Some guides and explainers deserve to be archived. The world of crypto is spreading and evolving at ultra rapid space, many are left behind without any basic understanding of the trends. Below is a good starting point.
Exploring NFTs
NFTs (Non Fungible Tokens) are being massively adopted this year in 2021. While not surprising for us earlier adopters, grasping the potential impact of those unique tokens in various industries is not a bad idea.
Creative content industry is to be reborn via greatly improved value flows mechanisms. Gaming will have player’s assets ownership/integrity at its core. The infrastructure specialized for NFTs will take time to mature, just like their underlying blockchains. But NFTs are in business now.
A beginner’s guide to NFTs, by Linda Xie
Reading Resources, by a16z
Exploring DAOs
DAOs (Decentralized Autonomous Organizations) are not yet widely recognized other than within the crypto space itself. But I believe the DAO trend is coming very soon. Get ahead of the trend this time.
What is a DAO? Easy definitions on Coinmarketcap or Aragon
[FR] A french explainer of DAOs, by P.H / Ethereum-France
[Advanced] DAOs incentives, Aragon Blog
Ethereum Social Wallets
Same as with Bitcoin, security of your Ethereum holdings is of great importance especially if you are going to also hold ERC20 tokens (most of the top 500 tokens out there) or NFTs.
At the same time, writing down those 12 or 24 words somewhere safe is no easy execution, while it is strongly recommended to keep any crypto off exchange. That is where social recovery wallets come in. No words or private key to backup - simply use your smartphone and some trusted family/friends to make it work, while still having full ownership of the assets.
Adoption of social recovery wallets, by Vitalik Buterin
Note: this is a great explainer of what multi-sig smart contracts wallets are, where they stand and all the nuances in between including social recovery wallets. Challenges are described as well as potential solutions in the future.
Recommended Multi-Sig/Social Wallets
Gnosis Wallet
How to set Gnosis Safe spending limits
Argent
Disclaimer: No Investment Advice. The information provided on this newsletter does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the newsletter content as such. Readers shall conduct their own due diligence and consult their financial advisor before making any investment decisions.