THE BOSTON BLOCKCHAIN BEAT EP.2 | FTX AND THE ADULT INDUSTRY

[Music] thank you hello everyone my name is Lauren Wixom and welcome to another episode of the Boston blockchain B where we share news of all things blockchain to the Boston community and Beyond this episode was brought to you by cubic Labs an incubator from Metro Boston's blockchain startup companies now let's get on with today's news shall we we know all too well about the fall of Sam Bateman freed and FTX but little did we know that the hard crash in this crypto firm would affect not only investors and celebrities but legal workers of the adult industry as well these workers are already facing scrutiny from your digital payment platforms such as cash app and venmo and are now experiencing trouble within the world of web 3. the Boston Globe reported that skepticism about the future of blockchain technology as well as service providers not wanting to be affiliated with adult businesses is leaving legal sex workers in a bind when it comes to receiving payment for their services a PhD student at the Harvard Kennedy School Jessica van Meyer hopes that the service she founded men's Stars will be the solution to this issue Min Stars has branded themselves as an inclusive and sex positive company that would take a smaller amount of money from creators than its mainstream competitor only fans mnstars raised six hundred thousand dollars in funding this month from blockchain leader polygon labs and spank chain an AI boom is upon us since open ai's release of chat gbt in November of 2022 AI has been used across many different Industries blockchain included the largest us-based cryptocurrency exchange coinbase highlighted the benefits of merging both Technologies to create new solutions for societal challenges presented by AI the report mentions several potential use cases that combine both Ai and blockchain Technology one of them being that the combination of AI and blockchain has the potential to address issues such as algorithmic bias and digital identity verification well that is all the news that I have time to report today folks again my name is Lauren Wixom and I can't wait to see you guys in the next episode of the Boston blockchain beat foreign