Welcome to another issue of my obsessively curated field notes.
Microsoft is building a crypto wallet into its Edge browser. Pretty soon, every browser will ship with a pre-installed wallet. The distinction between an "account" and a "wallet" will increasingly blur. Link
DeGods, one of the most popular NFT communities, launched its Bitcoin ordinals collection. After Yuga Labs, another big name has now entered “Bitcoin NFTs”, giving the already popular ordinals another boost in credibility. Link
President’s Biden annual economic report to Congress argues crypto has “no fundamental value.” Key passage: “although the underlying technologies are a clever solution for the problem of how to execute transactions without a trusted authority, crypto assets currently do not offer widespread economic benefits. They are largely speculative investment vehicles and are not an effective alternative to fiat currency. Also, they are too risky at present to function as payment instruments or to expand financial inclusion.” This is another in a series of attacks on crypto in the US. I wrote a longer piece on it here. Link to report
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First impressions from Paris Blockchain Week:
