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🌐 GoDaddy For Web3
GoDaddy teams up with ENS to bridge web2 and web3. Plus, the best attention monopolizer in the world?
Sebastian Soran
February 06, 2024
Happy Tuesday, Zingernation! A crypto venture capital firm pumped a token called $TRUMP after having taken a position in it. The token is up 40% over the past 24 hours.
Andrew Kang, co-founder of Mechanism Capital, outlined his thesis on X to announce his fund. Kang said memecoins are "all about the attention economy" and "Trump is probably one of the best attention monopolizers in the world." Well, say what you will, but you can’t exactly fault the logic.
Today, GoDaddy announced a partnership with Ethereum Name Service to bridge web2 and web3, what analysts are expecting for PayPal’s earnings and more.
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MARKET SNAPSHOT
TOP STORY
Briefly: As PayPal reports fourth-quarter earnings on Feb. 7, analysts will be most focused on user engagement and revenue trends.
What Happened: PayPal will report fourth-quarter earnings on Feb. 7. Wall Street expects $1.26 in EPS and $7.26 billion in revenues as the company reports after market hours.
What Else: With approximately 430 million active PayPal accounts expected to remain stable, the company continues to boast a substantial user base.
So What? It’s been a rocky few months, with its stock dropping steeply several times and recent global layoffs affecting 9% of its workforce. But PayPal remains undeterred in its pursuit of market leadership. And with several AI products on the horizon, it evidently hopes to be both leader and innovator.
What Next: Read more here.
A MESSAGE FROM BENZINGA
Discover the future of food at our webinar, 'Agriculture & Culinary Innovation.' Learn from industry experts as we explore cutting-edge advancements in agriculture and food, discussing groundbreaking technologies and sustainable practices shaping these vital sectors. Whether you're a retail investor, culinary enthusiast, or work in the agriculture & food industries, this webinar offers valuable insights into the exciting innovations driving positive change in the world of food.
Notable Participants:
Arik Kaufman, CEO and Co-Founder – Steakholder Foods
Richard Wong, CFO & Interim CEO of AgriFORCE Growing Systems Ltd.
Date: Thursday, 2/8/24
Time: 11:00 am - 11:45 am, EST
FIVE ZINGERS
Tracking Cathie: Cathie Wood-led Ark Invest bolstered its portfolio by purchasing over $11 million worth of Tesla stock.
Fair Play? Traders turned $3,694 into $1.78 million with a copy of 'Dogecoin Killer' $WIF.
Not My First Time: Virgin Money will cut more jobs, having already slashed 150 positions and closed 39 branches, reducing its branch network and property footprint by 30% and 35%, respectively.
Big Data: BNY Mellon partnered with Microsoft to provide a cloud-based data and analytics platform for its buy- and sell-side clients.
Some Time Low: Global fintech investment fell to $113.7 billion in 2023, the lowest in five years.
ONE FOR THE ROAD
Briefly: Domain registration and web hosting firm GoDaddy announced yesterday a partnership with Ethereum Name Service (ENS).
What Happened: Paul Nicks, president of Domains at GoDaddy, said "Partnering with ENS presents our customers with a unique opportunity to experience the fusion of domain names and blockchain technologies.”
How It Works: The Domain Name System (DNS) is a foundational internet component, translating readable domain names into unique Internet Protocol (IP) addresses. ENS operates similarly but within the blockchain framework, converting complex wallet addresses into user-friendly names, according to the company.
Why It Matters: This partnership between GoDaddy and ENS represents a convergence of these two systems, enhancing security and reliability for domain owners while incorporating the innovative features of blockchain technology.
What Next: Read more here.
A MESSAGE FROM BENZINGA
Discover the future of food at our webinar, 'Agriculture & Culinary Innovation.' Learn from industry experts as we explore cutting-edge advancements in agriculture and food, discussing groundbreaking technologies and sustainable practices shaping these vital sectors. Whether you're a retail investor, culinary enthusiast, or work in the agriculture & food industries, this webinar offers valuable insights into the exciting innovations driving positive change in the world of food.
Notable Participants:
Arik Kaufman, CEO and Co-Founder – Steakholder Foods
Richard Wong, CFO & Interim CEO of AgriFORCE Growing Systems Ltd.
Date: Thursday, 2/8/24
Time: 11:00 am - 11:45 am, EST