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How Blockchain Technology Helps The Metaverse Just As It Helps Cryptos Like Dogetti

By
TI Partners
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0

The metaverse, a concept that was once only possible in science fiction, is quickly becoming a reality. With the rise of virtual reality and other immersive technologies, we are inching closer to a world where we can fully interact with a digital realm. In this world, blockchain technology will be crucial. It’s been heralded as the backbone of the future digital assets economy, and its impact on the metaverse could be as huge as its effect on cryptocurrency, where coins like Shiba Inu (SHIB) or Dogetti (DETI) are very much dependent on it. A similar relevance applies to NFTs, which have become a crucial cornerstone of the metaverse experience.

Why Blockchain Technology Is So Important To The Metaverse

An important benefit of using blockchain technology within the metaverse is the ability to create secure and trustless ecosystems. In contrast to traditional systems, where intermediaries are required to facilitate transactions, blockchain allows for peer-to-peer transactions that are verified and recorded on a distributed ledger. This means that transactions can occur without the need for a centralised authority, reducing the risk of fraud and manipulation.

Another benefit of using blockchain technology in the metaverse is the ability to create unique digital assets. These assets can be anything from virtual real estate to in-game items, and they can be bought, sold, and traded just like physical assets. By utilising blockchain, these assets can be stored securely and transferred seamlessly between users, creating a new economy that operates entirely within the metaverse.

Perhaps the most significant benefit of using blockchain technology in the metaverse is its potential to create new revenue streams for content creators. In the current digital landscape, content creators often struggle to monetise their creations, but with blockchain technology, they can create and sell unique digital assets that are exclusive to their brand. This creates a new avenue for revenue creation, which can help fuel the growth and development of the metaverse. And as it’s decentralised, the content creators enjoy far greater rewards here than in other systems.

How Are NFTs Important To The Metaverse?

Metaverses – a shared and immersive virtual world – have always existed in the form of multiplayer online games but could now enter a new realm with the beginnings of a new virtual society already visible. Such a society within the metaverse requires a functional economy, and there is a case to be made that non-fungible tokens – records of digital ownership stored in the blockchain – could be the foundation of such a virtual economy.

NFTs will enable authentication of possessions, property, and even identity as each NFT is secured by a cryptographic key that can’t be deleted, replicated, or destroyed and allows for decentralised verification. We may see NFTs create something resembling free markets within the metaverse to create an online marketplace that resembles a genuinely human society. It underlines the exciting potential of NFTs and the crucial role they will have in the flourishing of the metaverse.

How Does Blockchain Technology Help Cryptocurrencies?

At its core, blockchain technology provides a secure and transparent way to store and transfer digital assets. This is a vital function in the metaverse, where digital currency and digital assets will be the primary means of exchange.

We have already seen how important blockchain technology is in facilitating cryptocurrency. Take, for example, the new presale coin Dogetti. It operates on the blockchain technology provided by Ethereum, and this has allowed it to create a vibrant platform, offering DogettiDAO and DogettiNFTs, which will allow buyers to mint their own special and unique NFT pets.

Unleashing the Power of Blockchain Technology: A Promising Future Ahead for Dogetti

Why is this important? The blockchain technology has helped Dogetti create an ecosystem that is more than conducive to their desire to be a decentralised community-owned project. Dogetti’s ecosystem reflects this in how it places a 6% tax on its transactions from which it allocates 2% into the pockets of those who hold DETI tokens. The blockchain technology also allows Dogetti members to trade and share digital assets within its NFT Marketplace. Lastly, it comes with the DogettiDAO feature that enables members to have a say in the decision-making process of Dogetti.

This emphasises the importance of blockchain technology to allow cryptocurrencies to flourish. Dogetti’s ability to run on the Ethereum blockchain technology enables it to design its platform that makes it what it is.

 

For more information on Dogetti, see below:

Dogetti (DETI)

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

The Four Elements and Astrological Readings

By
Tiamiyu Ismail
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0

Fire, Earth, Water and Air are the four elements of life. It is believed these vital forces are present at varied degrees in all creation and they influence the course of life.

Fire is dominantly yang (masculine). Its Shih is (energy) is quick, strong and sharp. Contradict its law to your peril. Nobody escapes the fire unhurt. Your bargain is either a complete annihilation or an enduring mark of the fairy wrath.

Earth is Yin and Yang in harmony. The abode of all befalling, the earth has a Shih that is stable, accommodating and regenerative. It’s antithesis either rots to nothingness or is allowed to spring forth a new leaf.

Water is dominantly Yin (feminine). It’s Shih is receptive and adaptive. Water runs downward and takes the form of its enemy. By this self transfiguration, water consumes up the ego and pride of the enemy, and could render it afloat emptied.

Air is Yin and Yang in dialectic. The Shih is reflective, and expressive. The air overpowering the enemy is protracted and seldom direct. The air is so benign that even at the height of its Shih, it only tosses its enemy about until the latter finds it’s misfortune in the way.

Astrology believes it is based on the nature of these four elements that human beings inherit and exhibit traits that determine their dispositions and fate in the outer world. Though it is not uncommon for an individual to draw strength across the four elements through life, one element is usually strongest and dominant in the individual. That is their sun sign.

According to Zodiac reading, the dominant element in a person’s personality is based on the exact position of the sun while it is being orbited by the earth at the time of their birth.

The Fire Signs are often quick witted and highly spirited; they are very strong and domineering among their peers. They love to exert their dominance in every situation. Hence, they are the likeliest to inspire fear and overcome their challenges or enemies but are least inclined to see the opportunities in their challenges or the consequences of their actions.

The Earth Signs are the stable folks among us. They are very accommodating and resilient in challenging situations. These individuals are the likeliest to turn their challenges into opportunities. Though insight usually takes time, their stability and resilience enable them to triumph eventually.

The water signs are adaptive individuals with an extraordinary sense for opportunities. Because they naturally flow downward to the soft path, they are the quickest to see the opportunities in any problem or setbacks.

And finally, the air signs are usually indecisive due to their natural knack for arts and reflection. The air signs are motivated to consider all possibilities including opportunities and risks. Though the most spatially gifted, the air signs are not the best friends of time.

OpenAI CEO Sam Altman Reacts to Musk And Other Tech Leaders Call For Pause on Artificial Intelligence

By
Ojukwu Emmanuel
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0

OpenAI CEO Sam Altman has reacted to Tesla and Twitter CEO Elon Musk, and other tech leaders’ call for a pause in the ‘out of control’ Artificial Intelligence (AI) race.

Altman who spoke virtually at an MIT event disclosed that he agreed with part of the letter, while also noting that the letter wasn’t the right way to go about it.

He said,

“I think moving with caution and an increasing rigor for safety issues is really important. The letter I don’t think was the optimal way to address it. I also agree as capabilities get more and more serious, that the safety bar has got to increase. We are doing other things on top of GPT-4 that I think have all sorts of safety issues that are important to address and were totally left out of the letter”.

Altman’s disagreement with Musk and other tech leaders’ call for a pause on AI is coming after some of the biggest names in the tech industry are calling for AI labs to stop the training of the most powerful AI tools, for at least six months, citing profound risk to society and humanity.

The letter was written just two weeks after Altman OpenAI announced GPT-4, an even more powerful version of the technology that underpins the viral AI chatbot tool, ChatGPT. The letter stated that the pause should apply to AI systems more powerful than GPT-4, also stating that independent experts should use the proposed pause to jointly develop and implement a set of shared protocols for AI tools that are safe beyond a reasonable doubt. These tech leaders disclosed that if the pause is not put in place soon, governments should step in and create a moratorium.

Altman who is the CEO behind the company that created the buzzing chatbot ChatGPT believes artificial intelligence (AI) technology will reshape society, however, he believes it comes with real dangers, but can also be the greatest technology humanity has yet developed to drastically improve human lives.

In an interview last month with ABC News, he was emphatic that OpenAI needs both regulators and society to be as involved as possible with the rollout of ChatGPT 4, insisting that feedback will help deter the potential negative consequences the technology could have on humanity. He added that he is in regular contact with government officials.

He however expressed concerns that these models could be used for large-scale disinformation, due to the fact that they are now getting better at writing computer code, which he feels could be used for offensive cyberattacks.

Other Artificial intelligence experts have also become increasingly concerned about AI tools’ potential for biased responses, the ability to spread misinformation and the impact on consumer privacy. These tools have also sparked concerns about how AI can pose a serious risk to professions, enabling students to cheat, leading to massive job loss, and the likes.

Despite buzz to the contrary, OpenAI is not already working on a successor to Chat GPT-4, CEO Sam Altman says. A March letter signed by Elon Musk and a group of artificial intelligence researchers called for a halt in the development of large language models “more powerful than GPT-4” until safety protocols are in place. However, OpenAI is not training GPT-5 and “won’t for some time,” Altman said at a conference. He said his firm is keen to address concerns about AI, but that the letter was vague “about where we need the pause.” (LinkedIn News)

IMF Urges Nigeria to Increase Tax Bracket to Address Growing Debt Stock

By
Samuel Nwite
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0

The International Monetary Fund (IMF) has asked Nigeria to raise incomes from taxes, particularly through ensuring compliance and expanding the tax net, creating a medium-term plan to reduce its debt vulnerabilities.

Nigeria has been grappling with a burgeoning public debt profile amid faltering oil revenue that has made the country’s treasury empty. Though Africa’s largest economy recently introduced a new tax regime, it ranks the lowest globally at 8 percent tax-to-GDP ratio.

The Debt Management Office (DMO) announced in March that the country’s debt stock as at December 2022 had reached N46.25 trillion. Given recent borrowings by the federal government, the debt stock is expected to hit N77 trillion by the end of May.

Thus, the IMF, in its latest Fiscal Monitor, titled; ‘On the path to Policy Normalization,’ released Wednesday during its joint spring meetings with the World Bank, said Nigeria’s debt is projected to keep rising, creating the need for increased revenue generation from taxes.

“In general, what we are saying about Nigeria is the need for a medium-term plan to reduce debt vulnerabilities over time and is because Nigeria has very low tax revenues. So, that makes it more vulnerable to these types of shocks and tightening global conditions,” Paulo Medas, division chief, Fiscal Affairs Department at IMF, said.

“What we advocate is raising taxes which are going to create space not only to manage debt but also to spend on other priorities. And the other part of what we say is that Nigeria has not benefited as much from the windfall of the oil prices in the past because a lot of it has been spent on these untargeted energy subsidies.

“By shifting to more targeted subsidies, you can reduce the fiscal deficit, and you can use those resources on other priorities that actually can promote higher growth in the future such as education, and health, and reduce the deficit. So having more targeted energy subsidies actually can be very beneficial both for fiscal, debt dynamics, and growth.”

In 2020, Nigeria increased its Value Added Tax (VAT) from 5% to 7.5% as part of the government’s push to expand the scope of revenue generation amid dwindling oil revenue. But compared to several other countries of its status, the 7.5% VAT increase was considered not enough as there have been shortfalls in other areas of taxation.

Medas said Nigeria has “a lot of room for increasing the tax base and improving tax compliance” given that it has one of the lowest tax revenues in the world as a share of GDP.

While growing debt has become a global challenge led by the US and China, the world’s largest economies, the IMF said the impact will be heavier on developing economies.

The fund said public debt is growing faster than projected before covid globally as a result of the debt volumes of the US and China. Other large economies such as Brazil are also seeing rapid growth in their debt-to-GDP ratios.

The report said low-income developing countries had been hit by several concomitant shocks, including the COVID-19 pandemic and the cost-of-living and food security crises, which have taken their toll on public finances.

“Fiscal deficits in low-income developing countries, at an average 4.2 per cent of GDP in 2022, showed moderate improvements relative to the worst of the pandemic. Primary spending remained stable at 16.9 percent of GDP, just below its 2021 level, on average, as countries increased fuel subsidies and social spending to respond to rising energy and food import prices.

“The increase in spending was larger among commodity exporters Burundi, Democratic Republic of Congo and oil exporters Nigeria, Yemen, with the latter group benefitting from more fiscal space thanks to high energy prices. In non-oil commodity exporters, the average fiscal deficit rose by 0.6 percentage points in 2022, reversing the improvement in 2021, as both primary spending and debt service payments increased,” the IMF said.

The federal government has said that it plans to increase VAT further to 10%, and is in consultation with stakeholders to determine the kickoff date.

How to Leverage Strategic Blog and Content Plan to Improve the Performance and Visibility of Your Brand

By
Tiamiyu Ismail
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0

Websites are the first contact point for any business. Your business’ website can influence the opinion of people about your brand as well as inform the decision of your customers. Blogs are important parts of a business website. Blog articles show that a business has authority in the field of its business. In a digital age, blogs mean more. The marketplace is digital and people search for a lot of things online. Thus, having a structured blog can ensure your site is organically ranked and increase the visibility of your brand.

Studies have shown that 75 percent of people judge the credibility of a business based on the design of its website; credibility has a direct relation to how likely people are to make purchases and web design has a direct impact on conversion.

A content plan gives a logical flow to your blog articles. A content plan gives a website a structure and Google algorithms can find the site when they are optimized for the field.

Furthermore, a content plan gives consistency to your business. These plans are structured to reflect the positions of the brand and help to project the brand image. The average online attention span most websites get to make an impression is 10 seconds (Attention span). Most readers would scan through the content before reading and if they can’t see a structure or guide, they easily lose focus.

How to Optimize Your Blog

Some of the ways you can maximize your content or blog include the following:

  1. Determine the area(s) where you want to be seen as an expert.
  2. Design a content plan that everyone can follow on a monthly or weekly basis
  3. Generate a proper guide for writing articles that is in line with the company’s brand.
  4. Advise writers to produce engaging articles that are short and straight to the point.
  5. The use of images, infographics and charts to illustrate what the article is about.
  6. Links from other social media platforms like YouTube should be included when relevant.
  7. Provide credibility for the articles by including backlinks to more credible sites.
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