Day: January 11, 2023

Bill Gates is meh on Web 3 and the metaverse, but bullish on AI

Anthony B

In a Reddit AMA on Wednesday, Bill Gates said he doesn’t think Web3 or the metaverse alone is “revolutionary,” but he does think that AI is.Jeff J Mitchell/Getty Images Bill Gates said artificial intelligence is “quite revolutionary” in his annual Reddit AMA session. In contrast, the Microsoft cofounder appeared lukewarm about Web3 and the metaverse. He also said he was impressed with OpenAI’s ChatGPT platform, which has been making waves recently. Bill Gates has weighed in on some of the buzziest concepts in tech, revealing he’s tepid about Web3 and the…

CFTC Calls for Default Judgement Against Ooki DAO in Ongoing Lawsuit

Nikhilesh De

“On December 20, 2022, the Court deemed service on the Ooki DAO of the Complaint and Summons in this action complete as of that date,” the filing said. “Pursuant to Rule 12(a)(1)(A)(i), the Ooki DAO’s answer or other responsive pleading to the Complaint was due on or before January 10, 2023. … The Ooki DAO failed to answer or otherwise defend as instructed by the Summons and as provided by the Rules.” Author: Nikhilesh De Source link

FTX customers are safe from being doxxed, for now

Brayden Lindrea

The names of up to nine million FTX customers are set to remain confidential for at least three more months following the latest ruling in FTX bankruptcy proceedings.  The decision was reportedly made by Judge John Dorsey in the Delaware-based bankruptcy court on Jan. 11 in response to a 168-page filing by FTX on Jan. 8, which requested the court to withhold confidential customer information. Judge Dorsey said that he remains “reluctant at this point” to disclose the confidential information, as it may put creditors “at risk,” despite increased pressure…

Abu Dhabi-based Venom Foundation launches $1B fund for Web3 and blockchain

Gareth Jenkinson

Abu Dhabi-based blockchain platform Venom Foundation and investment manager Iceberg Capital announced they will allocate $1 billion of funding to Web3 and blockchain firms through a new partnership. The Venom Ventures Fund is set to invest in protocols and Web3 decentralized applications (DApps) focused on payments, asset management, decentralized finance (DeFi) and GameFi products and services. The fund is a partnership between layer-1 blockchain solution, Venom Foundation and Abu Dhabi Global Market (ADGM) investment management firm, Iceberg Capital. The latter will look to leverage its existing network to offer incubation…