In their infancy, NFTs have suffered mightily from both misconceptions about the technology behind them and manipulation by fraudsters and hackers. Issues have arisen because many people, including creators, rushed to treat them as monetized cryptocurrency projects, tradable assets, and get-rich-fast investments. The more thoughtful, functional opportunities possible with them have often been overshadowed by hype, speculation, speed, and greed.

That’s finally starting to change — and it isn’t because brands made them collectibles or high-end coupons. It’s because evolving technical capabilities are steadily improving NFT functionality.

It’s still true that an NFT refers to an asset, most often an image, tokenized with a unique digital signature recorded on a decentralized, immutable blockchain like the Ethereum network. This signature on a distributed blockchain ledger, across thousands of computers worldwide, ensures that the NFT’s existence and transfer can be verified with an extremely high level of certainty — without relying on a central authority like a bank or broker. That’s well and good, but the public has largely remained unable to see this in practice, translate what it means, or find relevant applications to their lives and work.

With the emergence of programmable NFTs in 2023, we can now directly embed content and executable programs inside an NFT, which creates a significant difference in how we experience them, their utility, and even the jobs they can perform for us. My team’s new Immutable Miniverse Format (IMF), for example, immutably encodes — and can encrypt — tailored messages, games, music, binaries, and interactive experiences within an NFT, visualized as a string of secret code in motion. Importantly, this self-contained “miniverse” is embedded as part of the NFT artwork — without the technology burden of maintaining Web3 access points when being used on traditional social media.

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The Next Level with Generative AI

Fusing NFT art and programming code in a self-contained way is a significant development.

Programmable NFTs can be leveraged for work and play, shared on today’s social media platforms (Web2) and even serve as the building blocks of a kind of “app store” for Web3 and a more decentralized economy, comparable to today’s mobile phone apps. Additionally, the use cases in everyone’s mind involve generative AI technologies.

For good reason: the ultimate NFT utility may be the capacity to tokenize intelligence in a decentralized and immutable fashion.

Here, we’re not talking about using generative AI to churn out NFT art, rather the focus is on integrating LLM chat capabilities into programmable NFTs and ultimately empowering owners to program and mint their own NFTs to do this. My team is enabling NFT holders to have a private conversation with and within their NFT about the domain and knowledge embedded inside their NFT’s miniverse. This means leveraging a customized, fine-tuned version of an LLM, while not subjecting any input to third-party services that could opaquely use the data or violate privacy — a criticism leveled at OpenAI and others in a typical centralized GPT setting.

In fact, if you’re maximizing the strengths of both technologies, NFTs and gen AI, then:

• The embedded information on which an LLM conversation is based should be immutable, individualized, and decentralized.
• The conversation with such embedded information must preserve privacy. It does not need to reference any public GPT services.
• NFT creators must be committed to decentralized AI on Web3. Future iterations should and will allow a user to run their LLM model locally on the user’s own computer.

The protection of privacy possible with NFTs is a differentiator compared with using generative AI in a web application. A criticism of ChatGPT, BARD, and similar systems is that input from a user becomes data consumed by the generative AI, including proprietary input, and that can ultimately become available to other users. A generative tool like Microsoft’s Copilot stores input data, while assurances are made that it isn’t used for training large language models.

Still, the concern is that the power of massive data and its control becomes centralized even more by the hyperscaler giants of computing and the few smaller companies they back.

Blockchain’s fundamental decentralization and distribution means that generative AI NFTs can offer an alternative to that system of big data control.

Additionally, AI, as with mobile now, can leverage edge computing, not centralized cloud services.

Long-term Uses of Programmable NFTs in Life and Business

The viability of a technology depends on its ability to solve real problems and to create new possibilities and experiences beneficial to humanity and the world. Right now, we’re seeing a tremendous blooming of new uses for generative AI. When sharing information or when interaction needs to be secure, private, and impervious to short- or long-term systems failure or third-party dependency, the integration of NFTs and AI will prove especially handy.

In the personal realm, consider how you might preserve and interact with family history and important private documentation shared among family members over the long term, without pieces of that being scattered or permanently lost. Some families have members who live across the world and with whom they want to share information. Most people have family members dear to them who have passed away or will do so. Imagine an interactive record of your grandparents’ lives — one that you can have a conversation with. Imagine documenting family events from yesterday, five years ago, or fifty years ago that are less likely to be lost to time in a decentralized system. With programmable, AI-capable NFTs, you and your specified family members can own the assets with the data, the knowledge, the documents, and the interactive capabilities, as long as you have an internet connection. Digital existence and private access are distributed and not dependent on permission granted by a central authority or third party.

The same principles hold true for business uses.

Consider proprietary documentation, blueprints, and even trade secrets that need to be shared among specific engineers across a global workforce or from an older generation to a newer one within a company.

With an NFT, you could securely encrypt documentation, share it with an intended party, and, with generative AI capabilities, enable them to ask questions of it — even, in a sense, converse with engineers retired or long gone. Questions and answers about the documentation can instantly be translated into other languages.

Because NFTs are immutable and recorded permanently in a distributed public registry, impervious to deletion or third-party tampering, their potential for authenticating products and verifying lineage in the supply chain has often been noted.

Adding a layer of interactive inquiry with embedded generative AI makes this business use case even more exciting.

A programmable NFT or immutable “miniverse” with generative AI functionality is a new frontier in interactive, customized applications for personal and business use that truly puts ownership in individual hands. It’s time to lift NFTs out of the abyss of financial speculation and esoteric understanding and put the spotlight on their technical capabilities — which can make them useful for everyone.

[To share your insights with us, please write to sghosh@martechseries.com]

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SEALSQ Corp a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, announced that its post-quantum semiconductor technology based on cutting-edge cryptographic algorithms, is specifically designed to withstand attacks from and secure cryptocurrency transactions against the looming threat of quantum computing. This advanced technology addresses the vulnerabilities of current blockchain accounting systems, bolsters the defenses of digital currencies in the quantum age, and represents another stride by SEALSQ in securing the digital financial ecosystem.

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Cryptocurrencies, currently safeguarded by public key cryptography, face a significant security challenge with the advent of quantum computing. Traditional cryptographic methods, though robust against current computational capabilities, are susceptible to quantum attacks, which could lead to compromised transactions and weakened trust in digital currencies.

SEALSQ’s post-quantum semiconductor technology utilizes cutting-edge cryptographic algorithms that are resistant to quantum computing attacks. These algorithms, integrated into the hardware, ensure the highest level of security for cryptocurrency transactions, safeguarding them from potential quantum breaches.

Carlos Moreira, CEO of SEALSQ, noted, “The future of digital currency depends on the ability to stay ahead of technological cyber advancements. Our post-quantum semiconductor technology is a game-changer, offering unparalleled security and ensuring the longevity and reliability of cryptocurrency transactions.”

This technology not only secures existing blockchain infrastructure but also paves the way for a more secure digital financial ecosystem. By preemptively upgrading to quantum-resistant cryptographic methods, SEALSQ empowers cryptocurrency platforms to future-proof their systems, maintaining integrity and fostering continued trust among users.

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SEALSQ’s innovation is poised to set a new standard in cryptocurrency security, offering peace of mind to users and stakeholders in the digital currency space. As the world inches closer to the quantum computing era, SEALSQ’s post-quantum semiconductor technology stands as a bastion of security, ensuring the safe and secure continuation of digital monetary transactions.

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 [To share your insights with us, please write to sghosh@martechseries.com] 

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As the first in what will be an ongoing series in 2024, this accelerator program is focused on startup innovations seeking to unlock the $2.2 trillion DePIN, AI, and real-world value in Web3.

FutureMoney Group, a Web3 investment firm, launches a $5M Decentralized Physical Infrastructure Network (DePIN) accelerator program in partnership with IoTeX Foundation, the organization behind IoTeX, the leading modular Web3 infrastructure platform connecting smart devices and real-world data to blockchains. As the first in what will be an ongoing series in 2024, this accelerator program is focused on startup innovations seeking to unlock the $2.2 trillion potential in DePIN, AI, and real-world value in Web3.

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FutureMoney Group is particularly interested in the disruptive potential of DePIN given the ubiquity of data across devices that are ripe for verification via blockchain to create new funnels of value for data suppliers.

EO Hao, Founding Partner of FutureMoney Group, shared, “We’re very excited to be launching a DePIN-focused accelerator to support some of the most innovative entrepreneurs with the leading DePIN infrastructure provider IoTeX. We are especially interested in DePIN projects that accelerate geographic diversity, environmental responsiveness, and democratizing access to scarce data resources.”

Jing Sun, Co-Founder and Head of Investment of IoTeX, said “There is a massive untapped opportunity for innovative startups to capitalize on the wave of momentum in decentralizing physical infrastructure and bring verified, real-world data on-chain. We are excited to be a part of this first-of-its-kind DePIN accelerator program in what will be an ongoing series to discover and empower forward thinking entrepreneurs.”

The virtual accelerator is open for applications beginning December 24th 2023 through January 14th 2024, with the first Demo Day being hosted at the end of February, 2024. This 6-week virtual acceleration program, being led by FutureMoney Group and the IoTeX Foundation, is focused on providing the best-in-class network and resources for founders. Participants in the accelerator program will receive support on how to build and launch their DePIN project, with specific areas of focus on mentorship, workshops in DePIN flywheel, tokenomics, pitching and funding support, tech workshops, dev modular building blocks, go-to-market support, liquidity boosting, and community growth.

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The $5M USD contributed to the accelerator program will be distributed in $50K increments per project, with additional funding available for selected projects.

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[To share your insights with us, please write to sghosh@martechseries.com]

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The United Nations Internet Governance Forum (IGF) Dynamic Coalition on Blockchain Assurance & Standardization announces the initiation of a groundbreaking project aimed at establishing a Distributed Autonomous Organization (DAO). The pilot project is a collaborative effort showcasing how public sector organizations can leverage blockchain technology and DAO principles to foster transparent, rules-based, and high-integrity governance structures.

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UN – IGF Dynamic Coalitions are multistakeholder groups operating within the framework of the UN Internet Governance Forum, addressing specific issues related to internet governance. These coalitions are independent entities within the UN-IGF and bring together diverse stakeholders to collaborate on focused topics, fostering dialogue and producing outputs such as reports and guidelines.

A Distributed Autonomous Organization (DAO) is an organization governed by a set of rules encoded as smart contracts on a blockchain, operating on principles of decentralization and automation. In a DAO, decision-making and governance processes are encoded into smart contracts on a blockchain, enabling members to participate in the organization’s activities without the need for traditional hierarchical structures. DAOs typically utilize digital tokens for voting and decision-making, and their rules are transparently and immutably recorded on the blockchain. This decentralized approach aims to create trust, transparency, and efficiency, allowing members to collectively manage resources, make decisions, and execute actions based on predefined rules without the need for centralized control.

According to one of the groups co-leaders, Mr. Dino Cataldo Dell’Accio who also is the CIO of the United Nations Joint Staff Pension Fund, “This initiative signifies a pivotal step toward establishing innovative and secure governance models, ensuring that blockchain technology can be harnessed for the benefit of public sector organizations. The UN IGF DC-BAS remains committed to fostering collaboration, transparency, and the responsible adoption of emerging technologies.”

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The Dynamic Coalition is hosted by the Government Blockchain Association (GBA), a non-profit that helps the public and private sector connect, communicate, and collaborate. The GBA provides the infrastructure support for the organization. The Dynamic Coalition is also co-led by the GBA Executive Director, Gerard Dache and along with Mr. Dino Cataldo Dell’Accio, they lead a public, open forum multi-stakeholder coalition from around the world that meets on a monthly basis.

The technology being used for this pilot project is donated by a GBA member, Gosh, an Ethereum Layer 2 solution that allows developers to run smart contracts on-chain for free. The pilot will also liaise with other GBA working groups, including:

• Application Architecture
• Digital Asset Management
• DAO Governance
• Legal & Legislative

Anyone can join the group by requesting access to the UN IGF BAS-DC Google Group. For more information about the Dynamic Coalition.

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WEMIX PLAY on-chain Web3 games will be available on LG screens for the first time

Leading South Korea-based global game developer Wemade is expanding its Web3 gaming ecosystem with the upcoming launch of popular WEMIX PLAYhosted games on LG Smart TVs and monitors1.

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This marks the first time that games hosted on the WEMIX PLAY blockchain gaming platform will be available on LG screens, setting a new milestone in Wemade’s mission to build a blockchain-based mega-ecosystem.

LG Smart TV users will be able to download and play Anipang Match, a puzzle game developed by subsidiary Wemade Play, and the farming simulation game Every Farm from Wemade Connect.

Anipang Match and Every Farm will also be available on LG lifestyle screens StanbyME, StandbyME Go and smart monitors.

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The two titles are among the 35+ games of different genres available to millions of users on WEMIX PLAY, the world’s biggest blockchain gaming platform.

Leveraging the momentum, WEMIX PLAY and LG are also planning to collaborate on  providing a richer, more enjoyable gaming experience on LG screens.

Since its launch on LG Smart TVs in 2014, webOS has become one of the most widely used smart TV platforms in the world, powering more than 200 million LG screens worldwide.

1Available globally except for mainland China, Singapore and South Korea.

Part of the first generation of Korean PC online game developers and Korean mobile game developers, Wemade is at the forefront of the next wave of Web3 game developers that are innovating with blockchain technology. Based on the WEMIX3.0 Mainnet, the WEMIX PLAY blockchain gaming platform is the world’s biggest with millions of users and a wide range of game genres from card, puzzle, simulation and strategy games; to first-person shooters, battle royale, MOBA, MMORPG, SNG, sports games and more.

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Advancing the use of digital twins in the FinTech industry

The Digital Twin Consortium announced that PraSaga Foundation has become a member of the Consortium. A non-profit organization, PraSaga developed the SagaTech Stack architecture and SagaChain, a layer-one blockchain designed to address the critical challenges existing blockchain networks face. PraSaga will lead a newly formed DTC FinTech Tiger Team.

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The DTC FinTech Tiger Team will consist of members from the Consortium representing some of the most vital industries in the world. The member companies are leaders in their respective spaces and work together to solve industry-wide problems. As a first step, the DTC FinTech Tiger team will work on developing open standards requirements benefiting every major industry.

“We are thrilled to be a part of the DTC and to lead the DTC FinTech Tiger Team,” said PraSaga Foundation CEO Michael Holdmann. “The Tiger Team will use PraSaga’s SagaTech Stack architecture to define process flows and create application-specific use cases for implementation across industries for real-world testing.”

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“We’re excited to have PraSaga as a member and leading the DTC FinTech Tiger Team,” said Dan Isaacs, GM & CTO of the DTC. “We look forward to including value-based use cases in our DTC Technology Showcase. The development of these use cases and enabling development environment further accelerate digital twin adoption.”

PraSaga operates as a Non-Profit and is the custodian of the SagaTech Stack. It is poised to transform the blockchain landscape with the upcoming launch of SagaChain, a groundbreaking layer-one blockchain designed to address the critical challenges faced by existing blockchain networks. With a strong emphasis on scalability, security, and sustainability, the object-oriented SagaChain empowers developers to build high-performance decentralized applications (dApps) that cater to real-world needs and drive widespread adoption.

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[To share your insights with us, please write to sghosh@martechseries.com]

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In a significant move towards safeguarding data privacy and enhancing blockchain capabilities, Enphyr, a Layer 2 solution that is built on the Ethereum network, has secured a $1 million in seed funding round at a $10 million valuation.

Waveslab Ventures led the round, with participation from numerous prominent private investors, who have backed and contributed to the advancement of numerous projects and innovation across the crypto space.

We are thrilled to have attracted considerable interest, and successfully closed our first seed round funding within a short time frame. We express our sincerest gratitude to our esteemed investors as it underscores a strong vote of confidence from them towards the protocol’s vision and model.

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With this latest backing, it will provide us the necessary capital to grow our team, explore strategic partnerships, as well as enhance our engineering initiatives to accelerate our roadmap to facilitate additional use cases through the utilization of our protocol infrastructure.

It was not only a financial success as we also garnered invaluable logistics support from our esteemed partners. We welcome a diverse group of entrepreneurs, builders, and strategists from the DeFi space who also participated in this funding round to join us in our journey. We are confident that, with their support, network and capabilities, it will pave the way for the project’s robust development and growth.

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We believe – like our investors – that Enphyr will be the gateway that connects blockchain to real-world commercialization, pioneering developers to build next generation applications whilst maintaining compliance with regulations, and safeguarding the data of individuals and organizations.

Enphyr transcends being just a protocol; it’s a commitment. A commitment to data security, privacy, and efficiency. Join us by getting involved in the Enphyr ecosystem and engaging with our community on Telegram!

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[To share your insights with us, please write to sghosh@martechseries.com]

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DevAI, the trailblazing project at the forefront of blockchain innovation, proudly announces significant milestones following its recent launch.

With an unwavering commitment to simplifying blockchain development and democratizing access to this transformative technology, DevAI has garnered widespread attention, acquiring a substantial number of holders and attracting interest from numerous crypto projects seeking partnerships.

DevAI’s meteoric rise in the crypto space, marked by an astounding 37,000% growth in price, is accompanied by a flurry of partnerships and over 100 deployments within a mere month through its revolutionary AI bot.

This ground-breaking bot stands as the cornerstone of DevAI’s success, offering an all-encompassing solution for blockchain development.

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Accessible via a user-friendly interface, the bot provides a comprehensive suite of services allowing users to customize, deploy, and verify Solidity contracts effortlessly.

Beyond these fundamental functionalities, the bot enables users to add liquidity pools, execute lock/burn LP functions, and call various other functions crucial for decentralized application development.

One of DevAI’s standout features is its commitment to transparency and ease of access, offering a simulation environment where individuals can test the bot’s capabilities before proceeding with actual deployments.

This innovative approach has attracted numerous partnerships while empowering users with a tool that simplifies the complexities of blockchain development, driving DevAI’s exponential growth and cementing its position as a leader in the industry.

In today’s digital landscape, blockchain technology stands as a powerful tool for fostering secure and transparent decentralized applications.

Despite its potential, the complexity and time-intensive nature of developing smart contracts using Solidity—the primary programming language for the Ethereum blockchain—have long posed challenges requiring specialized knowledge and expertise.

DevAI identified this challenge and responded with an ingenious solution—an AI bot designed to autonomously generate Solidity contracts.

This ground-breaking bot provides a rapid, reliable, and cost-effective alternative for companies venturing into blockchain-based application development.

Leveraging sophisticated machine learning algorithms, the DevAI bot streamlines the Solidity code generation process, simplifying it and significantly reducing the likelihood of errors.

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The primary goal is to democratize access to blockchain technology, empowering companies of all sizes to capitalize on its benefits and fuel innovation through innovative applications.

Since its launch, DevAI has not only attracted a substantial user base but has also witnessed an exceptional multifold increase in its market capitalization.

The project’s remarkable growth is a testament to its disruptive technology and its commitment to community engagement.

“We are thrilled by the overwhelming response and interest DevAI has received,” said Adam, Co-founder of DevAI.

“Our commitment to not only simplifying blockchain development but also sharing revenue with our community has resonated positively, driving our rapid growth and attracting partnerships with like-minded projects.”

The remarkable increase in market capitalization coupled with the enthusiastic support from the community showcases DevAI’s potential to revolutionize blockchain development and its dedication to fostering an inclusive and collaborative environment within the crypto space.

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[To share your insights with us, please write to sghosh@martechseries.com]

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“DeSME” is a groundbreaking solution that combines DeFi (Decentralized Finance) with Real World MSME (Micro, Small, and Medium-sized Enterprises)

DeSME is a new token connecting the emerging DeFi space with the established and lucrative Micro, Small, and Medium Enterprises (MSMEs) market.

The project forayed into equity and profit-sharing investments and stands out through its commitment to return 100% of the profits to token holders. To reach its goal, the platform employs a 2% transaction tax to raise funds for offline investments in MSMEs.

DeSME launched on September 18, 2023, and has already gained traction in the market, partnering with three small businesses, one of which is already generating sales. Moreover, the team has launched the token’s rewards distribution portal, distributing the rewards accumulated until November 2023.

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DeSME emerges as a DeFi solution for crypto enthusiasts seeking more reliable investment opportunities. Many of them have been deterred by the extreme volatility in the crypto market, where pump-and-dump schemes, bear markets, or the 4-year Bitcoin cycle severely affect the value of digital assets. As a result, DeSME aims to “decryptoise” the users’ returns by enabling them to enter the real-world MSME sector worth $1.15692 trillion.

Meanwhile, the MSME market often needs more adequate funding and investment despite contributing significantly to economies worldwide. DeSME bridges the gap between DeFi and MSME to create a win-win situation for both. The platform enables active crypto investors to fund lucrative ventures in MSME while benefitting from the sector’s stability.

Tokenization is DeSME’s primary tool for securing a long-term and efficient link between the two worlds. Those purchasing DeSME tokens support the platform’s investments in MSMEs. When those enterprises grow and generate profit, their earnings are distributed to the token holders. Moreover, blockchain technology ensures the transparency and security of those investments, as all the transactions are stored on the chain and visible to the token holders.

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Another aspect that separates DeSME from other projects is its plan to develop an entire ecosystem of crowdfunded DeFI investments through its forthcoming platform, DeSMEAngels.com. Through this platform, DeSME aims to introduce individually-crowdfunded MSME projects with DeSME-overseen management. Each project will be featured with a fixed investment pool, initially reserved for DeSME holders, before becoming available to non-holders.

Investors participating in these projects will receive a distinctive NFT corresponding to their pool investment percentage. Notably, these investments will incur a 5% initiation fee and a subsequent 1.25% fee on monthly profits. Additionally, NFTs will carry a 5% royalty fee for secondary sales. The benefits for DeSME holders are substantial, as they will receive 20% of the initial setup fees, 20% of monthly profits, and 20% from secondary sales of NFTs. Furthermore, the NFTs associated with these investments are designed to appreciate value by incorporating additional utilities. This innovative approach sets DeSME apart from other projects in the field, positioning it as a promising player in the DeFi landscape.

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[To share your insights with us, please write to sghosh@martechseries.com]

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OKX a leading Web3 technology company ,has issued updates for the day of December 6, 2023.

OKX Wallet Now Integrated with Nostr Asset Protocol

OKX Wallet is now integrated with Nostr Asset Protocol, an open-source protocol that introduces Taproot assets and Satoshis into the Nostr ecosystem.

Once the assets are introduced, users can send and receive them at the Nostr Protocol layer using Nostr’s public and private keys. The settlement and security of assets still rely on the Lightning Network, and the Nostr Assets Protocol itself does not issue assets but only introduces them into Nostr through the protocol.

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Nostr (“Notes and Other Stuff Transmitted by Relays”) is a simple, open protocol that enables global, decentralized, and censorship-resistant social media.

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

• OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.

• DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.

• NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.

• Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

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OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

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[To share your insights with us, please write to sghosh@martechseries.com]

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