I'll say it ONE MORE TIME, Get a Cold Wallet. (and other crypto sh*t you need to hear).
The Pulp Fiction Issue
Let me take you back to the year 1994. MTV is playing on a boxy television that sits teetering over the edge of your dresser. You look for your favorite shirt to throw over a tank top. It’s all about layers. Layer everything.
Layer every, damn, thing.
The leaves outside have all turned burnt orange and your neighbors have started decorating for Halloween. The day is October 14th and Pulp Fiction has just been released to the public.
Nobody knows what is about to happen. The dingey, we smoke in the kitchen aesthetic, combined with the one-punch memorable lines makes Quentin Tarantino’s vision an instant classic.
The right music at the right time. The vulgar ruthless peeks at a drug-fuelled underbelly. The relationship formed between the viewer and two sarcastic hitmen, both sharing their own truth… they too are human.
GOD! I would have done anything to be there in theaters for the first time.
Now, what if, a young Quentin Tarantino with all of his grit, was able to use a technology that allowed his fans and most dedicated supporters to also benefit from the release of Pulp Fiction? What if you could have owned a piece of movie history?
That’s basically my sales pitch on why NFTs are cool as f*ck. Thank you for coming to my Ted Talk. I would like to have my taste of a “royale with cheese.”
THE NEWS & THE COMMENTARY
All right - this week in the crypto sea has been as choppy as a two-seater boat on full blast. I personally applied for a few NFT writing gigs and was told I did not have enough NFT experience.
My man - I’ve been here since 2018. I’ve watched the rise and fall of empires in a cyberspace wasteland. I can assure you, my digital collectible taste is motherf*cking delectable.
Who cares - this newsletter isn’t about me. It’s about you. And the news that affects your life in the crypto whale’s belly.
Meta (formerly Facebook) released NFTs across Instagram to 100 countries. (I guess we are calling them digital collectibles now). For all of the noobs, they are the same thing.
This is actually pretty big news and a really cool step toward mass adoption. This means we are going to start seeing more creators using “digital collectibles” to create awesome projects.
Hopefully, some kid just blows out of the woodwork and becomes the next Quentin Tarantino and we all get an NFT.
Blackrock is Back, Alright?
Blackrock teamed up with Coinbase. Honestly, a pretty big win for Coinbase despite the trillion-dollar loss reported from Blackrock last month. They aim to make it easier for institutional investors to do what they do best, invest.
Solana is Hacked
Listen. I’ve said it in every damn newsletter and I’ll keep saying it. GET A COLD WALLET.
If your crypto wallet is on your phone, or on your computer, or god forbid you keep it on an exchange… it isn’t actually yours. You don’t own it. They do. They have the right to withhold it, stop you from moving it, and it can get hacked.
A cold wallet is like a USB it isn’t connected to the internet. You plug it into your device when you want to access your crypto and then unplug it when you’re done. If you don’t have one yet, get one.
Solana hackers stole $8 million from hot wallets. Read that again and then make sure your crypto is secure.
Robinhood Fined $30 Million
Yea, you read that right. They paid the price for allegedly violating anti-money laundering regulations (and some cybersecurity ones too.) Robinhood also had to lay off 25% of its employees. Reasons for the layoffs were as follows:
1. The macro environment is challenging
2. Crypto crashed in June
3. High inflation
ANOTHER WILD WEEK
Don’t take this newsletter the wrong way. There’s a TON of really cool stuff happening in the crypto sea. This beast of a whale is just getting started. Unstoppable domains receiving a $1 billion valuation is proof enough, the ship has set sail - the voyage has begun.
We are in the midst of a web3 revolution.
ALSO: how cool was it that last week’s issue mentioned Starbucks… and then this week they announce an NFT project?! Damn. Keep me on your radar folks.
Stay safe. Not your keys, not your crypto.
Your friend in web3,