This week’s newsletter highlights the emergence of a new hybrid token standard that aims to rival ERC-404 and the impressive $23 million trading volume of Hong Kong celebrity Stephen Chow’s nonfungible token (NFT) collection. As athletes show interest in the NFT space, it is crucial for them to understand its workings before diving in. Additionally, an innovative liquor distributor is utilizing NFTs and artificial intelligence (AI) to sell a 50-year-old whisky collection. In other news, learn how Ordinals can potentially benefit Bitcoin miners after the halving.
Discover the latest updates on “web 3.0” and how AI is revolutionizing its development. Gain insight into the use of AI by BBC and Chinese companies, as well as its role in curating content and its ethical implications. Stay informed on the advancements in AI technology, including AI chips, and the potential impact on various industries.
Stay ahead of the game by learning about the intersection of AI and web 3.0, and its potential to shape the future. Don’t miss out on the latest developments in the world of AI and its impact on society.
Discover the Latest in Web 3.0: The Divisible NFT Standard
Move over ERC-404, there’s a new hybrid NFT standard in town. Just a week after the launch of ERC-404, a team of developers has introduced their own version, claiming it to be superior. Dubbed the “Divisible NFT” standard, it offers a combination of ERC-20 and ERC-721 functionalities.
One of its key features is fractionalization, allowing NFT holders to trade fractions of their tokens. According to the pseudonymous developer “Cygaar,” this new standard outperforms ERC-404 in efficiency and avoids potential issues at the edges.
Learn more about this cutting-edge technology and its potential impact on the future of AI, chatbots, and other applications in the rapidly evolving web 3.0 world.
Stephen Chow’s NFT collection, “Nobody,” surpasses 10,000 ETH in trading volume as its community expands
Hong Kong film director Stephen Chow recently launched a collection of non-fungible tokens (NFTs) titled “Nobody.” On February 7th, the collection reached a trading volume of nearly 10,000 Ether (ETH), equivalent to approximately $23 million. The project’s developers are dedicated to building the intellectual property for the collection, combining Chow’s past successes with innovative mechanisms.
Chow collaborated with cryptocurrency exchange OKX on January 10th to offer a whitelist giveaway for the collection. Over 125,000 people participated in the airdrop, with 2,500 NFTs up for grabs. The total supply of the collection is set at 10,000.
Read on to discover more about the exciting world of web 3.0 and the role of artificial intelligence (AI) in it, including the use of AI in chatbots, Chinese technology, and ethical considerations surrounding AI.
Understanding NFTs: Why Athletes Must Take the Time to Learn About Web 3.0 and AI
Tom Fleetham, head of business development for sports and gaming at Zilliqa, emphasizes the importance of understanding the complexities of NFT projects for sports organizations and athletes.
For instance, the recent controversy surrounding basketball star Dwight Howard’s NFT drop on the Avalanche blockchain highlights the need for thorough knowledge and consideration when entering the world of NFTs.
As we continue to explore the potential of web 3.0 and AI, it is crucial to prioritize education and ethical considerations in their development and implementation. Let’s take the time to learn and understand before diving in headfirst.
Whisky distributor implements NFTs and AI to market 50-year-old collection
The Glenlivet, a renowned distillery in Scotland, is utilizing NFTs and AI to sell a rare whisky collection. In a statement released on February 13, the company revealed its plans to sell 12 bottles from a collection that has been maturing since 1974.
The alcohol distributor utilized advanced AI technology to create unique labels for the collection and is utilizing a blockchain-based platform to produce digital certificates of authenticity and ownership in the form of NFTs.
Read on to discover more about the innovative use of AI and NFTs in the whisky industry.
Boosting BTC Miners with Ordinals, Yuga NFT Mint Mishap, and More
In a recent article, Grayscale researcher Michael Zhao discussed the potential for Bitcoin Ordinals inscriptions to increase revenue for Bitcoin mining companies following the upcoming halving event, which will cut mining rewards in half.
In other news, NFT company Yuga Labs has announced plans to reimburse gas fees for individuals who lost funds while attempting to acquire “Loot,” an NFT tied to the completion of a mission in the game Legends of the Mara.
Keep reading for more updates on the NFT space, and be sure to check out Cointelegraph’s NFT Steez podcast.
Thank you for staying up-to-date on the latest developments in NFTs. Join us again next Wednesday for more insights into this rapidly evolving industry.
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