Kyle Reidhead (@kylereidhead) • Hey

Exploring the future of Business, Community & The Creator Economy in #Web3 🚀 CoFounder: Impact Digital Marketing & @web3academy.lens 🔥 Chasing surf & sun

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Publications

Top 5 Takeaways from Vitalik, Erik Voorhees & Other Web3 Gigabrains. @kylereidhead.lens breaks down the main highlights from Permissionless. Get it here: https://paragraph.xyz/@web3academy.lens/key-takeaways-from-permissionless-2023
RTFKT Cryptokicks & The Future of Nike Shoes with TPan Full podcast also available on Spotify, Apple Podcasts and YouTube, if you want to listen on the go: https://linktr.ee/web3academypodcasts
How FriendTech's $148 Million Volume & 4.1 Million Transactions Benefitted an Entire Ecosystem. 🌐 Onchain Value Accrual: THE MOST important concept in web3, that nobody is talking about. Let's go 👇 Context: - FriendTech takes 5% of total trading volume occurring on its app - Creators on FT take 5% of total trading volume too - FriendTech pays fees to Base in order for transactions to be executed - Base pays Ethereum to settle the transactions - From the fees, Ethereum burns $ETH and pays its validators ($ETH stakers). - Base pays a 15% fee to Optimism for using its OP Stack Here's how much $$$ each party made from the total trading volume ($148 million) that happened on FriendTech so far: FriendTech = $7,400,000 FT Creators = $7,400,000 Base (Revenue) = $736,000 Ethereum (holders and stakers) = $254,000 Optimism = $72,000 Base (Net Profit) = $482,000 What's the key takeaway? It doesn't matter which apps achieve the greatest success onchain. Value will always flow to the blockchains (execution layer and settlement layer) the apps are built on. It's why onchain value accrual is such a powerful concept. As millions of apps will be built onchain over the coming decade, the underlying tech (blockchains) & the investors who allocate in the right places will reap the most rewards. 💰 If you want to be successful & capitalize on the growth of web3, you need to understand this concept!
Onchain is the next online
Now that’s a big gm Who’s saying it back today?
I need some good podcasts for a couple flights tomorrow. Anyone have any recos? Thanks 🙏🏼
Who’s going to be in Austin for @permissionlessintern.lens next week?
Anyone else not get notifications on @orbapp.lens when people like/comment on posts? I only get notifications for follows 🤷🏻‍♂️
There is currently $2.5B in stablecoins on Layer2s This number will easily 10x in the next year The fees associated with stablecoin transactions will generate millions of $$ to L2s and $ETH Most people aren’t understanding how bullish this non speculative use case is for $ETH
There’s alot of hate on my feed between Solana and Polygon communities. Why do we chose to tear people (or technologies) down? We should all be happy when anyone in web3 succeeds Let’s focus on growing the pie, not fighting for the tiny pie that exists today
HOT TAKES: How Stablecoins Will Take Us to 1B People Onchain Want to listen on the go? This episode is also out on Spotify and Apple Podcasts! Follow us here: https://linktr.ee/web3academypodcasts
These 6 going to make you alottttt of 💰💰in the next few years $ETH $SOL $OP $IMX $COIN $TESLA What am I missing?
Does anyone have a flight test code they can share with me?
Hot take: LTV is a vanity metric that means very little in crypto Blockchains earn revenue from transactions, not value locked. Doesn’t matter if those txns are <null or null million, fees are the same It’s all about money being moved from one place to another.
**Lens Profile** + **ERC-6551** + **ERC-4337** = **Lens Wallet** (The ultimate social experience) We are thrilled to announce that Lens Wallet website is now live! **Website:** https://lenswallet.io/ **Lens Wallet** is a social wallet powered by ERC-6551 and ERC-4337. There are many things with what you can do with Lens Wallet Let's highlight some of the key features below👇🏻 - Send and receive assets - Use your NFT as a wallet - Message and build communities - Stay up-to-date with what's happening in @lensprotocol - Connect and communicate with other Web3 Profiles, NFTs, and wallet addresses - Portfolio - Track Wallets - Wallet Browser - Profile Sign in - Seamless Web3 Experience - Pay gas with ERC-20 - Batch Transactions - Social Recovery - 2 Factor Auth - Self Custodial Social Wallet and a lot more! We are here to revolutionize how you experience and interact in web3. Don't miss out on this exciting journey, we're building for you. Explore and experience web3 in a whole new way with Lens Wallet.
Coca-Cola has launched its 'Masterpiece' NFT collection on Base. 🖼️ The NFT collection features classic masterpieces and modern artworks like "The Scream" and "Girl with a Pearl Earring" intertwined with the iconic Coca-Cola bottle. This collection has been unveiled as a part of Coinbase's "Onchain Summer" event. In case you didn't know, we covered Coinbase's partnership with Coca-Cola in our newsletter issue on Friday. Get it here: https://paragraph.xyz/@web3academy.lens/what-is-onchain-summer
Phase 4 of Web3 Academy 2.0. 🟣 Meet our newest flagship product: Web3 Investing Masterclass. 💰 The #1 investing resource on the market, aimed to help you amass generational wealth by investing in web3. 💸 Keep reading for discounts & more info. We've been working on this for months, with the goal of helping you understand: - Underlying principles of blockchain & mechanics involved in investing in crypto - How to assess and mitigate risks to minimize potential losses - How to develop long-term investment approaches - How to identify good investment opportunities - How to structure your portfolio to make life-changing investments And so much more... 7 modules & 25 lessons... All aimed to making you a more successful investor. 💪 And because you're so early, we want to give you an early-bird discount. 🤑 All you need to do is click the link below & connect your wallet. 👇 Based on the NFTs you hold, you unlock access to different discounts. If you've done any of the actions below: - Minted our OE on Zora - Followed our new Lens account - Minted our first post on Paragraph - Completed the Web3 Rabbit Hole Course You're getting a discount. 🥳 P.S- Existing PRO members get 50% off and Founding members get 100% off (totally free). 🤩 All you need to do is click the link below, connect your wallet & unlock your discount. If you're a PRO but don't have an NFT, please check your email. We recently sent instructions on how you can claim without an NFT. Profit from the future! Enroll to our Web3 Investing Masterclass today. 👇 benefits.w3academy.io
Reddit had its BIGGEST week last week in terms of unique accounts minting NFTs. 🚀 Almost 900,000 new wallets interacted with NFTs just last week. 🤯 Let that sink in. Can Reddit hit 50,000,000 wallets by end of year? (Currently at ~16.5M)
Testing out some thingsssss
I just minted Bridge to Base, celebrating the start of @BuildOnBase bringing billions of people onchain. It’s Onchain Summer. onchainsummer.xyz https://onchainsummer.xyz
**Phase 3 of Web3 Academy 2.0.** We've partnered with @paragraph.lens to officially become a web3 newsletter. **All of our newsletter content will now be powered by web3 tech**, on Paragraph. We're walking the talk, and so should you. Here's why 👇 As of today, we've officially moved our content over to Paragraph. **The goal:** to provide you with web3 features and experiences not possible on web2 platforms like Substack or Beehiiv. First thing on the agenda: collecting newsletters! There's now a button in all our articles called **'Collect',** By clicking it, you get to **OWN** that piece as an NFT, and it'll cost you **ZERO dollars!** Now why do you care about owning an article? You probably don't, but that's not the point. **Collecting articles is a form of commemorating actions.** With the first newsletter we launched on Paragraph, we get to see who was here and took action (collected) from the beginning. If you'll collect it, we'll see you. 👀 And because you've done this on an immutable ledger (the blockchain), we will forever know that you supported us early on. This enables us to reward our loyal collectors long into the future. So now, you know what to do... Collect our first post on Paragraph. 👇 https://paragraph.xyz/@web3academy/curve-finance-hack-is-defi-done?utm_medium=social&utm_source=lens
Probably the most important NFT chart right now! Reddit NFT users: 14M+ All other NFT users: 5.5M Reddit NFTs: Launched in 2022 Al other NFTs: Around since 2017 NFTs are thriving. Speculation is dying. Important distinction to make! Learn more about Reddit NFTs here: https://newsletter.w3academy.io/p/reddit-gen4-collectible-avatars
GM Lens Fam 💜💚 Our main Lens profile was stolen. We no longer own @web3academy.lens.lens! Disregard any DMs that come from that account. In celebration of getting a new Lens profile, we’re giving away a 1-Year Web3 Academy PRO membership for free! 🚀 To enter, all you need to do is follow us @web3academy_ 🫡 Oh, and we’ll follow you back 👀
We are now @web3academy.lens_ Please follow our new account! https://orb.ac/post/0x01ce77-0x02-DA-59741e6f
We're revamping to Web3 Academy 2.0. 🟣 This is our next big phase to help migrate 1 billion users from online to onchain. 🌊 Our mission is simple: Help DOers confidently build and invest in web3. 😎 Here's our Roadmap. 🗺️ Phase 1 - the Web3 Academy rebranding - was complete ✅ Phase 2 - Bringing verifiable links to our community. 🔜 More on Phase 2 later on. Big couple of months ahead, Lens fam! Stay tuned. 💜 💚
GM Lens fam! 💜 💚 It's good to announce that Web3 Academy is back on Lens, finally. 🥳 We're back in style, with a fresh look but same mission: to help you invest and build successfully in web3! 🚀 Give us a follow and we'll follow you back. 🫡
Summoning all PROs! We made a Twitter list with all PRO members! Let's do a #PROfollowPRO Oh, and I think '👀🔛⛓️' would look better on everyone's profile, don't you think @Yakuza_76 ? Find list & follow all PROs on it 👇 https://t.co/IO2CGPNs59 https://t.co/hXrXUJq2kc
As we spend more time online and in digital worlds, more people will understand the importance of digital ownership Digital Ownership = Digital Rights We don't want to live in a world w/o rights We've already learned that in the physical world It's time to migrate on-chain
Using @orbapp.lens for the first time. Wow this is a much better way to use Lens! The interoperability of the Lens ecosystem is one of the coolest things happening in web3 right now.
hmm so I can't edit or remove scheduled posts with Postter.xyz?
Testing out Postter.xyz to see if I can start scheduling content here 😏
GM GM #lensfam All good in the hood? Just wanted to share with you this article from @kylereidhead.lens about On-chain Analytics Well done my man 🤗🤗 https://newsletter.w3academy.io/p/how-on-chain-analytics-will-disrupt?utm_source=substack&utm_medium=email
Where can I find a chart that shows how much ETH is being used as collateral in Defi? I'm trying to understand how much ETH has been moved out of circulation as a result of it being locked Thanks 🙏🙏
Let’s keep building!!!
GM #web3commmunity One of the biggest questions about community building is how can we motivate the members to engage and participate. the answer is to tap into your members intrinsic motivation... but what does that mean? 🤔 Intrinsic motivation vs extrinsic motivation A 🧵👇 1 - Intrinsic motivation is internal and is typically what we call drive. Daniel Pink described this in his homonym book, as being the intersection of purpose (why), autonomy (what) and mastery (how). 2 - Extrinsic motivation taps into the external signs of accomplishment, like badges and trophies, that end up not having long term value, unless they're tied to internal motivation. 3 - Web3 is, by definition, permissionless, trustless and has values of self-sovereignty, which adds to the autonomy piece of this puzzle, and it introduces the possibility of ownership which adds to the community members' feeling of mastery. 👇 community 🤝 web3 4 - @web3academy_ is hosting a 8 week mastermind around community building. If that spikes your curiosity, hop into the discord today, Nov 29, at 9PM UTC / 4PM EST and share your thoughts! Come join us - https://w3academy.io/how-to-build-and-scale-community-online-mastermind/ S/O to Rita Vargas 🇵🇹🇵🇹for writing this thread 👏👏
No doubt it's preaching to the choir here but @kylereidhead.lens writes well and I loved this read from the @web3academy.lens newsletter so this is highly recommended. Plus how can you go past this headline?!? "**Web3 is Eating the World and No One Knows It**" https://w3academy.io/web3-is-eating-the-world-and-no-one-knows-it/
🔥 Lens x Web3 Academy 🔥
Frens! Join the Web3 Academy community on Lens. Things are going to be happening soon 👀 https://lenster.xyz/communities/0x2744-0x01
Plenty happening across Web3.. how do you keep up with it all? Check out the @web3academy.lens Weekly Web3 Rollup on your favourite podcast platform! This week we discussed Crypto legislation, NFT innovation, Plenty of hacks/exploits and shared our DAO of the month https://w3academy.io/us-crypto-regulation-20m-optimism-stolen-bayc-hack-nft-frens-rescue-dao-of-the-month/
@web3academy.lens had @bradorbradley.lens on the podcast to chat all things @lensprotocol and @lenster.lens We're exploring the future of Web3 Social! What a great conversation. Have a read below or check it out on your favourite podcast platform :) https://w3academy.io/web3-social-media-own-your-digital-roots-brad-freeman/
The Web3 Academy weekly news rollup went live this morning! We discussed getting a job in Web3, NFT innovation, Web3 Social (Aka @lensprotocol ), Lobby Against Crypto and Layer 1s & 2s! Check out the article here: https://w3academy.io/how-to-get-a-job-in-web3/ You can also listen on Spotify, Apple, Youtube or your favourite podcast platform! And get ready, because next week our podcast with @bradorbradley.lens goes live!
A community for the DOers on the forefront of Web3 innovation. Entrepreneurs, Creators and Marketers focused on creating thriving communities and transforming business models 🚀 Subscribe to our Newsletter: https://w3academy.io/