Chukchi #14
This week in the Chukchi:
Fractional NFTs and how they work
The implications of inheriting crypto
The Bored Ape Instagram hack that led to 3 million and stolen NFTs
How Elon Musk might change Twitter
16-year-old Bozeman climate activist preps for 2500 mile bike ride to raise awareness for climate change.
LEARNING SERIES #13: Fractional NFTs
Fractional NFTs allow individuals who have been priced out of collections over and over the ability to become partial owners of NFTs they previously wouldn't have been able to own. This has created a smaller micro-economy of fractionalized digital assets. Within this now quickly-growing micro-economy is a wide array of interesting (and sometimes very weird) use cases.
Trivia
Check to see if your answer is correct at the bottom of this email.
How much does a Beluga whale eat in a day?
A. 20 lbs
B. 300 lbs
C. 60 lbs
D. 10 lbs
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Crypto: Inheriting bitcoin is harder than you'd think
A growing number of financial advisors and estate planners have realized that passing down crypto isn’t as easy as you’d think. This is bad news for many because there aren’t currently established ways to ensure that crypto is passed on to the next of kin. Without a plan, crypto investors could die and leave their heirs locked out of a valuable source of financial support and no way to get it back. The crypto investors who are trying to plan ahead, along with tax lawyers and financial advisers, are running into logistical complications along the way.
NFT: Bored Ape hackers stole nearly $3 million worth of NFTs
Hackers have hit Bored Apes yet again.
On Monday morning, the Bored Ape Yacht Club’s official Instagram account was hacked and four of the NFTs, as well as other NFTs created by Yuga Labs, were stolen. The hacker posted a fraudulent link to a copycat of the Bored Ape website with a fake Airdrop where some users were duped into believing that if they clicked the link, they would be able to access a new feature for their NFTs. Instead, it allowed the hacker to access their Ethereum assets.
TECH NEWS: How Elon Musk might change Twitter
Elon Musk is set to purchase Twitter for $44bn and although this has created an environment for everyone to have different opinions, what does the future for Twitter hold? No one knows exactly what the billionaire entrepreneur has planned, with even Twitter boss Parag Agrawal acknowledging the future is uncertain. But the world's richest man has given some clues such as potentially bringing back band accounts, pushing users to pay, a crackdown on bots, and the introduction of an edit button.
Illustration by Kristen Radtke / The Verge; Getty Images
LOCAL: Bozeman climate change youth activist preps for 2,500-mile bike ride
Morse is now an environmental activist, an athlete and a junior at Bozeman High School. She’s the executive director of the Green Schools Campaign, and she’s using an upcoming 2,745-mile bike ride to raise money and awareness around climate change activism.
“Basically I thought it would be an awesome experience, and I wanted to integrate climate justice into it,” she said. “I’m hoping to build awareness for the youth climate justice movement and push for more women, queer and non-binary people in cycling and the outdoors.”
À LA CARTE
Do Kwon reveals plan to increase UST's bitcoin reserve to $3 billion
Mini Cooper maker’s new ebikes are merging high tech and retro-cool
Can you truly own anything in the metaverse? Not really, says a law professor
Trivia Answer
C
A beluga whale consumes approximately 27 kilograms (60 lbs) of food per day. If that doesn’t seem like much to you, 27 kilograms of spaghetti is enough to feed 600 people!
(Source)