• Meta Platforms has ended their NFT program after testing it for several months.
• AI is being integrated into Web3 and the rules around IP rights of works created with the help of AI are being explored.
• We spoke to NFT artists about their views on utilizing AI in their work.
Meta Platforms Ends NFT Program
Meta Platforms, the parent company behind Facebook and Instagram, announced it would be winding down its NFT program after testing it out for several months. The feature allowed some NFT creators to mint and sell their creations on the platforms and collectors to display their NFTs. Stephane Kasriel, Meta’s head of commerce and financial services, said in a statement the company „learned a ton“ and would continue to build products „to support creators, people, and businesses.“ This news could hinder Web3 creators who use social media to promote their art and interact with their community.
AI’s Impact on Web3
Artificial intelligence (AI) is continuing to make its way into Web3 technology as well as exploring the rules around intellectual property (IP) rights of works created with the help of AI. We spoke to NFT artists about their view on utilizing AI in their work which could have an impact on how they create art in a digital age.
Yuga Labs New CEO
This week also saw Yuga Labs new CEO make his first public appearance since assuming position: Daniel Alegre. He will be discussing his plans for Yuga Labs going forward which may include incorporating more technology such as AI into web 3 meta platforms like Ethereum or EOSIO applications.
Benefits Of Using AI In Meta Platforms
Using artificial intelligence can offer many benefits when incorporated into web 3 meta platforms like Ethereum or EOSIO applications such as increased scalability, automated processes, cost savings and improved user experience among other advantages that are beneficial for users within those ecosystems. Additionally, by leveraging machine learning algorithms developers can create more complex functions like smart contract automation which can lead to faster transaction times with fewer errors compared to manual processes alone.
Conclusion
In conclusion, while Meta’s decision to end its support for NFTS may be a setback for Web3 creators who use social media platforms as a means of promotion or interaction with customers; artificial intelligence still holds promise within this field by offering many advantages that could benefit users within those ecosystems if used correctly such as increased scalability, automated processes etcetera .