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NFTs, Web3, and the metaverse are changing the way scientists conduct research
To democratize science through decentralized science would allow for a new kind of interface layer for a modern Scientific Revolution.
Scientists can leverage blockchain tools, such as smart contracts and tokens, to improve collaboration in scientific endeavors between different stakeholders. This so-called decentralized science movement, or DeSci for short, combines blockchain and Web3 technologies to improve scientific research.
A primary goal of DeSci is wider participation and funding when approaching scientific challenges, as well as democratizing the peer-to-peer review process, which is dominated by a few journals in which it can be costly to appear and combatting censorship. DeSci can also create standards for research storage with the proof of existing technology. Whereas on financial blockchains such as Bitcoin, transactions are verified by a network of miners, research could also be verified by participants in a blockchain network of scientists, etc.
Decentralization of science: Blockchain-based peer review ecosystems can be transparent, and they can lend credibility to research contributed by even pseudonymous participants. Scientists might, for instance, receive a stake or “reward” for participating, incentivizing a wider community to contribute. Read More
NFTs Have a Problem With Copyright Theft
Stolen art, stolen ideas, and breaches of copyright still blight the NFT space. What can be done?
People considering forking out for an NFT have to ask themselves a number of questions. Do they like the art they’re buying? Does the project’s purpose align with their beliefs? Do they believe that the investment is a sound one, likely to generate a return for them in the long run?
Another question that prospective investors may not have thought they need to ask, but increasingly have to, is more fundamental: Does the person selling this NFT have the rights to the image?
Copyright and intellectual property theft have blighted the NFT space as it starts to grow, with major reputational risks for the future of the industry. And it’s one that needs to be solved if NFTs are to reach their true potential.
“The intention of a lot of people operating in the NFT space is to get rich,” said Andres Guadamuz, a reader in intellectual property law at the University of Sussex. “I would say that the true artists operating in this space are few and far between.” Guadamuz estimates that 90% of the art on NFTs he sees is derivative or repetitive. “A lot of it is not very good,” he said. And plenty of it is stolen. Read More
Chinese Messaging App Wechat Reportedly Suspends Accounts Linked to NFTs
Wechat, the Chinese messaging app, has reportedly suspended accounts that are linked to non-fungible tokens (NFTs). The objective of the crackdown is to stop the use of the affected accounts in promoting NFTs.
The Widening Crackdown on Digital Assets:
The Chinese messaging app Wechat recently acknowledged it had suspended some accounts which are said to be linked to non-fungible tokens (NFTs). The suspension of the accounts, according to a BBC report, is aimed at stopping such blacklisted accounts from engaging in NFT market promotional activities that help to drive up prices.
The targeting of NFT-promoting accounts by Wechat appears to suggest that China, which currently does not have specific regulations against NFTs, is widening its crackdown on digital assets that began in 2021. Read More
RChain: 3 Lessons Web 3.0 Can’t Afford to Ignore
There’s a tendency in the tech world to toss out old tech and go all-in on a new replacement. “Oh, don’t use that. That’s the old thing! Use the new thing instead.” This advice is best suited to those who adapt quickly to technological change—in other words: a small percentage of humanity.
Jumping quickly to ‘the new thing’ may come with harmful second or third-order consequences for most people; this is especially true for energy-hungry technologies like cryptocurrencies that adversely affect our planet.
These technologies haven’t even reached a global scale yet, so humankind may only be seeing the beginning of what’s to come.
Despite the potential or actual costs of adoption, today’s technology innovators are racing toward revolutionary new ideas, like decentralization, scalable architectures, self-sovereign data, NFTs, and blockchains. RChain wholeheartedly and enthusiastically rejoices at the global excitement for these technological changes, and they are core to what Rchain is building.
But new tech needs to make life better for its users, especially when considering billions of users. One particular blind spot for innovators appears to be Web 3.0, the next evolution of the world wide web. Read More
We have a lot to be grateful for within Markethive. It’s like stepping out of the rat race into an oasis of humanity at its best. As an inbound marketing, business-based blockchain platform with an inherent entrepreneurial spirit, we have all the tools to get our message out to the whole world. We have a social media interface with a collaborative ethos rarely experienced on legacy social media.
We are starting to see new integrations in the blogging section in preparation for the customized, more intuitive interface and dashboard of Markethive and, of course, the Markethive Wallet that will facilitate the Merchant accounts for members as well as personal transactions, the Vault, etc.
The new-look Blogcasting Hub is located at the top of all blogs in the system. Blogcasting is a term introduced by Markethive and is an enhanced broadcasting system. In the traditional broadcasting sense, only the people who physically subscribe to your blog or newsletter are usually notified of your updates via email.
With this blogcasting system, your social networks are informed of your blog as and when you publish them. What this means is the potential reach is into the millions. Read More
UK Government Lays Out Plans to Become ‘Crypto Asset Technology Hub’
To mark the government’s pro-crypto approach, the UK’s Chancellor of the Exchequer has also asked the Royal Mint to create an NFT.
Today, the United Kingdom announced plans to become a “global crypto-asset technology hub.”
“It’s my ambition to make the UK a global hub for crypto asset technology, and the measures we’ve outlined today will help to ensure firms can invest, innovate and scale up in this country,” the UK’s Chancellor of the Exchequer Rishi Sunak said in a prepared statement.
These moves include stablecoins being “brought within regulation” so as to have them used “in the UK as a recognized form of payment.”
Additional measures include the government working with the Royal Mint—which produces the UK’s coins—to establish an NFT that will act as an “emblem” of the “forward-looking approach” the government intends to take. Read More
Intel launches new Bitcoin mining chip Blockscale
The company indicated that the device is designed, in part, for energy-efficient blockchain hashing.
On Monday, semiconductor manufacturing titan Intel unveiled its new Bitcoin (BTC) mining chip, Blockscale. The application-specific integrated circuit, or ASIC, hardware is designed to operate on proof-of-work blockchains using SHA-256 encryption.
Intel says it will start shipping Blockscale during the third quarter of 2022. Argo Blockchain, Block, Hive Blockchain Technologies, and GRIID Infrastructure will be among the first companies to develop new systems based on the firm's ASIC. Regarding the development, Jose Rios, general manager of blockchain and business solutions in the accelerated computing systems and graphics group at Intel, commented:
"We are proud to collaborate with and provide solutions to companies that are creating a more sustainable cryptocurrency ecosystem globally. The Intel Blockscale ASIC will play a major role in helping Bitcoin mining companies achieve both sustainability and hash rate scaling objectives in the years ahead." Read More
Coincheck Labs, Which Supports Startups Related to Crypto Assets and NFTs That Will Lead the Age of Web3, Has Been Launched
Coincheck, Inc. is a cryptocurrency exchange in Japan that offers Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and many more—it launched “Coincheck Labs”, a program to support startups that will lead the Web 3.0 era on January 28. Coincheck will make the first investment in this program to Stake Technologies Pte. Ltd., which is involved in the Astar Network, a Japanese public blockchain.
Currently, “Web 3.0”, the decentralized digital age based on blockchain, is a worldwide movement, and investment in startups driving Web 3.0, including those related to crypto-assets and NFT, is accelerating. On the other hand, in Japan, crypto assets and NFTs fields lack clear accounting and legal rules. The level of expertise required to start a business is considered high, resulting in a shortage of entrepreneurs compared to other countries. Under such circumstances, Coincheck will share its experience and know-how in the development and operation of the crypto asset trading service “Coincheck” and the NFT marketplace “Coincheck NFT (beta version)” through “Coincheck Labs,” thereby contributing to the development of the “Web 3.0” movement. Coincheck would like to support startups related to crypto-assets and NFT. Read More
The Next Generation Of Blockchain Games Can Take A Few Pages Out of Cryptopia’s Book
A long-term developer vision combined with no upfront investment requirements is an excellent place to start. Cryptopia wants to highlight those aspects and more through its blockchain gaming venture.
Despite the growing popularity of play-to-earn gaming, most projects have one crucial flaw in common. They all require players to either make an upfront investment or hold their rewards for long periods in the hopes of prices going up. While that is a sensible economic model, it also prevents the mainstream from embracing these projects from day one. Instead, most play-to-earn games only cater to existing crypto users rather than those looking to venture into the world of cryptocurrency through blockchain gaming.
Cryptopia takes a different approach. It is one of the few games merging free-to-play and play-to-earn mechanics. That is nothing new, yet the games providing this option often lack content or user retention. Cryptopia provides multiple game modes for players to earn rewards and monetize in-game resources to counter those issues. Becoming an Adventurer or a Tycoon – or a hybrid of the two – as the player defines how they want to approach this virtual world.
Blockchain gaming is the embodiment of decentralization through a distributed ledger. Unlike server-based games, blockchain-based projects remain free from censorship, government intervention, or third parties controlling the gaming world. Instead, all players get to participate in voting and governance, with a direct line of communication between games and developers in Cryptopia. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
