Discover more from Token Dispatch
Shapella is a hit?🏌️
Ethereum hits $2100 after Shanghai upgrade. Amazon joins Google and Microsoft in the AI war. Canon, Adidas, Mastercard all bring NFT news. BitBoy will not show up. Solana’s Saga smartphone has arrived
Hello, y'all. Buying eggs with Bitcoin just got cheaper 👏
The St. Louis Fed has been tracking Bitcoin price of dozen eggs.
Egg prices fell for the third mont
March »»» 13,714 satoshis
February »»» 18,077 satoshis
January »»» 23,800 satoshis
Satoshi is the smallest unit of Bitcoin, worth 0.00000001 BTC.
This is The Token Dispatch; show us some love on telegram 🤟
Shapella has hit a home run. No run-ins, no glitches, no drama. Smooth and sweet. Like butter and fresh cream. It's all Ethereum ❤️🔥
What do we know?
Major unlocking: 17.6M ETH has been unlocked, ~$34 Billion. That's ~15% of the circulating ETH supply.
Partial withdrawing: Only ~$100 Million can be withdrawn per day. So that's ~10 days of processing time.
Partial exit or full exit: Validators can choose between the two.
Partial exit: Withdraw the rewards, but continue to keep their 32 ETH stake on the network.
Full exit: Withdraw their rewards, initial 32 ETH deposit, and leave the network entirely.
Kraken exit: The crypto exchange is shutting down it's staking business. So it’s at the top of "waiting to withdraw queue”.
What are they saying
Matthew Niemerg, co-founder Aleph Zero: “It is entirely possible that there will be more people willing to stake ETH (locking up liquidity and reducing the available supply) after the upgrade, as people will be more certain that they can safely unstake their ETH."
Nansen analyst Martin Lee: “That’s expected since it’s just the beginning. Validators that have accrued excess ETH from earnings would want to unstake since they’re only accruing rewards on 32 ETH. Top deposits so far have come from a few entities. Lido, OKX, Kiln.fi, Frax. Most notably from this wallet that we have labeled as 'P2p ETH2 Depositor.' [They] Deposited 50,000 ETH,"
Upgrade is an upgrade, and an upgrade gives them moves.
ETH token 🚀
The numbers look impressive. Very impressive.
A lot can happen from now to then (whenever that is)🤞
Why not sponsor us, eh?
TTD AI round-up 🕹️
AI War - Google + Microsoft + Amazon
Amazon has entered the generative AI race with the launch of Bedrock.
Alright. What does it do?
Built on top of Amazon Web Services
Allows developers to build and train generative models.
Creating AI models to generate images, music, and text.
Includes pre-built models, tools for data preparation and training.
A marketplace for sharing and selling models.
The move puts Amazon in competition with other tech giants, such as Google and Microsoft, who have also invested heavily in generative AI.
In other news
Vitalik Buterin's new blog post discusses ChatGPT. He reckons that even though ChatGPT can't directly give accurate answers, it is particularly good at teaching some libraries and APIs. It reduces barriers to entry between hobbyists and professionals and that's a very positive thing.
Chaos-GPT is an AI tool programmed to "empowering GPT with Internet and Memory to Destroy Humanity." The tool was created by a team of researchers at the University of Colorado, to explore the potential dangers of AI and the ways in which it could be used to harm society.
The US Department of Justice (DOJ) has claimed that Google's search engine "monopoly" has stifled innovation. Bloomberg reports, DOJ has argued that Google's dominance in search has limited the ability of other companies to access the data needed to develop AI technologies.
TTD NFT buzz ⏰
Canon snaps Web3
The Tokyo-based firm is set to launch Cadabra. A curated photography marketplace for tokenised photographs on Ethereum, and is set to roll out later in 2023.
Tell me more
Offer photos across categories - wildlife, sports, lifestyle and landscapes.
Will feature both initial drops as well as secondary marketplace for reselling the NFTs.
Let participating artists offer physical prints of the images, fulfilled by Canon.
US only, to start with. Will support both credit/debit card and crypto payments.
Canon previously launched a series of photo NFTs on Solana in July 2022, collections featuring tokenised shots from renowned photographers.
In other news
Adidas ALT[er] Ego: Global sneaker and lifestyle brand has released the chapter 1 of its ALTS dynamic NFT collection, featuring artwork inspired by the brand's history and future. Holders of Adidas' Into The Metaverse NFTs can burn their tokens to join the new dynamic NFT ecosystem.
Mastercard Drops: A new NFT offering called "Music Pass" that provides holders with exclusive access to music-related perks and experiences. It can be minted for free until the end of April. Mastercard has also launched a Web3 artist accelerator along with Polygon.
Pussy Riot's virtual church: The Russian feminist punk rock group has partnered with virtual social network IMVU to create a metaverse "utopia" called "The Future is Female." It will support gender equality, LGBTQ+ rights, and environmental sustainability.
TTD Blockquote 🔊
Ben Armstrong, Creator. Author. People’s Champ (that's his Twitter bio) 🤦
“I will not be showing up”
YouTuber Bitboy, and people's champ (that's him claiming, not us confirming) has been ordered to appear in court to face lawyer Adam Moskowitz harassment claims. He has been alleged of harassing Moskowitz and his family, including sending threatening messages and making false accusations.
Bitboy is having none of it. Champ is always a champ 🙆
TTD Check it out 🧐
Solana’s Saga smartphone has arrived.
A web3-first smartphone
What does that even mean? User experience designed for decentralised applications and managing digital assets.
What do we get? A built-in hardware wallet, a decentralised app store and a secure enclave for private keys.
What does it cost? A $1000. That's steep.
News is news, and news makes them things move.
SOL token 🚀
Can Solana make it a success? The device is available in limited quantities and at a high price point, which may limit its appeal to mainstream users. Now begins the tough road that has seen a lot of failures walking this path.
TTD Surfer 🏄
Singapore-based crypto exchange Bitrue hit by a security breach, hacker robs a hot wallet of $23 Million in Ethereum, SHIB and other assets.
Euler suffered a $200 Million hack last month, but the hacker returned most of the money. DeFi insurer Nexus Mutual covered losses for people who ended up not actually having losses. Now the Mutual could get lawyers involved if the $2 Million refund from the hack claimants.
The right to mine bill, for crypto miners’ rights in the US state of Montana, successfully passed the third reading in the state’s House of Representatives. Now, the only thing required to become law is the governor Greg Gianforte's signature.
Gaming hardware and peripherals company Razer has launched a Web3 incubator to fundWeb3 games through its venture arm.
If you like us, if you don't like us .. either ways do tell us✌️
So long. OKAY? ✋
The Token Dispatch is a daily newsletter that takes you on a 4-5 minute drive through the wild west of the Crypto World. Daily in your email inbox @13:00 GMT. Almost always.