coin slop

gm,

Are you coming to our NET GALA with Polygon? Cait just dropped the moodboard, please come correct.

Our weekly livestream starts at 11:45 ET (aka right now). We’ll be talking to Ted about social networks, space flight drama and Coachella payment plans.

Bye!

The Boys

Writer: Deana

We are headed to the Avalanche Summit next month in London to see speakers like Meltem Demirors of Crucible Capital and Haseeb Qureshi of Dragonfly Capital. Will we see you there?

Use promo code BOYSCLUB15 for a discounted ticket, and watch this space for details on a special happy hour that we’ll be hosting onsite on May 21.

How Many Coins Is Too Many Coins? Where do you stand on this week’s More Coins versus Less Coins debate? Representing team More Coins are v. big brain folks like Jesse Pollak, who says that token launchpads and content coin platforms like Pump[dot]fun and Zora are a nascent but crucial form of value capture for creators and curators. Imperfect, yes. Experiencing growing pains, definitely. But net positive.

On the other side, on team Less Coins, folks are wisely considering the onchain slop and the SHEIN-ification of tokens. Ted says, “we're stuck with an abundance of slop and abundance flattens meaning.”

Sorry but I’m a Karen Collins on this one rn. I’m excited to participate in the experimentation, but lacking some conviction on the stickiness. Change my mind! Otherwise, I’ll be here if you need me.

Mass Adoption. Privy ships login with WhatsApp, making crypto wallet creation and management a breeze for ppl on the green Zuck app. Apps like ZAR already use WhatsApp with Privy to move stablecoins across borders in Pakistan, which is a cool use case. But some folks on Farcaster think this type of integration makes wallet creation too easy, leading to bifurcated identity. My take? 2 billion people have WhatsApp installed on their phone so stick that in your ‘onboarding’ pipe and smoke it.

Quick Hits.

• Recession indicator? Even the coingecko mascot lost the light in his eyes.

• Arrests made in $21M scam which used celebrity AI deepfakes to promote crypto investments.

• Father John Misty considers sesame ash and charcoal salted pomegranate foam, sends me into orbit. But I still don’t know what he thinks about crypto.

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