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Europe Will Spend €1 Billion to Turn Quantum Physics Into Quantum Technology

A 10-year-long megaproject will go beyond quantum computing and cryptography to advance other emerging technologies

3 min read
Europe Will Spend €1 Billion to Turn Quantum Physics Into Quantum Technology
Cool Quantum Tech: This dilution refrigerator can cool quantum dots to less than 5 millikelvins for experiments in quantum computing.
Photo: Ernst de Groot

European quantum physicists have done some amazing things over the past few decades: sent single photons to Earth orbit and back, created quantum bits that will be at the heart of computers that can crack today’s encryption, and “teleported” the quantum states of photons, electrons, and atoms. But they’ve had less success at turning the science into technology. At least that’s the feeling of some 3,400 scientists who signed the “Quantum Manifesto,” which calls for a big European project to support and coordinate quantum-tech R&D. The European Commission heard them, and answered in May with a €1 billion, 10-year-long megaproject called the Quantum Technology Flagship, to begin in 2018.

“Europe had two choices: either band together and compete, or forget the whole thing and let others capitalize on research done in Europe,” says Anton Zeilinger, a physicist at the University of Vienna who did breakthrough work in quantum teleportation, which would be key to a future Internet secured by quantum physics.

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The Spectacular Collapse of CryptoKitties, the First Big Blockchain Game

A cautionary tale of NFTs, Ethereum, and cryptocurrency security

8 min read
Vertical
Mountains and cresting waves made of cartoon cats and large green coins.
Frank Stockton
Pink

On 4 September 2018, someone known only as Rabono bought an angry cartoon cat named Dragon for 600 ether—an amount of Ethereum cryptocurrency worth about US $170,000 at the time, or $745,000 at the cryptocurrency’s value in July 2022.

It was by far the highest transaction yet for a nonfungible token (NFT), the then-new concept of a unique digital asset. And it was a headline-grabbing opportunity for CryptoKitties, the world’s first blockchain gaming hit. But the sky-high transaction obscured a more difficult truth: CryptoKitties was dying, and it had been for some time.

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