Garlam’s Weekly Crypto Digest | Week of March 13th

Hello and welcome to my latest blog post! I trust you had a wonderful week.

I've compiled the best content from my three publications - The Crypto Illuminati, M6 Labs, and Renoded.

If you want to stay updated on the latest trends and receive valuable insights delivered straight to your inbox, you can easily subscribe to any or all of our publications with just one click: M6 Labs | The Crypto Illuminati | Renoded

So without any delay, let's dive right in!

Research Reports & OpEds by M6 Labs (1/4)

Stories on Near, Algorand, MultiversX and Token Launches

1️⃣ Deep Dive Into NEAR

From Nightshade to Doomslug: The Inner Workings of NEAR Protocol

Have you heard of NEAR Protocol? Check out what it has to offer in a nutshell:

• NEAR Protocol supports DeFi, NFTs, and DAOs, all your favorite blockchain goodies are included
• A couple of super smart engineers founded it back in 2018, and now there's a whole team of wizards working on it
• Their Doomslug consensus mechanism and Nightshade sharding framework mean NEAR can handle up to 100k transactions per second, and with low fees too
• Their ecosystem has hundreds of projects and DAOs, like Flux Protocol and Mintbase, so you can find something that's right for you

Keep reading here 🍿

2️⃣ Deep Dive Into Algorand

Algorand: The Blockchain Superhero That Solves the Trilemma

Algorand is a super innovative blockchain platform with a mission to solve the Blockchain Trilemma. Here's what you need to know about it:

• It's totally permissionless, and ALGO is their own native currency
• They use a unique consensus algorithm to make transactions fast, secure, and scalable
• It is used by reputed companies such as Archax, Tether, VeriTX, Circle, and Republic
• There are even some cool dApps on Algorand and partnerships with places like T-Hub and Jawaharlal Nehru Technological University in India

Keep reading here 🍿

3️⃣ A Deep Dive Into MultiversX

From Elrond to MultiversX: A Game-Changer in Decentralized Ecosystems

MultiversX is a blockchain technology that's fast, scalable, and perfect for DeFi apps and beyond. Key takeaways -

• MultiversX can process up to 30,000 transactions per second at a cost of $0.001 each, with near-instant completion.
• It employs a proprietary Adaptive State Sharding technology and PoS consensus mechanism to make it both secure and linearly scalable.
• The official launch of its mainnet was on July 30th, 2020, after 2.5 years of development and funding from over $5 million in investors.
• MultiversX rebranded from Elrond in November 2022 and expanded its scale and scope to include the transformative metaverse market as well.

Keep reading here 🍿

4️⃣ The Ugly Truth About Tokens: Why Most Projects Shouldn't Launch Them

Unpopular Opinion: Mental Models for Crypto Investing

• Most tokens launched by crypto projects are useless, pointless, and even harmful, serving only as a tool for greed, hype, and speculation.
• Projects should focus on real problems, real solutions, and real value to build a sustainable crypto world.
• Launching a token is not necessary for a project with a real product, market, or revenue, and can often be a cash grab.
• The current system of decentralized governance often leads to whale games, where a few individuals or entities can amass disproportionate voting and governance power, ruining the initial ethos of decentralization.

Keep reading here 🍿

Articles & Threads by Renoded (2/4)

Stories on Web3 Game Creation, Blockchain Bridges, Dynamic NFTs and Web2 -> Web3 Evolution

1️⃣ Creating a Web3 Game is Easier Than Ever Before

Renoded's Web3 Watch Newsletter - Week of March 13th

The newsletter’s cover story discusses how Web3 game creation is becoming easier than ever before, and how developers can take advantage of blockchain technology to monetize their games. Key takeaways -

1. Web3 platforms and networks are decentralized, which makes game development and distribution more accessible.

2. Blockchain technology allows developers to monetize their games more securely and efficiently.

3. There are a variety of tools available to make Web3 game creation easier.

Read this story & more, in the Web3 Watch newsletter 🍿

2️⃣ Blockchain Bridges: The Key to DeFi's Future

This article explores the role of blockchain bridges in DeFi and how they can be used to increase liquidity and create a network of services that interact across different blockchains. Key takeaways -

1. Bridges are used to connect two blockchains and allow users to send assets from one chain to the other.

2. DeFi will benefit from increased liquidity and the ability to build a network of services that interact across communities.

3. Bridges can be either centralized or trustless, with the latter relying on smart contracts to guarantee transactions.

Continue reading here🍿

3️⃣ NFTs on Steroids: A Deep Dive into Dynamic NFTs

This article provides an in-depth look into dynamic NFTs, which are the next generation of conventional NFTs. Key takeaways -

1. There are two main types of NFTs: Static NFTs and Dynamic NFTs.

2. Chainlink provides off-chain data and computation services that can be used as inputs to trigger dNFT updates.

3. Dynamic NFTs offer greater flexibility for real-world NFT usage and provide businesses with meaningful insights and analytics.

Continue reading here🍿

4️⃣ Web 3.0: The Internet's Midlife Crisis

This article discusses the evolution of the internet from Web 2 to Web 3. Key takeaways -

1. Web 3 markets could reach almost $81.5 billion by 2030.

2. Top tech companies such as Meta, Apple, and Amazon are investing in Web 3.

3. Traditional brands are more interested in dipping their toes into web3 via NFTs than in more complex web3 implementations.

Continue reading here🍿

Posts & Threads by The Crypto Illuminati (3/4)

1️⃣ Data-Driven NFT Trading Secrets Unveiled

This article provides a comprehensive list of free resources to help traders get an edge in the NFT market.

Key takeaways:

1. Use data-driven dashboards to get an overview of the NFT market.

2. Track influencer transactions to identify potential alpha.

3. Analyze crypto communities to evaluate projects.

Keep reading here🍿

2️⃣ Uniswap Waits: Is Apple's Green Light Coming?

This article discusses the anticipation of Uniswap's mobile wallet release and the delay in approval from Apple.

Key takeaways:

1. The launch date for Uniswap mobile wallet is yet to be announced as Apple delays.

2. The good news is that thousands of TestFlight users already have early access to the mobile app. This bodes well for the launch of the Uniswap mobile wallet.

3. It should be noted that the mobile App TestFlight is only open to 10,000 users.

4. People express disappointment with the Uniswap super app.

Keep reading here🍿

3️⃣ Arbitrum Drops the Airdrop Bomb : All You Need to Know

This article provides an overview of the upcoming Arbitrum airdrop of 1.162 billion $ARB tokens to users of the protocol on March 23rd.

Key takeaways:

1. Holders and DAOs will receive 11% and 1% of the allocation respectively.

2. Offchain Labs investors and employees will receive 44% of the allocation.

3. However, Offchain Labs investors and employees must go through lock-up periods and vesting schedules before cashing out their ARB allocation.

4. ARB holders will have the power to vote on key decisions for Arbitrum One and Arbitrum Nova.

5. Scammers and phishing attempts may be present during the airdrop (so be careful)

Keep reading here🍿

4️⃣ The Illuminati Fundraising Insider

This post highlights recent funding rounds and key takeaways in the crypto industry.

Key takeaways:

1. Scroll raised $50m in a new funding round with investors including Polychain Capital, Sequoia China, and IOSG Ventures.

2. Tonstarter raised $1.5m in a seed funding round with investors such as DWF Labs, Gate.io, and Kingsway Capital.

3. Tensor raised $3m in a seed funding round led by Placeholder with participation from Solana Ventures and Alliance DAO.

4. Kresus raised $25m in a series A funding round led by Liberty City Ventures with co-investment from Franklin Templeton and JetBlue Ventures.

Keep reading here🍿

The M6 Labs Daily Bullets Newsletter (4/4)

1️⃣ Daily Bullets, Monday | Link to newsletter

⏳🤯 Chaos, Collapse and Confusion Timeline

👨👮 The Feds to the Rescue

🏦💣 Signature Bank Next Domino

2️⃣ Daily Bullets, Tuesday | Link to newsletter

🖼 🤡 Meta NFTs Fail Already - Muh Adoption!

🏦🤝 Few Remaining Crypto Friendly Banks

🕵️📱 The US Keeps Probing Crypto

3️⃣ Daily Bullets, Wednesday | Link to newsletter

👮🕵️ More Insider Trading: SVB Edition 

🖼📈 NFT Powerhouses Bullish on Amazon NFTs

🎮👾 Epic Games Crypto Gaming Spray N’ Pray

4️⃣ Daily Bullets, Thursday | Link to newsletter

💲👨Gensler Calls our PoS Coins Securities, Again

💰🧺 Money Laundering & Bitcoin Mixers

⛓🖥 Uniswap Altcoin Trading Now on BNB Chain Network

5️⃣ M6 Labs Weekly Alpha Leak, Friday | Link to newsletter

• In the past week: USDC depeg
• Silvergate, Silicon & Signature Bank fail
• Euler Finance exploit
• Fed $25B rescue 
• A crazy rally?
• Arb airdrop March 23

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