Thank you, Lord, for this day. May it be used for your glory!
Good morning and welcome back to another edition of Friday Inspiration! I apologize to those of you who don’t love crypto because this week we have 4 crypto related articles, haha! And I further aplogize to those that tolerate crypto but really hate NFTs, because 3 of them are about NFTs.
If you are still with me, though, then let’s jump on in!
Milo Releases First-Ever U.S. Crypto Mortgage
https://nationalmortgageprofessional.com/news/milo-releases-first-ever-us-crypto-mortgage
This was a really fascinating article about a company that I’ve personally never heard of, doing something no one in the world has ever heard of. A crypto mortgage!
The idea behind this is to allow crypto investors an avenue to diversify their investmeents via real estate.
The current issue with crypto investors buying real estate is that the only avenue is to sell their crypto, and then purchase a home.
There are two issues with that.
The first is that those investors need to pay capital gains tax on anything they sold. This can be a big deterrent to buying an investment property if you immediately lose 15% of your investment to taxes.
The second issue is the opportunity cost. What happens if you sell your crypto to buy a house and then the crypto goes up over the next few years. Bummer.
Thus, Milo aims to solve both of these problems.
You can now get up to a 100% mortgage by using crypto instead of cash down! That means you can keep your crypto AND buy a house at the same time. Both of those assets (ideally) will appreciate, and you will keep both. It’s beautiful, and I’ll be interested to see who the first to do it is!
Facebook and Instagram will reportedly become major NFT marketplaces
Meta wants in the NFT game! That’s what I’m hearing. Though with the most recent Meta news, it sounds like they’ll do anything to stay alive. However, jokes aside, this NFT news is really not a surprising addition to their metaverse shift.
See, in the web3 world, metaverses and NFTs go hand in hand. People are selling real estate in virtual worlds via NFTs, 3D characters in virtual worlds as NFTs, and so much more.
It only makes sense that Meta would want to allow NFTs to be sold on Facebook and Instagram.
I think the hardcore web3 people would say this is dumb and totally opposite of the decentralization efforts of web3. However, the majority of people are going to stay on Facebook and Instagram. The majority don’t really care about Meta being centralized. At least for now.
It will be an interesting transition. Will Meta simply be introducing people to NFTs only for them to leave for the more hardcore platforms? Or will Meta become a mainstream NFT platform for their mainstream metaverse? I guess we’ll find out.
OpenSea Is Adding Solana NFTs, Phantom Wallet Support: Leaked Images
https://decrypt.co/91220/opensea-solana-nfts-phantom-wallet-leaked-images?utm_source=tldrnewsletter
Speaking of NFT platforms. OpenSea is probably the most popular, most well-known, and most used NFT platform to date.
However, until now, they have only operated with NFTs on the Ethereum (and Polygon) blockchain. This is because Ethereum was the first to create NFTs.
As time has gone on, however, many other blockchains have been created that are gaining major traction and popularity. One of the top ones right now is Solana. Their speed and low cost have skyrocketed the blockchain, especially in the NFT world.
There are several NFT platforms that operate solely with Solana NFTs, but if OpenSea actually adds Solana support, I think they would overtake all the other ones, and really establish their hold as the number one NFT platform.
Take that Meta.
Blockbuster Preparing to Enter Crypto and NFTs
https://u.today/blockbuster-preparing-to-enter-crypto-and-nfts
But wait, there’s one more platform!
Perhaps the greatest NFT platform we’ll ever see!
Blockbuster!
Remember that blue and yellow beauty? The store that always smelled like popcorn, a kid’s Friday night dream come true. Ahh, the memories.
If you remember, Tay and I actually got to go to the very last Blockbuster on earth last summer.
It. Was. Awesome!
Well, apparently, Blockbuster just filed a trademark application giving them the rights to sell NFTs! They want in. Could this be the comeback we’ve always wanted?