Weekly web3 news: ApeCoin DAO chooses a chain and Bitcoin reaches $52K

Transcript

imagine you've got $500 million in your dowo Treasury and you've got to decide which L2 you're going to build on well that's exactly what apoin Dow did this week and the votes are in we're going to tell you which chain they chose along with so much more in today's episode gmgm welcome to web3 Academy you're one trusted source to capitalize on the next big phase of the internet we are here to make sense of an on chain World in constant transformation I'm jbird along with my co-host Kyle rehead and we believe that Pennies on chain are going to change the world so much happening this week salana Sega sells out their

pre-orders at 100,000 phones this is a big deal but that's actually not the big biggest deal we're going to talk about a tweet that Anatoli put out about the $45 million that they made off of these phones it's not profit so they didn't actually make that but around the transaction fees that are asso ass with that we're going to break down why crypto so damn amazing speaking of pennies we'll talk about coinbase in their new marketing campaign of course blast the next big thing on ethereum and in crypto we'll talk about that there's a big scam that you need to be aware of it actually wasn't a scam but we thought it was and then now it actually might be so like just there's a lot going on one of the biggest aird drops that happened in the industry just happened Stark net we're going to cover

a bunch there because there's so much weird stuff happening in that world it's a pretty controver commcial air drop to say the least and then of course as per usual we have a bunch of agree disagrees as well as a market watch section and markets if you didn't know are pumping so we're gonna talk about why and what the heck we think about what's going on there but before we do deep breath as always Jason sorry jay what is your gratitude today I like how you apologize for calling me Jason you can call me Jason it is my legal name although no one calls me it anymore I am grateful for Valentine's Day I can't believe I'm saying this I Now understand okay wait last week you were grateful for Taylor Swift this week you're grateful for Valentine's on the record this is man

wait until you have a kid this is what happens to you okay you have a kid and all of a sudden you don't get date night you don't get to hang out with your partner very often like just the two of you because literally your entire life becomes your child and Sam and I got to go on a date last night because it was Valentine's Day I planted in advance and we got a babysitter and so I am grateful that I had an excuse to hang out oneon-one with my beautiful wife Sam who I love so much and yeah just have a great date night it feels like such a treat when you have an eight-month-old that's amazing my gratitude little bit different as per usual my Valentine's Day which I'm also grateful for but was a little bit different I woke up in

Chile and I fell asleep in Rio de Janeiro so we woke up we packed up we headed on the plane and we flew over to Brazil and so now we are in Brazil for Carnival it's actually the tail end of carnal so we're actually not in the crazy part of it all though I think there's like one day left so we'll experience it over the weekend U which is cool one of the biggest uh parties in the world but either way we are in RI deser I'm currently in um on Copacabana beach in our hotel well actually in the the web three Academy Brazil office as you can see in the background here if you're watching and Rio deire is a place that I have wanted to go to almost my entire life I've always wanted to see this beach and just like the skyline of all

the buildings across the beach and unfortunately we flew in last night so I didn't get to see it was dark and then I went upstairs this morning to the pool at the top of our hotel and it's raining so and cloudy and foggy so I still haven't seen it so I'm hoping that by the time we finish this podcast I'll get to see that but either way grateful to be here in Rio I think we should do a poll of whose life are you more jealous of I I already know the answer Jay or Kyle most of you are going to be more jealous of you because you live this nomadic travel amazing lifestyle uh but Whistler that's of the best place we just we just have such different Lifestyles these days it would be great to ask ask her audience what they think on the note of a poll though that is not

today's poll today's poll is all about social cues we're g to tell you what it is in a second but before we get into that and market watch if you aren't subscribed to our newsletter you're going to want to subscribe because we make sure that you guys are up Tod date every week on all the current news so go down to the show notes hit subscribe for our newsletter and you know what if you got a second while you're listening to the podcast please give us a like give us a review on whatever platform you're on it makes a big difference for us to get in front of more people on that note let's go over to what is going on in the markets this week starting off with Bitcoin Kai what happened with Bitcoin

this week it's been just a wonderful week for crypto in general but Bitcoin sitting at 52,000 $324 American dollars it's a wonderful thing so on the day we're up 1% so another good day but on the week 18% it's been a banger of a week we were up 18% it's good stuff it's good stuff it's good time to be a Bitcoin holder that's for sure okay sounds great what about ether even well I was going to say even better but I guess technically on the week it's not even better but today it's up 2% it's sitting at $2,835 we were nearing that 3,000 Mark that I've talked about previously on the week though we are up 16.9 so 177% on the week it's been an amazing week for

for both these assets popping off things are looking good let's go to salana salana is up 13% of the week so it's lagging behind the majors uh which we figured at some point this was going to happen so it's lagging on the week it's not legging like if you look further back so it's still doing really really well but up two or sorry down 2% on the day up 13.25% on the week it's sitting at $14.56 I guess for one Soul so again everything's pumping bags are looking good amazing okay last number we always look at total crypto market cap yeah this is getting close to $2 trillion do Bitcoin actually hit the trillion dollars itself and now we have the total crypto market cap which is at

1.9 trillion dollar so it's getting very close to two trillion which is I mean it's becoming one of the bigger asset classes in the world it's really really exciting My Hope for this cycle can we get to 10 trillion I think so that's the goal you wow the minimum goal actually yeah I was going to say that is 5X from here sounds great for all of us and everybody listening I'm sure you'd all be super pumped okay great to hear about the prices what's moving the markets this week Kai what are you seeing in the news that everybody should be paying attention to yeah the big thing which I talked about in the market watch episode this week is it's about these Bitcoin ETF flows it's just surprising to the upside a lot I can actually pull up this image here for anyone that's watching

and you can see the flow on a daily basis on the Fe on February 8th 405 million February 9th 541 million February 12th 493 million on the 13th so two days ago now $631 million in one day of inflows across nine one day across all the ETFs and then yesterday we were at 339 million so just massive numbers and I think after the first two weeks people were like ah we're not going to get the flows that we necessarily wanted or we were always getting pretty good flows we just were getting beaten out by these outflows of gbtc that's died down a lot now and so the inflows are just

engulfing it and they continue to say hi we'll see how long this stays for like at some point it's probably got to slow down but these numbers are massive and if this just continues to pick up then the thing is just like grayscale and Fidelity they need to buy like hundreds of millions of Bitcoin every single day it's crazy so there's just a lot of of buy pressure on Bitcoin right now and then the reason ethereum is doing so good is obviously people are then going well if the flows are this good on bitcoin they're going to probably be something similar on ethereum as well so let's try to front run front run that opportunity which is why we're seeing ethereum sort of outpace Bitcoin a little bit here it's all the flows right now which is nice to see now one thing that's interesting as we sit here above

50k there's a tweet that was put out by Chris K defi Donuts I guess is his name on Twitter but anyway we brought this pretty funny tweet well interesting not funny but first Bitcoin hit 50k which I think was 2021 early days 2021 eth was at $1,800 today when Bitcoin hit so this was a couple days ago he put this out on February 12th when Bitcoin finally hit 50k again ethereum was at 2600 in $50 so the trend here the pattern is really really nice to see right over that last since 2021 theum has outperformed Bitcoin is what this is saying if we look at salana which this guy didn't do but if he did it's even better better the last time that Bitcoin was at 50k

the sorry the first time that Bitcoin hit 50k salana was 10 bucks 10 bucks and now salana is 115 or whatever I said so the amount of growth that out performance that salana has had is just nuts now obviously it was a new coin at that time so like it wasn't really a big thing so it's exaggerated but the growth is just absolutely absurd what this begs the question to next Jay is where are we at in this cycle we're a lot farther ahead than I think most people were expecting at this point in the cycle it seems to be you know are we getting a little bit over our skis here or or what's kind of going on like should we be getting ready to take some profits this is the question I think people are seeing because we're just we tend to be

a little bit farther than we thought a bunch of people and even me I over the last two weeks kind of said maybe we get a pullback and it did the complete opposite it's just been rocking up so some people are expecting maybe this cycle is going to be shorter maybe it's the super cycle like who really knows right and one thing that's really nice to look at here is up on the screen I have the Wall Street cheat sheat which is the psychology of a market cycle it basically sort of walks you through what happens in any Market cycle doesn't have to be just crypto this happens all the time with real estate with tech stocks with tulips in the 1600s like this is just how Market Cycles always work which is based on human psychology humans are extremely greedy and as prices go up we

get even more greedy and we take even more risk and we leverage and then as prices go down we get scared and anxious and then we take our money out because we panic and we end up buy the top and selling the low as most people most mainstream people do so we have different stages here in this cycle cheat sheet for those that can see it basically we'll go from the bull market or sorry the bare market and we'll go up from there so there's the anger phase where you just ended from the the peak top all the way down to the peak low where you're sort of angry then you get kind of depression because it's been a long bare Market you're like is this ever going to change I think we had that in 2022 and then you start to get a rally and they call this uh disbelief

where you're like is this even real is it a sucker rally like what happens here so you generally get a dip after that after the disbelief if if it's a good asset and it continues to go back up which we've seen this multiple times here in crypto that recovery comes back and you start to see prices go up and it's sort of like a hope rally where you're like okay you know what maybe this is possible maybe we are G to have another cycle maybe this is going to work out and then after you have this sort of long recovery or accumulation phase where prices are just going up consistently we start to go back into the like euphoric bull cycle that we had like the Mania cycle in 2021 it starts with some optimism going okay this Cycle's actually real it's happening and then it's like belief you're like okay

I'm gonna get fully invested now and then it's like a thrill you're like oh I'm G to buy more I'm G to buy on margin I'm going to leverage and then it's Euphoria where you're like I'm an absolute genius which is what everyone thought back in 2021 and then you start to see things dip but you get complacent you're like ah we probably just needed a cool off we needed a dip and you start buying and you start buying but then it just starts going down and down and down you get back into the anxiety and the denial and the Panic phases that I talked about already so Jay where do you think we're at in the cycle currently this is the hard thing to tell like I really felt like we were somewhere between hope and optimism early in the cycle right now but with what's

happening I'm starting to question if we're if we've jumped up to Euphoria so quickly because I didn't not anticipate these prices going in this direction where do you think we are I don't think we're in Euphoria I think euphoria do you remember 2021 before it was nuts right like you're living in a whole new world you're buying things would you buy a nft for what was it like 30 grand or whatever you bought that for like you're not there yet right you don't think that you're a genius yet but in I don't know however a long it takes whatever when you're in Euphoria it's pretty freaking apparent if you can get yourself out of that moment and like really look we're not there and we'll talk about some social cues in just a second actually which is what our poll is going to be I

kind of think we're just getting into optimism right now where we're starting to feel like like okay this thing is real I don't think everyone's fully invested yet there's leverage in the system but not a lot so like we're definitely not at the thrill stage the other thing is I just don't think that like retail and stuff is here and like those people will come in when we're at that belief stage and we need to be past alltime High previous alltime highs before we get to that so I I think we still have a long ways to go now and when I say long ways I don't know if that means by time frame or by price cuz like there's a chance we just jump from 50 to freaking 150 in the next couple months right like probably that doesn't happen I'm not euphoric so I don't think

that happens but like it could right or it could take a year and a half for that to happen right so like that's what I mean by a long ways to go as I mean it in price but yeah I I think until we get past all-time highs and people really start coming in and we start to hear about crypto on on the news and things which we're we're getting a bit but not much of I don't think we're we're in that sort of euphoric or thrill stage maybe we're in the belief stage but I don't even think we're in that yet I think we still got a long ways to go it it just feels so hard when you're in it to know where you are because coming into this year I think we all felt really good December January the ETF you and I have been talking about thinking

that we would stay rather flat or maybe even have a pullback and instead we've jumped another what 20 30% in the last few weeks alone here's the thing to think about though the ETF matters to us everyone listening to this podcast we've been here through the bar Market we know all the little things that happen we're so aware of it and so it feels very exciting it feels like a big deal go ask your parents go ask your friends they have no idea that a Bitcoin ETF got approved they don't know right they don't know that most of the stuff is happening still they don't even know that Bitcoin is at 50,000 they don't have a clue they're not even thinking about it and they won't start thinking about it until we reach alltime high or get really close to alltime high like it's just starting to creep its way into

the mainstream and so that's actually what I wanted to talk about I have a pro report coming out next week where I talk about indicators that tell you where we're at in the cycle and a lot of it is around like understanding when retail enters because what you want to know is when does retail come back in retail always is the indicator that they're chasing when you're at the top of the cycle that's when retail comes in retail leaves at the bottom of the cycle always it's just how it works it's what they do it's people that just buy things based off the news which is way too late right like we were buying the ETF stuff months and months and months ago it wasn't in the news yet it was like a potential it might happen right now it's starting get the news and now people are starting to

buy it going oh there's an ETF coin is probably going to go up right it's like dude we knew about this months ago so you got to follow where retail goes and so one of the things is like there's a lot of indicators I'm going to show in this Pro report I think I got like 20 charts or something but at the end I was like you know what there's another thing you do which is just look at social cues in your day in day out of life just like things will change in your daily life and you'll notice you like oh you know what I bet you all the indicators are popping off right now because of this just happened so Jay let's talk about a few of these that we experienced last last cycle and so again these are not tangible things these these are just

like things that just happen in life so like an example would be Uber drivers start Shilling you crypto right this happens all the time You' be in your taxi or Uber and like an Uber driver is probably not a good investor you never know maybe maybe they are you never really know but like if they're all of a sudden Shilling some random token you're like okay things are getting a little heated here maybe we're at the top the one other one I'll just explain then Jay I want to see if you got any is if you're the person that's in crypto and your friends know you're in crypto all of a sudden you're going to get a bunch of messages from friends and family like should I buy should I buy Bitcoin should I buy ethereum and I haven't got any of those yet couple little ones but these

are people that are a little bit more into crypto so but not the ones where like they're just random left field should I get into it and then the even bigger thing is when those people start saying hey should I buy this specific token and they've done their research on some random shitcoin that you've never even heard of that's what I'm like okay I'm out I'm selling this is like definitely the top so those are two big social skills any that you have yeah well it it's funny the one you just brought up my stepdad who is a a very successful trafi investor asked me yesterday on a call what the Bitcoin having is and interesting that was very much a cue for me I would put him into the category of he's very early he's always been early in trafi So and I've

talked to him a lot about this stuff and he's been thinking about I've been telling him to invest in coinbase for over a year now and he is coming around to that and starting to understand it more so he after it 10 X's or whatever it's done yeah I know yeah well he's not the top signal but that's definitely a social cue the fact that he knows what the having is or is trying to figure out what the having is I think the other one that really cues for me is is when celebrities mainstream media start popping off so you're watching Saturday Night Live and it's all crypto you're seeing celebrities you know Shilling tokens and a lot of celebrities getting involved in projects right you're seeing commercials on the Super Bowl this year

on the Super Bowl there was Zero crypto commercials last year or what not last year when was it 2021 there was five right so and I think last year there was two or there I think maybe two years ago there two so I think that's all the mainstream media impact is really a social cue as well yeah I'll tell you the worst one when people start getting tattoos of like logos of crypto tokens that's when you just you need to be running way anyway we've got a bunch more in our in our report and if you guys have any that you've noticed last cycle or that you've just heard of please share them in the comments so if you're watching on YouTube you can share in the comments there if you're listening on uh Spotify there's also a place where you can you can write in

there as well let us know the social cues that you're eyeing we just want to make sure we're on the same page and keep an eye on that all right let's jump into the top stories of the week and the first one on the dock of today is ape coins vote for which chain they are going to build app chain on give you a little refresher and background here so apoin is yuga's ecosystem token it was aird dropped to their holders back in March of 2022 the token is used in a bunch of games it's used in dookie Das Legends of Mara there's a partnership with Gucci where they accept apoin and Gucci stores and basically as apoin Dow has continued to grow they have said okay we don't want to be on ethereum L1

where they are right now it's cost prohibitive and we want to be able to scale so the Dow decided we need to create our own chain which is going to be called a chain and few weeks ago a vote passed to do this that we need to create our own chain that vote passed then after that a vote was started to decide which chain stack should we build upon and that was between four options arbitrum Hol polygon a team which would build on optimism and matter which is ZK sync this is now finished the vote is complete and the winner is arbitrum arbitrum won with 50% of the vote then

we had polygon with 32% optimism with 11% and ZK sync with 6% Kai what do you think about there this Choice here between these options is this a signal that we should be paying attention to for either the price action of any of these chains or the longterm potential I don't know necessarily about the price action I actually haven't looked to see if it mattered based on this decision so what l2s want is activity right they need lots of transactions on top of their chain that's how they make their money and I mean I don't know that app chain necessarily does that yet they have a bunch of liquidity they have some devs they're obviously a team that can ship some stuff but they're still fairly new

I don't really know what they're going to do yet but I mean if they bring a bunch of gain over to ARB that's really cool so I think it's a signal definitely that hey arb's got some good technology they obviously have something going for it if they were able to beat you know polygon I mean ZK sync is still fairly new optimism is a big deal I don't know what a team is by the way I think it's just a big signal that hey I mean I'm seeing more and more I think RAR chain launched just the other day we talked about last week was two weeks ago and they also launched on top of the arbitrum stack so you know it's a very competitive environment right now amongst these l2s specifically polygon arbitrum optimism and um you know there's a bunch of other longtail ones

as well but those are the three main ones yeah arbitr starting to to build up I remember like a couple months ago we were like you know optimism and the polygon cdk those are the two stacks that are getting all the teams and chains and now arbitrum seems to be fing back so it's been interesting to watch yeah it was really cool to see this process that AP coin Dow took to make this decision we're not used to seeing big decisions like this made in public and usually these decisions would be made behind closed doors but in this case itcoin Dow I mean they're Dows so it's a it's an open vote that anybody that holds itcoin can vote on and you can go in anybody can go in you can see who voted on what you can see that mocha verse for example who holds I think they

hold about five million apoin they voted sorry six million apoin they voted for polygon so you can see you know where the connections are and where the Partnerships are and who cares about who the other thing that was really interesting was they hosted multiple Twitter spaces in the last week where Founders and CEOs of arbitrum or Horizon labs and optimism actually wasn't optimism it was a team that was representing optimism which was Macky Big Brother one of the largest nft Traders but they're all showing up to these Twitter spaces and talking in public about their proposals and debating with each other and you wouldn't usually see that like four CEOs showing up to an open debate about why

they're change should be the chain to build on like this is really shows the the Mantra of decentralization and the way we are changing the way we make decisions it was also hilarious in one of the Twitter spaces Macky big brother called one of the other CEOs a [ __ ] and like what do you do if you're a CEO of you know a a massive company like Arbor Trum you can't you can't call somebody a [ __ ] so you can't respond and say that back to to maie big brother but you got to take a deep breath and not freak out and like stay so it's so fascinating and exciting to see these decisions being made in public Twitter is the town hall just like what Elon always wanted it to be that's right interesting to see that all all play out

but anyway congrats to arbitrum it's a big deal okay next up from eal 2s let's go over to Solana and The salana Saga had some news come out this week what's going on here Kai so salana had 100,000 pre-orders out for I think it was around $450 per for the phone they haven't made the phones yet obviously it's a pre-order but um we weren't really sure if they would if they would actually sell 100,000 these remember they didn't sell 20,000 in their first go until people realized they could get Bonk which is like part of the airdrop this is on the phone then it went nuts so they were like okay we got some momentum back let's try to sell 100,000 and they did and it took I don't even know what was it like couldn't have been more than a month yeah 30 days 30 days to sell

100,000 phones and they're actually pass it now so what the situation now is like the phone's gone up to 500 or 550 and still buy I think there's over 120,000 sales now something like that so pretty big deal I think why this matters and what I think Salon is excited about is Debs can now start to build applications that are specific for the salon sea phone like mobile crypto apps that have no restrictions from the Apple Store no restrictions from Google and have native features right in the phone itself they've never been able to do that and so this like should open up an innovation cycle that I'm pretty excited about you couldn't do this before there's no phone existed and also like sure salana had 10,000 but you weren't going to build your own app based on 10,000 but like 120,000 that's not bad

there's a bit of network effects there that's big enough Community or network that like you can start to build for it and so it look it's small there's not a lot of people talking about this sure they're not going to beat Google or or apple anytime soon but this is going to be really big I think for the industry I'm excited to watch this all play out now here's the coolest thing this has nothing to do with the phone specifically but Anatoli who's the founder of salana tweeted this out they sold the phone through Shopify and Shopify has that ability to connect a wallet and pay with usdc and they sold almost half of it through crypto and half of it through like credit card right and so $20 million in sales on phones from usdc 20 million from credit cards from those that bought with credit

cards salana mobile the the company that creates these they had to pay or they lost out on $600,000 in credit card fees okay on the 20 million in volume that they created for the usdc side of things zero fees it was free for them they paid nothing so they made $600,000 more by using crypto than using credit card that's three full-time Engineers is what an toi said that is huge that is so impactful on the economy and for businesses like large businesses small businesses it's such a big deal and I think this is the most bullish news that came out of this because that's a case study that can now get shown to other businesses saying like

here's why you need to integrate usdc I go to convenience stores all the time or like smaller stores especially around the world where I mean in the US and Canada you usually can use a credit card to buy like even something that's like a dollar they don't really care anymore they've kind of just said screw it we'll just put up with it but around the world like in Chile where I just was in Argentina where I just was like they used to have minimums like and they used to do this like 10 years ago if you remember when credit cards first became a thing it was like you had to spend five bucks or 10 bucks at least to use your credit card it's because they're getting charged like 30 cents plus 3% fee or whatever it is so on a dollar like that's you know 40% of your fee it

makes no sense and so what this does is if Merchants now start to promote the use of stable coins usdc or whatever instead they'll be the ones that can sort of push this happen it won't be the users because it doesn't impact us I can use my credit card I can use us usdc it doesn't really matter once the app is good enough that it's the tech is there where it's just seamless but the merchants are really going to want you to use usdc and I think that there is a potential that they start to push this if we can get some bis devs to start going to these convenience stores and say hey stop pushing cash over credit card instead push stable coins this is a way better deal and it still allows people to have use technology use their phones because no one wants to all cash

like I think this is going to be a thing that just really really picks up in the coming months you know who else thinks this is going to be a thing is coinbase who came out with a new campaign this week called mint a penny so there's a shocking stats around the penny and this is just in the us alone I'm sure if you extend this to other countries who also have pennies so $1.2 million where the pennies go missing every year in the US it costs three pennies in order to make just one penny so it's actually a loss every time you make these and what the Penny's been around for 167 years and has not been changed or updated since then and coinbase rightfully so thinks

it's time to make that change by you guessed it using stable coins as Kyle said maybe at your local convenience store where you can use a stable coin and pay in pennies and not have to actually pull pennies out of your pocket who actually has pennies anymore they're just collecting dust somewhere I'm sure in your house or in your kids piggy bank aren pennies illegal in Canada now not illegal but like you can't you can't use them anymore I'm pretty sure in Canada right is that I don't know I I think this happened years ago like you just pennies don't count anymore I'm pretty sure removed them from circulation yeah yeah exactly so like yeah you can take them to the bank but you can't I don't think you can use them anymore anyway doesn't really matter but coinbase

wallet and usdc have a nice connection and you have this seamless way of you can go from credit card or bank or PayPal or whatever in coinbase wallet right to usdc on salana or L twos and then you can you can purchase from there it's very very good it's not perfect yet but it's pretty good and I think that they are going to start to push this further we just like forget all the speculative things around crypto just use stable coins because it's so much better why would you ever hold like traveling around from country to country is insane like it sucks I have to try to change money every all around like I get this change from people and I'm like what am I gonna do with this I can't buy anything with this change why you give me this change I'm just gonna lose it so

I end up losing all my like change anyway and then I got to go to the next country and I'm like well [ __ ] what am I going to do with these currency now I got to go back to the US Dollars then flip that into this one it's like man if we just made this all digital it's just so much easier I think coinbase is really going to nail us I think they'll dive I mean you can already see they're doubling down on the stable coin side of things they're going to make the the app that goes mainstream and it's going to be around payments I I completely agree and if you agree as well right now you can participate in the mint Penny campaign just shout out to coinbase's marketing team they are just killing it they killed it with onchain Summer they

killed it with the crypto shield and here's their next big campaign so you can go to minap penny. XYZ and you can mint a penny for free it's actually a dynamic nft so it changes based upon when you mint it it's been minted over a 100,000 times now and here's what you can do once you mint that Penny you can then go purchase a penny hat that coinbase made which is kind of a dope like hat it's a black hat with a penny emblem on the front it says make it make sense on the back which is their slogan for this campaign and the hat cost $30 but if you mint the free nft then you can apply a token gated discount for $29.99 making the hat only cost one

penny plus shipping and shipping I think is like $10 in the US so you guys gonna have to play for shipping and yeah there you go great a great campaign mince something for free show that you think that Penny should move on chain and be used to stable coins and get a hat because you get token gated access all in one boom also coin is up 4% today and up 177% in the last five days the thing is going to continue to be be sitting at $167 and they have their earnings which come out today as we record so Thursday so by Friday when you're listening to this you're going to know what they are I got a feeling they're going to be very bullish and I don't think Wall Street understands coinbase still to this day so I think they're going to surprise but

let's let's see what happens gonna be exciting all right let's go from coinbase The New Age Finance crypto company to a old credit card company MasterCard who is also on crypto and trying to get into web 3 MasterCard launched a new web three program this week called Priceless it's actually called pass Priceless and they did this in partnership with Champions League basically what this is is you can go to Priceless right now and you can mint a pass to one of their experiences they're creating these digital experiences so MasterCard has their marketing really

revolves around using your Mastercard at incredible experiences around the world things that you wouldn't be able to do without a credit card and one of those is Champions League is the largest football if you're in Europe soccer if you're in North America tournament in the world it is happening right now and if you go to priceless.com connect your wallet you Min this nft there's no no mention of this being an nft by the way this whole campaign from MasterCard is all about this is just digital experiences and you getting access to new things you can participate in a trivia and then by participating in the trivia you can win uh tickets to matches you can win tickets to the finals and a

whole bunch of other things so here we have MasterCard which is jumping into web 3 in the Loyalty space and the reward space an area that we've talked a lot about being such a good use Cas for blockchain we talked about Visa doing this about a month ago they've launched a white label loyalty program which brands can use to offer their customers onchain rewards everybody is seeing that digital rewards make so much sense for way better ways to engage your customers and then you can offer all the physical rewards that you used to offer but to a smaller select number of people which costs you much less to do super exciting

stuff out of MasterCard love love to see it abstract away the chain that is the key we must abstract away the chain thank you MasterCard okay all right from MasterCard let's let's hop over to blast an L2 that is continuing to get tons of hype what happened with blast this week Kai yeah so I mean obviously a lot of controversy around blast because of the way that they launched they launched with a blast which was almost a billion dollars in tvl within like a couple days pretty much but they ended up being just more like a multisig they weren't even an actual L2 so people didn't necessarily love the way that they did that launch they they didn't lie to people but they didn't necessarily explain the risks associated with what they were doing anyway regardless

they're gaining a ton of Attraction which is because they have 1.6 billion in tvl and over 132,000 people that well wallets that have bridged doesn't mean it's people but anyway teams really want that they want to access that Capital they want to access those users and you know what I think they probably just believe in the vision of what this team has done because they I would say they killed it with blur and now they're trying to do it again with blast and they did a basically a competition amongst developer teams to uh get grants and get more of the tokens the blast tokens that will be coming out and in this competition called The Big Bang competition they had 3,000 teams that registered 3,000 that is 3,000 teams part of that was like existing teams that are on

other chains are like hey we want to go over here and we can build it on there and then we'll get some money so like it's not 3,000 new developer teams by any means there are a bunch that come from other chains just trying to get grants cross chains which is whatever it is what is how you get your funding right now but there are a bunch of them that they've said that are also just brand new teams that I've never built before and they're building some really interesting different things and so again we don't know the end results of this when does it end the deadline is February 16th what is that today is the 15th so the deadline will be tomorrow or the day that you guys listen to this and then we will get more details on who wins this so we should find out soon and

then blast is supposed to launch I believe in March so we're getting closer to it and so yeah I'm really excited to see these guys launch I think they're going to bring just a lot of hype into the space and a lot of innovation into the L2 space and hopefully out of these 3,000 teams at least one of them does something really cool we'll find out though I just hope they don't nuke a market like they did with the nft market that was nuking anyway it was going to Nuke anyway they just SP they just accelerated it all right let's go to a scam that we want to let all of you guys know about because we're always trying to keep everybody safe this scam was made aware To Us by Hayden Adams the founder of Unis swap he posted this week on Twitter that this

was the first time he had seen the scam so somebody bought his ethereum address 0x11 you know Etc do eth so they took his ethereum address and bought the eth with his ethereum address in front so when you paste his address into some uis some wallet uis they don't match his ethereum address they match the ens which has his wallet address in it this is very tricky and very smart so this is a scan where you could buy a pop like somebody like Hayden Adams who know people are sending him a lot of money

you buy that ens and then by accident somebody said SS the scammer the money instead of sending it to the right the right Source we pay a lot of our employees this way so I'm now going to pay attention to this and the reason that this is an issue is because a lot of these wallet uis don't know to F filter out the ens if the enss matches well they usually show the enss first right because it's the more readable version so when you put in a letter they want to show the ens because it's better to better for most users now what happened was heab tweeted this out and then quickly followed up a day later with saying the owner who purchased this ens address was actually not a scammer

they were not trying to scam anyone here they were purchasing it just for provenance because they are a big fan of udis SW big fan of Hayden Adam and they thought this might be a collectible someday and they didn't realize the UI implications so they they actually DMD hayen Adams they offered to send him BNS they said I don't want I don't want to be a part of this scam I'll send this to you you can have it but now all the scammers are aware of this scam so watch out when you enter wallet addresses pay extra attention and make sure that you're not actually sending it to an ens that you're sending it to the correct wallet address the key thing to look for if you scroll down just a little bit Jay when it shows the ens the nice thing

about these is it always every time there's a eth name it always shows the actual wallet underneath but it shows the first four five letters and the last five letter letters and so you can see the first five letters right there in the E and you can see the first five letters of the wallet itself and they're different and so you already know right off the bat this isn't the same you can also then scroll over and look at the end and see they're not the same as well it is right in front of your eyes you just like you got to know to look at it which most people wouldn't and I just we've never really heard this before but people are going to do this now like this guy's sending all the 's back because he's a good person there are many not good people out there and so I

think these the next Bull actually the next bull market in cryp is probably going to be wall enss is because [Laughter] all not funny don't get trigged by that please please don't okay it's time to airdrop them like it's hot starting off with a massive airdrop this week from Stark net and some controversy as well Kai bring us up to speed on the Stark net airdrop yeah so Stark net is an L2 that has been long been waiting for this token to to launch darket has been around for a long time there's a layer to that uses ZK so something that we've we've all been wanting there it is an incredible technology and um this has been like one of the longest weighted tokens because they announced that they

were going to launch this token for forever ago finally they uh are launching it on February 20th is when you'll be able to claim it you can already look and see if you're eligible and see how much you have you just go to Stark net foundation on their Twitter it's Stark net fndn by the way and you can see it there this is dropping so they're dropping 700 million Stark tokens Str strk to nearly 1.3 million addresses so this is huge this is bigger than the Jupiter one that just went so it is a really big deal now there's a lot of controversy around this one actually so I want to start this off by saying the team itself is at least as far as we know is a really good team they've done some amazing things for innovation in the space but there's just

a lot of weird things that they did so to summarize it first there's a lot of people have been farming this airdrop for a long time and what they did is they actually really changed who these tokens were going to go to and favored developers instead of users which which isn't necessarily a bad thing and I actually have a we have a thing and agree disagree to talk further on this subject at the end there was a lot of people that were pissed off because they didn't get tokens even though they were farming it which like if you were farming something you probably shouldn't get tokens anyway so like I don't really sympathize for those people unfortunately some of the team at saret doesn't sympathize for them either and probably isn't going by the right way but anyway before we get into that stuff because there's some some crazy things

going on in that World um just looking at the tokenomics thems is a little bit weird here's um TA or ta I'm not sure to say his name pretty big Twitter C and he just tweets out looks like the Stark net looks like Stark net hired SPF as a consultant for Stark tokenomics because it's a bit messy so first of all they're dropping such a tiny tiny tiny amount of tokens that are going to be available early on so that'll really Skyrocket the FTV and the market cap of this tokens it's a bit of like a it's fine it doesn't really hurt anyone but it just kind of has a scammy way to make your token look like it's more valuable than it is it's good for like investors and stuff but they're doing it the weirdest we've seen in a long time but what's

really weird about this is usually when you drop tokens goes to the community and then you have like a year or two years usually until the like Founders and the team and the investors can put their tokens on the market so usually they're like vested for two years but for whatever reason these investors and others were given this token like a year and a half ago and so the the two-hour vesting period that they did have is up in like two months not even two months so all of a sudden 15% of the total Supply is going to be on the market Market two months from now so like the community gets their tokens and then they're just going to get dumped on in like a month it's very weird setup that they're doing here we haven't really seen much of this before so definitely

don't love that but then a bunch of as per usual a bunch of the people that were farming the airdrop have been complaining because they're not getting any tokens etc etc now I'm not sure who he is abel. stark. I don't know if he's I gota actually just look who this guy is because I don't think he's a Founder but I think he's definitely part part of the community here it is here let me just check here head of ecosystem at starkware okay so not a Founder but head of ecosystem he tweets out and says a we don't owe you anything B no one asks you to do anything C we care about Community much more than you think D we are here for the long run if you don't understand this go farm useless [ __ ] projects there are plenty of those part of me is

like completely agreed you 100% right but also you're the head of the ecosystem is this really what you want to do to all your users I I get well let's do the dev user airdrop thing we'll talk about that more later but a little bit aggressive now look what happens let's go to the next tweet so this was the same guy or girl and in telegram maybe this is or WhatsApp and if you want to just click on those pictures there this is like a their community group or whatever and he's basically saying this he's like for example it's absolutely 100% clear that Linea bought followers and it's 95% artificial even more probably I think we're the most honestest kind of things we did not promise anything we are patiently building for years so he's like like he's fighting with users in this Telegram and telling them what's

wrong with you you really think I'm the one to blame here you lost your soul to earn some buckets of money you have the impression that people working hard for years owe you anything let me laugh to all of you who have any issue please just go away like he says oh there someone else saying cry harder but anyway he's in this group fighting with users which is like look what are you doing what are you doing what you're head of EOS you can't do this just makes no sense look it is very frustrating the people that do expect money but there's just a different way to go about it suppos this telegram group has now been shut down this reminds me of of Doodles and how oopie uh lost it one day and look there's a lot of pressures if

you're a founder or you're a builder in this space it is ridiculous the amount of pressures that communities have the joke always was that if you're a Founder in crypto it's like being the founder of a public company and the founder of a startup at the same time right which would AB absolutely suck like that's so much pressure from so many angles but you cannot lose your cool publicly like this you just can't like go yell at a wall or yell into a pillow or whatever I don't know take a baseball bat to a tree but do not do this publicly all right we'll talk more about this and later in the agree disagree because there's another story there but what also has happened here is unfortunately for those that are in America you are not eligible for this Stark net airdrop you in

America along with Russia Cuba Iran North Korea and Syria us fits right along in with those countries which is just it's wild but that's what Gary Gensler and the SEC has caused uh but not only that there's been a little bit of drama in the airdrop World ether five we've been covering this one a lot we think it's one of the one of the top aird drops along with igen ler out of nowhere the Americans just all of a sudden were not able to access the site anymore all the points that they had that they've been getting they can't get those points anymore they're just gone and all of a sudden they're just not allowed to use the platform I don't even know I think they're able to move their assets off of course otherwise that'd be crazy otherwise though Americans are no longer available for The Ether fi aird

drop and it's not even just them there's puffer Finance which is another one um that is coming they are also geo-blocking in the US and ALT layer which dropped a week or two ago they didn't allow us participants either so Gary Gensler just causing problems in the airdrop World by the way if you just use a VPN you can use the app still and so it's all good if you still want to use ether F just just throw VPN you're you're fine but sucks it's exciting to see Stark net I think like I've been a fan of the team behind this project for a while but definitely the way that they're handling this current situation is not the right way we'll as you said we'll talk about that more let's go to we got a few more quick air drops to let

you guys know about not as big as Stark net by any means but ones you can get involved in right now one is AI Arena this is a really cool game that combines blockchain and AI we actually had Founders on the podcast about a year ago and they are right now coming out of beta and in order to come out of beta they want a whole bunch of users to come and stress test their platform first so right now you can participate in what they're calling a play to airdrop campaign where if you play you can earn points and there's 40 million neurons which is their token that they're going to be aird drro in in the next few months and you'll be able to get access

to that airdrop by playing we'll throw a link in the show notes for those who want to take a look at this sounds fun we got uh some more coming up here so these are just some smaller ones but if you care and if you were doing if you're following our guides on the injector or the cosmos ones um a bunch of those are coming into fruition now Talis protocol which we talked about in our guide um there you can now see if you're eligible for they are drop they are dropping their token it's an nft Marketplace by the way they also run a validator for injective and if you use the marketplace or you use their validator delegated your stake with their validator you're getting tokens I don't think it's a big one but you will get something nonetheless Hydro protocol which is another one on top of injective they

just launched their their mayet on February 1st and they've started their points program this one I don't believe was in our uh guide because well it just came out but now there s started points program so if you go to their site you can check out how to get that airdrop and the last one which was one that we talked about in our guide which is uh Milky Way and they have now announced their points program as well so you can go check out Milky Way this on the cosmos ecosystem and you can work on getting their airdrop as well so again I'm not sure any of these will be like massive like some of the Salo ones and the Ian layer one that I think is coming but doesn't hurt if you already own Cosmos and injective and you're on there you might as well go do them it's time

for our favorite segment of the week agree disagree where we go through some hot takes and opinions from Twitter and we break them down for you and let you know our opinion first up on the docket we got edgy the defi Edge he says overwhelmed focus on three narratives don't know when to buy DCA every month don't know when to take profits sell half at 2x simplify then optimize most people complicate things and mind [ __ ] themselves out of taking action yeah I couldn't agree more a lot of the pro reports that I wrote around like investing strategy were all about just

building a plan simplifying that plan and and not doing much you don't need to do much to make money in crypto it does it all for you right we're up 20% in the last like five days or whatever it is in a lot of these tokens so like and that's in the least riskiest tokens and so you don't have to do much to make money in this and in fact the more that you do the bigger the chances that you're going to [ __ ] it up so don't do much just like build your conviction and honestly the more tokens you have the more more chance you're going to [ __ ] it up so like limit the amount you're buying don't be trading a bunch and like TR I mean what he said of like dollar cost average every month and just like sell

at a certain number regardless that just takes all the noise out of it and allows you to just like execute just follow the plan we have tons of pro reports talking about this when you sign up to our newsletter we actually have an investing guide that you'll get right off the bat and it shows you all these reports and walks you through the exact strategy need for the cycle check that out couldn't agree more though simplify what you if you find you're just trying to follow every narrative and buy every token and you're trading like crazy stop you're going to [ __ ] this up next up we got Debs defi they say you can make life-changing wealth this cycle just on aird drops alone and that is absolutely nuts show me another industry where that is possible only in crypto yeah I mean like so there were aird drops last cycle

and people made really good money on them but last cycle we didn't know when we were going to get an air drop right like when Unis swap came as the first one ever so no one had any idea air drop was even a thing when like the ens one came which a lot of us made like 10 grand off of it was like we didn't know they were going to do this it just kind of came out of nowhere there was a bunch that happened not a ton but like there was there was a few that happened and you just you had no idea now you actually know like you just go do it and they're like hey we're doing a points program you're G to get an air drop just go play around on our [ __ ] put some liquidity there and so like it's so easy

and so obvious why not do it you know and here's the thing I know aird drops when they first came out people like ah this is a little bit weird and now people fing like ah it's a bit scammy blah blah but the thing is it really helps teams teams need to one get their liquidity out there and they need a bunch of people to have that for it to be like distributed liquidity they can't just put it in one wallet they've got to try to get it into hundreds of thousands they need to stress test their protocols like you just said with um AI Arena it is a marketing tool as well sure but there's more to it than just that and so like you're helping them by doing this and you're just getting rewarded for it it's like why would you not do this

right now and he's right you're this doesn't happen in any other industry and I don't know that this continues for forever like this feels like one of those moments where like this year is a massive opportunity on these things and there's a lot of non-risky ways to do it like staking your injective in injective validators there's no additional risk to that than holding injective it's not like you're going and put in a million different D5 Pros if you're doing that there's a lot of risk but like you can just add your eth into AER and boom all of a sudden you're eligible for a bunch of other airdrops you just stake your soul in goo and same like there's a lot of lowrisk opportunities here to make a lot of money and um it's pretty sweet yeah I think it's interesting how whenever there's new ways to create

Capital formation there's this natural feeling of it being a scam right because everyone's like whoa how is it possible because a lot of them are and a lot of them are rightfully so as a result of a new way to make Capital formation we are also creating new ways for teams to build without having to go through the old way of VC funding we are creating new ways to build with community in decentralized ways so yeah there's a big opportunity to make lifechanging money but there's also this trend of new capital formation that was not possible before crypto that I think is a much bigger narrative that's going to come out in the next few years that is not just about life-changing money it's also

about enabling the little guys and anybody around the world not who is in San Francisco or Silicon Valley and has access to VCS and knows how to make a good pitch deck but just somebody who actually is a good idea and can build and can build a community and get the right people behind it now you can build a company so I get so fired up about the future of this not just for the purpose of let's all make a bunch of money but I will also agree this is the year to get involved in airor drops because there's just money on the table that you might as well take okay next up we got Jack nyal or Neal I can never pronounce his last name he says the problem with Stark net is that they didn't realize distribution to the masses is actually good Tia Bon and dim all got it right

use a percentage of your supply to create an army of people willing to show bags on your behalf distribution to retail retail plus isn't bearish it's bullish I actually agree with this a lot I think I mean the purpose of an L2 right now is not really it is to get some users but it's more to get developers because the l2s the way that they're going to exceed is by getting developers to build cool applications that will then bring over the users right so I think that's what sted Stark net was thinking here like hey let's just get all the devs Pumped up and get them over here and so like they they really favored them which is great devs deserve it we'll see if this works I we haven't really seen a team do this previously does it really bring a bunch more Dev over I'm not sure but let's see

I do think there is this like look at blast why is blast get 3,000 teams signing up for this competition well it's because it's got a bunch of users and a [ __ ] ton of liquidity and starnet now just pushed their user base now this was going to happen regardless but I'm not sure how much this because of this but their users went from like 250,000 I think is a day to 60,000 right after they showed eligibility and that's because you can't Farm it anymore so obviously all the Bots turn off but I wonder how many users are just like a [ __ ] and I'm out of here anyway I'm not going to stay whereas like I don't know you put some assets on Manta and some people are like well you know what my assets are there I'll just I'll stick around I'll use some of the stuff on

Manta but now do these users just kind of leave they go all because like you know what I never got a token not really super happy and again if you're going to do this you might as well try to get it as broad as you can and get as many people to see this token because the moment I sell my token of whatever that is I'm always going to remember that token that brand but if I didn't get on my wallet it's gone I don't think about it anymore you know what I mean like that's a really big deal you want people to associate your brand the first time they ever associated with you is where they made some money how like Brands don't usually get to do that it's usually they have to buy something and this way you get to go hey there's 500

bucks th000 bucks whatever like that's really good for your brand and they just basically were like we're not going to do do that so we'll see if it works but I agree with Jack on this one I'm with you I agree as well okay next up we got one that was through confused a bunch of people this week that is Joe Biden tweeted just like we drew it up with a photo of himself with the laser eyes the Bitcoin laser eyes so we got to explain this one Kai because I don't think this is an agree disagree you can't agree or disagree with I mean I guess you could agree that yeah Joe Biden great for you supporting Bitcoin but was Joe Biden saying that he supports Bitcoin with this because here's the weird thing this

tweet came out right after the Kansas City Chiefs won the Super Bowl so this was actually the speculation is that this was him saying just like we drew it up kind of a sports terminology because you draw plays in football and then posting the this laser eye photo as if he's saying yeah I wanted the Chiefs to win the Super Bowl well you just stole the Thunder from me but yes that is the situation it was not a Bitcoin light a Bitcoin laser eyes like everyone thought everyone on crypto Twitter went nuts started retweeting this like oh my God Joe Biden's bullish on bitcoin I was like there's just no way that this is the case turns out it's not that it is just I'm not sure if he's a Kansas City

fan or what but he boasted this because it's a Kansas City thing for the Chiefs and um yeah so I guess he was supporting KC for whatever reason the best thing I saw was somebody speculating that this is connected to him sending a signal to Taylor Swift and she is going to in turn come out and say that she supports Biden for the next presidency which I was like that is conspiracy theory to the absolute Max that okay next up we've got will Clement saying the story of Bitcoin is so incredible 0 to a trillion in 15 years the only asset in history where retail was able to to get the cost basis low for years and front run billions of

institutional Capital yeah I mean I completely agree for the most part there definitely 15 years for anyone to buy this usually you don't get this right like you think of Apple and every company that exists you couldn't get in early right unless you I don't know started the company or you were an credit investor or whatever somehow you got in but most people can't you have to be a credit investor to get in on these and it's usually sticks to like hedge funds and certain other firms that can get into most these companies early days once it IPOs okay can buy it but by the time you can buy a tech stock that's IPO like okay it's pretty damn late at that point I guess gold you could have done this it's like there's one and it is a 13 trillion asset so like maybe he's not

completely right on that but like most random like retail people were not buying gold and it's also quite a difficult thing to buy and hold you would have had to use someone else and most people waited till the ETF and at that point it was a bit too late so I sort of agree the only thing I would say is I don't think retail did as good as they should have done because many of them got bumped off along the the way with each cycle retail tends to buy the top sell the bottom I know so many people that did it last cycle and the cycle before that and so most people that I speak to that have bought crypto they actually lost crypto rather than made in crypto so the opportunity was there unfortunately I would say a small percent actually profited from it and I

would say there are a bunch of Institutions that did get in and have made incredible money from it but the nice thing is is the big institutions and a lot of them just have not been able to access it because of Regulation so like we were given so many years now the etf's passed kind of missed your boat but you didn't miss the boat it's still your so early it's still so early don't feel the fomo you have not missed out just as Kai said keep it simple don't [ __ ] yourself up who doesn't agree with this is Gary gendler who went on I don't remember which I think it was CNBC talk show this week and slat out said that Bitcoin is not decentralized and continued to Pedal his narrative around

Bitcoin is only used by fraudsters and it's only used for scans and all this stuff and it's just Gary like take the L man walk away yeah I don't know if anyone saw that clip do we have We're not gonna play it but we have it up there or we don't have that tweet no I don't have it no yeah I mean I'm kudos to the whoever the news anchor was that actually fought back with Gary and was like literally throwing Jabs at him not physically but and was fighting with his opinion on bitcoin so that was really cool they were sort of talking all over each other and it was a bit of a mess but I didn't even like Gary's points didn't even make sense there was a weird altercation okay last one of the week a ether Rock sold this week for

$740,000 this is truly breathtaking Arc I've got it up on screen here I'm being totally sarcastic when I say that it is literally a JPEG of a rock Kai do you have any idea why the heck this thing sold for $740,000 yeah I mean last cycle these things I the was like 1.5 million or maybe even more than that it was yeah something it was quite a bit the reason this sells for this much I mean I would never do it so I I guess this is a disagree if that's even the question but the reason sells for this so much is it was one of the first nfts like collections that ever launched so it was like right after Crypt punks so the reason Crypt punks is the highest valued nft in the world or

one of them anyway the collection is because they were first and so they're the first sort of like pfp art type thing so obviously they have that sort of like provenance and so ether Rock same sort of idea here is it was like really really early one of the first art collections although I don't know what art is if this is Art it's a rock so wild people buy but like people that really care about the ethereum community they'll buy this stuff because this is relevant to the e World which is why all art has value right if it's relevant to something you believe in and maybe first or it was whatever then it has value and there's only 100 of these so obviously the low Supply is a big part of why these things are so valuable even though

as you said it's definitely not art to me and it's definitely not art to you hopefully this is not a top signal the last time ether rock hit highs was actually at the start of the nft bull cycle so a lot of people speculating that this is the start of the NTI bull cycle but I'd say it's too early to tell it's also very difficult to predict the NF this coming nft cycle because we've only had one so far so we don't really have patterns or Trends off of more than one cycle to learn from so by no means am I saying this is start of the nft Bow Cycle it's we'll see how that all plays out and yeah congrats to I think it was Justin Sun who bought this ether Rock

for three4 of a million dollars congrats maybe I don't know I don't know if I say congrats all right that's a wrap on today's show Kai thanks so much for joining us from Rio I hope you get to see the beach and the Sun comes out for you and Carnival it looks like the sun might be peeking out right now I can't tell for sure because I'm looking at another building through my window here but I it's definitely much brighter than when we first it recorded so that's exciting well on that note everybody get out side touch some grass this weekend take a deep breath you know week to week we work and live in an exciting space that is so much potential but it can

also be stressful so make sure you take a moment to yourself to just enjoy all the magic and wonder that is around you we love you all we thank you for listening in we will see you guys next 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 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 a free newsletter where we provide timely and relevant web 3 insights so you can confidently build and invest in web 3 make sure to subscribe today one final note this podcast is for educational purposes only and nothing we say is financial advice crypto and web3 are risky and you should

never invest more than you're willing to lose thank you friends and see you in the next one