Bitcoin.com, a leading figure in the world of cryptocurrency and blockchain technology, is thrilled to announce a significant enhancement to the utility of its ecosystem token, VERSE. In a groundbreaking collaboration, VERSE has now been integrated with BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services. This integration heralds a new era of […]
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ceτi AI, a pioneering decentralized artificial intelligence infrastructure provider, is thrilled to announce the successful launch of its CETI token. Founded by a team of visionaries led by Dennis Jarvis (formerly of Bitcoin.com and Apple), ceτi AI is on a mission to democratize access to AI by building a globally distributed, high-performance, intelligent, and scalable […]
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Marathon Digital Holdings, one of the world’s largest public Bitcoin mining companies, has announced its work on Anduro, a multichain, layer two platform on top of Bitcoin. With Anduro, Marathon proposes the creation of several sidechains designed to expand Bitcoin’s standard functionality and attract activity previously directed to other chains. Marathon Announces Anduro to Expand […]
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PRESS RELEASE. Dubai, UAE (March 1, 2024) – The ftNFT Annual International Awards celebrated the 2024 ceremony on February 27 at Dubai’s iconic Armani restaurant, unveiling this year’s winners. The event, known for its exclusivity and commitment to advancing the NFT and blockchain sectors, assembled premier talents and groundbreaking projects. These awards spanned a variety […]
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GAIMIN, the world’s leading provider of DePIN (Decentralised Physical Infrastructure Networks) today announces the world’s first L2 blockchain focused on delivering Web3 technology and services to the gaming industry. The incorporation of Web3 technologies, such as blockchain, crypto currency based economies and owner retained NFTs within the gaming industry has been slow to develop, primarily […]
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British billionaire Sir Jim Ratcliffe has agreed to buy a 25% stake worth about £1.25 billion ($1.3 billion) in Manchester United soccer club, the BBC reported Sunday.
As part of the deal, Ratcliffe’s Ineos Group will take control of the club’s football operations.
Ratcliffe, 71, will also provide $300m (£236m) for future investment into Old…
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Amid the current bearish sentiment around the cryptocurrency market, the popular Ethereum-based meme coin Shiba Inu has taken a positive step by partnering with internet domain company D3 Global.
The team revealed its partnership with the internet domain name company in its latest version of the SHIB magazine. The latest magazine is now the seventh version that has been released since it was introduced.
D3 Global is a domain company that focuses on bridging the gaps between the web2 and web3 ecosystem which is overseen by Fred Hsu and Shayan Rostam.
Rostam asserted that partnering with Shiba Inu will allow the introduction of unique, memorable, and affordable domain names to users. Additionally, it will make use of Web3 utility on the internet’s base layer to streamline their digital identities.
The latest partnership is a part of Shiba Inu’s broader endeavor toward a decentralized identification project. Shiba Inu is seeking to establish a decentralized internet top-level domain (TLD) name for its users.
The collaboration aims to safeguard the “.shib” TLD name. A TLD is the last element of a web address that appears after the dot such as “.com,” “.org,” or “.net.”
The TLD will enable SHIB users to register their .shib names which may be resolved through the global Domain Name System (DNS). It will also allow its users to have a digital identity compatible with Web2 and Web3 applications.
The “.shib” domain seeks to offer seamless compatibility with both the traditional Web3 technologies and the modern internet’s Domain Name System (DNS). This is unlike the current web3 names which are incompatible natively with essential internet technologies like email and web browsers.
With this initiative, SHIB users may have more functionality and be able to utilize their domain with regular web browsers. Additionally, it could also improve their blockchain transactions and digital identity.
Being a major player in the internet domain industry, D3 is an expert in the administration and use of top-level domains. Their specialty is maneuvering through the difficult procedure of obtaining and configuring new TLDs.
The procedure of getting a TLD is not that simple or quick. It needs to be approved by ICANN, which is the result of a difficult and extensive application procedure.
Related Reading: Shiba Inu Faces Make Or A Point As Analyst Identifies Critical Trading Pattern
In addition, the community must be involved and supportive of the initiative. This is because ICANN takes the public interest and possible effects of a new TLD into account.
Despite the notable partnership, the SHIB token is still down by over 2% in the past 24 hours, trading at $0.000010. Its market capitalization is down by over 2%, while its trading volume is down by over 30%, according to CoinMarketCap.
So far, the lead developer of Shiba Inu, Shytoshi Kusama has expressed the team’s pleasure in the collaboration. “We are extremely proud to once again trailblaze decentralization in world history,” Kusama stated.
Featured image from iStock, chart from Tradingview.com
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
OpenAI has opened applications for the second cohort of its six-week program for artificial intelligence (AI) startups, Converge 2, through which it will invest $1 million into each of the 15 successful participants selected.
The organization behind ChatGPT announced that the initiative, accessible worldwide, is aimed at individuals like engineers, designers, researchers, and product builders utilizing AI for innovative purposes. OpenAI founded the startup fund on the idea that robust AI systems will fuel a new era of groundbreaking startups.
The rapid proliferation of AI tools and solutions has ignited support from industry experts and investors alike. Generative AI startups have received considerable funding from various companies and organizations in 2023 alone.
the openai startup fund launches converge 2: https://t.co/KDzjboxzXa
— Sam Altman (@sama) December 14, 2023
In November 2022, OpenAI initiated the first phase of the startup fund to support aspiring founders and companies creating innovative AI products. It provided $1 million in investment to each of the 12 chosen startups from the pool of applicants.
Announcing the program via a statement shared by its CEO, Sam Altman, OpenAI explained the initiative’s background and its impact on AI. The company stated that the startup fund initiative is OpenAI doing its part to help push the boundaries of applied AI in essential domains.
The company said the initial and final weeks of the program will take place in San Francisco, with OpenAI covering travel expenses for participants.
The company also encourages founders from diverse backgrounds to apply, regardless of their location outside the United States or experience level. It highlights that prior experience with AI systems is not a requirement.
Related: Is OpenAI about to drop a new ChatGPT upgrade? Sam Altman says ‘nah’
The application period runs from Dec. 13, 2023, to Jan. 26, 2024.
Kasikornbank, a private bank in Thailand, also introduced a primary fund of $100 million, KXVC, to invest in AI, Web3, and deep tech startups, specifically concentrating on the Asia-Pacific region.
Meanwhile, French AI startup Mistral AI disclosed fundraising of $415 million in its recent funding round, which concluded on Dec. 1. The funding round was spearheaded by Andreessen Horowitz, along with support from the startup’s original backers, Lightspeed Ventures.
Magazine: Real AI use cases in crypto: Crypto-based AI markets, and AI financial analysis
The BCUT token sale will begin on December 14, 2023, via CoinList with up to 65 million tokens up for grab at discounted prices.
BitsCrunch network, a decentralized artificial intelligence (AI)-enhanced data ecosystem that delivers multi-chain forensic analytics to DeFi developers, has opened a short window for the registration of the BCUT token community sale.
According to the announcement, the bitsCrunch network will be conducting its BCUT token community sale on the CoinList protocol beginning on December 14, 2023, at 17:00 UTC.
As a result, early investors have been notified to fund their CoinList account with a minimum of $50 and a maximum of $2000 through Tether (USDT) and USD Coin (USDC). Moreover, CoinList account funding will not be allowed after the BCUT token community sale registration deadline on December 11, 2023.
We are excited to announce the BCUT token sale taking place on the 14th of December, in partnership with @CoinList
One API, Endless Possibilities – Your gateway to access smart insights on NFTs and other blockchain assets.
Join the BCUT Token Sale
🔗 pic.twitter.com/aHxY8LPF9Y— bitsCrunch | Insights for a better future of NFTs (@bitsCrunch) November 30, 2023
The bitsCrunch network is backed by leading web3 companies including Coinbase Global Inc (NASDAQ: COIN), Animoca Brands, Polygon network, and Chainlink network, among others. Now the bitsCrunch network intends to welcome the public investors through the CoinList community sale that will involve 60 million BCUT tokens, which represents about 6 percent of the total supply that is capped at 1 billion tokens. However, the bitsCrunch network has reserved an extra 0.5 percent of the total BCUT token supply for the pre-funding bonus.
Notably, the planned price for the BCUT token community sale is set at $0.055, thus a fully diluted market valuation of around $55 million.
“An additional 10,000,000 BCUT tokens (1 percent of the total supply) may be made available for purchase during the bitsCrunch Community Sale at the discretion of bitsCrunch. Users who pre-fund and purchase at least $350 worth of BCUT will be eligible to receive an additional 450 BCUT,” the announcement noted.
Meanwhile, early BCUT investors have been notified that 20 percent of the investment will be unlocked at TGE, which will be followed by a 12-month linear release. However, the company highlighted that investors from certain jurisdictions including the United States, Canada, China, and South Korea, among others, cannot participate in the community sale.
The BCUT is a utility token that is used to smoothen the operations of the bitsCrunch network. For instance, the node operators can stake their tokens to participate in the reward program. Other network participants include the delegators, indicators, community contributors, and consumers.
As for the BCUT token tokenomics, 13 percent of the total supply has been reserved for ecosystem growth, 23 percent designated for backers, the team went with 17 percent, 24 percent to the treasury, and 17 percent to community incentives. Worth noting that the BCUT token will have a 3 percent annual inflation to sustain the community incentives among other operations.
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Final Fantasy game developer Square Enix has announced auction dates for its upcoming Symbiogenesis nonfungible tokens (NFTs). In a Nov. 24 social media post, the team said it would sell the NFTs in three batches. The first batch will be auctioned from Nov. 27 to 28, the second from Nov. 30 to Dec. 4, and the third from Dec. 2 to 3. Symbiogenesis is Square Enix’s upcoming blockchain game that features Ethereum-based NFTs.
Starting next week, it’s finally time for the start of the auction!
Phase 1: 11/27 12:00 – 11/28 11:59 (JST)
Phase 2: 11/30 12:00 – 12/1 11:59 (JST)
Phase 3: 12/2 12:00 – 12/3 11:59 (JST)More details herehttps://t.co/MFprrApwio#SYMBIOGENESIS
— SYMBIOGENESIS -NFT Art＆Game Project- | SQUARE ENIX (@symbiogenesisPR) November 24, 2023
According to the game’s documents, the first phase will include facet and mesh characters and will only allow “stakeholders” to participate. This seems to imply that only early investors will be able to participate in the Nov. 27–28 phase. The second and third phases will be available to participants in an “allowlist entry campaign,” the documents state.
The game’s team ran the allowlist entry campaign from Nov. 7 to 21. Collectors were asked to participate in a series of quizzes, as well as a “treasure hunt” that took place within a prototype version of the Symbiogenesis game world.
The participants earned NFT “relics” as a result of these activities, and they scored points toward participating in phase 2. The top 50 highest scores will be allowed to acquire NFTs in phase 2, as well as 40 random participants ranked 51st to 300th. The rest of the participants will be allowed to bid on items in phase 3.
Square Enix describes Symbiogenesis as a “narrative-unlocked NFT entertainment” game. It is scheduled to be launched on Dec 21.
Square Enix is the creator of the Final Fantasy series of games, which the company claims has sold over 173 million units. It launched Final Fantasy NFT trading cards on March 31. In April, the company announced it was partnering with Web3 infrastructure provider Elixir, although details of the partnership have been scarce.