Web 3.0

You’ve probably heard tons of things about this by now, but do you really know what it means and how deep it can go?

Let’s discuss! 🥐
From my understanding:

The “Web 3.0” aims to be the next generation of the internet based on an open network of interconnected decentralized applications

It is censorship-resistant, & there are no silos or boundaries like the internet has today
The Web 3.0 additionally has the potential to bring value to entirely new asset classes by offering platform-agnostic ownership of digital items with verifiable authenticity that everyone can agree on

Before the blockchain, this had not been possible.
Our innate values of different forms of ownership, connections, and scarcity can’t be tampered with in the Web 3.0 economy

That is because value is “baked in” to the previously intangible assets themselves at the technical level on the blockchain
Let’s compare to fully understand the implications of this

Option A:

Set up Medium, try to make a website & get paid through Google Adsense

Pros

-Easy?

Cons

-Medium takes 50% cut
-Google takes 32% cut
-Services are centralized across one platform
-Lack of ownership
-Limited
Option B:

Create NFT which gives access to special pages on my blog, grants users roles in my secret discord, while getting them in a room in the metaverse

+

automatically distribute a % of Croissant NFT sales back to the holders

I think we all know what I will choose here (;
Anyways, I hope this clears some of the confusion regarding what Web3 𝘢𝘤𝘵𝘶𝘢𝘭𝘭𝘺 𝘪𝘴

I think of it like a series of open decentralized building blocks for people to create entirely new types of dApps on $ETH

I hope you guys enjoy, & stay tuned for the Croissant NFT! 👀

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More from @CroissantEth

13 Sep
There are several things leading up to an extraordinary supply shock for $ETH

It’s getting to the point where it doesn’t even matter who sells, there is simply too much demand for block space on Ethereum

Let’s discuss! 🥐
In order to understand the extent of what’s about to come, you’ll have to first take a look at figures coming out of EIP-1559

Implemented in early August, the upgrade introduced a base fee (burnt) that varies based on network congestion per block

It has already burnt 287k $ETH
Even more interestingly though, this 287,413 $ETH represents $931M that would have gone into the hands of miners previously

Miners who are infamously known for selling to cover expenses from energy intensive Proof of Work

The effects of this will be shown exponentially soon
Read 10 tweets
10 Sep
What are some important things in crypto that people don’t talk about enough?

I’ll start! 🥐
Have we lost our roots?

Cypherpunks supported public-key encryption in order to help preserve privacy, as the world turned increasingly digital

#Bitcoin gained headway amongst the members very quickly

Now in pursuit of money, many of our primitive values no longer remain today
Why is crypto so underrepresented in Washington?

The industry is now in the trillions of dollars yet it was almost blindsided by regulations

We could quickly become a single issue voting matter, & be especially attractive for politicians

This is bigger than we understand…
Read 10 tweets
6 Sep
Ethereum is attracting skilled devs at a pace faster than any other cryptocurrency, and it’s not even close.

It is now home to several dApps with the potential to disrupt entire trillion dollar industries in the financial sector

I’ll go over some of these examples below! 🥐
ENS

ENS is your Web 3.0 username.

It uses NFTs to give unique rights to a certain .eth name

They can host censorship resistant websites, or be used to sign into a handful of dapps

Furthermore, users can easily send $BTC, $DOGE, NFTs & any ERC20 to this human-readable address!
Kashi

This is a gas optimized dApp anyone can use & create markets to lend or borrow any ERC20

It features isolated lending markets for one-click leverage trading with minimal risk

Furthermore, it puts idle funds to work for yield when it’s NOT being used as liquidity on swaps
Read 25 tweets
1 Sep
A massive surge of users are about to come to $ETH.

Why?

The news of GameStop launching an NFT platform broke back in July, but after digging a little deeper I’ve connected the dots to something even bigger

I’ll detail this information in the thread below… 🥐
Chewy founder Ryan Cohen joined $GME after he saw specific potential where actions weren’t being taken, particularly in e-commerce

He played a big factor in the success of $GME, who now have over a billion dollars in cash following the legendary short squeeze earlier this year
Clearly, this was no small sum of cash, especially for a company who was worth just $1.3B a few months ago.

It gave GameStop a tremendous treasure chest of funds to work with and use to advance their new CEOs vision of becoming the Amazon of gaming

So, where does $ETH come in?
Read 22 tweets
26 Aug
Is nobody seeing this?

There are so many things lining up for $ETH, it’s hard for me to not expect a massive run up coming in the next few weeks.

$ETH is well on its way to becoming a multi-trillion dollar asset.

Let’s discuss… 🥐
TVL in DeFi

Ever since the beginning of this year, the total value locked in DeFi has gone exponential.

On January 1st, 2021 the TVL was a modest $16B.

Today, this number is now a staggering $85B.

This would place $ETH at the 20th largest bank in the world by market cap
$ETH in smart contracts

Due to the outright explosion of DeFi, the amount of ether placed in smart contracts has similarly gone to all time highs.

In fact, an unbelievable 26% of all $ETH is in smart contracts at the moment.

We can only expect this trend to continue…
Read 12 tweets
24 Aug
In fast-moving markets like this, it seems like almost every other day there is a new bullish “meta” taking over headlines for the week

For this reason…

I’ll attempt to lay out the top 23 innovations on $ETH that may completely change the way we use the network below! 🥐
1. Interchain Accounts

A handful of devs across Proof of Stake blockchains have been working on making the cross chain future a reality

Interchain accounts will allow different blockchains to easily interact with smart contracts on $ETH

This will unlock billions in capital…
2. Smart Contracts Wallets

Smart contract wallets are 100% necessary for widespread adoption of DeFi

These are wallets maintained by contract code, rather than a private key

It opens up a world of opportunity for things like social recovery, gas-less txs, & a whole lot more…
Read 25 tweets

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