🥛 A new crypto phone is coming, you buying?

And over $750M was invested in web3 companies this week, see who got the money June 24, 2022 | [Read Online]( GM. This is the Milk Road. The crypto newsletter you love. And guess what? We love you too. It’s Friday, let’s dive in: - Solana is building a new phone - Shopify drops some new crypto features - Funding Friday - Meme of the day SOLANA IS RELEASING A NEW CRYPTO PHONE Solana is building an Android phone with crypto functionality built-in. They’re calling it Saga. Ambitious project, but weird name. And that’s coming from a guy who named his company The Milk Road. Anywho.. what’s the big idea? - Crypto today isn’t very mobile friendly - But if you want the world to use something, it needs to be mobile first Here are some of the key features and why it matters: - SolanaPay - wanna pay for stuff using crypto? The phone will let you scan & pay (like Apple Pay, but using crypto) - Decentralized App store - the App Store will have no fees. (typically, google play and apple take ~30% of all revenue) - Seed vault - this stores all your private keys securely on your phone. Your phone = your wallet - Solana Mobile Stack (SMS) - a software development kit to help developers build dApps. They’re also giving out $10m as a way to incentivize the devs By the end of his presentation, Anatoly Yakovenko (founder of Solana) was looking like the modern-day Steve Jobs. All that was missing was the black turtleneck. The phone is scheduled to be released in early 2023. It’ll cost $1,000 and can be pre-ordered with a $100 deposit. The Milk Road’s Take: Love the ambition - but we’re skeptical of big flashy announcements like this. Remember the Facebook phone? Remember the Amazon phone? Every company wants to have its own phone, but it’s a lot harder than it sounds. Also - Solana’s blockchain is notorious for its downtime. I can already see the “Can you hear me now?” commercials. SHOPIFY INTRODUCES NEW CRYPTO FEATURES Shopify is huge. Over $175B in sales happened in Shopify stores last year. And they just dropped some new crypto features. Here’s what they’re releasing: 1/ Token gated stores: basically, you can make a store that requires an NFT to enter. Holders will get access to exclusive merch and events. 2/ NFT minting: Shopify brands can mint custom NFTs to list and sell right from their stores. They can use blockchains like Ethereum, Polygon, Solana, and Flow to create their NFTs. Alright, Shopify, we see you. FUNDING FRIDAY Each Friday, we give you a rundown of Web3 companies that got funded. This week we saw $750M+ get invested into crypto companies. Here’s who got the money: [Magic Eden]( got $130m for their NFT marketplace on Solana, now valued over $1B. The founder also [tweeted out a great story]( of how he started the business while sleeping in a van after his first crypto company failed. [Vibe Bio]( got $12m to build a DAO that funds & develops treatments for rare diseases. [Terrible Pets]( got $4m to build NFTs that create memes & viral content. The creators behind the show "Silicon Valley" are behind this one. [Neol]( got $5.2m to develop a web3-enabled learning & talent platform. It’s like On Deck but for Web3. [Endstate]( got $5.5m to help shoe brands create NFTs that come with a physical pair. [EcoWatt]( got $110m to create tokenized carbon credits. If you wanna check out the full database of companies that have raised money in 2022, we got 'em for you [right here](. TODAY'S MILK ROAD IS BROUGHT TO YOU BY DELTA.APP Wanna track your crypto portfolio like we track ours? It's no secret that keeping track of things in crypto is hard. That's why we use [Delta.App]( to track everything happening with the Milk Road public wallet (ETH, LUNA, and a Punk right now)...even when it's in the red. Delta.App's tracking app lets us manage and track our live performance, all in one place and makes it so we don't need 10 different spreadsheets anymore. [You can try it right now and never lose track of your portfolio again!]( MEME OF THE DAY [Twitter profile image for Degentraland] Degentraland@Degentraland [Twitter Logo] NFT NYC is just like college: 50,000 broke degenerates drinking their problems away and pretending to learn. Jun 23, 2022 1.39K Likes 113 Retweets 102 Replies 😂😂😂 STAT OF THE DAY [Twitter profile image for NiftyTable] NiftyTable@Nifty_Table [Twitter Logo] Wormhole exploit - $320M Ronin exploit - $600M Horizon exploit - $100M We've crossed $1B in 2022 bridge hacks and we're only halfway through the year. Jun 23, 2022 43 Likes 10 Retweets 2 Replies Another day, another big hack. This time Horizon got got for $100M+... We’ve now had three 9-figure hacks this year. Over $1b gone. Ouch. WHAT YOU MIGHT'VE MISSED THIS WEEK Check out what you missed below: Monday: [WOW! What happened to crypto prices over the weekend?]( Tuesday: [Introducing the NEW Milk Road]( Wednesday: [Have no fear, SBF is here]( Thursday: [Facebook’s coming for NFTs]( That's all for today folks, see ya next week! Cheers to the weekend. [Ben "2% Milk" Levy]( & [Diego "All-Organic Milk" Salinas]( Review from the Road... What'd you think of today's email? - [🥛🥛🥛🥛🥛 F**king great]( - [🥛🥛🥛 Meh, do better]( - [🥛 You didn't bring the heat]( Share Milk Road You currently have 0 referrals, only 1 away from receiving An Inside Look At What The Crypto Whales Are Betting On. [Click to Share]( Or copy and paste this link to others: Share Milk Road You currently have 0 referrals, only 1 away from receiving An Inside Look At What The Crypto Whales Are Betting On. [Click to Share]( Or copy and paste this link to others: [ DISCLAIMER: None of this is financial advice. 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