FFATH ๐ Sango Initiative ๐ Honduras' Bitcoin Valley ๐ Dumping SAND
We are very Far From All Time High
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
๐ Honduras launches 'Bitcoin Valley'
๐ธ El Salvador Bonds to the moon
๐ณ Binance and Mastercard launch prepaid card in Argentina
โ๏ธ Bitcoin creation is protected by 1st amendment
โ๏ธ Bitcoin is now a commodity (U.S. Senate Agriculture Committee)
โฝ FC Barcelona sold NFT artwork for $700k
๐ฎ Canadian taco franchise uses NFTs for customer loyalty program
๐ Metaโs expansion of NFTs into the mainstream
๐ Gucci now accepts ApeCoin (APE) for in-store purchases
๐ Tiffany & Co turning CryptoPunk NFTs into nice pendants
๐ต Muse to release next album on NFT platform
Featured Story
๐ Sango Initiative - An Ambitious Vision for Africa
Many African countries today use the CFA Franc, a currency printed and controlled by the French treasury. It is nearly impossible to exchange against currencies outside the Euro as no other country will accept the CFA Franc. This severely limits the economic opportunities of countries using this currency, and there is growing interest by President Faustin-Archange Touadรฉra to emancipate the Central African Republic from this economic limitation.
Today the Central African Republic (CAR) has begun the process of decentralizing ownership of its natural resources through tokenization and attempting to create its own national currency. The Sango Initiative involves a Bitcoin sidechain that will be at the core of the new digital monetary system which will offer incentives to buy and hold the Sango token through a citizenship program, land acquisition, and the tokenization of the countryโs natural resources. The direct impact of tokenization is access to capital through the monetization of natural resources, transparency, and the ability to enable broader participation through fractionalization. In short, citizens will have a direct relationship with their countryโs natural resources.
If fully realized, the Sango token will be backed by BTC and the raw materials from the CAR enabling individuals to invest directly into the countryโs new currency. The incentives to hold this token (citizenship, land acquisition and tokenization of natural resources) may be enough to stabilize SANGOโs price so that it can be reliably utilized as a currency, but only time will tell.
The Sango Initiative has the potential to create a truly decentralized economy in the Central African Republic, independent from the CFA Franc, where citizens can have a share of the wealth from the nationโs natural resources. Far From All Time High will continue to report on this project, sharing its milestones and ambitions.
Insider News
โ๏ธ Vitalik analysis on ZK wars (If you want more)
๐ฎ Aavegotshi is the most active DAO
๐ฅ Daily active addresses on Ethereum hit new all-time high
๐ Understanding The Merge
โ Must read : Marc Zeller on what will happen with The Merge?
๐ต Bored Ape #9797 becomes the first NFT to drop a music video
๐ Binance using soulbound token for KYC
โฝ $USDC VS $USDT, the derby
๐ฆ Metamask new feature
๐ช Justin Sun airdropping no value coin
๐ Pretty smart exploit on OpenSea
๐ Enkrypt, the browser extension wallet by MEW
๐ Magic Eden Expands to Ethereum
๐ Chainlink now live on Metis
๐ Validator registration open on Sui
๐ Cardano-Cosmos bridge
๐ Gravity Bridge Q3 Updates
๐ Should I dump/short SAND?
7% of the total supply will be released around August 12 , investors are in X300
Reads
๐ Night Clubs & Web3 Games
๐ Analysis of 20 veToken Ecosystem Protocols
๐ Risks in Cross-chain Bridge
Data
๐ Onchain July summary
๐ Polkadot ecosystem weekly digest
๐ July NFT data
๐ July recap by Kraken (2 links)
Builder and tools
๐ ๏ธ Celestia Sovereign Rollups
Not in Crypto yet?
Bonus:
โ
Not signed up to the newsletter yet?