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Crypto

Solana unveils enterprise blockchain platform with Mastercard, Western Union among participants

Solana has unveiled an AI-based blockchain platform, with Mastercard, Western Union and Worldpay joining as early participants, The Block reported on March 24. The Solana Developer Platform supports development of on-chain products including real-world asset tokenisation and payment technology. Mastercard plans to use it to expand stablecoin operations and support stablecoin payments directly on the Solana network. The platform offers APIs for tokenisation, payments and trading, and includes infrastructure partners providing custody, compliance and on-ramping.

Crypto

RBA draws line between stablecoins and deposit tokens in tokenisation

The Reserve Bank of Australia has shifted from debating whether to adopt tokenisation to focusing on how to implement it, the Block reported. Deputy Governor Brad Jones presented results from Project Acacia, which reviewed 20 use cases for tokenised assets and tested four settlement methods. The RBA outlined distinct roles for stablecoins and deposit tokens and cited network effects, legal and regulatory uncertainty as key obstacles.

AI & Enterprise

OpenAI ends Sora video AI service, completes training of next-generation Spud model

OpenAI has abruptly ended its AI video-generation service Sora, scrapping the app and API, a plan to integrate it with ChatGPT and a $1 billion partnership it had been pursuing with Disney. The Disney arrangement was reportedly only a verbal understanding. The Sora team will shift toward world simulation for long-term robotics research. Alex Heath said GPU allocation was a key factor as OpenAI prioritises Codex and enterprise products.