Curious about Web3? You might not fully understand it yet, but it has the potential to revolutionize the internet as we know it.The group breaks down Web3, or the next version of the internet, focused on decentralization and user control. Guzman highlights what sets Web3 apart from its predecessors. The discussion then dives deep into blockchain, the decentralized movement in crypto, and explores crypto's influence on US politics.
It's night and day when you have a leading presidential candidate saying he owns it as you mentioned.Also now stepping in it's, it's wild to come from the FTX collapse to where we are now.Uh 10 years ago, I was covering crypto at a Bitcoin conference in San Jose, California very different feel. If it's that identity, what does that look like when you put it on a Blockchain versus having to trust a government or, or any sort of intermediary here?We're early as, as you and I have covered it a long time.But, you know, right now we're finally starting to see kind of this adoption cycle really kick into high gear.Can you dumb down Web Three for me even further?You know, when people say Web, I don't know, my mind just goes, I mean, I get the crypto side of it.
I think at least in the US because there was all kinds of, uh, expectations about Gary Gensler coming into the SEC Blockchain, uh professor at MIT.
Yeah, in a relatively new field, I mean, it's easy to say, well, we, we're talking about these changes that are taking forever to happen.This is a very, very young field. So just to explain kind of what that means, um you know, sometimes the layer one network as it's called Ethereum is one of those blockchains.So a lot of people built so called layer twos, which are just networks that are built on top of it to make everything cheaper and quicker.And right now, its growth is pretty remarkable.
But also it changes the dynamics of what Ethereum was all about in terms of now, it's kind of earning less itself from network fees, which means Ethereum has gotten slightly more inflationary than it was interesting. And that's simple and people can wrap their heads around it when you're talking about Ethereum being a network that now has layer twos and now everything's being changed.
We also know that Trump made about 7.15 million from NFT licensing at separate how intertwined and we're, we're, this is something we've been talking about.And can the Democrats create some kind of leverage on this?Yeah, this is a massive kind of pain point right now in the industry, Jared. And we are seeing that now, Senator Schumer also came out and said this is something that should be built in the US.
He said I want this to be part of a strategic reserve, strategic reserve asset and it popped and I think it's fair to say that he does mean that and there are certainly things that he can do without even Congress, I think to, to deliver on some of those things. Kind of ahead of that trial and to hear him speak, all these interviews, by the way, are still up on coinage's site at coinage media.
Their E ETF nearly $1 billion the gray scale ETF S that have been around for years, they kind of throw off the totals because they have higher fees. Uh Not just the battle for Bitcoin ETF S but also Ethereum ETF S here is really showing, I think their strength. Um They just kind of dominate the US market and you just gave an instance where their product has kind of helped things.Yeah, it's really interesting to think about Coinbase role in all this too, right?I've heard rumors that some people are expecting Coinbase to now put all of the money that they hold for their retail and institutional clients basically on the base.
There's always controversy about tether, but yes and so I don't know, it's very interesting to think about how Coinbase wants to now leverage kind of the existing trust that they've been able to build up, build up with regulators and kind of where that goes. We're also on all your favorite podcast platforms, youtube, Apple, Spotify, iheart, pod, tail pod Paradise and more.The F1 calendar has expanded to a record-breaking 24 rounds this season, but Africa last staged a race in 1993.United are preparing for Saturday lunchtime’s trip to Brighton having opened the season with a 1-0 win over Fulham.This easy-to-use gizmo may be small, but it's big on taste, fans say: 'The quality is the same as the larger machines.