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Vitalik Buterin endorses TiTok AI for onchain image storage

TiTok AI, a new method for efficient onchain image compression, could be a useful tool for blockchain applications.

Ethereum co-founder Vitalik Buterin has endorsed the new Token for Image Tokenizer (TiTok) compression method for its potential blockchain application.

Not to be confused with the social media platform TikTok, the new TiTok compression method significantly reduces image size, making it more practical for storage on the blockchain.

Buterin highlighted TiTok’s blockchain potential on the decentralized social media platform Farcaster, stating “320 bits is basically a hash. Small enough to go on chain for every user.”

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The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

Proof-of-Stake Blockchain Leapfrogs Decentraland To Become Crypto’s Top NFT Project for Development: Santiment

Proof-of-Stake Blockchain Leapfrogs Decentraland To Become Crypto’s Top NFT Project for Development: Santiment

A proof-of-stake blockchain leapfrogged the Ethereum (ETH)-based virtual reality platform Decentraland (MANA) to become the top non-fungible token (NFT)-related crypto project in terms of development activity, according to the analytics platform Santiment. Santiment notes that Flow (FLOW), a layer-1 permissionless blockchain, registered 190.77 notable GitHub events in the past 30 days, compared to 144.9 for […]

The post Proof-of-Stake Blockchain Leapfrogs Decentraland To Become Crypto’s Top NFT Project for Development: Santiment appeared first on The Daily Hodl.

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

Study: Ordinals and Runes Reach $1 Billion Market Cap

Study: Ordinals and Runes Reach  Billion Market CapIn a significant milestone for Bitcoin-based non-fungible tokens (NFTs), the combined market capitalization of popular collections such as Ordinals and Runes has surged past $1 billion, according to Coingecko. This growth is underscored by increasing trading volumes and user adoption, signaling a robust expansion within the Web3 sphere. Report Reveals Emerging Dynamics in Bitcoin Ordinals […]

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

Bitcoin.com’s Verse Voyager NFT Collection Sells Out

Bitcoin.com’s Verse Voyager NFT Collection Sells OutIn a landmark event for the Bitcoin.com Verse community, the Verse Voyager NFT collection has completely sold out. This achievement underscores the growing interest and enthusiasm in the decentralized finance space and highlights Bitcoin.com’s commitment to innovation and community engagement. “In a market overwhelmed by speculative meme coins, the success of our first NFT collection […]

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

South Korean Regulator Excludes Certain NFTs From Crypto Regulations

South Korean Regulator Excludes Certain NFTs From Crypto RegulationsSouth Korea’s top financial regulator has issued guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets. This distinction aims to minimize the risk of widespread user harm. The guidelines will be part of the Virtual Asset User Protection Act, effective July 19, 2024. FSC Issues New NFT Classification Guidelines On Monday, South Korea’s top […]

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

DOJ and FBI Unveil Charges Against 3 UK Nationals in NFT Rug Pull Scam

DOJ and FBI Unveil Charges Against 3 UK Nationals in NFT Rug Pull ScamThe U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) have unveiled charges against three UK nationals for a fraudulent non-fungible token (NFT) scheme involving “Evolved Apes,” promising a game development. “They allegedly took investor funds, never developed the game, and pocketed the proceeds.” US Charges 3 UK Nationals in NFT Rug […]

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

Vitalik Buterin Crticizes Celebrity Memecoin Trend, Calls for Use Cases Other Than Enriching Founders

Vitalik Buterin Crticizes Celebrity Memecoin Trend, Calls for Use Cases Other Than Enriching Founders

Ethereum (ETH) co-founder Vitalik Buterin is calling out the celebrity memecoin trend, saying that digital assets need other use cases than simply enriching founders and early adopters. In a new thread on the social media platform X, Vitalik Buterin tells his 5.3 million followers that he’s unhappy with this cycle’s trend of celebrities experimenting with […]

The post Vitalik Buterin Crticizes Celebrity Memecoin Trend, Calls for Use Cases Other Than Enriching Founders appeared first on The Daily Hodl.

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

Dapper Labs Secures Favorable Settlement in Class Action Lawsuit Involving NBA Top Shot NFTs

Dapper Labs Secures Favorable Settlement in Class Action Lawsuit Involving NBA Top Shot NFTsDapper Labs, a blockchain technology and digital collectibles company, has reached a favorable settlement in the legal case Friel vs. Dapper Labs, establishing that NBA Top Shot Moments are not securities. The company emphasizes that this significant ruling clarifies the legal status of digital collectibles and ensures the continued decentralization of the Flow blockchain. Dapper […]

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

Bitcoin Blockchain Records $3.82 Billion in NFT Sales, Secures Fourth-Largest Spot

Bitcoin Blockchain Records .82 Billion in NFT Sales, Secures Fourth-Largest SpotSince the launch of Ordinal inscriptions, Bitcoin-based non-fungible tokens (NFTs) have proliferated, with the blockchain documenting $3.82 billion in NFT sales across more than 3 million transactions. Bitcoin has now ascended to the fourth-largest blockchain by total NFT sales. From Counterparty to Ordinal: Bitcoin NFTs Hit $3.82 Billion in Sales In the first week of […]

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake

US Treasury: NFTs and NFT Platforms Highly Susceptible to Fraud and Scams

US Treasury: NFTs and NFT Platforms Highly Susceptible to Fraud and ScamsA risk assessment conducted by the U.S. Treasury Department found that non-fungible tokens (NFTs) and related platforms are highly susceptible to use in fraud and scams. The risk assessment also warns that criminals can exploit NFTs to launder illicit proceeds or “obfuscate the source of funds.” NFTs Likely to be Used in Fraud and Scams […]

The Two Papa John’s pizzas ordered in 2010 now close to $1B mistake