Tech
Tapswap Postpones Token Allocation to Q3 2024
Overview: Tapswap, a tap-to-earn app powered by TON Blockchain, announced a postponement of its token allocation to the third quarter of 2024. Initially set for July 1st, this delay aims to better serve the app’s rapidly growing user base and ensure a robust and secure launch.
User Base and Popularity: Since its launch on February 15, 2024, Tapswap has amassed over 50 million users, particularly gaining traction among Nigerians. The app allows users to mine coins by repeatedly tapping an icon on the Telegram Tapswap bot screen.
Reasons for Postponement:
- Increased Attention and Security Concerns:
- The app’s rising popularity has attracted both scammers and legitimate web3 industry leaders.
- The management aims to protect the game from fraudulent activities and ensure a secure launch.
- Discussions with Tier 1 Exchanges:
- Tapswap is in active negotiations with top-tier exchanges to list its tokens, which requires additional time to finalize.
- These discussions are intended to enhance the app’s credibility and profitability for users.
- Detailed Work on Tokenomics and Launch Strategy:
- The team is focusing on refining the tokenomics and devising a comprehensive launch strategy.
- This involves intricate planning to ensure a fair and profitable token distribution.
Management’s Communication: In a series of threads on social media platform X, Tapswap’s management shared both ‘bad and good news’ with their community. They explained the benefits of the postponement, emphasizing that the delay would ultimately be advantageous for users.
Statements from Tapswap Management:
- The delay is intended to safeguard the project and ensure a successful launch.
- The team is committed to detailed work on tokenomics and a strategic launch to benefit all users.
- They assured the community that the launch in Q3 would be fair and profitable, appreciating users’ support and feedback.
Official Announcements: John Robbin, Tapswap’s Head of Communications, confirmed the postponement on June 20, 2024. He cited ongoing efforts to eliminate bot accounts and the need for a well-planned token allocation strategy. The exact method of token allocation remains undecided, but a significant portion of tokens will be allocated to the community to retain active users.
Future Plans: Tapswap encourages its users to stay positive and look forward to upcoming announcements about tier 1 partnerships and the token drop. The company values community feedback and aims to reach higher levels of success together.
Conclusion: The postponement of Tapswap’s token allocation to Q3 2024 is a strategic move to ensure a secure and profitable launch. The management’s proactive measures and ongoing discussions with top-tier exchanges reflect their commitment to the app’s long-term success and the satisfaction of its user base.
Tech
Ferrari Unveils First Fully Electric Car
Ferrari has revealed its first fully electric vehicle, the Luce, marking a major shift for the iconic sports car brand.
The new EV, priced at about $640,000 (£474,320), was unveiled in Rome by Ferrari chief executive Benedetto Vigna, who said the project had taken five years to develop.
Named “Luce” — the Italian word for “light” — the model breaks with traditional Ferrari styling as the company’s first-ever five-seater vehicle.
The car was developed in collaboration with LoveFrom, the creative agency founded by former Apple design chief Jony Ive.
Reaction online has been sharply divided, with some social media users criticising the design while others praised it as a bold and innovative direction for the famous Italian manufacturer.
Ferrari said the Luce uses a Ferrari-built electric motor on each wheel, allowing it to accelerate from 0 to 60mph (96km/h) in around 2.5 seconds.
The company also stressed that all major components are produced in-house, which it says will allow Ferrari to maintain and repair the vehicle long into the future while helping preserve resale values.
The launch comes as several luxury carmakers reconsider their electric vehicle strategies because of weaker-than-expected demand and rising competition from Chinese manufacturers.
Brands including Lamborghini and Porsche have recently scaled back parts of their EV ambitions.
At the same time, automakers such as Ford Motor Company and Volkswagen have increased focus on petrol-powered vehicles, particularly in the United States, following slower EV demand and regulatory changes introduced under Donald Trump.
Ferrari chief design officer Flavio Manzoni acknowledged that the concept of an electric Ferrari with a radically different appearance would be “polarising”.
Speaking in an interview with YouTuber Cleo Abram, Manzoni said criticism was part of innovation and predicted public opinion would shift over time.
Ferrari has also confirmed it will continue producing petrol and hybrid models alongside its new all-electric vehicle lineup.
Tech
OpenAI Revises Pentagon AI Deal After Backlash Over Military Use
OpenAI says it is amending its recent agreement with the United States Department of Defense following criticism over the potential use of its technology in classified military operations.
Chief executive Sam Altman announced that the company will insert clearer restrictions into the contract, explicitly prohibiting the intentional use of its systems for domestic surveillance of US citizens and nationals.
The controversy emerged after tensions between OpenAI’s rival Anthropic and the Pentagon, related to concerns that Anthropic’s AI model, Claude, could be used for mass surveillance or in fully autonomous weapons systems.
In a statement over the weekend, OpenAI said its Pentagon agreement contained “more guardrails than any previous agreement for classified AI deployments”. However, Altman later acknowledged that the rollout of the deal had been rushed.
“The issues are super complex, and demand clear communication,” he wrote on social media, adding that the company had sought to de-escalate tensions but recognised that the announcement appeared “opportunistic and sloppy”.
Under the revised terms, intelligence agencies such as the National Security Agency would require additional contractual modifications before being permitted to use OpenAI systems.
The backlash has had measurable effects. Reports indicate that day-over-day uninstalls of the ChatGPT mobile app surged sharply following the announcement, while Anthropic’s Claude climbed to the top of Apple’s App Store rankings.
Anthropic’s model had previously been blacklisted by the administration of Donald Trump after the company refused to abandon a corporate principle barring the use of its technology in fully autonomous weapons. Despite that position, reports have since indicated that Claude was used in the US-Israel conflict with Iran shortly after the ban.
The Pentagon has declined to comment on its arrangements with Anthropic.
Tech
X to stop Grok AI from undressing images of real people
X has announced that its artificial intelligence tool, Grok, will no longer be able to edit images of real people to depict them in revealing clothing in jurisdictions where such activity is illegal, following widespread backlash over the misuse of sexualised AI deepfakes.
In a statement published on the platform, X said it had introduced new safeguards to prevent the Grok account from being used to manipulate photos of real individuals in a sexualised manner. “We have implemented technological measures to prevent the Grok account from allowing the editing of images of real people in revealing clothing,” the company said.
The move has been welcomed by UK authorities, who had previously raised concerns about the tool’s use. The UK government described the decision as a “vindication” of its calls for X to take stronger action to control Grok. Media regulator Ofcom also said the change was a “welcome development”, while stressing that its investigation into whether the platform breached UK laws is still under way.
“We are working round the clock to progress this and get answers into what went wrong and what’s being done to fix it,” Ofcom said, signalling continued scrutiny despite the latest measures.
Technology Secretary Liz Kendall welcomed X’s announcement but emphasised the need for accountability. She said she would “expect the facts to be fully and robustly established by Ofcom’s ongoing investigation”, underlining the government’s commitment to ensuring online safety rules are upheld.
However, campaigners and victims of AI-generated sexualised images say the decision has come after significant harm had already been caused. Journalist and campaigner Jess Davies, who was among women whose images were edited using Grok, described the changes as a “positive step” but said the feature should never have been permitted in the first place.
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