Plus, Russia may sell its oil and gas for bitcoin
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 A group of crypto enthusiasts bought a 1.1-square-mile private island called Vanuatu — to be renamed Satoshi Island. Over 50,000 people have applied to live there so far. Here's why: - No capital gains tax;
- No withholding tax;
- No death tax;
- Not to mention you get to live on a tropical island with like-minded people.
More: - Parcels on Satoshi Island will be sold as NFTs.
- The island is between Australia and Fiji.
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Meta has filed for eight trademark applications for its logo. Six of these applications explicitly refer to cryptocurrency and blockchain technology. More: - The major tie-in comes from Mark Zuckerberg's announcement of Instagram's and Facebook's upcoming NFT integration.
- Meta's trademarks broadly include any crypto tokens.
- NFTs fall under those trademarks.
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Russia may start selling its oil and gas for bitcoin amid western sanctions. Russia wants to move away from settling transactions in a currency that is at greater risk of sanctioning like the euro. - With friendly countries like China and Turkey, Russia now wishes to settle the transactions in the buyer's currency or in bitcoin.
- With the unfriendly EU, Russia prefers to use rubles or bitcoin as the settlement currency.
- The U.S. already has banned imports of Russian oil.
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Web3 salaries have soared to as high as $900,000 as companies compete for the best talent. Much of the compensation comes from token incentives; nevertheless, they are still 2-5X as high as traditional silicon valley software jobs. Examples: - A senior Solidity dev from lending protocol Silo Finance reported a salary ranging from $300,000-$750,000.
- For the $750,000 job, $300,000 is the base salary with $450,000 coming in tokens.
- Olympus DAO fork TempleDAO posted a job ranging from $300,000-$900,000.
- OpenSea competitor LooksRare offered compensation packages reaching $600,000.
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Web3 Tweet: ETH is like NYC in the 1800s, and on-chain NFTs are like Central Park. 
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 |  | Trevor Grant is an entrepreneur, investor, and writer based out of Chicago, Illinois. His primary area of interest is web3 venture capital, social tokens, and infrastructure. Other pursuits include screenwriting, yoga, and traveling. He holds a BS in biomedical engineering. Connect with him on Twitter @trevorisonline |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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