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- YOU. ME. WEB3. by LAB51
YOU. ME. WEB3. by LAB51
⛓️Coinbase Blockchain 🤖IBM AI Chip 📦Amazon AI 🙊Sotheby's BAYC Lawsuit
Anna Pak
August 18, 2023
👋🏻 Welcome back subscribers & Happy Friday Everyone!
I bet you're excited for the weekend and have some awesome plans like 🏞️ walks in nature or 🍻 enjoying time out with friends! But before you fully unwind, let's catch up on the most important Web3 news of the week. 📰
In today’s edition:
🚞 Explore more News 😎👇🏻
AI
Amazon accelerates generative AI pursuit with custom AWS chips, named Inferentia and Trainium. The aim of Amazon is to rival Microsoft and Google's strides and to offer AWS customers an alternative to training their LLM on Nvidia GPUs, difficult and expensive to procure. MORE
IBM Research introduced a groundbreaking analog AI chip, leveraging nanoscale resistive memory devices for efficient and precise deep neural network computations. The chip has already demonstrated remarkable accuracy (92.81% achieved on the CIFAR-10 dataset). MORE
CRYPTO
Coinbase, the largest US crypto exchange, has launched its Base blockchain, marking the first instance of a publicly listed company introducing its own distributed network. Base had already been announced in February 2023 to test for developers, and is now open to the public. MORE
The US SEC has delayed the verdict on the ARK 21Shares Bitcoin ETF application, prolonging the wait for this anticipated product. Cathie Wood, CEO of ARK Invest, had already expressed concerns about a potential delay in the verdict. She also believes that the SEC will grant multiple approvals at once. MORE
Europe's first spot Bitcoin ETF, Jacobi FT Wilshire Bitcoin ETF, is now live on Euronext Amsterdam, overseen by Guernsey's financial authority, with Fidelity Digital Assets as custodian. Europe has now officially approved a spot Bitcoin ETF before the US. MORE
NFT
Sotheby's is being sued for allegedly misleading investors about the value of Bored Ape Yacht Club (BAYC) NFTs. The auction house is accused of colluding with BAYC creator Yuga Labs to inflate the value of the NFTs artificially. MORE
The investment was made by Libero Football Finance AG and Nipa Capital B.V., and it will allow Barça Vision to integrate blockchain technology, NFTs, and the metaverse into its digital strategy. The closing of the investment is contingent upon approval from FC Barcelona's shareholders. MORE
METAVERSE
The Sandbox unlocked 332 million SAND tokens, which had a negative impact on its price. The price has been on a downward trend for the past 30 days and is now trading at $0.39. However, The Sandbox continues to onboard new users and partners, which could help to support the price of the token in the long term. MORE
🗞️ Thanks for reading! We hope you found this newsletter informative and interesting. 🔜 If you have any questions or comments, please feel free to reach out to us.
Thanks for reading! 😊
#ai #nft #vr #ar #innovation #digitalmarketing #nft #web3