gm Explorers,
Feels like the last real update was from the beginning of the year. Sure we can count the last article back in February of this year as one, but those were news updates and market trends. My goal with this publication is to share a raw insight past what’s in flavour when it comes to NFTs and DeFi. The truth is even if I’ve been in crypto since 2017 and active at the start of 2021 I am still learning. Especially at the speed of information coming from everywhere. I mean look back to last year during peak bull market jpegs that sold for over six figures are struggling to find a new liquidity of buyers at half the price.
It feels like an accumulation zone here, granted my investment thesis is still to dollar cost average into ETH and BTC, but this particular time frame from now until 10 months I plan to invest more in not just the digital gold or digital oil, but my time in learning new protocols and teams building in this ecosystem. And I’ll share exactly why and you can make your own informed decision at the end of this.
Different governments around the world are taking advantage of blockchain technology. Last week I was fortunate enough to take a two day trip to Tokyo Japan for Web X which is one of the largest web3 conferences planned and managed by CoinPost. Speakers ranged from Fumio Kishida, Japan's Prime Minister to Uniswap’s founder Hayden Adams. It wasn’t the stage where speakers presented that impressed me, but rather the main lobby floor with stand out booths from KPMG to Deloitte, basically two of The Big Four largest global accounting networks as measured by revenue being present at such an event.
Let’s also take into account the Ripple vs SEC summary as Judge Torres' Order signals a landmark victory for the cryptocurrency industry, as it demonstrates that cryptocurrencies themselves are not securities. There is also a bipartisan bill that was passed by the House Financial Services Committee that would provide regulatory clarity for the cryptocurrency industry. While we are nowhere near clear shores these current wins are a deserved celebration after last year’s implosion from Luna to FTX.
So yes even if we are still in the midst of a bear market, my much needed hiatus has come to an end. Time to get back to looking on-chain for trading opportunities as well as continuing to stack digital gold and oil. After last year’s bull and current bear market I’ve noted my own after-action brief which I’ll publish next week. For now stay true to the course.
Thanks for reading! We hope you enjoyed this edition of the newsletter and that you'll join us again next time. Until then, stay legendary and stay engaged with the latest Web3 news and insights.
-MDNFT