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Getting Started with
Cryptos, NFTs & Web 3.0
for Absolute Beginners
CYPRUS
Workshop by Hess Adnani
Hess Adnani
Chapter Director
Startup Grind Cyprus
Twitter: @HessAdnani
Instagram: @hess4n
What are we learning today?
● Fundamentals of the Blockchain Technology and Decentralization
● What is Web 3.0 and how is it different from Web 1.0 and 2.0?
● What are Cryptocurrencies?
● What is a Digital Wallet? How to setup a digital wallet?
● What is a Cryptocurrency Exchange? How to buy Cryptos?
● What are NFTs? What makes NFTs successful?
● NFT Marketplaces and how to buy an NFT?
● Safety and security when it comes to Crypto
● Crypto investment mindset, opportunities, and communities
There is a GIVEAWAY at the
end of this workshop!
Scan This & Participate
Slido.com
#SGCY
600+ Chapters spread across
125+ countries
Our Reach Our Values
We believe in making friends, not contacts. We believe in giving,
not taking. We believe in helping others before helping yourself.
We are truly passionate about helping founders, entrepreneurs,
and startups succeed. We intent to make their startup journey
less lonely, more connected, and more memorable.
Help others Give first Make friends
Before yourself Don’t take Not contacts
Our Sponsors
Plan, Monetize, & Scale Your Business Online
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Fine NFT Jewelry Rings Collections
https://metarings.io
Our Partners
CYPRUS
LET’S DO THIS!
Fundamentals of the
Blockchain Technology
and Decentralization
CYPRUS
Blockchain Technology
● Blockchain - A digital collection of
information about transactions (Ledger)
● Block + Chain = Blocks that are chained
(connected) together
● Block: Collection of data.
● Chain: The blocks interact with each
other and correct each other
● Unchangeable data shared with everyone
● [Example by volunteers]
How does Blockchain work?
Blockchain Terminology
● Block: A collection of data
● Node: Computers witnessing and
verifying transactions
● Proof of Work/Stake/Etc.: The rewards the
nodes get for verifying the transactions
● Network: Different blockchains (Bitcoin,
Ethereum, Avalanche, Polygon, etc.)
● Public Ledger: All blocks of data are
shared with everyone on the network
Decentralization
● Since everyone has access to the same
ledger and no one person or institution
controls it, the blockchain is
Decentralized
● On the blockchain, anyone on the
network can add to the ledger
● You can’t add a transaction to the bank’s
ledger or perform transactions without
its approval because it’s Centralized
Decentralization Examples
● A fully functional financial system without the banks (DeFi)
● Land, property and housing management without the land registry
● Crowdfunding without KickStarter/GoFundMe
● Universal ID cards without the governments
● Medical records and permissions without the health institutions
● Social media channels without Facebook and Instagram
Scan This & Participate
Slido.com
#SGCY
What is Web 3.0 and
How is it Different from
Web 1.0 and 2.0?
CYPRUS
Web 1.0
● First stage of the WWW revolution
● From 1991 to 2004
● Read-only
● Used by consumers of content created
by content creators
Web 2.0
● Second stage of the WWW revolution
● From 2004 until now
● Read and write
● People could share their opinions,
thoughts, and experiences
● Centralized & platform-controlled
● Issues: Data privacy, data ownership,
censorships, data loss, data integrity,
etc.
Web 3.0
● 3rd stage of the WWW revolution
● From now until …
● Read, write, own, and execute
● Decentralized and secure internet
● Exchange of data without the need for
middlemen or big tech companies
● Using blockchain & nodes
● Double-edged sword: Freedom of
speech vs. anyone publishing anything
Web 2.0 to 3.0 Transition
How do you feel about the
Web 3.0 transition?
Slido.com
#SGCY
What Are
Cryptocurrencies?
CYPRUS
Cryptocurrencies
● Decentralized digital money on blockchain given as rewards
● Decentralized: No central entity controlling it
● Digital: Cryptocurrency only exists on computers. There are
no notes
● Peer-to-Peer (P2P): Passed from person to person online
● Pseudonymous: No personal information is required to own
and use cryptocurrency
● Encrypted: Only accessed by a special code (Hash) and it’s
nearly impossible to hack
How to Get Crypto
● There are 3 ways to get Crypto:
1. Get it as rewards of proof of work (PoW) or
proof of stake (PoS) or etc. in the Blockchain
networks. (Mining/Staking/Etc.)
2. Receive it from another digital wallet
3. Buy and receive it from a Cryptocurrency
Exchange using your Fiat money
● You will need a Digital Wallet to hold your
Cryptocurrencies and tokens
Popular Cryptocurrencies
● You can check almost all Cryptocurrencies from https://coinmarketcap.com
1. Bitcoin: digital gold
2. Ethereum: digital petrol
3. USDT & USDC: stablecoins
Crypto Terminology
● Gas: transaction fee you pay on a blockchain network
● Coin: A native cryptocurrency of a blockchain
● Token: A cryptocurrency that does not have its own
blockchain. Instead it operates on another blockchain.
● Stablecoin: A cryptocurrency whose price is 1 to 1 to a
fiat currency. It is pegged to a “stable” reserve asset
● Smart Contract: An algorithm on a blockchain
designed to execute a certain transaction based on a
set of pre-established parameters.
What Cryptos have you
heard of except Bitcoin and
Ethereum?
Slido.com
#SGCY
What is a Digital Wallet?
How to Setup a Digital
Wallet?
CYPRUS
Crypto Digital Wallet?
● A Crypto digital wallet stores your Crypto private keys
● It keeps your crypto safe and accessible
● It allows you to send, receive, and spend cryptocurrencies
● Private key (Hash): Ownership proof of your digital money
● Within each blockchain network, you will have a different key
● There are 3 types of wallets:
○ Paper wallet: Your private key on a piece of paper
○ Hardware wallet: Your private key stored on a USB
○ 3rd Party wallet: Your private key stored on trusted apps
3rd Party Wallet
● The most popular crypto digital wallet is called
MetaMask
● Website: https://metamask.io/
● Available both on your Internet Browser and as a
Mobile App
● You should never share your Private Key and Seed
Phrase with anyone. It’s only for your own eyes.
● You can share your wallet address publicly to
send, receive or execute things on the blockchain
DEMO: Let’s Setup Your
Digital Wallet and Show You
How to Use It
Do you now have a crypto
digital wallet?
Slido.com
#SGCY
What is a Cryptocurrency
Exchange? How to buy
Cryptos?
CYPRUS
Cryptocurrency Exchange
● They allow buying Cryptos with fiat money
● They allow selling Cryptos to fiat money
● They also allow exchanging one Crypto for
another
● They are your gateways from fiat currencies
to cryptocurrencies
● You will also receive a crypto digital wallet at
your exchange
Popular Exchanges
Binance
https://binance.com
Coinbase
https://coinbase.com
Crypto.com
https://crypto.com
DEMO: Let’s Create an
Account with Coinbase
Are you going to buy Crypto
within the next 48 hours?
Slido.com
#SGCY
What are NFTs? What
Makes NFTs Successful?
CYPRUS
What are NFTs?
● NFT stands for Non-Fungible Tokens
● Fungible: replaceable with something that is of
equal value. €10 note is fungible as it can easily
be replaced with two €5 notes
● Non-Fungible: unique and non-exchangeable. It
has to be one of its kind. Monalisa is non-fungible
because no painting can replace it
● Token: A cryptocurrency that operates on another
blockchain
What are NFTs?
● NFT is a token that holds meaningful metadata
that is one of its kind. (Image, video, music, etc.)
● The ownership of an NFT is verifiable via the
blockchain ledger by a crypto digital wallet
● NFTs have become collectible digital assets that
hold value, just like how physical art holds value
● The most popular blockchain network for NFTs is
Ethereum but Polygon, Solana and other
networks are gaining in popularity
Example Use Cases of NFTs
● Art pieces and collections
● Concert and event tickets
● In-game digital assets
● Fashion and wearables
● Virtual land in Metaverses
● Digital identity card
● Membership cards
● Real-world assets
Makes NFTs Successful?
● Underlying value: The value behind the creator & the piece
● Potential Value: Future value prediction
● Utility: What benefits does owning the NFT has?
● Buyers Perception: What is the NFT worth to the buyer?
● Similar Market Value: What is the value of similar NFTs?
● Ownership History: Who owned the NFT before?
● Scarcity: How many NFTs are left within the collection?
● Community: How big is the supporting community?
NFT Terminology
● Minting: The creation process of an NFT
● Airdrop: New NFT/Crypto is automatically sent to your
wallet for free
● Flip: Buying and selling quickly to make a quick profit
● Floor price: the lowest price you can buy an NFT in a
collection
● Royalty: commission to the creator each time an NFT is traded
● Whitelist: a special list that gains early access to an NFT drop
before the general public
Popular NFT Marketplaces
OpenSea
https://opensea.com
Rarible
https://rarible.com/
Magic Eden
https://magiceden.io/
DEMO: How to buy an NFT
in a marketplace
What NFT collections have
you heard of so far?
Slido.com
#SGCY
Safety and Security
When It Comes to Crypto
CYPRUS
Keep Yourself Safe
● Never share your Private Key or Seed Phrase with anyone
and don’t store them on your computer or phone
● Use strong passwords
● Always enable 2-factor authentication
● Be aware of Giveaway Scams
● Be aware of Phishing Scams
● Avoid mobile digital wallets
● Create a separate digital wallet for long-term investments
● Only use trusted exchanges and DEX
Advanced Security
● If you own more than €5,000 worth of assets
then you need to secure yourself further
● Invest in a Hardware Wallet like Ledger Nano X
● Use a VPN when you’re moving your assets
● Use a separate laptop dedicated to your crypto
and NFT investment
● Don’t show off your assets
And the most important
point: DO YOU OWN
RESEARCH (DYOR)
Are you going to do your own
research before investing?
Slido.com
#SGCY
Crypto Investment
Mindset, Opportunities,
and Communities
CYPRUS
Crypto Investment Mindset
● Never invest in the “Get Rich Quick” projects
● HODL: Hold On for Dear Life →Make long-term investments
● Invest in Crypto projects that you understand and like
● Always check the team behind the Crypto projects
● Always check Twitter by searching the project’s coin/token’s
symbol starting with a dollar sign: $BTC, $ETH, $AVAX, etc.
● Check https://coinmarketcap.com
● Read the project’s whitepapers and tokenomics
● Ask Crypto professionals for advice
Crypto Opportunities
● Twitter is the place to be for Crypto and finding opportunities
● Get onto Crypto and NFT projects’ whitelists to buy assets at
a discount before public sales
● Find trustable communities to find opportunities
● Always do your own research DYOR
● Use the top 100 Crypto projects for low risk investment and
the top 200 and 300 projects for riskier investments but
higher rewards
● Act and think like an investor. Protect your principal
Crypto Communities
● Download Discord both on your Desktop and Smartphone
● https://discord.com
● Very similar to Slack
● Almost all Crypto and NFT projects have Discord
channels where you can interact with their communities
and get important announcements
● Follow your interested project on Twitter
● Also follow your interested NFT projects on Instagram
DEMO: Let’s go through a
sample Discord channel
What will our Decentralized
future look like?
● Government-Influenced Fiat Currencies → Independant Crypto Coins
● Securities, Stocks, Share, Bonds, Assets, etc. → Crypto Tokens
● Banking, Loans, Credit, etc. → Decentralized Finance DeFi
● Legal Entities & Companies → Decentralized Autonomous Organizations (DAOs)
● Title deeds, ID cards, Memberships, Tickets, etc. → NFTs
● Centralized Wealth → Decentralized and Distributed Wealth
● Authorities Dependancies → Independant Individual Empowerment
Did you know…
● On average, only 3.9% of the world’s population own at
least one cryptocurrency!
● 14% of Americans own Crypto right now
● More than 70% of Americans don’t know what an NFT is
● Around 28.6 million wallets are trading NFTs as of 2021
● That’s 0.35% of the world’s population owning NFTs!
● So we are early! Lots of opportunities to be explored!
What interests you the most
in the Crypto world?
Slido.com
#SGCY
GIVEAWAY!
CYPRUS
NFT Jewelry Rings for the
Metaverse & Real-Life
Designed by our artist who got endorsed by Kendall
Jenner, Naomi Campbell, Lupita Nyong'o, Sean O’Pry
and collaborated with major brands like Dolce and
Gabbana, Mary Katrantzou, etc.
https://metarings.io
Whitelist Access for the
MetaRings NFTs!
Email the code “SG#12” to
hessan.adnani@startupgrind.com
DM the “SG#12” to my Instgram @hess4n

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Getting Started with Cryptos, NFTs & Web 3.0

  • 1. Getting Started with Cryptos, NFTs & Web 3.0 for Absolute Beginners CYPRUS Workshop by Hess Adnani
  • 2. Hess Adnani Chapter Director Startup Grind Cyprus Twitter: @HessAdnani Instagram: @hess4n
  • 3. What are we learning today? ● Fundamentals of the Blockchain Technology and Decentralization ● What is Web 3.0 and how is it different from Web 1.0 and 2.0? ● What are Cryptocurrencies? ● What is a Digital Wallet? How to setup a digital wallet? ● What is a Cryptocurrency Exchange? How to buy Cryptos? ● What are NFTs? What makes NFTs successful? ● NFT Marketplaces and how to buy an NFT? ● Safety and security when it comes to Crypto ● Crypto investment mindset, opportunities, and communities
  • 4. There is a GIVEAWAY at the end of this workshop!
  • 5. Scan This & Participate Slido.com #SGCY
  • 6. 600+ Chapters spread across 125+ countries Our Reach Our Values We believe in making friends, not contacts. We believe in giving, not taking. We believe in helping others before helping yourself. We are truly passionate about helping founders, entrepreneurs, and startups succeed. We intent to make their startup journey less lonely, more connected, and more memorable. Help others Give first Make friends Before yourself Don’t take Not contacts
  • 7. Our Sponsors Plan, Monetize, & Scale Your Business Online https://sorxmedia.com Fine NFT Jewelry Rings Collections https://metarings.io Our Partners CYPRUS
  • 9. Fundamentals of the Blockchain Technology and Decentralization CYPRUS
  • 10. Blockchain Technology ● Blockchain - A digital collection of information about transactions (Ledger) ● Block + Chain = Blocks that are chained (connected) together ● Block: Collection of data. ● Chain: The blocks interact with each other and correct each other ● Unchangeable data shared with everyone ● [Example by volunteers]
  • 12. Blockchain Terminology ● Block: A collection of data ● Node: Computers witnessing and verifying transactions ● Proof of Work/Stake/Etc.: The rewards the nodes get for verifying the transactions ● Network: Different blockchains (Bitcoin, Ethereum, Avalanche, Polygon, etc.) ● Public Ledger: All blocks of data are shared with everyone on the network
  • 13. Decentralization ● Since everyone has access to the same ledger and no one person or institution controls it, the blockchain is Decentralized ● On the blockchain, anyone on the network can add to the ledger ● You can’t add a transaction to the bank’s ledger or perform transactions without its approval because it’s Centralized
  • 14. Decentralization Examples ● A fully functional financial system without the banks (DeFi) ● Land, property and housing management without the land registry ● Crowdfunding without KickStarter/GoFundMe ● Universal ID cards without the governments ● Medical records and permissions without the health institutions ● Social media channels without Facebook and Instagram
  • 15. Scan This & Participate Slido.com #SGCY
  • 16. What is Web 3.0 and How is it Different from Web 1.0 and 2.0? CYPRUS
  • 17. Web 1.0 ● First stage of the WWW revolution ● From 1991 to 2004 ● Read-only ● Used by consumers of content created by content creators
  • 18. Web 2.0 ● Second stage of the WWW revolution ● From 2004 until now ● Read and write ● People could share their opinions, thoughts, and experiences ● Centralized & platform-controlled ● Issues: Data privacy, data ownership, censorships, data loss, data integrity, etc.
  • 19. Web 3.0 ● 3rd stage of the WWW revolution ● From now until … ● Read, write, own, and execute ● Decentralized and secure internet ● Exchange of data without the need for middlemen or big tech companies ● Using blockchain & nodes ● Double-edged sword: Freedom of speech vs. anyone publishing anything
  • 20. Web 2.0 to 3.0 Transition
  • 21. How do you feel about the Web 3.0 transition? Slido.com #SGCY
  • 23. Cryptocurrencies ● Decentralized digital money on blockchain given as rewards ● Decentralized: No central entity controlling it ● Digital: Cryptocurrency only exists on computers. There are no notes ● Peer-to-Peer (P2P): Passed from person to person online ● Pseudonymous: No personal information is required to own and use cryptocurrency ● Encrypted: Only accessed by a special code (Hash) and it’s nearly impossible to hack
  • 24. How to Get Crypto ● There are 3 ways to get Crypto: 1. Get it as rewards of proof of work (PoW) or proof of stake (PoS) or etc. in the Blockchain networks. (Mining/Staking/Etc.) 2. Receive it from another digital wallet 3. Buy and receive it from a Cryptocurrency Exchange using your Fiat money ● You will need a Digital Wallet to hold your Cryptocurrencies and tokens
  • 25. Popular Cryptocurrencies ● You can check almost all Cryptocurrencies from https://coinmarketcap.com 1. Bitcoin: digital gold 2. Ethereum: digital petrol 3. USDT & USDC: stablecoins
  • 26. Crypto Terminology ● Gas: transaction fee you pay on a blockchain network ● Coin: A native cryptocurrency of a blockchain ● Token: A cryptocurrency that does not have its own blockchain. Instead it operates on another blockchain. ● Stablecoin: A cryptocurrency whose price is 1 to 1 to a fiat currency. It is pegged to a “stable” reserve asset ● Smart Contract: An algorithm on a blockchain designed to execute a certain transaction based on a set of pre-established parameters.
  • 27. What Cryptos have you heard of except Bitcoin and Ethereum? Slido.com #SGCY
  • 28. What is a Digital Wallet? How to Setup a Digital Wallet? CYPRUS
  • 29. Crypto Digital Wallet? ● A Crypto digital wallet stores your Crypto private keys ● It keeps your crypto safe and accessible ● It allows you to send, receive, and spend cryptocurrencies ● Private key (Hash): Ownership proof of your digital money ● Within each blockchain network, you will have a different key ● There are 3 types of wallets: ○ Paper wallet: Your private key on a piece of paper ○ Hardware wallet: Your private key stored on a USB ○ 3rd Party wallet: Your private key stored on trusted apps
  • 30. 3rd Party Wallet ● The most popular crypto digital wallet is called MetaMask ● Website: https://metamask.io/ ● Available both on your Internet Browser and as a Mobile App ● You should never share your Private Key and Seed Phrase with anyone. It’s only for your own eyes. ● You can share your wallet address publicly to send, receive or execute things on the blockchain
  • 31. DEMO: Let’s Setup Your Digital Wallet and Show You How to Use It
  • 32. Do you now have a crypto digital wallet? Slido.com #SGCY
  • 33. What is a Cryptocurrency Exchange? How to buy Cryptos? CYPRUS
  • 34. Cryptocurrency Exchange ● They allow buying Cryptos with fiat money ● They allow selling Cryptos to fiat money ● They also allow exchanging one Crypto for another ● They are your gateways from fiat currencies to cryptocurrencies ● You will also receive a crypto digital wallet at your exchange
  • 36. DEMO: Let’s Create an Account with Coinbase
  • 37. Are you going to buy Crypto within the next 48 hours? Slido.com #SGCY
  • 38. What are NFTs? What Makes NFTs Successful? CYPRUS
  • 39. What are NFTs? ● NFT stands for Non-Fungible Tokens ● Fungible: replaceable with something that is of equal value. €10 note is fungible as it can easily be replaced with two €5 notes ● Non-Fungible: unique and non-exchangeable. It has to be one of its kind. Monalisa is non-fungible because no painting can replace it ● Token: A cryptocurrency that operates on another blockchain
  • 40. What are NFTs? ● NFT is a token that holds meaningful metadata that is one of its kind. (Image, video, music, etc.) ● The ownership of an NFT is verifiable via the blockchain ledger by a crypto digital wallet ● NFTs have become collectible digital assets that hold value, just like how physical art holds value ● The most popular blockchain network for NFTs is Ethereum but Polygon, Solana and other networks are gaining in popularity
  • 41. Example Use Cases of NFTs ● Art pieces and collections ● Concert and event tickets ● In-game digital assets ● Fashion and wearables ● Virtual land in Metaverses ● Digital identity card ● Membership cards ● Real-world assets
  • 42. Makes NFTs Successful? ● Underlying value: The value behind the creator & the piece ● Potential Value: Future value prediction ● Utility: What benefits does owning the NFT has? ● Buyers Perception: What is the NFT worth to the buyer? ● Similar Market Value: What is the value of similar NFTs? ● Ownership History: Who owned the NFT before? ● Scarcity: How many NFTs are left within the collection? ● Community: How big is the supporting community?
  • 43. NFT Terminology ● Minting: The creation process of an NFT ● Airdrop: New NFT/Crypto is automatically sent to your wallet for free ● Flip: Buying and selling quickly to make a quick profit ● Floor price: the lowest price you can buy an NFT in a collection ● Royalty: commission to the creator each time an NFT is traded ● Whitelist: a special list that gains early access to an NFT drop before the general public
  • 45. DEMO: How to buy an NFT in a marketplace
  • 46. What NFT collections have you heard of so far? Slido.com #SGCY
  • 47. Safety and Security When It Comes to Crypto CYPRUS
  • 48. Keep Yourself Safe ● Never share your Private Key or Seed Phrase with anyone and don’t store them on your computer or phone ● Use strong passwords ● Always enable 2-factor authentication ● Be aware of Giveaway Scams ● Be aware of Phishing Scams ● Avoid mobile digital wallets ● Create a separate digital wallet for long-term investments ● Only use trusted exchanges and DEX
  • 49. Advanced Security ● If you own more than €5,000 worth of assets then you need to secure yourself further ● Invest in a Hardware Wallet like Ledger Nano X ● Use a VPN when you’re moving your assets ● Use a separate laptop dedicated to your crypto and NFT investment ● Don’t show off your assets
  • 50. And the most important point: DO YOU OWN RESEARCH (DYOR)
  • 51. Are you going to do your own research before investing? Slido.com #SGCY
  • 53. Crypto Investment Mindset ● Never invest in the “Get Rich Quick” projects ● HODL: Hold On for Dear Life →Make long-term investments ● Invest in Crypto projects that you understand and like ● Always check the team behind the Crypto projects ● Always check Twitter by searching the project’s coin/token’s symbol starting with a dollar sign: $BTC, $ETH, $AVAX, etc. ● Check https://coinmarketcap.com ● Read the project’s whitepapers and tokenomics ● Ask Crypto professionals for advice
  • 54. Crypto Opportunities ● Twitter is the place to be for Crypto and finding opportunities ● Get onto Crypto and NFT projects’ whitelists to buy assets at a discount before public sales ● Find trustable communities to find opportunities ● Always do your own research DYOR ● Use the top 100 Crypto projects for low risk investment and the top 200 and 300 projects for riskier investments but higher rewards ● Act and think like an investor. Protect your principal
  • 55. Crypto Communities ● Download Discord both on your Desktop and Smartphone ● https://discord.com ● Very similar to Slack ● Almost all Crypto and NFT projects have Discord channels where you can interact with their communities and get important announcements ● Follow your interested project on Twitter ● Also follow your interested NFT projects on Instagram
  • 56. DEMO: Let’s go through a sample Discord channel
  • 57. What will our Decentralized future look like? ● Government-Influenced Fiat Currencies → Independant Crypto Coins ● Securities, Stocks, Share, Bonds, Assets, etc. → Crypto Tokens ● Banking, Loans, Credit, etc. → Decentralized Finance DeFi ● Legal Entities & Companies → Decentralized Autonomous Organizations (DAOs) ● Title deeds, ID cards, Memberships, Tickets, etc. → NFTs ● Centralized Wealth → Decentralized and Distributed Wealth ● Authorities Dependancies → Independant Individual Empowerment
  • 58. Did you know… ● On average, only 3.9% of the world’s population own at least one cryptocurrency! ● 14% of Americans own Crypto right now ● More than 70% of Americans don’t know what an NFT is ● Around 28.6 million wallets are trading NFTs as of 2021 ● That’s 0.35% of the world’s population owning NFTs! ● So we are early! Lots of opportunities to be explored!
  • 59. What interests you the most in the Crypto world? Slido.com #SGCY
  • 61. NFT Jewelry Rings for the Metaverse & Real-Life Designed by our artist who got endorsed by Kendall Jenner, Naomi Campbell, Lupita Nyong'o, Sean O’Pry and collaborated with major brands like Dolce and Gabbana, Mary Katrantzou, etc. https://metarings.io
  • 62. Whitelist Access for the MetaRings NFTs! Email the code “SG#12” to hessan.adnani@startupgrind.com DM the “SG#12” to my Instgram @hess4n