🚀 Ellipsis Labs Launches Atlas Testnet Optimized For DeFi
#EllipsisLabs #AtlasTestnet #DeFi #Solana #Ethereum #Phoenix #DecentralizedFinance #Blockchain #SOL
According to Foresight News, Ellipsis Labs, the developer behind the DeFi protocol Phoenix on Solana, has announced the launch of the Atlas testnet, which is optimized for decentralized finance (DeFi). The Atlas testnet utilizes the Solana virtual machine as its execution layer and employs the Ethereum mainnet for settlement, ensuring compatibility with existing Solana programs. Ellipsis Labs has indicated that future versions of Phoenix will be built on the Atlas platform.#EllipsisLabs #AtlasTestnet #DeFi #Solana #Ethereum #Phoenix #DecentralizedFinance #Blockchain #SOL
🚀 Anchorage Digital Partners with Spark to Launch On-Chain Lending Service
#AnchorageDigital #Spark #OnChainLending #ForesightNews #InstitutionalLending #CollateralManagement #Phoenix #MakerDAO #DigitalAssets #AtlasInfrastructure
According to Foresight News, Anchorage Digital has collaborated with Spark, formerly known as MakerDAO, to introduce an on-chain lending service. This platform allows institutions to borrow while securely managing their assets. Phoenix, the developer of Spark, will obtain direct legal ownership of the pledged assets. Anchorage Digital's Atlas infrastructure will oversee collateral management functions, including enforcing liquidations.#AnchorageDigital #Spark #OnChainLending #ForesightNews #InstitutionalLending #CollateralManagement #Phoenix #MakerDAO #DigitalAssets #AtlasInfrastructure
🚀 Phoenix Secures $30.2 Million for Rare-Earth Refining Expansion
#Phoenix #RareEarth #Refining #Investment #SustainableMining #Traxys #MetalsTrading #Technology #Minerals #MiningWaste #MaterialsRecovery
Phoenix, a rare-earth refiner, has successfully raised $30.2 million from investors to enhance its facilities dedicated to extracting essential minerals from mining waste. Bloomberg posted on X that the funding round included participation from metals trader Traxys. The investment will support Phoenix's efforts to expand its capabilities in recovering valuable materials, crucial for various industries. This development highlights the growing interest in sustainable mining practices and the importance of rare-earth elements in modern technology.#Phoenix #RareEarth #Refining #Investment #SustainableMining #Traxys #MetalsTrading #Technology #Minerals #MiningWaste #MaterialsRecovery
🚀 Zoox Expands Autonomous Taxi Testing to Phoenix and Dallas
#Zoox #AutonomousTaxi #SelfDriving #Phoenix #Dallas #AutonomousVehicles #Amazon #TechInnovation
Zoox, a subsidiary of Amazon, has announced the expansion of its autonomous taxi testing to Phoenix and Dallas. According to Jin10, this move marks a significant step in Zoox's efforts to broaden its testing operations across the United States. The company aims to enhance its autonomous driving technology by gathering data and insights from diverse urban environments. This expansion is part of Zoox's strategy to advance its self-driving capabilities and prepare for future commercial deployment. The testing in these new locations will focus on improving the safety and efficiency of Zoox's autonomous vehicles.#Zoox #AutonomousTaxi #SelfDriving #Phoenix #Dallas #AutonomousVehicles #Amazon #TechInnovation
🚀 X's Grok to Overhaul Recommendation Algorithm Next Week
#X #Grok #RecommendationAlgorithm #Phoenix #OpenSource #GitHub #AI #TechNews
X Product Lead Nikita Bier announced that Grok will completely replace X's recommendation algorithm next week. According to NS3.AI, X intends to make the new Phoenix algorithm open-source by releasing it on GitHub on the day it becomes operational.#X #Grok #RecommendationAlgorithm #Phoenix #OpenSource #GitHub #AI #TechNews