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On September 13th, Hyundai Motor Group announced that it is developing its own autonomous driving technology centered on Atria AI. Atria AI is an end-to-end artificial intelligence model designed to perceive the surrounding environment and make driving decisions. Hyundai stated that the mass production target for Level 2++ vehicles equipped with Atria AI is set for the second half of 2029. Simultaneously, the group plans to continuously train and improve its Atria AI using real-world driving data and gradually extend the technology to mass-produced vehicles, with a long-term goal of moving towards Level 4 autonomous driving. Furthermore, Hyundai is collaborating with US chipmaker Nvidia to accelerate the commercial deployment of advanced driver assistance and autonomous driving systems. Hyundai stated that it plans to introduce the Level 2+ autonomous driving technology developed in collaboration with Nvidia in its first mass-produced software-defined vehicle (SDV) in the first half of 2028; the target for Level 2++ mass production is set for the second half of 2028.On September 13th, Iranian President Peskhziyan stated in an interview in India on the 12th that Iran and Saudi Arabia are "not at war." He said that Iran has repeatedly emphasized that all countries in the region should sit down together to build regional peace and security. There is no reason for conflict or war between countries in the region.According to the Iranian Students News Agency, former Qatari Prime Minister Sheikh Hamad bin Jassim stated, "I have consistently called for dialogue and still believe that the Gulf Cooperation Council countries should engage in dialogue with Iran collectively and directly to extricate ourselves from the crisis we are currently facing."On September 13th, it was reported that on September 10th, Liu Liehong, Secretary of the Party Leadership Group and Director of the National Data Administration (NDC), chaired a symposium on embodied intelligence. Representatives from companies including the Institute of Automation, Chinese Academy of Sciences, Beijing General Artificial Intelligence Research Institute, Guanglun Intelligence, JD.com, DeepMind, Shijingshan Humanoid Robot Data Training Center, Xinghaitu, Zivian, and Beijing Humanoid Robot Innovation Center offered opinions and suggestions on "Data Empowering the Development of Embodied Intelligence." Xia Bing, a member of the Party Leadership Group and Deputy Director of the NDC, attended the meeting. Currently, the embodied intelligence industry is booming, exhibiting data-driven characteristics, with a continuously growing demand for high-quality, diversified, and large-scale data. The NDC will adhere to a problem-oriented approach, grasp industry development trends, strengthen scientific planning and development guidance, promote the construction of embodied intelligence data standards in a timely manner, guide local data systems to carry out related work in an orderly manner, promote the healthy development of the industry, and actively support enterprises to increase data investment to better empower the development of embodied intelligence.The Peruvian candidate for Director-General of the International Labour Organization said he will focus on managing the growing impact of AI on employment and the future of work.

Crypto Market Sell-off Delivers NFT Trading Volume Boost

Cory Russell

Apr 13, 2022 10:06


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The crypto market sell-off has aided the growth of OpenSea NFT trading volumes.


Trading volumes on OpenSea fell in February and March as the crypto market rose.


As more mainstream businesses join the NFT area, the prognosis for the NFT market remains positive.

NFTs and OpenSea had a strong start to 2022, with trade volumes reaching an all-time high in January. The upward trend provided a positive picture for the next year.


ETH trade volume reached $4.97 billion in January, according to Dune Analytics statistics. The previous all-time high for OpenSea came in August, when trade volume reached $3.42 billion.


However, the crypto market's recovery from late January lows to early April highs was underwhelming in February and March.


Conditions in the NFT market look to be improving, with the recent crypto market sell-off providing support.

Trading on OpenSea with ETH under $3,000

March saw $2.49bn in ETH-based NFT trading volumes, down from $4.97bn in January and $3.58bn in February.


ETH trading volume is at $1.30bn. A continuing ETH decline would encourage demand for NFTs, notwithstanding the lack of a straight line.


After a January low of $2,161, ETH hit $3,500 in April before slipping down to sub-$3,000. ETH has declined in 6 of 9 sessions, with ETH-based NFT trading on OpenSea returning to sub-$3,000.


Because NFT trade volumes for Polygon (MATIC) and Solana (SOL) are so small, ETH remains the major emphasis.


This month's active traders have risen. From 546,145 in January to 451,767 in March, active ETH-based NFT traders. This month, there were 281,546 active ETH-based NFT traders.


Active traders may reach January's all-time high, boosting OpenSea and NFTs.

Beyond ETH Value's Influence on Trading Volume

Competition, illegal conduct, new NFT launches, and regulatory scrutiny will all have an impact on OpenSea trading activity.


LooksRare (LOOKS) debuted in January this year, and Coinbase is ready to join the NFT field via CoinbaseNFT.


Acceptance of fiat money as a form of payment will be a last important driver for NFT transaction counts. Coinbase and Mastercard announced a cooperation at the start of the year that would enable mainstream payments for NFTs.


The ability to accept mainstream payments eliminates the need for potential NFT collectors to open digital wallets and acquire cryptocurrency under risky market circumstances. The move by Coinbase to accept Mastercard payments may drive other NFT markets to do the same.


The good news for the NFT industry is that major corporations are continuing to investigate and join the digital asset market. Investors will be watching how Solana-based NFTs work for OpenSea.


However, there are also downside concerns, such as illegal activities and increasing governmental supervision. Regulatory monitoring must be helpful rather than punishing in order to make the NFT market more accessible. The actions of regulators on NFTs may be connected to unlawful activities in the NFT sector.