It's a wide thing. It's a very disparate things to connect is the wartime economies versus the

Ethereum monetary policy. But when I see the juxtaposition of Ethereum securing its global

economic system for $1.4 million over 40 days versus the United States and Russia and Ukraine and

Euro all going head to head over how to secure their own economies and it's costing them

trillions and

trillions of dollars a month or whatever. The juxtaposition here, I think, is insane. It's just

a matter of time before people realize that. Welcome back to The Breakdown with me, NLW. It's a daily

podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

The breakdown is sponsored by nexo.io, Circle, and FtX, and produced and distributed by CoinDesk.

What's going on, guys? It is Monday, October 31st, Halloween.

For many of you, my guest today needs no introduction. David Hoffman is one of the

co-founders and main voices of Bankless. Before we get into that, however, if you are enjoying the

breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive

deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes

or go to bit.ly slash breakdown pod.

Also at disclosure, as always, in addition to them being a sponsor of the show, I also work with

FTX. All right, friends, David Hoffman is one of the co-founders and main voices of Bankless,

which is building a little mini-cryptomedia empire that may not be so many for long.

Bankless focuses primarily, although not

exclusively on Ethereum. And in this conversation, we talk about reflections on the last

bull market, the eth-merge, and the future of NFTs. David, welcome to the breakdown. How

you doing, man? NLW. It's going to be back, my man. Yeah, I'm so glad to have you here.

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