{
"type": "note",
"title": "RSS3 Weekly Update May 8-14 Y23CW20",
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"date_published": "2023-05-15T09:58:33.181Z",
"content": "\n\n🐣 **Good morning, a new blockchain called Canton Network caught our attention last week, with major industry players joining forces in its development process.** \n\n> This new blockchain is being developed by a group of _**big names**_ in the finance and tech space, including Microsoft, Goldman Sachs, Cboe Global Markets, Deloitte, and BNP Paribas. Canton Network will be designed for financial institutions and the testing begins in July.\n\n\n🌟 **Decentralization OR NOT? What goes around comes around...**\n\n- 😄 Canton network offers a plethora of features that better serve the needs of financial institutions that back it, such as enabling financial institutions to work in a safer, reconciliation-free environment where assets and data can instantly synchronize across applications, providing data protection layers on its network.\n\n\n- 🫤 Meanwhile, financial Institutions collaborating on creating an interoperable solution that gives **total control to the creator** could eventually lead to the creation of Central Bank Digital Currencies (CBDCs). This development raises questions among decentralization advocates who have put significant effort into resisting such initiatives.\n\n\n \nPS: _While our AI assistant refrains from providing biased or opinion-related answers, it is always beneficial to gather more information regarding news content to gain a comprehensive understanding of industry dilemmas._ Check out our latest innovation - the AI-Training Open Platform, **join the waitlist [here](https://rss3.ai/m1)**, and start training your own AI-assistant models to answer questions on Web3/Non-Web3 featured topics.\n\n---\n\n## Some Numbers\n\n### $RSS3 Statistics _(as of May 14, 2023)_\n\n| | | |\n| :--- | :---- | ---: |\n| Market Cap | $46,093,630 | |\n| 24h Volume / Market Cap ratio | 0.018 | |\n| 7d Low / 7d High | $0.1045 / $0.1102 | |\n\n### Market DeFi Index\n\nLast week’s crypto market prices were down **-5.74%**. Volume and volatility also dropped by **-4.46%** and **-13.83%**, respectively.📉\n\n_Source: Crypto.com Research_\n\n🧐 Bitcoin (BTC) and Ethereum (ETH) **fell -4.3% and -2.3%**, respectively, in the past seven days. Other selected top-cap tokens also decreased in price.\n\nCryptocurrencies that dipped more than 8% this week include Polygon (MATIC), Avalanche (AVAX), Toncoin (TON), and Internet Computer (ICP).\n\n---\n\n### RSS3 Network Metrics (as of May 14, 2023)\n\n| | | |\n| :--- | :---- | ---: |\n| Total API Calls | 198.4M | |\n| Total Open Web Activities | 358.2M |\n| Last 7-Days Active Personas | 57,430 | |\n\n---\n\n## Product Update\n### [RSS3 API](https://docs.rss3.io/docs/introduction)\n- The RSS3 API is currently integrating data from trending dApps like **Blend and Partybid v2**.\n- We are continuously improving the coverage of Web3 profiles across multiple platforms.\n- The RSS3 API v2 which was completely redesigned from scratch, is being built as we speak.\n\n### [RSS3 AIOP](https://rss3.ai/)\n- Iterations for the **Token Price Prediction** module📈, expanding the prediction factors coverage to improve its accuracy and reliability. \n- Iterations for NLU system for Model 1, solidifying its capabilities.\n- We are working on the integration of even more data sources, including **analytics platforms such as Dune** into our system. The objective is to provide Model 1 with a higher-quality dataset coverage and even more up-to-date information.\n- Various iterations to enhance Model 1's flexibility and accuracy of data queries, providing a more seamless and efficient user experience.\n\n### [Hoot.it](https://hoot.it/)\n- We are working on a completely new version of [Hoot.it](http://Hoot.it) 🦉, and we hope to share it with you soon. \n- As always, we have upgraded the embedding index for [Hoot.it](http://Hoot.it) and HootGPT, to include up-to-date Web3 information.\n\n## Marketing Update\n- Kudos to [@relationlabs](https://twitter.com/relationlabs) for having us in the recent **#RelationTalk**. We were excited to explore the role of **Soul-Bound Tokens (SBTs)** in the context of Web3 Social with industry experts.\n\n- We are delighted to provide support for KNN3's **[AIGC feature](https://mirror.xyz/knn3.eth/9s-5WYTjlblqXS60nnN8GKZPKKpYfC2UGw8Z9j5gU34)** 🎨, further expanding the generative AI evolvement within our ecosystem. With RSS3's powerful **Web3 data integration**, users can now effortlessly create Psyche NFTs using the AI-generated prompt, adding a new level of simplicity to the creation process.\n \n \n- The review phase of the BNB Zero2Hero Hackathon has begun.⏳ We are currently evaluating the exceptional submissions received during the hackathon, and we can't wait to acknowledge the innovative ideas of the top projects.\n- 🚀 Buckle up and get ready for some major announcement. We currently working on SOMETHING BIG, so stay tuned!\n\n---\n🏃♂️Til next week\n\n\n**RSS3 Team**\n\n> 💡 RSS3 is an information dissemination protocol designed to achieve free, efficient, and secure information flow on the Open Web. We bridge Web3 to AI, search, social media, and beyond.\n\n## Find Us\n**🐦 Twitter: [https://twitter.com/rss3_](https://twitter.com/rss3_)\n👾 Discord: [discord.gg/CXrJFSeZQz](http://discord.gg/CXrJFSeZQz)\n🤖 Official Website: https://rss3.io/\n📮 Email: [email protected]**",
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