Search Results for: Raft

“Galxe, a Web3 community development platform, plans to revolutionize digital identities with the Galxe Protocol. This would allow complete user control over private data, merging zero-knowledge proof and verifiable credentials. The system aims to decentralize and secure digital transactions, addressing fragmentation of credential data and enabling an open ecosystem for Web3 developers.”

“Worldcoin project, with its audacious ambition of creating a biometrically verified digital ID for every global citizen, has reignited global dialogues on data privacy. It’s faced mixed reviews for potentially manipulating less privileged communities by offering wealth in exchange for personal data.”

Coinbase’s open-source, permissionless Ethereum layer-2 protocol, Base, is focusing on decentralization and interoperability among varied blockchain chains. The company has designed unique “Base Neutrality Principles” to protect against excessive influence and maintain the merits of decentralization. These principles include not controlling bridged crypto, avoiding transaction favouritism, and not using private data for marketing.

“Raleon, a Web3 engagement platform, has secured $3.8 million to expand its team and foster robust user experiences across multiple applications. The funding will help in the growth of projects and brands, leveraging Web3 Marketing Automation, off-chain/on-chain data insights, and innovative Embedded Quests. With an aim to revolutionize user retention, Raleon introduced Embedded Quests to redefine user engagement within decentralized applications.”

K-pop sensation Blackpink has joined forces with Roblox and metaverse studio Karta to create ‘Blackpink: The Palace’, an online event providing fans with immersive, music-centric experiences. The Palace offers fans opportunities to interact with digital avatars, mine crystals, participate in Blackpink-themed parties, and purchase custom outfits. This novel integration of music and virtual realms signifies the expanding influence of metaverse platforms within the music industry.

Researchers from Indiana University Bloomington discovered a botnet promotional scam exploiting AI language model ChatGPT to generate near-human messages, promoting cryptocurrencies on Twitter. Though the scam was revealed, Filippo Menczer, a lead professor at the University, cautions about the difficulty of uncovering such botnets, speculating about uncaught infiltrators in the complex network.

“Feedzai, an advanced AI-powered risk operations platform, is taking significant strides to combat financial scams using machine learning and big data. The platform flags suspicious activities in real-time, but faces limitations around unpredictable human behavior and decision making.”

“Community Notes, initially known as Birdwatch, offers users opportunities to appraise posts’ accuracy, emulating a digital governance form, reminiscent of Wikipedia but directed by an open-source algorithm. While this system aligns with ‘credible neutrality’ concepts from blockchain, its ability to provide an effective, unbiased truth filter remains uncertain.”

“Microsoft and LeverFi are developing ‘Morpheus’, an AI assistant for portfolio management in the DeFi space. The tech incorporates two AI engines addressing protocol security and market failure, aiming to minimize portfolio losses while enhancing user confidence and control.”

Crypto startup, Auradine remarkably secured $81 million in its first funding round without a product or a single customer. The vision is to fabricate hardware for Bitcoin mining, enhanced cryptography, and artificial intelligence. The company also attracted “inbound interest for a follow-on round of funding.”

“This article explores various theories surrounding Bitcoin’s origins, including a persistent one that Satoshi Nakamoto, the pseudonymous creator of Bitcoin, might be a covert NSA operation. The theory is based on Bitcoin’s use of the Secure Hash Algorithm 256, formulated by an NSA mathematician, and the agency’s 1996 paper introducing a Bitcoin-like system. However, counterarguments cite the organized methodology an intelligence agency would employ is inconsistent with Bitcoin’s development process.”

A recent Morgan Stanley research reveals a significant rise in companies harnessing the potential of artificial intelligence (AI), with nearly 15% of surveyed corporations reporting benefits from using machine learning in various applications. This report underlines the financial prospects, productivity boosts and efficiency enhancements tied to AI implementation, painting a compelling landscape of AI adoption in the global corporate world.

“Dubai is offering a 90% registration subsidy for web3 and AI companies to procure operational licenses, aiming to become the biggest pro-tech hub in the MENA region. It’s crafting an ecosystem that facilitates technological breakthroughs and aims to generate 200,000 jobs in the Middle East by 2025.”

Coinbase’s Ethereum-based layer-2 solution, Base, aims to provide developers a playground to create applications, allow investors to engage in decentralized trading, and craft their own NFTs. Despite optimism, CFO Alesia Haas admits profit might take years. This launch happens as Coinbase faces lower trading volumes and regulatory scrutiny.