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CRYPTO HODLERS...CAN鈥橳 BELIEVE THIS IS HAPPENING (CARDANO & ETHEREUM NEWS) - YouTube
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it was the legacy financial system
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and never allow them to say that ours is
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the industry that's the risk
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ours is the industry that's the antidote
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to the excesses corruption and nepotism
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that we've found all right welcome back
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everybody to altcoin daily my name's
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austin in today's video i want to share
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with you the latest news involving
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cardano involving ethereum as well as
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lower cap altcoins and much more if
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you're interested in making money with
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cryptocurrency click subscribe right now
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we drop a video every single day
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demystifying this cryptocurrency market
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let's jump in starting with big news
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involving cardano cardano has just
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introduced an erc20 converter test net
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with ai tokens for trial so another big
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step towards full interoperability with
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ethereum slash the entire crypto
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ecosystem cardano founder charles
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hoskinson revealed that an erc20
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converter meaning an ethereum converter
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test net is now up and ready for the
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community to try
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using the ai service provided by
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singularitynet and its agix token
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testnet users can make the most of a
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permissioned bridge to transfer these
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tokens between ethereum and cardano so
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what this essentially means is that
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anybody that likes the network effect of
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ethereum if you like the ecosystem of d5
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that is ethereum but is potentially sick
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of this congestion and high network fees
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can easily make the switch now to
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cardano through this test net in a
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direct quote from iohk
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we are currently building out and
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collaborating on multiple bridges to
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connect cordano to other blockchains
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and this first converter is a vital
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artery in this system the more these
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connections grow the higher the network
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effect to boost the flow of liquidity
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within the cardano ecosystem so a small
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yet significant step and if you're
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asking well how would this work for me
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users do not need technical expertise or
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coding experience to use the converter
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they simply access the tool through a
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url and then proceed by creating a new
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account or configuring an existing
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metamask account so that is the news if
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you like cardano or if you like
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singularitynet then you're loving this
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and let me leave you with an about 60
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second clip from charles hoskinson
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explaining that the legacy system
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traditional finance is done and
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cryptocurrency the revolution is just
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beginning watch this
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it wasn't us who charged 15 to some of
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the poorest people in the world to move
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their money home to take care of their
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parents
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it was the people who ran the old system
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it wasn't us in this industry who
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charged 85
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interest to lend a hundred dollars to a
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subsistence farmer desperately trying to
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survive after a drought
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it was the legacy financial system
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it was in our industry that laundered
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hundreds of billions of dollars for drug
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dealers and evaded sanctions and
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participated in oil for food and all
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kinds of these horrible programs that
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ended up enriching and empowering some
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of the worst human beings the world has
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ever known
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it was a legacy financial system
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and never allow them to say that ours is
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the industry that's the risk
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ours is the industry that's the antidote
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to the excesses corruption and nepotism
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that we've found
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this is an industry of frustration
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that has now been replaced by an
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industry of creativity
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and innovation
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we're going to change the world
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it's just that simple we didn't ask
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permission we came here and we're going
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to get it done together and there's
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simply too many people now the markets
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are simply too large the innovation is
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simply too vast it's going to happen
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it's no longer a question of if it's
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when and how will these dinosaurs find a
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way to survive
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in this new order
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all right
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like it support it get this information
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out to as many people as possible and by
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the way today's video is not just about
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cardano but about the major news
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happening with other altcoins as well
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unicef has just launched nfts on
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ethereum to help connect schools to the
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internet
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so a major sign of support for the eth
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network
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the united nations international
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children's emergency fund unicef
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announced today the launch of collection
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of non-fungible tokens on ethereum to
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commemorate the 75th anniversary of the
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un agency so they're auctioning off
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these nfts and then giving the money to
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children and unicef says that the
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profits from their upcoming january 2022
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nft launch which is an exhibition by
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digital artist and data scientist nadiya
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premier called patchwork kingdoms will
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go towards supporting its many projects
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including the giga initiative to fund
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internet access for children worldwide
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and just to put this into perspective we
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talk about mass adoption of
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cryptocurrency all the time people are
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still fighting for mass adoption of
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internet for these lesser advanced
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communities around the world which i
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support love mass adoption this is an
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example of the artwork one of the nfts
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being auctioned off
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and just to give some backstory the
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patchwork kingdom collection created in
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partnership with nft marketplace snow
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crash labs the ethereum foundation
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matagood and others contains 1000 nfts
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unicef says that in order to subtly
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convey giga's importance each nft is
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painted using data the initiative
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collected from over 282 000 schools in
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21 countries wow so quite a lot of
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meaning in these nfts but the bigger
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picture to me is this is huge validation
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for the eth network
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i'll keep you updated all right before
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we get to mcdonald's i do want to take
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60 seconds and give a big shout out to
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sponsor of the channel the block 5
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now there is a small handful of other
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rewards credit card is with this one
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there is no annual fee which i love
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there are no foreign transaction fees
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which i also love and you can see if
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credit score terms apply there is a link
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down below that's blockfi.com
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altcoindailycc link down below check it
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out because if you use our link during
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honestly give me your thoughts on this
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down below are you using it to
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accumulate bitcoin passively let me know
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link down below
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and next up let's talk lower cap
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altcoins
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virtue gaming introduces play to earn
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online poker model to us players
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so virtue gaming virtue poker that's the
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cryptocurrency and now poker fans in the
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us are now able to access the global
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poker market after a 15-year ban streak
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from the department of dust justice doj
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so to me this is super interesting just
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because i think the thought process here
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is if play to earn models are allowed
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for regular games regular video games
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why wouldn't a play to earn model be
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legal for poker as well i mean we're all
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just earning tokens here and now virtue
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gaming plans to revive the poker market
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in the u.s by connecting players to the
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rest of the world
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through a legal player pool using the
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play to earn model players will be able
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to make real money in licensed
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jurisdictions putting an end to the
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infamous black friday streak when the
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doj took offline the three top poker
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operators ultimate bet pokerstars and
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absolute poker so it'll be very
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interesting to see how this plays out
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and just some background on what virtue
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gaming is and how it relates to virtue
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poker
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virtue gaming uses a set of ethereum
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based smart contracts to operate beside
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a virtual poker deployed sidechain
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turning it into a decentralized
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peer-to-peer online poker site and this
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is backed by major poker player phil
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ivey as well as backed by consensus the
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major developer on the eth network in a
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direct quote from founder of consensus
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joe lubin
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virtue poker is at the forefront of the
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play to earn economy
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by connecting the us market to the rest
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of the world the opportunities for the
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first legally authorized global player
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pool are near limitless
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so give me your thoughts on this down
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below
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as we get more information i'll keep you
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updated and next up a bombshell piece of
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news involving mcdonald's the mcrib and
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nfts the mcdonald's mcrib nft project
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which is already out turns out links to
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a racial slur recorded on the blockchain
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a company needs to weigh the risks and
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rewards when deciding to create nfts
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so quite the predicament mcdonald's is
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in now just for some context
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they made a series of mcrib nfts it was
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a little promotion they did and just for
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context the macrib is available for a
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limited time each year typically around
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october or november
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in this year's press release the company
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described its 10 mcrib nfts as digital
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versions of the fan favorite sandwich
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something to cherish during those long
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summer months when the physical product
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isn't on sale so what started out as an
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innocent promotion because they were
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giving these away for free all you had
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to do was retweet for a chance to win
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little promotion from mcdonald's on
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friday night a trader with this handle
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noticed that an early transaction of
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what appeared to be the eth address
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associated with the official mcrib nft
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collection contained a racial slur
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inscribed directly on the ethereum
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blockchain so the same wallet
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responsible for these nfts turns out had
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a racial slur associated in previous
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transactions from that wallet the
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digital trail appeared to show that
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mcdonald's official twitter account is
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directly linked to the ethereum
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blockchain transaction containing the
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slur now honestly it's probably not
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mcdonald's it's probably just an
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employee but it's just crazy the amount
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of transparency that we have now with
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the blockchain
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pretty interesting
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but that is the video my name's austin
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like always see you tomorrow
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