NFTs are on a clear collision course with artificial intelligence, which will in theory unlock all sorts of new utilities, including AI-driven avatars that can hold conversations. However, because few people understand how this type of AI works, it’s alarmingly easy to hoodwink buyers. Recently, a handful of so-called smart or intelligent non-fungible token projects […]
How ‘Intelligent’ NFTs Raise Some Red Flags
Most Influential 2021: Robert Leshner
Good morning. Robert Leshner has built one of the essential cornerstones of decentralized finance (DeFi) with Compound, a lending protocol. This year, Compound Treasury launched, providing a pathway for non-crypto financial institutions to earn yields in the rapidly expanding “institutional DeFi” sub-sector. That’s important. As are the series of investments Leshner has made in fledging […]
Presenting CoinDesk’s Most Influential 2021
It was a massive year for crypto: Twelve months when long-held theses were validated and many once sci-fi concepts became relatively mainstream. Celebrities embraced NFTs (non-fungible tokens), and DAOs (decentralized autonomous organizations) became a thing. The U.S. Congress taxed crypto (but accepted it more and more). And the markets … well, they were nuts. “Crypto” […]
McDonald’s McRib NFT Project Links to Racial Slur Recorded On Blockchain
One of the problems with the recent phenomenon of food brands getting into NFTs is that food is actually quite different from NFTs. If you’re a business that’s really good at, like, nailing the economics of mass-producing hamburger meat, there’s no guarantee you’re going to have the same success peddling tokens on a blockchain. Take […]
Market Wrap: US Inflation at 39-Year High Fails to Buoy Bitcoin
Bitcoin’s price swung from gains to losses and back to gains on Friday after a key U.S. inflation report showed consumer prices rose in November at their fastest pace in 39 years. The market fluctuations left bitcoin on track for its fourth straight weekly decline, and the starry-eyed forecasts of $100,000 by year end – […]
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