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Wikipedia Editors Voted Against Classifying NFTs as Art
A group of Wikipedia editors has voted against categorizing non-fungible tokens (NFTs) as a form of art-at least for now. A debate started on the platform last month on ‘the most expensive art sales by living artists’ and whether NFT art sales should be deemed as ‘art sales’ or ‘NFT sales.’ The discussion involved whether an NFT represented the art or was just a token that was separate from the underlying art. “Wikipedia really can’t be in the business of deciding what counts as art or not, which is why putting NFTs, art or not, in their own list makes things a lot simpler. NFTs have their own list, which should be linked in the article, and entries generally shouldn’t be listed in both,” editor “jonas” wrote. Out of the six editors, five voted against classifying NFTs as art. For the time being, the discussion has been shelved until a later date. Since anybody can write on Wikipedia, perhaps members of the NFT community could contribute to the classification debate. According to Wikipedia’s guidelines, neither unanimity nor a vote is required to form a consensus. Instead, the group must confirm that the participating editor’s legitimate concerns fall within the platform’s policies. Meanwhile, the lone editor who voted otherwise pointed out that even large publications, including the New York Times, had referred to Beeple as the ‘third-highest selling artist alive’ following his record-breaking NFT sale. In fact, Griffin Cock Foster, the co-founder of NFT marketplace Nifty Gateway took to Twitter to say: “Wikipedia is a global source of truth. Having NFTs categorized as ‘not art’ would be a disaster!” 🚨 Art Emergency!! 🚨 There is a debate happening rn on @Wikipedia that has the potential to * officially categorize NFTs as ‘not art’ on all of Wikipedia. * Wikipedia is a global source of truth. Having NFTs categorized as ‘not art’ would be a disaster! 🧵: — Duncan Cock Foster (@DCCockFoster) January 12, 2022 Responding to Griffin, Everipedia, a decentralized equivalent of Wikipedia stated that it’s time to move towards decentralized alternatives which supports art and innovation: “Everipedia editors have created over 100 pages on #NFT collections while Wikipedia is moving to mark NFTs as ‘not art’ across their platform. It’s time for NFT projects to move to Everipedia $IQ, a Web 3.0 encyclopedia which supports art and innovation.” Everipedia editors have created over 100 pages on #NFT collections while Wikipedia is moving to mark NFTs as "not art" across their platform. It's time for NFT projects to move to Everipedia $IQ, a Web 3.0 encyclopedia which supports art and innovation.https://t.co/tL5beVDCN9 https://t.co/SsNFoQmyBd — Everipedia (@Everipedia) January 12, 2022
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Crypto Credit Scoring Protocol CreDA Partners with FilDA to offer Leveraged and Low-Collateral Lending
New York, NY, Jan 14, 2022 - (ACN Newswire) - CreDA (Credit DeFi Alliance), the leading decentralized credit rating service and FilDA, the largest ever DeFi lending platform on HECO with a peak TVL of over US$2 billion, have partnered to offer exclusive lending rates to CreDA users. Users who mint their Crypto Credit Score as a Credit NFT (cNFT) will have access to leveraged lending and low or no-collateral loans directly within the CreDA platform.
The partnership comes only a few months after CreDA officially launched its platform and demonstrates the value Crypto Credit Scores can have by removing many of the barriers in traditional banking and the DeFi space. According to Bank of America, over 200 million users are now part of the digital asset universe, yet very few financial institutions would provide them with a loan. Even within the DeFi space, lenders operate in an over-collateralized manner with typical loan-to-value (LTV) ratios below 50 per cent.
Modeled after traditional consumer credit agencies, CreDA introduces the concept of personal credit scores into the $250 billion decentralized finance (DeFi) ecosystem.
Leveraging existing blockchain infrastructure, CreDA provides a trust architecture for the relatively young and volatile MetaFi ecosystem that includes emerging areas such as DeFi, GameFi and SocialFi.
"While our core business is focused on supporting the overall ecosystem through trusted and verifiable credit scoring, ours is a new concept for this space. By partnering with FilDA we hope to demonstrate the value and viability of the CreDA Credit Score to reward both users and lending institutions by brokering more transparent and trusted relationships," explains Fakhul Miah, incoming Chief Executive Officer. "We like to say that we're finally giving credit where credit is due."
How to get leveraged, low or no-collateral loans
CreDA allows users to link their wallets, mint a credit NFT (cNFT) and borrow at industry-defying rates, all from within the same platform.
CreDA provides on-chain credit ratings using the CreDA Oracle, which employs artificial intelligence (AI) to examine the user's assets, historical transactions and behavior in the crypto space across multiple blockchains. This data is used to calculate a credit score that is then minted into a secure non-fungible token called a credit NFT (cNFT). The cNFT enables the user to unlock preferential rates and incentives.
The FilDA partnership lets users access leveraged lending and low or even no-collateral loans based on the users Crypto Credit Score. The score represents a user's ability and willingness to pay back loans, de-risking Filda's exposure and rewarding the user for good on-chain behavior.
One major focus for CreDA is ensuring a safe and secure experience for users. To do this, data is fully protected, secured by industry leading, W3C compliant Decentralized Identifications (DIDs), which are linked to a user's cNFT. CreDA recently underwent a strict security audit with leading blockchain security group, CertiK.
About CreDA
Built on the Ethereum Layer 2 network, CreDA operates on Arbitrum with developers aiming to launch across multiple chains including, BSC (Binance Smart Chain), Ethereum mainnet and ESC (Elastos Sidechain) in Q1 of 2022 with more to follow throughout the year.
CreDA's Credit Oracle has already retrieved the data of billions of on-chain activities related to more than 90 million addresses across the largest blockchains. This large initial data pool helps to build a reliable and trusted credit model that will continue improving as more data is collected from additional chains and users who connect and mint their credit scores. The CreDA protocol is designed to compute a user's Crypto Credit Score while protecting their identity through the use of a DID, which does away with KYC (know your customer) checks.
The aim for the CreDA protocol is to eventually combine traditional (off-chain) and blockchain (on-chain) data to compute a holistic user credit score that allows for more flexibility and access between people's virtual and 'real world' lives. This will become even more relevant as technology advances and society continues to embrace virtual spaces, such as the Metaverse.
"As Benjamin Franklin once said, 'If you want to know the value of money, try borrowing some!' said Cassie Zhang, Chief Operating Officer during CreDA's launch in late 2021.
"The DeFi landscape is quickly evolving, but there is still one factor that is missing -- credibility. The CreDA protocol enables DeFi and other Web 3 platforms to model risk profiles across their user base and offer personalized rates and services, making them more competitive versus industry peers."
Social Links
Twitter: https://twitter.com/credafinance
LinkedIn: https://www.linkedin.com/company/creda-finance
Discord: https://discord.com/invite/eSvTm6a6kb
Media Contact
CreDA (Credit DeFi Alliance)
E-mail: [email protected]
Website: www.creda.app
SOURCE: CreDA
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com
Hitachi Rail Partners Exclusively with Intermodal Telematics to Offer a Digital Solution to Improve Rail Freight Efficiency and Safety
Netherlands based independent solution provider IMT has pioneered the development of digital monitoring sensors and telematics solutions for freight wagons and containers. The sensors verify the exact location of the cars, the loading status, the open/close condition of doors and hatches, the temperature and pressure of the cargo and the health condition of bogies and wheelsets. The data is sent to the Cloud via a solar powered GPS device and allows the condition of the train and its cargo to be monitored in real time, as well as alerting operators about potential issues. The partnership allows the use of AI analytics to optimise the efficiency and safety of its customers' freight services worldwide.
Powered by IMT, Hitachi can now provide fully-fledged telematics solutions that improve reliability and performance for the freight market. The technology can give companies the vital information they need to control their supply chains more efficiently and respond with appropriate interventions more quickly. With global supply chains having faced major disruption throughout 2021 and challenges predicted to continue, the partnership offers enhanced resilience for companies transporting goods via rail freight.
The partnership with Intermodal Telematics will complement Hitachi Rail's purchase of Perpetuum last year. The British rail technology firm, Perpetuum, provides Hitachi with digital solutions that improve train reliability and performance. Its remote condition monitoring detects emerging damage in train bogies long before it can be identified by other means, thus preventing failures, facilitating more efficient maintenance cycles, and increasing the life of the wheels. Coupled with the IMT solution, Hitachi will now be able to completely monitor freight vehicles in real time.
Edoardo La Ficara, Executive Officer and Chief Operating Officer for Operation, Service & Maintenance, Hitachi Rail, said:
"Hitachi Rail is focused on growing its digital offer to develop data-driven solutions to meet our customer's complex challenges. Our exclusive partnership with IMT delivers this and enables Hitachi to provide an enhanced digital freight offer across the globe, with a strong initial focus on European and North American markets.
"This solution will enable operators and maintainers to be aware of vehicles' position and status at all times. This will provide a radical evolution for the freight industry, whose railcars are overwhelmingly without any telematics or monitoring whatsoever."
IMT will now exclusively offer the Perpetuum sensor solution in the freight market, which will further broaden IMT's full portfolio in asset and cargo monitoring for the international rail market. Commenting, Dethmer Drenth, Managing Director and Founder of IMT, said:
"This partnership adds a significant value to our railcar market offering as we expand our renowned assets and cargo related monitoring to specific predictive asset maintenance monitoring with the Hitachi/Perpetuum sensor. In that way we create a holistic view of the railcar above and below the axle, alerting the asset and cargo owner on a need-to-know and managing-by-exception basis."
The integration of digital technology has a major role to play in enhancing the effectiveness and efficiency of operations, train maintenance and safety. The partnership follows the global mobility firm's strategy of expanding its digital capabilities, including Hitachi's Lumada platform that uses AI and the Internet of Things to turn data into actionable business insights.
The partnership's initial focus for the new digital service will be in European and North American markets. Hitachi Rail is already an established provider to freight operators in North America, where over 34.5 million carloads and intermodal units were transported in 2021, a growth of 4.8% compared to 2020.
About Hitachi Rail:
Hitachi Rail is a fully integrated, global provider of rail solutions across rolling stock, signalling, service & maintenance, digital technology and turnkey solutions. With a presence in 38 countries across six continents and over 12,000 employees, our mission is to contribute to society through the continuous development of superior rail transport solutions. We are proud of our global achievements, from our world famous "bullet trains", to our signalling solutions and turnkey projects, state-of-the-art traffic management and digital solutions. Drawing on the wider Hitachi Group's market-leading technology and research- and-development capabilities, we strive for industry leading innovations and solutions that can deliver value for customers and sustainable railway systems that benefit wider society. For information about Hitachi Rail, visit www.hitachirail.com.
About Intermodal Telematics (IMT)
IMT is the world leading independent telematics solution partner for the tank container industry, offering smart sensor technology and a web application with which operators, container manufacturers, lessors and shippers can obtain the insights they need to improve their delivery performance, operational efficiency and safety. R&D, production, hardware and software development are all in-house, delivering cost-effective product development via a team of 74 people in the Netherlands, Germany and Spain, backed by an entrepreneurial management team with significant industry experience. IMT offers a complete range of monitoring sensors and telematics systems including location, temperature, pressure, full/empty and heating sensors, all connected to its proprietary software platform. More information about IMT, visit www.intermodaltelematics.com.
For more information, please contact:
Adam Love, Group Head of External Affairs:
+44 7860 273 317 or [email protected]
Anja Smid, Marketing Communications Manager, IMT, on +31 6 222 23 974 (or +31 76 231
02 00) or at [email protected].
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comHitachi Rail and Intermodal Telematics (IMT) have agreed an exclusive long-term partnership that will add IMT's pioneering monitoring sensors to Hitachi's existing digital freight service.
Bitcoin ETF Launch Hype Dwindles as Funds Slide in Worth
Because several bitcoin ETF applications were declined before 2021, a big segment of the cryptocurrency community has been anticipating the introduction of the first bitcoin exchange-traded fund (ETF) for years. The Slump in Bitcoin Futures ETFs Continues Finally, after the first US bitcoin futures, ETF was approved, Proshare’s bitcoin futures ETF debuted with a bang, grabbing about $1 billion in total volume in its first 24 hours. Months later, on January 13, 2022, the Proshares Bitcoin Strategy ETF (BITO) is trading for $26.96, down 39.12 percent from its November 10, 2021 peak of 44.29. In mid-November, Bloomberg contributor Katherine Greifeld stated that the ‘bitcoin futures ETF mania is receding.’ “While the Proshares fund swallowed $1.1 billion in two days – the fastest an ETF has ever done so,” Greifeld noted at the time. The financial author went on to examine the Vaneck ETF, pointing out that the fund’s lower management fees could set it apart from the competition. At the time, Greifeld quoted Bloomberg Intelligence senior ETF analyst, Eric Balchunas, who said: “There’s definitely a lull going on right now relative to the launch mania and so Vaneck has their work cut out for them in trying to get people excited again.” Valkyrie’s BTF is Down 37%, Vaneck’s XBTF is Down 27%, and the Total Open Interest in Bitcoin Futures Across Cryptocurrency Exchanges is Down More Than 38% The Valkyrie Bitcoin Strategy ETF (BTF) experienced the same thing when it hit an all-time high (ATH) of $26.67 per share on November 9, 2021, and now trades at $16.70 per unit, down 37.38 percent from the ATH. The Vaneck Bitcoin Strategy ETF (XBTF) is down only 27.70 percent from its peak of $58.08 per unit on November 19, 2021, to its current price of 41.99 per unit. Despite the fact that Proshares and Valkyrie ETFs were launched before Vaneck, they all show a significant correlation with the spot price of bitcoin and the crypto asset’s futures markets. Open interest in futures markets has decreased since mid-November, as has total bitcoin futures open interest across cryptocurrency exchanges. The largest open interest in bitcoin futures was approximately $28 billion on November 11, 2021. The total open interest on most major derivatives markets is currently $17.22 billion. That’s a 38.50 percent drop in the last two months, and the pattern looks a lot like bitcoin’s spot market price behavior.
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Bitcoin ETF Launch Hype Fades as Funds Slip in Value, BTC Futures Open Interest Down 38% in 2 Months
Following the charged-up debut of the Proshares bitcoin exchange-traded fund (ETF), Valkyrie’s bitcoin futures ETF and the Vaneck bitcoin strategy ETF, interest in these types of funds seems to have faded a great deal. After the Proshares bitcoin ETF BITO reached an all-time high on November 10, the ETF is down 39% over the last […] Latest Intelligence
