Polygon (MATIC-USD) Gathers More Positive Press From Celebrity – InvestorPlace | Omd Cialis

There was a lot of good press for polygon (MATIC USD) – and quite the opposite for helium (HNT USD) and Axe Infinity (AXS USD). Let’s get to the headlines and the new crypto ETF set to launch this week.

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Polygon collects more positive press from celebrities

Muse – one of the biggest arena rock acts of the 2000s and 2010s – released singles that got decent airplay this year, like “Compliance” in July. January’s “Won’t Stand Down” was also nominated for a Video Music Award.

Now Muse is releasing his first full album in four years… as an NFT. “It’s the first new format to hit the charts since the album streams in 2015,” he says The guard. And it happens on the polygon (MATIC USD) Blockchain, courtesy of music NFT platform Serenade, which works with the label of Muse (Warner Records UK).

By choosing Polygon, Serenade is able to incorporate eco-friendliness into its branding:

“Compared to other leading blockchains like Ethereum, Polygon’s carbon footprint is 44,000 times smaller,” reads Serenade’s about page. They say it’s 1/10th of a tweet – and “You’d have to mint 197,000 Serenade NFTs to match the carbon footprint of a single 12″ vinyl record.”

His new partner Warner Records just has a ton of big acts on his label. I can’t wait to see who will be next to embrace NFT’s new music chart format.

Even Bigger Celebrity: For crypto and blockchain ether (ETH USD) founder Vitalik Buterin is even bigger than Muse in alternative rock.

Vitalik’s latest tweet appeared to support open metaverse platforms, often working with Ethereum companion chains like Polygon, having originally been built on top of ETH.

But the most enthusiastic endorsements tend to be infrastructure projects. While we are still laying the foundation for the new digital world, Vitalik Buterin has also spoken out in favor of zero-knowledge (ZK) rollups.

For better scalability within the Ethereum ecosystem, developers have historically tended to use “optimistic rollups”. In a July interview, Vitalik noted that “ZK rollups reduce security risk, even if the rollup is very high capacity,” and said that “zkEVMs will do a lot of things on L1 and L2 more amazing.”

And who is launching the first zkEVM (a virtual machine that can be deployed on Ethereum with zero-knowledge technology)? Yes: polygon.

“The future is now,” Polygon stated on July 20, announcing that Polygon’s zkEVM code is now open and available for developers, and “soon we will have a public testnet.” Polygon’s MATIC crypto is a standby of ours Crypto Investors Network Portfolio, but they just issued a subscriber alert with another pick that is particularly urgent.

Ethics allegations against Helium and Axie Infinity

I have written about this before helium (HNT USD) and how it aims to provide decentralized Wi-Fi… Starting with the Internet of Things (Internet of Things) devices such as Lime electric bikes and scooters. I remembered seeing information about Helium/Lime from 2019 – but when I looked for more recent information I came up empty-handed, making it seem like the partnership had died out.

Indeed, Lime is reportedly “preparing a cease and desist letter to Helium” for listing Lime as a partner in its marketing… And even saying so The New York Times in February. Lime says that in the summer of 2019 she only had a “quick test of [Helium’s] Product that hasn’t lasted more than a month or two.”

Foreclosure (NYSE:CRM), “whose logo appeared right next to Lime’s on Helium’s website, stating that it doesn’t use the technology either. “Helium is not a Salesforce partner,” said Salesforce spokeswoman Ashley Eliasoph The edge.”

Luckily for those mining (or investing in) crypto with Helium hotspots… HNT prices have reacted very little (as I write) since Helium’s bad press began on July 25 with viral tweets about its meager earnings to date.

and Axe Infinity (AXS USD) is actually high around +7% (with other major cryptos) after its latest controversy:

Bloomberg reported on Thursday that “Axie Infinity’s CEO moved crypto tokens before the company exposed the hack.” In fact, $3 million worth of crypto!

Axie leadership famously didn’t notice the $625 million theft for six days before sounding the alarm…or so it seemed. But about 22 hours before Axie announced the hack, AXS’ $3 million was transferred to a crypto wallet that had “received an initial distribution of tokens made in November 2020 to individuals associated with Axie Infinity” — which according to BloombergWe can assume that the source of ‘ is one of the founders. When he investigates further, he concludes that it was none other than CEO Trung Nguyen.

Bloomberg‘s insider trading report was “unfounded and false,” Nguyen said on Twitter; His team was just trying to “provide liquidity while we worked towards full bridge support.”

“The founding team chose to transfer it from my wallet to ensure short sellers tracking official Axie wallets can’t push the news,” Nguyen added.

Either way… I’m sure Axie players and investors would have appreciated the heads-up that Nguyen and the other founders sat in for at least 22 hours! That’s another reason to play it safe — and stay away from this once-promising play-to-earn (P2E) project.

Charles Schwab will launch “Crypto Stock” ETF

Like most growth investing, it’s been a rough year for crypto stocks… And now, Charles Schwab offers a new way to buy the dip.

This Thursday, the Schwab Crypto Thematic ETF will come public on the NYSE under the ticker symbol “STCE.”

Instead of tracking actual cryptos (through futures contracts)…the company chose to construct its Schwab Crypto Thematic Index from “crypto stocks.” Below are the top 10, which make up 49% of the index. They are mainly trading apps, miners and companies that supply or fund them:

Source: Schwab Asset Management (as of July 29, 2022)

Charles Schwab follows competing fund providers into this corner of the market – while charging the lowest fees. STCE charges are 0.30%, while Fidelity charges 0.39% and BlackRock charges 0.47% for similar ETFs, per blocks.

Meanwhile, ETFs that invest in Bitcoin futures, for example, might charge 1% or 2%. The comparable crypto equity fund Grayscale Future of Finance ETF (NYSEARCA:GFOF) has more than twice the fees of Schwab: 0.70%.

So these low-cost crypto funds (from big firms) have a good chance of attracting big dollars for the ETFs — and therefore the underlying stocks.

Quote of the Day:

“The Fed is becoming increasingly likely to prematurely thaw this crypto winter.”

– Luke Lango & Charlie Shrem, Crypto Investors Network

Luke and Charlie’s current view of the state of the crypto markets concerns two possible scenarios:

“We still think a year-end consolidation ahead of a new boom cycle in 2023 is the most likely outcome,” they explain in their update on Saturday Crypto Investors Network.

But here is the other possibility related to bitcoin prices:

“What was once a sideways consolidation pattern has suddenly turned into an up-sloping trend channel. Based on historical resistance levels, it looks like this channel could soon become the support line for a new uptrend that will see BTC rally back to all-time highs by the end of the year.”

Why? The Federal Reserve. “The futures market has made a dramatic turn over the past month to predict that the Fed’s last rate hike will be in December 2022,” report Luke and Charlie.

“Unfortunately, cryptos had their best month of the year when the futures market made this pivot… If the futures market is right and the Fed starts a rate cut cycle in early 2023, then this current breakout in BTC could be the start of one new ‘boom cycle’.”

Concluding the update, Luke and Charlie say, “Until then, we continue to preach an investment strategy based on patience. If this current breakout accelerates, we’ll immediately put more chips on the table. For now, however, we still believe this is just an upside move in a sideways consolidation channel.”

However, there is one crypto that Luke and Charlie are particularly excited about at the moment. That’s because it has a unique catalyst compared to what’s been going on with its competitors lately. Click here for Charlie’s briefing on the strategy involved. When you log in Crypto Investors Network Today see their latest Saturday notification on their urgent crypto play.

At the time of publication, Ashley Cassell held no position (neither directly nor indirectly) in the securities mentioned in this article. The opinions expressed in this article are those of the author and are governed by InvestorPlace.com Posting Policies. To get more messages from The New Digital World delivered to your inbox, Click here to sign up for the newsletter.

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