Weekend 🔗 Digest - Good news 📈
[5 min read] Web3 goodness in your inbox every Saturday morning, best enjoyed with coffee and brunch ☕. Today is a new format, thanks to all the wonderful feedback
Good morning everyone,
I hope you enjoy today’s edition of the new look Weekend 🔗 Digest. Please continue to give me feedback so I can iterate and improve. If you are new, be sure to check out the history & purpose of this newsletter as well as the archive.
Have a wonderful weekend!
Ryan
Here’s what you’re getting today:
Market update: Finally something exciting happens after weeks of boringness.
Interesting news: Microsoft investing big into AI, and the Industrial Metaverse is on the agenda at Davos next week.
Video of the week: Parts of Mark Zuckerberg's Metaverse being built in NZ
This weeks AI creation: I use DALL·E 2 to create a painting of a kiwi Christmas
Market update 📈
Finally some movement in the crypto market off the back of positive US inflation data which declined for a sixth consecutive month, registering a Dec year-on-year increase of 6.5%. Markets are hoping this is a sign that price pressures have peaked amid the Fed’s historic campaign to tighten monetary policy.
For crypto, the pain is far from over with sentiment still in the gutter from the last 7 months of large (centralised) crypto custodian implosions. Nothing wrong with a nice little Bear rally though right? 🐻
Crypto Market Heatmap below looks nice and green (size of the blocks are market share, and while colour & % show the 7 day change)
Sentiment showing a nice little pump as well:
Interesting news from the week 🗞️
🤖 Following on from last weeks introduction to ChatGPT, Microsoft reportedly plans to invest $10 billion in its creator OpenAI, getting a 75% share of OpenAI’s profits until it makes back the money on its investment, after which the company would assume a 49% stake in OpenAI. Microsoft will likely want to use AI to compete better with google on web search.
🇨🇭 \ The annual World Economic Forum in Davos, Switzerland, kicks off next week. The global elite of business leaders, politicians and economists make bold predictions and try to set the agenda for the year ahead (even global elites don’t always get it right of course). The Metaverse is on the agenda, the WEF believe it will make its biggest impact on industry:
“We are witnessing the rapid emergence of a metaverse focused solely on industry. This industrial metaverse may still be in its formative stages, but its early adoption of digital twinning is already showing results, increasing productivity and efficiency, boosting safety and enabling new levels of flexibility to industrial sectors hardly known for their agility. So far, digital twins have been used mainly for monitoring and analysis, but the full potential of the industrial metaverse is far greater. As edge and cloud processing capabilities, private 5G wireless networks, and new sensing, interface and AI technologies are added to the mix, we’ll move from a state of awareness to a state of control”
Video of the week 🎥
🏗️ Newshub: Parts of Mark Zuckerberg's Metaverse being built in Aotearoa - but can he pull this virtual reality dream off?
This weeks AI creation 🎨🤖
This will be a recurring section, each week I will showcase something amazing generated by an AI-based tool.
DALL·E 2 is the AI system that can create realistic images and art from natural language descriptions, called "prompts". You can try it for free here.
This week’s image captures the Kiwi Christmas, and was made from my prompt: “oil painting of a Christmas tree in the middle of a beach on a sunny blue day, with a bbq beside it and a single pair of flip flips on the ground”
