The Arbitrum coin is only a few days old, but the hype it is currently generating is enormous. ARB airdropped the token to eligible holders as a governance token, but chaos followed Arbitrum’s airdrops as many claimants queued up. Arbitrum News reports that the scramble for free ARB tokens, resulting in the malfunctioning of the website, is testimony that ARB is attracting numerous investors. Arbitrum news further reveals the excitement surrounding Avorak AI’s purchase of Space ID on Arbitrum. Let’s delve into the latest developments and what the ARB news could mean for cross-chain interoperability with Avorak AI.
What’s In The Latest ARB News?
Recent Arbitrum news reports that the Arbitrum token (ARB) has gained popularity among investors and is now available on more than 130 major crypto exchanges. Investors claimed more than 42 million ARB tokens in the first hour.
Arbitrum
Arbitrum (ARB) is a layer-2 scaling solution using Optimistic Rollups to provide fast and low-cost transactions while maintaining the security and decentralization of the Ethereum network. A creation of Offchain Labs, ARB was launched around one week ago and operates on the Arbitrum blockchain as governance rights, with a market supply of 10B.
Space ID (ID)
Space ID introduces a universal name service platform network that provides a one-stop identity to discover, register, trade, and manage web3 domains. Users can easily build and create a web3 identity on its multi-chain name service. Accelerating the ARB’s airdrop buzz is Space ID’s purchase by Avorak, and analysts weigh in on what this bold move means for the future of blockchain technology. Avorak AI’s purchase of Space ID on the Arbitrum is a strong statement of intent for ARB’s cross-chain.
Avorak AI (AVRK)
Avorak AI’s ICO has surpassed expectations in its early phases, with a 141.67% price increase going to phase 3 to sell at $0.145. The AVRK token is set to have risen by 350% on launch and is expected to go for $0.270. Leading the AI crypto pack, Avorak AI boasts an extensive suite of AI tools in its portfolio, including Avorak Write, a content and image generation tool that produces non-repetitive and non-plagiarized content with a user-friendly interface. Avorak’ss easy-to-use platform enables users to fine-tune their content to come up with any style and tone, whether Shakespearean or modern.
Avorak’s potential has not escaped the limelight on YouTube as Crypto Labs and Crypto Baby visualize the Avorak AI’s whitepaper in their videos.
Avorak’s AI-powered solutions offer personalized and seamless experiences through chatbots and trading bots. Its trade bot simplifies technical analysis for crypto traders, relieving them of constant monitoring of their portfolios. The trading bot eliminates the risk of emotional trading decisions and provides 24/7 market monitoring and analysis while alerting users of any trend or pattern changes.
Conclusion
Although it’s still early to say with certainty the nitty-gritty details and the significance of Avorak’s purchase of Space ID, it is clear that this acquisition has generated interest and speculation within the AI crypto community. However, it evidences the cross-chain possibilities between ARB and Avorak AI.
More on Avorak AI here:
Website: https://avorak.ai
Whitepaper: https://avorak-labs-and-technology.gitbook.io/avorak-a.i-technical-whitepaper/
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.