Welcome back to V3RSD and thank you for being here! This is Subnation’s weekly roundup of relevant, interesting, and hard-hitting stories from the web3, gaming, and tech spaces. The following five articles cover the topics from our 5Cs: Culture, Content, Community, Conversation, and Commerce. Enjoy, and let us know what you think by leaving a comment!
In the past week, Nike launched a Fortnite experience they’ve dubbed Airphoria. Participants can explore the city, purchase themed outfits, and earn an Air Max 1 ’86 Back Bling.
AIR Media-Tech, a YouTube partner and the third largest content creator marketing agency worldwide, is breaking new ground with a new Web3 venture: Royalty.blockchain that enables content creators to quickly and easily fundraise directly from their fans.
One web3 software company is partnering with Just Giving, a global fundraising organization, to offer NFTs for charity. Auctions are happening daily and all proceeds are donated to the buyer’s choice of 400 supported charities.
The future legalities of AI copyright are still uncertain. But Adobe is so confident that their Firefly AI generation tool does not utilize protected images, that they’re willing to pay enterprise users’ legal fees if they are sued.
Reuters reports that the finance giant JPMorgan receives almost 4 million documents per year. In an effort to reduce complexities, they’ve invested in Cleareye.ai, a platform for analyzing documents and data at a rapid pace.
If you’re interested in learning more on any of these topics, you can read the full articles below.
CULTURE
EXPERIENCE AIRPHORIA IN FORTNITE: THE ULTIMATE NIKE SNEAKERHUNT
Fortnite — Calling all sneakerheads: in an improbable floating city, “Airie” has thwarted “Maxxed Out Max’s” attempt to add missing Air Max Grails to his already maxxed-out collection. Experience Airphoria in Fortnite and recover the lost Air Max Grails! Just for your help, you’ll receive the Air Max 1 ’86 Back Bling.
Want more Air Max apparel in your Locker? The Airie and Maxxed Out Max Outfits are available in the Fortnite Item Shop now in the Airphoria Pack.
It’s time for an airy adventure — Airphoria is a sky-high celebration of sneakerhead culture, complete with stomping (lightly) grounds like “Station 97,” “Shoebox Tower,” and “Museum Max.” Explore the city to find the missing Air Max Grails!…[cont]
CONTENT
On the horizon: The creator economy is moving to Web3
Cointelegraph — Though it is beginning to recede in memory, the bear market of 2022 dealt a major blow to public confidence in blockchain technology’s potential for practical use and mass adoption. The collapse of blockchain platform, Terra, and the dissolution of crypto hedge fund, Three Arrows Capital and global exchange, FTX, damaged the financial well-being and reputation of the entire ecosystem.
Nonetheless, during these challenging times, projects with real substance and use cases have continued to build and develop, and Web2 giants, such as Amazon and Mastercard, have been quietly establishing key infrastructure and partnerships in the space. As 2023 progresses, we are seeing new ideas and approaches begin to truly flourish…[cont]
COMMUNITY
Web3 Charity Teddy DAO is Raising Money Through Daily NFT Auctions
CoinDesk — Web3 software company Lucky Friday is introducing Teddy DAO, a perpetual non-fungible token (NFT) collection that donates its sale proceeds to charity.
Teaming up with global fundraising organization JustGiving, Teddy DAO aims to utilize crypto as a funding mechanism to promote social impact worldwide.
Starting June 23, Teddy DAO will hold daily auctions for one of its teddy bear NFTs, created by digital artist Yumi and minted on cross-chain smart contract platform Moonbeam. Auction winners can then donate the proceeds to one of 400 charities supported by JustGiving, where the crypto is then converted to fiat and donated through the platform.
Teddy DAO eventually plans to leverage 450,000 charities supported by JustGiving as part of its mission to help solve real-world problems through cryptocurrency donations…[cont]
CONVERSATION
Adobe is so confident its Firefly generative AI won’t breach copyright that it’ll cover your legal bills
Fast Company — Adobe is so confident in Firefly’s ability to respect creators’ copyrighted images that it’ll legally compensate businesses if they’re sued for copyright infringement over any images its tool creates.
Adobe Firefly, the software giant’s AI-powered image generation and expansion tool, is being rolled out to businesses today. At its flagship Adobe Summit event, the company is unveiling an expansion of Firefly for enterprise users that will include “full indemnification for the content created through these features,” says Claude Alexandre, VP of digital media at Adobe. (The publicly available beta of Firefly has already been used to create AI-generated riffs on classic album covers and works of art.)
Anything created using Firefly’s text-to-image generation tool will be fully indemnified by the company “as a proof point that we stand behind the commercial safety and readiness of these features,” Alexandre says…[cont]
COMMERCE
JPMorgan invests in financial technology provider Cleareye.ai
Reuters — JPMorgan (JPM.N) has made a strategic investment in Cleareye.ai, a financial technology firm focused on trade finance, the companies said on Tuesday.
The parties, which entered into a commercial partnership last September, did not provide the financial terms of the transaction.
Trade finance refers to financial products offered by banks and other institutions that seek to facilitate global trade by reducing counterparty risk between importers and exporters.
Cleareye.ai operates a platform that it claims can expedite trade finance processes and compliance by analysing documents and data and removing manual checks…[cont]
That’s all from us here at Subnation this week. Thank you for joining us for V3RSD! If you’d like this directly in your inbox every Monday, you can sign up HERE.
