not solved ❌

your web3 & AI weekly roundup

October 10, 2024 • Read time: 6 minutes

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gm gm,

Satoshi or not, we’re cruising into the weekend without any wild twists.

Here are this week's must-reads:

  • Are we all Satoshi Nakamoto?

  • Ethereum is about to become faster and more efficient.

  • Meta drops new Sora’s competitor.

As always, we’re using this space to provide you with the latest product updates and relevant industry news in the shortest form possible.

Let’s go! @getenzyme

IN THE SPOTLIGHT
Not Satoshi.

HBO’s new documentary Money Electric: The Bitcoin Mystery has everyone talking, from the crypto crowd to beyond.

The film claims to uncover the true identity of Satoshi Nakamoto, the mysterious creator of Bitcoin. As people buzz about it on social media, the Polymarket community saw over $44 million in trading as users placed bets on who Satoshi might be, with guesses like Hal Finney, Nick Szabo, Elon Musk, Gavin Wood, and Len Sassaman in the mix.

Directed by Cullen Hoback—who also made Q: Into the Storm, a documentary about the QAnon conspiracy—the film points to Peter Todd, a well-known Bitcoin Core developer. While Todd has contributed a lot to the blockchain world, he firmly denies being Bitcoin’s creator.

So, the mystery continues.

IN THE SPOTLIGHT
Faster. Stronger. More Efficient.

The latest Ethereum’s EIP proposal aims to speed up the network performance.

On October 5, Ben Adams, co-founder of Illyriad Games, seasoned developer and notable contributor in the Ethereum community proposed EIP-7781 seeking to reduce block time from 12 to 8 seconds, improving the overall network throughput by 50%.

This proposal might impact solo stakers that will need more advanced hardware to keep up with the faster processing and other developers propose further testing to ensure users are not left behind.

IN THE SPOTLIGHT
Meta does it again!

As if Meta Connect 2024 wasn’t big enough, the company has now unveiled Movie Gen—a powerful suite of AI text-to-video models.

Movie Gen can generate up to 16-second, 1080p videos and images from text prompts. The model understands these prompts for precise video editing and goes further by creating soundtracks, effects, and synchronized audio. It can even handle complex VFX tasks.

One standout feature? It can simply maintain a subject’s identity in personalized videos by uploading images.

Though still in the research phase, Movie Gen is set to become publicly available next year, with Instagram rumored to be the first to get access.

SUBSTRATES
What else is on the radar?

WEB3

  • SWIFT will begin its digital asset trials program on its network in 2025, with banks from North America, Europe, and Asia participating.

  • Ubisoft plans to launch an NFT collection on Arbitrum featuring 10,000 items, granting access to the newest game, Captain Laserhawk, which will be available on the Magic Eden marketplace.

  • FTX's bankruptcy plan has finally been approved, and the firm is set to repay $16 billion to its customers.

  • Crypto.com is suing the SEC Chair after receiving a Wells Notice.

AI

  • The ‘Godfather of AI,’ Geoffrey Hinton, wins the Nobel Prize in Physics for his groundbreaking work in AI including machine learning development and contributions to image recognition technology.

  • OpenAI is expanding its office presence in NYC, Seattle, Paris, Brussels, and Singapore.

  • Alphabet’s Google announces new AI-powered search features, including the ability to ask questions about photos and videos, identify songs without switching apps, and AI-organized search results.

  • Black Forest Labs, the creators of the Flux image generation models powering Grok, launch a beta API featuring their latest Flux 1.1 Pro model, offering faster generation and improved image quality.

  • ByteDance reveals two powerful AI video generators, PixelDance and Seaweed, to compete with Sora and Meta’s MovieGen.

  • Uber teams up with Avride, an autonomous tech startup focused on food deliveries and robotaxi services to expand its ecosystem.

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SCOOPS OF THE WEEK

And that’s it for the week - not so short but sweet.

Keep on building!

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