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The monetization push could dovetail with the company’s Novi crypto wallet, which faced pushback from U.S. lawmakers after a pilot launch earlier this month. Diem, the project’s namesake stablecoin, is not yet involved. On Thursday, David Marcus, Facebook’s head of payments and financial services, tweeted that with the rebrand, the
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At a time when non-fungible tokens face scrutiny for environmental damage, 14-year-old Abigail is using NFTs for conservation.Her project, “Belugies,” is a collection of 8,000 cartoon beluga whale NFTs created on the Solana blockchain. Abigail made the artwork for the project by hand, with plans to donate a portion of
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The wolf of nonfungible streetsErstwhile crypto skeptic Jordan Belfort has bravely outed himself as an NFT proponent amid the booming growth of the sector in 2021. Belfort is known for his dodgy antics while working as a stockbroker on Wall Street, with his story being captured in “The Wolf of
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While the blockchain network Solana’s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of “grind, hard work, debugging,
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Dapper Labs, the firm behind NBA Top Shot, said that pro sports leagues are no longer resistant to exploring nonfungible tokens (NFTs) now that the sector is hot.Speaking at Yahoo Finance's All Markets Summit on Oct. 25, Dapper Labs’ head of partnerships, Caty Tedman, said that the stance of professional
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Announcing their purchase of the record last week, members of PleasrDAO said they saw the concept as being in line with the values behind non-fungible tokens (NFTs), the blockchain-based collectibles that have become PleasrDAO’s bread and butter over the past year. NFTs are a form of cryptocurrency attached to media
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Computer vision: NFTs today are mostly about images and videos and, therefore, a perfect fit to leverage the advancements in computer vision. In recent years, techniques such as convolutional neural networks (CNN), generative adversarial neural networks (GAN) and, more recently, transformers have pushed the boundaries of computer vision. Image generation,
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Earlier this summer, CNN and The New York Times each warned that the nonfungible token (NFT) bubble, fueled by buzz over eye-popping valuations for digital art and interest from collectors, might already be bursting.As the sixth employee at a social media startup called Wildfire — which was acquired by Google
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Zaragoza is the first city in Spain to release NFTs, a new form of digital property that has been gaining traction around the world. NFTs are a new form of digital property that allows users to own a piece of digital content, just as they would own a physical object. They’re
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Blockchain is rapidly becoming the innovative force industry insiders have been promising for years. The number of projects and artists offering their works using it as a core technology may be shifting the current economic model under which most musicians operate. Non-fungible tokens, or NFTs, allow independent artists to earn
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