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NFTs Are More Popular Than Ever Despite Sour Mood in Wider Crypto Market

Non-fungible tokens (NFTs) are more popular than ever, according to Google Trends. The tool is currently returning a perfect score of 100 for the worldwide search query “NFT” over the past five years.

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Decentralized Rendering Engine Raises $30M as Metaverse Graphics Go Big

Host protocol Render Network, which allows digital artists to pay for pooled computer rendering power, has raised $30 million amid growing demand for metaverse production technology. "The Hash" hosts discuss the outlook for Render, which some say is the decentralized alternative to Pixar’s mighty 3D rendering and its role in the future of virtual worlds. Plus, exploring the possibility of GPU mining as a service.

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Jack Dorsey Backs Bitcoin as Dollar’s Replacement but Questions Web 3

Responding to Cardi B on whether crypto would replace the U.S. dollar, Twitter co-founder Jack Dorsey replied, “Yes, Bitcoin will.” Separately, Dorsey also voiced concerns about the lack of ownership in Web 3. “The Hash” panel breaks down Dorsey’s statements, questioning his bitcoin maximalism and the role of venture capitalism in the wider development of a decentralized internet ecosystem.

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Polkadot Parachains Go Live, Capping Yearslong Tech Build for Ambitious Blockchain Project

After several years in development, Polkadot, an underlying framework for connecting various blockchains, now has five live parachains, or “parallelized chains”: Acala, Moonbeam, Parallel Finance, Astar, and Clover. Polkadot will ultimately offer 100 parachain slots. “The Hash” team discusses where this update puts Polkadot in the layer 1 blockchain conversation as it competes with Ethereum.

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FTX.US Scores Deal With Owner of Washington Wizards, Capitals in Bid to Expand DC Presence

In an attempt to be more visible to regulators, FTX.US has partnered with Washington, D.C.-based Monumental Sports and Entertainment (MSE). MSE owns the NBA’s Washington Wizards, the NHL’s Washington Capitals, the WNBA’s Washington Mystics, and Capital One Arena, where all three teams play.

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JPMorgan to Develop Blockchain Payment System for Siemens

Banking giant JPMorgan has reportedly partnered with industrial group Siemens to develop a blockchain payment system. This comes after recent news of a joint blockchain initiative between HSBC and Wells Fargo for forex transactions. “The Hash” panel discusses what this project means for the ongoing narrative of enterprise blockchain and where institutional adoption could be headed.

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Federal Court Dismisses Ross Ulbricht Lawsuit

Silk Road Founder Ross Ulbricht filed a lawsuit against the Federal Bureau of Prisons after being barred from using a prison email system to communicate with his family, claiming that this restriction hindered his religious obligations to his mother and father.

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Justin Sun Leaves Tron to Serve as Grenada’s World Trade Organization Ambassador

Polarizing crypto entrepreneur Justin Sun is leaving his brainchild Tron blockchain and instead becoming an ambassador of the Grenada government to the World Trade Organization (WTO). “The Hash” hosts discuss Sun moving to focus on crypto legitimization in Latin American countries, the implications for the Tron Foundation and the state of crypto in Grenada.

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Chainalysis: DeFi ‘Rug Pull’ Scams Pulled in $2.8B This Year

Crypto investors in 2021 lost over $2.8 billion to “rug pulls,” a colloquial term for a type of crypto scam, according to Chainalysis. This year, the rise in scams reportedly mirrored a general rise in cryptocurrency prices. “The Hash” panel discusses the latest story highlighting the growth and risks of DeFi.

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Ray Dalio Gets Into Ether, Praising Crypto While Calling Cash the ‘Worst Investment’

Bridgewater Associates’ Ray Dalio, one of the world’s most prolific and successful investors, says cash is “the worst investment,” also confirming he holds ether in addition to bitcoin. “The Hash” team discusses the billionaire hedge fund titan’s comments and what that means for bitcoin and the crypto markets.

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