- Decentra Daily
- Posts
- Twisted Hank’s Yarn Balls 🧶
Twisted Hank’s Yarn Balls 🧶
Our web3 threads of the week
Hey y'all, it's the weekend in the Decentra Daily-verse. That means it's time for another web3 thread roundup.
It's been a tough week for many. We hope you're doing ok!
The menu:
Twitter Blue trolling, from @rafaelshimunov
PhotoRoom magic, from @matthieurouif
The RTFKT empire, from @LambolandNFT
The first Insta NFT, from @DrifterShoots
Story of the week (year?), from @binance
Some selfcare advice, from @Zeneca_33
Twitter Blue trolling
Did Twitter Blue tweet just cost Eli Lilly $LLY billions?
Yes.
— Rafael Shimunov is on Mastodon (@rafaelshimunov)
6:20 PM • Nov 11, 2022
@rafaelshimunov reveals the power of a blue checkmark in this thread about a fake Eli Lilly Twitter account.
The troll account used their new $8 verification to impersonate the pharma giant and announce free insulin for all, plunging share prices. Mr. Robot-style citizen justice?
WTF's going on over at Twitter?
Elon's been making big changes at everyone's favorite bird app – one of the most-hyped being paid verification, via Twitter Blue subscriptions.
The theory goes: get everyone to pay $8 per month to become a verified, blue checkmark-wielding user. The cost of verification would make bot farms unfeasible, while Twitter becomes a more profitable & egalitarian place in the process.
Meanwhile, Twitter will up its enforcement to ensure new verified users aren't misusing their blue checkmarks – such as by impersonating organizations or public figures.
The reality, however, seems to be much messier – cue fake verified accounts for OJ, president Bush, Lockheed Martin, etc.
It looks like Twitter is already doing a U-turn on paid verification – so who knows where this is going to go? Glad I nabbed mine!
PhotoRoom AI magic
PhotoRoom raised $19 million for its AI photo studio, which is already powering millions of resellers and small businesses.
Today, we are launching a new generative AI feature, magic studio, to create stunning marketing images from any product photo
A thread 🧵
— Matthieu Rouif (@matthieurouif)
8:44 AM • Nov 7, 2022
AI art tools are evolving more quickly than Pokemon.
Just look at what you can now do with PhotoRoom's new feature, Magic Studio – which uses StableDiffusion AI to generate instant unique backgrounds and marketing images.
RTFKT's NFT empire
How @RTFKT built an NFT empire:
— Lamboland (@LambolandNFT)
7:00 PM • Nov 5, 2022
Check out this @LambolandNFT timeline of the web3 company RTFKT.
Nike-backed sneaker aficionados RTFKT have become one of the most consistent, innovative web3 projects around, thanks to a focus on virality, high-profile collaborations, and some killer AR features!
What is RTFKT?
RTFKT started out making viral AR videos of Nike sneakers with dynamic colors and patterns.
Nike bought the company in 2021.
Since then, RTFKT has released several AR and NFT products & experiences.
These include digital sneakers for CryptoPunk holders (with complementary "physical sneaker forging") and a metaverse world called Clone X.
What does RTFKT stand for, I hear you ask? It doesn't. It's the word "artifact" spelled in a cool(?) web3 way. 🤷♀️
The 1st NFT minted on Insta
I’m excited to be the first creator to mint and sell on Instagram!
Today at 5pm PT / 8pm ET I will be listing an edition of (50) Digital Collectibles on Instagram for $999.99 each, titled ‘Learning to Handle Change’. All collectors are eligible to receive a signed print
— Drift (@DrifterShoots)
11:30 PM • Nov 8, 2022
Meta and Instagram have been steadily rolling out NFT integration – and this week saw a landmark event.
@DrifterShoots became the first artist to mint and sell an NFT directly on Instagram.
The "Instagram digital collectible" lives on Polygon and can be purchased via Apply pay (not with crypto).
The thread at the center of it all
As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of .
— Binance (@binance)
9:00 PM • Nov 9, 2022
It's impossible to sum up the entire FTX saga in a single thread, so here's one from the center of it all, via @binance.
After a bank run, plunging coin value, and serious rumors of insolvency, FTX made a surprise acquisition deal with their rival exchange.
For a day or so, it looked like one of the (previously!) most-trusted names in web3 was saved – then, after some due diligence, the full horror of FTX's accounts was revealed, and the deal was off.
Can you give me the story so far?
Late on Friday night, we learned of a backdoor in FTX's software that allowed SPF to transfer unlimited customer funds into his trading firm, without setting off internal alarms.
and, news broke of a multi-million dollar hack, as well as a private jet linked to SBF making its way down to Argentina!
Jesus Mary and the wee donkey, what a shit show...
Some self-care advice
There are opportunities everywhere in this market to make tonnes of money.
During volatile periods, the number of opportunities increase.
The possibilities for LOSING lots of money increase, too.
Take some time to really think before you act.
Here are 5 things *not*to do:
— Zeneca (🔮,🔥) (@Zeneca_33)
5:05 AM • Nov 11, 2022
Even in the best of times, the word "stable" doesn't apply to crypto markets.
But when big news hits and things get especially volatile, try to create some distance between the charts and your mental health.
Follow these 5 Don'ts from @Zeneca_33, and you should find it easier to stay ...zen.
👋👋
Tweet of the day
BLUE CHECK INVASION
— beeple (@beeple)
4:58 AM • Nov 11, 2022
Interested in teaching, sharing, announcing, analyzing, discussing, or just having fun across web3? We want to hear from you!
Tweet us @DecentraDaily & say hi!