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Welcome back to the BW3 newsletter! A smooth read for your Basel Friday or Saturday morning 🤣 

Here’s the line up today:

• Weekly Web3 Recap 📍 

• Simplifying Onchain Payments with Eco 🎧

• Meme City 🌇 

BUT FIRST, check this out 👇️ 

DeFi: Shaping the Future of Finance

Explore how DeFi Technologies Inc. (CAD: DEFI & US: DEFTF) bridges traditional finance and the $3T digital asset market. With innovative strategies and global expansion, DeFi is redefining the investment landscape. Gain exposure to Bitcoin, Web3, and beyond with regulated, secure solutions.

Read The Report

WEEKLY WEB3 RECAP 📍 

1. Nike Closes RTFKT 👟
Nike has officially shut down its Web3 initiative, RTFKT, signaling a potential shift in their blockchain strategy. While the closure surprised many, it might pave the way for more focused efforts in the evolving digital collectibles space.

2. Virtual AI Agents Hit $2B 💻
The market cap for virtual AI agents has surpassed $2 billion, underscoring their growing relevance within the Web3 ecosystem. From customer service bots to trading assistants, AI is proving to be a key growth sector.

3. XRP Hits $150B 💸
XRP has surged past a $150 billion market cap, solidifying its position as a top cryptocurrency. With this milestone, XRP has overtaken Solana and strengthened its foothold in the crypto rankings.

4. Bitcoin Breaks $100K 🏆
Bitcoin has crossed the $100,000 mark for the first time in history—a landmark achievement that cements its position as the leading cryptocurrency. Is this just the beginning of another bull run?

SIMPLIFYING ONCHAIN PAYMENTS WITH ECO 🎧

Featuring a sneak peek from our Building Web3 Podcast with Eco Co-founder Ryne.

What is Eco?
Eco aims to make onchain payments as seamless as swiping a credit card—without the fees and inefficiencies of traditional systems. Their focus? Simplifying stablecoin transactions and cross-chain liquidity to onboard the next wave of users.

The Problem Eco is Solving

1. Current Payment System Challenges:

• Hidden intermediaries inflate fees.

• Cross-border payments are slow and cumbersome.

• Fraud and chargebacks add risk and complexity.

2. Crypto’s UX Issues:

• Managing native assets and gas fees is intimidating.

• Bridging funds across chains requires too many steps.

Eco’s Approach

🛠️ Routes and Accounts:

• Routes: Configurable transaction pathways for developers, enabling seamless liquidity movement across chains.

• Accounts: Aggregated balances in stablecoins—no need to worry about gas fees or native tokens. Users see their balance in dollars, and the network handles the rest.

🚦 Intent-Based Transactions:
Eco uses an intent-based paradigm, similar to ordering an Uber. Users define what they want to do (e.g., “send $100 in USDC to Polygon”), and Eco ensures execution—no need to think about bridges or token swaps.

Why It Matters

For Developers:

• Easy integration of cross-chain liquidity without deploying custom contracts.

• Modular design allows developers to pick their preferred validation and messaging protocols.

For Users:

• A one-click checkout experience for crypto.

• No need to juggle gas fees, wallets, or token conversions.

Stablecoin Focus

Eco starts with a few dominant stablecoins (USDC, USDT, etc.) but plans to become agnostic as new entrants emerge in the "stablecoin season." Their vision is to create a liquidity hub where new stablecoins compete for adoption, driving innovation in the space.

The Big Picture

Eco envisions a future where payments are borderless, seamless, and cost-effective. By abstracting the complexities of crypto, they aim to bring onchain finance to the masses—whether you're gaming on a rollup or buying a coffee with stablecoins.

🎙️ Catch the Full Conversation
Dive deeper into Eco’s mission and innovations on this week’s episode of the Building Web3 Podcast with Ryne.

👇️ Listen Here 👇️ 

MEME CITY 🏙️ 

Until Next Time Builders! 🏗️ 

Keep fresh dress and well hydrated 🚰 

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