Tony Hawk To Create Web3’s Biggest Skatepark
*Read this newsletter on the web for the best experience*
Lets take the time to sit back, relax, and think back of the successes of the past week? We've been spoiled by an amazing Otherside demo, Etherium crossing the $1300 pricepoint, and 0xCareers opening the doors of its WEB3 talent pool; 0xtalent.io!
The response on the launch of our talent pool has been overwhelming, and the amount of resumes that are submitted to 0xtalent.io have blown our expectations away. It shows us that our community can't wait for career opportunities, support, and edication. We've got great news for them: We are finalizing the first version of our website, and already helped hire the first WEB3 Candidates.
As always, the most interesting toughts of the past week:
— 🩸💀 AMERICAN RADASS
TONY HAWK TO CREATE WEB3’S BIGGEST SKATEPARK
Tony Hawk, one of the world’s most famous and recognized skateboarders, announced his partnership with the blockchain-based virtual world The Sandbox to build the “largest virtual skatepark ever made.”
According to a video posted by The Sandbox and shared by Hawk, Hawk’s metaverse will not only have a marketplace to sell skateboards and skate accessories but will also give users access to editing tools to create the skatepark of their dreams.
The “Tony Hawk LAND” will feature 36 plots of land, according to The Sandbox, which is enough merit to earn it its title as the world’s largest skatepark ever created in the metaverse.
OPENSEA CUTS STAFF BY 20%
The bear market has negatively affected the staffing levels at several major crypto firms. The latest to suffer under the carnage of the price drops is the world’s leading NFT marketplace OpenSea; the platform announced massive layoffs on July 14, citing “an unprecedented combination of crypto winter and broad macroeconomic instability.”
SOLANA SUED FOR BEING ‘CENTRALIZED’
Layer-1 blockchain Solana is faced with a class-action lawsuit in California filed by Mark Young, an investor in the token.
According to the court filing, the Solana Foundation, Anatoly Yakovenko, Solana Labs, Multicoin Capital, and FalconX profited from the sale of an unregistered security.
📰 OTHER NEWS FROM THE PAST WEEK
Ethereum devs announce a tentative date for the merge; 19th of September 2022.
Yuga labs announced Agora Market Place for the Otherside powered by ApeCoin.
Coinbase shut down its affiliate program "due to crypto market conditions", which makes users and investors worried about possible liquidity problems.
The same week OpenSea laid off 20% of its workforce, the top NFT marketplace removed several music-themed ENS domain auctions after receiving a cease and desist letter from the Recording Industry Association of America (RIAA).
Dan Romero, a former Coinbase executive who left the exchange in 2019, announced that he raised $30 million led by a16z for his decentralized social network protocol Farcaster.
A UK judge has recently approved using NFTs to serve legal documents.
Within just a couple of days of its launch, the GameStop NFT marketplace has done almost as much business as the Coinbase marketplace in its entire lifetime.
Russian President Vladimir Putin has signed a bill into law making crypto payments illegal, reaffirming the ruble as the only accepted monetary unit in the Russian Federation.
Crypto payment service MoonPay has filled several C-suite and senior management roles, including the addition of Jim Esposito as chief operating officer and Akash Garg as chief technology officer.
Axie Infinity co-founder and CEO Trung Nguyen recently took to Twitter to inform the community that “nature is healing.”
✨ NEW IN THE SPACE
The Walt Disney Company has chosen Polygon to participate in its accelerator program.
NFT marketplace Magic Eden unveiled Magic Ventures, a venture financing division concentrating only on Web3 gaming. The business has appointed Tony Zhao, a former Tencent executive, as its new head of gaming investments.
Playboy takes its first leap into the Web3 and enters into the metaverse, partnering with Sandbox.
Ducati confirms blockchain partnership with Ripple to create NFTs
💀 HOW TO RECOGNIZE A RUG PULL
Popular minting service Premint got hacked, and mint functions have been replaced with 'ApprovalForAll'.
The renowned animator and NFT artist DeeKay Kwon had his Twitter account with over 179,800 followers hacked, stealing approximately $150,000 worth of NFTs from multiple victims.
Uniswap liquidity providers have fallen victim to a sophisticated phishing attack, losing approximately $8.6 million worth of crypto assets.
OpenSea reportedly blacklisted some major NFT collections valued at over $27 million.
🔮 LOOKING FORWARD
It’s no financial advice, but you might want to start doing your research and grinding for these allowlists before it’s too late.
📖 LEARN HOW TO DO YOUR OWN RESEARCH
😂 LAUGH OUT LOUD
Here are a few other great memes that made me laugh:
🤓 DISCLAIMER: NFA & DYOR
This newsletter is a curated overview of the most interesting 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.