Thank you, Lord, for this day. May it be used for your glory!
Good morning and welcome back to another edition of Friday Inspiration!
This week I have a couple of stories in the crypto world (one good and one bad) plus two interesting articles about some pretty famous people.
Let’s jump in!
Axie Infinity’s Ronin Network Suffers $625M Exploit
https://www.coindesk.com/tech/2022/03/29/axie-infinitys-ronin-network-suffers-625m-exploit/
This is what they are calling the new biggest hack in the crypto space. This hack targeted the most popular crypto game called Axie Infinity.
Axie Infinity is kind of like a Pokemon-style game, where you can collect, breed, and fight other Axie creatures. The twist is that you get paid for winning fights and you can also breed and sell your Axies.
It gained tons of popularity in the Philippines when people couldn’t work due to covid. Now that they can go back to work, many are opting out to continue playing the game as they can make multitudes more playing a game in the comfort of their home for a couple of hours a day versus working all day doing manual labor.
This hack took place using the Ronin network. Apparently, this is the popular blockchain network that acts as a bridge between the game and the Ethereum network. The Ronin network was apparently vulnerable to an attack and a group of hackers were able to steal $625 million in Ethereum!
Tesla CEO Elon Musk sells all of his seven homes after vow to 'own no house
This was a really fascinating article to me. Well, the article itself not so much; mainly the headline. Elon Musk, worth like $200 billion, has now sold all 7 of his homes in California. I think that means he has officially cut ties with Cali and is a full-blown Texas guy now.
The crazy part is that he didn’t even buy a home in Texas. He doesn’t own a home anymore and said he doesn’t plan on owning another one ever again. He is renting a small home, worth around $50,000!
A man worth $200 billion, who sold 7 homes profiting a measly $20 million is renting a home in Texas for (I’m guessing) like $1,000 a month.
It seems like I’ve been hearing more and more wealthy people start to opt-out of homeownership. Could the American dream of owning a home start to see a decline?
Chris Hemsworth’s Centr Fitness App Bought by Mark Bezos’s HighPost
I’m not sure what the implications of this news will be, but Chris Hemsworth's (the guy who plays Thor) app, Centr, was just acquired! By none other than Jeff Bezos’s little brother, Mark.
Centr, for those that don’t know, is an overall fitness and well-being app. A lot of Chris Hemsworth’s personal trainers run classes on the app, his dieticians set up meal plans, and the app offers a lot more than that too. Taylor and I personally use the app and love it! The workouts are quick but effective, and the app is so easy to use.
It’s no surprise that in just 3 years it’s worth tens of millions!
Well, apparently, Mark who is a co-founder of the investment firm, HighPost, has decided to acquire Centr. They have plans to merge it with another fitness company called Inspire Fitness, which is a company that makes physical weight machines and whatnot.
What does this mean for the future of Centr? I’m not sure, but the leadership at Centr assured us this is great news and that through this acquisition we can expect Centr to take it to the next level! Whatever that might be.
DeSo Blockchain Surpasses 1.5 Million Users as the Decentralized Social Space Heats Up
Last but not least, DeSo is making it into the headlines! This is that blockchain I’m a big fan of that was designed from the ground up to handle social media applications.
They actually just had a huge 1-year birthday party for the blockchain in LA last week, which looked like it was a lot of fun. At the same time as the party, a well known investor on Tik Tok made a post about DeSo. With both of those things happening at the same time, the price of DeSo went from like $30 to $99 in a couple of hours! Now it’s back down to around $50, but still higher than it’s been for a while.
On top of all of this, Elon Musk tweeted out against Twitter. He made a poll that over a million people voted on asking whether they thought Twitter should make their algorithm public. I think over 80% of people said yes.
The algorithm he’s talking about is Twitter’s “censorship” algorithm that affects which posts you see, which are blocked, etc. Elon claims that all these social media giants have too much power and they need to be decentralized.
Many people asked him if he had plans to make his own social media platform, to which he responded and said he was thinking about it.
If he decided to build the said platform on the DeSo blockchain, that would be quite a boost to the platform for sure!