Historic Ethereum Airdrop (Crypto NFTs CRUSHING It)
If you missed out on this one, you should probably stick around for some of this alpha, because we got information on one of the next airdrops that could be the biggest in the history of ethereum and theres. Still time to get in lets, get it welcome to bible, crypto home with a bit squad, the largest and greatest crypto community in all the interwebs, my name is ben everybody on this channel. I show you how to make money in crypto. If you like money and crypto, then make sure to hit that subscribe, button in this video were going to cover some exciting things happening with ethereum this week. Price of ether hit new. All time highs recently and recently has shown some signs of slowing down, but we believe that it will bounce back with many analysts predicting that five thousand dollars could just be around the corner, its not just the price either. The ethereum community has a lot to be excited about right now. Last week, some of the most hardcore ethereans were rewarded with one of the biggest airdrops since the launch of the uni swap token, when the ens protocol decentralized its governance and airdrop governance tokens to its early users, ens stands for ethereum name service. It allows ethereum users to have simple domain names that connect to their wallet address, so they can easily remember it pass it along to friends. There are a number of different organizations that provide the service, including ens and unstoppable domains, but only users who registered through ens qualified for the airdrop.
This launch was celebrated as one of the smoothest, cleanest and most evenly distributed. Air drops in the history of ethereum, since there are no vcs backing this project. A significant portion of the platforms funds were allocated for the air drop and the future treasury with 25 going to the users in the air airdrop 25, going to the team and other contributors and 50 for the dallas community. Treasury users were rewarded based on how long ago they purchased the domain and how long they rented it for the token was expected to launch somewhere around 10, but has been trading in the range between 60 and 80 dollars. Since, shortly after its launch, most users got hundreds or even thousands of tokens which amounted to a five figure airdrop for many of them. Some early supporters who had their domain names for many years even ended up getting airdrops valued at six figures. Users will now have the option of selling their tokens using them to vote in the platforms, governance or delegating them to a trusted member of the ethereum community to vote on their behalf. The token has held up surprisingly well compared to most other air drops, and much of this is probably thanks to the even distribution and lack of vc involvement, its amazing. What nasa can do when there arent any vcs to dump on us am i right? Dont worry if you missed out on the airdrop, because theyre going to be a lot more of these coming over the next few years.
Many of the decentralized finance products operating today are going to need to launch a governance token as a defensive measure to keep up with competitors and appease regulators. Sec chairman dirty gary ginsler, recently said that most d5 platforms are not as decentralized as they claim they are. He intends to go after the teams that have centralized governance frameworks, so most devi teams will need to launch governance tokens with a fair distribution if they have any hopes of staying out of dirty garys crosshairs. Most of the ethereum based applications are going to end up. Having a token – and many of them are going to be airdropped word on the street – is that the next big airdrop is going to be from metamask. This has been a rumor in the ethereum community for months now, but after the ens airdrop joseph lubin, the founder of consensus, which is the company behind metamask, revealed that the mask token is coming soon now, theres already a mask token trading on a few different exchanges. So they may need to figure out a different ticker to avoid confusion. If you like, getting airdropped the latest in crypto and metaverse news make sure to go ahead and smash that like and subscribe button, but lubin may have been forced to spill the beans a little bit earlier than he wanted after a coindesk rider was trolling consensus on Twitter for accepting investments from jp morgan in response to a defy developer, who is speculating that metamask could be releasing a token soon.
Coindesk writer andrew thurman said that a metamask token would never happen because jp morgan doesnt want tokens on their balance sheet, implying the consensus is essentially controlled by jp morgan isnt. He dead either way. Thats. Certainly a bold claim coming from the propaganda arm of the digital currency group, but it quickly provoked an epic response from joseph lubin heres. What he had to say. Andrew consensus, has thousands of tokens on our balance sheet. Consensus is vigorously controlled by its employees, which includes me, and we are driving toward decentralization of several of our projects when mask stay tuned when objective journalism, sir, what i mean metamask is one of the most used applications on ethereum. So this has the potential to be the biggest airdrop ever. It is not entirely clear when this airdrop is coming or how it will be distributed, but it might be a good idea to use metamask built in swapper, which is basically a decentralized exchange aggregator like one inch or bit swap this is where metamask makes all its Money and a lot of people who are in the know believe that using this service is going to be the key to qualifying for the airdrop now the word is out theres good chance that we will see some more news on this very soon. A token air drop is the perfect move for metamask, even though they have a strong user base. Now other web3 wallets are launching with hopes of taking some of the market share.
This week, coinbase announced that its non custodial wallet is now fully equipped for deep eye and web 3.. The web 3 concept is finally starting to catch the attention of the traditional tech world in a twitter post this week, jason citron, founder and ceo of discord hinted that the popular chat application could soon be integrating crypto functionality with ethereum and metamask. Discord has become home to many nft and d5 communities, as the industry has grown, and there have been a number of security concerns about the centralized nature of the login process. Some projects have had their discord, servers hacked which allowed imposters to take advantage of their communities by masking announcements in trusted channels. This happened last with axio infiniti, which has one of the largest discord servers in the world. Luckily, the team has decided to reimburse anyone who lost money as a result of that hack, its not clear exactly how discord will be integrating ethereum, but allowing for cryptographically projected logins will probably be one of the first moves. An nft verification process similar to what twitter is planning is also possible. Most projects use applications like collab land to prove ownership of nfts or other crypto assets, but there have been some security concerns with fake applications that fish unsuspecting users. Logging in with an ethereum account, could entirely eliminate these types of security risks. If this approach works for discord its highly possible that other applications and platforms could offer ethereum as a login option, the same way they do with google and facebook.
Fortunately, there was a backlash among the gaming community that uses discord, because many of them have a negative view of crypto and nfts. Thanks to fudd media stories about ponzi schemes and pollution. This announcement received a ton of negative comments from misinformed. Gamers, who have been convinced that play to earn gaming is a scam, but sooner or later they will come around. Theyll have to their attitudes, will start changing very quickly once all their friends are making money playing games and theyre, not poor, poor boys. This was also a big week for ethereum staking with the launch of rocket pool, one of the most anticipated and decentralized staking services which allows you to participate in staking on the ethereum network. Even if you have only a little bit of eth, the service was initially scheduled to launch after last month, but was delayed after a competitor discovered, a massive bug in the code and notified the team on monday rocket pool announced that their rescheduled launch was a success. With even more participation than they expected so there you have it the latest in ethereum. That shows how strong its going to be for the rest of q4 and beyond thats.