Web3_LawCenter

Official Twitter account for Web3LawCenter. Follow us for current news and insights on Web 3.0 law-related information.

[Web3_LawCenter @Web3_LawCenter]

#Mastercard is starting a pilot program to explore tokenized bank deposits through their Multi-Token Network (MTN). The company plans to start with testing #tokenized bank deposits and subsequently conduct experiments involving #stablecoins and central bank digital currencies.

[Web3_LawCenter @Web3_LawCenter]

Dior has revealed their upcoming collection of men's sneakers designed by Dior Menswear artistic director Kim Jones as part of the fashion house’s Men’s Fall 2023 collection. The collection will feature "digital twins" on #Ethereum and an authentication system based on NFC chips.

[Web3_LawCenter @Web3_LawCenter]

Horizen, a prominent blockchain platform recognized for its foundational layer, has chosen to disassociate itself from the classification of a privacy coin due to increasing regulatory scrutiny worldwide. Read more: https://t.co/XNV2N8BTbO

[Web3_LawCenter @Web3_LawCenter]

The crypto company that backs the Avalanche blockchain, Ava Labs, just launched Avalanche Arcad3, a cooperative initiative designed to assist traditional game developers in exploring the integration of #blockchain technology into their games. Read more: https://t.co/pSw7VOGMOD

[Web3_LawCenter @Web3_LawCenter]

#Coinbase was sued by the SEC, accused of operating as an unregistered broker. The #lawsuit came a day after the SEC filed a similar complaint against #Binance, which makes the allegations seem unjustified as both companies are singled out for their large scale and reputation.

[Web3_LawCenter @Web3_LawCenter]

New collaboration between EA Sports and Nike Virtual Studios incoming! They aim to incorporate Nike's #NFTs into upcoming EA Sports games by featuring specific virtual creations from .SWOOSH, allowing members and players to enjoy customization options in games such as "Madden".

[Web3_LawCenter @Web3_LawCenter]

Mark Zuckerberg just announced a new virtual and mixed-reality headset that features higher resolution, stronger performance, breakthrough Meta Reality technology, and a slimmer, more comfortable form factor: "Meta Quest 3". This new technology will launch this fall. Be prepared!

[Web3_LawCenter @Web3_LawCenter]

A lensless camera? Did we hear that right? Indeed! "Paragraphica" uses location data and various AI tools to visualize a 'photo' of a specific place and moment. The camera exists as a physical prototype and a virtual camera that you can try. Read more: https://t.co/TaaNoWtf9g

[Web3_LawCenter @Web3_LawCenter]

Three key players in the Bitcoin #NFT ecosystem have rolled out the BRC-721E token standard, a feature that allows traders to move their ERC-721 tokens (a standard that enables ownership of Ethereum-based NFTs) to the #Bitcoin network. Read more: https://t.co/K22iwwRXAu

[Web3_LawCenter @Web3_LawCenter]

#OpenAI has just recently launched its ad-free mobile app for iOS users and now made it available in 11 more countries! Lucky for Android users, the company has also promised to launch an Android app soon. Read more about it here: https://t.co/67aksckkSm

[Web3_LawCenter @Web3_LawCenter]

On April 23, digital artist Rhett Mankind tweeted about how he gave ChatGPT instructions and a budget of $69 to create a #memecoin, "Turbo". The successful launch has attracted interest from several crypto influencers, further generating interest in the meme coin.

[Web3_LawCenter @Web3_LawCenter]

A fake image of an explosion at the Pentagon went viral when the U.S. #StockMarket opened for trading causing the market to dump $500B. Misinformation experts say the fake image was likely created using AI which has recently allowed increasingly realistic misleading visuals.

[Web3_LawCenter @Web3_LawCenter]

Niels Christiansen, LEGO Group's CEO, hinted the upcoming official announcement of a partnership with Epic Games👾, the creators of the popular game Fortnite, to explore the #Metaverse and "create a safe digital environment for children". Read more: https://t.co/qrCadjZ4vn

[Web3_LawCenter @Web3_LawCenter]

#Barbie and #BossBeauties have announced a joint NFT project aimed at bringing more women into the #Web3 space. The project will officially launch via Flow on May 18 for $25 per pack and comes with a $250k donation to the Barbie Dream Gap Project and the Boss Beauties Foundation.

[Web3_LawCenter @Web3_LawCenter]

LG Electronics filed a patent application for its blockchain-based smart TV, which allows users to trade #NFTs. The next steps include substantive examination, plus the granting or refusing legal protection to the invention. Read more: https://t.co/cJhObjU7k3

[Web3_LawCenter @Web3_LawCenter]

Researchers at #Meta have developed a new AI model, ImageBind, designed to enable AI to perceive and interpret multisensory data to produce more accurate results. It has the potential to revolutionize the field by enabling machines to understand the world in more human-like ways.

[Web3_LawCenter @Web3_LawCenter]

Microsoft unveiled a new version of its search engine Bing that uses an improved version of the same AI technology used by the #ChatGPT chatbot. The company assures that the two will offer a novel web browsing and information-seeking experience. Read more: https://t.co/xy0nRoxr9g

[Web3_LawCenter @Web3_LawCenter]

"Racing Shoes", Renault's second #NFTcollection is scheduled to be released on May 17! It's said to include artwork and physical sneakers👟 backed by #NFT certificates. Community members will be able to access the drop on May 15. Read more about it here: https://t.co/PNA2UgJtEB

[Web3_LawCenter @Web3_LawCenter]

#Samsung is temporarily restricting the use of generative AI, banning the use of these #AItools on Samsung-owned computers, tablets/phones, as well as on its internal networks. Employees who don't comply risk disciplinary action up to and including termination of employment.😅

[Web3_LawCenter @Web3_LawCenter]

A sudden dropoff in the #NFTmarket becomes a cause for concern among investors and #NFT enthusiasts as they are experiencing a significant decline in unique buyers and sellers in just one week with the number of wallets holding #NFTs on all platforms dropping to less than 10k.