Sup, nerds!

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

• 💅 This is cool: This is so nerdy that it might actually work!

• 🔎 This seems important: Bitcoin’s ‘Dunder Mifflin' situation

• 🤝 Partner: Have a Web3 company? You might want to read this…​

• 🔪 Let's dissect this: If Voltron were an AI token...

Terms used in this edition (click for an explanation, or ask Web(GPT)3!):
Blockchain, Web3, NFTs, Decentralized.

💅 This is cool:

This Is So Nerdy That It Might Actually Work!

In one sentence: (This is low key genius) Arbitrum, Azuki, and others are launching a blockchain-powered anime network called ‘AnimeChain,’ to onboard fans of anime to Web3.

When you get down beyond the microscopic level and breach ‘the quantum realm’ — physics doesn’t quite work right.

(Particles get entangled, things start popping in and out of existence…)

Same thing happens when you breach a certain level anime fandom.

All of a sudden, owning action figures in your mid 30’s is not only accepted — but celebrated. Dressing up isn’t just a halloween thing, and (for some reason) all of your headphones have cat ears on them.

We’re not knocking it btw! We’ve got a bit of that in us. 

(Hell, Chevy was designing and handcrafting replica lightsabers well into his late teens — instead of idk, dating?).

We say all of this, so that you don’t brush off what we’re about tell you…

The Arbitrum Foundation, Azuki, and the Web3 Foundation are teaming up to launch a blockchain-powered anime network called ‘AnimeChain,’ which aims to onboard fans of anime to Web3 via content, games, merchandise, and NFTs.

Which all sounds a bit nebulous…but think about the anime fan in your life — what do they cherish?

1. Cartoons? Yep.

2. Their Nintendo collection? Absolutely.

3. That Dragon Ball Z Tee Shirt that, when warn, comes with a verbal reminder that it was “a Japanese-only release”? Mhmmm.

4. Plus a boat load of various collectibles? It’s a given.

Now let’s connect the dots…

☝️ (1) = content, (2) = games, (3) = merchandise, and (4) = NFTs ☝️

So yeah, a ‘blockchain-powered anime network’ sounds weird at first — but it could end up being a match made in heaven.

Bravo AnimeChain, bravo!

🥇 Want the news before anyone else?

🔎 This seems important:

Bitcoin’s ‘Dunder Mifflin Movie Monday’ Situation

In one sentence: BTC Miners were super profitable in Feb — but come the halving, the BTC price will need to (mostly) hold above $70k if miners want to profit at current difficulty rates.

You know that scene in The Office, where Jan walks in on Michael and the staff watching a movie on company time?

And when Jan asks how a movie could possibly make people work faster Michael says:

“They kind of have to…to make up for the time they lost watching the movie.”

Same thing applies to the Bitcoin halving and BTC’s price.

Confused? Lettuce explain…

Jeffries (the investment bank) just reported that Bitcoin mining was more profitable in February than in January after BTC rose from ~$42k to ~$61k.

(Ok, makes sense — if prices go up, profits go up).

But here’s the thing…

Come April 20th, once the supply of new Bitcoin being mined each day gets cut in half (from ~900 to ~450), Bitcoin will find itself in a ‘Dunder Mifflin Movie Monday’ situation…

Cause right now, miners are earning about +25% return on what they spend on energy each day — but once that daily return is cut in half…

The price kinda has to increase above $70k (and mostly stay there) — otherwise the average miner won’t be able to cover their costs.

Brb, got a hankering to watch Varsity Blues all of a sudden…

🤝 Partner:

Have a Web3 Company? You Might Want To Read This…

What do these three quotes have in common?

1. “Their team has the most proficient and knowledgeable security experts I know in the [Web3] space.”
   

2. “[They] came back with workable exploits and improvement suggestions in record time.”
   

3. “I can’t recommend this team highly enough for crypto specific security audits.”

They’re all real quotes from past clients of Coinspect. 

It’s hard to stress the importance of security audits in the Web3 space enough – one vulnerability can literally break your company!

And the scary thing is, you won’t even know they exist…until it’s too late.

(It’s enough to lose sleep over!)

Good news is: an audit from Coinspect can help identify and patch those vulnerabilities.

If you have a Web3 company and you’re yet to have an external team do a tailored security audit on your systems, reach out to the Coinspect team today.

They’ll create a customized audit that works specifically for your needs.

Ready to start sleeping better? Hit the big red button 👇

🔪 Let's dissect this:

If Voltron Were An AI Token...

In one sentence: Moving forward, with approval, Fetch.ai, SingularityNET and Ocean will now all use the AltSignals ($ASI) token. 

…well, this is a first.

The top three crypto AI projects are merging each of their respected tokens into one (bet you didn’t know that was possible!).

…honestly, neither did we.

Moving forward, with approval, Fetch.ai, SingularityNET and Ocean will now all use the AltSignals ($ASI) token. 

Which could have some big impact – but first, let's step back and look at why the heck crypto AI projects are even a thing…

The end goal is to have a fast, cheap, decentralized payment system, specifically designed to support AI development.

Here’re the three main use-cases.

1. Reward-based payments.
   If someone contributes data to train an AI, provides computation power, or helps with development → they get paid in ASI tokens.

2. User transactions.
   Wanna use the AI systems that are being built by Fetch, SingularityNET and Ocean? You can pay for access to their services using $ASI.

3. Governance.
   Wanna vote on proposed changes to the ASI network? Every $ASI token you hold doubles as one vote.

This explanation is probably leaving you thinking “That’s cool and all, but why would three projects merge their tokens?”

It's a great question! Allow us to answer it with another question:

Say you and your neighbors on either side decided to merge your homes into one big mega property — would that new mega property be worth more or less than one individual home?

Same goes for combing tokens.

It pools the value of all three tokens, into one concentrated mega token that can be used to buy services from three of the biggest crypto AI projects.

That’s a big-brained move if we’ve ever seen one.

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Bitcoin Mining, Explained.