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A Warmer Winter in the Metaverse

jpegs.banklesshq.com

A Warmer Winter in the Metaverse

Macy's & Mattel go all in. El Salvador buys the Dip.

Jacy L. Youn
Nov 23, 2022
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A Warmer Winter in the Metaverse

jpegs.banklesshq.com

👋🏽 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. 


How’d I get this email? If you’re getting this email, it means you were previously subscribed to the Bankless sub-newsletter, Overpriced JPEGs – the leading source on NFTs, web3, and the creator economy. If you do not want to receive further emails from Overpriced JPEGs, head to the bottom of this newsletter and hit “unsubscribe.” You can unsubscribe at any time - we won’t be mad, just disappointed 😉


🧨 Crypto Contagion … Or is it? 

  • Twitter flooded with fears of ‘Crypto Contagion,’ but how contagious is it really?

  • FTX fallout continues to panic crypto markets and Genesis just hired a bankruptcy advisor 😬😬

  • It turns out US Prosecutors investigated FTX for several months before its collapse + Senators are urging regulators to look into SoFi’s crypto trading

  • SBF doesn’t know how “off the record” works - make sure you avoid his mistakes

    Twitter avatar for @Salmander0
    Salmander 🦎 $85 @Salmander0
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    7:04 PM ∙ Nov 11, 2022
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If you’re new here, we welcome you to join 147,328 bright + avid readers by subscribing here:

🦃 Mainstream Brands: What Crypto Winter?

  • Macy’s holding a Thanksgiving Day Parade in the Metaverse; Issuing Balloon NFTs

  • Adidas launches wearables for its virtual avatars; continues collabs w/BAYC, Gmoney, and Punks Comics; hiring for major web3 role

  • Mattel launching custom marketplace on Flow (has partnerships w/Cryptoys & Boss Beauties already)

  • Pudgy Penguins on Kellogg’s cereal boxes; Lei Azuki on an F1 racing car

  • Bugatti introduces BAYC luggage (props if you had that on your 2022 bingo card)

    Reminder for your Uncle this Thanksgiving: big brands continue to pile in the space. And his Google stock still down worse than your Ape 😉
Bored Ape Floor Price (above) vs. Google Stock Price (below)

💣 The Latest on Royalties

  • X2y2 says “code is law”; joins OpenSea and Blur in enforcing creator royalties

  • Bobby Hundreds pivots after OS royalty announcement; releases Badam Bomb Squad independently via hypermint

  • Magic Eden - still holding at 0 royalties - integrates Polygon to grow blockchain gaming segment

🐂 We’re Still Bullish

  • El Salvador doubles down, buying 1 BTC/day despite declining balance sheet + lack of crypto interest 

  • Cathie Woods buys the dip; Ark scoops GBTC + COIN

  • 22-yo Creature World founder makes compelling argument to lawmakers why most NFTs are like a pair of rare Supremes

🦈 He’s Still Bearish, but He’ll Take Your $$

  • JPMorgan registers a crypto wallet trademark; CEO Jamie Dimon still hates crypto

  • William Shatner is the blockchain evangelist we didn’t know we needed

  • Brycent teased Illuvium Overworld footage; Cryptowalkers’ previewed play & earn adventure game on Unreal Engine. Both are pretty 🤯

  • Long-awaited 3D Invisible Friends by Nguyen Nhut starts minting Nov. 23

  • Harry + Meghan building aptly named ‘Meg-averse’ on pax.world

  • Mark Cuban explains decision to unfollow tons of crypto accounts

  • Tim Ferris enlists Kevin Rose for charitable NFT project C0CKPUNCH

  • Coachella lifetime passes locked up on FTX; festival tix remain a compelling use case for NFTs (paging: Rolling Loud)

  • Coinbase and Space+ launched ‘Starborn’ NFTs. One lucky holder will win a NASA trip + ZeroG training

  • Drake showed off his wallet and it has serious drip

  • Bankless kicks off ‘collectibles’; tokenizes SBF interview + gives profits to charity

🍸 We’re celebrating the 1 year anniversary of Overpriced JPEGs in style by launching our own gin brand - Overpriced Jin. Get the low-down on the OPJ x Amber Vittoria x Liquid Collections collab and get yourself a bottle. Bullish on spirit-backed collectibles.

Twitter avatar for @carlypreilly
Carly Reilly @carlypreilly
ANNOUNCEMENT: Nov 12 was the 1 year anniversary of @overpricedjpegs. To celebrate, I wanted to do something a little different so... Introducing: Overpriced Jin🌟: the finest gin eth can buy 🙃 Here’s a 🧵 on why we’re doing this & how to get a bottle (RT to win one for free)
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3:42 AM ∙ Nov 22, 2022
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🎙 Today’s pod features social experimenter + anon king Frank DeGods. He had lots to say about growth marketing, building on Solana, and beginning with the Tweet in mind. Seems like Frank had fun too.

🎨 Bueno’s Pablo Stanley is building the “Canva for virtual world building.” Here are the tools he’s launching to democratize web3 creations.


This newsletter is brought to you by Tech’s Legion of Doom. But if you’d like to sponsor us, reach out here.

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@jason @Jason
Tech’s Legion of Doom
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7:19 PM ∙ Nov 20, 2022
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A Warmer Winter in the Metaverse

jpegs.banklesshq.com
1 Comment
mark n troiano
Nov 23, 2022

Maybe you should read and learn something. Restructuring isn't bankruptcy. your lack of knowledge is not encouraging

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