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MemVerge puts lowering carbon emissions in AWS cloud app on … – Blocks and Files

July 27, 2023 | Author: admin

MemVerge reckons customers could cut their cloud app carbon emissions by using its Memory Machine Cloud software with per-workload emissions tracking.

Its Memory Machine Cloud software enables users to submit jobs to the AWS cloud in a serverless way and have them run in EC2 Spot instances, with dynamically modified sizes as needed to economize on cloud resources. The Memory Machine Cloud Essentials edition is free and includes a WaveWatcher calculator to track cloud app carbon emissions of cloud apps so organizations can right size for a lower carbon footprint.

MemVerge COO Jon Jiang said: For companies focused on reaching carbon neutrality, real-time measurement of carbon emissions for each workload is an essential capability. The telemetry works hand-in-hand with real-time right sizing that has the potential to drive the emissions of datacenter servers down 10 percent industry wide.

Memory Machine Clouds latest release, v2.3, has the ability to put an app to sleep, then restart where you left off. MemVerge says that data scientists were faced with the choice of leaving their cloud instance running all night or shutting down and restarting their apps built with popular integrated development environments (IDE) like RStudio and Jupyter. Sleep and WaveRide from within an IDE.

The Memory Machine software now includes IDE Sleep and Wakeup widgets for popular IDEs such as RStudio that allow data scientists to put their apps to sleep or use WaveRider continuous right sizing from within RStudio.

A Memory Machine Cloud WaveWatcher service builds on its ability to track CPU, memory, network, storage IO usage by application, to calculate carbon emissions. The data can then be used by the WaveRider service to automatically right size resources and reduce CO2 footprint.

MemVerge has defined a three-step blueprint to lower cloud app carbon emissions. Step one is to migrate apps from your datacenters to the public cloud, AWS in this case. Thats because, according to GoClimate.com, the Kg CO2 / year / server for cloud servers is approximately half that of on-prem servers.

Step two is to track cloud app carbon emissions by using tools like the Memory Machine Cloud WaveWatcher service. This profiles app resource usage and identifies opportunities for right-sizing optimization, such as enabling automatic runtime workload moves to smaller or larger instances based on their real-time resource needs.

Step three is to do this right-sizing continuously. It will cost though, as you have to upgrade from the free Memory Machine Cloud Essentials to Memory Machine Cloud Pro to get WaveRider continuous right sizing. This is charged on a 25 percent of savings pay-as-you-go basis.

This looks interesting but is limited to AWS. We think that his limitation may be removed by MemVerge in the future. Also there are no examples of saved carbon emissions by named applications, which is a pity. The chart above does show some generic type savings but there are no details. No doubt the MemVergers will produce them soon enough.

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Backblaze warns of AI-assisted cyber threats Blocks and Files – Blocks and Files

July 27, 2023 | Author: admin

Humans are often the weakest link in a corporate network and the entry point for ransomware attackers, a factoid that underscores the necessity for persistent vigilance against this growing cyber threat.

A stark reminder of this was today presented by cloud storage provider Backblaze in its 2023 Complete Guide to Ransomware report. The latest edition of this annual report states:

This years most important update has been the rise of generative AI for increasingly sophisticated, automated phishing attempts Text generated by models like ChatGPT help cybercriminals create very personalized messages that are more likely to have the desired effect of getting a target to click a malicious link or download a malicious payload.

Traditionally, phishing messages were relatively easy to identify, often featuring spelling errors, grammatical mistakes, and awkwardly constructed sentences. With the aid of software like ChatGPT, however, criminals can enter a prompt to quickly receive error-free, well-written, and convincing copy that can be immediately used to target victims.

The report provides a comprehensive review of ransomwares prevalence, attack vectors, the sequence of events during an attack, and the necessary steps for responding to an attack. It stops short of suggesting foolproof methods to prevent attacks from breaching IT infrastructure, as no solution that is 100 percent reliable exists.

The best measures involve proactive steps: ensuring robust IT user education and having an efficient recovery system in place to restore encrypted files from uncorrupted backups. If sensitive data has been exfiltrated, however, the options are limited.

Malware attack vectors can be either human or machine-mediated, each designed to deliver malware into IT systems, encrypting files or copying them for transmission to attacker HQ. Victims someimes pay a ransom, often in cryptocurrency, to decrypt their files or prevent widespread distribution.

The caveat, of course, is that dealing with cybercriminals doesnt guarantee a successful outcome even after paying a ransom. Backblazes report warns: Paying the ransom only encourages attackers to strike other businesses or individuals like you. Paying the ransom not only fosters a criminal environment but also leads to civil penalties and you might not even get your data back.

Victims should report attacks to the appropriate authorities. If data has been encrypted, its recommended to recover it using clean backups. Increased vigilance in protecting sensitive data and transparent communication with potentially impacted parties is advised.

Preventing malware infiltration into systems requires a comprehensive approach. Backblaze recommends several protective measures such as to restrict write permissions on file servers as much as possible. In addition to this, we would suggest restricting file movement permissions to prevent sensitive data from leaving the boundaries of your IT system.

Modern IT security strategies increasingly adopt a zero-trust model no person, device, or service requesting data access is automatically trusted, but must be validated every time, even for repeat requests. This principle should also extend to file egress destination devices, given the risk of trusted services unintentionally transferring sensitive files to an unsecured location, as in the case of Fortra or MOVEit.

The 2023 Complete Guide to Ransomware report is accessible on Backblazes website through its blog page.

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Gartner storage hype cycle has selective memory Blocks and Files – Blocks and Files

July 27, 2023 | Author: admin

Comment: Research house Gartner has published its 2023 storage hype cycle, highlighting the evolving landscape of various technologies in the industry, and some have dropped completely out of sight.

The hype cycle serves as a five-stage technology progression chart, starting with an Innovation Trigger phase, followed by a Peak of Inflated Expectations, a Trough of Disillusionment, a Slope of Enlightenment, and finally reaching a Plateau of Productivity.

Gartner Research VP Julia Palmer, who shared the update on LinkedIn, said: Its like having a roadmap to navigate through the hype and identify the most promising innovations. You need to log into a Gartner account to see it in detail. Here we present a screen grab of the highlights:

Technologies on the chart are represented by dot colors: dark blue indicates 5 to 10 years to reach the plateau, light blue represents two to five years, and a white dot indicates less than two years to plateau.

Upon initial analysis, some placements seem unusual. For instance, NVMe-oF should likely be positioned further to the right, and the positions of object storage and Distributed File Systems could potentially be exchanged.

Flash Memory Summit organizer Jay Kramer pointed out some notable omissions from the chart, including Storage Class Memory, Multi-Cloud, and Converged Infrastructure. Heres last years storage hype cycle chart:

Storage Class Memory was rising up the Slope of Enlightenment in 2022 but faced setbacks after Intel discontinued Optane. However, technologies like SCM-class SSDs, MRAM, and RERAM continue to be developed. Notable trends from last years storage hype cycle include the disappearance of Copy Data Management, Enterprise Information Archiving, Persistent Memory DIMMs, and Management Software-Defined Storage.

Hybrid Cloud File Data Services have come from nowhere and are now descending the Trough of Disillusionment. There is no entry for CXL, which is expected to play a significant role in storage products. Additionally, we believe that Data Orchestration and SaaS Application Backup deserve a place on the chart.

While the storage hype cycle can be an intriguing insight into the industrys evolving landscape, it should perhaps be regarded as a fun and less formal representation of the markets evolution.

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The Best Home Security Cameras To Keep Your Home Safe Without Spending A Fortune – Forbes

July 27, 2023 | Author: admin

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The Best Home Security Cameras To Keep Your Home Safe Without Spending A Fortune - Forbes

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Slack is down with thousands hit by serious glitch that blocks all messages being sent – The Mirror

July 27, 2023 | Author: admin

Slack is currently down and not working for thousands of users.

By

11:30 UPDATE: Slack is back! After almost an hour of issues, the messaging platform is now up to speed once again.

ORIGINAL STORY: If youre trying and failing to send a message on Slack this morning you are not alone. The popular messaging service, which is used by businesses to keep in touch with employees at home and out of the office, is currently offline and not working for thousands of users.

The gremlins appear to have started at around 10:30am and are still ongoing with online outage monitor, Down Detector currently showing over 5,000 reports that Slack isnt working.

When trying to post on the platform, users are seeing a message which reads, "Slack couldnt send this message. Try again."

Although it's clearly bad news for those trying to message work colleagues, some have jumped for joy that they can't be contacted by their boss.

Social media platforms, such as Twitter, are full of workers who appear pretty pleased by the outage. Posting a tweet, one Slack user named Adam, said: "Slack is down, does that mean a free day off?"

And another called Rachel tweeted: "As Slack is down can I take the rest of the day off?"

Slack user James added, "Ah yes, that peculiar mix of peacefulness and anxiety that's only experienced when Slack goes down..."

It's unclear what is causing the problems or when things will be back online but Mirror Online will keep you posted with any new updates.

This is a breaking story - more follows

Get the latest news

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Artificial intelligence puts Microsoft Azure in top gear – ComputerWeekly.com

July 27, 2023 | Author: admin

Earnings from the Azure public cloud accounted for half of Microsofts $56.2bn revenue in its fourth quarter filing, with the company reporting overall annual revenue of $212bn, 7% higher than 2022.

Microsoft reported that its productivity and business processes business posted a 10% revenue increase to $18.3bn. This was driven mainly by its Office 365 Commercial business, which increased revenue by 15%.

Microsofts Dynamics products and cloud services increased revenue by 19%, driven by Dynamics 365 revenue growth of 26%, while revenue in its intelligent cloud business grew 15% to $24bn. The server products and cloud services part of Microsofts business saw a 17% revenue increase, which the company said was driven by Azure and other cloud services revenue growth of 26%. However, Windows licences to PC hardware manufacturers fell 12% and devices revenue decreased 20%.

The company sees artificial intelligence (AI) as a major opportunity, which is driving both the companys cloud business and its data platform. Lots of AI products pull along Azure because its not just the AI solution, you need to build an app, said chief financial officer Amy Hood.

In his prepared speech during the companys earnings call, CEO Satya Nadella discussed the opportunities of AI in the cloud. We remain focused on leading the new AI platform shift, helping customers use the Microsoft Cloud to get the most value out of their digital spend, and driving operating leverage, he said.

When asked about anecdotal evidence of increased developer productivity thanks to AI augmentation in GitHub Copilot, Nadella highlighted the opportunities to enhance other business processes using the AI-based copilots the company now offers. There is good empirical evidence and data around the GitHub Copilot and the productivity stats around it, he said, adding that role-based AI copilots such as Sales Copilot and Service Copilot would offer high productivity gains.

I do think people are going to look at how they can complement their operating expense spend with essentially these copilots to drive more efficiency, he said. I think youre going to see that translated into productivity stats.

Nadella said that AI reasoning engines are complemented by data that resides in the cloud. These AI engines are not databases, but they can reason over your data, he said.

Microsoft and Nadella position the companys Fabric data platform as a key pillar in its AI offering.

With Microsoft Fabric, weve brought together compute, storage and governance with a very disruptive business model, he added.

Data is stored in an Azure data lake which is then available to other Microsoft cloud-based products such as SQL Server, Spark, Azure AI or Azure OpenAI.

I feel that Microsoft is very well positioned with the way our data architecture lays out, our business model around data, and how people will plan to use data with AI services, said Nadella.

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Ethereum Generative Art Challenger Highlight Takes on Art Blocks – Yahoo Finance

July 27, 2023 | Author: admin

In spite of cryptos enduring winter and the ever-spiraling NFT market, on-chain generative artwork has seen something of a renaissance in the last year. Now, a new platform with a major backer aims to take on the stalwarts of the space.

Led by boutique, curatorial collectives like Art Blocks and globe-trotting experiential collections like Bright Moments, generative art piecesdigital works created by computer code, that are only realized in their final form by a randomized generation that takes place at the time of mintingcontinue to fetch record prices and regale art world elites.

Much of the generative art movements success has thus far stemmed from projects associated with a certain level of curatorial authority and exclusivity. Highlight, a digital art marketplace and artist tool suite debuting today, aims to shift that paradigm.

It claims to be the first-ever open access generative art platform launched on the Ethereum blockchain. The company, which is backed by prominent venture fund Haun Ventures and raised $11 million in 2022 with the broader aim of launching no-tool Web3 tools for creators, says it has created a platform that will do away with many barriers to entry across the generative art ecosystem.

All the tools that exist on Ethereum at this point, they're not open access, Highlight co-founder and CEO Nathaniel Emodi told Decrypt. There are different levels of curation or gatekeeping. To us, that was a screaming opportunity.

Square Alums Raise $11M for Highlight, the 'Fan Club of the Future'

Unlike leading platform Art Blocks, which carefully curates the generative artists it spotlights for its most prominent collectionbut also has secondary categories with less stringent requirementsHighlight will be entirely free to use and list on by any member of the public.

Simon De Mai, an artist who has launched projects on Art Blocks and will also release work via Highlight, toldDecrypt that the upstart's model is a welcome shift from the norm.

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"Releasing a project on Art Blocks today is an exciting but very challenging process, and they are very selective," he said. "New platforms like Highlight offer open access; artists are free to experiment and start their own projects in a more autonomous way and with less financial risk. Im happy to see that this sense of openness is still present today, as it will definitely lead to a richer digital art landscape."

Most leading generative art platforms also charge artists a creator fee. Art Blocks, for example, levies a 10% fee on its artists for primary NFT sales, and a 2.5% fee for secondary sales. Highlight, by contrast, will request no such fee from artists who use its services. Instead, the site will generate revenue from a small fee charged to buyers.

Highlight will also provide users with a suite of tools designed to streamline and simplify the process of creating generative artworks, which can be fairly technical and involved. These tools, said Emodi, will simplify a process that could easily take an artist weeks or months to complete independently and reduce it down to minutes.

In addition to the Ethereum mainnet, Highlight will also support scaling networks that typically enable cheaper transactionssuch as Polygon, Arbitrum, OP Mainnet (or Optimism), Zora Network, and Coinbase's upcoming Base.

Art Blocks NFT Faithful Partied in Marfa as FTX Collapsed

The first project launching on Highlight today is "Sum" by artist Duane King, also creative director for the startup, with the pieces resembling rainbow-colored bullseye targets. But there's more than meets the eye: the colors and characteristics of each generated work are drawn from the minter's Ethereum wallet address string and other on-chain details.

"With 'Sum,' we wanted to flip the idea of scarcity on its head and instead focus on abundance," reads a post by King. "Abundance is a more appropriate representation of the diversity within the blockchain community and more fitting for the medium of long-form generative."

An example of artwork from Holger Lippmann's upcoming collection, "Fractal Tapestries." Image: Holger Lippmann/Highlight

Despite the fact that Highlights raison-dtre appears decidedly populist, the platform is also partnering with a number of established generative artists who will debut new collections on the site this summer. Several of those artists, including De Mai, Melissa Wiederrecht, Emanuele Pasin, and James Merrill, have previously launched projects on Art Blocks.

A number of those artists gave input directly to Highlights team during the platforms construction, regarding what they would want out of a generative art platform crafted to their needs.

Per Emodi, several artists requested a loosening of restrictions around the type of code able to be used in a generative art piece. Highlight obliged; now, artists on the site will be able to experiment with sound, image files, and several other types of media that have not yet found their way into the generative art mainstream.

All of those things are outside of the existing definition of generative art, but it's art that these artists want to create, Emodi said. We think that will push the definition of generative art forward. And thats really healthy.

Editor's note: This article was updated after publication to include comment from artist Simon De Mai.

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Ethereum Generative Art Challenger Highlight Takes on Art Blocks - Yahoo Finance

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ETC Price Prediction: Will Ethereum Classic Break Above $20? – The Coin Republic

July 27, 2023 | Author: admin

Ethereum Classic (ETC) is a smart contract network split from Ethereum (ETH) in July 2016. It hosts and supports decentralized applications (DApps). Ethereum Classic wanted to keep the original Ethereum blockchain after a hack stole 3.6 million ETH. Ethereum Classic and Ethereum have different technical goals and paths.

The Ethereum Classic price is currently trading at $18.05, with a decline of 0.04% in the past 24 hours. Ethereum Classic holds a total market cap of $2.56 Billion and ranks 29th in the crypto market.

ETC token has a trading volume of $99.19 Million, with a decline of 27.18% over the past 24 hours. It has over 142.17 Million tokens in circulating supply. The volume-to-market cap ratio of the Ethereum Classic coin is 3.86% indicating low volatility in the market.

Ethereum Classic price analysis reveals that the ETC token surged nearly 180% in July 2022, breaking above the previous swing high. After that, the price declined and went into a correction phase, forming a descending triangle pattern with resistance from an upper trendline and support from a horizontal demand zone.

Recently, the price bounced back from the demand zone with a rise in volume but could not break above the trendline resistance and got detained. Currently, the price is consolidating near the trendline resistance.

Now, If the price can sustain above the trendline resistance, it may result in a trend change from the correction phase to an advancement phase. This may attract buyers and push the price higher.

As per the EMA analysis, the ETC price suffered rejection from the 200 EMA. Currently, the price tried to sustain above 50 EMA but suffered rejection indicating bearish sentiment prevailing in the short term.

At the time of publishing, the RSI value of the ETC token is 44.18, and that of the SMA line is 50.11. RSI has gone flat, showing a neutral bias in the market for now.

MACD lines have made a bearish crossover. Also, Histogram bars are being formed below the mean line with increasing height, indicating a negative sentiment being built in the market for now.

Ethereum Classic price prediction shows that the price has undergone a correction phase after a surge of nearly 180% in July 2022 and formed a descending triangle pattern. Recently, the price hiked nearly 40% after getting support from the demand zone. But could not break above the trendline resistance and is consolidated. Now, if the price can break and sustain above the trendline resistance, then it may surge higher.

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

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Ethereum May Commandeer Institutional Support From Bitcoin – Techopedia

July 27, 2023 | Author: admin

In recent years, thecryptocurrencymarket has witnessed increased interest from institutional investors. With a maturing market, increasing institutional infrastructure, andrecognition from financial institutions, the once niche and speculative asset class has gained credibility and attracted serious institutional attention.

However, institutional interest in the crypto market as a whole is still facing significant obstacles. The U.S. Securities and Exchange Commissions (SEC) aggressive stanceon cryptocurrencies is a major concern for family offices, institutions, and wealth managers. Thefear of tighter regulations, and even an outright ban, is deterring many institutional investors from fully embracing the crypto market.

Despite this, theentrance of BlackRock into the cryptocurrency spacehas revitalized investor sentiment. BlackRock, the worlds largest asset manager, has filed an application to launch a spotbitcoin exchange-traded fund (ETF). In just three weeks after this announcement, $470 million flowed back into the market.

Still,concerns around custodyandaccessibilitypersist among institutional investors. Many are uncomfortable with the existing methods for gaining exposure to digital assets, which hinders broader institutional adoption.

The growing interest from institutional players has been driven by several factors. First and foremost,cryptocurrencies have proven to be a potentially incredibly lucrative investmentwith vast room for growth.

Bitcoin(BTC), the most well-known cryptocurrency, has experienced significant price appreciation over the years, making early adopters substantial profits. This has caught the attention of investment managers, who are constantly on the lookout for new opportunities to generate alpha for their clients.

However, therecent collapse of some high-profile crypto firms has rang an alarm bell among institutional investors, once again highlighting potential risks associated with this nascent industry. According to financial services giant Cantor Fitzgeralds Elliot Han, this could actually benefit the crypto market.

Han, who leads the firms crypto and digital assets investment banking efforts, said that those remainingin the crypto space are exploring its various use cases. He noted that there is now more maturity in the market, attributing it to increased regulation and the entrance of more institutional players.

There are a lot of companies here that are looking at it from many different perspectives and angles. Thats what were trying to learn and understand more, is what are these other use cases that arent necessarily obvious.

Han also mentioned that the current focus in the market is ontokenizing real-world assetson ablockchain, which would provide institutions with all kinds of benefits, including vastly easier trading and verifiable ownership for client investments.

While institutional investors are still cautious due to volatility and regulatory uncertainty, Han emphasized that many are still dipping their toes into the crypto market, and this interest is expected to continue.

Bitcoin has seen a sharp spike in institutional interest as of late amid excitement around spot ETF filings. This surge in institutional interest has propelled bitcoin to reach its highest point in a year, surpassing $31,000 to mark a year-to-date high last month.

The excitement follows BlackRocks application to the SEC on June 15 for a bitcoin-based ETF. Shortly after the filing, bitcoins dominance in the overall market capitalization of cryptocurrencies exceeded 50%, a level unseen in more than two years.

The SEC had previously rejected filings for spot bitcoin ETFs due to concerns about fraud and market manipulation. To address these concerns, BlackRock aims to establish a cooperative agreement with Nasdaq, where the fund would be listed.

Furthermore, last month witnessed thelaunch of EDX Markets, a digital asset exchange for accredited investors backed by Fidelity, Charles Schwab, and Citadel Securities. The platform aims to enable trading of bitcoin andethereum (ETH), among other cryptocurrencies, while adopting the best practices of traditional exchanges.

These positive developments have led to institutional capital flowing back into the market. Bitcoin futures contract trading has gained momentum on the Chicago Mercantile Exchange (CME). In the last week of June, nearly $200 million was investedin major Bitcoin investment products, according to data from CoinShares.

In contrast, retail investors have displayed limited enthusiasm toward Bitcoin this year. The number of active addresses on the Bitcoin network has remained relatively stagnant since late 2021, and the creation of new addresses has significantly declined.

Bitcoin Maximalists (also known as Bitcoin Maxis) is dedicated to 1 and only 1 cryptocurrency: bitcoin. They have long awaited a flood of institutional interest that would drive up prices and solidify bitcoins position as the leading cryptocurrency. However, a recent survey by CoinShareshas revealed that while asset managers believe bitcoin hasthe most compelling growth outlook, they currently hold more ethereum in their portfolios.

The survey involved 51 investors with a total of $900 billion in assets under management. Of those surveyed, 43% stated that bitcoins potential for upside growth exceeded that of ethereum. Just under 40% responded that ETH has the most upside potential.

The survey also highlighted some concerning trends. According to CoinShares figures, digital assets weighting within portfolios has experienced a significant contraction, decreasing from 1.8% in April to only 0.7% by the end of June. Moreover, the first half of 2023 saw $400 million in outflows from the crypto market.

Furthermore, the survey revealed a potential willingness among asset managers toinvest in altcoins, with 10% exploring cryptocurrencies with a smaller market capitalization. polkadot(DOT),cardano (ADA), and ripple (XRP) were identified as the preferred altcoins.

On a positive note, the survey revealed that reputational damage is no longer a significant barrier for institutional investors. Despite recent high-profile failures like those of FTX and Three Arrows Capital, investors are still willing to explore digital assets. Abanking crisis and the desire for portfolio diversification are likely driving this interest in part.

It is worth noting that the geographic distribution of survey respondents raises questions about the global sentiment toward cryptocurrencies. The majority of respondents came from Europe and the Middle East, with only about 25% from North America and approximately 5% from Asia.

This suggests that the survey may not accurately reflect sentiment within the United States, which has historically been a key driver of institutional interest in cryptocurrencies.

All in all, the CoinShares survey indicates a dynamic and evolvingdigital asset market. While BTC continues to be seen as having the greatest growth potential, the fact that asset managers hold more ETH suggests a potential shift in institutional interest.

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Solana Gaming Ecosystem Expands After Aurory Integration to … – cryptonewsbytes.com

July 27, 2023 | Author: admin

Gaming franchise Aurory recently announced their move to the Ethereum network via Arbitrum. Arbitrum is an Ethereum layer 2 network claiming to support Aurorys visions. Solana-based Aurory says the new move to Arbitrum is because they want to make their project more accessible.

Our vision of a cross-platform future for Aurory is one that is rooted in the idea that players should be able to easily discover Aurory, with minimal friction. Ultimately it is this approach which we believe will allow us to reach millions of users around the world, Aurory said in their Substack announcement.

The new move from Aurory to Arbitrum is mainly because they want to connect to more communities. Each blockchain has its own communities. For instance, Solana has people who support the network objectives. In the same way, other blockchain networks have these communities.

So Aurory is trying to reach other communities on different blockchains. When they connect to these communities, it will help improve their brand and user base. Solana created a technology called SyncSpace to help them connect to as many blockchains as possible.

Aurory

Aurory says their new move doesnt mean they are leaving Solana. In fact, it is an expansion for their project and the Solana network. Aurory wants to tap into new communities existing in other blockchain networks.

So they are doing this by joining the Arbitrum network. In the same way, Solana remains the parent blockchain network of the project. With this new expansion, users from other networks can interact with Solana via Aurory technologies. In fact, Aurory says they plan to expand to more blockchain networks as time goes on.

To interact with multiple blockchain networks at the same time, Aurory came up with a new technology. Named SyncSpace, it is a native infrastructure that enables Aurory users to move between several blockchains.

SyncSpace technology lets users move their assets from Solana to Arbitrum and vice versa. According to experts, this recent development is particularly good for Solana. This is because transferring digital assets to Solana increases blockchain activity on the platform. In the same way, transaction volume rises in the crypto network.

Many things will change once Aurory expands to the Arbitrum network. Furthermore, Solana pre-informed users of what they expect from the recent development. As mentioned, SyncSpace technology will play a significant role in interactions within the Aurory network.

The new means Nefties have to use SyncSpace to make interactions on the platform. Also, any offer involving the native token $AURY must be in the SyncSpace. Apparently, the major change in the platform is that many of the activities will happen in SyncSpace. This includes listing items on the marketplace and hatching Neftie eggs.

In conclusion, the new move by Solana-based Aurory will benefit the project and the Solana blockchain. The new expansion will allow Aurory to seek more communities in other blockchains. On the other hand, it will help increase traffic and transaction volume on the Solana network.

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