From the new museum, IBM and AUXArt exhibit digital artworks that represent some of the most important works in the history of Generative Art. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
UXArt, an art museum in Decentraland
📍IBM and art lab UXArt have launched an art collection on the Decentraland blockchain metaverse. La collection Digital art is inspired by the work of Argentine artists Miguel Ángel Vidal and Eduardo MacEntyre, who in 1960 used an IBM machine to create the first forms of generative art.
As explained by Decentraland, the digital artworks recreate the iconic works of these artists using the same IBM machine strokes from back then. The art pieces debuted in Decentraland's metaverse, based on the Ethereum blockchain, during Decentraland's NFT ArtWeek in Argentina.
Two Bitcoin whales wake up
📍Two more Bitcoin whales have woken up after a decade. An entity that has owned 1.037 bitcoins since 2012 recently woke up to move its cryptocurrencies to a new wallet. This awakening, which was reported by the Lookonchain platform via Twitter (now called X), took place after 11 years of inactivity.
The Bitcoin whale in question acquired his cryptocurrency stash for $5.107 USD in 2012, the platform said. At the time of the transaction, this amount of BTC was valued at almost $38 million USD, representing a gain of more than 640.000%.
Likewise, market analyst Maartunn reported on July 23 that another entity with a total of 1.413 BTC had also woken up, moving his bitcoins after 10 years.
“Same activity, same risks, same regulations”
📍The International Monetary Fund (IMF) has called for regulating cryptocurrencies under the principle of “same activity, same risks, same regulations.” According to the financial organization, the collapse of several cryptocurrency companies, such as FTX, which operated billions of dollars, has accelerated the need to regulate the crypto industry globally.
The IMF explained that due to the risks that cryptoassets pose for investors, they should be regulated under the same principles that govern the financial industry.
The director of the IMF's official news site, Kristalina Georgieva, shared on Twitter the Valid identity document recently prepared by the organization with the aim of regulating cryptocurrencies. In this document, the IMF emphasizes that “cryptoassets could potentially replace official currencies and significantly impact countries’ economic policies,” so governments must adopt a comprehensive approach to regulate these assets.
Continue reading: Polygon Labs presents 3 pillars for open and inclusive governance in Polygon 2.0
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