🗿 Silicon Valley Wants to Scan Your Retina

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

GM. Congress can’t keep up with tech. And it’s only getting worse – you’ll see why.

Another crypto firm bites the dust as Open AI’s Sam Altman closes $100 million to trade crypto for eye scans. How will he pull it off?

Today’s Specials:

No FOMO News 📰: BlockFi is liquidating 🫗

No FOMO 🗿: Sam Altman raised $100 million to scan your eyeballs 👁️

Testnet Tuesday 🧪: .SWOOSH opens first access sale 👟

AI Intel 🤖: Congress wants to regulate AI 👨‍⚖️

Just for Fun 🤡: Did Andrew Tate shill a shitcoin??

No FOMO News 📰

• US crypto tsar promises crackdown on digital platforms (Financial Times)

• BlockFi to Liquidate Crypto Lending Platform, Over $1B on the Line in Litigation (Blockworks)

• OpenAI’s Sam Altman approaches $100 million in funding for Worldcoin, the crypto project that scans your irises to prove you’re not a robot (Fortune)

• Crypto’s Most Influential Companies Often Follow Their Own Rules — Even After FTX’s Collapse (Bloomberg)

• U.S. Prosecutors Drop Extortion Charges Against Early Adviser to Ethereum Network (CoinDesk)

• Crypto Markets Look to Recapture Momentum Following Down Week (CoinDesk)

• Crypto Industry Bets on New Supreme Court Doctrine to Push SEC Out (Blockworks)

• Japan leads world in losses from North Korean crypto hacking with 30% of total: Report (Cointelegraph)

• Zimbabwe sells millions of gold-backed crypto tokens despite IMF warning (Cointelegraph)

OpenAI CEO Wants to Scan Your Eyeballs 👁️ 👁️

Meet Worldcoin – the $100 million crypto project that wants to scan your irises to prove you’re not a robot.

• You’ll receive crypto in exchange for scans of your eyes

• They received funding from A16Z, Coibase, and Sam Bankman-Fried

Worldcoin plans to launch in the next few weeks — The company was valued at around $3 billion

Testnet Tuesday 🧪 - .SWOOSH Opens First Access Sale 👟

Still in beta, Nike’s latest venture into web3 officially opened its first sale.

.SWOOSH is described as “a web3-enabled platform that champions athletes and serves the future of sport by creating a new, inclusive digital community and experience and a home for Nike virtual creations”.

Owners will be able to display, trade, or wear their Nike Virtual Creations in video games and immersive experiences.

The first sale is limited to two closed shoeboxes of the classic Air Force 1 silhouette that will reveal themselves in early June.

According to Nike, about 1 of every 3 waitlist signups received an AF1 poster airdrop that grants access to the first sale.

So it’s too late for the airdrop if you’re just hearing about this now. But worry not, Nike fans ‐ have no FOMO. A general access sale is coming soon before the digital asset reveal.

AI Intel 🤖

• AI presents political peril for 2024 with threat to mislead voters (AP News)

• C3.ai stock pops, company raises outlook amid 'accelerating' AI interest (Yahoo! Finance)

• OpenAI readies new open-source AI model - The Information (Reuters)

• Irish newspaper apologizes for misleading AI-generated article (Cointelegraph)

• Amazon planning conversational AI chatbot for website search (Fox Business)

• SAP and Microsoft to deepen collaboration on generative AI in recruiting (Reuters)

• Congress wants to regulate AI, but it has a lot of catching up to do (NPR)

• Google’s AI pitch is a recipe for email hell (The Verge)

• Italy allocates funds to shield workers from AI replacement threat (Reuters)

• AI Spending Will Cloud Chip Slowdown (WSJ)

Conference Corner 🏢 – Miami BTC 2023 🌴

The conference gets underway this week. Here’s the side event alpha for those making the journey:

Just for Fun 🤡

Did Andrew Tate shill a shitcoin??

Shameless Shill + Alpha

This is NOFOMO, the newsletter that keeps you up-to-date on all things AI, crypto, and NFTs.

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