instagram - Pwim.Net

Polygon MATIC Price Surges to $0.951, Driven by Major Institutional Network Adoptions

Polygon (Matic) has been one of the major gainers for the last 24 hours in the cryptocurrency trading sector, according to CoinMarketCap. Polygon has risen its value by 4.33% in the past 7 days. The price increased by 11.44% in the last 24 hours.

At the time of writing, Polygon’s price was $0.951668 with a 24-hour trading volume of $1,147,593,937; and ranked #11, with a live market cap of $8,312,170,483.

With Matic topping $0.951668, it emerged as the best-performing asset among the top-ranking cryptocurrencies on November 3, as per CoinMarketCap’s price-tracking website for crypto assets.

Indeed, the crypto market has enjoyed a bit of relief across all assets, which explains why Polygon (MATIC) is showing some short-term price momentum. However, MATIC’s network growth has significantly contributed to the latest decent uptick.

Courtesy: TradingView

On November 2, Instagram parent company Meta announced plans to introduce a number of a nonfungible token (NFT)-related tools that will enable creators to mint, show and sell NFTs. The tech firm tapped the Polygon blockchain as an initial partner for functionality that would allow its creators to make digital collectables and sell them on and off Instagram.

Banking giant JP Morgan also announced on November 2 that it successfully executed its first-ever cross-border transaction using decentralized finance (DeFi) on the layer-2 network Polygon blockchain. JPMorgan said it used Polygon to conduct its first live trade (worth around $71,000) on the blockchain technology, marking a crucial step toward integrating crypto assets into traditional financial frameworks.

After the above announcements, MATIC rose its value by over 13% to $0.985, accompanied by a surge in its daily trading volume.

In the last few months, multiple household names chose Polygon blockchain as their preferred partner to get their foot into Web3. Top-tier brands such as Coca-Cola, Reddit, DraftKings, Bentley Motors, Quadrata, NFTically, and Starbucks launched their NFTs on the Polygon network.

Despite Polygon seeing a considerable uptick in its value prompted by its network growth, it is still early days for the token to maintain its momentum at its $0.90 level. Macro risks threatening the ongoing crypto market recovery may hurt its bullishness and trigger its downsides.

Polygon cryptocurrency is expected to see slow yet steady growth that would maintain its average trading price of around $ 0.889911 and even climb to a maximum level of $1.15 throughout part of this year.

Easy Company Raises $14.2M For Social Crypto Wallet

The “social” cryptocurrency wallet developed by The Easy Company, a company whose primary focus is the development of a consumer layer for the decentralized web, has received a seed round investment of $14.2 million. This wallet’s primary objective is to facilitate the incorporation of more general audiences into the Web3 ecosystem.

According to TechCrunch, the first investment round was comprised of participation from a diverse group of investors. These investors included Lobby Capital, Relay Ventures, and 6th Man Ventures, as well as Tapestry, Upside, and Scribble. Other investors included Lobby Capital, Relay Ventures, and 6th Man Ventures.

Angel investors who had experience in traditional social media as well as Web3 participated in the round as well. Among these investors were former executives from companies such as Instagram, Novi, Airbnb, Twitter, Uber, OpenTable, and Eventbrite.

It is said that the wallet has entered the public testing phase and is now available for both iOS and Android after going through a period of thirty days during which it was tested in secret.

Mike Dougherty, the Chief Executive Officer of Easy, has stated that the company’s mission is to integrate compelling social elements with user-curated profiles so that anyone can search, browse, and discover the world of Web3 on their own.

The presentation that Dougherty gave, a significant number of the products and services that are currently being provided by Web3 companies are far too complicated for the typical person to be able to make use of them. The mission of the company is to make it easier for customers to interact with Web3 and use digital wallets by streamlining these processes.

The platform has a structure that is comparable to that of social media applications like Instagram, in which users may swipe to see either their own NFTs or those of others they watch, similar to how Instagram Stories are shown. In addition, it is said that the platform features a user interface that is comparable to that of social media applications like Instagram.

Despite the fact that the crypto winter has persisted for such a significant amount of time, venture capitalists continue to provide significant investment for Web3 companies.

Meta to Launch Text-Based Content App Supporting Decentralized Social Networking

Meta, formerly known as Facebook, is reportedly working on a new app that will support the decentralized social networking protocol ActivityPub. The new text-based content app, codenamed P92, will be Instagram-branded and allow users to log in with their existing Instagram credentials, according to a report by TechCrunch. The P92 team plans to follow the “fork” approach in the initial product version, with users’ profiles populated with their Instagram account details, such as name, username, bio, profile photo, and followers.

The move comes as technology companies and startups are looking to take advantage of the growing trend of Twitter users seeking alternative platforms. In recent months, several rival platforms such as Mastodon, Post.news, and T2 have either launched or gained traction in their efforts to attract these users. The new app by Meta is expected to compete with these platforms and provide an alternative for users who are looking for a decentralized social networking experience.

The current plan for the minimum viable product (MVP) is to enable users to broadcast posts to people on other servers. However, it is still undecided whether users can follow and view people’s content on other servers. The app’s initial version will include tappable links in posts with previews, user bios, usernames, verification badges, images, and videos that can be shared. It will also have functionalities such as followers and likes, but it is uncertain whether commenting and messaging features will be included in the product’s first version.

The development team is also discussing the possibility of allowing content to be reshared like Twitter, but only for business and creator accounts. The MVP will integrate a rights manager for first-party content from the beginning but not third-party content from other apps and servers. The app will adhere to the company’s current privacy policy, but it will also have a supplementary privacy policy and terms of service that specifically address cross-app data sharing.

The move by Meta to support ActivityPub is a significant development in the decentralized social networking space. ActivityPub is an open standard that allows users to share content across different platforms, creating a more decentralized and interoperable social networking experience. Mastodon, a decentralized social networking platform, is one of the most popular platforms that use ActivityPub.

The new app by Meta is expected to provide users with a decentralized social networking experience while leveraging the existing user base of Instagram. The app will enable users to broadcast their posts to people on other servers, creating a more interconnected and interoperable social networking experience. The app’s initial version will include basic functionalities such as followers and likes, but it remains to be seen whether more advanced features such as commenting and messaging will be included in future versions.

Overall, Meta’s move to support ActivityPub is a significant development in the decentralized social networking space. The new app, codenamed P92, will provide users with a decentralized social networking experience while leveraging the existing user base of Instagram. With the growing trend of users seeking alternative platforms, the new app is expected to compete with other decentralized social networking platforms and provide users with an alternative social networking experience.

Emma Watson's AI-Rendered Male Alter Ego: A Glimpse into the Future of Celebrity Transformation

In a striking display of artificial intelligence’s creative prowess, the Instagram account “the_ai_dreams” recently unveiled an image of Emma Watson, the celebrated actress best known for her role in the “Harry Potter” series, reimagined as a man. This AI-generated transformation is not just a testament to Watson’s timeless beauty but also a commentary on the fluidity of gender and the power of technology in redefining celebrity images.

This intriguing visual alteration of Watson places her in a dapper suit, complete with a hairy chest, challenging viewers to recognize her in this new masculine form. Some observers have even drawn parallels to well-known figures such as Dacre Montgomery from “Stranger Things” and Watson’s own brother, Alex, due to their striking familial resemblance. The portrayal is a vivid example of how AI can maintain essential features while completely transforming a person’s gender presentation.

The project extends beyond Emma Watson, encompassing other Hollywood superstars like Johnny Depp, Ryan Gosling, Charlize Theron, Keanu Reeves, Anne Hathaway, Brad Pitt, and Nicolas Cage. Each transformation is unique, with some celebrities retaining their distinctive features despite the gender swap, while others, like Nicole Kidman, Jude Law, Emilia Clarke, and Zendaya, undergo such dramatic changes that they become nearly unrecognizable.

The AI’s ability to convincingly alter gender in images not only showcases its impressive attention to detail but also hints at future applications. For instance, it could visualize alternative narratives for beloved characters, speculate on the appearances of fictional offspring of famous couples, or reimagine historical figures in different contexts.

As for Emma Watson and her contemporaries, these AI-rendered images offer a glimpse into their versatility as performers, capable of captivating audiences in various forms. Fans eagerly anticipating new projects from these stars in 2024 might find these transformations an interesting preview of the endless possibilities that lie ahead in their careers.

This phenomenon of AI-generated celebrity gender swaps serves as a fascinating intersection between technology, art, and popular culture. It underlines the boundless creative potential of AI, challenging our perceptions of identity and celebrity. As we stand on the cusp of ever-advancing technological innovation, such creative endeavors remind us that the future of AI in the world of entertainment and beyond is not just about efficiency and automation, but also about exploring new realms of imagination and expression.