Good Morning Fintech!
Today’s Newsletter talks about:
Solana lab’s plans for Web3
NFTs coming to Facebook (Meta)?
The Newest Unicorn in Crypto (still Undervalued!)
But first lets take brief look at the Market
Solana Labs' Next Big Web3 bet? Mobile apps—and a Smartphone to go with them.
An open-source software toolkit called Solana Mobile Stack (SMS) enables the creation of native Android apps based on the Solana blockchain.
Solana Labs will introduce its own Android smartphone branded “Saga”. Scheduled for early 2023 release (Price expected to be $1000).
Solana developers are first on the waiting list for Saga. These early adopters will receive a limited-edition NFT commemorating the phone's release.
NFTS WILL SOON BE AVAILABLE ON FACEBOOK
There have been speculations that NFTs are coming to Instagram. Mark Zuckerberg provided some updates yesterday.
Here are some of the essentials:
Next up for Facebook is NFTs. Be prepared for your uncles and aunts to share NFT screenshots in the family group chat!
More users are now able to access Instagram's NFT services. Additionally, you can showcase your NFTs on Instagram stories.
Instagram Marketplace is currently in the works.
Till 2024, no revenue reductions. It appears that FB won't receive any compensation for 1.5 years.
THE NEWEST CRYPTO UNICORN, MAGIC EDEN
Magic Eden, a Solana-based NFT marketplace, raised $130 million.
They're worth $1.6 billion after only 9 months. They are also the most recent crypto company to achieve unicorn status.
According to DappRadar, over the last 7 days compared to OpenSea, Magic Eden has more:
Sales volume: $84 million vs. $65 million
122k active users vs. 66k
Solana NFTs are now available on OpenSea's marketplace. Many people believed it was the end of Magic Eden...So far, the reality? Magic Eden remains the best option for Sol NFTs. By far.
Noteworthy Crypto Events happening This Week
European Blockchain Convention ( June 26-28, 2022, Barcelona, Spain )
Participants will get the chance to network with leaders and innovators who are redefining the banking, cryptocurrency, and blockchain industries
The conference covers DeFi, NFTs, and Web3 in addition to panels, keynotes, seminars, and discussions regarding cryptocurrency and blockchain.
MEME OF THE DAY
Disclaimer: This is not financial advice or recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.