Lifeboat Foundation

Parcels on Satoshi Island will be sold as NFTs.

Over 50,000 people have applied to live there so far.

1. No capital gains tax.
2. No withholding tax.
3. No death tax.

A group of crypto enthusiasts bought a 1.1-square-mile private island between Australia and Fiji which is part of the republic of Vanuatu — to be renamed Satoshi Island. Parcels on Satoshi Island will be sold as NFTs.

Over 50,000 people have applied to live there so far.

1. No capital gains tax.
2. No withholding tax.
3. No death tax.

For self-driving cars and other applications developed using AI, you need what’s known as “deep learning”, the core concepts of which emerged in the ’50s. This requires training models based on similar patterns as seen in the human brain. This, in turn, requires a large amount of compute power, as afforded by TPUs (tensor processing units) or GPUs (graphics processing units) running for lengthy periods. However, cost of this compute power is out of reach of most AI developers, who largely rent it from cloud computing platforms such as AWS or Azure. What is to be done?

Well, one approach is that taken by U.K. startup Gensyn. It’s taken the idea of the distributed computing power of older projects such as SETI@home and the COVID-19 focussed Folding@home and applied it in the direction of this desire for deep learning amongst AI developers. The result is a way to get high-performance compute power from a distributed network of computers.

Gensyn has now raised a $6.5 million seed led by Eden Block, a web3 VC. Also participating in the round is Galaxy Digital, Maven 11, Coinfund, Hypersphere, Zee Prime and founders from some blockchain protocols. This adds to a previously unannounced pre-seed investment of $1.1 millionin 2021 — led by 7percent Ventures and Counterview Capital, with participation from Entrepreneur First and id4 Ventures.

Decentralizing talent

More than 50 million creators are driving their own economy of talent, attracting in excess of $800 million in venture capital. Such figures are but a shadow of what they can become later, as new venues are rapidly becoming available.

The development of blockchain technologies has resulted in a sweeping revolution across financial markets, empowering individuals instead of institutions and channeling ownership of data and funds to their holders. The qualities of the blockchain — immutability, full transparency and the trustless nature of operations — have permeated many industries, swooning the balance of business orientation from centralized corporate reliance to decentralization. This shift in the basic concepts that govern relations between participants to transactions, facilitated by smart contracts, has not gone unnoticed in the creator economy.

Danish architecture studio BIG has designed its first building in the metaverse, a virtual office for employees at media company Vice Media Group called Viceverse.

The recently opened Viceverse office is located on the Decentraland platform, where it will serve as the agency’s virtual innovation lab and allow employees to work in the metaverse on Non Fungible Tokens (NFTs) and other digital projects.

Almost everyone is familiar with these terms, but not everyone knows what they really are.

Unless you’ve been living under a rock for the last few years, or live in some remote location on Earth, chances are you’ve heard the terms cryptocurrency and NFT. But, in your heart of hearts, do actually know what they are?

If not, then we highly recommend spending a few minutes of your day disentangling these commonly quoted terms. Your very future may, or may not, depend on it! you’ve ever wanted to know the difference between NFTs and cryptocurrencies, then we recommend you check out this brief guide.

Bitcoin and cryptocurrencies have been pushed into the spotlight over the last week as global financial sanctions on Russia come into force.

Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the latest crypto price crash

The bitcoin price had bounced higher on expectations sanctioned Russians could turn to bitcoin and crypto but fell back as following comments from Fed chair Jerome Powell.

Since their inception, blockchain-enabled consortia became a popular tactic among organizations looking to streamline their business processes and reduce operating costs, but that was before Web3.