technology
NFT project Azuki launches Physical Backed Token
Anime-inspired nonfungible token (NFT) project Azuki has released a Physical Backed Token (PBT) — an open-source token standard that ties a physical item to a digital token on the Ethereum blockchain. Azuki shared on its Twitter account that the first implementation of the PBT will use the BEAN Chip; a physical cryptographic chip that self-generates an asymmetric key pair. The combination of the PBT and the BEAN Chip introduces a feature, which the project is calling “scan to own”. Introducing the Physical Backed Token (PBT): an open source token standard tying a physical item to a digital token on the Ethereum blockchain. pic.twitter.com/iXavmJR5xv — Azuki (@AzukiOfficial) October 17, 2022 According to the information shared by the Azuki team: “Scanning the chip with your phone all...
Blockchain gaming adoption means more options for gamers
Over the past couple of years, games that use blockchain technology have increased their presence in the gaming industry. While there were early examples like CryptoKitties — launched in 2017 — the trend has truly gained steam, with major gaming studios even exploring the technology. At the beginning of 2022, the market capitalization of blockchain games was around $25 billion and it doesn’t seem to be decreasing anytime soon, even in the depths of a bear market. According to the analytical service DappRadar, the two most stable areas this year in the cryptocurrency market are blockchain games and nonfungible tokens (NFT), which have recently become very tightly intertwined, creating a new economic phenomenon. A striking example here is the well-known game Axie Infinity, the token price of...
To HODL or have kids? The IVF Bitcoin Babies paid for with BTC profits
Hold Bitcoin till the very end or sell a little bit to start a family? For one Bitcoiner in northwest London, it was a no-brainer. Noodle (a nickname), a Brit who first heard about Bitcoin around 2012, took profits on his Bitcoin buys to pay for in vitro fertilization (IVF) treatment for his wife. He told Cointelegraph he has “no regrets,” about his decision to start a family using fiat-denominated profits from buying, holding, a then selling Bitcoin. Welcoming Noodle Jr II to this crazy world. After a tough 6 days in hospital due to unforeseen complications, Mrs Noodle and I, couldn’t be happier to bring this little hodler home! pic.twitter.com/JvlLfzABgg — Noodle ⚡️ (@NoodleNakamoto) June 14, 2022 Noodle first found out about Bitcoin at the tail end of 2012, when 1 BTC was ...
Smart contract-enabled insurance holds promise, but can it be scaled?
A new insurance world is coming where smart contracts replace insurance documents, blockchain “oracles” supplant claim adjusters, and decentralized autonomous organizations (DAOs) take over traditional insurance carriers. Millions of poor farmers in Africa and Asia will be eligible for coverages like crop insurance too, whereas before, they were too poor and too dispersed to justify the cost of underwriting. That is the vision, anyway, on display in the recent Smartcon 2022, a two-day conference that sought to provide “exclusive insights into the next generation of Web3 innovation.” Subsistence farms, where families basically live off what they grow and almost nothing is left over, account for as much as two-thirds of the developing world’s three billion rural people, according to the Unit...
What is Navigational Satellites?
Tweet Tweet Share Whatsapp reddit Navigational Satellites are satellites that helps in navigating an areas, known or unknown areas can be access through navigational Satellites. This satellites are often used by ships and Planes. The most popular navigational satellites are Global positioning system (GPS), and Navigation Signal Timing and Ranging (NAVSTAR). .u267435d7ee566a6dc82d5cd4de4964a1 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:inherit; border:0!important; border-left:4px solid #16A085!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); t...
We Came Up With Bizarre Descriptions of DJs—Then Used Artificial Intelligence to Bring Them to Life
There’s nothing that blurs the line between frightening and fascinating quite like artificial intelligence. And since artificial intelligence and electronic music are becoming more symbiotic by the day, the staff here at EDM.com wanted to see just how far it could go in a visual sense. So we came up with bizarre descriptions of artists and fed them through A.I. art generators. Some images are photorealistic. Others are fancifully distorted. And the majority of them are flat-out creepy. But we digress. Read on to see our weird and wonderful creations. TOKiMONSTA “TOKiMONSTA DJing in a neon sky arcade with golden canaries” by Jason Heffler. Jason Heffler REZZ “REZZ DJ as painted by Salvador Dalí” by Nick Yopko. Nick Yopko Flume R...
Bitcoin Lightning Network capacity strikes 5,000 BTC
Bear markets are for building out capacity on the layer-2 Lightning Network. Despite macroeconomic headwinds and sluggish price action, the Lightning Network, the layer-2 payments solution fo Bitcoin (BTC), continues to flourish. The Bitcoin Lightning Network reached a milestone capacity of 5,000 BTC ($96 million). In effect, more and more Bitcoin is being introduced to Lightning Network payment channels worldwide, as Bitcoiners continue to support the growth of the network. Bitcoin Lightning Network capacity. Source: Look into Bitcoin The Lightning Network allows users to send Bitcoin (or satoshis, the smallest amount of a Bitcoin) to send or receive money faster and with lower fees. The more capacity on the network, the more liquidity is on hand. As a result, users can experience faster ...
What remains in the NFT market now that the dust has settled?
Over the last two years, nonfungible tokens (NFTs) have emerged as one of the most active and noticeable aspects of Web3. The data stored on blockchains by NFTs may be connected with files that include various forms of media, such as photographs, videos and audio. In certain instances, it can even be related to physical items. The owner of an NFT will often have ownership rights over the data, material or item connected with the token, and these tokens are typically purchased and traded on specialized markets. The rise of NFTs was meteoric in 2021, but it hasn’t been very steady since then, and it seems to have fallen sharply in 2022. Why NFTs exploded in popularity in 2021 In 2021, two of the most active markets for NFTs were collectible art projects and the video game industry. NFT...
Music Tech Startup Songfinch Raises $17 Million to “Create a Middle Class of Musicians”
Music tech startup Songfinch has secured $17 million, closing a Series A funding round that amplifies its efforts to create a “middle class of musicians,” Built In Chicago reports. Songfinch is one of a handful of music startups aiming to change how independent musicians are compensated for their work. “The industry tends to be a star-driven league and the top two percent get a chance to participate and eat most of the dollars in the industry while the other 98 percent struggle and fight for scraps,” John Williamson, CEO of Songfinch told Built In Chicago. The goal of Songfinch’s online marketplace is to provide artists with a hub where consumers can commission them to create custom songs. The platform allows users to choose a style, mood and other custom elements f...
Are decentralized digital identities the future or just a niche use case?
As users take advantage of online services and explore the internet, they eventually create a digital identity. This type of identity is then tied to central entities like Google and Facebook, which make it easier to share data with new services through simple sign-in buttons. While these digital identity management systems are convenient, they are relying on centralized intermediaries that hold and control user data. Personal identifiers and attestations are in their hands, and they can decide — or be forced — to share this information with other parties. Blockchains offer a solution: decentralized digital identities. These allow individuals to manage information related to their identities, create identifiers, control who they’re shared with and hold attestations without relying on a cen...
Anonymous makes numerous allegations against Yuga Labs and its Bored Ape Yacht Club
On Sept 26, internet hacktivist group Anonymous released a video addressing blockchain technology company Yuga Labs and its NFT-driven social club, Bored Ape Yacht Club (BAYC). The group’s statement included a laundry list of allegations regarding Yuga Lab’s alleged use of esoteric symbolism in BAYC’s art — which Anonymous believes shows the company’s support for numerous controversial subjects, such as Nazism, racism, simianization, and pedophilia. The hacktivist group alleged that, after thorough research and interviews with key figures, it can confirm “without a shadow of doubt” that the Bored Ape Yacht Club (BAYC) and Yuga Labs are guilty of hiding these esoteric symbols in plain sight — a conclusion the company and project both openly protest. [embedded content...
Innovation will drive NFT adoption despite mainstream presence: NFTGo founder
The presence of big players in the nonfungible tokens market might evangelize newbies, but they do not lead to mass adoption or innovation, claimed Tony Ling, co-founder of NFTGo in a conversation with Cointelegraph. Major developments, such as Adobe’s acquisition of Figma, would potentially impact creators per the combination of both the companies’ features. Adobe, for example, owns Behance, a creative showcase platform that allows users to connect crypto wallets and NFTs to their profiles, while Figma provides kits for NFT creators. The mainstream presence in the space, however, isn’t seen as a game changer, as the industry faces challenges with high royalty fees and a bear market — as seen by the recent 20% staff layoff at OpenSea. “Key innovation must happen in ...
