Happy Wednesday, Blockfolians

The Lede

Okay well this week has no chill.

First, let’s talk Gary Vee who is launching his own NFT platform. Bankless’ David Hoffman said it could be one of the most mainstream efforts yet.

DavidHoffman.eth Ξ🦇🔊💰 @TrustlessState

I’ve gotten a sneak-peak of @garyvee‘s new NFT ecosystem ‘VeeFriends’

I think it could be one of the most mainstreaming uses of NFTs to date.

Gary Vee gets NFTs, and he’s applying them at the largest possible scale.

Come tune in to the debut of @veefriends on @BanklessHQ!

Bankless 🏴 @BanklessHQ

🚨 LIVE TODAY 🚨

@garyvee comes on Bankless to talk crypto, NFTs, and his new NFT Platform @veefriends.

1pm EST. Be there!

https://t.co/u7pdpjO2QD https://t.co/Zf2CAns9gI

May 5th 2021

3 Retweets13 Likes

Then there is the news out of NYDIG, who have to be in the lead for most institutional bitcoin partnerships announced in 2021. Today the news is that they’re partnering with bank software provider FIS to make Bitcoin buy, sell, and hold available for hundreds of millions of US bank accounts.

Documenting Bitcoin 🟩 @DocumentingBTC

300,000,000 U.S. bank accounts will soon be able to buy, sell and hodl #bitcoin thanks to NYDIG’s new partnership.

May 5th 2021

302 Retweets1,581 Likes

And then of course there’s Dogecoin which…well…just read the tweet.

Pomp 🌪 @APompliano

LMAO dogecoin eventually hit $0.69

We live in a simulation.

May 5th 2021

393 Retweets5,139 Likes

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Community Commentary

Great thread about one of the most confusingly named concepts in DeFi

Jon Wu @jonwu_

Do you yield farm / LP?

It’s sold as a passive strategy, but farming is the most nuanced, unintuitive, and poorly understood activity in Defi.

It’s more like putting on a short-term trade than buying fixed-income.

🧑‍🌾 Yet Another Guide to Yield Farming
Part 1: Impermanent Loss

May 5th 2021

372 Retweets1,400 Likes

The truth about joining a crypto company

Jon Syu @jonsyu

I’m seeing a lot of people FOMO quit their jobs to join “crypto”, probably out of some over-romanticized view of what goes on in these projects. Let me illuminate you about what actually happens:

👇

May 4th 2021

299 Retweets1,185 Likes

A Really Big Number We Should Be Paying Attention To

$1.2 BILLION

That’s what Novo’s Galaxy Digital spent to buy BitGo

Final Thought

A journey of 1000 miles..

Kyle Davies @kyled116

Founded 3AC in a 2br apartment with Su in 2012. Conference couch on the left, trading kitchen table on the right, MS Paint for the logo. Startup mentality for life.

May 4th 2021

269 Retweets3,244 Likes