Luxury Events, Hospitality Partners, and the Current Market
This week has produced mysterious, concerning, and intriguing news in the NFT and Crypto spaces. At the time of publication, Bloomberg reported that the world’s most popular digital currency, Bitcoin, had surged back near the $20,000 mark, amid wider cryptocurrency advances, increasing by more than 6% during Friday’s Asian trading. Ethereum dipped slightly to $1,089.93, down just -.58%, and Solana increased to $34.66, a growth of 3.64%.
The Biden administration is currently considering stablecoin regulation. Cryptocurrencies, known as stablecoins, are anchored to a fiat currency, such as the U.S. dollar. Any regulation, according to the President’s Working Group (PWG) on Financial Markets, needs to take into account how stablecoins are currently used and how they could be used hereafter, including as a means of payment. Following the push on TerraUSD, which sent tremors through the cryptocurrency markets in early May, the PWG gathered behind closed doors on Thursday morning to discuss regulation of stablecoins. Policymakers are now willing to consider other options, such as a virtual subsidiary option, that will not involve insured depository institutions (brick and mortar banks). The administration has never before accepted the possibility of a model, other than conventional banks, as being adequate.
The 27 nations that make up the European Union (EU) have agreed to historic legislation that will govern crypto assets and service providers. The Markets in Crypto Assets (MiCA) framework has been the subject of negotiations between lawmakers, who constitute the third-largest economy in the world, for almost two years. As of Thursday, the regulatory proposal mandated that cryptocurrency issuers produce a “white paper,” a sort of intellectual declaration, register with the government, and maintain adequate reserve requirements for stablecoins.
In other news, approximately 1.8 million customers of OpenSea, a well-known NFT marketplace, are being warned their emails may have been exposed since one of its vendors took the emails and shared them with an unauthorized third party via employee access. This concerning announcement comes on the heels of the intriguing assertion by an Artificial Intelligence (AI) Google engineer and developer, Blake Lemoine, who asserted that AI is now “living” and “aware.” Has AI technology actually evolved, or has it merely advanced to the point where we might be fooled into thinking it has attained greater awareness? According to experts, there is no way to determine whether artificial intelligence is misrepresenting how it feels. Lemoine tested Google’s LaMDA (Language Model for Dialogue Applications) chatbot generator for months and was certain it had developed a unique personality, as LaMDA expressed its desires, interests, concerns, and values. Before The Washington Post reported on Lemoine’s claims that LaMDA had developed sentience, Google rejected his theory and ordered him on paid administrative leave earlier this month.
In NFT news, VeeFriends and Primitive announced a collaboration on a special Productive Puffin line. Paul Rodriguez (P-Rod), one of the most accomplished and successful skateboarders, and his company, Primitive Skateboarding, one of the most prestigious skateboarding and skate wear companies in the world, are partnering with GaryVee to produce a limited edition line of clothing donning the well-known Productive Puffin character. This exciting merch-launch follows this week’s major surprise announcement of the Saga smartphone, which is backed by Solana. The new gadget will function as a standard Android-based smartphone, as well as having crypto capabilities built into its silicon. According to reports, the device won’t ship until next year.
In Greenchip NFT news, using solar and storage technologies from Tesla, Blockstream and Jack Dorsey’s Block, previously Square, are starting construction on a bitcoin mine in Texas that will be powered by solar and batteries. The facility will be powered by a 3.8 megawatt solar PV array and a 12 megawatt-hour Megapack from Tesla. Blockstream co-founder and CEO Adam Back, a member of the “cypherpunk” group and a British cryptographer, told CNBC on the occasion of the Bitcoin 2022 conference in Miami, that the mining operation is intended to be solid evidence for large-scale bitcoin mining using only renewable energy.
Publicly available project performance parameters, such as total power output and the amount of bitcoin mined, will be displayed in real time on the dashboard. A feature of the dashboard will also contain performance data for solar and storage. This proves the hypothesis, according to Back, that bitcoin mining can finance zero-emission power infrastructure and foster long-term economic prosperity. West Texas is a haven for sustainable energy in the U.S. and Blockstream stated that one major objective will be to strengthen the bitcoin system by varying the cryptocurrency’s natural energy resources. With an ideal convergence of sunlight and air currents, unheard of in other locations, the gathering of both solar and wind energy will be beneficial for the local economy, as well as the Greenchip NFT movement.
Greenchip NFT and luxury hospitality company, Lazy 8ight Yacht Club (L8YC), is integrating Web0 (real world) utility into the Web3 space. In addition to private luxury events in Web0, and one-of-a-kind traversable mega-yacht NFTs, L8YC provides unprecedented yachting services and unique experiences through its exclusive hospitality partnerships. L8YC’s experienced in-house sales team assists with yacht sales needs, whether one is looking to buy their first boat, or trading up for something new. L8YC experts guide clients every step of the way, and Lazy 8ight’s experienced captains also offer one-on-one custom consulting, both virtually, and in-person. The NFT and luxury hospitality company assists boat owners with a vast array of topics, like engine room 101, navigation, yard period consulting, and safety at sea. L8YC members enjoy day charters on one of L8YC’s yachts, starting at just $300. With full and half days options available, holders enjoy access to over 500 day charter yachts, both across the U.S., as well as internationally. L8YC’s in-house team of charter brokers help plan the perfect charter, whether an overnight excursion in Mykonos, or a week-long trip to Alaska. Lazy 8ight designs everything, from the itinerary and activities, down to the vessel itself, all while negotiating the best rates.
Additionally, Lazy 8ight offers private chef services. Their catering partner, The Herbal Chef, curates high-end nights to remember, with the option of CBD & THC infusion to enhance multi-course meals. Chris Sayegh, and his team, create luxury catering for events, offering options like caviar stations, raw seafood bars, luxury buffets, prime beef carving stations, king salmon filets and more. L8YC is also pleased to now offer event security, through their partner, Security & Consulting, and their team of experienced military special operations individuals, ex-law enforcement, and retired members of the intelligence communities. Lazy 8ight’s security partner utilizes extensive training to ensure events are safe and secure, while providing the highest quality close protection, surveillance, and counter measure programs to prominent clients, VIPs, select corporations, and organizations, worldwide.
Be sure to visit Lazy 8ight Yacht Club’s website at http://L8yachtclub.com for minting and luxury hospitality service inquiries, or visit their Discord, Twitter, Medium, and Instagram pages on social media to stay up-to-date on current L8YC news.