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Tariffs![[later] I don't get why our pizza slices have such terrible reviews; the geotextile-infused sauce gives the toppings incredible slope stability!](https://imgs.xkcd.com/comics/tariffs.png "[later] I don't get why our pizza slices have such terrible reviews; the geotextile-infused sauce gives the toppings incredible slope stability!")
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Stargazing 4
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Decay Chain
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Here’s one key thing you should know about Trump’s shock to the world economy: it could work | James Meadway
Mon, 07 Apr 2025 15:25:37 GMT
It’s hard to say if the president truly knows what he’s doing. But there is a precedent for the US causing short-term chaos and reaping long-term gain
It’s less than a week since Donald Trump’s sensational announcement that he was unilaterally ending the world’s trading system with the imposition of a 10% minimum tariff for trading with the US – and a very much higher rate for those countries unfortunate enough to have the US as a major export partner. Long-term allies such as Japan and South Korea have been hammered with tariffs of around 25%, while export-dependent poorer countries such as Vietnam, which sells about a third of its exports to the US, have been hit with tariffs in excess of 45%. A further round of global debt crises is possible as heavily indebted countries face the sudden loss of export earnings.
Global stock markets have tumbled as panicked investors dump shares, and political condemnation has been near-universal. China has already retaliated with 34% tariffs, threatening an escalating trade war. Right now, it looks and feels like disastrous overreach by a uniquely erratic administration at the behest of a president with a terrifyingly limited grasp of how the modern economy works.
Continue reading...Beijing says US threat to escalate tariffs against China is a ‘mistake on top of a mistake’ and amounts to blackmail
South Korea’s government has approved Tuesday 3 June as the date for a snap presidential election, following the removal from office of Yoon Suk Yeol last week over his declaration of martial law.
The move comes after Yoon’s removal after the country’s constitutional court voted unanimously on Friday to uphold parliament’s decision to impeach him over his ill-fated declaration of martial law in December.
Continue reading...FTSE 100 up as investors hope reports of planned US trade talks with Japan mean US will be open to negotiations
European stock markets have risen on Tuesday in early signs of a rebound from the punishing global sell-off triggered by US trade tariffs.
Stock markets in the UK and across the EU were in positive territory in early trading on Tuesday as some investor optimism returned after heavy falls as a result of Donald Trump’s “liberation day’” tariff announcements last Wednesday.
Continue reading...In focusing on the multilateral bonds that were forged to defeat Hitler, this entertaining account offers fresh disclosures about the course of the conflict
Can anything new be said about the second world war? Unexpectedly the answer is yes. Here are just a few of the surprising facts that I learned from this revelatory book. The Belgian army in 1940 was twice the size of the British Expeditionary Force. (The US army in 1940 was smaller still, smaller than those of Portugal or Sweden.) Almost all the French troops evacuated at Dunkirk chose to be repatriated rather than join the Free French. In 1942 pro-Russian feeling in Britain was so strong that War and Peace became a bestseller. Even in January 1945 the Japanese still had 1 million troops in Manchuria. The Indian prophet of non-violence, Mahatma Gandhi, considered Hitler “not as bad as he is depicted”. And so on.
Tim Bouverie has reverted to a traditional form to present the past afresh. His focus is not on the battlefield, nor on the Home Front, but on the relations between the allies who opposed Hitler. In the foreground are the leaders, especially Churchill, Roosevelt and Stalin, of course; but there are also walk-on parts for the foreign ministers, the ambassadors, the emissaries and others who participated in their discussions. This is a work of old-fashioned diplomatic history, which provides new perspectives on subjects that seemed familiar. One of its merits is to present the choices that faced the allied leaders as they appeared at the time, rather than with the benefit of hindsight.
Continue reading...Just weeks away from graduation, some international students at Arizona State University have been blocked from completing degrees.
The post At Least 50 Arizona State Students Have Now Had Visas Revoked, Lawyer Says appeared first on The Intercept.
Leaders around the world have reacted with a mix of a mix of confusion and concern after Donald Trump announced sweeping tariffs on some of its largest trading partners, upending decades of US trade policy and starting a possible global trade war. The tariffs range from 10% to 49% on all goods imported from abroad
‘Nowhere on earth is safe’: Trump imposes tariffs on uninhabited islands near Antarctica
War-torn and struggling countries among those facing steepest Trump reciprocal tariffs
Health secretary says chaos caused by fears of a global trade war will be ‘another layer of challenge’
US tariffs could adversely affect the supply of medicines to the UK, the health secretary has said.
Donald Trump announced a wide range of “reciprocal” tariffs on goods imported into the US, including a 10% levy on the UK as well as 20% on the EU, 34% on China and 46% on Vietnam.
Continue reading...Chief economist Phil O’Donaghoe says ‘global shock’ from protectionist US trade policy justifies more aggressive move from Reserve Bank
Deutsche Bank says the Reserve Bank of Australia will follow the script from previous crises and deliver a double rate cut when it next meets in May, as Donald Trump’s threats of even higher tariffs on China added to fears of a looming global trade war.
Financial markets and economists were in agreement the RBA would lower the cash rate from 4.1% to 3.85% in five weeks’ time, saying the decision is “locked in” after the US president’s “liberation day” trade on 2 April sent financial markets tumbling late last week.
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Continue reading...A swift loss of £4tn from global stock markets has led some to liken Trump’s trade war to 1929 Wall Street crash
Donald Trump’s escalating trade war has plunged global financial markets into the steepest rout since the spread of the Covid pandemic five years ago.
Drawing parallels with the 1929 Wall Street crash and the ensuing 1930s Great Depression, the US president’s “liberation day” tariff plan has led to warnings of a global recession from leading economists.
Continue reading...Benchmark S&P/ASX 200 closes up more than 2%, representing its biggest one-day gain in more than two years
Investors piled back into Australian shares on Tuesday, ignoring a looming showdown between the US and China in a tariff battle that threatens to paralyse global trade.
The benchmark S&P/ASX 200 closed up more than 2%, representing its biggest one-day gain in more than two years.
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Continue reading...Beijing accuses US of blackmail and adding a ‘mistake on top of a mistake’ as Wednesday deadline for latest levies looms
China’s government says it will “fight to the end” if the US continues to escalate the trade war, after Donald Trump threatened huge additional tariffs in response to China’s retaliatory measures.
On Tuesday, China’s commerce ministry accused the US of “blackmail” and said the US president’s threats of additional 50% tariffs if Beijing did not reverse its own 34% reciprocal tariff were a “mistake on top of a mistake”.
Continue reading...President poised to further impose taxes after Beijing announced a 34% tariff on US imports as global markets fall
Donald Trump has threatened to impose an additional 50% tariff on imports from China on Wednesday unless the country rescinds its retaliatory tariffs on the United States by Tuesday.
The news comes on the third day of catastrophic market falls around the globe since Trump announced his trade war last Wednesday with tariffs on the US’s trading partners.
Continue reading...New Civil Liberties Alliance says president’s invocation of emergency powers to impose tariffs is unlawful
A libertarian group that has been funded by Leonard Leo and Charles Koch has mounted a legal challenge against Donald Trump’s tariff regime, in a sign of spreading rightwing opposition to a policy that has sent international markets plummeting.
The New Civil Liberties Alliance filed a suit against Trump’s imposition of import tariffs on exports from China, arguing that doing so under the International Emergency Economic Powers Act (IEEPA) – which the president has invoked to justify the duties on nearly all countries – is unlawful.
Continue reading...15 medics and rescuers killed last month in Gaza were shot in upper body ‘with intent to kill’, says president of Palestinian Red Crescent Society
Russia, China and Iran will hold consultations at expert level on the Iranian nuclear programme in Moscow on Tuesday, Russian’s foreign ministry spokesperson Maria Zakharova has been cited as saying.
Donald Trump has threatened to bomb Iran unless it comes to an agreement with Washington over its nuclear programme, and the Kremlin said earlier today that Russia was ready to do all it could to help resolve tensions between the Washington and Tehran.
Macron said he strongly opposed any displacement of Palestinians from Gaza. “We are firmly opposed to the displacement of populations and to any annexation of both Gaza and the West Bank,” Macron told journalists. “This would be a violation of international law and a serious threat to the security of the entire region, including Israel,” he said.
Macron said Hamas, which has run Gaza since 2007, should have no part in governing the strip after the war and reiterated his support for a reconstruction plan for the territory endorsed by the Arab League. “I salute here the crucial work of Egypt on this plan, which offers a realistic path to the reconstruction of Gaza and should also pave the way for new Palestinian governance in the enclave led by the Palestinian Authority,” he said. “Hamas must have no role in this governance, and must no longer constitute a threat to Israel.”
Continue reading...For many the perilous journey to Spain seems the only future. Can the country’s new government create enough jobs and prospects to make them stay?
The view from the plastic chair in which Fatou Samba sits, looking out to sea, takes in many of the elements of the sorry tale of Senegal’s lost men. She can see the distant shapes of the big industrial foreign fishing ships and tankers, from Europe and China, strung across the horizon.
Closer to shore are dozens of empty pirogues, Senegalese wooden fishing boats, rocking idle on a sea mostly denuded of fish.
Continue reading...Despite its links to oral cancer, people in Hainan have for centuries produced and eaten betel nuts, which give a natural high. But sales are falling
Many cities across southern China are known for the art of relaxing. Chengdu in Sichuan province is the tea house capital. Guangzhou is the birthplace of dim sum, a time to share steamed dumplings and chew the fat with friends. And in Haikou, the capital of Hainan province, people have been chewing the betel nut for centuries.
You don’t have to walk far in Haikou to find a vendor. The small, hard, green fruits are sold in little piles alongside fresh coconuts and bottled water at pretty much any convenience store, for about five yuan (£0.52) a piece. Some vendors, mostly women, sit by the side of the road to dish out betel nuts to passing drivers on mopeds, nearly all of them men.
Continue reading...Contracts show fictional country created by fugitive Indian guru would control vast swathes ‘with full sovereignty’
Followers of a fugitive Indian Hindu guru on a mission to establish his own state are popping up across Latin America, offering hundreds of thousands of dollars to buy land in Ecuador, Paraguay and now Bolivia.
At the end of last year, a representative of the Baure Indigenous people in the Bolivian Amazon signed a “perpetual” contract leasing 60,000 hectares (148,260 acres) of their vast rainforest for $108,000 (£81,910) a year.
Continue reading...Make a big batch of this highly customisable dish and keep some for the week ahead
You can use lots of different spice blends here; I like baharat, but for ease you could substitute that with Indian spices or smoked paprika. I sometimes use purple sweet potato, but you get a nicer colour contrast with the bog-standard orange variety. The beetroot will still have a little bite after 30 minutes in the oven, so if you prefer it completely soft, cut it into smaller chunks or use precooked instead.
Continue reading...Elections set for 3 June after months of political turmoil triggered by Yoon Suk Yeol’s shock declaration of martial law and subsequent impeachment
South Korea will hold a presidential election on 3 June, the country’s acting president said on Tuesday, after predecessor Yoon Suk Yeol was impeached and removed from office over a disastrous declaration of martial law.
The government “is to set June 3 as the date for South Korea’s 21st presidential election”, prime minister Han Duck-soo said, adding that the day would be designated as a temporary public holiday to facilitate voting.
Continue reading...We’d like to hear from people about the impact Trump’s tariffs might have on them and their businesses
Donald Trump has unveiled his global tariffs on US trading partners including 10% on UK exports to the US, 20% on the EU and 34% on China. However, the US’s closest trading partners, Canada and Mexico, have been exempt from the latest round of tariffs.
Wherever you are in the world, we’d like to hear how you might be affected by the tariffs. What preparations or changes are you making to your business? Do you have any concerns?
Continue reading...Police say man landed on island in attempt to meet the Sentinelese people – a tribe untouched by the industrial world
Indian police said on Thursday they had arrested a US tourist who sneaked on to a highly restricted island carrying a coconut and a can of Diet Coke to a tribe untouched by the industrial world.
Mykhailo Viktorovych Polyakov, 24, set foot on the restricted territory of North Sentinel – part of India’s Andaman Islands – in an attempt to meet the Sentinelese people, who are believed to number only about 150.
Continue reading...Three claimants allege Mumbai-based consultancy firm discriminated against them during restructuring
A UK division of the Indian conglomerate Tata “deliberately orchestrated” a redundancy programme in a way that unfairly targeted older, non-Indian nationals, an employment tribunal has heard.
Three claimants allege the Mumbai-based Tata Consultancy Services (TCS), which is valued at almost £110bn on the BSE stock exchange in Mumbai, discriminated against them on grounds of age and nationality during a restructuring that began in mid-2023.
Continue reading...Despite Thai advisers, the series failed to escape the western lens of its rich protagonists and the history of the country’s representation
One of the first things I noticed when I sat down to watch the eagerly awaited third series of The White Lotus was the birdsong. The distinctive call of two species peculiar to Thailand – the coucal and the Asian koel – conjure up precisely how it feels to be there, in the midst of a tropical soundscape. Then there are the exquisite opening credits, which plunge the viewer into a visceral experience of the Thai cultural environment: based on reimagined traditional Buddhist temple painting, the key protagonists are “Thai-ified” as they merge into the mural motifs.
The expertise of an array of famous Thai actors, pop stars, fashion models and celebrities – along with the somewhat heavy hand of the Tourism Authority of Thailand – have helped this series achieve a cultural authenticity like no other previous western drama set in Thailand. Things have certainly come a long way since British governess Anna Leonowens (played by Deborah Kerr) waltzed gaily around the royal palace of Yul Brynner’s shiny-headed King Mongkut in the 1956 hit musical, based on the Rodgers and Hammerstein stage production, The King and I (perhaps unsurprisingly banned in Thailand for its derogatory portrayal of a highly revered monarch). Gone too are the crass depictions of Bangkok from the 2011 comedy The Hangover Part II; or the classic Lord of the Flies-style narrative that is explored in Danny Boyle’s 2000 adventure The Beach. In both these cases, the ill-fated western tourist faces crude symbols of the dangers posed by the tropics – from predatory sharks to kleptomaniacal monkeys and gun-toting cannabis farmers.
Rachel Harrison is professor of Thai cultural studies at Soas University of London
Continue reading...Brother of Jagtar Singh Johal claims he is being ‘mentally tortured’ through unwarranted detention
The British Sikh activist Jagtar Singh Johal, detained for seven years in an Indian jail, has been placed into solitary confinement and under 24-hour surveillance despite being acquitted of all terrorism charges against him by a Punjab court on 4 March, his family have claimed.
Johal is still facing the exact same charges in a parallel case in a clear example of double jeopardy, his brother Gurpreet said when giving testimony at Westminster to an all party committee on arbitrary detention. He said the Indian courts have not granted his brother bail, despite the prosecutor’s failure to produce any credible evidence or witnesses in the Punjab court.
Gurpreet said UK consular staff met his brother in jail on Tuesday and were told he had been put into solitary confinement with a 24-hour guard, adding no explanation had been given.
Continue reading...In what may be an American first, President Donald Trump pardoned a company sentenced to $100 million in fines for breaking money laundering laws.
The post Trump Just Pardoned … a Corporation? appeared first on The Intercept.
US National Security Advisor Mike Waltz, who started the now-infamous group chat coordinating a US attack against the Yemen-based Houthis on March 15, is seemingly now suggesting that the secure messaging service Signal has security vulnerabilities.
"I didn’t see this loser in the group," Waltz told Fox News about Atlantic editor in chief Jeffrey Goldberg, whom Waltz invited to the chat. "Whether he did it deliberately or it happened in some other technical mean, is something we’re trying to figure out."
Waltz’s implication that Goldberg may have hacked his way in was followed by a ...
China has dramatically increased military activities around Taiwan, with more than 3,000 incursions into Taiwan's airspace in 2024 alone. Amy Hawkins examines how Beijing is deploying 'salami-slicing' tactics, a strategy of gradual pressure that stays below the threshold of war while steadily wearing down Taiwan's defences. From daily air incursions to strategic military exercises, we explore the four phases of China's approach and what it means for Taiwan's future
Continue reading...
The European Space Agency's (ESA) Director of Human and Robotic Exploration, Daniel Neuenschwander, and the Japan Aerospace Exploration Agency's (JAXA) Vice President for Exploration and Human Spaceflight, Mayumi Matsuura, have signed a new statement of intent focused on Moon and Mars activities. This statement marks their intention towards a step forward in space exploration cooperation between ESA and JAXA, and lays the groundwork for expanded collaboration between the two agencies in advancing science, technology and international partnerships.
“Do your job!” the crowd chanted, urging Rep. Victoria Spartz, one of the most outspoken DOGE supporters, to rein in Elon Musk.
The post GOP Leaders Said Don’t Do Town Halls. This Indiana Republican Did — and Got an Earful. appeared first on The Intercept.
Rescue efforts are entering their third day and attempts to find survivors are intensifying after a devastating 7.7-magnitude earthquake struck Myanmar and Thailand, killing at least 1,600 people and injuring more than 3,400. At least 139 others are missing. The initial quake struck near Mandalay early on Friday afternoon, collapsing buildings, downing bridges and buckling roads, causing mass destruction in Myanmar's second largest city
Continue reading...In what may be an American first, President Donald Trump pardoned a company sentenced to $100 million in fines for breaking money laundering laws.
The post Trump Just Pardoned … a Corporation? appeared first on The Intercept.
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Imagine a world in which you can do transactions and many other things without having to give your personal information. A world in which you don’t need to rely on banks or governments anymore. Sounds amazing, right? That’s exactly what blockchain technology allows us to do.
It’s like your computer’s hard drive. blockchain is a technology that lets you store data in digital blocks, which are connected together like links in a chain.
Blockchain technology was originally invented in 1991 by two mathematicians, Stuart Haber and W. Scot Stornetta. They first proposed the system to ensure that timestamps could not be tampered with.
A few years later, in 1998, software developer Nick Szabo proposed using a similar kind of technology to secure a digital payments system he called “Bit Gold.” However, this innovation was not adopted until Satoshi Nakamoto claimed to have invented the first Blockchain and Bitcoin.
A blockchain is a distributed database shared between the nodes of a computer network. It saves information in digital format. Many people first heard of blockchain technology when they started to look up information about bitcoin.
Blockchain is used in cryptocurrency systems to ensure secure, decentralized records of transactions.
Blockchain allowed people to guarantee the fidelity and security of a record of data without the need for a third party to ensure accuracy.
To understand how a blockchain works, Consider these basic steps:
Let’s get to know more about the blockchain.
Blockchain records digital information and distributes it across the network without changing it. The information is distributed among many users and stored in an immutable, permanent ledger that can't be changed or destroyed. That's why blockchain is also called "Distributed Ledger Technology" or DLT.
Here’s how it works:
And that’s the beauty of it! The process may seem complicated, but it’s done in minutes with modern technology. And because technology is advancing rapidly, I expect things to move even more quickly than ever.
Even though blockchain is integral to cryptocurrency, it has other applications. For example, blockchain can be used for storing reliable data about transactions. Many people confuse blockchain with cryptocurrencies like bitcoin and ethereum.
Blockchain already being adopted by some big-name companies, such as Walmart, AIG, Siemens, Pfizer, and Unilever. For example, IBM's Food Trust uses blockchain to track food's journey before reaching its final destination.
Although some of you may consider this practice excessive, food suppliers and manufacturers adhere to the policy of tracing their products because bacteria such as E. coli and Salmonella have been found in packaged foods. In addition, there have been isolated cases where dangerous allergens such as peanuts have accidentally been introduced into certain products.
Tracing and identifying the sources of an outbreak is a challenging task that can take months or years. Thanks to the Blockchain, however, companies now know exactly where their food has been—so they can trace its location and prevent future outbreaks.
Blockchain technology allows systems to react much faster in the event of a hazard. It also has many other uses in the modern world.
Blockchain technology is safe, even if it’s public. People can access the technology using an internet connection.
Have you ever been in a situation where you had all your data stored at one place and that one secure place got compromised? Wouldn't it be great if there was a way to prevent your data from leaking out even when the security of your storage systems is compromised?
Blockchain technology provides a way of avoiding this situation by using multiple computers at different locations to store information about transactions. If one computer experiences problems with a transaction, it will not affect the other nodes.
Instead, other nodes will use the correct information to cross-reference your incorrect node. This is called “Decentralization,” meaning all the information is stored in multiple places.
Blockchain guarantees your data's authenticity—not just its accuracy, but also its irreversibility. It can also be used to store data that are difficult to register, like legal contracts, state identifications, or a company's product inventory.
Blockchain has many advantages and disadvantages.
I’ll answer the most frequently asked questions about blockchain in this section.
Blockchain is not a cryptocurrency but a technology that makes cryptocurrencies possible. It's a digital ledger that records every transaction seamlessly.
Yes, blockchain can be theoretically hacked, but it is a complicated task to be achieved. A network of users constantly reviews it, which makes hacking the blockchain difficult.
Coinbase Global is currently the biggest blockchain company in the world. The company runs a commendable infrastructure, services, and technology for the digital currency economy.
Blockchain is a decentralized technology. It’s a chain of distributed ledgers connected with nodes. Each node can be any electronic device. Thus, one owns blockhain.
Bitcoin is a cryptocurrency, which is powered by Blockchain technology while Blockchain is a distributed ledger of cryptocurrency
Generally a database is a collection of data which can be stored and organized using a database management system. The people who have access to the database can view or edit the information stored there. The client-server network architecture is used to implement databases. whereas a blockchain is a growing list of records, called blocks, stored in a distributed system. Each block contains a cryptographic hash of the previous block, timestamp and transaction information. Modification of data is not allowed due to the design of the blockchain. The technology allows decentralized control and eliminates risks of data modification by other parties.
Blockchain has a wide spectrum of applications and, over the next 5-10 years, we will likely see it being integrated into all sorts of industries. From finance to healthcare, blockchain could revolutionize the way we store and share data. Although there is some hesitation to adopt blockchain systems right now, that won't be the case in 2022-2023 (and even less so in 2026). Once people become more comfortable with the technology and understand how it can work for them, owners, CEOs and entrepreneurs alike will be quick to leverage blockchain technology for their own gain. Hope you like this article if you have any question let me know in the comments section
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Non-fungible tokens (NFTs) are the most popular digital assets today, capturing the attention of cryptocurrency investors, whales and people from around the world. People find it amazing that some users spend thousands or millions of dollars on a single NFT-based image of a monkey or other token, but you can simply take a screenshot for free. So here we share some freuently asked question about NFTs.
NFT stands for non-fungible token, which is a cryptographic token on a blockchain with unique identification codes that distinguish it from other tokens. NFTs are unique and not interchangeable, which means no two NFTs are the same. NFTs can be a unique artwork, GIF, Images, videos, Audio album. in-game items, collectibles etc.
A blockchain is a distributed digital ledger that allows for the secure storage of data. By recording any kind of information—such as bank account transactions, the ownership of Non-Fungible Tokens (NFTs), or Decentralized Finance (DeFi) smart contracts—in one place, and distributing it to many different computers, blockchains ensure that data can’t be manipulated without everyone in the system being aware.
The value of an NFT comes from its ability to be traded freely and securely on the blockchain, which is not possible with other current digital ownership solutionsThe NFT points to its location on the blockchain, but doesn’t necessarily contain the digital property. For example, if you replace one bitcoin with another, you will still have the same thing. If you buy a non-fungible item, such as a movie ticket, it is impossible to replace it with any other movie ticket because each ticket is unique to a specific time and place.
One of the unique characteristics of non-fungible tokens (NFTs) is that they can be tokenised to create a digital certificate of ownership that can be bought, sold and traded on the blockchain.
As with crypto-currency, records of who owns what are stored on a ledger that is maintained by thousands of computers around the world. These records can’t be forged because the whole system operates on an open-source network.
NFTs also contain smart contracts—small computer programs that run on the blockchain—that give the artist, for example, a cut of any future sale of the token.
Non-fungible tokens (NFTs) aren't cryptocurrencies, but they do use blockchain technology. Many NFTs are based on Ethereum, where the blockchain serves as a ledger for all the transactions related to said NFT and the properties it represents.5) How to make an NFT?
Anyone can create an NFT. All you need is a digital wallet, some ethereum tokens and a connection to an NFT marketplace where you’ll be able to upload and sell your creations
When you purchase a stock in NFT, that purchase is recorded on the blockchain—the bitcoin ledger of transactions—and that entry acts as your proof of ownership.
The value of an NFT varies a lot based on the digital asset up for grabs. People use NFTs to trade and sell digital art, so when creating an NFT, you should consider the popularity of your digital artwork along with historical statistics.
In the year 2021, a digital artist called Pak created an artwork called The Merge. It was sold on the Nifty Gateway NFT market for $91.8 million.
Non-fungible tokens can be used in investment opportunities. One can purchase an NFT and resell it at a profit. Certain NFT marketplaces let sellers of NFTs keep a percentage of the profits from sales of the assets they create.
Many people want to buy NFTs because it lets them support the arts and own something cool from their favorite musicians, brands, and celebrities. NFTs also give artists an opportunity to program in continual royalties if someone buys their work. Galleries see this as a way to reach new buyers interested in art.
There are many places to buy digital assets, like opensea and their policies vary. On top shot, for instance, you sign up for a waitlist that can be thousands of people long. When a digital asset goes on sale, you are occasionally chosen to purchase it.
To mint an NFT token, you must pay some amount of gas fee to process the transaction on the Etherum blockchain, but you can mint your NFT on a different blockchain called Polygon to avoid paying gas fees. This option is available on OpenSea and this simply denotes that your NFT will only be able to trade using Polygon's blockchain and not Etherum's blockchain. Mintable allows you to mint NFTs for free without paying any gas fees.
The answer is no. Non-Fungible Tokens are minted on the blockchain using cryptocurrencies such as Etherum, Solana, Polygon, and so on. Once a Non-Fungible Token is minted, the transaction is recorded on the blockchain and the contract or license is awarded to whoever has that Non-Fungible Token in their wallet.
You can sell your work and creations by attaching a license to it on the blockchain, where its ownership can be transferred. This lets you get exposure without losing full ownership of your work. Some of the most successful projects include Cryptopunks, Bored Ape Yatch Club NFTs, SandBox, World of Women and so on. These NFT projects have gained popularity globally and are owned by celebrities and other successful entrepreneurs. Owning one of these NFTs gives you an automatic ticket to exclusive business meetings and life-changing connections.
That’s a wrap. Hope you guys found this article enlightening. I just answer some question with my limited knowledge about NFTs. If you have any questions or suggestions, feel free to drop them in the comment section below. Also I have a question for you, Is bitcoin an NFTs? let me know in The comment section below
In the rapidly advancing landscape of AI technology and innovation, LimeWire emerges as a unique platform in the realm of generative AI tools. This platform not only stands out from the multitude of existing AI tools but also brings a fresh approach to content generation. LimeWire not only empowers users to create AI content but also provides creators with creative ways to share and monetize their creations.
As we explore LimeWire, our aim is to uncover its features, benefits for creators, and the exciting possibilities it offers for AI content generation. This platform presents an opportunity for users to harness the power of AI in image creation, all while enjoying the advantages of a free and accessible service.
Let's unravel the distinctive features that set LimeWire apart in the dynamic landscape of AI-powered tools, understanding how creators can leverage its capabilities to craft unique and engaging AI-generated images.
This revamped LimeWire invites users to register and unleash their creativity by crafting original AI content, which can then be shared and showcased on the LimeWire Studio. Notably, even acclaimed artists and musicians, such as Deadmau5, Soulja Boy, and Sean Kingston, have embraced this platform to publish their content in the form of NFT music, videos, and images.
Beyond providing a space for content creation and sharing, LimeWire introduces monetization models to empower users to earn revenue from their creations. This includes avenues such as earning ad revenue and participating in the burgeoning market of Non-Fungible Tokens (NFTs). As we delve further, we'll explore these monetization strategies in more detail to provide a comprehensive understanding of LimeWire's innovative approach to content creation and distribution.
LimeWire Studio welcomes content creators into its fold, providing a space to craft personalized AI-focused content for sharing with fans and followers. Within this creative hub, every piece of content generated becomes not just a creation but a unique asset—ownable and tradable. Fans have the opportunity to subscribe to creators' pages, immersing themselves in the creative journey and gaining ownership of digital collectibles that hold tradeable value within the LimeWire community. Notably, creators earn a 2.5% royalty each time their content is traded, adding a rewarding element to the creative process.
The platform's flexibility is evident in its content publication options. Creators can choose to share their work freely with the public or opt for a premium subscription model, granting exclusive access to specialized content for subscribers.
As of the present moment, LimeWire focuses on AI Image Generation, offering a spectrum of creative possibilities to its user base. The platform, however, has ambitious plans on the horizon, aiming to broaden its offerings by introducing AI music and video generation tools in the near future. This strategic expansion promises creators even more avenues for expression and engagement with their audience, positioning LimeWire Studio as a dynamic and evolving platform within the realm of AI-powered content creation.
The LimeWire AI image generation tool presents a versatile platform for both the creation and editing of images. Supporting advanced models such as Stable Diffusion 2.1, Stable Diffusion XL, and DALL-E 2, LimeWire offers a sophisticated toolkit for users to delve into the realm of generative AI art.
Much like other tools in the generative AI landscape, LimeWire provides a range of options catering to various levels of complexity in image creation. Users can initiate the creative process with prompts as simple as a few words or opt for more intricate instructions, tailoring the output to their artistic vision.
What sets LimeWire apart is its seamless integration of different AI models and design styles. Users have the flexibility to effortlessly switch between various AI models, exploring diverse design styles such as cinematic, digital art, pixel art, anime, analog film, and more. Each style imparts a distinctive visual identity to the generated AI art, enabling users to explore a broad spectrum of creative possibilities.
The platform also offers additional features, including samplers, allowing users to fine-tune the quality and detail levels of their creations. Customization options and prompt guidance further enhance the user experience, providing a user-friendly interface for both novice and experienced creators.
Excitingly, LimeWire is actively developing its proprietary AI model, signaling ongoing innovation and enhancements to its image generation capabilities. This upcoming addition holds the promise of further expanding the creative horizons for LimeWire users, making it an evolving and dynamic platform within the landscape of AI-driven art and image creation.
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Upon completing your creative endeavor on LimeWire, the platform allows you the option to publish your content. An intriguing feature follows this step: LimeWire automates the process of minting your creation as a Non-Fungible Token (NFT), utilizing either the Polygon or Algorand blockchain. This transformative step imbues your artwork with a unique digital signature, securing its authenticity and ownership in the decentralized realm.
Creators on LimeWire hold the power to decide the accessibility of their NFT creations. By opting for a public release, the content becomes discoverable by anyone, fostering a space for engagement and interaction. Furthermore, this choice opens the avenue for enthusiasts to trade the NFTs, adding a layer of community involvement to the artistic journey.
Alternatively, LimeWire acknowledges the importance of exclusivity. Creators can choose to share their posts exclusively with their premium subscribers. In doing so, the content remains a special offering solely for dedicated fans, creating an intimate and personalized experience within the LimeWire community. This flexibility in sharing options emphasizes LimeWire's commitment to empowering creators with choices in how they connect with their audience and distribute their digital creations.
After creating your content, you can choose to publish the content. It will automatically mint your creation as an NFT on the Polygon or Algorand blockchain. You can also choose whether to make it public or subscriber-only.
If you make it public, anyone can discover your content and even trade the NFTs. If you choose to share the post only with your premium subscribers, it will be exclusive only to your fans.
Additionally, you can earn ad revenue from your content creations as well.
When you publish content on LimeWire, you will receive 70% of all ad revenue from other users who view your images, music, and videos on the platform.
This revenue model will be much more beneficial to designers. You can experiment with the AI image and content generation tools and share your creations while earning a small income on the side.
The revenue you earn from your creations will come in the form of LMWR tokens, LimeWire’s own cryptocurrency.
Your earnings will be paid every month in LMWR, which you can then trade on many popular crypto exchange platforms like Kraken, ByBit, and UniSwap.
You can also use your LMWR tokens to pay for prompts when using LimeWire generative AI tools.
You can sign up to LimeWire to use its AI tools for free. You will receive 10 credits to use and generate up to 20 AI images per day. You will also receive 50% of the ad revenue share. However, you will get more benefits with premium plans.
For $9.99 per month, you will get 1,000 credits per month, up to 2 ,000 image generations, early access to new AI models, and 50% ad revenue share
For $29 per month, you will get 3750 credits per month, up to 7500 image generations, early access to new AI models, and 60% ad revenue share
For $49 per month, you will get 5,000 credits per month, up to 10,000 image generations, early access to new AI models, and 70% ad revenue share
For $99 per month, you will get 11,250 credits per month, up to 2 2,500 image generations, early access to new AI models, and 70% ad revenue share
With all premium plans, you will receive a Pro profile badge, full creation history, faster image generation, and no ads.
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In conclusion, LimeWire emerges as a democratizing force in the creative landscape, providing an inclusive platform where anyone can unleash their artistic potential and effortlessly share their work. With the integration of AI, LimeWire eliminates traditional barriers, empowering designers, musicians, and artists to publish their creations and earn revenue with just a few clicks.
The ongoing commitment of LimeWire to innovation is evident in its plans to enhance generative AI tools with new features and models. The upcoming expansion to include music and video generation tools holds the promise of unlocking even more possibilities for creators. It sparks anticipation about the diverse and innovative ways in which artists will leverage these tools to produce and publish their own unique creations.
For those eager to explore, LimeWire's AI tools are readily accessible for free, providing an opportunity to experiment and delve into the world of generative art. As LimeWire continues to evolve, creators are encouraged to stay tuned for the launch of its forthcoming AI music and video generation tools, promising a future brimming with creative potential and endless artistic exploration
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