Renaissance Labs Report #5

May 10th, 2022

📌 Featured: Surviving Crypto Cycles by Paradigm

“As co-founder of Coinbase through 3 prior market cycles (2011, 2013, and 2017), I’ve experienced these euphoric highs before. I’ve also experienced the communal despair and disillusionment that have followed. Below are some observations and learnings I’ve taken from living through these past crypto cycles.

I share them with the hope they help you, your team, and your community prepare for whatever is ahead, so that you can avoid potential pitfalls and maximize your chances of success.”

Surviving Crypto Cycles

How to survive a crypto cycle.

www.paradigm.xyz

📍Abstracts:

🖼 NFT + IRL

Transactions involving NFTs hit an all-time high in 2022 Q1.
Doodles hired a new CEO: Billboard executive Julian Holguin.

United Kingdom’s Supreme Court has officially recognized NFTs as property.
Starbucks plans to launch an NFT collection and its own Web3 platform.
Is Coinbase’s NFT Marketplace underperforming?
OpenSea now accepts $APE.

🌐 Metaverse

Yuga Labs raised $300M from their land sale. Secondary sales hit a volume of $561M in 24 hours.
Beeple: Next Era of NFTs Will Focus on 'Emotional Connection and Utility'.
Will NFTs democratize imagination? VR artist Joshua Skirtich think so:

NFTs Can ‘Democratize Imagination,’ Says VR Metaverse Sculptor - Decrypt

Artist Joshua Skirtich sold nearly everything he owned to focus on creating art for the metaverse, starting with his Jenesis NFT…

decrypt.co