The past week in Web3: A particular report has declared a few Blockchains as good as dead, Stripe takes the off-ramp game to a new level, some Alphas for free $$$
Welcome to the 1st edition of the GARI Web3 Weekly! The masterpiece to catch up on everything blazing in the Web3 space and some juicy airdrop guide to get your portfolio smiling.
Blockchains are DEAD ☠️
Forbes Crypto has been on a tear with their recent report pn ‘Zombie Chains‘, now before you think this is the newest memecoin on Solana, please keep reading…
The above report clearly outlines why the mentioned blockchains have no utility.
The report takes into consideration variable metrics, the most important being :
- Market Cap
- Monthly Active Developers
- Total Value Locked (TVL)
All of the above blockchains have witnessed at least one full bull cycle and yet have to prove the utility they bring to the table.
Sitting at comfy $1 Billion+ valuations across the board, hardly have any developers building dApps nor do they have a Product Market Fit (PMF) even in 2024.
It will be interesting to see how these projects perform in the present timeline post the Bitcoin Halving.
To the Moon or the Dust???
Lets Go Stripe 🚀
Stripe, one of the largest players in the FinTech world has made very positive moves for Crypto.
In a previous bearish move, Stripe had stopped their love for crypto citing reasons for the rising costs of the Bitcoin blockchain.
They are now back in the game with a huge focus on bridging the gap between merchants and crypto payments.
Let’s break it down FAST:
- Stripe will now allow merchants to accept payments in USDC on Solana, Polygon & Ethereum.
- Simple off-ramp for merchants with USDC which has no price volatility as compared to an asset like Bitcoin
- Crypto stays with Stripe; Stripe pays out in Fiat
The entire process is as simple as crypto can get for retail. This is the ultimate bridge for millions of users and brings in higher user inclusion.
Merchants do not need to care about how the USDC is getting converted, taxation id, wallet address or the blockchain being used…
The end-to-end infra here is being handled by Stripe and will be a game-changer in terms of retail user adoption in coming times.
Bullish Vibes Only!
ETH ETF & Courtroom Drama 🧑🏻⚖️
First a GIF for all our ETH Bros 👇🏻
Okay, so ETH isn’t pumping and that is sad, but there is more to things than just GREEN CANDLES on the chart 📈
Speculations are raging faster than a forest fire about an ETH ETF getting approved.
Crypto bros are rooting for it because if Bitcoin can have its own ETF, then it makes sense for ETH to have its own kingdom right? RIGHT?
Not if the SEC goes mental again.
The US Securities and Exchange Commission (SEC) is like the most toxic dating app match you can wish for. Their stance is never clear on certain things, sometimes their decisions are cloudy like the London sky and when it comes to crypto?
Ohh boy, complete American Psycho there
The SEC wants to stick to their stance of ETH being a security. This is super problematic as this will hurt Ethereum in more ways than one.
We have previously witnessed the same with XRP and how crypto exchanges delisted the token without batting an eyelid.
This is now a waiting game in every way because of the following reasons:
- No clarity on the ETH ETF proposal filings
- SEC has not cleared its view on whether Ethereum is an asset or security.
- May deadline for ETH ETF approval rapidly approaching
Another twist in the story here comes in the form of Consensys suing the SEC
Consensys wants to fight the big finance boys for deeming Ethereum as a security and they believe that the SEC is misusing its power and arm-twisting the entire crypto industry since a long time now.
It is what it is. Let us know your thoughts on the ongoing drama and what is your take on a potential ETH ETF approval.
AIRDROP! AIRDROP! AIRDROP 🪂
Finally time for some Airdrop Alpha for our Airdrop Hunters 🎯
$GRASS Epoch 4: Invite Only EPOCH
100,000 $GRASS points are trading on Whales Market for $0.0027 per point = $270
That is $270 for simply sharing internet with $0 investment!
Step 1:
- Head over to SIGN UP
- Referral Code: 3YrAZG3oYQkkuWz
- The above code will allow you a minimum 75% Network Health
- Higher the Network Health, higher the DAILY POINTS
Step 2:
- Download the browser extension on Chrome browser & connect your WiFi
The $GRASS airdrop Alpha
- Simply have you network running as much as possible
- No user intervention and monitoring required
- The dashboard has complete data metrics on Network Health, Data shared, Referal Network Usage and Data Labelling
Grass has introduced a new layer of gamified experience by splitting the programs into different tiers:
🔸 Iron
🔹 Bronze
🔸 Silver
🔹 Gold
🔸 Platinum
The higher is your network points on the platform, the faster you climb through the different tiers.
These tiers will have a definite impact on the final allocation towards the airdrop.
Grass has gamified the experience and this should definitely be a juciy airdrop withount any investment required.
Epoch 4 ends on May 10th, 2024
Currently with the above code you can earn upto 3,000 points per day, roughly 60,000 points for the epoch.
The TGE of the $GRASS token should be in Q2 end and there should be the final EPOCH 5.
Ample time to farm the Airdrop.
Fin.
And that’s all folks for the first edition of the Gari Web3 Weekly.
Expect a lot more alphas, airdrop hunting strategies and hot take on the Web3 ecosystem from us in the coming weeks.
We have just started up the Mothership…
