YouDeserveNothing.eth
Bitcoin Boom. A Penguin Predicament. And the CT Dumpster Fire.
đđ˝ Hello everyone, gm gm, WELCOME BACK to another edition of the Overpriced JPEGs newsletter, where weâre catching you up on the world of web3, NFTs, and the metaverse.
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Each of your fave characters - Luke Skywalker, Princess Leia, and Darth Vader - are available now in five chibi-inspired stylized skin designs reflecting the history of the iconic series. And Cryptoysâ uniquely playful unboxing experience gets the specialty treatment for this collection, featuring Star Wars-inspired digital Holocrons!Â
The force is strong with these limited-edition collectibles, so pick up your surprise packs today for $39.99 using mobile pay or any major credit card and weâll see you on the dark (or light!) side!
Weâre excited and grateful that todayâs Overpriced newsletter is brought to you by Cryptoys!
0ď¸âŁ Send it to Zero
What are we doing here, folks? We headed into a long weekend expecting to return recharged and invigorated, and instead CT devolved into utter chaos
Kevin Rose kicked off the weekend with an open invite to FUD the Birbs in a since deleted tweet, then threw fuel on the fire with what many saw as a tone deaf comment comparing Moonbirds and Apes
Love or hate his takes, KRO endured a 2+ hour impromptu AMA with all of CT breathing down his neck. So cut this man some slack. Itâs not like heâs flexing a Punk PFP while asking degens to buy him a new iPhone.
Weâd love to see the Venn diagram of people screaming derangements at founders from their momâs basement while triumphantly sending $1.2M to an addy that literally says YouGetNothing.eth
Yup, for better or worse (mostly worse), influencers are riding the GoFundMe meta, and it backfired hard this week when several influencers promoted the artwork of Hope Exist, an Asian artist who recently lost an eye in her battle with cancer.
Andrew Wang went so far as to âput his rep on the lineâ in promoting her 10k project Pixel Penguins to his 190k followers âŚ
Only to learn - hours after the project was trending on OpenSea with 215E in volume - that the âartistâ had duped him in a painstaking social engineering con spanning the better part of the last year
Song-A-Day man, take it away
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đĽ Itâs Getting Hot in Herre
Crypto Twitter shenanigans aside, itâs starting to feel like change is in the air. Yes, weâre still in a pretty brutal market with lots of projects hanging on by a thread. But thereâs also heavy tailwinds heading into what could be a hot crypto summer. Hear me out.
For starters, it looks like cryptoâs on the verge of mainstreaming in Asia, particularly China and Hong Kong - countries with a combined population of 1.5+ billion people:Â
Exchanges are lining up for trading licenses as Hong Kong opens its crypto regime to retail traders this week
Crypto leaders CZ, Justin Sun, and Yat Siu are optimistic about Chinaâs web3 support following Beijingâs release of the Web 3.0 Innovation and Development White Paper
NFTs have entered the chat as well: Meebits were recently featured on Chinaâs state-run CCTV, while Cryptopunks debuted on Chinaâs 2nd largest TV station
Big projects are also ramping up with lots on the horizon. This week alone, we got:Â
Doodles going mainstream with Doodles x CAMP, a family-oriented immersive entertainment + retail experiences in major cities across the US
Current partnerships with massive brands, including: Mickey + Friends, Disneyâs Encanto, The Little Mermaid, and Nike Kids Camp
Fewocious announced details for his long-anticipated Fewo PFPs launching in August; Fewo has made a point to highlight the ERC-6551 âbackpack walletsâ for holding digital wearables + accessories
Web3 gaming also appears to be on the cusp of big adoption. Epic Games has more than 20 blockchain games featured in its store and apps like NFL Rivals and STEPN are bridging the gaps for mobile NFT integration
Weâre also looking at some token catalysts, with 9GAGâs Ray Chan confirming the hotly anticipated $MEME launch, and ApeCoin DAO kicking off phase 2 of its nomination cycle, which could mean an infusion of fresh ideas and resources
đĽ Burgeoning Bitcoin
The âBitFiâ ecosystem is (still) having a moment. Some 24k BRC-20 tokens have amassed a combined total market cap of nearly half a billion dollars in less than six months, so weâve rounded up the latest news amidst the Ordinals, meme coin, and token frenzy:Â
Bitcoin Ordinals hit a massive milestone this week, topping 10 million inscriptions and generating $44M in miner feesÂ
Crypto startup Stably created the first dollar-pegged stablecoin issued directly on Bitcoin using Ordinals ProtocolÂ
.sats = ENS domains on Bitcoin. And good news - theyâre cheap + youâre still early. Find out how to snag them here.
The BRC-721E token standard enables bridging of ETH NFTs to Ordinals. Not quite sure why anyone would actually want to do this, but now you know itâs an option.
If youâre looking to get on the Bitcoin Bandwagon (or are simply bored of the antics on ETH) we recommend this handy starter kit, some BTC PEZ, and a whole lot of patience
And donât forget the next Bitcoin halving. The halving itself isnât expected until April 2024, but bullish sentiment for it usually picks up about 9 months prior - aka right on time for the start of crypto summer đ
Brazilâs central bank digital currency pilot program begins mid-June; participants include Visa, Microsoft, and Santander
Former Coinbase employee settles insider trading charges with SEC; agrees to cooperate in future investigations
A dozen crypto startups raised $151M+ this week, led by Worldcoinâs $115M Series C
Worldcoinâs lead was Blockchain capital, which explained the investment here
Current investors, former employees, and industry experts spilled the tea on whatâs next for Gemini and the Winklevoss brothers
A crypto lawyer analyzes whether Ben.ethâs PSYOP token could fall under the crosshairs of US regulators
đ web3 + NFTs
CEO of blockchain analytics firm Nansen cites over-scaling and the brutal crypto market as reasons for a 30% staffing reduction
Reddit Avatars hits 10M holder milestone with a $44.1M market cap and 13.7M total avatars
OpenSea introduces 0xProBot and a Discord channel dedicated to tracking notable sweeps; says more bots are coming
Yuga says allies will be joining Voyagers in the Otherside, including other Yuga PFP collections and a âselect group of third party PFP collectionsâÂ
Binance marketplace launches Peer-to-Pool NFT loan features, beginning w/blue-chip NFTs
Tribute Brand transformed the Chromie Squiggle source code to generate custom sweaters linked to individual Squigs
Founder of the Film Squad media collective promotes blockchain benefits for indie filmmakers
đ Brands + Biz
Decrypt reviewed Axiosâ annual reputation ranking of major brands to reveal how receptive they are to crypto and web3; Chick-Fil-A, Toyota, Pfizer lead the pack
Mercedes-Benz NXT announces its inaugural core collection with gen artist Harm van den Dorpel + art collectors Fingerprints DAO
Warner Bros. teases Superman Web3 Movie Experience
Bacardi Rum introduces custom Snapchat AR lens and Dancing Shoes NFTs, redeemable for physical kicks
Kelloggâs files a dozen trademarks for various brands; plans âonline virtual worldsâ and NFTs
đ¤ AI + Metaverse
A16z released âAI Canon,â a curated list of resources to get smarter about modern AI
VC firm Paradigm rebrands; removes crypto + web3 from home page, broadens scope to include AI tech
NVIDIAâs CEO gave the world a sneak peek at what it might look like when gaming and AI collide, where players can speak to video game charactersÂ
A NY attorney used ChatGPT for legal research; Judge demands explanation after 6 cases cited were found to be bogus judicial decisions
Cirque du Soleil is building an immersive world inside Roblox
AmEx Digital Labs âexperimenting cautiouslyâ with AI; launches 20 to 25 pilots a year and is looking at direct-to-consumer and small-business services options for AI
TikTok is testing an AI chatbot called âTako,â available in select countries
Frank DeGods and Kevin Rose join Carly live from LA on the 3rd stop on the OPJ Happy Hour Tour. Frank and Kevin are two of web3âs most provocative founders and they have insightful takes on combatting holder FUD, the irony of sustainability, and VC tokenomics. Plus, Frank spills the beans on how he leverages AI and Kevin dishes on PROOFâs new deal with Spotify. đđž
In our weekly Friday recap, Benny Giang breaks down the new ERC-6551 standard that puts wallets in every NFT. 𤯠Plus, Carly, Gavin, and Zeneca talk Art Blocks and the Sothebyâs 3AC asset sale, Pudgy Penguinsâ new toy line, and Jack Butcherâs big week. Catch up here.
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Today's newsletter is the most insightful and captivating thus far. Thanks a million Ms Reilly! đđ˝đđ˝
Thatâs a lot of developments for one week! Thank you.