Bullets

2022-02-08 07:40:06 Polygon has raised $450 million in its first major funding round led by Sequoia Capital India. About 40 major venture capital firms including SoftBank Vision Fund 2, Galaxy Digital, Galaxy Interactive, Tiger Global and Republic Capital also participated in the round.

More: Entrackr
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2022-02-07 15:35:06 • Discord is testing three new features starting this week aimed at helping users stay on top of the conversation.

• It will test a forum-like channel for more organized conversations, a homepage-style feature that collects hot topics, and automated moderation tools.

• The experimental features will only be available via a close beta on some large servers.

More: Discord
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2022-02-06 15:30:38 Metazens: Citizens of the Metaverse

• Lack creativity in what they expect from the metaverse
• Willing to pay for experiences that involve gaming, socializing, and working
• Interested in experiences specific to the metaverse, such as virtual events, simulations, and digital objects
• Invest in cryptocurrencies, virtual real estate and NFTs
• See the volatility of virtual assets as an opportunity to win big
• More likely to use Instagram, TikTok, and Snapchat

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2022-02-06 12:45:06 Thailand has walked back plans to implement a 15% withholding tax on crypto profits following a negative reception from the kingdom’s traders and investors. Traders can now also offset annual losses against gains made within the same financial year.

More: Blockworks
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2022-02-05 17:10:06 This month, at the Beijing Winter Olympics, China is ready to showcase its digital yuan to the world, becoming the first major global economy to roll out a central bank digital currency (CBDC).

From 4 Feb, overseas nationals will be able to convert foreign currencies into digital yuan, according to reports, and will be given a physical card to use during their stay.

More: ITpro
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2022-02-05 11:20:06 The current NFT ecosystem is a disaster

• OpenSea, the most popular NFT marketplace has a tool for free minting of NFTs. The platform has admitted that 80% of these NFTs are plagiarized works, fake collections, and spam.

• DeviantArt has issued 80,000 fraud alerts in a few months. 

• LooksRare is plagued with wash trading. That's when people illegally inflate trade volume and value by buying & selling NFTs within a group. 

• About the $69 million Beeple NFT that started off the NFT hype cycle: The buyer, MetaKovan is actually a business partner of Beeple. 

• A research study recently analyzed 6.1 million trades of 4.7 million NFTs since 2017. They found that 10% of traders accounted for 90% of all NFT transactions. This group trades 97% of all NFTs at least once.

More: Vice
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2022-02-04 11:45:16 • Pollen Mobile is a new mobile data network that promises a way to exchange data anonymously at high speeds and cheap prices.

• The peer-to-peer wireless network incentivizes users to run their own mini cell towers with a cryptocurrency called PollenCoin.

• Users have to pay an upfront cost for the hardware, which can cost from $999 to over $10,000.

Whitepaper: Pollen mobile
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2022-02-01 17:45:13 What is Metaverse?

• Users "live" inside a digital realm in the metaverse, which combines numerous components of technology such as virtual reality, augmented reality, and video.

• The metaverse's supporters envisage its users working, playing, and remaining connected with peers via anything from concerts and conferences to virtual travels across the globe.

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2022-02-01 14:46:14 • Meta is bringing its 3D avatars to Instagram and rolling out an update to Facebook and Messenger avatars.

• The update adds Cochlear implants, over-the-ear hearing aids, wheelchairs, and more facial shapes.

• Users can use the same avatar across all Meta platforms. Meta has partnered with the NFL to allow fans' avatars to wear shirts supporting their favorite team in the Super Bowl until Feb 28.

More: Fb
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2022-01-31 11:20:06 Global mobile users: More than 2/3 (67.1%) of the world’s population now uses a mobile phone, with unique users reaching 5.31 billion by the start of 2022.
- 1.8% y-o-y growth (95 million new mobile users)

Global internet users: Global internet users have grown to 4.95 billion at the start of 2022, with internet penetration now standing at 62.5% of the world’s total population.
- +4% y-o-y growth (192 million)

Global social media users: There are 4.62 billion social media users around the world in Jan 2022 (=58.4% of the world’s total population).
- 10% y-o-y growth (424 million new users)

More: Datareportal
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