Sup, nerds!

Here’s what you’re getting in today’s edition:

• 💅 This is cool: Buy stocks → own Web3 companies
• 🔎 This seems important: Web2 telecom beaten at its own game
• 🤝 Partner: We made merch!
• 🔪 Let's dissect this: Is a PayPal stablecoin a good, or bad idea?

Terms used in this edition (click for an explanation, or ask Web(GPT)3!):
​Web3, Wallet, DeFi, Decentralized, Blockchain, Self-Custody Wallet, NFTs, Stablecoins.

💅 This is cool:

​Buy Stocks → Own Web3 Companies​

In one sentence: Publicly traded Web3 investment firms allow for a broader range of investors (traditional types, like your dad) to invest in Web3.

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In today’s “this is way cooler than it first appears” news...

Everyone’s excited about a Bitcoin ETF, because it’ll allow a broader range of investors to buy into Bitcoin.

Web3 Ventures (ticker “WEBVF”) does for Web3 companies, what a Bitcoin ETF will do for BTC.

The company invests exclusively in private Web3 companies.

Here’s why this is way cooler than it sounds:

To invest directly in a private company in the US, you need to be an accredited investor.

(I.e. have a net worth of over $1 million, or more than $200k in earned income in the past two calendar years.)

That’s out of reach for many.

Public investment companies like WEBVF, allow just about anyone in the US with a pulse (and a trading account) to buy-in to private Web3 companies, without investor accreditation, via the stock market.

Now, here’s the kicker:

This is a bigger deal for your parents, than it is for you (a crypto nerd).

Why? Because we all do what is most familiar to us. Using a Web3 wallet to buy in to all sorts of DeFi tokens is familiar to you.

It might not be for your dear ol’ pa.

He likes:

1. Steaks (cooked medium-rare).
2. Kenny Loggins’ 1986 hit “Danger Zone."
3. His Charles Schwab Stock Trading Interface, that looks the same as it did when he started the account back in ‘95.

Your dad, like many deep-pocketed money managers, could well be interested in the Web3 space, but not yet ready to take the plunge and invest directly into tokens.

Publicly traded Web3 investment firms, like Web3 Ventures, help to bridge that gap and serve new kinds of investors.

Pretty neat!

🥇 Want the news before anyone else?

FOLLOW US ON TWITTER / X

🔎 This seems important:

​Did This Web3 Product Just Become Easier/Cheaper to Use Than Its Web2 Competitors? (Is that even allowed?)​

In one sentence: The crypto powered Helium Mobile network offers unlimited talk/text/data for $20 p/m nationwide w no contract - beating Web2 competitors.

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This might be a first...

A Web3 product that beats its Web2 competitor on ease-of-use and cost (?)

The crypto powered Helium Mobile network just announced that it was expanding nationwide in the US.

The deal they're pitching is:

• BYO phone.
• No contract.
• Unlimited talk, text and data for $20 per month.
• The network piggybacks off T-mobile's network if there isn't access to the decentralized data network.

The reason this article is being written under '🔎 This seems important' is because this is the first time a crypto product has made us want to:

1. Change our pre-existing behavior.
2. Make the jump from a well established Web2 service.

Sure, we use blockchain products all the time! But that's usually because there's no pre-existing Web2 equivalent that got its hooks into us first.

(E.g. Using a self-custody wallet to buy NFTs is a 'Web3 only' kinda thing).

Here's why this is getting us all giddy:

Chevy's currently paying $55 USD per month on T-mobile, the cheaper (Web2) options available to him are:

• Tello, unlimited talk/text/data for $25 pm w no contract.
• Mint Mobile, unlimited talk/text/data for $30 pm w contract.
• Visible (Verizon's cheap young person network), unlimited talk/text/data for $25 pm w contract.

Of the three, Tello gets the closest to matching Helium's deal (it only misses on price, by $5).

But that's the crazy part:

When using blockchain products, we tend to assume they're not going to play nice with Web2 networks and will probably incur higher fees.

Helium is somehow cheaper than the competition and can fall back on the T-mobile (which Chevy is already paying $55 p/m to access).

Wild!

​

🤝 Partner:

​Web3 Merch That Doesn’t Make You Look Like a Douchebag? Can It Be Done?? Let’s Find Out…​

We designed a bunch of tees with a simple goal:

Make a line of Web3 merch that doesn't make you look like a douchebag.

Feel like we achieved our goal?

Click the big red button below to shop the full line, now!

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​

🔪 Let's dissect this:

​Is a PayPal Stablecoin a Good, or Bad Idea?​

In one sentence: PayPal created a stablecoin that could bring more people into Web3 (hoooray!), but also increase centralization at the same time (booo!).

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Okay okay okay. Let’s play pretend.

We’re in debate class.

The question is:

"What is your position on the role of governance, supporting innovation in the field of bio technology?"

Jk, jk. This is a crypto publication.

So it’s a debate about stablecoins, specifically:

"Pro-PayPal stablecoin" vs. "Anti-PayPal stablecoin".

We reviewed the materials last class (we actually wrote about this in August).

And now you get to take sides.

Here is a refresher:

PayPal released a US dollar pegged stablecoin known as PYUSD this year on the Ethereum blockchain.

People are up in arms about the greater influence it will have on the crypto and finance industry. Both 'good' and ‘bad.’

So here's the breakdown:

Up first: Pro-PayPal Stablecoin

• Seeing a globally recognized/utilized brand like PayPal embrace blockchain tech helps to legitimize both stablecoins and the broader crypto space.
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• PayPal is potentially exposing tons of new people to Web3/crypto. There are millions of people connected to PayPal...merchants, suppliers, customers, parent companies.
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• If PYUSD was accessible across multiple blockchains...whoa. It could make for a much easier crypto onboarding process!
  ​
• A stablecoin hosted on PayPal could help a whole slew of people, that don’t have access to traditional banking, become banked (yay!)

Pretty cool.

Okay, now for: Anti-PayPal Stablecoin

• The whole point of Web3 is decentralization.
  ​
  PYUSD could open up TONS of doors for Web3, but ultimately it would mean there is a large, centralized tech company holding a bunch of power and money.
  ​
  And that's exactly what we're trying to get away from.

Debates are hard to settle. So we'll defer to the little girl from the Old El Paso ad and say "why don't we have both?"

Centralized stablecoins (and monetary systems as a whole) are fine by us, as long as there are plenty of healthy decentralized options to choose from.

Pomp Discusses The PayPal Stablecoin

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👇 Other stuff you may have missed

• 💰 Ark Invest Resumes Coinbase Offloading and Buys More Robinhood​
• 🆓 Amazon Prime Is Giving Out Free Card Packs for NFT Game 'Gods Unchained'​
• 👀 Bitcoin Inscriptions Divide BTC Community Amid Network Congestion, but Are 'Unstoppable'​
• 🚀 Bitcoin Futures Open Interest on CME Nears 2021 All-Time High​
• 💬 Coinbase Rolls Out Crypto Transfers via Links Sent on Whatsapp, Telegram​

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Alright, that’s it for today!
Love to the family,

​Chevy, Seb & The Web3 Daily Team.

P.S. Want to learn how to research and value cryptocurrencies? We have a bi-weekly publication that does just that.

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