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Theta EdgeCloud to Launch with Meta Llama 2, Google Gemma, Stable Diffusion, and Other Popular AI Models | IDOs News

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Theta Labs is launching EdgeCloud, a platform offering open-source AI models, aiming to revolutionize the AI industry by providing developers with access to cutting-edge technologies.

Theta Labs is excited to announce the upcoming launch of Theta EdgeCloud, a groundbreaking platform that will support a variety of open-source AI models. The team is currently in the final stages of development and is working on finalizing the set of AI models that will be available on launch.

With Theta EdgeCloud, AI developers will have the option to select and deploy popular generative AI and large language models. Some of the notable models that will be supported include Meta Llama 2, Google Gemma, Stable Diffusion, and more. These models have gained significant popularity in the industry, with millions of downloads.

One of the key advantages of Theta EdgeCloud is its provision of immediate access to crucial GPU resources. The platform will offer GPU resources such as NVIDIA A100s, V100s, T4s, and other GPUs, along with accompanying dashboards and metrics. This will enable developers to optimize their AI models for various business use cases.

The list of supported AI models on Theta EdgeCloud is subject to change, but currently includes the following:

  1. LLMs: Mistral-8x7B, Mistral-7B, Google Gemma-7B, Meta Llama-2-7B
  2. Image generation: Stable Diffusion XL (SDXL) Turbo, ControlNet
  3. Text-to-video: Stable Video Diffusion
  4. Speech recognition: OpenAI Whisper
  5. Code generation: CodeLlama

Mistral AI, a French AI startup, has developed the Mistral-8x7B model, which is set to rival the latest GPT-4. It is fluent in multiple languages, including English, French, Italian, German, and Spanish.

Google Gemma-7B, launched by Google DeepMind in February 2024, is a family of lightweight open language models optimized for Nvidia GPUs and Google Cloud TPUs. The model is designed for efficient deployment on consumer-size GPUs, as well as cloud-based GPUs.

Meta Llama-2, developed in partnership with Microsoft, is an open-source large language model that is free for both research and commercial use. It offers improved accuracy and safety of chat content through human feedback and reinforcement learning. Theta EdgeCloud will launch with Llama-2 support.

Stable Diffusion, developed by Stability AI, is a groundbreaking text-to-image generative AI technology. It has gained immense popularity since its launch in 2022 and will be supported by Theta EdgeCloud. The platform will also support Stable Video Diffusion, which enables text-to-video generation.

Additionally, Theta EdgeCloud will offer support for ControlNet, an innovative genAI model in the text-to-image category. This model allows users to have greater control over image generation by taking an additional input image.

OpenAI’s Whisper, a state-of-the-art speech recognition model, will also be supported on Theta EdgeCloud. It boasts “semi-supervised learning” and has been trained on a vast amount of multilingual and multitask data, making it more robust and accurate than other models.

Lastly, Theta EdgeCloud will launch with support for Meta’s CodeLlama, a large language model specifically designed for coding. It has the potential to enhance workflows and efficiency for developers, as well as lower the barrier to entry for beginners learning to code.

Theta EdgeCloud aims to revolutionize the AI industry by providing developers with easy access to powerful AI models and GPU resources. With its upcoming launch, it promises to empower AI developers and enable them to create innovative solutions using cutting-edge technologies.

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Sei Community Airdrop: 27 Million SEI Tokens Distributed to Active Users | IDOs News

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Sei, the blockchain platform known for its high performance and parallelized EVM, has announced the distribution of 27,421,200 SEI tokens through its second airdrop. The event targets 43,052 unique addresses, rewarding those who have been actively participating in the Sei ecosystem since its Pacific-1 Mainnet launch.

Background

Since the launch of Sei’s Pacific-1 Mainnet last August, over 100,000 addresses have played a crucial role in securing the network by delegating their voting power. This participation has fostered a thriving economy, with primary activities revolving around the exchange and creation of NFTs. To date, the platform has seen half a million individual NFT purchases, generating tens of millions of SEI in volume.

Sei v2, the latest iteration, further enhances the platform by introducing the first highly performant, parallelized EVM blockchain. This new scaling approach is designed to bolster the Ethereum ecosystem, offering the fastest time to finality of any blockchain currently available.

How the Airdrop Works

The Sei Foundation’s second airdrop focuses on rewarding active users and participants within the Sei ecosystem. Eligible users can check if their wallet addresses qualify by visiting the airdrop app. If eligible, users must connect their wallets and agree to the terms of use to receive their tokens. The deadline for this process is aligned with the commencement of “Phase 3” of the Sei v2 launch, which is scheduled in the coming weeks.

Importantly, the Foundation has cautioned users that no further interactions are required once eligibility is confirmed. Tokens will be sent directly to eligible addresses at the start of Phase 3. Users are advised to ignore any websites claiming to assist in token claims.

Airdrop #2 Allocations

The allocation for Airdrop #2 is designed to reward users based on their involvement in staking, liquid staking, and participation in top NFT communities. Points were assigned based on specific criteria, with snapshots taken on key dates to determine eligibility. Notably, addresses with excessive holdings were excluded to maintain fairness.

Specifically, the criteria included:

  • Staking up to 2,000,000 SEI
  • Holding up to 2,000,000 liquid staked SEI tokens
  • Owning up to 150 NFTs from the top 8 collections by volume

Sei core contributors and wallets associated with the Sei Foundation or Labs are not eligible to participate in this airdrop. The Foundation has emphasized that this distribution is exclusively for the Sei community members who have actively engaged with the platform.

Users are encouraged to participate in the ecosystem by building on Sei, exploring various projects, or engaging with the community on platforms like Discord.

The official Sei Twitter account will announce the start of Phase 3 and the distribution of tokens. Eligible users must ensure they agree to the terms on the airdrop app to receive their SEI tokens from the Foundation.

For further details on the Sei Community Airdrop, visit the original announcement.

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Binance Expands Loanable Assets for Flexible Rate and VIP Loans | IDOs News

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Binance Introduces New Loanable Assets

Leading cryptocurrency exchange Binance has announced the addition of new loanable assets to its Binance Loans (Flexible Rate) and VIP Loan services, according to Binance.com. This expansion aims to provide users with more options and flexibility in managing their digital assets.

Details about Binance Loans (Flexible Rate)

Binance Loans (Flexible Rate) is a dynamic loan product allowing users to borrow cryptocurrencies by collateralizing assets in their Simple Earn Flexible Products subscriptions. This service offers the advantage of not requiring a fixed loan term, providing users with greater flexibility. Loan rates are updated every minute, and users can start with a minimum loan amount of 1 USDT equivalent. Additionally, users can earn Real-Time APR rewards through Simple Earn Flexible Products while managing their loans.

Insights into Binance VIP Loan

Binance VIP Loan is designed for large personal and institutional borrowers, offering competitive rates, terms, and services. This over-collateralized loan service is aimed at providing greater liquidity for long-term investment funds, leveraged trading, and hedging strategies. Users interested in this service can contact the Binance VIP Key Account Coverage team for more details.

Important Considerations

  • Users are advised to refer to the latest interest rates and a complete list of loanable and collateral assets on the Loan Data and VIP Loan pages.
  • To place new Binance Loans (Flexible Rate) orders via the Binance App, users must upgrade to at least iOS v2.78.0 or Android v2.78.0. Older versions do not support the placement of new orders.
  • For the most accurate information, users should refer to the original English version of the announcement, as there may be discrepancies in translated versions.

Conclusion

This update from Binance highlights its commitment to enhancing user experience by expanding the range of loanable assets and offering more flexible loan options. Users are encouraged to stay informed and leverage these new services to better manage their cryptocurrency investments.

Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of investments may fluctuate, and past performance is not indicative of future results. Users should consult an independent financial adviser and carefully consider their investment objectives before making any decisions.

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BitTorrent (BTT): Halving of BTFS Storage Rewards | IDOs News

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BTFS Announces Halving of Storage Rewards

To sustain the growth and success of the BitTorrent (BTT) ecosystem, BTFS is set to implement a halving on the next round of rewards for storage miners. According to BitTorrent Inc., from 00:00 (UTC) June 25, 2024, the daily rewards for storage miners on the BTFS network will be halved from 15 billion BTT to 7.5 billion BTT.

Understanding BTFS

The BitTorrent File System (BTFS) is a decentralized file storage system that utilizes blockchain technology and peer-to-peer transmission. It allows users to store their files across multiple nodes in a distributed manner, enhancing file security and reliability. BTFS also offers rapid file transfer and access, giving users greater convenience in managing and sharing files. By integrating key features of the BitTorrent Chain (BTTC), such as cross-chain connectivity and multichannel payment options, BTFS significantly enhances user experience.

Current Network Status and Growth

Currently, the BTFS network is experiencing rapid growth with over 8 million nodes across the network, including more than 6 million super miners, according to BTFS SCAN. To support the efficient operations of these nodes, BTFS initiated a rewards program and has provided an aggregate of 25 trillion BTT since the launch of BTFS Mainnet in 2019.

Every two years, the BTFS rewards halving will occur, causing the rewards for all storage miners across the network to be cut in half. This halving mechanism aims to sustain the long-term growth and stability of the BTFS network.

Impact of Halving

The halving will prompt miners to improve node performance by optimizing node operation and reducing waste. In addition, an upgrade of the official website for the BTFS technical community and the release of BTFS v3.0.0 Mainnet will be scheduled in sync with the halving. These developments are expected to improve the efficiency of the BTFS protocol, expand the user base, and enhance its overall functionality.

Future Plans

Looking ahead, BTFS is committed to continuously refining its storage rewards strategies. The goal is to expand the network of nodes participating in file storage on BTFS, providing developers with an efficient, secure, and reliable storage solution, boosting both the capacity and the transaction efficiency of the BTTC network.

About BTFS

The BitTorrent File System (BTFS) is both a protocol and a web application that provides a content-addressable peer-to-peer mechanism for storing and sharing digital content in a decentralized file system, as well as a base platform for decentralized applications (Dapp). The BTFS team has been working on the latest network operations and BTT market sentiment, among other factors, to make a series of dynamic adjustments such as upload prices and airdrop reward schemes.

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