• Meta Platforms ended its support for NFTs, which could affect Web3 creators.
• Artificial Intelligence (AI) continues to be used in Web3 and we explored the intellectual property (IP) rights of AI-created works.
• Yuga Labs‘ new CEO will make his first public appearance since assuming the position.
Meta Platforms Ends Supports for NFTs
Meta Platforms, which owns Facebook and Instagram, recently announced that it would be winding down its NFT program after testing it out for several months. This news is a setback for Web3 creators who use social media to promote their art and interact with their community – signaling that Meta may not have figured out how to best engage with Web3 yet.
AI’s Impact On Web3
Artificial intelligence (AI) is increasingly being used in the web 3 space, so we took a look at the rules around intellectual property (IP) rights of works created with AI help. We also spoke to some NFT artists about their opinions on utilizing AI in their work.
Yuga Labs New CEO Debut
Yuga Labs will host a public event this week where attendees can hear from Yuga Labs‘ new CEO in his first public appearance since assuming the position. The event will provide insights into what Yuga Labs is planning next and how they are responding to this latest news from Meta Platforms.
The Airdrop Newsletter
The Airdrop newsletter discussed this week’s biggest stories across web 3 including metaverse, NFTs, DAOs and emerging technologies like VR/AR. It provides readers with up-to-date news on all things related to web 3 technology and offers advice on how to stay informed about these topics.
Rosie Perper is Deputy Managing Editor for the Web3 news section, focusing on metaverse, NFTs, DAOs and emerging technologies such as VR/AR. She has previously worked across breaking news, global finance, tech culture and business; she holds small amounts of BTC and ETH as well as several NFTs. Follow @rosieperper on Twitter for further updates!