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How AI and the Blockchain can benefit all of us
Artificial Intelligence and Blockchain technology can be considered two of the greatest innovation drivers of the last decade, already having influenced various sectors such as finance, supply chain management, and more. Thus, it stands to reason that combining the two technologies can unlock even further possibilities. While the use of artificial intelligence in the crypto…
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Freelancers get more control through Web3 and the blockchain
Facilitating freelancer autonomy through decentralization As an added advantage, freelance workers have the opportunity to select the projects they take on and the clients they work with. This gives them the opportunity to choose work that aligns with their interests and values, allowing them to pick projects that are personally fulfilling. Exploring the benefits of…
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What are smart contracts? How do they work?
Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary’s involvement or time loss. They can also automate a workflow, triggering the next action…
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The switch from Web2 to Web3 will evolve the way businesses interact with customers
The move from Web2 to Web3 will be an evolution rather than a revolution. There’s no one switch that gets flipped, said Byron Sorrells, CEO and co-founder of Dispatch, a commerce and engagement startup incubated within IEX Group, Inc. that helps brands build Web3-enabled marketing and communication experiences. “A lot of people think there has…
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Saudi Arabia is seen as teeming with potential for blockchain fintech startups
In recent years, the fintech sector in the MENA region has grown rapidly, with Saudi Arabia leading the way. With regulatory challenges and legal issues arising in Western countries, investors are turning their attention to other regions, including the Kingdom of Saudi Arabia (KSA), which is becoming a hub for fintech and crypto investments. Investors…
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Saudi Arabia has invested in Web3, crypto, and blockchain-related firms
Saudi Arabia has disclosed investments in nearly 40 US venture capital firms, including some deep in crypto, blockchain, and Web3-related investments. Sanabil, the venture arm of the Saudi sovereign wealth vehicle Public Investment Fund, commits around $2 billion annually into multiple funding rounds to develop businesses with novel business models, according to its website. The…
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Google is looking into adding the metaverse, NFTs, and blockchain to YouTube
Google-owned YouTube on Thursday provided a snapshot of the video platform’s foray into the world of metaverse and blockchain, following the footsteps of other social media companies like ByteDance and Meta that have already begun harnessing the power of technology to bring immersive experiences for their users. Foray into the metaverse, NFTs YouTube’s Chief Product…
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10 ways blockchain developers can use ChatGPT
Blockchain technology has revolutionized the way we think about data storage and transactions, but it can also be a complex field for developers to navigate. One tool that can help simplify the process is ChatGPT, a large language model created by OpenAI. A language model is a type of artificial intelligence model that is trained on a large…
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Saudi princess sees NFTs as the next medium of creative expression
On Monday night a panel discussion took place at the 2022 Jeddah Book Fair entitled “Technology, Imagination and the Marketing Game: Future Alliances: NFTs / Web3 / Metaverse.” While the crypto sphere continues to blur the lines between the virtual and physical worlds, Princess Reem Al-Faisal agreed that these technologies, the Web3 ecosystem, nonfungible tokens…
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