With Ripple putting in $250 million for bringing NFTs to XRP, what else is the rest of the crypto world up to?
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Molly’s Musings 👩💻
Do You Too Yearn for the Blue Checkmark?
Yesterday, Twitter gave a sneak peek of what their new NFT verification policy could look like.
Instead of just anyone with a Twitter account and the ability to copy-paste being able to change their profile pic to an NFT, in the somewhat near future, your Twitter profile pic of a CryptoPunk will show a blue checkmark if you are the true owner of the NFT.
How is that possible? By connecting Twitter to your crypto wallet on OpenSea, of course. Nothing too complicated here.
This for me is one of the first, public use cases for why actually owning an NFT means something — this future blue NFT checkmark is one way to respond to those NFT doubters who love to say “eh, can’t anyone just copy-paste a JPEG?”
Yes, anyone can copy-paste a JPEG, but not everyone can have a blue checkmark!
And in the crypto industry especially, a blue checkmark is clout, owning an NFT is clout, and it’s all connected to building up your online identity in this very digital, meme-y, completely online technological space.
People often debate whether cryptocurrencies are real currencies. In this case, I’d say that NFTs (which are tokens after all, if you think about it) are indeed a currency — a social currency. And that’s a use case that the millions of people on crypto Twitter will stand behind.
Bitcoin! 😊 Altcoins! 😺
Bank of England Takes Top Crypto Execs As CBDC Advisors 💷
El Salvador Takes ‘First Steps’ to Mining Bitcoin With Volcanoes 🌋
Visa Unveils 'Layer 2' Network for Stablecoins, Central Bank Currencies 💳
First Cryptocurrency Fund Approved in Switzerland 🇨🇭
Altair Network Won the Ninth Parachain Auction 🪂
Algorand Launches Virtual Machine to Increase Smart Contract Capabilities 🧠
NFTs Galore 👾
DC Comics Is Giving Away Potentially Millions of Free Ethereum NFTs 🎮
DC will be working with Palm NFT Studio in order to create a new NFT collection that will coincide with the DC FanDom streaming event in October. If you register for the event, you will get a free NFT of a DC character like Batman, Wonder Woman, Superman, Harley Quinn or the Green Lantern.
DeFi Never Sleeps 💫
Compound Bug Leaves $80 Million in COMP at Risk of Being Misrewarded 🐛
The DeFi platform may be experiencing a bug that is allowing some users to claim very large amounts of tokens: this problem began occurring after Compound made changes to the platform (Proposal 062).
DeFi Hungry Institutional Investors Make Europe Top Crypto Market 🇪🇺
Pawn Your CryptoPunk: A New NFT DeFi Lending Market Blooms 🖼️
How Much Can You Play-to-Earn? 🎲
Genopets Introduces Move-to-Earn on Solana Network 🏃♂️
No More FUD…😟
CFTC Charges 14 Firms As It Cracks Down On Crypto 😠
Kraken Reveals Vulnerabilities in ‘Commonly Used’ Bitcoin ATMs 🏧
Who Got the Money? 🤑
Ripple Invests $250M to Bring NFT Creators to XRP Ledger 💰
Crypto Treasury Management Platform Coinshift Raises $2.5 Million in Seed Funding 💸