Discover more from thatguyintech
Coopahtroopa drama, ERC721A, Moxie
Is it just me or are the days in 2022 flying by already?
Catherine and I are signing a new lease soon for an apartment in San Francisco. We’ll still be based in Sunnyvale, but just commute less now that we have a crash pad in both places. I’m super excited.
Also a quick shoutout to Valerie for appreciating last week’s issue. She’s a great Product Designer, everyone should go follow her on twitter.
Let’s get into the goodies.
Web3 Links of the Week
The Crypto Coven floor price is going crazy!!
- In October we announced that we’re considering building a bitcoin mining system, out in the open & alongside the community, and we’ve decided…we’re doing it! We thought we’d share some more details on how our initial discussions are going and where we’re headed next.Square is considering building a Bitcoin mining system based on custom silicon and open source for individuals and businesses worldwide. If we do this, we’d follow our hardware wallet model: build in the open in collaboration with the community. First some thoughts and questions.jack⚡️ @jack
- should i live stream an exploration of this ERC721A implementation?Introducing ERC721A: An Improved ERC721 Implementation ⛩️ https://t.co/GbKSmmJxoW Azuki has developed a new algorithm, which for the first time *ever* in the NFT space, enables minting multiple NFTs for essentially the same cost of minting a single NFT. https://t.co/3AU9tmin2yAzuki @AzukiZen
Moxie, founder and former CEO of the Signal messaging app, published this reflection on his first impressions of “Web3” after trying things out for a bit. It went viral and has ignited a lot of debate between the supporters and the critics of blockchain tech.
Basically, he asks some great questions, like “sure, everyone’s super excited about decentralization and the future of money and owning the internet, yada yada.. but how decentralized is the industry, really? And do we even really want decentralization? Are you sure?!”
I do think technology always goes through cycles of decentralization and centralization.
In web1 everyone made their own websites and you’d just go to their url’s to read what they had to say. Super decentralized, but no interactivity.
In web2 platforms like Facebook and Google and Amazon started evolving, which let people talk to each other and leave likes and comments, and the tech platform companies would store all of those interactions to sell you ads. Interactive, but super centralized and value-extractive.
Now the vision for web3 is that everyone can own their own data in the form of their wallets, their transactions, smart contracts that are public and shared. The dream is to let everyone own their own piece as they participate online, but the reality is that the way to get there requires services and companies that are reliable and trusted. So even within this current evolution we see decentralized and centralized pieces.
I think that’s just the way that tech evolves.
This Week's Web3 Challenge
For these challenges, tweet at me: @thatguyintech and I’ll feature the best responses in next week’s newsletter!
If you want to try building something cool related to NFTs, check out Alchemy’s new NFT APIs: https://docs.alchemy.com/alchemy/enhanced-apis/nft-api
It’s in closed beta still, but we’re opening it up to the public very soon. If you’d like early access, respond to this email and I’ll reach out!
If you build something with it, tag me on Twitter with your github or website, I’d love to see!
What is your best definition of crypto “staking”? What is an example of someone staking their cryptocurrencies in order to make money? If you had $100,000 in USDC in a wallet, what would be the best staking strategy to make returns?
Cool Stuff Around the Web
That’s it for now! Let me know how you’ve been! I love seeing comments :)