How to analyse blockchain data

Our event with Flipside crypto and the best from Web3

Good morning 💫

This week, we hosted an event on underrated skills in Web3. Next week, we’re talking to Flipside Crpyto about blockchain data. We’ve also rounded up the best news in Web3 for you.

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What’s happening in Odyssey

Last week, we hosted:

• Underrated skills in Web3. Find the recording here.

• Our weekly study group, focussing on the Utility of Crypto in Emerging Economies.

Next week, we’re hosting the following events:

• How to access blockchain data - Thursday, 21 July 2022 9 AM PT. Flipside is joining us to talk about analysing blockchain data. Register for the event here.

  

• The state of black in Web3 - Friday, 22 July 11 AM PST. Register here.

  

You will find all future Odyssey events here 💫 . Also, check out our free learning guides.

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What’s happening in web3

The Ethereum merge is likely to take place in w/c September 19th.

Evan Van Ness 🦇🔊 @evan_van_ness

Merge scheduled for mid to late September

Evan Van Ness 🦇🔊 @evan_van_ness

THE MERGE: Scheduled for mid to late September. --- IMPORTANT CAVEAT: scheduling is done via block number and thus it can fluctuate due to hashpower changes

Gamestop launched an NFT marketplace and achieved $2 million in sales within 24 hours.

GMEdd.com @GMEdd

The GameStop NFT Marketplace has achieved over $2,000,000 in volume after launching yesterday.

Ledger and Reddit also launched marketplaces of their own. I wrote about how these marketplaces fit into their business models.

ntkris @ntkris

The NFT market has fallen from $3.8 billion (w/c 10 Jan) to $182 million (last week) in terms of weekly ETH NFTs. Despite this, @Ledger, @GameStop and @Reddit have launched NFT marketplaces. Here's why.

Check out Peter’s thread on how $1.9T was wiped from the crypto market.

Peter Yang @petergyang

The global crypto market has lost $1.2T in just 3 months and multiple crypto companies are facing bankruptcy. I spent the whole weekend researching exactly went down. Here's the sordid tale of how a few greedy players screwed millions of retail investors: 🧵

Magic Eden launched a VC arm to invest in gaming startups.

The US announced a 9.1% inflation rate for the month of June.

Charlie Bilello @charliebilello

The US Inflation Rate rises to 9.1%, its highest level since November 1981. In November 1981, the Fed Funds Rate was over 12%. Today it's still below 2%. Charting via @ycharts

Celsius filed for bankruptcy and announced that it doesn’t have money for $1.2 billion of loans.

Watcher.Guru @WatcherGuru

JUST IN: Celsius Network's bankruptcy filing revealed a $1.2 billion hole on its balance sheet.

USDC published a report showing their reserves. They hold US dollars in cash and treasury bonds.

Jeremy Allaire @jerallaire

1/ As part of our commitment to increasing transparency and disclosure around USDC, today we're publishing our first monthly breakdown of the USDC reserve assets, by each and every Treasury Bond and list of cash reserve custodians. circle.com/blog/providing…

Here’s great thread on the application of Web3 to the gaming industry.

Justin Kan ❄️ @justinkan

Simple case for why web3 could be an important new business model in for games:

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As always, join our community to check out more events, contribute to a project, and stay up to date. Until next week!