The Disrupt Weekend

Crypto exchange FTX is in talks with Miami-Dade County in Florida to sponsor the basketball arena that houses the Miami Heat. Should the deal go through, FTX would become the first crypto exchange to sponsor a major professional sports venue in the U.S.

The talks are another sign that crypto is breaking into the mainstream in 2021 amid new price highs, institutional and corporate investment and the growing use of non-fungible tokens (NFTs) in the art world. American Airlines is the current name sponsor for the arena.”

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“Non-Fungible Tokens (NFTs) are becoming the newest fan collectibles and have generated significant press and buzz in the digital space. DC is exploring opportunities to enter the market for the distribution and sale of original DC digital art with NFTs including both new art created specifically for the NFT market, as well as original digital art rendered for DC’s comic book publications.

Please note that the offering for sale of any digital images featuring DC’s intellectual property with or without NFTs, whether rendered for DC’s publications or rendered outside the scope of one’s contractual engagement with DC, is not permitted.”

“A seemingly abandoned NFT cat project from 2017 has now been totally mined. Evidently, there’s still a whole lot of undiscovered booty in Ethereum’s blockchain, which makes it fertile for further excavation.

According to Etherscan, the abandoned MoonCatRescue project dates back to August 9 2017, which according to EThoarder makes it the second oldest NFT on Ethereum after CryptoPunks.

Since the front-end interface of had long been defunct, dedicated NFT fans had to manually interact with the contract using Etherscan to rescue the cats. In order to make the MoonCats sellable on marketplaces like OpenSea, token rescuers need to wrap their NFTs, for a fee of about $200. A relatively nominal fee in light of the fact that some MoonCats are already being resold for almost $40k”

“Yield Guild Games (YGG), a decentralized autonomous organization (DAO), will use the funds to improve its protocol for distributed investing in the burgeoning NFT scene. As a DAO, YGG pools investor assets for the purpose of betting and then profiting on NFTs, sharing the proceeds with backers. Its focus is on NFTs that intersect with the gaming space.

Just like real estate, virtual economic activities of games will occur in virtual lands.

DAOs have begun speculating on NFTs as the token type explodes in prominence. FlamingoDAO, a competitor in the space, recently spent 605 ETH ($761,889 at purchase) on a CryptoPunk NFT.”

The European Central Bank’s aggressive move this week to expand its “quantitative easing” stimulus program leaves the Fed little choice but to continue its own hyper-expansive policy, even if it wants to end it. While you’ll never hear it from the Fed, it will be concerned about the economic fallout from a strong dollar. This will damp its capacity to tighten policy.

Because of investors’ hyper-sensitivity to even the most subtle changes in policy, central banks’ hands are tied. The slightest signal that the Fed is considering tapering quantitative easing can send markets into paroxysms.

Central banks put their monetary machines into top speed. Now they can’t slow them down. The default, then, is for more of the same.

“According to data from CoinMarketCap, the combined 24-hour volume of major South Korea-based crypto exchanges UPbit, Bithumb, Coinone, and Korbit was more than $14.6 billion on Sunday. On Friday, the same metric was roughly $14.5 billion on the Korea Composite Stock Price Index, or KOSPI, and $10 billion on the Korean Securities Dealers Automated Quotations, or KOSDAQ.”

A number of social tokens, or cryptocurrencies supporting online communities, tanked early Sunday after a reported security breach at Roll.

Tokens like WHALE, RARE and PICA tanked more than 50% during the early European hours, according to data provider CoinGecko. Meanwhile, the RLY token of competing social money platform Rally spiked to all-time highs.”