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MAP Protocol, a blockchain interoperability leader, joined the NVIDIA Developer Program. This marks a milestone for AI-powered Bitcoin interoperability. MAP Protocol’s partnership with NVIDIA allows for more blockchain collaboration research. MAP Protocol uses NVIDIA’s cutting-edge AI technology to make the Bitcoin Layer 2 (L2) ecosystem and other blockchain systems work better together. AI is becoming increasingly important for blockchain innovation, as shown by this partnership.

🚀We are proud to announce that MAP Protocol has officially joined the @nvidia Developer Program to accelerate AI-powered Bitcoin interoperability technologies.

As a key gateway for the Bitcoin ecosystem, we leverage NVIDIA's AI tech for advanced interoperability research and… pic.twitter.com/dV4N9nG6gG

— MAP Protocol (@MapProtocol) March 14, 2024 NEAR Protocol Embraces AI to Drive Future Blockchain Innovation As a gateway for the Bitcoin ecosystem, MAP Protocol helps blockchain networks communicate and collaborate. MAP Protocol hopes to improve interoperability and the blockchain ecosystem by using NVIDIA’s AI technology.

MAP Protocol has partnered with NEAR Protocol, a leading AI-focused blockchain platform, and NVIDIA. This partnership has funded MAP Protocol and enabled AI-powered interoperability solutions in the NEAR and Bitcoin L2 ecosystems. This new development advances cross-chain communication and data exchange between two popular blockchain networks.

The fact that NEAR Protocol has switched to AI shows how crucial AI is to blockchain technology’s future. NEAR Protocol wants to add AI to its ecosystem to scale, optimize, and improve its blockchain platform. This opens up new growth and innovation opportunities.

The NEAR Protocol team launched the NEAR Mission at NEARCON 2023. This project uses community participation to improve AI models. Participants in the NEAR Mission receive NEAR tokens for annotating data to improve AI models. This community-driven approach increases participation and accelerates NEAR ecosystem AI-powered solution development.

MAP, NEAR, and NVIDIA Forge Alliance for Blockchain Innovation MAP Protocol received official funding to help the AI-powered NEAR Protocol blockchain work with other blockchain networks. This grant shows that MAP Protocol and NEAR Protocol promote new ideas and blockchain ecosystem collaboration.

Joining the NVIDIA Developer Program lets MAP Protocol use shared tools, platforms, and frameworks to develop cross-chain interoperability solutions faster. Through this partnership, MAP Protocol can use NVIDIA’s AI expertise to improve its compatibility with other protocols and encourage blockchain innovation.

Ultimately, the MAP Protocol, NEAR Protocol, and NVIDIA partnership advances blockchain interoperability and AI integration. MAP Protocol hopes this partnership will accelerate AI-powered interoperability solutions and create a more connected and effective blockchain ecosystem. MAP Protocol is poised to lead blockchain innovation and progress with NVIDIA’s AI technology and NEAR Protocol’s strategic partnership.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

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As the community prepares for the much-anticipated fourth halving set for April 19, 2024, the buzz around Bitcoin-based projects is reaching a fever pitch. Crypto influencer Leshka.eth, with a following of over 128,500 on X (formerly Twitter), has identified a set of altcoins under the Bitcoin financial ecosystem (BTCfi) that could see significant gains post-halving.

Crypto Analyst Shares His Top-10 BTCfi Altcoins Leshka.eth told his 128,500 followers on X (formerly Twitter) about the potential of various projects in the BTCfi landscape. He remarked, “The countdown to BTC halving ends in 2 days. If you missed 1,000x on BRC20 and Ordinals, if you missed 800x on STAMP, check out my watchlist of BTCfi altcoins poised to surge because of the halving.”

Here’s a breakdown of the top altcoins Leshka.eth believes could benefit from the upcoming Bitcoin halving:

1. Hulvin (HULVIN): This project is touted as the first halving-themed memecoin with the slogan “Make Halving Great Again.” Initially mentioned by Leshka.eth when it was valued at a $9 million market cap, Hulvin has seen an impressive ascent, crossing a $30 million market cap.

“I first mentioned it when it was at $9M market cap. Today it surpassed $30M MC and outperforming all other tokens on the market. Still much space for a price discovery,” Leshka.eth highlighted. The coin currently trades at $0.01298 with a daily volume of $5.8 million.

2. Map Protocol (MAP): Designed to simplify cross-blockchain transactions using light clients and zero-knowledge (ZK) proofs, MAP Protocol operates without relying on trusted third parties. It facilitates secure peer-to-peer connections and emphasizes compatibility across different blockchains. Currently, MAP is trading at $0.0248 with a $107 million market cap and a 24-hour trading volume of $3.2 million. Leshka.eth views it as a crucial infrastructure component for the evolving blockchain ecosystem.

3. Stacks (STX): As a layer built on top of the Bitcoin blockchain, Stacks introduces functionalities such as smart contracts, decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized applications (dApps). It is often compared to the Lightning Network due to its extension of Bitcoin’s capabilities.

With a substantial market cap of $4.04 billion and a price of $2.29, Stacks represents a significant part of the BTCfi landscape. “Stacks transforms Bitcoin from a digital gold into a more expansive ecosystem capable of supporting a wide array of applications,” Leshka.eth noted.

4. Mintlayer (ML): This layer 2 solution enhances Bitcoin’s functionality by enabling DeFi, smart contracts, atomic swaps, NFTs, and dApps directly on the Bitcoin network. Trading at $0.38 with a market cap of $24 million and a daily volume of $2.5 million, Mintlayer stands out for its integrative approach to extending Bitcoin’s utility without the need for an entirely separate blockchain.

5. SatoshiSync (SSNC): Collaborating with LayerZero and Chainlink, SatoshiSync offers a toolkit for easing transactions on Bitcoin’s L1 and L2 layers. Even before its token launch, the platform had attracted over 50,000 users, underscoring its practical value. SSNC is priced at $0.1275, with a market cap of $124.7 million and modest daily transactions amounting to $0.45 million.

6. Bitcoin Virtual Machine (BVM): BVM is a rapidly growing Layer 2 solution for Bitcoin that allows users to create their own L2 networks, thereby enhancing the value of BVM tokens. The BVM team is also planning to introduce airdrops for BVM stakers, which Leshka.eth believes could “drive up demand for the tokens significantly.” BVM is currently trading at $5.35, with a market cap of $133.6 million and a 24-hour volume of $2.74 million.

7. Naka Chain (NAKA): Positioned as a cost-effective, high-speed Bitcoin L2 blockchain tailored for DeFi applications that utilize Bitcoin for gas fees, Naka Chain enables developers to port decentralized apps from Ethereum to Bitcoin with minimal changes. It functions similarly to the Ethereum Virtual Machine (EVM), enhancing its appeal. NAKA is trading at $0.026, with a market cap of $56.32 million and a daily volume of $128,000.

8. Elastos (ELA): Elastos aims to construct a blockchain-driven version of the internet, addressing scalability and flexibility issues found in Ethereum and other DApp platforms. With a market cap of $81 million and trading at $3.69, ELA focuses on building a robust infrastructure for a decentralized internet.

9. MVC (SPACE): This public blockchain integrates multiple technologies, including the UTXO model and Proof of Work (PoW), to deliver exceptional performance, minimal fees, and high decentralization. SPACE trades at $17.59 with a market cap of $52.3 million and a 24-hour volume of $1.31 million.

10. Photon: Touted as a superior traditional Layer 2 solution, Photon leverages the security of Bitcoin’s Layer 1 to support scalable decentralized applications, providing efficiency and flexibility comparable to Ethereum’s ecosystem. This project is one to watch, with its upcoming launch expected to attract significant attention. “Keep an eye out for its upcoming launch!,” Leshka.eth stated.

11. Additional Mention – BounceBit: BounceBit is a Bitcoin staking chain that allows users to earn yields on their dormant Bitcoin. With a focus on early access, the platform encourages active participation and utilization of Bitcoin for staking purposes. The imminent launch of BounceBit is highly anticipated by the community.

At press time, Stacks (STX) was trading at $2.29, down 40% from its all-time high reached on April 1.

STX price, 1-day chart | Source: STXUSD on TradingView.com Featured image created with DALL·E, chart from TradingView.com

MAP Protocol (MAPO) was the best-performing cryptocurrency on Saturday as it jumped by 100%. It rose to a high of $0.010, its highest point since Feb. 2, and 153% above its lowest point this year.

This increase has pushed its market cap to over $53 million. 

MAP Protocol price led the charge MAP chart | Source: TradingView MAP Protocol is a layer-2 network for Bitcoin, allowing peer-to-peer cross-chain transactions. Its token surged as the total value locked in the network jumped. 

Its TVL jumped to $23.3 million on Saturday, the highest point since February. All dApps in the ecosystem, like HiveSwap, StaQ, and Butter Network, have all added substantial assets in their ecosystems.

The biggest risk for MAPS Protocol price is that it has become highly overbought, with the Relative Strength Index jumping to 93. This means that the token may have a big dive as investors book profits. 

Useless Coin price hits all-time high USELESS token chart | Source: TradingView The Useless Coin price surged to a record high of $0.078 on Friday, even as the crypto market crashed. The Solana meme coin has jumped by over 1,245% from its lowest point this year, giving it a market cap of over $70 million.

Useless Coin, unlike MAPS Protocol, has no utility, and its price is soaring mainly because of hype and FOMO among crypto investors. 

Technicals suggest that the USELESS token has more gains ahead. It formed a cup-and-handle pattern whose upper side was at $0.047 and the lower side was at $0.0051 or a 90% dip. Measuring the same distance from the cup’s upper side gives it a target of $0.090, a few points above the current level.

LUNC price rises as burn rate jumps LUNC chart | Source: crypto.news Terra Luna Classic (LUNC) token rose by over 10% on Saturday. This jump happened after the LUNC token burn rose by over 234 million in the last seven days, bringing the cumulative burn to 410 billion. 

Technicals suggest that the LUNC price has more gains in the coming weeks. It has remained in a tight range and formed a double-bottom pattern with a neckline at $0.00007253. 

LUNC has also moved in the accumulation phase of the Wyckoff Theory, pointing to an eventual comeback. A move above the neckline at $0.00007253 will point to more gains to the 50% retracement level at $0.0001135.

Meanwhile, Bitcoin rallied past $105,000 at last check on Saturday. See below.

Souce: CoinGecko

PANews reported on May 21 that, according to Blockaid, the Map Protocol/Butter Network cross-chain bridge was attacked on Ethereum and BSC. The attacker tricked the Butter Bridge V3.1 contract into directly minting approximately 1000 trillion MAPO tokens to a newly created EOA address, roughly 4.8 million times the legitimate supply of 208 million tokens. Furthermore, according to the DeFi community YAM, the attacker has currently profited approximately 52.2 ETH (about $110,000).

In response, MAP Protocol stated that the team is aware of the matter and is coordinating with external security partners to investigate and contain it. The bridge between MAPO ERC-20 and the MAPO mainnet has been suspended. Do not trade MAPO ERC-20 tokens on Uniswap at this time. Liquidity pools remain at risk while mitigation measures are in place.

Butter Network responded that ButterSwap has been suspended, and the team is coordinating an investigation with external security partners. Pending transactions will be processed once security is restored. User funds are not at risk, and all affected transactions will be processed in full upon restoration.

1 Quadrillion MAPO Minted: Bridge Exploit Crashes Token