Pectra is live on Ethereum mainnet!
- Smart account wallet UX features now active
- L2 scaling data storage blobs increased by 2x
- Validator UX improvements live
Community members will continue to monitor for any issues over the next 24 hours.
0/ the biggest ethereum upgrade since the merge is coming.
and this time, you’ll feel it.
it’s called pectra and here’s why it matters
a guest thread by @binji_x ↓
Microsoft has identified a new security threat, StilachiRAT, which targets 20+ crypto wallets via Google Chrome browser extensions on PCs.
StilachiRAT can steal private keys and credentials by monitoring your clipboard and browser-stored data.
While this threat does not appear to be widespread, here’s how to protect yourself 👇
Penguins and eligible parties can claim their $PENGU now.
The claim page will remain live for 88 days and the unclaimed PENGU will be functionally locked in the smart contract, forever.
Claim here: https://t.co/EADJ17nCOS
Michael Smith, a musician from North Carolina, was indicted for a fraud scheme that generated more than $10 million in royalties by using AI-generated songs and bots. Between 2017 and 2024, Smith uploaded hundreds of thousands of AI-produced songs to streaming platforms like Spotify, Apple Music, and YouTube Music. He used more than 1,000 bot accounts to inflate stream counts, disguising his activities with VPNs. At the peak of the scheme, Smith’s bots generated more than 4 billion fake streams, collecting millions in fraudulent royalties before his arrest. He’s facing three charges: wire fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. Each of these charges carries a maximum penalty of 20 years in prison, meaning that if convicted on all counts, he could face up to 60 years behind bars.
Just to clarify: Smith created the songs with AI, which are not protectable by copyright and therefore not eligible for royalty payments. He created a massive listening farm – bots that listened to billions of streams – and collected more than $10 million in illegal royalties.
To tell you the truth, I’m very impressed with the tech stack he built to do this. Here’s the thing: he got caught. Viewability and fraud have been omnipresent for years. There are thousands of bot farms busy visiting websites, watching videos, and cranking up view counts and clicks all over the place. AI tools make building these fraudulent ecosystems much, much easier. Soon, it will be as easy as using ChatGPT. Then what? -s
Meta and Google are reportedly offering tens of millions of dollars to Hollywood studios for AI licensing deals. Disco Bros is thinking about it, while the House of Mouse and Netflix… not so much. Meta and Google have no official comments.
In yesterday’s post about the OpenAI/NewsCorp licensing deal, I mentioned that OpenAI had done a similar deal with Reddit just a week before. I went on to say: one is an anomaly, two is a coincidence, three is a trend, and four is a business model. Hundreds of you called me out on the fact that DDM did a similar deal earlier in the month; obviously, it’s already a “trend.” Looking across the landscape of media companies and AI companies who are courting each other, I think we’re safe declaring that this is an emerging new business model. But… should it be?
Hollywood (and the traditional media business writ large) should remember how well licensing all of their content to Netflix worked out for them. They made windfall profits for a few years while training an audience to go find content on a competitive (more technologically sophisticated) branded distribution channel. The rest, as they say, is history. For today’s cliché, we remember George Santayana’s famous quote: “Those who cannot remember the past are condemned to repeat it.” -s
#meta #google #netflix #disney #WarnerBros #hollywood #ai
$GM token accrues value from economic activities within the gmAI ecosystem.
gmID are life-time entrance passes to native gmAI products & on-chain NFT badges of early stakeholders that partnered projects can easily target and reward accordingly.
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🚨 II GIVEAWAY ALERT II 🚨
Mint your OG NFTs (0.03 ETH) and enter our AJ1 Lost & Found raffle 👟
🏆 Prize:
1x Air Jordan 1 High OG Chicago Lost and Found
ℹ️ All info in our Discord:
https://t.co/kjeHzwM9e3
📅 1 WEEK TO ENTER
Winner announced on Friday, 2 June 2023
#giveaway
Who's joining our upcoming giveaway (for 3x OG NFT holders only)?🔥
Prize 🏆
1x @sneakerheadsoff NFT
Wanna join the raffle?
➡️ Mint your OG NFT's here:
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PS. Next week we're giving away a pair of AJ1 High Chicago Lost & Found's (for 3x OG NFT holders...)
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