28th August 2022

The hottest topics in the Crypto Oasis ecosystem right now are NFT’s and the Metaverse however the next big thing might be decentralised social media platforms.

Today’s social media landscape is dominated by Web2 platforms and corporations.?Most social media platforms are centralized which means that the users must comply with the policy of such platforms. If users fail to comply they can lose followers or content that they might have spent years building up. Some people believe that centralised social media platforms are unfair to community members and content creators. Centralised social media industry is thought to lack customization and supports algorithm dictatorship.

Decentralised social media is about giving power back to the people. There are already multiple platforms which have that may replace social media on Web2. DeSo is one example of this, it is a layer- 1 blockchain built and caters to one billion users. There are over 200 apps on Deso where you can create a profile in any app and move your profile along with your followers to any app on the blockchain.

Adoption of decentralised social media might take a long time however due to benefits of decentralized social media are so substantial that it will be quickly adopted by content creators, influencers and the wider public.

Top news this week included?VARA issues regulations governing virtual assets marketing?and W Motors?a manufacturer of luxury hypercars in the Middle East, is partnering with Tokengate to bring its vehicles into the metaverse and web3 space.?To settle trades more quickly, Wall Street giant DTCC has launched a private blockchain platform,?According to reports, FTX revenue rose by 1000% in a single year and metaverse and, Samsung plans to launch Crypto Exchange in 2023.

Also the first edition of GB Tech Web3 Awards is to be held in Dubai. Hosted by Motivate Media Group and GB Tech Talk (a Gulf Business brand) with the support of arte Community, the event will attract over 100 key decision makers, startups and organisations in the blockchain space. https://gbtechawards.gulfbusiness.com/web3-awards-2022/

Evai Crypto Ratings Review and The Market?by Matthew Dixon

Education:-?Basic components of Global Variables, Transfers and Events Prof. Dr. Fabian Schar

So here's what else happened this week in Crypto

In the News

VARA issues regulations governing virtual assets marketing. To ensure a responsible Future Economy, Dubai establishes market assurance, and consumer protection safeguards for the Virtual Assets sector. Khaleej Times?

World Bank affiliate IFC backs a blockchain-based platform to trade carbon offsets. The IFC is helping to develop a blockchain-based platform that will provide institutional investors in emerging nations with access to climate-friendly investment opportunities. Finbold?

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64% of US blockchain-versed parents want crypto taught. A recent survey conducted by Study.com found that 64% of parents and 67% of college graduates believe cryptocurrency should be taught in school. Crypto Cable?

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GamesCoin Group's gaming revolution is moving ahead at an unstoppable pace. The worldwide promotional roadshow “MOMENTUM” will continue at Gamescom in Cologne, where the games metaverse will be presented at the exhibition. News Maker?

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Samsung plans to launch Crypto Exchange in 2023. Six more South Korean securities companies may also launch their own exchanges. Be In Crypto?

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Peru's first life-saving Bitcoin initiatives are launched by the NGO Motiv. Motiv's first product, Pay with Bitcoin, teaches customers how to utilize bitcoin while simultaneously exposing them to fundamental financial and banking principles. Bitcoin Magazine?

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To settle trades more quickly, Wall Street giant DTCC has launched a private blockchain platform. The Depository Trust & Clearing Corp. (DTCC) has launched a private blockchain project aimed at settling trades more quickly for clients, according to a press release Monday. The DTCC underpins the entire public securities market, processing all trades in the U.S. stock market. Business Insider?

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Qatari National Blockchain Blueprint spotlights benefits of the technology to country's economy. Qatar’s recently released “National Blockchain Blueprint” states that the technology combined with a solid regulatory framework can help develop the country’s IT sector. However, for this to happen, Qatar must implement recommendations laid out in the blueprint. Bitcoin News?

A unified Crypto services regulatory framework is to be developed by ECB. The regulator emphasized that several regulatory initiatives at the European and international levels are nearly finalized. Bitcoin News?

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Binance launches Zero-Fee trading for Ethereum (ETH). Binance traders will be able to take advantage of a month-long discount on trading fees. Benziga?

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Texas Senator applauds Bitcoin mining as having a positive environmental impact. Cruz claimed that the power used in cryptocurrency mining has a positive environmental impact if miners use sustainable energy sources. Finbold?

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According to reports, FTX revenue rose by 1000% in a single year. An acquisition strategy and an aggressive marketing effort may have fuelled the company's revenue growth. Yahoo Finance?

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Whitepay introduces Crypto payments to Ukraine’s tech stores. Customers can use more than 130 different digital currencies to make purchases through this connection. Inside Bitcoins?

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Bitcoin (BTC) donors fund and construct clean water well for 1,000 Nigerian villagers. A group of Bitcoin enthusiasts funded the project by donating $6,000 worth of BTC to cover expenses until completion. The fundraising drive was launched at a Bitcoin conference in 2022. Finbold?

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Ripple, SBI Remit Join Hands to Enable Real-Time Payments Between Japan and Thailand. Ripple said that its growing footprint in Asia-Pacific is due to progressive crypto regulations and business innovations. The Coin Republic?

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NFL franchise Houston Texans to accept Cryptocurrencies for single-game suite. The Houston Texans professional American football team has entered an exclusive partnership with the company Bitwallet. The deal will allow Texans fans to purchase single game suites using cryptocurrencies. RTT News??

Arte News:?

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How Web3 can change hollywood: Decentralized Pictures CEO. Decentralized Pictures hopes to utilize the wisdom of crowds to fund new projects—and has the support of Roman Coppola, Kevin Smith, and Steven Soderbergh. Blockchain Council?

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Nike NFT sales top $185 million. Global sportswear company Nike has made over $185 million in income from its non-fungible token (NFT) initiatives, making it the brand with the most NFT revenue. Investing.com?

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Invesco introduces a Metaverse-oriented investment fund. The Invesco Metaverse fund will invest in American, European, and Asian firms that are involved in the development of VR technology. News Bitcoin?

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Global NFT transactions could exceed 40 million in five years, new report finds. The report forecasts that linked metaverse non-fungible tokens (NFTs) will be the fastest growing segment of NFT transactions over the next five years, increasing from 600,000 transactions in 2022 to 9.8 million by 2027. Bizcommunity?

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With two trademark applications, music artist Miley Cyrus enters the metaverse. According to Mr. Kondoudis, the trademark filings suggest that the singer is interested in developing NFTs, virtual currency management software, and virtual clothes and footwear. CoinCu?

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Telegram CEO proposes auctioning usernames, and links as NFTs. In light of the recent $3 million TON domain sale, he wants to “add a little bit of Web 3.0 to Telegram.” Bitcoinist?

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NFTs transfer song rights and democratize the music business. EDM artist R3HAB and music community another block are using NFTs to share royalty payments with the artists, songwriters, producers, and others who contribute to the success of a song.? NFT News Pro?

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W Motors, a manufacturer of luxury hypercars in the Middle East, is partnering with Tokengate to bring its vehicles into the metaverse and web3 space. This will make W Motors one of the first car companies to use the metaverse and create an immersive experience around its cars. Gulf Business?

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Web3 games incorporate features to drive female participation. Despite being a male-dominated sector, blockchain games geared toward women may help drive inclusivity. A recent report from the Entertainment Software Association found that 48% of gamers in the United States identify as female. It has also been noted that nearly half of all gamers in the world are women. Cointelegraph?

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Solana move-to-earn app Stepn launches NFT collab with Atlético de Madrid. Stepn has joined forces with Atlético de Madrid to bring 1,001 exclusive NFT soccer boots to the move-to-earn app. DeCrypt?

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Metaverse customer experience enhanced as Emirates NBD and DIFC launch accelerator programme. Emirates NBD has launched a global accelerator programme for metaverse start-ups to enhance customer experience for the new virtual economy. The programme is in partnership with the Dubai International Financial Centre (DIFC) Fintech Hive and it's powered by technology provider Microsoft. Fintech Times?

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Yuga Labs officially releases IP rights tied to Cryptopunks, Meebits NFTs. Yuga Labs has released the IP rights tied to its Cryptopunks and Meebits NFTs. The company purchased these IP rights in March 2022 and owners of these NFTs can use them for commercial or personal purposes. Bitcoin News?

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First edition of GB Tech Web3 Awards to be held in Dubai. Hosted by Motivate Media Group and GB Tech Talk (a Gulf Business brand) with the support of arte Community, the event will attract over 100 key decision makers, startups and organisations in the blockchain space. Gulf Business?

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BULLZ, the Web3 marketing app, partners with MarketStars. BULLZ, the “TikTok of Crypto,” has partnered with one of the leading web3 marketing agency MarketStars to grow adoption of brands in web3 communities. The partnership will further encourage content creation around educational and community-based content that supports social proof. Tech Bullion?

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Meta expands Horizon Worlds Metaveres app in to France and Spain. This move is part of the company's plan to offer these services in more countries in Europe this year. Coin Gabbar??

Evai Crypto Ratings Review

The Market?- Matthew Dixon

PCE figures released Friday out of the USA showed inflation pressures diminishing very slightly but the fireworks began when Fed Chair, Jerome Powell, spoke with a slightly hawkish tone, intimating that the Fed will be serious about tackling inflation. This rhetoric hints at higher interest rates for longer which create headwinds for economic growth and are negative for risk asset prices including Bitcoin and the wider Crypto market.

Time to put the current price action into perspective. The market does exhibit structure on a larger scale. What appears random does in reality have a semblance of order and it is this order that a good trader looks to exploit.

The chart shows clearly the gradual decline from the all-time high price of Bitcoin. It’s a gradual decline in steps, with lower lows and lower highs. In Elliott wave parlance it’s a triple correction in progress with three large declines in the full cycle to the downside. Each decline exhibits a precise Fibonacci relationship relating to each of the downward waves. ?We are soon to enter the final decline, following which the market should start on the road to recovery.

We can only speculate on the reason for the market turnaround but if pressed, then the likely reason will be a further decline in inflation pressures coupled with falling economic growth. Under these circumstances, the Fed and other Central Banks around the world will return to the policies of monetary easing which will ignite the next risk asset price rally.

Meanwhile, unbiased, Ai-driven rating platform Evai are the go-to place for those cherry picks in an otherwise bear market.

Learn to Earn

Are you looking for an easy-to-understand explanation of smart contracts and decentralized finance that goes beyond the technical details?

Hear about the basic components of Global Variables, Transfers and Events with Prof. Dr.?Fabian Sch?r?from the?Center for Innovative Finance (Universit?t Basel).

That's it for this week, see you next week for more news from the Ecosystem