Crypto On LYO: The Blend —Dogecoin Jumps Over 30% as Elon Musk Places it as Twitter Logo, UNICEF Initiates Plan for a Prototype DAO, Argentinian Airline Issues Every Ticket as an NFT

What happened in the crypto world in the last week? Let’s see some interesting news together!

Dogecoin Jumps Over 30% As Elon Musk Incorporates Its Logo on Twitter

The value of the cryptocurrency Dogecoin surged over 30% on April 4 after Twitter CEO Elon Musk replaced the blue bird logo on his company’s website with the logo of Shiba Inu, which is the mascot of the digital currency.

The Doge meme logo, which was initially created as a joke in 2013 was observed by Twitter users on the web version of the platform. There was no change on Twitter’s mobile app.

Dogecoin rose to as high as 10.4 US cents from about 7.7 cents after the change. At 8.15am UAE time on Tuesday, Dogecoin had edged back to 9.5 cents.

Doge also began to trend on Twitter.

The shift comes days after Twitter began making changes to its verification system.

UNICEF Initiates Plan for a Prototype DAO

UNICEF, an agency of the United Nations that provides relief and humanitarian aid to children, is testing concepts for a decentralized autonomous organization (DAO).

“Right now, we’re building a DAO prototype to fairly distribute power and communication for a globally distributed digital public good,” said UNICEF blockchain lead Arun Maharajan in an interview last week at Paris Blockchain Week.

Digital public goods (DPGs) are types of open-source software, models and standards that can be used by countries to build digital infrastructure as an alternative to private proprietary solutions.

The early-stage pilot, which is being built on top of the Layer 2 solution Polygon, hopes to enable easier communication between stakeholders of a DPG when discussing possible new features to the project.

Argentinian Airline Issues Every Ticket as an NFT

Argentinian low-cost airline Flybondi is integrating Web3 into its ticketing process by issuing e-tickets as non-fungible tokens (NFT).

The new integration announced Thursday is called Ticket 3.0 and is an expansion of its existing relationship with NFT ticketing company TravelX, which launched in September 2022. The NFT ticketing technology, built on the Algorand blockchain, allows passengers to change their name, transfer or sell their “NFTickets” independently.

Flybondi says the NFT ticket “offers a more flexible travel experience that allows passengers to even buy in advance without having to define their travel plans or who the travellers will be.”

In return, the airline is able to reduce customer service costs and increase its revenue from trading fees.

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