Connect with us

Crypto News

“Floor’s Falling Fast: GQ Magazine’s NFT Drop Flops – Decrypt”

Published

on

GQ is the latest legacy print magazine to make moves in Web3 with the launch of its GQ3 community and the associated Ethereum NFT drop. The mint offered 1,661 NFT access passes for 0.1957 ETH apiece, but only 1,060 were sold. To reward buyers, GQ is randomly airdropping half of the remaining supply to existing holders and keeping the rest for community and promotion. To herald the launch of its GQ3 initiative, the Condé Nast-owned publication released an NFT-themed print issue and a Discord server. Each GQ3 NFT comes with various upcoming benefits, such as a one-year print magazine subscription and digital access, a GQ hat, priority access for future NFT drops, and access to GQ3 parties. Secondary market prices for the NFTs have been falling sharply, and GQ is far from the first brand to fall short with its NFT drop. This is not the first time a curtailed supply has boosted demand, as seen in Porsche’s NFT drop.

This news shows that GQ is trying to reward buyers of its NFT drop by randomly airdropping half of the remaining supply to existing holders. This is a sign of good customer service, as buyers are guaranteed additional potential value when an NFT launch does not result in enough sales. This is good news for NFT buyers, as it shows that GQ is committed to its GQ3 initiative for the long-term. #GQ3 #NFT #Web3 #Ethereum

You can read more about this topic here: Decrypt: GQ Magazine NFT Drop Flops—And the Floor Is Falling Fast

The post “Floor’s Falling Fast: GQ Magazine’s NFT Drop Flops – Decrypt” first appeared on Byte Syze Crypto.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto News

Deepfake Dilemma: The Alarming Spread of AI-Generated Intimate Content

Published

on

By

Ever felt like we’re skimming across the surface of a digital lake, unaware of the profound depths beneath? Well, it turns out the waters are getting murkier, especially in the realm of deepfakes. A stark report by Graphika has surfaced, revealing a troubling surge in ‘AI undressing’ – the act of stripping away clothing from images with a few clicks and a dash of AI.

This isn’t just a fleeting concern; it’s a full-blown crisis ballooning out of control. The case of Twitch streamer Atrioc, who inadvertently exposed his consumption of deepfake content involving friends, was merely a glimpse of a much darker picture. Graphika’s figures are jaw-dropping: over 32,000 instances of non-consensual intimate imagery (NCII) referenced online this year, a 2,408% increase from 2022.

What used to be hidden in the murky corners of the internet has now become a nefarious cottage industry. These AI tools don’t just threaten to fabricate adult content; they open the floodgates to harassment, extortion, and the unspeakable – child sexual abuse material.

The response? Legal battles by high-profile figures like Scarlett Johansson aim to stem the tide, but for many, particularly in the adult industry, their plight remains unheard. And with AI’s relentless march forward, distinguishing between the real and the artificial becomes a herculean task for law enforcement.

There’s a glimmer of hope, though. Individuals like Atrioc are taking steps to rectify past mistakes, assisting those affected. But it’s a small beacon in the vast, stormy ocean of deepfake content, which threatens to ‘overwhelm’ the internet, as the Internet Watch Foundation warns.

So, as we tread these digital waters, let’s be mindful of the unseen currents beneath, shaping an internet that’s becoming increasingly difficult to navigate with confidence.

#DeepfakeAlert #AIEthics #OnlineSafety #CyberSecurity

The post Deepfake Dilemma: The Alarming Spread of AI-Generated Intimate Content first appeared on Byte Syze Crypto.

Continue Reading

Crypto News

Solana’s Soaring Success: A Tale of NFTs Outshining Ethereum and Meme Coins Breaking Records

Published

on

By

Ever found yourself wondering if the crypto rollercoaster ever slows down? Well, for Solana, it’s full steam ahead, with SOL and BONK leading a charge that’s turning heads and wallets in the crypto realm.

Solana’s native coin, SOL, hit a triumphant 19-month high early Friday, touching $73.85 and marking a substantial recovery from its late 2022 lows. As of the latest check, it’s sitting pretty at just over $73, up 13% in 24 hours, according to CoinGecko.

Not to be outdone, Solana’s meme coin sweetheart BONK is on an astronomical ascent, reaching a new zenith of $0.00001314. The price may have slightly dipped since, but with a 24% increase in a day and a 982% surge in a month, it’s clear that BONK is having its moment.

But there’s more—Solana is also stealing the spotlight in the NFT marketplace. With trading volumes soaring above Ethereum’s, projects like Mad Lads and Tensorians are seeing their prices multiply. In just 24 hours, Solana NFTs notched up $14.8 million in trades, edging out Ethereum’s $13.9 million.

So what’s fuelling this frenzy? A combination of factors, including the Jito airdrop’s $225 million value and a 92% increase in trading volume, are propelling Solana to the forefront of the crypto conversation.

It’s a narrative of resilience, innovation, and perhaps a dash of that old crypto magic—proving again that in this digital Wild West, fortunes can turn on a dime.

#SolanaSurge #CryptoNews #NFTBoom #BONKcoin

The post Solana’s Soaring Success: A Tale of NFTs Outshining Ethereum and Meme Coins Breaking Records first appeared on Byte Syze Crypto.

Continue Reading

Crypto News

AI Hype vs Reality: A Sobering Perspective from Industry Leaders

Published

on

By

Ever felt like you’re watching a rerun in the world of tech trends? The latest episode in this saga is all about artificial intelligence (AI), with 2023 witnessing an explosion in AI chatter and applications that promise to either revolutionise our lives or spell doom for humanity. But as the AI narrative dominates headlines, there’s a voice of moderation cutting through the noise.

OpenAI’s COO, Brad Lightcap, recently expressed a thought-provoking stance in a CNBC interview. His view? The transformative business impact of AI is overhyped. CEOs won’t find a magic AI wand to skyrocket revenues or slash costs overnight. Yann LeCun of Meta concurs, likening present-day AI to a pet’s intelligence. Even regulators, like CFTC’s Christy Goldsmith Romero, urge a balanced approach to AI, warning against overreliance on AI models in financial markets.

While some tout AI as an economic game-changer, others fear its existential threats. The reality, according to industry experts like Lightcap, is more grounded. AI won’t replace real work and creativity; it’s a tool to augment human capabilities, perhaps best seen as a digital sidekick or research assistant. It’s an incremental journey towards artificial general intelligence (AGI), not a business revolution.

For crypto enthusiasts and professionals dipping their toes into AI, it’s a reminder to temper expectations with practical insights. As we navigate the AI narrative, it’s crucial to discern the hype from the helpful and to understand AI’s role in enhancing, not substituting, the human touch in innovation.

#AI #ArtificialIntelligence #TechTrends #Crypto

The post AI Hype vs Reality: A Sobering Perspective from Industry Leaders first appeared on Byte Syze Crypto.

Continue Reading

Trending

Copyright © 2023 CryptoJamie

Generated by Feedzy