Cardano ADA News: AGIX NUNET Overview!

Summary

The 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.