• PitchBook AI
  • Posts
  • LeBron James Wears Rare NFT-Powered Nike Sneakers During NBA Playoffs

LeBron James Wears Rare NFT-Powered Nike Sneakers During NBA Playoffs

AI pioneer warns again dangers..

GM,

Fellow degens, welcome back to No Rug News! If you have just joined us on this journey, stamp your ticket and get ready for a weekly ride into Web3, NFTs, and Artificial Intelligence. Remember to buckle up your seat belt because sometimes it gets bumpy. 🤣🤣

Anyways, without further ado, let's get right into it.

SPONSOR: MORNING BREW

Wake Up to Morning Brew: Your Daily Shot of Business News Delivered Straight to Your Inbox

Are you tired of scrolling through endless news articles and still feeling like you're missing out on the latest business developments? Look no further than Morning Brew!

They know your time is valuable, so they carefully curate the most relevant and important news stories from around the world, and present them in a fun, engaging, and free newsletter. Whether you're a seasoned entrepreneur, a budding investor, or simply someone who wants to stay up-to-date on the business world, Morning Brew has something for you. Join over 4 million people who start their day with Morning Brew’s newsletter and discover why they’re the ultimate source of business news. Sign up now and never miss a beat.

Here are some takes on the latest news in the industry

  • LeBron James wears rare NFT-driven Nike sneakers during NBA playoffs. Cool kick dude 😎(cryptonews)

  • FTX seeks to claw back $4B from Genesis in a battle of the bankrupt. (Cointelegraph)

  • AI pioneer quits Google to warn about the technology’s ‘dangers’ (cnn)

  • Yuga Labs CEO’s Twitter Hack Wreaks Havoc on NFT Investors😱 (nftnews)

  • BRC-20 token standard spurs meme coin frenzy on Bitcoin (cryptonews)

  • Coinbase to cease issuing new Bitcoin-backed loans via Borrow service (Cointelegraph)

  • EA Co-Founder Jeff Burton joins P2Earn web3 gaming guild (nftnews)

  • Cardano’s founder highlights Bitcoin’s limitations and says ADA is better. Interesting 🤔(cryptonews)

  • French Senate proposal would allow influencers to promote cryptocurrency (Cointelegraph)

  • Goblintown NFT introduces Season 2 mint prioritizing worst traders (nftnews)

  • Pepe coin leaps ahead of DOGE and SHIB in trading volumes (cryptonews)

Here is what else we dug for you

LeBron James Rocks Exclusive RTFKT Nike Sneakers

During the NBA Western Conference Semifinals on May 3rd, basketball superstar (some would say G.O.A.T) LeBron James was seen sporting a rare pair of RTFKT x Nike Air Force 1 Genesis sneakers just before the Los Angeles Lakers' victory over the Golden State Warriors in Game 1. The limited-edition sneakers have gained attention due to their unique design and exclusivity in the NFT arena.

Here is What we know about the full story:

  • These one-of-a-kind sneakers can only be acquired by purchasing an Ethereum non-fungible token (NFT) crafted by Nike-owned subsidiary, RTFKT.

  • RTFKT co-founder Steven “Zaptio” Vasilev and COO Nikhil Gopalani gifted James a custom Clone X NFT avatar, further cementing his association with the label.

  • The rare RTFKT x Nike Air Force 1 Genesis sneakers, limited to 1,776 pairs, are exclusively obtainable by buying an NFT.

  • Genesis NFTs are listed on the secondary market starting at 0.42 ETH (approximately $790) on OpenSea, with the redemption deadline set for May 8.

AI Pioneer Quits Google to Warn About the Technology’s ‘Dangers’

Geoffrey Hinton, a prominent figure in the field of artificial intelligence and often referred to as the "Godfather of AI," has made a surprising announcement. He confirmed on Monday that he recently left his position at Google so that he could speak out about what he sees as the potential dangers of the technology that he helped to develop.

I left so that I could talk about the dangers of AI without considering how this impacts Google,” Hinton said in a tweet. “Google has acted very responsibly.”

Hinton is known for his contributions to deep learning, a subset of machine learning that has revolutionized the field of AI in recent years. His departure from Google has raised questions about the future of AI and the ethical considerations that need to be taken into account as this technology continues to evolve.

BAYC CEO’s Twitter Hack Wreaks Havoc on NFT Investors

The world of crypto and non-fungible tokens (NFTs) is no stranger to cyber-attacks, with hackers and scammers constantly on the prowl. Recently, Yuga Labs new CEO Daniel Alegre fell prey to such an attack, as his Twitter account was compromised, leaving several NFT investors financially drained.

Here is what we know about the story:

  • In a shocking turn of events on May 3, hackers managed to infiltrate the Twitter account of Daniel Alegre, the newly appointed CEO of Yuga Labs.

  • Greg Solano, the co-founder of Yuga Labs, confirmed the breach in a blog post, warning users to steer clear of any links associated with Alegre’s Twitter account.

  • Numerous NFT collectors have reported drained wallets after clicking on the fraudulent links shared via Daniel Alegre’s Twitter account.

  • Previously, hackers compromised the Discord channels of BAYC and Otherside by impersonating the channel’s moderator, Boris Vagner

SPONSOR: MORNING BREW

Stay Informed, Stay Ahead: Sign Up for Morning Brew’s Newsletter and Never Miss a Beat

With Morning Brew, you don't have to choose between being informed and being entertained. Their free daily newsletter delivers relevant news stories with a lighthearted, humorous approach. And with a 5-minute read time, it fits perfectly into even the busiest of schedules.

NFT Spotlight: Guilherme Marconi (GuiMarconi)

Guilherme Marconi

Over the past 15 years, Brazilian NFT artist GuiMarconi, also known as Guilherme Marconi, has established a reputation for producing outstanding art-related work.

Numerous prominent clients, including some of the most recognizable brands in the world like Nike, Absolut Vodka, AT&T, Puma, Mazda, and Coca-Cola, among others, have engaged him to work on a number of their high-profile projects. The NFT community has recognized and admired him widely due to his tremendous body of work.

KnownOrigin and Foundation, two of the most popular NFT platforms, now host GuiMarconi's NFTs. His work is in high demand from both NFT collectors and digital art fans, and he has made a name for himself as a key player in the field of digital assets.

GuiMarconi is destined to keep producing compelling and innovative works that stretch the limits of what is possible with NFTs. This is thanks to his great talent, meticulous attention to detail, and distinctive style. His contributions to the NFT industry are proof of the innovative new potential blockchain technology offers to artists all around the world.

Essential links: Twitter, Instagram

Meme Drop

Read our previous newsletters: