In an article on the future of cryptocurrencies, the World Economic Forum assured that cryptocurrencies and their underlying technology will continue to be an integral part of the economic system. This and more news in this practical daily summary so that you are always informed with the most recent events that occur within the crypto world.
The WEF on the future of the crypto industry
📍The adoption of crypto technology is inevitable, the World Economic Forum said in an article on the future of cryptocurrencies. The non-governmental organization highlighted that, despite the strong year that cryptocurrencies experienced in 2022, the adoption of their underlying blockchain technology continues unabated; especially in the financial sector.
According to the WEF, blockchain has become a “leading technology in the global financial world.” Global banking institutions such as JPMorgan, BBVA and Santander are some of those that have shown interest in blockchain and Web3.
Although several projects in the crypto industry have collapsed over the past year due to major mistakes, bad actors and misdeeds, such as the case of FTX and Alameda Research, the World Economic Forum stressed that blockchain and cryptocurrencies are a neutral technology. Therefore, the organization also pointed out that the regulations that countries implement in the future, to guarantee responsible development and healthy competition between participants in this industry, will shape the future of cryptocurrencies.
Finally, the FEM he pointed that cryptocurrencies and blockchains will continue to be integral parts of the modern economic toolkit, despite the harm these tools can cause when wielded by the wrong people.
Otherside's Otherdeed generated $49,9 million in NFT royalties
📍Otherside's land NFTs generated the highest royalty revenue in the NFT world in 2022. According to data published by the daily cryptocurrency newsletter Milk Road Daily, Otherdeed has been the NFT crypto collection that generated the most royalty earnings over the past year.
Yuga Labs’ Otherside metaverse Otherdeed generated a total of $49,9 million in royalties, surpassing similarly successful crypto collections such as Azuki, Bored Ape Yacht Club (BAYC), and CloneX.
It's been 14 years since the first block of the Bitcoin network was mined
📍14 years after the creation of Bitcoin, the network's genesis block contains 68,5698 BTC, worth approximately $1,14 million USD. Every year, Bitcoiners send small amounts of Bitcoins to Satoshi Nakamoto's address to celebrate the anniversary of the Bitcoin Genesis Block.
Satoshi's address contains the 50 unspendable bitcoins mined from the genesis block, which was generated on January 3, 2009.
This first block of the network also contains a very interesting headline, which expresses why Satoshi Nakamoto created a system that does not require trusted third parties. The headline belongs to the newspaper “The Times” and reads: “The Chancellor (of Britain) is considering a second bailout for the banks.”
Source: Blockchain
Continue reading: How do Spaniards invest in cryptocurrencies?
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