NFTs are now spotted with Fakes as Demand Soars | NFTs | VARINDIA News Hour
We have already entered into the new age of technologies including Blockchain, DeFi, Crypto, NFTs and the Metaverse. Sales of NFTs, or non-fungible tokens, soared to around $25 billion in 2021, leaving many baffled as to why so much money is being spent on items that do not physically exist and which anyone can view online for free. NFT technology is helping to make art profitable again, but plagiarism and fakes are “becoming a massive issue” for both artists and buyers, warns a world-famous British artist who has crossed over into the digital space. NFTs are crypto assets that record the ownership of a digital file such as an image, video or text. Anyone can create, or 'mint', an NFT, and ownership of the token does not usually confer ownership of the underlying item. Plagiarism and fraud have been an issue since NFTs exploded in early 2021, but something shifted last fall. The explosion appeared to be from bots scraping artists’ online galleries, or even keyword searches on Google Images, and then creating collections with auto-generated texts. Those listings have proliferated on OpenSea.
It has come as evidence that there are a record number of fake NFTs in the marketplace. An NFT is a digital asset that can be an image, audio clip, or GIF and whose ownership is recorded on a tamper-proof digital ledger known as a blockchain. “NFTs are the future of art, without question. We’re increasingly living digital lives and NFTs allow us to take the images we love into this world – with an even further enhanced experience for the buyer. It’s the inevitable way forward. Over the last year, the NFTs market has exploded, with a digital-only piece of art selling for $69 million in 2021. Since then, an ever-growing number of artists and celebrities, fashion, music, tech and sports brands have been creating, buying and selling ‘tokens.’ This is attributable to two main reaso.
NFTs are now spotted with Fakes as Demand Soars | NFTs | VARINDIA News Hour
We have already entered into the new age of technologies including Blockchain, DeFi, Crypto, NFTs and the Metaverse. Sales of NFTs, or non-fungible tokens, soared to around $25 billion in 2021, leaving many baffled as to why so much money is being spent on items that do not physically exist and which anyone can view online for free. NFT technology is helping to make art profitable again, but plagiarism and fakes are “becoming a massive issue” for both artists and buyers, warns a world-famous British artist who has crossed over into the digital space. NFTs are crypto assets that record the ownership of a digital file such as an image, video or text. Anyone can create, or 'mint', an NFT, and ownership of the token does not usually confer ownership of the underlying item. Plagiarism and fraud have been an issue since NFTs exploded in early 2021, but something shifted last fall. The explosion appeared to be from bots scraping artists’ online galleries, or even keyword searches on Google Images, and then creating collections with auto-generated texts. Those listings have proliferated on OpenSea.
It has come as evidence that there are a record number of fake NFTs in the marketplace. An NFT is a digital asset that can be an image, audio clip, or GIF and whose ownership is recorded on a tamper-proof digital ledger known as a blockchain. “NFTs are the future of art, without question. We’re increasingly living digital lives and NFTs allow us to take the images we love into this world – with an even further enhanced experience for the buyer. It’s the inevitable way forward. Over the last year, the NFTs market has exploded, with a digital-only piece of art selling for $69 million in 2021. Since then, an ever-growing number of artists and celebrities, fashion, music, tech and sports brands have been creating, buying and selling ‘tokens.’ This is attributable to two main reaso
Technology video | 150 views
Udhampur (Jammu & Kashmir): As temperature is soaring in the country, the demand for traditional earthen pots has increased. It comes as a relief to potters of Jammu and Kashmir’s Udhampur as their income increases at this time of the year. The profession of the potter comes with a lot of challenges as they do not have any sale in winter season.
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Deepak Ku. Sahu, Director & Publisher, VARIndia - shares his view on VARIndia IT Forum 2010
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S.Mohini Ratna, Editor - VARIndia - Shares her view on VARIndia IT Forum 2010
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Impact analysis of Union Budget 2022-23 | Economical effect after Covid- 19 | VARINDIA News Hour
The finance minister presented the #Union_Budget_2022_23 in the midst of the third COVID wave, Omicron. The budget this year focused on building a governance and policy strategy for the next 25-year 'Amrit Kaal' period, while also seeking to continue measures undertaken over the last two years to support the economy affected by COVID-19. Key strategy areas are around a microeconomic welfare outlook to complement the macroeconomic growth outlook, promoting digitalisation and technology to recreate a virtuous capex cycle. We are witnessing a sharp rebound and recovery of the economy which is reflective of our country's strong resilience. This year's budget has underlined the government's focus on long term impetus to growth. While being a balanced budget it emphasizes on capital expenditure while contributing positively to the quality of fiscal policy.
While Fiscal Prudence and Management is concerned the Fiscal deficit is projected at 6.4% of GDP for 2022-23 BE with intent to reach a fiscal deficit level below 4.5% of GDP by 2025-26, with a fairly steady decline over the period. The fiscal deficit in RE 2021-22 is pegged at 6.9% of GDP. To enhance the Agriculture and Rural Economy, Kisan Drones' will be promoted for crop assessment, digitization of land records, spraying of insecticides and nutrients and the scheme under PPP mode to be launched for delivery of digital and hi-tech services to farmers. For Digital Outlay, One class-one TV channel' programme of PM eVIDYA will be expanded from 12 to 200 TV channels and there will be establishment of Digital University. It has been Proposed to introduce Digital Currency by RBI using blockchain technology, starting 2022-23 and there will be 75 digital banks in 75 districts which will be set up by scheduled commercial banks to encourage digital payments and Finally the Tax P
Technology video | 131 views
Fraudsters Exploiting Blockchain Security | Tracking Assets | VARINDIA News Hour
Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network which has gained popularity in recent years. It offers a unique structure for data accompanied by in-built security qualities. Blockchain relies on the principles of consensus, decentralization, and cryptography for ensuing trust in transactions. However, blockchain security issues have continued to trouble many organizations and early adopters. Apart from its initial application in cryptocurrency, it is now being used in healthcare, real estate, smart contacts, and other fields. The technology has been a great example of how security tenets in financial transactions and information transmission are transformed. It provides a one-of-a-kind data structure as well as built-in security features. Blockchain is based on the ideas of consensus, decentralization, and cryptography to ensure transaction trust. However, many blockchain security issues have arisen due to faulty technology implementation. A blockchain network can track orders, payments, accounts, production and much more. Because of the members sharing a single view of the truth, you can see all details of a transaction end to end, giving you greater confidence, as well as new efficiencies and opportunities.
Blockchain technology basically involves the storage of different bits of digital information, known as blocks, in a public database. The blocks of information have cryptographically secure links between them. Blockchain has become popular largely because of the limitation on ‘double spending.’ Blockchain does not allow the use of the same currency on two different transactions. All descriptions of blockchain technology point out towards cryptography, immutability, and decentralization. With cryptographic security and the assurance that no one can modify data without the kno
Technology video | 124 views
Need to strategize and address the growing | Multi-Cloud Networking Challenges | VARINDIA News Hour
To keep pace with growing user expectations around digital experiences while honouring data privacy and residency regulations, more and more applications are being decomposed and distributed across different cloud platforms. For NetOps and DevOps practitioners, this creates a need for simplifying app-to-app networking across multiple clouds as a foundation for distributing applications. Over 90% of enterprises are embracing a multi-cloud strategy. Simply put, a multi-cloud approach offers significant advantages to organizations seeking to optimize the Three Cs of Cloud: Cost, Capabilities and Compliance. Still, with all the advantages to be gained with a multi-cloud approach, executives should be aware of the downsides. It is time to address multi-cloud networking and distributed cloud services that can seamlessly integrate into your existing infrastructure and provide immediate value-add for existing and new applications to deliver, secure, and interconnect apps in multiple clouds without being an expert in each one by leveraging automation to build app-to-app networking and security policies across multiple clouds. The challenge in multi-cloud adoption is managing complexity, the more cloud environments your organization uses, the more complex the management task becomes. The problem lies in the diversity among cloud vendors. Each public cloud vendor has its own portal, its own APIs, and its own unique processes for managing its environment. Because there is no standardization across public cloud vendors, multiplying vendors means multiplying the management burden.
However, the advantage is from the side of cost control. Multi-cloud is the ability to provide developers and database administrators with a “self-service” experience, that is, the ability to quickly deploy their applications in their cloud environment of choice. Unfortunately, this can
Technology video | 124 views
Organizations getting into metaverse need to equipped | high tech capabilities | VARINDIA News Hour
When any organisation and users decide is going to adapt the technologies of metaverse and is capable of handling risk assessment for their infrastructure and connected devices, then only it is wise to get into the technology else it will be like jumping from frying pan to fire, since they will also expose themselves to a new class of security risks and vulnerabilities. The metaverse is a concept of a 3D digital world. It consists of virtual spaces that you can explore using an avatar you create. In the metaverse, you can play games, go shopping, hang out with friends at a virtual coffee shop, work with your colleagues in a virtual office, and much more. Some video games and work socialization tools have already implemented certain metaverse elements into their ecosystems. There are chances of personal data theft. As metaverse platforms would be able to collect images and other personal details of their users, children would potentially be exposed to even further privacy violations.
Cryptocurrency projects like Decentraland and The Sandbox already have their digital world up and running. However, the metaverse concept is relatively new, so most of its functionalities are still under development. Companies like Facebook (now Meta), Microsoft, and Nvidia have also started creating their versions of the metaverse. There are numerous ways such risks could be exacerbated in the metaverse. Unwanted contact could become more intrusive. The rise of virtual currencies is another challenge. To make the metaverse experience more immersive, companies are using cutting-edge technologies like blockchain, augmented reality and virtual reality, 3D reconstruction, artificial intelligence, and the Internet of things to power the 3D world. The continuous rise in cybercrime has revealed just how profitable it could be to break into a company’s or an individual’s online
Technology video | 153 views
Data privacy and misinformation will continue to haunt Meta in the metaverse | VARINDIA News Hour
#Meta’s disappointing Q4 2021 results have put even more pressure on the social media giant to get its #metaverse experiment right. More than three years after the Cambridge Analytica scandal, Meta still falls short of a credible strategy on data privacy and misinformation and these issues will continue to dog the company as it enters the metaverse, says #GlobalData, a leading data and Analytics Company. As per GlobalData, “Meta has left several metaverse-related questions unanswered. These include how its advertising business model will work without relying on targeted advertising and how it can ensure consumer safety in this digital world. The flood of misinformation on its Facebook platform has tarnished Meta’s reputation, and it’s likely that online harm and harassment will only amplify in the metaverse. It is still unclear how Meta will reconcile the need to monetize the metaverse with the promise of building a privacy-friendly virtual environment. As on its flagship social media platform, targeted advertising will lie at the root of data privacy and misinformation issues in Meta’s metaverse.
Meta’s weak outlook shows that the social media company still bears the scars of Apple’s iOS changes. It will need to dismantle its platforms’ targeted advertising infrastructure and replace it with a privacy-centric one. At the same time, the company is investing heavily in the metaverse, particularly augmented and virtual reality technologies, which has impacted profitability.” A report says, a number of companies are discussing that the metaverse rose every quarter in 2021. Virtual and augmented reality, digital media, artificial intelligence, and mobile gaming were some of the metaverse-related themes discussed on 2021 earnings calls. ‘Metaverse’ largely appeared on transcripts and is a tell-tale sign of analysts also being more curious about investments
Technology video | 142 views
Metaverse Pushing Data Usage | 20 Times in 10 Years | VARINDIA News Hour
#VARINDIA_News_Hour #VARINDIA #Breaking_News
The transition of digital ecosystem to #metaverse, where a person will feel immersed in a virtual world, will have the direct impact on the data usage like screen time and consumption of the bandwidth by 20 times across the globe by 2032 and telecom operators, Bharti Airtel and Reliance Jio are suitably placed to benefit from the surge in India, as per the report from Credit Suisse. The report said metaverse has enormous potential to further expand screen time and drive more bandwidth consumption. 'Internet traffic is already 80% video and has been growing at a 30% CAGR. Augmented reality and virtual reality technologies are expected to see a boom as these are the technologies that are required for accessing the metaverse. According to the report, while 5G will support the metaverse ecosystem, the emergence of 6G will enhance metaverse use cases. It said the gaming segment is one of the segments where early use cases of metaverse are expected.
The report highlighted that gaming is at an early stage in India and mobile gaming is being driven by mobile phones due to the emergence of affordable smartphones and 4G data services. Mobile internet remains the key medium for Indian users to go online, given relatively low fixed broadband penetration. The share of mobile gaming in online games is expected to increase in future, the report said. The report added that India is one of the leading countries in the world in terms of number of hours spent on mobile per day but it has low penetration of fixed broadband compared to global peers, which will be key to realise the full potential of metaverse. While it is too early to determine the impact of metaverse on Indian telcos' revenues, we believe Bharti Airtel with 17 percent of revenues from fixed line and Jio are well placed to benefit from surge in data usage driven by me
Technology video | 112 views
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What is Wheat Beer? | व्हीट बीयर क्या है?
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भारत में पहला BAR कौन सा है? Which is the First BAR in India? Do you know?
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एक Wine की बोतल की सेल्फ लाइफ क्या होती है? What is the shelf-life of a bottle of wine?
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The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.
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If you love homestyle cocktails, reviews of Alcohol, Drink kn
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