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

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.

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 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.

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.

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.

MEV Boost has captured close to 100,000 ETH since The Merge.

Understanding the concepts of MEV and PBS is crucial to understanding Ethereum or any L1.

@MattFiebach simplifies this complex topic 🧵 1/ MEV: Maximal Extractable Value

Block Producers (formerly the block miner in PoW, now validator in PoS) have the right to order txns in a block.

Reordering txns can result in profit. This is through activities like front running, arbitrage, JIT Liquidity and sandwich attacks.

The tokenization of real-world assets continues to gain momentum.

The Boston Consulting Group estimates that this industry will reach $16 trillion by 2030. 👀

Why tokenization will disrupt financial markets 👇 1/ Increased Efficiency

Utilizing blockchain technology removes the need for legacy middlemen, resulting in reduced settlement time and cost savings for issuance as well as other processes (i.e. corporate actions, reconciliation).

The Basics Of Ethereum Scaling

A quick guide on:
1. @zksync
2. @arbitrum
3. @0xPolygon
4. @optimismFND
5. @StarkWareLtd

By @MattFiebach 1/ L2 Tech Background

With ETH 2.0 and sharding a distant future, scaling Ethereum and defeating the blockchain trilemma is a feat being taken on by giga-brain teams everywhere.

A basic understanding of these projects is a requirement for all interested in Ethereum's future.

The $5.4 billion Alameda VC portfolio revealed by the Financial Times 1/

Visa and Mastercard's Approaches Towards Stablecoins 🧵 1/ Card networks have been the leading players in the payment world since the 1960s.

And have been constantly innovating through time.

But the emergence of new digital assets has fundamentally changed the game...

Vitalik published a new article on what excites him the most in the ETH ecosystem right now

Here’s what he said: 1. Money

Crypto offers several advantages in wealthy countries:

- Safety against de-platforming
- More convenient to make donations
- Represent private money in a cashless society

BCG estimates the tokenization of global illiquid assets to be a $16 trillion business opportunity by 2030

6 advantages of tokenization 👇 1/ Increased Efficiency

Utilizing blockchain technology removes the need for legacy middlemen, resulting in reduced settlement time and cost savings for issuance as well as other processes (i.e. corporate actions, and reconciliation).

How some of the world's most valuable clothing brands are betting on the metaverse 🧵 1/ Nike

- Acquired the NFT fashion producer RTFKT

- Filed several metaverse-related trademarks

- Created Nikeland, a shop in the metaverse Roblox

- Made over $185.34 million in NFT sales

2022 The Year Institutions Evolved Into Crypto 🧵 1/ January

- CashApp offers lightning network access to users
- Twitter launches NFT integrations
- Robinhood starts crypto wallet testing

Coinbase Custody has revealed the amount held in each Grayscale product as of Sep 30, no cold addresses were shared.

Grayscale Bitcoin Trust: ≈ 635,235 BTC

≈ $10,200,744,223

Grayscale Ethereum Trust: ≈ 3,056,833 ETH

≈ $3,435,178,073 Ethereum Classic Trust: ≈ 11,915,998 ETC

Zcash Trust: ≈ 333,904 ZEC

Bitcoin Cash Trust: ≈ 310,415 BCH

Litecoin Trust: ≈ 1,534,087 LTC

Horizen Trust: ≈ 620,253 ZEN

Stellar Lumens Trust: ≈ 75,424,502 XLM

Filecoin Trust: ≈ 107,179 FIL

FTX's Bankruptcy.

The new CEO has shared how FTX was internally managed:

1. Private keys access
2. Use of company funds
3. How money was managed
4. SBF's message system
5. Billion-dollar personal loans
6. Internal departments

This is what he said: 1/ FTX's new CEO on SBF:

"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here."

Nike is launching a web3/NFT platform.

A breakdown of all you need to know about it:

1. Virtual collections
2. Marketplace
3. Royalties
4. Utilities
5. Community
6. How to get access
7. The first virtual drop
8. Nike's future web3 plans 1/ Nike and Web3

In the last 12 months Nike has embraced web3 and crypto through multiple initiatives:

- Nov 21: Files NFT-related trademarks
- Dec 21: Nike acquires NFT startup RTFKT
- Jan 22: Nike lists metaverse jobs
- April 22: Nike drops an NFT collection

134 of FTX's firms filed for bankruptcy:

1. Alameda Aus Pty Ltd
2. Alameda Global Services Ltd.
3. Alameda Research (Bahamas) Ltd
4. Alameda Research Holdings Inc.
5. Alameda Research KK
6. Alameda Research LLC
7. Alameda Research Ltd
8. Alameda Research Pte Ltd 9. Alameda Research Yankari Ltd
10. Alameda TR Ltd
11. Alameda TR Systems S. de R. L.
12. Allston Way Ltd
13. Altalix Ltd
14. Analisya Pte Ltd
15. Atlantis Technology Ltd.
16. B for Transfer Egypt
17. B Payment Services Nigeria
18. B Transfer Services Ltd

MEV, MEV, MEV.

Everyone has been talking about it.

But what is it? A quick guide 🧵 1/ Flashbots and MEV-Boost

Flashbots is an entity researching and developing ways to mitigate the negative externalities of MEV. They have designed MEV-Boost (originally mev-geth) as a way to allow for transparent MEV activity and to democratize access to MEV rewards.

Expect a busy macro week ahead:

- Jobs data
- More earnings
- FOMC meeting

Where's the market heading?

🧵 These 9 charts will help us understand. 0/ Context - The Pivot

The market decided the Fed pivot might arrive sooner than later.

But if Powell insists on wearing his Paul Volcker costume for much longer, risk assets are likely to be so spooked, it might take a massive rally just to get us back to where we are now