They say there are plenty of fish in the sea, but how many fish are there really? 🐟

Well, we don’t know for sure yet, as there are still ocean depths unplumbed, but there are around 20,000 species of fish and counting. Compare that to the mere 12,000 types of crypto and the uncharted seas of the crypto market seem a lot more tame, don’t they?

Well, what’re you waiting for? Come on in, water’s fine!

Espresso Shots

☕️ Twitter Will Share Ad Revenue 💰%

Elon Musk has announced that Twitter will share ad revenue with users featuring ads on their replies page.

Though, this monetary incentive will only apply to users subscribed to Twitter Blue aka paying $8 a month for a blue check.

The details are still hazy regarding how much of the revenue will actually go to the users, as the tweet above is the closest we currently have to an official statement.

Though users aren’t thrilled, many Twitter brands are excited to advertise in the replies such as Simp Cola, GIF-fy Pop, and Blue Chex.

☕️ Sri Lanka's Hard Pass on Bitcoin 🇱🇰 💵

Sri Lanka was unmoved by billionaire Tim Drapers’ pitch that Bitcoin may solve the country’s financial woes.

Draper visited the country’s central bank and met with the bank’s governor Nandalal Weerasinghe.

Draper attempted to convince him that the transparency of Bitcoin could remedy Sri Lanka’s widespread financial corruption.

“We don’t accept. Adoption of 100% Bitcoin won’t be a Sri Lankan reality ever,” said Weerasinghe. “We don’t want to make the crisis worse by introducing Bitcoin.”

The Governor went on to explain it's necessary for Sri Lanka's monetary independence to have its own currency.

As for the ongoing corruption in the country, looks like it’s just another case of wait and Sri.

☕️ Logan Paul Sued Over CryptoZoo 🦁 ⚖️

Logan Paul has found himself at the center of a class-action lawsuit over his failed CryptoZoo project.

The suit alleges that Paul has conducted a “rug pull” maneuver, in which a crypto seller creates a project with big promises, fails to deliver on any of them, and then makes off with the investors’ money.

“Unbeknownst to the customers, the game did not work or never existed, and Defendants manipulated the digital currency market for Zoo Tokens to their advantage,” the suit states.

Paul is currently allowing unhappy investors to burn their tokens to refund their initial mint and is planning a $1.3 million program to pay back disappointed players.

Sadly, as a result of the litigation, production has completely stalled on the upcoming Matt Damon drama, We Bought a CryptoZoo.

Spilling the Beans

Crypto Loves Big Blue 🌊

The Ocean. It’s blue and it’s big. So big, in fact, that it covers 71 percent of our world.

And, if things keep going the way they are, some day soon that percentage might get a whole lot higher.

Rising sea levels and the resultant flooding are far from fringe possibilities now, making 1995's Water World seem like an actual concern.

So, if we have any hope of cohabitating with the world's oceans instead of succumbing to them, we’re going to have to start treating them a lot nicer.

And the answer to our ailing oceans? Apparently, it may just lie on the blockchain.

Strange, right? Despite the fact that crypto has been under fire for its environmental impact, crypto also has an impressive way of bringing people together.

That's right, today we're talking about DAOs (Decentralized Autonomous Organizations.)

DAOs are communities that organize, raise funds and take collective action, often surrounding a single goal. Membership in DAOs tends to be connected to owning a token.

DAOs are collections of like-minded individuals. Because of that, they don't act like banks, hedge funds, or venture capitalist firms. Namely because they're not tied to big oil.

As part of the growing trend of “regenerative finance,” DAOs can raise money and use it to promote genuine activism and philanthropy.

And quite a few DAOs are thinking about our oceans.

There’s Digital Ocean NFT. A collection that started just a series of 250 turtle NFTs, with the proceeds going to marine protection organizations.

Or the Crypto Coral Collection, another collection of 6565 aquatic NFTs. Proceeds from their sales go to marine and wildlife conservation. The Crypto Coral Collection is also part of an ongoing effort to plant 3000 new coral reefs worldwide.

And the ReSea Project out of Denmark is an organization dedicated to using the blockchain to verify Ocean plastic cleanup.

There are countless more NFT collections, DAOs, and tokens dedicated to the broader mission of cleaning and protecting the world’s oceans.

By participating in the buying and selling of these organizations’ crypto, it’s one of the rare chances that you, as a consumer have, to take collective action and do some good for the world.

So, the next time you’re on OpenSea tracking NFT sales. Consider opening your heart… to the sea.

Meme of the Day

Oh sick, Scarlett Johannson is in this?

Crypto 101

Mint: Minting crypto is the process of creating a new token or tokens on the blockchain. Generally this process is as simple as recording the creation time and unique token ID.

When an NFT is minted it’s essentially published on the blockchain, often for a fee, so that it can be held by a wallet and then later bought or sold.

This process is unrelated to the sweet treats that hotel staff leave on your pillow if you’ve been good.

The Last Sip

Not to be outdone by Logan Paul’s failed CryptoZoo, we’re putting together some crypto-based wildlife projects of our own:

• NF-Sea World: Where pixelated Killer Whales can slowly go insane in tanks that are too small for them.

• The Bored Monkey House: A wilderness refuge where Bored Apes can smoke cigarettes and fling poop to their hearts’ content.

• A Doge-Fighting Ring: It’s exactly what it sounds like.

Stay Caffeinated,

Coffee & Crypto Team

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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.