Non Fungible Tim

[Non Fungible Tim @CryptoSnoes]

@KorProtocol @blackmirror_xp @NianticLabs @pixelynx_io @animocabrands @joinrepublic @solana Intrigued by whats to come

[KOR @KorProtocol]

Global IPs are coming onchain.

✦ Ecosystem: @blackmirror_xp @NianticLabs @pixelynx_io
✦ Backed by: @animocabrands @joinrepublic @solana
✦ $1bn IP partnerships to come onchain, network of 100m+ active users.

Get ready for the reveal.

https://t.co/fBFQTonfCd

[jesse.base.eth @jessepollak]

you can now text 100+ tokens on @base to anyone, anywhere

thanks @CoinbaseWallet for kicking off onchain summer

[DopeOxide @DopeOxide]

The best part about @base is that they’re building towards crypto mass adoption

With Coinbase CEX and their new Smart Wallet they will bring millions of normies on chain

I’m always looking for projects on Base that will benefit from the adoption

And I just found a new one 🧵👇

[Base App @baseapp]

Reminder: Tune in today at 11:30 am PT on X to watch a live Smart Wallet demo hosted by the Coinbase Wallet and @Base teams.

Have a question for the team? Leave it in the comments. https://t.co/ytcVGaCvWE

[MenaceToSociety 🥶 @NFTsAreNice]

Coinbase has been killing it with the marketing lately.

They put up a pizza truck in New York today with $1 slices only payment accepted is USDC.

You love to see it

[OriginTrail @origin_trail]

Making sure any take off is done safely✈️

Enter DMaaST🇪🇺 - an EU funded initiative harnessing @origin_trail to advance the Digital Product Passport🛂for enhanced responsiveness to external & unforeseen events in electronics & aerospace industries!

👉https://t.co/XfNoxkJlrL
1/🧵

[Sophon @Sophon]

You have one opportunity. Share this post.

End of tweet.

[Dakota | 🧠💥 @DSB_117]

Polkadot is evolving into a global supercomputer - and I understand that many people may be wondering: wtf does that mean?

Very simply, imagine a service similar to @awscloud, except instead of running servers, Polkadot is running cores. Cores are trustless server environments that provide & process blockspace for networks & services.

This is a huge deal because it allows Web3 developers, companies, and ecosystems to scale in accordance with the computational power that they demand. In Web2, if you need more power it means you need more servers. In Web3, if you need more power it means you need more cores.

Additionally, these changes reimagine what it means to build in Web3. You can deploy not just an entire chain or deploy a contract, but you can deploy any kind of immutable software that you want to exist & execute in a trustless environment. You could deploy an entire game - one that its players will have peace knowing will never change (unlike the experience that @VitalikButerin had playing WoW).

This means that @Polkadot is positioning itself to become the AWS of Web3 and it’s going to do this by providing the most intuitive yet dynamic experience possible for anyone looking to launch software of any kind that leverages blockchain in any way - serving as a ubiquitous supercomputer for trustless & verifiable computation.

This is a breakthrough for projects like the @InvArchNetwork where we anticipate a need to satisfying the demands of millions of accounts at a time. Some days we may see a few hundred thousand transactions, and other days we may see a few million; one day we will see billions of daily transactions - and the network will need to scale accordingly.

When @hydra_dx is ground-zero for liquidity across the industry with millions of transactions likely to become a regular occurrence, it’ll need to scale. When millions around the world are staking assets from across the industry on @Bifrost for LSTs, it’ll need to scale. When @Picasso_Network is powering IBC everywhere across thousands of chains, it’ll need to scale. When @EnterTheMythos is handling tens of millions of players, it’ll need to scale. If a network grows to success, one thing remains consistent across the board - it’s going to need to scale.

Facilitating a need to scale through L2s would be very resource-intensive, if not impractical - L2s today, L3s tomorrow, L4s & L5s to follow. However with Polkadot, chains like InvArch can continue to accumulate more cores as the demand of the network calls for it. It’s efficient, on-demand, horizontal scaling. It’s scaling made simple.

We can also leverage multiple cores to organize the various blockspace demands of our protocols, separating the resources that contracts on our chain require from the resources that omnichain account calls require - so that any impact to fees can be isolated within each core-system of InvArch.

So, while the terminology may leave some feeling a little confused, the significance of what this all means should be clear. This is more than just the next chapter for Polkadot - this is the next chapter for building #Web3!

[Autism Capital 🧩 @AutismCapital]

Today is Sam Bankman-Fried’s birthday. The same day Bitcoin hit ATHs. And he is stuck in prison. Very poetic.

[BITCOIN BRISTOL #BIP-110 @BitcoinBRS]

@RadarHits Everyone goes through a shitcoin phase before they grok #Bitcoin

[Adam Cochran (adamscochran.eth) @adamscochran]

Imagine thinking Coinbase is slow and lacks vision, when 6 months ago they launched their own L2, and have since then shifted their wallet and commerce products there as well as attestations.

Even startup L2s take longer, and Solana has been in “beta” for 4 years.

Nothing wrong with those timelines.

But let’s be honest, Coinbase has been nothing but fast in pivoting a behemoth business with a built in userbase.

[RYAN SΞAN ADAMS @RyanSAdams]

let's agree in advance, the minute we see a crypto project on the sphere we sell it all

[Alice und Bob @alice_und_bob]

https://t.co/aLhJK968Fk has begun!

We are happy to announce that we have received a grant from the @Web3foundation Decentralized Futures Program.

We will help Polkadot OpenGov grow up and become the most impactful DAO in crypto!

Read on for details👇🧵

[Sergio Mottola @mrsergiomottola]

As the world continues to shift towards digital technologies, it is becoming increasingly important for the music industry to explore new opportunities and ways of doing business. One of the most exciting developments in recent years has been the emergence of web3 and blockchain technology, which has the potential to transform the way we think about music distribution, ownership, and monetization.

At its core, web3 is about building a decentralized internet that empowers users and enables new forms of collaboration and value creation. This is achieved through the use of blockchain technology, which allows for secure, transparent, and tamper-proof transactions without the need for intermediaries.

For the music industry, web3 presents a number of exciting opportunities. First and foremost, it offers a new way to distribute music that is more transparent, efficient, and fair for artists and fans alike. With blockchain technology, artists can release their music as NFTs (non-fungible tokens) that can be bought, sold, and traded on decentralized marketplaces. This means that artists can retain ownership and control over their music while also reaching a global audience without the need for traditional distribution channels.

Beyond distribution, web3 also presents new opportunities for monetization. By leveraging blockchain technology, artists can create new revenue streams through things like smart contracts and decentralized royalties. For example, an artist could create a smart contract that automatically pays them a percentage of the revenue generated from their music every time it is played or sold.

Another key benefit of web3 for the music industry is the potential for greater fan engagement and participation. Through the use of decentralized platforms, fans can become more involved in the creation and distribution of music, from supporting emerging artists to participating in crowdfunding campaigns to curating their own playlists and mixes. This can help to build stronger, more loyal communities around artists and their music, leading to greater success and sustainability in the long run.

In addition to these practical benefits, web3 also has the potential to transform the way we think about music ownership and value. By using blockchain technology to create unique, verifiable digital assets, artists can create a new kind of scarcity and exclusivity that is not possible with traditional streaming services. This can lead to the creation of new forms of cultural capital and social status, as well as new opportunities for branding and marketing.

Of course, there are still many challenges and obstacles to overcome in order to fully realize the potential of web3 for the music industry. There are technical hurdles to overcome, such as developing user-friendly interfaces and ensuring interoperability between different platforms. There are also legal and regulatory challenges to consider, such as ensuring compliance with copyright and licensing laws.

However, despite these challenges, there is no denying the potential of web3 to transform the music industry in profound and exciting ways. By embracing blockchain technology and decentralized platforms, artists and fans alike can create a more equitable and sustainable music ecosystem that benefits everyone involved. Whether you are an artist looking to reach a global audience or a fan looking to support your favorite artists in new and innovative ways, web3 has the potential to revolutionize the way we think about music.

[Yassine Elmandjra @yassine_elman]

Bitcoin hit $50k.

Meanwhile, Google search volumes relative to price are at all time lows.

This is a new era.

[Coinbase 🛡️ @coinbase]

The penny…
$1.2 million worth of them go missing every year.
It costs nearly 3x the value of one just to make one.
And it’s been 167 years since its last update.

Thankfully, crypto can move the penny forward.
Right, Abe?

[Yano 🟪 @JasonYanowitz]

For anyone who wants a peak into the future of consumer, it's here.

Scrolling on Warpcast and I see this "Mint a Penny" frame.

The following flow was the best onchain to offchain experience I've ever had:

1. Click "mint a penny"
2. The frame automatically transitions to "get a hat" because it recognized the new NFT in my wallet
3. Click "get a hat"
4. Coinbase Shop page opens with a $30 hat
5. Page see the NFT in my wallet and the $30 hat turns into a $0.01 hat
6. One click checkout with Shopify

All on mobile. All in less than 30 seconds.

[Donnie @DonnieBigBags]

OK this is the best and most controversial thing that can happen to @Polkadot.

One of the biggest whales @giottodf pushing for a common-good EVM chain with $DOT as the native token (OpenEVM).

I've stayed away from all the OpenGov drama but this new drama magnet I've got to support.

The reality is, right now, we don't actually use $DOT for anything (apart from staking/securing parachain slots). Network participants end up dumping it for L1 tokens of whichever parachain they're using.

Now imagine a treasury-funded common-good EVM parachain on @Polkadot that uses $DOT as the native gas token/Defi pair. The DeFi ecosystem that spawns here could be infused with Polkadot's gigantic treasury and pump the foop out of all of $DOT's on-chain metrics.

The controversy comes as this could be considered as a "rival" to the major generalised EVM parachains. I'd argue that there is still a use case for domain-specific EVM parachains / ecosystems on Polkadot.

"it's much better to have EVM capability as a system chain without issuing an extra token and just use DOT"

Could not agree more, this will make $DOT great again. It would automatically become one of the top layer 1 networks in web3. This can happen very quickly if everyone rallies around it.

LFG.

[Trent McConaghy @trentmc0]

Hype/tech schedule:
1 Bitcoin
2 Blockchain
3 Smart contracts, Decentralization
4 DAO
5 AI DAO
We're just exiting 2.
After 5 will be fun.