Archive for Redaccion

Examples of the Metaverse

We are years away from seeing the metaverse in action. At least, that is what Meta (Facebook) says, who is already working on a virtual world where users will be able, among other things, to communicate with their friends or relatives in a way very similar to how they do it in reality. In any case, Meta has not invented the term metaverse either.  The term metaverse comes from a virtual world where we can interact with other individuals, this concept has been present for years in the video game industry, although not exactly with that name. Fortnite Metaverse While the game is based on competing against dozens of players on a map until remaining the last one standing and winning the game, the game’s ecosystem became a huge platform where interacting with users through avatars. Fortnite makes it possible for players to customize their characters with ‘skins’ that have the possibility of being purchased in the in-game store. These are presented in the games, and other players can admire or even acquire them if they want to. It is also possible to chat with other players through voice chat or make moves that have the possibility of representing friendship. Users can even make their character dance. Habbo and Second Life are also metaverses. Habbo is another representation of the metaverse. This platform, created by the Finnish company Sulake, is very similar to the metaverse that Mark Zuckerberg, founder of Facebook, wants to build since this virtual world is a space where users can interact with each other through different virtual spaces. Curiously enough, Haboo (also called Habbo Hotel) offers the possibility of chatting with friends through chat rooms in the shape of hotel rooms. Habbo also has its virtual currency, the ‘Habbo Coins’, which can be exchanged for real money. Second Life metaverse Second Life is another huge example of a metaverse before Meta. This virtual platform, in particular, enables the relationship between users through avatars and different spaces known as viewers. The digital possessions of Second Life are a criterion very similar to that of the NFTs since they can only be used virtually. To trade an object on the platform, in addition, a virtual currency called the Linden dollar is required, which is only available in Second Life. NFTs and cryptocurrencies are important in the virtual world, and they come before Meta. Both NFTs and cryptocurrencies could also be considered part of the metaverse, and they also come before Meta. NFTs are digital possessions that the user can only interact with virtually, just like cryptocurrencies. Both assets, moreover, have different uses in virtual worlds. For example, it is possible to acquire an NFT of an object or add-on for a virtual game based on the metaverse, and proof of this is the yacht in the video game The Sandbox that was acquired for 149 Ethereums, about $650,0000 at approximately the exchange rate. They also called non-fungible tokens, in short, are digital possessions with which the customer can only interact virtually, just like cryptocurrencies. Of course, the metaverse that we could see in a few years will be much more advanced than that of Habbo or Second Life.

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uniswap

Uniswap launches Airdrop of 5,000 USDC

Uniswap is once again making sound among the crypto society using an airdrop, in this situation, it will distribute free money via USDC stablecoin, all to commemorate the official support of NFTs on Uniswap. According to the developers, this is going to be feasible due to their new open-source worldwide router contract (Universal Router contract), they exclaim that the Uniswap aggregator can save tens of a huge amount of gas units over other marketplaces. Open source as a guarantee Uniswap is committed to being transparent, trustless, and open source. To circumvent the drawbacks derived from opacity, such as the loss of trust in the crypto industry due to examples like FTX, Uniswap is going to be the first huge NFT platform to leave in open all its code. Uniswap distributes free money via airdrop with USDC. Uniswap has confirmed that to celebrate the probability of trading NFT’s on Uniswap they will release around 5 million dollars in USDC stablecoins to certain users, to enjoy this airdrop the customer must have used the NFT Genie aggregator more than once before April 15 or be an NFT Genie holder. Uniswap To qualify for this airdrop the user should have used the NFT Genie aggregator more than once before April 15 or be a carrier of an NFT Genie. The $300 grade is available to wallets that completed well over one transaction before the fast one. The $1,000 grade is available to wallets that held the NFT Genie: Genesis at the instant of the rapid. Regarding Genie NFTs, Uniswap details that eligible users will only be able to expose one unique address, which means that if a customer has several Genie: Genesis NFTs in the same wallet they will only be eligible once. Uniswap’s extension to the NFT and ERC-20 sector Genie, the NFT aggregator was acquired by Uniswap on June 21, in which the decentralized protocol sought to “expand its products to integrate ERC-20 and NFTs” into its offering.

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metaverse

What is the Metaverse used for?

The Metaverse is the evolution of the Internet with virtual spaces linked to each other, where connected individuals will be able to interact in an experiential experience. In the words of Zuckerberg himself, the Metaverse “is a group of virtual spaces where you can generate and explore with other people who are not in the same physical space as you”. The Metaverse will rely heavily on the latest virtual reality (VR) technologies since it will be how users will be able to inhabit these virtual spaces through devices with this technology. Origin of the Metaverse The progress of technology has led to techniques that surprise us today, such as AI (artificial intelligence) or virtual reality, which will continue to evolve, especially towards a transformation associated with the world of the Internet. The concept of Metaverse was used in 1992 in a novel by Neal Stephenson: Snow Crash, which explains a virtual place that converges with the physical. It was not until the emergence of the web and the progress of the internet that the Metaverse became a reality. Facebook was not the first to place the issue of Metaverse in public criticism, many organizations are already investing and generating efforts for the work and promotion of the spheres in these virtual spaces. What is the Metaverse for? The construction of scenarios and virtual universes where each individual creates his or her avatar and interacts with other users is nothing new. Meta is intended to bring together this kind of universe with Internet browsing and virtual reality. This choice takes on particular significance if we analyze that, after a year of pandemic disease and remote work, the company launched Horizon Workrooms in August 2021, which, using virtual reality glasses, enables users to enter virtual meeting rooms to interact with other colleagues. The Metaverse serves to enlarge occupations and remove geographic boundaries, seeking to bring individuals together by simply connecting to the network, where they will be able to interact at a different levels. How the Metaverse works  The Metaverse is already operating today, although they are temporary or exclusive virtual spaces for a specific environment. Organizations, organisms, and individuals develop virtual spaces or dynamics over virtual societies that are already operating. Individuals connect to the Internet and can participate in such spaces and societies in the enormous cosmos of the network. To understand how this works, let’s look at some key insights:

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Brasil-crypto

Brazil approves law to accept cryptocurrencies as a payment method

Brazil does not yet handle Bitcoin as a legal currency, but it has left a better precedent as it has approved a law legalizing cryptocurrencies as means of payment throughout the territory, giving a regulatory boost to the adoption of digital currencies and the extension of the ecosystem. The Brazilian Chamber of Deputies approved a regulatory framework that legalizes the use of cryptocurrencies as means of payment in the territory. The first step towards a crypto world The law is already approved and the only thing missing is the signature of the President of the Republic to be executed, it offers legal character to payments in cryptocurrencies for goods and services, however, it does not provide them with the character of legal tender. It is currently the territory with the most cryptocurrency ETFs in Latin America, and most of the nation’s major banks offer any type of exposure to cryptocurrency investments or similar services. Banks for the change to digital currencies Until today, the public bodies with the most assignments in the area were the nation’s own Central Bank and the National Securities Commission. In addition, the law institutes rules for the performance of cryptocurrency barter platforms and cryptocurrency protection and management services by trusted third parties. The law does not mention positions that are assigned to the issuance of a central bank digital currency, however, the territory has already carried out relevant advances in the matter.

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Cryptowallet

First steps to enter Web3

The first step to enter Web3 is the opening of a wallet. Currently one of the community’s default options is the MetaMask wallet, as this has been the key to access most Web3 applications. This wallet not only gives the possibility to trade cryptocurrencies directly from its platform, but also makes it easy to connect to decentralized applications in a complete way. Opening a wallet is the first step in Web3 MetaMask works as a chrome extension, once we have it installed in our browser, we will see the face of a fox at the top right on the extensions site, click on the fox face, and we can start configuring our MetaMask wallet. From here, you will be presented with a step-by-step tutorial on how to set up your MetaMask wallet. The most important thing during your creation process is to always keep in mind and save your password along with the seed phrase. dApps Once you finish the MetaMask configuration, you have the login key to enter the decentralized applications. For example, if we log into OpenSea, which operates on the Ethereum network, we must make sure that our wallet is connected to the primary Ethereum network. Some exchanges or metaverses will automatically offer you to connect to their network, but for some of them we will have to connect manually, that is why if you need it, MetaMask itself has a section where they help you with this process. Buy crypto in MetaMask To start trading cryptocurrencies, we can do it directly from MetaMask without the need to go through a centralized exchange, such as Coinbase or Binance. However, if you have cryptocurrencies on some of these exchanges, you can easily transfer them to MetaMask by copying the address of the wallet that appears in the main part. The process of trading cryptocurrencies through MetaMask is simple. Once the process has been carried out, in just a few minutes the bitcoins or ethers we have purchased should appear in our MetaMask. This space is important because lately the cryptocurrency exchanges are having a bad reputation for things like what happened to FTX, which is why many people choose not to have their cryptocurrencies there despite the facilities they can give us and have them only in wallets like MetaMask or Cold wallets.

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Telegrmacrypto

Telegram announces it will make its own Exchange

Telegram founder Pavel Durov has made known his desire to launch decentralized cryptocurrency products. Following the bankruptcy of FTX, centralized developments were highly questioned by cryptocurrency users. A plan that seeks to innovate in this sector is Telegram, which through its official Telegram channel, the CEO announced the construction of innovative decentralized tools for cryptocurrency users. “Telegram’s next step is to build a suite of decentralized tools, including custodial-free wallets and decentralized exchanges, for millions of individuals to safely trade and store cryptocurrency.” Telegram gets into the future of blockchain technology At the beginning of October, Telegram launched its service to make transactions with Bitcoin (BTC) and the TON token, which is part of The Open Network, developed by the messaging app. In other words, viable thanks to the @wallet bot, where users can trade these cryptocurrencies with fiat currencies such as the United States dollar, the euro, the Russian ruble, the Ukrainian hryvnia, the Belarusian ruble, and the Kazakhstan tenge. The post that Telegram will launch its decentralized cryptocurrency exchange has been first noticed on BeInCrypto.

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Web3

Is Web3 the future?

The future of the internet seeks more transparency and decentralization, which is why it will be defined by technologies such as Web3, the third version of the World Wide Web. What is Web3? The most critical aspect of Web3 is that it stores all the data on a blockchain, which is a decentralized database. No single organization can maintain control of this database on its own and it is pretty transparent. As a result, individuals can look at the data they find on the blockchain and use it for AI, robotics, finance, and supply chain management applications. Why is Web3 the new thing?  The distributed and decentralized nature of the Web3 network will make it difficult for institutions to control certain information and points. However, you should also consider the positive results of Web3 that there is the possibility of sharing information, helping, and doing business in ways that were previously not possible. Web3 as a new path to the original A few years ago, you might have thought that the Internet provided access to information at your fingertips. However, the Internet has become a hotbed of infinite modalities, with numerous novel subcultures and online societies popping up around every corner. Less intervention Not only is decentralization coming, but Web3 applications also have smart contract functionality. This means that transactions and agreements can be automated and performed automatically, removing the need for trusted third parties to monitor each relationship.

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The-russo-brothers

The Russo brothers are working with Amazon on a series about FTX

After the great scandal of the last few days with the issue of FTX, everyone agreed on something: it was a tape story. Although Amazon has already put the batteries, other platforms such as Apple have already shown their interest in bringing Michael Lewis’s work on the company to the screens. Previously, Disney + brought the Theranos chronicle to the screens with a masterful Amanda Seyfried. And, of course, WeWork and the bursting of its bubble at the hands of Adam Neumann. Although unlike its predecessors, which saw years go by before reaching the screens, the broadcast in this situation will be basically live. FTX a story that has to be told With Amazon, the production will be led by 2 of the best-known characters in Hollywood: the Russo brothers. The creators of one of the highest grossing films in history second only to Avatar, Avengers: Endgame. Now the brothers will have the chance to bring the great FTX story to the screen. Everything points to the same thing that the casting of actors will be a very good one, even having members of one of the Avengers tapes. Amazon would be trying to get the brothers themselves to take over the management. All based, according to Amazon, on reports and stories from journalists who have been investigating the FTX story for a long time. What will be seen on the tape? The story is one that is still being written, starting with a fraudulent use of consumer data and a viable purchase by Binance that ended up coming to naught against some long ago falsified accounts. In addition to Funds to buy mansions for FTX employees, million-dollar debts with creditors, users trying to recover their funds or, of course, an attempted purchase of Twitter before Hurricane Elon Musk arrived a few weeks ago. The Russo brothers have a lot of material to tell a story that doesn’t stop getting inconvenient every day.

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Web3-companies

Big tech companies that are already using Web3

Web3 is rapidly becoming what it is today and there are already large technology organizations that are starting to invest in it by rapidly becoming Web3 organizations. Many major companies and venture capital firms continue to invest heavily in Web3 to avoid being left behind. Here are 5 Big Tech Companies Using Web3 1. Meta Facebook has prominent social networking services like WhatsApp, Instagram, and Messenger. Meta is intended to attract millions of users. According to Statista, at least 2.87 billion individuals used Facebook, Instagram, WhatsApp, or Messenger daily through the second quarter of 2022. Thus, since the switch, Meta has invested in the Oculus Quest, a physical device designed to expose customers to the Metaverse.  2. Shopify Shopify is a Canadian company responsible for millions of online retailers. Shopify CEO Tobi Lutke and even company CEO Harley Finkelstein have already shown their fervor for Web3. “I think the future of retail trading and the business will happen in every single piece, in every single area. It can be offline in a gorgeous boutique or a huge farmer’s market.” Additionally, Shopify has filed numerous patents on augmented reality. This includes one for a body measurement system that uses augmented reality and can suggest precise clothing sizes. Twitter Twitter has its approach to Web3, and several tentative steps are still being taken. As one of the most well-known social media platforms, it could have a gigantic dominance. Using NFTs as profile pictures seems to be an admirable way for NFT owners to show their status, especially people who have subscribed to Twitter Blue, as they will be able to choose an NFT as their profile picture.  4. Spotify The growing number of users made this network one of the largest music streaming platforms in the world. The platform has given many job offers based on web3, which integrate positions for managers, engineers, and professionals in the development of trends. In the musical world, artists like Snoop Dogg, Kings of Leon, and Quick Grimes have already experienced success with their NFT song sales. 5. Microsoft It has partnered with Astar Network to start building the future of Web3 through the Astar Incubation program. Also, Microsoft and ConsenSys started guiding their consumers to Consensys in 2021 after they discontinued Azure blockchain services and started to cooperate. Microsoft has also expressed interest in Polkadot, an additional smart contract technology that competes with Ethereum via the Astar Network. Web3 organizations can experience a new future Without a doubt, Web3 technology will transform the way we interact with the digital realm. However, it is important to consider that moving from Web2 to Web3 will not happen quickly.

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web3 crypto

Top 10 cryptocurrencies of Web 3.0

Web 3.0 is a term used to describe the next generation of the Internet that goes hand in hand with emerging technologies such as blockchain, smart contracts, cryptocurrencies, artificial intelligence, and machine learning. You can get into this Web 3.0 by investing in a selection of top-notch projects that we will discuss shortly. What are Web 3.0 cryptocurrencies? The next generation of the Internet will come with Web 3.0. This will take things to the next level, with a strong focus on emerging technologies such as: Web 3.0 will be made up of all of the above technologies and phenomena. And, if you want to invest in the broader growth of this industry, you can buy Web 3.0 cryptocurrencies like the ones we will discuss below, as they will be at the heart of the Web 3.0 ecosystem. The top 10 cryptocurrencies with a strong connection to Web 3.0 are the following: 1. Tamadoge One of the most interesting projects that are still in the pre-sale phase is Tamadoge. An ecosystem with a roadmap that bets on longevity with the development of the Metaverse, NFTs, and augmented reality applications. Its utility token is the TAMA, used in the platform to grant rewards and move the project, this token works under the ERC-20 protocol over the Ethereum network and is characterized by being deflationary. The game consists of minting Tamadoge pets as baby NFTs, once they grow up they will be able to fight to earn points and finally be rewarded with TAMA on a monthly and recurring basis. 2. Battle Infinity Battle Infinity is a decentralized project that provides users and creators with the Battle Arena space, a metaverse platform that has deployed 6 different P2E games that users can participate in and players can purchase virtual terrain plots structured as NFTs in games. P2E with IBAT. At the center of Battle Infinity is IBAT, the platform’s utility token. Which are built on Binance Smart Chains (BSC) and work as a BEP-20 protocol. The tokens act as in-game rewards for participants, and can also be wagered in global liquidity pools in exchange for other cryptocurrencies. 3. Ethereum Ethereum belongs to the best accessible Web 3.0 projects. The reason is that Ethereum is at the heart of the Web 3.0 ecosystem as we know it today. Another fundamental aspect of the Ethereum ecosystem is that it enables anyone, including Web 3.0 projects, to produce and deploy smart contracts. Furthermore, Ethereum, which was first launched in 2015, is one of the best-performing cryptocurrencies in recent years. For example, in a period of 5 years, the cost of Ethereum has increased by almost 5,000%. 4. Uniswap A term you constantly come across when searching for the best Web 3.0 cryptocurrencies to trade is “decentralization.” And, in the Uniswap situation, this top-notch plan is at the heart of the decentralized business. This is because the Uniswap platform which is built on top of the Ethereum blockchain that we have already talked about makes it possible for people from all over the world to trade and sell cryptocurrencies in a decentralized way. 5. Basic Attention Token Currently, marketing agencies pay websites to display their ads, but none of that revenue reaches those who view the right material and this is where Basic Attention Token aims to change the status quo. From the perspective of digital marketing agencies, the Basic Attention Token ensures that advertising funds are used correctly. You can benefit from the Basic Attention Token increase by buying its BAT cryptocurrency. 6. Decentraland The Metaverse is to build a bridge between the digital world and the real world through virtual reality. At the forefront of this is Decentraland, one of the top coins in the metaverse, hosting a hugely successful game world that allows users to invest in digital plots. Most importantly, several real estate projects in the Decentraland ecosystem have sold for millions of dollars, which shows that this Web 3.0 ecosystem already has a criteria test. MANA, which is the native token of the Decentraland ecosystem, is one of the top Web 3.0 blockchain coins in terms of performance. 7. Yearn.finance Yearn. finance plays a role in the future of Web 3.0 with its decentralized lending protocol. Since Yearn. finance makes it possible to facilitate loans without jurisdictional limitations or credit checks in a decentralized way. This would be because users can borrow cryptocurrencies in exchange for placing collateral. The person will then pay the interest on the borrowed funds. For example, by depositing your digital currencies on the Yearn. finance platform, the funds will be used to facilitate the loans. 8. Cosmos Cosmos has an innovative plan that solves the current “blockchain interoperability” problem. For those of you who don’t know, interoperability has to do with the ability of different blockchains to connect and communicate with each other, which ordinarily might not be feasible. And as such, each of the best cryptocurrencies on the market can communicate with all the respective blockchain networks through Cosmos. The project has its native digital token, ATOM, which you can easily trade. 9. The Graph Blockchain protocols facilitate a significant portion of transactions, which, in parallel, can offer room for efficiency issues for the respective network. The good news is that Graph is already doing some work on this with its creative blockchain indexing tool, so once blockchains connect to the Graph protocol, their data is automatically indexed. From an investment perspective, you can benefit from the growth of the Graph and its indexing tool by buying GRT tokens. In short, any blockchain network that uses the tool will have to pay fees in GRT, which in parallel can help its market cost. 10. Tron This plan originating in China could play a fundamental role in the future of Web 3.0, among other things since it returns the content to its rightful owner: the author. This means giving up a significant part of the revenue that the respective content creates. This

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sony-metaverse

Sony buys 3D animation studio for a sports metaverse

Sony, one of the largest companies in the entertainment and electronics world, recently completed the purchase of Beyond Sports, an organization that specializes in using data from around the real world to generate 3D animations. Beyond Sports could bring Sony into the sports metaverse The news came a few days ago after it was announced that Sony had filed a patent to integrate NFTs into games in a new and unique way. Beyond Sports is a company specializing in 3D animation that has the technology to change the actual information of a sports game into a metaverse representation. This purchase and technology from Hawk-Eye Innovations, another organization owned by the conglomerate, will allow the organization to create real-time content related to basketball, baseball, tennis, and soccer. Hawk-Eye Innovations, acquired in 2011, creates technology that can locate the ball at any instant and be used by companies such as the National Football League (NFL) and the National Hockey League (NHL). The entertainment-focused Metaverse Sony can also give metaverse matches using its Playstation consoles as a delivery device. The company has already flirted with metaverse and NFT technology, filing a group of patents to use NFTs as a way to track the history and ownership of game assets. Sony CEO Kenichiro Yoshida has also previously proclaimed that Sony’s “priority is to create a metaverse around entertainment,” using every tool the brand has to this end.

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we3-connections

Key features of Web3

Web 3.0 talks a lot about blockchain, the internet of things, and AI. This new generation of the Internet will influence websites, applications, and all kinds of devices that manage to connect to the Internet. In this new version of the web, the client becomes more protagonist, allowing greater connectivity between devices and individuals, and giving them greater control over their data and information. The personalization of Internet services is key to understanding what Web 3.0 is. What does the evolution of the network offer? 1. Intelligent searches: Web 3.0 seeks to create a new system for classifying web pages closely linked to the needs and characteristics of users. 2. The evolution of social networks: Social communities on the Web are growing, as are the ways of connecting to these networks both in number and in the level of complexity. 3. More speed: The main telecommunications operators have implemented broadband connections to guarantee a more satisfactory user experience. 4. Connectivity through more devices: Web 3.0 improves the possibilities for users to connect through cell phones, tablets, watches, and more devices. 5. Free content: Free software and ‘Creative Commons licenses are much more common in Web 3.0. Three-dimensional spaces: There will be new ways of visualizing the web, with three-dimensional spaces. 7. Geospatial Web: Users can access information available on the web-based on their geographic location. Ease of navigation: New design trends seek to establish certain standardizations that make the user’s browsing experience easier. Cloud computing: The web becomes an executable space as a universal computer. 10. Data linking More and more information services can aggregate data from other sources to unify the answers they provide to users.

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meta-falls

Meta cuts headcount after poor projection for the future.

Meta announced Wednesday that it will let go 11,000 employees, 13% of its workforce, in the first huge round of mass layoffs in the company’s 18-year history. Mark Zuckerberg was hit pretty hard by the downturn in ad revenue from his multibillion-dollar, and for now ruinous, Metaverse bet. “I want to accept responsibility for this election and how we got here,” the Meta boss has identified. Zuckerberg assumes he was mistaken to offer for granted that trade increase would continue at the pace achieved at the extent of the pandemic, 2 years in which the tech giant’s earnings went through the roof, but the macroeconomic downturn, growing competition, and falling advertisements meant Meta’s earnings are a hell of a lot lower than he assumed. The company contracted 52% in Q3 2022, to $4.395 billion. Those numbers marked the second quarterly drop in earnings in its history. The drop is more than 70% year-to-date and has relegated Zuckerberg to the list of the richest men in the entire world. The idea of the metaverse Investment efforts remain focused on the Metaverse, the virtual world that Zuckerberg believes will interpret the future of the internet. For the time being, it is a sunk investment: some 15 million Quest 2 glasses and Beat Taste, the platform’s most successful video game, have been sold. These figures are still insignificant compared to the tens of millions of millions dedicated to the plan, which have resulted in criticism of the company for allocating many resources to the metaverse when profits were already showing signs of exhaustion months ago. Compensation for those affected The company gives to the dismissed, who will receive all day long correspondence with the information both in the USA and worldwide, a compensation equivalent to 16 weeks of salary, plus 2 extra weeks for all the years in staff, without a ceiling. In addition, it will pay outstanding vacation pay and 6 months of health insurance for employees and their families, among other measures. Employees who were to receive the pay in occupations due the following week will be entitled to it. In his message, Zuckerberg pays particular attention to foreign workers hired by the company in the USA: “I know it’s especially if you’re here on a visa. A bad day for the tech community As of the beginning of the year, well over 50,000 workers in tech organizations were laid off. Other companies that have announced job cuts include Coinbase, Carvana, GoPuff, Better, Invitae, Robinhood, and Shopify, from different segments.

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mattel-NFT

Mattel will launch a new Marketplace for its Hot Wheels NFT collection

The Hot Wheels NFT collection is currently on the WAX blockchain and will move to Flow with the launch of the marketplace. Mattel has announced the launch of a dedicated NFT platform, which is going by the name “Mattel Creations” and will debut with the launch of the fourth version of the Hot Wheels-based non-fungible token collection. Hot Wheels NFT collection is one of the best performings. Hot Wheels’ NFT collection, called Pedal to the Metal has been on the market for a period and is considered to be the best-performing non-fungible token collection on WAX, the blockchain on which the compilation was originally thrown. However, when the collection launches on “Mattel Creations,” the collection will migrate to Flow, the blockchain selected by Mattel for its NFT platform. The launch of the new “Mattel Creations” platform will mark the fourth release of the compilation and, based on the performance of previous releases, is expected to serve as a backup to the platform launch. Mattel’s platform seeks to host new brands The prime candidate for a collection is Barbie, which has had an NFT collection in the past, as part of a tie-up between the toy brand and fashion house Balmain. With the launch of the Hot Wheels collection, the toymaker hit the table ahead of its participants in the digital asset lot. Currently, the Hot Wheels collection is still in the top 3 by sales volume on the WAX blockchain, so the move to its own NFT marketplace may be quite beneficial for the brand.

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the-graph

Is web3 a cryptocurrency?

The concept of Web3 is one that we have already heard a lot these days and that is gaining more and more strength in the world. Although Web3 is not a cryptocurrency, it is something that will be able to boost them. An example of a good integration between Web3 and a cryptocurrency is The Graph (GRT). What is The Graph (GRT)? The Graph is an open source protocol, designed in the spirit of decentralization to collect information from the blockchain without third-party collaboration. With the launch of The Graph’s primordial network, a network of service providers was built where decentralized applications (dApps) have the possibility to operate seamlessly and with the blockchain information easily accessible. How is the market? The Graph had a public marketing and a private marketing, raising $12 million from its public token marketing. The Graph raised $5 million quite a bit more from a private marketing funded by Coinbase Ventures, Digital Currency Group, and Framework Ventures. Data from Cointelegraph Markets Pro and TradingView present that since touching a low of USD 0.34 on January 24, GTR has made several attempts to steadily break above the primary degree of support and resistance at USD 0.48. How does The Graph work? The Graph protocol enables developers and network competitors to use public and open APIs to build subgraphs for a variety of dApps, and to query, index and collect information. The network is supported by the Graph Node and developers and competitors of the network have the possibility to use GRT tokens to pay for the use and construction of subgraphs. In addition, in The Graph network customers consulting subgraphs have the possibility to pay network competitors with GRT tokens through a portal. What makes The Graph network important? The Graph network has been launched as the first blockchain scheme of its kind. As the first decentralized marketplace for querying and indexing information for dApps, The Graph has a unique utility. The Graph is the first decentralized marketplace to address efforts related to building dApps in terms of solving indexing drawbacks and ownership concerns. The growing fame of Web 3.0 The overall purpose of Web 3.0 is to move beyond the current way of the Internet, in which the vast majority of data and content remains controlled by huge technology organizations, to a more decentralized realm in which public data is more freely available and individual data is controlled by individuals.

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FTX-amazon

Amazon Studios, Apple and Netflix are fighting for the movie rights to FTX and SBF

Amazon Studios, Apple, and Netflix are competing to see who will get the film and TV rights to Michael Lewis’ book about the FTX collapse. U.S. creator and financial journalist Michael Lewis are working on a book covering everything about the FTX collapse. This is because Lewis has spent time with Sam Bankman-Fried, he has been able to keep up with everything from the height of its popularity to its downfall. Lewis rose to popularity for writing books like Big Short, The Blind Side, and Moneyball. Once the entertainment industry got wind that Lewis was doing work on this book, they swooped in to get the rights. On the plus side, it will also provide insight into FTX’s internal performance, because Lewis has been in close contact with former CEO Bankman-Fried. Apple may be close to closing the deal There will undoubtedly be enormous interest in Lewis’ book following its publication as there is precedent for tapes and TV shows based on notorious incidents in the tech industry. From WeCrashed to Super Pumped: The Battle for Uber. Already Hollywood has shown interest in covering the worst tech developments, so a great opportunity can be found here. SBF bought real estate for costs in the hundreds of millions of dollars. Reuters reported that Bankman-Fried, his dads, and executives bought 19 real estate properties for a cost of almost $121 million in the Bahamas. The Wall Street Journal additionally reported that Bankman-Fried cashed out $300 million in an earlier October 2021 funding round. At that instant, the exchange raised $420 million. Conclusion: Cryptocurrencies are a field that has already drawn a lot of attention, this year alone there have already been several companies that have suffered a collapse of some sort that has caused the market to crash.  But none has been so full of a plot twist as what is happening with FTX, so seeing a story on the small screen can draw attention and cause popularity back to cryptocurrencies, plus it will help people understand how this world works and that a company’s actions can move the market.

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web3andmetaverse

Are Web 3.0 and metaverse the same thing?

Lately in the world of cryptocurrencies and the internet of things we have heard concepts such as the metaverse and Web3. These concepts are still in development and both promise monumental changes to what we know as the internet as a large part of their integration is blockchain technology. Although both concepts may come together in many articles or commentaries, especially those dealing with cryptocurrencies, it is inescapable to equate metaverse and Web3 because of their differences in criteria. Metaverse and Web3, the internet of the future In common, metaverse and Web3 employ technologies concerning the blockchain and both have faithful believers that they are the direct future of what the internet is in our daily lives. The metaverse is practically a network of virtual universes in 3 magnitudes, a sort of social network that bet on immersive experiences due to technologies such as virtual reality. The most common at present is gaming and entertainment, but in the medium term, activities focused on teaching, massive virtual events such as concerts or movie previews, etc., could be carried out. For its part, Web3 aims to be an evolution of the current World Wide Web by integrating decentralized protocols through blockchain so that the user has more privacy. The differences between Web3 and the metaverse If the difference between these two titans of the new Internet can be summarized in a short sentence, it is that both are based on the use of blockchain but seek different ends. In the metaverse, the blockchain is used to detect the customer and/or to make purchases or acquire tokens or cryptocurrencies and at a technical level, the Web3 is based on the blockchain 100%, looking for a decentralized and democratic life. Two proposals united by the blockchain The metaverse wants to erase the physical restrictions of virtual space for use in video games, social events, work, health, and so on. For its part, Web3 wants to empower the Internet customer and make the Web more accessible and less dependent on corporate giants. But undoubtedly what most defines the interrelationship between Web3 and the metaverse is the use of cryptocurrencies, tokens, and NFTs, and, finally, crypto-wallets.

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web3-integration

Examples of Web3

Web 2.0 and Web 3.0 refer to continuous iterations of the web, compared to the original Web 1.0 of the 1990s and early 2000s. Web 3.0 examples. Web 3.0 applications Referring to the crypto world, these are the applications that are promised to arrive and will be made available to everyone on this web. 1. Blockchain The blockchain is a record of transactions. Every time a new “block” of transactions is added to the chain, the copies in the database must be matched and modified. It can be used for any application to keep a record of transactions, however, most individuals associate it with cryptocurrencies, which we will address next. 2. Cryptocurrency Cryptocurrency (also successful as “crypto”) is a decentralized digital cash that is not controlled by any regime or central authority such as a bank. The supply of cryptocurrency is augmented by “mining”, which gives computational power to realize the blockchain in exchange for new currency. 3. The Metaverse In the Metaverse, your digital resources mingle with the natural planet and interact with the web in a much more “physical” way. It is a bit like the virtual planet of Ready Player One or any game of this era. Non-fungible tokens (NFT) NFTs are another cornerstone of Web 3.0. NFTs are essentially a form of cryptography, however, each NFT is unique and cannot be modified by another. NFTs are tied to digital or physical assets in the same way that a paper title to a home represents ownership. 5. Smart contracts A smart contract is only as good as the terms and logic in it, however accepting that the contract is fair, then a smart contract is going to be made to perform fairly.

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Ronaldo-and-binance

Cristiano Ronaldo launches first NFT collection with Binance

Cristiano Ronaldo’s first NFT collection is now available as of November 18 as part of a unique multi-year engagement with Binance, the Blockchain ecosystem and chief cryptocurrency infrastructure distributor worldwide. A collection that seeks to integrate The launch is aided by a worldwide marketing campaign played by Ronaldo, which aims to get his admirers into Web3 using the entire NFT world. Binance commented as follows: “It’s an honor to work with Cristiano to help more people understand blockchains and teach how we are creating the Web3 infrastructure for the sports and entertainment arena.” Ronaldo said, “For me, it was fundamental to generate something unforgettable and exclusive for my fans because they are a pretty fundamental section of my triumph. With Binance, I have been able to do something that not only captures the passion of the game but rewards the fans for every year they have supported me.” Cristiano Ronaldo’s inaugural NFT collection launched on November 18 It comes with seven animated statues with four rarity levels: Each NFT statue depicts Ronaldo at an iconic moment in his life, from his spectacular bicycle kicks to his childhood in Portugal. The 45 highest value CR7 NFTs (5 SSRs and 40 SRs) were auctioned on Binance’s NFT marketplace and bid prices started at 10,000 BUSD for the SSRs and 1,700 BUSD for the SRs. The remaining 6,600 NFTs (600 R and 6000 N) are offered on Binance Launchpad starting at 77 BUSD for the normal rarity level. What benefits will come with the NFTs? Each rarity level will have exclusive perks, such as: In addition, new users who register on Binance.com and complete account verification or KYC will receive a Cristiano Ronaldo mystery box which can integrate a scaled-down Ronaldo NFT. Future Cristiano Ronaldo NFT collection sets will be accessible in early 2023.

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web3

What is the Web3?

The evolution of web 2.0 brings the promise of decentralization, blockchain technology, and transforming users into owners. Web3 interacts with the evolution of the internet as we know it, and its main characteristic is that it will be a decentralized internet using blockchain technology. The open web Web3 is defined as open, where the cost goes much more to the creators and users and not both to the companies. Fernando Tricas is a computer science teacher at the University of Zaragoza, and defines himself as an “agnostic” on the subject, mostly because he considers that the web3 seems more theoretical than a reality for now. Semantic Web. Web3 or Web 3.0 The name web3.js is a collection of modules to interact with Ethereum nodes through different protocols that would allow interaction with the Ethereum blockchain and this would link, in a certain way, the web3 with Ethereum. He named it the Semantic Web, which aimed at increasing information on the web with the intention that not only individuals could already read its contents but also machines. In naming web3 they decided to disregard this part of web storytelling or the form of computing, making a new branch differentiating it from the previous web 3.0. In the end, web3 could be taken into account as a subset of crypto or a rebranding since in the end what web3 seeks is to be transparent, private, capitalistic, or democratic. Wallets in Web3 Identity is going to be tied to the wallet or digital wallet of the customer participating in it, as digital wallets are entirely anonymous unless the customer chooses to publicly link them to their identity. Since web3 promises to be a model where you must have, you must own tokens or digital assets to participate. What will web3 decentralization look like? There is no server initiative in blockchain-based decentralized networks: each node can store and disseminate content. Web3, therefore, has a model with provider freedom. Because the blockchain cannot be censored, the decentralized composition of such blockchain nodes allows the network to have fewer vulnerabilities. Freedom on the web3 It is conceivable that replication models or larger amounts of content could appear on the blockchain. But censorship or prohibition of certain content becomes much more difficult, because of the blockchain’s characteristics. Conclusion This new website promises a new and complete integration with digital assets and blockchain technology, hopefully, this will mesh well and more people will have access to the new website3.

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