Good day! This the Yellow Dip (Twitter) - We are the Blockchain newsletter that gives you the latest news, new knowledge, interesting stories, and memes - all in a small, bite-sized email . We're the lunch thali.

Today, we're all about "What's the use case?":

• What is LG planning for the future with Blockchain?

• Crypto markets are rallying, but why?

• Quick dips

What is LG planning for the future using Blockchain?

What's up with LG? So LG Electronics is teaming up with Oorbit and Pixelynx to make it possible for you to access the metaverse and other cool web3 stuff through your smart TV. This means you can have a more immersive and interactive entertainment experience, like playing games or watching movies in a virtual world, all on your TV. It's pretty cool and makes the metaverse more accessible to everyone, not just those with expensive VR gear.

What is metaverse? The metaverse is like a giant virtual world where people can hang out, play games, and do all sorts of other cool stuff. Think of it like a mix between the real world and a video game. You can create your own avatar, which is like a digital version of yourself, and use it to explore different places and interact with other people. Some people even use the metaverse for work or to learn new things. It's a pretty exciting concept and it's still being developed, so who knows what it will be like in a few years!

Oorbit is a team which is building the next phase of cloud tools needed to host the infrastructure for metaverse and other web3 tools. And Pixelynx is working on making an ecosystem of products targeted at fans and artists in the music industry. They will help link artists IP to various integrations across Web3. It is backed by industry stalwarts including DeadMauz on of the world's leading Music artists.

What's in it for me? The collaboration will allow you to explore interconnected virtual worlds, concerts and artificial intelligence multiplayer games through their LG TVs, making it easier for consumers to interact in the metaverse. Imagine logging in with your Slick avatar you chose at the time of buying your next-gen TV and surfing the "metaworld" to attend concerts, play games, spend time with friends and family online. All from the comfort of your TV and no large headgear like an Oculus!

Crypto markets are rallying, but why?

New year mojo has the crypto market rallying with BTC up 30% and Eth up over 40% since New year’s eve! Markets have now erased the losses of FTX fiasco while everyone was expecting us to go lower.

This has happened due to 2 reasons primarily

1. Global markets are breathing easier after the US federal reserve has indicated that they will slow down the rate of interest rate hikes. This is generally good news for equities since lower interest rates means better future growth.

2. There are not a lot of sellers left in the crypto market especially in largecap coins like BTC and ETH. Anybody who hasn't sold till now is probably going to ride or die with their BTC and ETH. The rest will probably enter when they are comfortable to do so.

3. DCG group is a large institutional broker which owes Genesis Crypto (Winkelwoss twins crypto exchange) and its users more than $900 million. They were supposed to give 7-8% apr to Genesis Users for lending them their crypto but have not done so for months now. They needed more than $2Billion to stay liquid but have not raised the funds and neither defaulted till now. Their default is expected to bring some forced selling of assets which is why people were skeptical to buy bitcoin at 16-18k range which is truly undervalued for the asset.

We hope the rally continues in a structured manner, but as usually happens with an asset class of this size, volatility will bring huge bounces and corrections. Best way to buy these assets still remains to buy what you are comfortable with every month.

Quick Dips

+ Amazon Has a Partner for Enterprise Blockchain Tech. Its Crypto Token Has Soared. (Barron's)

+ 3 Blockchain use cases that extend beyond crypto (Cointelegraph)

+ Austria's Central Bank Explores Real-World Use for Blockchain and Crypto (Coindesk)

+ Cryptocurrency is headed toward surviving its first ice age (Cointelegraph)

+ Cryptocurrency Exchange to Sponsor Ukraine’s National Soccer Team (Bitcoin.com)

In case you plan to learn Blockchain technology, go through the learning link we've shared in earlier editions, plus go through this simple & short handbook to get hold of Blockchain in plain English.

That's it for today. Stay curious & see ya next week!

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DISCLAIMER: This newsletter is strictly educational and is not an investment advice to buy or sell any assets or to make any financial decisions. Please be careful and do your own research