#CRYPTO & #BLOCKCHAIN

🪙Chamber of Commerce Stands Stands Behind Coinbase in Sec Battle

The Chamber of Commerce backs Coinbase against the SEC, calling for clearer digital asset regulations. It argues that a transparent framework can spur responsible growth in the Web3 ecosystem, safeguarding investors, and promoting market progress while highlighting the necessity for distinct regulatory guidance.

💸Bitcoin Network Congestion Causes Binance to Pause Withdrawals Twice

Binance faced a turbulent time with Bitcoin withdrawals, halting and resuming the service due to network congestion and technical issues. The situation showed the scalability challenges confronting popular exchanges and the larger crypto ecosystem amidst rising transaction volumes.

Investors' and traders' flexibility becomes pivotal while exploring innovative answers to the scalability constraints of cryptocurrencies like Bitcoin in the Web3 era.

💔Argentina's Central Bank Enforces Ban on Crypto Integration in Payment Apps

Argentina's Central Bank curbs cryptocurrency usage in payment apps, aiming to limit the payment system's exposure to unregulated digital assets.

The move, seen as a blow to the burgeoning crypto community in the country, raises questions about financial freedom and restrictions on those seeking decentralized financial solutions.

🤑PEPE Soars to New Heights After Binance Listing, Regains The Spotlight Before Losing 56% of Its Mkt Cap

Memecoin PepeCoin (PEPE) soared to a $1 billion market cap, fueled by a listing on Binance and large-scale purchases by crypto whales, particularly in the US. However, it plummeted 56% in five days, erasing a billion dollars from its total market cap.

PEPE's unpredictable trajectory captivated the crypto community, raising questions about memes' growing recognition as viable financial assets.

Curious to learn more about the latest in Crypto? Discover the full story on LAB51’s website!

#NFT

👑Evening Standard Unveils Exclusive NFT Collection for King Charles III's Coronation

Evening Standard, the fourth UK largest newspaper, collaborates with artist Trevor Jones for an Ethereum NFT collection, "The Oath," celebrating the royals coronation.

Available on Nifty Gateway and via QR codes, Layer-2 protocols reduce environmental impact, drawing new collectors to the NFT art scene.

This limited collection bridges traditions and modernity while launching the Evening Standards in the Web3 space amid TIME, GQ, and Playboy

👉Binance to Add Bitcoin NFT Support to Marketplace, Streamlining Collecting Process

Binance plans to extend its NFT marketplace to support Bitcoin NFTs, enabling traders to buy and sell Ordinals. Users can buy these directly via Binance accounts, removing the need for separate wallets, and promoting Bitcoin as an essential choice for NFT collectors.

Binance's move aligns with the increasing demand for Bitcoin NFTs, as the Ordinals ecosystem exceeds 3 million inscriptions.

👗Mattel and Boss Beauties Unveil Virtual Collectibles Celebrating Barbie's Career Journey

Mattel partners with women-led Web3 brand Boss Beauties to release on-chain virtual collectibles celebrating Barbie's iconic career.

The Boss Beauties x Barbie NFT collection, featuring 250 career-themed NFTs, is available on Flow. Priced at $25 for a pack of four, this collaboration targets Barbie fans for a Web3 introduction.

The official launch, which offers exclusive perks for collectors, is set for May 18 at Veecon.

⚖️Former Opensea Executive Convicted of Insider Trading in Landmark NFT Case

Ex-OpenSea product head, Nathaniel Chastain, was found guilty of wire fraud in the US Department of Justice's first NFT insider trading prosecution.

He allegedly used insider knowledge to buy NFTs before they were featured on OpenSea, profiting from subsequent price rises. Chastain faces possible jail time with sentencing due in August.

Eager to know more about NFTs? Check out the full story on LAB51's website.

#METAVERSE

🎈AlUla Skies Festival Takes Flight in Decentraland's Metaverse

The AlUla Skies Festival arrives in Decentraland, offering virtual hot air balloon tours of AlUla's iconic sights.

In partnership with Metakey and organized by CryptoAngel, the festival aims to transform immersive Metaverse entertainment.

From May 8-18, participants can collect balloon parts and wearable rewards, and build their own flying machines while exploring the virtual desert!

🐾Travelzoo Introduces Travelzoo Meta for Groundbreaking Metaverse Travel Experiences

Internet media company Travelzoo launches Travelzoo Meta, a members-only service for virtual travel experiences aiming to eliminate physical limitations and foster social connections through shared metaverse experiences.

Travelzoo Meta is offering one million founding members exclusive access to personality-based Travel Companions in the form of non-fungible tokens (NFTs) and help provide feedback to shape the future of metaverse travel.

🧟The Walking Dead Voxedit Contest Brings Excitement to the Sandbox Metaverse

The Sandbox launches a VoxEdit contest with the Walking Dead franchise, letting fans design voxel assets based on the graphic novel to vie for a share of 15,000 $SAND.

To enter, creators must share a GIF on Twitter, tag @TheSandboxGame and @VoxEdit, and use the #VoxEditWeekly hashtag.

The contest runs until May 14, with winners announced on June 3, and prizes for the top 10 participants.

🕌Turkey Launches Government Office in the Metaverse, Spearheading Digital Transformation

Turkey launches its first government office in the metaverse with the Communications Directorate being the first public institution in the meta-universe.

It will be accessible globally via mobile devices aiming to push Turkey with other Middle Eastern and Eastern European nations in the digital frontier.

🌇Government-Backed Henan Province Invests in Metaverse: Paving the Way for Digital Expansion

China's Henan Cultural Tourism Investment Group launches a $21.7 million private fund for metaverse projects to enhance digital competitiveness in tourism and culture sectors. Goals:

• Integrate resources within the tourism and culture industries, focusing on virtual reality and metaverse development.

• Henan province plans to expand the metaverse industry to $440 million by 2025 and join other metaverse-embracing regions in China.

Interested in exploring the future of the Metaverse? Check out the complete article on LAB51's website.

#AI

👄Adello Revolutionizes Mobile Advertising with ChatGPT Integration

Adello, a leading Swiss-US AdTech provider, proudly presents the combination of Generative AI and mobile advertising with their new format called #ChatWithMe.

The company is set to change the game in mobile advertising with its simple, groundbreaking integration of ChatGPT.

The pioneering AI-powered ad format invites users to engage with a virtual assistant, offering conversational insights and information about the promoted product or company, reshaping the way audiences interact with advertising in a way like never before.

💻Microsoft's Copilot: Revolutionizing Productivity with New AI Assistance

Microsoft introduces Copilot, an innovative AI-powered application, to aid in content creation and the use of subscription applications like Word, and Excel. This advanced technology aims to optimize workflows while enhancing collaboration.

Goals:

• Transform work dynamics with intelligent assistance, streamlining tasks across various domains.

• Make a future where individuals utilize AI as a trusted partner, accelerating productivity and achieving more in less time.

💼IBM Introduces Watsonx: the Future of AI for Businesses

IBM unveils WatsonX, a new technology set to revolutionize businesses' use of AI, building on the original Watson system's success in data analysis and interpretation.

WatsonX aims to help businesses better understand and make decisions based on data insights.

IBM joins the AI race by providing a potent tool to gain a competitive edge in a progressively data-driven world.

🧠Google Introduces Duet AI to Rival Microsoft Copilot, Unveiling New Workspace Features

Google rebrands its AI tools for Docs and Gmail as Duet AI, positioning it against Microsoft's Copilot.

Based on machine learning technology, it provides features for easier collaboration on documents and emails, including real-time spelling, grammar suggestions, and context-based autocomplete suggestions.

The company aims to boost workplace productivity by offering a more seamless and efficient workflow.

Want to stay up to date with the latest developments in AI? Find the complete article on LAB51's website.

That's all from YOU. ME. WEB3.! Feel free to share your feedback or suggest topics you would like us to cover in future newsletters. Until next time, stay curious and keep exploring the decentralized Web3 with us! 👋🌐