Are Bitcoin Ordinals the future of NFTs? This tweet makes some great points. Serious NFT investors consider chain risk. For that reason, bitcoin could be the NFT platform of the future. On the other hand, there are some drawbacks.
Meta will block social media content in Canada on implementation of Bill C-18. This could provide a boost to Web3 platforms, but (see the survey below) people will need to know about them. Bill C-18 forces Big Tech companies like Google and Facebook to pay news outlets for content posted on their platforms. Meta said they will begin testing the loss of online news content on its platforms to a small percentage of Canadian users. This test is likely to see what the reaction will be and whether it can turn its expense into a profit. It could lead to Meta offering a paid news subscription service to its users, but that would be a bad thing. It would be even worse if a similar law passed in the U.S. On the other hand, it could lead to Web3 adoption. And I'd like to add that every user should be compensated for their content, so why single out news platforms?
In related news, Bill C-11, The Online Streaming Act, was passed last month allowing Canada's Radio-television and Telecommunications Commission to regulate online content. This law has Canadian content producers very concern. In fact, Vancity Vanlife, one of the most popular vanlife YouTubers, is preparing for potentially losing access to 90 percent of his audience.
A Ripple lawyer has removed herself from the case with the Securities and Exchange Commission (SEC). Probably not a big deal, but everyone is anticipating a judgment soon.
Blackrock wants a bitcoin ETF.
Mirror has launched collectible embeds.This is HUGE. Users can now embed NFTs from across the Ethereum network and collectors can collect those embeds from within Mirror posts. That could give Mirror a great big boost, and it's already widely used.
Ride-sharing company Eloop tokenizes 100 Teslas. This is interesting. Users of the service can fractionally own the fleet and share in revenues. Imagine how many other everyday services could allow tokenized ownership for revenue sharing.
eToro delists ALGO, MANA, DASH, and MATIC. Just what the SEC wants.
Zora Network has launched and is multichain. I've been hearing a lot about Zora lately. I need to check it out.
Darkblock says token-bound content will win out over token gating. Before reading this, I had heard about Darkblock but hadn't used it yet. I'm now anxious to try it out.
In a survey on Web3, 67 percent of 15,000 people polled said they should have ownership over their online content. While this survey indicates people want to be paid for what they produce online, a very small percentage of people have heard of Web3 and know what it is. In one sense, this is encouraging. People want the benefits of Web3. On the other hand, they don't know those benefits are available right now. They should read my book. If you agree, share this newsletter with them.
Will there be a big sell off of ADA, SOL, and MATIC?
Hot to create and deploy smart contracts on Polkadot.
Mimo DAO launches Kuma, the stablecoin that pays interest.
Avalanche-based Pixion Games snags $5.5 million seed money.
44 percent of Web3 investments this year are going to the metaverse. This is just plain sad. Can the metaverse make retail more inclusive? If retail needs the metaverse to be more inclusive, it's got bigger issues.
Quivr uses Web3 to identify users on Web2 apps like Spotify, Steam, and Apple Music.
Fashion designers get their own Web3 platform.
Leo Finance and Santimant enter partnership.This is an example of Web3 companies working together for the common good.
Web3 firms are buying Hong Kong crypto licenses for up to $25 million.
What's Happening on Web3 Platforms This Week
ulriklykke wrote about Blackrock's new ETF on Publish0x.
Also on Publish0x, Smoljanović discusses the impact of DAOs on decentralization.
On Hive, @mistakili predicts traditional finance will catalyze the next bull run.
mrhive001 celebrates a Leo Finance and Santiment partnership.
@hive.daily.mix2 curates the best photography on Hive and Peakd via AI.
@hivesucre tells how they got nine businesses on one street to begin accepting Hive-backed Dollars (HBD) as currency. Congratulations to HiveSucre for an extraordinary achievement.
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