🗿 A New Internet Era in Europe

The Digital Services Act officially goes into effect on Friday, fundamentally changing the way Europeans experience their Internet lives.

Today’s No FOMO newsletter is brought to you by…

GM. Another crypto startup shutters its doors after receiving millions in funding. What once made me anxious is starting to feel liberating, can we just wash out all of these unprofitable companies so we can smack the reset button and I can really start making money in crypto again? Who’s next?

Without Further Ado. ☕ *knuckle cracks* ☕ Let’s get into it.

Today’s Specials:

No FOMO News 📰 : Protocol Clockwork Shuts Its Doors 🪦

No FOMO 🗿 : A New Internet Era in Europe 🛜

AI Intel 🤖 : Spain Launches AI Regulation Agency 🧑‍⚖️

Max’s Gaming Roundup 🕹️ : NFL, FIBA, Big Funding, & More 🏟️

Conference Corner 📅 : Permissionless II Just Around the Corner 🎉

No FOMO News 📰

  • Another One Bites The Dust: Solana-based Protocol Clockwork To Shut Down Despite $4 Million Seed Funding (Crypto News)

  • Robinhood Revealed to Be Third-Largest Bitcoin Holder With $3B in BTC (CoinDesk)

  • SEC Charges Impact Theory Over NFT Sales (CryptoNews)

  • BitBoy Crypto brand will no longer include YouTuber Ben Armstrong (Cointelegraph)

  • Crypto market cautious after Fed’s Powell says US inflation still ‘too high’ (Yahoo!)

  • Biden administration unveils new crypto tax reporting rules (Reuters)

  • The ‘Fidelity Mafia’ Behind Big Crypto (WSJ)

  • OnlyFans’ parent company bought $20M of Ethereum as revenue surged (Cointelegraph)

  • Crypto’s Latest Craze Friend.tech Is Overrun by Bots, ‘Speculative Games’ (Bloomberg)

  • Bored Ape & Axie to Unlock 11% of Their Market Cap (Crypto Briefing)

It’s A New Era for Social Media in Europe 📲

The Digital Services Act officially goes into effect on Friday, fundamentally changing the way Europeans experience their Internet lives.

Here are a few new features for EU users:

  • You can now turn off AI-recommended videos

  • You can easily flag harmful content

  • You will receive clearer explanations about why your posts are removed

  • You will be able to quickly report fake products and services

  • Children cannot be targeted with digital ads

How (we think) things will shake out:

While the US may be the global leader in developing transformative technology, Europe is the global leader in regulating it. Expect other developed economies (including the US) to eventually follow suit on these rules if things start to go well.

I think we can all agree on basic standards; 13 year olds shouldn’t be targeted like an informed consumer.

Having the choice to opt out of Meta’s artificial intelligence ranking and recommendation systems, for example, is another powerful way to offer users a chance to take control back of their Internet lives.

Listen, some people prefer to be targeted like a 50s factory worker in Soviet Russia so they can seamlessly get offers for their next favorite shoe. I’m not saying we should ban it. Let’s just make it optional.

AI Intel 🤖

  • Spain launches AI regulation agency in bid to become industry leader (Cointelegraph)

  • OpenAI launches ChatGPT Enterprise, hints at ChatGPT Business (GHacks)

  • Uber Eats’ New AI Chatbot Will Offer Recommendations to Customers (Yahoo)

  • Disney, The New York Times and CNN are among a dozen major media companies blocking access to ChatGPT as they wage a cold war on A.I. (CNN)

  • Tesla's $300 Million AI Cluster Is Going Live Today (Tom’s)

  • Elon Musk and Mark Zuckerberg are among the tech execs who will attend the Senate's first AI forum (NBC)

  • Poe’s new desktop app lets you use all the AI chatbots in one place (TheVerge)

Max’s Gaming Roundup 🕹️

Our web3 gaming news update, brought to you by Max Kaufman and Helika

🔥 National Football League (NFL) Star Patrick Mahomes and Azuki Partner to Launch NFT Trading Cards

🔥 a16z Games Backed AI Video Generator Irreverent Labs Raises Funding from Samsung Next

🔥 Hungri Games Completes Seed Investment Round with a $23M USD Valuation

🔥 Kaidro LLC Announces its Multiplayer Action RPG will be Built on Immutable's zkEVM

🔥 WEMADE Onboards Global Game Developers from Poland, Belarus, Hong Kong & South Korea

🔥 Iskra Chose Helika as its Strategic Game Analytics Partner

🔥 Marblex Announces Partnership with Aptos Labs to Build MARBLEX WARP

🔥 Helika Announces First APAC Strategic Analytics Partnership with Tearing Spaces

🔥 Gala Games Announces Champions Arena Launch on PC and Mobile

🔥 Paradise Tycoon Reaches New Milestone of 300K Downloads

🔥 Xterio Announces it's Pro-Creator Marketplace in the Wake of OpenSea's Move to Stop Enforcing Royalties

🔥 Edenhorde by Merit Circle Announces Early-Alpha Tournament for Eclipse of Edenhorde

🔥 Proof of Play's Pirate Nation Releases its v2 Combat System and Gameplay

🔥 FIBA Launches NFT Collection for Basketball World Cup

Conference Corner 📅

Permissionless II is the world’s largest DeFi event, from September 11-13. As always, we have the side event alpha for our readers

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