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How To Get The Most From In-Person Bitcoin Events
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Evedo, a platform consisting of business-to-business, or B2B, & business to consumer, or B2C, marketplaces, seeks to provide blockchain solutions for businesses and participants involved in organizing events.
In an exclusive ask-me-anything, or AMA, session with Cointelegraph Markets Pro, Stoyan Angelov, founder & CEO of Evedo & Fragmint, discussed the business dynamics and tokenomics of Evedo.
Evedo tokenomics | Source: Evedo Technical Deck
CT Markets Pro User: How does Evedo use blockchain technology for the events sector? Will the ecosystem be available for everyone or just artists and big events organizers?
Stoyan Angelov: The EVED token is a utility token used to generate smart contracts between ticket buyers and sellers. Even now, we have 1,000+ clients that are working with our platforms to execute events, and we are event agnostic (small, medium, large of any type). So any event organizers are welcome to use the system. This is how the user profile looks like. We already have 5000+ users there, and in the following weeks, we will update and launch the updated marketplace.
CT Markets Pro User: How can event planners rely on tokens, considering they have fixed costs to settle?
Stoyan Angelov: At the beginning, we will be implementing stablecoins, and the EVED token will be used for premium features such as targeted advertising, community management and access to different tools on the platform. Consequently, the event organizers or other service providers will have the option to choose if they want to accept partial or full payment in EVED.
CT Markets Pro User: What is Eve’s business model, considering there is no ticketing sales fee?
Stoyan Angelov: Evedo’s business model is based on the additional value in the ecosystem. Keep in mind that we also have a commission from the ticket sales. A0% commission will be if the organizers use the EVED token for sales. FIAT is available now, and with FIAT, we charge a 5% commission.
CT Markets Pro User: How will Evedo deal with high Ethereum (
For the past three years, NYC.NFT has been the leading annual gathering in the nonfungible token and digital blockchain art world. This year, over 5,500 attendees and 135 sponsors joined debates, talks, workshops and briefings in the namesake event. In an exclusive ask-me-anything session, Cameron Bale, co-founder of NYC.NFT, joined Cointelegraph Markets Pro users to discuss the outlook on the NFT industry. Here’s what Bale had to say.
Cointelegraph Markets Pro User: You had some amazing speakers in NFT.NYC 2021. Can you tell us a bit aboutwhat insights were shared by some of those heavily influential folks?
Cameron Bale: Some people don’t realize it, but 2021 was our 3rd year hosting the event. Hardly anyone knows!! We had 500 attendees in the first year (I think beyond those people, most believe NFTs have only been around a year or so!) Personally, since our first year, I think we knew that many industries, beyond gaming and art, would be disrupted by NFTs. The coolest thing was seeing real-world applications of NFTs within some of those industries.
CT Markets Pro User: Justin Herzig presented a “formula” to value NFTs. Is there such a thing? How can NFT.NYC help projects build a community?
CB: I think that is an excellent idea so long as people don’t treat it as gospel. Certain signals can suggest or help predict the increasing value of a project, such as news stories, the buzz on social, growing community on Discord. People relying on this information and investing money they can’t afford to lose high risk — indicators like Justin presented need to come with a disclaimer, as I’m sure he does!
CT Markets Pro User: Other than art, what are the most critical use cases for NFT?
CB: There are some pretty cool use cases out there. Anyone who joined the space early might recognize these cycles of NFTs penetrating different industries. Art and collectibles came first. In my opinion, this was because they are digestible and relatively easy to understand use cases. Following that, blockchain gaming, and then onto more focused industries, ticketing, entertainment, genetics, all sorts of cool stuff. Finally, in 2021 we saw mainstream adoption for art kicking off. Thank you, Beeple, Metakovan, and Christie’s, for bringing it to the mainstream!
Now we are seeing events that shine a light on those other industries. Gaming and metaverses are starting, etc. The question above about Zuckerberg and Meta is interesting. Anyone who holds land in the Sandbox or other metaverse projects probably noticed a spike in interest in their assets following Facebook’s announcements.
The NFT community is curious and optimistic about how NFTs can disrupt these different industries. Still, without adoption by mainstream media and brands who can reach millions/billions and show them HOW, we won’t see the impact we want.
Related: The NFT world is gradually bridging the gap between niche and mainstream
CT Markets Pro User: What are the top NFT projects you will watch for 2022?
CB: Three things guide my personal interests. (1) Does it have a meaningful utility that adds value to my life, or someone else’s — I am excited about virtual land now that the world is waking up to metaverses! (2) Is there a community — this could be literal in the sense of Discord groups or online communities, or it could be aspirational, like getting an NFT from a brand you admire and becoming part of “the tribe” (3) Do I love the art?
CT Markets Pro User: How will NFT be used with consumer goods? Serialized products?
CB: That’s a really broad one! Digital twins/NFT registration of high-value or luxury goods is a cool use case. We ran a trial at NFT.NYC, where we gave away 1,000 caps — each contained an NFC tag which could be scanned by tapping your phone on it.
The first time it was tapped delivered you an NFT that essentially registered the product. Subsequent taps after that then showed whoever scanned the tag who owned the product (via the NFT). I think that’s an excellent example because you can verify the authenticity of the physical product by confirming that the official brand minted the attached NFT. Another one for consumer products is coupons. Of course, digital coupons have been around forever, but using NFTs as the store of value of coupons makes them tradable and composable.
Related: Daft Punk meets CryptoPunks as Novo faces up to NFTs
CT Markets Pro User: Will NFT.NYC 2022 tickets be minted as NFTs?
CB: This was a common question at NFT.NYC 2021. We have experimented with NFT ticketing every year of the event. There are some great crypto-centric products out there (we had a great experience with Mintbase in 2020). However, in my experience, I’ve yet to find a platform that caters to the business needs of a large-scale event (think communications with attendees and badge printing, etc., or to mainstream audiences). We are focused on bringing mainstream media and newbies into the space.)
The team behind the BitcoinDay event discusses its mission to bring Bitcoin to more small communities across the country.
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In this episode of “The Bitcoin Magazine Podcast,” host Christian Keroles sat down with Edward Weniger and Benjamin Maenner from AlphaBTC and BitcoinDay.io to talk about everything they are doing to bring Bitcoin to smaller communities across the United States.
BitcoinDay is a traveling Bitcoin conference that was recently held in Omaha, Nebraska and is coming to Kansas City in just a few weeks and is definitely not to be missed.
“Ben and I are both based in Omaha, and we have our Berkshire Hathaway Shareholder Weekend every year, and so I was getting kinda frustrated about that and Warren dogging on Bitcoin, so we decided to start Bitcoin Day,” Weniger explained.
Weniger and Maenner shared their experience starting and operating a Bitcoin company, why it’s important to have meetups all across the United States, what draws people into Bitcoin and what makes the Bitcoin community different, and much more.
“Something different about the Bitcoin community that joins us all together is this altruistic NGU,” Maenner said. “We’re all in it together and I think that allows for the more sovereign-minded community… The community is something else with Bitcoiners you know, everyone is trying to help each other and level up and continue building.”
The day is here. In a few hours, El Salvador’s Bitcoin Law goes into effect. We will have the first real-world example of a whole nation using the hardest money ever created as legal tender. And, how is the Bitcoin community celebrating? Stack sats, obviously. The order is for everyone to buy $30 worth of BTC to commemorate this glorious occasion. Will you participate?
Related Reading | The 411 On “Adopting Bitcoin,” A Lightning Network Conference in El Salvador
The intention is not to move the dial or pump the price. The amount is small enough to guarantee that, even if the event goes viral. Which it seems like it’s doing. The movement started humbly, with a Reddit post in the /r/Bitcoin community that asked a simple question. So… We all buying $30 worth of Bitcoin on Tuesday? At the time of writing, the idea has 8.9K upvotes and 2.2K commentaries.
Among the comments, some went all-in. “I will buy $3000 tuesday to cover 99 others who arent able to pay.” Others explained away, “Its to show solidarity with our Bitcoin compatriots in El Salvador as they fully adopt Bitcoin as their currency.” And other rightfully criticized, “Sure. Lets just coordinate a 100 mil pump of BTC. Correct me if I’m wrong but this sounds greasy.”
And, sure enough, the idea to back El Salvador’s Bitcoin Law spread to other social networks.
The plebs work fast. As soon as the idea transcended Reddit and got to Bitcoin Twitter, the memes appeared. This piece of art mixes the classic comedy “Trading Places” with El Salvador’s Bitcoin Law, with gold bug Peter Schiff and Bitcoin hater Nouriel Roubini to achieve hilarious effects:
On the 7th of September #Bitcoin becomes legal tender in #ElSalvador.
Plebs and memers unite!! Like, retweet and buy #BTC on the 7th.#7SeptemberBuyBTC@Nayibbukele#LeyBitcoin#Memepool@MoscowMemetards@MemeFactoryTM#Memetards pic.twitter.com/u3rWWGbItr
— Sir William of Orange Pills (@OrangePillWilly) September 5, 2021
Even MicroStrategy’s CEO and notorious Bitcoin enthusiast joined the party. Michael Saylor did his part to support El Salvador’s Bitcoin Law and spread the word to the sizable audience that follows him.
This worries me more than anything. We are at major retracement levels for the price and Michael saylor is getting retail to buy. If the bear market starts this week I wouldn’t be surprised.
— Golde 🔜 EDCLV2021? (@all41and14alll) September 6, 2021
Of course, this raised suspicion. “Everyone needs to be aware that this could possibly be leading the sheep to their death. Very nerve wracking these narratives are coming out before we hit the HUGE retracement levels,” said one commenter. “A hole. Letting retail buy exactly on the 70.2% retracement to dump on them huh,” said another. “If the bear market starts this week I wouldn’t be surprised,” predicted a third one.
Are they on to something or are they missing something? Michael Saylor strongly stated that MicroStrategy is not looking to sell any of their BTC any time soon, but, people have lied before. Do you know what doesn’t lie, though? Bitcoin. If Michael Saylor and company sell on El Salvador’s Bitcoin Law’s day, people will know. The same thing will happen if they buy.
BTC price chart for 06/09/2021 on Oanda | Source: BTC/USD on TradingView.com
Here, we can see a Korean bitcoiner translating the order to support El Salvador’s Bitcoin Law and the community from that side of the world responding below.
[6월24일 엘살바도르는 국민 1인당 30$어치 비트코인을 지급하기로 했습니다.]
이것을 기념하기위하여 300만명의 브라질 커뮤니티에서 다같이 30$를 구매하자고 시작한 이벤트입니다.
이것은 엘살바도르의 지원을 의미합니다. #bitcoin#ElSalvador https://t.co/2I9zZkWPRA pic.twitter.com/QD1ntWevRd
— ATOMIC⚡️ BITCOIN (@atomicBTC) September 6, 2021
It’s curious that the translated tweet, one of the first ones in that social network, talks about a Brazilian Bitcoin Community and that they’re doing it “remembering that Sep 7th is Brazil’s independence Day.” As far as we can tell, they link to the same /r/Bitcoin post we identified as the origin and almost all of the posts there are in English.
Related Reading | Michael Saylor Brings The Thunder To Venezuelan Bitcoin-Only Podcast
It’s also curious that the Satoshi Nakamoney character keeps adding up to the story as it progresses, and ends up declaring.“To be clear: massive #bitcoin buy will happen at 3pm of El Salvador time zone.”
Can you think of anything else in the world bringing people together as much as #Bitcoin is right now?Anything even at any time in your life?
Have you ever felt such benevolence to strangers from different nations, religions and other affiliations as you do toward bitcoiners?
— Tomerrrr Strolight – Slayer of Lies (@TomerStrolight) September 6, 2021
Will this collective action pump the price as El Salvador’s Bitcoin Law goes into effect? Maybe the plebs can’t do it by themselves, but what about doing it with Michael Saylor’s help? Another fascinating activity to monitor tomorrow. Legal Tender day is here.
Featured Image: Bitcoin Day Flyer | Charts by TradingView/a>
Is this what Elon Musk wanted? To constantly be present on every type of news outlet? The bastion of quality journalism known as Page Six reports that the billionaire, his rockstar girlfriend, and musical guest Miley Cirrus went to a Dogecoin-themed party. This was after Musk’s infamous Saturday Night Live hosting gig, a night that created all kinds of disasters.
The party was at a hotel called Public, which opened just for the celebrities for the first time in 14 months. Page Six describes it as:
“It was a cryptocurrency-themed bash for Elon,” a spy told Page Six. “Ian opened it just for Elon and his guests. Girls were dressed as aliens, walking around with trays of Dogecoin cookies and cupcakes, and there were Dogecoin ice sculptures.”
To make things worse, a handler brought a Shiba Inu dog, a live Dogecoin logo. Other celebrities in attendance were actual comedian Chris Rock, SNL’s creator Lorne Michaels, Weekend Update’s Colin Jost, and South Park’s creator Matt Stone.
Related Reading | Dave Portnoy Buys SafeMoon, Says He Doesn’t Know Why
Apart from that, Page Six reports that Grimes was hospitalized the day after. She informed the public herself through her Instagram page.
“Forgot to post these cuz I somehow caused myself to have a panic attack and went to the hospital yesterday which tbh was quite scary and I suppose it’s a good time to start therapy.” Grimes captioned the pics of her dressed as Princess Peach alongside musical guest Miley Cyrus.
Yes. That was Grimes as Mario Bro’s Princess Peach in a much-mocked sketch that made the rounds on social media after Elon Musk’s disastrous performance. It’s worth noting that the billionaire was one of the very few people that has been invited to host SNL without being an actor, comedian, musician, or performer of any kind.
DOGE price chart on Bitfinex | Source: DOGE/USD on TradingView.com
Grimes wasn’t the only one affected that night. As NewsBTC reported, Dogecoin took a 30% dip after Musk’s performance:
In the run-up to last weekend’s SNL show, Musk was expected to mention Dogecoin, which he did during his opening monologue, and again during a Q&A describing it as a “hustle.” But markets reacted by selling off, tanking the price by as much as 30% at one point.
At the time, the tanking went down to $0.49 per coin. Nowadays, it’s even lower. Dogecoin trades at $0.47 at the time of writing. Of course, the coin is still affected by Elon’s takedown of the whole cryptomarket by announcing that Tesla wasn’t accepting Bitcoin anymore because of bogus concerns about its environmental impact. For more information about this matter, head over to Bitcoinist.
Related Reading | Coinbase Banks On Dogecoin Listing To Revive Stuttering Fortunes
Last but not least, Musk’s fortune also took a dive after people realized how unfunny he was. According to Forbes estimations:
The fortune of Tesla’s billionaire cofounder and CEO, Elon Musk, has plunged by more than $20 billion since Musk made his controversial appearance on Saturday Night Live last weekend.
Is this what Elon Musk wanted?
Featured Image by Ganapathy Kumar on Unsplash - Charts by TradingView