🐸 Feels Good Man
Elon's Twitter & Web3 Summits Ticket Giveaway 🎉
Hey all —
I watched Feels Good Man the other day, and I would recommend it to everybody interested in internet culture and its roots. We know Pepe in crypto in the context of “rare pepes,” but that’s just a tiny glimpse of the most famous internet frog. Sundance winner documentary tells the story of the cartoonist Matt Furie and how his creation Pepe became the symbol of hatred, racism, bigotry, and alt-right.
Memes are elements of culture passed from one person to another and have such powers that nobody could’ve foreseen when Pepe became one of the first memes ever. Not trying to control the narrative, Matt watches Pepe become a meme and a symbol for 4chan. Pepe is later discovered by the wider internet and gets a good rep, but that only infuriates the 4channers to make Pepe as grotesque as possible. The film talks about the current issues and gives a good understanding of a dangerous group: neets (not in education, employment, or training) - 14 to 30-year-old men who are unable to form social connections and meaning in their lives, and who feel immense hatred towards women, ‘normies,’ and honestly, towards each other. Prof G always talks about this group and how disconnected boys who are unable to make connections are usually the group that becomes dangerous to the public (e.g. school shootings)
Come chat about this week’s news today at 1pm PST.
Headlines 📰
Twitter. More Twitter. Also Elon. And Twitter.🫡
Chief Twit is in the house. Elon Musk finally enters Twitter HQ (with a sink) and is getting to know the crew. The same day, we got a tweet from TwitterDev that said they are testing out “NFT Tweet Tiles” where users will be able to see full pictures of NFTs, title, and creator. What else happened on Twitter land?
Fired CEO Parag Agrawal, CFO Ned Segal, Vijaya Gadde, the top legal and policy executive and the general counsel Sean Edgett.
Announced an oversight board for content moderation.
Binance is still in the deal, helping bring Twitter into Web3.
As a private company, Twitter will be subject to less regulatory oversight.
Shareholders get $54.20 per share!
Andreessen Horowitz is helping Twitter’s new chief Elon Musk.
Apple: No degen activities without our cut pls. 🚷
Less than a month after Apple approved tokens to be bought and sold on App Store, they published an update that doesn’t allow any NFT-related functions in the app. Users can view, sell, mint, list, or transfer NFTs, but cannot use any functions like license keys, AR markers, QR codes, or crypto wallets. Jason writes in this thread, “It’s clear Apple doesn’t want NFT sales that happen outside of its store to unlock benefits on iOS because it wants its 30% commission from the sale of in-app features.”
Web3 Social 🫶
Interest rate swap automated market maker Voltz decided to build its own Discord due to hacks, bringing their 15k members into their new platform. The open-source tool will be able to verify users’ identity and award them with soulbound tokens for participating in activities and tasks within the community.
Premise of the Metaverse. #️⃣
The one and only Neal Stephenson, who coined the term metaverse in his novel Snow Crash, have been building a metaverse company. I heard him talk about this (and actually met up with some folks at the new initiative) at Consensus 2022. Lamina1 is a tool to help developers build virtual worlds and connect them with other virtual worlds. So mainly, they are providing the infrastructure for interoperability, and they’re making it easier for others to build their own version. Company’s CEO put it this way, “it takes too much effort for independent developers to build up these persistent digital worlds and monetize them. Lamina1 wants to provide all the necessary underlying technologies to indie developers.”
Tweet Check. 🐦
Speed Round 🕺
Eleven percent of Gen Z workers say their first investing experience was through crypto and half of them want crypto in their 401(k)s.
An internal document from Twitter titled “Where did the Tweeters Go?” got leaked, showing a decline of heavy users.
Reality Labs division of Meta, which houses its VR headsets, lost over $9 billion in the first three quarters.
Going to check out TikTok Boom documentary this week, produced by the same filmmaker who did “Coded Bias.”
LooksRare NFT marketplace moves to 0% royalties.
Check out “Keep Music out of Music NFTs” by Vaughn McKenzie-Landell.
Teleport creators raised $9M to build decentralized ride-hailing platform on Solana.
Fun Watch. 📹
Eyes Forward 👀
Excited to announce that NFTimes is partnering with Web3 Summits, happening on November 30th and December 1st in Miami. Are you interested in sponsoring or speaking at the event? Check it out here.
For my lovely readers, I also have something special. I’m giving away one ticket to the Web3 Summits conference. What do you have to do?
-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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