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Apple's Big Bite of the Web3 Pie
One-click Crypto Buying. Marketplace Moves. And the 30% Innovation Tax.
👋🏽 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.
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🐍 Apple’s Walled Garden of Evil
Coinbase says Apple blocked its latest app update and must disable NFT sales or give 30% of gas fees to Apple
In addition to being… impossible… many feel it’s another greedy move by the monopoly trying to protect its payments empire at all costs
Why is Apple doing this? Some Twitter snarks say the company just doesn’t understand how a blockchain works, but that’s hard to imagine at a company full of engineers. Perhaps this is all to intimidate the crypto world and make it clear their 30% tax isn’t going anywhere… Is it Ignorance or Power-Hunger?
MetaMask co-founder & ex-Apple employee Dan Finlay went off on Twitter & says he’s ready to dump Apple ecosystem
1inch Network’s co-founder says they lost 70% of its features in latest release following 6+ months of negotiation w/Apple
Founding board member of Israeli Blockchain Industry Forum Maya Zehavi pointed out Apple’s hypocrisy in not taxing TradFi payments the same
💎 Bulls Keep on Building
Macro crypto environment is bearish, but long-term believers say there are crypto catalysts on the horizon and some are banking (heavily) on it:
Stripe introduced a new crypto transactions solution that lets customers buy crypto with one click
Businesses can embed the customizable widget for: incoming + outgoing fiat payments, digital wallets, KYC + ID verification, and fraud prevention
Animoca Brands is raising $1-2 Bil for new metaverse-focused fund
Targets mid- to late-stage metaverse startups; offers good entry point to web3 for risk averse investors
If you’re new here, we welcome you to join 146,662 bright + avid readers by subscribing here:
👣 Marketplace Moves
Uniswap launches NFT trading; airdropping $5 Mil to ‘historical’ Genie users
Magic Eden’s “Open Creator Protocol” allows royalty enforcement for new collections that opt in + additional features
OpenSea adds support for Binance NFTs
LooksRare’s latest update reduces incentives for gaming the system
Dapper is beta-testing a self-custody wallet for crypto and NFTs on Flow blockchain
PROOF Collective launches bespoke marketplace that will honor royalties and has zero platform fees
Telegram has plans for non-custodial crypto wallets and a DEX
Sold $50 Mil in usernames via on-chain auction platform, Fragment
NY Dept. of Financial Services threatens innovation by proposing regulations that increase barriers to entry for crypto co’s seeking licenses
SBF won’t STFU
Starbucks Odyssey loyalty program launching for select beta testers this week
Micah Johnson announces Aku x Instagram ‘story-driven NFTs’ collab
Decentral Games celebrated 2-yr anniversary in Decentraland
Toys “R” Us launching Geoffrey the Giraffe collection on Solana
Vayner3 and Crown Royal collab on “pay it forward” initiative
3AC yacht “Much Wow” is seized and up for auction
Punk 6529 airdropped Meme #42, FTXPepe to random collection holders & others
RTFKT announced Cryptokicks iRL, their 1st native web3 sneaker
Aaron McDonald is a big-brained web3 pioneer who says the Metaverse is the collision of our IRL and digital worlds - and guess what - we’re already living there. You know him from Altered State Machine, Non-Fungible Labs, and Fluf World. Settle in as he introduces his newest venture, Futureverse, and why he needed to create a whole new blockchain to build it on. 🤯
Blake Finucane’s back on the pod for an IRL weekly recap straight outta Miami! They’re talking ApeCoin staking, Art Basel undertones, and the legend of c0ckpunch. Catch it all here.
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