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Latest Bitcoin News: A $100,000 grant is made available by Open AI to provide a method for identifying AI rules

The organisation that created ChatGPT, Open AI Inc., sponsored a programme to provide ten grants totaling $100,000 with the goal of funding research to find a democratic method for establishing the AI rules that the system should adhere to.

The business claims that the regulations must be “within the bounds established by the law.” By June 24, 2023, applications for this award must be submitted.

“No single individual, company, or even country should dictate these decisions,” asserts OpenAI. It states that everyone will have open access to the study's findings.

To create products for the web3 gaming industry, Ankr teams up with Mirage.

Ankr, a blockchain service provider, and Mirage, a Web3 gaming firm, collaborated to create goods in the Web3 market. The alliance aims to revolutionise Web3 gaming by integrating crypto, blockchain, and Web3 with gaming.

In order to build and provide better gaming experiences, Ankr and the Mirage will combine their respective technological expertise. Additionally, a seamless integration of blockchain technology with users' gaming experiences would probably provide developers more control and give gamers chances to discover Web3 gaming.

The Bitcoin Space Bored Ape Yacht Club Volume Exceeded Pepes Weekly Volume

Santiment, the on-chain analytics company, saw a selling frenzy by the cryptocurrency owners even at a loss, indicating sluggish market sentiments. Since mid-April of this year, bitcoin values have decreased by almost 15%.

But whether Bitcoin is up or down, it is always in the spotlight. This time, the non-fungible token (NFT) collection behind the Space Pepes, a bitcoin-based NFT initiative, outperformed other well-known NFT ventures like Bored Ape Yacht Club in terms of weekly volume.

Additionally, the NFT market is being heavily impacted by Ordinals, a way of arbitrary data embedding on Satoshis, the smallest unit of Bitcoin. The data, including text, music, and video, might be incorporated into Satoshis using Ordinals.

Due of the liquidity it provides compared to other blockchains like Solana, etc., Ethereum has so far been chosen as the main blockchain platform for NFTs. NFTs recorded on Bitcoin's blockchain, however, would compete with Ethereum-based NFTs due to the existence of Ordinals on Bitcoin as well as its history and market value.

Nike simultaneously introduced its first NFT on its SWOOSH Web3 platform. It has also introduced a line of NFT trainers. Despite several delays brought on by technical and other problems, Nike's NFT virtual collection achieved more than $1 million in sales after going on sale.

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