Not your keys not your coin. When you deposit crypto to an exchange you are an unsecured creditor loaning out your assets so that Wallstreet types etc.. can take leveraged bets using your money. More exchanges will be locking out customers in the next few weeks and it will be with no warning at all.…
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The World Of Women NFT collection has great marketing, strong leadership, and first-mover advantage. Plus, a flourishing community. Also, behind the punks and the apes, these ladies seem to have the biggest celebrity support. From World of Women’s partner Reese Witherspoon to Eva Longoria, to Bryce Dallas Howard; from Snoop Dogg to Gary Vee, everyone wants to be a part of the club. Launched in July 2021, the WoW digital collectibles are technically ERC-721 tokens. The collection lives in the Ethereum blockchain, and its high-quality images are hosted on IPFS. Like most successful NFT collections, the images aim at becoming profile pictures or PFPs. The World Of Women consists of 10,000 unique algorithmically generated pieces. The collection’s main artist is Yam Karkai. Among other things, World Of Women holders get immediate intellectual property rights over the piece they own. And they can download a high-resolution version with ease to use it as they please. They become automatic voting members of DAWOW, the DAO that controls the World Of Women community. And they’re part of a club that each month receives “ArtDrops,” free NFTs from interesting artists from around the world directly into their inbox. Plus, they also get members-only discounts, raffles, pre-sales, and mint passes. So, utility is strong in this NFT collection. The main reward, though, is being part of an organization that’s a net positive for women and inclusion worldwide. So far, World Of Women has donated over $250K from the collection’s royalties to women-centric charities all over the world. They even have their own nonprofit, Too Young to Wed’s “mission is to empower girls and end child marriage globally.” World Of Women also commits a percentage of their royalties to buy 1/1 NFTs from women-centric artists. Recent World Of Women Projects According to World Of Women’s About Us, this is the organization’s vision: “WoW’s vision is to build an inclusive web3 through its collection and community. According to research published in Nov. 2021, female artists accounted for just 5% of all NFT art sales in the prior 21 months. WoW is on a mission to change this.” The original World Of Women collection is only available on the secondary market, the floor price at OpenSea is 4 ETH and the collection has a total transaction volume of 70.8 ETH. Recently, the organization sold out its second collection, World Of Women Galaxy. Holders of the originals got a free mint and retail customers could mint them for 0.3 ETH. The idea was to lower the entry price to get new people into the community. Currently, the secondary market values the WoWGalaxy collection at a 0.47 ETH floor price at OpenSea. So, the entry price is still low. Related Reading | Blue Chip NFTs 101 – How Did Moonbirds Conquer The World In A Bearish Market? More recently, in March this year, World Of Women announced a partnership with the Sandbox metaverse. Both organizations launched the WoW Foundation with the objective of promoting diversity both in the NFT world and the metaverse. WoW & WoWG holders, if you’re interested in hosting meet-ups in your city but don’t know where to start – tag me on our discord! let’s do more of these 🤩 upcoming meet-ups –#WoWToronto : june 4th @nft_leen #WoWNYC : june 7th @mebynetta rsvp in meet-up threads!!! 👋 — kashvi 🦉 (@kashviETH) May 29, 2022 The organization has also created derivative pieces, like the Mother Earth Muse collection. For these limited-edition NFTs, they gave eight photographers the task of recreating some of the classic original WoW pieces. With actresses, in the real world. All of the profits from this endeavor went to the artists, the WoW community, and charity organizations. ETH price chart for 07/01/2022 on Poloniex | Source: ETH/USD on TradingView.com WoW As Art Collectors The WoWFund curates the collection, places bids, and acquires. The fund announces all of its moves through the organization’s Twitter feed. The funding comes from 15% of the primary sale royalties. The WoWFund’s focus is 1/1 NFTs, as opposed to generative art collections like World of Women. Welcome to the @worldofwomennft Museum! ♀ A breathtaking shrine that will highlight the work collected by the WoW Fund, which aims to bring visibility to outstanding artists in the #Web3 space. Created by @nabiya_creative. Discover more! ⤵️https://t.co/w55FEwKjSZ pic.twitter.com/B8WCpc7kzo — The Sandbox (@TheSandboxGame) June 27, 2022 The organization recently unveiled the World of Women Museum in the metaverse. The Sandbox described it as “a breathtaking shrine that will highlight the work collected by the WoW Fund, which aims to bring visibility to outstanding artists in the Web3 space.” 🖼 WoWFund June curation 🖼 We placed a bid on “Veiled Beauty” by @wafudraws, an artist from India 🇮🇳 “Paying homage to the Kishangarh school of arts, the signature graceful features, including arched eyebrows, lotus-like elongated eyes and pointed chin have been maintained.” pic.twitter.com/nc8Nud8Uj5 — World of Women (@worldofwomennft) June 29, 2022 World Of Women ’s Real-World Impact The organization is committed to bringing more women into DeFi and Web3. Reportedly, World of Women will create an academy geared toward educating women and guiding them through this wild-wild world. The academy will focus on minority and underrepresented groups. Besides that, the organization recently held a meetup in meatspace, more specifically in Los Angeles. The event was such a success, that WoW’s community manager tweeted: “WoW & WoWG holders, if you’re interested in hosting meet-ups in your city but don’t know where to start – tag me on our discord! let’s do more of these.” And announced a meetup in NY and another in Toronto. Huge thanks to @nft_leen and @NiSangria for organizing the first (and hopefully more) #WOWToronto meet up! Great atmosphere and amazing commity. @worldofwomennft pic.twitter.com/4b2Yf1iUcR — Sal (@i_amSamm) June 5, 2022 Last but not least, World Of Women recently closed its participation in the NFT NYC conference with a performance by no other than Madonna. What an honour to host #WoWFinallyEnoughLove, a celebration of Pride, on the closing night of NFT NYC with queen @madonna! 💜✨ Thank you WoW family for being a part of this journey, we hope you had the experience of a lifetime 🌈 pic.twitter.com/iHAo63R1hV — World of Women (@worldofwomennft) June 28, 2022 On the left there, Yam Karkai, WoW’s main artist. Oh, and speaking about celebrities… What Does Reese Witherspoon Have To Do With It? The actress’ production company, Hello Sunshine, signed “a storytelling partnership” with World of Women. The idea is to create “entertainment properties” based on their IP and produce a “live event” in conjunction with other women-centric NFT projects. Variety quotes Reese Witherspoon detailing the plans: Related Reading | Blue Chip NFTs 101 – Let’s Travel To Space With The Doodles Collection “We’re proud to partner with WoW to expand their universe of characters and to develop innovative scripted and unscripted content. We look forward to engaging with the remarkable WoW community at every step of this partnership and creating opportunities for WoW holders to work collaboratively with Hello Sunshine on transforming the WoW art into powerful stories.” Will something come out of it? Will the public react favorably to it? Hollywood is a harsh mistress, nothing is guaranteed. If Reese and World of Women succeed, though, it could translate into big things for this collection’s holders. The WoW story is just beginning. Featured Image: Screenshot from WoW’s website| Charts by TradingView
Oh no! (Insert random exchange nobody Heard about here) went bust! Whitdrawals have been disabled! Yes, that was bound to happen. People need to understand this Is the kind of thing people are talking about when they say bull markets bring a blessing in disguise and bad projects get flushed out. This Is merely removing…
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I’ve been in the crypto game since 2017 and honestly I’ve sold out so many times before bull runs because I was a novice and scared. Nowadays I holy my 60% loss and don’t care at all. Maybe this is what believing in the tech is like. To be fair, I’m an ethereum maximalist because…
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Welcome to the Daily General Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading,…
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EXPERIMENT – Tracking 2018 Top Ten Cryptocurrencies – Month Fifty-Three – Down -32% Find the full blog post with all the tables here. Welcome to your monthly no-shill data dump: Here's the 53rd monthly report for the 2018 Top Ten Experiment featuring BTC, XRP, ETH, BCH, ADA, LTC, NEM, DASH, IOTA, and Stellar. tl;dr What's…
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Coincoinx, a cryptocurrency exchange, will reportedly launch a service that will allow users to skip trading crypto for fiat to make payments in Venezuela. The service, which is called Coinpago, will allow users to make payments in every store and retailer in the country that accepts Pagomovil, a banking service that allows seamless fiat transfers […]
Prices have been declining across the crypto market and with it has come to a lot of doubt on the part of investors. This is reflected in the deposit and withdrawal trends recorded across the various crypto exchanges. One of these has been the funding rates which had remained flat for the better part of the first half of 2022. However, there has now been some movement in the funding rates and it is unfortunately not for the better. Funding Rates Turn Negative Two leading crypto exchanges have seen negative crypto funding rates for the past week. Binance and ByBit consistently appear on the top of the list for the exchanges with the most trading volume and have become a natural home for perpetual traders. That is why changes across these platforms can be significant to market movements. Related Reading | Holding Back The Bears: Why Bitcoin Must Break $22,500 Funding rates have been fluctuating at and below neutral for the better part of the month but the latter looks to have finally won out. After bitcoin had dropped below $20,000 last week, expectations had been that more traders would want to get in given the low prices. However, it has gone the other way as average funding rates are now in the negative. Both Binance and ByBit have recorded average funding rates of -0.0015 for last week. A significant drop from the neutral 0.01% average aggregated funding rates. What this shows is that the bearish sentiment among the perp traders has been growing. As such, they have been leaning towards short traders. Funding rates turn negative | Source: Arcane Research It comes hot on the heels of open interest reaching a new high. Most of which have come from both Binance and ByBit. These two metrics expressly show that short traders are more active compared to their long counterparts. Crypto Sentiment Still Bad Crypto perp traders are not the only ones that are currently bearish on the market. The same is the case across the space where investors have chosen to hold their cards closer to their chest than they normally would. The Fear & Greed Index puts the crypto market sentiment in the extreme fear territory for another day yet again. Meaning that the market has now closed out two consecutive months with the extreme fear sentiment. Total market cap falls below $900 billion | Source: Crypto Total Market Cap on TradingView.com This is apparent in the exchange inflows and outflows, both of which have declined in the last couple of days. However, the ratio of inflows to outflows shows that investors are refusing to take any risk in the market. Bitcoin’s net flows came out to -$29.7 million after outflows had touched $901.6 million for the past day, according to Glassnode. 📊 Daily On-Chain Exchange Flow#Bitcoin $BTC➡️ $872.0M in⬅️ $901.6M out📉 Net flow: -$29.7M#Ethereum $ETH➡️ $261.0M in⬅️ $211.2M out📈 Net flow: +$49.8M#Tether (ERC20) $USDT➡️ $221.3M in⬅️ $207.1M out📈 Net flow: +$14.2Mhttps://t.co/dk2HbGwhVw — glassnode alerts (@glassnodealerts) July 1, 2022 Related Reading | Bitcoin Records Worst Performance For June, Will It Get Better From Here? Tether inflows have remained muted as investors are sentiment less money into exchanges to purchase tokens. With positive net flow only coming out to $14.2 million for the past day. Sell-offs have also continued, threatening to drag the market even lower. Featured image from Analytics Insight, charts from Arcane Research and TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
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