Happy Wednesday, Blockfolians
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.
I’ve gotten a sneak-peak of‘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 ofon !
Bankless 🏴 @BanklessHQ
🚨 LIVE TODAY 🚨
@garyvee comes on Bankless to talk crypto, NFTs, and his new NFT Platform @veefriends.
1pm EST. Be there!
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.
300,000,000 U.S. bank accounts will soon be able to buy, sell and hodlthanks to NYDIG’s new partnership.
And then of course there’s Dogecoin which…well…just read the tweet.
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Highly Relevant Reading
$7.6M for this new NFT social network
$15M more for Coin Metrics (led by Goldman Sachs)
Grayscale follows FTX/Blockfolio into sports sponsorship market 😉
One Forbes bidder is reimagining it crypto-powered
Great thread about one of the most confusingly named concepts in DeFi
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
The truth about joining a crypto company
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:
A Really Big Number We Should Be Paying Attention To
That’s what Novo’s Galaxy Digital spent to buy BitGo
A journey of 1000 miles..