FFATH 💎Tesla Has Diamond Hands 🍰Reddit NFTs Sellout 🧐 BTC Safer than S&P 500?
We are very Far From All Time High
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Headlines
🚀 Mastercard will help banks offer cryptocurrency trading
₿ Bitcoin now gots its place in the Guinness World Records
💲 Bitcoin volatility is now lower than the Nasdaq and S&P 500
⚖️ Coinbase Backs Grayscale’s Bitcoin ETF Lawsuit Against SEC
💎 Tesla diamond hands its position in BTC
⚽ Lionel Messi partners with Bitget
🇧🇷 Tether USD₮ available in over 24,000 ATMs across Brazil
🇧🇷 Nubank to launch loyalty tokens on the Polygon blockchain
⚖️ Israel Ministry of Finance, stock exchange to test use of digital state bonds
🇷🇺 Kraken crypto exchange is closing doors to Russian users
⚠️ North Korea’s Lazarus Group Attacks Japanese Crypto Firms
Featured Story
👀 Reddit users are being onboarded to crypto - and they don’t even know it.
Who are you online? It’s a question becoming more and more relevant. Since the days of AOL instant messenger and MySpace (insert old man groan here) users have been manipulating their online presence to create alter-egos and personalities to compliment or juxtaposed their real-world counterparts. Today, hubs like Reddit encourage users in developing their own identities through their usernames, bios, and digital avatars.
In July 2022, Reddit introduced an extension of the platform’s Avatar Builder system where artists can produce unique collectible avatars which in turn provide owners “unique benefits” on the Reddit platform. Benefits can include free Reddit coins, awards, and access to the exclusive r/lounge among other things.
The first set of 31 special-edition series, which are now sold out, were sold through the Collectible Avatars Shop and purchasable in USD, no cryptocurrency required. It may then come as a surprise to some buyers that each avatar they purchase is an NFT, licensed and stored on Polygon, a general-purpose, Ethereum-compatible blockchain. Since the launch of Reddit’s Polygon-based NFT system nearly 3 million users are holding one of these collectible avatars.
Not interested in holding your avatar? Simply create your Polygon wallet and take a digital trip to OpenSea where you can sell and purchase all of Reddit’s digital avatars.
A huge step toward decentralized ownership, the collectible avatars on Reddit serve as an example of where web3 is taking us. In addition to digital assets retaining some value after purchase, Reddit demonstrates the new business model where creatives will retain the rights and royalties of their work. Each NFT, whenever it is bought or sold, will be able to pay out royalties to the artist.
For artists wanting to possibly make a buck, Reddit encourages you to join their creator waitlist and continue sharing artwork on Reddit. Benefits associated with ownership of these NFTs are currently only relevant on Reddit, but what’s stopping artists from providing their own incentives for owning a piece of their work? The potential for individual artists to provide their own access, discounts, and deals for owners of their work is opening up new ways of doing business across the globe.
The internet is changing, and most people won’t even notice until it already happened. Lucky for you, Far From All Time High (FFATH) is on watch.
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Insider News
🔥 More power to veCRV?
⚠️ DAO Maker trying to f*** its community?
🌊 No airdrop for Sui? Maybe for MIST?
👉 Gavin Wood steps down from CEO to become CTO
🛠️ (Update) GHO development
👉 Ripple is working on its EVM
⚽ Ronnie is scamming people again…
🐵 ApeCoin Staking
🔥 Ready for instant yields?
👉 SBF thought on DeFi
👉 SBFT under investigation by Texas Regulators
🔺 Avalanche subnets can now let validators stake using the subnet's token
👉 Mango Markets exploiter comes clean, claims all actions were legal
🔥 STFX Alpha Mainnet Competition
👉 Maker Poll on Coinbase USDC
👉 frxETH is live
⚠️ Cosmos IBC security advisory Dragonberry
Reads
📚 SBF - THE REGULATOR - Rekt
Data
📊 Analytics live on OpenSea
📊 State of Harmony Q3 2022
Builder and tools
🛠️ EIP-3525: Semi-Fungible Token
🛠️ EIP-4337: Account Abstraction using alt mempool
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