Indian EV startup Zypp Electric secures ENEOS backing to fund expansion to Southeast Asia

Indian startup Zypp Electric plans to use fresh investment from Japanese oil and energy conglomerate ENEOS to take its EV rental service into Southeast Asia early next year, TechCrunch has exclusively learned. The company aims to be in 15 markets over the next two years. Of those 15 markets, Zypp Electric plans to launch its […]
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A venture capital firm looks back on changing norms, from board seats to backing rival startups

Last month, one of the Bay Area’s better-known early-stage venture capital firms, Uncork Capital, marked its 20th anniversary with a party in a renovated church in San Francisco’s SoMa neighborhood, where 420 guests showed up to help the firm to celebrate, trade tips, and share war stories. There’s no question the venture scene has changed […]
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What happens when you connect AI and cameras to an Etch-a-Sketch? These robot-builders found out

When you come across one of those internet moments that makes you smile it is a magical feeling and that’s what happened when we discovered this amazing project on the Every Flavor of Robot YouTube channel – a channel that has been around for less than a year.
These self-confessed nerds decided they wanted to exhibit something at this year’s Open Sauce conference to be held in San Francisco in the middle of June, but at the time they realized they only had two weeks to come up with an idea to be accepted.
They had been messing around with an old Etch-a-Sketch, trying to draw a perfect circle by hand when the idea game to them to build a robot to control the retro toy and, using motors, get it to draw cool-looking pictures.
The idea then advanced to adding a camera that would take a picture, use AI to convert the picture to G-Code (the same sort of code as a 3D printer uses), and then send the code to the motors which would then turn the wheels of the Etch-a-Sketch and recreate the picture life in a matter of seconds.

We’re not even going to say, ‘sounds simple enough’ because it doesn’t, but the boys started out with prototyping solidly for two weeks, firstly trying to get the toy to draw a simple square, breaking one in the process before moving on to a gear and belt-drive system to try not to stress the device too much.
Adding in the camera to take pictures and then create Etch-A-Sketch art was one of the last things they did and after many code iterations and tweaks, they finally realized they had something that worked.
The video above shows the entire journey and is well worth half an hour of your time. Towards the end, we can see just how good the code and device has gotten at drawing with the Etch-a-Sketch and we look forward to seeing what happens when they take it to Open Sauce in a few weeks time.
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Families of Uvalde shooting victims sue Activision and Meta

The families of victims of the shooting at Robb Elementary School in Uvalde, Texas are suing Activision and Meta, as well as gun manufacturer Daniel Defense. The families bringing the lawsuits are represented by attorney Josh Koskoff, who previously won a settlement from Remington for the families of Sandy Hook shooting victims. The suit against […]
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Y Combinator’s Garry Tan supports some AI regulation but warns against AI monopolies

Like most Silicon Valley VCs, what Garry Tan sees is opportunities for new, huge, lucrative businesses.
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‘5th Scape’ Raises $6 Million in Crypto Presale – Best VR/AR Coin to Buy Now?

5th Scape has reached a milestone by surpassing the $6 million mark in its ongoing crypto presale this week.
Let’s explore why this project could potentially be one of the best VR/AR cryptos to invest in now.
Is 5th Scape the Top VR/AR Coin to Buy Now?
5th Scape (5SCAPE) is a new project aiming to create the world’s first AR & VR ecosystem built on the Ethereum blockchain. Here’s how it works: 5SCAPE is the native utility token that powers the entire 5th Scape ecosystem. It serves as the currency for accessing VR games, making in-game purchases, and participating in the platform’s decentralized marketplace.

We’ve reached $6.0M , VR is a Revolution and We $5Scape as a Community are the Trendsetters
Thanks to YOU, our awesome community!
Get ready for next-level gaming adventures and VR Innovations as we embark on this exciting journey together! Let’s make magic happen… pic.twitter.com/RvUmUyU8ws
— 5th Scape (@5th_scape) May 21, 2024

The project encompasses several key components. Firstly, 5th Scape is developing a diverse library of immersive VR games across genres like MMA (Cage Conquest), cricket, soccer, archery, and more, aiming to provide hyper-realistic graphics and intuitive gameplay.
Secondly, the project plans to create its own VR headset called “VR Ultra” and an ergonomic gaming chair “SwiftScape VR Chair” to fully immerse players in the virtual environments.
Additionally, 5th Scape will feature a “Development Center” marketplace where content creators and developers can design, publish, and monetize their own VR experiences using 5SCAPE tokens. Finally, 5SCAPE holders will receive discounts on new game releases, educational materials, and exclusive access to premium VR content. They can also stake tokens to earn rewards and influence project decisions through voting rights.
Tokenomics: Top Crypto Presale?
The tokenomics and crypto presale for 5th Scape are structured as follows: the total supply is 5.21 billion 5SCAPE tokens, with 80% (4.16 billion) allocated for the presale, which has a fundraising target of $15 million. Presale tokens have a lock and vesting schedule, with 40% unlocked at launch, an 8-week lock, and an 8-month linear vesting period.

Additionally, 10% of the tokens are allocated for the treasury and development (5% unlocked at TGE, 6 months lock, 2-year vest), and 10% are allocated for exchange liquidity (100% unlocked at TGE).
The 5th Scape team envisions 5SCAPE as the universal currency spanning the entire ecosystem, enabling transactions, staking, and governance within the VR realm they are building.
Marketing
On the marketing front, the 5th Scape X account has over 15k followers and is highly active. The team is advertising on various crypto media outlets such as Cryptonews and collaborating with different YouTubers.
For instance, Claybro, who has almost 130k subscribers, posted a positive video about 5th Scape. He highlighted that 5thscape’s presale offers a guaranteed price increase upon launch, currently at $0.00327 and listing at $0.01, implying a potential increase on investment by launch day.

Additionally, Claybro noted that 5thscape is centered around VR technology, offering VR games, movies, education, and devices. Furthermore, upon launch, 40% of purchased tokens will be available, with the remaining 60% vested over eight months. This structured release is designed to manage token supply and demand effectively.
Conclusion
All in all, with its ambitious vision, good tokenomics, and active marketing efforts, 5th Scape might potentially be one of the best VR/AR cryptocurrencies to buy in 2024. Make sure to do your research before participating in this crypto presale, but initial indicators look promising.
Related

17 Best Crypto Presales to Invest in 2024 – $5SCAPE Makes the List

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How Maven’s AI-run ‘serendipity network’ can make social media interesting again

Everything in society can feel geared toward optimization – whether that’s standardized testing or artificial intelligence algorithms. We’re taught to know what outcome you want to achieve, and find the path towards getting there.  Kenneth Stanley, a former OpenAI researcher and co-founder of a new social media platform called Maven, has been preaching for years […]
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Women in AI: Miriam Vogel stresses the need for responsible AI

Miriam Vogel, profiled as part of TechCrunch’s Women in AI series, is the CEO of the nonprofit responsible AI advocacy organization EqualAI.
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What are Google’s AI Overviews good for?

Google has been taking heat for some of the inaccurate, funny, and downright weird answers that it’s been providing via AI Overviews in search. AI Overviews are the AI-generated search results that Google started rolling out more broadly earlier this month, with mixed results — apparently, a user looking for help in getting cheese to […]
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‘I was misidentified as shoplifter by facial recognition tech’

Live facial recognition is becoming increasingly common on UK high streets. Should we be worried?

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