Sophia, the AI-powered humanoid robot by Hanson Robotics, recently sold an NFT (non-fungible token) portrait for $688,888 USD. For those new to NFTs, it’s basically a unit of data on a digital ledger called a blockchain, where each one represent a unique digital item, thus making them unique. Access to the original file, tracked on their underlying blockchains, is restricted to the owner of the token, while only the digital files themselves are reproducible. Read more for a video and additional information.
Is it possible to sell rare versions of digital art for a decent amount? After today, the answer would be a resounding yes. Chris Torres sold his Nyan Cat art, or to be more specific, a unique cryptographic hash of it, for 300.00 ETH (about $569,427 USD currently) in a blockchain-powered NFT auction. This was the artist’s first experiment with nonfungible tokens (NFTs), a type of digital asset that are both scarce and uniquely identifiable. Read more for a video explaining NFTs and additional information.
Many are aware of the semiconductor chip shortage right now, and the cryptocurrency boom has only made things worse. So, NVIDIA decided to ensure that their graphics cards are getting in the hands of gamers rather than miners. In addition to the new CMP (Cryptocurrency Mining Processor) cards, the latest RTX 3060 software drivers are designed to detect specific attributes of the Ethereum cryptocurrency mining algorithm, and then will limit the hash rate, or cryptocurrency mining efficiency, by around 50 percent. Read more for additional information.
According to an SEC filing, Tesla invested $1.5-billion in bitcoin and Elon Musk could start accepting the cryptocurrency as payment. This news caused the price of Bitcoin to soar to above $44,000 Monday, thus giving Tesla more flexibility to further diversify and maximize returns on its cash. The company reported its first annual net profit in 2020, and is now the world’s most valuable automaker, thanks to its S&P 500 inclusion. Read more for a video and additional information.
San Francisco-based software developer Stefan Thomas happened to be an early adopter of bitcoin, since he was gifted 7,200 coins back in 2011 when he produced an animated video explaining how the cryptocurrency works. Unfortunately, during that same year, he lost the password to an IronKey USB drive that doubles as the cold digital wallet for his bitcoins. As of today, he has only two guesses left to gain access to the over $255-million USD worth of digital currency he has locked away. Read more for a video interview and additional information.
Facebook announced today the details of its cryptocurrency project: a financial services offering called Calibra. This “newly formed Facebook subsidiary” is launching in 2020 and will be a digital wallet to store and send Libra, a new cryptocurrency. It will initially be integrated directly into WhatsApp and Facebook Messenger, before eventually branching out as a standalone app for iOS and Android. Calibra will let its users send Libra to each other “as easily and instantly as you might send a text message, and at low to no cost.” The company hopes “to offer additional services for people and businesses, such as paying bills with the push of a button, buying a cup of coffee with the scan of a code, or riding your local public transit without needing to carry cash or a metro pass.” Read more for a video of the wallet in-action and additional information.
Cameron and Tyler Winklevoss, better known as the Winkelvoss twins, may not have been given an ownership stake inn Facebook, but they became billionaires anyways. For those who don’t know, they officially launched ConnectU, a social networking website, on May 21, 2004, and users could add people as friends, send them messages, and update their personal profiles to notify friends about themselves. They were also placed in networks based upon the domain name associated with the email address they used for registration. As you already know, that didn’t quite work out. Read more for a recent interview on their journey.
For the 2019 Evolo Skyscraper Competition, one team of designers submitted “Crypto-Park,” which is exactly as it sounds, a water park sksycraper that doubles as a cryptocurrency mining tower. Standing 1,837-feet tall, it boasts a semi-exposed glazed façades that enables spectators to look in and see a theme park, while hidden beneath this infrastructure is a high-tech server farm designed to mine cryptocurrencies. Read more for additional pictures and information.
Photo credit: The Fabricant
We have seen the future of fashion, and it’s digital. The Fabricant, Dapper Labs and artist Johanna Jaskowska teamed up to create a digital dress, called Iridescence, that recently sold for $9,500 on the blockchain. Unlike in-game costumes and other video game items, this digital couture will be custom tailored based on a photo you submit, and since it’s a blockchain asset, its value may actually increase, like cryptocurrency. Read more for a video and additional information.
Unlike other cryptocurrency, Burstcoin (also called Burst) is a digital cryptocurrency and payment system based on the blockchain technology that are mined using an algorithm called proof-of-capacity (PoC) in which miners use computer storage instead of the more common energy-expensive method proof-of-work (PoW) which involves permanent computational operations. The main difference between Proof of Work and Burst’s Proof of Capacity is that instead of needing ever more expensive, power hungry processors and graphic cards, it uses inexpensive, low-power hard drives. Plus, Proof of Capacity is inherently more secure, and trimmed versions of the blockchain are easier and more secure as well. The energy requirement for Burstcoin mining is minimal compared to most other cryptocurrencies, making Burstcoin one of the most energy efficient within the field of proof-based cryptocurrencies. Click here to view the first image in today’s viral picture gallery. Continue reading for the five most popular viral videos today, including one of some insane boomerang trick shots.