Here's What Vitalik Predicts For 2023

GM Readers!📪 It's BitDegree Insider, and you know what time it is.

⭐️Today's selection:

• 🧠Vitalik's 2023 Projection
• 🔒Massive Hack Prevented
• 👟NFT Drop Sells Out In Record Time
• 🧋Wednesday's Bubbles
• 👌Selected Meme of The Day
• 📰Bite-Sized News

VITALIK'S 2023 PROJECTION

Vitalik Buterin, the captain of the Ethereum ship, and everyone's favorite crypto fashionista has spoken out about the future.

As as a guest speaker on the Bankless podcast, Vitalik addressed what the current crypto market situation promises in 2023.

And, according to him, the industry will be offering 3 major opportunities.

For Buterin, crypto wallets are the first "huge" opportunity. An opportunity which relies on developers getting even more serious about it.

They have to improve the infrastructure to make crypto wallets easier to use.

Efforts have to be made to ensure that such applications are capable of processing transactions from billions of users.

"If you can create a wallet that benefits a billion people, that's a huge opportunity", said the grand-maester.

The second opportunity lies in the stablecoin area. Buterin stressed that they stand a good chance of becoming the next big thing in the crypto market.

"If you can create a stablecoin that really survives everything, including the hyperinflation of the dollar, then you have a huge opportunity. Creating such a coin seems like a lifeline for anyone going through this situation."

The third idea mentioned by the Ethereum founder concerns the use of crypto as a challenge to big companies' dominance in the virtual environment.

"If you can come to work at Ethereum and overthrow Facebook, Google and Twitter as the lords of the online industry, that in itself is a huge opportunity, right? You can still create huge things, but it's harder to build them."

So here you go. That's the gist of Vitalik's truth bombs that he shared with everyone on the podcast. The good thing here is to see that he's optimistic.

Instead of excuses, he sees opportunities. Let's follow suit.

TL;DR: Ethereum founder Vitalik Buterin is optimistic about 2023. Progress in wallet usage, solid stablecoin development, and increasing crypto influence in the online space are the three things that Vitalik sees as opportunities for growth.

MASSIVE HACK PREVENTED

Harpie, the on-chain firewall, just saved us from reading new headlines about yet another painful crypto hack.

Here's what happened. A hacker tried to withdraw funds from a compromised wallet. And by 'funds' we mean $700k. 

The hacker tried. And did not succeed. Harpie intervened and said 'I don't think so'.

Once the attacker got access to the compromised wallet, the only thing left for them was to send the about-to-be stolen assets to their own wallet.

By doing so they had to pay the gas price for the transaction. And they probably went with the default transfer settings, not expecting anything to happen.

But Harpie, the firewall, detected the suspicious activity, and paid a higher price than the attacker had agreed upon.

Therefore the transaction was stopped, and the assets were sent to a safe wallet.

TL;DR: Harpie, an on-chain firewall, prevented a hacker from stealing $700k from a compromised wallet.

NBA LEGEND SCOTTIE PIPPEN'S NFT DROP SELLS OUT IN RECORD TIME

Yesterday we talked about how Trump entered the NFT game and how successful he was.

But today he got outshined by... Scottie Pippen, the legendary Chicago Bull.

He launched an NFT project that sold out in... 77 seconds.

Called "Scottie Pippen SP33", this NFT drop consists of 1,000 unique pairs of metaverse-ready sneakers.

They were available for 0.2 ETH ($241), and the price on the secondary market doubled pretty quickly. At the time of writing, you can find one for 0.37 ETH (~$480)

TL;DR: NBA Legend Scottie Pippen lauched an NFT collection, it sold out in record-breaking 77 seconds.

WEDNESDAY'S BUBBLES

Here's something new for y'all. Let's take a look at how the market looks like... in the shape of bubbles. Because why not.

What you see here is the weekly performance of various tokens.

Red bubbles = value decreased.Green bubbles = value increased.

So the bubbles clearly show us that this week has not been a good one. Except for Immutable X, the token of a layer 2 solution for Ethereum blockchain.

We might turn this into a weekly thing. Are there any other tokens that you'd like to see in the bubble graph?

SELECTED MEME OF THE DAY

BITE-SIZED NEWS

• Uniswap Users to Purchase Crypto with Bank Transfers, Credit or Debit Cards. Decentralized meets traditional.
• Waves Founder Sasha Ivanov Considers Launching a New Stablecoin. New stablecoins in town?
• Core Scientific Reportedly Filed for Chapter 11 Bankruptcy. Another BTC mining firm bites the dust.