GM and happy August! Here’s what’s going on in web3! 

Want to talk about the news with other people in real-time? GM Web3 will be live here in a few hours at 9:30 AM EST and that’s exactly what we do… Go over web3 news, educate each other, and pass around good vibes. We’d love to have you! (We host them daily, so no sweat if you can’t make it!)

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Tiffany & Co. released a teaser video on Sunday afternoon. The video starts as a grid of teal squares that slowly disappear one by one until the pixelated phrase “NFTiff” is expressed through the remaining tiles. 

Following the animation additional context appears on the bottom informing views of the mint date (August 5), the price point (30 ETH), and the total supply (250). 

(ETH is shorthand for Ether, the native cryptocurrency of the Ethereum blockchain. 30 ETH = $51,000ish USD)

The FAQs detail how the tokens themselves are to be used. [https://nft.tiffany.com/faq/\] Each token can be redeemed for a pennant of a cryptopunk. However, you need to own a cryptopunk to redeem the pass for a pennant, but you can still mint a pass if you’d like to just hold it (I guess in hopes of future utility).

The fact that Tiffany is keeping this open to anyone is interesting and makes me think that they have plans in the future to do this with other projects. Perhaps even going as far as offering services to other NFT projects in Yuga Labs portfolio. 

I think this makes total sense but I understand why the NFT community is divided. At least this company seems to be one of the few doing something right when it comes to NFTs.

#NFTiff #NFTs Tiffany & Co.

++++++++++++++++++++

The ApeCoin DAO overwhelmingly passed a proposal to fund The Bored Ape Gazette with $150,000. The money will be spent on the main writer and editor’s salary as well as put towards improvements to the website and production workflows. 

This is cool when you think about how communities can use DAOs to allocate funds to causes and initiatives they believe in. When you start thinking outside of web3 it gets even cooler. 

FYI: DAO stands for Decentralized Autonomous Organization. A DAO is an organization that is governed through smart contracts. Typically DAOs have been used by Defi protocols to allow their members to vote on different aspects of the management of the protocol, but it’s becoming more and more common for non-Defi projects to harness the power of DAOs. What Apecoin is doing here is just one example, but in the future expect to see entire co-ops operated as DAOs. 

#DAO #Apecoin #BAYC

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This week’s featured artist is Shurooq Amin.

Shurooq is a champion of NFTs, but not for the reasons you might think. 

Shurooq lives in Kuwait and she’s been making art for years, long before NFTs were a thing. 

Shurooq likes to make art that reflects her feminine spirit, but this is frowned upon due to the local customs. Her art has caused so many issues with the local authorities that she’s been raided twice since 2012 and has had her art seized. It’s for this reason that she got into NFTs. 

NFTs can’t be removed or augmented (in most cases) after being committed to their blockchain. Shurooq can mint her work onto the blockchain of her choice and as long as that chain continues to operate, her work will continue to exist and be available to whoever requests it. She can’t be censored, at least not in traditional ways. 

N.B. Due to the nature of private, centralized companies running a lot of what we consider to be web3 marketplaces, there will always loom the threat that the government can outlaw the platform or force the platform to act on behalf of the authorities, similar to how Facebook operates outside of the US. 

++++++++++++++++++++

“Almost overnight, the Internet’s gone from a technical wonder to a business must.” 

– Bill Schrader

++++++++++++++++++++

An acronym, “Hold On (for) Dear Life”

A modern euphemism for buy-and-hold investment strategies. 

There is some lore to it but the crypto community is split and it’s not that interesting. One story holds that a user coined the term when trying to spell HOLD but accidentally switched the L and D. Another is that someone meant it as an acronym.

++++++++++++++++++++

“Do not address your readers as though they were gathered together in a stadium. When people read your copy, they are alone. Pretend you are writing to each of them a letter on behalf of your client.” – David Ogilvy

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Thanks for reading this far. If you’ve made it here send me a DM with your Solana address and I’ll send you a Happy Quokka NFT to celebrate the collection being listed on Opensea

/fin

GM and happy August! Here’s what’s going on in web3! 

Want to talk about the news with other people in real-time? GM Web3 will be live here in a few hours at 9:30 AM EST and that’s exactly what we do… Go over web3 news, educate each other, and pass around good vibes. We’d love to have you! (We host them daily, so no sweat if you can’t make it!)

\\\\\\\\\\\\\\

Tiffany & Co. released a teaser video on Sunday afternoon. The video starts as a grid of teal squares that slowly disappear one by one until the pixelated phrase “NFTiff” is expressed through the remaining tiles. 

Following the animation additional context appears on the bottom informing views of the mint date (August 5), the price point (30 ETH), and the total supply (250). 

(ETH is shorthand for Ether, the native cryptocurrency of the Ethereum blockchain. 30 ETH = $51,000ish USD)

The FAQs detail how the tokens themselves are to be used. [https://nft.tiffany.com/faq/\] Each token can be redeemed for a pennant of a cryptopunk. However, you need to own a cryptopunk to redeem the pass for a pennant, but you can still mint a pass if you’d like to just hold it (I guess in hopes of future utility).

The fact that Tiffany is keeping this open to anyone is interesting and makes me think that they have plans in the future to do this with other projects. Perhaps even going as far as offering services to other NFT projects in Yuga Labs portfolio. 

I think this makes total sense but I understand why the NFT community is divided. At least this company seems to be one of the few doing something right when it comes to NFTs.

#NFTiff #NFTs Tiffany & Co.

++++++++++++++++++++

The ApeCoin DAO overwhelmingly passed a proposal to fund The Bored Ape Gazette with $150,000. The money will be spent on the main writer and editor’s salary as well as put towards improvements to the website and production workflows. 

This is cool when you think about how communities can use DAOs to allocate funds to causes and initiatives they believe in. When you start thinking outside of web3 it gets even cooler. 

FYI: DAO stands for Decentralized Autonomous Organization. A DAO is an organization that is governed through smart contracts. Typically DAOs have been used by Defi protocols to allow their members to vote on different aspects of the management of the protocol, but it’s becoming more and more common for non-Defi projects to harness the power of DAOs. What Apecoin is doing here is just one example, but in the future expect to see entire co-ops operated as DAOs. 

#DAO #Apecoin #BAYC

\\\\\\\\\\\\\\

This week’s featured artist is Shurooq Amin.

Shurooq is a champion of NFTs, but not for the reasons you might think. 

Shurooq lives in Kuwait and she’s been making art for years, long before NFTs were a thing. 

Shurooq likes to make art that reflects her feminine spirit, but this is frowned upon due to the local customs. Her art has caused so many issues with the local authorities that she’s been raided twice since 2012 and has had her art seized. It’s for this reason that she got into NFTs. 

NFTs can’t be removed or augmented (in most cases) after being committed to their blockchain. Shurooq can mint her work onto the blockchain of her choice and as long as that chain continues to operate, her work will continue to exist and be available to whoever requests it. She can’t be censored, at least not in traditional ways. 

N.B. Due to the nature of private, centralized companies running a lot of what we consider to be web3 marketplaces, there will always loom the threat that the government can outlaw the platform or force the platform to act on behalf of the authorities, similar to how Facebook operates outside of the US. 

++++++++++++++++++++

“Almost overnight, the Internet’s gone from a technical wonder to a business must.” 

– Bill Schrader

++++++++++++++++++++

An acronym, “Hold On (for) Dear Life”

A modern euphemism for buy-and-hold investment strategies. 

There is some lore to it but the crypto community is split and it’s not that interesting. One story holds that a user coined the term when trying to spell HOLD but accidentally switched the L and D. Another is that someone meant it as an acronym.

++++++++++++++++++++

“Do not address your readers as though they were gathered together in a stadium. When people read your copy, they are alone. Pretend you are writing to each of them a letter on behalf of your client.” – David Ogilvy

\\\\\\\\\\\\\\

Thanks for reading this far. If you’ve made it here send me a DM with your Solana address and I’ll send you a Happy Quokka NFT to celebrate the collection being listed on Opensea

/fin