Are NFTs dead?

NFT


Hello reader,

How many times have you stared at a menu and asked yourself, “What do I want to eat?” and get to… no answer? Well now the AI ​​is here to help.

A company in San Francisco, radiant, plans to deploy AI-powered kiosks with tiny cameras to scan a customer’s height, age, gender and mood, and show them personalized meal options. After all, if AI can predict which YouTube video to watch next, why not my next meal?

Meanwhile, CRED ranked first in LinkedIn list of the top 25 startups in India, based on four metrics: employee growth, job seeker interest, employee engagement, and talent acquisition.

The other companies in the top 5 are upGrad, Groww, Zepto and Skyroot Aerospace.

ICYMI: East luxury cruise will allow residents to live permanently at sea, touring the world indefinitely. Accommodations on the cruise ship range from $1 million for a 237-square-foot studio to $8 million for an exquisite 1,970-square-foot duplex.

Who’s up for the ride of a lifetime, literally?

In today’s newsletter, we will talk about

  • Are NFTs dead?
  • Tailor-made EV cells for India
  • Build the house of your dreams

Here is your trivia for today: What is the name of the Pringles mascot?


Web3

Are NFTs dead?

Throughout 2021, non-fungible tokens (NFTs) were on everyone’s minds, on wish lists and in shopping carts. But it’s a different story now.

In fact, the most popular NFT marketplace, OpenSea, reported a more than 90% decline in daily transaction volumes since its peak in May. However, all is not lost yet, as those running NFT projects are now experimenting with “fractionalization” to increase demand. It will work?

Break it down:

  • Fractionation is on the rise with projects like Unic.ly and Fractional.art experimenting with this method, especially for expensive NFTs.
  • But with ownership widely distributed, governance issues can arise around “who decides how the original NFT can be used,” says Himanshu Yadav, general partner and CIO, Woodstock Fund.
  • In India, early-stage startups like Estate Protocol, FanTiger, and Artfi are experimenting with fractionalized versions of tokenized assets in music, real estate, art, etc.

Start: Saveo

Amount: $4.5M

Round: Undisclosed

Home: unSCRIPT.ai

Amount: $1.25M

Round: Undisclosed

Home: NATUREPRO

Amount: Rs 50 lakh

Round: Seed


Electric vehicles

Custom built lithium ion cells for India

A team of 30 Ph.D. scientists working for Godi India, based in Hyderabad, is developing indigenous cells (for electric vehicles) that are suitable for Indian conditions.

Godi India is India’s largest manufacturer of supercapacitors and advanced cells serving the electric mobility and stationary storage systems sectors.

EV cells for India:

  • In January this year, Godi India launched its first batch of 21700 commercial grade NMC811 cylindrical lithium-ion cells at its facility in Hyderabad.
  • Godi India says it is the first company in the country to receive certification from the Bureau of Indian Standards (BIS) for its 21,700 NMC811 cylindrical lithium-ion cells.
  • Godi India currently works with more than 60 suppliers from around the world, including Germany, Japan, Korea and China, to import materials.


Start up

Build the house of your dreams

Home renovation and construction in India require precise planning and execution.

With a variety of comprehensive construction services, WeHouse, a Hyderabad-based startup company, aims to simplify the process of building and renovating a home. Incorporated by Sripad Nandiraj (Founder and CEO) and Rohan Reddy (COO), it started operations in 2019.

Brick by brick:

  • WeHouse offers a series of services for residential construction: project management, architectural structure, design, decoration and smart home interiors and legal permits.
  • The startup has completed more than 200 projects in Hyderabad and more than 400 projects are in progress in Hyderabad and Chennai.
  • Construction project management contributes 50% to Wehouse’s revenue, while materials management accounts for 30% and interior design projects contribute 20%.


news update

  • No muzzle please: Elon Musk’s lawyers have urged a federal appeals court to throw out a provision in his 2018 consent decree with the US Securities and Exchange Commission (SEC) that requires an attorney for Tesla Inc (TSLA.O ) examine some of his posts on Twitter.
  • Rescue mission: The Bank of England would buy long-maturity UK government bonds “on whatever scale is necessary” in an effort to restore order to the market after a large series of government tax cuts sent borrowing costs skyrocketing. .
  • Historical victory: Three decades after the suspected cause of Alzheimer’s disease was identified, a Japanese company little known outside the pharmaceutical industry has become the first drugmaker to show it can slow the debilitating condition.
  • It is not a kid’s game: The researchers suggest that the rapid rise of voice assistants, including Apple’s Google Home, Amazon Alexa and Siri, could have a long-term impact on children’s social and cognitive development, specifically their empathy, compassion and communication skills. critical thinking.

What you should keep in mind

  • The National Academy of Agricultural Research Management (NAARM) is hosting a national meeting on incorporating higher agricultural education into private universities.
  • Binance will discontinue support for three stablecoins USDC, USDP, and TUSD.
  • World Heart Day.

What is the name of the Pringles mascot?

Answer: July Pringles.

The name actually originated from a “Wikipedia hoax” in 2006, in which an editor entered the name on the Pringles Wiki page. It was later cited by the media and the company officially recognized it only in 2013.


We would love to hear from you! To let us know what you liked and didn’t like about our newsletter, please send an email [email protected].

If you haven’t received this newsletter in your inbox yet, sign up here. For past issues of YourStory Buzz, you can check out our Daily capsule page here.

.