Last week we brought you some exciting Zash related news and we’re going to have more soon…So, make sure you’re ready when we drop it!
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Creator of the Week 🧠
This week we have the founder of This Girl Talks Money Ellie Austin-Williams.
Her platform & community works to make money talk mainstream and help Gen Z & millennials make the most of their money. Ellie is a certified financial coach and aims to provide more interesting financial news, as opposed to the boring old stuff written by middle-aged men in suits!
What do you generally like to invest in?
Mostly global ETFs, and industries I understand well and feel confident investing in.
How would you describe your investing style?
Hands off for the most part - by that, I mean I set up my investments so that they can run on autopilot in the background whilst I focus on building my business! I invest for the long term and so I don't spend much time on a regular basis focused on my investments. I've held most of my investments for at least a year, if not longer, and my current financial priorities mean that right now, it makes sense to continue with a hands off approach.
What industry/ Company’s future are you excited by and why?
I'm hugely excited by the growth in the financial education and wellbeing space. We've seen the fintech revolution and the democratisation of retail investing begin, but there is a whole tonne of opportunity for new entrants into the financial wellbeing industry and we're starting to see these companies emerge. Whilst fintech has made many aspects of managing money and growing your wealth easier, there's still a huge gap in financial knowledge for millions of potential fintech customers and I am surprised that the education space is still so wide open. But things are moving quickly and I anticipate the education and wellbeing spaces will accelerate quickly in the next 12 months or so.
Zash Learn 🤓
Last week we mentioned Lionel Messi’s departure from Barcelona. Over they weekend they successfully started life without the greatest footballer of all time while he was unveiled to a rip roaring crowd in Paris.
One thing we didn't mention is how Messi’s astronomical contract will be partly paid in cryptocurrency, well PSG fan tokens. So, this week we’re exploring at fan tokens.
Fan tokens are a type of cryptocurrency that enable holders to vote on decisions (usually minor) related to their clubs. Tokens are increasingly seen by clubs as a revenue stream. Socios provide the tokens for PSG and some of Europes top football teams, according to them tokens have generated nearly $200 million for their partner clubs in 2021 alone.
Similar to Bitcoin and other cryptocurrencies, fan tokens can be traded on exchanges - check out an in-depth analysis of PSG’s fan token on Binance. While their price swings can be similarly volatile the factors impacting the price movement of tokens can be somewhat more tangible than standard cryptocurrencies. For example, on August 10th (when Messi agreed his deal with PSG) their token price jumped to almost $50, up from $22 several days earlier.
This movement makes sense (as much as crypto can make sense) and the advent of fan tokens might introduce more investors to crypto, especially those that prefer when correlation does imply causality.
Not to mention, fans can feel like they’re involved in the clubs decision making process. Take PSG for instance, they allowed token holders to vote on the message displayed on the captains armband!
Reading of the Week 💡
The Poly Network helps to facilitate crypto transfers between different cryptocurrency blockchains. The cross chain network was attacked last Tuesday, resulting in roughly $600 million in crypto being stolen.Important Notice: We are sorry to announce that was attacked on and Assets had been transferred to hacker's following addresses: ETH: 0xC8a65Fadf0e0dDAf421F28FEAb69Bf6E2E589963 BSC: 0x0D6e286A7cfD25E0c01fEe9756765D8033B32C71
However, the hackers seem to have a heart as they’ve begun to return some of the stolen money, giving back more than $300 million so far!
Maybe this worked after all? Whats more, the cross chain network has now offered the hacker a job…as chief of security no less!
Tech News 🖥️
Reddit is now valued at more than $10 billion…after raising an additional $410 million in funding and as they gear up to go public they made the announcement. Reddit have a way to go yet though as they have to clean up some of the content across their platform before floating.
Some news close to home for Zash, it turns out that Turkey has become a star of European tech! Of course we knew this as our CTO and Full Stack Engineers are heading up our tech efforts from Turkey 💪 🇹🇷
Stock Market 📈
Stocks retraced slightly today after record highs last week, the S&P 500 flew up to double its lowest point during the pandemic, as growing concern amid further speculation of lockdowns.
Crypto Market ₿
Charles Hoskinson’s Ada returned to an All-Time-Highs above $2 after news of their smart contract upgrade buoyed investors, with bearish sentiment absent for now.
TikTok has partners with Audius, a music streaming platform based on the Ethereum and Solana blockchains. They’ll be partnering on the video sharing apps new TikTok sounds library.
Food for thought ⛏️ 🔄 🔋
A Californian developer, who is backed by Bill Gates and Jeff Bezos, has invested £100 million into three business near Newcastle. Turntide Technologies investment brings with it the possibility of thousands of new skilled jobs.
That’s all for now and we’ll see you next week,
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