Autor Cointelegraph By Savannah Fortis

Al tech aims to make metaverse design accessible for creators

Al tech aims to make metaverse design accessible for creators

Uverejnil používateľ | okt 13, 2022 |

Artificial intelligence (AI) is a mainstay in many Web3 activities. From nonfungible token (NFT) creation to fraud detection, it is integral to the roots of what makes up decentralized technology. Mona, a Miami-based 3D metaverse development and Web3 social platform, unveiled an AI-powered 3D generator for material design. The tool allows designers and creators on the platform the ability to input words into the AI mechanism in order to create materials for their personalized digital spaces. The MonaAI Material Generator is similar to the AI image and design generator DALL-E. However, it focuses specifically on “seamless” and realistic textures to be used in a metaverse setting. Currently, over 4,500 designers are working on the platform who will have access to the tool, according to Mona.Mona co-founder and CEO Justin Melillo told Cointelegraph that AI is becoming increasingly more accessible to creators and metaverse developers. Especially with tools like the aforementioned DALL-E and now Mona’s 3D materials designer, entrance barriers are further removed.“The goal over the next year is to make these tools even more accessible to more creators.”However, AI skeptics always turn to the fear of automated systems replacing human creativity. Melillo says that in the case of design and AI-assisted tools, they make building in the digital world more accessible, particularly for newcomers. “Overall, AI should be seen as a tool for artists to help amplify their work, not replace it. There is no substitution for human creativity.”Outside of cosmetic design use cases, AI is starting to be implemented in other metaverse design strategies. Such examples include its use to solve underpopulation issues and also to create unique playable scenarios for individual users. Related: Google AI turns all 10,000 BAYC NFTs into machine-made artTechnology like the MonaAI Material Generator is one such AI-powered mechanism which enables high-quality uniqueness in digital worlds. Regardless of the current quality, Melillo says AI is a tool which will help perpetuate the adoption of Web3. “By making tools accessible that make the creation process easier, we can onboard more users to Web3 through the work they create and share via the blockchain.”He says AI plays a “pivotal role” in the advancement of Web3 and the metaverse and pushes both into the future.

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Samsung uses blockchain-based security for devices in its network

Samsung uses blockchain-based security for devices in its network

Uverejnil používateľ | okt 13, 2022 |

Tech giant Samsung announced it will utilize blockchain technology to upgrade security protocols for all of its smart devices.Knox Matrix is its new blockchain-based security solution for “cross-device experiences.” This means the security layer covers all Samsung devices, from smartphones to home appliances, within the network.Samsung says Knox Matrix will work as an individual’s “own private blockchain system,” with all of one’s interconnected devices equipped with the blockchain multi-layered monitoring. This includes electronics such as smartphones but also smart TVs and air conditioners.The new security upgrade is intended to protect users from exploits of their credentials, while simultaneously making logins more simple.According to the announcement, all Samsung devices will utilize Knox Matrix and receive a unified SDK, whether they are based on Android, Tizen or another OS.This comes alongside the company’s announcement of its new collaboration with Google to improve multi-smart device experiences in the home.Samsung Electronics Announces Expanded Partnership With Google To Elevate Smart Home Experienceshttps://t.co/D50NmDtp0v— Samsung Electronics (@Samsung) October 12, 2022Samsung has been active in expanding its footprint in the Web3 space. A blog post from Blockdata on Aug. 16 revealed the company has  the most active investor in blockchain-related ventures since September 2021. According to the post, Samsung participated in 13 funding rounds within the industry after a nine-month period. Related: Security and interoperability, the challenges ahead of Web3 mass adoptionIt has recently backed an upcoming Web3 gaming studio, along with Samsung’s Asset Management division launching a blockchain exchange-traded fund in Hong Kong. The managing director of Samsung Next also spoke out on the importance of building and investing in the Web3 space at this time. 

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EU regulators ban cross-border payments from Russian crypto accounts

EU regulators ban cross-border payments from Russian crypto accounts

Uverejnil používateľ | okt 6, 2022 |

In a statement released on Oct. 6, the European Union introduced another set of sanctions against Russia due to the prolonged and recently escalated conflict in Ukraine.The new sanctions include a complete ban on cross-border crypto payments between Russians and the EU. This statement includes the prohibition of, “all crypto-asset wallets, accounts, or custody services, irrespective of the amount of the wallet.”New sanctions were installed as a response to Russia’s illegal annexation of Ukrainian territory as the result of what the EU calls a “sham” referendum, along with troop mobilization and threats of nuclear escalation.The previous sanctions capped crypto payments from Russian to EU wallets at 10,000 euros (approx. $9,900).However, this new total ban on cross-border crypto payments between the regions aligns with the EU’s desire to “further deprive the Kremlin’s military and industrial complex of key components and technologies.”Related: Russia blocks OKX website for alleged unreliable financial information: ReportsThis comes shortly after Russian officials’ approval of the usage of crypto for cross-border payments. In the policy, which approved such transactions, lawmakers described ways to acquire cryptocurrency and its uses. The decision aligned with the Central Bank of Russia’s agreement to legalize crypto for cross-border payments a few weeks prior on Sept. 5. In its relations with China, Russia aims to use a central bank digital currency, which is currently in a pilot phase, for transaction settlements. Previously, in 2020, the country adopted a law that banned payments via digital assets.However, proceeding with the latest tightening of sanctions from the EU, Russia faced additional blockages from the United States. On Sept. 15, the U.S. Treasury Department added 22 Russian individuals and two entities based in the country to its own list of sanctions as a result of neo-Nazi paramilitary activity. 

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Kazakhstan grants Binance permanent license to offer digital asset services

Kazakhstan grants Binance permanent license to offer digital asset services

Uverejnil používateľ | okt 6, 2022 |

After a build-up of multiple memorandums of understanding (MoU) and an initial “in-principle” approval to operate in Kazakhstan, Binance received a permanent license to operate in the country.As of Oct. 6, the Republic of Kazakhstan’s AIFC Financial Services Authority (AFSA) granted the permanent license to both manage a digital asset platform and provide custody services at the Astana International Financial Center.This newly acquired permanent license gives Binance official status as a regulated platform in the country. Gleb Kostarev, Asia Regional Head at Binance, said this is another step for Binance being a “compliance-focused exchange.”Kostarev highlighted Kazakhstan’s recent efforts and activities in the crypto space:“We welcome Kazakhstan’s drive to become a leading player in the field of new digital technologies and the cryptocurrency ecosystem.”Binance began laying the groundwork for operations in Kazakhstan earlier this year when it signed its first MoU on May 25, through which it pledged to help further crypto adoption and regulation in the country. Followed by a second on Oct. 3 to help fight financial crime.Related: Kazakhstan’s central bank ‘isn’t going to ignore’ the crypto marketThis development out of Kazakhstan follows multiple actions by authorities to increase the crypto-related opportunities in the country. On Sept. 28 the president of Kazakhstan, Kassym-Jomart Tokayev, told a local news agency that if demand increases the government is ready to authorize a way to convert crypto to fiat.In June, the Ministry of Digital Development, Innovations and Aerospace Industry of the Kazakhstan Republic launched a program that allowed crypto exchanges to open bank accounts and run legal operations in the Astana International Finance Center. Kazakhstan has previously held a reputation as a good place for crypto mining due to local energy prices. Over the last year, the country ramped up its power consumption reporting requirements for mining companies, along with new tax guidelines with a projected impact on the industry. 

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The world's cultural heritage is being preserved one NFT at a time

The world's cultural heritage is being preserved one NFT at a time

Uverejnil používateľ | okt 5, 2022 |

The use cases of nonfungible tokens (NFTs) have evolved from pixelated punks and apes to real-world applications like real estate contracts and music royalties. Another use case is surfacing as the Monuverse uses NFTs to preserve cultural heritages around the world.Through a combination of blockchain technology, 3D imaging, generative art and local collaboration, the Monuverse is using NFTs to take important global monuments into digital reality where they will be preserved infinitely.The first NFT project of this caliber from the Monuverse highlights the Arco della Pace, or the Arc of Peace, in Milan Italy. Ready for a groundbreaking web3 experience?⚡️It all starts here…Episode I: Arch of Peace, a 7777 generative series by @hello_ouchhh More than 5,000 people joined our allowlist already. How about you?Join us now:https://t.co/Koiij9oBLr⚡️ pic.twitter.com/vJZDL0sdkk— Monuverse (@monuverse) September 29, 2022The initial digital rendering of the monument will not be available for individual ownership under the precipice of intellectual property law and authorization of the Italian Ministry of Culture: Archeology, Fine Arts and Landscapes, Milan Authority.However, a subsequent drop of 7,777 randomized NFTs gives individuals a piece of the virtual counterpart of the monument and access to related events. These NFTs also open up a new means by which owners can patronize cultural heritage .Cointelegraph spoke with Andrea Marec, a co-founder of Monuverse, to understand how NFTs can help further preserve this cultural heritage and boost virtual tourism efforts. Related: Web3 technologies could be a game changer for the travel industryNFTs are expected to be a major aid to usher the next billion users into the crypto space. This will especially be the case if they are connected with already known and valued elements of their cultural heritage, creating a sense of familiarity.Marec says when NFTs of monuments are created it will help create “a tangible bridge between realities” and contribute to a virtual ecosystem.“Being one of the virtual owners of a real historic monument should come with both feelings: not only do you own a cool piece, but you are actively helping safeguard heritage in an innovative and fun way.”Virtual preservation of monuments means that they will be frozen in time as they are today. If global conflicts or natural erosion takes place in the real world, virtual reality will have an untouched version for future generations to enjoy.“Owning a Monuverse NFT is not only an honor but also a responsibility,” says Marec.An important aspect of this project is that part of the revenue from NFT drops provides “perpetural funding” to the local institutions to which these monuments belong. “[Funding] will accelerate the maintenance and restoration of monuments around the world, a lot of which are really at risk.”Marec says this is definitely something the project plans to “change for the better.”Aside from cultural heritage, NFTs can create new possibilities for the world of virtual tourism in Web3. While virtual reality and augmented reality have been important in the creating digital experiences Marec believes they cannot do it alone. “Web3 will be critical in this field because it will take people’s experiences to a whole new level. I believe the key word here is ownership.”According to the Monuverse co-founder, virtual tourism can take on a new level of connection to a place as visitors who own a related NFT can develop a real sense of ownership and belonging like never before.Already, metaverse events at historical sites are proving to be innovative ways to connect the past to the future.

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