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Good morning tech fam, here are some quick tech updates for you to catch on to!
What's New Today: Meta holds its first 'Creator Day' event in Hyderabad and launches its new AR program for content creators!
Fast-Track Insights: Tron is now appointed as the designated blockchain infrastructure for Dominica, the first of its kind in the blockchain industry.
India is aiming to develop a clear crypto regulatory framework during its G20 presidency next year. As laid down by the Indian Finance Minister, almost all countries want the new blockchain and crypto technology to be utilized but not misused. India will assume the presidency of the G20 summit for one year, starting December 1, 2022, to November 30, 2023. Under this presidency, the country is expected to host over 200 G20 meetings across the country.
Tron makes another breakthrough after its cooperation with the sovereign states, it was appointed as Dominica's designated national blockchain infrastructure. The government also endorsed issuing a digital Dominica Coin. This kind of achievement marks uniqueness in the blockchain industry. The Government of Dominica announced the news on its official website that it had entered into an agreement with Tron, appointing it as its national blockchain.
Meta holds its first 'Creator Day' event in Hyderabad. The event was basically an opportunity for the company to launch a unique program for creators, where they will work with the company to get their own AR effects, enabling them to engage and grow on their Instagram accounts. Creator Day is Meta's flagship event that will celebrate creators and provide them with an opportunity to interact and learn from each other.
Elon Musk decides to keep funding SpaceX's Starlink internet service in Ukraine, reversing the company's push to ask the Pentagon to fund the initiative. The SpaceX CEO will continue to provide Starlink internet service at no cost to Ukraine, amid its Russian invasion. 'The hell with it', says Musk to the financial troubles and losses that the Starlink project is currently enduring.
Reports say, almost all IT companies are moving towards lower attrition rates amid fears of the global recession. The technology job market has been under high heat over the past couple of years, besides, the compensation expectations for new hires are also becoming quite unrealistic. The Tier 1 tech companies in India are under massive pressure to preserve company revenues amid growing financial constraints.
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