Web3 gaming developer Neon Machine raised $20 million in series A funding toward the development of its highly-anticipated extraction shooter “Shrapnel.” 

This round follows a $10.5 million seed round completed in June of 2021. It was led by Polychain Capital and included funding from Griffin Gaming Partners, Brevan Howard Digital, Franklin Templeton, IOSG Ventures, and Tess Ventures.

Shrapnel is an ambitious gaming project touted by Neon Machine as a “AAA game” — a non-standard designation used to indicate a video game with top-tier production value, budgeting, and marketing.

According to gameplay footage shown on Neon Machine’s YouTube page and documentation on the game’s…

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Wallets linked to bankrupt crypto firms Alameda Research and FTX transferred over $10 million worth of cryptocurrency to exchange deposit accounts in five hours on October 24-25, according to data from blockchain analytics platform Spot On Chain. The movement of these funds may indicate that the firms plan to sell some assets to pay back creditors.

#FTX and #Alameda related addresses are depositing tokens to exchanges!

Via address 0xde9, #FTX 0x97f and #Alameda 0xf02 have transferred

2,904 $ETH ($5.21M)1,341 $MKR ($2.01M)11,975 $AAVE ($1.02M)198,807 $LINK ($2.27M)

to #Binance and #Coinbase in the past 5 hours.… pic.twitter.com/MQxCySp8g0

— Spot On Chain (@spotonchain) October 25,… Read more on Cointelegraph

A team of scientists from the University of Science and Technology of China and Tencent’s YouTu Lab have developed a tool to combat “hallucination” by artificial intelligence (AI) models. 

Hallucination is the tendency for an AI model to generate outputs with a high level of confidence that don’t appear based on information present in its training data. This problem permeates large language model (LLM) research. Its effects can be seen in models such as OpenAI’s ChatGPT and Anthropic’s Claude.

The USTC/Tencent team developed a tool called “Woodpecker” that they claim is capable of correcting hallucinations in multi-modal large language models (MLLMs).

This subset of AI…

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Despite a broad-based rally that has pushed digital asset prices to levels not seen in years, the NFT market remains stubbornly mired in a bear. 

In the past week, large caps such as bitcoin have surged as much as 22%, climbing from $28,000 to a peak of $35,000 on Monday. Bitcoin in turn dragged much of the industry higher, with only two assets – Huobi’s HT and Trust Wallet’s TWT – among the top 100 by market capitalization in the red on a 7-day basis, per CoinGecko. 

Despite the broad-based rally, however, the NFT sector has largely failed to rise. 

According to data from Nansen, floor prices – the lowest price at which a single NFT for a given collection can be purchased…

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In the Web3 space, one of the key challenges for new projects and products is to get a motivated audience and for crypto-enthusiasts and investors — to find the most promising projects and get in earlier than others. This is where whitelists step in, addressing several critical aspects.

A whitelist is a curated list of addresses or users with authorized access to specific privileges. It grants entry to activities like presales, token sales, initial coin offerings (ICOs), nonfungible token (NFT) minting, or access to various events. It works as an exclusive guest list, allowing only approved participants to join the party while keeping others out.

Why whitelists are important

For…

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Developers who are building their networks using Arbitrum Orbit will now have the option to use Celestia for data availability.

Arbitrum is an Ethereum scaling solution and is one of the largest chains by total value locked (TVL) today. According to information on DeFiLlama, Arbitrum currently has a TVL of $1.82 billion and has an estimated 470 dapps deployed on its network. 

Arbitrum Orbit is a tool that enables its users to build layer-3 blockchains that settle onto one of Arbitrum’s layer-2 chains: Arbitrum One or Arbitrum Nova. 

Celestia is a modular data availability layer. Now that it will be integrated with Arbitrum’s Nitro stack, projects that have been built using…

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