Tokenised communities, Web5 and much more
Good morning 💫
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This week, we talked about taking the long-view for NFT projects. Next week, we’re talking about tokenized communities. As always, we’ve summarised the best reads from web3 below.
What’s happening in Odyssey
Last week, we hosted an event on taking the long-view on your NFT project. If you missed it, the recording is available here.
Next week, we’re hosting:
A weekly study group that happens every Thursday, 8 AM PST - Register here
What’s happening in web3
Jack Dorsey announced Web5: “an extra decentralized web platform”. For those wondering, the “Web5” label is a dig at “Web3”. It has many similarities with Web3 but proposes a different design using Bitcoin. I wrote a thread on it below.
Jack’s love for Bitcoin is no secret. He’s also launching a Bitcoin academy with Jay Z in Brooklyn.
Salesforce launched NFT cloud - a tool for brands to mint NFTs and sell them.
The Ethereum merge is coming. On 8 June 2022, the team completed the merge of the Ropsten network. This is an important step in Ethereum’s move to a proof-of-stake network.
Optimism engaged Wintermute, a market maker, to facilitate an airdrop. They sent approximately $15 million of tokens to an address but later discovered that it was an Ethereum address and not compatible with Optimism. In the meantime, a hacker accessed the address and stole the $15 million.
U.S. Senators Cynthia Lummis and Kirsten Gillibrand have unveiled their long-awaited crypto bill. The key aspects of the bill are:
No tax for transactions under $200
People can self-custody if they wish to
Crypto is considered a commodity, not a financial asset
Stablecoins must maintain a 100% reserve
Antony Hopkins wants to buy an NFT.
Cryptopunks turned 5.
As always, join our community to check out more events, contribute to a project, and stay up to date. Until next week!