Welcome to Arry's Airdrop!
Arry here. Welcome to my brand spankin’ new newsletter, I’m really glad you clicked open!
In the world of crypto, an ‘airdrop’ is a way of distributing crypto to a bunch of wallets as a reward or ‘thank-you’ for holding a given token.
By joining Arry’s Airdrop, each week you’ll get:
To get started, I’ll be focusing on the Pacific Northwest – but in time, this newsletter and the news, events and insights will span the country – and soon, the world! *benevolent chortling* I’ve been in crypto since 2016, and have learned a lot in my time. I also love to bring people together, so this newsletter is a way to provide a reliable and trustworthy resource for my friends, colleagues, and fellow crypto, DeFi, NFT, and blockchain nerds, and to distribute knowledge, experience, and connections.
So let's dive in!
Misguided crypto bill provision amended, then dies in Senate
Last week, a last minute crypto tax provision in the $1.7 trillion infrastructure bill (H.R. 3684) threatened to stifle innovation and make Americans poorer.
Yesterday, Senators Warner, Wyden, Toomey, and Lummis after days of iterations, calls, and amendments proposed a compromised amendment to the provision, ensuring financial surveillance will not dramatically expand and human rights are not undermined. More than 100 stakeholders in the crypto ecosystem wrote a letter to Mr. Schumer and Mr. McConnell urging them to support the Wyden-Lummis-Toomey amendment.
Policies that impact basic freedom and the future of the Internet should be debated carefully and never be attached to must-pass bills. The new amendment compromise was not perfect, but it protected innovation and didn't choose winners and losers. IRS reporting rules had been clarified so reporting requirements were not imposed on stakers, miners and other non-brokers.
Many thanks to Senator Lummis (WY), Senator Toomey (PA), and Senator Wyden (OR) for their leadership. Next up, the Infra Bill heads to the House, and related to it, the Crypto-Colloquy is being worked on by our coalition allies now. The battle continues in the House -- stay tuned.
NFT hype wave continues
We are now in the 3rd hype wave for NFTs (Nonfungible Tokens). The first wave was colored coins on the Bitcoin network in 2012. The second and even bigger wave came with the explosion of Cryptokitties in 2017.
Now we’re in the third wave of 2021. Weekly trade volumes for NFTs have increased by more than 70% since mid-July to over $300 million. CryptoPunks was about $207 million of that volume. The next most popular platform was the game Axie Infinity.
Last week on Windshield Time
Check out the latest episode of my podcast Windshield Time where Alex Mashinsky, founder and CEO of Celsius.Network shares insights on topics including:
Blockchain & Crypto Fundamentals course launch
Registration is now open for my 3 week part-time course: Blockchain & Crypto Fundamentals. Students will get a practical view into the context, history and theory behind everything blockchain and crypto.
This course is an end-to-end starter kit for the fundamentals of the new world of cryptographically secured networks of value exchange. A place where digital artifacts (Bitcoins, cryptocurrencies, tokens, NFTs, etc) are exchanged with brand new software protocols built over the internet.
The inaugural cohort launches September 13, 2021 -- Apply today because spaces are limited!
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Arry is the Chair of the Cascadia Blockchain Council, a group supported by the Washington Technology Industry Association (WTIA), the largest US tech association representing technology companies from Oregon to British Columbia. She is also the co-organizer for the States' Assn for Blockchain and was one of the early pioneers that completed a $32m tokensale in an Initial Coin Offering (ICO) back in 2017. She founded the Cascadia Blockchain Council in 2018 and has been an avid educator, advocate, investor, and innovator in the space since 2016.