Crypto's Progress In Politics — #10
This week is a glorious one for crypto. Aside from the never-ending stream of crypto donations to Ukraine, crypto is making astounding progress on the policy-making stage. Yup, the White House’s New Executive Order on crypto is a huge leap from denial to acceptance, which we will explore in a bit.
Politics aside, welcome back to ART HAUS WKLY. We’re on the 10th unit of this newsletter series now (apologies for the incorrect labeling on the previous one), what a long way we’ve come!
Now, let’s jump right into the stuff for today’s newsletter!
Before we talk about the Gnars updates, I would like to draw your attention to the Head of Haus’ personal Twitter page, @0xigami. Yep, we already have quite a few Twitter pages, so I’ll list them here for convenience’s sake!
ART HAUS (@artdothaus)
First and foremost, ‘grats to the winners of this week’s Grinderz comp!
Week 2 of the Grinderz competition has commenced once more. Top 3 on the leaderboard and a random will be picked to win prizes in ETH! All you need is a Gnar, a little bit of retro-gaming skills, and the prize could be yours!
On the side, Gami has also been making preparations for NFT.NYC. NFT.NYC is one of the largest IRL NFT conferences, bringing NFT culture to Times Square since 2019 (more info on that in our latest article, do give it a read!).
Here’s some Fingerboard goodness.
That’s all the updates for now, we have also improved on the UI of some Gnar sites, hope they look way cleaner now! If you haven’t already, feel free to join our Discord to stay in the know.
News Of The Week: The New Executive Order on Crypto
In the past few months, governments’ haven’t really been receptive to cryptocurrency adoption. From some countries placing heavy taxes on crypto gains, to others outright banning crypto, the past few months have been a time of uncertainty and FUD in the crypto world.
However, things are starting to take a turn for the better, probably because of Biden’s new executive order on Crypto. But why is this the case, and what does this order spell for crypto?
Breaking Down The Order
This Wednesday, an executive order on crypto was signed by U.S. President Joe Biden, calling for the government to explore the benefits of cryptocurrencies, and exploring various ways to use this tech responsibly.
While we know that policy-makers have been very much divided on cryptocurrencies, it seems that the United States is finally working towards embracing crypto.
The order addressed a few key points, including ensuring financial stability and protecting users of cryptocurrency against hacks and attacks in cyberspace. The White House also urges the Treasury to recommend certain policies on crypto regulation, ensuring a well-managed crypto ecosystem.
One of the reasons for embracing crypto is to boost U.S. competitiveness on the global front. While some countries have turned away from crypto, others like El Salvador have embraced it and reaped the financial and technological benefits.
Last but certainly not least, the United States is also exploring the idea of creating a digital U.S. dollar, taking advantage of blockchain technology to make day-to-day transactions easier.
What Does This Mean For Crypto?
In general, the executive order gives a positive outlook on crypto. We are seeing a shift in direction of policy-makers, from one that wants to completely ban the use of this “Ponzi scheme”, to a government that embraces blockchain technology and cryptocurrencies.
All in all, we’re bullish on crypto in the long run.
Andrew Yang, best known as a political candidate in the 2021 NYC Mayoral primary, is building a web3 community to voice out their thoughts in Washington DC. Introducing, Lobby3, a web3 space and DAO which aims to address various social issues in the U.S. - including poverty and climate change.
Do read this piece for more information on what Lobby3 is all about.
Lobby3: How Andrew Yang Is Getting Political About Web3
Toilet paper NFTs… who would buy those? Software dev Joshua Lapidus started the Rainbow Rolls project, and has decided to dedicate all the proceeds to various charities and initiatives. This NFT project has helped settle medical debts for low-income families, financing web3 communities, as well as donated 5 ETH to Ukraine DAO.
Do read on for more details on this truly bizarre campaign!
How Toilet Paper NFTs Erased $7 Million in Medical Debt for Low-Income Families
“Right-click” savers are a menace to the NFT community. One such example would be @BraidElaine on Twitter, who allegedly copied a picture of a Doodle, minted it on OpenSea, and claimed to be an owner of a Doodle NFT.
Here’s the full story of what exactly happened. Really, we need a better verification system to sift out these impostors.
Doodles NFT Imposter Changes Guises But Fails To Avoid Detection
World of Women would be launching the WoW foundation, with a $25 million grant from The Sandbox! This foundation aims to introduce more women into the NFT space and empower women in the web3 community. They will be focusing on four “pain points”, which you can find out in the article below!
World Of Women NFT x The Sandbox Partner For A Metaverse Museum
Payment platform Stripe will be re-introducing crypto and NFT features to their platform. These features terminating in 2018, this will be Stripe’s second attempt at integrating crypto and NFT transactions onto their platform.
Do check out this piece which talks about some cool integrations and NFT displays Stripe plans to implement.
Stripe Payments Now Accept Crypto Again And Now Support NFTs
EtherRocks, an NFT collection of 100 rocks launched shortly after CryptoPunks, have not much utility - other than bragging rights. Well, the floor price still sits at a few hundred Ether, and unfortunately, one of the former NFT holders just “fat-fingered” one of his rocks.
Do read the full piece for the full story… condolences to Rock Dust.
EtherRock Holder Fat Fingers Million Dollar Listing, Ends Up with Nothing
The EU has proposed a legislative framework to limit usage of proof-of-work (PoW) cryptocurrencies, including popular cryptos such as Bitcoin and Ethereum. They cite environmental concerns due to the high energy usage of such cryptocurrencies.
More details in the article below.
Limiting Proof-of-Work Crypto Back on the Table as EU Parliament Prepares Virtual Currencies Vote
Art Haus Blog Releases
Is your NFT world just confined to those few Discord servers, Twitter pages, and keeping up with ART HAUS? Instead of keeping NFT culture within the confines of the internet… why not bring your love for NFTs IRL as well?
NFT IRL Events: Q2 2022
Our latest article on the blog covers multiple IRL NFT conferences and events you can attend in Q2 of 2022 (Around March - June). Whether you’re more of a party-goer, a sucker for exclusivity, or just someplace to spark intellectual discussions, there will be an NFT conference for you!
We explore the biggest NFT events in this article… but the list isn’t exhaustive! Do give suggestions on other amazing conferences IRL, and we may just add them to the list.
Shall we make such a post for Q3 2022? Looking forward to your comments!
Podcasts: Worth A Listen
Web3 is Cryptography for All
In this episode of the Delphi Digital Podcast, dhardien speaks about his new project, Sismo. They talk about what Sismo is about and how it works, along with his plans for the future of Sismo.
Aside from dhardien’s brainchild, the podcast also talks about identity in web3 and how that compares to web2, along with the importance of transparency and privacy in the web3 world. For a deeper understanding of privacy and identity in the web3 space, do give this episode a listen!
The Simple NFT Game That Will Change Web3 Forever
In this podcast episode, Gmoney hosts Cyber, an AI researcher with a PhD in Machine Learning. They discuss Cyber’s background in artificial intelligence and tech, along with how he got into the crypto space.
We also learn about Cyber’s NFT collection Animetas, which sold out in minutes (one of the fastest mints in history). Some of the concepts like “compression technology”, “GM420” and more are covered in this episode, which gives some tech-related insight from an experienced individual.
Finally, they discuss the game Brick Breakers, and why it’s so awesome. Do listen in to this amazing episode!
MetaMundo: The 3D NFT Marketplace for Building the Metaverse
MetaMundo’s co-founders, Mark Studholme and Finn Hansen, join the Delphi Podcast in this episode. MetaMundo is all about 3D NFTs, creating an interoperable 3D NFT system, supporting 3D NFT creators, and even building a marketplace for 3D NFTs.
They discuss the technicalities of integrating 3D elements into virtual worlds, launching the MetaMundo 3D NFT marketplace, as well as their 3D assets - Metaportals.
If you’re into the 3D space of web3 and NFTs, this episode should connect with you!
And that’s it for this week’s newsletter. Hope you enjoyed the summary, and I’m looking forward to a positive future for cryptocurrencies and NFTs! If there’s nothing else, Imma grind to the top on Grinderz for now… take care!
Follow Our Socials
Discord: ART HAUS