🚀 Deep Dive | Research & Strategy 🔍 AI, Web3, DeFi, and Emerging Trends ✍️ Founder of Jayplay Labs |
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Joined December 2018
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This is fun! Try it. Harder then u think.
can't afford the new Tesla Roadster, so I made a little simulator to feel what it's like lol
took like 3 hours but it's actually pretty fun, and it runs right in your browser
got 2 backflips and 3 kickflips so far.
how many can you land?
roadster.sebayaki.com
As someone who is also using a Ledger to store assets, this is really concerning.
I'm currently thinking about either setting up a MacBook or a new iPhone as my main wallet, with no additional apps or anything else installed.
Self-custody is getting more and more difficult now. Maybe we all have to move to ETFs?
As the industry is anyway removing the cyberpunks and replacing the main figures with suited salesmen, it may be the way to go. Sigh.
I hope all the best for him and his family. Getting robbed in your own home is a terrible experience and getting doxxed and living in a country where these kind of things are happening is normally not a great combination.
if you live in the uk and do crypto get the fuck out
just got my house invaded, taped up held at knife point & robbed for $800k
in so much shock i dont know what the fuck to do, fuck this country. No this is not satire, i fucking wish it was.
wallet with stolen funds
solscan.io/account/B3pMs331k…
The @steemhunt economy has pivoted again and decided to funnel their value into a new kind of NFT.
The Hunt ecosystem had Mini Building NFTs, Hunt NFTs and different kind of activities to increase the value of of the ethereum:0x9aab071b4129b083b01cb5a0cb513ce7eca26fa5 token.
If you had enough share in the ecosystem, you could get a good yield that you could claim every single day.
That kind of ecosystem is now gone and the Hunt team decided to funnel all the values back into one single NFT, called the Factory NFT.
You can transfer your current Main building NFTs and Mini Building NFTs into Factory NFTs, but have to pay the upper side of the NAV in HUNT tokens.
The difference is, that there is no lockup anymore but a 5% burning fee, which will also be used to increase the NAV.
So the best way is, if you are interested in capturing the value within the HUNT ecosystem, to mint your Factory NFTs and wait until the NAV is going higher than 5% to cover the burning fee. Everything else behind that line will be a gain in tokens.
The ledger hack case is spreading faster than I thought. Lesson here should be, never trust resellers? Sigh.
UPDATE: I can confirm that the Ledger supply chain is compromised in Europe as well. @Ledger should initiate an immediate product recall to protect users.
I just purchased a second device from a different Mediamarkt location today, recorded the unboxing process, and discovered spyware once again (video linked in the second tweet).
The device was compromised in the exact same manner, featuring identical modifications (such as additional cables and an LTE module). This indicates its a widespread issue rather than an isolated incident, potentially affecting Ledger inventory across MediaMarkt and Saturn stores throughout Europe (comprising over 1,000 stores across 11 countries).
My initial hypothesis was that these devices were returns that looked unopened to the employees and were just sold again as new however, a MediaMarkt employee confirmed that the device I purchased was not a return, and that returned Ledgers are sent directly back to the manufacturer rather than resold.
Store records show the inventory originated from Aqipa GmbH. While Ledger's CTO was unsure if Aqipa serves as the direct distributor between Ledger and MediaMarkt, it appears to be the case. Given that Aqipa distributes across Europe, any physical retail store receiving stock through them may be at risk.
I sent the first ledger to mark and the second one is going to ledger now, so that they can analyse it.
If you purchased a ledger from anyone other than the official ledger store, make sure to check your device!!
Fun Moments of TOKEN2049
After the serious side of TOKEN2049, here are a few moments that put a smile on my face.
Not every project was in "dark business only" mode. Some also wanted to create a new kind of experience.
Fun things I saw there:
•Ledger let people play basketball to win merch.
•A quite creepy robot with blinking eyes moving around (I don't know which project it belonged to).
•A whole area of arcade games, including Mario Kart. :)
•A booth where you got merch if you threw a ball into a glass of water. Easy but effective.
•@Tangem giving away Pokémon cards, if you know who to ask. About 200 cards were prepared, and one of them was worth over $1K.
•Guests cycling to crush their own fruit juice.
And so on.
What I also liked was that there was enough space here and there to actually sit down, eat, or open your laptop and write some emails. There were also coffee stations and bottled water everywhere, so you could easily stay hydrated.
I didn't try the food or coffee myself, but you could easily get your caffeine fix.
First Impressions from the Main Conference
I'm used to crypto events in South Korea, especially KBW, and this was my first time attending @token2049
To make a long story short, it's a different dimension. TOKEN2049 had three different levels of a similar size, with hundreds of projects coming not only from Web3 but also from TradFi and Web2 infrastructure.
Although there were also a ton of side events going on during TOKEN2049, the main event was well organized and very business-oriented.
Yes, there was merch here and there and the traditional "follow and get merch" mood, but it felt more like CES or IFA, with every single project looking for B2B contacts.
The first level mainly had larger booths, with MEXC in the main hall. The second floor was built for projects that needed a separate meeting room, and the venue was so big and long that I didn't even manage to reach the end of the floor. Companies like Circle, as well as exchanges, had closed-door meeting rooms to hold their business talks in a much more private environment.
The fourth and fifth floors were also filled with a wide variety of projects. Payments, AI, exchanges, hardware wallets, and others had booths to speak with interested business partners.
Some of the smaller one-man booths were empty, as the staff were either hunting for food or perhaps visiting the fair themselves. Most projects were run directly by their team members, so if you had any specific questions, a team member could follow up on the spot.
A few projects also focused heavily on merch distribution, and those with special perks were quite crowded. But the general mood and vibe was about doing direct business.
It took almost 1½ hours just to go through all the halls and take a short look at the booths. So if you don't already have companies in mind, it could take quite some time to find ones you might be interested in.
In general, I would normally say side events and private meetings are enough during crypto event weeks, but it was definitely worth taking a closer look at TOKEN2049.
First Impressions from the Main Conference
I'm used to crypto events in South Korea, especially KBW, and this was my first time attending @token2049
To make a long story short, it's a different dimension. TOKEN2049 had three different levels of a similar size, with hundreds of projects coming not only from Web3 but also from TradFi and Web2 infrastructure.
Although there were also a ton of side events going on during TOKEN2049, the main event was well organized and very business-oriented.
Yes, there was merch here and there and the traditional "follow and get merch" mood, but it felt more like CES or IFA, with every single project looking for B2B contacts.
The first level mainly had larger booths, with MEXC in the main hall. The second floor was built for projects that needed a separate meeting room, and the venue was so big and long that I didn't even manage to reach the end of the floor. Companies like Circle, as well as exchanges, had closed-door meeting rooms to hold their business talks in a much more private environment.
The fourth and fifth floors were also filled with a wide variety of projects. Payments, AI, exchanges, hardware wallets, and others had booths to speak with interested business partners.
Some of the smaller one-man booths were empty, as the staff were either hunting for food or perhaps visiting the fair themselves. Most projects were run directly by their team members, so if you had any specific questions, a team member could follow up on the spot.
A few projects also focused heavily on merch distribution, and those with special perks were quite crowded. But the general mood and vibe was about doing direct business.
It took almost 1½ hours just to go through all the halls and take a short look at the booths. So if you don't already have companies in mind, it could take quite some time to find ones you might be interested in.
In general, I would normally say side events and private meetings are enough during crypto event weeks, but it was definitely worth taking a closer look at TOKEN2049.
Just visited the @SuiNetwork Basecamp, and it is indeed huge. My first impression is that Sui Basecamp alone is almost the size of KBW this year. They booked the entire B2 level at Marina Bay and used the hall to showcase their ecosystem projects, with each project getting enough space to build out its own presentation.
In case you didn't know, Sui Basecamp is a paid event, with tickets costing about 400 USD. Whether that's worth it depends on what you're trying to achieve, but in my opinion it is one of the best places to get to know the projects in the Sui ecosystem.
On the other hand, Sui seems to be spending a lot, a really lot, of money to represent itself in Singapore. It is by far the biggest single-chain event held here, with three different panel stages, DEX and AI projects all at once, and a whole line of catering offering different kinds of food for attendees.
Judging by the size and effort Sui has put in, I should be bullish on the ecosystem. But with a fairly large amount of assets sitting on Sui to generate yield, I'm still missing depth in liquidity and volume. It would be great to see that solved first, so I can be truly bullish on Sui.
Btw, I didn't see Momentum here…
Got a sneak peek of @token2049
A lot familiar names there. Didn’t know that Mexc is having such a big booth there.
Gonna be interesting when Tokens actually starts. As always the whole construction teams are still busy to build the stuff there, but you can already feel the vibe.
Got to the @injective event invited by @AndKrypto .
The venue us in the open directly sided at a swimming pool. Guess if I had been in casual clothes, could jump in, cause it is really hot.
The networking area had been separated and they had air conditioners around the venue, but it was still a bit too hot.
You could still meet a good numbers of interesting people to connect there.
How to network at crypto events (notes from Singapore)
Here in Singapore, almost everyone comes from a project, media, an institution, an LP or a VC. I've met only a few content creators (they call themselves KOLs in Korea, but that's normal there).
That means you need your elevator pitch ready. Know what you're doing and why you're here. A colleague asked me how to cold network on the scene, so here's how I do it.
1. Start with eye contact
If there are name tags with company names, you already know a bit about the person. If not, make eye contact, say hi and open with a line like:
"Hi, I'm Jay, I'm tokenizing gold."
2. Pitch, then ask
If the other person looks interested, give your 1-minute pitch about yourself or the project. Don't forget to ask:
"And what are you doing?"
Based on what you hear, decide whether you want to connect.
3. Connect
In crypto, especially in Asia, connecting via a Telegram QR code is still completely normal. But as more institutions arrive, having a name card ready helps too.
4. Take a photo and send your blurb
After connecting on Telegram, take a picture together. It helps both of you remember the meeting. If you have a blurb ready, send it.
5. Organize with Telegram folders
Create a folder like "Token2049-2026" and put all your new contacts in it. You can find the conversations easily later, and you'll remember when you first met.
6. The most important part comes AFTER the event
You often won't fully realize what company or project you were talking to. Look them up afterwards and find out what they do. Check whether there are angles to work together, then reconnect based on that.
Even if there's no direct need right now, you never know when you'll meet that person again, maybe in a different role. Having already connected, even years ago, is a great starter.
@token2049
Caught a panel mid-session at Gamma Prime's keynote and it turned out to be a good one.
The speakers were Zach Pandl (Grayscale), Will Nuelle (Galaxy), Milton Todd, Simon Koster, Cosmo Jiang (Pantera Capital), Gisele Lai (Fidelity) and Duncan Moir (21Shares).
Zach Pandl, Grayscale: market-wise, his take was "not going down, just good."
Will Nuelle, Galaxy: same direction, a constructive read on where things are headed.
Milton Todd: frontier models will be democratized, and open models will win.
Simon Koster: the long tail of tokens has no reason to exist. He didn't name names.
Cosmo Jiang, Pantera Capital: this is why we need a better index. Today's crypto indexes still hold plenty of tokens with no real value, so a 500-token index only makes sense if it includes tokens that actually have value. He also named no names on stage.
Gisele Lai, Fidelity: tokens without utility have no reason to exist. No utility, no reason to exist.
Duncan Moir, 21Shares: also on the panel.
The common thread was that institutions are done with "everything is a token." The conversation has moved to utility, real value, and better benchmarks.
Singapore vs KBW: first impressions from the ground
Writing it from the @Mantle_Official RWA Day.
Just landed for Singapore's crypto week. Some notes, starting with the non-crypto stuff:
It's hot. The air isn't great. Never walk even short distances. And taxis aren't cheap: with several trips a day, $100 goes fast.
What's different from KBW
1. No merch hunters.
I haven't been to the main venue yet, but at the side events there's none of the swag-grabbing crowd I'm used to seeing in Seoul. That changes everything. Networking here is project-first. At almost any side event, if you just stand quietly, someone walks up and asks what you're building. Conversations start on their own. It's one of the easiest networking environments I've been in.
2. Booths are built around real usage, not merch.
Teams focus on getting you to actually try the product. On Solana, one team built an environment where you can experience CLAMM hands-on, and another pulled people in through a live trading competition. Interest comes from using the product, not from free stuff.
3. Panel quality is about the same.
Honestly, panels in Singapore and at KBW are at a similar level. The depth of insight depends on who's on stage, not the city. And as always, the best insights come from unexpected rooms.
4. Networking is separated from panels.
Most side events set up a dedicated networking space, so panels and networking are clearly split. Many Korean side events mix the two, and networking ends up happening during the talks. The difference is obvious.
Who's here
People I've met range from those moving institutional capital to those building new lending pools. There are crypto-native builders, and also institutions that haven't moved yet and came to watch and learn.
Korean KOLs
Not many, but they show up consistently at the major events. They're the ones relaying news back home, so if you find someone who shares useful updates, follow up with them.
스테이블코인의 다음 1억 유저는 어디서 올까: 테더와 디브릿지에서 들은 이야기
솔라나 서밋에서 들었던 패널 내용을 간단하게 정리를 했습니다.
테더(@tether )와 디브릿지(@debridge ) 관계자들이 했던 이야기입니다.
1. 7억 명이 쓰고 있다
테더 쪽 설명으로는 사용자가 약 7억 명입니다. 투자나 트레이딩 용도만이 아니라 일상 결제에서도 쓰입니다. 스테이블코인의 채택 규모가 트랜잭션 기준으로 카드사를 넘어섰다는 이야기도 나왔습니다. 그래서 테더가 지금 집중하는 것은 신규 유입 이상으로 리텐션과 유즈케이스입니다. 한 번 써본 사람이 계속 쓰게 만드는 이유가 무엇이냐는 질문입니다.
2. 같은 스테이블코인, 지역마다 다른 이유
아시아에 살면 로컬 통화 가치가 그렇게 심하게 떨어지지 않아 스테이블코인의 필요를 체감하기 어렵습니다. 반면 남미는 다릅니다. 인플레이션이 커서 달러 스테이블코인을 그냥 들고 있는 것만으로 헤지가 됩니다. 이 사용자들에게 스테이블코인은 투자 상품이 아니라 생활 방어 수단입니다.
그래서 테더의 타깃은 이머징 마켓입니다. 테더가 발행하는 USAT는 상대적으로 기관 쪽에 가깝습니다. 같은 발행사가 시장을 나눠서 접근하는 셈입니다.
3. 크로스보더와 온/오프램
크로스보더에는 분명한 가치가 있습니다. 다만 국가 간 이동이 늘수록 결국 중요해지는 것은 **온램과 오프램**, 즉 현지 화폐와 스테이블코인을 바꾸는 접점입니다. 지금은 여러 층위에서 각자 다른 방식으로 이뤄지고 있습니다.
4. 이제 돈은 웹3만의 이야기가 아니다
돈이 움직이는 곳은 웹3 안쪽이 아니라 웹2와 금융기관까지 포함합니다. 현대카드와 POC를 진행한 사례가 언급됐고, 한국 기관이 이 흐름에 들어와 있다는 점도 눈에 띄었습니다.
5. 디브릿지가 보는 다음 흐름
디브릿지는 B2B 페이먼트, 소셜 트레이딩 같은 영역에서 이미 일어나고 있는 움직임을 짚었습니다. 아직 대중은 잘 인지하지 못하지만, 이런 곳이 다음 1억 명의 유저가 스테이블코인을 쓰게 되는 자리가 될 것이라는 관점입니다. 물론 마켓 컨디션의 영향은 받습니다.
정리하며
- 스테이블코인의 성장은 가격이 아니라 용도에서 나옵니다.
- 지역에 따라 필요가 다릅니다. 남미는 헤지, 아시아는 결제와 송금에 가깝습니다.
- 병목은 온/오프램이고, 기관이 들어오면서 이 층이 빠르게 정리되고 있습니다.
- 다음 사용자는 "코인을 쓴다"는 인식 없이, 결제나 B2B 정산 안에서 스테이블코인을 쓰게 될 가능성이 큽니다.
Currently at the @solana summit in SG.
It is packed with people and the venue is showing direct competitive trading and project booth without any merch hunting. The panel zone is also separated so that networking people are not interfering with the session.
Dense, loud and a lot of energy here.