Bridging the meatspace and metaverse gap
GM, we take the latest Web3 news and translate it into plain old English - so you can stay up to date, without your eyes glazing over.
In today’s edition:
Intel enters the Bitcoin mining arena
Bridging the gap between meatspace and metaverse
RESOURCE: Still low key wondering what NFTs actually are? Learn in ~12 mins
Your dad is going to love this...
Intel enters the Bitcoin mining arena
On Monday, semiconductor manufacturing big dogs, Intel, unveiled their new Bitcoin mining chip, Blockscale (wow, that was a lot of commas).
Sure, they're not the first to make a dedicated chip for Bitcoin mining; but they are the first major American chip company to do so.
Ok...that's nice...and?
Here's what we see when we zoom out:
Intel is a $200 billion dollar publicly traded company who's decisions are affected by public sentiment via their shareholders.
Five years ago, a company of their size, structure and stature wouldn't have touched anything related to Bitcoin with a 10 foot clown pole.
It was seen as risky and reckless, or as Warren Buffet so lovingly put it:
"Rat poison"
Intel putting money into developing chips with a crypto use case is another entry into a growing list of mainstream adopters.
Bridging the gap between meatspace and metaverse
Apologies in advance for the visceral headline, but it's kind of accurate.
NFT artist Justin Aversano announced he will be bringing digital artwork to a physical space, when he opens his NFT gallery in California.
The gallery will be built using funds raised by an NFT sale, that will allow holders special access to the gallery / store / co-working space.
Why this is cool:
This further argues the case that NFTs are the new and improved version of Kickstarter - allowing both the fund raisers and the funders to benefit from the project.
Every step that Web3 technology takes towards embedding itself into existing cultural practices and institutions further adds to its staying power.
Resource of the day
Still low key wondering what NFTs actually are?
The Economist explains in under 12 mins.
Your dad is going to love this...
Dividend stock investing is drier than a Dyson Airblade on overdrive.
Just ask your dad about it and watch as his eyes light up at the opportunity to lecture you about fiscal responsibility.
If you're still in the dark, the basic concept is this:
You buy shares in a publicly traded company and for every share you own, they give you a small cut of their profits.
Pros: at scale it can give you a source of passive income.
Cons: very boring, makes for terrible dinner conversations.
But the space may be about to get a little spicier...
Digihost have become the first publicly traded Bitcoin miner to offer dividend payments, dishing out 10% of its yearly net profits to shareholders.
Here's the kicker: the dividends won't be paid in US dollars, but in Bitcoin.
(You know, the best performing asset of the past decade).
Brb, dad's calling...
Your Daily Dose of Web3
Britain looks to ‘lead the way’ in crypto, announcing plans to mint NFTs
Ice Cube offers chance for fans to buy ownership stake in BIG3 through NFTs
Everyone’s favorite dog related coin rallies 9% overnight as Elon takes a 9.2% stake in Twitter
Alright, that’s it for today!
Love to the people,