Twitter fully embraces NFT profile pics

DeFi is growing like CRAZY and now YOU can be a web3 creator!

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Today there’s some big news from web2 world as a major “old school” tech platform gets a little web3. Also: don’t feel like you’ve missed out on DeFi. The space is really heating up as you’re about to see (the best is definitely yet to come). Finally there is a real opportunity to get serious about not just consuming crypto content but starting to create it (and profit from it) as well. Welcome to issue number 4 — let’s jump in!

In this issue:

1. Twitter fully embraces NFT profile pics

2. DeFi is growing like CRAZY

3. Now YOU can be a web3 creator

Twitter fully embraces NFT profile pics

It was rumored for quite awhile that Twitter might integrate PFP (profile pic) NFTs on the platform in an official way and today that feature officially arrived. So now you can link your wallet and show off your NFTs in a more official way (in other words your PFPs can actually be used for something).

Be on the lookout for hexagonal profile pics — those are the official NFT-linked PFPs (as opposed to Twitter’s usual circular photo space). One thing that might get lost in the noise is that people will be able to see all of the NFTs associated with a given wallet as the wallet address will become public… so make sure you keep the stuff you don’t want the world to see in another wallet (I guess that would make it your private art collection).

DeFi is growing like CRAZY

If you’re relatively new to the crypto space you might not remember hearing about the DeFi summer (summer of 2020 to be exact). Turns out DeFi was only just getting started in a big way back then. Over the last year the DeFi wave has been more like a tsunami having grown from $20b to $266b. Whoa.

$ETH, $LUNA and $BNB have the largest market caps and TVL but the one you might really want to keep an eye on is $FTM. With a market cap of just $11b it’s looking super undervalued.

$BTC, by contrast, is simply $BTC. But $FTM has great, growing ecosystem that includes DeFi superstar $CRV among others. With partners like Chainlink and The Graph along for the ride I’m personally more and more bullish on $FTM.

Now YOU can be a web3 creator

I briefly mentioned Mirror in a recent issue here but it was simply by way of an illustration. Today I want to make sure you know that Mirror — a platform that bills itself as “the essential web3 toolkit for sharing and funding anything” — has fully opened to the public. Finally! I’ve been waiting for this for a long time.

From their blog post:

For the past few months, people were required to earn and burn a $WRITE token to get full access to Mirror’s web3 creative suite. Going forward, anyone can connect their wallet, tell their story, launch a crowdfund, sell NFT editions, split revenue with collaborators, create a tokenized governance game, and auction NFTs.

If you’re not a coder/builder but you want to get in on web3 early (and yes, it’s still very early) then creating content on Mirror might be the best shot outside of creating your own NFT drop. I’ve seen stuff sell for, how shall we say, incredible amounts on Mirror. Blog posts. Images. Music. Whatever. They can all be sold on Mirror. Don’t sleep on this!

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See you tomorrow for the final issue of the week!

— Chris