📝 Web3 Field Notes #6: Merry Christmas

“The bird fights its way out of the egg. The egg is the world. Who would be born must first destroy a world.” – Hermann Hesse

📚 Readings:

• Global capitalism is trapped in its own Prisoner’s Dilemma. Link

• The “ownership economy” by Variant Fund. A must read to understand Web3. Link

• The Web3 opportunity: What’s next. Link

• Accenture Life Trends 2023. One year-end report I always read. Link

• Pantera Capital blockchain letter: the need for trustless systems. Nails down all the debates that are going on. Link

• What a16z is excited about in crypto. ZK-Proofs are on my list too. Link

• Vitalik Butterin on ZK-SNARKS: “As important as blockchains in the next 10 years”. Link

• Revisited: a16z state of crypto report 2022. Still on point. Link

• Why I’m less than infinitely hostile to crypto. A refreshing outside perspective. Link 

🚨 What caught my eyes: 

• Romowa’s (LVMH) and Nike’s RTFKT (Nike) NFT drop sold out in minutes and generated over CHF 2.8m in revenue. Link Tweet

• Gorillaz is back with a new single – titled 'Skinny Ape –  and an augment reality event in New York and London powered by Google's ARCore Geospatial API. Link

• Yuga Labs Names Daniel Alegre, COO of Activision Blizzard, as New CEO: gaming and Web3 comes closer. Link

• Right now, each bitcoin 'produced' by mining generates, on average, around $3000 in losses to miners.1 Take it with a grain of salt. That’s hypothetical, an “on average” is important here. Miners producing at a loss would usually stop producing, total hash rate will go down, difficulty decreases, costs of mining defreases, and the market regulates itself. The beauty of Bitcoin. Link

• Basel Committee on Banking Supervision releases report on prudential treatment of crypto assets, essentially capping exposure to mitigate risk. Link

• Fun bonus 💎 : 2022 – What a year. A video summary. Link

🚀 Interesting Web3 start-ups: 

• Februar: Seamless payments for your Web3 projects.

• Paragraph: Web3 powered newsletters.

• Spruce: Your keys, your data. Users can control their own identity with an Ethereum account.

• LandWorks: A platform for renting or lending virtual land NFTs. 

• POAP: “Proof-of-attendance-protocol”. The bookmarks of your life. 

💡Ideas & Take-Aways: 

What a year. Over the Christmas holidays I’ll take some time to properly reflect on 2022 and what’s in store for 2023. Stay tuned.

That’s all for now, folks. Back to building an learning! 🚀

Merry Christmas. 🎄✨

– Marc

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