Today's edition is brought to you by Nexo - 💸 buy crypto, earn interest, borrow funds, and get a cashback card 💳 Make crypto easy.

GM. This is Milk Road, serving crypto insights hotter than a coffee you forgot on the car roof.

Here’s what we got for you today:

2-FOR-1 SPECIAL: CRYPTO USE CASES 👀

We’ve got a 2-for-1 special for you.

For a limited time, we’re giving you one (free) use case with another (free) use case.

That’s because we want you to know more real-world examples than just “Make Nerds Rich”.

Capiche? Cool. Let’s dive in…

USE CASE #1: RESEARCH FUNDING

There are 3 big problems in the medical industry right now:

You can boil it down to one core issue: big pharmaceutical companies are in charge.

And while the main priority should be developing treatments and cures to help people, the reality is it’s to make money.

In the words of the great Wu-Tang Clan:

🎵 “Cash rules everything around me. (C.R.E.A.M)

Get the money. Dolla dolla bill y’all” 🎵

The solution:

Smaller projects get money and community members get a say in where the money goes. It’s a win-win.

USE CASE #2: TRADEABLE MEMBERSHIPS

Memberships come in all shapes and sizes.

Basic gyms can cost $250/year. While other country clubs can cost $250,000/yr. You get exclusive access to facilities, equipment, services, interesting people, etc.

(btw - for $250K/yr I better have cashmere towels and grapes fed in my mouth)

But no matter what the membership is, they all have the same issue - they aren’t tradeable.

Let’s say you move away from the country club. Suddenly, your membership card is useless. All the fees you paid go down the drain and you’re only left with *distant memories*.

The solution: turn memberships into tradeable assets using NFTs.

Not only do you make some of your money back, but you could also make a profit. (if demand for the membership increases → the price could increase too)

There are a handful of companies that are already trying this out.

Etihad Airways recently released an NFT that gives holders benefits like Etihad Guest Silver Tier Status, priority check-in, lounge access, and the ability to stake their assets to earn miles. Pretty cool stuff.

Well, that’s a wrap for today’s use cases. Til next time my friends.

P.S. - You might’ve just felt a tingling sensation. Don’t worry, that was just you jumping up to the top of the Pyramid of Intellect™.

NEXO: PIONEER SINCE 2018

It’s been a long and cold crypto winter. It’s like when the Milk Man has to spend hours clearing snow before his delivery route.

Well, one friend has remained by our side to brace the endless blizzard. And they’ve brought a shovel, blankets, and hot cocoa.

That’s right. You need a friend like Nexo.

They are no stranger to surviving harsh conditions. Where others have failed, Nexo has ensured uninterrupted access to clients’ funds, and developed a comprehensive suite of services:

Join 6+ million customers worldwide, and experience the benefits of their easy-to-use app, available for iOS and Android.

GET STARTED

Disclaimer: Nexo Earn Product is not available for citizens or residents of certain jurisdictions, including where restrictions may apply, such as the United States, and Canada.

**Currently, only citizens of the European Economic Area (EEA) can order a Nexo Card.

THE TOP 15 NFT TRADERS HAVE MADE $299M IN PROFITS 💰

NFT trading is a lot like playing an arcade game. Everyone wants the #1 score, but there can only be one.

Side note - ya boy held the Pac-Man record at the local Pizza Hut back in ‘03.

But I always wondered who the true #1 in the world was.

Well, the cool thing about the blockchain is it’s an open book - transactions, account balances, profits (and losses) are all public.

Turns out the #1 NFT trader is a pseudonymous whale that goes by SethS.

Realized profits: $101.63M. (Seth needs to legally change his name to $eth)

Here’s what the rest of the leaderboard looks like:

Here are some of the top highlights from the rest of the analysis:

BITE-SIZED COOKIES 🍪

19% of New York residents own crypto, according to a recent report. It’s a NY State of Mind.

Maple Finance is opening up its lending pool to accredited U.S. investors. The pool generates a ~4.7% yield with U.S. Treasury Bills and will be open to investors with an average income of $200,00 per year, or already working in the financial industry.

Microsoft is teaming up with Aptos blockchain. The partnership has been in the work for 5 years and will integrate Microsoft’s Azure OpenAI Service into the layer 1 blockchain.

18 VC firms got named in a lawsuit for aiding and abetting FTX’s fraud. Some of the big names include Temasek, Sequoia Capital, Sino Global, and Softbank.

SpiritSwap will shut down on September 1st. The decentralized exchange on Fantom is ceasing operations after it was affected by the $126M multichain hack in July. **pours milk out for the fallen homie**

MILK ROAD’S PUBLIC WALLET IS LOCKED & LOADED 🤑

Last week we re-introduced and set up the Milk Road public wallet. And now, we’re just a few days away from taking the training wheels off.

It’s the calm before the storm.

The final step? Getting our wallet funded.

We loaded our wallet with $10,000 of stablecoins last week.

We told you we were bringing you along every step of the way, so we created the Milk Road Declassified Guide to Crypto.

The first section: How to fund a wallet. In it, we breakdown:

You can check it out here.

Next up, we have our eyes set on token swapping and staking… 👀

MILKY MEMES 🤣

HIT THE INBOX OF 250K+ CRYPTO INVESTORS

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.