Global investment in artificial intelligence could swell to $200 billion in less than two years, according to a new report by financial giant Goldman Sachs—growth that could boost the overall economy. “Generative AI has enormous economic potential and could boost global labor productivity by more than 1 percentage point a year in the decade following widespread usage,” the report states.…
The Curve Finance (CRV) lending protocol has terminated governance token rewards for select liquidity pools affected by the July 30 Curve exploit and July 6 Multichain exploit, according to an August 2 social media post from a member of the protocol’s governing body. The ending of rewards was carried out by the Curve emergency decentralized autonomous organization (Curve E-DAO), a…
As the WGA/SAG-AFTRA strikes continue to stall production on film and television projects, state and federal legislators are drafting bills to protect performers from the use of artificial intelligence to replace them. Two of these bills—New York Senate Bill S7422, sponsored by New York Senator Lea Webb, and Assembly Bill A7634, sponsored by assembly member Demond Meeks—would prohibit production companies…
Kanis Saengchote, a researcher at Chulalongkorn University in Thailand, recently developed a framework for identifying and measuring systemic risk in decentralized finance (DeFi) institutions. The new protocol is called the Global Systematically Important Protocol (G-SIP), and it’s based on a similar endeavor instituted in the traditional banking industry. After the global banking crisis of 2008, the traditional finance sector collaborated…
AAVE, the governance token of the decentralized finance (DeFi) protocol Aave, experienced a 17% decline between July 30 and August 1, reaching the $62 level. While the $62 support has demonstrated its resilience, the current price of $64.40 is still 12% below the daily close on July 30. Investors are now questioning whether this movement signifies a more cautious approach…
X users who subscribe to the “Blue” service now have the option to hide their “checkmark,” according to a recently updated Twitter Help article. Owner Elon Musk had previously warned that he wasn’t afraid to keep “blowing things up” as he and newly-appointed X CEO Linda Yaccarino continue to fudge the subscription service features further. How it started: Twitter’s current…
Metcalfe’s Law suggests that the more people who use a cryptocurrency, the more valuable and useful it becomes. Source: https://cointelegraph.com/explained/what-is-metcalfes-law-and-why-does-it-matter
The Massachusetts Institute of Technology (MIT) Digital Currency Initiative (DCI) has introduced the experimental Parallelized Architecture for Scalably Executing Smart Contracts (PARSEC) platform. The platform is open-source and developed with central bank digital currency (CBDC) in mind. The developers highlighted the platform’s speed. It performed 118,000 ERC-20 transactions per second on 128 hosts – exceeding public permissionless blockchains, they said.…
In this week’s newsletter, read about why the food and beverage nonfungible token (NFT) market is set to exceed $2 billion by 2032, check out the Bruce Lee avatar that has made its way into the metaverse, and how the British Museum uses the virtual universe to teach world history. In other news, find out how NFT-styled debit cards can…
‘Give Projects a Chance,’ Says Aurory’s Michael Natoli on NFT Game Challenges Aurory is an NFT-driven game franchise that started life on Solana and is expanding to other chains. Decrypt’s Jason Nelson spoke with Aurory Head of Marketing Michael Natoli at Solana’s PlayGG event, where Natoli shared his thoughts on the challenges that blockchain games face in reaching players. Source:…
