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To accelerate developments within the blockchain tech industry, the Global Startup Ecosystem (GSE) will be hosting the 4th annual Blockchain Tech Summit-Virtual EditionTo accelerate developments within the blockchain tech industry, the Global Startup Ecosystem (GSE) will be hosting the 4th annual Blockchain Tech Summit-Virtual EditionThe Blockchain Tech Summit is the world’s most exclusive event featuring hundreds of entrepreneurs, investors, pioneers, and creatives under one roof to address humanity’s greatest challenges via blockchain technology. The summit also serves to teach fundamentals of Blockchain technology, leading applications of Blockchain technology, and startup development strategies via exclusive workshop sessions with award-winning experts.

Global Startup Ecosystem (GSE) will be hosting the 4th annual Blockchain Tech Summit-Virtual EditionTo accelerate developments within the blockchain tech industry

Blockchain Tech Summit New York, United States | Gagsty

Blockchain Tech Summit

Under the slogan “Build, Learn, Use and Adopt”, Venezuela's crypto summit, Caracas Blockchain Week, returns. In this new edition, the capital city will be filled with the most recognized figures of the national and international web3 ecosystem to demonstrate why the South American country continues to be a reference point for the ecosystem of the entire region.During this new and larger edition, attendees will be able to enjoy conferences, panels, workshops, experiential activities and learn about the new uses of blockchain technology and even develop new projects and businesses in the first Crypto Hackathon in Venezuela.

La Conferencia Global de Bitcoin y Web3 de Venezuela Hackathon y Talleres: Del 24 al 26 de Octubre Conferencia: Del 27 al 28 de Octubre

Caracas Blockchain Week Caracas, Venezuela | Gagsty

Caracas Blockchain Week Caracas, Venezuela

Caracas Blockchain Week

State of Crypto: Policy and Regulation&nbsp;is a one-day event uniting key policymakers, regulators and government officials with legal, policy and compliance executives representing the largest and most influential TradFi and DeFi leaders in asset management and financial services. This event is for GCs, CCOs, CLOs, COOs, heads of policy and government affairs who are evaluating or actively investing in digital assets.The industry will meet to set industry standards and align on practical short-term and long-term objectives through pointed conversations with the best legal minds and Washington D.C.’s most important decision makers. The gathering provides an unprecedented opportunity to evaluate, dissect and ultimately shape crypto regulatory frameworks that support a vibrant, secure and healthy future for the digital economy.

State of Crypto: Policy and Regulation is a one-day event uniting key policymakers, regulators and government officials

State of Crypto: Policy and Regulation | Gagsty

State of Crypto: Policy and Regulation

Exhibit ItemsContents &amp; SolutionGame/Entertainment Digital Human Contents/EngineInfra &amp; PlatformDigital Twin Cloud/AI/Data Web3.0/Blockchain/NFTHardwareVR HMD/AR Glass Chip/Semiconductor/Display PC/Mobile/Controller

Metaverse Korea 2023 Seoul, South Korea

Metaverse Korea 2023


                
                    
                    
                    Bitcoin remains on track to seal its highest monthly close since May 2022, but BTC price is stubbornly rangebound.
                    Bitcoin (BTC) brushed off fresh United States macro data into the Nov. 30 Wall Street open as traders focused on the monthly close.BTC/USD 1-hour chart. Source: TradingViewPCE keeps Fed pivot pressure aliveData from Cointelegraph Markets Pro and TradingView showed BTC price movements sticking to a narrow intraday range below $38,000.After a failed breakout the day prior, hopes were high that the Federal Reserve’s “preferred” inflation metric, the Personal Consumption Expenditures (PCE) Index, would help fuel volatility.This, however, had not come to pass at the time of writing, with November’s final Wall Street open still to come. PCE came in broadly in line with expectations — a boost for the Fed’s monetary tightening and reinforcement of declining inflation.Querying whether interest rates might now begin to fall — the key takeaway for risk assets — financial commentary resource The Kobeissi Letter nonetheless stayed cautious.“Another sign inflation is falling but still above the Fed's 2% target. Can the Fed really pivot now?” it queried on X (formerly Twitter) after the PCE results.Kobeissi once again alluded to words from Bill Ackman, founder and CEO and founder of hedge fund Pershing Square Capital Management who earlier in the week predicted rate cuts beginning as soon as Q1, 2024.“It's important to note that the effects of monetary policy lag. However, does the Fed really want to risk jumping the gun and cutting rates too soon?” it continued.“We believe calls for rate cuts in Q1 2024 are too ambitious.”Fed target rate probabilities chart. Source: CME GroupPCE did not manage to dent market expectations of Fed policy, with data from CME Group’s FedWatch Tool still showing almost unanimous expectations of a rate hike pause continuing next month.November BTC price gains near 10%For Bitcoin market participants, however, the monthly close was of more interest.Related: Bitcoin ETF will drive 165% BTC price gain in 2024 — Standard CharteredBTC/USD was up nearly 10% in November at the time of writing, making it the first “green” eleventh month of the year since 2020. Above $37,660, the close would become its highest since May 2022.In November 2021 and 2022, Bitcoin fell 7.1% and 16.2%, respectively, per data from statistics resource CoinGlass.BTC/USD monthly returns (screenshot). Source: CoinGlassAnalyzing the current chart setup, popular trader Jelle saw reasons to be bullish in Bitcoin’s relative strength index (RSI) readings.“After spending the past month building up a giant hidden bullish divergence, Bitcoin has breached its RSI downtrend!” he told X subscribers earlier on the day.An accompanying chart showed the required area for bulls to secure.“If price can hold the grey box, I think this starts moving higher soon. All eyes on the monthly close,” Jelle added.BTC/USD chart with RSI. Source: Jelle/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

                
            

Bitcoin eyes best November since 2020 as PCE fails to move BTC price


                
                    
                    
                    Pudgy Penguins now has 1M Instagram followers and is stocked in 2000 Walmarts. CEO Luca Schnetzler, 25, explains where everything went right.
                    Pudgy Penguins minted in July 2021, but quickly saw high drama after its former founder came under suspicion he was going to rug the project. A few months later Luca Schnetzler stepped in. With an entrepreneurial streak since his early teens he had a history of building internet businesses and bought the project and its intellectual property of 8,888 cute little Pudgys for $2.5 million in April 2022.It was an instinct and intuitive decision. I saw this thing that I was hugely invested in before I bought it that I thought had all of the potential. I was complaining and crying on a daily basis to the founders about how they sucked, and how they could do better. Rather than just doing that, I just stepped up to the plate, Schnetlzer says.The narrative of quickly shifted from a rug that could trend to zero to one of hope and optimism when Schnetzler set out a vision for the project the community could rally behind. Schnetzler became one of the standout PFP project leaders during the NFT bear market, and the Penguins bucked the trend of cratering floor prices. Since he took over as CEO, the Pudgy Penguins floor has risen from around the 1 ETH mark to 6.32 ETH. Holders and the wider NFT community believe that Schnetzler has a game plan for success and the ability to execute it.Pudgy Penguins – A Brave New World (X)He says the decision to snap the project up wasn’t as risky as it may have seemed. We bought something that netted almost $10 million in six months for $2.5 million. Royalties were making it half a million dollars per month. It was a pretty good business on its face. Intuitively, I think it just comes down to the vision when you close your eyes and you picture Pudgy Penguins, it’s pretty easy to see where this thing can go. Constant momentum and growth has been key to Pudgys ascent into one of the top PFP projects, with the cute penguin brand spreading across social media outside of traditional crypto channels like X and Discord. Pudgys Instagram has just crossed 1 million followers, while its GIF strategy has been highly effective, only days ago crossing the 10 billion views chasm.The Pudgy Penguins GIFs and stickers on GIPHY have reached 10B views. With 10B views and millions more each day, our GIFs allow us to cement the Pudgy Penguins IP in internet culture, becoming a brand people interact with every day. pic.twitter.com/odEIPgD2wc— Pudgy Penguins (@pudgypenguins) November 27, 2023Schnetzler thinks its a little bit sad that he gets such praise, when it just highlights how little effort other PFP projects put into trying to grow their brands. Everyone’s been saying that their NFT project is a brand, they have hundreds of millions of dollars that they raised from the community and venture capital at ridiculous valuations. Yet none of them are actually doing the basics of building a brand, he says. Some people really sing my praises, and it’s actually pretty sad because I do think we do some things really well, dont get me wrong, but I mean, this should have been the bar all along. The fact that we are doing so many things that so many projects are not doing when they have 10-20 times the resources and 2-3 times the experience is pretty shameful.Pudgy Penguins #6775 (OpenSea)Pudgy Penguins #6179 (OpenSea)Pudgy Penguins #3564 (OpenSea)Finding the entrepreneurial spirit Despite only being 25 years old, Schnetzler actually started his entrepreneurial journey over a decade ago. Growing up poor and bouncing around couch to couch at friends places, Schnetzler says he needed to start earning at a young age.I’ve really been out of school working for 10 years and it’s pretty crazy to say, but thats what its been,” he says, noting most people dont even start working until they finish college in their 20sThen you do 10 years after you leave college and you’re 33, and then people start to see success in their 30s. That seems to be the time horizon. I think my childhood forced me to start early. I didnt have the luxury of chilling out or having a childhood where I could just go home and play video games and not worry about anything. I was forced to go work and figure things out.Character building versus brand building To date, most PFP projects are built around a centralized character with a variety of different traits to give each NFT a slightly different look and feel. Take the OG collection CryptoPunks, the Bored Apes, and it is also true for the Pudgys. But it’s not the case for Gary Vees VeeFriends, which boasts 270 individual characters.Schnetzler believes character building around one individual character is the easier of the two options.       Read also                                                                              Features                            Daft Punk meets CryptoPunks as Novo faces up to NFTs                                                                                                                    Features                            Tiffany Fong flames Celsius, FTX and NY Post: Hall of Flame                                            At the end of the day, I think Gary is trying to tackle a tougher challenge. It’s part of the cards I was dealt and have, and he created his cards. I think he’s doing a great job with VeeFriends. I think ultimately he has to create familiarity. Creating familiarity around a character is a lot easier than creating familiarity around a brand, says Schnetzler.Theyre two different things and because his universe isn’t predicated on one character, but a multitude of different characters and different animals in different shapes. He is betting and taking a shot at the brand, and the brand name versus the character. I’m going after the character first and then worrying about the brand because I believe there’s enough people that love penguins and few enough penguin brands out there.Luca Schnetzler IRL at Walmart (X)A brave new world – Walmart pallet program In September this year, Pudgys announced a groundbreaking deal with retail giant Walmart that saw Pudgy Penguin physical toys available for sale and in prominent locations in over 2,000 stores throughout the U.S.The pallet program is one of the most prestigious places you can get because it gives prime real estate to people walking the floor. It signals Walmart’s belief in the brand and their belief in NFTs and Web3 being a vertical for their retail locations, says Schnetzler.If that can become a general norm in the worlds biggest retailer it gives us a real shot to succeed. Its one thing to be in the crevices of the toy shelf, its another thing to be front and center for everyone to see. That program doesnt happen for brand-new brands. Its normally a program for Barbie, Teenage Mutant Ninja Turtles or people that have movies and TV shows off the backs of their releases.On this day, Web3 enters a Brave New World.Pudgy Toys, with Pudgy World, are now available in 2,000 Walmarts in the USA. pic.twitter.com/UP8npUxCr3— Pudgy Penguins (@pudgypenguins) September 26, 2023Building a legacy brand with no playbook One of the most common questions consistently thrown at a PFP project is “how do you drive value back to holders?”In response to criticism about its toy product extension, Schnetzler laid out his plan on how Pudgy Penguins are thinking about value accrual to holders using a classic funnel diagram.This is a terrible take.In the below thread I will explain to you why this thought process is fundamentally wrong and why this take is incredibly bad  https://t.co/5sGBpCJHA2— Luca Netz  (@LucaNetz) August 5, 2023The funnel is not something that I’ve really invented. I mean, you can throw Star Wars and any other big legacy IP onto that funnel, and thats the strategy. The idea, though, with NFTs is the value of the first edition collectible is a huge anchor to the business. If you put any first edition collectible at any legacy brand on the bottom of that funnel, it still makes the most sense, he says.I want to build a legacy brand, the likes of a Hello Kitty, a Star Wars and a Pokemon. That’s easier said than done, he admits, saying theres no roadmap to follow for a PFP project. Hello Kitty took 60 years to build. My holders dont have 60 years for me to go build something. If I lose momentum and traction within the holder base, then I ultimately lose everything because I dont believe you can build a successful Web2 business while your Web3 business fails.Pudgy World (pudgypenguins.com)Rapid-fire Q&AYour entrepreneurial inspiration I love everything that I think Steve Jobs represents. For me personally, I’ve tried to be my own man, but the one person that I found huge inspiration from, you can kind of tell it in my leadership style, is really Steve Jobs.The intense pressure of a founder It’s not easy, but it’s also not the worst thing. One of the reasons why we got here is because of the community. I think I’m in a great situation because I bought the project and I didn’t take any money from them. The nature of people who hold Pudgy Penguin PFPs, theyre good people.      Read also                                                                              Features                            Bitcoin gets physical: Art or digital heresy?                                                                                                                    Features                            The FBIs takedown of Virgil Griffith for breaking sanctions, firsthand                                            You cant really be an angry, miserable person and then go click buy on a Pudgy Penguin. The art kind of creates a culture that already filters a lot of that nonsense out. Now, I empathize with a lot of other people who I see go through the chaos.What you would tell a Mom about PudgysWhat I would tell a Mom is, hey, this is a great value proposition for your son or daughter. This is way more fun than any other $10 toy.Why? Because they unlock a bunch of things in the digital world that not only entertain them when they go to bed or when theyre at recess or on the playground. But also entertains them when they are at home on their iPad and computer. It’s a 2-for-1 bang for buck special.Were the Pudgy gifs planned?The gifs were totally random. But the second we saw it, we quadrupled down, but it was totally random in the beginning. It was a sheer accident but a happy accident.I don’t need people to know about Pudgy Penguins now, but you want to know something when NFTs are the talk of the town again, and all those people have been using Pudgy gifs the whole time, that’s going be a really good source of credibility for them once everyone starts to want to buy NFTs. pic.twitter.com/FJ4Aqbw0TW— Pudgy Penguins (@pudgypenguins) June 14, 2023Whats your position on royalties?It shouldn’t be 0% and it shouldnt be 5%. I think it’s somewhere in the middle. I think the number is between 1% and 1.5% is where I think the enforceable royalty should stand. The reason being is because you just have to incentivize the creator. [That’s] what made YouTube great, what made TikTok great.Are you a Wim Hof fanboy? Every day I do his breathing technique and I get high doing it. I recommend it because it’s the quickest way you can get high for free. I’m also setting up my cold plunge now. Where are Pudgys three years from now?We’re the face of NFTs, we’re the face of Web3. We have brought the most value to holders emotionally and fiscally. Three years from now were probably launching a movie. The movie is close.Links:X: twitter.com/LucaNetzWebsite: http://www.pudgypenguins.com    Subscribe    The most engaging reads in blockchain. Delivered once a        week.         Email addressSUBSCRIBE    
                
            

Pudgy Penguins CEO says praise he gets ‘is actually pretty sad’: NFT Creator 


                
                    
                    
                    Rarible has cemented its commitment to NFT royalty enforcement by launching a testnet for an EVM-compatible chain with embedded royalties on the node level. 
                    The RARI Foundation, the nonprofit arm of the Rarible ecosystem, officially released a testnet for an EVM-equivalent blockchain called “RARI Chain,” with royalties embedded into its nodes. In an announcement sent to Cointelegraph, the RARI foundation said the RARI Chain will be a nonfungible token (NFT) infrastructure solution built on Arbitrum. With royalties embedded on the node level, the RARI foundation said that creators will have the tools they need to be successful in their endeavors. The move follows a recent uptick in Rarible’s trading volume after demonstrating its NFT marketplace’s commitment to royalties. On Aug. 23, the 24-hour trading volume on Rarible jumped nearly 585% after it removed marketplaces that don’t support royalties and royalty enforcement to its aggregation data.1/ Following @rarible's decision to maintain creator royalties, and remove both @opensea and @blur_io from their aggregation data, Rarible's trading volume is up 637% in the past 24h.Do you think Rarible is right? View @rarible on DappRadar https://t.co/9hh0AQa7Nj pic.twitter.com/cg1dPChYar— DappRadar (@DappRadar) August 23, 2023


Jana Bertram, the head of strategy at RARI Foundation, said in a statement that creators are the driving force behind the expansion of NFTs. Bertram explained: “To ensure a sustainable economy, it is crucial to provide them with tools and environments contributing to their success. Our commitment is embedded in preventing the disintermediation of creators from the Web3 growth.” Meanwhile, Rarible co-founder Alex Salnikov said they believe Web3 should be a “creator-centric ecosystem” that allows artists to thrive. Salnikov claims that the RARI Chain is a move to protect creators’ earnings. “By enforcing royalties at the node level, we are ensuring that creator royalties are more than just a promise, they are a guarantee,” he said. Related: User claims $11M in Blur token rewards at NFT marketplace’s season 2 airdrop According to the announcement, their partners Arbitrum, LayerZero, WalletConnect, and many others will actively contribute support to the new chain. Nina Rong, the head of ecosystem development at Arbitrum Foundation, also commented on the new development, saying that creators deserve to be “fairly rewarded” for their efforts. The executive highlighted that royalty enforcement at the node level is a significant step in achieving this. Magazine: 65% plunge in Web3 Games in ’23 but ‘real hits’ coming, $26M NFL Rivals NFT: Web3 Gamer


                
            

Rarible’s RARI Foundation taps Arbitrum for royalty-embedded EVM chain

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