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Posts, comments, and interactions from adult users, along with AI assistant queries, will now be included to help Meta’s models better understand the cultural complexity and linguistic diversity of European users, according to an April 14 blog post.

Private Messages And Under-18 Data Remain Off-Limits

Meta clarified that private messages and public data from users under 18 will not be used in any part of the AI training process. Users will also be provided with a form to opt out of data usage.

Meta Delayed AI Training In 2023 After Complaints

Last year, privacy group None of Your Business filed complaints in 11 EU countries, prompting a review by the Irish Data Protection Commission (IDPC). With approval now secured from the European Data Protection Board (EDPB), Meta is moving forward and continues to engage with regulators.

Meta added, “We have been training our generative AI models this way in other regions,” and pointed to Google and OpenAI as examples of firms already using European data.

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The post Meta Gets EU Regulator Nod To Train AI With Social Media Content appeared first on Coin Engineer.

Despite a token-burning event that removed 1.69 trillion BONK tokens, worth over $51 million, from circulation, the dog-themed memecoin Bonk failed to break out of a broader crypto slump.

In late November, the team behind the Solana-based memecoin Bonk proposed burning 1 trillion tokens under a plan called “BURNmas.” The plan involved burning 1,000 BONK for every X post with the #LetsBONK hashtag and 10,000 BONK for every new follower on Instagram and TikTok. BURNmas was initially scheduled for December 25.

However, it exceeded the target, and BonkDAO members voted in favor of an updated proposal to burn 1.69 trillion BONK tokens on December 26 at 5:40 pm UTC.

This represents 1.85% of the 90.97 trillion BONK tokens currently in circulation, down from 100 trillion, according to CoinGecko data.

BONK Price Declines

Token burning is a common strategy to increase token prices by creating a more favorable supply and demand dynamic.

However, despite this strategy, the token has failed to replicate the success it saw from the burning of 100 billion BONK tokens on November 13. During that period, the token price increased by 56%, reaching a new all-time high market cap of $4.38 billion within a week.

Since the December 26 burning event, the token has decreased by 7.2%, with its market cap falling to $2.3 billion. This has occurred amid a broader market downturn.

While the reason for the sell-off is unclear, some Bonk enthusiasts expressed frustration with the Bonk team for failing to execute the burn on Christmas Day as promised.

Hours before the burn event on December 26, X user BestBets told Bonk core contributor Nom:

“The price continues to drop because you guys didn’t keep your word and didn’t communicate well.”

BestBets added, “You will lose a lot of progress and coin holders by lying to the community.”

X user PootieCoin commented, “I’m losing trust.”

Despite the price drop, BONK remains the fourth-largest memecoin in the growing $105 billion market, trailing only Dogecoin, Shiba Inu, and PEPE, according to CoinGecko data.

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The post BONK Drops 7% Despite $51 Million Worth of Tokens Burned in BURNmas appeared first on Coin Engineer.

In a blog post, the company stated, ‘Whether it’s messaging apps like WhatsApp, iMessage, and Telegram or social media platforms like Facebook, Snapchat, TikTok and Instagram, even via email, we’ve made it easy to send money anywhere you can share a link.’

Coinbase also mentioned that people can send money to others even if they are in different countries, and the transfers will be resolved instantly and free of charge. The company also noted that if a link is sent to someone and they do not already have Coinbase’s digital wallet, they will be directed to download it from the app stores.

Therefore, both the sender and the recipient of the funds will need to have a Coinbase Wallet. The money will then be sent, and if not claimed within two weeks, it will be automatically refunded to the sender.

Good Timing

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The post Coinbase Launches a New Service via Social Media appeared first on Coin Engineer.

FirstMate: NFT Partnership and Marketplace Beta Launch

FirstMate also revealed a partnership with another venture in the NFT space, Manifold. Additionally, they announced the beta launch of their marketplace website.

Jacob Frantz, the CEO of the initiative, stated in a release, “Today, creators, artists, and platforms owe it to everyone who has failed to create, sustain, or grow one-dimensional markets that fail to provide the direct connection that creators and collectors have told us they want and deserve. They want it, and they don’t just carry their interests in their hearts.”

According to the description, FirstMate‘s focus is on creators rather than markets, a priority also shared by Dragonfly. This allows artists to bring their works and pieces together on a single platform, regardless of where they were created. It also places a priority on copyright.

Founded in 2022 by former employees of Instagram and Walmart, FirstMate, alongside Dragonfly, has so far opened marketplaces for companies like Bankless, FELT Zine, Sound.xyz, and others. These marketplaces currently support over a thousand collections spanning everything from productive art to luxury fashion.

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Yuga Labs had planned to sever ties with OpenSea in light of the NFT platform’s move towards a licensed optional model.

However, OpenSea investor Mark Cuban expressed concerns that stricter copyright regulations would be even worse and detrimental to the industry.

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The post FirstMate Secures $3.75 Million Investment Led by DragonFly appeared first on Coin Engineer.