#126 - Cardano blockchain is opening a hospital? 🏥

GM and welcome to Decentra Daily.

We're the newsletter that's monitoring the internet 24/7 for the best web3 news – so that you don't have to.

Today,

• The new health clinic that accepts $ADA

• Microsoft closing in on OpenAI acquisition

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Cardano is opening a hospital in Wyoming

If you're anything like me, being a web3 degen has taken a deep, deep toll on your health.

The good news is that, from February, you can check yourself into the Hoskinson Health & Wellness Clinic for some rest and recuperation.

It's a new facility opened by Cardano co-founder and CEO Charles Hoskinson.

The Cardano kingpin's new joint has a focus on preventative medicine and will accept $ADA (the native token of the Cardano ecosystem) as payment for medical services.

What is Cardano?

• Cardano is a public blockchain with a focus on real-world applications

• $ADA is the native token of the ecosystem

• One Cardano use case is improving healthcare data storage

According to their website, the clinic offers everything from primary care to nutritional advice – including "longevity" medicine.

Yup. Not only is Hoskinson gonna make you rich with $ADA, he's gonna help you live longer, too.

The clinic isn't Hoskinson's first foray into IRL businesses. Last year, he announced plans to open up a restaurant and whisky bar called Nessie's that also accepts ADA as payment.

So, thanks to Cardano, you can go from chowing down on whisky and ribs ➡️ to getting your heart restarted at the clinic ➡️ then back to redlining your cholesterol. It's the circle of life.

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On the web3 wire

• Avalanche becomes first blockchain to partner with Amazon 🛒

• A new $1 billion web3 investment fund

• 1/1 Edward Snowden NFT gets live auctioned 🕵️‍♂️

Microsoft is in talks to buy OpenAI's ChatGPT

Microsoft is in talks with OpenAI over a possible $10 billion acquisition.

OpenAI is the silicon valley company that every man and his Boston Dynamics dog is talking about right now – thanks to their free, highly accessible, and OpenAI-ly terrifying chatbot, ChatGPT.

(and their AI image creation tool, Dall-E.)

According to Semafor, Microsoft is ready to become OpenAI's largest stakeholder and wants 75% of OpenAI’s income until it has recovered its initial investment

– Microsoft has already lent the company a casual $1 billion in investments and use of its Azure cloud computing service.

The deal also has a bunch of fine print to help Open AI maintain its (semi) open-source status:

• Microsoft would get a 49% stake

• Other investors would split 49%

• 2% goes to OpenAI’s non-profit parent

• Fortune says the deal could be done by end of Jan

So what will Microsoft do with OpenAI's tech?

They could:

• Take on Google with a new, language-model centered search engine

• Incorporate ChatGPT into Office software to give Clippy a much-needed break

• Put their cloud services at the center of the AI revolution

Bing 2.0 – The sequel nobody saw coming.

C U tmrrw! 👋

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But son, this is generational wealth!..