Finimize - 🇯🇵 Two Japanese giants, one mission

Hi Reader, here's what you need to know for March 7th in 3:07 minutes.

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Today's big stories

Sony and Honda are partnering up to make electric vehicles
Our analyst has laid out how you can mint, price, and market your very own NFT collection – Read Now
The US added far more jobs than expected last month

Time Trial

What’s Going On Here?

Japan’s Sony and Honda announced on Friday that they’re partnering up to make electric vehicles (EVs) – and not a moment too soon.

What Does This Mean?

Sony announced plans to push into the EV space back in January, and now it’s found the perfect partner to work with: Honda, the first Japanese carmaker to pledge to phase out traditional cars completely by 2040. The pair have a lot to teach each other: Honda has decades of experience in making and selling vehicles, while Sony’s a global leader in producing entertainment systems and sensors for self-driving cars. Better yet, the PlayStation-maker has been collaborating with TSMC to build a new chipmaking plant in Japan, which suggests sourcing parts for the chip-heavy machines won’t be an issue.

Why Should I Care?

The bigger picture: Better late than never.
You won’t be able to get your hands on one of these electric masterpieces for a while, mind you: they won’t be hitting car lots till 2025. Honda and Sony will no doubt be itching to join the party by then, given that this year alone could see a rush for EVs as prices at the gas pump continue to rise. The oil price hit an eight-year high of $111 last week, after all, and JPMorgan reckons it could hit $185 a barrel by the end of the year if Russian supply disruptions continue.

Zooming out: Sustainable debt.
EVs aren’t cheap to develop, which might be why Honda announced on Friday that it sold $2.8 billion worth of green bonds – those used to fund environmental initiatives – to help finance the push (tweet this). It’s not the only one: Ford issued a record $2.5 billion worth of green bonds in November, in hopes of funding its own electrically powered expansion. In fact, sales of green bonds hit a record $513 billion last year, and analysts are expecting that figure to hit as much as $1 trillion in 2022.

You might also like: Why Russia’s invasion could be a turning point for clean energy stocks.

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Analyst Take

I Just Minted My Very First NFT. Here’s What I Learned.

Reda, Analyst

What’s Going On Here?

Never let it be said that I’m not a doting uncle.

Because what started off as a joke – telling my 12-year-old niece I’d convert her prize-winning artwork into an NFT – turned into a mini project over the course of last week.

The first step involved choosing an NFT marketplace, based on the commission I’d have to pay, the blockchain it was running on, and more.

Plus, I obviously had to mint, price, and market my NFT – the latter of which involved pestering my Finimize colleagues on Slack.

The whole thing taught me a lot about how exactly to mint an NFT, and what pitfalls and opportunities to look out for along the way.

So I thought I’d share what I learned with you: a step-by-step guide of how to mint, price, and market your own NFT.

Read or listen to the Insight here

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