This week's bite-sized news 🥟

Open for bite-sized content

May 18, 2023

GM Baos,

Today we will be covering everything that's been hiding in my Twitter bookmarks for the past few days.

This week's bite-sized news 🥟

Ledger Recover backlash

Crypto twitter is freaking out with concerns over Ledger's new feature Ledger Recover. This ID- based recovery service will backup your private key for $9.99 a month. After providing your passport or ID card, Ledger Recover splits the private key into three fragments, sharing each with a different third party.

Why is most of the community concerned? There are worries about Ledger potentially extracting private keys, governments requesting private keys from third parties, third parties going rogue, and how this goes against the fundamentals of crypto.

In the past 48 hours, Ledger has addressed the top questions raised by the community. They have emphasized that this is not a backdoor and that the update is 100% opt-in. Recovering your secret phrase will not be as simple as someone stealing your ID.

Solana co-founder Anatoly Yakovenko isn't worried about Ledger's update. He says, "if you trusted them before not to exfiltrate your keys, you can trust them now not to do it when that feature is off."

What are your thoughts on the recent Ledger news? 🧐

Boss Beauties x Barbie

Boss Beauties and Barbie have joined forces to bring more women into the Web3 space 💖

The You Can Be Anything collection celebrates Barbie's 250+ careers and will be priced at $25 per pack. Together, they hope inspire women and girls to reach their limitless potential.

"As Barbie continues her journey in the metaverse, we are proud to partner with Boss Beauties to empower women and collectors to explore Web3 through our virtual collection" — Lisa McKnight, Mattel Global Head of Barbie and Doll

Bitcoin Ordinals on Binance

It was announced that starting towards the end of May, Bitcoin Ordinals will be supported on Binance's NFT marketplace. Currently, Binance NFT supports BNB Chain, ETH and Polygon.

Binance also put out an open call for Bitcoin NFT projects. In a blog post, they mentioned that they are "actively seeking collaboration with quality NFT projects" with the intention of supporting the Bitcoin Ordinals ecosystem.

Fast & Furious NFT collection

In perfect timing with the release of the Fast X movie, Mattel is launching the Hot Wheels NFT Garage series. This series will feature cars from the Fast & Furious franchise and will be minted on the Flow blockchain.

Included in the series are Dominic Toretto's 1970 Dodge Charger, Brian O'Conner's 1969 Camero, and Suki's Honda S2000 🤩

Axie Infinity on Apple's App Store

Axie Infinity's card-based strategy game Axie Infinity: Origins is launching on IOS in select countries 👀

The game is now available for download in any of the following eight countries: Argentina, Colombia, Peru, Mexico, Venezuela, Indonesia, Malaysia, and Vietnam.

Made us Kek

💙

–Cassidy