Using Web3 and NFTs to create another slate of millionaires isn’t a good use of the technology, says EndeavourXR CEO Amy Peck. Source: https://cointelegraph.com/app/public/index.php/news/build-web3-for-newcomers-not-money-grabs-amy-peck
Month: November 2023
Web3 should draw newcomers, not be a ‘money grab from brands’ — Tech CEO
The crypto industry should focus on building blockchain-based solutions everybody can benefit from instead of launching cash grabs for brands, says Amy Peck, CEO of tech-focused consulting firm EndeavourXR. Peck told Cointelegraph at the Lisbon Web Summit that Web3 firms should be build-first oriented and create attractive products to draw newcomers. She added using Web3 and nonfungible tokens (NFTs) as…
Polygon gas fees spike 1000% amid Ordinals-inspired token craze
Gas fees on Ethereum layer-2 Polygon (MATIC) surged more than 1,000% to reach a peak of $0.10 as users inundated the network with the minting of Ordinals-inspired tokens dubbed POLS. In a Nov. 16 X (formerly Twitter) post Polygon founder Sandeep Nailwal shared his surprise at the elevated transaction activity on the network saying the spike could’ve been due to…
AI Is Making People ‘Question Their Own Reality’: Chelsea Manning
Artificial intelligence was again the hot topic of discussion at the annual Web Summit in Lisbon, Portugal. During the event’s closing day, whistleblower and activist Chelsea Manning expressed concern about the development of artificial intelligence and the clash between humans and technology. “We live in this era where we’re surrounded by technology,” Manning said. “I’ve encountered numerous instances of this…
Emu Video and Emu Edit: Meta Debuts AI Models for Video and Images
Meta on Thursday showed a sneak peek of its two newest AI tools, Emu Video and Emu Edit, providing the first real look at technology announced at Meta Connect in September. Emu Video is a tool that lets users create videos from pure text prompts, while Emu Edit introduces a different approach to image editing known as inpainting. Today we’re…
Snoop Dogg Says He’s Done Smoking Weed. Crypto Degens Are Betting He Isn’t
Stoners worldwide received word Thursday of a shocking announcement that’s all but certain to elicit a cacophony of quietly mumbled expressions of shock: Snoop Dogg, patron saint of marijuana, said that he’s officially giving up weed. The DeFi market isn’t sure, though, if Snoop—the rapper, actor, and noted crypto enthusiast—will stand by the public statement issued today, and truly, permanently,…
No civil protection for crypto in China, $300K to list coins in Hong Kong? Asia Express – Cointelegraph Magazine
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hot week for Hong Kong exchanges Hashkey Exchange — one of the first regulated crypto exchanges in Hong Kong — has announced insurance coverage for clients assets stored in its hot and cold wallets. accounts. The policy will cover 50% of Hashkey’s digital assets in cold…
AI identity platform combats ownership and deep fakes
The new AI identity platform Hollo.AI takes on the key topics of transparency, ethical use and content sovereignty in the age of rampant AI-generated deep fakes… Source: https://cointelegraph.com/app/public/index.php/news/ai-identity-platform-combats-ownership-and-deep-fakes
FBI Arrests Three Men in Alleged $10 Million Crypto Laundering Scheme
Three men have been charged with laundering over $10 million in cryptocurrency. If found guilty, the three face a maximum of 30 years in federal prison, according to an announcement from the United States Attorney for the Southern District of New York said on Thursday. The U.S. Department of Justice charged Zhong Shi Gao, Naifeng Xu, and Fei Jiang with…
Crypto Gaming Powers Up: Daily Active Wallets Hit a Million
Crypto-enabled games saw continued growth last month, reaching one million daily unique active wallets (DUAWs) on multiple dates in October, according to a report published Thursday from DappRadar. In September, blockchain games collectively amassed more than one million DUAWs on three days. In October, blockchain games saw more than one million DUAWs on four days, according to a chart from…