🐦 Our take on the “Twitter Coin”

Sat sri akal frens, this is your doodhwala. We’re your trusted Uber that’ll take you through the crypto world in a flash. But unlike an Uber, we don’t cancel on you. 😭

After a buzieee-buzieee week of events, we’re back with the doodhwala daily news.

Let’s start with the prices. (PS: If you want these COW stickers, follow us + DM us on Twitter)

Here’s what we have today:

• 🐦 Our take on the “TwitterCoin”

• 💎 DAOs are forever

• 🙃 Your worst NIGHTMARE became fun

• 🥛 Milky Meme Of the Day

LFGGGGGG

🐦 Our take on the “TwitterCoin”

Twitter, the app you spend 16 hours a day on fighting with a stranger, might launch a coin.

And it might be either an existing crypto or their own crypto. 👀

This is according to a few leaked pieces of code and images by those on the inside. 😯

*Indian aunty gossip mode ON*

Check out these pictures:

My dude — Nima — watermarked these pictures, so gotta give him the creditzz. 👏

And another researcher dropped the bomb about Twitter launching a coin last week.

Funny thing is, she was one of the earlier Twitter users (early-birdeers? tweeters? bird-appoors?) to test out cool features like:

🪐 Twitter Spaces✏️ Edits for tweets🚀 Pumping and dumping cryptos jk jk

But mysteriously 😯 her tweets and her account were deleted

did Elon Musk have her whacked for spilling the TwitterCoin memes?!?

*Indian aunty gossip mode OFF*

What we know is — Twitter is working on a coin. But why is it a big deal?

Let’s start with something most NFTs know nothing about…utility.

💰 Purchases

In-app purchases like subscriptions to Twitter Blue, the ultimate flex — the blue-tick verification, and even some more cool features for creators like:

• long-form notes

• high-quality videos

• prompts for better jokes (plz 🙏)

All of this could be purchase-able through the TwitterCoin. 🤯

(Apple is loving this too, because Tim Cook and frens will get 30% from each purchase, unless they do what Spotify did with its premium subscription)

💰 Payments

👀 this is where the real magic is

The TwitterCoin could unlock direct peer-to-peer payments between accounts either through tips for creators or between random accounts.

So, instead of shitposting, you can send each other $0.69, that’s the ultimate 🖕

Other ideas include — on-chain identity and an NFT marketplace.

Okay, all that is cool. But what kinda coins could Twitter use?

The top 2 picks for this are:

👑 BTC: For its decentralized nature🐶 DOGE: For the lolz

(can I just say that Twitter should integrate DOGE just for the memes it’ll produce)

Doodhwala’s take: We don’t think Twitter will integrate BTC or DOGE for payments.

It’ll be mad difficult to manage a volatile AF crypto like these ☝️ unless they use these to back a more stable crypto 🤔

But SRSLY: The TwitterCoin will be like any other coin launched by a social media company.

It’ll either be:

• Gamified money: Like in-game currency, bought in exchange for fiat currency

• A Stablecoin: Crypto linked to the price of a fiat currency

The latter (that’s second for my CBSE frens) would be the preferred alternative because it will integrate a public blockchain that supports these stablecoins.

But for Twitter to completely support an entirely new blockchain with a volatile crypto (BTC or DOGE) will be hella difficult and major sus.

What kinda reaction do you get when you hear — TwitterCoin? Reply with a DIALOGUE FROM A MOVIE.

The best reply will win $20. 👀 (not in TwitterCoin tho 😭)

Your worst NIGHTMARE became fun 🙃

Did you just FTXed?

We did too. This face, this damn face, is all we see. 😭

At every traffic signal, when I order my 2 idlis 1 vada (with sambar dip of course) and even when I open the door for the Dunzo delivery.

I see Sam’s face.

How do I fix this? How do I fix getting FTXed?

Simple. I play → ftxed.xyz A cool P2E games by the team that brought you:

• FlappyMusk: Get Elon to catch joints (not just on the JRE)

• WhackATate: Punch Andrew Tate’s bald head (Jake Paul alerted)

You can even win some MATIC. 👀

Check it out here:

💎 DAOs are forever

At the end of 2021, DAOs were tha shitt!

Everyone was either, in a DAO or creating one themselves.

Even my sabziwala was thinking about creating one (democratising the price of vegetables, bhaisaab 😅)

But wait…what’s a DAO?

The craze kinda died down when the dominos started to fall after the LUNA fiasco.

But DAOers kept on DAOing. 😎

And the tools to create these DAOs kept on boomin’.

Just look at how these top 5 DAO tools are doing:

• Colony

• Syndicate

• DAO Haus

• Aragon

• Zodiac

Syndicate is MILES ahead!

Around 24k DAOs have been created using Syndicate in just this past quarter! 🤯

The second place Aragon has just around 450 DAOs created with it.

That gap is bigger than the gap in the FTX balance sheet. 😬

In terms of the chains on which these DAOs are built, Ethereum was leading but now two other chains have also taken a considerable amount of market share:

• Polygon

• Gnosis Chain 🔥

In Web2, the infrastructure providers made a SHIT TON of money when compared to most other companies.

Take a look at Oracle or AWS.

So why not do the same in Web3? 😉

And that’s exactly what Syndicate is capitalizing on. 💰

They help spin up an “investment club” that allows a community to collectively invest in anything they want.

This shows that the interest is always there but only the tools just had to get better.

Make it simpler for communities to collaborate and great communities will be built.

Simple af. 🤷‍♂️

3 Numbers from Samolin’s investments

Sam and Carolina, the worst couple since Chris Brown and Rihanna, made a bunch of VC investments.

Here are the top numbers:

$5.4 billion — the amount invested in over 500 companies from the FTX 🤝 Alameda mix of 10 holding companies.

5 Indian companies — that FTX 🤝 Alameda invested in.

• Questbook

• Coinshift

• Chingari

• SahiCoin

• Router Protocol

$1.05 billion — invested in the crypto lender Genesis Digital Assets. This is FTX 🤝 Alameda’s single BIGGEST investment.

Their latest investment in Genesis was as recent as April 2022 just before LUNA popped.

Check out their investments here.

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.