Web3 Wednesday: Ledger Intros DeFi Tracking on Hardware Wallets

If you haven’t seen Twitter Tuesday yet—wherein Sam Bankman-Fried is arrested and the Twitterverse shares its schadenfreude (and I share my poem by that title)—then you’ve got to check this out. Schadenfreude runs wild and free. Click here to collect the NFT. Only 75 will be issued, so get yours before they fly away!

If you want to learn more about Cent Pages, and I know you do, listen to the latest episode of Defluenced.

We’re almost at the very end of this opportunity to vote on your favorite Web3 projects.

How About Some Web3 News?

Ledger adds DeFi tracking to its hardware wallets.

Constitution DAO is making a second attempt to buy the U.S. Constitution. The DAO failed the first time, but came very close to buying the Constitution. This time around, the DAO is allowing members to make private contributions to mask how much it has to invest. Smart move!

A California judge has ruled that the Commodity Futures Trading Commission (CFTC) must serve specific DAO members rather than the entire Ooki DAO. In October, the CFTC sued the Ooki DAO and served the DAO through an online discussion forum. Now, it appears, the CFTC will have to serve the individuals in the DAO, specifically the founders, rather than the DAO itself. Of course, the legal system allows the CFTC to make an appeal to a higher court and attempt to overturn that ruling. I suspect that is what the CFTC will do, which will drag the case out longer as the parties make their arguments before the appellant court. It could go all the way to the Supreme Court before a determination is made on the nature of DAOs. It’s an important case because it gets to the heart of whether CFTCs should be treated as traditional business entities, which are considered fictitious persons according to the law. DAOs should not be treated as fictitious persons as they are non-hierarchical entities where all the members are equals based on their stake within the organization. There aren’t officers and traditional organizational representatives. It’s more like a co-op than a business. I can’t wait to see how this turns out.

If you thought cryptocurrency exchanges like Coinbase, Binance, and FTX were safe places to store your crypto, you need to read this. This can’t be repeated often enough: Not your keys, not your crypto.

Cobo, Gnosis Safe, and MetaMask Institutional are introducing a soulbound token.

How Web3 will allow us to present our more authentic selves. Web3 is also making the internet more artist-centric. Since artists have their own unique and brandable personas, Web3 will allow them to portray their artistry evenly among all platforms. Fans will also have the ability to interact with those artists cross-platform in a more authentic way. The rest of us will not have to play hopscotch with our identities, either. This is the true value of Web3, if we ever get there.

The 12th edition of the Nice Classification will include NFTs. The Nice Classification is an international classification of goods and services that have applied for trademark registration. It’s published by the World Intellectual Property Organization.

Zales gave out free NFTs for online jewelry purchases in a yesterday-only deal.

How does a hard fork impact the value of an NFT?

Request Finance launches a Web3 guide for CFOs.

One UK company was building a military metaverse but decided to throw in the towel. Meta, on the other hand, is not giving up on its metaverse. They’re taking it to Africans through cell phones. The city of Seoul got citizen input on a government-run metaverse pilot program. Don’t miss this TED talk: Can the metaverse bring us closer to wildlife? Failure doesn’t mean you haven’t succeeded. It means you’ve given up. Why lose interest in the metaverse just because everyone else has?

How to become a Web3 developer. CRADL announces the winners of the Consensus 2022 Web3athon.

Miidas NFTs sell out in 5 hours.

DOGAMI secures $14 million for Web3 mobile game. Web3 music platform Public Pressure raises $6 million.

Fellaz is launching a Web3 lifestyle membership service.

What’s Happening in Web3 Circles?

The below links have been posted on Web3 platforms in the last week.

On Hive

@pjansen lists the top 500 Actifit Leaderboard. HINT: I’m on the list!

The City of Neoxian set some NEOXAG to several users erroneously and @cryptothesis returns his.

Why @r1s2g3 is focusing on Publish0x when he’s doing just fine on Hive.

Here’s a 4-step evaluation framework for blockchain and crypto projects. This is a great read, which is not surprising to me because @paulag very often shares great posts.

@forexbrokr shares how to create synergy between your email list and Web3 accounts.

On gFam

Jose Drivas celebrated his girlfriend’s birthday.

Alexa.art got a little surreal.

On Publish0x

Binance could be charged with money laundering in the U.S. This should be top news today. If it wasn’t Web3 Wednesday, this news would be the top item and from a top-tier news agency.

More Binance FUD.

How banks charge you interest for borrowing your own money.

Robinhood rolls out a crypto surprise.

4 common crypto market manipulation practices. If you’re not familiar with these, you should get familiar now.

On Read.Cash

@pajeroz shares his 11-month journey at Read.Cash.

@cryptotexty highly recommends a Netflix documentary on Ukraine by David Letterman.

How to make money building websites.

On Torum

Someone in Japan put Santa Claus on a cross.

What happens when all 21 million bitcoin have been mined?

Snark and commentary are in italics. Inclusion of an item doesn’t mean I agree or endorse the ideas presented. Of course, it also doesn’t mean I don’t.

Cryptocracy is a decentralized newsletter published several times a week. I curate the latest news and crypto analysis from some of the brightest minds in crypto, and sometimes offer a little insightful and snarky commentary. Always fresh, always interesting, and always crypto. Original articles on Fridays.

First published at Cryptocracy. Not to be construed as financial advice. Do your own research.

Image credit: NFT Evening