💯 Dorsey goes all-in on crypto

[View in Browser]( [Gif Ledger Bites]( 03/12/2021 China wants to regulate the Metaverse, “Wear-to-earn” could be the next big thing, Twitter’s CEO and Meta’s crypto chief resign...Your weekly Biiiiiites brought to you by Milan from Ledger. Were those Biiiiiites sent to you by a friend ? [Subscribe here]( 🖼️ NFT Alert! Mike Shinoda of Linkin Park drops his first-ever ZIGGURATS generative mixtape on Tezos as 5,000 NFTs. We’re fans. Are you? [Learn more](. [Infos I should already know about] [1Inch]( [Metaverse]( Crypto assets can be managed on your Ledger Live! [Go check now →]( [Infos I should already know about] [Thailand wants to attract crypto millionaires.]( The Governor of the Tourism Authority of Thailand said that the country was working with the nation’s regulators and a local crypto exchange to accept digital tokens for travel. “There are people who have become wealthy from holding digital currencies and they may want to use their wealth,” he said. A good strategy? [China’s crypto crackdown expands into the Metaverse & NFTs.]( At a conference, Gou Wenjun, director of the Anti-Money Laundering (AML) unit at the PBoC, pointed to the risks associated with leaving these two new trends unregulated and suggested clarifying the supervision. Who said the Metaverse had to be free? [Crypto Data provider DappRadar to launch its own token.]( This new crypto will be called “radar”, and aims to decentralize its operations. The firm also announced its repositioning to a full-scale Dapp store. Defending [Dapp stores]( DappRadar said “App stores are centralized, hosted and curated, the gatekeeper demands a commission of up to 30% of the revenue.” [“Wear-to-earn”, the next big thing?]( Megan Kaspar, MD at Magnetic Capital, believes it will be the largest category in the luxury industry. “Brands will compensate customers for wearing pieces by giving them access to exclusive items or airdropping fashion pieces to their virtual wallets, or by paying them in the form of a fungible token.” [Meta’s Crypto Chief leaves the company.]( Facebook’s Diem co-founder, David Marcus, is being replaced by Novi’s VP of Product. “My entrepreneurial DNA has been nudging me for too many mornings in a row to continue ignoring it," he said. [Thai crypto unicorn wants to become “The Coinbase of Southeast Asia”]( In less than 4 years, the Bangkok-based Bitkup Online Co. reached a valuation of more than $1 billion. The CEO, Jirayut Srupsrisopa, said the strategy was “to expand in countries that have no clear winners yet and are under-banked, with high social media usage and the potential to use crypto for remittances.” A feasible bet? Wanna share our Biiiiiites with a friend ? [Send →]( [Insight of the week] Dorsey Resigns. And goes all-in on crypto? Become your true self. [BTC Illustration] One of the world’s most famous CEOs just dropped his job… But what for? Are we about to see one of the world’s greatest tech influencers fully join the Bitcoin club? Behind the resignation According to [CNBC]( Twitter stakeholder Elliott Management was concerned by Dorsey’s ability to run two companies simultaneously and tried to replace him last year. But an agreement was eventually reached to have Dorsey continue. Now, Twitter’s ex-CEO said he decided to leave his company because it “needed more than a part-time chief.” Yet, this surely isn’t the sole reason why Jack Dorsey dropped. His key motivation is to make Square - the fintech company he co-founded - more adapted to the world of Web3. As a matter of fact, his mind has been away for a while, as he recently has spoken about bitcoin & blockchain more than anything else. Back in October, he said Square would [create]( a Bitcoin mining system and build its own hardware wallet “[to make bitcoin custody more mainstream]( More recently, he released a [whitepaper]( on “tbDEX”, a crypto decentralized exchange to make “crypto asset and DeFi more accessible to everyone.” To put it briefly, the reason why he resigned can be summarized in one word: Bitcoin. Bitcoin, Bitcoin, Bitcoin… Just two days after Dorsey resigned, Square rebranded into [“Block,”]( while Square Crypto - a wing of the company that fosters Bitcoin use cases - was renamed “Spiral,” reflecting his crypto endeavors. His intentions are clear: making Bitcoin “the planet’s preferred currency.” Dorsey has solid Bitcoin convictions, and he now seems ready to put them into practice. He sees it as “a foundational internet technology that is not controlled or influenced by any single individual or entity”. And his vision goes beyond just the [western world]( “I met a woman in Ethiopia who wanted to create a Lyft equivalent (...). Bitcoin would help her build her business in a much faster way.” With Dorsey’s move, the crypto world gains one of the world’s most influential tech ambassadors. And the Bitcoin space is far from overinvested. Tom Lee, head of research at Fundstrat Global Advisors, [told]( CNBC that “there isn’t enough capital actually allocated toward crypto innovation, so it takes people like Jack Dorsey to really marshal focus.” Digital revolutions need prominent people to succeed. And Dorsey might just be one of them. [I wanna know more] What exactly is a Decentralized Exchange? [Read]( our Ledger Academy article to know everything about this topic. Eager for a deep dive into Bitcoin? [Watch]( our School of Block episode, and learn how the future of money might look like. [Inside Ledger] Say hello to our Nano swivels pack… And [join our contest]( to get your own! Our Web3 conference of the year, Ledger Op3n, is coming on December 9th and 10th. Check our line-up and agenda right [here]( Bitrefill joins our growing family of partners available in [Ledger Live]( allowing you to easily convert your BTC and ETH into vouchers, gift cards and mobile refills. Xmas is near, so [click here]( to start the Bitrefill experience. [Images of the week] Patience is a virtue. [Image of the week] Source: [@cryptomemes]( How did you like our newsletter this week? [😍I buy!]( [😐I hodl!]( [😭I sell!]( [unsubscribe]( [Ledger]( Follow us on: [Ledger YouTube]( [Ledger Twitter]( [Ledger Instagram]( [Ledger Facebook]( [Ledger TikTok]( & listen to our podcast [here](. This email was sent to you because you signed up at Ledger.com or purchased a Ledger product. We respect your right to privacy. Read our [Privacy Policy]( and [Cookie Policy](. © Ledger SAS 2020. All rights reserved. Ledger brands are registered trademarks of Ledger SAS. Ledger SAS, 1 rue du Mail, 75002 Paris