Apple against blockchain
Bradley Chambers. A few weeks ago, Apple CEO Tim Cook made headlines when he said he personally owns cryptocurrency while mentioning that Apple is looking at it from a technology perspective, but not from a treasury decision. What will Apple do with Bitcoin and cryptocurrency? I would characterize it as there are things that I would not do like our cash balance. So if they want to do that, they can, you know, invest directly in crypto through other means. And so I would not do that.
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Content:
- Tim Cook holds cryptocurrency, but Apple is interested in 'other things'
- From NFTs to Apple and the metaverse: Here's what you can expect in 2022
- Will Apple allow crypto payments? Tim Cook makes surprise admission
- screenrant.com
- Apple Updates Crypto Currency Aspects of App Store Review Guidelines
- Is Apple Planning to Use Blockchain?
- Apple CEO Tim Cook reveals he owns cryptocurrency
Tim Cook holds cryptocurrency, but Apple is interested in 'other things'
Just when we thought it was safe to get back into the real world, new COVID variants emerge to brush us back — continuing to transform all aspects of our lives. While nothing is more powerful than real physical human connection, the digital virtual tech-driven world was the big story for media and entertainment in In particular, marked the coming out party for the blockchain — a kind of transformational decentralized Web 3. In the world of media, the headline blockchain story took its form in so-called non-fungible tokens NFTs.
Here are 10 predictions for the coming year in which we hope that we finally get COVID under some kind of real long-term control. After early experimentation in , will mark the year creators truly begin to embrace and leverage the power of the blockchain at scale. Just like iPhones ushered in a whole new mobile-first world of content 15 years ago, so-called Web 3. In the process, creators take back at least some of the power of mega tech platforms like Facebook, YouTube and Apple that built their trillion-dollar-plus valuations on their backs.
And will mark the year superfans will use their collective decentralized power to fuel creativity from their favorite artists via blockchain-related opportunities. But instead they should be thinking of NFTs as new direct and directly monetizing channels of super-fandom — opening up membership into exclusive new clubs. They are long-term game-changers.
Hey, brands out there, you better claim your ". Here's why. Facebook and Zuckerberg are first to feel the pinch, as the Feds force Facebook to shed Instagram and perhaps set some real rules to limit unbridled ad and AI-driven algorithmic devastation, both on young people and society itself. AirPods will become the first major gateway into the metaverse — outside of the games industry — much like Apple drove mass consumer adoption in the mobile world with the iPhone.
Expect micro-cameras to be incorporated into higher-end, extremely expensive versions of AirPods that will enable visual experiences. I can see you lining up at your local Apple store already. Everyone wants to own the metaverse including Facebook and Microsoft. Speaking of games, that industry will continue to lead all other categories of entertainment content by an order of magnitude and increasingly show the way for artists and creators to emerge and build audiences.
Before the tragedy of Astroworld , Travis Scott broke out into the metaverse in via "Fortnite" to the tune of 50 million viewers who drove a No. Ariana Grande shattered those numbers this past year, and the marriage of games and music grows stronger in as music licensing for games becomes a massive new revenue stream. Are we ready? Media and tech business models will continue to fundamentally evolve, particularly in light of the havoc wreaked by ad-driven business models from the two major culprits of Facebook and Google.
That will accelerate in Why work when you can play? Meanwhile, Amazon and Apple will also quietly raise their own originals ante as they too accelerate their media ambitions — but for decidedly different ends. Amazon and Apple use content as marketing and to drive customer loyalty — to draw us in and create an ongoing customer relationship so we spend more time and cash in their walled gardens. And in the thirst for new content, expect more media production company acquisitions in Indie idol A24 will be the big prize for Music will continue its double-digit growth — fueled by accelerating streaming via broader global broadband connectivity, entirely new royalty-paying platforms Facebook, TikTok, Peloton , the growing ubiquity of smart speakers and, yes, transformational blockchain-fueled opportunities like NFTs.
Perhaps most notably — and most notably absent in the minds of most executives still today — superfans will directly drive significantly more dollars into the pockets of their favorite artists. Billions have been left on the table in the past. Not any longer. Expect the retail market — that's you and me, the superfans — to directly finance and even buy fractional pieces of content from our favorite artists.
NFTs will help fuel the way. The retail market will open up an entirely new world of financing for producers of film and television. Music festivals and other mega-live entertainment experiences will continue to open up in due to pent up demand for real, physical interaction and lasting shared experiences in our increasingly heads-down digital, virtual world.
There you have it — 10 predictions for our increasingly tech-driven world of media and entertainment in You can follow Peter on Twitter pcsathy.
From NFTs to Apple and the metaverse: Here's what you can expect in 2022
Hong Kong cyber activists are backing up articles by pro-democracy tabloid Apple Daily on censorship-proof blockchain platforms after the newspaper was forced to shut down as it became embroiled in a national security law crackdown. The latest drive to preserve the paper's content comes after activists rushed to upload documentaries by local broadcaster RTHK investigating people in power after the media outlet said it would remove materials older than one year from its social media platforms. Under the national security law, the Hong Kong government can request the blocking or removal of content it deems subversive or secessionist, raising fears over internet freedom in the global financial hub. The Hong Kong government says use of the internet will not be affected so long as its use is within the law.
Will Apple allow crypto payments? Tim Cook makes surprise admission
Cook told Andrew Ross Sorkin in the interview that he believes that owning cryptocurrencies is needed to have a more diversified portfolio. Cook also said that he finds them NFTs interesting, but that it will take a while to play out in a way that is for the mainstream person. Cook also rejected the possibility of Apple buying cryptocurrency with corporate funds as an investment. He will also get additional grants of Apple stock through to , of which the number of shares depends on Apple stock performance. He has stated in the past that he plans to donate his entire fortune to charity. Apple has released financial services through its Wallet App, which includes contactless Apple Pay, peer-to-peer payments, and the Apple Card credit card. If Apple does introduce cryptocurrency products or services, they are many years away. Cook also joins the list of billionaires who have admitted to owning cryptocurrency.
screenrant.com
Some of the relevant provisions include the following. One of the provisions relates to prevents an app from including ads that run background processes such as crypto mining. This is a tactic that has arisen, unbeknownst to many users. The relevant provision recites:. Apps should not rapidly drain battery, generate excessive heat, or put unnecessary strain on device resources.
Apple Updates Crypto Currency Aspects of App Store Review Guidelines
Major companies have stepped in, with Tesla being a prime example. But Apple is also interested in the cryptocurrency industry, and is watching the developments closely. In late May, a job listing revealed that Apple is looking at alternative payments for Apple Pay. Cryptocurrencies are the obvious candidate for that. Unsurprisingly, Cook reconfirmed that Apple is paying attention to the landscape. But he hinted that Apple is looking at other aspects.
Is Apple Planning to Use Blockchain?
This site uses cookies to deliver website functionality and analytics. If you would like to know more about the types of cookies we serve and how to change your cookie settings, please read our Cookie Notice. By clicking the "I accept" button, you consent to the use of these cookies. During the annual Worldwide Developers Conference last week, the company altered its developer guidelines to include specific rules on how its devices could and could not be used to mine cryptocurrency. In short: they cannot. Specifically, Apple no longer permits people to mine for cryptocurrencies on iPhones and iPads unless it happens off-device that is, in the cloud. Crypto wallets and trading platforms are still allowed.
Apple CEO Tim Cook reveals he owns cryptocurrency
Many brands are starting to see a recovery despite the challenges initially brought on by the pandemic. Some businesses, especially ones that focused efforts on expanding e-commerce ventures, have even seen profits rise even higher than before. The company has since built out a number of improvements to prevent people from taking advantage of this mechanism. Reddit told the outlet that it is still in the early stages of its NFT testing phase.
After announcing support for digital signatures and public and private encryption keys, which could be used to represent cryptocurrencies, an Apple executive on Thursday made it clear the company is watching blockchain-based digital currencies. This past spring, Apple announced CryptoKit for iOS 13 , which will allow developers to easily create hashes for digital signatures and public and private keys that can be stored and managed by Apple's Secure Enclave. Those keys, which can represent cryptocurrencies, can then be exchanged by iPhone owners as a form of payment through an app. At the time of its release, Apple did not return a request for comment on CryptoKit and whether it is part of a plan to introduce a cryptocurrency wallet.
Are you a techie who knows how to write? Then join our Team! English native speakers welcome! German-English-Translator - Details here English native speakers preferred. This trend of the cryptocurrency market gaining more and more ground is likely to continue as Bitcoin is predicted to break the six-figure barrier by the end of this year. Buy Ledger Nano S cryptocurrency hardware wallet. The Independent.
Daniel Kuhn. Daniel Kuhn is a features reporter and assistant opinion editor for CoinDesk's Layer 2. You can subscribe to get the full newsletter here.
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