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The company signaled it would need the green light from California and Delaware policymakers as part of the restructuring plan. Artificial intelligence company OpenAI has signed a non-binding memorandum of understanding with its largest investor, Microsoft, to restructure its business. In a Thursday notice, OpenAI said the move, first proposed in May, would allow its…
Across Protocol founders are accused of manipulating DAO governance to funnel $23 million in tokens to their affiliated for-profit company, Risk Labs. The founders of the crosschain bridge Across Protocol have been accused of siphoning $23 million of funds to their own for-profit company. In a Friday X thread, Ogle — the pseudonymous founder of…
The foundation is a nonprofit devoted to “safeguarding internet-native culture.” The sale price is undisclosed. Infinite Node Foundation (NODE), a nonprofit focused on digital art, has acquired the intellectual property of the CryptoPunks non-fungible token (NFT) collection from Yuga Labs, NODE said in a May 13 announcement. The acquisition of CryptoPunks, plus its additional $25…
” Lemonade partners with blockchain bigwigs to combat climate change “ Insurance company Lemonade has partnered with prominent blockchain companies to form the Lemonade Crypto Climate Coalition (L3C) decentralized autonomous organization (DAO) to protect farmers from climate change by offering blockchain-based insurance. The insurance firm founded Lemonade Foundation, a nonprofit focused on creating social and…
” International Women’s Day 2022 focuses on bringing women to Web3 “ At its core, Web3 is about regaining control from centralized online experiences, allowing creators to interact within peer-to-peer (P2P) ecosystems focused on music, film, artwork, fashion and other popular topics. This has also given rise to nonfungible tokens (NFTs) and digital ecosystems often…
“# Crypto community rallies with Ukraine as local NFT artists’ works sell out ” It appears that crypto enthusiasts worldwide are rallying in support of Ukraine to resist an ongoing full-scale Russian invasion. According to reports, Bitcoin (BTC) donations to Come Back Alive, a non-governmental organization helping Ukraine’s military efforts, received $3 million in BTC…
“# NFT philanthropy demonstrates new ways of giving back ” NFTs, or nonfungible tokens, have created a wealth of opportunities over the last year. Data from market tracker DappRadar found that NFT sales reached $25 billion in 2021. Artwork NFTs in particular have seen impressive growth. Financial services firm FinancePR recently determined that 257 artists…
“# 3 embroidery artists weave NFT charity drop to help victims of human trafficking ” Three embroidery artists — Russia’s Katerina Marchenko, Brazil’s Aline Brant and Ninni Luhtasaari of Finland — announced Thursday that they will be auctioning their nonfungible token (NFT) art pieces to support Hope for the Future (HFTF), a registered charity based…
“# Circle and Endaoment to create USDC-based disaster relief fund for communities impacted by deadly tornado ” Circle, the company that created the USDC stablecoin, announced a partnership with public charity Endaoment to create a disaster relief fund. The fund will help mid-western American communities impacted by last week’s deadly tornadoes. The two entities hope…
“# Kevin Durant and Rich Kleiman’s Thirty-Five Ventures to create NFT drops with Coinbase ” On Wednesday, Thirty Five Ventures, a venture capital firm co-founded by NBA star Kevin Durant and sports manager Rich Kleiman, announced a business partnership with Coinbase. Under the agreement, Thirty Five Ventures will work jointly with Coinbase to create nonfungible…