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Magic Eden integrates with Polygon. If Magic Eden keeps branching out, it could eventually overtake OpenSea as the leading NFT marketplace. But it still has a long way to go.
The Onion launches its own NFT collection. And they’re laughing all the way to the bank! Seriously, if you don’t spend two minutes on this, you’re the joke.
Is Web3 the next phase of the Internet, or just a gimmick? Has FTX ensured Web3 will never get off the ground? Scandals come and go. FTX fooled a lot of people, but the best way to learn a really good lesson and make it stick is to be fooled by fools.
Do you have a long-term view of Web3? Who’s giving Web3 a bad name? It isn’t centralized but regulated companies like Coinbase and Kraken. Rather, it’s unregulated and centralized off-shore crypto firms operating with lack of transparency. Does that mean more regulation is needed, or more decentralization? Leave a comment below and let me know what you think.
TikTok was instrumental in leading to the arrest of two Russians over e-book piracy. Peer-to-peer file sharing is nothing new. Netflix pioneered it for music when the rest of the world was playing around on GeoCities and Six Degrees. Then, music artist associations got involved, took them to court, and Netflix was forced to change their business model. No one got arrested. Something about this makes me think these fellows got the short end because of their nationality. Are these guys the new Sacco and Vanzetti?
Mattel launches an NFT marketplace for its Hot Wheels line. Mattel is getting into NFTs like Spotify is into Joe Rogan. The company has already released NFTs for its Barbie line. If there’s anything that could get me excited about NFTs, it’s Hot Wheels. Zoom zoom!
One DJ named Steve Aoki became a Web3 entrepreneur and wants to tell you how you can make money in Web3. This is more than a how-to. It’s a feature story that is also a GREAT READ.
Gaming doesn’t need crypto, but gamers might. If Web3 developers need to learn one lesson, it’s this: End users don’t care about crypto as much as they care about usability. If your game sucks, players won’t play it. Hyping up the ability to earn your shitcoin isn’t going to entice anyone to play your game. Game mechanics must be at least as good as the current popular Web2 games. If it isn’t, you can shove your tokens into your quarter slot.
Ukraine goes all in on Web3. Not only that, but FIFA, the world’s biggest futbol (soccer) association, is wedding Web3 in a special World Cup nuptial. Saudi Arabia’s soccer team already has an NFT collection and recently saw its sales surge 387 percent after beating Argentina.
South Korean metaverse launches in 49 countries. Yippee yi-yay.
@HattyHats shares his favorite earnings websites, with pros and cons. (gFam)
Wordler Village: The Elves of Samhain. (Cent Pages) Greg R. Fishbone is doing amazing things with Cent Pages. A lot of what I see at Cent Pages is artwork, but this guy is sharing cool literature in a fun way and has an ongoing story collection based on the popular game Wordle.
Hive financial statistics from yesterday. (Hive) Several Hive witnesses share interesting posts about what they’re doing and how Hive is thriving amid the crypto chaos. @arcange is one of the bright lights.
Check out the latest episode of Defluenced: Secure Your Keys! Unkle Bonehead (@unklebonehead) and I talk about good and bad ways to secure your passwords, seed phrases, and cryptographic keys. Plus, we share our own mistakes. Learn from them.
Snark and commentary are in italics. Inclusion of an item doesn’t mean I agree or endorse the ideas presented. Of course, it also doesn’t mean I don’t.
Cryptocracy is a decentralized newsletter published several times a week. I curate the latest news and crypto analysis from some of the brightest minds in crypto, and sometimes offer a little insightful and snarky commentary. Always fresh, always interesting, and always crypto. Original articles on Fridays.
First published at Cryptocracy. Not to be construed as financial advice. Do your own research.