Is there a better way?

Good Morning Instagram wants to verify users’ ages using new tools, including facial recognition. We’re also wondering: since crypto crashes and layoffs are rampant at blockchain companies, why are people still betting big on NFTs? How old are you again? Instagram is testing using facial recognition tools to confirm age on the platform, Meta announced [...]

Is there a better way?

Good Morning Instagram wants to verify users’ ages using new tools, including facial recognition. We’re also wondering: since crypto crashes and layoffs are rampant at blockchain companies, why are people still betting big on NFTs?

How old are you again?

Instagram is testing using facial recognition tools to confirm age on the platform, Meta announced today.

People will be able to verify their age in three ways: By submitting a picture of your ID card, taking a video selfie or asking mutual followers how old they are. Meta calls this last part “social vouching,” which means it’s time to start sharing your Real age.

  • For video selfies, Meta has partnered with Yoti, which analyzes facial features to verify a person’s age without revealing their identity.
  • Meta said that after the selfie was shared between the two companies, it is removed.

The company is also expanding its AI tools To make sure the experience is tailored appropriately.

  • This includes preventing underage users from accessing age-restricted features such as Facebook Dating or mentorship.

Meta is facing great public pressure to make its platforms safer and less toxic. Privacy bills, such as those being proposed in California, and the Children’s Code in the UK can also add to the pressure.

The meta goes to great lengths to explain why it is necessary to confirm people’s age in order to create a less toxic environment for everyone, especially teenagers. But with its track record on data privacy – and with other companies facing heat for using AI tools in classrooms – is it really best to share selfie videos of kids with third parties? way?

— Nat Rubio-Litch (E-mail , Twitter,

NFTs keep riding the wave

Despite crypto falling from grace, tech companies are still betting on NFTs, even though many were not in the blockchain space initially.

Ebay acquired NFT marketplace KnownOrigin as a part of its crypto push. Last year it began letting users trade NFTs, and last month it launched its own collection.

  • Others are also showing NFT enthusiasm. Salesforce announced plans to launch the NFT cloud service in February (though its employees weren’t happy with it).
  • GameStop recently announced plans for both the NFT marketplace and crypto wallet. And this week, Shopify added new integrations for people to use their NFTs.

VCs also continue to pour money into NFTs. Startups associated with NFTs have raised over $3.3 billion in the last one year. Marketplace Magic Eden raised $130 million in Series B this week, three months after closing a $27 million Series A.

But is the hype worth the risk? Crypto is crashing, and there have been layoffs at major blockchain companies.

  • Last month, Morgan Stanley warned that the NFT market could crash as the crypto plummets. Meanwhile, trading volume has declined this year, and sales revenue was down 20% month-on-month in May.
  • And the marketplaces are killing themselves too: OpenC has been plagued by lawsuits and fraud for issues including plagiarism, plagiarism and insider trading, which led to the arrest of its former executive. Earlier this year, the Saint, which sold Jack Dorsey’s tweets for $2.9 million, closed most sales due to “massive” fraud.

Despite indications that NFTs may be in trouble, public enthusiasm is still high. Also one at the NFT.NYC conference puppy room And a meditation den, But as crypto crashes, potentially taking down NFTs with it, and fraud continues in the space, companies want to keep their guard up.

— Nat Rubio-Lichto

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people are talking

Marc Andreessen doesn’t like discussing politics in the workplace:

  • “If you have group cohesion the company is much harder to work with. To add to that basically anything that drives division within the employee base, it’s just flat-out that’s asking for trouble.”

Mark Zuckerberg wants millions of people to spend money in the Metaverse for years to come:

  • “We expect basically about a billion people in the metaverse doing hundreds of dollars in trades.”

Elon Musk calls Tesla’s new factories in Germany and Texas “giant money furnaces”:

  • “Berlin and Austin are losing billions of dollars right now.”

play tricks

Twitter partnered with Shopify To build a sales channel app for all US Shopify merchants.

Graphisoft, Procon and TriNet join BSA. software alliance as new members.

Masterclass cut 20% of its workforce, Or about 120 employees.

in other news

Facebook Pay rebranded to Meta Pay The hope is that it will become the “digital wallet of the metaverse,” said Mark Zuckerberg.

Amazon wants to help people remember their dead relative’s voice. Alexa will soon be able to imitate any voice after listening for about a minute of audio.

Binance.US will start offering zero-fee trading of bitcoin. The exchange plans to cut fees for other tokens down the line.

Meta claims UK internet security law may take risks The messages are being “monitored and censored.” It is one of the company’s many complaints against the comprehensive online security bill.

Nothing in America won’t call When it releases next month. The phone (1) will be released in the UK and Europe, but the company has “big plans to launch US-supported smartphones in the future.”

The FDA will reportedly remove Juuls from the US market soon. He has been accused of sparking a boom in underage vaping.

Comcast and Google are the first to help make Netflix an ad-supported tier. The streamer is reportedly still in the early stages of developing this strategy.

Mastercard released their first album, titled Priceless. Each of the 10 songs features a “recognizable melody” of Mastercard’s brand sound.

Your data point of the day: According to a new report from the National Research Group, 42% of fans of online influencers say they follow a creator who supports crypto.

blockchain everything

Start your day with some crypto talk. Freakonomics Radio is launching a three-part series on crypto and NFTs. Guests include Brian Armstrong, Miami Mayor Francis Suarez and Ethereum co-founder Vitalik Buterin. The first episode dropped last night, and the next two are coming over the next few weeks.

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We need to do much more to ensure that our future is more equitable and inclusive and maximizes America’s potential. It’s not enough to make sure everyone is connected. We also need to expand the full range of digital opportunity for people, communities and institutions.

Click here to read more from Reliable Future

Thoughts, questions, suggestions? Send them to sourcecode@protocol.com, or our tips line, tips@protocol.com. Enjoy your day, see you tomorrow.

Source: www.protocol.com