A recent study suggests that a cup of coffee may be more effective in treating depression than microdosing, while in the world of cryptocurrency, Infinex Token launches with a $300 million valuation, and Polkadot's treasury posts its first profit under OpenGov. Meanwhile, the TV industry concedes that 8K may not be the future, and a protester claims her Global Entry was revoked after an agent scanned her face.
In a surprise revelation, a recent study has found that a simple cup of coffee may be more effective in treating depression than the increasingly popular practice of microdosing. This unexpected finding has sparked interest in the potential therapeutic benefits of everyday activities and substances.
In other news, the world of cryptocurrency has seen significant developments. Infinex Token, a decentralized super app, has launched with a staggering $300 million valuation. The token, which debuted at $0.033 per token, has since dropped to $0.021 as investors take profits. According to a release shared with The Defiant, Infinex functions as a decentralized super app, connecting dApps across more than 25 different blockchain networks, accounting for "85% of the top 100 assets on CoinGecko."
Infinex plans to expand its token offerings throughout the first half of the year, incorporating additional popular Web3 features, including support for prediction markets and NFT marketplaces. This move is seen as a strategic effort to offer users an all-in-one alternative to the hundreds of dApps that currently dominate the DeFi landscape.
Meanwhile, Polkadot's treasury has posted its first profit under OpenGov, according to a new treasury report. The report reveals that the treasury spent $7.4 million in Q4, the lowest level since OpenGov was introduced. After accounting for inflation and token burn, the treasury posted a net profit of 1.6 million DOT, its first positive result under the current system.
The report also highlights that most spending went to core areas, with development receiving $2.5 million, followed by outreach at $1.7 million and operations at $1.3 million. Additionally, a record 68% of spending was handled through departments and bounties, while 30% was done in stablecoins. The treasury also became more active across the Polkadot ecosystem, with around $3.8 million deployed into DeFi-related market operations.
In a separate development, the TV industry has finally conceded that 8K may not be the future. With virtually no content and limited benefits, 8K TVs were, in hindsight, doomed from the start. This admission marks a significant shift in the industry's focus, as manufacturers begin to explore alternative technologies and innovations.
In a more concerning development, a protester has claimed that her Global Entry was revoked after an agent scanned her face. According to a court filing, the protester's Global Entry and Precheck were revoked just three days after the incident. This incident raises questions about the use of facial recognition technology and the potential consequences for individuals who engage in peaceful protest.
As these stories demonstrate, the world is constantly evolving, with new discoveries and developments emerging across various industries. Whether it's the unexpected benefits of coffee, the shifting landscape of cryptocurrency, or the TV industry's concession on 8K, one thing is clear: the future is full of surprises, and it's up to us to stay informed and adapt to the changing world around us.