Majority of NFT-related Transaction ?? Comes From Retail Buyers

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Majority of NFT-related Transaction ?? Comes From Retail Buyers

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A new report by Chainalysis shows that more than 80% of all non-fungible token (NFT) transactions were worth less than $10,000 in 2021, which are categorized as “retail.”

The report titled “The 2021 NFT Market Explained” further showed that more substantial transactions (collector-sized) increased from 6% in March to 19% in October. In addition, less than 1 percent of all the transactions were institutional-sized. But these transactions accounted for 26% of the real trading volume during the period.

According to Chainalysis, a collector-sized transaction is worth between $10,000 and $100,000, whereas an institutional-sized transaction is worth more than $100,000.

The report revealed that institutions and collectors accounted for the major share of NFT transfer volume denominated in USD since March.

Moreover, retail transfers came to 11% of the volume and collector-sized transactions made up 63% of the volume for the time period studied.

Overall, the study shows that the NFT market is far more retail-driven than the traditional cryptocurrency market, where retail transactions make up a negligible share of all transaction volume.

Samsung’s Mobile ? and Consumer Electronics ? Divisions Merged Together 

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Samsung Electronics has merged its mobile business with its consumer electronics division in a major restructuring. In addition to merging its business division, the company has also replaced all of its CEOs.

Samsung has named Jong-Hee Han, the head of its TV business, as Vice-Chairman and co-CEO of the newly merged mobile and consumer electronics divisions.

Samsung President Kyehyun Kyung has also been named co-CEO and will now lead its chip and components division.

Although the mobile business of Samsung generated the biggest revenue for Samsung in the third quarter of 2021, its chip business also generated substantial revenue due to increased demand for server DRAMs and for computers in general during the pandemic.

Samsung is aiming to become the number 1 chip contract manufacturer within the next decade and has invested billions of dollars into the business.

With this restructuring, Samsung aims to streamline its business structure and aims to strengthen its business competitiveness.

Toyota Plans a New Electric Vehicle Battery Plant ? in North Carolina

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Toyota Motors has announced that it will build a new $1.29 billion battery plant for electrified vehicles in North Carolina, United States.

This announcement comes a few months after the Japanese automaker had earlier announced in October that it will build an electric battery manufacturing facility in the United States, a key component of the company’s plans to make 70% of its cars electric by the end of the decade.

With this new manufacturing plant, Toyota expects to be capable of producing enough lithium-ion batteries for 200,000 all-electric and plug-in hybrid electric vehicles when production is scheduled to begin in 2025. The company further plans to expand its battery production up to 1.2 million vehicles per year.

The electric battery manufacturing plant in North Carolina is expected to create 1,750 jobs in the state, and the investment in the facility is scheduled through 2031.

While Toyota has been slow to invest in all-electric vehicles, its move to invest in EV battery components will reduce its costs and lower the risks of supply chain disruptions.

Survey Shows Huge Spike ⬆️ in Number of Australians Who Own Crypto

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According to a recent survey conducted by the Independent Reserve’s Cryptocurrency Index (IRCI), the percentage of Australians who own or have owned crypto has reached 28.8% in 2021, up from 18.4% in 2020.

The 2021 IRCI survey results showed that the growth in the crypto sector is being driven by the positive experience of those who own crypto. The survey of more than 2,000 participants showed that 89% of those surveyed said they have made money or broken even, up from 78% in 2020.

Further, the results of the survey revealed that 28.6% of participants who don’t currently own crypto said they would invest if there were better consumer protections in place, while another 26.6% said they’d buy crypto if industry regulation was improved.

Moreover, the research also showed that Bitcoin is the most well-known and popular cryptocurrency, with 89.1% of Australians surveyed saying they’ve heard of it and 21.1% owning Bitcoin.

The second most popular crypto asset among the Australians surveyed is Ethereum, at 11% reported ownership, up from just 5% in 2020.

Around the Web

Australian Women Owning Crypto Has Surged in 2021: According to the IRCI survey of 2,000 Australians, the number of women who currently or have previously invested in crypto has increased to 20% in 2021 from 10.3% in 2020. The survey also showed that the percentage of female Bitcoin owners also rose from 8.3% to 14.8%.

Jeff Bezos Gives $443 Million to Climate Groups in Earth Fund Push: The Bezos Earth Fund has announced that it has awarded 44 grants amounting to $443 million to organizations focused on climate justice, nature conservation, and restoration, and tracking critical climate goals.


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