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.

Outlines

00:00

📈 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.

05:01

🌐 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.

10:02

🚀 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.

Keywords

💡Cardano

Cardano is a decentralized, open-source blockchain platform that aims to provide a more secure and scalable infrastructure for the development and execution of smart contracts and decentralized applications (dApps). In the video, the speaker mentions Cardano as the platform on which AGX, a native asset, is built and is expected to perform well.

💡AGX

AGX refers to a specific asset native to the Cardano blockchain. It is associated with SingularityNET, a decentralized platform for AI services. The speaker believes AGX will be a high performer and mentions its growth and potential during a 'bull run' in the market.

💡Decentralized Computing

Decentralized computing is a model of computing where the processing power and data storage are distributed across multiple nodes or computers, rather than being concentrated in a single, central data center. This approach enhances security, resilience, and accessibility. In the video, the speaker discusses the importance of decentralized physical infrastructure for the future of cryptocurrency and AI.

💡SingularityNET

SingularityNET is a decentralized marketplace for AI services, allowing anyone to create, share, and monetize AI algorithms. It aims to democratize access to AI technology and foster a collaborative ecosystem. In the context of the video, SingularityNET is mentioned as a platform that will benefit from the decentralized computing resources provided by the New Net network.

💡New Net (NUN)

New Net, or NUN, is a decentralized computing network that aims to create a global economy of decentralized computing. It allows individuals to share and monetize their spare computing resources, contributing to a more distributed and resilient infrastructure for AI and blockchain technologies. The speaker highlights New Net's role in the future of decentralized technology.

💡Token

In the context of blockchain and cryptocurrencies, a token represents a digital asset that can be bought, sold, or exchanged on the blockchain. Tokens can represent various forms of value or utility within a blockchain ecosystem. The speaker mentions RSV and NTX tokens, which are associated with specific projects on the Cardano blockchain.

💡Bull Run

A bull run in financial markets, including the cryptocurrency space, refers to a period of time when prices are continuously rising, and the market sentiment is optimistic. The speaker uses this term to predict a positive future performance of AGX and other assets.

💡Decentralized Data Sets

Decentralized data sets are collections of data that are not controlled by a single entity but are instead distributed across a network. This approach enhances data security, privacy, and resilience against manipulation or censorship. The speaker discusses the potential for decentralized data sets in the context of AI and blockchain technologies.

💡Serverless Deployment

Serverless deployment is a cloud computing execution model where the cloud provider dynamically manages the allocation and provisioning of servers. With this model, developers can deploy applications without having to explicitly provision or manage servers. In the video, the speaker mentions that SingularityNET developers can use New Net for serverless deployment of their services.

💡Crypto Regulation

Crypto regulation refers to the legal framework and rules that govern the use, offer, and sale of cryptocurrency and related activities. The speaker predicts that after a bull run in the market, stricter regulations will be implemented, which could impact the cryptocurrency space.

💡Staking

Staking is the process of participating in the proof-of-stake (PoS) consensus mechanism of a cryptocurrency by locking up a certain amount of the cryptocurrency in a wallet to support the network's operations, such as validating transactions. Stakers typically earn rewards for their contributions to the network. In the video, the speaker encourages viewers to delegate to a specific staking pool to support Cardano's decentralization.

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