For those that are following what 4K is doing, they just announced their beta launch of their marketplace.

https://www.coindesk.com/business/2021/09/29/4k-nft-marketplace-goes-live-bringing-physical-goods-to-the-blockchain/

“ 4K platform, a marketplace that allows users to mint non-fungible tokens (NFTs) representing physical assets, launched on the Ethereum network Wednesday morning.”

Guess it’s time to grab a Rolex or Patek they have listed from my NFT gains 

Anyone else heard of them?

Based off of what I’ve read about them, this is how it works:

1. Send them the item
2. They authenticate, insure, and store the item
3. Issue you an NFT that you can use to buy, sell, or leverage it in defi

Even if you sell it, you have to pay shipping, worry about authentication delays, astronomical fees, and the hassle of insuring a high ticket item.

What you’re saying applies to normal items but definitely not high value collectibles. Every step of the way there’s friction and I haven’t even touched on auction houses.

This is the post they sent me when I asked the same thing: https://medium.com/@richard4k/4k-com-launch-announcement-3ed8b52ffab

I don’t think the NFT craze is over just yet IMO. I like what 4K is going just for the fact that they’re taking valuable products and issue if nfts for them. They also mentioned that they’re launching a marketplace so I’m curious how that’ll stack up against places like eBay and stockx where the fees are high, fraud is rampant, and the crazy delays with escrowed items.

I like that they have an authentication process which helps with all of the issues other marketplaces struggle with. Minting nfts only makes sense because selling a high ticket item will be much easier because you usually have to involve at least like 2-3 middlemen.

I think the list is further reaching than this. I went back to my hometown and was really interested to see restaurants and coffee shops accepting btc

There are a lot of valuable points that have been brought up especially in regards to how do you educate new crypto users about which wallet is more reputable than the lesser known ones. Do wallets work with companies like Ciphertrace? I know exchanges do but it would be good to see wallets have compliance as well.

that's an interesting way to look at it. I mean I wouldn't say all devs are terrible. Some just like to build things to build. I feel like some projects have just been one offs to test something

We are starting to see more blockchain focused cybersecurity startups pop up. The biggest and most established being Ciphertrace, Elliptic and Chainalysis but even small ones are popping up around the world.


https://cointelegraph.com/news/israeli-startup-that-allows-offline-crypto-transactions-secures-4m

I will be interested to see if exchanges choose to implement Ciphertrace's TRISA or choose to delist coins like OkEx did

I agree. There is a lot of unregulated and chaotic stuff happening in regards to crypto and where money is going. I think that companies like ciphertrace are really helping the current state imho

I think to some extent this is just an extension of KYC right? Their technology will only be flagged for movements greater than 3k

I know in the states it's Washington state because I had a friend who used to own a mining operation there

CipherTrace recently published their AML report as well with a pretty alarming number https://ciphertrace.com/q2-2019-cryptocurrency-anti-money-laundering-report/

approximately $4.26 billion in aggregate for 2019

Our World which aims to build a virtual, free gaming world, where players can bother enjoy mutual interaction and PK. With five games already in commission OWD olans to issue some OWD Tokens through SCO by staking NULS.


This is a pretty cool interview to learn both about OWD games and why staking is involved

https://medium.com/@nuls/ama-transcript-reaper-ran-and-sco-lab-interviews-upcoming-sco-owd-4b5a588fd6ff

I am impressed with all of the people who are involved in crypto. From those who developed it, hackers, the trackers aka Ciphertrace and even the criminals. All are very intelligent people working on some pretty hefty technology. It will be interesting when they find middle ground but there will always be the yin to the yang

I definitely think it has potential for freelancers especially those who even want to work in blockchain. There are so many opportunities in the space and once cryptocurrencies can be used for payment without the volitility then this would be great for freelancers all over the world.

I hold NULS. Worth looking into

I think the coins that are offering something unique to the ecosystem are the ones that will be seen profitable overtime. NULS has been on the market for a while and with each version of their upgrade they've been impressing me. Their recent announcement of a new staking model will be one to watch.

Interesting question you posed and would really like to know the alternatives you possibly had in mind

I am staking. A few different coins actually ATOM, Nuls, Algorand and a few others. I really like using this website: https://stakingrewards.com/

I know a lot of exchanges are working with ciphertrace for AML. Does that mean Fireblocks requires KYC?