Crypto Weekly 13/12/21

HIDDEN GEMS Page 24

A METAVERSE MARRIAGE

CRYPTO Page 31

NFT PLATINUM RECORDS Page 33

WEEKLY $2 cryptoweeklymag.com December 2021 | Volume 06

SATOSHI NAKAMOTO FOUND! Page 06

$50 BILLION to BTC Page 18 Founder

CRYPTO REGULATION

CRYPT0 MARKET DRAGGED by FED

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WHY CRYPTO CAN'T Page 10 SUCCEED FACEBOOKS FAKE METAVERSE

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Video of The Week The Strength of a Trade

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METAVERSE ALREADY HERE! Page 16

750 BNB in 180 SECONDS

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Beginner's Guide to Mining

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TOKENOMICS GUIDE

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EDITOR’S LETTER

1

Crypto Weekly

Welcome to Crypto Weekly W

elcome to the 6th issue of Crypto Weekly.

The thing about me is that I am very humble.

I am so freaking humble that I discount my "SELF".

This is a mistake. I have known things about myself since I was very young. Now I am sixty and just discovering these things for the values they hold. I have been taught by our culture to discount myself.

I put a label on my soul and stacked it on a shelf. I left it there. Recently I picked it up and wiped off the dust, and what did I see? I see that I shine.

It’s important what we feel about ourselves. The things we hold deep inside propel our lives and reflect on the things we think and say. I have been searching for the best things to feel and say my whole life, and you can see it in the way I have lived it. I feel like my whole life has been like a Disney movie. Trial, tribulation, adventure, extreme highs, and the lowest lows. It seems I have been swept up in a great current and all I ever wanted to do is find my way home. In the cryptosphere, we also base our opinions on these most basic impulses, and they lead our ideas about how we view the industry and think things will develop. I hope how I have learned to tune into the world will help all of you get a clearer picture of crypto. If I can accomplish that, I will feel I am successful at my work to my utmost ability. I genuinely care about every one of you.

I feel like my whole life has been like a Disney movie.

Trial, tribulation, adventure, extreme highs, and the lowest lows

Crypto Weekly will answer all of your questions. Whether you're new to crypto or have some experience, we're here to help. I hope you all have fun. Now that we have reached the end, it is time to turn the page, but let us know your thoughts. If you would like to see something featured, please get in touch with me. I feel I have finally found home. editor@cryptoweeklymag.com

editor@cryptoweeklymag.com

cryptoweeklymag.com

www.cryptoweeklymag.com

Robert Stone Editor

December 2021 | Volume 06

2

SPECIAL REPORT Crypto Weekly

CMC COIN Launch Raises Over

750 BNB in Record Time

CMCC ($CMCC) launched into space on Tuesday December 8th backed by Crypto Weekly Mag, the world's leading weekly cryptocurrency magazine.

C

rypto Marketing Company (CMC) 's tumultuous launch day soon had investors seeing green as presale slots filled up within minutes following the ITO of its flagship coin, $CMCC. CMC's co-founders Nathan Hill and Colin Wooley, assembled CMC's team of crypto-industry leaders to prime the engines, test the fuel lines, and join in a silent countdown to launch.

As the magnitude of the task they had undertaken rippled within the team,

December 2021 | Volume 06

then throughout the greater CMC community, the team sat together, in awe of their accomplishment. The launch had exceeded all expectations, and they certainly knew it. Tom Stokes, newly appointed junior editor, said, "Let's hope it's ready because we can't put the crap back in the horse." The launch had exceeded all expectations, and they certainly knew it. With its parent organization, Crypto Marketing Company, the subscription magazine

Crypto Weekly is destined to fly an asof-yet uncharted course in the world of Cryptocurrency and Blockchain Journalism.

CMC Company Website thecryptomarketingcompany

www.cryptoweeklymag.com

SPECIAL REPORT

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Crypto Weekly

The room fell silent as Hill described the successful launch Nathan declared his delight with the launch success when he addressed $CMCC investors, saying "The team couldn't have hoped for a better presale - we only reached the softcap in less than 180 seconds, that's practically unprecedented." Colin added "This is only the first step. We need to redouble our efforts and continue the hard work that has made CMCC what it is today."

A media arm of The Crypto Marketing Company, Crypto Weekly Magazine, has over 125,000 subscribers and is set to make waves in the world of decentralized finance. Talented contributors have flocked to this rapidly expanding multimedia conglomerate every step of the way.

CMC Coin on Telegram & Twitter

Our technology team has secretly been developing a cryptocurrency payment platform to launch one that will allow users to purchase one of 25,000 products delivered directly to their doorsteps. The number of products will

continue to increase as the platform expands. Integrations with other cryptocurrencies will allow holders to purchase the same products in the coming weeks and months. This will increase brand exposure.

The Crypto Weekly Magazine: Journalism at its best As part of his closing remarks, Colin described the magazine's purpose. "The CMC_COIN_1

CMCCOIN2000

CMC group of companies has also launched the Crypto Weekly magazine, which currently has more than 125,000 subscribers. It is a pleasure to be surrounded by such an accomplished team during this monumental launch

Nathan says that "all efforts have been made to ensure the long-term sustainability of the Crypto Marketing Company and the associated $CMCC Coin.

Our tokenomics ensure sustained price action, while our utility arrangement with partnered advertisers ensures the continued growth of both the underlying token as well as the organization as a whole."

The Cryptozon Online Market Place

for The Crypto Marketing Company, as it makes the magazine the largest subscribed to cryptocurrency magazine in the world.."

CRYPTOWEEKLY

$2 cryptoweeklymag.com

BItcoin increases privacy Page 16

Welcome explore the crypto island Page 12

Does the Metaverse Exist?

Page 04

VIDEO OF THE WEEK safest way to trade Page 21

metaverse splinters society

CRYPTOWEEKLY

$2 cryptoweeklymag.com

Scammers Google Ad Trick VIDEO OF THE WEEK A Broke Traders Way Out

NFT`s Quantum Leap The Metaverse

Page 10

Teaching crypto in school Page 24

Along with their media venture, CMCC is preparing to launch a revolutionary online goods delivery platform. It plans to launch a cryptocurrency-based physical goods marketplace with global retailers across hundreds of consumer goods industries.

www.cryptoweeklymag.com

dance with disco Burn

The Hottest New Metaverse!

BEGINNERS GUIDE

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Dollar Loses Credibility Biggest Questions of Crypto $2.00US $2.00CAN

$2.00US $2.00CAN

December 2021 | Volume 06

4

NEWS Crypto Weekly

Blockchain Land Sales Surpass $100M in a Week

S

everal Ethereum-based projects are gaining traction as the metaverse sector grows. Investors are also interested in Solana-based projects as their adoption grows. A recent $2.5 million purchase of virtual land on Decentraland shows interest in metaverse land has reached a new high. Last week, virtual real estate on metaverse projects reached $100 million. Since the emergence of the latest trend, investments in virtual real estate have been at their highest level.

The Metaverse is a virtual property represented by nonfungible tokens (NFTs). NFTs are unique digital tokens representing virtually any type of ownership online.

The report noted that most of the metaverse land activities are currently taking place on the Ethereum

blockchain. Ethereum remains the largest programmable blockchain globally, and Solana is another blockchain that has gained traction in the Metaverse. The report revealed that Solana's metaverse projects are currently competing with Ethereum in terms of market activity.

One of the most expensive acquisitions on the Metaverse happened last week when a virtual land on Axie Infinity was sold for 550 ETH (roughly $2.3 million at the time). Tokens.com, a Canadian investment firm, also bought virtual land on Decentraland for $2.5 million.

The Sandbox metaverse is currently being built by the rapper Snoop Dogg.

Metaverse adoption might be boosted with the entry of such famous figures.

DappRadar reports, "The wave of attention towards virtual worlds like

The Sandbox and Decentraland began with Facebook's rebranding to Meta."

According to the crypto analytics platform, metaverse land is expected to be the next big thing in the world of NFTs. According to the site, as they become an industry standard in the cryptocurrency space, Metaverse land will continue to grow in sales. 

Florida Seeks To Embrace Crypto

F

lorida Governor Ron DeSantis recently revealed his plans to allow businesses to pay state fees with cryptocurrencies. In his 202223 "Freedom First Budget" proposal, DeSantis hopes to follow in the footsteps of Miami Mayor Francis Suarez and make the entire state government "crypto-friendly."

Funding to the tune of $200,000 for the Department of Financial Services would enable the office to offer Florida businesses the option to pay state fees using cryptocurrency directly to the Department of State.

The Department of Highway Safety and Motor Vehicles would receive

$250,000 to explore the power of blockchain technology to maintain and distribute motor vehicle titles efficiently. The goal would be to allow the general public to obtain or transfer certificates of title via the blockchain.

A $250,000 pilot project run by the Agency for Health Care Administration will look at the effectiveness of the blockchain to authenticate Medicaid transactions. Due to the visibility and transparency of these transactions, attempting to hack the system to commit fraud is much more difficult and much easier to detect.

In his budget outline, the governor reiterates the need for significant investments in modernizing state government to keep up with the 21st century. He boasts that Florida "encourages cryptocurrency as a means of commerce and furthering Florida's attractiveness to businesses and economic growth." 

December 2021 | Volume 06

www.cryptoweeklymag.com

6

NEWS Crypto Weekly

Satoshi Nakamoto is Real and If You Believe This Story Found!

Satoshi Nakamoto published the Bitcoin whitepaper on Oct. 31, 2008

FLASH FACTS

The first block was mined shortly after on Jan. 3, 2009 The last "sign of life" from Satoshi was a series of emails with Gavin Andresen from April 26,2011 Many people claimed to be Satoshi. The most famous were Hal Finney, Nick Szabo and Craig Wright

I

ra Kleiman and Craig Wright are engaged in the "trial of the century" during which they are searching for Satoshi Nakamoto, the author of the Bitcoin white paper. One such figure in the digital asset space is Jerry Chan, a former Wall Street technologist at Goldman Sachs and Morgan Stanley.

In a recent video, Chan explained his meetings with Dr. Wright and why he believes they are the same person.

December 2021 | Volume 06

Since 2015, Chan has been very involved in the cryptocurrency industry. He has been working in the industry since 2000.

"Initially, I was extremely confused.

Something important seemed to have been left out. Thanks to chance and fate, five years later, I understand what happened in that story. Having met Dr. Wright for the first time at the Future of Bitcoin Conference in 2017, he couldn't stop talking about Bitcoin's technical

aspects. I took mental notes during the meeting, as I was not prepared for the information Dr. Wright provided.

Dr. Wright answered all of my technical questions, including why there can only be 21 million Bitcoins. The extent of his knowledge of mathematics and statistics seemed plausible, and his responses to my technical questions couldn't be fudged. As a result, after our second meeting, I gained more confidence in

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Crypto Weekly

Those fake Bitcoin claimants had no answers," Chan said.

Dr. Wright discussed SPV and the white paper of Bitcoin in his fourth meeting with Chan. The white paper explains how SPVs will resolve instant payment problems, but Dr. Wright complains that no SPV system has been implemented.

"Even Mike Hearn never implemented proper SPV," Chan said. him." On his third meeting with Chen at the London 2018 conference, Wright complained about how people misuse payment channels and nSequence. Chan said, "Now I understand what he means since I worked in the Bitcoin field at the time. Despite this, I never received a response from people who claim to support Lightning networks, claiming decentralization causes global warming."

Since someone built a Bitcoin phone, the implementation of nSequencing in BSV has not been finalized yet. It is also a protocol over the system since you modify the increment of a transaction, called the nSequence, without releasing it. "Dr. Wright was the first to inform

me that signing transactions but not publishing them is valuable."

Chan was impressed when Dr. Wright said offline transactions are valid and that the protocol cannot change.

Chan agreed with Wright's statement.

He believes that listening to Satoshi Nakamoto speak is the best way to prove that he is Dr. Wright. "He says things that a bitcoin inventor would describe.

I haven't heard this much insight from any of the developers; however, I've met many of them, including Adam Back, Peter Todd, Joseph Poon, and Mike Hearn. They all seem intelligent, but none of those people had answers to why there were 21 million Bitcoins.

Dr. Wright does not need key signing to prove he is Satoshi, since no other person has demonstrated his level of knowledge.

I am quite certain and I assure all of my readers here at Crypto Weekly. Satoshi has been found. It is ideas that are the primary movers of who and what we are.

Few really "get it" or get it deep enough to shake them from skepticism. We need to rely on structured thought to get by in the world. It is these structures that support us so we may see what reality truly is. We all need to learn to rely on our minds and the truth. The truth will set you free. 

Dr. Wright discussed SPV and the white paper of Bitcoin in his fourth meeting with Chan. The white paper explains how SPVs will resolve instant payment problems, but Dr. Wright complains that no SPV system has been implemented. "Even Mike Hearn never implemented proper SPV," Chan said.

www.cryptoweeklymag.com

December 2021 | Volume 06

8

NEWS Crypto Weekly

Executives ask Congress not to Overregulate While New Regulations are Mulled

O

n Wednesday, the top executives of six major cryptocurrency companies, including Coinbase and Circle, urged Congress to clarify the booming $3 trillion industry rules, warning that overly harsh rules might drive it overseas. Hearings held by the U.S. House of Representatives Financial Services Committee were the first time industry leaders explained their businesses to lawmakers amid growing concerns cryptocurrencies may pose systemic risks and harm investors.

given the company's global reach.

Republicans praised the executives for paving the way for what could be a transformative technology. Rep. Pete Sessions, a Texas Republican, said he was impressed, citing ingenuity and entrepreneurial spirit. Jeremy Allaire, Sam Bankman-Fried, Chad Cascarilla, Denelle Dixon, and Brian Brooks testified for Circle, FTX Trading, Paxos, and Stellar Development Foundation.

like banks. Executives say they would welcome regulatory clarity, which could spur industry expansion, but on the other hand, overly restrictive rules would be counterproductive.

CEOs of crypto companies have repeatedly called for bespoke rules instead of simply adhering to existing regulations. "In the absence of open discussion and public participation, we could have unnecessarily burdensome and chilling regulations," said Alesia Haas, CEO of Coinbase. Congressional lawmakers treated the hearing primarily as a fact-finding mission, say analysts.

Regulatory agencies are worried that cryptocurrencies, and in particular stable coins -- digital assets pegged to traditional currencies -- could put the financial system at risk if not properly monitored. There are also some policymakers concerned that these products could be used for illicit purposes or to take advantage of unsuspecting consumers, such as Senator Elizabeth Warren and SEC Chair Gary Gensler.

Members of the panel, including Democratic Representative Maxine Waters, raised concerns about oversight and singled out Facebook Inc's plans for stablecoins as a major concern, especially

As recently as November, the Treasury Department-led working group recommended Congress pass a law requiring stablecoins only to be issued by companies with insured deposits,

Bitfury's Brooks, previously the CEO of Binance's U.S. business and a bank regulator, told lawmakers that cryptocurrencies are similar to traditional assets. "We are the last country that hasn't figured that out," he said. Some lawmakers are concerned with cryptocurrencies' complexity and volatility and their wildly varying standards around disclosure, reserves, consumer protection, and other policies.

"Approximately half of the people I know who have invested in cryptocurrencies have done so because they believe they can get rich quickly," said Representative Juan Vargas. "We've seen this before, unfortunately, and it led to the financial crisis." 

December 2021 | Volume 06

The rapid growth in the sector underscores a substantial investor appetite for digital assets and should be supported with clear rules rather than stifled, they said.

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FEATURE Crypto Weekly

The Reasons Some People Think Crypto Will Ultimately Fail C

rypto still has detractors, despite its rapid adoption and usage by individuals and institutions alike. Even though these arguments seem appealing on the surface, and even though some are repeated frequently, they are incomplete, inaccurate, and out-of-date.

I want to describe it on another level.

There are more profound arguments at play here, and the intentions we carry behind the ideas come from the deepest places we keep ourselves. Our cultures and our basic root thoughts and feelings propel us, and we give words to all of these arguments. How we like to look at

December 2021 | Volume 06

the world is not necessarily factual, but often, culture and ego are at the root.

There is no doubt that crypto has arrived.

It is evident to anyone paying attention.

Cryptoassets are no longer considered fringe technology, and major financial institutions invest directly in them or develop products and services linked to them. Despite this, the number of voices opposed to implementing cryptorelated products and services grows as crypto spreads. Check out some of these arguments to see why they aren't true, no matter how compelling they seem.

Volatility and instability characterize cryptocurrency. Historically, financial instruments and financial markets have always been volatile, so this is not unique to crypto. Crypto has indeed been volatile, and trying to argue that this is untrue is not the best strategy; headlines matter and tend to dominate this conversation. Nonetheless, other financial assets can be - and are - also volatile; Tesla TSLA +1.3% and other highflying stocks routinely swing by billions of dollars in market cap. According to the President's Working Group report - which highlighted the rapid growth of

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FEATURE

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Crypto Weekly

including the highest inflation rate in over 30 years - seems disingenuous.

Most stablecoin issuers have been operating for years, many are currently in discussions with regulators, and these crypto assets have been adopted in payment systems worldwide.

Would well-established, well-respected institutions that deal with trillions of dollars in payments per year have adopted crypto assets payments if such an approach could pose an operational risk? Read more US Hospital Funding Is Unfair Due To Build Back Better Plan.

stablecoins - these coins are designed to hold value over time by design. Market capitalization has exceeded $100 billion, and development in the past year has reached 500% (as reported in the report), indicating a growing influence over the crypto discussion. Therefore, a lazy argument looks at bitcoin volatility and says that all cryptocurrencies are volatile.

There is a systemic risk associated with cryptocurrency. Furthermore, the rapid rise of stablecoins and the continued

integration of crypto assets into major payment systems have led policymakers to label these crypto-assets as systemic risks. In other words, if redemptions for a stable coin (for whatever reason) exceeded the ability of the issuer or third-party partner to meet them, it could result in a run on the underlying asset market.

Are there any risks involved here?

Certainly, nevertheless, blaming stablecoins in the current climate of financial uncertainty and instability -

Crypto assets and blockchain have attracted numerous headlines and debates in the last year. Even so, there are still arguments against crypto-asset adoption and implementation, despite the continued investment and adoption of crypto-assets

www.cryptoweeklymag.com

Cryptocurrency does not possess any intrinsic value. It has also been argued that crypto assets have no inherent value, despite evidence contrary. The base case of most crypto assets is that they do not have a balance sheet, earnings, or cash flows, as argued by a few influential investors and institutions. According to this reasoning, crypto-assets cannot have any financial value without these factors. Of all those presented in this article, the argument presented here is perhaps the most outdated and reflects a continuing lack of understanding of how the sector has changed.

Over the past year, the crypto asset space has increased in terms of products, services, and offerings. As a result, the decentralized finance (Defi) sector and non-fungible tokens (NFTs) are growing.

In many ways, crypto-assets investors, both individuals, and institutions, will be able to generate income, increase assets under management, and create a proper financial system based on crypto assets.

Given that context, crypto's arguments have no intrinsic value seems to ring hollow. Crypto assets and blockchain have attracted numerous headlines and debates in the last year. Even so, there are still arguments against crypto-asset adoption and implementation, despite the continued investment and adoption of crypto-assets. Although these arguments might sound nice, and even if they apply to specific use cases, they are not only incomplete. Those arguing against crypto and blockchain-based applications show a lack of perspective by arguing against such trends. Instead, they represent crypto assets incorrectly. 

December 2021 | Volume 06

12

FEATURE Crypto Weekly

Facebook's Fake Metaverse Will Fail Say Metaverse Developers S

ome of the world's pioneers of virtual worlds believe Facebook risks missing the point of the metaverse and a shift in consumer behavior if it does not permit digital ownership. Last month, the social media giant changed its name to Meta Platforms to emphasize its focus on the buzzy "metaverse." Readers, however, are left wondering if the metaverse is ready to embrace the spirit of creativity and profit that drives the space. Yat Siu, chairman and founder of Animoca Brands, an investor and platform builder, said on a panel at the Reuters Next conference that Facebook is building a fake metaverse. We probably don't want to live there since it isn't the kind of place to build a business. "Until then, it's Disneyland."

Even though smart glasses can be used for augmented reality, the current platforms look more like video games. Internet users have access to several shared virtual spaces called the metaverse.

There's cash flowing in there, with the equivalent of $2.4 million changing hands last week for a parcel of land in a virtual world called Decentraland.

According to market tracker DappRadar, plots and other virtual objects typically

December 2021 | Volume 06

transact blockchain-based assets known as non-fungible tokens (NFTs), whose sales topped $10 billion in the September quarter. Facebook's entry has further fueled interest in the space.

It did not respond to an email request for comment on Wednesday and has not previously addressed criticisms of its metaverse plans. According to Siu, ownership is the bedrock of innovations and new opportunities for products and commerce, just as auto ownership gave rise to baby car seat makers or homeownership drives demand for furniture and businesses like Ikea.

Digital ownership will enable brands and consumers to change roles, according to fellow metaverse pioneer Benoit Pagotto, co-founder of virtual sneaker company RTFKT. At the Reuters Next conference, Pagotto stated, "there had been a significant shift in the relationship between business, creativity, and consumerism. The goal of a product isn't just to create it once. You need to think about how you can continuously update it." The possibilities for interaction in a virtual world are so much greater than those in the real world that I believe it will soon overwhelm the real world."

In the meantime, brands are scrambling for a piece of the action, and lawyers are trying to define precisely what digital ownership means. NFTs are poorly regulated, and fraudsters prowl the streets. No one guarantees the value of NFTs because they can be created and sold by anyone. "People in the legal profession are having trouble reconciling the terminology with what's happening in reality," explained Sophie Goossens, a partner at Reed Smith specializing in technology and media law. The legal definition of ownership is "something." generally a monopoly over a resource enforced by the state", she said. As an NFT, you may not have complete control over your assets, but that doesn't seem to hold back the metaverse's mainstream appeal, especially young people already in video gaming or fashion consumers. "I think we are going to see a blend of digital assets seamlessly integrated into our real environment," said Natalie Johnson, founder of Neuno, a forthcoming marketplace for fashion brands NFTs. "As tech firms launch augmentedreality glasses, you don't need to be an avid gamer to embrace, and enjoy, this new technology. It's for everyone!" 

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Crypto Weekly

of the

week

How to Trade Relative Strength Plus December 10th Bitcoin Update

- by James Sides James Sides is an experienced and well-respected trader who has been a friend of Crypto Weeklỳ s Editor for many years. He has a free-to-enter Facebook group if you would like to learn more from him called Crypto Common Sense. I highly recommend it. If you are interested in trading, anything that comes from James Sides is well thought out and will contain the nuances and richness that flow from a brilliant mind

December 2021 | Volume 06

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16

NEWS Crypto Weekly

Metaverse Already Here & Refined by Crypto per Solana Founder Thanks to the metaverse, cryptocurrencies could replace "broken" business models like internet advertising crypto could enhance the metaverse and change the way businesses use data. Metaverse investors believe it could be worth a trillion dollars. Metaverse popularity is on the rise. Investors are buying up parcels of virtual land and digital luxury items, while companies and sports teams are also investing.

December 2021 | Volume 06

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Crypto Weekly

DappRadar reported that four metaverse projects sold $106 million in virtual land last week. Gaming platform Sandbox has sold digital land worth $86.56 million, while Decentraland has sold real estate worth $15.53 million. Anatoly Yakovenko, the co-founder of Solana, believes this next stage in the evolution of the internet is already a reality. And cryptocurrencies can help make it better. He says that the metaverse is "already here." It is just in a low-fidelity, low-resolution state.”

Metaverses are virtual worlds where users can do everything from creating and playing games to owning property, buying and selling digital assets, trading cryptocurrencies, and even breeding digital animals.

Solana was founded in March 2020 by Yakovenko and Raj Gokal. The Solana protocol is similar to larger rival Ethereum in that it boasts the same decentralized finance capabilities, such as hosting smart contracts and can also run non-fungible tokens. Still, it does so at greater speed and lower cost than its bigger competitor.

Crypto developers are searching for a metaverse on which to build a business.

Both Sandbox and Decentraland, two of the more developed metaverses, run on Ethereum. Developers who fully understand how it all works will make tools so content creators can create

"their own virtual experiences." "It will not be like one metaverse Sandbox; it will be like a bunch of smaller ones that kind of work together and a bunch of experiences," Yakovenko said.

He believes one of the significant advantages of having more activity take place within the metaverse is that the virtual world won't present the same challenges with handling user data and privacy as social media platforms or search engines face right now.

It also could offer cryptocurrencies the chance to break some of Big Tech's hold on that space, Yakovenko said. "I think the opportunity for crypto is to make

Anatoly Yakovenko, the cofounder of Solana, believes this next stage in the evolution of the internet is already a reality. And cryptocurrencies can help make it better. He says that the metaverse is "already here." It is just in a lowfidelity, low-resolution state.” (the metaverse) better in the sense that the kind of business models that exist on the web right now are broken," he said.

"Companies that control the market that steal your data, sell it to advertisers, feed you information that you don't want and try to force you to consume it, that loop sucks," he added.

Play-to-earn platforms such as Sandbox, Decentraland, and Axie Infinity offer their own crypto tokens that users can buy virtual items with or receive as rewards. Decentraland's MANA token has gained over 16,000% so far this year, while SandBox's sand token has gained around 5,400%, and Axie's AXS token has gained over 25,000%. High-profile investors like digital asset manager Grayscale and disruptive technology investor Cathie Wood see the metaverse as a trillion-dollar opportunity. 

www.cryptoweeklymag.com

December 2021 | Volume 06

18

NEWS Crypto Weekly

Craig Wright wins

$50 Billion

in Bitcoin dispute!

December 2021 | Volume 06

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A

ccording to a civil trial verdict against Craig Wright, a computer scientist who claims to have invented Bitcoin, the family of a deceased business partner is eligible to claim half of the crypto fortune worth tens of billions of dollars. Wright is not liable for half of the 1.1 million Bitcoins David Kleiman's family has in Florida.

Jurors awarded $100 million in intellectual property rights to a joint venture between the two men, a fraction of what Kleiman's lawyers requested at trial.

According to David Kleiman's family, Ira Kleiman, Kleiman, and Wright co-founded Bitcoin. Andres Rivero, the lead attorney for Wright, said, "This was a tremendous win for us." Kleiman passed away in April 2013 when he was 46 years old.

According to Monday's prices, 1.1 million Bitcoin was at stake in the

trial, worth approximately $50 billion.

In the early days of Bitcoin, these coins were the first coins created through mining and could only be owned by those involved in creating the digital currency - such as Satoshi Nakamoto.

Now, the crypto community is waiting to see if Wright follows through on his promise to prove he owns Bitcoin. This would bolster Wright's claim that he is Nakamoto, first made in 2016. It was a very technical case tried in federal court in Miami, with the jury listening to explanations of how cryptocurrencies work and the murky history of Bitcoin.

The jury deliberated for a full week, repeatedly asking lawyers on both sides and the judge questions about cryptocurrencies and the relationship between the two men. One judge reported that the jury was deadlocked.

Outsiders have long been intrigued

by Bitcoin's origins, which is why this trial has received so much attention. A group of people going by the name of Satoshi Nakamoto published a paper during the height of the financial crisis laying out a framework for a digital currency that is not tied to any legal or sovereign authority. The currency was then mined by computers, which solved mathematical equations.

In response to Wright's claim to be Nakamoto, the cryptocurrency community has expressed skepticism.

Since Bitcoin's structure allows all transactions to be public, the 1.1 million Bitcoin in question have remained untouched Bitcoin's creator was never considered to be Nakamoto, meaning "at the center of" in Japanese. In response to Wright's claim to be Nakamoto, the cryptocurrency community has expressed skepticism.

Since Bitcoin's structure allows all transactions to be public, the 1.1 million Bitcoin in question have remained untouched. Wright has repeatedly been asked to move a fraction of the coins into a separate account to prove his wealth.

Under oath, both Wright and other cryptocurrency experts testified that Wright owned the Bitcoin in question.

Wright said he would prove his ownership if he were to win at trial. They were "gratified" that the jury awarded W&K Information Defense Research LLC the $100 million in intellectual property rights, their joint venture that developed early blockchain and cryptocurrency technologies.

According to Vel Freedman and Kyle Roche of Roche Freedman LLP and Andrew Brenner of Boies Schiller Flexner, the Kleiman family did not receive their fair share of assets created

by Kleinman; instead, Wright kept them for himself. According to Wright's lawyers, despite their friendship and the work they did together, Kleiman and Wright's relationship did not influence Bitcoin's early formation or operation.

If he wins at trial, Wright plans on donating most of the Bitcoin fortune to charity. In an interview, Wright's attorney Rivero confirmed his plans to donate the majority of his Bitcoin fortune. 

www.cryptoweeklymag.com

December 2021 | Volume 06

20

FEATURE Crypto Weekly

Omicron and the Fed Drag Crypto Market T

he holiday rally for Santa Claus has fallen flat, so what? Over the past week, investors have been shaken by concerns about the Omicron variant of Covid-19. Recent concerns about Coronavirus have traders wondering if the long-running bull market is finally ending. Jerome Powell's comments about inflation also did not help. On Tuesday, the Dow fell more than 600 points. Over the past few days, the CNN Business Fear & Greed Index has dipped back into Fear territory and is close to Extreme Fear levels. The index was showing Greed last week.

Investors are once again concerned about the virus - and whether it might derail the economic recovery and change the Federal Reserve's plans for winding down its stimulus programs.

"The variant, rather than Powell, caused the sell-off," says James Ragan, director

December 2021 | Volume 06

of wealth management research at D.A. Davidson. In light of the recent bout of volatility, investors should keep in mind that Wall Street is nonetheless having an incredible year despite fears Omicron could slow spending during the holiday season. S&P 500 shares have risen by nearly 25% over the past year. The Nasdaq has gained over 20%.

Megatech companies such as Apple (AAPL), Microsoft (MSFT) and Google owner Alphabet are perceived as safe investments.

Is Omicron going to Undermine an End of Year Rally?

Stocks tend to do well in December historically. Businesses are spending what remains in their annual corporate budgets while consumers shop for the holidays. Investors often load up on stocks before companies report

results in January and February to get ahead of their earnings in the fourth quarter. Rockefeller Global Family Office chief investment officer Jimmy Chang told Institutional Investor, "This is usually a good time for the market, but now things are in flux." A relief rally is possible at the end of the year, but for now, we're in a holding pattern. Can the Omicron variant derail a rally that occurs typically during the holidays?

However, experts are still unsure how serious the issue will be, although some hope it will only be a passing concern.

According to Eric Winograd, senior economist at AllianceBernstein, "the path of the virus still matters. But it will likely be a limited disruption." Winograd said the hope is we won't return to the shutdowns of March 2020. "As a society, we have learned to cope with the virus," he said. "I don't expect the variant to reverse previous progress."

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"The path of the virus still matters. But it will likely be a limited disruption." Winograd said the hope is we won't return to the shutdowns of March 2020. "As a society, we have learned to cope with the virus," Eric Winograd, senior economist at AllianceBernstein

Markets throw another taper tantrum There are other concerns for investors, such as the changing views of the Fed on inflation. In his testimony before Congress on Tuesday, Powell said the word "transitory" should be retired from the definition of inflation. Additionally, he suggested that the Fed could pull

back on, or taper, the bond purchases that have helped keep long-term rates low. That fueled the stock sell-off on Tuesday. Powell's comments are interpreted by investors as a hint that the Fed may increase interest rates more aggressively next year, even though concerns about Covid remain.

Almost a decade ago, the famous "taper tantrum" roiled markets when

Markets may be less supportive of meme stocks such as GameStop and AMC due to the Fed cutting rates to zero in 2020 due to the Fed's stance

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then-Federal Reserve Chair Ben Bernanke was preparing to reduce postGreat Recession stimulus. Markets may be less supportive of meme stocks such as GameStop and AMC due to the Fed cutting rates to zero in 2020 due to the Fed's stance.

Jerome Powell says Omicron poses three major economic threats to the US. The Fed's decision to withdraw the proverbial punch bowl just as the economy starts to stall is causing investors to become increasingly worried. Covid stimulus checks are also not on the horizon from Congress. According to Winograd, fiscal support over the last two years has been unprecedented, and monetary support will end as well.

Investors have not taken into account the impact of economic growth returning to a more normal rate of around 2% annually after several years of solid stock performance. Winograd predicted this would further complicate the market. “It isn't a stretch to predict that stocks will not increase another 25% next year,” he said. 

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FEATURE Crypto Weekly

Making Bitcoin Cleaner

by Subsidizing Mining Some of the best results can be achieved in philosophy when intuition clashes with logical reasoning. We call these counterintuitive results. The result we discuss today certainly fits this description. In other words, if policymakers wish to mitigate the emissions associated with bitcoin, they should subsidize mining bitcoin rather than ban it. How can this be accomplished?

In bitcoin mining, miners compete against each other on a single global market. A miner gaining market share means another is losing market share.

Therefore, a new unit of hash rate (computer power) is economically inferior to every existing unit of hash rate. Thus, anyone who wishes to reduce the carbon intensity of bitcoin mining should sustainably mine at a loss if necessary. Considering that some miners are unsustainable, a new unit of sustainable or "green" hash rate reduces the Bitcoin network's carbon

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intensity. Instead of mining directly, bitcoin holders looking to offset their emissions could invest in a publiclytraded renewables-only miner, like Iris Energy. As a result of a lower cost of capital for a sustainable public miner, holders benefit from green-powered mining over default mining, offsetting the emissions associated with their bitcoin holdings. Transactions that generate harmful emissions are discouraged by a Pigovian tax. Among examples would be a tax on sugar (obesity-related illnesses consume healthcare resources),

tobacco (causes adverse primary health outcomes plus risks from second-hand smoke), or carbon dioxide (climate change). Thus, mining sustainably is de facto a Pigovian tax since it disfavors other miners likely to mine with nonzero emissions. A fantastic aspect of Bitcoin is that it is a single market where every miner competes for a finite resource (new bitcoins). A new unit of the hash rate no longer benefits existing miners financially. If too many sustainable units come online, especially subsidized ones, some miners may no longer be profitable

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Transactions that generate harmful emissions are discouraged by a Pigovian tax. Among examples would be a tax on sugar (obesityrelated illnesses consume healthcare resources), tobacco (causes adverse primary health outcomes plus risks from secondhand smoke), or carbon dioxide (climate change)

solely through stock issues), thereby directly benefiting the miner compared to its dirtier competitors. In order to cater to this new demographic of motivated buyers, some miners will orient their operations toward full sustainability. On a policy level, the same logic applies. Despite recent considerations of banning bitcoin mining in New York, the state should consider doing the exact opposite if it cares about bitcoin's greenhouse gas emissions. Hydropower is abundant in upstate New York. I have personally

Despite recent considerations of banning bitcoin mining in New York, the state should consider doing the exact opposite if it cares about bitcoin's greenhouse gas emissions

(so hash rates may be higher than they would typically be at breakeven).

Few other industries are as open and competitive.

Thus, for those concerned about bitcoin-related emissions, financial products can be designed that bundle a bitcoin and a share of a sustainable miner. Since offsets are not standardized and generally unclear, Bitcoin plus offset products are far superior.

Investing in a publicly-traded miner with a track record of sustainability reduces the cost of capital (some of these companies fund their operations

more sustainable than Bitcoin's generic energy mix. A ban on bitcoin mining would therefore increase Bitcoin's carbon footprint. Instead, governments should subsidize mining operations located in clean areas. A few forwardlooking policymakers have already applied this logic. Wyoming recently created a tax incentive to encourage mining of otherwise-flared natural gas.

The methane associated with oil well operations is flared anyway (it's often uneconomical to capture or store) so using it to power a bitcoin operation

visited the Coinmint mine in Massena, N.Y., an old Alcoa aluminum smelting facility perched on the St. Lawrence River. It would take some time to determine this fully, but I believe bitcoin mining operations in New York are

is net neutral from a greenhouse gas perspective. It is generally favorable to accept Wyoming's offer since a controlled burn in a generator is cleaner than a simple flare. If miners accept Wyoming's request, a new portion of the hash rate will emerge carbon-neutral, displacing dirtier energy. Likewise, the converse is true.

El Salvador's President Nayib Bukele has already implemented this idea at the national level. President Bukele mused in a historic Twitter Spaces conversation about mining bitcoin using otherwiseuntapped - and carbon-neutral geothermal energy. After keeping his promise, mining operations began this week. El Salvador disempowers any nonsustainable miner by subsidizing mining with geothermal energy that is fully sustainable. El Salvador can therefore claim two firsts: ratifying bitcoin as legal tender and imposing a Pigovian tax on dirty bitcoin miners. 

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December 2021 | Volume 06

24

HIDDEN GEMS Crypto Weekly

PROJECT 1

agromatic

Agro-Matic (AMT)

agromatic

Agro-Matic is a decentralized system that aims to accelerate the adoption of cryptocurrencies in Africa while connecting the world to the various natural resources on the continent and helping generate passive income streams through Defi, Lending, Staking, and Yield Farming. AgroMatic is built on the Polygon (Matic) Blockchain.

Polygon is one of the fastest chains. Through

PROJECT 2

redutoken

agromatic

investment in crop and livestock farming, a charity for farmers, and lots more, Agro-Matic intends to use technology to create massive job opportunities and accelerate the ease of investing in agriculture through investment in ease of access. AgroMatic tokenomics has made provision for charity, development, and marketing, which work in tandem to achieve company goals.

ReducedLunch (REDU)

ReducedLunch

ReducedLunchBSC

Reduced Lunch is a BEP20 token, hosted on the Binance Smart Chain (BSC). The intention of the smart contract is to allow peer-to-peer exchange of the $REDU token. The charity funding comes from the fees for providing liquidity for the token. Reduced Lunch uses the $REDU token, but is not tied directly to the $REDU token.

Reduced Lunch developers will have no control over what happens to the $REDU token, as it will become a community token. Once the ownership of the token has been renounced, $REDU will continue to exist with locked liquidity. The developers of Reduced Lunch are dedicated to the project succeeding. In order to fund projects for Reduced Lunch, the $REDU token will provide liquidity. Instead of funds being used directly from token reserves to fund charity, the decision was made to make the charity fund passive.

December 2021 | Volume 06

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26

BEGINNERS GUIDE Crypto Weekly

Dollar-Cost Averaging Beginner's Guide To Understanding Crypto Mining

C

ryptocurrency mining has become a huge industry, with miners worldwide using vast networks of computers to generate new cryptocurrencies and verify transactions. A worldwide, decentralized network of powerful computers verify and secure blockchains, the official record, or ledger, of cryptocurrency transactions.

That in and of itself does not sound all that rewarding for miners but wait; there's more! In exchange for harnessing all of that processing power, miners are rewarded with some of the new coins mined and transaction fees. An infinite loop of risk-reward keeps the system going.

How does traditional mining work?

The high-powered computers that perform these calculations ensure blockchain security by performing

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comprehensive checks on every new transaction. Every computer on the network goes head to head to be the first to determine the correct hexadecimal number, aka "hash." Like most things in life, the fastest computer typically wins. The winner writes the verified transactions to the blockchain ledger – and claims a certain amount of the newly minted coin. What happens when there are no more available coins to mine? After mining the final block, the rewards miners receive will rely solely on the fees charged for processing transactions.

Why is mining important?

Mining is essential for the security and stability of crypto markets. Miners verify transactions, which allows cryptocurrencies to operate as a decentralized peer-to-peer network without any need for oversight from third parties like banks or governments.

The evolution of cryptocurrency mining CPU Mining If you go back to the beginning of mining, most miners were using basic computers. The CPUs or Central Processing Units were sufficient to process transactions and mine Bitcoin, but that is no longer the case. They are slow, and the power used to mine Bitcoin far exceeds the return making them not profitable for most. While this is true for many of today's cryptocurrencies (Bitcoin et al.), some cryptocurrencies are optimized to work with a CPU.

GPU Mining A GPU, or graphics processing unit, is often associated with gaming computers due to their lightning-fast processing speeds (think visual effects and 3D graphics). Crypto-mining is a repetitive

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pool miners based on the processing power each miner contributes. You can form a pool with others or seek out existing pools to join.

To mine or not to mine

process that can be made easier with the help of high-performance graphics processing units (GPUs). The more ALUs or Arithmetic Logic Units a GPU has, the faster it executes calculations and improves crypto mining output.

ASIC Mining While CPUs and GPUs can handle many different functions, an applicationspecific integrated circuit, or ASIC circuit, is designed for a single specific purpose. That singular purpose is mining and most often mining a particular cryptocurrency. Because they are so specific as to their use case, ASIC rigs are costly to build and complex to operate. They have been the go-to for mining organizations that need increased computing power and reduced electricity consumption.

Cloud Mining If buying all of the complex components that go into a mining rig sounds expensive and troublesome, then cloud mining (or hosted mining) might be the way to go.

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Cloud mining utilizes a third party (think mining farm) knowledgeable in the best methods of crypto mining and equipment.

This equipment is typically leased from someone responsible for maintenance and upkeep. This arrangement helps keep overhead costs low and benefits everyday crypto investors who may not have the technical expertise to set up a mining rig of their own. They do all the work, but you reap the rewards (for a price).

Mining is not a short-term endeavor. It can be very time-consuming, and many who try it will likely never see a return on investment, so it's essential to weigh all risks before getting started. While it takes time, effort, and resources to get started mining cryptocurrency, it does have the potential for significant rewards if you make the right decisions with what might be considered a risky venture at first glance.

Mining Pools One of the more popular crypto mining methods is when a miner joins a group (or pool) of other miners to combine their total processing power to solve the complex math problems that lead to a block. Pools allow miners with more traditional CPU or GPU rigs to increase their chances of getting their piece of the mining pie. The total combined processing power drastically increases the odds of being first to solve the problem and thereby split the rewards.

One important thing to remember is that the reward is divided among the

The cryptocurrency market is evolving at an ever-increasing rate, so it's imperative to stay on top of the latest trends for your mining strategy to flourish. Mining calculators are a tool that can help you decide if mining is suitable for you. The online calculators help determine relevant costs to mine and show you if mining a specific cryptocurrency would be profitable.

To be successful, you'll need to assess your hardware capabilities and fully understand the inner workings of the cryptocurrency you intend to mine.

While the odds of creating and mining a new block on your own (solo mining) may not be favorable, the rewards if you are successful can be pretty high. On the other hand, if you'd like to increase your chances of being on the winning end of solving the blockchain equation, then a mining pool might be more your speed but remember, your cut will be far less.

Either way, crypto mining can be a great way to contribute to the community while earning rewards and learning about cryptocurrencies! 

December 2021 | Volume 06

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FEATURE Crypto Weekly

Silk Road Founder Proved Bitcoins Case and Does Same for NFTs R

oss Ulbricht, the founder of Silk Road, is selling non-fungible tokens (NFTs) with proceeds going to his legal fund and his parents' children. Silk Road was founded in 2011 and is often referred to as the first application of bitcoin. Using decentralized digital money proved to be reliable and uncensored. Media attention was drawn to the marketplace - drugs were being sold openly - and the federal government shut it down.

In addition to two consecutive life sentences, Ulbricht has also been sentenced to 40 years without parole.

Due to his willingness to put his life on the line, he has become an almost mythic figure in the crypto community for allowing individuals to choose who they interact with and what they buy similar to the Bitcoin network.

digital items. They are primarily used for in-game items and art, but they can also be used on other websites.

Assets can be traded, owned, or used by anyone. In addition to the general crypto economy, NFT markets have generated a staggering amount of wealth. Celebrities and corporations have trumpeted them as a tool for freedom and a joke.

NFTs may also benefit from his latest auction. The purpose of NFTs is essentially to prove the uniqueness of

Ulbricht's series demonstrates the same ability, showing that it can be a powerful tool even when you disagree with the

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The popularity of charitable efforts has also increased. On the 20th anniversary of 9/11, the New Yorker published an NFT series with proceeds going to victims. In light of the harrowing cause of the auction, it was a sea change. The NFT seems to be here to stay. It would be unthinkable for even the toniest magazine in New York to taint the memory of survivors with fads.

cause. This is crucial. No matter what crypto may become in the future, it's essential to have a digital currency you can use like cash. Although Visa and

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Mastercard have made online shopping convenient, they are also the ultimate gatekeepers. The Genesis Collection, which combines illustrations, political statements, poetry, and animations from digital artist Levitate into a single token, was auctioned yesterday at Art Basel Miami and will continue until Dec. 8. You can view and buy the art at SuperRare NFT on the Ethereum platform.

According to the US Sentencing Commission, the average sentence for a drug trafficker is 77 months. Even though he is not a hero, he deserves justice

Certainly, Ulbricht is a complicated and controversial figure. Money laundering, computer hacking, and conspiracy to traffic drugs were all charged against him. Along with thousands of other people, the criminal justice system has failed him by imposing an unconscionable sentence on him to make him an example. According to the US Sentencing Commission, the average sentence for a drug trafficker is 77 months. Even though he is not a hero, he deserves justice. In the current state of affairs, there are no legal options left for his mother, Lynn Ulbricht, and his defense organization. Having

Silk Road was founded in 2011 and is often referred to as the first application of bitcoin.

Using decentralized digital money proved to be reliable and uncensored

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found God and purpose, he is now a tireless advocate for the countless others wrongfully incarcerated by the American penal system. "Seeing my eventual old age and death from this cage, I find myself searching for meaning and purpose. Why are we here? What can I accomplish from where I am and with the time I have left? Through my art, I hope to help my fellow prisoners," he wrote in a Medium post announcing the NFT launch.

Due to his willingness to put his life on the line, he has become an almost mythic figure in the crypto community for allowing individuals to choose who they interact with and what they buy - similar to the Bitcoin network The series has already drawn a great deal of attention and support, even though some bitcoin-only crypto investors have criticized it. Those sentiments don't matter. If they do not understand how closely most crypto advances their cause toward credibly neutral platforms, their worldview is already irrelevant.

There are currently bids over 250 ETH, the native currency of the Ethereum blockchain, worth approximately $1.1 million. Ross may not be freed, but the funds can be put to good use. All people should be able to access financial aid. 

December 2021 | Volume 06

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FEATURE Crypto Weekly

The Easy Guide to

Tokenomics

A

tokenomics guide aims to explain a particular cryptocurrency project's supply and demand characteristics and help holders understand its sustainability. Using these numbers means that the supply can be transparent and monitored. Whitepapers usually discuss the tokenomics of a project's crypto-token, including its functionality, use-cases, allocation policy, lockup/ vesting period, and more.

Tokenomics can be categorized as follows.

Identify the problem. Distribution and allocation: Most crypto tokens can be generated in two ways. A premise or a fair launch is used to release them. Somewhat launching a cryptocurrency means that the community will initially have equal access. Before launch, no allocations are allocated to venture capital firms. The relaunch will happen before the end of the year, as it did for $PROTO's initial

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Market capitalization is calculated by multiplying the price by the supply. If the token market capitalization is low, more room for growth is needed. However, such projects may be riskier.

launch. When it comes to crypto, there are three types of supply you should look at - circulating supply, total supply, and maximum supply. As long as no tokens have been burned, a token's circulating supply is the total number of tokens currently in circulation. Total supply refers to the number of current tokens that could enter circulation. However, some may be locked or vested. Finally, a token's maximum supply is the maximum number of tokens minted. Nearly 90% of the 660 million total supply was locked up in the initial launch.

If you use a token model, check whether it is inflationary or deflationary.

Inflationary tokens (like fiat money) do not have a maximum supply and can continue to be produced, thus inflating the market supply. Token models with deflationary growth are simply the opposite; they are capped at a maximum supply, like Bitcoin's 21 million. A portion of the supply is also removed from circulation and "burned" by sending them to the 0x0000000... contract address.

No one owns this address. Tokens sent to the address will not be returnable. $PROTO launched as a deflationary token with a maximum cap of 660 million and 1% being "burned" from each transaction. 

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Getting Married in the Metaverse

T

here is no stopping the metaverse train. As the week concludes, here are some of the many new developments taking place in this fast-paced sector: Among the world's most prominent record labels, Universal Music Group has signed Genesis's metaverse avatar.

The new deal will allow Universal artists to create avatars for use on social media platforms and in metaverses like Decentraland. Rihanna, Shawn Mendes, Justin Bieber, and J Balvin have already made Genesis avatars. Genesis describes the metaverse as "Decentralized Disney."

While (the ring bearer and flower girl) danced at the reception, it was as if "twin avatars" (the ring bearer and flower girl) were in the metaverse. Virbela, a virtual environment provider that creates virtual environments for learning, work, and events, coordinated the event.

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"I expect most virtual meetings to move from 2D camera image grids to the metaverse, a 3D space with digital avatars, within the next two or three years."

Bill Gates Guests had to download an avatar and the appropriate software to attend the couple's "happy day."

According to Gizmodo, Meta (once known as Facebook) launched Horizon

Worlds VR. However, only Meta Quest 2 VR headsets (aka the Oculus Quest 2) will be able to access it. A Facebook account is required to access Horizon Worlds, which is a smaller-scale version of what Meta founder Mark Zuckerberg envisions the metaverse to be.

Up to 20 users can gather in one room at a time.

Bill Gates predicts that the metaverse will be the preferred location for office meetings in the next two or three years.

According to him, employee demands for flexibility and remote working options will only intensify in the years to come, resulting in more people and businesses utilizing the metaverse. "I expect most virtual meetings to move from 2D camera image grids to the metaverse, a 3D space with digital avatars, within the next two or three years." 

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FEATURE Crypto Weekly

If One Million Music NFTs came together, how can one mint the next platinum record?

D

eadmau5 and Portugal, a rock band from Miami, want to sell their next platinum record. Nonfungible tokens (NFTs) will be used instead of music streaming services

by The Man. "This is fine" is being sold exclusively as a collection of 1 million NFTs on Mintbase's NFT marketplace, which runs on Near's blockchain.

Token sales start on Thursday. Some 250,000 of these NFTs will be sold at Art Basel for $1.29 each. In addition to the remaining NFTs, we will announce additional rewards as we sell them individually and in bundles.

The Mintbase site had 68,000 tokens listed by Thursday morning. In a music landscape dominated by Apple Music

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and Spotify, the artists' decision to circumvent streaming services and the largely unfavorable revenuesharing model they offer shows how musicians are willing to experiment with blockchain to disrupt industry standards. From concert tickets to streaming to NFT marketplaces, artists have continuously rewarded their token holders with digital collectibles similar to social tokens, where creators can continuously reward their token holders after an initial purchase has been made. (Portugal. The Man has already experimented with social tokens, minting a PTM coin on social token platform Rally in January.) As of late, Deadmau5 has taken part in

numerous crypto-related projects, including a music-streaming DAO and a physical NFT installation with artist Gregory Siff at a Colorado music festival in November.

"It's about adoption. It's about artists adopting this way of doing things, and it's also about the public adopting the technology. Companies working together to adopt technology that makes this easier for everyone," Deadmau5 told CoinDesk in a statement. "It's not about me improving my bank account, and it's about all artists working to gain greater control over their work." 

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