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YOU. ME. WEB3. - LAB51 Newsletter
Stability AI Unveils FreeWilly π Sam Altman launches Worldcoin πͺ Binance AI NFT Generator π¨ UAE Enters the Metaverse ποΈ
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AI
Stability AI's CarperAI team introduces FreeWilly1 and FreeWilly2, new open-source Large Language Models (LLMs) that excel in reasoning competitions and language understanding across various disciplines like law and mathematics. The models leverage LLaMA and LLaMA 2 foundations by Meta. MORE
Emad Mostaque, CEO of Stability AI, predicts that AI will become the "biggest bubble of all time", estimating a $1 trillion investment opportunity. Generative AI tools, like Stable Diffusion, are gaining popularity but are still in the early stages of mass-scale adoption in various industries. MORE
OpenAI introduces custom instructions for ChatGPT users, allowing personalized prompts for smoother interactions. Users can specify prompts, context and preferences to receive tailored responses, making it easier to use the chatbot effectively. MORE
CRYPTO
Worldcoin, the ambitious crypto project co-founded by Sam Altman, officially launches after three years of development. It offers a unique digital identity by scanning users' eyeballs using an "orb." World ID grants "proof of personhood," bridging the worlds of AI and crypto. MORE
Japan's Prime Minister, Fumio Kishida, reaffirms the country's commitment to fostering the Web3 industry, describing it as a "new form of capitalism." At the WebX conference, Kishida highlighted Web3's potential to transform the internet and drive growth by resolving social issues. Binance also announced its imminent launch of services on a new Japanese platform in August 2023. MORE
Dogecoin, the meme-based cryptocurrency, experiences a 9% surge following enigmatic tweets from Elon Musk, linking it to the future of X (the new name of Twitter). Musk's tweets have had a notable impact on Dogecoin's value, making it one of the best-performing coins in the past weeks. MORE
NFT
Binance launched an AI-powered NFT generator called Bixel, which allows users to create custom artworks without any artistic experience. The tool is now permanently available for verified Binance NFT users who have completed the platform's KYC identity verification process. MORE
OpenSea has launched a new feature called Deals, which allows users to swap NFTs with each other directly. The Deals feature is currently in beta testing, but it is expected to be released to the public soon. This is a valuable tool for NFT collectors, making it easier to find and trade NFTs they are interested in. MORE
METAVERSE
e&, a technology and investment group in the UAE, has launched the first metaverse in the Middle East. The e& universe is a virtual world that allows users to interact, socialize, and explore various experiences, including virtual homes, sports, concerts, and more. HTC's VIVERSE technology powers the platform and offers several phygital world benefits. MORE
Zhejiang Province in China formed a Metaverse Association to boost local industry. The association plans to increase its membership to 200 members and a $28 billion Metaverse industry by 2025. The association will suggest development plans for the Metaverse industry and work with regulators to ensure compliance. MORE
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