These tech billionaires are pouring millions into an exclusive asset class that has generated attractive returns for decades—but you would never know it by looking at their portfolios. What do they invest in that you don’t? Blue-chip art: an exclusive asset class that is expected to grow from $1.7 to $2.6 trillion by 2026.
The only problem? Unless you have a cool $10,000,000 laying around you can’t be a part of this billionaires boys club. Right? Think again. Introducing Masterworks, a platform for investing in proven artists like Basquiat, Warhol, and Banksy. Contemporary art prices outperformed the S&P 500 by 172% from 2000-2020, so it’s no surprise 84% of ultra-high-net-worth individuals collect art. If you’re looking for a solid and nearly uncorrelated asset to add to your portfolio, check out Masterworks.
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Project Kiwi is a small-scale, free-roaming robotic actor developed by Disney's Imagineers. It is a fully mobile, bipedal robot with accurately rendered textures to look like Groot. The robot has expressive eyes and realistic movements. It is still a work in progress and probably won't be seen in public for a while. The goal of the project is to build a character that can walk on its own and interact with park guests.
Spotify will launch its podcast subscription option for partners next week. Content creators will be able to keep 100% of the income they receive from subscriptions. Spotify hasn't provided any details on how its premium services for podcasters will work. Facebook plans to launch an integrated version of Spotify's audio player directly within its app starting next week. Apple keeps 30% of subscription fees in the first year and 15% in subsequent years. It also charges annually for membership.
Wyoming will recognize Decentralized Autonomous Organizations (DAOs) as limited liability corporations (LLCs) effective July 1. DAOs are online collectives of investors that rely on Ethereum's smart-contract technology to make shared decisions. LLCs are entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship. The law makes the process of a DAO becoming an LLC easier and cheaper. It protects DAOs from being sued as general partnerships and makes the rights of DAOs enforceable in court.
The Mars Oxygen In-Situ Resource Utilization Experiment (MOXIE) is a machine that can extract breathable oxygen from carbon dioxide on Mars. It heats Martian air to about 1,470 degrees Fahrenheit and then extracts oxygen from it using a process called solid oxide electrolysis. MOXIE successfully produced about five grams of oxygen on April 20, enough to keep an astronaut alive for 10 minutes. Its peak production rate is 10 grams of oxygen an hour. Oxygen will be needed to fuel a return trip to Mars.
Many games have taken on a hand-drawn art style over the years. Hand-drawn can mean a lot of different things to different people. In this article, 10 developers talk about what makes their games 'hand-drawn'. The developers discuss the process and techniques used to create the art in their games.
Elon Musk will host Saturday Night Live when it returns from its spring break on May 8. Miley Cyrus will serve as the musical guest for the episode. Musk is the late-night series' most left-field and controversial choice of guest hosts this season. This will be Cyrus' sixth appearance as a musical guest on the show.
The US Department of Defense gave control over about 175 million of its IP addresses to tiny Florida company Global Resource Systems as part of a pilot effort to identify potential vulnerabilities and prevent unauthorized use of DoD IP address space. The DoD still owns the addresses. Global Resources Systems was founded in September. The initiative was headed by a group which reports directly to the secretary of defense.
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