Thank you, Lord, for this day. May it be used for your glory!
Good morning and welcome to another edition of Inspiration Friday! This week I have 4 articles from the future! Just kidding, but one of them definitely is futuristic for sure. Let’s jump on in and see what I’m talking about!
Watch The Futuristic Flying Car Volar's Amazing First Test Flight Footage
This is a super cool video to watch! The article goes through some of the processes of building one of the first flying cars, but the video itself is awesome!
I’ve been saying for years we need flying cars. If we have flying cars, we can build vertical highway systems instead of horizontal ones that take up our precious and limited space on the ground.
It could give us more room for parks, homes, stores, and who knows what else.
Now let’s give this technology to Elon Musk. I’d love a self-driving flying Tesla.
Putting in my order now for when I turn 70 and they finally come out, haha!
US Banks Form Group to Offer USDF Stablecoin
This was some very interesting news! Apparently, 4 big banks in the US are forming a group to launch a new stable coin for the US dollar!
If you don’t know, a stable coin is a cryptocurrency whose purpose is to remain…well, stable.
The idea is that they always have a 1:1 ratio with the dollar price. From my understanding, they do this by minting a brand new coin every time you buy a coin. Then if you sell your coin for an actual US dollar, the stable coin is destroyed.
This allows you to turn your dollars into digital assets on the blockchain. You can then send them around using instant blockchain technology instead of bank transfers that take ages to complete.
That’s just one small example of their usage. There are plenty of extremely complicated use cases for stable coins in the decentralized finance (DeFi) world, but we won’t get into that right now.
It is not reported yet whether this new USDF stable coin will be FDIC insured or not, but I think it’s still a cool first step to see US banks getting involved with the crypto space in this way.
The next stop is bitcoin, haha!
NFT Group Buys Copy Of Dune For €2.66 Million, Believing It Gives Them Copyright
This article is just all sorts of entertaining!
So, first off this group of people formed a DAO called the Spice Dao (a play on the sought-after “spice” in Dune).
A DAO stands for “Decentralized Autonomous Organization.” It is like the new web3 version of creating a company. They form this DAO by selling tokens, and if you buy a token you are in the DAO and have voting rights and stuff. All the money from selling tokens goes into a treasury account.
So this DAO raised money and bought what I think is the original copy of the book, Dune, written by Frank Herbert.
They bought it for like $3 million!
Here’s the funny part, though.
Apparently, they thought that if they bought the original book, they would own the rights to the book.
That is not how copyrights work.
This DAO plans to release the book for free to people, create a brand new animated Dune series, and also help fund other Dune-related projects. All because they now “own the rights” to Dune.
If any of these things happen they will most likely be sued.
I told you it was an interesting story! We’ll have to see how it plays out!
Inside Coinbase’s Budding Plan To Become The AWS Of Crypto
Coinbase is a pretty big name in the crypto world, especially in the US. They are a centralized exchange to buy and trade cryptocurrencies. They even have a Visa debit card where you can spend your cryptocurrencies and get like 4% back in more crypto!
They are also known for being extremely thorough in choosing what cryptocurrencies will be listed on their exchange. Most new crypto projects view getting listed on Coinbase as a huge validation for their project to the public.
Not a ton know this, but Coinbase has another project called Bison Trails.
Their goal with Bison Trails is to one day be considered the AWS of crypto.
What does AWS do again?
Well, Amazon Web Services (AWS) can be used by companies or individuals all over to launch web services.
So if your website or application uses the internet, AWS is a good proponent for launching your app. They help you set up and control complicated things like security and scaling when it comes to web apps.
Bison Trails aims to do the same thing, but for people who want to build applications on the blockchain. They already support infrastructure for building on top of several blockchains, and their team is only getting started.
All right! I think that’s it for this week! Hope y’all have a wonderful weekend and I’ll talk to y’all next week!