This week in the Chukchi:
Bitcoin halving and what it means
Less than 10% of all bitcoin that is left to be mined
The first play-to-earn game in the Metaverse that mirrors the real world of thoroughbred horse racing
The Real estate investment crowdfunding platform that Jeff Bezos invested in
Montana State University students building a solar car
LEARNING SERIES #11: What is Bitcoin halving?
Every four years, the amount of bitcoin awarded to miners is reduced by half, until all 21 million bitcoin have been virtually mined (probably around the year 2140). The halving mechanism helps make bitcoin a scarce, inflation-resistant resource.
Check to see if your answer is correct at the bottom of this email. Beluga whales create suction and a jet of water with their mouths to eat food off the ocean floor. A. True B. False
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CRYPTO: Only 2 million bitcoin left in existence
Bitcoin has been designed in a way that its circulation stays fixed and supply decreases over time. Nearly 13 years after it was found, 19 million Bitcoins have already been mined. However, the remaining 2 million will take more than a century to be found. This is because of the halving that happens every 4 years, which reduces the mining rewards by half and decreases the new supply.
Still confused? Check out this week's learning series for a more in-depth explanation of bitcoin halving.
NFT: The first play-to-earn game in the Metaverse that mirrors the real world of thoroughbred horse racing
Silks brings a collection of 10,000 Silks Genesis Avatars in race suits, with horses, lands, and stables, all existing as NFTs patiently in the Silks Metaverse. This will be the first derivative play-to-earn game in the Metaverse that mirrors the real world of thoroughbred horse racing.
EMERGING TECH: Real Estate Investment Platform Fully Funds Six Properties In Under 12 Hours
The real estate investment platform Arrived Homes launched its latest batch of new offerings yesterday; six rental properties that retail investors can buy into with as little as $100. The company attracted interest from several high-profile investors during its seed round, with investments from Amazon, Salesforce, Zillow, and Uber.
LOCAL: Montana State University student team designs, builds solar car
A Montana State University student group is building and designing a solar-powered car, putting knowledge from the classroom into hands-on learning experience with renewable energy.
The group, Bridger Solar Team, has the goal of building a competitive solar car to race in the American Solar Challenge held in the summer of 2023.
À LA CARTE
A beluga whale's flexible neck allows a wide range of motion while foraging the ocean floor. Observations suggest that belugas can produce suction and a strong jet of water with their mouths which, like that of walruses, may dislodge prey from the bottom.