Before diving into today’s news on AI, VR, Crypto, Robotics, AND NOW Web 3 as well…

I’ve sent out a few emails recently mentioning that I’ve been involved with automated trading bots. If you’ve responded and I haven’t gotten back to you…my apologies (this email list just passed 14,000 subscribers so my inbox is flooded).

If you’re interested in learning more about how to use automated trading bots to generate passive income…

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Today’s Menu

• Kuaishou Unveils Text-to-Video AI Model KLING

• Bitcoin Futures Open Interest Hits Record High

• Affordable In-Game NFTs Unlock New Revenue for Developers

TODAY IN AI

Kuaishou Unveils Text-to-Video AI Model KLING

Chinese tech firm Kuaishou just dropped KLING, a text-to-video AI that's here to challenge OpenAI’s (unreleased) SORA.

KLING can generate 2-minute videos at 1080p resolution (which is actually pretty far ahead of SORA). The initial demos are pretty insane. KLING's got this 3D space-time attention system that nails complex motion and makes everything look extremely realistic.

If you're in China, you can already use KLING on the KWAI iOS app. If you’re NOT in China then unfortunately you’re gonna have to wait. The AI video landscape is already turning into a bloodbath. I’ve been going strong with HeyGen + Eleven Labs for the last few months (for personalized videos). But KLING and SORA are really stepping up the game.

^{TODAY IN CRYPTO}

Bitcoin Futures Open Interest Hits Record High

Bitcoin futures just hit $37.7 billion in open interest. Back in March, when Bitcoin was hitting all-time highs, the previous record was set at $37 billion. Now, we're seeing spot Bitcoin ETFs getting in on the action too, with a record-breaking 18-day streak of net inflows. The long-short ratio in BTC futures is over 1, which means more people are betting on the price going to the moon.

Research firm 10x is claiming Bitcoin could catapult to $83,000. All it needs to do is break through the $72,000 barrier.

Healthcare company Semler Scientific just put down $57 million on Bitcoin and are looking to raise another $150 million to purchase more. These publicly traded companies are sitting pretty well with a collective $21.8 billion worth of Bitcoin. When Semler made the announcement back in May, their stock shot up fast.

This is all part of a larger trend of large companies, like Microstrategy, hedging against inflation by purchasing Bitcoin.

TODAY IN WEB3

Affordable In-Game NFTs Unlock New Revenue for Developers

A few years ago when I was first getting into NFTs, the ETH network was a mess. Transaction fees were through the roof. Half the time the gas fee was more expensive than the NFT itself.

But now, with these new ETH layer 2 solutions, the cost is so low that gaming companies can afford to give away in-game NFTs.

So, what does this mean for you? It means you'll be able to collect all the virtual items you want without spending a dime. And not only that, but you'll also be able to sell those items in the in-game marketplace and actually make some money from the games you love playing.

But it's not just gamers who are going to benefit from this. Game developers are going to be raking in cash from royalty cuts on every sale made in their marketplaces. It's a win-win situation for everyone involved.

Want to share The Future of Disruptive Tech with a friend, family member, or coworker? Pass this link along to them.

Thanks for reading!

Until next time,

Damon