⚡ Zash Community Update 16: Clubhouse, The Crypto rollercoaster, Collectible Cards & More
Building the future of retail investing
Each week we update you on our latest happenings, developments, product updates, and more.
Why? Community is at the heart of our product. We want you to be part of the crucial steps of our product development. You can read all of our previous Community Updates here.
Clubhouse Event 🎙️
Tonights the night! You can still sign up for our Clubhouse event on the Future of Social Networks and DAOs here or by clicking on our banner below!
Whats happening with crypto? ₿
Last week saw new regulations and public scrutiny around ESG concerns affecting the value of all cryptocurrencies. With huge price swings and increased volatility similar to that of the March 2020 crash.
The markets momentum took a significant hit last week when the People’s Bank of China banned banks and financial institutions from offering any services related to cryptocurrencies. This development, coupled with Elon Musk’s attack on Bitcoin, resulted in the price dropping 30% on May 19th, to a low of $30,101.
This isn't the first time China has heaped pressure on cryptocurrencies and Paul Haswell, a partner at Pinsent Masons law firm in Hong Kong had the following to say on the matter
“Part of it is they have their own digital renminbi, part is the lack of control in terms of cash outflows and part of it is trying to make sure people don’t get scammed,” read the rest of that piece in the Financial Times here.
Yesterday brought relief to Bitcoin and crypto enthusiasts as most of the major coins started the week with significant local gains. With further bounce back overnight as Musk posted some positive news on the future of Bitcoin mining.
More on this story can be found here.
Investing in Sports cards!?…
Serena Williams rookie card’s from the 2003 NetPro card set dropped on Otis yesterday
The first asset available was a rookie card from the 2003 NetPro card set. This asset dropped at 5pm yesterday with a market cap of $14,800, with an inferred value of between 15k and 35k.
The second drop was also a rookie card from the 2003 NetPro card set. Dropping at the same time yesterday with a market cap of $18,400, and an inferred value of between 10k and 20k.
Williams is one of the top tennis players of all time and has won 23 grand slams throughout her illustrious career.
This drop represents the first opportunity to invest in a female athlete on Otis, you can check out more here.
Serena’s drop on Otis represents a significant development in the world of sports card trading. Until recently Baseball cards had dominated in this area, but the introduction of NBA Top Shots expanded the area with tennis the latest addition.
⚡Zash in Focus⚡
In Case you missed it Zash was featured by our investors and friends at Entrepreneur’s First last week. Check it out below!
Reading & Listening of the Week 💡
That’s all for now and we’ll see you next week,
P.s. it seems that some of you have had our emails going to your Promotions tab. In order to train the algorithm, you can drag the email into your inbox - that should sort things out :)