đApple is blocking Gnosis Safe, Problems with Solana and Opensea
Audius is announcing a $5 million funding round backed by Katy Perry, Nas, Steve Aoki, Jason Derulo and more, New projects from the Loot creator Dom HoffmanđȘ
Dear NFTimer,
Big congratulations to Vitalik for making it to the Times Magazineâs â100 Most Influential People of 2021â list. Well deserved.
Problem on the Solana land. Solana suffered network outages last Tuesday. They warned users, writing that the network had been âexperiencing intermittent instability.â They later got the system up and running in less than 24 hours. Anatoly Yakovenko (CEO of Solana Labs) tweeted that a bot network chasing an initial DEX offering on Raydium was an issue in the outage.
đš NFTs
Dom Hoffman, the founder of Loot wants to burn the smart contract keys that gives him not really any actual power, but some perceived one. He wrote, âFor better or for worse, as long as there is a contract owner, the perceived powers of the contract owner likely have some legitimacy. The ownerâs primary soft power is the ability to signal what is or isnât canonical or approved, and to require some degree of psychological buy-in.â
Dom Hoffman continues to drop some more interesting contracts, this time on his way to his honeymoon, he dropped âVows.â He also tweeted another project called HelloDungeon.sol, so you can check that out here as well.
The worldâs most liquid decentralized marketplace, NFTX.io, powered by the NFTX protocol, just launched!
An employee of Opensea used insider information to buy NFTs that they knew would be on the front page, before it was there publicly. Opensea shared a post explaining the situation.
Smol Puddle is the first ERC721 Market for Arbitrum, decentralized orderbook using Waku. The platform doesnât have any tests and is not audited â so use carefully.
New Loot project alert! This time, itâs random words. Lootlang is an entire language generated and stored on-chain. Word meaning is intentionally omitted for others to interpret.
At this point we know Sothebyâs and Christieâs are in a race of being the firsts, but lucky for them, the firsts are plenty in the NFT space. Sothebyâs got this: Refik Anadolâs âMachine Hallucinations â Space : Metaverseâ will be the first immersive NFT to appear in a major auction. He will âmint a machineâs dreams of the universe into the blockchain.â
Gary Vaynerchuk, the creator of VeeFriends and the host of VeeCon 2022, will now see five of his original artworks go on auction at Christieâs.
Shaun Heâs team created a tool to help collect Artblocks called Eyesfi.
Archipelago.art will be a new marketplace for generative art from Artblocks, seen as a competitor to the market leader Opensea.
Two updates from MoonCats! First, they are launching lootprints, 25,600 answers to Mooncat demands. They are taking off their planet, and going to⊠Sothebyâs. Co-Head of Digital Art at Sothebyâs tweeted that Sothebyâs is âcommitted to bring the most historic and impactful NFT projects to a wider global audience. Mooncats are among the very first on-chain generative projects from 2017, just 1 month after CryptoPunks.â
đź Metaverse News
We got a first look into the ShĆyu Metaverse:
The sales on the island of MIAMI on Cryptovoxels came to an end.
đ¶ Music
Audius is announcing a $5 million funding round, backed by artists like Katy Perry, Nas, Steve Aoki, Jason Derulo, the Chainsmokers and more. The platform is made to be a rival to Spotify, but it goes way beyond that. Artists also become owners of the platform via the governance token, $AUDIO. 90% of earnings move in real time while 10% goes to the community that makes the project run. This comes after the news of Audiusâ integration with TikTok.
đŸ Gaming
Season 2 of Zapper Quests will go live on September 23rd at midnight GMT. Users will once be able to âearn experience for activities they do on the dashboard and level up their wallet addresses as they achieve XP milestones.â It will continue until the end of this year.
âœïž Sports
The Metaverse investment venture DIGITAL, backed by Steven Cohen, has led a $50M Series A fundraising for RECUR, a tech startup that develops âon-chain branded experiences for fans to buy, collect, and resell NFTs.â Cohen is also joining RECURâs board, which now is valued at $333 million.
You can follow your favorite teamâs fan token on Forefront.
đ„ Movies
The nonprofit Decentralized Pictures â co-founded by Roman Coppola, Leo Matchett, and Michael Musante plans to go live in the fall with the goal of discovering and supporting underrepresented filmmakers using a blockchain-powered platform. Community members will vote with the native token on different criteria such as social impact, creativity, characters, and plot, thus choosing which movie proposal will get the funding.
Movie theater chain AMC will start to accept Bitcoin, Ethereum, Litecoin, and Bitcoin Cash by the end of this year.
đ„ What else is hot?
Dune Analytics announces the âWizard Request Program.â Itâs meant to be a way for projects to find analysts to work with. If you need one, fill out the form here.
eBay has been selling NFTs for months⊠but seems like theyâre not doing it right. They forbid sales of NFTs more than $10,000 (do they even read NFTimes, right?) and have a user experience that looks not too trustworthy. If they cracked the code, they would open this space up to their millions of users.
SushiSwapâs token platform called MISO was hacked for 864.8 ETH (over $3 million). SushiSwap is one of the largest decentralized exchanges in the world.
Former lawyer of Coinbase, and former CEO of Binance US Brian Brooks: "I don't start with the regulation, I start with: 'What is the activity that we're doing here, and what aspects of it ought to be regulated?' And I don't start with the assumption that everything that's happening in cryptoland ought to be subject to banking or securities regulation."
Apple is blocking Gnosis Safe from its App Store because aside from enabling users to reach their crypto funds via their wallets, it also lets them view other digital assets, such as NFTs. Gnosis Safe needs to get rid of this feature to be back on App Store.
Elon Musk got a new dog, a Shiba Inu named Floki, thus causing Floki-themed cryptocurrencies to soar.
đ Reading List
This week, weâre focusing on DAOs.
âDAOs - The new frontier in Coordinationâ An important read from Bankless & Gitcoin that consists of 122 slides with case studies of various DAOs, hot takes from industry people, creator spotlights, graphs, and explanations about compensations.
Couple of articles about DAOs:
âFull-Time DAOsâ by Coopahtroopa. Heâs announcing that he will be working full-time on DAOs.
âA beginnerâs guide to DAOsâ by Linda Xie
âRoles in Community Buildingâ by Pet3rpan
â30 DAO Patterns and Projectsâ by Clemens
đ€Ș Cool fun beans
Fidenza #647 bought for 291.0 ETH ($1.04 million)
Tell me what youâre working on in the discussion thread! Iâll make sure to check it out, and maybe youâll get a feature in the next NFTimes edition!Â
If you like this newsletter, please share it with your friends or whoever you think might like this. Meanwhile, follow timely news on Twitter. See you next week.Â
Aleyna
.
.
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.