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Iconic Filipino Brand TeamManila Unveils ‘Rizal with Sunglasses’ NFT

TeamManila will release two NFTs this week: “Philippine Genesis,” a single edition NFT and “Rizal Gold NFT Coin,” featuring the brand’s iconic “Rizal-with the sunglasses on” design.

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TeamManila has been around for two decades, specializing in graphic design solutions and iconic products under the TeamManila Lifestyle brand. Founded by Jowee Alviar and Mon Punzalan, the company focuses on creating inviting designs to appeal to potential customers. In its foray into non-fungible tokens or NFTs, the brand hopes to increase the awareness of the public towards this budding space and at the same time introduce popular and iconic designs to a global community of NFT artists and collectors.

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TeamManila NFTs

TeamManila will release two NFTs this week, the first of which is “Philippine Genesis,” a single edition NFT released on April 14 and available on Rarible, a popular NFT marketplace. Second, “Rizal Gold NFT Coin,” featuring the brand’s iconic “Rizal-with the sunglasses on” design will be released on the same day but will come in 20 editions. Check out the TeamManila Rarible account here: https://rarible.com/Teammanila 

This makes TeamManila the first Pinoy brand to ever release an NFT.

TeamManila’s Introduction to NFTs

Non-fungible tokens, which are unique digital items on the blockchain, have been increasing in popularity as of late. This is because of the increased media attention brought about by celebrities jumping on the current interest in the space, and not to mention the rapidly growing prices of several pieces of popular NFTs.

According to Jowee Villar, founder of TeamManila, they first learned about crypto art and NFT from popular artist GMUNK, the guest speaker at Graphika Manila this year. “[We] took a deep dive into that world and started joining discussions online with a growing community. TeamManila as a brand has always embraced new platforms and avenues to tell our story. We see this new space as a way to extend our storytelling to a new audience.”

These days, there is a lot of news about brands like McDonald’s and WWE to artists like Lindsay Lohan releasing their own NFTs. The frenzy went fever pitch when digital artist Beeple was able to sell one of his crypto art, a digital painting called “EVERYDAYS: The First 5,000 Days,” for $69 million at Christie’s, a legendary auction house.

A Lifeline for Artists

In stark contrast to the NFT money craze in the west, according to a report from The Ken media, artists in Southeast Asia have seen NFT as a lifeline for artists who release NFTs like crypto art to earn a living. Writer Li Mei Foong explained, ”In Southeast Asia, digital artists see a new dawn for their art careers, as crypto art income has multiplied.”

Jowee said there are practical reasons for artists and designers to be in the NFT space. He explained, “Many creatives lost their source of income last year because of the pandemic. Many artists are finding new collectors of their work through the NFT marketplace and community. In turn, they have offset their losses from last year and now earning from selling NFT art. We hope this success multiplies in the coming months.”

In a recent article on BitPinas, digital artist Luis Buenaventura II said NFT art provides an opportunity for artists to collaborate and offer their work to an art community that they would never have had access to otherwise. “What we choose to do with these new opportunities, and how we choose to navigate these unfamiliar territories, is entirely up to us,” he expounded.

For TeamManila, a brand and company with a deep library of intellectual property (IP) since it first began as a graphic design studio in 2002, NFT is an opportunity to share more designs inspired by Philippine culture and contribute to the global community. 

“The region is still underrepresented in terms of the number of contributions in the NFT world. We hope to inspire more local creatives to be part of it,” Jowee said.

The NFT Community is Welcoming to Artists

By releasing an NFT, Jowee anticipates TeamManila’s immediate community of collectors and fans to be made aware of the budding space. He hopes that the release could pique the interest of TeamManila fans to learn more about NFT and crypto art. Simultaneously, Jowee sees this as an opportunity to introduce local design and connect to artists and collectors within the global community. After all, the NFT community is not hindered by borders and such. For now, though, most of these connections happen through Twitter, Discord, and Clubhouse rooms. 

The NFT community, Jowee said, is welcoming to new artists. He pointed out that it is fantastic to connect with new people in the space and hear about their NFT journeys. He further stated that it was also great to listen to and recognize stories of fellow Filipino artists already in the space. “Our fellow graphic designer, AJ Dimarucot is active in the space and has been hosting small rooms to share everyone’s NFT journey. He is also managing the First Mint Fund to support the entry and growth of southeast Asian creatives.” 

For anyone who likes to begin their foray into the NFT space, Jowee’s advice is to be part of the community by following accounts and groups on Twitter relevant to the space. He also cites the budding NFT creators group on Facebook (NFT Philippines FB Group) where Filipinos can talk amongst each other and ask for advice about starting.

TeamManila NFT Release Details:

This article is published on BitPinas: Iconic Filipino Brand TeamManila Unveils ‘Rizal with Sunglasses’ NFT

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Source: https://bitpinas.com/feature/filipino-brand-teammanila-rizal-with-sunglasses-nft/

Blockchain

Dogecoin Spinoff SHIB Tanks After Ethereum Founder Vitalik Buterin Dumps Tokens

Shiba Inu is in the doghouse. Vitalik Buterin might be as well.

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In brief

  • Some crypto projects gave Vitalik Buterin a lot of tokens, hoping that it would add to their legitimacy.
  • Maybe that wasn’t a great idea.

So, remember when Vitalik Buterin got a bunch of those Shiba Inu tokens? And then some folks warned that he could rug pull the Dogecoin-wannabe?

Well, it kinda just happened.

A wallet attached to the Ethereum creator today removed over 2 trillion in Shiba Inu tokens ($40+ million) from Uniswap, according to data from block explorer Etherscan, helping propel the token into a nosedive; SHIB has lost 20% of its value in the last hour, per Nomics.

Vitalik removing SHIB liquidity from Uniswap. Source: Etherscan

Shiba Inu, a Dogecoin knockoff, is a meme coin that calls itself an “experiment in decentralized spontaneous community building.” Unlike Dogecoin, it runs on the Ethereum network, where it has helped contribute to a surge this week in the price of transactions. 

SHIB’s developers sent more than half of the total tokens to Buterin. They figured that meant the tokens were practically “burned,” or removed from the market as a means of decreasing supply and upping demand. Buterin instead burned SHIB holders by removing the SHIB from a liquidity pool on Unsiwap.

The autodidactic developer wasn’t done, as he continued dumping Shiba Inu in favor of Ethereum. 

Taking the opportunity to clean out his crypto wallet, Buterin then traded 50 billion Akita Inu tokens for ETH, according to information on Etherscan, causing that dog token to crater by 30% in an hour. Forty trillion Dogelon Mars (ELON) tokens got the same treatment, getting swapped for 619 ETH. That’s down a whopping 90% this hour.

Don’t worry, though, shitcoin speculators. Your loss is a charity’s gain.

Vitalik sent 500 of his just-bought ETH (over $2 million) to a wallet associated with the India Covid-Crypto Relief Fund and another 1,000 ETH to a Coinbase wallet for the Methuselah Foundation, a medical charity for extending human life. GiveWell received $53 million in ETH, while Gitcoin, an Ethereum-based foundation for open-source development, received over half a billion dollars’ worth of AKITA tokens.

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Source: https://decrypt.co/70672/dogecoin-spinoff-shib-tanks-after-ethereum-founder-vitalik-buterin-dumps-tokens

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Blockchain

This Bitcoin bull on XRP supporters: They just don’t look at the truth sometimes

The last couple of months for XRP have been noteworthy, to say the least, from the latest developments of the ongoing XRP vs SEC lawsuit to its surging price rally, The asset was trading at $1.52 at p

The post This Bitcoin bull on XRP supporters: They just don’t look at the truth sometimes appeared first on AMBCrypto.

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The last couple of months for XRP have been noteworthy, to say the least, from the latest developments of the ongoing XRP vs SEC lawsuit to its surging price rally, The asset was trading at $1.52 at press time.

Mike Novogratz, the CEO of Galaxy Digital had a different take on XRP’s sudden rise and the asset’s community.

During a recent interview, Mike Novogratz slammed XRP supporters or the so-called ‘XRP army’. He compared them to conspiracy theorists in an interesting analogy during this ‘Earn your Leisure’ interview. He stated:

“Over the years, the XRP army has built up a real community of people that really want to believe it…You could tell them anything. It’s like 9/11 conspiracy theories. There’s a little bit of that in crypto. They just don’t look at the truth sometimes.”

He made a unique remark about the XRP supporters, drawing parallels with the former US president’s supporters. He stated:

“This community reminds me of the former President, Donald Trump’s supporters, who continue to deny the legitimacy of the 2020 election.”

Statistics from Bitinfocharts paint a different picture. According to this, Tweets per day related to XRP amounted to 19,392 at the time of writing.

Source: BitInfoCharts

Furthermore, XRP supporters had recently taken to Twitter to urge crypto exchanges to “Relist XRP” a hashtag that went viral on the social media app in the recent past. Meanwhile, Google Trends data recorded a surge in the ‘relist XRP’ search term, over the past month. An important reason for the surge can be credited to the publicity gained from the lawsuit filed by the SEC.

Just two days after the lawsuit was filed, the crypto had lost almost 50% of its value in 24 hours. It’s no wonder skeptics question the rise of the digital asset, despite the lawsuit.

So what did fuel this spike? Was it the XRP supporters, the whales, public sentiment? The right answer could be a combination of everything, including rumors about a possible Ripple IPO.


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Source: https://ambcrypto.com/this-bitcoin-bull-on-xrp-supporters-they-just-dont-look-at-the-truth-sometimes

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Blockchain

Bitwise Launches Crypto Company ETF on New York Stock Exchange

The ETF will track 30 companies heavily invested in crypto.

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In brief

  • Crypto asset manager Bitwise today announced the launch of a new ETF.
  • The ETF will track the value of 30 companies that are involved in crypto—such as Coinbase.
  • But the ETF is still not the crypto ETF that many companies are hoping to get approved.

Asset manager Bitwise today announced the launch of a new exchange-traded fund (ETF) that will give investors exposure to companies heavily involved in cryptocurrency

The ETF, Bitwise Crypto Industry Innovators ETF, will be listed on the New York Stock Exchange (NYSE) under the ticker BITQ. The idea is that those who want to put money in the crypto world but are perhaps put off by the complex technological side of things can do so by buying shares.

ETFs are a big deal for investors. They track or follow the price of an underlying asset and allow people to buy shares of it, without having to own any of the asset themselves. ETFs can track anything from gold and foreign currencies to, most recently, Ethereum

In this case, Bitwise’s new ETF will track the Bitwise Crypto Industry Innovators 30 Index, a list of public companies that have significant exposure to crypto. The companies include cryptocurrency exchange Coinbase, business intelligence firm Microstrategy and Bitfarms, a Bitcoin mining firm—all of which own lots of Bitcoin and other digital assets. 

Bitwise CIO Matt Hougan said: “Until recently, most great crypto innovators were private companies, but that’s changing rapidly. Today, there’s a growing set of public companies capitalizing on crypto, and more to come. BITQ aims to identify these businesses and give investors access.”

The company’s CEO, Hunter Horsley, added that the ETF’s goal was to make investing in crypto available via “traditional investing platforms.”

But Bitwise’s NYSE listing still isn’t a crypto ETF in the truest sense—something that cryptocurrency investors in the US have anticipated for years, and which investors in other parts of the world have shown a strong hunger for.

There are currently nine companies hoping to get a Bitcoin ETF approved by the Securities and Exchange Commission (SEC). 

The SEC is currently in the process of reviewing three of them. Previously, however, the governmental body has rejected every attempt at crypto ETF while citing the need to protect investors from a Bitcoin market that can still be easily manipulated.

But in Canada, regulators have not only approved crypto ETFs, they have been extremely popular: there are eight Bitcoin and Ethereum ETFs in the country and all have sold eye-watering amounts of shares. When Purpose, the first Canadian Bitcoin ETF launched, it sold $80 million in just one hour.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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Source: https://decrypt.co/70649/bitwise-crypto-company-etf-nyse

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