HAPPY HOLIDAYS ALL!
This is the last Financial Virgin report for the year. It has been such a busy year in terms of innovation and the crypto ecosystem and I have thoroughly enjoyed keeping you all up to date with news that is “ off the radar” and completely different to the mainstream FUD (fear uncertainty and doubt) out there. I really enjoyed hearing all your feedback and what topics interest you. Please feel free to email me or just share the Financial Virgins news with your family and friends.
What are your top 5 stocks to be watched for 2022, send us an email and we will collate all the readers ideas into an issue. info@financialvirgin.co.za
🕵️♀️ MetaMask Teases In-App NFT Extension
It’s no surprise that MetaMask is seeking to expand and improve the user experience when it comes to NFTs. Non-fungible tokens have become the hottest topic of 2021, and the emerging play-to-earn field is also predominantly based and reliant upon them.
♪ TikTok got more traffic than Google this year
According to cloudflare, TikTok came in as the most visited domain this year, up form its positions of #10 in 2020. The app’s popularity has surged during the pandemic; while it initially attracted a teenaged audience set on coordinating lip sync and dance videos, TikTok has since attracted new users of all ages and demographics, who flock to the app for its cooking hacks, memes, and spirituality content, to name just a few topics.
1 TikTok.com
2 Google.com
3 Facebook.com
✌️ Fat Fingers!
A Bored Ape Yacht Club (BAYC) NFT accidentally sold one of them for $3,015 despite being valued at $300k. Now that’s a fat finger moment you will regret for some time.
👟 Adidas step into the Metaverse
Adidas dropped 30,000 non-fungible tokens on Friday, netting $23.5 million worth of ether in NFT sales during the retail giant’s historic yet bumpy foray into the metaverse.
💡 Sheiks race to own regulation
The Dubai government has recently declared that the Dubai World Trade Center (DWTC) will soon develop a cryptocurrency zone and regulate other virtual and encrypted assets, products, digital exchanges, and operators in Dubai.
🤷 Profit Taking or fear?
Investors pulled money out of funds focused on bitcoin and the currencies of Ethereum, Solana and Polkadot, as crypto markets retreated. Following a 17-week run of inflows, outflows from cryptocurrency funds totaled $142 million during the seven days through Dec. 17, according to CoinShares, a digital-asset manager that compiles the industry data. The largest previous outflow on record was in early June, when net redemptions surged to $97 million. CoinShares noted that cumulative inflows into crypto funds hit a record $9.5 billion this year, eclipsing the 2020 total of $6.7 billion.
💡 $200m social media WEB3.0 initiative
Polygon and Seven Seven Six partnered(Alexis Ohanian, General partner at 776, may ring a bell as he co-founded Reddit) to launch a $200 million initiative to support social media projects on Web3. Polygon are playing the long game and incentivising social media news on a decentralised platforms while providing the creators with rewards is an obvious move for them.
📈 Not so much of a Hodler
Despite the “hodl to the moon” narrative, the data shows that people are using crypto for payments. The below from Blockdata shows an almost 100% increase in crypto payments across various merchants.
🔑Has Cryptocurrency arrived
It is disrupting the biggest markets on earth including gold, bonds, global payments, and money. ....and something like 90% of institutional investors have no exposure, yet. As of two weeks ago, the market was roughly $2.5 trillion dollars.
DID YOU KNOW
Fortnite’s Marshmello concert was the game’s biggest event ever. More than 10 million people watched the virtual performance. It’s also important to note that the 10.7 million number only includes those who experienced the concert in-game. If you factor in those who watched it live-streamed on Twitch and other platforms, the number will definitely be much larger, and the official recap of the event has nearly 61 million views on YouTube.
LINKS THAT DONT SUCK
👕 The World’s Largest T-Shirt Cannon
🙊 Private Investors Plot Forbes Buyout
💡Holiday lights around the world.
🎅 The ultimate Christmas playlist.(8 days long😂)
I hope you all have a great holiday and stay safe with your loved ones, until next year….