Plus: The Rise of Web3 Super Apps and What They Mean for Decentralized Applications
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Good morning apes,
If you thought things will go back to normal after the FTX scandal is resolved, think again. The FBI has reported record losses from cryptocurrency scams. Keep reading to find out more!
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🍿 Quick Snack
- 🚨 Cryptocurrency investment fraud has surged, resulting in reported losses of $2.57 billion in 2022, a 183% increase from the previous year. Scams such as liquidity mining, hacked social media, impersonating celebrities, real estate fraud, and fake job offers are to blame.
- 📱A look at how Web3 applications, such as those offered by Upland, Omni, and EMG, could be the next generation of super apps thanks to their decentralized nature.
- 🎮 Web3 gaming industry leaders predict a huge increase in gamers in the next 1–2 years and over $100 billion spent annually on in-game items with the rise of NFTs redefining digital ownership and facilitating its transfer of value.
- 🍟 Extra Fries…