The Digital Standard: Essential Updates for Blockchain Professionals

Five Fundamentals to Make It as a Blockchain Professional

Author

Steve Nicholls
August 07, 2024

Edition: August 2024 | Read time: under 5 minutes

Welcome to the The Digital Standard

Stay ahead of the curve with The Digital Standard, designed to deliver some of the most important blockchain and Web3 developments straight to your inbox.

In this second edition we bring to you a featured article on blockchain professional fundamentals, a new UK asset class being considered as a ‘Third Category Thing’ and the latest on the Ethereum ETF. We also have the latest from ApdA, the crypto market and web3 careers.

This Month’s Headlines

  • Five Fundamentals to Make It as a Blockchain Professional

  • A Third Category Thing… 🤔 

  • Ethereum ETFs Enter the Market with Significant Impact

  • Community Updates

  • Web3 Careers

  • Crypto Market Latest

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Five Fundamentals to Make It as a Blockchain Professional

Our featured article involves a collaborative effort between ApdA and Thrilld Labs where we outline the key attributes necessary for blockchain professionals to succeed. The article emphasizes the importance of transparency, collaboration, inclusivity, confidence, and community engagement. These qualities not only elevate professional standards but also foster trust and innovation within the blockchain ecosystem. The discussion delves into practical strategies for implementing these attributes in your professional journey, helping you build credibility and ethical stature in the rapidly evolving digital landscape.

Read more here.

A Third Category Thing… 🤔 

The England Law Commission has proposed a significant reform to classify crypto assets as a new category of personal property, distinguishing them from traditional assets. This initiative aims to provide better legal clarity and protection for digital assets in the UK. By acknowledging crypto assets as a unique form of property, the reform seeks to adapt the legal framework to the evolving digital landscape, ensuring that the rights of crypto holders are clearly defined and protected. This move reflects the growing importance of digital assets in the global financial system and highlights the need for contemporary legal structures to support innovation and growth in the crypto sector.

Read more here.

Ethereum ETFs Enter the Market with Significant Impact

Ethereum ETFs have made a notable entrance into the market, attracting substantial attention and investment. According to Coindesk, Ethereum ETFs witnessed $49 million in inflows during the recent drop in ETH prices, showcasing investor confidence in the long-term potential of Ethereum. This influx highlights the growing interest in diversified crypto investment vehicles, particularly as the crypto market experiences volatility.

OGTriple reports that the launch of Ethereum ETFs is expected to introduce billions into the crypto economy. This development is seen as a significant milestone, as it opens up the market to institutional investors who prefer the regulated environment of ETFs. The entry of Ethereum ETFs underscores the maturation of the crypto market, offering investors new ways to gain exposure to digital assets.

ApdA Community Update

If you are new to ApdA you can find out about our mission here. In short, we are a professional association tailored for blockchain professionals, allowing you to verify your professionalism and ethics on-chain.

BlockStart Scotland Recap:

Last week I travelled to Glasgow to attend Scotland’s first major web3 event, BlockStart Scotland, and it did not disappoint. The two day event hosted a range of insightful panellist and inspiring key notes giving the latest updates on the industry, covering topics including Real World Assets, DePIN, on-chain tickets, gaming and blockchain community.

It was a thoroughly enjoyable event where I met and reconnected with some amazing people and projects, some of which I am sure ApdA will be working with in the future.

The highlight for me was how the event gave a spotlight to Scottish talent with local speakers and communities on stage and in attendance. Superteam UK, which is the UK community hub for Solana innovation, emphasised this by announcing Glasgow as a new location for the Solana Build Station, a weekly co-working initiative for blockchain professionals.

Membership Spotlights:

Member profiles will soon be added to the ApdA website with Membership Spotlights. One of the benefits we intend to provide to our members is showcasing their projects and initiatives. As a member you should have been contacted to complete a short application with the information you want to share with the ApdA readers. You may even see them featured in future editions of this newsletter 👀.

Weekly LinkedIn Audio Events:

Networking on the Blockchain is a weekly LinkedIn Audio Event which aims to provide a platform for its listeners to connect with other professionals in the blockchain industry. Sign up for this week’s event here.

Partnerships and Collaborations

European Blockchain Convention: The most influential blockchain event in Europe hosted at Fira Barcelona Montjuic, 25 - 26 September 2024. ApdA has the pleasure to attend as Community Partner and looks forward to an incredible event alongside an expected crowd of 6,000 crypto enthusiasts. As part of the community partnership we are happy to share an exclusive discount code “15APDA”, giving you 15% off general admission prices. See full details of the event and get your tickets here.

CryptoUK: We are excited to announce that ApdA has joined CryptoUK as a partner member. By teaming up with the key trade body representing digital assets in the UK, we look forward contributing to their hard work and the goal of a pro-crypto economy. As this partnership develops we aim to create a frictionless route for individuals and business to benefit from each others offerings. You can find out more about their mission here.

Web3 Careers

Opportunity Highlights

Crypto Market Update

This month we again give you Market Thoughts by friend of the Newsletter, DWDrummer. Log in via the Awardable Platform to read the full update here.

This week's article explores the aggressive sell-offs in BTC and ETH, potential key levels to watch for market stabilization or further declines, and the broader economic indicators.

In addition to the Market Thoughts we also share reflections of what was reported as the worse day in over a year with $500 Billion Dollars wiped from the crypto market.

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Thanks for reading!

Steve aka Janner

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