🔥 🇮🇳 Bullet Raja Rides into Web3

GM and Namaskar,

Welcome to Switch Daily. 👋

Suuuppp? Monday blues killing vibes? Well, shake it out like this chick👇🏽 coz we’re here with some mazaa take on what’s happening in Web3.

What are we talking about today?

• Market pulse

• Royal Enfield launches NFTs

• Piping hot news

• Meme of the day

Market pulse 📈

The market’s throwing Antartica vibes 🥶

The week starts with the broader crypto market in the red. Recession worries, a feeble equity space (Global and Indian), and the US Fed’s aggressive narrative continue to act as mood spoilers, pushing the market down by 0.74% at the time of writing.

Top cryptos in BTC and ETH are trading flat at the moment, gaining over half a percent each over the past hour or so. Most weekly losses have been erased, and it would be interesting to see what the stalwarts have in store for the investors. It is important to note that BTC volume moving into the exchanges is at a 112-day low, as of 24 September 2022. Fewer cryptos moving into the exchanges means less selling pressure. Still, keep your fingers crossed.

💥🛞Art of Motorcycling 🛞💥

Vroom Vroom Vroooooom! 🏍️

Hear that? That’s India’s favorite motorbike vrooming its way into the Web3 space.

Yep, Royal Enfield just announced its NFT launch — #ArtofMotorcyclingXNFT 😵.

Here’s where it all started:

Way back in 2020 (okay, disclaimer, this isn’t an NFT surge story, it's just a background story), Royal Enfield came up with an initiative called the Art of Motorcycling program to fuel the creativity of artists, creators and motorbike enthusiasts. More like a community initiative. They rounded off the second season with more than 15,000 entries this year.

You get where we are going with this, right? Right!

So, a grand jury of designers nitpicked ten winning designs created under the theme of Motorcycling by ten artists. Royal Enfield is now converting these designs from seasons one and two of the program into NFTs on an Ethereum-based platform. They’ve priced each NFT at ₹15,000 and will be live on 3 Oct. It looks like these proceeds will be given to the winning artists for their efforts. They’ve even created a terrific landing page to showcase their art. Much wow!

Royal Enfield isn’t the first bike to offer NFTs, some global brands have entered the space already. For instance, in July this year, Ducati partnered with Ripple to offer NFT collectibles for motorbike enthusiasts. But sure, this is a first for an Indian bike, so yayy.

Psst… If you are an Enfield enthu cutlet and have put off buying one coz it’s too expensive; you can always buy a couple of these NFTs and flaunt owning an exclusive Royal Enfield collection.😜😜 (Again, just a suggestion, not investment advice)

What else is happening? 💁‍♀️

🎈Solana to help Helium rise further

Helium, a decentralized Internet of Things (IoT) network, will now be ditching its own HIP 70 blockchain to move to Solana. The migration will help Helium improve scalability, interoperability, and transaction speeds. Read more.

💰DeFi bug bounty platform gets funding boost

Immunefi, a reputed decentralized finance (DeFi) platform for handling bug bounties, has raised a Series A funding figure of $24 million. Framework Ventures led the round, followed by the likes of Polygon Ventures, Third Prime Ventures, Samsung Next, and other prominent names in the space. Read more.

🥳Vasil upgrade is live on the mainnet

Following a successful hard fork, Cardano’s Vasil upgrade has now been completed and is on the mainnet. The process was concluded on 23 September 2022, at 3.14 am IST. Read more.

🅾️Opera browser adds support for Elrond

Opera, a Web 3.0 browser company, is now integrating with Elrond, a high-throughput blockchain. While moving from another ecosystem, Opera users can now access Elrond’s scalable network, applications, and other offerings. Read more.

Memewhile…

Well, that's a wrap for today!

See you tomorrow! 👋🏽

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