Damien Hirst burns as Beeple builds

Tom Cruise in Space, The Gods Zero Royalty, and more...

Crypto isn’t only about the projects, and memes we talk about. I wrote a lot on this newsletter about projects, rug pulls, and ideas. Some worked, some didn’t. Some flourished, some got called by the SEC. We are in a corrective moment in history. We live in a globalized world than ever before. If you didn’t notice that during Covid, maybe you did through the news of war in Ukraine. What happens in one side of the world affects the others. Similarly, I believe one news item that happens in tech, finance, or social causes, will have an impact in our little bubble of crypto. That’s why we will talk about some other news, bigger news too. Nothing that has no relation to crypto, but for some of them we might need to stretch our neurons to see how it might affect crypto. Bottom line? Everything you read on NFTimes is something you should know. Having said that, let’s begin.

Headlines 📰

BURNT Currencies by Damien Hirst. 🌈

Famed artist of our time, British Damien Hirst just burned 1000 of his paintings to turn them into NFTs. In his collection of 10k NFTs, he asked the buyers to choose either the physical version or the NFT version — and whichever the owner chose, he burned the other. He aimed at doing an experiment to see whether people would value physical version or the NFT. What was the result? 5149 people chose the original painting, while 4851 opted for the NFT.

Channel 4 News @Channel4News

“I’m an artist, not a money-ist.” Artist Damien Hirst speaks to @MinnieStephC4 about setting fire to millions of pounds worth of his artwork as part of an NFT project.

Who is in the Metaverse? 🤼

This week, it was reported that even though Decentraland Metaverse is valued at over $1 billion, yet had a total of only 20 users in 24 hours. Decentraland responded with explaining ‘active users’ and told their daily active users are around 8000.

YUGA(t SEC’ed). 🙈

Yuga Labs is being investigated over ‘unregistered offerings’ by the SEC. Essentially, this is an investigation to see whether NFTs are securities. Yuga offered ApeCoin and Otherside as offerings, so those projects might come up. When asked about it, Yuga said, “As a leader in the space, Yuga is committed to fully cooperating with any inquiries along the way.” MORE

Beep- beep. Beeple. 🏘️

One of the highest paid living artists, Beeple, is building a studio in Charleston. He wants this studio to be a space for the whole digital art and NFT ecosystem.

beeple @beeple

now is the time to BUILD. 🧵

Mark’s Metaverse. 🕹️

Meta unveiled a new V.R. headset called Quest Pro VR that costs $1500 this week, and announced .. wait for it .. LEGS *gasps*😂 Honestly, I was thinking of getting one as I want to spend more time in the metaverse to report with more experience, but price is a bit steep. The new hardware can now track wearer’s eyes and face, and support mixed-reality apps. The hand controllers also got an update with their pressure sensor which enables more precise motions to be captured. Read a full review on the Verge and a take by NYTimes.

DeGods Zero Royalty. 💵

The Solana project DeGods moved to 0% royalty policy, saying that it is their next experiment.

Frank @frankdegods

If royalties go away… I think the space will be more open to redefining what “rug” means. For 5 months people labeled us a dead project & a rug. I have a deep empathy for these people. When I have time, I want to help them. Maybe we’ll see the rise of the 2nd time founders.

First Civilian doing a Spacewalk. 👨‍🚀

Tom Cruise is known for doing all his own stunts, from holding onto a plane or walking outside of a skyscraper. “Live Die Repeat and Repeat,” the follow-up movie of Edge of Tomorrow, will be shot in space when Cruise takes the SpaceX shuttle. Filmmaker Liman said, “When a producer proposes something crazy to you, like, let’s try to shoot a movie in outer space, and NASA and SpaceX sign on, and Tom Cruise signs on…you’re just a little bit more receptive.”

Tweet Check. 🐦

RYAN SΞAN ADAMS - rsa.eth 🦇🔊 @RyanSAdams

You can't regulate crypto out of existence in America. But you can regulate America out of existence in crypto.

Speed Round 🕺

• OpenSea launches an NFT marketplace on Avalanche.

• Sequoia Capital and Binance will be supporting Musks’ Twitter Takeover, committing $800k and $500k, respectively.

• TikTok is planning to build its own product fulfillment centers, coming for Amazon’s gig.

• CNN is closing its NFT project, “Vault by CNN.”

• Azuki introduced ‘Collector’s Profile’ where holders can interact with the Azuki universe.

• Combat comes to the Forgotten Runiverse.

• WWF reports that the global wildlife populations have sunk 69% since 1970.

• The Space Force (USSF) signed on to be one of the first customers of a gas station in space being built by Orbit Fab.

• “Web3 talent marketplaces want to be the next LinkedIns, but what exactly do they do?”

• Read “Deep Dive: How is cryptoart different from other NFTs?” from SuperRare Magazine.

Thanks. 🤝

Thanks to podcast.ai that gave us an interview between Joe Rogan and Steve Jobs. Vote on the next interview you want to see (like one between Buddha and Einstein) here.

Fun Watch. 📹

Eyes Forward 👀

Metaverse Music Festival will be happening between November 10-13th at Decentraland.

What do you guys think of the news? Let me know on Twitter.

-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. Views my own and not any other company I’m affiliated with.

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