The crypto market has again been in the news because of a few bad actors and the crash of a major cryptocurrency exchange (FTX) filing for bankruptcy. In this episode, Sean explains how exchanges work, how wallets work, why and how people lose money due to the FTX crash, and what "not your keys, not your crypto" means. Personal note: Our thoughts and prayers are with anyone who lost money due to the FTX Crash.

The blockchain unlocks the ability for businesses and non-profits to use digital assets...aka NFTs. These NFTs can be used for Tickets, Passes, Memberships, Coupons, and Collectibles. Learn more about how NFTs can be used as each in this episode.

Cryptocurrency (Bitcoin, Ethereum, or other) like any fiat (government issue) currency is a tool. Currency as a tool is to exchange and transfer value, wealth, and energy from one person to another, from one business to another, and from people to businesses and back. In this episode Sean unpacks two main ways (with some additional thoughts) that businesses and non-profits can use cryptocurrency.

Scams are something to be aware of on the internet. Just like we have not learned not to click on links from strangers sending us emails to avoid phishing scams we need to learn ways to avoid scams in web3. That's what Sean covers in this week's episode.

There's a lot of ways that scammers and hackers are trying to steal NFTs and crypto. One way we can keep ours safe is with different wallets. In this episode Sean talks about 5 wallets we can create and use in different ways to keep our crypto and NFTs safe.

Why do websites in web3, NFTs, and crypto ask you to connect your wallet? There's four main reasons and you can learn about each one in this weeks episode.

Rug pull is a slang term mostly used for "scam" in the web3 space. But not always. Listen to this episode of web3 simplified to learn: What does rug pull mean? How do people us the term rug pull? The four types of rug pulls. How to classify a rug pull into 4 different categories.

Wagmi, wgmi, and ngmi are all slang terms used in the web3 space by people who trade NFTs, are building crypto projects, and are regularly active. But what do those even mean and why do people use them? That's what Sean answers and talks about (plus more) in this episode of the web3 Simplified Podcast.

An airdrop is when someone or some organization sends you a cryptocurrency or NFT for free.

But why would anyone get an airdrop?

In this episode of the podcast Sean answers the following questions:

What is an airdrop?

What’s something I can compare an airdrop to so I can better understand it?

Why would someone do an airdrop?

Why would I receive an airdrop?

How would I send an airdrop?

How do I receive an airdrop?

Can I stop other people from “airdropping” me an NFT or coin?

Comparisons are helpful tools for understanding the world around us. To understand an iPhone 14 we compare it to the iPhone 13. In this episode of web3 Simplified Sean compares web3 to web2.