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Walking through the crypto jungle during Korea Blockchain Week

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A walk through the crypto jungle at Korea Blockchain Week

Blockchain technology is all about decentralization and virtualization, so it’s a bit ironic that folks love to fulfill in person at big blockchain events. That’s what happened last week in Seoul, where a record 17,000 people and 300 speakers gathered for Korea Blockchain Week.

Like traditional technology conferences, the event highlighted many famous names in the field, each well-known (including Vitalik Buterin, Richard Teng of Binance, and Mark Karpeles) and unknown (researchers, professors, and plenty of founders of recent startups).

Unlike the usual chats, this time it was also possible to get to know the scientific profile: the list also included monkeys, penguins, geese and bears.

No one would ever accuse the crypto world of lacking in cheerful pranksters. Despite all this, there stays a powerful, underlying undercurrent of unease in the crowd. Widespread adoption seems to have stalled, and with the US election approaching, there may be a giant query mark over what future regulation will appear to be.

We walked the event corridors and spoke with a lot of the attendees. Here are a few of our impressions:

Beyond the protocols

Scalability has historically been a significant concern for blockchains with high fees and slow transaction speeds. Now, second-layer blockchains (so-called “layer 2 blockchains”) have made transactions faster and cheaper, meaning scalability isn’t any longer a difficulty for many use cases. The hottest layer 2 blockchains can handle tens of millions of transactions per day with none disruptions.

But despite this, usage shouldn’t be necessarily growing, partly because we still live in something of an application vacuum.

“I think the expectations of what the app actually contains have increased significantly,” said Simon Kim, CEO Hasheda enterprise capital firm focused on blockchain and crypto. In an interview with TechCrunch, Simon emphasized the need for more practical use cases.

There are some glimmers of this, especially in the world of IP tracking. Last month, Story raised $80 million to construct a blockchain that can help IP owners more effectively track the use of their content. And Sony Block Solutions Labs, a three way partnership between Sony and Startale Labs, exposed its latest public blockchain network, Soneium, which guarantees to make it easier for users to guard creators’ rights and fairly share profits.

“This is an industry first in trying to create a content-centric IP ecosystem,” Simon said.

Other show attendees said they were searching for more practical applications that will be comprehensible to consumers.

“We’ve been building infrastructure — roads and highways — in the cryptocurrency world for the past six years. Now we need to focus on the things that people like or use, like convenience stores, clothing stores, and department stores,” said Steve Lee, co-founder Neoclassical Capitola Miami-based cryptocurrency investment firm backed by enterprise capitalists Marc Andreessen, Chris Dixon, and Tampa Bay Lightning owner Jeff Vinik.

The company, it seems, is concentrated on applications in consumer and financial services. “From a consumer perspective, we’re particularly bullish on use cases in IP gaming, entertainment, and social applications,” he said.

Neoclassical launched its first fund in Apriland the company intends to pursue more investment opportunities in these sectors. “While the West may continue to lead in infrastructure development, we believe Asia has greater potential in this area (consumer Web3 use cases) compared to the West,” he said, citing the large variety of bitcoin transactions in the region and its history in areas resembling gaming and entertainment. Countries resembling Japan and Korea, he said, “are leaders in adopting new technologies faster than any other country in the world.”

Tradition with a touch of cryptocurrency?

While some cryptocurrency firms are still searching for breakthrough successes, others try to persuade traditional businesses that they need to add a crypto twist to their existing products.

Justin Kim, Head of Asia at Ava Laboratoriesa blockchain platform focused on decentralized applications (“dApps”) and enterprise blockchain deployments, has seen increasingly organizations launch their very own custom blockchains on top of Avalanche.

“The list includes California DMV, Konami Digital Entertainment, Nexon MapleStory Universe, OtherWorld Solo Leveling Animationand financial institutions resembling JP Morgan AND City“- he said.

Tokenization of recent asset classes can be a recent trend, Justin added. For example, RepublicNew York-based investment platform tokenizes funds to support film financingIT consulting firm Questry and Japanese bank Mizuho Securities tokenize fund to support the production of animated contentJustin noted that each projects are based on the Avalanche platform.

Stablecoins are also finding their way into popular financial and messaging apps.

One notable event was PayPal’s introduction of a stablecoin called PYUSD and other messaging apps resembling Japanese line AND Telegram integrating cryptocurrency wallets. Naver, co-owner of Line, also recently launched a cryptocurrency wallet on its payments app in Korea. “Stablecoin trading activity is picking up,” Simon said.

Hashed has partnered with other traditional firms, resembling the Korean entertainment company IT’S MOVINGa gaming company based in Japan Nexonand financial institutions KB Kookmin Bank in South Korea and Siam Commercial Bank in Thailand, Simon said.

Another area that’s attracting attention from the industry, he identified, is the gaming space. The gaming industry is certainly one of the fastest-growing sectors, especially as a result of the growth of online transactions, Simon added.

“So there’s content, and then AAA games will start pouring out of the market later this year,” Simon said. In the past, blockchain games with experimental tokens or NFT ownership were released while they were still experimental. “Now, you’re seeing well-executed, high-quality games coming out.”

Yat Siu, Co-Founder and Executive Chairman Animoca BrandsThe Hong Kong-based gaming and software firm, which also runs VC firm web3, disagreed, saying gaming projects, which were essentially launch pads for tokens, had underperformed thus far.

“People aren’t excited about (games) right now, but I think we’ll come back,” Siu said.

Similarly, NFTs have not caught people’s attention yet, but proponents are still hopeful.

“Before, when people didn’t see the internet as interesting or real, they just built it and eventually it just grew, right? That’s how I see the (NFT) space,” Siu added.

Big Sponsors and Bigger Regional Forces

In 2023, lower- and middle-income countries drove cryptocurrency adoption; this yr, adoption is more evenly spread between richer and poorer countries, said Diederik van Wersch, regional director for ASEAN and Hong Kong at blockchain data platform Chain evaluation.

“The widespread adoption of cryptocurrencies may be a result of the launch of Bitcoin-based ETFs, which has driven up the total value of Bitcoin-related activity across all regions,” van Wersch told TechCrunch.

In line with that, institutions are facilitating cryptocurrency adoption in countries like Singapore and Indonesia, he said. The United States has followed an analogous path. When the United States launched a Bitcoin ETF, Siu said it was a step change for the market.

“Tokens that have institutional backing do better. That’s how things are shaping up in the future of cryptocurrencies,” Siu said.

“In Singapore, we have seen an increase in the use of cryptocurrency trading services, while in Indonesia, cryptocurrencies are used as a trading instrument and have become one of the fastest growing cryptocurrency markets in the region, with the highest year-on-year growth of almost 200%,” van Wersch said.

It’s not all excellent news: As more people adopt them, there’ll likely be more crime, he added. “As adoption increases, crime will increase. And today, cryptocurrencies span all types of crimes—including fraud and narcotics.”

Image sources: Kate Park / TechCrunch

Optimistic about Telegram’s future (despite Durov’s arrest)

The arrest of Telegram founder Pavel Durov in France last month actually led to an aftershock for Telegram-linked Toncoin, which plummeted in price following the news. But when KBW emerged per week later, the mood was already upbeat.

Rushi Manche, Co-Founder Movement Laboratoriestold TechCrunch that Telegram has grow to be a useful communication tool for a lot of in the cryptocurrency community, and that is unlikely to vary anytime soon.

“What happened with Pavel Durov and what’s happening with Telegram and TON is proof that decentralization works quite well. Despite the fact that Pavel was arrested, everything still worked,” Siu told TechCrunch. “I would say that’s a net positive and, in my opinion, shows the resilience and the power of decentralization and the benefits of running something on a blockchain. So I’m very bullish on TON and Telegram in the long term.”

Animoca Brands is an investor in TON, a blockchain technology tightly integrated with a messaging app.

Simon admitted that this incident made us realize that it’s obligatory to create latest regulations that can allow for the independent management of those virtual spaces, because in the digital world there are not any physical borders and states cannot control what’s on the Internet.

Image sources: Kate Park licensed by TechCrunch.

Regulation stays a significant obstacle

The issue of regulation repeatedly got here up as a top concern amongst those we spoke to at KBW, and not only amongst those working in the cryptocurrency industry in Asia, but additionally those from other regions.

“Until a few years ago, many blockchain developers would set up shop in Singapore,” Simon said. “Recently, the UAE has emerged as the most industry-friendly country, providing clear regulations and guidelines in the country.”

Regulation — and particularly the clear establishment of lighting regulations — shaped the areas wherein development has thrived.

“The main concern we hear about is the need for clarity in the regulations across Asian jurisdictions,” said Manche, Movement Laboratories“However, this is driving a push for more coherent, innovation-friendly policies. Regulatory clarity should improve globally, potentially accelerating institutional adoption. We also anticipate a focus on sustainable blockchain solutions and the innovative token economy.”

Much of this, nevertheless, has been piecemeal. Japan was an early mover in the space, and Singapore also got in early, with a light-weight regime focused on anti-money laundering (AML) and counter-terrorism financing (CFT), in keeping with Chengyi Ong, head of APAC policy at Chainalysis. Hong Kong and India followed suit, creating their very own regulatory frameworks. “And that’s how we ended up with a regulatory patchwork,” she said.

The U.S. election in November may very well be the moment when a few of this finally involves a head in the country. “Depending on who wins, this industry will accelerate. But I think cryptocurrencies will continue to grow in America regardless,” Siu said. “This is not an endorsement, by the way.”

This article was originally published on : techcrunch.com
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Apple Airpods Now With FDA-Approved Hearing Aid Feature

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The newest AirPods are a part of a growing group of hearing aids available over-the-counter.


Apple’s latest Airpods could help those with hearing impairments. The tech company’s software update has been approved by the FDA to be used as hearing aids.

The FDA approved Apple’s hearing aid feature on September 12. The free update, available on AirPods Pro 2, will amplify sounds for the hearing impaired. However, the feature is simply available to adults 18 and older with an iPhone or iPad compatible with iOS 18.

“Today’s approval of over-the-counter hearing aid software for a commonly used consumer audio product is another step that will increase the availability, affordability, and acceptability of hearing support for adults with mild to moderate hearing loss,” said Dr. Michelle Tarver, acting director of the FDA’s Center for Devices and Radiological Health, in a press release. obtained by .

They confirmed the feature’s use after a clinical trial with 118 participants. The results showed that users “achieved similar perceived benefits to those who received a professional fit on the same device.” Apple also announced the brand new development just days before the agency’s approval.

“Hearing health is an essential part of our overall well-being, yet it is often overlooked — in fact, according to Apple’s Hearing Study, as many as 75 percent of people diagnosed with hearing loss go untreated,” said Sumbul Desai, MD, vice chairman of Health at Apple. press release“We’re excited to deliver breakthrough software features in AirPods Pro that put users’ hearing health first, offering new ways to test and get help for hearing loss.”

What’s more, Apple intends its recent AirPods to supply a “world-first” hearing health experience. Noting that 1.5 billion people suffer from hearing loss, the device also goals to forestall and detect hearing problems.

“Your AirPods Pro will transform into your own personalized hearing aid, amplifying the specific sounds you need in real time, such as parts of speech or elements of your environment,” Desai added in a video announcing the event.

The latest AirPods are a part of a growing variety of over-the-counter (OTC) hearing aids. They usually are not only more accessible, but additionally significantly cheaper than prescription medical devices. While they’re designed for individuals with mild to moderate hearing loss, they’ll initially treat those with limited abilities.

AirPods Pro 2 is available now for $249.


This article was originally published on : www.blackenterprise.com
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LinkedIn collected user data for training purposes before updating its terms of service

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LinkedIn scraped user data for training before updating its terms of service

LinkedIn could have trained AI models on user data without updating its terms.

LinkedIn users within the United States — but not within the EU, EEA, or Switzerland, likely as a consequence of data privacy laws in those regions — have the choice to opt out toggle on the settings screen, revealing that LinkedIn collects personal data to coach “AI models to create content.” The toggle isn’t recent. But, as in early reported According to 404 Media, LinkedIn didn’t initially update its privacy policy to handle data use.

The Terms of Service have already been published. updatedbut that sometimes happens well before an enormous change, equivalent to using user data for a brand new purpose like this. The idea is that this offers users the choice to make changes to their account or leave the platform in the event that they do not like the changes. It looks like that is not the case this time.

So what models does LinkedIn train? Its own, the corporate’s says in a Q&A session, including models to put in writing suggestions and post recommendations. But LinkedIn also says that generative AI models on its platform could be trained by a “third-party vendor,” equivalent to its corporate parent Microsoft.

“As with most features on LinkedIn, when you use our platform, we collect and use (or process) data about your use of the platform, including personal data,” the Q&A reads. “This may include your use of generative AI (AI models used to create content) or other AI features, your posts and articles, how often you use LinkedIn, your language preferences, and any feedback you may have provided to our teams. We use this data, in accordance with our privacy policy, to improve or develop the LinkedIn Services.”

LinkedIn previously told TechCrunch that it uses “privacy-enhancing techniques, including redaction and removal of information, to limit personally identifiable information contained in datasets used to train generative AI.”

To opt out of LinkedIn’s data collection, go to the “Data Privacy” section of the LinkedIn settings menu in your computer, click “Data to improve Generative AI,” after which turn off “Use my data to train AI models to create content.” You may try a more comprehensive opt-out through this typebut LinkedIn notes that opting out is not going to affect training that has already taken place.

The nonprofit Open Rights Group (ORG) has asked the Information Commissioner’s Office (ICO), the UK’s independent regulator for data protection laws, to research LinkedIn and other social networks that train on user data by default. Earlier this week, Meta announced it was resuming plans to gather user data for AI training after working with the ICO to simplify the opt-out process.

“LinkedIn is the latest social media company to process our data without asking for our consent,” Mariano delli Santi, a lawyer and policy officer at ORG, said in a press release. “The opt-out model once again proves to be completely inadequate to protect our rights: society cannot be expected to monitor and prosecute every internet company that decides to use our data to train AI. Opt-in consent is not only legally required, but also common sense.”

The Irish Data Protection Commission (DPC), the supervisory authority responsible for monitoring compliance with the GDPR, the EU’s general privacy rules, told TechCrunch that LinkedIn had last week announced that clarifications on its global privacy policy could be published today.

“LinkedIn has informed us that the policy will include an opt-out setting for members who do not want their data used to train AI models that generate content,” a DPC spokesperson said. “This opt-out is not available to EU/EEA members, as LinkedIn does not currently use EU/EEA member data to train or tune these models.”

TechCrunch has reached out to LinkedIn for comment. We will update this text if we hear back.

The need for more data to coach generative AI models has led to more platforms repurposing or otherwise repurposing their vast troves of user-generated content. Some have even taken steps to monetize that content—Tumblr owner Automattic, Photobucket, Reddit, and Stack Overflow are among the many networks licensing data to AI model developers.

Not all of them made opting out easy. When Stack Overflow announced it will begin licensing content, several users deleted their posts in protest — only to see those posts restored and their accounts suspended.

This article was originally published on : techcrunch.com
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Nurture aims to teach children important life skills through interactive gameplay and entertainment.

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Parents understand how difficult it’s to keep their children engaged in online learning. Education is a brand new app designed for youths aged 4 to 7 that gives interactive content and games that can keep them engaged. The company’s mission is to equip kids with key life skills comparable to socialization, basic financial literacy, mindfulness, fitness, nutrition and more through story-driven adventures that children can actively take part in.

Nurture announced its $2.8 million pre-seed round on Wednesday, led by Golden Gate Ventures. The funding will go toward hiring preschool content creators to help create content for the platform.

The flagship title that Nurture first launched is known as “Doki’s Delivery” and focuses on helping children learn social-emotional skills. The series follows a gaggle of characters who’re on a mission to deliver an egg via spaceship.

Image sources: Education

The app also has a dual-screen component that requires parents to download the Nurture TV app on Fire TV or Google TV so kids can interact between each screens. In the case of “Doki’s Delivery,” kids can use their phone or tablet as a game controller while playing on the TV screen. They can tilt their mobile device from side to side to help the characters avoid obstacles.

Other interactions include responding to the protagonist’s calls, designing a spaceship, and hatching a mysterious egg that players can then take care of – similar to Tamagotchi, the favored children’s toy.

“I didn’t want it to be passive, mindless screen time. I want it to be an active, interactive learning process,” co-founder and CEO Roger Egan told TechCrunch. “(Once kids) understand the concepts, we use games and interactive materials to practice the skills and apply them.”

The company plans to release latest original content focused on “growth mindset and financial thinking,” Egan explained. Additionally, Nurture is in talks with about 20 popular third-party creators to expand its content library. Nurture’s creator platform lets creators host content on their very own digital “islands,” which users can access with a swipe of the app’s menu.

Image sources: Education

In addition to engaging educational content, parents will have the opportunity to track their children’s gaming performance.

“We have these moments called reflection moments where we ask questions and the child can answer them…With that answer, we can synthesize that information and understand how well they understand a concept, and then feed that into the product and let the parents know how the child is learning and how they’re progressing,” Egan said.

Offline classes may even be available to help parents learn the way to consolidate the knowledge they’ve acquired through the app, and to encourage children to apply their knowledge in on a regular basis situations.

Nurture was founded in 2022, just a few years after Egan’s children began distant learning throughout the pandemic. With a front-row seat to his children’s education, he felt that traditional education wasn’t adequately preparing children for a rapidly changing world, especially one dominated by artificial intelligence. He also believes that children should learn things like adaptability, critical pondering, digital literacy, mindfulness, and empathy to achieve success in the long run. But he struggled to find suitable alternatives to complement his children’s education.

Egan previously founded online food market RedMart, which was acquired by Alibaba. He was joined by co-founders Danny Limanseta (chief product officer), who served as product design manager at Redmart; Sally Doherty (chief human resources officer), who previously worked at Microsoft; and Scott and Julie Stewart (creative directors), a husband-and-wife team specializing in animated children’s content comparable to “Lego Friends: The Next Chapter.”

Image sources: Education

In addition to being an investor, Priebe can be a game design advisor at Nurture. Priebe was chargeable for creating Club Penguin, the wildly popular online multiplayer game.

“The next generation of kids are learning games faster than they are learning shows,” Priebe told us. “I really like the idea that you’re not just going to sit and watch linear TV anymore… It’s really innovative how the (Nurture) characters stop and pull the kid into the adventure and ask, ‘What would you do?’ or ‘How would you like us to do this?’”

Nurture is currently in an invite-only beta for users within the U.S., U.K., and Canada. It plans to expand to other markets in 2025. The company may even launch a paid subscription once the app is publicly available.

Other participants within the round included Reach Capital and Seedcamp, with participation from Club Penguin co-founder Lance Priebe. Other notable advisors included Manual Bronstein, Roblox’s chief product officer; Scott Kraft, former head author and executive producer of “Paw Patrol”; and Joey Mazzarino, a puppeteer on “Sesame Street” known for his roles as Murray Monster, Stinky the Stinkweed and other Muppets.

This article was originally published on : techcrunch.com
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