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⛓️ Is Web3 becoming mainstream? - What The Block

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⛓️ Is Web3 becoming mainstream? - What The Block

WTB #08

David Klingbeil
Jul 14, 2022
3
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⛓️ Is Web3 becoming mainstream? - What The Block

www.whattheblock.xyz

Welcome back to What The Block, a newsletter packed with insights & intelligence about the Web3, Blockchain, NFTs and the Metaverse—written by me, David Klingbeil

gm everybody,

A week in web3 is always full of surprises.

A few days ago, South Park released a series of videos mocking celebrities who starred in crypto ads last year. While this sounds like a pretty harsh criticism of web3, one could also see it as web3 becoming more mainstream.

Twitter avatar for @CryptoParadyme
Dyme @CryptoParadyme
New South Park movie aired tonight. They made fun of Matt Damon selling out for Crypto and uh well
5:20 AM ∙ Jul 13, 2022
6,790Likes992Retweets

As Elon Musk famously said: "Who controls the memes, controls the Universe".

Speaking of memes, an NFT project called "The Saudis" has had some surprising traction. The project that started as a meme inspired by CryptoPunks ended up being one of the most successful collections on OpenSea.

Twitter avatar for @TheSaudisNFT
The Saudis 🇸🇦 (SOLD OUT) @TheSaudisNFT
The Saudis are live on soon to be SAUDISEA. Mashallah 🇸🇦 opensea.io/collection/the…
Image
6:01 PM ∙ Jul 9, 2022
580Likes118Retweets

The NFT space is usually full of innovative ideas, but it was funny to see a meme based project have so much success.

Sounds like papa Elon was right once more...

Through this newsletter, I hope to make the world of web3 more accessible and entertaining by curating news and insights that will make you think... What the Block ?!

WAGMI*

David Klingbeil
(Twitter - LinkedIn)

PS: feel free to hit reply to leave a comment, I read and answer every message

*We’re All Gonna Make It, a popular way to cheer in Web3 ;)


This week’s must read

🎨 NFTs

  • Rare CryptoPunk Sells for $2.6M as Collection Continues Resurgence

  • The Saudis Becomes Second Most Traded Collection on OpenSea over Past Week

  • PSG soccer club selling NFT tickets & commemorative NFTs

  • GameStop NFT Marketplace Launches

  • Luxury Brands Are a Great Example of Web3 Adaptation

💸 Cryptocurrencies & DeFi

  • Consumers accepting CBDCs is like turkeys voting for Christmas

  • The search term ‘Bitcoin Crash’ is trending — Here’s why

  • Revolut Unveils Financial Literacy Course for Crypto Savers

  • Crypto Increasingly Used To Pay Salaries in Developing Economies

  • Eight Lessons From Crypto Startups and VCs

🕹️ Gaming & the Metaverse

  • Playboy Mansion Coming To Metaverse Via The Sandbox

  • Why P2E NFT Games Need to Double-Down on ‘Play’ Instead of ‘Earn’

  • State of The Sandbox Q2 2022

  • Shanghai Allocates $1.5B to Metaverse Development Fund

  • Blockchain-based games see an uptick in users despite bear market conditions

✌️ Misc

  • Celebrities Matt Damon, Gwyneth Paltrow, Larry David Mocked for Crypto Promotions in New South Park Movie

  • What Legacy Brands Can Learn From Web3’s Hyper-Cultish Narratives

  • NFTs Could Be a Viable Source of Income for Museums


Food for thought

Why digital fashion matters? (TCG Crypto)

  • Digital fashion largely had its origins in gaming (to no surprise: both industries share common ground as first-movers via emerging technologies to create new forms of self-expression).

  • Companies like MetaFactory are creating physical clothes with digital counterparts, while fashion houses like The Fabricant are designing digital clothes for avatars. For the first time, the industry feels equitable: anyone in the world can create digital clothing, as long as they have a computer and software skills.

  • Digital identities are an extension of our self-expression. In the future, they will be our most valuable assets. The unlock for web3 digital fashion will be in creating functionality for the digital fashion as a garment (I can try it on; I can wear it when, how, and where I choose) as well as functionality for the digital fashion as an asset (I can sell or trade it; I can make money from my digital fashion through renting it or wearing it in a public space).


What I’m watching

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