gm to everyone expecting this edition to be full of #RussiaUkraineConflict and the dip.
NGMI!
Markets
Here are today’s market moves:
Here's what you need to know:
Is it worth getting a crypto domain name?
Seen people showing off their .eth domain names on Twitter? Two days ago, Puma registered their ENS domain and changed name to Puma.eth on Twitter.
They look cool—especially if they’re short and memorable—and can make transacting on the Ethereum blockchain easier since you just have to remember a .eth name instead of the tough-to-remember public address.
Often compared to the current web’s “domain naming system,” which uses “human readable” names for IP addresses, Ethereum Name Service (ENS) is a functioning, alternate, open-source way for individual users to own their little corners of the web.
What the hell is ENS?
Backstory: A few months ago, a domain service provider called Ethereum Name Service (ENS), came up with the .eth idea. They wanted to make the internet cool again. People could buy a .eth domain for about $5. Then one day, boom! people checked their wallets and were shocked! ENS had awarded their early adopters with an airdrop which had a massive value.
How do these domain names work?
After your purchase, you can mask your public wallet address to ENS or any other domain service provider. Whoever contacts/transfer on that ENS will direct to that public address. Easy-peasy!
But is it worth owning one?
Here are some points against it:
People are more familiar with the .com or .net more than the .crypto
Development of the actual website on it is hard at the moment. Brave browser has already made some progress on this.
Viewing the .crypto website same requires additional steps in browser.
Your wallet is easily traceable. If you spend straight from your public wallet all your purchases are public.
Here are some points in favor:
They are FOREVER (or at least till Ethereum exists) - this is probably the biggest USP. If blockchain based website take off in Web 3.0 then no one will want to pay annual fees for having a domain!
They are NFTs - which means they can be easily transferred between wallets easily.
If you’re lucky, you’ll get a massive airdrop of money! Just like ENS did to its holders.
Here’s a list of domain providers you can use to purchase your new crypto domain! DYOR.
Now you can buy home equity slices via fractionalized NFTs
Vesta Equity is using the Algorand blockchain for its NFT marketplace, to create the first peer-to-peer exchange that allows homeowners to leverage and sell a slice of equity with NFTs/digital collectibles. The fractionalized NFTs are packaged as a security and registered with the SEC.
“Imagine a world where, with a few clicks of your mouse, you can access the entire accumulated value of the equity in your home without incurring debt or selling and moving,” Vesta’s CEO said.
So if a friend says that “Oh, NFTs are useless” or that “no utility means no real value,” show them the above concept 👆 or better yet, tell them to follow Crypto Brew 😉
🔥 Hot Take: In the coming months, we’ll see many startups like Vesta, who will be taking real-world problems like physical birth certificates/government IDs/university degrees and turning them into non-fungible tokens.
Monster Energy files for four NFT and metaverse trademarks.
Oh look! Another big business enters the crypto chat.
The NFTs will focus on downloadable virtual goods in beverages, food, supplements, sports, gaming music, and apparel. The company will also offer digital media, files, and digital assets products.
Mmmm….love me some virtual food.
Check this out
Found a video that I HAD TO share with my Brew fam.
Sorry frens, I had to share the pain. Forgive me 😭
Did you hear?
The highly anticipated project Invisible Friends is launching today - and their 1 of 1 auction for their “Golden Friend” just sold for 496.69 ($1.32M). 100% of the proceeds are going to the RCC Charity Fund.
Crypto lingo of the day
P2P:
Peer to peer. In crypto this is mostly used in payments where two users transfer funds without an intermediary.
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