WEB3 FRONT-END DEVELOPMENT | TRADING INSIGHTS | HOW TO MAKE MONEY IN CRYPTO IN 2025.' - FUNZI

Blockchain, Web Development, and Trading Insights

Front-End Developer Role and Responsibilities

Funzi explains that front-end developers create user interfaces (UIs) for websites after product designers have created the mockups. The role involves making the website interactive and responsive by writing scripts.

Kokeboi asks for a simpler explanation, and Funzi compares the process to a product designer drawing a website on paper, and the front-end developer coding it into a functional website.

Funzi emphasizes that front-end developers make buttons and other interactive elements work on the website, ensuring a seamless user experience.

Introduction to Blockchain Enthusiast

Kokeboi inquires about Funzi's interest in blockchain, and Funzi explains his enthusiasm since 2011, mentioning the financial freedom blockchain offers.

Funzi believes that only 10% of blockchain's potential has been utilized and predicts that even in the next 100 years, we will only reach 70% of its use cases.

Kokeboi asks about specific use cases, and Funzi explains decentralization, where users have full custody of their accounts, unlike traditional banks.

Funzi highlights the transparency of blockchain transactions, making it difficult to steal money as everything is public and traceable.

Challenges and Benefits of Blockchain

Kokeboi questions why more people aren’t using blockchain, and Funzi attributes it to the fact that only 10% of its benefits are currently being used.

Funzi shares his experience of investing in Bitcoin and other cryptocurrencies, including his first investment in Ripple.

He discusses the impact of government regulations on crypto accounts, leading to frozen bank accounts and financial hardship.

Funzi recounts a personal story of his bank account being frozen due to crypto transactions and how he had to plead with his bank to access his money.

Air Drop Mechanisms and Risks

Kokeboi asks about air drops, and Funzi explains that air drops are tasks given to boost the publicity of a blockchain product.

Funzi mentions that air drops can be used to promote a product's use case and increase visibility on platforms like Twitter and YouTube.

He warns that air drops are often associated with scams and rug pulls, emphasizing the importance of joining serious communities for air drops.

Funzi shares his experience of participating in air drops and the challenges of qualifying for rewards, including the stress and time involved.

Crypto Trading and Hedge Funds

Kokeboi inquires about Funzi's current activities, and Funzi explains that he now trades crypto and runs a limited hedge fund for close friends.

Funzi discusses the legal challenges of running a public hedge fund and the need for proper documentation.

He mentions that he helps friends with trading strategies and has had success in the past.

Funzi emphasizes the importance of having capital to trade and the risks involved in the crypto market.

Web Development and Blockchain Programming

Kokeboi asks about the percentage of Funzi's professional life dedicated to blockchain, and Funzi explains the difference between web2 and web3 projects.

Funzi describes web2 projects as traditional websites, while web3 projects are decentralized applications on the blockchain.

He explains the concept of connecting a wallet to access a web3 application, which is different from logging in with a Google or Facebook account.

Funzi discusses the importance of security in web3 projects and the role of auditing firms in ensuring the safety of user data.

Centralized vs. Decentralized Exchanges

Kokeboi asks about the classification of exchanges like Binance and Bybit, and Funzi explains that they are centralized exchanges.

Funzi mentions that centralized exchanges can freeze accounts and have some control over user funds.

He discusses the risks of using centralized exchanges and the importance of choosing reliable vendors.

Funzi shares his experience of using Binance and Bybit and the challenges of dealing with disputes and frozen accounts.

Investment Strategies and Market Cycles

Kokeboi asks for advice on getting into crypto, and Funzi advises saving money and waiting for the right time to invest.

Funzi explains the concept of a bull run and the importance of holding coins during market cycles.

He shares his experience of investing in Bitcoin and other cryptocurrencies, including the impact of government policies on the market.

Funzi emphasizes the need for patience and caution in the crypto market and the importance of staying informed about market trends and news.

Legal and Regulatory Considerations

Kokeboi asks about the legal aspects of running a hedge fund, and Funzi explains the need for proper documentation and compliance with regulations.

Funzi mentions the challenges of operating in Nigeria and the lack of organized financial news and updates.

He discusses the importance of having a separate email account for crypto transactions to avoid spam and phishing attacks.

Funzi shares his experience of dealing with hacked accounts and the need for strong passwords and security measures.

Final (Not financial) Advice and Future Outlook

Kokeboi asks for final advice on getting into crypto, and Funzi emphasizes the importance of having the right skills and experience.

Funzi mentions the availability of jobs in the blockchain space, including development, graphic design, marketing, and moderation.

He advises saving money and waiting for the right time to invest, highlighting the importance of staying informed and cautious in the market.

Funzi shares his plans for future courses and continuing to acquire new skills in the blockchain space.

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