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California DMV’s chief digital officer Ajay Gupta emphasized that the agency is looking to modernize its current systems and bring greater transparency to car title transfers.   

cointelegraph.com

California DMV to digitize car title management system via Tezos 

State Department of Motor Vehicles divisions aren’t exactly known for efficiency. However, a new pilot project from California’s state DMV could look to change that. The state is now kicking off a pilot program, which will operate on Tezos, to manage state records surrounding automotive ownership.
Let’s dive into what this program means, what it is all about, and why it could serve as a major point of institutional-level crypto adoption down the road.
Auto Titles On Chain: Why It Makes Sense
State-governed record keeping, such as automotive titles and registration, is a vertical that NFT and crypto advocates have cited as one major area that blockchain technology can add immense value. If done right, digital record keeping on-chain with this data can reinforce immutability, reduce and optimize the necessary manpower in logging changes and updates to records, and ideally reduce potential errors around record changes.
California is willing to take a plunge, it seems, and is pairing up with crypto software firm Oxhead Alpha to achieve the vision. Oxhead Alpha will be utilizing a specific set of smart contracts on the Tezos blockchain (but not visible on the permissionless, publicly-available Tezos chain) to build out this product.
In a statement cited in Oxhead Alpha’s press release, the state’s Chief Digital Transformation Officer Ajay Gupta stated that these solutions “would avoid repeated verification steps for customer and State/public service entities, resulting in reduced workload, economic benefits and auditability.”



















































California’s Crypto Roadmap
California holds records of over 30M registered vehicles throughout the state, putting a true test on the capabilities and capacity of the slate of Tezos smart contracts in the works. However, the size and scale of this project, and the state’s reputation for moving at a ‘snail’s pace’ on executional items like this don’t seem to be slowing down the output as much as one might anticipate.
This initiative is rooted in a 2020 state ‘Blockchain Working Group’ roadmap that has sought to pave the way for blockchain-based engagement across a variety of verticals, such as property, utilities, finance & banking, and more. Roughly 8 months ago, California governor Gavin Newsom signed an executive order around blockchain-based assets to address both regulation and innovation.
Now, we’re finally seeing a pilot program come to life with true utility and a clear value-add proposition. The program is expected to come to initial fruition by early/mid Q2 2023, and we could see car titles as NFTs by the end of the year. A similar pilot project with the state’s Department of Food and Agriculture is expected to come to life in the month’s ahead as well, with the intent to better track food-borne contamination, effectively moving data surrounding growers and transporters on-chain.




























































State Department of Motor Vehicles divisions aren&#8217;t exactly known for efficiency. However, a new pilot project from California&#8217;s state DMV could look to change that. The state is now kicking off a pilot program, which will operate on Tezos, to manage state records surrounding automoti...

bitcoinist.com

Vehicle Titles On Chain? California To Tap Tezos For New Pilot Project

Tezos (XTZ) network is readying itself for its latest upgrade, called the ‘Mumbai Upgrade.’ On January 17, Nomadic Labs, which is a blockchain developer within the Tezos community, mentioned the Tezos protocol proposal, Mumbai, which is headed toward the implementation process.
This will be the 13th upgrade made to the Tezos network. This upgrade will implement various new features. The main features include transfer tickets between accounts and a much shorter block time of 15 seconds.

Further, this upgrade will add Epoxy, a new technology on Mainnet, which is precisely a validity rollup that can also be referred to as a new layer 2 scaling solution.
The Mainnet will gain further strength due to Epoxy, which introduces SNARKs’ proof-of-validity, which will be the reason for quicker transactions.
This 13th upgrade, which is called the ‘Mumbai Upgrade’ will be implemented after a number of tests are carried out. However, once implemented, the system will get closer to Tezos’ target of achieving one million transactions per second, according to the Nomadic Lab’s report.
The implementation of the upgrade will, as a consequence, increase the value of Tezos’ native token XTZ. The price of the altcoin, XTZ, has reacted positively to this development. XTZ experienced a price reversal, but the altcoin has since resumed its bullish momentum.
Tezos Price Analysis: One-Day Chart

XTZ was trading at $0.99 at the time of writing. Although the coin started to retrace over the 48 hours, it has regained bullish momentum on the chart. The altcoin has formed a prominent cup-and-handle trading pattern, which is an extension of bullish momentum.
This change in price momentum can be attributed to the announcement of the ‘Mumbai Upgrade’. Immediate resistance to XTZ stands at $1.02, but the coin is expected to retrace to $0.97.
Once it reaches the $0.97 mark, Tezos can target $1.19, which will mean an 18% appreciation. Over the last week, the coin managed to surge over 8%. The amount of XTZ traded in the last session increased, signifying an increased amount of buying.
Technical Analysis

XTZ had secured a multi-month high with regard to the buying pressure it witnessed. The Relative Strength Index (RSI) touched the 80 mark a few trading sessions ago, signifying an overvalued tendency.
Often, a coin that is overbought experiences a price correction and a fall in demand; Tezos also displayed the same, but at press time, the RSI again noted an uptick.
This uptick could mean that the altcoin might head back close to the 80-mark. This unusual uptick can be because of the newest development.
On the same note, XTZ rose above the 20-Simple Moving Average (SMA), which indicated that buyers were driving the price momentum.

The coin was above the 50-SMA (yellow) line too. So with increased accumulation, XTZ can soon breach the 200-SMA (green) line.
Overall, Tezos remains quite optimistic on the chart; however, the coin has to remain above its local support line of $0.97 for the uptrend to continue.



Tezos (XTZ) network is readying itself for its latest upgrade, called the &#8216;Mumbai Upgrade.&#8217; On January 17, Nomadic Labs, which is a blockchain developer within the Tezos community, mentioned the Tezos protocol proposal, Mumbai, which is headed toward the implementation process. This w...

newsbtc.com

Tezos Approaches The ‘Mumbai Upgrade’, What’s Next For XTZ?

On December 28, NFT artist Lucréce reported via Twitter that he is in talks with Arthur Breitman, co-founder of Tezos, to get an explanation from Manchester United soccer about why its new NFT collection uses designs and styles similar to his own.
Lucréce’s collection is much older than United’s and has higher prices, reaching approximately 21 ETH ($24,919) per NFT. In contrast, each of the Red Devils’ 7,777 NFTs sold for about $40, running out of stock immediately after release.
Lucréce’s NFT collection, Source: OpenSea
Lucréce hopes to strike a deal with the Red Devils. that will benefit both parties, as the resemblance of their artwork is so uncanny that some community users wondered if the artist worked on creating the Manchester United project.

I’m not saying @ManUtd was inspired by my work, but I’m not saying Manchester United wasn’t inspired by my work. pic.twitter.com/q09Y6uouxF
— Lucréce (@DesLucrece) December 23, 2022
Although the artist was careful not to directly accuse Manchester United of plagiarizing his works, he showed an image on Twitter comparing the two artworks so readers could draw their own conclusions.
Is Manchester United Copying Lucréce’s NFT Artwork?
User ClownVamp, posted a series of Tweets comparing both NFTs, noting that Lucréce’s was “one of Tezos’ most popular and oldest collections.”
The Manchester United NFT Collection
The terms and conditions of the United collection state that the NFTs were created by TRILITECH PLATFORM OÜ, “the for-profit arm of the Tezos foundation.” They are therefore authorized by the Tezos Foundation to mint and sell the digital collection of the English football team.
The Devils collection launched by Manchester United is the team’s second digital collectible drop. Each token has a unique set of features and gives its owner rights to exclusive airdrops, special AMAs, private competitions, and other “surprises.” This would be the next step in a broader partnership between the team and Tezos.
Lucréce Gets Answers from Manchester United
Later today, Lucréce reported through his networks that thanks to the support of the community and Tezos, he got a response from Manchester United with a view to reaching an agreement, stating that the club had not contacted him due to the holidays.

Update: correspondence between me and ManU has started. Had a productive call with them just now. Probably the last update on this for a while since everyone is still on holiday.
In times of adversity, you’ll know who your friends are. Thank you, tezos community. 
— Lucréce (@DesLucrece) December 28, 2022
Many of his followers expressed their joy for the club’s response, applauding how the artist politely handled the case — which is not the usual way people deal with controversies on Twitter.
As part of his demands, Lucréce asked for dinner with Cristiano Ronaldo. This was a joke, of course, but the artist later wrote that the topic “was not brought up. Almost as if it was avoided.” How will the matter turn out? Will he receive monetary compensation, or will he have his dream dinner with the world-famous CR7?
 
 
 
The post Manchester United Accused of Copying NFT Artist For Its Own Collection appeared first on CryptoPotato.

Manchester United launched an NFT collection in Tezos that sold out faster than expected. But the style is much like that of another major Tezos NFT artist.

cryptopotato.com

Manchester United Accused of Copying NFT Artist For Its Own Collection

The ongoing crypto bear market seems like an unending journey, with more firms coming down with financial crises due to asset devaluations and other effects. Although some assets have seen brief rallies, many remain in decline.
Regarding the crypto bear effects, Kathleen Breitman, CEO of Tezos, a blockchain platform, shared her opinion. Breitman thinks the end of the crypto winter is not near yet, but she is confident about the survival of a few useful crypto applications.

Reasons For Price Devaluations
The Tezos CEO argued that the recent rallies do not signify the end of the bear market. In her opinion, easy money from venture capitalists seeking profit and low-interest rates artificially hiked the valuations of many crypto companies.
Kathleen further said that even if the Feds stop hiking interest rates, only a few useful crypto applications that can grow organic users will survive.
The CEO also commented on the fall in the price of many digital assets in 2022. She said easy money going into the system inflated the values of digital assets. She cited examples of crypto devaluation in the industry using the OpenSea NFT marketplace as a case study.
According to data from Dune Analytics, OpenSea’s trading volume dropped from ~$3 billion in September 2021 to less than $350 million in September 2022. Kathleen explained that the cheap money phenomenon started and spread into many markets. She said OpenSea has a $13 billion valuation currently.
Other top industry players gave their opinions regarding the end of the bear market. Charles Hoskinson, founder of Cardano, Brett Harrison, ex-president of FTX US, and Brain Amstrong, CEO of Coinbase, predicted when the bear market would end.
Only Useful Crypto Applications Can Survive Bear Market, Breitman
According to the Tezos CEO, since the easy money is unavailable, get the communities (organic users). When asked if a pause in Fed’s rates hikes could revive the crypto market, Breitman said there would still be a shift in crypto and tech valuations. She said that the valuations would base on user growth and not the use of cheap tactics (easy money) that quickly goes.
Furthermore, Breitman said no metric had evaluated cryptocurrency or technology in the last ten years when interest rates were low. However, she maintained that practical crypto applications would thrive no matter the challenges.
As per Breitman, the demand for digital arts and their trading on blockchain was the driving factor for Tezos’ increased popularity in 2021. According to Breitman, the use case of blockchain in creating and trading digital arts is among the only sources of organic growth in the crypto industry.

Amid the crypto winter, the end of the easy money era has been a hot topic among analysts. Some believe the recent Bitcoin price stability is good for the industry. The founder of Nexo, a crypto lending firm, told reporters that BTC performance strongly indicates that the digital asset market has matured.
BTC falls below the $20,000 barrier l Source: BTCUSDT on Tradingview.com
featured Image from Pixabay | Charts by TradingView


The ongoing crypto bear market seems like an unending journey, with more firms coming down with financial crises due to asset devaluations and other effects. Although some assets have seen brief rallies, many remain in decline. Regarding the crypto bear effects, Kathleen Breitman, CEO of Tezos, a...

Tezos price	$1.15
Low - High 24H	$1.11 - $1.19
Market cap	$1.05B
Volume 24H	$65.11M
All time high	$9.12 -87.42% October 4th 2021
All time low	$0.350476 227.31% December 7th 2018
Genesis date	N/A

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