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How Crypto Professionals Are Staying Sane During Quarantine (Video)

Days of lockdown have turned into weeks. Here's how crypto is handling the COVID-19 crisis from home.

Updated Sep 14, 2021, 8:31 a.m. Published Apr 20, 2020, 8:20 p.m.
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COVID-19 has changed the way we live and work. Home offices resound with the digital din of online video conferencing apps and Slack notifications as people learn how to set boundaries around their working days.

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While many firms working on decentralized tech and financial products were already riding the work-from-home bandwagon, ordinances have put the pin in conferences, cut traveling and are straining internet connections. Plus, there's no office banter.

"It’s in these times that you recognize that human links are very important," said Hugo Renaudin, CEO of crypto exchange LGO. It would seem counter-intuitive that in an age of bottomless inboxes and non-stop Zoom conferences, what people miss most is interpersonal communication. But, duh.

CoinDesk spoke to a number of technologists and executives, based from Guadelajara, Mexico, to the land of Oz, to get a sense of how people are adapting to the new normal.

See also: Remote Working Proves Unexpected Hero as Half of US Economy Shifts to Home Offices

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Pudgy Penguins: A New Blueprint for Tokenized Culture

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Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

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Here's why Fed contender Kevin Warsh is seen as bearish for bitcoin

BTC drops as Kevin Warsh emerges as contender for the Fed job.

BTC fell deeper to nearly $81,000 late Thursday as Warsh's odds surged in betting markets.

What to know:

  • President Donald Trump is expected to soon announce a successor to Federal Reserve Chair Jerome Powell, with former Fed Governor Kevin Warsh emerging as a leading contender.
  • Warsh's record of prioritizing inflation risks during the global financial crisis and his bias for monetary discipline has spooked analysts and markets.
  • BTC fell deeper to nearly $81,000 late Thursday as Warsh's odds surged in betting markets.