GM Seedphrases 👋 We’re the taco shell for your tacos, the meat for your potatoes, and the source for your crypto. Read us and share 😃 

📓 Today’s Agenda:

• 🔥 Hot Headlines

• 🤖 CryptoGPT

• 🚦The RWA Crypto Narrative

• 🗽Seedphrase in NYC

🔥  HOT HEADLINES

📈 Market Headlines

• Digital Asset Trusts & Funds have added over 4K Bitcoin in recent weeks due to a spike in demand caused by traditional banking failures - Learn More

• Twitter is rumored to offer the buying and selling of Bitcoin, Ethereum, and other cryptocurrencies on its platform - Check it Out

• US Presidential Candidate Robert Kennedy Jr. has stated that CBDCs are “the ultimate mechanisms for social surveillance and control" - Learn More

• MetaMask has added a Bridge feature to the MetaMask browser extension, allowing for seamless bridging across different chains - Learn More

🖼 NFTs

• Reddit Gen 3 Digital Collectibles launch crashes the Reddit store site within 30 minutes of the drop going live - Check It Out

• Decentraland Metaverse Fashion Week attendance plummets 76% amid extreme drops in interest and trading volume - Learn More

• NFT Now has released the NFT100, recognizing the top 100 influential creators and community leaders over the past year in web3 - Check it Out

• NBA Top Shots have announced the launch of “Redemptions,” giving you control over the supply of each 2023 NBA Playoffs Moment - Learn More

Tech bros have been shaking in their boots over the last few months with the eruption of AI.

Now, a new kid is on the block, combining AI and cryptocurrency into one.

This is either the start of something beautiful or the biggest top signal known to man. Which one? Honestly, zero clue.

Introducing CryptoGPT, a newly launched layer 2 blockchain attempting to leverage artificial intelligence and blockchain technology.

What does CryptoGPT do? CryptoGPT claims to help users own and monetize their data via its Layer 2 blockchain network that is under development.

Why is everyone talking about CyrptoGPT? Despite launching the project's $GPT token just last month, CryptoGPT has raised $10 Million in a funding round led by DWF, with a token evaluation of $250 Million.

The interesting part of this deal is that $GPTs current market cap is $215 Million, $35 Million less than DWFs evaluation.

As expected, this raised some eyebrows within the crypto community, especially since there is currently little relationship between AI and cryptocurrency.

Seedphrase Take: As we get deeper into the next bull cycles, you can expect to see MANY projects use AI as a buzzword. DO NOT be the sucker who gets trapped holding these projects.

🚦 THE RWA NARRATIVE

RWA is going to be the next big thing, and people are going to make a lot of money, so as always we’re here to put it on your radar EARLYYYY.

What are RWAs? Real World Assets (RWAs) are a growing sector of the crypto economy, as they bridge the gap between DeFi and traditional finance.

Why are RWAs Important? RWAs are physical assets that can be tokenized and represented on-chain. This allows for exposure to the same open market while enjoying sustainable yields backed by traditional assets.

What Do We Think of RWAs? RWAs will undoubtedly be a massive part of our lives over the next few years. The biggest thing holding RWAs back now is regulatory clarity, which will be cleared up soon. (We hope).

What are some examples of RWAs?

➡️ Gold and Precious Metals Tokenized, such as PAXG and XAUT, have surpassed $1 billion in combined market cap as the price of gold approaches its all-time high.

These stablecoins offer investors a way to gain exposure to gold without the fees of an ETF or the burden of storing physical gold.

➡️ Carbon Credit tokenization involves creating a tool within the cryptocurrency ecosystem for trading carbon credits.

This brings liquidity and transparency into the carbon markets, providing pricing signals and standardized data.

And they say crypto is bad for the environment. SMH!

➡️ Equities (AKA Stocks), digital tokens representing equity in publicly traded companies, similar to traditional stocks.

Holders of tokenized stocks gain exposure to the underlying stock but do not actually own shares, instead owning a derivative backed by actual shares.

If you want to learn more about RWAs, but don’t know where to start, check out this thread by @thedefiedge.

🤝 TOGETHER WITH BANKSY-DAO

Invest in multi-million dollar Banksy paintings whilst supporting NFT creators and established artists.

Banksy DAO is building an exclusive auction house that reduces barriers to entry into a market that has historically only appreciated.

Developing an NFT Auction House that opens up opportunities for membership holders to buy art from the world’s most famous artists in both the real world and web3.

The first release will be their new membership passes. Limited to 3,333 Passes

While offering a chance for 25 pass holders to own REAL STAKE in the Esso Banksy painting that could be worth up to $10,000 per share.

Each purchase on the platform will have a fraction of the Banksy included for free. Opening up the opportunity for digital asset investors to diversify their portfolios with real-world assets with every purchase on our platform.

To participate, follow them on Twitter and look out for whitelist opportunities:

🗽 SEEDPHRASE IN NYC

NFT NYC, the biggest Web3 event of the year, is set to start today, April 12th!

With so many events happening at once, knowing which events are happening and where may be overwhelming.

Dont, worry: here at Seedphrase we got your back. We booked flights, made a schedule, found a videographer, and packed our bags (literally on the plane now). To give you the insights and get the alpha from the big apple.

Here are some of the hottest NFT NYC events you won't want to miss & of course we’ll be attending.

Pudgy Penguins

• Event: Pudgy NYC

• Location: The Lightbox

• When: Wed, Apr 12, 7PM-11PM

• Will we be there? ✅

9dcc Treasure Hunt

• Event: 9dcc Bodega

• Starting Location: Brothers Candy & Grocery Store

• When: Wed, April 12th, 1PM - 6PM E‎D‎T

• Will we be there? ✅

Moonbirds / Proof

• Event name: Proof x Beeple

• Location: SILO

• When: Thur, Apr 13. 8PM

• Will we be there? ✅

DeGods Basement Party

• Location: PUBLIC Hotel Basement

• Time: Fri, April 14, 6PM to 10PM

• Holders of DeGods and y00ts Only

• Will we be there? ✅

To find more NFT NYC events, check out this events schedule by Lucky Trader!

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😂 A MEME FOR YOU

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.