Garlam’s Weekly Crypto Digest | Week of May 22nd

Greetings! Thanks for joining me in this new blog post.

I hope your week has been enjoyable.

In this article, I have compiled some of the best content from my trio of publications: The Crypto Illuminati, M6 Labs, and Renoded.

To stay updated on current trends and acquire valuable insights directly in your inbox, don't hesitate to subscribe to any or all of our publications with a simple click: M6 Labs ?|?The Crypto Illuminati ?|?Renoded

Grab your coffee, and let's dive in without any delay!

Research Reports by?M6 Labs ?(1/3)

Stories on NFTs in DeFi & Bitcoin's 2023 Outperformance

???? Blurring the Line Between NFTs and DeFi

The article explores the intersection of NFTs and DeFi, with the emergence of NFT loans. The article highlights the potential of NFTs to provide new sources of income for artists and creators. ????

Key takeaways:

1. NFTs are unique digital assets that can represent anything from digital art to tweets and memes.

2. They have various applications, including digital art, gaming, music, and collectibles.

3.?NFT loans are emerging as a way to bring together the NFT and DeFi worlds, providing new opportunities for investors and creators.

4. Blur, an NFT marketplace, has announced the launch of Blend, a peer-to-peer perpetual lending protocol based on NFT assets.

5. Blend, or "Blur Lending," allows NFT collectors to take out loans against their existing assets while allowing liquidity providers to earn interest by lending out ETH with the NFT as collateral.

Keep reading?here ???

?????Bitcoin vs. The Market

Bitcoin and other cryptocurrencies have been performing well in 2023 despite regulatory crackdowns, banking collapses, and persistent inflation. This article dives into the story of BTC’s outperformance so far ????

Key takeaways:

1. Bitcoin has outperformed other investment products by more than 70% in the first quarter of 2023, making it the best quarter for Bitcoin since the first quarter of 2021.

2.?The cryptocurrency sector profited from the banking sector's chaos, as investors saw the asset as an alternative to centralized monetary systems.

3. The poor macroeconomic environment, the Terra crisis, and the FTX collapse impacted Bitcoin's performance in the fourth quarter of 2022.

4. Despite current concerns about Bitcoin price strength, April (and May, until now) avoided being named the worst month of 2023.

5. Bhutan has quietly devised a new use for its hydroelectricity reserves in recent years: powering its Bitcoin mine.

Keep reading?here ??

Articles & Threads by?Renoded ?(2/3)

Stories on Metaverse Risks, Top 10 DeFi Keywords & Web3 Events

???Metaverse = Dot Com Boom, But Bigger

The article discusses the potential risks and concerns surrounding the Metaverse, comparing it to the dot-com bubble. It highlights the importance of companies being transparent about their plans, having a sustainable business model, and avoiding malinvestment to prevent a market crash.

Key takeaways:

1. The Metaverse has the potential to be transformative, but there are concerns about it following the trajectory of the dot-com bubble.

2. Companies must approach the Metaverse cautiously, be transparent about their plans, and have a sustainable and profitable business model to avoid a market crash.

3. The Metaverse industry will likely experience a course correction and pass through an inflection point, leading to the rise of resilient and passionate companies.

Counter arguments:

1. Some argue that the hype surrounding the Metaverse is justified and that it will not follow the trajectory of the dot-com bubble.

2. Others believe that the Metaverse is a natural evolution of technology and that concerns about a market crash are overblown.

Keep reading?here ????

?? Decoding DeFi: Top 10 Keywords Explained

The article provides an overview of 10 essential keywords in the DeFi space, including CEX, DEX, liquidity, DYOR, APR, relay bridge, leverage, cold wallet, hot wallet, TVL, yield farming, and oracle.

Key takeaways:

1. CEX and DEX are the two main types of cryptocurrency exchanges.

2. Liquidity measures the number of tokens in circulation and their trading activity on exchanges.

3. DYOR is a fundamental principle in Web3 that encourages individuals to conduct thorough research before investing or participating in the cryptocurrency space.

Keep reading?here ???

???Using Web3 Events To Grow Your Startup

The article discusses the benefits of attending Web3 events for businesses, including building networks, showcasing products and services, learning from industry leaders, staying ahead of the curve, and raising brand profile. It also provides a list of upcoming Web3 events.

Key takeaways:

1. Attending Web3 events can help businesses build their network and create valuable connections with industry professionals, investors, and potential clients.

2. Exhibiting at Web3 events is an excellent way to showcase products and services to a targeted audience and generate leads.

3. Attending Web3 events provides a unique opportunity to learn from industry leaders and stay ahead of the curve in the rapidly evolving Web3 industry.

Counter arguments:

1. Some businesses may argue that attending Web3 events is costly and time-consuming and may not provide a significant return on investment.

2. Others may argue that networking and showcasing products and services can also be done effectively through online channels, such as social media and online communities.

Keep reading?here ???

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

Stories on ZKP Tech, Real Yield & 12 Must-Follow Crypto Twitter Accounts

?????The Year Is 2030 & We ALL Use ZKPs

The article discusses the potential for widespread adoption of zero-knowledge proofs (ZKPs) in the future and provides an overview of ZKP technology, its pros and cons, and advancements in the field.

Key takeaways:

1.?ZKP technology enables one party to prove the validity of a fact without disclosing additional knowledge.

2. ZK altcoins are experiencing a boom due to ZKP technology.

3. The article touches on updates in the field including Polygon zkEVM, ScrollZKP and Chemical Tokenomics and possible airdrops.

Continue reading?here ??

????Sustainable DeFi: Real Yield Projects

The article discusses the emergence of "Real Yield" projects in DeFi, explores several successful protocols within this narrative and discusses the potential downsides and benefits of this approach.

Key takeaways:

1.?Real Yield projects pay token holders from a project's revenue earnings, making it a more sustainable approach than relying on inflationary token mechanics.

2. Successful Real Yield protocols include GMX, Synthetix, Dopex, and Redacted Cartel.

Counter arguments:

1.?The potential downsides of the Real Yield model include the need for profitability and finding the right balance between revenue distribution and research and development.

2. Some projects may initially resort to using inflationary tactics to attract users and then shift to the Real Yield model, which may not work for new projects.

3. If projects distribute large percentages or 100% of their revenue, they may have little to no money left for research and development, which could leave protocols stagnant and without funding to grow and improve.

Continue reading?here ???

???The Crypto Twitter Alpha Bible

The article provides a list of 12 must-follow Twitter accounts for anyone interested in staying up to date with the latest trends and insights in the world of cryptocurrency.

Key takeaways:

1.?The 12 Twitter accounts listed in the article cover a wide range of topics related to cryptocurrency, including DeFi, NFTs, altcoins, and trading strategies.

2.?Following these accounts can provide valuable insights and help individuals stay ahead of the curve in the dynamic and fast-paced world of cryptocurrency.

3. It is important to follow each account to gain a well-rounded understanding of the industry.

Continue reading?here ???

And that’s a wrap…don't miss out on next week's exclusive content! Subscribe now and have the latest crypto news and research delivered to your inbox:?M6 Labs ?|?The Crypto Illuminati ?|?Renoded

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