Rollup: a16z State of Crypto, Solana NFTs and the Ronaldo Binance lawsuit

Transcript

GM GM welcome to web 3 Academy your one trusted source to capitalize on the next big phase of the internet don't get caught in the hype cycle I'm jird joined by my co-host K rehead and we believe that Solana is going to change the world that's why we're carving a path for doers to confidently build and invest in web 3 you just pissed off a lot of Maxis in this space the ogs are not happy with you right now but salana nfts are ripping it's aird drop in salana that ecosystem is just going off we're going to cover a bunch of what's happening there but first we'll talk about the a16z state of crypto report we did a whole podcast on it last year this year we're just going to review a few slides

Ronaldo is being sued for a billion dollars for being involved in bance obviously we'll talk about that and what's going on there we'll do a bit of a market watch it's going to be shorter because during the market watch I'm actually going to announce a whole new piece of podcast content that we are coming out with that we hope you are all going to like but please let us know in the comments if you're on YouTube and in the the questionnaire if you're on Spotify we're going to talk a little bit about magic Ed it and some cross chain cross chain wallet that they're launching some bankless da and bankless drama and so much more it's gonna be a great episode so let's do it let's do it I'm stoked before we jump in let's just take a minute take a deep breath share some gratitude Kai what are you grateful

for today uh I am grateful for a new tattoo that I've got I got it yesterday well I guess two days go on Tuesday and it is right here on my bicep it's still a little bit tender and red but it says keep smiling blue eyes which is the quote that's on my sister's gravestone I've been wanting a tasso for her like in memory of her for 20 years now and I could not figure out what to do and finally it came to me and I was like I'm just gonna go do that this is perfect and so got it done and I'm super poped nice I love that bro I'm for Canadian medical system my dad had a heart attack this summer and yesterday he had to go in for heart surgery he had a quint bypass five veins

bypass yeah which is serious is the most that they'll do and he's now in recovery going to see him later today so very grateful to all the doctors and all the medical professionals they're able to help him out help him out with his heart and hopefully get him back on his feet and back to full health soon well it's great to hear your dad is okay but wow five that's wild yeah it's no joke all right before we jump into market watch a quick very exciting announcement next Tuesday December 5th at 12:00 pm Eastern we are having an event in our Discord that is open to everybody this is our eyes on chain event in the past this has only been open to Pro members but we

really want to make sure that you are ready for this coming bull market or the bull market that we're already in but there is a lot more to come we are so so so early so this event is going to be the five tips that we have for you as an investor take advantage of the coming bull market everything you need to know to make sure you're prepped and prepared so you're going to want to be at this event if you're not in our Discord already link is in the show notes to join our Discord and we will see you there Tuesday December 5th 12: PM Eastern see you there guys can't wait for this one all right before we get into the market watch let's take a quick second to hear from our sponsors modern newsletters are built bu on paragraph that's right paragraph is a brand new

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board and have already moved our content over to paragraph We believe this is the future of newsletters because of the profound engagement it creates between creators and fans so whether you're a Creator writer or an Avid Reader it's time to check out paragraph and capitalize on the opportunity of being early welcome back all right Kai as we've been doing for the past few months let's start off with a look at what's going on in the markets this past week yes so been a um choppy kind of slow week in markets uh this past week up on the screen here I've got the price charts for Bitcoin Ethan Soul um Bitcoin down 86% this week uh or sorry today and

on the week it's up 0. 29% so not much going on there just kind of choppy eth same thing it's up .3% but down 1.36 on the week so really not much going on there and salana same thing down 0.003% on the day and up almost 3% on the week as salana typically does H but overall I mean not much happening in markets to be expected I think a couple weeks ago I went over kind of the up and downs that happen we've had an unbelievable March upwards especially in salana which is up you know what 178% last 6 months 70% in the last month sometimes we got to take a breather we got to relax figure out do we want to go up a lot more do we want to just chill out or was this a fake out

and we're actually going to go back down I think right now we're just taking a a breather which is needed and soon I think we will move upwards there's been a lot of talk around the ETFs the SEC is still working with a lot of the companies having meetings ongoing meetings they're continuing to refile which is all like really really good it shows they're making progress so we still have a 90% chance of these ETFs getting approved by January 10th I believe is the date and so obviously that's what we're kind of all waiting for still now all that said one thing that did happen over this last week is coinbase coinbase has had just an absolute Mega week reaching up to $128 I think it was yesterday it started to come back down a little bit today

which is again once again needed and necessary but it has had just a mega mega last couple weeks coinbase we had talked about a little bit we actually had been writing a pro report that wasn't supposed to come out until mid December but we were just kind of planning it ahead of time and coinbase ripped so hard that we're like we need to get this thing out ASAP so it went out today or yes like on Thursday to all of our Pro members breaking down the economics of coinbase some of the technical analysis stuff and just try to look at like his coinbase a good investment we had put in the Pro report back in I think it was July that coinbase is a great investment and it was under 60 bucks I thankfully and luckily bought the very bottom almost at 37 earlier this year and now we're

sitting at $122 but this is a really good sign people don't really get coinbase in the trafi world and I think it's one of the most important companies there is if you're a pro member make sure you read that report if you're not go check that out go become a pro because it's really really good but coinbase is sending a signal just say hey you know this industry is not dead we are back and coinbase is a legit you know company there's binance there's all these other ones that are having their struggles but coinbase is here to stay and they have a chart pattern here that I have up on the screen which is what's called an inverse Head and Shoulders you think of it like Head and Shoulders if this was flipped the other way you would have the middle here which is like your head and then

you have the shoulders here on the sides and then that blue line you have is like the neckline you would call that and typically this is like a very either bullish if it's inverse and then bearish if it's you know if it's normal but since this is an inverse Head and Shoulders that's been going on since May May of 2022 so like a year and a half long chart pattern these generally mean big big moves and coinbase just broke out now it looks like it's coming back down it's probably going to hit this line and then I would bet it takes off there is no resistance on coinbase until $200 The Head and Shoulders if you measure the line also goes up to about $200 so like there's a lot of thing pointing a lot of things pointing to coinbase is about to explode even though

I mean it already has kind of exploded but just wanted to highlight that because I think that that's this is really good news for the space to see coinbase doing well we can't have another change go down or do bad so a lot of bullish things going on in the coinbase world and then if we just flip over to macro real quick and then I'll wrap up here on market watch the Dixie was doing everything we wanted Dixie is the US dollar I've been talking about it every week it basically goes down about a buck which is really nice or sorry one point and it was down to 102.5 which was really nice the last two days and just before we jumped on this podcast recording here it spiked up to 103.3 doesn't really matter I mean it doesn't go straight down just like when

crypto goes up it doesn't go straight up this is all normal I expect the trend to continue downwards again when this goes down it means it's a good chance that risk assets are going to go up as you can see the dollar spiked today right hugely and so what if we look on the side here most of our assets they're in the red right it's very very very correlated so that's probably the main reason why you're seeing that ndaq down a lot of tech stocks down crypto down a little bit nothing's down big so it's not like a big thing like no one really cares um but if you're trying to figure out what happened why in the red that's likely your answer the final thing to note here is this this is just a beautiful beautiful chart this is the liquidity chart now what this chart is

showing is the rate of change in liquidity across the biggest nations in the world so we have the FED we have the Bank of China we have the bank of Japan we have the European bank and we have the bank of England okay and basically we're looking at the rate of change of its liquidity meaning how much money they're printing or not printing and actually moving out of the system in overtime and we see obviously we had that massive massive stimulus and money printing from covid that went down at basically the end of 2021 which marked the top of crypto and tech stocks as well and it's just been down down down and down for the last two years almost now in October of 2022 is when it sort of flipped and started to go upwards

still the negative meaning we're not printing a ton of money but we are printing less and less or sorry uh not printing High interest rates and like basically getting money out of the system we're doing less and less of that quantitative tightening and we're just about at the point now where we are going net positive in terms of actually quantitative easing in printing money so if you look here you can see the bank of Japan is already in positive for printing money and you can see that the FED is already there so the US it's still Europe is lagging a little bit and some others but this is likely just go completely up and why does this matter look at this chart right here so this is your chart of liquidity here here is the chart of the last couple years of fed liquidity with ethereum look at that

it's almost identical it is literally identical since 2021 since the Top If You just follow liquidity you would know the not exact prices but you would know pretty much the exact prices of ethereum this is very close with Bitcoin as well and others you can just tell how correlated liquidity coming into our world not just the us but our world is with uh ethereum and so I'm going to do a couple Pro reports in the coming a month or two as well as a bunch of other things so again I just think this is the key thing that we're looking at and this is why macro matters so much when you're looking at things like inflation and unemployment and the dollar really what we're trying to figure out here is liquidity because liquidity is what tells us if assets are going to go up and down so that's that now I know I I

do my best to explain this stuff this market watch stuff in the beginning of our rollups every every week but I don't have a lot of time because we got a lot of news to go over and we're getting more and more news every week which is great great this is really good for for the web3 space the crypto world problem is I don't have enough to really go in and explain what this all means and how you should action it I do my best in Pro reports to go really in depth but I only get about 15 minutes and then Jay gets mad at me when I talk markets here in in in the rollup and so what we've decided is we are going to launch a brand new episode in the web3 academy podcast the name we still don't know exactly but it's going to be called market watch for

now until we figure out another name if you guys got any ideas please let us know we thought maybe Market pulse Jay didn't like that one I was okay with it anyway this new episode will be it'll actually be on Wednesdays the doer is going to move to Tuesdays so the doer will be the same as always we're looking to find all the best applications being built in this space we want to talk to the founders and understand you know why onchain that's going to remain that'll be on Tuesdays on Wednesday on the podcast we'll now have market watch which is going to be breaking down what's happening in markets where should we be putting our investments it'll be technical analysis it'll be macroanalysis it'll be breaking down specific assets tokenomics Etc it's be a lot of fun stuff very timely so it's supposed to be what's happening that

week but it'll be mainly me although probably starting in the New Year I'll start to bring on other analysts as well and interview them so this will be your sort of pulse on what's happening in the markets on Wednesdays and then Tuesday will be your pulse like what's happening in terms of building and Innovation Jay will be leading those I will be leading market watch the rollup will remain the same on Fridays as per usual and yeah I think that's about it hopefully this is something you guys want we have been asking a lot of last few weeks and it sounds like you guys want more market watch stuff so again let me know if this is something that you guys want you can put in the comments in YouTube or on Spotify you can comment in there and let us know if this is something that you're

excited for I'm excited I'm very excited we're at the time right now where there's a lot happening there's a lot of fomo there's a lot of narratives of different people trying to grab your attention you know crypto is an attention game and you got to know what to pay attention to what not to pay attention to it it's tough very difficult at this time and it's only going to get more difficult as the bull market continues and all these charts that Kai just showed us are trending in the direction of there being it being harder and harder to stay on top of your Investments and so yeah having a show that is dedicated to towards that I I'll

be your number one fan Kai a thanks Jay I appreciate that right behind my mom what's up S shout and again make sure you attend the event on Tuesday because that's going to set a good foundation for the rest of these for these shows that are going to come out every week but I think those tips are going to give you a good foundation and framework and then from there every week I'm going to be diving into topics that are going to help you navigate this cycle so should be a good time amazing well with that let's shift into the news of the week first up a16z or a16z depending upon whether you're Canadian or American how you say it released a short version an Abridged version of their state of crypto report

they've done this a few times over the past few years and they decided to do a spotlight on policy which I think is very important A6 obviously in the US most of their Investments are within the US so they recognize the need to help guide policy makers they actually said they had a great sort of opening line here said the internet is one of the most important Innovations and engines of progress in human history yet it is failing the people who rely on it most consumers creators developers and small businesses control over decisions data and more is Consolidated among a handful of big platforms which unilaterally make decisions on behalf of users change the rules suddenly on Builders extract prohibited fees from creators exercise

exerise outsize outsize control over consumer data and more these are all the problems that we've talked about in the space but a6z wants to help people understand these problems and policy makers understand so they can make smarter decisions so we're not going to go through this whole report you can go check it out if you want on their website it's a long slideshow but we're just going to bring up a few things so if you don't have the time to read the full report we'll let you know what you need to know first just want to talk about a couple crypto myths that they talk about in this report one is that crypto is only used by criminals if you're talking to your uncle or your aunt over the holidays and they're busting your balls about crypto and how it's only used by criminals well they're

wrong only 24% of crypto transactions have been used for elicit purposes in the last year now is that an exact stat probably not difficult to know exactly but directionally it very clearly shows that this industry is not used by criminals so let's drop that myth second crypto is bad for the environment there's another common thing people love to say oh crypto's so bad for the environment but you know what they're wrong now Bitcoin sure Bitcoin still has some work to to do in order to improve their their impact on the environment but they're far from being the worst impact on the environment I've got a

chart up here on screen that estimates the annual energy consumption byproduct in industry and the banking system is by far the largest annual energy consumer and it's wa it is 92,000 times an energy consumer what ethereum is gold mining is 50,000 times Google 73,000 7,300 times Netflix 176 times so ethereum is really not bad for the environment let's all make sure we squash that myth it's good Bitcoin yes still has some work to do but yeah not to stake but I think the key thing to

highlight here is like the banking system isn't progressing renewable energy whereas that's what Bitcoin is really doing Bitcoin may use a lot of energy but over 50% of it now of that energy that they're using is actually renewable energy so it's not doesn't it's not bad at all for the world whereas I don't think the banking system is that or I don't think gold mining is that by any means I don't think there's any gold miners out there that are like using EVS or using wind technology or whatever whereas Bitcoin has you know created this this Innovation cycle basically for the renewable space where wherever there is leaking energy from mines from oil rigs from like whever volcanoes they go and you set up mining rigs there and then it's free energy and it's incentivized to that because it's

the only way to make this stuff profitable so the more Renewables they can find to power their Bitcoin miners the more profit they make right and so it makes complete sense and so the industry is quickly going that way which I think is really good and it's innovating for other Industries as well so it's doing actually a lot of good for the energy space and I think people just can't wrap their heads around that because when you look at this chart that you have up there Jay it's a big number right massive number it's right behind baking system in global data centers but there's more behind the the curtains now you make a good point that the there's two main takeaways here one is the proof of work blockchains are innovating and trying to figure out and trending in the direction of figuring out how to reduce

their energy consumption and then at the same time most new blockchains and most existing blockchains that are being used in big ways are prove of sake now so they're all using much less energy just use it a laptop well in ethereum's case let's keep moving through this report so some other things that are worth mentioning here one is that there are over 40 million Americans that own crypto and that's growing so I would say that that that's about somewhere between 16 to 20% of Americans that own crypto so that's still a very small number like let's just recognize that for a second only 16 to 20% of Americans own crypto that means that there is a huge

opportunity for more Americans to come into the space now obviously no surprise the regulations in in the US and the fear around all the possible regulations have led not a lot of new entrance to comeing into space but at the same time what we also see is despite the fact that we've been going through this bare market and the total crypto market cap has gone down immensely from its highs we still see an increase in the use of blockchain so I've got a chart up here which shows that every year for the F past four years from 2020 we are doubl digigit percent growth every year in the number

of active blockchain users so even through the bare Market when liquidity went down when crypto market cap went down we still had more active users that companies blew up literally still continue up now just looking at these numbers for those that can't see in 2020 we had a growth of 135% in 2021 108% then in 2022 which is when everything blew up 20 % growth still 2023 the year after everything blew up where prices still didn't go up well up 14% that is actually unbelievable and the first time that's ever happened in the bar Market you can even see on the chart the last bar Market we went down we went down big we continued to grow think about what's about to happen if we

go into this bll cycle that we believe we're about to go into in terms of 2024 2025 this growth is going to be just unbelievable and and I think just to add to your point o where you said you know 40 million or so was 20 to 40 million Americans most of them are not actually using this stuff they just happen to invest mainly in 2020 2021 because they were all getting a bunch of money from the government and but what's interesting is a lot of this growth is just coming from other parts of the world where crypto is actually has product Market fit and is needed most Americans don't need crypto they're just speculating on it but in South America and Africa and Asia these people need crypto Russia Etc like these people need it and that is the most bullish thing

for me okay next up and that's it's a great Point Kai they talked about stable coins and we've talked a lot about stable coins being the killer crypto app now here's a chart that's just amazing to see is the total market cap of stable coins 99% are USD stable coins only 1% how lucky is America that they are currently fighting against crypto not providing clear regulation and at the same time saved they're being saved they don't even realize how lucky they are their currency is now being purchased by all these major stable coins players and being held in reserve funds which just

further backs their currency as the global monetary M1 Global Reserve currency yeah that's so and the whole idea of crypto in the first place was let's replace Fiat and instead we'll use Bitcoin as the new currency which like doesn't make a lot of sense at least in the short term and ends up that what crypto's really doing is making us just more usable around the world which is like I mean it's an amazing it's an amazing Innovation for many people and it's funny that the American Regulators can't wrap their heads around how big that is for them that just shows we're early guys yeah we're very early so look lots of bullish things coming out of this report I think it very much ties into what Kai said earlier around the excitement around coinbase is even

though the US us continues to make roadblocks for Builders they are seeing great growth there and then around the world we're seeing growth as well and that's through a bare market so we are very well positioned as we launch into this next phase of the coming Bull Run okay let's shift gears to what I mentioned at the beginning of the episode which is salana is absolutely ripping right now and I don't just mean salana token I mean the entire ecosystem in particularly nfts on salana are going nuts right now now let's be clear there's salana the token is up I think

70% in the last month it's up over 150% in the last six months so there is a lot of new money coming into the salon ecosystem a lot of people who hold salana all of a sudden feel rich they feel like they have a lot of money well what happens when your money doubles triples basically overnight in the matter of a few months you start to buy luxury goods you're like I got some cash to spend okay well where are you going to spend it what's the most luxury good on a blockchain nfts right so salana nfts are just going nuts we're seeing

across all I mean I can list off so many of them but madlads which is one of the biggest ones kayos cayos orus which is another really big ones OK Bears famous Fox Federation all of these are up multiples like madlads is up 66% just in the last week alone OK Bears is up 106% in the last week alone so why is this happening well it's happening because of inflow and one of the interesting things and if I pull up a chart here I'm going to show you this C this is really going to blow your mind is there is a lot of inflows coming from across other chains people

are excited about salana right now and they're moving their money from eth over to salana just in the last week the Mayan Bridge saw one million dollar in inflows from eth sorry it's so $1 million in one day $4 million in the last week another bridge on Phantom wallet so Phantom just released a cross train bridge in their wallet since they released that on November 20th so that's only less than two weeks ago they've seen over 1 million eth bridged over to salana I bridged some eth over on that I wanted to test it out there you go did you do that because you're hoping for an airdrop in the future ah you never know I like to just try things but it it was worked really well I was very impressed

so look what we're seeing here is we're seeing a lot of not only are we seeing the salana price increase we're also seeing a lot of liquidity moving over to salana and those two factors at the same time are going to have an impact across the entire ecosystem so for a bit of context as to why the nft ecosystem in salana is is going up so much I know if you were around in 2020 2021 we already learned that hey you know nfts rip and then it didn't really work out you know we thought this thing was really cool and everyone loved these things and then all just like went to zero basically so why the heck are we doing it all over again and the simplest answer to this is compare this compare blockchain really

to any ecosystem of any like country or nation state right if you have a country that's maybe they were communist for a long time or they're very closed and all of a sudden they open up to the world or they find something new like a a new you know they find oil or something and all of a sudden the the nation gets Rich what does everyone do well everyone gets jobs everyone's making a bunch of money and so they start to buy nice clothes they get nice brand from other places they you know buy Rolex watches they buy nice cars and they want to like show off a little bit they want to prove their reputation the same is true on Internet blockchains it's the same thing as like a nation state right and so there's people who love salana and they made a lot of money as salana just like if you

were I don't know whatever country you made a lot of money in that country and so what do you do when you have a lot of money now and your country is Rich you go and you buy things to show off who you are in that community in that nation state right and so one way to show who you are is pfps right and so pfps although they went down a lot the last two years it's not that they're gone they're going to come back for ethereum too because that shows identity and reputation and like that you were earlier that like who you are and who you represent in that ecosystem and so the same thing is happening now in salana everyone's like okay I got all this money finally we're back salana is here I gotta go now stamp who my reputation is who I want to show on

Twitter to show off people like hey I'm in salana I've been in salana and so now I have a mad Lads right and so like this is what people do when all of a sudden they make money in a community that they're part of and so I would expect this to continue I'm not saying every nft project is going to continue to go up but I think we'll see a very similar bull market in the salonic ism as we saw in ethereum in 2021 I think it's going to be very very similar people are like oh no everyone will learns from that but you got understand like a lot of people in salana they weren't here in ethereum in 2021 this is new for them and so the exact same thing happens it's very interesting how this stuff plays out but that's just how it works well and the

other thing to mention is that crypto and nfts is very much it's an an attention game it's a narrative game right we saw this most recently with frch and social fi all the attention in August September was all on frch so all the liquidity flowed that way have you looked at the frch chart recently you know what there's not a lot of liquidity there anymore people are moving out and have you heard about it no nobody's talking about frch anymore what's everyone talking about now salana where's all the liquidity moving salana I guess it actually could be I said it's people from salana who weren't in E it

actually could be a lot of ethereum people although I don't think there's a lot of mix over but it could be a lot of ethereum NF people that have now moved over going oh here's where the liquidity is I'm gonna go buy those nfts and boom do that too especially because there's no if you're an eth nft investor or Trader there's no new trade in nfts right now nobody knew is there's no new buyers nfts right unless you're talking about in the salana ecosystem maybe there's some but there's not a lot of new entrance in space so you got to go wherever the attention is and that's where the attention is right now and yeah I think you're right I think this is just the beginning Kai for salana nfts I think they're gonna have a good

rip for the next during the next Bull Run yeah and by the way guys this is isn't just going to rip for Forever This reminds me a lot of 2019 binance had its own mini bull market in the middle of the bare market so binance launched this like Launchpad and they had their B&B token that had recently launched and when they launched this launch pad it allowed a bunch of U people to launch tokens and and apps and BNB went up like 5x in a matter of like a couple weeks in the middle of the 2019 bare Market it was crazy and then all these tokens like went nuts it's very very similar to what happened here like Soul being up 500% is not normal for the stage of the bull market we're at right now but it's doing that in its ecosystem same thing it's very

similar to the mini bull market that um binance had back in in 2019 so quite interesting I think the other reason why this is happening is well it's actually the same reason but added to it's not just that salana has gone up but we've got a bunch of aird drops coming in salana so we have the salana airdrop season where some of the big there hasn't been a lot of tokens in salana previously part because most of the teams in salana are actually in the US and I think it just wasn't their ethereum did that they made all the mistakes and solot has been able to like kind of learn from it which is smart but also they didn't have a ton of use ton of users so like doing an airdrop to a few thousand people not doesn't make a ton of sense now we've got a bunch of

activity on salon and so what's happening is the big applications are now beginning to launch tokens to govern for governance so they want to start to decentralize and I think they just want to start incentivizing more people to come and use salana um obviously it's a great marketing tool we've seen that over the years and so what's happened is pyth which is the first one this is uh basically the chain link of salana is the easiest way to think of it it's oracles um and so it's the the chain link of salana they have just launched an airdrop um earlier this month and I think the market cap of pyth already is let me just find it here over 600 Mill or close to 600 million so like that's pretty big right and so that's a lot of liquidity that is now on the salot

ecosystem they could sell those into Soul they could sell those into nfts so and so for there's a bunch of new liquidity that literally printed and came out of nowhere that's a big deal you can think of these airdrops like the checks that we got from the government in in Co right it's just free money is what people are getting out of nowhere just random users the other ones that we have is Jupiter and jeto so Jupiter is like kind of like the Unis swap I guess of salana it's just a massive Dax exchange has some more stuff to it it's an aggregator and more but it's pretty big it's really good ux I mean like people always say it's really good ux it's the same ux as Unis swaper is really no difference except for its on salana which is faster and cheaper so

like in that sense it's better ux but like the app itself looks identical to unof and I hate when people keep saying it's so much better ux like guys it's the same [ __ ] app anyway they are launching an airdrop it hasn't gone live yet from what I saw but you can't Farm it anymore the snapshot was on November 2nd but there's a billion Jupe tokens that are about to go so again this is probably going to be I mean think of Unis swap as what over five billion at this this point I don't know how big Jupiter will be but some sort of market share towards that so let's say hundreds of millions of dollars now coming to the Sal ecosystem on that and then the last one which is launching in the next week or so is jeto which this is your staking

token so the same as like Li in the ethereum ecosystem this one they just did the snapshot on November I think it was maybe the 17th or 22nd or something like that it was last week so again you can't farm this one either but I would expect this to be a big one it's going to a lot of wallets and again this one is is growing they're becoming really big in in the Sal world and so this is good again going to inject hundreds of millions of dollars in Sal ecosystem so I think nfts are going to be a big beneficiary of this and maybe the soul token maybe a bunch of people just sell us in a soul not sure that's typically what happened in the eth world in the last cycle so I would assume that happens here but let's see what sort of

incentives they make to hold the tokens maybe there's you know you can stake them or whatever so people don't sell we'll have to see so this is just three big ones there's going to be so many more this feels like a lot having three in the last month this is nothing ethereum in the last cycle it was like you could there air drops every week and salana there's a lot of apps that are now coming out now they don't have a ton of use just yet across all these apps but I think it's going to grow especially from these so if you have not gone and bridged over to salana and played around with some stuff go do it because you will get air drops I made tens of thousands of dollars on this in the last cycle from ethereum tokens I missed Jupiter I missed pip I think I

get goo because I I've used it and I stake my soul using it before the snapshot so I probably will get some there what other apps I'm not sure we might do a report on this in the coming day or coming weeks but otherwise just go play around play around with whatever you can it's just stimulus checks say just just St these all day in the salon you get some money you get some money you get some money when I first got my first airdrop I was like what just happened it was like thousands of dollars and I was still fairly done I was like pardon like what's going on here this is sick it's just a wild feeling okay let's go to inscriptions on salana what's yeah what on here Kai I don't know if a lot of people are following the story if

they're aware of this but it's interesting something that we should dive into yeah so inscriptions are I don't know in my opinion probably not the most exciting thing in the world but there's just a lot of action going on and so I want to explain inscriptions are what happened to bitcoin with ordinals right these are inscriptions where basically you take your instead of you know launching nft where the token is the only thing on the blockchain but the image itself is not inscriptions is where you actually put that image into the blockchain itself right there is less functionality to it it's not in a smart contract it's just like literally in a block so it's not the same as like I can't go and create it you lose a bunch of utility when you inscribe something rather than Minted as nft as a big differenti in a simplified way just

so you guys understand but anyway this happened on bitcoin it became a big thing to me it's this sort of like fun thing that a bunch of bitcoiners are doing and whoever else probably e people moving over there they're playing around with it but like in the future it doesn't make sense it is a slower way it is a more data consuming way like it doesn't really make a lot of sense it's helped in terms of like creating more fees on bitcoin which is great for the security but like ultimately you lose a bunch of utilities so like longterm it probably doesn't make a lot of sense for most things to use this for some art where you just like okay I made this thing and I want it to exist forever I don't really care about any utility maybe I don't even care about selling it

sure and scrab it to the blockchain that's great it's just there forever it's kind of like when people like write their name on a bench right like K plus J equals heart or whatever you know that's me and you Jay it's it's like that it's just like there for forever so like cool but like limited utility of what that means but anyway all a sudden this is now happening on other blockchains polygon reached like all-time highs of transactions by like a long shot just a couple weeks ago and it was because of this thing called polls which is essentially just inscriptions but over on polygon then all of a sudden this is happening now in salana they have this thing called Souls it's ridiculous that every blockchain every ecosystem just kind of copies the same thing but I think it's happened on Avalanche over these last few weeks

you're just you're seeing unbelievable transactions and everyone's hyping it up it's not real like sustainable transactions I don't think these things stick around it's more just hype but I think the interesting thing from this is salana can handle all this so Bitcoin the fees went nuts polygon handled it but you know it it did have a bit of a spike Sola has no Spike it's just things just chug along as normal even though there's like what millions of these things being uh inscribed in the chain so it's a good stress test for this lot ecosystem but like if you want to dgen it go for it I just don't think that this is a thing that remains yeah I completely agree I think the only use case that really makes sense for this is immutable art if you wanted to create a piece of art that you never wanted to

change and you wanted it to be inscribed in history at a certain date at a certain time at a certain place and on a certain block because you really respected that that blockchain and being early an early inscriber on that blockchain and that's really what's happening you know if you were early on bitcoin then it's possible that a hundred years from now that becomes a very a very important and very valuable piece same thing is kind of happening across all chains I don't know that it can be valuable across all chains though so yeah we'll we'll see how it plays out okay next up magic Eden introduces a cross chain wallet this is an nft and crypto wallet for Bitcoin ethereum salana and polygon and a really

interesting move by Magic Eden at a time when the nft marketplace war is really raging in the background blur just had their season 3 airdrop we have openc has been continuing to launch things although we haven't talked about them for maybe a month now and Magic Eden is not going anywhere and they are really leaning in to the ways that they can solidify their product Market fit and one thing that they believe in is a multi multichain world the CEO of Sal Jack Lou sort of highlighted their dedication to a multi-chain ecosystem I think a lot of people think magic Eden not salana did I say salana sorry magic Eden there's CEO of salana no there's not you're right uh and so even though

magic Eden is on salana and sorry was initially the salana nft marketplace they have really been leaning in slowly and we talked maybe about a month ago AT AP Fest in Hong Kong salana or magic Eden announced that they are in combo in partnership with Bor y Club launching an eth Marketplace that hasn't come out yet we don't have any further details on that yet but you can sort of see the direction that magic Eden is going and here's what the CEO of magic Eden said he said we believe in a multi-chain world for nfts up until today for a user to really experience all the different products and features and have great content you have to rely on every chain and they effectively you have to

download a wallet for every chain in order to purchase and interact with nfts on every Every Chain obviously that's a user experience Nightmare and so this is a new wallet that aims to solve that it's a self- custodial wallet so you'll have full control of your assets it's fully decentralized just like we all love to see and it really simplifies asset management nft management by enabling direct cross chain token swaps so you can buy if you had a lot of eth but you wanted to buy a salana nft right now you can do that very simply within the wallet which you can't do as Kai said the way he did it well he didn't buy NT but he bridged over to salana so be able to do that in it's huge I think

there's two big things from this like one we already have wallets that allow you to look at eth l2's polygon soul I mean Phantom I just said can do that and you can cross there coinbase wallet you can do this I think the key big innovation next is the ability to go from L1 to L1 which Phantom allows you to do that now for ethereum and Sal but that's it they don't have Bitcoin which the biggest source of liquidity is Bitcoin and obviously with ordinals and that there are nfts and things going on there and there isn't really ways to move Bitcoin over to eth or Bitcoin over to salana and vice versa other than using a centralized exchange or thorchain is the big one now and so I don't know how magic eeden is doing this but I know some companies use Thor chain

below it as like the underly protocol to do it in a self custodial permissionless way I don't know what magic e is doing so I got to learn more about how they're actually managing this because using Bridges is not a good idea using thorchain which is basically like think of Unis swap but instead of tokens on ethereum it's tokens from one blockchain to another and they do it in a very secure way if that's how they're doing this and this is great if they're not doing that I'd be very wary phantom for example uses the way that you can do it is just through usdc and they use USD circles cross chain which is super secure I don't know yeto Magic Eden so just I want to put that out there the other thing that I think is really important is we need wallets that are

specific to nfts we don't do a good job of that right now there are almost no wallets that do that we have some features very limited and like the example I like to give is if you look at our Discord and our Pro support Channel we give it nft to people who sign up to Pro and oftentimes people are struggling to find it in their wallet because right now you put it in your wallet and the only way to see it is you got to go to openc and like it's usually hidden so you got to like unhide it and then you find it and it's like open has nothing to do why do we need to use this third party app to find an nft that you've mitted from our site that then you're using to like connect in Discord or our like onchain gift shop opy has nothing

to do with that it's just a Marketplace you can't even sell our propass entities so like why are we going to a Marketplace to be able to view the nft that we've given you well because the wallets themselves don't allow you to see it it actually makes zero sense so right now the industry is always sending people to openc to view their nfts that's not how this industry is going to go we will eventually just see it right in our wall wallets but we just don't have any good wallets for that yet and I'm hoping that that's what magic Eden does if they don't do that this a flop in my opinion but we'll see well and you know what this reminds me of is how many times have you signed up for a subscription for an app and then like SoundCloud for example and then you go

to change your subscription for the app and they say in the app oh you signed up for this using your Apple ID you have to manage this subscription through apple right well that's very limiting right now right that's the web 2 world right you get stuck in one right one way that you did something and you have to continue to manage it through that with web 3 we now have the potential where because we're going to have nfts for many different reasons not just to collect a piece of art which is mostly the use case that we're talking about right now we're also going to have nfts to manage our identity to manage our real world assets to manage so many things to manage our tickets maybe our

event tickets our concert tickets and so there needs to be ways that you can easily view sell manage those and that's exactly what Kyle's talking about is we don't really have that yet magic Eden is really leaning into the collector use case and trying to help collectors of nfts have a better experience with a better wallet which as you said we really need next up Cristiano Ronaldo is being sued for $1 billion what's going on here Kai this is just this is ridiculous so it's I think three Americans who are suing Christiano Ronaldo for his advertisement of binance

back in I think it was 2022 they started their their agreement together Cristiano Ronaldo launched like an nft on binance and they've just like done a bit of promotions like on Twitter and stuff together and so what happened here is three people as a result of that ad supposedly bought some crypto and lost crypto over the last two years and so they are now suing for damages because they lost money they're suing Cristiano Ronaldo for a billion dollars this is the most Petty thing I've seen in my entire life and I think what's hilarious about this is one actually if they didn't sell they haven't lost anything yet but they must have sold which means they sold the bottom which means they're losers but anyway the real reason this is ridiculous is this is three Americans

who I mean Cristiano Ronaldo is not American okay binance is not an American company in fact you're not even allowed to use binance which is what he was promoting binance not binance USA these are different entities he was promoting binance which Americans are not allowed to use now you can use it if you like use VPN and you work around it and so these people assuming they actually did use binance broke the law I guess or if this is even a law but basically went around used in the legal exchange that they're not allowed to use that is not an American company and are now trying to sue someone who's not American who advertises to non-americans and it's like because they lost money which is just it's so ridiculous on so many levels and so annoying and this will not go through Chan would not pay these

people billion dollars it will get dropped it may have to get settled which is super annoying but he'll pay a couple hundred, whatever to these three losers and they'll make a bit of money because that's how the American system works unfortunately hopefully it just gets dropped I hope they make nothing from this or I hope they spend a ton of money on lawyers and end up getting nothing from it because it's just so so annoying and just the last thing we need right like another big celebrity that gets involved in crypto and now has to deal with lawsuit like Tom Brady like everyone has had to go through this it's just like it's right everyone now some of them were Shilling some [ __ ] hasn't really I mean he had made an nft that was kind of useless but like whatever his fans probably like it I'm sure he'd

promoted bance but there's nothing wrong with that so it's just certainly not a billion in losses anyways moving on next story uh the cosmos Hub is forking this is a big story that not enough people are talking about Kai what's going on yeah so a bit of context here on Cosmos first of all so Cosmos is sort of the third best ecosystem in the space you have in terms of smart contract platforms you have ethereum and then you have salana as kind of the runner up now and then I think in terms of at least the tech and the community Cosmos has really done some pretty incredible things and has some really legit imate Tech a lot of the other L ones are just sort of copycats of ethereum that increase the block space they're not really that Innovative when you go down to much smaller ones sure like Su and

near these are great potential great Technologies but like they're very very small Cosmos though is like is there it's legit they have their own conferences already they have like a lot going on now one of the things that's happening here with Cosmos right now is they're sort of going through this like disagreement amongst the community and what is going on is Cosmos has a token called atom and Adam has never really generated a lot of value doesn't ACR a lot of value in the way that the cosmos blockchain is set up because Cosmos is a bunch of blockchains it's basically like this technology that allows you to create your own blockchain very easily and then you have your own token that secures that blockchain but you don't have to do a lot of the tech tech stuff for it it just sort of does it for you

which is great it's segment security which I think is not a great thing but ultimately this token called atom that is securing the like underlying um base of Cosmos it currently inflates at 20% which I mean we all well aware that a 20% inflation is really ridiculous and so they basically what happened is there proposal that came out to move it down to just 10% which is still pretty high salana is 7% ethereum is I don't know a couple percent and so basically what happened was there was a vote and 41% voted in favor of changing the inflation from 20 down to 10 and 38.5 down to 10% or sorry in 38.5% voted to saying no and then I think 20% just said we don't care

so it was a small small win and so now technically they're supposed to do this however the ones that said no are like hey we don't agree with this we're not down so we're going to Fork the chain so what does that mean it means right now if you think of how this works there's I don't know how many validators there are that are securing this chain and what these validators can do is just take that code the existing code of Cosmos and just copy paste it basically and then go and secure that one in dead and if they get enough people securing that and the users go and use that everything goes over there then they end up winning right and the other one just sort of dies off into IR relevancy or if people are like no we want to stick with the

one that already exists and no no one goes and starts validating the new one the forked one then that thing just goes into relevancy what's interesting though is this has happened multiple times in the two biggest assets the two biggest blockchains in our ecosystem Bitcoin which was forked into Bitcoin cash years and years and years ago because people thought we needed cheaper fees on bitcoin so that was better for payments well who won that Bitcoin obviously Bitcoin cash still exists but it's basically irrelevant and then the same thing happened with ethereum you have ethereum you have ethereum Classic this was from a dow hack that happened first ever Dow there was like 20% of the entire East Supply that got hacked and so they said hey let's just Fork the chain and everyone there were some people that were like okay let's do it we'll just forget about that whole Dow

hack bunch of people like no that's not how this works so we're going to continue mining at this point the old ethereum chain which is now called ethereum classic ethereum one out there the classic still exists but no one uses it what's crazy though is what happens here is when you Fork you just duplicate the chain which means every token that you had on that chain gets duplicated and so you will have atom on Cosmos and then you'll duplicate the chain and you'll have double the amount of atom now this will be called atom I think they're calling atom one yeah atom one and look and now it's a public it's a free market so whatever happens if a bunch of people go to the one chain and that thing starts working that token will take off and the other one might fail and go down they both might

continue now you have two chain like you don't know what's going to happen here but in for an example when the ethereum an ethereum classic Fork happened you doubled your e and ethereum classic didn't die and so you actually were able to then sell that on Exchange back into your normal ethereum if you made the right move some people went the opposite way and you made a lot of money from that so that's what's potentially Happening Here with Cosmos which is quite interesting to say the least and I think that there's also an important point to be made of just the power of being able to Fork this is not something that really exists in our society and our business and our politics and anyway we don't have this concept of forking

but it's a very positive sum move when you have a engaged Community that's the key here it has to be an Engaged community and Cosmos is a very engaged Community they very strong onchain governance you and you have a disagreement of BAS basically 50/50 and this one's very close 41% in favor 38.5% against very close then it often is the best to say you know what we're going to go our separate ways because we have different visions and we're going to both continue to create and continue to build in accordance with our different Visions see who wins and see who wins and there's no like that's great that is free markets right there

Market it's finest I love it think about this for underlying Tech this matters for an app you don't need this which is where people end up confusing like oh this is crypto you need the ability to Fork you need it to be this and that it's like no no no decentral doesn't matter for everything but for underlying Tech where there are a bunch of apps and a bunch of people and developers that rely on that underlying Tech the ability to Fork is really important so you think of where web does allow this is like the App Store that is an underlying Tech that a lot of businesses and users rely on and apple could change whatever they want anytime right now they take 30% of our Revenue they could change it to 90 tomorrow if they wanted to or today if they want to and there's nothing we can

do about that we can't Fork it but in open source technology permissionless technology like blockchains if that ever happened because the community went whatever you didn't like it you can just Fork it and everyone can move over and I think that is just an incredible thing to have in Tech but we just in the web te world you don't have that all right let's keep moving along Kai bankless our good friends Ryan and David got into the Limelight this past week for not really the reasons that you want to in the linelight they are still a great company that we really support really believe in tell us what happened here yeah this is you guys always hear us talk about and complain about the people on Twitter this is exactly it especially in the in the crypto world so bankless is is a

media company similar to us they have podcast newsletter Etc we worked with them for many years on our agency side and a couple years ago they had a dow that launched from their community so bankless didn't do this it was a a decision by the community and bankless supported it but basically they launched token bankless St token and now they have their own business it's a flourishing Dow they have Consulting they have education they have all these things but it's called bankless St so that's similar branding I guess Ryan and and David the bankless team are not they're part of it in the sense that they got tokens to because it was their community that they they launched this to but they've never sold a token they've never been in a proposal for mless St Etc like they just they sort of just help bootstrap it that was about it

but they've never made anything financially from It Anyway Bank list Dow which is a common STS and companies in crypto have been going to L2 proposals uh for like retroactive funding and saying hey we want this amount of ARB token for example because we create content about ARB and this will help fund you know the things that we're doing good things that they're doing and so this is very common we did this with lens protocol it's how we got our partnership with lens which has been very beneficial for our users for us for lens Etc it's very common but what happened here is people took this the wrong way and said oh this is bankless doing this and like well bankless already makes a ton of money because they creat content and they run ads and so they're making money from ads and now they're going to l2s and asking for

money from these proposals and Ryan D like this isn't us this is Bank list out it's completely different company they're like well don't you make money off Bank listow like isn't this a thing that is you you know your token and blah blah blah like they basically are calling bankless grifters saying that they just they're taking money from l2s they launched this token that went to zero and so they they rugged a bunch of people and they make all this money from sponsorships and it's like guys they tried something Innovative with the da sorry the token went up way too much in the bull run and then went way down has nothing to do with them first of all so like but it was very Innovative a lot of people learned from that uh on how to run Dows Etc and so that's an issue in

it of itself but not an issue of them but just like complaining that they run ads is just insane they have an option where if you want to go premium you can then you don't have to listen to ads right but basically what people want is like we don't want you to make any money what's whatever we don't want you to run ads and then we don't want to pay for your premium subscriptions either we just want you to create content for free and that's just insane if that's what you want that's what you keep fighting for on Twitter You're Gonna Lose like you're not one it's never gonna happen but if it did happen no one's going to create content anymore and now what do you do bankas has been one of the best resources throughout the entire bull market everyone else lost their minds in

that bull Mania and was like all in on teral Luna they were all in on FTX they were all in on like all these stupid meme coins that all went to zero and blew up bankless was the one media company that said hey we have ethos and values and we stick to them and they called out teral Luna three weeks before it blew up they called out s bakman freed one week before FTX blew it up they called out they almost called all the big scams that happened last cycle and so I'm forever grateful for Bank list for helping me navigate last cycle which is exactly why web3 Academy exists today is to help all you guys navigate this cycle and so I don't know how people can complain about that it's so frustrating it makes no sense I feel for that I love the when you get fired up

Kai I love it I think you nailed it people for some reason people love to complain about creators making money like as if all creators should just I don't know like who's paying us then who's gonna fund creators it just creators need to make money somehow and they're gonna one of the best ways for creat to make money is to run ads and have Partnerships they're also complaining on Twitter and where does Twitter make some money from yeah ads you losers so if you don't like ads get off Twitter and then you get get off YouTube get off all the places that they make content because you're getting monetized right you are the product on those platform so if you really hate ads you got to get off all social media that

is Forest great a Great lead in to our next section we a new section of the show we started this last week it's called agree disagree explain so in this section I'm going to read out a take from Twitter or from somewhere some from some Creator and then Kai and I will discuss Kai will say whether he agrees disagrees or whether it needs to be explained and the first one up here this week is very much in line with what we were just talking about Elon Musk tells advertisers to go [ __ ] themselves if they are going to try to blackmail him on his own platform and this is exactly why Elon was the perfect person to buy Twitter Kai agree disagree or explain

I completely agree I don't know if any you guys saw this video but this was last night it happened so what's happening right now is bunch of people think that Elon is anti-Semitism for whatever reason I don't know what he said I didn't I didn't see this but anyway basically there's companies that are boycotting Twitter Disney being one of the big ones and so they are not putting any advertising dollars on Twitter anymore and so they're basically threatening him with Muddy and Elon goes you're threatening me with money he's the richest guy in the world he's just so he just basically said a live TV go [ __ ] yourself and then he literally looked at the camera put his fingers up there a and said go [ __ ] your it was incredible and look I mean we need Twitter right we need this like

digital Town Square where anyone can communicate and have free speech and sure there needs to be certain rules to that and things that like kind of help navigate it because it can't just be a full on [ __ ] show but what it was before Elon was just no good and so I think what he's doing is great it sucks that companies continue to pull out he's probably going to find new ways to monetize I think hopefully maybe we can get out of the whole sponsorship thing I'm not sure probably not but well they're advertising story but we'll see where that goes either way I just love that he stands up for what he believes in and I think he's people will take this and spin it the wrong way and I think ultimately he's trying to do the right thing for the world it connects

back to the first story of what we said with A6 Zed which is the problem of the internet right now is that it's held by a couple of centralized companies and even though Twitter is one of those big players and yes they do have a lot of control Elon is definitely respecting the users and the creators I mean look what he's doing he's the first one to ever put pay creators for their contribution on a platform and creators are making money now just for creating on X and so look I think Elon sees that users and creators need more power that we need to remove power from the hands of the big companies and these big companies think they can go around and just say you know what we're gonna

boycott you you're done and elon's like no like come at me boy I I saw it today that I guess a bunch of EX users are now canceling their Disney plus subscriptions I don't know how that people would know that already I don't think you can find that anywhere but so we'll see if it's actually true I hope it is okay next up this one's for from barovic we all sent 300 million to blast we've actually all sent 65 million to blast so this this is this number is much higher now but the point still stands they're currently staking our e they they'll earn around 1 million per month by the time we can Bridge back that's a nice two to three million for them yeah I mean it's very impressive

they're now the third largest L2 by tvl so it's arbit from optimism than blast and then Bas so it's bigger than Bas which is just insane to call it even an L2 is probably not the right use of words yet I don't know people want to do that and they want to be Deens then go for it I guess I have not bridged and I I don't I don't play the only thing I would maybe bridge is stable coins because I can't really get good and I put this inations risk-free yield with stable coins because Canadians can't get that on coin base whereas they'll do that for you and you'll get the 5% which is sick and I can't really get that anywhere else so like and then you also are firing but I just I don't I'd rather not lose my money not that I think you

will just you never I mean and you can't can't even take take it out I like but I wouldn't anyway right like I'm I'm not selling that stuff for a few months so like why not make a bit 5% plus F air drop I just to make that 5% worse that you'd need to put a lot of money in and like I'm not risking that much money I'm not it's not and and it's just I mean I I got to agree with this one because it's genius by Pacman and the blast team they've just gotten a whole bunch of liquidity and now they can earn interest on that which is literally free money for them well and think about now they can go to developers and apps and be like hey come build on my L2 because we have $600 million there yeah so the

moment they go live you have a bunch of users and a bunch of liquidity there's no other L2 that was did that so genius just to further on this one I got one more tweet here on blast this is from Jared watt blast is not an L2 the blast smart contract it accepts funds from users and it Stakes users funds into protocols like Lio or in the case of usdc or stable coins at Stakes on I believe it's through maker there's no test net no transactions no Bridge no rollup and no sending of transactions data to ethereum it's not an L2 agreed to expain agree but I don't think that there's anything wrong with that it's fine you if people want to send them money people can send them money that's the whole idea of this space it's

permissionless but you're right it's not an L2 yet technically optimism is not an L2 because they don't have fraud proof if you're like in the technical aspects of it it's like blast is not L2 doesn't mean it's a bad thing yeah I got nothing to add that just means there's risk but there's risk in everything we do pretty obvious okay last one this is from Danny and I'm gonna explain it's an an image of a hypothetical and he says watch ads to wave gas fees and basically it's an image that shows that gas fees are over $6 and then there's a button showing as if this is in your metamask wallet that you could watch 7 Minutes of of ads to wave the gas fees and you could choose do you want to watch the ads or do you want to pay the gas

agree disagree this is the stupidest idea I've ever heard and I think this guy's living in 2020 there are no gas fees anymore you move on L if you're worried about the fees you live on l2s or salana if you don't care about fees you live on ethal one and so there's just no point in this no one who's on ethal one is ever going to watch an ad to save six bucks unless you don't have money and you're on L1 but then you're in the wrong place which means like go catch a cab and go to the next city because you don't belong there and so this is stupid I do hope that advertising comes on chain though because I love the idea of not will it's not for G I agree gas are done but the idea of having like fraud prooof

advertising where we actually know that there was proof of view right and then being able to pay out users for viewing and removing the middleman makes a ton of sense so excited about that that's a rap Kai thank you for another awesome episode thanks everybody for listening in don't forget next Tuesday 12 pm EST in our Discord is our eyes on chain event where we're going to give you our top five tips for the coming Bull Run also starting next week we've got an entire new show launching we're still going to have our doer Spotlight where we interview top leading Founders in web 3 then we're also now going to have a fulllength market watch show dedicated

to making sure you can stay on top of your Investments and then of course every week every Friday is the rollup that's wrap thanks so much for joining in everybody have yourselves an awesome weekend thank you for listening to web through Academy your one trusted source to capitalize on the next big phase of the internet if you enjoyed this episode please share it and subscribe or follow so that you don't miss the next one while you're at it there's a link in the description for our free newsletter where we provide timely and relevant web 3 insights so you can confidently build and invest in web 3 make sure to subscribe today one final note this podcast is for educational purposes only and nothing we say is financial advice crypto and web3 are risky and you should never invest more than you're willing to

lose thank you friends and see you in the next one