1) What … Happened This Week?!
1) What … Happened This Week?!
SBF’d. Wagmi-san to the Otherside. And a Web3 World Cup.
👋🏽 Hello everyone, gm gm, WELCOME BACK to another edition of the Overpriced JPEGs newsletter, where we’re catching you up on the world of web3, NFTs, and the metaverse.
If you’re new here, we welcome you to join 147,946 bright + avid readers by subscribing here:
Today’s new ep features artist and founder Pablo Stanley of Bueno and Humankind, who’s all about empowering creatives. Check out the interview here!
Amber Vittoria, Zeneca 33 and the team from OpenSea join OPJ for a jam-packed weekly recap. Tune in here for a spicy convo on creator royalties, artists reactions, and the scoops on Carly’s upcoming airdrop!
Zeneca 33 has been fortunate to build a brand and committed community that's stood the test of time. He gives us a rare sneak peak into the business of Zen Academy, his upcoming PFP project, and some tips on gaming the Twitter algos.
🍂 FTX in Freefall
Michael Lewis does his best Bob Woodward impression; reveals 6 months of access to SBF; shops book deal
NYT landed an interview w/ SBF on Sunday; crypto Twitter and its Chief Twit are not amused w/ the puff piece
Contagion is spreading: Visa nixed cc deal; BlockFi preps for possible bankruptcy; Ikigai hedge fund heavily exposed; Crypto.com mishandled $400m
And that's not all: Alameda was frontrunning tokens for a profit; FTX hacker inadvertently revealed himself after verifying identity w/KYC; and Elon wasn't falling for any of SBF's BS.
🐒 The YugaVerse
Yuga Labs acquires 10KTF creator WENEW; Beeple joins Yuga as advisor
Friends + Fam appear to have gotten the memo on (not) insider trading
Yuga supposedly held 18k+ ETH in an FTX US account and The Nifty had a hot take on their treasury management
Alameda controls a wallet created by Yuga containing 92 BAYC + Otherside NFTs
Yuga donating a Punk to Miami art museum; more to come
⚽️ World Cup Kickoff
FIFA’s got a bunch of web3 games on deck; The First Mint says crypto is just a small part of FIFA’s $7B plan
Adidas’ Ape Indigo Herz makes World Cup commercial appearance alongside Lionel Messi + Karim Benzema
Show your team some love by repping your free Reddit World Cup avatars
Cool Cats + Animoca Brands celebrate the games with Cool Cats FC
Can’t get enough World Cup? Altered State Machine joins the pod next week to chat about their FIFA partnership, AI League.
🐴 Regulators Mount Up
FTX’s implosion brought out all the watch dogs sounding the alarms; highlighting SEC dysfunction; and throwing the baby out with the bath water
Non crypto-natives largely unable to differentiate CeFi + DeFi; Amanda Cassatt, Raoul Paul + Matt Levine are here to help
The FTX collapse was a failure of CeFi, not DeFi – and smart investors, builders and users are already taking notice. I believe that many have learned their lesson this time. To them: Welcome, once again, to the decentralized future. - Amanda Cassatt
Coincidentally (🤨) cohort of global banking giants launch 12-week digital dollar pilot w/NY Fed Reserve
A slew of crypto-minded politicians were re-elected in midterms
🍏 Apple goes Full Circle
Apple Pay is now on Circle; merchants around the globe can now accept $USDC
Apple also hiring to ramp up design + production of its very pricy AR/VR headset
Blur moves to enforce royalties but only on collections that enable listings on blur and block 0 royalty marketplaces
Nike borrows from RTFKT playbook; launches web3 platform + ecosystem dotSwoosh
Sony patent suggests NFT + blockchain implementation in works for PlayStation
Ryan Carson stepped down from VCX advisor role; offers refunds to folks who invested based on his role
Kraken’s marketplace lets users trade NFTs w/o incurring gas fees (+ supports creator royalties)
Gary V shared a sneak peak of the Fly Fish Club being built in NYC
Tim Ferris, Snowfro, and others joined 100 Proof Live from Marfa
Lionel Messi joins Sorare as Investor & Brand Ambassador
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