The difference a year makes in crypto
You know what they say... when in doubt: zoom out!
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 to the first issue! I’m so excited that 90 of you have already decided to hop onboard. As you know the goal here is to cut through the seemingly infinite amount of crypto information published each day and boil things down into a handful of interesting and useful insights you can read in 5 minutes or less. Let’s see how this goes. There’s so much to share that it won’t all fit here so make sure you’re following @greatonboarding on Twitter for some epic threads! Let’s dive in.
In This Issue:
The difference a year makes
Programmable business models
Yup — the social network that pays curators
The difference a year can make
Whether you’re already a crypto investor or are still thinking about dipping your toes in the water, it’s useful to zoom out and take a look at the bigger picture rather than focusing on the daily, weekly or monthly charts. With all the volatility the crypto market has seen recently… it’s almost surprising to realize just how much growth there actually has been. Check out this list comparing where these prices were on January 15th 2021 vs January 15, 2022:
15th Jan 2021 | 15th Jan 2022
$BTC = $35,791 | $43,501
$ETH = $1,230 | $3,353
$BNB = $38.11 | $497
$SOL = $3.81 | $149
$LUNA = $0.80 | $86.8
$AVAX = $13.20 | $93.3
$MATIC = $0.034 | $2.37
h/t @Route2FI
Programmable business models
While watching a nearly 2 hour long podcast episode from Bankless with Li Jin that just recently dropped I ran into the concept of programmable business models for the first time. I love Jin’s body of thought on how the creator economy can morph into the ownership economy which could someday morph into the community economy (all subjects worthy of further exploration on their own).
Jin posits that sometime in the future as people’s work moves on-chain and becomes tokenized we could see a type of “universal content library” develop that allows the people who inspired a piece of content to be paid for their contribution. So, for instance, if 3 writers co-author a piece on Mirror today and it sells for 3 ETH they could all split that 3 ways.
Great… but let’s say the authors built their writing on the ideas a several influential people that were mentioned in their article. In a future scenario a blockchain-powered universal content library could make it possible to split the revenue from the article with not just the authors but also the influencers who impacted their thinking.
What a great example of the mind-blowing transformational power of blockchain and crypto technology!
Fun fact: the first NFT I ever bought was on Mirror.
Yup — the social network that pays curators
Those who know me from DailyTekk know I love to curate cool new apps and I couldn’t resist throwing in a crypto-powered social networking app called Yup. Social networks are primed for either adaptation or disruption as crypto seeps into society. I don’t think anyone’s exactly sure what will end up sticking but I’m super intrigued with the main idea of Yup: paying people for their clout and taste. Might be worth a look (if for nothing else then an idea of what the future of social networking might look at least a little bit like).
That’s it for issue number one. Please give me your feedback and let me know what you think! Each issue is probably going to be very unique. See you tomorrow!