🎭 3 ways to keep your NFTs safe

Vanakkam, this the doodhwala, the crypto newsletter that's exactly like today's date (and exactly like you) - 10/10 😉

Here’s what we got for youz todayz:

• Apes worth $700k go BYE-BYE 👋

• No. Decentraland ain’t a Ghost Town? 👻

• Solana HALTED a football ⚽️ match

• Milky Meme of the day

New week! New me energy like:

  Apes worth $700k go BYE-BYE 👋

Bored Apes are like destination shaadis in Rajasthan.

No one really like them, but they do it because they can show off to the other families.

But even when showing off, sometimes, things don’t go according to plan.

Just like what happened with this dude.

Dude’s anonymous, so let’s call him — Ape Singh.

Until last week, Ape Singh had 7 Bored Apes.

If you’re new to crypto and NFTs, a Bored Ape is a very expensive NFT (with tons of utility btw).

Ape Singh’s 7 NFTs were worth → $700k (Rs 5 crore) that’s almost as much as the cab ride from Koramangala to the Bangalore airport. 🤯

And in a matter of hours, these NFTs went poof.

Okay, so how’d this happen?

The scammer used something called a “malicious contract” to “wallet drain” Ape Singh.

Tf does this mean 👇

→ Malicious contract: A fake contract that does not execute the intended function of the user

→ Wallet drain: The method by which a malicious contract drains funds of the interacting address

So, here’s what went down:

Ape Singh interacted with a malicious contract → Contract signature opened up → Wallet signed the contract → Malicious contract activated a wallet drain → Wallet drained of NFTs from Ape Singh’s address to the hacker’s address

This kinda thing is scary. And it’s happening often.

We know the doodhwala readooors are big NFT holders.

So, here are 3️⃣ safety (and sanity) tips when using NFTs:

1️⃣ Separate wallets: Use a separate wallets for risky things like new mints, contract interactions, transfers, etc. Especially when interacting with a shady website.

2️⃣ Use hardware wallets: To store your valuable NFTs, always use hardware wallets and keep them in cold storage i.e. off the internet.

3️⃣ Don’t listen to them: It can be anyone — celebs pumping a coin, or shady accounts slipping into your DMs. Just delete and forget. Buy an NFT (or not idc) only after doing your own research.

And of course — read the doodhwala to stay sane in this crypto world.

 No. Decentraland ain’t a Ghost Town? 👻

Ya’ll know at the doodhwala we love the Metaverse.

Not that weird stuff Zuck is tryna create. I mean, what even is this:

I’m talkin about proper Metaverses, like ones that are:

built on an open-source blockchain + have a native crypto powering it + allow users anonymous sign-in

give out free (virtual) doodh 🍼

One example of such a blockchain is Decentraland where users can do a bunch of cool shit like:

💃 dance at nightclubs (without Honey Singh trackz)

🃏 play blackjack (not with a shady Gujju bhai)

☕️ drink coffee (and not hear a BLR startupbro convo)

🍿 watch movies (with no loud uncle-ji talkin on the phone)

Recently, someone pointed out that Decentraland only had 38 daily active users in the past 24 hours.

Why is this bad?

For a project with a marketcap (based on the value of its token $MANA) of $1.2 billion that’s LOW.

This seems like every Salman Khan movie.

Everyone thinks there’s a mad rush to watch it, but it’s the same 5 “BHAI BHAKTs” going again and again.

Back to Decentraland:

👀 Big Crypto media called out the LOW numbers.

👀 Even Indian crypto dudes were dropping Decentraland FUD.

But was it this accurate?

NO!

Here are 2️⃣ reasons why the Decentraland call-out was incorrect:

1️⃣ Contracts only

The number — 38 — was pulled out from DappRadar which tracks “wallets transacting with Decentraland's smart contracts.”

That’s like saying if 5 people go to a restaurant, and one person pays the bill — the number of active users at the restaurant is 1.

what? 🫢

2️⃣ Real count

The real count of daily active users on Decentraland is much MUCH higher, about 180 times higher at 8k visitors.

(however, daily active users dropped by 30% in one month 👀)

These users have visited close to 6.8k pieces of virtual land in the past week.

It’s still less than the autos I’ve seen in BLR traffic jams.

So, does Decentraland have 38 daily active users? → Lolno.

So, does Decentraland have a good number of daily users → Lolno.

🐦 Twitter’s daily users → 0.24 billion

🗣 Facebook’s daily users → 1.9 billion

📸 Instagram’s daily users → 2 billion

Decentraland is not even 0.0004% of the way through.

But it’s a start. 💡

Doodhwala’s take: See, we like Metaverses. And we like them more when they’re run on PUBLIC blockchains.

Metaverses are cool places where crypto loners (like us) who can’t make friends IRL can hang out. Through pixels, anon names, and emojis.

So, when FUD drops, the doodhwala is there to de-FUD-ify. 🥴

Message FROM our Partners

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Solana HALTED a football ⚽️ match

Picture this.

Your favourite sports team (BengaluruFC, Delhi Capitals, Harayana Steelers, Doodhpur Doodhwalas, etc.) are playing in your city.

You’ve been DYING to watch them play! 😩

You FINALLY get your hands on the tickets. 🎫

But the tickets are NFTs. 😅

Yet you buy them even, because why tf not — NFTs are cool, watching your team is cooler.

And on the day of the match, the blockchain powering the NFTs goes 🔻

You’ve bought the tickets. But you can’t verify them using the blockchain.

You’ve missed your match. 😞

You’ve lost your money. 😢

Your dream is over. 😭

How would you feel?

Well, that’s happened to football fans who bought NFT tickets on Solana.

Solana went down on the day of the match and the NFTs and the tickets went poof.

Gone.

As fans were tryna enter the stadium, the blockchain went down, and the Solana stewards couldn’t admit the fans.

Over 40k tickets weren't down the 🚽

And over 40k fans were 🤬

How would this turn out if this happened to your teams fans?

Let us know!

And let us know if you bought any of this?

But seriously, none of this ☝️ is true. We just wanted to write some cringe level shitpost to start off your week.

If we let you down (just like Solana) we’re SOWIEE.

😢

Milky Meme of the Day

If you want more doodh then, be sure to follow our Twitter (@DoodhwalaDaily)

That’s all for today bhaiyo aur bheno! Naale Sigona!

Aakash "Dahi Cheeni" Athawasya & Arvind "Doodh Peda" Krishna

Yo! Our legal and financial advisors (aka our good ol’ conscience) have asked us to add this boring disclaimer.

None of what you read here is financial advice. We aren’t here to get you to buy or sell a crypto. We’re only here to tell you what’s up in crypto today and make you laugh. So, if you screwed up on a trade, that’s on you G. Stay safe in the markets.