⚙️ From Facebook employees to crypto founders

July 14, 2022

GM 👨‍👩‍👧‍👦

Seedphrase Daily👋 Here to keep your hopes about crypto as high as inflation numbers!

Today’s estimated research time is 5 hours and 23 minutes condensed into a read time of 4 minutes. Stay tuned to where we talk about:

  • 👮‍♂️Inflation report’s effect on the world 

  • ⚙️How Sui solves blockchain’s biggest problem. 

  • 🎬Disney partners with innovative businesses to accelerate their growth.

⚠️Inflation reports are in!⚠️

🙇‍♂️How does this affect the world?

According to the Consumer Price Index (CPI) report, annual inflation hit 9.1% in June.

Record high surpassing analysts' expectations and rising to levels we haven't seen since 1981. 😟

A financial analyst at investment firm City Index said "The big sell-off-means investors have less disposable money to put to work, especially in highly speculative crypto markets." 

Here's how this will affect your world.

The same $1000 dollars that used to get you groceries for a month will now get you groceries for 2 weeks, not because you have less money but because the value of your money is less compared to the commodities being sold on the market.

As your reliable crypto friends here at Seedphrase daily, here's what we suggest:

  • Get rid of any additional expenses you dont NEED

  • Review your overall investment performance over the last 12 months and analyze where you could've improved

  • Double down on your main source of income and bring in more cash

⏭What's next? 

The Producer Price Index (PPI) report will be released Thursday, demonstrating how prices rise from a manufacturer's perspective.

🙌The importance of PPI

Nicholas Colas, the co-founder of DataTrek Research, said.

"As much as CPI matters, there is a school of thought that says PPI provides useful information about the direction of consumer inflation." And "If producer inflation has peaked and is starting to decline, consumer inflation should follow along in the same direction since it is the last stop on the road that starts with raw materials and ends with personal consumption."

🧐What can we do now?

Bitcoin has been a commonly known risk asset correlated with the inverse of other markets. After the reports were released, it raised 4.89%. However, this will be for a short period because inflation rates continue rising, the purge of risk assets will likely continue, and we'll see new bottoms. 

This could be an excellent time to start Dollar Cost Averaging! We talked more in-depth about this trading strategy here.

⚙️How Sui solves blockchain’s biggest problem.

📚Backstory

Sui is a layer-1 platform designed to create an instant settlement, low latency and low cost to power applications for users. Four former Facebook employees founded it. Mysten Labs CEO Even Cheng spent 16 years at tech companies such as Apple and Facebook. The three other employees (Sam Blackshear, Adeniyi Aboidun and George Danezis). They worked on Meta's Novie Financial team that helped develop a programming language called Stablecoin Diem and Move. 

Move is a language used to implement customer transactions and smart contracts that powers SUI's programming model—making Sui the software that Meta was supposed to use for their blockchain network. Did they zucc, Zuckerberg?😅

⚙️How Sui solves the blockchain's biggest problem. 

Cheng said in a statement. "Existing technology suffers from restrictive storage methods and inherently unsafe programmability models, which force developers to compromise on functionality and user experience," 

"Sui solves the most notorious problems in blockchain by delivering unrivalled scalability, premium security, and simplified user experience at the lowest cost."

Sui was designed to solve the biggest blockchain problem: scalability. It uses horizontal scalability to maintain low gas fees and high transaction processing capabilities beyond Visa and Swift. 

🙌Are you not satisfied? SUI also has multiple use cases backing that up! 

  • Airdrops to millions of people in a single,low-costing transaction.

  • Creator-owned decentralized social media networks.

  • Developing blockchain gaming interactions such as equipment crafting, character levelling and battle records stored on the blockchain.

Sui's ability to mirror NFTs and handle on-chain assets will grant new opportunities for blockchain gaming. Lucky Kat Studios spokesperson said, "Imagine importing all your NFTs into a game, upgrading them into new, usable assets and enhancing the gaming experience and the in-game economy," 

 "Not only do the NFTs become a part of the gaming experience, but the game also becomes a part of the NFT."

This is a fantastic thread breaking Sui down. 

With a ton of VC backing and sound technology that helps fill a gap in blockchain while solving a current problem, it could be a potential opportunity for investors once the ICO is released. 👀

🎬Disney partners with innovative businesses to accelerate their growth.

Disney announces the six companies that will join the 2022 Dinsey Accelerator, "a business development program designed to accelerate the growth of innovative companies."

The program is focused on building the future of immersive experiences/technologies such as augmented reality (AR), NFTs and AI characters. 

"For nearly a century, Disney has been at the forefront of leveraging technology to build the entertainment experiences of the future," said Bonnie Rosen, General Manager of the Disney Accelerator program. "The Disney Accelerator is thrilled to be part of that legacy. With our newest class of companies, we look forward to furthering our commitment to innovation and continuing to bring magical experiences to Disney audiences and guests for the next 100 years."

There's a reason they've stayed as one of the biggest companies in the world. 🌍

The partners are some businesses we've already talked about.

Flickplay: Web3 social app allowing users to discover NFTs tied to real-world locations that can be shared via AR.

Inworld: Allows for created AI-driver characters.

Lockerverse: Web3 platform promoting creators and brands to tell culture-defining stories and deliver unique access/experiences.

Obsess: Experimental e-commerce platform that allows brands to create immersive 3D virtual stores on their websites and metaverse platforms.

Polygon: Scalable blockchain network (Built on ETH) to allow developers to build Web3 experiences.

Red 6: AR company that created a patented headset and interface that works outdoors in high-performance environments.

Massive corporations like Disney getting involved is a huge confidence boost for investors. Being innovators of the space for decades and constantly finding ways to stay relevant, it's safe to say they know what they're doing. What if we see a full 4D immersive avengers movie in future. 🔮

Meme of the Day 

None of this is financial advice. This newsletter is strictly educational and is not investment advice or 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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