Adventures In Information Technology

Tag: Web 3.0

IOG Launching Midnight – a new privacy blockchain!

Input Output Global (IOG), the Cardano blockchain developer, has disclosed that it is building a platform based on data protection to enable users to operate more freely and safely by protecting sensitive personal and business data.

Web2 established global communities where individuals could interact and share. But doing so resulted in centralised control, censorship, surveillance, and a loss of data ownership.

In contrast to what Web3 had promised, solutions to date have either revealed too much information or are too private for many use cases.

IOG, the primary creator of Cardano, has stated that it is trying to construct a new platform that will be a principled system to safeguard people’s fundamental freedoms of association, commerce, and expression in order to address this.

Midnight is a new paradigm for online engagement, which gives users the power to decide whatever information they expose and to keep the rest private. Midnight will mark a radical change in how sensitive data is regarded while creating dApps.

An innovative data protection-first programming methodology will be used to build Midnight. By combining private and public processing with zero-knowledge cryptography, the platform will build a trustless environment that protects sensitive personal and business data. It will function on the Cardano blockchain as a sidechain.

You can find out more about the midnight blockchain by signing up for the token list here 

You can attend the annual Cardano summit which kicks off today through to Monday here 

Solana Game – Star Atlas gets a playable demo via the Epic Games Store

Even if it might take years for the Solana-based distant space strategy game to fully materialize, Star Atlas is undoubtedly one of the most ambitious NFT-driven games on the horizon. However, eager players won’t need to wait too long to get a taste: a brief sample has now been made available via the Epic Games Store.

The pre-alpha demo of the Unreal Engine 5 used to power the game, Star Atlas: Showroom was released today as part of a live-streamed event. Owners of Star Atlas NFTs can view the ships and vehicles they’ve purchased while exploring a 3D world demo.

Unfortunately, only Star Atlas NFT owners presently have access to the Star Atlas demo; however, anyone can obtain an access key by owning a ship and joining one of the game’s factions. According to Michael Wagner, CEO, and co-founder of Star Atlas developer ATMTA, some non-owners will receive access passes to the demo, which also includes a single non-NFT ship to explore.

The Showroom demo will be enhanced later this year to incorporate new features like multiplayer support, chat functionality, and the ability for NFT holders to fly their ships inside the demo.

You can find out more about the game at the Star Atlas website here 

If you have an NFT you can find the demo page on the Epic Games store here 

Starbucks launches an NFT marketplace called “Odyssey”

Starbucks has set out plans for blockchain adoption. The coffee company’s new non-fungible token (NFT) product, called Starbucks Odyssey, will be integrated with its Starbucks Rewards programme. To obtain valuable stamps as NFTs, users can complete “journeys” like games. Customers can also buy limited-edition NFTs, which can be traded on the platform. The waitlist is now open and neither a wallet nor cryptocurrencies are needed to use the platform.

According to Starbucks, Odyssey will “provide members with the opportunity to earn and purchase digital collector stamps (NFTs) that will unlock access to new, immersive coffee experiences.” The company goes on to say that users will be able to acquire NFTs (via games and other challenges) or buy them from the Odyssey marketplace. NFTs will have point values based on their rarity. A virtual espresso martini-making class; access to one-of-a-kind goods and artist collaborations; invitations to special events at Starbucks Reserve Roasteries; or even trips to the Starbucks Hacienda Alsacia coffee farm in Costa Rica are just a few of the experiences that can be unlocked with more points.

Starbucks’ decision to use Polygon for their NFT offering only serves to emphasize Matic and the company’s commitment to “diversity, accessibility, and sustainability” and its position as the layer 2 blockchain solution for the general public.

To join the Starbucks NFT waitlist click here

For more info on Polygon click here

AMD Ryzen 7000 Series Launched

The AMD Ryzen 7000 series of processors, the newest weapon in AMD’s arsenal and possibly one of the most eagerly awaited chip announcements of the year, has finally been unveiled with several new features intended to provide a premium desktop experience. The Zen 4 microarchitecture is built using an improved TSMC 5 nm manufacturing process, which has long been known on many rumor sites.

Along with the introduction of its new Ryzen 7000 series processors and 5nm Zen 4 architecture, AMD also shared some intriguing details regarding its upcoming next-generation series, which will be available from next month.

The new AMD Ryzen 7000 series combines the Zen 4 cores on a 5nm technology, first and foremost. In terms of embracing PCIe Gen5 and DDR5, it also largely catches up to Intel’s Alder Lake, although it will outperform Alder Lake in other respects.

In particular for workloads used by video creators, AMD claims that the Ryzen 9 7950X is faster than the Ryzen 9 5950X. Not for programs like Premiere Pro and others, but primarily for rendering apps such as Blender. AMD Zen architectures typically perform admirably on rendering applications.

With AMD’s new APU series rumored to perform as well as an RTX2080 the web 3.0 and creator and gaming market are set to explode over the next 24-48 months 

You can find out more info here

To the Metaverse: Africa, Costa Rica, and Ukraine?

Users of Web3 will soon be able to visit Ukraine, Costa Rica, and Africa in the Metaverse as businesses develop virtual settings for a new era of globalization.

The Metaverse is swiftly rising to the top of the list of crucial locations for businesses and people wishing to broaden their influence. According to a recent study from the company MarketsandMarkets, the market for the metaverse will expand from $61.8 billion in 2022 to $426.9 billion in 2027.

In addition, a current Juniper Research paper connects the development of nonfungible tokens (NFTs) with use cases in the metaverse. These results predict a rise in the number of metaverse-related NFTs from 600,000 in 2022 to 9.8 million in 2027.

Numerous areas of the world have begun to build a virtual presence in light of this potential. For instance, in July of this year, the emirate of Dubai announced the beginning of the Dubai Metaverse Strategy. The Dubai Metaverse Strategy, as previously reported by Cointelegraph, aims to draw foreign businesses and initiatives while also supporting metaverse education for programmers, content producers, and consumers of digital platforms.

Although the idea may seem futuristic, industry insiders think this is a natural evolution. According to Hrish Lotlikar, co-founder and CEO of Superworld, an augmented reality content platform, as Web3 technology becomes more prevalent in society, forward-thinking locales, governments, and businesses will take advantage of the Metaverse’s communication, gamification, and revenue opportunities.

Celestia Blockchain Creation

Celestia is a startup that is aiming to make deploying a blockchain as simple as creating a smart contract. Celestia is modularly structured with adjustable features that provide users with the opportunity to select their execution settings, much like the new rollup-centric Ethereum vision divides the consensus and data availability levels from the execution layer. Their goal is to enable anyone to easily deploy their own blockchain with minimal overhead.

The Celestia Team intends to launch the Mainnet in 2023 after deploying the Celestia Testnet in May 2022. Before the debut, their CEO Ismail Khoffi claimed that “optimizations must be made and bugs must be eliminated.” Although Celestia has not yet released a token, it has already generated a lot of buzz due to the potential of the platform to create metaverse virtual worlds with unique blockchains. 

If you would like to read up on the project you can reach their website with the link below.

Samsung & Web 3

Even though Web3 has demonstrated a lot of potential since its beginnings, one executive from Samsung Next believes that the utility issue is one that competitors in the industry must address.

The managing director of Samsung Next, Raymond Liao, spoke in an interview about the company’s decision to invest in MachineFi, a term used by the IoTeX project to define a futuristic paradigm in which machines replace humans as the primary workforce and are driven by Web3 technology.

Liao asserts that MachineFi has gained interest since Samsung Next focuses on investing in blockchain, artificial intelligence, and Metaverse, to name but a few.

The Samsung CEO discussed Web3 and how the crypto winter is a chance for investors in addition to MachineFi. This year is better than the last, according to Liao, which is positive for investors and product developers. The CEO had previously thought market returns were “over-exaggerated.”

The CEO further emphasised that the sector should concentrate on implementation and take on the utility issue to broaden the Web3 ecosystem rather than focusing on 10x returns.

The Latest Multimillion-dollar Hack Targets Solana Wallets

It appears that the Solana ecosystem has been impacted by crypto’s latest exploit, with users reporting that their funds have been drained from Phantom, Slope, and TrustWallet, which are all internet-connected “hot” wallets.

Blockchain auditors OtterSec report that over 8,000 wallets have been compromised so far. There were several Solana addresses linked to the attack and unsuspecting users were duped into sending SOL, SPL and other Solana-based tokens to those wallets.

Throughout Tuesday evening, it remained unclear exactly what caused Tuesday evening’s attack, though mobile wallet users appear to have been most affected. A supply chain attack may have compromised a trusted third-party service by enabling the attacker to initiate and approve transactions on behalf of users.

Web 3.0 The Future Of The Internet?

The Internet is a vast network of interconnected systems that make up one of the most powerful and influential tools in the world today. It is so powerful, in fact, that it is often referred to as Web 2.0 or the information age. The next generation of the internet has been dubbed Web 3.0. It is a system that will take the internet to a new level by radically changing the way people use it and how it interacts with society. In this article, we will explore what it is and how it will affect the world.

What is Web 3.0?

What most people refer to today as Web 3.0 is the emerging technologies that are changing the way that we interact with websites with technologies like blockchain. Tim Berners-Lee first coined the term Web 3.0 in the year 2010. 

Web 3.0 is the term given to the next evolution of the internet and web technology. It is the idea of a new era for the internet where every individual has the power to be a creator and or a consumer of value. The evolution of the internet has meant that the internet is no longer just a platform for a few people to share their ideas. The world wide web has now become a platform for people to share their ideas and make them happen. The next evolution of the internet will be the evolution of the individual and the value they can create and offer the world. 

The Impact Of Web 3.0

Web 3.0 is the new wave of the internet, The internet is the now world’s most prominent vein of information and everyone on the planet will soon be connected. The problem with the internet is that in order to access it, you need a device. The internet is very present and not so personal. However, with Web 3.0, the internet is no longer just about computers and devices. Web 3.0 is about the internet being woven into the fabric of our lives with smart contracts and artificial intelligence. In order to use the internet of web 3.0, you will no longer need to personally operate a device as an intelligent assistant can use the web for you to solve any of your personal problems. It’s now being embedded into everything that we use and do. Web 3.0 is the next big step in the evolution of mankind and the internet, and it’s happening right now.

Web 3.0 – Key Aspects

There are many different aspects of Web 3.0, including machines being able to read site data more easily, but here few of the most important ones that most people will become aware of and interact with:  

The first is the concept of ‘Web 3.0’ itself, which is a future-oriented concept that is being developed by many different computer scientists across the globe. 

The second is the concept of ‘blockchain’, which is a type of decentralized database that is being developed to help create a secure, reliable, and transparent digital asset exchange. 

The third is the concept of ‘smart contracts, which is a type of contractual agreement between the buyer and the seller without the need for a third party to enforce the agreement. 

The fourth is the concept of ‘decentralization’, which is a type of system that is decentralized and not controlled by one central authority.  

The fifth is the concept of ‘federated identity, which is a concept in which a user’s information is stored and accessed by multiple services. It is often used to provide a single login for the user across multiple websites or to make it easier for a user to use multiple websites without having to remember different passwords.

The Era of web 3.0 is in now full swing and where it will take us is into a new dynamic digital age full of opportunity and a zero marginal cost society leading us all to a metaverse of wonder and value. 

Technavio predicts The Metaverse market share to surpass $50 billion by 2026

Technology research and advisory firm Technavio is making a bold prediction for the metaverse market over the next 4-year blockchain cycle in the report titled “Metaverse Market in Finance by Component and Geography – Forecast and Analysis 2022-2026” 

Technavio concluded software and hardware, and the impact of the technology in various geographical regions would lead to rapid growth and adoption.

In 2026, the metaverse’s market share will reach $50.37 billion, according to the study. From 2021-2026, five timeframes were considered to analyze metaverse growth. A CAGR of nearly 21% is projected for market growth momentum. A growth rate of 20.11% is expected this year alone.

There will be 32% growth in the North American region, with Canada and the United States leading the way. China and Germany were also important consumer countries.

Due to their more progressive regulations and institutional adoption rates, Germany and the U.S. topped this year’s global crypto rankings.

There is no doubt that metaverse interest is widespread across the globe. Dubai Metaverse Strategy was launched earlier this month by the United Arab Emirates with an aim to lead f the top 10 metaverse economies.

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