GM 👋 Welcome to Seedphrase, where we trust... but always verify.

📓 Today’s Agenda:

• 🔥 Hot Headlines

• 🛫 Coinbase is Going International

• 😴 Sleep and Earn with NFTs

• 🍔 The Return of Goblintown

🔥  HOT HEADLINES

📈 Market Headlines

• Digital Bank Revolut is now offering Bitcoin and cryptocurrency investments to millions of people in Brazil - Learn More

• $PEPE enters the market’s top 100 cryptocurrencies, soaring to +$500M in Market Cap - Check it Out

• President Joe Biden proposes a 30% climate change tax on cryptocurrency mining - Take a Look

• Crypto exchange Poloniex has agreed to pay over $7.5M to settle charges related to sanctions violations - Learn More

🖼 NFTs

• Lebron James represents RTFKT vs the Warriors. - Check it out

• Blend is now the #1 NFT lending protocol by volume and users on Ethereum, with nearly $16 Million in loan volume since launch - Learn More

• Yuga's Chief Creative Officer gives an overview of the recent Yuga TwelveFold art upgrade and upcoming IRL prototypes - Check it Out

• Meebits announce that MB1.2 is coming soon. More details TBA - Check It Out

• Magic Eden on Polygon released this week's top 10 performing polygon collections in terms of trading volume - Take a Look

🛫 COINBASE INTERNATIONAL

When Coinbase said they are considering leaving the US, they meant business 👀

What happened With Coinbase? Coinbase has announced the launch of Coinbase International Exchange, a perpetual futures exchange for institutional users outside the US.

Unfortunately, due to the 💩 regulatory environment in the US, US-based users will be GEO-blocked from using the exchange.

What are Perpetual Futures? Perpetual futures are a type of derivative contract that allows traders to speculate on the price movements of commodities without actually owning them.

This allows you to make money on trades whether the price goes up or down with leverage, which is not possible on traditional exchanges.

What Can We Trade on the New Exchange? The exchange will list BTC and ETH perpetual futures contracts settled in USDC and initially offer up to 5x leverage.

However, before you get too excited, we must, unfortunately, inform you that this service is not currently available for retail customers, AKA brokies like us 😢

Why Should You Care? Coinbase launching an international exchange could be the first of many kick-in-the-butts the FED needed to get regulators into gear.

Although this may not affect you directly, the more framework the US provides, the more comfortable big players will be to enter the space and PUMP OUR BAGS (hopefully).

😴 SLEEP & EARN WITH NFTS

What if we told you the only thing between you and passive income is owning a jpeg?

By the end of this, you will know how to make passive income off your NFT by:

• Renting

• Staking

• Lending

➡️ Renting allows you to receive fees and interest payments for letting someone else use your NFT for a set amount of time.

Traditionally, this is tailored more towards high-demand projects, such as BAYC, CloneX, or any NFT with multiple use cases, as it provides more utility for the borrower.

Popular Renting Platforms include: reNFT, UnitBox DAO, and IQ Protocol

➡️Staking NFTs is a process similar to staking cryptocurrency, where you lock your NFTs into an NFT staking platform to earn rewards.

Rewards can vary based on the staking period, rate payout periods, number of NFTs staked, type of NFT, and the platform used.

NFT projects known for their staking programs include DeGods, BAYC, and Sappy Seals

Popular Staking Platforms: NFTX, MOBOX, and Zookeeper (ZOO).

➡️You can make money Lending NFTs in two main ways:

• You can take out a loan against an NFT based on its value, use the liquid to trade, stake, etc., and then pocket the difference once you repay the loan.

• Loan funds in return for NFTs as collateral, earning interest payments ranging from 20% to 80%. If the borrower defaults on the loan, you take ownership of the collateralized NFT, which is usually worth more than your loan.

Popular Staking Platforms: Blend, BendDAO, and NFTfi

🤝 TOGETHER WITH MORNING BREW

Stay Informed, Stay Ahead: Sign Up for Morning Brew’s Newsletter and Never Miss a Beat

With Morning Brew, you don't have to choose between being informed and being entertained. Their free daily newsletter delivers relevant news stories with a lighthearted, humorous approach. And with a 5-minute read time, it fits perfectly into even the busiest of schedules.

🍔 THE RETURN OF GOBLINTOWN

Goblintown.wtf dominated the summer of 2022, and it looks like they want to run it back in an even weirder way.

Long story short: Goblintown was the first project to do free mints in a big way, pumped to 8 ETH in an NFT bear cycle, and had people talking like goblins for hours on Twitter spaces.

Goblintown Season 2: Truth Labs, the Web3 company behind Goblintown, is set to release its Season 2 mint called Big Inc, celebrating the culture and community that has created Web3.

Lore TLDR: Big Inc is a large corporation in the fictional Goblintown that has brainwashed animals to become its employees.

Can We Get a Whitelist for Big Inc? If you want to mint a Big Inc NFT, you must first apply with the Truth Labs team, which will analyze your wallet's trading history. To apply, Click Here.

Once your wallet is analyzed, you will be placed on the “down bad board” based on how rekt your trading history is.

The top 1000 worst traders will be able to mint their Big Inc acceptance letter for free for 24 hours alongside holders of other Truth Labs NFT collections.

Mint with $PEPE (Not Joking) Goblintown Season 2 will allow traders to receive a discount on the token mint if they pay in $PEPE. Yes, really.

Standard mint will be 0.096 ETH or about $175. However, traders that pay for the collection in $PEPE will receive a 50% discount, pricing the NFTs at 0.048 ETH or about $88.

What Do We Know About Big Inc Itself?:

There are two main things we know about the Big Inc collection:

• Artwork will be PFP-based, depicting animal heads with "super serious" expressions.

• The collection supply will be 15,000

Although no art sneak peeks have been released, the image shared above is from the Truth Labs team and will likely represent something similar to the PFP art.

GET IN FRONT OF 25K+ CRYPTO INVESTORS

Advertise with Seedphrase to get your brand in front of top crypto degens. Our Seedphrasers are new & active crypto investors who are always looking for their next interesting product or tool. Get in touch today.

😂 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.