Goodbye Uptober

Interest Rate Hikes, Hot 'Gram News, Upcoming Boys Club Events

November 06, 2022

Hi, 

Hot Club news:

  • New pod ep! Ben Huh from Origami came on to talk DAO structure and scaling, and Natasha and Deana had a juicy feelings check-in about imposter syndrome.

  • Join us in the ‘cord for our Building for Impact learning series, featuring talks from Givepact (11/9), Topl (11/16), and GoodDollar (12/7). Come as you are and learn about the intersection of social impact and web3.

  • Los Angeles friends, join us for a low-key hang this week with our pals at Chapter One.

Steadfastly,The Boys

Writer: RachlolEditor: Deana 

  • The Feds are in their villain era. As expected, the Federal Reserve raised the U.S. interest rate by another 75 basis points this week. Apparently, this is not the end and the hawkishness will continue. Why do we care what the Fed does? Mostly because tighter monetary policy makes risky assets, like crypto, less attractive. BTC fell, ETH fell, we fell. Goodbye Uptober. Hello No(money)vember. Pray for Pumpcember.

  • Do it for the ‘Gram. Instagram has officially become an NFT marketplace. This week, Meta revealed a new product for creators that will allow them to create and sell NFTs directly to fans and followers via Polygon. The good news: Instagram will not be taking a cut of creator revenue. The bad news: Meta has made it possible for over 1 billion people to ~monetize~. Get ready to start paying for my vacation pictures. Side note, is Polygon the whale of the bear market?

  • tWTFitter. Uhh… where do we begin? This past week Elon Musk has shaken his new tech company to its core. Within the last week, 50% of Twitter’s staff has been laid off, a class action lawsuit has been filed against Elon, Twitters crypto wallet has paused causing $DOGE to go down 10%, and remote work has officially ended. Elon Musk has ALSO doubled down on Twitter's proposed new $8-per-month fee for users who want to keep their blue verified checkmark. TLDR, this tweet. 

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