Web3 allows for the creation of new models that scale, incentivise and govern in a way that creates value for all stakeholders. One expression = @modusdapp
Just about anything can be tokenized and brought onchain:
Currencies
💴💶💷💵
Collectibles
🎟️🎻🏎️📷🕹️
Commodities
🪵⛽️☕️🥩🍊🌾
Luxury goods
👠👟👑👜💍🖼️⌚
Explore asset tokenization: https://t.co/ucv1ZEnQGf
Imagine if your house was tokenized as a dNFT that automatically updates its maintenance history and past sales onchain.
The future of real estate: https://t.co/wY6SiyoTPu
Just like key standards such as TCP/IP remade a fragmented early internet into the single global internet we all know and use today, we are making CCIP to connect the fragmented public blockchain landscape and the growing bank chain ecosystem into a single Internet of Contracts.
Having a single way to use all smart contracts and transmit all value between them will be a critical building block for a blockchain powered society.
I devoured this new book on Steve Jobs
The episode is now available in your podcast app!
In the episode you’ll learn what Steve had in common with other great entrepreneurs like:
-Edwin Land
-Jeff Bezos
-Dee Hock
-Yvon Chouinard
-Ed Catmull
-Michael Jordan
-Bob Noyce
-Andy Grove
-Anthony Bourdain
Some of my favorite ideas from the book:
-Imagine what reality lacks and then go make it
-Put *a lot* of thought into how you spend your fleeting time
-Tell the truth
-Technology should enhance human creativity
-All great things have a shared ingredient: Time
-Businesses that last are built slowly and carefully
-Great can come from anywhere: Great ideas will not map directly on the hierarchy of your company
-Make your avocation your vocation
-Hard work makes up for a lot. So does passion and enthusiasm
-It’s a circus world and you never know what’s around the next corner
-All glory is fleeting
And finally Steve’s favorite quote:
“We are what we repeatedly do. Excellence, then, is not an act, but a habit.”
I hope you enjoy the podcast and read the book (both are free 😁)
COMPARISON TIME TO FINALITY OF POPULAR BLOCKCHAINS
🔹It can be seen that @Injective_ is currently the fastest #TTF blockchain with instant processing speed, faster than any current popular blockchain
🔹Check it out👇
#Injective $INJ #Cosmos@ericinjective
@CoinMarketCap Freedom & Hope. Freedom from centralised authoritarianism, banks and other middlemen. Hope for the future of our world. Decentralisation, self-custody, transparency and new models that bring value to whole communities. One expression = @modusdapp
@0xsachi@sandeepnailwal@0xPolygon We're building something unique and consumer-based so I thought I'd reach out! Modus opens the door to institutional grade property development opportunities for all. We have solid legals and are 5 weeks away from Alpha Testing. Can I send over our deck for review?
@0xsachi@0xPolygon@0xsachi, we're building something unique and consumer-based so I thought I'd reach out! Modus opens the door to institutional grade property development opportunities for all. We have solid legals and are 5 weeks away from Alpha Testing. Can I send over our deck for review?
The $ARB airdrop made users 6+ figures.
The recent launch of @zksync Era Mainnet is drawing excitement for the next big airdrop!
Here's 8 projects to interact with to maximize your chances of a $ZKS airdrop. 🧵👇
1/22
Security is Polygon Labs’ highest priority. With Polygon #zkEVM Mainnet Beta coming soon, it’s crucial the Ethereum community understands the guardrails that will be in place.
Read about Polygon zkEVM Mainnet Beta’s two-stage approach to security here:
https://t.co/YjDe8HyY2h
"No one defines all the work up front. Instead we define the direction, the purpose, the reason, and a few specific "must haves" up front. The rest—all the rest, which is mostly everything—is determined during the project, by the people on the project." https://t.co/J3q4fmoHBb
"I still can't believe that this is the protest that would prove every Bitcoin crank a prophet. And for me to have to slice a piece of humble pie, and admit that I was wrong on crypto's fundamental necessity in Western democracies." https://t.co/9smNKyabm0
CosmosGPT challenge
I gave Chat GPT-4 a budget of $1999 with the goal of earning $100,000 investing in Cosmos Ecosystem assets.
Will I make it or get rekt? Let's find out.
(Day 1) 👇🧵 1/x
Yeah man crypto is the future, let me bring you up to speed
First, TerraUSD collapsed, a massive Ponzi scheme where investors were promised 20% APR on their USD ($20B in UST and $40B in LUNA wiped out)
This caused the largest crypto hedge fund to go insolvent due to excessive leverage, 3AC ($3B AUM wiped out)
3AC borrowed funds from all the largest crypto lenders, each of who went insolvent after bank runs inevitably occurred, causing a market wide credit crunch
Celsius ($12B AUM, $1.2B deficit), Voyager ($1.6B AUM, ~$670M default), BlockFi ($3.9B AUM, $400M revolving credit)
Voyager and BlockFi were bailed out by FTX/Alameda, but ah turns out they were complete fraud too
With $10B of customer funds siphoned from FTX to cover Alameda’s losses, a bank run took place, creating a second contagion wave, leaving Voyager/BlockFi rekt again
Genesis Lending, under the DCG conglomerate, also went bankrupt due to Alameda/FTX exposure ($3B shortfall)
Gemini was lending $900M in customer funds to Genesis, so they and their customers inevitably got wrapped in the mess too
No doubt TradFi is involved in this too, with the collapse of two banks that were key banking partners for crypto
Silvergate (FTX’s banking partner and ran an payment network for crypto exchanges) experienced a bank run and collapsed after losing $1B on bonds
While SVB (Circle’s banking partner for USDC and most tech startups) experienced a bank run and collapsed after losing $1.8B on bonds
Not looking too good for Signature Bank either, which runs the ‘other’ bank payment network for crypto exchanges
Can’t forget the SEC trying to strongarm the industry from shutting down Kraken’s staking product to calling Paxos’ stablecoins a security and shutting down BUSD, and much more
Various banking regulators also strongarming banks into refusing to onboard crypto companies as clients, forcing them overseas and to use sketchy counterparts
Anyways
Have you heard of liquid staking derivatives and re-staking? Pretty cool financial engineering right there, crypto innovation never stops 💪
Ultimately, centralized crypto institutions are not going away
But there needs to be greater transparency with proof of reserves/solvency and greater user control via non-custodial designs with central trade execution
With on-chain finance, we need to focus more on real world utility like RWAs and move away from the recursive money rotation games that inevitably result in pain
Crypto remains the future but we have to learn from history and not make the same mistakes
Stablecoins are essentially tokenized money market funds with a 100% expense ratio
I mean quite literally, $USDC is wrapped $USDXX with a cash buffer, a BlackRock product created with Circle investing in short dated USTs
https://t.co/nOYlq0PuCa
#Bitcoin will certainly hit $100k!
The dip from the halving in 2024 is expected to be $100k, let that sink in.
It’s not just an asset, it’s the future.
Nearly 3 million UK & EEA Revolut customers have collected tokens by completing a Polkadot Learn & Earn course.
The popular banking app has chosen Polkadot to offer European customers a new bonus Learn & Earn course on staking!