Weekly Market Update: The Emerging NFT Ecosystem and Government CBDC Adoption

Weekly crypto update -

crypto updates - NFTs

We are experiencing exciting times in the cryptocurrency and blockchain space – as such, It’s time for another weekly update in the crypto market. Crypto adoption with retail and financial institutions is at an all time high, and every day we hear of a new sovereign nation or government exploring digital assets as part of their monetary policy.  At the same time, metaverses continue to evolve and introduce new use cases with NFTs.  

Buy NFTs with a credit card, or bank transfers, and of course cryptocurrency.  FTX US has launched their new NFT marketplace, FTX NFTs, which will be a centralized and regulated marketplace following US regulations. NFTs are minted on the Solana network, but the marketplace has immediate plans to add Ethereum support. Coinbase, a publicly traded crypto exchange company, has announced its upcoming NFT marketplace, Coinbase NFT. Coinbase promises to offer “social features” as part of their uniqueness, bringing innovative uses to NFTs. 

NFTs with Intelligence, a metaverse full of AI avatars – After raising $16 million from the likes of Mark Cuban and Dapper Labs, Alethea AI is now focused on what they call Intelligence Mining. Training each Intelligent NFT (or iNFT) through competitions improves the intelligence of each and also of the network itself. Alethea AI calls this the ‘train-to-earn” model.

But wait, there’s more – NFTs have become a collateral asset. A number of loans now have defaulted resulting in the lender receiving NFTs that were given as collateral, worth thousands of dollars more than the loan. DeFi and NFTs have further narrowed the gap in-between each other and at the same time providing another utility to NFTs. 

The French central bank has been testing various Central Bank Digital Currency (CBDC) use cases in order to measure and identify benefits of the blockchain technology and its ability to settle central bank money safely and securely. The French’s latest CBDC trial involved over 500 institutions and used a system developed by IBM.

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New Book, DEEP CRYPTO, Demystifies The New Frontier of Finance

Cryptocurrency education book Deep Crypto

Cryptocurrency education book Deep Crypto

A day after the first Bitcoin ETF hit Wall Street, the founders of cryptocurrency education and investment firm Sarson Funds announced the launch of their new book, DEEP CRYPTO.

Written by Jahon Jamali and John Sarson, DEEP CRYPTO delivers a stark and powerful narrative about cryptocurrency and the technology behind it. From the origins of exchange, to the introduction of currency and through the discovery and growth of cryptocurrency, DEEP CRYPTO provides readers with a complete and thorough understanding of crypto and why it is having such a major impact not only financially, but also politically, and globally.

Sarson Funds has been at the forefront of cryptocurrency education for financial professionals and investors. Jamali, a former intelligence officer and technology professional, oversees the firm’s Cryptocurrency Financial Advisor Certification course. Sarson, the firm’s CEO, launched the firm with Jamali after a celebrated career working with financial advisors on Wall Street.

“DEEP CRYPTO brings an understanding of blockchain technology, cryptocurrencies, and digital assets to everyone – in a way that’s understandable, approachable, and that provides a historical context on how the history of money has brought us to the edge of this new financial frontier,” Jamali said.

DEEP CRYPTO demystifies the very concept of money and examines how cryptocurrencies, and it’s peer-to-peer connectivity, serve as the completion piece to the internet.

“Cryptocurrencies are a powerful force for freedom, and financial freedom is at the core of American values,” said Sarson.

DEEP CRYPTO is available for pre-order now at www.DiscoverDeepCrypto.com and scheduled to hit bookshelves after Thanksgiving.