Users and stakeholders should remain vigilant and make informed decisions when engaging with Telegram Bots

Recently, Telegram Bots have sparked a lot of attention in the cryptocurrency industry. With the integration of artificial intelligence and social features, Telegram Bots have brought innovative development paths to the cryptocurrency industry. Bot projects like Unibot and Banana Gun, with their astonishing growth rates and new intelligent trading models, are attracting more and more followers. Currently, Telegram Bots have widely covered various fields in the cryptocurrency industry, including trading, airdrops, communities, and cross-chain operations, enriching the application scenarios in the cryptocurrency industry. However, with the emergence of more and more trading bots, the security of Telegram Bots has been questioned. This article will delve into the development status, opportunities, and risks of Telegram Bots in the cryptocurrency industry, in order to better understand the future prospects of Telegram Bots in the industry.<h1 class="PlaygroundEditorTheme__h1">Telegram Bot Trend: Unibot Leading the Trading Bot Craze</h1>With the booming development of the cryptocurrency industry, Telegram Bots are increasingly gaining attention as intelligent trading tools within the cryptocurrency community. As early as 2017, Telegram Bots already had the capability to automatically reply to messages and execute user commands. With the rise of the cryptocurrency industry, Telegram became the most commonly used instant messaging tool for cryptocurrency enthusiasts. In this context, Telegram-based trading bots gradually emerged, enabling automatic operations such as token exchange, copy trading, data analysis, automatic airdrop trading, and cross-chain asset operations.Among the numerous Telegram Bots, Unibot can be considered the most successful one. Since its issuance in May until mid-August, the price of Unibot's token UNIBOT has been on a skyrocketing trend, showing astonishing growth. According to Coingerk data, the price of UNIBOT climbed from a low of $2.46 to a peak of $236.98, an increase of over 95 times, and has now fallen back to $52.21. Unibot's success has triggered FOMO sentiment in the market and led to varying degrees of price surges in Telegram Bot-related tokens. Although the current market sentiment has cooled down to some extent, the total market capitalization of the Telegram Bot sector has reached a record $147 million, with the 24-hour trading volume surpassing $22 million. Unibot's founder, Ayden, previously worked at Apple and collaborated with a machine learning startup to create this powerful intelligent trading bot. Unibot claims to be the fastest Telegram Uniswap data monitoring tool, enabling lightning-fast data exchange and tracking. All users only need to pay a 1% transaction fee to use it. With Unibot, users can easily buy and sell tokens, copy trades from other wallets, get real-time information on newly deployed tokens, and monitor multiple token addresses. Additionally, users holding UNIBOT tokens can enjoy benefits such as reduced fees, advanced node reservations, MEV protection, and private transactions.Telegram, as the largest instant messaging software in the cryptocurrency community, currently has over 800 million active users. Although some of these users have already ventured into the cryptocurrency industry, there is still a significant portion that has not entered this field. Based on the cultural atmosphere of Telegram, these users are more likely to be attracted to the cryptocurrency industry compared to users on other social platforms. In the past, due to the high cognitive barrier and complex operational steps in the cryptocurrency industry, these users have stayed away from it. However, with the emergence of Telegram Bots, they now have a more convenient way to participate in the cryptocurrency industry. Bots simplify the process of buying and selling cryptocurrencies, allowing users to directly engage in related operations on their mobile phones, which is a significant boost for the entire cryptocurrency industry.Being one of the outstanding Telegram Bots, Unibot, with its advanced algorithms and robust infrastructure, is leading the trend in Telegram Bot trading. Its success also reflects the market's strong demand for convenient, secure, and intelligent trading bots. In the future, we can expect that Telegram Bots will further consolidate their position in the cryptocurrency industry and provide more users with convenient and intelligent trading services. <h1 class="PlaygroundEditorTheme__h1">Telegram Bot: The Bridge Connecting Web2 and Web3</h1>As we know, the goal of Web3 is to establish a user-driven decentralized internet. However, the user base of Web3 has been facing significant barriers to growth. In the Web2 era, social platforms like Facebook had 3 billion users, while both WeChat and TikTok had monthly active users exceeding 1 billion. However, as of today, the number of users participating in Web3 is less than 320 million, indicating that there is still a long way to go before Web3 can truly reach a user base of 1 billion.To encourage more Web2 users to participate in and use Web3, it is crucial to lower the barriers to entry for them. As the world's largest encrypted social software, Telegram has more than 800 million users and a highly active community atmosphere. Therefore, Telegram has long been seen as the most promising platform to address this issue. With the rise of Telegram Bots that integrate artificial intelligence and social features, the approach to solving this problem is actively changing. As an AI-powered application related to DeFi trading, Telegram Bots differ from traditional Web3 applications in that they perform various complex operations through simple text conversations. These operations include creating wallets, storing private keys, and conducting transactions, greatly reducing the learning curve for users. Moreover, with technological advancements and the widespread adoption of algorithmic trading, the Bot sector will have more opportunities for innovation and development. The application of machine learning and artificial intelligence technologies will make trading bots more intelligent and automated, providing more accurate trading advice and execution strategies. For example, through big data analysis and machine learning algorithms, trading bots can make more accurate predictions of market trends and price fluctuations, helping users make wiser investment decisions.In addition to basic asset management and trading functions, Telegram Bots can provide various value-added services. For instance, they can set price monitoring and smart order placement for different cryptocurrencies, offer market analysis and strategy recommendations, and even customize exclusive lightweight applications, providing users with a one-stop solution for their trading needs. At the same time, the decentralized nature of Telegram Bots presents opportunities for the future development of Web3. Currently, mainstream Web3 applications are primarily focused on PC platforms, with limited support for mobile devices and a relatively rigid user experience. However, the convenient mobile nature of Telegram Bots can serve as an entry point for Web3 applications on mobile, accelerating their expansion to mobile platforms. Additionally, developers can quickly build various decentralized applications on the Telegram platform through bots, enriching the Web3 ecosystem.Furthermore, through the perfect combination of social features and artificial intelligence, Telegram Bots allow users to engage in social activities and gather market information while executing various trading operations through trading bots. By leveraging the powerful data analysis and AI technologies of bots, users can optimize their trading strategies and enhance investment returns. In the future, as the cryptocurrency market continues to mature and user interest in digital assets increases, these trading bots that integrate social interaction, convenience, and intelligent features are expected to attract more users to this field. Telegram Bots are also expected to become the mainstream user entry point in the Web3 ecosystem, driving the development of the entire industry. <h1 class="PlaygroundEditorTheme__h1">Review of Hot Projects in the Telegram Bot Realm</h1>With the rapid development of the cryptocurrency market, the Telegram Bot sector has become a highly anticipated and popular field. In this sector, many projects utilize Telegram bots to provide users with various functionalities and services. These projects are characterized by their simplicity and integration with the Telegram social platform, offering users convenient tools for cryptocurrency trading, tracking, and analysis. Here are some of the popular Telegram Bot projects at present:Unibot: Unibot is the leading project in the Telegram Bot sector, serving as a bridge between Telegram and cryptocurrency exchanges. Through Unibot, users can directly trade on Telegram without leaving the chat interface. Additionally, Unibot offers features such as copy trading, private over-the-counter trading, and new token tracking, enabling users to conveniently engage in investments and transactions. Currently, the price of the Unibot token (UNIBOT) is $57.2.Banana Gun: Banana Gun ranks second in popularity after Unibot and is one of the most widely beloved Telegram Bot projects in the current market.Neobot: Neobot is a trading analysis robot that incorporates artificial intelligence. It scans indicators such as token liquidity, market sentiment, buy/sell ratio, and provides users with analysis and tracking services for early-stage projects. Additionally, Neobot can monitor malicious authorizations and on-chain large volume trading addresses to help users make more informed investment decisions. The current price of Neobot token (NEOBOT) is $0.0488.Wagie Bot: Wagie is a trading bot that supports tracking, trading, and replication on mainstream chains. It is compatible with multiple EVM chains such as ETH, ARB, OP, BSC, providing features like tracking whale wallets, replicating trades from whale wallets, and various types of trading orders (take-profit, stop-loss, limit orders) to help users engage in the crypto market better. The current price of Wagie Bot token (WAGIEBOT) is $0.1588.LootBot: LootBot is a robot designed for users participating in airdrops. It supports tracking and management of mainstream airdrop projects, automatically records participation history and rewards obtained, and can also monitor malicious participation and create isolated wallets automatically, providing a safer and more convenient airdrop participation experience. The current price of LootBot token (LOOT) is $0.26.Genie: Genie is an AI-based Telegram chatbot primarily designed to provide automated customer support for projects. It utilizes NLP technology and an automated Q&amp;A community to help project teams address common questions, expand their knowledge base, and improve user experience. The current price of Genie token (GENIE) is $0.005. <h1 class="PlaygroundEditorTheme__h1">Opportunities and Risks in the Telegram Bot Space</h1>The emergence of Unibot has sparked a craze in the Telegram Bot space. Although this craze has subsided recently, Telegram Bots have garnered widespread attention from institutions and investors as an emerging field. Currently, Telegram Bots are in a phase of rapid development, which presents both tremendous opportunities and significant risks.Opportunities in the development of Telegram Bots:1. Simplified trading process: The Telegram Bot space provides users with a simplified operational flow. Through conversations with bots, users can complete tasks such as wallet creation, deposits, withdrawals, and trading. Compared to traditional trading methods, the Bot space enables users to participate in the management and trading of crypto assets more conveniently, lowering entry barriers and attracting a broader user base.2. Comprehensive services: Telegram Bots go beyond basic asset management and trading functions and also offer a range of value-added services. For example, bots can provide technical indicator analysis, market predictions, price alerts, and more, helping users make more informed investment decisions. This comprehensive service satisfies users' demands for information and tools, enhancing user experiences and engagement.3. Strong community and ecosystem: Telegram, as a massive social platform, has a vast user base and active communities. In the Telegram Bot space, users can join different trading bot communities to share experiences and access the latest market developments. This community and ecosystem facilitate interaction and collaboration among users, providing robust support for the development of the Bot space.Risks in the development of Telegram Bots:1. Security concerns: With the increasing popularity of Telegram Bots, security risks become a significant concern. Users need to be cautious about potential scams, fraudulent bots, or phishing attempts, which can result in financial losses. It is crucial to exercise caution and conduct thorough research before interacting with any Telegram Bot.2. Regulatory uncertainties: The regulatory landscape surrounding Telegram Bots and the broader cryptocurrency industry remains uncertain in many jurisdictions. This uncertainty poses risks for the operation of Telegram Bots and can impact their development and adoption.3. Market volatility: The cryptocurrency market is known for its high volatility. Telegram Bots, being closely tied to the crypto industry, are also subject to market fluctuations. Rapid price movements and unpredictable market conditions can result in significant gains or losses for users.Overall, while the Telegram Bot space presents exciting opportunities simplifying trading processes, offering comprehensive services, and fostering strong communities, it also carries risks related to security, regulation, and market volatility. Users and stakeholders should remain vigilant and make informed decisions when engaging with Telegram Bots.

Telegram Bot

Neobot

LootBot

Banana Gun

Telegram Bot Paves the Way for New Developments in Cryptocurrency

This concept gives all developers equal opportunities for development, but it is also a good opportunity for speculators.

base

Bald

The myth of Bald's thousand-fold currency is shattered in an instant, is it too early for the Base public chain to be cool?

Sei has become the preferred solution for traders, developers, and gaming communities alike.

The SEC's lawsuit against Binance was the biggest event in the crypto industry in the past month, and as a result, most crypto assets have seen their prices cut in half in the past few weeks, bringing the crypto market just entering spring back into bearish gloom. This event also caused cryptocurrency users to lose trust in centralized exchanges (CEXs), further reinforcing the necessity of developing decentralized exchanges (DEXs). Sei Network, a Layer1 public chain built with Cosmos SDK, aims to become the preferred chain for DEXs in DeFi, NFT, and GameFi. Sei's built-in order book infrastructure, ultra-fast execution speed, deep liquidity, and fully decentralized matching services provide a safer, more transparent, efficient, and reliable network for DEXs, bringing new innovations and development opportunities to the crypto market. <h1 class="PlaygroundEditorTheme__h1">Sei, built for trading, aims to be the fastest layer1 public chain</h1>Traditional Layer1 public chains can generally be divided into two categories: general public chains such as Ethereum and Solana, and application-specific chains such as dYdX and Osmosis. These public chains have their own unique advantages and characteristics in technical implementation, but there are certain limitations in terms of trading scalability. Unlike other public chains, Sei, as a new Layer 1 public chain, does not choose sides between general and application-specific chains. Instead, Sei finds a middle ground between the two to become a public chain built specifically for trading. Compared to general public chains, Sei has optimized every level of its technical stack to provide the best trading infrastructure. Compared to application-specific chains, Sei is a relatively general-purpose public chain that can support a variety of trading applications, rather than just one specific application. This makes Sei a more flexible and customizable trading infrastructure that can meet the needs of different types of trading applications. <img class="PlaygroundEditorTheme__image editor-image" src="https://coinvoice-international.oss-cn-hongkong.aliyuncs.com/profital-chainlabs/article/20230619/2023061918085861244371.png" alt="" width="inherit" height="inherit">As a public chain dedicated to trading, Sei's goal is to solve the scalability problems faced by current on-chain exchanges and become the fastest Layer 1 public chain. To this end, Sei has implemented several important improvements to its underlying network architecture, including the industry-leading Twin Turbo consensus mechanism. Sei's technology success is largely due to Twin Turbo consensus, which enables Sei to achieve a lower bound of 300ms finality, 10x faster than Solana. Additionally, Sei has implemented a composable architecture order matching module, which means that dApps on Sei have synchronous composability. Through Sei's numerous bridge partners, the IBC, EVM, and SVM ecosystems will all have asynchronous composability, allowing for seamless connections and interoperability between different blockchain ecosystems, giving developers more flexibility to choose the technology stack that best fits their needs.Sei has also increased throughput by 5-10x through market-based parallelization, and supports batch order processing, thus simplifying the process of updating multiple orders across different exchanges. These are all innovative features implemented by Sei to optimize the performance of trading applications. In addition, Sei's liquidity center and its underlying technology is also highly advantageous for various dApp runs. Sei's liquidity management system can help DeFi, GameFi, and NFT applications to provide users with deeper liquidity systems and cost-effective trading processes, while taking advantage of Sei's blockchain agility and efficiency.Trading is the most basic application scenario and use case of blockchain technology, and at the same time is an important force driving the development of blockchain and Web3. By creating a dedicated trading public chain, Sei provides developers who wish to build applications on a generalised Layer 1 with an attractive product. Sei's emergence fills the gap in the currently trading-dedicated public chains, bringing new opportunities and challenges to the development of blockchain technology and Web3, and also providing more possibilities for the circulation and trading of digital assets.<h1 class="PlaygroundEditorTheme__h1">Sei's technological advantages are revolutionizing the traditional DEX network environment</h1>As Web3 continues to develop rapidly, exchanges have become increasingly important as the focal point for asset trading. Currently, exchanges are mainly divided into centralized exchanges and decentralized exchanges (DEXs). In the past, centralized exchanges have been dominant. However, with the SEC's lawsuit against the leading centralized exchange Binance, higher regulatory pressure on centralized exchanges will drive the market towards DEXs. This requires DEXs to expand and adapt to the huge adoption wave.Given DEXs' unique requirements for speed, throughput, reliability, and front-running, a dedicated infrastructure is needed to address these issues. This is where Sei comes in, offering a solution to DEX scalability problems and allowing exchanges applications to scale effectively while maintaining decentralization and capital efficiency. Sei technological advantages include the following: The Order Matching EngineSei is a Layer 1 public chain based on the Cosmos ecosystem. Like Ethereum, Sei allows users to transfer assets and deploy smart contracts. However, the distinguishing feature of Sei is that it has created an order submission and matching engine at the chain level. This order matching engine is one of Sei's core functionalities, as it allows anyone who wants to build an exchange to easily use this engine to create an order book-based exchange. This means builders can skip the step of building an order book from scratch, making it more efficient in terms of technology and cost.Moreover, Sei's order matching engine provides a limit order design space similar to conventional centralized exchanges like Binance and Coinbase. It creates a set of orders at different prices and allows updating the asset values based on the executed orders. The benefit of using an order book exchange is that it can offer higher liquidity and a better price discovery mechanism. While technically, launching an order book-based exchange and providing liquidity for it is more challenging than on an AMM DEX, Sei aims to provide a cost-effective system for developers and users of decentralized applications built on the network. In this way, they can build order book-based exchanges more efficiently without compromising security and reliability.Parallel Order ExecutionSei's parallel order execution is a significant improvement. It is able to process orders within the same market in sequence, while also handling orders from different markets simultaneously. This approach significantly increases Sei's throughput and ensures deterministic behavior among validators. In traditional blockchains, order processing is sequential, meaning each order must be processed in the exact order received, regardless of the assets or markets it interacts with. Sei's approach is different, as it allows orders from independent markets to be processed simultaneously, resulting in faster block times, lower latency, and higher throughput for Sei at all load levels. This marginal improvement is particularly notable under high loads.<img class="PlaygroundEditorTheme__image editor-image" src="https://coinvoice-international.oss-cn-hongkong.aliyuncs.com/profital-chainlabs/article/20230619/2023061918093170659758.png" alt="" width="inherit" height="inherit">According to Sei's internal test data, with 10,000 orders/block and 20 different contracts (markets), parallel processing can reduce block time from 1.33 seconds to 0.81 seconds, latency from 371 milliseconds to 48 milliseconds, and increase throughput from 7,500 orders/second to 12,200 orders/second. As the load increases, the degree of marginal optimization becomes even more significant. Twin-Turbo Consensus MechanismSei's Twin-Turbo consensus mechanism enhances the Cosmos' ABCI by making each step of the consensus programmable. This consensus mechanism consists of two parts: Intelligent Block Propagation and Optimistic Block Processing.Intelligent Block Propagation aims to increase the speed and efficiency of block processing. On the Sei Network, block proposers can send compressed block proposals containing only transaction hashes, rather than detailed block content. During the block broadcasting stage, if a validator has all the transactions from the proposal in its local memory pool, it will reconstruct the entire block from its memory pool without waiting for all block parts to arrive. This process significantly reduces the overall time validators spend waiting to receive the block. If a validator's memory pool does not contain a transaction, the validator can simply revert to waiting for uncompromised, detailed proposals to arrive. According to Sei's testing, over 99.9% of the time, validators already have transactions in their local memory pools due to the network's gossip mechanism. This intelligent block propagation method greatly accelerates Sei's throughput while still ensuring the validity of transactions.<img class="PlaygroundEditorTheme__image editor-image" src="https://coinvoice-international.oss-cn-hongkong.aliyuncs.com/profital-chainlabs/article/20230619/2023061918095437825942.png" alt="" width="inherit" height="inherit">Optimistic Block Processing is a blockchain validation method that enables a faster, more efficient validation process. Unlike traditional non-optimistic blockchains, optimistic block processing skips the prevote and precommit steps, allowing validators to call the block finalization function directly, speeding up block validation and voting. On the Sei Network, validators can also optimistically process any first block proposal they receive at any height by initiating parallel processing processes and writing state candidates to cache. This significantly reduces waiting time caused by delays in block production, increasing Sei's throughput.With the Twin-Turbo consensus mechanism, Sei shortens block confirmation time from Cosmos chain's 6 seconds to 500 milliseconds, achieving the fastest final block confirmation time globally and reaching a throughput of 20,000 transactions per second. This efficient consensus mechanism also makes Sei an efficient, scalable, and programmable blockchain system, providing faster and more efficient services for DEX.In addition to the three main improvements mentioned above, Sei has incorporated other functionalities at the base layer, including:1. Single-block order execution: In Sei, it is allowed to place and execute orders in a single block, while in Serum, multiple blocks are required to complete the process.2. Order bundling: Market makers can update prices for multiple markets in a single transaction, improving efficiency.3. Frequent batch auctions: Market orders can be aggregated at the end of the block and settled at a single price. This approach aims to try and minimize frontrunning to the greatest extent possible.4. Native oracle: A native price oracle is integrated into Sei's base layer, ensuring reliable price information from on-chain markets.The introduction of these features further enhances Sei's efficiency and scalability, making it a more comprehensive blockchain network for providing better services to DEX. <h1 class="PlaygroundEditorTheme__h1">Sei Network Ecosystem Development</h1>The ecological layout has always been a priority for Sei, especially after entering 2023. In January and April, Sei received two ecological investment funds. Among them, the $20 million crypto ecological fund from the cryptocurrency trading platform MEXC, and the $50 million crypto ecological fund from Foresight Ventures and the cryptocurrency exchange Bitget, along with the $50 million investment received in September last year from multiple institutions and market makers such as Multicoin Capital, Delphi Digital, and Hypersphere. As of now, the total size of Sei's ecological fund has soared to $120 million.These ecological investment funds provide Sei with more resources and support, helping Sei further expand its influence and market share in the blockchain sector. The participation of various organizations also reflects a generally positive outlook on the exclusive trading public chain built by Sei.Although Sei's mainnet has not yet launched, its ecosystem has already attracted many well-known projects. To date, Sei Network has gathered more than 150 teams developing projects on its platform, covering areas such as infrastructure, DEX, MEV, cross-chain, NFT, and collateral lending. According to the latest financing report disclosure, Sei Network's ecosystem has 120 cooperative projects. About 70 partner projects are currently disclosed on the official website, focusing on areas such as decentralized exchanges, infrastructure, wallets, and cross-chain bridges. The addition of these projects injects new vitality and momentum into the construction and development of Sei's ecosystem while providing users with more choices and services.Decentralized Exchanges (DEX):Sushiswap: An AMM-based DEX that launched a decentralized perpetual futures exchange on Sei Network in January 2023.Satori: A chain-evolution product protocol built on Polkadot, offering a chain-evolution product protocol on Sei Network.Infrastructure:White Whale: A cross-chain liquidity protocol that provides tools for efficient markets by means of arbitrage, flash loans, and cross-chain liquidity pools, conducting airdrop activities on Sei Network to reward Sei's validators and token holders.Kado: Supports basic setups, allowing Sei users to transfer rules and digital assets using their non-custodial wallets.Wallets:Keplr: A cross-blockchain ecosystem wallet that supports Sei Network tokens and applications.Cosmoscan: Validator node operators and wallet providers offering a Sei Network block explorer.Cross-Chain Bridges:Gravity Bridge: A cross-chain bridge supporting asset and message transfer between Cosmos and Ethereum, providing open access for DeFi projects in the Sei Network ecosystem.Axelar: Provides various services, including multi-chain liquidity pools, enabling cross-chain liquidity to enter Cosmos and making it easier for Sei to access liquidity outside of Cosmos. <h1 class="PlaygroundEditorTheme__h1">Summary</h1>Sei Network, known as the decentralized Nasdaq, aims to create a blockchain focused on DeFi infrastructure. To achieve this goal, Sei introduces various technical applications to improve the trading experience, including modular order matching, Twin-Turbo consensus, parallel order execution, and native price oracles, among other foundational layer features. By working collaboratively with these protocols, systems, and algorithms, Sei provides the optimal infrastructure for trading applications and exchanges. In the fast-paced world of trading and innovative technology, speed, scalability, and affordability are crucial factors. As a high-performance, general-purpose Layer 1 public chain, Sei has become the preferred solution for traders, developers, and gaming communities alike.

Sei Network

Cosmos

Sei Network: the Fastest Layer1 Public Chain on Cosmos?

While I personally don’t think the current model is sustainable in the long run, it is important to know that Friendtech is still in its beta mode.

This week, I will be looking at Friendtech and the SocialFi landscape. Friendtech has been consistently in the top 5 fee generating platforms across the whole crypto ecosystem. Numerous reasons have underpinned, their rise to the top and I will look at the reasons for this growth and if it is sustainable moving forward.1.&nbsp;How Friendtech worksFriend.tech is a social app launched on Base. They have yet to launch a token but have strongly hinted that they will be launching one. Users start by linking their twitter account to the platform that will then give them a creator status. Creators are allowed to mint their own keys for free at the beginning. Other users on the platform can then purchase the creator’s key to gain access to a chatroom with the creator. In the chatroom, all the keyholders can view messages from the creator but are unable to view messages from other key holders. As more users purchase keys of a creator, the key prices will increase per a bonding curve. The price (denominated in ETH) increases every time a new key is minted and decreases every time a key is redeemed based on the slope of the curve (Delphi Digital, 2023).<img class="PlaygroundEditorTheme__image editor-image" src="https://miro.medium.com/v2/resize:fit:1050/1*1TrGrwE4UhLlFZh-tV61gA.png" alt="" width="700" height="148">Key Prices per number of Keys MintedEarly key holders aim to not only gain early access to their favorite creator’s content but also on the potential price appreciation of keys if the creator grows in popularity. This speculation of key prices has led to people developing bots to snipe keys of potentially popular creators at the early end of the bonding curve. Each time a creator’s key is minted or redeemed, a 10% cut is taken away from the proceeds which gets equally split among the creator and the protocol. Content creators have used their chatroom to share crypto alpha among their key holders and are starting to even offer free subscription services to platforms such as Artemis and other data tools.2.&nbsp;Key Trends and Performance MetricsLooking at the daily transactions and protocol fees since launch, Friendtech has shown exponential growth. Despite a couple of weeks of muted activity in the middle, they have been able to achieve around 500K transactions and 1M in fees daily at their peak. While activity has cooled off over the last 2 weeks, the number of transactions and fees have averaged around 200K and 0.5M respectively which is remarkable considering the protocol has just been launched on the 10th of August.<img class="PlaygroundEditorTheme__image editor-image" src="https://miro.medium.com/v2/resize:fit:1050/1*LWlIjPL2qIc1m1QquqZOgg.png" alt="" width="700" height="452">Platform daily transactions since launch<img class="PlaygroundEditorTheme__image editor-image" src="https://miro.medium.com/v2/resize:fit:1050/1*pD-gsFxgo8a8u7-YNYQ4mQ.png" alt="" width="700" height="380">Platform daily fees since launchA look into the number of traders shows a similar trend with the platform boasting a retention rate at an average of 60% since inception. The platform has around 12K daily active traders. These stats put the number of transactions per trader at around 20.8. As of the end of August, active key holders spend over 30min per day using Friendtech. Do note that a lot of these stats may be inflated due to the presence of bots which carry out many transactions in a day to profit from changing key prices.<img class="PlaygroundEditorTheme__image editor-image" src="https://miro.medium.com/v2/resize:fit:1050/1*dM7ELtbvsUHsdZYxB4fG1w.png" alt="" width="700" height="434">Platform daily traders since launch3.&nbsp;Growth DriversThe hype during the launch of Base led to many users exploring Dapps on Base including Friendtech. This coupled with their easy onboarding process via an in-app wallet and linking of twitter accounts, which most crypto users already actively make use off, attracted users. Users who are not familiar with crypto can even onboard with their credit cards. Many crypto influencers with relatively large followings started using the app to test it out especially since it essentially costs them nothing to mint their own keys. This kicked of a flywheel effect where the followers of such users joined the app to be able to chat privately with influencers &gt; more keys purchased &gt; key prices increased &gt; profits for twitter influencers and early followers &gt; more twitter influencers and followers came onboard.Potential airdrop that has been highly anticipated has been another growth driver. We know just how much crypto users love to farm airdrops. Friendtech is running a point system for 6 months during their beta mode where they will be distributing 4M points each week. Points were initially allocated to users who were more active on the platform and engaged in more trades. However, they recently changed the system to reward key holders rather than traders which may explain why activity and fees have come down over the last week. In response many users started buying and holding their own keys to earn points but this has recently been penalized by Friendtech as well. The lure of an airdrop has been used by Friendtech consistently to modify user behavior on their platform. The seed round of investment by Paradigm on August 19 further drove people’s anticipation of a large airdrop.The last growth driver can be attributed to a rise in bot activity. Bots were designed to buy keys are early as possible on the curve and quickly offload them for a profit. The top bot made around 345 ETH and held shares for an average of only 17 minutes (Delphi Digital, 2023). Around 25% of app fees are generated through bot trading.4.&nbsp;Competitor AnalysisThe success of Friendtech has spurred the launch of forks on other chains. The core concept has remained the same with small differences in features. Below is a high-level competitor analysis and interestingly, the one with no airdropped announced has the lowest market share.<img class="PlaygroundEditorTheme__image editor-image" src="https://miro.medium.com/v2/resize:fit:1050/1*HS25FX3WNSAS-hf3fcaDaQ.png" alt="" width="700" height="384">Competitor Analysis in the SocialFi landscape5.&nbsp;Sustainability of ProtocolFor Friendtech to remain sustainable in the long run, it needs to focus on the social aspect more than the finance aspect. Users should use their app to have a personal interaction with influencers / stars, they otherwise would not have access too. Imagine if Taylor Swift holds a private chatroom with her fans where she can release tickets / merchandise earlier to her key holders. Friendtech has the potential to be the bridge between web 2 and web 3 users but it has a long way to go. Let’s examine some issues from the perspectives of different stakeholders.Users / FollowersThe presence of bots has made it more expensive for users to gain access to content creators. Even basic crypto influencers have around 20K followers and most of their keys will be snapped up in minutes. That means most users can only access these chatrooms at a price &gt;$1000 (1 ETH). Is the alpha being shared in such chatrooms so valuable that it’s worth more than $1000. I highly doubt so. This will serve as a barrier to people holding keys of more than one creator. With a tax of 10%, this might further hinder long term user adoption as it makes it harder for users to switch between content creators easily. In addition, holding more than one key serves no other purpose than speculation on prices which is unnecessary.Content CreatorWhile the platform allows influencers to monetize of their followers this might not be sustainable. Imagine the content creator wants to take some profits. The only way he can do so is by dumping his keys which comes at the expense of his key holders and might affect their reputation. The bonding curve mechanism actually makes it harder for content creators to reach out to masses as it just becomes too expense for users who are late to the party.ProtocolThe protocol and content creators earn more fees when users buy and sell a greater number of keys. But if users do that, it means they are not really there for the social aspect of things but more to make money which defeats the purpose of the platform.6.&nbsp;Key metrics to look out forIt will be interesting to see how things pan out post the airdrop. It will give a clearer picture on who is there for the tech and who is there to farm airdrops. I do expect to see transaction volumes and fees fall post the airdrop. In addition, the airdropped token will likely be heavily sold initially given just how anticipated the drop is.Another key metric to look out for is the buy / sell ratio. If this ratio goes below 1 over consecutive weeks, it is a strong indication that users are cashing out and those left holding their keys will likely be “rugged”.<img class="PlaygroundEditorTheme__image editor-image" src="https://miro.medium.com/v2/resize:fit:1050/1*IYibRJOe9UBKBJGaKxqR0g.png" alt="" width="700" height="247">Yellow Line: Daily Keys Buy/Sell Ratio7.&nbsp;ConclusionWhile I personally don’t think the current model is sustainable in the long run, it is important to know that Friendtech is still in its beta mode. I am sure the team is aware of its short comings and will likely launch new features with the guidance of their investors Paradigm. I will be waiting for more details about their token utility and supply sinks to be announced. This will give a better picture on the road ahead.For those interested to know more about Friendtech, do read these articles from Delphi Digital. I learnt a lot from these and I am sure they will add value to your research as well.<a href="https://members.delphidigital.io/reports/came-for-the-tech-stayed-for-the-friends#a-key-driver-of-base-5905" target="_blank" rel="noopener ugc nofollow" class="PlaygroundEditorTheme__link">https://members.delphidigital.io/reports/came-for-the-tech-stayed-for-the-friends#a-key-driver-of-base-5905</a><a href="https://members.delphidigital.io/reports/friend-tech-continues-making-waves#33oors-2309" target="_blank" rel="noopener ugc nofollow" class="PlaygroundEditorTheme__link">https://members.delphidigital.io/reports/friend-tech-continues-making-waves#33oors-2309</a>

Web3.0

Friendtech

The reason for the rise and future of Friendtech: Your network is your net worth

It has already passed 85% of the time since the previous halving in May 2020.

<h3 class="PlaygroundEditorTheme__h3">In Brief</h3><ul class="PlaygroundEditorTheme__ul"><li value="1" class="PlaygroundEditorTheme__listItem">It has already passed 85% of the time since the previous halving in May 2020.</li><li value="2" class="PlaygroundEditorTheme__listItem">The next Bitcoin halving is scheduled for mid-April 2024.</li><li value="3" class="PlaygroundEditorTheme__listItem">76% of BTC supply is held by long-term holders (LTHs) - nearly the all-time high of 2015.</li><li value="4" class="PlaygroundEditorTheme__listItem">PROMO</li></ul>The cryptocurrency market is entering a very interesting phase.&nbsp;<a href="https://beincrypto.com/learn/what-is-bitcoin-halving/" target="_blank" class="PlaygroundEditorTheme__link">Bitcoin halving</a>, which is expected to take place in mid-2024, is an event that is increasingly capturing the imagination of investors. However, if history rhymes, a mature bull market will not begin until next year at the earliest.According to the latest data, Bitcoin halving is already 85% complete. At the same time,&nbsp;<a href="https://beincrypto.com/long-term-btc-holder-pattern-cycles/" target="_blank" class="PlaygroundEditorTheme__link">supply held by long-term holders</a>&nbsp;(LTHs) is close to its all-time high (ATH). In previous cycles, this was a signal of the vicinity of a macro bottom, followed by the early phase of a new cycle.<h2 class="PlaygroundEditorTheme__h2">Supply Held by Long-Term Holders Approaches ATH</h2>The indicator of BTC supply in the hands of long-term holders has historically been a good measure of the health of the cryptocurrency market. Historically, this metric has negatively correlated with the long-term price action of the largest cryptocurrency.Long-term&nbsp;<a href="https://beincrypto.com/learn/the-ultimate-guide-on-the-best-hardware-wallets-in-2020/" target="_blank" class="PlaygroundEditorTheme__link">hodlers</a>&nbsp;keep (HODL) their assets unmoved during market bottoms. Moreover, the largest supply increase in LTH’s hands occurs during violent bear markets (red arrows). This is when investors with strong hands, seeing the price of BTC plummeting, are reluctant to sell. They hold on to their coins because they believe that the cryptocurrency market will bounce back in the future and their investment will prove profitable.In contrast, the opposite is true during an unraveling bull market. The surge in BTC price causes LTHs to become more and more willing to sell their assets at a profit. Historically, during each major bull market, we have witnessed a dramatic drop in supply held by LTHs. Naturally, the coins then move into the hands of short-term holders (STHs), who join the market at a late stage, driven by the desire to make a quick profit.SponsoredSponsoredCryptocurrency analyst&nbsp;<a href="https://twitter.com/therationalroot" target="_blank" rel="nofollow external noopener" class="PlaygroundEditorTheme__link">@therationalroot</a>&nbsp;published a chart of Bitcoin supply in the hands of long-term holders on X. He also superimposed each halving Bitcoin on his drawing. In his chart, we notice first of all the fact that currently, the BTC supply ratio in the hands of LTHs is close to its ATH near 76%. This was set at the end of 2015 when the BTC price ended the accumulation phase before the second halving.<img class="PlaygroundEditorTheme__image editor-image" src="https://s32659.pcdn.co/wp-content/uploads/2023/09/1_Bitcoin_halving_LTH_BTC_supply.jpg.webp" alt="Supply held by Long-Term Holders" width="inherit" height="inherit">BTC Supply held by Long-Term Holders /&nbsp;<a href="https://twitter.com/therationalroot/status/1703480437778141223" target="_blank" rel="nofollow external noopener" class="PlaygroundEditorTheme__link">Source: X</a>We then see that each time, the indicator reached the peak of a given cycle several months before Bitcoin halving (green circles) occurred. Then, after this local peak, the supply in the hands of LTHs gradually declined and headed sideways until several months after the next halving. It wasn’t until about 6 months after this event that there was a strong decline in this metric, and cryptocurrencies entered a mature bull market.<h2 class="PlaygroundEditorTheme__h2">Bitcoin Halving is 85% Complete</h2>The analyst above also published another chart showing Bitcoin’s halving percentage progress. It compares the time periods between the historical halving of the previous 3 cycles.According to @therationalroot, the current Bitcoin halving is already 85% complete. Moreover, the relatively small 15% cycle-end periods were characterized by similar BTC price action sideways. On both occasions – in 2016 and 2020 – the price of the largest cryptocurrency remained similar.SponsoredSponsoredThe difference is that 2 cycles ago, Bitcoin experienced a sideways trend with an upward bias. In the previous cycle, on the other hand, the black swan caused by the COVID-19 crash gave investors an additional opportunity. They could take an attractive position right before the planned halving.<img class="PlaygroundEditorTheme__image editor-image" src="https://s32659.pcdn.co/wp-content/uploads/2023/09/2_Twitter_BTC_halving.png.webp" alt="Bitcoin halving progress" width="inherit" height="inherit">Bitcoin halving /&nbsp;<a href="https://twitter.com/therationalroot/status/1705227041233043494" target="_blank" rel="nofollow external noopener" class="PlaygroundEditorTheme__link">Source: X</a>If history were to repeat itself, then – in the grand scheme of things – the cryptocurrency market could face a roughly one-year sideways trend. Bitcoin halving,&nbsp;<a href="https://buybitcoinworldwide.com/halving/" target="_blank" rel="nofollow external noopener" class="PlaygroundEditorTheme__link">scheduled for mid-April 2024</a>, may not immediately impact the price of BTC. Its effects may become apparent only in the last quarter of 2024 and throughout 2025.This prediction is in line with the trends seen on the chart of supply held by long-term holders. The indicator is currently approaching the ATH. It will also need about 12 months to reverse its trend and move into a distribution phase. When LTHs start selling after Bitcoin halves, it will be one of the first signals of the beginning of a cryptocurrency bull run.

Bitcoin Halving 85% Complete, with Supply Held by Long-Term Holders Close to ATH

Panoramic Observation of the 0xLSD Ecosystem: Creating a comprehensive liquidity ecosystem to fully unleash the potential of cryptocurrency assets.

USDT

Crypto

Panoramic Observation of the 0xLSD Ecosystem

Dissecting past cycles and projecting the narratives & market catalysts ahead of the next Bitcoin Halving

BITCOIN

The Setup for the next Crypto Cycle

Increasing Adoption by TradFi Institutions

In the ever-evolving landscape of finance and investments, one phenomenon has been making waves: Real-World <a href="https://www.blockchainappfactory.com/tokenization-platform-development?utm_source=Backlink&amp;utm_medium=tokenization+platform+development&amp;utm_campaign=Sharuk+S" target="_blank" rel="noopener ugc nofollow" class="PlaygroundEditorTheme__link">Asset tokenization</a>. This groundbreaking innovation has the potential to reshape the way we invest, access assets, and manage portfolios. In this comprehensive article, we will delve deep into the top 5 trends in RWA tokenization for 2023.<h2 class="PlaygroundEditorTheme__h2">Increasing Adoption by TradFi Institutions</h2>The Institutional RevolutionTraditionally, large-scale assets like real estate and government bonds were the domain of institutional investors. However, the emergence of tokenization is democratizing access to these assets. A recent survey by BNY Mellon revealed that a staggering 97% of institutional investors believe that tokenization will revolutionize asset management. With an increasing willingness to pay for enhanced liquidity and faster asset turnover, the trend is clear.One notable example is MAS’ Project Guardian, a collaboration involving JP Morgan, DBS Bank, and SBI Digital Asset Holding. They conducted transactions using liquidity pools on the Polygon blockchain, involving tokenized Singapore and Japanese government securities bonds. German-based Siemens also issued a $63 million digital bond on Polygon, aiming to streamline processes and open new markets.This trend is set to continue as institutional investors seek improved asset liquidity through tokenization.<h2 class="PlaygroundEditorTheme__h2">Growth of Tokenization Platforms and Infrastructure</h2>The Skyrocketing GrowthRWA tokenization is a thriving sector within the blockchain space, poised to become a colossal $16 trillion business opportunity by 2030. This represents a phenomenal growth rate of over 50,000% compared to $310 billion in 2022. Investment giant Citi echoes this sentiment, predicting that blockchain tokenization will outshine traditional financial infrastructure.Moreover, rwa.xyz reports an astonishing 87.4% growth in Total Active Loans Value since the beginning of 2023, reaching an estimated $476 million. These loans offer investors an enticing average annual percentage rate (APR) of 11.96%, significantly higher and more sustainable than typical DeFi protocols.<h2 class="PlaygroundEditorTheme__h2">Expansion of Asset Classes for Tokenization</h2>Diverse OpportunitiesThe tokenization market has expanded rapidly, with various asset classes now available for fractional ownership. Here are some notable up-and-coming RWA protocols:<h2 class="PlaygroundEditorTheme__h2">OpenEden — Unlocking T-Bills</h2>OpenEden provides round-the-clock access to on-chain US T-Bills, managed by a regulated financial institution. Stablecoin holders can mint TBILL tokens via the OpenEden TBILL Vault, offering a nearly 5% annual risk-free rate as of March 2023.<h2 class="PlaygroundEditorTheme__h2">Polytrade — Empowering Invoice Factoring</h2>Polytrade focuses on decentralized trade finance, specifically invoice factoring. This involves purchasing due invoices from suppliers at a discount and profiting from collecting the full invoice amount. The invoices often originate from SMEs but are payable by large corporations like IKEA.<h2 class="PlaygroundEditorTheme__h2">Goldfinch — Collateral with Real-World Assets</h2>Goldfinch introduces a decentralized credit protocol, enabling businesses to access crypto lending without needing crypto collateral. Instead, they use real-world assets as collateral. In just over a year, Goldfinch has reached over $100 million in active loans across 28 countries, benefiting hundreds of thousands of end borrowers.<h2 class="PlaygroundEditorTheme__h2">RealT — Fractionalizing Real Estate</h2>RealT disrupts the real estate market by fractionalizing U.S. properties into RWAs. It replaces traditional paper deeds with digital tokens based on the Ethereum and Gnosis Chain blockchains. Now, you can own a piece of real estate starting at around $50 and receive weekly rental payments.<h2 class="PlaygroundEditorTheme__h2">Increasing Reliance on Oracles</h2>The Critical BridgeOracles play a pivotal role in tokenization by bridging the gap between on-chain and off-chain data. They provide trustworthy and secure data feeds to smart contracts, enabling the execution of tokenized asset terms. A prime example is Chainlink’s Proof of Reserve. Without reliable oracles, smart contracts risk inaccurate and untimely information, potentially leading to financial losses and undermining tokenization’s credibility.According to Defillama, Chainlink commands a 46% market share with 262 protocols under its belt. While this dominance is impressive, it also poses a potential single point of failure in extreme scenarios. Investors should remain vigilant about regulatory and centralization risks that could disrupt the market.<h2 class="PlaygroundEditorTheme__h2">Increasing User Interest on Twitter</h2>The Social BuzzRWA tokenization is not only gaining traction in the financial world but also generating significant interest on social media platforms. Prominent founders and enthusiasts are sharing their insights and opinions on this transformative trend. This increased visibility is indicative of the growing excitement and curiosity surrounding RWA tokenization.Real-World Asset tokenization is on the cusp of revolutionizing the investment landscape. As adoption continues to grow among traditional financial institutions and diverse asset classes become available for tokenization, investors and enthusiasts should keep a close eye on this dynamic and promising sector.<h2 class="PlaygroundEditorTheme__h2">Launch Your Own Asset Tokenization Platform</h2>As you read about the top trends in Real-World Asset (RWA) tokenization for 2023, you might be wondering: How can you get in on this exciting opportunity? The answer is simple — by launching your own&nbsp;<a href="https://www.blockchainappfactory.com/tokenization-platform-development?utm_source=Backlink&amp;utm_medium=tokenization+platform+development&amp;utm_campaign=Sharuk+S" target="_blank" rel="noopener ugc nofollow" class="PlaygroundEditorTheme__link">Asset Tokenization Platform</a>. And to make it a resounding success, you need to partner with the best in the business.<h2 class="PlaygroundEditorTheme__h2">Unlocking the Potential of Asset Tokenization</h2>Before we dive into why you should consider launching your Asset Tokenization Platform, let’s briefly recap why asset tokenization is so crucial.Asset tokenization allows you to convert physical assets like real estate, fine art, or even government bonds into digital tokens on a blockchain. This process democratizes access to traditionally exclusive assets, making them available to a broader range of investors. With RWA tokenization, you open the door to enhanced liquidity, increased efficiency, and a world of new investment opportunities.Now, let’s explore why launching your Asset Tokenization Platform is a strategic move.<h2 class="PlaygroundEditorTheme__h2">The Opportunity of a Lifetime</h2>Tap into a Thriving MarketThe RWA tokenization market is on a meteoric rise, predicted to reach a colossal $16 trillion by 2030. This exponential growth presents a unique window of opportunity. By entering the market now, you position yourself at the forefront of a financial revolution.Institutional investors are already recognizing the potential of asset tokenization, and they are willing to pay a premium for enhanced liquidity and faster asset turnover. By providing a platform for asset tokenization, you can cater to this growing demand while unlocking new revenue streams.<h2 class="PlaygroundEditorTheme__h2">Partnering for Success</h2>Why Go Solo When You Can Partner?Now, here’s the crucial step: Partnering with a top-tier asset tokenization platform development company. Building a robust and secure platform from scratch can be a monumental task. It requires technical expertise, blockchain proficiency, and an in-depth understanding of regulatory compliance.By collaborating with an experienced development company, you gain a competitive edge. These experts bring a wealth of knowledge and a proven track record to the table. They understand the intricacies of blockchain technology, smart contracts, and the importance of secure data handling. This partnership allows you to focus on your business strategy while leaving the technical aspects to the pros.<h2 class="PlaygroundEditorTheme__h2">Key Considerations for Choosing a Partner</h2>What to Look for in a Development CompanyWhen selecting a development partner for your&nbsp;<a href="https://www.blockchainappfactory.com/tokenization-platform-development?utm_source=Backlink&amp;utm_medium=tokenization+platform+development&amp;utm_campaign=Sharuk+S" target="_blank" rel="noopener ugc nofollow" class="PlaygroundEditorTheme__link">Asset Tokenization Platform</a>, consider the following factors:<ol class="PlaygroundEditorTheme__ol1"><li value="1" class="PlaygroundEditorTheme__listItem">Expertise: Ensure they have a strong background in blockchain technology, with a portfolio of successful projects.</li><li value="2" class="PlaygroundEditorTheme__listItem">Regulatory Compliance: Verify that they understand the legal and compliance aspects of tokenization to avoid any regulatory hurdles.</li><li value="3" class="PlaygroundEditorTheme__listItem">Security: Security is paramount in the blockchain space. Your partner should have a robust security protocol in place.</li><li value="4" class="PlaygroundEditorTheme__listItem">Scalability: Your platform should be designed for future growth. A capable partner will ensure scalability to accommodate a growing user base.</li><li value="5" class="PlaygroundEditorTheme__listItem">User Experience: A user-friendly interface is key to attracting and retaining investors. Look for a partner that prioritizes UX design.</li></ol><h2 class="PlaygroundEditorTheme__h2">Your Path to Success</h2>Seize the MomentIn conclusion, the world of Asset Tokenization is brimming with possibilities, and now is the perfect time to launch your own platform. By partnering with a top-notch development company, you can turn your vision into reality while tapping into a thriving market. As the financial landscape evolves, your platform can become a catalyst for change, offering investors unprecedented access to a world of assets.

2023’s Top 5 Trends in Real-World Asset Tokenization

Ordzaar is a permissionless zero-fee Bitcoin Ordinals platform for artists to launch their digital artwork and collections on Ordinals.

6 September 2023&nbsp;–&nbsp;<a href="https://ordzaar.com/" target="_blank" rel="noreferrer" class="PlaygroundEditorTheme__link">Ordzaar</a>, a permissionless zero-fee Bitcoin Ordinals platform, has signed a memorandum of understanding (MOU) with Bali Blockchain Center (BBC), an organization that was established in 2021 by the Denpasar City Government, BKRAF Denpasar, and BALIOLA. BBC's main objective is to develop a safe and secure ecosystem for blockchain and web3 in Indonesia.Through this partnership, the artworks of local Balinese artists will be uploaded onto Ordzaar, where they will be minted into Bitcoin Ordinals. Once added to the Bitcoin blockchain, these artworks will become immutable digital artifacts.Not only does this partnership mark the first instance a government entity has recognized Ordinals as a utility, it will also play a pivotal role in the promotion and commercialization of Balinese art and artworks created by local artists. The aim is to bridge the traditional world of art with the cutting-edge, borderless possibilities offered by Ordinals technology, ultimately expanding the reach and impact of Balinese art on a global scale."The BBC's partnership with Ordzaar is a fusion of creativity and technology. Together, we will work towards preserving and enhancing the cultural heritage of Bali while embracing the exciting possibilities of Ordinals technology, and in doing so, enable local artists to receive the recognition and support they deserve. By transforming Balinese art into Ordinals, these creations will become accessible to a worldwide audience, ensuring that the rich tapestry of Balinese culture continues to flourish and inspire," said&nbsp;IGP Rahman Desyanta, CEO of Bali Blockchain Center.&nbsp;"This partnership represents a significant milestone not only for Ordzaar but also for the broader Bitcoin Ordinals community, as it is the first time a government entity has recognized Ordinals as a utility," said&nbsp;Naqib Noor, Co-Founder and Development Lead of Ordzaar.&nbsp;"This is a huge step forward for the Ordinals community, and we look forward to cultivating more strategic collaborations with local governments as we continue our mission to educate people about the utility and future prospects of Bitcoin Ordinals."###About OrdzaarOrdzaar is a permissionless zero-fee Bitcoin Ordinals platform for artists to launch their digital artwork and collections on Ordinals.&nbsp;A portmanteau of the words "Ordinals" and "Bazaar", Ordzaar's goal is to empower artists and inspire collectors by providing a simple and seamless method to inscribe Ordinals and publish inscriptions. Ordzaar focuses on being trustless, transparent, and secure.&nbsp;

Ordzaar

Ordzaar inks groundbreaking partnership with Bali Blockchain Center to preserve Balinese art through Bitcoin Ordinals

We are on the precipice of what could be the greatest transfer of wealth that has ever happened in human history.

Even the most novice degens know that the only rule that applies to&nbsp;<a href="https://www.entrepreneur.com/money-finance/5-tips-for-using-cryptocurrency-in-your-small-business/426438" target="_self" rel="follow" class="PlaygroundEditorTheme__link">cryptocurrency</a>&nbsp;markets is that there are no rules. Not even the world's brightest minds can outpace the mayhem that is the world of digital assets. One minute, Michael Saylor and Microstrategy could be live on CNBC discussing their latest billion-dollar Bitcoin purchase, and the next,&nbsp;<a href="https://www.entrepreneur.com/growing-a-business/why-jim-cramer-thinks-small-business-owners-can-do-more/397309" target="_self" rel="follow" class="PlaygroundEditorTheme__link">Jim Cramer</a>&nbsp;could be telling America that he'd never touch Bitcoin with a ten-foot pole, only a couple of weeks after calling it digital gold — it's crazy.The market has been rather uninteresting due to asset prices traveling sideways for the better part of this year. Nevertheless, hope in the vision of the Federal Reserve's mythical "soft" landing, combined with the upcoming Bitcoin halving, has the&nbsp;<a href="https://www.entrepreneur.com/en-ae/technology/the-world-of-web3-a-beginners-guide-to-a-space-thats-set/433957" target="_self" rel="follow" class="PlaygroundEditorTheme__link">Web3</a>&nbsp;community salivating at the prospect of many life-changing opportunities that could be within reach soon. With greed in the air, it would be foolish to ignore the difference in the landscape as the market sentiment shifts.Whether it's the likes of BlackRock looking to issue ETFs to commercialize&nbsp;<a href="https://www.entrepreneur.com/topic/cryptocurrency" target="_self" rel="follow" class="PlaygroundEditorTheme__link">crypto</a>&nbsp;exposure, corporate adoption, multiple&nbsp;<a href="https://www.nytimes.com/2021/04/14/business/coinbase-ipo-stock.html" rel="nofollow noopener" class="PlaygroundEditorTheme__link">IPOs</a>, the rise of artificial intelligence or the attempted onslaught of regulation, there hasn't ever been this much discourse around the digital asset class. That's exactly why you need to know three key things to capitalize on what's to come.<h2 class="PlaygroundEditorTheme__h2">1. Dumb money following smart money is still dumb</h2>One of the most common mistakes prospective investors make, regardless of the target market, is outsourcing critical thinking skills instead of developing their own. Most investors would rather follow someone else's investment decisions instead of doing their own analysis.That's not to say that there is anything wrong with seeking the guidance of someone with more experience; however, it's important to remember that finances, goals, and risk appetite vary from person to person. Blindly following anyone's advice, no matter who they are, is a surefire way to make losing trades. Instead, cultivate the ability to ascertain the&nbsp;<a href="https://www.entrepreneur.com/en-in/finance/how-can-one-calculate-the-fair-market-valuation-of-a/300774" target="_self" rel="follow" class="PlaygroundEditorTheme__link">fair market value</a>&nbsp;of an asset so that you can capitalize on whatever arbitrage opportunities exist within a given market.During times of prosperity, it's quite common for novice investors to fall victim to scams. Whether it's a personal security issue gone wrong that leads to a complete loss of funds or being fooled into investing heavily in a meme coin pump-and-dump, it's important to remember that there's no such thing as easy money. Being equipped with the tools to properly evaluate the&nbsp;<a href="https://www.entrepreneur.com/money-finance/angel-investors-may-be-your-startups-key-to-long-term/444050" target="_self" rel="follow" class="PlaygroundEditorTheme__link">viability</a>&nbsp;of an investment on its merit alone is the biggest key to financial freedom.<h2 class="PlaygroundEditorTheme__h2">2. Crypto's tiny!</h2>As I write this article, the crypto market&nbsp;<a href="https://www.entrepreneur.com/en-in/topic/market-capitalization" target="_self" rel="follow" class="PlaygroundEditorTheme__link">capitalization</a>&nbsp;(i.e., the total size) is hovering around $1 trillion. By all accounts, this is an outrageously large number for an asset class still unacknowledged by some of the nation's&nbsp;<a href="https://www.cnbc.com/2022/04/30/warren-buffett-gives-his-most-expansive-explanation-for-why-he-doesnt-believe-in-bitcoin.html" rel="nofollow noopener" class="PlaygroundEditorTheme__link">elite</a>. However, it pales compared to the vast majority of other asset classes. For context, the US stock market cap is about $47 trillion, while Apple ($AAPL) alone, with a market cap of $3 trillion, is roughly 3x larger than the entirety of crypto.Should crypto's mission to update our archaic financial system as well as financially connect the most economically ostracized parts of the world succeed, the potential upside is undeniable. For example, the recent progress we've seen in developing a Bitcoin spot ETF will drastically increase opportunities for the everyday person to gain crypto exposure without having to take on the operational risk of self-custody.There is an astronomical disparity in the global sentiment towards digital assets. Namely, we've seen more liberated financial markets overseas, like the United Emirates or various countries in Latin America, embrace crypto with open arms while many Americans remain emotionally scarred by the narratives that have been weaponized against them to discourage participation.According to a study done by the Pew Research Center, 75% of&nbsp;<a href="https://www.pewresearch.org/short-reads/2023/04/10/majority-of-americans-arent-confident-in-the-safety-and-reliability-of-cryptocurrency/" rel="nofollow noopener" class="PlaygroundEditorTheme__link">Americans</a>&nbsp;are not confident in the safety and reliability of crypto. This stark contrast sets the stage for rapid price swings. It brings to light the potentially misaligned incentives that might've come into play amidst a weakening dollar and ever-changing geopolitical landscape.<h2 class="PlaygroundEditorTheme__h2">3. Utility</h2>Perhaps the most significant change that has occurred over the last market cycle is the influx of use cases that have finally come to fruition. The overwhelming success and adoption of non-fungible tokens (NFTs) in the world of art and ticketing and the likes of Gucci,&nbsp;<a href="https://www.entrepreneur.com/business-news/el-salvador-makes-history-as-first-country-to-adopt-bitcoin/374156" target="_self" rel="follow" class="PlaygroundEditorTheme__link">El-Salvador</a>&nbsp;and the world's most prestigious brands and countries deeming cryptocurrency legitimate currency, Web3 is no longer possible; it's happening.Various breakthroughs in decentralized technologies have largely addressed the initial limitations of many decentralized protocols. The emergence of proof-of-stake and its many derivatives have enabled builders to put&nbsp;<a href="https://www.entrepreneur.com/en-au/technology/decentralized-technologies-in-sectors-of-the-real-economy/361033" target="_self" rel="follow" class="PlaygroundEditorTheme__link">decentralized technologies</a>&nbsp;in the hands of consumers and drastically expand their applications. And while most degens have been of the opinion that the world of distributed ledgers is 'winner takes all,' it now seems that the broader Web3 community is interested in finding ways to build bridges to bolster collaboration, an essential ingredient for mass adoption.<h2 class="PlaygroundEditorTheme__h2">Conclusion</h2>We are on the precipice of what could be the greatest transfer of wealth that has ever happened in human history. The essence of blockchain is to create an equitable world where no one would ever fall victim to the abuse of power.Bitcoin's creator, Satoshi Nakamoto, dreamed about a more financially free world where everyone can participate. And while he could not, in his wildest dreams, envision how it would all play out, he must be happy to see both the financial and lifestyle benefits of his technology becoming reality for so many people worldwide.

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