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Category: blockchains – Page 8

OpenAI, the creator of the language tool ChatGPT and image generator Dall-E, could be facing some new, three-dimensional competition on the blockchain.

Polygon is working with Alethea AI to launch CharacterGPT, an artificial-intelligence-powered non-fungible token (NFT) project that describes itself as “the world’s first multimodal AI system.”

In an introductory video, the brand says users will be able to type in text to generate responsive characters with “unique personalities, identities, traits, voices, and bodies.” Users can mint the NFTs at mycharacter.ai.

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Despite its recent blowback, Web 3.0 offers a more interconnected and productive society.

The next significant development for the internet and all it governs is Web 3.0. To improve user experience, it will make use of artificial intelligence. In addition, blockchain technology will enable the service to be backed by decentralized networks since Web 3.0 is the fundamental framework for cryptocurrencies like Bitcoin and Ethereum. This will be a revolutionary move that might significantly influence businesses and how they function, as well as individual users. For instance, site owners won’t have to rely on larger businesses like Amazon (AWS) and Google to buy server space.

Web 2.0 – the current version of the internet – has grown overly centralized, with a small number of large technology businesses and government organizations controlling the industry. Web 3.0, which promises a decentralized online ecosystem built on the still-emerging blockchain, will be the third iteration of the internet. Web 3.0 was first coined in 2014 by a computer scientist named Gavin Wood also helped create Ethereum, the decentralized blockchain system that powers the ether coin.

The main problem with Web 2.0, according to Wood, is trusting the people who run the services. “We’ve managed to build ourselves into this fairly dystopian picture of what the world could be,” he said in a podcast with CNBC. This is why many believe Web 3.0 – with its focus on decentralization – will provide a more democratic and dispersed view of the internet. Additionally, it’s touted as an essential component of the emerging metaverse, an immersive online universe. While some are skeptical and refer to Web 3.0 and the metaverse as primarily a marketing project and even as a pyramid scheme, other venture investors are pouring billions of dollars into this futuristic vision. However, the idea is reportedly also opposed by many in the tech world, including Elon Musk and Jack Dorsey, the former CEO of Twitter.

For many Web 3.0 supporters, the past few months have brought a harsh awakening: the market prices of significant cryptocurrencies have fallen precipitously, the trading volume of non-fungible tokens (NFTs) has slowed, and, most importantly, some pioneer businesses in the field have filed for bankruptcy due to poor risk management and the misappropriation of investor funds. Nevertheless, many argue that business executives should not mistake market volatility or dishonest individuals with the potential applications of digital assets and the technology that support them, even while the debris keeps flying and many retail investors lose their savings.

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Use midjourney and stable diffusion to create nfts? NEW TYPE OF NFTS

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Mastercard, one of the biggest financial payments providers in the world, is launching a web3-focused incubator to help artists connect with fans through a new medium, the company shared at CES 2023 on Friday.

“The core of this program is providing emerging artists with the web3 tools and skills they need to excel and advance their music careers in this digital economy,” Raja Rajamannar, chief marketing and communications officer at Mastercard, said to TechCrunch. “By providing access to experts and innovators in the space, the artists will be guided on how to incorporate web3 into their work throughout the entire program and then beyond.”

Mastercard partnered with Polygon, a scaling blockchain built on top of Ethereum, which has been making huge strides in the Web 2.0 ecosystem lately. In the past year, Polygon partnered with a number of other big brands like Starbucks for its Odyssey digital collectible rewards program and Disney for its accelerator program, while also having major clothing brands like Prada and Adidas launch NFT projects through its blockchain.

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Artificial Intelligence is the buzzword of the year with many big giants in almost every industry trying to explore this cutting-edge technology. Right from self-checkout cash registers to AI-based applications to analyse large data in real-time to advanced security check-ins at the airport, AI is just about everywhere.

Currently, the logistics industry is bloated with a number of challenges related to cost, efficiency, security, bureaucracy, and reliability. So, according to the experts, new age technologies like AI, machine learning, the blockchain, and big data are the only fix for the logistics sector which can improve the supply chain ecosystem right from purchase to internal exchanges like storage, auditing, and delivery.

AI is an underlying technology which can enhance the supplier selection, boost supplier relationship management, and more. When combined with big data analytics AI also helps in analysing the supplier related data such as on-time delivery performance, credit scoring, audits, evaluations etc. This helps in making valuable decisions based on actionable real-time insights.

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North Korea’s infamous Lazarus Group is mimicking venture capital firms and banks to steal cryptocurrency, according to a report from cybersecurity company Kaspersky.

The state-sponsored cybercrime group, which was was behind the $625 million Axie Infinity hack in April, is creating domains that present themselves as well-known Japanese, US and Vietnamese companies.

Kaspersky said Lazarus’ BlueNoroff subgroup is using new types of malware delivery methods that bypass security warnings about downloading content. They can then “intercept large cryptocurrency transfers, changing the recipient’s address, and pushing the transfer amount to the limit, essentially draining the account in a single transaction.”

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While it is still unclear how cryptocurrencies will alter in value and where we will be in 2023 — one thing is clear, they are undoubtedly here to stay.

As 2022 draws to a close, the cryptocurrency market is under great scrutiny. From the crypto winter of 2021 that saw Bitcoin lose almost a third of its value and other cryptocurrencies follow suit to security issues with crypto exchanges, bridges, and web 3.0 apps, and of course, FTX’s dramatic failure, it’s almost impossible to disbelieve tales of gloom. However, looking at the forecasts for 2023, it appears the market may rebound, and now may even be an ideal moment to invest.

Da-kuk/iStock.

Improvement in regulation.

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In this article, we review the top 10 NFTs and why they make for great investments this year.

Non-Fungible Tokens, or NFTs for short, have been the buzzword for the year 2022. And, rightly so because even though it might seem like it is a new tech on the block, you will be shocked to know that there are more than 11 million NFTs out there. Each represents a unique (and, not to forget, valuable) piece of art which could be an image, video content, music, or anything else. And, yet, the industry is still in its infancy stage. We bring to you the only guide you will ever need to understand the uprising of the NFT market and what is all the attraction about. We have also shared some of our favorite NFTs to check out if you want to get active in space. This article features the top 10 NFTs that you should look out for in 2023.

Silks.

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