☄️ Solana Spaces
God is Typing…, Meta loses $$$ with metaverse division 💸
IRL blockchain stores? Solana Spaces, the new store is located in Hudson Yards, is being launched in collaboration with the Solana Foundation. The company is also building a smartphone, so it makes sense to have spaces where they will showcase the phone and educate people on how to use it!
Apologies for no newsletter last week as the person who was helping me during my hand injury left the day before publishing, so I couldn’t type it all in one day. Unfortunately it’s difficult to find people you can trust. 🤷♀️ Regardless, come join our Twitter Spaces with Rarible every Monday where we discuss the news with head of community Adam!
Tiffany’s will be selling 250 NFTs priced at 30 ETH. They teased the drop with a tweet calling the future NFTiff, which is custom designed digital and physical pendant of CryptoPunk holders.
ApeCoin DAO has voted in favor of funding the news site The Bored Ape Gazette.
Miami’s Mayor Suarez shared plans to release 5,000 Ethereum NFTs with TIME, Mastercard, and Salesforce.
Madonna said she’s obsessed with Bored Ape #3756, and wants it very badly.
amazon.eth received a 1M USDC bid.
XCOPY’s latest work is ‘God is typing’.
🔮 Metaverse News
Ethereum co-founder Vitalik told the corporate attempts (such as like the one at Meta) at the metaverse will fail because “it’s far too early to know what people actually want.”
Speaking of Meta, the company reported losses for the first time (with revenue falling to $28.8B) in its existence, with the metaverse unit losing $5.7B.
DressX began selling outfits in Meta’s Avatar Store. I guess it’s great for DressX and perhaps the digital fashion? If you’re not too familiar, DressX is a digital fashion brand, they have outfits both as NFTs and not, and they use Snap’s AR tools. Raises the question… should web3 brands be collaborating with web2 companies?
Nike x RTFKT released AR Genesis Hoodie NFTs, compatible with Clone X avatars and that come with physical hoodies.
Socios’s owner and technology provider, Chiliz, will invest €100 million to acquire about a quarter of Barça Studios, which manages the FC Barcelona’s audiovisual productions and digital business offerings.
British rock band Muse’s upcoming new album titled “Will of the People” (sounds right with blockchain!) will be released as a limited-edition NFT on the Polygon-based platform Serenade.
Web3 music streaming platform Audius was hacked on Saturday for more than $6 million worth of $AUDIO tokens.
We chatted about Music NFTs, Royal platform, and how music got the worst deal in Web2 in the NFT Plazas’ The Music NFT Show. 💙
🔥 What else is hot?
Hip hop producer Illa Da Producer announced he’s joined the BAYC team at Yuga Labs.
Spice DAO decided to dissolve.
Sweatcoin, a popular Web2 app that has over 100 million users is shifting into crypto with a $13 million funding from the NEAR Foundation, and Jump. Users earn for taking steps, but can also get penalties for not taking them.
The FTC has filed suit to block Meta’s purchase of VR fitness app maker, Within. FTC is concerned about Meta’s plans for the budding metaverse, as well as the VR fitness space.
Unstoppable Domains reached unicorn valuation with $65M Series A round.
Stablecoin issuer Tether and cryptocurrency exchange Bitfinex have announced the launch of fully encrypted video chat application named Keet.
Tesla still has $222 million of “digital assets” on the books.
❓Question of the Week
📖 Reading List
Quarterly NFT Market Report by NonFungible
The right to never be forgotten by Antonio García Martínez
On Web3 Membership and Composable Monetization by Andrew Hong
Tell me what you’re doing on in the discussion thread! I’ll make sure to check it out, and you might get a feature in the next NFTimes edition!
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Disclaimer: Investing in NFTs comes with inherent risk including technical risk, human error, platform failure and more. This newsletter is strictly educational and nothing we offer is financial advice. We are not professionals or licensed advisors. Views my own and not any other company I’m affiliated with.