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- Amazon, S&P, Yuga Labs and more headlines
Amazon, S&P, Yuga Labs and more headlines
It's been a great month for crypto, mostly.
GM Seedphrasers π You picked the right email to get your week started off right. We're like your bottle of Gatorade after a night out.
Todays Agenda:
π₯ Hot Headlines
π€ Real Estate NFTS
πΎ Amazon Enters Web3
π₯ Hot Headlines
BTC & ETH Outperform S&P This Year. Since the start of 2023, BTC is up about 40%, holding steady at 23K for the last week. ETH follows closely behind, up about 32% on the year. The S&P is up only 6%, and the NASDAQ is up 11%. Crypto is running laps on equities. - Read about markets π
99% Chance FED Raises Rates in February. According to the CME FedWatch tool, the FED will again raise interest rates by 25 basis points. The media is calling this a "kinder, gentler FOMC." We think that's just the media trying to find the next catchy slogan. For 2023, the FOMC projects unemployment to rise to 4.6%, continued CPI inflation, and GDP growth to shrink to .5%. Nothing gentle about that. - Read about FED π¦
Yuga Labs Co-Founder Steps Back. Citing health concerns, Gordon Goner will be taking a step back from his active role at Yuga. - Read his Tweet π
Azuki Got Hacked, Again. Nearly $1M has been drained from wallets after the Azuki Twitter account was compromised. They posted a Tweet playing on Azuki fans' heart strings, getting them excited for a nonexistent land mint. "If a mint seems random & suspicious, that's because it is." - Read more π₯΄
NFT Active Wallets Down 70% from ATH. While not surprising in this economy, it reveals a hard-to-swallow truth. The NFT industry needs to start prioritizing onboarding new users. You can only go so far with a small group of die-hards (like us). It's time for expansion. - Check it out πΎ
π‘ NFTs make a splash in an Unexpected Place
If you're looking for the next smart money move, it's already here.
Real estate has been one of the best-performing assets for decades. So we spoke to the man who has tokenized the opportunity. We talked about:
How to buy cash-flowing real estate
Using your assets as leverage
How NFTs fit into this picture
Check out our episode with Sanjay Raghavan on YouTube:
π Also available on Spotify and Apple Podcasts.
@eth_sanjay I bought a Roofstock Onchain house and it was a great experience. RS arranged 65% LTV financing and I only had to put $60k to buy a $175k house. Itβs rented and cash flowing at $1700/mo. Thanks @eth_sanjay!
β Adam Slipakoff (@aslipakoff)
6:26 PM β’ Jan 29, 2023
π€ Together With Alts
The Ultimate Investing Tool.
Alternative Assets works hard to explain the hottest unique investment ideas out there. From collectibles, NFTs, Wine, Websites, and even LEGOs. Alts makes it easy to diversify your portfolio. They don't just track the markets, they smash the markets.
Multi-millionaire Gary Vee first made big investments in baseball cards, vintage toys, and wine before ever touching NFTs. Don't knock anything until you try it.
πΎ Amazon says F*ck Crypto. We're all in on Games.
Amazon wants the gamer bros, not the crypto bros.
While many are looking to giants like Google and Amazon for the next wave of web3 adoption, crypto doesn't seem to be a first choice.
Though they didn't explicitly say they aren't rocking with crypto- their actions speak volumes.
Their first move into the web3 industry is:
Keeping crypto at a safe distance away.
Focusing on NFTs.
More specifically, they're into the gamer stuff.
According to an interview in April 2022, Amazon CEO Andy Jassy confirmed they have no plan to integrate crypto payments, though he is very optimistic about the future of crypto.
Amazon is in the early days of developing its web3 strategy, but the signs were always there.
We did some digging and found some old Amazon job listings. Turns out, they have been hiring web3 developers and engineers since 2021. One listing in particular stated they were looking for a "Blockchain Product Lead."
The crypto-gaming narrative is a drum we've been banging on for 6 months now.
Here's your sign to start looking into Amazons web3 moves BEFORE they come out with their official announcement in April.
βοΈ Pro Tip: Amazon has recently partnered with Ava Labs to speed up its web3 plans. Sound familiar? Ava Labs is the team behind Avalanche ($AVAX). Avalanche is the self-proclaimed "world's most developer-friendly Layer 1." Now you know where to start looking.
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research
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