Chain Reaction - 15th May 2023
Chain Reaction - 15th May 2023
Another wild week!
No meetups this week for Aus DeFi but we did see co-founder and President Mark Monfort in action with his data science community, DSAI, as they ran their weekend ChatGPT hackathon.
Web3 and AI actually crossover quite well so it'll be interesting to see what comes from this. E.g. AI needs to have trusted sources of data and what better than an immutable, auditable and transparent source like blockchain. AI can help with auditing smart contracts too and help projects in other ways. Best is yet to come!
https://twitter.com/CaptDeFi/status/1657279844877758464?t=81saWFzZJDidz1Akp196Vw&s=19
Feel free to join their Discord here https://discord.gg/55NbhPC8Cu
On the community podcast this week, we had Ashi Bhat of Insider App interviewed by our podcast host Shahirah Gardner - check it out here
Great to see this post from BTC Markets CEO Caroline Bowler about how they choose what to list on their exchange https://www.linkedin.com/posts/carolinebowler_cryptoassets-markets-activity-7061617655421538304-GYCG?utm_source=share&utm_medium=member_android
Also fantastic to see Aus DeFi friends launch their products, this time in the tax calculator space with DeFi Tax Calc from Varun Jajoo - check it out here https://www.linkedin.com/feed/update/urn:li:activity:7060133346835640320/
So good to see our friends in the web3 community seeing each other overseas. This time it's Joey Beverley from Soulbis and Samira Tollo from Elbaite both in Dubai https://www.linkedin.com/posts/joey-be_dubai-dubaifintechsummit-activity-7061648625151479808-2DKh?utm_source=share&utm_medium=member_android
What do you think about Phygital? Do you know what it means and how it could impact our experiences? Either way, check out this awesome article from contributor, Ashi Bhat
We're Binance and Mempool issues leading to BTC price dropping, or so the community is alluding to. More here https://thechainsaw.com/defi/the-bitcoin-price-is-down-today-after-months-of-gains-so-whats-going-on/
SEC proposes tighter rules on crypto custody and the Blockchain Association over there fights back. Check it out https://cointelegraph.com/news/war-on-crypto-newly-filed-letters-lambast-proposed-sec-custody-rules/amp
Warren Buffett's Berkshire Hathaway is moving more funds into cash and it has BTC folks worried given the strong correlation between the asset types https://cointelegraph.com/news/warren-buffett-dumps-13-3b-in-stocks-a-warning-sign-for-bitcoin-and-risk-assets/amp
The correlations between various cryptos and equities can also be seen in the NotCentralised crypto tracker here https://tinyurl.com/cryptocurrencytracker
If Sam's experience here playing this game is anything to go by, web3 gaming needs to do more work
https://twitter.com/SamStratten/status/1655799027227848716?t=sBsO9JXl6cqabQgOEO5E7w&s=19
Great piece from Bankless and Ram Ahluwalia, looking at banking failures and in this video, the comorbidities of banking failures
Regional banks in the US have been suffering as this returns visualisation showcases but is more on the horizon? https://www.linkedin.com/feed/update/urn:li:activity:7061299724061962240/
More real world blockchain here with vehicle charging points in Spanish Ikea’s now using blockchain tech in bidirectional charging ports (yes, vehicles can provide power back to the grid) https://www.ledgerinsights.com/everledger-bankruptcy-esg-blockchain-traceability/
More on web3 with web2 companies, this time with this post on Amazon doing semi-web3 things (at least not the decentralised stuff). Wonder what the maxis in our space think about this? https://www.linkedin.com/posts/glennrachlin_amazon-is-turning-on-web3-launching-an-activity-7061661192791961600-YJt-?utm_source=share&utm_medium=member_desktop
ABOUT AUS DEFI ASSOCIATION
The Australian DeFi Association (Aus DeFi) is a non-profit community organization dedicated to increasing education and awareness of blockchain technology, specifically decentralized finance (DeFi) and web3-based projects. Their goal is to empower the Australian community with the knowledge and tools to participate in the decentralized economy, and to promote the adoption and growth of blockchain technology in Australia. They strive to provide a more grassroots approach to promoting blockchain technology compared to other industry-focused organizations in Australia, and to provide a platform for community members to learn about and engage with this emerging technology.
You can watch our recorded meetups and interviews here on YouTube: https://www.youtube.com/@ausdefiassociation3956/videos
SPONSORS
We also thank all of our sponsors who help us run and organise and keep this association going. We could not do it without them so check out their details here