Insights

Connecting Personhood and Blockchain

N+1 Analytics

Jul 23, 2024 • 3 min read

In this edition, we explore WLD, the new OpenAI launch, Spot Bitcoin ETFs and more.

💥 Cutting Edge with Shoal Research

In collaboration with Shoal Research, this week’s edition will focus on the Ethereum ETF.

What is it?

Ethereum Exchange Traded Funds (ETFs) are financial products that allow investors to gain exposure to Ethereum without directly holding the cryptocurrency. These ETFs are traded on stock exchanges and track the price of Ethereum.

What does it do?

Ethereum ETFs provide a regulated way for institutional and retail investors to invest in Ethereum. They simplify the investment process by eliminating the need for self-custody of the digital asset and providing a familiar investment vehicle that integrates seamlessly with traditional brokerage accounts.

What does it mean?

The debut of Ethereum ETFs marks a significant milestone in the integration of digital assets with traditional financial markets. It provides easier access to Ethereum investments, potentially broadening its investor base and increasing market liquidity.

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💡 Coin Spotlight: The N+1 HODL

In this segment, we dive into the N+1 Hodl basket and discuss our altcoins.

Coin: Worldcoin ($WLD)

Sector: Utility

Narrative: Worldcoin is a project framed around creating a privacy based global identity network. Worldcoin allows users to maintain proof of their identity while still having privacy through zero-knowledge proofs.

Fundamentals: Worldcoin is an ERC-20 token on Ethereum. Worldcoin uses the World App which requires users to confirm their identities in person on a machine called an Orb.

Why do we hold: Worldcoin has an innovative

Performance: FET is up 500% YTD (Source: CoinMarketCap).

⏰ Crypto News Recap

Keep up to date with the latest in crypto.

OpenAI Launch

On July 18, OpenAI launched a new model called GPT-4o mini. This new innovation is meant to be 60% cheaper than GPT 3.5 Turbo, making it an affordable option with little compromise on abilities.

Spot Bitcoin ETFs at New Heights

US Spot Bitcoin balances hit a new all time high. On July 17th Glassnode recorded 900,000 Bitcoin in ETFs - worth approximately $63 billion. In addition, the Spot Ethereum ETF is anticipated to start trading early this week.

Zero Energy Storage

Innovations in storage systems could support an immutable digital ledger without the need for power. Two innovations for data presentation without the need for energy include creating artificial fossils encoded with data and storing data in glass - called ceramic nano memory. These processes take digital data and physically store it in the form of fossils or glass with the idea of preserving it eternally. While this process would not actively support the blockchain, there is value in the possibility of preserving it off chain as it could free up storage while allowing for the preservation of knowledge.

📚 N+1 Recommendations

The N+1 reading and media recommendations are sourced from our team of experts and offer weekly suggestions for learning more about blockchain, crypto, finance and technology.

This weeks recommendation: The Power of Habit: Why We Do What We Do in Life and Business by Charles Duhigg