Bitcoin fans are not psychopaths
What The Block #03
Welcome back to What The Block, a newsletter packed with insights & intelligence about the Web3, Blockchain, NFTs and the Metaverse—written by me, David Klingbeil
gm everybody,
Understanding the counter-culture of crypto is the first pillar of success in web3. While all of this may seem like a random jumble of abbreviations, nicknames and memes at first sight, what lies beneath is a thriving community with its own values and vision.
But as popularized by the movie The Social Network, you can’t make 500m friends without making a few ennemies…
This week, the New York Post has declared that bitcoin fans are psychopaths. I could add that traditional media, with its old-fashioned approach, often reproaches crypto-users.
This is not new. Every nascent technology had, and has its critics. It is a natural phenomenon. It is the old generation afraid of change, who do not understand the new language, they are in doubt, who fear that it affects their established world view.
There was never such a large community of people who don't believe in the ‘traditional’ system and its laws, who don't follow any guidelines set by governments or central banks, who don't trust anyone with their money, and thus think rationally and logically.
The 21st century gave birth to a new culture: ‘the culture of a new generation’ — the blockchain generation.
Through this newsletter, I hope to make the world of web3 more accessible and entertaining by curating news and insights that will make you think... What the Block ?!
LFG*
David Klingbeil
(Twitter - LinkedIn)
PS: feel free to hit reply to leave a comment, I read and answer every message
*Let’s F*cking Go, a popular way to cheer in Web3 ;)
🎨 NFTs
19-year old NFT artist FEWOCiOUS sold $19m+ of digital art in 24h
ERC721R allows NFT buyers to get a refund
‘Jack Dorsey’s First Tweet’ NFT Went on Sale for $48M. It Ended With a Top Bid of Just $280
💸 DeFi
MoonPay raises $87 million from celebrities like Justin Bieber & Drake
Uniswap Labs Launches Venture Arm To Invest In Web3
Crypto mixers’ relevance wanes as regulators take aim
🕹️ Gaming & the Metaverse
Fortnite raise $2bn from Sony and Lego to develop its Metaverse
The State of Sandbox - Messari report
UPS to Enter Metaverse With Virtual Shipping Services
✌️ Misc
Yuga Labs (BAYC) And Coinbase Partnering To Create Movie Trilogy
Polygon commits to going carbon neutral in 2022
Nansen's NFT Index Q1 Report
A report tracking the movements of the broad NFT market (NFT-500) and its respective market segments: Blue Chip-10, Social-100, Game-50, Art-20 and Metaverse-20.
The NFT market continues to outperform the cryptocurrency market year-to-date and remains uncorrelated with other assets
Blue Chip NFTs are the least volatile, while Metaverse NFTs are the most volatile NFT market segment.
The Empire Model for Blockchains
An essay on the importance of being #1 in crypto. Blockchains are like chess: Making good moves isn’t good enough. If you don’t make the best possible move, then you made a bad move.
“Liquidity begets liquidity. Capital begets capital. Network effects beget network effects. The chain that wins is the one that captures all of these things.”
What is Polygon?
Why web3 matters?
A Robust NFT Marketing Strategy with Psychedelics Anonymous
Mark Zuckerberg on Monetization in Horizon Worlds!
That’s all for this week’s episode of What The Block!
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