M○C△ WEEKLY 8/11

*Links to all the news you need to know...and some other stuff too*

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Your M○C△ Weekly Round-Up

Crypto Art

• THE ART OF MONEY (RightClickSave)

• M○C△ Confessional: Can Bankruptcy Be Our Salvation? (M○C△)

• Abu Dhabi Sovereign Wealth Fund Acquires Minority Stake in Sotheby’s (ArtNet)

• Should artists be terrified of AI replacing them? (TheGuardian)

Metaverse

• Half of the 10 most valuable companies on Earth are making metaverse hardware (CoinTelegraph)

• Sandbox Land Prices Plunge 95% as Metaverse Market Faces Downturn (LiveBitcoinNews)

• Microsoft plans new mixed-reality VR headset to rival Apple Vision Pro — may run Windows apps via the cloud (WindowsCentral)

AI

• Generative AI’s Slop Era (TheAtlantic)

• Public records data must be off-limits for AI (TheHill)

• JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI (CNBC)

• OpenAI fears people will forms bonds with the AI it developed to fool humans (CoinTelegraph)

Finance

• Nigerian Files Lawsuit to Overturn Crypto Ban, Seeks BTC Commodity Status (Bitcoin.com)

• US court orders FTX to pay $12.7bn to customers (AlJazeera)

• Crypto.com Opposes Proposed US Ban on Prediction Markets and Event Contracts (Bitcoin.com)

• Crypto Needs to Radically Rethink Token Distribution (CoinDesk)

Potpourri

• Crypto scammers pull in $155 million on latest Trump coin rumors (YahooFinance)

• Seven indicted for stealing $300K in crypto that was NYC body shop owner’s nest egg — bought Rolex, Benz (NewYorkPost)

Tweet of the Week

Tweet from Untitled,xyz in response to Cozomo de Medici.

Art From M○C△’s Collection

Deconstruction #1 - V. 1/3 (2020), by Melduarte. In Museum of Crypto Art Genesis Collection.

Art in the Wild

trigger sustained within the calm of the end of time (2024), by Santiagoney. Currently open for bidding.

Traditional Art Banger

Venus of the Rags (1967), by Michelangelo Pistoletto. Tate Modern, London, England, UK. Tate.

Quote of the Week

“However much you knock at nature's door, she will never answer you in comprehensible words.”

-Ivan Turgenev

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