Welcome to The Daily Forkast, February 14th, 2022, presented by Angie Lau. For the latest in blockchain & crypto news. On today's show: 00:00 Coming Up 00:53 Korean university to issue NFT graduation certificates. 01:45 Alibaba and Canaan team up on AI. 02:28 Auction data to make Valentine’s NFT bloom. 04:32 Tokenomics with Fusang --- A South Korean university is to issue an NFT graduation certificates. Samsung backed Sungkyunkwan University says its NFT certificates can be used as official proof of graduation without the risk of losing the original or forgery. Just three NFT certificates are to be handed out this Wednesday to students who have won in school competitions. According to Yonhap, the university plans to adopt blockchain technology for various kinds of certificates in an effort to enhance administrative efficiency. Over in China, two huge names plan to work together to develop operating systems for artificial intelligence or AI chips. Crypto mining rig manufacturer Canaan will partner with tech giant Alibaba on the project, although China has banned the crypto mining industry. Canaan is still actively expanding its chip business in the country. It's Kendryte series chips, for example, are used in fields including robotics and facial recognition. Auction house Phillips is getting in on the action with its Japanese inspired My Kawaii Valentine's sale, including one NFT piece that will be generated in part by the auction data. One artwork is to be created during the course of the auction by a virtual meta human influencer and artist named Momoc, developed by Hong Kong based Gusto Collective. Momoc will generate an NFT called Drowning in Love, using data created by the auction process. Phillips says Bitcoin and Ethereum will both be payment options in addition to Hong Kong dollars when buying one of the six NFTs. Angie Lau: Coinbase is a huge name among crypto exchanges, but when it comes to going for an IPO last April it went old school choosing to list on the Nasdaq. But its stock price took a dove in January this year, and it remains below its IPO reference price of US$250. So what went wrong? Who better to ask than someone with a passion to tokenize the world, Henry Chong, CEO of Fusang. Chong: I think they listed in the wrong place. Coinbase's mission has always been to make it as easy as possible to buy Bitcoin. And they've got tens of millions of users to come use their app, mobile and they want to interact with digital assets, blockchain based tokens. And that's why the is worth so many billions in the first place. That's why everyone was so excited about finally being able to actually invest into the company. But then they listed on Nasdaq, a very traditional exchange where they not only had paper shares pop up the other end, but you have to go and open a traditional brokerage account to go buy those shares and you can't do it through Coinbase. And I think that's just a very jarring customer experience. On the flip side, if Coinbase could have opened up their shares their tokens either directly to their own user base or maybe for exchanges like Fusang and allowed their own user base to not only buy those tokens directly, but buy it in a digital format with blockchain based tokens. I think they would be worth double. Lau: Do you think this is creating something of a mismatch in capital allocation when it comes to this? Chong: I think the real issue is that crypto markets ICOs, utility tokens, they have been forced to find alternative value drivers. They can't point to some kind of underlying equity value of value from being a real security. So the only value that they can create is by capturing a network effect, by capturing the value of a platform. And these are this are the reason why these platforms are so valuable in the first place and why people always get so excited about the opportunity to invest in them. If you could just actually issue you own shares as a blockchain based token and offer it potentially through your own platform, to your own stakeholder base, the people who already use your platform who would like it enough to pay you money. Lau: What role do you give SPACs? Chong: I think the SPAC trend that we're seeing in traditional capital markets is really, really important because it just goes to show that the same access benefits that people look for when they buy into an ICO. That same feeling like as a retail investor, I am somehow cut out of the juiciest parts of traditional capital markets and the fact that people are willing to invest into what is effectively a building pool of capital, right? Both SPACs and ICOs. I'm effectively investing off a white paper. I don't really know what I'm buying into, but I'm so hungry and desperate to get access to exciting investments that I couldn't. --- #Crypto #Blockchain #BlockchainTechnology #DigitalAssets #Cryptocurrency #DeFi #AI #Coinbase #NFT #Art #Valentines #Bitcoin #Canaan #MonoC #CryptoMining
Former Real Housewives of Beverly Hills star Denise Richards staged her own beachside photo shoot in some patriotic swimwear
- The Daily Beast
GoFundMeA married couple in their 30s whose toddler is now terrifyingly alone. A preschool teacher. A great-grandfather visiting from Mexico. A financial adviser who rode the train daily. These are some of the lives that were snuffed out by the gunman who opened fire on the Highland Park Fourth of July parade on Monday. A little over a day after the killing stopped, officials released the names of all but one fatal victim of the latest mass shooting nightmare in America. They identified the dece
The mother of the suspect in Monday’s deadly mass shooting in Highland Park has been at the center of some police contact for hours on Tuesday, as well as with a SWAT team in the hours after the shooting.
- The Daily Beast
Photo Illustration by Elizabeth Brockway/The Daily Beast/GettyRussian forces took a key region in eastern Ukraine over the weekend, thanks in part to Moscow stepping up its coordination and war planning, according to a British intelligence assessment released on Tuesday.This change in Russian forces’ approach to fighting in Eastern Ukraine could be the early signs of a brand new—and worrying—phase in Russia’s devastating war in Ukraine.While Ukrainian officials first denied that they had lost Ly
- The Daily Beast
IKHAIL KLIMENTYEV/Sputnik/AFP via Getty ImagesRussian President Vladimir Putin’s key ally Belarusian leader Alexander Lukashenko has started hinting at what may be next in Russia’s war, and it doesn’t sound pretty.Lukashenko claimed this weekend that he thinks it’s time for Europe to face a “moral cleansing.”“The time has come for the forgetful Europe to give itself a moral cleansing,” Lukashenko said, without going into further detail about what that would entail, according to BelTA.Lukashenko
Police are searching for two suspects they said were involved in an attack at a Days Inn hotel in Washington County.
- The Daily Beast
Photo Illustration by The Daily Beast/Courtesy of Lilli MartiniThis story contains graphic imagesI’d been to the July 4 parade in Highland Park so many times. This time, I went with my cousin and her boyfriend, plus another 5-year-old cousin and her grandmother. We walked in the pets and children’s march that comes right before the main parade and then rushed to our seats in front of Walker Bros. pancake house to take it all in—like I had done almost every year of my life.The ambulances and poli
- In The Know by Yahoo
Husband accidentally sends ‘butt naked’ photo of mom to entire family: ‘The most embarrassing moment of my life’
A mom revealed the most embarrassing moment of her life — and it's low-key hilarious.
- Rolling Stone
The one-time triple threat is turning into the king of cringe
Highland Park mayor: People said they could tell by looking at mass shooting victims which were unlikely to survive based on 'unbelievable violence' they endured
Seven people have died as a result of the mass shooting that occurred in Highland Park, Illinois, on Monday. Dozens more are injured.
- Wichita Eagle
Chris Klieman and the Kansas State Wildcats have landed the state’s top football recruit
Editorial use only Mandatory Credit: Photo by Ken McKay/ITV/Shutterstock (12994273d) Macy Gray ‘This Morning’ TV show, London, UK – 21 Jun 2022 On July 4, a day when selective freedom was celebrated in America, it was only fitting that Macy Gray chose to go on known bigot Piers Morgan’s show Uncensored and reveal herself as a transphobe on national television. After all, trans women in the U.S. are still fighting for their rights and for the freedom “Independence Day” claims all Americans are gr
Mitch McConnell says the labor shortage will be solved when people run out of stimulus money because Americans are 'flush for the moment'
Lack of childcare and well-paid jobs might be driving the labor shortage. Mitch McConnell thinks March 2021 stimulus checks are to blame.
- The New Voice of Ukraine
Ukraine’s army is holding back the Russian invasion force on the border of Luhansk and Donetsk oblasts, the head of the Luhansk Oblast Military Administration Serhiy Hayday wrote on Telegram on July 6.
Bill Gates just won legal approval to buy 2,100 acres of North Dakota farmland worth $13.5M — and people are ‘livid’ about it all across the state
The tech billionaire keeps plowing millions into this asset class.
- Nets Wire
A mock trade has the Brooklyn Nets sending Kevin Durant to the Denver Nuggets in a 3-team deal.
Hot off a major summer debut for its latest season, Stranger Things has broken multiple records,...
- In The Know by Yahoo
Her family thinks he's being "controlling."
- Women's Health
Sofia Vergara shows off her toned legs, abs in an IG video where she rides an inflatable bull in her pool. Sofia enjoys walking and maintains a balanced diet.
- Lexington Herald-Leader
At first, her mom kept a list of all the words she could read, but when the list reached 500, “we stopped counting, ‘cause she can just read now.”