Weekly onchain news: Coinbase Wallet, the JTO airdrop and Flipkart on Polygon
8 Dec 2023 · 1:06:58
Jay Hamilton and Kyle Reidhead cover Coinbase Wallet's text-to-send crypto feature, the Jito (JTO) airdrop on Solana, Bonk passing Pepe by market cap and Flipkart launching an L2. They also look at cross-chain swaps through ThorChain and Matcha, Helium Mobile's $20 plan and Societe Generale listing a stablecoin. In the Web3 Academy market watch, Kyle expects ETH to catch up with Bitcoin around a spot ETF approval, and announces a new Market Watch show.
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GM GM welcome to another episode of web3 Academy your one trusted Source capitalize on the next big phase of the internet we are here to make sense of an onchain World in constant transformation I'm jbird joined by my co-host Kyle rehead and we believe that coinbase wallet is going to change the world that's why we're caring a path for doers to confidently build andest in web 3 so much happening in the space uh markets are crazy and so is innovation I think we're going to talk one of the most Innovative things that I think have happened in this space to date which is not necessarily coinbase wallet but what coinbase wallet is enabling in terms of texting your crypto uh it's literally that simple we'll talk about the big
aird drop coming today literally as we film right now actually like I need to click refresh because GTO airdrop is happening right now which could be one of the biggest ever happened on salana we'll cover what's going on there and actually we might be covering live what's literally happening right now uh speaking of craziness Bon has gone just absolutely bonkers it's bigger than in terms of market cap than Pepe which is the mcoin a is the mem coin over on salana so we're going to talk about flip cart launching an L2 flip cart which is a big e-commerce Giant in in Amazon worth something like $38 billion dollar that company just launched an L2 on ethereum wow so much to cover and that's just the tip of it there's actually so much more we're going to cover today it's a big episode it is a huge episode
These are the exciting weeks because not only are markets ripping as you said Kai there is a lot of really exciting Innovation happening a lot of big companies joining us on chain before we jump in Kai let's take a deep breath take a moment to share some gratitude what are you grateful for today oh I'm grateful for many things but in particular tomorrow is my birthday when this comes out so on Friday this is when everyone will be listening to it it will already be my birthday uh and so I'm grateful for I'm taking the day off so I'm actually grateful for days off not my birthday I don't really care about birthdays I'm grateful for days off you're not going to get many of these reasonable Market it's going to be very tiring couple years just like it was in 2020 21 it's all worth it hopefully if
you don't it up but I'm grateful to have a day off I'm going to the spa and going to spend a good like five hours got a massage facial which I've never done before and then there's like a thermal spots s and the cold bath all that stuff I love it you stole my gratitude man my gratitude is going to be you and wishing you having birthday oh well there you go f Yeah well yeah everybody knows now when you guys are listening to this Friday December 8th is Kai's birthday so I want everybody that listens to this to show Kai some love and show him some gratitude and send him a happy birthday note on Twitter follow him if you don't follow him already you're gonna want to follow him because as he said this bull market there's gonna be a lot happening and Kai's gonna
make sure you guys are up to speed thank you I'm I'm grateful grateful for you Kai grateful for Sue and uh your dad what's your dad B bill bill bill that's it it yeah Sue and Bill bringing into this world 30 some years ago 30 34 35 be 34 I'll be 34 on Friday yeah right for those of you that want to give me a birthday present I'll make it very simple just subscribe or follow to this channel if you're listening on Spotify you subscribe I think is what it's called you're listening on YouTube subscribe throw a comment maybe leave uh a comment on Spotify or a rating anything that will help us in terms of the algorithms to get our content in front of War people that's the present I'm looking for it's free it's easy it Tak akes a couple seconds of your time
please everyone let's band together and help Jay and I grow our podcast today so thank you for that I love it I love it let's make sure we do that uh also exciting news this week at a web3 Academy Kai we launched a new podcast show market watch tell everybody who missed that on Wednesday what that's all about what they can expect in the coming weeks yeah so the the doer that you guys are used to is move to Tuesdays so that'll be interviews as we normally do with Founders across the web three space trying to understand what businesses business models and stuff are being built on chain that could not be built otherwise and then Wednesdays are now market watch and this is just myself I will in the new year start to bring on other guests and analysts but basically
every uh Wednesday I'll be breaking down what's happening market so what's happening and where I think they're going to go next it'll be talking about macro it'll be talking about ta it'll be talking about fundamentals and it'll be talking a lot about what narratives are happening in the space so if you're on Twitter you're listening to the podcast there's always a bunch of narratives I'm going to break that stuff down and refer back to markets so kind of giving you a pulse on the markets every single week and then of course we'll continue to market watch here which will come up in just a second um but every Wednesday you're going to get more market watch stuff which I think is going to be hopefully really cool and if you like that again make sure to subscribe make sure to follow give us all that stuff so
that we can uh continue to grow wonderful with that note let's get into what's going on in the markets this week the noise news noise the news out of coinbase the goo airdrop and so much more coming up right before we hear a word from our sponsor modern newsletters are built 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 mint 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 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 as we always do kai start us off with the market watch what's going on in the markets this week yeah actually a big move in markets just before we started recording here not Bitcoin Bitcoin is big is basically 0. 29% of the day so not much although it's done great on the week since we last from the show it's up 15.25% on the week uh which is a pretty beastly week we're sitting at 43,6 56 as we record today but today Bitcoin is not the exciting news although it was over the weekend and earlier this week it is actually eth and salana right now that are just pumping today eth is up 3.86% on the day and uh
14.35% on the week it's currently sitting at 2300 and what we got 2335 um so it's looking really nice there it was lagging a little bit and I'll talk about that in a second compared to bitcoin and then if we jump over to salana uh it is up 5.3 5.9% on the day sitting at above $65 so almost at all-time highs it might actually be all-time highs let's see not alltime highs quite yet but getting very very very close 67 is well almost 68 is alltime highs in salana but that just happened this month so sorry yearly highs not all-time highs I gotta make sure I don't confuse that so anyway things are looking good smart contract platforms are going off this morning for whatever reason I don't really know why
but this is all really good news I want to talk about the eth BT BTC chart I talked about this on their market watch if you haven't watched that episode yet I highly recommend you check it out probably watch it where you can also watch the video be on YouTube or on Spotify because I do go over a lot of charts this is this sort of like seven-year wedge pattern that I've been talking about of e b TC which really when it breaks either to the upside or downside is going to I think shed a lot of light on where this industry is heading next I talked about how the eth BTC numbers going right to the bottom of this wedg line if it breaks down it confirms that that's probably bad news for eth it doesn't mean eth goes down it just means bitcoin's really going to
continue to outperform my base case my guess is that eth actually shoots off this and then dominates going to the bull market as it normally does what's interesting though is since I recorded on Wednesday we actually broke below that line it's not a confirmation it's just this happens all the time and you can see other times where it's gone below where it's gone above so it's not that big of a deal but we're definitely fighting close but we've bounced literally bounced right off of it and now we're back up to 053 but we were down by 051 which is a little bit scary if you're holding a lot of eth but overall we bounced right off it which is quite interesting to be staying within this trend after seven years is just a little bit wild it to be bouncing off of like this random number that you could have
charted like years and years ago is just a little bit mindblowing again this isn't a perfect science we have no idea what happens here but this just helps kind of guide where we're going speaking of where we're going it was funny last night I was having dinner with my girlfriend and I think she got up to do something I can't remember and she came back and I was just dazed out and she just sat down she's like what are you thinking about right now and I looked at I was like oh God I don't want to admit what I'm thinking about right now this is really weird she's like what is it and I was like well I was thinking about what's going to happen to markets if the spot the coin ETF doesn't get approved just like how what what are you talking about I was just I was trying to figure
out what I think happens there and one of the things I was just realizing I was like this would be really bad news anyway what I was thinking is like actually it's not so bad I think it gets approved by the way just to be to be completely clear but when I continue to look at macro I continue to look and see really good things are happening I haven't covered that I don't think we touched too much on macro last week there still isn't a lot of big news out we have the unemployment numbers in the US comes out on Friday so when you're listening to this it'll already be out and then we also have inflation numbers in the US coming out on the 12th of December so again no big macro news one thing I would say is oil which I've talked about a bunch is now down below
70 so it's continuing to go down which we have been mentioning for I don't know a while now and I think if it crosses this line here which is basically at $69 where it's at I think it's got a lot of room to go down further which this will really help inflation and continue to drive that down so we've got good news on the on the US oil side of things as a result I mean every Market is pumping right now like if I go through the side here if you can see my screen look at Google's up 5% Amazon's up 1.5 Apple's up 1.2 these are big numbers in the traditional world I know in crypto you're like whatever 1% this is a big big deal so markets are just ripping right now and I think we're going to get some more good numbers in terms of
unemployment tomorrow and inflation next week if we do then I think some of this runup that we've had in in crypto is to do with ETF of course but I do think a lot of it is actually backed up by the macro and so I don't think all this is ETF and which means that it's probably not all priced in number one and number two even if it doesn't happen I think we're still in a bull market regardless so that is what I was thinking about last night at dinner and I feel good both markets that's all I got for you today on the market watch J any questions my only question I think is going back to the eth to BTC okay so great that we look at this chart and great to know that we're still within the range how do you use that
information so does this lead you to maybe reallocate is that where is that why you're watching this so closely yeah yeah exactly like this kind of gives us the direction of where things are going so typically in a bare Market Bitcoin is going to perform better than eth if you look at Bitcoin dominance you see same sort of idea but eth held up most of this bare Market which is pretty good and then just at the tail end here Bitcoin has really sted to perform well often times that happens people are like I'm underexposed Bitcoin because I had so much eth last cycle maybe I should start buying Bitcoin now what I see is if we're touching the bottoms here of this wedge it's more than likely that this is not the time to be moving your eth to bitcoin but actually the other way around now I do think maybe we
have one more leg down maybe we break it one more time when the Bitcoin spot ETF gets approved just because there's obviously going to be excitement people are going to buy that uh news look even when it gets approved early Jan it doesn't go live it's not like we're getting a bunch of in that moment but I think maybe just a quick one and then eth really takes off from there because everyone's going to go and think okay well the next move the next trade the next narrative is the East Spot ETF so who knows like maybe that doesn't even happen that big leg up from Bitcoin it's just East starts to rip from here I mean it's up 4.73% today and Bitcoin is actually down so maybe it's already started and it bounced off that bottom line so for me it's now is a good time
to start rotating your Bitcoin into eth if you haven't already again you don't have to do all of it you never know but uh it's definitely a time to to be rotating in my opinion did anybody else notice that Kai just said when the spot ETF gets approved in January happening for sure didn't say if didn't say if said I love the confidence I love the all right let's jump into the news first up I mentioned coinbase wallet at the beginning of the show because they just launched one of the biggest innovations that we have seen in moving money globally in I don't know a century in a long time let me tell you what happened so they introduced a new
feature where users can now send money on any platform by just sharing a link so you could text you could WhatsApp you could telegram you could email you could send it on Instagram on Facebook anywhere all you need to do is share a link this new feature reduces the fees makes the sending money much simpler and allows you to do it it globally so let's say you want to send money to a family or a friend in another country instead of dealing with the complexity of routing numbers bank account numbers expensive wire transfers Bank fees possibly having to go into your bank and then waiting probably at least five days for the money to become available now
you can simply use a link from the coinbase wallet send it to your friend or your family no fees instant settlement boom they've got it on their end this is absolutely huge so when you receive a link let's say I send money to C when he receives the link in by text he clicks it it'll take him to the coinbase wallet app there he can claim directly or if he doesn't already have the coinbase wallet app it'll direct him to download it and then he will create a new wallet in just one click just one click it's that simple and then the funds once he's created that wallet the
funds are instantly in this wallet and one more thing to mention is if the funds are not claimed like let's say you sent it to somebody who doesn't know crypto very well and they weren't comfortable they didn't claim it well they're not claimed within two weeks they'll be automatically returned to the sender yeah I think this is one of those things where I'm always looking for things that exist in onchain that just are not possible in the web2 world or in the offchain world and this is it like sure PayPal venmo revolute they allow you to do that but they allow you to send money instantly I think they allow you to send it through a link as well I'm not quite sure sometimes you can do e transfer different things depending on where you are but here's the difference one those are within boarders so venmo
has to be only in the US is the way you can do it revolute is a little bit more Global but it's it's mainly Europe PayPal same idea there's certain countries that can use it certain that K there are fees associated with it I think Beno is free the difference is when you send me this link through coinbase wallet and it's usdc and you text me it or you send it to me at Instagram DM whatever and I click I don't have to go and sign up and kyc it for a certain platform if I have a coinbase wallet I connect it if I don't have a coinbase wallet I just click download I go to my and like if I have an Android I can download the Android store if I have an Apple iPhone I download it right there and I don't need the kyc it's right it's a self
custodial wallet that I'm downloading and boom the money's in there right and then you can go from coinbase to PayPal you can go from coinbase I think using moonay to like normal Fiat Banks like you can then take it anywhere you want it from there plus you can go interact with apps whatever and you don't need a kic you don't need to get like approved you don't need permission to accept this you can do this with anyone in the world we have never seen that and that is simply just not possible with web two rails so this is massive really really smart play by coinbase I think their wallet probably takes off here though I'm sure I don't know actually how quickly other Walts will do this there are others out there like beam that exists where you can do something very similar this but you got to use this
like beam token it's a little bit more confusing coinbase has it all figured out right because you can you can download that wallet and then you can do everything from within that wallet and then you can also take it out into the Fiat world you can move it to The coinbase Exchange you can use coinbase Commerce and like pay employees you can use so much within that coinbase ecosystem and this really reminds me of coinbase coinbase is the apple of crypto that's what I see and I've talked about how bullish I am on coinbase I talked about it actually in the last market watch watch session and if you haven't seen that you know check it out because I talk about kind of some numbers of coinbase there but everything they're doing is just so bullish I think this is one of the greatest innovations that we
have to date this is the dream of what Satoshi wanted was crypto payments and this is now you can literally do that for free to anyone in the world it's incredible I I have a couple takes on this one I completely agree with everything you're saying Kai one is people don't realize yet what it is like to send money on blockchain Rails yeah because very few people have experienced it uh once you experience it you will never do it any other way again the only re you want to do it any other way again yeah yeah not if you don't have to the only reason that that people aren't doing it yet is there's just not enough people on chain using wallets but it's very very simple
it's coming it's it's inevitable is the way that we I think about Jack my son who's 6 months old when he is 20 and he's first sending money he's gonna be like you used to send money how what like this is all he will know and and it's not just coinbase that's going to enable this this will be available everybody will will enable this over time the interesting thing to me about this is coinbase is so incredible with their timing you got to give a sh shout out to their team that they're Master marketers and this is why as as as as Kai said they're the apple of crypto because look at this timing they are
launching this new feature right at the beginning of this bull market when they know that there will be a lot more onchain activity and as a result of that they're now saying okay hey everybody who has money on chain send it to your friend or your family who doesn't yet have a coinbase wallet and this is going to lead a lot of people to download coinbase wallets I believe so great marketing tactic as well the other reason I think this is such a big deal for adoption is like it's tougher to get people to go and trade something like Bitcoin and eth that is very volatile but this is just the US dollar and so like they don't even really need to know or like they won't really have to figure any of that stuff out like e even then
to get into the E system let's say you do all of a sudden then learn about crypto the one issue that always happens if you don't have eth in your wallet or automatic in your wallet or sold in your wallet you can't transact on those chains but what coinbase wallet has also done is allows you to use your usdc to pay gas so you transfer this over on base and you use your usdc to pay for the gas and Al and you can start to buy it of te's and do other things and you never had to go and like one you never had to go and get coinbase and actually like move Fiat into crypto and get eth you can just do it all this way so just yeah there's just so much from this I think this is just massive massive but let's move on so that's not the only
thing that coinbase launched recently uh K you took a deep breath was I took a deep breath I'm excited so the GTO airdrop just happened today this morning actually as soon as we clicked a record I've literally been trying to sell a little bit of my uh my goo while we're on there here but anyway coinbase is starting to become more friendly to I mean they've always been friendly I think on Twitter people think Quin Miss Hat salana it's not true just because they launched L2 on ethereum which we'll talk about why they did that in a second we talk about other l2s but quas has outed support for jeto which is a brand new Soul token that just launched today which is a pretty big deal qu doesn't usually add support like immediately but anyway if you swapped
your soul into jto Soul which is the Lio version of SL let's say you may be eligible for an air drop it's now open today currently trading at like a buck 50 which means people were air dropped $5,000 plus I was on the lowest tier I got 4,9 whatever 40 tokens which is currently worth about $8,000 us which is absolutely insane now I can't sell it because it's not working I don't know why but it's absolutely wild this is one of the biggest aird drops ever at least on Salon it is for sure we'll see where things go I think the market cap of jto is currently around like 200 million or something like that so pretty big deal there's a lot of opportunity Sol ecosystem this is why I want to bring this up what's happening right now why you probably heard the the
pyth one happened a couple weeks ago there's Jupiter that's launching theirs and there's like if you're on Twitter everyone's talking about this the reason that salana tokens or salana projects and applications are are launching tokens right now is because they need to decentralize you don't decentralize when your your applications have no money in it and it's not really doing anything no users right but all of a sudden we're getting an ecosystem that's growing there are now users in salana there's liquidity moving there and so a lot of these applications have millions hundreds of millions of dollars of liquidity and so it's important at that point you start to decentralize you wouldn't want the government to come shut you down Etc so launching a token is a way decentralized because you decentralize the governance of the system itself and so that's what's
happening is all these applications D5 protocols mainly are now launching tokens so they can decentralize the protocols the same thing happened in 2020 with ethereum ethereum started to gain some liquidity and pick up early 2020 and so Unis swap decentralized by launching a token and a bunch of others followed and if you were early playing around those things you made a lot of money I made 20K Plus in 2020 2021 with s and Unis swap optimism and arbitr and blah blah blah so on and so forth there's so many and so the nice thing about Sal right now though is there's a lot of people just still not on salana in the ecosystem like a lot of the ethereum people still haven't moved over there so like this jeto one the reason it's so big is there was only 10,000 people that got that were a part of this
10,000 that's it and they were dropping 10% of all their tokens and I think it was 10% something like that and so that's a lot that goes to just 10,000 people and so if you were one of those you could make some really really good money and this is true now it's going to pick up this all over Twitter I mean we're talking about it a bunch of podcasts talking about it it's like this opportunity is not going to be around forever I would assume that there's going to be more air drops but they're going to be worth less and less as we go along so just be aware of that if you're looking to do this there's no reason you should not be farming some of these drops right now which when I say fir it's just go try some of this stuff play
around learn about lending learn about borrowing learn about staking that's all I did I just I just Stak some soul that's it and I'm getting this jeto aird drop so it's pretty simple we've got a article coming out I believe Friday morning with some more opportunities on potential Salon air drops so if you're not subscribed to our newsletter the link is in the shs below go subscribe to that it's free I think we're sharing like six or seven different ones that you can fire right now and how to so it's pretty simple pretty easy but the other thing was we've always talked about airdrops and how like we weren't sure if they're a good thing if they're a bad thing and the interesting thing is in a bare Market they're not a good thing because there's no demand and so people just sell your tokens right away
in Bull markets it's a little bit different look these tokens that they're driving now are I don't want to say useless but they're just governance tokens and we know no one cares about governance we've learned that over the years and we've talked tons about that in this podcast but what do people care about in the bull market speculation and when there's new shiny tokens on the market what do people do they buy the new shiny tokens and so when you launch tokens now even if they're governance that don't do anything for most people that aren't going to govern this these protocols people want to speculate on them and so like py for example that launched a couple weeks ago has already up over like 650 million market cap so like if you bought the airdrop you gained that hasn't happened for the last year and a half two years right so it's
a whole different market now a whole different vibe and so aird drops are worth a lot of money now they were before because immediately you drop and they go down to like nothing now they go up which is crazy so anyway just something to be aware of as you do this and and one reason we know that we're in this sort of Bull Run speculation phase is well if we look at Bon which is the meme coin of the salana ecosystem you can think of it like the I don't know maybe the Pepe of of ethereum but not even I'd probably say the shib of ethereum or the Doge from just the crypto world back in the day this thing is just a meme coin it doesn't do anything but it's sort of the meme of the salon ecosystem which look as much as Jay and I don't care about these
things some people do and we know that this industry is full of degens especially right now and so this token has gone absolutely insane Bon is now up over $620 million market cap it's up 163% last last seven days 32% in the last 24 hours it's just next level now I'm not saying that you should go in on that but what I am saying is that signals okay we're in a bull market at least in the salon ecosystem but I think we are kind of everywhere but the salana one is just like on a whole another level right now so there's just a lot happening and if you don't have Capital playing around in that space you're really really missing out so I can't stress it enough though what I would say is be careful I think we're nowhere near the top of the cycle but you definitely
get tops of narratives you get tops of meme coins and then it moves on to something else so on and so forth and so you want to look for when things get too bullish and too euphoric that's probably not the time to be entering and if you're on Twitter right now everyone is talking about Bach so much so that there was a tweet that I screenshotted here as you can see on our screen it says yo coinbase list Bon and I'll get a nice visible coinbase tattoo you can even pick the spot in size within reason that's Euphoria that's someone who's making money on Bonk and is losing their mind and I think tattoos are a clear top signal there was a bunch of people that got teruna tattoos in 2022 and a couple months later it collapsed to zero so if you see a bunch
of people running around getting tattoos especially if it's a meme coin I probably wouldn't be buying that thing that's my analysis it's that that's the the signal verse noise advice there right yeah yeah set your Twitter feed to look search for tattoo and crypto and and you'll know when to sell maybe add Coke in there too on the yeah yeah right right and you'll be all good okay let's go from balana to cross chain swaps big announcement here match a new cross chain swap mechanism has launched which is going to allow you to directly swap tokens across seven chains let me pull it up here Kai and we can show people
who are watching on YouTube uh and walk people through how easy and simple this is okay so here I've got it up you can see here you can select a token they have seven chains here they have eth polygon arbitrum base op and binance and you Avalanches on there too and there's a few others that's just a few of them yeah Phantom CEO so not just l2s this is l1's as well and you can pick any token it would seem that are on these chains and swap directly to another chain so you could swap from Bon on salana to Pepe on eth not sure why you do that DJ swap well you can't slot is not actually
on this one yet but I'm sure they will be but the same idea of any other meme coin and any other chain the cool thing about this is a few things there's no Bridge here right bridges are the big problem not necessarily from L2 to L2 those are fine because they're secured and settled by the same settlement layer ethereum and so those are fine it's the bridges that go from L1 to L1 where you're literally taking one asset putting it in this like honey pot where anyone can hack into and most bridges have been hacked since the beginning really those are not things that I would necessarily want to use but this is more like a think of like how Unis swap Works where there's liquidity pools and you move from one to the other there's no actually like acid just kind of sitting somewhere that's what this is and so you
don't need a bridge and then also you can just swap from one to the other and you get the native token the other it's not a wraps token like what you used to get if you used Bridges and then what's really cool about this is you can use and you can swap from one token to any other token all in one go so you're going from one exchange to the other and also one token to the other all in one shot and this just is something like one we don't really have a ton of thorchain is the other example this that's like the OG that's done this for a while in terms of like getting Bitcoin over to ethereum Etc which was a massive breakthrough and now that matcha is opening up to more platforms I don't know a ton about the security of matcha
yet so I'm not saying go use this a ton But ultimately once you've used it as long as you have your tokens to the other side you're all good there's you're not holding any money in a bridge which is the key key key security risk and so this is what's really going to fix the ux of this ecosystem because obviously we are living in a multi-chain world those are going to be many l2s there are going to be multiple l1s I don't think it's necessarily many but maybe and there's liquidity on all them and we want to be able to allow you to go from one chain to the other without having to use a centralized exchange if you think about it right now what's crazy is every time you've ever wanted to move Bitcoin into any other currency whether that's Fiat or eth or whatever
you you've had to use a centralized exchange every single time there's been no trades on bitcoin to get to another asset that has not used a centralized third party which is crazy because bitcoin's whole premise was this sort of decentralized permissions thing you've always had to ask permission to get or to get out of Bitcoin thorchain has changed that matcha has also changed that not for Bitcoin but for other chains that are on there so it's a pretty big deal and eventually what will happen is this will go under the layer and get abstracted away and so you'll just go to buy X token inside of your app and then matcha or whatever will be underneath and it'll just take your assets from one chain swap it into the other token and then you'll just get the token all in one shot you didn't have to
think about like going over to matcha bridging like swapping over to another chain all that kind of stuff it'll just do it all one motion for you and then that's when right now people are all complaining about l2s and it's oh you're fragmenting liquidity that'll all get abstracted away it won't be an issue just we need things like this like matcha to exist before we can do that yeah super exciting I mean we just desperately need it makes everything so much more simple for all the ux so shout out to MCH and the team excited to see people use that well it's switch from that to more exciting news huge Innovation helium mobile has launched a $20 per month Nationwide Plan phone plan that is available all across America so
in the US right now the average American spends $157 per month on their cell phone plan now with helium you can get a cell phone plan for $20 a month we talked about helium back in the summer when they launched their pilot program in Miami which was actually a $5 per month plan and if you're in Miami you can still get that plan they're still offering that pilot plan but we knew that wasn't sustainable and that $5 per month was not going to be the long term they were just really looking to get people onto the network in order to start to test and exper experiment that apparently went really well and now they have this Nationwide
plan for $20 how do they do this well they do it through their own network that they have built by people regular people like you and I offering hotspots so anybody can go and buy a hotspot rig and set it up in your house and you can take your internet and then put it on to the helium Network and offer up your internet to make some tokens you get paid out in helium tokens and then you provide cell phone service across America so this is the idea of decentralizing cell phone service rather than just having a few companies that own all the infrastructure for cell phone service okay let's get it into the
hands of the many and allow them to offer it this will do two things one it should get more service in rural areas so long obviously as helium can get people in rural areas to do this to offer this up and if incentives are there I think people will and the other thing it'll do is it'll bring down the cost of cell phone plans which we desperately need because the average American should not be spending $157 us for a cell phone that's crazy it's so much cheaper when you go to other countries this is why I love living in like Nicaragua and stuff it's like 20 bucks and you get limited everything if that and so this is obviously a big disruptor for the industry it's not fully like a lot of it probably for now is you're going to need to use T-Mobile I think as their backup
in case there isn't a hot spot where you are you use T-Mobile so I would imagine that's quite expensive for helium for now but I think their hope is that they can get more people to come and um run these hotpots but this is one of those things that can only exist on chain and in fact actually only exists on salana currently and that's because you have crypto in sentos people wouldn't run these hot spots unless you can pay them and so when they run these they get paid in the helium token which is I think we were looking earlier it's up a ton today as a result of this yeah % right now 30% yeah just basically off this news probably but you can't set this sort of system up without crypto incentives the ability to like stream payments which is exactly what's happening here so really
cool and then just there's so much so many transactions happening from this you can't really do anywhere else other than salana which is the old marketing campaign only possible on salana way to go salana way to go helium shout out to that if any of our listeners have the helium Mobile plan would love to hear from you and learn about what it's like to use please reach out to us maybe we can uh chat and get some Insider information from you neither KY or in the US otherwise I'm sure we would be getting this okay let's go to the next story which is switching from mobile service to stable coins Societe genal which is a nice pronunciation Jay did I get that right it's a French lending
Bank forgive me the French the Europeans if I pronounce that wrong is it a French lending bank that is the first big bank to list a stable coin so they actually are launching their own stable coin it's called your convertible and they're launching it on bitstamp so this is the first major Bank to offer digital tokens on a exchange on a crypto exchange uh big news this is an ethereum based stable coin and the reason Euro stable coin not a us one right it's a Euro it's a Euro yeah Euro Euro tied to the the Euro and the reason that they're doing this is we've talked a lot about trafi and what they are doing on blockchain
and they're doing a lot we just don't get it as much in our news circles because most of what they're doing is not for retail it's not for consumers most of what trafi is doing with blockchain right now is to offer blockchain rails to their institutional clients to just basically make moving money easier cheaper faster and so that's exactly what Society General is doing here is they're offering the stable coin so that their institutional clients who are moving hundreds of millions of Euros from around the world in order to operate their business so that they can do it easier by using a stable coin uh they launched it on Monday and as part of the test one of
their clients which is AXA which is a a large asset management company that has an insurance company uh and they bought 5 million EUR worth of to cized green bonds using this stable coin on Monday so you can see already institutional clients using this and yeah it's great to see that these large Banks understand they clearly understand the need and the use case of stable coins who wouldn't want to send money in an easier faster cheaper way Kai my question here is will every Bank launch their own stable coin yeah it's a good question I don't see why not other than you get a big sort of mix of liquidity I guess but it there's
there's really no harm to it it's a great business model right anyone who gives a dollar you give them a dollar back and then you put that into into treasuries so it it makes sense it's already the business model of banks right is to do that just not give them a stable coin it's just give them a a digital Dollar in their bank account right so instead now you put it on chain what I think really happens though is I think every Bank launches an L2 I think they start to take coinbase as Playbook now why everyone's like well there's so many l2s it's fragmenting liquidity blah BL first of all all that gets fixed we already talked about like matcha and stuff that's going to fix the the liquidity fragmentation set of things but the reason that I think they all launch it out two is it's very obvious
that onchain is better than online you just explained why that is right that's true for everyone and so you're going to want to bring your customers to the best places right whether it's you transacting as the bank on chain or it's allowing your customers to transact on chain because that's where the best most Global uh best rates all these things are for financial services so of of course you want that money to move on chain you even want your customers to move on chain to do things now you want them to do them within your financial services you think right now like your bank account you go online banking and you have a bunch of financial services you can take out loans you can get a credit line you get a mortgage you can invest Etc they want them to do that in your app well it's very obvious that
more and more people are going to do that on chain and not online right and so right now what is The fuddle Happening of money people are going from their Banks to coinbase to onchain and it never leaves that it stays in coinbase or onchain right unless they got to like pay for some things but for the most part it's staying there it's like a black hole sucking in capital and this is gonna happen more and more after every single cycle and Banks obviously see this this is why they're all trying to get involved in crypto right now and so what banks need to do is they need to become the bridge from Fiat to onchain right and so again that's what coinbase was and so sure every Bank could do the coinbase out of thing of hey we can allow you to buy eth and whatever stable
coins and whatever and move on shame but that's not enough for they don't really want you to go on chain without using their services so how do you control that what did coinbase do they launch base and now they have services on there other people can build on top of that as well and then they can push you on the chain and they can make a profit off of you doing your own Financial Services or doing them for you because every transaction pays base right and so why wouldn't every Bank do that they either here's their options they can use a they have to use a layer two they're not going to use an L1 for this long term and so they can either pay optimism or arbitrum or base and they take the cut of the extra that is so you pay a fe fee
on l2s part of it has to go to ethereum and then you take the the rest right so they can either do that and let optimism take it or it's very easy to launch your own L2 now with the op stack Etc and so they launch their own L2 and then they make the money on all the transactions that happen on there and now they actually are happy to push you on chain and so what I'm thinking happens is every Bank launches their own L2 whether laun stable coin and tokens probably I think every bank now becomes their own little crypto ecosystem but they're not going to do that on salana they're not going to do that on Avalanche they're going to do that on somewhere where they don't have to build their own blockchain because they know they can't do that and that's just insane but they'll do it on
L2 because that makes most sense or maybe like Cosmos whatever they'll do something where it exists for them to have their own chain where they can profit from it and have their own sovereignty from it whereas I don't think they'll go use other chains like optimism or like salon whatever right like I don't think they'll use someone else's execution layer I think they'll use their own and then they'll build whatever they want on top of that and I think it's goes bigger than just Banks I think we'll start to see this and actually I think the next news we're going to talk about is this I think you'll see this with every platform business out there banks are platforms right they want you to do things on top of their thing same with Amazon e-commerce Shopify these are all Apple like these are all platforms and when
everything goes on chain they're going to want you to be on their platform and so you can think of twos as just like platform forms for any single use case that exists and so I think it goes bigger than just Banks and so what's this news this will actually U this will showcase this for us yeah so news out of the polygon ecosystem flip cart which is the largest e-commerce uh platform in India and also one of the largest payment companies in India is launching an ecosystem chain using the polygon cdk so huge news news flip cart is a $ 38 billion company they are invested in by Walmart Ubisoft and many others and
what are they doing they want to be on the Forefront of web 3 and they want to be ahead of the curve and they want to make sure that they can do things on chain within the flip cart ecosystem but they can do it on their own L2 which means a it's a revenue source for them and B they have somewhat control over the way that the their users interact within that Chain's ecosystem incentives the way that they can Market to them the way that they can grow that chain the way they can incentivize merchants and other vendors to come into the flip cart
ecosystem it really is I think this this concept of platforms launching their own L2 as you've just been talking about Kai is really the future and we're going to see more and more companies like flip cart doing this and just huge news 38 billion dollar company is launching their own L2 on polygon whoa yeah that's that was Jay and I just were we were like who's flip cart and then we asked some of our team is is from India and they were like oh yeah it's it's this e-commerce giant whatever and we were looking up how big they are it's $ 38 billion doll company just launched an L2 and I was like whoa that I mean like coinbase would be the biggest company ever launched L2 I mean I guess they're now 38 million uh or 38 billion with their market cap but that's only
happened in the last like two weeks because they've blown up before that they were on like 10 they're also a crypto company I think this would be the first multi-billion dollar non- crypto company to La L2 I think but anyway it's a big deal and I I think people are really I'm surprised we've talked about for so long and I think the buzz around salana has got people so excited that everyone's like oh the LTS are all trash now and I just I think people are missing it I think every every big company is going to launch L2 and control their own little ecosystem Well here here's a good one for you Kai when will Starbucks launch their own L2 yeah very interesting I don't know there's I just sort of got this idea of all these companies launching l2s I need to think
through it more then maybe we'll do a deep dive on it or something okay let's keep rolling along for today's news because we still got more to get through o Bears has partnered with Zara OK Bears one of the leading pfp collections on salana which did very well during the last bull market actually and now has been pumping again because every nft on Shalon it is pumping right now as a result of all the liquidity coming in space you got so many new rich people Rich DJs and what do they do they go buy luxury goods they go buy nfts so OK Bears is pumping and this is a huge partnership Zara one of the the largest fashion retailers in the world over I think 3,000 stores but in this
partnership you can see up on screen here there's going to be t-shirts sweaters hoodies hats all available using the OK Bears IP it it'll be available in over 1100 Zara stores across 74 countries my guess is this is a licensing deal very similar to the pudgy Penguins business model you develop in IP that people love that people want they want to wear it they want to associate with it and then you do partnership deals with various brands that have reach that sell products and sell Goods Zara obviously has a massive reach to sell fashion and you do a partnership with them where Zara is basically going to either pay a
licensing fee to OK Bears or they're going to pay a royalty fee or a combination of both the way these licensing deals works out is different each case but it's going to huge for ok Bears huge shout out to OK Bears this is the type of deal that we love to see because this is going to funnel Revenue to OK bears not just from selling more nfts but from an actual product that people want helps okay Bears build their business make it more sustainable and also if you're an nft holder of an okay bear this is great for you too you're not going to see direct money come from this because you obviously don't get royalties when OK Bears does a partnership like this but I'll tell you what if more and more people are wearing okay Bears well I'll tell you they're
going to want the nft they're going to want the pfp because they're going want to associate with that brand that has more popularity more clout more people care about it and it opens the door for ok Bears to do more Partnerships and eventually include some sort of wealthier different things but like you got to build a business first and your first partnership with a big brand is not that this is just the foot through the door right that said it's very good to see and very cool to see nft some nft companies actually like fulfilling what they said they would years ago in the in the last bull market not many of them have have they there's just a few that really turn these things into real like brand IP type businesses and you just you love to see it because at least we
can show like hey this stuff actually did work not many of them out of the thousands that were launched there's just a few but that's very typical of any new business model and any new type of business but just good to see some of these like really making it love it I bought none of them unfortunately I don't know that that's not unfortunate yet yeah yeah right right but you know what sucks is early on pudgy Penguins when we started to see oh like they're actually launching things they're doing things and there wasn't they still didn't pump but we covered everything pudgey Penguins was doing and Pudge Penguins now over like 10 eth floor and it was I think a couple eth if that when we were it was like two or three East yeah and we even debated on buying one and I was like I just
don't really want to buy any FTS but like I was like if I did that would be the one and too bad too bad so sad sorry you got 10 grand in the goo air drop it's a staking CME me over ey okay next up this isn't the biggest news but I I always we always really try to cover a few different types of news on the show and one of the categories that we always try to cover is free and simple ways that you as a user can just experience on chain more and maybe even get some rewards for it and so this is one of those examples sound XYZ has partnered with coinbase and through this partnership they're doing a first ever onchain music Quest and if you
participate you can earn op tokens as a reward so it's pretty simple there's five tracks that they've picked from five prominent leading onchain musicians and if you go collect one of their songs then you can earn op tokens as rewards very simple Quest quests are obviously a very popular marketing TCT tactic in crypto and in web 3 and right now if you're listening to music which I'm sure everybody listening to this podcast listens to music you should go try sound or audius or we're not partnered with any of these apps I want to be clear here I'm not pumping any of our sponsors or anything like that I'm saying this
because we all listen to music and you need to go at least experience on Chain music so you can see what it's all about so you can be early and you can be prepared not that there's going to be some big Financial or speculative opportunity in onchain music more so that these are the use cases for onchain that are going to bring billions in this is what is going to bring a new person onchain not every person in the world is going to invest in Bitcoin and invest in a token a lot of people just love to listen to music and oh wow by listening to music in an onchain way it's going to change my relationship with the artist it's going to give me access to that artist in a different way maybe I can
purchase tickets earlier these are all the things that are coming down the road and you want to be ahead of that and hey if you go do this Quest right now in coinbase then you could make some money too in the form of op tokens yeah and I mean look sound doesn't have a token yet so maybe one day they did many of you actually chriv but anyway the other reason you should do this is we talk all the time about how the way we use crypto now is not how we're going to use it in the future and what I mean is all the blockchain stuff will get abstracted away bridg crypto in general like most that stuff's getting abstracted away if you want to see there's not many apps that have done this already but there's a couple and sound is one of them and so if you want
to see the future of how apps that are on chain will work and function go use sound when people complain about fragmented and bridging and fragmented liquidity and like having all these chains and whatever and trying to deal with the signing transactions blah blah blah go use coinbase wallet and use sound or don't even use coinbase wallet just go side up to sound and just see what you end up doing you don't even have to think about crypto once it's EIT up with email use credit card if you want you can use crypto if you want and connect in a wallet if you have one it's an incredible experience and this is more along the lines of what where all apps will go in the future they're not all there yet and again what we do if you're aird drop farming right now and
you're using these Dei stff like this is not the world that we will live in in three years from now sound is and so I highly recommend you go check that out okay time for our newest segment my favorite part of the show this segment is called agree disagree or explain I'm going to pull up some headlines from the past week and we're going to either agree disagree or explain them to you let's start off with a big one Bloomberg says that this is the start of a fresh crypto super cycle that will push Bitcoin above 500 ,000 do I agree with that a super cycle okay so a super cycle for those that
don't know every cycle there are people that say this is the super cycle which means there is no more bare Market it's just up only for like years and years and years which is to be fair these do happen like the tech industry this happened from like 2005 like after the dotc bust really it went straight well I guess after the financial crisis 2008 all the way until like 2020 we didn't really have much of a bar Market at all if you held Amazon Apple any of these it was just up and up and up but you had a couple big Cycles before that and so a lot of people are thinking that crypto is going to have the same sort of thing we have these huge cycles and then once you sort of go mainstream it's just sort of an up and up and up and up thing and
that's what they're calling the super cycle do we have the super cycle right now I don't know the one thing that leads me to think like potentially at least leads me to think like we have a lot smaller bar markets than we used to is the ETF is just I don't think people realize how big of a deal it is because there's so many people that have been on the sidelines that just have not been able to buy this stuff and a lot of financial advisers have not been able to recommend it because they can't ask you to go get a coinbase accounts they want you to buy ETFs ETFs is like everything in the financial world and so pension plans like big funds Etc like these things they they just allocate through ETFs and they'll put like you know 1% in this industry or 5% of this industry
they've never been able to allocate to crypto and so with these ETFs you now get like trillions of dollars that can put 1% 5% and you have an army of financial advisers all over the us that are going to promote this stuff it's just it's such a big pipe that's opening Plus at the same time that we have like real use cases I don't know do I think we had 500,000 actually when I did the price predictions report a couple weeks ago in Pro that was part of the range that's a lot though it's a big market cap like we're getting close to I think it's a 10 trillion market cap for Bitcoin if we reach that so I don't know I mean your your range in the price prediction report from a few weeks ago was
180 188k to 1.2 million I believe if I remember correct yeah correct but like those were just ranged based off some chart stuff that I did and based off like historicals and patterns and things so like I don't actually predict the 1 million Bitcoin this cycle by any means and also this was predictions that are happening by 202 2 which of course if we go super cycle it's much longer than that I don't know it's too early for me to say I can't agree but I can't disagree well then you explained then you explained we appreciate the explanation and and just on that note if you want to understand how these prices can be predicted look we're not we don't
have a crystal ball but we can use onchain tools and technical analysis to predict prices and Kyle wrote a great report on price prediction for BTC for Ethan for soul we'll throw the link in the show notes if you want to subscribe to web Academy Pro you can read that report BK to 500k superide disagree disagree okay next jamy Diamond the head of JP Morgan went before a senate Banking Committee hearing and strongly criticized crypto particularly Bitcoin let me see read you what he said here said I've always been deeply opposed to crypto Bitcoin Etc the
only true use case for it is criminals drug crap traffickers money launderers and tax avoidance if I were the government I'd close it down do before you stand let me let me bring up let me bring up a take here so then there was many many takes to this Chris bernis said and this is one of the best takes we saw dear Jamie and Elizabeth Elizabeth Warren was the leader of this senate committee hearing he said just as VoIP allowed that's voice over IP or voice over Internet Protocol allowed anyone and WhatsApp Etc yeah allowed anyone anywhere to call anyone else anywhere else at zero cost so too will
MIP or money over Internet Protocol allow for in through the instant and free transfer of value well you and your cronies may be upset about not controlling it and thereby falsely claiming it's only good for criminals We Know Better MIP is the future sincerely your internet friends now that I agree with by the way I love that take I had never heard of it that way I don't think anyone has ever explained it that way so this is why I was like we need to talk about this one first of all I would say to Jamie Diamond and his crew good luck because they can't shut it down so it doesn't matter what they want it's not going to happen number two that would be a terrible idea for many reasons and then number three he's completely wrong it's not just used for it's actually a terrible thing to use
for tax avoidance because you can literally take someone's wallet plug it into a thing and boom you can see all the trades they've ever made and it's open transparent so like it's actually going to help them with taxes you can also automate it all so there's a lot this will do to help that they don't like that it's not part of sanctions and it's not part of what's the like Swift and all these things where they can control how money is moved but too bad so sad we don't want them to control it and again it's decentralized there's nothing you can do about it but I love this idea of money over Internet Protocol which is exactly what it is right you think of ethereum SL these are internet protocols that facilitate the movement of money the movement of value and don't just think currencies as in
like your Fiat currencies but of anything right this is what nfts are Etc and this is allows you to do it without anyone like permissionless Le and super cheap basically free and you can do it anywhere there's no borders in the way exactly what vo which we all know of with Skype and WhatsApp and FaceTime where you can just call anyone just you need some data and you can call anyone you want for as long as you want from wherever you want it's not like using your sim card where like you need to get a phone number in a specific jurisdiction and there's longdistance charges like you don't get that on viip and that's just such a great comparison and just like mental framework to understand what crypto really is that's just imagine what happens when you have this money over Internet Protocol I mean
we already are imagining it but it's such a great take I love it so I agree with Chris I I also I gotta say here it's just so hypocritical for Jamie Diamond to say things like this like I get that he needs to present this he's doing this for PR right he he has very clearly been instructed by his team and they've decided we want to stand make this stance as our narrative is we are against crypto because I guess that's what he believes is going to help their business and that's what their customers want to hear but he has a CH there's JP Morgan coin he has yeah at the same time JP Morgan is actively doing a lot on chain they have their own token JP
Morgan coin which we've talked about in the past and does heavy heavy transaction volume currently it's an institutional based coin very similar to what Society General is doing of just allowing for their institutional clients to transfer money on chain cheaper so like JP Morgan is actively using blockchain also JP Morgan is the second highest fined Bank in the last 20 years JP Morgan let me find this number here look at this tweet right under here while you look up that Jay while you look up I'll just thr this this so right underneath Chris's Tweet someone goes this video hits a bit different when you learn that JP Morgan was the banking partner for Jeffrey Epstein's operation the largest trafficking case in history so what they talking about JP
Morgan has paid 39.3 billion dollars in fines across 272 violations since 2000 that's all before CZ says hold my [Laughter] beer okay let's keep moving along next one learn something wild today it's now well known that usdt dominates usdc in Africa but the reason is the compliant nature of usdc causes people to perceive it to be the USA government coin that can be censored whereas usdt is viewed as the Wild West uncensorable coin yeah I love this I love this take and what's
interesting about it to me is we in in America and North America let's say and maybe even in Europe I would say we believe that usdc is the safe asset right we're like this is the one that's good that you want to be to you don't want to be in tether you don't want to be in usct there's so much fun about tether and then you go outside of the like Western World you go to Asia you go to South America and they all use USD and they're like no we don't want to use usdc because that's the government coin that's the one that's like that that's the risky one and so it's like it's all about perspective and you got to understand that in this space that's what I think a lot of people don't get and why I love this one so much is like
there are many different perspectives all around the world and people live in very different scenarios than what you the person listening to this podcast live in and so like you might think something isn't great or something doesn't make sense but you got to think about well what about people on the other side of the world because this is a global industry right so we're all using these things and so you might be afraid of usct and be well why the heck is this market cap growing so much and you just got to think well of course in the US it's not growing but in other parts of the world okay it is even things of like these ethereum l2s versus salana you who uses the blockchain that like is dinking around with all this stuff salana is a better experience for you most people won't dink around with
the blockchain they'll just use apps that are built on top of it that abstract it all way and so the difference between salon and L2 is zero for most people in the world you don't know the difference right we have to bridge because we had we were early we have assets on e but most people they don't have to bridge they never to think about know what the hell a bridge is and so your perspective of this is very different than someone else's which is true of these in terms of dollars and stable Co it's true of the way that we're going to use the chain it's true of many things and just a really good thing to continuously think of what I love is when we use technical terms like dink around on chain do up to web3 Academy where we bring the technical to
you and speak in the layman's terms so you guys get what we're saying okay next up the last agree disagree explained for today from none other than the President Joe Biden he says on Twitter let me be clear to any corporation that hasn't brought their prices back down even as inflation has come down it's time to stop the price gouging give American consumers a break so this is the dest Tweet of 2023 by far what's funny is this is the president tweeting on X I guess not called tweeting but whatever and there's you know you can do the comments where like if something is false then the community on X can like go and say like what's actually true
there's like a little warning underneath it so they did that here and it just says as long as the inflation rate is positive prices are still increasing the fact that inflation has come down to 3.2% our to means that prices are still going up Al be at a slower rate than before so what they're saying here what Joe Biden seems to not understand is inflation is down but that's the rate of inflation is down the prices are still inflating which means that in dollar terms it's still going up it's just the amount that it's going up month to month or year to year is going down but the price of everything still is increasing by 3.2% was the last reading right and so he seems to think that the prices of things are actually going down but it's not that which is just like how can the
president of the United States not understand that so complete disagree and just such a laughable World we're in okay so for today we we had half agree half disagree with the 500k price for BTC in the possible super cycle really because it's just too early to tell but definitely possible definitely possible give a little explanation there we had a strong disagree with Jamie Diamond saying we should shut down crypto and that it's only used by money money launderers even though JP Morgan is an active crypto user themselves and then we had a agree with the perception in different countries around usdt versus usdc very interesting to remember how
much perception impacts the decisions we made and impacts the narrative and then obviously a strong disagree with Joe Biden's take on inflation that's a wrap on today's show thanks so much for listening in everybody I hope you all take the time to watch what is going on in salana right now and get involved and take advantage of the airdrop season that is happening not just so you can Farm but so that you can experience onchain and get some free money for Dooney the beginning of the bull market do you like let's say you get a thousand bucks now that's 10,000 by the end of the end of the bull market and it's not
hard to get a thousand bucks and this is real let's be clear here Kai just got about $10,000 depending upon the price of Geo but he got about $10,000 for 10 days of staking J 10 days he did this 10 days got that much free money me doesn't always I've been trading it in the middle throughout this episode I have another screen and I have been trying to trade my jeto not all of it because I but I managed to trade a thousand so far for 2,000 bucks so got jeto out for two bucks a pop so that's pretty cool I can't get the rest out I don't know what's going on I haven't been able to like research and figure it out I don't know if the salana chain is down I don't think it is I think it's just some issues with the exchanges probably not
enough liquidity or whatever but it's been a wild little episode here make make sure you subscribe to our newsletter if you're not already subscribed because today when you're listening to this Friday morning we are putting out a newsletter on how you can take advantage of upcoming airdrops on salana what you need to do what are the air drops you can take advantage of because there's more to come this is just the beginning thanks for listening in everybody be an onchain doer get involved have yourselves a great 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 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 more than you're willing to lose thank you friends and see you in the next one