How much $ can you make working in web3?

🧵 👇 

This thread is based on data from @Web3Career's website + a survey by @hiFramework.

Note: these are just averages, and there's a lot of variance in such numbers. 

But these might be good ballpark figures that give you a sense of how much you can earn from working in web3.

Btw, if you're interested in working in web3, then join my talent collective.

If accepted, your profile will be sent to vetted web3 companies in my network, so that they can reach out to you.

https://shivsak.pallet.com/talent/welcome?referral=true

@hiFramework surveyed 18 companies to see how much they're paying employees.

Here's what they found 👇

Founder Compensation
---

• Early-stage Companies: $100k - $175k per year
• Later-stage Companies: $175k - $225k per year

Non-token equity:
• Early-stage companies: 80% owned by founders
• Later-stage companies: 20-50% owned by founders

Non-Founder Executive Compensation
---

• Early-stage companies: $120K - $160K per year
• Later-stage companies: $225K+ per year

Non-token equity:
• Early-stage companies: 1-4%
• Later-stage companies: 1-2%

Engineer compensation
---

U.S.-based engineers: $125k - $160k (median $150k)

Global engineers: $100k-150k (median $125k)

Token equity: 0.1-0.4% of max token supply.

The highest-paid engineer surveyed was making $300k (not including bonuses)

Now let's look at what @Web3Career's data tells us. 👇 

How much do Web3 Developers earn?
---

Avg Salary: $100k - $140k per year

Variables: Location, Technology, Seniority & Years of Experience.

• Rust developers: $120k - $180k per year
• Lead developer: $140k - $200k per year
• North American developers: $120k - $200k per year

By Developer Type & Programming Language:

• Rust developers have the highest average salary: $120k per year

• Java developers have the lowest average salary: $67k per year

Here's the breakdown for developer salaries by specialty according to @Web3Career.

By Location:

• North American developers make the most: $120k per year on average

• Asian developers have the lowest salary: $50k per year on average

Here's the breakdown for developer salaries by location according to @Web3Career.

How much do non-tech workers get paid?
---

Avg Salary: $80k - $117k per year.

The salary depends on the specialty, years of experience, location & seniority.

By Specialty:

• Product Managers have the highest average salary: $117k per year on average

• Social Media employees have the lowest salary: $56k per year on average

Here's the breakdown for non-tech worker salaries by specialty according to @Web3Career.

By location:

• Oceanian non-tech workers have the highest salary: $105k per year on average.

• African non-tech workers have the lowest salary: $22k per year on average.

Here's the breakdown for non-tech worker salaries by location according to @Web3Career.

These numbers come with some caveats:

• These are averages. They include part-time jobs.

• They include positions in countries all over the world. 
$60k might not seem like an amazing salary in the US, but it's great if you're living in India.

If you’re just starting out and don’t have a ton of experience, skills, or credibility, you might make significantly less.

If you are an outlier or have a specialized skill, you can make A LOT more.

I've heard of smart contract devs who charge $150k+ for a 3-month project.

See the @Web3Career website for more details about these numbers: https://web3.career/web3-salaries

For reference, here's @hiFramework's survey of web3 startup salaries.

https://medium.com/@framework/navigating-web3-compensation-a-framework-report-1a053ba41767

In the next few days, I'll be sharing a comprehensive guide with EVERYTHING you need to know about working in web3.

So if you're interesting, subscribe to my mailing list 👇

https://www.getrevue.co/profile/shivsak

How much money can you make working in web3?

Are you a product or community builder?

Interested in working in web3?

🧵 👇

Lots of talented people ask me to help them get their foot in the web3 door.

And many web3 companies want to access such talent pools.

I believe I can provide value by connecting talented builders with great companies.

So I'm launching a talent collective on @Pallet_HQ.

If you're looking to work in web3, my collective can help you:

• Get your foot in the door
• Access curated web3 jobs for builders
• Get opportunities you wouldn't otherwise have access to

I'll also be marketing the candidates in my collective to my network regularly.

My collective is meant for product and community builders.

This includes:
• Engineers
• Data Scientists
• Product Managers
• Designers
• Marketing & Growth Managers
• Community Builders
+++

If that sounds like you, and you're interested in web3 roles, join my collective to get hired by great web3 companies.

https://shivsak.pallet.com/talent/welcome?referral=true

I've also been working on a detailed guide with everything you need to know about working in web3 – will share it in a few days.

Follow me @shivsakhuja and subscribe to my newsletter to make sure you don't miss it.

https://www.getrevue.co/profile/shivsak

If you're a company looking for a web3 talent pool, send me a DM.

I'm launching a Talent Collective

MEV is a hidden tax imposed on users of a blockchain by miners, validators, and sequencers.

We made a video + 🧵 that explains the concept.

🍿 👇 🎬 

You can watch the full video on YouTube.

We regularly share explainer videos that simplify complex crypto topics through animation - be sure to subscribe to the channel!

https://www.youtube.com/watch?v=jpt6C3uLaE8

MEV stands for Miner-Extractable Value or Maximal Extractable Value.

Simply put, MEV is the total value that miners extract from a blockchain network’s users by selectively reordering, inserting, and censoring transactions within blocks produced on the network.

How do miners and validators extract this value?

Pending transactions from users go to a pool called the 'Mempool' where a 'Miner' comes in and chooses a few transactions from the Mempool to organize into a block.

Since each block has limited space & can only contain a limited number of txs, miners are responsible for selecting, organizing, and aggregating network transactions into blocks.

They ultimately decide which pending transactions from the mempool are added to produced blocks.

As you might expect, miners and other key players, such as validators and sequencers when it comes to Proof-of-Stake protocols, typically prioritize the transactions which have the highest value and gas fees, so they can get the highest profits possible.

Here's an analogy from the finance world to explain this better 👇 

Suppose an investor or trader asks a broker to purchase 100,000 shares of Apple stock.

Now, the broker knows that a trade of this size will push the price of the share higher. 

So before buying the shares for his client, the broker instead buys 10,000 shares for himself first.

After all, he’s in control of placing the orders, so it’s his choice in which order he decides to execute them.

Now, once the broker has first bought for himself, he can execute the large order on behalf of his client.

Then, once the price of the stock goes up, the broker sells his own shares to make a profit!

This is similar in concept to how MEV allows miners to profit when they are allowed to reorder, insert, and censor transactions within the blocks being produced.

Check out the full video to understand this in more detail, and learn about the different types of MEV.

https://www.youtube.com/watch?v=jpt6C3uLaE8

The content for this video 🧵 was written by @TheoDelarosa_. 

I recommend following him - he publishes an excellent weekly newsletter called The Crypto Grimoire covering everything going on in Crypto - it's SUPER comprehensive.

https://twitter.com/TheoDelarosa_/status/1568307763834667008

Also check out @ShivanshuMadan, whose threads about MEV inspired this writing - he's great at making complex topics simple to understand.

https://twitter.com/ShivanshuMadan/status/1549510560974131200

Our next video will be about the story of the Silk Road.

Subscribe to the channel for more explainer videos simplifying complex topics in Crypto & DeFi.

https://youtube.com/channel/UC0vxvXSLPNRrDa12WJxcZQg

What is MEV? A hidden tax on blockchain users?

The $ETH Merge is in a week.

It's causing some major ripple-effects.

Here what's going on + some information on how to prepare / profit 👇

The Merge is a BIG event for @ethereum.

If you don't know much about it, we made a primer video + 🧵 explaining the Merge.

https://twitter.com/0x_illuminati/status/1546581321287286784?s=20&t=r_z3dKm781Aw_0j1P49ogA

Some ripple effects of the Merge:

1. GPU prices are plummeting - down 73% as PoW mining will soon become a lot less attractive.

(Credit to Pete Huang from Coinbase - he's a great person to follow on LinkedIn)

2. $stETH price has fallen to 0.9596 $WETH.

Likely because people are trying to stack native ETH for the ETH PoW snapshot.

(Source: @dexscreener)

3. The utilization and interest rates for borrowing $ETH on @AaveAave shot up as people started stacking ETH to farm the ETH PoW snapshot.

https://twitter.com/hufhaus9/status/1567126156134027272

4. So much so that @AaveAave has temporarily paused borrows on the $ETH market, fearing the high utilization might interfere with liquidations and increase chances of insolvency for the protocol.

They are also worried about $stETH price deviating further causing causing destructive domino effects.

More than 96% voted yes to temporarily pausing $ETH borrows on @AaveAave.

How to prepare / profit
---

This thread by @lemiscate is an excellent guide on what to do (and what not to do)

https://twitter.com/lemiscate/status/1567081095639826440

The gist of it:

• Doing nothing is ok (seriously!)

• Get your money out of CeFi as they won't support ETH PoW. 

• CEXes are also likely to stop withdrawals close to the Merge.

• Mainnet DeFi plays like lending $ETH can be profitable

• You could buy $stETH (or other liquid staking ETH tokens) at a discount

• Monitor L2s for arb opportunities

If you're planning to borrow ETH to farm ETHPoW, @BarryFried1 points out that @eulerfinance has some very cheap rates.

Barry is a DeFi giga-🧠 – definitely worth following.

https://twitter.com/BarryFried1/status/1565074228684144642

But don't be blindly bullish.

• It might be underwhelming - won't change all that much immediately.

• It could be a "sell the news" event.

• You could lose $ trying to play the merge.

• There could be destructive domino effects (like stETH depeg)

And of course, there's always a chance that it could all go catastrophically wrong and doom crypto forever. 

(unlikely, but anything is possible 😅)

https://twitter.com/shivsakhuja/status/1539124331002871809?s=20&t=yp1QqMIuzQpL3LZAF-uRWA


Follow me @shivsakhuja and subscribe to my newsletter to receive important updates and interesting web3 ideas directly in your inbox.

https://www.getrevue.co/profile/shivsak

Finally, here are some 🧵s explaining the Merge in more detail if you want to dive deeper.

https://twitter.com/shivsakhuja/status/1528553462220197889?s=20

ETH Merge Ripple Effects: How To Prepare & Profit

There's a lot of fear in the bear market. 

But things are better than you think 👇 🧵 

There are 4 MILLION monthly downloads for the "ethers" package used by web3 devs to develop dapps.

(Up from 1M/month in Jan 2021)

There are 2.4M monthly downloads for the competing web3 package.

i.e - devs are still developing.

There are ~7.5M transactions taking place on the Ethereum network every week.

There have been over 1 BILLION transactions on @ethereum since 2020.

There are over 51.3 MILLION smart contracts that have been created on @ethereum alone.

+ Tens of millions on other chains.

+ Tens of millions in development.

VCs invested $33 BILLION into web3 startups in 2021 alone. 
And will probably do even more in 2022.

There's a long lead time for such investments - these companies & networks are still being built.

The next few years should be fun.

Uniswap has settled over $1 TRILLION worth of swaps since its inception.

Even right now, there are still ~250k monthly active users on @uniswap swapping tokens.

@LooksRare and @opensea have EACH done over $20 BILLION worth of NFT sales volume in 2022.

Even last month (in the midst of a bear market):
• OpenSea did $500M+
• LooksRare did $220M+

Total Crypto Market Cap is ~$1T
- that's 10x more than 5 years ago.

Total Value Locked (TVL) in DeFi is ~$60B
- that's 10x more than 2 years ago 
- and 100x more than 3 years ago.

According to the Gartner Hype Cycle, it seems we are currently in the trough of disillusionment.

I'm encouraging you to see the slope of enlightenment.

https://twitter.com/shivsakhuja/status/1551466317735030785?s=20&t=CFa8sNOEw5xcLeYpbAmmIg

I'm not an irrational optimist. I've explored what could kill crypto before.

https://twitter.com/shivsakhuja/status/1539124331002871809

I've even dared to question the narratives behind Bitcoin.

https://twitter.com/shivsakhuja/status/1545193926847475712

But now, I'm encouraging you to zoom out - things are better than you think.

Devs are still building, the networks are still being used.

https://twitter.com/100trillionUSD/status/1484519386815909894

You're a part of the most significant financial revolution of the century – enjoy the journey.

Consider subscribing to my substack for some rational optimism about the future of the most interesting ideas being built in web3.

shivsak.substack.com

Bear Market Activity

Decentralization isn't real.

Ever heard of Plato's Theory of Forms?

🧵 Philosophy & Crypto 👇

Plato was a greek philosopher from the classical period (~400 BC).

One of his most well-known ideas is the Theory of Forms.

He postulated that "the physical world is not as real or true as timeless, absolute, unchangeable ideas"

These "Ideas" or "Forms" are the essences of all things.

The objects we see in daily life are mere (imperfect) imitations of these essences or ideas.

You know about the idea of a circle, but the circles you have seen are imperfect implementations of the idea.

For example, this might look like a perfect circle to you.

But if you look closely, nothing is perfect. 

Reality can never live up to the "form" or "idea". 

I view Decentralization as an "Idea" or "Form".

We may be able to get close to the idea of decentralization, but never perfectly decentralized.

There will always be imperfections.

But we are still pretty far from decentralization.

Most L1 blockchains are fairly centralized.

Bitcoin is considered the most decentralized, and yet its PoW Miners are still a very small group.

Ethereum is also considered decentralized, but a large chunk of ETH is staked through just a few providers like Lido / Coinbase, and more than half of all nodes run on AWS.

https://twitter.com/MarbiusC/status/1562512441321218048?s=20&t=agQwJhsN1Y1cLseMuzlKOw

The 3 largest stablecoins in the market (USDT, USDC, and BUSD) are centralized.

The largest decentralized stablecoin (DAI) is largely backed by centralized collateral like USDC.

DAOs are meant to be decentralized organizations but nearly all of them are still highly concentrated - most are not very different from centralized entities.

https://twitter.com/0x_illuminati/status/1548032254844100614

"An application is only as decentralized as its most centralized layer" (@alliancedao)

Goldfinch & TrueFi for example are DeFi credit protocols providing undercollateralized loans, but they are still pretty far from decentralized.

https://twitter.com/shivsakhuja/status/1558264857606111233

"True" decentralization might just be an unachievable form like Plato suggests.

And we are still quite far even from "sufficient" decentralization.

But the internet wasn't built in a day. Nor will its next generation.

We are making incremental steps every day.

Subscribe to my substack for more ideas like this.

shivsak.substack.com 

Decentralization isn't real... Philosophy & Crypto

web3 is supposedly censorship-resistant, but the US government just sanctioned @TornadoCash, and its founder was arrested.

What's the real deal with censorship in crypto? 🧵 👇

Crypto is considered censorship resistant because the networks are decentralized.

The network can continue to operate as long as a few people somewhere in the world are running nodes.

In web2, the government can order Amazon to shut down the AWS servers for a specific website.

Amazon, being a regulated US company, has to abide by the laws of its government.

But in web3, it's virtually impossible to enforce. A few individuals could in Bali or Malta or anywhere else on 🌍 could power the entire network.

If the network is sufficiently decentralized, it's almost impossible for governments to shut it down.

Enforcing censorship in a decentralized network is an endless game of whack-a-mole.

There's a similar loop with illegal movie streaming websites.

A new illegal streaming website emerges → Government bans it months later → Developers move it to a new domain.

But that doesn't mean the government has no power.

• Governments can ban fiat ← → crypto exchanges. 

This doesn't make crypto completely useless. but it makes Crypto very unattractive for 99% of users.

I mentioned this as one of the key risks in my article titled "What could kill crypto"

https://twitter.com/shivsakhuja/status/1539124331002871809

Theoretically, people can get around it by using crypto debit cards, or using crypto ATMs / OTC traders to get fiat from their crypto.

But that might be illegal in many countries. And even if not, it just isn't worth the hassle for most users.

The government can also sanction crypto apps or networks as they did with the @TornadoCash, taking the websites down and making them illegal to use.

People around the world can still spin up new frontends for the app (and they have).

But again - it just isn't worth the risk for most people.

Why would you want to do something illegal and risk massive repercussions?

Governments can also impose huge taxes on crypto to discourage use.

The gist of this 🧵:

• Technically speaking, it's virtually impossible to enforce censorship in web3.

• Practically speaking, governments can make a network or dapp illegal or cost-prohibitive to use so that there are it's worth the risk, cost, or effort for anyone.

Is web3 really censorship resistant?

web3 social networks might sound like a gimmicky idea.

But they're actually wildly important.

Here's why... 🧵 👇

1. Data Portability
---

In web2, data is owned by the company.

In web3, data is owned by the user (you!).

https://twitter.com/shivsakhuja/status/1537271370999922688


The best explanation of this is @cdixon's thread on web3 data portability.

https://twitter.com/cdixon/status/1479920741768261633

Why is data portability valuable for social networks?

1. Social relationships (followers, friends, subscribers, clients, etc) are owned by you

2. Your content & data is owned by you

3. Content, data, and social relationships are immutable & platform agnostic

+++

Some examples to illustrate data portability in web3 vs web2...
https://twitter.com/shivsakhuja/status/1554332636281065472

But data portability isn't the only reason why decentralized social is valuable.

2. Openness / Transparency
---

web2 social data and algorithms are completely opaque.

We have NO idea what data these companies collect, nor do we know how the algorithms work.

Even engineers in these companies don't know how the algorithms truly work.

https://twitter.com/desoprotocol/status/1557389233270075393?s=20

web3 is built on the principles of openness and transparency.

Creating an open social graph (@LensProtocol) is a massive stepping stone towards a truly transparent internet.

@desoprotocol also has the same ethos - all of DeSo's code and data are open and stored on-chain.

3. Take-Rate
---

web3 networks are better for creators because of the "take-rate".

Since web2 social networks own your data & followers, they "take" a big % of creator earnings.

• YouTube takes 45% of revenue from user-generated content.
• IG, Twitter, TikTok take 100%!

Music is another clear example.

There are over 8M artists on streaming platforms, but less than 0.2% earn > $50k/year.

In web3, creators can make a lot more because they won't be subject to extortionary take rates.

https://twitter.com/shivsakhuja/status/1533812519542071298?s=20

Once again, no one explains this better than @cdixon:
https://twitter.com/cdixon/status/1425645842552086532?s=20

See my illustrated thread on web2 vs web3 to understand why web3 has some clear advantages over web2.

https://twitter.com/shivsakhuja/status/1537271343292354560


In web2, a few dominant players own user-generated content:

• FB / IG own image-sharing.
• YouTube owns video.
• TikTok / IG own short-form video.
• Twitter owns short-form text.
• FB owns chat. (WhatsApp, Messenger)
• LinkedIn owns professional.

Creators are completely at the mercy of these platforms.

This is why you see so many creators building newsletters and trying to cross-pollinate their followers to multiple platforms.

The paranoid YouTuber, always afraid of getting de-platformed, is almost a cliche.

Speaking of which - I'd like to do some cross-pollination too, so subscribe to my newsletter for weekly digests of the most important stuff happening in crypto 👇

https://www.getrevue.co/profile/shivsak

If you're not a creator, you may not recognize the power of the platform, but web2 social media companies hold enormous power.

https://twitter.com/WuBlockchain/status/1519498662208225280?s=20&t=5o4QqgMyG8aeZKUeZEtsmQ

Imagine that you own a business that relies on social media marketing (as most do today).

Getting de-platformed or deprioritized by the algo-gods (i.e - Silicon Valley tech bros) is a kiss of death.

Creators are even more vulnerable to this, and there are over 50M globally.

This happened to @BanklessHQ's YouTube channel as well.

https://twitter.com/BanklessHQ/status/1523317593947353089?s=20&t=2fF62D5QHXLiLlG4-RwakA


One key player in the decentralized social space is @LensProtocol, which describes itself as:

"a permissionless, composable & decentralized social graph that makes building a Web3 social platform easy."

Social graph ≠ social network.

Think of a social graph as a web3 base layer for social relationships that anyone can build on top of.

Example use cases:

• Devs can build decentralized social networks on top of Lens.

• Governance and collaboration tools for DAOs built on top of Lens' open social graph.

+++

@LensProtocol was founded by @StaniKulechov, who is also a founder of @AaveAave, one of the top lending protocols in the DeFi space.

Having a web3 founder who has successfully created a useful non-ponzi, multi-billion $ project gets you an A+ for "Team" on my scorecard.

Btw - I have no investment in or affiliation to Lens Protocol - just sharing research about an interesting protocol I've been reading about recently.

LensProtocol isn't the only one solving this problem.

@desoprotocol (DeSo) is working on a similar concept. They're building a decentralized blockchain built to scale decentralized social applications to one billion users.

200+ apps have already been built on DeSo.

I'll be deep-diving into this and other web3 disruptors in the coming weeks - stay tuned!

Follow me @shivsakhuja for insights into crypto projects that can change the world.

I don't do fluff, TA, promos, or price predictions - only fundamentals.

You might also enjoy my thread about the properties of NFTs (and by extension web3) that explains what makes the technology so disruptive.

https://twitter.com/shivsakhuja/status/1554332563916742656


Why Web3 Social Networks are Disruptive

I fell for a scam during the 2021 bull run.

I didn't make a mistake, I made a whole series of mistakes.

Here's my scam story - hope it helps you learn what NOT to do 

🚩 👇 🧵 

It's a raging bull market. 

Cryptofluencers are flaunting their wealth, and promising more to come for everyone.

Price targets make the moon look like a friendly neighbor.

I'm also scouting for some juicy moon landings.

Mistake 1: Greed 🚩

Launchpad projects have good moonshot potential in a bull market.

Many do a 10-50x right out the gate.

To receive an allocation, you have to:
1. Hold launchpad tokens
2. Complete a KYC process / some activities for whitelisting
3. Buy the tokens when allocations open up

I found a launchpad project that looked pretty good.

I created a spreadsheet to run the numbers - mainly to see ROI on holding the launchpad's token, and simulate some outcomes.

Worst case: Native token + allocation goes to 0 & I lose 100%

Unlikely and I was ok with that risk.

I bought the launchpad tokens and completed my tasks to get whitelisted.

Now it was time to wait for allocation day.

So I waited and planned my exit, mentally calculating which tokens I would roll my 50x into.

A week or so later, my calendar alerts me that it's allocation day.

My day was packed with meetings, but I didn't want to miss the deposit window and I was quite eager to go and secure my allocation.

I received a telegram message on the announcements chat directing users to go claim their allocation.

Mistake 2: Not verifying the telegram group 🚩🚩

I found myself with 10 minutes between meetings.

I hit the telegram link. It took me to the launchpad page, where I connected my wallet.

It showed me my tokens & allocation details. It looked exactly as I remembered.

Mistake 3: Clicking a telegram link to access a dapp 🚩🚩🚩

Now I just had to deposit.

I entered 0.5 ETH (my planned deposit amount).

The MetaMask popup opened, and I confirmed the transaction.

Oops! The app showed me an error saying the transaction had been rejected. ⛔️

Damnit – just gotta try again I suppose.

I muttered some curses about blockchain UX problems, and submitted another 0.5 ETH transaction.

Mistake 4: Trusting the app UI instead of my wallet. 🚩🚩🚩🚩

Failed again!

At this point, even my snail-brain was starting to get suspicious.

I checked my MetaMask wallet history. The transactions were clearly there and had already completed.

I refreshed the page hoping to see my deposits reflected - sometimes these dapps take a minute.

By this point, I already had a sinking feeling in my stomach.

I poked through Etherscan, and found that my funds had indeed been deposited to a smart contract.

I went to the launchpad's CoinMarketCap page and found the website from there.

It looked identical. But then I noticed it.

The ONLY difference.

The real domain: app-[launchpad].com
The fake domain: apps-[launchpad].com

This is how I felt: 🤮

I had just fallen for a scam that I like to call "The Clone Project".

https://twitter.com/shivsakhuja/status/1523302688573693954?s=20&t=Qx3CNuk6o3sMusnS3QWMOg

A similar variation of this scam is "The Urgent Mint".

https://twitter.com/shivsakhuja/status/1523302704642097152?s=20&t=Qx3CNuk6o3sMusnS3QWMOg

At this point, the funds were unrecoverable and I knew it.

I checked the smart contract, desperately hoping that this wasn't what I knew it to be.

Then I hung my head in shame, and went to my next meeting thinking about all the shitcoins I could have bought with that lost ETH.

Lessons permanent etched into my mind:

• Don't act in haste.

• Don't trust Telegram links / groups

• Only access websites from a trusted source

• Verify the website

• Your wallet / etherscan are the sources of truth, dapps are not.

The only thing I did correctly here was putting in only what I could comfortably afford to lose.

Everything else was a shitshow that still makes me cringe when I think about it.

I'm usually quite careful with dapps.

I probably wouldn't have made these mistakes if I hadn't been acting hastily and trying to get it done in between meetings.

Impatience, greed, and negligence cost me one beautiful ETH + gas fees 🤦 🤮

There's a lot of scams in the crypto world.

I made this thread to share the common ones I've seen and help others avoid my mistakes.

https://twitter.com/shivsakhuja/status/1523302665588936704

I also made this video about the same - if my pea-brain mistakes help others avoid a similar fate, it'll be worth it.

https://www.youtube.com/watch?v=4H83FBlF1N0

I also wrote about more ways to get rekt in crypto - common pitfalls to avoid.

https://twitter.com/shivsakhuja/status/1533204982438109185

I've been in Crypto for many years and yet sometimes, I still find myself falling prey to greed and negligence.

I may be a pea-brain, but I try to share my learnings as I spend all my time in this exciting space - follow me @shivsakhuja.

I fell for a crypto scam - my story and learnings

There's no denying that Crypto has a steep learning curve.

I'm on a mission to make the world of crypto easy to understand through visual explainers.

Here's a learning journey of videos and threads to help you go from 0 → 100.

🎬 👇 🧵

For starters, you might find yourself confused by a lot of the terms and concepts in this space.

This terminology guide can serve as a good reference.

https://twitter.com/shivsakhuja/status/1512559915952324609

Your crypto journey begins with the OG - Bitcoin:
https://www.youtube.com/watch?v=BW6nX7EW9RI

If you understand Bitcoin, you can read about the various narratives of Bitcoin and assess for yourself which ones you see playing out in the future.

https://twitter.com/shivsakhuja/status/1545193926847475712

Next up: learn about Ethereum.

@ethereum's official website has a page called "What is Ethereum", which is a pretty good starting point.

https://ethereum.org/en/what-is-ethereum/

If you prefer animated videos, this one explains the basics of Ethereum.
https://www.youtube.com/watch?v=_O0Ur68ybLY

To understand this world better, you need to understand Smart Contracts.

This video thread by @0x_illuminati explains smart contracts in 2 mins.

https://twitter.com/0x_illuminati/status/1539903016580526083?s=20&t=8IH5qQKNrYH0bVKx1oRydQ

Ethereum is known as a Layer-1 blockchain (L1).

But the network is always congested because it can't support enough transactions to meet the demand.

This illustrated thread by @aaraalto explains Layer-1 vs Layer-2 blockchains

https://twitter.com/aaraalto/status/1489293659308654597

I've also explained Layer-2s before in more detail if you're looking to dive deeper.

https://twitter.com/shivsakhuja/status/1509329321936130056

Now, what can we actually do with these smart contracts and blockchains?

For starters, there's a whole alternative financial ecosystem called DeFi or Decentralized Finance.

https://youtu.be/s0Nky7ApaNw

Here's an illustrated introduction to the world of DeFi and all the various components of this financial ecosystem.

https://twitter.com/shivsakhuja/status/1539923684445388800

Stablecoins are quite possibly the most important (yet least exciting) part of the DeFi ecosystem today.

https://www.youtube.com/watch?v=knKaEfyZZAM&t=192s

You may also have heard about NFTs or Non-Fungible Tokens. 

This video is a basic primer on NFTs.

https://youtu.be/RAQx-2BrrAk

NFTs may not make a lot of sense to you currently.

That's probably because the only NFTs you've seen so far are overpriced JPEGs.

But the technology unlocks a lot of doors.
https://twitter.com/shivsakhuja/status/1551963510803877888

The same is true for the rest of the crypto space. 

Most use cases right now aren't as valuable as the hype would suggest, but we're still very early.

There are a lot of practical applications of Crypto that I think we're likely to see in the future.

https://twitter.com/shivsakhuja/status/1531504470776983553

Web3 isn't a solution for everything but it has certain clear advantages over web2.

https://twitter.com/shivsakhuja/status/1537271343292354560

I'm on a mission to educate the world about Crypto through visual explainers - follow me @shivsakhuja for more curated learning journeys, deep dives, research threads and more ✌️