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Blockworks Profile picture
@Blockworks_
Sep 28, 2022 • 1 tweets • 1 min read • Read on X
The Punk 2924 was bought for 3,300 ETH ($4,451,633.94 USD) Image

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More from @Blockworks_

Blockworks Profile picture
Feb 17, 2023
DeFi has been at the forefront of financial innovation.

The need for competitive returns has ignited the growth of yield from real-world assets.

How real-world assets are positioning themselves to be DeFi's next growth engine 🧵
1/ What are real-world assets?

RWA are tangible assets or financial primitives with the potential to serve as collateral in the DeFi:

• Cash
• Metals
• Royalties
• Insurance
• Real estate
• Credit notes
• Corporate debt
• Consumer goods
• Salaries and invoices
2/ They compose the majority of global financial value.

Gold's market cap is ≈$11t
Fixed income debt market is worth ≈$127t
Global real estate is approximately ≈$362t
Read 7 tweets
Blockworks Profile picture
Feb 17, 2023
Due diligence can sometimes be hard to achieve when little information is available.

But identifying green and red flags in crypto projects doesn't have to be complicated.

Here's how 🧵
1/ Green Flags

Security audits

Audits guarantee that the core project team does not reserve the right to issue new tokens outside the publicly disclosed amount or suddenly assume control of user tokens.
2/ Existing user base

A project with hundreds of thousands of existing users before releasing its tokenomics arguably has an existing business model that would last into the foreseeable future.
Read 7 tweets
Blockworks Profile picture
Feb 16, 2023
Tokenomics explains why any digital asset has value.

And it is essential to building an investment thesis.

An investor's guide to tokenomics 👇
Many investors consider tokenomics to be one of the most critical factors when evaluating a crypto project.

A project with a failed tokenomics structure could struggle to gain traction even if it has the most innovative product or development team.
The fundamental idea behind creating a token is to bring value to most holders.

Striking a perfect balance between the different features listed below makes it easier for projects to achieve the desired outcome.

The core tokenomics features:
Read 20 tweets
Blockworks Profile picture
Feb 10, 2023
The biggest companies are still hiring for crypto.

Visa, JPMorgan, Nike, and a lot more.

A thread on what they hiring for:
1/ JPMorgan

The finance giant believes its crypto subsidiary, Onyx, can lead a major shift in the financial services industry.

The bank is looking for a point of contact between Onyx's platform and its external clients.
2/ Mastercard

Mastercard is looking for a software engineer that can help build the next generation of crypto tools.

The company states that its mission is to connect and power an inclusive, digital economy that benefits everyone.
Read 11 tweets
Blockworks Profile picture
Feb 9, 2023
Many believe the metaverse will help shape a new digital future.

But contrary to popular belief, the metaverse dates back almost 200 years.

A short history of the metaverse 🧵
1838

Sir Charles Wheatstone outlined the concept of "binocular vision," where you combine two images, one for each eye, to make a single 3D image. Image
1935

American science fiction writer Stanley Weinbaum published the book Pygmalion’s Spectacles. The main character explores a fictional world using a pair of goggles that provide sight, sound, taste, smell, and touch. Image
Read 20 tweets
Blockworks Profile picture
Feb 5, 2023
Market making is a multi-trillion industry.

Crypto has introduced an innovation that is looking to get a piece of the pie.

Automated Market Makers 🧵
1/ What is an AMM?

AMMs were initially introduced by Vitalik Buterin in 2017.

An AMM is a type of DEX protocol that relies on a mathematical formula to price assets. Instead of using an order book like a traditional exchange, assets are priced according to a pricing algorithm.
2/ An easy way to understand AMM-based exchanges is to consider how they differ from traditional exchanges:

Traditional exchanges require buyers and sellers to meet at an overlapping price point on a centralized order book.

In contrast, AMMs do quite a few things differently.
Read 12 tweets

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