Sup, nerds!

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

• 💅 This is cool: Web3’s new cultural holiday: MemeDay 6/9

• 🔎 This seems important: Web3 gaming’s biggest problem: solved

• 🤝 Partner: Master cutting-edge concepts, in just 15 mins per day​

• 🔪 Let's dissect this: The metaverse is coming to mobile

Terms used in this edition (click for an explanation, or ask Web(GPT)3!):
Web3, bull run, NFTs, layer 2, metaverse.

💅 This is cool:

Web3’s New Cultural Holiday: MemeDay (6/9)

In one sentence: The folks at 9GAG and Memeland are throwing the first inaugural MemeDay celebration(a meme-focused version of Bitcoin’s annual Pizza Day), on 6/9/24.

Alright, it’s Friday.

Let’s keep things as fumb (fun n’ dumb) as possible…

So, the folks at 9GAG (the spiritual home of early internet memes) and their associated web3-focused venture studio ‘Memeland,‘ are throwing the first inaugural MemeDay celebration on, 6/9/24.

(With meetups at McDonalds’ in 10 cities worldwide).

Why?

To create the meme-focused version of Bitcoin’s annual Pizza Day, which celebrates the first time Bitcoin was used to buy real-world items — two pizzas for $30 worth of BTC (or $710M at today’s prices).

Is an annual MemeDay needed?

No. But it’s fun and dumb, and if there’s a:

• ‘Bean Throwing Day‘

• ‘Ask a Stupid Question Day‘

• and 'International Nose Picking Day'

Then we think its safe to say we all deserve a MemeDay celebration.

🥇 Want the news before anyone else?

🔎 This seems important:

Web3 Gaming’s Biggest Problem Just Got Solved

In one sentence: With cheap ETH L2’s and now smart wallets — the cost to reward gamers with in-game NFTs is so low that gaming companies will able to subsidize them to $0.

“It’s hard to get people to pay for something they’re used to getting for free”
— MKBHD, 2023 AD.

This has been one of web3 gaming’s biggest sticking points.

Sure, we’re used to paying for games — but not every time we collect an in-game NFT-based item, and definitely not on a sliding scale of cost…

Cause (ICYMI), in the last bull run (when NFTs first reared their head), most of the trading activity was taking place on the Ethereum network. Which, at the time, was seeing transaction fees ranging from $10, to $7k — to as high as $44k.

(Seriously).

But with the advent of cheap Ethereum layer 2 chains and now smart wallets — the cost is so low that gaming companies will able to subsidize any transaction costs.

Which means players will now be able to:

1. Collect items for free

2. Sell them in the in-game marketplace (profiting from a game they love)

3. While game makers can take royalty cuts from the marketplace’s sales (generating a new form of recurring revenue)

The takeaway:

No one is as bullish on smart wallets as they should be.

🤝 Partner:

Master cutting-edge concepts, in just 15 mins per day

If you’re like us, you’ve probably tried your hand at one of the following:

• Programming and AI

• Science and engineering

• Data analysis

In that process, you probably realized that there was a steep learning curve to it all.

Here’s the good news:

Brilliant has courses in all of the above (and more) to help you master these concepts in just 15 mins per day. 

Whether you’re a complete beginner or ready to dive straight into machine learning and beyond, Brilliant makes it easy to level up fast with fun, bite-sized lessons.

Join 10 million people around the world and start your 30-day free trial today. 

Plus, the Brilliant team is offering 20% off a premium annual subscription specifically for Web3 Daily readers.

🔪 Let's dissect this:

The Metaverse is Coming to Mobile

In one sentence: The Sandbox just raised $20M to help them build out the metaverse for mobile.

Alright, let’s cap things off with a bit more fumb (fun + dumb) news.

Ever wanted to explore the metaverse (i.e. the 3D version of the internet) from your phone?

Nope? Nah, us either.

But it will soon be possible, thanks to The Sandbox’s next development of a decentralized metaverse for mobile.

Here’s the argument for this:

Now, we get it - we’re not in 2008 anymore - but remember when Zuck decided to focus all of Facebook’s attention, energy and budget on mobile?

Then suddenly, instead of people using a clunky web-based version on their smartphone, literally everyone started using the FB mobile app while waiting in line, sitting at the DMV, or while on the toilet?

The hope is that a similar thing will happen.

Instead of scrolling through Instagram, when The Sandbox metaverse makes it way to mobile, in the ideal world at least some of those folks will choose to explore the metaverse.

But we’ve said it before and we’ll say it again: in order for the metaverse to become popular, people need a reason to come, to stay, and most importantly, to come back.

The Sandbox just raised $20M to help with their vision of bringing the metaverse to mobile which is a good sign for the web3 industry.

Let’s just hope they don’t build the greatest metaverse in the world but leave people hanging on that last part.

(A reason to come back)!

You’ve heard it before… “Don’t beat around the bush”

If you want to become a better options trader, the VantagePoint team can’t wait to show you how to approach your trades directly and without hesitation. Imagine your portfolio performance if you started buying weekly expirations dependent on future trends.

Now you can.

Learn free here and supercharge your options trading.

What is The Sandbox?