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- 🚨 150 million? FAKE NEWS.
Gm, this is the Doodhwala, we’re that one friend that you can call to ask, “Bro, did you finish yesterday’s homework? Can I copy yours?”
Of course you can. Here you go 👇
Here’s the breakdown for today:
🥸 We catch the 15 crore Fake News
🔥 ‘Tis The Gaming Szn
📈 VC Bull Market
😷 Bring the Suraksha
🍼 $9 Billion Still In Reserve
You’re looking really snazzy today. 🤌
🥸 We catch the 15 crore Fake News
Yesterday, we read an article about crypto users in India and immediately went 🤨.
Yeah, this was more sus than that time I walked into an "Authentic Hyderabadi Biryani" restaurant in South Delhi.
But this report was even weirder than biryani with momos (note to self: never try that again!).
This article from BeInCrypto claimed that “Crypto users in India could potentially cross the 150 million mark this year.”
To clarify:
150 million → 15 crore.
This year → 2023.
We just have one question – ARE YOU OUT YOUR GOD DAMN MIND?!?! 🤣
Even the largest exchange in India – CoinSwitch – claims to have only 1.8 crore users!!
But first, we gotta address this picture BeInCrypto used 👇
We haven’t edited that one bit (so, Sanghis don't come after us 🙏)
That’s ☝️ a picture of the Hindu Goddess Kali with cryptocurrencies on her hands. And it’s 💩 cryptos like:
XRP
Cardano
Xenixcoin (???)
The article by BeInCrypto highlights 2 reasons India can reach 15 crore crypto users:
1️⃣ The rise of FinTech (financial technology) companies
This is their logic:
Indian fintech companies use blockchain → Blockchain leverages crypto → Fintech users will use crypto.
Bruh, in the same way I can say:
Everyone uses a mouth → The mouth is used to drink doodh → Everyone with a mouth drinks doodh.
Like wtf?!?! 🤣 🤣 🤣
2️⃣ The adoption of mobile technology
This is their logic:
India has the world’s 2nd largest smartphone market → Smartphones allow digital payments → Digital payments are used to buy crypto.
Bruh, in the same way I can say:
India has the world’s largest drinking glass 🥛 market → Drinking glasses are used to hold doodh → Glasses are used to drink doodh.
Like wtf?!?! 🤣 🤣 🤣
BeInCrypto definitely laid down the 💩 + 🥸 reasons for India’s crypto adoption. But the number – 150 million – was pulled out by someone else.
The article was based on a report by – BitcoinCasinos.
When a company’s name has [crypto] + [something borderline illegal] you know it’s shady af.
This is what BitcoinCasinos said to prove the 150 million number:
According to data presented by BitcoinCasinos[dot]com, India is expected to hit over 156 million crypto users in 2023, or five times more than the United States.
Look at this absolutely non-sensical chart 👇
[I haven’t seen fiction like this since the last Salman Khan movie]
Lol, now it’s gone from 150 million to 156 million. 🤣
Notice the source there – Statista, the enterprise data company.
We tried to search for the report by Statista with this data. We couldn’t find one that mentions 156 million. But there was a survey in November 2022 about Indian crypto investors.
It said:
“In India, the number of people who invested in crypto went from 8% in 2018-19 to 27% in 2021-22”
But does this mean that India’s crypto investors tripled? NO ✋
This is based on a Statista survey of [a max of] 9,000 respondents. Out of which ~2,400 people said they “invested” in crypto.
*facepalms so hard that it hurts my nose*
It seems to us like – this 150 million is also pulled outta Statista’s 🍑.
And companies are using this number to:
Bitcoin Casino → Get people to use their 💩 platform
BeInCrypto → Get people to click + read their 💩 article
When an uninformed crypto investor sees headlines like:
“15 crore Indians will enter crypto in 2023”
They FOMO in. And they’ll FOMO in through the worst platforms like ☝️.
We don't care if you read the doodhwala or not (but pls read), but please don't FOMO in because of FAKE news like this.
🇮🇳 INDIA, Polkadot is here! 🇮🇳
Polkadot is dropping a B – B – C:
⚫️ Big⚪️ Blockchain⚫️ Conference
(wait, what did you think? 👀)
Polkadot NOW India is a conference with the thriving Polkdot community building 🔥 stuff. It'll have people like:
Gautham Dhameja, director at Parity Technologies
Kasper Mai Jorgensen, ex-CFO Web3 Foundation
Anton Khvorov CEO, Nova Wallet
And of course, you can catch your doodhwala bois there repping the Indian community as well.
👀 Polkadot NOW 🇮🇳
📍 Bangalore, India
🗓️ April 1-2
🕹 ’Tis The Season to be GAMING! Fa La La La La
It is finally beginning!
Web3 gaming is entering its Super Saiyan mode and we are SUPER ready for it. 🔥
THREE super web3 gaming news dropped yesterday that propels this entire space into a WHOLE new dimension that even the dude from Interstellar can’t find.
👉 The first one involves → A gaming console
👉 The second one involves → A $4 BILLION game
👉 The third one involves → BIG blockchain 🤝 Underrated blockchain
So what are we waiting for?
Let’s bounce in! 👇
1️⃣ Gaming Console
Remember all those cool game items you collected after countless hours of gaming, only to find out that it ain’t worth a single rupee and your mom was right?
Well, sorry mom. 🤷♂️
You’re wrong!
Sony, the company behind our fav gaming console— Playstation, has pushed yet another patent.
This time, it’s to standardize digital infrastructure that would let you:
✅ Own
✅ Transfer
…digital NFT assets across various video games.
You can basically take the machete from GTA V and use it in FIFA to stop Messi from scoring… again. (at least we wish 🥲)
And Sony wants to bring this to ALL of it’s 112 million playstation users in the next few years.
2️⃣ The $ 4 Billion Game
MapleStory.
The game that:
🗓 Launched in 2003
🔥 Has 180 million users
💰 $4 Billion revenue to date
They are now apeing hard into NFTs by building it in-game for all players. 🔥
The game will also have its very own private Supernet on Polygon that will allow Nexon, the parent company, to have its own dedicated app chain to buidl on.
But here’s the best part: 👇
Unlike most web3 gaming projects…
..there are no presales or mints of these NFTs.
That means players will be able to earn NFT items just by playing the game, without having to spend a single penny on in-app purchases. 💰
Isn’t that a breath of fresh air? 😅
Exciting to see how the players react to these developments with NFTs and crypto.
And lastly..
3️⃣ BIG blockchain 🤝 Underrated blockchain
Much like how two previous rivals, SRK and Sallu Bhai, came together for a common goal— Money Entertainment…
…two supposed rival blockchains are joining hands for another common goal— web3 gaming. 🚀
🟣 Polygon 🤝 Immutable ⚫️
The two BIG players in the Ethereum scaling space, have teamed up to create a brand new network specifically designed for Web3 gaming and they are calling it…
Polytable ❌
Immugon ❌
Immutable zkEVM 🤦♂️
(2/10 for name, 10/10 for the partnership)
Just to be clear, the companies aren’t merging.
They are just creating a new blockchain using their individual capabilities to make it SUPER easy for game devs to build on-chain. 👏
This new chain is going to be:
⚡️ Super Fast
🔒 Super Secure
🤝 Compatible with EVM
Web3 gaming is getting closer to mainstream adoption, and the collaboration between Polygon and Immutable is a big step in that direction.
With these advancements, people can finally put “Big Gamer” in their LinkedIn profiles and finally be proud of it. 🥲
No shame if you are printing cash. 💰
📈 Chaach and Charts: VC Bull Market
Since the Terra LUNA crash in May 2022, we have had so many more heartbreaks:
💔 Celsius/3AC blow up
💔 FTX-SBF disaster
💔 Banking crisis
The crypto market and crypto VC funding reflected these events, hitting new lows.
But it kinda seems like the Summer of Crypto VC is fast approaching! 😎
Laughs in a16z
VC funding into crypto projects has reached its highest since May 2022.
Around $7 BILLION was raised just this month and the month is not even over yet! 🤯
Stripe, although not fully crypto, raised $6.5 Billion at a $50 billion valuation.🔥
Other projects to raise BIG money recently include 👇
Synthetix- $20 million
Kresus- $25million
Auros- $17 million
Mo Money, Mo Problems or Mo Money, Mo Innovation? 🤨
(REPLY and let us know👇)
🛠 Resourcewala: Bring the Suraksha
🔓 Safety.
It’s a hella underrated thing in crypto.
I mean, every day we’re writing about the latest:
One way to protect against these ☝️ things is – safer wallets.
2 ways wallets can be safer are:
1️⃣ Multi-sig: When more than 1 person signs a transaction using private keys.
2️⃣ Social recovery: When social contacts are used to retrieve private keys.
We dunno how these work 🤷♂️ so we asked our boi – VB.
VB?
Vitalik Bhaiya.👇
🍼 Doodhshots: $9 Billion Still In Reserve
❌ No ChatGPT: Coinbase said it would not integrate ChatGPT into its security review process because it does not meet its accuracy requirements. ChatGPT x Coinabase wen?
🇳🇬 Nigerian Dream: MetaMask and MoonPay latest partnership allows Nigerians to now buy crypto tokens directly from their wallets through bank transfer.
🙃 OK-ish Reserves: The centralized crypto exchange, OKX, reveals that they have around $9 billion in reserves after the SVB and Signature Bank collapse. All OK?
❤️ Re-United Llama: A disagreement on DefiLlama around the company token that led to a 'hostile takeover' situation is now squashed after team members said “sowiee” to each other.
⛔️ F*** CBDC: Florida Governor Ron DeSantis announced a new law to protect the rights of Florida citizens from a central bank digital currency (CBDC).
🤣 Milky Meme Of The Day
Crypto nerds: Nah BTC ain’t going up anytime soon!
@balajis:
— Doodhwala 🇮🇳 (@DoodhwalaDaily)
12:11 PM • Mar 20, 2023
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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.