• Meta Platforms announced it was ending its support for NFTs.
• AI is making its way into Web3 and the rules around IP rights of works created with AI are discussed.
• NFT artists share their views on utilizing AI in their work.
Meta Platforms Ends Support for NFTs
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. This could hinder Web3 creators as this could limit their ability to promote or interact with their community.
AI’s Impact on Web3
Artificial intelligence (AI) continues to make its way into Web3, prompting discussions about the intellectual property (IP) rights of works created with AI’s help. Different perspectives on how this technology should be used within the space are being shared by different stakeholders in the industry, such as artists who create unique pieces of artwork using AI tools.
Yuga Labs CEO Daniel Alegre Speaks Out
The new CEO of Yuga Labs, Daniel Alegre, made his first public appearance since assuming his position this week. He spoke about his vision for Yuga Labs‘ future and how he plans to take advantage of emerging technologies like VR/AR and blockchain-based platforms such as Web3Meta to drive innovation within the company.
NFT Artists Share Their Views On Utilizing AI In Their Work
Some NFT artists have shared their view on utilizing AI in their work through interviews or posts online. Many believe that while there is a need for caution when using technology like AI, there can also be great potential if used properly within artworks or other forms of media due to its ability to generate unique results in a short amount of time compared to manual labor alone.
Conclusion
Overall, Meta’s decision to end support for NFTs has potential consequences for Web3 creators that rely heavily on social media platforms like Facebook and Instagram. At the same time, however, many are optimistic about the potential that artificial intelligence has when used correctly within artworks or other forms of media due to its ability to generate unique results quickly compared to manual labor alone