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Reviews

Crypto Scams Everyone Should Know About in 2022.

Cryptocurrency is a digital asset that uses cryptography to safeguard transactions and regulate the creation of new units. Cryptocurrencies are decentralized, meaning they are not controlled by a government or a financial organization, which makes them an appealing investment for many people.

Cryptocurrencies, on the other hand, are a target for scammers since they are digital and global. This blog post will go through some of the most prevalent cryptocurrency scams and how to avoid them.

Let us take a look at them;

  1. Fake Apps and Website Scams

This is one of the most prevalent frauds, and if you pay carefully, you may easily recognize it. Scammers usually try to imitate real websites by creating duplicates with alternative domain names. It’s difficult for someone who has never used Bitcoin or cryptocurrency before to fall into this trap if you’ve been using crypto for a while because we all know how these things work.

However, if you are unfamiliar with cryptocurrencies, you may wind up giving out your private keys or passwords in order to earn free coins from these phony apps/websites.

  1. Initial Coin Offering (ICO)

It became a cat-and-mouse game between scammers and investors as the number of ICOs increased and more people grew interested in cryptocurrency. In the last few years, there have been numerous reports of ICO scams. The companies behind them make lofty claims about the potential of their product, only to vanish with all of the funds earned during an initial coin offering (ICO).

  1. Unwanted Crypto-Investment Schemes

Cryptocurrency investing is a terrific way to gain money, but some criminals are trying to take advantage of it. Some investment plans are quite appealing, particularly if they offer huge returns with little or no risk. Unfortunately, many people fall prey to these schemes because they are unaware of the warning indications to look for when assessing a potential investment.

Learning about different sorts of frauds and how to prevent them is the greatest approach to protect yourself from getting scammed.

  1. False Cryptocurrency-Based Job offers

When someone provides a fraudulent job opportunity in return for Bitcoin or other cryptocurrencies, it’s one of the most popular cryptocurrency scams. They may promise a high salary and ask for money up front for training or equipment, but once they have your money, they will depart without ever providing the promised services.

Always be skeptical of any offer that seems too good to be true.

  1. SIM Swapping Scams

SIM swapping is a current trend in bitcoin frauds. Attackers obtain your phone number by persuading your mobile service provider to transfer it to their account. They can then change your passwords and gain access to all of your accounts, including your bitcoin wallets, that are linked to that phone number.

Use two-factor authentication whenever possible to protect yourself against this attack, and be cautious about who you share your sensitive information with.

Cryptocurrencies are a fascinating and intriguing technology, but they also serve as a target for con artists. Be informed of the various frauds that exist so that you can protect yourself and your assets. Phishing attacks, Ponzi schemes, and false wallets are among the most popular crypto scams. Before investing in any cryptocurrency or blockchain project, make sure you do your homework and keep an eye out for potential frauds.

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Technology

Samsung has unveiled its latest flagship smartphone loaded with crypto features and functionality.

With its latest flagship smartphone, which is filled with crypto features and functionality, Samsung may have won the “SmartPhone war” this year. The Samsung Wallet was unveiled at Samsung’s “Unpacked 2022” virtual event, which also featured the launch of the Galaxy S22 Ultra smartphone.

The wallet was described as having the ability to “access and study complicated digital products” like cryptocurrency. According to sources, it can also securely store personal credentials including student IDs, driver’s licenses, and state IDs, as well as digital keys, credit and debit cards, airline permits, and vaccination data.

Samsung Pay, the company’s own payment platform, will function with the secure payment wallet. Samsung’s Knox Vault platform provides security by encrypting sensitive data and blockchain keys and isolating them from the phone’s main operating system.

In the Decentraland Metaverse, Samsung revealed their new Galaxy devices at a virtual Samsung 837X venue. More than 100,000 people registered for the virtual event, which included the opportunity to pre-order the new premium cell phones.

In early January 2022, the firm made its Metaverse debut by launching its flagship 837 store in collaboration with Decentraland. “This is one of the largest brand land takeovers in Decentraland’s history,” the company claimed at the time.

Samsung has also entered the world of non-fungible tokens (NFTs). BeInCrypto announced in early January that its 2022 TV collection will handle NFTs natively, allowing clients to purchase crypto art directly through a platform on the company’s smart TVs.

The South Korean central bank’s digital currency experiment will be embedded into Samsung’s flagship cell phones, according to reports from August.

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Opinions

Best Cryptocurrency to invest in 2022

In 2022, which cryptocurrency is the best to invest in? Cryptocurrencies had a great 2021 and however much the beginning of the year was off to a rocky start, everyone is looking forward to what the rest of the year has to offer. 

If you start researching cryptocurrencies, it won’t be long before you come across hundreds of smaller coins or tokens that promise all kinds of wonders but are mainly pre-sale ICOs with no future. This article will go over the best cryptocurrencies to invest in in 2022.

  1. Cardano (ADA)

Cardano is a cryptocurrency project that aspires to build the world’s greatest smart contract platform, including important qualities like scalability, interoperability, sustainability, and decentralization.

Because it is a platform with the biggest potential for scalability, Cardano is one of the finest cryptocurrencies to invest in this year.

In addition, the currency grew in 2021, indicating that it will likely continue to expand in the months ahead.

Furthermore, because its developers are working on a clear vision and strategy, Cardano may be one of the few cryptocurrencies that does not suffer from an identity crisis.

2. Chainlink (LINK)

Chainlink is a decentralized oracle that lets smart contracts connect to off-chain resources including data feeds, online APIs, and payment systems.

Sergey Nazarov and Steve Ellis, both co-founders of SmartContract.com, came up with the idea.

Chainlink intends to establish an open standard for connecting any blockchain to other data sources, such as centralized databases such as Oracle’s Cloud Service.

Chainlink is one of the finest cryptocurrencies to invest in in 2022 because it will allow developers (and other services) to connect their cryptocurrencies to current corporate infrastructure without having to build costly connections from scratch each time the two networks need to communicate.

3. Solana (SOL)

Another good coin to invest in in 2022 is Solana. It’s a scalable blockchain solution that can handle more transactions per second than any other consensus mechanism now in use (as much as 250,000 TPS).

In comparison, Ethereum currently supports an average of 15-20 TPS, whereas Bitcoin currently averages around seven TPS.

The finest part about Solana’s design is that it doesn’t require mining of blocks, instead relying on a safe proof-of-stake process in which each node verifies only two random prior blocks.

4. Polkadot (DOT)

Polkadot’s concept is unique in that it does not use mining of blocks, instead relying on each node confirming a random prior block and computing the hash of the new block’s overall transactions from the previous block, resulting in transaction confirmations in seconds.

It also contains an algorithm that makes currencies increasingly difficult to mine as time passes, resulting in fewer miners and thus a more decentralized system that is less vulnerable to solving problems through governance (rather than Proof-of-Work).

Furthermore, because they employ directed acyclic networks for their data structure rather than blockchain technology, one of its advantages can aid with scalability difficulties.

5. Polygon (MATIC)

Polygon has the potential to be a game-changing blockchain scaling solution. Binance and Coinbase, two of the largest cryptocurrency exchanges in the world, are supporting the project.

Polygon’s Layer 2 scaling solutions aim to encourage widespread adoption by making transactions faster and cheaper than ever before while also addressing many of the issues that come with scaling on multiple blockchains.

If you’re searching for a coin with the most scalability, Polygon is the one to go with.

6. THORChain (RUNE)

The THORChain crypto project is a blockchain-based ecosystem and protocol with best-in-class scalability capabilities. RUNE offers lightning-fast transactions, cheap fees, strong security, and, most importantly, an incentivized structure that encourages users to participate in the THORChain network’s operation.

It also includes important collaborations with projects like Decentrex (a decentralized Ethereum exchange) and SALT, which offers cryptocurrency-backed loans.

If you’re hoping to invest in cryptocurrencies this year, the project might be worth checking at.

7. FTM (FTT)

A coin with promise will be the ideal cryptocurrency to invest in this year – 2022. FTX Token is a one-of-a-kind coin that you should keep an eye out for.

FTT is a new blockchain token designed specifically for traders. FXT tokens are only intended for use on FTX, a cryptocurrency trading platform that debuted on May 8, 2019.

8. VeChain (VET)

VeChain is a ground-breaking blockchain platform that combines Internet of Things (IoT) technology with blockchain technology to create a supply chain management ecosystem.

VeChain will transform supply chain management in the future by building a self-sustaining ecosystem that solves many of the industry’s fundamental issues.

They will construct an infrastructure that ensures all items are monitored from beginning to end, as well as detecting any inefficiencies or discrepancies along the way, using blockchain and IoT technology.

9. Aave (AAVE)

Aave is a decentralized finance system that enables users to lend and borrow cryptocurrency.

Lenders earn interest by depositing digital assets into liquidity pools that are then utilized as collateral for flash loans.

This allows borrowers who want immediate access to their coins to do so without having to sell them at a disadvantage simply to buy them again later when values have risen.

10. Dogecoin (DOGE)

Dogecoin might be an excellent choice for this year – 2022. (DOGE). Jackson Palmer and Billy Markus created the currency as a joke in 2013, but it has since evolved to become one of the most popular cryptocurrencies on Twitter.

It also accepts microtransactions without issue, so if you’re searching for that kind of thing, DOGE is the way to go.

DOGE is a fun, friendly internet money, and what makes it even more intriguing is that it is endorsed by world billionaires and celebrities such as Elon Musk.

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NFTs

What are CrytoPunks?

Punks are an incomprehensibly valuable item, a status symbol, and a piece of internet history. They could be the most important NFT endeavor ever. Owning a CryptoPunk is the pinnacle of Punk in NFTs.

The history of NFTs and the Ethereum blockchain are entwined with the CryptoPunks’ quest to a non-fungible domain. Bored Ape Yacht Club (BAYC), a well-known exemplary project, is closely connected to the CryptoPunk mold. The mainstream media, on the other hand, is still a long way from embracing NFT benefits.

An Introduction;

The CryptoPunks are a group of 10,000 randomly generated, casually sketched characters developed in 24×24 pixel art graphics. The majority of CryptoPunks are computerized representations of boys and girls, with zombies, apes, and the occasional alien thrown in for good measure.

Every Punk has a profile page that lists their characteristics and current status. Additionally, the CryptoPunks on the Ethereum blockchain are formally owned by specific persons.

The original plan was for everyone with an Ethereum wallet to be able to claim CryptoPunks for free, but it just took a few seconds to take all 10,000. As a result, they can now be purchased on a blockchain-enabled marketplace. You can bid and trade punks on such a marketplace.

Where did they come from?

CryptoPunks were, believe it or not, distributed for free in 2017. At the time, Ethereum’s ERC-721 non-fungible token standard didn’t exist, therefore Larva Labs’ two-person team issued them as an experiment. The 9,000 CryptoPunks that were released to the public were quickly snapped up by Ethereum wallet users, while Larva Labs hung on to the rest.

The supply of NFTs gradually increased over the next three years, but demand for these provably scarce digital artifacts didn’t explode until late 2020 and especially early 2021. CryptoPunks’ secondary market value skyrocketed, resulting in multi-million-dollar NFT sales, Christie’s and Sotheby’s auctions, and a slew of CryptoPunks used as Twitter profile images.

What is so special about them?

The fact that CryptoPunks is one of the oldest NFT projects existing, and the first set of randomly generated profile images to actually connect with the crypto community, is one of the main sources of demand. They’ve spawned a slew of other profile image NFT sets, from Bored Ape Yacht Club to Doodles and a slew of others, all of which serve to amplify the source project’s influence and legacy. CryptoPunks also has some high-profile owners, including Jay-Z, Logan Paul of YouTube, and tennis champion Serena Williams.

Furthermore, certain CryptoPunks have distinct characteristics that make them more coveted and expensive to collectors. Alien CryptoPunks are among the most expensive NFTs sold to date since alien avatars are the rarest of the randomized images. Designs of apes and zombies are also popular.

The plainer-looking CryptoPunks are close to the market floor in terms of asking price on NFT marketplaces, and most of the CryptoPunks basically look like humans with varied characteristics and accessories.

How to buy CryptoPunks?

While you can see all of the CryptoPunks on OpenSea, the most popular secondary market for NFTs, you can only buy them from Larva Labs’ website.

You’ll need to log in with an Ethereum crypto wallet, such as MetaMask, and then use the official site to buy, sell, and bid on CryptoPunks. Larva Labs offers a helpful tracker that allows you to see all of the Punks listed in order of price, from cheap to high.

Process of getting a CryptoPunk.

If you want to buy a CryptoPunk but aren’t sure where to begin, just follow these steps:

  • To begin, download and install Metamask, a Chrome browser extension. This gives websites that you authorize access to your Ethereum account.
  • Second, if you’ve recently opened a new account, buy some Ether. You may buy Ether from Coinbase using a built-in Metamask button.
  • This website will recognize the plugin and add buttons to the interface that allow you to bid on, buy, and sell punks once you’ve installed it. For example, Punk #2524 may be purchased for 67.98 ETH ($262,552.35 USD).

CryptoPunks in the Future

Despite being only a few years old, CryptoPunks is already a milestone project in the NFT sector. All required information on the project has been available to the public for a long time. Punks were created on the Ethereum blockchain and will reside there indefinitely, so it’s logical to assume they won’t change.

Given the growing growth of the NFT sector, Punks will always be a landmark project, which is excellent for both its founders and collectors. GMoney says, “CryptoPunks will continue to be a fundamental component of the NFT community.” To secure their position in history, they don’t need to evolve or experience anything.

Nonetheless, innovation is still a novel notion in the Punks’ world. GMoney, Beanie, and Punk4156, all well-known members of the community, have created different identities based on their Punks. While these three have made a name for themselves through their punk personas, there are a few things to bear in mind when it comes to making money as a CryptoPunk.

The application of copyright law to non-profits is yet unknown territory. Most creators, like Larva Labs, choose to purchase an NFT license because they can easily create their own collector usage thresholds based on where and how they mint an NFT.

Punks can also sell their Punk merchandise and earn up to $100,000 every year. The disadvantage of this agreement is that owners are not permitted to alter the art of the 24 x 24 Punk or sell third-party items in conjunction with it.

Owning a CryptoPunk is not only a smart financial investment, since their value continues to rise, but it’s also a status symbol. Essentially a VIP pass, holding a CryptoPunk grants you access to a select group of people who believe in the decentralized future.

Categories
Opinions

A quarter of people worldwide will have spent time in the metaverse by 2026: Research

According to new research, by 2026, 25% of individuals would have spent at least one hour each day in the metaverse for work, shopping, education, socializing, or amusement.

According to a report released Monday by technology research and consulting firm Gartner, brands are already constructing infrastructure to allow their users to digitally reproduce their lives in anticipation of this metaverse migration.

Brands will need to collaborate in order to unify the metaverse, according to Gartner, Vice President Marty Resnick, since their users want virtual, interactive, three-dimensional experiences.

“These activities are currently being undertaken in distinct worlds,” he added, “from attending virtual schools to buying digital land and constructing virtual homes.”

By 2026, he estimates that 30% of the world’s organizations will have products and services in the metaverse:

“Eventually, they will take place in a single environment — the metaverse — with multiple destinations across technologies and experiences.”

The global metaverse market is expected to reach over $42 billion by 2026, according to research firm Strategy Analytics. However, according to a Grayscale analysis released in November, the overall valuation might exceed $1 trillion in the coming years. Between the beginning of 2020 and June 2021, the number of active metaverse users surged by tenfold.

In any case, Terra Virtua co-founder and CEO Jawad Ashraf believes the study shows that the metaverse will revolutionize how people engage with virtual surroundings, anticipating that it would become a destination for social gatherings, business meetings, gaming events, music concerts, and more.

“It may be too early to predict exactly what the metaverse will become, but what we do know is it will open up completely new experiences and enhance our lives.”

Resnick cautioned businesses and investors to proceed with care, citing the immature and dispersed adoption of metaverse technologies. “It’s still too early to tell which investments will be viable in the long run,” he said. 

“Product managers should take the time to learn, explore and prepare for a metaverse in order to position themselves competitively.”

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Business

Binance Restricts Over 200 Nigerian Accounts Amid Money Laundering Requirements.

Binance, the world’s largest cryptocurrency exchange, has suspended 281 Nigerian users’ personal accounts, citing the need to comply with international money laundering rules, according to its CEO.

In a statement to Nigerian subscribers dated Jan. 29, Changpeng Zhao stated that the decision to block some personal accounts was made to ensure user safety, with more than a third of the accounts impacted being restricted at the request of international law enforcement.

Currently, we have resolved 79 cases and continue to work through others. All non-law enforcement-related cases will be resolved within two weeks,” Changpeng Zhao said.

Despite a central bank ban, Nigerians have continued to use cryptocurrency for business, to preserve their savings as the naira currency depreciates, and to send payments abroad because it is difficult to obtain US dollars in the country.

Binance’s regulatory difficulties

According to a Reuters investigation, CZ “ignored” warnings about the exchange’s ineffective know-your-customer (KYC) checks, which are intended to be the first line of defense against money laundering and other illegal behavior.

Former Global Money Laundering Reporting Officer Karen Long said in a message received in 2019 that CZ wanted “no kyc.” Samuel Lim, Binance’s Chief Compliance Officer, also wrote, “Damn why touch fiat if dont wanna be compliant. So ironic LOL. Just say full crypto man. Jizzus,” in a text.

According to the Reuters research, Binance did not cooperate with German law authorities when they received 44 letters inquiring about transactions worth €2 million (approximately $2.2 million) that were suspected of involving stolen and laundered cash.

Previously, the crypto exchange drew the wrath of regulators all across the world.

Regulators in Holland and Japan have issued consumer alerts about the exchange. Binance has been denied a license to conduct business in the Cayman Islands and Italy, respectively.

Malaysian regulators have taken action against Binance for illegally operating in the country.

Binance withdrew an application for a license in Singapore after regulators placed the business on the city-Investor state’s Alert List.

Consumers in the United Kingdom have also been warned about the crypto exchange. They came back months later, saying that Binance Markets Limited, the exchange’s UK firm, was unable to be regulated because it failed to furnish the regulator with basic information.

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Opinions

Crypto Adoption is Following a Similar Path to Internet Adoption in the ’90s, Says Wells Fargo

The adoption curve for crypto is thought to be in its early phases, and data from Wells Fargo suggests that it is remarkably similar to the early stages of internet adoption in 1990, providing a peek of how crypto might become a part of everyone’s lives as it becomes widespread.

“The Internet has transformed the computing and communications world like nothing before,” says internetsociety.org in a brief history of the Internet.

What would our society and portfolios look like if crypto is the next revolution, and many industries have already jumped in (financial, music, fashion, gaming, social media, etc.)?

90s Internet Vs Crypto Technology

A survey published by the Wells Fargo Investment Institute compared how individuals began to embrace the internet in 1990 to current bitcoin adoption rates.

According to the financial adviser, both internet and crypto usage started slowly, but because the former “reached an inflection point, and then steeply accelerated,” the crypto business could see a similar increase in the coming years.

According to the paper, “decades transpired between the actual breakthroughs and skyrocketing adoption rates” in the case of various technologies.

Despite the fact that the internet was invented in 1983, just 1% of the world’s population and 14% of Americans used it by 1995. Experts believe these figures are comparable to current cryptocurrency adoption rates.

According to Crypto.com, by 2021, over 3% of the world’s population will have become cryptocurrency users (221 million in June 2021). The most impressive aspect is how quickly the industry reached that percentage, considering that only four months prior, the number of users had been cut in half, to about 100 million.

The time it takes for many users to “figure out what the technology is, what it can accomplish, and how it can benefit them” is a prevalent aspect in how they engage new technologies in their early stages. According to research, crypto newbies in 2021 believed the space was still in its early adoption stage, “since many find the technology intimidating and application cases uncertain.”

The data in the charts below suggests that bitcoin adoption rates are following in the footsteps of “other earlier advanced technologies, particularly the internet.” As a result, crypto may soon reach “an inflection point of hyper-adoption” similar to these other technologies, in which case the upward trend has not slowed.

“For the internet, that point was the mid-to-late 1990s. After a slow start in the early 1990s, internet use surged from 77 million in 1996 to 412 million in 2000. By 2010, worldwide internet use had grown to 1.98 billion, and today it sits at 4.9 billion.”

The graph below compares the rise in crypto users since 2014 with the expansion of internet adoption from 1993 to today. Experts believe that “cryptocurrency use today may even be a little ahead of the mid-to-late 1990s internet,” indicating that “cryptocurrency adoption today may even be a little ahead of the mid-to-late 1990s internet,” indicating that “cryptocurrency adoption today may even be a little ahead of the mid-to-late 1990s internet,” indicating that “cryptocurrency adoption today may soon hit a hyper-inflection point.”

“It often takes many years for consumers to widely adopt new advanced technologies.”

Wells Fargo analysts predict that “cryptocurrencies will eventually follow an accelerated adoption path comparable to other digital breakthroughs,” such as wifi and cell phones. All of these developments are already commonplace in most people’s daily lives.

More investors are predicted to lose their fear of the crypto sector as adoption of this new technology goes into the early majority –and mass adoption–, and value is expected to rise as demand rises.

Furthermore, the lack of a clear regulatory framework for the industry, which drives investors and consumers away, is a significant concern that may hinder adoption. However, because governments cannot continue to look the other way for much longer, clarification is expected to arrive shortly, resulting in an increase in adoption.

Categories
Technology

YouTube launches NFTs so fans can ‘own’ videos

YouTube, the world’s largest video-sharing website, has announced that it will expand into NFTs (Non Fungible Tokens), allowing viewers to “own” producers’ content.

Youtube’s chief product officer, Neal Mohan, recently stated on his blog that Web3 – the next stage of the internet – “opens up new options for creators.”

Furthermore, technology such as “blockchain and NFTs blockchain and NFTs can allow creators to create stronger relationships with their audience,” according to the article.

The technology, according to Mohan, will give “a verifiable way for fans to own unique videos, photos, art, and even experiences from their favorite creators could be a compelling prospect for creators and their audience.” Mr Mohan added that there was “a lot to consider” for YouTube to “approach these new technologies responsibly”.

Given that ownership of NFTs does not automatically transfer copyright, it’s unclear what YouTube means when it implies that producers can own their own videos.

In addition to NFTs, YouTube is introducing additional editing tools and effects for its TikTok-style Shorts, as well as the ability to respond to individual comments by producing a Short.

Producers will be able to create channel guidelines to better control comments on their videos, and collaborative live streaming will be enabled to “open up streams to more casual chat and interactions with other creators.”

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Business

Uber Will ‘Absolutely’ Accept Bitcoin—When It Becomes More ‘Environmentally Friendly’: CEO

According to the CEO of Uber, users will be able to use bitcoin to pay for their rides in the future — however the firm is waiting for a few tweaks before giving the green light.

Dara Khosrowshahi, Uber’s CEO, said the business is “having conversations all the time” about whether or not it should start accepting cryptocurrency as a means of payment.

“Will Uber take cryptocurrency in the future?” “At some point,” Khosrowshahi said in a statement.

Uber has resisted going on the bitcoin bandwagon due to a few major roadblocks, according to the CEO. He brought out the environmental impact of cryptocurrency mining, which consumes a lot of electricity, as well as the high costs of digital asset exchanges.

Given the challenges, Khosrowshahi believes it “isn’t the proper time.”

“As the exchange mechanism becomes less expensive, and becomes more environmentally friendly, I think you will see us lean into crypto a little bit more,” he added.

When contemplating digital assets as a means of payment, some have raised concern about the volatility of cryptocurrencies. Bitcoin was trading at $42,628 on Friday afternoon, a significant drop from its all-time high of $69,000 in November.

Major corporations have been sluggish to accept cryptocurrencies as payment methods, despite the fact that interest in the practice has surged in recent years. In 2014, Microsoft started accepting bitcoin as a means of payment in its online store.

Tesla began accepting Dogecoin, a crypto joke asset, for some products in its online store in January. The company’s founder, Elon Musk, has long promoted bitcoin, Dogecoin, and other cryptocurrencies.

Musk has also encouraged other businesses to follow in his footsteps. Last month, the billionaire stated that if McDonald’s began taking Dogecoin, he would agree to eat a Happy Meal on television.

Categories
Business

Former Domino’s Pizza VP Joins FriesDAO as Advisor

On Wednesday, February 9th, 2022, FriesDAO, a decentralized autonomous organization striving to democratize access to the fast food business, announced the addition of Kory Spiroff, a former president of Domino’s Pizza, to its advisory board.

Spiroff will be assisting FriesDAO in achieving its goal of connecting real-world operations with blockchain-based governance in his new advising role. FriesDAO promises to give the crypto community a stake in the acquisition and expansion of fast food restaurant franchises. As part of the friesDAO restaurant network, it seeks to purchase and establish on-chain and membership utility around popular fast food restaurant franchises, progressively expanding its reach to many enterprises under its unique governance model.

Spiroff has worked in the restaurant industry for over 35 years. In 1985, he started his career delivering pizzas for Domino’s in Burbank, California, and in the early 1990s, he became a franchisee in Hawaii. He eventually sold his stores and went to work for the corporation in Ann Arbor, Michigan. Fast forward to 2003, when he and his family relocated to Europe, eventually becoming the Vice President of EMEA for Domino’s Pizza.

Spiroff was in charge of the company’s strategic operations, marketing, finance, supply chain, and business plan creation in this role. Spiroff went on to work as the Managing Director of Domino’s Germany before joining Alamar Foods Company as the President of QSR. Alamar Foods Company has the master franchise rights to Domino’s and Dunkin’ franchises in the Middle East and North Africa. Spiroff joined the Eat N’ Go Africa Board of Directors in 2013, the company that owns the Domino’s and Cold Stone Creamery Master Franchise rights in Nigeria and Kenya.

In order to realize its goal of bringing blockchain-based governance to the fast food business, FriesDAO will rely on Spiroff’s experience and network to assist it identify and potentially buy franchises of well-known restaurant brands. Spiroff, according to FriesDAO, will bring a wealth of relevant experience in restaurant day-to-day operations as well as mentoring small businesses to the table.

“I’ve been involved with building restaurant businesses all over the world, often having to overcome significant challenges along the way,” he said. “FriesDAO in my mind is an opportunity to explore the next frontier, the next great evolution. I want to be a part of that.” – he said