Over 1,000 Amazon Employees Raise Concerns About AI’s Impact on Jobs and the Environment

An open letter signed by over 1,000 Amazon employees has raised “serious concerns” regarding AI development, criticizing the company’s “all costs justified and warp speed” approach. It warns that the implications of such powerful technologies will negatively affect “democracies, our jobs, and our planet.”

Released on Wednesday, this letter was signed anonymously by Amazon employees and comes a month after the company’s announcement about mass layoffs intended to ramp up AI integration within its operations.

The signatories represent a diverse range of roles, including engineers, product managers, and warehouse staff.

Echoing widespread concerns across the tech industry, the letter also gained support from over 2,400 employees at other companies such as Meta, Google, Apple, and Microsoft.

This letter outlines demands aimed at Amazon regarding workplace and environmental issues. Employees are urging the company to provide clean energy for all data centers, ensure that AI-driven products and services do not facilitate “violence, surveillance, and mass deportation,” and establish a working group composed of non-administrators. “They bear significant responsibility for overarching objectives within the organization, the application of AI, the implementation of AI-related layoffs, and addressing the collateral impacts of AI, such as environmental effects.”

This letter is a product of an advocacy group of Amazon employees advocating for climate justice. One worker involved in drafting the letter shared that employees felt compelled to speak out due to adverse experiences with AI tools at work and broader environmental concerns stemming from the AI boom. The employee emphasized the desire for more responsible methods in the development, deployment, and use of technology.

“I signed this letter because executives are increasingly fixated on arbitrary productivity metrics and quotas, using AI to justify pushing themselves and their colleagues to work longer hours or handle more projects with tighter deadlines,” stated a senior software engineer who preferred to remain anonymous.

Climate Change Goals

The letter claims that Amazon is “abandoning climate goals for AI development.”

Like its competitors in the generative AI space, Amazon is heavily investing in new data centers to support its AI tools, which are more resource-intensive and demand significant power. The company plans to allocate $150 billion over the next 15 years for data centers, and has recently disclosed an investment of $15 billion for a data center in northern Indiana and $3 billion for centers in Mississippi.

The letter reports that Amazon’s annual emissions have seen an “approximately 35% increase since 2019,” despite the company’s promises. The report cautions that many of Amazon’s AI infrastructure investments will be in areas where energy demands compel utilities to maintain coal plants or establish new gas facilities.

“‘AI’ is being used as a buzzword to mask a reckless investment in energy-hungry computer chips, which threaten worker power, accumulate resources, and supposedly save us from climate issues,” noted an Amazon customer researcher who requested to remain anonymous. “It would be fantastic to build AI that combats climate change! However, that’s not where Amazon’s billions are directed. They are investing in data centers that squander fossil fuel energy for AI aimed at monitoring, exploiting, and extracting profit from their customers, communities, and government entities.”

In a statement to the Guardian, Amazon spokesperson Brad Glasser refuted the employees’ claims and highlighted the company’s climate initiatives. “Alongside being a leading data center operator in efficiency, we have been the largest corporate buyer of renewable energy globally for five consecutive years, with over 600 projects globally,” Glasser stated. “We have also made substantial investments in nuclear energy through our current facilities and emerging SMR technology. These efforts are tangible actions demonstrating our commitment to achieving net-zero carbon across our global operations by 2040.”

AI for Enhanced Productivity

The letter also includes stringent demands regarding AI’s role within Amazon, arising from challenges employees are facing.

Three Amazon employees who spoke with the Guardian claimed that the company was pressuring them to leverage AI tools to boost productivity. “I received a message from my direct boss,” shared a software engineer with over two years at Amazon, who spoke on condition of anonymity for fear of retaliation, “about using AI in coding, writing, and general daily tasks to enhance efficiency, stressing that if I don’t actively use AI, I risk falling behind.”

The employee added that not long ago, their manager indicated they were “expected to double their work output due to AI tools,” expressing concern that the anticipated production levels would require fewer personnel and that “the tools simply aren’t bridging the gap.”

Customer researchers shared similar feelings. “I personally feel pressure to incorporate AI into my role, and I’ve heard from numerous colleagues who feel the same pressure…”

“Meanwhile, there is no dialogue about the direct repercussions for us as workers, from unprecedented layoffs to unrealistic output expectations.”

A senior software engineer highlighted that the introduction of AI has led to suboptimal outcomes. The most common scenario involves employees being compelled to use agent code generation tools. “Recently, I worked on a project that was merely cleaned up after an experienced engineer attempted to use AI to generate code for a complex assignment,” the employee revealed. “Unfortunately, none of it functioned as intended, and he had no idea why. In fact, we would have been better off starting from scratch.”

Amazon did not respond to questions regarding employee critiques of its AI workplace policies.

Employees stressed that they are not inherently opposed to AI but wish to see it developed sustainably and with input from those who are directly involved in its creation and application. “I believe Amazon is using AI to justify its control over local resources like water and energy, and it also legitimizes its power over its employees, who face increasing surveillance, accelerated workloads, and implicit termination threats,” a senior software engineer asserted. “There exists a workplace culture that discourages open discussions about the flaws of AI, and one of the objectives of this letter is to show colleagues that many of us share these sentiments and that an alternative route is achievable.”

Source: www.theguardian.com

HP to Slash Up to 6,000 Jobs by 2028 Amid AI Transition

HP, the US-based computer and printer manufacturer, is ramping up its use of AI to speed up product development, with plans to create between 4,000 and 6,000 jobs worldwide over the next three years.

The company announced that its profit forecast for the upcoming year is less optimistic than anticipated. HP indicated it would cut jobs while expecting to bolster its workforce by the end of October 2028. Currently, HP has around 56,000 employees. The announcement caused a 6% dip in the company’s stock price.

“Looking ahead, we recognize a substantial opportunity to integrate AI into HP to facilitate product innovation, enhance customer satisfaction, and boost productivity,” stated Enrique Lores, CEO of the Californian company.

He mentioned that the layoffs would impact teams involved in product development, internal operations, and customer support, forecasting annual savings of $1 billion (£749 million) by 2028, despite incurring an estimated cost of $650 million from the cuts.

These job cut announcements coincide with warnings from a prominent education and research charity that up to three million low-skilled jobs in the UK could vanish by 2035 due to automation and AI. The National Educational Research Foundation suggests that jobs at risk include those in trades, machine operation, and management.

Earlier this year, in February, HP had already reduced its workforce by 1,000 to 2,000 employees as part of a restructuring initiative.

Recently, various companies have cited AI advancements as a reason for workforce reductions. Last week, law firm Clifford Chance announced a 10% reduction in its London business services staff (approximately 50 positions), partly due to new technological implementations.

The head of PwC recently scaled back plans to hire 100,000 employees from 2021 to 2026, remarking that AI has altered hiring requirements, stating, “The world is different than it was.”

Khurana noted last week that the Buy Now, Pay Later company has nearly halved its workforce over three years through attrition, attributing this to savings related to AI, with departing staff being replaced by technology rather than new hires, indicating potential further cuts ahead.

Numerous US technology firms have initiated job cuts in recent months as rising prices and a government shutdown negatively affect consumer spending.

Business leaders in various sectors aim to leverage AI to expedite software development and automate customer service. Cloud providers are securing substantial memory resources to meet the computing needs of companies like Anthropic and OpenAI that are developing advanced AI models, which has led to rising memory costs.

Skip past newsletter promotions

Analysts at Morgan Stanley have indicated that rising memory chip prices driven by increased demand from data centers could put pressure on profits for HP as well as competitors like Dell and Acer.

“Memory costs are currently 15-18% of a typical PC’s price, and while we anticipated an increase, the rate has surged in recent weeks,” stated Lores.

HP reported fourth-quarter sales of $14.6 billion, surpassing expectations. There is a growing demand for AI-powered PCs, accounting for over 30% of HP’s shipments in the quarter ending October 31.

Source: www.theguardian.com

Study Reveals AI Could Replace 3 Million Low-Skilled Jobs in the UK by 2035

As per a report from a prominent education and research charity, the UK could see up to three million low-skilled positions vanish by 2035 due to advances in automation and AI.

The National Foundation for Educational Research (NFER) identifies the most vulnerable occupations as trades, machine operations, and management roles.

Conversely, a growing demand for highly skilled workers is anticipated as improvements in AI and technology increase workloads “at least in the short to medium term”. Overall, the report forecasts that the UK economy will generate 2.3 million new jobs by 2035, though the distribution of these jobs will be uneven.

This finding contrasts with recent studies suggesting that AI’s impact will be more significant on high-skilled technical jobs like software engineering and management consulting, rather than on trades or manual labor.

Research from King’s College, published in October, indicated that “high-wage companies” experienced job losses of approximately 9.4% between 2021 and 2025, primarily following the launch of ChatGPT in late 2022.

The British government identified management consultants, psychologists, and legal professionals as the professions “most vulnerable to AI”, while athletes, roofers, and bricklayers are least likely to be displaced.

Recently, law firm Clifford Chance announced it would be reducing its London-based business services workforce by 10% (around 50 positions), attributing the change to AI. Additionally, PwC’s leadership has publicly stepped back from plans to recruit 100,000 individuals between 2021 and 2026, stating that “the world has changed” due to advancements in artificial intelligence.

Jude Hilary, one of the authors of the report, stated that NFER’s research, grounded in long-term economic models of the UK labor market, suggests that the forecasts for job losses due to AI may be premature.

He indicated that the reduction of jobs linked to AI may be influenced by factors like a weakened UK economy, rising National Insurance contributions, and employer risk aversion.

“There’s a general sense of uncertainty regarding future developments and the timeline for recovery. Much discussion revolves around AI and automation, but lacks substance, which is a concern for many employers,” Hilary remarked.

Skip past newsletter promotions

“Currently, I think many employers are simply hesitant to act.”

Mr. Hilary predicted that the overall influence of AI on the UK workforce would be multifaceted. There will likely be a decline in demand for numerous entry-level roles, and many low-skill jobs may become obsolete. This raises significant concerns, as individuals losing low-skill positions in an evolving economy will struggle to reskill.

“New job opportunities in the labor market often lean towards professional or semi-professional roles. … The one to three million workers displaced highlighted in the report will encounter substantial hurdles when attempting to re-enter the workforce,” he added.

Source: www.theguardian.com

NASA’s Jet Propulsion Laboratory Cuts 550 Jobs

On Monday, NASA’s Jet Propulsion Laboratory revealed plans to eliminate around 550 jobs, which represents about 10% of its workforce.

In a statement shared online, Institute director Dave Gallagher indicated that these layoffs are part of a larger “workforce realignment” and are not connected to the ongoing government shutdown.

The positions affected by the layoffs will span various areas including technology, business, and support within the NASA center.

Gallagher emphasized, “Making these decisions this week will be difficult, but they are vital for ensuring JPL’s future by establishing a more streamlined infrastructure, concentrating on our primary technology capabilities, upholding fiscal responsibility, and positioning us for competitiveness within the changing space landscape, all while continuing to deliver critical contributions for NASA and the nation.”

He also mentioned that affected employees will receive notifications regarding their status on Tuesday.

Located in Pasadena, California, the Jet Propulsion Laboratory is a research and development center funded by NASA but managed by the California Institute of Technology, and is home to some of the agency’s most renowned missions, including Explorer 1, America’s inaugural satellite, launched in 1958.

Additionally, JPL scientists have designed, constructed, and operated all five rovers that have landed on Mars with NASA’s guidance.

NASA is grappling with uncertainty surrounding its budget and future goals. Similar to many government entities, it has experienced considerable budget cuts and staffing reductions as part of a broader federal workforce downsizing initiated under the Trump administration.

Since the commencement of President Donald Trump’s term, approximately 4,000 NASA staff members have opted for deferred retirement programs, leading to a nearly 20% decrease in the agency’s workforce, which originally comprised 18,000 employees.

In July, Reuters reported that about 2,145 senior employees at NASA are expected to retire as part of the layoffs.

The Trump administration assumed office last week amid an ongoing government shutdown. Over 4,000 additional federal workers were laid off across various departments including Treasury and Health and Human Services, although this reduction does not seem to impact NASA.

Source: www.nbcnews.com

Polls Reveal Half of UK Adults Fear AI Will Impact Jobs

Half of adults in the UK express worries about artificial intelligence affecting their employment, prompting union leaders to advocate for a significant shift in the government’s strategy towards emerging technologies.

The primary concern for 51% of the 2,600 adults surveyed by the Trade Union Council was job loss or alterations to contract terms.

AI poses a specific worry for workers aged 25 to 34, with nearly two-thirds (62%) of participants in this age group sharing such apprehensions.

The TUC’s survey results coincide with announcements from major employers, including BT, Amazon, and Microsoft, indicating potential job cuts due to advancements in AI over recent months.

The UK job market is experiencing a slowdown amid an easing economy, with the official unemployment rate reaching 4.7% for the first time in four years; however, most economists do not attribute this to increased investment in AI.

While the TUC recognizes that AI technology could benefit employees and enhance public services, it urges the government to involve both workers and unions in the deployment of AI to safeguard jobs and offer training for roles replaced by AI.

Half of those surveyed (50%) wish to have a say in how AI is implemented in the workplace and the broader economy, as opposed to leaving this decision solely to businesses, with only 17% against this idea.

As part of its AI strategy, the TUC is calling for conditions to be attached to the substantial public funds allocated for AI research and development, ensuring that workers are not displaced by innovative technologies.

Furthermore, it is essential for companies to share the “digital dividends” from productivity improvements achieved through AI by investing in employee training and skills, enhancing wages and working conditions, and involving workers in corporate decision-making processes, including representation on boards.


Union representatives have cautioned that without such regulations, allowing workers to influence AI usage, the rise of new technologies may result in “prolonged inequality,” worsened working conditions, and increasing social unrest.

The TUC has insisted on the need to strengthen the UK’s social security and skills systems to support and reskill workers whose jobs are threatened by AI advancements.

Kate Bell, TUC’s assistant secretary, stated: “AI holds transformative potential, and if developed correctly, it can enhance productivity, benefiting workers.”

She further noted: “The alternative is grim. In unchecked and improper hands, the AI revolution might establish deepening inequality as jobs decline or vanish, with shareholders growing wealthier.”

Source: www.theguardian.com

New Online Safety Regulations Put Hundreds of TikTok UK Moderators’ Jobs in Jeopardy

TikTok is jeopardizing the roles of hundreds of UK content moderators, despite the implementation of stricter regulations aimed at curbing the dissemination of harmful materials online.

The popular video-sharing platform announced that hundreds of positions within its trust and safety teams could be impacted in the UK, as well as South and Southeast Asia, as part of a global reorganization effort.

Their responsibilities have been shifted to other European locations and third-party contractors, with some trust and safety roles still remaining in the UK, the company clarified.

This move aligns with TikTok’s broader strategy to utilize artificial intelligence for content moderation. The company stated that over 85% of materials removed for violating community guidelines have been identified and deleted through automation.

The reduction poses challenges for companies, necessitating age verification checks for users accessing potentially harmful content, even with new UK online safety laws now in effect. Organizations risk fines of up to £18 million or 10% of global revenue for non-compliance.

John Chadfield from the Communication Workers Union expressed concerns that replacing human moderators with AI could endanger the safety of millions of TikTok users.

“TikTok employees have consistently highlighted the real-world implications of minimizing human moderation teams in favor of hastily developed AI solutions,” he remarked.

TikTok, which is owned by the Chinese tech firm ByteDance, has a workforce of over 2,500 in the UK.

In the past year, TikTok has decreased its trust and safety personnel globally, often substituting automated systems for human workers. In September, the company laid off an entire team of 300 content moderators in the Netherlands, and in October, it disclosed plans to replace approximately 500 content moderation staff in Malaysia as part of its shift towards AI.

Recently, TikTok employees in Germany conducted a strike against the layoffs in its trust and safety team.

Skip past newsletter promotions

Meanwhile, TikTok’s business is thriving. Accounts filed with Companies House reveal that combined operations in the UK and Europe reached $6.3 billion (£4.7 billion) in 2024, representing a 38% increase from the year before. The operating loss decreased from $1.4 billion in 2023 to $485 million.

A TikTok spokesperson stated that the company is “continuing the reorganization initiated last year to enhance its global operational model for reliability and safety.” This involves a focus on fewer global locations to increase efficiency and speed in the evolution of this essential function for technological progress.

Source: www.theguardian.com

Will AI Displace Entry-Level Jobs? | Artificial Intelligence (AI)

Greetings and welcome to TechScape. This week, I’ve been contemplating how different my initial foray into journalism would have been if generative AI had existed. Additionally, Elon Musk leaves a trail of perplexity behind him, while influencers explore the art of selling texts that inspire AI-generated artwork.

AI Endangers the Jobs of Recent Graduates

Executives within Genetic Artificial Intelligence shared rigorous evaluations of the entry-level job landscape last week, indicating that the positions secured with degrees might soon be at risk.

Dario Amodei, CEO of Anthropic, has developed the versatile AI model Claude. In an interview with Axios last week, he projected that AI could eliminate half of all entry-level white-collar jobs, potentially driving the overall unemployment rate to 20% within five years. A possible explanation for such alarming forecasts from AI executives may be linked to their desire to amplify the appeal of their products, suggesting they possess the capability to dismantle significant corporate structures.

Should your purchasing and employment choices align with Amodei’s vision, consider investing in his products and stay ahead of the productivity curve. Amodei announced a new iteration of CEO CLOUDE the very same week he shared these insights. Similarly, OpenAI’s Sam Altman has adopted a comparable strategy.

Nonetheless, voices outside the AI creation circle reflect Amodei’s warnings. Steve Bannon, an influential podcast host and former Trump administration member, echoed Amodei’s concerns, suggesting that automated employment will pose a significant challenge in the 2028 US presidential campaign. A March report from the Washington Post indicated that over a quarter of all US programming positions had vanished over two years, attributing this trend to the disruptive impact of ChatGPT’s release in late 2022.

A few days before Amodei’s comments, a LinkedIn executive provided a stark evaluation based on data from the social network. A New York Times essay emphasized, “You can observe the Lang below your career’s ladder.”

“Growing evidence points to artificial intelligence posing a genuine threat to a substantial number of jobs traditionally assigned to new graduates,” stated Anesh Raman, LinkedIn’s Chief Economic Opportunity Officer.

The US Federal Reserve recently released findings regarding the job market for college graduates in the first quarter of 2025. The Federal Reserve’s report indicated, “The labor market for college graduates deteriorated significantly in the first quarter of 2025, with the unemployment rate rising to 5.8%, the highest level since 2021.” The Fed did not specify any particular causes for this decline.

AI’s influence on entry-level roles is likely to result in a restructuring of these positions. The job market might oscillate between Amodei’s bleak outlook and the pre-ChatGPT era. Familiarity with AI will become essential, akin to proficiency in Microsoft Office, and employers will expect enhanced productivity standards. If a robot can handle the majority of the tasks assigned to a junior software engineer, it will necessitate a fivefold increase in output, similar to the previous expectations.

In late April, Microsoft CEO Satya Nadella claimed that AI is responsible for 30% of Microsoft’s code. This could signify the future landscape of software development. While it may hold some truth, it is also plausible that Nadella, leading a company capitalizing on the AI boom, is exaggerating its contributions in an effort to market it. Mark Zuckerberg from Meta has made even bolder assertions, suggesting that his company may no longer require mid-level coders by the end of 2025, following a 5% staff reduction.

Last year’s photo of Meta director Mark Zuckerberg. Photo: Manuel Orbegozo/Reuters

Nevertheless, the immediate transition can be quite challenging. Recent graduates may find themselves ill-equipped, as their educational experiences did not emphasize AI, leading employers to doubt their preparedness for this evolving job landscape.

This predicament is not solely the fault of graduates; employers often remain unclear about their expectations surrounding AI. Axios has been investigating Amodei’s forecast, detailing how AI job cuts are advancing rapidly. Companies are hopeful that they can find alternatives to hiring employees by banking on AI’s capacity to fulfill similar roles.

An example from journalism might serve as a cautionary tale. Entry-level journalism jobs often involve compiling news from various sources in a manner consistent with the employing organization. AI can perform this task effectively when accuracy is ensured. When I first began, I spent several years refining my skills in this area. The trends indicated by Amodei’s claims resonate within our industry, where entry-level positions are in decline. Recently, Business Insider, a digital publication focused on finance and business news, terminated 20% of its workforce, with CEO Barbara Penn asserting the newsroom will prioritize “AI-first” strategies.

Axios itself highlights revelations concerning its own AI policies during an Amodei interview.

“Axios requests that managers clarify why AI is not suitable for particular tasks before allowing it to proceed,” the disclosure notes. The parentheses signal awareness that involving AI in the writing process could be detrimental to the brand. It further indicates that there may be no intention of refilling vacant positions, suggesting that AI may soon be expected to fill those roles.

This Week in AI

Musk’s Departure Leaves a Chaotic Mark

Elon Musk at the White House in April. Photo: Bloomberg/Getty Images

Last week, Elon Musk inferred his resignation from the White House, announcing the end of his controversial tenure as the de facto director of the “Doctor of Government Efficiency” (DOGE) under President Trump. Following his announcement, Trump convened a press conference to facilitate his departure. According to The New York Times, Musk claimed he had a drug that was heavily utilized during the campaign.

My colleague Nick Robbins noted the chaos left in Musk’s wake:

As Musk departed, he orchestrated the disruption of a half-formed strategy, dismantling institutions hindered by his allies implanted in key federal posts. His exit has already induced disorder within the government and heightened uncertainty, sparking inquiries about the extent of the vague task force’s influence in his absence—while others scramble to realign programs and services he obliterated.

Musk’s initial DOGE pitch aimed to save $2 trillion from the budget by eliminating excessive waste and fraud, alongside modernizing government software to enhance agency operations. So far, DOGE asserts it will yield approximately $140 billion in savings, although its claims have been criticized for significant inaccuracies. Trump’s new tax policies, not linked to DOGE, are projected to outpace DOGE’s savings while adding $2.3 trillion to the deficit. The promise of new, modernized software frequently centers around artificial intelligence (AI) chatbots, which are already in use by the Biden administration.

Ultimately, DOGE’s primary impact remains the disassembly of crucial government services and humanitarian support. Its cuts have targeted essential organizations like the National Oceanic and Atmospheric Administration. Officials responsible for weather predictions and disaster management have been put in jeopardy, similar to the protections offered to the Veterans Affairs Bureau. Numerous smaller agencies, including those managing homelessness policy within the Veterans Affairs Bureau, have faced shutdowns. DOGE’s measures have crippled numerous agencies, leaving uncertainty regarding whether Musk’s departing staff are tasked with updating services or merely shutting them down.

As Musk re-engages with Tesla and SpaceX, the organizations he has dismantled are left to tackle the remnants of his decisions.

Skip past newsletter promotions

As Musk resumes leadership of his tech ventures, many former employees and inexperienced engineers recruited for DOGE will still be entrenched within government departments. A prominent concern about DOGE’s future revolves around whether these staff members maintain access to sensitive government data, preserving the same authority they wielded under Musk.

Read the timeline for Musk’s ventures in Washington.

Navigating Misinformation

Influencers Selling AI Art Prompts

ChatGPT logo featured on a keyboard. Photo: Jaque Silva/Nurphoto/Rex/Shutterstock

Would you consider purchasing instructions for ChatGPT?

Two weeks ago, the Instagram account @voidstomper, known for grotesque AI-generated videos and boasting 2.2 million followers, began selling unique prompts. The offer included ten prompts that contributed to the generation of the AI-powered videos posted by the account.

voidstomper remarked, “I initially hesitated to sell these, but I’m broke and they’re still going viral. Ten horrifying raw prompts I used, which garnered millions of views. Some may be illogical, but I utilize them across all AI video platforms.” The account manager has not responded to interview requests.

It’s not an isolated case. There is a burgeoning market for selling AI prompts. According to Promptbase founder Ben Stokes, the platform currently features around 20,000 sellers participating. Thousands of prompts are sold monthly, with writers compensating for their creations since 2022.

voidstomper marketed prompts designed for specific video creations, whereas buyers receive generalized templates rather than finite directives, as stated by Stokes.

“For instance, if a prompt is for creating a vintage-style poster of a renowned landmark, it will include a section like [LANDMARK NAME]. You could customize it with your local pier or any landmark you choose to depict,” he explained.

However, why would one purchase a text string that they could input themselves?

“Certain groups seek out high-quality, robust prompts for business applications. They wish to effectively integrate AI into their products or workflows. This typically necessitates prompts that yield consistent and reliable outputs. While the general perception is that ChatGPT is free, running sufficient generations to achieve a desired result could be expensive for businesses. Thus, investing in a prompt can be a more economical solution.

Even within the niche of AI-generated art, some view the selling of prompts as absurd. Holyfool36, an Instagram and TikTok influencer previously featured in this newsletter, expressed his distaste for such practices via email: “Frankly, I find it disappointing for the art community. Generating AI doesn’t require specialized skills; most people can figure out how to adapt prompts themselves without any cost.”

“I know voidstomper personally and have interacted with him frequently. I advised that the best way to monetize this would be to sell authentic and tangible products related to that brand.

Broader Technological Landscape

Source: www.theguardian.com

Microsoft Cuts 6,000 Jobs Despite Sustained Profitability in Quarterly Reports

Microsoft has announced a reduction of nearly 3% of its total workforce.

Although the tech giant did not disclose the exact number of positions being eliminated, estimates suggest it could be around 6,000. As of June last year, Microsoft had 228,000 full-time employees, with approximately 55% located in the United States.

Headquartered in Redmond, Washington, Microsoft indicated that the layoffs will affect all levels and regions, primarily targeting management positions. Notifications were sent out on Tuesday.

“We are continuing to make the organizational changes necessary to ensure our company’s success in a rapidly changing market,” the statement from the company reads.

Earlier this year, Microsoft undertook fewer performance-based layoffs in January. However, this recent 3% reduction marks its most significant workforce cut since early 2023. Other tech firms have also trimmed their workforces by around 10,000 jobs, equivalent to nearly 5%, and are scaling back on growth initiated during the pandemic.

Skip past newsletter promotions

This latest round of layoffs follows Microsoft’s recent announcement of excellent sales and profits that exceeded Wall Street projections for the period from January 3rd to March. The company has consistently outperformed revenue expectations for the past four quarters.

In an earnings call in April, Amy Hood, the company’s chief financial officer, stated that Microsoft is aiming to “build agile, high-performance teams by streamlining management layers.” She also noted that revenues in March were 2% higher than the previous year, reflecting a slight decrease compared to late last year.

Source: www.theguardian.com

“Out of Touch”: US Tech Firm Cuts Jobs and Halts Global IT Operations to Implement AI

The cybersecurity firm that gained notoriety last year for causing a significant global IT outage has revealed plans to partially reduce its workforce by 5% citing “AI efficiency.”

In a memo to employees earlier this week, CEO George Kurtz, who was released to the US stock market, stated that 500 jobs, or 5% of the total workforce, would be eliminated globally due to AI advancements created by businesses.

“We are at a pivotal point in the market and technology, where AI is transforming every sector, accelerating threats, and changing customer demands,” he explained.

Kurtz emphasized that AI “will streamline the adoption process and enable quicker innovation from concepts to products,” adding that it “enhances efficiency in both front and back offices.”


“AI acts as a force multiplier across the enterprise,” he added.

Other factors contributing to the layoffs include the need for sustainable market growth and expanded product lines.

The company anticipates incurring costs of up to USD 53 million due to the job reductions.

CrowdStrike reported a revenue of USD 1 billion in the fourth quarter of 2025, reflecting a 25% increase from the same period in 2024, despite a loss of USD 92 million.

Last July, CrowdStrike unintentionally promoted an erroneous software update intended to detect cybersecurity threats, which affected 8.5 million Windows systems globally.

The incident caused widespread disruption, impacting airports, hospitals, television networks, payment systems, and individual computers.

Aaron McCann, VP of research and advisory at Gartner, expressed skepticism regarding claims of AI efficiencies amid declining revenue forecasts, as seen with CrowdStrike in March.

“I view it as a justification for workforce reductions, particularly in tech. It’s fundamentally a financial decision,” he remarked, expressing immediate skepticism.

McEwan noted that firms are under pressure to justify significant investments made in AI.

“The productivity improvements we anticipated from AI are not materializing.”


Gartner’s survey indicates that fewer than 50% of employees utilize AI in their roles, with only 8% employing AI tools to boost productivity.

Toby Walsh, a professor of artificial intelligence at the University of New South Wales, described CrowdStrike’s announcement as “somewhat alarming” following last year’s suspension.

“They would be more effective by reallocating these 5% of employees to emergency responses and bug fixes,” he advised.

Walsh suggested that the market should brace itself for more such announcements in the future.

“It’s straightforward. Increased profits for companies, fewer jobs for workers. We should learn from the first industrial revolution. By uniting, we could use these savings to enhance the quality and quantity of work for everyone.”

Niusha Shafiabady, an associate professor of computational intelligence at the Australian Catholic University, stated that AI-induced job displacement is an “inevitable reality.”

“Even with good intentions, this transformation will occur. Regrettably, many will lose their traditional roles due to AI and technology,” she remarked.

“If companies can save costs by leveraging AI and technology, they will do so, resulting in job losses. This is the stark reality.”

The 2023 World Economic Forum report predicted that AI and other macroeconomic factors would affect nearly 23% of jobs globally within five years. While 69 million jobs are expected to be created, 83 million are projected to be eliminated, leading to a net decline of 2%, according to Shafiabady.

McEwan asserted that companies, especially in high-tech sectors, are exploring ways to gradually reduce their workforce through AI.

“I firmly believe that companies are emerging that can effectively shrink their workforce thanks to AI,” he noted.

“It largely depends on the type of product being sold. However, most companies at this juncture would benefit more from enhancing their workforce rather than using AI as a replacement.”

Has your job been lost to AI? Please reach out at josh.taylor@theguardian.com

Source: www.theguardian.com

New Luddite movement protests AI as robots lose jobs and films are scrapped – Ed Newton Rex

pictureEarlier this month, the popular lifestyle magazine introduced its new “Fashion and Lifestyle Editor” to its massive social media following. “Ream”At first glance, Reem appeared to be a woman in her twenties who understood both fashion and lifestyle, and was proudly announced as an “AI-enhanced team member” — that is, a fake persona generated by artificial intelligence. Reem would be recommending products to SheerLuxe's ​​followers — in other words, doing the job that SheerLuxe would normally pay a human to do. The reaction was entirely predictable. Indignation“The editorial team hastily issued an apology, saying, ‘I’m sorry, but I’m not sure what to do.'”

This is just the latest in a long line of withdrawals of “inspiring AI projects” that have drawn outrage from those they were meant to inspire. The Prince Charles Cinema in London's Soho cancel In June, it canceled a screening of a film written by AI after patrons loudly protested. Lego was under pressure The company demanded that it remove a series of AI-generated images it had published on its website. Doctor Who had begun experimenting with generative AI, It stopped immediately After a wave of complaints, companies have bought into the AI ​​hype, thinking that adopting AI will help them promote themselves as innovative, completely failing to understand the growing anti-AI sentiment among many customers.

Behind the backlash are a number of concerns about AI. The most fundamental is its impact on human labor. The main impact of using AI in many situations is that it will deprive humans of the opportunity to do the same work. And AI systems will: Exploitation of works Artificial intelligence is training the people it is meant to replace in creative output without paying them. The technology has a tendency to sexualize women, is used to create deep fakes, and is causing tech companies to miss their climate targets, without understanding many of its risks well enough to mitigate them. Naturally, this has not met with universal praise. Hayao Miyazaki, director of world-famous animation studio Studio Ghibli, said: “I’m completely disgusted…” [AI] It is an affront to life itself.”


Members of the activist group Safe Streets Level place cones around a self-driving taxi in San Francisco, California, in July 2023. Photo: Josh Edelson/AFP/Getty Images

Some members of the anti-AI movement Reclaiming the name “Luddite”I come from a tech community where Luddite is considered an insult, but this new movement is proud of the moniker. As Brian Merchant, author of Blood in the Machine, points out, the first Luddites didn't rebel immediately. They called for dialogue and compromise. The new Luddites also want dialogue and compromise. Most recognize that AI is here to stay, and they want a more rational and fair approach to its adoption, not reversal. And it's easy to imagine that they might be more successful than their predecessors. 19th century counterpartThe legendary Ned Ludd had no social media. Downtrodden workers used to be easily ignored. The internet is the greatest organizing tool in history.


Anger toward AI companies is forging unlikely allies. When the Recording Industry Association of America recently sued two AI music-generation companies for “unimaginable copyright infringement,” musicians and fans took to the internet to show their support. “Wow, these AI companies make me want to root for the record companies,” one person wrote. One composer said:To address the new threat of AI, old arguments are being pushed aside: the enemy of my enemy is my friend, as the saying goes.

Some will believe that AI is all about opportunity, all about good, and that it is the next great technological revolution that will free humanity from the dark ages we live in. A speaker at the Tony Blair Institute's Britain's Future Summit a few weeks ago said: Overview Why empowering AI is “the only option for a forward-thinking UK government.” There is some truth to this. Of course, AI has a promise. That promise is largely a creed for now, with AI leaders promising technologies that are at best years away and at worst unrealistic. But there is reason to think that the more optimistic predictions about AI have some real potential. AI may truly change the world, as AI visionaries would have you believe.

But the backlash points out that we can’t ignore real harms today in order to make technological bets on the future. Nintendo They won’t use generative AI. A user on Stack Overflow, a Q&A site for software engineers, wrote: A group revolted After the platform struck a deal to allow OpenAI to remove content to train its models, users began deleting posts or editing them to make them nonsensical. Attacks on driverless taxis They shouted in the streets of San Francisco that they were putting people out of work.

Outside the OpenAI offices in San Francisco, there are frequent groups of protesters holding banners reading “Pause AI.” If AI is left unregulated, this sentiment will only grow. Countries may be tempted to treat AI development as an arms race and forge ahead regardless of the costs. But According to opinion polls, the public We think this is a bad idea, and AI developers and those regulating the emerging AI industry need to listen to the growing backlash against AI.

  • Ed Newton-Rex is the founder of Fairy Training, a nonprofit that certifies generative AI companies that respect the rights of creators, and co-founder of JukeDeck, an AI company that can compose and arrange music.

Source: www.theguardian.com

Google claims that AI has the potential to enhance nearly 66% of jobs in the UK

Google states that nearly 66% of jobs in the UK could be “augmented” by AI, with only a small percentage of jobs at risk of complete elimination. The company emphasizes the importance of supporting workers to utilize AI technology to improve efficiency rather than fearing job loss.

Debbie Weinstein, managing director of Google UK, highlights the low adoption rate of AI tools in workplaces and emphasizes the need for people to feel confident and capable in using these technologies to unlock their full potential.

Research commissioned by Google from think tank Public First reveals that 61% of UK jobs will be significantly impacted by AI, with only 31% remaining unaffected by the technology. Certain industries like social care, transportation, and accommodation and food services, which involve complex physical labor, are less likely to be automated.

Public First estimates that only a few jobs will become obsolete due to AI, with the majority of jobs expected to be enhanced instead. Google has partnered with various organizations to introduce AI technologies in a way that enhances worker capabilities without replacing them.

The government is also supporting the adoption of AI across the economy to drive growth and provide new opportunities for workers. Minister for AI, Feriel Clarke MP, emphasizes the importance of AI skills training to help workers thrive in the changing job market.

Public First predicts that full adoption of AI over the next six years could bring significant economic benefits to the UK, with an annual growth rate of 2.6% driven by technology alone. Google claims that using generative AI could save the average UK worker 100 hours a year, marking the biggest improvement in productivity since the introduction of Google Search.

Despite some controversies surrounding AI tools like Gemini AI, Google continues to invest in AI products and features to enhance user experiences. The company aims to revamp Google search with AI Briefs, although this has faced criticism for potentially reducing traffic to publisher sites.

Source: www.theguardian.com

Top 4 Altcoins Unveiled by Expert for 100x Portfolio Growth: Blockchain News, Opinion, TV, Jobs

Crypto experts reveal that Polkadot (DOT), Polygon (MATIC), Litecoin (LTC), and ETFSwap (ETFS) are altcoins that can offer 100x returns

A renowned crypto expert has exclusively revealed the top 4 altcoins he believes have the ability to deliver up to 100x returns.Experts recommend Polkadot (DOT), Polygon (MATIC), Litecoin (LTC), and ETFS Wap (ETFS) It has the ability to deliver 100x returns to investors who get in early, indicating significant upside potential within the crypto ecosystem.

Polkadot (DOT) is one of the top 4 altcoins

Polkadot (DOT)is a prominent open source blockchain protocol and is recognized as one of the 100x altcoins with potential for investors. The network is designed to securely connect and facilitate cross-chain transfer of data and assets, enhancing blockchain interoperability.

Aiming to establish a decentralized blockchain internet, Polkadot (DOT) is positioning itself as a key player in the evolving crypto ecosystem. Classified as a layer 0 meta-protocol, Polkadot (DOT) supports a network of layer 1 blockchains called parachains.

Currently, the DOT token price is $6.93, reflecting an increase of 3.83% in the past 24 hours, and Polkadot holds the 14th place on CoinMarketCap with a market capitalization of $9.9 billion.

Polygon (MATIC): Strengthening the scalability of cryptocurrency blockchains

Polygon (MATIC) is known for enhancing Ethereum's scalability and interoperability. Its framework improves Ether's functionality without changing its core structure. Polygon (MATIC) leverages sidechains to significantly increase the scalability of the Ethereum mainnet, reduce transaction costs, and benefit users.

Polygon has a market capitalization of $6.72 billion and remains one of the top 20 digital currencies. The potential for profit within the rapidly evolving blockchain ecosystem makes it one of the best options for investors looking to maximize their profits.

Polygon token price is currently $0.679, up 3% in the last 24 hours. Over the past year, Polygon (MATIC) has shown a notable upward trend, increasing in value by 104%.

Litecoin (LTC): 100x Altcoin Candidate Amidst Volatility

Litecoin (LTC)is a modified Bitcoin codebase launched in 2011 and containing 84 million tokens. This altcoin is known for fast transactions and is suitable for everyday use.

Litecoin (LTC), also known as “Silver Coin,” offers more reasonable fees and faster processing than Bitcoin. In two months, LTC has grown by 38% and experts believe it can break further barriers.

However, Litecoin (LTC) price has experienced significant price movements in recent weeks, resulting in a 25% decline in profits, while this week's data shows sales volumes jumped 23.89% to $372.25 million. It is shown that

ETFSwap (ETFS) Leads Altcoin with 100x Return Potential

Compared to Polkadot (DOT), Polygon (MATIC), and Litecoin (LTC), the ETFSwap (ETFS) project stands out as a more attractive investment opportunity for crypto investors. 100x return to their portfolio.

The ETFSwap (ETFS) ecosystem offers 100x return potential by providing access to a diverse range of exchange-traded funds (ETFs) across different asset classes and investment strategies through ETF tokenization. Masu.

As a DeFi project built on the Ethereum (ETH) network, ETFS Wap (ETFS) It offers users and investors a variety of opportunities within the DeFi ecosystem, including providing liquidity, participating in staking, and earning rewards.

It is a fully audited, non-KYC cryptocurrency exchange that allows investors to trade between cryptocurrencies and ETFs and vice versa without leaving the security and privacy of the blockchain. This makes the platform a leader in the blossoming real-world asset story.

The ETFSwap project includes: Raised over $1.5 million This is a very remarkable achievement in the cryptocurrency field. A private funding round raised $750,000 in a matter of hours, and a public sale raised over $500,000 in a week, highlighting the strong interest and confidence of investors.

To ensure fairness and inclusivity, the project will allocate 40% of its token supply to public pre-sale, 24% to the ecosystem, 12% to liquidity and listing reserves, and 4% to the community. Secured.

Stage 1 of the ETFSwap (ETFS) presale is currently underway and over 65 million tokens have already been sold. Price per token is $0.00854. This has caused considerable excitement among early investors as the upcoming pre-sale stage 2 is expected to increase the token price to his $0.01831.

For more information on the ETFS presale, please see below.

Access ETFSwap Presale

Join the ETFSwap community

Source: www.the-blockchain.com

Apply for Competition: Permissionless Capital Welcomes Web3 Startups

Tel Aviv, Israel, April 10, 2024, Chainwire

Web3 platform for startups, unauthorized capital invited Web3 startups to apply to the Permissionless Opportunities event. This program provides eligible Web3 startups with access to the resources they need to successfully build their concepts and bring their products to market.

Permissionless Opportunities provides great Web3 startups with the tools, funding, and connections to navigate the blockchain industry and launch their products. Signing up for a Permissionless event takes just 90 seconds and requires no fees or pitches. Dozens of startups are expected to apply for the first Permissionless Opportunities Event, after which the best applicants will be invited to join the program.

The largest event of its kind for Web3 and blockchain startups, Permissionless Opportunities gamifies the funding process and helps great companies realize their potential. The event has secured partnerships with Solana, Polygon, ImmutableX, Chainlink, Arweave, and more.

Permissionless Opportunities was designed in a game show manner with an audience participation component. Contest winners will be determined equally by a panel of expert judges and community consensus.

Winners of the Permissionless Opportunities Event will have the opportunity to pitch to over 50 leading VCs and partner with an ecosystem that will help advance their concept and provide mentoring and technical support. Other benefits include her one-on-one access to expert advisors, credits, discounts, and extensive media coverage to increase your visibility.

The program targets Web3 startups in the Defi, Infrastructure, Security, Gaming, and RWA categories, covering both B2B and B2C applications. Applications can be registered for Permissionless Opportunities from April 10th to May 1st. The program promises to shine a light on the next generation of his Web3 companies while giving the best applicants everything they need to optimize their prospects for success.

About unauthorized event events

Permissionless Opportunities is the first online event hosted by Permissionless Capital. The startup and investor network believes in equality of opportunity, regardless of a startup's connections, background, or country. Permissionless Opportunities takes the form of an online contest that Web3 startups can apply and participate in for free. Successful applicants will have the opportunity to receive grants, credit, one-on-one mentoring, and maximum media exposure.

Learn more: https://event.permissionlesscapital.io/

Contact

Nil Naamani
nir@permissionlesscapital.io

Source: www.the-blockchain.com

99Bitcoins launches pre-sale for Learn-To-Ear, raises $150,000 in debut day

New York, USA, April 12, 2024, Chainwire

99 bitcoinwas founded in 2013 and recently launched a pre-sale of its tokens to capitalize on the upward trend in Bitcoin’s value. The 99BTC team is seizing this opportunity to bring you the Earn While You Learn platform, a long-standing resource in crypto education.

What is 99 Bitcoin?

99Bitcoins has been disrupting technology concepts and welcoming new entrants to the world of cryptocurrencies for over a decade, as evidenced by the numbers on its team’s social media accounts. 700,000 YouTube followers, 16,000 Twitter followers 2 million registered users have found our 80+ hours of resources to be a great entry point for anyone wanting to learn more about cryptocurrencies.

The 99BTC token is its latest venture. The team accelerates education initiatives by bringing ‘gamification of learning’ to the platform, including exclusive access to premium content, discounts on partner products and services, a VIP community, trading signals and more when completing a course. We will reward those who do so with $99BTC and token holder events.

The 99Bitcoins team aims to attract all potential new users who are expected to enter the cryptocurrency space and explore Bitcoin in light of the upcoming halving. The event, which takes place this month, is expected to increase the number of first-time crypto enthusiasts, as confirmed by multiple surveys and leading sources. cointelegraph and coin desk.

Pioneering BRC-20: Pushing earning while you learn in a new direction

99Bitcoins is also positioning itself as a pioneer in the BRC-20 movement, a new token standard that allows developers to deploy smart contracts on top of the Bitcoin blockchain. Security and transparency are also key to this project. solid proof audit Verify that there are no potential issues or caveats in the 99Bitcoins contract.

It is worth noting that 99BTC was originally deployed as an ERC-20 token and will only be bridged to BRC-20 in Q4 2024, transferring the project’s security to the Bitcoin network.

When it comes to tokenomics (renamed Token Metrics by the team), 99Bitcoins is distributing 99BTC with a total supply of $99 billion, with the aim of remaining competitive and providing lasting sustainability.

  • 15% is allocated to presale, currently selling 99BTC for $0.001.
  • 14% on staking rewards, 2 years of rewards for stakers of $99BTC
  • 23% will be allocated to project funds
  • 17% community rewards
  • 8% to provide liquidity to exchanges
  • 23% for marketing

This tokenomics structure is coupled with an ambitious roadmap to release a beta version of the platform by the fourth quarter of this year, followed by a full version next year.

About 99 Bitcoin

99 bitcoin is an important educational resource about Bitcoin. We focus on providing information about cryptocurrencies and bringing new users into the industry. The website was founded by him in 2013 and has since expanded its knowledge base to popular blockchains and cryptocurrencies such as Litecoin, Ethereum, Cardano, and Solana.

The platform is currently introducing gamification elements into its products, allowing students to receive rewards of $99BTC in the L2E economy. The 99BTC token is also a forerunner of the BRC-20 movement, a new token standard that enables the deployment of smart contracts on the Bitcoin network.

Website I X I telegram

contact

99 bitcoin
contact@99bitcoins.com

Source: www.the-blockchain.com

WhalesNight AfterParty 2024: The Latest in Blockchain News, Opinions, TV, and Jobs

Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960, MH 96960, April 26, 2024, Chainwire

Shining moment: BloFin shines with TOKEN2049

Brofinthe fastest growing exchange platform, proudly announces its platinum sponsorship of TOKEN2049 Dubai. Limited Side Event: Whale’s Night After Party 2024. Following their previous role as Gold at TOKEN2049 Singapore and now Platinum at TOKEN2049 as his sponsor, his BloFin team continues to shine on this stage with their enthusiasm and unique dedication to serving the cryptocurrency industry. I am.

Brofin successfully sponsored TOKEN2049 Dubai, which witnessed an extraordinary gathering of industry leaders, enthusiasts, KOLs, and innovators. Brofin's participation in this prestigious event not only reaffirms the company's commitment to fostering innovation within the blockchain ecosystem, but also demonstrates the company's dedication to advancing the development of the industry. Ta.

An unforgettable night: WhalesNight AfterParty 2024

As part of the conference, BloFin hosted a highly anticipated event. Whales Night After Party 2024promises an unforgettable evening of networking and celebration.

Thanks for the attention: heartfelt thanks to our valued partners and media

BloFin would like to thank its esteemed media partners such as U.Today, BeInCrypto, CoinTelegraph MENA, Crypto.news, and Chainwire for their help in promoting this event. Additionally, BloFin would like to thank its key partners, KOLs, and participants for their solid support and participation.

Dubai Whales Night provides the BloFin team with a unique opportunity to meet users and friends.

BloFin CEO Matt shared his insights and expressed his excitement at the WhalesNight afterparty. He said, “We understand the importance of trust. We will continue to provide safe, secure, and fast services to our users.”

As we continue to expand our reach and enhance our services, Blofin remains steadfast in its mission of empowering individuals and organizations to realize the full potential of blockchain technology.

About Brofin:

As the fastest growing crypto exchange, BloFin offers a premium PERP&Futures Trading Service It boasts over 320 USDT-M trading pairs and 100x trading volume. We now offer higher quality products, including spot trading, copy trading, earnings, API access, and more. To ensure maximum security of user funds, BloFin has partnered with Fireblocks to protect user assets.

contact

Head of Marketing and Public Relations
Anio Wu
Brofin
annio@blofin.io

Source: www.the-blockchain.com

New Sponsor Boosts Sui Overflow Hackathon Funding Pool to $1 Million: Blockchain News, Opinion, TV, Jobs

Grand Cayman, Cayman Islands, April 22, 2024, Chainwire

Alibaba Cloud, AngelHack and dWallet are among the latest supporters of the global event.

Sui Layer 1 blockchain offering industry-leading performance and infinite horizontal scaling funds Sui Overflow, the first-ever global virtual hackathon focused on creating exciting products on Sui. Our offering has doubled in recent weeks thanks to donations from our loyal supporters.

Originally set at $500,000, Sui Overflow’s funding pool grew to $1,000,000 after a surge of support from outside backers. With the help of a huge reward pool, builders from all over the world come together to build projects on the Sui network and demo them in front of judges. Categories eligible for prizes include Consumer & Mobile, Infrastructure & Tools, Gaming, DeFi, and more. Developers are also encouraged to take advantage of specific technologies in the Sui ecosystem, such as zkLogin, advanced movement capabilities, randomness, and multi-chain capabilities.

Sam Blackshear, co-founder/CTO of Mysten Labs and creator of the Move smart contract language said: , Kiosks, DeepBook, and native randomness. Some of Sui’s top projects have come from previous local hackathons, so we’re really looking forward to seeing what our first global hackathon will produce.

Previous Sui-sponsored hackathons have been fertile ground for projects that started as hackathon participants to grow into sustainable businesses on the network. Scallop was launched in June 2023 at Sui’s Soul Builder House with a small team of developers who won the first place in the event. Currently, Scallop has over $117 million in its TVL and is one of the better DeFi protocols in Sui. Navi Protocol is also one of Sui’s “Hackathon Heroes”. A month after Scallop, the Navi team emerged and won the gold medal in the DeFi and Payments category of the Sui X KuCoin hackathon. Navi currently has over $130 million in TVL and is another major DeFi protocol in Sui.

In addition to the support of title sponsor dWallet Labs, the hackathon is sponsored by Elixir Capital, Alibaba Cloud, Comma3 Ventures, MoveBit, Scallop, GSR, Supra, Wormhole, AngelHack, Pyth, Ryze Labs, and ZettaBlock. The prizes awarded in each category at the Sui hackathon are as follows: First place will receive $30,000, second place will receive $15,000, and second place will receive $7,500. Ten $2,500 University Prizes and ten $2,500 Community Favorite Prizes will also be awarded during the hackathon. Additionally, contestants are not limited to a single category. Individual teams can participate in multiple tracks simultaneously, with prize pools exceeding $100,000. Additionally, many projects in the Sui ecosystem offer unique incentives, adding even more ways for great projects and great teams to benefit.

With funding doubling to $1 million, Sui Overflow participants will receive Sui Foundation acceleration grants after the hackathon, along with benefits such as audits and credits to support the successful launch of their projects. be eligible to receive it.

“Homegrown projects born out of developer meetups and hackathons like Sui Overflow are a critical part of the lifeblood that will sustain the Sui ecosystem into the future,” said Greg Siurounis, Managing Director of the Sui Foundation. “Overflow’s impact has been greatly strengthened by the overwhelming support from the Sui community, which has allowed us to expand our reward potential beyond our planned trajectory and provide prudent funding, audit credits, and, we were able to benefit the most promising projects with selected acceleration grants.”

“Sui Overflow is more than just an event. It is the launching pad for our brightest future blockchain innovators,” said Omer Sadika, co-founder of dWallet Network. “We are very proud to work with all the partners involved and look forward to seeing the results from this hackathon.”

Users can apply and developers can register Sui overflow portal Find all the more detailed information. We encourage everyone to join for regular updates. Discord server overflow.

Registration period: April 21st to May 31st

virtual demo day: June 15th.

Announcement of winners: Late June 2024

contact

Sui Foundation
media@sui.io

Source: www.the-blockchain.com

Transforming Pitch Competitions with AI Insights and Leading Web3 VCs – Blockchain News, Opinions, TV, Jobs

Paris, France, April 25, 2024, Chainwire

  • The total prize pool is over 1 million euros, including a media grant from Cointelegraph.
  • Proof of Pitch is part of Proof of Talk, which brings together all of Web3’s global leaders
  • June 10-11, 2024, Musée des Arts Décoratifs (MAD), Louvre Palace, Paris

A groundbreaking shift from traditional pitch competitions, Proof of Pitch is an innovative platform that uniquely combines the insights of artificial intelligence (AI) with the strategic acumen of the world’s leading Web3 venture capitalists. will appear. proof of pitch Participants will present to a limited audience of speakers and VCs, including CEOs, founders of leading blockchain companies, and top Web3 VC partners.

In addition to zkSync, the contest’s main sponsor, prominent partners and judges include Pantera Capital, Borderless Capital, Binance Labs, Greenfield Capital, Arrington Capital, Animoca Brands, Spartan Group, X Ventures, Mechanism Capital, and Cointelegraph. There is.

The Proof of Pitch winner will receive a grand prize worth €1 million, a combination of cash investments from participating VCs, accelerator services, visibility (including a 30,000 media grant from Cointelegraph), and many other value-adds. will be awarded. element.

All participants will also receive a detailed 12-page investment report to understand the strengths and weaknesses of their pitch, outlining strengths to focus on and weaknesses to improve. This equates to a team of analysts spending several weeks analyzing participant startups.

Zohair Dehnadi, Co-Founder and Partner, Proof of Talk, X-Ventures: “Unlike traditional pitch competitions, Proof of Pitch enables global companies and leaders to intelligently harness the power of Web3 to increase investment performance. It provides valuable and sustainable insights for homes and startups across the community, rather than another light-touch startup competition with glittering prizes that ultimately adds no real business value. Join our prestigious Proof of Pitch experience and improve yourself! See you in June!”

Revolutionizing startup valuation: The benefits of AI

The pioneering AI-powered tools at the heart of Proof of Pitch are redefining startup valuation, delivering deep and nuanced insights at an unprecedented pace. Developed by XVentures through his year-long rigorous collaboration involving top VCs and data scientists, this AI, known as the Pitch Scan LLM tool, scrutinizes a startup’s business model, conducts thorough due diligence, and analyzes ideas. You can evaluate the team behind. Understand market size and competitive landscape within minutes instead of weeks. All participants will receive a detailed 10-page report containing a strategic roadmap for success in the ever-evolving Web3 domain.

Beyond funding: Prizes that fuel growth

This initiative is an innovative approach aimed at identifying, nurturing, and promoting startups that are redefining Web3’s innovative horizons. Winning at Proof of Pitch is about more than just securing financial support. Winners will receive resources ranging from AI-powered analytics to mentorship from her Web3 visionaries, as well as direct introductions to leading venture capitalists. This comprehensive support system is designed to refine your strategy, accelerate growth, and establish market leadership.

Unprecedented visibility among the elite

You’ll be presented to a prestigious audience including CEOs, founders of leading blockchain companies, and top Web3 venture capitalists, and gain exclusive exposure by being in the top 10% of applicants. This exposure is more than just name recognition, it’s the golden ticket to attracting the attention of industry elites, securing significant investment, and forging transformative connections.

Vanguard’s Call to Web3 Innovators

Proof of Pitch seeks startups at the cutting edge of Web3 innovation to outwit industry giants, venture on the cutting edge of technology, and stake their claim on the digital future. This unique opportunity allows participants to showcase their visionary ideas, advance their startups, and create a lasting impact in the field of digital innovation.

Proof of Pitch invites anyone interested to jump into this revolutionary journey to transcend traditional pitch standards. Web3 Navigate the front lines of innovation.

Proof of Talk aims to welcome over 2,500 participants. The summit features impact-driven networking and a sophisticated agenda, coupled with an impressive lineup of speakers featuring CEOs, founders, and leaders from the Web3 and digital asset industries. Speakers include:

● Joseph Rubin, ConsenSys CEO and Founder

● Jenny Johnson, CEO of Franklin Templeton

● Tim Draper, Founder of Draper Associates

● Ophelia Snyder, 21Shares Co-Founder President

● Mihailo Bjelic, Polygon co-founder

● Raul Pal, Crypto Macro Economist

● Mr. Yat Siu, Chairman of Animoca Brands

● Avara CEO Stani Kulechov

● Staci Warden, Algorand Foundation CEO

● Tim Grant, CEO of Deus X Capital

● Leading digital assets from over 30 major TradFi banks

● Partners from over 100 participating VCs

The Summit’s agenda also actively reflects the growing importance of Web3, with over 20 panels, 10 workshops, and 10 keynotes and hearths on important topics shaping the future of Web3. will be carried out. These include the tokenization of real-world assets, AI & blockchain integration, gaming evolution, and smart contract security.

Attendees at this year’s Proof of Pitch will have the opportunity to showcase their innovative ideas and gain valuable information. Attendees will have the opportunity to connect with industry experts and potential investors who can help take their business to the next level. If you are interested, please apply here.

About proof of talk

Proof of Talk is setting a new standard in the Web3 conference world, establishing itself not just as another Web3 conference, but as a pivotal forum where the promise of decentralization is realized. This summit uniquely combines the essence of a traditional economic forum with the dynamic decentralized Web3 community, fostering an innovative ecosystem of dialogue and action. It stands as a platform for change, where every voice, from experienced economists to radical he Web3 founders, contributes to a collective vision for the future of the decentralized economy. Participants will shape this new landscape by fostering engaging discussions and unparalleled networking. Learn more about www.proofoftalk.io

About X Ventures

X Ventures is a Germany-based digital asset investment fund dedicated to supporting and empowering entrepreneurs in the Web3 industry. Alongside its investment activities, X Ventures founded www.xschool.io with the aim of providing accessible education to future leaders around the world. Website: https://www.xventures.de

contact

Shanna Molina
cognito
shanna.molina@cognitomedia.nl

Source: www.the-blockchain.com

New Sponsor Boosts Sui Overflow Hackathon Funding Pool to $1 Million – Blockchain News, Opinion, TV, Jobs

Grand Cayman, Cayman Islands, April 22, 2024, Chainwire

Alibaba Cloud, AngelHack and dWallet are among the latest supporters of the global event.

SuiLayer 1 blockchain that delivers industry-leading performance and infinite horizontal scaling funds Sui Overflow, the first-ever global virtual hackathon focused on creating exciting products on Sui Our offering has doubled in recent weeks thanks to donations from our loyal supporters.

Originally set at $500,000, Sui Overflow's funding pool grew to $1,000,000 after a surge of support from outside backers. With the help of a huge reward pool, builders from all over the world come together to build projects on the Sui network and demo them in front of judges. Categories eligible for prizes include Consumer & Mobile, Infrastructure & Tools, Gaming, DeFi, and more. Developers are also encouraged to take advantage of specific technologies in the Sui ecosystem, such as zkLogin, advanced movement capabilities, randomness, and multi-chain capabilities.

Sam Blackshear, co-founder/CTO of Mysten Labs and creator of the Move smart contract language said: , Kiosks, DeepBook, and Native Randomness. Some of Sui's top projects have come from previous local hackathons, so we're really looking forward to seeing what our first global hackathon will produce. ”

Previous Sui-sponsored hackathons have been fertile ground for projects that started as hackathon participants to grow into sustainable businesses on the network. Scallop was launched in June 2023 at Sui's Soul Builder House with a…sumers are not limited to a single category. Individual teams can participate in multiple tracks simultaneously, with prize pools exceeding $100,000. Additionally, many projects in the Sui ecosystem offer unique incentives, adding even more ways for great projects and great teams to benefit.

With funding doubling to $1 million, Sui Overflow participants will receive Sui Foundation acceleration grants after the hackathon, along with benefits such as audits and credits to support the successful launch of their projects. be eligible to receive it.

“Homegrown projects born out of developer meetups and hackathons like Sui Overflow are a critical part of the lifeblood that will sustain the Su…ns, we were able to benefit the most promising projects with selected acceleration grants.”

“Sui Overflow is more than just an event. It is the launching pad for our brightest future blockchain innovators,” said Omer Sadika, co-founder of dWallet Network. “We are excited and honored to work with all partners involved and look forward to the results from this hackathon.”

Users can apply and developers can register Sui overflow portal Find all the details. We encourage everyone to join for regular updates. Discord server overflow.

Registration period:April 21st to May 31st

virtual demo day: June 15th.

Announcement of winners: Late June 2024

contact

Sui Foundation
media@sui.io

Source: the-blockchain.com

Is SHIBA INU or PEPE COIN the Next Big Success Stories? – Latest News, Expert Analysis, Jobs in Blockchain

Written by Enoch Muthembei

The virtual currency market has been in a bullish trend recently, and BEFE among Pepecoin and Shiba Inu is not left behind. These cryptocurrencies are currently in a bull market, with investors worried they may have missed a meteor.

Befe, a meme coin inspired by Pepe Coin’s frog meme. This cryptocurrency will debut on the market in November 2023, following in the footsteps of SHIBA INU and PEPE coins. Here, we explore the upward trajectory of BEFE coin, which shows success like PEPE coin and SHIBA INU.

BEFE coin price soaring

As of this writing, the price of BEFE meme coin is $0.0004294. This price shows a positive trajectory of +5.63% for the day.

BEFE unnamed

BEFE/USDT price on March 20th 17:33 UTC (Image source: TradingView)

According to the data, the coin has been trading with a volume of $375,104.19 in the past 24 hours, giving it a market cap of $43.76 million. coin market cap.

Although the bull market is still in its infancy, this token has taken center stage among other tokens that have hit new highs over the past few weeks.

What’s behind BEFE’s price hike?

One of the factors driving BEFE’s recent price movement is the bullish market in Pepecoin and Shiba Inu Bitcoin. Bitcoin’s bull run has caused turmoil throughout the crypto industry and has had ripple effects on several other cryptocurrencies, including BEFE.

Another factor contributing to the bull market is its simplicity and cross-platform trading ability. Befe Technology infrastructure.

Future price prediction

BEFE’s market performance speaks volumes compared to PEPE Coin and SHIBA INU due to the significant price increase in recent months. This coin currently has high buy market sentiment similar to Pepe Coin and Shiba Inu. Experts predict that the cryptocurrency is poised for explosive growth similar to what was seen in the past with Pepecoin and Shiba Inu.

However, this futuristic price trajectory is based on factual market trends, not just a fad. Moreover, BEFE holders and investors expect this coin to be listed on Binance next to Pepecoin and Shiba Inu in the near future.

From Meme to Mainstream

BEFE Crypto goes beyond classic meme coin speculation and is no longer just a meme coin. This token combines purpose and utility, a unique combination that sets it apart from PEPE Coin and SHIBA INU. Due to this, virtual currencies are attracting a lot of attention among investors.

If you’re considering investing in Pepe Coin, Shiba Inu or BEFE cryptocurrencies, it’s not just a matter of buying due to the hype. That means investing in cryptocurrencies that promise high performance in the market, whether it’s Pepecoin, Shiba Inu, or BEFE. But always do a DYOR before investing.

Source: the-blockchain.com

When will the current Bitcoin bull run peak based on its early characteristics? – Blockchain News, Opinion, TV, Jobs

Mateo Greco, Research Analyst, Listed Digital Assets and FinTech Investment Business Finekia International (CSE:FNQ).

Bitcoin (BTC) ended the week at around $68,400, down just 0.8% from the previous week’s closing price of around $69,000. Throughout the week, BTC showed significant volatility, with a price range of 13.4%. The week started off strong with BTC surging to $72,000 on Monday. It then peaked above $73,000 on both Wednesday and Thursday, before reaching an all-time high of nearly $73,800 on Thursday.

Also on Thursday, BTC plummeted to $68,000 before rebounding to close around $71,400. Selling pressure continued on Friday and Saturday, with BTC falling to $64,700 before closing near $65,300 on Saturday. However, positive momentum returned on Sunday, nearly reversing weekly losses and closing at around $68,400.

Despite the volatility and price changes, the past week demonstrated continued strong momentum for the BTC Spot ETF, with net inflows recorded on every trading day. Net inflows for the week exceeded $2.5 billion, with net inflows exceeding $1 billion on Tuesday alone. Cumulative net inflows since its inception are currently approximately $12.2 billion.

BTC spot ETF trading volume is also on the rise, with total trading volume reaching $141.7 billion since inception, including around $28 billion in trades last week. This took his daily trading volume past his $5.5 billion mark last week, and his average daily trading volume has increased since its inception, now sitting at around $3.15 billion.

These numbers confirm that investment momentum from traditional finance to the digital asset space continues. Despite BTC price stabilization last week, demand is primarily coming from ETFs, while native digital asset investors are more active on the short side.

This trend is noticeable in the decline in BTC held by long-term holders, which refers to BTC that has not moved for at least 155 days. At the beginning of 2024, this supply was approximately 16.3 million BTC, but has gradually decreased and currently stands at approximately 15.1 million BTC. While this shift reflects traditional investors driving purchasing activity through ETFs, native digital asset investors who accumulated during the downtrend in 2022 and 2023 are now seeing higher profit-taking rates. The supply of long-term holders is decreasing.

Such behavior is characteristic of early bull phases, when long-term holders distribute assets to new investors. Analyzing past cycles, if the current market is trending up, this pattern is likely to continue until supply from long-term holders matches demand from new investors, which typically occurs at the peak of the cycle. coincides with the beginning of the downtrend phase.

Notably, BTC’s halving is approximately 1 month later, whereas previous cycles’ peaks have historically been 6 to 12 months later. If past patterns repeat, the peak of the current cycle could occur in late 2024 or early 2025.

Source: the-blockchain.com

Public Mainnet Launch by Nibiru Chain Includes Listings on Four Major Exchanges: Blockchain News, Opinion, TV, Jobs


Tortola, British Virgin Islands, March 12, 2024, Chainwire

Nibiru Chain, a developer and user-centric Layer 1 platform, has officially launched its public mainnet. Nibiru Chain stands out by providing a secure and efficient environment for building high-performance decentralized applications. It features a robust smart contract ecosystem that provides superior throughput and unparalleled security, making it the go-to platform for builders of gaming, real-world assets (RWA), NFTs, DeFi, and more.

Empowering users with a rich ecosystem

At launch, Nibiru Chain will offer a wide range of features to the community and prospective builders. Users can participate in staking with NIBI validators and participate in decentralized governance. Nibiru Chain also introduces competitive Web3 gaming through: chess 3, players can learn the game of chess and participate in tournaments hosted by communities, streamers, or brands to earn rewards. Additionally, Nibiru Chain supports NFT minting and trading. drop space protects the “.nibi” namespace through Nibiru ID and provides real estate opportunities. coded assets.

Nibiru Chain rewards developers with a portion of transaction fees from smart contracts, fostering innovation by providing built-in value generation. In addition to providing developers with tools to build applications, Nibiru Chain introduces a super chain that includes perpetual, spot, swap, and stablecoin functionality. These features provide huge opportunities for dApps to expand and integrate with DeFi. The Super Chain initiative aims to provide a seamless retail trading and investment experience and is designed to serve users across over 40 blockchains.

Nibiru’s strategic vision for 2024

Nibiru Chain’s major initiatives include the rollout of the Genesis NFT collection and expansion into the APAC region, initially focused on South Korea, China, India, Japan, Vietnam, and Thailand. Central to Nibiru Chain’s mission is the initiation of parallel optimistic execution that enables the simultaneous processing of multiple independent transactions.

The launch of Nibiru Chain marks a major step towards increasing blockchain scalability by bridging gaps across the blockchain landscape. Nibiru is designed to remove barriers that have isolated applications and users within the ecosystem and provide both users and developers with an intuitive and easy entry point to a more fully connected Web3. Masu.

Additionally, Nibiru Chain plans to announce details of an upgrade that will enable full compatibility of the Ethereum virtual machine and ensure further interoperability with Ethereum-based dApps. This integration lowers the barrier to entry for Ethereum developers and facilitates a smooth transition to Nibiru Chain’s more efficient and cost-effective Layer 1 solution, making the cryptocurrency more accessible to the general public and more user-friendly. Be friendly.

About Nibiru

Nibiru Chain is a breakthrough L1 blockchain and smart contract ecosystem with superior throughput and unparalleled security. Nibiru aims to be the most developer-friendly smart contract ecosystem, by innovating at each layer of the stack: dApp development, infrastructure, consensus, comprehensive development toolkit, and value generation. We will lead the way towards the mainstream introduction of

Website | twitter | linkedin | telegram | discord

contact

PR/media inquiries
media@nibiru.org

Source: the-blockchain.com

Sam Bankman, former CEO of FTX, to be sentenced; Family requests mercy – Blockchain News, Opinion, TV, Jobs

Written by Enoch Muthembei

As former FTX CEO Sam Bankman Fried's sentencing date approaches, an unexpected source has emerged: a plea for clemency from his own family. In a recent filing in the U.S. District Court for the Southern District of New York, SBF's attorneys submitted 29 letters of support, including heartfelt nominations from his mother, father, and siblings.

Barbara Freed, Joseph Bankman, and Gabriel Bankman Freed, the 31-year-old former CEO's mother, father, and brother, all wrote a letter to Judge Lewis Kaplan, expressing SBF's background, personality, and Shedding light on contributions to society. FTX. SBF was convicted of seven felonies, but his family has fervently asked for a lenient sentence, stressing that his life behind bars could have been wasted.

In the letter, Gabriel Bankman Freed said, “Sam made a mistake, but his life will be wasted if he goes to prison. He has a great gift to offer the world.” The family's petition is based on the belief that SBF's talents and abilities could be better utilized outside of prison.

Unlike a trial, the sentencing stage allows personal appeals by friends and family. Judge Lewis Kaplan is scheduled to decide Bankman-Fried's prison term on March 28. Speculation about the possible sentence varies, with experts suggesting a range of 15 to 25 years. However, unless there are special circumstances, it is unlikely that he will be sentenced to a maximum of around 110 years in prison.

SBF's father, Joseph Bankman, expressed concern about the physical danger his son could face in prison and warned of a “draconian sentence”. He highlighted the difficulty of SBF in responding to societal demands and urged courts to consider alternative sentencing options. Joseph Bankman said SBF prioritized repaying investors and minimizing allegations of lavish spending before his arrest.

In a comprehensive letter, Barbara Freed detailed SBF's desire to help others from her childhood to her time in prison. She highlighted his commitment to coaching his fellow inmates for the GED exam. Fried urged Judge Kaplan to consider his son's poor response to social cues and expressed that his son has been “stricken with remorse” since the incident. The collapse of FTX In November 2022.

Reactions regarding Bankman Freed's family seeking pardon

The letter written by Bankman's family downplays the impact of FTX's collapse on investors and Bankman Freed's role in the fraud. Reaction on social media was mixed, with some users criticizing the plea for leniency and comparing it to other lawsuits, including: billy mcfarland A scene from the fire festival.

One user, Kyle Gibson, said: “Those who are writing letters asking for leniency in the SBF sentence are wondering what Fyre Festival's Billy McFarland is doing now and how he is in prison. You should look at how much rehabilitation he has undergone.” Mr Gibson expressed skepticism about SBF's rehabilitation potential and suggested he would return to his previous activities upon release.

Bankman Fried's defense team has recommended a sentence of 63 to 78 months, and prosecutors are scheduled to present their recommendation on March 15. Bankman Freed will celebrate his 32nd birthday on March 6, which will be his first birthday in prison since he was released on bail. The impending sentencing remains a pivotal moment for the former FTX CEO and those following the case closely.

Source: the-blockchain.com

Green Bitcoin presale reaches $1 million while Bitcoin hits near all-time high – Blockchain News, Opinion, TV, Jobs

London, UK, February 29, 2024, Chainwire

Environmentally friendly virtual currency project green bitcoin More than $1 million was raised during the limited-time presale phase.

With an innovative gamified staking model and energy-efficient foundation, Green Bitcoin offers token holders a way to stake their tokens and generate revenue.

Gamified staking model offers a unique way to earn money

Green Bitcoin’s gamified staking model has a unique twist that allows token holders to attempt to predict Bitcoin’s daily price movements, and if successful, they receive a reward based on their accuracy and staking size. You can earn different rewards.

This system resets daily, ensuring continuous engagement.

Unlike common staking protocols with fixed yields, Green Bitcoin’s model offers dynamic yields.

As outlined in green bitcoin white paper the project has allocated over 27% of its total token supply to staking rewards, ensuring a huge amount of incentives for accurate BTC price prediction.

This pool of funds will be distributed over two years.

Green Bitcoin raises over $1 million as crypto market rapidly grows

Based on the revival of the cryptocurrency market, green bitcoin presale has crossed the $1 million mark and is offering discounted tokens to potential investors.

Unlike typical pre-sale setups, the team at Green Bitcoin encourages long-term holding by allowing users to immediately stake their purchased tokens.

Coinsult, a reputable blockchain security company, audited Token smart contract.

According to the company, there is growing interest in the project on Green Bitcoin’s social channels. of the project telegram groups I have seen growth over the past week. green bitcoin twitter account The number of followers has increased to 3,400.

Green Bitcoin is also featured in YouTube videos named: crypto boy praised its “Predict-to-Earn” model.

About Green Bitcoin

Green Bitcoin is a new crypto project on the Ethereum chain that offers a greener and more sustainable alternative to Bitcoin, as well as innovative “earn predictions” including staking rewards and weekly challenges for holders provide the element.

The Green Bitcoin Project was launched in late 2023 with a pre-sale hard cap goal of $7 million and has raised over $1 million to date. Smart contracts are audited by Coinsult.

Users can access Green Bitcoin Presale here

Green Bitcoin is the source of this content. This press release is for informational purposes only. This information does not constitute investment advice or investment recommendations.

contact

green bitcoin
contact@greenbitcoin.xyz

Source: the-blockchain.com

Creating an ERC-404 NFT Space City – The Latest in Blockchain News, Opinions, TV, and Jobs

Singapore, Singapore, February 29, 2024, Chainwire

binary x Today we announced the long-awaited launch of our first product Initial game offering This year's (IGO), project matthew. Project Matthew is a space-building simulation game that lets players experience what it's like to work in space. It is officially known in-game as Planet Matthew. In the game, players work not as astronauts but as builders and engineers who make space habitable for new civilizations.

Own ERC-404 NFT tokens and exchange them for in-game lands

Players have the opportunity to own the split ERC-404 NFT This can translate into ownership of land, weapons, and other materials in the game. ERC-404 tokens provide users with sufficient liquidity while opening up various possibilities for future ownership, such as shared ownership of land, buildings, and resources.

The game is expected to encourage collaboration and a sense of community, opening up the game to a wider audience, without compromising the exclusivity of in-game NFT ownership, through its innovative use of ERC-404 tokens. Masu.

The Story of Project Matthew: A Space-Building Simulator

Humanity has discovered a not-too-distant planet called Matthew that may be habitable. As a pioneer of space life, players will design and manage their own industrial plants, mine resources, build robots to help work in the plants and fight other intergalactic forces, and build their own space cities. You will have the opportunity to build. From the root.

lead a virtual army

Players can recruit an army of robots with different skills and abilities to challenge their enemies on the battlefield and earn huge rewards. Battlefields are divided into different levels of difficulty. The more difficult the level, the bigger the reward.

explore the universe

Exploration is one of the main ways to obtain rewards and resources in Project Matthew. Gameplay includes a collection of nearby and distant planets waiting to be explored.

“Project Matthew is the first IGO project for the first half of 2024. We wanted to give players the opportunity to experience living and working in space. Julio, Head of Investments at BinaryX. We are ready to support high-end games on the IGO platform.”

Users can join IGO here

About BinaryX

BinaryX is a leading Web3 gaming platform dedicated to creating immersive and engaging gaming experiences, including: i hero and pancake mayor,

Built on the BSC chain, BinaryX leverages the latest technologies in blockchain and AI to give over 100,000 players ownership of in-game assets, participation in the decision-making process, and the true potential of Web3 games. provides a unique opportunity to experience

For more information and information about BinaryX, please visit: www.binaryx.pro

Users can stay updated on social media. binary x | twitter | discord | telegram | YouTube | Moderate

contact

Cola
marketing@binaryx.pro

Source: the-blockchain.com

Blockchain News, Opinion, TV, and Jobs Raises $3.1M in Just 6 Days

London, UK, February 21, 2024, Chainwire

Bitcoin Dogs raised a total of $3.1 million in the first six days of its historic presale. The project's BRC-20 token, 0DOG, is the first-ever ICO on the Bitcoin blockchain.

Bitcoin dog Leveraging the recent Ordinals protocol to break new ground in the Bitcoin ecosystem, the team plans to launch a 10,000-strong NFT collection later this year.

The opportunity to be a part of history is a key selling point for the brand, which is no doubt boosted by the token price increasing every three days until the pre-sale ends on Friday, March 15th, after which the token will be available for trading.

Within 6 days, the Bitcoin dogs X community has over 80,000 followers and an additional 145,000 people actively discussing the project. Telegram community.

Bitcoin Dogs (0DOG) is available on the official website Website.

Future path for Bitcoin dogs

Beyond the historic ICO that launched the 0DOG token, Bitcoin Dogs has a very comprehensive roadmap: White paper consisting of a new Play-to-Earn game and one of the largest Bitcoin NFT collections ever.

Retro 8-bit graphics bring the world of Bitcoin Dogs to life, subtly echoing early NFT collections like CryptoPunks and classic pet simulator games like Tamagotchi.

Gameplay is tightly integrated with social media, a mechanism aimed at building community and bringing the game to a wider audience. By sharing their progress, players have the opportunity to earn in-game currency, which they can use to compete against other players in gruesome races and canine-themed competitions.

0DOG price factors

Bitcoin Dogs' success can be attributed to a number of factors, including strong project fundamentals, a resurgence in the Bitcoin-led cryptocurrency market, and a strong value proposition.

Bitcoin Dogs offers specific products such as: Games and NFT collections On the horizon. The project roadmap is also clear, with a long-term strategy to maintain interest beyond the ICO.

The ICO itself is also an important selling point. Being the first pre-sale for Bitcoin-based tokens has attracted a large number of buyers, and the short 30-day period is encouraging potential buyers to participate early. This momentum increase can also be caused by the 3-day price increase.

The project's proximity to Bitcoin is also likely to be a boon. Bitcoin will rise in value in 2024, stabilizing above $50,000 at the time of writing ahead of the next halving scheduled for April.

including media Cointelegraph The broader market could also benefit from predicting new highs after the halving, which would put Bitcoin Dogs in a good position to benefit from Bitcoin's slipstream.

Additionally, the BRC-20 token standard (which allows new cryptocurrencies to be deployed on and secured by the Bitcoin blockchain) has been making waves since its announcement in 2023. His BRC-20 projects such as ORDI and ORNJ achieved 3,000% rallies and 677% each.

Bringing this possibility to the forefront, Bitcoin dog We aim to become a strong candidate to carry the torch of BRC-20. With only 23 days left, time is running out for the long-awaited public trading to begin.

About Bitcoin Dog

Bitcoin Dogs is breaking new ground in the Bitcoin ecosystem. For the first time ever, NFTs, games, and a new type of token come together to deliver the first ICO on the original Bitcoin blockchain. Bitcoin's true permissionless immutability has been leveraged to create the 0DOG token, and a play-to-earn (P2E) gaming experience and NFT collection has been developed exclusively for his 0DOG holders.

For more information (0DOG) users please visit Bitcoin Dogs. Website.

Website | White paper | Social

Contact

Bitcoin dog
Bitcoin Dogs Team
pr@bitcoindogs.club

Source: the-blockchain.com

Kadena SpireKey Teams Up with WebAuthn for Smooth Web3 Interactions: Blockchain News, Opinion, TV, Jobs

New York City, NY, February 16, 2024, Chainwire

Kadena SpireKey is a human-friendly and secure way to seamlessly interact with any application by eliminating complex signing processes.

Kadena Spire Key

“Unlike today’s complex Web3 wallets that require you to remember every wallet you’ve ever created, Kadena’s SpireKey uses WebAuthn, a technology developed by Google and Apple over the past 20 years, to Make digital assets securely available to anyone directly on their phone or computer. It’s as easy as receiving a prompt on your mobile device and providing your fingerprint as a signature. Family Holiday Dinner Even your uncle who asks you about cryptocurrencies every time can do it. Kadena makes the application accessible to everyone, whether you’re an experienced “degener” or someone new to blockchain. said Mike Herron, CMO of Kadena.

SpireKey creates seamless interactions between humans and technology, delivering Web2 experiences with Web3 innovations. SpireKey allows users to sign transactions and their Web3 applications, just like it works with Apple Pay and Google Pay. However, it can be run directly on the user’s device without opening multiple windows or copying and pasting key pairs, eliminating potential vulnerabilities found in traditional wallets.

Enhanced security with built-in multisig

“Multi-sig signatures built into Kadena enable an additional layer of security for SpireKey, which can only be provided through our proprietary language, Pact. With multi-signatures, SpireKey allows For example, if you’re transferring more than $10,000, you can set a parameter to require signatures from three different devices: your phone, your laptop, and your cold storage wallet. Because a malicious attacker would need access to three devices, multisig functionality reduces the risk of your account being compromised. This reduces the risk of alternative attack vectors and increases overall security. “Stuart Popejoy, co-founder and CEO of Kadena, said:

SpireKey represents how Kadena thinks about the level of usability that Web3 technology should have. At the heart of SpireKey is connecting humans and allowing them to interact with blockchain. SpireKey believes that by showing real-life examples, she can get everyone equally interested in how Spirekey can impact the world beyond her Web3. Masu.

About Kadena

Kadena is a blockchain technology protocol founded in 2017 by Stuart Popejoy and Will Martino. Kadena is the industry’s only scalable layer 1 proof-of-work (PoW) blockchain. This scalability allows Kadena to provide infrastructure-grade performance for any blockchain project. Along with Kadena’s proprietary smart contract language, Pact, Kadena’s platform provides the world with the tools and environment to turn ideas and ambitions into reality. Founded by Stuart Popejoy and William Martino, who developed JPMorgan’s first blockchain and headed the SEC’s Crypto Committee, Kadena aims to enable mass adoption of true blockchain. .

For more information, users can follow Kadena’s information. twitter | telegram | discord | YouTube

contact

Kadena Press
press@kadena.io

Source: the-blockchain.com