GM frens. LFG!
Markets
Here are today’s market moves:
Here's what you need to know:
You can finally own a Lambo and stop with the ‘wen lambo’ posts
Lamborghini is set to release its own NFT collection with this teaser. You can ride through the metaverse with your homies in your very own lambo!
NYC mayor getting paid in Bitcoin suggests buying the dip
Newly-sworn-in New York City Mayor Eric Adams is talking publicly about buying the recent dip in the price of Bitcoin. Should Eric accept his first three paychecks in Bitcoin, he would likely acquire more than 1 BTC following the price drop to $42,948.
NFTs are rumoured to be featured in Superbowl Halftime show
Partly a rumor... partly a prediction - but we think the Superbowl Halftime show will feature NFTs in a major way. Here's the logic:
Pepsi sponsors the show, and have recently entered the NFT space with a major drop.
Eminem and Snoop Dogg, who are set to headline, are BAYC holders. The Twitter profile picture change of Eminem timing was especially interesting... and curious - why else would Eminem (in reality his marketing team) buy an ape?
Thailand introduces new crypto tax of 15% on all trades
The country is keeping a close eye on the crypto industry, which recorded impressive trading volume in 2021. According to Cryptoslate, the new tax law surprisingly pardoned crypto-asset exchanges, which means crypto exchanges will not have to pay the 15% crypto tax gain. A notable fact about this is that several of these exchanges have affiliations with big banks and wealthy business individuals in Thailand. That’s interesting….and fishy.
LinksDAO raises $10.4 million in 48 hours
The DAO for golf enthusiasts was created just 3 weeks ago by Mike Dudas with the goal of raising funds to buy a golf course. It would be like a typical country club, but blockchain-based, allowing members to have voting rights and ideally, more control. The group of “extraordinary talented people” developed a collection of non-fungible tokens, or NFTs, to be sold to raise funds for the project. They raised $10.4 million in 48 hours! Talk about fundraising!
…and in other DAO news…
PartyDAO, a DAO for teaming up and buying NFTs as a group, has built everything with just 25 ETH from a crowdfund. This seems like an ETF for NFTs. Very interesting.
Did you hear?
YouTube has started gifting NFTs for subscription milestone.
In the Simpson’s 9th episode of season 23, aired in 2011 and entitled “Holidays of Future Passed,” - they seem to have done it again - this time predicting the metaverse.
On this day, a year ago: Bitcoin hits $40,000 for first time. It’s current price is $41,707. So if you held Bitcoin from then you’d have made…3% profit! Oooof!