NFT and copyright, 32 central banks, Stricter rules for NFT in Europe

Since Bitcoin’s inception in 2008, crypto has presented an endless amount of white space with imaginable and unimaginable market opportunities, often with mobile at the center of art in gaming. S2022

This week’s drama

The drama surrounding the L1 blockchain and its leading figure Do Kwon has been in the headlines for days. But since Sunday this activity has declined. Perhaps reflecting this, crypto markets appear to be calmer, but Bitcoin is still trading below $30,000. But many questions remain. The price of Terra’s algorithmic stablecoin, TerraUSD (UST), surged from $1 to around $0.20 this week, while the LUNA token fell more than 99%, bringing the Terra blockchain to a halt. $14 billion in UST value almost evaporated this week. If there’s one thing blockchains shouldn’t do, stop making blocks!

The planned restart of the Terra blockchain has drawn criticism from many quarters, and the broader question of whether this project’s community will recover will remain to be seen. It could take months or more for the regulatory and business impact to be felt. Many companies have said they were ultimately unaffected by the crisis, but it’s far too early for this publisher to say.

The Coinhouse co-founder emailed his clients and extracted: “We have just witnessed a historic moment with the disappearance of an emblematic project, LUNA, and its flagship project, the stablecoin UST. In just 48 hours with no warning signs, the crypto asset market witnessed one of its most violent episodes. We have been forced to stop operating LUNA, the price and availability of which is no longer offered by our liquidity provider partners. The UST stablecoin was not available at COINHOUSE nor in our Crypto Passbooks, which were unaffected by their stand. (Read our LUNA technical analysis) This type of event is never entirely random and is indicative of a “bear market”. Negative price momentum has persisted for many weeks as monetary policy is tightened by major central banks. This is also weighing on the stock market, which is slowly sinking far from last year’s euphoria.”

lights park

Millions of people hold Bitcoin as their first entry into the crypto ecosystem. A 2021 survey found that 86% of Americans had heard of cryptocurrency and 16% had interacted with crypto, compared to just 48% who were aware of a similar survey in 2015.

Startup backed by a variety of investors including a16z Crypto, Paradigm, Coatue and Matrix Partners. Led by David Marcus, former head of crypto and digital finance operations at Meta, then head of Messenger and long ago CEO of PayPal. Lightspark plans to build backend infrastructure for businesses, developers, and merchants looking to transact on the Lightning Network. Lightning is a protocol built on top of Bitcoin with the aim of supporting smaller, cheaper transactions. Lightspark will not focus on creating its own stablecoin or cryptocurrency.

Bitstack, store in bitcoin

An application available as a beta version in the following countries: Germany, Austria, Belgium, Spain, Estonia, Finland, France, Ireland, Italy, Latvia, Lithuania, Monaco, Netherlands, Portugal and Switzerland. The idea and that your loose change from your bank account is automatically put back into bitcoin. Bitstack rounds up your daily spend to automatically generate bitcoin savings for you.

Official identification is tedious, all this needs to be simplified, I’m not sure if this verification process will be that lengthy outside of Europe? Of course you have to verify information, but the procedure is time-consuming for an average user, even if the app has integrated the phases: front and back photo ID, video of face and voice recording, connection to bank account, digital signature of the direct debit

When the NFT returns power to copyright

Incredible story of a street recording of an iconic 20-second audio clip of Mexican culture that is heard thousands of times a day from megaphones attached to pickup trucks across Mexico City. The blockchain, the NFT, makes it possible to dispense with the traditional channels and mechanisms of Mexican copyright law. An artist took this soundtrack to create an artwork depicting Maria and Marco, the authors of this audio clip, driving a rusty flying van. This NFT allows for the exercise of potential monetization without the intervention of lawyers and regulations.

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Madonna launches first NFTs with Beeple

You may have seen her on the networks, pop culture icon Madonna and digital artist Beeple have announced a three video NFT collaboration featuring a nude CGI Madonna giving birth. She is called the “mother of creation”. But in classic Beeple fashion, the visuals are surreal and disturbing…

32 central banks

32 central banks and 12 financial authorities from 44 countries meet in El Salvador to discuss financial inclusion, digital economy, unbanked banking, #Bitcoin use and its advantages in the countries.

NFT issuers may need to centralize and register

New European Union rules could force issuers of non-fungible tokens (NFTs) to centralize and register, which insiders say could “significantly expand” proposed EU crypto rules, according to a document seen by CoinDesk.
The plans, now nearing completion, could also tighten rules on forex access to the block and keep a tighter eye on crypto mining energy consumption, even as the risk of Bitcoin being banned appears to have receded. The document was prepared by France, whose government is chairing the talks in the EU Council.

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1 billion crypto users

Coinbase CEO is forecasting 1 billion crypto users within a decade from around 200 million currently, Coinbase chief executive Brian Armstrong said Monday at the Milken Institute Global Conference. His comments come at a time of turmoil in the crypto markets. After hitting an all-time high near $69,000 in November, Bitcoin’s value has plummeted. The world’s largest cryptocurrency is down about 17% year-to-date.

Personalized advertising on billboards in the Metaverse

This is the first step in making Metaverse advertising easily accessible to all forward-thinking brands looking for Metaverse exposure.

NFT Plazas is the first solution of its kind for advertising in the Metaverse, helping to bring thousands of new brands to Decentraland through a simple and efficient interface. Users can now reach a global audience in minutes without having to code or build in the Metaverse. The simple checkout process allows anyone to log into the Metaverse from anywhere with no special knowledge required and spread their brand message on billboards scattered at many high-end locations across Decentraland.

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Luxury and NFT webinar

In just a few short months, NFTs have made a remarkable inroad into the tech world, and metaverses already represent great potential for the industry. However, if luxury wants to conquer these new virtual and immersive worlds because they represent inevitable opportunities, it is necessary to question their feasibility and the new challenges they bring to the industry. To understand this fascinating phenomenon, Eric Briones, Managing Director of the Journal du Luxe, will host a roundtable with Web3 pioneers (Exclusive, Sandbox) and leading luxury experts (IFOP) to discuss the future of the sector with NFTs and its evolution in the metaverse.

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Balmain & Mintnft

French fashion house Balmain is preparing to delve deeper into the Metaverse in a new partnership with Mintnft. The collaboration consists of an NFT linked to Balmain’s heritage, titled Non-Fungible Thread, in reference to the House’s founder, Pierre Balmain, and his coherent vision of design. The unique NFT will evolve over time based on the house’s future accessories, sneakers and trends, while offering membership benefits to the brand’s influencer network.

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building blocks

Building Blocks Since 2017 is one of the world’s largest implementations of blockchain technology for humanitarian aid. It is currently helping 1 million people in Bangladesh and Jordan by enabling them to securely access and receive different forms of support from different organizations through one access point. In Jordan, for example, it offers refugees digital payments that are stored on their smartphones and live on the blockchain, where funds are traceable and transactions immutable. When a refugee makes a purchase at a point of sale, they can access funds from the digital wallet, which requires a biometric scan before authorizing the payment. In addition to cash payments, families participating in the program can now receive digital vouchers that can be redeemed for groceries and other necessities, with all transactions fully authenticated on the blockchain via a wallet stored on their smartphone.

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