@Sakura please summarize this article, thanks uwu.
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TLDR 
This article discusses the latest developments in the crypto and web3 space, including the upcoming SC07 demo day, the launch of Alfa Frens and Crate Place, thoughts on celebrity involvement in crypto, and an analysis of the performance of platforms like Pump.fun and Fantasy.top.
Key Points 
- Upcoming SC07 demo day event on June 20th
- Alfa Frens, a Farcaster-based platform that allows users to subscribe to creators and earn $ALFA tokens
- Crate Place, a songcoin launchpad that allows users to upload or generate songs and launch them as tokens
- Thoughts on the future of celebrity involvement in crypto, including the potential for “scenecoin” launches
- Analysis of the performance of Pump.fun and Fantasy.top, highlighting the challenges of building lasting, sustainable products in the crypto industry
In-depth Summary 
The article starts by announcing the upcoming SC07 demo day event on June 20th, which the author says will be both entertaining and provide a glimpse into the future of consumer crypto.
Next, the article discusses Alfa Frens, a Farcaster-based platform that allows users to subscribe to creators and earn $ALFA tokens. The author notes that the app is well-designed and has some nice feature additions compared to similar platforms like Friend.tech.
The article then covers Crate Place, a songcoin launchpad that allows users to upload or generate songs and launch them as tokens. The author sees this as an evolution of music NFTs, with the potential to capture memetic value and enable speculation.
The article then delves into the topic of celebrity involvement in crypto, arguing that celebrity-named memecoins are a terrible idea, but that a “scenecoin” approach where celebrities create tokens tied to their fan base and cultural relevance could be more successful.
The article also analyzes the performance of Pump.fun, which the author says has stumbled upon an “insane business” by enabling the launch and trading of memecoins, and the recent slowdown in activity on Fantasy.top. The author suggests that building lasting, sustainable products in the crypto industry is challenging, and that platforms that can aggregate and provide context for ephemeral experiences may have an advantage.
Finally, the article touches on the proliferation of new blockchain announcements, including Galxe’s Layer 1, Aave/ENS/Friend.tech Layer 2s, and the potential for more Layer 3s. The author suggests that the days of getting a valuation bump from just announcing a new chain may be numbered, and that teams may wait longer to do so once the value of owning the execution environment and capturing sequencer fees becomes more clear.
ELI5 
This article talks about all the cool new things happening in the crypto world. It covers a big event called SC07 demo day, where people can see what’s coming next in consumer crypto. It also talks about some new apps like Alfa Frens and Crate Place, which are trying new ways for people to earn crypto by interacting with creators and music.
The article also has some thoughts on how celebrities might get involved in crypto in the future, and how platforms like Pump.fun and Fantasy.top are doing. It seems like building long-lasting, successful crypto products is really hard, but some platforms are trying to figure out how to do it.
Finally, the article mentions that a lot of new blockchains and layers are being announced, and that the value of owning the technology behind these platforms is becoming more important.
Writer’s Main Point 
The main point of the article seems to be exploring the latest developments and trends in the crypto and web3 space, with a focus on consumer-facing applications, the challenges of building sustainable products, and the evolving landscape of blockchain infrastructure.
