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Welcome to Bored Founders News by BFC - the best community for anyone bored by Web 2.0. We're excited to bring you our latest newsletter packed with exciting topics that we're sure you'll love!
In this edition, we've got a little something for everyone:
- Vitalik explains blockchain.
- We're still waiting for the first AAA title in web3.
- We explain what a Gas term in web3 is and even more.
We also share BFC stats at the end of each month.
So sit back, relax, and enjoy this newsletter!
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PS.ย Learn more about BFC on our Discord.
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| | | | ๐ฎ Waiting for first AAA title in web3
๐ฆ๐ป Vitalik explains blockchain
๐ Web3 Express News
โฝ Web3 Dictionary - Gas
๐ BFC Corner - BFC Numbers
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| | ๐ฎ WAITING FOR FIRST AAA TITLE IN WEB3
I can only imagine simple games when considering the future of Play-to-Earn Web3 games. The ones in pixel art style and childish. Don't get me wrong, I like these games, also. But I'm waiting for a big games company to implement web3 into their games.
Some games can update their current mechanism to web3. I see that in several titles:
- card collections in Hearthstone,
It has the sense to make some NFTs inside and coins. It allows people to be even more engaged. Even better will be if any AAA title implements web3 into gameplay.
I dream about the next part of Elder Scrolls, Cyberpunk, God of War, or Call of Duty with some tokenomics implemented. Of course, there is only one AAA king. Maybe the future of Grand Theft Auto is in web3?
Take-Two is developing the most anticipated game in history. The long-awaited GTA 6 is set to redefine gaming and seismically impact the industry.
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Much of Take-Two's future depends on the success of GTA 6. While the company has diversified its portfolio, GTA is still overwhelmingly its primary focus.
Why could web3 in GTA be a great idea?
- GTA has a massive player base worldwide.
- The in-game economy is already established.
- Open-world environment for web3 experimentation.
- Some in-game items have real-world value.
- A long history of innovative features and gameplay mechanics.
So, enter the web3 metaverse with Take-Two's GTA 6.
Will it live up to the hype and define next-gen gaming?
Only time will tell, but the anticipation is real.
What franchise do you see as the first AAA title in web3?
Let us know! ๐ซ
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๐ฆ๐ป VITALIK EXPLAINS BLOCKCHAIN
Why do we need blockchain?
Which products should be built on the blockchain?
Why should applications run on a blockchain network instead of centralized servers?
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These fundamental questions are asked by Vitalik at the beginning of the Proof of Stake book. These are questions that everyone should ask themselves from time to time. Having been in the industry longer, these issues seem obvious, but often the answers can be appallingly unattractive. Unattractive compared to what we read on LinkedIn and Twitter.
We will try to discover the answers to these questions in a moment. First, however, I would like you to read Vitalik's definition of blockchain:
A blockchain is a magic computer that anyone can upload programs and leave the programs to self-execute. The current and all previous states of every program are always publicly visible, carrying a very strong crypto economically secured guarantee that programs running on the chain will continue to execute precisely how the blockchain protocol specifies.
Top keywords? Magic computer, self-execute, publicly visible, protocol, security.
Don't worry. I had to read this definition 3 times before I fully understood it. In the other part of the text, however, I encountered a much more understandable version of the blockchain description, which we can boast about to our crypto doubters friends:
Blockchains are Lego Mindstorms for building economic and social institutions.
Neat comparison, isn't it?
You can read this and more articles on ลwiat Web3 (in Polish).
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โฝ GAS (WEB3 DICTIONARY)
Gas in blockchain refers to the fees users pay for executing transactions on a blockchain network. Gas is the cost required to make changes to the blockchain. It's paid in cryptocurrency.
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But why is gas necessary? It serves as a way to prioritize transactions on the blockchain network, ensuring that they are executed promptly and efficiently. Without gas, the blockchain network would be clogged with transactions, leading to slower processing times and potentially harming the network's functionality.
Gas is usually required for any kind of transaction on the blockchain, including sending cryptocurrency, executing smart contracts, and interacting with decentralized applications (dApps). The amount of gas required depends on the complexity of the transaction and the network's current demand.
Gas prices can fluctuate wildly based on the supply and demand of the network. Gas prices can rise significantly when the network is busy with many transactions, making transactions more expensive. Conversely, gas prices can drop when the network is less busy, making transactions more affordable.
Ultimately, the market forces of supply and demand determine the cost of gas. Users can choose to pay a high gas fee to expedite their transaction or opt for a lower price and wait for the network to process their transaction later.
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- Neal Mohan, the new CEO of YouTube, has highlighted the potential of NFTs. He said that it can be a significant revenue source for content creators on the platform. This focus on NFTs by one of the largest online video-sharing platforms is a positive sign for the mass adoption of web3.
- PROOF co-founder Kevin Rose has shattered the dreams of all its fans. He canceled the highly-anticipated 'PROOF of conference'. Moonbirds are angry!
- Federal judge rules NBA Top Shot Moments are securities. Investors sued Dapper Labs, arguing the value of Moments depended on Dapper's efforts to maintain their private blockchain. The court ruled in favor of the investors, and Dapper Labs faces securities risks for offering NFTs on private blockchains.
- Blur.io battles OpenSea for the top NFT marketplace. They'll airdrop $300M of Blur tokens. Tokens depend on loyalty scores from interactions and trades. Exclusive Blur.io users receive more tokens. Goal: incentivize users and boost growth in the NFT market.
- Gary Vaynerchuk's VeeCon event announced an impressive list of speakers for their May show, with legendary rapper Busta Rhymes leading the way. The event will run from May 18th-20th, with all tickets being NFTs.
- Burn Island, a new platform from VeeFriends, enables NFT holders to burn tokens in exchange for rewards, such as rare NFT collectibles, event access, and more. The first eruption started on February 21 and will run until March 2, with ongoing opportunities for users to earn and burn tokens. It's a fascinating idea.
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๐ BFC NUMBERS (BFC Corner)
Today is the last day of February. Every end of month weโre preparing for you an update with all Bored Founders Club stats. Hope you like it.
Discord
Founders: 376 +3
VIP: 405 +8
Total volume: 21 ETH
Unique owners: 87%
Floor Price: 0.18 ETH
Total volume: 2 ETH Unique owners: 19% Emails: 55 +5
Subscribers: 2356
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| | | | | | | | ๐ Thatโs all for this week.
Thank you for taking the time to read our newsletter. We hope you found it informative and entertaining. At BFC, we are committed to bringing you the latest news and insights from the world of Web3.
We'd love to hear from you if you have any feedback or suggestions for future topics.
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PS. Introduce yourself on our Discord! (channel: #introduce-yourself) |
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| | | DISCLAIMER:
This newsletter is for educational purposes only. Do your own research.
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