Nov 3, 2021
I put this together after several friends asked about where to start learning/using crypto. I hope it's useful!
- Getting started
- NFT Marketplaces
- NFT Teams/Art/Projects
- Decentralized Finance (DeFi)
- Decentralized Apps (DApps)
I think the best strategy is to simply own the "blue chips" and avoid most projects and hype. It is an easy way to participate, you're still early , and you'll have an incentive to learn and keep up with the space - while avoiding the many scams and taking on unnecessary risk.
- Setup a Coinbase Pro account (free account + lower transaction fees than regular Coinbase)
- Buy the "blue chips" - Bitcoin (BTC) and Ethereum (ETH)
- Allocate some small percentage of your portfolio that you're prepared to lose.
- I would also consider owning Solana (SOL)
- Alternative to Ethereum that has gained in popularity recently.
The Tim Ferriss Show (episode) - high level overview of Bitcoin and blockchain from 2017
Invest Like the Best (episode) - overview of the NFT and DeFi space with Chris Dixon of Andreesen Horowitz
Modern Finance (show) - Kevin Rose's (Digg) show covering crypto projects
NFT - Non-fungible token
DeFi - Decentralized Finance
DApps - Decentralized Apps
DAO - Decentralized autonomous organization
Coinbase Pro - Recommended. Free, but lower fees than regular Coinbase.
Binance - For advanced users. Sometimes has earlier access to tokens.
Uniswap - Best decentralized exchange. High fees. Runs on Ethereum.
Solana - a new blockchain for decentralized apps and marketplaces - alternative to Ethereum
Chainlink - connect smart contract to real-world data
Flow - NFT-focused blockchain. Developed by Dapper Labs.
Filecoin - decentralized storage (i.e. decentralized AWS S3)
Stacks - dapps and smart contracts on the Bitcoin blockchain
Metamask - browser-based software wallet for Ethereum
- You'll use a wallet like this to buy NFTs on exchanges like OpenSea.
Ledger - a hardware wallet for "cold storage"
- I have and use the Nano S.
- I recommend this once you have a significant amount of money in crypto (whatever "significant" is to you). Otherwise, not really necessary.
Decentralized Finance (DeFi)
Decentralized Apps (DApps)
BitClout - crypto social network
OpenZeppelin - Ethereum development platform
BuildSpace - learn how to code for Web3
Solidity - programming language for Ethereum
Rust - programming language for Solana