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What Has Been Happening in the Crypto Space Over the Last Week?

Cryptocurrency Jul 02, 2022 08:30AM ET
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What Has Been Happening in the Crypto Space Over the Last Week?

    • Many new crypto projects and events have been initiated in the crypto market in the past week.
    • Solana’s web3 smartphone project and NFT.NYC annual event are a few of the happenings in the crypto space.
    • Another fresh project is Soulbound Tokens (SBT) from the Ethereum team.

Despite the crypto market waving a red flag, there are few projects launched in the market, making positive news, in the past week.

One of the most notable happenings in the crypto industry is Solana’s announcement of a web3 smartphone. On June 23, Solana Mobile, a subsidiary of Solana Labs, introduced Saga.

Saga is a flagship Android mobile phone with unique functionality and features integrated with the Solana blockchain which makes it easy and secure to transact in web3 and manage digital assets. The crypto smartphone includes a 6.67” OLED display with 12 GB RAM and 512 GB storage.

Meanwhile, NFT.NYC, the annual NFT industry event took place between June 20-23 2022 The event was also a hot topic in the crypto space. This conference is the largest NFT conference in the world. According to those who attended the conference, the mood was quite optimistic despite the recent bear market.

One of the most notable announcements from the conference was made by the blue-chip NFT project Doodles, which recently launched a sequel called Dooplicator. Also, the NFT project announced that Pharrell Williams is now its Chief Brand Officer.

Another project that hit the headlines was Soulbound Tokens (SBT). SBTs are non-transferable identity and reputation tokens. In essence, they allow individuals to verify all their information – their education, work history, credit score, medical history, professional certifications, etc, by using blockchain technology.

The person behind the project is none other than Vitalik Buterin, the founder of Ethereum (ETH). SBTs are the answer to his questions on how to create a decentralized society (DeSoc) and how to make this vision a reality.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies

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What Has Been Happening in the Crypto Space Over the Last Week?
 

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