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Blockchain & Web3 Weekly Bytes Edition #23
Strike Expands to the UK, Swarm Markets' Tokenized Gold, and Coinbase Partners with Stripe
Jun 29, 2024
Hello Fellow Enthusiast,
Welcome to the latest edition of Blockchain & Web3 Weekly Bytes! In this issue, I bring fresh insights and updates you won't want to miss. Here's a sneak peek:
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Tech Spotlight: Airdrops Simplified – Understand how airdrops work and their role in the blockchain ecosystem.
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Week's Highlights: Bitcoin Payments App Strike expands to the UK, Swarm Markets introduces tokenized gold via NFTs, and Coinbase partners with Stripe for crypto payouts.
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Affiliate Spotlight: Blockchain Council Certified DeFi Expert – Enhance your skills with this comprehensive course.
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Digital Asset Spotlight: An in-depth look at Ronin (RON) and its recent developments.
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Chart of the Week: Bitcoin's price movement in grams of gold, highlighting key resistance levels and market trends.
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Video Spotlight: Top 5 Real-World Uses of Tokenization – Explore the practical applications of tokenization across various industries.
🧐 Weekly Trivia
In 2020, which famous beverage brand used blockchain technology to verify the authenticity of their products?
A) Nestlé
B) Pepsi
C) Coca-Cola
D) Starbucks
*Find the answer at the bottom of this newsletter.
🌟 Tech Spotlight – Airdrops Simplified
Airdrops are a popular method blockchain projects use to distribute tokens to their community. These tokens are often given away for free or in exchange for small tasks, such as following social media accounts or signing up for newsletters.
Notable Examples
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Aptos (APT) Airdrop: In 2022, Aptos rewarded its early testnet users with APT tokens. This airdrop created significant buzz and engaged a wide user base, boosting the project’s visibility.
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Optimism (OP) Airdrop: Optimism distributed OP tokens to its early adopters in 2023, recognizing those who supported the project from its inception. This airdrop increased community involvement and encouraged further participation in the network.
Benefits of Airdrops
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Community Building: Airdrops help projects cultivate a dedicated and active community by rewarding early supporters and generating excitement.
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Enhanced Decentralization: By distributing tokens broadly, projects can achieve a more decentralized and secure network.
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User Growth: Airdrops attract new users, expanding the project's reach and influence.
Airdrops are a valuable strategy for blockchain projects to engage their community and encourage broader adoption, making them an essential part of the blockchain ecosystem.
📰 This Week’s Blockchain and Web3 Highlights
Bitcoin Payments App Strike Expands to the UK: Strike has launched its services to eligible customers in the UK, enabling fast and low-cost local currency remittances using Bitcoin's Lightning Network.
Swarm Markets Introduces Tokenized Gold via NFTs: Swarm Markets, a German RWA tokenization platform, now allows users to buy NFTs representing gold ownership, which can be traded on a peer-to-peer basis after KYC and AML checks.
Coinbase and Stripe Partnership: Stripe will integrate Coinbase's Layer 2 network, Base, into its crypto payout products, allowing users to buy digital assets with credit cards or Apple Pay inside the Coinbase Wallet.
New Solana ETF Filing by 21Shares: 21Shares has filed to launch its own spot Solana ETF in the US, following VanEck's recent similar filing.
Metaplanet Inc. Plans Bitcoin Purchase: Tokyo-listed Metaplanet Inc. plans to buy 1 billion yen worth of Bitcoin through an upcoming bond issuance, leading to a 12.2% surge in its stock price.
Spot Ethereum ETFs on the Horizon: The SEC may approve spot Ethereum ETFs by July 4, with asset managers like BlackRock, Fidelity, and Franklin Templeton among those applying.
Solana Foundation's New Tools for Crypto Transactions: The Solana Foundation has introduced tools to turn websites, apps, and QR codes into starting points for crypto transactions on the Solana blockchain.
SEC Sues Consensys Over MetaMask Staking: The SEC has filed a lawsuit against Consensys, alleging that MetaMask acted as an unregistered securities broker and that its staking service violated securities laws.
🔗 Affiliate Spotlight: Blockchain Council Certified DeFi Expert
Looking to boost your knowledge and skills in decentralized finance? The Blockchain Council offers a Certified DeFi Expert course designed to provide comprehensive insights and practical experience in DeFi.
Why Choose the Blockchain Council Certification?
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In-Depth Curriculum: Covers everything from basic concepts to advanced DeFi mechanisms.
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Hands-On Learning: Gain real-world experience through projects and assignments.
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Industry Recognition: Earn a certification that is well-respected in the blockchain community.
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Flexible Learning: Study at your own pace with access to online resources and expert support.
This certification is ideal for developers, IT professionals, and anyone looking to advance their career in DeFi. Stand out in the competitive blockchain job market and elevate your DeFi expertise. Get certified today using this affiliate link and take your skills to the next level!
😂 A Little Blockchain Humor Break 🤣
Source: CoinMarketCap
📊 Chart of the Week: Bitcoin Price in Grams of Gold
This week, let's analyze the price of Bitcoin in grams of gold, showcasing its performance relative to gold over the years.
Key Insights
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Historical Trends: The chart highlights Bitcoin's price movement in grams of gold, illustrating significant milestones and psychological resistance levels.
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Psychological Resistance: The yellow line marks the previous resistance at 1oz. Similarly, some hesitation around the 1kg level indicates potential resistance before further upward movement.
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Market Sentiment: Tracking Bitcoin's value in terms of gold provides a unique perspective on its performance, showing how it stacks up against a traditional store of value.
This chart provides a visual representation of Bitcoin's growth and its comparison to gold, offering insights into market behavior and potential future trends.
Source: Tuur Demeester
🎥 Weekly Video Spotlight: Top 5 Real-World Uses of Tokenization
This week's video dives into how tokenization is applied in various industries, showcasing its real-world impact and practical benefits.
Watch "Top 5 Real-World Uses of Tokenization" on YouTube now: Watch Here.
Why You Should Watch
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Practical Insights: Understand how tokenization is being used today to solve real problems.
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Diverse Applications: Explore how different sectors are leveraging tokenization, from real estate to supply chain management.
Stay updated with how tokenization is making waves and transforming industries.
Thank you for joining me for this week's edition! We covered Strike's UK launch, Swarm Markets' tokenized gold, and Coinbase's partnership with Stripe. We also explored the mechanics and impact of airdrops, delved into Ronin's recent developments, and analyzed Bitcoin's price in grams of gold.
Trivia Answer: A) Nestlé
In 2020, Nestlé used blockchain technology to ensure transparency and traceability in its supply chain. This initiative allowed consumers to verify the authenticity of their products, enhancing trust and quality assurance.
Catch you next week with more blockchain updates and insights!
Warm Regards,
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.
💡 Weekly Digital Assets Spotlight
Spotlight on Ronin (RON)
In this edition, let's highlight Ronin (RON), a blockchain platform focused on enhancing scalability and efficiency, especially in gaming.
What Makes Ronin (RON) Unique?
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Scalability: Designed to handle millions of daily transactions, Ronin is optimized for gaming applications, ensuring seamless and fast operations.
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Low Fees: The platform offers minimal transaction costs, making it cost-effective for developers and users.
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Interoperability: Ronin integrates well with other blockchain networks, enhancing its flexibility and usability.
Recent Highlights
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Surging User Base: Ronin has seen a significant increase in users, surpassing 3 million monthly users in May 2024. This growth highlights the platform's strong appeal in the gaming community.
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Technological Advancements: Continuous updates are improving the platform's performance and security, ensuring a robust user experience.
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Partnerships and Community Growth: Ronin has formed strategic alliances and developed a vibrant community, further solidifying its position in the market.
Why Pay Attention to Ronin (RON)?
With its focus on scalability, low costs, and interoperability, Ronin is positioned for significant growth. Whether you're developing new projects or looking for investment opportunities, Ronin (RON) is a strong contender.