Blockademy

We share insights on the #Blockchain technology to help you make informed career and investment decisions with knowledge, not hype.

[LUKΞ 🇹🇼💙⭕️ @LukeJHLu]

In addition to NFTs, I also find the Web3 technology of Oracles pretty promising.

NFTs are on-chain tokens that represent something valuable in the real world, while the Blockchain Oracles are the Bridge between Web3 and Real-World.

Oracle is the key area that unlocks the power of smart contracts. Without this, the benefits of blockchains such as immutability, reliability can not be applied to solve our real world problems.

Oracles are a mechanism that bring in the real-world information such as:
a/ Prices of real-world assets
b/ Weather information
c/ IoT sensors

to feed their corresponding on-chain applications:
a/ DeFi
b/ Insurance
c/ Supply chain contracts

This mediating part bridges the two worlds so the smart contract functions can be applied to solve real-world problems.

[LUKΞ 🇹🇼💙⭕️ @LukeJHLu]

I always go for fundamentally great assets that I’m sure will perform well long term, instead of shiny new alternatives that ‘might’ 100x next month.

It’s easier for me as I can just invest and wait for years. This gives me relief so I can enjoy everything else in life.

With this principle, I chose $BTC, $ETH $LINK for crypto currencies, and @veve_official for NFTs.

[LUKΞ 🇹🇼💙⭕️ @LukeJHLu]

ETH, and thus the Ethereum ecosystem including NFTs, has been under performing relative to BTC but this will change when the interest rate starts to decrease, making the yield from staking ETH much more attractive to institutional investors.

[LUKΞ 🇹🇼💙⭕️ @LukeJHLu]

Innovation like this is great for the crypto industry.

We need to onboard more users, not just investors. We need more people to use crypto for its convenience and value, not just because of hype.

This means more adoption of @coinbase wallet, a gateway to more applications.

This probably also means higher market cap of $USDC for transaction.

Long term, if this successfully onboards more users, this will mean growth of crypto as a whole.

[LUKΞ 🇹🇼💙⭕️ @LukeJHLu]

Tokenization is the frontier where TradFi institutions are adopting Blockchain technology. Some projects and NFTs will benefit from this application.

I’ll cover:
A) Why it's significant
B) Web3 areas benefiting the most
C) The benefits it brings

Let's start with A) Why:

[LUKΞ 🇹🇼💙⭕️ @LukeJHLu]

#NFTs are not only about collectibles - The narrative of Tokenizing Real-World Assets (#RWA) has been popping, and these tokens can be NFTs too.

What's RWA tokenization:
1/ Ownership of the real-world asset becomes a ‘token’ on the blockchain
2/ Tokens can be fungible, namely crypto currencies, or non-fungible, namely NFTs.
3/ On-chain tokens enjoy the benefits that the chain they are based on offer
4/ On Ethereum layer 2 solutions such as @optimismFND @arbitrum @BuildOnBase, tokens can be traded in a faster, cheaper way, in contrary to the traditional security exchanges.

Yes, NFT as a technology is here to stay, and to thrive.

[LUKΞ 🇹🇼💙⭕️ @LukeJHLu]

Thanks to the combination of #Web3 and Web2, we are able to store value and transfer it through space and time, independent from variables in the physical world.

Gold may last through time but inconvenient to travel across space. In contrast, it’s easy to transfer $BTC across the planet and BTC also last through time.

Physical collectibles and paper documents can decay as time goes by but #NFTs (digital collectibles, business certificates, and tokenized assets) live much longer in much better shape.

It sounds a bit like sci-fi, doesn’t it?

[Blockademy @Blockademy_pro]

Thanks to the combination of #Web3 and Web2, we are able to store value and transfer it through space and time, independent from variables in the physical world.

Gold may last through time but inconvenient to travel across space. In contrast, it’s easy to transfer $BTC across the planet and BTC also last through time.

Physical collectibles and paper documents can decay as time goes by but #NFTs (digital collectibles, business certificates, and tokenized assets) live much longer in much better shape.

It sounds a bit like sci-fi, doesn’t it?

[LUKΞ 🇹🇼💙⭕️ @LukeJHLu]

The next big #Web3 projects are being built right now, but so are those projects that will fail.

How to tell the winners from the rest?

1/ Look for projects with a clear problem-solution fit

2/ Check the fundamentals: the blockchain and the tech it’s using

3/ Find the project with a team dedicated to the long game (or no identifiable team at all)

My picks:

- Store of value: #Bitcoin
- Smart contract protocol: @ethereum
- NFTs: @veve_official, @hro, @DCNFTOfficial, @ParallelTCG
- Blockchain Oracle: @chainlink

What’s yours?

[LUKΞ 🇹🇼💙⭕️ @LukeJHLu]

To identify promising #Web3 projects, we need to form a perspective in assessing projects by learning the fundamentals.

Fundamentals play the long game.

Learning the types of blockchains is a good start as you can efficiently evaluate the value of a project and position it correctly in the right niche.

Here are the 5 major types:

1. Layer 1 Main Chains
2. Side Chains
3. Layer 2 Scaling Solutions
4. AppChains (or Layer 3s)
5. Private Chains

1/ Layer 1 Main Chains

The base layer blockchains that support Layer 2 chains, side chains, and app chains. They are responsible for processing and validating transactions, and for maintaining the security of the network.

Popular L1s: @ethereum #Bitcoin

2/ Side chains:

Independent chains that are connected to a main chain by a two-way bridge. This allows users to transfer assets between the side chain and the main chain. They usually feature benefits such as faster and cheaper transactions, but they may not share the same level of security of the main chain it connects with.

Noticeable side chain: @Polygon

3/ Layer 2 - Scaling Solutions

Built on top of Layer 1, they scale the base chains and reduce transaction fees while still featuring the security that layer 1 offers. They use a variety of techniques to achieve this, such as state channels and rollups.

Popular L2s: @arbitrum @optimismFND and Lightning Network of Bitcoin

4/ App chains:

App chains are specialized blockchains designed to run a specific application. They are often used by businesses to build their own private blockchains.

Popular AppChains: @cosmos Zones

5/ Private blockchains:

Private blockchains are blockchains that are owned and controlled by a single entity or group of entities. They are often used by businesses to improve their efficiency and security.

Noticeable private chain: @Hyperledger Fabric.

[LUKΞ 🇹🇼💙⭕️ @LukeJHLu]

The recent developments in #crypto regulation are actually bullish for both crypto and governments.

Crypto as a whole gains more trust from mainstream users when @coinbase @binance survive scrutiny and come out of it stronger.

Governments get to understand the industry and can utilize the transparency crypto offers to strike on money laundering and sanctions.

The technology is on the right track leading to mass adoption.

[LUKΞ 🇹🇼💙⭕️ @LukeJHLu]

What makes an NFT valuable?

Everyone can issue #NFTs, but if an NFT has none of the traits below, it may struggle to retain the value.

- Proof of ownership to assets
- A collectible itself
- Utility e.g. access to exclusive content or experiences.

Merely being an NFT doesn’t grant it values. It’s about the things the token represents.

[Blockademy @Blockademy_pro]

Following @BlackRock, @Fidelity filed for an $ETH ETF too.

When these launch, we will see direct inflows of money boosting the #crypto ecosystem: #DeFi, #NFTs, #Tokenization, #L2, … etc.

Basically the whole ecosystem.

@veve_official @chainlink @aave @Uniswap @BuildOnBase

[Blockademy @Blockademy_pro]

@BITVOLT7 Agreed. Improvements like Account Abstraction can make it more user-friendly.

[Blockademy @Blockademy_pro]

Following @BlackRock, @Fidelity filed for an $ETH ETF too.

When these launch, we will see direct inflows of money boosting the #crypto ecosystem: #DeFi, #NFTs, #Tokenization, #L2, … etc.

Basically the whole ecosystem.

@veve_official @chainlink @aave @Uniswap @BuildOnBase

[Altcoin Daily @AltcoinDaily]

BREAKING: FIDELITY just filed for an ETHEREUM ETF.

THIS is BULLISH for $ETH 🔥

[Blockademy @Blockademy_pro]

@BuyMoreLink Bull market yet to come. More time to prepare.

[Blockademy @Blockademy_pro]

Like we said, expect more volatility until the #bitcoin halving in April 2024.

It’s all programmed. That’s the beauty of #crypto.

Take the advantage of this and set your accumulation plan aligned with this timeframe.

[Blockademy @Blockademy_pro]

Like we said, expect more volatility until the #bitcoin halving in April 2024.

It’s all programmed. That’s the beauty of #crypto.

Take the advantage of this and set your accumulation plan aligned with this timeframe.

[Blockademy @Blockademy_pro]

Think you’ve missed the train of bull run?

Don’t worry, it’s still far from the real bull run.

In fact, we may see a few tracebacks next few months. Until #Bitcoin halving in April 2024, we can’t be sure if we are in a bull market. When we do, and if this halving coincides with the FED easing (rate cuts and/or balance sheet expands), it will be a huge one.

Look for local lows to accumulate, and be patient.

[Blockademy @Blockademy_pro]

#Bitcoin hash rates keep hitting record highs. Why is this important?

This is significant because the higher the total hash rates a PoW blockchain performs, the more secure it is.

What does hash rates actually mean?👇🏽

[Blockademy @Blockademy_pro]

To conclude, the higher the hash rates, the more costly it is to attack it. This fact makes #Bitcoin the most secure PoW blockchain and it’s becoming ever more so as more miners join the network.

[Blockademy @Blockademy_pro]

#Bitcoin hash rates keep hitting record highs. Why is this important?

This is significant because the higher the total hash rates a PoW blockchain performs, the more secure it is.

What does hash rates actually mean?👇🏽

[Blockademy @Blockademy_pro]

This estimate is assuming the attacker could acquire the existing computing power without adding additional hardware. In reality, if one were to do it, it probably takes more because the extra computing power adds to the total and makes it harder to achieve 51%.