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2 Sep, 10 tweets, 2 min read

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1) @scribeDAO Post: We summarize amazing long articles that you don't have time to read entirely.

Article: Japanese Business Giants Ready NFT, Blockchain Development Moves by Tim Alper

Read time: 8 minutes

2) Japan’s biggest crypto players are gearing up to make new NFT with Rakuten, Line and Coincheck. Rakuten, which operates one of the country’s biggest e-commerce platforms, e-pay service and a crypto exchange has announced that it will launch an NFT business unit next year.

3) The company said that Rakuten NFT, would debut in Spring 2022, and would focus on sports and entertainment. The firm currently sponsors a pro football team in the Japanese leagues, and is the current shirt sponsor of the European footballing heavyweight FC Barcelona.

4) It also operates a number of entertainment-based offerings like Rakuten TV. The company said that its new business arm would “combine an NFT marketplace” with “a sales platform,” and promised “intellectual property holders” the ability to “issue and distribute NFTs”.

5) The firm added that it would allow its customers to buy NFTs using Rakuten loyalty points. Rakuten has also been looking for crypto talent on LinkedIn to appoint new members for its blockchain lab in Tokyo.

6) Line wrote that it was looking for “mid-senior level” developers, also to be based in Tokyo, to work on the Line blockchain mainnet, a smart contract infrastructure, consensus algorithms and Line’s token economy plans.

7) The company, which operates domestic and international crypto exchanges as well as its own link (LN) cryptoasset, has also moved into the NFT world. On Tuesday, it announced that it was launching an NFT tie-in with its popular emoji series Line Friends.

8) The company was founded by the South Korean tech giant Naver, and has merged with the SoftBank-affiliated Yahoo Japan.
Meanwhile, one of the country’s biggest crypto exchanges – the Monex Group’s Coincheck – has announced that it will launch an NFT tie-in with fashion brands.

9) Coincheck has recently unveiled its own NFT marketplace – with a range of firms now competing to provide trading platforms for J-pop, manga, anime, drama, and sports-themed “cultural contents.”

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More from @0xshub

0xshub.eth

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9 Sep

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1) @scribeDAO Post: We summarize amazing long articles that you don't have time to read entirely.

Article: Solana’s SOL Replaces Dogecoin as 7th Largest Cryptocurrency by @godbole17

Read time: 7 minutes

2) Programmable blockchain Solana’s SOL climbed 12% to $145, establishing a foothold above Tuesday’s record of $130, data from Messari shows. The cryptocurrency’s market capitalization jumped to $42 billion, surpassing dogecoin’s $38 billion.

3) Since Solana launched the non-fungible tokens (NFT) project Degenerate Ape Academy on Aug. 15, the SOL token has tripled in price. The timing couldn’t have been better, given the ongoing NFT sugar rush.

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@0xshub

6 Sep

@scribeDAO

1) @scribeDAO Post: We summarize amazing long articles that you don't have time to read entirely.

Article: UK Students Turn To Crypto Investments Amid Financial Woes by Jarosław Adamowski

Read time: 7 minutes

2) A rising number of UK students are turning to investing in cryptocurrencies to finance their living costs. Since last year, the share of students who make money from crypto has tripled from 2% to 6%, according to a survey by British financial advice website Save the Student.

3) The National Student Money Survey 2021 polled 2,038 university students in the UK between May and August 2021. The obtained results indicate that 76% of the surveyed UK students worry about making ends meet, an increase from 71% in last year’s survey.

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3 Sep

@scribeDAO

1) @scribeDAO Post: We summarize amazing long articles that you don't have time to read entirely.

Article: Bored Ape Mutation Madness! ⚗️ by William M. Peaster

Read time: 7 minutes

2) Since Bored Ape Yacht Club launched in April 2021, the popularity of the NFT collectibles project — whose 10,000 NFTs double as “Yacht Club membership cards” — has simply exploded. In four months since going live BAYC has surged into the ranks of the top 5 most-traded NFT.

3) That achievement’s impressive any way you slice it, and it speaks to how BAYC rapidly joined CryptoPunks, Axie Infinity, and Art Blocks as among the most iconic NFT projects to date.

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1 Sep

@scribeDAO

1) @scribeDAO Post: We summarize amazing long articles that you don't have time to read entirely.

Article: Biden’s Administration Pushes For 'Last-Minute' Crypto Additions In Infra Bill by Jarosław Adamowski

Read time: 8 minutes

2) US President Joe Biden’s administration is urging Democrats to include more rules on tax compliance for crypto transactions in the forthcoming USD 3.5tn budget reconciliation package.

3) This comes after the Senate-passed infrastructure bill that extends the definition of "broker" and related reporting requirements to crypto exchanges triggered an industry lobbying offensive before it is to be deliberated by the House of Representatives.

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1 Sep

@scribeDAO

1) @scribeDAO Post: We summarize amazing long articles that you don't have time to read entirely.

Article: El Salvador Passes $150 Million Bitcoin Trust, Here’s How It Will be Used by @_prashantjha

Read time: 7 minutes

2) El Salvador’s legislative assembly has approved a new Bitcoin Trust worth $150 million. The bill was passed on August 31 with 64/78 votes. The purpose of the Trust Fund would be to convert Bitcoin to US Dollar and also for supporting the crypto infrastructure in the country.

3) El Salvador created history on 8th June when it became the first nation on the face of Earth to make Bitcoin a legal tender along with the US Dollar. Bitcoin proponents supported the decision, however the likes of IMF, World Bank, and few other financial giants criticised it.

Read 10 tweets

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@0xshub

1 Sep

@scribeDAO

1) @scribeDAO Post: We summarize amazing long articles that you don't have time to read entirely.

Article: DeFi Adoption Driven By Seasoned Traders, Investors From High-Income Countries - Report by Jarosław Adamowski

Read time: 7 minutes

2) Decentralized finance adoption has been driven by experienced cryptocurrency traders and investors which explains why its adoption is more visible in high-income countries that benefit from established cryptocurrency user bases, according to a report by Chainalysis.

3) While emerging markets are powering cryptocurrency adoption across the world, the importance of experienced traders and investors in DeFi’s growth highlights the distinctions between the DeFi ecosystem and the broader crypto ecosystem, according to the report.

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