Ethereum layer-2 development firm Polygon proposed upgrading its Polygon MATIC token to a multipurpose token that can be used to validate multiple chains.
The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL.
Welcome to Web3 Morning Motivation, your daily infotainment hub dedicated to all things Web3. Join us as we navigate the cutting-edge world of blockchain, cryptocurrency, AI, and beyond, offering you insights into the latest tech developments in easily digestible 10-15 minute segments. With our exciting line-up of releases, from innovative tools like Degen Wallet and Degen Reply AI to exciting airdrops and educational initiatives, we are here to both inspire and educate.
Whether you're a tech enthusiast or a newcomer eager to explore the digital frontier, the Degen Forest community is the place to be. Our mission is to democratize cutting-edge technology and make it accessible to everyone. We bring you breaking news, deep-dive discussions, and a chance to shape the future of tech with us. Tune in, stay informed, and become part of the digital revolution.
0:00 - Vacations Every Day
4:40 - Intro
5:50 - Forest News
14:00 - Morning Motivation
20:00 - Degen Music
Here at Degen Forest, we see NFTs as more than just kick-ass art. We believe in their potential to create real value and opportunities for everyone involved. Our mission is to bring cutting-edge technology to the masses, creating a world where everyone can thrive in a safe and secure digital environment.
Web3 has 3 Main Problems
Web3 has major barriers to entry
Understanding different blockchains
Setting up and managing a wallet
Transferring tokens for gas
On-ramping capital
Maintaining good opsec
Navigating DeFi, NFTs, and other web3 technologies
Web3 lacks sustainable revenue streams
Crypto market shrank from $3 trillion in November 2021 to $1.22 trillion by March 2023
Profits are often withdrawn or reinvested in web3 projects
Fresh capital injections are uncommon outside of major bullish cycles
It’s important to bring revenue from traditional sources into the ecosystem for web3 to overtake web2 systems
Web3 also has Misaligned stakeholder motivations
Users and investors have different expectations—but web3 blurs the line between them
Utility tokens rarely capture platform value
Runways often deplete before tokens become deflationary and increase in value
Investors lack incentives to hold long term
Solution
Degen Forest reimagines web3 businesses, tying proven web2 revenue models with a blockchain-based business structure that just works
Our journey begins by collaborating with innovative technologies that ensure an exceptional first-time experience for newcomers to Web3. We're thrilled to join forces with the SMSCash APP to introduce our products and services to a whole new audience, just as they dive into the world of Web3. From there, we've crafted user-friendly Web3 tools that prioritize safety and simplicity. Our comprehensive toolkit features everything from wallets and DEXs to NFT marketplaces and launchpads, as well as the latest news and insights on DeFi and NFTs. Each of these tools serves as a revenue-generating asset for the entire Degen Forest community.
However, Degen Forest is more than just a community - it's a Tribe. Our Tribe is comprised of individuals who share a passion for NFTs and the boundless possibilities they offer. Like a close group of apes riding the wind on top of the trees as kings of the forest, we're all in this together, supporting and inspiring one another. We strive to build an inclusive environment where everyone feels valued and welcome, regardless of their origin or background.
So, welcome to Degen Forest, where NFTs are not just a trend, but a way of life. Join our Tribe, and together, let's unlock a world of endless opportunities.
DegenForest: https://degenforest.com
OpenSea: https://opensea.io/collection/degenfo...
SMSCash: https://smscash.io
Degen Wallet: https://play.google.com/store/apps/de...
Degen Reply AI Tool: https://chrome.google.com/webstore/de...
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