Technology giant Apple approaches Web3

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Technology giant Apple approaches Web3

Apple is looking for an Associate Creative Director with an interest in Web3 and interactive platforms. Find this and more news in this handy daily digest to keep you up to date with the latest developments in the crypto world.

Apple and Web3

📍‌A job posting reveals that Apple is interested in Web3. Apple, the American electronics and software giant, is looking for an Associate Creative Director with “demonstrated interest in interactive platforms and Web 3.0,” as read in the post. job offer

The vacancy is available in Apple's global Retail Engagement and Marketing team and will allow the company to strengthen its campaigns. Also, although it is not mentioned, things in the virtual world and the blockchain industry are moving at an accelerated pace, so it is likely that Apple wants to follow in the footsteps of other companies, such as Samsung and Huawei, to begin experimenting with products or services related to the new generation of the Internet, Web3.

In May 2021, the company posted a job opening for a cryptocurrency director and in January of this year, rumors circulated about its possible approach to NFTs. 

Although Apple has stayed away from cryptocurrencies, its CEO Tim Cook said during Apple's annual WWDC developer conference this year that he had an interest in non-fungible tokens. In November, Cook had revealed that he has investments in Bitcoin. 

Ethereum sets date for Goerli testnet merger

📍‌Tim Beiko has confirmed that the Goerli public testnet will be merged with Beacon Chain between August 6th and August 12th. Earlier this month, developer Terence Tsao had teased that Goerli would merge with the Beacon Chain in August, without giving a specific date. 

This was confirmed by Ethereum 2.0 lead developer Beiko on his Twitter account. 

Beiko reported that the testnet merge will happen in the second week of August, between the 6th and the 12th. He also indicated that the first phase of the testnet merge will be completed on August 4. If everything goes according to plan, the Ethereum mainnet could migrate to the new network based on the proof-of-stake or PoS consensus protocol in September. 

Artist to burn almost half of his tokenized physical works on blockchain

📍‌British artist Damien Hirst will burn more than 4.800 of his physical works of art. Hirst, who tokenized his works as NFTs in 2021, has said that his buyers have a preference for NFTs, so almost half of his works will become exclusive to the virtual world. 

The artist plans to burn 4.851 works of art, out of the 10.000 pieces auctioned last year. As he reported on Twitter, the owners of these works, who bought NFTs in 2021, prefer the digital asset to the physical work, which is why he will burn the works. 

Growth prospects for the Play to Earn video game market 

📍‌Absolute Reports predicts the Play to Earn (P2E) gaming market will exceed $2.800 billion in the next 6 years. The company has published a research report that emphasizes the growth opportunities that the market for games based on P2E mechanics will experience. According to the estimates, this market will be sized at $2.845 billion by 2028, growing at an estimated CAGR of 20,4% over the next 6 years.

Current state of the crypto market

📍‌Bitcoin and Ethereum gain 5% daily this Friday. The price of Bitcoin and Ethereum, the world's most capitalized cryptocurrencies, have gained another 5% daily, on average, as Crypto market is on the rise in general. 

Bitcoin is trading above $23.800 per unit while Ethereum has surpassed $1.720 per ETH at press time, according to data from CoinMarketCap. The cryptocurrency co-created by Vitalik Buterin has not seen this level since early June.   

Continue reading: Cardano community believes it could hit the dollar in August

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