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Unveiling the Future of Crypto-Art: Sastanaqqam

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Unveiling the Future of Crypto-Art: Sastanaqqam’s Journey and the Metaverse Revolution. Interview with Mohamed Azzi

In a fascinating exchange at the 2023 Blockchain Economy Summit in Istanbul, Petar Velchev of CoinReporter engaged in a deep dive with Sastanaqqam’s Mohamed Azzi about his company and its place within the rapidly evolving crypto-art landscape.

Azzi, whose firm, Sastanaqqam, is a comprehensive ecosystem built around a single token, spoke about the philosophy behind the company’s unique moniker saying that It’s basically all about questioning yourself and using that introspection to rise in the work ecosystem.

The company’s main objective, Azzi went on to share, is to usher artists into the web3 ecosystem by providing them with the tools to digitize their art. To this end, Sastanaqqam has created a marketplace for digital art, a virtual museum for displaying it, and a non-custodial wallet to handle transactions on these platforms. The company’s operations are based on the Polygon platform, and they have plans to introduce a native token, the blue token, soon.

Azzi revealed that their virtual museum is also a Virtual Reality (VR) experience designed to democratize access to digital art, while simultaneously boosting the visibility of artists and their work. He also mentioned future plans to construct virtual galleries for renowned collections, particularly in Germany.

When quizzed about the concept of the metaverse, Azzi noted that it has existed for a long time but is now becoming increasingly democratized. He sees a future where the metaverse will have practical and beneficial uses. Although Sastanaqqam is not yet fully integrated into the metaverse, Azzi assured that they are prepared to enter it, with an ecosystem adaptable to this new reality. He envisions the metaverse as a potential platform for showcasing art globally.

On the topic of meme coins, Azzi expressed that success could come from unconventional beginnings, but ultimately, the value and utility brought to the token are what matter. He said that meme coins lacking in useful applications or characteristics would eventually fade away.

Azzi firmly believes in the potential of art as a sound investment, a belief strengthened by the emergence of digital art and NFTs. He views the rise of cryptocurrencies as a promising development that offers security, transparency, and greater access to financial services. While recognizing the risks associated with investing in cryptocurrencies, he feels they hold the potential to revolutionize our financial system.

All in all, the conversation painted a picture of an innovative company working to bridge the gap between traditional and digital art, while also preparing to immerse itself in the exciting possibilities of the metaverse.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CoinReporter.io and EUReporter.co does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Bitcoin’s Rhythmic Movements: Deciphering the Leading Digital Currency in the Midst of Economic Shifts

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In today’s financially digitalized times, Bitcoin stands as both a symbol of potential and the inherent challenges that come with digital assets. Its market performance often serves as a barometer for other cryptocurrencies, showcasing the overall vitality of the crypto ecosystem.

Currently, Bitcoin’s valuation is pegged at $26,413. A more detailed look reveals a minor dip of 0.50% in a day’s span, contrasted by a notable 1.5% rise over the past seven days. Recognizing Bitcoin as a trailblazer in the realm of digital currencies, its top position on CoinMarketCap is expected, with an impressive market cap of $514 billion. Furthermore, the ongoing currency supply is steady with 19,486,300 out of the total 21 million BTC available.

Venturing into wider economic metrics, the US’s preliminary data on consumer sentiment for September offers a backdrop to interpret Bitcoin’s recent activities. The released UMich sentiment index registered at 67.7, a tad below the forecasted 69.1 and its preceding 69.5.

Surprisingly, there’s a nuanced connection between gasoline prices and this sentiment metric. Over time, financial experts have spotted this underlying bond, suggesting that shifts in gasoline costs might indirectly affect consumer optimism, which subsequently impacts the broader market mood.

Adding to the mix is the noticeable downturn in inflationary expectations. Historically, the Federal Reserve’s overemphasis on such indicators might have been its Achilles’ heel. Yet, the current trajectory paints a vivid picture of a volatile marketplace. Amid this complex environment, the pressing query for many is: Is this the prime moment to delve into Bitcoin?

From a technical vantage point, Bitcoin seems to be treading on thin ice, barely maintaining its stance above the $26,000 threshold. Concurrently, the resistance at $26,500 stands firm, almost acting as a protective barrier. But what past events have anchored it here?

On the brighter side, there’s a descending trend that may cap Bitcoin’s upward journey at about $26,750. If Bitcoin can gracefully sail past this mark, $27,000 emerges as the subsequent milestone. Beyond that, achieving $27,600 presents its own challenges. Climbing over this barrier might propel Bitcoin’s valuation towards an impressive $28,000 or further.

Yet, not all that glitters is gold. The challenging $26,750 descending trajectory is poised to test Bitcoin. A setback here could result in a decline to $26,600 or even a backslide to the $26,000 foundational mark. A gloomier scene, amplified by intensified selling, might drag Bitcoin down to a stark $25,250.

However, for the astute market player, the prevailing scene isn’t without hope. Analytical tools such as the 50-day exponential moving average, relative strength index, and the moving average convergence and divergence hint towards a potential uptrend and continued positive momentum.

Hence, it’s pivotal for market participants to be vigilant of the $26,500 benchmark. This point might just be Bitcoin’s tipping point, with rates above signaling buy-ins and those beneath flagging cautionary tales.

To wrap up, as Bitcoin carves its path through a meshwork of macroeconomic and crypto-specific signals, decrypting its motions demands a microscopic view of its technical underpinnings complemented by a panoramic scan of the wider economic panorama. The choice between acquisition and divestment, invariably, rests at the crossroads of meticulous scrutiny and the investor’s individual risk threshold.

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