Digital Collectibles...Not NFTs
104 🗞️ SBF Extradited, VISA & Ethereum, Digital Collectibles not NFTs, Web3 News
Happy Monday! Welcome to the final volume of 2022 and the 104th consecutive weekly newsletter. For the last two years, I’ve delivered exclusive information showcasing valuable blockchain technology trends, potential investment opportunities, and the important newsworthy events throughout the cryptocurrency industry. This newsletter has grown from 0 to into the 1000’s of subscribers, partners, and supporters.
With that said, 2022 has been dark and challenging. Not because of the “technology” but because of the “humans”. Too many of the humans at the epicenter of this once burgeoning industry have proven to be bad actors and straight up con artists. This has set blockchain technology and it’s potential back enormously. It has made it harder to continue to operate in a space going backwards. Who can you trust?
Moving into 2023, this newsletter is changing/evolving/disappearing?!
Because what was working in the past…is not working in the present.
Because to improve the future, we must learn from the past.
It’s always been a core passion to invest in education. First for myself and then to share learnings with others. And to have it work in reverse as well. I plan to continue to do this through investrly in 2023 but it will look different. Going forward, the weekly newsletter will be replaced with (bursts) timely short form pieces of content.
These bursts will come in various forms (twitter links, videos, audio, other methods) in real time with fresh and actionable information.
No guarantees.
Happy Holidays
🤡 Sam Bankman-Fraud Saga
The holiday week was anything but quiet with the Sam Bankman-Fried (SBF) story playing out. Over the past week, he was extradited back to the United States and (shockingly) quickly released on bail. Here are the details:
Meanwhile, the 2nd “Crypto Fugitive” from our recent newsletter: Terraform Luna’s founder Do Kwon remains free for now over 4 months:
Hard to imagine the entire blockchain industry being able to truly move forward until this lad is brought to justice as well.
💳 VISA Proposes Automatic Payments
The concept of Account Abstraction and how VISA is working on it through their crypto thought leadership team is an important one:
VISA continues to be at the forefront of crypto thought leadership
🌐 Digital Collectibles
Short but sweet on how the idea of a collectible on the blockchain will evolve in the new year:
Reddit & Donald Trump have onboarded the most new users to Digital Collectibles in 2022. Ironically, they have not mentioned or even noted the term “NFT”.
🌐 News
Solana NFT project DeGods & y00ts are headed to Ethereum and Polygon
Bored Ape creator Yuga Labs names new CEO from Activision Blizzard
Generative NFTs largely avoided market mayhem of this year
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This newsletter was written, edited, and created by Michael Rippe.