Crypto wallets are evolving
Plus: remembering $BTC in March 2020 & decentralizing Hollywood
New to crypto? Cryptocurrency Basics is a 9 minute video that serves as a great intro to the world of crypto.
Welcome to 2 of the newsletter! If the market is scaring you right now I’ve got a super dose of useful perspective (fine… hopium) for you in today’s issue. In all seriousness: how many of us have looked back at the BTC and ETH charts and said, “I wish I could’ve bought when it was that cheap!” Well… this correction is your chance (if you have the guts). Also: MetaMask and other OG wallets might not cut it in the near future and… what if you owned R2D2?
In this issue:
Crypto wallets are evolving
Perspective: Bitcoin in March 2020
NFTs and decentralizing Hollywood
Crypto wallets are evolving
The Generalist just recently published a great roundup covering what several thought leaders think we can expect from 2022. It’s a long read — luckily for you, I’ve gone through it and picked out what I thought was one of the most fascinating trends.
To date, all wallets have been built and designed around transactions. Many wallets are more than three years old and were created solely for buying, trading, and holding tokens. — Gaby Goldberg
When you think of a crypto wallet (MetaMask, Trust Wallet, etc.) there’s a good chance that the above quote describes exactly what you’d envision. Yet, crypto wallets are changing.
As we move into web3 — a more social, open, and interoperable internet — we're seeing more demand for wallets as a place to hold NFTs (see Rainbow or Coinbase Wallet) and multimedia experiences (see Glass, Sound, and Altered State Machine). Put simply, wallets are becoming a place where people want to spend time.
So what’s next in the wallet space? Keep an eye on projects like Genesis, Bitski and Sudo.
Perspective: Bitcoin in March 2020
In March of 2020 Bitcoin was trading around $5,000. Now? $36,445 as I type this sentence. Everyone seems to be freaking out right now and almost nobody seems to have a long-term perspective.
A few related thoughts I’ve saved from the last couple of days to help keep you grounded:
Bear markets reveal the blue chips. — @NathanCRoth
Generational wealth is made in bear markets. — @TrustlessState
50% down. This is where we separate the settlers from the tourists. — @RyanSAdams
NFTs and decentralizing Hollywood
Did you know that a Bored Ape recently signed with CAA (an agency that usually represents famous actors and musicians)?
I recently listened to an episode of Overpriced JPEGs which was an interview with the creators of Deadheads — the first ever animated series that gives character ownership rights to its fan base via NFTs.
While this particular project doesn’t appeal to me personally I’m very interested in the idea of content (think Star Wars movies and TV shows) that fans have some ownership of (imagine if you owned R2D2 from Star Wars).
This is decentralized IP in action. Can’t wait to see how this particular type of use case morphs into the future of media.
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