In the 28th edition of the Gems Corner, I’m going to rant on the coming institutions and why you should position yourself early. Plus some actionable gems as usual.
Let’s face it: Crypto is a bit silent now, TVL is crashing, volumes are hitting rock bottoms, and users are dispersing. To the feeble-minded, Crypto is dead. But to the bold-minded, Crypto is just getting started.
If you watch closely, you’ll discover there’s so much underway. The news is replete with institutions making big moves into crypto in the guise of Bitcoin ETF, Ethereum ETF, and payment integrations, to mention a few.
Here is some of the recent institutional news:
Visa teams up with Solana for Stablecoin settlement
JP Morgan Chase is exploring blockchain-based deposit tokens for payments, settlements.
ARK Invest and 21Shares files for Ethereum Spot ETF
Grab adds support for web3 services
Google Ads Unit open doors to the promotion of NFT games
These are just a few institutional highlights this week, much more occurred in the past months, and many are still in process.
By all means, be ready. We are still in the early phase of crypto, and with these coming institutions - mainstream adoption is not far-fetched. That said, first-movers and action-takers will benefit the most when the time is ripe.
Be the man in the arena…
While the market is quiet, take it as an opportunity to:
Upskill yourself
Create or join alpha circles
Network vertically and horizontally
Balance and re-strategize your portfolio
Gradually accumulate promising gems with potential
Even if you can’t invest, you can become a creator (developer, thought leader, brand influencer, etc.) There’s room for everyone.
Wagmi, fren.
Actionable Strikes
Creditcoin 150k CTC Incentive program is live - link
Mint the Next Airdrop Hunter badge on DeBank - link
Join offramp’s waitlist - list
Mint LayerZero x Zora NFT -
If you bridged tokens to the Optimism network via MetaMask, check this - link
Gold Threads
That’s a wrap.
Thanks for reading!
Until next Friday,
Viktor DeFi.
PS: I’d love to hear your feedback and comments.
Great content