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👀 NFTs are coming to the Apple Store 😲

Apple is incorporating NFTs into their apple store purchases. This is huge news, yet, tons of crypto games oppose this update...

Good Morning. Welcome to The Seek, the place that makes sure you don't miss the next crypto bull run. This week has been a doozy, let's get on into it 😮.

Here is what to expect today:

  • NFTs x Apple Store

  • XRP Lawsuit Coming to an End

  • Oil Rigs are Becoming the New Crypto Miners

  • Important Dates for the Week

  • The Weekly Meme :)

NFTs x Apple Store

It's about time I hear some good news in the NFT space 😲. Apple is allowing crypto games to sell NFTs as in-game purchases.

 Many NFT mobile games were breaking the Apple guidelines before this. They would send users to their website where they would be able to buy an NFT and in-game assets.

Apple didn't like that they weren't getting a piece of that pie $$, no surprise.

Now don't be grinning from ear to ear. Many NFT-based games don't like this update. The main reason: Apple Fees. Apple takes a 30% cut from all in-game purchases. This may hurt the crypto gaming sector.

Epic Games CEO, Tim Swaney shared his thoughts on the matter in a tweet 👇

XRP LAWSUIT COMING TO AN END

The End may be near! The SEC and Ripple (XRP) have been at it since 2020 debating on if XRP is a security. Some insights hint that it is coming to a decision 👏

What is XRP:

  • Aims to Delete the middleman in transactions for financial institutions

  • Bridges crypto currencies to other assets

  • 6th biggest cryptocurrency by market cap

The XRP vs. SEC final motion to seal by third parties is December 9th and the final date to oppose these motions is December 22nd. In short, this means the Lawsuit will be coming to an end soon.

Upon this news being released, XRP rallied being up 40% in the past week. We can safely say investors like this.

These dates are very important for the crypto space, Keep on the lookout 👀

OIL RIGS ARE BECOMING THE NEW CRYPTO MINERS

As many of us know Bitcoin uses a proof of work model to validate transactions. This has led to many companies using this to their advantage, oil companies in particular.

Crusoe Energy is the head of this operation. They have raised $128 million to turn excess natural gas from energy operations to crypto mining operations.

They're going after the major issue within the oil and gas companies, natural gas flarings. They will be turning the gas wasted in flares into energy. If they were able to capture the energy from every gas flare they would be able to generate enough energy to power Africa.

The energy that will be captured will be sent into bitcoin mining rigs. This will generate money not only for Crusoe but the oil and gas companies, allowing them to profit from their excess emissions.

IMPORTANT DATES FOR THE WEEK

  • 9/28/2022 - FED Chair Powell Speaks

  • 9/30/2022 - Core PCE Index Releases

  • 10/5/2022 - The Seek Newsletter :)

THE WEEKLY MEME

That's it for today folks. Stay tuned till next Wednesday! If you want to ask questions or reach out, respond to this email :)

DISCLAIMER: The Seek does not provide any financial advice. This newsletter is strictly for educational purposes and should not be used to make any financial actions. Please be careful and do your own research.