Sam Blumenthal
@samblumenthal
Sam Blumenthal
JPMorgan Chase & Co.
jpmorganchase.com
Many DeFi advocates anticipate a future world of peer-to-peer uncollateralized lending on blockchains, allowing crypto holders to lend and cut out fees charged by banks for credit scoring, monitoring and payment. Good luck with that. Fintech lending holds some clues since the industry uses AI tools to make uncollateralized lending decisions, and... See more
JP Morgan • The Maltese Falcoin | J.P. Morgan Private Bank
NFTs clearly belong in that tradition. They are digital social objects. Except they are a lot wilder. They don’t live within particular platforms or walled gardens, and aren’t attached to a particular company’s technology or even a specific open standard.
Venkatesh Rao • Magic Beans - by Venkatesh Rao - Ribbonfarm Studio
Circle: The all-in-one community platform for creators and brands
circle.so
The core of the Pinduoduo experience is team purchase, where buyers form a group in order to receive discounts from suppliers. The user experience, as laid out in the graphic below, is as follows: (1) for each item, merchants decide two prices – one for individual purchase and one for team purchase. If the user opts for a team purchase, he or she... See more
Anu Hariharan • Pinduoduo and The Rise of Social E-Commerce
The Chinese couple, based in New York City, was asked to showcase via Taobao Live a $43 million townhouse on the Upper East Side. They had more than 110,000 people tune in to their first livestreaming event, where they strolled the multilevel building and pointed to key features and tested amenities. Afterward, they received 43 inquires from... See more
CNBC • Singles Day sales to get tremendous lift from livestream events, as U.S. retailers play catch-up
Bitcoin is currently not a medium of exchange other than in a few niche cases. The declining number of Bitcoin transactions per day and the spikes in execution costs bear no resemblance to any functioning fiat currency. As a result, a Bitcoin valuation thesis based on it being used as a medium of exchange makes little sense, at least as Bitcoin... See more
JP Morgan • The Maltese Falcoin | J.P. Morgan Private Bank
The backdrop for Tophatter’s new approach is gaming’s overall rise in the U.S., which has pushed retailers and brands to experiment with gaming-adjacent platforms like Twitch. (Twitch has nearly tripled the number of monthly broadcasts it has hosted since 2019, bringing it up to 9.7 million monthly streams today.) In-game transactions, called... See more