Sup, nerds!

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

• 💅 This is cool: Two tweets made one trader $197k

• 🔎 This seems important: …are we back (it feels like we’re back)?

• 🤝 Partner: 2478 everyday investors shared $1,123,615 net profit on a Monet​

• 🔪 Let's dissect this: Blockchain tech + real world assets = cheaper, quicker, easier

Terms used in this edition (click for an explanation, or ask Web(GPT)3!):
Memecoin, airdrop, blockchain.

💅 This is cool:

These Two Tweets Made One Trader $197k

In one sentence: Punk9059 pulled 1,052,316 ($197,835.40) Pacmoon from the token’s airdrop with only two tweets (and a referral code).

You know those YouTube ads that try and seduce you into the idea that by sending traffic to Amazon, you can earn enough referral fees to buy a lambo?

Then you do the math on Amazon’s 4% referral fee and discover that in order to buy a second hand lambo at ~$100k, the traffic you referred would have to generate $2.5M in sales…

This is like the crypto version of that, but no ones trying to sell you anything (and the reward rates are WAY better):

So the memecoin ‘Pacmoon’ recently ran an airdrop that rewarded referrers in two ways:

1. The tried and true method of ‘someone buys Pacmoon using your referral code, you get some crypto.’

2. The less familiar ‘for every view your tweet gets, you get some crypto’ method.

And the Twitter/X user @punk9059 absolutely dominated the airdrop, with two tweets (plus a little help from @frankdegods, who accidentally shared Punk9059’s referral code).

Tweet one:

And tweet two:

That’s it! As a result, Punk9059 earned 354,179 $PAC from the referrals, and 698,137 from tweet views — for a total of 1,052,316 $PAC.

At the time of this writing, $PAC is worth $0.188 a piece, meaning Punk9059 is currently sitting on $197,835.40.

The takeaway:

This space is nuts.

🥇 Want the news before anyone else?

🔎 This seems important:

…Are We Back (It Feels Like We’re Back)?

In one sentence: BTC just swept $71k, ETH is up above $3.6k, Solana shot up to $187 (the takeaway: market sentiment is shifting positive again).

Alright, time for another bi-weekly (ish) check in with the crypto markets.

Just about everything is up:

1. BTC just blasted up to $71k for the first time since early April

2. ETH hockey-sticked to $3.6k on rumors an ETF may be approved

3. While Solana shot up to $187 (also for the first time since early April)

…but why?

Outside of the ETH ETF rumors (which broke a few hours after this pump had begun) — it’s not like there’s been any new developments since the latest CPI data (aka: the cost of ‘stuff we use everyday’ data) was released last week.

From everything we’ve learnt in our chronically-online state of being, there isn’t a direct news story to thank for this pump.

In fact, the answer appears to be much simpler than that:

After the CPI print showed inflation to be lowering as expected, the market sentiment has shifted from “Oh, god, this is bad!” back to “Up only baaaaby!” and held there ever since.

For example:

• Prices held relatively steady over the weekend (a time in which trading volume is at its lowest, often allowing prices to slip).

• The slight dip we did see in that time was quickly bought up Sunday evening (ET), when trading opened in Asian markets.

• And as of yesterday morning, the onslaught of buying continued stateside.

All without any big generalized news or narrative catalysts.

The only thing that changed, or rather — stayed unchanged — was the Fear and Greed index, which bumped from ~52/100 to ~62/100 last week, and has hovered above 60 ever since.

(Indicating an increase in positive sentiment).

We’ll take it!

🤝 Partner:

2478 Everyday Investors Shared $1,123,615 net Profit on a Monet

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Every single one of Masterworks’ 16 sales has returned a profit to investors, for a 100% positive net return track record. With 3 recent sales, Masterworks investors realized net annualized returns of 17.6%, 21.5% and 35%. 

How does it work? Simple, Masterworks does all of the heavy lifting like finding the painting, buying it, storing it, and eventually selling it. It files each offering with the SEC so that nearly anyone can invest in highly coveted artworks for just a fraction of the price of the entire piece. 

Shares of every offering are limited, but Web3 Daily readers can skip the waitlist to join with this exclusive link.

🔪 Let's dissect this:

Blockchain Tech + Real World Assets = Cheaper, Quicker, Easier

In one sentence: One use case that’s caught our eye recently is tokenized real world assets because they make buying and selling things (like houses) cheaper, quicker, and easier.

Critics of blockchain technology have called it “a solution looking for a problem.”

And we get it, blockchain technology is hard for the everyday consumer to understand because it’s fundamentally a backend technology.

But there’s one use case that’s caught our eye recently because it genuinely seems like something that didn’t exist in any meaningful way before, and now it does.

We’re talking about tokenized real-world assets (RWAs).

Before your eyes glaze over and we lose you, hear us out (pls)!

Tokenized RWAs are actually a really simple concept. Take a real world asset like a house (for example); and instead of selling the whole thing at once, you have the option to sell just a portion of it (if you want).

All sales are tracked on the blockchain which is a great reason to use the technology.

But what - to a consumer - is way more important than tracking everything through blockchain technology?

Making the process quicker, easier, and cheaper.

That’s what tokenized RWAs can do for you.

Imagine buying and selling a range of apartments, single family homes, and commercial properties - all individually - multiple times a day (the same way you would if you were to day trade stocks).

That ain't happening in the current system.

To buy/sell just a single property you'd need to deal with public/private auctions, brokers, agents, lawyers etc, all over multiple days/months.

So yeah, blockchain technology is not the solution for every problem, but it’s a damn good one for this one.

Tokenization, Explained