Google Cloud teams up with Web3 startup to make DeFi mainstream

Google Cloud told Cointelegraph that the partnership was done in light of increasing interest from clients exploring blockchain workloads on the platform.
Google Cloud has joined forces with Web3 startup Orderly Network to create user-centric developer tools for decentralized finance (DeFi) to lower the barrier of entry into the decentralized world. 

The partnership will work to develop off-chain components of DeFi infrastructure focused on tackling self-custody and transparency challenges. Orderly will be a DeFi infrastructure provider, available on Google Cloud Marketplace. 

Google Cloud told Cointelegraph that the partnership was struck in light of increasing interest from clients exploring blockchain workloads on the platform.

Zksync Airdrop Confirm?

Token commitments to insiders: Multiple people from ZkSync (Alex Gluchowski, Steve Newcomb, Marco Cora) confirmed that there will be a token. They mentioned that ⅓ of the tokens are reserved for insiders. [2] This sounds like they have already made a commitment to allocate tokens to key stakeholders. Why would they not launch a token? A token is the best way to monetize your project and get the support of relevant people

A Token for the Zk Porter: So, I’m collecting every bit of information about the airdrop that I could find & by coincidence I stumbled upon something interesting: The ZkPorter. The ZkPorter is the off-chain Data availability layer for ZkSync. As you know ZkSync validates transactions off-chain in order to scale better. That's what the ZkPorter is for. Anyway, after learning about the ZkPorter, I watched the Bankless interview with Alex Gluchowski from ZkSync and he said something along the lines of [1]: “We need a token because that's how the ZkPorter will be validated”

Ethereum Hard Fork Coin ETHW Down More Than 95% Since The Merg

Nearly a year after Chandler Guo — the instigator of the Ethereum blockchain’s last hard fork — predicted its rise, the native coin of the breakaway Ethereum proof-of-work blockchain has plummeted by more than 95%. Ethereumpow (ETHW) now trades at a price less than 1% of the U.S. dollar value of ether. The team behind the Ethereum proof-of-work network acknowledged in March that the protocol’s prospects may not be as bright as they were in September 2022.

EY invests null.4 billion in AI tech, launches new platform

Ernst & Young revealed billions of dollars of investments into AI technologies and the launch of a new AI-powered platform for its clients and internal personnel.
Ernst & Young (EY), one of the Big Four global professional services providers, announced the development of a new artificial intelligence (AI)-powered platform for its clients.

In a post on Sept. 13, the London-based firm revealed it had invested null.4 billion into AI technologies for its new EY.ai platform, which aims to help organizations adopt AI. The platform is based on EY’s own large language model (LLM), EY AI EYQ.

It said that a collaboration with Microsoft provided EY with early access to Azure OpenAI capabilities, including ChatGPT-3 and ChatGPT-4. EY also jointly invested with Dell in Dell Generative AI Solutions, which aims to simplify the adoption of generative AI with LLMs.

The billions in AI investments will also go to embedding the technology into existing EY services, such as EY Fabric, which is already used by 60,000 clients with millions of unique users, along with the acquisition of additional technology supporting cloud and automation.

Web3 ecosystem made ‘good strides’ in changing climate narrative, exec says

Celo CEO Marek Olszewski said that blockchains can provide transparency and real-time verification on the state of carbon credits.
While moving to proof-of-stake (PoS) contributes to changing the narrative of blockchains being harmful to the environment, there are still many things that the Web3 ecosystem can do to tackle climate change, according to Marek Olszewski, CEO of Celo — an Ethereum layer-2 scaling solution. 

Cointelegraph editor Zhiyuan Sun spoke with Olszewski about the threat of climate change, the benefit of using blockchain-based systems for carbon offsets, and various ways that projects can offset their carbon footprint.

According to Olszewski, as climate change remains a threat to humanity, companies and projects are steering toward becoming carbon neutral