Your weekly Crypto, NFT & Metaverse readings 🚀

This 21st Vol of the weekly crypto newsletter is the last one of the year 2021. What a year it has been for Crypto! In January the total crypto market cap was at around 650 billion and in November we hit $ 3 billion. This year’s themes were NFTs and the Metaverse, the rise of new layer 1 protocols like Solana and Avalanche and the launch of Ethereum scaling solutions. To build your investment thesis for 2022, it will be important to understand where the trend is going, what problems need solutions in Web3 and where smart money is flowing. I will share my predictions for 2022 in a separate post that may help you to shape your investment strategy. I hope everyone had a relaxing Christmas eve with family and friends and I wish everyone a great start into the year 2022.

🪙 Crypto Market News

Bitcoin miners generated more than $15 billion in revenue during 2021. Bitcoin miners made more than $15 billion in revenue over the course of 2021. The estimate represents a year-over-year increase of 206%. It should be noted that the estimate is premised on the notion that mining companies sell their accrued digital assets to pay for electrical power and other resources; some miners hold on to some of their mined coins. 📰 TheBlockCrypto

SWIFT in tokenized asset pilot with Clearstream, Northern Trust, SETL. In the first quarter of 2022, payment network SWIFT plans to run innovation pilots to explore interoperability in the tokenized asset market. Participants include Clearstream, Northern Trust, Citi-backed enterprise blockchain firm SETL, and other industry players. 📰 Ledgerinsights

Dapper, CoinFund back ‘SPACE’ Metaverse Play with $7M raise. SPACE, a virtual world for arts and commerce, has raised $7 million from Dapper Labs, CoinFund, Animoca Brands and other investors. SPACE will use the funding to build and join various metaverses into one parallel society and “build the economic backbone of the metaverse,” according to a press release. 📰 Coindesk

Compound DAO Uses Public Bidding Process To Hire Security Auditor. OpenZeppelin will take on the unusual role of an on-call security auditor for a decentralized autonomous organization (DAO), available to monitor changes to the smart contracts and to its governance system, following a major bug in Sept. in how Compound distributed its governance token, COMP. The company was selected through a governance vote that ended on Dec. 18, featuring bids from three different security companies. It won the role through an open, public process that may provide a look into how DAOs will do business over time. 📰 The Defiant

Kimbal Musk Wants to Disrupt Philanthropy With the Big Green DAO. Tat the end of November, Elon Musk’s younger brother inaugurated the Big Green DAO, or “decentralized autonomous organization.” An offshoot of Big Green, the Colorado-based school-gardening nonprofit he founded in 2011, the DAO is a sort of digital foundation that plans to take money from donors and dispense it according to a strict set of rules encoded in blockchain technology. 📰 Bloomberg

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🖼️ NFT & Metaverse News

NFT Lending Platform ‘Arcade’ Raises $15M in Funding Round. The funding will help Arcade launch publicly next year, in a transition from its current private beta form. It will also be used to increase the reach of its services to more users, as well as to expand its 13-person team in areas across legal, product, business development, marketing, and engineering functions. Arcade (formerly Pawn.fi) lets users borrow against their NFTs as collateral. The company appraises, validates and curates NFT collections for institutions, DAOs and collectors. Through this service, lenders get access to a new income source, and asset owners can achieve liquidity on their holdings whilst retaining rights and access to collateral on the platform. 📰 NFT Plaza

Music NFT Innovator Sound.xyz Raises $5 Million in Seed Funding. NFT music start-up, Sound.xyz, has raised a staggering $5 million in its latest round of funding, which will be used to beef up the development of its platform. The bulk of funds arrived via investment firm, a16z, with further contributions by Variant Fund and Atelier Ventures, as well as a number of angel investors, including 21 Savage, Holly Herndon and DJ Drama. This new injection of funds will set in motion the next phase of its development and allow the team behind the operation to scale up its offering. 📰 NFT Plaza

Team Vaynerchuk Partners up with Toymaker Mattel. The world of the non-fungible has blurred the lines between virtual and reality once again. Toy creator for the ages, Mattel, partnered up with team Vaynerchuk to create a deck of fully playable VeeFriends UNO cards. This highly collectible version of the classic card game features 17 eye-catching designs drawing from the VeeFriends universe. Including classic characters such as Charming Cheetah, Resourceful Robin, and of course, the rarest card of them all, Gary Bee. 📰 NFT Plaza

Other articles that may interest you 🔥

I am starting separate posts only accessible for paid subscribers where I publish much more in-depth ecosystem articles and highlight investment opportunities not only for cryptos but also in the NFT & Metaverse space. The paid subscription only costs $5 per month (4.60 CHF) or $40 USD (37 CHF) per year. With the subscription you also support my work, thank you 🚀

The FAANG of WEB2 is the BESCA of WEB3

I am starting separate posts only accessible for paid subscribers where I publish much more in-depth ecosystem articles and highlight investment opportunities not only for cryptos but also in the NFT & Metaverse space. The paid subscription only costs $5 per month (4.60 CHF) or $40 USD (37 CHF) per year. With the subscription you also support my work, t…

Read more

7 days ago · Rizvi Haider

NFTs are emerging as a new asset class and why financial institutions should embrace it

Alternative assets continue to gain traction and the global alternative assets under management are expected to increase by 60 percent until 2025. One type of alternative asset has been at the forefront in recent months: the non-fungible token (NFT). NFTs have seen a continued surge in popularity since September 2020 and monthly trading volumes reached …

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13 days ago · Rizvi Haider

What CBDC‘s are and why they matter

It is plainly obvious that cryptocurrencies have recently surged in popularity. The stigma associated with incorporating cryptocurrencies into different digital payment systems and financial infrastructures has gradually been dissipating, as seen by big corporations such as PayPal, Tesla, Visa, JPMorgan Chase & Co. and more as all of these institutions …

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4 months ago · Rizvi Haider

What is blockchain technology and how does it really work?

Hey guys, many people ask me frequently what the blockchain technology is and how it really works. I have been in the space for a couple of years now and went down the rabbit hole (and still am). In this relatively long article, I am summarising all the key components that make up a blockchain with many anecdotal examples to make it easier to follow alo…

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5 months ago · Rizvi Haider

6 Key Pillars of DeFi

Defi (decentralized finance) has seen huge growth since 2019, and it only excelled from there. The current TVL (Total value locked in smart contracts) sits at around 60B $ at the time of writing and topped this year at around 90B $ in May (find the statistic at…

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5 months ago · 1 like · Rizvi Haider

Entrepreneur and crypto enthusiast

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Rizvi Haider

Rizvi Haider

Entrepreneur and crypto enthusiast

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