DeFi Security Alert: LI. FI Exploited, $11M Lost in Attack 🚨 On July 16, 2024, the DeFi platform LI. FI suffered a major security breach, resulting in the loss of $11 million. The exploit targeted a vulnerability in the smart contract, allowing unauthorized withdrawals. Key Details: • Incident Overview: The attacker manipulated LI. FI’s swap functionality to execute the transferFrom function, initially causing an $8 million loss, later revised to $11 million. • Historical Context: A similar exploit occurred in 2022, with a $600,000 loss, indicating a recurring vulnerability. • Security Measures & Response: LI. FI has disabled the affected contract facet and urged users to avoid interactions with the platform until further notice. The team is collaborating with law enforcement to trace the stolen funds. • Expert Analysis: Security firm Decurity identified the root cause as an arbitrary call with user-controlled data in the depositToGasZipERC20() function. • Industry Impact: This incident underscores the rising trend of DeFi hacks, with $473 million reported lost in the first half of 2024, highlighting the critical need for robust security measures. Don't forget to save this post for later and follow https://lnkd.in/g74aBBWb for more such information. Join us on X : https://lnkd.in/grVBpZ7k

Hey People, how's it going? There's been a lot of buzz in the startup industry lately, and we recently came across some interesting funding news that we thought we'd share with you. Despite the ongoing turmoil in the crypto market, many startups have still managed to secure funding. Here are some notable examples: 1️⃣ Sword & Dungeons, a GameFi 2.0 MMORPG raised $5M. 2️⃣ PixelVerse, web3 gaming platform raised 2M. 3️⃣ Partior, a standard chartered-backed blockchain firm raised 60M. 4️⃣ Pac Finance, a lending protocol on Blast, raised $1M

Blockchain News 1. Guernsey Post to Launch Crypto Stamps 2. Goldman Sachs Unveils Tokenization Products 3. TON Ecosystem to Support EVM 4. Grass AI Project Ends Final Epoch 5. Coinbase Launches Unified Wallet App Don't forget to save this post for later and follow https://lnkd.in/g74aBBWb for more such information. Join us on X : https://lnkd.in/grVBpZ7k

UK Startups and Scaleups Raise £7.4 Billion in Venture Capital - 2024 UK startups and scaleups have raised a remarkable £7.4 billion in venture capital funding so far this year, representing a significant 16% increase compared to the same period in 2023. These companies have attracted nearly a third of all European VC funding, which currently sits at £23 billion. Below is the list of top 5 UK investment rounds in Q2 2024: Wayve – £861 million Abound – £400 million Highview Power – £300 million Monzo Bank – £149 million char.gy – £100 million

US Supreme Court has limited SEC's authority over Crypto and Web3!! ⭕ The Court emphasized that regulatory agencies like the SEC cannot unilaterally decide the fate of Web3 technologies. ⭕Instead, Congress must now draft and pass legislation addressing the unique challenges and opportunities of these emerging technologies. US crypto firms are thrilled by this decision. The SEC had previously enforced stringent regulations on many companies, such as Ripple Labs and Binance. This ruling brings hope for the industry, which has often struggled under heavy regulatory scrutiny.

Unlocking Blockchain Scalability with ZK Solutions on Ethereum and Solana! ZK Rollups on Ethereum are a Layer 2 solution that offloads computation off-chain and uses zk-SNARK proofs for transaction validity. This method significantly increases throughput while maintaining high security and decentralization. ZK Compression on Solana is a Layer 1 solution focusing on data storage efficiency. It stores only the compressed data’s "fingerprint" on-chain and ensures data integrity with zero-knowledge proofs. Key Differences: - Execution: ZK Rollups operate on an ancillary chain off the Ethereum mainnet, whereas ZK Compression works directly on Solana’s Layer 1 chain. - Data Handling: ZK Rollups submit cryptographic proofs and minimal summary data to Ethereum, while ZK Compression stores the compressed data’s “fingerprint” on Solana. - Privacy: ZK Rollups use zk-SNARK proofs to ensure transaction validity without revealing detailed data, whereas ZK Compression combines data compression with ZK-proofs to ensure data integrity. Don't forget to save this post for later and follow https://lnkd.in/g74aBBWb for more such information. Join us on X : https://lnkd.in/grVBpZ7k