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The rapid development of blockchain technology has given rise to numerous innovative encryption projects, covering a wide range of areas from infrastructure to the application layer. These projects not only promote the advancement of digital money but have also made significant breakthroughs in smart contracts and Decentralized Finance (DeFi).
In Layer 1 and Layer 2 solutions, Pharos stands out as a Layer 1 project compatible with the Ethereum Virtual Machine (EVM). The project completed a $8 million seed round of financing in November 2024, with a team composed of industry veterans, demonstrating strong development potential.
Aztec focuses on privacy protection and is an innovative Ethereum L2 scaling network. It will launch a public test network in May 2025, aiming to provide privacy protection for Ethereum users while maintaining the programmability of smart contracts. This balance is crucial for the widespread application of Blockchain.
The Ink network launched by Kraken Exchange is an L2 solution based on the Optimism Superchain, with the mainnet set to launch in December 2024. It will then announce the issuance of 1 billion INK tokens in June 2025, further enriching its ecosystem.
In the intersection of artificial intelligence and Blockchain, Bittensor (TAO) demonstrates unique advantages. It builds a decentralized machine learning network that incentivizes the development of AI models through competition and collaboration mechanisms. The TAO token plays a central role in the network, used for staking, governance, and rewards.
In addition, the Grass (GRASS) project has opened up a new direction for decentralized physical infrastructure networks, demonstrating the potential of Blockchain technology in real-world applications.
The diversity and innovation of these projects highlight the vitality and potential of the encryption field. As technology continues to advance, we can expect to see more groundbreaking applications emerging, driving the entire industry forward. However, investors and users must remain cautious when participating in these projects and thoroughly assess the risks and opportunities.