This episode is sponsored by NYDIG.

Download this episode

On this week’s “Long Reads Sunday,” NLW draws from two threads by @punk6529 on Twitter:

See also: ‘Crypto-States’ Will Compete With Corporates in the Metaverse

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Craig Hastings/Moment/Getty Images, modified by CoinDesk.