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Citizen Daily Brief

SocialFi's Second Coming ($)

gm Bankless Citizen, is crypto ready for a social reawakening?
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Apr 16, 2024 • 3 min read
SocialFi's Second Coming
Published on Apr 16, 2024
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Sponsor: Cartesi — Build app-specific rollups with Web2 tooling without the constraints of Web3!

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NEED TO KNOW
Bored Apes Down Bad
  1. 🙈 Bored Apes sink lower. Bored Apes' floor price fell below 10 ETH this week as NFT prices sunk deeper across the board. CryptoPunks are trading below 40 ETH.
  2. ⛏️ Solana mining protocol halts efforts. ORE, a new protocol on Solana that was largely responsible for transaction spamming the network to a standstill, announced it paused transactions and was focusing on its v2.
  3. 💷 Arbitrum's BOLD goes live on testnet. ARB's permissionless validation protocol just went live on testnet, a key step in its journey toward greater decentralization.
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TODAY IN MARKETS
Crypto Investors Go for Gold

📊 Gold Fever. Escalating geopolitical tensions sent onchain degens flocking to gold this weekend. Why didn’t investors turn to BTC as a store of value, and why do they continue to ape precious metals?

Read More on Bankless.com
Prices as of 6pm ET 24hr 7d
Crypto $2.31T ↗ 0.8% ↘ 11.2%
BTC $63,729 ↗ 1.1% ↘ 8.0%
ETH $3,083 ↘ 0.6% ↘ 12.2%
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ANALYSIS
SocialFi's Second Coming with Friend.Tech v2
Bankless Author: David C

Friend.Tech is ready for a comeback.

As Friend.Tech v2 approaches, let's take a look at where SocialFi is right now, what's missing from the sector and if Friend.Tech's imminent release can move the dial.

Let's dig in 👇

Read the Full Rundown
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LATEST POD
Is TIA Modular Money?

Celestia has been one of this bull run's standout performers.

In today's episode, David delves into the interesting dynamics between Ethereum and Celestia. While Ethereum and Solana are often seen as the main rivals, Celestia shares similar design philosophies and goals but with notable differences.

Is it Ethereum's true competitor?

Joining us to help answer that question and much more is Nick White, COO of Celestia Labs 👇

Watch the Full Episode
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LEARN
What We're Reading

Not financial or tax 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. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

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