Latest In Metaverse, Web3, and NFTs

Hello, again, and welcome back to my Latest in Metaverse, Web3 and NFTs newsletter. Your Linkedin newsletter to find out about the most curious, exciting and most recent developments in these fascinating spaces.

So, without further ado, let’s dive right in!

European Central Bank takes a tough stance against Bitcoin

The European Central Bank (ECB) has decided to take a tough stance against bitcoin. This appears to be fuelled by the widespread fallout in crypto-markets following the collapse of major cryptocurrency exchange, FTX.?

Find the Tweet here.

It seems only logical that the bankruptcy of the US exchange FTX set off alarm bells at the European regulator, and so it seems that the ECB has started a campaign to criticise the cryptocurrency created by Satoshi Nakamoto. It considers real bitcoin transactions to be "cumbersome, slow and costly. Bitcoin has never been used in any meaningful way for legal, real-world transactions.

For the ECB, bitcoin is also unsuitable as an investment compared to real estate, equities or gold and its value is speculative. However, last October the cryptocurrency was less volatile than the main Wall Street stocks.?

Those who survive the FTX cataclysm

Undoubtedly, those who have benefited the most from the last few weeks of chaos in which the cryptocurrency market has been immersed are the decentralised and regulated exchanges.?

However, other companies in the same niche as FTX have been able to take advantage of users' loss of confidence in the ecosystem and their need to migrate to other platforms.

A good example of this lucky break has been an exchange token, which has recorded a 30% by 30 November. It is by far the best-performing altcoin this week and its streak seems to be growing.

Dogecoin on Twitter??

In a lateral market, where bitcoin has remained inside the $16,000 range for the second week in a row, Dogecoin (DOGE), Elon Musk’s favourite meme crypto, has had a considerable rise that reached 44% this week. And while Dogecoin stands out, it wasn’t the only one, with rises seen also in Chainlink and Apecoin (APE).

This Sunday, DOGE saw a 21% boost, trading above USD 0.1, the highest price it has reached in over three weeks! All this boosted by a possible inclusion in Musk’s Twitter .

Musk posted a thread on Twitter showing slides about the "new Twitter". In the last image of the list is a payments section, although it didn't specify what kind of method is being contemplated for the social platform, this opened up speculation that DOGE could be considered a new payment currency inside Twitter.?

Musk neither confirmed nor denied anything, but it was enough for the market to react.

NFT Poetry: another cultural revolution?

NFT poetry, like other forms of NFTs, generates its own rules and ways of doing things. Ways that are quite contrary to the rigid rules of poetry that we all experienced in high school.?

Will NFT poetry be another disruptor, in this case in the literary world?

Check these NFT Poetry projects out there if you want to find out more about them!

• LOST POETS

Created by renowned NFT artist PAK, the project contains its own myth and is actually a game! The telling of the myth is in real-time, and although users have somewhat of an idea of where the story is headed, the poet and the audience can both decide the ultimate direction to take.

Also, users who have bought LOST POETS NFT poem share in the creation of those meanings through direct participation without mediation from publishers, stores, or external agents.?

• TheVERSEverse

This project showcases poets from all around the world

• Onboard traditional poets and pair their verses with the work of crypto artists to create immersive multigenre works
• Amplify, translate, and encourage poets new to crypto
• And highlight text-based artists already active in the crypto space.

A Decentralised literary world? Yes, please