⠀

⠀

Hey Waivly Crew! 🌊 A proposal to launch a new Terra blockchain has passed with a wide margin of 65.5% votes in favour. Andreessen Horowitz has launched a new $4.5B fund to invest in crypto and Web3 companies.

⠀

Want more from us at Waivly? Join Waivly+, the premium Waivly membership with exclusive content, resources, giveaways, events, and so much more, all blended together into one super low-cost and quick to join subscription 🎉 Head over to our website and hit “Subscribe” to get onboard!

Terra community passes proposal to launch Terra 2.0 blockchain

Terraform Labs has announced it will launch the Terra 2.0 blockchain on Friday, May 27th, in an attempt to revive the Terra ecosystem.

⠀

In an official announcement, the organization stated Terra 2.0 will be a “brand new blockchain…starting from genesis block 0 that will not share history with Terra Classic.”

⠀

The proposal posted by Terra founder Do Kwon shared a plan to launch a new layer-1 Terra blockchain without its algorithmic stablecoin, TerraUSD (UST). The old blockchain will be called Terra Classic (LUNC), and the new blockchain will be called Terra (LUNA).

⠀

According to data from Terra Station, 65.5% of the Terra community, or around 200 million, voted in favour of the plan, while 21%, or 54 million, abstained, and about 13%, or 41 million, voted no.

⠀

Now that the revival plan is moving forward, TerraLabs will airdrop new LUNA tokens to community members who held LUNA or UST amid the ecosystem’s collapse. The tokens will be distributed over two years:

⠀

• 30% to its community pool.

• 35% to pre-attack LUNA holders.

• 10% to pre-attack UST holders.

• 10% to post-attack LUNA holders.

• 15% to post-attack UST holders.

⠀

All wallets connected to Terraform Labs and the Luna Foundation Guard will not be included in the airdrop whitelist.

⠀

“The removal of these wallets from the airdrop whitelist will make Terra a fully community-owned chain. We believe this is an important step to empowering our ecosystem,” Terra wrote.

⠀

Over the past 24 hours, Binance, Huobi, Bitfinex, Bitrue, HitBTC, FTX, Crypto.com and other major crypto exchanges have announced their plans to welcome Terra’s LUNA 2.0 and support the new blockchain. 

Andreessen Horowitz announces $4.5B crypto fund

Silicon Valley-based venture capital firm Andreessen Horowitz (a16z) has raised $4.5 billion for a new cryptocurrency fund.

⠀

Of the $4.5 billion raised for “Crypto Fund 4”, $1.5 billion will be used for seed investments, while the remaining $3 billion will be dedicated to venture investments. This brings a16z’s total Web3 funds raised to over $7.6B.

⠀

“We think we are now entering the golden era of web3. Programmable blockchains are sufficiently advanced, and a diverse range of apps have reached tens of millions of users,” a16z partner Chris Dixon wrote in a post.

⠀

“More importantly, a massive wave of world-class talent has entered Web3 over the last year. They are brilliant and passionate and want to build a better internet,” he added.

⠀

According to Dixon, a16z is specifically “excited” about developments in Web3 games DeFi, decentralized social media, self-sovereign identity, layer 1 and layer 2 infrastructure, bridges, DAOs & governance, NFT communities, privacy, creator monetization, regenerative finance, new applications of ZK proofs, decentralized content & story creation, and many other areas. 

The Waves

🦉 Scammer steals 29 Moonbirds NFTs valued around $1.5M

🏈 NFL partners with Mythical Games to launch blockchain game

👀 JP Morgan is bullish on crypto

👑 DraftKings CEO talks accepting crypto payments

Hustle Special

5 Hope quotes to lift your spirits

In life, hope allows us to see the possibility of a better future, and with that brings the motivation needed to make it a reality. Here are five quotes to get you through a tough time or just for a little inspiration.

⠀

“Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.” - Albert Einstein

⠀

“Hope has a cost. Hope is not comfortable or easy. Hope requires personal risk. It is not about the right attitude. Hope is not about peace of mind. Hope is action. Hope is doing something.” - Chris Hedges

⠀

“Never give up. Expect only the best from life and take action to get it.” - Catherine Pulsifer

⠀

“Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great.” - Mark Twain

⠀

“Hope begins in the dark, the stubborn hope that if you just show up and try to do the right thing, the dawn will come. You wait and watch and work: you don’t give up.” – Anne Lamott

Own and secure your crypto with Ledger

If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.

⠀

Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.

⠀

The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.

Share The Wave

That wraps up today's newsletter. Thank you for reading through, and we hope you liked today's content. Know someone else who would enjoy this newsletter just as much as you do? Send them to our website, and get them onboard the Waivly Crew and involved in The Wave. Get more from us on Twitter, Instagram, and LinkedIn.

⠀

Want more from us at Waivly? Join Waivly+, the premium Waivly membership with exclusive content, resources, giveaways, events, and so much more, all blended together into one super low-cost and quick to join subscription 🎉 Head over to our website and hit “Subscribe” to get onboard!

⠀

*Waivly+ is a premium Waivly membership. Join at anytime by clicking “Subscribe” on the Waivly website, and cancel anytime by heading to your account on Waivly.

*Waivly is an official affiliate of Ledger. See our Ledger Affiliate notice here.