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What does our weekly newsletter (A Week in Metacrun.ch) entail?Our weekly newsletter is a smorgasbord of the latest news from around the world of web3, technology, game development, metaverse and more. We pull out the juicy bits and add our own thoughts and opinions.
How is the weekly ranking decided?Our weekly ranking is decided by a number of factors: Usability Accessibility Community Experience Distribution Comparing all these factors along with Kelly’s experience of the gaming industry in the last 30 years helps determine the weekly ranking.
Understanding our terminologyAR stands for augmented reality and it is the integration of digital information with the user’s environment in real time. Artificial General Intelligence (AGI) is AI that surpasses current capabilities and excels in tasks far better than humans. AGI not only performs tasks but also enhances its own abilities through learning and advancement. AI Ethics is a set of principles aimed at ensuring AI doesn't harm humans. This involves decisions about how AI systems gather data and address biases. AI Safety is the interdisciplinary field that focuses on the potential long-term consequences of AI development, particularly the risk of AI rapidly progressing to a level of superintelligence that could pose threats to humanity. Algorithm is a series of instructions that enables a computer program to learn from and analyse data in a specific way, like recognizing patterns, allowing it to accomplish tasks autonomously. Alignment is fine-tuning an AI to produce desired outcomes, from moderating content to ensuring positive human interactions. Anthropomorphism is the tendency to assign human-like qualities to non-human entities. In AI, this can lead to overestimating the human-like attributes of AI systems. Artificial Intelligence (AI) is the application of technology to simulate human intelligence, either through computer programs or robotics. It aims to build systems capable of performing human tasks. Asset is another way to talk about a digital collectible, item or value. Bias in the context of large language models is when errors arising from biased training data, potentially leading to incorrect attributions based on stereotypes Bitcoin is the well-known cryptocurrency that used to make various transactions. Blockchain is an open spreadsheet or ledger that everyone has access to, and it records any changes or transactions. Bridge means that if you want to trade your NFTs but don’t have a way (such as Shapeshift or Kyber Network), then you can use a bridge service like Rarebits. A bridge will move your tokens from one blockchain to another for a fee, and you can get back your tokens on the new chain. BTC is an abbreviation for Bitcoin. Burning means if you want to get rid of an NFT, send it to the NFT contract address. This will destroy your tokens and they’ll no longer be transferable. BURST is basically when these are NFTs you want to buy, also known as assets on the market. Buyers are people who buy digital collectibles in order to resell them for a higher price. It’s like real-world trading where you try to get more money than what you paid. CAT is short for CryptoKitties and stands for Crypto Collectible Asset Token. It’s one of the most popular NFTs on Ethereum. ChatGPT is a processing tool driven by AI technology that generates human-like text based on context and past converations. Collectible is something that has value or rarity, such as mini-figures or special edition sneakers. Cognitive Computing is another term for artificial intelligence. Community Designated Sellers (CDS) are people who set up their addresses with specific purposes and fees for others looking to sell their assets. Crowdsales are companies creating an NFT project and sometimes will have a pre-sale, allowing everyone to use ETH (or their own altcoins to purchase the new tokens). The tokens purchased go to the investors and those who have been around from the beginning. Crypto is another name for cryptocurrencies. Crypto Collectibles are blockchain assets that aren’t tradable because they represent one-of-a-kind digital items such as crypto art or crypto kitties (the first NFTs). Cryptocurrency is a type of digital currency, like Bitcoin, that uses cryptography to secure financial transactions and control the origination of new coins. DAO stands for Decentralised Autonomous Organisation is a self-governing and programmable entity on a blockchain that operates through predefined rules, enabling decentralised decision-making and management of resources without a central authority. dApps are apps that run on decentralised networks (and not just Ethereum, but any platform). They’re crypto projects. It’s a portmanteau of the words decentralised and Applications. Data Augmentation is enhancing AI training by remixing existing data or introducing more diverse data. Deep Learning is a subset of machine learning where artificial neural networks, inspired by the human brain, analyse complex patterns in text, images, and sound. Decentralised Exchanges (DEX) are exchanges that allow for peer-to-peer transactions rather than going through a third party. DeFi is an acronym for decentralised finance. Drop is an event where users receive free tokens for holding onto certain types of assets. Edge computing is the deployment of computing and storage resources at the location where data is produced. It works by moving data processing closer to the data source. ETH is the abbreviation for Ethereum, which is the blockchain that stores all NFTs. Ether is altcoin with its own blockchain, like Bitcoin has with BTC. Ether runs on the Ethereum blockchain. It’s used as “gas” in order to perform transactions or make dApps function properly. If you want to buy an asset, then you have to pay more ETH than the actual cost of the asset. Ethereum is the name of one particular cryptocurrency, also known as ETH, and it supports dApps and smart contracts. Etherscan is the most popular block explorer to check the worth of your digital collectibles. You can also use it to verify balances and transactions. Emergent Behavior is when unintended abilities are displayed by an AI model. End-to-End Learning (E2E) is a deep learning approach where a model is taught to complete a task holistically, considering inputs and generating solutions in a single step. Ethical Considerations is awareness of ethical implications related to AI, including privacy, fairness, data usage, and safety concerns. Exchange is if you want to trade your crypto assets in order to get other crypto assets, then you’ll need to go through an exchange like Binance. You can buy with credit cards here too. Farm is a process where instead of buying NFTs with money, you can “farm” them by using your GPU to mine their tokens. Your computer will join with other computers on the blockchain that are also mining. Fiat is usually the term for a national currency which is not pegged to a commodity. Currencies like USD, Euro, and GBP are Fiat currencies. Foom (Fast Takeoff) is the notion that the development of AGI might lead to rapid progress that could be difficult to control, potentially endangering humanity. Fungible Tokens (FT) are interchangeable, tradable tokens, such as ETH and BTC. Gas is an amount required to perform cryptocurrency transactions on the blockchain. Every time you buy an asset, send ETH, or set up a smart contract, then gas has to be paid in order to run the transaction. Generative Adversarial Networks (GANs) is a model composed of two neural networks – a generator and a discriminator – collaborating to create new data. Generative AI is technology that uses AI to produce content, such as text, video, code, or images, by recognizing patterns in training data and generating novel responses. Google Bard is a Google AI chatbot that fetches information from the current web, unlike ChatGPT, which is limited to data until 2021. Guardrails are policies that guide responsible AI behaviour and prevent undesirable outputs. GPU is a graphics processing unit, which is needed to mine certain types of cryptocurrencies such as Ethereum. Hallucinations are incorrect AI responses, resembling confident but inaccurate parroting. Hashrate is a measure of the speed at which your GPU can mine crypto tokens. ICO (Initial Coin Offering) is an event where a company sells digital assets to early adopters. KYC also called Know Your Customer or Know Your Client are compliant checks that any digital currency, asset or blockchain company will do with new users. They ask for all your personal information. KYC is a regulatory practice in the crypto and web3 industries. Large Language Model (LLM) is an AI model trained on vast text data to understand and generate human-like language. Macroverse is a hypothetical concept referring to an expansive universe that encompasses multiple universes or dimensions. Machine learning is a branch of artificial intelligence and computer science that uses algorithms and data to imitate how humans learn. Metaverse refers to a mostly online shared and sometimes interactive space that encompasses a collective virtual experience where users can interact with a computer generated environment and other users in real time. Microsoft Bing is Microsoft's search engine utilising AI-powered search results, akin to Google Bard. Miner is a person who uses their GPU (graphics processor unit) to mine tokens on a blockchain network. Mining is the process of solving cryptographic problems. The first one to solve it gets to add the current block on the blockchain and receive newly minted tokens as a reward. Mint has two different types of minting: Mint-A-Token is when an asset creator chooses who can create tokens/NFTs. Burn Minting gives all NFTs another digital wallet private key so they become locked forever and no longer destroyable or transferrable. Minting is the creation process of NFT, currency and most digital assets. Minting interval is how often you can mint or create tokens. Multimodal AI is AI capable of processing various inputs like text, images, videos, and speech. Natural Language Processing (NLP) is a branch of AI using machine learning to enable computers to understand human language. Neural Network is a computational model mimicking the brain's structure, designed to recognize patterns in data. NFT stands for Non-Fungible Token. It’s a unique, one-of-a-kind digital asset that’s stored on a blockchain. No other token or cryptocurrency can replace it. Noncustodial Wallet is an online wallet that you control using private keys stored in your own computer. One example is MetaMask which is also a browser extension that lets you run Dapps in your regular web browser (instead of a centralised app) N00b is someone who’s new to this whole blockchain thing and doesn’t understand how it works. Nuclear NFTs are sometimes rare collectibles with over 1,000 owners. You can’t send them to anyone without their permission first because you have to ask everyone on the list if it’s okay before each transaction. If someone forbids the NFT from being traded even once, then it’ll never leave its original wallet again. OpenSea is a non-fungible token (NFT) marketplace where users can buy, sell, or create NFTs. Overfitting is a machine learning error where a model performs well on training data but struggles with new data due to excessive focus on specifics. Parameters are numerical values shaping an LLM's behaviour and predictions. Peer To Peer (P2P) is if you need to make a transaction without going through an exchange, then you’ll use P2P trading instead. It’s also known as person-to-person or direct trade. Permanent Records is the Ethereum blockchain that permanently stores digital collectibles, so your crypto collectibles will never disappear unless you remove them yourself off the ledger. Private Key is a password that’s separate from usernames or email addresses. It gives you access to information or digital property on blockchains. You can always see your public address on Etherscan, but you might need to use a private key to access wall. Prompt Chaining is AI using past interactions to influence future responses.ets or assets stored on the blockchain. Proof of Stake (PoS) is another way crypto projects verify transactions, which means you’re rewarded with tokens if you hold on to them for a certain period. Like mining, this process also requires some computing power and electricity usage. Proof of Work (PoW) is one way of verifying transactions, which means miners must solve hashing problems to do their job. This method makes it difficult for hackers to crack the network since they’d need over 51% of all computing power available worldwide. Public Key is a cryptographic key that allows people to access your wallet or NFTs. The difference is it doesn’t need to be kept secret. It’s posted in open spaces so the blockchain knows who you are and what you can do with your tokens. QR Code is if you’re using a mobile wallet that supports scanning QR codes, then this is the easiest way to send NFTs or Ethereum since all you have to do is scan a code and confirm everything before hitting “send.” Quantity means how many of a certain asset are available. Rarities are items with different rarities that get assigned with a certain number on the Ethereum blockchain. They’ll have unique IDs and metadata and get labelled as “Legendary” or “Mythic.” Re-Mint is when minting coins or tokens on a blockchain means giving out digital wallets’ private keys so they’re locked forever, meaning no one destroys or transfers them except for the original wallet owner. Ring Signature is a type of transaction that only lets the sender know someone signed it but not who, which means they can’t spend funds unless another signer provides their approval as well. Satoshi is the smallest unit of Bitcoin (0.00000001 BTC) named after Satoshi Nakamoto, credited with anonymously creating Bitcoin and the first blockchain developer. Seed Hash is a 32-byte random value that allows you to regenerate public and private keys. Smart Contract is a binding agreement that automatically executes between two or more parties under certain conditions. They’re enforced on the blockchain network, irreversible, and not subject to change. Solidity is a programming language for Ethereum-based crypto token smart contracts. It stands for “Secure Interoperable Data Marketplace,” which is what this language does when people design any new NFT on the blockchain, including illustrations and 3D models with metadata underneath to describe each asset’s unique history or story. Staking is the process of locking up tokens in a wallet for a certain amount of time. The more you lock up, the more chances you have to win a reward as long as other stakers are also taking part. This usually happens on PoS blockchains where users stake their tokens and get rewarded every few seconds or after processing a certain number of blocks. Stochastic Parrot is an analogy illustrating that LLMs mimic human language without understanding its meaning, similar to a parrot repeating words. Style Transfer is adapting the style of one image to another, enabling an AI to recreate images in different artistic styles. Temperature is a parameter controlling the randomness of an LLM's output. Text-to-Image Generation is creating images based on textual descriptions. Tokenomics is the branch of economics that deals with the design, issuance, trading, and regulations of crypto tokens. Tokens are digital assets that allow people to raise money for projects through crowdfunding/ICO protocols, such as ERC-20 tokens. Transformer Model is a neural network architecture learning context from relationships in data, such as sentence context. Turing Test is a test assessing an AI's human-like behaviour. It passes if a human cannot distinguish its responses from those of another human. Wallet is where your tokens live while they’re not in use. Think of it like a house that you store all your digital collectibles in until you want to sell them or send them somewhere else. A wallet could be a cold storage wallet, but also any place where you can send and receive items from using something like Metamask with Solo Wallet. Weak AI (Narrow AI) is AI specialised in specific tasks, unable to expand beyond its designated capabilities. Web3 also known as Web 3.0 is the third generation of the World Wide Web that incorporates concepts such as decentralisation, blockchain technologies and token-based economics. Zero-Shot Learning is testing an AI model's ability to perform tasks without specific training data, simulating real-world adaptation. Disclaimer: The information is provided by metacrun.ch and while we keep the information up to date and correct, we make no warranties of any kind about the accuracy, reliability or suitability with respect to the website.
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