Marcy Housing projects gets own Bitcoin course

Friday. Last day of the work week. We got 99 problems but crypto ain't one. There we did our best impression of Jay-Z. Don't ask us to rap again.

Today's Topics:

• Jack and Jay-Z launch a Bitcoin course

• Tokenomic Trends

• ApeCoin staying on Ethereum

• Quick Links

Jack and Jay-Z launch a Bitcoin course

Jack Dorsey and HOV teamed up for what we hoped would be a new single but instead we got a Bitcoin academy. The Bitcoin Academy will be only for Marcy Houses residents. This is the same housing project Jay-Z spent his formative years and the inspiration for many of his tracks.

So what will they be learning?

Education on Bitcoin and finance via online or in person classes. The goal is to explore Bitcoin as a tool for financial freedom. Basics such as how to avoid scams will also be covered.

There will also be a "Crypto Kids Camp" for children from 5-17.

Online courses have a bad rap. No pun intended. A 2019 study by MIT showed that online courses have an insane 96% drop out rate. It makes your local gym churn look like kindergarten. Can't say we have high hopes on this one as much as we love crypto.

What else do they get?

Each student will get a small amount of Bitcoin. Course participants will also get a MiFi device with a year plan and smartphone if needed. Those attending in person classes will also get dinner. We can get behind that.

How we would run it: If we had the deep pockets of the dual Js we would give each family in the Macy Houses a Bitcoin and teach them how to spend it.

Tokenomic Trends

Robin Ji hooked it up with a comprehensive thread on tokenomics. Interesting to see the orange 'Public Sales' portion get reduced from 55% to 3% over the last 5 years. The strategy seems to be shifting towards rewarding users.

The green 'Community Incentives or Distributions' portion of the charts are for users getting airdropped tokens.

Click on the thread to get the full details.

ApeCoin staying on Ethereum

The ApeCoin DAO voted and they will stay with the Ethereum ecosystem. 53.62% of the people voted in favor. ApeCoin was the token created by Yuga Labs to be the native coin for the Bored Ape Yacht Club NFT project. Holders of APE can vote on governance in the DAO.

Option two would be to build their own Layer 1 blockchain. We call that path insanity mode. We've never been able to beat any game on insanity.

This decision has implications for the Ethereum ecosystem and it is good to see them stay on the ETH ship. We salute them.

Quick Headlines

Seth Green gets his lifted Bored Ape Back - Stolen a month ago the NFT ape is back home with Daddy Seth.

SEC looking into UST Stablecoin Implosion - They want to make sure the marketing is legit.

Web3 NYC Gallery lets mint pass holders display NFTs - Check it out if you are gonna be in the Big Apple.

Mattel releasing NFT on Flow Blockchain - Called Cryptoys owners can dress them up with added NFTs.

Weekend Read:

Anti-crypto media personality - Web3 sucks post. Sometimes it is good to read what the haters have to say.

Funding News:

Oderly Network raises $20M for DeFi DEX protocol - Built on top of Near protocol. 

Floor gets $8M for NFT portfolio app - Started by ex Robinhood and Venmo execs the team is headed into a crowded space.

Hacks:

Optimism Hacker gifts Vitalik 1M OP tokens - Now they still have 19M OP tokens left.

Hit Reply to let us know how we are doing! We would love to hear from you.

Disclosure: We are a newsletter for information only. We are not financial advisors nor do we claim to be. Consult your legal, investment or tax advisor. Crypto is risky. Do you own research.