#165 - Project watch 🔭 Owls and Amazon NFTs
Plus, CoffeeZilla appears on JRE and Yuga makes $16.5 million
joe hitchcock
March 08, 2023
GM and welcome to Decentra Daily.
We're the web3 newsletter that makes a perfect accompaniment to coffee and bagels.
Don't forget about our rewards program!
Today,
- Project watch 🔭 Owls update and Amazon's NFT launch
- Web3 wire 📰 Claire silver at the Louvre and CoffeeZilla on JRE
- In case you missed it 🪧 Yuga's TwelveFold makes $16.5 million
Plus, all the web3 headlines, memes, and Tweet of the day.
Top 24hr collections 📈
via OpenSea
#1 Owls and Amazon Digital Marketplace deets
Some projects, we buy. Some, we watch. Others, we miss completely. 😂
Owls blew up and cooled down so fast, we had to swivel our heads all the way around to catch up.
Owls
The generative artwork for Owl's 10K NFTs is known as ASCII – a primitive digital art style that's basically a more advanced version of typing 58008 on your calculator and turning it upside down.
Owls went stratospheric over the weekend, seeing more than 7,250 ETH volume, with the floor increasing from a free mint to just shy of 0.5 ETH.
Collection volume and floor price are down significantly since then (a 24hr drop of -40% at the time of writing).
– But, there's still decent transaction activity and a strong meme culture around the project.
Plus, its now doxxed founder, software engineer Rei Nicolas, just posted a roadmap outlining their plans.
Amazon NFTs and marketplace
Details about the Amazon Digital Marketplace have been emerging from company insiders over the past couple of days.
Here's what we know:
- The marketplace will go live on April 24th in the US
- There'll be no support for crypto, with NFTs purchasable by credit card via Amazon accounts
(Which means no anonymity – and nothing too expensive.)
- 15 collections will appear on the marketplace at launch
- No information on whether those will include pre-existing projects
- There's talk that at least some NFTs will be tied to physical purchases
Also no official word on what blockchain will back the marketplace – and whether Amazon will develop their own infrastructure (and token? 👀)
- There could be an email campaign notifying all US Prime customers when the marketplace goes live
- The platform will also be linked directly from the Amazon homepage
So, whatever appears on the marketplace should see lots of activity when it launches.
Notable Tweets ✅
ChatGPT, now coming to slack. 🤯
Today with @OpenAI we’re launching the
ChatGPT app for Slack 🚀It’s a tasty combo: OpenAI’s leading language models + Slack’s conversational interface for work.
💬 Get up to speed fast
🔍 Instantly find answers
🖊️ Draft messages quickly— Noah Desai Weiss (@noah_weiss)
Mar 7, 2023
With Spotify's AI DJ – and now this office helper – AI is infiltrating the biggest apps at a genuinely unsettling pace.
ERC-4337 makes it easy to set recurring payments with spend limits. Hate it or love it, this will make subscriptions as common in web3 as they are in web2.
— 0xDesigner (@0xDesigner)
Mar 7, 2023
@0xDesigner imagines a web3 future made possible by ERC-4337 wallets.
📈 NFT projects by market cap over time
It's amazing how much the top 2 remain unchanged
Spots 3-7 have rotated consistently over the last 3 years
— NFT Shark (@nftshark_)
Mar 7, 2023
On the web3 wire
It's been a big few days for web3 in the mainstream media.
The Joe Rogan Experience ep. #1951 – CoffeeZilla ☕️🎧
CoffeeZilla does the Lord of Onboarding's work by talking crypto on the JRE. Listen for a great explanation of the FTX scandal and what makes NFTs worthwhile.
Variety magazine writes an exclusive on Claire Silver 📰
Here's the Variety article announcing Claire Silver's upcoming AI art collection, premiering at the Louvre. The article will also appear in the print magazine.
Coinbase airs ad aimed at mainstream banking customers 🎥
The glitzy ad throws shade on the trad banking system and links to an onboarding portal.
#2 Yuga Labs bagged $16.5 million from its TwelveFold BTC auction
The auction for Yuga's generative art collection, TwelveFold, ended yesterday afternoon – with the final artworks inscribed onto Bitcoin Satoshis in the last block prior to 3 pm PST.
During the auction, Yuga name-checked their Chief Content Officer as the lead artist behind TwelveFold, who wrote a thread on their inspiration and working process.
With 12 pieces given to internal stakeholders, 288 were transferred to the wallets of successful bidders.
- The top bid for a piece was 7.1159 BTC (about $160K or 100ETH)
- The lowest, for the final artwork to be inscribed, was 2.2501 BTC (~$50K or 32 ETH)
- Yuga Labs collected around $16.5 million dollars in total
So, huge amounts for an art collection by any standards.
Yuga funneled its large, wealthy community of thousands into a tiny project, all but guaranteeing a successful mint.
That success came with bidders only getting a glimpse of TwelveFold's artwork beforehand – kind of ironic for a project that was supposed to be "about the art"...
the most shocking part of the TwelveFold drop is that people aped $16,500,000 having only seen ONE complete piece of the artwork. contrast that with Art Blocks, which lets you see an infinite number of output examples.
does this mean that the art really is irrelevant?
— tropoFarmer 🍌 (@tropoFarmer)
Mar 7, 2023
Decentra Daily is brought to you by Ledger
Is it really fine though? Storing cryptocurrency on an exchange can be a risky business.
Don't play with fire - choose a hardware wallet from Ledger to keep your coins and NFTs where you can see them.
That's the whole point of the blockchain, right?
Ledger offers:
- 3 different wallets & price points to match your needs
- Support for NFTs + tons of cryptocurrencies
- A team of security experts working around the 🕰
Things are fine until they're not. Pick up a wallet from Ledger and thank us later.
Meme of the day
Society after Twitter went down for a few hours
— Ramp Capital (@RampCapitalLLC)
Mar 6, 2023
Have a great day! 👋
What we're reading this week
|
|
