Bankless

Earlier this month the largest asset manager in the world released its first tokenized fund on Ethereum called the BlackRock BUIDL fund. 

We knew this was big… but after recording this episode we’re realizing this is an even bigger deal than we initially thought. Tokenized treasuries on chain Tokenized securities on chain.

The largest institutions in the world are here and they’re tokenizing their assets.

------ 🌐 CRYPTEX | GET INVOLVED WITH GOVERNANCE FOR THE FUTURE OF DECENTRALIZED MARKETS https://bankless.cc/Cryptex_pod 

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------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🏠 CASA | SECURE YOUR GENERATIONAL WEALTH http://casa.io/bankless 

------ TIMESTAMPS 00:00:00 Intro 00:06:46 What Just Happened Last Week? 00:09:09 What Composes This Fund? 00:15:01 Onchain Dividends 00:20:02 Is BUIDL a Security? 00:22:56 Is It Permissionless? 00:26:02 Redeem Function 00:30:47 What Assets Come Next? 00:39:55 Securitize's Role In This 00:42:39 Size of Inflows 00:47:09 Total Market Size 00:50:46 Yield Accounts 00:53:01 Onboarding New Users 00:55:41 When Central Bank Involvement? 00:59:49 Where Do We Go From Here? 01:02:14 Legitimizing Our Case 01:05:04 Next Blackrock Product

------

Carlos Domingo https://twitter.com/carlosdomingo Check out the fund contract on Etherscan: https://etherscan.io/token/0x7712c34205737192402172409a8F7ccef8aA2AEc 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

The Bitcoin ETF was a huge win for Crypto. What’s next? Will an Ethereum ETF be approved?

We brought Matt Hougan & Ryan Rasmussen of Bitwise to explore exactly that. 

We go through what made the BTC ETF so successful, what we need to replicate the process for Ethereum and what comes after the ETH ETF.

------ 📣 PERMISSIONLESS III | BUY TICKETS NOW  Bankless Citizens get 30% off: https://www.bankless.com/tools/perks 

Use BANKLESS10 for 10% off: https://bankless.cc/PermissionlessIII 

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------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30 https://bankless.cc/CTC 

🦄 UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

------ TIMESTAMPS

0:00 Intro 6:50 Bitcoin ETFs So Far 10:40 BTC ETF 2nd Acceleration 22:56 Crypto Default Allocation 26:31 Who’s Buying the BTC ETF? 28:59 Bitcoin vs Gold 36:46 When ETH ETF? 46:39 Forces at Play 53:25 ETH ETF Derivatives 58:38 ETH ETF Price Impact 1:02:10 ETH Narratives 1:08:31 What’s Next 1:12:02 Closing Thoughts

------ RESOURCES

Matt Hougan https://twitter.com/Matt_Hougan 

Ryan Rasmussen https://twitter.com/RasterlyRock  

Bitwise https://bitwiseinvestments.com/  

------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.

See our investment disclosures here: https://www.bankless.com/disclosures  

Bankless Friday Weekly Rollup Last Week of March, 2024 

------

🖼️ NFTFi Borrow ETH or USDC with an NFT at https://bankless.cc/NFTFi_pod 

Check their rewards program at: https://bankless.cc/NFTfi_rewards_pod 

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------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30 https://bankless.cc/CTC 

🦄 UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

------

TIMESTAMPS & RESOURCES

0:00 Intro

3:45 BTC ETF  https://dune.com/hildobby/btc-etfs  https://x.com/WatcherGuru/status/1773069643923570968   https://twitter.com/ki_young_ju/status/1772916778621919490 

7:28 ETH ETF Update https://twitter.com/WatcherGuru/status/1772999593577390172  https://x.com/CraigSalm/status/1772360837094691302  https://x.com/EricBalchunas/status/1772372601098162624  https://dune.com/21co/tokenization-government-securities 

13:00 L2 Update https://x.com/RyanSAdams/status/1772721673541747099 

14:30 BASE TVL: https://l2beat.com/scaling/projects/base  https://x.com/Uniswap/status/1773375430285799546  https://x.com/MSilb7/status/1770621672237720001  https://www.growthepie.xyz/chains/base  https://x.com/0x_Osprey/status/1773044075802849391  https://imgur.com/8GiwM4e  https://x.com/base/status/1772767382362055097  https://twitter.com/jessepollak/status/1773085753850925073  https://x.com/jessepollak/status/1773099759235993725  https://twitter.com/maxbranzburg/status/1772716138499039612  https://twitter.com/hildobby_/status/1772775087562764791  https://x.com/TrustlessState/status/1772736730623332673 

23:45 Markets https://twitter.com/TimmerFidelity/status/1772645291088388128  https://twitter.com/BrantlyMillegan/status/1772314510088409382 

29:50 Blob demand skyrocketing - is it too much for Ethereum to handle? https://twitter.com/nero_eth/status/1771198600405463531  https://x.com/hildobby_/status/1773036022726627795  https://imgur.com/M8N9Plt  https://x.com/ercwl/status/1773152515875340704  https://x.com/Data_Always/status/1773056653664940219  https://x.com/terencechain/status/1773123126202601942  https://x.com/peter_szilagyi/status/1773158997446557930  https://x.com/TrustlessState/status/1773160352479392107 

38:23 Blast Controversy - Rollback the chain? https://twitter.com/PopPunkOnChain/status/1772746208047518025  https://twitter.com/zachxbt/status/1772843238539325947  https://twitter.com/0xquit/status/1772751865467596823  https://x.com/ercwl/status/1772781474867011752  https://x.com/_munchables_/status/1772846122236862789  https://x.com/PacmanBlur/status/1772871466935013701  https://twitter.com/nearisbuilding/status/1772866110733287466  https://twitter.com/jchervinsky/status/1772970536441713001 

46:10 SBF Sentenced to 25 years https://x.com/innercitypress/status/1773376299626574125  https://blockworks.co/news/sam-bankman-fried-sentenced https://x.com/innercitypress/status/1773347397181092141  https://x.com/innercitypress/status/1773349731638394936  https://x.com/TrustlessState/status/1773358297308868973  https://x.com/crypto_bobby/status/1773358858678816783  https://x.com/Dogetoshi/status/1773370058892271763 

53:57 Ethena is launching its token!  https://twitter.com/ethena_labs/status/1773077170132320626  https://www.bankless.com/airdrop-hunter  

55:23 Google integrated ENS into search!  https://warpcast.com/sassal.eth/0x36e35d26  https://twitter.com/RyanSAdams/status/1773076211947765921 

56:57 Did Coinbase lose to the SEC? https://x.com/RyanSAdams/status/1772984052653478333  https://x.com/iampaulgrewal/status/1772993916146479193  https://x.com/iampaulgrewal/status/1772993916146479193  https://twitter.com/jchervinsky/status/1772999508462309511 

58:49 CFTC vs KuCoin  https://www.coindesk.com/business/2024/03/26/crypto-exchange-kucoin-violated-anti-money-laundering-laws-us-charges/  https://twitter.com/jchervinsky/status/1772666739995595007 

59:50 Kraken Financial, a state-chartered bank, is live!  https://twitter.com/davidlripley/status/1770952985411301724 

1:00:37 Raises and BVC Investments  https://x.com/build_on_bob/status/1773020961597452634  https://twitter.com/SuccinctLabs/status/1770843544388771914 

1:02:41 MEME of the Week https://twitter.com/liamihorne/status/1772363988757561474 

1:03:23 Closing & Disclaimers

1:03:33 Moment of Zen https://x.com/outttoforderrr/status/1773020500060512767  

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠  

On today's episode of Bankless Takes we're exploring the current state of crypto's social layer. Are we in this for the right reasons, or has crypto lost the plot?

------

🖼️ Borrow ETH or USDC with an NFT on NFTFi https://bankless.cc/NFTFi_pod 

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🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30 https://bankless.cc/CTC 

🦄 UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

------ TIMESTAMPS 00:00 Start 05:16 The Worst Memecoins 10:37 How We Got Here https://x.com/reganbozman/status/1769775181722190293?s=46 

13:56 Have We Lost The Plot? https://polynya.mirror.xyz/ptscXuh3J3KOj2uJAn0vrEanpn2nauwA7iytYZ4cM9U 

19:39 Celebrating Criminals https://x.com/laurashin/status/1772407168760713454?s=20  https://x.com/TrustlessState/status/1772313252183126314?s=20  https://x.com/TrustlessState/status/1772428935206183082?s=20 

26:55 Long Term Focus https://twitter.com/RyanSAdams/status/1772320119504449592?s=20 

31:10 Don't Ignore The Bad, Pursue The Good https://twitter.com/nic__carter/status/1771980083667861734?s=20 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠ 

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-pacman-blast-l2  

------ Pacman is one of the most interesting builders in crypto right now. After creating Blur, a disruptive NFT exchange, the crypto wonder kid is targeting the L2 space with his new yield bearing L2 called Blast.

In this episode, we cover Pacman’s story, how he built Blur, how he pioneered Points and finally, we get into Blast, the already third largest L2 in TVL.

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------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30 https://bankless.cc/CTC 

🦄 UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

------ TIMESTAMPS

0:00 Intro 6:45 Pacman’s Story 24:40 Blast’s Perception 29:36 Blur 34:45 Points 47:55 Blast Genesis 54:35 Blast’s Native Yield 1:19:05 Yield Risks 1:23:15 Net Gas Revenue 1:26:00 Projects on Blast 1:30:12 Is Blast a Multisig? 1:32:51 Blast’s Vision 1:34:10 Blast on OP Superchain? 1:36:53 Closing Thoughts

------ RESOURCES

Pacman https://twitter.com/PacmanBlur 

Blast https://blast.io  

Pacman Blur’s Episode https://www.youtube.com/watch?v=KBKRrKtGTY8 

------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.

See our investment disclosures here: https://www.bankless.com/disclosures  

Bankless Friday Weekly Rollup 3rd Week of March ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium 

------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30 https://bankless.cc/CTC 

🦄 UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

------ Timestamps & Resources: 00:00:00 Welcome to Bonkless https://twitter.com/RyanSAdams/status/1770089383850312109  https://twitter.com/RyanSAdams/status/1733256908230775194/photo/1 

00:05:24 MARKETS https://pro.kraken.com/app/trade/btc-usd 

00:06:39 Why Selloff? https://twitter.com/tedtalksmacro/status/1770297816138887223  https://www.coinglass.com/LiquidationData  https://twitter.com/Jesseeckel/status/1769339678988157077  https://imgur.com/wAzzwcj 

00:13:14 Solana Memecoin Mania https://www.theblock.co/post/282993/solana-memecoin-volume-fees-highs  https://cryptopragmatist.com/p/memecoin-mania-hits-solana  https://twitter.com/phantom/status/1767610926461538795  https://x.com/RyanSAdams/status/1769758122929693116?s=20   https://twitter.com/RyanSAdams/status/1768735643964723427?s=20 

00:20:00 Problems to Solve https://dune.com/scarn_eth/solana-tx-fail-rate 

00:22:18 $100M in 48 hours  https://x.com/0xGumshoe/status/1769407082908832193?s=20  https://twitter.com/zachxbt/status/1769948459266707961?s=20 

00:25:04 Slerf Deleting $10m https://x.com/Slerfsol/status/1769628588809031864?s=20 

00:29:04 Blobs and Base https://dune.com/0xRob/blobs 

00:31:19 L2 Fees https://twitter.com/liamihorne/status/1768979646954008921  https://www.gasfees.io/  https://twitter.com/tokenterminal/status/1769010809479266659 

00:37:41 Fed Meeting https://twitter.com/NickTimiraos/status/1770510628492284375?s=20  https://www.cnbc.com/2024/03/20/fed-meeting-march-2024-.html  https://twitter.com/LynAldenContact/status/1768669656116593146?s=20 

00:40:33 Blackrock On Chain Fund https://www.businesswire.com/news/home/20240320771318/en/BlackRock-Launches-Its-First-Tokenized-Fund-BUIDL-on-the-Ethereum-Network  https://securitize.io/invest  https://twitter.com/iamDCinvestor/status/1770226356648890491  https://twitter.com/alexadelman/status/1770480118273581410?s=46&t=iahr7Lh5v08SSM_Ery-bGw 

00:45:46 Blackrock Violating Sanctions https://twitter.com/Awawat_Trades/status/1770477144990261480/photo/1 

00:47:59 Ethereum Foundation Under Investigation https://fortune.com/crypto/2024/03/20/sec-gary-gensler-ethereum-security-commodity-crypto-foundation/  https://x.com/MikeSeligEsq/status/1770475199609114831?s=20  https://twitter.com/iampaulgrewal/status/1770594620969501035?s=46&t=2ZINVXJQKx6xO_6Wiiu_2g  https://x.com/BrianQuintenz/status/1770541103667929161?s=20 

00:54:26 ETH ETF Updates https://www.theblock.co/amp/post/283542/following-fidelitys-lead-grayscale-looks-to-add-staking-for-its-proposed-ethereum-etf  https://twitter.com/JSeyff/status/1770184966648877511?s=20 

01:00:08 EtherFi Airdrop https://twitter.com/ether_fi/status/1769002585501962253  https://twitter.com/TrustlessState/status/1769860129543901654?s=20 

01:04:53 $16.4m Alien Punk Sale https://x.com/nftnow/status/1770549365016322265?s=20 

01:05:54 SEC Bad Faith https://twitter.com/eleanorterrett/status/1769840053369327671  https://twitter.com/CampbellJAustin/status/1769841646789673439 

01:07:55 Bob Gensler https://twitter.com/jimmyragosa/status/1770425599472902564 

01:08:50 CZ Updates https://twitter.com/cz_binance/status/1769877743607448029?s=46&t=LKBC7Qtm18FnZ380xCF2pA 

01:10:16 Bankless is Hiring! https://bankless.pallet.com/jobs/f39528ec-e381-4c1f-a9ad-907e69ac27bf 

01:11:15 Meme of The Week https://twitter.com/AshleyDCan/status/1769791782957564343 

------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠  

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-patrick-mckenzie

------ Why do banks have holidays? Should we redesign the banking system? Is there a future for crypto?

Today we’re joined by Patrick McKenzie, an advisor at Stripe who writes about the modern financial system helps us answer these exact questions.

First, we talk about the inner workings of the existing banking system. Then we get into crypto, where Patrick shares his reasons for skepticism.

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------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠  

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30 https://bankless.cc/CTC  

🦄 UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

------ TIMESTAMPS

0:00 Intro 6:35 Patrick’s Background 9:48 Banking System Evolution 20:09 Banking Holidays 26:44 Financial System Redesign  40:12 Transactional Freedom Trade-offs 1:03:39 Crypto Slogans 1:11:36 Crypto Predictions 1:21:42 Closing Thoughts

------ RESOURCES

Patrick McKenzie https://twitter.com/patio11 

Check Out Patrick’s Blog  https://www.bitsaboutmoney.com/ 

Molly White Episode https://www.youtube.com/watch?v=y9Itd3g23QI 

------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.

See our investment disclosures here: https://www.bankless.com/disclosures  

The crypto bull market is here and nothing drives price like a good ol' narrative. On the show today we walk you through the top 7 that we're most excited about to watch unfold during this bull run. 

Can you guess which one is our favorite? ------ ➡️ Apply to the Cartesi Grants Program here:  https://bankless.cc/Cartesi  ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24  https://bankless.cc/spotify-premium  ------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30 https://bankless.cc/CTC 

🦄 UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

------ TIMESTAMPS

00:00 Start 06:19 3 Ways To Make Money in Crypto 10:25 #1 - Decentralized AI 18:29 #2 - Restaking 24:40 #3 - Bitcoin Renaissance 30:25 #4 - New Infrastructure 42:10 #5 - Alt Layer 1 50:34 #6 - DePin 55:09 #7 - Real World Assets 59:45 David's Top Choice

------ RESOURCES https://www.bankless.com/the-2024-bull-run-narrative-glossary  https://www.bankless.com/this-is-the-ai-x-crypto-cycle  https://x.com/TrustlessState/status/1766087668595638336?s=20  https://dune.com/hashed_official/lrt  https://www.coingecko.com/en/categories/restaking  https://www.bankless.com/8-bitcoin-l2s-you-should-watch?ref=bankless.ghost.io  https://www.coingecko.com/en/categories/data-availability  https://www.coingecko.com/en/categories/layer-2  https://x.com/BanklessHQ/status/1764722637333229610?s=20  https://www.coingecko.com/en/categories/layer-1  https://www.coingecko.com/en/categories/depin  https://youtu.be/kdQi-N1BfO4  ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Today on the show we have two guests debating the merits and costs of crypto memecoins. Ledger (Brian Krogsgard) from the UpOnly podcast thinks that memecoins are financial nihilism that creates room for bad actors and grifters. Stephen Cesaro, from the Alfalfa Podcast, thinks memecoins are something to appreciate and celebrate.

Which side are you on?

------ 🥩PRIMESTAKED | MINT primeETH NOW https://bankless.cc/Origin-pod  

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------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2    ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo   

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku   

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle 

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30 https://bankless.cc/CTC 

🦄 UNISWAP | SWAP SMARTER https://bankless.cc/uniswap 

------ TIMESTAMPS

0:00 Intro 8:35 Ledger’s Memecoin Arc 11:53 Stephen’s Memecoin Arc 13:20 $DOGE vs. $BTC 18:38 Tokenization of Memes 22:28 Memecoin Intent & Transparency  33:24 Memecoin Theory & Practice  44:30 Investing in Brands 51:55 Reframing Memecoins 56:27 Memecoins vs. Scams 1:09:01 Closing & Disclaimers

------ RESOURCES

Ledger https://twitter.com/ledgerstatus 

Stephen https://twitter.com/0xmagiclines 

------ See our investment disclosures here: https://www.bankless.com/disclosures 

✨ DEBRIEF | Ryan & David unpacking the episode: https://www.bankless.com/debrief-l2-tokens/

------ Are Layer2 Tokens bullish or are they just worthless governance tokens?

We’ve brought a team of expert panelists to help us answer that exact question.

Mike Ippolito, Jordi Alexander and Anthony Sassano explore Layer2 business models, where value is accrued and how to capture that upside.

------ 🥩PRIMESTAKED | MINT primeETH NOW https://bankless.cc/Origin-pod 

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------ BANKLESS SPONSOR TOOLS:

🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2   ⁠ 

🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo  

🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku  

🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle

💸 CRYPTO TAX CALCULATOR | USE CODE BANK30 https://bankless.cc/CTC

🦄 UNISWAP | SWAP SMARTER https://bankless.cc/uniswap

------ TIMESTAMPS

0:00 Intro 7:50 L2 Value Capture 13:37 Short-Term vs Long-Term 17:30 L2 Business Model 28:24 Worthless Governance Tokens? 42:04 Immutable & Base 53:40 Vertically-Integrated Chains 1:05:24 Do L2s Need Tokens? 1:15:38 L2 Experimentation 1:32:44 Capturing L2 Upside 1:38:44 Closing & Disclaimers

------ RESOURCES

L2Beat https://l2beat.com/scaling/summary 

ETH in 2024 https://www.youtube.com/watch?v=0rPF8zNnfnE 

Anthony Sassano https://twitter.com/sassal0x 

Mike Ippolito  https://twitter.com/MikeIppolito_ 

Jordi Alexander https://twitter.com/gametheorizing 

------ Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.

See our investment disclosures here: https://www.bankless.com/disclosures