For Pergolini, the new generations understand that intangible assets can be unique. NFTs could change the way you think about copyright.

In an interview, Mario Pergolini said that people have already understood and accepted Bitcoin as a store of value that could replace what gold has been representing all these years.

The radio and television host, who is currently a member of the sports entity’s leadership, expressed himself in this way days ago during his participation as a guest in the program “Lanata Sin Filter,” which Appears on broadcast through Radio Miter.

“Gold is still a narrative,” Pergolini said, adding: “There are a lot of precious metals that meet the exact requirement, but gold has buyers, and when the number of buyers increases, the price goes up and vice versa.”

“There is nothing relevant about gold, except that we all believe in that store and buy it. Pergolini ended his explanation by saying that “at one point, it is also what happens with cryptocurrencies.”

The dialogue with the businessman, also director of the multimedia Vorterix, went towards the actual boom of non-fungible tokens, better known by its acronym in English, NFT. Specifically, he answered why we are facing a financial bubble or a valid form of value generation.

People Need to Understand that Times are in Constant Change

According to Pergolini, there is a need to drive the mentality to a new understanding, especially when these digital elements are receiving such value.

“First, you have to understand how values ​​change for generations and how certain things are changing. And we are going to have to understand it yes or yes; we may or may not agree, but we are going to have to understand it, “Pergolini said.

The businessman also mentioned, as a comparison, that his daughter struggles to understand the reason why his father purchased music CDs:

«she does not understand why I buy something so limited, that it is in a box that takes place, for her a CD It has no value, and for me it does. For my daughter, on the other hand, to listen to music, a file has a value that she cannot have in her hand until ten years ago they were mp3, and today they do not even know what type of file it is, but it does not matter, it has a value for her ».

“Before we gave value to tangible goods that we could touch and see (gold, stamps, seals or works of art), and now more and more value is given to intangible goods that we probably cannot touch,” said Pergolini.

The guest mentioned other cases of collectibles: “at some point, it was the stamps. You bought a stamp that had a fixed value of, for example, $ 0.40. But over time, it might turn out to be $ 1,000. We were giving it a matter that did not have logic in itself.

By: Jenson Nuñez

On Friday, the DeFi Alliance, a DeFi startup incubator and accelerator, announced a roster of 11 new members. eGirl Capital, the social media terror, and internet subculture-inspired new venture capital firm.

Members of eGirl, are known for their compelling analyzes of the notoriously complex cryptocurrency markets as they are for posting nothing more than just animated porn for weeks.

One of the members (perhaps one of the best and brightest of the cryptocurrency enthusiasts on Twitter) uses an internet personality based on the Pokémon Ditto turned into a sofa. The constellation of meme elements that animate these various comic snippets is too exhausting to summarize.

eGirl has been appearing without pause in some high-profile press releases lately. The group took part in a $ 4.9 million funding round for the DeFi Alchemix protocol.

eGirl also announced investments in Radicle and Unisocks. Next week they will post the first episode of a series of podcasts.

There is a Veil of Mistery About its Funding: Anonymous Money, and Anonymous Venture Capital

eGirl arrived in the world of investment during the professionalization and institutional adoption of cryptocurrencies. Hedge funds that appeared before completely dismissing cryptocurrencies as a scam are now setting up trading desks. Assets are getting so boring that retirement funds are re-directing money to digital currencies.

Traditional venture capital firms bring various degrees of profit to a project in addition to money. Delphi Digital is a good example, while it can actively contribute to the architecture and engineering of a protocol’s contract and token economies. Many bring their experience in public relations and can attract significant publicity.

So, users keep asking questions about how good it would be to work with an organization made up mostly of anonymous and, in the same way, what unknown people think they can contribute. On the matter, eGirl said:

“An anonymous founder started cryptocurrencies with a strong pseudonym constructed right into the core of Bitcoin protocol and all those who came after it. Bitcoin is more solid for that too”.

eGirl said: “While eGirl has invested in a wide range of anonymous and non-anonymous projects, anonymous funds that fund unnamed teams can reverse this trend and bring back the privacy-preserving qualities we all value at the bottom. Of our hearts “.

Although eGirl may be the first famous example of an entirely anonymous venture capital firm, it won’t be the last of its nature. There is a world waiting for a new project like this.

Considering that eGirl is relatively veteran, the group offered some advice for enterprising frog avatars. These offers intend to form their investment organizations; including holding members accountable to each other with clearly defined and solid roles and taking the time to develop theses of sophisticated investment and high conviction.

By: Jenson Nuñez

The star of the iconic nineties series Baywatch has also announced plenty of possibilities of launching NFT on the cryptocurrency social network BitClout.

Pamela Anderson is a familiar face for those who were born more than 30 years ago. The emblematic series of the 90s, Baywatch served as a skyrocket for her career.

The stunning blonde Pamela Anderson is now running a giveaway on the BitClout social network. She gives away three signed physical copies of the latest Playboy cover to her creator coins’ biggest owners.

She said the copies would go to the top three holders of her creation coin, each has its BitClout currency that can go up or down in value, and the winners will appear on March 31. Anderson also hinted that she could deliver NFT to all of her coin holders.

What is BitClout’s Purpose?

BitClout is a social network that creates cryptocurrencies linked to the identities of individuals on social networks. Everyone on Twitter can claim an account on that network, where they have their own “creative” currency.

The project generated several coins that connect to influential Twitter figures, in many cases without getting their permission. Those influencers could claim a share of those coins by joining the network, although they have to pay $ 60 in Bitcoin.

The value of each person’s currency goes based on how many people buy and sell their money. This increase is not balanced, Decrypt says, but is on a union curve, which means that a currency can be more and more expensive the more people purchase it.

But there is a significant struggle. At the moment, money can only enter the social network. It cannot go out. So if a user spends Bitcoin to buy BitClout tokens, which can serve to purchase coins from creators, they would not currently be able to sell their BitClout again for Bitcoin.

The medium adheres that although the social network is an anonymous team’s hands, it also receives back up from a more significant number of Silicon Valley VCs, such as Sequoia Capital, Andreessen Horowitz, Coinbase Ventures, and even Winklevoss Capital.

Decrypt media tells that Anderson’s decision to join BitClout is very striking given that on January 26, the actress left all social networks: Instagram, Facebook, and Twitter. In this regard, she said the valid reason behind her departure from the internet is that she wanted to focus on reading and connecting with nature. Anderson also claimed that those sites are just a waste of time and take control of your brain.

On March 27, it became verified on BitClout. Anderson highlighted the importance of decentralization. Although BitClout gets centralized for the time being, the project plans to decentralize over time. Bitclout currently allows users to complete transactions with diverse cryptocurrencies, including several of their own and Bitcoin.

Anderson recently began to endorse BitClout herself, encouraging others to join it and expressing support for the release of WikiLeaks founder Julian Assange before announcing the giveaway’s details.

By: Jenson Nuñez

Non-fungible tokens are trading for millions of US dollars and have become a new trend. News on multi-million dollar sales has increased interest in these types of assets.

Over the last month, the price of non-fungible tokens (NFTs) has skyrocketed. Many people, like Mike Winkelmann, view them as a way to acquire and trade digital art in the future.

NFTs are increasingly close to the public and have become a revolution. They are a phenomenon that people may not feel right away, but they will soon.

The Christie platform auctioned the artwork entitled “Everydays: The First 5000 Days” by artist Mike Winkelmann (“Beeple”) for USD 69.3 million. It is public knowledge that Justin Sun, founder of Tron, was the bidder that lost at the last minute.

“I participated in the auction. However, another buyer outbid my offer in the last 20 seconds,” said the executive.

What Exactly Is an NFT

In the digital world, non-fungible tokens are an “inimitable” asset that people can buy and sell like any property. As they do not have a tangible form, it is possible to understand them as certificates of ownership of virtual or physical assets.

In that sense, Beeple comments that “you can turn anything digital into an NFT.” He adds that “now there is a [new] way to collect digital art.”

What is the Expert Opinion

Chakradhar Kommera, CTO at RubiX, believes that “NFT activity is increasing right now. In 2020, it was [already] worth more than USD 250 million. This year’s trading volume will be much higher.”

Similarly, Messari analyst Mason Nystrom stated that “some crypto natives are spending money on non-fungible tokens.”

Alex Gedevani, an analyst at Delphi Digital, said that “there are reasons to distrust them. A great supply [of NFTs] are entering the market.”

According to Craig Russo, co-founder of Polyient Games, “NFTs are highly illiquid by their non-fungible nature. Besides, they currently rely on auction-based sales systems to discover prices.”

Reasons for Trading NFTs

Anyone can tokenize their work to sell it as an NFT. However, interest in these types of assets has grown as a result of news on multi-million dollar sales.

Apart from the auction of artwork by “Beeple” for USD 69 million, there are many other cases. Among them are the NTFs of the covers of Time Magazine, and Jack Dorsey’s first tweet.

A few weeks ago, an NFT of digital artwork by humanoid robot Sophia was up for auction. The highest bidder paid the amount of USD 688,888 for it.

Justin Sun bought the piece “Ocean Front”, which was also up for auction, for USD 6 million. The Tron founder said that he now is “the owner of an artwork by the most sought after NFT artist of our time.”

To conclude, the acceptance and trade of blockchain and cryptocurrencies have enabled the NFT mania. However, this is just part of the latest phase of the digital revolution.

By Alexander Salazar

The executive admitted that the fund has invested in the cryptocurrency “infrastructure.” She highlighted the potential devaluation that the US dollar could undergo.

Large institutional capitals are entering Bitcoin (BTC) but investors are embracing and defending the cryptocurrency, beyond all the money moving. On this occasion, Dawn Fitzpatrick, investment leader at Soros Fund Management talked about Satoshi Nakamoto’s creation.

According to Fitzpatrick, future central bank digital currencies (CBDC) are only threatening Bitcoin temporarily. The executive assures that they will not be able to permanently destabilizing the pioneering cryptocurrency. She mentioned all the progress that China has been making in this matter to defend its geopolitical interests. From her viewpoint, this is a potential threat for “other bitcoins”, that is, other cryptocurrencies.

The official added that the digital currencies that States issue will come into operation sooner than people expect. Apart from China’s progress, other countries have already activated their CBDCs, such as The Bahamas and its Sand Dollar.

Besides, the director addressed the international monetary landscape, which the COVID-19 pandemic has affected. She is mainly concerned about the increase in money printing in the United States. She considers that this factor has given Bitcoin greater visibility and has led it to be more than a marginal asset.

Several Factors Have Led Investors to Migrate to Bitcoin

Concerning cryptocurrencies, she thinks that it is a very important moment when Bitcoin could have remained a marginal asset. However, she explained that the increase in the money supply in the United States by 25% has caused fear of the devaluation of fiat currencies.

The fund that Fitzpatrick represents has invested in cryptocurrency “infrastructure”, which is at an inflection point. She did not provide details about the amounts or when Soros started to invest in Bitcoin. However, they recently participated in an investor round with Bitcoin Company New York Digital Group (NYDIG).

Soros director does not see Bitcoin as either a currency or a means of payment but as a commodity. She stated that it is easy to store and transfer and has a limited supply. The official finds that these characteristics are influencing gold investors to migrate to BTC. She noted that “Bitcoin is taking away part of its buyer base.”

Current Crisis Gives Greater Prominence to Bitcoin

The COVID-19 pandemic and the increase in money printing have raised the prominence of Bitcoin. The first cryptocurrency has gained ground because its creator conceived it during another crisis involving money printing.

The US Federal Reserve has made reports on the money supply in circulation that has also raised alarms worldwide. In October last year, they had printed 22% of the total existing US dollars, a figure that Fitzpatrick mentioned.

An increasing number of companies are also investing part of their cash assets in Bitcoin, which was unthinkable a few years ago. The Bitcoin Treasuries service estimates that there are already over 1.3 million BTC in institutional hands.

By Alexander Salazar

The bill defines virtual currencies as a “digital representation of value.” Texas would be the second state in the United States to legalize Bitcoin as money.

The current trade regulation in Texas, United States, could soon recognize Bitcoin and other cryptocurrencies as money. A bill that Tan Parker, a representative of that state, recently introduced before the House of Representatives provides for it.

Bill 4474 seeks “the control of the virtual currency and the rights of buyers, who obtain control” of it. This draft law does it “for the purposes of the Uniform Commercial Code”, the legislation currently in force.

The document that Parker filed with the House of Representatives defines “virtual currencies.” The bill says that they are “a digital representation of value that serves as a medium of exchange, a unit of account, or a store of value.”

That definition is not limited to Bitcoin and other cryptocurrencies as a form of virtual currency, but it does not yet describe specific cases.

This amendment to the trade law would become effective on September 1^st of this year. The third section of the document that Parker introduced a couple of weeks ago outlines briefly.

Second State to Legalize Bitcoin in the United States

The new legal framework would follow the legalization of Bitcoin as money in another state in the United States. After Wyoming legalized the pioneering cryptocurrency in 2019, Texas would be only the second state to do so.

Caitlin Long, Founder and CEO of Wyoming’s Avanti Financial Group, said that they aim to offer cryptocurrency services. She explained that they seek to serve as a bridge between cryptocurrencies and the payment systems that currently exist in the region.

On her Twitter account, Long stated that the inclusion of cryptocurrencies in the trade law was necessary. She commented that it was a long-overdue debt, so she finds it awesome that Texas joins them.

According to the executive, there are still challenges that they must deal with before the new legal framework takes effect. At the moment, she thinks that the bill does not clearly address tax issues for Bitcoin owners. For that reason, she asks those involved to analyze the draft law and attend to those gaps.

Position of the US Authorities on Bitcoin

A new state is turning its attention to the possible implications of Bitcoin as money in its trading dynamics. However, the US authorities maintain a conservative position in this situation.

The Justice Department issued a negative opinion on Bitcoin and other cryptocurrencies in its framework for legal action last year. They highlighted the opportunities to commit crimes and risk American national security that technological evolution provides.

As for the Internal Revenue Service (IRS), they have focused on accumulating tools to track the movements of various cryptocurrencies. They intend to search for evidence of transactions that could threaten privacy, including those with Bitcoin on the Lightning network.

The governments of the world are increasingly aware of the importance of cryptocurrencies, especially Bitcoin, in the economy. However, there are still fears that lead to tightening regulations to control their use.

By Alexander Salazar