Blockchain & Web3 Weekly Bytes Edition #42

Coinbase Adds Apple Pay, Tokenizing Time & Bitcoin Tops $100K 🎉

December 7, 2024

Hello Fellow Enthusiast,

Welcome to Edition #42 of Blockchain & Web3 Weekly Bytes! Bitcoin officially crossed a record $100K mark this week, sparking conversations about its potential in the $900 trillion global asset landscape. Alongside this, I’m highlighting how tokenized time is creating new possibilities for service-based industries.

Tech Spotlight: Tokenizing time—turning hours into tradeable, blockchain-backed assets for innovative business solutions.
Weekly Highlights: Coinbase integrates Apple Pay for smoother crypto onboarding, spot Bitcoin ETFs surpass Satoshi’s estimated holdings, and the world’s first Web3 laptop with built-in cold wallet storage debut.
Affiliate Spotlight: Take your Web3 knowledge to the next level with Blockchain Council’s Certified Web3 Expert program—build skills that stand out.
Chart of the Week: Bitcoin, despite its latest milestone, remains just 0.2% of the global asset market—a reminder of how early we still are.

🧠 Weekly Trivia

Which of the following unusual items was first auctioned as a blockchain-based NFT?

A) A virtual Mars land parcel
B) A bottle of vintage wine
C) A tweet by a tech CEO
D) A rare species naming rights

*Find the answer at the end of this newsletter.

🌟 Tech Spotlight – Tokenizing Time

What if you could own, trade, or share time itself? Tokenizing time turns hours into digital assets, opening up new ways for individuals and businesses to exchange value. With blockchain as the foundation, time tokens are bringing clarity, trust, and flexibility to how we allocate and monetize time.

Real-World Utility

NFT-Based Consulting Services: Industry experts and professionals are offering their time as NFTs. For instance, a Web3 strategist might create a token representing a 30-minute session. Buyers can redeem it directly or sell it in secondary markets, creating new ways to access expertise.
Flexible Scheduling for Events: Events and experiences are being redefined. Whether it's a token to secure a slot with a high-profile coach or a ticket for an exclusive workshop, tokenized time ensures smooth scheduling without intermediaries.
Corporate Efficiency with Time Markets: Companies are tokenizing internal time blocks, allowing departments or teams to bid for priority resources. For example, a design team might buy tokenized hours from an in-demand creative lead, ensuring projects stay on track.

What's Driving Interest

The concept works because time is universal yet uniquely personal. Turning it into a digital asset lets creators, professionals, and businesses offer services with transparency and flexibility while buyers gain certainty and traceability.

The value of time has never been clearer—and blockchain is making it a tradable reality.

📰 This Week’s Blockchain and Web3 Highlights

Bitcoin Reaches $100K Milestone After 15 Years: Bitcoin surpasses $100,000, driven by institutional interest and supportive policies from a crypto-friendly administration.

Bitcoin ETFs Outpace Satoshi’s Holdings: U.S. spot Bitcoin ETFs now hold over 1.1 million BTC, surpassing Satoshi Nakamoto’s estimated stash, with assets exceeding $100 billion.

The First Web3 Laptop Unveiled: Metavisio announces a laptop featuring a cold storage wallet and support for token airdrops, merging Web3 functionality with personal computing.

Crypto Goes Mainstream, Says 21Shares CEO: Executives highlight 2024 as the year of crypto adoption, citing the rise of spot ETFs and surging interest at the Emergence conference.

Fed Chair Compares Bitcoin to Gold: Jerome Powell calls Bitcoin “digital gold,” acknowledging its staying power despite volatility and limited use as a payment method.

Coinbase Integrates Apple Pay for Crypto Purchases: Coinbase simplifies onboarding by enabling fiat-to-crypto conversions directly through Apple Pay wallets.

Semler Adds $30M in Bitcoin to Its Treasury: Semler Scientific commits further to Bitcoin with an additional 303 BTC purchase, reinforcing its Bitcoin Standard strategy.

🔗 Affiliate Spotlight: Blockchain Council Certified Web3 Expert

Web3 is reshaping industries and staying ahead means equipping yourself with the right skills. I recommend the Blockchain Council’s Certified Web3 Expert program to deepen your knowledge and open new career opportunities.

Why Choose this Program?

Practical Knowledge: Focused on hands-on understanding of Web3 technologies and their applications.
Comprehensive Learning: Covers DeFi, NFTs, smart contracts, and other key Web3 concepts.
Globally Recognized Certification: Boosts your credibility in a competitive job market.
Flexible Learning: Designed to fit your schedule, making it accessible for everyone.

Check out the program here if you’re ready to level up your Web3 expertise. It’s an investment in your future that could redefine your career path.

😂 A Little Blockchain Humor Break 🤣

Source: Naiive

📊 Chart of the Week: Bitcoin’s Place in the Global Asset Puzzle

Bitcoin has reached a market cap of ~$2T, making headlines with its $100k milestone. But when placed next to the vast ocean of global assets—like real estate ($330T) and bonds ($300T)—it’s clear there’s still enormous room for growth.

🔍 Key Insights:

A Tiny Slice: Bitcoin represents just 0.2% of the total $900T global asset value, showcasing its potential for expansion.
Perspective Matters: Despite its rise, Bitcoin’s current standing emphasizes how early its adoption still is.
Growth Ahead: As interest grows, this digital asset could carve out a larger portion of the global financial landscape.

Bitcoin’s journey from “internet money” to a globally recognized asset continues to gain traction. For long-term believers, the numbers suggest it’s still early in Bitcoin’s evolution.

Source: Jesse Myers

That's a wrap! In this edition, we spotlighted Bitcoin crossing the $100K mark, Coinbase introducing Apple Pay integration for crypto users, and how tokenizing time could reshape digital ownership and collaboration.

Trivia Answer: C) A tweet by a tech CEO

Jack Dorsey’s first-ever tweet, “just setting up my twttr,” was sold as an NFT for $2.9 million, setting a precedent for blockchain-based digital collectibles.

Thanks for catching up with me this week! If you haven’t already, subscribe to the free newsletter to stay updated on the latest in blockchain and Web3. Looking forward to sharing more highlights with you next week.

Take care,
Ajay Tomar

Disclaimer:

Content in this newsletter is for educational and informational purposes only and is not intended as financial, tax, or legal advice. Always do your research and consult with a professional before making financial decisions. As a solopreneur, I may earn commissions from affiliate links in this newsletter at no extra cost to you. This support helps me bring you valuable content. I only endorse products I trust and believe could benefit you.