2-Minute Crypto/NFT News (09/15/22)

Do Kwon, Subscription NFTs, and more.

• South Korea issues an Arrest Warrant Against Do Kwon, the founder of Terra. The warrant is allegedly related to a violation of capital market rules. The Korean government is considering Interpol red notice and passport revoke 😮.

Watcher.Guru @WatcherGuru

BREAKING: 🇰🇷 South Korea issues arrest warrant for $LUNA founder Do Kwon.

• Finally subscription NFTs?! The Azuki dev cygaar, one that created the famous ERC-721A, proposed a standard interface to use NFTs as subscriptions. Builder’s gonna build in the bear market.

cygaar @cygaar_dev

Many NFTs today are pay once, receive value forever. However, this model doesn’t align the incentives of creators with owners. The subscription model works much better in some cases. Today I’m proposing a standard interface to use NFTs as subscriptions:

ethereum-magicians.orgEIP-5643 Subscription NFTsAbstract This standard is an extension of ERC-721. It proposes an additional interface for NFTs to be used as recurring, expirable subscriptions. The interface includes functions to renew and cancel the subscription. Motivation NFTs are commonly used as accounts on decentralized apps or membership…

• Giant Wall Street Firms like Charles Schwab, Citadel, Fidelity, etc are starting digital asset exchange EDX markets. Yet another step for crypto to go deep into the legacy financial system.

CoinDesk @CoinDesk

Financial heavyweights @CharlesSchwab, Citadel, @Fidelity, and others have come together to start digital asset exchange EDX Markets. By @parikshitm899

trib.alSchwab, Citadel Securities, Fidelity, Other Wall Street Firms Start Crypto Exchange EDX MarketsThe exchange will be led by Jamil Nazarali, a former senior executive at trading giant Citadel Securities.

• Bored & Hungry and Ape Water coming to Korea. They plan to utilize their BAYCs to build Food & Beverage business in East Asia and define East Asia as the “NFT IP Activation Center”. What a cool business!

JAMIΞ @0xjamiechoi

Bored & Hungry and Ape Water. 미국 NFT IP 기반 F&B를 한국 및 동아시아에 즐거움 경험을 토대로 선보이며 브랜딩하고자 합니다. F&B Business 뿐만 아니라 NFT IP Activation Center로 Keep Going.

Degen Boy @degenboyeth

Ape Water is coming soon to Korea 🇰🇷 thanks for great partnership [Ape Beverages Pure Spring Water] with [HUNGRY DAO] of South Korea. 헝그리다오가 Ape Water를 국내에 런칭합니다. https://t.co/MjBLgdyYkq

• It’s official!! ETH Merge was successful and ETH now runs on proof-of-stake! This will reduce ETH’s energy consumption by ~99.95%.

• OpenSea with the brand new website! I do see their efforts to become a place to “discover” NFTs, which is also Magic Eden’s goal (Details of OpenSea vs Magic Eden are in this article).

Thanks for reading :)