✋ But it’s NOT an airdrop

Namaste, this is the doodhwala. The crypto newsletter that gives you the SPECIAL treatment even after Valentine’s Day.

You are our Valentine 4eva. ♥️

Here’s the menu for today:

• ✋ But it’s NOT an airdrop

• 😎 Bitcoin NFTs are unstoppable

• 👌 Avalanche got no chill

• 👨🏻‍🦲 Andrew TATE’s BTC stash

• 🤣 Milky Meme of the Day

We mean forever 🫶

✋ But it’s NOT an airdrop

The best Valentine’s Day gifts are:

🌹 roses

🍫 chocolates

🧸 teddy bears

🪂 An airdrop from an NFT marketplace

I know which one I’d like 😍

Blur, the NFT marketplace, announced its airdrop on February 14, and made some definitely single crypto bros very happy.

But the thing is — it’s not an airdrop.

Actually, let me clarify – it’s not just an airdrop of tokens.

First, what tf is an airdrop?

Basically, an airdrop = Free money for degening around.

How much did Blur airdrop?

• 360 million $BLUR tokens

• Airdropped at a price of ~$5

• 45k $BLUR airdrop receivers

FYI: You can track all the holders of the BLUR airdrop here.

Who can receive the airdrop?

• Early NFT traders: Before the October 2022

• NFT creators

• Late NFT traders: After the launch

Okay, why is this NOT like a regular airdrop?

2 reasons.

1️⃣ Care = Tokens

Because Blur is not calling this an airdrop, it’s calling it a “Care Package.”

But it’s not got a boring Care Package with:

🌳 plants that I’ll never water because I’m lazy AF

📚 books with weird titles like “How to love yourself.”

🕯️ candles that I never use and just sit in my wardrobe

Blur’s Care Package = $BLUR tokens.

Now, this ☝️ is the right kinda care package I like.

Next time someone tells me to “take care” imma expect them to give me a care package with airdropped tokens thankyouverymuch!!

2️⃣ Season DROPS

Remember the end of Breaking Bad season 1 when Walter White quit his job as a chemistry teacher to make spoiled milk in the trailer. Wait, spoiled milk is a drug that people get high on right? RIGHT?

Blur wants to do the same thing as ☝️

No no, not sell drugs lol. But drop rewards in seasons.

🗓️ Season 1: October 2022 to February 2023

🗓️ Season 2: February 2023 onwards…

Wait, there’s gotta be a catch!

With everything in crypto, there’s a catch. 😲

When protocols airdrop tokens to users based on activity = Users fake activity to gain tokens.

That’s the simple fact of the crypto lyf.

This happened with the Looksrare NFT marketplace last year when they were dropping $LOOKS tokens and offering staking of these tokens for 800% APY a year.

The 💩 you see in bull markets ☝️ huh lol?

This is happening with BLUR too.

The top 3 addresses who were airdropped BLUR:

💰 ADDRESS #1: 3.2 million BLUR tokens

💰 ADDRESS #2: 2.9 million BLUR tokens

💰 ADDRESS #3: 2.5 million BLUR tokens

All of these ☝️ addresses have been trading NFTs back-and-forth with each other.

See, idk about you but this to us looks like wash trading. Damn, the Breaking Bad analogies write themselves 🤣

Doodhwala’s take:

We dig the stuff Blur is doing for NFTs, and airdropping tokens – either as an incentive mechanism or a governance thing is 👌

This care package + season bit is kinda new tbh. 🤷‍♂️

In the future, Blur can continue incentivizing users through other things like – NFT airdrops, non-native airdrops, lower trading fees etc.

But the problem is – if you work in seasons, then the start of every season will see low activity as people will take a step back.

And then at the end of the season, traffic will build up like 9AM in any part of Bangalore. 💀

And people can game the system to qualify by the end of the season. 💀 💀

And the doodhwala will write about it. 💀 💀 💀

🎮 Gameswala: Guess the View

Yalla Habibi!

Hummus and falafel with some dates on the side if you can guess where this crypto hub is?

(answer at the 👇 bottom 👇 of the email)

😎 Don’t take your eyes off Bitcoin NFTs

Bitcoin NFTs took everyone by surprise.

Kinda like Avatar-2. 🤷‍♂️

We all thought it was 💩 but it has already made over $2.2 BILLION. 🥲

We have written all about it 👉 here.

But ever since they burst into the scene a few weeks back, the growth has been PHENOMENAL! 🔥

Look at these numbers…you’ll know what we mean. 👇

🖼 Total Mints

People just can’t stop minting these NFTs rn.

Over 80,000 Ordinals (a.k.a Bitcoin NFTs) have been minted in less than 15 days. 🤯

💰 Total Fees

Bitcoin miners are having the time of their lives, thanks to Bitcoin NFTs.

How tf? 🤨

‘Cuz miners are the ones who are facilitating all the transactions happening on the Bitcoin Network.

And they get rewarded for doing so…in Bitcoin!

Miners have made over $600k in transaction rewards in less than 15 days. 🔥

🔥 Top Collections

From some of the OG collections on Ethereum to brand-new collections, everything is being created on the Bitcoin Network. 🚀

• Crypto Punks → Ordinal Punks

• Ether Rocks → Bitcoin Rocks

• Taproot Wizards

• Ordinal Loops

These are some of the popular Bitcoin NFTs “inscribed” on the Bitcoin Network. 💪

🤨 How do you mint one?

Currently, the steps to “mint” or inscribe the NFT on the network are a lil hard. 😬

There are 3️⃣ approaches:

1️⃣ Run a node and inscribe an Ordinal yourself

2️⃣ Find an Ordinal owner and buy directly from them

3️⃣ Use a service to inscribe an Ordinal

For the second and third approaches, you can join the Ordinals Discord community and take it from there.

But for the first approach, you are reading the wrong newsletter. 😅

After all, we are just a doodhwala. 🥛

🤔 Flippening: The biggest question in crypto!

Are you ready to stay ahead of the game in the evolving world of digital assets? 🤓

Then we’ve got just the place for you.

The Flippening is a crypto newsletter that keeps you on top of the latest trends.

They focus on the highly anticipated → Flippening.

When Mbappe flips Messi as the GOAT ❌

When Kohli flips Sachin’s century record ❌

When ETH replaces BTC as the most valuable crypto ✅

You'll also get access to:

👉 Exclusive insights and analysis on the dynamic crypto landscape.

👉 360-degree view of the crypto world, from market updates to innovative projects to airdrops.

Get ready to take your crypto knowledge 🚀 with 700K+ other readers.

📢 REFER AND WIN some doodhwala merch 📢

For the first time evaaa, we're giving away the doodhwala merch.

But it's not lame t-shirts with some random company name, but super cool stuff like:

😜 stickers – for your 💻, 📱 and 🚽📘 notebooks – to write your crush's name🍺 mugs – for your doodh, and NOT your beer!!👕 t-shirts – with totally non-controversial things (promise 😉)🧥 hoodies – because we wanna keep you warm in the crypto 🥶 winter🎁 mystery box – with some super cool prizes that’s worth more than 1 Bitcoin

Chegg it 👇

For every confirmed referral (i.e. they confirm their email and drag it to their “Primary” tab from their “Promotions” or “Updates” tab) you’ll get some 🤤 merch.

All you gotta do is share the doodhwala with this link (only available on email, not on web view) 👇

📈 Chaach and Charts: Avalanche got no chill

Most of us experience growth every year. 😇

Be it spiritual, mental or even physical. (our doodh belly grew by a few inches last year 🤷‍♂️)

Even blockchains experience growth. 😲

But no blockchain has experienced this kinda CRAZY growth in the past year than

Solana ❌

Cardano ❌

Avalanche ✅

Yup, Avalanche the fast, scalable, EVM-based Layer 1 blockchain.

The total number of transactions on Avalanche grew from:

🗓️ 2021 → 27 million

🗓️ 2022 → 451 million

That’s a 1500% increase. 🤯

What bear market, amirite? 😅

The biggest driver of growth on this blockchain has been its thriving NFT and gaming ecosystem.

More fun on-chain = More growth on-chain. 🤷‍♂️

🛠 Resourcewala: The Crypto Future of Work

We're all familiar with the traditional corporate (read: boring) world. 💼

But the world of blockchains and decentralized finance is changing errything. 🔥

The main thing it’s changing → W O R K.

• How we work?

• Where we work?

• What do we work for?

In this edition of the Resourcewala immerse yourself in this exciting journey about the future of work!

Where individuals have the power → To work on their own terms like us at doodhwala 💯

🍼 Crypto doodh shots: Andrew TATE’s BTC stash revealed

🦉 Punk WHO?: A museum in Los Angeles received 22 NFTs, including a CryptoPink #3831, from an anonymous NFT collector (and all we receive is tokens like Minerum Polygon!)

👀 Sam’s watching YOU: FTX’s fraud bad boy Sam Bankman Fried was caught using a VPN to access the internet despite being under house arrest (let’s hope he was just losing at LoL)

👯‍♀️ Not twinning now: Ex-Gemini execs are under investigation by the CFTC for issuing Bitcoin futures (thanks regulators for catching the criminals, first SBF…oh wait)

🙌 SilverGOT: Citadel Securities, which wants to build a crypto trading marketplace, buys a 5.5% stake in Silvergate Bank for $25 million (now they have a place to lock up the Constitution)

🏹 ATM-hunting: UK regulators are going after crypto the 27 live and working ATMs because they’re “illegal” (and then let’s hunt the unicorns maybe?)

👨🏻‍🦲 Tate’s BTC stash: Andrew Tate and his brother’s 21 BTC worth about $450k was seized by the Romanian police (what color is your Bitcoin?)

😂 Milky Meme Of The Day

💰Answer💰

Let us know what you think 👇

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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.