- Digital Asset Investor
- 💌 Letter Operators
💌 Letter Operators
This week I discuss newsletter operators as a service, Unstoppable Domains selling .sats, and why I'm betting on Solana Pay
Hey there 👋,
In this week’s newsletter, I discuss:
Newsletter operators as a service
Unstoppable Domains selling .sats
PayPal launching its stablecoin, but I’m betting on Solana Pay
Richard Patey - @richardpatey
For an asset class that requires active management to emerge, you need to have operators.
I first helped this happen with website investing back in 2019, and I’m doing it again with newsletters:
I was first to run a website operator service back in 2019, and am now launching a matchmaking service for newsletters.
If you're a brand looking to launch a media arm, or an investor looking to acquire a newsletter and in need of an operator check out
— patey.eth (@RichardPatey)
Jul 30, 2023
I think I’ve tapped into something since launching Letter Operators; this screenshot is the first day of inbound interest from newsletter owners looking to outsource to an experienced operator:
Having run newsletter businesses for a few years, I have a good rolodex of operators, including those I’ve hired myself. Indeed, I’ve already matched someone who has launched a newsletter for a SaaS company.
But I’ve also been actively reaching out to every experienced operator and newsletter agency I know, including paid acquisition ones such as Grow Letter by Matt McGarry as it’s not just the content side that people need taken care of.
Talking of which, Matt has just got into a fued with Shaan Puri over statements he made on the latest My First Million Podcast. You can find the main threads in this post on X and a result of this is that people are discovering that newsletter agencies are a thing!:
@ShaanVP I didn’t newsletter marketing agencies were a thing until this thread.. so that’s a win for the marketing guy I guess?
— nnanna (@nnanna)
Aug 8, 2023
Adam Ryan, CEO of Workweek, the creator focussed digital media company, breaks down the details of the deal, which includes Penn getting 50% of any future liquidity event which is likely why Dave states he is never going to sell!:
The Barstool deal is the talk of Twitter.
The company was sold for $500M to Penn in 2020.
Three years later, Portnoy acquired 100% of the brand back for $0.
But that's not the whole truth. Here's what really happened 👇
— Adam Ryan 🤝 (@AdamRy_n)
Aug 8, 2023
Now, Unstoppable Domains has just announced that you will be able to buy .sats domains on their website, with co-founder Brad Kam posting that they are a now a one stop shop:
Really excited about what's happening on #ordinals. Being a one stop shop means supporting the top naming systems on the top blockchains. .Sats on Bitcoin 💪
— Brad Kam (@findporpoise)
Aug 7, 2023
As you may imagine, some people within the HNS community are not happy with this development. However as .sats/ have been selling on registrars such as Namecheap for a long time before Ordinals was a thing, Unstoppable now selling them discredits the argument for trying to trademark TLDs by being first to market, as hey.tx/ posts:
@satsnames Meanwhile, this puts the nail in the coffin for Unstoppable Domains frivolous lawsuit against the #HNS community for .wallet.
.sats on @HNS was listed on Namecheap, which is the 2nd largest domain registrar in the world, before ordinals' .sats even existed. etc.)
— hey.tx/ 👋🤠 (@Hey__tx)
Aug 7, 2023
PayPal has announced the launch of its own U.S. dollar-pegged stablecoin, PayPal USD, based on the Ethereum blockchain, allowing users to transfer, pay, and convert between PayPal and supported external digital wallets:
Today, we’re unveiling a new stablecoin, PayPal USD (PYUSD). It’s designed for payments and is backed by highly liquid and secure assets. Starting today and rolling out in the next few weeks, you’ll be able to buy, sell, hold and transfer PYUSD. Learn more paypal.com/pyusd
— PayPal (@PayPal)
Aug 7, 2023
It’s backed by dollar deposits, US treasuries, and cash equivalents to maintain a stable $1 USD value. What’s cool is that you can check out with crypto and it will sell your PayPal USD to make payment.
I recently watched a super interesting video from last year’s Solana Breakpoint Conference as I’ll be attending this year’s conference in Amsterdam. It’s with Sheraz Shere, Head of Payments at Solana Labs, on stage with the Stripe crypto payments team:
And in this one minute video, Sheraz shows how an NFT can act as a loyalty token (offering discounts at stores) using the best crypto wallet in web3 Phantom, and a Solana Pay QR code:
Interested in reaching 5K+ subscribers with your message?
(Or know of a brand who could be a good fit?)
Disclaimer: Nothing in this email is financial advice and I am not a professional investment adviser. I send weekly updates on digital asset news and what I'm doing personally - consider it informational and for entertainment purposes only.