Dubai: Crypto & Coffee at 8: 🚨19th July🚨 Global crypto market cap crosses $1Trillion! 🎁 Buy the rumour sell the news 😳 👀 Web3 = next ICO craze?
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19th July 🎁 Buy the rumour sell the news 😳 the global crypto market cap crosses $1Trillion!

💥 Ethereum Community Conference 5 takes place from 19th -21st of July. Info of the event here https://ethcc.io/ Historically in the crypto world price pumps before these events & dumps immediately.

• 24hrs — Polygon Matic up by 22%
• 24hrs — Ethereum up by 9.37%
• 7Days — Polygon Matic up by 55.82%
• 7Days — Ethereum up by 30.81%

💥 The Merge date for Ethereum is the 19th of September. Ethereum Beacon chain community director, who goes by Twitter id Superphiz, posted a series of timelines https://bit.ly/3AZsza4 This news could have led the price of #ETH to pump

🎓Bitcoin.com has a detailed explanation of this. An informative read here https://bit.ly/3aKZcNU

👀 Web3 = next ICO craze? ❗ Cointelegraph posted an article hew hours ago that shares info on how Web3 dominates venture capital interest in the blockchain industry in Q2 2022. The article also mentions despite a large slump in global markets Andreessen Horowitz closed a $4.5 billion crypto fund, and investment continued to flow into different sectors of the crypto industry. More info here https://bit.ly/3BfXpeP

❗ Christie’s the British auction house founded in 1766, launches Venture Fund & will fund emerging technologies and financial innovations relevant to art. They have successfully closed their first investment in LayerZero Labs. Info here https://bit.ly/3AYpCXb Christie’s Ventures will start by exploring three broad categories: Web3.0 innovation, art-related financial products and solutions and technologies that enable seamless consumption of art.

❗ Finance Magnates makes a very good attempt to explain what Web3 actually means. A decentralized version of the web, with a money layer, in which users take independent ownership of their own data and digital identity. Good info here https://bit.ly/3oaV6BE

🚫 Is Web3 another gimmick to lure VCs to invest? We at Blockchain DXB very strongly feel Block + Chain technology has a very limited use case using Cryptography + Hashing Algorithm + Mathematics + ZK proof. A 100% Distributed network is extremely hard to organically materialize. Game theory + Human Greed + Demand vs Supply is an extremely tough problem to solve.

❗ Jack Dorsey CEO of Square has a different and tbh more straightforward approach to Web5, not Web3 More info here https://bit.ly/3yTetEe.

JackDOrseyshas a different and to be honest more straightforward approach to Web5, not Web3 based on TBD website it says

Web 5 is a decentralized platform that provides a new identity layer for the web to enable decentralized apps and protocols.

The definition talks about how In the current web model, users do not own their data or identity. They are given accounts by companies and their data is held captive in app silos. To create a new class of decentralized apps and protocols that put individuals at the centre, we must empower them with self-owned identity and restore control over their data.

Jac Dorseys platform TBD embraces the convenience of Web 2 but it also returns control back to the users, an ethos of Web 3. The harmony of these two views is what we're calling Web 5.

The current focus is “ Decentralized Identity” TBD has Twitter Spaces with quite a lot of useful information. A panel discussion on Decentralized Identity a lot more here https://bit.ly/3PwrZEw The great thing is it is Open source and, where appropriate, built on open standards.

💥UAE news: (Check slides )

• Kraken Digital Asset Exchange and RAKBANK allow investors to fund virtual asset investments through their local bank accounts
• New Technology Systems LLC (NTS), Intertec Systems, Konvexe, Block Armour, and Blockchain Worx SG today announced a strategic partnership to expand blockchain-based enterprise solutions in the Middle East region — Zawya

For slides click here:https://bit.ly/3B1mf1Q

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