Original compilation: BlockTurbo

By Messari-Ally Zach

Original compilation: BlockTurbo

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Music and Streaming

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decentralized social media

Compared to its Web2 predecessor, decentralized social media brings privacy, censorship resistance, ownership of personal data, and an easier path for users to monetize their content. NFTs have become the backbone of many Web3 platforms in the form of:

• Digital Profiles and Identity

• content presentation

• as an incentive to promote participation

• gated content

Lens protocolpicture

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digital identity

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game

game

In terms of on-chain gaming, NFTs are used to represent unique in-game assets such as characters, items, and virtual real estate. NFTs create scarcity and value in the GameFi world, allowing users to own, trade and sell in-game items. Compared with traditional games, on-chain games create better earning opportunities and easier asset transfers for users.

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Tokenization of Real Assets

Real-world assets are assets that exist in the real world, and ownership can also be represented and proven through NFT. Tokenizing real-world assets can allow corresponding assets to be better used, stored, and tracked on the chain, thereby having the opportunity to solve problems such as inefficiency, human error, and fraud in the real world. The tokenization of real assets often appears in the following areas:

• real estate

• supply chain

• document

• document

• Fashion

• Collection

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voluntary carbon market

The regenerative finance (ReFi) industry has expanded significantly over the past year. It now includes a carbon credit market, tokenization infrastructure and MRV (measurement, reporting and verification). In most cases, carbon removal credits are tokenized on-chain as NFTs. Once issued or redeemed in the real world, unique tokens are destroyed and therefore cannot be traded on secondary markets.

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Non-fungible Applications

A Non-Fungible Application (NFA) takes on-chain metadata related to running a decentralized application and stores it on top of the ERC-721 NFT standard. Essentially, the code and data behind Web3 applications live in NFTs, decentralizing the execution, operation and ownership of the application. NFA handles everything related to keeping the application running, such as relational databases, decentralized hosting of payments, storage and build history. They also make applications portable: creators only need to transfer the NFT to transfer the entire application.

Web3 applications currently rely on centralized front-end solutions to provide hosting and storage services, making them vulnerable to phishing attacks and exploitation. NFA helps address these issues by decentralizing ownership, increasing censorship resistance, and empowering community participation. Fleek is pioneering the capabilities of traditional NFTs and expects to release a platform using the technology early this year.

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Visa and Alchemy Pay Collaboration

• Alchemy Pay has become one of Visa's official service providers;

• As an extension of the deposit and withdrawal channels, Alchemy Pay will be able to provide fiat currency payments to purchase cryptocurrencies for Visa cardholders in more than 173 different countries;

• Alchemy Pay has been integrated into various DEXs, CEXs and wallets and is one of the first partnerships with major financial institutions.

The 402 integrates with Lens

• The 402, an encrypted live streaming service, is now integrated with the decentralized social graph Lens Protocol;

• It is now possible to set token thresholds for live, chat, and video content for its Lens followers.

Robinhood Releases Crypto Wallet

• Robinhood releases crypto wallet feature to over 1 million alternate users;

• The app supports internally traded tokens and NFTs, all without transaction fees;

• Robinhood has attracted many retail investors since its launch, mainly through its free trading. Release of non-custodial wallets to this segment of investors has the potential to attract many retail investors into the cryptocurrency space.

Rally closes sidechain

• Social token platform Rally shut down its sidechain due to poor market conditions;

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Top Movers

Mask Network rose more than 109% last month on the possibility that Elon Musk might integrate it into Twitter to support payments. The price of Audius also increased by more than 120% after the token was launched on Coinbase.

Finally, certified aggregator Galxe is leading the way in the decentralized social asset space, up more than 152% in the past 30 days.

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