By Mark Hunter
7 hours agoSun Mar 05 2023 08:00:39
Reading Time: < 1 minute
This week’s Web 3.0 woundup sees Yuga Labs join the rush to Bitcoin, the Dookey Dash winner sell his prize for $1.63 million, and Binance’s AI NFT tool Bicasso go mint crazy!
Don’t forget to collect $200 as you pass go.
Yuga Labs Joins Bitcoin NFT Bandwagon
Bored Ape creator Yuga Labs this week joined the Bitcoin NFT bandwagon by announcing a Bitcoin-based NFT collection. Known as TwelveFold, the collection features 300 generative collectibles that visualize the “cartography of data on the Bitcoin blockchain.”
Yuga Labs’ Bitcoin NFT project comes roughly two weeks after a Bored Ape collector moved his ape to the Bitcoin blockchain, something that Yuga considered an unlicensed reproduction of the Bored Ape.
Friendsies Creators Deny Rug Pull
The winner of Yuga Labs’ Dookey Dash competition this week sold his winning key NFT for 1,000 ETH, worth $1.63 million. Esports player Kyle “Mongraal” Jackson sold the NFT to billionaire entrepreneur Adam Weitsman, the 18-year-old gamer announced Monday, having previously tried to raise over five million dollars for it.
Yuga Labs will net $81,500 in royalties over the sale, and the success of the game suggests that more will follow suit.
Bicasso Goes Minting Mad
Binance’s artificial intelligence-based NFT tool has set a record by churning out 10,000 digital collectibles in its first 2.5 hours after going live. Known as Bicasso, the tool seeks to bridge the gap between “creative visions” and digital artworks, but concerns are already arising over the sheer volume of NFTs that will flood into the market.
The generated NFTs aren’t available for trading since Bicasso is in beta mode and the artworks were part of a testing sample, but the achievement is a sample of what we might expect when AI meets NFTs in the future.
On May 03 2023, the world of web development was seen to reach a new level of sophistication and power with the introduction of Web 3.0. This revolutionary new version of the web made possible for the development of exponentially more complex applications and coding that is needed to power the Internet of Things (IoT).
Since the beginning of the web, the rate of progress has been astounding. Web 1.0 was the first generation of websites, which were predominately used for static content. Web 2.0 ushered in a wave of interactivity and dynamic content building, such as social media, social networks and data sharing.
Web 3.0 has made it possible to create and connect data across millions of devices and multiple systems in real-time. This new level of technology can now be used to solve complex problems in creative ways using artificial intelligence and machine learning.
With Web 3.0, developers now have access to a range of cutting-edge features, like deep learning and natural language processing, which make it easier to create powerful applications. On top of that, decentralized ledgers, like the blockchain, are now used in the development of secure applications, making the system more secure and reliable.
Not only is Web 3.0 changing the way applications are developed and deployed, but it’s also transforming the way people interact with the web. Open-source frameworks and custom tools are used to develop specialized interfaces, which make it much easier for users to navigate websites and access data.
With Web 3.0, developers now have the tools to create new digital experiences and applications. It will revolutionize the way people interact with technology, and power the future of the web. Web 3.0 is expected to be widely adopted in the coming years, ushering in the new age of digital transformation.