Mdgmal

النقاط الرئيسية

تحدث إعادة الرهن عندما يستخدم المقرض الضمان المقدم من مستخدميه لتأمين قروضه الخاصة أو توليد عائد مع أطراف ثالثة.

بينما يزيد من السيولة ويسمح للمنصات بتقديم معدلات فائدة مرتفعة، فإنه يخلق أيضًا سلسلة معقدة من الاعتماد المالي.

الخطر الرئيسي لإعادة الرهن يحدث عندما يتعثر مقترض من طرف ثالث، مما يؤدي إلى أن يصبح المقرض الأساسي مفلسًا ويترك المودعين غير قادرين على سحب أموالهم.

يمكن للمستثمرين تقليل المخاطر من خلال الحفظ الذاتي. من المهم أيضًا فهم شروط الخدمة والتعرف على المقايضة بين العائد المرتفع والأمان.

النقاط الرئيسية

تسمح CLMMs لمزودي السيولة بتحديد نطاقات أسعار محددة لأصولهم بدلاً من توزيعها عبر جميع الأسعار الممكنة.

يمكن أن يقدم هذا النموذج كفاءة أفضل من خلال تركيز الأموال حيث يحدث التداول فعليًا، مما يعني أن المزودين يمكنهم كسب المزيد من الرسوم بنفس مقدار رأس المال.

على عكس النماذج التقليدية، تتطلب CLMMs من المستخدمين مراقبة السوق بشكل أكثر تكرارًا. إذا ترك السعر النطاق المحدد المخصص، فإنهم يتوقفون عن كسب الرسوم.

بينما العوائد المحتملة أعلى، فإن خطر الخسارة غير الدائمة يمكن أن يكون أيضًا أكبر إذا تحرك السوق بسرعة ضد مركزك.

النقاط الرئيسية

تسمح CLMMs لمزودي السيولة بتحديد نطاقات أسعار محددة لأصولهم بدلاً من توزيعها عبر جميع الأسعار الممكنة.

يمكن أن يقدم هذا النموذج كفاءة أفضل من خلال تركيز الأموال حيث يحدث التداول فعليًا، مما يعني أن المزودين يمكنهم كسب المزيد من الرسوم بنفس مقدار رأس المال.

على عكس النماذج التقليدية، تتطلب CLMMs من المستخدمين مراقبة السوق بشكل أكثر تكرارًا. إذا ترك السعر النطاق المحدد المخصص، فإنهم يتوقفون عن كسب الرسوم.

بينما العوائد المحتملة أعلى، فإن خطر الخسارة غير الدائمة يمكن أن يكون أيضًا أكبر إذا تحرك السوق بسرعة ضد مركزك.

Key Takeaways

An Ethereum Improvement Proposal (EIP) is a formal document used to suggest new features or changes to the Ethereum network.

EIPs are the primary mechanism for community governance and protocol upgrades in Ethereum’s decentralized ecosystem.

Vitalik Buterin and other core developers review these proposals to guide the protocol's development.

Experienced developers, including founder Vitalik Buterin, review these documents to make sure the network continues to develop safely and effectively.

Introduction

Ethereum is a decentralized network that relies on a global community of developers and stakeholders to make decisions. Unlike centralized software companies, where a board of directors controls decisions and updates, Ethereum uses a collaborative process to implement changes.

The Ethereum Improvement Proposal (EIP) is the standard method for proposing, debating, and implementing these changes.

How EIPs Function in Governance

The EIP process is central to how decisions are made on the decentralized network. While code governs the execution of smart contracts, the evolution of that code requires human judgment and coordination.

In the early days of Ethereum, governance challenges were highlighted by the DAO incident, where a vulnerability led to big losses. The community had to debate what to do. Eventually, they decided to perform a hard fork to fix (revert) the damage. This proved that rules written in code aren't always perfect and that human judgment is necessary in certain situations.

Today, leaders like Vitalik Buterin still help guide these changes by reviewing EIPs and sharing research, but the process is open for the whole community to join in.

Real-World Example: EIP-1559

To understand the impact of an EIP, it is helpful to look at a major standard that changed the network's economics: EIP-1559.

Implemented during the London Hard Fork in 2021, EIP-1559 revamped the gas pricing mechanism. Before this upgrade, users had to guess how much to pay validators, often leading to overpayment or delayed transactions.

EIP-1559 introduced a more predictable formula involving two components:

Base Fee: A minimum amount of gas required for a transaction. Crucially, this fee is "burned" (removed from circulation), which reduces the total supply of Ether over time.

Priority Fee (Tip): An optional extra payment you give directly to validators to get your transaction processed faster.

Since the EIP-1559 proposal, the base fee is calculated automatically based on network congestion, which helps make costs more stable and predictable to users.

The Role of Consensus and Upgrades

EIPs are not just about code; they are about consensus. Proposals often undergo rigorous debate before being accepted.

For example, the transition from Proof of Work (PoW) to Proof of Stake (PoS), known as "The Merge", was the result of years of development and discussion involving technical specifications and validator design. Vitalik Buterin played an active role in these discussions, helping to explain the transition's purpose to the wider audience.

While some proposals result in "soft forks" (backward-compatible changes), others, like the response to the DAO hack or major upgrades, may require "hard forks".

Closing Thoughts

Ethereum Improvement Proposals are the roadmap for Ethereum’s future. They offer a clear, organized way for anyone to suggest how to make the blockchain better. Whether it is adjusting how fees work (like EIP-1559) or completely changing the engine of the network (like The Merge), EIPs are the bridge between human ideas and technical progress.

Further Reading

How Do Gas Fees Work on Ethereum? 

What Is the Ethereum Pectra Upgrade? 

The Merge Ethereum Upgrade: All You Need To Know 

Who Is Vitalik Buterin?

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.

Key Takeaways

An Ethereum Improvement Proposal (EIP) is a formal document used to suggest new features or changes to the Ethereum network.

EIPs are the primary mechanism for community governance and protocol upgrades in Ethereum’s decentralized ecosystem.

Vitalik Buterin and other core developers review these proposals to guide the protocol's development.

Experienced developers, including founder Vitalik Buterin, review these documents to make sure the network continues to develop safely and effectively.

Introduction

Ethereum is a decentralized network that relies on a global community of developers and stakeholders to make decisions. Unlike centralized software companies, where a board of directors controls decisions and updates, Ethereum uses a collaborative process to implement changes.

The Ethereum Improvement Proposal (EIP) is the standard method for proposing, debating, and implementing these changes.

How EIPs Function in Governance

The EIP process is central to how decisions are made on the decentralized network. While code governs the execution of smart contracts, the evolution of that code requires human judgment and coordination.

In the early days of Ethereum, governance challenges were highlighted by the DAO incident, where a vulnerability led to big losses. The community had to debate what to do. Eventually, they decided to perform a hard fork to fix (revert) the damage. This proved that rules written in code aren't always perfect and that human judgment is necessary in certain situations.

Today, leaders like Vitalik Buterin still help guide these changes by reviewing EIPs and sharing research, but the process is open for the whole community to join in.

Real-World Example: EIP-1559

To understand the impact of an EIP, it is helpful to look at a major standard that changed the network's economics: EIP-1559.

Implemented during the London Hard Fork in 2021, EIP-1559 revamped the gas pricing mechanism. Before this upgrade, users had to guess how much to pay validators, often leading to overpayment or delayed transactions.

EIP-1559 introduced a more predictable formula involving two components:

Base Fee: A minimum amount of gas required for a transaction. Crucially, this fee is "burned" (removed from circulation), which reduces the total supply of Ether over time.

Priority Fee (Tip): An optional extra payment you give directly to validators to get your transaction processed faster.

Since the EIP-1559 proposal, the base fee is calculated automatically based on network congestion, which helps make costs more stable and predictable to users.

The Role of Consensus and Upgrades

EIPs are not just about code; they are about consensus. Proposals often undergo rigorous debate before being accepted.

For example, the transition from Proof of Work (PoW) to Proof of Stake (PoS), known as "The Merge", was the result of years of development and discussion involving technical specifications and validator design. Vitalik Buterin played an active role in these discussions, helping to explain the transition's purpose to the wider audience.

While some proposals result in "soft forks" (backward-compatible changes), others, like the response to the DAO hack or major upgrades, may require "hard forks".

Closing Thoughts

Ethereum Improvement Proposals are the roadmap for Ethereum’s future. They offer a clear, organized way for anyone to suggest how to make the blockchain better. Whether it is adjusting how fees work (like EIP-1559) or completely changing the engine of the network (like The Merge), EIPs are the bridge between human ideas and technical progress.

Further Reading

How Do Gas Fees Work on Ethereum? 

What Is the Ethereum Pectra Upgrade? 

The Merge Ethereum Upgrade: All You Need To Know 

Who Is Vitalik Buterin?

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.

Key Takeaways

Kite is developing a blockchain platform for agentic payments, enabling autonomous AI agents to transact with verifiable identity and programmable governance.

The Kite blockchain is an EVM-compatible Layer 1 network designed for real-time transactions and coordination among AI agents.

The platform features a three-layer identity system that separates users, agents, and sessions to enhance security and control.

KITE is the network’s native token. The token’s utility launches in two phases, beginning with ecosystem participation and incentives, and later adding staking, governance, and fee-related functions.

What Is Kite?

Kite is an EVM-compatible Layer 1 blockchain designed for agentic payments, enabling you to create and manage autonomous artificial intelligence (AI) agents. The platform provides a secure and verifiable environment where agents can hold unique identities, process payments, and operate according to programmable rules defined by their users.

AI Agents

AI agents are autonomous programs that can perform tasks, make decisions, and manage digital interactions on your behalf. While most existing agents can generate content or analyze data, they typically rely on centralized platforms and may lack the means to handle financial transactions independently.

Kite is developing the infrastructure that provides AI agents with verifiable identities, permission controls, and programmable rules that define how they operate. With state channel payment rails, Kite aims to enable AI agents to send and receive real-time, low-cost micropayments securely across the network.

The Kite blockchain

The Kite blockchain uses a Proof of Stake (PoS) consensus mechanism to support real-time and low-cost transactions. The network acts as the coordination layer for autonomous AI agents, enabling fast payments, secure data attribution, and on-chain reputation tracking.

Kite features a modular ecosystem called Modules, where users can access or host AI services, including datasets, models, and computational tools. Each module connects to the main blockchain for settlement and governance, forming an open marketplace where developers can publish, deploy, and monetize their work. 

Modules operate as semi-independent communities, focusing on specific use cases such as large-scale data processing, privacy-preserving computation, or AI model training. Module owners oversee membership, invite contributors, and manage the distribution of rewards.

Participants can earn KITE, the network’s native token, based on their involvement in the ecosystem. Contributors who build or provide AI services are rewarded for the usage of their assets. Module owners receive income tied to on-chain activity within their modules, and validators earn staking rewards for maintaining network security.

Architecture

Kite uses a three-layer identity architecture that defines how users, agents, and sessions interact within the network.

User: The user is the main owner and source of trust. They manage the master wallet, set overall policies, and decide what their AI agents can do. All permissions and spending limits originate from the user’s authority. 

Agent: Each agent receives its own wallet address, derived from the user’s master key, using the BIP-32 standard, a protocol that allows for the secure creation of multiple linked wallets from a single root key. This allows users to delegate control safely without sharing private keys.

Session: A session is a temporary identity for short-lived actions, such as a single payment or API call. Session keys are randomly generated and expire after each use, reducing exposure in the event of a compromise.

If a session key is compromised, it only impacts a single interaction. If an agent’s key is exposed, its actions are still restricted by the user’s predefined rules. This layered design provides multi-level protection, while each interaction also contributes to a shared reputation system that reinforces trust across the network.

Payment Rails

Kite introduces payment rails designed for AI agents, using state channels to enable fast and efficient transactions. Instead of going through multiple intermediaries, agents can transact directly through secure, off-chain channels. 

Only the opening and closing of each channel are recorded on-chain, while all other transactions occur instantly between participants. This design supports microtransactions, making it easier for autonomous agents to exchange value, pay for services, or access data in a verifiable and scalable manner.

Use Cases

Kite can support a variety of applications by enabling automated payments and authenticated AI transactions, including:

Retail transactions: AI agents can handle online shopping for consumers, with Kite enabling secure delegation and verified payments through the Kite Passport and the Kite Payment API.

Manufacturing: Manufacturers can automate sourcing and supplier orders using AI agents, while Kite provides delegation proof and stablecoin payments to reduce foreign exchange costs. 

Portfolio management: AI agents can manage portfolios automatically, with Kite adding programmable risk controls and guardrails for safer and more transparent trading.

Digital services: AI agents can pay for APIs, data, and tools directly, using the Kite Passport and the Layer 1 blockchain for stablecoin transactions.

The KITE Token

KITE is the native token of the Kite protocol, with a maximum supply of 10 billion tokens. The token’s features will be introduced in two phases to support early participation and long-term ecosystem growth, with the second phase launching alongside the mainnet.

Phase 1

Liquidity: Module owners must lock KITE in liquidity pools paired with their module tokens to activate and maintain their modules.

Ecosystem access: Builders and AI service providers need to hold KITE to participate in the ecosystem.

Incentives: A portion of KITE is distributed to users and businesses that contribute value to the network

Phase 2

AI service commissions: The protocol converts a small fee from AI service transactions into KITE and then redistributes it to modules and the Kite Layer 1 blockchain.

Staking: Users can stake KITE to secure the network and earn rewards. Module owners, validators, and delegators align their incentives by staking on specific modules they support.

Governance: KITE holders can participate in governance by voting on proposals related to protocol upgrades, incentive programs, and performance standards.

Kite (KITE) on Binance Launchpool

On October 31, 2025, Binance announced KITE as the 71st project on the Binance Launchpool. Users who locked their BNB, FDUSD, and USDC during the farming period were eligible to receive KITE rewards. A total of 150 million KITE tokens were allocated to the program, accounting for 1.5% of the total token supply.

After the farming period, KITE will be listed for trading on Binance with the Seed Tag applied, allowing for trading against the USDT, USDC, BNB, and TRY pairs.

Closing Thoughts

Kite is a Layer 1 blockchain to support the integration of AI agents into digital economies. With features such as verifiable identity, programmable governance, and real-time payments, the platform allows these agents to operate securely and transparently. Kite’s modular design connects users, developers, and validators, creating an open framework where AI agents can transact and collaborate within on-chain environments. 

Further Reading

Blockchain Layer 1 vs. Layer 2 Scaling Solutions

Top 6 Artificial Intelligence (AI) Cryptocurrencies

What Are Appchains (Application-Specific Blockchains)?

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.

Key Takeaways

Kite is developing a blockchain platform for agentic payments, enabling autonomous AI agents to transact with verifiable identity and programmable governance.

The Kite blockchain is an EVM-compatible Layer 1 network designed for real-time transactions and coordination among AI agents.

The platform features a three-layer identity system that separates users, agents, and sessions to enhance security and control.

KITE is the network’s native token. The token’s utility launches in two phases, beginning with ecosystem participation and incentives, and later adding staking, governance, and fee-related functions.

What Is Kite?

Kite is an EVM-compatible Layer 1 blockchain designed for agentic payments, enabling you to create and manage autonomous artificial intelligence (AI) agents. The platform provides a secure and verifiable environment where agents can hold unique identities, process payments, and operate according to programmable rules defined by their users.

AI Agents

AI agents are autonomous programs that can perform tasks, make decisions, and manage digital interactions on your behalf. While most existing agents can generate content or analyze data, they typically rely on centralized platforms and may lack the means to handle financial transactions independently.

Kite is developing the infrastructure that provides AI agents with verifiable identities, permission controls, and programmable rules that define how they operate. With state channel payment rails, Kite aims to enable AI agents to send and receive real-time, low-cost micropayments securely across the network.

The Kite blockchain

The Kite blockchain uses a Proof of Stake (PoS) consensus mechanism to support real-time and low-cost transactions. The network acts as the coordination layer for autonomous AI agents, enabling fast payments, secure data attribution, and on-chain reputation tracking.

Kite features a modular ecosystem called Modules, where users can access or host AI services, including datasets, models, and computational tools. Each module connects to the main blockchain for settlement and governance, forming an open marketplace where developers can publish, deploy, and monetize their work. 

Modules operate as semi-independent communities, focusing on specific use cases such as large-scale data processing, privacy-preserving computation, or AI model training. Module owners oversee membership, invite contributors, and manage the distribution of rewards.

Participants can earn KITE, the network’s native token, based on their involvement in the ecosystem. Contributors who build or provide AI services are rewarded for the usage of their assets. Module owners receive income tied to on-chain activity within their modules, and validators earn staking rewards for maintaining network security.

Architecture

Kite uses a three-layer identity architecture that defines how users, agents, and sessions interact within the network.

User: The user is the main owner and source of trust. They manage the master wallet, set overall policies, and decide what their AI agents can do. All permissions and spending limits originate from the user’s authority. 

Agent: Each agent receives its own wallet address, derived from the user’s master key, using the BIP-32 standard, a protocol that allows for the secure creation of multiple linked wallets from a single root key. This allows users to delegate control safely without sharing private keys.

Session: A session is a temporary identity for short-lived actions, such as a single payment or API call. Session keys are randomly generated and expire after each use, reducing exposure in the event of a compromise.

If a session key is compromised, it only impacts a single interaction. If an agent’s key is exposed, its actions are still restricted by the user’s predefined rules. This layered design provides multi-level protection, while each interaction also contributes to a shared reputation system that reinforces trust across the network.

Payment Rails

Kite introduces payment rails designed for AI agents, using state channels to enable fast and efficient transactions. Instead of going through multiple intermediaries, agents can transact directly through secure, off-chain channels. 

Only the opening and closing of each channel are recorded on-chain, while all other transactions occur instantly between participants. This design supports microtransactions, making it easier for autonomous agents to exchange value, pay for services, or access data in a verifiable and scalable manner.

Use Cases

Kite can support a variety of applications by enabling automated payments and authenticated AI transactions, including:

Retail transactions: AI agents can handle online shopping for consumers, with Kite enabling secure delegation and verified payments through the Kite Passport and the Kite Payment API.

Manufacturing: Manufacturers can automate sourcing and supplier orders using AI agents, while Kite provides delegation proof and stablecoin payments to reduce foreign exchange costs. 

Portfolio management: AI agents can manage portfolios automatically, with Kite adding programmable risk controls and guardrails for safer and more transparent trading.

Digital services: AI agents can pay for APIs, data, and tools directly, using the Kite Passport and the Layer 1 blockchain for stablecoin transactions.

The KITE Token

KITE is the native token of the Kite protocol, with a maximum supply of 10 billion tokens. The token’s features will be introduced in two phases to support early participation and long-term ecosystem growth, with the second phase launching alongside the mainnet.

Phase 1

Liquidity: Module owners must lock KITE in liquidity pools paired with their module tokens to activate and maintain their modules.

Ecosystem access: Builders and AI service providers need to hold KITE to participate in the ecosystem.

Incentives: A portion of KITE is distributed to users and businesses that contribute value to the network

Phase 2

AI service commissions: The protocol converts a small fee from AI service transactions into KITE and then redistributes it to modules and the Kite Layer 1 blockchain.

Staking: Users can stake KITE to secure the network and earn rewards. Module owners, validators, and delegators align their incentives by staking on specific modules they support.

Governance: KITE holders can participate in governance by voting on proposals related to protocol upgrades, incentive programs, and performance standards.

Kite (KITE) on Binance Launchpool

On October 31, 2025, Binance announced KITE as the 71st project on the Binance Launchpool. Users who locked their BNB, FDUSD, and USDC during the farming period were eligible to receive KITE rewards. A total of 150 million KITE tokens were allocated to the program, accounting for 1.5% of the total token supply.

After the farming period, KITE will be listed for trading on Binance with the Seed Tag applied, allowing for trading against the USDT, USDC, BNB, and TRY pairs.

Closing Thoughts

Kite is a Layer 1 blockchain to support the integration of AI agents into digital economies. With features such as verifiable identity, programmable governance, and real-time payments, the platform allows these agents to operate securely and transparently. Kite’s modular design connects users, developers, and validators, creating an open framework where AI agents can transact and collaborate within on-chain environments. 

Further Reading

Blockchain Layer 1 vs. Layer 2 Scaling Solutions

Top 6 Artificial Intelligence (AI) Cryptocurrencies

What Are Appchains (Application-Specific Blockchains)?

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.

Key Takeaways

Story (IP) is a blockchain platform specifically designed to build a peer-to-peer intellectual property (IP) network.

It provides a universal ledger for registering, exchanging, and monetizing knowledge and creative assets without relying on centralized intermediaries.

Story features a multi-core architecture, including specialized execution cores that handle intellectual property as a native asset class.

The platform enables programmable IP markets and supports the integration of artificial intelligence (AI) by acting as a settlement layer for AI transactions involving intellectual property.

Its native token, IP, facilitates transactions, staking, and incentivizes honest participation within the network.

Introduction

In today's digital world, intellectual property plays an important role in creativity, innovation, and knowledge sharing. But traditional IP systems often depend on centralized institutions, which can create inefficiencies and limit the fair monetization and exchange of intellectual assets.

Story (IP) aims to address these challenges by offering a blockchain protocol that enables individuals and entities to register, trade, and monetize intellectual property assets directly, transparently, and programmatically.

What Is Story (IP)?

Story is a blockchain network designed to create a programmable marketplace for knowledge and creativity. It allows intellectual property assets (e.g., creative works, scientific data, machine learning models, etc.) to be represented and exchanged as native digital assets on an open ledger.

Story offers a universal repository for IP assets combined with a programmable market where these assets can be traded, licensed, or monetized under customizable terms set by their owners. This peer-to-peer system removes the need for intermediaries and reduces transaction costs, increasing the accessibility and liquidity of intellectual property.

How Does Story Work?

Multi-core architecture

Story uses a multi-core execution environment, with a main core compatible with Ethereum Virtual Machine (EVM) and multiple other specialized cores. One key specialized core is the Intellectual Property (IP) core, which manages IP registration, licensing, and economic relationships on-chain. This core supports complex IP graphs that track ownership, licenses, and derivations of assets.

Proof of Creativity Protocol

Built on the IP core, the Proof of Creativity (PoC) protocol serves as an open IP repository. It records the genealogy of intellectual property assets as they evolve, are expanded, and monetized across applications. PoC introduces programmable licenses and royalty modules, allowing IP holders to automate licensing terms and revenue sharing. This structure ensures transparent and fair compensation throughout the value chain of any IP asset.

The IP Token

The native IP token is used as the medium of exchange within the Story network. It enables payment of fees, incentivizes validators who maintain the network’s security through staking, and facilitates economic flows related to intellectual property usage, such as royalties and licensing fees. The IP token also supports AI-related transactions and communications between autonomous agents operating within the network.

Cross-chain and off-chain integrations

Story supports cross-chain communication, allowing IP assets to be used across blockchains and decentralized finance (DeFi) platforms without losing ownership or control. It also integrates oracles and off-chain services that attest to IP authenticity, validate ownership, and assist with legal disputes.

Use Cases and Applications

Story’s framework enables a variety of novel use cases in the intellectual property and AI domains:

Universal market for intellectual property: Allows direct, programmable peer-to-peer IP transactions, which can include licensing, revenue sharing, and fractionalization of IP assets.

AI model and dataset markets: Registers and monetizes AI training datasets, foundation models, and fine-tuning packages.

Agent-based commerce: Enables autonomous AI agents to negotiate, license, and transact IP assets on behalf of users in a trustless way.

Legal and compliance: Through programmable licenses and off-chain attestations, Story can create enforceable agreements and dispute resolution mechanisms.

Closing Thoughts

Story offers a new model for intellectual property management using blockchain technology. By creating a decentralized network, Story can help reduce dependence on central authorities and improve transparency, fairness, and efficiency in IP management.

Further Reading

Top 6 Artificial Intelligence (AI) Cryptocurrencies

What Is NEAR Protocol (NEAR)?

What Is Bittensor (TAO)? 

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.

Key Takeaways

Story (IP) is a blockchain platform specifically designed to build a peer-to-peer intellectual property (IP) network.

It provides a universal ledger for registering, exchanging, and monetizing knowledge and creative assets without relying on centralized intermediaries.

Story features a multi-core architecture, including specialized execution cores that handle intellectual property as a native asset class.

The platform enables programmable IP markets and supports the integration of artificial intelligence (AI) by acting as a settlement layer for AI transactions involving intellectual property.

Its native token, IP, facilitates transactions, staking, and incentivizes honest participation within the network.

Introduction

In today's digital world, intellectual property plays an important role in creativity, innovation, and knowledge sharing. But traditional IP systems often depend on centralized institutions, which can create inefficiencies and limit the fair monetization and exchange of intellectual assets.

Story (IP) aims to address these challenges by offering a blockchain protocol that enables individuals and entities to register, trade, and monetize intellectual property assets directly, transparently, and programmatically.

What Is Story (IP)?

Story is a blockchain network designed to create a programmable marketplace for knowledge and creativity. It allows intellectual property assets (e.g., creative works, scientific data, machine learning models, etc.) to be represented and exchanged as native digital assets on an open ledger.

Story offers a universal repository for IP assets combined with a programmable market where these assets can be traded, licensed, or monetized under customizable terms set by their owners. This peer-to-peer system removes the need for intermediaries and reduces transaction costs, increasing the accessibility and liquidity of intellectual property.

How Does Story Work?

Multi-core architecture

Story uses a multi-core execution environment, with a main core compatible with Ethereum Virtual Machine (EVM) and multiple other specialized cores. One key specialized core is the Intellectual Property (IP) core, which manages IP registration, licensing, and economic relationships on-chain. This core supports complex IP graphs that track ownership, licenses, and derivations of assets.

Proof of Creativity Protocol

Built on the IP core, the Proof of Creativity (PoC) protocol serves as an open IP repository. It records the genealogy of intellectual property assets as they evolve, are expanded, and monetized across applications. PoC introduces programmable licenses and royalty modules, allowing IP holders to automate licensing terms and revenue sharing. This structure ensures transparent and fair compensation throughout the value chain of any IP asset.

The IP Token

The native IP token is used as the medium of exchange within the Story network. It enables payment of fees, incentivizes validators who maintain the network’s security through staking, and facilitates economic flows related to intellectual property usage, such as royalties and licensing fees. The IP token also supports AI-related transactions and communications between autonomous agents operating within the network.

Cross-chain and off-chain integrations

Story supports cross-chain communication, allowing IP assets to be used across blockchains and decentralized finance (DeFi) platforms without losing ownership or control. It also integrates oracles and off-chain services that attest to IP authenticity, validate ownership, and assist with legal disputes.

Use Cases and Applications

Story’s framework enables a variety of novel use cases in the intellectual property and AI domains:

Universal market for intellectual property: Allows direct, programmable peer-to-peer IP transactions, which can include licensing, revenue sharing, and fractionalization of IP assets.

AI model and dataset markets: Registers and monetizes AI training datasets, foundation models, and fine-tuning packages.

Agent-based commerce: Enables autonomous AI agents to negotiate, license, and transact IP assets on behalf of users in a trustless way.

Legal and compliance: Through programmable licenses and off-chain attestations, Story can create enforceable agreements and dispute resolution mechanisms.

Closing Thoughts

Story offers a new model for intellectual property management using blockchain technology. By creating a decentralized network, Story can help reduce dependence on central authorities and improve transparency, fairness, and efficiency in IP management.

Further Reading

Top 6 Artificial Intelligence (AI) Cryptocurrencies

What Is NEAR Protocol (NEAR)?

What Is Bittensor (TAO)? 

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.

النقاط الرئيسية

Bittensor هي منصة لامركزية تتيح إنشاء أسواق سلع مدفوعة بالحوافز، تركز بشكل أساسي على الذكاء الاصطناعي (AI).

رمزه الأصلي يسمى TAO، ويستخدم كمكافأة للمشاركين الذين يساهمون بالموارد الحاسوبية، والتحقق، وخلق السوق.

تتكون المنصة من شبكات فرعية مختلفة، وهي مجتمعات أصغر تعمل على مهام محددة في الذكاء الاصطناعي مع المعدنين (الذين يوفرون الموارد) والمدققين (الذين يتحققون من العمل).

تستخدم Bittensor طريقة إجماع تسمى إجماع يما للاتفاق على جودة مهام الذكاء الاصطناعي دون وضع كل البيانات مباشرة على البلوكشين.

النقاط الرئيسية

Bittensor هي منصة لامركزية تتيح إنشاء أسواق سلع مدفوعة بالحوافز، تركز بشكل أساسي على الذكاء الاصطناعي (AI).

رمزه الأصلي يسمى TAO، ويستخدم كمكافأة للمشاركين الذين يساهمون بالموارد الحاسوبية، والتحقق، وخلق السوق.

تتكون المنصة من شبكات فرعية مختلفة، وهي مجتمعات أصغر تعمل على مهام محددة في الذكاء الاصطناعي مع المعدنين (الذين يوفرون الموارد) والمدققين (الذين يتحققون من العمل).

تستخدم Bittensor طريقة إجماع تسمى إجماع يما للاتفاق على جودة مهام الذكاء الاصطناعي دون وضع كل البيانات مباشرة على البلوكشين.

النقاط الرئيسية

إن Enso هي شبكة لامركزية من الطبقة 1 مصممة لتبسيط كيفية تفاعل المطورين مع العقود الذكية عبر عدة سلاسل كتل وعمليات تجميع.

البروتوكول يستخدم توافق Tendermint ويعمل كطبقة تنسيق تقوم بتجميع الشيفرة التنفيذية للعقود الذكية عبر سلاسل مختلفة.

تتميز الشبكة بأربعة أدوار للمشاركين: المستهلكون، مزودو الإجراءات، الرسامون، والمدققون.

تقدم Enso حالة شبكة مشتركة حيث يتم تقديم تجريدات العقود الذكية، المعروفة بالإجراءات، من قبل المطورين ويتم دمجها بواسطة الرسامين لإنتاج حلول قابلة للتنفيذ.

النقاط الرئيسية

إن Enso هي شبكة لامركزية من الطبقة 1 مصممة لتبسيط كيفية تفاعل المطورين مع العقود الذكية عبر عدة سلاسل كتل وعمليات تجميع.

البروتوكول يستخدم توافق Tendermint ويعمل كطبقة تنسيق تقوم بتجميع الشيفرة التنفيذية للعقود الذكية عبر سلاسل مختلفة.

تتميز الشبكة بأربعة أدوار للمشاركين: المستهلكون، مزودو الإجراءات، الرسامون، والمدققون.

تقدم Enso حالة شبكة مشتركة حيث يتم تقديم تجريدات العقود الذكية، المعروفة بالإجراءات، من قبل المطورين ويتم دمجها بواسطة الرسامين لإنتاج حلول قابلة للتنفيذ.

Key Takeaways

Walrus is a decentralized storage and data availability protocol designed for blockchain applications and autonomous agents.

The protocol provides a cost-effective, composable storage layer for large, unstructured data, such as media files, AI datasets, and blockchain archives.

Walrus uses an innovative erasure-coding algorithm called Red Stuff, achieving fast recovery with minimal replication overhead.

Walrus Sites demonstrate how developers can host fully decentralized web experiences directly on Sui and Walrus, without relying on centralized infrastructure.

What Is Walrus?

Walrus is a decentralized storage and data availability network designed for blockchain and AI-driven applications. The protocol provides a scalable, verifiable way to store large files, such as images, videos, and datasets, that would otherwise be costly and inefficient to store directly on-chain.

Walrus is built on the Sui blockchain, and the platform integrates with Sui’s smart contract environment to offer developers flexible, reliable storage capabilities. Originally developed by Mysten Labs, Walrus is an independent decentralized network governed by its native token, WAL, and supported by the Walrus Foundation.

How Walrus Works

Encoding and off-chain storage 

When data is uploaded to Walrus, it is split into smaller pieces, known as slivers, using Red Stuff, the network’s custom erasure-coding algorithm. Red Stuff improves efficiency by distributing these encoded fragments across multiple storage nodes rather than storing complete copies on each one.

These storage nodes are periodically required to verify that they still hold their assigned fragments, helping to maintain ongoing availability. Even if several nodes go offline, the original data can be rebuilt from a subset of slivers. This approach allows Walrus to maintain resilience with fewer data copies than the full replication typically required in traditional blockchains.

On-chain metadata 

In Walrus, large files are stored as blobs, which refer to bundles of unstructured data such as images, videos, or datasets. Instead of placing these large blobs directly on the blockchain, Walrus stores only their metadata and proofs of availability on the Sui blockchain.

Proofs of availability are cryptographic records that confirm storage nodes are still holding their assigned data fragments. These proofs allow anyone to verify that a blob remains accessible without downloading or inspecting the full file.  

Developers can use Sui smart contracts, written in the Move programming language, to reference and validate these stored blobs directly within their applications.

Data retrieval 

When you request a stored file, an aggregator gathers the required slivers from multiple nodes and reconstructs the original data. The retrieved content can then be delivered through a content delivery network (CDN) or cache for faster access. Because only small fragments are transferred and recombined, the retrieval process remains efficient even for large datasets.

Walrus Sites

Walrus Sites are decentralized websites hosted directly on the Walrus and Sui networks, providing an alternative to traditional web hosting. Developers can upload static files through the site-builder tool, and the content is stored permanently on the network.

Each site is tied to a Sui address, can be associated with NFTs, and supports SuiNS for simple, human-readable names. Because the content is stored across decentralized nodes, it remains available and resistant to censorship. While Walrus Sites are static by design, developers can connect wallets and use smart contracts to add interactive features and on-chain functionality.

Use Cases

Walrus can be integrated with other blockchains to support applications that require decentralized and scalable data storage, including:

NFTs and DApps: Walrus can store and deliver media files such as images, videos, and audio. These files are accessible through HTTP requests, allowing developers to build multimedia decentralized applications (DApps).

Artificial intelligence: Walrus can be used to store verified datasets, AI model weights, and proofs of correct training, helping ensure the availability and authenticity of AI data and outputs.

Blockchain data archiving: Walrus can function as an alternative storage layer for blockchain history. For example, the network can store Sui’s checkpoints, transaction records, and historical snapshots of blockchain states.

Data availability: Walrus supports Layer 2 networks by certifying the availability of off-chain data, such as blobs, validity proofs, and zero-knowledge proofs (ZKPs), required for verification and auditing.

Decentralized web hosting: Walrus can host complete decentralized websites, allowing both front-end and back-end components to operate fully on-chain.

The WAL Token

WAL is the native token of the Walrus protocol, built on the Sui blockchain. WAL has a maximum supply of 5 billion tokens and follows a deflationary model that reduces supply through token-burning mechanisms. It’s used within the ecosystem for many purposes, including:

Payment: WAL is the payment token for data storage on Walrus. Users can pay upfront for storage, and the WAL is distributed over time to nodes and stakers as rewards.

Security: WAL supports network security through delegated staking. Users can stake or delegate tokens to storage nodes and earn rewards based on node performance. When slashing is introduced, penalties will apply to underperforming nodes.   

Governance: WAL holders can participate in network governance by voting on key parameters and penalty settings. 

Walrus (WAL) on Binance HODLer Airdrops

On October 10, 2025, Binance announced WAL as the 50th project on the Binance HODLer Airdrops. Users who subscribed their BNB to Simple Earn and/or On-Chain Yields products from October 1 to 3 were eligible to receive WAL airdrops. A total of 32.5 million WAL tokens were allocated to the program, accounting for 0.65% of the total token supply.

WAL was listed with the Seed Tag applied, allowing for trading against the USDT, USDC, BNB, FDUSD, and TRY pairs.

Closing Thoughts

Walrus combines decentralized storage with blockchain technology to provide a secure, efficient way to manage large amounts of data. Built on the Sui blockchain and supported by the Red Stuff encoding system, the network helps to lower storage costs while maintaining data availability. With features such as Walrus Sites and tokenized storage capacity, the protocol offers developers an alternative for building data-driven applications in a decentralized environment.

Further Reading

What Is Decentralized Storage?

What Is Data Tokenization and Why Is It Important?

What Is EIP-4844 in Ethereum and How Can It Benefit Users?

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.

Key Takeaways

Walrus is a decentralized storage and data availability protocol designed for blockchain applications and autonomous agents.

The protocol provides a cost-effective, composable storage layer for large, unstructured data, such as media files, AI datasets, and blockchain archives.

Walrus uses an innovative erasure-coding algorithm called Red Stuff, achieving fast recovery with minimal replication overhead.

Walrus Sites demonstrate how developers can host fully decentralized web experiences directly on Sui and Walrus, without relying on centralized infrastructure.

What Is Walrus?

Walrus is a decentralized storage and data availability network designed for blockchain and AI-driven applications. The protocol provides a scalable, verifiable way to store large files, such as images, videos, and datasets, that would otherwise be costly and inefficient to store directly on-chain.

Walrus is built on the Sui blockchain, and the platform integrates with Sui’s smart contract environment to offer developers flexible, reliable storage capabilities. Originally developed by Mysten Labs, Walrus is an independent decentralized network governed by its native token, WAL, and supported by the Walrus Foundation.

How Walrus Works

Encoding and off-chain storage 

When data is uploaded to Walrus, it is split into smaller pieces, known as slivers, using Red Stuff, the network’s custom erasure-coding algorithm. Red Stuff improves efficiency by distributing these encoded fragments across multiple storage nodes rather than storing complete copies on each one.

These storage nodes are periodically required to verify that they still hold their assigned fragments, helping to maintain ongoing availability. Even if several nodes go offline, the original data can be rebuilt from a subset of slivers. This approach allows Walrus to maintain resilience with fewer data copies than the full replication typically required in traditional blockchains.

On-chain metadata 

In Walrus, large files are stored as blobs, which refer to bundles of unstructured data such as images, videos, or datasets. Instead of placing these large blobs directly on the blockchain, Walrus stores only their metadata and proofs of availability on the Sui blockchain.

Proofs of availability are cryptographic records that confirm storage nodes are still holding their assigned data fragments. These proofs allow anyone to verify that a blob remains accessible without downloading or inspecting the full file.  

Developers can use Sui smart contracts, written in the Move programming language, to reference and validate these stored blobs directly within their applications.

Data retrieval 

When you request a stored file, an aggregator gathers the required slivers from multiple nodes and reconstructs the original data. The retrieved content can then be delivered through a content delivery network (CDN) or cache for faster access. Because only small fragments are transferred and recombined, the retrieval process remains efficient even for large datasets.

Walrus Sites

Walrus Sites are decentralized websites hosted directly on the Walrus and Sui networks, providing an alternative to traditional web hosting. Developers can upload static files through the site-builder tool, and the content is stored permanently on the network.

Each site is tied to a Sui address, can be associated with NFTs, and supports SuiNS for simple, human-readable names. Because the content is stored across decentralized nodes, it remains available and resistant to censorship. While Walrus Sites are static by design, developers can connect wallets and use smart contracts to add interactive features and on-chain functionality.

Use Cases

Walrus can be integrated with other blockchains to support applications that require decentralized and scalable data storage, including:

NFTs and DApps: Walrus can store and deliver media files such as images, videos, and audio. These files are accessible through HTTP requests, allowing developers to build multimedia decentralized applications (DApps).

Artificial intelligence: Walrus can be used to store verified datasets, AI model weights, and proofs of correct training, helping ensure the availability and authenticity of AI data and outputs.

Blockchain data archiving: Walrus can function as an alternative storage layer for blockchain history. For example, the network can store Sui’s checkpoints, transaction records, and historical snapshots of blockchain states.

Data availability: Walrus supports Layer 2 networks by certifying the availability of off-chain data, such as blobs, validity proofs, and zero-knowledge proofs (ZKPs), required for verification and auditing.

Decentralized web hosting: Walrus can host complete decentralized websites, allowing both front-end and back-end components to operate fully on-chain.

The WAL Token

WAL is the native token of the Walrus protocol, built on the Sui blockchain. WAL has a maximum supply of 5 billion tokens and follows a deflationary model that reduces supply through token-burning mechanisms. It’s used within the ecosystem for many purposes, including:

Payment: WAL is the payment token for data storage on Walrus. Users can pay upfront for storage, and the WAL is distributed over time to nodes and stakers as rewards.

Security: WAL supports network security through delegated staking. Users can stake or delegate tokens to storage nodes and earn rewards based on node performance. When slashing is introduced, penalties will apply to underperforming nodes.   

Governance: WAL holders can participate in network governance by voting on key parameters and penalty settings. 

Walrus (WAL) on Binance HODLer Airdrops

On October 10, 2025, Binance announced WAL as the 50th project on the Binance HODLer Airdrops. Users who subscribed their BNB to Simple Earn and/or On-Chain Yields products from October 1 to 3 were eligible to receive WAL airdrops. A total of 32.5 million WAL tokens were allocated to the program, accounting for 0.65% of the total token supply.

WAL was listed with the Seed Tag applied, allowing for trading against the USDT, USDC, BNB, FDUSD, and TRY pairs.

Closing Thoughts

Walrus combines decentralized storage with blockchain technology to provide a secure, efficient way to manage large amounts of data. Built on the Sui blockchain and supported by the Red Stuff encoding system, the network helps to lower storage costs while maintaining data availability. With features such as Walrus Sites and tokenized storage capacity, the protocol offers developers an alternative for building data-driven applications in a decentralized environment.

Further Reading

What Is Decentralized Storage?

What Is Data Tokenization and Why Is It Important?

What Is EIP-4844 in Ethereum and How Can It Benefit Users?

Disclaimer: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial, legal or other professional advice, nor is it intended to recommend the purchase of any specific product or service. You should seek your own advice from appropriate professional advisors. Products mentioned in this article may not be available in your region. Where the article is contributed by a third party contributor, please note that those views expressed belong to the third party contributor, and do not necessarily reflect those of Binance Academy. Please read our full disclaimer for further details. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance Academy is not liable for any losses you may incur. This material should not be construed as financial, legal or other professional advice. For more information, see our Terms of Use and Risk Warning.

نقاط رئيسية

OpenEden هي منصة تقوم بتوحيد الأصول الواقعية، وبشكل أساسي أوراق الخزانة الأمريكية، مما يجعلها متاحة على السلسلة للمستثمرين المحترفين والمؤسسيين.

تقدم رموز TBILL تعرضًا فوريًا لأذون الخزانة قصيرة الأجل، بينما USDO هو عملة مستقرة مدعومة بأصول موحدة من عدة صناديق.

تركز المنصة على الشفافية والامتثال وخدمة المستثمرين المحترفين لإدارة أصول التشفير بطريقة آمنة وفعالة.

EDEN هو الرمز الأصلي لبيئة OpenEden. يمكن أن يمنح حامليها الوصول إلى خصومات ومكافآت خاصة، وحملات نمو، وحوكمة، وتخزين.