TLDR Crypto Daily Update 2022-01-13

Coinbase derivatives 🏦, LooksRare passes OpenSea volume 📈, tips for joining DAOs 🧑‍🤝‍🧑

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Innovation & Launches

Jack Dorsey To Launch A Legal Defense Fund For Bitcoin Developers (2 minute read)

Jack Dorsey has proposed creating a nonprofit organization to protect the rights and interests of open-source Bitcoin developers. Bitcoin maintainers and developers have left the project due to legal risks. The nonprofit will help developers so that they won't have to give up working on the project if they are threatened with the law. It will offer free help for developers if they wish to take advantage of it.

Coinbase Acquiring Derivatives Exchange, Bitcoin Futures Trading to Follow (2 minute read)

Coinbase has announced that it will acquire derivatives exchange FairX to offer derivatives to all Coinbase customers in the US. Derivatives are contracts based on another asset that allow people to buy or sell that asset if it reaches a certain price. They are useful for hedging investments or betting on future prices. FairX is already regulated by the US Commodity Futures Trading Commission. The acquisition is expected to be finalized by the end of March.

Introducing the Goldfinch Protocol token, GFI (10 minute read)

The Goldfinch Protocol token (GFI) is now live. Goldfinch is focused on providing loans without collateral. GFI will be governed by the community via the Goldfinch Council. Tokens have been allocated to over 13,000 participants in the protocol. This article introduces GFI and shows how the total supply of tokens was allocated.
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Guides & Resources

Join a DAO: Few tips (10 minute read)

Joining a DAO can be challenging if you don't have any particular or sought-after skills. However these projects are constantly growing, so they will always need more contributors to scale. A lot of DAOs are looking for contributors, especially when they are just beginning. This article provides tips on how to join a DAO as a contributor. It includes advice on what to consider when choosing which DAOs to join.

Raising Capital as a Pseudonymous Founder (4 minute read)

Pseudonymous founders are becoming more common in crypto startups. These identities can hold equal, if not more, weight to real identities. Reputation is built over time and is not based on conventional signals of credibility. This article discusses how to build a reputation as a pseudonymous identity so that the identity is trusted when it is time to raise capital. It includes advice on maintaining GitHub participation, getting references, on-chain history, and more.
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Miscellaneous

Digital Yuan Wallet Ranks Among Most Downloaded Apps in China (3 minute read)

China's digital yuan wallet is among the country's most downloaded apps just a week after it was released to the public. While the wallet can be downloaded by anyone, it can only be used in select areas. The digital currency is being piloted in 20 cities, including Shanghai, Shenzhen, and Beijing. Visitors to the Beijing 2022 Winter Olympics will be able to use e-CNY without having to open a local bank account. The digital yuan has been integrated into Alipay and Wechat Pay, as well as the apps of seven Chinese banks.

NFT Market Looksrare Surpasses Opensea's 24-Hour Sales With $385 Million in Volume – Markets and Prices Bitcoin News (3 minute read)

Looksrare, a new NFT marketplace, has surpassed Opensea in terms of daily volume. 3,264 Looksrare traders executed $385.39 million in sales over 24 hours on January 12. The average sale on the marketplace is $108K per unit. Looksrare is airdropping LOOKS tokens to Opensea users, which may account for some of its surge in popularity.

How much money did creators earn using @ethereum in 2021? (Twitter Thread)

This Twitter thread links to a study of creator revenues in 2021. Creators are the individuals or groups creating art or other creative products. It was estimated that creators earned $3.5 billion using Ethereum in 2021. The estimate was based on data obtained from the Ethereum blockchain, marketplaces, and NFT platforms.

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