Apple has decided to let developers sell NFTs
It has been only a few days since I sent over the previous newsletter, but many exciting things have happened since then:
✅ Apple has decided to let developers sell NFTs
✅ Cool Cats announced a new CEO
✅ Woodies premiered their short film
✅ The Walt Disney Company is hiring NFT lawyers
✅ Azuki plans to raise at least $30 million
And so much more! So without further ado ... here is a rundown of the past week in the NFT space!
— 🩸💀 AMERICAN RADASS
Apple has decided to let developers sell NFTs
Apple appears to have stepped into NFTs in order to claim its piece of the pie. It looks like rules are being imposed that allow Apple to take a 30 percent cut of any NFTs sold through iOS apps and the tech company is going out of its way to keep potential sellers from dodging these fees.
As noted by Apple Insider, a typical NFT marketplace will take a 2-3 percent commission. However, according to a new report from The Information, Apple is looking for a whopping 30 percent commission from any NFT deals conducted through iOS apps.
This news could also mean that Apple will add an ETH wallet to every single mobile device, onboarding 1B+ players!
Cool Cats appoints Disney veteran as CEO
The web3 company behind the iconic blue-chip NFT collection Cool Cats, announced today that Stephen Teglas has joined the company as CEO.
Stephen has devoted the last 25 years to leading brand management and commercialization for consumer products for The Walt Disney Company and Warner Bros and most recently leading brand partnerships at RECUR, an NFT technology company that launched NFTs for Nickelodeon, Hello Kitty, and Care Bears which now are now worth 0.02 ETH.
Woodies premieres short film: Woodies Origin
The Woodies NFT collection is forming itself as a web3 storyteller with their new short film,' Woodies Origin.'
The new film represents how NFT artistry can be transformed into films in a classic style. The film is 3-minutes long and is a journey revealing the Woodies' unique and mystical origin story.
They allow their fans to mint a scene from their animated short for free to celebrate this release.
📰 OTHER NEWS FROM THE PAST WEEK
The Walt Disney Company is looking to hire a transaction lawyer to explore emerging technology opportunities, including NFTs, working at an "accelerated and aggressive timeline," according to a job posting on LinkedIn.
Chiru Labs, the Los Angeles-based creator of the much-hyped Azuki NFT collection, plans to raise at least $30 million in an upcoming Series A funding round.
OpenSea has incorporated the scarcity tracking tool OpenRarity, which lets buyers know about the rarity of a particular NFT.
A couple of Stanford researchers drew out and prototyped ERC-20R/721R to support reversible transactions on Ethereum.
The Ethereum coin mixer Tornado Cash’s code has returned to GitHub after an absence of over one month. GitHub lifted the ban on Tornado Cash after the Office of Foreign Assets Control clarified that the sanctions against Tornado Cash did not apply to users sharing or reading the app code.
Magic Eden, the most popular Solana NFT store, extended its reach to the Ethereum network by adding support for many prominent collections.
OpenSea has integrated Ethereum scaling solution Arbitrum as the fifth network available on the marketplace.
Coinbase has denied allegations from The Wall Street Journal that it engaged in proprietary trading.
Sam Bankman-Fried‘s exchange FTX is reportedly in talks with investors to raise funding up to $1 Billion at a valuation of $32 billion.
✨ NEW IN THE SPACE
Funko, the pop culture retailer behind Funko Pop! collectible figurines, has teamed up with Warner Brothers and the U.S. retail giant Walmart to sell NFT-linked DC Universe-branded comic books.
The Solana-based Web3 football game MonkeyLeague has just announced a major strategic partnership with the legendary Italian club AC Milan.
The NFT-based gaming firm Vulcan Forged raised $8 million in a Series A funding round.
💀 HOW TO RECOGNIZE A RUG PULL
JFX, the founder of the popular @NFT Instagram account, has been scammed and lost his Bored Ape Yacht Club and Doodles NFTs. Some claim it's an act of karma, as JFX has been known to promote various scams on his Instagram page.
😂 LAUGH OUT LOUD
🤓 DISCLAIMER: NFA & DYOR
This newsletter is a curated overview of the most exciting things I’ve read the past week, the projects I’ve researched, and the NFTs I’ll be trying to buy.
This means I’m - per definition - biased, so don’t consider this as financial advice, and keep doing your own research if you see something you like.