Crypto
AI Blockchain and the Creator Economy Panel at Consensus
Panelists at Consensus 2024 in Austin, TX (Jack Morse)
Consensus2024

Blockchain's newest use case is defeating AI deepfakes

Jack Morse

At the 10th annual Consensus crypto conference in Austin, Texas, a group of media execs and technologists explained how blockchain technology is well suited to combat what they see as an incoming wave of deepfakes that threatens creators’ rights. 

"Blockchain really helps in establishing ownership of content and protecting those rights in a way that is really hard to do IRL,” explained Maya Draisin, Time’s chief brand officer.

At a panel discussion dubbed “AI, Blockchain and the Creator Economy,” the recent conflict between OpenAI and Scarlett Johansson was very much top of mind. OpenAI had been accused of copying the actor’s voice for its latest AI assistant (it denied this), and the panelists said that blockchain is a potential solution for artists worried about a similar fate. 

David Tackel, the senior vice president of Fox Corp’s technology research and development arm, said blockchain tech will allow consumers to check in real time whether a piece of art or online content was, in fact, made by that artist. Picture digital signatures, verified on chain. 

Stuart Levi, a partner in the Intellectual Property and Technology Group at the law firm Skadden Arps, agreed. “I do feel that ledger technology is a way to address and solve for that.” For this to happen, Levi argued that the industry has to move past thinking of NFTs as speculative assets such as Bored Apes. 

Time has explored NFTs as a way to access the magazine’s content, and Drasin emphasized that the industry needs to rethink its relationship with blockchain tech more broadly. "The most interesting stuff of NFTs is as tokens, not as art," she said. 

If blockchain tech and tokens helps artists defend against deepfakes, even some digital NFT artists may end up agreeing with her. 

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Crypto IPOs hit pause as “appetite has been sold to AI”

The rule of three means we can now declare 2026 will not be the year of crypto IPOs:

  • Ethereum development firm Consenys,

  • Security hardware company Ledger,

  • And crypto exchange Kraken are pausing plans to go public, according to reports from CoinDesk.

The companies have delayed their IPOs due to tough market conditions, the report said, including declined trading volume in digital assets, weak price performance of tokens, and investor interest in other sectors.

Kay Kyeongsik Woo, the founder of blockchain ride-hailing application Tada, told Sherwood News, “The market is cooled down and investors’ appetite has been sold to AI.”

Just today, AI chipmaker Cerebras Systems went public and is this year’s largest IPO so far, and investors are excited about potential IPOs for OpenAI and Anthropic as their valuations soar.

“It’s a fair decision on behalf of all the crypto firms,” according to Kairos Research cofounder Ian Unsworth. “For one thing, they will ultimately be dwarfed by some of the other massive IPOs coming up.”

Unsworth also pointed to how the CLARITY Act, if passed, could be a strong tailwind for these companies. “A better regulatory environment could make these companies more appealing to potential investors,” he said.

Consensys, Ledger, and Kraken did not confirm to Sherwood if they had put their IPO plans on hold. A Consensys spokesperson told Sherwood, “As a matter of policy, we do not comment on market speculation,” while a Ledger representative declined to comment on the story.

Meanwhile, Lauren Post, Kraken’s vice president of corporate communications, told Sherwood that the company did not put out any public statements on freezing IPO plans.

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XRP tops 24-hour chart on South Korean crypto exchange

XRP is among South Korea’s favorite coins.

In the last 24 hours, XRP saw the highest trading volume on South Korean exchange Upbit at over $105.3 million, a figure exceeding bitcoin’s $102.6 million, ethereum’s $62.9 million, and dogecoin’s $27.7 million, data from CoinGecko shows.

Meanwhile, spot XRP ETFs saw $5.3 million worth of inflows on Tuesday, bringing monthly inflows to more than $65.3 million, according to SoSoValue.

The activity has not, however, translated into positive momentum for the token, with XRP remaining flat at the $1.43 level in the period.

Prediction market-implied odds of XRP rising above $1.50 in May (a level that hasn’t been surpassed in over two months) now stand at 70%, up from as low as 9% at the start of the week.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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XRP returning to Upbit’s leadership position in trading volume follows the news earlier this week that Ripple’s prime brokerage unit secured a $200 million debt facility from global investment management firm Neuberger Berman to aid with the unit’s margin financing solutions.

Elsewhere, the XRP Ledger notched a new record of 332,000 addresses holding at least 10,000 tokens, worth $14,300, per data analytics platform Santiment. “Historically, rising numbers of mid-to-large wallets suggest increasing conviction from investors who are less focused on short-term price swings and more interested in long-term positioning,” Santiment posted Tuesday night on X.

“This is especially notable because XRP has spent much of 2026 trading below previous highs, meaning many holders appear willing to accumulate during fear rather than chase momentum,” Santiment added.

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XRP returning to Upbit’s leadership position in trading volume follows the news earlier this week that Ripple’s prime brokerage unit secured a $200 million debt facility from global investment management firm Neuberger Berman to aid with the unit’s margin financing solutions.

Elsewhere, the XRP Ledger notched a new record of 332,000 addresses holding at least 10,000 tokens, worth $14,300, per data analytics platform Santiment. “Historically, rising numbers of mid-to-large wallets suggest increasing conviction from investors who are less focused on short-term price swings and more interested in long-term positioning,” Santiment posted Tuesday night on X.

“This is especially notable because XRP has spent much of 2026 trading below previous highs, meaning many holders appear willing to accumulate during fear rather than chase momentum,” Santiment added.

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