Crypto mortgages are a thing now
Not to mention cryptoIRA accounts... is crypto growing up or something?
Note: If you’re new to crypto and feeling kind of lost be sure to check out our Crypto and Web3 for Absolute Beginners course (the foundational first lesson is completely free and will help get you sorted out!).
Welcome friends. Our community is growing and you’re here early. There’s now 113 of us in the TGO newsletter fam. I haven’t felt the rush of building something from scratch for so long — not since I started DailyTekk. We’re going to have so much fun together. I’ve curated some exciting things for you today so let’s get it (and don’t forget to follow @greatonboarding on Twitter).
In this issue:
Crypto mortgages are a thing now
FWB and DAOs within DAOs
NFT investing through a difference lens
How crypto Twitter is describing web3
Crypto mortgages are a thing now!
Depending on the day it can seem like crypto is maturing quickly or growing so much slower than you’d like. Well today seems like the former as I found out that not only is there such a thing as a cryptoIRA (Individual Retirement Account) now thanks to Alto but a company called Milo is going to be offering people the option to get a crypto mortgage! What?!
I remember a crypto acquaintance telling me they were saving up their Bitcoin to use as collateral for a mortgage someday and thinking to myself, “Yeah, maybe in 20 years.” Nope. The time is now and I’m sure this is just the beginning. The crazy thing is with Milo there’s no credit history or SSN required and there’s a simple 10 minute online application… for a mortgage. Again: what?!
FWB and DAOs within DAOs
I was listening to episode 14 of the Seed Club DAO podcast while I was in the car today and I was constantly blown away by a new idea or concept every 5 minutes or so. One of the concepts that blew me away the most was the idea of having sub-DAOs within a main DAO which is exactly how FWB (Friends With Benefits) is setting things up.
Alex Zhang (aka the “mayor” of FWB) talked about different groups or departments within the main DAO (marketing, editorial, product, etc.) being like “neighborhoods” within the larger organization that should each have their own governance. Why? So each smaller group can do things like deploy capital, run mini town halls, create their own infrastructure and even figure out their own tokenomics model attached to the FWB token. Reason? A stronger sense of ownership. Just when you think you’ve seen it all…
NFT investing through a difference lens
What do you think of first when you hear the phrase NFT investing? Art collecting? PFPs? Maybe even music NFTs lately? In our crypto course I tried to hammer home the important role that NFTs are going to play outside of picture profiles and art collecting but a tweet I ran across today really did an excellent job of framing things in a new light. It was this:
How crypto Twitter is describing web3
If you haven’t already followed @greatonboarding on Twitter then you don’t realize that we’re aiming to publish one amazingly useful thread over there per day. Here’s a preview of today’s thread for you:
Catch the rest of the thread here.
That’s it for issue 2! I’ve got some plans to keep things fresh to be on the lookout for some experiments and new sections/features as we move along. If you got some value out of this episode you’d make my day by sharing it using the button below!
Catch you tomorrow!
— Chris