Rollup: Fed pivot, Ledger exploit, airdrop caution and Coinbase building on Base

Transcript

gmgm welcome to web3 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 KY joined by today's co-host which is zenica Jay is actually on vacation I think he's snowboarding or skiing in the Denver I believe or Colorado I can't remember where he is but he's he's somewhere having a great time so we are grateful very grateful to have zenica join us who's been on the show many many times I think maybe this is your fourth or your fifth time joining sor yeah but uh fourth first time on the rollup first time on this one first time on the rollup nice well we got a lot of news to cover today there's a lot a lot going on we'll start with the FED pivot this is

exciting so it's not an actual pivot but there's some good news coming out of the FED some inflation stuff that we'll talk about in the market watch although it looks like our party might be getting wrecked just a little bit just before we clicked record here some wildness is going on in the crypto world and so it's kind of taking a dump but we'll talk about what's going on there there some big ex potential exploits that we will cover then we're going to talk about airdrop season and actually some caution to be aware because there's just there's a lot going on there there's a lot of opportunity but also a lot of potential for big risks so we want to make sure you guys are covered and uh don't get wrecked once again then the L2 Mania so much going on in the L2 world in the

modular world so we'll cover some big launches going on in that world Trump is launching an nft we will briefly cover that Budgy Penguins launch some really cool things coinbase is shipping and they're mooning I think they're up over 150 bucks now that has been one of the best assets of the year uh there's just so much going on in this space but let's not get too excited let's just calm down take a deep breath and let's practice some gratitude so zenica welcome to the show first of all but also why don't you share some gratitude what are you grateful for today what am I grateful for it's good question I love that you sell the shows with this by the way so I'm in Brisbane Australia right now which is sort of my hometown I I grew up here lived here most of my life but have

been living overseas for the last sort of five years but got back here a couple weeks ago for the holidays and my brothers coming in from India with his wife my sister's coming in from America so very grateful to be around family and to have this family time together because as you get older I'm 35 the opportunities to have like your nuclear family all together it's sort of especially when we're all living in different countries it becomes rarer and and rarer so I'm I'm very grateful for the upcoming time that we're going to have together also just I'm staying at my parents place and being able to spend time with them in the 70s and all that it's just yeah I'm very grateful for that so that's me what about yourself it's funny I was thinking about it this morning and I have almost the exact same

thing as you literally going well I'm getting older and it's really nice to be on friends and family the reason I say this is yesterday was my girlfriend's birthday so we celebrated that we went up for a nice dinner and that was amazing but all week so it was also my birthday last Friday so our birthdays are five days apart part which means and then we're getting close to Christmas so we've just every night we've spent with friends or with family my family Christmas was on my mom's side was on Saturday my birthday was Friday and so just like every day back to back we're doing some sort of birthday or Christmas celebration but it's been really nice because I usually travel so I live abroad often for the last five years I have so hav't been home for my birthday for many years this year I was I just so

much gratitude to be spending so much time with friends and family and just like you said as I get older I appreciate that more and more more so yeah it's been a really nice December so far just great to see so much friends and family amazing all right that's some good gratitude hopefully everyone else out there will Express and practice gratitude as well it's a great way to just sort of relax and feel good and I don't think we uh we do that enough so it's something that we'd like to share okay there's a lot of news so we're gonna just jump right into the news and get into things because we got lots to talk about but before we do let's take a quick second to hear from our sponsors modern newsletters are built on on paragraph that's right paragraph is a brand new newsletter platform that

combines the best parts of web 2 and web 3 to supercharge newsletters for both writers and readers build a community not just an audience paragraph uses blockchain Tech to allow readers to collect and own the words that matter to them this takes reading a newsletter to the next level with paragraph readers can Min collect and show off quotes from their favorite newsletters this opens new possibilities like creators sharing Revenue with fans I also love their new feature paragraph AI this integrates gp4 natively in paragraphs create edit and improve your writing effortlessly with one click and guess what we at web3

Academy are on 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 all right friends we are back we will start with the market watch and cover of course the biggest Assets in the space Bitcoin eth and well Salon is not the biggest but it's one that we like to cover here the charts were really good I was really excited to come in here and give you guys a bunch of bullish news now they're all red that sucks but Bitcoin is down 2% on the day down 4% on the week now it

did have a big big big drop after some news with I think it's because of the Elizabeth War news which we'll talk about in a second but it did recover from that now we're we're sort of sitting down again potentially because of the exploit news again we'll talk about what that is in just a second but overall things are looking bullish in markets and we'll cover why ethereum still manageable I guess it's down 39% today up 85% on the week still up almost 10% on the month it has also had a nice run up since the macro news and the macro winds have changed for us and salana is down 10% sorry 0.1% on the day still up 14% on the week this thing just has no chill it just continues to go up and up and up it went up almost to $74

today and then with the exploit news went down just below 70 we're back up above 71 so I mean it's still doing fine both of us zenica and I were just talking just before recording and we were like oh we had to close out some Longs or some trades because we a little bit scared of what might happen as we record here but overall things look good is there any other big big assets that you cover senica these are the three that we always just kind of look at to gauge markets anything uh anything you look at as well those are the big three Bitcoin Ethan salana I think honestly salana I didn't pay much attention to until like six weeks two months ago and now it's like every day like yeah definitely keeping an eye on salana yeah it's hard not to pay attention to it now

I mean it's just rips so hard and then the ecosystem is just exploding you can't take your eyes off this this point all right let's talk about what's going on in markets why things are going really well over the last you know 24 hours let's say excluding the last 30 minutes but there's a few big macro we cover a lot of macro stuffs Zak on here the market watch we've had a thesis that inflation would continue to go down interest rates would go pause and eventually go lower and unemployment would go higher and so far all that stuff has been playing out really well and we thought that would lead markets upwards into the end of the year it's been a really good thesis so far it continues to play out this week we had some big news the inflation numbers came out in the US and we were down to 3.1 in

terms of the CPI the core which we talk about a lot actually just remained at four so not good not bad but continuing to see CPI go down is really good news and I think this will just continue over the beginning of next year so this is exactly what we wanted to see and the FED came and they had their minutes on Wednesday the 13th and they basically said they're pretty happy with where inflation is is going and as a result what they have decided is they did not raise rates they said back in I think it was June or July that they were going to raise rates three more times they raised rates one more time and they have not touched them since people were thinking maybe they would do it one more here not happening and actually they said not

only are they not going to raise rates but they are predicting that they will have three rate Cuts coming in 2024 this sent Twitter on a just Rampage everyone got super bullish we started we're writing a newsletter that goes out Mar called Full send everything and that's really where I think markets are heading here the reason I say this is actually so they said only three rate cuts for 2024 I think the markets were predicting one and they said three so that was quite bullish they said about 75 basis points will be the cut in the US but here's what I say is everything the FED says tends to be a lie it's always more bullish than they what they lead like they said they were going to cut way

more they didn't end up doing that last year or this year I guess then they said rates will be up higher for longer and now they're already changing their tune on that and saying it's going to go lower so when they say three rate cut 75 basis points I guess it's going way more than that but let's see I don't think we go back down to zero interest rates but I think it's going to go much much much lower in 2024 we'll touch on some more stuff but do you have any uh pieces around macro or is that something you touch on senica yourself I keep an eye on macro I don't proport to be expert on it by any means but yeah I basically I follow a bunch of other smart people and like I I look at their commentary and be like you know what that makes sense

that's the general consensus and opinion and yeah it was hard not to sort of see the reaction to today's news and be feeling bullish about it yeah I've been feeling pretty bullish going to 2024 already and this sort of just is yet another positive indicator that things they likely to do well on the crypto front so do you see us in 2024 as bullon sort of bull market like maybe 2020 or 2021 or what are your thoughts on where we're heading into right now I think there's probably about a 70% chance it's like up only from here onwards and we GE gig end into 2024 and 2025 I think there's a 30% chance we get a significant correction like maybe Bitcoin drops 30% and then we go sideways for a while and then it's up

it's like you know the bull might really start in late 2024 instead of have already started I've been looking back at 2019 and 2020 a reasonable amount and trying to St that there are definitely a lot of similarities and so I think that while I am definitely bullish a big part of me is like you know what it really really feels like it's just we have the ETF we have the Haring we have all this you know other stuff coming out it feels like it's just gonna gig us end I'm still significant part of he's like yeah we should prepare for the possibility of a big correction still yeah and so I mean I always look at past Cycles as well I think it's so so helpful to figure to just like kind of understand cuz these this it's so cyclical crypto

and it's actually it's so cyclical that it's a little bit weird like almost like to the to the specific date four years like it's wild but I think what you're referring to is in 2020 in the last cycle which was sort of the beginning of the bull market we did a big run up in 2019 and then 2020 started and we had a massive dip now that was the covid dip so it I think things puked by like 50% and then after that it kind of took a little bit everyone was like what's happening everyone's like okay world's okay and then we just ripped all the way to 2021 basically and so you're thinking maybe we see something like that and I have actually the the Bitcoin cycle up on the screen for anyone that's watching but I believe it was it's not even GNA show up

in this I gotta actually pull up the real chart here because it was so quick so it's you can't but um is that kind of what you're basing it on similar similar to that I mean obviously the co crash was not something you can planned for it it's an X facted but on the the other side like the amount of stimulus money that came in and and propped the mark Mar up was also sort of not something we can expect to necessarily come this this cycle around so even if we look at like late 2019 early 2020 like even a little before covid it was also I if my memory is me correctly had a bit of a run up and then a correction and another obviously Co crash massive correction and then the gigas ended so like I said 70% of me and I think 70% chance is that

we've really started the ball and it just continues to tick upwards maybe there's a bit of a dip during the ETF when it's like a sell the news event um but like it's still going to largely be upwards trending for a couple years it looks like a bullish 2024 here's what I actually tweeted out this morning which was here's kind of what we're looking for in terms of catalysts and just things that that me make it look so bullish which is three rate Cuts we just talked about that and so I think there's actually probably more than that we've got the Bitcoin spot ETF coming early January most likely we have the Bitcoin having which you know whether that's a reason for the Cycles or not either way it's something sort of bullish at least because we're decreasing Supply we have the potential eth spot ETF now that

one's not as of a guarantee as Bitcoin but I think if Bitcoin gets approved it's very likely eth does as well and that I think is happening in May is we also have the US election which that tends to be a very bullish year for assets for risk assets because oftentimes the current president and the current you know organizations that they start printing money the FED prints money usually because they want and again I don't know that they're actually colluding together or whatever you don't want to say that but typically it's a really really good year for assets and because there's usually a lot of money printing so it's likely that happens again and then I think also the Bad actors are pretty well hopefully all gone Finance was kind of the final one to drop which just happened yeah and so

it kind of sets the sales for just like clear sailing from here and then finally we've never really had a bull market where eth is actually burning and um activity is heating up on chain which which means we're about to be and we already kind of are burning a lot of eth and I just I don't know what's going to happen when we're burning a ton of eth and there's a lot of demand for eth especially if the spot eth ETF gets approved yeah it's just like I think you might just have an insane supply and demand shock and then not even that but there's also the EIP 4844 which happens in I think q1 which means that l2s are going to be like an order of bank to cheaper and so we start to have what we have over on slana you could have that

basic on nl2 not to the same extent but pretty close that's just there's just so much to be blow on in 2024 yeah and like still does much more as well I think it's like just the user experience is is so much better now like you can create a wallet using your email address or your your Biometrics on your phone you can get set up you can whether you're using an L2 or salana it's instantly send and transact on chain it's just there's a million excellent catalysts and like you said it's hard enough to be extremely bullish so so if prices start to go back up to alltime highs that's when retail comes back in the mainstream comes back in and they actually have things to use like when they all came in in 2020 21 yeah we had nfts and defi but it was

mainly on ethereum and it was like 50 bucks a transaction hundreds of dollars if it was nfts which like that no one was sticking around because of that like you know what I mean it was almost like that bull market came too early but this time people come around we've got l2s we've got salana we've got games on immutable and wherever else like yeah we' got so much stuff and so I I I wonder if there's a lot of people saying is this a super cycle and I I think we still continue with Cycles but there's more reason for people to actually stick around this time around so I'm excited to see how that all plays out we'll see what any thoughts on that actually before we move on yeah no I've I agree completely I think like a lot of people say gaming is going to be a huge part of

this and I completely agree like 2021 people were talking about the metaverse Facebook changed it into meta web three gamings land sales a lot of people got very excited by it but the real real it was that there weren't good games out yet they weren't fun games web three gaming wasn't fun everyone said oh it takes five years to build a great game you know what it's been 5 years 2024 is around the corner a lot of these projects have been building since 2017 2019 2020 there are some genuinely excellent fun game like parallel is a really fun sidei Trading Card Game forgotten runiverse is a really fun MMO RPG that's on and there's hundred others that are fun games and gaming Market is enormous and so

there's stuff for people to do and like another thing of the bullish you you mentioned retail retail is not here yet like they're just not it's largely the same bunch of us Deens and crypto natives trading back and forth a little bit of new money flowing in but it's usually it's not new money it's people that like he last cycle they went away and now they're like starting to pay attention most people are not Googling and and getting back into it so when that happens I think again fuel to the fire and and things go crazy yeah I saw a tweet and I was going to put in here but I didn't but it was like um this time around things are going to get really weird just like they got last cycle don't expect it to be like any different it's things are going to get

weird again like last cycle was just absolute Mayhem and the things that went up were just like you were like what's happening right now I think it all happens all over again this just human psychology right it's just what we do it's pretty funny I think it's even crazier this time around H think be crazy yeah we s Doge to 90 billion or whatever and and you know I went ballistic and it's good and bad but um yeah I I think it gets even crazier I think the world is in in an even more precarious position I think younger Generations feel like they're not going to be able to they don't want to work a job for 30 years 40 years and buy maybe buy a house and be they want they have for better or worse they have more risk and the Creator economy is in boom I

always say this like we're living in the ice cream so good generation where it's like people are just happy to throw money ROM stupid things and me coins and dog coins and yeah it's going to get really really really silly but on the flip side there's also all these great use cases so it's like there's something for everyone now right right true and I guess now you have I mean you have cheap block space you have an abundance of it which we didn't have which means and then also there's just so many tools to build things on top of blockchains now that just didn't exist in the last cycle where like anyone can really build something now uh and so like there's just going to be an abundance of stuff which means there's going to be abundance of craziness to go with it so it's going to be a wild ride I'm excited

zenica hopefully you'll you'll join us a lot on the podcast to give your insights on what's going on speaking of your insights okay some craziness going on right now in the ethereum world I guess I'm not sure if it's anywhere else any other blockchains but tell us what's going on there's a there's a potential major exploit and this is kind of why markets took a bit of a dump before we clicked record here what's the news yes I I'm just reading some new tweets now to catch up on the news so not even a potenti it was a major exploit basically what happened was there was a ledger connect kit like this library that a lot of daps centralized applications used on their websites I think it was like connecting it was like

a kit for connecting your wallet to a website any wallet it didn't have to be a ledger wallet it could be your your menam mask hot wallet could be a different basically that got compromised and so what it meant was that any website that was using that had an exploit where where the the hacker was able to inject like a wallet draining link or connection into the DAP and so if you connected to your wallet and interacted with those daps you would just get your your asset drained and Sushi swap was one of them revoke do cash was a really unfortunate one of them because normally when there's a big exploit or people get scared for two years now we've been telling people if you think you've been had to go to revoke docash and get rid of your permissions revoke your permissions this time the advice is don't do that if you

do that you're going to get your and do nothing so basically that that happened about I think an hour ago and I'm just now see seeing a tweet that it seems like it's been patched I mean just remain Vigilant and you know this is coming out it's going to be about 24 hours I imagine after the exploit and so I really hope it's it's already passed by now it shouldn't take longer than a few hours but it's just a big Scary wakeup call to the space I think I love self- custody but it is so scary sometimes you know like to to manage your own assets and to try to yes maneuver around all this stuff so was this a ledger thing was Ledger the the problem here do you think or we don't really know yet we don't know 100% but like based on what I've seen it seems

like it was Ledger's fault basically like they didn't have good enough security practices and so somewhere in their Tech stack chain one of the important elements s was able to compromise that and inject this malicious code that was really really bad yeah yeah and I mean to be fair I hate to call out Ledger and make oh it's your fault this stuff is not easy right we're still very early and I think Ledger does have an amazing security team they they're one of the biggest security teams that we have in the entire space of any company and so I like obviously they they are really good but hey we all make mistakes not everyone's perfect and so this is why we need to do our best to just like share if anything does happen so this happened by the way at around like was it 8

o'clock AM EST on Thursday this podcast comes out at 8 on Friday so this might already be over with but um just check Zen's Twitter which is um zenica and he'll give you updates on on anything going on that's where I learned about it just before I jumped in on this call with zenica so there you yeah be safe out there it's a tough space all right let's go on to um a little bit more the only other shitty news I have for us the rest is all really really good news for the rest of the episode but this is a new bill that um has been introduced by Senator Elizabeth Warren I'm sure all of you guys know who this is by now we talk about her quite a bit because she absolutely hates the crypto industry she's got an army of people in in the US

political system system that's trying to basically shut down crypto she went on the news just the other day and said that North Korea funds 50% of their was it terrorist attacks and stuff through crypto which like I don't know where she got that from I think it's complete ballshit but she just this is just what she does anyway she's just int introduced a new bill cracking down on crypto basically trying to fight like money laundering and things like that with Defi and if this bill were to pass it would one infringe on every human's rights but also it would make defi almost unusable if defi actually had to had to comply to this basically it spooked markets I think anyway when this came out markets dumped pretty big this was the big dump we had earlier this

week anyone's wondering kind of why that happened again I don't know exactly if this is why but it was at the same time that everything sort of dumped as this came out now I'm not going to go into the whole I thing about this bill and the reason is Elizabeth Warren does not bat very well with her bills so here's a nice tweet by Tom dun Levy who just says Warren has sponsored 36 bills uh from 2023 to 20 well 2023 zero had passed 103 bills she sponsored in 2021 2022 zero pass 98 bills from 2019 zero pass 80 bills 2017 2018 zero pass and 27 bills in 2015 to 2016 zero pass she has never had a bill pass that she's SP that is

actually an astonishing track record like this thing in it's really impressive when you are write you know every single time it's equally as impressive when you're you get it wrong every single like just that's mind BL that is kind of difficult to do yeah right so I I contrast that with actually comment on this I forgot about that I just realized I did this a couple days ago I just put Black Rock over Elizabeth Warren black rock is what 578 times that they 579 times that they have launched an EFT ETF sorry they've only had one wrong one that didn't get approved and whereas Elizabeth Warren is batting zero so I think what happens here is this thing's not gonna go

anywhere and even if it does start to gain traction as soon as Black Rock and the others get their ETFs approved you know they're going to Lobby against this anyway and so like there's no way that this is going anywhere so whenever these things happen and dips come because of political things I'm like sweet great buying opportunity and these will happen a lot this I mean last cycle there was always something China was going to ban crypto the US was going to ban this or that like this happens always during bull markets and the markets don't care they always bounce back TR I mean at this point I mean China has banned crypto so many times that I it's just a meme yeah it's it's just so funny completely yeah so that's it for the fud let's jump into some airdrop stuff there's so much going on we talked all

about the salot ecosystem last week we had a newsletter that just went out giving a guide on how to use a bunch of the different protocols def5 protocols mainly on salana so you can Farm some of these air drops which like I don't love the like hey go and cheat the system Farm but I do like to go and use stuff and use it early and play around and be rewarded as as a result of that that's kind of the whole point of this in being so early so it's nice that's why we sort of support farming a little bit but there's a bunch of others that are coming out right now so layer zero and so it's not on the solot ecosystem but back over the ethereum ecosystem there's a bunch of Firepower coming back saying hey we also have air drops we also have

points and so layer zero which is actually not specific to ethereum it is a layer to sort of connect blockchains together in terms of like the way that they message and and sharing information so layer zero is actually launching a token what exactly um is included in that and who gets that we're not exactly sure but just want to say that there is likely an aird drop coming to layer zero so likely I think anyone who uses ethereum and this kind of stuff will get this airdrop so keep your ey out for that the information on that will come out soon I'm sure so there's layer zero there's Stark net which is one that that's been around for forever there's been a lot of people farming this one but it is um some incredible technology and a a big I think ecosystem that's going to form in the ethereum L2 World

which stet they have just done their snapshot again they have not said who's getting it yet but if you've ever use Stark net you will have one there's going to be a ton of fake links on Twitter so be very careful make sure you're going to the Stark net Foundation Twitter for this because there has over the last year there's been a million different scammers saying hey the token is now live it is actually coming next week I believe it's happening and they'll give us more information coming next week so don't click on anything right now Stark net. is their like actual link and so if it doesn't say Stark net. do not trust it do not click anything do not connect your wallet but something big is coming from Stark net next week so be ready for that and then

one final big one that just came out points has been the big thing going on in the last little bit especially in the Sal ecosystem which is I actually kind of like it I'll get your opinion on a second zenica but points is basically a way for when you're farming or you're using a new application you get rewarded points to do certain things whether it's inviting other people whether it's you know you're lending you're borrowing you're I don't know minting whatever you're doing you kind of gain points and then they end up giving when they do drop a token or if they drop a token the points tends to be not one for one but like if you have more points you typically will get more of of the air Dr so this is sort of a a fun little way to kind of gamify this sort of like airdrop

farming scenario that's been going on and rainbow which is a a wallet that self custodial wallet has just jumped into this so yesterday they announced that they have now what's called rainbow points and basically if you've ever used ethereum you get points and so you can download rainbow if you don't already have it and if you import one of your wallets from I guess any wallet you get I think automatically 100 points but what they're really trying to do here which is interesting is if you've ever used metamask swaps they're made competitor then you get points based on the amount that you have swapped in metamask and so you can get a bunch of points if you've done that and then also based on how much how much assets you have in your wallet you get more points

on that and then if you've you know swapped on Rainbow or if you currently swap on Rainbow you bridge in Rainbow you m nfts in Rainbow you get more points so a lot of opportunities here now will they drop a token we have no idea there have been other apps that like zapper for example that had points and never gave a token some people were pissed about that but like hey it is what it is but I'm speculating here likely there's an air drop to come and this is sort of their way to try to gain some market share over metamask so if you haven't used rainbow it's actually a great wallet I high recommend you use it regardless of this but if you've ever used ethereum you get free points here so you might as well go do that what are your thoughts on the whole point

scenario that's going on it is like really big in the crypto world right now yeah it is I would say it's interesting I think I I I share a similar sentiment to you where I don't love the airdrop farming system whereas like it encourages and incentivize people to make lots of wallets or to try and game the system and to do just put in the bad minimum and use a 100 different apps and they're not genine users to get rewards air drops I think are best when they retroactively reward users without hinting that they're going to do one and all that kind of stuff that said this is the world that we live in and it seems that most protocols now use airdrops less as a way to reward genuine users even though there a bit of that and more

is just marketing it's like let's just Market the hell out of this let's go viral that's why all of these now have a referral program we've all seen the not pyramid Ponzi scheme because it's on its side that blast popularized and now I think rainbow has the same thing where it's like if you refer someone you get some points and that person refers someone else and you also get some points and that person it's just sort of like it's it's all marketing and I think right it's fine it's like fun it's interesting it's exciting it's gamified you can make some money from it so yeah overall I double-edged sword but I think it's it's harmless enough and kind of cool but I think generally there are definitely definitely exceptions but generally when everyone knows an air drop's coming and everyone's farming it

like the value you're going to get is going to be significantly less compared to when they don't know that now the exception the biggest exception that comes to mind is blur because you know blur season one everyone was getting points and a big air drop came and then season two everyone said oh my God everyone's farming blur no one the points are going to be worthless and then yet again they were worth a lot so if the protocol is big enough and there's enough demand then it is absolutely worth farming points and I think that it is the best use of time for anyone that has a lot of time and not a lot of capital because the ROI is enormous in air drop farming compared to other things but at a certain point it becomes less valuable to air drop farm and more to do other things

yeah agreed I think from a business standpoint like it is really smart and I mean it's very smart to do the point system because it amplifies this like when you think and you're you're like assuming that a com that a an app is going to do an airdrop you farm it but you you maybe don't go all in but when there's points in a leaderboard at that where you can like compare yourself to others it's just like you go way harder which is like and and the thing is what I like about what rainbow did is the way you get points one is by like if you invite other people which is super smart it's an affiliate we all every company has an affiliate program so like that's nothing new now they're doing it in an onchain way which is great so that's cool but then it's like the best way to

get points for rainbow is like to do swaps in Rainbow to bridge in rainbow and to Mint in rainbow and they make revenue on all all of those transactions and so they're incentivizing ways for them to actually gain uh revenue and they're sort of like teaching people to use these features and then they're also you can tell exactly who are the people that they're trying to to get over to their wallet it's metamask users that use metamask swap not that leave metamask go to Unis swap to swap it's those that swap rated metam Mass so they're trying to get their exact target so like yeah I think it's quite smart on the marketing side what I do dislike is when people have 100 or a thousand wallets and they you know and they do this I think that just like it sucks for the company because that's not who they

want to be giving money to and who they want to be governance to and then it sucks because like like you said it dilutes for everyone else this is fun and we want to like go and compete and do these things and try this new stuff and yeah you should get rewarded but you shouldn't get reward like the goo airdrop was like 10K to anyone which was amazing I got that and I was so grateful for it but then there's people that were like oh I had 20 wallets and I was like come on that's just so you got 200k and you did the same thing that I like I don't know it's a bit ridiculous now what is interesting and jeto actually put out how they tried to basically block people from doing that from farming it and S gaming the system too much so they partner with this company

called alium or alium I'm not sure alium Labs is their their Twitter and so if any apps here are listening right now I recommend you guys use this if you're doing any airdrops because what they did is they're trying to detect who are the people that have multiple wallets and so there's two sort of ways they did this one was they actually looked at source funding of the wallet so they can go back everything's on chain and then go back and go okay where did all these wallets get funded from and if it's all from one wallet they know this is the same person and they can yeah basically exit out and not do a bunch of those wallets and maybe give them to one or maybe the person just got completely wrecked from this I'm not sure how that would work but if you're funding it all

from the same wallet they can kind of look at that they said that's not the most effective way but it is one way to do it the other way was they actually look at your behavior and so behavior-based clustering is what they call it which is they look at a bunch of wallets and they're looking to match like one IP address could be one so where did you was it all from the same spot was it the same amounts of of let's say salana or Jos solar or whatever it was you were farming with was the same amounts did you do it the same way around the same time if they can like start to match a lot of the patterns they can start to say oh this users actually has like a 100 or 200 wallets because it's probably done by a bot or

some sort of automation tool and so they can sort of score it and figure that out and then they can get rid of those which I think is super smart and I hope that we find more ways to do this because again I think airdrop farming is fine it just I don't like it when people take advantage of it and they start to have too many wallets and like they just sort of game the system so anyway we're getting some technology and some services that are helping that which is great the last thing I want to touch on in the airdrop world is to just be very careful a lot of people we've had it in our Discord of a lot of people asking this the first time they've done they've used def protocols the first time they've really farmed an air drop before and I think again I think it's great to

do this to go learn defi is amazing it's why I learned defi back in 2020 was because obviously I was getting rewards for it and otherwise I probably never would have used Defi and now I'm like wow this stuff is so cool I do think everyone should do it but you got to be very careful because again what are we using brand new protocols if they haven't launched token yet they're likely very new hopefully they've been audited but we don't know you're also then using a lot of times you're lending you're borrowing so you're using a bit of Leverage which most people probably have never done before and then you're using these tokens to leverage that like also have not been around a while and so an example of this was earlier this week marinade Stak Soul or M Soul which is

the LST the the derivative of soul for uh marinade which is commonly used in the apps like margin fi and Cino and a bunch that people are farming rate now it actually dep pegged from its Soul Peg and it happened because some whale decided to sell5 Million worth which is not a lot $5 million worth this endole basically all at once and it D pegged by like 18% at the same time that Elizabeth Warren news came out and a bunch of the assets dropped so it was like a bit of a combination of things but that dpeg ended up causing a few liquidations so generally you wouldn't have been liquidated if it was going down the same amount that just soul went down but it went down an extra 18% and so people got

liquidated and lost some of their positions and again a lot of people probably have no idea what was going on here now it's since gone back to its Peg but the story here the thing to like understand is don't overdo it don't over leverage here don't put like 100% of your portfolio into airdrop farming because again this stuff is extremely risky and as much as I want you guys to play around and try things on chain the last thing I want is for you to lose all your soul or lose all your eth so just you got to be very careful if you've never done this like I don't know read up on I mean we did a good report on this of just like trying to help you guys manage your risk don't go all in on this stuff I know if you put more in

your points will go up faster but you got to refrain you got to take a deep breath before you do this stuff and just like don't go all in because you just never know and look nothing bad happened really from this m so dpeg it's back pegged by the way so it's all good but something will happen I guarantee you in the next four eight weeks something on salana is going to break and it's going to cause some problems and the thing is what people are doing is you you might lend on one protocol borrow on that protocol then go put that in another protocol borrow on that protocol put another one like start looping here and then it's like you have this like catastrophic event so just you got to be very very careful yeah no I totally agree I think it's there's so many different ways for

things to go wrong as well it could be a whale intentionally or unintentionally right dumping a bunch and causing deegs or or Price weird price action there's smart contract risk there always is smart contract risk anytime you're using defi or anything onchain which is basically even if it has been audited sometimes F can find an exploit let alone when it hasn't been AED Ed there's a lot of Bad actors and hackers out there that all they do is look at protocols that have a bunch of money tvl totally locked in them and they're like all right how can I potentially attack and find a bug and exploit and drain all the funds from this pool or that pool and this yeah so many different ways so and yeah be careful Solana has been

battle tested a bit but not a ton because it's still relatively good especially their defi protocols and the thing to remember is like most of these protols had in the low Millions for TBL for the like this entire bare Market since they've launched and now all of a sudden they are going up to like hundreds of millions or close to hundreds of millions and so like now hackers are like oh it's time to move over to Salon Defi and so like yep these hacks are gonna come hopefully they don't but they probably will because there's a big honey pot now and a lot of these things are not B tested so like you you should actually expect that you're going to lose some of your funds that you're air drop farming and hopefully you make up for it from Air drops or from your yield or you know

price going up whatever but like you should expect you're probably going to lose some because I mean it happened a ton in 2020 and 2021 on the ethereum system and it's bound to happen here too in my opinion last note on this is I know a lot of people like to invest in tokens or use certain applications because you know their numbers are going up their metrics are doing really well and the one thing you need to just be aware of this is a tweet that came from tusar tusar Jane I guess how you say his name he he's really well known investor in the but he just says Salon protocol teams should not lie to themselves that post jeto airdrop Farmers driving up their protocol kpis are a sign of real product Market fit keep focusing on organic users not mercenaries and so what he's saying here is the tvl the

active wallets what else active transactions like all these things that are happening right now especially on salana but not just there they are being inflated at the moment because we have airdrop Farmers coming from all over the different ecosystems to play around with these things to collect points and so so these aren't real numbers now of course the numbers are going up there is a lot of gross and good things happening in the slot ecosystem but just be careful the numbers are definitely inflated right now and probably will continue to be for a little while so we don't know which one of these apps actually has product Market fit once all these air drops are done and the points go away I would guarantee you a lot of capital leaves and goes to certain apps not that it all leaves the slot of ecosystem by

any means but it's not really going off like it says it's going off in the chart right now so anyway just something to be mindful of as you're reviewing charts I know many of us do here in the Web Academy Community there's another it's not just salana I think there's a lot going on in the cosmos ecosystem as well why don't you share what your you're kind of um I don't know what you're seeing right now in the cosmos world so basically after the goto airdrop I think everyone in their mother was like all right let's go farm all the other Salada Salada is where the action is let's go get 10K and what we saw was just ridiculous number of people pile on in and as we spoke about before usually when that happens it means that if you get an air drop you're probably not

getting 10,000 you might be lucky to get $100 and the value goes down when there's that many more people farming it and so like the real Alpha basically is to go one step further like what's the next one or where is the attention not now that maybe comes in the future and and that's where I think a lot of people flooded to AAC and like we saw a big pample in the AAC chain AAC token went up a lot of people are fing there and now people looking at other places and I think the cosmos ecosystem has really I guess started to take the shape as another place as well not just for air drop farming it's sort of been pumping quite a lot for the last few months but yeah I basically started paying attention to it a week ago and it's it's all a lot more of the same really where

people are like all right do this to air drop Farm everyone has Twitter thread would like go deposit into these protocols but I think that because it's foreign enough and there's enough friction to get involved the probably the opportunity there is a little higher than certainly on Sana or eth at the moment aaac Phantom base Every Chain is probably worth paying attention to but I feel like the real outfit is looking at you know two or three steps ahead where people aren't actively farming in Mass at the moment yeah it's true and and the thing is I don't know if you've use Cosmos much but did you get this Celestia air drop I'm sure you probably got that I did not I I I was basically not doing any air drop farming throughout the whole bear I mean that's

a whole other story other things but I've started to use Cosmos a lot in the last say couple right I mean I didn't Farm it I just because I'm a active user on ethereum I I got this airdrop but the the thing was it was so hard for me to figure out how to just get it because it was over on Cosmos and I was like I don't even know what I'm doing over here I need a new wallet had to figure out like to get over there and I was like wow this is tough and so I think that's why like jetto soul for example was so like there was so much because there was such a small amount of wallets because a lot of the eth people who are the typical Farmers didn't really know how to use salana that much and they didn't

really take it seriously and so I think what you're saying is and it's the same thing is now they're all trying to figure out salana and so Cosmos is a whole another Beast for people to figure out and I think again we've got time before they get there so it's probably it's very smart but man I sold that Celestia as soon as I got it that thing has just pumped and pumped and pumped it's crazy but there's a lot of cool things being built over on Cosmos by the way we've talked about them quite a bit we're starting to talk about them more and I think we need to give them more coverage because there's just there's a lot of really cool protocols and just like applications and things being built over over there so it's quite interesting but it's it's definitely a whole another world it's quite confusing

but speaking of the modular thesis let's jump over to some L2 stuff that's going on so we've got a few things in the L2 world that we want to announce here and just cover first is that Celestia speaking of Cosmos has now been put into the polygon cdk and so basically what this is is polygon has a text stack that allows you to basically create an L2 pretty easily you could think of as like an l to as a service optimism has this obviously that's what bass uses arbitrum has this there hasn't been a lot that have used on arbitrum but polygon has this as well flip cart for example is using this okx is using this but now what they've done is you could think of it almost like a plugin for like WordPress they've allowed Celestia to be

basically like a plugin here and so Celestia is a data availability layer and so if you're launching a layer two using the polygon stack you can now use Celestia for data availability which is like I don't know 100x cheaper than ethereum something like that yeah and you can do it with almost like the Click of a button so it becomes very easy now for you to integrate the Celestia data availability layer in your L2 and so what's really cool here is like basically anyone can go and launch a ZK evm L2 rollup using Celestia and that's extremely cheap it has zero knowledge proofs it's got all the things it's settled by ethereum and it's just like so easy I don't want to say super easy I couldn't do it but I'm not but like yeah relatively easy for a developer they could do this you don't have to worry

about all the like the difficulty in like building your own chain so it's it's pretty cool to see this Celestia who's just you know become a big name now in the space has now integrated in there what polygon is calling this is a Broadband moment for web 3 and look l2s are are fast and they're great and they're pretty cheap but they're I mean eth PS are pretty high right now so they're still like 20 cents to transact on which is not that cheap but as soon as you use celesia you're talking you're under a penny easily and so this is just great to see great to have these sort of all you know this modular thesis play out and kind of everything all integrated together speaking of that there's more modu things going on Eclipse which we covered before this is the new L2 that came out that also uses

cestia but then as its execution layer it uses the salana virtual machine but it's an L2 on top of ethereum so now you have the salono virtual machine using the Celestia data building layer and all settling on top of ethereum so you have the best of all three worlds which is salana y Cosmos and ethereum all together in one I'm superow bullish on this one this is just the test net so I think we're still a few months away from them going live but I'm really excited to see what this brings because it allows the apps that are currently on salana to now bridge over and access ethereum liquidity but it can do it pretty easily so I don't know if they will I don't know how that'll play out but I would assume this is something that salana apps want so I'm really

excited to see how that plays out I don't know if you have any um any theories around that or if you have any more context you want to add here yeah I'm an investor in Eclipse here so I think I'm extremely bullish on it because of all the reasons you said it's like the best of a few different worlds and as salana is sort of like taking shape as a really significant blockchain this coming cycle I think a lot of people are saying it's going to outperform eth or at least you know Bitcoin soul and eth the three ones to watch it really just unlocks liquidity and possibilities for developers and users to just get access to better apps and amounts of liquidity across the the both chains so yeah I think it's worth doubling in like go po we speak of air

drop farming I think that's probably one that a lot of people aren't going to pay that much attention to but go poke around the test net I I have no information I honestly don't know if there will be an air drop for people that use Tes or anything like that but again it's probably worth half an hour of your time I kind of hate that most of the shows about air drops but like at the same time whatever if people are making money it's great but like I don't know I've always been not against it but I've always been like I hate that that's what our industry is about but I don't know in an early stage of a bull market it's fun everyone's making money everyone's happy and you know what the apps are all happy too we need activity and it's just nice to see activity back

again on chain and people trying things yeah people did not care to do that over the last year so it's nice all right one more thing before zenica gets to uh jump off I think it's late there isn't it like 11:30 p.m for you right now it's 12:30 a. so just after midnight I actually have another couple of build to run to off this so but wow wow all right so yeah no doubt okay so last one last one of the L2 world as well so blast came out a few weeks ago or I think it was in November and they had this native yield for eth and for sa coins and they I don't know why but it's not even really an L2 it's basically just kind of a multi wall I don't event should be an L2 and if you trust them then it's all

good but they got I think over 800 800 million $800 million doll worth of assets that there within like three weeks four weeks yeah just absolutely wild and I mean people want yield right people want y their stable coins people want yield on their eth and so that was pretty cool and I mean they're farming the last airdrop as well I guess but now we have Manta Network which has just launched the first actual L2 to have native yield for eth and stable coin so it's it's exactly what blast was doing except this one is action L2 you know it's not just a multisig wallet so this really cool they've gotten raise for $60 million from polychain binance labs and coin fund as well as some others but if

you use their L2 you actually get yield from their eth you get yield on your eth and yield on your stable coins just natively so just every time you do anything with yield with eth over there and with st coins you're automatically getting some yield which is um like I said when blast launch I was like this is a super cool idea and I was like some there's going to be more competition on this and here it is yeah we're like three weeks later and already we have an L2 that's watching this I love to see that and then they also have some reward stuff too so I don't know probably another airdrop I guess for you to go farm but it never ends but anyway super cool just there's so much Innovation going on the L2 space senica I know you got to go so I just want to say a big

thank you for joining us here while Jay is off we'd love to have you on the show appreciate all of your your knowledge and everything you're doing in space um guys if you're not following zenica go do that on Twitter any final words you want to say zenica I mean thanks for having me it's been a lot of fun chatting I mean there's so much going on like we we could chat for four more hours I think it's still going to cover half of what's going on in this space but yeah I I think it's an exciting time to be in crypto so it's the time to be paying attention like it would have been great if everyone was paying attention throughout the bear people have lives and stuff but like if you're just getting back into the space now it's like all right this is it there's so

much cool stuff happening whether you're a Trader investor or Builder or Creator or whatever you are the developer there's there's all sorts of stuff happening and it's just exciting I'm just excited like I'm really happy for the world in the space and and see things going 2024 this is why this is why zenica is up after after 12:00 just still doing calls that's bull market Vibes there flying high honestly yeah all right well thank you so much and have a great rest in the show all right take care so don't worry guys we're not all leaving just sen is for now we've still got a bunch more to cover not a bunch more but a little bit more here for you so let's dive right into it we're g to jump off the L2 world and we're going to move over well I guess this is still L2 stuff but we're gonna

move over to coinbase coinbase continues to ship I don't know if you guys have saw but coinbase is now up over $150 the coin I was going to say token but it's not token it's just a stock but anyway it's it's just doing amazing it's because they just keep shipping they continue to build both on their their app and their normal exchange but also on chain as well and so just recently coinbase has launched a new platform they're calling it which is called pyramid I believe or is it called Diamond where is it I've got it somewhere here guys sorry I'm I'm missing this up here we go project diamond and so basically what this is is plan base is helping institutions bring assets on chain so Trad assets on chain with their new platform that's on base of course which is their L2 and they're

doing this in Abu Dhabi and under their regulation so they didn't want to do it in the US and so they're doing this over in Abu Dhabi which is interesting timing because binance was doing a lot with Abu Dhabi and they just recently lost their license to do this kind of stuff in abui just last week and so all of a sudden coinbase announces this so pretty cool coinbase I think is going to on board a lot of Institutions on chain they're already sort of doing it with the ETFs I mean they're the ones that are cussing all the assets for all these ETFs but I think they're going to bring so many institutions and assets on chain and of course they're going to do it on their own L2 which is super super cool to see I'm sure we'll see similar things with like okx and that as well so that's one

big thing that they're launching I think that's something to watch out for and the reason they do it on Bas is they have more functionality there right they can start to use their coinbase attestations where they can have some kyc stuff so if they need kyc to interact with certain liquidity pools they can manage that with the kyc they have on coinbase plus implementing those features into base their own L2 so a lot of just cool functionality and things that they can do with their own L2 that I'm excited to see the other thing that coinbase launched was spot trading for Bitcoin and eth in Global Market so coinbase was predominantly in US Canada and a few other places as well but they're now expanding their what's called their International Exchange that they have I believe this is also in Abu

Dhabi but anyway this is for people all around the world to start using coinbase and now you have they did this with derivatives and now they have spot trading for countries kind of all over the world now I think it's just Bitcoin and eth to start but likely they'll open this up to more in the future yeah they I mean coinbase is just you know they own the US market and uh and spot and now they're really trying to go Global for spot for derivatives for everything so I just think man these guys are a beast and I think they surpass all-time highs real soon and they're going to be one of the most important companies in the space and they're going to be just a big company in the traditional world as well so anyway really excited to see what coinbase continues to do but they've got

a lot a lot a lot going on all right off of coinbase let's jump over to some big news in the nft world that is pudgy Penguins they always tend to be the big news in the nft world but they have just launched pudgy World okay it's called pgy World Alpha actually and this is really cool well actually didn't launch it it's launching in q1 of 2024 but they announced that they're doing this and basically what this is is first of all it's powered by ZK sync so it's a zero knowledge zero knowledge proof rollup let's call it that's a layer two on ethereum and this is like a metaverse world and what this is is you guys know that they have toys and when you buy one of those toys there's a QR code in there for you to sort of like adopt your pudgy

and you can adopt it digitally it's like a c certificate of of ownership of the the Pudgy that you purchase but what that does is it when you scan the QR code it mins an nft and not only is that nft signifying that you you adopted this pudgy but you also get to go then Connect into a digital world and you can get digital experiences and so previous it was very small what that was it was just basically a website now it's becoming a metaverse world powered by ZK sync and they're going to have games and different like metaverse uh experiences that you can do in there so it's supposed to be really really cool and I would expect that pudgey will do something really good here now what's interesting and why they use ZK is you know a lot of kids are going to be the

ones that are actually going into this world and so there's going to be limitations we need to know age limits things like that and so ZK sync allows a few things zero knowledge proofs allows one for them to do an age check without knowing exactly how old they are right maybe they need to be above the age of I don't know 10 or 16 or whatever um or if they're below the age of you know 18 then they can only see certain content or whatever uh and so0 proofs allows us to do that without knowing everything about the person so that's really cool but also parents can approve for kids to do certain things on chain or to get certain experiences and again you don't have to know who that person is um but you can know that they are in fact the parent of that child or whatever right

like there's different you can share information without sharing all the information and so a lot of cool things that you're going to be able to do with um parental guidelines and things like that so really excited to see what all goes on here we don't know a ton I have the video up of their sort of announcement for pudgey Penguins but they're calling this chapter one which is the Berg and so we'll see what they have but I imagine there'll be some cool stuff so if you have not bought a pudy penguins toy there's no nothing to farm I don't think anyway but I would recommend go do it because it looks cool and you'd be supporting the ecosystem and then you can get access into this pudgy World whenever this thing goes live in q1 of 2024 so that's really cool all right I've got two more pieces of

news for you today and then we will wrap up the first is speaking of the presidential campaign that's coming up in the US in 2024 Donald Trump has launched another nft this is a $100,000 or 100,000 nft collection there's 100,000 of these things this is the third collection that Trump has launched both previously this have sold out and are doing quite well they've both pumped on this news what's somewhat interest so they're all $99 to Mint which means if this thing sells out Trump makes what is this 10 million which is crazy good for him guy's crushing it uh I guess what's Happening Here is if you purchase 47 of these so it's it's basically it's his mug shot by

the way that's what the pictures are of his mug shot if you purchase 47 of these and I think that's because he's the 47th president-elect then what you get is an in real life Trading Card of his mugshot but included in that is a piece of the soup that he wore during his mug shot very weird very odd but some people probably will like this I would bet this thing gets fully minted out which is crazy we were having a chat in the Discord yesterday when we were going through all the news trying to figure out like who meant this is it web3 natives or like why he's even doing this and I was like well maybe he's just trying to you know the web three world and the crypto world is very political so maybe he's trying to cater to this audience so that he can get some votes

and uh some of the people in the Discord were like yeah I don't think that's it because I don't think crypto people necessarily like this like it's a pretty trash nft that doesn't do anything that's just like whatever which I completely agree with this is not my cup of tea but they were saying like look there's just enough Americans that just love him so much that they'll just they'll go figure out how to admit these things and they'll do it so weird but cool I guess I don't know I don't really have much to say on this one this isn't my company not the kind of nfts I want to see I don't really care about these collectible stuff especially when it's a mug shot card like it's just very weird but mention on polygon in case you were wondering and my guess is it probably

Min out but let's see all right last piece of news for the day worldcoin which uh We've obviously talked about uh a lot which is trying to be an identity layer for the internet which I think is something that the internet needs really badly again I don't know if worldcoin becomes the the de facto you know identity layer the internet or not but they're definitely pushing forward and doing some really cool stuff so they have just launched World ID 2.0 which is basically building off of what they've already done so worldcoin has um a few things they have the orb where you can verify that you are human and a unique human at that and then that gets tied to your worldcoin app basically which is it's like a wallet essentially where you can do certain things whether that's

trading assets or accessing different applications and things so worldcoin has this new thing called World ID 2.0 and basically what this is is a passport you can think of for the internet and it ties your identity so whether you've scanned your orb or not there are different sort of levels of authen ation or identity obviously if you've scanned your eyeball which there's about 2.8 million people that have done this so far that's sort of the highest level of authentication and then there's other levels that you can do as well but basically what this this new app allows you to do is there's Integrations with platforms like Reddit and Discord and Shopify and Minecraft and telegram Etc and it allows you to authenticate that

you're a unique human and you can log into these applications with your worldcoin ID which is more of like a decentralized identity rather than using something like I don't know Facebook to log in or Google so cool but nothing like too out of the ordinary just yet the reason why I wanted to bring this one back up is look we need some sort of identity layer for the internet right we we have passports to move in the physical world we need a passport to move in the digital world we need to know if people are real humans or not look at all the problems I just talked about with airdrop farming imagine we all had the ability to prove that we're unique human it would solve that problem completely and it would make apps be able to give governance and to give rewards to people um so much easier but

it's not even just that we need to verify who is creating what content there's a lot of issues that go on the internet of fraud Etc this would solve all of that right and so there's so much need for this and I know a lot of people hate on worldcoin and all I say is like would you rather use the government form of identity or a decentralized version right whether you agree with using an orb or not or the technology stack that they have done using ZK rollups and this orb and selfcast wallet and like all this stuff is still aund times better than what your government's going to do right you have these fraudulent governments that take advantage of humans in every way they possibly can

and when things go wrong in the governments they then start you know doing ridiculous laws and regulations and money controls Etc in many countries around the world so like do you really trust them to be the ones that are going to manage our IDs and like can they even make this sort of tech digitally like not really the tech that governments have is terrible right now for passports and for identity and so like I would support Sam Alman and the crew over there at worldcoin and what they're building because I think they're going to do a way better job and they have first principles of decentralization and self- custody so it's just so much better than what the government's going to do and so I I continue to support what they're doing and so um yeah you can check that out World ID 2.0 oh

pretty cool and that's rolling out more throughout 2024 I'm not saying you have to get your your eye scanned by the orb but um definitely some cool stuff going on there and I think identity is going to be massive play next year so something to be watching all right friends well that's the news we're very grateful to have zenak can join us today as Jay is off a lot going on in this space if you have not checked out our market watch episodes you should do that they come out every Wednesday I just did one on between soul and eth which is the better invest for the cycle I dove deep into the two ecosystems you guys need to check that one out it's really cool very informative we're going to do our best to keep you guys you know in the note on what's going on in the world of crypto

and web 3 moving I mean from now on there's just going to be so much news there was a bunch of stuff I didn't even get to cover today but we're already over an hour so I've got to stop it here but guys good luck out there be safe remember there's exploits there's going to be issues and hacks and things when you're airdrop farming so be very very very careful if you ever have questions make sure you join our Discord but to stay on top of things make sure you check out our podcast always make sure to subscribe like do all the things uh And subscribe to newsletter if you're not that's where you get a ton of alpha but otherwise friends thank you so much for joining me here today I wish you guys a wonderful wonderful week 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 deson for our free newsletter where we provide timely and relevant web3 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