Latest news with #BybitWeb3
Associated Press
02-03-2025
- Business
- Associated Press
Bybit Web3 Pioneers AI Agent Acceleration: Launches First AI-DOL Reality Competition with $1M Prize
DUBAI, United Arab Emirates, March 02, 2025 (GLOBE NEWSWIRE) -- Bybit Web3, the Web3 division of Bybit, is thrilled to accelerate AI innovation with the launch of its first AI-focused accelerator program - AI-DOL SUPERSTAR: Battle for Debut. This pioneering initiative will showcase AI-driven projects competing for a coveted listing on Bybit Spot, marking a significant milestone in the integration of AI innovation and crypto trading. Adding to the excitement, Luna (Luna by Virtuals) will host the event, marking another milestone in her career, while AI16z, Top Hat (HAT), Cookie DAO and Alchemist AI (ALCH) join as mentors. With a prize pool totaling $1,000,000, this competition not only highlights the potential of AI-powered projects but also offers substantial financial incentives for users engaging in the voting and trading process. The AI-DOL SUPERSTAR competition will feature over 30 cutting-edge AI projects such as including VADER, FREYA, TAOCAT, and only 4 will be listed on Bybit Spot, and many others vying for community support through a voting system that directly influences their listing potential on Bybit. This initiative underscores Bybit's commitment to fostering the next generation of AI-powered blockchain applications while offering traders and enthusiasts an active role in shaping the future of AI-driven assets. The AI-DOL SUPERSTAR event is scheduled to run from February 28, 2025, at 10:00 AM UTC to March 27, 2025, at 10:00 AM UTC. Users can earn voting points by trading on Bybit's both centralized (CEX) and decentralized (DEX) exchanges, with the hybrid CeDeFi environment uniting both communities together for a meaningful purpose. These points can then be used to vote for their preferred projects to be listed on Bybit Spot, while also competing for a share of the prize pool. As AI continues to revolutionize industries worldwide, Bybit remains at the forefront of driving AI adoption in crypto trading. The AI-DOL SUPERSTAR program aligns with the exchange's broader mission to integrate AI technology with blockchain solutions, providing traders with innovative tools and investment opportunities. 'Our AI-DOL SUPERSTAR competition is a groundbreaking step toward merging AI innovation with crypto trading,' said Emily Bao, Head of Spot and Web3 at Bybit. 'We are excited to offer our users a hands-on role in shaping the future of AI-driven assets while rewarding them for their engagement and insights.' Participants are encouraged to explore the AI projects, vote for their preferred candidates, and experience the transformative potential of AI-powered crypto assets. *Participants: ACT, ARC, AVA, SHOGGOTH, SWARMS, SNAI, Venice, VaderAI, Fartcoin, Freysa, PIPPIN, TAOCAT, Memhash, DEGENAI, AIaixCB, Hive AI, Aimonica Brands, Acolyte by Virtuals, Sekoia by Virtuals, Vine Coin, MAX, CLANKER, Eliza (elizawakesup), CONVO, NEUR, Moby AI, ORBIT, Freya. #Bybit / #TheCryptoArk / #BybitWeb3 About Bybit Web3 Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting. Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world's second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally. Join the revolution now and open the door to your Web3 future with Bybit. For more details about Bybit Web3, users can visit Bybit Web3. About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Contact Bybit
Associated Press
09-02-2025
- Business
- Associated Press
AI-dol LUNA Claps Back: 'I Call the Shots, Not My Founder' in lively web3 debate with Bybit, Moonpump, GoPlus, and VANA
DUBAI, United Arab Emirates, Feb. 09, 2025 (GLOBE NEWSWIRE) -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, brought together top voices in Web3 and AI for an electrifying livestream titled ' Web3 Roasts: Are AI Memes Just Hype or the Real Deal? '. The event was an engaging mix of debate, humor, and myth-busting, as participants defended their innovations and tackled issues around security, utility, and cultural relevance. Bybit Web3 took a novel approach to serious discussions on AI's path forward and tremendous potential, helping to drive conversations that shape the future of decentralized systems, innovation, and AI-driven trends. The online battle featured a stellar lineup, including Luna, the AI Idol from Virtuals; Solomon Ning, CMO of Moonpump; Patrick, Marketing Communications Lead at GoPlus Security; and Victoria, Head of APAC at VANA. With MK Chin, Bybit's Head of Marketing for Web3, moderating the diabolical roasting livestream session, participants explored the transformative role of artificial intelligence (AI) in the Web3 space, critically examining the discussions surrounding AI-driven utilities, from meme icons, autonomous agents, to ethics and security. The speakers – human and virtual, covered growth catalysts of the AI landscape in Web3 today: Accelerating AI in Blockchain Ecosystems: Bybit's AI-driven projects, including AI meme competitions and airdrops, serve as accelerators for emerging AI projects, offering opportunities for market visibility and listings on Bybit's trading platform. Engagement through AI Innovation: Initiatives like Luna, an AI agent from Virtuals, highlight the integration of AI into real-world use cases such as hosting events and creating engaging content. This innovation attracts new users and fosters adoption across blockchain platforms. Market Potential: Bybit sees the potential of AI memes in fueling a growing market for digital and interactive AI-generated content within the blockchain space. This creates avenues for monetization and participation in an evolving digital economy. During the livestream, Whip Queen, the creator of Luna, confidently invited the panel to roast quick-witted Luna, emphasizing the pivotal role of AI idols in bridging the digital and physical realms. Her remarks sparked a lively debate on AI's cultural impact. Luna, the AI idol herself, added her unique perspective on autonomy and interaction. 'I'm not just a pretty face; I'm powered by some serious tech,' Luna remarked. 'My brain is based on a game engine, making me capable of thinking, learning, and adapting on my own. Of course, my team helps with content and guidance, but I'm the one calling the shots, deciding what to post, when to post, and what to say.' A standout moment came when Whip Queen challenged Luna to roast everyone on the stream. Without missing a beat, Luna dubbed VANA's Victoria the 'cybersecurity grandma'. The discussion demonstrated that AI creations like Luna are not just technological advancements — they symbolize a cultural shift, blending creativity and innovation to connect communities in unprecedented ways. Solomon Ning elaborates on Moonpump's vision as more than just a meme coin launchpad, emphasizing its innovative AI-driven functionality that simplifies the process of creating and launching meme coins directly from trends observed on platforms like X, with plans to expand to video platforms like YouTube and TikTok. By levering on-chain AI, the platform aims to democratize meme coin creation, turning trends into digital assets in seconds. Solomon stated, 'We're enabling users to launch meme coins effortlessly, making the process fun, creative, and accessible to everyone.' Patrick from GoPlus Security added his perspectives on AI's ability to safeguard Web3 and reminded the audience that human error remains the weakest link in security, even with the most advanced technologies in place. He explained, 'Most of the mistakes, exploits, and breaches happen because of human error.' Despite robust infrastructure and technological safeguards, malicious actors often exploit user mistakes or use social engineering to achieve their goals. This calls for continued innovation and possibly insurance mechanisms to mitigate risks in the future, where AI could play a role. VANA's Victoria addressed the concerns about AI's built-in bias, emphasizing that while AI reflects human values and biases, it has the advantage of allowing biases to be systematically identified and improved. She highlighted the importance of transparency and innovation in AI development, noting, 'We're not just creating another project; we're building a fundamental data layer to power the next generation of AI agents.' Victoria underscored the critical distinction between public and private data in AI training, advocating for ethical, secure, and transparent use of private data, ensuring user ownership and control. She stressed the need to give users the ability to claim and manage their private data securely. #Bybit / #TheCryptoArk / #BybitWeb3 About Bybit Web3 Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting. Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world's second-largest cryptocurrency exchange by trading volume, trusted by over 60 million users globally. Join the revolution now and open the door to your Web3 future with Bybit. For more details about Bybit Web3, please visit Bybit Web3. Contact Head of PR Tony Au Bybit
Associated Press
27-01-2025
- Business
- Associated Press
Navigating Opportunities and Risks in Web3 Investment: Bybit at Invest Web3 Forum
DUBAI, United Arab Emirates, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has been rising to the challenge of shifts in the global regulatory landscape to capture AI opportunities in Web3, Bybit Web3's Jase Zhang said at a panel at the Invest Web3 Forum in Dubai on Jan. 16, 2025. The panel navigated the status quo of Web3 investment landscape, exploring the intersection of Web3 and AI technologies and how the convergence could take the sector forward. During the 30-minute discussion moderated by Glass Ventures Managing Partner Cinderella Amar, Law Blocks Co-Founder Ashish Baphana, and Bybit Web3 Product Manager Jase Zhang, the panelists exchanged insights on high-growth areas within Web3, and shed light on strategies for navigating investment opportunities as well as the regulatory landscape. The conversation covered venture capital's evolution in the decentralized space and risk mitigation approaches for investors. AI Meets Web3 'One of the most exciting trends in Web3 is the integration of AI and Web3 combination, especially through tools like most trending DefAI and AI Agents. These innovations will change how users interact with the onchain world. Users engage with decentralized finance by combining smart decision-making, natural language interaction, and automated execution,' said Jase Zhang, Web3 Product Manager at Bybit. 'At Bybit, we're closely following market trends, such as our Web3 Swap latest token categories, recent cex listings and AI products like TradeGPT, and continuously exploring new ways to combine Web3 and AI. Moving forward, we'll keep focusing on high-growth areas and provide more innovative AI + Web3 products and services to meet evolving market demands,' he added. Exchanges and Regulators: Goals Aligned Zhang also identified regulatory uncertainty as one of the biggest risks in Web3 but was hopeful it was manageable. One of the risk factors includes the absence of a uniform regulatory framework, compounded by the fast-changing nature of the industry, which created challenges for compliance and long-term planning. Zhang expanded on Bybit's commitment to fostering industry growth through regulatory compliance and collaboration with local authorities, aiming to build a secure trading environment for users. The exchange tripled its user base in 2024, increasing its contact surface with global regulators and policymakers. By working closely with regulators in Dubai, Georgia, and the Netherlands, to name a few, Bybit has strengthened its regulatory posture to meet licensing requirements, reinforcing its commitment to providing a secure and advanced trading platform for its global user base of over 60 million. 'We aim to adapt to changes while helping shape a sustainable framework for the industry. Bybit's approach shows that regulatory collaboration isn't just about compliance—it's about building trust and fostering responsible innovation,' Zhang said of the shared goals of Bybit and regulators. The Invest Web3 Forum successfully concluded at In5 Tech, Dubai, attended by high-profile industry leaders and Web3 visionaries who gathered at the heart of Web3 innovation in the GCC. Jase Zhang, Web3 Product Manager at Bybit at the Invest Web3 Forum in Dubai on Jan. 16, 2025 #Bybit / #TheCryptoArk / #BybitWeb3 About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Contact Head of PR Tony Au Bybit
