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Produced by Daniel Aharonoff & Mogul Media AI

Addressing AI's Impact: Governance and Ethics Ahead

The Urgent Call for Responsible AI Governance As the landscape of artificial intelligence continues to evolve at an unprecedented pace, the recent remarks made by President Joe Biden during his State of the Union address resonate with a growing urgency. The implications of AI technology are reaching into every facet of our lives, and the necessity for a robust framework to govern its development and application has never been more critical. For those interested in understanding the principles behind AI governance, consider exploring Artificial Intelligence: A Modern Approach, Global Edition . A Strident Call to Action In his address, President Biden underscored the duality of AI's promise and peril, stating: Strengthening penalties on fentanyl trafficking Passing bipartisan privacy legislation to safeguard children online Harnessing the potential of AI while mitigating its risks Banning AI voice impersonation These priorities reflect a comprehensive approach to not o...
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Produced by Daniel Aharonoff & Mogul Media AI

Magic Eden's Retro Diamond Drop: NFT Rewards Boost

Magic Eden Introduces Retro Diamond Drop to Enhance Cross-Chain Rewards Program

Magic Eden, the multi-chain marketplace for NFTs, has recently unveiled its new Retro Diamond Drop as part of its cross-chain rewards program. This exciting addition allows traders who have been active on the platform since its launch on Solana in September 2021 to claim Diamonds, akin to rewards points, based on their trading volume, number of trades, total collections owned, and total NFTs owned. Moreover, users with a 100% loyalty score, indicating exclusive use of Magic Eden for listings and pools, are eligible for a 100% bonus on their Diamonds.

Key Points of the Retro Diamond Drop:

  • Claiming Diamonds: Users can claim Diamonds based on their trading activity and engagement with the platform.
  • Loyalty Bonus: Exclusive users of Magic Eden receive a 100% bonus on their Diamonds.
  • Expansion to Other Chains: While currently available for Solana, Diamonds will soon be extended to other chains, starting with the upcoming Ethereum NFT marketplace in late February.

Magic Eden Rewards, launched on January 23, aims to reward all contributors to the NFT community, including traders and collectors. Unlike traditional rewards programs that focus solely on listing and placing offers, Magic Eden Rewards also incentivizes users for purchasing native listings on the platform and accepting offers. General Manager Tiffany Huang highlighted that users can claim Diamonds across all wallets used on Magic Eden, emphasizing inclusivity and accessibility.

Future Prospects and Benefits:

  • Cross-Chain Integration: Diamonds will be integrated into Magic Eden’s Ethereum marketplace and subsequently expanded to Bitcoin and Polygon.
  • Loyalty Recognition: Magic Eden emphasizes rewarding loyalty across past, present, and future activities on the platform.
  • Non Fungible DAO Collaboration: Users engaging with Magic Eden’s ecosystem will benefit from the upcoming NFT token drops by the Non Fungible DAO, aligning parallel reward systems to enhance user experience.

The collaboration between Magic Eden and the Non Fungible DAO signals a commitment to rewarding and empowering users within the NFT space. While the specifics of the NFT token distribution are pending finalization, the parallel systems of Diamond rewards and NFT token drops aim to provide comprehensive benefits to users engaged with both platforms. As Magic Eden continues to innovate and expand its rewards program, users can anticipate further opportunities to enhance their NFT journey.

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