The Fast Meets the Furious
Porsche Hits the Brakes. KRO Drained. And Doodles are Tweeting Again.
👋🏽 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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🎙 Before you dive in, today is the last day to mint the open edition OPJ NFT! Holders will be able to redeem for a bottle of Overpriced Jin in March and get exclusive first access to live + virtual events, which you can read more about here. Our first event will be in Miami, where Carly will live interview Doodles CEO, Julian Holguin.
🏁 The Fast Meets the Furious
Porsche launched their 7,500 NFT collection on Monday Jan 23rd, after initially announcing the project at Art Basel 2022
Minted for .911 ETH (a reference to the Porsche 911 but in hindsight reads more like a ready-made-pun about needing to call the cops on a mediocre mint) - the collection closed when it was clear it wouldn’t mint out and was resoundingly ridiculed
On the flip side, Porsche put out a utility thread to further explain their roadmap and the floor is holding steady at a healthy ~2 ETH
Most interesting: this eagle-eye observer noticed a “return policy” in the Porsche T&Cs, seemingly driven by EU e-commerce laws. Could this be a requirement for all projects servicing European buyers in the future?
🌈 Doodles are Back, with Mixed Reactions
After a prolonged hiatus, Doodles came in hot on NFT Twitter with all the news
They’re buying animation studio Golden Wolf to build narrative content around Doodles characters; develop brand collabs, series + video games; and incubate IP
FUD grew in response to a separate announcement that OG holders will not be allowlisted for Doodles 2, which will launch on beginner-friendly chain Flow, not Ethereum
Pranksy, who’s got big bags of both Doodles and Top Shot (also on Flow) wrote an eloquent thread on how the move is a boon for web3 adoption
Doodles is obviously intending to be a brand for the masses and tension is brewing as the team attempts to ‘break out of the web3 bubble’ while balancing OG holders’ desires for max gains
😞 KRO Phished
This one hurts - PROOF’s Kevin Rose got rekt when his wallet was drained after being phished into signing a malicious tx offchain in a socially engineered attack
A peek in the vault reveals the loss of millions in NFTs, including 2 dozen Chromie Squiggles and an Autoglyph, the first on-chain generative art on eth
A reminder to us all as we preach self-custody, that we’ve gotta stay on our game, (no really, go safeguard your bags) and that we’re a long way off from mass adoption
OPJ joins the web3 community in expressing sympathy and support for you, KRO
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Robinhood is launching a mobile wallet to swap, transfer, and view NFTS & crypto (currently rolling out to over 1 mil waitlisted users)
1 in 3 US Congress members received money from SBF
Most donated it to charity; 38% said they’re still holding money awaiting word on how to return it; 37% are the ones who will decide US regulation on crypto
SEC issued 30 crypto-related enforcement actions last year, a 50% increase over 2021 according to its SEC Cryptocurrency Enforcement 2022 Update
US Patent and Trademark office is hosting the second in a series of 3 virtual roundtables looking at IP and NFTs
Amazon’s push into web3 is coming soon, rumored announcement coming in April
Nike’s .SWOOSH studio for virtual co-creation officially launched this week
Nifty Gateway co-founders Duncan & Griffin Cock Foster announce departure from Gemini
MoonPay buys web3 agency Nightshift to build one-stop shop for brands looking to jump into web
Yves Saint Laurent files NFT & Metaverse trademarks
Floor acquires WGMI.io in bid to be the go-to app for NFT collectors
Loreal’s NYX brand is launching a DAO called GORJS (pronounced gorgeous), along with NFTs called the FKWME Pass
PROOF announced details for Proof of Conference and Art Blocks dropped dates for its third annual event in Marfa
Rug Radio hires Loxley to co-CEO with Farokh, leading biz dev and strategy
Inventor of the GIF, Chris “PRguitarman” joined the burn OE meta with Nyan Balloon
OpenSea’s in beta on a version allowing real-time updates on collection pages (see live info for: pending txs, sales, price changes, new listings)
Beeple Studio announces grand opening on March 11 in Charleston, SC. Open call for artist submissions is ongoing
Adult Swim ended its association with Art Gobblers’ Justin Roiland who co-created of Rick and Morty
Oh, and … Gabe Leydon is
a Top Tier engagement farmerhiring a ghost writer
Last Wednesday: King of Podcasting, Tim Ferriss, joined OPJ to talk about what he’s learned since launching @cockpunch, the best use cases for web3, how to arm yourself for the AI future, and Tim’s current daily routine.
We’ve partnered with Liquid Collections founder Kit Codik to launch our very own Overpriced Jin. Carly and Kit sample the goods while spilling details on the mint (which ends today 😉), the gin (which is delectable), and our upcoming IRL Happy Hour Tour (which you won’t wanna miss).
Our fave recurring guest, Zeneca 33, helps recap another wild week in web3. Catch up on The Memes, Reddit community points, and Nat Geo’s slow motion train wreck here.
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