The web3 industry never sleeps. Every day, the decentralized blockchain-based world of the future is taking shape. As usual, we offer a selection of news and developments highlighting this growth.
As BeInCrypto reports, over 50% of the Latin American consumers have already tried to use crypto to make transactions. The source of this info is MasterCard, so this figure is certainly worth our attention. More than that, it looks like the local crypto owners feel confident about the future of blockchain and next-gen fintech.
- 82% of the Latin American respondents surveyed would be delighted if their financial institutions could offer crypto options
- In addition to that, approximately 66% of them would be happy to enjoy greater flexibility when it comes to ‘switching between traditional and crypto payment methods.’
Snoop Dogg is a well-known fan of NFTs and web3 in general. He is both a seasoned investor and market player who has already offered several popular token collections. That is why his opinion concerning the current problems is valuable, beyond any doubt.
And that is what he says: ‘I feel like every great industry has a downfall’. At the same time he stresses that there is a bright side: the current crisis has ‘weeded out all the people who weren’t supposed to be in the space and who were abusing the opportunities that were there’, so ‘now it’s going to bring on great business, and moving forward.’
Indeed, it is a likely outcome!
Non-fungible tokens have already become an important factor in the world of art, show business, and professional sports. What about social initiatives? Why not? For instance, in the US, Molly Dickson, a crypto artist, has decided to take action after the recent decision made by the Supreme Court. To support reproductive rights across America, she ‘created a 10,000-piece NFT collection to raise funds’ for that. The plan was as follows: to raise $3 million!
Another instance of the growing role of crypto in the US: according to Bloomberg, 2022 is the year when crypto is becoming a major factor in America’s domestic politics. For the first time ever, ‘political spending by… the crypto industry has eclipsed the dollars…spent by traditional donors in Big Tech and pharma’.
Facebook is testing a promising new blockchain feature. The giant social network is starting to support NFTs with a limited group of US-based creators. Navdeep Singh, a PM working at Meta, shared the following piece of news: ‘We’re launching NFTs on Facebook! Excited to share what I’ve been working on with the world.’