2023-08-17

🚨 Gamer Beware: Axie Infinity Alert!

August 17, 2023

Howdy folks,Why did the crypto investor go to the zoo?

To see the Bull run! 🤣🤣

👀 Axie Infinity Under Scrutiny
🚌 Satoshi Classroom Lessons
⏹️ Unmovable Grimace Tokens

👮 Philippine Police Warn Against Axie Infinity's Play-to-Earn Model

For gamers, diving into the virtual world of Axie Infinity might feel like hunting for digital gold in a Pokemon-inspired universe.

But for the Philippine National Police Anti-Cybercrime Group (PNP ACG), it’s more akin to fishing in murky waters, loaded with potential pitfalls. 🕳️Warning players about the crypto game's play-to-earn scheme, the PNP ACG says it's riskier than traditional cryptocurrency investments.Think of it like being handed a fishing rod, but you've got to buy the bait, which in Axie's world means purchasing three characters for $300 before players can start 'earning.'Digital risks amplify these concerns, such as sending tokens to unsupported wallets and marketplace vulnerabilities.Aspiring gamers are reminded: just because the water looks clear doesn’t mean there aren't unseen threats lurking below.All that glitters is not gold(fish)!

🧑‍🏫 El Salvador’s Youth Get Schooled on Bitcoin

Imagine being twelve, sitting in a classroom, and instead of algebra or history, you're taught about Bitcoin!

Roman Martínez, Bitcoin Beach’s community leader, champions the mission, likening Bitcoin education to planting financial seeds for a more prosperous future.I like this...much more useful to the next generation than understanding what the hypotenuse is! 🥸Every Friday, Bitcoin Beach runs programs guiding Salvadoran students in setting up Bitcoin wallets and understanding the core of a modern digital economy.

Many students were initially skeptical, believing Bitcoin to be a convoluted enigma reserved for economists.However, many have found it useful, surprisingly easy, and engaging once they gave it a shot.With around 70% of El Salvadorians unbanked, these lessons could change the financial tide for the next generation. 🌊After all, as Martínez sees it, knowledge of English, computer skills, marketing, and Bitcoin opens global doors.And these doors will lead to a future where borders don't confine potential.

🍔 McDonald’s Releases "Untradeable" Grimace NFTs

Remember when Happy Meals came with plastic toys? Now, in the digital age, McDonald’s in Singapore is making smiles broader by tossing Grimace - the purple mascot - into the realm of Non-Fungible Tokens (NFTs).

But there's a twist: these tokens are like super glue once they land - they can't be moved.Starting August 21, McDonald's is serving up 2,000 uniquely designed Grimace NFTs.These tokens, however, are "soulbound," meaning once minted, they're forever stuck in the recipient's digital wallet with no chance of being traded or sold.Surely the point of collectibles is the trading element? 🤦

Co-created with Bandwagon Labs and artist The Hidden Walls, the NFTs promise "future exclusive treats."Participation is fairly simple; a sprinkle of MetaMask magic, a dash of Web3Auth, and voila, a Grimace NFT.But, it's more than just a digital token - it's a new way for brands like McDonald’s to cook up innovative connections with their audience.Like eating a McDonald's; it might seem like a good idea at the time...it's only after that you feel a bit like you could have made better choices. 🤢