EddieJayonCrypto
23 Jun 22
• In a very smart move, eBay has acquired NFT marketplace KnownOrigin• Shopify has added a feature that uses NFTs as entry into gated online storefronts• Alameda Ventures is bailing out Voyager Digital with a $200M cash and USDC line and a 15K BTC line• The Ontario Securities Commission is taking Ku...
• In a very smart move, eBay has acquired NFT marketplace KnownOrigin• Shopify has added a feature that uses NFTs as entry into gated online storefronts• Alameda Ventures is bailing out Voyager Digital with a $200M cash and USDC line and a 15K BTC line• The Ontario Securities Commission is taking KuCoin and Bybit to task for violating securities laws• The bipartisan crypto bill has spurred demand for a separate Bitcoin bill• Citing high Coinbase fees Coinbase Pro users are not pleased with its demise• Polygon surged because of their launch of the ZK-powered ID solution• The Metaverse Standards Forum was born• Bonus: Binance zeros bitcoin trading fees; that's a wakeup call for Coinbase and othersIn the past few hours there has been a lot of news I have been plowing through. Here is what is on my mind today.1. In a very smart move, eBay has acquired NFT marketplace KnownOrigin. I have said previously I think NFTs have a place and that place may not be what it is now. eBay making this move says they are preparing for their future. I am very interesting to see what comes for them in the future. 2. Imagine having an online store that requires membership to get in. Well, Shopify has added a feature that uses NFTs as entry into the store. They believe that exclusivity will be the wave of the future. People may think it is crazy, but there are a lot of examples that have led to brand success. Sites like Facebook required invitation. A few months ago I researched NYC businesses that require and NFT to get into the private club and restaurant. Think about how far you can go with this kind of technology implemented, including exclusive members-only rewards. 3. Alameda Ventures is bailing out Voyager Digital with a $200M cash and USDC line and a 15K BTC line. IN case you did not know, Alameda Ventures is an arm of Sam Bankman-Fried. In an interview the other day he said the bog players should step in to ebb the negative tide stemming from the Terra Luna debacle. Well, he is standing my his word with action. 4. The Ontario Securities Commission is taking KuCoin and Bybit to task for violating securities laws. This caused KuCoin to get permanently banned and Bybit to stop accepting new customers. This is a big deal and further demonstrates how some companies may be moving too fast and frivolous. 5. I reported a while back about a bipartisan crypto bill that was introduced. Well, after chiming in some politicians are looking for a separate bill for Bitcoin. This seems like an obvious ask since something less thought provoking may get passed faster. Anytime something requires deeper thought politicians seem to run away from it. 6. Citing higher fees, Coinbase Pro users are not pleased with its demise. All of the pro features have been rolled into the base Coinbase product. The biggest difference between the 2 platforms was always the fees, not just the tools. There is a reason why other exchanges, both centralized and decentralized, exist. 7. Polygon surged because of their launch of the ZK-powered ID solution. Think of it as an anonymous KYC solution. This is going to be somewhat of a gamechanger for the project as far as I am concerned. I know from my side I can see a lot of use cases for this new platform feature. 8. Metaverse Standards Forum was born! As per their website, the "Metaverse Standards Forum to foster the development of open standards for the metaverse." You have the likes of Microsoft, Meta, Alibaba, Epic Games, Adobe, Autodesk, Wayfair, and others to make up the founding 31 members. Clearly, there is going to be major efforts in the metaverse space.