TLDR Crypto Daily Update 2022-07-06

Crypto startup ideas ๐Ÿ’ก, ethOS for Pixel ๐Ÿ“ฑ, how web3 will change browsers ๐Ÿ’ป

Markets & Business

Indian Crypto Taxes Crush Trade Volumes as Local Exchanges Eye Exodus (3 minute read)

The Indian Government legislated a 1% tax on all crypto transactions of more than 10,000 INR on July 1. Trading volume across Indian exchanges has fallen by at least 50% since the tax's implementation. India also has a 30% tax on all cryptocurrency-related income. Several firms have started to move to crypto-friendlier nations like Dubai and Singapore.

Crypto lender Nexo offers to buy embattled rival Vauld as market consolidates (2 minute read)

Nexo is exploring an all-equity acquisition of Vauld. It will have a 60-day window of exclusivity to explore Vauld's books and complete due diligence. Nexo plans to restructure Vauld and pursue an expansion in Southeast Asia and India. The lending firm had previously offered to buy Celsius but the offer was refused.
Innovation & Launches

Much Ado About 'Nothing'? Why Polygon Is Making a Web3 Push Into Mobile (5 minute read)

Polygon has partnered with Nothing to integrate Polygon technology with the Nothing Phone. The partnership will start with an NFT membership club. Polygon NFTs will be provided to those who helped crowdfund Nothing's launch and customers who pre-ordered the Nothing Phone. The NFTs will provide potential benefits to holders, such as early access to products. The Nothing Phone will be launched at an event on July 12.

ethOS (1 minute read)

ethOS 1.0 is now available. ethOS is an OS for the Google Pixel 3 and Pixel 5a that gives users direct access to crypto apps. It features over-the-air updates and an onboard Ethereum light node. The development team plans to add features such as a native app to mint NFTs directly from the camera and decentralized messaging.
Guides & Resources

Crypto/Web3 Startup Ideas (15 minute read)

AllianceDAO is a web3 accelerator and founder community. This article contains a list of ideas that AllianceDAO is excited about to help inspire builders. The list of ideas is not complete, and the DAO has backed many new ideas and even ideas that it initially disagreed with. Categories include decentralized infrastructure, gaming, NFTs, web3 tools, and developer experience.

The future of the browser (1 minute read)

Websites store personal data on hundreds of private databases. These databases are attractive targets for hackers. web3 wallet integration with websites will allow users to securely make e-commerce purchases without creating new accounts for every website. It will also allow vendors to start issuing NFTs for more revenue and brand loyalty.

The Future of Decentralized IP (16 minute read)

The internet allows people to connect without geographical ties. People can seek friendships and connection over topics they love. Most deep relationships are built when people work together towards a goal. NFTs are a visual mechanism for community association. Many people join NFT groups to make money, but they stay for the community. NFT projects should focus on creating friendships as this is what creates long-term fans.

Stoked to announce the launch of @tangent_xyz (1 minute read)

Tangent is a web3 angel collective designed to help founders navigate the crypto landscape.

Presenting a detailed ๐Ÿงต on one of the best upcoming projects, Hypermine (2 minute read)

Hypermine will provide a profitable approach to investing while incorporating growth.

Dope Ape Club (2 minute read)

Dope Ape Club is a derivative project based on Bored Ape IP. It is an experiment in seeing how licensing can expand the possibilities for new art, community, and storytelling within a collection. Dope Ape holders have full commercial rights. The collection is now the second most traded on OpenSea with a market cap of over $1.5 million.

000.eth (1 minute read)

The ENS domain 000.eth just sold for 300 ETH.

Introducing the new Polkadot staking dashboard (1 minute read)

The new Polkadot staking dashboard allows users to access all major staking functions on Polkadot through an easy-to-navigate interface.

Someone tried to hack me with a crypto stealer (2 minute read)

This Twitter thread talks about how the attack works, how to protect against it, and basic malware analysis.

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