I usually shy away from titles like this, but it’s hard not to. The last week has been utter chaos and it felt disingenuous to ignore it. So, John and I cover a wide array of topics in this episode from crypto’s current affairs.
Token Gamer and NFT Insider have decided to combine forces to launch a weekly podcast, Mint One (formerly WAX Lyrical). John Nichols of NFT Insider and I will discuss a new topic every week, as well as feature special guests. If there’s a topic you’d like us to cover, make sure you let us know through the Token Gamer Discord or Twitter, or the NFT Insider Discord or Twitter.
In the last episode, we had a very special guest: Sebastien Borget, co-founder and COO of The Sandbox. This week… well, where do we start?
Mint One, Episode 44: What the F**k Is Going On in Crypto?
I haven’t been in crypto as long as many, but approaching 6 years is more than enough time to have gone through so absurd weeks in the industry. I have seen hacks the size of a small nation’s GDP, overnight millionaires from meme tokens, and crashes that have wiped out wealth at a terrifying pace. Nevertheless, the past 7 days would probably make it onto the podium for impact.
This episode of Mint One is a bit of a mishmash. After last week’s events, John and I wanted to discuss Atomic Hub Live and NFT London, as well as some headlines that had circulated about Meta’s mass redundancies, and other happenings. But, how could we possibly ignore the downfall of FTX and Sam Bankman-Fried — the wholly unexpected fall of a titan in Web3. This bombshell then — in a more expected fashion — began a chain reaction.
The industry and everyone in it have been affected by FTX/SBF/Alameda Research’s stupidity and the fallout has only just started. The crypto winter has been extended beyond sight and, yet again, we need to dig deep and find ways to survive it, knowing the fruits and the value to come.
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