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⛓️ Is Web3 becoming mainstream? - What The Block
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
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.
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.
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 ?!
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 ;)
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
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
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).
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