CryptoWatch: Meta and OpenAI’s NFT experiences available, Nexo’s lawsuit from US states
CryptoWatch is here to deliver the latest news to the world of blockchain this past week, where technology companies and developments bring light to the latest in the world of cryptocurrency. The top news available to all centers on NFT’s rise in Meta and OpenAI’s experiences, as well as Nexo’s lawsuits in various US states.
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An illustration photo taken in London on May 8, 2022 shows gold-plated souvenir cryptocurrency Tether (USDT), Bitcoin and Etherium coins arranged next to a screen showing a trading chart.
Meta allows NFT sharing on platform
Heading to your Instagram or Facebook accounts, users can now enjoy a new feature from Meta that allows them to show off their tokens to the public, and it will be available for viewing on their profiles. It’s the latest feature for the company’s social media platforms, especially for NFTs that saw integration last week.
The meta news release shows that people just need to connect their digital wallets to their social media accounts and they can bring the non-fungible tokens over to their platforms. The feature is also available for cross-posting from Instagram to Facebook or vice versa, giving audiences a chance to show their NFTs to different places on the internet.
Also read: CryptoWatch: China is the world’s blockchain leader and NFTs on the rise with Apple, Melania Trump
OpenAI’s DALL-E program
DALL-E is OpenAI’s famous image generator that delivers artwork and pieces designed by users or create new ones from known inspirations or creations. And while it’s not exclusive to making NFTs, the AI digital image generator centers around many experiences that anyone can access from the company.
OpenAI recently made DALL-E available for public access in its beta program, where users no longer have to wait for the opportunity to use the feature. It aims to deliver the system to many users by only registering on their platform and without a waiting list as before.
As a digital artwork generation platform, it brings a host of new features that people can use to create their NFTs without any hassle or extensive work.
Nexo’s lawsuit
Nexo is a well-known cryptocurrency lender in the market, and the company is massive with many operations and customers at the moment. However, it allegedly engaged in the wrong business by offering various services outside the permits and licenses it has available, particularly with securities on the “Earn Interest Product.”
New York Attorney General Letitia James claimed that her office is pursuing a lawsuit against Nexo and that they are not the only ones suing the company. Seven other states have already filed a similar complaint from New York, with offices from California, Kentucky, Maryland, Oklahoma, South Carolina, Washington and Vermont.
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Written by Isaiah Richard
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