👋 Welcome back to the new issue of YOU. ME. WEB3. The weekly newsletter by LAB51 Inc. 🔍 Stay up-to-date with the latest updates and insights as we explore the endless possibilities of the decentralized web. 💻 Join us in the exciting world of Web3 and subscribe to our newsletter! 🚀

#CRYPTO & #BLOCKCHAIN

🌍 World Economic Forum Releases Whitepaper for Global Crypto Policy

The World Economic Forum (WEF) has released a report highlighting key challenges and potential solutions in global crypto asset regulation. The report focuses on identifying barriers that hinder the growth and adoption of cryptocurrencies, providing insights to shape future policies in the industry. MORE

🇷🇺 From National Plans to Regulation: Russia's New Approach to Crypto Exchanges

Russian lawmakers have shifted their focus from creating a state-owned cryptocurrency exchange to regulating existing crypto trading platforms. The country, which has shown interest in the industry, now aims to establish comprehensive rules and regulations for multiple crypto trading enterprises. MORE

🇨🇳 Beijing Unveils White Paper Outlining Plans for Web3 Innovation

Beijing has released a comprehensive white paper outlining its vision for Web3 innovation and development. The paper highlights the city's commitment to embracing decentralized technologies, blockchain, and digital assets. With a focus on fostering a thriving Web3 ecosystem, Beijing aims to drive technological advancements and promote the integration of Web3 applications across various industries. MORE

📉 Bitcoin Experiences First Monthly Decline of 2023

Bitcoin, the world's most popular cryptocurrency, recorded its first monthly loss of the year, declining by approximately 8%. While Bitcoin had initially surged by 84% from the beginning of the year until mid-April, it has underperformed stocks, bonds, and gold over the past four weeks. Factors such as reduced liquidity and restrictive monetary policies are lowering enthusiasm for cryptocurrencies. MORE

🤝 UAE and Hong Kong Central Banks Team Up for Joint Crypto Regulation Efforts

The central banks of Hong Kong and the UAE have recently revealed their intention to enhance financial collaboration and jointly oversee the regulation of virtual assets. The two banks conducted a bilateral meeting in Abu Dhabi, during which they discussed various aspects, including financial infrastructure and cross-border trade settlements, as part of their concerted efforts towards effective regulation in the Web3 space. MORE

Curious to learn more about the latest in Crypto? Discover more on LAB51's Website.

#NFT

💱 Magic Eden to Pay You for Trading Solana NFTs!

Magic Eden, the leading Solana NFT marketplace, announces its "Chapter II" initiative, providing free SOL for NFT transactions, open-sourcing marketplace smart contracts, and aggregating listings from competitive platforms. MORE

🔄 From Ethereum to Bitcoin: NFT Migration Enabled by BRC-721E Standard

The BRC-721E token standard, a collaboration between Bitcoin Milady and Ordinals Market, enables Ethereum-based NFTs to migrate to Bitcoin. The transformation requires a bridging contract, facilitating a transition from ERC-721 NFTs into Ordinals, providing increased utility for Bitcoin users. MORE

🙊 Binance NFT Marketplace: Introducing Crypto Loans against NFT Collateral

Binance's NFT marketplace now facilitates crypto borrowing using NFTs as collateral, a novel venture into the NFT lending arena. This feature currently allows Ether (ETH) borrowing against select NFTs at an annual interest rate of 7.91%. MORE

🏎️ NFT Ticketing for the Monaco Grand Prix

Platinium Group, in collaboration with Elemint and Bary, is innovating sports ticketing by issuing NFT race tickets for the Formula 1 Monaco Grand Prix. This unprecedented initiative marks a significant stride in integrating blockchain technology into global sports events, offering holders post-event benefits and a more personalized, exciting experience. MORE

☕ Starbucks New NFT Airdrop for Odyssey Rewards Members

Starbucks is preparing an NFT airdrop for Odyssey rewards program members, enhancing its engagement with Web3. Eligible users, primarily U.S. residents, will receive a limited-edition stamp, reinforcing Starbucks' ongoing interest in the realm of digital ownership and loyalty rewards. MORE

Eager to know more about NFTs? Discover more on LAB51's Website.

#METAVERSE

🇭🇰 CyberDefender: Hong Kong's Initiative to Shield Metaverse Against Cyber Crimes

Hong Kong Police Force's cybersecurity unit launches CyberDefender, a Metaverse platform for public education on potential Web3 and Metaverse risks. The move comes amid rising technology-related crimes and aims at fostering crime prevention. MORE

🕹️ Revolutionizing VR: Inside the Meta Quest 3

The Meta Quest 3 is set to bring massive improvements to mixed reality headsets. Notably lighter and thinner, the headset features fancy hand-tracking and pass-through video. While the exact price remains undetermined, it promises to be more affordable than competitors without sacrificing power and innovative features. MORE

🏙️ Metrotopia: Zaha Hadid Architects and ArchAgenda's Bold Leap into the Metaverse

Metrotopia, a Metaverse venture by Zaha Hadid Architects and ArchAgenda, provides a virtual hub for the global design community. The platform launched with a virtual exhibition, 'Knowledge Transfer,' at the 2023 Venice Architecture Biennale, featuring designs from major architectural firms. MORE

🇦🇪 World's First Bitcoin Tower, Blending Cryptocurrency with Luxury Stays

Italian developer Salvatore Liggiero unveils the world's first Bitcoin Tower design, set to be erected in Dubai. Combining hospitality and cryptocurrency, guests at this 40-story architectural marvel will receive exclusive non-fungible tokens (NFTs) and investment opportunities via staking cryptocurrency during their stay. MORE

💨 BBC Ventures into Metaverse With Doctor Who and Top Gear!

The British Broadcasting Corporation (BBC) partners with The Sandbox Metaverse and Reality+, bringing iconic shows like Doctor Who and Top Gear to the virtual realm. Aiming for sustainability, they've partnered with Offsetra, Nori, and WeForest to compensate for carbon emissions and restore threatened forests. MORE

Interested in exploring the future of the Metaverse? Check out more on LAB51's Website.

#AI

🚨 AI Leaders Sound Alarm on Risk of Extinction in Open Letter

AI leaders issue a warning about the potential risk of extinction associated with artificial intelligence. In an open letter, they emphasize the need for responsible development and governance of AI technologies to ensure a safe and beneficial future for humanity. MORE

🇯🇵 Japan Embraces AI Training and Explores Copyright Exemption

Japan is making waves in the AI realm by considering copyright exemption for AI training. The move aims to foster innovation by enabling AI models to be trained on copyrighted materials without violating intellectual property rights. This progressive step reflects Japan's commitment to advancing AI technology and exploring new frontiers in the digital age. MORE

💬 Meta Introduces Open-Source Speech AI Models for Multilingual Support

Meta, the parent company of Facebook, unveils open-source speech AI models that offer support for over 1,100 languages. This development marks a significant step towards enabling multilingual communication and accessibility across the digital landscape, demonstrating Meta's commitment to advancing AI technologies and promoting inclusivity in the Web3 era. MORE

💻 NVIDIA Introduces Revolutionary AI Supercomputer

NVIDIA unveils its latest AI supercomputer platform named DGX GH200, delivering remarkable processing power and advanced capabilities to create the next ChatGPT. The AI supercomputer is designed to accelerate breakthroughs in AI research and development, enabling scientists and engineers to tackle complex challenges with unprecedented speed and efficiency. MORE

Want to stay up to date with the latest developments in AI? Find more on LAB51's Website.

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