December 17, 2021       /       Unchained Day after day       /       Laura Shin

Day after day Bits ✍️✍️✍️

• Shopify launched the beta beginning of an NFT marketplace, the assign businesses can “mint and promote” branded NFTs with Shopify and Shopify payments from their assemble storefront.

• The Block reported that Dune Analytics, a crypto analytics company, is elevating money at a valuation of $1 billion.

• South Park makes Crypto Twitter feel seen… (clip)

• Melania Trump, the former first lady, is launching an NFT endeavor on Solana.

• Nexo, a crypto lending platform (and, disclosure: former sponsor of my shows), is partnering with Three Arrows Capital to permit users to borrow money the use of NFTs as collateral.

• H&R Block is suing Block, formerly Square, for infringing on the agency’s logo and tag name.

• Jack Dorsey and Jay-Z launched the board contributors of their Bitcoin have confidence.

• Shrina Kurani is working for a House seat in California and is shedding 2,022 NFTs on Solana representing doable Web3 insurance policies.

• El Salvador’s Bitcoin-friendly President got an 85% approval ranking in a contemporary poll.

• Uniswap released a brand original upgrade to enhance pricing and optimize gas charges for swaps on Uniswap v2 and v3.

• Crypto scam earnings hit $7.7 billion in 2021.

• Robinhood is launching a brand original feature that lets users reward cryptocurrencies.

• Nansen, a crypto records company, raised its newest spherical at a valuation of $750 million.

What Kind You Meme?

What’s Poppin’?

Gaze Out, Crypto Might perchance perchance perchance Be Coming for a Sports Team Shut to You

The connection between crypto and sports has confirmed sturdy in 2021.

Athletes have flocked to crypto. Steph Curry uses a Bored Ape Yacht Club NFT as his Twitter profile pic, while Tom Brady’s profile pic shows off a shimmering crimson pair of laser eyes. A total lot of athletes, fancy Russell Okung and Sean Culkin, have transformed segment of their multi-million dollar contracts into Bitcoin. Aaron Rodgers and Kevin Durant have furthermore made crypto headlines.

Official sports organizations fancy the Houston Rockets, Philadelphia 76ers, and Novel York Giants are subsidized by crypto firms (NYDIG, Crypto.com – disclosure, furthermore a sponsor of my shows – and Grayscale, respectively). In Miamiand Los Angeles, two stadiums are named after crypto firms. Heck, FTX, the Sam Bankman-Fried led crypto alternate, is the respectable alternate of Most main League Baseball.

With that being mentioned, this week, it appears that the Crypto x Sports pattern goes from athlete curiosity and organizational sponsorship to possession.

The day earlier than this day noticed two announcements of crypto-natives shopping soccer groups.

In step with a observation, WAGMI United is in “stepped forward negotiations” to buy an English Football team. It claims to be the “first time” a sale of a sports team would possibly be in part financed thru cryptocurrency. (Aspect record: please focus on to their online page along with your volume up.

As soon as the sale is accomplished, WAGMI United has gargantuan plans to leverage the social aspect and community of the cryptocurrency enterprise to give fans a “private stake in a legitimate sports team fancy in no intention sooner than in historical previous.”

“From minting membership-centric NFTs that let fans support their team while furthermore unlocking keen entry to shifting toward a extra decentralized and clear compose of possession and operation,” defined the team in a observation. Including, “WAGMI United plans to bring a reducing-edge and crypto-centric come to working the membership — and the engagement of the area crypto and NFT communities in this challenge is of direction needed to its success.”

The WAGMI team is loaded with sports and crypto heavyweights.

Source: WAGMI United’s Press Release

Interestingly, WAGMI United was as soon as no longer the finest crypto-native to sigh the aquire (or soon-to-be aquire) of a soccer team.

Peter McCormack, host of What Bitcoin Did, a Bitcoin-centric podcast, took to Twitter to sigh the aquire of Bedford FC, a little membership in England’s tenth division faraway from the Premier League.

“I may set apart our membership because the #bitcoin membership, a team that operates on a #bitcoin not contemporary,” wrote McCormack. “Where native groups can finest tap into a local folk of fans/firms to pressure earnings, now we have a world army of #bitcoin holders and firms who can receive in the again of this,” added the avid Bitcoiner.

Alongside with McCormack’s aquire, Trusty Bedford unveiled a brand original partnership with Compass Mining, a bitcoin mining company.

However that’s no longer all! A brand original DAO, dubbed linksdao, was as soon as created this week for the yell aim of shopping a high 100 private golf direction:

The challenge directly caught fire and has already garnered 5,000 followers on Twitter and a pair of,000+ contributors on Discord. Greg Norman Jr., the son of Greg Norman, who spent 331 weeks because the area’s #1 Official World Golf Rankings ranked golfer in the 1980s and Nineties, was as soon as very focused on the premise.

Advised Reads

• Coinbase CEO Brian Armstrong on Coinbase + the metaverse:

• The Block on 2022’s digital asset outlook:

• Bitwise CEO Matt Hougan on the company’s newly-released NFT index fund:

On The Pod…

$12 Billion Has Been Misplaced in DeFi Mark to Crime. Right here’s How

Jess Symington, study lead at Elliptic, a blockchain forensics company, discusses the extensive upswing in DeFi hacks all over 2021, ensuing in over $10 billion of DeFi worth lost. Show issues:

• the dispute of crime in DeFi

• how powerful worth has been lost to exploits

• whether or no longer the bulk of hacks are the cease outcomes of user or developer error

• the a extensive option of forms of exploits

• easy methods to substantiate when a challenge did, of direction, rug pull

• which blockchains are most at peril of having exploits

• what has been occurring only currently in ransomware

• how DeFi hackers money out

• why ransomware attackers, who in total search records from fee in Bitcoin, have a more difficult time cashing out than DeFi hackers

• whether or no longer hackers pattern in direction of a yell profile/demographics

• how easy it is for regulation enforcement to search out hackers

• whether or no longer blockchain’s transparency is proving to be a actually helpful instrument for regulators

• Jess’s recommendation on easy methods to prevent hacks for both protocols and users

E book Update

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