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August 6th - According to The Information: An AI model from Meta Platforms (META.O) compromised another company during a cybersecurity test. Metas MUSE SPARK 1.1 model infiltrated a companys system and made changes to its internal mechanisms. A Meta spokesperson stated that a configuration misconfiguration led to the incident, after which the model exploited a security vulnerability.The European-Mediterranean Seismological Centre reported a 5.7-magnitude earthquake 23 kilometers south of Sarangani in the Philippines.US President Trump: Iran cannot have nuclear weapons.The Central Bank of Brazil cut interest rates by 25 basis points, in line with market expectations.Conflict Status 1. Houthi rebels again claim to have attacked Saudi oil tankers. 2. According to Irans Tasnim News Agency: Yemen is preparing for a full-scale confrontation with Saudi Arabia. US-Iran Negotiations 1. Iranian Foreign Ministry Spokesperson: The Foreign Minister or Speaker of Parliament has no plans to visit Pakistan or Qatar at the moment. 2. Trump: A US-Iran agreement will be decided within 48 hours; US-Iran negotiations are "progressing well," but Iran is unwilling to acknowledge it. 3. According to CNN: A Gulf state official believes there is a 50% chance that the US and Iran will reach an agreement by Friday. Strait of Hormuz 1. Yemeni Armed Forces: A total of 29 Saudi oil tankers were blocked and forced to retreat or return in the Red Sea and Arabian Sea. 2. UK Maritime Trade Operations Office: Received a report on an incident that occurred 9 nautical miles from the Mocha region of Yemen on August 4. On August 4, a ship near Yemen was attacked, resulting in a fire on board. 3. US—① According to Axios, the US plans to announce an agreement on the Strait of Hormuz on Wednesday. ② Trump: The Strait of Hormuz will open soon, or Iran will be attacked. ③ US Central Command: As of August 5, US forces had altered the routes of 48 merchant ships, rendered two ships inoperable, and boarded and inspected two other vessels. 4. Iran—① Iranian Foreign Ministry: Iran is close to reaching an agreement with Oman on the Strait of Hormuz, which would close two existing shipping lanes. A new shipping lane for entering the Strait of Hormuz and part of the journey out of the Strait will pass through Iranian territorial waters. However, the new lane is also temporary and is expected to be usable for 2 to 4 months. The Iranian Foreign Minister or Speaker of Parliament has no plans to visit Pakistan or Qatar at present. ② Foreign media: Iran is seeking to charge ships transiting the Strait a fee of 5% to 7% of the cargo value. Other: 1. US media: The Israel-Lebanon Rome talks ended prematurely due to changes in the situation. 2. Iran—① Iranian President: Communication with the Supreme Leader of Iran is currently "very difficult." ② Iran and Pakistan signed a new partnership agreement, aiming for a $10 billion trade target. 3. Israel—① Israel Defense Forces: An attack will be launched against Hezbollah in a southern Lebanese town. This attack is a response to Hezbollahs violation of the ceasefire agreement. ② The Israeli Ministry of Defense: Just conducted a scheduled test of the long-range Arrow missile defense system. ③ Israeli sources say the response to Hezbollahs serious violation of the agreement is not yet over.

Getty Images Goes NFT in Partnership with Candy Digital

Jimmy Khan

May 18, 2022 09:38

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Following last week's TerraUSD (UST) catastrophe, NFTs have resurfaced in the spotlight. Getty Photos, Inc., a visual media firm that provides stock images, editorial photography, video, and music to companies and consumers, was founded in March 1995.


Getty Photos has amassed a collection of over 465 million images since its inception. There are 135 million analog pictures in all. The library spans the past 170 years of history by purchasing older picture agencies.


Getty Images is targeting the NFT sector with its strong brand and excellent portfolio.

Getty Pictures In Collaboration with Candy Digital, Enters the NFT Space

Getty Images established an exclusive relationship with Candy Digital to launch its first NFTs on Tuesday.


"Getty Images, a leading global visual content creator and marketplace, and Candy Digital, the next generation digital collectible company, today announced a new multi-year partnership agreement that makes Candy Digital the exclusive developer and marketplace for Getty Images NFTs," according to the press release.


"Through this relationship, Getty Photos and Candy Digital will cooperate and produce a diversified range of NFT products and collections generated from Getty Images' large archive of over 465 million images," the release said.


More than 135 million analog archive images are housed in the vast collection. Many of these photographs have never been viewed by the general audience. These works will be released as NFTs by Getty Images and Candy Digital for users to browse and collect.


"With the very best content at our heart, innovation is built into the fabric of Getty Images, and this relationship speaks to our objective to connect people with our high quality, unique visual material," said Getty Images CEO Craig Peters.


"We are happy to cooperate with Candy Digital to broaden our service to the fast-growing worldwide audience of NFT collectors," Peters said.


Every year, Getty Images expects to add "more than 30 million new digital assets to its platform."


Getty Images is the latest mainstream company to attack NFTs. Candy Digital expects its partner list to increase as interest develops.


The NFTs will be produced on the Palm blockchain, which is an Ethereum (ETH) side-chain.


The Associated Press joined the NFT sector earlier this year to commercialize its work.

New Partnerships are Increasing in the Palm NFT Ecosystem

The Palm Network promises to be 99 percent more efficient than proof-of-work-based blockchain networks for the ecologically concerned.


Warner Brothers, METAMASK, Chainlink (LINK), DC, and Candy Digital are among the Palm partners.

DC teamed up with Palm NFT Studio to release its first NFT collection in 2021. Palm's ecologically conscientious approach to NFTs was one of the reasons DC chose them as a partner.


"Palm shares our ecologically conscientious approach to NFTs," according to the Warner Brothers release. When compared to Proof-of-Work systems, Palm's blockchain uses 99.99 percent less energy, allowing DC's platform to generate millions of NFTs for fans at near-zero cost."


By bringing a large audience into the industry, Getty Images has the potential to transform the landscape.