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Hope you’re having a good weekend out there!
This is Twisted Hank, waiting in line at Twitter HQ to collect my severance package.
Today's specials:
Gamifying Twitter, from @adrianhon
JPMs first DeFi trade, from @TyLobban
Become a block dev, from @NFT_GOD
Tokenizing eBay, from @ryancarson
MicroStrategy's lost $billion, from @ercwl
Ideas for a gamified Twitter Blue
Me hearing Twitter Blue compared to pay-to-win games:
“That’s like a baby’s toy!”
Here’s what REAL gamification would look like, including a Twitter Battle Pass, Achievements, Happy Hour, Streaks, and more! 🧵
— Adrian Hon (@adrianhon)
10:58 AM • Nov 2, 2022
The news of Twitter rolling out an $8 per-month subscription tier has some people warning that the platform will devolve into a “Pay-2-Play” wasteland.
@adrianhon says that, if you really wanna talk P2P, then Twitter should be considering features like achievements, streaks, and a Twitter Battle Pass – hell yeah!
Hey, what’s P2…?
Pay-to-, or P2, is a phrase describing monetized participation structures.
P2 platforms ask users to spend money to access content or receive certain features.
Other platforms work in the opposite direction – using a play-to-earn or P2E structure.
Both approaches are popular in web3 because they help drive revenue and/or participation during the early stages of a project.
Elon’s been moving fast since his Twitter takeover last week.
If you want to know what’s happening, Decentra Daily’s Joe Hitchcock has been keeping up with all the major developments.
J.P. Morgan’s first live trade on a public blockchain
WORLD! J.P. Morgan has executed its 1st *LIVE* trade on public blockchain using DeFi, Tokenized Deposits & Verifiable Credentials, part of @MAS@MAS_sgject Guardian 🙌🚀🔥httpy world 1sts here, & since this is public ⛓ here’s a transparent🧵on what we did:
— Ty Lobban (@TyLobban)
5:33 AM • Nov 2, 2022
This week, J.P Morgan made history by entering its first trade on a public blockchain.
The TradFi bank went DeFi by tokenizing deposits in Singaporean and Japanese currencies using Polygon, on the Ethereum blockchain.
@TyLobban explains how the investment bank's web3 team achieved this historic feat.
Wait, I thought J.P. Morgan hated crypto?
Here are some of the things that JPM CEO Jamie Dimon has said about cryptocurrencies and blockchains in the past:
"I don’t care about bitcoin. I have no interest in it."
"[crypto is] just not a real thing, eventually it will be closed."
"My daughter bought bitcoin, it went up and now she thinks she’s a genius." 😂
What gives, Jamie?
You gaslighting us?
And it wasn't just J.P. Morgan.
DBS Bank and SBI Digital also made DeFi trades this week, using JPM's tokenized deposits.
How to become a blockchain developer
Every major website will be throwing millions of dollars at blockchain developers over the next 5 years
The people learning these skills now will make life changing money
Here are 6 beginner programming projects that will teach you all the blockchain coding you need to know:
— NFT God (@NFT_GOD)
7:10 PM • Nov 2, 2022
@NFT_GOD thinks that companies will be spending millions to build out their web3 storefronts in the next few years – which means high demand for blockchain developers.
Wanna be part of that in-demand workforce? It’s not too late!
Why not get started by learning to build an NFT marketplace, cryptocurrency, or decentralized app.
What will the biggest web3 hiring sectors be?
Chances are, big companies will want skilled people in the following areas:
blockchain development
crypto compliance
new media coms
digital artists
community building & management
Here’s some trademark @NFT_GOD motivation:
“99% of people will read this thread and take no action. Be the 1% that clicks one of these links and spends just 10 minutes a day preparing yourself for the future.”
Tokenizing eBay to cut fraud
Imagine if eBay went all in on tokenizing all valuable assets for sale on the platform.
They have 138,000,000 active users in 2022.
A thread 🧵…
— Ryan Carson (@ryancarson)
1:37 PM • Oct 31, 2022
@ryancarson proposes tokenizing eBay items so that buyers and sellers can trade NFTs, while eBay takes care of the physical assets.
That would let trading go ahead while eBay focuses on making sure items are real and properly transferred between parties.
hHow would this even work?
Say you wanted to sell an expensive watch on eBay.
You could send it to a company facility, where eBay verifies, tokenizes, then vaults the watch for safekeeping.
You get to keep the NFT as proof of ownership, while eBay takes care of your assets.
Meanwhile, buyers can be 100% confident that your watch is a legit listing.
And, they don't even need to withdraw their purchase from eBay's vault unless they want to – because they now have the NFT in their wallet.
Sure, it wouldn't be practical for eBay to cover storage, custody, and shipping for all of its listings.
But what about just the expensive or rare ones – like jewelry, antiques, or art?
As @EasusJ says, eBay is already experimenting with a similar "vault" model for those buying and selling trading cards on the site:
They almost have the foundation with this new Vault concept they launched for collectible trading cards. A lot f people trade graded collectibles on eBay (Myself included), and it isn't a stretch for them to take this Vault concept, tokenize it, and allow NFT trades.
— EasusJ (@EasusJ)
3:41 PM • Oct 31, 2022
MicroStrategy’s billion-dollar investment blunder
Someone made a website to track what MSTR would have made if they longed ETH instead of BTC and it turns out they would be up $1.47 billion instead of down -$1.35 billion lmaooo
— Eric Wall X 🏴 (@ercwl)
1:07 AM • Nov 4, 2022
MicroStrategy makes analytics software and cloud services for businesses.
The company’s co-founder and exec chairman is Michael J. Saylor – a name notorious in crypto circles for his insane devotion to bitcoin (BTC).
Thanks to Saylor, MicroStrategy has invested nearly $4 billion in BTC over the past couple of years.
Here, @ercwl shares a website made to answer the question, "what if Microstrategy had bought ETH instead of BTC?"
The answer? They’d be up over $1.5 billion 😬.
Who is Michael Saylor?
After working as a developer for Boston-area startups, Saylor co-founded MicroStrategy in 1989.
In recent years, Saylor has been a *vocal* advocate for Bitcoin – giving presentations on BTC at Harvard and George Mason, buying up hundreds of millions worth at a go, and calling BTC the “best form of money that’s ever been invented.”
These days, you can find Michael Tweeting crazy BTC cheers every couple of hours.
Guys, you really made it all the way down here? Thanks so much! Now, you’re done.
Have a beer and watch some college football – or your preferred beverage and Saturday TV. 👋
What's coming up @DecentraDaily?
Did you listen to our first-ever Twitter Spaces yesterday afternoon?
We had so much fun, we’ve decided to make it a weekly event.
So if you missed the first one, no worries!
Hosts Wiggles and Villainsky will be discussing the week’s biggest web3 topics, every Friday @ 4 pm (PST) on our Twitter page.
Interested in teaching, sharing, announcing, analyzing, discussing, or just having fun across web3? We want to hear from you!
Tweet us @DecentraDaily & say hi!