This Week in Web3 - 1/08/23
Adam Prosser
Founder - UK Digital Marketing Agency | ? Generating Leads For SME's ? Free Initial Consultation In-Person or Online
The busy month of July may be behind us now, but August is looking to be just as full of major headlines. Here are the biggest stories of the final days of July and the first week of August 2023.?
Williams Racing’s partnership with Kraken could give NFTs a place in F1.?
The crypto exchange firm Kraken has been working closely with Williams Racing since earlier this year. According to a recent post by Kraken, NFT holders will now be able to vote on an NFT to be placed onto the team’s F1 cars in time for the October Grand Prix.?
Starting from today ( August 1), any NFT holder whose asset is listed on Kraken’s native NFT marketplace will be eligible to submit their token before the contest closes on August 18. Williams and Kraken will then select the top 20 entries, putting them up for a community vote from August 28 to 31.? To learn more, click here.?
Are AIs and language models getting worse??
At the end of last year, ChatGPT, AI ,and language models as a whole exploded into the mainstream. For a while, the rise of AI-based technology seemed inevitable and the internet as a whole was going to undergo a rapid period of change.?
SERPs were going to be filled with AI-generated content that was identical from website to website and contained little information of value. Tech giants such as Google, Reddit and Twitter, (now known as ‘X’) raced to ensure that their services would not be ruined by the rise of AI.?
Despite this mix of panic and optimism, a recent study suggests that language models are not ready for widespread implementation. If anything, allowing the general public unrestricted access to AI has made the technology worse. To learn more, click here.?
领英推荐
U.S. Crypto Exchange Bittrex Files for Bankruptcy in Delaware
Crypto exchange Bittrex has filed for bankruptcy in the U.S. state of Delaware, this news comes after the company announced its intention to leave the U.S. earlier in the year. Bittrex has been under intense scrutiny from financial regulators since 2022, with the Securities and Exchange Commission, (SEC) suing the company this April. Bittrex is the latest of a group of Crypto firms to file for bankruptcy in recent months, joining FTX, Voyager and others.?
Since the news of the bankruptcy was announced on Monday, (08.05.23), most coins have taken a slight downturn in market value. Thankfully, this is expected to only be a minor, short term event. ?To learn more, click here.?