Welcome to the first blog post of “This week on Tezos” where we aggregate all the latest news and updates around the Tezos ecosystem and present it to you in a simplified language. Get all the information about the ecosystem every week in one place.
This week, we have several exciting developments and news items to share with the Tezos community.
XTZ’s impressive performance
First, let’s talk about the recent performance of the Tezos token (XTZ). In January, the price of XTZ increased by 40.20% to $1.18, making it a popular investment option among crypto enthusiasts.
Despite a slight dip in price, the overall trend has been positive, with a steady rise in trading volume. Many analysts believe that Tezos (XTZ) will experience further price increases in 2023.
Mumbai upgrade attracts more development to the ecosystem
The Mumbai Upgrade, Tezos’ 13th network upgrade, was launched this week and has received a positive response from the Tezos community.
With the Mumbai Upgrade, Tezos (XTZ) aims to enhance the capabilities of the network by adding several new features, including transfer tickets between accounts and a shorter block time of 15 seconds. The development activity of Tezos (XTZ) has increased over the past few weeks as a result of the Mumbai Upgrade
California DMV <> Tezos Partnership
Another exciting development for Tezos (XTZ) is its collaboration with the California Department of Motor Vehicles (DMV) and OXhead Alpha. Tezos (XTZ) will help the DMV establish a DMV-based blockchain platform, with the aim of digitizing car titles exclusively for California drivers.
The blockchain platform will also streamline title transfers between different car owners. The chief digital officer at California’s DMV stated that they could build a shadow ledger or duplicate of the title database on the Tezos (XTZ) blockchain.
Within a couple of months, Tezos (XTZ) and its partners will build consumer-facing applications, allowing California drivers to use digital wallets consisting of car title NFTs on the Tezos (XTZ) blockchain.
Revoult’s Staking services
Another major development in the Tezos ecosystem is the recent announcement by Revolut, a leading fintech company with over 25 million customers worldwide.
Revolut is rolling out a new staking service this week that will support the tokens of Polkadot (DOT), Tezos (XTZ), Cardano (ADA), and Ethereum (ETH). Yields on these assets reach up to 11.65%, which is an attractive incentive for investors.
Tezos All-star circuit of champions in Fremont Speedway
Finally, we have exciting news for fans of motorsports. The Fremont Speedway has just released its 2023 season schedule, and it’s a good one for drivers and race fans.
The Tezos All-Star Circuit of Champions will make three appearances at the Fremont Speedway, including Ohio Sprint Speedweek and the traditional Jim and Joanne Ford Classic. This is a great opportunity for Tezos to showcase its cutting-edge technology in a fast-paced and exciting environment.
In conclusion, this week has been an exciting one for the Tezos community, with several major developments and partnerships that are set to drive growth and innovation. Whether you’re an investor, developer, or motorsports fan, there’s something for everyone in the Tezos ecosystem.
3,200 NFTs Giveaway!
Tezos India will be giving away a total of 3,200 NFTs at the upcoming India Art Fair 2023, 9-12 February
Starting on February 9th, visitors will have the opportunity to visit Tezos’ large-scale computational art installation called “Computational Convergence.” This showcase will feature one-of-a-kind generative NFT artwork created by artists Kartick Dondeti, Pixelkar, Aranya, and KALA.
Visitors can easily collect these NFTs, minted on Tezos Blockchain, directly through their smartphones while at the fair.
That’s it for this week! We will be back next week with fresh news and updates about Tezos in our next edition of “This week on Tezos”