Sup, nerds!

Here’s what you’re getting in today’s edition:

• 💅 This is cool: The 'everything' address (email, wallet, website)

• 🔎 This seems important: The Binance password leak

• 🤝 Partner: The wine aisle is scary. Bright Cellars isn’t.​

• 🔪 Let's dissect this: “Get paid to hang out with your friends”

Terms used in this edition (click for an explanation, or ​ask Web(GPT)3!​):
Web1/2/3, Wallet, Cold Storage.

💅 This is cool:

One Domain Name To Rule Them All (Email, Website, Crypto Wallet)

In one sentence: GoDaddy will soon allow you to turn your Web2 domain name into an Ethereum Name Service-style wallet address (as well as your email and web address).

When we bought the ‘web3daily.co’ domain, we purchased it through a ‘Domain Name Service’ (DNS) provider.

But if we wanted to buy the ‘web3daily.eth’ Ethereum domain, we’d have to go through an ‘Ethereum Name Service’ (ENS) provider.

…problem is — much like our aunt Suze and uncle Steve — the two don’t talk to each other.

Our DNS address lets folks check out our website and email us, while our ENS address would act as a crypto account name of sorts, allowing folks to send Ethereum based tokens to ‘web3daily.eth’.

And this highlights one of Web3’s biggest problems:

Everything in Web3 is being built outside of the existing system (from the ground up).

When Web1 transitioned into Web2, the change was defined by the ability to interact (e.g. upload photos/videos, leave comments, etc.).

But users didn’t need to do anything in order to make the jump — the functionality was integrated into Web1 slowly, but seamlessly over time.

Whereas, in Web3 everything starts from scratch:

Email accounts turn into wallet apps. Domain names turn into Ethereum names. Dollars turn into tokens — it’s a mess.

Now, here’s the good news:

The largest domain service provider in the world, GoDaddy, is integrating DNS, with ENS.

What does that mean??

It means, if we wanted to set up a crypto wallet with the DNS ‘send to’ address of web3daily.co — we will soon be able to go to our GoDaddy account, click a button, and *bleep-bloop-blop* we now have a crypto wallet registered under our Web2-based ‘web3daily.co’ domain.

This is a huge step forward for the general ease-of-use of Web3 and crypto (!) because it piggy backs off something folks are already used to using.

We love to see it!

🥇 Want the news before anyone else?

🔎 This seems important:

Oooft! Binance’s Internal Passwords Were Leaked N’ Live Online for the Past Month

In one sentence: A bunch of Binance’s internal passwords and highly sensitive code was quietly leaked on Github, Jan 5, and stayed up for a month.

Turn the “OOOFT-O-METER” up to eleven:

A bunch of internal passwords and highly sensitive code from the world’s largest crypto exchange, Binance, were quietly leaked on Github, Jan 5.

…and — wait for it — have been publicly viewable for the past month.

Binance has since had the repository taken down, and stated that the information was:

"So outdated that it would be unusable by any third-parties or malicious actors."

Regardless, this ain’t a good look — nor does it help instill faith in centralized exchanges, which is still dwindling post-FTX.

If nothing else, this acts as a good reminder to us all:

Don’t keep your crypto on centralized exchanges long term.

(Cold storage is the way).

🤝 Partner:

The Wine Aisle is Scary. Bright Cellars Isn’t.

Take the guesswork out of shopping for wine with Bright Cellars.

Just take a quick and easy seven-question quiz to assess your taste preferences, and they'll deliver wines you're guaranteed to enjoy, directly to your doorstep.

Their promise extends further—with their full-glass guarantee, if you don’t like a bottle, they’ll replace it.

The journey doesn't just stop at the bottle; each wine arrives with education to elevate your wine knowledge.

With over 100 varietals sourced from 80 wine regions, you’re guaranteed to discover new wines you love.

No more trying to navigate the scary wine aisle — take the quiz today and get your first six bottles for just $55 ($150+ value).

🔪 Let's dissect this:

“Get Paid To Hang Out With Your Friends” (That’s a Helluva Pitch!)

In one sentence: Scene is software that rewards community members with crypto tokens every time they interact irl, whether they’re hosting or attending events.

We’re always banging on about how there are more use cases for crypto tokens than just money — and this could well back that argument.

What are we talking about? 

Picture this: you go to dinner with some friends, scan your personal QR code, stay for an hour or so…all while getting rewarded for being there.

When you leave, you check your phone and see some new tokens have been dropped in your wallet.

That, right there ☝️, is the basic concept of ‘Scene.’

Here's how it works:  

The founders of Scene believe there’s a larger use for tokens outside of ‘money’ — and that one of those use cases is community ownership. 

Scene rewards community members with crypto tokens every time they interact irl, whether they’re hosting or attending events, with the ultimate goal of getting people to create more face-to-face communities. 

The interesting thing here:

The founders of Scene have stated that they’re looking to create software that will onboard people into the space, without it being about ‘money’ or an investment.

Which sounds awesome! But…

Our guess is, these tokens will most likely devolve into monetary assets the moment the underlying community gains traction.

(E.g. Just look at the ‘FWB’ community token — it’s currently worth ~$4, but was once pushing $200 back when the market/community was hot).

‘Tokenomics’, Explained.