Things to Know This Week
Hello everyone, gm, gm, WELCOME to the first edition of the Overpriced JPEGs newsletter. We’ve been breaking down the new economy within the world of web3, NFTs, and the metaverse on the podcast for almost a year, so we figured it was time to add this handy dandy newsletter for those who prefer to read their news 🤗
🌶 HOT OFF THE PRESS 🌶 Overpriced JPEGs On the Road presents: “What the Media Misses about Blockchain in Puerto Rico.” Carly spent 5 days filming a mini-doc in Puerto Rico, revealing the side of the island that goes beyond crypto bros and tax havens. 🌟 We’re partnering with MetaMask to donate $1 per view (up to $10k) toward hurricane relief efforts in PR, so please show it some love! Who knows, we might just pick some folks who share it for something special down the road 🤭
R Planet’s Geeta Sankappanavar & Ashley Vickers are serial entrepreneurs + environmental investors who’ve literally turned poop into power. They believe the blockchain will create generational wealth by making previously illiquid assets accessible for all.
Based AF’s SuperMassive wants to 1) Build an audience 2) Monetize that audience, and 3) Share the spoils. Come for his metaverse plans; stay for the ASMR.
The Forgotten Runes team crashed Carly + Zeneca’s weekly roundup for a special Halloween Edition. 🎃 Catch up on Reddit Avatars, the hidden costs of NFTs, and everything else you missed here.
💸 Art Gobblers + Influencers
Rick and Morty co-creator Justin Roiland + Paradigm’s Art Gobblers had more volume than all of OS in the 1st hour of trading
NFT Twitter subsequently pounced on influencers for, well, influencing
Farokh, Zeneca, BETTY, K Money + more came w/something to say but andr3w’s been the most vocal, even doxxing himself as a 13-yo AG ‘artist’
LiamDnft says buyers aren’t exit liquidity, they’re ponzi beneficiaries
Read this if you’re still wondering what the heck an Art Gobbler is
🐣 Elon’s Twitter Takeover: Good or Bad for Crypto?
Elon’s sent mixed crypto signals + his tweets often move the markets
Coindesk has some ideas for Elon
Binance is an investor in the deal; a16z + others helping the Chief Twit
He’s proposed digital payments in Twitter before
Twitter rumored to be developing a crypto wallet
⚖️ VC Firm Petitions CFTC to Create New DAO Rules
Haun Ventures petitioned for clarity on whether participation in a DAO = legal liability for the DAO’s actions
New rules are an alternate path to setting legal precedent
Petitition resulted from CFTC’s prior notice to Ooki DAO via a help chat box
“If I throw a subpoena in the middle of Union Square and people are talking about it, it doesn’t mean the actual party got served.” - Justin Slaughter, Policy Dir. at Paradigm
📄 Bloomberg dedicated an entire issue to Crypto
A whole 40,000 words. Its only the 2nd time that’s happened in its 93-year old history
💳 Visa follows Amex + NYSE into the metaverse
Visa files for metaverse, NFT, and crypto wallet trademarks
Follows previous patent filing to replace cash with crypto
MetaIntro wants to scrap PDF resumes with its on-chain resume wallet. Do we smell a friendly kangaroo brawl brewing? 🦘
Blockchain detective ZachXBT semi-doxxed one of the industry’s biggest scammers
Someone took out a 260E Loan on 80 Doodles at 15% APR
Truth Labs’ AJT’s Twitter was hacked + he’s offering reimbursements
Aku takes another step closer to the metaverse with Aku Cribs
On-chain sleuth + Blur skeptic OxQuit says Nike + RTFKT prob should have hired someone to audit their contract
Moonbirds FP hit 8 ETH and ppl have thoughts on thoughts on thoughts about it
Fvckrender launched lvcidia, an artistic universe built in Unreal Engine
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