gm, I have a cool life update!!!

A month ago, I quit my job to go full time crypto ๐Ÿ”ฅ

Since then, Iโ€™ve been doing deep dives on different web3 products & protocols.

I compiled 10 of my threads to help you better grasp the ecosystem.

Please share if you find them helpful!

โ€ข โ€ข โ€ข

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More from @yb_effect

8 Nov
From a single blog post covering Axie Infinity, @packyM was able to raise $45,782 (9.56 eth) on Mirror.

Web2 was for the platforms. Web3 is for the creators.

@ArweaveTeam & @viamirror make it possible to own and monetize your content.

Let's see how ๐Ÿ‘‡
1/ Heads up, this thread is long!

After doing some research, it made most sense for me to discuss Arweave & Mirror together.

I decided to dive deeper after I saw @cdixon moved his threads over to Mirror.

2/ Last week, I wrote a thread covering Variant Fund's thesis.

Tldr: Web3 provides a paradigm shift in how we think about the passion economy.

Read 29 tweets
27 Oct
"The creator economy allows you to be your own nation state" - @Cooopahtroopa

Web3 enables people - not platforms - to own and use the value they create.

@variantfund is playing a huge role in making the passion economy a reality for the middle class.

Let me explain how ๐Ÿ‘‡ Image
1/ Typically, I write about specific web3 products & protocols such as Rabbit Hole and Olympus DAO.

But last week, I came across this post by Li Jin announcing that Variant Fund & Atelier were joining forces.

2/ I'm sure many people on crypto Twitter have seen posts around the topics of passion economy and ownership.

I've always had a vague idea of what these topics were, but wasn't able to explain the logic comprehensively.

So I decided to go down the Variant Fund Rabbit Hole.
Read 29 tweets
22 Oct
Ignoring @OlympusDAO today would be the same as brushing off bitcoin in 2010.

Do yourself a favor and go down the Olympus rabbit hole.

It's a genius project that creates wealth and has utility.

Let me explain how Olympus takes currency to the next level.

Thread below ๐Ÿ‘‡
This thread is long, stick with me!

There's a lot of moving parts in the protocol, and I want to make sure I cover the main ones.

Feel free to DM me if you have any questions.
1/ The initial goal of crypto has been to create a decentralized digital currency.

Some people think that after bitcoin goes mainstream, it will be the default value system.

Who knows if that ever happens? And if it does, how long will it take?
Read 34 tweets
17 Oct
Imagine if Twitter didn't allow its users to customize their handles.

Our entire feed would look like "user12837473".

That's how crypto feels like right now.

@ensdomains is drastically improving the crypto UX by providing web3 handles.

Let me explain how๐Ÿ‘‡
1/ Before we even get into ENS, let's talk about Domain Name Server (DNS).

DNS has been a functional component of the internet since the mid 80s.

It was created as a solution for a friendlier Internet UX.
2/ Think of DNS as the phonebook of the internet.

When you enter a website name in your browser, the human readable name is being translated to the machine readable ip-address.

(Image by Kinsta)
Read 26 tweets
12 Oct
A single Twitter thread by @punk4156 in June led to a project now worth $34 million.

@nounsdao will take the concept of meta DAOs mainstream.

Let me explain why this is a must know project.

Thread Below๐Ÿ‘‡
1/ John Watkinson and Matt Hall (co-founders of Larva Labs) released the Cryptopunks in 2017.

The Cryptopunks are 24x24 pixel images of 10,000 unique characters.

Cryptopunks became the model for NFT PFPs (profile pictures).
2/ These days on Crypto Twitter, it's pretty rare to see anyone with a propic of themselves.

The punks helped people understand the utility of NFTs.

But what's next for the NFT world?
Read 26 tweets
7 Oct
"We will have a billion VCs by 2040. Crypto will turn everyone into investors." - @balajis

@SyndicateDAO is simplifying the process for people to form and use DAOs to invest.

Let's see why that's so important ๐Ÿ‘‡
1/ Keeping your money as cash in the bank is the same as choosing to invest your earnings in fiat.

Most people have heard the adage "don't put all your eggs in one basket".
2/ But for some reason, people think fiat currency is an exception.

If you want to truly diversify your net worth, you can't have the majority of your earnings locked up in a savings account.
Read 19 tweets

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