PLUS: The most expensive album ever is onchain for $1? ð§ June 21, 2024 | [Read Online]( ð¥ TON & Telegram's breakout moment: What you need to know! ð PLUS: The most expensive album ever is onchain for $1? ð§ [fb]( [tw]( [in]( [email](mailto:?subject=Post%20from%20Milk%20Road&body=%F0%9F%A5%9B%20TON%20%26%20Telegram%27s%20breakout%20moment%3A%20What%20you%20need%20to%20know%21%20%F0%9F%8C%9F%3A%20PLUS%3A%20The%20most%20expensive%20album%20ever%20is%20onchain%20for%20%241%3F%20%F0%9F%A7%90%20%0A%0Ahttps%3A%2F%2Fthemilkroad.beehiiv.com%2Fp%2Fton-telegrams-breakout-moment-need-know) GM. This is Milk Road, where we make crypto feel like a party you never want to leave. Grab a virtual drink, put on your dancing shoes, and let's HODL our way to financial freedom. Hereâs what we got for you today: - âï¸ Whatâs going on with TON? - âï¸ Most expensive album ever is onchain for $1 - ð° Its Funding Friday - ðï¸ The Milk Road Show: TON & Telegram crypto revolution - ðª German government offloading Bitcoin
[Prices as of 9:30AM ET. Click here for our Fear & Greed Index]( [breaker] WHAT'S GOING ON WITH TON? ð You may or may not have noticed, but right now, everyone's talking about TON. Theyâre making headlines daily and taking the crypto world by storm. â¡ï¸Â TON, short for âThe Open Networkâ, is a Layer 1 blockchain designed by none other than Telegram. Yep, weâre talking about the 4th largest messaging app in the world with over 900 million monthly active users. So, whatâs fueling all the excitement around TON? Why is it skyrocketing right now? Let the Milk Man break it down for you with some snazzy charts to show you whatâs really going on... 1/ Daily active users TON's popularity has jumped from just 10k daily active users (DAU) at the start of the year to over 350k as of today.Â
[Source: TokenTerminal]( Thatâs a staggering 35x growth in just six months! With Telegram's vast distribution platform, it's no wonder everyoneâs jumping on the TON train. 2/ Transaction volume This metric is key because it shows how much action a blockchain is actually getting. In other words, is it alive and buzzing or a ghost town like Luigi's Mansion? The graph below shows a steady rise in transaction volume since early 2023, with some big spikes around mid-2023 and onwards. The most striking highlight? The surge in Q2 2024, with transaction volume skyrocketing to $1.6 billion. ðÂ
[Source: CryptoQuant]( 3/ Total value locked Its biggest flex? The Total Value Locked (TVL) department, where TON proudly holds the #16 spot among all blockchains. ðï¸Â TON's growth has been nothing short of meteoric. It skyrocketed from $22M on March 1, 2024, to over $600M todayâthatâs an explosive 27x increase in just a few months. This hockey-stick chart says it all: TON is becoming a liquidity magnet and shows no signs of slowing down.
[Source: Artemis]( 4/ Holder count This chart shows the number of on-chain token holders of TON, and the growth is absolutely bananas. ðÂ
[Source: CryptoQuant]( Right now, there are 32M holders, up from just 2.9M a year ago. Thatâs a mind-blowing 11x increase in just one yearâtalk about explosive adoption and crazy network effects! 5/ Price The reason you are reading this is because TONâs price has jumped from $1.20 in August 2023 to $7.12 by todayâthat's in just 10 months.
[Source: CoinGecko]( P.S. If youâre wondering where TONâs price is headed, we have a pro report coming out soon. You can [upgrade here]( to be prepared. ð¥ The Milk Road Take: Some folks might say this surge is driven by low-quality activity (aka games and airdrops). BUT here's the dealâthey're onboarding users like no other, and once they're in, they're sticking around. Turns out leveraging Telegramâs massive user base has been a genius move. And get thisâthey're aiming to onboard 30% of Telegram's active users to TON by 2028. That's about 500 million monthly active users based on Telegramâs estimated growth. Mind-blowing, right? 𤯠If you're hungry for more juicy details, The Milk Road Show has you covered. We scored an exclusive chat with [Alenka Shmalko]( who is the Ecosystem Lead at [TON Foundation.]( She spilled the beans on TONâs unique bromance with Telegram and why it's being hailed as the strongest narrative of the bull market! Trust me, you wonât want to miss her insider scoop! ðð§ [YouTube]( | [Spotify]( | [Apple Podcasts]( [breaker] KNOW YOUR AUDIENCE: POLL QUESTION ð¥ We wanna make sure our content is as creamy and delicious as possible for YOU! To do that, we need to understand why you subscribed and what you're looking to get from us. Hereâs the milky results from Wednesday's poll, it looks like a good mix of crypto experience across the board! Vote in todayâs poll and help us help you! ð How much is your crypto portfolio worth? You can only select one option that represents you best. After voting you can leave a comment if you want to explain your answer in more detail. [$0](
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[$1,000,000+]( Your feedback is the secret ingredient to our recipe for success! ð¥ [breaker] THE MOST EXPENSIVE ALBUM EVER IS ONCHAIN FOR $1 ð¶ Recently, as part of Baseâs Onchain Summer campaign,[PleasrDAO announced they were bringing Wu-Tang Clanâs 'Once Upon a Time in Shaolin](â to the masses. Hereâs the kicker: PleasrDAO snagged the album for $4 million and is now selling access for $1 â a wild flip! Just like all those NFT traders who bought high and sold low, but this time, itâs on purpose. Hereâs a quick recap of the albumâs legendary journey: - The album was recorded in secret over 6 years with just one physical copy made in 2014. Talk about exclusive! - In 2015, the album was auctioned off to Martin Shkreli, the infamous "pharma bro", for a cool $2M. - After Shkreliâs 2018 conviction for securities fraud, the album was seized by the US DOJ and PleasrDAO bought it for $4M in July 2021. - PleasrDAO held their first private listening event recently, giving fans a rare musical treat.
[Source: Cryptoflies]( The catch? This album comes with a unique restriction. It can't be commercially exploited until the year 2103. That's right, we'll all be rocking our hoverboards and flying cars by then. BUT PleasrDAO has come up with a clever plan to get around this⦠it involves moving it onchain â itâs like buying a backstage pass to a concert centuries away. So whatâs the big release plan look like? The album is encrypted and being sold as multiple $1 NFTs. Each purchase moves the decryption date up by 88 seconds. Currently, the $1 NFT only grants access to preview snippets. If all ~28 million NFTs are sold, itâll unlock the full album immediately. ðï¸Â Proceeds are shared with the artists, motivating them to tweak the original no-commercial-exploitation clause.
[Source: @PleasrDAO]( Here we have a beautiful display of token gated content via NFTs displayed with a real world use case. NFTs as visual art are cool, but NFTs in music? Thatâs groundbreaking. Access is the key here â imagine NFTs gatekeeping new songs, ticket perks, IRL events, and more. Rolling Loud (the biggest hip-hop festival) is already experimenting with NFTs through Loud Punx: Lifetime festival access, VIP perks, the whole shebang. ð¥Milk Road Take: This new model could revolutionize how artists release and monetize albums. PLUS, this album has been through the wringer, making it a prime example of NFT innovation. NFTs have gotten a bad rap. And in most cases it is deservedly so. But the underlying tech is cutting edge. This experiment is a glimpse into the future of their evergreen use case. [breaker] FUNDING FRIDAY ð°ï¸Â Welcome back to Funding Friday! This week, $55.35M was raised by crypto companies. Here's the scoop on who secured the bag: 1/ Particle Network Raises $15M - What they do: [Particle Network]( focuses on building robust API, data service, and infrastructure solutions for Layer 1 and Multichain ecosystems. - Who led the round: [Spartan Capital]( 2/ Renzo Raises $17M - What they do: [Renzo]( is a DeFi platform specializing in staking, designed to optimize yield for its users. - Who led the round: [Galaxy]( 3/ Sonic Raises $12M - What they do: [Sonic]( is a gaming and infrastructure project built on Layer 2 solutions in the Solana ecosystem. - Who led the round: [Bitkraft]( Honorable Mentions: - [Zeek Network]( raises $3M for its seed round to expand its bounty and social network capabilities. - [ZKX]( raises $3.10M to develop DeFi derivatives within the StarkNet Ecosystem. - [Bitwise]( raises $2.50M for its seed round focusing on asset management and finance/banking innovations. That's a wrap for this week's Funding Friday, folks! Remember to keep an eye on these projects as they continue to innovate and potentially reshape the crypto landscape. [breaker] BITE-SIZED COOKIES FOR THE ROAD ðª [First Solana ETF in Canada filed.]( 3iQ, the digital asset juggernaut, filed for North America's first Solana ETF. If approved, it'll trade on the TSX under "QSOL". Canada: where crypto gets its maple syrup faster than the US! [Winklevoss twins drop $1M each on Trump's campaign.]( Tyler and Cameron Winklevoss, the Gemini co-founders, backed Trump with a cool $1 million each. Their contribution was almost as high as Bitcoin's last bull run. [German government to start Bitcoin sell-off.]( The government has started selling off a large Bitcoin stash, worth over $195M, which was seized from the operators of a movie piracy website, Movie2k.to. The market's now jitterier than a cookie on the edge of the counter. [New AI portfolio management tool on PancakeSwap](. The new AI tool, CupcakeHop, promises to sweeten your DeFi experience with automated strategies and real-time risk management. It's like having a financial wizard in your pocket. [breaker] MILKY MEMES ð¤£
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