#153 - Web3 threads 🧶 of the week

GM and welcome to Decentra Daily.

We're the newsletter that's turning our web3 thread roundups into a Saturday morning tradition.

*Customary rewards program plug...*

Today,

• @CozomoMedici's NFT donations

• @moneywithkatie on the millennial 1%

• @Blockworks' guide to tokenomics

• @punk6529 on taxis

• @dotta on Ordinals vs NFTs

• @alea_eth on building web3 communities

• @ThorHartvigsen tracks 8 VC wallets

• @overpricedjpegs recaps Blur's airdrop

• @TuringCrypto on a DAO buying BAYC's key

• @waleswoosh on degenerate top signals

Web3 threads of the week

@CozomoMedici makes on-chain art history with a donation to LACMA

Rembrandt, Kahlo, and O'Keeffe got some new roommates this week.

@CozomoMedici donated 22 NFT artworks to the Los Angeles County Museum of Art.

CdM's donation includes generative, 1/1, and photography pieces – and is a significant piece of art history in itself, as the first on-chain art donation from a collector to a museum. 🙌 

It's been a good week in general for digital art. LiWA is flying higher and higher, and Paris's Centre Pompidou also bought 18 NFTs for its permanent collection.

@moneywithkatie on the unexpected buying power of the Millennial 1%

Millennials are Web3's largest age demographic – why?

According to @moneywithkatie, one reason could be that the generation's wealthiest 1% are doing better than nearly any other generation in US history.

In this thread, Katie explains how a select group of millennials are pulling away from their peers – thanks to no student debt, buying the bottom of the housing market, and landing a job during the big tech boom.

(Don't forget getting in early on PFPs, too.)

@Blockworks_ posts the beginner's guide to analyzing project tokenomics

With this week's Checks burn and $BLUR airdrops, it's a good time to re-up your tokenomics knowledge.

In this thread (and linked guide) @Blockworks_ explains the core elements of tokenomics, including token supply, utility, distribution, inflation, and cross-chain accessibility.

Investing in a project with broken tokenomics can leave you down bad – even if the founders have nailed other aspects like the artwork and community.

On the web3 wire

The SECs charges against Do Kwon contain damning evidence 🚔Coindesk profiles 4 major findings from the SEC's case against TerraUSD.

+$4 million ETH has been burned in the past week 🔥The sharp cut in ether supply was driven mostly by the $BLUR airdrop.

Bloomberg reports that Binance may delist US crypto; CZ denies 🤷‍♀️US divisions of the biggest exchanges are becoming regulators' no.1 target.

@punk6529 on taxis, centralization, and threats to your freedom

The more digital, instantaneous, and device-oriented our world becomes, the tighter big tech's grip on the market gets.

With the money and power to do things just a little bit better than everyone else, today's biggest companies effectively nullify the competition.

The result? Deep centralization – where private companies can shut off your apps, utilities & access with the click of a button.

The solution? You guessed it. The blockchain.

@punk6529 lays all this out in a thinkpiece masquerading as a Twitter thread, using the example of Taxis as an industry that's recently succumbed to tech centralization, and stands to greatly benefit from the blockchain's decentralizing power. 

Also – @punk6529 appeared on the (highly recommended) @BanklessHQ podcast this week, to give the greatest NFT locker room speech that degens have ever heard.

If you're feeling FUD around the NFT space, this episode is a must-listen.

@dotta on how Ordinals could show us a different path for NFTs

As Ordinals pass 100K inscriptions, @dotta has noticed some differences in how the Bitcoin "NFTs" operate compared to their traditional Ethereum counterparts.

In this alternative NFT universe, there are no expectations of royalties or roadmaps, there are games, videos, and 3D sculptures alongside JPGs, and the inscription method is appealing most to 1/1 creators.

– and, the current practice of sending each Ordinals to a new address means that, so far, we're not seeing the same focus on whales/clout that dominates the eth NFT space.

@alea_eth on how to build your web3 community in a structured, goal-oriented way

Web3 builder? @alea_eth is here with a thread to keep you in the 10% of projects who command an active holder community.

Alea's "Community Canvas" has three parts:

• Community Identity

• Community Experience

• Community Structure

Creating a community identity is about defining a purpose and set of values.

Community experience is about developing systems and rituals that encourage holders to meaningfully interact.

And creating a successful community structure means ensuring there are well-governed spaces for all aspects of your community's needs.

@ThorHartvigsen searches for the VC krakens behind the crypto whales behind the retail investors

In this thread, @ThorHartvigsen goes wallet hunting, uncovering the many hundreds of addresses owned by the biggest crypto-focused venture funds.

What did Thor find?

• Jump Trading holds at least $3.25bn ETH and 328m SHIB

• Blockchain Capital holds $21.7m MATIC

• a16z has $257m UNI

Check out the thread for the full list & balances. 👍

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@overpricedjpegs gives you the summary of the week's biggest story: the $BLUR airdrop

The distribution of NFT marketplace Blur's rewards (its new $BLUR token) created a few millionaires and rugged US citizens without VPNs

– and @overpricedjpegs sums it all up in this thread.

Since the airdrop, Blur has dominated other marketplaces and all that extra liquidity has sparked an NFT trading boom. Will it continue into next week? 

@TuringCrypto wants the Inhabitants UPDAO to buy @Mongraal's Dookey Dash key

This week, Dookey Dash scores were verified and @Mongraal was officially awarded the 1st place prize – the key to Gary the Dog's interdimensional lockbox.

Shortly after receiving the prize, @Mongraal listed the key on Opensea for a speculatively high price: 2,222 ETH.

In this thread, @TuringCrypto argues that UPDAO (a decentralized community of Inhabitants holders) should use some of their sizable funding pool to make a 690 ETH bid for the key.

Why? It could make the UPDAO "the center of the Web3 gaming universe."

You can read the official proposal here.

And finally, @waleswoosh shares the most 🤣😳 top signals from the last bull market

Our favorite (i.e. cringiest) top signal from @waleswoosh's thread?

It's gotta be Zuckerberg's *ahem* musically gifted sister.

🎶 we're all gonna make it, we're all gonna make it... 🎶

Enjoy the weekend & see you in the next Decentra Daily 👋

Meme of the day

Where can I find a gud egg floor price tracker?

What we're reading this week