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The Fast Meets the Furious

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The Fast Meets the Furious

Porsche Hits the Brakes. KRO Drained. And Doodles are Tweeting Again.

Jacy L. Youn
Jan 27
20
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The Fast Meets the Furious

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👋🏽 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 😉


🎙 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?

    Twitter avatar for @bryanbrinkman
    Bryan Brinkman @bryanbrinkman
    Legacy brands trying to enter the web3 space
    7:48 PM ∙ Jan 24, 2023
    740Likes69Retweets

🌈 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

    Twitter avatar for @yungcontent
    bloomy btw 🌸 ᴏɴᴄʏʙᴇʀ @yungcontent
    Men will drop 25-tweet threads about Doodles without consulting chatgpt about mental health even once
    8:49 PM ∙ Jan 25, 2023

😞 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

    If you’re new here, we welcome you to join 147,942 bright + avid readers by subscribing here:

  • 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 farmer hiring a ghost writer

    Twitter avatar for @gabrielleydon
    Gabriel Leydon (FREE,OWN) @gabrielleydon
    👨🏼‍💼LIVE JOB INTERVIEW! If you want to be paid to ghost write my tweets for $400k per year salary +benefits (health insurance) I’m going to need you to write my next tweet in the replies 👇🏻
    12:59 AM ∙ Jan 23, 2023
    2,030Likes907Retweets
  • 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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The Fast Meets the Furious

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