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The Jackson Pollock Studio’s collaboration with the Web3 art collective, Iconic Moments, brings 20th-century painter Jackson Pollock’s work into the digital realm through a collection of non-fungible tokens (NFTs). This venture bridges preservation and innovation, yet raises complexities regarding authenticity and the potential dilution of the original artwork’s value.

Ethereum’s co-founder, Vitalik Buterin, recently debated Bitcoin’s future prospects with Eric Wall and Udi Wertheimer, well-known Bitcoin enthusiasts. The conversation centered around Bitcoin’s scalability, with Buterin suggesting a multi-pronged approach involving various layer-2 solutions and improvements to Bitcoin’s base layer. The suggested introduction of zero-knowledge rollups, a technology potentially impacting Bitcoin positively, sparked mixed reactions within the community.

Chainlink’s proof-of-reserves service promises to allow crypto custodians to directly monitor real-world assets on blockchains, increasing safety and transparency for DeFi users. However, the durability of this solution is questioned as the credibility of data depends on the source, possibly masking inadequate accounting practices and reinforcing trust issues in centralized entities.

UK-based payments platform, Nuggets, collaborates with the Bank of England to create a privacy and identity layer for a potential digital pound. Nuggets aims for a system free from transactional tracking, with zero-knowledge proofs to validate identities without data exposure, balancing user privacy and regulatory oversight.

“The potential incorporation of blockchain in gaming could fuel an exciting GameFi sector where the lines between blockchain users and gamers blur. Yet, the successful integration so far remains a challenge – both technically and from a user’s standpoint. Real, immersive blockchain games may unlock mass adoption. Future models should move past speculative motives and build stellar games leveraging the technology’s unique features.”

Blockchain technology could potentially save the media industry from AI-driven fake news by introducing “sign-and-trace” systems for content authentication. This would enable reliable sourcing, validation, and tracking of real news stories, promoting transparency and combating misinformation.

Yuga Labs announces HV-MTL Forge, a workshop-building game centered around Bored Ape Yacht Club’s robot NFTs, set to launch on June 29. Owners of Sewer Pass NFTs can access the Forge game, where they customize workshops to secure community votes. The game builds upon the success of Yuga Labs’ controversial Dookey Dash, which generated $110 million in NFT trades.

In the online exhibition IN/Visible, curated by Senegalese artist Linda Dounia Rebeiz, 10 black artists showcase works exploring AI’s biases in representing people of color. Dounia advocates an activist approach and emphasizes the importance of raising questions about AI’s inherent biases, while encouraging black artists to create more inclusive representations using AI tools.

This week in technology, Louis Vuitton enters the NFT market with Via Treasure Trunks, Apple announces Vision Pro mixed reality headset, and NFT lending market sees growth with Binance NFT Loan. However, critics caution against potential pitfalls surrounding NFT lending platforms.

Apple’s Vision Pro headset announcement excites Web3 and open metaverse proponents, who believe better hardware is essential for an interoperable virtual world based on blockchain technology. However, concerns arise over Apple’s potential control over decentralization and guidelines within the metaverse.

Nike’s NFT platform, “.Swoosh,” integrates with EA Sports games, while GameStop partners with Web3 gaming project Illuvium for an NFT collection called Illuvitars. These developments show NFTs’ growing impact across industries and their potential to transform how we interact with digital assets. However, risks and skepticism around emerging technologies remain.

NFT lending platforms like Blend, Binance NFT Loan, and Astaria are flourishing by providing liquidity for NFT holders. However, concerns about lending mechanics, decentralization, and risk of liquidation persist, prompting industry insiders to encourage traders to learn how to safely borrow NFTs.

Apple acquires Mira, an AR startup providing smartphone-powered headsets for industrial applications, strengthening its foothold in the mixed reality market. The acquisition raises questions about compatibility and future direction, as Apple’s Vision Pro focuses on personalized virtual reality.

GNT V3, an AI-powered NFT generator by Find Satoshi Lab (FSL), enables users to create AI-produced images minted on the Solana blockchain based on their unique selfies, revolutionizing digital identity in the blockchain realm. However, potential risks of AI-powered NFTs like intellectual property infringement and algorithm biases need cautious navigation.