Lifeboat Foundation

People and companies are betting on life becoming more digitized and the much-hyped, little-understood metaverse taking off; virtual land is becoming as much of an investment as physical land, and if current trends continue, may stand to give early adopters a huge payout. Metaverse Group chose its plot of land very intentionally, and knows exactly what use it will be put to; located in Decentraland’s Fashion Street district, the space will be used “to facilitate fashion shows and commerce within the exploding digital fashion industry.”

Let’s back up a bit. Decentraland is a decentralized virtual world built on the Ethereum blockchain, with “decentralized” obviously being the key word and the platform’s big differentiator. “The people who use Decentraland own Decentraland,” Dave Carr, communications lead for the platform, told Euronews Next. “We have a decentralized autonomous organization in which people can submit proposals and vote on proposals submitted by others. And this effectively determines the future direction of Decentraland.”

Facebook, now Meta, aims to rule the metaverse of the future, but it seems likely that people will gravitate towards platforms like Decentraland precisely because they’re not owned or controlled by a centralized authority. Facebook hasn’t done a great job of earning its users’ trust, and it could take a long time for the company to turn consumer sentiment around. Meanwhile, Decentraland’s emphasis on autonomy and the lack of a single powerful decision-maker may be just what virtual world enthusiasts are looking for.

22-year-old hacker, sixth member of an international hacking group called “The Community,” has been jailed for stealing millions in cryptocurrency.

Google’s cybersecurity team warns that this is neither the first nor the last time.

Cryptomining is a very energy-intensive process with analysis by the University of Cambridge showing that Bitcoin consumes more electricity than the entire country of Argentina. Now, Google has released a new report stating that malicious cryptocurrency miners are using hacked Google Cloud accounts for mining purposes.

The report is called “Threat Horizons” and it aims to help organizations keep their cloud environments secure.

Continue reading “Rogue Miners Are Using Google Cloud Servers to Mine Cryptocurrencies” »

Back in April, it was reported that Akon planned to build a futuristic “Akon City” in Uganda. Along with Akon City, Akon launched AKOIN, his very own cryptocurrency.

According to the AKOIN website, which includes Akon City details and explains how it fits into the “I’m So Paid” singer’s efforts to bring resources and technological opportunities to Africa, AKOIN is “a cryptocurrency powered by a blockchain based eco-system of tools and services designed for entrepreneurs in the rising economies of Africa.”

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Continue reading “Yann LeCun” »

The CEO of Tesla and SpaceX is not only the world’s richest person, but he’s also worth more than Warren Buffet and Bill Gates combined! Stay tuned to find out what other billionaires think of Elon Musk and subscribe to Futurity.

#elonMusk #jeffBezos #tesla.

Continue reading “What Other Billionaires Really Think of Elon Musk” »

It’s a web of endless possibilities, but there’s a chance we might find ourselves interwoven in the same old web of Big Tech.

The emergence of blockchain-based technologies such as cryptocurrency, NFTs, metaverse, blockchain, and distributed ledger technology, etc is being seen as the herald of a new era of the internet — a more transparent and open version of the web that would be collectively controlled by users, instead of tech giants like Google and Facebook.

Continue reading “Web 3.0: The New Internet Is About to Arrive” »

Many are calling decentralized finance, or DeFi, the “Wild West of finance.” This fast-growing industry aims to provide automated banking services for cryptocurrencies to everyone, with no middle men. But DeFi is still in its early stages, which means there are risks. WSJ explains. Photo illustration: Tammy Lian/WSJ

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Continue reading “DeFi: Crypto’s ‘Wild West’ of Finance | WSJ” »

Rumors that Tesla is indeed making a smartphone were bolstered after the world-famous design studio ADR released concept images (in a video). This made people wonder: Is Tesla going to go after the iPhone — or simply create an entirely new market segment, such as a true-to-form satellite phone that works where traditional WiFi or 5G services are absent, and able to mine cryptocurrencies anywhere, including on the planet Mars?While speculations abound, there are numerous unanswered questions, such as: how much would it retail for? Does it have a sim card? What’s the monthly charge for using Starlink? Can I buy one, without first buying a Tesla EV? Its release date is a closely-guarded secret. A Starlink antenna is being taken out of the box. Tech publications have leaked images of the new device supposedly out of the EV maker, including some details of what it can do.