🎙Neko Morning Show Season 6 Episode 2 recap 🔹️ Hosts: Soos & Nono 🔸 Guest: The Blockchain Boy 📌 Crypto Talks 💎INTRODUCTION 🖥️ The Blockchain Boy is a well-known crypto brand, a self-made Degen, creator, founder of Blox Solution, and seeker of knowledge with a vibrant crypto community. He has been heavily involved in the crypto scene since 2017 and has proudly an Internet Computer (ICP) Maxi for some time, Lately, he's been delving into the NEAR Ecosystem, guided by the expertise of the one and only NONO. 🌐 DOMAIN ON NEAR ECOSYSTEM 🔸️Did you know that Near Domains come free of charge? You can effortlessly create a wallet with a unique domain, turn it into an NFT, and even sell the entire wallet along with its seed phrase and contents. 🔹️ The intriguing part? The new owner can claim it with a freshly generated seed phrase. 🔸️Forget the worries about domain lifespan; NEAR Domains are reserved for you for life. No need for tedious renewals like in some other L1 and L2 networks. 🔹️ How is all of this possible? Thanks to the NAMESKY App, a remarkable platform on the NEAR chain that empowers you to trade Near accounts as NFTs seamlessly. Explore the endless possibilities with Namesky! 🕸️ECOSYSTEM ENTRY CRITERIA 🤔 The Blockchain Boy breaks down his pre-ecosystem entry criteria into two essential components: 👷♂️ The Builders behind Techs: These individuals are the architects behind the technology. They not only understand the nitty-gritty of building but also embrace adaptability to change concerning time, openness to criticism, and a strong commitment to investing in their community, and 🌐 Robust Ecosystem Users: For a thriving ecosystem, it's important to have a community eagerly embracing and utilizing the technology. 🔹️ Excitement and engagement from users are important factors in ensuring the ecosystem's vitality. 🔸️ Large builders and users also result in large liquidity. 🔹️ He gave an example with ICP and NEAR, both have great tech but NEAR has more builders and products being used, bigger Total Value Lock (TVL), bigger social engagement, and so on. 📚ECOSYSTEM TOKENS 👓Ecosystem tokens could potentially be the sweet spot for DeFi enthusiasts seeking trading opportunities and profits. Let's delve into some notable ecosystem tokens for educational purposes only (not financial advice): 🔄 Ref Finance ($REF): The gateway to NEAR DeFi trading, serving as the first AMM and DEX on the NEAR chain. Currently trading at $0.2395 as of 9:00 pm UTC, January 13, 2024. 🦘 JumpDeFi ($JUMP): A one-stop platform that simplifies DeFi entry for users and developers. 🔸️ It Offers services like staking NFTs to yield $JUMP and creating NEP-141 tokens without coding. 🔹️Also, it's a home to token launches (JUMP PAD). Currently trading at $0.02024 as of 9:00 pm UTC, January 13, 2024. ⚙️ GEAR: The native token for NEAR TINKER UNION (NTU) NFTs, obtainable by staking NTU NFTs on the NTU staking app or JumpDeFi app. 🔸️ $GEAR can also mint the METEOR Wallet Token ($MEPT) by staking on the METEOR Wallet. 🔹️Currently trading at $0.08691 as of 9:00 pm UTC, January 13, 2024. 🙀NEKO: The pioneer of the creative hub economy on the NEAR Ecosystem, where you can earn while learning. Currently trading at $0.0003483 with a market cap of $3.4M as of 9:00 pm UTC, January 13, 2024. ⌛️LONK: A meme token on the NEAR Ecosystem designed for entertainment purposes, offering no promises for financial gains. Witnessed a significant push-up, 🔸️ it is trading at $0.0000002154 with a market cap of $906K as of 9:00 pm UTC, January 13, 2024. 😄💸 🐉 BLACKDRAGON: The next-generation, fully open-source, and community-driven meme-coin native to the NEAR Ecosystem. 🔹️Currently trading at $0.0000000006993 with a market cap of $699K as of 9:00 pm UTC, January 13, 2024. 🐉💻 📝Note: We have many ecosystem tokens on NEAR Chain, we only focus on the above listed for this thread. The above information is primarily for educational purposes and not financial advice, do not trade with this information. 📈 BLOCKCHAIN BOY'S PERSPECTIVES ON BITCOIN ETF APPROVAL 🚀 The Blockchain boy classified his take on the Bitcoin ETF Approval as follows: 🔹️ The approval of the Bitcoin ETF signifies a departure from Decentralization for Bitcoin after a long fierce battle between Bitcoin and central power the best approach to influence Decentralization by the central Authority would be through the Bitcoin ETF. 🔸️ With these tools now in the hands of the powerful, they can do as they want. This means Satoshi Nakamoto's vision of Decentralization is been compromised. 🔹️ We are about the see massive insane numbers for Bitcoin. The Security Exchange Commission (S.E.C) could have easily stopped the approval but most of the prosecutors are secretly heavily bullish on Bitcoin. The Blockchain Boy predicted as high as over $100k for Bitcoin. NFA 🏴 IS REGULATION IN CRYPTO GOOD OR BAD?🤔 🔰While crypto fundamentally thrives on decentralization and resists external regulations, the Blockchain Boy sees the inevitability of regulation in crypto and believes it is not a matter of good or bad but more about how to navigate it judiciously. 🔸️ Some politicians actively anticipate the downfall of the industry as it challenges government-controlled currencies. 👷♂️ According to the Blockchain Boy, the industry faces two options: 🔹️ Allow regulation by the wrong entities, risking the loss of everything. 🔸️ Opt for regulation by the right authorities, saving some essence of what makes crypto unique. ⚖️ Finding the right balance is crucial to maintaining what makes crypto special even in a regulated environment. Regulation is on the horizon. ⚔️COMMUNITY KILLER 🔴 The Blockchain Boy exemplified what community killers are using Internet Computer (ICP), he mentioned the impact of liquidity on a community, not having liquidity as a result of not having the right builders in an ecosystem will kill the space. 🟤 He however preaches the critical need for a symbiotic relationship between the foundation, builders, and the community. 🔹️ where the foundation needs to actively support the builders, who in turn, play a crucial role in supporting the community and the community would stand by the ecosystem. 🔸️ A drama-free environment is vital for fostering a healthy and thriving community. 👜 ACCOUNT ABSTRACTIONS 🔵 Concealing intricate details from users to present simplifies the interface and reduces complexity. 🔹️ NEAR solving Account Abstraction by just creating one account that can accommodate various chains without having to create numerous wallets to do so. 🔸️ The Blockchain boy believes that innovation like Account Abstraction can foster the trooping of many web 2 people to web3. 🔹️ Having different accounts, different wallets, and IDs for different protocols can be stressful and confusing but with the integration of Account Abstraction, user experiences would be greatly improved. 📍CONCLUSION 💠 NEAR stands at the forefront of the blockchain realm dishing out varieties of innovations ranging from the NEARDA, BOS, ACCOUNT ABSTRACTION, and so on. With great-minded builders and an amazing community, this can only yield green candles and more bulls for the space. 🌼Keep an eye out for the additional thrilling updates and alphas from the NEKO Morning show every Tuesday and Thursdays, 8:00 am UTC.🌼