This Is How Ethereum Helps Fight Cancer

Welcome back, traveler. It's BitDegree Insider here, and we're here to keep track of what is going on.

Today's attention goes to:

• Ethereum Used To Fight Cancer
• Will Museums Of The Future Display NFTs?
• Selected Meme of The Day
• Bite-Sized News

ETHEREUM IS USED FOR CANCER RESEARCH

Here's an uplifting story. Twitter user @arigoldnfts has recently shared a story about practical, and actually impactful ways of how crypto can be used to make this world a better place.

"I work in medicine, and Ethereum is being used to cure cancer (seriously)", states the opening line.

And that's true. Ethereum blockchain is being used as storage for data. This data is then used for artificial intelligence model training.

You see, cancer research relies on the accuracy of microscopical images that allow researchers and experts to detect, categorize, and apply treatment towards the cancer cells.

Ethereum blockchain provides researchers the ability to use "decentralized, privacy-preserving machine learning framework to train clinically relevant AI systems'.

It's a revolutionary innovation, and it's only a question of time until all the naysayers, skeptics and doubters will get to face the fact that blockchain is - literally - a gamechanger.

TL;DR: Ethereum blockchain is being used by cancer researchers to train AI models that will help doctors, scientists, and field-experts to combat cancer in a more effective way. Hell yeah.

Museums + NFTs = THE FUTURE?

Okay, so blockchain + science is the future.

But what do we get when we change the equation a bit:

Blockchain + Art = ?

Let's take a look at NFTs.

Many people get dumbfounded by the popularity of some NFT collections. "Why are NFTs so Ugly?', asks Solar Sands, a Youtuber with over 1.2M subscribers.

This sentiment is echoed by one of Solar Sand's viewers, who shares an observation in the comment section:

'NFTs are supposed to be "non-fungible" so that owners can uniquely identify their token, but so many of them consist of mass-produced algorithmic art that all blends together and is meant to be sold in bulk'.

3 thousand people liked this comment. This means that it resonates. A large part of population remains unconvinced. Critical. Eyebrow-raised.

But let's introduce a plot twist. Imagine a story like this:

An artist lives. Gets famous. Eventually, dies. Leaves some never-seen-before works locked away. Some years later, this artist's family discovers this art. Shares it on the blockchain.

Well, something like this has actually already happened.

The name 'Frida Kahlo', the famous vibrant-colour-loving Mexican painter, appeared in the context of a metaverse.

Kahlo's family released never-seen-before art by Kahlo for people to see in Decentraland, the Ethereum-based virtual world. Metaverse, if you will.

In May, 2022, the Royal Museum of Fine Arts Antwerp had a similar announcement. 'Become the "co-owner" of a masterpiece', it said.

This was the first European museum who made tokenizing investment in art possible. The painting in question 'Carnaval de Binche' by Belgian painter James Ensor.

When it was announced, investors could have invested €150 ($148) and obtain fractional ownership of the piece.

This marks a change. NFTs are not necessarily mass-produced, soulless images.

But this will not be an easy shift. Many disagree that some art forms, like abstract expressionism, deserve to actually be called 'art'. Because they just don't get it.

So imagine trying to explain to them that abstract expressionism in the form of non-fungible tokens is a good idea.

But despite that, the world continues turning. Museums catch up with the times. NFTs evolve. Relationship between art and the audience grows.

TL;DR: Museums begin tokenizing investments in art. Eventually it may become possible to obtain, and become the sole owner of a fraction of Mona Lisa (or something similar).

SELECTED MEME OF THE DAY

Bite-Sized News

• 1inch Partners with Revolut to Introduce Joint Learn & Earn Course. Learn about Learn & Earn.
• After the Merge, Ethereum Network Energy Consumption Dropped By 99.9%. They promised, they delivered.
• Thailand and Hungary Join Forces to Delve Into Blockchain Technology. Unexpected friendship born under extraordinary circumstances.
• Japanese City Uses Metaverse to Fight Against Student Absenteeism. If it works, it works.
• The Reserve Bank of India Rolls Out CBDC Pilot for Wholesale Segment. India remains determined to tame that Central Bank digital currency.