Warning: Building on Phala may cause an intense love for Tees
🔹Best Use of AI in TEE -🥇⸺ $3,000💵 🔹Best Use of TEE in Blockchain -🥇⸺ $3,000💵 🔹Best General Use Case ⸺ $1,000💵 🔹Best Use of AI in TEE -🥈⸺ $1,500💵 🔹Best Use of TEE in Blockchain -🥈⸺ $1,500💵
Chainbase Launches Prima Materia Developer Testnet
Chainbase is excited to announce another milestone: the launch of the Prima Materia developer testnet. This event is the first step in a comprehensive multi-stage process that also includes the Prima Materia public testnet and will ultimately lead to the launch of the Chainbase mainnet. The Prima Materia developer testnet, based on the innovative four-layer Chainbase architecture, offers a secure, efficient, and scalable environment, representing the first step towards a dual-consensus network. The testnet aims to simulate real-world conditions for data creators to collaborate, providing the most accurate testing environment.
Chainbase Raises $15M in Series A Funding to Develop Open AGI Economy
Chainbase has raised $15 million from a diverse group of top-tier funds, including crypto funds, strategic investors, and Web2 VCs, to further our mission of making data accessible and useful. With this new funding, we will launch the next generation of data networks and the world’s first crypto data model, designed to enable mass adoption of on-chain data and bring intelligence to the cryptocurrency world. Blockchain is becoming the largest globally shared public computer in the AI era, similar to the revolution in cloud computing. With the unique characteristics of on-chain data—openness, transparency, and complete causal relationships—data is becoming the ultimate indicator of the flow of value on the blockchain, and increasingly valuable data and new asset classes are coming on-chain, which will usher in a revolution and countless new opportunities. We are committed to helping visionaries harness this potential to achieve their missions.
📈Phala Network + Trusted Execution Environments: Privacy at Its Core
Phala uses Trusted Execution Environments (TEEs), aka enclaves, to protect programs like a vault.
Once running, a program inside can’t be altered, not even by its creator. It’s fully confidential, and with attestation, the #TEE can prove it’s the real deal.
🔒Phala leverages this tech to bring privacy to the blockchain
🟩 Phala Network is shaping the Economy of Things by enabling machines to act as autonomous economic agents.
Through decentralized identities (DIDs), fee-less transactions, and secure machine-to-machine (M2M) interactions, peaq unlocks new business models in industries like mobility and IoT.
Machines can generate revenue, own assets, and participate in decentralized governance, all powered by blockchain.
🌍Scalable, secure, and efficient — Phala is driving the future of automation.