Crypto as a funding Method!💰

Welcome 🙏to Joint #17! We are sure to give you some insights about this week's weekly updates too🥳 keep reading!

This week was really happening and yes aapko ni idea…but worry not! Web3 Stash Hai na😇 Let's start by having a look at BTC and ETH 👀

Abhi let's dive into some good web3 news and trust me it's fun keep reading😭😭🤌🏻 Today we will be covering the following topics -

1. Crypto as a Funding Method💴

2. Tap and Pay for cryptocurrencies 🚀

3. Understanding ways of making passive income 💰

4. Skoda enters the metaverse 🥳

💴Crypto as a Funding Method💴

We have some news from Japan 🥳🥳

The Japanese government has just announced a shake-up in the way startup companies can raise capital.💰

They plan to allow companies to raise funds through the issuance of crypto assets, such as currencies, instead of stocks!🥳🥳🥳

Venture capital firms typically use limited partnerships to pool capital with other companies for startup investment, which caps their exposure to the money they put in. 🤌🤌😭😭

Up to this point, Japanese financial laws have restricted limited partnerships to more conventional assets, such as shares, stock options, and security tokens. The new rule adds other tokens and crypto assets to this list. Finally!🤌🤌🥳🥳

Blockchain-based tokens offer a range of benefits not offered by more conventional assets, including the ability to be created quickly without needing to go through an intermediary such as a brokerage firm.🤌🤌😭😭

The addition of crypto as a funding method is expected to primarily benefit companies involved in next-generation Web3 technologies.🌐🔗

The Japanese government is now looking to remove the restrictions blocking limited partnerships from investing📈 in tokens to allow Japanese venture capital firms and institutional investors to participate in and benefit from the growth of the Web3 industry.💯🙌

 🚀Tap and Pay for Cryptocurrencies🚀

Singapore based mobile payment app Oobit has introduced a Tap & Pay solution to support the adoption of cryptocurrencies as a means of payment.🥳🥳🎊🎊

The Tap & Pay solution enables cryptocurrency holders to make contactless payments, similar to the experience offered by Apple Pay🤌💰

This can be done using major cryptocurrencies at any of the over 100 million businesses worldwide that accept Visa or Mastercard. 🌐👨‍💻

Despite millions of cryptocurrency holders globally, the majority of users encounter difficulties when attempting to utilise their cryptocurrencies for payments🥺🔻

Oobit has identified the challenges faced by both merchants and users in embracing cryptocurrencies for payments🙌🚀

In this context, Oobit has developed its Tap & Pay solution, enabling merchants to accept digital assets without the need for onboarding processes and providing instant transaction confirmations, ensuring they receive fiat currency as usual.🤌🤌😭😭😭super cool

The technology behind the app leverages NFC (near-field communication) on mobile devices to facilitate secure🔒 and contactless payments 🔗through existing payment networks.

Users benefit from tokenized payments, with cryptocurrencies seamlessly converted to fiat currency in real time💰. The app efficiently manages transactions and ensures financial reconciliation in line with user-defined spending policies. 🌐

👉🏻Understanding ways of making Passive Income 👈🏻

We all love making money, don't we?🤔

Well, making money actively is what we all know but what we don't know is PASSIVE INCOME FROM CRYPTO 🙌🚀💰

Let's understand this today!🤌

Here's an explanation of making passive income from cryptocurrency :

1. Staking 💰:

- Staking involves locking up a certain amount of cryptocurrency in a wallet to support a blockchain network🤌

- Earn rewards in the form of additional tokens for validating transactions or participating in network governance.😭😭🤌

2. Dividend Coins 📈:

- Invest in cryptocurrencies that offer dividend-like payouts, such as dividend coins or tokens.💰

- Earn passive income by holding these assets as they distribute periodic rewards.🔗

3. Liquidity Provision 🔄:

- Provide liquidity to decentralized exchanges (DEXs) by depositing your assets into liquidity pools.

- Earn a share of the trading fees generated by the platform.📈✅️

4. Crypto Savings Accounts 🏦:

- Deposit your cryptocurrency into specialized savings accounts offered by crypto platforms.

- Earn interest on your holdings, often higher than traditional banks.💶💸

5. Masternodes 🖥️:

- Run a masternode for certain cryptocurrencies like Dash or VeChain.⚒️

- Receive rewards for validating transactions and maintaining network stability.🎯

6. Yield Farming 🚜:

- Participate in DeFi (Decentralized Finance) protocols by lending or providing liquidity.🎊

- Earn interest or fees from lending your assets or participating in liquidity pools.🔒

7. NFT Royalties 🎨:

- Create and sell non-fungible tokens (NFTs) with royalties attached.

- Continuously earn a percentage of the sales whenever your NFT is resold.🚀🚀

8. Crypto Mining ⛏️:

- If you have the technical expertise and resources, consider cryptocurrency mining.📈

- Generate passive income by validating and securing blockchain transactions.🌐

9. Stablecoin Yield Platforms 🪙:

- Deposit stablecoins into platforms like Compound or Aave.

- Earn interest on your stablecoin holdings with relatively lower risk.🔻

10. Crypto Lending 💳:

- Use lending platforms to lend your crypto assets to borrowers.

- Receive interest payments as borrowers repay their loans.💸

I hope this explanation made it clear how to make passive income in crypto and now I want you guys to share this newsletter within your group and get us some more subscribers!🥺🥺

That's the only fee you guys need to pay for getting many more cool explanations on complicated topics🤌🏻 SUBSCRIBE NOW!

💸Skoda Enters Metaverse💸

Skoda India has taken its first steps into the world of Web3 with the successful sale of 128 unique NFTs!🥳

These NFTs, which the company says represent a blend of automotive innovation and artistic expression, were swiftly purchased within a mere 128 minutes (or a little over two hours). 😱💰

Each NFT is designed to be a personalised piece of artwork that pays homage to Skoda's 128-year history.

These NFTs were offered at a price of Rs 5,000. Moreover, the brand says, the NFTs were made on the NEAR Protocol, a project recognised for its commitment to carbon neutrality!💯💯✅

Owners of these Skodaverse NFTs 🌐enjoy several benefits, including customised merchandise featuring their unique NFT art, exclusive automotive accessories, access to Skoda events🙌, and even a free airdrop of the next NFT as a token of appreciation.🚀

The NFT designs were created with the assistance of design students from institutions such as the Pearl Academy in Jaipur and the MIT Institute of Design in Pune.

Now, Stay subscribed and ask your Web3 friends too as we will update you on more news as soon as we have some progress 😎

This is what the JOINT #17 had to offer we went from Passive Income to Skoda and we promise to deliver an even better experience next time🤗🤗 so stay subscribed!

Also please do me a favor and share this newsletter with your web3 friends 🫂🫂(secret - this will make sure you make good money in web3 world in the coming future)❤️❤️😭😭😭

Thanks for spending your valuable 5 minutes with us, see you soon in JOINT #18!!🫂🫂