Is Binance planning to Quit? :(

Welcome 🙏 to JOINT #2! Yes, we are back yet again with latest web3 news 🎊🫶

This week was really happening too and we are so sure you aren't aware of it so here we are presenting this week's freshly baked, prepared and rolled Joint #2🚬🗞

To start with, we have the weekly BTC and ETH Updates, this shall give you some insights into the current market trends also is it really web3 stash if we don't roll up some market news?😭😭🤌🏻

Today we will be covering the following topics -

1. Nike X Fortnite 👟

2. Bitcoin ETF🪙

3. Understanding account abstraction 🌐

4. Binance shutting down😱

👟Nike ki NFTs👟

Let's have a look at what Nike is doing in the ever changing web3 world🌐

We have seen almost all major fashion brands getting into web3 by launching their NFTs. Abhi don't expect your next door Ramesh kirane wala doing so but yes you can expect Nike doing this!😂😂

Fortnite the very popular game and Nike the shoe giant have collaborated to launch their new NFT on Nike's Swoosh platform 🎊🎊

🙌🏻The alliance between the duo does not aim to integrate NFTs, but the collaboration will still involve crypto elements and hence it is safe to call it web3 🤌🏻

🎮Fortnite Creative Mode has "Airphoria", a Nike branded experience to let users go on the “Ultimate Nike Superhunt” within the Fortnite game world and this is pretty much what the collab looks like.

The feature will be live in the game until June 27, when players can earn free in game back billing or accessories like classic pair of Air Max sneakers 👟and this has been made possible because of Nike Swoosh platform 🤯

These collaborations are really important ✅️as they accelerate the web3 collaboration and help in making brand's presence stronger💪

The collaboration of Nike and Fortnite doesn't bring NFT into the game, but they will link the Swoosh and Epic Games account🔗

⏭️This will eradicate the gap between "Web2'' online battle royale shooter and Nike’s NFT-driven platform! Will you consider buying these?👀

💰BITCOIN ETFs are here💰

So now it is time to discuss BITCOIN! The Og Ultra Pro Max Crypto lord humara apna BTC🤌🏻🤌🏻

ETF sunna hai? Nhi na🙂😂😂chalo btata hu…ETF stands for Exchange Traded Fund and this is basically a fund tracking some index like apna NIFTY50, NIFTY NEXT 50, SENSEX etc. Now let's see the web3 side of it!🔗💸

A Bitcoin ETF is like a special investment product that you can buy on the stock market! 🥳🥳 It's designed to track the price of Bitcoin 🔺🔻

Which means when the price of Bitcoin goes up 📈the value of the ETF also goes up, 📈and if the price of Bitcoin goes down 📉 so does the etf 📉

Instead of buying actual Bitcoins, you can buy shares of the Bitcoin ETF! Just like buying shares of a company. This really is funn🤌🏻🤌🏻😭😭

The ETF is managed by a company or a team of experts 🤓 who take care of all the buying and selling of Bitcoins on your behalf. They handle the complicated stuff so you can read Web3 Stash in peace 😎😎 

By investing in a Bitcoin ETF, you can get gains of the crypto market without directly owning or managing the crypto yourself😌 

It's a way for people who are interested in Bitcoin to invest in it more easily and conveniently! It could never be easier😭😭🤌🏻🤌🏻

But Understand that holding these ETH shares in your portfolio doesnt mean you own any bitcoin

🤔Understanding Account Abstraction 🤔

Abhi thoda gyaan timee🧠, let's move ahead by understanding what account abstraction means in our beloved ❤️web3 world!

As the name suggests, abstraction basically means taking away or removing something, for example a dentist abstracts your tooth🦷 Now we know what abstraction means toh agar hum isme account 🧾word jod dein toh iska mtlab account se kuch toh nikal raha hai..haina?

Jo cheez abstract ho rahi hai idhr that is INCONVENIENCE. Let me explain, account Abstraction means having an associated code that executes itself whenever it receives a transaction!💰

Now this has many advantages,

👉🏻Signing transactions….traditional accounts require separate signatures for each action however contract accounts can batch🤲 several actions together and one signature will do all the hard work that's required! 🤌🏻🤌🏻😭😭Sounds cool right?

👉🏻It is even useful when it comes to account recovery…abhi yaar hum log computer toh hein nhi 🥲jo sabh kuch yaad rakh paaenge..there are chances na ki we forget our private key ya maanlo some hacker finds your private key..💀

In dono hi cases mein lgne toh teh hein 😭😭kyuki private key is very crucial and is the only way you can access your wallet

But this is not the case in contract accounts kyuki yaha pe there is no private key 🔐You can write any logic in code that allows you to recover the funds in the wallet 🤯

👉🏻You can even set transaction limits using these contract accounts as yaha pe aapko literally code krna hai jo aapko chahiye…💪Main point is that contract accounts are code! (So interesting 🤌🏻😭)

Which means anything you can write in code👨‍💻 can be done through contract accounts mtlab jitnaa creatively soch skte ho sochoo no boundaries at all! Imagine the endless products which can be built around this ♾️♾️

Account Abstraction acts like an upgrade 🔺️that will make smart contract wallets compatible with our beloved 🫶Etherium. This is just revolutionary for the Web3.0 world and yee pakka see mass adoption ke process ko accelerate krega🤔🫂

I hope this explanation cleared the concept of account abstraction and now I want you guys to share this newsletter within your group and get us some more subscribers!🥺🥺 That's the only fee you guys need to pay for getting many more cool explanations on complicated topics🤌🏻 SUBSCRIBE NOW!

☠️Binance toh Gaya☠️

CZ FANS ENSEMBLE! NOT A GOOD NEWS THOUGH ☠️😭😭😭

Binance is struggling!! Countries are banning it left right centre🥲🥲 why so ? Let's find out ☹️ 

Is this FTX part 2? 😭😭

Belgium's regulator has recently banned Binance in their country. If this was not enough, we also have France and Netherlands banning humara Binance 🥺

Infact the banks association of Australia has banned Binance tooo on grounds of money laundering! They are already facing a law suit in the US by the securities council and have been charged for illegally helping some Americans 👨‍💻🔐

Because of this, the Global stage for Binance shattered 💔 people lost faith in Binance and governments across the world banned them 🥺

As per Belgium, Binance was letting users trade legal tenders like Euro and Pound for 💶💷Cryptocurrencies this is still fine but things go south when the government finds out…..

They were involved in trading money across countries which were not members of European Economic Area (EEA) and this upset the entire European Union!🤌🏻🤌🏻

Won't be a shock if more countries in the EU start to ban Binance 😭😭 rough times ahead dammn it!

This is what the JOINT #2 had to offer we went from abstraction to nike nfts and we promise to deliver an even better experience next time🤗🤗 so stay subscribed!

Also please do me a favor and share this newsletter with your web3 friends 🫂🫂(secret - this will make sure you make good money in web3 world in the coming future)❤️❤️😭😭😭

Thanks for spending your valuable 5 minutes with us, see you soon in JOINT #3!!🫂🫂