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Investments in Andy Warhol's works will be made available as tokenized assets on the Ethereum blockchain.
Artworks by famous American artist Andy Warhol will be offered for sale as NFTs (non-fungible tokens) through a partnership between NFT marketplace Binance NFT and Warhol's multi-disciplinary art foundation. The collection will include some of Warhol's most iconic works, such as "Campbell's Soup", "Marilyn Monroe", and "Electric Chair". The move represents the latest effort to bring the art world into the digital realm and capitalize on the growing popularity of NFTs.
The collaboration between Gucci and Yuga Labs aims to blur the line between physical and digital realms.
Italian luxury fashion brand Gucci has partnered with NFT platform Yuga Labs to buy an NFT artwork from the Bored Ape Yacht Club collection for over $350,000. The artwork features a Gucci-branded Bored Ape, and the collaboration includes plans to create a range of limited edition physical products using the Bored Ape characters. The partnership aims to tap into the growing popularity of NFTs and build a bridge between the fashion and crypto communities.
Metaverse Fashion Week 2023
Metaverse Fashion Week 2023, an event showcasing virtual fashion designs for digital avatars, will be held on multiple platforms to promote interoperability in the metaverse. The event will feature collections from several well-known fashion brands, including Gucci and Louis Vuitton, and will be accessible through various virtual reality platforms such as Decentraland, Somnium Space, and The Sandbox. The move reflects a growing trend towards greater collaboration and interoperability in the metaverse, as developers seek to create a more seamless and user-friendly experience for users across different virtual worlds.
Tommy Hilfiger Metaverse Hub
Fashion brand Tommy Hilfiger has launched a digital hub in several metaverses, including Decentraland, Sandbox, and Somnium Space. The hub features a virtual fashion store where users can purchase NFT collections inspired by the brand's classic designs. Tommy Hilfiger is the latest fashion brand to enter the metaverse, following in the footsteps of luxury brands such as Gucci and Louis Vuitton, which have launched virtual stores in Decentraland. The move is aimed at targeting younger, tech-savvy customers and expanding the brand's digital presence.
Walmart winds down Roblox play
Walmart has closed a virtual store on Roblox, a gaming platform, following a successful two-week run. The virtual store, which allowed users to explore and purchase products in a digital version of Walmart, was part of Walmart's effort to appeal to Gen Alpha, the youngest generation of consumers. The move represents a growing trend of companies using metaverse marketing to engage with younger audiences and explore new revenue streams in the digital realm.
The Hundreds" collaborates with Warner Bros. for nostalgic mashup collection
Streetwear brand The Hundreds has teamed up with Warner Bros for a new clothing collection featuring mashups of classic cartoons and The Hundreds' signature designs. The collection, which includes t-shirts, hoodies, jackets, and accessories, features characters from Looney Tunes, Hanna-Barbera, and DC Comics. The collaboration is aimed at blending pop culture and fashion, targeting fans of both The Hundreds and the Warner Bros franchises. The collection will be available for purchase on The Hundreds' website and at select retail stores.
Art Blocks launches NFT marketplace with mandatory creator royalties.
Art Blocks, a non-fungible token (NFT) marketplace, has announced that it will enforce creator royalties on its platform. The royalties will be automatically paid out to NFT creators every time their work is sold, helping to ensure that artists are fairly compensated for their creations. The move follows a growing trend in the NFT industry toward more equitable distribution of profits, as creators seek to assert more control over their work in the digital realm.
The Ralph Lauren x Poolsuite
@RalphLauren has announced a partnership with Poolsuite, marking a new milestone in the leisure arts. As a celebration of this collaboration, all Poolsuite NFT holders have been gifted with a commemorative NFT that will enable them to request tickets to the grand soirée event in Miami on April 28th. The event promises to be a glamorous affair, and lucky NFT holders can RSVP for the chance to attend. The partnership signals a new benchmark in the leisure arts. In celebration, all Poolsuite NFT holders have been airdropped a commemorative NFT which allows the request of tickets to our grand soirée in Miami, April 28. RSVP → http://ralphlauren.poolsuite.net
Dapper Labs has announced a $725 million ecosystem fund to support the development of the Flow blockchain.
Ledger, a cryptocurrency wallet and security company, has raised $108 million in a funding round led by private equity firm 10T Holdings. The company plans to use the funds to expand its product line and increase its presence in the United States and Asia. With this latest investment, Ledger's valuation has reached $1.5 billion, making it one of the most valuable companies in the cryptocurrency industry.
Flybondi Becomes First Airline to Issue Tickets as NFTs on the Blockchain
Argentinian airline, "Flybondi," has become the first airline in the world to issue every ticket as an NFT (non-fungible token) on the blockchain. The move aims to streamline the ticketing process while ensuring the authenticity of the tickets and reducing the risk of fraud. The NFT tickets will be available for purchase on OpenSea, a popular NFT marketplace. Flybondi is also exploring the possibility of offering other services, such as flight upgrades and loyalty programs, as NFTs in the future.
Mastercard Announces Inaugural Artists for Web3 Accelerator on Polygon
Mastercard has launched an Artist Accelerator program to support emerging artists in the music industry. The program offers mentorship, networking opportunities, and educational resources to help artists develop their careers and navigate the music industry. The initiative is part of Mastercard's ongoing efforts to support the creative economy and aligns with the company's broader commitment to promoting diversity, equity, and inclusion.
POAP Introduces Charges for Commercial Clients and Reveals Upcoming POAP Drops"
Ethereum-based Proof of Attendance Protocol (POAP) has launched a paid version of their popular event-attendance NFT token. The initiative aims to incentivise event organisers and attendees with monetary rewards. Users can earn POAP tokens by participating in events, and these tokens can be traded or redeemed for a variety of benefits. The new paid version introduces a dynamic price model, offering more attractive rewards to those who participate in a large number of events. Additionally, event organisers can now charge for virtual event tickets, broadening their revenue streams. The platform has gained traction with over 700,000 unique users since its launch in 2019.
DROPS
A new interface for creating and distributing precious digital collectibles via @Poap
Pause Giant AI Experiments: An Open Letter
An open letter, signed by prominent figures including Elon Musk, Steve Wozniak, and Andrew Yang, has called for a pause in the training of AI models that surpass the power of GPT-4.
The letter discusses several points, including the need for manageable development of powerful AI, the ethical question of allowing machines to spread "propaganda and untruth" through information channels, the necessity for AI labs to collaborate for greater safety and oversight, and the importance of refocusing AI research on improving the accuracy, safety, interpretability, transparency, robustness, alignment, trustworthiness, and loyalty of today's state-of-the-art systems.
The Impact of Advanced AI on Job Market: ChatGPT and the Future of Employment according to a CNN report
As AI becomes more advanced, there are concerns about the impact of automation on the job market. ChatGPT, a language model developed by OpenAI, is an example of this trend. While it has many potential benefits, there are also fears that it could replace human jobs in areas such as customer service and content creation. However, experts argue that the technology could also create new jobs and lead to more efficient and effective use of human resources.
Generative AI and market map by Sequoia Capital
Generative AI, which uses machine learning to produce new and unique content, is opening up new possibilities for creativity and innovation. From music and art to fashion and product design, generative AI is enabling the creation of previously unimaginable works. The technology is still in its early stages, but its potential is vast, and many believe it will transform the creative industries in profound ways. However, there are also concerns about the role of human input in the creative process and the potential for AI-generated content to undermine the value of human artistry.
It seems likely that most cryptocurrency companies will require an AI strategy by 2024, much like how most web companies required a mobile strategy in 2008.
S.Leonelli
Following a recent viral fake photo, Pope Francis has urged for the ethical use of AI
Pope Francis has called for the ethical use of artificial intelligence (AI) during a conference on "The Meeting Point: Religions and Cultures in Dialogue". The speech came days after a viral fake photo involving the Pope raised concerns about the misuse of AI technology. The Pope emphasized the importance of AI serving humanity's common good and urged for a transparent and inclusive approach to its development.
and it looks like Elon Musk likes the idea…
OpenAI's ChatGPT to power a 3D character called 'Uncle Rabbit’
OpenAI's ChatGPT is being utilized by Looking Glass, a holographic display provider, to give life to a 3D character named 'Uncle Rabbit' that can engage in conversations with users of chatbots.
Ethereum buggy contracts
Conor @jconorgrogan categorised thousands of instances of Ethereum typos, user errors, and buggy contracts
Ledger, a company that offers cryptocurrency wallet and security solutions, has raised $108 million in a recent funding round.
Ledger, a cryptocurrency wallet and security company, has raised $108 million in a funding round led by private equity firm 10T Holdings. The company plans to use the funds to expand its product line and increase its presence in the United States and Asia. With this latest investment, Ledger's valuation has reached $1.5 billion, making it one of the most valuable companies in the cryptocurrency industry.
ConsenSys introduces Linea
Ethereum software company ConsenSys has rebranded its public testnet from ZkEVM to Linea, with the aim of making it easier to access and use. Linea is a network designed to test Ethereum's Zero-Knowledge Execution Layer, which enables private transactions on public blockchains. The rebranding reflects ConsenSys' commitment to making blockchain technology more accessible and user-friendly, as it seeks to expand its services beyond the development of Ethereum-based infrastructure.
In May, it is expected that G7 members will discuss the possibility of implementing tighter regulations for cryptocurrencies.
The Group of Seven (G7) nations are planning to introduce regulatory measures for cryptocurrencies by 2023, with discussions set to take place during a meeting in Hiroshima, Japan. The regulations are expected to address issues such as money laundering and terrorism financing, with the aim of promoting stability in the crypto market.
Citigroup Report: Trillions of Dollars Worth of Assets Could be Tokenized by 2030
Citigroup has released a report stating that trillions of dollars worth of assets could be tokenized by 2030, creating a "killer use case" for blockchain technology. The report cites factors such as increased regulatory clarity and growing demand for digital assets as driving factors in the growth of tokenization. The report also notes that tokenization could provide benefits such as increased liquidity, reduced transaction costs, and greater transparency in asset ownership.
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Disclaimer: The information provided in this newsletter is for general informational purposes only and should not be construed as financial, investment, or other professional advice. Any reliance you place on the information provided is strictly at your own risk. The content is not intended to be a substitute for professional advice or judgment and should not be relied upon for that purpose. NFTSYD makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the newsletter or the information, products, services, or related graphics contained in the newsletter for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will NFTSYD and its contributors be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this newsletter.