Web3 Dinner Club’s Post

🤬SUNDAY RANT: What I learned about Tokens & Crypto at a beer festival with Diego Borgo ᵍᵐ … 🤷🏽♂️ It’s no surprise that an evening at Beericeira with Diego led to inevitable chat about Web3 and Blockchain. But there is an important lesson about ‘mass adoption’ in here… 🪙 So the basically premise of the festival I s, you need to buy your own beer glass, and then buy pre-pay Euro ‘tokens’ so the vendors don’t have to offer and manage their own payment systems. Less queuing and admin. More drinking. 🥳 So naturally as soon as I had a fat bag of tokens, the Crypto banter began… “Wen moon?!” “I’m holding, never selling” “Did you get in on the pre-sale?” “Better get rid of those before we get rugged” “Billy to a billy” 💡And then the lightbulb moment: “Nah, bro, this is a stablecoin” 🤦🏽♂️And this is where the conditioning of the last 8 years in ‘Crypto’ presents the awkward truth… We’re conditioned to believe that ‘tokens’ are assets that should appreciate in value, are inherently unpredictable, and are shilled to a retail audience… 🧠 The fact about the Beericeira Stable Token is that its value is focused entirely on the MERCHANTS, and solving a payments and CX challenge. It’s a clear use case, with clear value, and zero requirement for speculation or any other crypto ‘nonsense’… 🧐 And here’s the challenge of Web3. We should be thinking in terms of apps and utilities to businesses or users. We need the infrastructure to enable them (which in turn requires shared economics and a token to enable decentralisation) but we should be communicating them in terms of relatable features and functionality. 🚫 The token is not the product… Cheers 🍻 🚀🌔 #blockchain #technology #management #innovation

In recent years, you have likely encountered a plethora of three-letter acronyms in Web3: -       ICOs -       IEOs -       DEXs -       NFTs -       BTC -       ETH -       ETFs… These terms may conjure headlines and stories of scams and rug-pulls, leaving many puzzled as to why both retail and institutional capital continue entering the space. In our latest report with Primal Capital, we look at how Web3 is transforming online user interactions. During its evolution, the internet experienced major shifts in how users accessed and interacted with information. Web1: Static One-way Information Sharing The early days of the web allowed users to explore websites as an information repository, marking a seismic shift from paper-based systems. However, most content at the time was limited and only generated by website owners. Web2: Centralised and Facilitated Interaction The dynamics of the internet shifted again when platform-based capabilities came about, allowing users to both consume and generate (and even monetise) content. This kicked off an explosion of content growth, albeit with control being in the hands of platform owners. Web3: Dynamic Self-directed Interaction This current phase of the internet redefines user-platform relationships. By enabling direct peer-to-peer interactions and governance among users, Web3 distributes control away from the platform operators and incorporates users into the decision-making process. In essence, rather than relying on a centralised party to interact with one another, users rely on the underlying distributed ledger technology (“DLT”) to help them facilitate their actions. The underlying blockchain network ensures data integrity and the traceability of transactions / exchanges, while the blockchain protocol automates transaction settlements based on pre-determined conditions, configuring rights and limitations directly on digital assets. What is the implication of such disintermediation of platform operators? A more efficient and transparent exchange arises among network participants, bringing new models of interaction between users on a financial and social level. By materially changing user behaviour, there is a much deeper growth story to Web3 that exists beyond cyclical hype to one that is now structural in nature. Download our report with Primal Capital to learn about the growth drivers of Web3: https://lnkd.in/gPT2UnK9 To discover how we can support your Web3 ambitions, email us at enquiries@quinlanandassociates.com and hello@primalcapital.io. David Wills Bartholomew Meyer Trent Barnes #Web3 #DLT #Blockchain

The Gateway 2024 Thank you to the incredible #TON community that met us at The Gateway! It was a pleasure connecting with so many of you and seeing the faces behind such amazing projects in the ecosystem. If you missed Tonkeeper’s talk on gasless payments presented by Oleg A the CEO of Ton Apps, here’s a quick recap: Our Wallet 5 product has been live for over six months, supporting 38 million monthly active users. One of its standout features is Mintless, which lets you mint tokens at a fraction of the usual cost. And with Battery, you can make transfers, swaps, and more with just one click—no crypto needed for fees! Together, Battery and gasless support have powered over 8 million transactions in just six months. We also introduced Tonkeeper Pro for advanced users and gave a big shoutout to the 4,000 developers using the TON API to build and grow the ecosystem. Our co-founder Oleg IIllarionov shared exciting news about webhooks in TON API. This feature, built for clients like MyTonWallet, Bitget Wallet, and OKX, gives developers real-time access to reliable blockchain data. With low-cost, low-latency infrastructure, Merkle proof checks, and lite nodes, webhooks make it easy to fetch data from as many endpoints as you need and never miss a single event on the blockchain. And here’s a sneak peek at what’s next! We’re gearing up to launch a toolkit that includes an NFT and Jetton minter, allowing for affordable mass airdrops with compressed NFTs and Jettons. Thanks again to everyone who stopped by our booth and joined us at Gateway. We loved meeting you all and can’t wait to see what we’ll create together in the TON ecosystem! You can also catch the live stream of this event on YouTube https://lnkd.in/gjSPEekZ

Hey guys. I often talk about a new electronic medium which folks call #web3. Yes, it is built on crypto as a Blockchain. The link below is like a little dirt road that will lead to a new sort of interstate data highway of unregulated commerce and communication. Notice that the URL is really strange looking. This is because Web3 doesn't have normal websites that can be owned and controlled like Web2 (the normal web). In this new world you can have unlimited identities that can control crypto money, tokens, or even stuff. This is profoundly censorship resistant. It costs about $0.00004 per transaction to write stuff to this Web3 forever wall. I know that this isn't a very pretty page-- sorry. The sheer number of new ideas crammed into this is staggering though. These ideas transcend the technical and become almost philosophical. No one controls what goes into this. You can only censor what you see of it. I sometimes say that this is "beyond morality" because no committee or group can enforce their controls on others in this new place. I talk about this stuff all the time on LinkedIn. I want to onramp people to this world full time as my job. This probably would be done best in person. I desperately need a promoter that would help me with scheduling, events, camera, whatever. Just like a promoter of any intellectual info-tainer, this person would take a cut. Money gets collected in various ways. This world never goes away. There is no company to go bankrupt, no CEO to blackmail, and very little place for middlemen to build a monopoly. I hope to soon be free on Fridays to Sundays to figure out my next step. If you are interested in being a part of this journey, send me a message. Cheers. https://lnkd.in/grZA5Ek4

Simple #DeFi adventure on Swellnetwork.io (a non-custodial staking protocol and liquid staking/restaking platform): - Liquid-staked some $ETH (ie Ether cryptocurrency on the #Ethereum network) to receive $swETH in early 2024. Straight away went to the liquid restaking platform Eigenlayer.xyz to restake ('deposit') these $swETH. I wanted to get some $EIGEN as a reward. - Meanwile, on Swellnetwork.io, I discovered that I can liquid-restake my $ETH directly to receive $rswETH. At that point I guessed this was going to get me some $EIGEN, too. - In summer or autumn I discovered that Swell had launched a L2 (ie layer 2 network) dedicated for restaking. So I deposited my $rswETH on this new network in order to get all kinds of additional coiins as rewards - mainly $SWELL, but also ecosystem tokens and bonus $EIGEN. - Now, EOY2024, I realised I should probably act and do something. So I checked Eigenlayer.xyz (with my restaked liquid staking tokens $swETH), only to find out that in spring I had forgotten to follow up - concretely, I should have delegated my liquid staking tokens $swETH to an operator. So no $EIGEN rewards! I am quite sure that I did follow up in spring, and that there was no delegation function. - Positive surprise: Swell rewarded me with $EIGEN through the Swell restaked ETH $rswETH - great! Not only that, I now am a proud owner of $SWELL. Actually, I would have been, but I claimed my $SWELL in order to get $rSWELL instead (directly restaked $SWELL). These I deposited into Swell L2 (the initially mentioned layer 2 network for restaking). - It's evening now, and I was pretty sure there was something left on my to-do list! Indeed, yes: Unstaking my $rswETH on Swellnetwork.io to get my initial $ETH (ie Ether crypto) back. Last but not least, unstaking my liquid-staking tokens $swETH on the restaking platform Eigenlayer.xyz, subsequently unstaking these on their generator platform Swellnetwork.io - also to get my initial $ETH back. Magic internet money activities in times of DeFi and DeSci. And, #Solana is the new #Ethereum killer! And, no, I don't do financial consulting or web3 support. You need to #DYOR! # #web3 #crypto #defi #staking #restaking #liquid #lst #lrt #ethereum #ether #eth #swell #swellnetwork #eigenlayer #rewards @ Swell Labs ; Blooniverse Cybernetics Ltd

Happy New month guys. it's a New month with a lot of positive energy so let's keep it real 🔥🔥🔥🔥🔥🔥 So Today we discuss about transparency between Agencies and Crypto projects in the Web3 community. Transparency in the Web3 community is crucial, especially between crypto agencies and crypto projects. In the decentralized world of blockchain, trust is often built on openness and clear communication. When crypto agencies and projects lack transparency, it can lead to mistrust, misinformation, and financial losses for investors and users. CHALLENGES WITH TRANSPARENCY: 1. Hidden Agendas: Agencies may not disclose their financial interests or partnerships, leading to conflicts of interest. 2. Lack of Clear Communication: Many projects fail to provide clear, detailed information on their operations, financial status, and decision-making processes. 3. Misleading Marketing: Some projects exaggerate their potential or hide risks, leading to misinformed investors. SOLUTIONS: 1. Open Audits: Regular, independent audits of financial statements and smart contracts can ensure that projects and agencies are operating as claimed. 2. On-chain Governance: Implementing decentralized governance models where decisions are made transparently on the blockchain can enhance trust. 3. Real-time Reporting: Agencies and projects should adopt real-time data reporting tools to keep all stakeholders informed about the status and progress of the project. 4. Community Involvement: Encouraging active community participation and feedback can help maintain transparency and hold projects accountable. By addressing these issues, I strongly believe that the Web3 community can foster greater trust and collaboration, leading to more sustainable and reliable crypto ecosystems. if you have your suggestions you can also share in the comment section and also repost Farhad F. Hemilly Rodrigues Chukwuemeka Gerald Ibeawuchi Mr Rhino. #web3 #partnership #linkedIn #innovation #blockchain #crypto #Dex

2018: I flew from Melbourne to San Francisco for the first Litecoin Summit. For six months my team and I researched and concepted a rebrand of Litecoin, then the 4th largest capped cryptocurrency. After being introduced to Charlie Lee by legendary David Schwartz & Andrew Yang, I tapped was ushered into a room and presented the work (pictured). "I like it" said Charlie, the creator of Litecoin. It was a big moment for me. Charlie went on to explain that a re-brand wasn't his decision. It was the Litecoin community's. Millions of strangers in every corner of the globe. It was humbling, to say the least. That's what makes a decentralized currency like Litecoin magic. There's no boss, no CEO, no board. Just a community of volunteers, contributors and developers. Now, six years on, the decision of what $LTC brand and logo individuals and businesses use is up to them. The blue logo we created is 'endorsed' by the Litecoin Foundation and used by (from what I can see) the majority of exchanges, wallets; even CoinMarketCap. It's a pretty cool feeling. As a Litecoin community member - and subsequent Creative Director of the Foundation - I've never missed a Litecoin Summit. And, so long as I can travel, I never will. Tomorrow I fly out from Melbourne to Nashville for #LitecoinSummit2024. I've got a new project to share. Friends to see and new ones to make. If you're heading to #Bitcoin2024, or are in #Nashville, come say hi! Otherwise keep an eye out on the Litecoin Foundation's YouTube - https://lnkd.in/gST7AhrP - for the livestream. Can't wait! https://lnkd.in/ghAtMxp9.

📢 Celebrating 1EX token listing on BingX: Hits All-Time High! Hey, 1ex Community! We're thrilled to share some news about the development of the 1EX token and our ecosystem. 😉 🔹 1EX is Live on the BingX! 🚀 We recently listed the #1EXtoken on the BingX, a centralized cryptocurrency #exchange. Thanks to your support, the token reached a 5 million trading volume. We're grateful to our holders, community, and partners for their support. Together with BingX, we held a trading competition with a prize pool of 40,000 1EX tokens. Thousands of traders worldwide participated; thank you for your contribution! 🔹 1EX token is now live on CoinMarketCap! 🔥 The world's well-known price-tracking platform for cryptoassets has listed the 1EX utility token. It's our next step toward providing transparency for our community. 🔹 1EX token has achieved ATH three times, demonstrating its potential. 📈 The token price reached the $0.33 mark, a significant milestone for our team. The token's potential remains strong despite market events and the correction due to halving. We are confident that 1EX will continue to show impressive price growth, bringing more opportunities for you. 🔹 AI News Release: AI-powered Trading ecosystem ⭐️ Our team launched the #AINews analytical service. AI News offers a news feed and sentiment analysis to help you stay ahead of market trends using machine learning technologies. Over 300 traders joined the service on the launch day, and the user base is constantly growing. Once again, we would like to thank our community and partners for helping in the 1EX project development. Soon, we plan to list 1EX on another Tier-1 exchange. Stay with us: there are many more important events ahead! 🥁