European Venture Capital and Web3 Companies join forces to found Tectris

In an exciting development for the travel and hospitality sectors, ennea capital partners, Falkensteiner Ventures, Trips Community, Chain4Travel, and other key players have come together to launch Tectris. The program aims to nurture startups that are developing cutting-edge technologies in blockchain, cryptocurrency, and AI to transform the travel industry. As we move from the ‘read’ phase of Web1 and the ‘write’ phase of Web2, Tectris will lead the change into the decentralized ‘own’ phase of Web3, highlighting advancements like tokenization, decentralized ownership, and automated trust protocols.

From June to November 2024, Tectris will select 10 of the most promising Web3 travel startups, offering them a robust foundation to build upon. The program invests in open protocols, as they represent the foundation on which the whole Web3 in travel industry will live, as well as in non-protocol, for-profit startups that present successful use cases of Web3 in travel.

Luca De Giglio, co-founder of Tectris, shares his enthusiasm: With a dynamic lineup of contributors, this accelerator and syndicate is poised to support startups by providing exactly what they need to thrive. Through our Discord channel, Tectris transforms into an open-space incubator dedicated to nurturing Web3 travel innovations.

Participants of the program can look forward to not just funding opportunities up to €250.000 value, but also immersive coaching, invaluable industry expertise, and unmatched partnership opportunities with established names in travel and hospitality. The program invites applications from teams and solo founders from the concept or pre-seed stage in Web3 and blockchain and the travel, hospitality, and leisure verticals. It’s a remote program with a registration deadline of July 31st, 2024. Semi-finals will take place in scenic Umbria, Italy, during the Web3 in Travel Conference on September 3rd and 4th, 2024, with the finals’ dates in Q4/24 in Vienna, Austria.

The trial of Hunter Biden is nearing its conclusion as his defense team prepares to rest their case before the court. Lead defense attorney Abbe Lowell has called a limited number of witnesses, including Hunter’s daughter Naomi. The possibility of Hunter or other witnesses taking the stand remains uncertain. Despite spotted presence, Hunter’s brother James Jimmy Biden has not testified.

Rebuttal witnesses may be called by prosecutors once the defense concludes, according to special counsel David Weiss’ office. High-profile family members, including First Lady Jill Biden and Hunter’s sister Ashley, have been present throughout the trial. President Biden has refrained from commenting on the case but expressed unwavering support for his son.

The trial is set to continue on Monday with potential rulings on various motions. Closing arguments may commence soon, potentially leading to the jury’s deliberation. The outcome will determine if Hunter Biden is found guilty of the charges. The high-profile nature of the trial maintains public interest in the proceedings.

GREENVILLE, S.C. – The United States Geological Survey (USGS) has reported a series of earthquakes near Buford, Georgia. The first quake struck Thursday night with a magnitude of 2.5, followed by a second tremor early Friday morning measuring 2.1. A third earthquake was recorded on Sunday evening, registering a magnitude of 2. All three earthquakes were centered just under three miles away from Buford. The USGS stated that the seismic activity did not cause any significant damage and issued no warnings following the events.

Mosman Oil and Gas Ltd (AIM:MSMN) has agreed to sell its interest in Nadsoilco LLC, which holds a collection of oil assets in Texas, for up to $1.75 million. The sale includes an initial cash payment of $1 million and additional payments contingent on future production rates. Nadsoilco LLC’s working interest in the Stanley, Greater Stanley, and Winters leases in Polk County, Texas, will be acquired by RCM Tech Solutions LLC as they take over operations.

The sale proceeds will enable Mosman to focus on its helium exploration activities, specifically supporting the Vecta Helium Project in Colorado and other helium exploration and production opportunities, in addition to its remaining oil and gas interests such as at Cinnabar.

Mosman’s CEO Andy Carroll expressed satisfaction with the sale, highlighting the company’s commitment to helium exploration and its potential in various projects. The move aligns with the corporate plan to concentrate on helium opportunities, leveraging their expertise in this sector garnered over many years.

The oil assets being sold generated net revenue of AU$1,603,090 (US$1,056,163) and a net profit of AU$418,876 (US$271,262) in the previous year. They were valued at AU$3,041,673 (US$2,003,945) on Mosman’s balance sheet.

Looking ahead, Mosman remains dedicated to commercializing its oil and gas assets while exploring opportunities in helium and hydrogen projects. The company aims to grow and succeed in the evolving energy landscape, capitalizing on their strategic moves and expertise in the field.

Swedish Scientists Make World’s First ‘Living’ Computer Using Human Brain Tissue

The fear of robots replacing humans is high, especially with the advent of AI. But maybe it should be the machines that worry about us. Swedish scientists have created the world’s first living computer made from human brain tissue. It consists of 16 organoids, which are clumps of brain cells grown in a lab and exchange information with each other. This living machine uses less energy than conventional computers, thanks to the living neurons that use significantly less power. Challenges may arise, but the potential applications of this breakthrough are vast and promising.