🌋 Understand the NFT Explosion 🌋 | July 27th Newsletter
We take a look at the growing utility of NFTs.
July 26, 2022
🌋 Understand the NFT Explosion 🌋
July 27th Newsletter
Hi, there! Whether you’ve been in crypto since way back or just getting started, there’s always something new to learn. This week, we take a look at the growing utility of NFTs. Galaxy Digital Research’s white paper dives deep into the increasing number of use cases for these financial primitives. Also, have a listen to our recent Twitter Spaces with Zerion. Learn how crypto index products can save you time and help diversify your holdings. Finally, check out this broad discussion about all things Merge. Scalara and Index Coop contributors explain why this big change to Ethereum matters.
-@thekindeagle and the Index Coop team
PRODUCT NEWS
🖼 The Growing Utility of NFTs 🖼
While DeFi provided the initial boost to the crypto ecosystem, NFT (Non-fungible token) sales have grown from $59.3m in 2020 to over $12B in 2021. NFTs are now the way that many people first interact with blockchain technology. Centralized exchanges and cutting-edge crypto protocols are building products, like the JPG NFT Index (JPG), as NFT utility expands.
In this whitepaper from Galaxy Digital Research, you’ll learn why NFTs are more than just expensive monkey or pixelated punk images.
CRYPTO EVENTS
📈 The Benefits of Structured DeFi Products 📈
Who has time to both research and accurately pick tokens that will grow and provide long-term value? Structured DeFi products provide a secure, time-effective way to gain exposure to this new asset class.
Index Coop’s @theyoungcrews joined NFT & DeFi portfolio tracker, Zerion, and a few other builders to discuss crypto structured products on Twitter Spaces. From defining what crypto structured products are to how they provide diversified exposure in a single ERC-20 token, it’s definitely worth a listen.
CRYPTO EVENTS
🎥 Why The Merge Matters 🎥
The Merge is one of the most anticipated events in cryptocurrency. Slated for late 2022, the Merge refers to the planned change from proof-of-work to proof-of-stake on Ethereum. To learn more, watch this video featuring Allan Gulley from Index Coop and Nathan Howard from Scalara. This wide-ranging discussion provides a brief overview of the Merge and the downstream effects to DeFi caused by the changing supply dynamics for ETH.
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