Hasta La Gadget!

Peloton has struggled financially in recent months, but it shared a bit of good news on Monday. It announced a settlement agreement with iFit, one of the companies it sued last fall for attempting to “free ride” off of its technology. At the time, Peloton accused its rival of violating up to four of its patents related to on-demand classes.

As part of the settlement, iFit will remove some leaderboard features from its devices. Peloton, meanwhile, has agreed to license a handful of patents from iFit that involve the company’s remote control technologies. The two firms did not disclose the financial terms of the agreement. “The parties are pleased to put the litigations behind them,” Peloton said.

While we will probably never know the factors that led to iFit’s decision to settle, the company probably had the fate of Flywheel in mind. Just before the start of the pandemic, Flywheel announced it would shut down its online classes after losing a patent lawsuit to Peloton. In the aftermath of that announcement, Peloton began a promotion for Flywheel customers where they could trade in their bikes for a refurbished Peloton bike at no cost. At the same time, there are examples of companies successfully challenging Peloton. At the start of the year, Echelon convinced the US Patent and Trademark Office that Peloton shouldn’t have been granted two patents related to its streaming technologies.

“The band that changed K-pop” has been bringing these family members together since they burst onto the scene in 2013.

If you’re an AT&T Fiber Internet customer, you can expect a significant speed increase in the near future.

In addition to their latest tracks and playlists, musicians can use Spotify’s artist profile pages to promote merchandise and concert dates. Soon, they may be able to use those pages to promote NFTs as well. As first reported by Music Ally, Spotify has begun testing NFT galleries. The feature is available to a select group of US users on Android and includes Web3 enthusiasts like Steve Aoki.

If you have access to the test, you can view the galleries by visiting one of the included artist pages and scrolling past the song list. Tapping on an NFT allows you to see a larger version of it, in addition to a short description. Per The Verge, a “See More” option redirects you to the NFT’s OpenSea listing page where you can purchase the token. According to Music Ally, Spotify isn’t collecting a commission on sales it helps facilitate during the test.

“Spotify is running a test in which it will help a small group of artists promote their existing third-party NFT offerings via their artist profiles,” Spotify told the outlet. “We routinely conduct a number of tests in an effort to improve artist and fan experiences. Some of those tests end up paving the way for a broader experience and others serve only as an important learning.”

We’ve reached out to Spotify for more information.

The test comes as other major platforms like Instagram incorporate their own NFT features even as the market cools down. Citing data from NonFungible, The Wall Street Journal recently found that daily NFT sales are down 92 percent from their peak in September. The number of active wallets is also down by about 88 percent. 

Graphics card prices are steadily declining, but you might want to resist buying one if you can hold out for just a bit longer. That’s because Nvidia’s next-gen GPUs are only months away, according to a tipster with a strong track record.

Read more…