Hello and welcome! 👋

Welcome to the latest edition of the “Web3 Simplified” newsletter from Fox and Happy Blocks, where we’ll explore this cutting-edge technology's latest business use cases.

In this edition, we dive into tokenized shares, explain what they are, and highlight the benefits your company can witness from adopting them.

Before we get started, we have an exciting announcement to share — the second cohort of our “Web3 Simplified” course kicked off earlier this week! We’re very excited about the Web3 journey our participants are embarking on and look forward to providing them with the skills and knowledge they need for success in this space. Stay tuned for more updates!

Happy reading!

👾 Weekly Web3 Business Case: tokenized shares for businesses

If this is your first time hearing about tokenized shares, no worries! Tokenization is the process of converting real-world assets, like shares, into digital tokens on a blockchain. Think of it as turning your favorite real-world snack into a digital version - you still enjoy it physically, but you can also always view and access the image online. In the same way, tokenization turns real-world assets, like shares, into digital tokens on a blockchain.

Example: Aktionariat is a Web3 company that provides Swiss companies with digital tools to create a market for their shares on their websites. Companies can tokenize their shares and offer them directly to investors on a decentralized exchange. This means buying and selling shares is quicker, easier, and more transparent than ever. We’ll share more information in our latest Blockstrail Podcast episode with Aktionariat Founder Nicola Plain. Subscribe via Spotify and YouTube to be notified when it’s up.

So, why should companies and businesses consider tokenizing their shares? Read about the benefits below.

1️⃣ Increased liquidity: Tokenization enables fractional ownership, which means that investors can purchase small amounts of shares previously out of reach. This increases the number of potential investors and, therefore, the liquidity of the shares.

2️⃣ Cost efficiency: Tokenization can lower the costs associated with traditional stock ownership, such as stock exchange fees and intermediary fees. It also reduces costs of compliance and regulatory reporting requirements.

3️⃣ Increased transparency: Tokenization creates a transparent and immutable record of ownership, which helps reduce fraud and increase trust among investors.

4️⃣ Quicker settlement times: Tokenization enables transactions to be processed in real-time on the blockchain. This can reduce the settlement period from days to minutes.

5️⃣ Global accessibility: Tokenization enables investors to invest in shares, regardless of their location or the location of the company. This increases access to investment opportunities and helps to democratize finance.

Tokenizing shares is an exciting and innovative way for companies to create a more accessible, efficient, and transparent market for their shares. With the help of companies like Aktionariat, we can expect to see more companies embrace this new technology.

Interested to learn more? Don't hesitate to book a call with us to learn how you can get started with tokenization.

🚨 Web3 Myth Buster: my seed phrase is safe in my password manager!

Misconceptions are common in the Web3 world, especially among newbies. While you may think storing your seed phrase in a password manager is more convenient, it is not a safe choice!

A seed phrase is a set of words that generate your private keys, which you need to access your crypto wallet. Keeping your seed phrase safe is essential because if someone else gains access to it, they can steal your funds. 🤯

While password managers store login credentials and sensitive information, they're not designed to store seed phrases. Password managers store data in a centralized location, making them vulnerable to hacking attempts. If someone compromises your password manager account, they'll have access to everything, including your seed phrase.

So, finding a safer way to store your seed phrase is crucial.

5 ways to store your seed phrase safely

1️⃣ Write it down on paper: This may seem old-fashioned, but it's one of the safest ways to store your seed phrase. Keep the paper in a secure location, such as a safe or a safety deposit box.

2️⃣ Use a Crypto Steel Capsule: A Crypto Steel Capsule is a durable and fireproof container that allows you to store your seed phrase offline. It's made of high-grade stainless steel and is considered a highly secure and long-term storage solution that protects you from digital and physical threats.

3️⃣ Use a Billfodl: A Billfodl is a compact and durable device that stores your seed phrase offline. It's made of high-quality materials and comes with a set of letter tiles that you can use to engrave your seed phrase, making it highly secure and tamper-proof.

4️⃣ Use a hardware wallet: A hardware wallet is a device that stores your private keys offline, making it difficult for someone to steal your seed phrase. It's one of the safest ways to store your seed phrase.

5️⃣ Use a passphrase: A passphrase is an additional layer of security, a series of words you can add to your seed phrase, making it difficult for someone to guess or brute force it.

Remember, keeping your seed phrase safe and secure is the most important thing. Choose a storage method that works best for you and keep it in a secure location only you can access. By taking these precautions, you can protect your Web3 assets and enjoy the benefits of blockchain technology without worrying about security threats.

🎤 Check out the latest BlocksTrail podcast episode!

Join Fox and Happy Blocks Co-Founder Ursula Volpe and Aktionariat Founder Nicola Plain for our fourth and latest episode on company share tokenization. We’ll share the links soon - subscribe via Spotify or YouTube to be notified!

We look forward to sharing more episodes with you in our upcoming newsletters.

🤝 Fox and Happy Blocks partners with the Swiss NFT Association

We’re excited to announce our partnership with our friends at the Swiss NFT Association, a team that brings NFT and Metaverse communities together in the heart of Europe’s crypto valley. Learn more and follow them on Twitter, Instagram, and LinkedIn. We look forward to attending their future events — stay tuned for more updates coming from this partnership!

✈️Meet Fox and Happy Blocks in Berlin

Both founders Ursula Volpe and Sui Fröhlich are in Berlin this week to attend events. Sui’s NFT project, Visiblr, is launching its first officially minted NFTs tonight at 6 pm CET at the Bright Moments Gallery Berlin. Ursula is attending w3.fund’s w3.pizza event this evening from 6-10:30 pm CET at the new w3.hub space in Berlin (apply to join here). We hope to see you at these events!

😈 This week’s Web3 Meme

Don’t worry, we won't forget to make you laugh! Enjoy!

Best Regards,

Dr. Su-Zeong Fröhlich and Ursula Volpe
Co-founders of Fox and Happy Blocks

PS: Do you know someone new to Web3? Please share this newsletter and help them learn more! Rewards and surprises for referrers may be coming soon. 😉 

Disclaimer: The content of this newsletter does not serve as financial advice. This newsletter is strictly educational and does not serve as investment advice, solicitations to buy or sell assets, or guidance to make financial decisions. Please be careful and always DYOR (do your own research).