YouTube Is Exploring web3 and OnlyFans Debuts NFT Profile Pictures in This Week’s Business and Crypto Roundup
While FTX is giving away bitcoin during the Super Bowl.
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Many brands are starting to see a recovery despite the challenges initially brought on by the pandemic. Some businesses, especially ones that focused efforts on expanding e-commerce ventures, have even seen profits rise even higher than before.
HYPEBEAST has rounded up the top business and crypto stories of the week so you can stay in the know about trends across industries.
Business
1. Twitter announced its Q4 earnings
The company’s 2021’s revenue was approximately $5.08 billion USD, marking a 37% increase from 2020. The company had an operating loss of $493 million USD due to a one-time litigation-related net charge, as well as its current investments.
2. YouTube is exploring web3
In a post on the company’s blog, Chief Product Officer Neal Mohan outlined the new products, tools and features coming to the platform in 2022. Without detailing any specific projects in the web3 space, Mohan went on to say that the company recognizes that web3 “opens up new opportunities for creators.”
Can’t forget the metaverse! We’ve been thinking through how to make YouTube even more immersive – especially for gaming. Looking forward to sharing more! (4/6)
— Neal Mohan (@nealmohan) February 10, 2022
3. Google Chrome changed its icon design
The new icon features an even more minimalist design, eliminating shadows for a flatter appearance. The saturation of the colors has been dialed up, and the middle blue circle is noticeably bigger than its predecessor.
4. Twitter is rolling out a downvote button
Twitter’s experimental downvote feature, which the company began testing last year, is now rolling out globally. Downvotes were initially also only available to certain web users but will be expanded to iOS and Android users.
We learned a lot about the types of replies you don’t find relevant and we’re expanding this test –– more of you on web and soon iOS and Android will have the option to use reply downvoting.
Downvotes aren’t public, but they’ll help inform us of the content people want to see. https://t.co/g8LcTpQqDv pic.twitter.com/wm5MmdR4Xh
— Twitter Support (@TwitterSupport) February 3, 2022
5. Instagram is introducing bulk delete features
The new update will make it easier for users to delete past posts, comments likes and other activities. The features are a part of the company’s Safer Internet Day initiatives, which gives users greater control of their content and account.
And of course, with safety and security in mind, now’s also a great time to make sure you’re using our latest tools to manage your information and keep it as secure as you can. More here: https://t.co/64deXuznPy
— Instagram Comms (@InstagramComms) February 8, 2022
Crypto
1. OnlyFans is letting creators display NFTs as profile photos
The company said that it began rolling out the feature in December. Right now, it only supports NFTs minted on the Ethereum blockchain.
2. FTX is giving away bitcoin during the Super Bowl
The size of the bitcoin given away will be dependent on what time the ad will run. To put this into perspective, FTX explains on its website, if the ad runs at 9:02 p.m. EST, FTX would give away 9.02 BTC.
We’re giving some #bitcoin away!
How much? $1 million worth?! $1.5 million worth?!!?! We don’t actually know yet.
The later our Big Game ad airs, the more #bitcoin you can win. See you Sunday! #FTXcontest
No purchase necessary. Subject to T&C: https://t.co/L7o8Jz25TT pic.twitter.com/mfA0q2FIFG
— FTX – Built By Traders, For Traders (@FTX_Official) February 7, 2022
3. Tesla announced that it owns $2 billion USD in bitcoin
Tesla disclosed to the SEC in an annual report that it suffered a $101 million USD loss due to its recent bitcoin investment. However, it does not impact Tesla’s overall financial health, as the company also reported a balance of $2 billion USD in bitcoin.
4. KENZO and Nigo released limited-edition NFTs to celebrate the new Boke Flower collection
In honor of NIGO‘s appointment as KENZO‘s newest artistic director, the French luxury fashion house announced that it is debuting a limited-edition collection of 100 NFTs. The release is tied to the KENZO Boke Flower collection by the Japanese designer.
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5. Binance bought a $200 million USD stake in Forbes
The money will replace half of the $400 million initially raised by institutional investors when Forbes announced its plan to go public via SPAC Magnum Opus. Forbes said that tapping into “the experience, network and resources of the world’s leading crypto exchange and one of the world’s most successful blockchain innovators” would aid its brand in becoming a leader in the digital assets field.
