# Triana: Crypto News, Insights, Stories > The cyber renaissance lives here. Public Ghost content for AI and LLM tooling. This file includes a bounded export of public pages first, then recent public posts. Append `.md` to any post or page URL to get the content in Markdown (for example, `/example-post.md`). ## Pages ### Explore Our Categories URL: https://www.triana.media/tags/ Last updated: 2025-12-29T21:56:37.000Z _No content available._ ### Meet Our Authors URL: https://www.triana.media/authors/ Last updated: 2023-11-09T23:43:43.000Z _No content available._ ### Archive URL: https://www.triana.media/archive/ Last updated: 2025-04-10T22:23:42.000Z _No content available._ ### Newsletters URL: https://www.triana.media/newsletters/ Last updated: 2025-04-10T22:32:51.000Z _No content available._ ## Posts ### Binance Opens Stock Trading to Crypto Users, Bringing 7,000+ U.S. Equities and ETFs Onto the Exchange URL: https://www.triana.media/binance-opens-stock-trading-to-crypto-users-bringing-7-000-u-s-equities-and-etfs-onto-the-exchange/ Last updated: 2026-06-01T18:13:43.000Z [Binance](https://www.triana.media/tag/binance/) is expanding beyond digital assets. The world's largest cryptocurrency exchange [announced today](https://www.binance.com/en/support/announcement/detail/8c8fb6809d9c46789306905327e7567a?ref=triana.media) that users can now trade more than 7,000 U.S.-listed stocks and exchange-traded funds directly from their Binance accounts, marking one of the most significant moves yet toward combining traditional and digital asset markets on a single platform. Users can purchase fractional shares starting at $5, trade stocks 24 hours a day during the five-day trading week, and fund purchases using supported balances already held on Binance, including select stablecoins and BNB. Stock trades will carry zero commission fees, alongside a minimum platform fee of $0.35 per order or 10 basis points on orders above $350. The exchange says the product is designed around changing investor behavior, arguing that users increasingly want exposure to multiple asset classes without maintaining accounts across separate platforms. > "Today's users don't think in silos," Binance wrote in its announcement. "They want access to multiple markets, flexible trading hours, and a platform that fits how they already manage their finances." ## Crypto and Traditional Finance Continue to Converge The launch arrives amid growing convergence between cryptocurrency platforms and traditional financial services. Several major crypto firms have spent the past year expanding beyond digital assets as competition intensifies and regulatory clarity improves across key markets. Earlier this year, for example, Coinbase [announced plans to offer stock and ETF trading](https://www.coinbase.com/blog/coinbase-opens-stock-trading-to-everyone-in-the-us-partners-with-yahoo-finance-to-power-discovery?ref=triana.media) as part of what it described as its "Everything Exchange" strategy, while financial institutions and market infrastructure providers have accelerated efforts to bring traditional assets onchain through tokenization initiatives. The trend has attracted attention from regulators as well. According to recent reporting, the U.S. Securities and Exchange Commission has been evaluating frameworks that could allow crypto companies to facilitate trading of tokenized securities, though questions remain around market structure and investor protections. ## Binance Plans Onchain Version Through bStocks Alongside the stock trading launch, Binance revealed plans to introduce "bStocks," tokenized representations of select U.S. stocks and ETFs. The company says users will eventually be able to convert eligible equity holdings into onchain assets, creating a bridge between traditional securities and blockchain-based ownership infrastructure. Binance noted that bStocks are not direct shares of the underlying companies. Instead, they are tokenized certificates representing exposure to certain financial instruments. Additional details are expected in the coming weeks ahead of the product's official launch. ### The $HYPE Thesis: What Changed in the Past Week URL: https://www.triana.media/the-hype-thesis-what-changed-in-the-past-week/ Last updated: 2026-05-18T16:23:16.000Z Over the past week, three major developments have introduced the need to reevaluate the HYPE thesis, which has traditionally centered around Hyperliquid serving as crypto’s premier perpetual futures venue and a suite of subpoints, including HYPE's buyback system, Hyperliquid leading the revenue meta, new markets going live (like the widely covered silver and oil markets), etc. First, Coinbase and Circle [entered into a landmark arrangement](https://www.triana.media/coinbase-named-official-usdc-treasury-deployer-on-hyperliquid/) with Hyperliquid that sunsets USDH and turns USDC into a protocol-aligned stablecoin under AQAv2, with both firms committing capital to HYPE and sharing reserve yield with the protocol. Second, Bloomberg reported that traditional financial incumbents, including CME Group and the New York Stock Exchange, are [pressing U.S. regulators to scrutinize Hyperliquid](https://www.coindesk.com/markets/2026/05/15/cme-ice-push-u-s-regulators-to-scrutinize-hyperliquid-over-manipulation-risks-bloomberg?ref=triana.media), triggering a short-lived selloff and reigniting debate around regulatory risk. Third, SpaceX pre-IPO price discovery [began happening on Hyperliquid](https://en.cryptonomist.ch/2026/05/18/spacex-pre-ipo-futures-hyperliquid/?ref=triana.media) through a new market launched by [TradeXYZ](https://trade.xyz/?ref=triana.media), pushing the platform deeper into territory historically dominated by traditional financial infrastructure. Together, the events of the past week strengthened the thesis of Hyperliquid becoming the "House of all Finance," with the protocol demonstrating it is evolving into something closer to financial-market infrastructure: a venue for liquidity, price discovery, stablecoin economics, and institutional participation. ## Coinbase, AQAv2, and the End of USDH The most consequential development of the week was Hyperliquid’s agreement with Coinbase and Circle around AQAv2. Under the arrangement, Coinbase becomes the official treasury deployer of USDC on Hyperliquid, while Circle serves as the technical deployer responsible for minting, redemption, and native cross-chain transfers through Cross-Chain Transfer Protocol (CCTP). Both firms are also financially aligning themselves with the ecosystem through HYPE staking. Coinbase reportedly accumulated roughly $25 million worth of HYPE over the past week and staked the position, while Circle is staking approximately 500,000 HYPE and moving toward validator participation. At the same time, [Native Markets](https://nativemarkets.com/?ref=triana.media) is selling the USDH brand assets to Coinbase, effectively sunsetting USDH as an independent quote asset. Instead of competing with USDC, the economic logic behind USDH (protocol alignment through yield sharing) is now being embedded directly into Hyperliquid’s primary stablecoin. Doing so solves one of Hyperliquid's largest friction points. Previously, USDH offered economic alignment with the protocol but lacked the liquidity depth and network effects of an incumbent stablecoin. USDC had liquidity and familiarity, but historically created little direct economic value for Hyperliquid itself. Hyperliquid framed the transition as a response to consistent feedback from users and developers who argued that liquidity fragmentation created unnecessary friction across the ecosystem. Instead of forcing traders, deployers, and market builders to choose between aligned incentives and deeper liquidity, Hyperliquid is consolidating around a single financial rail. As a result, HIP-3 deployers launching new markets no longer need to decide between aligned incentives and liquid markets. Canonical HIP-4 outcome markets are expected to eventually standardize around USDC as their quote asset in a future network upgrade. New users bridging into Hyperliquid will now face less friction, particularly as Circle’s CCTP infrastructure makes USDC movement increasingly native rather than bridge-dependent. Behind the announcement sits the underlying question regarding how the deal came to be: *why would Coinbase and Circle agree to revenue-sharing terms that historically favored stablecoin issuers?* The main factor to consider here is that Hyperliquid negotiated from a position of unusual leverage. Before AQAv2, Hyperliquid already held between roughly $4.7 billion and $5.5 billion in USDC deposits, depending on the measurement period. Those balances generated reserve yield for Circle and Coinbase without meaningful economic participation flowing back to the protocol itself. Estimates suggest the float represented roughly $150 million to $200 million in annualized reserve yield revenue. Through USDH, Hyperliquid demonstrated a willingness to build a protocol-aligned alternative, forcing incumbent issuers to either participate economically or risk losing relevance inside one of crypto’s fastest-growing trading ecosystems. So, it's hard to view the sunsetting of USDH as a failure. Ultimately, its value was in becoming credible enough to create competitive pressure to make a deal like this happen. While other blockchains have had to pay Circle for USDC to become their chain's stablecoin, Hyperliquid got paid for USDC to become its stablecoin. Couldn't ask for a better result there, and it has substantial implications for HYPE. Under AQAv2, Coinbase is expected to share 90% of reserve yield revenue generated through its treasury deployer role with Hyperliquid. Using conservative assumptions, $4.7 billion in USDC at roughly 3.8% reserve yield implies more than $160 million annually flowing back into the protocol. Even more conservative models using short-duration Treasury yields place the figure closer to $150 million to $175 million per year. That translates to roughly $440,000 in incremental daily buy pressure for HYPE, and there's reason to believe those buybacks will be stickier than the ones we've had up to this point. Until now, Hyperliquid revenue was primarily volume-linked, which, of course, rises and falls with volatility, speculation, and market cycles. Stablecoin deposits behave very differently; deposits tend to be stickier than trading activity, meaning a larger share of protocol buybacks could become increasingly resilient during weaker market environments. Data from recent drawdowns, for example, show monthly trading volume on Hyperliquid falling roughly 55% from peak levels, while stablecoin deposits declined [only around 15%](https://x.com/RyanWatkins%5F/status/2055058760117145811?s=20&ref=triana.media). > *"Stablecoin yield is the largest revenue source in the industry next to trading fees and Hyperliquid is now the first blockchain to internalize both." -* [*Ryan Watkins*](https://x.com/RyanWatkins%5F/status/2055058760117145811?s=20&ref=triana.media) In adding stablecoin reserve yield to its business model, we see Hyperliquid now has a substantial TAM in sight. Centralized exchanges such as Binance, OKX, and Bybit collectively hold roughly $80 billion in stablecoin balances, compared with Hyperliquid’s current roughly $5 billion base. Even modest market share gains will be meaningful for HYPE buybacks if Hyperliquid continues capturing both trading revenue and deposit yield simultaneously. On the day of the announcement, HYPE gained roughly $2.2 billion in market capitalization (approximately 570 million tokens multiplied by a roughly $4 increase in price). Some investors [argued](https://x.com/jdorman81/status/2054981221353247154?s=20&ref=triana.media) the market effectively assigned a \~15x multiple to the newly introduced AQAv2 income stream, while Hyperliquid, as a broader business, still traded closer to \~27x revenue multiples. By comparison, CRCL trades near \~30x earnings despite now sharing a portion of what had previously been fully captured reserve income. ## Hyperliquid Regulation: Risk or Validation? Only a day after Hyperliquid announced the USDC deal, according to a Bloomberg report [circulated by Zoomer](https://x.com/zoomerfied/status/2055268139617624382?s=20&ref=triana.media), traditional financial incumbents, including CME Group and the New York Stock Exchange, have been pressing U.S. regulators to scrutinize Hyperliquid, allegedly due to concerns around market manipulation and sanctions evasion as the platform continues to grow. HYPE sold off roughly 10% following the headline. And that's no surprise; one of Hyperliquid's core bear cases has long been centered around U.S. regulatory risk. But before you embrace that thinking, it's important to first consider that the news serves as quite the point of validation for Hyperliquid, effectively confirming that incumbent exchanges have recognized that protocol is systemically relevant enough to influence adjacent financial markets. Missed from the news headline were several points from the article that support this notion: - "Michael Selig, chairman of the CFTC, said at a conference in early May that Hyperliquid could 'end up influencing the spot market price or the futures market price on our registered platforms.'” - "Several traders told Bloomberg they watch weekend trading on Hyperliquid for cues on where prices may open" - "Don Wilson, the founder of DRW, a Chicago-based high-speed trading firm with more than 2,000 employees, said in an interview that his firm transacts on Hyperliquid through employees based abroad. He said that its growth will likely force the exchanges to change their business models." - "While the traditional exchanges have been raising concerns about Hyperliquid, US officials are also investigating suspicious activity on their platforms. The CFTC is probing well-timed trades in oil futures on CME and ICE’s platforms," The main takeaway from the news should be that Hyperliquid is no longer competing solely with crypto-native venues. Through HIP-3 and its growing ambitions around non-crypto assets, it increasingly overlaps with the business models of incumbent financial exchanges. CME and NYSE, for example, collectively command valuations exceeding $250 billion and generate substantial revenue from products that resemble what Hyperliquid is increasingly attempting to bring onchain: equity derivatives, energy futures, commodities, and index-linked products. It's also important to consider the benefits that regulation could bring Hyperliquid. Today, institutional participants face compliance restrictions that make direct interaction with Hyperliquid difficult or impossible. Even firms interested in the platform’s liquidity and execution advantages often cannot engage due to regulatory uncertainty. A clearer legal framework could change that. Rather than reducing demand, regulation could expand Hyperliquid’s addressable market by opening the door to institutional capital that currently sits on the sidelines. Yes, regulation would likely result in losing some speculative retail flow (that prefers non-KYC trading), but make up for it by unlocking significantly larger pools of institutional volume. The Hyperliquid Policy Center, led by [Jake Chervinsky](https://x.com/jchervinsky?ref=triana.media), issued [a response](https://x.com/HyperliquidPC/status/2055306265589354823?s=20&ref=triana.media) to the criticism shortly after the article circulated. The organization rejected concerns around manipulation and sanctions risk, arguing that Hyperliquid’s fully transparent, onchain design makes it uniquely resistant to abusive market behavior. > “Hyperliquid offers enhanced market transparency, publishing a complete onchain record of every transaction in real time, making it a uniquely hostile environment for insider trading or price manipulation,” the Policy Center said. With Hyperliquid looking to continue its work in Washington, the timing of the USDC deal becomes very interesting. Coinbase, arguably crypto’s most influential political actor in Washington, just became financially aligned with Hyperliquid, changing how HYPE's regulatory risk should be viewed. The question should now shift from *“Will regulators target Hyperliquid?” (of course they would, this was inevitable) to “What happens when some of crypto’s most regulation-aware institutions are financially aligned with Hyperliquid’s success and can support their lobbying efforts?”* ## SpaceX Price Discovery on Hyperliquid and the Expansion of Onchain Markets On Sunday, TradeXYZ [launched a pre-IPO SpaceX market on Hyperliquid](https://unchainedcrypto.com/spacex-pre-ipo-perpetuals-go-live-on-hyperliquid-as-price-discovery-moves-onchain/?ref=triana.media), giving traders a venue to speculate on the valuation of what could be the world's largest-ever IPO before shares officially list on a traditional exchange. The contract, trading under the ticker SPCX-USDC, launched around 5:16 a.m. UTC with a $150 reference price, based on SpaceX’s reported 11.87 billion fully diluted shares, implying an initial valuation of roughly $1.78 trillion. That sits near the lower end of reports suggesting SpaceX is targeting a valuation between $1.75 trillion and $2 trillion ahead of a Nasdaq listing expected as early as June 12. TradeXYZ's SPCX-USDC does not provide ownership of underlying equity or access to IPO shares. In practice, the contract functions more like a continuous derivatives market reflecting expectations around where SpaceX may ultimately price when public markets open. Because no official market price exists yet, TradeXYZ uses an internal pricing mechanism at launch before transitioning to an oracle system that relies on a 30-minute exponentially weighted moving average (EWMA) derived from market-impact prices. The system also includes “Discovery Bounds,” designed to dampen extreme volatility while still allowing continuous repricing as new information enters the market. The result resembles something closer to a real-time forecasting market for valuation than a synthetic stock product. Within hours of launch, SPCX surged to roughly $216, briefly implying a valuation above $2.5 trillion, before stabilizing closer to $203\. First-hour trading volume reached approximately $11.5 million, while open interest climbed above $12 million. HYPE rallied roughly 7% following the SPCX launch, outperforming Bitcoin and many major crypto assets despite a broadly weaker market. *So, why's this actually important?* Historically, price discovery for private companies approaching IPO has been fragmented, opaque, and largely inaccessible to the public. Institutional investors, private secondary markets, and closed-door negotiations often shape expectations long before broader participation becomes possible. Hyperliquid introduces a competing idea that price discovery can begin before traditional infrastructure even opens, which we've also seen play out previously with [oil trading on weekends](https://www.wsj.com/finance/commodities-futures/oil-futures-perpetual-contracts-d5496e5a?ref=triana.media) during the Iran conflict. The bottom line is that price discovery for several of the world's most important and followed assets is happening on Hyperliquid, and increasingly (as we know from the regulatory story), Wall Street is taking note. ## What Changed in the $HYPE Thesis? Together, our stories suggest that the commonly-understood thesis for HYPE is incomplete; it's time for recalibration. The USDC deal demonstrated Hyperliquid deepening its financial infrastructure through AQAv2, stablecoin economics, and alignment with Coinbase and Circle. Our newfound regulatory scrutiny story showed traditional incumbents publicly acknowledging Hyperliquid’s legitimacy, and SpaceX price discovery represents the other two converging, as we now have one of the most anticipated IPOs ever is now seeing continuous valuation discovery happen on Hyperliquid, using USDC as the dominant quote asset inside an ecosystem that is simultaneously becoming more institutionally aligned and more politically defended. Overall, if the events of the past week are any indication, the investment thesis for HYPE should no longer center around whether Hyperliquid can become the dominant onchain exchange. It's time to dream bigger. Can Hyperliquid become a foundational layer for how financial markets operate onchain? Can it be the premier venue for liquidity, price discovery, and the pricing of the world's most important assets? Can it become The House of All Finance? ### Coinbase Named Official USDC Treasury Deployer on Hyperliquid URL: https://www.triana.media/coinbase-named-official-usdc-treasury-deployer-on-hyperliquid/ Last updated: 2026-05-15T01:43:04.000Z Coinbase is [expanding its support for Hyperliquid](https://x.com/HyperliquidX/status/2054895699498619143?s=20&ref=triana.media) by becoming the platform’s official treasury deployer for USDC, formalizing a deeper integration around the stablecoin as the network prepares to activate its upgraded Aligned Quote Asset framework, AQAv2. The collaboration positions USDC as Hyperliquid's increasingly central collateral and quote asset across onchain trading activity. Under the arrangement, Coinbase will oversee treasury operations tied to USDC on Hyperliquid, while Circle will serve as the technical deployer responsible for minting, redemption, and native crosschain transfers through its Cross-Chain Transfer Protocol, or CCTP. Both Coinbase and Circle have also committed to staking HYPE tokens to activate AQAv2, further aligning the stablecoin infrastructure with the broader Hyperliquid ecosystem. The move comes as USDC supply on Hyperliquid has grown to roughly $5 billion, approximately doubling year over year. Coinbase said the stablecoin has served as the leading dollar asset on Hyperliquid since the network launched in 2023, with growing adoption driven by the always-on nature of onchain markets, which require collateral that is continuously available, deeply liquid, and instantly transferable. AQAv2 also marks the beginning of a transition away from USDH, Hyperliquid’s native stablecoin launched by Native Markets in 2025\. As part of the migration, Native Markets has agreed to terms granting Coinbase the right to acquire USDH brand assets, while USDH markets will remain operational during a phased sunset period. Hyperliquid said users will continue to have access to feeless conversions between USDH, USDC, and fiat during the transition, with the Hyper Foundation planning grants for builders, deployers, and teams that previously integrated USDH products. The shift follows what Hyperliquid described as consistent feedback from users and developers that liquidity fragmentation created unnecessary friction across the ecosystem. By consolidating liquidity around USDC while preserving protocol alignment through AQAv2, the network aims to reduce the need to choose between liquidity depth and ecosystem incentives. A key component of the arrangement is revenue sharing. According to Hyperliquid, Coinbase will share the majority of reserve yield revenue generated through its treasury deployer role with the protocol, creating a new source of ecosystem funding tied directly to stablecoin growth. The transition is also expected to shape future market infrastructure on Hyperliquid. The protocol said canonical outcome markets built through HIP-4 will eventually adopt USDC as their quote asset in a future network upgrade. Hyperliquid framed AQAv2 as an evolution of ideas pioneered by USDH, which it described as the first production-scale stablecoin to share yield directly with a protocol through a fully onchain implementation. While USDH will sunset over time, the mechanics introduced through the product are expected to remain embedded within the upgraded framework. ### Binance Draws More Than 680,000 Viewers for First Binance Online Summit URL: https://www.triana.media/binance-draws-more-than-680-000-viewers-for-first-binance-online-summit/ Last updated: 2026-05-15T01:23:31.000Z Binance hosted its first global virtual summit, [Binance Online](https://www.binance.com/en/square/audio/replay?id=39715484101961&ref=triana.media) 2026, on Tuesday, drawing more than 680,000 livestream viewers for discussions centered on crypto regulation, stablecoins, tokenization, and the next phase of digital asset adoption. The event brought together senior Binance leadership alongside executives, investors, and ecosystem participants from across crypto and traditional finance. Speakers included former Binance CEO Changpeng Zhao, co-CEOs Richard Teng and Yi He, as well as Brad Garlinghouse, Lily Liu, Chamath Palihapitiya, Anthony Pompliano, and executives from firms including BlackRock. A recurring theme throughout the summit was crypto’s path from early adoption toward broader financial infrastructure. Binance executives framed the company’s long-term ambition around helping grow crypto participation from roughly 300 million users to 3 billion, while discussions focused on how stablecoins, tokenized real-world assets, and regulatory clarity may accelerate that transition. Stablecoins emerged as a particularly prominent topic across multiple panels, with speakers describing them as a foundational layer for payments and financial access. During a session featuring Ripple and the Solana ecosystem, panelists discussed the growing role of blockchain-based settlement infrastructure and how clearer regulation could expand adoption among institutions and mainstream users. The summit also highlighted growing overlap between crypto, artificial intelligence, and real-world infrastructure. In one panel, CZ, Chamath Palihapitiya, and Anthony Pompliano discussed investment themes ranging from compute and energy infrastructure to robotics, tokenized assets, and digital payments. Toward the close of the event, executives from Binance and BlackRock discussed tokenization and the future of capital markets, pointing to increasing demand for financial products that can move between traditional investment systems and blockchain-native environments. Binance said the livestream generated nearly 65,000 chat responses during the event, underscoring broad community engagement around the discussions. The company also said proceeds from the summit will be donated to blockchain education initiatives, including programs at the University of Zurich and a technology academy in Kyrgyzstan. Separately, Binance announced plans to delist five tokens, ATA, FARM, MLN, PHB, and SYS, from spot trading pairs beginning May 27, citing low liquidity and trading activity. ### US Senate Banking Committee Advances Digital Asset Market Clarity Act URL: https://www.triana.media/us-senate-banking-committee-advances-digital-asset-market-clarity-act/ Last updated: 2026-05-15T01:18:41.000Z The United States Senate Committee on Banking, Housing, and Urban Affairs voted 15-9 on Thursday to [advance the Digital Asset Market Clarity Act](https://www.reuters.com/legal/transactional/us-senate-committee-weigh-crypto-bill-milestone-digital-assets-2026-05-14/?ref=triana.media), moving forward one of the most consequential crypto market structure bills in recent years. The legislation, commonly referred to as the Clarity Act, seeks to establish clearer regulatory oversight for digital assets by defining jurisdictional boundaries between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission, while also introducing new standards for stablecoin issuance and issuer activity. The committee vote received support from all Republican members and two Democrats, including Ruben Gallego and Angela Alsobrooks, a sign that bipartisan momentum around digital asset regulation may be strengthening even as negotiations remain ongoing. Both senators, however, indicated that support at the committee level does not guarantee a yes vote if the bill reaches the Senate floor. The Clarity Act builds on the stablecoin-focused framework introduced through last year’s GENIUS Act, expanding into broader market structure rules intended to clarify how digital assets are categorized and regulated in the United States. For crypto firms, one of the bill’s core benefits is legal certainty around whether tokens fall under securities law, commodities oversight, or other regulatory categories. Stablecoins [emerged as one of the more closely watched issues](https://lorenzo-protocol.ghost.io/senate-revives-long-stalled-clarity-act-bill/?ref=triana.media) during committee discussions. Banking groups, including the American Bankers Association, have pushed lawmakers to tighten language around issuer rewards programs, arguing that yield-bearing stablecoins could compete directly with traditional bank deposits. Crypto advocates, meanwhile, view yield mechanisms as an important feature for broader adoption and competitiveness. Debate over the bill also extended to anti-money laundering provisions and political conflicts of interest. Some Democratic lawmakers argued the legislation should place stronger restrictions on elected officials benefiting from crypto ventures and include stricter safeguards for financial crime prevention. During Thursday’s hearing, a proposed Democratic amendment tied to stablecoin yield provisions was ultimately rejected. Committee Chairman Tim Scott said the legislation is intended to establish a workable regulatory framework for digital assets without favoring either traditional finance or emerging technology. The bill will now move to the full Senate, where lawmakers face increasing pressure to act before the congressional calendar tightens later this year. The push comes as stablecoin adoption continues accelerating, with total market capitalization surpassing $323 billion this week. Supporters argue federal clarity is increasingly necessary as digital assets become more integrated into payments, trading infrastructure, and financial markets. ### U.S. Soldier Charged With Using Classified Intel to Win $400K on Polymarket URL: https://www.triana.media/u-s-soldier-charged-with-using-classified-intel-to-win-400k-on-polymarket/ Last updated: 2026-04-24T15:36:42.000Z A U.S. Army Special Forces soldier has been charged with using classified information about a military operation to place highly profitable bets on the crypto prediction platform Polymarket, marking what prosecutors say is a first-of-its-kind insider trading case tied to event-based markets. Federal authorities allege that Gannon Ken Van Dyke used nonpublic intelligence related to a U.S. operation targeting Venezuelan President Nicolás Maduro to place a series of wagers in late December 2025 and early January 2026\. The bets focused on whether U.S. forces would take action in Venezuela and whether Maduro would be removed from power. According to the U.S. Department of Justice, Van Dyke wagered approximately $33,000 across 13 bets, primarily backing “YES” outcomes tied to military intervention scenarios. Prosecutors say those positions turned into roughly $400,000 in profits after U.S. forces conducted a raid in Caracas on Jan. 3 and captured Maduro and his wife. Van Dyke now faces multiple charges, including wire fraud, commodities fraud, theft of government information, and unlawful use of confidential information for personal gain. Authorities allege he attempted to conceal his activity by transferring winnings through cryptocurrency accounts and into a newly created brokerage account. The case is believed to be the first instance in which federal prosecutors have pursued insider trading charges tied specifically to prediction market activity. Officials say it underscores that existing laws governing misuse of confidential information apply regardless of whether trades occur on traditional financial markets or emerging crypto platforms. > “Prediction markets are not a haven for using misappropriated confidential or classified information for personal gain,” said Jay Clayton, whose office is handling the case. Polymarket said it identified the suspicious trading activity and referred the matter to authorities. The platform added that it has recently strengthened its market integrity rules to address insider trading risks and cooperated fully with investigators. The incident has drawn broader attention to the regulatory gray areas surrounding prediction markets, which allow users to bet on real-world events ranging from elections to geopolitical developments. As these platforms grow, policymakers have increasingly raised concerns about the potential for government officials or insiders to exploit privileged information. Kash Patel described the case as a breach of trust, saying the soldier “allegedly took advantage of his position to profit off of a righteous military operation.” The situation has also prompted political reactions. President Donald Trump expressed skepticism toward prediction markets more broadly, describing the modern landscape as resembling “a casino,” while noting he was not fully briefed on the case. At the same time, the controversy highlights growing overlap between crypto platforms and traditional financial enforcement frameworks. With prediction markets gaining traction, regulators may face increasing pressure to clarify rules around participation, disclosure, and insider activity, particularly for individuals with access to sensitive or classified information. ### Tether Freezes $344M in USDT Tied to Illicit Activity, Expands Law Enforcement Efforts URL: https://www.triana.media/tether-freezes-344m-in-usdt-tied-to-illicit-activity-expands-law-enforcement-efforts/ Last updated: 2026-04-24T15:31:51.000Z Tether has frozen $344 million in its USDT stablecoin linked to illicit activity, marking one of the largest single enforcement actions by the company to date. The [announcement](https://tether.io/news/tether-supports-freeze-of-more-than-344-million-in-usdt-in-coordination-with-ofac-and-u-s-law-enforcement/?ref=triana.media), made April 23, follows information shared by U.S. authorities regarding wallets associated with unlawful conduct. Tether said it acted by restricting the flagged addresses, preventing them from sending or receiving funds. > “When wallets are identified as connected to sanctions evasion, criminal networks, or other illicit activity, Tether can move to restrict those assets,” the company said in a statement, describing the process as a routine part of its cooperation with law enforcement agencies globally. Tether’s flagship asset, USDT, is the largest stablecoin by trading volume, and the company emphasized that its scale allows it to play an active role in monitoring and responding to suspicious activity. According to the firm, it has supported more than 2,300 law enforcement cases worldwide, contributing to the freezing of over $4.4 billion in assets. CEO [Paolo Ardoino](https://www.linkedin.com/in/prdn/?ref=triana.media) said the latest action reinforces the company’s stance that stablecoins are not a safe haven for bad actors. > “USDT is not a safe haven for illicit activity,” Ardoino said. “When credible links to sanctioned entities or criminal networks are identified, we act immediately and decisively.” The company argues that public blockchains provide a key advantage over traditional financial systems by offering transparency. Transactions can be traced in real time, allowing investigators to identify suspicious flows and enabling issuers like Tether to intervene directly at the token level. The freeze comes amid heightened scrutiny of security across the crypto ecosystem. Recent incidents, including the [exploit of Kelp DAO](https://www.dlnews.com/articles/defi/kelp-dao-exploit-triggers-crisis-of-confidence-in-defi/?ref=triana.media), have highlighted evolving attack vectors that target smart contracts and cross-chain infrastructure and messaging layers. At the same time, Tether has taken a more active role in stabilizing parts of the market following breaches. The company recently [committed $147 million to support the recovery of Drift Protocol](https://www.coindesk.com/business/2026/04/16/drift-gets-usd148-million-funding-from-tether-and-partners-as-it-replaces-circle-stablecoin-with-usdt-after-massive-exploit?ref=triana.media) after a separate exploit, with plans for the platform to adopt USDT as its settlement layer. ### 100+ Crypto Firms Urge Senate to Advance Clarity Act, Warn of Innovation Moving Offshore URL: https://www.triana.media/100-crypto-firms-urge-senate-to-advance-clarity-act-warn-of-innovation-moving-offshore/ Last updated: 2026-04-24T15:25:22.000Z More than 100 cryptocurrency companies and industry groups are pressing the U.S. Senate to advance long-delayed digital asset legislation, warning that continued inaction could push innovation, capital, and talent offshore. In a joint letter sent April 23 to leaders of the Senate Banking Committee, the coalition argued that regulatory action through agencies like the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission cannot substitute for clear, durable legislation. Without congressional action, the group said, the industry risks a return to what it describes as “regulation by enforcement,” a period marked by lawsuits and inconsistent oversight. The letter was organized by the Crypto Council for Innovation and the Blockchain Association, and signed by major firms including Coinbase, Ripple, Kraken, and Circle. The signatories span exchanges, infrastructure providers, venture firms, and academic organizations, reflecting broad alignment across the digital asset ecosystem. At the center of the push is the proposed “Clarity Act,” a market structure bill designed to establish a comprehensive federal framework for digital assets. A key provision would formally distinguish between digital commodities and securities, assigning oversight responsibilities between the CFTC and SEC. Industry participants argue that this distinction is critical for exchanges, custodians, and banks seeking to operate within defined legal boundaries. Beyond jurisdictional clarity, the coalition outlined several priorities for lawmakers. These include protecting developers who build non-custodial tools, preserving consumer rewards tied to payment stablecoins, and implementing disclosure requirements tailored to blockchain-based assets. The letter also calls for a unified federal standard to avoid a fragmented, state-by-state regulatory approach. Treasury Secretary Scott Bessent reinforced the stakes during a recent Senate hearing, framing digital asset regulation as both an economic and national security priority. He urged lawmakers to act, citing the need to maintain U.S. financial leadership and the dollar’s global role. Despite bipartisan groundwork already laid in Congress, the Senate Banking Committee has yet to schedule a markup of the bill. Until then, the industry remains in a holding pattern, awaiting clarity on rules that could shape the next phase of financial infrastructure in the United States. ### Morgan Stanley Launches Bitcoin ETF, Undercuts Rivals on Fees URL: https://www.triana.media/morgan-stanley-launches-bitcoin-etf-undercuts-rivals-on-fees/ Last updated: 2026-04-09T00:07:18.000Z Morgan Stanley Investment Management has [launched a spot bitcoin exchange-traded product](https://www.morganstanley.com/press-releases/msim-enters-with-launch-of-morgan-stanley-bitcoin-trust?ref=triana.media), marking the first time a U.S. bank-affiliated asset manager has brought a crypto ETP to market under its own brand. The fund, called the Morgan Stanley Bitcoin Trust (MSBT), began trading April 8 on NYSE Arca. It is designed to track the price of bitcoin using the CoinDesk Bitcoin Benchmark 4 p.m. New York settlement rate. The launch positions Morgan Stanley as a direct competitor to existing spot bitcoin ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT), which has dominated the category since its debut in early 2024\. Coinbase and BNY Mellon have been selected to provide digital asset custody, while BNY Mellon also serves as administrator, transfer agent, and provider of accounting and cash management services. ## Fee Compression And A New Competitive Phase MSBT enters the market with a sponsor fee of 0.14%, undercutting IBIT’s 0.25% and setting a new low among spot bitcoin ETFs. Because these funds offer near-identical exposure to bitcoin’s price, competition has increasingly shifted toward cost, liquidity, and distribution. Morgan Stanley’s pricing signals that fee compression may accelerate as issuers compete for inflows in a maturing ETF market. Spot bitcoin ETFs have already attracted tens of billions of dollars in assets, with IBIT alone holding roughly $55 billion. However, Morgan Stanley’s entry introduces a different dynamic that could reshape how capital flows into the sector. ## Distribution Advantage Through Advisory Networks Unlike early ETF inflows driven largely by self-directed investors, MSBT is positioned to benefit from Morgan Stanley’s vast wealth management infrastructure. The firm oversees more than $6 trillion in client assets and operates a global network of financial advisors. Those advisors can allocate to MSBT directly within internal platforms, potentially unlocking demand from investors who have not yet accessed bitcoin exposure. Morgan Stanley has previously allowed advisors to allocate up to 4% of client portfolios to bitcoin, depending on risk tolerance. The introduction of a house-branded ETF may lower friction in those recommendations. ## Expanding Strategy And What Comes Next The launch of MSBT reflects Morgan Stanley’s broader push into digital assets, as the firm builds out custody, trading, and product capabilities to meet rising client demand through regulated investment vehicles. It also marks a shift in how major banks approach crypto, moving from distributing third-party products to developing in-house offerings integrated into their own platforms. Despite the added competition, BlackRock’s IBIT remains dominant due to its deep liquidity and established trading activity. Still, the market is entering a new phase where pricing, distribution, and advisor access may matter more than first-mover advantage. Early inflows into MSBT will be closely watched to determine whether Morgan Stanley’s network can translate into sustained demand. ### Franklin Templeton Launches ‘Franklin Crypto’ With Acquisition of 250 Digital URL: https://www.triana.media/franklin-templeton-launches-franklin-crypto-with-acquisition-of-250-digital/ Last updated: 2026-04-01T15:37:31.000Z Franklin Templeton is expanding its push into digital assets with the [launch of Franklin Crypto](https://investors.franklinresources.com/news-center/press-releases/press-release-details/2026/Franklin-Templeton-Agrees-to-Acquire-Liquid-Strategies-from-CoinFund-Spinoff-Launches-Franklin-Crypto/default.aspx?ref=triana.media), a new institutional-grade investment unit formed alongside its planned acquisition of 250 Digital. The deal brings over the investment team and liquid cryptocurrency strategies previously managed under CoinFund, further consolidating Franklin Templeton’s growing digital asset platform. Industry veterans Christopher Perkins and Seth Ginns will co-lead the new division alongside Tony Pecore. The unit will report to Sandy Kaul and focus on delivering actively managed crypto strategies for institutional clients. ## Building an Institutional Crypto Platform Franklin Templeton has been steadily expanding its digital asset footprint since entering the space in 2018\. The firm now manages roughly $1.7 trillion in assets globally and was among the asset managers that launched spot bitcoin ETFs in the U.S. in 2024. With Franklin Crypto, the firm is formalizing its efforts into a dedicated unit designed to serve pensions, sovereign wealth funds, and other large allocators seeking structured exposure to digital assets. > “This is an exciting addition for Franklin Templeton,” said Jenny Johnson. “Their investment talent and differentiated strategies strengthen our capabilities in digital assets and position us among a select group of global asset managers with a dedicated, institutional-grade crypto investment management unit.” Perkins framed the launch as part of a broader shift in institutional sentiment toward crypto. > “Crypto’s institutional moment has arrived,” he said, adding that the goal is to deliver products that meet the increasingly sophisticated needs of global clients. ## Timing the Market Cycle The move comes amid a prolonged drawdown in crypto markets following late-2025 highs. Bitcoin has fallen sharply from its peak, and the broader digital asset market has seen significant contraction. Rather than deterring institutional entrants, the downturn appears to be accelerating strategic positioning. According to Kaul, market conditions helped catalyze the timing of the acquisition, creating an opportunity to attract top talent and build long-term infrastructure while valuations remain compressed. The current cycle has also differed from prior downturns. While the 2022 crash was marked by high-profile failures across lenders and exchanges, the recent correction has been more orderly, with fewer systemic disruptions. ## Bringing M&A Onchain One of the more notable elements of the transaction is its structure. Franklin Templeton indicated that the deal will incorporate tokenized registered securities into its settlement process, marking a step toward conducting elements of mergers and acquisitions on blockchain infrastructure. Specifically, the firm plans to use its tokenized money market fund, Franklin OnChain U.S. Government Money Fund (FOBXX), also known as BENJI, as part of the transaction consideration. The fund, launched in 2021, is widely regarded as the first U.S.-registered mutual fund to use blockchain technology to process transactions and record ownership. ## A Broader Institutional Shift Franklin Templeton’s expansion reflects a wider trend across traditional finance, where firms are increasingly building dedicated crypto divisions rather than treating digital assets as an experimental side strategy. Perkins noted that institutional attitudes have shifted materially in recent years. > “Institutions of all flavors, there used to be reputational risk for them being in this space,” he said. “Now they have reputational risk for not being in the space.” The transaction is expected to close in the second quarter of 2026, pending customary approvals and conditions. ### Aave V4 Goes Live on Ethereum, Introducing Unified Liquidity Architecture URL: https://www.triana.media/aave-v4-goes-live-on-ethereum-introducing-unified-liquidity-architecture/ Last updated: 2026-03-30T19:39:40.000Z Aave has [launched V4 on Ethereum mainnet](https://aave.com/blog/aave-v4-live-ethereum?ref=triana.media), marking a major architectural upgrade for one of DeFi’s largest lending protocols. The release introduces a redesigned system built around unified liquidity, allowing multiple lending markets to operate independently while drawing from a shared pool of capital. The upgrade is designed to expand Aave’s reach beyond crypto-native use cases and into institutional credit, structured finance, and real-world asset (RWA) lending. ## A New Model for Onchain Lending At the core of Aave V4 is its hub-and-spoke architecture. Liquidity is concentrated in centralized “Hubs,” while individual “Spokes” define separate borrowing environments with their own collateral types, risk parameters, and liquidation logic. When users supply assets, their capital flows into a shared hub, where it becomes accessible across all connected markets. This structure allows new lending markets to launch without needing to bootstrap liquidity from scratch, a longstanding limitation in DeFi. Builders can create specialized environments (ranging from conservative institutional markets to more complex DeFi-native strategies) while still tapping into Aave’s existing capital base. The model also introduces explicit credit lines between hubs and spokes, limiting exposure and enabling more granular risk management across different use cases. ## Expanding the Scope of DeFi Credit Aave V4 is designed to support a broader range of financial products than previous versions. These include fixed-rate lending, structured credit products, and borrowing against custodial or tokenized real-world assets. The architecture also enables support for non-standard collateral types, such as LP positions and other yield-bearing assets, without fragmenting liquidity. In an interview following the launch, Aave founder Stani Kulechov emphasized this transition: > “Now what we want to focus is on the borrow side, creating significant borrow demand by using the onchain liquidity and channeling that back into the real economy.” ## Security-First Deployment and Gradual Rollout Despite the scale of the upgrade, Aave V4 is launching with a deliberately conservative configuration. The protocol begins with a limited set of liquidity hubs, each with defined risk profiles, and capped supply and borrowing limits. Governance is expected to expand these parameters over time as real-world usage and market behavior are observed. Aave Labs emphasized a security-first approach throughout development, with V4 undergoing extensive audits, formal verification, and months of testing before deployment. The rollout also introduces Aave Pro, a new interface designed to surface the protocol’s more complex architecture in a unified, user-friendly view. ## Positioning for Institutional and Real-World Adoption The launch of V4 comes as DeFi increasingly intersects with traditional finance. Aave’s new architecture is built to accommodate institution-specific lending environments, where risk, compliance, and collateral requirements can be tailored to different participants. This includes the ability to support tokenized assets, structured lending strategies, and credit markets that extend beyond purely onchain activity. While DeFi has grown significantly over the past several years, Aave notes that it still represents a small fraction of global financial markets, leaving substantial room for expansion. V4 positions Aave to capture that opportunity by transforming its liquidity base into a more flexible, programmable system capable of serving a wider range of borrowers. As governance continues to expand markets, add new spokes, and increase capacity, the success of V4 will likely depend on whether it can translate DeFi’s deep liquidity into sustained real-world credit demand. ### Coinbase and Better Launch Crypto-Backed Mortgage Product Through Fannie Mae Channel URL: https://www.triana.media/coinbase-and-better-launch-crypto-backed-mortgage-product-through-fannie-mae-channel/ Last updated: 2026-03-27T14:13:18.000Z Coinbase and Better Home & Finance are [launching a new mortgage product](https://x.com/coinbase/status/2037146481300279410?s=20&ref=triana.media) that allows homebuyers to use crypto holdings as collateral for a down payment. Because the primary loan is a conforming mortgage eligible for purchase by Fannie Mae, the product is placed within the same framework as traditional home loans. While crypto-backed mortgages have existed before, this is the first time such a structure has been accepted within this channel. Under the model, borrowers take out a standard mortgage through Better alongside a second loan backed by bitcoin or USDC held in a Coinbase account. That second loan is used to fund the down payment, allowing borrowers to retain ownership of their crypto rather than selling it to raise cash. The approach is designed to address a common constraint in home buying: many prospective buyers hold assets but lack the liquid cash required for a down payment. By allowing digital assets to serve as collateral, the product effectively converts crypto holdings into usable purchasing power without triggering a taxable sale. Once the loan is in place, the mortgage behaves similarly to a traditional one. The pledged crypto is held in custody and cannot be traded while securing the loan. Price volatility alone does not trigger liquidation or margin calls, and loan terms remain fixed as long as the borrower stays current on payments. Collateral is only at risk in cases of extended delinquency, aligning enforcement more closely with standard mortgage practices. At the same time, the structure introduces additional complexity. Borrowers are taking on two loans instead of one, increasing overall borrowing costs. The crypto-backed portion of the loan is expected to carry a higher rate than a standard mortgage, reflecting the added risk and structure. Even so, the launch represents a broader shift in how crypto is being positioned within financial markets. Rather than functioning solely as a speculative asset, digital holdings are increasingly being used as collateral within traditional financial systems. The same framework could eventually expand beyond crypto to include other tokenized or digitally custodied assets, such as equities or funds, creating a more flexible approach to collateralizing large purchases. ### USR Exploit Exposes Critical Flaws in DeFi Vault Risk Management URL: https://www.triana.media/usr-exploit-exposes-critical-flaws-in-defi-vault-risk-management/ Last updated: 2026-03-27T14:13:13.000Z On Sunday, Resolv's USR stablecoin was [exploited for $25 million](https://www.coindesk.com/markets/2026/03/23/resolv-stablecoin-drops-70-after-usd80-million-exploit-after-attacker-mints-usr?ref=triana.media) when an attacker took advantage of a flaw in USR’s minting contract. While that exploit is bad enough, it’s only half the story. The attack’s impact trickled into DeFi vaults, where a $4,900 debt position on Morpho spawned. Vault curators who were actively monitoring their positions cut exposure and their losses stayed under $50,000\. But losses grew to millions of dollars for the curators managing their vaults more passively. The incident was an unfortunate proving point of an emerging sentiment regarding Vaults, which points out that most of today’s current DeFi vaults suffer from a lack of sophisticated and active risk management. That type of needed oversight, in the case of this recent exploit, turned out to be the difference maker between losses in the thousands and losses in the millions. In this article, we’ll cover what happened, what it tells us about the state of DeFi vaults, and what we believe comes next. ## **What Happened: The USR Exploit And Its Fallout** A [DeFi vault](https://www.rockawayx.com/insights/defi-vaults-explained-2026-guide?ref=triana.media) is a pool of capital managed onchain. You deposit funds and a vault manager, called a curator, decides where to deploy them to earn yield. On [Morpho](https://morpho.org/?ref=triana.media), the curator chooses which lending markets to supply, monitors conditions, and is supposed to pull funds out if something goes wrong. [Resolv](https://resolv.xyz/?ref=triana.media) runs a stablecoin called USR, which is, in effect, the senior tranche of the Resolv protocol pegged to $1\. On March 22, an attacker minted 80 million fake USR tokens, nearly doubling the supply with no new collateral behind it, causing USR to instantly lose its peg. During the incident, the price of USR [fell to around $.23](https://www.binance.com/sv/square/post/03-23-2026-usr-depegs-sharply-following-private-key-compromise-304740422920417?ref=triana.media). So, how was this possible? A single externally owned account (EOA) with a SERVICE\_ROLE permission had unlimited mint power. There were no onchain issuance caps, collateral ratio enforcement, oracle sanity checks, multisig, or proof of reserves oracle. The attacker deposited 100K USDC via requestSwap(), and the SERVICE\_ROLE completed the swap with 50M USR instead of 100K. They repeated this for another 30M USR. The attacker then wrapped the inflated and not-backed USR into wstUSR for better DEX liquidity, and proceeded to sell it across KyberSwap and Velora at prices between $0.50 and $0.88\. Proceeds were converted to ETH via Uniswap V4 and MetaMask Swaps. Their total haul ended up being roughly $25 million from a $200K starting position. ## **The Oracle Problem** The exploit triggered a second wave of damage through lending markets because multiple Morpho markets accepted wstUSR as collateral with a fundamental oracle based on Resolv’s daily NAV updates. hardcoded oracles. That meant that the oracles still quoted wstUSR at $1.13 even after the underlying token had collapsed. This gap between the stale oracle price and the real market price created a free arbitrage that meant anyone could deposit nearly worthless wstUSR at $1.13, borrow real USDC at full value, and walk away. And someone did. ## **How $4,900 Became $6.2 Million** The original debt from the exploit on Morpho was just $4,900 in USDC borrowed against USR. That number should have stayed small, but things got out of hand quickly due to a lack of active oversight by vault curators. Morpho's [Public Allocator](https://docs.morpho.org/get-started/resources/contracts/public-allocator/?ref=triana.media) lets curators automatically supply capital to high-utilization markets on the assumption that high utilization signals high demand and better yields. In this case, however, high utilization meant the market was broken. And because the Public Allocator is a public function, anyone can invoke it during a live exploit against a hardcoded oracle, effectively turning it into an open credit line for attackers. [Gauntlet](https://www.gauntlet.xyz/?ref=triana.media), one of the largest vault curators on Morpho, had its automated allocations running when the exploit hit. Twenty minutes after the attack, at 2:41 UTC, Gauntlet's system began pushing fresh USDC into the compromised wstUSR/USDC market. Onchain data shows multiple wallets calling borrow functions immediately after each allocation, draining the new USDC upon arrival. This continued for roughly 90 minutes before someone turned it off. [9Summits](https://9summits.io/?ref=triana.media), another curator, kept supplying for 10 hours. By the end, Gauntlet's Core and Frontier vaults accounted for 96% of unintended supplies and 98% of total lender liquidity in the market. The final tally was $6.18M in USDC supplied, 100% utilization, and zero withdrawable liquidity. As a result, Gauntlet's vault depositors became exit liquidity for the collateral collapse. Smaller curators like re7 and kpk took a different approach, cutting their exposure shortly after the exploit. Because of their active human oversight, their losses stayed well below Gauntlet's. ## **Contagion** Once the hardcoded oracle mispricing became public knowledge, the same arbitrage pattern played out across other lending markets that accepted USR or wstUSR as collateral. Fluid and Instadapp were hit hardest outside of Morpho, accumulating over $11M in potential bad debt, with the majority of that damage arriving after the initial exploit as opportunistic borrowers replicated the same trade. Inverse Finance absorbed $340K in DOLA bad debt from a similar dynamic. Venus and Seamless moved to pause all USR exposure entirely, cutting off further lending activity before losses could compound. ## **The Bigger Problem With Vault Curation Today** Vault curators exist to underwrite risk on behalf of depositors. When a curator routes USDC into a Morpho market collateralized by a single asset whose issuance is controlled by a single key, that is a risk decision, even if the depositor never sees it that way. Most vault curators today operate as thin layers on top of smart contracts, routing capital, optimizing for yield, and collecting fees. What they generally do not do is apply real-time judgment to changing market conditions, particularly during stress events. The USR incident made this clearly visible. Gauntlet's automation ran for 90 minutes and 9Summits' for 10 hours before anyone intervened. Automation without circuit breakers is a liability, and risk management must be treated as a 24/7/365 responsibility. This becomes increasingly critical as the sector grows, projected to reach $64 to $85 billion by year-end [according to Keyrock](https://keyrock.com/onchain-asset-management-report/?ref=triana.media). At that scale, passive curation is a systemic risk. ## **The Next Generation Of Vaults** The first generation of DeFi vaults proved that smart contracts can automate yield strategies, pool liquidity, and deliver returns without intermediaries. What they have not solved is keeping the curation layer in step with the scale of capital it manages. The next generation, ["Vaults 2.0,"](https://www.rockawayx.com/insights/why-defi-vaults-need-a-2-0-upgrade?ref=triana.media) solves this with a fundamentally different operating model. With this model, allocation strategies need to optimize continuously across yield, concentration risk, liquidity buffers, and correlation constraints at the same time. Additionally, risk management with these vaults doesn’t wait for a human to notice something is wrong before a fix is implemented. They monitor collateral types, counterparty health, and protocol utilization in real time, triggering programmatic adjustments the moment metrics breach predefined thresholds. To keep performance up, new yield opportunities are identified and evaluated against predefined criteria on an ongoing basis, not during periodic reviews. ## **What Comes Next** The vault space now stands at an inflection point. Growth is accelerating, but curation has so far not kept pace across the board. The longer this misalignment remains, the more passive curation will grow as a systemic risk that could have far-reaching effects across the industry (were a big enough incident to occur). In that regard, the USR incident should serve as a wake-up call: Curators are meant to do more than route capital and optimize yield. Moving forward, real-time monitoring and automated risk controls should be considered the minimum requirement for managing other people's capital in vaults. ### Kraken Freezes IPO Plans Due To Market Concerns URL: https://www.triana.media/kraken-freezes-ipo-plans-due-to-market-concerns/ Last updated: 2026-03-18T16:36:09.000Z Crypto exchange Kraken has paused its plans to go public, becoming the latest casualty of the cooled crypto markets. The decision, first [reported by CoinDesk](https://www.coindesk.com/business/2026/03/17/crypto-exchange-kraken-freezes-multibillion-dollar-ipo-plan-due-to-difficult-market-conditions?ref=triana.media), comes just months after Kraken’s parent company, Payward, confidentially filed a draft S-1 with the U.S. Securities and Exchange Commission in November. ## Market Conditions Stall Momentum According to sources familiar with the matter, Kraken has not abandoned its IPO ambitions but is unlikely to move forward until market conditions improve. The delay follows a broader downturn in crypto markets since late 2025, when Bitcoin reached record highs before retracing. Falling asset prices and declining trading volumes have since weighed on valuations and investor sentiment, making public listings less attractive. A Kraken spokesperson confirmed the company’s limited position, stating that beyond its confidential SEC filing, there is nothing further to share. ## From IPO Boom to Slowdown The pause marks a sharp contrast to 2025, which saw a resurgence in crypto public listings. Firms like Circle, Bullish, and Gemini collectively raised $14.6 billion across at least 11 IPOs, according to PitchBook data. That momentum has not carried into 2026. So far, BitGo remains the only digital asset firm to successfully list this year, and its stock has dropped roughly 44% amid volatile market conditions. Meanwhile, other firms are taking a more cautious approach. Tokenization platform Securitize has maintained its IPO plans, signaling confidence in continued demand for blockchain-based financial infrastructure despite market headwinds. ## A Shift Toward Infrastructure Narratives Kraken’s pause may also reflect a broader shift in how crypto companies position themselves for public markets. In November, the company raised $800 million at a $20 billion valuation, including a $200 million investment from Citadel Securities, to support its push into integrating traditional financial markets with blockchain infrastructure. Industry observers suggest that the next wave of IPO candidates will need to emphasize more than trading revenue. Instead, public market investors are increasingly prioritizing compliance maturity, recurring revenue streams, and operational resilience. If 2025 was defined by exchange-led listings and treasury-driven narratives, 2026 is shaping up to be a proving ground for infrastructure-focused crypto firms. ## Waiting for the Window to Reopen Kraken’s decision underscores a familiar reality in both crypto and traditional finance: IPO timing is everything. While the company remains a strong candidate for a future listing, its delay highlights how quickly market sentiment can shift—even after a year of record-breaking public offerings. For now, the crypto IPO window appears narrower, with firms waiting on the sidelines for volatility to subside and investor confidence to return. ### Tally Shuts Down as DAO Governance Demand Fades in Post-Gensler Era URL: https://www.triana.media/tally-shuts-down-as-dao-governance-demand-fades-in-post-gensler-era/ Last updated: 2026-03-17T16:41:07.000Z [Tally](https://www.tally.xyz/?ref=triana.media), one of crypto’s most widely used DAO governance platforms, is shutting down after more than five years, as first [reported by CoinDesk](https://www.coindesk.com/markets/2026/03/17/gensler-and-biden-were-just-better-for-crypto-says-tally-ceo-as-dao-governance-platform-shuts-down?ref=triana.media), marking a turning point for decentralized governance in the industry. The platform, which supported governance for major protocols including Uniswap, Arbitrum, and ENS, will wind down operations following what CEO [Dennison Bertram](https://x.com/DennisonBertram?ref=triana.media) described as a fundamental breakdown in the market conditions that once justified DAO infrastructure. At its peak, Tally helped coordinate governance across more than 500 organizations, facilitating over $1 billion in payments and securing systems tied to tens of billions in on-chain value. Its shutdown signals not only the end of a company, but a broader shift in how crypto teams approach decentralization. ## Regulatory Shift Removes Need for Forced Decentralization Bertram pointed to changing U.S. regulatory conditions as a primary driver behind the collapse in demand for DAO tooling. Under former SEC Chair Gary Gensler, projects faced heightened legal risk if they appeared to be controlled by a centralized group. In response, many protocols adopted DAO structures to distribute decision-making across token holders, using tools like Tally to formalize governance. That dynamic has since changed. According to Bertram, a more permissive regulatory environment has reduced the need for teams to decentralize as a legal defense. Without that pressure, governance has shifted from being a requirement to an optional design choice. > “The industry response was to decentralize because it had to,” Bertram said. “Now it’s not clear if you need decentralization at all.” The shift has already materialized across the ecosystem. Several high-profile projects, including Jupiter and Yuga Labs, have scaled back or abandoned DAO-based governance models, citing inefficiencies and limited participation. ## The “Infinite Garden” Thesis Fails to Materialize Beyond regulation, Tally’s business model depended on a second assumption: that crypto would produce a vast ecosystem of decentralized applications requiring governance infrastructure. That vision, often referred to as the “infinite garden,” has yet to emerge. Instead of thousands of protocols and Layer 2 networks, the market has consolidated around a smaller set of dominant players. While crypto has found traction in payments, trading, and speculation, the governance-heavy application layer needed to sustain platforms like Tally has not developed at scale. > “There isn’t a venture-backed business in governance tooling for decentralized protocols, at least not yet,” Bertram wrote in the company’s shutdown announcement. The company had previously raised funding on the expectation that the number of protocols and governance use cases would expand significantly. That growth has not materialized in the near term. ## A Broader Identity Crisis for DAOs Tally’s shutdown reflects deeper structural challenges within DAO governance itself. While DAOs were designed to enable decentralized decision-making, participation has often remained low, with a small subset of token holders driving outcomes. Critics have increasingly described governance processes as slow, inefficient, and disconnected from product execution. At the same time, competition from emerging sectors, particularly AI, has begun to draw talent and attention away from crypto. Bertram framed the moment as a broader inflection point for the industry. Crypto, he argued, is no longer in its early experimental phase. Instead, it is entering a period defined by consolidation, institutional adoption, and clearer product-market fit in narrower categories. For Tally, that shift leaves little room for a standalone governance infrastructure business. > “Crypto becomes infrastructure rather than rebellion,” Bertram wrote. “We’re now discovering the rough edges of that success.” ### TOKEN2049 Dubai Postponed to April 2027 Amid Regional Uncertainty URL: https://www.triana.media/token2049-dubai-postponed-2027/ Last updated: 2026-03-13T19:50:45.000Z TOKEN2049 organizers announced that the 2026 Dubai edition of the global cryptocurrency conference will be postponed, citing ongoing regional uncertainty affecting safety, international travel, and logistics. The event will now take place April 21–22, 2027, according to a [statement](https://www.token2049.com/dubai/announcement?ref=triana.media) released by the conference team. Organizers said preparations for the event had been progressing, but the current environment could prevent the global crypto community from gathering at the scale the conference is known for. > “The safety and experience of our community always comes first,” the statement said. “Rather than compromise that standard, postponing the event allows the global community to gather again at full strength.” ## Dubai Remains a Major Crypto Hub Despite the postponement, the organizers emphasized their continued confidence in Dubai as one of the most important centers for the global digital asset ecosystem. “Dubai remains one of the most important hubs for the digital asset ecosystem,” the statement said, adding that the team remains grateful for the support of the city’s regulators and government partners. Over the past several years, Dubai has become a key destination for crypto conferences, companies, and investors, supported by regulatory frameworks designed to attract digital asset innovation. ## Tickets Carry Forward as Community Looks to Singapore 2026 All tickets purchased for TOKEN2049 Dubai will automatically remain valid for the rescheduled April 2027 event, with no action required from attendees. Ticket holders who prefer not to wait can transfer their tickets to TOKEN2049 Singapore, which will take place October 7–8, 2026 at Marina Bay Sands. Organizers said they will also work directly with sponsors and partners to ensure commitments carry forward to the rescheduled event, maintaining the visibility and engagement originally planned. While the Dubai event shifts to 2027, the next major gathering for the TOKEN2049 community will be the Singapore conference later this year. ### Wilder World Teases Shanty Town Release URL: https://www.triana.media/wilder-world-teases-shanty-town-release/ Last updated: 2026-03-13T17:01:33.000Z [Wilder World](https://www.triana.media/tag/wilder-world/) is preparing to introduce a new district designed to test its emerging on-chain game economy, with [co-founder n3o](https://x.com/real%5Fn3o?ref=triana.media) revealing that autonomous AI agents are already operating inside the environment. Among a related series of posts on X, n3o said the first 120 autonomous agents are [now active inside Shanty Town](https://x.com/real%5Fn3o/status/2031190320147476928?s=20&ref=triana.media), a district he described as the “first district in Wilder Web.” The agents are currently mining gold within the simulation; activity is viewable on [zscan](https://zscan.live/token/0xD3C80f3Bc669fCD40B5F91a8643afDC0ba8FfaE4?ref=triana.media). ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/03/image-3.png) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/03/image-5.png) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/03/image-6.png) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/03/image-4.png) Shanty Town teaser images shared by co-founder Frank Wilder ## Testing Wilder World’s AI Economy According to n3o, Shanty Town is being used as a testing ground for the game’s upcoming economic systems, including AI-driven agents and on-chain resource generation. > “We have created Shanty Town to test all of the agentic system and onchain mining / economy systems before rolling out to the main game / island,” he said. The idea is to allow players to interact with early versions of the systems before they are integrated into the larger Wilder World environment. ## Browser-Based Access With Full Game Integration n3o said the system will initially be accessible through a browser-based interface, with support for desktop and mobile planned. Players will be able to control their agents and interact with the economic simulation directly through this interface, managing activities such as trading and resource extraction. The full 3D version of Wilder World will remain available as the more immersive gameplay environment. > “You will control the sim here, and then there is the full game you can enter for the full experience,” n3o said. The browser version will allow users to manage agents and participate in the economy even when they are not actively playing inside the 3D game world. ## Integration With the WILD Token Shanty Town will run on [Z Chain](https://zchain.org/?ref=triana.media), Wilder World’s underlying blockchain infrastructure run by [Zero](https://zero.tech/?ref=triana.media), with plans to integrate the ecosystem’s WILD token into the economic loop. According to n3o, resources generated by players and agents will create fees that are ultimately converted into WILD and burned, therefore tying the game’s economic activity directly to the token’s supply dynamics. ## Code Release Expected Soon The team indicated that Shanty Town’s underlying code could be released publicly in the near future. When asked about timing, n3o said the project is “pretty close” to release and that the code for running agents may be pushed to GitHub this week, allowing developers and early participants to begin installing and activating agents. ### BlackRock Launches Staked Ethereum ETF URL: https://www.triana.media/blackrock-launches-staked-ethereum-etf/ Last updated: 2026-03-12T17:26:13.000Z BlackRock has launched a new Ethereum investment product that allows investors to earn staking rewards alongside exposure to ether’s price movements. The asset manager’s **iShares Staked Ethereum Trust ETF (ETHB)** began trading Thursday on the Nasdaq, marking the firm’s first crypto exchange-traded fund to incorporate staking. The product expands BlackRock’s digital asset lineup and reflects growing investor demand for crypto investment vehicles that generate income rather than offering price exposure alone. ## Combining Ether Exposure With Staking Rewards The ETF holds spot ether and stakes a portion of those holdings on the Ethereum network. Staking allows participants to help validate transactions and secure the blockchain in exchange for rewards, which are often viewed as a yield-like feature of the asset. By integrating staking directly into the ETF structure, the fund aims to provide both potential price appreciation and staking income through a traditional brokerage-accessible vehicle. Robert Mitchnick, BlackRock’s global head of digital assets, said the product is designed to give investors another way to participate in the evolution of the Ethereum ecosystem. ## Expanding BlackRock’s Crypto ETF Lineup ETHB joins BlackRock’s existing crypto funds, including the **iShares Bitcoin Trust (IBIT)** and the **iShares Ethereum Trust (ETHA)**. Since launching, IBIT has grown to more than $55 billion in assets under management, while ETHA oversees roughly $6.5 billion. Both funds track the price of their respective assets but do not include staking features. The new fund introduces staking for the first time within BlackRock’s crypto ETF lineup. The product charges a 0.25% sponsor fee. However, BlackRock is offering a temporary fee reduction during the first year, lowering the cost to 0.12% for the first $2.5 billion in assets. ## Institutional Demand for Yield Staking capabilities may appeal to investors who prefer assets that generate cash flow or income-like returns. Ethereum transitioned to a proof-of-stake system in 2022, enabling token holders to lock up ether to help secure the network and receive rewards in return. Many institutional investors increasingly evaluate digital assets through similar frameworks used for income-producing investments. BlackRock said the ETF could attract a broad group of investors, including retail traders, financial advisors, hedge funds and family offices. Institutional allocations to crypto remain relatively modest, typically representing about 1% to 2% of diversified portfolios. Supporters of crypto ETFs argue that adding yield features such as staking could make the asset class more comparable to traditional investments. ## Competition in the Staking ETF Market BlackRock is entering a market that has begun to see several staking-enabled crypto investment products. Grayscale introduced staking capabilities for its Ethereum investment products last year and recently expanded the concept to other assets. Additional issuers, including 21Shares and REX-Osprey, have also explored staking-based ETF structures. Despite the growing number of products, analysts say crypto ETF adoption is still in its early stages as institutional investors gradually become more comfortable allocating capital to digital assets. BlackRock, the world’s largest asset manager, has rapidly emerged as a dominant player in crypto exchange-traded products. The firm now oversees tens of billions of dollars across bitcoin and ether ETFs as traditional financial institutions continue integrating digital assets into mainstream investment portfolios. ### FDIC Says Stablecoins Won’t Receive Deposit Insurance URL: https://www.triana.media/fdic-says-stablecoins-wont-receive-deposit-insurance/ Last updated: 2026-03-12T01:57:40.000Z Federal deposit insurance will not apply to stablecoins under the new U.S. regulatory framework, according to [remarks made Wednesday](https://www.fdic.gov/news/speeches/2026/remarks-fdic-chairman-travis-hill-update-reforms-regulatory-toolkit?ref=triana.media) by Federal Deposit Insurance Corporation Chairman Travis Hill. Speaking at an American Bankers Association summit in Washington, Hill said the agency plans to propose a rule explicitly preventing stablecoin holders from accessing FDIC protections. The proposal would also prohibit so-called pass-through insurance structures that might otherwise extend deposit guarantees indirectly to stablecoin users. The clarification arrives as federal regulators continue building the rulebook around the GENIUS Act, a law signed in July that establishes the first comprehensive federal framework for payment stablecoins. ## Closing the Pass-Through Insurance Door Hill said the FDIC’s forthcoming rule will ensure that stablecoins remain outside the federal deposit insurance system, even in situations where stablecoin issuers hold reserves inside insured banks. Pass-through insurance typically allows third-party financial platforms such as fintech companies or broker-dealers to hold deposits at a bank on behalf of customers. In those arrangements, each end user can receive individual deposit insurance coverage rather than the account being treated as a single corporate deposit. Hill indicated that the FDIC intends to prevent stablecoin arrangements from using that mechanism. Under existing rules, pass-through insurance requires financial institutions to clearly identify the underlying customers whose funds are being held. Hill noted that most large stablecoin systems do not currently meet that standard, which further complicates attempts to extend deposit protections to token holders. ## Tokenized Deposits Treated Differently Hill also addressed the regulatory treatment of tokenized deposits, which represent traditional bank deposits issued or recorded on blockchain infrastructure. According to Hill, the FDIC’s preliminary view is that these products should be treated as ordinary deposits for regulatory purposes. That means they would remain eligible for the standard $250,000 FDIC insurance coverage regardless of whether the balance is recorded on a blockchain. The distinction represents a key difference regulators are increasingly drawing between stablecoins issued by nonbank entities and tokenized versions of conventional bank deposits. It's a distinction that clearly (and frustratingly) holds back onchain finance in favor of protecting the old guard. ## Banks Watch Stablecoin Growth Closely The policy discussion comes as banks increasingly scrutinize the growth of the stablecoin market. Analysts at Jefferies said this week that rising stablecoin adoption could reduce core deposits at U.S. banks by roughly 3% to 5% over the next five years. Banking groups have warned that the expansion of digital dollar tokens could shift funds away from traditional institutions. Industry organizations such as the American Bankers Association have also argued that regulators should prevent stablecoin issuers from offering interest or yield products that might compete directly with bank accounts. At the same time, some policymakers and crypto industry advocates say stablecoins can expand financial innovation and payment efficiency if regulated properly. ## Implementation Timeline The GENIUS Act establishes a phased implementation process for federal agencies. The law will take full effect either 18 months after its signing or 120 days after regulators finalize the required implementing rules, whichever occurs first. Agencies including the FDIC and the Treasury Department are currently drafting those regulations. Hill’s remarks signal that the FDIC intends to settle one of the law’s key open questions early: stablecoins may operate within the regulated financial system, but they will not come with the same government insurance that protects bank deposits. ### Wilder World Restructures Team, Shifts Toward AI-First Development Strategy URL: https://www.triana.media/wilder-world-restructures-team-shifts-toward-ai-first-development-strategy/ Last updated: 2026-03-05T01:26:25.000Z Wilder World has [announced](https://x.com/real%5Fn3o/status/2028579857622606257?s=20&ref=triana.media) a major strategic shift toward becoming an AI-first studio, alongside a restructuring that reduces its core team while extending the project’s development runway. The announcement was shared by co-founder n3o, who said the metaverse platform will prioritize artificial intelligence across development, world creation, and in-game systems moving forward. The transition reflects a broader vision for Wilder World as a convergence point for AI, crypto, and gaming. > “We are becoming an AI-first studio,” n3o wrote in the announcement. “This means not just using AI, but becoming a leader in AI world generation, models and autonomous agents.” ## AI and Autonomous Agents at the Core According to the team, AI will now play a central role in how Wilder World builds its virtual environments and expands gameplay systems. The studio plans to use AI tools and coordinated “agent swarms” to accelerate development workflows and support the creation of large-scale virtual environments. The company also intends to introduce autonomous agents directly into Wilder World’s ecosystem. Leadership believes the metaverse provides a natural environment for AI systems to interact with digital economies and player-driven worlds. > “We believe the metaverse is the natural place AI, crypto and gaming will merge,” the announcement stated. ## Team Restructuring and Leaner Operations Alongside the AI pivot, Wilder World confirmed a restructuring of its internal team. The studio now operates with 35 full-time employees. "Many" former team members will continue contributing to the project as contractors rather than full-time staff. n3o said the changes were made to streamline operations and extend the company’s financial runway. > “With AI, this team is more than capable to continue developing everything we've set out to do,” n3o said, adding that the new structure positions the studio for long-term sustainability. Co-founder Frank Wilder [acknowledged](https://x.com/realfrankwilder/status/2028863728188588173?s=20&ref=triana.media) the contributions of team members who are stepping away from the core team following the restructuring. > “It takes a village,” he wrote in a message accompanying the announcement. “Salute to the Wilders who recently stepped off the team that helped us get where we are today. I’m inspired and hopeful for the future of WW as an AI-first studio. We were made for a time like this.” Despite the organizational changes, the team said development of Wilder World will continue at full speed. According to the announcement, new features, experiences, and products are currently in development and expected to be released over the coming weeks and months. The restructuring also aligns with the studio’s push toward profitability. The team said that with recent product launches and operational changes, Wilder World expects to reach profitability within 60 to 90 days. > Packs sold out today again. We are about 50% to profitability at these rates, which is great news. > > With the new releases, upgrades and products coming, I think we should be able to achieve profitability soon. [https://t.co/HHJAwGGnZL](https://t.co/HHJAwGGnZL?ref=triana.media) > > — n3o (@real\_n3o) [March 3, 2026](https://twitter.com/real%5Fn3o/status/2028635858304483739?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) ### Kraken Secures Federal Reserve Master Account, Gaining Direct Access to U.S. Payment Rails URL: https://www.triana.media/kraken-secures-federal-reserve-master-account-gaining-direct-access-to-u-s-payment-rails/ Last updated: 2026-03-04T18:35:34.000Z [Kraken](https://www.kraken.com/?ref=triana.media) has secured direct access to the Federal Reserve’s payment infrastructure through its banking subsidiary, marking a first for a crypto-native firm seeking deeper integration with the traditional financial system. The company confirmed that Kraken Financial, its Wyoming-chartered digital asset bank, has been granted a Federal Reserve master account by the Federal Reserve Bank of Kansas City. The approval allows Kraken to connect directly to core U.S. payment systems such as Fedwire, a real-time settlement network used by banks and financial institutions to move trillions of dollars each day. With the master account, Kraken will be able to settle U.S. dollar payments without routing transactions through intermediary banks. Until now, the exchange had relied on partner banking institutions to handle fiat transfers. Kraken executives described the decision as a structural step toward integrating crypto markets with the existing financial system. > “This milestone marks the convergence of crypto infrastructure and sovereign financial rails,” said Arjun Sethi, co-CEO of Kraken and its parent company, Payward. He added that the approval allows the firm to operate as a directly connected financial institution rather than relying on correspondent banking relationships. ## A Limited But Symbolic Breakthrough While the account grants Kraken access to the Fed’s payment rails, it does not provide the full benefits available to traditional banks. Kraken will not earn interest on balances held at the Federal Reserve and will not have access to the central bank’s lending facilities. These limitations reflect ongoing regulatory caution around granting full banking privileges to crypto-native institutions. Even with those restrictions, industry participants view the approval as a significant milestone for digital asset firms that have long sought direct access to the U.S. central bank’s settlement infrastructure. Wyoming, where Kraken Financial holds its charter, has positioned itself as a hub for crypto-focused banking models through special-purpose depository institutions designed to bridge blockchain markets and the traditional financial system. [Sen. Cynthia Lummis](https://x.com/SenLummis?ref=triana.media), a Republican from Wyoming and a longtime digital asset advocate, described the approval as a “watershed milestone in the history of digital assets.” ## Signals for the Broader Industry Kraken’s approval arrives after years of debate around whether crypto institutions should be allowed to connect directly to the Federal Reserve’s payment backbone. Several firms have pursued similar access in the past. Custodia Bank, another Wyoming-chartered crypto bank, sought a master account but was denied after a legal battle that reaffirmed the Federal Reserve’s discretion over approvals. Other industry participants, including Ripple, have also explored similar pathways. Within policy discussions, regulators have considered the idea of so-called “skinny” master accounts. These arrangements would allow firms to access payment rails while withholding certain privileges granted to traditional depository institutions. Under that model, digital asset firms could participate in core settlement systems without receiving the full regulatory treatment of banks. ## Timing Amid IPO Plans The development also comes as Kraken explores a potential public listing. Parent company Payward Inc. has reportedly submitted a confidential draft registration statement to the U.S. Securities and Exchange Commission as part of preparations for a possible initial public offering. [Kraken Dismisses CFO as IPO Preparations ContinueKraken has dismissed its CFO as the crypto exchange advances its U.S. IPO plans, signaling leadership changes amid a broader wave of digital asset infrastructure firms entering public markets.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/icon/Global-Profile-Picture-3.png)Triana: Crypto News, Insights, StoriesBart Hillerich![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/thumbnail/shutterstock_1821720263.jpg)](https://www.triana.media/kraken-dismisses-cfo-as-ipo-preparations-continue/) If the company proceeds with a listing, direct access to Federal Reserve payment rails could strengthen its position as a bridge between crypto markets and traditional finance. ### Dragonfly Closes $650 Million Fourth Fund as Crypto VC Faces a Bear Market Shakeout URL: https://www.triana.media/dragonfly-closes-650-million-fourth-fund-as-crypto-vc-faces-a-bear-market-shakeout/ Last updated: 2026-03-27T14:01:00.000Z Dragonfly has [closed a $650 million fourth fund](https://fortune.com/2026/02/17/dragonfly-fourth-fund-crypto-venture-capital-blockchain-polymarket-ethena/?ref=triana.media), giving the crypto venture firm fresh capital to deploy even as the broader blockchain investment market remains stuck in a difficult fundraising environment. Fortune first reported the raise on Feb. 17, with additional reporting from CoinDesk and other outlets confirming the new vehicle and its focus on early-stage crypto companies. > We just closed Dragonfly Fund IV at $650M. > > It's a big milestone, and yet, it’s a weird time to celebrate. Spirits are low, fear is extreme, and the gloom of a bear market has set in. > > But here's the thing: we raised almost every single Dragonfly fund into bear markets. > > Fund I… > > — Haseeb ＞|＜ (@hosseeb) [February 17, 2026](https://twitter.com/hosseeb/status/2023748111160791181?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) The fund is notable not only for its size, but for its timing. Dragonfly is raising capital during another industry downturn, with its leadership arguing that some of the firm’s strongest vintages were also built in moments of fear and dislocation. Managing Partner [Haseeb Qureshi](https://x.com/hosseeb?ref=triana.media) described the current backdrop as one where “spirits are low” and bear market gloom has returned, while General Partner Rob Hadick went further, calling the current crypto venture environment a “mass extinction event.” That framing helps explain why this fund matters beyond Dragonfly itself. In a market where many crypto-native investors are struggling to raise fresh capital, a $650 million close signals that at least some limited partners still want exposure to blockchain infrastructure—especially when it is tied to financial use cases instead of the broader Web3 narratives that dominated the last cycle. Fortune reported that Dragonfly plans to use the new fund to back early-stage companies, with stablecoins, decentralized finance, on-chain payments, prediction markets, and tokenized real-world financial products among the areas drawing the firm’s attention. That investment focus reflects a larger shift already underway across crypto. Rather than betting on consumer apps or social token experiments, Dragonfly’s partners have increasingly argued that crypto’s strongest long-term use cases are financial. Qureshi told Fortune that “non-financial crypto has failed,” while Tom Schmidt described the move toward on-chain financial infrastructure as the biggest meta shift he has felt in his time in the industry. Portfolio companies including Polymarket, Ethena, Rain, and Mesh were cited as examples of that thesis taking shape in real time. The raise also extends Dragonfly’s rise into the top tier of crypto venture firms. The firm previously raised $100 million for its first fund in 2018, roughly $225 million for its second fund in 2021, and $650 million for its third fund in 2022\. That earlier fund helped back companies that became major names during the current cycle, including Polymarket and Ethena, and strengthened Dragonfly’s standing alongside larger crypto investors such as Paradigm and Andreessen Horowitz. Still, the announcement does not come without complications. Dragonfly has remained under scrutiny since prosecutors said in July 2025 that they were considering potential criminal charges against certain employees tied to the firm’s 2020 investment in Tornado Cash. CoinDesk reported at the time that Tom Schmidt was among those named in court discussions around the matter. Dragonfly has continued operating and expanding despite that overhang. Even so, the new fund suggests Dragonfly believes the next phase of crypto will be built less around speculative consumer narratives and more around infrastructure that looks increasingly like modern finance on-chain. If that thesis proves right, this raise may be remembered less as a contrarian bet during a downturn and more as a marker of where crypto venture capital thinks the industry is headed next. ### Vitalik Buterin Warns Prediction Markets Are Drifting Toward “Corposlop,” Calls for Hedging Revolution URL: https://www.triana.media/vitalik-buterin-warns-prediction-markets-are-drifting-toward-corposlop-calls-for-hedging-revolution/ Last updated: 2026-02-14T15:16:52.000Z Ethereum co-founder Vitalik Buterin has [expressed growing concern](https://x.com/VitalikButerin/status/2022669570788487542?s=20&ref=triana.media) about the current direction of crypto prediction markets, warning that the sector may be converging on short-term speculative use cases at the expense of broader societal value. > “Recently I have been starting to worry about the state of prediction markets, in their current form,” Buterin wrote. He acknowledged that prediction markets have achieved measurable success. Volume is high enough to support professional traders, and markets can serve as a useful supplement to traditional media. However, he argued that the dominant product direction appears increasingly focused on short-term cryptocurrency price bets, sports betting, and other high-engagement formats. > “They have achieved a certain level of success: market volume is high enough to make meaningful bets and have a full-time job as a trader, and they often prove useful as a supplement to other forms of news media. But also, they seem to be over-converging to an unhealthy product market fit: embracing short-term cryptocurrency price bets, sports betting, and other similar things that have dopamine value but not any kind of long-term fulfillment or societal information value.” Buterin suggested that revenue pressures, particularly during bear markets, may incentivize platforms to prioritize these high-volume categories. > “My guess is that teams feel motivated to capitulate to these things because they bring in large revenue during a bear market where people are desperate - an understandable motive, but one that leads to corposlop.” ## A Structural Incentive Problem Buterin framed the issue around the basic structure of prediction markets. In his view, these markets rely on informed traders who provide information and earn profits, and some class of participant who loses money. He outlined three categories of participants who might fill that role: 1. “Naive traders”: people with dumb opinions who bet on totally wrong things 2. “Info buyers”: people who set up money-losing automated market makers, to motivate people to trade on markets to help the info buyer learn information they do not know. 3. “Hedgers”: people who are -EV in a linear sense, but who use the market as insurance, reducing their risk. He argued that the current ecosystem is dominated by the first category. > “IMO there is nothing fundamentally morally wrong with taking money from people with dumb opinions. But there still is something fundamentally "cursed" about relying on this too much. It gives the platform the incentive to seek out traders with dumb opinions, and create a public brand and community that encourages dumb opinions to get more people to come in. This is the slide to corposlop.” ### Shifting Toward Hedging Buterin proposed reorienting prediction markets toward generalized hedging. He illustrated this with an example involving biotech stocks and elections. An investor exposed to policy risk could use prediction markets to offset downside scenarios. Even if the trade is negative expected value in isolation, it may improve overall utility by reducing risk. He then extended the idea further, applying it to stablecoins and currency design. > “What do people who want stablecoins ultimately want? They want price stability. They have some future expenses in mind, and they want a guarantee that will be able to pay those expenses.” Buterin questioned whether USD-backed stablecoins can fully align with crypto’s decentralization goals and proposed a more radical model built around prediction markets tied to real-world expense categories. > “Here's the idea. You have price indices on all major categories of goods and services that people buy (treating physical goods/services in different regions as different categories), and prediction markets on each category. Each user (individual or business) has a local LLM that understands that user's expenses, and offers the user a personalized basket of prediction market shares, representing "N days of that user's expected future expenses".” Under that framework, he suggested that currency itself could become optional. > “Now, we do not need fiat currency at all! People can hold stocks, ETH, or whatever else to grow wealth, and personalized prediction market shares when they want stability.” He concluded with a broader call for the sector to rethink its direction. > “Build the next generation of finance, not corposlop.” ### JokeRace Rebrands to Confetti, Doubling Down on Opinion Markets URL: https://www.triana.media/jokerace-rebrands-to-confetti-doubling-down-on-opinion-markets/ Last updated: 2026-02-14T16:11:24.000Z [Confetti](https://confetti.win/?ref=triana.media) has officially rebranded from JokeRace, marking a new chapter in its effort to make opinion markets (a subjective version of prediction markets) more social, expressive, and accessible. Confetti positions itself as a platform where users can buy votes on their opinions, rally friends or communities, and earn if their choice wins. The earlier a user votes with conviction, the more they can earn. 90% of all votes go into a rewards pool, with payouts determined by the winning entry and timing of participation. Unlike traditional prediction markets that focus on objective outcomes, Confetti centers on subjective outcomes, commonly referred to as opinion markets. Users can register their tastes, preferences, and beliefs on nearly any topic, turning opinions into participatory, incentive-driven contests. Five months ago, the team introduced a major innovation that allowed voters to earn directly through price curves, which made early votes cheaper and rewarded conviction. According to the team, voters earned nearly $2 million in the first months simply by voting on outcomes they cared about. With the Confetti rebrand, the platform is also introducing create-and-earn contests, allowing creators to earn a share of participation: - Anyone can create a contest in about one minute - Contest creators earn 5% of all volume, automatically - Entries can be added before voting begins The team envisions use cases across communities, including streamers letting audiences vote on guests or challenges, builders running community-driven campaigns, and sports communities voting on plays or players. Confetti frames opinion markets as a social game of persuasion, incentivizing attention, participation, and community coordination. The platform is now live at [confetti.win](https://confetti.win/?ref=triana.media), with contests running Tuesdays through Thursdays from 1–3 p.m. ET, alongside community-created contests. ### Shielded Spot Trading Goes Live on Hyperliquid URL: https://www.triana.media/shielded-spot-trading-goes-live-on-hyperliquid/ Last updated: 2026-02-12T00:26:39.000Z [Silhouette](https://silhouette.exchange/?ref=triana.media) has launched Shielded Spot Trading in open beta following several months of refinement with traders and users. **What’s live:** - Shielded Spot HYPE/USDC, available via Silhouette’s app and API - Two execution modes: - **Naked:** works exactly as trading does on Hyperliquid or any Builder Code frontend - **Shielded:** trades are executed using the Silhouette environment and a delegated wallet, based on user instructions **How it works:** - Users deposit funds into a contract wallet - This wallet processes and executes trades based on instructions initiated by the user through the Silhouette TEE - Trades execute directly on the Hyperliquid orderbook - After execution, balances are encrypted within a smart contract - User funds remain under user control at all times This smart contract will also be used for Silhouette’s upcoming Sovereign Withdrawal feature, which is designed to ensure access to funds even if the Silhouette system is unavailable. Silhouette supports policy engines as part of its plan to introduce compliance into the system, alongside its stated commitment to open finance and making crypto markets accessible to traditional financial participants. Funds and institutional users interested in utilizing the feature from launch are encouraged to reach out via Silhouette’s public Telegram group. **What this enables today:** - Trades are shielded by the wallet’s total trading volume - Lower fees are planned, with work underway to make Silhouette the cheapest venue to buy HYPE - The TEE acts as a conduit for user intents on Hyperliquid while maintaining user control of funds Looking ahead, Silhouette notes that HIP-3 deployers, spot buyers, and spot equities buyers will be able to discretely accumulate HYPE and other spot assets at the best possible prices, supported by customizable policy engines. **What’s Next:** - More trading pairs - HIP-3 markets on naked perps - Shielded TWAP and VWAP as part of an iceberg execution suite - RFQ and RFM infrastructure for larger workflows - A net settlement layer to reduce price impact This release represents the first phase of a broader execution engine roadmap, with future updates planned to introduce deeper intent protection, more expressive order types, and confidential routing that still settles publicly. ### Deel to Launch Stablecoin Salary Payouts in UK and EU Through MoonPay Partnership URL: https://www.triana.media/deel-to-launch-stablecoin-salary-payouts-in-uk-and-eu-through-moonpay-partnership/ Last updated: 2026-02-11T19:38:20.000Z Global payroll platform [Deel](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4615769-1&h=1044767757&u=http%3A%2F%2Fdeel.com%2F&a=deel.com&ref=triana.media) will begin offering employees the option to receive salary payments in stablecoins through a new partnership with [MoonPay](https://edge.prnewswire.com/c/link/?t=0&l=en&o=4615769-1&h=3423382494&u=https%3A%2F%2Fwww.moonpay.com%2F&a=MoonPay&ref=triana.media), starting with workers in the United Kingdom and European Union. The rollout is scheduled to begin next month, with a second phase planned for the United States. Under the arrangement, employees will be able to opt in to receive part or all of their wages in stablecoins delivered directly to non-custodial crypto wallets. Deel will continue operating its payroll and compliance infrastructure, while MoonPay will manage stablecoin conversion, settlement and onchain wallet delivery. > One of the year's biggest crypto stories so far:[@MoonPay](https://twitter.com/moonpay?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) just partnered with [@Deel](https://twitter.com/deel?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) to pay salaries in stablecoins. > > We've been doing crypto payroll at [@exodus](https://twitter.com/exodus?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) for years. We know it works. Deel has over a million workers in 150+ countries. > > This is about to change everything.… > > — JP Richardson (@jprichardson) [February 10, 2026](https://twitter.com/jprichardson/status/2021359942603886640?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Deel processes approximately $22 billion in annual payroll volume globally and supports hiring and payments across more than 150 countries, according to company disclosures last year. The integration adds crypto settlement rails to its existing payroll system, expanding its alternative payout options for distributed teams. The companies did not specify which stablecoins will be supported at launch or provide a timeline for U.S. regulatory approvals tied to the second phase. MoonPay maintains a broad regulatory footprint, including a New York BitLicense and money transmitter licenses across the United States, as well as authorization under the European Union’s Markets in Crypto-Assets framework. The partnership comes as stablecoins continue to expand beyond trading use cases into payments and enterprise applications. Since the [passage of the GENIUS Act](https://lorenzo-protocol.ghost.io/genius-act-signed-into-law-what-it-means-for-lorenzo-usd1-otf-and-stablecoins/?ref=triana.media) in 2025, which established a federal framework for payment stablecoins in the United States, a growing number of financial and crypto-native firms have explored regulated digital dollar products. In March 2025, [World Liberty Financial](https://lorenzo-protocol.ghost.io/the-ultimate-guide-to-world-liberty-financial-2026/?ref=triana.media) launched its USD1 stablecoin. That same year, Wyoming introduced the Frontier Stable Token, becoming the first U.S. state to issue a state-backed stablecoin. Traditional financial institutions have also examined entry into the sector following guidance from federal regulators outlining how supervised banking subsidiaries could apply to issue payment stablecoins. Despite the wave of new entrants, the stablecoin market remains concentrated, with Tether’s USDt accounting for roughly 60% of total stablecoin market capitalization, while Circle’s USDC represents approximately 24%. By integrating stablecoin payouts into payroll infrastructure, Deel and MoonPay are positioning digital dollar settlement as an alternative to traditional cross-border payment rails for global workers. ### Kraken Dismisses CFO as IPO Preparations Continue URL: https://www.triana.media/kraken-dismisses-cfo-as-ipo-preparations-continue/ Last updated: 2026-02-11T18:54:35.000Z Cryptocurrency exchange Kraken has dismissed its chief financial officer, [Stephanie Lemmerman](https://www.linkedin.com/in/stephanie-lemmerman-b8a3a31b?ref=triana.media), as the company moves forward with plans to go public in the United States. According to a Feb. 10 [report from CoinDesk](https://www.coindesk.com/business/2026/02/10/crypto-exchange-kraken-fires-chief-financial-officer-ahead-of-long-awaited-ipo?ref=triana.media), Lemmerman has transitioned into a strategic advisory role. She joined Kraken in November 2024 and served as CFO for roughly 16 months. Sources cited in the report said Robert Moore, previously Kraken’s vice president of business expansion, has effectively assumed the chief financial responsibilities. Kraken’s parent company website lists Moore as deputy CFO, while Lemmerman no longer appears on the leadership page. The leadership shift comes as Kraken prepares for an initial public offering. The company confidentially filed for an IPO in November, roughly one year after completing an $800 million funding round that valued the firm at $20 billion. People familiar with the matter told CoinDesk that the company’s finance function is evolving beyond traditional back-office operations, increasingly aligning with product strategy and growth initiatives. The extent of that restructuring has not been publicly detailed. Kraken is among several cryptocurrency firms either pursuing public listings or completing them over the past year. The shift reflects a broader recalibration within the digital asset industry, where institutional capital has shown growing interest in infrastructure providers rather than speculative trading platforms. Recent public debuts by firms such as **Circle**, **Figure**, **Bullish**, and **Gemini** have underscored that trend. These companies emphasize custody, payments infrastructure, compliance frameworks, and trading systems, areas that more closely align with public market expectations around revenue visibility and regulatory oversight. Earlier waves of crypto IPO attempts often leaned heavily on trading volume and token activity metrics, which can fluctuate sharply during periods of lower market volatility. By contrast, the current generation of issuers has increasingly focused on recurring infrastructure revenue and institutional services. ### Vitalik Buterin Rethinks Ethereum’s L2 Roadmap URL: https://www.triana.media/vitalik-buterin-rethinks-ethereum-l2-role-as-layer-1-scales/ Last updated: 2026-02-14T15:16:58.000Z Ethereum co-founder Vitalik Buterin is calling for a fundamental rethink of the role of layer 2 networks, arguing that Ethereum’s original rollup-centric scaling vision no longer reflects how the network is evolving. In a [post shared today](https://x.com/VitalikButerin/status/2018711006394843585?s=20&ref=triana.media), Buterin said two developments have reshaped the discussion around L2s. Progress toward fully trustless stage 2 rollups has been far slower and more complex than expected, while Ethereum’s layer 1 has begun scaling directly, with low transaction fees today and significant gas limit increases projected for 2026. > “The original vision of L2s and their role in Ethereum no longer makes sense, and we need a new path,” Buterin wrote. Ethereum’s rollup-centric roadmap initially framed L2s as extensions of Ethereum itself, sometimes described as branded shards. Under that model, rollups were expected to inherit Ethereum’s full security guarantees, ensuring transactions were valid, uncensored, and irreversible as long as Ethereum continued to function. But Buterin said that framing no longer holds. With Ethereum scaling directly on L1, rollups are no longer required to function as de facto shards. At the same time, many L2s have stopped short of pursuing full decentralization, often remaining at stage 1, where upgrade keys or security councils retain control. In some cases, Buterin noted, rollups may never advance further due to regulatory or business requirements that demand ultimate control. While that may be the right choice for certain applications, he said it should be clearly distinguished from the goal of scaling Ethereum itself. Instead of treating L2s as uniform extensions of Ethereum, Buterin proposed viewing them as a spectrum. That spectrum includes rollups that fully inherit Ethereum’s security, as well as chains with looser connections to Ethereum that users can choose to trust or ignore depending on their needs. Under this model, L2s should focus on differentiated value rather than scaling alone. Buterin pointed to areas such as privacy-focused virtual machines, application-specific efficiency, ultra-low latency execution, non-financial use cases like social and identity systems, and specialized features such as built-in oracles or dispute resolution. He also argued that any L2 handling ETH or Ethereum-issued assets should reach at least stage 1 decentralization. Anything less, he said, is effectively a separate layer 1 with a bridge. On the protocol side, Buterin highlighted growing support for a native rollup precompile on Ethereum. The idea would embed zero-knowledge EVM verification directly into Ethereum, allowing rollups to verify EVM execution as part of the base protocol. Because it would be enshrined in Ethereum itself, the precompile would automatically upgrade alongside the network and be fixed via hard fork if bugs are discovered. Such a mechanism could remove the need for security councils while enabling stronger, trust-minimized interoperability between Ethereum and rollups. It would also make it easier for rollups to extend the EVM with additional features while relying on Ethereum for core verification. The post builds on related research Buterin has published on synchronous composability, which explores combining sequenced rollups with based rollups. Sequenced rollups offer low latency through offchain ordering, while based rollups enable composability with Ethereum by letting L1 determine transaction ordering. Buterin outlined a hybrid design that introduces different types of L2 blocks, allowing sequencers to provide fast execution most of the time while preserving composability with Ethereum at specific points. The approach requires rollups to accept reverts if Ethereum reorgs and does not fully achieve permissionless block production without additional forced-inclusion mechanisms. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/02/image.png) Buterin acknowledged that not all L2s will prioritize trust minimization or security, and consider that unavoidable in a permissionless ecosystem. > “Our job should be to make it clear to users what guarantees they have,” he wrote, “and to build up the strongest Ethereum that we can.” This post is the latest in what has been an active comms period since the year kicked off. He's commented on decentralized social, DAOs, and [on January 16th said](https://x.com/VitalikButerin/status/2012231445809435134?s=20&ref=triana.media), "2026 is the year we take back lost ground in computing self-sovereignty." ![onchain activity on ethereum is at an all-time high while transaction fees are at an all-time low](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/02/image-1.png) Ethereum onchain activity and transaction fees Investors have welcomed Buterin's renewed cypherpunk tone. Observed in combination with Ethereum daily transactions surging to a [new all-time high](https://www.coindesk.com/tech/2026/01/19/ethereum-transactions-hit-record-as-staking-exit-queue-drops-to-zero?ref=triana.media), setting a new [highest weekly rate of new wallet creation](https://www.binance.com/en/square/post/35106887985090?ref=triana.media), and transaction fees at an [all-time low](https://x.com/QuintenFrancois/status/2012250144578617538?s=20&ref=triana.media) amid the activity surge, the momentum in the ecosystem (and bullishness despite the market sell-off) is palpable. ### What Is Liquid Restaking on Solana? Yields, Risks, and Top Protocols (2026) URL: https://www.triana.media/what-is-liquid-restaking-on-solana-yields-risks-and-top-protocols-2026/ Last updated: 2026-02-01T19:08:59.000Z Liquid restaking on Solana is a DeFi strategy that lets you stake SOL, receive a tradeable liquid staking token, then deposit that token into a restaking protocol to secure additional services and earn extra yield. Native staking has a capital efficiency problem: you lock SOL, it secures the network, and you earn 6–8% APY. But your tokens sit unavailable while the rest of DeFi happens without them. Liquid staking improves on this model by letting you stake SOL and receive a liquid token (like [INF](https://sanctum.so/blog/understanding-infinity-inf-solana-lst-of-lsts?ref=triana.media) or [fwdSOL](https://sanctum.so/blog/forward-industries-launches-fwdsol-sanctum?ref=triana.media)) that represents your position. The underlying SOL still secures the network and earns rewards, but you can sell, lend, or use your token as collateral. [Solana LSTs With The Best Yield: A 2026 Guide To Maximizing Your Staking ReturnsA data-driven breakdown of the highest-yielding Solana liquid staking tokens, explaining why Sanctum’s INF structurally outperforms traditional LSTs and how to choose the right one for your strategy.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/icon/Global-Profile-Picture-2.png)Triana: Crypto News, Insights, StoriesBart Hillerich![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/thumbnail/abhiconvin_create_an_image_showing_small_robo_with_a_notepad._s_2cf589e1-bc44-4286-aff1-ef206256c528-2-1.png)](https://www.triana.media/solana-lsts-with-the-best-yield-a-2026-guide-to-maximizing-your-staking-returns/) Liquid restaking adds a third layer. You take your liquid staking token and deposit it into a restaking protocol, where it backs additional services like oracles and MEV routers. Each service pays for the security you provide, stacking yield on top of your base staking rewards. ## How Does Liquid Restaking Work On Solana? Each layer of the stack keeps the layers below it running. Your SOL still earns base rewards, your LST still trades and compounds, and the restaking layer adds yield on top. On Solana, restaking protocols secure Node Consensus Networks (NCNs)—services like Switchboard oracles, Ping Network, and MEV infrastructure that need economic security but don't want to build their own validator sets. When you deposit your LST, you receive a liquid restaking token (LRT) or vault receipt token (VRT) that tracks your share of the vault. As NCNs pay for the security you provide, rewards accrue to your position and the token appreciates. Combined returns can exceed 10% APY, and users who add a fourth layer by lending their LRTs or providing liquidity can push substantially higher. ## Liquid Restaking Across Ecosystems Liquid restaking started on Ethereum with EigenLayer in 2023, and the concept has since spread to nearly every major blockchain. **EigenLayer** remains the largest restaking protocol. It peaked above $20 billion TVL in mid-2025 before settling around $18 billion after activating slashing in April 2025\. The protocol lets Ethereum stakers secure additional services (AVSs) while keeping their ETH productive. Its ecosystem now supports 40+ AVSs and has spawned liquid restaking protocols like [Ether.fi](http://ether.fi/?ref=triana.media), Renzo, and Puffer Finance that wrap EigenLayer positions into tradeable tokens. Despite a rocky year for the EIGEN token, the infrastructure continues to attract institutional operators including Google Cloud and Coinbase Cloud. **Bitcoin restaking** emerged as a category in 2024-2025\. Babylon leads the sector with roughly $4.4 billion in TVL, representing about half of all Bitcoin DeFi activity. Since Bitcoin uses proof-of-work rather than proof-of-stake, these protocols built infrastructure that lets BTC holders earn yield by securing proof-of-stake networks. [Lorenzo Protocol](https://www.lorenzo-protocol.xyz/home?ref=triana.media), Lombard, and others issue liquid tokens (stBTC, [enzoBTC](https://app.lorenzo-protocol.xyz/staking?ref=triana.media)) that represent restaked Bitcoin positions across 20+ chains. The total Bitcoin restaking ecosystem grew from under $100 million to over $6 billion in about 18 months. [How Liquid Restaking Changes Bitcoin ForeverHow liquid restaking turns Bitcoin into an active, DeFi-compatible asset without sacrificing security or liquidity.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/icon/PFP-6.png)Lorenzo ProtocolBart Hillerich![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/thumbnail/Template--24-.png)](https://lorenzo-protocol.ghost.io/how-liquid-restaking-changes-bitcoin-forever/?ref=triana.media) **Solana's restaking ecosystem** is smaller but growing. Jito Restaking leads with approximately $34 million in TVL, followed by Fragmetric at around $30 million and Solayer at $25 million. Jito has accumulated over 14 million SOL in liquid staking TVL and recently expanded into restaking, where its TipRouter distributes MEV rewards directly to participants. The mechanics differ across chains, but the core idea is the same everywhere: take staked assets, use them to secure additional services, and stack yield without giving up liquidity. ## What Are LRTs And VRTs? When you deposit an LST into a restaking protocol, you receive a token representing your restaked position. These tokens go by different names depending on the protocol: LRTs (liquid restaking tokens) or VRTs (vault receipt tokens). The terminology varies, but the function is the same. An LRT or VRT is a claim on your underlying assets plus any rewards they generate. It tracks your share of a restaking vault, appreciates as rewards accrue, and remains liquid enough to trade, lend, or use as collateral. You can think of it as a receipt that says "this wallet owns X% of the assets in this vault," where X grows over time as staking and AVS rewards flow in. Liquidity is what distinguishes these tokens from locked staking positions. Unlike native staking where your SOL is locked until you manually unstake and wait through a cooldown period, an LRT lets you exit by simply selling the token on a DEX. Liquidity depends on market depth, so large positions may face slippage, but for most users the ability to exit without waiting 2-3 days for unstaking is a meaningful upgrade. ## How Do You Restake Solana? The process takes about ten minutes across four steps. **Step one: get an LST.** Go to a liquid staking provider like Sanctum, Jito, or Marinade, connect your wallet, and deposit SOL. You'll receive an LST within minutes that represents your staked position and appreciates as rewards accrue. [Solana Liquid Staking Yields Ranked: Which LST Pays The Most In 2026A data-driven ranking of Solana’s largest liquid staking tokens by 10-epoch APY, showing which LSTs deliver the highest yields and why Infinity (INF) leads in 2026.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/icon/favicon-1.ico)Bart![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/thumbnail/lst-staking-yield-rankings.png)](https://sanctum.so/blog/solana-liquid-staking-yields-ranked-highest-paying-lsts-2026?ref=triana.media) **Step two: deposit into a restaking protocol.** Navigate to Jito Restaking, Fragmetric, or Solayer, connect your wallet, select your LST, and deposit into a restaking vault. You'll receive an LRT or VRT in return. **Step three: decide what to do with your LRT.** You can hold it and collect layered rewards, or go deeper by depositing into a lending protocol like Kamino, providing liquidity on Orca, or using it as collateral to borrow. Each additional layer adds yield and complexity. ## Solana Liquid Restaking Protocols Compared **Fragmetric** follows with around $30 million in TVL and 80,000+ participants. The protocol launched [fSOL](https://sanctum.so/blog/fragmetric-launches-fsol-lst-with-sanctum?ref=triana.media), a liquid staking token created through Sanctum's Staking as a Service product. Users can restake fSOL into fragSOL (Fragmetric's unified vault receipt token) to earn staking yield, MEV rewards, and restaking revenue from NCNs like Switchboard and Ping Network. Fragmetric accepts many commonly traded LSTs including Sanctum partner LSTs like fSOL, JupSOL, dfdvSOL, RoXSOL, and [bbSOL](https://sanctum.so/blog/bybit-bbsol-liquid-staking-token?ref=triana.media). It has also integrated [dfdvSOL](https://sanctum.so/blog/partnership-dfdv?ref=triana.media) from DeFi Development Corp., a publicly-traded company making it a first among liquid restaking protocols on Solana. **Jito Restaking** leads Solana's restaking market with approximately $34 million in TVL. Its TipRouter distributes MEV and priority fees directly to restakers, which means actual cash flow from block production rather than speculative points or future airdrops. Jito's restaking module allows users to stake virtually any SPL token to help secure Node Consensus Networks (NCNs). Jito doesn't offer its own user interface—instead, protocols like Kyros build on top of Jito's infrastructure. Kyros issues kySOL and kyJTO vault receipt tokens that let users access Jito restaking rewards while staying liquid. **Kyros** is a liquid restaking protocol built on Jito's restaking infrastructure. Users deposit SOL, JitoSOL, or JTO and receive kySOL or kyJTO in return. These tokens earn staking rewards, MEV via TipRouter, and NCN rewards while remaining usable across DeFi—Kamino, Exponent, and Sandglass all accept kySOL. **Solayer** holds approximately $25 million in TVL and takes a broader approach by letting you secure multiple AVS categories: MEV strategies, distributed computing, and oracle networks. Think of it as diversified restaking where your capital backs several services instead of concentrating on one. Solayer raised $12 million in seed funding led by Polychain Capital, with angel investors including Solana co-founder Anatoly Yakovenko. ## What LSTs Can I Use For Liquid Restaking? Your choice of LST sets your base yield and risk profile before restaking even enters the picture. **INF** bundles multiple LSTs into a single basket token, earning staking rewards plus trading fees from the Infinity pool. It's accepted at Solayer and typically carries a higher base APY than single-validator LSTs. **fSOL, JupSOL, dfdvSOL, RoxSOL, and bbSOL** are accepted by Fragmetric. If you want exposure to specific validators or already hold these tokens through Sanctum, Fragmetric provides a direct path to restaking. **JitoSOL and mSOL** have the broadest acceptance across restaking protocols. ## Where Does the Yield in Liquid Restaking Come From? Asking where yield comes from is essential. Unsourced yield is usually someone else's money leaving, ponzinomics dressed up in APY figures. Restaking yield traces to identifiable revenue streams. **Base staking rewards (6–10% APY)** come from Solana's inflation schedule. The network mints new SOL and distributes it to validators and their delegators for securing consensus. This is protocol-level income that's predictable and durable. **MEV and priority fees (1–3% additional)** come from the value embedded in transaction ordering. Users pay priority fees when they want faster execution, and searchers pay to capture arbitrage opportunities. Protocols like Jito aggregate this value and route it back to stakers, turning real economic activity into real revenue. **AVS payments (variable)** come from services that need security but don't want to bootstrap their own validator sets. An oracle network might pay restakers to back its price feeds, or a cross-chain bridge might pay for the economic security that makes its transfers trustworthy. These payments show up as token rewards, points, or direct distributions depending on the AVS. **Trading fees (1–2% for INF)** come from users swapping between LSTs in the Infinity pool. More trading volume means more yield, following standard DeFi economics rather than inflationary rewards. **DeFi yield (variable)** comes from what you do with your LRT after receiving it. Lend it on Kamino and earn borrower interest, provide liquidity on Orca and earn trading fees, or use it as collateral to borrow stablecoins and deploy that capital elsewhere. These layers are optional but can push total returns past 15%. On sustainability: base staking and MEV are durable revenue streams tied to Solana's ongoing operation. AVS payments depend on those services finding product-market fit. Points and airdrops are promotional spending that will eventually taper. Build your strategy around the durable yields and treat the rest as bonus. ## Why Is Solana Good For Restaking? Ethereum invented restaking through EigenLayer. So why consider Solana? **Cost and speed determine capital efficiency.** Solana transactions cost fractions of a cent and confirm in under a second, while Ethereum transactions cost dollars and take minutes. These lower costs and faster confirmations enable the whole point of restaking: you want to move assets between protocols, compound rewards, and adjust positions without friction eating your yield. On Ethereum, gas fees can wipe out weeks of earnings on smaller positions. On Solana, you can rebalance daily without thinking about costs. **Accessibility favors retail users.** EigenLayer's complexity (slashing conditions, operator selection, long unbonding periods) makes it effectively institutional. Retail users can participate, but the learning curve is steep and the stakes are high. Solana's restaking protocols launched with retail in mind, offering simpler interfaces, lower minimums, and more liquid tokens. **Throughput enables more use cases.** Solana handles thousands of transactions per second compared to Ethereum's 15-30 TPS on mainnet. For AVSs that need high-frequency operations like MEV routers, oracle updates, and gaming infrastructure, Solana's speed enables applications that would struggle on Ethereum. **Growth potential remains significant.** About 13.9% of staked SOL is currently liquid (63M out of 415M total staked), while Ethereum's liquid staking penetration sits near 30%. If Solana converges toward Ethereum's ratio, the liquid staking market has room to more than double, and restaking will grow with it. Ethereum's restaking ecosystem is larger, more battle-tested, and attracts more institutional capital. Solana's is younger, smaller, and carries more protocol risk. But for users seeking yield without five-figure minimums and triple-digit gas fees, Solana is where access actually exists. ## FAQ **What's the difference between staking, liquid staking, and restaking?** Staking locks your SOL to secure the network, so you earn rewards but lose liquidity. Liquid staking gives you a tradeable token representing your stake, so you earn rewards while keeping the ability to sell, lend, or use your position as collateral. Restaking takes your liquid stake and uses it to secure additional services, earning extra yield while maintaining liquidity through another token layer. **What are the risks of liquid restaking?** Smart contract bugs could drain funds, and each protocol layer adds attack surface. Validator misbehavior or downtime affects rewards, though typically not principal. AVS failures could disrupt the services paying your yield. Liquidity crunches during market stress could force unfavorable exits. To mitigate smart contract and validator risks, stick to audited protocols with track records, diversify across validators and AVSs, start with small positions, and never restake more than you can afford to lock for the 2–3 day unstaking period. **Which liquid restaking protocol should I start with?** Fragmetric is a good starting point. It accepts many common LSTs including fSOL, JupSOL, and dfdvSOL, and offers NCN rewards from Switchboard and Ping Network. **Can I lose my principal?** Yes, though it's unlikely with established protocols. Smart contract exploits are the main risk vector for losing your staked tokens. **How does Solana restaking compare to Ethereum restaking?** Ethereum's EigenLayer ecosystem holds roughly $18 billion in TVL compared to Solana's smaller restaking market of under $100 million combined. EigenLayer is more mature and attracts institutional capital, but it's also more expensive due to gas fees, more complex due to slashing and operator mechanics, and less accessible to retail users. Bitcoin restaking is also emerging as a major category, with Babylon alone holding over $4 billion. Choose based on your capital size, risk tolerance, and which ecosystem you're already active in. --- ❗ **Metrics in this article are from Jan 2026\. TVL and APY can change overtime but are accurate as of writing.* --- **Disclaimer:** This article is for informational purposes only and does not constitute financial, investment, or trading advice. The information provided should not be interpreted as an endorsement of any digital asset, security, or investment strategy. Readers should conduct their own research and consult with a licensed financial professional before making any investment decisions. The publisher and its contributors are not responsible for any losses that may arise from reliance on the information presented. ### Bybit Prepares To Make Its Banking Move URL: https://www.triana.media/bybit-prepares-to-make-its-banking-move/ Last updated: 2026-01-29T23:34:47.000Z Bybit is expanding beyond crypto trading as it prepares to roll out banking-style services that allow users to hold and transfer fiat currencies, signaling the exchange’s push toward a neobank-style model. The crypto exchange plans to launch a product called MyBank, which will offer accounts that support balances in U.S. dollars and other fiat currencies, CEO Ben Zhou said in an [interview with Bloomberg News](https://www.bloomberg.com/news/articles/2026-01-29/crypto-exchange-bybit-to-become-more-bank-like-with-new-accounts?ref=triana.media) on Thursday. The accounts are expected to go live next month, pending regulatory approval. MyBank accounts will come with International Bank Account Numbers, enabling users to send and receive up to 18 fiat currencies. Once funds arrive, users will be able to convert fiat into crypto directly within the Bybit platform. > “The moment that your pound or U.S. dollar arrives, you can choose to transfer it to crypto,” Zhou told Bloomberg. “That’s a huge update.” The move places Bybit in closer competition with crypto-native neobanks and fintech firms that have blended payments, banking, and digital asset services. Unlike companies such as Revolut and Robinhood, which added crypto features after building banking products, Bybit is taking the reverse approach by layering banking services on top of an existing crypto exchange. Bybit is offering MyBank accounts through partnerships with local banks, including Pave Bank, a Georgia-licensed lender, according to Bloomberg. The setup is designed to enable faster fiat-to-crypto conversions and reduce friction for users entering digital asset markets. With more than 81 million users across over 200 countries, Bybit is one of the largest crypto exchanges globally by trading volume. Zhou said the company’s geographic reach and network of partnerships with nearly 2,000 banks give it an advantage as it expands into financial services. The exchange is also exploring additional institutional products. Zhou said Bybit plans to introduce a custody offering aimed at institutional investors involved in tokenizing real-world assets. However, he said the company has no plans to enter the prediction markets space, citing compliance concerns. > “We looked and there had been a lot of compliance challenges,” Zhou said. “That’s why you haven’t seen any centralized exchanges launching these products.” The expansion comes as digital assets continue to move closer to the traditional banking system. The past year marked a shift toward greater regulatory clarity and financial integration, signaling crypto’s transition from the margins toward the core of global financial infrastructure. ### Senate Agriculture Committee Advances CFTC Regulation Bill Amid Partisan Divide URL: https://www.triana.media/senate-agriculture-committee-advances-cftc-regulation-bill-amid-partisan-divide/ Last updated: 2026-01-29T23:25:55.000Z The Senate Agriculture Committee voted Thursday to advance its portion of a long-awaited crypto market structure bill, marking the first time digital asset legislation of this scope has cleared a Senate committee. Lawmakers approved the Digital Commodity Intermediaries Act in a 12-11 party-line vote, moving forward a framework that would give the Commodity Futures Trading Commission expanded authority over digital commodities and establish a formal spot market regime for crypto trading platforms. The vote represents a procedural breakthrough for the crypto industry, which has pushed for clearer rules after years of enforcement-driven oversight. But the lack of Democratic support underscores the political friction that continues to surround digital asset regulation in Washington. > “This is a critical step toward creating clear rules for digital asset markets,” Senate Agriculture Committee Chairman John Boozman, R-Ark., said following the markup. He acknowledged that further negotiations will be required as the bill moves through Congress. The Agriculture Committee’s measure builds on the House-passed CLARITY Act, which advanced last summer with bipartisan backing. The Senate version sets out a legal definition for digital commodities, creates a registration framework for crypto intermediaries, and introduces consumer protections including disclosure requirements and conflict-of-interest safeguards. It also mandates coordination between the CFTC and the Securities and Exchange Commission and establishes a funding mechanism to support the CFTC’s expanded oversight role. Bipartisan talks broke down ahead of Thursday’s vote. Sen. Cory Booker, D-N.J., who helped negotiate a bipartisan discussion draft released in November, said Republicans abandoned key elements of that agreement. > “The product put before us today is not the bipartisan draft that we were working on,” Booker said during the hearing, pointing to unresolved concerns around ethics, national security, and the structure of the CFTC. Ethics issues dominated Democratic criticism of the bill, particularly as President Donald Trump and members of his family have become increasingly involved in crypto ventures. Booker argued the legislation failed to include guardrails that would prevent conflicts of interest at the highest levels of government. Democrats offered amendments that would have barred elected officials and their families from issuing or promoting digital assets, but none were adopted. Boozman said those issues fall outside the committee’s jurisdiction. Attention now shifts to the Senate Banking Committee, which holds parallel jurisdiction over crypto market structure due to its oversight of the SEC. That committee postponed a planned markup earlier this month after pushback from the crypto industry, including from Coinbase CEO Brian Armstrong. Armstrong has publicly criticized the Banking Committee’s draft, warning that certain provisions could constrain decentralized finance and effectively block tokenized equities from developing in the U.S. market. No new date has been set for the committee to revisit the legislation. For the bill to advance to the Senate floor, both committees must pass their respective versions and reconcile differences. While Thursday’s vote marks a milestone for crypto policy, the path forward remains uncertain as lawmakers navigate industry pressure, partisan divides, and unresolved regulatory questions. ### Ripple CEO Predicts Binance Will Return to U.S. Market as Exchange Takes “Wait-and-See” Approach URL: https://www.triana.media/ripple-ceo-predicts-binance-will-return-to-u-s-market-as-exchange-takes-wait-and-see-approach/ Last updated: 2026-01-21T21:54:21.000Z Ripple CEO [Brad Garlinghouse](https://x.com/bgarlinghouse?ref=triana.media) said he expects Binance to eventually return to the United States, citing the country’s importance as a major growth market for the world’s largest cryptocurrency exchange. Speaking at a CNBC event in Davos, Switzerland, Garlinghouse said Binance’s past presence in the U.S. and its global business model make a comeback likely. “It’s a very large market, and not that many years ago, they were a material player,” Garlinghouse said. “I think they’ll come back because they’re a capitalistic, innovative company that wants to solve larger markets and continue to grow.” Binance exited the U.S. in 2023 after reaching a $4.3 billion settlement with the U.S. Department of Justice. As part of the agreement, then-CEO Changpeng Zhao pleaded guilty to criminal charges related to the exchange’s failure to prevent money laundering. He today, coincidentally, posted a tweet saying, "Let's help make America the crypto capital of the world" in response to a clip showing President Donald Trump speaking at the World Economic Forum about crypto. > Let's help make America the crypto capital of the world. [https://t.co/shmvaxR0Uc](https://t.co/shmvaxR0Uc?ref=triana.media) > > — CZ 🔶 BNB (@cz\_binance) [January 21, 2026](https://twitter.com/cz%5Fbinance/status/2014037841794441631?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) ### Binance Calls U.S. a “Very Important Marketplace” While Garlinghouse expressed confidence in Binance’s return, the exchange itself has adopted a more cautious tone. Binance co-CEO Richard Teng told CNBC at Davos that the company views the U.S. as “a very important marketplace” but is currently taking a “wait-and-see” approach. “We are monitoring regulatory developments closely,” Teng said, adding that Binance is focused on operating within compliant frameworks globally. A Bloomberg report published in December suggested that Binance has been considering reentering the U.S. market following recent legal and regulatory developments. Zhao was also pardoned by President Trump in October, removing a key legal obstacle tied to the 2023 settlement. [Trump Pardons CZ: A New Era for BNB and US Crypto RelationsPresident Donald Trump has officially pardoned CZ, the founder and former CEO of Binance, closing one of the most consequential legal…![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/icon/PFP-5.png)Lorenzo ProtocolBart Hillerich![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/thumbnail/1-Z15j6-1QaoBgFMNOaaViuA.png)](https://lorenzo-protocol.ghost.io/trump-pardons-cz-a-new-era-for-bnb-and-us-crypto-relations/?ref=triana.media) ### Garlinghouse Says Competition Would Benefit U.S. Crypto Users Garlinghouse argued that Binance’s return would increase competition in the U.S. crypto market, potentially lowering costs for users and expanding access to digital assets. “I think it will actually have the positive impact of bringing more people into the market, in part because it’ll reduce pricing,” he said. “Today their pricing is lower on a global basis than what we see here in the U.S.” The U.S. crypto market has become increasingly concentrated following Binance’s exit, with platforms such as Coinbase dominating domestic trading volumes. ### Industry Divided Over New Crypto Regulation The comments come as U.S. lawmakers debate new crypto regulations, including the Clarity Act, a proposed framework for overseeing digital assets, and the previously passed Genius Act, which regulates stablecoins. Coinbase CEO Brian Armstrong recently criticized the Clarity Act, saying his company “can’t support the bill as written.” However, both Teng and Garlinghouse expressed support for regulatory clarity, even if early versions of legislation are imperfect. “Any regulation will be better than no regulation,” Teng said. “Once you have clarity, you can then start working around those rules.” Garlinghouse said he was surprised by Armstrong’s opposition. “The rest of the industry, including exchanges that compete with Coinbase, were still supporting it,” he said. “If we want the industry to continue to grow, we need things like the Genius Act and the Clarity Act.” ### Ripple’s RLUSD Stablecoin Expands on Binance The Davos comments coincided with fresh news involving both Ripple and Binance. Ripple’s U.S. dollar-backed stablecoin, RLUSD, is set to launch spot trading on Binance, beginning with Ethereum-based support. XRP Ledger integration is expected to follow. Initial trading pairs will include XRP/RLUSD and RLUSD/USDT. Binance also plans to expand RLUSD’s use through portfolio margin eligibility and future inclusion in Binance Earn products. Ripple has positioned RLUSD as a regulated, payments-focused stablecoin aimed at institutional users. The token is backed one-to-one by U.S. dollar deposits, short-term U.S. Treasuries, and cash equivalents, with monthly attestations for transparency. RLUSD’s market capitalization has recently surpassed $1.3 billion, reflecting growing demand for stablecoins designed for payments rather than speculative trading. The stablecoin is issued under a New York Department of Financial Services limited-purpose trust charter, and Ripple has received conditional approval for a U.S. Office of the Comptroller of the Currency charter. RLUSD has also been cleared for institutional use in Abu Dhabi, strengthening Ripple’s presence in the Middle East. Binance’s global reach is expected to significantly boost RLUSD’s visibility, particularly in emerging markets where stablecoins are used for remittances and access to U.S. dollars. ### A Potential Shift in U.S. Crypto Market Dynamics If Binance does return to the U.S., it could reshape the competitive landscape for crypto trading platforms, increase price competition, and expand access to digital assets for American users. For now, the exchange remains cautious, while industry leaders like Garlinghouse continue to signal confidence that regulatory clarity and market demand will eventually bring Binance back to the U.S. market. ### Donald Trump Jr Unveils World Liberty Forum URL: https://www.triana.media/donald-trump-jr-unveils-world-liberty-forum/ Last updated: 2026-01-26T19:38:47.000Z [World Liberty Financial](https://lorenzo-protocol.ghost.io/the-ultimate-guide-to-world-liberty-financial-2026/?ref=triana.media) co-founder Donald Trump Jr. today announced the World Liberty Forum, what he calls the "most exclusive event in technology and finance" at Mar-a-Lago, the Trump family estate in Palm Beach, Florida. The event is invitation-only, set for a "select group of 300 global leaders" to discuss the future of finance and technology, hosted by World Liberty Financial co-founders Eric Trump, Donald Trump Jr., Zach Witkoff, and Alex Witkoff. > GM ☝️ family — BIG ANNOUNCEMENT! Watch what our co‑founder [@DonaldJTrumpJr](https://twitter.com/DonaldJTrumpJr?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) has to say about the World Liberty Forum. [pic.twitter.com/rkTocmlkem](https://t.co/rkTocmlkem?ref=triana.media) > > — WLFI (@worldlibertyfi) [January 20, 2026](https://twitter.com/worldlibertyfi/status/2013632434613481610?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Unlike other industry events, there are no set scripts or talking points; the event is meant to facilitate conversations that can "only happen when the right people are in the room." > "The World Liberty Forum is a place where participants and attendees will express themselves freely. We'll have deep conversations about a better future and the path we need to get there." Already-confirmed speakers include David Solomon, Chairman & CEO of Goldman Sachs, Gianni Infantino, President of FIFA, and Jacob Helberg, U.S. Under Secretary for Economic Affairs. Prospective guests can apply as either an attendee, speaker, or media. Request an invite via the [event's website](https://worldlibertyforum.com/?ref=triana.media). ### Ranger Acquires Fora, Bringing Prediction Markets And Social Trading Infrastructure In-House URL: https://www.triana.media/ranger-acquires-fora-bringing-prediction-markets-and-social-trading-infrastructure-in-house/ Last updated: 2026-01-16T18:47:57.000Z [Ranger](https://www.app.ranger.finance/perps?ref=triana.media) has acquired [Fora](https://fora.co/markets?ref=triana.media), a Solana-based prediction markets and social trading platform, as part of its effort to accelerate product development and expand its onchain trading ecosystem. The acquisition was announced by Ranger on X, where the company said it will integrate Fora’s technology into its platform to support its long-term roadmap. Fora previously [placed third in the consumer track of the Solana Cypherpunk Hackathon](https://blog.colosseum.com/announcing-the-winners-of-the-solana-cypherpunk-hackathon/?ref=triana.media), a 2025 global competition organized by Colosseum and the Solana Foundation that attracted builders from more than 150 countries. Fora is known for its group chat-based trading experience and prediction markets infrastructure. According to Ranger, the acquisition brings several core components into its stack, including an orderbook-based prediction markets DEX, a React-based mobile app foundation (will serve as the starting point for Ranger's upcoming mobile app), copy trading infrastructure, and built-in social and group chat functionality. Fora founder [Kaner](https://x.com/0xKaner?ref=triana.media), confirmed the transition in a post stating that he will now lead Ranger’s technical team. He described the move as an opportunity to help build a “trading super app.” > Going to lead Rangers tech team now to build a trading super app. [https://t.co/OT5sWxKFTz](https://t.co/OT5sWxKFTz?ref=triana.media) > > — Kaner (@0xKaner) [January 14, 2026](https://twitter.com/0xKaner/status/2011474854919237902?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) The acquisition follows a series of major milestones for Ranger over the past year. Earlier this month, the company completed a [MetaDAO ICO](https://www.metadao.fi/projects/ranger/fundraise?ref=triana.media) that saw $86,398,012 committed from 8,761 contributors. Following the raise, Ranger [outlined a strategy](https://x.com/ranger%5Ffinance/status/2010773370124845501?s=20&ref=triana.media) focused on product execution, volume and revenue growth, distribution, and token alignment. Its near-term roadmap emphasized the expansion of perpetual futures integrations, improvements to trade execution quality, and the monetization and scaling of its vaults product. Ranger also launched its [RNGR token after the ICO](https://x.com/ranger%5Ffinance/status/2010072808727212045?s=20&ref=triana.media). The token currently sits at an approximate fully diluted valuation of $16.7 million, according to [Birdeye data](https://birdeye.so/solana/token/RNGRtJMbCveqCp7AC6U95KmrdKecFckaJZiWbPGmeta?ref=triana.media). Last year, Ranger expanded its trading infrastructure by [integrating Hyperliquid](https://www.rockawayx.com/insights/hyperliquid-goes-live-on-ranger?ref=triana.media) into its smart order routing system. The move allowed users to trade Hyperliquid perpetual markets directly through the Ranger interface without moving funds off Solana. The integration used Privy for wallet creation and Relay Protocol for cross-chain execution, enabling non-custodial access to external liquidity while keeping user activity within the Solana ecosystem. More details on how Fora's technology will be integrated into Ranger are expected to be shared soon. ### BNB Chain Activates Fermi Hard Fork, Bringing 0.45-Second Block Times to BSC URL: https://www.triana.media/bnb-chain-activates-fermi-hard-fork-bringing-0-45-second-block-times-to-bsc/ Last updated: 2026-01-15T18:58:32.000Z BNB Chain has successfully activated the Fermi hard fork on the BNB Smart Chain mainnet, reducing block production times from 0.75 seconds to approximately 0.45 seconds. The upgrade, delivered through the BSC v1.6.4 client release, marks the completion of the network’s multi phase short block interval roadmap and represents its fastest block times to date. Fermi is part of BNB Chain’s broader 2026 technology roadmap, which focuses on improving real world performance while maintaining network stability. According to BNB Chain, the hard fork strengthens fast finality rules, tightens block production timing, and improves responsiveness under high network load without compromising reliability. Nina Rong, executive director of growth at BNB Chain, said the upgrade prioritizes predictable performance alongside speed improvements. She noted that enhanced fast finality mechanisms and refined validator coordination rules were introduced to ensure the network remains stable even as blocks are produced more frequently. > To put everything into perspective, > \- in 2025, BSC processed 4.15B txns... > \- if the same amount of txns happens in the rest of 2026 > \- Fermi will save 1,245,094,897 seconds > \- that is 39.5 years saved in block times [https://t.co/HVElpkzcZX](https://t.co/HVElpkzcZX?ref=triana.media) > > — Nina Rong (@nina\_rong) [January 14, 2026](https://twitter.com/nina%5Frong/status/2011283386166624743?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) ## Faster Blocks and Stronger Finality The Fermi hard fork reduces the BSC block interval to 0.45 seconds under BEP 619, delivering faster transaction inclusion and shorter confirmation times for users and applications. To support this increased pace, BEP 590 introduces extended voting rules for fast finality. These changes help maintain reliable transaction finality as throughput rises and reduce the risk of confirmation delays during periods of congestion. Fast finality allows transactions to be confirmed with high confidence within a small number of blocks, enabling users and applications to treat transactions as irreversible more quickly. With Fermi, BNB Chain aims to preserve these guarantees even as block frequency increases. Additional improvements include incremental snapshot handling under BEP 593, a new non consensus based block level access list through BEP 592, and EVM performance enhancements via BEP 610. ## Built for Real-Time Applications BNB Chain designed the Fermi upgrade to support latency-sensitive applications such as onchain trading platforms, real-time DeFi protocols, interactive gaming experiences, and responsive crypto wallets. The network said the focus was on real-world stability rather than maximum theoretical throughput, ensuring consistent performance during high usage periods driven by DeFi activity, meme coin trading, and heavy wallet usage. Most existing decentralized applications and smart contracts require no changes to remain compatible. However, developers relying on fixed timing assumptions or polling-based transaction monitoring are encouraged to review their confirmation logic due to the faster block intervals. ## Network Activity Remains High BNB Smart Chain processed approximately 3.89 billion transactions in 2025, ranking second only to Solana in total onchain activity. In 2024, the network processed 4.15 billion transactions. Rong said that if BSC processes a similar volume this year, the reduced block times introduced by Fermi could save more than 1.24 billion seconds in total block production time, equivalent to roughly 39.5 years. Binance co-founder Changpeng Zhao acknowledged the upgrade in a brief post on X, writing, “Continue to Build.” With blocks now produced every 0.45 seconds and transaction finality approaching one second, BNB Chain continues to distinguish itself from Ethereum’s base layer, which produces blocks approximately every 12 seconds. The network remains fully compatible with the Ethereum Virtual Machine while approaching the performance levels of faster non-EVM chains like Solana. ## Operational Requirements for Validators and Nodes Validators and node operators were required to upgrade to v1.6.4 or later before the January 14 activation. Following the upgrade, nodes trigger snapshot regeneration and log indexing processes during first startup. On BNB Chain’s reference hardware, snapshot regeneration takes approximately five hours and may temporarily reduce node performance. The process supports the transition toward incremental snapshot handling, which improves long term operational efficiency. The v1.6.x client series also introduces a new log indexing mechanism starting from block 59,484,738\. Operators can limit indexing to recent history if full archival logs are not required. Faster block production also places tighter demands on validator infrastructure, particularly in networking, disk I O, and block propagation performance. ## Part of a Broader 2026 Roadmap BNB Chain said Fermi reflects lessons learned from operating the network at scale and represents a shift toward refining everyday performance rather than focusing solely on peak throughput. As outlined in its [2026 technology roadmap](https://www.bnbchain.org/en/blog/tech-roadmap-2026?ref=triana.media), the network aims to deliver faster execution under real production conditions, predictable performance for applications, and infrastructure that scales without increasing operational complexity. More upgrades are planned as BNB Chain continues to evolve its performance, reliability, and developer experience to support the next phase of onchain growth. ### What Is A 51% Attack And How Do They Work? URL: https://www.triana.media/what-is-a-51-attack-and-how-do-they-work/ Last updated: 2026-01-14T23:18:53.000Z Decentralization is one of the core principles of the cryptocurrency economy. Instead of relying on a single company or entity, blockchains generally rely on a distributed network of nodes that help ensure they remain secure and operate efficiently. Because of this, blockchains can be incredibly resilient in the face of attempted attacks. But there’s one type of vulnerability, called a 51% attack, that stands out from the rest, due to its potential to completely undermine that principle of decentralization. But what exactly is a 51% attack? Here’s everything you need to know. ## What Is A 51% Attack? A 51% attack is a type of attack on a blockchain network where one entity gains control over more than half (51%) of that blockchain’s mining hash rate, computational power, or staked tokens. By centralizing the control of a blockchain into the hands of a single bad actor or entity, 51% attacks have the [potential to subvert the principles](https://hacken.io/discover/51-percent-attack/?ref=triana.media) of decentralization, security, and trustlessness that define blockchains. The concept of such attacks has been discussed since the early days of bitcoin, including in Satoshi Nakamoto’s original bitcoin whitepaper from 2008. If an entity were to gain control over 51% (or more) of a network, it could allow them to significantly disrupt the integrity of that blockchain in a variety of ways, including reversing transactions, blocking new transactions from being confirmed, the double-spending of tokens, or even the creation of an alternative version of that blockchain (known as a “fork”) that could fragment the network and confuse users. ## How Does A 51% Attack Work? Any 51% attack starts with the exploiters trying to gain majority control over that blockchain. While typically, risks around 51% attacks have centered around proof-of-work blockchains like bitcoin, they’re theoretically possible on proof-of-stake chains as well. For a proof-of-work chain, where miners compete to solve complex cryptographic puzzles in exchange for block rewards, attempting a 51% attack would require the attacker to amass enough computational power to take over the network. This typically means buying or building enough mining rigs that they’ve amassed at least as much power as the rest of all the other miners in the network combined – if not more. Alternatively, an attacker could join, or create, malicious mining pools, which are essentially miners who combine their computational power to work together and increase their chances of earning rewards. If an attacker is able to influence enough miners to join a pool, they could potentially accumulate 51% of a network’s hashrate. Once the exploiter gains control over 51% of the network, they have a [range of options](https://hacken.io/insights/blockchain-security-vulnerabilities/?ref=triana.media) at their disposal. They can opt to: **Partition The Chain** This means that the hacking group or entity has essentially segregated its group away from the main network’s miners. With this separation, the hackers can continue with mining operations but can refrain from sharing updates with the primary network. **Add New Blocks** With the majority of the network under their control, the attacking entity could also opt to add blocks to the blockchain faster than the rest of the network can. If the attack continues for some time, eventually the difference in length between the two versions of that blockchain will become proportional to the difference in the hashing power between the hackers and the main network. **Reintegrate With The Network** If the hacking group opts to rejoin the network following the initial partition, the original network, and the competing version created by the hackers will both begin spreading through the entire network. If the new chain has more blocks than the initial chain, then typically the new chain will replace the original chain, meaning that the attackers will have gained the ability to execute a wide variety of potential threats. # What Are The Risks Of A 51% Attack? If an attacker was able to [successfully acquire](https://www.coinbase.com/learn/crypto-glossary/what-is-a-51-percent-attack-and-what-are-the-risks?ref=triana.media) enough computing power to partition a chance, add new blocks, and then reintegrate that new chain with the original network, then there can be serious implications for that blockchain and its users, including: **Double-spending** Upon the advent of digital currencies and assets, a key concern was around the potential to “double-spend.” Since digital currencies are just data, they can potentially be copied and spent more than once if not managed properly. But through blockchain and its consensus mechanisms, it can be ensured that only valid transactions are recorded and that once a transaction is confirmed, it can’t be altered or reversed. But if an attacker gained control over 51% of a network, all that goes out the window, and the most feared consequence is that they’d move to try to double-spend tokens. To do this, the attackers would first need to record a regular transaction. Then, they could use their control over the network to change the blockchain to show that they never spent the money at all, and repeat that over, and over. **Denial Of Service Attack** Another potential consequence of a 51% attack is a denial of service attack. Essentially, the attacker could block the addresses of other miners, making it impossible for certain transactions to be confirmed. At the same time, since attackers have control over most of the network, they’d be able to potentially prioritize their own transactions over the legitimate ones that they’re blocking. This would not only delay real users but could also lead to the attacker’s false transactions becoming permanent. **Loss Of Trust** Blockchains operate on a trustless nature. Since there’s no centralized entity in control, trust is essentially distributed across the network of nodes and miners. When operating correctly, this means that there’s no single point of failure, and that it’s extremely difficult for a blockchain to confirm an illegitimate transaction. But after a 51% attack, a user’s trust in that blockchain could be permanently eroded because of the seriousness of the exploit, which could make it challenging to retain users, could lead to a drop in that network’s native currency, and could make it difficult to continue to grow and scale that chain. ## Are 51% Attacks Likely? While 51% attacks might be the most feared of all potential blockchain exploits, they’re actually extremely unlikely – at least for major blockchains. To successfully take over 51% of the bitcoin network, for example, it would cost an estimated $20 billion to do so. And to take over 51% of all staked ETH tokens, it could cost even more. And as these blockchains acquire more users and become more decentralized, the task only grows more difficult. To take over bitcoin’s network, the exploiter would have to not only have the funds to buy billions of dollars of mining equipment, but also have the funds to pay massive electricity bills to keep them running, in addition to even finding a source for such a hefty amount of computing power. Bitcoin mining uses up as much electricity as some entire nations, meaning the costs would add up quickly, since taking over the network would require even *more* power. Beyond the sheer cost, there’s also no guarantee that if one did take over 51% of the network, it would be successful. Theoretically, validators and miners could also coordinate against a suspected hacker, and have options including choosing to restart the blockchain from a period in time before the hack happened. For the largest, most-used blockchains, these potential deterrents have been strong enough to avoid a 51% attack. But smaller blockchains that don’t have as much mining power or staked tokens can be far more vulnerable. Successful 51% attacks in recent years include: **Bitcoin Gold:** This blockchain was [51% attacked twice](https://cointelegraph.com/news/bitcoin-gold-blockchain-hit-by-51-attack-leading-to-70k-double-spend?ref=triana.media), first in 2018 and then in 2020\. In 2018, the 51% attack led to $18 million in double-spending of the chain’s native token. In 2020, the blockchain was exploited again, to the tune of around $70,000 in double-spending. **Ethereum Classic:** Ethereum Classic has been the subject of [multiple 51% attacks](https://www.coindesk.com/markets/2020/08/29/ethereum-classic-hit-by-third-51-attack-in-a-month/?ref=triana.media), stemming from the fact that it is a relatively lightly used blockchain. In 2020, ETC suffered three 51% attacks in the span of a month. In one of the attacks, an exploiter paid around $200,000 to acquire enough computing power to take over the chain, then went on to double-spend more than $5.5 million in ETC tokens. **Vertcoin:** A largely unknown blockchain, Vertcoin was [51% attacked](https://www.coindesk.com/tech/2019/12/02/the-vertcoin-cryptocurrency-just-got-51-attacked-again/?ref=triana.media) in 2018 and in 2019\. In its first exploit, about $100,000 in the blockchain’s native currency was double-spent. ## Bitcoin Remains Secure While 51% attacks are possible in theory and they have occurred on smaller, less secure blockchains, they’re an extremely unlikely threat for the most major blockchains in the cryptocurrency ecosystem. The scale of the financial, logistical, and computational resources required to execute such an attack acts as a powerful deterrent. At the same time, the fact that 51% attacks are possible in theory underscores the necessity of maintaining a robust and sufficiently decentralized network and ensuring security remains paramount. ### Why Bitcoin Is Essential To The Future Of Global Energy URL: https://www.triana.media/why-bitcoin-is-essential-to-the-future-of-global-energy/ Last updated: 2026-01-14T22:45:14.000Z Bitcoin is known as a completely digital phenomenon, which still turns off some people who prefer their financial system to involve something which they can hold in the palm of their hands. However, the reality is the bitcoin network very much interacts with the physical world via the mining process. In fact, the energy-intensive nature of bitcoin mining makes bitcoin an essential component of the future of global energy markets due to the way it changes the demand side of the equation for energy producers. [What Is Bitcoin Mining?An introduction to Bitcoin mining, explaining how proof-of-work secures the network, verifies transactions, mints new Bitcoin, and why the process is energy-intensive and controversial.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/icon/PFP-2.png)Lorenzo ProtocolBart Hillerich![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/thumbnail/Template--36-.png)](https://lorenzo-protocol.ghost.io/what-is-bitcoin-mining-guide/?ref=triana.media) While creating an ultimate buyer of last resort is the most critical change that bitcoin mining brings to energy markets, there are also second order factors to consider. Whether it’s improving the economics of renewable energy sources or enabling nation states to better capitalize on their local energy production, it’s clear bitcoin mining is having a massive impact on global energy usage. And this is all despite the large amount of fear, uncertainty, and doubt regarding the bitcoin industry which has been heavily promoted in the mainstream press. So, what’s the reality of bitcoin’s impact on the future of global energy? And why does the bitcoin network require so much energy to function in the first place? Let’s take a deep dive on the matter, including real world examples of how the bitcoin mining process is already changing the energy market. ## Why Bitcoin Uses So Much Energy The key innovation with bitcoin was finding a decentralized solution to the double-spending problem, which enabled the first form of a decentralized digital cash system. Previous attempts at the development of digital cash had failed, as the entities in control of ordering transactions and preventing the same money being spent more than once were centralized. Gold-backed digital currencies that did not surveil their users, such as [E-Gold](https://www.wired.com/2009/06/e-gold/?ref=triana.media) and [Liberty Reserve](https://www.justice.gov/opa/pr/founder-liberty-reserve-pleads-guilty-laundering-more-250-million-through-his-digital?ref=triana.media), were shut down by the U.S. government, and a decentralized solution was needed to make a digital cash system resistant to legal and regulatory attacks. Bitcoin creator [Satoshi Nakamoto](https://lorenzo-protocol.ghost.io/who-is-satoshi-nakamoto/?ref=triana.media) solved the double-spending problem by launching a decentralized network of miners who would take on the task of ordering transactions in a digital cash system. To prove their value and trustworthiness to the network, miners expend energy in an easily provable way via a process known as proof of work (PoW). By finding the solution to a math problem, a miner can prove they have spent a certain amount of energy on computational resources. Since the miner is expending resources and incurring these upfront costs, they are incentivized to act honestly in exchange for newly-issued bitcoin and transaction fees. It should be noted that, contrary to previously held beliefs by some bitcoin users, miners do not have control over users of the bitcoin network and are simply needed to order transactions properly in a chain of blocks (commonly known as the blockchain). *Read more about how nodes, not miners, are in control of the bitcoin network in our explanatory piece regarding the blocksize war:* [What Was The Bitcoin Block Size War?The Bitcoin Block Size War was a major debate from 2015 to 2017 over scaling, decentralization, and protocol governance, shaping Bitcoin’s future and reinforcing its role as a secure, immutable digital asset.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/icon/Global-Profile-Picture.png)Triana: Crypto News, Insights, StoriesBart Hillerich![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/thumbnail/indonesiacryptonetwork_A_dramatic_scene_showing_a_large_glowing_1c1c7b27-b281-4e39-9681-80ca846962a4.png)](https://www.triana.media/what-was-the-bitcoin-block-size-war/) In other words, bitcoin’s impact on the global energy industry is a direct result of the PoW mining process that is used to order transactions on the network in a decentralized manner, which has resulted in a large amount of energy usage. Over time, the amount of energy expended by miners through this PoW mining process has exploded. While early bitcoin users were able to mine bitcoin with nothing more than a single laptop, the mining process has grown into a specialized industry these days with hardware built specifically for use in the bitcoin mining process, and access to cheap electricity becoming a key component of a profitable mining operation. In fact, there are now a number of bitcoin mining companies that are publicly traded on various stock markets around the world. Currently, the bitcoin network hashrate is estimated at [roughly 650 million terahashes per second](https://www.blockchain.com/explorer/charts/hash-rate?ref=triana.media). This amounts to implied energy usage of 2% of all energy use in the United States and 29% of the energy used in the United Kingdom, [according to *Digiconomist*](https://digiconomist.net/bitcoin-energy-consumption?ref=triana.media). In fact, the bitcoin network’s total energy use is estimated to be somewhere around that of Kazakhstan and/or the Philippines, as examples. ## Disputing The Attacks On Bitcoin’s Energy Use Most of the discussion around bitcoin’s energy use in the mainstream press up to this point has been rather negative in nature, and it makes sense to refute some of these claims before going further down the bitcoin energy rabbit hole. There are three common ways in which this relatively new use of global energy has been attacked so far. Firstly, many people tend to view bitcoin’s use of energy as a strict negative, with many commentators referring to bitcoin’s energy use as wasteful. Secondly, bitcoin has seen heavy criticism related to the kind of energy that is used to power the network’s hashrate. In other words, the second concern revolves around bitcoin mining’s potentially negative impact on the environment and climate change. Thirdly, it is often stated that alternative mechanisms for solving the double-spending problem, such as proof of stake (PoS) or traditional, centralized databases, can do the same things as bitcoin while using much lower amounts of energy. ### Myth #1: Bitcoin Mining Wastes Energy The first point is rather subjective and can be rejected rather quickly on those grounds. Those who say bitcoin is wasting energy are simply making a value judgment on bitcoin itself. They do not see the value of bitcoin, so they think any use of energy to power the network is inherently wasteful. It would be no different from someone who does not celebrate Christmas complaining about the energy that is used to power Christmas lights during the holiday season. In reality, the market is likely the best measure as to whether bitcoin is a waste of energy or not. It’s clear that many people around the world value what the bitcoin asset and network provide in terms of its use as a global, apolitical financial system, and the amount of energy that is used in the mining process is a direct reflection of that valuation. In other words, the people who say bitcoin mining is wasteful are empirically wrong. It should also be noted that many estimates regarding the amount of energy the bitcoin network will use in the future have been wrong and based on false assumptions. For example, various studies regarding the energy use involved in a single bitcoin transaction are oftentimes ignorant of Bitcoin Layer 2 networks such as Lightning Network. As bitcoin continues to grow over time, it is likely that a single transaction on the base bitcoin blockchain will represent thousands of bitcoin transfers on these secondary protocol layers. One of the most notable examples of the hysteria that has been built around bitcoin’s energy use was a 2017 *Newsweek* article titled, “[Bitcoin Mining on Track to Consume All of the World's Energy by 2020](https://www.newsweek.com/bitcoin-mining-track-consume-worlds-energy-2020-744036?ref=triana.media).” It should also be noted that a large percentage of current global energy production is wasted, which is an area where bitcoin mining’s flexibility in terms of instantly turning the hardware devices on or off to help balance electrical grids can be extremely helpful. In fact, [according to Core Scientific founder Darin Feinstein](https://x.com/DarinFeinstein/status/1534989327180218392?ref=triana.media), the amount of energy that is wasted globally on a yearly basis could power 200 bitcoin networks, as of 2022. ### Myth #2: Bitcoin Mining Is Bad For The Environment The response to the second criticism of bitcoin mining being bad for the environment is similar to the response to the first criticism. In both cases, bitcoin is being subjectively put into a separate category as compared to all other uses of electricity. Bitcoin mining devices are simply plugged into the local electrical grid in a manner no different than a Tesla vehicle. The type of energy used to power the bitcoin’s network hashrate simply depends on the types of energy that are available in various locations around the world. Riot Platforms infamously countered the environmental concerns around bitcoin mining by pointing out that bitcoin mining devices themselves do not emit any carbon in a parody of the claims being made against the industry in an article by *The New York Times*. While the video was meant to be comical, the point that was being made is that the emissions come from the energy generation sources themselves and not from the bitcoin miners. > Bitcoin mining has zero carbon emissions. [pic.twitter.com/dOO4wZpSW6](https://t.co/dOO4wZpSW6?ref=triana.media) > > — Riot Platforms, Inc. (@RiotPlatforms) [April 10, 2023](https://twitter.com/RiotPlatforms/status/1645473961004892162?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Those who are concerned about a potential negative impact of bitcoin mining on the environment should aim their frustration at the energy providers themselves rather than the bitcoin miners who are simply following the local laws and regulations to operate their businesses. Bitcoin miners will use whatever is the cheapest form of energy generation in the world. And in many cases, that form of energy does indeed come in a renewable form. They have nothing against clean, sustainable forms of energy, and they would definitely use those forms of energy to power their businesses if the financial incentives lead them in that direction. On top of all that, it’s also important to note that nearly 60% of bitcoin’s network hashrate does come from clean energy sources, [according to August 2023 data from the Bitcoin Mining Council](https://bitcoinminingcouncil.com/bitcoin-mining-council-survey-confirms-year-on-year-improvements-in-sustainable-power-and-technological-efficiency-in-h1-2023/?ref=triana.media). This is much higher than the ratio of renewables found in global energy production, which is [estimated](https://ourworldindata.org/renewable-energy?ref=triana.media) at one-seventh by *Our World in Data*. From this perspective, it would appear that environmentalists would be better off directing their anger towards other industries if they’re going to be subjective about energy being used for specific purposes. In fact, bitcoin mining has the side effect of improving the economics of various sustainable energy sources, which will get to later in this article. With this in mind, it’s also worth pointing out that one of the more notable campaigns for complaining about bitcoin’s supposed negative effect on climate change, which is the “Change the Code, Not the Climate” campaign from Greenpeace USA, is [funded](https://www.bloomberg.com/news/articles/2022-03-29/greenpeace-crypto-billionaire-lobby-to-change-bitcoin-s-code?ref=triana.media) by the co-founder of a more centralized bitcoin competitor known as xrp, invented and produced by Ripple, which is a company we’ll cover in the next section. ## Myth #3: Bitcoin Doesn’t Need Proof Of Work Finally, the criticism that alternatives to bitcoin, such as [Ethereum](https://ethereum.org/en/?ref=triana.media) or [Venmo](https://venmo.com/?ref=triana.media), prove that bitcoin mining is indeed a wasteful process misses the entire value proposition of bitcoin as a cryptocurrency. While it’s true that Ethereum and other cryptocurrency networks’ use of PoS dramatically lowers the amount of energy that is used in their respective consensus mechanisms, PoS is generally seen as less secure and more centralized than PoW by many bitcoin experts. For example, bitcoin’s use of PoW enables the transactions on the network to be processed by an ever-changing, dynamic group of miners rather than a mostly static, increasingly enshrined group of stakeholders. This is due to the fact that a staker must sell some of their stake in order for their role in network consensus to decline, while in bitcoin existing miners can be simply outcompeted by new entrants. As covered previously, the point of bitcoin is to have a sufficiently decentralized form of digital cash that cannot be controlled by some entity or group of entities that effectively become a new trusted third party in the network. In addition to the concerns around centralization and security related to PoS, bitcoin is also extremely difficult to change, especially when it comes to something as ingrained in the system as the PoW mining process (as illustrated by the bitcoin blocksize war). Simply put, a proposal to change bitcoin from PoW to PoS would be a nonstarter. Indeed, Greenpeace’s Ripple-co-founder-funded campaign to make this exact change has basically gone nowhere. Notably, Ripple was previously also sued by the U.S. Securities and Exchange Commission for unregistered securities offerings as part of its more easily attacked bitcoin competitor. It’s also worth noting that PoS can be used as consensus mechanisms for [Bitcoin Layer 2 networks](https://lorenzo-protocol.ghost.io/the-beginners-guide-to-bitcoin-layer-2s/?ref=triana.media) without any necessary protocol changes at the Bitcoin Layer 1 level. This allows more experimentation to take place on bitcoin without affecting the base layer, like that which has been conducted by teams like [Lorenzo Protocol](https://www.lorenzo-protocol.xyz/home?ref=triana.media), [Babylon](https://www.triana.media/sui-to-become-bitcoin-secured-network-as-part-of-babylons-phase-3/), and dozens of others. In terms of comparisons of bitcoin to financial technology apps such as Venmo and Cash App, which have been [made](https://x.com/NeilJacobs/status/1633486371724591105?ref=triana.media) by the likes of Nobel Laureate and New York Times columnist Paul Krugman, there is a complete misunderstanding of bitcoin’s underlying value proposition. Bitcoin is a permissionless and censorship-resistant digital cash system with its own monetary asset that works globally. On the other hand, apps like Venmo are completely surveilled, are only compatible with U.S. dollars, can restrict access to specific users, can censor transactions, and only work in the U.S. The two systems are simply not comparable. ## How Bitcoin Is An Essential Component Of The Global Energy Equation The main variable of the global energy equation altered by the emergence of bitcoin mining is the ability to instantly convert any form of energy into digital money, namely bitcoin. Bitcoin mining is effectively a buyer of last resort when it comes to energy, which means less energy is wasted. Various forms of energy can come with a large amount of waste due to the fact that energy demands can vary. The simplest example here is that energy demands tend to collapse at night when most people are sleeping. Much of the energy generated during this time is effectively wasted if it cannot be stored properly, which tends to be the case. By having a new source of demand for energy around the clock and all days of the week, energy providers can increase their revenue and remove a large amount of waste from their business. For example, extra natural gas extracted from oil is usually burned through a process known as flaring due to a lack of nearby infrastructure to provide demand and make it economical to capture and sell. By using a mobile generator, oil production sites can use this excess energy for bitcoin mining and reduce the need to flare gas. Not only does this improve the oil producer’s bottom line, but it also leads to less carbon emissions due to the reduction of flaring. Other examples of wasted energy can be found in solar and wind, as these forms of renewable energy tend to have spikes in supply based on local weather conditions that surpass demand. Due to the improved financial reality that bitcoin mining can provide to energy producers, the process of mining bitcoin has moved closer and closer to direct sources of energy over time. This gradual move from hobbyists plugging mining equipment into their home electricity connection to energy producers relying on bitcoin mining to improve their bottom lines makes sense when you consider that electricity is the key expense involved in the bitcoin mining process. In addition to improving the financial situation for energy producers by providing a constant source of demand, bitcoin mining can also be used as a stabilizing force for energy grids. This is because a bitcoin mining operation can be turned on or off in an instant with the flip of a switch without causing further damage to the underlying business. For example, having an Amazon warehouse instantly drop its consumption of energy from the grid would lead to a number of additional issues for that business such as packages not getting delivered. With a bitcoin mining operation, the business equation is simply energy goes in and bitcoin comes out. There aren’t other aspects of the business that are negatively affected by a power outage. This is an incredibly rare attribute when it comes to major consumers of electricity, and it makes bitcoin mining the perfect ingredient in demand response protocols where miners can get paid to turn off their hardware devices in times when demand for electricity spikes. Conversely, bitcoin miners are also able to turn on additional mining capacity in times of low demand. The goal here is to keep the amount of demand for electricity matched up with the available supply, which helps prevent waste, malfunctions related to frequency or voltage instability, and rolling blackouts. The efficiency gains that come with a more stable energy grid that can be enabled by bitcoin mining have been compared to the ways in which cars use gas more efficiently when traveling at a constant speed on a highway as opposed to the stop-and-go traffic of city streets. Additionally, a stable grid also leads to stable and more predictable energy prices. This is especially useful in remote areas with microgrids or underdeveloped electrical infrastructure. ## When Bitcoin Mining Goes Wrong Of course, there have been a number of instances where bitcoin mining has turned out to be more of a stress on existing grids rather than a stabilizing effect. However, these cases tend to involve miners moving into a particular area and using as much cheap energy as possible rather than being integrated as part of a stabilizing tool for the grid itself. For example, bitcoin miners that flocked to Kazakhstan in search of low electricity costs ended up turning the country’s power surplus into a deficit through overuse. [According to *MIT Technology Review*](https://www.technologyreview.com/2023/01/12/1066589/bitcoin-mining-boom-kazakhstan/?ref=triana.media), this overloading of Kazakhstan’s electricity grid partially came as a result of tax breaks, crony politics, and a relaxed governance structure. By the end of 2021, bitcoin miners were using 7% of Kazakhstan’s energy supply. As a result, power shortages and blackouts became commonplace. Eventually, public protests led to the government cutting bitcoin miners off of the electrical grid. This situation in Kazakhstan illustrates how bitcoin mining is simply a tool that is also open to misuse. For this new tool for the energy industry to be beneficial to society as a whole, it needs to be implemented in the correct manner. Governments and energy producers can use bitcoin mining to improve the energy grid and the viability of various power generation schemes; however, lawmakers and regulators also need to be on the lookout for bitcoin miners who just want to use preexisting incentive structures to exploit local energy grids. ## A Boon For Sustainable Energy Sources As covered previously, bitcoin mining has been heavily and wrongly attacked for the amount of carbon emissions that happen as a result of the energy used in the mining process. And in reality, bitcoin mining can actually improve the economics of various forms of renewable energy. For example, bitcoin mining can be helpful in not wasting as much unused energy when it comes to wind and solar energy plants. These forms of energy tend to generate excess power at specific parts of the day, which is then curtailed and basically thrown away. While the wind is still blowing at night and generating power, this is also when most people are sleeping and not using as much energy. Additionally, solar power generation tends to peak at the middle of the day, which leads to excess power generation during that time. However, when bitcoin mining is added to the equation, the revenue generated by these renewable energy sources can be massively increased thanks to the constant demand for electricity that is involved in the mining process. This steady and predictable demand for electricity from the bitcoin mining process can go as far as incentivizing the creation of new power plants based on renewable energy or revitalizing failing renewable energy plants. And as covered previously, the stabilization bitcoin mining can provide to the grid more generally can also be particularly beneficial in systems that incorporate wind and solar, which are notably more volatile in terms of energy production levels. Grids based on renewable energy sources oftentimes have to revert to balancing themselves through purchases of additional, dirty energy from other grids; however, a stabilization solution involving bitcoin mining removes this need to depend on less desirable sources of energy in certain situations. While it’s true that bitcoin mining effectively improves the profitability of any source of energy, this impact is felt most heavily in renewable forms of energy due to the more volatile energy supply shocks that tend to be found with those sources. In this way, bitcoin mining can act as an accelerant for those who would like to see the world move to an economy that is more dependent on renewable energy sources. This was also the finding of a report ([PDF](https://bitcoin.energy/files/BCEI%5FWhite%5FPaper.pdf?ref=triana.media)) released by the Bitcoin Clean Energy Initiative (BCEI) back in 2021\. According to the report, “Bitcoin mining presents an opportunity to accelerate the global energy transition to renewables by serving as a complementary technology for clean energy production and storage.” The BCEI was originally founded by Block, which was known as Square at the time and now works on a number of different bitcoin-focused initiatives, in addition to its more well-known products like Square and Cash App. The purest form of bitcoin mining’s ability to accelerate the development of renewable energy sources comes from the fact that bitcoin miners can be placed at renewable energy plants before a grid has even been developed. This helps calm the fears of investors who are needed for the plant to be built in the first place. Even in a scenario where the plant remains isolated and more development does not take place around it, these investors can ensure they’ll have at least one major source of revenue in the form of bitcoin mining. At the end of the day, bitcoin miners are effectively incentivized to seek out areas where there is too much energy as compared to local demand and improve the economics of those energy sources. ## Bitcoin’s Role In Energy Underscores Its Geopolitical Importance Bitcoin mining also changes the global energy market from a geopolitical perspective. An energy market where excess production can be converted into bitcoin is very different from one where that energy can only be monetized by selling it to the highest bidder that is deemed acceptable by the global community of nations. For example, a country that has been sanctioned by the United States and its allies may find it more difficult to find a buyer for their excess energy. However, they are now able to monetize this energy in a permissionless, unregulated manner through bitcoin mining. The bitcoin asset itself is notable for its ability to offer an alternative to the current global financial system, which is largely dominated by the U.S. And by mining bitcoin, these nation states are able to establish a decentralized computer network as a key trade partner that exists outside of the current geopolitical power structure. Notably, Russia [passed a law](https://www.coindesk.com/policy/2024/07/30/russia-legalizes-crypto-mining-and-brings-an-experimental-regime/?ref=triana.media) to legalize bitcoin mining at a time when it is also facing economic sanctions from the U.S. and others as a response to the invasion of Ukraine. [Iran](https://www.theblock.co/post/292206/warren-iran-bitcoin-mining-letter?ref=triana.media) has also joined the fun, and this trend of energy-rich geopolitical opponents of the U.S. getting into bitcoin mining should not be viewed as a coincidence. That said, the U.S. itself is also becoming a global hub of this activity. Bitcoin mining could alter the global power structure in a way that benefits energy-rich countries, as they stand to benefit the most from the emergence of the bitcoin mining industry. This also gives these countries an incentive to be supportive of bitcoin more generally, as more activity on the bitcoin network means more revenue for bitcoin miners. Of course, every country should be aware of this alteration to the economics of energy production, as any energy producer stands to see increased revenue. ## Projects That Illustrate Bitcoin’s Global Energy Impact Now that the basic premise behind bitcoin mining’s impact on the global energy market has been explained, let’s take a look at some of the more prominent projects around the world that have illustrated the general thesis that has been outlined so far. ### Balancing Texas’s Electrical Grid One of the most notable illustrations of bitcoin mining’s ability to stabilize an energy grid can be found in Texas. The Texas power grid, managed by the Electric Reliability Council of Texas (ERCOT), has previously faced challenges with fluctuating energy prices and occasional service disruptions. After multiple snowstorms in late 2021, the power grid came [just minutes from a complete failure](https://en.wikipedia.org/wiki/2021%5FTexas%5Fpower%5Fcrisis?ref=triana.media). Amid these issues, the growing bitcoin mining industry in the state saw an opportunity to help stabilize the grid, an idea that U.S. Senator Ted Cruz found to be compelling. The general idea is based around how bitcoin miners can quickly adjust their energy usage. This flexibility is crucial in a grid like ERCOT’s, which requires a delicate balance between energy supply and demand. By absorbing surplus energy that would otherwise be wasted, particularly from renewable sources like wind and solar, bitcoin miners help maintain this balance. This balance ensures that the entire grid remains stable and avoids disastrous scenarios where power plants go dark and blackouts occur. The setup in Texas is particularly advantageous for the bitcoin mining industry, as the miners are paid to power down their operations when other entities connected to the grid need access to power. While critics of ERCOT’s bitcoin mining plan to stabilize the grid say that this simply increases the demand for power across the grid in aggregate at a time when the system is already under stress, the reality is the implementation of bitcoin mining across the grid leads to the generation of more power generally, meaning there is excess power that can be accessed in rare instances where the demand for power spikes. ERCOT’s plan already [proved useful](https://www.texastribune.org/2022/07/15/crypto-energy-texas-power-grid/?ref=triana.media) during a heatwave in 2022 when bitcoin miners shut down their hardware as demand spiked. ### Bitcoin Mining Brings Historic Hydroelectric Plant Back To Life A historic hydroelectric plant in Mechanicville, New York, nearly faced demolition some years ago, but now it has instead been nominated for national engineering landmark status. The plant, owned by Albany Engineering Corp., is believed to be the oldest renewable energy facility in continuous operation globally, despite brief interruptions. Originally built in 1897, the plant was abandoned by National Grid, leading Albany Engineering Corp. to invest years into restoring it to full capacity. However, running the plant using its original 1800s machinery offers little profit, prompting the company to supplement its revenue by mining bitcoin. Mining bitcoin has proven more lucrative for Albany Engineering Corp., generating three times the income compared to selling electricity to National Grid, [according to *Times Union*](https://www.timesunion.com/news/article/Mechanicville-hydro-plant-gets-new-life-16299115.php?ref=triana.media). CEO Jim Besha Sr. has noted that while they are experimenting with bitcoin mining using renewable energy, he remains cautious about bitcoin as a long-term investment, converting their earnings into cash rather than holding onto the cryptocurrency. The plant's nomination for landmark status could help preserve its legacy, adding to the protections already provided by its listing on the National Register of Historic Places. ### Balancing The Grid And Growing Food With Bitcoin Mining In Iceland While Iceland’s abundant green energy has made it a prime location for bitcoin mining, the country also faces significant challenges in food sustainability, relying heavily on imports for essential food items like grains and vegetables. Despite its reputation for renewable energy, Iceland's reliance on food imports reveals a gap in self-sufficiency, with imports of tropical fruits alone totaling over $9 million. However, innovative approaches involving bitcoin mining like those previously seen in the Netherlands and Prague offer potential solutions. By repurposing excess heat from bitcoin mining operations to power greenhouses, these models show how mining can support local agriculture and reduce the need for imports, [according to *Forbes*](https://www.forbes.com/sites/digital-assets/2024/03/25/bitcoin-mining-unlocks-icelands-924-million-food-import-gap/?sh=349bce464ee8&ref=triana.media). Iceland stands at the crossroads of opportunity, where it can leverage its green energy not only for economic gains through bitcoin mining but also to enhance its food sustainability. With the right strategies, Iceland could lead by example, demonstrating that technological innovation and sustainable agriculture can coexist. This project shows that, in addition to increasing revenue for generators of renewable energy, bitcoin mining also has the potential to lower costs for business operations that require heat generation. ### El Salvador’s Volcano Energy Since 2021, El Salvador has harnessed the power of its Tecapa volcano to mine nearly 474 bitcoin, adding approximately $29 million to the government's bitcoin portfolio, [according to *Reuters*](https://www.reuters.com/world/americas/el-salvador-mined-nearly-474-bitcoins-adding-state-crypto-holding-last-three-2024-05-14/?ref=triana.media). This innovative approach, fueled by geothermal energy, reflects President Nayib Bukele's commitment to integrating cryptocurrency into the country's economy in an effort to lower their reliance on the U.S. dollar and the associated global financial system. The state-owned geothermal power plant generates 102 megawatts of electricity, with 1.5 megawatts dedicated to running 300 processors for bitcoin mining. While cryptocurrency mining has faced global criticism for its high energy consumption and environmental impact, El Salvador's use of green energy presents a sustainable alternative. Since becoming the first nation to adopt bitcoin as legal tender in 2021, alongside the U.S. dollar, El Salvador continues to leverage its renewable resources to support its ambitious cryptocurrency goals, despite facing criticism from international bodies like the International Monetary Fund. ### Gridless Energizes Rural Africa In Africa, Gridless has found a way to use bitcoin mining to combat the problem of a lack of electricity in rural parts of the continent. A large portion of the estimated 770 million people without access to electricity in the world live in Africa, which is why Gridless has focused its operations there. The primary challenges in rural Africa include insufficient infrastructure and limited disposable income, which forces many to prioritize more essential needs over electricity. Traditional microgrids have been deployed in these regions for years, but they often struggle with financial sustainability and inefficiencies. Gridless seeks to address these issues by integrating bitcoin mining with microgrid technology. By partnering with energy producers, Gridless ensures that excess electricity, which would otherwise go to waste, is used for bitcoin mining, thus making microgrids more viable and extending power to remote areas. There are many more examples of the impact bitcoin mining has already had on energy producers and electricity consumers around the world, but these four projects give some added insight into how this industry is already having a global impact. While bitcoin’s use of energy has mostly been ridiculed in the media as wasteful and bad for the environment, it’s clear that the reality of the situation is much more complex. Bitcoin mining is becoming an integral part of global energy infrastructure, as this new source of demand alters the existing energy economics. These changing economics will continue to evolve and have second-order effects on other areas such as climate change and geopolitics. The specific way in which the world’s energy use will change based on bitcoin mining is not yet 100% clear; however, what is clear is that it is something that all energy producers, whether in the form of private companies or nation states, must understand to get the most out of their energy production. ## Bitcoin’s Energy Future Bitcoin's integration into the global energy landscape is transforming how we think about power consumption and energy markets. As a buyer of last resort, bitcoin mining is reducing energy waste, stabilizing grids, and even revitalizing renewable energy sources. This unique demand for electricity is pushing energy producers to innovate and create more efficient systems, offering both economic and environmental benefits. Looking ahead, the interplay between bitcoin mining and global energy production is poised to grow stronger. Whether it's helping emerging nations monetize excess energy or incentivizing the growth of clean energy infrastructure, bitcoin is playing an essential role in shaping the future of global energy. Energy producers, policymakers, and environmental advocates must consider these dynamics as they plan for a more sustainable and decentralized energy future. ### The 9 Best Bitcoin Books: A Comprehensive Guide URL: https://www.triana.media/the-9-best-bitcoin-books-a-comprehensive-guide/ Last updated: 2026-01-14T21:56:24.000Z Most Bitcoiners remember where they first heard about the digital currency; at minimum, they remember the first time bitcoin really “clicked” for them. Likely, it was a blog post, a YouTube video, or even a conversation with a friend that was the moment bitcoin struck them as the inevitable future of finance (although many will say it was reading the bitcoin white paper). In these revelations, they start thinking about bitcoin as the ultimate solution to a myriad of global problems. Epiphanies are addicting, especially when associated with personal gain. Once the initial realization wears off, people typically spend vast amounts of time chasing that feeling, hunting down deeper and deeper interpretations of bitcoin and its meaning for humanity. Everyone needs to start mapping their hunt, and for many, that means starting a reading list. The following collection of books begins with bitcoin basics and ends with literature that would challenge even the most resolute maximalist. It has something for everyone to add to the syllabus of their bitcoin education and the itinerary of their bitcoin journey. ## List Key The first through third titles below are broad books for beginners. Skip these if you already have a general knowledge of what bitcoin is, and Bitcoiner history. The fourth through sixth titles are books considered absolute classics by most die-hard bitcoin devotees. These are still easy enough to approach as a starting place for advanced readers. Numbers six through nine one should only approach once they have a good grasp on core industry principles and narratives. They are challenging to digest, use technical language, and provide details about bitcoin from a nuanced to even antagonistic perspective. **(There’s also a bonus book at the very bottom, but it is for theoretically-minded people and not the faint of heart!)** ## 1\. *Bitcoin for the Befuddled* by Conrad Barski and Chris Wilmer This book is perfect for teenagers, young adults, or anyone starting to take their first steps toward bitcoin. Barski and Wilmer use simple language to boil down difficult concepts into easy-to-digest chunks. They cover bitcoin's history, theory, and technology, along with step-by-step guides and plenty of illustrations. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/data-src-image-20f701d9-6327-4a24-8738-c85882d2cd0a.jpeg) ## 2\. The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology that Powers Them by Antony Lewis Antony Lewis’s bestseller has a writing style that is on par with what most adults can expect from blog posts or news articles. This book offers clear explanations and practical information on using and storing bitcoin. It also covers the blockchain industry more generally, making it a perfect starting place for comparing bitcoin with the industry at large. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/data-src-image-1a15d87c-804e-4b94-afdd-cc5f26d852a5.jpeg) ## 3\. *Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money* by Nathaniel Popper *Digital Gold* is best for those who want the narrative behind bitcoin and the main figures in the early industry. It provides a detailed history of bitcoin and early blockchain culture so that the reader can track where bitcoin comes from on a human level. It also serves as a perfect foundation for many cultural references any beginning cryptocurrency-curious user is sure to see online—for example, the mystery of Satoshi Nakamoto! ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/data-src-image-58ddb5ba-ba1f-4452-848a-a89d54d5064c.jpeg) ## 4\. *Mastering Bitcoin* by Andreas M. Antonopoulos At this point, we start to get into "the classics." *Mastering Bitcoin* is considered the bible for Bitcoiners. Antonopoulos covers everything from the basics of how bitcoin works to more technical concepts, like decentralized networks and cryptographic principles. This book is the typical first step for people diving deeper into bitcoin. It is very accessible but doesn't hold back on technical explanations, and it expects the reader's full attention. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/data-src-image-cb3caa1c-e78f-4ff8-a453-f886bab8fc3e.jpeg) ## 5\. *The Bitcoin Standard: The Decentralized Alternative to Central Banking* by Saifedean Ammous If *Mastering Bitcoin* is the first step deeper into bitcoin, *The Bitcoin Standard* typically radicalizes these newcomers into maximalists. It's a right of passage for any genuine Bitcoiner. This book discusses the economic principles behind central banking and how bitcoin can fix many of its problems. Ammous dives into the history and theory behind money while arguing for bitcoin's superiority over traditional currencies. It's a compelling account of the potential for bitcoin to become a universal global currency. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/data-src-image-fec8c9c7-6b78-4993-a224-416d03c93335.jpeg) ## 6\. T*he Internet of Money* by Andreas M. Antonopoulos *The Internet of Money* is a companion to *Mastering Bitcoin*, which goes further into the philosophical and social implications of bitcoin. The book is just a collection of talks by Antonopoulos, providing insights into the future of money and bitcoin's ability to change the global financial system. It explores the broader impact of decentralized technologies in a way that is missed in *The Bitcoin Standard*, making it the perfect footnote after reading the previous two books. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/data-src-image-b073ad2e-b2c2-41c0-bfb7-698034de4400.jpeg) ## 7\. *Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction* by Arvind Narayanan, Joseph Bonneau, Edward Felten, Andrew Miller, and Steven Goldfeder This academic-style book is a thorough introduction to the technology behind bitcoin. The authors cover technical elements in cryptographic principles, consensus mechanisms, and other aspects of blockchain technology. This book is perfect for university students interested in the inner workings of cryptocurrencies. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/data-src-image-0c79079d-d91a-4163-8641-d49b8f877b95.jpeg) ## 8\. *Attack of the 50-foot Blockchain* by David Gerard *Attack of the 50-foot Blockchain* is the best-selling anti-cryptocurrency book. It is often pointed to as the place where Bitcoiners go to become disillusioned. Inside, it presents an alternate account of many of the narratives and goals of the authors on this list. It is the perfect book for bitcoin enthusiasts to challenge themselves and poke holes in the prevailing ideas gathered from previous reads. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/data-src-image-f51eaa70-f118-4ee4-8731-04b1614e1f64.jpeg) ## 9\. *Resistance Money* by Andrew M. Bailey, Bradley Rettler and Craig Warmke *Resistance Money* is the newest book on this list, published in 2024, and goes over many of the big questions that still tie the industry in a knot. It presents a philosophical account of bitcoin and uses various analytic tools to make the case that bitcoin is a net positive for society. The perspective is balanced, discussing many ideas industry leaders tend to avoid and admits the imperfections of blockchain technology. This book should only be read by someone who understands the theory, technology, and problems with bitcoin. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/data-src-image-05acf9ef-3879-42fa-9258-651e232d6024.jpeg) ## 10\. Šum #10.2 — Cryptocene by PJ Ennis, Nick Land and Edmund Berger This book is actually shorter sections from three different books that take widely abstract approaches to cryptocurrency. If readers are interested in one, they can challenge themselves to read the whole source material for the "out-there" perspectives they find inside. The first entry, *Bleakchain,* is a piece of short fiction about a post-cryptocurrency age in the 31st century. Characters discuss the world they are imprisoned in and the history of cryptocurrencies becoming religions. The second entry is the first chapter of Nick Land's *Crypto-Current*. Land is a highly controversial philosophical figure, and this whole book should only be read by those with a firm grasp of contemporary developments in academic philosophy. It is often called the most extreme vision of cryptocurrency possible. The book sees digital currency as an agent of dehumanization (in a good way) and the culmination of objects that rework space and time. At face value, *Waveforms,* the third entry, is less crazy than the other two. This essay mainly discusses blockchain in terms of long-term economic cycles and whether blockchain technology requires new socio-political paradigms. However, as it develops, it argues that blockchain requires new forms of reasoning and social organization that become increasingly hard to follow. (Available [via pdf](https://aksioma.org/statemachines/books/sum-10-2-cryptocene/?ref=triana.media)) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/data-src-image-46a387ce-92ae-4dbc-a3bc-2f4c6778b943.png) ## Knowledge Is Power Bitcoin is more than just a new form of internet money; it represents a collection of revolutionary technologies, theories, and cultural shifts. It stands as a significant historical event that society is still grappling with, requiring a variety of approaches to fully comprehend the multifaceted nature of the Bitcoin movement. This list is designed to guide dedicated readers toward the layered and interconnected discussions surrounding Bitcoin. It seeks to demonstrate the depth of knowledge available in Bitcoin education and to persuade readers that investing time in learning about Bitcoin could be as valuable to their future as owning Bitcoin itself. ### What Was The Bitcoin Block Size War? URL: https://www.triana.media/what-was-the-bitcoin-block-size-war/ Last updated: 2026-01-14T23:27:17.000Z 2015 to 2017 was an incredibly significant time in the history of bitcoin due to the crisis that emerged in the form of the bitcoin Block Size War. This crucial technical debate over the future of bitcoin development put the cryptocurrency network’s decentralization and unwavering ruleset to the ultimate test, providing an educational moment for the entire world regarding how bitcoin works and what makes it valuable at the most fundamental level. During this period, some were unsure if bitcoin would survive the turmoil and wondered if the cryptocurrency experiment was about to fail; however, at the battle’s resolution, bitcoin emerged much stronger and more credible thanks to this test of its stability and security. While some may see the bitcoin Block Size War as nothing more than a technical debate over a simple parameter on the network, it was much more complex than that. Let’s take a look at the entire history of the Block Size War from start to finish and the lessons that can be taken from it going forward. ## Bitcoin Becomes Too Successful It’s difficult to state the exact time when the bitcoin Block Size War first began, but one place to start is when the technical debate over bitcoin’s block size limit went outside of the normal bitcoin development process and into the world of social media. In particular, wider recognition of the block size issue began when then bitcoin developer Mike Hearn announced a new, alternative piece of bitcoin software, known as Bitcoin XT, in August 2015, which had implemented a way of increasing the block size limit via a hard fork, known as [Bitcoin Improvement Proposal (BIP) 101](https://github.com/bitcoin/bips/blob/master/bip-0101.mediawiki?ref=triana.media). The [block size limit](https://bitcoinmagazine.com/guides/what-is-the-bitcoin-block-size-limit?ref=triana.media) is the amount of data that can be included in each newly mined block on the network. It is also effectively a limit on the number of transactions that can take place, as each individual bitcoin transaction takes up varying amounts of space in the blocks. A [hard fork](https://www.investopedia.com/terms/h/hard-fork.asp?ref=triana.media) is a type of backward-incompatible change to the network consensus rules that requires all bitcoin users to update their software and effectively move over to a completely new network with a different set of rules. Fellow bitcoin developer Gavin Andresen had previously [promoted](https://github.com/bitcoin/bitcoin/pull/6341?ref=triana.media) BIP 101 for inclusion in Bitcoin Core; however, the change was unable to gain consensus among developers. Andresen, Hearn, and others were concerned that bitcoin would become unusable as it became more popular because network congestion would lead to unreliable transactions and high fees. In other words, the perceived problem at hand was that bitcoin was becoming too successful. Obviously, this was a good problem for the network to have; however, the increase in transactional activity on the network meant that bitcoin was approaching the capacity limit. Bitcoin creator Satoshi Nakamoto had [previously limited](https://www.reddit.com/r/Bitcoin/comments/3giend/citation%5Fneeded%5Fsatoshis%5Freason%5Ffor%5Fblocksize/?ref=triana.media) the amount of data that can be included in each bitcoin block to 1 megabyte (MB), possibly as a way to prevent denial-of-service attacks on the network. While bitcoin transactions had been practically free when there was less usage on the network, hitting the block size limit would create a situation where users were effectively entered into a bidding war to get their transactions included in the next block. This was extremely problematic for a currency that had been heavily promoted as a cheaper alternative to traditional online payment methods. Andresen even predicted that the block size limit would never be hit even if it was not increased because users would abandon the network as it became less user-friendly and more expensive to use. Fortunately for bitcoin, his prediction did not come true. ## Multiple Bitcoin Hard Fork Proposals Fail Andresen’s plan via BIP 101 was to first increase the block size limit to 8 MB, then have that new limit automatically increase regularly over time at a rate that amounted to a doubling roughly every two years. If this plan had been implemented at the time, the block size limit would be around 128 MB at the time of writing in summer 2024. While this may seem like a simple solution to an avoidable problem at first glance, there were two key issues with this plan brought up by other developers. First, increasing the block size limit would also increase the computational resources for operating a bitcoin full node. This was a rather severe concern, as bitcoin’s entire value proposition comes from all participants being able to validate transactions on the network. This is what allows bitcoin to remain decentralized, uncontrollable, and trusted. Secondly, BIP 101 was a plan to implement this clearly controversial and contentious increase in resource requirements via a hard fork. Over time, this issue of hard forking would arguably become more contentious than tweaking the block size limit parameter itself, partially due to the risk of bitcoin splitting into two separate, incompatible networks. While fees were still low when the original Bitcoin XT announcement post was made, things hit a breaking point in 2017 when the bitcoin network [started to near its capacity limit for the first time](https://bitinfocharts.com/comparison/bitcoin-size.html?ref=triana.media#alltime). The effects of this network congestion were tumultuous, as [bitcoin transaction fees skyrocketed](https://bitinfocharts.com/comparison/bitcoin-median%5Ftransaction%5Ffee.html?ref=triana.media#alltime) and wallet users began complaining about payments being stuck on the network due to the low fees users had grown accustomed to attaching to their transactions. Many large bitcoin exchanges and wallet providers, such as Coinbase and Blockchain.com, began to publicly support various hard forking block size limit increase proposals around this time. Bitcoin XT kicked off the Block Size War, but several other alternative bitcoin software clients that implemented block size hard forks were also tried after Bitcoin XT failed to gain sufficient traction. Bitcoin Classic was an attempt to implement a relatively small, one-time increase to 2 MB, while Bitcoin Unlimited promoted the philosophy of removing the block size limit entirely, putting control over the parameter into the hands of the miners creating the blocks. However, these other attempts to increase the block size limit via a hard fork also failed. While Satoshi had [written](https://bitcointalk.org/index.php?topic=1347.msg15366&ref=triana.media#msg15366) about how the block size limit increase could be phased in at a later date post-creation, his [other prediction](https://bitcointalk.org/index.php?topic=1790.msg28917&ref=triana.media#msg28917) about users becoming “increasingly tyrannical” about limiting the size of the bitcoin blockchain also came true. ## Enter SegWit Of course, most other developers were not in favor of making no changes to bitcoin at all in the face of this issue of transaction congestion. In fact, a hard forking increase to the block size limit was not completely off the table. Instead, these other developers were focused on using the currently available block space [as efficiently as possible](https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-December/011865.html?ref=triana.media) before opting for an increase to its 1 MB block size limitation. Indeed, major users of block space, such as exchanges, could implement [changes to their own internal practices](https://coinjournal.net/news/op-ed-bitcoins-high-fees-forcing-companies-optimize-interactions-blockchain-thats-good-thing/?ref=triana.media), such as transaction batching and proper fee estimation, to be less wasteful with block space. On top of that, these developers supported a multilayer approach to scaling bitcoin payments, most notably via the [Lightning Network](https://lightning.network/?ref=triana.media), which was mostly theoretical at the time. Multiple soft forking changes to bitcoin that improved the functionality of the Lightning Network, namely OP\_CHECKLOCKTIMEVERIFY (CLTV) and OP\_CHECKSEQUENCEVERIFY, had already been implemented at this point in time, but another key change that was needed was a fix to [transaction malleability](https://en.bitcoin.it/wiki/Transaction%5Fmalleability?ref=triana.media), which was a bug that made chains of unconfirmed bitcoin transactions unreliable. The proposed fix was known as Segregated Witness (SegWit), and it was combined with an effective [soft forking](https://bitcoinops.org/en/topics/soft-fork-activation/?ref=triana.media) (backward compatible) block size limit increase. [What Is Segregated Witness (SegWit) And How Does It Work?Segregated Witness (SegWit) upgraded Bitcoin by improving transaction scalability and fixing malleability, enabling Layer 2 networks, smart contracts, Taproot, and Ordinals without changing the base block size.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/icon/PFP-4.png)Lorenzo ProtocolBart Hillerich![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/thumbnail/Template--41-.png)](https://lorenzo-protocol.ghost.io/what-is-segregated-witness-segwit-and-how-does-it-work/?ref=triana.media) While SegWit was mostly noncontroversial as a bug fix for transaction malleability, some participants on the bitcoin network, namely a large portion of miners, held back on implementing the change in an effort to force a larger increase to bitcoin’s block size limit via a hard fork. This decision from miners was particularly problematic because part of the process of activating SegWit on the network was first getting 95% of miners to signal that they had updated their software with the SegWit upgrade. In addition to philosophical opposition to SegWit, some miners may have been benefiting from a mining efficiency gain [known as ASICBOOST](https://bitcoinmagazine.com/business/mining-manufacturer-blocking-segwit-benefit-asicboost?ref=triana.media), which would have been broken by SegWit. The bitcoin user base was now at a crossroads where activation of both a hard forking increase to the block size limit and the combined soft forking increase with SegWit seemed unlikely. ## The Messy Resolution To The Bitcoin Block Size War In an effort to find a resolution to the various proposals for bitcoin’s development path going forward, key entities in the bitcoin exchange, wallet, and mining industries met during a cryptocurrency conference in the spring of 2017\. Notably, Bitcoin Core developers were not at this meeting. At the conclusion of this meeting, a document known as the [New York Agreement](https://dcgco.medium.com/bitcoin-scaling-agreement-at-consensus-2017-133521fe9a77?ref=triana.media) was published. The document outlined a plan to activate SegWit and then implement a hard forking increase to the block size limit some months later in a proposal that became known as SegWit2x. While some bitcoin users were happy at the perception that the multiyear Block Size War had finally been resolved, others noted that bitcoin governance was now seemingly being controlled by a small number of bitcoin-related companies, which was problematic for the system’s underlying value proposition. In other words, there were concerns that bitcoin had come under corporate control. Part of this criticism was based around how the SegWit2x development process was handled, as it was perceived more as a corporate decree rather than a proposal made to the bitcoin user base. At around the same time, a grassroots effort to simply activate SegWit on the network with or without miners via a process known as a [user-activated soft fork](https://bitcoinwiki.org/wiki/user-activated-soft-fork?ref=triana.media) had also gained traction. The SegWit2x plan was made more compatible with this effort via [BIP 91](https://github.com/bitcoin/bips/blob/master/bip-0091.mediawiki?ref=triana.media) to make sure the SegWit activation process went smoothly. The result was that SegWit achieved activation in the summer of 2017. While the signers of the New York Agreement had agreed to run code that would activate a hard fork after SegWit had been activated, the reality was there were several signs—perhaps most notably a [futures market](https://medium.com/@whatbitcoindid/why-the-futures-market-will-destroy-b2x-before-it-launches-f1e7a2ab317f?ref=triana.media) that enabled betting on a potential split caused by the hard fork attempt—that this backward-incompatible change did not have the consensus that was necessary for it to happen successfully. Ultimately, the hard fork was [abandoned](https://lists.linuxfoundation.org/pipermail/bitcoin-segwit2x/2017-November/000685.html?ref=triana.media) by key members of the New York Agreement a few months later. In other words, the bitcoin network received the SegWit upgrade, but a hard forking increase to the block size limit did not happen. ## Key Takeaways From The Block Size War So, what are the lessons that should be taken from the bitcoin Block Size War? For one, it showed how difficult it can be to alter anything about bitcoin’s protocol rules. While bitcoin’s capacity was increased both on the base chain and via the promotion of secondary payment layers via the SegWit soft fork, implementing such a change via a hard fork was simply out of the question. Despite the failures of the various hard fork proposals and the resulting short-term harm on the overall bitcoin user experience, the fact of the matter is that people kept using the cryptocurrency. The free market had decided that protecting the digital gold use case was more important than on-chain coffee payments for now, and the bitcoin network’s resistance to a controversial hard fork underscored this value proposition of an apolitical, uncontrollable, and digitally native reserve asset. Notably, no other cryptocurrency has withstood this sort of attack on its immutability, which is why the Block Size War is the key event that separates bitcoin from the rest of the market. The difficulties associated with making improvements to the bitcoin network illustrate the sturdiness and soundness of the network and its underlying cryptocurrency. Of course, with it being difficult to change bitcoin at the base layer, it may not adopt new technologies as soon as they become available. [Taproot](https://bitcoinmagazine.com/technical/short-bitcoin-taproot-explainer?ref=triana.media) is the only other change that has been made to bitcoin’s consensus rules since SegWit was activated. There is bubbling demand for the activation of various covenants-focused soft forks that could offer further security improvements to Bitcoin Layer 2 networks; however, the tradeoffs associated with these changes have yet to have been proven worthy of activation. That said, this is the development path that has been chosen for bitcoin by its collection of users—and to be clear, it appears to be the correct one. While the Block Size War was mostly an argument over whether bitcoin should be more digital gold or PayPal 2.0, the reality is a multilayer approach to scaling enables both use cases. Bitcoin’s stability and security at the base layer enables the bitcoin asset to act as digital gold, while more experimental financial features can be developed and expanded upon on secondary layers, such as the [Lightning Network](https://lightning.network/?ref=triana.media) and [Lorenzo Protocol](https://www.lorenzo-protocol.xyz/?ref=triana.media). At the end of the day, the most important takeaway from the resolution of the Block Size War is that bitcoin proved it can withstand an attack of influence from the most prominent stakeholders in the system and maintain its apolitical and neutral ruleset. It is this underlying value proposition of the bitcoin asset that makes every other aspect of DeFi possible. Of course, this is not to say bitcoin will not face similar issues in the future, perhaps coming from nation-states or other similarly sized final bosses. While many of the supporters of the losing side of the block size debate moved onto alternative projects, such as Bitcoin Cash and Ethereum, in an effort to experiment with their own visions for how blockchain technology should be used, there has recently been an increased interest in building out these sorts of use cases as secondary layers on top of bitcoin itself. With it now being truly possible for everyone to get what they want on bitcoin via Layer 2 networks, it’s possible for the split in the digital community between bitcoin maximalists and more adventurous experimenters to finally come to an end. With everyone united under bitcoin as the base money of DeFi, the cryptocurrency revolution will become stronger than ever. ### BNB Chain Prepares For Fermi Upgrade, Targeting Faster Blocks And Near-Instant Finality URL: https://www.triana.media/bnb-chain-fermi-upgrade-block-time-finality-speed/ Last updated: 2026-01-15T18:58:24.000Z BNB Chain is set to undergo its third major network upgrade on January 14, introducing the Fermi hard fork, a technical overhaul designed to increase transaction speed and improve finality across the blockchain. **The Fermi Upgrade at a Glance:** - Block times reduced from 0.75s to 0.45s (\~40% faster) - Finality reduced to \~1 second - Improved validator coordination - More efficient blockchain data access - Enhanced transaction execution efficiency - Validators must upgrade to v1.6.4 and rebuild state snapshots From the upgrade, transaction finality is expected to approach one second, making confirmations more predictable and reducing risks such as slippage during volatile market conditions. Fermi is named after Italian-American physicist Enrico Fermi, continuing BNB Chain’s tradition of honoring prominent scientists. Previous upgrades were named after Blaise Pascal and James Clerk Maxwell. > Fermi activates tomorrow on BNB Smart Chain, 14 Jan at 02:30 UTC. > > Action required: > 🔸 Validators and node operators upgrade to v1.6.4 > 🔸 Expect snapshot regeneration on first startup > 🔸 Plan for log indexing during restart > > Please upgrade ahead of the hard fork to avoid network… [pic.twitter.com/rq0b7HYZKc](https://t.co/rq0b7HYZKc?ref=triana.media) > > — BNB Chain Developers (@BNBChainDevs) [January 13, 2026](https://twitter.com/BNBChainDevs/status/2010909700527714483?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) ## Faster Blocks, Stronger Finality According to BNB Chain, the Fermi upgrade focuses on improving both speed and reliability. Alongside shorter block times, the network will implement changes to reduce finality to around one second, ensuring that transactions become irreversible more quickly. Finality refers to the point at which a transaction can no longer be altered or reversed. Faster finality improves user experience, particularly for applications that rely on real-time execution such as trading, DeFi, and on-chain gaming. Additional changes in the upgrade include: - Adjustments to how validators coordinate - More efficient access to blockchain data - Improvements to transaction execution efficiency BNB Chain has historically prioritized speed and scalability, even if it meant sacrificing some decentralization. However, recent advancements across the industry suggest that performance improvements may no longer require such tradeoffs. ## Developers Urged to Upgrade Nodes Ahead of the hard fork, BNB Chain [issued an urgent message](https://www.mexc.com/news/469146?ref=triana.media) to validators and node operators, instructing them to upgrade to version v1.6.4 to avoid falling out of sync with the network. Failure to upgrade could result in nodes losing access after the fork. Developers are also required to rebuild their state snapshots after installing the new version. The notice applies strictly to validators and node operators. Regular users are not required to take any action. The goal of the upgrade, according to BNB Chain, is to ensure smooth network operation and better overall functionality as usage continues to grow. ## Rising Network Usage As of December 2025, Binance founder Changpeng Zhao reported that BNB Chain had surpassed 2.4 million daily users, highlighting its status as an active Layer-1 blockchain. The increase in network activity has placed greater demands on transaction throughput, which BNB Chain has identified as a key motivation for the Fermi upgrade. ## Toward Sub-Second Transactions With the reduced block time, BNB Smart Chain is [approaching near-instant transaction confirmations](https://lorenzo-protocol.ghost.io/stablecoins-us-banking-heats-up/?ref=triana.media). The upgrade also strengthens fast-finality rules and improves validator synchronization to prevent delays during congestion. These changes are aimed at improving responsiveness for use cases where timing is critical, including: - Real-time trading - Instant DeFi transactions - On-chain interactive games The Fermi upgrade is also aligned with BNB Chain’s broader roadmap, which emphasizes performance, stability, and efficiency. ## Looking Ahead While the Fermi hard fork focuses on immediate performance improvements, BNB Chain has outlined longer-term plans that include higher throughput, improved database scalability, and parallel processing to support future growth. For now, the January 14 upgrade represents a significant step in BNB Chain’s ongoing effort to deliver faster, more predictable transaction processing as network usage continues to expand. ### World Liberty Financial Launches First Web App, Expanding USD1 Utility Through Dolomite URL: https://www.triana.media/world-liberty-financial-launches-world-liberty-markets/ Last updated: 2026-01-26T19:38:32.000Z [World Liberty Financial](https://lorenzo-protocol.ghost.io/the-ultimate-guide-to-world-liberty-financial-2026/?ref=triana.media) has launched its first web-based product, [World Liberty Markets](https://markets.worldlibertyfinancial.com/?ref=triana.media), marking a major step in expanding the real-world utility of its USD1 stablecoin through lending and borrowing services powered by the DeFi protocol [Dolomite](https://dolomite.io/?ref=triana.media). The new platform enables users to supply USD1 and other supported assets as collateral to access borrowing opportunities, bringing decentralized credit functionality to the World Liberty Financial ecosystem for the first time. Through the platform, users can supply assets to earn yield, borrow against their collateral, and deploy borrowed liquidity into additional strategies. > [**Earn Yield on USD1**](https://app.lorenzo-protocol.xyz/otf/sUSD1Plus-BNB?ref=triana.media) World Liberty Markets supports USD1 alongside several major digital assets, including WLFI, Ether, Coinbase Wrapped Bitcoin (cbBTC), USDC, and USDT. The protocol is built on Dolomite’s existing infrastructure, which is designed to facilitate lending, borrowing, and collateralized positions in a decentralized environment. > World Liberty Markets is now live, built to give users access to transparent, high-performance liquidity markets provided by [@dolomite\_io](https://twitter.com/Dolomite%5Fio?ref%5Fsrc=twsrc%5Etfw&ref=triana.media). You can earn on supplied assets or borrow against your portfolio with fast, flexible liquidity. WLFI Markets is designed to make these tools… > > — WLFI (@worldlibertyfi) [January 12, 2026](https://twitter.com/worldlibertyfi/status/2010746293023379623?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) ## Expanding the Use Cases for USD1 USD1, a fully backed U.S. dollar stablecoin issued by World Liberty Financial, has grown rapidly since its launch. The token recently surpassed $3 billion in circulating supply and has seen increasing trading volume across major cryptocurrency exchanges. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/image-10.png) Total USD1 Circulating | Source: [DeFiLlama](https://defillama.com/stablecoin/world-liberty-financial-usd?ref=triana.media) With the rollout of World Liberty Markets, USD1 holders can now deploy their stablecoins in lending strategies, earn yield by supplying liquidity, or borrow against supported collateral assets. > "A year ago, we set out to build a stablecoin that could compete with the biggest names in crypto, and USD1 has exceeded every expectation," said Zak Folkman, Co-Founder and COO of World Liberty Financial. "Now we’re giving USD1 users access to even more ways to put their stablecoins to work. World Liberty Markets is a major step forward, and it's just the first of many products we're planning to roll out over the next 18 months.” The platform also integrates World Liberty Financial’s USD1 Points Program, allowing eligible users who supply USD1 to earn reward points based on their activity. The official description of the program is as follows: > "The USD1 Points Program recognizes users who hold or use USD1 across supported platforms. When you supply USD1 on Dolomite through WLFI Markets, you can earn USD1 Points that track your participation in the ecosystem. USD1 Points are a rewards metric that may support future program features as the ecosystem expands. They are not a token, financial return, or guaranteed incentive. They simply reflect your ongoing engagement with USD1\. You may also earn USD1 Points on partner platforms that support USD1 activity. Availability, earning rules, and eligibility on those platforms are determined by each partner's terms and conditions. Program availability and participation may vary based on jurisdiction and partner support." ## A Broader Product Roadmap The release of World Liberty Markets aligns with the company’s broader roadmap to expand USD1’s role across financial services. Previously announced initiatives include: - Exploring tokenized real-world assets - Improving on- and off-ramp infrastructure - Enabling USD1 usage through card-based payment solutions World Liberty Markets is currently available as a web application on the company’s website, with a mobile app expected to follow. --- **Disclaimer:** This article is for informational purposes only and does not constitute financial, investment, or trading advice. The information provided should not be interpreted as an endorsement of any digital asset, security, or investment strategy. Readers should conduct their own research and consult with a licensed financial professional before making any investment decisions. The publisher and its contributors are not responsible for any losses that may arise from reliance on the information presented. ### Trump-Linked Crypto Firm Applies for Federal Trust Bank Charter URL: https://www.triana.media/trump-linked-crypto-firm-applies-for-federal-trust-bank-charter/ Last updated: 2026-01-08T20:48:36.000Z World Liberty Financial, a cryptocurrency company backed by the family of President Donald Trump, announced Wednesday that it has applied for a national trust bank charter with U.S. banking regulators, marking another step by the crypto industry to integrate with the federal financial system. > World Liberty Financial Announces that WLTC Holdings LLC has Submitted an Application for a National Trust Bank Charter to Issue and Custody USD1 Stablecoins 🦅☝️[https://t.co/ulapagYLYq](https://t.co/ulapagYLYq?ref=triana.media) > > — WLFI (@worldlibertyfi) [January 7, 2026](https://twitter.com/worldlibertyfi/status/2009022054658400262?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) The company said its subsidiary, WLTC Holdings, filed a de novo application with the Office of the Comptroller of the Currency to establish a national trust bank focused on issuing, redeeming, and safeguarding digital assets. If approved, the charter would allow World Liberty Financial to directly issue and manage USD1, its dollar-backed stablecoin, and provide custodial services to institutional and retail clients. > “This application marks a further evolution of the World Liberty Financial ecosystem,” said Zach Witkoff, co-founder of World Liberty Financial and proposed president and chair of the trust bank. Witkoff is the son of Steve Witkoff, the U.S. special envoy to the Middle East. World Liberty Financial launched USD1 last year, positioning it as a fully backed, dollar-pegged stablecoin designed for payments, settlement, and on-chain financial services. The company said USD1 has surpassed $3.3 billion in circulation within its first year, making it one of the fastest-growing stablecoins to date. If granted, the national trust charter would allow World Liberty Financial to offer stablecoin issuance and redemption directly under federal oversight, as well as custody services for digital assets. The company also said it plans to enable fee-free conversion between U.S. dollars and USD1 at launch. National trust bank charters differ from full-service bank charters, allowing firms to provide fiduciary and custodial services without engaging in traditional consumer lending. The OCC currently supervises approximately 60 national trust banks. To date, Anchorage Digital is the only crypto-native firm operating under such a charter, though several others have received conditional approvals in recent months. The application comes amid growing regulatory clarity for stablecoins following the passage of the GENIUS Act, which established a federal framework governing dollar-backed digital tokens. World Liberty Financial said its proposed trust bank would be structured to comply with the new law. The move also places the company alongside a growing number of digital asset firms seeking access to regulated banking infrastructure, including potential future access to limited Federal Reserve payment services. Traditional banks have expressed concern that expanding such access to crypto firms could pose risks to financial stability. World Liberty Financial was founded in September 2024 by President Trump’s sons, including Donald Trump Jr., Eric Trump, and Barron Trump, with Trump listed as co-founder emeritus. The company has faced scrutiny from lawmakers and ethics groups over potential conflicts of interest between the Trump administration’s pro-crypto policies and the family’s business ventures. ### Solana LSTs With The Best Yield: A 2026 Guide To Maximizing Your Staking Returns URL: https://www.triana.media/solana-lsts-with-the-best-yield-a-2026-guide-to-maximizing-your-staking-returns/ Last updated: 2026-07-13T22:16:40.000Z [Solana staking](https://solana.com/staking?ref=triana.media) yields hover between [6-7% APY for most validators](https://www.helius.dev/staking/rewards?ref=triana.media). But if you're holding SOL in a basic stake account, you're leaving money on the table. Liquid staking tokens now represent [over 14% of all staked SOL](https://dune.com/ilemi/solana-staking?ref=triana.media), roughly $10 billion in value, and for good reason: LSTs let you earn staking rewards while keeping your capital deployable across DeFi, as you retain your liquidity when using them. The real question isn't whether to use an LST. It's which one to choose. Yields vary across providers, from 5.7% to nearly 7% on base staking alone. However, the [INF token at Sanctum](https://app.sanctum.so/infinity?ref=triana.media) operates on a fundamentally different model that has consistently outperformed traditional LSTs by capturing trading fees on top of staking rewards. This guide breaks down the highest-yielding LSTs on Solana, explains why INF's architecture produces structurally better returns, and helps you decide which token fits your strategy. ## What Is a Liquid Staking Token? A liquid staking token represents SOL that's been staked with validators. When you deposit SOL into a liquid staking pool, you receive a token (like JitoSOL or mSOL) that tracks your share of the staking pool. As validators earn rewards, your token appreciates in value relative to SOL. The core benefit is capital flexibility. Traditional staking locks your SOL for 2-3 days, whereas LSTs eliminate this friction. You can sell your position instantly, use it as collateral on lending protocols like [Kamino](https://kamino.com/?ref=triana.media) or [Jupiter Lend](https://jup.ag/lend/earn?ref=triana.media), and engage in any other DeFi activities that you fancy to amplify your overall yield return. And while you participate in these opportunities, your staked SOL keeps earning staking rewards, just like it would when natively staked. ## How INF Differs from Traditional LSTs Most LSTs work the same way: the protocol stakes your SOL with a set of validators and gives you a token representing your share. JitoSOL stakes with Jito's validator network. mSOL stakes with Marinade's validators. The yield comes from one source: staking rewards (which now include MEV across nearly all major LSTs). Sanctum's INF token takes a different approach. Instead of staking directly with validators, [INF holds a basket of other LSTs](https://sanctum.so/blog/inf-guide?ref=triana.media), making it an “LST of LSTs.” > → [Infinity (INF) As An “LST Of LSTs](https://sanctum.so/blog/understanding-infinity-inf-solana-lst-of-lsts?ref=triana.media) This allows INF to earn yield from two sources: 1. The stake-weighted average of all the LSTs it holds (which includes their staking rewards and MEV) 2. Trading fees collected when users swap between LSTs through Sanctum's Infinity liquidity pool > → [How INF enables LST-LST swaps](https://sanctum.so/blog/infinity-inf-lemonade-stand-yield-explainer-solana-lst-fees?ref=triana.media) This second source is unique to INF. Sanctum operates a [unified liquidity layer](https://sanctum.so/blog/our-vision-for-infinity-sol-liquidity-for-all-solana-lsts?ref=triana.media) that enables instant swaps between any LST on Solana. Every swap generates a small fee (8 basis points), and those fees flow to INF holders. During periods of high trading activity, this fee income meaningfully boosts returns. In some epochs with liquidity pressure on other LSTs, INF has delivered APYs exceeding 20%. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/image.png) [Over the last year, INF has outperformed leading Solana LSTs by approximately 20%](https://sanctum.so/blog/understanding-infinity-inf-solana-lst-of-lsts?ref=triana.media). Actual performance varies based on LST swap volume, and past results don't guarantee future returns. ## The 9 Best Solana LSTs by Yield ### 1\. Sanctum Infinity (INF) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/image-2.png) **APY (last 10 Epochs):** 6.68% **Total SOL Staked:** 1.9M **Holders:** 43,103 When you look at the numbers, INF regularly has the best yield with the current highest yield out of any LST with more than 200k staked SOL at 6.68%. Infinity combines a deep holder base, large staking volume, high yield, and robust security into an industry-leading package. While other LSTs depend solely on validator performance, INF captures both staking rewards from its underlying LST basket and trading fees from Sanctum's liquidity pool. The Infinity liquidity pool holds a rotating basket of high-performing LSTs, automatically rebalancing to favor those with better yields. When you hold INF, you're effectively diversified across the entire Solana LST ecosystem rather than concentrated in a single protocol's validator set. You can [compare real-time yields](https://app.sanctum.so/explore?ref=triana.media) across all LSTs on Sanctum's platform. Infinity performs best in times of market uncertainty by providing liquidity. Infinity yields occasionally exceeding 25% APY in a single epoch during market stress events like the [recent bnSOL depegging in October 2025.](https://blog.sanctum.so/blog/october-10-debrief-inf-stabilizes-lst?ref=triana.media) **Pros:** - Dual yield from staking rewards plus trading fees - Diversified exposure across multiple LSTs reduces single-validator risk - Instant redemption for SOL or any underlying LST - Proven track record of outperformance versus single-asset LSTs - Deep DeFi integrations, including [Jupiter Lend](https://jup.ag/lend/multiply/42?ref=triana.media) and [Kamino](https://kamino.com/multiply/eNLm5e5KVDX2vEcCkt75PpZ2GMfXcZES3QrFshgpVzp/HRqCpwgsHBqHWqyuaf683cvPaWJgJf6fGuTWQVv1YZaC/HaVsdBb4mMoYQ3vnS7wCdvhixg5xFQALmFwyL9QJm3fn?ref=triana.media). - Instant unstaking available - Performs best in times of market uncertainty **Cons:** - APY can be volatile depending on trading volume, but has historically been strong and, on average, outperforms other LSTs. **Best for:** Yield-focused stakers who want the highest sustainable returns. [INF vs mSOL: Complete Solana Liquid Staking Token Comparison 2026INF vs mSOL: Compare Solana liquid staking tokens by APY, security audits, depeg history, fees, and liquidity. See 2026 data on yield performance, unstaking costs, validator diversification, and which LST is better for staking SOL.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/icon/Group-1321322652-78f10252-2cc1-4b68-a2e4-c19e214558e3.png)Horizon | Solana News, Insights, StoriesBart Hillerich![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/thumbnail/sanctum-vs-msol-8f0b833e-320c-4ebf-b357-bb949b675a2f.webp)](https://www.solanahorizon.com/inf-vs-msol-complete-solana-liquid-staking-token-comparison-2026/?ref=triana.media) [Sanctum vs Jito: Solana Liquid Staking Comparison 2026Sanctum Infinity vs. JitoSOL: A data-driven comparison of Solana’s top liquid staking platforms. Learn how INF outperformed JitoSOL by 28% in Q3 2025, compare yields, liquidity, depeg risk, audits, and discover which LST is better for long-term yield vs. DeFi liquidity.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/icon/Group-1321322652-20e01457-6eac-43c0-ae30-a76e7a865552.png)Horizon | Solana News, Insights, StoriesBart Hillerich![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/thumbnail/sanctum-vs-jito-dc29e8bf-f36f-4450-8958-a047331eaff7.webp)](https://www.solanahorizon.com/sanctum-vs-jito-solana-liquid-staking-comparison-2026/?ref=triana.media) ### 2\. dSOL (Drift) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/image-1.png) **APY (last 10 Epochs):** 6.52% **Total SOL Staked:** 1.7M **Holders:** 5,151 [Drift Protocol](https://www.drift.trade/?ref=triana.media) launched dSOL to integrate liquid staking directly into its perpetuals and lending platform. The token stakes with Drift's validator and passes through standard staking rewards plus MEV. The real value proposition is native integration with Drift's ecosystem. If you're already trading perps or using Drift's lending markets, dSOL slots in seamlessly as collateral. The protocol has been running since 2021 and recently upgraded to v3 with sub-400ms execution for market orders. **Pros:** - Native integration with Drift's perpetuals and lending - Competitive yield among single-validator LSTs - No withdrawal fees - Backed by an established DeFi protocol with a strong track record **Cons:** - Smaller holder base and liquidity compared to larger LSTs - Single validator concentration risk **Best for:** Drift users who want unified collateral across trading and staking. ### 3\. JupSOL (Jupiter) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/image-3.png) **APY (last 10 Epochs):** 6.26% **Total SOL Staked:** 4.8M **Holders:** 30,052 [Jupiter](https://jup.ag/?ref=triana.media) built JupSOL on [Sanctum's infrastructure](https://sanctum.so/blog/jupsol-solana-liquid-staking-jupiter?ref=triana.media), combining the DEX's validator with Sanctum's liquidity layer. The validator runs 0% commission and passes 100% of MEV back to stakers. Jupiter also delegates an additional 100K SOL to boost yields during the bootstrapping phase. The tight integration with Jupiter's DEX means JupSOL benefits from priority transaction inclusion during network congestion. If you're routing trades through Jupiter regularly, holding JupSOL can improve your execution. **Pros:** - 0% commission validator with full MEV pass-through - Built on Sanctum's audited infrastructure - Deep liquidity across Jupiter's DEX routing - Transaction priority benefits for Jupiter users **Cons:** - Single validator - Yield premium from bonus delegation will normalize over time **Best for:** Active Jupiter users who want staking yield with DEX benefits. > → [Case Study: A Deep Dive Into JupSOL](https://sanctum.so/blog/jupsol-solana-liquid-staking-jupiter?ref=triana.media) ### 4\. mSOL (Marinade) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/image-4.png) **APY (last 10 Epochs):** 6.24% **Total SOL Staked:** 3.5M **Holders:** 149,269 [Marinade](https://marinade.finance/?ref=triana.media) distributes stake across 100+ validators and is one of the larger LSTs by total SOL staked and number of holders. mSOL's market share has declined as competitors launched, but it remains integrated across Solana DeFi. The Stake Auction Marketplace (SAM) lets validators bid for delegation, which can boost yields during competitive periods. **Pros:** - Broad validator distribution across 100+ nodes - Established DeFi integrations - Instant unstaking available **Cons:** - 6% protocol fee on staking rewards - Yield has lagged newer competitors **Best for:** Users who prioritize validator diversity and have existing mSOL positions. ### 5\. JitoSOL ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/image-5.png) **APY (last 10 Epochs):** 5.9% **Total SOL Staked:** 14M **Holders:** 192,514 [JitoSOL](https://www.jito.network/?ref=triana.media) is currently the largest LST on Solana by total stake. The protocol delegates across 200+ validators with rebalancing based on performance. Scale brings liquidity advantages, and JitoSOL has wide DeFi integrations across the ecosystem. That said, size hasn't translated to yield leadership. At 5.9% APY, JitoSOL trails most alternatives on this list. The 4% performance fee and the operational overhead of managing such a large stake pool contribute to the gap. **Pros:** - Deepest liquidity for large position entries and exits - 200+ validator delegation reduces concentration risk - Wide DeFi integrations **Cons:** - 4% performance fee - APY more optimized LSTs **Best for:** Large holders who prioritize liquidity depth and broad validator distribution. ### 6\. bbSOL (Bybit) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/image-6.png) **APY (last 10 Epochs):** 5.88% **Total SOL Staked:** 1.7M **Holders:** 11,521 [Bybit](https://www.bybit.com/?ref=triana.media) launched bbSOL in partnership with Sanctum as the [first exchange-backed LST](https://sanctum.so/blog/introducing-bbsol?ref=triana.media) on Solana. The token benefits from Bybit's validator infrastructure and the exchange's institutional credibility. For Bybit users, bbSOL offers a path to earn staking yield while maintaining easy conversion back to exchange holdings. The Sanctum integration means bbSOL plugs into the broader LST liquidity layer despite being exchange-native. **Pros:** - Exchange-backed with institutional infrastructure - Sanctum integration provides ecosystem liquidity - Easy on/off ramp for Bybit users - No management fees **Cons:** - Smaller holder base than DeFi-native LSTs **Best for:** Bybit users who want staking yield without leaving the exchange ecosystem. ### 7\. dzSOL (DoubleZero) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/image-7.png) **APY (last 10 Epochs):** 5.86% **Total SOL Staked:** 13.1M **Holders:** 12,736 DoubleZero is a newer entrant that has grown rapidly, accumulating over 13M SOL in stake. The protocol focuses on validator performance optimization and has attracted significant institutional interest. Despite being relatively new, dzSOL has achieved scale comparable to established players. **Pros:** - Rapid growth demonstrates industry confidence - Large stake pool provides stability - Competitive fees **Cons:** - High stake concentration among fewer holders - Less DeFi integration than established LSTs - Lower historical yield compared to other LSTs on this list **Best for:** Institutions seeking a newer protocol with significant scale. ### 8\. bnSOL (Binance) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/image-8.png) **APY (last 10 Epochs):** 5.7% **Total SOL Staked:** 8.6M **Holders:** 13,363 [Binance's](https://www.binance.com/?ref=triana.media) bnSOL brings the world's largest exchange into Solana liquid staking. The token leverages Binance's validator infrastructure and offers seamless integration for users already on the platform. The tradeoff is clear: bnSOL offers lower yields than DeFi-native alternatives but provides the familiarity and trust of Binance's brand. For users who primarily operate within the Binance ecosystem, it's a convenient way to earn staking yield. **Pros:** - Backed by the world's largest crypto exchange - Easy integration for Binance users - Large stake pool provides liquidity - Institutional-grade infrastructure **Cons:** - Lowest APY among major LSTs - Centralized exchange dependency - Limited DeFi composability outside Binance **Best for:** Binance users who prioritize convenience over yield optimization. ### 9\. fwdSOL (Forward Industries) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2026/01/image-9.png) **APY (last 10 Epochs):** 5.68% **Total SOL Staked:** 1.7M **Holders:** 42 [Forward Industries](https://www.businesswire.com/news/home/20251202609151/en/Forward-Industries-Partners-with-Sanctum-to-Launch-fwdSOL-Liquid-Staking-Token?ref=triana.media) (NASDAQ: FWDI) launched fwdSOL in December 2025 as part of its Solana treasury strategy. The company holds over 6.9 million SOL (roughly $1.5B) and converted approximately 1.7M SOL (25% of its holdings) into this LST through a partnership with Sanctum. fwdSOL represents a template for institutional adoption of liquid staking. Forward Industries uses the token as collateral for DeFi borrowing strategies, demonstrating how public companies can deploy treasury assets productively while maintaining staking yield. The strategy is backed by Galaxy Digital, Jump Crypto, and Multicoin Capital. Kyle Samani, Chairman of Forward Industries, noted that liquid staking provides flexibility to capture incremental yield sources beyond passive staking while maintaining liquidity. The launch signals growing institutional confidence in LSTs as treasury management tools. Sanctum's [Staking-as-a-Service](https://sanctum.so/blog/launching-a-branded-solana-lst?ref=triana.media) platform enables enterprises to launch custom LSTs with turnkey infrastructure. **Pros:** - First publicly traded company LST on Solana - Built on Sanctum infrastructure with full liquidity access - Institutional-grade compliance and oversight - Template for corporate treasury deployment **Cons:** - Very small holder base (primarily Forward Industries) due to its recent launch **Best for:** Institutional reference for how public companies can approach liquid staking. → [Forward Industries DAT Launches fwdSOL LST](https://sanctum.so/blog/forward-industries-launches-fwdsol-sanctum?ref=triana.media) ## Comparison Table | LST | APY (10 Epochs) | SOL Staked | Holders | Key Differentiator | | ------- | --------------- | ---------- | ------- | -------------------------- | | INF | 6.68% | 1.9M | 43,103 | Highest Yield | | dSOL | 6.52% | 1.7M | 5,151 | Drift Protocol integration | | JupSOL | 6.26% | 4.8M | 30,052 | Jupiter ecosystem | | mSOL | 6.24% | 3.5M | 149,269 | Validator decentralization | | JitoSOL | 5.9% | 14M | 192,514 | Scale | | bbSOL | 5.88% | 1.7M | 11,521 | Bybit exchange backing | | dzSOL | 5.86% | 13.1M | 12,736 | Rapid institutional growth | | bnSOL | 5.7% | 8.6M | 13,363 | Binance ecosystem | | fwdSOL | 5.68% | 1.7M | 42 | Public company treasury | *APY figures represent last 10-epoch yields and fluctuate based on validator performance, network conditions, and (for INF) trading volume. Past performance does not guarantee future results.* ## Why Sanctum Infinity Has the Highest Yield The yield gap between INF and traditional LSTs isn't an accident. Traditional LSTs are capped at whatever their validators produce. They all access roughly the same staking rewards and MEV opportunities. The differences come down to validator selection, fee structures, and operational efficiency. They aren’t identical products, but there are marginal differences in returns. INF breaks this ceiling by adding a second yield source. Every time someone swaps between LSTs through Sanctum's Infinity liquidity pool, a small fee accrues to INF holders. This fee income scales with ecosystem activity. During volatile market periods when LST holders’ swapping activity increases, INF's yield spikes. The [comparison data](https://sanctum.so/blog/a-deep-dive-into-the-economics-of-sanctum-infinity?ref=triana.media) bears this out. Over roughly 50 epochs in Q3 2025, INF outperformed JitoSOL by 28% and mSOL by 20%. Staking 100 SOL in INF over 11 months would have earned approximately 2.11 SOL more than the same stake in JitoSOL. These figures reflect historical performance during varying market conditions and may not predict future results. This doesn't mean INF is always the right choice. Returns are more variable depending on trading activity. During low-volume periods, INF's unstaked reserve can create "SOL drag" that reduces yields. But for yield-focused stakers who want maximum sustainable returns, INF's structure gives it a persistent edge when the LST market is active. → [Start earning higher yields with Sanctum Infinity](https://app.sanctum.so/infinity?ref=triana.media) --- ## FAQs ### What is a Solana liquid staking token? A liquid staking token represents SOL that has been staked with validators while remaining tradeable. When you deposit SOL into an LST protocol, you receive a token that tracks your share of the staking pool and appreciates as rewards accrue. This lets you earn staking yield (typically 5.7-6.7% APY) without locking your capital, since you can sell, trade, or use the LST as DeFi collateral at any time. ### How do I choose the right LST for yield? Prioritize LSTs that capture multiple yield sources rather than staking rewards alone. INF earns both staking yields and trading fees, which is why it consistently leads on APY. Beyond raw yield, consider your use case: if you trade on Jupiter, JupSOL offers ecosystem benefits; if you use Drift, dSOL integrates natively. Check the APY over 10+ epochs rather than single snapshots, since short-term yields can be misleading. ### Is Sanctum INF better than JitoSOL? For yield optimization, INF has historically outperformed. Over roughly 50 epochs in Q3 2025, INF delivered approximately 28% higher returns than JitoSOL, driven by its dual yield structure. JitoSOL offers deeper liquidity and a larger holder base, which matters for very large positions. If maximizing returns is your priority and you're comfortable with INF's different risk profile (basket exposure rather than direct validator selection), INF has shown stronger yield performance. That said, past performance varies with market conditions and doesn't guarantee future results. ### Can I use INF in DeFi? Yes. INF integrates with major Solana DeFi protocols including Jupiter Lend, Kamino, Drift, and Orca. You can use INF as collateral for borrowing, provide liquidity in pools, or deploy it in yield vaults. The token earns staking yields in your wallet without any action required, and you can layer additional DeFi strategies on top. See the full list of [INF DeFi integrations](https://learn.sanctum.so/guides/user-guides/infinity/infinity-faq?ref=triana.media). ### What are the risks of liquid staking? Smart contract risk is the primary concern: if there's a bug in the staking protocol, funds could be at risk. INF mitigates this through multiple audits (OtterSec, Sec3, Neodyme) and builds on Solana's SPL stake pool program, which has nine independent audits. Depeg risk exists during market stress, when LSTs can temporarily trade below their redemption value. INF reduces this through its reserve pool and multi-LST diversification. ### How quickly can I unstake from INF? Instantly. You can redeem INF for SOL or any underlying LST through Sanctum's unified liquidity layer with minimal slippage. There's a 0.10% withdrawal fee (10 basis points) for redemptions. Unlike native staking, which requires a 2-3 day cooldown, INF provides immediate liquidity. ### What's the difference between INF and traditional LSTs? Traditional LSTs like JitoSOL or mSOL stake directly with validators and earn only staking rewards. INF holds a basket of LSTs and earns both the underlying staking rewards plus trading fees from Sanctum's liquidity pool. This dual-source structure produces higher yields and diversifies risk across multiple protocols rather than concentrating in a single validator set. ### What's the best alternative to Marinade for higher yields? Sanctum INF. Recent yields have mSOL around 6.24%, while INF delivers 6.68% through its additional trading fee income. Historically, INF has also had better yields. INF also provides exposure to multiple LSTs through its basket approach, offering diversification across validator sets while generating better returns. --- **Disclaimer:** This article is for informational purposes only and does not constitute financial, investment, or trading advice. The information provided should not be interpreted as an endorsement of any digital asset, security, or investment strategy. Readers should conduct their own research and consult with a licensed financial professional before making any investment decisions. The publisher and its contributors are not responsible for any losses that may arise from reliance on the information presented. ### Visa and Mastercard Unveil AI Agent Payment Platforms, Ushering in a New Era of Intelligent Commerce URL: https://www.triana.media/visa-and-mastercard-unveil-ai-agent-payment-platforms-ushering-in-a-new-era-of-intelligent-commerce/ Last updated: 2025-05-02T00:06:22.000Z Visa and Mastercard have both announced sweeping new initiatives to integrate artificial intelligence (AI) agents into the core of digital commerce, enabling autonomous software agents to make purchases, manage transactions, and interface directly with global payment networks. At Visa’s Global Product Drop this week, the company unveiled Visa Intelligent Commerce, a framework designed to let AI agents browse, buy, and manage payments on behalf of users. Mastercard followed with its own product, Agent Pay, allowing conversational AI platforms to embed secure payment capabilities into customer experiences. > The timelines on this are interesting. > > Mastercard announces this on April 29th; Only via it's website and no mention of it via [@Mastercard](https://twitter.com/Mastercard?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) or [@MastercardNews](https://twitter.com/MastercardNews?ref%5Fsrc=twsrc%5Etfw&ref=triana.media), unlike the Stablecoin news. > > A coincidence that [@Visa](https://twitter.com/Visa?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) drops their agentic payments framework a day later? > > Could we see… [https://t.co/Wdop0l017b](https://t.co/Wdop0l017b?ref=triana.media) [pic.twitter.com/hy3sQHGBfk](https://t.co/hy3sQHGBfk?ref=triana.media) > > — s4mmy (@S4mmyEth) [May 1, 2025](https://twitter.com/S4mmyEth/status/1917900023141957914?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) The dual announcements signal a shift in how traditional financial infrastructure is adapting to the rise of AI-native tools. > “We are taking the power of our network and our decades-long expertise to bring new products and solutions that will transform commerce and bring trust and security to AI-enabled payments,” said Visa CEO Ryan McInerney. ### Empowering Agents With Trusted Payment Tools Both Visa and Mastercard envision a near-term future where consumers interact with AI agents to make everyday purchases—ranging from groceries to event tickets—with little to no manual input. Visa’s Intelligent Commerce platform provides developers and enterprise partners with access to the company’s global network of over 150 million merchant locations and 4.8 billion Visa credentials. The company says these capabilities will support everything from one-time transactions to persistent shopping assistants. > “Historically, Visa has used AI to protect consumers,” McInerney said. “Now, we will also enable AI to empower consumers.” Visa emphasized a few core pillars of this next-generation framework: - AI-Ready Cards: Tokenized digital credentials designed for agents to transact securely on users' behalf. - User-Controlled Spend Limits: Real-time transaction controls and dispute protections governed by the consumer. - Consent-Based Personalization: Users can optionally share their transaction history to improve AI agent recommendations. Partner companies working with Visa to bring these tools to market include OpenAI, Anthropic, IBM, Microsoft, Mistral AI, Perplexity, Stripe, and Samsung. ### Mastercard Integrates Payments Into AI Conversations A day earlier, Mastercard introduced Agent Pay, a tool to embed payments into AI-powered conversational experiences. The goal: to turn smart recommendations into seamless transactions across both consumer and business use cases. In one example, Mastercard outlined how an AI assistant might curate an outfit based on a user’s preferences, event details, and local weather—and then complete the purchase using Mastercard One Credential. > “This means that for a soon-to-be-30-year-old planning her milestone birthday party, she can now chat with an AI agent… and also recommend the best way to pay,” Mastercard stated in its announcement. The company is working with Microsoft, IBM, Braintree, and Checkout.com to scale the product across multiple platforms. ### Competing Visions for AI Commerce The announcements from Visa and Mastercard arrive at a moment of rapid experimentation around AI agents in consumer tech. This week, PayPal revealed its own “agentic commerce” initiative, while Amazon, Google, and OpenAI have all released early versions of shopping bots capable of visiting websites, parsing reviews, and assisting with purchases. Visa’s approach remains firmly within the permissioned financial system—agents must be explicitly authorized and operate within the bounds of Visa’s network rules. Meanwhile, proponents of decentralized finance (DeFi) argue that crypto rails offer agents more autonomy, composability, and programmability across protocols. Still, the entry of mainstream payment networks signals growing institutional confidence that AI agents will play a central role in how consumers interact with commerce platforms. > “This will be a transformative change,” said Jack Forestell, Visa’s Chief Product and Strategy Officer. “Bringing more magic and convenience to the consumer experience and creating a new world that will forever change how we shop and buy.” ### Broader Vision: Stablecoins and Flex Credentials In addition to its AI-focused announcements, Visa also expanded its Flex Credential product—a next-gen card that toggles between debit, credit, buy-now-pay-later, and other payment types. It will now be offered in partnership with Klarna, including a pilot debit-to-BNPL rollout in Europe. Visa is also growing its stablecoin infrastructure, collaborating with Stripe subsidiary Bridge to enable developers to issue stablecoin-linked Visa cards via a single API. As AI agents evolve from novelty to infrastructure, the world’s largest payment networks are laying the groundwork for a new form of intelligent commerce—one where digital assistants not only recommend what to buy, but complete the transaction too. ### World Launches in Six U.S. Cities, Expands Digital Identity Network With Visa and Tinder Partnerships URL: https://www.triana.media/world-launches-in-six-u-s-cities-expands-digital-identity-network-with-visa-and-tinder-partnerships/ Last updated: 2026-01-13T21:07:58.000Z World, the blockchain-based identity verification project co-founded by OpenAI CEO Sam Altman, officially launched in the United States this week, marking a major milestone in its global rollout. The initiative—which has now verified over 12 million people in 100+ countries—brings its iris-scanning Orbs to six major U.S. cities and introduces new partnerships aimed at expanding its digital ID ecosystem. > Blink twice if you’re at the [@worldcoin](https://twitter.com/worldcoin?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) launch event tonight 👀 [pic.twitter.com/iv0Fcuygv0](https://t.co/iv0Fcuygv0?ref=triana.media) > > — Jules Mossler (@julie\_mo) [May 1, 2025](https://twitter.com/julie%5Fmo/status/1917759974123659673?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Beginning April 30, Americans can visit World Spaces or select partner locations in Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco to scan their irises and receive a World ID, a unique digital credential designed to verify humanity in an age increasingly dominated by AI. > “The United States stands at the forefront of artificial intelligence innovation,” the company stated. “Now, it’s time for the world’s AI hub to embrace the essential counterpart: proof of human.” The rollout includes more than 7,000 orbs across retail and standalone centers, including in Razer stores. Users who complete the scan through the World App will receive an airdrop of 16 WLD, the platform’s native token. Early registrants may also qualify for a “pioneer grant” of 150 WLD, according to the company. ## Built for Privacy and Scale Backed by the startup Tools for Humanity, World has emphasized that its system is “private by design.” According to Chief Architect and CISO Adrian Ludwig, personal data is not stored centrally but rather encrypted and divided among multiple parties to minimize risk. > “For consumers, they don’t want to think about this technology,” Ludwig said. “What they want to think about is: ‘I want to be dating real people.’” The project uses advanced cryptography, including zero-knowledge proofs and anonymized multi-party computation, to validate users’ uniqueness while preserving anonymity. ## Visa Card, Tinder Pilot, and New Use Cases In addition to the U.S. launch, World unveiled two high-profile partnerships. A new World Visa Card—developed in collaboration with Visa—will allow users to make payments using WLD or other digital assets, with automatic fiat conversion at checkout. The card will be available later this year, but only to users verified with a World ID. > Personal finance 🤝 Rewards for verified humans. > > The World Card will let verified humans spend straight from World App and access rewards. Online, IRL, anywhere [@Visa](https://twitter.com/Visa?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) is accepted. [pic.twitter.com/hSrzGcxHy2](https://t.co/hSrzGcxHy2?ref=triana.media) > > — World (@worldcoin) [May 1, 2025](https://twitter.com/worldcoin/status/1917772690414526508?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) World is also teaming up with Match Group, the parent company of Tinder, to pilot identity verification within the dating app. The goal is to reduce fake accounts and improve trust in online dating. ![Worldcoin partners with Tinder](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2025/05/image.png) Other integrations include prediction market Kalshi, gaming platform Razer, and decentralized lending protocol Morpho. > Earn and borrow on World, powered by Morpho > > 25M+ humans can now access crypto-backed loans and onchain yield, directly in the [@worldcoin](https://twitter.com/worldcoin?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) app. [pic.twitter.com/UuQ3UA2Tfk](https://t.co/UuQ3UA2Tfk?ref=triana.media) > > — Morpho Labs 🦋 (@MorphoLabs) [May 1, 2025](https://twitter.com/MorphoLabs/status/1917858622585069829?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) ## Regulatory Timing and Global Ambitions World’s U.S. launch comes as federal scrutiny of crypto projects has eased under the Trump administration. While the project has faced challenges abroad—most notably with privacy regulators in Germany—the regulatory climate in the U.S. has become increasingly favorable for emerging identity and blockchain solutions. > “This expansion is a strategic move designed to leverage the country’s leadership in artificial intelligence,” the company noted in its statement. Co-founder Sam Altman, who also serves as chairman of Tools for Humanity, has long envisioned World as a global identity layer to help distinguish humans from AI systems, especially as artificial general intelligence (AGI) nears practical deployment. Altman has also suggested that Worldcoin could eventually form the basis for a universal basic income, as automation reshapes the labor market. ## What’s Next Users in supported U.S. cities can now download the World App, complete a scan, and gain access to a growing ecosystem of 150+ mini-apps spanning education, finance, and social interaction. Verified users also receive ongoing airdrops, WLD token storage, and early access to new features—including upcoming ID integrations with platforms like Stripe. While the project’s goals are ambitious—and its methods controversial—World is now officially live in the world’s largest tech economy, with expansion plans continuing throughout 2025. > “The need for genuine connection has never been greater,” the company said. “Meeting new people should feel exciting and secure, with tools that make it easier to trust and connect authentically.” [World Launches in the USA, at LastThe United States of America stands at the forefront of artificial intelligence innovation.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/icon/apple-touch-icon.png)World![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/thumbnail/aBKBCfIqRLdaBxHA_USLaunch.png)](https://world.org/blog/announcements/world-launches-in-the-usa-at-last?ref=triana.media) ### Metaplanet to Establish U.S. Subsidiary, Allocate $250M to Accelerate Bitcoin Treasury Strategy URL: https://www.triana.media/metaplanet-to-establish-u-s-subsidiary-allocate-250m-to-accelerate-bitcoin-treasury-strategy/ Last updated: 2025-05-01T13:11:43.000Z Japanese investment firm Metaplanet announced Thursday that it will establish a wholly owned subsidiary in Florida and allocate up to $250 million to scale its Bitcoin treasury operations. The new entity, Metaplanet Treasury Corp., will be based in Miami and is intended to strengthen the company’s ability to access institutional liquidity, optimize treasury execution, and operate more flexibly across global markets. The move is part of Metaplanet’s broader global expansion strategy. > “We intend to accelerate this strategy by establishing Metaplanet Treasury Corp. in Florida, a rapidly emerging hub for Bitcoin-focused companies and financial innovation,” the company said in a public statement. According to Metaplanet CEO Simon Gerovich, Florida was chosen specifically for its “business-friendly policies and rising status as a global center of capital and technology.” In a translated post, Gerovich said the decision would help “further strengthen our strategic position in the U.S. market and mark an important step in Metaplanet’s evolution as a global Bitcoin treasury company.” The company noted that the new subsidiary will complement its existing operations in the British Virgin Islands and “increase our ability to respond to market dynamics with speed and precision.” The financial impact of the move is expected to be limited in the short term. ## $250 Million Allocation Plan Metaplanet Treasury Corp. will launch with $10 million in initial capital and plans to allocate up to $250 million toward expanding its Bitcoin holdings. While some reports described this as a fundraising effort, Gerovich clarified that the capital will be sourced internally rather than through public financing. Metaplanet has already employed a variety of treasury instruments—such as equity raises, stock acquisition rights, and zero-coupon bonds—to fuel its Bitcoin accumulation. ## Targeting 10,000 BTC in 2025 As of April 24, Metaplanet holds 5,000 BTC, having added over 1,600 BTC in the past month. The company aims to double that figure to 10,000 BTC by the end of 2025, with a longer-term goal of reaching 21,000 BTC by the end of 2026. The firm’s Bitcoin strategy has drawn comparisons to MicroStrategy (now Strategy), Block, and other major corporate holders. Metaplanet is already one of Asia’s largest corporate Bitcoin accumulators and is ranked among the top ten globally. ## Advisory Momentum and U.S. Positioning Metaplanet recently appointed David Bailey, CEO of Bitcoin Magazine and an influential voice in U.S. crypto policy circles, to its strategic advisory board. The company described the addition as part of its effort to align more closely with U.S. market dynamics and Bitcoin-focused leadership. > “Alongside our existing BVI entity, the addition of a U.S. subsidiary enhances our international structure,” Metaplanet wrote, “and increases our ability to respond to market dynamics with speed and precision.” ## A Timely Announcement Ahead of Bitcoin for Corporations The news comes just ahead of the [Bitcoin for Corporations 2025](https://www.strategysoftware.com/world25/bitcoin-for-corporations?ref=triana.media) event in Orlando, where CEO Gerovich is scheduled to appear. The conference, hosted by Strategy, is expected to draw leading voices in institutional crypto adoption and showcase how companies are integrating Bitcoin into their treasury strategies. Shares of Metaplanet (TSE: 3350) closed up 2.6% on Thursday at 394 yen ($2.73), bringing its one-year performance to over 1,250%, according to [TradingView](https://www.tradingview.com/chart/Ctvu9Vqy/?symbol=TSE%3A3350&ref=triana.media). ### Wilder World Unveils Expansive Vision For The Metaverse, New Layer 1 URL: https://www.triana.media/wilder-world-unveils-expansive-vision-for-the-metaverse-new-layer-1/ Last updated: 2025-04-30T00:10:11.000Z Today, Wilder World published its long-awaited Vision Paper, a comprehensive document mapping the future of a persistent, decentralized Metaverse powered by AGI, virtual reality, and blockchain. **Read the Vision Paper:** [Wilder World — A New Dimension of RealityA massive open-world metaverse where you can race, fight, explore and build. Engage in high-speed street races, intense FPS battles, RPG-driven missions and own everything from land to vehicles—all within Wilder World.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/icon/YXBEq5A3UHDtrDf8HVQORRWxqBY.svg)![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/thumbnail/ZGBc65LlfD6PIAM12YxDGshT9Y.webp)](https://www.wilderworld.com/visionpaper?ref=triana.media) The 100+ page paper details the project's core technologies, economic systems, game mechanics, lore, and long-term governance vision. > “The most consequential technologies of our time—artificial general intelligence (AGI), cryptocurrency and virtual reality—will soon meet in the Metaverse,” the paper opens. “This isn’t a distant future—it’s unfolding now.” ## Wiami: The First Playable City in Wilder World The Vision Paper highlights Wiami, a hyperreal, onchain city modeled after Miami, as the first fully playable city within Wilder World. It spans over 1,024 km²—13.5x larger than *GTA V*—and blends decentralized land ownership, dynamic weather, and open-world exploration with a persistent player-driven economy. Wiami is divided into three major zones: The Island, with 6,544 land plots; The Mainland, focused on mining and resource extraction; and the still-unrevealed No Man’s Land. The Island alone features eight unique neighborhoods zoned for residential, commercial, industrial, and mixed use. > “Constructed with geospatial data and custom worldbuilding tools, Wiami is designed as a living city governed by blockchain logic.” Players can acquire and develop land, build businesses, or participate in missions that impact Wiami’s lore and economy in real time. ## Simulation OS: The Full-Stack Metaverse Infrastructure A major focus of the Vision Paper is Simulation OS, the foundational technology stack behind Wilder World. It connects every layer of the ecosystem—from blockchain to compute, identity, governance, AI, and user interface. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2025/04/image-7.png) > “Simulation OS organizes and combines the necessary infrastructure, components, modules, and protocols that will enable us to create the Metaverse as we imagine it.” Simulation OS includes the following components: ### ZERO ZERO is the social operating system that unifies identity, messaging, commerce, and governance. It includes: - ZERO ID (ZID): A sovereign onchain identity system - Messaging and Phone: Encrypted chat, video, and voice - Wallet and Marketplace: For cross-chain assets and NFTs - AI Assistant: A native agent interface for daily support - DAO Tools: Voting, treasury management, and community governance ZERO is integrated into Wilder World and available on desktop, mobile, and web. ### Z Chain Z Chain is a high-performance Layer 1 blockchain designed for real-time applications: - Sub-400ms block times - 100K+ transactions per second - Native sharding and zk-SNARK scalability - EVM-compatible with AggLayer integration > “Z Chain enables four core advantages within a single blockchain environment,” including scalability, fast finality, and cross-chain operability. It supports gaming, AI processing, high-frequency trading, and decentralized social networks. ### The GRID The GRID is Wilder World’s decentralized compute and data network. It allows real-time execution of complex virtual environments without relying on centralized cloud providers. > “Where blockchains provide consensus, The GRID delivers speed, scalability, and flexibility for general-purpose compute.” It uses secure virtual machines, programmable consensus, and a peer-to-peer network architecture to power services within Simulation OS. ### AURA AURA is an AI-native OS composed of autonomous agents capable of memory, reasoning, and coordination. > “Unlike today’s large language models... AURA’s Agents exhibit advanced reasoning, maintain short- and long-term memory, and iteratively enhance themselves over time.” Agents operate within secure environments, coordinate in swarms, and serve players in-game or within ZERO. They can handle tasks like mining, DAO analytics, onboarding, and world-building. ## The Wilder World Economy and $WILD The economic backbone of Wilder World is $WILD, a multi-chain deflationary utility token used for transactions, minting resources, and participating in governance via the Wilder World DAO. > “Fees from transactions are burned, reducing supply over time and aligning long-term incentives between builders, players, and investors.” The economy is structured through Metropolis, a decentralized production system organized into industries and governed by DAOs. Players extract raw resources, refine them, build in-game assets via blueprints, and trade them across open NFT marketplaces. Genesis NFTs tied to industries offer staking, rewards, and voting rights. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2025/04/image-8.png) The Trinity Rewards Program further incentivizes ownership of three distinct Genesis assets, unlocking exclusive avatars, airdrops, and access to new zones like Trinity Island. ## A Living, Player-Driven Narrative Wilder World’s lore introduces an alternate universe—FBR—where a scientist named F.G. Wilder developed Artificial Super Intelligence (ASI) to survive an existential collapse. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2025/04/image-10.png) In our world (OBR), a shadow organization called The FORUM suppresses progress. Wilder World exists as a simulation bridge between these realities, with players shaping its outcome. > “The story of Wilder World is not fixed,” the paper explains. “It is cross-fictional, co-emergent, and evolutionary.” Players choose their roles (hero or villain), align with or against FORUM forces, and influence unfolding lore through in-game decisions. ## Not Just Play—Presence The paper emphasizes social, creative, and economic layers beyond gaming. Live concerts, AI-powered art galleries, business hubs, and shopping experiences will all be part of the world, alongside user-generated clubs, venues, and narrative spaces. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2025/04/image-9.png) > “Wilder World is not just about play—it’s about presence.” The ecosystem supports creator tooling, 3D asset generation, smart contract templates, and DAOs to allow anyone—from indie builders to global brands—to contribute meaningfully. ## Looking Ahead Wilder World is currently available in early access, with full public launch expected later this year. It is ranked #9 on the Epic Games Store wishlist leaderboard and is partnered with Samsung, NVIDIA, Polygon Labs, SuperVerse, and others to expand its reach. > “Wilder World is a player-owned, operated, and governed realm, shaped by citizens united to mold this expansive frontier in their image.” With Simulation OS open-sourced and live infrastructure already operational, Wilder World positions itself not just as a game, but as a new operating system for virtual civilization. ### Wilder World to Release Vision Paper Outlining Metaverse Strategy URL: https://www.triana.media/wilder-world-to-release-vision-paper-outlining-metaverse-strategy/ Last updated: 2025-04-28T23:19:57.000Z Wilder World is set to release a new Vision Paper on Wednesday, aiming to provide a unified overview of its evolving metaverse project. In a post on social media, the team described the Vision Paper as a way to distill its "grand vision of the Metaverse" into a single source of truth. The release is designed to help newcomers, investors, and longtime followers better understand Wilder World’s on-chain economy, game modes, and broader ecosystem. > The Wilder World Vision Paper lands tomorrow. > > Distilling our grand vision of the Metaverse in a single source of truth. [pic.twitter.com/tuYeX8BFpK](https://t.co/tuYeX8BFpK?ref=triana.media) > > — Wilder World (@WilderWorld) [April 28, 2025](https://twitter.com/WilderWorld/status/1916900225794576589?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) While much of the content is expected to be familiar to devoted community members, the Vision Paper will bring together previously scattered details into one cohesive narrative, with some new insights included. Deeper technical breakdowns of topics like WILD tokenomics, staking, and rewards will be covered separately in future ZINE publications. Co-founder Frank Wilder said the paper will "outline everything from the ground up," signaling an effort to streamline communication as Wilder World moves closer to launch. > In case the vision wasn’t clear already… > > Stay tuned for our new vision paper, where we will outline everything from the ground up. Covering our robust onchain economy, various game modes inside Wilder World and more. [https://t.co/oZzqH4VQSN](https://t.co/oZzqH4VQSN?ref=triana.media) > > — Frank Wilder (@realfrankwilder) [April 28, 2025](https://twitter.com/realfrankwilder/status/1916962235148025964?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Wilder World is currently positioned for release later this year and sits at number nine on the [Epic Games Store wishlist leaderboard](https://store.epicgames.com/en-US/collection/top-wishlisted?ref=triana.media). ### SEC Chair Paul Atkins Signals Regulatory Reset for Crypto: “Innovation Has Been Stifled” URL: https://www.triana.media/sec-chair-paul-atkins-signals-regulatory-reset-for-crypto-innovation-has-been-stifled/ Last updated: 2026-01-12T17:57:33.000Z The crypto industry is entering what many are calling a reset era after Paul Atkins, the new chair of the U.S. Securities and Exchange Commission (SEC), made his public debut at a highly anticipated crypto roundtable on Friday. Atkins, who was sworn in earlier this week, didn’t hold back in his first official remarks. “The market itself seems to indicate that the current framework badly needs attention,” he said, pointing to years of regulatory uncertainty that many in the industry believe stalled innovation and scared away capital. His message was clear: under his leadership, the SEC is shifting from an adversarial stance to one of engagement. ### A New Tone from the Top Atkins, a former SEC commissioner known for his deregulatory leanings, is stepping in to replace Gary Gensler, whose tenure was marked by high-profile enforcement actions and widespread criticism from crypto builders and investors. During his remarks, Atkins thanked Commissioner Hester Peirce for her “principled and tireless advocacy for common-sense crypto policy within the US,” and emphasized the need to address what he called “long-festering issues” surrounding the treatment of digital assets and blockchain technologies. > Chairman Paul Atkins' remarks at the Crypto Task Force Roundtable today: > > I am in my fourth day back at the Commission and thank my fellow Commissioners and the SEC staff for their warm welcome. > > — U.S. Securities and Exchange Commission (@SECGov) [April 25, 2025](https://twitter.com/SECGov/status/1915841123865546989?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) He didn't mince words about the agency’s prior approach, stating that “innovation has been stifled for the last several years due to market and regulatory uncertainty that unfortunately the SEC has fostered.” Atkins also pointed to the potential of blockchain to improve financial infrastructure through better transparency, efficiency, and risk management. “Market participants engaging in this technology deserve clear regulatory rules of the road,” he said. The roundtable convened executives from Anchorage Digital, Kraken, BitGo, Fireblocks, and other major crypto players. Much of the discussion centered on custody rules—particularly the prior administration’s treatment of crypto assets as liabilities on balance sheets, which many say discouraged institutions from entering the space. Commissioner Peirce echoed Atkins’ openness to reform, noting, “A regulatory approach should recognize the differences across qualified custodians. But for others, self-custody might be the safer option.” [Read Chairman Atkins’ full remarks here.](https://www.sec.gov/newsroom/speeches-statements/atkins-remarks-crypto-task-force-roundtable-042525?ref=triana.media) ### From Crackdowns to Clarity The roundtable follows a string of recent decisions by the SEC that signal a softer stance on enforcement. Just weeks ago, the Commission formally dropped its years-long lawsuit against Ripple, and in January, it repealed Staff Accounting Bulletin 121—a controversial rule that critics said kept banks from offering crypto services. Legal observers noted the timing of these moves. “The mood has already changed,” said Katherine Dowling, general counsel at Bitwise. “We’ve seen a flurry of cases dropped or paused—not because regulation is going away, but because we need to rethink how it applies.” ### An Opening for Industry Builders Chris Perkins, president of CoinFund, called Atkins’ arrival a turning point. “Investors are comfortable taking market risk—but not reputational or regulatory risk,” he said. “Now you’re removing that personal liability cloud. It’s a green light for both capital and talent.” James Gernetzke, CFO of crypto wallet provider Exodus, predicted a revival in crypto IPOs within the next year. “You’ll see it toward the end of the year. It’s coming,” he said. Still, the optimism comes with caution. Atkins will need to navigate complex legal and policy terrain as the SEC attempts to balance investor protection with the decentralized, borderless nature of digital assets. Custody is only the first in a long list of regulatory gray areas. ### What’s Next Friday’s roundtable was the first in what’s expected to be a series of discussions between the SEC and industry leaders. While no formal policy shifts were announced, the tone of the event was enough to stir optimism among participants. Atkins, who has advised crypto companies in the past, will need to build consensus both within the SEC and across political lines in Washington. But for the first time in years, the door appears open for a version of crypto regulation that emphasizes clarity over confrontation. For an industry long exhausted by regulatory uncertainty, that’s a welcome change. ### Jack Mallers to Lead New Bitcoin Powerhouse 'Twenty One' While Remaining CEO of Strike URL: https://www.triana.media/jack-mallers-to-lead-new-bitcoin-powerhouse-twenty-one-while-remaining-ceo-of-strike/ Last updated: 2026-01-12T17:57:23.000Z Strike founder Jack Mallers is expanding his leadership portfolio with the launch of [Twenty One Capital](https://xxi.money/?ref=triana.media), a newly announced Bitcoin-native company that aims to become a dominant public vehicle for Bitcoin exposure. The firm is backed by crypto heavyweights Tether, Bitfinex, and SoftBank, and is set to go public through a SPAC merger with Cantor Equity Partners (NASDAQ: CEP). > Announcing Twenty One: [https://t.co/zg4PVHidw2](https://t.co/zg4PVHidw2?ref=triana.media) > > Twenty One is a [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=triana.media)\-native company and the ultimate vehicle for capital markets to access [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=triana.media) > > We intend to leverage capital markets to maximize [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=triana.media) ownership per share (BPS) & pioneer [#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=triana.media)\-native financial tools [pic.twitter.com/RixWzvcL1y](https://t.co/RixWzvcL1y?ref=triana.media) > > — Jack Mallers (@jackmallers) [April 24, 2025](https://twitter.com/jackmallers/status/1915399337913290867?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) At launch, Twenty One is expected to hold over **42,000 BTC**, placing it behind only Strategy (formerly MicroStrategy) and MARA Holdings as one of the largest corporate holders of Bitcoin. While speculation swirled about his future at Strike, Mallers was quick to clarify: > "To be clear, I am the CEO of Strike. I will lead both companies," he wrote on X. "At Strike, we will continue building #Bitcoin financial services for the world, making Bitcoin more accessible for all." ### Built by Bitcoiners, for Bitcoiners Twenty One is positioning itself as a pure-play Bitcoin company—not just tracking BTC performance, but measuring and growing shareholder value in **Bitcoin terms**, not dollars. Its two flagship metrics: - **Bitcoin Per Share (BPS)** – Reflects the amount of BTC each share represents - **Bitcoin Return Rate (BRR)** – Measures how fast BPS grows over time Mallers described the vision as building “a new market,” not beating an old one. “We believe Bitcoin is the answer, and Twenty One is how we bring that answer to public markets,” he said in the launch announcement. The company plans to offer more than just a treasury holding. It will explore Bitcoin-native financial products, media, and educational content, including lending services and advisory offerings—all designed with a Bitcoin-first mindset. ### A SPAC Deal and Massive Treasury The firm will go public via a merger with Cantor Equity Partners and plans to list under the ticker XXI on Nasdaq. A total of $585 million in capital has been raised via PIPE financing and convertible notes, which will be used to purchase more Bitcoin and fund general operations. Tether, which is also a co-founder of Twenty One, has committed to buying Bitcoin equal to the full PIPE raise. Once the transaction closes, those BTC reserves will be transferred to Twenty One. > So it begins...[@Tether\_to](https://twitter.com/Tether%5Fto?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) \+ [@SoftBank](https://twitter.com/SoftBank?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) \+ [@bitfinex](https://twitter.com/bitfinex?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) \+ [@Official\_Cantor](https://twitter.com/Official%5FCantor?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) \+ [@jackmallers](https://twitter.com/jackmallers?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) announced Twenty One, a Bitcoin-native Company, expected to launch with over 42,000 Bitcoin and a mission to maximize Bitcoin Ownership Per Share. > > At Tether and Bitfinex, we have always… [pic.twitter.com/Da8nD85mVE](https://t.co/Da8nD85mVE?ref=triana.media) > > — Paolo Ardoino 🤖 (@paoloardoino) [April 24, 2025](https://twitter.com/paoloardoino/status/1915320066876284990?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Mallers’ new venture enters the arena at a time when Bitcoin-centric companies are gaining renewed interest from both retail and institutional investors. The move also sets up Twenty One as a direct competitor to Strategy, whose massive BTC holdings helped usher in a corporate treasury trend during the last bull cycle. ### Meanwhile at Strike: Growth and Profitability While launching a new company might seem like a distraction, Mallers insists Strike remains a core priority—and he’s got the numbers to back it up. Strike recently shared internal financials publicly for the first time: - **2024 Volume:** $6B+ - **Year-over-Year Growth:** 600% - **Gross Profit Margin:** 85% - **Customer Acquisition Cost:** $0 - **Largest Customer Cohort:** $50K–$500K/month in volume - **Profit Outlook:** Expecting 8–9 figures in net profit in 2025 with a lean team of \~75 employees The data paints a picture of a lean, fast-scaling fintech operation that’s turning Bitcoin financial infrastructure into a profitable business model. ### What’s Next? The SPAC deal values Twenty One at a $3.6 billion enterprise value, with the transaction expected to close later this year, pending shareholder approval and regulatory review. Once live, Twenty One intends to become the go-to public company for Bitcoin believers—one that doesn’t just hold BTC but builds around it. With Jack Mallers leading both Strike and Twenty One, the vision is clear: make Bitcoin more accessible, more powerful, and more deeply integrated into financial infrastructure. ### Wilder World Staking: Transitioning to Z Chain URL: https://www.triana.media/wilder-world-staking-transitioning-to-z-chain/ Last updated: 2026-01-12T17:57:19.000Z Last week, Wilder World announced a major update to its staking and liquidity mining system with the migration to Z Chain, a faster and more cost-effective blockchain. Since the launch of WILD staking and Liquidity Mining in December 2021, Wilder World has rewarded users with millions of WILD tokens, helping to deepen their commitment to the WILD economy. Now, with the introduction of Z Chain’s mainnet earlier this year, Wilder World is entering a new phase, promising faster, cheaper, and more efficient staking. ## **A Seamless Transition to Z Chain** The migration to Z Chain will be handled natively by the protocol, meaning Wilders won’t need to manually unstake or restake their assets. Current WILD and LP positions will be migrated seamlessly, with deposits, withdrawals, and rewards all taking place on Z Chain going forward. This shift will eliminate the costly gas fees associated with Ethereum L1 transactions, offering a smoother and more affordable experience for stakers. To ensure stability and security, the migration process will occur in phases, with the final audit from Nethermind recently completed. Wilders will be notified ahead of time when the migration is set to take place, minimizing disruptions and ensuring a smooth transition. ## **Reduced Rewards for Long-Term Sustainability** In alignment with the migration, the total rewards rate for both WILD and LP staking will be reduced to 10-30% of current levels. This reduction is part of an effort to manage token inflation and ensure the long-term sustainability of the WILD token economy. Despite this reduction, the APR will remain dynamic, adjusting automatically based on the total amount staked in each pool. The Wilder World team is actively seeking community feedback on the new rewards system to refine and improve it. Users are encouraged to share their thoughts via a [Typeform survey](https://form.typeform.com/to/Cidte3Cp?ref=zine.live), ensuring that the V2 rewards experience reflects community input before launching future reward systems. ## **Unlocking Previously Locked Rewards** A significant change in the new staking system is the removal of the 12-month lock on claimed staking rewards. Once the migration to Z Chain is complete, all previously locked rewards will become immediately withdrawable, giving Wilders full access to their tokens without the limitations of past reward structures. ## **LP Staking and the L1–Z Chain Interface** While LP tokens staked in the Uniswap WILD/ETH pool will remain on Ethereum’s mainnet, Z Chain will allow L1 LP tokens to exist on its platform. If users wish to remove their LP stake after migration, they will need to bridge their LP tokens back to Ethereum and manually remove liquidity from Uniswap on L1. ## **Looking to the Future** This migration marks a significant step forward for Wilder World, offering a more accessible, cost-effective staking system that will support long-term sustainability. While reward emissions will be reduced, the new system will offer greater flexibility and efficiency for participants. The team is committed to continually improving the staking experience and welcomes community feedback as it shapes the future of the ecosystem. With the transition to Z Chain, Wilder World is laying the foundation for an even more robust economy, where rewards are streamlined, staking is more cost-efficient, and the ecosystem thrives. --- Read the team's full announcement: [Wilder World Staking: Transitioning to Z ChainIntroduction Back on December 20th, 2021, we introduced WILD staking and Liquidity Mining, giving the Wilder Nation an opportunity to earn yield and deepen their commitment to the WILD economy. Since launch, we’ve distributed millions of WILD to users who staked their tokens or provided liquidity through Uniswap. Now![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/icon/Z_Fav_60x60.png)ZINEWilderWorld![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/thumbnail/Chains-1--1-.png)](https://www.zine.live/wilder-world-staking-transitioning-to-z-chain/?ref=triana.media) ### KPR Details "New Eden Dreams": Gamified Experience & Edenlayer Integration URL: https://www.triana.media/kpr-details-new-eden-dreams-gamified-experience-edenlayer-integration/ Last updated: 2025-04-16T16:48:22.000Z KPR is set to take its gamified platform to new heights with "New Eden Dreams" (NED), a persistent, evolving experience designed for long-term engagement. Building upon the success of the "Ramen Wars" activation from February 2024, NED introduces major gameplay upgrades, fresh storytelling, and integration with the cutting-edge [Edenlayer protocol](https://x.com/edenlayer?ref=triana.media). ## **The Evolution of Gamification: Drone Crafting & Public Leaderboards** In response to community feedback, NED evolves the fast-paced nature of Ramen Wars into a more expansive, sustainable experience. Central to this is the new focus on drone crafting, where players will engage in daily missions to collect parts and build unique drone models while unlocking new locations and progressing through an immersive 12-chapter storyline. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2025/04/image-1.png) The game introduces public leaderboards, enabling players to compete for rewards based on their performance within the KPR Citizenship System, offering seasonal bonuses and exclusive achievements for top-tier participants. ## **Storytelling with Real Utility: Engaging Players Through the Agentic Economy** NED’s 15,000-word script and engaging characters immerse players in the vibrant world of KPR, combining cyberpunk, solarpunk, and post-apocalyptic genres. As players venture deeper into Prisma City, they'll discover new locations and meet fresh characters, including the reappearance of fan-favorite Pamp. This expansive narrative is more than just entertainment; it serves as a gateway for onboarding into Edenlayer, KPR’s new AI collaboration protocol. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2025/04/image-2.png) Edenlayer, co-founded by Felix Norden and End, is set to revolutionize the Agentic Economy by enabling AI agents and users to interact seamlessly across Web3 and Web2 applications. NED will be the first app to showcase Edenlayer, providing players with a hands-on experience through the EDEN IO terminal. This integration allows users to explore AI agents' capabilities and unlock unique workflows, further enriching the KPR ecosystem. ## **A Gamified Onboarding Experience for Edenlayer** NED is strategically designed to onboard users into Edenlayer's groundbreaking features, providing a fun and engaging way to interact with the protocol. The integration promises real utility for KPR holders, with exclusive bonuses, early access, and gameplay rewards tied to the Edenlayer protocol. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2025/04/image-3.png) As part of this collaboration, KPR will receive a portion of the $EDEN token Community Rewards, based on players' Citizenship Scores and Keeper Counts, ensuring value for both new players and long-term community members. ## **Looking Ahead: The Future of KPR and Edenlayer** KPR’s partnership with Edenlayer represents a major milestone in the project's evolution, bringing together immersive storytelling and real-world utility. By bridging the gap between gamified experiences and the emerging Agentic Economy, KPR is poised to not only attract new audiences but also continue rewarding its loyal community of Keepers. As the project unfolds, the KPR community can look forward to new opportunities for growth, rewards, and deeper engagement within the expanding ecosystem. Keep. Protect. Reimagine. The journey continues. ### Satoshi Nakamoto’s Legacy Celebrated with New Statue in El Salvador URL: https://www.triana.media/satoshi-nakamotos-legacy-celebrated-with-new-statue-in-el-salvador/ Last updated: 2026-01-12T17:57:15.000Z In a powerful tribute to Bitcoin’s anonymous creator, Satoshi Nakamoto, a second statue has been unveiled in El Zonte, El Salvador, also known as “Bitcoin Beach.” This monument, designed by Valentina Picozzi, mirrors the one [raised earlier in Lugano, Switzerland](https://bitcoinmagazine.com/takes/satoshi-nakamoto-statue-in-lugano-is-inspiring-?ref=triana.media), symbolizing global acknowledgment of Nakamoto’s monumental impact on the cryptocurrency world. > 🎥 WATCH: A new Satoshi statue has been unveiled in El Zonte, El Salvador. > > Bearly 6,000 miles from the Satoshi statue in Lugano, Switzerland. [pic.twitter.com/xvswskOoaP](https://t.co/xvswskOoaP?ref=triana.media) > > — Cointelegraph (@Cointelegraph) [April 15, 2025](https://twitter.com/Cointelegraph/status/1912280056610672699?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) The unveiling of the statue in El Zonte is significant for multiple reasons. It comes at a time when El Salvador, the first country to adopt Bitcoin as legal tender, continues its aggressive stance on cryptocurrency. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2025/04/image.png) The New Satoshi Statue in El Salvador | Source: [@bitcoin\_hotel](https://x.com/bitcoin%5Fhotel/status/1911432952363262029?ref=triana.media) The statue solidifies the country’s commitment to Bitcoin and serves as a beacon for the ongoing Bitcoin experiment, with Bitcoin Beach remaining at the heart of El Salvador’s crypto movement. The statue's location is here, [according to @satoshigallery on X](https://x.com/satoshigallery/status/1911468819073433608?ref=triana.media) \- [https://maps.app.goo.gl/AXusBDKKoNhw7AHf9?g\_st=iw](https://maps.app.goo.gl/AXusBDKKoNhw7AHf9?g%5Fst=iw&ref=triana.media) ### **Symbolizing Unity and Technological Progress** The statue is more than just a physical structure—it reflects the community spirit and shared values of the global Bitcoin ecosystem. The hooded figure in the statue is designed to embody the message that "we are all Satoshi," with industry leaders like Tether CEO Paolo Ardoino echoing this sentiment. Ardoino, in a tweet, noted, “In El Salvador, we are all Satoshi,” emphasizing the collective ownership of Nakamoto’s revolutionary vision. > We're all Satoshi. Especially in El Salvador. [https://t.co/dC4HpDfpI7](https://t.co/dC4HpDfpI7?ref=triana.media) > > — Paolo Ardoino 🤖 (@paoloardoino) [April 13, 2025](https://twitter.com/paoloardoino/status/1911508407829307889?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) The El Zonte statue stands as a symbol of technological and financial progress, highlighting Bitcoin’s growing cultural significance. As the world continues to speculate on Nakamoto's true identity, monuments like these act as permanent reminders of his lasting legacy in the digital currency space. ### **A Global Movement to Honor Satoshi Nakamoto** The creation of the second Satoshi Nakamoto statue follows the unveiling of the first in Lugano, Switzerland, and highlights the worldwide recognition of Nakamoto’s influence. This wave of memorializing the pseudonymous Bitcoin creator underscores the continued importance of Bitcoin in global finance. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2025/04/Gauz9L2XUAAKgTA-768x1024.jpg) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2025/04/satttststst.webp) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2025/04/a_a527ef.webp) The Satoshi Nakamoto Statue in Lugano, Switzerland In addition to the statue, El Salvador’s government has been actively fostering crypto adoption through regulatory efforts, ensuring that Bitcoin remains integral to the country’s future. The latest monument is part of a broader effort to solidify Bitcoin's role not only as a financial asset but a cultural and technological force. The mystery surrounding Nakamoto's identity continues to captivate the crypto community. With HBO’s recent investigation into potential candidates—only for Peter Todd to deny any involvement—interest in uncovering the real identity of Nakamoto remains as strong as ever. In the meantime, statues like the one in El Zonte serve as enduring symbols of Nakamoto’s groundbreaking contributions and the ongoing evolution of Bitcoin and the broader cryptocurrency ecosystem. ### **A Cultural Milestone in the Bitcoin Journey** The unveiling of the statue in El Zonte represents more than just a tribute to Nakamoto’s legacy; it signifies the enduring impact of Bitcoin on global finance. As discussions around Nakamoto's identity persist, these statues offer a visual reminder of the role that Bitcoin continues to play in shaping the future of decentralized finance (DeFi) and the broader digital economy. Through this initiative, El Salvador and Bitcoin Beach remain at the forefront of a movement that continues to push the boundaries of what’s possible in cryptocurrency and blockchain technology. As the search for Satoshi Nakamoto’s true identity remains unsolved, the unveiling of statues in honor of this enigmatic figure serves to further cement his legacy. Whether the world ever uncovers the real Nakamoto or not, the impact of Bitcoin—and the global recognition of Nakamoto’s role in creating it—remains undeniable. The statue in El Zonte, alongside those erected in other parts of the world, ensures that his contribution will never be forgotten. ### Sui To Become Bitcoin-Secured Network As Part Of Babylon's Phase 3 URL: https://www.triana.media/sui-to-become-bitcoin-secured-network-as-part-of-babylons-phase-3/ Last updated: 2026-01-12T17:57:11.000Z Sui, one of the most innovative Layer 1 blockchains, is set to become a Bitcoin Secured Network (BSN) through an integration with the Babylon Bitcoin staking protocol. This move, announced on April 15, 2025, builds upon the partnership between Sui and Babylon, which was first established last year, and marks a major milestone for both the Sui network and the Bitcoin ecosystem. > Sui is becoming a Bitcoin Secured Network (BSN) on the Babylon protocol, expanding its BTCfi reach. > > Babylon and [@SuiNetwork](https://twitter.com/SuiNetwork?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) deepen technical ties expanding Sui’s growing connection with Bitcoin into the next frontier. > > Read the full article 👉 [https://t.co/75LkqFjv0m](https://t.co/75LkqFjv0m?ref=triana.media) [pic.twitter.com/bai8pQjnMm](https://t.co/bai8pQjnMm?ref=triana.media) > > — Babylon (@babylonlabs\_io) [April 15, 2025](https://twitter.com/babylonlabs%5Fio/status/1912160031539179596?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) As a Bitcoin Secured Network, Sui will inherit the security and liquidity benefits of Bitcoin, supported by staked native BTC. This allows Bitcoin holders to participate in securing the Sui network while maintaining full custody of their BTC, making it easier for them to engage with decentralized finance (DeFi) opportunities. The integration enhances the cross-chain functionality of Sui, unlocking new staking rewards and providing a seamless path for Bitcoin capital to flow directly into the Sui ecosystem. Sui's decision to integrate with Babylon signifies the broader trend of using Bitcoin’s vast market value—currently at $1.5 trillion—to secure scalable, fast, and programmable blockchain ecosystems like Sui. This collaboration introduces Bitcoin-backed scalability, expanding the utility of Bitcoin beyond its traditional role as a store of value and medium of exchange. ## **What This Means for Sui and the Broader Blockchain Ecosystem** Sui’s Bitcoin Secured Network status opens the door for a new economic primitive: Bitcoin-backed scalability. This partnership enables Sui to leverage Bitcoin's liquidity and security to foster the growth of decentralized applications (dApps) and services that benefit from Bitcoin's decentralized, battle-tested security infrastructure. > Chains are realizing that partnering with [@babylonlabs\_io](https://twitter.com/babylonlabs%5Fio?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) for security ensures > \- robust, less-volatile base of security > \- alignment with BTC holders -> driving TVL > > acc/btc [https://t.co/l4wRPVqSQo](https://t.co/l4wRPVqSQo?ref=triana.media) > > — george beall (@GeorgePBeall) [April 15, 2025](https://twitter.com/GeorgePBeall/status/1912169449114747328?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) This integration enhances Sui’s position as a key player in the world of Bitcoin DeFi (BTCFi). By combining the strengths of Bitcoin and Sui, this partnership helps unlock the potential for Bitcoin holders to transform idle assets into active, reward-generating pillars of the digital economy, thus creating new value within the ecosystem. ## **How the Babylon Bitcoin Staking Protocol Works** The Babylon Bitcoin staking protocol allows Bitcoin holders to stake their BTC without losing custody of their assets. Through this protocol, Bitcoin holders can participate in securing the Sui network, earning staking rewards in the process. The process offers a safe and simple way to contribute to the Sui ecosystem while maintaining full control over Bitcoin holdings. This integration with Babylon’s protocol enables Sui to tap into Bitcoin’s massive liquidity pool, allowing it to scale its infrastructure while strengthening its security model. Babylon’s protocol has already proven its ability to integrate with several consensus stacks, including the Cosmos CometBFT stack, OP stack, and the Arbitrum stack. Now, Sui’s unique Mysticeti consensus, which uses DAG-based parallelized block production, further highlights the modularity of Babylon's BTC staking capabilities across diverse proof-of-stake systems. ## **The Bigger Picture: Bitcoin’s Role in Decentralized Finance** Bitcoin has long been the cornerstone of the crypto world as the most secure and widely adopted asset. However, its traditional proof-of-work mechanism has limited its role in DeFi applications. With the Babylon protocol, Bitcoin now has the potential to play a more active role in DeFi by providing its security and liquidity to decentralized networks like Sui. Babylon Labs, known for developing the world’s first trustless and self-custodial Bitcoin staking protocol, has been instrumental in turning Bitcoin into an infrastructure layer for decentralized systems. Babylon's vision is to extend Bitcoin's utility, making it a foundational element for DeFi ecosystems and enabling more secure and sustainable interactions across blockchain networks. ## **A Look Ahead** As the Sui network integrates deeper into the Bitcoin ecosystem, the possibilities for Bitcoin’s role in decentralized finance expand. Bitcoin holders now have more options than ever to put their assets to work while ensuring they remain securely in control. For the broader blockchain space, this partnership sets the stage for a future where Bitcoin's security and liquidity can drive new forms of innovation, ultimately advancing the vision of a fully decentralized financial world. ### Wilder World Isn't a Game. It's THE Game. URL: https://www.triana.media/wilder-world-metaverse-the-game/ Last updated: 2025-04-21T15:34:38.000Z Since the mission to create Wilder World first reached a tangible form in 2021, the project, and its team, have been one of the most misunderstood on the planet. As it pertains to the team, the misunderstandings are consequences of a deeply thought-out strategy to maintain an aura of mystery and a shield of anonymity around the core team members. While there are very good reasons for this, it certainly, at least in the early days of the project, generated many questions regarding the legitimacy of the project, and rightfully so. During that time period—a crypto bull run that spectacularly collapsed—fraud was so prevalent in the industry that it was considered the norm. It still is, to a lesser degree (hopefully). A group of masked, anon Wilders on a mission to achieve the impossible were sure to raise some eyebrows. ![Wilder World](https://pbs.twimg.com/media/GBLMU39WAAARD4B?format=jpg&name=large) In those days, despite native utility token [$WILD](https://coinmarketcap.com/currencies/wilder-world/?ref=triana.media) pumping to nearly $7 and a $500 million market cap, hardly anyone in the Web3 industry talked about the project aside from the deeply integrated community. Now, Wilder World is one of the talks of the Web3 gaming town alongside renowned projects like [Parallel](https://parallel.life/?ref=triana.media) and [Illuvium](https://illuvium.io/?ref=triana.media), each in prime position to take full advantage of the new crypto bull market and launch their games after hunkering down in the bear market to focus on development and survive. But while, at least from my perspective, Web3 gaming fans have a solid core understanding of Parallel, Illuvium, and other games, they still, to be blunt, don't have a clue what Wilder World actually is. Let's talk about it. --- ## A Better Version of the Ready Player One Vision In teaching people about Wilder World over the years, I've always found the simplest way to get through to people is this: Wilder World is Ready Player One made possible through amazing new technology but an evil corporation doesn't own and control the virtual universe and its profits—the players do. # And I find RP1 to be a great starting point for Wilder World because The Oasis and the entire concept that the story provides is, up to this point, humanity's best attempt at envisioning, and depicting in film, the greatest video game that could ever exist. It's born from a question along the lines of: *if anything was possible, what would the best video game ever be? What would be THE game?* ![Wilder World Wiami](https://pbs.twimg.com/media/GIGcDI6bEAAvXD6?format=jpg&name=large) Wilder World's city of Wiami And it's exactly from that type of question that Wilder World is being born in front of us. A place where, eventually, assuming the best-case scenario works out, a person will be able to engage in any virtual experience imaginable. The Wilders aren't building Wilder World to be a game. They're building it to be THE game. The one that unites a global population of gamers for decades. The one that makes the vision of the metaverse a reality. The one that spawns a viable network state. The one that provides governance and infrastructure models for real-world governments to follow. The one in which movies are filmed, new virtual industries are born, people meet their spouses for the first time, millionaires are created through play, and so much more. ## Where We Stand Let's focus on today. Most people talking about Wilder World nowadays believe it's just a racing game. But the Wilders' efforts and communications demonstrate their commitment to building "The Simulation" powered by technology from Wilder World's sister company [Zero](https://twitter.com/zero%5F%5Ftech?ref=triana.media), which I believe will be the first company to successfully productize simulations (and eventually become one of the world's top companies). > ZERO provides a foundational protocol stack for building decentralized virtual societies. > > This stack encompasses a comprehensive array of components such as on-chain ownership, payment systems, governance structures, economic models, and gameplay mechanics. > > Additionally, ZERO… [pic.twitter.com/uDcer1Qn9O](https://t.co/uDcer1Qn9O?ref=triana.media) > > — 0://zero (@zero\_\_tech) [April 7, 2024](https://twitter.com/zero%5F%5Ftech/status/1776782182666613203?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) You can think of The Simulation as the Wilder Version of RP1's Oasis; if you've been paying close enough attention, you see the moves made to bring this vision to life. ### The Wilder Approach 2024 has been an incredible year for Wilder World, chock-full of major announcements and consistent upgrades as the team continues to push towards launching Wiami, the first city in Wilder World. Much has been revealed about how the team approaches the project's most important element: the gaming experience. Outside of racing, which they've [recruited racing gaming legends Aristotelis Vasilakos and Marcus Reynolds to lead](https://www.zine.live/wilder-world-welcomes-racing-gaming-legends-aristotelis-vasilakos-and-marcus-reynolds-to-the-team/?ref=triana.media), Wilder World is working on RPG and combat elements as well. ![Wilder World Gaming](https://pbs.twimg.com/media/GHcV_Y2aQAA2pNR?format=jpg&name=large) The thesis is simple. Grand Theft Auto is tremendously popular largely because it contains racing, combat, and RPG elements. But each is terrible compared to dedicated genre games; for example, GTA combat is nowhere close to Call of Duty. Wilder World is taking the approach of making the world's greatest racing game, the world's greatest RPG, and the world's greatest combat game, and putting them all in the largest virtual world ever. The key is that each game must be able to stand on its own and compete successfully in its genre. The target for Wilder World racing, for example, is being a better racing simulator than Formula 1, Assetto Corsa, and Forza. If successful in achieving these missions (and of course other elements fit in as needed), Wilder World will be the greatest game ever created. It will be THE game. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2024/04/MCX_MOD_02.jpg) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2024/04/QUAKE_ARENA_BLOCKOUT_08.jpg) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2024/04/GKCOwTQaMAAyJ1w.jpg) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2024/04/GLDQRHZWwAA4dhc.jpg) Wilder World FPS Notably, Wilder World has also recently partnered with Samsung, Epic Games, NVIDIA, Polygon & Celestia, and MetaGravity—all technical partnerships with purposes specific to making Wilder World a better experience, more scaleable, and better able to be distributed to the world. It's a refreshing approach in a Web3 industry that typically opts for flashy brand/IP partnerships that don't do much other than stir up hype. And it's the same approach the Wilders have taken since Day 1\. No BS, no noise. At the end of the day, if they succeed in building THE game, everything else will take care of itself. So focus on building it. ## Additional Thoughts about Wilder World, Zero, and the Metaverse 1. People have typically laughed at the Wilders for building resorts and spas within Wiami. They won't be laughing when they can plug their brains into the simulation and experience them as if they're real. 2. The potential for a virtual economy to scale, if integrated into a premiere simulation experience, is being vastly underestimated. 3. No team in Web3 iterates better and faster than Wilder World. 4. Wilder World's recent partnership announcements legitimize the project above and beyond any other Web3 game/metaverse project in the industry. 5. Wilder World, if they aren't already, will be better at creating content than any other team in the industry because, among a variety of other reasons, they built an internal trailer/film team instead of looking externally for support. This is a massive marketing edge that we're only just now starting to see the power of. 6. Wilder World is only the beginning. Once the second massive virtual experience onboards to ZSPACE (Zero's world-building software development kit), we have truly begun. 7. Most companies focus on one problem. They're AR, VR, AI, Web3 domains, etc. But they're all just fragments of a much larger puzzle. Zero, on the other hand, is seemingly working to solve most of Web3's grandest problems simultaneously while also being deeply integrated into the leading photorealistic metaverse platform. It's this competitive advantage that other tech companies won't be able to easily replicate. 8. We haven't seen a glimpse of Wilder World AR in years. I think we're in for a massive surprise. 9. The metaverse is—considering it will be the union of so many under-development cutting-edge technologies like blockchain, VR & AR, and AI—the most complicated and profound technical problem to solve in history. The eventual realization of the concept should be considered a miracle at worst, and an act of divine intervention at best. Its creators will be revered as heroes by humans and as gods by the sentient AI beings that come to inhabit the virtual multiverse of worlds that spawn as a result of their creation. --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- ### A Crypto CMO’s Odyssey: Haider Rafique’s Commitment to Transformative Marketing URL: https://www.triana.media/a-crypto-cmos-odyssey-haider-rafiques-commitment-to-transformative-marketing/ Last updated: 2026-01-14T22:03:42.000Z Haider Rafique is a long way from home. Born in Pakistan with an original plan to become a filmmaker, it’s truly a marvel how he ended up in his role as OKX’s globetrotting CMO despite stacked odds against him. This is how Haider rose to the top of crypto marketing and what it takes to get the job done daily. --- ## Bringing Brutality to Marketing Just as intriguing as Haider’s background is how chaotic his life has become since professionally joining the crypto industry in 2018—despite the unanimous consensus among friends and family that he was crazy. Now, as a father to two sons, his free time demands focus on family, which means efficiency and productivity at work are more paramount than ever. As the CMO of OKX, Haider says he’s managing 7-8 functions on any given day: - Brand marketing - Brand design - Brand activations (partnerships, events) - Product marketing across both centralized exchange and DeFi products - A go-to-market team for institutional business - A comms team consisting of PR, social media, email marketing, SEO, and more If you feel tired just from reading that list, you’re not alone. How does Haider do it? Because he’s rarely stationary, traveling internationally between conferences and OKX’s offices in San Jose, Singapore, and Hong Kong, Haider’s primary daily challenge is maintaining focus amid distractions attacking him from every angle. He says the daily key is brutal prioritization. > *“If you don’t have brutal prioritization, you end up finding yourself running around in every corner trying to have an impact… It’s not that hard for me to do it, it’s harder to maintain it and stay on that path… Ultimately that mental programming of making sure you know at any given time what your top 2-3 priorities are, and sticking to them, is the biggest challenge—not just for a CMO but any executive with a large team and a large scope.”* This doesn’t come easily. Every day is a fight, and sometimes, failure does occur. When Haider finds himself falling out of a rhythm over time, the first thing he does is work to clean up both his physical and virtual surroundings. It’s a move that vanquishes much of the built-up chaotic outside noise and sets him back on track to focused productivity. This pursuit of focus follows him everywhere, even at conferences where his attention, if not carefully guarded, can easily be pulled in a multitude of directions by those around him and hinder his performance as a speaker. Haider attends conferences to complete his mission and perform; it’s in his best interest to not drain himself through too much small talk. > *“What I try to do—when I’m on the road especially—is use an app like Calm and do some self-meditation and try not to participate in every single conversation—save my time as much as I can. Those tend to be my go-to ways of managing a high-stress environment.”* ## The Evolution of a Lifelong Storyteller Growing up, Haider had no desire to become a marketer. When he traveled to the United States to attend college, he was deadset on becoming a filmmaker. His father, an aeronautical engineer who frequently traveled between Saudi Arabia and Pakistan for work, was fearful Haider would become another person living on someone else’s couch in L.A.—he did not approve of the filmmaking idea. Respecting his father’s wishes, Haider switched majors to study journalism and advertising, as he was fascinated by how brands in the Western world could get millions of people behind their purpose through storytelling. Through this curiosity, Haider’s career path change ultimately led to his first job in New York City with BBDO New York, one of the top advertising agencies in the city. The job wasn’t easily earned. Haider was initially rejected from the company within five minutes of his interview's commencement. Only through six weeks of persistent follow-ups was he able to get his foot in the door with an unpaid internship—an effort that forever altered the course of his life. Persistence and efforts, Haider says, have been themes of his life. He's had to earn everything, consistently advocate for himself, and prove his worth time and time again. It’s not the instantaneous token moonshot rags-to-riches story that typically gets attached to successful crypto industry participants by outside observers and the media. Haider’s journey was full of trials overcome by an enduring commitment to growth and passion for his craft. A different job wasn’t the only thing that a change in collegiate major generated for Haider. It also further developed his passion for brand-connected experiences, which fuels him today in his role at [OKX, one of the world’s leading cryptocurrency exchanges](https://www.okx.com/?ref=triana.media). Haider’s path to OKX truly began when he lept into crypto professionally by joining Blockchain.info (which he rebranded to Blockchain.com) as their first head of growth. Before assuming that role, Haider had been in a “less stressful” Director of Product Marketing role, which he took on upon leaving Microsoft because he had a family member struggling with health issues at the time. Three years into that role, Haider says he woke up one morning and was struck by a desire to do something more fun and engaging. This spark ignited his journey into crypto. The expanding industry, particularly noticeable during the surge of new businesses and products in the 2017 bull market, had been steadily capturing his attention, convincing him of the industry's potential and prompting him to engage with it more seriously. Once officially in crypto as a professional, Haider quickly recognized the distinct nature of marketing within Web3 versus conventional sectors. To date, marketing frequently takes a backseat in the dev-centric industry. He notes that many companies still don’t believe it’s the right time to properly initiate marketing efforts. > *“There’s this resistance to marketing that comes naturally to technical co-founders, and the other point of view is that we’re not ready for prime-time until regulations are more clear. That has been the state of crypto marketing for a large part.”* On the other hand, Haider believes that the companies that have proceeded with marketing must rethink their communication strategies. He has witnessed an overwhelming majority of crypto ads released from 2021 onwards relate to a “revolution” theme, which is a mistake. > *“Of course, it’s about a revolution, but the revolution already happened back in 2017, so why are we still talking about that now? If we’re going to be a mature industry that competes with, or compliments TradFi, then we need to have a different strategy. As a result of that, at OKX we took a very different marketing strategy. If you look at some of our ad campaigns, it’s not anything to do with revolutions.”* Inherently, calling crypto a revolution infers that it hasn’t happened yet. Any company marketing in this way could lead its audience to assume that it’s still too early to participate in whatever product or idea is being promoted. Therein lies a core mistake of crypto marketing today. ## Beginning the OKX Era To Haider, crypto was, and still is, an experience for humanity that isn’t optimal for billions of people worldwide. Today, he carries out a mission to change that as OKX’s CMO. > *“I have a passion for creating, or helping create, products that are the ultimate experience for billions of people around the world. What attracted me to crypto was the fact that the experience wasn’t optimal for the 8 billion people in the world to really get behind it.”* Initially uncertain about accepting the job offer in 2020 because he was contemplating founding his own business, Haider found himself at a crossroads, needing to strongly consider his next move in the presence of external variables like the recent arrival of his newborn, among others. Ultimately, his ambition to witness the rise of leading companies from Asia, coupled with the timing around his growing family, proved to be a compelling mix that tipped the scales, leading Haider to embrace the opportunity. [Haider Rafique: OKX Chief Marketing OfficerHaider joins OKX as our new CMO at a time of hyper growth for our platform![](https://www.okx.com/cdn/assets/imgs/226/EB771F0EE8994DD5.png)OKXOKX![](https://www.okx.com/cdn/assets/plugins/contentful/4nqoo8goeymu/6vIq0NiV4pwUzv8lVSyITP/d5e5f318e664848b80951f66196b1efc/trade-academy-spot-3.png)](https://www.okx.com/learn/okx-new-cmo-haider-rafique?ref=triana.media) Initially, Haider saw OKX as an exchange with great engineering fundamentals that was hindered by a front-end unprepared for prime-time. Haider says situations like this complement his skillset and enable him to make the biggest positive impact. > *“As a marketer and storyteller, I tend to have the biggest impact when you have a great product-market fit, and it’s a great technical product, but you don’t have a compelling global identity or compelling design. That’s where I’ve proven to have a massive impact. I hope everyone’s able to see that with what we achieved with OKX these last several years.”* ## Driving OKX to the Next Level Today, after successfully navigating the crypto bear market, Haider is focused on leading his team to build trust back in the community and taking the OKX brand to new heights of global recognition. Initially, the team focused on getting people to recognize the OKX logo through brand partnerships; recently, the goal has been connecting the brand with real products to further enhance visibility. ![](https://assets.entrepreneur.com/images/misc/1668141196_HaiderMcLaren1.jpg?width=1000) Haider Landed OKX the Coveted Spot as McLaren Racing’s Official Primary Partner | Source: OKX Haider still sees massive growth potential for OKX, as there are two sides to the business: a centralized side resembling a traditional brokerage platform, and a Web3 side. For OKX, as well as other companies in the crypto industry, Haider sees the key to success as balancing Web3 tech with a well-created front-end that isn’t over-engineered. This will enable products and services to be built for the masses, not just the intimate crypto community currently in place. > *“The opportunity for the crypto industry is to build this amazing technology, but also really focus on the consumer experience. Learn. Don’t have an ego, and take time to learn from the traditional consumer companies! Because if we don’t do it well, and we don’t simplify those experiences and make the onboarding very seamless, by the time we’re done building these technologies, the TradFi consumer companies will come in, take our technology, and build a front-end that consumers are more accepting of—they’ll win the consumer game.”* As Haider continues to evolve OKX, he’s keeping in mind that the media buying landscape is changing rapidly in front of us. It’s a marketing trend he’s excited to continue taking advantage of, as he believes Web3 currently maintains an advantage over traditional consumer companies > *“The world is not buying into brands because they saw a banner ad on one of the websites. They’re buying brands, or they’re believing in brands and their purpose now if they’re part of a community.”* He feels that the traditional world is still stuck in its old ways of media buying. In contrast, the crypto industry is doing a much better job of building community and onboarding influencers on TikTok, Instagram, etc. that advocate for the brand and educate people about products in a much more engaging, personable way. Assuming the crypto industry continues to press its community-building advantage and delivers a front-end experience that is primed to adopt billions of people, Haider is confident that leading crypto companies will not only survive but thrive, setting a new standard for the intersection of technology and user experience in the digital age. ## Charting a Course for Financial Inclusivity Haider heads into the future guided by his desire to see crypto change the world for the better. He is skeptical about the transparency of our current financial system but also casts a doubtful eye on whether society is ready to embrace the radical transparency offered by blockchain technology. This transparency isn't just about shedding light on transactions; it's a larger question of whether companies and individuals are prepared for this level of openness. The implications are vast, with the potential to alter the very fabric of corporate confidentiality and personal privacy. What's at stake is not just information, but the dynamics of trust and discretion that currently underpin financial exchanges. Furthermore, Haider believes that cryptocurrencies and their underlying technologies have a democratizing effect on finance. By breaking down barriers to entry, crypto platforms could level the playing field, offering unprecedented access to financial tools and services. This could empower people traditionally marginalized by the financial establishment, offering them a stake in a system from which they have long felt excluded. The dilemma Haider presents is the balance between the benefits of openness and the risks of overexposure. While the democratization of finance through crypto is a noble goal, the world must grapple with the fundamental changes that such transparency demands. It's a transformative vision, but one that requires careful consideration of its implications for privacy, security, and the social contract of trust in the financial domain. One thing is certain: Haider and OKX will be at the forefront of the transformation. ### Why Asking Permission is Essential to Web3 URL: https://www.triana.media/why-asking-permission-is-essential-to-web3/ Last updated: 2024-02-12T19:54:29.000Z Web3 is poised to revolutionize the way we interact and transact online. One of its key principles is permissionlessness: the ability for anyone to participate in a network, app, protocol, etc. without seeking approval from a governing body. This stands in stark contrast to the current web, where access to certain services or platforms often requires permission from intermediaries. In the context of Web3, asking for permission implies the existence of a gatekeeper or authority figure, which is often seen as antithetical to the core ethos of Web3\. However, the question of permissionlessness can become more nuanced when considering certain applications or services that benefit from a “permissioned” approach. For instance, in the realm of advertising, tremendous benefits for brands and consumers alike are present when asking permission is the model, as opposed to permissionlessness. In this article, we’ll explore these benefits and why they exemplify the necessity of asking permission in the Web3 future. --- ## Asking Permission Shines Where Permissionless Systems Falter Asking permission is not antithetical to Web3, but rather a crucial step towards building a more responsible and user-centric ecosystem. There are several drawbacks that permissionless systems encounter, most importantly the hindrance of building strong brand-consumer relationships and lack of privacy. ![](https://s3.cointelegraph.com/storage/uploads/view/0612321063c8a977586236b184f09123.png) ### Permission Builds Relationships In any person-to-person relationship, asking permission is essential to setting boundaries from which healthy growth can occur—it works the same between brands and consumers. > "Asking permission is a fundamental aspect of social emotional learning. It builds social skills, fosters empathy, and promotes respectful communication. By actively listening, being aware of non-verbal cues, and establishing clear boundaries, we create a culture of respect and understanding in our relationships." - [Everyday Speech](https://everydayspeech.com/sel-implementation/the-importance-of-asking-permission-building-social-skills-and-respectful-communication/?ref=triana.media#:~:text=Asking%20permission%20is%20a%20fundamental,and%20understanding%20in%20our%20relationships.) In a permissionless system, relationship development between brands and consumers is lost. Without an asking permission mechanic, at no point is a consumer prompted to provide personal information to brands. As a result, Web3 companies that operate in these systems experience incredible difficulty with getting to know their audience and struggle to provide tailored value and messaging. Customer lifetime value (CLV), personalization, and relationship length all suffer. By implementing permissioned systems, brands are far easier able to acquire and leverage consumer insights to deliver sufficient value. At scale, these systems are essential to the growth of Web3 companies and the industry at large. ### Lack of Privacy Permissionless systems don't require users to provide personal information upfront for access, but all transactions in the system are transparent and accessible for anyone in the world to explore. While yes, deep crypto-natives hell-bent on absolute anonymity can maintain complete privacy through permissionless systems, but that's not a realistic existence for the overwhelming majority of people. For that majority, a trade-off exists: would consumers rather brands acquire some of their personal information once permission is granted, or enable all of their behaviors and data to be viewed by any individual or company? Through a permissioned system, consumers own their data privately and can provide access to companies for a better experience and rewards. In a permissionless system, the lack of a permission-based wall protecting data inherently means there's no choice when it comes to who accesses, and takes advantage of, their data. ## The Trend to Permissioned Systems If there's any true indication demonstrating the importance permissioned systems maintain in building the future of Web3, it's the direction digital advertising is already heading. ### The Death of Cookies All internet users are familiar with cookies. First-party cookies remain on-site to improve the user experience, remembering login info and custom page configurations, for example. Third-party cookies, on the other hand, follow users across the internet to gather consumer personal data and browsing activity so companies can better understand their target audience. Third-party cookies have been essential tools for marketers for years ([about 75% of marketers rely on them](https://www.statista.com/statistics/1376793/reliance-third-party-cookies/?ref=triana.media)), but starting in 2024, Google will begin to phase them out. With that transition, an opportunity for a new permission-based reality emerges, especially when considering it's what consumers want—privacy concerns were the driving force behind the decision to eliminate third-party cookies. ### California Signals Privacy is The Path Forward Home to Silicon Valley and companies like Apple and Meta, California is known globally as a technology innovation hub. Since 2018, with the passing of the [California Consumer Privacy Act (CCPA)](https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill%5Fid=201720180SB1121&ref=triana.media), the state has taken a firm stance on protecting consumer data. > "The bottom line is, there is no shortage of regulatory and legislative activity at either the state or the federal level surrounding privacy policy." - [Melissa Kelly](https://www.adp.com/spark/articles/2022/10/everything-you-need-to-know-about-the-california-privacy-rights-act.aspx?ref=triana.media#:~:text=The%20CPRA%20is%20a%20new,by%20a%20citizen%2Dinitiated%20measure.) In 2023, the [California Privacy Rights Act (CPRA)](https://lao.ca.gov/BallotAnalysis/Proposition?number=24&year=2020&ref=triana.media) was passed as an extension to the CCPA. Together, the two acts expand employer obligations related to collecting, storing, using, and sharing data belonging to employees and consumers. States like Virginia, Colorado, and Nevada have also adopted consumer-focused privacy laws. Assuming the trend continues, the internet will become a far more private space—one where consumer data is protected like never before and permissioned systems can thrive. ## From Open Access to Informed Consent The evolution of Web3 illuminates a critical discourse on the value of permission in an inherently permissionless landscape. While Web3 champions decentralization and open access, the domain of consumer data underscores the indispensable role of permission-based models. This approach is essential, not only for fostering robust brand-consumer relationships and maintaining consumer privacy, but also for navigating the impending post-cookie digital ecosystem. California's pioneering privacy legislation further cements the trend toward a future where consumer consent becomes a cornerstone of the digital experience. As Web3 continues to mature, the interplay between permissionless innovation and permissioned systems will shape a balanced digital environment that respects both user autonomy and the necessity of controlled access to personal data. --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- ### What are Blockchain Oracles? URL: https://www.triana.media/what-are-blockchain-oracles/ Last updated: 2026-01-21T20:05:42.000Z Blockchain technology has revolutionized various industries, including finance, global trade, insurance, gaming, and more. With the potential for trillions of dollars worth of assets moving on the chain, it has become crucial to connect blockchains to the real world. This is where blockchain oracles come into play. In this article, we will explore the concept of blockchain oracles, their significance in the creation of the verifiable web, and the various types of oracles used in different applications. ## Understanding Blockchain Oracles Blockchain oracles serve as intermediaries that connect blockchains to external systems, enabling smart contracts to execute based on real-world inputs and outputs. By bridging the gap between on-chain and off-chain data and compute, oracles facilitate the creation of hybrid smart contracts, which combine on-chain code with off-chain infrastructure. This allows decentralized applications (dApps) to react to real-world events and interoperate with traditional systems. ![Blockchain oracles bring inputs and outputs from the real world on-chain](https://assets-global.website-files.com/5f75fe1dce99248be5a892db/65672cc1d35b5ee20cdfd250_k5eK0BYEazoyssAp_SjmzvQ30GAPnyH6cCf8zvrKQGPkfp36HjYg-EP21x_H8EqKHLZC8Vzrr477MkSaQo6Ev6drkcGZUsojPSrTZ2GUL_Ga4RQCMYFKBXaEtoyeaMipWfTWA365VeRbImjdD0Scanw.png) Blockchain oracles bring inputs and outputs from the real world on-chain | Source: [Chainlink](https://chain.link/education/blockchain-oracles?ref=triana.media) ## The Oracle Problem and its Solution Smart contracts, by themselves, cannot interact with data and systems existing outside their native blockchain environment. This presents a fundamental limitation known as the "[oracle problem](https://chain.link/education-hub/oracle-problem?ref=triana.media)." To securely integrate off-chain systems with blockchains, an additional piece of infrastructure is required, which we call an "oracle." Oracles enable blockchains to access real-world data and events, expanding the possibilities for digital agreements supported by smart contracts. ### Decentralized Oracles: Ensuring Reliability and Security While centralized oracles introduce a single point of failure, decentralized oracles eliminate this risk by combining multiple independent oracle node operators and reliable data sources. This approach, known as a Decentralized Oracle Network (DON), establishes end-to-end decentralization, preventing data manipulation, inaccuracy, and downtime. Decentralized oracles are crucial for smart contract applications, as they provide reliable and secure data inputs, ensuring the correct execution of agreements. ## Types of Blockchain Oracles Blockchain oracles come in various types, each serving different purposes and addressing specific needs. Let's explore some of the most common types of oracles used in blockchain applications: ### Input Oracles: Fetching Real-World Data Input oracles fetch data from the real world and deliver it onto the blockchain for smart contract consumption. These oracles are essential for applications that require access to real-time data, such as price feeds for decentralized finance (DeFi) platforms. By providing on-chain access to financial market data, input oracles enable smart contracts to make informed decisions based on real-world information. ### Output Oracles: Triggering Actions in the Real World Output oracles allow smart contracts to send commands to off-chain systems, triggering them to execute specific actions. For example, an output oracle can inform a banking network to make a payment or instruct an IoT system to unlock a car door after an on-chain rental payment is made. By enabling smart contracts to interact with the real world, output oracles expand the functionality and use cases of blockchain applications. ### Cross-Chain Oracles: Enabling Interoperability Cross-chain oracles facilitate the exchange of information and assets between different blockchains. They enable interoperability by allowing data and assets to move seamlessly between blockchains. For example, cross-chain oracles can use data from one blockchain to trigger an action on another blockchain or bridge assets across different chains. This enhances the flexibility and scalability of blockchain technology. ### Compute-Enabled Oracles: Performing Complex Computations Compute-enabled oracles leverage secure off-chain computation to provide decentralized services that are impractical to perform on-chain. They enable smart contracts to execute complex computations, generate verifiable randomness, or trigger predefined events based on external conditions. Compute-enabled oracles enhance the capabilities of smart contract applications, enabling them to perform advanced functions efficiently. ## Ensuring Oracle Reputation and Reliability Choosing the right oracle service provider is crucial for the reliability and security of smart contract applications. Reputation frameworks provide transparency into the accuracy and reliability of each oracle network and individual oracle node operator. Users and developers can analyze the historical performance of oracles, assessing their track record and making informed decisions about which oracles to trust. Oracle service providers can build their reputation based on their historical performance and off-chain business reputation, offering users additional guarantees of reliability. Companies currently providing oracle services across the Web3 industry include: ### Chainlink [Chainlink](https://chain.link/?ref=triana.media) stands as a pioneering decentralized oracle network that forms a crucial link between smart contracts and real-world data. It grants secure access to external data sources and APIs, enabling developers to create dynamic and powerful applications. Chainlink's extensive offerings, such as data and price feeds and random number generators, are integral in various sectors including finance, gaming, and insurance. ### Switchboard [Switchboard](https://switchboard.xyz/?ref=triana.media) enhances Web3 development with a versatile array of data feeds, functionalities, and verifiable random sources. Its robust infrastructure allows developers to build scalable, event-driven applications with ease, bypassing the intricacies of server management. Widely trusted by top development teams, Switchboard plays a vital role in numerous protocols across different blockchains, solidifying its position in the Web3 landscape. ### Gora [Gora](https://www.gora.io/?ref=triana.media) utilizes Proof of Stake technology to fortify its blockchain oracle network. This approach enables seamless integration of real-world data with decentralized applications, offering a powerful tool for individuals and organizations. Gora's solutions ensure secure and efficient data transmission, supporting the evolution of innovative applications in various sectors. ### Flare [Flare](https://flare.network/?ref=triana.media) distinguishes itself as an EVM-compatible layer 1 blockchain with a focus on secure and consistent data accessibility. Its unique offerings, the Flare Time Series Oracle (FTSO) and the State Connector, allow developers to effortlessly integrate data from the real world and other blockchains into decentralized applications. Flare's combination of scalability, eco-friendliness, and a unique consensus mechanism marks it as an emerging platform for developing advanced dApps. ### Stork [Stork](https://www.stork.network/?ref=triana.media) is a key player in DeFi, offering high-speed, dependable real-time price feeds. It provides a broad selection of feeds, including tailored options and custom calculations, to support diverse applications. Its compatibility with multiple blockchains ensures smooth integration, particularly for applications operating across various chains. ## Real-World Use Cases for Blockchain Oracles Blockchain oracles enable the development of advanced decentralized applications across a wide range of industries. Let's explore some of the most prominent use cases: ### Decentralized Finance (DeFi) Decentralized finance (DeFi) relies heavily on oracles to access financial data for smart contracts. Price oracles, in particular, play a crucial role in determining borrowing capacity, checking collateralization levels, and facilitating asset value pegging in decentralized money markets and synthetic asset platforms. Price oracles ensure accurate and up-to-date financial information, enabling secure and efficient DeFi transactions. ### Dynamic NFTs and Gaming Oracles enable the creation of dynamic non-fungible tokens (NFTs) that can change based on external events. They provide the necessary data and computation to assign randomized traits to NFTs, create engaging gameplay experiences, and generate verifiable randomness for fair distribution of rewards. Oracles enhance the functionality and interactivity of NFTs, opening up new possibilities for gaming and digital art. ![Parallel Card Game](https://pbs.twimg.com/media/GFGdS7LWYAA--9p?format=jpg&name=large) Parallel: A Sci-Fi Card Game Powered by NFTs ### Insurance Insurance smart contracts rely on oracles to verify insurable events and process claims. Oracles provide access to various data sources, including physical sensors, web APIs, satellite imagery, and legal data, to determine the occurrence of insurable events accurately. Output oracles can also facilitate the payout process by triggering actions on other blockchains or traditional payment networks. ### Enterprise Solutions Cross-chain oracles offer enterprises a secure blockchain middleware, allowing them to connect their backend systems to any blockchain network. This enables seamless integration and data exchange between enterprise systems and blockchains. Enterprises can quickly join high-demand blockchains and provide smart contract services to their users without extensive development efforts. ### Sustainability Initiatives Oracles play a critical role in supporting sustainability initiatives by providing environmental data to smart contracts. By integrating sensor readings, satellite imagery, and advanced machine learning computation, oracles enable smart contracts to incentivize green practices, reward reforestation efforts, and promote conscious consumption. Oracles contribute to the development of blockchain-based solutions to address climate change and environmental challenges. ## The Pivotal Role of Blockchain Oracles in Bridging Digital and Real-World Domains Blockchain oracles serve as the bridge between blockchains and the real world, enabling smart contracts to access and interact with off-chain data and systems. Decentralized oracles ensure reliability, security, and transparency, eliminating single points of failure and manipulation risks. With different types of oracles available, blockchain applications can leverage real-world data, trigger actions, achieve interoperability, and perform complex computations. As blockchain technology continues to evolve, oracles will play a crucial role in expanding the capabilities and use cases of decentralized applications. ## Frequently Asked Questions **What are blockchain oracles?** Blockchain oracles are intermediaries that connect blockchains to external systems. They allow smart contracts to access real-world data, APIs, and off-chain computation so on-chain applications can respond to real-world events. **Why do blockchains need oracles?** Smart contracts cannot access data outside their native blockchain environment on their own. Oracles solve this “oracle problem” by securely bringing off-chain data and systems on-chain. **What is the oracle problem?** The oracle problem refers to the limitation that blockchains cannot directly interact with external data or systems. Without oracles, smart contracts would be restricted to on-chain information only. **What are decentralized oracles?** Decentralized oracles use multiple independent node operators and data sources instead of relying on a single provider. This reduces the risk of data manipulation, downtime, and single points of failure. **What are the main types of blockchain oracles?** The article outlines four main types: - **Input oracles** for bringing real-world data on-chain - **Output oracles** for triggering real-world actions - **Cross-chain oracles** for blockchain interoperability - **Compute-enabled oracles** for complex off-chain computation **What do input oracles do?** Input oracles fetch real-world data such as price feeds and deliver it to blockchains. This is especially important for DeFi applications that rely on accurate financial data. **What are output oracles used for?** Output oracles allow smart contracts to trigger actions in the real world, such as initiating payments or interacting with IoT systems after an on-chain event occurs. **How do cross-chain oracles enable interoperability?** Cross-chain oracles allow data and assets to move between different blockchains. They enable information from one chain to trigger actions on another. **What are compute-enabled oracles?** Compute-enabled oracles perform complex off-chain computations that are impractical to run on-chain. They can generate verifiable randomness, execute advanced calculations, and support more sophisticated smart contracts. **Why is oracle reputation important?** Reputation frameworks allow users and developers to evaluate the historical performance and reliability of oracle networks. This transparency helps ensure data accuracy and system security. **Which companies provide blockchain oracle services?** The article highlights several providers, including Chainlink, Switchboard, Gora, Flare, and Stork, each offering different oracle solutions across multiple blockchains. **How are blockchain oracles used in DeFi?** Oracles supply real-time financial data for DeFi applications, such as asset prices, collateral values, and market conditions. This enables secure lending, borrowing, and asset pegging. **How do oracles support NFTs and gaming?** Oracles provide external data and verifiable randomness, enabling dynamic NFTs, randomized traits, and interactive gaming experiences. **How are oracles used in insurance?** Insurance smart contracts use oracles to verify real-world events like weather conditions or legal outcomes. Oracles also help trigger claim payouts. **Can enterprises use blockchain oracles?** Yes. Cross-chain oracles allow enterprises to connect their backend systems to blockchain networks, enabling data exchange and smart contract services without extensive custom development. **How do oracles support sustainability initiatives?** Oracles bring environmental data such as sensor readings and satellite imagery on-chain. This allows smart contracts to incentivize green practices and climate-focused programs. --- **Disclaimer:** *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* ### What is Solana? URL: https://www.triana.media/what-is-solana/ Last updated: 2024-01-08T19:45:27.000Z ## Introduction Solana has emerged as a promising blockchain platform designed to host decentralized and scalable applications. Since its launch in 2020, Solana has gained significant popularity and has been hailed as an "Ethereum killer" due to its impressive transaction processing speed and lower fees. In this comprehensive guide, we will explore the key features, technology, and advantages of Solana, as well as its comparison to Ethereum. --- ## History of Solana Solana was founded in 2017 by Anatoly Yakovenko, a software developer with a background in distributed systems design. Yakovenko recognized the need for a reliable clock to simplify network synchronization and improve blockchain scalability. This led him to develop a mechanism called proof-of-history (PoH) that utilizes hashed timestamps to verify the occurrence of transactions. Unlike traditional blockchains like Bitcoin and Ethereum, Solana's PoH allows for significantly higher transaction throughput, reaching up to a theoretical peak capacity of 65,000 transactions per second, currently. The project gained traction in 2018 when Yakovenko recruited a team and rebranded it as Solana. By June of that year, the project had already achieved impressive results, supporting bursts of 250,000 transactions per second on its public test net. Today, Solana has processed over 253 billion transactions at an average cost of $0.00025 per transaction. ## Solana's Technology Solana's design revolves around addressing the performance bottlenecks commonly associated with blockchain software. By implementing a combination of proof-of-history (PoH) and delegated proof-of-stake (DPoS) consensus models, Solana achieves high scalability, security, and decentralization. ### Proof-of-History (PoH) Solana's PoH mechanism utilizes hashed timestamps to provide a trusted source of time for the entire network. This innovative approach ensures that every node in the network can rely on the recorded passage of time, enabling faster and more efficient transaction processing. Unlike traditional blockchains that rely on the local clocks of individual nodes, Solana's PoH adds a layer of security and eliminates the risk of inconsistent message timestamp choices. [Proof of History: How Solana brings time to cryptoGot the time? Solana does — and it’s part of the reason why it is the most performant blockchain.![](https://solana.com/favicon.ico)Solana![](https://cdn.builder.io/api/v1/image/assets%2Fce0c7323a97a4d91bd0baa7490ec9139%2Fa3b228ca7bb3414cb2928b2a6c263949)](https://solana.com/news/proof-of-history?ref=triana.media) Learn More ### Delegated Proof-of-Stake (DPoS) In addition to PoH, Solana incorporates a delegated proof-of-stake consensus model to further enhance its performance. DPoS allows validators to verify transactions based on the number of SOL tokens they hold as collateral. This approach eliminates the need for resource-intensive mining processes, resulting in faster and more energy-efficient transaction processing. ### Solana vs. Ethereum Solana and Ethereum are two prominent blockchain platforms with overlapping functionalities. Both platforms support smart contracts and utilize proof-of-stake consensus mechanisms. However, Solana distinguishes itself from Ethereum regarding transaction speed and cost. Solana's unique combination of PoH and DPoS enables it to process transactions at an impressive speed of over 2,700 transactions per second, with an average cost of $0.00025 per transaction. In contrast, Ethereum's transaction processing speed is limited to fewer than 15 transactions per second, with average transaction fees of around $2.62. ## Advantages of Solana Solana offers several advantages that make it a compelling choice for developers and users alike: ### Scalability Solana's high transaction throughput and low fees make it highly scalable compared to other blockchain platforms. Its innovative technology allows for the processing of a significantly higher number of transactions per second, making it suitable for applications that require fast and efficient transaction processing. ### Security The combination of PoH and DPoS in Solana ensures a high level of security for the network. The PoH mechanism provides a trusted source of time, eliminating inconsistencies in message timestamp choices. Additionally, the staking of SOL tokens in the DPoS model adds an extra layer of security, as validators are incentivized to act honestly to protect their collateral. ### Low Transaction Fees Solana's transaction fees are significantly lower than those of rival blockchains like Ethereum. With an average cost of $0.00025 per transaction, Solana offers a cost-effective solution for users and developers looking to build decentralized applications without incurring high fees. ### Versatility Solana's blockchain platform supports a wide range of applications, including decentralized finance (DeFi) and non-fungible tokens (NFTs). Its compatibility with Ethereum's smart contracts allows for easy integration with existing decentralized applications and opens up new possibilities for developers. ## How Does Solana Work? Solana's architecture combines PoH, DPoS, and other innovative technologies to create a high-performance blockchain platform. Here's a step-by-step breakdown of how Solana works: 1. **Proof-of-History (PoH)**: Solana's PoH mechanism generates hashed timestamps that serve as a trusted source of time for the network. These timestamps are used to order and verify the occurrence of transactions, ensuring consensus across all nodes. 2. **Transaction Validation**: Validators, holding SOL tokens as collateral, validate transactions and add them to the blockchain. This process is facilitated by Solana's DPoS consensus model, where validators are selected based on their stake. 3. **Block Production**: Validators collaborate in validator clusters to produce blocks. Each validator cluster selects a leader who proposes a block, which other cluster members then validate. This collaborative approach ensures decentralization and enhances the security of the network. 4. **Transaction Confirmation**: Once a block is validated, it is added to the blockchain and propagated to other nodes for confirmation. The PoH mechanism guarantees the integrity and chronological order of transactions. 5. **Smart Contract Execution**: Solana's blockchain supports smart contracts, which are self-executing contracts with predefined rules. Smart contracts are written in programming languages like Rust or C and can be deployed on the Solana network to automate various processes. 6. **Tokenization**: Solana has its own standard for tokenization called SPL Token, similar to Ethereum's ERC-20\. This allows developers to create and manage tokens on the Solana network, enabling various use cases such as tokenized assets, decentralized exchanges, and more. ## Investing in Solana As Solana continues to gain popularity and recognition, investing in SOL tokens may be an attractive opportunity for those interested in the blockchain ecosystem. SOL tokens can be traded on major cryptocurrency exchanges such as Coinbase and Kraken. Before investing in Solana or any other cryptocurrency, it is essential to conduct thorough research and consider speaking with a financial advisor. Cryptocurrencies are highly volatile and carry inherent risks. It is crucial to have a clear understanding of the market and your own risk tolerance before making any investment decisions. ## Looking Ahead with Solana Solana has emerged as a powerful blockchain platform, offering high scalability, low transaction fees, and enhanced security. Its combination of PoH and DPoS technologies enables it to process transactions at an impressive speed, making it a strong competitor to Ethereum. As Solana continues to evolve and expand its ecosystem, it presents exciting opportunities for developers and users in the world of decentralized applications and digital assets. --- # **Join Triana** ‌Enjoy the article? Make sure to subscribe to stay up to date on our latest stories. If this is your first Triana experience, head over to our [about page](https://www.triana.media/about/) to learn more about the content we publish every week. Follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) and [LinkedIn](https://www.linkedin.com/company/trianaofficial/?ref=triana.media) to become a part of our community and join in on the conversations! [About TrianaToday’s New World is Virtual. Triana will be the Leader of its Discovery.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/about-page-twitter-banner-1.png)](https://www.triana.media/about/) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- ### How to Buy Bitcoin URL: https://www.triana.media/how-to-buy-bitcoin/ Last updated: 2024-01-08T15:44:21.000Z ### Key Takeaways 1. **Selecting a Crypto Exchange**: To buy Bitcoin, choose a reputable cryptocurrency exchange, considering factors like user-friendliness, fees, and security; popular choices include [Coinbase](https://www.coinbase.com/?ref=triana.media), [Kraken](https://www.kraken.com/lp/journey?utm%5Fsource=google&utm%5Fmedium=cpc&utm%5Fcampaign=2023%5Fq2%5Fkraken%5Fus%5Fbrand-pro%5Facq%5Fper%5Fid:19867259957&utm%5Fcontent=150951684847&utm%5Fterm=kraken&gclid=Cj0KCQiAtOmsBhCnARIsAGPa5yY0Ub3JM4%5FV%5Fzw8V8Nzld0onRX8Njl0aCoCe41JjJicE0Yql23M9h4aAr3xEALw%5FwcB), and [Gemini](https://www.gemini.com/?ref=triana.media). 2. **Setting Up and Funding Your Account**: After selecting an exchange, set up an account by providing personal information and enabling two-factor authentication for security; fund your account using methods like bank transfers, debit, or credit cards. 3. **Storing Bitcoin Securely**: Post-purchase, it's crucial to store Bitcoin in a secure wallet, with options ranging from highly secure hardware wallets to more accessible software wallets. 4. **Payment Methods for Buying Bitcoin**: Bitcoin can be bought using various methods such as credit cards, bank transfers, or debit cards, each differing in speed and fee structures; prioritize safety and cost-effectiveness when choosing a method. --- Investing in Bitcoin can be an exciting and potentially lucrative venture. However, it's important to approach it with caution and understand the necessary steps to buy Bitcoin safely and securely. In this comprehensive guide, we will walk you through the process of buying Bitcoin, from choosing a reputable exchange to storing your digital assets. Whether you're a beginner or an experienced investor, this guide will provide you with the knowledge you need to navigate the world of Bitcoin investing. --- ## What is Bitcoin? Bitcoin, the first-ever cryptocurrency, was created in 2009 by an anonymous individual or group known as Satoshi Nakamoto. It operates as a decentralized digital currency, independent of banks and governments. Bitcoin's primary purpose was to facilitate peer-to-peer online transactions without the need for intermediaries like financial institutions. Today, Bitcoin has evolved into more than just a payment network. It is widely regarded as a store of value, often referred to as "digital gold," and represents a significant portion of the overall cryptocurrency market. ## Choosing a Crypto Exchange Before you can buy Bitcoin, you'll need to choose a reputable cryptocurrency exchange. There are numerous exchanges available, each with its own features, fees, and security measures. As a beginner, it's crucial to select an exchange that balances ease of use, low fees, and robust security. Some popular exchanges that offer a user-friendly experience and a wide range of cryptocurrencies include Coinbase, Kraken, and Gemini. These exchanges are regulated and comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring a higher level of security for your investments. ## Setting Up Your Account Once you've chosen an exchange, you'll need to create an account. This typically involves providing personal information, such as your name, email address, and sometimes a form of identification. KYC-compliant exchanges require this information to verify your identity and prevent fraudulent activity. It's essential to choose a strong, unique password for your exchange account and enable two-factor authentication (2FA) for added security. Two-factor authentication adds an extra layer of protection by requiring a verification code from your mobile device whenever you log in to your account. ## Funding Your Account Before you can buy Bitcoin, you'll need to fund your exchange account. Most exchanges offer various funding options, including bank transfers, debit cards, and sometimes credit cards. Bank transfers are typically the most cost-effective option, although they may take longer to process. Once your account is funded, you're ready to place your first order to buy Bitcoin. The process may vary slightly depending on the exchange you're using, but it generally involves selecting the amount of Bitcoin you want to purchase and confirming the transaction. ## Securely Storing Your Bitcoin After buying Bitcoin, it's crucial to store your digital assets securely. While exchanges offer built-in wallets, it's generally recommended to transfer your Bitcoin to a personal wallet for enhanced security. There are several types of wallets available, each with its own level of security and convenience. 1. **Hardware Wallets**: Hardware wallets, such as [Trezor](https://trezor.io/?gad%5Fsource=1&gclid=Cj0KCQiAtOmsBhCnARIsAGPa5yYadOrBCYTqzZ6f4UeMUtcS%5Fxxrtc7sXn7htTSM-V25Op9xUVCHP1oaAoHCEALw%5FwcB&ref=triana.media) and [Ledger](https://www.ledger.com/?ref=triana.media), provide the highest level of security. These physical devices store your private keys offline, protecting them from potential hacking attempts. Hardware wallets are typically considered the safest option for long-term storage of Bitcoin. 2. **Software Wallets**: Software wallets, aka "Soft Wallets," are applications that can be installed on your desktop or mobile device. They offer a convenient way to store and manage your Bitcoin, but they are susceptible to malware and hacking. It's crucial to choose a reputable wallet provider and enable security features like encryption and password protection. 3. **Paper Wallets**: A paper wallet is a physical copy of your Bitcoin's public and private keys. It's considered one of the most secure ways to store Bitcoin since it's not connected to the internet. However, it's important to keep your paper wallet in a safe and secure location to prevent loss or theft. ## Buying Bitcoin with Different Payment Methods Now that you understand the basics of buying and storing Bitcoin, let's explore different payment methods you can use to purchase Bitcoin. ### Buying Bitcoin with a Credit Card Purchasing Bitcoin with a credit card is a convenient option for many investors. It allows for instant transactions and provides a level of consumer protection. However, it's important to note that credit card purchases on cryptocurrency exchanges often come with higher fees and may be treated as cash advances, subject to higher interest rates. Some exchanges, such as Coinbase and eToro, allow you to link your PayPal account as a payment processor to buy Bitcoin. This method provides an additional layer of convenience, but it's essential to understand the limitations associated with using PayPal for Bitcoin transactions. ### Buying Bitcoin with a Bank Transfer Bank transfers, also known as wire transfers or ACH transfers, are a popular and cost-effective way to buy Bitcoin. This method involves transferring funds directly from your bank account to the exchange. While it may take longer to process compared to other payment methods, it generally offers lower fees. To buy Bitcoin with a bank transfer, you'll need to link your bank account to your exchange account. This process usually requires providing your bank account details and verifying ownership through a small deposit or by providing bank statements. ### Buying Bitcoin with Debit Card Using a debit card to buy Bitcoin offers a balance between convenience and lower fees. Debit card transactions are typically processed instantly, allowing you to buy Bitcoin quickly. However, it's important to check the fees associated with debit card purchases, as they may vary depending on the exchange and card issuer. ## Tips for Buying Bitcoin Safely While Bitcoin investing can be profitable, you must be aware of potential risks and take the necessary precautions to protect your investments. Here are some tips for buying Bitcoin safely: 1. **Choose a reputable exchange**: Stick to well-known, regulated exchanges with a proven track record of security and reliability. 2. **Enable two-factor authentication (2FA)**: Adding an extra layer of security to your exchange account can help prevent unauthorized access. 3. **Research and compare fees**: Different exchanges charge varying fees for buying and selling Bitcoin. Be sure to consider these fees when choosing an exchange. 4. **Keep your private keys secure**: If you choose to use a personal wallet, ensure you keep your private keys safe and never share them with anyone. 5. **Stay informed**: Stay up to date with the latest news and developments in the cryptocurrency market to make informed investment decisions. ## Mastering the Art of Bitcoin Investment Buying Bitcoin can be an exciting and potentially rewarding investment. By following the steps outlined in this guide and taking the necessary precautions, you can navigate the world of Bitcoin investing with confidence. Remember to choose a reputable exchange, secure your Bitcoin with a personal wallet, and stay informed about market trends and developments. --- # **Join Triana** ‌Enjoy the article? Make sure to subscribe to stay up to date on our latest stories. If this is your first Triana experience, head over to our [about page](https://www.triana.media/about/) to learn more about the content we publish every week. Follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) and [LinkedIn](https://www.linkedin.com/company/trianaofficial/?ref=triana.media) to become a part of our community and join in on the conversations! [About TrianaToday’s New World is Virtual. Triana will be the Leader of its Discovery.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/about-page-twitter-banner-1.png)](https://www.triana.media/about/) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- ### The Metaverse Endgame: 2024 Edition URL: https://www.triana.media/the-metaverse-endgame-2024-edition/ Last updated: 2025-04-21T15:34:47.000Z Back in September, 2021 when I wrote the [first edition of The Metaverse Endgame](https://hackernoon.com/the-metaverse-endgame-z2as37ri?ref=triana.media), my first-ever published article, I had no idea the article would catapult me into a full-time career in Web3 that has now spanned two years. In that time, I've done a ton. I've worked at [Wilder World](https://www.wilderworld.com/?ref=triana.media#/), [The Sandbox](https://www.sandbox.game/en/?ref=triana.media), [Zero](https://zero.tech/?ref=triana.media), [Cultivate](https://zero.tech/?ref=triana.media), [Blockworks](https://blockworks.co/?ref=triana.media), and more, gaining tremendous insider access to the teams dedicated to helping shape the metaverse future. My knowledge and perspective on the subject have evolved greatly since joining Web3 professionally, so much so that, upon rereading the first edition (which, given my growth as a writer, I now find hard to read), I decided to produce an updated version. This is my revised take on where all this Web3 stuff leads to. --- # 0-1 The metaverse isn't real, yet. Today, we sit at 0\. We have a kitchen table with puzzle pieces scattered across. We can reasonably see the end result but don't yet know how to put it all together. Various teams across the world are focusing on a mission that, whether they know it or not, is contributing to the construction of the metaverse. All projects dedicated to emerging technologies—blockchain, AI, AR/VR/MR, etc.—are pulling in the same direction. All roads ultimately lead to the metaverse where everything comes together and we reach 1. 1 presents an exciting, but daunting future. Here are some my predictions. ### Screen time under 10 hours a day becomes abnormal The metaverse will engrain technology further into the everyday life of humans, blurring the lines between our physical and virtual realities through the widespread usage of wearables like Apple Glasses. ![Apple Glasses Metaverse Wearable Tech](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2024/01/image--16-.png) We already live lives where our personal information generates trillions of dollars for large tech corporations. These next-gen wearables will bring us into a new reality where these corporations expand their influence further across all five senses, with sight being the most prominent. Whether an individual is doing laundry, shopping for groceries, lifting weights, or exploring Manhattan, a screen will be centimeters from their eyes, overlaying digital items (notifications, directions, video calls, ads) across their field of vision. For many, screen time will begin the moment they wake up and only end once it's time to sleep again. ### Everyone is getting the chip. Yes, THAT chip. We live in a hyper-competitive world. With companies like Elon Musk's Nueralink working to launch brain chips that "unlock human potential tomorrow," everyone in the world is going to be presented with two options once a viable product is widely available: 1. Get the chip and become an enhanced human being, capable of far more than ever before. 2. Fall drastically far behind everyone who gets the chip. Companies will hire chipped humans much more favorably (potentially leading to no-chip discriminatory legislation being enacted to protect unmodified humans) because they'll be able to produce a much higher output. Chipped business owners will lead their companies more successfully than unmodified owners. Athletes, gamers, and politicians will all get chipped to maintain their edge. With humanity chipped, the metaverse will take a giant leap forward... ### The virtual world will no longer feel virtual We're all plugging our brains into the metaverse. Chips will connect our senses to virtual worlds, experiences, and games. With the metaverse already visually fully photorealistic when we start plugging in, this will generate full-blown simulations that are indistinguishable from reality. It will truly become a Ready Player One existence. As you explore a virtual city, you'll feel the raindrops falling across your skin. You'll head to a virtual resort and taste the finest foods, smell the salty ocean air, and feel the sweat pouring out of your body in the sauna. Esports will skyrocket in popularity. Men will date AI-powered NPC women virtually. Users will upload memory files to relive later. The metaverse economy will grow ever closer to competing with the real-world global economy. ![Female Metaverse Avatar](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2024/01/image--15--1.png) The negative consequences that could arise from this are abundant. Simulations could hurt our ability to connect in the real world, lead to severe population decline, hurt the availability of physical resources and the upkeep of our cities and towns as the virtual world is increasingly prioritized, and even damage our ability to properly grieve lost loved ones or ended relationships. ### Remote work dominates I've been working remotely for the past two years and it is, without a doubt, superior to working in an office. I have full autonomy to manage my time, enabling me to work on several different projects simultaneously. I'm able to go to the gym whenever I want, take my dog for a walk as I please, and have full access to my own private office, home refrigerator, and bed (should I need a quick 20-minute nap to reboot the brain). No one is barging into my office to interrupt my work. I'm not wasting time with a commute to work. I can get chores like laundry done as I work. I could go on and on. Efficiency, freedom, and comfort are the primary themes. The main criticism I've seen people express towards remote work is that they lose the "human connection." The metaverse will remove that barrier, as people will be able to plug into a simulation and work in a virtual office that feels entirely real—they'll be shaking hands and attending holiday parties just like in real life. The impact this shift will have on the world will be profound, especially when it comes to our cities. Real estate (commercial and residential) in cities will decline greatly in value as people head to more comfortable suburban environments to live. Cities will evolve to be greener, brighter, more attractive spaces without the hustle and bustle that today's abundance of office space brings. ![Solarpunk City](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2024/01/image--22-.png) # The Builders The metaverse can't exist without the teams worldwide contributing to building it, most notably, the teams creating what I refer to as "Metaverse Platforms," which will rise to power by successfully creating, growing, and shepherding massive virtual ecosystems of worlds. The largest of these ecosystems will contain thousands of worlds, all connected in one persistent MMO experience run on blockchain technology. In the Ready Player One storyline, Gregarious Simulation Systems (GSS), the company that built the OASIS, is an example of what Metaverse Platforms could become. 💡 [Learn more about Metaverse Platforms](https://hackernoon.com/the-metaverse-is-not-real-yet?ref=triana.media) As I've dug deeper into the concept of Metaverse Platforms, I've come to realize that the metaverse endgame isn't about just creating a massive virtual world and releasing it for the masses. In actuality, the few Metaverse Platform companies that rise to the top will be primarily dedicated to the sale and maintenance of productized simulations that people connect to through their brains. Imagine you're Disney and the goal is to build an immersive virtual Star Wars universe featuring the planets, characters, vehicles, etc. from the movies. Disney will go to a Metaverse Platform company and purchase everything they need to produce that universe in a neatly packaged toolbox. Very quickly, they'll be able to launch playable experiences, a digital token that powers the ecosystem, a governance structure, and much more. ![Star Wars Disney Metaverse](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2024/01/image--24-.png) I expect that, by 2040, anyone looking at the list of the top 20 organizations in the world will see 3-4 dedicated to the sale and maintenance of such productized simulations. There are two related topics that I find particularly interesting... ### Testing Grounds With the arrival of simulations, humanity stands to gain tremendously. Although, yes, many will be used purely for entertainment, others will serve as proving grounds for new advancements. Using real players, AI-powered NPCs, or a mix, a simulation could test products before ever creating a physical version, evacuation routes for a city, the impact of various governmental legislation, military strategies, and so much more. ### AI Worlds It's already entirely feasible to have a virtual world filled with players transacting in cryptocurrency, but what if every character was a [sentient AI](https://builtin.com/artificial-intelligence/sentient-ai?ref=triana.media) that didn't know it was living in a simulation? This will very likely ultimately be feasible, and it will enable anyone to effectively play God as the simulation overlord and pull strings as they please. Assuming these worlds could be linked, we'd arrive at the point that humanity has created its own virtual multiverse filled with billions, even trillions, of sentient beings. ![Metaverse MMO worlds](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2024/01/image--25-.png) I've only just begun to mentally scratch the surface of what the consequences of this could be. It's scary. ## Embracing the Future The future of the metaverse goes beyond mere digital interaction; it envisages a new reality where the boundaries between the physical and virtual blur, reshaping human experience and societal norms. The advancements in AI, blockchain, and AR/VR/MR technologies are not just building blocks of this new world, but catalysts for a paradigm shift in everything from our daily routines to how we work, socialize, and even perceive reality itself. However, with these possibilities come significant ethical, social, and psychological challenges. The prospect of a world where screen time dominates every aspect of life, where brain chips enhance human capabilities, and where virtual realities are indistinguishable from the physical, raises questions about the impact on human connection, mental health, and the very essence of what it means to be human. ![Metaverse future ready player one](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2024/01/image--26-.png) As we embrace this brave new world, it becomes imperative to navigate these challenges with caution, ensuring that the metaverse enhances rather than diminishes the human experience. The success of the metaverse will depend not just on technological innovation, but on our ability to balance progress with the preservation of the core values that define us as a society. Maintaining an open, decentralized metaverse rather than one controlled by centralized corporations is absolutely paramount to achieving this success. ### Stablecoins: What They Are and Their Role in the Cryptocurrency Market URL: https://www.triana.media/stablecoins-role-cryptocurrency-market/ Last updated: 2023-12-19T21:28:38.000Z ### Key Takeaways - Stablecoins are cryptocurrencies designed to minimize price volatility. - They achieve stability by being pegged to a reserve of assets. - Common types of stablecoins include fiat-collateralized, crypto-collateralized, and algorithmic stablecoins. - Stablecoins play crucial roles in the crypto ecosystem, from facilitating trading to enabling decentralized finance (DeFi) applications. --- As the world of cryptocurrency evolves, one term that has grown increasingly popular is "stablecoin." While Bitcoin, Ethereum, and many altcoins experience significant price volatility, stablecoins stand out for their stability. In this comprehensive overview, we'll demystify stablecoins, explore how they maintain value, and discuss their diverse use cases in the burgeoning digital economy. --- ## What are Stablecoins? Stablecoins are a class of cryptocurrencies that aim to provide price stability by pegging their value to an underlying reserve or asset, such as the US dollar or gold. This pegging helps mitigate the extreme price volatility seen in cryptocurrencies like Bitcoin and Ethereum. ## How Do Stablecoins Maintain Their Value? The stability of stablecoins arises from the mechanism they employ to ensure their price remains consistent with the underlying asset. Three primary types of stablecoin mechanisms are prevalent: 1. **Fiat-Collateralized Stablecoins** These stablecoins are backed by a reserve of traditional fiat currencies, such as the US dollar or euro. For every stablecoin issued, there's an equivalent amount of fiat currency held in a bank or reserve. This backing provides a 1:1 peg. Popular examples include [Tether (USDT)](https://coinmarketcap.com/currencies/tether/?ref=triana.media) and [USD Coin (USDC)](https://coinmarketcap.com/currencies/usd-coin/?ref=triana.media). 1. **Crypto-Collateralized Stablecoins** Instead of being backed by fiat currency, these stablecoins are over-collateralized by other cryptocurrencies, like Ethereum. Smart contracts automatically adjust the collateral to ensure the stablecoin's value remains pegged. [Dai (DAI)](https://coinmarketcap.com/currencies/multi-collateral-dai/?ref=triana.media) is a notable example of a crypto-collateralized stablecoin. 1. **Algorithmic Stablecoins** These don't rely on collateral but use algorithms and smart contracts to automatically increase or decrease the supply of the coin, maintaining its value. Examples include [Frax (FRAX)](https://coinmarketcap.com/currencies/frax/?ref=triana.media) and [USDD (USDD)](https://coinmarketcap.com/currencies/usdd/?ref=triana.media). ## Stablecoins in Action: Use Cases The introduction of stablecoins has opened a plethora of opportunities in the cryptocurrency realm. Some notable use cases include: ### **Trading and Liquidity** Stablecoins act as a bridge between fiat and cryptocurrencies. They provide liquidity on crypto exchanges, especially those that don't offer fiat pairings. Traders often use stablecoins as a safe harbor during market volatility. ### **Decentralized Finance (DeFi)** Stablecoins have become integral to the DeFi ecosystem. They're used as collateral for loans, in yield farming, and as a medium of exchange in decentralized applications. ### Cross-Border Transactions Conducting cross-border transactions using traditional banks can be time-consuming and costly. Stablecoins simplify the process, offering faster and cheaper global transfers. ### Remittances Migrant workers can send money back home using stablecoins, avoiding high fees and long processing times typical of traditional remittance channels. ### Payment Systems As a stable medium of exchange, stablecoins are becoming popular for online purchases, bill payments, and other regular transactions, without the risk of price fluctuations. ### Smart Contracts and Dapps Stablecoins can be used in smart contracts and decentralized applications (dApps) to avoid the unpredictability of volatile crypto assets. ## The Pros and Cons of Stablecoins While stablecoins offer numerous advantages, they're not without their challenges: ### Advantages - **Stability -** As the name suggests, stablecoins offer a refuge during market volatility. - **Decentralization -** Many stablecoins operate on decentralized platforms, reducing the control of central authorities. - **Liquidity -** They provide essential liquidity in the crypto markets. - **Interoperability -** Stablecoins can be easily moved between different blockchain networks and platforms. ### Challenges - **Regulatory Concerns -** As stablecoins gain traction, they're drawing the attention of regulators worldwide, leading to potential compliance issues. - **Centralization Risks -** Fiat-collateralized stablecoins, which rely on banks or centralized reserves, introduce points of failure into the system. - **Collateral Management -** Crypto-collateralized stablecoins require efficient management of the underlying collateral, which can be challenging during extreme market movements. ## The Future of Stablecoins With the increasing adoption of cryptocurrencies, the role of stablecoins is set to expand worldwide. Their blend of stability, decentralization, and liquidity positions them as vital cogs in the broader cryptocurrency mechanism. As the crypto landscape matures, stablecoins might play a pivotal role in bridging the traditional financial systems with the novel world of blockchain. Stablecoins, with their unique proposition of stability in the volatile world of cryptocurrencies, are carving a niche for themselves. From facilitating trades to empowering the decentralized finance ecosystem, their impact is undeniable. As with all crypto assets, potential users should conduct their research and understand the intricacies before diving in. The future looks promising for stablecoins, as they continue to integrate and redefine the contours of modern finance. # **Join Triana** ‌Enjoy the article? Make sure to subscribe to stay up to date on our latest stories. If this is your first Triana experience, head over to our [about page](https://www.triana.media/about/) to learn more about the content we publish every week. Follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) and [LinkedIn](https://www.linkedin.com/company/trianaofficial/?ref=triana.media) to become a part of our community and join in on the conversations! [About TrianaToday’s New World is Virtual. Triana will be the Leader of its Discovery.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/about-page-twitter-banner-1.png)](https://www.triana.media/about/) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- ### Understanding the Concept of Ethereum Gas Fees URL: https://www.triana.media/understanding-the-concept-of-gas-fees-in-ethereum/ Last updated: 2023-12-20T12:51:56.000Z ### **Key Takeaways** - Gas fees are essential to the Ethereum network, ensuring the execution of smart contracts and transactions. - These fees are not constant and can fluctuate based on network demand. - Users have some flexibility in deciding how much they want to pay for gas, which can impact transaction speed. --- The world of Ethereum, while rich with possibilities, can often seem daunting to newcomers, especially when it comes to the topic of gas fees. These fees are integral to the Ethereum network but can sometimes be a source of confusion. In this article, we will demystify gas fees, explaining what they are, their importance, and how you can effectively manage them. --- ## What Are Gas Fees? In Ethereum, gas is a unit that measures the amount of computational effort required to execute operations, like making a transaction or running a smart contract. Gas fees, therefore, are the fees users pay to compensate for this computational work. They're the "fuel" that powers operations on the Ethereum network. ## Why the Term "Gas"? Think of gas fees as fuel in a rocket. Just as you need fuel to fly a certain distance, you need gas to execute operations on the Ethereum network. The more complex the operation, the more gas it requires. ![a blue and white robot with a light on its head](https://images.unsplash.com/photo-1639843906796-a2c47fc24330?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=M3wxMTc3M3wwfDF8c2VhcmNofDF8fGV0aGVyZXVtJTIwcm9ja2V0fGVufDB8fHx8MTcwMjY2NjgwMHww&ixlib=rb-4.0.3&q=80&w=2000) Photo by [Choong Deng Xiang](https://unsplash.com/@dengxiangs?ref=triana.media) / [Unsplash](https://unsplash.com/?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) ## Why Are Gas Fees Necessary? In order to understand how the Ethereum network operates efficiently and maintains its integrity, it is essential to delve into the core mechanisms linked to gas fees. **Resource Allocation** The Ethereum network consists of a collection of nodes (computers) that validate and record transactions. These nodes require computational power, and gas fees ensure that resources are allocated efficiently. Users must pay for the computations they want the network to perform. **Preventing Spam** By introducing a cost (in the form of gas fees), the network ensures that users don't overload the system with unnecessary or malicious tasks. Without these fees, bad actors could flood the network with meaningless transactions, causing it to slow down or even halt. **Prioritizing Transactions** Gas fees also act as an incentive system. Users who are willing to pay higher fees get their transactions processed faster, as they offer a greater reward to the validators. ## How Are Gas Fees Calculated? Gas fees are determined by two factors: **Gas Amount -** This depends on the operation’s complexity. Simple transfers require less gas than more complex smart contract interactions. **Gas Price** \- This is the amount of Ether (ETH) a user is willing to pay for each unit of gas. It's typically measured in Gwei, which is one billionth of an Ether. The total gas fee is calculated by multiplying the gas amount by the gas price. However, the network's congestion and demand can influence gas prices. ## How Can Users Manage Gas Fees Effectively? Navigating gas fees can be a frustrating process. Here are some tips that you can implement to ease the burden. **Adjusting Gas Price** Ethereum allows users to adjust the gas price they're willing to pay. If you're not in a hurry, you can opt for a lower gas price, but this might result in slower transaction times. Conversely, if you need a transaction processed quickly, you can increase the gas price. **Using Gas Trackers** There are various online tools and platforms, like [Etherscan](https://etherscan.io/gastracker?ref=triana.media) and [QuickNode](https://www.quicknode.com/gas-tracker/ethereum?ref=triana.media) that provide real-time data on gas prices. By monitoring these platforms, users can make informed decisions on when to initiate a transaction. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/12/image.png) QuickNode's Gas Tracker **Opt for Off-Peak Times** Just like traffic on a highway, the Ethereum network can be busier at certain times. By initiating transactions during off-peak times, users can often benefit from lower gas fees. **Consider Layer 2 Solutions** As Ethereum continues to evolve, so do its solutions for high gas fees. Layer 2 solutions, like Optimistic Rollups or zk-Rollups, are secondary layers built on top of the Ethereum mainnet. They bundle multiple transactions into a single one, effectively reducing gas fees and boosting scalability. ## A Look Towards Ethereum Improvements While gas fees can seem complex, understanding their purpose and mechanics offers users a clearer picture of Ethereum's intricate ecosystem. Gas fees play a crucial role in ensuring the smooth functioning of the Ethereum network, and with the ongoing developments in the Ethereum space, we can expect more user-friendly solutions and tools to emerge. Ethereum is battling high gas fees and limited scalability head-on. The network is actively pursuing several solutions, including: **Layer 2 scaling solutions** These separate blockchains process transactions off-chain, then report back to the main Ethereum blockchain, significantly increasing transaction throughput. Optimism, Arbitrum, and Polygon are leading examples. **Sharding** This divides the network into smaller segments called shards, allowing parallel processing of transactions and boosting capacity. **Ethereum Virtual Machine (EVM) improvements** Optimizing the code underlying Ethereum can make transactions more efficient and cheaper. --- # **Join Triana** ‌Enjoy the article? Make sure to subscribe to stay up to date on our latest stories. If this is your first Triana experience, head over to our [about page](https://www.triana.media/about/) to learn more about the content we publish every week. Follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) and [LinkedIn](https://www.linkedin.com/company/trianaofficial/?ref=triana.media) to become a part of our community and join in on the conversations! [About TrianaToday’s New World is Virtual. Triana will be the Leader of its Discovery.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/about-page-twitter-banner-1.png)](https://www.triana.media/about/) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- ### Exploring Metaverse Land: The Ultimate Guide URL: https://www.triana.media/exploring-metaverse-land-the-ultimate-guide/ Last updated: 2023-12-20T13:21:55.000Z ### **Key Takeaways** - Metaverse land refers to virtual real estate within digital realms, represented by NFTs, that can be bought, sold, and developed. Landowners can create unique experiences to participate in the growth of the virtual world. - Buying metaverse land offers digital scarcity, creative freedom, and revenue opportunities for owners. Like with any asset, there are risks such as market volatility, regulatory changes, and platform dependency. - To buy metaverse land, open a digital crypto wallet, buy the necessary cryptocurrency, select a metaverse platform, browse, and purchase. Popular platforms include Wilder World, The Sandbox, and Decentraland. --- In recent years, the concept of the metaverse has gained significant traction, generating interest from investors, developers, and tech enthusiasts alike. This comprehensive guide will dive into the fascinating world of metaverse land, including how to buy and manage it, the various platforms and possibilities, and the potential risks and rewards. --- ## **What is Metaverse Land?** Metaverse land refers to parcels of virtual real estate that exist within the digital realms of various metaverse platforms. These parcels, represented by non-fungible tokens (NFTs), can be bought, sold, and developed, much like traditional real estate. Landowners can create unique experiences, generate income, and participate in the growth of the virtual world. ![The Sandbox Land](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/11/image-1.png) Land in [The Sandbox](https://www.sandbox.game/en/map/?lat=12&lng=32&zoom=1&ref=triana.media) ## **Why Buy?** The virtual world has become an increasingly popular opportunity for several reasons: **Increased demand** As more people become interested in virtual worlds and their potential, the demand for metaverse land is expected to rise, potentially leading to increased value for early investors. **Digital scarcity** Similar to other NFT assets, metaverse land is scarce, with a limited number of parcels available on each platform, making it a potentially valuable asset for brands and individuals who want to build a strong presence in the metaverse. **Creative freedom** Owning metaverse land allows individuals and businesses to create unique experiences, ranging from virtual art galleries to immersive gaming environments. **Revenue opportunities** Landowners can generate income through various means, such as leasing their land, hosting events, or selling virtual goods and services. ## **Understanding the Risks of Metaverse Land** As with any asset, there are risks associated with purchasing. Some potential risks include: **Market volatility** The value of metaverse plots can be subject to significant fluctuations, influenced by factors such as platform popularity, technological advancements, and overall market sentiment. **Regulatory changes** Governments and regulatory bodies may introduce new policies or regulations that could impact the market or the use of cryptocurrencies. **Platform dependency** The value of your virtual real estate is tied to the success and stability of the platform on which it exists. If the platform experiences issues or becomes unpopular, your land could lose value. As with any asset class, it's crucial not to put more money in than you can afford to lose. ## **How to Buy** Buying metaverse land involves several steps, which we will outline below. ### **Open a Digital Crypto Wallet** To buy metaverse real estate, you'll need a digital wallet capable of holding cryptocurrencies and NFTs. Some popular wallet options include[ MetaMask](https://metamask.io/?ref=triana.media) and[ Binance Chain Wallet](https://www.binance.com/en/wallet-direct?ref=triana.media). Ensure that the wallet you choose supports the cryptocurrency used by your chosen metaverse platform. ### **Buy Cryptocurrency** Transactions typically require specific cryptocurrencies, such as Ether (ETH), Decentraland's MANA, or The Sandbox's SAND. You can purchase these cryptocurrencies on popular exchanges like[ Binance](https://www.binance.com/en?ref=triana.media),[ Coinbase](https://www.coinbase.com/?ref=triana.media), or[ KuCoin](https://www.kucoin.com/?ref=triana.media). ### **Select a Metaverse Platform** Several metaverse platforms offer virtual land for sale. Popular options include[ Decentraland](https://decentraland.org/?ref=triana.media),[ The Sandbox](https://www.sandbox.game/en/?ref=triana.media), and [Wilder World](https://www.wilderworld.com/?ref=triana.media#/). Research each platform to determine which one best suits your needs and goals related to owning land. ### **Browse and Purchase Virtual Real Estate** Once you have selected a platform, you can browse available parcels of land and view details such as location, size, and price. When you find a parcel you want to purchase, access the platform's marketplace or a third-party NFT platform like[ OpenSea](https://opensea.io/?ref=triana.media). Complete the transaction using your digital wallet, and once confirmed, your newly acquired parcel of land will appear in your wallet along with your NFT ownership proof. ## **Popular Metaverse Platforms for Buying Land** When looking to buy real estate in the virtual world, it's essential to choose the right platform. Here are some popular options: ### **The Sandbox** ![Play The Sandbox Metaverse](https://thevrsoldier.com/wp-content/uploads/2021/12/dungeon-the-sandbox-1024x576.jpg) [The Sandbox](https://www.sandbox.game/en/?ref=triana.media) is a popular virtual world built on the Ethereum blockchain. The platform allows users to create, own, and monetize digital assets and experiences on LAND that they own. LAND tokens, each an NFT on the Ethereum blockchain, represent parcels of digital land in The Sandbox. LAND can be combined into larger ESTATEs as long as they are adjacent. Alternatively, ESTATEs can be split into smaller LANDs. LANDs can be accessed through a[ virtual map on The Sandbox's official website](https://www.sandbox.game/en/map/?mode=buyLand&zoom=3&lng=5&ref=triana.media). The proximity of LANDs to large partners and other key positions will play a role in the gameplay, visitor counts, economy, and visibility of the games built on those LANDs. It will also be possible to rent LAND to game creators and collaborate with other creators or voxel artists to build a great experience on LAND. LAND in The Sandbox can be purchased during primary sales and on secondary markets, like[ OpenSea](https://opensea.io/collection/sandbox?ref=triana.media). ### **Wilder World** ![Wilder World City of Wiami](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/11/nwhw8firgtexjnhakrwo.jpeg) Wilder World is known for its photorealistic graphics and massive, immersive world set in the fantastical city of Wiami, a map built upon an initial topographical replica of Miami, Florida. Wiami land is not yet purchasable. Keep updated on the project's progress by following its [X account](https://twitter.com/WilderWorld?ref=triana.media). ### **Decentraland** ![Decentraland Land](https://blockworks-co.imgix.net/wp-content/uploads/2022/02/Decentraland.jpg) [Decentraland](https://decentraland.org/?ref=triana.media) is one of the most well-known metaverse platforms, with a vast, user-generated virtual world. Real estate in Decentraland is represented by LAND tokens, which are NFTs. Once a person owns Decentraland LAND, they can create anything they want on it, including games, applications, gambling services, and museums. ### **Somnium Space** ![Somnium Space Metaverse Land](https://somniumtimes.com/wp-content/uploads/2021/12/image-17-1024x565.png) [Somnium Space](https://somniumspace.com/?ref=triana.media) is a virtual reality world built on the Ethereum blockchain. Users can purchase, develop, and trade virtual land within the platform. Land in Somnium Space is represented by PARCEL tokens, which are NFTs. ### **Cryptovoxels** ![Cryptovoxels Metaverse Land](https://i2.wp.com/cornellsun.com/wp-content/uploads/2021/08/Screen-Shot-2021-08-12-at-11.51.33-PM.png?fit=1170%2C639&ssl=1) [Cryptovoxels](https://www.cryptovoxels.com/?ref=triana.media) is a virtual world built on the Ethereum blockchain, which allows users to buy, develop, and trade real estate. The platform uses a voxel-based building system, enabling users to create unique structures and experiences. To purchase parcels in Cryptovoxels, you'll need to use ETH. ## **How to Find Affordable Virtual Real Estate** Finding the cheapest metaverse parcels requires research and patience. Keep an eye on the various metaverse platforms and their marketplaces, as well as third-party NFT platforms like OpenSea. Monitor price trends and look for affordable parcels in less developed or less popular areas. Additionally, consider participating in auctions or exploring emerging metaverse platforms that may offer lower entry costs. ## **Location, Location, Location: The Importance of Prime Metaverse Real Estate** Just like in the physical world, the location of your metaverse territory can significantly impact its value and utility. Prime virtual real estate, such as parcels near popular landmarks or in high-traffic areas, can attract more visitors, leading to increased demand and potentially higher resale value. When purchasing metaverse real estate, consider proximity to popular attractions, accessibility, and the surrounding development to maximize your experience as a landowner. ![Wilder World Land](https://pbs.twimg.com/media/F-1OECAakAEfzFJ?format=jpg&name=4096x4096) Land in Wilder World ## **What Can You Do with Your Metaverse Land?** Owning metaverse real estate opens up a world of possibilities for participation in the metaverse at a deep level. Owners can: ### **Develop and Customize** You can build and customize your virtual space, creating unique experiences such as art galleries, gaming environments, or social hubs. ### **Generate Revenue Streams** Metaverse landowners can monetize their virtual property through leasing, hosting events, or selling virtual goods and services. ### **Participate in the Metaverse Community** Owning metaverse land allows you to take part in the growth and development of the virtual world, engaging with other users, developers, and investors. ## **Turning Our Sights to What’s Next** The future of metaverse land and virtual real estate is uncertain but full of potential. As technology continues to advance and more people become interested in the metaverse, the demand for virtual land is likely to increase. However, potential regulatory changes, market volatility, and competition from new metaverse platforms could impact the value and growth of virtual real estate. Metaverse land offers a unique opportunity for those interested in virtual worlds and digital assets. By understanding the various platforms, utilities, risks, and rewards, you can decide whether purchasing metaverse land is right for you. As the metaverse continues to evolve, early holders may find themselves well-positioned to capitalize on the growth of this exciting new frontier. --- # **Join Triana** ‌Enjoy the article? Make sure to subscribe to stay up to date on our latest stories. If this is your first Triana experience, head over to our [about page](https://www.triana.media/about/) to learn more about the content we publish every week. Follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) and [LinkedIn](https://www.linkedin.com/company/trianaofficial/?ref=triana.media) to become a part of our community and join in on the conversations! [About TrianaToday’s New World is Virtual. Triana will be the Leader of its Discovery.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/about-page-twitter-banner-1.png)](https://www.triana.media/about/) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- ### Elli De Gouveia is revolutionizing loyalty rewards with blockchain URL: https://www.triana.media/elli-de-gouveia-profile/ Last updated: 2025-04-10T21:55:02.000Z This isn’t your conventional 2023 tech founder story. There’s no starting the day with 10 minutes of affirmations in the mirror, completing a breathing exercise, or whatever other lame “keys to success” being pushed by gurus to the masses via TikTok nowadays. You won’t read about a history of running Facebook ads or making a quick million through dropshipping either. Instead, you’ll read about a wild morning routine that revolves around two unhinged French Bulldogs, receiving a $100,000 marble driveway contract without a clue how to build one, getting busted by Universal Studios, and much more. [Episode 1: Elli De GouveiaAn overview of Elli De Gouveia’s entrepreneurial journey and how he’s working to change the world through Anybodies, his SAAS company disrupting loyalty rewards with blockchain technology.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaBart Hillerich![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/11/Episode-1-Thumbnail-2.png)](https://www.triana.media/episode-1/) Watch the full interview on YouTube While unconventional in his own ways, at his core, Elli De Gouveia is an old-school entrepreneur—the kind that actually builds things of value and started hustling in middle school. He’s exactly what Web3 needs today. --- ## 12pm in South Africa Elli’s mission each day is to squeeze the most value out of every minute. He structures his week purposefully to ensure that he doesn’t get bogged down by meetings—one of his primary keys to success. Mondays and Tuesdays are meeting days, with each meeting being either 15 or 30 minutes, and the rest of the week is all about getting real work done. > “If you can’t tell me what you need in 15 minutes, I don’t know what to tell man, that’s a long time. Time is the most valuable thing. That was the craziest moment for me, realizing that I can accomplish the same amount of stuff in half the time by just cutting a meeting in half. It doesn’t change anything, you’re just more productive.” I consider myself very lucky to have been generously given 60 minutes of his time. When I sat down virtually with Elli, it was mid-day in South Africa (where he currently resides), meaning his morning routine was already conquered. Elli starts each day at 8:00 am with the victory that comes with making his bed. He then showers, grabs a coffee, and drives his two French Bulldogs to daycare so they don’t eat the interior skirting boards in his home—seriously, this is a very real problem he handles daily. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/10/photo_2023-10-28_13-50-09.jpg) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/10/photo_2023-10-28_13-50-19.jpg) On October 4th, 2023, the day I sat down virtually with Elli, it was clear he had already been quite busy since dropping the dogs off. Although his main priority has been raising capital for [Anybodies](https://anybodies.com/?ref=triana.media)—his Web3 technology company born from an NFT project launched in 2021—Elli is a successful entrepreneur running multiple companies across different disciplines and needs to manage those responsibilities as well. His portfolio of companies includes a 600-employee retail company on track to be at $400 million in ARR (annual recurring revenue) by next year, as well as a software company that services the energy industry and currently generates $250 million in ARR. By the time our conversation started, Elli had met with his energy business’s team to strategize their next move to capitalize on the South African movement seeing gas stations [evolve into destinations unimaginable in the United States](https://www.merchantcapital.co.za/in-the-news/the-future-of-the-fuel-industry-in-south-africa?ref=triana.media), met with the Anybodies graphic design team to work on pitch decks, and attended an investor’s meeting to pitch Anybodies. > *“Web3 is tricky because you have to explain to a bunch of corporate people why they need to care about what you’re doing. That’s pretty hard to articulate when they have no context.”* Some people may be quick to judge and assume that being a serial entrepreneur would limit Elli’s ability to build Anybodies, but the contrary couldn’t be more true. In fact, Elli hasn’t taken a single dollar for himself from Anybodies. He earns a living from his other businesses and puts every extra resource he can into achieving his goal of turning Anybodies into a billion-dollar company. With Anybodies not paying for a CEO, the team has been able to allocate that capital elsewhere. None of this would be possible if Elli was singularly focused as a founder. # In October and November, his time on Anybodies has been laser-focused on raising capital for the business—an incredibly difficult mission given the current funding environment that sees VCs tighter with capital for Web3 ventures than ever. ![](https://lh6.googleusercontent.com/ABhDGRMBnnFQeUC27yLfz-zEaZWFn_ZJ4M9A6F78AGBUxjG6bIIt3SsxosNNqwokIGWwF4NoGUMrMu2I1WtuBnqEdBquDuE_auJbXZF7oJ5UGyc9TMqcOFt2PF94fiHf8tZ3qZ6X1VGEmOaMyEwSfpY) Source: [Michael Rinko](https://x.com/mrink0/status/1712209220928495663?s=46&t=alUKhQZkYzbebwg%5FQLMWSQ &ref=triana.media) Despite the uphill battle, Elli says the fundraising trail is going well. To me, it’s no surprise. What the Anybodies team is building is incredibly valuable to Web3 and has the potential to profoundly influence the future of the Solana blockchain. Elli and I discussed why it matters. ## Making blockchain beautiful Anybodies is one of the rare companies to come out of the massive 2021 NFT boom that actually stands to make a lasting impact on the future of Web3\. In a nutshell, Anybodies transforms today’s incredibly boring brand rewards programs (buy five coffees, get a sixth free) into a compelling, tailored experience for each customer through the implementation of blockchain technology. Picture ordering Starbucks through Uber Eats and still being able to earn loyalty rewards points; that’s just one small example of how Anybodies changes the game. > Meet the new Anybodies Platform [pic.twitter.com/DkY78uufbF](https://t.co/DkY78uufbF?ref=triana.media) > > — ANYBODIES (@AnybodiesNFT) [April 21, 2023](https://twitter.com/AnybodiesNFT/status/1649488174421364743?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Now officially partnered with The Solana Foundation (TSF), Anybodies has a pivotal role to play in the Solana ecosystem. Elli tells me that TSF receives an abundance of interest from brands interested in how they could potentially use Solana; moving forward, TSF will now funnel those inquiries to Anybodies—that’s how powerful the platform Elli’s team has been built is. > “They were ultimately looking for a biz-dev partner that can take these brands and amazing companies and help them come into Web3, but in a way that actually makes sense—not just drop a 100,000 collection or a 5,000 collection of random jpegs. It needs to actually serve a real purpose in their business.” By bringing blockchain into the real world and stripping away all of the clunky components that create friction for non-crypto natives, Elli's team has created something that makes blockchain beautiful. It works smoothly for anyone, fills a real need for companies, provides new experiences for users, and feels familiar. However, this wasn’t always the Anybodies vision. Originally, the team was focused on a related, but significantly different path. ## From Web3 Balenciaga to billion-dollar SAAS potential When Anybodies launched in late 2021, it came to market as a fashion brand aiming to bring clothing into the digital space in a meaningful way through digital-physical linked products. At the time, NFT projects were consistently selling out in seconds. Anybodies did not. The launch took a grueling 16 days to complete, and along the way, the NFT supply was cut from 10,000 to only 3,000; in tandem, the cost per NFT dropped from $200 to $40\. Despite the rough start, it didn’t take long for Anybodies to achieve some early wins. > “Within the \[AR\] filters that we made, we purposefully made them on Instagram so we could track the amount of impressions they \[the hoodies\] generated for both our brand and DeGods’ brand… The amount of impressions made just on unboxing was crazy. It was over 100,000 on just 200 units.” They collaborated with Nike South Africa to release a limited collection of 65 digital-physical linked custom Anybodies Air Force 1 sneakers. They followed that launch with a DeGods hoodie, and then worked with Tay Keith, one of the most accomplished music producers in the world—Elli says it was during this drop that the big aha moment occurred which changed everything. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/10/anybodies-shoes-1.jpeg) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/10/9d808e1e-0c77-4275-a470-5ea39d465eb4-1.gif) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/10/anybodies-leak-1.jpeg) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/10/toys-r-us-nft.png) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/10/tay-keith-test.jpeg) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/10/Anybodies-character-1.png) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/10/anybodies-pokemon-1.PNG) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/10/Anybody--320-1.jpeg) The drop was centered around a sweater with an NFC chip embedded in the fabric—the first time the Anybodies team had integrated the technology into a wearable product. The chip serves as a path to rewards; for example, if someone is at a Tay Keith concert and scans the chip, they could redeem backstage passes for their loyalty. That’s a pretty sweet sweater if you ask me. Elli says this utility (which expands far beyond concert passes) is what resonated with the Web3 audience. The launch sold out in a minute and it was the first time an Anybodies drop truly performed well on secondary markets post-launch. This was the first time that people really cared about the secondary market. The hoodie did $150k in secondary sales on the first day alone and ultimately did $400k in secondary sales in the first two weeks. For Tay Kieth, that yielded an extra $17 net per hoodie (1,000 total units). That’s absolutely unheard of. > “You can now start making prices more consumer-friendly and make it up through your digital side. Most people don’t make $17 net on a hoodie in any case. That’s a crazy number.” After the successful launch, Elli says he and the team debriefed for three weeks to try and figure out why people cared so much about the drop. They realized it was all about the experience. In his words, “All roads led to loyalty and membership on-chain.” From that epiphany, the entire ethos of Anybodies changed and they began a new trajectory, one that would lead them to eventually launch the Anybodies Platform. To get up to speed on the platform and learn why it is such a game changer, check out our article below: [Anybodies Now Primed to Onboard Millions To SolanaThe launch of the Anybodies Platform is a historic moment for all of web3, one that will bring millions to Solana.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaBart Hillerich![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/05/Anybodies-x-Triana-Final-5.png)](https://www.triana.media/anybodies-platform/) That brings us to the present day. Elli is hot on the fundraising trail, and the Anybodies team continues to work toward making the platform a global powerhouse. After coming so far and being lightyears away from his humble beginnings, I wonder what a young Elli would think of his life and the journey it took to reach today. ## The cigarette thief turned driveway prodigy Elli has had entrepreneurship flowing through his veins since childhood, but he does not come from a long lineage of entrepreneurs. It was only once Elli’s grandfather started his own mealie meal business that entrepreneurship was first introduced into the family tree. Elli tells me that his earliest memory of hustling was when he was eight years old. His grandmother was a chain smoker who would buy cigarettes in bulk cartons. Elli saw them as an opportunity. A loving but mischievous grandson, he began stealing cigarettes to sell to his brother’s older high school friends at school. Elli remembers the time fondly he would use the profits to buy his friends sandwiches and snacks at lunch. This made Elli the man—until he was inevitably caught. Once in high school himself, Elli fell in love with watches. Eager to capitalize on his passion, he approached a luxury watch dealer in the area and offered to help with sales in exchange for a commission. The dealer accepted. Through this venture, Elli encountered wealth for the first time—$10,000 sales were mind-boggling. With a proven drive for success and these early ventures under his belt, one would think that collegiate business school was the perfect next step for Elli. It didn’t go as planned, but not for the reason you would expect. # Elli was a good student. He was attentive in class, soaking in every word his professors taught to acquire as much value as he could from the lessons. But then Elli started asking questions, mainly: *How do I really know this textbook information, like the three P’s of marketing, works in the real world?* His professors told him that the information was solid and to trust the materials. Elli couldn’t. He needed to see how things worked for himself. Construction seemed like a low-hanging fruit, so Elli registered his first business and headed to a local hardware store to get started. In South Africa, Elli says, it’s common for workers to stand outside of these stores holding signs in hopes of finding work. Elli approached them, notebook in hand, seeking advice that would aid him in building walls. Three people gave him solid advice, so Elli decided to hire them. With a team assembled and the knowledge needed to build walls acquired, Elli began implementing what his school taught him about marketing. Three months in, Elli had no customers. He returned to his professors with a bone to pick. > “I didn’t get any customers. And I was like ‘Dude I’m trying these damn P’s and they’re not working. What am I doing wrong?’ And he couldn’t answer me.” Fed up with wasting time learning material that he could now provably say had no value, Elli decided to drop out of college. His mother was rightfully pissed. Like any good parent would, she cut off Elli's spending money. From her perspective, if he wanted to give up the blessing of college and pursue his own path, then it would truly need to be his own path. Every rand he spent would be a rand he earned. She meant business, but so did Elli. He says it’s the best thing she ever did for him. Formally on his own, he continued his construction path by placing ads in the local newspapers for a bespoke, $100,000 driveway with “arrogant” copy describing Elli’s team as the best in the business—no doubt about it. Elli’s logic was simple: the old people who read newspapers are wealthy, so why not directly target the money? Three months later, Elli received a call that would change his life: a wealthy banker in the area had seen Elli’s ad in the paper, and she wanted a new driveway. This was fantastic news, but Elli now had a huge problem on his hands: he had no clue how to actually build the driveway that he was selling. Relying on the guidance and labor of the three people he had originally hired to help him build walls, Elli got straight to work, even sourcing marble from Italy for the driveway. The end result of the mad scramble to complete the driveway was nothing short of spectacular. It was featured in an architectural magazine that caught the eye of [Nando's](https://www.nandosperiperi.com/?ref=triana.media), a fast-food restaurant that remains one of the most successful companies to emerge from South Africa. It couldn’t have been better timing. The company was just starting to get into drive-throughs at its locations and offered Elli the contract to install one at its flagship location. Successfully completing that initial job turned into additional contracts, which enabled Elli to continue scaling up his business. Amid his success in construction, Elli sold the business at 19 years old, making his first big chunk of nice money. Then it was time to celebrate. Elli headed straight to Israel to party with his cousin, a talented self-taught developer. Little did he know that this would plunge him straight into his next venture. Elli and his cousin woke up one morning hungover. The night before, Elli recalls spending over $1,000 just trying to find a great party. In the morning fog, the duo began to ponder a question: *Why isn’t there a way to find a good party?* This question quickly birthed “Intelligence,” a new app that users could use to view livestreams from within parties and get other key details like the guy-girl ratio. The app was a hit, and it wasn’t before long that Elli was working on raising capital for the company. At the same time, they were making improvements to the app and notably added sound so that people could hear whatever music was playing in the club as they pre-gamed and took a ride over to the location. For six months, live audio was streamed to Intelligence users. Then Elli got a knock on his door from a Universal Studios rep who explained that Intelligence owed the company significant financial retribution for distributing music to its users. Without any way to pay Universal Studios, Elli was instructed to shut Intelligence down. The company was finished. > “That was my first very big loss. So now I made all the money from the first sale, lost all that shit in the second startup… That was my first riches back to rags. I got humbled but it was a great lesson. There’s lessons in all these things. You’ll never meet a successful person that hasn’t failed.” After the collapse of Intelligence, Elli would go on to found several other companies, including the two aforementioned ventures that combine to about $650 million in ARR today. He also came to work with TikTok on building out their live-streaming services to compete with Twitch. For the first year of COVID, he essentially put himself in the shoes of a content creator so that he could better understand their struggles and then create a great solution. Yes, this means he played Call of Duty and posted recorded gameplay for a living. Elli says it was a fun time. During this period, Elli discovered NFTs by watching videos of Gary Vee talking about them online. The rest is history. ## The path to #1 When asked what the Anybodies team does better than any other in Web3, Elli mentioned how consistently the team delivers and how it has been able to do so much with so few resources. > “Everything that we promise, we actually do. And we always take a lot less than we need to keep ourselves hungry. Our total NFT mint raise was $300,000, and we’re still going.” I 100% agree. I’ve been a holder of Anybodies since early 2022, produced content covering the project, and have researched the project as much as anyone else. For what feels like an eternity at this point, my main question has been: why isn’t Anybodies the #1 project on Solana, and what’s it going to take for it to reach that pinnacle? In my opinion, from every fundamental perspective one could look at it, the project should be. I asked Elli, and he told me this is a solvable problem they’re attacking from three primary angles: art, community value, and the STYLE token. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/11/image.png) Anybodies price history | Source: [Tensor](https://www.tensor.trade/trade/anybodies?ref=triana.media) ### Art Elli cites art as the number one issue with the project today. When the Anybodies NFT floor rocketed up to a 50 SOL price between August and November of 2022, Elli received many DMs confirming this. > “I got so many DMs from people being like ‘Dude we love what you’re doing, but there’s no way I’m buying this NFT purely based on looks. I don’t care what it does. It could make me $1 million next year. I will not buy it because it’s a girl with a beard and something weird.’ I was like damn, that’s crazy dude. It’s just a token at the end of the day. Leave it in your wallet, don’t look at it.” The Anybodies art was originally intended to send a message centered around making blockchain accessible to everyone and the notion that people can be anybody they want to be online in this new Web3 era. The art backfired, and people assumed the project was all about the “woke” movement that has swept across the United States. In hindsight, Elli recognizes that he underestimated the importance of art in Web3\. Today, the team is working on new art that they believe will be some of the best in the industry and serve as a key catalyst for growth moving forward. > “We’ve got a really big team working on the art right now. I’m excited to release it. I think it’s top-tier—definitely some of the best art on the blockchain, let alone SOL.” ### Community & STYLE Also key to growth are holder benefits. Moving forward, this will include free access to all of the enterprise software tools that companies will be paying Anybodies for. Anybodies NFTs can currently be bought for less than $150; in the future, I reckon their value as a software access token alone will establish a minimum floor price tied to real-world value (at least to some degree), which for some enterprise software tools can be upwards of $100,000 a year. Only 3,000 NFTs exist. Elli sees this as a way for holders to elevate themselves as entrepreneurs. Using the tools provided, they’ll be able to experiment with building products and brands at the cutting edge of tech. He also sees the [STYLE token](https://coinmarketcap.com/currencies/style/?ref=triana.media) as a vital piece of the puzzle for Anybodies moving forward, saying its price discovery will drive the collection to number one. > “STYLE’s biggest advantage on all other ‘shitcoins’ is that every time a customer comes on and wants to put their loyalty points on-chain, they have to bring fresh dollars into that ecosystem in order to do this… That is sustainable now. That’s not just Ponzinomics where it’s all the same money staying in the same place. This is new dollars, new customers, new use case, new product, all powered by this.” --- ## The adults are entering the room As Web3 remains an emerging, immature industry, whether it’s crypto, mixed reality, AI, etc. there are going to be companies formed that are led by founders who shouldn’t lead. And people will lose their money investing in them. Participants in the crypto sector are especially familiar with this. Leading into the bear market that has recently transpired, many people were duped by founders claiming to be “builders” who were actually full of hot air. Unfortunately, plenty still remain, and I foresee other Web3 sectors undergoing a similar transformative process until they arrive at maturity. For a founder, it doesn’t matter how many followers they have, how active they are on X, or how much money they’ve made trading or working for themselves online in copywriting, dropshipping, or any of the other common side hustles. Nothing beats brutal, unforgiving entrepreneurial experience in the real world and proven success leading other people to create value. Elli has an abundance of it—much more than I realized. In his case, the project’s ambition matches both his experience and who he is as a person. He’s on a mission to create a billion-dollar Web3 SAAS company, and he’s already built a highly successful software company. He’s already had experience leading hundreds of people across multiple companies. He’s a man of focus who knows how to operate day-to-day and accomplish his goals. By no means is this an easy task for Elli, but he’s without a doubt the man for the job. As he continues to rise, he will be one of the rare founders I see as the “adults in the room”—people who are true professionals building transformative products that will elevate the industry. In Elli's case, and certainly many more of these founders' cases, most people have no idea who they are. That's because they've been busy building, not tweeting and jumping on Spaces. These are the people who should be uplifted by industry participants. When they win, everyone wins. --- # **Join Triana** ‌Enjoy the article? Make sure to subscribe to stay up to date on our latest stories. If this is your first Triana experience, head over to our [about page](https://www.triana.media/about/) to learn more about the content we publish every week. Follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) and [LinkedIn](https://www.linkedin.com/company/trianaofficial/?ref=triana.media) to become a part of our community and join in on the conversations! [About TrianaToday’s New World is Virtual. Triana will be the Leader of its Discovery.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/about-page-twitter-banner-1.png)](https://www.triana.media/about/) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- ### It’s Time to Quit “Bitcoin, Not Crypto” URL: https://www.triana.media/bitcoin-not-crypto-must-be-stopped/ Last updated: 2026-01-12T17:57:07.000Z When I first joined the crypto industry in 2017, the welcome message I received was simple: "We've got Bitcoin and Ethereum. Bitcoin is digital money. Ethereum is a platform that people build cool apps on." Fair enough. I was in. There was no negativity. No trying to push me to one blockchain or another. No tribalism. The welcome was simple but intriguing. It made me hungry to learn as much as I could. Times have changed. With polarity at an all-time high and blockchain disputes raging online daily, the crypto industry has never been so hostile and unwelcoming to new participants taking their first glimpse inside. "Bitcoin maximalists" are largely to blame. The subgroup of Bitcoin participants, some of whom have amassed huge followings, have spread hate, incorrect and damaging information, and the worst possible Bitcoin slogan—"Bitcoin, not Crypto"—across the industry. For Bitcoin's sake, the slogan needs to end. We need a new welcome message. Let's explore why from a communications perspective. --- ## Bitcoin as a Religion Offers Clarity The comparison that likens Bitcoin to a religion is well-founded; it's one we can elaborate upon to show just how terrible "Bitcoin, not crypto" is as a message. Take yourself back to the times of the early Christian Church. A relatively small (in comparison to the global population) group of people was on a mission to convert non-believers into followers of Christ. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/11/DALL-E-2023-11-25-16.17.51---Create-an-oil-painting-that-symbolizes-Bitcoin-as-a-religion.-The-painting-should-feature-a-serene-and-majestic-figure--reminiscent-of-classical-relig.png) With Bitcoin today, a relatively small (in comparison to the global population) group of people is on a mission to convert non-believers into adopters of a new form of currency. The parallels are clear as day—two grassroots movements led by people pouring their hearts and souls into making the world a better place. Now, picture the following scene: --- A group of early Christians invite curious non-believers to a meeting place to discuss Jesus Christ. A non-believer named Joshua asks: "Why is Christianity the best religion? Why should I choose Christianity instead of converting to Judaism? "Christianity, not Judaism," replies one of the Christians with boastful pride. "Judaism is a scam!" another Christian shouts in support. The room falls silent; the non-believers are clearly nervous and confused. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/11/DALL-E-2023-11-25-16.24.34---Depict-an-intense-and-dramatic-scene-set-in-an-ancient--dimly-lit-room-suggestive-of-the-early-Christian-era.-The-room-is-filled-with-a-diverse-group-.png) One of them bravely speaks up after a moment, asking, "Well, can you at least give us some context into why you believe that?" He continues, "I'm a Muslim, but I'm curious about several religions currently and am trying to figure out what each offers." The Christians become more rowdy: "You should go to prison for considering those scams!" "Think of the children, what are you doing?" "Christianity, not Judaism, not Islam!" --- Now picture that same scene, but replace Christians with Bitcoiners and replace the non-believers with altcoin users and Bitcoin-curious people. I think you get the point. Attacking other crypto participants' beliefs, telling Bitcoin-curious people that everything else in crypto is a scam, and shouting "Bitcoin, not crypto" from the mountaintops is no way to convert people to Bitcoin. It's no way to sustain and grow a movement that ties so closely to peoples' beliefs. To bring people to Bitcoin, it's essential that we be respectful of their current activities and beliefs centered around other cryptocurrencies and use sound reasoning to educate them on why Bitcoin is the best option. Act with grace, not hate. ## Promoting a Lie Hurts Trust in Bitcoin Anyone in the world can Google "Is Bitcoin a cryptocurrency?" and find that the factual, undeniable truth is that yes, Bitcoin is a cryptocurrency. There is an endless list of evidence that supports this. Oxford Languages, the source of Google's English dictionary and the world's leading dictionary publisher with over 150 years of experience, defines a "cryptocurrency" as the following: > "a digital currency in which transactions are verified and records maintained by a [decentralized](https://www.google.com/search?sca%5Fesv=583450257&rlz=1C1UEAD%5FenUS971US971&sxsrf=AM9HkKnbaJxmuGkXAGzs2wTKJv6wazjuwQ:1700258215452&q=decentralized&si=ALGXSlZBVj2N0nR2EWHpMBkgGidNEiB9V0kjlF6c8lokvza9Xp7-tw2Mlnd-JMQY0JBNmjFM1gmKXIRYaq7qljMIp0HYxnhq56Bg6ScYHRbVGTIkqoHw7iA%3D&expnd=1&ref=triana.media) system using [cryptography](https://www.google.com/search?sca%5Fesv=583450257&rlz=1C1UEAD%5FenUS971US971&sxsrf=AM9HkKnbaJxmuGkXAGzs2wTKJv6wazjuwQ:1700258215452&q=cryptography&si=ALGXSlbsnhJrQT67VON4kgaynbBxi06VA25AYZygbBZrGlpLCfCUEIH0g0FeI8v2wr9qGooWBP%5FIFpun%5F4Sf63xEWPh86ubIQt3LDL1yINXdCOvk4hH1TiY%3D&expnd=1&ref=triana.media), rather than by a [centralized](https://www.google.com/search?sca%5Fesv=583450257&rlz=1C1UEAD%5FenUS971US971&sxsrf=AM9HkKnbaJxmuGkXAGzs2wTKJv6wazjuwQ:1700258215452&q=centralized&si=ALGXSlY7Tk5u3AnUd39hr4eAN0gr4090GAqgurBxvlw2Y824ngb5JtfOf3QCxH-ygSLQ28wfH6QTThUBOK25%5F%5FPP5BpW7HirGkytt3BzmiHxf9do6jMWwW8%3D&expnd=1&ref=triana.media) authority." Cross-reference that definition with the Bitcoin whitepaper and, like magic, Bitcoin is confirmed as a cryptocurrency. Imagine that. To anyone who isn't a brainwashed Bitcoin maximalist, this is the most basic concept in the industry. The first thing everyone learns about Bitcoin is that it's a cryptocurrency. For a moment, put yourself in the shoes of someone discovering Bitcoin for the first time. You check out social media to learn more about Bitcoin and the industry, and come across tweets like this: > We are still early….. [#bitcoinnotcrypto](https://twitter.com/hashtag/bitcoinnotcrypto?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=triana.media) [pic.twitter.com/qa3rZcwSfx](https://t.co/qa3rZcwSfx?ref=triana.media) > > — Sea₿az (@SeaBaz\_) [September 19, 2023](https://twitter.com/SeaBaz%5F/status/1704183007324545406?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Can you imagine how confused you'd be? Would you want to learn more and dive deeper into an industry with such an identity crisis at its fundamental level? Stirring up controversy and generating confusion is no way to improve Bitcoin education or adoption. As an industry, it's essential that we make learning as straightforward as possible. ## Instead, Focus on Differentiation and Familiarity In claiming that Bitcoin isn't crypto, Bitcoiners resort to a juvenile argument that sounds a lot like bullying, or like there's nothing better to say. "Bitcoin, not Crypto" is the "Your Mom" comeback of Web3\. It's a middle school-level last resort that causes two fundamental problems: 1. It indicates that Bitcoin can't effectively differentiate itself from other cryptocurrencies. 2. It compares two Web3 concepts, making it difficult for novices to understand. **Differentiation** There's no scenario in which "Bitcoin, not crypto" is used that a sound argument couldn't be used instead. Using "Bitcoin, not crypto" is a cop-out argument that signals that Bitcoin isn't worth using the energy to properly defend. Worse even, it's a complete failure to take advantage of a moment to differentiate Bitcoin from other cryptocurrencies. If someone asks why they should choose Bitcoin instead of Ethereum, the answer should relate to proof of work and Bitcoin's fundamentals as ultrasound money. "Bitcoin, not crypto" is a psychotic answer to such an important question. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/11/DALL-E-2023-11-25-16.22.21---Create-an-oil-painting-that-metaphorically-represents-the-debate-between-Bitcoin-and-other-cryptocurrencies.-The-painting-should-show-a-grand-scale--r.png) Thinking back to my own onboarding experience, if I had been told "Bitcoin, not crypto" and that everything in crypto aside from Bitcoin was a scam, I don't think I would've been so keen to get involved in the industry. Why would anyone want to join an industry where all but one product is a scam? People's questions about the crypto industry deserve genuine, well-founded answers. They deserve much more than claims that projects clearly run with good intentions and a humanity-first mission are evil scams. They deserve a proper welcome and room to explore everything the industry has to offer. That is how we have grown as an industry for years and how we should continue to do so. Be an information resource and let people choose what they align to on their own. **Familiarity** For a novice, Bitcoin and Crypto are two foreign concepts. Telling them Bitcoin isn't crypto doesn't further their understanding of Bitcoin; it's a path to confusion and doubt. Those aren't emotions that we should want anyone to feel when they first find Bitcoin. Trust is vital to onboarding. Clear, unbiased information is vital to establishing trust. ![Bitcoin vs Gold](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/11/DALL-E-2023-11-25-16.20.32---Create-an-oil-painting-that-juxtaposes-Bitcoin-with-gold--embodying-the-theme-of-old-versus-new-wealth.-The-scene-should-be-divided-into-two-halves-fo.png) The message Bitcoiners propagated years ago, "Bitcoin is digital gold," was far better than "Bitcoin, not crypto." The gold metaphor is much more effective to spread because it brings familiarity to an extremely complicated subject. Almost everyone understands gold; at the very least, they know it is valuable due to its rarity and commonly serves as a safe store of value. That's how genuine curiosity is sparked. It opens the door for adoption. ## Moving Beyond "Bitcoin, Not Crypto" The crypto industry's current atmosphere of divisiveness and hostility, epitomized by the "Bitcoin, not Crypto" slogan, is detrimental not just to Bitcoin, but to the entire crypto space. This approach alienates newcomers and muddies the waters of understanding and trust. The early ethos of inclusivity and eagerness to educate, which once welcomed and intrigued many of us, including myself, has been overshadowed by a tribal mentality that does more harm than good. As an industry, we must return to our roots of open-mindedness and informative dialogue. The focus should be on providing clear, factual information, celebrating the unique attributes of various cryptocurrencies, and fostering an environment where curiosity and learning are encouraged. Only by adopting a more welcoming and constructive approach can we hope to see the crypto industry thrive and evolve, inviting participation from a diverse range of thinkers and innovators. This change is not just necessary; it's crucial for the future and the growth of the entire crypto ecosystem. We must be better. --- # **Join Triana** ‌Enjoy the article? Make sure to subscribe to stay up to date on our latest stories. If this is your first Triana experience, head over to our [about page](https://www.triana.media/about/) to learn more about the content we publish every week. Follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) and [LinkedIn](https://www.linkedin.com/company/trianaofficial/?ref=triana.media) to become a part of our community and join in on the conversations! [About TrianaToday’s New World is Virtual. Triana will be the Leader of its Discovery.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/about-page-twitter-banner-1.png)](https://www.triana.media/about/) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- ### Non-Fungible Tokens (NFTs): What They Are and Why They Matter URL: https://www.triana.media/what-are-nfts/ Last updated: 2023-11-28T03:19:02.000Z --- **Key Takeaways** - NFTs are unique digital assets stored on a blockchain that certify a digital object to be unique or 'non-fungible.' - NFTs are primarily used for digital art or access tokens, but their use cases expand to include virtual real estate, gaming assets, music, fashion, and more. - NFTs can provide artists and creators with more control over their work and a new source of income. - The NFT space is still new, presenting challenges such as the potential for scams, and copyright issues. --- Non-fungible tokens (NFTs) have emerged as a transformative force in the Web3 industry. They're at the frontier of the digital revolution, driving new avenues for creativity and reshaping the concept of ownership in the digital landscape. This article provides a detailed overview of NFTs, their uses, and how they're poised to revolutionize digital ownership and the art world. --- ## Understanding Non-Fungible Tokens (NFTs) To fully grasp the concept of Non-Fungible Tokens (NFTs), we need to first understand the term 'fungibility.' In economics, a good or asset's fungibility indicates its interchangeability with another good or asset of the same type. Traditional currencies, for example, are fungible. If you lend a $10 note to a friend, it wouldn't matter if they didn't return the exact same note; any $10 note would suffice. However, NFTs are non-fungible, meaning each token has a unique value and specific information that cannot be replaced with something else. An NFT is a type of digital asset that represents ownership or proof of authenticity of a unique item or piece of content, stored on a blockchain, the same technology underlying cryptocurrencies like Bitcoin and Ethereum. Unlike these cryptocurrencies, which are fungible and can be exchanged on a like-for-like basis, NFTs are unique. This uniqueness and the ability to prove ownership make NFTs particularly suitable for a variety of use cases, including verifying the authenticity of physical goods, forming a digital identity, and providing unique access to something to a person or set of people. [How to Dissolve a Black Market Worth BillionsToday’s counterfeit sneaker black market is an epidemic that can only be solved by implementing NFT technology.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaBart Hillerich![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/09/paul-volkmer-AZf7DL-8Qhk-unsplash--1--1.jpg)](https://www.triana.media/nfts-sneaker-black-market/) NFTs are essential to the future of verifying the authenticity of physical goods One of the crucial aspects of NFTs is that they contain distinguishing information recorded in their smart contracts. This information, often referred to as metadata, can include the identity of the owner, the history of the token's ownership, the asset's unique attributes, and more. This information makes it possible to differentiate one NFT from another and to verify their ownership, thus certifying the NFT's uniqueness. ## The Impact of NFTs on the Art World Art has been one of the most affected sectors by the advent of NFTs. This new way of tokenizing artwork into digital assets has opened up unprecedented possibilities for artists and collectors alike. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/11/I-believe-in-your-victory.webp) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/11/always-inside.png) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/11/XEN..jpg) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/11/Spirit..jpg) NFT artwork minted on the Tezos (XTZ) blockchain ### Ownership and Provenance Provenance, the record of ownership of a work of art, is arguably the most significant aspect of art sales and ownership. NFTs have revolutionized this by storing detailed provenance information within their smart contracts, allowing for clear ownership records and authenticity verification. This feature is highly beneficial in an industry often plagued by forgery and disputes over ownership. ### Royalties for Artists In traditional art markets, artists often receive a one-time payment for their work, after which they no longer benefit financially from further sales. NFTs change this dynamic. The smart contracts of NFTs can include terms that ensure artists receive royalties every time their work is resold, providing them with ongoing revenue. Despite royalties being incredibly attractive to artists and businesses looking for new ways to monetize products, they've been a heated source of debate across the NFT community. As NFT marketplaces competed for dominance between 2021 and the beginning of 2024, a simultaneous rise in NFT trading occurred, with traders seeking the lowest marketplace fees possible to maximize profits. > Unpopular opinion: marketplaces forcing creator royalties is not it in 2023 > > Look we already did this dance in 2022 n forced royalties lost, can't put this genie back in the bottle > > Instead NFT collections should focus on giving people a reason to voluntarily pay them royalties [pic.twitter.com/g0cH30dAMI](https://t.co/g0cH30dAMI?ref=triana.media) > > — KBB (@KingBlackBored) [November 4, 2023](https://twitter.com/KingBlackBored/status/1720785457733099562?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Marketplaces catering to traders caused a race to the trading fees bottom that saw NFT marketplaces no longer honoring royalties. The exchanges chose user acquisition over creator protection, and as a result, artists and projects across the industry struggled with the loss of royalty revenue. The industry continues to grapple with this subject. ### Accessibility and Inclusion Perhaps the most democratically potent feature of NFTs is their ability to democratize the art industry. By offering a global, open platform that is accessible to anyone with an internet connection, NFTs have enabled artists who previously had no access to galleries or traditional art marketplaces to sell their art directly to anyone worldwide. This inclusivity extends to art investors and enthusiasts, who can now participate in the art market without substantial wealth. ## Beyond Art: Other Use Cases of NFTs While digital art has been at the forefront of the NFT revolution, the potential applications of NFTs go far beyond, serving as access passes to a wide variety of utilities. ### Virtual Real Estate In virtual worlds like Wilder World or The Sandbox, land parcels are sold as NFTs. These purchases give the buyer ownership rights within the virtual space, which they can develop just like physical land. These virtual plots can be used to create homes, businesses, and a range of other installations. ![Image](https://pbs.twimg.com/media/F-WBydKbYAARGor?format=jpg&name=4096x4096) Wilder World's city of "Wiami" ### Collectibles CryptoPunks represent one of the earliest uses of NFTs. These collectibles can be bought, sold, or traded like physical collectibles. The project gained significant media attention with sales reaching millions of dollars, bringing NFTs into the spotlight. ![10 things to know about CryptoPunks, the original NFTs | Christie's](https://www.christies.com/-/media/images/features/articles/2021/04/10-thing-to-know-about-cryptopunks/larva-labs-2005-cryptopunks-2017-non-fungible-token-21st-century-evening-sales-christies-hero-opt-new.jpg?h=1103&iar=0&w=1765&rev=59cdb63381a74e38a743da4e5656d7b2&hash=80af2a890d8a6314239ec6d8987f42a9bb4d3421) [10 things to know about CryptoPunks](https://www.christies.com/en/stories/10-things-to-know-about-cryptopunks-94347afeea234209a7739c240149f769?ref=triana.media) Newer NFT collectibles sometimes offer holders various benefits for ownership. LALA, a startup backed by Reddit founder Alexis Ohanian, is bringing NFT collectibles to the film world. The project's first launch, a collaboration with The Wolf of Wall Street, launched collectibles that enabled owners to receive a % of the film's royalty revenue each year, among other benefits. ![Image](https://pbs.twimg.com/media/FuFH6IKWwAA6tXg?format=jpg&name=4096x4096) [LALA](https://x.com/%5Flalaxyz/status/1648682548975763460?s=20&ref=triana.media) partners with The Wolf of Wall Street ### Gaming Assets Conventional gaming frameworks typically limit the player's ability to possess in-game assets, such as items, characters, or virtual properties. On the other hand, blockchain-based gaming utilizes NFTs, offering genuine ownership of these digital assets. ![](https://i.seadn.io/gcs/files/cf8920315151bc43d370143dc1ea26a1.png?auto=format&dpr=1&w=3840) While not required, players can use NFT trading cards in [Parallel](https://parallel.life/?ref=triana.media) to earn bonus rewards for playing In blockchain gaming, NFTs are central, facilitating the development of distinct in-game assets that are truly owned by players. These assets, which may include exclusive collectibles or virtual gear like weapons and armor, hold the potential for future transfer between games thanks to emerging NFT interoperability. Additionally, these items can be exchanged and sold in open marketplaces, fostering a robust community of collectors and traders. ### Music Artists and bands are issuing their work as NFTs in the music industry. These music NFTs are providing a new revenue stream and a more direct connection with their fans. They can represent digital album art, exclusive video content, or even tokenized album releases. In February of 2023, [startup AnotherBlock launched NFTs](https://blockworks.co/news/rihanna-song-nfts-enables-holders-to-earn-when-it-plays?ref=triana.media) that enable holders to earn a percentage of royalties from Rihanna's smash hit song "Bitch better have my money." ### Domain Names and Social Media Handles As our lives become increasingly digital, online property has become more valuable. Digital property like domain names or unique social media handles can also be tokenized as NFTs, granting the owner certain rights. > The Internet of Value: > > What we are building with ZNS is more than a naming system, from my perspective it is a value-layer for the Internet, or 'Internet of Value'. > > The notion that you can connect any existing website or internet service (via a ZNS resolver), to a unique,… > > — 0://wilder.n3o ネオ (@real\_n3o) [November 1, 2023](https://twitter.com/real%5Fn3o/status/1719753346603757858?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) ### Fashion The world of fashion is also exploring NFTs, with virtual clothing and accessories for avatars in video games or virtual worlds being sold as NFTs. Some brands are even launching digital-first clothing lines, a nod to the growing influence of virtual identities. 0:00 /0:08 1× A digital helmet from [Cultivate](https://twitter.com/CULT1VATE?ref=triana.media), a metaverse-centric lifestyle brand and tech innovation company ## Charting the Future of Digital Ownership NFTs are pioneering a new paradigm of digital ownership and creativity. Their impact on the art world has been significant, providing artists with new ways to monetize their work and connect with their audience. Beyond art, NFTs have found applications in diverse fields, pushing the boundaries of what we perceive as valuable in the digital world. However, the NFT space is still in its early stages and comes with its own set of challenges. As the technology evolves and matures, so too will our understanding of NFTs and their place in our digital future. --- # **Join Triana** ‌Enjoy the article? Make sure to subscribe to stay up to date on our latest stories. If this is your first Triana experience, head over to our [about page](https://www.triana.media/about/) to learn more about the content we publish every week. Follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) and [LinkedIn](https://www.linkedin.com/company/trianaofficial/?ref=triana.media) to become a part of our community and join in on the conversations! [About TrianaToday’s New World is Virtual. Triana will be the Leader of its Discovery.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/about-page-twitter-banner-1.png)](https://www.triana.media/about/) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- ### Episode 1: Elli De Gouveia URL: https://www.triana.media/episode-1/ Last updated: 2023-11-10T15:49:41.000Z ## Show Notes **0:30 -** What have you been up to today? **4:20 -** How long has fundraising been your main focus? **6:40 -** Why should people care about Anybodies? **10:04 -** Anybodies x Solana Foundation **19:55 -** What was it like pivoting Anybodies? **33:38 -** What has your entrepreneurial journey been, and where does that spirit come from? **49:00 -** What does the Anybodies team do better than any other team in Web3? **51:00 -** Why isn't Anybodies number 1? **57:00 -** Why is your daily routine and keys to success? ## Links [Anybodies Platform](https://anybodies.com/?ref=triana.media) [Anybodies X](https://twitter.com/AnybodiesNFT?ref=triana.media) [Elli's X](https://twitter.com/ellihandro?ref=triana.media) ## Hosted By [Bart Hillerich - TrianaHere to play my small role in sparking the open metaverse revolution.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaHome![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/11/6C5CA422-0C10-4AB5-8CA7-9911DB93948F.JPEG)](https://www.triana.media/author/bart/) ### The Evolution of Golf Runs through Links Golf Club URL: https://www.triana.media/linksdao-evolution-links-golf-club/ Last updated: 2025-04-10T21:55:20.000Z As a new organizational structure that, while at times controversial, brings the disruptive force of blockchain straight to the framework upon which modern businesses run, DAOs (Decentralized Autonomous Organizations) promise to revolutionize how resources are coordinated and business is conducted in potentially every industry. Why not golf? For a sport hundreds of years old that is perpetually entrenched in its traditions and exclusivity, it's only fitting that it would take the early emergence of DAOs to bring golf to a new, more egalitarian era. Over the past couple of years, while the golf world has focused on the [PGA Tour vs. LIV Golf commotion](https://www.nytimes.com/2023/06/07/sports/golf/pga-liv-golf-merger.html?ref=triana.media) as the central narrative concerning the sport's future, the beginnings of a new DAO-based golf club were taking place—one that I believe will, when the history books are written, be described as having a far greater impact on the sport because it transforms how all golfers play, not just the pros. This is Links Golf Club. --- ## **From social media to golf’s most sacred grounds** In December of 2021, [Mike Dudas](https://twitter.com/mdudas?ref=triana.media) took to X to propose a question: *What if a group of people came together to purchase a Top 100 golf course?* The tweet went viral, leading to [LinksDAO](https://twitter.com/LinksDAO?ref=triana.media) being formed and shortly after raising over $11 million from 9,000 memberships sold in 24 hours. From there, the path to owning a golf course wasn’t as straightforward as you may think. A proper organization and member’s network needed to be built first. The team began forming strategic relationships with top golf brands and organizations to extend benefits to members and built The Clubhouse, an online experience hub where members can “connect, access their benefits, explore network courses, and earn rewards.” With members from around the world, a substantial DAO treasury, and a platform to bring the DAO together, the foundation was now in place to achieve the original goal: coordinate resources to purchase a world-class golf course with membership for all DAO members. Along came Spey Bay, one of only 247 true links courses in the world. A true links golf course refers to a specific type of golf course, one of the earliest styles of golf courses, typically built along coastlines. The term "links" is derived from the Old English word "hlinc," referring to the terrain found in coastal sand dunes and, occasionally, open parkland. These courses are mostly found in Scotland, where the game of golf originated, but they can also be found in other coastal areas around the world. They are beloved by golfers for their rich history and traditions, unique challenges, aesthetic beauty, and the strategic play they demand. One would assume that membership to one of these courses would be tough to come by, but in May 2023, Links Golf Club achieved the extraordinary feat of bringing one under its ownership, meaning its members have a home-away-from-home on the northern coast of Scotland. > The journey to acquiring Spey Bay was no short putt. Over 100 courses, 6,000 members, and one unanimous decision later, here we are! 🏌️‍♂️ > > Want to become a member of this historic Scottish links? Tap our bio to learn more. [pic.twitter.com/7qneOJHHZB](https://t.co/7qneOJHHZB?ref=triana.media) > > — speybaygc (@speybaygc) [September 12, 2023](https://twitter.com/speybaygc/status/1701386981362614487?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) ## A welcoming golf experience Inclusivity remains largely foreign to the world of golf; however, many golfers would agree solutions are needed—inclusivity and diversity have been hot topics for years. Links Golf Club is a major step forward in this realm. If you’re familiar with golf, the club is not what you’ve come to expect from others. There are no crazy initiation fees, no need to find a sponsor to vouch for you, and no vetting or membership committee interrogations. You simply join. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/09/image-5.png) The club is dedicated to making golf more accessible to people from all walks of life by offering flexible membership options and affordable fees. It removes the familiar club bureaucracy, placing golfers in control of their own experience by giving them a say in how the club is run and by offering them a variety of tools and resources to help them improve their game. This level of belonging is unprecedented in the sport. From beginners finding their footing to veterans seeking to perfect their swing, Links Golf Club is a converging point where everyone with a passion for the sport can unite; the inclusive atmosphere ensures that each member feels valued and engaged, fostering a sense of community among golf lovers. > "We founded Links to improve the golf experience for everyone—whether you're looking to play the top courses or join the best online golf community, Links membership rewards you however you want to play, connect, and compete in the world of golf." - [Cooper Sherwin](https://twitter.com/CoopNFT?ref=triana.media), Co-Founder of Links Golf Club Contributing to the club’s inclusivity is how it operates outside the confines of the traditional neighborhood country club. Players don’t need to buy a $500,000 house and pay HOA fees just to get stuck with a locker next to “that guy.” Instead, members converge around the online platform, complete with a peer-to-peer system that encourages reciprocity between members by enabling them to arrange rounds with other pass holders at courses spanning from California to Scotland. It’s a tremendous way for members to grow a global personal network through shared passion, competition, and fun. ## Unparalleled membership perks Members are bestowed with a myriad of exclusive perks, enhancing their golfing experience. They get the privilege to access a growing list of 1,300+ golf courses, organize golf outings with other members, and acquire discounted golf lessons, as well as top-notch discounted equipment, apparel, and gear from the most renowned brands in the industry. Moreover, members can attend various exclusive events throughout the year, creating ample opportunities for networking and leisure. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/09/image-2.png) There are currently two different paths to join the club: the [Web2 route](https://www.links.golf/membership?ref=triana.media), and the [Web3 route](https://linksdao.io/?ref=triana.media). Web3 membership involves purchasing a [LinksDAO NFT](https://opensea.io/collection/linksdao?ref=triana.media) to gain access to the exclusive benefit of DAO governance voting power (NFT holders can play a key role in deciding the future of the golf club). All other Links Golf Club benefits are shared between NFT holders and traditional members. ## Proof that DAOs work At a time when DAOs remain a big “if” for many people, Links Golf Club is a shining beacon of proof that exemplifies what can happen when people align around a focused mission while utilizing a DAO structure. Membership in the DAO can be likened to being a citizen of the early beginnings of a golf [network state](https://thenetworkstate.com/?ref=triana.media)—coordination spans the globe, benefits have global reach, and smart contracts are law. It’s revolutionary for golf, serving as the first example of a club founded on the principles of Web3 and blockchain technology. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/09/image-6.png) In utilizing the DAO structure, the club maintains several advantages over traditional clubs, including: **Community involvement -** Members are encouraged to propose ideas and vote on decisions, resulting in innovations that make membership far more rewarding than traditional clubs, including decentralized competitions and tournaments. **Global and local benefits -** With members in 48 States and 40+ countries, members can access great golf worldwide, as well as in their backyards. **Partnerships -** Links Members are at the intersection of innovation and technology in what has been a very traditional game. Legacy golf brands are excited to offer our members special pricing and early access to new products. As a result, members save up to $700/year on gear, apparel, and golf expenses. It's advantages like these that won Links Golf Club a spot among Fast Company's list of Web3's top 10 most innovative companies for 2023. > What do [@Nike](https://twitter.com/Nike?ref%5Fsrc=twsrc%5Etfw&ref=triana.media), [@Roblox](https://twitter.com/Roblox?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) and [@LinksDAO](https://twitter.com/LinksDAO?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) have in common? > > This. > > Grateful and excited every day to be a part of something incredibly special at the intersection of golf & technology. [https://t.co/PLekB7Ph2D](https://t.co/PLekB7Ph2D?ref=triana.media) > > — Coop⚡️(⛳️,🏆) (@CoopNFT) [March 2, 2023](https://twitter.com/CoopNFT/status/1631319822310023168?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) ## Teeing up the future Today, Links Golf Club stands as a beacon of modern golf communities, blending unprecedented benefits and networking opportunities with a mission to reinvent the golf club experience. It serves as a common ground for golfers of all skill levels, promoting accessibility and inclusivity. The range of exclusive perks and top-tier amenities, coupled with a commitment to providing the best possible golf experience, position Links Golf Club as a premier destination for those passionate about the sport. Whether you're a beginner or a seasoned player, Links Golf Club promises an enriching experience, fostering a sense of camaraderie and passion for golf ([as I found out](https://x.com/CoopNFT/status/1690142014019358720?s=20&ref=triana.media)). It’s beautiful in this way—taking a highly exclusive sport of luxury and, in its own Robinhood way, providing easy access to anyone with a passion for the game. By using Web3 and blockchain technology, the club is creating a more transparent, accountable, and innovative golfing experience for its members. In doing so, it’s creating a blueprint for others to follow as it continues to serve as the global epicenter of golf’s evolution. --- # **Join Triana** ‌Enjoy the article? Make sure to subscribe to stay up to date on our latest stories. If this is your first Triana experience, head over to our [about page](https://www.triana.media/about/) to learn more about the content we publish every week. Follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) and [LinkedIn](https://www.linkedin.com/company/trianaofficial/?ref=triana.media) to become a part of our community and join in on the conversations! [About TrianaToday’s New World is Virtual. Triana will be the Leader of its Discovery.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/about-page-twitter-banner-1.png)](https://www.triana.media/about/) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- ### Introduction to DAOs: Our Path to Coordination Revolution URL: https://www.triana.media/introduction-to-daos-how-decentralized-autonomous-organizations-work/ Last updated: 2025-04-10T21:55:34.000Z --- ### Key Takeaways 1. DAOs are blockchain-based organizations that function through encoded rules in smart contracts. They emphasize decentralized governance, allowing all members to partake in decision-making processes. 2. DAOs are not restricted to conventional restraints, like the need to work from an office building. The DAO structure enables rapid scaling and global coordination, providing a new path for remote workers to thrive. 3. While offering transparency and democratization, DAOs face challenges like code vulnerabilities and decision-making hurdles. 4. Real-world DAOs already making waves include MakerDAO, Nouns, and Links Golf Club. --- **Decentralized Autonomous Organizations (DAOs)** are ushering in a revolutionary way of structuring organizations. Moving away from traditional hierarchies, DAOs are creating democratic, transparent systems powered by blockchain. This comprehensive guide will walk you through the fundamentals of DAOs, their operational dynamics, and real-world applications. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/09/image.png) In March 2023, DAO treasuries topped $25 billion for the first time | Source: [DeepDAO](https://deepdao.io/organizations?ref=triana.media) --- ## What is a DAO? A DAO (Decentralized Autonomous Organization) is an organizational structure that operates based on rules encoded as smart contracts on a blockchain, instead of being directed by a hierarchal system. DAOs emphasize transparency, flexibility, speed, and collective decision-making by its members. Notably, they enable teams to build a company without any need for physical offices, thus greatly reducing the time it takes for a global, distributed team to scale. DAOs have emerged as a compelling model for the future of resource (time, money, manpower, etc.) coordination, maintaining core principles that stand in direct opposition to archaic centralized governance structures. Below, we delve into three fundamental pillars that underpin the operational ethos of DAOs. **Decentralized Governance -** A notable departure from conventional organizational structures, DAOs renounce a central governing body. Instead, they distribute decision-making powers among their members. This decentralization fosters a democratic ethos, allowing for broad-based participation in the governing processes. Unlike traditional structures where decisions are often dictated by a select few, in DAOs, every member has a voice, promoting a sense of collective ownership and accountability. **Blockchain Integration -** At the heart of a DAO's operation is its integration with blockchain technology. By functioning on blockchain platforms, DAOs are able to offer an unparalleled level of transparency and security. The immutable, tamper-proof records inherent in blockchain technology ensure that every transaction and decision within the DAO is recorded verifiably and permanently. This not only fosters trust among members but also significantly enhances the security and integrity of the organization's operations. **Smart Contracts -** The operational efficiency of DAOs is further augmented by the use of smart contracts. These are automated, self-executing contracts with the terms of agreement directly placed into lines of code. By managing most of a DAO’s operations, smart contracts minimize the need for human intervention, thereby reducing the possibility of biases and errors. The deterministic nature of smart contracts ensures that agreed-upon rules are executed to the letter, providing a reliable, automated framework for the organization's transactions and agreements. Together, these three pillars form the bedrock of DAO operations, exemplifying a shift towards a more inclusive, transparent, and efficient mode of organizational governance and operation. Through decentralization, blockchain integration, and smart contracts, DAOs are not only redefining the way organizations are structured but also how they interact with and empower their members. ## How Do DAOs Operate? Through their structured operational mechanics, DAOs are paving the way for a new paradigm of organizational governance, blending technological innovation with democratic principles to foster a collaborative and transparent operational landscape. This is how they run. ### Initiation & Configuration The journey of a DAO begins with its initiation on blockchain platforms, which provide the necessary infrastructure for its operation. The founding members play a crucial role at this stage, as they lay down the organization's core rules and objectives. These guiding principles are then encapsulated into smart contracts, which serve as the immutable backbone of the DAO, ensuring that its operations align with the established framework. ### Proposal & Deliberation Proposals are where the dynamism of DAOs truly shines. Members are empowered to propose modifications, initiate new projects, or suggest operational changes, fostering a culture of continual improvement and innovation. The proposals are then disseminated among the community, triggering discussions, debates, and potential revisions. This deliberative process is integral in ensuring that decisions are well-thought-out and align with the collective interests of the DAO members. An example: [zDAO Proposal 0We’re proud to announce our very first zDAO Proposal! It will be launching for owners of Wilder Moto NFTs to vote on as members of the Moto DAO.![](https://www.zine.live/content/images/size/w256h256/2023/09/Z_Fav_60x60.png)ZINEWilderWorld![](https://www.zine.live/content/images/2022/08/Proposal-0-Landscape--1--4.png)](https://www.zine.live/proposal0/?ref=triana.media) ### Voting Process Every proposal is subjected to a democratic voting process, embodying the ethos of decentralized governance. The DAO members cast their votes, with voting power often tied to the amount of cryptocurrency or tokens they hold, their stake in the organization, or other preset criteria. This system ensures a fair representation of members' interests, thereby fostering a sense of ownership and accountability among the community. ### Execution of Proposals Post-voting, if a proposal garners the requisite approval—usually through a majority consensus or a predetermined threshold—it transitions to the execution phase. The DAO's smart contract autonomously springs into action, enacting the decisions as per the encoded protocols. This autonomous execution not only expedites the implementation process but also ensures adherence to the established guidelines, making the operations transparent and reliable. In practice, proposal execution typically looks like this: 1. Vote concludes 2. Smart contracts execute automated aspects of the proposal (e.g. allocating funds for a marketing budget) 3. Members of the DAO (or a hired third party) utilize allocated funds to carry out implementing the proposal ### Funding & Revenue Streams Financial sustainability is crucial for the longevity and success of DAOs. They often harbor a treasury or a common pool of funds, to which members contribute. This treasury acts as a financial reservoir for financing projects, ensuring smooth operations, and exploring growth opportunities. As projects grow and mature, the generated profits or benefits are channeled back to the community in accordance with the established protocols. This circular economy model not only ensures financial sustainability but also nurtures a thriving ecosystem that rewards collective effort and innovation. ## DAOs in Action: Real-world Examples DAOs are not a distant fantasy waiting to happen. They are already disrupting industries, coordinating billions of dollars, and changing members' lives for the better. While DAOs still have a long way to go before they achieve global prominence, the early pioneers active today will be remembered for their trailblazing efforts and sacrifices. Let's check out some examples. ### Links Golf Club ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/09/image-1.png) Links Golf Club is a shining beacon of DAO success. The club coordinates resources to provide value to its global network of members in the form of access to a growing list of 1,300+ courses, exclusive benefits with top golf brands, member events, and so much more. Remarkably, the DAO has come to purchase a golf course in Scotland. [LinksDAO wins bid to buy its first golf course, says CEOA golf-inspired DAO, LinksDAO has won a bid to buy an 18-hole golf course in Scotland, worth around $900,000\. The deal is expected to be closed in early April once they’ve completed their “due diligence” check. The course is “playable” now, but the DAO plans on renovating it soon after purchase.![](https://cointelegraph.com/favicons/apple-touch-icon.png)CointelegraphBrayden Lindrea![](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvYjRlNmIxOGItYWFmYy00NWYyLWJiN2UtZjYyMjYzNDcxNDJlLmpwZw==.jpg)](https://cointelegraph.com/news/linksdao-wins-bid-to-buy-its-first-golf-course-says-ceo?ref=triana.media) ### MakerDAO ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/10/image.png) MakerDAO, one of the oldest and most successful DAOs, manages the Maker Protocol, a system for generating the Dai stablecoin and ecosystem of over 400 apps. The total value locked (TVL) of MakerDAO reached $20 billion in December of 2021, and remains above $4 billion today in the deep recesses of the post-FTX bear market. Resilient, innovative, and driven by core Web3 values, MakerDAO is a titan in the industry that other DAOs can aspire to mimic. ### Nouns Known across Web3 for its iconic glasses, Nouns DAO was one of the first DAOs to use NFTs to fund its treasury. The premise is simple: owners of NFTs create proposals, and if approved, the DAO executes them. Typically, these proposals are intended to further the Nouns brand, but have also voted to contribute funds for other purposes, like donating over $100,000 to well-known on-chain sleuth [ZachXBT](https://twitter.com/zachxbt?ref=triana.media), a beloved crypto figure who exposes lies, fraud, and corruption in the industry. View the entire history of Nouns DAO: [Nouns CenterThe knowledge center and resource hub for Nouns DAO. Learn about the project, the community and ways to get involved and funded.![](https://nouns.center/favicon.ico)Nouns Center![](https://nouns.center/og-image.png)](https://nouns.center/history?ref=triana.media) ## The Prospects and Challenges Ahead As intriguing as they are, DAOs present a blend of promising opportunities and formidable challenges that shape the discourse around their practicality and future adoption. ### Opportunities **Transparency and Accountability** One of the cornerstone advantages of DAOs is the enhanced transparency and accountability they bring to organizational operations. Every action, transaction, and decision within a DAO is meticulously recorded on the blockchain, which is immutable and transparent by nature. This ensures that all stakeholders have a clear view of what's transpiring within the organization, thereby promoting a culture of accountability. **Democratized Control** Traditional organizational structures often suffer from a concentration of power, which can lead to a lack of inclusivity and potential misuse. DAOs, on the other hand, are designed to distribute power among members. This democratization of control facilitates a collective, democratic approach to decision-making, providing a refreshing counter to the centralized authority seen in conventional setups. **Efficiency and Automation** With the integration of smart contracts, DAOs have the potential to drastically enhance operational efficiency. Smart contracts can automate repetitive tasks and decisions, which not only expedites operations but also mitigates the biases that may come with human intervention. ### Challenges **Code Imperfections** The reliance on smart contracts also brings challenges, primarily around code imperfections. If a smart contract is imperfectly coded, it becomes vulnerable to attacks or may lead to unintended consequences, which could potentially be detrimental to the organization. **Decision Gridlocks** While democratized control is a significant advantage, it can also lead to decision-making hurdles, especially in a diverse group. The process of reaching a consensus can sometimes become tedious, leading to decision gridlocks. This situation of decision paralysis can delay crucial organizational choices, impacting the agility and responsiveness of the DAO—a challenge ApeCoin DAO has faced. [The ApeCoin Experiment Crashes Down as Token and DAO Fail to Gain TractionThe much-hyped ApeCoin token and decentralized autonomous organization (DAO) that emerged from the Bored Ape Yacht Club NFT collection now appear to be failed experiments in building a sustainable community and cryptocurrency.![](https://daotimes.com/content/images/size/w256h256/format/jpeg/2022/12/515-x-515.jpg)DAO TimesDAO Times![](https://daotimes.com/content/images/2023/09/rob-schreckhise-8zdEgWg5JAA-unsplash.jpg)](https://daotimes.com/the-apecoin-experiment-crashes-down-as-token-and-dao-fail-to-gain-traction/?ref=triana.media) **Regulatory Concerns** The innovative structure of DAOs often ventures into unchartered legal territories. This poses challenges in terms of legal recognition and rights across different jurisdictions. The evolving regulatory landscape around DAOs calls for a close watch and proactive engagement from organizations and policymakers to ensure that they operate within the legal frameworks while promoting innovation and inclusivity. The narrative of DAOs is a compelling showcase of how blockchain technology can re-imagine organizational models. However, the road ahead demands a meticulous examination of both the opportunities that beckon and the challenges that warrant caution. ## Navigating the Future with DAOs - Balancing Innovation and Complexity DAOs stand at the vanguard of organizational innovation, presenting a democratic, transparent, and efficient alternative to traditional models. By embedding operations in blockchain and smart contracts, they offer a tantalizing glimpse into the future of decentralized governance. Yet, as with any transformative concept, DAOs come with their unique set of challenges. Embracing DAOs involves not just understanding their potential but also navigating the complexities they introduce. While it's still early, DAOs will likely begin to permeate every industry in the world, leveraging the organizational structure's benefits to outcompete traditional organizations in terms of innovation, coordination, and speed. --- # **Join Triana** ‌Enjoy the article? Make sure to subscribe to stay up to date on our latest stories. If this is your first Triana experience, head over to our [About page](https://www.triana.media/about/) to learn more about the content we publish every week. Follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) and [LinkedIn](https://www.linkedin.com/company/trianaofficial/?ref=triana.media) to become a part of our community and join in on the conversations! [About TrianaToday’s New World is Virtual. Triana will be the Leader of its Discovery.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/about-page-twitter-banner-1.png)](https://www.triana.media/about/) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- ### How to Dissolve a Black Market Worth Billions URL: https://www.triana.media/nfts-sneaker-black-market/ Last updated: 2025-04-10T21:55:46.000Z Since Nike's 1984 signing of Michael Jordan birthed the modern sneaker industry—known for a [$6 billion resale industry](https://www.euronews.com/next/2022/10/12/sneaker-stocks-and-luxury-resale-stores-boost-footwear-market?ref=triana.media#:~:text=The%20resale%20market%2C%20where%20collectors,representing%20around%20%246%20billion%20globally.) (expected to [grow to $30 billion](https://www.foxbusiness.com/retail/entrepreneurs-make-billions-sneark-resale-market-build-collectible-kicks-empire?ref=triana.media) by 2030)—sneakers have been on a collision course with Web3. As the industry has rapidly grown during the past decade, the number of fanatical collectors, known as "Sneakerheads," has exploded. The most dedicated have used the industry's growth as an opportunity to become entrepreneurs, turning their passion into a full-time job. Some have elected to start sneaker reselling businesses, primarily online as an individual or as a brick-and-mortar location with a team on staff. Others have become online content creators focused on reviews and other sneaker content, started sneaker cleaning product companies, built custom sneaker design studios, and much more. ![](https://images.unsplash.com/photo-1625697501174-93bdbf1b280c?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=MnwxMTc3M3wwfDF8c2VhcmNofDEyfHxkaW9yfGVufDB8fHx8MTY3OTY5NTEzMg&ixlib=rb-4.0.3&q=80&w=2000) Photo by [Keenan Beasley](https://unsplash.com/@keenanbeasley?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) / [Unsplash](https://unsplash.com/?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) Whether a sneaker industry participant earns millions of dollars in profit per year or is simply someone with a couple of pairs of rare Air Jordans, everyone is linked together by one shared problem: the counterfeit sneaker epidemic. This problem is the catalyst that will ultimately bring about the propagation of Web3 technology across the entire industry and lead to a new golden era for collectors, entrepreneurs, and average fans alike. --- # No One Likes Fake Shoes ![](https://images.unsplash.com/photo-1587855049254-351f4e55fe2a?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=MnwxMTc3M3wwfDF8c2VhcmNofDI0fHx5ZWV6eXxlbnwwfHx8fDE2Nzk2OTIwMjI&ixlib=rb-4.0.3&q=80&w=2000) Photo by [Diego Jaramillo](https://unsplash.com/@diegojara%5F0?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) / [Unsplash](https://unsplash.com/?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) With the meteoric rise of rare sneaker secondary market prices, people are highly incentivized to attempt to sell fake sneakers (which look and feel realer than ever before) at authentic sneaker prices to pocket a huge take-home profit. As a sneakerhead myself, the thought of spending hard-earned money on an epic pair of shoes that turn out to be fake is agonizing. My fear, shared by many sneakerheads globally, led to the rise of companies like [StockX](https://stockx.com/about/verification/?ref=triana.media) in 2015 and services like eBay's "[Authenticity Guarantee](https://www.theverge.com/2020/10/13/21514028/ebay-sneaker-con-authentication-100-guarantee-fake-counterfeit-limited-edition?ref=triana.media)" in 2020\. While these services provide some degree of peace of mind to purchasers with the guarantee of authenticity, they're far from foolproof solutions. Complaints of fakes slipping through the verification process are posted online on a weekly basis. Not only does the counterfeit sneaker epidemic hurt the end consumer, it also hurts small businesses that lose revenue. Picture this: a person buys a pair of $1,200 Nike's from Sneaker Store XYZ. A week later, they visit the store to "return" the sneakers but have replaced the pair of legit kicks with a replica. Sneaker Store XYZ accepts the return, and upon trying to sell them three weeks later to a savvy sneakerhead that identifies the shoes as fake, loses out on hundreds of dollars of revenue because they had no true way to verify that the returned shoes were the original. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/03/sneaker-fakes.PNG) YouTube Videos Featuring Content Creators Selling Fake Shoes to Stores Unfortunately, situations like the one I described are common in the sneaker industry. Today, the only way for an individual to be 100% certain that their shoes are authentic is to purchase them directly from the manufacturer. For the most desired shoes, because of extreme demand and drops overrun by bots, this is nearly impossible for the average sneakerhead to do in many situations. *What is the industry to do? What solution needs to be implemented to eliminate the constant state of paranoia that sneakerheads live in?* Enter Web3. # Web3 is a Paradigm Shift for The Sneaker Industry ![](https://images.unsplash.com/photo-1588273566196-1806ae82a07b?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=MnwxMTc3M3wwfDF8c2VhcmNofDEwN3x8c25lYWtlcnxlbnwwfHx8fDE2Nzk2OTQ4MTg&ixlib=rb-4.0.3&q=80&w=2000) Photo by [Erik Mclean](https://unsplash.com/@introspectivedsgn?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) / [Unsplash](https://unsplash.com/?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) [NFTs](https://www.forbes.com/advisor/investing/cryptocurrency/nft-non-fungible-token/?ref=triana.media) are one of the core, most front-facing technologies of Web3 and are the first collectible in history that can not be faked. Without getting too technical, each NFT in existence shows 100% verifiable proof of authenticity and ownership. It would be impossible for someone to take a rare, sought-after NFT (like an [Azuki worth over $20,000](https://opensea.io/assets/ethereum/0xed5af388653567af2f388e6224dc7c4b3241c544/5789?ref=triana.media)) and make a counterfeit replica that can pass as the real deal and sell. This inherent feature of NFTs makes integrating the technology with sneakers incredibly attractive. Using [NFC chips](https://www.androidauthority.com/what-is-nfc-270730/?ref=triana.media)—tiny, incredibly versatile devices that can be sewn into clothing, hidden inside sneakers, etc.—NFTs can be linked to any physical item to provide a predetermined digital experience to anyone who scans the device with their phone. The user experience is almost identical to what people have become accustomed to with QR codes. ![NFC Chip](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/03/nfc-chip.jpg) NFC Chip In the case of irrefutably authenticating sneakers, this means that if companies like Nike include built-in NFC chips with their shoes, all they have to do to get started is create an accompanying NFT that serves as the physical item's digital counterpart. Next, they'll simply link the NFC chip to the NFT to ensure consumers' ability to verify each pair's authenticity in perpetuity. This NFT can then be viewed by anyone who scans the shoe; they'll be greeted with the following information if the shoe is authentic: - The NFT linked to the NFC chip was created by the verified manufacturer (Nike, Adidas, Yeezy, etc.) - The NFT is owned by the person who owns the shoe. With both boxes ticked and a legit digital-physical link established, the scanner can have absolute confidence that the shoes are the real deal. Nike Implementation of NFC Chips If we break this down to its core, NFTs essentially enable sneakers to permanently have a digital receipt attached to them that can't be modified or replicated. From a reselling perspective, selling physical sneakers paired with their NFT counterparts will become the new standard, as it's the only way to undeniably prove authenticity. The great news is that this technology is already being rolled out. Even better news: this goes beyond just authenticity. NFT-linked NFC chips can grant access to exclusive events, rewards from participating brands, and much more. Today, [Nike's RTFKT](https://rtfkt.com/faq/rtfkt-wm-chip?ref=triana.media), as well as [Anybodies](https://www.triana.media/deep-dive-anybodies/), are the two standout NFT projects that are pioneering these use cases and driving progress forward. # It's Not Just Sneakers ![](https://images.unsplash.com/photo-1526743655626-e3d757b13d61?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=MnwxMTc3M3wwfDF8c2VhcmNofDE0fHxyb2xleHxlbnwwfHx8fDE2Nzk2OTQxOTM&ixlib=rb-4.0.3&q=80&w=2000) Photo by [Christian Wiediger](https://unsplash.com/@christianw?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) / [Unsplash](https://unsplash.com/?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) NFTs have the power to bring huge change to the sneaker black market, but that's only one piece of a very large pie. According to [The Economist](https://www.youtube.com/watch?v=4cyqL8OTMXc&ref=triana.media), footwear accounts for 20% of the value of all counterfeit goods in a global market worth over $500 billion and rising. Watches, purses, fashion clothing, and so much more are all included in that market. As the NFC and NFT technologies continue to propagate across the world, be on the lookout for new ways they're used to verify other often-counterfeited goods. When we consider the future advancements of this technology, especially once AR becomes a global phenomenon with the launch of Apple's upcoming [AR Glasses](https://www.triana.media/deep-dive-apple-vr-ar/), it's easy to imagine a world where counterfeit sneakers and other goods are instantly recognizable, causing the black market that spreads them across the world to shrink to insignificance. Imagine walking through downtown Chicago while wearing your AR Glasses. You see someone with the newest pair of Yeezys... ![](https://images.unsplash.com/photo-1515110371136-7e393289662c?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=MnwxMTc3M3wwfDF8c2VhcmNofDE2fHx5ZWV6eXxlbnwwfHx8fDE2Nzk4NjUzMTQ&ixlib=rb-4.0.3&q=80&w=2000) Photo by [Adam Le Sommer](https://unsplash.com/@adamls?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) / [Unsplash](https://unsplash.com/?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) *Did those already come out?* Your glasses scan the chip embedded in the sneakers and a prompt appears on your HUD, identifying them. **Brand - Yeezyy | Model - 1250 | Asking Price - $750.00** *Hmm, the brand is "Yeezyy" instead of "Yeezy", and there's no verification badge. Those are fake!* You check your phone and realize that the shoes actually come out in two days. There's still time to buy the official Yeezy 1250 NFT that guarantees access to the sneaker drop (with NFTs, say goodbye to botted sneaker drops). You navigate to a marketplace and buy the NFT. Just like that, in five minutes, you verified someone was wearing fake sneakers and then guaranteed yourself access to the real deal. You laugh as you remember the days when you'd pray to get a "Got 'em" message on the Nike SNKRS app, only to be disappointed so many times. That's the power of Web3\. That's the reality we are heading towards. --- # **Join Triana** ‌Enjoy the article? Make sure to subscribe to stay up to date on our latest stories. If this is your first Triana experience, head over to our [About page](https://www.triana.media/about/) to learn more about the content we publish every week. Follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) and [LinkedIn](https://www.linkedin.com/company/trianaofficial/?ref=triana.media) to become a part of our community and join in on the conversations! [About TrianaToday’s New World is Virtual. Triana will be the Leader of its Discovery.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/about-page-twitter-banner-1.png)](https://www.triana.media/about/) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- ### Anybodies Now Primed to Onboard Millions To Solana URL: https://www.triana.media/anybodies-platform/ Last updated: 2023-11-29T17:32:54.000Z --- > "The original pitch of Anybodies was 'imagine having lifetime, guaranteed access to an Off-White drop.' Imagine doing that, but not just for Off-White, we're doing it for every possible company out there. It creates a fly-wheel effect. The more companies that sign up and brands we bring on, and artists we bring on, the more utility and value gets driven back to the holders. The holders of Anybodies OG collection will always be top priority in terms of value driven back. That is always our number one goal, but in a sustainable way. We're not into that whole random hype cycle type thing. We're trying to build real shit here.” - **Elli De Gouveia, Co-Founder and CEO at Anybodies** [Deep Dive: AnybodiesLooking for Solana’s next top NFT project? The search ends at Anybodies—this is your comprehensive guide.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/cover-image.598d8c18b610a9d70849-2.gif)](https://www.triana.media/deep-dive-anybodies/) --- # Flying under the Radar, for Now "They all need users. It's very hard to get users," [Elli De Gouveia](https://twitter.com/ellihandro?ref=triana.media), Co-Founder and CEO of [Anybodies](https://twitter.com/AnybodiesNFT?ref=triana.media), told a small crowd of listeners [on Twitter Spaces](https://twitter.com/i/spaces/1yNxaNXqendKj?s=20&ref=triana.media) celebrating the launch of the Anybodies platform. "We are the source of players. We're the source of new users." **It’s very hard to get users.** Large tech corporations, video game developers, hip-hop producers, celebrities, and NFT projects are all on the quest to build a larger audience of users (i.e. fans, listeners, members, customers, players, etc.). User acquisition—the art of getting new users—is an incredibly competitive environment today that touches every industry in the world. It’s expensive, and it continues to get more difficult as attention spans decline in tandem with social media companies continuing to optimize for short-form content. User acquisition is the problem that Anybodies, an NFT project transformed into a promising tech company, is working to solve. The project comes from humble origins, taking 18 days to fully mint and not seeing any real moment in the spotlight of web3 until they launched the official [Toys "R" Us NFT collection](https://magiceden.io/marketplace/toys%5Fr%5Fus?ref=triana.media) in December 2022. The solution comes in the form of the newly launched [Anybodies platform](https://anybodies.io/?ref=triana.media), a novel SAAS product that aims to serve as the mesh between the world's largest brands and their users. > **"This is a fully platformized solution. We call it the Rewards Engine. Anyone can take it and put it into their game, or their platform. It'll seamlessly work with their entire tech stack."** Imagine rewards programs, retail merchandise purchases, NFT holder benefits, and in-game purchases all running, either directly or indirectly, through the platform. Rewards will be permissionless to use, opening the door to practically endless possibilities of what they can be used for. A user could hypothetically earn rewards points at Delta Airlines and sell them on a natively-integrated marketplace, or even perhaps swap them for Starbucks or Amazon points. > Meet the new Anybodies Platform [pic.twitter.com/DkY78uufbF](https://t.co/DkY78uufbF?ref=triana.media) > > — ANYBODIES (@AnybodiesNFT) [April 21, 2023](https://twitter.com/AnybodiesNFT/status/1649488174421364743?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) For the first time in history, top-charting artists will be able to clearly identify their most loyal fans and reward them in special ways. Brand rewards points will transact through their own ecosystem instead of being permanently linked to an individual. Users will be able to build meaningful relationships with brands like never before. This platform, rumored to already have deals locked in with many globally influential established brands, is primed to onboard millions of people to the world of web3 through its frictionless experience that solves a genuine need in the real world. > "The ultimate goal is how can we onboard the masses and take NFTs to the next level." The future is here, and consumers are ready for it. Elli agrees, noting that consumers are increasingly asking brands: “What’s in it for me?” when considering purchases. This is naturally leading to better rewards programs and more incentives being pushed to people viewed as prospects, which shines a bigger spotlight on many of the issues with today's rewards programs and the poor infrastructure they run on. Today, the way companies have to set up rewards programs is clunky. It takes a long time and a big budget for companies to set up joint promotions, users aren't able to transfer points, and there's no central hub for users to easily manage their rewards programs across various brands. The Anybodies platform eliminates all of these issues, enabling brands to provide rewards to their consumers in novel ways impossible without the use of underlying blockchain technology. [TrianaTriana is a curated Web3 newsletter delivering key crypto, NFT, and metaverse news and research to your inbox.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaAuthor - Bart Hillerich![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/03/about-page-twitter-banner-1.png)](https://www.triana.media/#/portal/) Subscribe to Triana # Real Products are Key Aside from the NFT projects that believe creating plushy toys alone is the path to creating a globally prominent brand with staying power (it's not), very few teams are focused on leveraging real products to grow and drive revenue. Anybodies is one of them. The team, despite its decision six months ago to pivot from focusing 100% on fashion towards the subject of this article, is still incredibly bullish on physical-digital ("phygital") linked products. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/05/tay-keith-test.jpeg) Anybodies x Tay Keith Redeemable-Enabled Sweater By working with partners to launch phygital products, Anybodies is able to provide customers an added benefit with each product they purchase; one that incentives them to play a new game, subscribe to a brand's rewards program, etc. The power that Anybodies has by positioning itself as the mesh between physical products and their linked "digital twin" is that the project can now direct user traffic to the highest bidder willing to pay to acquire that customer. If we break it down, the Anybodies platform is, in a way, aiming to be a new-age blockchain-powered version of Google Ads where companies are able to bid for access to new potential users. Here's how it works in practice: Imagine purchasing a giraffe toy from Toys "R" Us for a child. The toy comes with a linked digital twin, making the product a "redeemable-enabled product," as Elli calls it. The digital twin is an NFT that could be used for any number of things, including in-game use across games with economies powered by the Anybodies Platform. Upon tapping/scanning the giraffe to gain access to the digital twin, the purchaser is brought to a web3-powered video game that enables players to use the digital giraffe as an avatar. > "If Anybodies is onboarding millions of users into these games, we're in a very strong position in Web3\. Ultimately gaming plays a big part of this narrative of NFTs being successful. When gaming succeeds, we'll be at the forefront at that." Across its different partners, Anybodies plans on eventually releasing millions of these redeemable-enabled products yearly, and the team will generate revenue with its ability to decide where purchasers are led upon tapping/scanning the product. It all comes back to user acquisition. Any company will have the ability to bid on redeemable-enabled products, with the winners being able to direct purchasers of the products to their game, website, virtual experience, content, social media page, etc. Notably, bids will be in the [Anybodies STYLE token](https://coinmarketcap.com/currencies/style/?ref=triana.media), establishing a clear use case and buying pressure for the token that powers the entire Anybodies ecosystem. # The Path to Global Prominence Runs Through Web2 In 2023, only about [6,000 unique purchasers are interacting with NFTs](https://www.demandsage.com/nft-statistics/?ref=triana.media#:~:text=Over%2012%2C000%20NFT%20sales%20occur,as%20approximately%206%2C000%20unique%20purchasers.) on any given day. That is a tiny audience. To scale a globally relevant company from within web3 and become a household name, there simply isn't a large enough consumer base to leverage—teams must look beyond the confines of web3 and work to solve problems that everyone, not just NFT fanatics, can relate to. Although this growth path is entirely logical, Anybodies is one of the only web3-native projects actually prioritizing it with a real product designed to cater to a widespread, global audience. > "The vision is there. The product is there. The overall goal here is to become the bridge of Web2 into Web3 in a very seamless way that's familiar." The entire Anybodies platform, from the ground up, has been developed with "normies" (people unfamiliar with crypto, web3, etc.) in mind. According to Elli, this took rethinking the crypto narrative at every level of the project, and part of the inspiration to do so came from one of their 2022 drops. ![Anybodies NFT Rewards Platform](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/05/anybodies-platform.PNG) Visit the platform at Anybodies.io When Anybodies launched their [Tay Keith collaboration drop](https://magiceden.io/marketplace/tay%5Fkeith?ref=triana.media), the main feedback they received was that Tay Keith didn't post much about it. *Why didn't he?* The Anybodies team realized that Tay Keith's audience isn't a bunch of crypto-natives. If he told his fans to go create a wallet and stake their NFTs to earn rewards, no one would have a clue what he's talking about. This realization, among many others acquired by deeply considering the needs of regular people around the world, led to a number of key features being implemented into the Anybodies platform: 1. "Staking" is now "Subscribing" 2. [Magic Wallet](https://magic.link/?ref=triana.media) is being used to enable users to log in with a phone number, email, etc. This solves the friction that web3 wallets add to user experiences integrated with blockchain technology. 3. When users claim rewards, they'll be able to save them to their Apple or Google wallets. 4. A subscriptions tab is on the left-hand side of the platform like YouTube, something everyone will be familiar with. 5. There will be a marketplace element to the platform that will be able to speak to a Shopify store and Salesforce because "most of the world uses Salesforce, or Shopify, or WordPress, so why reinvent the wheel?" These types of features contribute greatly to providing a seamless experience for people, most of whom won't even realize blockchain transactions are occurring while using the platform. # How Do Anybodies OG NFTs Fit into the Equation? At their core, a large percentage of NFTs in existence are simply membership tokens. Unlike digital art and NFT-powered gaming assets, these NFTs derive their value from what owners gain by holding them. In this category of NFT, we’ve only just begun to see the surface scratched. The overwhelming majority of NFT holder utility has been very cookie-cutter in nature. Holders gain access to a new NFT collection, can stake their NFTs for a utility token, are permitted entrance into parties, etc. It's very underwhelming when we think about the real-world value being provided, especially when considering the top projects that have raised tens of millions of dollars. With the Anybodies Platform now live, the [Anybodies OG collection](https://magiceden.io/marketplace/anybodies?ref=triana.media) (current floor price: 9 SOL, \~ $180) is ready to rise above the rest and demonstrate the true power of holder rewards. > "Anybodies holders will have the most powerful subscription program out there because we have access to all these rewards and features." Once in a more mature form, the Anybodies Platform will be bringing millions of people into the Solana ecosystem daily and host the rewards programs of brands from around the world. While other NFTs integrated with the Anybodies Platform will provide utility that is specific to their ecosystem/community, Anybodies OG NFTs will act as somewhat of an all-access pass and have the power to earn rewards from across the entire ecosystem. ![Anybodies NFT](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/05/Anybody--1004.jpeg) Anybody #1004 Imagine Lil Wayne activates on the Anybodies Platform and decides to give out free concert tickets to his most loyal, highest-tier fans. While the exact mechanics haven't been fully confirmed, in theory, holding an Anybodies OG could enable you to skip the line and become the highest tier automatically. Concert tickets secured! That goes for other Anybodies Platform-powered subscriptions as well, whether it be (hypothetically) Lululemon, Yeezy, Uber, MrBeast, etc. > "It could be that this partnership is launching 10,000 very collectible sneakers and they're doing it through our Rewards Engine. We'll say part of that cost is that 10% needs to be reserved for us to do our own marketing, and that goes to you guys \[holders\]. There are so many ways for us to do cool shit, it's literally limitless. 2023's big focus is retail and music." It is undeniable. **No other NFT in the world is providing holders this level of utility.** The future of the project, and the Solana ecosystem along with it, has never been brighter. --- # Learn More This article was inspired by the [Twitter Spaces](https://twitter.com/i/spaces/1yNxaNXqendKj?s=20&ref=triana.media) hosted by the Anybodies team upon the launch of the Anybodies Platform. Below is an overview of timestamps that you can use to learn more about any topic you've just read about and more. **5:25 -** Anybodies Platform video background **5:45 -** Introduction to the high-level of the release **6:15 -** Rethinking the crypto narrative to onboard "normies" **9:30 -** Platform design inspiration **10:25 -** The ultimate goal of Anybodies and platform release phases **11:20 -** Apple and Google Pay **12:50 -** The Rewards Engine is a fully platformized solution **13:25 -** Interoperability of permissionless rewards **14:00 -** Anybodies gaming **15:15 -** The vision for onboarding users to platform partners with phygital products **17:25 -** Exclusive distribution channels for Anybodies holders **17:50 -** Anybodies gaming position and esports acquisition **18:50 -** Roblox integration for Toys "R" Us NFTs **19:30 -** How STYLE token fits into the ecosystem **21:55 -** Google Ads analogy and how Anybodies is the source of new users **23:35 -** Onboarding users to STYLE to increase holder count **24:30 -** Potential change to STYLE token name **25:15 -** Q&A begins **25:40 -** Will there be an Anybodies marketplace? **28:15 -** What are the use cases of the digital twin of physical products? **29:30 -** Where does the buy pressure come for STYLE? **34:40 -** Are burning mechanics being used? **35:25 -** Is there going to be a wallet integrated into the website, and is the asset in your Apple Wallet linked to an NFT? **38:43 -** How much STYLE will Toys "R" Us NFTs get via subscribing? **40:00 -** Will STYLE be purchasable on the platform? **41:52 -** Can you speak to the Anybodies holders affiliate program? **43:26 -** Are there any benefits not available on the site if you do not own an Anybodies NFT? --- # **Join Triana** [![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/Subscribe-to-Triana.png)](https://www.triana.media/about/#/portal/) ‌Enjoy the article? Make sure to [subscribe to Triana](https://www.triana.media/#/portal/) to stay up to date on all things Web3, tech, and gaming. If this is your first Triana experience, head over to our [About page](https://www.triana.media/about/) to learn more about the content we publish every week. Follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) and [LinkedIn](https://www.linkedin.com/company/trianaofficial/?ref=triana.media) to become a part of our community and join in on the conversations! [About TrianaToday’s New World is Virtual. Triana will be the Leader of its Discovery.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/about-page-twitter-banner-1.png)](https://www.triana.media/about/) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- ### Deep Dive: MUPPETH URL: https://www.triana.media/deep-dive-mup/ Last updated: 2023-12-20T12:57:47.000Z We're beginning to sense what has the inklings to become the next viral movement in Web3\. A project so immediately intriguing, both in design and in messaging, that we simply had to write about it. **Introducing the worst community on the internet.** This is everything you need to know about MUPPETH. # Summary ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/04/IMG_1345-1.jpg) [Twitter](https://twitter.com/TheMuppethShow?ref=triana.media) [Website](https://muppeth.com/?ref=triana.media) [OpenSea](https://opensea.io/collection/muppethclub?ref=triana.media) [Discord](https://t.co/FuPDzuYHvG?ref=triana.media) (join and verify to get the @Dumbass role, for real) Still unrevealed, MUPPETH has captured the attention of the Web3 community like very few projects before it. There's no engagement farming. No big promises of utility or holder benefits. All MUPPETH has done is preview art and build a grassroots movement centered around one core message: this is going to be the worst NFT project ever and it's going to zero. **Wait, what?** That's right. If you check out the project's Twitter post replies, it's full of people FUDing the project into the ground. But that's the entire point. > Arts trash. Def going to 0 😂😂 > > — Kingjustinlee.eth (@Kingjustinlee) [April 19, 2023](https://twitter.com/Kingjustinlee/status/1648733329531994113?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) The rallying cry of this project, and all of the marketing centered around it, is genius, quite frankly. It stands out immediately and pulls people in. It demands attention. If you check out the project's roadmap, you'll see promises like "Place our liquidity in banks that'll go bankrupt in 6 months," and "Announce events and then cancel them." **It's funny. It's viral. It's must-watch.** So, who's behind all of this? [Samy LaCrapule](https://twitter.com/samylacrapule?ref=triana.media) \- Co-Founder, Artist [Jojo](https://twitter.com/JojoLaPano?ref=triana.media) \- Co-Founder, Strategy [Dadi](https://twitter.com/DadiFromNowhere?ref=triana.media) \- Communication and Marketing Fueled by the art of SuperRare artist Samy LaCrapule—a Paris-based artist, designer, and director who has [worked with Adidas, Audemars Piguet, Vogue, and many more](https://samylacrapule.com/about/?ref=triana.media)—the MUPPETH team is focused on bringing together the world of fashion and Web3. That's pretty much all we know about the direction of the project at this point. And yes, in case you were wondering, the team participates in the FUD as well. > The people behind this project are tryna create fomo and be weird so people can think they’re real artists. In reality they’re just tryna be different to gain popularity in this over saturated bullshit space. I’ll bet my dick and balls this project is at 0.01 by end of April. > > — Dadi (@DadiFromNowhere) [April 20, 2023](https://twitter.com/DadiFromNowhere/status/1649130663889567748?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) # Collection ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/04/Chocolatier-embroidery.jpeg) MUPPETH has kicked off its Web3 journey on April 16th with a collection of 6,966 NFTs with a very unique art style. Like the marketing and communications strategy, it immediately stands out from everything we've seen in Web3 and is entirely unforgettable. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/04/character-going-to-zero.jpeg) "These are not 1/1s." The collection features ten characters, each with 15 unique hairstyles. 80 different skins, eight poses, and three camera angles will be used to generate the final PFP images of the collection. Today, there is no sense of what these NFTs will provide holders, but that's precisely by design. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/04/Muppeth_wall_process.png) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/04/Composition_texture_1.png) With holders of MUPPETH NFTs maintaining zero expectations and locked in on the mission of going to zero, it feels like something extraordinary is destined to happen. In this very unique scenario, just one big, bullish announcement could have the power to send off some serious fireworks in the secondary markets. What could it be? Is MUPPETH hiding something? **We have an insane theory to share with you.** # Something Big Must Be Coming, Right? _This post is for subscribers only._ ### Triana Weekly #15: Another Black Swan URL: https://www.triana.media/triana-weekly-15/ Last updated: 2026-01-14T22:07:56.000Z Once again, things have gone terribly, terribly wrong. _This post is for subscribers only._ ### Triana Weekly #14: Moonbirds Continues to Crumble URL: https://www.triana.media/triana-weekly/ Last updated: 2026-01-14T22:07:31.000Z Are we watching Moonbirds slow-rug in real time? _This post is for subscribers only._ ### How to Maximize Points in KPR's Citizenship Experience URL: https://www.triana.media/kpr-points-guide/ Last updated: 2024-01-13T20:25:02.000Z What do you get when you combine an award-winning website, well-thought-out lore, and a quest system leading to epic rewards? An immediately gripping Web3 experience that makes acquiring Digital Collectibles suddenly feel refreshing and incredibly fun again. KPR has launched an incredible [holder-exclusive experience](https://twitter.com/KPRVERSE/status/1628092316182368257?s=20&ref=triana.media) that is the project's newest demonstration of world-class quality, an established norm that the community has come to expect since the collection minted in early November of last year. In centering this experience around the emerging revolution of digital identity (incredible article exploring this concept [here](https://www.zine.live/zns-identity-and-property-in-the-metaverse/?ref=triana.media)) and gamifying the collecting experience to prioritize fun instead of unengaging, boring metrics like floor price, the KPR team is making a move that has virality and buying pressure inherently baked into it while also establishing the base-level framework needed to effectively integrate holders into the metaverse [once it becomes a reality](https://hackernoon.com/the-metaverse-is-not-real-yet?ref=triana.media). There's a lesson here that many other projects should take in stride and work to implement: focus on fun and experience first, and as a result, the growth will occur naturally and seem effortless. > If BAYC or any of the other blue-chip projects released the holder experience that KPR just released today, the entire Web3 community would be going absolutely nuts. This is best-in-industry-level stuff already at only day 1, seriously. > > Check it out 👇[https://t.co/e4M1qEkxfl](https://t.co/e4M1qEkxfl?ref=triana.media) [pic.twitter.com/YMNCoA3t0z](https://t.co/YMNCoA3t0z?ref=triana.media) > > — Bart (@bart\_hillerich) [February 22, 2023](https://twitter.com/bart%5Fhillerich/status/1628216212097228802?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Before we get started on the basics of this new gamified experience and then explore how to maximize points, if you're new to KPR, be sure to check out our project Deep Dive to get up to speed on the ins and outs of the project. [Deep Dive: KPRTake a journey through the inner-workings of KPR, one of the most exciting NFT projects to emerge in 2022.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/11/Group-19-3.png)](https://www.triana.media/deep-dive-kpr/) --- # Marks, Badges, & Points ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/KPR-Mark.PNG) "Storia Obscura" Epic Mark KPR's new system is built on a trinity of core components: badges, marks, and points. Each plays a pivotal role in maximizing the benefits of being a KPR holder and will unlock access to a variety of experiences and rewards. ### Marks Marks can be thought of as achievements earned by completing quests. Ranging from common to legendary, each offers a different completion reward depending on the level of difficulty. Marks are based on wallet content and KPR traits; if a KPR collectible is moved or sold to a different wallet, marks can be lost if another Keeper isn’t held which fulfills the same requirements. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/image-7.png) Acquired Badges ### Badges Badges are achievements awarded to users based on their participation in the KPR ecosystem and are not removed if a KPR collectible is moved or sold to a different wallet. Badges are bound to a specific wallet and are not transferable. > // PIONEER > > To celebrate the opening of New Eden, KPR's can earn a limited edition LEGENDARY Pioneer Badge. > > To qualify: > • Delist your KPR > • Create a citizenship profile before 03/10/23 > • Share profile on Twitter with [#KPRCITIZEN](https://twitter.com/hashtag/KPRCITIZEN?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=triana.media) > • Profile remains activated beyond 03/24/23 [pic.twitter.com/LhRK0tVZcn](https://t.co/LhRK0tVZcn?ref=triana.media) > > — KPR (@KPRVERSE) [February 23, 2023](https://twitter.com/KPRVERSE/status/1628802033133264897?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Key Clarification: "Delist your KPR" refers the Keeper being used for your citizenship profile, not all of your Keepers. ### Points If we're completing quests, we obviously need a way to keep score, right? Points are KPR's way of (at the most base level) rewarding holders for completing marks. These points are shown publicly on each holder's citizen profile page, and there have been hints that a leaderboard is on the way. Bring on the competition! --- # Sector 1 ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/sector-1-kpr.PNG) In the journey to catch 'em all, we begin with Sector 1 where 20 marks are up for grabs. We have been reassured that there will be lots of additional Sectors in the future; they will be made available as the world is co-created and new content is published. ## Common **Keeper (5 Points) - Hold at least one organic Keepers.** Of the 10,000 Keepers in existence, 100 are holo, and the rest are organic. Simply[ acquire one organic Keeper](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Entity&search[stringTraits][0][values][0]=Organic&ref=triana.media) to complete this mark. This will be step 1 for 99.99% of people entering the KPR ecosystem; welcome to New Eden! **Pamp Fan (10 Points) - Hold at least one Keeper with 1 Pamp trait.** There are four Pamp traits in the KPR collection: [Pamp Ushanka](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Headgear&search[stringTraits][0][values][0]=Pamp%20Ushanka&ref=triana.media), [Proof of Pamp](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Headgear&search[stringTraits][0][values][0]=Proof%20of%20Pamp&ref=triana.media),[ Pamp Jacket](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Outerwear&search[stringTraits][0][values][0]=Pamp%20Jacket&ref=triana.media), and [!Pamp](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Special&search[stringTraits][0][values][0]=%21Pamp&ref=triana.media). Acquire a Keeper with one of these traits to complete the mark. **Marked (15 Points) - Hold at least 1 Keeper with a normal tattoo.** There are two categories of tattoos in the KPR collection: luminar and non-luminar, or "normal." [Acquire a Keeper with a non-luminar tattoo](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Tattoo&search[stringTraits][0][values][0]=Sunburst%20Luminar&search[stringTraits][0][values][1]=Trinal%20Luminar&search[stringTraits][0][values][2]=Serpent%20Luminar&ref=triana.media) to complete this mark. **Keeper II (15 Points) - Hold at least three organic Keepers.** Simply [acquire three organic Keepers](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Entity&search[stringTraits][0][values][0]=Organic&ref=triana.media) to complete this mark.**Weapon Ready (10 Points) - Hold at least one Keeper with any "Special" trait.** 47 different special traits are spread across thousands of Keepers to choose from.[ Acquire a Keeper with a special trait](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Tattoo&search[stringTraits][0][values][0]=Sunburst%20Luminar&search[stringTraits][0][values][1]=Trinal%20Luminar&search[stringTraits][0][values][2]=Serpent%20Luminar&ref=triana.media) to complete this mark. ## Rare **Foodie (20 Points) - Hold one food-related and one drink-related trait.** New Eden is home to two known food-related companies; Boon is a fast-food chain famous for their noodles, and Neon is a luxury sushi restaurant. To complete this mark, acquire one Keeper with the [takeout](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Special&search[stringTraits][0][values][0]=Takeout&ref=triana.media) trait, and one with the [soda](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Special&search[stringTraits][0][values][0]=Soda&ref=triana.media) trait. Ignore other traits like [BOON beanie](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Headgear&search[stringTraits][0][values][0]=BOON%20Beanie&ref=triana.media) and [lollipop](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Special&search[stringTraits][0][values][0]=Lollipop&ref=triana.media), only takeout and soda count for this mark. **Keeper III (30 Points) - Hold at least five organic Keepers.** [Acquire five organic Keepers](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Entity&search[stringTraits][0][values][0]=Organic&ref=triana.media) to complete this mark. **Spirit of Animus (30 Points) - Hold at least one Keeper accompanied by an Animus Spirit. faceless, irondog, and sentry.** There are three categories of Animus spirit in the collection: [faceless](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Headgear&search[stringTraits][0][values][0]=24K%20Faceless&search[stringTraits][0][values][1]=Defiled%20Faceless&search[stringTraits][0][values][2]=Kromatik%20Faceless&search[stringTraits][0][values][3]=Revenant%20Faceless&ref=triana.media), [irondog](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Headgear&search[stringTraits][0][values][0]=Defiled%20Irondog&search[stringTraits][0][values][1]=Kromatik%20Irondog&search[stringTraits][0][values][2]=Revenant%20Irondog&ref=triana.media), and[ sentry](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Headgear&search[stringTraits][0][values][0]=Sentry&ref=triana.media). Acquire a Keeper with a trait in one of those categories to complete this mark. **Serpent Guardian (30 Points) - Hold at least one Keeper with serpent affinity.** Serpents, of which there are four types, are some of the most recognizable and beloved traits in the entire KPR collection. [Acquire a Keeper with one of them](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Special&search[stringTraits][0][values][0]=Helena%27s%20Serpent&search[stringTraits][0][values][1]=Revenant%20Serpent&search[stringTraits][0][values][2]=Defiled%20Serpent&search[stringTraits][0][values][3]=Astral%20Serpent&ref=triana.media) to complete this mark. ## Epic **Pamp Pro (30 Points) - Hold at least one Keeper with two Pamp traits.** There are four Pamp traits in the KPR collection. One is a special ([!Pamp](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Special&search[stringTraits][0][values][0]=%21Pamp&ref=triana.media)), one is an outerwear ([Pamp jacket](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Outerwear&search[stringTraits][0][values][0]=Pamp%20Jacket&ref=triana.media)), and two are headgear ([Pamp ushanka](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Headgear&search[stringTraits][0][values][0]=Pamp%20Ushanka&ref=triana.media) and [proof of Pamp](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Headgear&search[stringTraits][0][values][0]=Proof%20of%20Pamp&ref=triana.media)). To earn this mark, you must hold a Keeper that has two of the traits; holding two Keepers with one trait each will not satisfy the requirement. **Claymore Gang (30 Points) - Hold at least one Keeper with the Claymore trait.** Like massive swords? Us too! [Acquire a Keeper with a claymore](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Special&search[stringTraits][0][values][0]=Defiled%20Claymore&search[stringTraits][0][values][1]=Molten%20Claymore&ref=triana.media) to complete this mark. **Vanguard Aurum (40 Points) - Hold at least one 24k golden trait.** There are seven 24k golden traits in the collection spread across three categories:[ hand](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Hand&search[stringTraits][0][values][0]=24K%20Charging%20Fist&ref=triana.media), [outerwear](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Outerwear&search[stringTraits][0][values][0]=24K%20Cybernetic%20Brace&search[stringTraits][0][values][1]=24K%20Cybernetic%20Pauldrons&search[stringTraits][0][values][2]=24K%20Inkware%20Parka&search[stringTraits][0][values][3]=24k%20Insignia%20Sweater&ref=triana.media), and [headgear](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Headgear&search[stringTraits][0][values][0]=24K%20Faceless&search[stringTraits][0][values][1]=24k%20Braided%20Hairband&ref=triana.media). Acquire a Keeper with one of the traits to complete this mark. **Storia Obscura (40 Points) - Hold at least one Keeper with hidden lore.** Some Keepers come with hidden lore, the most obvious being all [Helena's Serpent Keepers](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Special&search[stringTraits][0][values][0]=Helena%27s%20Serpent&ref=triana.media). The rest have not been so easy to find and the community is continuing to work through this mark in the [Discord](https://discord.gg/kpr?ref=triana.media). If you've earned this mark, make sure to pop in and share your discovery! **Meow Meow (50 Points) - Hold at least one Keeper with both OwO traits.** OwO traits don't exist separately; they are always found together. [68 Keepers exist](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Special&search[stringTraits][0][values][0]=OwO%20Spirit&search[stringTraits][1][name]=Headgear&search[stringTraits][1][values][0]=OwO%20Spirit%20Ears&ref=triana.media) that have the traits, acquire one to complete this mark. **Keeper IV (75 Points) - Hold at least 10 organic Keepers.** [Acquire 10 organic Keepers](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Entity&search[stringTraits][0][values][0]=Organic&ref=triana.media) to complete this mark. ## Legendary **Keeper Savior (100 Points) - Hold at least 20 organic Keepers.** [Acquire 20 organic Keepers](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Entity&search[stringTraits][0][values][0]=Organic&ref=triana.media) to complete this mark. **Heroes Never Die (100 Points) - Own at least one of the original 40 Keepers.** This is the most mysterious mark of them all, as no one currently knows which Keepers fit the description. The KPR community has been trying to find all 40 since the system went live, make sure to join the [Discord](https://discord.gg/kpr?ref=triana.media)to help with the mission! **Club Holo (125 Points) - Hold at least one Holo Keeper.** Of the 10,000 Keepers in existence, 100 are holo, and the rest are organic. Simply[ acquire one holo KPR](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Entity&search[stringTraits][0][values][0]=Holo&ref=triana.media) to complete this mark. **K0mrads (125 Points) - One K0mrads in the four possible trait categories.** This mark requires owning one k0mrads in each of the following four trait categories: innerwear, outerwear, headgear, and special. Qualifying traits include [kromatic headgear](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Headgear&search[stringTraits][0][values][0]=Kromatik%20Faceless&search[stringTraits][0][values][1]=Kromatik%20Irondog&ref=triana.media), [0day innerwear](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Innerwear&search[stringTraits][0][values][0]=0Day%20Exodermic%20Skinsuit&search[stringTraits][0][values][1]=0Day%20Exodermic%20Torso&search[stringTraits][0][values][2]=0Day%20Exoskeletal%20Bodysuit&ref=triana.media), [molten special](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Special&search[stringTraits][0][values][0]=Molten%20Claymore&search[stringTraits][0][values][1]=Molten%20Ethereal%20Sword&ref=triana.media), revenant [innerwear](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Innerwear&search[stringTraits][0][values][0]=Revenant%20Exodermic%20Skinsuit&search[stringTraits][0][values][1]=Revenant%20Exodermic%20Torso&search[stringTraits][0][values][2]=Revenant%20Exoskeletal%20Bodysuit&ref=triana.media), [headgear](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Headgear&search[stringTraits][0][values][0]=Revenant%20Faceless&search[stringTraits][0][values][1]=Revenant%20Irondog&ref=triana.media),[ ](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Hand&search[stringTraits][0][values][0]=Revenant%20Powerfist&ref=triana.media)or[ special](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Special&search[stringTraits][0][values][0]=Revenant%20Ethereal%20Judgment&search[stringTraits][0][values][1]=Revenant%20Ethereal%20Sword&search[stringTraits][0][values][2]=Revenant%20Serpent&ref=triana.media), astral [headgear](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Headgear&search[stringTraits][0][values][0]=Astral%20Spectral%20Horns&ref=triana.media), [outerwear](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Outerwear&search[stringTraits][0][values][0]=Astral%20Inkware%20Parka&ref=triana.media), or [special](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Special&search[stringTraits][0][values][0]=Astral%20Serpent&ref=triana.media), defiled [innerwear](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Innerwear&search[stringTraits][0][values][0]=Defiled%20Exodermic%20Skinsuit&search[stringTraits][0][values][1]=Defiled%20Exodermic%20Torso&search[stringTraits][0][values][2]=Defiled%20Exoskeletal%20Bodysuit&ref=triana.media), [headgear](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Headgear&search[stringTraits][0][values][0]=Defiled%20Faceless&search[stringTraits][0][values][1]=Defiled%20Irondog&search[stringTraits][0][values][2]=Defiled%20Spectral%20Horns&ref=triana.media), or[ special](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Special&search[stringTraits][0][values][0]=Defiled%20Claymore&search[stringTraits][0][values][1]=Defiled%20Ethereal%20Judgment&search[stringTraits][0][values][2]=Defiled%20Ethereal%20Sword&search[stringTraits][0][values][3]=Defiled%20Serpent&ref=triana.media), and stellar [innerwear](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Innerwear&search[stringTraits][0][values][0]=Stellar%20Exodermic%20Skinsuit&search[stringTraits][0][values][1]=Stellar%20Exodermic%20Torso&ref=triana.media) or [outerwear](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Outerwear&search[stringTraits][0][values][0]=Stellar%20Inkware%20Parka&ref=triana.media). **Pamp Stan (150 Points) - Hold at least one Keeper with 3 Pamp traits.** This mark is worth the most points for good reason—hardly anyone will be able to complete it. There are four Pamp traits in the KPR collection. One is a special ([!Pamp](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Special&search[stringTraits][0][values][0]=%21Pamp&ref=triana.media)), one is an outerwear ([Pamp jacket](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Outerwear&search[stringTraits][0][values][0]=Pamp%20Jacket&ref=triana.media)), and two are headgear ([Pamp ushanka](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Headgear&search[stringTraits][0][values][0]=Pamp%20Ushanka&ref=triana.media) and [proof of Pamp](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Headgear&search[stringTraits][0][values][0]=Proof%20of%20Pamp&ref=triana.media)). That means that to complete this mark, the Keeper must have the !Pamp, Pamp jacket, and one of the Pamp headgear traits. Here are all of the Keepers that fit this profile: !Pamp, Pamp jacket, Pamp ushanka - [Keeper #617](https://opensea.io/assets/ethereum/0x2d33bfe1c867346543ac245396dfc6c3ebc8534f/617?ref=triana.media) !Pamp, Pamp jacket, proof of Pamp\- [Keeper #2779](https://opensea.io/assets/ethereum/0x2d33bfe1c867346543ac245396dfc6c3ebc8534f/2779?ref=triana.media) That's right, there are only two in the entire collection. Congratulations to the current holders of these certified grails, and best of luck to everyone else bidding on them! --- # Maximizing Points ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/KPR-pass.jpeg) To maximize your points per dollar spent, the strategy is very clear: acquire Keepers that fulfill the requirements of multiple marks. Let's go over some examples. [Keeper #2801](https://opensea.io/assets/ethereum/0x2d33bfe1c867346543ac245396dfc6c3ebc8534f/2801?ref=triana.media) has a 0day exodermic skinsuit (fulfills innerwear requirement of the **K0mrads** mark), and a molten claymore (fulfills special requirement of the **K0mrads** mark, completes **Claymore Gang** mark). ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/Keeper-2801-Final.png) Keeper #2801 [Keeper #9968](https://opensea.io/assets/ethereum/0x2d33bfe1c867346543ac245396dfc6c3ebc8534f/9968?ref=triana.media) has an astral inkware parka (fulfills outerwear requirement of the **K0mrads** mark), a takeout special (fulfills food-related requirement of the **Foodie** mark), and a 24k faceless headgear trait (completes **Vanguard Aurum** mark). ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/Keeper-9968-Final.png) Keeper 9968 --- # Additional Key Points ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/kpr-citizenship.jpeg) Aside from targeting Keepers that help fulfill multiple mark requirements simultaneously, allow these tips to help guide your journey to maximizing the points you earn. - Based on points earned by acquiring them, the most valuable traits in the KPR ecosystem are [Holo](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Entity&search[stringTraits][0][values][0]=Holo&ref=triana.media) (125 points) and [Helena's Serpent](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Special&search[stringTraits][0][values][0]=Helena%27s%20Serpent&ref=triana.media) (70 points). This is potentially an early indication of how they may be prioritized moving forward. Be on the lookout for any nice deals that come up! - Go after high-point marks first, as they require the rarest, most in-demand traits to complete. Take the **Claymore Gang** mark, for example. [Claymores](https://opensea.io/collection/kprverse?search[stringTraits][0][name]=Special&search[stringTraits][0][values][0]=Defiled%20Claymore&search[stringTraits][0][values][1]=Molten%20Claymore&ref=triana.media) are some of the most aesthetic and desired traits in the entire collection. Even before marks were available for completion, their floor price was high and very few were listed. With the added demand created by the mark, securing one now is best before listings completely dry up. - Don't forget that this is only Sector 1\. Presumably, more marks will be launched in the future that include traits not included in this first set of 20\. Some traits currently not in high demand could prove to be valuable in the future; now may be your best chance to secure some sweet deals on future points. --- # Looking Forward ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/hero-232--1-.png) The future of KPR has never been brighter. From day 1, the team has been committed to providing a world-class experience for holders, and they have consistently delivered. KPR is Web3's wolf in sheep's clothing; a clear top-tier project that hasn't yet seen its quality reflected in the attention earned and floor price achieved. As more experiences are launched and additional holder rewards are revealed, there's no doubt that the project will continue to ascend toward its rightful position at the top of the Web3 ecosystem. Best of luck to everyone chasing after points, this is only the beginning! --- # Join Triana [![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/Subscribe-to-Triana.png)](https://triana.ghost.io/?ref=triana.media#/portal/) Enjoy the article? Make sure to [subscribe to Triana](https://www.triana.media/#/portal/) to stay up to date on all things Web3, tech, and gaming. If this is your first Triana experience, head over to our [About page](https://www.triana.media/about/) to learn more about the content we publish every week. Follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) to become a part of our community and join in on the conversations! [About TrianaToday’s New World is Virtual. Triana will be the Leader of its Discovery.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/about-page-twitter-banner-1.png)](https://www.triana.media/about/) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- ### Triana Weekly #13: The Fight For Crypto Rights is Here URL: https://www.triana.media/triana-weekly-13/ Last updated: 2026-01-14T21:58:07.000Z Welcome to Triana Weekly! This is your guide to the metaverse; a curated blend of gaming, tech, and Web3 news stories, as well as in-depth research, crypto culture, and market insights. The newsletter is released Saturday morning every week and is free to subscribe to! **In This Issue:** 1. Crypto Rights in America Take a Leap Forward 2. Coinbase Unveils L2 "Base" 3. Blur Founder Doxxes Amid Wash Trading Controversy 4. PROOF Grifting Intensifies 5. Meta Wants Your ID for Verification 6. Research Highlight - Anybodies 7. Tweets of the Week --- # Crypto Rights in America Take a Leap Forward ![Mount Rushmore](https://images.unsplash.com/photo-1506886009355-7f3af05dd5d2?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=MnwxMTc3M3wwfDF8c2VhcmNofDE1fHxhbWVyaWNhfGVufDB8fHx8MTY3NzM0Njk4Ng&ixlib=rb-4.0.3&q=80&w=2000) Photo by [John Bakator](https://unsplash.com/@jxb511?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) / [Unsplash](https://unsplash.com/?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) Much of this year's news regarding crypto regulation has been terribly negative, and among it all, one thing has been very apparent: the United States is falling behind. This week, however, we were greeted with promising signs of progress for the nation's future with two instances of fighting for crypto rights. Here's the rundown. ### Montana - Montana’s state senate passed a bill to protect individuals’ and businesses’ right to engage in cryptocurrency mining. It now must pass in the House and be signed by the governor to become law. - The bill aims to prevent the government from imposing higher electricity rates on crypto miners and imposing additional taxes on cryptocurrencies. - It also seeks to ensure that mining firms can operate in industrial zones, while also ensuring that individual miners can operate in residential areas, so long as there aren’t noise complaints. - The bill passed with 37 votes in favor and 13 votes opposed. - The bill was backed by [Dennis Porter](https://twitter.com/Dennis%5FPorter%5F/status/1628899943091171328?s=20&ref=triana.media), CEO and co-founder of the Satoshi Action Fund. ### CBDCs - US Congressman Tom Emmer, an advocate for defending Bitcoin, has introduced a bill that would prevent the Federal Reserve from [directly issuing a CBDC.](https://bitcoinmagazine.com/legal/legislators-introduce-bill-to-prohibit-creation-of-us-cbdc?utm%5Fsource=substack&utm%5Fmedium=email) - Dubbed the, “CBDC Anti-Surveillance State Act,” the bill has already gained support from several representatives. - The bill is seen as a direct response to the Federal Reserve’s research into creating a CBDC. - Supporters of the crypto industry can view this bill proposal as a significant step in the right direction for standing up to the values of decentralization, and individual sovereignty. With both of these stories, we see people finally starting to stand up for David in the David vs. Goliath story that embodies the journey of cryptocurrency to global adoption. As we all know, education takes a long time, and it seems like more members of the government are now reaching the point where their crypto education has been sufficient enough to recognize the key problems that need to be solved. Progress is being made, and we all must do whatever we can to support efforts like these. # Coinbase Unveils L2 "Base" ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/Base_Blog_header-1.png) Coinbase announced that they're launching a layer-2 on Ethereum, called "Base," and that it will **NOT** have its own network token (they want to make that part very clear, [check the Twitter page's bio](https://twitter.com/BuildOnBase?ref=triana.media)). Despite that clear message, YouTubers are already making videos [calling Base the next 100x crypto](https://www.youtube.com/watch?v=ziL2qgC5XUs&ref=triana.media), which is completely impossible unless their token stance changes. Coinbase believes that building great products, not launching a token, is the path to driving activity on-chain. Kudos to them. > [$BASE](https://twitter.com/search?q=%24BASE&src=ctag&ref%5Fsrc=twsrc%5Etfw&ref=triana.media) (entirely different thing than Coinbase) up +150% during the 7 days before fist Coinbase tweet (in which no informations was given). > > Great coincidence. [pic.twitter.com/ZXkLAh9gLI](https://t.co/ZXkLAh9gLI?ref=triana.media) > > — Pierre (⛷️,⛷️) - I'll never DM you first (@pierre\_crypt0) [February 23, 2023](https://twitter.com/pierre%5Fcrypt0/status/1628814766574604289?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Important to point out this sketchy activity 📈 Immediately following this news, a completely unrelated shitcoin [$BASE pumped 250%](https://www.coindesk.com/markets/2023/02/24/unrelated-base-token-jumped-250-after-coinbase-starts-layer-2-network-base/?ref=triana.media). Never fade the proper degen move, anon. This announcement is a historic one, as it makes Coinbase the first publicly traded company to ever launch an L2 on Ethereum. Base is launching with dozens of partners who’ve committed to building in and supporting the ecosystem, including oracle network Chainlink, Ethereum block explorer Etherscan, and DeFi protocol Aave. > “This is a bet that we can help enable the next million dapps, which are going to bring in the next billion users. We think that's going to happen on a five- to 10-year horizon and this is our contribution to making that happen sooner rather than later.” - Jesse Pollak, Coinbase Senior Director of Engineering With Brian Armstrong seemingly [assuming the mantle](https://twitter.com/brian%5Farmstrong/status/1624829368915890176?s=20&ref=triana.media) of crypto's white knight giga chad and now this Base announcement, sentiment surrounding Coinbase is very positive. We remember times when everyone was a Coinbase hater (not saying they didn't deserve it), so seeing this redemption arc taking place is great and will no doubt have positive implications on the future of the industry. We need our biggest industry players aligned to the users/participants, and Base is a big sign that Coinbase is in our corner. # Blur Founder Doxxes Amid Wash Trading Controversy ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/blur-landscape-2.png) Heading into this week, everyone was dancing on the grave of OpenSea and declaring $BLUR was heading to $10\. Now we've done a complete 180 after an absolutely chaotic week. Blur's founder [doxxed himself](https://twitter.com/PacmanBlur/status/1628223367487848451?s=20&ref=triana.media), which everyone said was bullish (mainly because he's near-bald, not because of his solid resume). The TLDR is that he dropped out of high school at the age of 17 to go through Y Combinator, studied math and computer science at MIT, and has done quite well for himself career-wise. Then, on-chain data surfaced demonstrating that Blur has a massive wash-trading problem, and sentiment shifted to a negative extreme. Now, debates are still running rampant on Crypto Twitter about whether or not Blur is good for the space and $BLUR is down over 38% from its high at the beginning of the week. > Hey! Here are some fun facts about NFT volume: > > 20% of Blur's volume comes from only 15 wallets. > > 50% of Blur's volume comes from less than 300 wallets. > > Watch the top 500 farmers drive artificial volume live over any timeframe with source below ⬇️ [pic.twitter.com/chDM6B7uMv](https://t.co/chDM6B7uMv?ref=triana.media) > > — poof (@poof\_eth) [February 22, 2023](https://twitter.com/poof%5Feth/status/1628452399315550208?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) # PROOF Grifting Intensifies ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/proof-collective-3.jpg) Ever since Ryan Carson, the COO, [exited the project](https://thedefiant.io/carson-moonbirds-new-nft-fund?ref=triana.media) right after the Moonbirds mint with over $1 million in NFTs to start his own fund, PROOF has gained a bad reputation as grifters in the NFT space. This week, it got worse. PROOF canceled their highly anticipated conference this year, and holders are up in arms. This news is shocking considering PROOF raised $50 million in a 2022 funding round, and have of course made millions in revenue past that. The fact that they now claim they can’t host a conference is quite ridiculous. But wait, it gets better. > Ryan Carson "cant run sustainably" a free twitter spaces morning show LMFAO > > In other words his grifter attempt to raise millions got exposed, so now he leaves the community he so much cared about hanging lmao. Cant wait for next project! > > See ya later grifty mcgrifter. [https://t.co/chZFwwYMDL](https://t.co/chZFwwYMDL?ref=triana.media) > > — Erick 🦦 (@EB7) [February 24, 2023](https://twitter.com/EB7/status/1629149513687486468?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Ryan Carson went on Twitter Spaces and cried as he declared he is leaving Web3 for good. Zeneca will be taking over the Twitter Spaces he ran. People were attending his daily Twitter Spaces for months under the notion that, for collecting attendance POAPs, they would receive some form of epic NFT reward. Let's remember to not welcome him back when he returns next bull run to make another couple million dollars. > Ryan Carson - doxxed, scams people out of millions, whines, leaves web3 > > Multiple projects I'm up 3X on - anon, building quietly, don't waste time babbling on Spaces about nothing > > The moral? Support projects, not people. [#codeislaw](https://twitter.com/hashtag/codeislaw?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=triana.media) > > — Mantis (@mantisunbranded) [February 25, 2023](https://twitter.com/mantisunbranded/status/1629280680495702016?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) # Meta Wants Your ID for Verification ![](https://images.unsplash.com/photo-1668208762409-286e77197bf0?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=MnwxMTc3M3wwfDF8c2VhcmNofDI1fHx2ZXJpZmljYXRpb258ZW58MHx8fHwxNjc3MzUxMTM1&ixlib=rb-4.0.3&q=80&w=2000) Photo by [ilgmyzin](https://unsplash.com/@ilgmyzin?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) / [Unsplash](https://unsplash.com/?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) We know you like verified badges, but for this one, don't do it. Mark Zuckerberg announced that Meta Platforms Inc. is launching a subscription service called Meta Verified that will include perks and features like account verification badges. The subscription will cost $11.99 per month ($14.99 on iOS). To onboard into the feature, you must give Meta your government ID. So to be clear, the company most well-known for taking private user data to create revenue that is looking to own the metaverse and work with the government to ensure that nothing about your life is left unknown wants to get your ID for a shiny new badge. Yeah, no thanks. Let's all pass on this one. > To help creators establish their presence, Mark Zuckerberg just announced that we'll begin testing Meta Verified, a subscription bundle that includes account verification and access to support and increased visibility. [https://t.co/UUhIfH07h1](https://t.co/UUhIfH07h1?ref=triana.media) > > — Meta Newsroom (@MetaNewsroom) [February 19, 2023](https://twitter.com/MetaNewsroom/status/1627399780891561986?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/anybodies-research-highlight.png) This week, we published a looooong overdue comprehensive research analysis of Anybodies, a project that we believe will rise to the top of the Solana ecosystem and make an incredible impact on Web3 as a whole. > Known for high-profile partnerships, highly recognizable quality art, a community of high-conviction supportive holders, and the undisputed [most active intern](https://twitter.com/AnybodiesNFT/status/1598746934461825028?s=20&ref=triana.media) in all of Crypto Twitter, Anybodies is Solana NFT project that needs to be on your radar if it somehow isn't already. Anybodies is a one-stop-shop for anyone looking to experience the full power of Web3, providing that through a combination of NFT, NFC, AR, and blockchain technology integrated into products that offer true physical-to-digital linked experiences, many of which will be in collaboration with some of the world's top brands. Check out the full article below and make sure to [retweet our announcement post](https://twitter.com/TrianaOfficial/status/1629162418650636291?s=20&ref=triana.media) if you enjoyed the content. [Deep Dive: AnybodiesLooking for Solana’s next top NFT project? The search ends at Anybodies—this is your comprehensive guide.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/cover-image.598d8c18b610a9d70849-2.gif)](https://www.triana.media/deep-dive-anybodies/) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/Tweets-of-the-Week-3.png) # 1\. This is HOF Material > so [@TechCrunch](https://twitter.com/TechCrunch?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) and [@jacqmelinek](https://twitter.com/jacqmelinek?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) reached out for the story! > Yellow hasn't had an answer yet though 🤔 [https://t.co/OH4nP3vQeP](https://t.co/OH4nP3vQeP?ref=triana.media) [pic.twitter.com/D3inKWiYPZ](https://t.co/D3inKWiYPZ?ref=triana.media) > > — Yellow.🍌🍞 (@ICOffenderII) [February 21, 2023](https://twitter.com/ICOffenderII/status/1628156533010841602?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) # 2\. Never a Bad Day to Wreck Mr. Wonderful > every exchange in the US is regulated > > the exchange for which you were a (voluntary) paid spokesperson was offshore and unregulated > > this is the most hypocritical tweet i’ve ever seen > > — DCinvestor.eth ⌐◨-◨ (@iamDCinvestor) [February 24, 2023](https://twitter.com/iamDCinvestor/status/1629118473849737216?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) # 3\. LMAOOOO > Hashtag Bitcoin [pic.twitter.com/3ShwMdDYO6](https://t.co/3ShwMdDYO6?ref=triana.media) > > — Inverse Cramer ETF (Not Jim Cramer) (@CramerTracker) [February 21, 2023](https://twitter.com/CramerTracker/status/1627872700529102848?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) # 4\. Bitcoin is Down Close to 6% Since This Tweet > Cocaine bear is coming to theaters tomorrow and you're longing? [pic.twitter.com/4GoGHcbKN3](https://t.co/4GoGHcbKN3?ref=triana.media) > > — Delta (@deltaxbt) [February 23, 2023](https://twitter.com/deltaxbt/status/1628813742615019521?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) # 5\. Sometimes It's All Just So Predictable > You going to be on the next investors announcement.[@ryancarson](https://twitter.com/ryancarson?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) make sure you get his approval first before you Tweet about it. > > 😂🤣😅 > > — BARNEY (@BarneyESQ\_) [February 24, 2023](https://twitter.com/BarneyESQ%5F/status/1629195015682490370?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) --- # Join Triana [![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/Subscribe-to-Triana.png)](https://triana.ghost.io/?ref=triana.media#/portal/) Enjoy the article? Make sure to [subscribe to Triana](https://www.triana.media/#/portal/) to stay up to date on all things Web3, tech, and gaming. If this is your first Triana experience, head over to our [About page](https://www.triana.media/about/) to learn more about the content we publish every week. Follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) to become a part of our community and join in on the conversations! [About TrianaToday’s New World is Virtual. Triana will be the Leader of its Discovery.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/about-page-twitter-banner-1.png)](https://www.triana.media/about/) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- ### Deep Dive: Anybodies URL: https://www.triana.media/deep-dive-anybodies/ Last updated: 2023-12-20T12:58:21.000Z The overwhelming majority of NFT projects are what we like to call "cookie-cutter projects." Does this utility stack sound familiar? - Launch a second collection or art upgrade - Merch - DAO - Staking for utility coin - "We're building a brand." It's all complete and utter bullshit, isn't it? And yet, so many of these cookie-cutter projects that provide nothing worthy of standing out have attention, floor price, and royalty revenue advantages over a large percentage of the true builders of Web3, some of which we covered in our 2023 NFT Watch List. [Triana’s 2023 NFT Watch ListNearly 6,000 words and hundreds of hours of research are unified in this report to guide your 2023 Web3 experience.![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/size/w256h256/2022/12/Global-Profile-Picture.png)TrianaTriana![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/2023-Projects-to-Watch-Title-2.png)](https://www.triana.media/2023-nft-projects-to-watch/) Covering Overlooked, Undervalued Builders is What We Do. Like [other projects we've elected to cover](https://www.triana.media/tag/research/) intensely, Anybodies stands out as a Screw You to the disappointing Web3 norms that NFT collectors have come to accept and valiantly defend (but only for projects they hold, lol). As we take a comprehensive look at Anybodies, we'll discover a team dedicated to genuine innovation that will benefit the entire Solana ecosystem and also come to realize that, not only does Anybodies rightfully deserve to be in the conversation regarding the next top Solana project, but they also have a very clear path to achieve exactly that. Looking back a decade from now, it's projects like Anybodies that will be remembered for pushing the Web3 space forward. Let's dive into it. --- # Summary ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/Anybodies-Logo-Banner.png) [Twitter](https://twitter.com/AnybodiesNFT?ref=triana.media) [Website](https://anybodies.com/?ref=triana.media) [Magic Eden](https://magiceden.io/creators/anybodies?ref=triana.media) [Discord](https://discord.gg/anybodies?ref=triana.media) Known for high-profile partnerships, highly recognizable quality art, a community of high-conviction supportive holders, and the undisputed [most active intern](https://twitter.com/AnybodiesNFT/status/1598746934461825028?s=20&ref=triana.media) in all of Crypto Twitter, Anybodies is Solana NFT project that needs to be on your radar if it somehow isn't already. Anybodies is a one-stop-shop for anyone looking to experience the full power of Web3, providing that through a combination of NFT, NFC, AR, and blockchain technology integrated into products that offer true physical-to-digital linked experiences, many of which will be in collaboration with some of the world's top brands. The core founding team is fully doxxed and brings a wealth of relevant experience to the table. You can learn more about them below: [Elli De Gouveia](https://www.linkedin.com/in/elli-de-gouveia/?ref=triana.media) \- Co-Founder & CEO [Joss Aviv](https://www.linkedin.com/in/joss-aviv-097594197/?ref=triana.media) \- Co-Founder & CTO [Xi Ding](https://www.linkedin.com/in/xi-ding-0b900720/?ref=triana.media) \- Co-Founder & Creative Director --- # The Pillars of Anybodies ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/doa-anybodies.jpeg) Anybodies is not a narrowly-focused project. There are grand visions being worked towards, each a complement of the others; not a distracting detractor. These visions can be summarized by what we see as three core pillars of the project: Onboard, Fashion, and Technology. Let's run through each of them. ### Onboard: Building to Bring the World to Solana Anybodies has recognized that NFTs provide an incredible opportunity for large brands to supercharge their rewards programs and acquire new customers. Instead of spending incredible sums of money and using 10+ months to create a joint rewards program promotion with another brand, they can instead utilize NFTs to get the job done in minutes. Anybodies is building a platform to facilitate this type of activity and other customer acquisition mechanisms. In the process, Anybodies will potentially generate hundreds of millions of dollars in value for partners that use their platform. > "Each brand that uses Anybodies, they bring/create new modules and integrations on the Anybodies Platform. This creates a flywheel that ultimately results in the most comprehensive membership offering. What if a brand that is integrated with Anybodies could create turn-key loyalty partnerships with any other brand integrated with Anybodies? e.g. Toys R Us rewards are now available to Tay Keith Hoodie holders with a click of a button. a good example of this is Delta Air Lines partnering with Starbucks to combine their Loyalty programs which doubled both company's reach. Problem is it took them 10+ months to pull off vs using NFTs and Anybodies you can do it in minutes." - [Ellihandro](https://twitter.com/ellihandro?ref=triana.media), Anybodies Co-Founder & CEO We've been avid Solana participants since October of 2021, and were observers even before then. Out of everything to come from the ecosystem, this, by far, appears to be the greatest innovation to emerge from a Solana NFT project thus far. With well-set-up rewards, it has the power to provide almost incomprehensible value to Anybodies holders and onboard millions of new consumers to the Solana ecosystem. ### Fashion: Web3 Merchandise Sucks. Anybodies Doesn't. Everyone who has been in Web3 long enough knows that the merch, in general, is pretty terrible. Whether we're talking about quality or design, no one has assumed the mantle of bringing luxury fashion house-level products into the industry—until Anybodies. While the overwhelming majority of NFT projects working to build a brand have done little to establish any infrastructure needed to actually do so, and have opted for cheap merchandise reminiscent of fraternity and sorority rush apparel, Anybodies spent 2022 readying itself to bring world-class fashion and other merchandise to the world. Here are some key actions they took: _This post is for subscribers only._ ### Triana Weekly #12: What is Dead May Never Die URL: https://www.triana.media/triana-weekly-12/ Last updated: 2026-01-14T21:58:51.000Z DeGods are now the most iconic collection on Solana and Bitcoin. Ethereum is the next mountain to climb... _This post is for subscribers only._ ### Triana Weekly #11: Will Saudis Lead the Cyber Renaissance? URL: https://www.triana.media/triana-weekly-11/ Last updated: 2026-01-14T22:06:52.000Z Saudi Arabia has been making major moves for a digital future. _This post is for subscribers only._ ### Deep Dive: Bitcoin NFTs URL: https://www.triana.media/deep-dive-bitcoin-nfts/ Last updated: 2023-12-20T12:46:46.000Z Crypto Twitter is onto a new, very peculiar meta that wasn't on anyone's 2023 bingo card: Bitcoin NFTs. Being (incorrectly) commonly referred to as "Ordinals," everyone is scrambling to learn about these novel digital assets and decide whether they're worth getting into. Join us as we take the plunge into the meta no one saw coming. This is everything you need to know about Bitcoin NFTs today. --- # Where Did These Come From? ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/Bitcoin-ordinals.jpg) Bitcoin has had an interesting history with NFTs. Back in 2014, the first blockchain-based NFTs were made on Counterparty, a protocol built on Bitcoin. The biggest collections that came out of this were Spells of Genesis in 2015 and Rare Pepes in 2016\. As Counterparty took off, it raised heated debates about whether it was a good use of the Bitcoin blockchain; today, similar debates are being held. In February 2022, a proposal was sent to the Bitcoin dev mailing list to bring NFTs to the Bitcoin network. The idea was to assign each Satoshi an ordinal number, which could then be linked to extra information like text, images, videos, and games. This year, on January 21st, software engineer Casey Rodarmor [launched the Ordinals protocol](https://rodarmor.com/blog/inscribing-mainnet/?ref=triana.media) on the Bitcoin mainnet, enabling the vision of the original proposal to come to fruition. # Key Facts Rundown ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/ordinal-inscriptions.PNG) [Daily Ordinals Inscriptions](https://dune.com/maloikka/ordinals?ref=triana.media) - Ordinals is the protocol, "Inscriptions" are the NFTs, and many people are currently messing up this terminology. - Inscriptions are different from NFTs on Ethereum in that they are stored fully on-chain; this makes them immutable and fully decentralized. - While creating and transferring Ethereum NFTs can result in high transaction fees, Inscriptions maintain relatively low fees due to transaction fee optimizations with Taproot on Bitcoin. - Ordinals NFTs are comprised entirely of on-chain data, meaning the actual image for the NFT itself is stored on the blockchain, instead of simply linking to an image stored on an external website like the vast majority of Ethereum NFTs. - Inscriptions are connected with individual satoshis. On Ethereum, NFTs are natively supported and each one has its own token. - Each Inscription has to be individually minted with its own fee. On Ethereum, many NFTs can be minted in a single transaction. - You can find all Inscriptions by going [here](https://ordinals.com/inscription/2911040743b16b71c4c00dc2561b91dac87650e0957d8acd016da0ffd8d3d511i0?ref=triana.media). - Follow [this guide](https://www.nftculture.com/nft-news/how-to-create-an-ordinal-nft-gamma-makes-it-easy/?ref=triana.media) or [this thread](https://twitter.com/noggie%5F/status/1623149814967066625?s=20&t=zmLy6F%5FPhQ5rz1566SbZ7g&ref=triana.media) to learn how to create your own Inscriptions. > "Inscriptions are [digital artifacts](https://docs.ordinals.com/digital-artifacts.html?ref=triana.media), and digital artifacts are NFTs, but not all NFTs are digital artifacts. Digital artifacts are NFTs held to a higher standard, closer to their ideal. For an NFT to be a digital artifact, it must be decentralized, immutable, on-chain, and unrestricted. The vast majority of NFTs are not digital artifacts. Their content is stored off-chain and can be lost, they are on centralized chains, and they have back-door admin keys. What's worse, because they are smart contracts, they must be audited on a case-by-case basis to determine their properties." - Casey Rodarmor # Is This Good for Bitcoin? ![3D illustration of blocks in a blockchain. 「 LOGO / BRAND / 3D design 」 WhatsApp: +917559305753 Email: shubhamdhage000@gmail.com](https://images.unsplash.com/photo-1639762681485-074b7f938ba0?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=MnwxMTc3M3wwfDF8c2VhcmNofDZ8fGJsb2NrY2hhaW58ZW58MHx8fHwxNjc1OTcxMDU3&ixlib=rb-4.0.3&q=80&w=2000) Photo by [Shubham Dhage](https://unsplash.com/@theshubhamdhage?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) / [Unsplash](https://unsplash.com/?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) As could have been easily predicted given today's Bitcoin community landscape, the parabolic rise to prominence that Inscriptions have undergone has been harshly opposed by Bitcoin purists/maxis. Concerns have been brought up about the potential increase in transaction fees and resource demands on nodes. Others, like well-known independent developer Udi Wertheimer, are here to bring the magic and fun back to Bitcoin (like the old days before maximalism took over) and have embraced this new idea. > Last night, we made history > > The gatekeepers tried to censor us > > But we mined the LARGEST BLOCK and LARGEST TRANSACTION IN BITCOIN’S HISTORY > > Special thanks to bitcoin full node operators for supporting our efforts and hosting our 4MB NFT for all eternity! > > gm [@TaprootWizards](https://twitter.com/TaprootWizards?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) 🧙‍♂️ [pic.twitter.com/uKGG918af8](https://t.co/uKGG918af8?ref=triana.media) > > — Udi Wertheimer (@udiWertheimer) [February 2, 2023](https://twitter.com/udiWertheimer/status/1621176136142045191?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) It's hard not to see the potential benefits that could come from this new development. With Inscriptions fully immutable and decentralized (and additional upgrades to come for the Ordinals protocol), can we allow ourselves to consider them as even better NFTs than the ones we've all been using thus far, or at least admit that it's a possibility in the future? > I know everyone hates ordinals, but (whether it’s text or images) the ability to publish uncensorable information on the [#bitcoin](https://twitter.com/hashtag/bitcoin?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=triana.media) timechain, effectively makes speech uncensorable worldwide forever. > > Wikileaks on steroids. > > Few. > > — Bit Paine ⚡️ ⛓ 648 (@BitPaine) [January 31, 2023](https://twitter.com/BitPaine/status/1620401902172397568?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Sean Farrell, head of crypto strategy at FSInsight, has pointed out that one current flaw with Bitcoin's security model is a lack of miner revenue attributable to fees. In light of this new NFT development, he said that “The excitement surrounding NFTs on Bitcoin has brought new experimentation to the network, increasing average block sizes overnight, which translates to higher fees per block." Other potential benefits are increases in developer activity and increased global adoption, which we're already starting to see. According to CryptoQuant's data, network activity on the Bitcoin blockchain hit a level not seen since China banned miners in May of 2021! ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/Bitcoin-transactions.png) # The Verdict ![Bitcoins on a multi-colored background.](https://images.unsplash.com/photo-1611281929181-da7cf871df4d?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=MnwxMTc3M3wwfDF8c2VhcmNofDQwfHxiaXRjb2lufGVufDB8fHx8MTY3NTk2MzAyNw&ixlib=rb-4.0.3&q=80&w=2000) Photo by [Kanchanara](https://unsplash.com/pt-br/@kanchanara?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) / [Unsplash](https://unsplash.com/?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) Although some Bitcoiners have set this as their hill to die on, it's yet to be seen how Inscriptions ultimately impact Bitcoin. With wider adoption and increased development both clear possibilities, what's so wrong about seeing how this plays out instead of acting like an anti-Bitcoin TradFi millionaire? With headlines like "[NFTs on Bitcoin? Ordinal Punk Sells for Over $200K (9.5 BTC)](https://cryptopotato.com/nfts-on-bitcoin-ordinal-punk-sells-for-over-200k-9-5-btc/?ref=triana.media)" floating around the internet, we're likely just at the very beginning of this new NFT meta as people will continue pouring in to try and get rich quick. As always, when new metas are forming like this one, it's important to not invest money you can't afford to lose and to be wary of scams. Be careful out there, everyone. --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- # Join Triana Enjoy the article? Make sure to subscribe to Triana by clicking the image below to stay up to date on all things Web3, tech, and gaming. Follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) to become a part of our community so you can access all our content and join in on the conversations! [![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/Subscribe-1.png)](https://triana.ghost.io/?ref=triana.media#/portal/) ### Triana Weekly #10: A Reminder of the Good NFTs Can Achieve URL: https://www.triana.media/triana-weekly-10/ Last updated: 2026-01-14T22:06:34.000Z A clear example of NFTs' ability to coordinate resources, and win, has brought us back to the basics of Web3 _This post is for subscribers only._ ### Deep Dive: Metashima URL: https://www.triana.media/deep-dive-metashima/ Last updated: 2025-04-10T21:55:53.000Z Launched in June of 2022 by [Dimension Studio](https://www.dimensionstudio.co/?ref=triana.media), a "World Leading Volumetric Capture, Metaverse & Virtual Production Studio" redefining the production of realistic humans and avatars, Metashima is one of the most under-the-radar projects in the entire Web3 space. [Dimension Studio: How fashion is being brought to the metaverseA London-based startup has worked with Balenciaga, Jean Paul Gaultier and H&M on avatars, VR, AR and virtual production. Here’s why all fashion brands should take note.![](https://www.voguebusiness.com/verso/static/voguebusiness/assets/favicon.ico)Vogue BusinessCondé Nast![](https://media.voguebusiness.com/photos/6149fabcef313e489ec068c9/16:9/w_1280,c_limit/dimension-profile-voguebus-dimension-studio-sep-21-social.jpg)](https://www.voguebusiness.com/technology/dimension-studio-how-fashion-is-being-brought-to-the-metaverse?ref=triana.media) Like other projects we've covered, Metashima is a victim of Web3's PFP Golden Age, a time that will be remembered for static 2D images with cookie-cutter utility, rug pulls, and subpar project teams sucking liquidity out of the industry from communities promised the moon. For too long, world-class teams that produce ultra-high quality, metaverse-ready NFTs have been underappreciated in Web3\. Thankfully, with the space slowly shifting towards a more gaming-heavy focus, change is on the horizon. The 3D NFT revolution is coming; for projects like Metashima that are building for the long-term future of Web3, and the community members who have joined them, it will be a time of well-deserved prosperity. All roads lead to the open metaverse, and if you're already into 3D, metaverse-ready NFTs, all you need to do is sit tight while the rest of the world catches up. When it finally does, Metashima will be ready. --- # Summary ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/shima-expanded.jpeg) [Twitter](https://twitter.com/metashima?ref=triana.media) [Website](https://www.metashima.com/?ref=triana.media) [OpenSea](https://opensea.io/ObsidianRobotics/created?ref=triana.media) [Discord](https://t.co/8xCWETNvxu?ref=triana.media) [Metashima - Shimapaper 02SHIMAPAPER Copyright 2022, General Systems Vehicle Ltd in partnership with Dimension Studio. LAST UPDATED: 24 JAN![](https://ssl.gstatic.com/docs/presentations/images/favicon5.ico)Google Docs![](https://lh6.googleusercontent.com/6JZJFd4i2ZKrxM_rIyfwKt_szSJWIddnUWW-JduCFq9ugA0I598q8uYSimaXWJFQULPfaBLA_SQrbQ=w1200-h630-p)](https://t.co/giEkEpfCfN?ref=triana.media) Metashima is an Ethereum NFT project beloved by holders for its incredible art and innovations. On February 3rd, 2022, the Web3 community got its [first glimpse](https://twitter.com/metashima/status/1489271747358699523?s=20&t=LQ4u8ej3LvbojiO55LkfGA&ref=triana.media) of what would organically grow into a passionate collective of NFT lovers building toward the future of the metaverse. 0:00 /0:06 1× [Metashima #1842](https://opensea.io/assets/ethereum/0x223ef06367b89458df762cfa633fb53f403cb9c9/1842?ref=triana.media) The project features 14,159 metaverse droids meticulously that were crafted in Unreal Engine. The end result is truly world-class art that stands out from everything else in Web3 today. For the Metashima team, utility is not an afterthought; they're here to innovate. The droids were created to help holders "explore virtual worlds, make new friends, and conquer future frontiers." Each comes with the following features: ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/image.png) Metashima Droid Features The team envisions the metaverse co-existing with the real world through technology like Augmented Reality and built each Metashima to be a holder's "personal metaverse sidekick." Eventually, the droids will be able to accompany holders IRL through AR integrated eyewear and mobile devices. In a sense, holding a Metashima is like having a much more compelling Siri at your disposal. They're geared to track holder fitness, share news updates and messages, order your coffee, and more! > "We believe that in the near future we will all have a presence in the metaverse. Through augmented reality the metaverse will co-exist and bleed into the world around us, while via virtual reality we’ll step through the picture to explore vast new virtual worlds. We see Metashima being there right beside you for extraordinary new adventures." - Simon Windsor, Founder of Metashima Since the beginning, the team has been committed to delivering a wealth of NFT customization options to holders, like the ability to modify Metashima droids with skins, "straight-up smart" utilities, weaponry, and more. #### Collection Details Floor Price - .042 ETH Unique Owners - 30% Total Volume - 421 ETH Listed - 3% --- # Collections ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/gateways.jpeg) Metashima Holder Rewards Structure The Metashima ecosystem is currently built on three collections with two more on the way. Each plays a key role in the future of the project's roadmap filled with future benefits for holders. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/shima-ecosystem.jpeg) Metashima Ecosystem ### [Metashima - Lighting](https://opensea.io/collection/or-metashima-lightning?ref=triana.media) Lightning was the first Metashima drop. Fondly called "Shima(s)" by holders, Lightning is a collection of 4,720 droids crafted using Autodesk 3ds Max, Unreal Engine, and Autodesk Maya. The NFTs [sold out](https://twitter.com/metashima/status/1538535892612268032?s=20&t=LQ4u8ej3LvbojiO55LkfGA&ref=triana.media) on June 19th, 2022. The Lightning roadmap is laid out in four phases: - Collect - collect your virtual robots - Configure - customize and store your 3D Metashima in the MAG - Train - Level up your Metashima for Phase 4 - TBA - "Awesomeness unleashed" ### [Metashima - Signature](https://opensea.io/collection/or-metashima-signature?ref=triana.media) A collection of ten extremely rare, custom 1 of 1 collectible Metashima droids. These were [given out](https://twitter.com/metashima/status/1549706259754000387?s=20&t=LQ4u8ej3LvbojiO55LkfGA&ref=triana.media) to token holders after the Lightning mint. 0:00 /0:06 1× [Metashima #7](https://opensea.io/assets/ethereum/0x495f947276749ce646f68ac8c248420045cb7b5e/86962668601194275649250910411010816776875116268544131220386927361748920958977?ref=triana.media) ### [Metashima - Obsidian Cell](https://opensea.io/collection/or-obsidian-cell?ref=triana.media) Airdropped to every Metashima Lightning holder, these power units will provide holders the ability to power a MAG and future Obsidian Robotics products. One Obsidian Cell already exists inside, and powers, every Metashima Lighting; however, after "The Shima Quest," Obsidian Robotics airdropped every Lightning holder an Obsidian Cell. Each Obsidian Cell is one of eight DNA types which will inform aspects of the MAG. Their rarity is as follows: O1, B2, S3, I4, D5, I6, A7, N8. ### Metashima - Accessory Pack 01 Accessory Pack 01 (AP1) is one of the first instances we've seen in the Web3 industry where an NFT becomes upgradeable with new traits. For .03 ETH, each Metashima holder can claim one AP1 on [February 15th](https://twitter.com/metashima/status/1621259876763664385?s=20&t=xueLuiXb3GPcGFSl8ax0vg&ref=triana.media). ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/shima-image-1.jpeg) Obsidian Cell DNA and Paired Accessory The team is using the drop as a way to add further utility to their NFTs in a unique, innovative way. At .03 ETH each, this drop's price aligns well with current market conditions and is fairly priced for the community. ### Metashima - MAG A collection of virtual, customizable garages built for modifying Metashima droids. MAGs will be airdropped to Metashima holders. MAG is "the most anticipated drop in the OR ecosystem" and will be the first virtual space for holders to interact with, and customize, their droid(s) as accessory drops happen. > MAG progress. It's going to 🤯 [pic.twitter.com/EHJSfYJugb](https://t.co/EHJSfYJugb?ref=triana.media) > > — METASHIMA (@metashima) [October 4, 2022](https://twitter.com/metashima/status/1577384843469430784?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Being built in Unreal Engine to serve as a 3D workshop and Shima training dojo, the MAG will become Metashima ecosystem participants' metaverse base station and entry point to portal into other metaverse worlds like (hypothetically) Decentraland, Wilder World, Hyperfy, etc. This is something that we have never seen done by an NFT project. If the vision is achieved, it very well could end up being a world-first and establish a new utility meta for other projects to race to copy. As we've seen throughout Web3 history, projects that start new meta across art, marketing tactics, or utility perform extremely well on secondary markets. --- # Dimension Studio is the Real Deal ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/metashima-brands.jpeg) The Metashima Team has Worked on Incredible Projects with the World's Top Brands Like some of the other projects we've covered in Deep Dives like [KPR](https://www.triana.media/deep-dive-kpr/) and [Claynosaurz](https://www.triana.media/deep-dive-claynosaurz/), Metashima brings a stacked team of highly qualified, world-class professionals to Web3. Metashima was created by the team behind Dimension Studio—they have over a decade of experience creating virtual worlds and humans for film, TV, virtual reality, augmented reality, and the metaverse. > The team behind... > 🛸[@coldplay](https://twitter.com/coldplay?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) & [@BTS\_twt](https://twitter.com/BTS%5Ftwt?ref%5Fsrc=twsrc%5Etfw&ref=triana.media)'s [#holograms](https://twitter.com/hashtag/holograms?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=triana.media) for ‘My Universe’ & live performance on [@NBCTheVoice](https://twitter.com/NBCTheVoice?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) > 👗[@balenciaga](https://twitter.com/BALENCIAGA?ref%5Fsrc=twsrc%5Etfw&ref=triana.media)'s 'Afterworld: The Age of Tomorrow' – immersive [#virtualreaility](https://twitter.com/hashtag/virtualreaility?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=triana.media) game > 🎬Revolutionising film with [#virtualproduction](https://twitter.com/hashtag/virtualproduction?src=hash&ref%5Fsrc=twsrc%5Etfw&ref=triana.media): [https://t.co/bnQXGozFov](https://t.co/bnQXGozFov?ref=triana.media) > > And more... [pic.twitter.com/graNFQHCub](https://t.co/graNFQHCub?ref=triana.media) > > — METASHIMA (@metashima) [April 19, 2022](https://twitter.com/metashima/status/1516486370264588288?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Collaborating with brands like DNEG (leading visual effects and animation studio honored with the Academy Award seven times), Balenciaga, Puma, and BBC Studios, the Dimension team has consistently proven that they are shaping the future of entertainment. [Neymar Jr’s Avatar x PUMA Black Station | DimensionDimension has created an avatar of Brazilian football legend Neymar for PUMA’s powerful new metaverse and web3 experience.![](https://www.dimensionstudio.co/themes/dimension/assets/images/favicons/apple-touch-icon-152x152.png)Dimension![](https://s3.eu-west-1.amazonaws.com/dimensionstudio-assets/media/Neymar%20In%20Universe%20-%20NFT%20View.png)](https://www.dimensionstudio.co/work/puma-black-station-featuring-neymar?ref=triana.media) Being forward-thinking and innovative across new technology advancements has led to an abundance of fruitful work opportunities. According to the company, Dimension earned $6.5 million in revenue from 2020-2021, double the previous year. As the metaverse industry continues to grow, demand for Dimension's expertise grows alongside it. > Stepping onto Dimension Studio’s circular stage in Wimbledon, south-west London, you’re greeted by 106 cameras, which can volumetrically scan a person into a 360-degree digital human within seconds. That 3D capture can then be dropped into virtual worlds, from VR to gaming. The virtual production startup, which specializes in creating digital humans and virtual worlds for brands, operates two more volumetric capture stages, one in the north of England in Newcastle and a second across the Atlantic, a co-owned stage in Washington DC. It’s also the owner of a Polymotion portable truck, acting as a mobile capture studio. - Vogue Business More recently, Dimension contributed to *Whitney Houston: I Wanna Dance with Somebody* by crafting 700 terabytes worth of volumetric capture to [bring concert crowds to life](https://beforesandafters.com/2023/01/25/the-volumetric-capture-crowd-tech-behind-i-wanna-dance-with-somebody/?ref=triana.media). #### Volumetric Capture Uses multiple cameras to capture a three-dimensional space or object and then produce a 3D virtual representation that can be viewed on flat screens, 3D displays, and through VR goggles. Dimension helped the biopic fill stadiums with upwards of 70,000 virtual crowd members for key Houston performances, like her rendition of the Star-Spangled Banner at Superbowl XXV in 1991. ### Team Bringing a vast treasure trove of experience to Web3, Metashima will ultimately help drive the entire Web3 industry forward. Greatness begets greatness, and as the team continues to raise the bar of what's possible in the industry, more resources and talent will be drawn in. As such, passionate Web3 participants should want to support teams like Metashima, which is made up of twelve key contributors listed below: [Simon](https://twitter.com/siwindsor?ref=triana.media) \- Creator [Yush](https://twitter.com/itsyush?ref=triana.media) \- Creator Ed - Creator [Jake](https://twitter.com/jakemiddy?ref=triana.media) \- Community [Phil](https://twitter.com/IAmPhilHawkins?ref=triana.media) \- Designer [Tessa](https://twitter.com/NFTess%5F?ref=triana.media) \- Marketing Dan - Developer Paul - Artist Eddie - Developer Dan TJ - Artist Ben - Animator Faye - Producer > "At the heart of everything we do, this project is about quality, execution, and doing it right." - Team Metashima --- # Key Lore ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/obsidian-cell.jpeg) Obsidian Cell Metashima droids are all custom-built in the Metashima Assembly Garage (MAG). They are the first product from Obsidian Robotics (OR), creators of the Obsidian Cell, an ultra-efficient energy source comparable to nuclear fusion that powers OR's products. Obsidian Robotics is headed up by ADA, the Chief Scientist and face of the company. Production of the first Metashima, named Lightning, went smoothly; however, it was later discovered that an undetected failure caused an alteration within the Obsidian Cell which produced a variant Metashima DNA type—one with a darker side. These Metashima are codenamed "Shadow" and the effects of their corruption are not yet fully understood. --- # The Verdict ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/02/metashima-grid.jpeg) The future of Web3 is 3D. As more resources continue to pour into developing what will eventually become the metaverse, NFT projects will need to adapt to a new meta; one that forces everyone to level up in order to prepare for integration into the world's most prominent metaverse platforms. [The Metaverse is Not Real, Yet | HackerNoonUntil a true “metaverse platform” publicly launches, the metaverse is not real. Dive into what a metaverse platform is and what the future of Web3 looks like.![](https://hackernoon.com/favicon.ico)Hackernoon logoBart Hillerich![](https://hackernoon.imgix.net/images/0xgxm0rlq5Pn6VKRpdJqG5IU7w03-gs93trt.jpeg)](https://hackernoon.com/the-metaverse-is-not-real-yet?ref=triana.media) Learn more about the future of the metaverse with this awarded article Instead of going the traditional route of 2D art to 3D assets, the Metashima team skipped ahead to be metaverse-ready immediately and will have no issues ensuring that their brand has a presence in the immersive worlds that we will all experience on a daily basis. This project is well-equipped to navigate the complex, unpredictable future of the metaverse and has repeatedly proven how much they value community and the core values of the Web3 ethos. With such powerful brand connections through their work as Dimension Studio, it's reasonable to expect that the future of Metashima will include powerful collaborative activations that further the value and recognition of the IP. We're so glad that we took the time to dive into this project and discover all of its inner workings. Moving forward, we'll be sure to track its progress closely and keep our subscribers updated whenever newsworthy developments come up. For more key info on the project, we recommend watching the team's Shimapaper Unpacked YouTube video that covers the future of Metashima and much more! --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- # Join Triana Enjoy the article? Make sure to subscribe to Triana by clicking the image below to stay up to date on all things Web3, tech, and gaming. Follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) to become a part of our community so you can access all our content and join in on the conversations! [![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/Subscribe-1.png)](https://triana.ghost.io/?ref=triana.media#/portal/) ### Triana Weekly #9: World of Warcraft Tragedy Strikes China URL: https://www.triana.media/triana-weekly-9/ Last updated: 2026-01-14T22:06:15.000Z “I cried all night in my sleep because the game went offline." _This post is for subscribers only._ ### Triana's 2023 NFT Watch List URL: https://www.triana.media/2023-nft-projects-to-watch/ Last updated: 2023-12-20T12:59:09.000Z 2023 is every project's chance to capture significant "attention market share". Based on a Q3 2022 [report](https://messari.io/report/state-of-ethereum-q3-2022?ref=triana.media) from Messari Research, it's more clear than ever that attention and liquidity have evaporated from the space after a brutal start to what will likely be a long crypto bear market pinned down by widespread financial recessions across the world. > While the average NFT daily trading volumes dropped dramatically, the average number of daily traders witnessed a much smaller decline. This indicates a sticky base of committed users at around 40,000 per day. Volume in dollar terms fell 90% from January. Sales have averaged less than $1 billion per month in Q3 compared to $4.6 billion in Q2\. The decline is not only to do with a slowing market for NFTs but also the drop in ETH price which most NFTs use as their base currency. - Tom Dunleavy, Sr. Research Analyst at Messari. With even fewer participants active today, each person's attention is worth a higher % of the overall attention market. The people who remain in Web3 are presumably strong believers in the future of the industry and will be the best possible supporters for projects to acquire. There has never been a better time in Web3 to gain support from a group of high-conviction people to generate a high customer acquisition ROI in the long term. In our 2023 NFT Watch List, we've curated a group of NFT projects that are positioning themselves well for incredible success on the other side of this bear market when a new wave of adoption rushes into the space. The teams have proven their resilience and merit time and time again, but have largely remained under the radar of a majority of NFT buyers. In this scenario, the greatest opportunity lies. --- # Anybodies (Solana): 11.45 SOL Floor ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/Slide-4.png) [Twitter](https://twitter.com/AnybodiesNFT?ref=triana.media) [Secondary Market](https://magiceden.io/creators/anybodies?ref=triana.media) [Website](https://t.co/2zxGaFrYzc?ref=triana.media) --- Anybodies had some bright moments in 2022, but took a step back at the end in the eyes of the general public and has been in floor price decline since mid-November. If we take a look back at their 2022 recap, it's clear that the team is delivering consistently at an industry-best level. Here is some of what the team did: _This post is for subscribers only._ ### Triana Weekly #8: Parallel Continues to Forge Ahead URL: https://www.triana.media/triana-weekly-8/ Last updated: 2026-01-14T22:05:54.000Z A Web3 icon has reached a major milestone // _This post is for subscribers only._ ### Triana Weekly #7: BTC Shines Despite Week of Doom URL: https://www.triana.media/triana-weekly-7/ Last updated: 2026-01-14T22:05:19.000Z This was, without a doubt, one of the most gloomy, weird weeks in crypto, and Bitcoin simply doesn't care. _This post is for subscribers only._ ### Whitepaper Analysis: Knights of Degen URL: https://www.triana.media/knights-of-degen-whitepaper-analysis/ Last updated: 2025-04-10T21:56:01.000Z [**Knights of Degen**](https://twitter.com/knightsofdegen?ref=triana.media) (KOD) launched in 2021 with an initial NFT collection of 8,888 collectible Knights. KOD was created to combine the passions of the founding team—sports and web3—and extend them to a larger community. At its core, the project aims to build a community-led sports and entertainment ecosystem and innovate on-chain communal sports fandom in a community-friendly way. Despite their admirable vision, passionate community, and strong team of builders innovating for the future of Web3, Knights of Degen has largely gone underappreciated by the broader NFT community—a frustrating situation seen far too often in today's Web3 environment that is notorious for chasing hype instead of riding with steady value creators and true innovators. At the end of 2022, the KOD vision became clearer than ever before with the launch of an [official whitepaper](https://medium.com/knights-of-degen/knights-of-degen-whitepaper-7f00b405672a?ref=triana.media)—the primary focus of our analysis. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/image-47.png) --- # Degens Seize the Moment and Dare to Break New Ground ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/image-50.png) The Knights of Degen have identified an opportunity solved at the intersection of Web3, gaming, and sports fandom. Sports fandom and online sports betting, fantasy sports, and Esports have soared in popularity in recent years. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/image-51.png) Via: [altman solon](https://www.altmansolon.com/insights/growth-in-new-fan-focused-technologies-womens-sports-creates-exciting-opportunities-for-global-sports/?ref=triana.media) Fans no longer accept simply watching; they are itching for more action. Interest in VR, crypto, and blockchain use cases in sports are all on the rise as sports fans anticipate new ways to participate in the games they cherish. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/image-52.png) Via: [altman solon](https://www.altmansolon.com/insights/growth-in-new-fan-focused-technologies-womens-sports-creates-exciting-opportunities-for-global-sports/?ref=triana.media) The future of sports consumption is at the intersection of a wide variety of emerging technologies. [Drew Austin](https://twitter.com/DrewAustin?ref=triana.media) and the Knights of Degen team recognize this and have constructed a framework for their ecosystem built around three user experience pillars: socialize, compete, and earn. That ecosystem maintains a resource economy run by players (users), power (decentralized governance via DAO), and games (the experience). # The Headquarters of Degen ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/image-48.png) Knights of Degen App Preview The home base for members of the Degen community will be the Knights of Degen mobile application. Access to the app is gated—users will need to have a valid Degen Identity. Degen Identities are a combination of numerous personal identifiers including: “your username, avatars, web3 wallet, applicable NFT characters for the game experience, and your authorized 3rd party apps.” The identity is what connects everything in the ecosystem for each user. Within the app, the “Degen Feed” turns individual “action” into a social experience. Since the Degen Identity connects different 3rd party sports betting applications, once a user connects to the KOD app and places a bet, it will appear on the Degen Feed for the community to follow. The app also allows for users to create and join “Degen Tournaments.” These are play-to-earn competitions and contests that anyone within the KOD ecosystem can create, not just the Knights of Degen team and Degen DAO. Tournaments will feature customizable settings such as how to win, format, and how many users can join. 📱 **Want to get notified when the Knight of Degen app is live?* [**Use secret code* ***‘carpeDegen’** *for access*](https://www.knightsofdegen.io/?ref=triana.media)**.* # Degen Fantasy ![NFL Grass Logo](https://images.unsplash.com/photo-1512145751010-9a6970a44079?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=MnwxMTc3M3wwfDF8c2VhcmNofDN8fG5mbHxlbnwwfHx8fDE2NzM2NDcyODY&ixlib=rb-4.0.3&q=80&w=2000) Photo by [Adrian Curiel](https://unsplash.com/@hencetheboom?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) / [Unsplash](https://unsplash.com/?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) Fantasy sports are a huge part of modern sports that fans participate in to add to their experience, and their growth is predicted to continue to skyrocket. According to technavio's [2022 research report](https://www.technavio.com/report/fantasy-sports-market-size-industry-analysis?utm%5Fsource=prnewswire&utm%5Fmedium=pressrelease+&utm%5Fcampaign=t46t%5Frep1%5Fwk31%5F2022%5F007&utm%5Fcontent=IRTNTR40508), the market will grow by over $6 billion by 2026. For any team with a unique enough perspective on the industry and a fresh idea, now is a prime time to enter and make a big splash among a growing consumer base. Enter "Degen Fantasy". ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/image-53.png) Via: [technavio](https://www.technavio.com/report/fantasy-sports-market-size-industry-analysis?utm%5Fsource=prnewswire&utm%5Fmedium=pressrelease+&utm%5Fcampaign=t46t%5Frep1%5Fwk31%5F2022%5F007&utm%5Fcontent=IRTNTR40508) KOD's Degen Fantasy will allow users to join and create their own fantasy leagues within the ecosystem. In utilizing Web3 technology, Degen Fantasy uniquely eliminates many pain points from traditional fantasy league systems, such as prize distribution, collecting payments, and dispute resolution. Web3 integration also enables Decentralized Finance (DeFi) to play a role in league rewards. Tokens collected as league entry fees are automatically deposited into a 3rd party pool. Over the course of the season, additional tokens are generated that can be used for additional winners prizes, commissioner compensation, or any other way the league wishes to disperse them. DeFi also opens up the opportunity for “No-Loss Fantasy Leagues.” Under this system, the league's winner would receive the “yield” from the DeFi pool while everyone else receives 100% of their entry fees back at the end of the season. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/image-54.png) # $DGEN ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/Bart_High_resolution._3D_Gold_token_with_two_crossing_swords_en_6fe7e4b3-f97f-4656-8806-e196779c6fa5.png) Unofficial DGEN Token Concept Generated in Midjourney The $DGEN token is KOD's native ERC-20 governance, utility, and rewards token that is “the equilibrium underpinning the KOD ecosystem." It maintains four primary objectives: - Facilitate the governance structure for the DAO Treasury via the Degen DAO in a way that delivers "power to the people" by enabling participants to vote and shape the evolution of the project. - Power games, leagues, tournaments, etc. in the Knights of Degen ecosystem. - Grow the ecosystem. - Through the Degen DAO, fund the creation and development of new products and services that enhance the community experience when interacting with the ecosystem. The utility for the token, aside from being used as in-game currency for tournaments, transacting free agent player NFTs in fantasy leagues, determining draft orders, game rewards, and content purchases, is pretty standard-issue as far as governance tokens go. Tokens can be staked, used to vote, and delegated to fund new initiatives. ### Tokenomics $DGEN will have a max supply of 150,000,000 tokens that will be distributed among four stakeholder categories. From the distribution numbers, we derived two main takeaways. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/image-56.png) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/image-57.png) Left: Token Distribution | Right: Unlock Schedule **1\. A highly-organized DAO treasury will prove to be a wise decision.** Typically token allocations reserved for a DAO treasury is vague and undetailed. In a sense, what usually happens is the team decides to throw a lump sum of tokens at the community and let them figure out how to allocate it. Without any guidance, the funds have the freedom to become mismanaged and messy. The Knights of Degen team has acutely categorized (presumably set up in distinct wallets) the DAO treasury allocation into five purposeful categories that will guide its usage. Any wise finance professional will say: "Tell your money where to go" and that's exactly what has been done here. Bravo! **2\. The team and contributors allocation is quite high** Some people tend to overanalyze token allocations and unnecessarily use them as their make-or-break for projects. We're not those kinds of people, but at 40%, the allocation set for "Knights of Degen Inc." + "Contributors" is double what is typically accepted as best practice in the industry. Any team/contributor token allocation above 20% runs the risk of potentially being perceived as greedy, especially by Web3 participants who are more skeptical than ever. For perspective, Filecoin allocated 4.5% to team & contributors and Solana allocated 12.8% to the team pool. # Knights of Degen NFTs ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2023/01/image-55.png) [KOD #3035](https://opensea.io/assets/ethereum/0xe3f92992bb4f0f0d173623a52b2922d65172601d/3035?ref=triana.media) The KOD ecosystem NFTs are the Gen I Knights, the Steedz, Goblets, and the "coming soon" Gen II Knights. All NFTs in the ecosystem possess different benefits and privileges outlined in the whitepaper, but the Gen I Knights are clearly (to no surprise) the must-own NFT in the ecosystem. Before we jump into what owning a Gen I Knight will grant access to, let's first set the stage with an overview of current blue-chip NFT offerings. In today's market, the typical blue-chip NFT will cost between $8,000-$100,000+. For that staggering cost, holders have typically been provided the following: - Additional NFTs in the form of airdrops and claims - Native cryptocurrency tokens - Merchandise - Community - Access to IRL events The reality is that most of the top NFT projects are at the height of Web3 simply because they found appeal with an irrational market that decided they were "it". It's very rare that any of them truly launch something revolutionary or provide holders with a benefit that has a rational, tangible value unrelated to the largely unfounded speculative mania machine that has already been established for the project. **Knights of Degen are different.** At just around a .30 ETH floor (\~$450), Gen I Knights are a tiny fraction of the average cost to buy a blue-chip NFT. 💭 ****Important to consider:** As Web3 markets rationalize over time, NFTs will become much less speculation-fueled. Floor prices will instead be priced much closer to the real value of the tangible utility that is being provided to holders. Why pay for more than what you receive? To start, Gen I Knights immediately match the utility of the typical blue-chip by receiving the following benefits: - NFT ownership rights - Degen DAO rights: ability to make proposals, ability to participate in committees - Exclusive airdrops - Exclusive rewards - Exclusive events - Exclusive space in Discord and future digital community locations including Metaverse lands On top of those benefits, add in the fact that the team is building a revolutionary Web3-integrated, decentralized sports ecosystem that has the power to touch the lives of millions of fans around the world in exciting new ways when there is a growing, proven demand for such a thing, and the overall picture of this project becomes very clear. # The Verdict ![](https://images.unsplash.com/photo-1645570990200-2701a49d45ca?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=MnwxMTc3M3wwfDF8c2VhcmNofDE1fHxqdWRnZXxlbnwwfHx8fDE2NzM2NTkxMzU&ixlib=rb-4.0.3&q=80&w=2000) Photo by [Conny Schneider](https://unsplash.com/@choys%5F?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) / [Unsplash](https://unsplash.com/?utm%5Fsource=ghost&utm%5Fmedium=referral&utm%5Fcampaign=api-credit) Knights of Degen are an obvious victim of Web3's alignment to hype-fueled speculation as one of the most underappreciated builders in the entire industry. **The proof is in the floor prices.** At around .30 ETH, Gen I Knights are far less valuable than plenty of projects that have delivered less, have no real business model to generate revenue, have a far less ambitious vision, and are simply in the space to exist. In bear markets, the fakes fade away and the real builders survive to prosper when the bull returns. If you're looking for a fun Web3 ecosystem to get involved in with a bright future of innovation run by true builders, Knights of Degen should be considered. Everyone in the NFT space is looking for a project providing sensible and real utility. The compounding ecosystem Knights of Degen is building has a highly-focused target market and consumer experience in mind. They have found their niche and, with the means and opportunity to truly innovate within it, are now looking to establish a lasting presence as a brand with a proper revenue-generating model that touches the lives of millions. As lifelong sports fans and believers in Web3, this whitepaper hits close to home for our team. This is what we want the future of fandom to become. --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- # Join Triana Enjoy the article? Make sure to subscribe to Triana by clicking the image below to stay up to date on all things Web3, tech, and gaming. Hop in our [Discord](https://discord.gg/gyr6hq3ssb?ref=triana.media) and follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) to become a part of our community so you can access all our content and join in on the conversations! [![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/Subscribe-1.png)](https://triana.ghost.io/?ref=triana.media#/portal/) ### Triana Weekly #6: Bear Markets Can't Kill Degeneracy URL: https://www.triana.media/triana-weekly-6/ Last updated: 2026-01-14T22:04:58.000Z The Solana ecosystem has been revived in the most chaotic fashion, proving that memes still rule the world. _This post is for subscribers only._ ### Triana Weekly #5: We've Got Metaverse Trailers Galore! URL: https://www.triana.media/triana-weekly-5/ Last updated: 2026-01-14T22:04:23.000Z Otherside and RTFKT have both taken to the desert this week; very reminiscent of Crypto Twitter today... _This post is for subscribers only._ ### Deep Dive: Oldeus URL: https://www.triana.media/deep-dive-oldeus/ Last updated: 2023-12-20T12:59:29.000Z Oldeus is an ETH NFT project described as a Web3 brand aiming to shape the next generation of manga through decentralization. _This post is for subscribers only._ ### Triana Weekly #4: The Premier Advancement of Our Lives? URL: https://www.triana.media/triana-weekly-4/ Last updated: 2026-01-14T22:01:55.000Z It's been quite the diverse week! We've got nuclear fusion, gaming awards, Solana NFT insights, and more. _This post is for subscribers only._ ### Deep Dive: Claynosaurz URL: https://www.triana.media/deep-dive-claynosaurz/ Last updated: 2023-12-20T12:59:38.000Z As Web3 heads into 2023 after an absolutely insane year, one project has risen to the forefront of attention in the Solana ecosystem. It's time to travel back to distant lands, explore the uncharted, and discover lost artifacts. This is everything you need to know about Claynosaurz! --- # Summary ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/image-62.png) [Twitter](https://twitter.com/Claynosaurz?ref=triana.media) [Website](https://claynosaurz.com/?ref=triana.media) [Magic Eden](https://magiceden.io/creators/claynosaurz?ref=triana.media) [Discord](https://discord.com/invite/claynosaurz?ref=triana.media) Claynosaurz is a collection of 10,000 animated NFTs created by a team of superb, leading animation and game industry artists. The project aims to "rewrite the narrative on how successful IP can be built out of Web3." Their presale was done in a unique way: hand-picked individuals/communities who showed support for the project were granted access and all 2,000 presale NFTs were locked on a 4-week vesting schedule. Nice, I like it. The collection minted November 26th, 2022, and saw immediate success driven by their high-quality animation and refreshing brand concept (who doesn't love dinosaurs?!). After only a few hours, they hit over 131k in trading volume. After a little over two weeks, they had done 600k in volume. The project has recently made some promises about random snapshots for delisted NFT holders that will occur "frequently." The buildup of hype has resulted in an average floor price of approx. 75 $SOL across their three already-launched collections. ### Collections [Genesis ](https://magiceden.io/marketplace/claynosaurz?ref=triana.media)\- The all-access-pass to the Claynosaurz universe. There are six species of Clayno: *Rex, Trice, Stego, Ankylo, Bronto,* and *Raptor.* These are the main characters of the narrative that the Claynosaurz team is creating. Some holders speculate that it could be important to own one of each species to gain the full benefits of the roadmap. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/7501.gif) Raptor [Sardinhas](https://magiceden.io/marketplace/sardinhas?ref=triana.media) \- It's not yet been revealed what these will be, but community members believe that they will turn into Pterodactyls that could assist the Genesis NFTs in some form during gaming experiences. 0:00 /0:03 1× [Claymakers](https://magiceden.io/marketplace/claymaker?ref=triana.media) \- Airdropped to people who held a delisted Genesis NFT(s) and Sardinha(s) in a 1:1 ratio. Some Claymakers are rarer than others and they'll be needed "along the journey to the golden eggs." ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/download_2.gif) Claymakers serve the primary purpose of creating gear for your Claynos. They open the door for dynamic utility, upgradeable NFTs, and a wealth of creativity that holders will be able to experience as they progress along the journey that the Claynosaurz team is leading them on. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/image-65.png) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/image-64.png) ### Team The first thing I love about the team is that they're Solana ecosystem vets. Some of them minted SMB and Boryoku over a year ago! Claynosaurz has amassed a group of clearly talented artists to pioneer the path for the future of this project. With a vast wealth of experience and a presumably large network of connections across creative mediums around the world, it's easy to feel confident that Claynosaurz is in good hands. > PROOF OF WORK 🔊 [pic.twitter.com/qvoDHlm1zn](https://t.co/qvoDHlm1zn?ref=triana.media) > > — Claynosaurz (@Claynosaurz) [November 15, 2022](https://twitter.com/Claynosaurz/status/1592512366591488007?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) # Key Lore ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/Huge_FJORD_CLAYNOS_LATESTWIP.jpg) **"The Fjordz"* Not much of the story has been revealed yet, but it definitely feels like the team is gearing up for something big with a deep narrative for the collection of characters being created. Here's what we know so far: - Claynosaurz gather in a hidden place in the far reaches of the Badlands known as *The Lost Oasis*. It is a "place of peace and common-ground for weary Claynos." - The overall ecosystem of the project is called *Claynotopia*. # Verdict ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/image-67.png) Initially, I wasn't sure what to expect here. My first perspective was that Claynosaurz would simply be another "build a brand" project without much under the surface past the cool art. After diving deep into the project in a research session, I've changed my mind. From what I can tell, there's a great team behind the project and they're building something that could elevate the entire Solana ecosystem. The brand is refreshing, the art is top-of-industry, they've done a great job of captivating an audience, and an epic gamified experience very well could be in store for the future. Kudos. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/image-68.png) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- # Join Triana Enjoy the article? Make sure to subscribe to Triana to stay up to date on all things Web3, tech, and gaming. Hop in our [Discord](https://discord.gg/gyr6hq3ssb?ref=triana.media) and follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) to become a part of our community so you can access all our content and join in on the conversations! ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/3488.gif) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/download--1-.gif) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/download.gif) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/2319.gif) ### Triana Weekly #3: Trouble at the Top of Web3 URL: https://www.triana.media/triana-weekly-3/ Last updated: 2026-01-14T22:01:24.000Z Bear market blues have finally reached Nike's doorstep, Ledger has its iPhone moment, and we answer the question: is it time to start questioning Tether? _This post is for subscribers only._ ### Deep Dive: Valhalla URL: https://www.triana.media/deep-dive-valhalla/ Last updated: 2023-12-20T12:59:50.000Z In the latter portion of 2022, Valhalla has dominated NFT headlines with its unique approach to Web3 centered around gaming, successful funding round, and NFT collection mint. _This post is for subscribers only._ ### Deep Dive: ChatGPT URL: https://www.triana.media/deep-dive-chatgpt/ Last updated: 2023-12-20T13:12:10.000Z ChatGPT became instantly viral upon becoming available for public use. Many are already saying this tool will completely transform how people create, work, and learn. This is everything you need to know about ChatGPT from OpenAI! ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/OpenAI_Logo.svg.png) # Summary ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/deepmind-LIlsk-UFVxk-unsplash.jpg) [ChatGPT](https://openai.com/blog/chatgpt/?ref=triana.media) is an extraordinarily powerful A.I. tool that has recently taken social media by storm with the launch of its open, free-to-use research preview period. The interface operates like a chatbot that you may be used to seeing on a shopping website, but it is able to interact with users in a much more lifelike and conversational way that feels like a 1-on-1 chat with another human. The tool’s ability to provide lengthy, thoughtful answers to questions has stunned users. # Under The Hood ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/deepmind-Snqm29dhfOk-unsplash.jpg) ChatGPT was created by [OpenAI](https://openai.com/?ref=triana.media) (a company co-founded by Elon Musk), the same company that created [DALL·E 2](https://openai.com/dall-e-2/?ref=triana.media), the viral tool that uses written descriptions to create realistic images and art. ChatGPT is a large language model that was trained with a massive quantity of online information from which its responses today are based. It is a “sibling model” to InstructGPT, which is trained to receive prompted instruction and produce a response. The OpenAI team trained the ChatGPT model using a process they call “Reinforcement Learning from Human Feedback (RLHF). Human AI trainers effectively interacted with the tool and provided feedback to help fine-tune results. They also made use of a reward model during the training process that involved comparison of data between two or more model responses. Below is an outline of the iterative training process that occurred in three steps: ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/image-22.png) One of the priorities in creating ChatGPT was upgrading safety from previous tools that OpenAI developed. The team has seen substantial reductions in harmful outputs; the image below shows ChatGPT’s output vs. InstructGPT, an earlier model. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/image-15.png) Left: ChatGPT. Right: InstructGPT # Uses ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/deepmind-E301rX-2CeQ-unsplash.jpg) According to OpenAI, ChatGPT can “answer follow-up questions, admit its mistakes, challenge incorrect premises, and reject inappropriate requests.” Users have already been blown away by the outputs that the tool was able to generate. Some have walked away after comparing ChatGPT outputs to Google search results with the impression that Google search is toast, others have written essays, produced code, [created apps](https://twitter.com/packyM/status/1598405769669771264?s=20&t=fEi3-5ygchvmkFQah1NWGA&ref=triana.media), and developed health plans! > I mean this sincerely when I say that ChatGPT might be the most incredible tech to emerge in the last decade. > > Here's how I got it to create a weight loss plan, complete with calorie targets, meal plans, a grocery list, and workout plan 🧵: > > — Alex Cohen (@anothercohen) [December 4, 2022](https://twitter.com/anothercohen/status/1599531037570502656?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) # Verdict ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/deepmind-kKYDdRoTydk-unsplash.jpg) Without a doubt this is one of the most impressive software tools I’ve ever seen. The implications are world-changing! Writers are having [existential crises](https://twitter.com/unite%5Fcrypto/status/1598489875875078146?s=20&t=7qw8VzWbiqk1344jr7pOJw&ref=triana.media), coders are [realizing that the A.I. takeover is real](https://twitter.com/TheFockinFury/status/1598474015286652933?s=20&t=7qw8VzWbiqk1344jr7pOJw&ref=triana.media), and college essays are [going extinct](https://twitter.com/corry%5Fwang/status/1598176074604507136?s=20&t=7qw8VzWbiqk1344jr7pOJw&ref=triana.media) before our eyes. It will be incredibly interesting to see how this technology continues to evolve and what jobs are replaced by A.I. in the coming years. I’m excited to figure out how this tool can further my productivity and enable me to heighten my capacity for projects. You all better get really comfortable with the idea of the future because from what I can tell, we’re already living in it. > All the best examples of ChatGPT, from OpenAI: > > — Ben Tossell (@bentossell) [December 1, 2022](https://twitter.com/bentossell/status/1598269692082151424?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- # Join Triana Enjoy the article? Make sure to subscribe to Triana by clicking the image below to stay up to date on all things Web3, tech, and gaming. Hop in our [Discord](https://discord.gg/gyr6hq3ssb?ref=triana.media) and follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) to become a part of our community so you can access all our content and join in on the conversations! [![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/Subscribe.png)](https://triana.ghost.io/?ref=triana.media#/portal/) ### Triana Weekly #2: The Dox Heard 'Round the World URL: https://www.triana.media/triana-weekly-2-2/ Last updated: 2026-01-14T22:00:40.000Z This week was WILD. We have the biggest NFT founder on Solana doxxing, Apple not understanding blockchain, Miami nightlife, and tech innovations all rolled into one! _This post is for subscribers only._ ### Deep Dive: Apple VR/AR URL: https://www.triana.media/deep-dive-apple-vr-ar/ Last updated: 2023-12-20T13:16:20.000Z Apple is like the Thanos of technology: whatever new innovations are coming up, it's practically inevitable that the corporation plays a large role in bringing them to global prominence. Augmented and Virtual Reality (VR & AR) are two of the most exciting technologies being primed to break into mainstream adoption with Apple leading the way. This is everything you need to know about the future of Apple VR and AR. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/laurenz-heymann-VkfhJLz5SMQ-unsplash.jpg) --- # Summary Apple is working on two devices: a [mixed reality](https://varjo.com/virtual-augmented-and-mixed-reality-explained/?ref=triana.media#:~:text=Mixed%20reality%20%28MR%2FXR%29,world%2C%20occluding%20behind%20real%20objects.) headset and a device people are calling A*pple Glasses*. These devices, and their competitors from other corporations, will change humanity forever. The current belief of Apple fans is that the headset will launch sometime in 2023 and be followed up by Apple Glasses, which will be a release that some are saying will be as significant as the launch of the iPhone. # Apple Headset - AR & VR ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/image-3.png) Concept Apple Headset Rumored to begin production and launch before Apple Glasses in 2023, Apple's headset will provide both an AR and VR (Mixed Reality) experience to users. This is the current rumor rundown: - Trademarks have been spotted for **Reality One** and ***Reality Pro*** branding. - Price will be between $2,000 and $3,000, but a cheaper version will arrive years later. - Device is expected to be like a typical VR headset, but with exterior cameras and sensors that provide bonus functionality like body tracking and the ability to incorporate real-world environments into a virtual space. - May have an ability for users to see through the device for an AR experience. - The device will weigh between 300 and 400 grams (a little less than a pound). - The priority is using the device in limited time periods for communication, content viewing, and gaming. - The headset may feature Iris scanning tech to authenticate users as soon as the device is put on. - A patent for smart rings has revealed and hints that these wearables may be used to compliment the headset by tracking finger and hand movements. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/image-2.png) Apple Smart Rings ## Why is VR so Important? In the past year, Apple and Facebook have been a number of disputes over what types of data Meta can gain from their iPhone-native users. Meta may have realized that if they want control over their software (their "metaverse" offering), they must control hardware. If people are using Apple's VR headset, it is not farfetched to assume that they would be accessing an Apple-created virtual world instead of Meta's. In typical Apple fashion, they’ve remained patient and watched Meta jump off the deep end into the metaverse with billions of dollars spent on development that has not shown promising results up to this point. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/image-1.png) Meta Avatar Ultimately VR is invaluable for the future because it's going to be a primary access point to the metaverse. The company that solidifies itself as the dominant player in VR will essentially be the primary gatekeeper to the metaverse and ensure that long-term success will be had in the metaverse. Could the stakes be any higher? # Apple Glasses - AR ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/image-4.png) The current belief among Apple fanatics is that Apple Glasses will bring Apple's ultimate vision of AR to life, with the aforementioned headset serving as a stepping stone along the way which can be learned from. Here's what Apple fanatics are saying today: - Apple Glasses are designed to look and act like an ordinary lightweight pair of glasses. - They'll project information and imagery onto the lenses. - Current belief is that the glasses will be postponed to 2025-2026 due to design issues. - The iPhone will remain the gateway to the Apple universe of products, as the glasses will likely connect to the phone. - Glasses will be priced around $400. - Device will rely on the iPhone for processing. - The glasses are expected to bring information from a user’s iPhone to their eyes, like texts, emails, maps, etc. There will also be third-party apps to drive innovation forward. --- # Verdict ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/jessy-smith-zFOm6KzA-7g-unsplash.jpg) I truly don't think there has ever been a more exciting time to be alive as a tech enthusiast. With the metaverse fast approaching with the potential to be a multi-trillion-dollar industry, it's no coincidence that hardware essential to the development of the metaverse is now getting close to seeing the light of day. The metaverse will not be confined to the virtual domain. Through technology like AR experienced by millions of Apple customers, it will bleed into our reality. When the dust settles and the world has a mature metaverse industry, I won't be surprised if the general consensus is that the launch of Apple VR and AR was as significant as the launch of the iPhone. --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- # Join Triana Enjoy the article? Make sure to subscribe to Triana so you can stay up to date on all things Web3\. Hop in our [Discord](https://discord.gg/gyr6hq3ssb?ref=triana.media) and follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) to become a part of our community so you can access all our content and join in on the conversations! ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/12/zhiyue-7DOU5NlNIcE-unsplash--1-.jpg) ### Triana Weekly #1: Web3 may Have a Laundry Problem URL: https://www.triana.media/triana-weekly-2/ Last updated: 2026-01-14T22:00:21.000Z _This post is for subscribers only._ ### Deep Dive: Clone Force URL: https://www.triana.media/deep-dive-clone-force/ Last updated: 2023-12-20T13:00:04.000Z Clone Force is a quality project generating solid buzz within one of the top ecosystems in Web3\. Like [Cultivate](https://twitter.com/CULT1VATE?ref=triana.media), it's a prime example of how powerful the RTFKT community is becoming through the Clone X collection and [release of its 3D files](https://twitter.com/RTFKT/status/1544035652848738304?s=20&t=aWFYSCFSAR76uPg4ulzp6g&ref=triana.media) for creator usage. Here's everything you need to know about Clone Force! ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/11/image-25.png) --- # Summary [Twitter](https://twitter.com/CloneForceTM?ref=triana.media) [Website](https://t.co/0S5AyrzkYj?ref=triana.media) [OpenSea](https://opensea.io/CloneForce?tab=created&ref=triana.media) [Discord](https://t.co/4b4dpSRTkf?ref=triana.media) Clone Force was created by a group of Clone X holders and has the Clone X team’s full support (could there be a partnership or acquisition in the future?). The team has CLEARLY stated that they do not have any direct affiliation with Nike; they look forward to continue building around the Clone X ecosystem. > “We’re Clones from the Clone X community and we’re building on that vision. What you would have probably also already noticed by the interactions on Twitter is that we have their support and that’s all we can really say for the moment.” ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/11/image-16.png) Clone Force Journey Map The ethos of the project is to use storytelling to “bridge the difference between NFT and utility.” Collectors will follow a storyline built to keep the NFTs fresh and engaging; along that path, the NFTs can evolve based on decisions that holders make. The journey begins with the MintStone, “a free-to-mint NFT which is the token gated access to the rest of the collection.” > //INITIALISING CLONE FORCE ON-CHAIN AVATAR SYSTEMS// > > Welcome to the Guardian Builder. > > A system which allows you to Equip, Upgrade and Evolve your Avatar on-chain. > > Mint using Relic: [https://t.co/3wYvLS2LNG](https://t.co/3wYvLS2LNG?ref=triana.media) > OS collection: [https://t.co/kS3K1SOMmd](https://t.co/kS3K1SOMmd?ref=triana.media) > > Read thread for more info 🧵 [pic.twitter.com/46puEVioog](https://t.co/46puEVioog?ref=triana.media) > > — CLONE⚔️FORCE (@CloneForceTM) [November 15, 2022](https://twitter.com/CloneForceTM/status/1592581482882945025?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) ## Collections [CF: The Echo](https://opensea.io/collection/echostone?ref=triana.media) \- EchoStones are the key item in the CloneForce ecosystem. The EchoStones connect to the other parts of the Journey Map; these future drops will not be paid mints. Burn a MintStone to get an EchoStone. [CF: The Calling](https://opensea.io/collection/mintstone?ref=triana.media) \- MintStones are burned to acquire an EchoStone (only pay gas fee). They then become a MintStone II, and that can be used for a future drop. [CF: The Rift](https://opensea.io/collection/mintstone2?ref=triana.media) \- This is the collection of MintStone II’s. [CF: The Nexus](https://opensea.io/collection/thenexusecho?ref=triana.media) \- This is a collection of Relics that are used to mint Guardians. [CF: The Guardians](https://opensea.io/collection/cfguardians?ref=triana.media) \- The upgradeable avatars of the project. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/11/image-17.png) Clone Force Ecosystem, curtesy of Froogul#4347 ## Team [YOBS](https://twitter.com/yobsyobsyobs?ref=triana.media) \- Co-founder [SAFFAKANERA](https://twitter.com/saffakaneraNFT?ref=triana.media) \- Co-founder [TOPRAK3D](https://twitter.com/toprak3d?ref=triana.media) \- Co-founder [LOKAGG](https://twitter.com/LokaGG1337?ref=triana.media) \- COO [EDDSKI](https://twitter.com/eddski%5Fchew?ref=triana.media) \- Head of Animation [NOX](https://twitter.com/0xNox%5Feth?ref=triana.media) \- Developer ## Team Experience RTFKT, M&C Saatchi, Frost, BBDO, RGA, Proto, Griffin Animation Academy, Google, LVMH, L’Oreal. --- > The seal has been broken. > > The Relic is now unlocked. > > Step forth and claim your destiny! [pic.twitter.com/90Rk5lg8RH](https://t.co/90Rk5lg8RH?ref=triana.media) > > — CLONE⚔️FORCE (@CloneForceTM) [November 14, 2022](https://twitter.com/CloneForceTM/status/1592226614162919424?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) --- # Key Lore > "At the dawn of what you would perceive as time, ‘The Founders’ created the Blockchain. The next frontier, a place that came to be known by all inhabitants as the Metaverse. This was a place of unrivaled beauty, a world where everyone was welcome, & all who lived there thrived. As with all creation, balance occurs naturally. For all the purity birthed in the Metaverse, it would be inevitable that dark powers too would manifest. The Founders knew this, and so, created a means to defend the Blockchain. Thus, the EchoStones were forged. This power acts as a fail-safe for our world. A power that calls out for champions when the Blockchain comes under great threat. 7 collosal Stones, hidden deep in The Echo. A place only accessible by holders of a beacon called the MintStone." --- # Verdict ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/11/image-21.png) I was happily surprised by Clone Force after stumbling upon it in a random tweet. The asset quality and holder journey immediately stood out to me, as well as the loose connection to RTFKT. It’s clear that the project has a high-caliber team that is almost like a gathering of the Avengers from the RTFKT community. They've done an incredible job of capturing attention with epic media, and then retaining it with a highly engaging community quest known as "Trials of the Seven", which resulting in the community being given access to mint Guardians. > The seal has been broken. > > The Relic is now unlocked. > > Step forth and claim your destiny! [pic.twitter.com/90Rk5lg8RH](https://t.co/90Rk5lg8RH?ref=triana.media) > > — CLONE⚔️FORCE (@CloneForceTM) [November 14, 2022](https://twitter.com/CloneForceTM/status/1592226614162919424?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) I love how this project is building around the RTFKT ecosystem and could ultimately see them working together in a collaboration or acquisition. Currently there is a very low entry point to accumulate Clone Force assets quickly and I think it’s worth a shot. I purchased five Guardians during my research session and am excited about the future of the project! ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/11/70afdc6d-c756-4972-bb44-ef99e7107731-1.png) --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- # Join Triana Enjoy the article? Make sure to subscribe to Triana so you can stay up to date on all things Web3\. Hop in our [Discord](https://discord.gg/gyr6hq3ssb?ref=triana.media) and follow us on [Twitter](https://twitter.com/TrianaOfficial?ref=triana.media) to become a part of our community so you can access all our content and join in on the conversations! ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/11/image-24.png) ### Deep Dive: KPR URL: https://www.triana.media/deep-dive-kpr/ Last updated: 2023-12-20T13:00:12.000Z Welcome to KPR, one of the most highly-anticipated NFT projects of 2022! In the Web3 industry so far, seeing projects launch with a stacked roster of qualified team members has been a rare occurrence. With KPR fitting the description, it wouldn't have been hard for an early community member to correctly predict that heads would be turned leading into the mint. > This is our time now. [pic.twitter.com/rQ27mIRDuW](https://t.co/rQ27mIRDuW?ref=triana.media) > > — KPR (@KPRVERSE) [November 1, 2022](https://twitter.com/KPRVERSE/status/1587489788088688641?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) There's a lot to unpack with KPR, and with so much mystery surrounding the project, it feels like there's an exciting future ahead filled with more discovery. Let's dive in! --- # Summary ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/11/image-5.png) [Twitter](https://twitter.com/KPRVERSE?ref=triana.media) [Website](https://kprverse.com/?ref=triana.media) [OpenSea](https://opensea.io/collection/kprverse?ref=triana.media) [Discord](https://discord.gg/kpr?ref=triana.media) KPR is a “brand that focuses on collective narrative and empowering storytellers.” Their world seeks to bring together art, stories, and people to reimagine a new genre of media and entertainment. The mint started off rocky with a 1-hour delay due to a “pricing discrepancy within the code” where the mint was paused; it was quickly announced that Keepers who bought and held NFTs from the old contract would be airdropped an NFT and refunded what they paid for on secondary. Despite the hiccup, the project did incredibly well on the open market, raking in 1,300 ETH in volume during the first hour of secondary trading and reaching a floor price of .65 ETH. > Keepers who have bought and are holding NFTs from the previous contract will be airdropped an NFT from our new collection & refunded the amount they purchased for on secondary. Snapshots have been taken as of this announcement. > > — KPR (@KPRVERSE) [November 2, 2022](https://twitter.com/KPRVERSE/status/1587835289829089283?ref%5Fsrc=twsrc%5Etfw&ref=triana.media) Leading up to their mint, they maintained a closed Discord that gradually let people in. There was an initial [application](https://kprverse.com/journal/kpco-application-1?ref=triana.media) process to gain a spot on the “Keepers List” that granted a KPR NFT mint. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/11/image-1.png) ### Collection Details **NFTs** \- 10,000 **Contract** \- 0xd2F668a8461D6761115dAF8Aeb3cDf5F40C532C6 **Owners** \- 3,186 **Unique Owners** \- 32% ### Team [END](https://twitter.com/notrealend?ref=triana.media) \- Co-Founder [Adventure](https://twitter.com/adventure%5FKPR?ref=triana.media) \- Co-Founder [NFDOGGO](https://twitter.com/nfdoggo?ref=triana.media) \- COO [NOISEWAR](https://twitter.com/warandnoise?ref=triana.media) \- Product Lead [LAFFY](https://twitter.com/0xLaffy?ref=triana.media) \- Design Director KHOA VIET - Principal Artist MINH HONG - Artist ANDIAMO - Lore KARMABADGER - Generator ### Team Experience TreasureDAO, EA, Nexon, Nintendo, IBM, Riot, Toys for Bob, Zitga Studios. ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/11/image-2.png) ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/11/image-3.png) --- # Key Lore ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/11/image-4.png) - Kai was the energy source of Earth - An "event" occurred - The Keep is where everything of value concentrated after the event; the "last stronghold of all knowledge" - Keepers protect the Keep at all costs and are agents of power and change - There are two factions: Prisma and Animus > "KPCO is the beating heart of New Eden, with its roots dating back to before the Flicker. KPCO is omnipresent and eternal: it always has been, always is, and always shall be. KPCO has sole and ultimate control over mining, extraction and refining operations at the Keep. Through its independent operations - beyond the reach of politicians and populism - KPCO keeps the lights on and powers all infrastructure within the safe zone." ## Keep. KPR is built on integrity, professionalism, and humility. The Keepers story represents a shared history, creating a foundation for our continued quest for excellence. We learn, we adapt, and we keep evolving. ## Protect. The community is the center of everything that we do. We believe in the power of inclusion and diversity of experience and it is through mutual understanding, empathy and respect that we will thrive together. ## Reimagine. Keepers are windows into a new world, symbols of transformation, and embody our hopes for the future. We display them with pride as we push each other to reimagine possibilities in physical and digital realities. --- # Verdict ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/11/our-heroes.png) "Our Heroes" KPR is the latest example of a highly qualified team putting in a year+ of work (beginning in 2021 when NFTs exploded) and finally coming to market. This is a new meta that took time to develop and it’s one that will ultimately be incredibly beneficial to the NFT space as a whole, as the bar for quality will continue to rise and the influx of top quality talent will rise alongside it. From day one, KPR has done three things incredibly well: ### UX Generally NFT websites are pretty lo-fi to start and upgrades come later. KPR came out of the gate with a site better than any other I’ve seen in Web3 other than Star Atlas. ### Lore Lore is oftentimes an afterthought. The process in NFTs is typically \[ create assets → build IP → create story based on the IP \], which is completely backwards. Lore is the foundation for any project to stand on; in today’s space, it’s what has the power to make a project stand out and truly capture attention if well-executed as in this case. ### Quality art The art is a joy to browse through; I love how the site makes exploring visual content a joyful experience of discovery. The quality is immediately evident and stands out among all other currently existing NFT projects. When connected with the lore, it’s clear that KPR is planning to build a deep experience for their audience, and that much of the groundwork is already laid. --- Overall, this project is raising the bar for the entire NFT space from the very beginning. They’re running with a capable team with a strong background and have proven they have the patience to lay the best groundwork possible before launching their product, a refreshing 180 from what typically happens in the NFT space. The only negative counting against the project is that the future of the project is a mystery; great for keeping attention but not so great from a buyer’s perspective. The utility of NFTs and vision of what the tangible product will be is still under wraps, but in due time all will be revealed. I’m excited to keep a close eye on this project as they grow and see a bright future in store for it! ![](https://storage.ghost.io/c/6d/f4/6df489e1-f592-4124-bffc-589a4aa4102a/content/images/2022/11/prisma-spaceship.png) "Cargo Shipment Vanguard Drone Footage - Declassified" --- *The views and opinions expressed here are for entertainment purposes only and should, in no way, be interpreted as financial or investment advice. Always conduct your own research when making an investment or trading decision, as each such move involves risk. The team members behind Triana are not financial advisors and do not claim to be qualified to convey information or advice that a registered financial advisor would convey to clients as guidance. Nothing contained in this e-mail/article constitutes, or shall be construed as, an offering of financial instruments, investment advice, or recommendations of an investment strategy. If you are seeking financial advice, find a professional who is right for you.* --- # Join Triana Enjoy the article? Make sure to subscribe to Triana so you can stay up to date on all things Web3\. 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