Terra Classic Dev L1TF Unveils Edward Kim AI Chain “Block Entropy”, LUNC Price To $1
Terra Classic core developer Joint L1 Task Force (L1TF) on Wednesday unveiled professor Edward Kim’s AI app chain “Block Entropy.” The L1TF developer The Vinh Nguyen and project manager LuncBurnArmy shared new use cases of Block Entropy with the Terra Classic (LUNC) community.
The L1TF also scheduled the Rebel-2 testnet ‘dress rehearsal’ upgrade on May 31 at 11 AM EST. Until now, eight validators have shown interest in the testnet upgrade.
Terra Classic Testing Edward Kim AI App Chain “Block Entropy”
Joint L1 Task Force developer The Vinh Nguyen successfully generated a cat image on Block Entropy — the first blockchain-powered AI generation engine. He plans to make the first image generated on Block Entropy into NFT and open a public sale for the NFT in the future.
L1TF project manager LuncBurnArmy also took to Twitter to unveil the new use cases of core developer Edward Kim’s Block Entropy AI app chain. It includes image generation, video generation, AI chat, as well as LUNC burn and Tesnet tokens for machine learning and other tasks.
Here's a sneak peek into #LUNC's and #Crypto's newest exciting use case! #LuncBurn pic.twitter.com/LIBtCSnQbv
— 🔥LuncBurnArmy🔥 (@luncburnarmy) May 31, 2023
Interchain Accounts (ICA) will be incorporated into LUNC after the CosmWasm v2.1.0 parity upgrade is successfully completed. LuncBurnArmy revealed June 14 as the official date of the CosmWasm parity upgrade. The team now prepares for the Rebel-2 testnet ‘dress rehearsal’ upgrade on May 31 at 11 AM EST.
Also Read: Terra Classic Project Burns LUNC For Edward Kim AI Chain “Block Entropy” Testnet Token
LUNC Price to Rally?
LUNC price fell over 1% in the last 24 hours, with the price currently trading at $0.000084. The 24-hour low and high are $0.0000845 and $0.0000870, respectively. Moreover, the total LUNC burned by the community reached over $60 billion.
The Terra Classic community makes several efforts including raising the burn tax to 0.5% to increase the LUNC price. However, the price continues to fall amid uncertainty in the broader crypto market.
Also Read: Crypto Market Selloff: Here’s Why Bitcoin, Ethereum Price Falling Today
- Expert Projects HYPE Token Upside as Bitwise Files for Hyperliquid ETF With SEC
- Expert Says Crypto ETFs Could Be ‘Death-Knell’ for Treasury Firms MSTR, MTPLF, BMNR, SBET
- Trump-Linked WLFI Passes 100% Buyback & Burn Proposal, Analyst Eyes Bullish Surge
- Crypto Market Liquidations Top $1 Billion Again With Ethereum Leading, Buy The Dip Opportunity Ahead
- Nasdaq-Listed AlphaTON Kicks Off Treasury Strategy, Buys $30M in Toncoin After $71M Raise
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
- Shiba Inu Price Eyes Recovery From Demand Zone With Burn Rate Soaring Nearly 400%
- Bitcoin Price: Analyst Predicts Crash to $104K Before Explosive Rally on Fed Cut Pattern
- HBAR Price Elliot Wave Signals an 86% Rebound as Key Risks Remain
- Will Pi Coin Price Recover Before Month-End After Payochain Listing?
- Chainlink Price Prediction as Whales Buy 800K LINK — Can the Demand Zone Launch a Recovery?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
