As a developer building on the bleeding edge of the web3 ecosystem, I can’t help but feel we have just begun to explore this design space.  We are still discovering all of the completely new ways this technology will change the world. I see one trend in particular that will unlock a ton of value: Decentralized…

In this week’s episode we speak with Mike Novogratz, the CEO of Galaxy Digital. He started his career at Goldman Sachs and then led a macro hedge fund at Fortress, which was shuttered in 2015. He then went all-in on crypto, in part thanks to convincing from his college roommate Joe Lubin, and founded Galaxy Digital,…

It’s official. NFTs have exploded. Prompting a wild free for all on one side with numbers you can scarcely believe and deep and justified skepticism on the other. But the problem is most have only the most rudimentary understanding of what NFTs are and what they can do. So I set myself the goal of…

Uniswap continues to grow both in fundamentals and price action. In spite of a macro correction, where the Nasdaq retraced over 10% and Ether 30%, UNI and other DEX tokens continue to outperform. With the Coinbase IPO closing in and the $1.9T stimulus approved, the perfect storm may be brewing for DEX tokens.  UNI and…

A 21,069 x 21,069 pixels jpg file attached to an Ethereum token sold today for $69M in ETH at Christie’s, the world’s oldest fine art auctioneer. Of course, we’re talking about Beeple’s “Everydays: The First 5,000 Days.” The sale was not only a record for an NFT; it was also the third-most expensive work from…

Move over legacy M&A, on-chain protocol mergers are coming to town. Proposals for merging Keep and Nucypher are live on both projects’ forums. The projects are threshold cryptography networks, which protect information by encrypting it and then requiring a certain number of parties to decrypt it) networks. The potential merge is the first of its…

Degenerative Finance has launched uSTONKS, a synthetic that tracks the ten most bullish Wall Street Bets stocks. The project is a collaboration between Yam Finance and UMA protocol, and is intended to function as a DeFi proxy for hype on Reddit’s WSB. Users who mint and provide liquidity during the first three weeks will receive…

MakerDAO will soon launch a feature which may solve the biggest UX hangup of the Optimistic layer 2 (L2) scaling solution. The feature will allow users to move not only DAI, but eventually any Ethereum asset, off Optimism and to layer 1 (L1) within minutes. Considering the previous withdrawal wait period of one week, the…

In case you needed further proof that NFTs are going mainstream: the latest NFT artist uploading tokens to Rarible is Mean Girls star Lindsay Lohan. Not only that, but her Bitcoin to the Moon piece is going for 24 ETH, or around $44k. Since Rarible is built on Ethereum, Lindsay also released an NFT painting…

The recent NFT boom is spurring concern that the environmental impact of minting these tokens might not be worth the benefits this emerging market is creating, with at least one artist canceling his NFT drop. In brief, blockchain mining is very energy intensive, and by extension, so is mining NFTs.  Both the Bitcoin and Ethereum…