🔒A Surprise for You & a New decentralized ‘’discord’’ will run on Bitcoin!

What up, family, 👨‍👩‍👧‍👦

Seedphrase Daily here 👋. Welcome back! This is the #1 newsletter of all Web3 and NFTs. Please ensure you tune in this week, where we give thousands of people valuable daily information. Or, you know… get FOMO because you keep buying the top. 

Today’s estimated research time is 5 hours and 5 minutes condensed into a read time of  3 minutes and 46 seconds. Stay tuned to where we talk about: 

• 🐻 Is this confirmation of the bear market? 

• 🔒 New decentralized ‘’discord’’ will run on Bitcoin! 

• 💰 How can NFT holders make millions through IP rights? 

Before we get started make sure to check out our Youtube video! We will be posting content similar to ones in the Newsletter just video format and extra ALPHA. You can also see our pretty faces. 😌 Subcribe now because we are doing a 1Ξ once we hit 1000 subscribers! 

Ok lets go: 

🐻 Is this confirmation of the bear market? 

Oh, man. The markets have been getting dark these past few weeks, but there could be some light at the end of the tunnel. Let’s do alittle breakdown. 

The average volume the past week has been $20M per day, down 50% from the previous week! This is mainly because derivative projects have been flooding the marketplace and giving people something to buy. To put it into perspective, the average daily volume from the previous bull market was around $100M.

It's safe to say we are in the bear market. 

Let's look at the patterns so we can be prepared better next time. 

In January 2022, OpenSea did $5B in ETH. Looking at the chart, we see the ratio of WETH at 5%. Now sitting at 20%, we typically see more WETH volume when NFT owners are running for their lives and is generally correlated with a bear market. 

Now let's look at the trends in projects being dropped. 

Have you noticed projects telling people "No roadmap or utility" upfront? 

The new meta is here, "shit" projects, with communities being the only thing helping projects thrive in this bear market. If you want to watch us talk about this and other topics, check out our Youtube video! 

How can we have an all-time low volume with an all-time high of unique buyers? 

Because with tons of projects releasing free or next to nothing mints, we still see active users trying to flip a quick penny. But sadly, with Ethereum prices hitting yearly lows, investors don't have the liquidity quite like before. But this allows getting free mints and making profits in the secondary market. Which free mints did you get last week?

Insightful Tweet 

💰 How can NFT holders make millions through IP rights? 

We all know the traditional way to make money in the NFT space is by flipping some projects for profit, buying low, selling high, all that stuff. But that's just the surface. There are so many other ways we can make extra income as this space develops. 

By licensing Bored Apes for commercial use, holders can potentially generate thousands of dollars. When purchasing an NFT, all the art rights are transferred to the new owner. A great example is Snoop Dogg, opening a restaurant with his Bored Ape IP rights! 

It's only a matter of time before people's PFPs become celebrities. 

What needs to happen? How can you help? 

Holding and allowing the NFT project to develop is the best way to work towards this. NFTs are still very early, and we've yet to see real utility IRL. Some Bored Ape holders are working towards starting a business with their Ape IP rights, such as The Nelk Boys (Happy Dad), Seth Green, etc.

Turning your PFP into a character is an opportunity to bring it to life! Who will be the first pioneers to break the barriers? 🛠

Full Article

🔒 New decentralized ‘’discord’’ will run on Bitcoin!

Jack Dorsey just announced that he is working on building a platform called Web5. This new decentralized web leverages bitcoin to put users back in control of their data and identity once and for all.

Web5 will be taking a completely different approach from what the current Web3 is. While now Web3 aims to "blockchain" and "tokenize" all things, Web5 uses just one blockchain (Bitcoin) for one specific use case: identity.

Jack believes that the current Web3 will never achieve true decentralization. 

Tweet

I thought Web3 was decentralized!? 🤨

Well, it is, but not really. For example, OpenSea is a centralized marketplace for NFTs, where they act as a middle man between you and your NFT. That said, they have full access to what they want to show on their platform and to all the metadata from the different wallets. Last month, OpenSea took down Not Okay Bears after trending #1 on their platform. Authorities' ability to control the projects accepted onto their marketplace isn't right for the NFT community. Also, Coinbase does the same thing, they act as a middle man between you and your cryptocurrency, but if Coinbase were ever to go bankrupt, they would technically own your money and take it all with them, lol. 

Full details of Web5

NewSeeds:

Quick Read NewSeeds: 

Bored Ape Yacht Club co-founder warns of potential social media attack. Watch out 👀

Ethereum has dropped to its lowest point since January 2021. Truly heartbreaking. 💔

That’s a wrap! What are you doing to bear with this bear market? Sorry. Just trying to make light of this. Make sure to follow us on Instagram and Twitter for more up to date content! 

Also check out our Youtube Chanel, where we discuss hot topics and some potential calls if you’re too lazy to read. Make sure you subscribe because at 1000 subscribers we are going to be giving away 1Ξ to a lucky person!  

See you tomorrow ✌️ 💎

Meme of the Day 

Disclaimer

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!