You've been waiting for this...
PLUS: can you save your way to wealth? & more!
New to crypto? Cryptocurrency Basics is a 9 minute video that serves as a great intro to the world of crypto. It’s part of our Crypto and Web3 for Absolute Beginners course.
What if you planted a seed and got mad because it wasn’t a full-grown tree the next day? Don’t be that investor.
In this issue:
You’ve been waiting for this…
Can you save your way to wealth?
P2E gaming is going to be really big
NITRO! (3 can’t-miss things)
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You’ve been waiting for this…
“I’m going to buy the next dip,” you told yourself. Well how “dippy” do you like your dips? As pointed out by Sasha:
Fantom is down 54% from it’s ATH
Solana is down 67% from it’s ATH
ADA is down 72% from it’s ATH
Luna is down 51% from it’s ATH
Bitcoin is down 45% from it’s ATH
Insight: a little risk is better than a lot of regret.
Can you save your way to wealth?
Say you put $100,000 in the bank right now. In a year you might earn about $100. Wow that’s pathetic.
On the other hand if you dropped $100,000 into the S&P 500, as Andrew helpfully points out, you could earn $10,000 per year (expecting approximately 9-10% annualized returns over an extended period of many years).
DeFi, of course, is famous for netting the juiciest APY you can find. Nexo, for instance, offers the ability to earn up to 20% annually (paid out daily, btw).
Insight: you can’t save your way to wealth. You’ve gotta own a piece of something valuable.
P2E gaming is going to be really big
From the Milk Road newsletter interview with an ETH Denver attendee:
Play-To-Earn is gonna be really big.
I’m already investing in Wolf Game and DeFi Kingdoms and there will be more that I'll go after.
I'm also paying a lot more attention to social games now - games that are somewhere between social and gaming. Kinda like a social behavior to earn tokens.
I think we're getting past the "art" phase for NFTs and now we're diverging into two different paths - access (like tickets to enter clubs or events) and then play-to-earn.
I'm paying attention to both and investing where I can!
NITRO!
Cool: thirdweb makes it stupidly easy for anyone to build a web3 app
News: Investors Can Now Buy Home Equity Slices Via Fractionalized NFTs
See you next time (and don’t forget to check out Jasper)!