DeFi

Disney Taking an “Aggressive” Approach to NFT and DeFi by Hiring Transaction Lawyer

If you’re a 90s Disney kid or a 21st-century teen who has grown up watching ‘Mickey Mouse Club House’ or ‘Shake It Up,’ you’d feel nostalgic to reconnect with our favourite kid’s channel in the Web3 metaverse. Yes – Disney is delving further into non-fictional worlds (NFTs) and the metaverse.

The multinational entertainment corporation recruits a principal counsel with expertise in non-fungible tokens (NFTs), the metaverse, blockchain technologies, and decentralized finance. This individual will guide the company through what appears to be its imminent and aggressive push into Web3.

The Walt Disney Company is looking to hire a transaction lawyer to examine future technology prospects, including NFTs, while working at an “accelerated and aggressive timeline,” as stated in a job advertisement on LinkedIn by the entertainment giant on Saturday morning.

In addition, the job description for this position stated that the attorney would “partner with business teams as they plan new global emerging technology projects.” These projects would cover additional fields, such as the metaverse and decentralized banking.

Furthermore, the job post on LinkedIn also mentions the job for a potential transaction lawyer for “Assisting in performing due diligence for NFT, blockchain, third-party marketplace and cloud provider projects, and negotiating and drafting complex agreements for those projects,” 

Here are some pointers on how Disney is slowly making its move to Web3 and the blockchain industry:

  • Deadline reported that during the D23 Expo fan convention of Disney on Sep 10, Disney CEO Bob Chapek mentioned how the entertainment giant is exploring and planning to step into the metaverse. Chapek also mentioned, “We call it next-gen storytelling,” and, “We tend not to use the M word too often because it has a lot of hair on it.”
  • Before this, in June of this year, the Mickey Mouse corporation hired a long-time Apple executive to fill the position of vice president. This was done to follow through with their goals of developing a “Next Generation Storytelling Creative Experiences.” The following month, an executive responsible for customer experiences was promoted to the executive vice president following the same plan.
  • Furthermore, another piece of news about Disney’s move to Web3 came out last year with the drop of a “Partners” NFT of Walt & Mickey. This NFT was launched on the VeVe app, which is available on iOS and Android devices. 
  • Disney’s awareness of the rising regulatory and legal challenges impacting the cryptocurrency and NFT industries is further evidenced by this hire. According to the job description, the NFT legal czar at Disney will analyze “securities law problems” related to “the promotion and selling of NFTs.”

Conclusion:

With various news and updates about Disney moving toward NFTs and blockchain at a steady pace, it is pretty visible that Disney has hired several NFT experts and recruited several cryptocurrency startups for its accelerator program. Yet, despite several recruitment updates, the nature of the company’s Web3 goals remains unclear.

Study names Samsung as the Most Active Investor in Crypto and Blockchain Startups

Samsung invested in 13 crypto/blockchain firms between September 2021 and mid-June 2022, making the corporation the most active among the top 40 corporations. On the other hand, Google’s parent company, Alphabet, leads the list of top firms that participated in the largest investment rounds.

According to research firm Blockdata’s survey of leading businesses’ investments in blockchain and crypto startups, Samsung has invested in 13 firms. United Overseas Bank is the second most active, with 7 investments, closely followed by two American financial services behemoths, Citigroup and Goldman Sachs.

The report further asserts that forty large firms financed around $6 billion in blockchain startups between September 2021 and June 2022.

Quick facts stated in the study:

  • Samsung made 13 investments among the 40 organizations, Citigroup made six, and Goldman Sachs made five.
  • Google parent Alphabet (US$1.5 million in four rounds), BlackRock (US$1.2 million in three rounds), Morgan Stanley (US$1.1 million in two rounds), Samsung (US$979 million in 13 rounds), Goldman Sachs (US$698 million in five rounds), BNY Mellon (US$690 million in three rounds), and PayPal (US$650 million in four rounds) were among the investors in the largest funding rounds.
  • 61 blockchain or crypto businesses — engaged in over 20 industries and 65 use cases — secured funding in 71 rounds.
  • 19 organizations selling non-fungible tokens (NFTs) are from gaming, arts and entertainment, and distributed ledger technology.

Samsung Crypto Exchange is coming up

It was recently reported that Samsung Securities, the tech giant’s investment company, is considering opening its cryptocurrency exchange in 2023.

Read: https://cryptoiscoming.com/samsung-among-others-plans-to-launch-crypto-exchanges-next-year/

Six other large exchange-listed businesses, including Mirae Asset Securities, aim to launch a crypto trading platform in 2023.

These businesses, which deal directly with securities, are collaborating with South Korean financial institutions to get a license to execute exchange activities. The discussions are said to be nearing completion.

In the last year, Samsung has undertaken several initiatives in this regard. The South Korean conglomerate has created a wallet feature for its Galaxy series of smartphones and a television that supports non-fungible tokens (NFTs) and Cardano exposure (ADA).

According to local media, their upcoming exchange would focus on security tokens. It is worth noting that the business attempted to develop a trading platform for these assets last year but could not do so owing to a shortage of skilled personnel.

What to Expect Post the Ethereum Merge?

The Cryptocurrency industry has witnessed 2022 to be quite an eventful year. We are unquestionably in a bear market, with prices dropping by nearly a trillion dollars and fluctuating wildly.

But the year is far from over still. There is likely more in store for the Cryptocurrency industry. The Ethereum Merge, for example, is promising news that might be seen as a way out of the darkness.

What is the Ethereum Merge?

As the digital and blockchain worlds rapidly develop, thousands of firms and projects in the cutting-edge field of decentralized finance are moving to Ethereum for lending, borrowing, and other complex investment alternatives. In addition, Ethereum is also used as the foundation for a large number of digital valuables like nonfungible tokens, NFTs, etc.

Amongst all this, the Ethereum merge is an advanced approach to changing how Ethereum verifies its transactions. In this Eth Ethereum Merge, the Beacon Chain is Ethereum’s next proof-of-stake consensus layer and aims to integrate with Ethereum’s existing execution layer. With the help of this mage, staking ETH instead of mining for network security reduces energy consumption. As a result, this hugely promising development expects more scalability, security, and longevity in the Ethereum network.

How Will This Bring a Positive Change in the Cryptocurrency Industry?

According to Ethereum, the promising development that the Ethereum merge will introduce is a roadway to significant benefits for projects and investors involved in the cryptocurrency industry.

Some benefits that we can expect post the Ethereum merge are:

  • Adoption of Proof of Stake: Proof of Stake is a more efficient consensus technique regarding the network’s logic. It is obvious how Ethereum’s shift from Proof of Work to Proof of Stake will be a massive benefiting factor for everyone involved in the Ethereum ecosystem.
  • Reduced Energy Consumption: Another noteworthy benefit that can be expected post the Ethereum merge is the reduction of Ethereum’s energy consumption by 99.95%. This reduced energy consumption will also be achievable through the transition of Ethereum from Proof of Work to Proof of Stake – shaping into one of the most revolutionary changes in the cryptocurrency industry.
  • Future Scaling Upgrades: With sharding and other future scaling upgrades laying the groundwork for improvements, the Ethereum ecosystem will be better able to prepare and advance itself for the future. Besides, with the cryptocurrency market expanding and evolving, efficient changes and improvements will be the need of the hour for the Ethereum ecosystem.
  • Functioning Transformation: Another positive trait that Ethereum merge will bring along is the fundamental transformation of the functioning of Ethereum’s system. As a result, this transformation will serve as a gateway for extensive potential use cases and successful cryptocurrency investment stories. 

 Conclusion:

While the Ethereum Merge is much-awaited news in 2022, it’s still unclear if its applications will extend beyond the cryptocurrency industry. So let’s wait and see!

From Santander embracing crypto, Solana opening a real-life store in NYC to Telegram going the NFT way: This month in crypto

Let’s examine what was making news throughout the last month. There’s something extra at the end of the read!

Mercedes-Benz has launched Acentrik, a blockchain-based data-sharing platform. The project is aimed primarily at corporate users, with features such as Know Your Business and stringent access restrictions. The data is not saved on the blockchain. Rather each dataset is represented by a non-fungible token (NFT) and a metadata hash.

According to reports, the Spanish banking giant Santander will begin offering cryptocurrency trading to its clients in Brazil. According to Santander Brazil CEO Mario Leo, the bank is trying to create crypto services in response to increasing demand from its Brazilian consumers.

Solana’s real-life store is open in New York City. The store named Solana Spaces aims to educate users about Solana blockchain and Web3. “This isn’t the first time the cryptocurrency has stepped outside the Metaverse; it has previously announced the launching of the ‘Saga,’ a Web3 Android mobile phone. New Solana-themed stores have opened in New York City. The “Solana Spaces” store attempts to educate visitors on how Solana operates and what web 3 is.

Binance announced that Fans of the Rome-based professional Italian football team Società Sportiva Lazio (aka “S.S. Lazio”) might “open the upcoming 2022/23 season with cutting-edge NFT tickets.” Lazio’s NFT tickets include additional incentives for the Binance Fan Token community, such as discounts, freebies, and experiences, making the upcoming season a great highlight for all S.S. Lazio Fans.

The largest asset manager in the world, Blackrock, signs a deal with Coinbase to provide crypto trading, custody, prime brokerage and reporting capabilities to its clients.

Meta begins its international expansion of NFT support on Instagram. As a result of this extension, users and businesses in over 100 countries across Africa, Asia-Pacific, the Middle East, and the Americas will be able to publish their NFTs on Instagram. Before this, support was only accessible to a limited number of creators in the United States.

The United States Federal Reserve Announces “FedNow” Fast Payments System For 2023. According to Fed, the FedNow Service will transform how everyday payments are made across the economy. Users can send instant payments at any time of day or night, and the funds are immediately available to recipients.

Bitcoin now has over 1 million unique wallet addresses, according to research. Regarding network utilization, Ethereum and Litecoin are distant runner-ups behind Bitcoin, with 158 million and 148 million unique addresses, respectively.

Telegram co-founder Paul Durov intends to establish an NFT marketplace and hopes to incorporate a “little bit of web3.” Paul intends to build a platform where username holders may sell their identifiers to interested parties through blockchain using NFT-like smart contracts.

Binance has teamed with payments giant Mastercard to create a cryptocurrency-enabled payment card in Argentina. The Binance Card, issued by Credencial Payments and meant to “bridge the gap between cryptocurrencies and ordinary transactions,” would allow Binance customers to make crypto purchases online and in-store, including Bitcoin (BTC), wherever Mastercard is accepted. Mastercard CEO Michael Miebach announced the project on Twitter and LinkedIn. 

As The Merge Approaches, Ethereum Classic’s hash rate achieved an all-time high on August 20, 2022. The Ethereum Classic network’s hash rate measures the processing power per second employed when mining a coin. The ATH hash rate lowers the chances of a “51% attack.” 

Australia Will Use’ Token Mapping’ As Crypto Regulation Framework. The Australian government will review how bitcoin assets are managed to keep procedures current and safeguard consumers.

John McAfee’s ex-girlfriend alleges McAfee faked his death and is still alive and well in Texas. Ex-girlfriend Samantha Herrera said in a Netflix documentary titled Running with the Devil: The Wild World of John McAfee, published on Wednesday. In June 2021, John McAfee died in a Spanish jail cell while awaiting extradition to the United States on allegations of neglecting to file tax returns from 2014 to 2018 and failing to declare revenue from crypto ventures and consultancy services. When he died, he was 75 years old. 

Besides some gripping news from the crypto industry, some memes and videos added to the fun side of the tech groups. Time for five hilarious crypto memes!

Some Bitcoin humour

Ethereum was not spared either

Want to swim in the Metaverse?

 Hodling Vs Day trading

Why I don’t go to parties anymore

Polygon And Travala partners to Integrate USDC with Travel Booking

In a recent development, the crypto-focused booking platform Travala has teamed up with Polygon to bring USDC as a payment method for over 2 million hotels worldwide, instilling a new wave of crypto adoption. 

The USDC integration will be done with all the services provided by Travala, which also includes over half a million users participating in activities such as cycling, hiking, boat trips, museums, and so on. This integration is also extended towards interactive activities such as the “Original Harry Potter Locations” tour. 

Currently, Travel offers users to pay using tokens such as Shiba Inu, Dogecoin, Bitcoin, Ethereum, and others. But with this integration, USDC will also be added to the list. Moreover, this integration is the first joint initiative by Polygon and Travala, as tweeted by them. 

Polygon has been making headway with its token $MATIC as well and recently overtook Dogecoin for the 10th position in the leaderboard by market capitalization. While the meme coin took its position back, Polygon is making steady progress and shows signs of gaining momentum again. 

Binance x Travala 

On the other hand, Travala is enhancing its activity in the crypto sector and recently teamed up with Binance to offer the crypto community a discount on the Binance Blockchain Week Paris 2022. The conference will take place from September 14 to September 16 and only has limited seating of 4000. 

It’s never too early to get ready for #BinanceBlockchainWeek in Paris! Score a discount for your flight and hotel when you pay with crypto through @travalacom using the promo code ‘BTake5Off’. Here’s how https://t.co/DyTQtXdsSF pic.twitter.com/oY1UlErI2r

Binance (@binance) August 25, 2022

The travel industry is a massive sector that has taken a pro-blockchain approach. The travel industry is one of the main responsible parties in boosting mass crypto adoption, and by offering USDC, Travala has taken this initiative a step further.