This is a solo Tweet and not a thread. ThreadReaderApp is more fun when you unroll Twitter threads. Learn more about it here.
:(
The Punk 2924 was bought for 3,300 ETH ($4,451,633.94 USD) Image

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Blockworks

Blockworks Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @Blockworks_

Dec 6, 2022
The $5.4 billion Alameda VC portfolio revealed by the Financial Times Image
1/ Image
2/ Image
Read 11 tweets
Dec 6, 2022
Visa and Mastercard's Approaches Towards Stablecoins 🧵
1/ Card networks have been the leading players in the payment world since the 1960s.

And have been constantly innovating through time.

But the emergence of new digital assets has fundamentally changed the game...
2/

Cards in circulation:

Visa: 3.5 billion
Mastercard: 2.3 billion

Global payments volume:

Visa: $11.4 trillion
Mastercard: $4.7 trillion

Although quite dominant, their powerful position is at stake due to the emergence of new financial paradigms.
Read 9 tweets
Dec 5, 2022
Vitalik published a new article on what excites him the most in the ETH ecosystem right now

Here’s what he said:
1. Money

Crypto offers several advantages in wealthy countries:

- Safety against de-platforming
- More convenient to make donations
- Represent private money in a cashless society
1.1 Stablecoins

Stablecoins issued on-chain have many convenient properties:

- Open for use by anyone
- Resistant to censorship
- Interact well with on-chain infrastructure (accounts, DEXes, etc).
Read 19 tweets
Dec 2, 2022
BCG estimates the tokenization of global illiquid assets to be a $16 trillion business opportunity by 2030

6 advantages of tokenization 👇
1/ Increased Efficiency

Utilizing blockchain technology removes the need for legacy middlemen, resulting in reduced settlement time and cost savings for issuance as well as other processes (i.e. corporate actions, and reconciliation).
2/ Reduced Cost

Automation, transparent record keeping, and reliance on public internet leads to significant reductions in cost, with blockchain reducing bond issuance costs by up to 90% while reducing fundraising costs by up to 40% compared to traditional private placement.
Read 9 tweets
Dec 1, 2022
How some of the world's most valuable clothing brands are betting on the metaverse 🧵
1/ Nike

- Acquired the NFT fashion producer RTFKT

- Filed several metaverse-related trademarks

- Created Nikeland, a shop in the metaverse Roblox

- Made over $185.34 million in NFT sales
2/ Gucci

- Opened a virtual Gucci Garden showroom

- Joined Superplastic and launched SuperGucci, unique CryptoJanky NFTs and ceramic creations

- Teamed with Roblox to exhibit Gucci handbags, hats, and sunglasses in avatars

- Filed several metaverse-related trademarks
Read 14 tweets
Nov 28, 2022
2022 The Year Institutions Evolved Into Crypto 🧵
1/ January

- CashApp offers lightning network access to users
- Twitter launches NFT integrations
- Robinhood starts crypto wallet testing
2/ February

- KPMG Canada adds BTC/ETH to balance sheet
- Twitter adds ETH tipping
- GameStop and ImmutableX launch a $100 million gaming fund
- ConocoPhillips launches Bitcoin mining operation
- BNY Mellon and Chainalysis to track & analyze crypto products
Read 24 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(