💬🚫 Facebook is shutting down Messenger?
READING TIME: 4 MINUTES, 43 SECONDS
GM buddies, it's the second Friday of March, and we are back again to keep you up to date on the latest happenings in the world of web3 & marketing. So, sit back, relax, and get ready to dive into some juicy news and insights!
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💥 What’s buzzin’ in marketing?
💡 Spotify has introduced a redesigned mobile app featuring a more intuitive navigation system. It appears to take inspiration from TikTok's interface and personalized content recommendations, with a focus on short-form video and music discovery.
💡 Meta plans to integrate its Messenger app with its Facebook app, allowing users to access messages and chats from multiple platforms, including Instagram and WhatsApp, in one central location. The integration is part of Meta’s larger goal to build a metaverse, a virtual reality space where users can interact with one another in various ways, including gaming, shopping, and socializing.
💡 TikTok is venturing into the search ad market, allowing advertisers to bid on keywords and phrases, with the algorithm offering the potential for more precise targeting, although there is the possibility of a US TikTok ban due to security concerns. While this move is interesting for brands looking to reach younger demographics, the potential for a ban may cause problems.
💡 Amazon is set to launch its own NFT marketplace next month, following in the footsteps of other major players in the tech industry. It's not clear if people will use it because there are already popular platforms like OpenSea that dominate the market.
🐋 Bitcoin Whales Swimming in Different Directions
Bitcoin whales (individuals or entities holding large amounts of Bitcoin) - have been moving their holdings in different directions, with some accumulating more Bitcoin and others selling off their holdings.
This divergence in whale behavior could suggest a shift in market sentiment, with some whales bullish on the future of the cryptocurrency and others more bearish.
While the overall market for cryptocurrencies has been relatively stable over the past few weeks, the movements of Bitcoin whales could still have an impact on the market in the coming weeks.
🏛 KuCoin Under Lawsuit
The New York Attorney General has filed a lawsuit against the cryptocurrency exchange KuCoin, alleging that the exchange sold unregistered securities and violated state securities laws.
The lawsuit claims that the exchange allowed customers to trade digital assets that are considered securities under state law, including Ethereum, without registering with the Attorney General's office.
The Attorney General seeks to stop KuCoin's activities and obtain restitution for harmed investors.
🐦 Meta's Text-Based P92: A Decentralized App Response to Twitter?
Meta is reportedly developing a new text-based decentralized social network, codenamed P92, which will allow users to connect and communicate without the need for a centralized platform or authority.
The platform is said to be built on top of the Ethereum blockchain and will use a new protocol called "Zion" to facilitate peer-to-peer messaging and communication.
The move comes amid growing concerns over privacy and centralization in social media and could represent a significant shift towards decentralized, community-driven platforms.
That may be a response to the growing popularity of decentralized social media platforms like Twitter within the Web3 community.
🔒 Silvergate Bank to Close its Doors
Silvergate Bank, which services many cryptocurrency firms, has announced that it will wind down its operations and liquidate the bank, citing low-interest rates and increased competition in the market.
The decision has raised concerns among the cryptocurrency community, as Silvergate has been a trusted partner for many crypto companies, and its closure could lead to difficulties in accessing banking services for these firms.
👾 OUR PICKS ON ARTIFICIAL INTELLIGENCE
👾 GPT-4 will be released next week. The new model will be multimodal and will have video capabilities.
👾 OpenAI CEO (Sam Altman) invested $180 million into a company trying to delay death.
👾 Salesforce launches the world's first generative AI for CRM, Einstein GPT
👾 ChatGPT is the most powerful tool in the world. But most people are using it wrong. Here are 25 prompts you can steal to 25x your copywriting results.
👾 Grammarly is adding ChatGPT-like AI to create text in your writing style
🔥 HOT BITS & BITES
Logium we found that there’s a bet saying that price of ETH will be lower than $1,342 tomorrow (currently it’s $1,396. If you think $ETH will be higher then $1,342 take this bet!
Google can now translate text from images on the web using its AI-powered technology.
Airdrop is a reward for the first users of a particular protocol. Here is a potential list of airdrops for the coming years.
Reddit new features include a TikTok-style video feed! Text and video content will be split into two separate feeds.
Bing hits 100 million active users thanks to AI chat that provides users with more personalized and conversational search experiences, allowing Bing to increase its share of the search engine market currently dominated by Google.
Ethereum we found a complete guide to tracking whales using Etherscan, and it’s worth reading!
🏖 FUN FACTS & MEME SECTION
💡 Did you know that Twitter was named Twttr?
The original name of Twitter was actually Twttr. A few months before Twitter launched, the founders decided to change the name and rebrand. See what Twitter looked like in the early days here!
🥇 Meme of The Week
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