The Challenges and Opportunities of the Industrial Metaversel
Shifting Focus to Business: Google Cloud Perspective on Web3
Solana Compressed NFTs: a Cost-Effective Solution for Businesses
Salesforce's Einstein Copilot: Revolutionizing CRM with Conversational AI
Google Close to Release Gemini: The AI Battle Heats Up
Private vs. Public Blockchains: Which Is Right for Your Business?
ChatGPT Officially Resumes Real-Time Web Browsing
Bitcoin vs. Ethereum: A Comparative Analysis of Two Industry Giants
Press
Google Close to Release Gemini: The AI Battle Heats Up
Google is on the verge of releasing Gemini, a potent AI offering set to compete with OpenAI's ChatGPT and its GPT-4 model. This venture is a strategic response by Google, which was prompted by the resounding success of ChatGPT last November, necessitating Google's concerted efforts to catch up in the generative AI domain. Gemini is […]
Private vs. Public Blockchains: Which Is Right for Your Business?
The blockchain landscape presents a fundamental choice: private or public blockchains. Each option holds distinct characteristics that cater to specific needs and objectives. In this article, we delve into the space of private and public blockchains, providing insights to help you decide which aligns better with your business requirements. Understanding Private Blockchains Advantages of Private […]
ChatGPT Officially Resumes Real-Time Web Browsing
OpenAI has reactivated the web search functionality for ChatGPT, its generative AI tool. Initially launched in May, the feature was temporarily pulled in July due to concerns of users bypassing paywalls. The new search function is powered by Microsoft's Bing search engine, a major investor in OpenAI. This is seen as a crucial step in […]
Bitcoin vs. Ethereum: A Comparative Analysis of Two Industry Giants
Everyone in the space knows about the two industry giants, Bitcoin and Ethereum. However, these are often looked at solely from an investment perspective. In this article, we will conduct a comparative analysis of Bitcoin and Ethereum, shedding light on their fundamental differences and applications. Bitcoin and Ethereum, the two cryptocurrency titans, are often compared […]
SEC Chair Gensler Deals with Crypto Challenges in Congressional Hearing
In a recent congressional hearing, Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), emphasized his critical stance on the crypto industry. He raised concerns about how crypto companies handle customer assets, highlighting the dangers of commingling assets which, in his view, have historically not yielded positive outcomes. One significant point of […]
How Meta VR Techs are Changing the Way Businesses Operate
Meta held its annual Connect conference on September 27, 2023, announcing several new products and features. The event's highlight was the announcement of the Meta Quest 3 VR headset, which is set to be released in late 2023. Compared to its predecessor, the Quest 3 boasts significant improvements, such as a more advanced processor that […]
Blockchain Explained: The Foundation of Web3
In the digital age, the internet is an integral part of our daily lives, influencing how we communicate, make payments, read news, work, and socialize. With the rise of Web3, the internet is undergoing a transformative shift, and at its core is blockchain technology. In 2023, understanding the fundamentals of blockchain is becoming essential to […]
OpenAI Upgrades ChatGPT with New Voice and Image Features
OpenAI has unveiled substantial upgrades to ChatGPT, revolutionizing the way users interact with artificial intelligence. The major update incorporates voice and image capabilities, elevating the user experience to a more intuitive level. Users can now engage in voice conversations with ChatGPT, offering possibilities to converse on-the-go, request quick analysis, or resolve discussions. They can choose […]
MicroStrategy Buys $147M Bitcoin, Now Holds $4.68B Worth
MicroStrategy continues to solidify its position as a Bitcoin investor. It does this with the recent purchase of 5,445 BTC for approximately $147.3 million in cash. The acquisition took place between August 1 and September 24, with an average price of roughly $27,053 per Bitcoin. This new addition brings MicroStrategy's total Bitcoin holdings to an […]
Are NFTs A Good Investment for Businesses?
Non-fungible tokens (NFTs) have been all the rage in recent years, with businesses of all sizes jumping on the bandwagon. But with the recent news that 95% of NFT collections have a market cap of zero Ether, it is worth asking: are NFTs a good investment for businesses? What are NFTs? NFTs are digital assets […]
DALL-E 3: OpenAI's Advanced Text-to-Image with ChatGPT Integration
OpenAI has introduced the latest iteration of its text-to-image tool, DALL-E 3, employing ChatGPT to help generating prompts. This new feature will enhance the user experience by allowing them to request images with more accurate requests, as prompts will be adjusted through interactions with ChatGPT itself. With DALL-E 3, users can simply input their image […]
Grayscale Investments Officially Files for Ethereum Futures ETF
Grayscale Investments has now officially submitted an application to the US Securities and Exchange Commission (SEC) for a new cryptocurrency Exchange-Traded Fund (ETF). However, unlike the numerous Bitcoin spot ETFs awaiting regulatory approval, this time Grayscale's ETF focuses on Ethereum futures. The proposal outlines that this ETF will not directly transact in Ethereum nor need […]
CryptoTracker
Metaverse
How Meta VR Techs are Changing the Way Businesses Operate
Meta held its annual Connect conference on September 27, 2023, announcing several new products and features. The event's highlight was the announcement of the Meta Quest 3 VR headset, which is set to be released in late 2023. Compared to its predecessor, the Quest 3 boasts significant improvements, such as a more advanced processor that […]
The Challenges and Opportunities of the Industrial Metaversel
The industrial metaverse is a new and emerging technology that has the potential to transform smart factories in several ways. A recent Deloitte and the Manufacturing Leadership Council (MLC) report found that nearly two-thirds of manufacturing executives believe the industrial metaverse will fundamentally transform how organizations do business, interact, collaborate, or have value-added virtual experiences […]
Adidas Residency: Brands Using Art in the Web3
Adidas dives deeper into the Web3 world with its innovative art residency initiative, aptly named Residency by Adidas. The program is a facet of the Three Stripes Studio unveiled earlier this year. It aims to nurture Web3 artists and facilitate the creation of artist-rendered digital products and NFTs (Non-Fungible Tokens). Adidas aims to collaborate with a diverse pool of […]
Roblox AI Assistant: A Tool for Businesses in the Metaverse?
The metaverse is a new virtual world where people can interact with each other and businesses. AI can play a big role in the metaverse, creating immersive experiences and managing risks. AI can improve customer experience in the metaverse by making it easier for businesses to create virtual worlds. Roblox, for example, announced a new […]
NFT Fest Lugano: A Glimpse into the Future of Blockchain and NFTs
On September 7th, NFT Fest Lugano took place, a five-day event all about Blockchain, NFTs, Web3, Crypto, and the Metaverse. The event featured many international experts, thought-provoking discussions, gaming rooms, and interesting new projects. I had the privilege of being present, which enabled me to convey the event's insights in this article. When I arrived, the outside […]
Nintendo Working on Standalone VR Device with Google?
Nintendo is reportedly working on a standalone VR device in collaboration with Google. The device will feature a MicroLED screen and be designed for multiplayer use in the home. It will also offer a "mixed reality experience" that combines virtual elements with the user's physical environment. The news comes from leaker Nash Weedle, who has […]
Tiffany & Co. AR Introduces New Marketing Frontier
Luxury jeweler Tiffany & Co. brought AR to the US Open tennis tournament in a new partnership with Snap. The AR experience, available through an AR mirror at the tournament, allows attendees to play with a digital, diamond-encrusted tennis racquet and interact with digital trophies. The project is a way for Tiffany to showcase its […]
K-Pop Group BLACKPINK Unveils Metaverse Experience on Roblox
Renowned K-pop group BLACKPINK is making waves in the digital space with the announcement of "BLACKPINK: The Palace". Developed with British studio Karta, this is set to be an interactive fan engagement initiative on Roblox. The project will debut on August 25, providing dedicated BLACKPINK fans, or Blinks, with an unprecedented virtual experience. The virtual […]
China Metaverse Social Credit System and Its Implications
China Metaverse will incorporate its social credit system. The Chinese government's proposal to incorporate its social credit system into virtual worlds and the Metaverse has sparked widespread discussion. This idea of merging real-world governance principles with digital environments raised important questions about privacy, freedom, and the potential changes to online interactions. What is China's Social […]
The Sandbox Unlocks 332 Million SAND Tokens, Price Drops
The Sandbox unlocked a total of 332 million SAND tokens, which is around 16% of the digital asset’s current circulating supply. The unlocked tokens are worth around $133 million at the time of the unlock. On August 14th, the unlocking of SAND had a major impact on its price which has been on a downward […]
The BAYC Meets the Metaverse with Wreck League Web3 Game
nWay, Animoca Brands, and Yuga Labs have announced Wreck League. It is a new Web3-powered game that will allow players to build, own, and battle with their own unique Mech fighters. The game will launch in September 2023. Wreck League is a hybrid Web2 and Web3 game. It means that it will be available to […]
World First AR Zoo: How Holograms Will Change Entertainment
The world's first AR zoo opened in Brisbane, Australia. It is already revolutionizing the way we experience animals. Using AR and holographic technology, the Zoo allows visitors to interact with virtual animals in a way that was never before possible. The experience begins with visitors putting on a pair of special glasses. These glasses track […]
Virtuix Omni VR: The All-in-One VR Treadmill for Consumers
Virtuix is a company that has been developing VR treadmills for over a decade. Their first product, the Virtuix Omni, was designed for consumers but proved too complex and expensive for most people. The company pivoted to the out-of-home VR attraction space, now installed in 73 entertainment spaces across the US. However, after a $4.7 […]
Roblox Open Beta Launches on Meta Quest VR Headsets
Roblox, the popular game creation platform with over 200 million monthly active users, has arrived on the Meta Quest platform. This is a significant development for the Metaverse, as Roblox is one of the most popular virtual worlds. The platform is already popular with children and teens, and its arrival on Quest could make it […]
Meta Stock Falls Amid AR Struggles
Meta Platforms had one of its best quarters since before it changed its name from Facebook. The company reported 11% year-over-year revenue growth, which is a sigh of relief for investors. Is it because of the Meta AR division? Not at all! This growth is due in part to layoffs and the success of Reels. […]
e& Universe: First UAE Metaverse in the Region
e&, a technology and investment group in the United Arab Emirates (UAE), launched the first UAE Metaverse in the region. The e& universe is a virtual world that allows users to interact, socialize, and explore various experiences, including virtual homes, sports, concerts, and more. The e& universe is powered by HTC's VIVERSE technology, which provides users with a high-quality […]
Zhejiang Province to Promote China Metaverse Industry
China's Zhejiang Province announced the launch of a Metaverse Association to encourage local industry innovation and growth. The association is headquartered in the province's capital of Hangzhou and comprises 91 local Metaverse companies. Its president, Professor Tan Jiangrong, plans to increase its membership to 200 firms by the end of 2025. In fact, the association's […]
Microsoft Industrial Metaverse Leading Innovation
Key Takeaways: Microsoft plans to develop and integrate the industrial Metaverse through immersive technologies. During "Microsoft Inspire 2023", a showcase event covering Microsoft's latest innovations, the tech giant expressed its intention to empower partners to leverage AI technologies and cloud infrastructure to drive innovation and develop transformative solutions for the industry. The industrial Metaverse is […]
Ripple Invests in AI & Metaverse Company amid XRP Jump
Key Takeaways Ripple invests in AI and Metaverse company, Futureverse, closing a $54 million Serie A funding round. The move has given a second wind to XRP prices, which are currently outperforming the top 20 crypto assets. Futureverse already uses AI-driven content creation tools. These tools enhance music, objects, characters, and animations within the Metaverse. These support a higher immersive digital experience. Moreover, […]
Siemens Leading Germany Industrial Metaverse Investment
Key Highlights: Siemens announced a substantial investment of €1 billion to propel Germany Industrial Metaverse Initiatives forward. This development comes after the European Commission's strengthened commitment to the Metaverse. It signal the growing importance of this technology in the European market. This follows the company ambitious €2 billion investment strategy announced few weeks ago. Furthermore, the company has chosen the city […]
Metaverse News: EU Move, UK Education, EMEA, LGU+, India Bank
Latest Metaverse News! The EU is making strategic moves to establish itself as a frontrunner in the Metaverse. Its goal is to counter Big Tech dominance and drive economic growth. Birmingham schools are embracing innovative VR technology to combat knife crime among young individuals. Meanwhile, Matterport and Equinox Technologies are teaming up to expand digital […]
METAVERSE NEWS: China Mobile, VR Healthcare & Dior
In today's Metaverse News edition China Mobile launched a partner program to drive the development of the Metaverse in Asia. Worcester hospitals introduced VR headsets to enhance patient comfort and education, revolutionizing healthcare experiences. Dior is entering the Metaverse with exclusive NFT B33 Sneakers, offering access to the Dior Metaverse. Moreover, the UKAEA, Dell, Intel, […]
Shanghai’s Vision for a Metaverse Future
Shanghai, the bustling Chinese metropolis with a staggering population of 29 million people, has just unveiled an ambitious plan that aims to revolutionize the tourism and cultural sectors through the integration of the metaverse. Set to be completed by 2025, this groundbreaking initiative is projected to generate billions of dollars in revenue. Not only is […]
METAVERSE DIGEST: Investments & Healthcare Breakthroughs
Metaverse investments are revolutionizing the digital landscape with a massive influx of funds. DappRadar's report highlights that Metaverse investments account for a significant portion of total funds in Web3 projects. On one hand, the gaming sector is booming, with platforms like World of Dypians emerging, whereas, on the other, have led to groundbreaking collaborations like […]
METAVERSE DIGEST: Fortnite x Nike Collab, Shanghai Metaverse Roadmap, SoftServe-Valeo Digital Twin Tech, Siemens Metaverse Investments, Honeywell Digital Solution
Fortnite and Nike Team Up for 'Airphoria' Adventure Fortnite, the widely popular video game, has unveiled a collaboration with Nike through an in-game experience named “Airphoria”. While this partnership involves elements of Nike's .Swoosh Web3 platform, it does not integrate NFTs into the Fortnite game. The .Swoosh platform, which deals with digital apparel and accessories […]
Metaverse Digest: Finland Digital Transformation, LVMH & Epic Games Partnership, Hexagon AB & NVIDIA, Metaverse Beauty Week, Latest Partnerships
Tampere’s Digital Transformation Through Sustainable Metaverse Development Key Highlights Tampere, Finland is making waves as a pioneering Metaverse city. The city’s commitment to integrating the digital and physical worlds was highlighted at the Tampere Smart City Expo & Conference. The Metaverse is an immersive digital environment that aims to enhance the daily experiences of city […]
New VR Headset: Competition Between Apple and Meta. The Race Has Started!
Meta has unveiled its eagerly anticipated VR headset, Quest 3. The CEO of Meta Platforms, Mark Zuckerberg, introduced the mixed-reality device on Instagram just hours before the company's annual gaming conference, the Meta Quest Gaming Showcase. Meta's blog post revealed details about the new headset, including its sleek design, which is 40% thinner than its […]
METAVERSE DIGEST: Apple’s Mira Acquisition, NVIDIA Omniverse Manufacturing, Lenovo Headset
Apple's Mira Acquisition After Vision Pro Launch to Shape Mixed Reality Future Key Takeaways: In a strategic move to strengthen its foothold in the mixed-reality domain, Apple has confirmed its acquisition of Mira, a startup that specializes in smartphone-powered augmented reality (AR) headsets. This comes closely on the heels of Apple announcing its new virtual […]
What You Didn't Know about Apple's Reality Pro Headset (Most Likely, its Success Doesn’t Matter)
Everyone seems to be eyeing the Apple keynote on June 5th. Excitement abounds as to how great the supposed Apple Reality Pro headset will be. I think most analysts are missing the point by looking too closely. As innovative as the new product might be, its commercial success - or price, for that matter - […]
METAVERSE DIGEST: Hong Kong Security Project, Meta Quest 3, New Design Hub in the Metaverse, World's First Bitcoin Tower, BBC Becomes Virtual
CyberDefender: Hong Kong's Initiative to Shield Metaverse Against Cyber Crimes Key Highlights: The Cyber Security and Technology Crime Bureau (CSTCB) of the Hong Kong Police Force has introduced CyberDefender, a new Metaverse platform, aiming to educate the public about potential dangers associated with Web3 and the Metaverse. The launch coincides with the reported rise in technology-related crimes in Hong […]
METAVERSE DIGEST: China Enters the Metaverse, Axie Infinity on Apple Stores, New Virtual Experiences, Latest Metaverse Partnerships
Nanjing Launches Government-Backed Platform China takes a significant stride in the realm of the Metaverse, with the launch of a state-backed Metaverse platform by Nanjing, capital of the Jiangsu province. Facilitated by the Nanjing University of Information and Science Technology, the platform brings together various academic institutions and Metaverse-centric companies. The move to create a unified, digital space signifies China's robust […]
Metahype: CUPRA's Innovative Virtual Journey
In the ever-evolving landscape of the Metaverse, its transformative influence extends far and wide, including the dynamic world of automotive. From immersive virtual test drives to captivating interactive showrooms, the possibilities are endless. The Metaverse has the potential to reshape how we perceive, engage with, and even manufacture cars. Whether you're an automobile enthusiast or […]
METAVERSE DIGEST: The Voice Virtual Experience, LEGO and Epic Games Collaboration, Shiba Inu Hubs, Race to the Metaverse
The Voice Debuts Immersive Virtual Experience The acclaimed reality show, The Voice, in collaboration with ITV Studios and The Virtual Brand Group, is breaking new ground with the launch of "The Voice Studios" - an innovative virtual experience hosted on the Decentraland platform. This initiative invites fans worldwide to showcase their talents, compete in Battle rounds, and potentially audition for an upcoming […]
METAVERSE DIGEST: AlUla Skies Festival, Travelzoo Meta, Walking Dead Contest, Turkey's Metaverse Office, Henan Province's Investment
AIUIa Skies Festival Takes Flight in Decentraland's Metaverse The AlUla Skies Festival has made its grand entrance into the virtual realm of Decentraland, bringing an extraordinary experience to visitors. This unique event, organized by CryptoAngel and presented in partnership with Metakey, invites participants to embark on a virtual hot air balloon ride, offering a mesmerizing […]
METAVERSE NEWS
TOMB CHASER RELAUNCHES IN DECENTRALAND WITH EXCITING REWARDS Polygonal Mind has relaunched Tomb Chaser, the first platform game in Decentraland, with a new twist. The game now features a cyberpunk pagoda with a fusion of tech and spirituality and mysticism and power symbols of an Aztec temple. Players who complete the game will receive the exclusive 'Uxmal Mask,' […]
BeNFT: AI education and rewards empowering global students
Last week, the Tech Times reported on BeNFT, the ultimate virtual learning environment that combines blockchain technology and AI avatars. BeNFT's goal is to foster global collaboration in education, where students worldwide can share knowledge, exchange ideas, and work together towards a brighter future. Via the platform, they aim to revolutionize education, making it more […]
The Future of the Metaverse: Uncertain Times Ahead?
The Metaverse concept has been a topic of extraordinary interest among tech giants in recent years. However, it seems that Mark Zuckerberg has shifted his attention away from his ambitious project of Meta and towards artificial intelligence (AI), leading some to speculate that the Metaverse is dead. At first, Zuckerberg had positioned the Metaverse as […]
Metaverse in Switzerland: Collaboration for Innovation & Growth
In March representatives from different industries announced the founding of the Swiss Metaverse Association with the aim of establishing Switzerland as a global leader in the metaverse. Forty-seven organizations have joined forces to create a platform for exchanging ideas, testing concepts, and advocating for a favorable regulatory framework. The Metaverse Association is chaired by Tina […]
Look What You Made Me Do. Taylor Swift Is Creating Her Own Metaverse
Taylor Swift's meticulous online rollout for her new album, Midnights, culminated last night with a "special very chaotic surprise" at 3 a.m. ET. The artist previously revealed the 13 track titles in a TikTok video series called Midnights Mayhem With Me and shared a full release schedule with fans on Instagram. Fans can now listen […]
From Web2 To Web3: Try Out These New Alternatives
Web2 is quickly becoming a thing of the past. Believe it or not, we are gradually moving from the Internet of the previous generation to the new wave of the Web. The Internet that we have always known has not been a solid constant; rather, it has been gradually evolving and changing. Web1 was primarily […]
A New Word of Immersive Technologies - Participation experience (PX)
FIFA World Cup Qatar 2022 took place not long ago. Millions of sports fans gathered to celebrate this event, watch the game, see their favorite players, make new friends, and simply feel a part of something bigger by sharing a common ambiance. In 2010 Marina Abramović performed The Artist is Present at the New York […]
Metaverse Ecosystem Explained
In 2021 we witnessed how the metaverse began appearing in the headlines of Forbes, The Washington Post, The Economist, and other major publishers. At the same time, tech giants worldwide began proclaiming metaverse as part of their new strategy. Indeed, we are on the threshold of Web 3.0, where the metaverse is an inseparable part […]
Types of Virtual Reality & 7 Effective VR Marketing Strategies
You might be surprised to learn that modern VR is based on ideas from the 1800s when practical photography was invented. The first stereoscope emerged in 1838, using two mirrors to project one image. Since then, technological revolutions have shaped and structured the VR world. A series of technological advances led to the creation of virtual […]
The Future Cities of the Metaverse
Previously, by playing different video or computer games (for instance, Sims or GTA), gamers enjoyed building and interacting with virtual cities. Today, traveling in the virtual world seems more than possible, thanks to the metaverse. What will cities in the metaverse look like? Would that be ultra-futuristic cities, the fantasy world, or the digital copy […]
Will the fall of NFT sink Web3 and the Metaverse?
The weekly sales volume of Non-Fungible Tokens has significantly increased from 100 sales in 2017 to an estimated 15,000 or even 50,000 by 2022. You may have heard rumblings about Non-Fungible Tokens (NFTs) recently, and the hype around this technology this year was truly remarkable. Do you remember the wild buying of Bored Appes for tens of […]
Business Goes to the Roblox
Roblox has been around since 2004, but it has only recently become popular because of the metaverse trend. The question of whether Roblox can be considered as a metaverse is still open. Still, Roblox is often called a precursor to the metaverse because it has a lot in common with this technology. Roblox games create […]
Why Metaverse is Mobile-First
In the previous editions of Adello Magazine, we have been exploring and sharing ideas around Extended Reality (XR), which includes Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR), and its relation to the metaverse. Besides highlighting the exciting opportunities XR opens for users and businesses, we also expressed our critical views towards XR in general […]
The Metaverse - A Fast-moving Expanding Galaxy after the Big Bang
When the first smartphones came onto the market, there was a lot of hype about this revolutionary technology. After almost two decades, smartphones have become an integral part of our lives. In the meantime, the technology has evolved and produced various new, exciting innovations. Many of these innovations led to the Metaverse. As with the […]
What Is Metaverse Preparing for Us? Q&A from the Metaverse Panel Discussion
The 28th Adello Industry Event took place on 2.2.22. The topic of the discussion was “Metaverse: Technological Gimmick or the Most Important Invention after Mobile?”. The event hosted Thomas Hutter, CEO of the advertising consultancy company Hutter Consult, and Dr. Margarethe Dopf, Chief Business Development Officer at the digital tourism organization Speed U Up Suisse. Mark Forster, […]
Artificial Intelligence
Google Close to Release Gemini: The AI Battle Heats Up
Google is on the verge of releasing Gemini, a potent AI offering set to compete with OpenAI's ChatGPT and its GPT-4 model. This venture is a strategic response by Google, which was prompted by the resounding success of ChatGPT last November, necessitating Google's concerted efforts to catch up in the generative AI domain. Gemini is […]
ChatGPT Officially Resumes Real-Time Web Browsing
OpenAI has reactivated the web search functionality for ChatGPT, its generative AI tool. Initially launched in May, the feature was temporarily pulled in July due to concerns of users bypassing paywalls. The new search function is powered by Microsoft's Bing search engine, a major investor in OpenAI. This is seen as a crucial step in […]
OpenAI Upgrades ChatGPT with New Voice and Image Features
OpenAI has unveiled substantial upgrades to ChatGPT, revolutionizing the way users interact with artificial intelligence. The major update incorporates voice and image capabilities, elevating the user experience to a more intuitive level. Users can now engage in voice conversations with ChatGPT, offering possibilities to converse on-the-go, request quick analysis, or resolve discussions. They can choose […]
DALL-E 3: OpenAI's Advanced Text-to-Image with ChatGPT Integration
OpenAI has introduced the latest iteration of its text-to-image tool, DALL-E 3, employing ChatGPT to help generating prompts. This new feature will enhance the user experience by allowing them to request images with more accurate requests, as prompts will be adjusted through interactions with ChatGPT itself. With DALL-E 3, users can simply input their image […]
Google Partners with the Department of Defense to Build AI Microscope "ARM"
Google has joined forces with the U.S. Department of Defense to create an innovative tool for the medical field, the Augmented Reality Microscope (ARM). ARM is a cutting-edge AI-powered microscope designed to assist pathologists in diagnosing cancer and streamlining their workflow without disrupting established processes. This state-of-the-art microscope uses real-time machine learning to enhance visual […]
Salesforce's Einstein Copilot: Revolutionizing CRM with Conversational AI
Salesforce, the global leader in CRM software, is making headlines in AI with the introduction of Einstein Copilot. Announced at the annual Dreamforce conference in San Francisco, this AI assistant is designed to revolutionize user interactions within the Salesforce ecosystem. Einstein Copilot builds upon Salesforce's existing AI framework, which began with the introduction of Einstein […]
Apple's Subtle AI Revolution: Enhancing Core Functions
Apple's recent product releases, including new iPhones and Watches, reveal a subtle but significant integration of AI technology. While the company doesn't explicitly mention "artificial intelligence," it's clear that AI is at the heart of its efforts to enhance user experiences. One notable development is the introduction of improved semiconductor designs powering AI features in […]
AI Song "Heart on My Sleeve" Submitted for Grammy Nominations
The music industry is witnessing a groundbreaking moment evolving around the AI-generated song, "Heart on My Sleeve". The song, which remarkably emulates the voices and style of Drake and The Weeknd, is now up for Grammy consideration. Crafted by the anonymous artist known as Ghostwriter, the track gained rapid viral popularity earlier this year due […]
Zoom Introduces AI Companion: Your Personal Meeting Assistant
Zoom, the leading video-conferencing platform, has introduced its AI Companion, previously known as Zoom IQ. This innovative AI assistant aims to revolutionize the way users engage with the platform. Plus, Zoom aims at expanding significantly its capabilities in the coming months. The new service offers a range of features designed to boost productivity and enhance […]
Crypto Exchange Bybit Introduces AI Assistant 'TradeGPT'
Dubai-based cryptocurrency exchange Bybit has launched an innovative AI-driven trading assistant named 'TradeGPT'. This tool leverages artificial intelligence (AI) and language models to provide traders with valuable market insights and technical assistance. TradeGPT is described as an educational tool powered by AI, utilizing the generative capabilities of ChatGPT's extensive language model in conjunction with Bybit's […]
UK Parliament Calls for Urgent AI Legislation
UK Members of Parliament (MPs) have issued a warning regarding the urgency of passing new AI legislation. They have stressed that the UK's ambition to lead in AI regulation is at risk unless new laws are introduced by November. Failure to do so could allow the European Union to surpass the UK in establishing AI […]
OpenAI Launches ChatGPT Enterprise, a Business-Grade Chatbot
OpenAI launched a new AI-powered chatbot called ChatGPT Enterprise. It is specifically designed for businesses, offering features not found in the consumer version of ChatGPT. Related Articles LAB51 on ChatGPT Enterprise The launch of ChatGPT Enterprise is a significant development in the field of AI chatbots. However, it is important to note that the tool […]
ElevenLabs AI Voice Generator & Legal Implications
ElevenLabs, a company specializing in AI voice generation, announced that its voice cloning technology is now fully released and available. The company targets media companies such as publishers and video game developers as potential customers for their technology. ElevenLabs' voice cloning technology enables users to create AI-generated voices that mimic any person's voice. This can […]
US Court Denies Copyright for AI-Generated Art
In a recent decision, a U.S. court in Washington, D.C. has established that artworks produced entirely by AI without human involvement cannot be granted copyright protection according to US law. The ruling has been delivered by U.S. District Judge Beryl Howell. The verdict, issued on Friday, is also in line with the Copyright Office previous […]
Google Explores AI for Personal Life Coaching
Google is actively exploring the integration of generative AI technology for a range of personal and professional life coaching tasks. This can potentially transform it into a virtual life coach. Earlier this year, Google merged its research lab, DeepMind, with its AI team, Brain. The goal was to accelerate advancements in AI technology and compete […]
Amazon Enters the AI Race with Custom AWS Chips
Amazon's mission to assert itself in the realm of generative AI is gaining momentum. The tech giant is now working on its custom-designed AWS chips, Inferentia and Trainium. These microchips offer an alternative to Nvidia GPUs, commonly used for training large language models. Amazon's teams are working on these chips to provide its Amazon Web […]
IBM Research Unveils Revolutionary AI Chip for Deep Learning
IBM Research has unveiled a revolutionary analog AI chip that represents a significant advancement in the realm of high-performance artificial intelligence computing. The chip marks a significant leap forward in achieving energy-efficient AI computations without compromising computational accuracy. Traditional digital computing architectures face limitations when executing deep neural networks (DNNs) due to the constant data […]
Microsoft and Aptos Labs Announce AI-Blockchain Partnership
Microsoft is joining forces with Aptos Labs, a prominent developer of layer 1 blockchain technology. The significant collaboration aims to exploit the combination of artificial intelligence with the expanding Web3 and Blockchain ecosystems. The partnership will boost transparency, trust, and adoption in AI-driven blockchain applications. Aptos Labs is known for its advanced Move programming language […]
Zoom to Allow for AI Training on Customer Data
Zoom updated its terms of service to allow for the use of customer data to train its artificial intelligence (AI) models. The update went into effect on July 27 and gives Zoom the right to use "service-generated data" to train its AI. This includes customer information on product usage, telemetry and diagnostic data, and similar […]
FBI Warns of AI Cybercrime Growing Threat
The FBI has warned that hackers are increasingly using AI for cybercrime. The Federal Bureau saw a "significant increase" in the use of AI Cybercrime. Some individuals use AI to create phishing emails that appear genuine. They also develop counterfeit websites that can distribute malware. Additionally, they create polymorphic malware that can avoid detection by […]
Bank of America Contradicts Prior Warnings on AI Financial Bubble
Contrary to its previous warnings, Bank of America's strategists, under Michael Hartnett's guidance, now assert that the AI financial bubble is not likely to burst in the near future. Initial concerns were raised about the rapid growth of AI and tech stocks. These raised suspicions of a potential bubble formation similar to the dot-com bubble […]
AI Giants Launch Forum to Promote Responsible AI Development
AI Development is rapidly accelerating. AI models are becoming more powerful and sophisticated. This has raised concerns about the potential risks of AI, such as the misuse of AI for malicious purposes or the unintended consequences of AI-powered systems. In response to these concerns, a group of leading AI companies - Anthropic, Google, Microsoft, and […]
Stability AI Unveils FreeWilly1 and FreeWilly2
Stability AI's CarperAI Lab has unveiled FreeWilly1 and FreeWilly2, two powerful open-source Large Language Models (LLMs). These model have been designed to push the boundaries of language understanding and reasoning. Developed with the industry-standard Alpaca format, they both leverage Meta's LLaMA: Microsoft's groundbreaking Orca project influenced the team's approach to training these models. They leveraged […]
OpenAI Introduces Custom Instructions for ChatGPT
OpenAI has unveiled a new feature for ChatGPT users, custom instructions, which streamlines interactions with the popular AI chatbot. With this update, users can provide specific prompts, avoiding the need to reiterate instructions during each interaction. This enables users to share any context they want ChatGPT to consider while generating responses. For instance, a teacher […]
Stability AI CEO Predicts AI as the "Biggest Bubble"
Emad Mostaque, CEO of Stability AI, has made a bold prediction that AI will be the "biggest bubble of all time". During a call with UBS analysts, Mostaque referred to this as the "dot AI" bubble. He emphasized that it is still in its early stages, and not yet ready for widespread adoption. Stability AI […]
Apple Tests Generative AI with "Apple GPT" Chatbot Project
Apple is quietly working on its own chatbot, "Apple GPT", as it seeks to catch up with competitors in the AI landscape such as ChatGPT, Bard, and now also LLaMA 2. The project revolves around leveraging the proprietary LLM framework, known as "Ajax". This is running on Google Cloud and built using Google JAX. According […]
Meta Launches Free Open-Source LLaMA 2 to Challenge ChatGPT
Key Takeaways: Tech giant Meta has taken a significant step into the world of open-source AI by unveiling LLaMA 2, its latest suite of AI models. This move is part of Meta's effort to compete with rivals like OpenAI and expand its presence in the AI space. This is the company's first large language model available for public use, providing researchers with access to […]
FTC vs ChatGPT: The Battle for AI Ethics and Consumer Rights
The Federal Trade Commission (FTC) of the United States is investigating OpenAI, the company behind the popular chatbot ChatGPT. The agency wants to know if the company's artificial intelligence products generate false and harmful content, violating consumer protection laws and endangering user rights. FTC Questions OpenAI’s Data and Practices This week, the FTC issued a […]
AI News: Bitcoin Adoption, Elon Musk Launches xAI, KPMG, EU & Japan, Claude 2
Welcome to AI News by Lab51. This week's highlights include updates on the convergence of Bitcoin and artificial intelligence, Elon Musk's new company xAI, KPMG $2 billion investment, a new collaboration between European Union and Japan, and the official release of Claude 2 by Anthropic. AI and Bitcoin Converge with Hayes Prediction and Lightning Network […]
Hospitals Are Currently Conducting Tests on Google's Medical AI Chatbot
In today's healthcare landscape, artificial intelligence has emerged as a powerful tool that plays a significant role in understanding and consulting with patients. By leveraging advanced algorithms and data analytics, AI offers a range of benefits that enhance the healthcare experience. From analyzing patient data and engaging in meaningful conversations to providing decision support and […]
AI NEWS: ChatGPT Lawsuit, Neko Health, Steam Concerns, OpenAI’s Task Force, Inflection AI
Welcome to AI News by Lab51. This week's highlights include a class-action lawsuit against OpenAI over data usage, Neko Health raising $65 million for AI body scanning, Valve addressing ban claims on AI-generated games, OpenAI launching a specialised team to safeguard against rogue AI, and Inflection AI's $1.3 billion funding for Chatbot Pi development. California […]
Unreliable AI-Generated Sites Displaying Ads for Blue-Chip Brands
Artificial Intelligence has rapidly emerged as a valuable tool for advertisers and marketers, revolutionizing the industry with its capabilities. However, amidst the advancements, a darker side has emerged, revealing the potential abuse and negative consequences of AI technology. In a concerning revelation, a recent report by the NewsGuard has exposed a troublesome trend within the […]
Audi Drives Ahead: AI Boosts Quality and Efficiency
Audi is increasingly applying artificial intelligence to the production of its vehicles. According to the Four Rings brand, AI will now help with quality control. Specifically, the project involves the analysis of spot welds in the bodywork. A delicate process that must be performed with the utmost care to avoid endangering the conditions of both […]
New Generation of QR Codes: Art Meets Technology (and how to make your own)
QR code technology has become incredibly familiar and is now a standard part of advertising and product experiences. In order to keep track of car parts, a Japanese company first created QR codes in 1994. But they became popular later when people started using smartphones with good cameras. Once people started using smartphones, QR codes […]
AI DIGEST: ByteDance GPU Purchase, Unity’s New Platforms, Opera One, Figma AI, Databricks & MosaicML
ByteDance Commits $1 Billion to NVIDIA GPUs for AI Advancements Key Highlights: ByteDance, the Chinese tech giant and parent company of TikTok, has made a substantial investment in NVIDIA GPUs for their artificial intelligence endeavors. With an order valued at $1 billion, ByteDance aims to strengthen its AI capabilities and drive innovation across its platforms. It is also interesting to notice […]
Master Video Creation: Vimeo's AI-Powered Toolkit
According to a survey by Wyzowl, 86% of businesses use video as a marketing tool. But creating engaging videos for online platforms is not an easy task. It requires skills, resources, and time that many people don’t have. How can they overcome this challenge and make video creation easier and faster? The answer is artificial […]
AI DIGEST: Wimbledon Innovates, Meta’s VoiceBox, The Beatles Embrace AI, SK Telecom New Plans
Wimbledon Unveils Plans to Use AI for Commentary Key Highlights: Wimbledon, one of the most celebrated tennis tournaments in the world, is set to captivate fans with an innovative addition this year: artificial intelligence commentary and draw analysis. Leveraging the power of AI technology, Wimbledon aims to deliver an enhanced viewing experience, providing real-time insights and comprehensive analysis to […]
Voicebox by Meta: Revolutionizing Speech Synthesis with Context-Based AI
Meta has recently unveiled Voicebox, its new generative AI model that can create realistic sound clips from text. It claims to produce results up to 20 times faster than the latest AI models with comparable performance. Voicebox departs from the traditional TTS architecture and adopts a model more similar to chatbots like ChatGPT or Bard. […]
Transforming Finance with AI: Friend or Foe?
In recent years, the finance industry has witnessed the integration of cutting-edge technologies, with blockchain, digital currencies, and now Artificial Intelligence (AI) leading the charge. With its ability to analyze vast amounts of data and make complex decisions, AI and AI-powered tools are transforming various aspects of the finance sector. In this article, we'll explore […]
AI DIGEST: Bard Updates, Meta Announces AI Integration, EU Approves AI Act, UK Global Summit, AMD New Chip
Google’s Bard AI Takes Code Generation to New Heights Key Highlights: Google's AI, known as Bard, has reached a significant milestone in coding capabilities. It can now not only generate code but also execute it to answer complex programming questions accurately. Google says that now when you ask Bard a "computational" task like math or string manipulation, the language model will write a program, execute […]
When AI Will Replace Marketers
With the fast growth of AI technologies on the market, the question of whether AI is the Savior or the Grim Reaper for marketers is inescapable. Previously, we had a discussion about whether AI could write a symphony or if AI would replace creative jobs. But the recent success of AI innovations has sparked new […]
Apple vs ChatGPT: Data Privacy at Stake
Data privacy is a hot topic in the era of generative AI tools like ChatGPT, which can create realistic and engaging texts based on user inputs. However, these tools also pose a risk of exposing sensitive information to third parties. This is why a few days after OpenAI released its official ChatGPT app on the iOS […]
AI DIGEST: US and EU Code of Conduct, Instagram’s AI Chatbot, Snapchat Focus on “My Snaps”
US and EU Join Forces to Create New AI Code of Conduct Key Takeaways: The United States and the European Union have joined forces to collaborate on the development of a joint AI code of conduct. The US-EU Trade & Tech Council (TTC), consisting of senior executives from prominent tech companies, will lead the initiative to establish ethical guidelines for AI technology. […]
AI DIGEST: Humanity at Risk, Japan Copyright Laws, Meta Multilingual Model, NVIDIA Unveils AI Supercomputer
AI Leaders Sound Alarm on Risk of Extinction in Open Letter Key Highlights: In a compelling and thought-provoking open letter, AI leaders have raised serious concerns about the potential risk of artificial intelligence (AI) leading to the extinction of humanity. The letter, issued by The Center for AI Safety (CAIS) and signed by prominent figures in AI, warning about the […]
Photoshop's AI Expansion with Firefly Features
Photoshop is on the verge of a generative AI expansion as Adobe introduces a series of Firefly-based features into the application. These new additions allow users to extend images beyond their boundaries using Firefly-generated backgrounds, incorporate objects through generative AI, and utilize a new generative fill function that offers higher accuracy than the previous content-aware […]
Navigating the Digital Landscape: The Growing Demand for Web3 Talent
As the Web3 industry rapidly evolves, there's a growing demand for skilled professionals who can navigate this new digital landscape. While new technologies like AI and the metaverse offer exciting opportunities, they also raise concerns about job losses and how the benefits of these technologies can be shared equitably. Among the biggest challenges facing the […]
AI DIGEST: ChatGPT on iPhone, AI Image Creates Chaos, Adobe Introduces AI in Photoshop, NVIDIA Stocks Rise
OpenAI Unveils ChatGPT App for iOS OpenAI revolutionizes the way we interact with AI by launching the ChatGPT app for iOS. With this innovative app, users can now experience the power of conversational AI directly on their mobile devices. The app's integration with iOS devices brings the capabilities of ChatGPT to users' fingertips, enabling them to explore the vast potential […]
Is AI the New Competition for Authors and Writers?
The creation of AI has taken over the business industries by storm, especially in the Media Sector. Marketers often rely on AI-powered tools like ChatGPT for content creation and data generation. However, there is a concern that this may lead to a decline in genuine content creation, publishing, and market research since the accuracy and […]
Delete your data from ChatGPT now!
The advent of ChatGPT has brought about significant changes, leaving it up to individual judgment to determine whether these changes are positive or negative. However, ongoing discussions continue to examine whether ChatGPT is a revolutionary tool that streamlines various work processes or if it poses a significant threat to humanity. Recently, concerns have surfaced regarding […]
AI DIGEST: Meta’s AI Sandbox, SAP and Microsoft Collaboration, OpenAI CEO Urges Regulation
Meta introduces AI Sandbox and Enhances Meta Advantage Tools for Advertisers Meta, the parent company of Facebook, is taking a significant leap forward in the world of advertising by introducing the AI Sandbox and enhancing its Meta Advantage suite. The AI Sandbox serves as a testing ground for generative AI-powered advertising tools, empowering advertisers to create more engaging and efficient ads. It includes features […]
AI DIGEST: Microsoft Copilot, IBM WatsonX, Google Duet AI, Adello #ChatWithMe
Microsoft's Copilot: Revolutionizing Productivity with New AI Assistance Microsoft is pushing the boundaries of productivity with the introduction of Copilot, an innovative AI-powered application that, as we learned during the presentation, can provide assistance in content creation and the use of many applications included in the subscription (Word, Excel, etc.). Copilot aims to revolutionize the […]
AI NEWS
AI PIONEER GEOFFREY HINTON RESIGNS FROM GOOGLE, WARNS OF MACHINE LEARNING RISKS Geoffrey Hinton, a well-known computer scientist considered by some as the "Godfather of AI", has resigned from Google, citing concerns over the ethical implications of machine learning. Hinton warned that AI could potentially pose serious risks to society if left unchecked. He has expressed concerns about the […]
Infants Are Smarter Than AI
As AI continues to develop rapidly, there is a growing curiosity about whether its capabilities will surpass those of humans. Many are wondering if there is already an equation between the human mind and AI machines. However, the reality is that AI capabilities remain limited. There is one particular example to demonstrate it. According to […]
The Future of ChatGPT: Is Its End in Sight?
This year has been truly remarkable for the tech industry, and ChatGPT is leading the charge with its revolutionary advancements. The AI technologies of the past were not advanced enough and simply couldn't match the cutting-edge capabilities of ChatGPT, which has shattered boundaries that were once thought impossible. With the latest version, ChatGPT 3, its impressive list […]
From Idea to Reality: Burger King's AI-generated Creative Combos
The use of Artificial Intelligence (AI) in advertising campaigns is becoming more prevalent among companies, and Burger King is no exception. In recent weeks, Burger King has demonstrated a strong commitment to this field and has leveraged AI technology to the fullest extent. Specifically, Burger King Germany enlisted the help of Midjourney, one of the […]
The Fine Line of Fair Use: AI and Copyright Concerns
Generative AI has made its mark in the tech industry thanks to its ability to assist in millions of daily tasks for various personal and commercial purposes across multiple industries, like Marketing, Advertising, Media, Communication, Art, Education, Healthcare and more. According to data from Pitchbook, the generative AI space raised a staggering $1.3 billion in […]
When the Machines Will Start Speaking Human and How It Will Benefit Web 3.0
Blake Lemoine, a software engineer at Google, recently made a remarkable statement. He claimed that the corporation’s conversational AI bot LaMDA (Language Model for Dialogue Applications) had obtained consciousness. Lemoine noted that the chatbot speaks its rights and perceives itself as a person. In response, company management suspended him from work - reported by The Washington […]
Artificial Intelligence, Mobile Advertising, and Boosted ROI
Sci-fi movies showcasing self-programming computers were closer to a dream than reality just a decade ago. Today, we are fighting a war against online data privacy while talking to Siri and being astonished at how an app or site is displaying advertisements of (related) products we just searched for. Artificial intelligence (AI) has already been […]
Can AI Compose a Symphony?
Undoubtedly, AI can optimize an incredible amount of processes, getting our daily routine activities done faster and more efficiently. AI is closely integrated into our lives and, at the same time, remains hidden. Users often don’t even notice AI’s presence in their lives. However, as a civilization, we are inevitably heading towards an edge where […]
The End of Creativity Labor in Marketing as AI Steps Forward?
A hard-to-swallow pill for all professionals is that technologies will always outpace skills. And this is quite unfair: imagine mastering the skill for years, and then suddenly new technology appears and performs your tasks quicker, better, and more accurately. This would destroy you as a professional, your hard work, and many years of experience. And […]
Crypto
Private vs. Public Blockchains: Which Is Right for Your Business?
The blockchain landscape presents a fundamental choice: private or public blockchains. Each option holds distinct characteristics that cater to specific needs and objectives. In this article, we delve into the space of private and public blockchains, providing insights to help you decide which aligns better with your business requirements. Understanding Private Blockchains Advantages of Private […]
Bitcoin vs. Ethereum: A Comparative Analysis of Two Industry Giants
Everyone in the space knows about the two industry giants, Bitcoin and Ethereum. However, these are often looked at solely from an investment perspective. In this article, we will conduct a comparative analysis of Bitcoin and Ethereum, shedding light on their fundamental differences and applications. Bitcoin and Ethereum, the two cryptocurrency titans, are often compared […]
SEC Chair Gensler Deals with Crypto Challenges in Congressional Hearing
In a recent congressional hearing, Gary Gensler, the chair of the U.S. Securities and Exchange Commission (SEC), emphasized his critical stance on the crypto industry. He raised concerns about how crypto companies handle customer assets, highlighting the dangers of commingling assets which, in his view, have historically not yielded positive outcomes. One significant point of […]
Blockchain Explained: The Foundation of Web3
In the digital age, the internet is an integral part of our daily lives, influencing how we communicate, make payments, read news, work, and socialize. With the rise of Web3, the internet is undergoing a transformative shift, and at its core is blockchain technology. In 2023, understanding the fundamentals of blockchain is becoming essential to […]
MicroStrategy Buys $147M Bitcoin, Now Holds $4.68B Worth
MicroStrategy continues to solidify its position as a Bitcoin investor. It does this with the recent purchase of 5,445 BTC for approximately $147.3 million in cash. The acquisition took place between August 1 and September 24, with an average price of roughly $27,053 per Bitcoin. This new addition brings MicroStrategy's total Bitcoin holdings to an […]
Grayscale Investments Officially Files for Ethereum Futures ETF
Grayscale Investments has now officially submitted an application to the US Securities and Exchange Commission (SEC) for a new cryptocurrency Exchange-Traded Fund (ETF). However, unlike the numerous Bitcoin spot ETFs awaiting regulatory approval, this time Grayscale's ETF focuses on Ethereum futures. The proposal outlines that this ETF will not directly transact in Ethereum nor need […]
Citigroup Ventures into Blockchain with Citi Token Services
Citigroup, a prominent investment banking firm, has unveiled its entry into the blockchain space with its Citi Token Services. This service is designed for institutional clients, enabling their deposits to be transformed into digital tokens for seamless global transactions. Citigroup stated that the tokens will operate on a private blockchain, one managed exclusively by the […]
Shifting Focus to Business: Google Cloud Perspective on Web3
James Tromans, the Head of Web3 at Google Cloud, presented his view on Web3 during an interview with Cointelegraph. He believes the crypto industry needs a new perspective: a shift of focus from token prices to utilizing blockchain's potential for solving genuine business challenges. In the interview, Tromans highlighted the significance of concentrating on business […]
Telegram Announces Integration of Self-Custodial Crypto Wallet
Telegram, the popular chat application with 800 million monthly active users, has unveiled TON Space, a self-custodial cryptocurrency wallet. The announcement, made in collaboration with the TON Foundation, signifies a bold move by Telegram, considering the ongoing legal battles with the SEC faced by crypto projects in the United States. Developed by the Open Network […]
Major Financial Player Franklin Templeton Enters Bitcoin ETF Race
Franklin Templeton, a financial giant with nearly $1.5 trillion in assets under management, has thrown its hat into the ring in the race to launch a spot bitcoin exchange-traded fund (ETF). In their filing with the U.S. Securities and Exchange Commission (SEC), Franklin Templeton outlined plans for a Coinbase-custodied ETF that would trade on the […]
NFT Fest Lugano: A Glimpse into the Future of Blockchain and NFTs
On September 7th, NFT Fest Lugano took place, a five-day event all about Blockchain, NFTs, Web3, Crypto, and the Metaverse. The event featured many international experts, thought-provoking discussions, gaming rooms, and interesting new projects. I had the privilege of being present, which enabled me to convey the event's insights in this article. When I arrived, the outside […]
CFTC Files Charges Against Three DeFi Protocols
The U.S. Commodities and Futures Trading Commission (CFTC) recently took action against three prominent DeFi protocols – Opyn, ZeroEx (0x), and Deridex. The charges against the protocols include multiple violations, including unauthorized leveraged and margined retail commodity transactions in digital assets. A primary concern was their failure to secure the required licenses for operations within […]
Former FTX Executive Ryan Salame Pleads Guilty
Ryan Salame, former executive at FTX, has entered a guilty plea related to the exchange's downfall. This marks the fourth individual associated with FTX's founder, Sam Bankman-Fried, to admit criminal wrongdoing in connection with the exchange's collapse. Salame's admission came during a hearing in a federal court in New York. He pleaded guilty to conspiring […]
Bitcoin ETFs: Everything You Need to Know
In recent years, the financial landscape has witnessed a fascinating convergence between the world of blockchain technology and the traditional financial sector. A significant manifestation of this intersection is the growing interest surrounding the filing of Bitcoin Exchange-Traded Funds (ETFs) by several prominent financial firms such as Blackrock and Fidelity. This paper wants to delve into the core […]
MetaMask Unveils 'Sell' Feature to Turn Crypto into Fiat
MetaMask, one of the world's most popular cryptocurrency wallets, has unveiled a significant new feature called 'Sell'. This will allow users to exchange their crypto holdings, specifically Ether (ETH), for traditional fiat currency. This move marks a notable step toward enhancing the functionality of MetaMask as more than just a crypto wallet. With this feature, […]
Crypto Exchange Bybit Introduces AI Assistant 'TradeGPT'
Dubai-based cryptocurrency exchange Bybit has launched an innovative AI-driven trading assistant named 'TradeGPT'. This tool leverages artificial intelligence (AI) and language models to provide traders with valuable market insights and technical assistance. TradeGPT is described as an educational tool powered by AI, utilizing the generative capabilities of ChatGPT's extensive language model in conjunction with Bybit's […]
Grayscale Secures Legal Victory Over the SEC for Bitcoin ETF
In a significant legal victory, Grayscale Investments has triumphed over the SEC's decision regarding its Grayscale Bitcoin Trust (GBTC). The SEC had previously rejected Grayscale's application to convert GBTC into a listed Bitcoin ETF, citing concerns about fraud prevention. The US Court of Appeals Circuit Judge Neomi Rao has ruled in favor of Grayscale. In […]
Elon Musk's X Obtains Required License for Crypto Payments
Elon Musk's X, formerly known as Twitter, obtained a "Currency Transmitter" license from the state of Rhode Island. It will allow to storage, transfer, and exchange of digital assets on behalf of its users. The license is a key step in X's becoming a more crypto-friendly platform. In recent months, Musk has repeatedly hinted that […]
SEBA Bank Secures Approval for Hong Kong Crypto Services
SEBA Bank can offer crypto services in Hong Kong. The Swiss bank that supports cryptocurrencies received initial approval from the Hong Kong Securities and Futures Commission (SFC) for offering the service. This approval allows SEBA Bank to offer over-the-counter: However, the Hong Kong branch cannot convert fiat currencies to cryptocurrencies. Clients can go to SEBA […]
Banking Evolution in the Age of Bitcoin: Adapting or Fading Away?
During the first days of May 2023, we witnessed two major financial events regarding Bitcoin and the financial system. Let’s discuss these in the context of the larger financial system. Is there a connection between the two? The traditional banking system is actually failing? Is crypto going to replace it? Things are moving fast in […]
Tornado Cash Developers Charged with $1B Money Laundering
The U.S. Department of Justice (DOJ) has charged the developers behind Tornado Cash, a decentralized cryptocurrency mixing service, with money laundering and sanctions violations. Roman Storm and Roman Semenov, two of the co-founders of Tornado Cash, are accused of creating, operating, and promoting the platform, which facilitated more than $1 billion in transactions. The mixing […]
Sam Bankman-Fried Pleads Not Guilty in FTX Legal Case
Sam Bankman-Fried, the former CEO and co-founder of the crypto exchange FTX, has entered a plea of not guilty to charges of fraud and money laundering. The charges were filed in an updated indictment by prosecutors, and were heard in court by Judge Sarah Netburn on August 22. The indictment against Bankman-Fried includes seven counts […]
The Art of Making Money: Memecoin Economy Examination
In the expansive and diverse Web3 universe, a new phenomenon has caught the public eye. Rhett Mankind is a digital artist based in Melbourne. He struck a rich vein with his daring blend of art and finance - TurboToad, a memecoin. This venture provides a captivating example that allows us to scrutinize the flourishing memecoin […]
Coinbase Secures US Approval for Cryptocurrency Futures Trading
Coinbase, the leading cryptocurrency exchange in the United States, has achieved a significant regulatory milestone by gaining approval from the National Futures Association (NFA) to introduce cryptocurrency futures trading to its eligible US clients. This approval positions Coinbase as the first regulated entity in the US to provide both spot trading and futures derivatives within […]
Europe's First Spot Bitcoin ETF Goes Live
Jacobi Asset Management, a London-based firm, has marked a significant milestone in the world of cryptocurrency investment. On Tuesday, it launched Europe's first spot Bitcoin exchange-traded fund (ETF) on Euronext Amsterdam. The ETF, named the Jacobi FT Wilshere Bitcoin ETF, has gained regulatory approval from the Guernsey Financial Services Commission (GFSC). This will likely trade […]
SEC Delays Decision on ARK 21Shares Bitcoin ETF
The US Securities and Exchange Commission (SEC) has delayed its decision on the ARK 21Shares Bitcoin ETF application. This has caused further waiting time for the much-anticipated offering. Originally filed in April, the decision deadline was set for August 13. While this delay is a setback, the recent surge of ETF applications, including those from […]
Coinbase Officially Launches Its Own Blockchain, Base
Coinbase, the leading cryptocurrency exchange in the US, has made history by launching its very own blockchain named Base. This significant move has set a new precedent, as Coinbase becomes the first publicly listed company to establish its own distributed network. While Base had been available for testing by developers, Coinbase announced that it is […]
Microsoft and Aptos Labs Announce AI-Blockchain Partnership
Microsoft is joining forces with Aptos Labs, a prominent developer of layer 1 blockchain technology. The significant collaboration aims to exploit the combination of artificial intelligence with the expanding Web3 and Blockchain ecosystems. The partnership will boost transparency, trust, and adoption in AI-driven blockchain applications. Aptos Labs is known for its advanced Move programming language […]
Cathie Wood Predicts Multiple Bitcoin ETF Approvals by SEC
Cathie Wood, the CEO of ARK Invest, has shifted her stance on the potential approval of spot-Bitcoin ETFs by the US Securities and Exchange Commission (SEC). In a recent interview with Bloomberg, Wood stated that she believes the SEC could approve several Bitcoin ETFs at the same time. This is contrary to her previous claim […]
PayPal Launches PayPal USD Stablecoin
PayPal launched its own U.S. dollar-pegged stablecoin, PayPal USD (PYUSD). The Ethereum-based token is now available to PayPal users in the U.S. and is the first time a major financial company has issued its stablecoin. PYUSD can be transferred between PayPal and supported external wallets, funded goods and services purchases, or converted to or from […]
Binance Expands Crypto Offerings in Dubai
Binance, the major cryptocurrency exchange, has achieved a significant milestone in its relationship with regulators in the UAE by obtaining a new license in Dubai. The license has been issued to Binance's Dubai-based subsidiary known as Binance FZE. It represents an operational MVP license and has been granted by Dubai's Virtual Asset Regulatory Authority (VARA). […]
Italy Partners with Polygon & Fireblocks to Test Token Assets
The Bank of Italy announced a partnership with the leading Ethereum scaling protocol Polygon and decentralized finance platform Fireblocks. They aim to integrate blockchain technology into the country's financial system. The ultimate goal is to develop a platform that will allow other financial institutions to experiment with token assets. The project is part of the […]
Elon Musk's Tweets Boost Dogecoin
Dogecoin, the cryptocurrency originally created as a joke in 2013, has seen a remarkable surge in value. DOGE has gained over 9% on Tuesday, reaching a trading price of $0.08. In the past week, it has risen by 20%, solidifying its position as one of the best-performing coins in the market. Elon Musk, the CEO […]
Japan Prime Minister Embraces Web3, Binance Ready to Launch
Japan's Prime Minister, Fumio Kishida, has reaffirmed the nation's dedication to nurturing the Web3 industry, considering it a "new form of capitalism". He believes Web3 has the potential to revolutionize the internet and instigate positive social change. During his keynote speech at the WebX conference in Tokyo, Kishida emphasized the importance of bringing industry players […]
Worldcoin by Sam Altman: The Future of Crypto and Digital Identity
Worldcoin, the ambitious crypto project co-founded by OpenAI's Sam Altman, has officially launched after a three-year development journey. The project's goal is to achieve global-scale alignment by creating a unique digital identity for users through eyeball scans using an "orb". This identity, known as World ID, provides "proof of personhood" and addresses the challenges posed […]
Kennedy Jr. Aims to Make America the Crypto Hub
Democratic Presidential candidate Robert F. Kennedy Jr. has proposed two bold policies for his potential administration. First, he wants to exempt Bitcoin holders from capital gains tax when exchanging for U.S. Dollars. He believes this will spur investment, enhance citizen privacy, and retain top talent in the United States. Kennedy aims to make America the […]
Coinbase CEO Meets House Democrats for Crypto Legislation
Key Takeaways: Coinbase CEO Brian Armstrong is scheduled to have a closed-door meeting with House Democrats to discuss digital-asset legislation. The agenda for the meeting includes topics such as tax regulations, national security implications, privacy concerns, and climate considerations. The meeting takes place amid Coinbase's ongoing legal dispute with the Securities and Exchange Commission (SEC). The allegations involve operating an […]
Ripple Labs Celebrates Partial Victory in XRP Case Against SEC
Key Takeaways: Ripple Labs achieved a significant legal victory when a U.S. judge ruled that the company did not violate federal securities law by selling its XRP token on public exchanges. This landmark decision is the first win for a cryptocurrency firm in a case brought by the U.S. Securities and Exchange Commission (SEC). The […]
Crypto News: $120k Bitcoin, SEC, EU & Canada Regulation, Gemini Lawsuit
Welcome to Lab51 Crypto News, your go-to source for staying up to date with the latest developments in the cryptocurrency industry. This week, we cover a range of exciting topics, including new Bitcoin price predictions, updates on the SEC and Coinbase dispute, new crypto regulations in the EU and Canada, and the latest case of […]
CRYPTO NEWS: BlackRock CEO Praises Crypto, Bitcoin Record, SEC Debate, South Korea Legislation, Singapore's Stricter Rules
Welcome to Lab51 Crypto News, your go-to source for staying up to date with the latest developments in the cryptocurrency industry. This week, we cover a range of exciting topics, including BlackRock CEO Larry Fink's recognition of Bitcoin's potential, record-breaking Bitcoin mining revenue, SEC's scrutiny of Bitcoin ETF filings, South Korea's groundbreaking crypto bill, and […]
CRYPTO DIGEST: MicroStrategy Buys More BTC, HSBC’s Crypto ETFs, FTX Return, Fidelity Strategy, Kennedy Supports Bitcoin
MicroStrategy Boosts Bitcoin Holdings: Adds 12,333 BTC Worth $347 Million Key Highlights: MicroStrategy, under the guidance of CEO Michael Saylor, continues to show its strong belief in the future of Bitcoin. The company recently announced its purchase of an additional 12,333 bitcoins, worth $347 million. This move brings MicroStrategy's total bitcoin holdings to an impressive 152,333 bitcoins, valued at over $4.6 billion. […]
Crypto 101: Latest Trends and Tech
Cryptocurrencies are not a monolithic category, but a diverse and evolving landscape of digital assets with different features and purposes. According to Statista, the overall crypto market capitalization reached a record high of over 5 trillion U.S. dollars in June 2023, up from 2.5 trillion in December 2022. The number of identity-verified crypto asset users […]
CRYPTO DIGEST: BlackRock’s ETF, Bitcoin Above $30K, Deutsche Bank Joins the Space, EDX Markets Launch, Binance-SEC Agreement
BlackRock Files for Bitcoin ETF with Coinbase as Custodian Key Highlights: BlackRock, the global investment management firm, has submitted an application for a spot Bitcoin exchange-traded fund (ETF) with Coinbase acting as the cryptocurrency custodian. This strategic move reflects BlackRock's growing interest in the crypto market and underscores the increasing acceptance of Bitcoin among institutional investors. By filing for a Bitcoin […]
CRYPTO DIGEST: Bitcoin Dips, Binance and SEC Updates, a16z in London, Brazil Opens to Crypto, Apple Rejects Bitcoin
Bitcoin Dips Below $25K for the First Time in 3 Months Key Highlights: Bitcoin, the world's largest cryptocurrency, recently faced a significant drop in its price, dipping below the $25,000 mark for the first time in three months. The sudden decline came as the Federal Reserve made a significant announcement regarding interest rates. As the Federal Reserve pressed pause on […]
CRYPTO DIGEST: SEC Sues Binance and Coinbase, Swift and Chainlink Collaboration, Bitcoin Enters Insurance Industry
SEC Launches Lawsuits Against Binance and Coinbase Key Takeaways: The U.S. Securities and Exchange Commission (SEC) has taken a significant step in regulating the cryptocurrency market by filing lawsuits against two major exchanges, Binance and Coinbase. These legal actions indicate an intensified focus on enforcing securities laws within the crypto industry. The lawsuits raise important questions about compliance, investor protection, and the future of […]
CRYPTO DIGEST: WEF Urges Crypto Policy, Russia New Approach, Beijing Plans for Web3 Innovation, Bitcoin Down in May, UAE and Hong Kong Collaboration
World Economic Forum Releases White Paper for Global Crypto Policy Key Highlights: The World Economic Forum (WEF) has recently published a comprehensive report shedding light on the major obstacles and possible solutions in the regulation of crypto assets worldwide. The report delves into the challenges faced by governments and policymakers in adopting effective regulations for the rapidly evolving crypto industry, and it does […]
Vitalik Buterin Ethereum Essay Recap
In this essay, Vitalik Buterin provides an analysis of various strategies for the consensus mechanism of the Ethereum network. Additionally, the essay delves into the potential risks associated with several innovative proposals. The author distinguishes between low-risk practices, such as the dual use of validator-staked ETH, and high-risk approaches that attempt to exploit Ethereum's social […]
CRYPTO DIGEST: Hong Kong Embraces Crypto, Solana Integrates ChatGPT, VISA Tests Account Abstraction, Presidential Candidate Defends Bitcoin, Japan Strengthens Regulation
Hong Kong Opens Doors for Retail Investors in Crypto Market Hong Kong's securities regulator has made a significant stride by allowing retail investors to enter the world of cryptocurrencies. This decision opens new doors for individual investors, enabling them to participate in the dynamic and rapidly evolving crypto market. By providing a regulated framework, Hong Kong aims to ensure investor […]
What's the Deal with Crypto Art?
At first glance, it may appear that Crypto Art and NFTs are the same thing. However, this is not entirely correct. Crypto art is an umbrella term encompassing the fusion of art and the blockchain, as the name suggests. It's all about preserving digital art, like music albums, paintings, and even awards, by using NFTs. […]
CRYPTO DIGEST: Eye-Scan Technology, Ledger Controversy, MiCa Approval, UK Regulation Proposal, Ripple’s Latest Acquisition, Samsung and Bank of Korea Collaboration
Eye-Scan Authentication and Crypto: OpenAI's Worldcoin Project Makes Waves OpenAI's CEO, Sam Altman, is at the forefront of the groundbreaking Worldcoin project, which aims to revolutionize the world of cryptocurrency. With Worldcoin's objective of providing access to digital currency for every individual on the planet, Altman's involvement has garnered significant attention. Recently, the project has […]
CRYPTO DIGEST: Powerhouse Collab, Coinbase Support, BTC Withdrawal Woes, Argentina's Crypto Ban, PEPE Coin Rollercoaster
Powerhouse Collaboration: Goldman Sachs, Deloitte, and Microsoft Join Forces with Digital Asset for Groundbreaking Blockchain Project A remarkable collaboration has taken shape in the blockchain space as industry giants Goldman Sachs, Deloitte, and Microsoft and more team up with Digital Asset to create an innovative blockchain network named “Canton Network”. This groundbreaking project aims to […]
From Courtrooms to Crypto: The Rise of Blockchain in the Legal System
Is blockchain technology truly reliable or just overhyped? How can Non-Fungible Token (NFT) collectors expand the use of this technology in innovative ways? And with the rising popularity of cryptocurrency as an investment asset, what are its legal implications and challenges? These are just some pressing issues that have come to the forefront of courts’ […]
CRYPTO & BLOCKCHAIN NEWS
PAYPAL'S VENMO TO LAUNCH CRYPTO TRANSFERS, ADDING MORE PAYMENT OPTIONS FOR THEIR USERS Venmo, the digital payment platform owned by PayPal, is set to launch a new feature that will allow users to buy, hold, and sell cryptocurrencies directly within the app. The move is aimed at making it easier for Venmo's more than 70 million users to […]
Ethereum reduces energy consumption by 99.99%
According to the NewScientiest, researchers have reported that Ethereum, the world's second-largest cryptocurrency, has successfully reduced its emissions by 99.99% after an unprecedented experiment to abandon power-hungry mining in favor of a new approach. Ethereum, along with many other cryptocurrencies, previously relied on a method called "Proof of Work" (PoW) to secure its network, which […]
The Blockchain Trilemma
Cryptocurrency and blockchain are interconnected. Blockchain is a digital ledger that records cryptocurrency transactions, while cryptocurrency is a digital or virtual currency secured through cryptography. Blockchain creates an incorruptible, permanent, and verifiable record of all cryptocurrency transactions, making them almost impossible to alter or counterfeit. The inviolability of blockchain also makes it almost impossible to […]
Understanding Fundamental Analysis for Evaluating Crypto Projects
The world of cryptocurrencies is a rapidly expanding universe with numerous new projects emerging every day. With so many options available, it can be challenging for investors to differentiate between those that hold great potential and those that are likely to fall short. But fret not, for there is a method that can help investors […]
How Ethereum Merge Will Change The Crypto Market
Recently, the cryptocurrency market witnessed a critical event that would change the whole industry. Ethereum declared the merge of the blockchain platform network. "And we finalized!... Happy merge, all. This is a big moment for the Ethereum ecosystem," -Vitalik Buterin, Ethereum creator, confirmed on his Twitter. The developers claim that this move will allow the […]
NFT
Are NFTs A Good Investment for Businesses?
Non-fungible tokens (NFTs) have been all the rage in recent years, with businesses of all sizes jumping on the bandwagon. But with the recent news that 95% of NFT collections have a market cap of zero Ether, it is worth asking: are NFTs a good investment for businesses? What are NFTs? NFTs are digital assets […]
Solana Compressed NFTs: a Cost-Effective Solution for Businesses
Magic Eden is now supporting Solana's compressed NFTs (cNFTs). This new kind of Solana NFT offers a cost-effective and scalable alternative to traditional NFTs, making them ideal for businesses looking to create and sell NFTs at scale. What are cNFTs? cNFTs are a new type of NFT that uses data compression to reduce the cost […]
Adidas Residency: Brands Using Art in the Web3
Adidas dives deeper into the Web3 world with its innovative art residency initiative, aptly named Residency by Adidas. The program is a facet of the Three Stripes Studio unveiled earlier this year. It aims to nurture Web3 artists and facilitate the creation of artist-rendered digital products and NFTs (Non-Fungible Tokens). Adidas aims to collaborate with a diverse pool of […]
NFT Fest Lugano: A Glimpse into the Future of Blockchain and NFTs
On September 7th, NFT Fest Lugano took place, a five-day event all about Blockchain, NFTs, Web3, Crypto, and the Metaverse. The event featured many international experts, thought-provoking discussions, gaming rooms, and interesting new projects. I had the privilege of being present, which enabled me to convey the event's insights in this article. When I arrived, the outside […]
Lufthansa NFT & the Evolution of Airline Membership Programs
Lufthansa NFT Program is live on the Polygon Network. The Uptrip program allows passengers to turn their travel experiences into redeemable NFTs or rewards. They can be either miles or business lounge vouchers. To participate in the program, passengers scan their boarding passes using the Uptrip mobile app and exchange them for NFT trading cards. […]
The Trump NFT Craze: A Sign of Support or Profiteering?
The value of Trump NFT increased significantly after his mugshot was made public on August 24, 2023. In the photo, Trump looks angry as he submits to authorities in Georgia, making it the first time a current or former U.S. president's mugshot has gone viral due to criminal charges. This sudden rise in popularity of […]
Rarible to Cease Aggregating Orders Amid Royalty Debate
NFT aggregator Rarible announced yesterday that it will discontinue aggregating orders from NFT marketplaces OpenSea, LooksRare, and X2Y2 by September 30th. The move comes in response to OpenSea's decision last week to make NFT creator royalties optional for new collections from September. Rarible is a major vocal supporter of creator royalties. The company argued that […]
The NFT Royalty Debate: A Critical Opinion
The topic of NFT royalty is highly debated in the NFT space. Some people believe that creators should receive compensation for the secondary sales of their NFTs, regardless of who owns them. Others believe that creators should only receive compensation for the initial sale of their NFTs and that any subsequent sales should be royalty-free. […]
The Art of Making Money: Memecoin Economy Examination
In the expansive and diverse Web3 universe, a new phenomenon has caught the public eye. Rhett Mankind is a digital artist based in Melbourne. He struck a rich vein with his daring blend of art and finance - TurboToad, a memecoin. This venture provides a captivating example that allows us to scrutinize the flourishing memecoin […]
Sotheby's Sued for Misleading Marketing of BAYC NFTs
A group of collectors is suing Sotheby's for allegedly misleading investors about the value of Bored Ape Yacht Club (BAYC) NFTs. The lawsuit, which was filed in California on August 4, accuses Sotheby's of colluding with Yuga Labs, the creator of BAYC, to artificially inflate the value of the NFTs. According to the lawsuit, Sotheby's […]
FC Barcelona Secures $132M for Web3 and NFT Venture
Spanish football powerhouse FC Barcelona has taken a significant step towards its digital future by securing a substantial investment of 120 million euros ($132 million) for its Web3 initiative, Barça Vision. Libero Football Finance AG and Nipa Capital B.V. are the financial backers behind the endeavor. Specifically, the funding was realized through FC Barcelona's sale […]
Amazon Prime NFT and In-Game Currency for Mojo Melee
Amazon Prime NFT is a true thing! The Seattle-based company is partnering with the NFT game Mojo Melee to give away free NFTs and in-game currency to Prime subscribers. The first offering, available now via the Amazon Prime Gaming portal, is a free package. It includes an NFT for champion character Gwyn Rockhopper as well […]
Hyundai and Kia Use Blockchain to Monitor CO2 Emissions
Hyundai Motor Company and Kia Corporation announced the launch of an AI blockchain-based system to monitor carbon emissions. The system, called Supplier CO2 Emission Monitoring System (SCEMS), aims to help the two automakers track and reduce emissions from their supply chains. SCEMS uses blockchain technology to record carbon emissions data in a secure and transparent […]
Gucci Rewards Vault Material NFT Holders with Physical Goods
Luxury brand Gucci announced that holders of its Vault Material NFTs can now exchange them for physical goods. The Gucci NFT Collection, minted in March, can now be redeemed for a Gucci bifold wallet or a Gucci x 10KTF co-branded duffle bag. The announcement comes as luxury brands increasingly experiment with Web3 technologies. In fact, […]
Barbie Margot Robbie Bitcoin Jokes Amid Mattel NFTs Commitment
Barbie actress Margot Robbie recently made headlines. It was not just for the latest movie! She joked that Bitcoin is for "Kens". It was a reference to the stereotypically male character played by Ryan Gosling in the film. However, Robbie's comments seem to be at odds with the views of her employer, Mattel. The company […]
Binance AI NFT Generator for Mainstream Artworks Creation
Binance launched an AI-powered NFT generator that allows users to create custom artworks using artificial intelligence. The tool, dubbed "Bixel," is now permanently available for Binance NFT users who have completed the platform's know your customer (KYC) identity verification process. To use Bixel, users must provide basic details about their desired artwork, such as the style, genre, and color palette. The […]
'Deals' to Facilitate Peer-to-Peer OpenSea NFT Swaps
NFT marketplace OpenSea introduced Deals, a new feature allowing users to swap NFTs directly. OpenSea's native NFT protocol Seaport powers the new feature. It aims to make NFT swapping more trustworthy and secure. With Deals, users can offer to swap up to 30 NFTs, or they can add wrapped ether (WETH) to sweeten the deal. The recipient of the deal can […]
Spanish National Museum to Mint Van Gogh NFTs
The digital space is rapidly becoming a new frontier for art collecting. Olyverse is leading the way with the launch of an exclusive collection of Van Gogh NFTs. The collection features high-definition NFTs of some of Van Gogh's most famous paintings. Moreover, it is minted in collaboration with the Spanish National Museum Thyssen-Bornemisza in Madrid. […]
New Google Policy Embraces NFTs. Apple Holds Firm
Key Takeaways NFT Google Policy had a major update. As recently announced, apps and games on Play Store can now integrate digital assets like NFTs. This is a significant shift for the company, which has historically taken a cautious stance on blockchain-based technology. Google Policy Key Points Google's new policy requires that apps be transparent […]
NFT News: 7-Eleven, Starbucks, Collateral & Wimbledon
NFT Weekly News: 7-Eleven launches free Slurpee NFTs on Polygon, targeting younger consumers interested in Web3. Starbucks Odyssey partners with Aku NFT Collection, offering a new digital collectible Stamp and donating to charity. DeFi borrower uses luxury watch-backed NFT as collateral for a loan facilitated by the 4K Protocol. Ethereum's price rises, but NFT transactions […]
NFT NEWS: Lacoste, AzukiDAO, Warner Music & NFT Drops
In today's NFT News edition Lacoste's launches an interactive gaming experience "The Mission," where fans can earn rewards and unlock better assets. AzukiDAO proposes legal action to recover ETH from the founder amid controversy surrounding the Elementals NFT collection. Warner Music Group partners with Polygon for a music accelerator program, supporting blockchain music projects and […]
NFT DIGEST: Azuki, Sotheby's, FC Barcelona & Ronaldo's Drops
In an exhilarating week of NFT drops, Azuki unleashed 20,000 Elementals NFTs via Dutch auction, marking a monumental expansion in the NFT space. Simultaneously, Sotheby's pioneering Dutch auction celebrated Vera Molnár through crypto artworks drops, pushing further the generative art landscape. FC Barcelona and World of Women scored big with their 'Empowerment' NFT collection, another […]
NFT DIGEST: Zora Blockchain Solution, $6mil Golden NFT, Yuga Labs Metaverse Powerhouse, Skoda NFT Platform
Zora Introducing Layer 2 Blockchain Solution Revolutionizing NFTs On June 21, Zora Network was launched as a new Layer 2 blockchain solution. This launch marked a monumental stride in providing improved digital infrastructure to artists and brands that have hitherto utilized the Zora platform. What makes Zora Network particularly noteworthy is the enormous support that […]
NFT Digest: Puma Goes Phygital, Adidas' Campus 00s Sneakers, Snoop Dogg's Passport, Kraken NFT Collection
🚀 PUMA's Goes Phygital: Unveiling Black Station 2 and Fast-RB! Key Highlights PUMA, the renowned sportswear company, recently unveiled Black Station 2, a sophisticated Metaverse platform that synthesizes the digital and physical worlds, redefining the landscape of retail and consumer engagement. Black Station 2 features two immersive worlds, Unkai and Unter, each offering a distinctive […]
Via Treasure Trunks: Louis Vuitton’s Phygital New NFT Adventure
Louis Vuitton is back in the NFT scene with a stunning new collection that will make you drool. The French luxury fashion house, which first experimented with NFTs two years ago, has unveiled its Via Treasure Trunks project. These are ‘phygital’ NFTs that are linked to physical travel trunks and offer exclusive access to future […]
NFT DIGEST: Louis Vuitton NFT, Warner Bros. Superman NFT, Puma NFT Sneaker
Louis Vuitton’s Bridges Real & Digital Worlds with Via Treasure Trunks SBTs Key Takeaways: The iconic French luxury fashion house, Louis Vuitton, has entered the burgeoning world of non-fungible tokens (NFTs) with its Via Treasure Trunks collection. Each NFT, priced at approximately $42,000, is physical-backed and termed a “soulbound token”, emphasizing its non-transferable nature. The […]
NFT DIGEST: Magic Eden New Strategy, Ethereum NFTs on Bitcoin, Binance Introducing Crypto Loans, F1 to Use NFT Tickets, Starbucks NFT Airdrop
Magic Eden to Pay You for Trading Solana NFTs Key Highlights: Multichain NFT marketplace, Magic Eden, is reshaping its focus towards Solana, its original base, through an initiative termed "Chapter II." This movement includes facilitating users with free SOL tokens for buying and selling NFTs. As part of this initiative, Magic Eden is expanding its platform by aggregating listings […]
Art Blocks Introduces its Custom NFT Marketplace
If you're interested in NFTs, you may already be familiar with Art Blocks. It's an Ethereum-based platform that offers unique and programmable generative art NFTs for collectors to invest in. A distinctive feature of Art Blocks is the generative mining technology, which allows each product to appear individually and randomly. Since its launch in November […]
NFT DIGEST: NFTrade’s New Feature, Sorare Adapts to French Laws, Bitcoin Ordinals Momentum, Sotheby's NFT Auction, StepN Integrates Apple Pay
NFTrade's Innovative Cross-Chain Purchases NFTrade, an innovative Nonfungible token marketplace, is redefining the boundaries of Web3 with its new feature allowing cross-chain purchases. This breakthrough, developed in collaboration with Rarimo, allows users to purchase NFTs on one network while paying through another, offering unprecedented flexibility in transactions. The process, entirely decentralized, supports Ethereum, Polygon, Avalanche, and BNB Chain, and ensures security by never taking custody […]
Introducing the Wave Mint Strategy for NFT Launches
The key to a successful NFT project is attracting the right people. This is where the minting process – the process by which tokens are initially allocated – comes into play. But how do you ensure that your mint is user-friendly, secure, and engaging? 1337 Skulls' fresh strategy entices NFT holders from various communities to […]
NFT DIGEST: Bitcoin Frogs, Secret Services Join Web3, China’s New Guidelines, Moonbirds and Spotify Collab, NFTs in Finance
Bitcoin Frogs Leap Over Bored Apes in NFT Trading Bitcoin Frogs, a collection of 10,000 unique frog collectibles minted directly on the Bitcoin Blockchain, have jumped over the competition, surpassing Bored Ape Yacht Club as the most traded NFT collection in the last 24 hours. This milestone represents a groundbreaking moment for the Ordinals market, highlighting its growing popularity. […]
Unbox the Unexpected: Nike’s “Our Force 1 Series”
Nike is making waves in the digital world by launching its first digital sneaker collection: the Our Force 1 (OF1) Series. These aren’t your traditional shoes! They are virtual creations that exist solely in the digital realm. Nike’s foray into the world of non-fungible tokens (NFTs) is an exciting development that showcases the potential benefits […]
Reddit's Gen 3 NFTs: Digital Collectibles Revolution
The highly anticipated third generation of Reddit NFTs was launched on April 10th. Last year, The social media platform announced its first NFTs, the Reddit avatars, which sold out in no time. These unique digital collectibles allow collectors to showcase their online identities on the platform. But here's an interesting twist — Reddit refers to […]
NFT DIGEST: King Charles NFTs, Binance Adds BTC NFTs, Barbie Virtual Collectibles, OpenSea Insider Trading
Evening Standard Unveils Exclusive NFT Collection for King Charles III's Coronation "The Oath" collection, a collaboration between the Evening Standard newspaper and artist Trevor Jones, pays homage to King Charles III and Queen Camilla's coronation through Ethereum-based NFTs. This limited collection serves as a bridge between tradition and modernity, combining historical moments with artistic expression […]
Canon Ventures into the World of Photography NFTs with Cadabra Marketplace
Photography enthusiasts have something new to look forward to with Canon’s latest venture into the world of NFTs. At the annual NFT.NYC event, the camera maker recently announced the development of Cadabra, a new digital marketplace specifically curated for photography NFTs. The photo NFTs market hasn’t gotten as much hype as other types of NFTs, […]
From Courtrooms to Crypto: The Rise of Blockchain in the Legal System
Is blockchain technology truly reliable or just overhyped? How can Non-Fungible Token (NFT) collectors expand the use of this technology in innovative ways? And with the rising popularity of cryptocurrency as an investment asset, what are its legal implications and challenges? These are just some pressing issues that have come to the forefront of courts’ […]
First Case NFT in the Court
NFTs are all the rage these days, but new problems come with new tech. The legal landscape surrounding NFTs is still a bit of a wild west, leaving users unsure how to navigate it. And where there's confusion, scammers are sure to follow. So buckle up because the ride with NFTs will undoubtedly be bumpy until […]
NFT NEWS
OPENSEA PROCESSES OVER HALF OF ETHEREUM NFT TRADES, BUT RIVALS BLUR AND TENSOR ROAR IN TOTAL VOLUME OpenSea is once again handling over half of all Ethereum NFT trades, processing around 10,400 Ethereum trades per day over the past week. However, Blur still dominates in total weekly volume with over $100 million and a 60% share of the Ethereum […]
Cracking the Vault: Unlocking the Full Potential of NFT Gaming
Are you a gamer who's interested in cryptocurrency? Then you should definitely check out NFT games. In the past, gaming was just a hobby, but with blockchain and NFTs, players can now not only have fun but also earn money, showcase their creativity, and even have a say in developing the game through DAO communities. […]
Blend: The New Peer-to-Peer Lending Protocol
On May 1, Blur, a popular NFT marketplace, announced the launch of Blend (short for Blur Lending)- a lending protocol that enables peer-to-peer lending of NFT collateral. Developed in partnership with VC firm Paradigm, Blend aims to “financialize to scale” and stand out from other lending protocols by not relying on external oracles and having […]
Trial Set for First-Ever Case of Insider Trading Involving NFTs
According to Blockchain News, Nathaniel Chastain, a former OpenSea employee, faced two counts of wire fraud and money laundering in a case that had its first jury hearing on April 24th, 2023, in the Southern District Court of New York. The allegations against Chastain, filed by the U.S. Manhattan Attorney's Office on May 31st, 2022, […]
Dynamic NFTs: Features and Use Cases
The rise in popularity of non-fungible tokens (NFTs) has led to a growing number of use cases and functions. Besides static NFTs, there is a new category of NFT: dynamic NFTs or also known as DNFTs. DNFTSs are generating discussions, and it seems to have great potential to create new possibilities for digital assets. Let's […]
Web3 Loyalty Programs: Revolutionizing Customer Engagement with NFTs
In the ever-evolving world of digital marketing, brands are constantly seeking innovative ways to engage with their customers. The emergence of Web3 and non-fungible tokens (NFTs) has opened up a new realm of possibilities for companies looking to create unique experiences and foster customer loyalty. Here, we explore a variety of Web3 loyalty programs that […]
Safety rules in the NFT world
Initially, NFT was designed with exclusively good intentions. Non-fungible tokens were supposed to help artists monetize and sell their artworks without a buying agent. And if initially, NFT seemed to be a new step in the development of digital art, today, unfortunately, the NFT phenomenon is increasingly being associated with a “bubble”. The unpleasant truth […]
The Future of Smart Contracts
As Mark E. Forster, Chairman of IAB Metaverse and Adello founder, during the panel discussion about the metaverse from the law perspective, mentioned: “The legal frames follow the technical possibilities with a delay of a couple of years.” Indeed, Web3, in general, is an absolutely new field that was almost untouched by government law. Nevertheless, contentious issues […]
Getting Ready to Sell your First NFT as a Business
Since NFT became quite popular, many brands have considered the idea of creating and selling NFT. And yet today, we see different companies, such as McDonald’s, Gucci, Coca-Cola, Adidas, Dolce & Gabbana, and even many other small startups, have already launched their tokens. “And if they could, why can’t we?” – would entrepreneurs who want […]
Behind the Scenes of the Digital Fashion
“Digital fashion” - that sounds futuristic yet already exists! Digital clothes aren’t made from tangible material, instead they are created by using computer graphics and 3D technologies. Hence, those clothes don’t have a physical presence and cannot be worn in real life. Digital outfits are designed for the virtual environment, meta-world, and computer games. Nevertheless, […]
Press
ADELLO #CHATWITHME: CHATGPT IN MOBILE ADVERTISING
Zurich, May 4, 2023 – Adello, a leading Swiss-US AdTech provider, is set to change the game in mobile advertising with its simple, groundbreaking integration of ChatGPT. The pioneering AI-powered ad format invites users to engage with a virtual assistant, offering conversational insights and information about the promoted product or company, reshaping the way audiences […]
LAB51 hires additional Web3 and Metaverse experts to fuel rapid growth
LAB51 Inc., a leading tech-consulting company specializing in Web3 and Metaverse, is thrilled to announce the expansion of its team with two additional experts: Nicoló Finazzi and Luigi Savarese. With their added knowledge, the company continues to drive innovation in the fast-moving digital landscape. LAB51 Inc. is proud to announce the addition of two new […]
Metaphysic's AI Copyright Milestone
Yesterday, the CEO of Metaphysic, Tom Graham, has made history by becoming the first person to register his AI likeness with the U.S. Copyright Office for copyright protection. Metaphysic, a pioneer in generative AI technology, creates hyperreal content and champions individual ownership and control of their AI likenesses and biometric data. Through this submission, Graham […]
Falling Short of Top Law Schools: ChatGPT's LSAT Score
After analyzing the LSAT results of OpenAI's ChatGPT, a language model capable of accurately responding to human language, Blueprint Prep - a leading test preparation and professional training company, discovered that ChatGPT-3.5 series failed to meet the typical scores necessary for admission to a top 14 law school. Upon analyzing the test results, a veteran […]
Swiss Metaverse 2022: The Hottest Tech Trend of the Decade?
According to Utpal Chakraborty of SwissCognitive, the Metaverse will evolve as the biggest virtual Marketplace in the next five to ten years. As we already know, the Metaverse is going to erase the physical limitations that we, humans, are confronted with. For example, when we desire to be in many places at once, it is simply […]
IAB Switzerland Establishes Metaverse Working Group
The IAB Switzerland intends to make the metaverse tangible and establishes a new "Metaverse" team. The Head of the group will be Mark E. Forster. Due to the rapid development of the Metaverse, and after discussing this topic with IAB’s sister association in Europe, the IAB Switzerland Association has decided to consolidate the developments around […]
“NTR — The Metaverse Summit 2022” Recap
Last week's “NTR — The Metaverse Summit 2022” was a truly inspiring event that highlighted discussions centered on the long-term goals and fundamental concepts of the metaverse. The all-encompassing forum featured thought-provoking keynotes from industry leaders and ideas exchanged by industry professionals on Web3 and metaverse technologies and innovative business models. After an enthusiastic start […]
Experts
Navigating the Programmatic Advertising Landscape
INTERVIEW WITH LOUIS VENANT Can you share your experience with programmatic ads and the story of why you selected this branch for your business? I began my career in 2013 at a trading desk in France, working as a business developer. My role involved promoting programmatic advertising to advertisers. Later on, I joined the Swatch […]
The wind of change in the DOOH industry
INTERVIEW WITH TIM BERKEFELD How would you describe the DOOH market in Germany? How advanced are the technologies on the market? The DOOH market in Germany can be considered relatively advanced in the European context. Although there is still room for improvement from a global perspective, Germany is well-positioned compared to other countries in Europe. […]
Web3 Landscape in Switzerland
INTERVIEW WITH NIKLAUS KNECHT Can you describe the Web3 landscape in Switzerland and how Papers fits into it? Papers is a venture builder based in Switzerland. We have been in business for around 30 years and recently shifted our focus to Web3. We have created and learned from various ventures and projects during this time. […]
NFT Renaissance
INTERVIEW WITH ABRAHAM YAEL Inspired by the Renaissance and the artistic revolution it brought, Abraham, a talented digital artist from Mexico, chose Italy as his base, considering it a symbol of a new era in art. With his art showcased in renowned exhibitions such as New York's Times Square and Art Basel Miami, he has […]
Deep Natural Anonymization
INTERVIEW WITH MARIAN GLÄSER Marian, it is great to have you with us! Could you tell us about brighter AI, its vision, and mission? brighter AI emerged from the automotive industry in 2017 and began with generative neural networks. We started working with a variety of companies, primarily in the automotive industry. Later on, most […]
Fueling Company Growth: How Open-Mindedness and an Entrepreneurial Mindset Drive Innovation
BY JJ DELGADO FOR ADELLO MAGAZINE Welcome to the biggest disruption of the last 500 years, the digital revolution. In today's world, companies that don't adapt to the digital age risk being left behind. But here's the catch: digital transformation is not just about technology, it's about people's mindset. That's where an entrepreneurial mindset comes […]
How to Navigate the Metaverse with a Futurist Toolbox
BY BUGGE HOLM HANSEN FOR ADELLO MAGAZINE Let’s imagine a future where the physical and virtual worlds have merged. Where our surroundings are enhanced with virtual layers, allowing us to experience, learn and interact in completely new ways. A future in which we have progressed from being on the internet to being in the internet […]
How can Brands Increase their Customer Involvement through Gaming and Gamification?
BY OLIVIER LABORDE FOR ADELLO MAGAZINE At the core of any business strategy lies the customer experience. While once a great customer experience was considered a competitive edge, it has now become a business necessity. In today's market, businesses must strive to provide innovative experiences that distinguish them from competitors. By incorporating new technologies, brands […]
ChatGPT Revolutionizing the Future of Marketing
BY KEN IP FOR ADELLO MAGAZINE ChatGPT, or Generative Pre-trained Transformer, is an AI-powered language model developed by OpenAI. Since its launch in November 2022, it has sparked strong opinions among marketing professionals. Some believe it will replace marketers altogether, while others see it as an opportunity to become more efficient and creative. In this […]
Path to the Equity in the Metaverse
INTERVIEW WITH JOSEPHINE GERVES We hear the word "equity" more and more often today. While equity and equality are not yet archived in the real world, we start ideating how to reach them in the virtual one. Should we obtain a more fair world in reality first, or attempt to build a new equal society […]
Becoming a Sustainable Content Marketer
BY SANDRA MOERCH FOR ADELLO MAGAZINE In order to understand the pressures of Net Zero in the marketing world, we have to take stock of the global business and sustainability environment. The best way to understand the correlation between market expectations and what needs to be done is to look at the data. Now that […]
Embracing Web3 Communities
INTERVIEW WITH ATHENA DEMOS What is your view on the future of communities in the metaverse, and how do you think they will exist in Web3? I don’t think there is a metaverse without communities. It is a requirement. Everything we build, we’re building for people to come and interact with it. That’s why I’m […]
How Web3 Can Empower Underrepresented Communities
BY ALISON ALEXANDER FOR ADELLO MAGAZINE I’m returning to this point. First, a little about myself. In 1988 I started what would become a 32-year career in public services. I was 20 and, without formal qualifications, I already had nearly five years of work experience. That means I was only 15 years old when I […]
Blockchain and Cryptocurrencies, from “Bubble” to Mass Adoption
BY SHIRLY VALGE FOR ADELLO MAGAZINE Many people treat everything related to the blockchain with distrust, keeping in mind cryptocurrency projects, which for the most part turn out to be scams. However, this decentralization technology is only the foundation for the development of many business sectors, as it can ensure the transparency of operations without […]
Everything You Should Know About NFT Paris 2023
BY JANINA VINKLERE The 2-day event NFT Paris grew from just 500 people last year to more than 18 000 people in February 2023. The audience was so diverse —from government officials and the First Lady of France, Brigitte Macron, to senior stakeholders of famous brands and DAOs, to professionals from the art, gaming, and digital fashion industries — the […]
Web3: rewriting brand-customer relationships rules
BY NICHOLAS KOVACICH FOR LAB51 MAGAZINE Web3 is shaking up the status quo and turning around the traditional brand-customer relationship. This revolutionary technology is enabling direct, two-way communication, and fostering a new era of trust and transparency between brands and customers. Get ready to discover how Web3 is rewriting the rules of brand-customer interactions and […]
Why Metaverse is Mobile-First
BY MARK E. FORSTER As we were debating the merits of various VR headsets and discussing the release of Apple’s long-rumored VR glasses, a realization dawned on us: the device that truly reigns supreme in our digital world is the one that’s always by our side — the smartphone. And as the metaverse continues to evolve and […]
The Rise and Dangers of Synthetic Media, an Article by Dr. Mark van Rijmenam
The concept of generative artificial intelligence (GAI) poses a groundbreaking question that has until recently not been contemplated: at what stage does the relationship between humans and machines evolve from its present-day form into one that is so fundamentally changed that we can no longer regard one as being superior to the other when it […]
The Metaverse: Tomorrow Never Dies
BY DR. MARTHA BOECKENFELD FOR ADELLO MAGAZINE Now that we are at the rise of the metaverse, the metaverse will become more real than ever before. While understanding that the metaverse is not in its final state or just a new technology, but rather considering it as an evolution of a set of possibilities for […]
Revolutionary Mess of Top Tech Innovations
BY ALAN SMITHSON FOR ADELLO MAGAZINE A lot of technology has gone into what we call the Internet. From unique IP addresses and fiber-optic cables to taxonomy and naming conventions, standards, protocols, and so much more, a congregation of new technologies to solve more complex challenges as use cases and users of the internet developed. […]
Endless Opportunities behind VR
Recently, the Adello marketing team had an interesting conversation with Gabriele Romagnoli, Head of Business at ShapesXR, Senior Advisor at iconomy. Together we discussed VR technology, its potential, opportunities, and future. In this interview, we are sharing exclusive insights from this exciting conversation. INTERVIEW WITH GABRIELE ROMAGNOLI FOR ADELLO MAGAZINE Let’s start with the essentials […]
Next Trends in Crypto
BY DELPHINE FORMA FOR ADELLO MAGAZINE During the last 5 years, I have developed a truly real passion for crypto and blockchain. Innovation, creativity, openness, and decentralization are at the center of it. The space is fascinating by the endless possibilities that it allows, not only in the financial space but also in the way […]
Metaverse, Smart Cities and NFT: An Incredible Storytelling of a Digital Saturday Night
BY PROF. DR. ENRICO MOLINARI FOR ADELLO MAGAZINE Ready to go for a fashion-tech Metaverse Night? «Good evening, are you on the guest list?». This is the refrain repeated by the Club Manager in a dark dress code at the entrance to the club, which has recently reopened after the pandemic restrictions. «Yes, of course!», I […]
Blockchain lost its inclusivity, here’s how we get it back on track
BY LAVINIA D. OSBOURNE FOR ADELLO MAGAZINE Blockchain technology first rose to prominence in 2010 when the Bitcoin whitepaper was published. While many still associate blockchain with cryptocurrencies like Bitcoin or Ethereum, it is actually the underlying technology that is really exciting and has captured the imagination of a huge global community. This wasn’t just […]
Succeeding in the Metaverse
BY TONY MORONEY FOR ADELLO MAGAZINE Every day we hear more and more about the metaverse and this futuristic virtual reality world that will complement our physical world. Big investments coupled with the ongoing growth of social media, online gaming, digital currencies, blockchain, accessories including NFT (non-fungible tokens), and sales of virtual reality headsets are […]
Metaverse: Opportunities of the Future
BY THOMAS HUTTER FOR ADELLO MAGAZINE The 28th professional event, organized by Adello, one of the leading mobile marketing companies in Switzerland, was dedicated to the topic of “Metaverse: Technological Trick or the Most Important New Invention?”. Thomas Hutter was invited as an honored guest and a speaker. Thomas is the CEO of Hutter Consult AG, an […]
The 3 Actions You Must Know to Ensure Your Brand Gets Traction in the Metaverse
BY BERTRAND BLANCHETON FOR ADELLO MAGAZINE The metaverse is on its way to becoming an essential aspect of online shopping. Have you ever considered having an outstanding shopping experience through Metaverse? If not, then now you can for sure have an unmatched online shopping experience thanks to a variety of technological breakthroughs that work together […]