💰 Jay-Z, Porsche, Doodles...
and yours truly gets a new gig 🌝
Gm tech enthusiasts,
Meta’s chief AI scientist said that ChatGPT is ‘not particularly innovative,’ and ‘nothing revolutionary.’ Haha. Speaking of AI, I got some pretty exciting news. Yours truly is taking on the Chief Operating Officer role at Ginoa.
Ginoa aims at eliminating the current speculative pricing nature of NFTs by introducing artificial intelligence to the trading, collecting, and investing strategy, offering the best rarity and price estimation of digital assets using state of the art machine learning algorithms.
Not only that but Ginoa offers a one-stop shop barterplace for all your swapping and trading needs. Product will be launching very soon. Join the waitlist here.
Without further ado, let’s dive in to this weeks news.
Headlines 📰
Doodles 2 moves to Flow. 🍀
One of the top projects, Doodles, announced the plans to launch Doodles 2 on the Flow blockchain. Flow is known for NBA Top Shot and is used for larger scale projects.
Doodles 2 will bring millions of new doods, allowing NFT holders to endlessly customize their characters to use in games, or on social media. Owners will be able to personalize the look of their avatars, including the body, apparel, expression, and accessories. Doodles also announced the acquisition of animation studio Golden Wolf.
Decentralized State of Mind. 🎽
Web3 startup Spatial Labs has raised $10 million in a seed round led by Blockchain Capital with participation from Jay-Z’s VC firm Marcy Venture Partners.
Spatial Labs developed a microchip called the LNQ One Chip that can be sewn or embedded into physical fashion items. The chips can be scanned with NFC technology, revealing details about the item and creating a digital copy to be used in the metaverse. Each chip is tied to an NFT on Polygon, a popular scaling solution for Ethereum. This enables the linking of physical and digital items, and also creates a new use case of offering authentication services to luxury brands. Spatial Labs was launched in 2019 by Ghanaian-American entrepreneur Iddris Sandu.
Porsche 911. 🏎️
1,800-NFT pileup this week when Porsche’s pricey NFT drop fell well short of selling out, forcing the brand to announce plans to shift gears and cut the supply.NFTs that would celebrate the vehicle and allow holders access to events and exclusive merchandise “help design Porsche's future in the virtual world.” when they announced sell the NFTs for 0.911 ETH apiece, or about $1,475 got bad press
DOJ sues Google. 📳
The DOJ is taking legal action to break up Google’s ad business. The DOJ and several states are alleging that Google abused its market power and controls how the US digital ad industry operates. Google has previously faced scrutiny from antitrust authorities - the DOJ filed a separate lawsuit against the company in 2020 - but this lawsuit is noteworthy for several reasons: firstly, it marks the first major challenge against a tech giant by the Biden administration, and secondly, the DOJ has rarely pushed for big companies to break themselves up in recent decades.
Speed Round 🕺
Floor acquired WGMI.io.
Spotify will cut 6% of its global workforce.
Instagram is debuting a Quiet Mode that lets you pause notifications.
Rarible launched its community NFT marketplace builder tool on Polygon.
Yves Saint Laurent has filed a trademark for metaverse use.
Rug Radio is launching PFPs designed by artist Cory Van Lew on Feb. 6th.
.SWOOSH Studio, Nike's home for virtual co-creation, launched last Wednesday.
Co-founder of Moonbirds and Proof Kevin Rose’s wallet was hacked and about 40 NFTs were stolen.
Co-founders of NFT Marketplace Nifty Gateway Duncan and Griffin Cock Foster announced their departure from Gemini.
Decentraland published their manifesto.
Artwork Highlights. 🖼
Partner. 🤝
NFTimes is partnering with Outer Edge LA (previously NFT LA) !
NFT LA is returning for its second year — happening on March 20-23rd at LA Live in Downtown Los Angeles. 🌴
Outer Edge LA is an independently organized experience put on by The Edge Of Company. This will be more than just an event — but an experience with concerts, a sport game, red carpets, and wait for it… vegan options. They will be featuring amazing panels packed with notable names. Snatch your ticket now.
-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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Great information as always