BitWell Research Daily News (2022/7/29)

According to Twitter on July 28, Web3.0 platform BitWell will promote the holding of the Metaverse Music Festival of the well-known project RadioCaca through infrastructure, marketing and other means. Well-known Japanese singers Aya Uchida, Megumi Nitta, Anna Suzuki, etc. will participate in the performance. Following BitWell’s official Twitter will have a chance to get tickets.

On July 29th, BitWell’s official market data showed that BTC exceeded $24,000, a 24-hour increase of 10.32%, and ETH exceeded $1,700, a 24-hour increase of 15.77%.

On July 29, according to U.today, Ripple released a report for the second quarter of 2022. The report showed that Ripple sold $408 million worth of XRP tokens in the quarter, an increase of 49% compared to the previous quarter. Total sales accounted for 0.47% of global XRP trading volume. Ripple attributed the increase in sales to the growing popularity of its “ODL” products. Its “ODL” product volume increased 9 times year-on-year.

On July 29th, Ethereum co-founder Vitalik Buterin tweeted his views on DAO (Decentralized Autonomous Organization). He believes that DAOs that issue transferable governance tokens and DAO itself are inherently contradictory. Transferable governance tokens are all about giving “more” power to “those who want to rule the most.”

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