NORN.xyz Newsletter Week 1
2023 is here, and we sure are glad to have stepped into the new year. While 2022 was eventful, we are way more hopeful about 2023 when it comes to crypto.
We invite you to join the Web3 Gym
New year, new me! If you haven’t chosen the perfect new year's resolution just yet, we have got one for you! Hit off the new year with becoming brain-fit in our Web3 Gym! We kick the bootcamp off with some of our most promising guides, with everything from beginner to advanced level! Can you complete the exercises below?
Beginner: What is Metaverse?
Post-workout:
You should know what 2022’s biggest buzzword, Metaverse, actually means.
Repetition:
Is Meta (Facebook) the Metaverse?
Beginner: What is an NFT?
Post-workout:
You should know what an NFT is, how it works and why NFTs are important.
Repetition:
Can you own music as an NFT?
Moderate: Your First Ethereum NFT?
Post-workout:
You should know how and where you can buy your first Ethereum NFT, and where to store it.
Repetition:
Do you need Bitcoin to buy Ethereum NFTs?
Advanced: How do I sell my art as an NFT?
Post-workout:
You should know what tools and crypto you need to sell your art as NFTs and some marketplaces where you can do it.
Repetition:
Is Rarible the same as OpenSea?
TL;DR
Fidelity plans NFT-marketplace & Financial Services in the Metaverse
Binance exchange balance dipped 8%
BMW to integrate blockchain technology
One of Ukraines biggest pharmacies partners with Binance to accept crypto payment
Rolling Stone unveils NFT project
Business & Markets
Fidelity plans NFT-marketplace & Financial Services in the Metaverse
Finance giant Fidelity has filed trademarks in the US for a range of Web3 products and services, including an NFT marketplace! Fidelity is one of the leading financial services and asset management companies in the world, and has over $4.5 billion dollars under management. Giving their clients access to NFTs might cause some serious market movements in NFTs, so keep an eye on how the situation develops.
Binance exchange balance dips 8% following FUD
The continued FUD around Binance caused the crypto giants exchange balance to dip by 8.8% in a week during the end of 2022. In comparison, during the FTX crisis we saw a dip of 19.5% in Binances exchange balances. We believe FTX contagion is not fully over yet, and while we are not directly concerned about Binance, we recommend a healthy amount of paranoia. Remember, not your keys, not your crypto.
Innovation & Launches
BMW will integrate blockchain technology to settle transactions for customer loyalty program
The famous German car manufacturer BMW is planning to use blockchain to eliminate paperwork and to launch a customer loyalty program for customers in Thailand. Binance Chain and BNB will be used for transactions for the loyalty program, and it can be inferred that NFTs will be involved as well.
Want to know more?
Ukrainian ANC Pharmacy partners with Binance to accept crypto payments at 1100 locations
Ukrainian Pharmacy chain, ANC Pharmacy, is one of the largest in its field with over 1000 stores in the country. The pharmacy chain has partnered with Binance, which makes it possible for customers to pay in bitcoin, by purchasing on ANC’s website, and then receiving their order in the store.
Read more about it here!
Rolling Stone unveils new NFT project with Pussy Riot Superstar
Rolling Stone just announced its upcoming drop, an 11-piece NFT collection - Matriarchy Now, with the co-founder of Pussy Riot, Nadya Tolokonnikova. The drop is just around the corner and will take place on the 11th of January at 3:00pm ET. With Tolokonnikova being one of the most prominent figures in Web3, she has initiated projects like UnicornDAO and UkraineDAO, raising awareness on social issues. Her latest project in line, Matriarchy Now, is a collection composed of NFT photojournalism which depicts an idyllic world where pure equality reigns. This might just become her greatest project yet.
Miscellaneous
Sam Bankman-Fried pleads not guilty to all fraud charges
Not guilty until proven otherwise. Sam Bankman-Fried, the ex-CEO of previously renowned now bankrupt FTX, pleads not guilty after being charged with fraud, leaving investors with empty pockets and a loss of billions of dollars. After his arrest in late December 2022, he is now facing 8 criminal counts and a maximum of 115 years behind bars. He has pleaded not guilty and is awaiting trial in October 2023.