Bankless Enhances Web3 Push With New 2.0 Launch

Bankless 2.0, launched Friday, comes with a host of new Web3 features for “citizens,” as they call their subscribers and DAO members, including podcast collectibles and a POAP mint

article-image

Bankless founder Ryan Sean Adams | Photo by Mike Lawrence

share

Crypto education and media platform Bankless is going crypto native with its move off of Substack and onto its new website: Bankless 2.0. 

“We love Substack, but it was time to get more control over our future and double down on Web3,” Bankless founder Ryan Sean Adams said. “We’re planning to really push the boundaries on what Web3 media can do when it’s enabled by a clear mission and a motivated community.” 

Bankless 2.0, launched Friday, comes with a host of new Web3 features for citizens, including podcast collectibles and a POAP mint in the application, a tool Adams said creators do not fully exploit. 

POAP “allows fans to collect on-chain memories for key events, like an album release, a concert or a big product launch,” Adams said, adding “We used to manually email NFT claim links to our fans, but now they can claim Bankless POAPs in one click. We think superfan digital collectibles will be table stakes for creators ranging from Lex Friedman to Taylor Swift in a few years.”

Members can also now pay for subscriptions using crypto, thanks to Bankless’ partnership with Coinbase Commerce, the exchange’s payments platform for merchants. 

Bankless 2.0 has other Web3 features launching in the coming weeks, including citizen profiles with on-chain engagement and collectibles and an option to sign in with Ethereum for a more secure, crypto-native approach.

The new site launch comes shortly after news that Adams and Bankless co-owner David Hoffman are launching a $35 million crypto venture fund, the company confirmed with Blockworks. The fund will be a separate entity from the media company.

It’s not the team’s first foray into Web3, as the Bankless’ co-founders separately launched a DAO — complete with its own governance token, BANK — in May 2021, and part of the initial supply of BANK was airdropped to premium Substack newsletter subscribers.

The DAO has a treasury containing cryptoassets worth about $1.4 million, mostly in BANK and ETH. 

BANK itself reached a market cap of $15.6 million in April 2022, but that has fallen to about $4.6 million as of Friday at 12:00 Noon ET.

Disclosure: Bankless is a co-host of Blockworks’ Permissionless conference, a separate business line from editorial.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

allora-image.png

Research

Decentralized AI coordination networks solve crypto's growing architectural mismatch: applications built on trustless infrastructure shouldn't depend on centralized intelligence providers. By turning model outputs into competitive marketplaces, protocols like Allora are building the permissionless intelligence layer that AI-powered DeFi and autonomous agents require.

article-image

For new growth, crypto may need to shed tired norms like over-raising and the hoarding of investment resources

article-image

Ethereum rolls out Fusaka, setting the stage for a stronger blob fee market and renewed deflationary potential

article-image

Futuristic DeFi is stuck inside the computer. An old idea might be its escape hatch

article-image

Money market indicators are flashing liquidity stress again as crypto underperforms equities

article-image

From passageways to penumbras: a history of private life

article-image

BTC’s Asia-session move and Ethena’s weaker yields reflect a market adjusting to tighter yen funding and softer derivatives carry