7:00-12:00: An Overview of the Latest Developments in Tech and Blockchain

03/31/2023 04:01 • Digital Disruptors • 96 views

7:00-12:00 Keyword: Do Kwon, zkSync, Shanghai Upgrade, OpenAI

Summary of important developments at noon on March 31

Technology is evolving at an unprecedented rate, and with it come numerous developments that promise to transform the way we live and work. The past few weeks have seen a flurry of activity, particularly in the blockchain and artificial intelligence space. In this article, we’ll take a closer look at four key developments that have been making headlines: Do Kwon’s fundraising round, zkSync’s launch, the Shanghai upgrade, and OpenAI’s new technology.

Do Kwon raises $12m for Terraform Labs

Do Kwon, the founder of Terraform Labs, has raised a significant sum in a recent funding round. The South Korean entrepreneur secured $12m from investors in a bid to expand the functionality of Terra, a decentralized finance platform. The funds will be used to hire new developers and build out the ecosystem surrounding the Terra blockchain.

zkSync launches to reduce gas fees on Ethereum

The Ethereum network has been plagued by high gas fees in recent months, which has made it difficult for smaller users to transact on the platform. zkSync, a Layer 2 scaling solution, hopes to solve this issue by enabling users to conduct off-chain transactions that settle on-chain. By reducing the number of on-chain transactions, zkSync aims to lower the cost of using Ethereum and make it more accessible to a wider range of users.

Shanghai upgrade brings new features to the VeChain blockchain

VeChain, a blockchain platform designed for the supply chain industry, recently underwent a major upgrade. The Shanghai upgrade brought a range of new features to the platform, including the ability to support on-chain transactions for multiple assets. The upgrade also improved the scalability of the VeChain network, making it better equipped to handle high volumes of transactions.

OpenAI’s GPT-3 technology set to democratize natural language understanding

OpenAI, the research lab founded by Elon Musk and Sam Altman, has developed a new technology that promises to revolutionize natural language understanding. The technology, called GPT-3, is a language model that can generate human-like text in response to prompts. GPT-3 has the potential to greatly enhance the capabilities of chatbots, digital assistants, and other natural language processing technologies.
In conclusion, the past few weeks have brought a raft of exciting developments in the tech and blockchain space. The fundraising round for Terraform Labs, the launch of zkSync, the Shanghai upgrade for VeChain, and the development of GPT-3 by OpenAI all promise to bring significant changes to their respective industries. These developments are a clear sign that the future of technology is set to be even more exciting than the present.

FAQs

Q: What is zkSync?
A: zkSync is a Layer 2 scaling solution for Ethereum that aims to help reduce gas fees.
Q: What is GPT-3?
A: GPT-3 is a natural language processing technology developed by OpenAI that has the potential to greatly enhance chatbots and digital assistants.
Q: What is the Shanghai upgrade?
A: The Shanghai upgrade is a major update for the VeChain blockchain that brings a range of new features to the platform.

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