The 62nd edition of our curated newsletter.
In today’s newsletter we look at:
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- The Rise and Fall of Crypto Culture
- The Web3 Migration
- Attack Types in Web3
- Justin Sun’s New Stablecoin Play
- Cross-Chain Bridges
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Can We Untangle Culture from Vision?
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Andre Cronje, DeFi King, writes about his worries for the future of crypto and muses whether the culture will hurt the ethos of the tech he so loves.
The culture he is talking about? One of wealth, entitlement and ego. A stark difference from what Cronje believes the ethos of crypto is – self-empowerment, self-custody, and self-sovereign rights.
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👽 Do You Know Web3? It’s Just a Beginning
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3 questions to know your better 👇
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Are you familiar with the concept of Web3?
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The Migration of Talent to Web3
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Web3 is having its moment. According to Immersion, many people are leaving their stable, traditional, cushy tech or finance jobs for opportunities in Web3. The article delves into whether this is just a fad or whether the brain-gain Web3 is going through is sustainable.
Just looking at a job report for the crypto industry – there were over 12,000 jobs uploaded in March. Mercuryo itself has over 20 openings!
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Twitter has officially left the nest! Elon Musk’s bid for Twitter has finally paid off, and he secured the sale with a $43 billion offer 🤯
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Web3: Security and Attack Types
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One of the main drivers in blockchain adoption is its unique ability to make commitments (its consensus mechanism). However, the irreversible nature of these transactions is what makes these networks a target for attacks.
While studying the recent news-making hacks within the crypto space, the a16z team has noticed commonalities and themes between the events. Have a read through the most common attack types, what to look for, and the future of Web3 security.
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Tron Founder Announces Stablecoin on Network
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Justin Sun announced the launch of Tron’s decentralised stablecoin USDD, available on 5 May. Tron’s native token TRX will assist with USDD staying pegged to the dollar.
USDD will not operate in the same way other stablecoins do. Instead, it will be an algorithmic stablecoin, similar to UST and FRAX. A DAO (Decentralised Autonomous Organisation) will manage the blockchain’s stablecoin and provide custody reserves of up to $10 billion in assets.
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Exploring Cross-Chain Bridges
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Cross-chain bridges are an essential part of the DeFi ecosystem. Bridges allow for the transfer of tokens between different chains. Thus, we can access yields and trading opportunities throughout the large DeFi landscape.
Find out more about the bridges making waves in the industry and where cross-chain communication and bridging can take us next.
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Let’s Talk Careers in Fintech Today
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If you seek your dream role in fintech — Mercuryo is the place to stay. Check out all the opportunities we cover today.
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