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AI Arena is a PVP fighting game that incorporates artificial intelligence, allowing players to evolve game characters through AI learning. The game has two modes: Research Competition and Gaming Competition. In the Research Competition, researchers train AI models to battle, while in the Gaming Competition, players develop training strategies to enhance the performance of their NFT characters. AI Arena is not only a game but also an AI model training platform, aiming to allow more users to experience AI. The game's native token $N is used to incentivize players and researchers and as the foundation of the in-game economy. AI Arena is developed by ArenaX Labs, a company that has completed a seed round of funding and launched two AI platforms: ARC and SAI, aiming to change the gaming industry through AI. The token $N is planned for TGE in May, with an airdrop event.

Gate Research Daily Report: On August 28, over the past 24 hours, Bitcoin's price dropped by 5.85%, accompanied by a surge in trading volume. The U.S. Bitcoin and Ethereum spot ETFs saw net outflows of $127 million and $34.5 million, respectively, reflecting a pessimistic market sentiment. Altcoins broadly declined, particularly in the BTC Ordinals and modular blockchain sectors. The TON network experienced an outage due to excessive DOGS token trading, prompting several exchanges to suspend related services. MakerDAO rebranded to Sky and introduced the USDS stablecoin along with the SKY governance token. Additionally, seven projects raised a total of $52.57 million, focusing on DeFi, AI, and zero-knowledge proof technologies.

Gate Research Institute's daily market review and outlook covers Bitcoin and altcoin market trends, macro capital flows, on-chain metrics analysis, updates on hot projects, token unlock information, and key industry conferences, providing comprehensive analysis and forecasts for the cryptocurrency market.

Crypto Pulse focuses on the latest developments in the cryptocurrency industry, delivering up-to-date market analysis and insights.

The article discusses the logical orthodoxy of DePIN (Decentralized Physical Infrastructure Network) and its structured development. DePIN combines blockchain with physical computing facilities, such as storage, computing, AI, IoT, etc., forming an emerging track. The article points out that although Messari's definition of DePIN is broad, analysis reveals that the DePIN project has universal logic and a trend toward structured development. DePIN projects not only include infrastructure construction but also involve the development of middleware and application layers, aiming to reduce costs and quickly replicate standardized projects. The article emphasizes that the growth potential of DePIN lies in its ability to bring real-world value and orthodoxy into the crypto field, thereby driving overall industry market value growth.

This article delves into the core concepts of DePIN (Distributed Physical Infrastructure Network) and the sources of its legitimacy, particularly in comparison to traditional cloud services and IoT technologies. By analyzing various DePIN projects such as Filecoin, IoTeX, and Helium, we analyzed their applications in the fields of storage, computing, IoT, and AI, and predicted the development trends of middleware and application layers.

The latest innovation in the blockchain technology field, the ERC314 protocol, has sparked discussions once again following ERC404. Its notable feature lies in supporting direct transfers like native tokens, without relying on DEX or SWAP, while allowing customization of token attributes and enhancing security.

This article explains in detail the Lybra Finance project, an LSDfi stable currency protocol. Its main business model is to mortgage ETH or stETH to mint the stable currency eUSD, and use the proceeds of LSD to repurchase eUSD to earn interest on the stable currency. The annualized rate is between 7% and 9%. The interest on the stable currency comes from the interest on the ETH pledge. , so the higher the mortgage rate, the higher the interest. eUSD is maintained stable by over-collateralization, liquidation, and arbitrage. The LSDfi track has relatively good fundamentals, narrative value and user demand. Lybra Finance is currently the LSDfi protocol with the highest TVL. The first interest-bearing stable currency eUSD has a certain attraction for funds in the market. Therefore, this product deserves attention.

Stablecoins are a significant presence in the cryptocurrency market. They are essentially defined as cryptocurrencies that are pegged to fiat currencies or other assets to achieve stable value. Currently, mainstream stablecoins are mainly distinguished based on the type of collateral and the degree of centralization in their issuance. Those backed by fiat currencies are mostly issued in a centralized manner and currently dominate the market. On the other hand, those backed by crypto assets or algorithmic stablecoins are mostly issued in a decentralized manner. Each category has its leading figures, and every stablecoin design framework has its advantages and disadvantages.