Paypal ki cryptocurrency 📈

Welcome 🙏to Joint #10! We are sure to give you some insights about this week's weekly updates too🥳 keep reading!

We come up with every week's best web3 updates and present it in the most fun way possible 🤗.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. Scaleup Program for Web3 Startups 📈

2. Paypal ki cryptocurrency 🤔

3. Wtf are Dynamic NFTs 👀

4. Commercial licenses to web3 startups 🤌🏻

📈Scaleup Program for Web3 Startups📈

It's Definitely not easy to run a web3 startup! Bahaut bahaut struggle hai and honestly you need to have each and every skill in you and your team to be able to pull it off well😭😭🤌🤌

Aur what if i tell you this struggle could get a bit simpler🤌👀 well presenting before you all an excellent Scaleup Program for Web3 Startups 🥳🥳🎊🎊

GravityX Capital, an early stage web3 venture capital firm, and CoinSwitch Ventures, the investment arm of crypto exchange CoinSwitch, have launched ‘LevitateX’, a Web3 Scale Up programme👏👏👏

With this, much of the struggle of running a web3 startup have come to a slow end..this Scaleup Program will be so so fruitful 🍌for all you web3 startups out there💯💯🙌

Through the programme, early stage Web 3 companies will be helped to launch their products and also achieve operational excellence! What else do you need?!😭😭😭

The programme includes essential elements such as -

1. Brand Positioning ✅

2. Marketing 🌐

3. PR🫂

4. Community and Developer activation☢️

5. Strategic business development📈

6. Establishing Partnerships 🤝

7. Investor Access🛫 

8. Technical Support 🌱

9. Web3 mentors 🤌

10. More advanced strategies 🔗

As of now, details about enrollment are yet to be made public! Stay tuned for more information 🤝

 🤔Paypal ki Cryptocurrency🤔

Paypal naam to suna hai? Haina? Ofc yes

So paypal has now stepped into the world of cryptocurrencies 🥳🥳🎊🎊🎊

Global payment processing giant PayPal has announced its United States dollar pegged payment stablecoin called PayPal USD (PYUSD)!👏👏🎊🎊

Abhi why is this such a big news? LET'S FIND OUT 👀

The launch showcases the company’s focus 🎯on becoming a crypto payment giant and aims to make the stablecoin a key part of its payment infrastructure📈

PYUSD is currently being rolled out for selected customers in the United States.

The stablecoin is developed on Ethereum (ERC-20) and will be issued by Paxos Trust Co. PYUSD is reportedly fully backed by U.S. dollar deposits,💰 short-term Treasurys🎁 and similar cash equivalents💸

PYUSD will be primarily used for a mode of payment for millions of PayPal merchants. The new stablecoin will be made available on Venmo in the near future🤌🤌

Here users will be able to transfer it between the two platforms. The stablecoin will also be transferable with wallets that support PYUSD, such as Coinbase Wallet and MetaMask😭😭🤌🤌 this is cool!

The PYUSD launch is widely celebrated as a net positive➕️ for the crypto industry but came with its fair share of controversy🥲

The controversy is around the PayPal stablecoin contract as: -

👉It Is written in an extremely old version of Solidity

👉Allows the owner to pause all transfers -

👉Allows the owner to freeze addresses to prevent actions

👉Allows admins to increase the total supply at will

PayPal entering the stablecoin market also raises hopes for clearer regulations for cryptocurrencies in the U.S.🥺

Many in the crypto industry claim that current regulations are outdated and unclear, making doing business difficult! And now with Paypal entering this space we expect better regulations coming soon🥳🥳🥳

With the growing popularity and expanding market cap, stablecoins have also become a key topic of discussion among policymakers in the United States🇺🇸

👀Wtf are Dynamic NFTs👀

Soo let's learn about Dynamic NFTs 🙌💯

Dynamic NFTs, or Dynamic Non Fungible Tokens, are a specialized type of non fungible token (NFT) that possesses the capability to change, adapt, or respond to various factors or conditions. Bole toh Smart NFTS😎

Unlike traditional NFTs, which are typically static representations of digital or digitalized assets, dynamic NFTs introduce an element of interactivity🧩, programmability👨‍💻, and real time updates.

Abhi samjha kya what are Dynamic NFTs? Nhi?! Koi ni let's take a deeper dive🤿

Here are some key aspects of Dynamic NFTs:

1. Interactivity:

Dynamic NFTs can incorporate interactive elements, allowing users to interact with the asset in ways that go beyond simple viewing✅️ This could involve triggering animations, navigating through different scenes, or even influencing the appearance or behavior of the NFT.

2. Programmability:

Dynamic NFTs can contain code or scripts that dictate their behavior. These scripts can be programmed to respond to specific events, conditions, or user inputs. This gives creators the ability to design NFTs that react in unique and customized ways.💯

3. Real-time Updates:

Dynamic NFTs can pull in data from external sources in real-time. For instance, an NFT could display live data like stock market prices, weather conditions, or social media metrics. 📈🤌This real-time data integration adds a layer of dynamic and ever-changing content to the NFT. (This one's my personal favorite tbh🥺)

4. Adaptability:

Dynamic NFTs have the ability to change their appearance, content, or behavior based on predefined rules or conditions. This adaptability could include altering the artwork, adjusting the animation speed, or modifying the visual effects based on certain triggers.🙌

5. Environmental Interaction:

Some dynamic NFTs can react to changes in the environment. For example, an NFT artwork might change its colors based on the time of day or adjust its appearance based on the location of the viewer.(coolest of all🤌🤌😭😭😭)

6. Tokenized Experiences:

Dynamic NFTs can provide token holders with unique experiences that evolve over time. This could involve unlocking new content, accessing special events, or participating in interactive narratives related to the NFT.🔗

7. Utility and Functionality:

Beyond visual or artistic purposes, dynamic NFTs can serve functional roles. They can grant access to exclusive content, virtual spaces, or even certain functionalities within decentralized applications (dApps).🎯

8. Challenges and Complexity:

Developing dynamic NFTs involves additional complexity compared to creating static NFTs. Creators need to consider factors like security, data sources, scalability, and potential bugs in the code.(more mehnat)🔒

In essence, dynamic NFTs introduce an exciting dimension of interactivity and engagement to the NFT ecosystem. 🥳

I hope this explanation cleared the concept of Dynamic NFTs 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!

💸Commercial licenses to web3 startups💸

Dubai offers a 90% discount on commercial licenses for AI and web3 companies!🔉🥳

Dubai has initiated a bold strategy to attract AI and Web3 businesses by offering a 90% discount on commercial licenses, aiming to become a major tech hub in the world. 👨‍💻🌐

The city has been witnessing a surge in crypto and blockchain enterprises, with over 400 current businesses expected to grow📈 to more than 1,000 by the end of the year💰🔗

The license is being offered by Dubai AI and Web 3.0 Campus, a business incubator helping to scale next-gen tech companies.😭😭🤌🤌 super cool i wanna go to dubai now😭🤌

This represents a growing trust and interest from investors in Dubai’s crypto and blockchain initiatives.

As Web 3.0 technologies continue to shape the future, Dubai is positioned to witness a boom in startups harnessing this potential💯💯

Dubai’s tech ambitions don’t just stop at AI and Web3. Embracing the cryptocurrency wave, the city has endorsed several crypto based ventures too🤌🤌💰

Dubai has already started to position itself as an emerging Web3 Hub and honestly i just can't wait for the rest of the world to hop onn🤌🤌😭😭

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 #10 had to offer we went from Paypal to dynamic nfts 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 #11!!🫂🫂