Web3 Digest in 69 Seconds

Discover what is happening in the Web3 space with Ascend in 69 seconds.

Ascend
August 16, 2023

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Machi Big Brother owns 300 DeGods, and 50 are on loan in Blend. Combining these, we can conclude that 350 DeGods, or 7% of the total supply, are in the possession of forced sellers (source).
Frank requested Machi, in an open X space, to avoid dumping all 300 DeGods at once and asked for a 1-hour chat. Machi agreed to the meeting. Let's see what unfolds (source).
Luca, the founder of Pudgy Penguin, is teasing IP Licensing, sharing his highly effective approach to establishing a lasting value accumulation system for these holders (source).

7% of the DeGods’ supply is in the possession of forced sellers

The Bitcoin ETF will require us to exercise patience. The SEC has extended its deadlines, now targeting early 2024 for potential approval (source).
The volatility of Bitcoin has reached a 5-year low (source).
Dubai subsidizes licenses for AI and Web3 firms, building a tech hub in MENA. Dubai AI and Web 3.0 Campus, via DIFC, attract global talent and investors (source).

BTC Volatility hits 5-year low (source)

Morocco has formally submitted an application to join BRICS, signaling a growing trend of countries entering the race (source).
52 years ago today, President Nixon halted the US dollar's conversion to gold, shaping global monetary systems and influencing economies ever since (source).

Gold / USD Chart weekly time frame

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We hope this daily Web3 recap helps you in your Crypto and NFT journey!

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