Cardano ADA News: AGIX NUNET Overview!
Summary
TLDRThe video discusses the potential of AGX, a Cardano native asset, as one of the top performers in the market. The speaker emphasizes the importance of decentralized physical infrastructure for the future of cryptocurrency and highlights the role of New Net in creating a global decentralized computing network. The video also touches on the challenges of a fragmented market dominated by major players like AWS and the need for a more democratic and inclusive approach to AI and blockchain technology. The speaker expresses optimism about the future of AGX and encourages viewers to stay informed about the developments in the Cardano ecosystem.
Takeaways
- 🎥 The speaker is discussing the AGX series and its potential as one of the best performing Cardano native assets.
- 📈 AGX has seen significant growth, reaching all-time highs and increasing substantially from its all-time lows.
- 🤖 The focus of the discussion is on New Net, a global economy of decentralized computing, and its importance in the next Bull Run.
- 🌐 New Net aims to create a decentralized computing network that allows anyone to share and monetize their spare computing resources.
- 💡 The platform seeks to address the issue of the concentration of computing power in services like AWS, which can be vulnerable to government regulations.
- 🔄 New Net's business model revolves around offering optimized decentralized global computing power and storage for distributed computing.
- 🌐 The platform has an economic layer, Nextomics, which incentivizes providers to offer cost-efficient computing processes and high-quality data for AI algorithms.
- 🚀 New Net's roadmap includes architecture updates, public Alpha, and main net launches scheduled for 2024 and 2025.
- 📊 The speaker predicts a challenging period post the current Bull Run due to potential increased regulations towards crypto.
- 💌 The speaker encourages supporting small stake pool operators like Onecom and Patreon subscribers for a decentralized Cardano ecosystem.
Q & A
What is the main focus of the video?
-The main focus of the video is to discuss AGX, a series of products on Cardano, and its potential as one of the best performing native assets on the Cardano platform. The video also highlights the importance of decentralized physical infrastructure in the context of cryptocurrency and the role of New Net in this space.
What is the significance of AGX reaching all-time highs?
-The significance of AGX reaching all-time highs is that it indicates strong market performance and interest in the asset. It also suggests that early adopters who invested in AGX are experiencing significant returns on their investment, which can be an encouraging sign for potential investors.
What was the mistake made in the previous video about RU.Bio?
-The mistake made in the previous video about RU.Bio was the incorrect statement that they did not have a token. The correct information is that RU.Bio does have a token called the RSV token, which can be purchased on their website and on various DII ecosystems.
What is New Net and its role in the decentralized economy?
-New Net is a global economy of decentralized computing. It aims to build a decentralized computing network on a global scale, allowing anyone to share and monetize their spare computing resources. This contributes to the decentralization of cryptocurrency by reducing reliance on centralized cloud services like AWS, which can be vulnerable to government regulations and restrictions.
How does New Net benefit the Singularity Net platform and ecosystem?
-New Net benefits the Singularity Net platform and ecosystem by providing a vast reservoir of untapped computing potential from private computers, smartphones, and other devices. This allows Singularity Net developers to propose their services and use New Net for serverless deployment, thus contributing to the creation of a truly decentralized technology infrastructure stack.
What is the economic model of New Net?
-The economic model of New Net is based on an economic layer that sits on top of the technical application of the platform. It encourages competition among computing resource providers, AI service providers, and data providers to offer cost-efficient, reliable computing processes and high-quality data for AI algorithms. This model is designed to sustain the development and operation of a decentralized ecosystem.
What is the significance of the token NTX in New Net's ecosystem?
-NTX is the utility token of New Net's ecosystem. It plays a crucial role in rewarding individuals who contribute their computing resources to the network. Users can either monetize their resources via smart contracts and blockchain-powered micropayments using NTX or donate them to people and organizations in need.
What are some challenges faced by the cryptocurrency market according to the video?
-According to the video, one of the main challenges faced by the cryptocurrency market is the potential for government regulations to restrict or prohibit the use of cloud services like AWS for hosting crypto-related operations. This could significantly impact the computing power available to the crypto market and hinder its growth.
What is the roadmap for New Net's development?
-The roadmap for New Net's development includes architecture updates, refactoring, and the introduction of public Alpha solutions in Q2, followed by the public Alpha main net launch in Q2 to Q3. Further plans include the launch of decentralized SPO computing and public beta main net in 2025.
How can viewers support the Cardano ecosystem?
-Viewers can support the Cardano ecosystem by delegating to small stake pool operators like Onecom. This helps to keep the network decentralized and provides passive income for delegators, with 0% fees until the end of June for all existing and new delegators.
What is the speaker's prediction for the post-bull run market?
-The speaker predicts that after the bull run, there will be a period of bleak market conditions lasting for about three years. This is due to anticipated increased regulations and government actions against cryptocurrencies, especially if the current administration, which is described as hostile towards crypto, remains in power.
Outlines
📈 Cardano Native Asset Performance and Future Predictions
The speaker begins by discussing the performance of a Cardano native asset, highlighting its growth and potential to outperform other assets during the bull run. They mention that the asset reached all-time highs 12 days prior and has increased significantly from its lowest points. The speaker expresses strong belief in the asset's future success, alongside other projects like SNCK and World Mobile. The focus then shifts to the importance of decentralized physical infrastructure for the overall growth of the crypto ecosystem, emphasizing the need to move away from centralized cloud services like AWS, which could be vulnerable to government regulations. The introduction of a new net, a decentralized computing network, is presented as a solution to this issue, aiming to allow individuals to share and monetize their computing resources globally. The speaker also touches on the collaboration between new net and Singularity Net, which aims to provide both hardware and software for efficient AI development while maintaining decentralization.
🌐 Building a Decentralized Computing Framework for Global Economy
This paragraph delves deeper into the concept of a decentralized computing framework, emphasizing its significance in creating a truly decentralized technology infrastructure stack. The speaker explains how the open-source nature of Net allows it to implement various technological solutions from domains like AI, general computing, cryptography, and blockchain. The goal is to offer decentralized and optimized computing power and storage, making computing platforms more distributed. The economic layer of Net is discussed, which is crucial for sustaining a decentralized ecosystem where computing resource providers, AI service providers, and data providers can compete to offer the best services and data. The speaker also mentions the token associated with Net, which can be purchased on Cardano D5 platforms, and provides a link to the website for further information. The paragraph concludes with a warning about the potential for increased regulations after the bull run and encourages viewers to support small stake pool operators on Cardano to maintain decentralization.
🚀 Vision of a Decentralized Artificial General Intelligence
The speaker concludes the video by painting a vision of a decentralized artificial general intelligence that serves societal needs. They describe a future where algorithms and data flow freely and securely across devices, IoT nodes, networks, and clouds, with owners deciding how their resources are used. The concept of a global brain network is introduced, which would be the foundation for the next wave of technological progress. The speaker encourages viewers to join the Net community and be part of the movement towards a more democratic, inclusive, and collaborative intelligent network. The video ends with a call to action for viewers to support the speaker's stake pool and a thank you to Patreon subscribers for their support.
Mindmap
Keywords
💡Cardano
💡AGX
💡Decentralized Computing
💡SingularityNET
💡New Net (NUN)
💡Token
💡Bull Run
💡Decentralized Data Sets
💡Serverless Deployment
💡Crypto Regulation
💡Staking
Highlights
The speaker is discussing the potential of AGX, a Cardano native asset, as one of the best performing assets on the Cardano platform.
AGX has shown significant growth, reaching all-time highs and increasing substantially from its all-time lows.
The speaker emphasizes the importance of decentralized physical infrastructure for the future of cryptocurrency and its resilience against potential regulatory challenges.
New Net (NUNet) is introduced as a decentralized compute layer crucial for creating a truly decentralized technology infrastructure stack.
NUNet aims to tap into the latent computing power of unused devices globally, potentially exceeding the world's fastest supercomputers.
The platform enables the sharing, using, and monetizing of computing resources in a decentralized manner, which is vital for the Singularity Net platform and ecosystem.
NUNet's business model revolves around offering optimized decentralized global computing power and storage for distributed computing.
The technical and business layers of NUNet, along with its open-source nature, allow for the implementation of various technological solutions from AI, general computing, cryptography, and blockchain domains.
NUNet's economic layer is essential for sustaining the development and operation of a decentralized ecosystem, where resource providers and AI service providers compete to offer the best services.
NUNet's token, NTX, can be purchased on Cardano D5 platforms, and it plays a role in rewarding individuals for their contributions to the decentralized computing framework.
The speaker predicts a challenging period after the current bull run, with increased regulations that could impact the cryptocurrency market.
NUNet's roadmap for 2024 includes technical architecture updates, public Alpha, and main net launches, showcasing the project's progress and development timeline.
The video discusses the convergence of artificial intelligence, IoT, and blockchain technology as a driver for the next wave of technological progress.
NUNet's decentralized architecture enables complex computation and AI workflows, forming a global brain network that serves society's needs.
The speaker encourages viewers to support small stake pool operators on Cardano to maintain decentralization and receive passive income.
The speaker gives a shout out to Patreon subscribers and emphasizes the importance of staking and supporting the Cardano ecosystem.
Transcripts
if I die today I'mma go and get some
money if I die to day I'mma go and get
some money if I die day if
I cold flows for a cold mind see a new
world but I'm so blind kick rocks when
your time's up better
[Music]
start good morning cardano Army it's
your boy booming coming at you with yet
another video I got my card I got my
cardano I got my coffee not load it
ready to go guys let's get this show
started we are continuing on with our
um agx series here uh we're going to go
through each of the products that
agx um has so I think AG is going to be
the one of the best
performing uh cardano Native assets on
cardano I truly do believe that along
with snck World mobile to
and other things but as of right now AG
is the highest fastest growing one I
think this is going to take over the
bull run so looking at the price here
nothing too crazy guys about 2.7% up
um and yeah you know it reached alltime
highs about 12 days ago and it's up
almost 14,000 from all-time lows so all
the early adopters are doing really
really good with this right now I could
tell you that much so uh yeah guys um
enough of the price let's go ahead and
move on to what we're talking about
today
so today we're going to be covering net
last week we talked about uh ru. a ru.
bio sorry ru. bio and I made a mistake
in that video they do have a token it's
the RSV
token okay so I believe you can purchase
that token um on this website here I
believe you can purchase it on any uh
dii ecosystem as well so just keep that
in mind but today we're talking about
new
net a global economy of decentralized
computing so another thing that we're
going to have to look out for the next
Bull Run is decentralized physical
infrastructure guys okay decentralized
physical infrastructure or dpen is going
to be extremely extremely important for
the
decentralization of crypto as a whole
because right now when we look at crypto
a lot of the crypto is run on
AWS and while AWS is pretty you know
lenient in what they um and what cloud
solutions they offer a government could
just come down and say it's illegal AWS
you cannot host crypto on your on your
cloud services anymore and that will do
some major damage to crypto across the
board will it kill crypto
no but a lot of the computing power is
based on AWS so we're going to need some
form of way to decentralize this
computing power and decentralize some of
these Cloud Solutions so this is new net
here building a decentralized Computing
Network on a global scale this network
will will let anyone share and monetize
their space their spare Computing
resources the compute platform will
provide globally distributed and
optimized Computing resources for
decentralized networks including
Singularity net platform Marketplace and
ecosystem
a huge reservoir of computing potential
remains untapped the latent opportunity
residing in private computers
smartphones and other devices while when
not in active use add up to computing
power that can far exceed the world's
current fastest supercomputer similarly
the massive potential for crowd sourcing
the creation for curation of
decentralized data sets remain
unrealized nunet is the decentralized
compute layer for the creation of a
truly decentralized technology
infrastructure stack creating an equal
and open compute resources which is
vital to building a decentralized AI
blockchain software and a decentralized
global
brand net is on a mission to tie the
world's Computing resources data
Ingenuity through a powerful API of
groups of apis aims to introduce these
resources to the sing Li net ecosystem
first and it includes AI calls to new
net to run a network of decentralized
Hardware Singularity net developers
Community will be able to propose their
services and use new net for serverless
deployment or deploy Services
themselves new net and Singularity net
together provide both hardware and
software to build efficient AI while
keeping the services decentralized so
that's pretty cool
guys the business model offering
optimized decentralized Global computing
power and storage for distributed
computing new Net's physical uh
Computing infrastructure has a technical
and business layer above it distributed
computing and data Frameworks like
Singularity
net and daia below it Net's open source
nature lets it Implement several
existing uh technological solutions
offered by AI general computing
cryptography blockchain and other
domains the end goal is to create
infrastructure to offer decentralized
and optimized computing power and
storage that makes Computing platforms
processed d
distributed new next toomics is a
economic layer on top of the technical
application of the platform this
economic layer is important to sustain
the development and operation of a
decentralized
ecosystem Computing resource providers
will compete to offer cost-efficient
reliable Computing processes requested
by AI Services AI service providers will
complete will compete to provide precise
effic efficient algorithms for AI
engines and data providers will compete
to ensure the best quality and most
reliable data supported to the AI
algorithms so this is pretty cool guys
here is the website here so uh it's
building a decentralized Computing
framework that combines latent computer
powder of independently owned Compu
devices across the globe into a dynamic
ecosystem of compute resources
individually rewarded via toonomic
ecosystem uh based on the utility token
ntx so they do have a token guys um I
believe you could buy this token on any
cardano
um any cardano D5 platform as well uh so
yeah that's pretty
cool so um let's see fragmented Market
controlled by a few big players like I
was talking about a lot of the lot of
the computing power is is is powered by
AWS right now
and while AWS is really good again guys
like that's
not you know it's not good for
decentralization you know all it takes
is one government with a stick up its
rare end like our government like our
current Administration that we have
right now which is awful and horrible
and hostile towards crypto I can't
believe anybody voted for these people
that's a conversation for a different
day um they could get a real stick up
there but but and they will guys I
guarantee you after this bull run when
people get
wrecked regulations are going to come
down and they're going to come hard and
it's going to be Bleak it's going to be
Bleak for a while
there okay things are going to be Bleak
after this next Bull Run for a good
three years I'm just letting you guys
know that right now depending on who's
in office if we have the same if we have
the same um
um Administration in office it's going
to be a little bit worse if if we get
another Administration in office it's
still going to be bad but they could
probably be reason with so we have a
road map here guys for
2024 as we can see here we got a lot of
technical gobbley G here uh DM's
architecture update refactoring public
Alpha Solutions into quarter
2 um we got uh public Alpha main net
here quarter 2 to quarter three so
that's going to be pretty
cool decentralized SPO Computing and
then public beta main net in
2025 all right guys so you can join net
now uh they have open jobs
available uh so let's take a look at
this short video here as artificial
intelligence iot and blockchain
Technology converge to deliver the next
wave of technological progress
Innovation is held
back we're on our way to great things
but the vast amounts of computing
resources data and algorithms that could
help us get there lie scattered and
unused isolated enclosed silos What If
instead of wasting these precious assets
we as a Cooperative Global Society
harness their full
potential imagine a vast
interoperability Network where anybody
is allowed to share use and monetize
their storage and Computing resources
think of what solutions could be
achieved by putting all code data
Hardware devices and machine
intelligence to work on solving the
problems that affect
us scale that up to a Global Network and
there you have it new net new Net's
decentralized architecture will enable
the fluid self-organization of complex
computation and AI workflows This Global
brain network will be the foundation for
a decentralized artificial general
intelligence which will be used to serve
society's
needs algorithms and data will flow
freely and securely across all devices
iot nodes networks and clouds and their
owners will decide how and where they'll
be
used users can either monetize those
resources via Smart contracts and
blockchain powered micro payments or
they can donate them to the people and
organizations who most need them by
empowering those who can build tomaro's
Democratic inclusive and collaborative
intelligent Networks net will be the
Catalyst for the next wave of
technological progress join
us sh to net there guys and yeah that's
that's pretty much it so we're going to
go ahead and continue with this uh this
series here I kind of like it
and uh yeah we're going to break down uh
everything about this native asset I
think again you know I I could be uh
picking the wrong horse here but I truly
do think that uh ajx is going to
seriously um melt faces I truly do
believe that so I want to cover my bases
now I I I don't want anybody to be like
oh you didn't tell me this booming you
missed a boat on this one no I didn't no
I didn't so all right guys shout out to
onec tier SYM 1 cm you guys know the
drill keep cartano decentralized the
only way we're going to do that is if we
support small Stak pool operators so
please please please consider delegating
to onecom guys tick one cm they produce
blocks each in every Epoch so you know
you're going to get that that sweet
sweet passive income 0% fees till lease
the end of June 202 for all existing and
new delegators delegate the one come
now all right guys I'm AI take care I'll
talk to you soon with the VJ and cardano
updates stay frosty bye I'd like to give
a shout out to our wonderful patreon
subscribers Katherine B all c k f de
Maryland for crypto and V doy keep
stacking staking and chilling guys and
I'll talk to you guys so
[Music]
goodbye
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