Boys Club wants to help newbies understand crypto through good and bad times

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Boys Club sees decentralized social as hot sector this market cycle

It’s no surprise that when the crypto market is surging that outside observers start to show interest in the industry in hopes of getting a quick buck (FWIW, it’s not easy.) But as the crypto market waivers between a bull and bearish state, depending on who you ask, there’s still rounds of people entering, but for different reasons.

Boys Club, a social collective that aims to onboard new people into web3, is no stranger to this.

Its community and applicants “track with the market,” Deana Burke, co-founder of Boys Club, said on Talking Tokens podcast. But like many other groups in crypto, Boys Club is not driven just by market prices, she added.

(Listen on Spotify, Apple Podcasts and YouTube.)

“When the market is hot and prices are up, we get a lot of people who are ‘totally green,’ brand new and just want to learn,” Burke said. During crypto price peaks, applications for Boys Club consists of people from non-web3 professions like acupuncturists or florists, she added.

“When the market is in that state, we get a lot of that type of [people]. When the market is cooler, it is a lot of word of mouth and it’s people working at crypto companies or looking for a job and have that as their intrinsic motivation.”

But given that Boys Club isn’t a trading group, the participants are more consistent and less driven by money and market trends, she added. “It’s a lot of people talking about the values of crypto, making sense of different projects and how to reconcile the political landscape.”

When asked where the biggest focus is this cycle, Burke replied that decentralized social is something “a lot of people are looking at.” There’s “a lot of love for Warpcast and Farcaster,” the decentralized social networks growing in popularity, as well as other decentralized social projects like Mastodon that people are monitoring, too.

“I think it solves a distinct pain point a lot of people feel around spending time on something like Twitter where the algorithm is opaque and inability to import followers,” she added. People are looking for “solutions in social media apps or dApps,” Burke said.

Check out the next section for more details and the full episode.

The latest Talking Tokens podcast 🎙️

For this week’s Thursdayepisode, I interviewed Deana Burke, the co-founder of Boys Club.

Jacquelyn and Deana talk about the evolution of Boys Club, onboarding non-web3 people, building communities with intention and the vibes at EthCC.

Talking Tokens episodes are released onSpotify and Apple Podcasts at 6AM EST or YouTube at 10AM EST every Tuesday and Thursday. Listen in!

Make sure to subscribe to keep up with the latest episodes. Feel free to leave a review and tell us your thoughts.

Monitoring blockchains

Looking at some of the biggest developments onchain.

• Polygon launched its new zero-knowledge proving system, Plonky3, as an open-source toolkit for devs

• Superchain TVL up $330M to $2.8B post SuperFest launch

• Solana is close to passing Ethereum in trailing 30-day volume for decentralized exchange trading (chart below)

Taking on the tokens 

The total crypto market cap lowered less than 1% in the past 24-hours to $2.37 trillion. It increased almost 10% over a 7-day period.

As for the largest cryptocurrencies by market cap…

These metrics were taken prior to publication on Thursday morning EST.

Money and people moves

Latest updates on crypto startups that secured funding and industry players who are starting something new.

1. Trump Campaign Reaps $3 Million in Crypto, From Bitcoin to Dogecoin (WSJ)

2. Polymarket taps election statistician Nate Silver as advisor (The Block)

3. Binance exec Tigran Gambaryan’s case won’t resume until October as judge goes on holiday (DL News)

4. Bitcoin Miner Northern Data Moves to Dismiss Ex-Employees’ Whistleblower Suit (CoinDesk)

5. Crypto-AI startup Mira raises $9 million in seed funding (The Block)

Talking points for the road 

Here’s some headlines and topics that you can talk about at your next dinner party, crypto event or on a first date to look smart (results may vary.) 

1. Man who claimed to be inventor of bitcoin referred to UK prosecutors for alleged perjury (CNBC)

   1. More on this…The man in question, Craig Wright, must post that he is not actually Satoshi Nakamoto, the creator of bitcoin, following UK ruling

2. Crypto Options Traders Can Soon Target Bets on US Presidential Results (Bloomberg)

3. Trump’s VP pick JD Vance is first Bitcoin holder on a Presidential ticket (Fortune)

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Please note that this content is for informational and entertainment purposes only. Any views shared should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research. We may have a direct or indirect financial interest in content mentioned in this newsletter.