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What’s all this hype about?
Your guide to Farcaster, the latest AI breakthroughs and more web3 records
gm gm,
Welcome back to another week in the green 🟢
Bitcoin stands at around $52,308.90 and has hit a $1 trillion market cap, with the halving event just T-60 days away. The bullish vibes are even stronger as crypto companies demonstrate high productivity, launching features that make Web3 easier to use for everyone.
In the meantime, OpenAI introduced a groundbreaking and impressive text-to-video model named Sora.
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!
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WEB3
Web3 in hardware, software and whisky!
Ledger has partnered with Coinbase to streamline cryptocurrency transactions. Users can now utilize the largest U.S. crypto exchange and transfer funds immediately to one of the most popular crypto hardware wallets. This feature is available in the US, UK, EU, Brazil, New Zealand, Canada, and Singapore. Complex and vulnerable processes are a thing of the past as this partnership opens new avenues for accessible, secure, and seamless crypto transactions from exchange to self-custody. Making crypto more accessible and secure is a win-win for everyone!
Solana's new 'Chapter 2' phone has already racked up 100k preorders, netting $45 million in sales in under a month. The $450 second edition is due out in early 2025. In comparison, the original Solana Saga phone struggled, selling just 20k units over a year at $1,000 each. Buyers of the first edition received Saga Genesis Tokens, including BONK, WEN, Solana, and BOZO. With crypto features as its focus, expect more enhancements for buying, selling, holding, and using cryptocurrencies, especially those on Solana's blockchain.
The Glenlivet, a Scotch whisky distillery, is launching an ETH-based NFT collection paired with 50-year-old whisky collection bottles to celebrate its two-century anniversary. Named 'The Twelve Elements' about the 12 essential components shaping the brand's popular single-malt whisky, pairs of NFTs and bottles will be available for sale through an auction on The Whisky Exchange's Cabinet marketplace on February 21, starting at $43,000. Each NFT owner will receive a whisky bottle that has been maturing since 1974, along with three whisky miniatures. Moreover, to stay current with the times, the brand will use AI to create unique labels for the bottles, inspired by the relevant elements.
INSIGHTS
What is Farcaster, exactly?
Social media is probably one of the biggest areas prone to be challenged by web3 core values. The current web3 consumers are still waiting on the next big thing, and Warpcast is probably that (for now). With the stunning growth in both users and web3 companies jumping on the feed and using the Frames feature, let’s dig deeper into what Farcaster actually is.
AI
AI advancements keep on impressing!
ChatGPT remembers as OpenAI is testing ChatGPT's memory feature to make future chats more helpful if users allow it. You can tell ChatGPT to remember things, check if it remembers, and ask it to forget, either in chat or through settings. This feature is only available to a small group of ChatGPT Free and Plus users for now, but improvements are planned for wider access. For example, if you tell ChatGPT you're allergic to peanut butter, it won't suggest peanut butter-containing recipes next time. It's nice when someone remembers small details about you, isn't it?
No stopping for Nvidia as the company’s successful stride continues with the ‘Chat with RTX’ AI assistant. Crafted with privacy and security in mind, this free tool, available for Windows users with compatible RTX GPUs, offers a personalized AI experience by utilizing local files as a dataset to generate relevant answers. All data processing occurs locally, providing users with peace of mind. The chatbot searches through .doc, .txt, .pdf, and other document formats to deliver high-quality responses specific to users’ needs. As of February 2024, NVIDIA boasts a market cap of $1.81 trillion, positioning it as the world's 4th most valuable company by market cap, right behind Alphabet.
Bye bye Bard, say hello to Gemini now powered by the Gemini Pro 1.0 model. Available in over 230 countries and proficient in over 40 languages, Gemini's mission is to facilitate seamless collaboration for everyone with the best of Google AI. In addition to the free plan, Google has announced the mobile app and the Gemini Advanced plan, providing access to Ultra 1.0 – deemed the largest and most capable state-of-the-art AI model by Google – for $20 per month. You can interact with Gemini through voice or text, and its multi-modal capabilities allow you to input a photo or even have it generate an image for you.
SCOOPS of the week
Our Q4'23 and full-year 2023 update is in.
Read the full shareholder letter and tune into our earnings call: investor.coinbase.comtwitter.com/i/web/status/1…
— Coinbase 🛡️ (@coinbase)
9:20 PM • Feb 15, 2024
first time I've seen this scam, so posting it as a heads up for users and interfaces
someone bought the ens "[myEthereumAddress].eth"
so when you paste in my address, the top result in some UIs is an ens match instead of the resolved ENS name
impt for UIs to filter these out
— hayden.eth 🦄 (@haydenzadams)
5:07 AM • Feb 14, 2024
1 Trillion Dollars.
The first time Bitcoin reached this market cap was in May 2021.
At the time, the "Bitcoin mania" was running wild, and Bitcoin caught headlines worldwide.
This is not the case this time around.
Rather, we're now observing a phase in Bitcoin's lifetime… twitter.com/i/web/status/1…
— Ulrik K. Lykke (@ulriklykke)
9:38 AM • Feb 16, 2024
And that’s it for the week - not so short but sweet.
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