Insights

AI Made From Human Cells

N+1 Analytics

Aug 20, 2024 • 3 min read

In this edition, we explore FinalSpark, Worldcoin in Malaysia, Coinbase’s cbBTC and more.

💥 Cutting Edge with Shoal Research

In collaboration with Shoal Research, this week’s edition will focus on Drift Protocol.

What is it? Drift Protocol is a decentralized exchange (DEX) built on the Solana blockchain, primarily focusing on perpetual swap contracts. These contracts allow traders to speculate on the price of an asset without owning it, offering a means for leveraged trading.

What Does it Do? Drift has recently introduced a new feature called "Bet," the first capital-efficient prediction market on Solana. "Bet" allows users to predict the outcomes of various events—like sports games or elections—by placing wagers in a decentralized manner.

What Does it Represent? Drift Protocol represents a convergence of decentralized trading and predictive analytics within the crypto space. It also highlights the potential for Solana to support more complex financial instruments, boosting its position as a key player in the blockchain space.

Why is it Unique? With its innovative approach to perpetual swaps and now prediction markets, Drift Protocol is poised to capture significant market share in the DeFi space on Solana.

Check out Shoal Research’s Substack and Telegram channel.

💡 Coin Spotlight: The N+1 HODL

In this segment, we dive into the N+1 Hodl basket and discuss our altcoins.

Coin: GRAIL

Sector: AI

Fundamentals: GRAIL is the native token for the Camelot ecosystem. Created in December 2022, Camelot is a DEX and launchpad on Atrium. Camelot stands out as they offer customizable features for both builders and users. Camelot aims to become the go-to launchpad.

Narrative: Camelot is framed as an efficient, community based protocol with a tailored approach focused on composability - the process of combining many blockchain assets to build new products. Taking a more tailored approach allows Camelot to stand out.

Performance: GRAIL is down 56% YTD.

⏰ Crypto News Recap

Keep up to date with the latest in crypto.

Malaysia Using Worldcoin

Worldcoin, the blockchain identity company, has signed a memorandum of understanding with the Malaysian government’s research and development team. The team reportedly intends to use Worldcoin’s technology in their digital ID verification infrastructure. This reflects a step in a broader plan to improve digital credentials in the country and an interesting use case for Worldcoin.

Coinbase’s cbBTC

Coinbase recently stirred up rumours of a new wrapped Bitcoin with a post on X. The Coinbase account wrote “cbBTC” and later “coming soon”. Coinbase’s layer 2, Base, then commented on the post. As a result, many are speculating that Coinbase may be creating a new wrapped Bitcoin on Base.

AI from Human Cells

FinalSpark, a Swiss AI firm, has released a program that allows scientists to rent their AI technology which is surprisingly made from human cells. They call their AI a ‘bio computer’ as it is based on biological neural networks. The company grows neurons in cell cultures to use as computing power. The creation is meant to relieve issues around increased energy demands for AI by providing a scalable, efficient biological AI that can compete with human-made computing.

📚 N+1 Recommendations

The N+1 reading and media recommendations are sourced from our team of experts and offer weekly suggestions for learning more about blockchain, crypto, finance and technology.

This week’s recommendation: The Ten Equations That Rule the World: And How You Can Use Them Too by David J. T. Sumpter