• ChainwireTelept Inc. launches Telept City, a ground-breaking first-mover Web PC platform that empowers participants to create AI generated Non-Fungible Tokens (NFTs).
• Telept City is powered by an AI Generated Content (AIGC) image generation model and provides a novel and accessible AI Web 3.0 experience for users.
• The X-Native collection is an ever-expanding library of NFTs created using the Telept AI with exclusive IP on the Ethereum.
ChainwireTelept Inc. Launches Telept City
San Francisco, USA, 25th February, 2023 – ChainwireTelept Inc., a Web 3.0 startup, has announced today the launch of a ground-breaking first-mover Web PC platform called Telept City which empowers participants to create one-of-a-kind Artificial Intelligence (AI) generated Non Fungible Token (NFT) called X-Native.
Overview of Telept City
The intuitive game like user interface of Telept City is powered by its cutting edge AI Generated Content (AIGC) image generation model which has undergone rigorous fine tuning utilizing a vast database of images. This provides a novel and accessible AI web 3.0 experience for participants of all levels enabling them to generate NFTs with minimal effort and cost involved in the process.
X Native Collection
The set of NFTs produced by Telept’s AI exclusively for Telept city users is known as X Native (Official Name on OpenSea ‚Telept City: X Native‘). This concept is based on benchmarking the visual version of Ethereum Name Service and it consists of AI NFTs as well as X Native Mystery Boxes with exclusive IP on the Ethereum. As per Lika Lee, CEO at Telecomt, these NFTs have potential to produce significant social value beyond just their financial worth hence they are committed to making it easier for everyone to create them regardless of their experience level in this domain or not.
Beta Version Of X Native’s NFT & Mystery Boxes
The beta version of X Native’s NFT & Mystery boxes are now available which will be released officially on March 23rd as per its roadmap containing details regarding its social significance & exclusive privileges associated with them respectively.. Users can log onto telep city via Metamask wallet wherein they will be presented with an interface resembling a trivia game wherein questions were designed tapping into their thinking about self image through gamified approach in order to help them create desired NFT easily & quickly . The answers provided by user get interpreted by the AI which further generates user defined image ultimately getting encrypted as an NFT part if x native collection .
In conclusion , With The Launch Of Its Ground Breaking First Mover Web Platform Called ‘TelepCity‘, ChainwireTelep Inc Is Aiming To Make It Easier For Everyone To Create Unique Non Fungible Tokens (Nft’s ) With An Intuitive Game Like User Interface Powered By Its Cutting Edge Ai Generated Content Model Utilizing A Vast Database Of Images In Order To Provide A Novel And Accessible Ai Web 3 Experience For Participants Of All Levels Thus Making Their Creation Easier , Quicker And Cost Effective Along With Exclusive Privileges Associated With x Native Collection On Ethereum Blockchain .
• Revenants by Alethea AI is a non-fungible tokens collection built on the Ethereum network.
• Since its launch, 124 sales have been made at an average price of 23.02 ETH (~$39,287.09).
• Prices of NFTs from the Revenants by Alethea AI collection are determined by its development and promotion.
Revenants by Alethea AI
Revenants by Alethea AI is a non-fungible tokens collection built on the Ethereum network launched in 12 October, 2021. 100 items of the Revenants by Alethea AI collection can now be viewed at OpenSea. The total number of owners has reached 69 within 493 days since its release.
Price & Sales
The market capitalization of Revenants by Alethea AI NFT collection is 1,625 ETH. Since created the Revenants by Alethea AI, 124 collections sales were made at an average price of 23.02 ETH (~$39,287.09 at the time of writing). This created a total volume in 2,853.973 ETH. The floor price of Revenants by Alethea AI is 21.42 and the 30-day trading volume is kept at 32.50 ETH. The payment tokens of the Revenants by Alethea AI collection are ETH, WETH.
Why Are Some NFTs Expensive?
NFTs are very new to the blockchain ecosystem and are still in their infancy which makes it difficult to determine their value as there is no historical data or precedence that can assist in determining their value accurately . NFT projects that started at early stages have garnered legitimacy purely because they had a first-mover advantage and could learn from previous mistakes that other projects have faced while creating their own project model which adds more value to them than others that were created out for greed with no real purpose or utility being added to them except for exploiting market growth opportunities .
Revenants By Alethea’s Overpriced Or Underpriced?
It is difficult to determine whether NFTs from the Revenant’s Collection are overpriced or underpriced as this will become clearer when more active market participation takes place . The prices also depend on how well developed and promoted these collections are so it’s important for developers to focus on these factors if they want their project to be successful .
Examples Of Tokens From The Collection
Thiruvalluvar: Revenant #1 Julius Caesar: Revenant #2 Machiavelli: Revenant #3 Karl Marx: Revenant #4
• Tether, the company behind the USDT stablecoin, has managed to improve its financial situation drastically and ended 2022 with a $700 million net profit.
• Tether was able to get all of its commercial paper off its books by the end of 2022 and an attestation report from BDO Italia confirmed this.
• The only question mark against Tether’s financial situation is that it has yet to undergo a full financial audit which would give unrestricted access to its books.
Tether Improves Financial Situation
Beleaguered throughout 2022, Tether has managed to improve its financial situation drastically and top it all with a $700 million Q4 net profit. A large part of which was commercial paper, however the improved finances have allowed Tether to get the commercial paper off of its books. It had given itself a target of doing this by the end of 2022 and an attestation report, provided by top-5 accounting firm BDO Italia at the end of December 2022, confirmed this.
BDO Italia Attestation Report
The report vouched for the integrity of Tether’s own Consolidated Reserves Report, stating that there was no longer any commercial paper backing, that it held $67 billion in consolidated assets, and that it held excess reserves of at least $960 million. Paolo Arduino, CTO of Tether commented on his company’s progress: “After a tumultuous end to 2022…we are proud of how Tether has continued to be a driving force in rebuilding trust within the crypto industry”.
Continued Organic Growth
Not only were they able to smoothly execute over $21 billion dollars in redemptions during chaotic events last year but also issued over $10 billion USD₮ as an indication for continued growth and adoption for their product. This quarter alone generated over $700 million in profits adding onto existing reserves showing stability even under bear markets or black swan events.
Question Mark About Financial Audit
The only real question mark against Tether’s financial situation is that a third-party attestation is only really a snapshot at a particular time and not confuse with full financial audit which would allow full and unrestricted access to books. Until such time that they do undergo such an audit suspicions will remain among some detractors .
This article is provided for informational purposes only; not offered or intended as legal, tax, investment advice etc..
• The United States Department of Justice has launched a probe into Silvergate Capital Corp. and its dealings with bankrupt crypto firm FTX and its sister concern Alameda Research.
• The DoJ is now looking into the operations of Silvergate Captial Corp., the parent company of the fintech and crypto-focused Silvergate Bank, which was one of the chief backers of FTX.
• Federal prosecutors in the DoJ’s fraud section are conducting a criminal probe into the bank’s dealings, especially those with FTX and Alameda Research, as it had been hosting several accounts tied to businesses associated with FTX founder Sam Bankman-Fried.
DoJ Probes Silvergate Capital Corp.
The United States Department of Justice has launched a probe into Silvergate Capital Corp. and its dealings with bankrupt crypto firm FTX and its sister concern Alameda Research.
Silvergate Bank Investigated
The DoJ is now looking into the operations of Silvergate Captial Corp., the parent company of the fintech and crypto-focused Silvergate Bank, which was one of the chief backers of FTX. This resulted in a net loss of $1 billion for the bank in the fourth and final quarter of 2022 after over two thirds customer withdrew deposits worth $8 billion after FTX collapsed.
Criminal Probe Launched
Federal prosecutors in the DoJ’s fraud section are conducting a criminal probe into the bank’s dealings, especially those with FTX and Alameda Research, as it had been hosting several accounts tied to businesses associated with FTX founder Sam Bankman-Fried. This has incited increased scrutiny from government bodies like US senators requesting details about risk management practices related to these companies.
Silvergate used to be a small US organization till it went public in November 2019; soon it entered the crypto market becoming an important feature as a bank for companies that were rejected by traditional banking service providers. Its shares reached an all time high before plummeting 88% due to FUD among investors because increasing judicial scrutiny weighed down performance creating panic selling resulting in layoffs being implemented to mitigate damages incurred by it.
Could Charges Be Brought?
Although no charges have been brought against Silvergate yet, that eventuality is possible given current anti-crypto sentiments among most U.S government departments such as DOJ fraud section conducting further investigations on its connections to business associated with Sam Bankman-Fried