Web3 enthusiast. Learn & share about all things web3: crypto, DeFi, NFTs.
Motivations in web3 in a downturn (Aug 2022)
Currently we’re in crypto winter (so to speak). However, it is these times that filter out the serious from the unserious in this space (web3). It is at these times that true builders, community members continue to work on. (and those on the periphery disappear - thanks to crypto prices - which is what motivates them in the first place) Historically, most of the serious work is done during downturns. As alluded in the a16z state of crypto report, summer (prices) drive interest which in turn d...
Motivations in web3 in a downturn (Aug 2022)
Currently we’re in crypto winter (so to speak). However, it is these times that filter out the serious from the unserious in this space (web3). It is at these times that true builders, community members continue to work on. (and those on the periphery disappear - thanks to crypto prices - which is what motivates them in the first place) Historically, most of the serious work is done during downturns. As alluded in the a16z state of crypto report, summer (prices) drive interest which in turn d...
NFT Transaction Process
So there’s this craze about NFTs lately (they really moon-rocketed in 2021 and continued to do so until 2nd quarter of 2022. Things have slowed down a bit recently due to global economy trends but my guess is it will come back and continue to grow in the long run*). Many have onboarded the NFT bandwagon. But surely, this is just a small % of onboarded users. Similar to internet, when in early 1990s users started onboarding the ‘Internet Bandwagon’, we’re in the early years of Web3 right now (...
NFT Transaction Process
So there’s this craze about NFTs lately (they really moon-rocketed in 2021 and continued to do so until 2nd quarter of 2022. Things have slowed down a bit recently due to global economy trends but my guess is it will come back and continue to grow in the long run*). Many have onboarded the NFT bandwagon. But surely, this is just a small % of onboarded users. Similar to internet, when in early 1990s users started onboarding the ‘Internet Bandwagon’, we’re in the early years of Web3 right now (...
POAP in NFTs (and web3)
POAP is a term very few have heard about in web3 / NFTs. It stands for ‘Proof of Attendance Protocol’. It basically a NFT to capture your attendance at an event (example: Twitter Spaces, Clubhouse, Zoom meeting, etc.) organized by a host (of a NFT project, a NFT leader, really any person in web3). Usually, during the event, secret code is provided by the host to the attendees. The attendees than can ‘mint’ the POAP using the secret code at website where the POAP mint is designed or a related ...
POAP in NFTs (and web3)
POAP is a term very few have heard about in web3 / NFTs. It stands for ‘Proof of Attendance Protocol’. It basically a NFT to capture your attendance at an event (example: Twitter Spaces, Clubhouse, Zoom meeting, etc.) organized by a host (of a NFT project, a NFT leader, really any person in web3). Usually, during the event, secret code is provided by the host to the attendees. The attendees than can ‘mint’ the POAP using the secret code at website where the POAP mint is designed or a related ...
