Yuga Labs Adds to Portfolio, Nike Creates NFT Marketplace, and Azuki to Race in F1
Hi Frenz,
Since our last newsletter, Binance backed out of the FTX rescue, which caused FTX to go bankrupt and triggered a lot of shady stuff to happen in the aftermath. I decided not to go deeper into this FTX story, and all the details but rather focus on the other stories and positive developments in the web3 and NFT space during the past week.
Here are a few of my favorite articles I came across; make sure to scroll down to learn all about them!
Yuga Labs acquires Beeple's 10KTF
Nike to debut its platform for web3 wearables
Azuki to Race in F1
X2Y2 to reinstate Creator Royalties
Sony tries to patent NFT usage in games
Adidas Originals launches NFT wearables collection
Adidas Originals World Cup Commercial has hidden NFT and web3 references
... and so much more!
Next to news articles, I stumbled upon a few very insightful Twitter threads, which you should also want to read up on.
PS - I'll be traveling to Art Basel Miami from 24 Nov to 5 Dec! Feel free to reach out if you want to hang out (we're attending the Miami Heat and Miami Dolphins game before Art Basel takes place), and don't hesitate to access my party and event schedule at alphaschedule.io and the corresponding Telegram channel.
β π©Έπ AMERICAN RADASS
Yuga Labs acquires Beepleβs 10KTF
The Bored Ape Yacht Club creators acquired the artist's NFT platform Wenew and its flagship NFT collection, 10KTF. Beeple, whose real name is Mike Winkelmann, will become an advisor to the company.
The move follows Yuga Labsβ acquisition of the CryptoPunks and Meebits NFT collections from Larva Labs earlier this year. 10KTF is an interoperable digital storefront where holders from top NFT collections such as BAYC, Cool Cats, andΒ Moonbirds can mint and collect one-of-a-kind NFTs featuring their digital avatars on digital wearables.
Nike to debut its own platform for web3 wearables
Sports brand Nike is already one of the most successful brands in web3. Now, it's going to promote virtual shoes and other items on its own platform.
Currently in beta but expected to launch its first digital collection next year, .Swoosh (pronounced βdot swooshβ) will let Nike fans collect and even co-create virtual items with the company.
Community members will "soon" be able to wear the items in digital games and immersive experiences, according to a company statement.
Here is a fun tl;dr from the perspective of someone with almost 20 years in Sportwear Fashion, which I stumbled upon!
Azuki to Race in F1
Oracle Red Bull Racing announced that its Principal Team partners, crypto exchange Bybit, and Azuki creators Chiru Labs, will soon be showcased on its cars.
The NFT, Lei the Lightning Azuki will ride shotgun with ORBRβs renowned Max Verstappen and Sergio Perez during the closing race of the season.
Lei, the Lightning Azuki, technically known as Azuki #8494, has an ambitious storyline as a race car builder and five-time champion in the Azuki world βThe Alley.β
Between Chiru Labβs trailblazing innovation with developing Bybit, the crypto exchange, and the creative culture and community behind Azukiβs IP, the ORBR team will bring its lead in F1 to the Web3 space while gaining a couple of thousand new supporters.
π° OTHER NEWS FROM THE PAST WEEK
Woodies linked wearables collection is live on Decentraland.
Adidas Originals World Cup Commercial has hidden NFT and web3 references
Coolman's Universe has been selected by Meta to be one of the first artists to premier digital collectibles.
It looks like Solana is less liquid than Yuga Labs.
X2Y2 has recently stated that it would strictly enforce creator-set royalties on all NFT collections.
Adidas Originals unveils a limited collection of blockchain-based virtual wearables, released as NFTs, which they call "Virtual Gear".
Tom Brady, Steph Curry, Golden State Warriors, and other high-profile celebrities sued for endorsing FTX.
Crypto.comβs cold store information revealed a suspicious transfer of 320,000 ETH to a wallet address linked to Gate.io, which was later returned.
Coinbase CEO Brian Armstrong sold 29,000 Coinbase shares for $1.6 million
FTX created over 16,000 βwrappedβ Bitcoins that now CANNOT be unwrapped.
The names and deposit amounts of every single FTX customer could become public in the Chapter 11 bankruptcy filing.
β¨ NEW IN THE SPACE
Cristiano Ronaldo has launched his first NFT collection
Japanese gaming giant Sony Interactive Entertainment is trying to patent a system for tracking unique in-game digital assets using tokens on a distributed ledger.
Snoop, Billy Ray, and The Avila Brothers have partnered with the metaverse entertainment company, Animal Concerts to develop an upcoming fan-centric NFT experience alongside the record.
π LAUGH OUT LOUD
π ENJOYED THIS WEEK'S ALPHA?
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π€ DISCLAIMER: NFA & DYOR
This newsletter is a curated overview of the most exciting things Iβve read the past week, the projects Iβve researched, and the NFTs Iβll be trying to buy.
This means Iβm - per definition - biased, so donβt consider this as financial advice, and keep doing your own research if you see something you like.