Autor Cointelegraph By Brian Newar

DAO aims to raise $5M to resurrect Blockbuster Video

DAO aims to raise $5M to resurrect Blockbuster Video

Uverejnil používateľ | dec 30, 2021 |

A new decentralized autonomous organization (DAO) has been formed with the goal of buying the Blockbuster brand from Dish Network and turning it into a film studio and streaming platform.Blockbuster Video is an American video rental company founded in 1985 which once had 6,000 stores globally and was valued at over $8 billion, before it shuttered almost all of its operations in 2014. It is currently owned by Dish Network and operates just one store in Bend, Oregon.The DAO interested in “liberating” Blockbuster from Dish Network is the aptly named BlockbusterDAO. The DAO explained in a Dec. 26 tweet its plans on rallying a grassroots effort to buy Blockbuster by raising at least $5 million through a Blockbuster DAO NFT minting event. Each NFT will be valued at 0.13 ETH. BlockbusterDAO plans on turning Blockbuster into a decentralized film (DeFilm) streaming studio. DeFilm is an experiment launched in July which proposes to “actually make a movie with decision making happening on a blockchain.” ‘Block’ buster seems to be a fitting name for such a project.Our mission is to liberate Blockbuster and form a DAO to collectively govern the brand as we turn Blockbuster into the first-ever DeFilm streaming platform and a mainstay of both the Web3 brands and products, but a powerhouse in the future of the film industry. Read the — BlockbusterDAO (,) (@BlockbusterDAO) December 26, 2021The DAO is currently composed of about 9,000 netizens on Twitter and a Discord server who deliberate over how the DAO can achieve its goals. The BlockbusterDAO appears to be tapping into the social media led desire to resurrect memestock brands such as Gamestop and AMC, while following a similar path to that laid down by ConstitutionDAO (PEOPLE) just over a month ago. ConstitutionDAO aimed to buy an original copy of the Constitution of the United States of America from the Dorothy Tapper Goldman Foundation at auction.ConstitutionDAO ultimately failed to achieve its goal as hedge fund manager Kenneth Griffin paid a total of $43.2 million for the copy in the Sotheby’s auction on Nov. 19. Following the auction, the DAO offered full refunds for anyone who donated. Those who did not take refunds kept their PEOPLE tokens.Related: ConstitutionDAO: PEOPLE price pumps 200% as new ‘We The People’ token unveiledJust over a month later on Dec. 23, PEOPLE was listed on Binance where it currently trades for about $0.11.The ConstitutionDAO team has shown its support for the BlockbusterDAO efforts by tweeting on Dec. 27:“PLEASE bring back blockbuster, @netflix has gone unchecked for far too long.”

Čítaj viac
Brock Pierce and Tom Lee tip $200K BTC in 2022, despite missing the mark in 2021

Brock Pierce and Tom Lee tip $200K BTC in 2022, despite missing the mark in 2021

Uverejnil používateľ | dec 30, 2021 |

Despite missing the mark with their $100,000 Bitcoin price predictions in 2021, Former Chief Strategy Officer at Block One Brock Pierce and co-founder of research firm Fundstrat Global Advisors Tom Lee are both tipping Bitcoin could hit $200,000 in 2022.Essentially they are doubling down on their ambitious projections for 2022, even though Bitcoin’s high water mark of $69,000 was set on Nov. 10 and BTC is currently trading at $46,270.Tom Lee predicted $200,000 for BTC in the Dec. 23 Market Rebellion Roundtable discussion. He said in the discussion:”So maybe Bitcoin is, you know, in that $200,000 range. I mean, I think that’s achievable and I know it sounds fantastical, but it’s very useful.”Lee previously maintained his 2021BTC price prediction of $100,000 as late as October in light of ProShares launching the first Bitcoin ETF in the USA. At that time, he also predicted that Bitcoin exchange traded funds (ETF) would attract at least $50 billion over the next 12 months. American Bitcoin ETFs currently hold about $1.5 billion in assets between Valkyrie, Van Eck, and ProShares’ offerings.Pierce meanwhile told Fox Business on Dec. 29 that it was “conceivable that it could break $200,000 for a moment and come falling back again.”In a Jan. 22 article at the start of the year Pierce had cited $100,000 at the top of the range for 2021:“There really are not many levels where I (anticipate) Bitcoin seeing resistance. We could get anywhere from $70,000 to $100,000 by the end of the year, but it will not be without volatility.”In fairness to Pierce,  the lower end of the range was indeed hit on November 10.Popular anonymous Bitcoin price analyst Plan B has made his name with his price predictions and stock to flow model. On June 20, PlanB correctly predicted that BTC would hit $63,000 in October, but missed his $98,000 and $135,000 marks for November and December respectively as his “worst case scenario.”PlanB has defended his predictions by claiming the accuracy of his statistical models to within one standard deviation. Although his price predictions were off, he said in a Dec. 25 tweet, “$50K-$200K 1 standard deviation band feels wide. Some people think this makes S2F model invalid and not useful, but is it??”Related: Bitcoin dips below $47K but one trader is eyeing ‘solid risk/reward’ for longing BTC nowFounder and CEO of Ballet Crypto Bobby Lee predicted that BTC would hit $300,000 this year back on Mar. 22 on CNBC’s Squawk Box. This was one of the most ambitious predictions to miss the mark this year. Each public figure’s wrong predictions go to highlight the need to Do Your Own Research (DYOR) in cryptocurrency investing and to take price predictions as a bit of fun, rather than a serious guide to the future.

Čítaj viac
Arcane Research releases its crypto predictions for 2022

Arcane Research releases its crypto predictions for 2022

Uverejnil používateľ | dec 29, 2021 |

Blockchain data research firm Arcane Research has taken a look at the year that was in its final report for 2021 and offered its predictions for crypto markets going into 2022.Arcane’s Dec. 28 The Weekly Update report focuses on Bitcoin (BTC) and Ethereum (ETH) but delves into other major coins, decentralized finance (DeFi), meme coins, nonfungible tokens (NFT), derivatives, and others. Arcane offered a prediction for what would happen in 2022 on every topic covered in the report.“Bitcoin will outperform the S&P 500 in 2022.”The report noted that through 2021, Bitcoin has outperformed the S&P 500 index. Bitcoin is up 73% while the S&P 500 is up 28% this year, and Arcane believes Bitcoin will continue this performance next year. The benchmark S&P 500 index consists of the 500 biggest companies listed on American stock exchanges.”XRP and Cardano will fall out of the top 10″Arcane noted the tremendous gains on Binance Coin (BNB) this year, peaking at about 1600% in May and rounding out the year up 1344%. Based on this and the growth in market cap from alts like Solana and Terra, along with the NFT craze, the analysts are tipping Ripple (XRP) and Cardano (ADA) will exit the top-10 list.Alternate layer-ones will continue to outperform ETH.While ETH outperformed BTC this year with a gain of 455% to 73%, other layer-one blockchains outperformed ETH. Layer-one refers to standalone, base layer blockchains. Terra Luna ends 2021 up 14,823%, Fantom is up 13,549%. Traditional gaming companies will increasingly add NFTs This year in crypto can be defined in no small part by the massive sales of NFTs, and blockchain games like Splinterlands and Alien Worlds have around 526,000 daily active users according to DappRadar. Arcane predicts that in 2022, traditional gaming brands will branch into the NFT space and capitalize on the burgeoning market.Even more crypto companies will go public and several will have valuations above $5B.This year saw Coinbase go public on April 14th and it currently has a market cap of $72 billion. The five biggest crypto company public listings slated for 2022 are all currently valued over $1 billion. Arcane believes there will be a numbe others valued higher than $5 billion like crypto exchange Bullish, which is currently valued at $9 billion.Bitcoin ETFs will hold more than 1M BTC by end of 2022Several Bitcoin futures exchange-traded funds (ETF) were launched in 2021. They currently collectively hold about 846,309 BTC and Arcane says the growth will only continue in 2022.Related: Ethereum whales dumping ETH as price slides below $4K, data shows“Hashrate will become even more geographically distributed”When China banned Bitcoin mining, global Bitcoin hashrate sharply fell, then nearly as suddenly recovered. Now the United States leads the world in hashrate, followed by Kazakhstan and Russia. Arcane believes miners will disperse even further into regions like Latin America.

Čítaj viac
Raoul Pal believes institutions have finished taking profits as year winds up

Raoul Pal believes institutions have finished taking profits as year winds up

Uverejnil používateľ | dec 29, 2021 |

Real Vision CEO Raoul Pal believes the recent volatility in the Bitcoin price is due to institutions selling to help shore up their end-of-year profits, The perennial Bitcoin (BTC) bull told Vlad from The Stakeborg Talks in a Dec. 27 interview that he believes the market is currently lopsided due to the effect of institutions. Pal said that they have been selling to lock in their profits. It was a way for institutions to say “I believe in getting paid.”@RaoulGMI answers fast. Not this time. He needed 6 seconds before answering “Why #DAO is so sexy” but the answer was brilliant.Less than 30 minutes until the premiere starts. Today, at 19:00 CET, on our Youtube channel:https://t.co/lq96tZHfwq@Arscryptopia @stakeborgdao pic.twitter.com/4rgIev1XLw— StakeBorgDAO (@stakeborgdao) December 26, 2021Considering that much of the selling in December has come from wallets that accumulated Bitcoin around the summer according to Glassnode, and that institutional assets under management (AUM) of cryptocurrency surged in May and Oct. according to Coinshares, the timing of the selling indeed points to institutions unloading some bags.“Now the question is, ‘Are they done?’” asked Pal. “It looks like they’re done because the market has been chopping around for the past week, which was the traditional last week of everybody squaring their books.”While he predicts that there could be further selling out of Asia, Pal expects 2022 to begin with a strong start for the crypto markets as the capital from institutions gets redeployed.Pal believes that institutional investors will become increasingly bullish on cryptocurrency through 2022 as they begin to better understand the ever increasing adoption of the technology “and therefore what that implies in market cap” by the end of the decade.Related: Analysts say 2022 will be ‘defined by agility and cost-efficiency’ instead of ‘blockchain purity’Noelle Acheson from Genesis Trading shares Pal’s insights on institutional bullishness on crypto going into 2022. She discussed institutional trends from 2021 and pointed out some potential highlights for 2022 on CNBC’s Squawk Box today. “The institutional growth over the past 12 months has been astonishing and we’re seeing strong signs of that accelerating through next year both through direct investment and through investment in crypto market infrastructure companies themselves.”Bitcoin is currently down about 3.5% over the past 24 hours and trading at $47,954 at the time of writing.

Čítaj viac
Korean government tells Apple and Google stores to take down P2E games

Korean government tells Apple and Google stores to take down P2E games

Uverejnil používateľ | dec 29, 2021 |

The South Korean government has moved to block the release of new play to earn (P2E) games and requested that existing ones be removed from Google Play and Apple’s App Store.P2E gaming has become popular in the cryptocurrency industry. Gamers typically must first purchase game pieces as non fungible tokens in order to play the game and receive in-game rewards. However gaming prizes over a few dollars are banned in South Korea.The Game Management Committee (GMC) in the Ministry of Culture, Sports, and Tourism yesterday requested major mobile app marketplaces block any games that require in-app purchases before playing the game.To combat the proliferation of what it sees as speculative money-making schemes, the GMC has made it all but impossible for P2E game developers to get their work listed on the most popular mobile app stores.While the government’s attem mitigate the growth of P2E games by going straight to the app marketplaces is a new development, game developers in South Korea have faced court battles since April to keep their P2E games up for sale in domestic app stores. The main problem was that some game apps could not obtain an age rating required for listing on app stores.An official from the GMC stated that the commission is only following Supreme Court precedent in blocking P2E games from getting age ratings and being listed. The official said in a Dec. 28 statement:“It is reasonable to keep P2E games from getting age ratings under the current law because cash rewards in games can be considered prizes.”Prizes earned from gaming in South Korea cannot exceed 10,000 KRW ($8.42) at a time.Related: cNFT protocol brings utility to NFTs, changing the play-to-earn industry as a wholeThe Fivestars for Klaytn P2E game and nonfungible token (NFT) marketplace was initially blocked in domestic app stores for a lack of a rating, but the team behind the game won an injunction in June and the game was listed. A final decision on the legal standing of the game is expected to set a legal precedent for other P2E games, such as Infinite Breakthrough Three Kingdoms Reverse.The GMC’s stance has negative implications on all P2E gaming apps, including the suite of apps associated with the two most popular games to-date according to DappRadar: Axie Infinity and Splinterlands.

Čítaj viac

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy