Samsung and Apple get crypto crazy
Plus: Sports and crypto influence & NFT project red flags & more!
New to crypto? Cryptocurrency Basics is a 9 minute video that serves as a great intro to the world of crypto. It’s part of our Crypto and Web3 for Absolute Beginners course.
I’m not going to waste your time today with an intro… there’s too much good stuff for you to dig into! Go!
In this issue:
Samsung and Apple get crypto crazy
Sports and crypto influence
NFT project red flags to watch out for
NITRO! (3 can’t-miss things)
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Samsung and Apple get crypto crazy
Samsung is getting into crypto. At the smartphone makers Samsung Unpacked event, the company announced a new wallet, as reported by BeInCrypto:
The wallet was touted to be able to “access and explore complex digital products” such as cryptocurrencies. It can also securely store personal identification such as student IDs, driver’s licenses, and state IDs, plus digital house or car keys, credit and debit cards, boarding passes, and vaccination records according to reports.
And Samsung isn’t the only phone company getting ready to bring crypto to more people than ever. Cointelegraph reports on Apple Pay’s new Tap to Pay feature that turns iPhones into point-of-sale devices for businesses and merchants:
According to Apple, the soon-to-be-launched Tap to Pay feature will extend support to “Apple Pay, contactless credit and debit cards and other digital wallets.” It basically means that unless Apple places a direct barrier for it, customers who are using Coinbase Card, Crypto.com Visa Card or a similar payments card would be able to use their cryptocurrency holdings to make payments via Tap to Pay.
How many people buy Apple and Samsung phones? Right. Lots of new crypto users — incoming?!
I’ll just drop this here as well…
Sports and crypto influence
The first time I ran into InvestAnswers was watching an interview he did with Raul Pal (which was phenomenal btw). I thought his roundup into all the ways various sports teams and figures have been getting into crypto was fascinating and well done.
I have to admit there was a lot here that I was unaware of even though I had heard about the arena name changes, certain athletes getting paid in Bitcoin and more. One big takeaway that comes at the 12:30 mark in the vid: the real target for all this advertising could be, not retail investors, but… regulators. Hmm.
NFT project red flags to watch out for
William M. Peaster published a great newsletter issue with some red flags to watch out for when checking out NFT projects. Here’s his list in compressed form:
Indefensible mint prices
Sketchy social media behavior
Artificial floor maintenance
Abusive discord behavior
No audits
Bad design
Low-quality art
Selling allowlist spots
Totally anonymous team
Lack of track record
Unverified on Etherscan
Poor ownership distribution
He expands on each of the above bullets but one statement I found interesting was this:
Some of the red flags described above should be automatic dealbreakers, like abusive Discord behavior. Others, like totally anonymous teams, aren’t always consequential but in the very least are worth noting.
The reason I found this interesting was because I had just listened to Kevin Rose interview Hackatao — an anonymous crypto art duo who I had never heard of before (and whose art I would never personally want to own, honestly). The interview was short (around 8 minutes) and Kevin had to agree to use voice actors to help the duo retain their anonymity. What?! LOL.
NITRO!
News: Living on a volcano: The outlook of El Salvador’s crypto mining industry
Thread: A thread about my current view of the Spot $BTC market
See you next time! Don’t forget to check out Jasper!