What's WORLDCOIN?

Welcome 🙏to Joint #7! We are sure to give you some insights about this week's weekly updates too🥳 keep reading!

This week was really happening and yes aapko ni idea…but worry not! Web3 Stash Hai na😇 Let's start by having a look at BTC and ETH 👀

Abhi let's dive into some good web3 news and trust me it's fun keep reading😭😭🤌🏻 Today we will be covering the following topics -

1. Worldcoin's World 🪙

2. Reddit Gen4 NFTs!!🎊

3. IMPORTANT Investment Warning 🚫

4. FTX Saga updates🤌🏻

🪙Worldcoin's World 🪙

Kya aapke mann mein aaare hein kuch aese sawaal- 

What is the Worldcoin? 🤔How is ChatGPT-maker OpenAI related to this crypto project??👀 And how is Worldcoin a threat? 🤔

WORRY NOT WEB3 STASH IS HERE 😎

Co-founded by OpenAI CEO Sam Altman, Worldcoin aims to provide its users with a verified digital identity!

Also a cryptocurrency token named Worldcoin (WLD)—and a crypto wallet app! OMG IS IT NOT EXCITING 🤌🏻🤌🏻😭😭😭

Well, i am almost sure that many of you out there reading this have used AI (chatgpt👀) for finishing your homework or assignment…come on yess you have used it (i used it too once while writing some joint of this newsletter, keep it a secret😭😭😭🤫🤫)

Par abhi NOT POSSIBLE🥺 

This worldcoin will help resolve the confusion if you wrote something or AI did by deploying a sort of digital passport, based on what it calls “proof of personhood.”!😭😭😭 (abh toh gye😭)

The platform verifies a user’s identity by scanning their iris👀 to create personal, secure identification codes! DAMN THAT'S SO COOL💯

The codes are saved on a decentralized blockchain, and the best/worst🙂 (worst as per me🥲) is they cannot be duplicated or spoofed to create false identities or engage in fraud! 🫠🫠 Abh toh gye 🤌🏻

Each World ID is added to the Worldcoin blockchain, and users can use a cryptographically secure app to identify themselves bole toh full identification 😭😭😭🤌🏻🤌🏻

Worldcoin is available in Hong Kong, Tokyo, Singapore, Seoul, Paris, Lisbon, Mexico City, São Paulo, Nairobi, New York, San Francisco and approximately 25 other cities around the world! (India na aaye bas😭😭🤌🏻🤌🏻)

WAIT! THERE'S A NEGATIVE SIDE TO THIS TOO -

Ethereum founder Vitalik Buterin showed us the negatives of Worldcoin!

He argued that the platform’s iris scans could be harvesting more information than the company tells it is!🥲

Infact someone could potentially scan someone else’s iris in order to determine whether they had a World ID😱😱

 🎊REDDIT GEN 4 NFTs🎊

The very popular social media community waala platform Reddit, has been into web3 for long now and they really don't wanna fall behind when it comes to upgrading shit! 💩Let's have a look at their super back story first 👀🥳

Reddit made their web3 debut with "Reddit NFTs" in late 2021.They introduced a new feature🎁 that allowed users to mint and trade NFTs on the Ethereum blockchain🔗

This feature empowered creators and users to tokenize their original content, ranging from art and illustrations to memes and GIFs!👻

Reddit also implemented measures to prevent copyright infringement©️, which included content verification processes✅️ and intellectual property protections!🔐 Everything looks cool right? 👀

Well, the Greta Kid Community attacked reddit raising environmental issues and concerns lol 😂😂

As the NFT space continued to evolve, Reddit made updates to their NFT platform too! They expanded the types of NFTs that could be minted and traded on their platform!

In short, they were with the web3 wave sailing in all force! ⛵️

Now in 2023, Reddit NFTs has become a significant player in the NFT ecosystem! But, you may ask whyyy sooo? What new are they doing🤌🏻🤌🏻😭😭😭let me tell you 😌

So, REDDIT HAS JUST DROPPED NEW NFTs🎊🎊🥳🥳🥳 - Reddit’s Collectible Avatars Gen 4 drop, titled “Retro Reimagined”

All of the NFT avatars launched in this collection are limited edition releases! Hundreds or in some cases thousands of eeditions are available for each tokenized avatar!😭😭😭🤌🏻🤌🏻damn so cool💯

The prices range from $2.49 to $199.99/NFT and many of the avatars are already sold out! So Good Luck getting them now 👀🤌🏻

The Reddit Digital Collectible collection has crossed 14.38 million holders on Polygon after the launch of Generation 4! 😱

100 talented NFT creators, such as Cool Cats NFT😺 and Micah Johnson’s Aku characters have brought this new collection to life!🤌🏻

The collection’s total market cap now stands at an impressive $49.086 million!🎂

Overall, these NFTs play a significant role in keeping the Web3 Nerve 🌐of the brand active. It also makes sure how people who are web3 enthusiasts like You And Me stay active on the platform!👨‍💻

👉🏻INVESTING ADVICE👈🏻

Many a times, we guys feel like breaking our screens🙂 the frustration is so high ki bas lgta hai I AM DONE! and then we have that “Woh Raat Apun 2 Baje tak Piya moment” 😭😭😂😂

So, to keep you guys safe from this, we are here to make you aware of certain important things like How not to invest!❌️ Most important part -

Investing as per advices of Influencers❌

Several reasons are :

1. Lack of Expertise: influencers may not have the necessary financial expertise or knowledge about cryptocurrencies but still may provide some investment advice on being paid 👀💰

2. Biased Information: Influencers might have their interests in certain cryptocurrencies,💡and their recommendations could be driven by personal gain rather than genuine analysis of market trends! 📈 📉Yupp this is true😭😭😭🤌🏻🤌🏻

3. Pump-and-Dump Schemes: Some influencers are also involved in pump-and-dump schemes, 🔺️🔻where they promote a cryptocurrency to inflate its value📈, then sell their holdings for profit, leaving followers at a loss! (Logan exposed damn💀)

4. Short-Term Focus: Social media often promotes short-term gains, which might not align with long-term investment strategies for cryptocurrencies! Hence end up making people impatient and short sighted as hell!🤌🏻🤌🏻😭😭😭

Instances of these happenings have been reported where influencers promoted certain cryptocurrencies that turned out to be scams! Here is a list of them to name a few👀

1. Kim Kardashian - Pump and Dump Scheme

2. Floyd Mayweather - Scam NFT Collection

3. Logan Paul - Probably everything web3 he promoted 😭😭😂😂

4. Jake Paul - Bhai jaisa same

5. Faze Clan - Web3 Game Scam

6. Paul Pierce - Soccer NFTs scam

7. DJ Khaled - Fake Music Platform

These are just a few examples of celebrities and influencers promoting things without any knowledge and people losing money to it 🤌🏻🤌🏻

BE AWARE !💀

(Remember, the cryptocurrency market is highly volatile and speculative, so careful consideration and due diligence are crucial)

I hope this explanation cleared that why not to listen to influencers and invest 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!

💸FTX SAGA UPDATES 💸

Sam bhai ke kaand yaad hein na?👀

Nhi hai? Lucky bro lucky 🤌🏻😭😭😭

Let me tell you what all had happened!

Sam Bankman Fried is the founder of FTX the very famous crypto exchange💰

FTX collapsed in early November 2022 because of potential leverage concerns involving FTX affiliated trading firm Alameda Research. Yaha se gadbad chalu 📉📉

They faced a liquidity crisis and searched for bailout funds. CZ bhai of Binance considered buying portions of the company but quickly backed out lol 😂😂

Wait, why not know about this in an interesting timeline format…here we go -

👉🏻Nov. 6: Rival exchange Binance sold all FTT tokens🤌🏻

👉🏻Nov. 7: FTX announced liquidity crisis, seeked bailout from venture capitalists😱

👉🏻Nov. 8: Binance said it will buy FTX’s non-U.S. business😭😭

👉🏻Nov. 9: Binance walked away from FTX acquisition after conducting due diligence🥲

👉🏻Nov. 10: The Bahamas freezed assets of FTX’s subsidiary there❌️

👉🏻Nov. 11: Bankman-Fried steped down as FTX CEO, and got replaced by a court-appointed CEO with restructuring experience. 📉

👉🏻Nov. 18: The Bahamas took control of FTX assets held there💀

👉🏻Dec. 12: Bankman-Fried got arrested by Bahamian authorities and extradited to the U.S. (pardes waapsi😂😂)

Now that we know the DOWNFALL OF SAM BHAI, let's see what's the position now 👀🤌🏻

Well, the US Court has dropped🎊 the charges of conspiracy against Sam because they have failed to obtain permission from the government of the Bahamas for that charge! 😭😭🤌🏻🤌🏻lucky sam

This is what happens when you are rich and in power and our ftx boss was really powerful as you can seee💯

However still 12 cases from various organizations on various different grounds stand pending for Mr. SAM..what do you think he'll get rid of them too?👀

Now, Stay subscribed and ask your Web3 friends too as we will update you on more news as soon as we have some progress 😎

This is what the JOINT #7 had to offer we went from reddit to ftx 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 #8!!🫂🫂