Značka: meta

Meta unveils Metaverse AI supercomputer, claims it will be world’s fastest

Facebook’s parent company Meta says that its newly-created artificial intelligence (AI) “Research SuperCluster” (RSC) will “pave the way” towards building the Metaverse.The social media giant said that it believes RSC is already one of the fastest supercomputers in the world and will snag the top spot when it’s fully operational in mid-2022, according to a Jan, 24 blog post unveiling the hardware. “Developing the next generation of advanced AI will require powerful new computers capable of quintillions of operations per second,” wrote the company. “Ultimately, the work done with RSC will pave the way toward building technologies for the next major computing platform — the metaverse, where AI-driven applications and products will play an important role.”CEO Mark Zuckerberg added in a Jan. 25 Facebook post: “The experiences we’re building for the metaverse require enormous compute power (quintillions of operations/second!) and RSC will enable new AI models that can learn from trillions of examples, understand hundreds of languages, and more.”The machine will be able to work across hundreds of different languages to develop “advanced AI” for computer vision, natural language processing, and speech recognition. “We hope RSC will help us build entirely new AI systems that can, for example, power real-time voice translations to large groups of people, each speaking a different language, so they can seamlessly collaborate on a research project or play an AR game together.”Meta didn’t disclose where the computer is located, or the costs associated with its development and creation. Decentralized finance analyst Camilla Russo compared Meta’s new machine to the Ethereum network, which is considered by some in the industry to be a global “supercomputer” of sorts already. facebook @Meta builds a supercomputer in private to better monetize users’ data in its metaverse.ethereum builds a world computer in the open that allows users to control their data in the metaverse.not the same. https://t.co/lTFIFRw840— Camila Russo (@CamiRusso) January 24, 2022Related: Nvidia CEO: We’re ‘on the cusp of’ a blockchain and NFT-enabled metaverseIn Dec. 2021, Vice President of Intel’s accelerated computing systems and graphics group, Raja Koduri, said that current computational infrastructure will need to improve a thousand-fold in order to power the Metaverse. “You need to access to petaflops [one thousand teraflops] of computing in less than a millisecond, less than ten milliseconds for real-time uses,” Koduri told Quartz at the time.Largely described as the next iteration of the internet, the Metaverse refers to a virtual space where people can work, play and socialize – often by using virtual reality (VR) and augmented reality (AR) technology. In October, Facebook rebranded as Meta to reflect its renewed focus beyond social media.

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Meta reportedly plans to integrate NFTs on Facebook and Instagram profiles

Multinational tech conglomerate Meta is reportedly diving into nonfungible tokens (NFTs) by integrating a feature that will let users show off their NFTs on their Facebook and Instagram profiles. According to the report, Meta is currently working on prototypes that will allow users to mint collectible tokens.Meta is also discussing potentially launching a marketplace that allows the buying and selling of NFTs. However, while the news may excite millions of NFT enthusiasts that use social media, all of the projects are within the earliest stages and may still change accordingly.The discussions follow a push to onboard more staff to help with Meta’s projects. Back on January 12, Meta initiated a push to hire more employees and got around one hundred people to jump ship from Microsoft. Meanwhile, to avoid staff from ditching them for Meta, Apple offered bonuses from $50,000 to $180,000 along with stock options.Formerly known as Facebook, Meta’s major rebranding lets the company focus on initiatives beyond social media. Last year, the company announced its plans to create a metaverse that connects physical experiences to online social experiences. The company also released previews of haptic gloves that may be rolled out for use in its future metaverse.Related: Facebook’s centralized metaverse a threat to the decentralized ecosystem?Potential earnings in the NFT world are becoming very hard to ignore. Firms even predict that traditional brands will dive into the NFT space and explore how to earn within the market.Just recently, leading NFT marketplace Opensea surpassed $3.5 billion in monthly transaction volume. This means that over $169 million are being spent each day in NFT trading just within the platform. According to NFT sales tracking statistics, the NFT market has had a total of $25 billion in all-time sales so far.

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3 reasons why Near Protocol (NEAR) just hit a new all-time high

The layer one (L1) battle is starting to heat up again and multiple protocols have seen their token values rise in recent weeks as traders venture out to see what life is like outside of the Ethereum (ETH) network. One L1 protocol that has seen its token price climb to a new all-time high this week was NEAR, a community-run cloud computing platform focused on interoperability and lightning quick transaction speed.Data from Cointelegraph Markets Pro and TradingView show that, following a pullback that hit a low of $13.10 on Jan. 9, the price of NEAR climbed more than 50% to establish a new record high at $20.36 on Jan. 14. NEAR/USDT 4-hour chart. Source: TradingViewThree reasons that contributed to the growing strength of NEAR include the successful completion of a $150 million funding round, the success of the Aurora cross-chain bridge protocol and an expanding ecosystem of projects and developers working on the NEAR network. NEAR raises $150 million in funding roundThe most recent price spike followed an announcement that the team had successfully closed its latest funding round, raising $150 million from a variety of investors including Dragonfly Capital, a16z, Alameda and Circle Ventures. @NEARProtocol raises $150M to boost ecosystem growth! #NEAR has announced the close of a $150 million funding round led by @zhusu’s Three Arrow Capital.Participants included @MechanismCap, @a16z, @dragonfly_cap, #Alameda and many more.Learn https://t.co/DjilZpkYPH— NEAR Blockchain (@NEAR_Blockchain) January 13, 2022NEAR plans to use the funds raised to accelerate the adoption of Web3 technologies via ecosystem funding, developing out regional hubs for the NEAR community to help raise awareness for the brand and by providing support to the projects building on the protocol. In addition to the communities established in Asia, Africa and Europe, NEAR is also looking to expand its reach to Latin America, Turkey and India. Aurora cross-chain bridgeA second factor behind the rise of NEAR over the past month was the successful launch of Aurora protocol. This platform is built on NEAR and it helps users and the decentralized applications that operate on the Ethereum network bridge to NEAR protocol.Aurora utilizes the Rainbow Bridge to facilitate the migration of assets between supported networks and has quickly become a popular protocol for cross-chain transfers with more than $732 million in total value locked, according to data from Defi Llama. As a result of the increased activity brought by the increased adoption of projects on NEAR and the migration of tokens from Ethereum, the daily transaction count on the NEAR network established a new record high of 721,061 transactions on Jan. 11.Daily number of transactions on NEAR. Source: NEARRelated: Which layer-one protocols will outperform in 2022?Ecosystem expansionA third development helping to boost the value of the NEAR ecosystem has been the growth of its developer community. There has been an increase in the number of projects launched or bridged to the NEAR network over the past two months. Developers on #NEAR get 30% of the txns fees spent on their contract!! – maybe one of many reasons why MAD on @NEARProtocol is growing rapidly and has shown 4x+ growth in 1 year! Top 3 in fastest-growing dev ecosystem pic.twitter.com/UCe9jYVRcG— THE NEARWEEK Ⓝ (@NEARWEEK) January 11, 2022

As seen in the tweet above, NEAR now has the third-fastest growing developer community across the whole of the cryptocurrency ecosystem, thanks in part to the fact that developers on NEAR get 30% of the transaction fees spent on their contract. This provides an income for developers in a field where compensation is not always guaranteed. The expanding developer community, combined with the release of a cross-chain bridge, has led to an expansion of the NEAR ecosystem which continues to grow and attract new projects. Projects in the NEAR ecosystem. Source: NEAR MatesVORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for NEAR on Jan. 9, prior to the recent price rise. The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.VORTECS™ Score (green) vs. NEAR price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for NEAR climbed into the green zone on Jan. 9 and hit a high of 75 around one hour before the price began to increase by 52% over the next four days. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Bored Ape Yacht Club is a huge mainstream hit, but is Wall Street ready for NFTs?

Within months after its launch in April 2021, Bored Ape Yacht Club (BAYC) has become one of the main reasons Wall Street should take the emerging nonfungible token (NFT) market seriously, thanks to its recent sales turnover of over $1 billion.Celebrities ape into BAYCFor the uninitiated, BAYC is a collection of 10,000 cartoons of anthropomorphic apes with stylish clothes and disreputable expressions. Each ape is practically an image file that should be worthless in a sane world. Nonetheless, they have been managing to fetch astonishing sums, sometimes from some of the world’s most renowned celebrities.For instance, Jimmy Fallon, a popular American TV host, bought the image of a Bored Ape that wore a striped T-shirt and heart-shaped shades for almost $220,000 in November last year. And very recently, Academy Award-winning rapper Eminem paid nearly $462,000 for an ape that somewhat resembled him.Eminem’s bored ape, dubbed BAYC #9055. Source: The GuardianMeanwhile, one of the rarest Bored Apes, which had a gold fur trait, fetched $3.4 million in an online auction held by Sotheby’s in October, breaking the record of another rare ape with laser eyes, which was sold to the Sandbox for $2.9 million a month before.But what is the selling point?The BAYC collection fetches its value from NFTs, digital ownership proofs logged on a public blockchain. Think Bitcoin (BTC), but each “coin” is indivisible and unique in some way.Meanwhile, most NFT projects, including BAYC, settle via the Ethereum blockchain, priced in its native token Ether (ETH).But rarity is not the only reason people pay millions of dollars for Bored Apes. In addition to owning a unique avatar, people also gain admissions to an exclusive membership club, imposed with tokens. That gives them entry into an inner circle of elites, bringing them status and more profitable opportunities.APE FEST 2021 details posted in the BAYC Discord:https://t.co/KjYGPhYWCP☠️⛵️ pic.twitter.com/jvY38qf6NK— Bored Ape Yacht Club (@BoredApeYC) October 1, 2021Evan Luthra, the CEO, and founder of EL Group International and a BAYC’s exclusive club member discussed the allure attached to the elite association. The 26-year old angel investor referred to the membership as something that is “very strong for the Wall Street folks.””I think there is a new celebrity joining the club every single day.”Bored Ape collectibles also enable their owners to enter private messaging boards on Discord and gain privileged access to other NFTs.Bored Ape Yacht Club “floor price”Bored Ape collectibles also enable their owners to enter private messaging boards on Discord and gain privileged access to other NFTs. And then, there is a certain reselling value attached to these NFTs, as visible in its rising “floor price,” which reflects the lowest bid one may open for the collectibles.As of Jan.7, the BAYC floor price was 68 ETH, or around $217,800, up 380% from its mid-August low.BAYC Floor Price chart. Source: CoinGeckoNoelle Acheson, head of market insights at Genesis Trading, credited BAYC for being more flexible in collaborations than CryptoPunks, one of the only high-profile NFT collectible series that came before it. These collaborations include a BAYC-inspired Adidas gear, the signing of a talent agency, a potential Bored Ape music group, and other related assets emerging around the languid ape characters.”So, the concept of floor prices — which drives institutional investment in NFTs as well as their increasing use as collateral for loans — no longer depends just on how much investors think someone else will pay further down the road,” Acheson explained, adding: “Floor prices, and an asset’s appreciation potential, now also depends on what else the NFTs can be used for, other than just displaying.”Luthra agreed, adding that the continuous involvement of celebrities with BAYC would further boost its recognition among retail and institutional investors alike. That may bring more demand for its NFT collection, which, in turn, would push its floor price higher.The “Meta” factorJelmer Rotteveel, the co-founder of NFT collection MoonwalkerFM, attached one more bullish backstop to the BAYC core valuation: the ongoing hype around Meta, rebranded from Facebook to support the social media giant’s metaverse ambitions.”With the emergence of Meta we will be entering a new way of communication and business,” he told Cointelegraph, adding that NFTs would become an integral part of the metaverse sector, with users supporting unique digital avatars, such as Bored Apes, to interact with one another digitally. He added:”I believe that people will be looking more closely at the developments of NFT projects like BAYC, and, just like you saw with cryptocurrency, they will be stepping in one by one.”Acheson noted that Facebook/Meta has committed to spending approximately $10 billion on metaverse development, citing its CEO Mark Zuckerberg’s statement that they would look into decentralized metaverse applications.”Whether we believe him or not — investors are likely to think about getting in ahead of those flows,” she added.Will Wall Street ape into NFTs?As stated, BAYC’s net sales recently crossed the $1-billion-mark, almost 10% of what Apple earned in 2021. Meanwhile, the NFT sector, on the whole, processed sales worth $41 billion, which came to be almost equal to the global art sales in the year, data from Chainalysis showedMatt Hougan, the chief investment officer of Bitwise Asset Management, admitted that many of their clients had been looking for exposure in the NFT space without needing to crisscross through its daunting technology. In response, Bitwise launched a dedicated fund last mont, which tracks its own Bitwise Blue-Chip NFT Collections Index — a basket of the ten largest NFT collections weighted by market capitalization — and buys and holds artworks from BAYC, CryptoPunks, and other NFT projects. Related: The NFT world is gradually bridging the gap between niche and mainstreamThe “Blue-Chip NFT Index Fund” is available only to institutional investors who invest at least $25,000 into the product. Returns brought forth by Bitwise’s NFT fund since inception. Source: Bitwise Asset ManagementRebekah Keida, director of marketing at New York-based investment management firm, XBTO, favored the prospects of Including blue-chip NFT projects like BAYC or CryptoPunks into funds on Wall Street. Keida says that it would open the floodgates for accredited investors to pour thousands, even millions, of dollars into these digital projects. “The opportunities afforded by the increased capital flow enhances the legitimacy of top NFT projects while allowing investors a diverse bet in crypto,” she told Cointelegraph.Luthra showed confidence in asset managers’ ability to tail Meta’s foray into the metaverse sector, which, in turn, would benefit the NFT projects like the BAYC, saying:”If Meta thinks that the future lies in the metaverse and that’s where they are investing their time and energy, it only makes logical sense for asset managers to deploy funds towards the industry. As the space matures and there is more opportunities available, I am confident we will see many more metaverse related funds pop up to capitalize on the opportunity.”Meanwhile, Sami Chlagou, CEO at Cross the ages metaverse game, compared Meta’s potential involvement in the NFT space with “lighting a lamp in the heads of investors who are much more backward about this concept.””Whether you think Meta’s decision is good or bad, the fact remains that when one of the largest social networking groups open to innovation and known for shaking up our environment talks about a subject, it opens doors and the desire to get involved.”The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Samsung launches metaverse store in Decentraland

Samsung is the latest megacorporation to announce a metaventure project, opting for Decentraland for its metaverse project. On Jan. 6, 2021, the consumer electronics giant announced the opening of a virtual replica of its iconic New York physical store in order to enhance customer interaction at a time when COVID-19 is keeping people away from physical shops.The Samsung metaverse store is a replica of a real-world shop situated at 837 Washington Street in New York City’s Meatpacking District in Manhattan. The Samsung 837X shop will now be accessible on the metaverse for a limited time. The company claims that it is one of the largest brand land takeovers in Decentraland, a blockchain-powered metaverse.Customers must first enter Decentraland using a web browser to access the store. After logging in, their avatar will be sent outside Samsung’s metaverse structure. When the avatar enters the lobby, a virtual guide will lead the avatar to one of three interior rooms: sustainability, customization and connection.Related: Blockchain and the metaverse make inroads at Consumer Electronics ShowThe Samsung 837X store will feature “Connectivity Theater and Sustainability Forest” as well as a musical event at the “Customization Stage,” according to Samsung.The South Korean technology giant recently announced the release of a new smart TV range with an integrated NFT platform. Micro LED, Neo QLED, and The Frame are just a few of Samsung’s 2022 smart TVs that will have an NFT Platform app for discovering, purchasing and trading digital art.

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Shanghai includes metaverse in its development plan

Shanghai, China’s most crowded city, is looking for ways to use a metaverse in public services over the next five years.Shanghai Municipal Commission of Economy and Information Technology’s five-year development plan for the electronic information industry listed four frontiers for exploration, and one of them is the metaverse.According to a CNBC report, the paper called for promoting the metaverse’s use in public services, business offices, social leisure, industrial manufacturing, production safety and electronic games. The commission plans to encourage further study and development of underlying technologies, such as sensors, real-time interactions and blockchain technology.China’s interest in new technology has been unwavering in recent years, and its efforts to establish a central bank digital currency (CBDC) and its use of digital biometric hardware wallets for the virtual yuan have cemented it as a leader in the issuance of a CBDC.In March, China’s State Council released its five-year development plan that included many of these same fronts for exploration. As reported by Cointelegraph, the term “blockchain” was used for the first time in China’s 14th five-year plan, a document that outlines the country’s economic goals for the next five years, which runs from 2021 through 2025.Related: Chinese companies embark on a metaverse trademark raceThe metaverse has become an area of interest for many major companies in recent months. In October, Facebook changed its name to Meta in order to bank on the popularity of the term metaverse.Despite the People’s Bank of China’s warning on metaverse and nonfungible tokens in November, over 1,000 Chinese businesses have filed tens of thousands of trademark applications that reference the term. More than 1,360 Chinese businesses have applied for 8,534 trademarks, according to the South China Morning Post.Chinese companies are in the process of developing metaverse technologies, with Baidu, Tencent and Alibaba among those aggressively working on related projects. Last week, Baidu debuted its XiRang metaverse app, which will fully launch in six years.

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Avocado Guild and TPG Telecom partnership lets players earn mobile data with tokens

TPG Telecom and the Avocado Guild, a blockchain gaming business focused on the play-to-earn (P2E) model, have teamed up to allow customers to exchange their AVO DAO tokens for mobile data credits. AVO DAO is the native digital currency of the Avocado Guild. It will be utilized to incentivize players for their time and effort in playing blockchain games.While commenting on the new partnership, Avocado Guild CEO and co-founder Brendan Wong said that the partnership contributes to the overall vision for Avocado Guild “to enrich our scholars’ lives by allowing them to exchange the tokens for internet access.”The collaboration with the Avocado Guild, according to CEO Richard Tan of TPG Telecom, allows TPG Telecom to take a long-term approach toward participating in the blockchain digital economy. The TPG Telecom and the Avocado Guild will also introduce a pilot project, which utilizes the Avocado DAO and involves PSP Soteria Ventures (PSV) and QCP Capital, according to the announcement.Related: Binance partners with Indonesian telco to develop new crypto exchangeThe new collaboration comes after Avocado Guild raised $18 million in Series A funding to help it grow its gaming services. The company will invest the cash to expand its technological know-how and transition to Avocado DAO, a decentralized autonomous organization.The Avocado Guild is a blockchain gaming association that highlights the play-to-earn (P2E) business model. In this system, gamers profit from playing games rather than through the traditional microtransactions seen in most mobile and PC games. Players are rewarded with digital assets that have real-world value. These assets can be used to purchase in-game items or traded on secondary markets for cash.

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Discussion on crypto and major tech firms combine in hearing over decentralization of digital ecosystem

Blaine Luetkemeyer, a House representative from Missouri, revisited the issue of major companies exerting control over vast swaths of the internet, something he expressed concerns about encroaching in the crypto space.Speaking at a Wednesday hearing on digital assets with The House Committee on Financial Services, Luetkemeyer addressed Bitfury CEO and former acting Comptroller of the Currency Brian Brooks in saying that major tech firms including Instagram, Facebook — now Meta — and Twitter “control people on their platforms.” Luetkemeyer asked whether this level of control could extend to undue influence for the rollout of a digital dollar.“The point of crypto is to have true decentralization,” said Brooks. “The projects that succeed will be the projects that achieve that. Bitcoin succeeded because there were literally millions of participants in the node network, and so there is no CEO of Twitter to deplatform you, there’s no CEO of JPMorgan to take away your credit card.”Bitfurty CEO Brian Brooks addressing the House Committee on Financial Services on Dec. 8The Bitfury CEO added that he believed companies unable to meet this standard would be relegated to the “ash heap of history” — that is, lose their relevance and largely be forgotten. In his written statement to the committee, Brooks implied that a decentralized internet would be better “than an Internet largely controlled by five big companies”:“Crypto policy should take into account not only any new risks introduced into the system, but also the risks in the present system that are being solved by decentralization.”Related: Bank of International Settlement calls the rise of decentralized finance ‘an illusion’ in latest quarterly reviewFor many of the lawmakers in attendance at the Digital Assets and the Future of Finance hearing, the goal seems to be gaining a greater understanding of the existing space rather than how they might be able to provide a clear regulatory framework for crypto and blockchain for the future. The six CEOs in attendance from Circle, Paxos, Coinbase Inc., Stellar Development Foundation, FTX and Bitfury have fielded questions including those on ransomware attacks, quantum computing and price volatility.This story is developing and may be updated, as the House committee hearing is still ongoing.

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