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The return of... HTC and Napster (in 3.0 format)
Uniswap: The epicentre of liquidity mining, utility tokens from real companies will drive the next wave of cryptocurrency adoption, Ledger expands support to enable ADA accounts,...
Today we've had a heart attack ♥ and we've become melancholic... it's been what we're going to tell you now and a lot of images from a few years ago have come to our minds. Do you remember HTC and Napster? I had a few of the first and a few hours of use of the second... 🤫 well... 👇👇
HTC Corporation, formerly High Tech Computer Corporation, is a Taiwanese smartphone manufacturer.
The company unveiled the HTC Desire 22, a smartphone focused on cryptocurrencies, NFTs and its Viverse metaverse.
This is made possible by the integration of a wallet with the ability to interact with the Ethereum and Polygon networks.
The HTC Desire 22 Pro comes pre-loaded with apps that allow you to access and manage your metaverse content, including cryptocurrencies and NFTs, from the phone. A Viverse app also allows you to buy NFTs on a digital marketplace and "create your own virtual space", according to an announcement.
It is intended to be used in conjunction with HTC's Vive Flow VR goggles to access VIVERSE, the company's metaverse. It also allows you to manage cryptocurrencies in its digital wallet and comes with a free NFT.
This is not the first crypto-smartphone from HTC. Before it was HTC Exodus 1, a smartphone with the ability to run a full Bitcoin node, in pruned mode. With up to 64 GB of data storage and all of it powered by ZION, HTC's wallet software, fully integrated into the hardware and software of this smartphone.
We were already surprised that there were no phones "specifically" designed for the cryptoverse.
And now for the second...
At the turn of the century, many of us were introduced to streaming music. Something that seemed like witchcraft to many of us, as it became clear that physical music formats were no longer going to be the norm. This brought with it a series of platforms that took advantage of the boom to strike gold. Napster soon became the preferred place for many to find music at low prices or even for free. This service offered us something similar to eMule, and allowed us to share and download music from others easily. After disappearing a few years ago, due to the unnecessary nature of this platform, we now know that Napster will return to the market, although not in the way we imagined.
New platform based on NFTs and the Metaverse
That is what we have now learned thanks to Bloomberg, which has shared that Napster will return to the market, but with a very different mission than the one for which it was known worldwide more than 20 years ago. According to these reports, the company will return as a company focused on cryptocurrencies and NFTs, the non-fungible tokens, which will obviously give a very different dimension to this organisation. To this end, the company will launch its own native token, called $NAPSTER, with which these users will be able to make purchases of all kinds, we imagine with the Metaverse in their sights.
Napster's return to the market will also be music-centric, so it is expected that all these tokens and cryptocurrencies could be related to music content, which customers will be able to buy to collect or simply own. We don't know if it will become a new bubble, but it seems clear that the Metaverse, NFTs and cryptocurrencies are already part of a market segment that seems to be very volatile at the moment.
You see... everything comes back...
Just like our specials come back 😀. Today in Cuarenta y dos (42) we talk about "Uniswap: The epicentre of liquidity mining", by Jordi Guillamón of beToken Capital Research. We also tell you about real enterprise utility tokens will drive the next wave of cryptocurrency adoption, that Ledger expands support to enable ADA accounts on Android mobiles, and much more.
Well, Tokener, it's Thursday already. Rest, relax, enjoy reminiscing about the days of Napster, read, share, and... 👇👇
Utility Tokens From Real Businesses Will Drive Next Wave of Crypto Adoption
Next wave of crypto adoption will come from utility tokens of real-world companies.
Why & how:
Tokenization is big breakthrough of web 3. It creates huge possibilities for innovation but also opens many cans of worms.
The fact that anyone can create a token to represent anything of value, and trade it w/ any other asset on an open network under common standard is something unthinkable b/f creation of public blockchains. Amazing indeed!
But tokenization also allows many web 3 “products” to gain an appearance of traction in short term, even though they’re never sustainable biz on their own
More 👉 Tascha Labs
The epicentre of liquidity mining
Liquidity is a very important issue and one that is not often given the importance it deserves. An illiquid market does not allow for market fluidity, which can lead to stressful or uncontrolled asset valuations. That is why liquidity pools are needed to maintain liquidity. So today we bring you a new report on a veteran protocol within the cryptocurrency ecosystem. Yes, we are talking about... Uniswap!
What is Uniswap?
Uniswap is a protocol that allows the exchange of tokens on the Ethereum network. Unlike most DEX, there is no native token and all actions occur on the blockchain. Typically, exchanges operate using an order book where market makers set the price at which they are willing to buy and sell an asset. The difference between these prices is how they are paid for this work. Uniswap dispenses with the order book altogether and opts for market makers to deposit assets into a pool that traders can trade against. The price is determined algorithmically based on the ratio of the two assets being traded.
The team behind Uniswap
Founders and Core Team
Uniswap was born from an idea proposed in 2016 by Vitalik Buterin to create a decentralised exchange (DEX) that would operate with an automated market maker (AMM) on the blockchain with certain unique features. A year later, Hayden Adams began working to turn this idea into a working product. After receiving several grants, as well as $100,000 from the Ethereum Foundation, Uniswap was launched in November 2018. The protocol quickly gained liquidity and began facilitating significant volume. Six months after launch, a fundraising round was completed, led by Paradigm to enable the addition of two more employees.
Read more 👇👇👇
Cardano: Ledger Expands Support to Enable ADA Accounts on Android Mobiles
Cryptocurrency hardware wallet provider Ledger is expanding its support for Cardano barely two weeks after announcing the cryptocurrency's debut on Ledger Live. According to a tweet by the Ledger team, Cardano (ADA) accounts are now supported on Android mobile phones, and work is now being done to add compatibility for iOS.
Follow 🔗 U.Today
Bitcoin Lightning Network developer updates node software with Taproot support
Lightning Labs, a developer of the Bitcoin (BTC) Lightning Network (LN), released a beta version of the Lightning Network Daemon (lnd) — a complete implementation of the LN node — with added support to the latest protocol upgrades including Taproot and Musig2, among other improvements.
lnd is a software component that handles various aspects within the LN including managing a database, generating payment invoices and revoking payments, to name a few. The latest software release, named lnd 0.15 beta (v0.15-beta), aims to empower developers to create solutions for more use cases by leveraging the Bitcoin network’s latest capabilities.
More ▶ CoinTelegraph
FTX closes in on a deal to buy embattled crypto lender BlockFi for $25 million in a fire sale
FTX is swooping in to buy crypto lender BlockFi for pennies on the dollar, sources told CNBC.
The term sheet is almost over the finish line and expected to be signed by the end of the week, according to one source, who asked not to be named because the deal discussions were confidential. FTX will pay roughly $25 million — 99% below BlockFi’s last private valuation. Jersey City, New Jersey-based BlockFi was last valued at $4.8 billion, according to PitchBook.
An acquisition could take multiple months to close, and the price tag could shift between now and Friday, a source said. Friday also marks the end of the quarter, which the person said was a catalyst for getting a deal signed. The Wall Street Journal first reported that FTX was seeking an equity stake in the company, while The Block reported this week that an outright deal was in the works.
Keep reading 🔴 CNBC
Crypto Hedge Fund Three Arrows Ordered by Court to Liquidate
A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd. after creditors sued the cryptocurrency hedge fund for failure to repay debts.
Nichol Yeo, a partner at law firm Solitaire LLP, said Three Arrows Capital is considering its options and seeking legal advice in the British Virgin Islands.
Three Arrows Capital suffered losses in recent weeks due to a punishing decline in the value of cryptocurrencies. Twin forces have hit the digital asset ecosystem: a broad market selloff sparked by the Federal Reserve’s interest-rate increases and concerns over individual crypto coins and firms. Bitcoin’s dollar value has fallen by more than a third this month.
Follow 👉 WSJ
Russia approves tax exemptions for issuers of cryptocurrency
The lower house of the Federal Assembly of Russia approved a draft bill on June 28 that could exempt cryptocurrency issuers from Value Added Tax (VAT).
Sanctions are hurting “unfriendly nations” more than Russia
The decision to cut Russia from the SWIFT system in late February put pressure on the Russian financial system.
More ✔ Cryptoslate
“The SEC is acting arbitrary and capricious”
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