Twitter to Allow Users to Record GIF From iOS App’s Camera 📷

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Twitter to Allow Users to Record GIF From iOS App’s Camera 📷

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Twitter has introduced a new feature that will allow users to make GIFs right from the in-app camera on iOS.

This feature could be a useful way for users to share short clips on their timeline without having to upload a full video.

To record the GIF, you have to click on the new tweet button, tap the photo icon, and then the camera icon (make sure you have turned the GIF mode), and finally press and hold the record button.

After recording the GIF, you are given the option to play it front to back on the loop. You can also play the GIF just like a boomerang, which plays forward then reverse on loop.

However, like most of the GIFs in tweets, there is no option to save a GIF to your computer or phone, as Twitter only shows the ‘Copy Gif Address’ option.

While Twitter has not announced when the GIF feature might be available for Android but the micro-blogging platform may add the feature in new updates to Android users eventually.

Quantum Tech Focused Startup Sandbox Spins Off From Alphabet 

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Alphabet has announced that its Sandbox division, which focuses on quantum computing technologies, is being spun off into an independent company called Sandbox AQ.

Sandbox is said to have raised funding from a group of prominent investors, including former Google CEO Eric Schmidt, Salesforce CEO Marc Benioff’s TIME Ventures, Breyer Capital, among others.

Launched in 2016 by serial entrepreneur Jack Hidary, Sandbox operated as a separate group outside Google’s parent well-known moonshots division- X, which has spun off a few of its companies into its other bets segment.

Hidary will continue to remain as CEO of Sandbox AQ. The company will start initially with a team of 55 employees and will use the fresh proceeds to hire more AI experts, physicists, and engineers.

Sandbox’s customers include SoftBank Mobile, Vodafone Business, and New York’s Mt. Sinai Health System.

The software-as-a-service company is planning to develop enterprise software that will use quantum technologies to address global challenges like cybersecurity, drug development, and clean energy. The company also aims to explore the intersection of quantum computing, physics, and AI.

Abu Dhabi 🇦🇪 Releases Draft Recommendations For NFT Trading

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As the NFT market has ballooned to billions of dollars, with creators, investors heavily investing in the hottest crypto property, regulators and agencies seem to have been influenced too.

On March 21, Abu Dhabi Global Market (ADGM), the international financial center & emirate’s free zone, has released a consultation paper containing draft guidelines covering non-fungible tokens (NFTs) and other asset classes.

The paper titled ‘Proposals for enhancements to capital markets and virtual assets in ADGM’ proposes that companies with a license from the free zone’s financial regulator be allowed to facilitate NFT trading.

The document includes a little over a page on virtual assets and non-traditional financial products, in addition to sections dedicated to traditional financial instruments.

The Financial Services Regulatory Authority (FSRA), the free zone’s principal regulator, illustrates NFTs as intellectual property rather than specified investments of financial instruments. It also suggests other operational aspects of NFTs and marketplaces.

Currently, FSRA is not proposing a formal regulatory framework for NFTs. The consultation document is open for feedback until May 20 and invites stakeholders to share their thoughts on the key issues.

NFT Startup Yuga Labs Raises $450 Million in Seed Round 💰

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Yuga Labs, the creator of the Bored Apes Yacht Club collection of NFTs, has raised $450 million in seed round at a valuation of $4 billion.

The funding round was led by Andreessen Horowitz and also saw the participation of Animoca Brands, Thrive Capital, LionTree, Sound Ventures, FTX Trading, MoonPay, among other investors.

Founded in 2021, Yuga Labs is one of the prominent marketers of NFT brands. The startup is the creator of Bored Ape Yacht Club, which is a collection of 10,000 Bored Ape NFTs- unique digital collectibles on the Ethereum blockchain.

Over the past year, Yuga has established itself as one of the top NFT marketers, striking deals with prominent investors and launching top NFT collections.

The startup owns the intellectual property for BAYC, CryptoPunks, and Meebits, which are being highly valued NFT collections in the market.

Yuga plans to use the fresh funds to scale its rapidly growing team and attract the best talent across different functions. In addition, the company plans to use the funds to support joint ventures and partnerships.

Around the Web 🌐

Validus Acquires CitiBusiness Loan Portfolio: Singapore-based SME lending platform Validus is acquiring CitiBusiness’ loan portfolio for an undisclosed amount. The acquisition will help Validus to bolster its top-line revenue, customer base and expand its growing loan book.


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