If you like this weekly summary, subscribe to receive it next week ๐
Your one-stop source for the most important crypto news of the week.
Click the green link to learn more about each headline.
Headlines
โ๏ธ Basel committee will allow Banks to hold up to 1% in crypto
โ๏ธ Binance obtains his licence in Spain
๐ DoorDash and Uber Eats to Accept Crypto Payments (with BitPay)
โ๏ธ You can pay you taxes in Bitcoin in Ticino, Switzerland
๐ HTC launches metaverse phone with Polygon
๐ Nike giving commercial rights to NFTs holder
๐ Reddit is launching an NFT marketplace
๐ Coca-Cola NFTโs collection
๐ Porshe is also joining the NFT race
๐ฎ GameStop chooses 0x API to power DEX swaps in its new digital asset wallet
๐ Lamborghini-backed GT racing team to authenticate car parts using NFTs
โฝ Kylian Mbappรฉ signed for Sorare
๐ Nexo plans to buy Vauld
๐ The second NFT drop from Gucci
Featured Story
๐๏ธ NFTs are taking over, and it feels like 1995
Weโre doing things a little differently today. Instead of one featured story, Iโd like you to take a look at all of the headlines. Gucci, Porshe, Gamestop, Coca-cola, Reddit, Lambo, Nike, and your momโs new noticeably younger boyfriend; everyone is looking for a slice of that sweet sweet NFT pie.
For a long time now, NFTโs have been ridiculed as worthless jpegs. Large exchanges like Opensea have seen sharp drops in user activity. Many NFTs have lost nearly all of their value. Chevyโs NFT auction that included a free Corvette Z06 attracted no bids, twice. This begs the question, if NFTโs are worthless, risky schemes why is everyone - and I mean everyone - launching their own NFT products?
Well, to make money of course. Either everyone is too deep into the latest pyramid scheme to get out or NFTs are part of a bigger picture. The news this week can be a warning, or a premonition depending on who youโre talking to. As for me, I ascribe to that well-established wisdom of the bro bag holder - zoom out.
Web3, decentralized ownership, finally freeing yourself from the shackles of โThe Manโ, and all that other jazz your third cousin spat at you after draining the open bar at that wedding last summer could actually be something. Maybe to do with NFTs? The trouble is, no one knows quite where this all is headed. Today reminds me of the early internet and those that just didnโt understand its potential. If history truly does repeat itself, then those mocking NFTs could wake up one morning to find their foot in their mouth.
Watch: Host mocks Bill Gates for defending "Internet" in 1995 - YouTube
Insider News
๐ MakerDAO's integration of real-word assets could set up the next bull run
๐ฅ Johnny Depp donates earnings from NFT sale to charity associated with Amber Heard
๐ Polkadot staking dashboard
๐ Optimism working with Celestia for data availability
๐ Crypto/Web3 Startup Ideas
๐ GHO, AAVE new stablecoin
๐ And SHIBA working on his own stablecoin
๐ช๏ธ๐ธ Tornado Cash open-sources UI code
๐ Aztec is finally live on mainnet
๐ต LimeWire to launch NFTs
๐ Chevy NFT auction that included a free Corvette Z06 attracted no bids, twice
๐ Nested is live on Nexus Mutual
Reads
๐ Bridging TradFi and DeFi
๐ StarkNet Roundup 23
๐ Blockchain vs Traditional Databases
๐ Crypto-anarchism
Data
๐ต This week in music NFTs
๐ State of Livepeer Q2, 2022
๐ State of Ethereum Q2, 2022
Builder
๐ ๏ธ learning Web3 development in 100 Days
Not in Crypto yet?
โ
Not signed up to the newsletter yet?