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$Blur's Valentine's Aidrop. Emin-AI-Em. And NFTs Take the Field.
👋🏽 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.
💰 Bags full of $BLUR
After months of
wash tradingairdrop farming, active traders were finally rewarded with $BLUR stimmies, which they immediately flipped into more JPEGs
The biggest winners were VPN providers as US citizens scrambled for subs upon the surprise discovery they weren’t eligible to claim without a workaround
For their part, creators' ears are perked. Jack Butcher turned Blur bidding back on for Checks and some project teams using Blur earned more in the creator drop than they would’ve earned with royalty enforcement.
🏈 Web3 takes the field at Super Bowl LVII
Reddit users mint over 1.6m Super Bowl LVII avatars showing mass adoption doesn’t have to coincide with liquid assets
Crypto exchanges avoid spending on Super Bowl commercials 🐻
DigiDaigaku’s commercial sent users to mint their Dragon Egg for around 30 seconds while everyone else who scanned the QR code was sent to Gabriel Leydon’s twitter page
NFL adds to their web3 offerings and embraces metaverse as Saweetie performs virtual Super Bowl concert in Roblox
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👩🏽💻 We’re Not Just Flipping JPEGs, We Swear
Emerging tech and NFTs are exploding in the world of entertainment:
Music producer Deputy is selling equity in his royalty rights to a variety of songs, including Rihanna’s ‘Bitch Better Have my Money.’ Napkin math pencils out to +/- $14 a year (so not exactly generational wealth), but with 300 in supply and none listed it’s def a low-key flex
Decision implies that all staked crypto will be automatically unstaked, w/exception of ETH, which will need to wait for Shanghai upgrade
Coinbase CEO Brian Armstrong says staking services aren’t securities & is ready to defend that position in court
Binance stablecoin issuer Paxos ordered to stop minting its centralized dollar-pegged crypto BUSD
More than 60 crypto-related consumer-protection bills have been introduced in 25 states in the aftermath of FTX
All in all, it’s a crypto crackdown, and things are likely to get worse until we get some regulation
🌐 web3 + NFTs
Yuga’s Gordon Goner (Wylie Aronow) wrote an emotional thought piece about his heart condition and the myriad conspiracy theories surrounding BAYC
MoonPay partners with Magic Eden to enable credit card payments on the platform
On the same day, Magic Eden lays off 22 employees from a variety of depts.
Bankless dropped a meaty interview w/ Punk6529
Proof expands Moonbirds backgrounds collection with Ducrece collab for “Proceed w/Caution” holders
Popular discord bot MEE6NFT previously raised 965 ETH through NFTs and subscriptions. Now accused of soft rugging after pausing their roadmap due to crypto winter
Marilyn Monroe’s Estate partners with Zeblocks for Monroe NFTs, dropping on OpenSea in Q1
📈 Brands + Biz
Sony’s latest patent hints at NFTs in the PlayStation ecosystem; patent describes an ‘interconnected system’ that gives users and spectators a chance to rent NFTs depicting artwork and assets from popular PS5 games
Microsoft cut its Metaverse Core Team after only 4 months in operation, remains “committed to the industrial metaverse”
Walmart filed trademarks for Sam’s Club NFTs + Crypto + VR
A 1/1 LeBron James Sorare player card sold for $69,165 (3rd highest in Sorare’s NBA collection) on the heels of Lebron breaking the NBA’s scoring record last week
🤖 AI + Metaverse
Paris Hilton’s launching ‘Parisland,’ a metaverse dating experience, because, of course
Amex and Microsoft collab to develop AI-powered business travel expense reporting
Christian Mastro and Scott Cullather are the driving force behind Lamborghini’s web3 strategy. They say digital scarcity and loyalty programs pair well with luxury sports vehicles as a way of social signaling. Plus, you know, Wen Lambo?!
The First Mint is the community for web3 sports enthusiasts. Founder LG Ducet joins Carly for a special collab episode to break down everything going on in the world of sports, from sports betting to collectibles.
Nick Adler's on the pod for our weekly recap. They’re talking Checks meta, Proof Passes, and Ryan Carson’s true calling. Catch up here.
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