Crypto weekly 17/1/2022 by Cryptoweekly

A HOSPITABLE METAVERSE

HIDDEN GEMS Page 28

CRYPTO Page 40

Buy the Eiffel Tower

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N Korean Hacking Teams

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Whale Coin Talk Rules Facebook Steals Apple Staff

METAVERSE INVESTMENT Page 38

WEEKLY $2 cryptoweeklymag.com January 2022 | Volume 09

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crypto & Taxes tricks to Page10 know

HAPEBEAST HIGH FASHION Page 04

New Year Crypto Trends Page 14

ETH Burn Rate Surges Donating Crypto to Charities

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NFT`s & the New World Page 23

Tokens to Watch in 2022 Page 26

Metaverse Office Space Page 36

The Potential of NFTs

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EDITOR’S LETTER

Crypto Weekly

Welcome to Crypto Weekly

elcome to the 10th issue of Crypto Weekly. We have all just been having the greatest time keeping this magazine going. We don't want to miss you, the readers, so I want to say thank you. From the bottom of my heart, I love all of you and I care about what happens to all of you. I am not just saying that. I do mean it. We are all here in this world together. We should all care about one another and the earth beneath our feet. It's just a state of respect appropriate from a being that holds so much power to shape what is ahead by what we have done behind. We are here now in this world just doing the best we can. That's what I do every day. I never know what is coming next but the future is coming, whatever it is. May we all flourish and live well from what we do every day. Crypto Weekly will answer all of your questions. Whether you're new to crypto or have some experience, we're here to help. I hope you all have fun. Now that we have reached the end, it is time to turn the page, but let us know your thoughts. If you would like to see something featured, please get in touch with me. editor@cryptoweeklymag.com editor@cryptoweeklymag.com

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Robert Stone Editor

January 2022 | Volume 10

NEWS Crypto Weekly

tokens that represent real-life spaces, allowing people to own digital copies of landmarks like the Arc de Triomphe in Paris or the Sydney Opera House and less-famous parts of the world. Each plot of NFT land on SuperWorld translates to the real-world equivalent of a 100m x 100m space, or roughly the size of a sports stadium. "This partnership will provide businesses looking to enter the Metaverse a more significant brand marketing opportunity as we continue to diversify our $8-figure real estate portfolio," said Metaverse Group CEO Lorne Sugarman.

Metaverse Users to Purchase Digital Versions of Central Park and the Eiffel Tower

n the SuperWorld platform, virtual land plots are available for sale in billions of locations worldwide. Metaverse Group will invest up to $1 million in SuperWorld, where users can purchase virtual versions of global landmarks.

with augmented reality content on the SuperWorld platform. With SuperWorld, you can purchase, collect, and curate over 64 billion unique plots of land on Earth. In essence, they are non-fungible

The Metaverse Group, a subsidiary of Token.com, emerged as a significant player in the new market last year. In the Metaverse, virtual land deals are reaching millions of dollars as companies prepare for potentially lucrative deals to host or advertise in the 3-D world. Decentraland, a blockchain-based, 3-D universe where some land can be monetized, has purchased land worth $2.43 million. The digital land is in Decentraland's Fashion District, and Sugarman told Insider in an interview last month that "We think the Fashion District purchase is like buying on Fifth Avenue back in the 1800s … or the creation of Rodeo Drive." 

Markets Insider

Initially, $250,000 will be invested in land plots on the platform that's digitally mapped the Earth's surface. Metaverse Group is behind the most significant purchase of virtual land to date. Metaverse Group is expanding its reach in digital real estate by investing up to $1 million in SuperWorld. In this marketplace, users can buy and sell versions of global landmarks such as Mount Rushmore and the Great Wall of China. For a $250k initial investment, users will be able to purchase virtual plots of land

January 2022 | Volume 10

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North Korea stole a record $400 million in cryptocurrency last year, researchers say Kevin Collier

esearchers have found that North Korea stole nearly $400 million in cryptocurrency in 2021, particularly Ethereum, indicating its ongoing strategy of hacking and laundering digital money is working. Despite sanctions from the United States and other countries, the isolated nation has long relied on its hacker corps to break into financial institutions worldwide to steal money. In recent years, hackers have increasingly targeted companies that handle and trade cryptocurrency stored in digital wallets and can be quickly sent worldwide if a hacker gains access to them. Last year, a United Nations report found that North Korea had hacked and stolen $316 million in virtual assets between 2019 and 2020 to use for its nuclear weapons program. That tactic was particularly effective last year, according to researchers at Chainalysis. This company monitors transactions

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on blockchains, a kind of public record that tracks all transactions for most cryptocurrencies. North Korea's hackers successfully breached at least seven cryptocurrency exchanges and laundered the money, the company said. The value of many cryptocurrencies has risen dramatically in recent years. Software developers have created an entire ecosystem of projects and exchanges that allow users to trade cryptocurrencies or convert their virtual money into cash. While many significant discussions follow guidelines to collect information on users to counter money laundering, the internet is also rife with places that don't bother, opening the door for malicious actors like North Korea's hackers. According to Kaspersky, a cybersecurity company, North Korea has a dedicated hacking team that has repeatedly

attacked small and medium businesses that deal with cryptocurrencies. In the past year, hackers stole a record $14 billion in cryptocurrency from companies like these. Unlike many criminals who receive cryptocurrencies, North Korea doesn't rush to convert it to conventional currency immediately, said Erin Plante, the senior director of investigations at Chainalysis and the report's author. The company appears to launder a moderate amount of hacked cryptocurrency while holding on to about $170 million worth of older hacks by taking advantage of crypto appreciation. Plante explained that they are very strategic and do not rush into cashing out. As a result of waiting, "they are looking at a significantly larger amount."  NBC News

January 2022 | Volume 10

NEWS Crypto Weekly

acknowledging the ape paradigm of the NFT universe. The HAPEBEAST community has gained more than 260K Discord members and 140K Twitter followers within a short period after the launch of the Metaverse, cementing its position as the dominant NFT player. By enabling the next generation of fashion leaders to be led by a member of Bored Ape Yacht Club, HAPEBEAST is setting the standard for the fashion industry.

With its NFT collection that focuses on the environment, HAPEBeast brings high fashion to the Metaverse and attracts blue-chip influencers

eavily covered by the headlines is HapeBeast. HapeBeast's threedimensional non fungible token (NFT) is gaining significant traction following the release of a highly-professional teaser video for ape-themed profile pictures. Digital Studio London's owner, Digimental, designed the project, which includes 8,000 unique representations of ape avatars.

through the debut of over 8,000 NFTs on the Ethereum blockchain, according to researchers and commentators on YouTube. With a design developed by Digimental, a London-based studio, the HAPEBEAST project is at the intersection of fashion, music, art, and culture, while

HapebeAST says it has focused on the details of the art down to every garment, accessory, and cultural reference because it is the first fashion project to integrate fashion with the Metaverse. By launching a unique project and building a community, HAPEBEAST wishes to build a seamless, harmonious blend between real life and the Metaverse. This revolutionary collection from NFT inverts the way culture is documented by blending streetwear, 90s hip hop, and contemporary high fashion into aesthetically stunning 3D renderings. We live in the metaverse, and it is clear that digital assets, property, and currencies will soon define the future. The project was built with this goal in mind, as a groundbreaker that combines fashion, technology, and the community into a single idea. 

The studio has been in business for several years, and its client list includes Chelsea FC, Nike, MTV, and Jordan Air, among others. Researchers and commentators on YouTube believe that the project has the early characteristics and social awareness required to become the next blue-chip investment in the space, bringing fashion to the Metaverse

January 2022 | Volume 10

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Readers get a chance to whitelist for the ambitious KAPEX project brought to you by Koda Cryptocurrency, Launch is expected next month (Feb 22) and public presale opens from 15th Feb. For more information visit https://KAPEX.me and join the conversation on telegram. Referral code: CWEEKLY22 2 random applicants will be accepted to band A, and 10 band B. Other applicants guaranteed standard presale if before 15th Jan (up to maximum allocation).

FEATURE Crypto Weekly

Looking for the Next Big Investment Opportunity?

Whale Coin Talk has that…

n a world where A.M.A.'s (Ask Me Anything) have become an absolute necessity to keep your investor base informed of new updates and exciting news about what's going on with your project, Whale Coin Talk sets the standard for professionalism and personal direction. Inquisitive investors line up multiple times a day to hear what investment opportunities arise in the crypto space. Their 10,000 members benefit from this by gaining the most knowledge about a project without the usual distractions. Considered the G.O.A.T. of the A.M.A. model, Glenn gets to know every project before sitting down for the scheduled A.M.A., researching through the different avenues and channels. Exceptionally mature and professional, when the A.M.A. begins, the Whale Coin Talk group mutes their text chat so that only admins, and those given permission, can share information, links, and relevant details about the project. Members of the group can then visually see and hear the best bits of development from the team. ‘When Lambo’ typically seen from 'aping' investors is non-existent, as this structure eliminates any irrelevant information. Video and text visuals are supported for Whale Coin Talk.

warm, welcoming, and educational. No investor is overlooked, and no question is irrelevant. It doesn't matter if your project is new or has solid traction, having an A.M.A. in Whale Coin Talk will garner exposure and serious investors. If you’re an investor looking for the next big thing or want to gain knowledge from genuine people in the crypto space, Whale Coin Talk is for you. The team and group are not only comprised of genuine crypto enthusiasts who come prepared with detailed questions, they are also all investors when sitting down with a solid project they believe has the potential to add monetary value to their portfolios.

If you’re an investor looking for the next big thing or want to gain knowledge from genuine people in the crypto space, Whale Coin Talk is for you. So, instead of just listening to what is being said and reading what the project posts in the chat, they can screen share anything deemed important to pitch their product. The A.M.A.'s aren't the typical copy and paste design we're so used to seeing in our space. It's personal, mature, friendly, direct, and informative. It's professional and comfortable. As you watch or listen, you feel as if you're watching friends who haven't seen each other for a while, catching up over coffee about their successes and what they're doing to reach their goals. The conversation is

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Attending around two dozen Whale Coin AMA's, the last two I was present for were followed up by the Whale Coin Talk team joining Telegram groups for those projects, sharing their insight on how unique and special they are. While the Whale Coin Talk team was blown away by what these cryptocurrencies are doing, I was blown away by how aesthetically pleasing the Whale Coin group was. They were engaging, friendly, positive, and genuinely interested. Whale Coin Talks' group of 10,000 crypto enthusiasts is an excellent place to start attracting a devoted following if you're a blockchain developer. If you're looking to continue your success and branch out to a space with immense outreach, the Whale Coin team has their hands in every aspect of crypto. Suppose you're a smaller bag investor, or a venture capitalist, looking to add significant value to your portfolio by finding the next 'big thing', or attaining the inside scoop before the rest of the cryptoverse, in that case, Whale Coin Talk is THAT place. Welcoming, with open arms, ears, and opened wallets. 

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NEWS Crypto Weekly

Microsoft, Apple staff, poached by Meta "The Metaverse enables us to embed computing into the real world and to embed the real world into computing," Satya Nadella Microsoft CEO

ormer employees report that more than 100 people have already switched from Microsoft to Meta. Meanwhile, Apple is offering generous bonuses to retain its workers.

and $180,000, according to a report by Bloomberg. In late December 2021, the company offered bonuses to a group of engineers in silicon design, hardware, and some software operations workers.

The company Meta Platforms seeks to create a metaverse by attracting employees from Microsoft and Apple. It is claimed that Meta has targeted people who have worked on Microsoft's HoloLens augmented reality (AR) headsets. The Wall Street Journal reports that about 100 former Microsoft employees have left the augmented reality team to join Meta Platforms in the past year.

Metamorphosis of Facebook

Microsoft announced one of the most advanced headsets in the world in 2016: HoloLens. The Wall Street Journal reports that LinkedIn profiles show more than 70 HoloLens team members have left the project in the past year, with more than 40 taking new jobs at Meta. Microsoft's first-mover advantage in the AR space makes its employees valuable assets for Meta. Meanwhile, Apple is attempting to counteract an employee exodus to Meta by offering lucrative stock options and bonuses worth between $50,000

January 2022 | Volume 10

Meta Platforms was formerly known as Facebook until a significant rebranding exercise in October 2021, signaling the company's growing ambitions beyond social media. Its virtual reality hardware business, "Reality Labs," has been hard at work in the months since, successfully creating a prototype of its virtual reality "haptic gloves" in mid-November 2021.

Some crypto leaders, such as Hodl Asset's Jenny Ta, have suggested that Mark Zuckerberg shouldn't be the one to lead Facebook into the metaverse at all, given his history regarding data mining, privacy, and content policies.

Despite these early successes, Meta's attempts to dominate the metaverse have led to no shortage of criticism on the broader community, including leaders in the crypto, non fungible token, blockchain, and GameFi spaces. Some crypto leaders, such as Hodl Asset's Jenny Ta, have suggested that Mark Zuckerberg shouldn't be the one to lead Facebook into the metaverse at all, given his history regarding data mining, privacy, and content policies. "For him to have a clean slate for Meta, he must step down, and he must have a new CEO to run it," she said in a November interview with Cointelegraph. Both Microsoft and Apple have had their sights set on the metaverse for quite some time. In early November 2021, Microsoft announced a slew of team updates and upgrades to its Xbox gaming console, along with a new product called Dynamics 365 Connected Spaces. "The Metaverse enables us to embed computing into the real world and to embed the real world into computing," Microsoft CEO Satya Nadella said at the time. "What's most important is that we can bring our humanity with us and choose how we want to experience this world." Coin Telegraph

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FEATURE Crypto Weekly

How to report crypto transactions to the IRS this tax season Bill Bischoff

ryptocurrencies, or virtual currencies, have gained mainstream acceptance. A question about cryptocurrency will appear on your 2021 Form 1040. It is essential to know that cryptocurrency transactions are taxable at the federal level. The IRS typically does not accept ignorance as an excuse for failure to comply with tax laws. There's no doubt about that. You can use Bitcoin BTCUSD, -2.19% to buy a Tesla TSLA, -6.75%, and buy or pay for many other things. Cryptocurrencies, however, may be taxed by the IRS. If you made crypto

January 2022 | Volume 10

transactions last year, here's what you'll need to know at tax time in 2021. The IRS wants to know about your crypto transactions. The 2021 version of IRS Form 1040 asks whether you ever received, sold, exchanged, or otherwise disposed of any financial interest in virtual currency. You are supposed to check the "Yes" box if you did. The fact that this question appears on page 1 of Form 1040, right below the lines for supplying basic information like your name and address, indicates that the IRS

is serious about enforcing compliance with the applicable tax rules. Fair warning.

When a 'Yes' box should be checked for crypto transactions The 2021 Form 1040 instructions clarify that virtual currency transactions for which you should check the "Yes" box include but are not limited to: (1) the receipt of virtual currency as payment for goods or services that you provided; (2) the receipt or transfer of virtual

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Crypto Weekly

currency for free that does not qualify as a bona fide gift under the federal tax rules; (3) the receipt of new virtual currency as a result of mining and staking activities; (4) the receipt of virtual currency as a result of a hard fork; (5) an exchange of virtual currency for property, goods, or services; (6) an exchange/trade of virtual currency for another virtual currency; (7) a sale of virtual currency; and (8) any other disposition of financial interest in virtual currency.

virtual currency in a wallet or account or transferring virtual money from one wallet or account that you own or control to another that you own or control. If that's all that happened last year, check the "No" box.

If in 2021 you disposed of any virtual currency that was held as a capital asset through a sale, exchange, or transfer, check the "Yes" box and use familiar IRS Form 8949 and Schedule D of Form 1040 to figure your capital gain or loss. See Examples 1 and 4 below. If in 2021 you received any virtual currency as compensation for services, check the "Yes" box and report the income the same way as you would report other income of the exact nature. See Example 3 below.

Key point: For more information on the federal tax treatment of virtual currency transactions, see these FAQs on the IRS website.

When to check the 'No' box on crypto transactions You cannot leave the virtual currency transaction question unanswered. You must check either the "Yes" box or the "No" box. A transaction involving virtual currency does not include holding

Please check the "No" box if your only transactions in 2021 involve virtual currency purchases for real currency, including the use of real currency electronic platforms such as PayPal PYPL.

How to report crypto gains and losses on your 2021 Form 1040N Now for the meat of this column. Let's use the term cryptocurrency instead of virtual currency despite what the IRS says. Onward. The IRS assumes that cryptocurrency is "property" for federal income tax purposes. (Source: IRS Notice 2014-21.) Coin exchanges for U.S. dollars, Euros, goods, services, real estate, Teslas, or other cryptocurrencies require reporting gains and losses. If you fail to report cryptocurrency transactions on your Form 1040 and get audited, you

It is essential to know that cryptocurrency transactions are taxable at the federal level. The IRS typically does not accept ignorance as an excuse for failure to comply with tax laws.

could face interest and penalties, and even criminal prosecution in extreme cases. A cryptocurrency transaction is taxed based on its fair market value (FMV) measured in U.S. dollars on the day it was received or paid. The current values of the most popular cryptocurrencies are listed on exchanges, and I hope you kept track of what you did last year. For example, Bitcoin and many other cryptocurrencies are listed on the Coinbase exchange. If you sold one Bitcoin on 9/5/21, you should have received about $51,750, according to the Coinbase exchange. You might have actually obtained a little more or a little less. If you bought one Bitcoin with U.S. dollars on 9/5/21, you should have paid about $51,750. You might have actually produced a little more or a little less. Your basis in the Bitcoin for federal income tax purposes would be whatever you paid. * If your tax basis in the cryptocurrency you exchanged exceeds the FMV of what you receive in exchange for it, you will have a tax gain. * If the FMV of what you receive is less than your basis, you will have a tax loss. It's hard to imagine that a cryptocurrency holding will be classified for Federal Income Tax purposes as anything other than a capital asset - even if you use it for business or personal transactions rather than hold it for investment purposes

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January 2022 | Volume 10

FEATURE Crypto Weekly

only. Consequently, the taxable gain or loss from exchanging a cryptocurrency will almost always be a short-term capital gain or loss, based on whether you held it for at least a year and a day (long-term) or not (short-term) before using it.

Cryptocurrency receipts: tax treatment When accepting cryptocurrency as payment, you need to determine its FMV before converting it into dollars. Your federal income tax results will be then calculated. Example 1: You exchanged two Bitcoins for a different cryptocurrency last year. On the exchange date, the FMV in U.S. dollars of the new cryptocurrency that you received was $125,000. Your tax basis in the two Bitcoins you gave up was $95,000. You acquired the two Bitcoins earlier in 2021. Your taxable gain on the exchange was $30,000 ($125,000 – $95,000). Report the $30,000 as a shortterm capital gain on your 2021 Form 1040, using Form 8949 and Schedule D, because you owned the two Bitcoins for less than a year and a day. Example 2: You sold a vintage auto that you had restored to perfection for two Bitcoins last year. On the date of sale, Bitcoins were valued at $55,000 each, according to the Coinbase exchange. Your tax basis in the auto was $65,000. To report this transaction on your 2021 Form 1040, convert the two Bitcoins you received into U.S. dollars ($55,000 x 2) = $110,000. Your taxable gain on the sale

January 2022 | Volume 10

is $45,000 ($110,000 – $65,000). Report the $45,000 as income or gain on your Form 1040. Assuming you're not in the business of restoring vintage autos, you have a short-term or long-term capital gain, depending on how long you owned the auto. Report the gain on Form 8949 and Schedule D.

Tax treatment of crypto used in business transactions If you receive cryptocurrency as payment in your business, the first step is to convert the amount into U.S dollars. Then follow the standard rules to determine the federal income tax results. Example 3: You're a self-employed professional. You operate your business as a single-member LLC treated as a sole proprietorship for tax purposes. Last year, you accepted one Bitcoin as payment from a major client. On the date of receipt, Bitcoins were valued at $55,000 each, according to the Coinbase exchange. On your 2021 Schedule C, you should recognize $55,000 of taxable income for services rendered. Because you're self-employed, the $55,000 is also subject to the dreaded self-employment tax. If you use cryptocurrency to pay for a business expenditure, the first step is to convert the payment into U.S dollars. Then follow the standard rules to determine the federal income tax results.

On the date of the purchase, Bitcoins were valued at $55,000 each. So, you have a 2021 business deduction of $55,000. Include the $55,000 as an expense on your 2021 Schedule C. But there's another piece to this transaction: the tax gain or loss from holding the Bitcoin and then spending it. Say you bought the Bitcoin in January of 2021 for only $31,000. So, you had a $24,000 taxable gain from appreciation in the value of the Bitcoin ($55,000 – $31,000). That $24,000 gain is a short-term capital gain —because you did not hold the Bitcoin for more than one year. Report the gain on Form 8949 and Schedule D. If you use cryptocurrency to pay employee wages, the FMV of the currency counts as wages subject to federal income tax withholding, FICA tax, and FUTA tax. Like any other wages paid to employees, you must report the wages to the employee and the IRS on Form W-2. If you use cryptocurrency to pay an independent contractor for performing services for your business, the FMV of the currency is subject to selfemployment tax for the contractor. If you pay a contractor more than $600 during the year, you must report the payment on Form 1099-NEC. Because you're not in the business of buying and selling cryptocurrencies, the gain and loss will be a short-term or long-term capital gain or capital loss, depending on how long you hold the cryptocurrency. As illustrated in Example 4, you may also have a tax gain

Example 4: Last year, you used 1 Bitcoin to buy tax-deductible supplies for your booming sole proprietorship business.

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or loss due to appreciation or decline in the value of the cryptocurrency when you held it before paying it out to cover employee wages or services from an independent contractor. Report the gain or loss on Form 8949 and Schedule D. Will your 2021 crypto transactions be reported on 1099s? Maybe.

How is crypto reported on Form 1099-MISC? On Form 1099-MISC, cryptocurrency exchanges may report gross income from rewards or staking as "other income." The form won't report individual transactions, just your total income from them. Your Form 1040 should reflect each transaction, as well as any other crypto transactions. Key point: The IRS gets a copy of any 1099-MISC sent to you. So don't assume you can just fly under the radar without detection.

How is crypto reported on Form 1099-K? Form 1099-K is a Payment Card or Third Party Network Transactions form. It's commonly used by credit card companies and payment processors like PayPal to report payment transactions processed for third parties. Form 1099-K reports the total value of cryptocurrencies that you bought, sold or traded on the platform that handled the transactions.

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Form 1099-K is also used by some crypto exchanges to report receipts from crypto transactions — as in Examples 1, 2, and 3 above. However, Form 1099-K is typically sent only to U.S. taxpayers who made 200 or more transactions with a total volume of $20,000 or more. The amount reported on Form 1099-K does not equate to your tax gain or loss from crypto trading conducted on the reporting exchange. If you trade often, you could have a large trading volume reported on Form 1099-K, but only a relatively small net tax gain or loss. Key point: The IRS gets a copy of any 1099-K sent to you, and the agency will therefore expect to see some crypto action on your Form 1040.

What information does a Form 1099-B report about crypto? Form 1099-B is mainly used by brokerage firms and barter exchanges to report capital gains and losses. Unlike Form 1099-MISC and Form 1099-K, Form 1099-B reports profits and losses from individual transactions. While each gain or loss is calculated separately, the brokerage firm will typically report consolidated numbers — for example, your net short-term gain or loss amount. A few crypto exchanges issue Form 1099-B. Key point: The IRS gets a copy of any 1099-B sent to you.

Why you won't get a 1099 If you simply made a payment last year using a cryptocurrency, as in Example 4 above, you won't receive a Form 1099 for 2021. Form 1099, in any of its various flavors, is only issued if you receive payment.

In a nutshell You may be unaware of the federal income tax implications of cryptocurrency transactions. But the IRS doesn't usually accept ignorance as an excuse for failure to comply with tax rules. Detailed records are essential for compliance. Your records should include: (1) when the cryptocurrency was received, (2) the currency's FMV on the date you received it, (3) the currency's FMV on the date you exchanged it (for U.S. dollars, a different cryptocurrency, or whatever), (4) the cryptocurrency trading exchange that you used to determine FMV, (5) and your purpose for holding the currency (business, investment or personal use). With this information, you and/or your tax pro can determine the federal income tax consequences of your 2021 crypto transactions. There may be state income tax consequences depending on where you live. Good luck with all this. Marketwatch

January 2022 | Volume 10

EDITORIAL Crypto Weekly

New Year Crypto Trends You May Bet On These cryptos can serve the digital economy in several ways Since the beginning of the year, crypto markets have been under pressure as wary investors question their value. The crypto industry is still developing even as cryptocurrencies fall. In the end, crypto, whose utility is confirmed, will be most valuable. Let's look at a few of the great utilities being built today with Solana, Ethereum, and Polkadot.

Gamers are the stars of this year In 2021, Solana was one of the topperforming cryptocurrencies, and I expect that to continue in 2022 as well. Utility ecosystems do not depend on speculation about value increases. On Solana, the development community is booming, with NFTs launching daily, marketplaces booming, and decentralized finance (DeFi) projects advancing as well. Venture Capital has been invested in the game ecosystem, which has received at least $250 million. The advantages of Solana include its high speed and low transaction costs, which will lead to big innovations in 2022, pushing the cryptocurrency to new heights.

Smart contracts on the OG blockchain Ethereum has faced several challenges

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during the past few months, from high transaction fees to a clogged, slow network. In addition, Ethereum 2.0, which includes a proof-of-stake transaction validation system, should bring faster speeds and lower costs to the blockchain. In many ways, Ethereum has the edge over its competitors to build out the crypto ecosystem. Among the company's products are NFT marketplaces, tools for building websites with access granted by NFTs, and wellknown digital wallets. Additionally, it is where the highest value NFTs are traded every day. However, the benefits of blockchain technology will not last as long as transaction costs remain high. Ethereum 2.0, however, may unlock Ethereum's potential for even more projects and investors in 2022 if it lives up to expectations. The fact that people continue to trade billions of dollars in assets despite Ethereum's high transaction costs is a positive sign. If the blockchain is that popular with high costs, how popular would it be with lower costs and faster transactions?

The new kid on the block One other utility token is Polkadot, launched by Ethereum co-founder Gavin Wood to address some of Ethereum's core issues. As a result of parachains, developers can build

Venture Capital has been invested in the game ecosystem, which has received at least $250 million. The advantages of Solana include its high speed and low transaction costs, which will lead to big innovations in 2022, pushing the cryptocurrency to new heights. on the blockchain more flexibly than with other blockchains. Several layer-1 blockchains exist parallel within the Polkadot ecosystem (both on the Polkadot and Kusama networks). Using cross-network bridges, Parachains can also connect to external networks such as Bitcoin and Ethereum. With Polkadot, companies, and governments can make personal data accessible yet secure, allowing them to interact with public and private blockchains. The development of Polkadot is still early, and the underlying technology has plenty of potential, but it has plenty of promise. That's why I think this is an excellent cryptocurrency for 2022.

Blockchain utility My picks for this month are Solana, Ethereum, and Polkadot, as they have the potential to redefine the digital economy. You'll notice that they are all building utility into their blockchains, which is one thing they have in common. I think the actual value of crypto will be in the long-term rather than in the speculative trading that drove prices in 2020 and 2021. 

Robert Stone

Editor: Crypto Weekly

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FEATURE Crypto Weekly

ETH Burn Rate Surges Amid Market Chaos and Record NFT Volume Samuel Haig

thereum’s burn rate has seen a dramatic resurgence this week amid market volatility and renewed NFT volume, averaging 8.58 ETH every minute for the past seven days. The spiking burn rate has come at a cost for Ethereum holders, with the asset losing 7% of its value to trade at its lowest level since September 2021. The heavy losses sustained by many leading DeFi tokens likely contributed to the burn rate too, as traders rushed to reduce exposure to many mid-cap crypto assets.

were the second-largest source of burn Ether this past week with 8,068 ETH or 9.3% of the total, followed by Uniswap v3 with 5,213 ETH or 6%, Tether with 3,405 ETH or 4%, and Uniswap v2 with 1,755 ETH or 2%.

Chainlink Rallies

OpenSea was the largest source of burned ETH by far, with 15,507 destroyed for 18% of the network’s total. (OpenSea posted a new record for daily volume on Jan. 9, with $261M worth of NFTs changing hands).

In other DeFi market news, Chainlink (LINK) has rebounded this week, defying the bearish momentum that caused significant losses across most crypto markets from Jan. 3 to Jan. 10. According to CoinGecko, Chainlink surged by nearly 29% during a week that saw the top 10 non-stablecoin cryptocurrencies post double-digit losses. CoinGecko said LINK’s strongest volume drove the move since May 2021.

OpenSea has already processed $2B worth of volume during the first nine days of January. August 2021 posted the current all-time high for monthly volume on OpenSea with $3.4B. ETH transfers

LINK is the second-largest DeFi asset with a capitalization of $13B, ranking first by 24-hour trade volume with $3.08B. However, Chainlink is still down 47% from its all-time high of $52.7 posted in

January 2022 | Volume 10

May last year, last changing hands for $28.14. Coins associated with Dopex, a decentralized options exchange, were also on a tear this past week. Its rebate token RDPX and governance token DPX ranked as the first and third bestperforming DeFi tokens with 103% and 26.2% respective weekly gains.

Top Gainers Just nine of DeFi’s top 100 tokens by market cap posted a gain of more than 1% for the week, signaling bearish momentum across the decentralized finance sector. Dopex Rebate Token (RDPX) + 103% Chainlink (LINK) + 29% Dopex (DPX) + 26.2% GMX (GMX) + 23.7% Tokemak + 23%

Biggest Losers More than 65 leading DeFi assets suffered double-digit losses this week, with

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nearly one-quarter of the top 100 tokens shedding more than 20%. Recently surging standouts from the Avalanche ecosystem Wonderland (TIME) and Abracadabra (SPELL) were among the tokens hardest hit, with both shedding more than 30% in just seven days. Popsicle Finance (ICE) – 40% Spell Token (SPELL) – 37.2% Wonderland (TIME) – 31.7% Bonfida (FIDA) – 29% Curve DAO Token (CRV) – 25.3%

Leading Networks’ TVLs Plunge to New Lows The combined total value locked (TVL) in DeFi protocols has pulled back 7.6% to $231B after retesting its previous alltime high last week, according to DeFi Llama. Ethereum’s TVL has slumped to its lowest level since October, with $144.7B currently locked across the network following an 8.5% retracement. Three-quarters of Ethereum’s 20-largest protocols experienced TVL drawdowns of between 4% and 17%, including each top seven.

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Terra ranks second with $17B, riding a weekly drawdown of roughly 12%. Seventh-ranked Pylon Protocol was Terra’s sole top ten protocol to post TVL growth for the week, while 11th-ranked Loop Finance bucked the broader trend with a 60.6% gain. Binance Smart Chain continues to shed market share, sitting at $15.1B after its TVL fell 7.9%. Since early August, the sum locked in BSC has fallen to its lowest level, with 15 of the network’s 20-largest protocols suffering losses for the week. Avalanche remains the fourth-largest network by DeFi TVL with approximately $11B. While the network has partially recovered from its Jan. 3 dip to $10.2B, it is down 9.2% in six days. Threequarters of its top 20 dapps are down for the week. Solana’s TVL currently sits at $9.85B, with the network slipping below $10B for the first time since October on a weekly drawdown of 15.6%. Only three of Solana’s 20 biggest protocols enjoyed growth for the past seven days.

After posting, Fantom ranks seventh with a $5.4B TVL, bucking the trend with a weekly growth of 5%.

Arbitrum Move Leading Ethereum L2 network Arbitrum was among the few networks to post TVL growth this past week, sitting at $2.57B after gaining close to 7% in seven days, according to L2beat. Arbitrum currently represents 47% of Ethereum L2 value. Second-ranked L2 derivatives exchange dYdX also posted modest growth of 1.3% to close the week at $987. Loopring ranks third with $448M after shedding 19% in seven days, followed by Boba Network with $432 following a 10% retracement. The gap between Optimism and Boba continues to close, with Optimism banking fifth with $402 after a modest 3.7% drawdown. Metis Andromeda, ZKSwap, and Immutable X follow in the rankings after weekly pull-backs of 10.5%, 12%, and 23.5%, respectively. The combined TVL of L2s is down 7.2% at $5.46B. Read the original post on The Defiant.

January 2022 | Volume 10

Crypto Weekly

of the

week

NFT

January 10 Bitcoin Cryptocurrency Market Update by James Sides th

James Sides is an experienced and well-respected trader who has been a friend of Crypto Weeklỳ s Editor for many years. He has a free-to-enter Facebook group if you would like to learn more from him called Crypto Common Sense.

January 2022 | Volume 10

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agromatic

FEATURE Crypto Weekly

New World To Release NFT Collection With Karl Wolf Following the success of "Omicron Queen"

Graph Blockchain Inc. (CSE: GBLC) (OTC Pink: REGRF) (FSE: RT5A) ("Graph" or (the "Company") announced that its wholly-owned subsidiary New World Inc.TM will be releasing an NFT collection with Karl Wolf whose song "Omicron Queen" took the internet by storm. Following the release of his album "2 AM Vibes," which featured the hit single "Get Away," NFT has released this collection. "When I found out I had Omicron around the holidays, I was frustrated and could not spend Christmas with my family, so I took to my home studio and recorded Omicron Queen as a parody of Caribbean Queen by Billy Ocean. Just like Omicron went viral in real life, "Omicron Queen" is one of the hottest songs on TikTok right now!" Karl's new NFT drop consists of 12 unique and limited, fun-colored Omicron Queens dancing to a parodied song that will be available on the Polygon blockchain via OpenSea. Each NFT variation will have 50 in supply and be paired with an Omicron Queen track. The studio versions will be priced at

.04 ETH (approximately $150 CAD) and come with exclusive access to a live Tik Tok performance and a rapid test kit, while the beach versions will be priced at .065 ETH (approximately $250 CAD) and come with exclusive access to a live Tik Tok performance along with a rapid test kit & t-shirt. The rest of the exclusive Omicron Queen collection will be available on the New World global marketplace in augmented reality in both gold and platinum. The exclusive 1 of 2 gold editions will be priced at 3 ETH (approximately $11,500 CAD) and allow buyers to record a live track with Karl via Zoom. The exclusive 1 of 1 platinum edition, priced at 6.5 ETH

(approximately $25,000 CAD) will allow buyers to meet Karl in person with all accommodations paid for, including flight and hotel, and include a creative studio session where the buyer will be able to create and record a song with production and vocals by Karl Wolf. During the session, the buyer will create and record a song with production and vocals by Karl Wolf. Continuing to develop their online marketplace and app, New World looks forward to adding music to their augmented reality NFTs to offer their users the best experience. Omicron Queen is dropping on January 12 worldwide. Continued...

January 2022 | Volume 10

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"Omicron Queen" by Karl Wolf

Subscribe for more Karl Wolf: http://bit.ly/1PQCU7C

FEATURE Crypto Weekly

The potential inability of the Company to continue as a going concern. The possible failure of the New World to continue as a going concern. The risks associated with the blockchain and NFT industry in general. Listen to the Original Omicron Queen Track: https://youtu.be/T18NpRqy7CQ OpenSea Collection: https://opensea. io/collection/omicronqueens New World Marketplace: https:// newworldmarketplace.io/

Information about New World Inc. New World is an augmented reality art-focused NFT company that allows creators, musicians, and celebrities to access an NFT distribution canvas to create and sell digital art. By selling digital art, artists can reach a broader market (both geographically and demographically), and as a result of the blockchain, continue to benefit financially through economic participation in future sales. New World has built this platform and has already signed such notable artists as Diogo Snow, who has produced numerous pieces for celebrity clients including Drake, and Fetty Wap, an American rapper, singer, and songwriter who has over 6.5 million Instagram followers, as well as many others.

Information about Graph Blockchain Inc. Shareholders of Graph Blockchain are exposed to various aspects of Decentralized Finance (Defi). With its wholly-owned subsidiaries Babbage Mining Corp., a Proof of Stake ("POS") miner, and Beyond the Moon Inc., an IDO-focused company, Graph provides investment opportunities in the growing market of cryptocurrencies with the significant technological disruption and

January 2022 | Volume 10

potential gains that altcoins represent. Through its investment in New World, Graph also exposes its shareholders to the rapidly growing and emerging NFT market.

Statements about the future This news release contains "forwardlooking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the continued growth of the art-focused NFT market. Forwardlooking information in this news release is based on certain assumptions and expected future events. These statements involve known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements, including but not limited to:

Increased competition in the art-focused NFT market. The potential future unviability of the NFT market in general and the art-focused NFT market in specific. Readers are cautioned that the preceding list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions, or expectations upon which they are placed will occur. Although considered reasonable by management at the time of preparation, such information may prove incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations of the date hereof and are subject to change after that. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or developments, or otherwise or to explain any material difference between subsequent actual events and such forward-looking information except as required by applicable law. The CSE does not accept responsibility for the adequacy or accuracy of this release. Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. News File

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Are you interested in donating to charities in crypto? People are willing to give, but they're not being asked. Leslie Albrecht

ith some eye-popping gains, cryptocurrency investors finish the year on a high note. One method of minimizing one's tax bill can also benefit the world, but most people are unaware of it. People can donate their money to any cause they choose with cryptocurrency, says one blockchain investor. Donating cryptocurrency to a nonprofit, donors can avoid capital gains taxes, reduce their taxable income, and avoid capital gains taxes.

Cryptocurrency is a revolution for philanthropy and nonprofits on many levels because it makes transferring funds faster and more secure. Cheaper, according to Anne Connelly, a blockchain investor and author of "Bitcoin and the Future of Fundraising: A Beginner's Guide to Cryptocurrency Donations." Approximately half (55%) of crypto investors don't know whether they can donate crypto assets to charity,

according to a survey conducted this past summer by Fidelity Charitable, a provider of donor-advised funds, a popular charitable giving tool. Of those crypto investors who had donated digital currencies, 44% said the process was challenging. The system is beneficial for humanitarian aid organizations working in areas with no viable banking system or in countries where certain groups, such as women, Continued...

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January 2022 | Volume 10

FEATURE Crypto Weekly

donations. Crypto Giving Tuesday — a fundraising campaign that ran alongside the international fundraising campaign Giving Tuesday on Nov. 30 — raised $2.4 million in grants for 1,007 nonprofits this year, up from 120 nonprofits in 2020, organizers said. The traditional Giving Tuesday raised an estimated $2.7 billion this year. If you're a crypto investor looking to donate some of your holdings, here are five questions to ask first:

Which charities accept cryptocurrency donations?

have difficulty accessing resources. The United Nations World Food Program, for example, uses blockchain technology to make it easier for refugees to receive food aid. One of Connelly's favorite examples of a charity using crypto is Code to Inspire, a computer coding school for girls and women in Afghanistan that accepts cryptocurrency donations and uses it to pay students for coding work.

after becoming the world's youngest known crypto billionaire at age 27. Two months later, the founder of the aid group that received the donation said only $20 million would be used due to difficulties in converting the cryptocurrency and complying with Indian regulations regarding the assets. After the announcement, the coin's value plummeted.

"It makes the process much cheaper and enables microtransactions in a way that isn't necessarily possible using credit cards, and it just gives people the freedom to donate their money where they want the right on the ground," Connelly said. Connelly noted that the rise of cryptocurrencies also means a new crop of potential donors sitting on wealth to the right charities. "There's generational levels of wealth that have come from this in literally a single decade. If someone had invested about $55 in Ether at the ICO [initial coin offering], they'd be a millionaire today," she said. "It's a massive community of people that are ready to give, but they're not being asked."

Donating crypto appears to be growing in popularity. Well-known nonprofits such as the Salvation Army, Toys for Tots, and Save the Children accept crypto

One recent example shows both the promise and the challenge of crypto philanthropy: The cofounder of Ethereum Vitalik Buterin donated $1 billion worth of Shiba Inu coin to COVID-19 relief in India in May, weeks

January 2022 | Volume 10

Connelly said some studies have suggested that less than 4% of charities accept crypto donations, but the number is increasing. Fidelity Charitable, the largest provider of donor-advised funds in the U.S., started accepting bitcoin in 2015. This year it had received $158 million in cryptocurrency assets as of the end of September, a 464% increase from the same period in 2020. Now, well-known nonprofits such as the Salvation Army, Toys for Tots, and Save the Children get it. One quick way to find nonprofits that accept crypto is through platforms such as The Giving Block and Every.org, which specialize in connecting crypto donors with charities and streamlining the donation process. A word of caution: Some charities may need to outsource the handling of cryptocurrency and may charge the donor a fee because of that, so donors should ask about this before proceeding, said Tony Oommen, a vice president, and charitable planning consultant at Fidelity Charitable.

What kind of tax break can I get for donating crypto? Donating cryptocurrency can potentially give donors a double tax benefit: They can avoid paying capital gains taxes and reduce their taxable income because they can deduct the total market value of the crypto. But make sure you pick the right assets, Oommen told MarketWatch. "It makes sense to cherry-pick the assets with the most unrealized gain to donate to

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Crypto Weekly

maximize the benefit of a tax deduction as well as a tax exclusion," he said. The great thing about exclusion is that, since income does not appear on the taxpayer's 1040 return, it is not subject to adjusted gross income limitations and can be an advantage regardless of whether the donor itemizes.

Will I have to get my crypto donation appraised? Cryptocurrency is classified as property, not as publicly-traded security, by the Internal Revenue Service. Oommen told MarketWatch that for donations of a cryptocurrency over $5,000, "tax rules stipulate that the donor must obtain an independent, third-party appraisal of the donation's value to support the deduction they will claim for the tax year in which the donation was made."

appraisal costs $600, there is no charge for donating the stock. Oommen noted that the relative tax savings for donating the bitcoin would have to be higher than the $600 valuation cost to justify giving the bitcoin rather than the stock. 'For people in cryptocurrency, they believe in its ability to create change.' — Anne Connelly, a blockchain investor, and author

When is the best time to donate crypto?

A donor was deciding between publicly-traded stock and Bitcoin BTC.

Don't make the mistake of donating cryptocurrency that you've owned less than 12 months, Oommen said. "While this is not specific to cryptocurrency, many crypto investors have had significant short-term gains and might think about donating crypto held less than a year," Oommen said. "The problem with that is that the asset needs to have been held long-term for the donor to be able to claim a charitable tax deduction for the full fair market value. Donations of appreciated short-term assets are limited to a deduction value 'at cost basis'" — in other words, the original value of the asset, before its value may have increased.

Unless the bitcoin appraisal costs $600, there is no charge for donating the stock.stock.stock. Unless the bitcoin

As a result of cryptocurrency volatility, there is also a timing question to consider. Although cryptocurrency

Oommen said donors should consider the appraisal cost when deciding whether to donate crypto or another type of asset. To claim a tax deduction, donors do not need appraisals for donations of marketable securities.

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ome charities may need to outsource the handling of cryptocurrency and may charge the donor a fee because of that, so donors should ask about this before proceeding, said Tony Oommen, a vice president, and charitable planning consultant at Fidelity Charitable trades 24/7, nonprofits may only sell the cryptocurrency during business hours. Adding cryptocurrency to a charity's online wallet late on a Friday might not be sold until the following Monday, and the price might have dropped drastically over the weekend, leaving less for the charity's mission than the donor expected," Oommen said. When nonprofits receive cryptocurrency, they usually sell it as soon as possible. The donor should ask the charity before donating if this is a concern. Some crypto evangelists would feel better about their donation if they knew the organization would hold on to the crypto either as an investment or as a tool for helping it provide its services, for example, overseas. According to Connelly, cryptocurrency users believe cryptocurrencies can create change. Rather than merely accepting it as a business method, donors should consider whether they are "as serious as this cryptocurrency's potential for change."  Marketwatch

January 2022 | Volume 10

FEATURE Crypto Weekly

Top 3 Ethereum-based Coins to Watch in 2022 Oluwapelumi Adejumo The year 2021 was undoubtedly a year of maturity for the crypto industry. The sector saw more investors than in previous years as it launched new coins and exchanges. Above all else, it was the year we saw crypto adoption skyrocket. The Bitcoin market dominated the year 2021, hitting an A.T.H. of $69k in November, but altcoins recorded some level of substantial growth as well. Surprisingly, many Ethereum-based coins, such as ETH, outperformed BTC in the market, resulting in BTC's dominance declining from over 70% to under 40% today. A brief explanation of Ethereum Blockchain The Ethereum blockchain, a decentralized blockchain with smart contract functionality, was created in 2015 by Vitalik Buterin and two other programmers. Bitcoin has been positioned as a store of value, while Ethereum has been positioned

January 2022 | Volume 10

as a platform for decentralized applications. Web 3 is, therefore, its nucleus. Currently, there are almost 3000 decentralized applications on Ethereum, according to the current state of dApps. Despite the current bear market, a bull run in altcoins, most notably Ethereum-based cryptos, is expected to produce solid returns for investors this year.

Here, we bring you the top 3 Ethereumbased coins to watch out for in 2022:

Ethereum (ETH) We can't talk about Ethereum-based coins without discussing the world's second-largest cryptocurrency by market capitalization, Ether. ETH had good growth in 2021, gaining more

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Crypto Weekly

than 500%. It began 2021 at $733 before soaring to an A.T.H. of $4.8k in November. As earlier mentioned, its growth outpaced Bitcoin throughout last year's quarters. Although it currently trades below $3,500, the major altcoin still has room for growth. Ether has a more significant relationship with DeFi and the metaverse than other coins, which will ultimately help boost its price in 2022. The chain's highly-anticipated ETH 2.0 will also play a massive role in the crypto's value. The asset is currently trading for $3,376 and has a market cap of over $400 billion. Though the implementation date remains unknown, the upgrade will make the chain more scalable, less energyintensive, and have reduced gas fees. If this goes as anticipated, it will allow more projects to be built on the network, thereby boosting its price performance for the year.

Polygon (MATIC) Co-founded by India's crypto billionaires Sandeep Nailwal, Jaynti Kanani, and Anurag Arjun, MATIC is the native currency of the Ethereum Layer2 scaling solution Polygon. It is a multi-chain ecosystem integrated into Ethereum to solve high gas fees and interoperate the blockchain with other networks. MATIC gained more than 11,026% in one year, making it one of the top-performing cryptocurrencies of 2021. Thanks to increased activity on the network, the crypto's value have increased from 2 cents to $2 in less than six months. At press time, Polygon is trading for $2.40 and is the 14th largest cryptocurrency by market capitalization, valued at over $15 billion.

Decentraland (MANA) What makes Ethereum a superb network is the diversity of platforms running on its ecosystem. One of the best performing tokens on it is MANA, the native token of a virtual reality platform, Decentraland. On the platform, users can buy virtual lands where they can build, navigate and monetize. The venue was created

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The use of smart contracts is one thing that drives up the value of LINK. The more smart contracts are used, the higher the value of LINK. Although it is currently consolidating between $44 and $48, The crypto's value has doubled from a year ago, hitting an A.T.H. of $51.17 attained in May. by Ariel Meilich and Esteban Ordino and launched in 2019 after an I.C.O. in 2017. It became open to the public in 2020. The Decentraland tokens are LAND, a non-fungible token, and MANA, an ERC20 token. On MANA, users can purchase wearables, avatars, names, etc. MANA was one of the best-performing assets of last year, increasing over 2000% in value. It is currently valued at $3.09 and has a market cap of over $4 billion. Given the renewed interest in NFT and metaverse-related projects, it doesn't look like the growth will stop.

Uniswap (U.N.I.) Uniswap is a decentralized exchange on Ethereum where users can swap ERC20 tokens. It uses an automated market maker to enable crypto swapping without an order book. In this model, the liquidity providers deposit their tokens into smart contracts. The liquidity pool automatically determines the price quote allowing the providers to earn 0.3% of trading fees. Hayden Adams founded the protocol in 2018, and it has grown to become one of the biggest DeFi platforms. U.N.I. is the governance Token and was introduced through an airdrop in September 2020. Token holders are the decision-makers on the platform and vote through their tokens. At the start of 2021, U.N.I. was worth less than $5, but by December, it was $17. This growth pattern only goes to show its long-term value. Even though it has

dropped recently and currently trades at around $16, it's still one of the top 25 cryptocurrencies. It has a market cap of over $10 billion.

Chainlink (LINK) Source: FXEMPIRE Chainlink is an Oracle network created by Sergey Nazarov in 2017 to improve Ethereum smart contracts by integrating real-world data into online systems. Simply put, Chainlink is an Oracle data provider that uses LINK as its native currency. The use of smart contracts is one thing that drives up the value of LINK. The more smart contracts are used, the higher the value of LINK. Although it is currently consolidating between $44 and $48, The crypto's value has doubled from a year ago, hitting an A.T.H. of $51.17 attained in May. Its market cap is currently around $12 billion.

These are the reasons why you should pay attention to them All these cryptocurrencies reflect the best functionalities of Ethereum. These include its smart contract, decentralized finance, and its metaverse capabilities. Chainlink is integral to Ethereum and is further expanding to other blockchains. This will only increase the value of LINK. On its own, Uniswap has already established itself as a top dog in DeFi. But it's also expanding and recently deployed its v3 on Polygon. For Decentraland, the growing interest in the metaverse will positively influence its token value. Judging by the use cases of these coins, we expect a significant return on investments for them this year. However, despite the market correction in 2022, there is still much potential in the crypto industry. These Ethereum-based coins may experience price swings due to the pandemic and increased regulations, so invest wisely and only invest what you can afford to lose.  This article was initially posted on F.X. Empire.

January 2022 | Volume 10

HIDDEN GEMS Crypto Weekly

PROJECT 1

FuddoxxToken

FudDoxx Token (FDOX)

FudDoxx

Building on security, FudDoxx offers a wide range of services to benefit the entire crypto space. The team has compiled a list of projects that have passed their extensive verification process. FudDoxx offers doxxing services to bridge the gap between investors and developers. The doxxing info received by the team is securely stored for use in the event that a project scams, and is proven as far as possible, then that information would be released to the public and authorities. FudDoxx Audit service goes beyond the detailed analysis of solidity code. Not only tearing apart the smart contracts, but their risk assessment factors in the audited projects vision, team, maturity, funding, and community.

name a few. The simple navigation process streamlines buying and selling digital art.

The FudDoxx team has also incorporated a beautiful, userfriendly NFT marketplace in their ecosystem, (see for yourself, FudCoinNFT.com), where you will find everything from pixelated images, audio, video, and unique sports memorabilia NFT's, to

FudDoxx Token (FDOX) launched on Binance Smart Chain with a total supply of 100 trillion and has 328 holders at the time of writing. A 12% tax is attached to every transaction which breaks down to 7% LP, 3% marketing in BNB, and 2% native reflections.

PROJECT 2

dexioprotocol.com

Swap platform: Complete (Swap.FudDoxx.com) Staking and Farming platform: In development ICO launchpad: In development With so many avenues for continual success in crypto, FudDoxx truly covers every base with their comprehensive suite of revenue-generating, and security, features.

Dexio Protocol (DEXI)

dexiochat

It’s estimated between 3-4% of the world population is engaged with cryptocurrencies or blockchain technology in some way, and that number continues to grow. Dexioprotocol plans to help that growth through a medium most of the world is familiar with: Gaming. With a complete ecosystem of play-toearn games, Dexioprotocol wants to introduce the world to the possibilities of blockchain technology. Their aim is to become the industry standard in Augmented Reality (AR) application development, in addition to revolutionizing blockchain-based gaming, launching the most user-friendly NFT platform found

January 2022 | Volume 10

Fuddoxx doesn't stop there!

dexioprotocol to-date, and developing their own blockchain network and swap exchange. This isn’t a new project trying to build hype before delivering. Dexioprotocol has been quietly shaking up the blockchain space and setting itself apart from the rest since May 2021. In seven short months, they have successfully released: Dexi Wallet, its digital wallet available now on the Apple App Store and Google Play

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HIDDEN GEMS

Crypto Weekly

PROJECT 3

incomeisland.org

Income Island

incomeisland

Income Island Token is a one-of-a-kind concept, developed to make anyone generous stable profits on a daily basis. The integrated gaming system uses blockchain technology which will allow anyone to earn a passive income whilst having fun at the same time. In addition, you may buy and own a personal mining plot and even more than one to generate an income. You may rent out your plots to other players and earn NFT’s offering extra Island Tokens every time someone sells, meaning you earn an income while you sleep. As Warren Buffet famously said “If you don’t find a way to earn money while you sleep, you will work until you die!"

PROJECT 4

agromatic.io

Through the ongoing development, Income Island will strive to make sure that the ecosystem is a safe and friendly environment to earn a passive income for the long term. Income Island Token, is not just all about the great rewards, it also has a great, doxxed, and highly dedicated team that is supported by a steadfast and strong community. The fundamentals for the ecosystem were created through Income Island`s global team and consists of both volunteers and working professionals from all over the world with skillsets ranging from web development, marketing, Dapp creation, and many other entrepreneurs willing to deliver a stellar financial product to the Income Island community. The Income Island Token is a revolutionary coin, created to be a safe.

Agro-Matic (AMT)

agromatic

Agro-Matic is a decentralized system that aims to accelerate the adoption of cryptocurrencies in Africa while connecting the world to the various natural resources on the continent and helping generate passive income streams through Defi, Lending, Staking, and Yield Farming. Agro-Matic is built on the Polygon (Matic) Blockchain. Polygon

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incomeisland

agro_matic?s=09l is one of the fastest chains. Through investment in crop and livestock farming, a charity for farmers, and lots more, Agro-Matic intends to use technology to create massive job opportunities and accelerate the ease of investing in agriculture through investment in ease of access. Agro-Matic tokenomics, is made of provision for charity, development, and marketing, which work in tandem to achieve company goals.

January 2022 | Volume 10

NEWS Crypto Weekly

According to reports, a Brazilian mayor put 1% of the city's reserves into Bitcoin

t Rio Innovation Week, Rio de Janeiro Mayor Eduardo Paes discussed Bitcoin with Miami Mayor Francis Suarez. Mayor Eduardo Paes wants to invest 1% of the city's treasury in Bitcoin (BTC), according to Cointelegraph Brazil. According to a local news agency

O Globo report, Paes outlined plans for "Crypto Rio," or turning the city into a cryptocurrency hub.

discount on property tax in Brazil on payments with Bitcoin. "Let's study the legal framework to do this," he said.

On a panel with Miami Mayor Francis Suarez, a Bitcoin bull who started accepting payments in BTC in November 2021, the mayor of Rio discussed the city's cryptocurrency ambitions. Crypto Rio will invest 1% of the government's treasury in cryptocurrency, Paes reportedly asserted, adding that the state also plans to introduce tax exemptions for the industry.

The news comes as the Brazilian government increasingly warms its stance on Bitcoin and the cryptocurrency industry, with Federal Deputy Luizão Goulart proposing a bill to legalize crypto as a payment method for public and private sector workers in November. In December,

The panel also included major Brazilian officials like City Finance Secretary Pedro Paulo, who noted that the administration is considering a 10%

MercadoPago, a major crypto payment firm in Brazil, enabled Brazilian residents to buy, sell and hold major cryptocurrencies like BTC and Ether (ETH). Coin Telegraph

The company will close almost the entire operation during this year's recharge weeks Hannah Towey

The cryptocurrency exchange platform Coinbase is giving employees 4 "recharge" weeks off this year. Nearly the whole company will shut down approximately one week per quarter to avoid work piling up. The goal of the time off is to balance out the company's "intense work culture" and long hours.

January 2022 | Volume 10

Bitcoin and crypto company Coinbase is providing employees with four weeks off this year in order to balance out its "intense work culture," according to a blog post written by the company's chief people officer, L.J. Brock. During employee "recharge weeks," nearly the entire company will shut down to avoid work piling up. Firm-wide vacation is distributed approximately once every three months. Brock noted that Coinbase is a "winning team, not a family" and often works long and unpredictable hours. "Coinbase is probably the most intense place we've ever worked," the post says. "The current climate in crypto amplifies this intensity, and it often means long days and long weeks." The cryptocurrency exchange first experimented with recharge weeks

in 2020 after discovering that many employees didn't want to force their teammates to cover for them or fall behind. "We don't promise 9 a.m. - 5 p.m. hours or 40-hour work weeks - because that's what it takes to get the job done," Brock wrote in the company announcement titled "Working at Coinbase: Intense and demanding, balanced by deliberate recharge time." More than half of Coinbase employees cited recharge weeks as their primary source of rest and recovery. Workers have the option of working remotely or in person at the company. Read the original article on Business Insider

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BEGINNERS GUIDE Crypto Weekly

Understanding Crypto Exchanges Cryptocurrency exchanges come in various shapes and sizes, but they all have one thing in common: they are platforms where you can buy and sell cryptocurrencies. The market determines the prices of the currencies on these exchanges, and you can convert cryptos to fiat currency and withdraw them to a bank account.

Key Exchange Features To Research Access Location, location, location! Due to state or national regulations and depending on where you live, you may not be able to buy and sell crypto on certain exchanges. Cryptocurrency exchanges are currently facing a lot of regulatory uncertainty in the United States and other countries. Some nations, like China, have imposed outright bans on their citizens' access to crypto exchanges.

Authentication An additional layer of security, two-factor authentication, requires confirming your identity each time you log in with a unique code you receive by text message. This extra step can help protect your account from unauthorized access. Most major platforms offer this feature.

January 2022 | Volume 10

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Insurance While some exchanges keep any holdings in U.S. dollars you have with them in FDIC-insured bank accounts, FDIC insurance does not apply to cryptocurrency balances. However, some exchanges do have insurance policies covering your crypto assets should you lose them due to fraud or theft.

Storage There are two schools of thought when it comes to storage for cryptocurrency. One camp believes in the "not your keys, not your coins" adage, whereby you hold both your private and public keys associated with your crypto holdings yourself rather than trusting them to an exchange. In the future, when you know more about storage options or have a more significant holding, you might choose to keep your crypto in your own wallet. Just make sure the exchange you are using allows you to move your coins off their platform!

Fees To most people, high fees can be a turn-off, but there are often many benefits that go along with them. It is important to note that the easier an exchange makes it for you to buy cryptocurrency, the more they are likely to charge fees to cover that cost. Offering stellar customer service or providing insurance coverage can also add to their bottom line and be recouped in fees. You have to ask yourself if the higher fees for more protection and peace of mind are a tradeoff worth making while dealing with the more popular and established exchanges. Some exchanges charge fixed fees, while others are based on a percentage of your trade. There are even some exchanges whose fees fluctuate based on price volatility. Fees can also differ depending on if you are the buy or seller or vary by coin/token so make sure you know the exchanges fee schedule before getting started!

Trading Volume Another critical consideration is trading volume; this will ensure your crypto holdings remain liquid, and you can quickly sell them if needed. Low volume exchanges may give you fewer exit or entry points in your desired price range, meaning you may have to buy or sell at a less than ideal price because there are just not enough traders on the platform willing to pay your desired price.

Cryptocurrencies Available

As always, DYOR!

While there may be thousands of cryptocurrencies, those available on any given exchange can vary greatly. Bitcoin and Ethereum, being the standard-bearers, can often be found no matter the exchange but most small market cap altcoins may be harder to find. Being harder to find should serve as a reminder of how speculative and risky these altcoins can be. The golden rule is never to risk more than you are prepared to lose!

When it comes to crypto, learning as much as you can before investing in crypto is one of the most valuable things you can do to increase your chances of success. Research the exchange until you become comfortable understanding how fee structures and security measures are implemented. How easy is their platform to use? How about their app? Is support any good? Being educated is essential, especially when investing your hard-earned money into a potentially volatile asset!

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January 2022 | Volume 10

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Manifest Performance indicators, balance sheets and regulator guidelines are not the most appealing things to hear about in crypto, but it's necessary for us to operate correctly. Bouncing off of that, there is a certain appeal to a crypto that has its ducks in a row. Countless projects are removing general quality and value from their project and replacing it with marketing and high spirits. We are happy to get people pumped up about crypto, but it has to be done the correct way. For example, you want to tell people key things of what to look for when considering their vote of confidence in that particular crypto. Who is the team? Previous quality projects completed? Are they purely marketing? Is the use case frantically thought of or flimsy? Does the team have a vision of expansion in the future? Does the project rely on people's addiction?

Of course, this isn’t financial advice, but we feel you should have a checklist that you are checking off when you inspect a project. This can be as vast as you want it to be and ultimately can be tuned to your liking. This can be personal auditing procedures or standardized trading strategies. These steps take time to curate correctly and can benefit the user greatly. A simple checklist. Of course you can bend your own rules, but these rules protect you from overvalued and hollow projects. The goal of most of the projects we currently see is short term, under established and widely false. Crypto is fast, this doesn't mean you can forget the key factors of a trade and fundamentals of crypto. Never mistake a tax on a taxation token as a use case or utility.

All that brewing has ultimately led to the market's sour taste and low level mentality. The key to leveling the playing field is a short and sweet one, actually educating people on crypto. A lot of projects will detest what we have to say about them in a formal audit. We have decided to audit any project or firm that audits us, to help people better understand the process. As we pay for more intense auditing services, we can perform even deeper audits of these projects. Meaning, we will bring you the truth. This is going to make us naturally unpopular, we are crypto veterans, we will be alright. We buy the dip!

In summary, don't trust us, or anyone else until you know their tokenomics and team. This is the most basic level of understanding the project. Please make efforts to learn more about the cryptocurrency space overall. We will be in the telegram often to answer people's questions. We don't allow posting of other projects in the group, but if you bring your checklist to us, we can help refine that with you.

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Bill Gates has placed all of his bets on Metaverse Office Space Gates recently published a collection of end-of-year musings, containing several thoughts on technology, including his predictions for the metaverse office.

Kristi Waterworth Here are some key points:

Gates was recently asked how the metaverse could be used for business purposes.

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He supports companies creating collaborative workspaces within the metaverse, where teams collaborate in shared spaces.

Various metaverse platforms are already starting, but it's not too late to get in before all the good offices are gone.

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t this time of year, people reflect on the past and speculate about what may happen in the future. Bill Gates is no different. A significant portion of Gates' 2021 year in review, titled "Reasons for Optimism After a Difficult Year," dealt with crucial topics such as the pandemic, vaccines, the Ever Given incident in Suez, as well as emerging technologies. The idea of metaverse real estate really excites him—specifically, the possibility of digital office space.

Office occupancy rates based on Gates' vision for offices Gates doesn't hold back. In fact, he's enthusiastic about the office future that the pandemic has created. Although he writes that he's confident that companies will ultimately end up with some kind of hybrid office return plan if and when it becomes safe to do so, he also believes that the metaverse is the future of remote office work. "The most common form of the virtual meeting will move from 2D camera image grids to the metaverse, a 3D space with digital avatars within the next two or three years, I predict." Gates made this prediction long before the Omicron strain of Coronavirus came to light, at a time when Kastle's Workplace Occupancy Barometer was stabilizing at 40% worker occupancy for its 2,600

Bill Gates is all in on metaverse office space, and so are a lot of large companies. The best time to have purchased real estate in the metaverse was six months ago, but the second-best time to get in on this office wave is now. buildings. By December 22, that number would fall to 30.3%, and in the last week of December, only 17.5% of workers had swiped in. Even so, this is a pretty substantial drop, even with the holiday season to blame. Metaverse offices are becoming physical. Gates was right about something else, too. Lots of businesses are rushing to the metaverse in an attempt to serve their customers better and encourage their teams to be together, even when they're in different physical spaces. Both PricewaterhouseCoopers and Prager Metis International LLC have recently started construction on new branches in the metaverse. PricewaterhouseCoopers will be working with metaverse-based customers in The Sandbox; Prager Metis will be doing real tax and accounting from Decentraland. Although Gates' office future includes completely immersive experiences that require headsets and other equipment,

these two financial leaders build their virtual structures in environments easily accessed through a primary computer. Office workers seem to be resistant to the idea of being locked into their computers all day as they work, but they certainly don't mind the virtual environment itself. For example, eXp Realty has held meetings and other significant events in its Virbela space for years now, and most Realtors seem to appreciate it. Virbela is a dedicated office platform, unlike Decentraland and The Sandbox, which are whole communities with their own economies; however, it serves as an excellent proof of concept for metaverse office spaces and has been in use since 2012.

Office metaverse real estate is the next hot market Although just a few companies are currently online in the metaverse, their numbers are growing. With Omicron being a constant threat to workers' safety and security, businesses are scrambling for a solution that both keeps workers together in a communal space and gives them the safety they need as the pandemic rages on. Rather than lose workers to endless sick days, virtual workplaces are a solution that keeps everyone busy and productive. There's a huge opportunity here for metaverse real estate investors, especially those who are looking to expand beyond advertising or retail. Office spaces that are ready to go will be highly desirable to smaller businesses that can't necessarily justify buying metaverse real estate, hiring architects, designing custom office space, and so forth. Instead, a plug-and-play office environment, similar to Virbela but in more familiar metaverse platforms, like Decentraland and The Sandbox, will be the go-to solution for many. Bill Gates is all in on metaverse office space, and so are a lot of large companies. The best time to have purchased real estate in the metaverse was six months ago, but the second-best time to get in on this office wave is now.  Fool.com

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Is there an investment opportunity in the Metaverse? That is the question that needs to be answered. Evan J. Mayer

uring the past five months, you might have heard someone mention "the metaverse." That might be true from a timing perspective. Many people over 40 became aware of "meta" when Facebook changed its name to Meta. At the time, it was thought to avoid the bad publicity the company was receiving. The name change reflects where they want the world to go or what they want

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to achieve. For the last couple of years, before Facebook changed its name, I have read about this concept and dismissed it, never considering how it could be implemented in practice. I have, however, been reading a lot on this subject over the last five months and talking to many people who have a much better understanding of it than I do!

How Does the Metaverse Work? First of all, this isn't a new idea. In 1992, Neal Stephenson coined the term "metaverse." In 2011, Ernest Cline's Ready Player One brought it to the forefront as technology caught up. Nevertheless, companies such as Google, Apple, Facebook, Microsoft, and Amazon have spent billions creating this Metaverse

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Still, imagine being on a cruise while choosing between two! Would that help you decide? Attend a staff meeting with seven other employees. All of our work from home and put on our goggles. When I look around, I can see everyone. Their arms are visible, as are their facial expressions, and it feels like we are in the same room. I have to look at separate boxes while speaking in meetings using meeting software. Would you mind if I saw everyone as if they were in the room with me? That would mean missing out on the free coffee and donuts. Wouldn't it be nice if we all had our coffee and donuts? Opportunities abound. Travel, banking, parties, gatherings, and so on are all on the horizon. The Metaverse is the perfect place to watch a football game with friends. In the online store, you will be able to try on an outfit while looking in the mirror. Would it not be more convenient if you could see someone ready to assist you directly on a website rather than having to use the chat feature? There is no end to the possibilities.

in the last three years. A metaverse is a network of 3D virtual worlds that focuses on social interaction. Currently, the concept is to wear goggles with earpieces attached to them. Then, you can connect your phone or computer to them. The possibilities are endless. Here are a couple of examples. Let's say I had to choose between two cruise ships. They are going to two different destinations. By wearing this headset, I could walk the ship's decks, see the other floors, find out what activities were available, and see my room. After seeing the ports, I could get off the ship and explore them. During the sunset, I was even able to relax. Since the wind and smell wouldn't be there, it wouldn't be the same as the real thing.

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Magalu, a Brazilian omnichannel retailer, is launching a streaming music service that will sell musical instruments. This initiative has repercussions across the global music and entertainment industries. Children between the ages of 8 and 17 have likely heard of the online platform Roblox. The concept is already clear to the kids, so they are buying in. They are already growing up using this technology. There, my two young girls hang out with their friends. Play tennis, play burger stands, do their hair, and visit each other's 3D houses. Though I monitor where they go, it's better to be safe than sorry.

What are the best ways to invest in the Metaverse? While I wonder when and how quickly some of this will catch on, many of those I spoke with who are knowledgeable in this field think it will happen now or within the next couple of years. Over the next three to five years, it will become

the norm. Is investing the right strategy for me? Microchips and processors are very valuable due to their incredible computing power and speed. In the last two years, these sectors have performed phenomenally, and in my opinion, they should continue to do so. Commercially, cloud companies are also getting into this business, investing billions of dollars in their infrastructure. Cloud companies typically target businesses. Many companies are pouring billions into the Metaverse on the personal use side. Apple's headset is currently rumored to be coming out later this year. Facebook gave us what they believe the meta-universe will look like when they announced their name change a few months back. As mentioned earlier, Roblox has been getting the kids involved in creating their own games and allowing other youngsters to play others' games. Many small companies are popping up, too, and some of these could eventually be acquired by the more prominent companies. The infrastructure takes time to build, which is why these larger companies might be way ahead today compared to the smaller companies.

Conclusion When I was a younger advisor, I used to say that it takes a younger advisor to think outside the box and see what is coming. In my 40s and over 20 years in the business, I have seen fads come and go and technology not be where it needed to be to make sure things work. I have gotten in on some "new ideas" and made tremendous timely decisions. I have also been late to the party, like in blockchain and what it can do regardless of cryptocurrencies. While the older, wiser advisor in me still says we will not be "living" in the Metaverse, the new school advisor in me sees this as an added benefit to the real world as well as an alternative. Younger people are growing up with this, and it is becoming a part of their lives, for better or worse. I know that regardless of how big this gets, it is coming. 

January 2022 | Volume 10

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Virtual worlds depend on the basic building blocks of life to function Steve Alexander

January 2022 | Volume 10

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The transitions between experiences will need to be seamless, with no reboots, loading times for operating systems or applications, or network congestion. Virtual life seems just as challenging as moving to Mars when you have to accomplish all of this. The journey to our new virtual world doesn't have to be frictionless. Our basic building blocks for virtual life need to be put in place. In the metaverse, we can now create a home for our virtual selves, a place where they can thrive, not just survive.

The key is bandwidth To make this work, we'll need a lot of bandwidth. Without bandwidth, we could not survive in the metaverse as we do in the real world. Metaverse applications demand high-performance connectivity that can handle the various demands of bandwidth-hungry applications. Virtual worlds are often envisioned as the place where everyone can create and explore equally. In order to better support our underserved and underconnected communities, we must first ensure that the real world is connected on an equal footing with the metaverse. That bandwidth must be affordable and widely available, as well.

Air is as critical as low latency.

he mission of Meta is to seamlessly connect disparate environments like work, social media, and gaming so people can effectively live and work in the virtual world. The impact on our networks will be significant and sustained. The purpose of being constantly connected, without lag, isn't just to be able to stream content seamlessly in 4K and 8K, with minimal latency and lag.

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Having a high bandwidth is one thing, but having an avatar that takes several seconds to respond is unfriendly and annoying. Lag is already frustrating when streaming live sports or gaming online, which will only increase when we are immersed in a virtual world. Networks that require real-time responsiveness will need to use technology such as edge computing, which reduces network latency and improves reliability.

Metaverse infrastructure: Virtual hardware There are times when hardware breaks, and we need to fix it. During that time, we had to survive without whatever function that hardware performed. This cannot happen in a metaverse - or at least

it shouldn't since many tasks required by a metaverse can be virtualized. Virtual machines and containers can be used to deploy infrastructure functions across the network at scale and in real-time, just as apps can. Routing and switching are classic examples of network functions that must fully be virtualized. They need to be easily updated, upgraded, patched, and deployed.

The mayor of the metaverse: Software intelligence It must be software-defined for the metaverse to operate seamlessly and quickly. It's like a city or county government repairing our roads, removing trash, and controlling traffic flow in real-time. We often experience this in real life today without realizing it until we stop using the device and wonder what happened. With the help of programmable software capabilities, automation and AI can help speed up the release of network rollouts, making them more accessible and adaptive. Without the need for physical truck-rolls, an adaptive virtual programmable network can identify a fault and selfheal. Using underutilized resources can boost other metaverse areas that are experiencing an increase in activity and revert automatically when necessary. Over the next few years, we will hear a lot about the metaverse, but any innovation in use cases cannot occur without network innovations. Future metaverse applications will need software-controlled, highcapacity, low-latency connectivity even more than they do today. We can make a virtual universe more real by investing in network infrastructure and innovation. The foundation for a hospitable metaverse has already been laid by Facebook. In the future, Meta will have more tools available to create worlds as those technologies continue to advance - driven by expected increases in creation among tech developers.  Tech Crunch

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NEWS Crypto Weekly

The potential of NFTs has barely been explored despite the fact that they have tremendous potential Yaёl Bizouati-Kennedy

onfungible tokens are predicted to become an integral part of all marketing and digital strategy initiatives in the coming years - and even more so. Earlier this summer, CNN and The New York Times warned the nonfungible token (NFT) bubble, driven by inflated prices for digital art and collector interest, may have already burst. After working for a social media company acquired by Google in 2012, Wildfire, I'm all too familiar with skeptics and precautionary tales. Based on my experience in the entertainment, licensing, and blockchain industries, it could be positive if the so-called NFT

bubble bursts. Our industry is in its infancy right now.

NFTs: An industry worth exploring The public's attention shifts from one trend to another, so it is not surprising that NFTs' otherworldly popularity would eventually decline. NFTs present us in the industry with a unique opportunity to explore the many doors that will open to creators, IP owners, and consumers alike. In a market where brands are looking for new audiences, NFTs are becoming a bonafide marketing channel. Once NFTs

gain more mainstream recognition beyond the initial swell, creators will have the ability to reach more and more users. Platforms like Telegram, Twitch, and Discord have already demonstrated the many ways to create and nurture a fan base. Just imagine what a robust NFT marketplace will add to this growing movement. NFTs can function as guardians of intellectual property rights as digital certificates of authenticity. The NFT space will ultimately look like the music publishing model. Music publishers and songwriters amass catalogs of copyrights that deliver a persistent Continued...

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Income Island Phase 1.5 METAVERSE January 2022

FORGET THE ROCKET, DON’T MISS THE BOAT!

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stream of royalties in perpetuity, driving long-term valuation. Creating a management platform that allows IP owners to manage NFT transactions (think business intelligence, analytics, and CRM capabilities) is on the horizon. NFTs also serve as digital passports, completely revolutionizing the fan experience and reimagining the idea of the fan club for artists, brands, and IP owners. As the world fully opens after the COVID-19 pandemic, fans will use their NFT portfolio to unlock behindthe-scenes offers, VIP experiences, and special meet-and-greets. Given that digital assets, like tangible goods, are based on the economic principles of supply and demand, scarcity will enhance value and increase the number of consumers and digital natives who seek to get in at the ground level. Additionally, proximity-based NFTs will drive experiences, both offline and online.

NFTs: Moving forward The future of NFTs becomes increasingly potent as we in the industry continue to think first and foremost about fans and consumers. We must shift the attention of the media and consumers away from

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the six and seven-figure primary sales numbers to a focus on creating real value by infusing true utility into NFTs. We must focus on making smart, strategic collections of NFTs (as opposed to oneoff drops) that gain enhanced value over time as the utility of the NFTs purchased becomes increasingly evident to fans. The industry is rapidly evolving from what I consider to be NFT 1.0 — NFTs as digital collectibles — to NFT 2.0 — NFTs as storytelling vehicles. Projects such as Stoner Cats are the tip of the iceberg to leverage NFTs as access tokens to view exclusive video content. What excites me, even more, is NFTs as storytelling vehicles, where the NFTs are powered by deep gamification strategies and community layers and become critical components of a multi-platform, transmedia storytelling experience. At Wildfire, we were always aware that a rising tide lifts all boats. We made significant efforts to bolster our company and the entire social media marketing category. I feel the same way about the nascent NFT industry. Most importantly, NFT companies must remain steadfastly focused on the fans and consumers so that we avoid becoming an industry that sinks

under a perception of misguided cash grabs and short-sightedness. NFTs will become a fan's persistent passport and gateway to unlocking unique experiences — both online and offline. This will occur as NFT collections become more intelligent, more strategic, more gamified, and deliver meaningful utility that sustains long-term fan engagement. As the industry matures, people will become more sophisticated in how they think about NFTs and the ultimate value NFTs deliver for fans and IP owners alike. The utility will become increasingly crucial as fans and consumers seek better to understand the "so what" factor behind NFTs. So what that I own this NFT. . .what can it do for me? What benefits does it bring to my life? What value do I gain by holding this NFT, and how long will this value last? The industry will continue to take significant strides forward as key innovators in the space turn our focus to community, game mechanics, and narrative storytelling to drive real value and utility from the NFTs we bring to market.  cointelegraph

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