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Zoth Raises $2.5M to Transform Finance with RWAs

Zoth: Bridging Liquidity Across TradFi and OnchainFi In an era where the integration of traditional finance (TradFi) and decentralized finance (DeFi) is paramount, Zoth emerges as a game-changer. The recent announcement of their $2.5 million funding round marks a significant milestone in their mission to provide sustainable yields backed by real-world assets (RWAs). This development sets the stage for a multichain stablecoin ecosystem that promises to deliver native sustainable yield to the DeFi landscape. Funding Round Highlights Lead Investor : Blockchain Founders Fund Participating Investors : Borderless Capital Mindfulness Capital YAP Capital Momentum6 Singularity DAO Aztlan Capital Outlier Ventures Decubate Wormhole Ecosystem Fund Notable angel investors from Huma Finance and Circle Zoth’s funding round is not just about capital; it includes a strategic partnership with the XDC Network blockchain, enhancing the efficiency and transparency of handling RWAs. T...

How Blockchain Technology Can Disrupt Google's Monopoly on AI Innovation

As an expert in the Ethereum and blockchain space, I can attest to the fact that monopolies are not only detrimental to innovation but also antithetical to the decentralized ethos that underpins our industry. The recent accusations against Google by the DOJ are not surprising, given the company's dominance in the search market. However, the implications of such a monopoly extend beyond the realm of traditional technology and into the world of artificial intelligence (AI). In this article, I will explore the potential impact of Google's monopoly on AI innovation and how blockchain technology can serve as a solution.

The Problem with Google's Monopoly

Google's dominance in the search market has allowed it to create exclusive deals with other companies, effectively locking out potential competitors. This has stifled innovation and left many smaller players struggling to compete. However, the negative impact of Google's monopoly extends beyond just search engines. The tech giant has also been accused of stifling innovation in the AI industry through its control of data.

AI relies heavily on data to train algorithms and improve performance. Google's monopoly on search data means that other companies are unable to access the same level of data, putting them at a severe disadvantage. This lack of access to data not only stifles innovation but also creates a barrier to entry for new players in the industry.

The Potential of Blockchain in AI

Blockchain technology has the potential to disrupt the current landscape of AI by providing a decentralized platform for data sharing. By using blockchain, companies can securely share data without the need for intermediaries, such as Google. This would level the playing field for smaller players and promote innovation in the industry.

In addition, blockchain technology can also provide a tamper-proof record of data, ensuring that it is not altered or manipulated. This is essential for AI as it relies heavily on accurate and reliable data to function effectively. By using blockchain, data can be stored securely and transparently, providing a level of trust and reliability that is currently lacking in the industry.

Conclusion

The recent accusations against Google by the DOJ highlight the dangers of monopolies in the tech industry. However, the impact of such monopolies extends beyond just search engines and into the world of AI. By using blockchain technology, we can create a more decentralized and innovative landscape for AI. As an expert in the Ethereum and blockchain space, I believe that the potential of blockchain in AI is vast, and we are only scratching the surface of what is possible. It is time for the industry to embrace this technology and create a more equitable and innovative future for all.

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