This week in The Flippening, TL;DR

• The data farming monopoly of Google-Amazon-Apple is now being challenged by Blockchain.

• Yet another partnership for Polygon in the form of NFT marketplace, Magic Eden.

• JP Morgan wants a share of the crypto pie.

🔊 Top Highlights of the Week

Blockchain: keeping private data actually private

Data is king! Tech giants like Google, Meta (formerly Facebook), Apple, Amazon, and Microsoft have held a monopoly on user data and created empires over the years. But blockchain could be posing a significant challenge in the near future. Blockchain democratizes data by allowing users to monetize the devices they own and developers to build DApps that achieve the same purpose.

Our takeaway: Big Tech players had gotten complacent with no real competition for a long time. As blockchain enthusiasts, we couldn’t be more excited for the future. Power to the people!

Yet another win for Polygon

After Instagram, Disney, and Starbucks, Polygon secures another partnership with Magic Eden, the NFT marketplace, in an effort to dive deeper into blockchain gaming and NFTs. With this expansion, Magic Eden now has access to Polygon, an ecosystem that houses over 37,000 dApps and has processed around 1.8 billion transactions in its lifetime.

Our takeaway: This seems like a masterstroke at this point. Magic Eden gets a larger audience to impress, and it might not be limited to just blockchain enthusiasts. And Polygon has a chance to grow its revenues. A win-win for both! Widespread adoption is the goal, after all, and this seems like a step in the right direction.

JP Morgan wallet is here

America’s largest bank, JP Morgan, has now officially registered a trademark for ‘J.P. Morgan Wallet.’ The legacy bank is now positioned to offer crypto services to its existing customers. These services would include crypto payment processing and virtual checking accounts, among others.

Our takeaway: One of, if not the biggest, banks in the world has just taken a massive leap toward crypto. This should do the virtual asset’s image a world of good. And, of course, this will bring crypto closer to mainstream finance. There’s a lot of room for investors in crypto world. Keep ‘em coming!

Other Highlights 🔊:

• Cathie Woods of Ark Invest makes another $1.5 million investment in the Grayscale Bitcoin Trust. Now that the assets are trading at a discount, this is a true example of dollar-cost averaging!

• Binance adds another $1 billion to the recovery of the crypto industry. The community's kept its faith, and it has been repaid.

• Mattel's launches its NFT marketplace. Hot Wheels is heating up the race for top spot.

• Crypto loans booming in Latin America. Solace in a time of inflation.

This was an interesting week for the crypto spectrum. Although the top cryptos witnessed a minor selloff, some of the top altcoins witnessed significant green moves.

Most of the top sectors seem to have saved their places in line.

Crypto question of the week

This cryptocurrency was initially developed by the Telegram Foundation in 2018 but was later abandoned. The development started again in 2020. Now it ranks within the top 30 cryptos by market cap. Identify the cryptocurrency.

Coin of the week 💸

Ripple: $XRP

We have witnessed rising volumes in Ripple over the past few days. Considering the strides that it has made over the past few months, things are looking bright for this alt. Moreover, XRP has managed to do well despite its tussle with the SEC. All these instances and fundamentals place XRP as our coin of the week.

Featured- Mudrex Coin Sets

Although the crypto market is yet to fully recover, we saw the markets stabilizing after the volatility over the past few weeks. This stability is a good sign. The bear market that we have seen so far has wiped out the bad actors from the market and continues to do so. This is necessary for crypto as an asset class, giving it ample space to grow.

Now that the different sectors have corrected, it is a great opportunity to pick value at a fair price. Decentralized finance is gaining a lot of importance, and doing dollar-cost averaging in this sector can be a fruitful decision now.

DeFi 10: This Coin Set by Mudrex invests in well-diversified tokens in the Decentralized Finance sector.

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Answer- Crypto question of the week: Toncoin

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