🧠 BNB..to trust or not to trust?

Seedphrase Family 👋 Welcome back to the newsletter designed to make you smarter. We train hard for these, so you can enjoy them.

Today's Agenda 📓:

• 🤐 Will BNB be the next FTT?

• 💰 Preview of Premium: In Depth NFT Alpha

• 🕶 Frank DeGods Doxxed: Here's his face

• 😂 Meme of the Day

BNB... to trust or not to trust? 🤔

Many in the space are starting to question CZ, Binance, and their native token BNB.

Right now, CZ is swooping in to "save the day," which gives us PTSD back to when SBF was being called a hero. And it looks like we're not the only ones:

Dylan LeClair, a notable thought leader in crypto, wrote a thread on his suspicions:

This is a must read, but here's the summary:

• Red Flag: Flaws in FTT have similarities to flaws in BNB

• Inflated Coins: BNB is outperforming BTC, because its pumped by Binance. Very similar to SOL (pumped by Alameda), & AVAX (pumped by 3AC) who shared similar trajectory.

• Leverage: while CZ claims he has no leverage against BNB, LeClair points to the fact many users DO.

• Single point of Failure: If Binance runs into trouble, it will be a worse black swan event than FTX for the market. Expect sub $8K BTC if this happens.

The old meta, current meta, and new meta: KEEP YOUR CRYPTO ON SELF-CUSTODY. We cannot emphasize this enough.

P.S. We are not FUDing Binance. Make your own conclusions based on the information. We just want to keep you informed!

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🔮 Seedphrase Premium Preview: The State of NFT Markets & their Future.

Today's premium newsletter will help you understand exactly what is going on with NFTs, in order to better position yourself for the next bull run.

We use 6 hours of research, data, and analysis to go over:

• The Shift in NFT culture

• NFT Micro and Macro Outlooks

• 6 Significant Developments

• Front Run the Opportunity

Here's a preview:

NFT's Undergoing a Cultural Shift? 💬

When was the last time you heard someone say degen?

Just 6 months ago, "apeing in" or being a "degen" was pretty common practice. Despite being extremely risky:

• Twitter was flooded with degen success stories of overnight wealth

• TikTokers were pumping random mints every day for degens looking to flip

• Rug pulls were common, because degens created a market of ill informed and fast acting consumers

Naturally, this all simmered down with the bear market.

Flippers have dwindled and fast money has flushed out of the space. To some, they think this means NFTs are dying.

But we know that's not true. Markets move in cycles. This bear market wont last forever, and there's a lot of uncertainty what the next NFT bull market will look like. This newsletter will help you understand what is going on, in order to position yourself to front run the next opportunity in NFTs.

What is happening to NFTs is a mirror image of what's happening to crypto.

Degens are to NFTs what FTX, Luna, 3AC, and Celsius is to crypto.

Translation: The FTX collapse was a result of bad actors being reckless, with only dollar signs in mind. This is textbook degen sh*t.

Many think FTX contagion = death of crypto. But that's far from the truth. The FTX collapse is forcing bad actors to be washed out, and markets are returning to fundamentals.

This is the same for NFTs. Bad actors are getting wrekt.

A Return to Fundamentals: Millionaire, crypto bro, serial entrepreneur, YouTuber, and our favorite guy to quote lately: Alex Becker made a thought provoking thread about the shift in NFT culture:

The TLDR:

• Collectibles: NFTs are becoming more like a true (digital) collectible economy, similar to fancy cars, action figures, or trading cards. These items are bought mainly due to personal interest. Monetary gain tends to be a secondary motive.

• Consumer Behaviors: More and more, we see people acquiring NFTs for the community, the access, the experience, and the identity/IP of the brand. These are things the market heavily lost sight of during the get rich quick bull run.

• An IRL Example: Azuki holders are holding their NFT because they want to be part of the project, its community, experience, and brand more than they want 13ETH.

• Bottom line: People who are collecting and accumulating NFTs don't seem to care about market condition or quick flip potential. Fundamentals are making a come back.

To put it into perspective: Alex Becker used to be a degen king.

During the bull run, he would shill and pump projects VERY hard. His followers would salivate watching floor prices pump after his tweets.

Now, he's coming down from his throne. This is a huge signal. A major shift is coming.

Do not count on degen flip culture to be your path to wealth next cycle. You'll just get rugged.

To keep reading, sign up here and get the first 14 days free:

Frank DeGods Doxxed 🤫

He was known for always covering his face with a mask, sunglasses, and a hoodie.

Now, the founder of of the biggest Solana NFT project, Frank DeGods, has doxxed himself. Here's his face:

Yeah... not what we expected either.

But this is a great thing! It's encouraged tons of creators to doxx themself on Twitter last night. This move is pushing transparency in the entire community, and is moving the DeGods brand forward.

If you liked today's newsletter, share it with just ONE person in your life. It would mean a lot to us 🥰

 😂 Meme of the Day This one hurts...

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