LensLinks: Issue 41

Today in LensLinks:

• Ukraine Considering CBDC

• Avatars "a key player in the Global Financial System"?

• Will Loyalty NFTs drive the Next Bull Run?

• What do Chief Metaverse Officers actually do?

• 101: What Are Native Tokens?

• Cardano milestone: 7MM

• FTX used ESG as a cover to avoid scrutiny

• And Much, Much, More...

"But in practice, what happens like anything else is ESG is a form of power, and the power becomes captured politically and used towards different ends," Lonsdale continued. "And so a huge part of our corporate world, a huge part of the Fortune 500, is virtue-signaling to try to get free resources, to try to get basically rewarded based on the fact that a lot of institutions are now captured by these ESG frameworks."

The growth of Metaverse is transforming avatars into a huge market.

As people venture into the metaverse, they will need avatars to help them manage their activities.

Besides the avatars, the asset market is on the rise.

The next growth spurt in crypto will come from tokens supporting loyalty programs that motivate community engagement, not from yield-generating protocols. NFTs will serve as the foundation for these loyalty programs, which corporations like Starbucks, Disney, and Adidas have already introduced.

More novel crypto-native examples include Rally, a platform that allows individual creators to issue NFTs. One individual, “Alex,” actually “sold himself” on the blockchain using Rally, where he allowed NFT holders to vote on how he would spend his day.

The National Bank of Ukraine is considering an electronic version of the Ukrainian hryvnia that would be able to facilitate the exchange and issuance of virtual assets, among other uses.

The central bank has discussed its vision for an electronic iteration of the country's sovereign currency, the hryvnia, with representatives of banks, non-banking financial institutions and the crypto market, according to an official press release on Monday. The bank is exploring retail non-cash payments, virtual asset circulation and cross-border transactions as possible applications for a CBDC.

"E-hryvnia can become one of the key elements of qualitative infrastructure development for the virtual-assets market in Ukraine," the report said.

Metaverse & Gaming - A Little More...

Blockchain, Tokens & Defi - A Little More...

Crypto Trading - A Little More...

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