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Home » AILayer and BounceBit Form Strategic Partnership to Explore a New Asset Management Paradigm in the Bitcoin Ecosystem
Bitcoin

AILayer and BounceBit Form Strategic Partnership to Explore a New Asset Management Paradigm in the Bitcoin Ecosystem

By adminJun. 7, 2024No Comments2 Mins Read
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AILayer and BounceBit Form Strategic Partnership to Explore a New Asset Management Paradigm in the Bitcoin Ecosystem
AILayer and BounceBit Form Strategic Partnership to Explore a New Asset Management Paradigm in the Bitcoin Ecosystem
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The AI-driven Bitcoin Layer2 network project AILayer has announced a strategic partnership with the leading Bitcoin staking Layer1 project BounceBit. The two parties will work together to explore a new paradigm of AI-driven financial services and staking in the Bitcoin ecosystem.

This collaboration will also explore the deep application of AI technology in the financial sector, particularly in the innovation of AI large-scale model training. Traditional decentralized methods have difficulty meeting the requirements for AI large-scale model training due to the need for massive centralized computing power. The emergence of the CeDeFi model not only provides intensive capital support for AI large-scale model training but also offers a new way of integrating funds and resources for the future development of AI technology. This strategic partnership signifies a new chapter in the integration of AI and financial technology, opening up prospects for the broader application of AI technology.

BounceBit utilizes its BTC EVM Layer 2 platform to provide a PoS staking mechanism, allowing users to stake their native token BB or BTC assets. Additionally, through centralized custody services provided by Mainnet Digital and Ceffu, users’ deposited BTC assets are converted into bounceBTC on BounceBit, which can be used for staking and earning validation rewards. BounceBit provides users with triple benefits: custody rewards for mainnet BTC assets, staking project rewards, and restaking incentives.

Meanwhile, AILayer’s innovative architecture aims to enhance the scalability of the Bitcoin network through its EVM compatibility and modular design, promote AI integration, and facilitate multi-chain interoperability within the Bitcoin ecosystem. This strategic partnership not only marks a significant step in enhancing the functionality of Bitcoin but also provides a solid foundation for future collaboration between financial technology and artificial intelligence.

Disclaimer: This article is a sponsored content provided by AILayer and does not represent the views of the publication. It does not offer investment advice, purchase or sale recommendations. References to any services, solutions, or tools are for informational purposes only, and readers are advised to verify the accuracy before making any decisions.

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