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The Best Onchain Experience 🤯

The Best Onchain Experience 🤯

🎣 w3.catch-of-the-week cw26

Vicktoria Klich & Quinn Wilhelm
June 28, 2024

GMGM and welcome to 🎣w3.catch-of-the-week, the newsletter that tells you how Web3 is creeping into our everyday lives.

On Wednesday I woke up like this:

Solana launched a very promising use case. You'll find out what it's all about in a moment.

Breaking News while we are writing this newsletter: VanEck Files for Spot Solana ETF 👀

I've also brought you some hot insights on RWAs (✨ Real World Assets✨) and a playbook for your personal moonshot. LFG! 🚀

🔥 Solana takes over the Internet
😎 Central Bank is testing Blockchain for Payments
💸 Next Generation of Crowdinvesting
💡 We did an online Conference
🤓 How to create your own 100x
🍻 Earn “Beer-Yield”

Solana Everywhere - What are Blinks?

Solana has introduced blinks and actions that promise to bring 1 billion normies onchain (finally :D). It is about different kind of onchain activities.

These are made possible by including a simple link or a button in a tweet.

No more complicated dapps or interfaces, just familiar platforms. The link is not a normal url, but a blockchain link (hence Blink 🤓).

You can use this url not only on Twitter, but on all apps and websites.

This enables a number of use cases:

Simplified donation appeals
Voting on governance in a chatroom
Minting an NFT via social media
Or use it for payments

But let's take a step back, why is that so cool? 😎

Onchain activities as we know them previously took place on other platforms or in unfamiliar interfaces. This represented a significant hurdle for new users.

With Blinks, users can now carry out transactions and other activities on platforms they are familiar with.

These blockchain links can be transformed and distributed not only as a link, but also as a QR code or push-up message.

And what do the haters say? 😡

They are afraid for their safety. Since scams are commonplace in Web3, this concern seems justified. Because it makes it even easier to click on links without thinking about it.

The answer to that: “blinks are similar to ‘connecting’ your wallet to dApps - trust the sites you know and use, just as you trust the dApps you know and use.”

Therefore, as always:

If you are a dev, then dive deeper here.

Now it's your turn: have you had any experience with Blinks? Let's discuss it in our Telegram group!

The European Central Bank is testing Blockchain-Based Financial Transactions

The Stuttgart Börse Group was selected as one of the operators of the ECB tests. The aim is to test blockchain-based payments against central bank money.

They are testing the settlement of transactions with tokenized securities directly between traders on the blockchain.

This will be done within minutes, without a central securities depository and with euros. The advantages of this new process are:

👉 High efficiency

👉 Peer-to-peer settlement

👉 Fewer intermediaries

👉 Lower counterparty risks

While we eagerly await the results, let's dive into some fresh statistics about RWAs 🤿.

On June 20, McKinsey published a report on the subject in which it states: “Tokenized financial assets are moving from pilot to at-scale deployment”

The number of holders of RWAs (on Ethereum) is rising sharply:

I came across a comprehensive tool to monitor leading platforms in asset-backed financing. Here you can see that more and more volume is flowing into RWA lending.

Market potential for tokenized assets could reach around USD 2 trillion by 2030, possibly even up to USD 4 trillion 👀.

Recap Web3 Investment Conference

Two and a half hours of a packed program, concise and insightful talks, hundreds of sign-ups, and quirky icebreakers. It is hard to keep up the attention, especially online, but we managed to do so.

Why did we decide to start the online conference?

We have so many bright minds in our network and the easiest way to bring them all together is online. It also saves travel costs and time.

As a content-driven VC, it is important for us to provide the right environments where people can get to know each other and exchange knowledge. To collectively strengthen the growth of Web3 in all industries.

It was engaging, fun and insightful. We would like to thank our great speakers and everyone who attended! 🫶

We already contacted the winners!

We integrated trivia games, Web3 hacks and made sure, that we can reward the ones who were the most engaging. Congrats to:

We will upload the recording over the weekend on our YouTube Channel.

The New Way of Startup Funding

The crypto startup around the mobile wallet Bitwala has announced its crowdfunding. They are saving on financing rounds and opening up the opportunity to invest to everyone.

This is because the shares are issued in Ethereum as ERC20 tokens: One token = one share in Bitwala GmbH

The investment limit for a single person is €25,000. After the sale, the tokens can be imported into the MetaMask and the Bitwala Wallet (soon).

The startup would like to use the proceeds from the financing to further scale its business. New functions for its users are also planned.

You might think: GmbH shares in the form of ERC20 tokens, hasn't Vicky talked about this before? 🤔

Absolutely right! Tokenize.it is responsible for the technical implementation of this sale of shares. If you want to understand how it actually works, listen to this podcast.

Moonshot - How to create a Token in a Minute

Memecoins are on everyone's lips. Lately, the pump.fun platform has benefited massively from this. To call a spade a spade, over 40$ million in revenue.

The new competition: What is Moonshot?

Moonshot is kind of a copy of Pump.fun with a slightly different UX. In other words, it is a platform for creating (meme-) tokens.

Here are the instructions:

connect wallet
define name, symbol and image
mint your own token for about 0.02 Sol
link socials (optionally)

Assuming the token reaches a market capitalization of 500 SOL (about $68,000), the tokens and liquidity will be migrated to the decentralized exchange Raydium, while 150 to 200 million tokens will be burned.

How to earn “Beer-Yield”

The Euros are in full swing. Last week I showed you how you can bet on them via Polymarket. Today, I have another cool story for you. Can you guess what it’s about?

Here's a little hint:

No, it's not about a beer pong tournament,s but about our friends from Metabrew. Because the first brewery in Web3 has a surprise box for you: ✨The Magic Beer Box✨

It is now available for 15€. You can pay with $ETH (on BASE) or credit card.

By holding the NFT you are entitled to receive 20 cans of beer.

But wait: the longer you wait to trade in, the more beer you get - one can more every quarter until you have 60 cans after 10 years (the maximum term period) - a 20% “ yield” in beer! 🍻

Joined one of the most important E-Commerce Conferences as a Speaker. Thanks, K5!

🪂 $Blast Airdrop has landed

👀 Ethereum ETF Launch next week?

🤓 Worldcoin Competitor is live

While we patiently wait for the NFT bull market:
Looking at the performance in ETH terms so far in 2024, the trend for the major collections is downward.
The only exception is Milady, which kinda acts as an inverse ETH NFT ETF.
Mocaverse is also pretty stable ahead of the… x.com/i/web/status/1…
— wale.moca 🐳 (@waleswoosh)
11:00 AM • Jun 25, 2024

Game Jam Hackathon Berlin

Solana Speedrun is a recurring Game Jam Hackathon on Solana, where developers are competing in a limited time frame to create a game from scratch based on a given theme.