Disclaimer: The information provided in this newsletter is for general informational purposes only and should not be construed as financial, investment, or other professional advice. Any reliance you place on the information provided is strictly at your own risk. Do your own research.
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The long-awaited "Shapella" upgrade for Ethereum has been officially launched on the mainnet!
As Cointelegraph states, "One of the expected effects of the Shapella update is the onboarding of more institutional investors to Ethereum. Freddy Zwanzger, Ethereum ecosystem lead at Blockdaemon, foresees that there may be more interest in ETH staking opportunities from larger investors since there’s a clear withdrawal option in place now."
Read the full article 👇
The State of Crypto report by a16z
The April 2023 State of Crypto report by a16z Crypto discusses the following key points:
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The cryptocurrency industry is poised for growth despite market corrections, thanks to increased interest from institutional investors and corporations.
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Decentralized finance (DeFi) will continue to mature, attracting more mainstream users and becoming more accessible.
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Non-fungible tokens (NFTs) will gain further traction as industries digitize ownership and enhance digital asset value.
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Increased regulation and compliance requirements will emerge as the industry grows and attracts institutional investors.
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Layer 2 scaling solutions, such as sidechains and payment channels, are vital for improving blockchain network scalability and usability.
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The industry will prioritise sustainability, focusing on renewable energy and reducing carbon footprints.
Read the full report here
Uniswap mobile app is finally available on AppStore
Apple took a month to assess Uniswap's mobile app before approving it and adding it to the iOS app store.
According to a tweet from Uniswap Labs on Thursday, users in "most countries"—including the United States (and Australia of course :) —can now access it. "We'll continue to launch in other countries as soon as Apple lets us," Uniswap assured.
Mastercard Free NFTs and introduces the Web3 Music Accelerator
The release of NFTs by Mastercard was announced on Wednesday at NFT.NYC in order to give Web3 musicians access to resources that would advance their careers. The Mastercard Music Pass NFT is a digital collectable that gives artists access to the Mastercard Artist Accelerator programme. It is free to mint and was created in collaboration with Polygon. The accelerator offers educational resources, AI technologies, and access to Web3 mentors including artist Latashá and Ledger Chief Experience Officer Ian Rodgers.
Read the full article 👇
Cadabra, an Ethereum photo NFT marketplace, will be launched by Canon USA.
The American division of the multinational Japanese company Canon has unveiled "Cadabra," a non-fungible token (NFT) market devoted to photographic art.
By connecting artists with passionate collectors who share their appreciation for these works of digital art, the Cadabra marketplace will empower creators to flourish.
Read the full article 👇
Goblintown Creator Trashes NFT Artwork, Disables Trading in Royalties Stand
This week, allegations have surfaced against Truth Labs, the originator of the Goblintown Ethereum NFT series, which gained significant attention when the NFT market faced a downturn last year. The company has been accused of deceiving its holders by converting all the artwork associated with the project into animated GIFs of a hand showing four middle fingers, indicating a lack of support for creators and building, and promoting flipping over community spirit. The NFTs now bear the words : "Fuck royalties. Fuck supporting building and creatives. Flipping is the heart of what makes Web3 special. Honor the flipper, fuck the community. Long live the slow rug" which have replaced the original content on all 10,000 NFTs.
Read the full article 👇
Nike Launches First NFT Digital Sneaker Collection
Nike has announced the release of its inaugural .Swoosh NFT digital sneaker drop, which features the "Our Force 1" collection. This collection is set to include numerous virtual pairs of the renowned Air Force 1 sneaker, potentially numbering in the hundreds of thousands.
Read the full article 👇
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Quick Hits
Crypto Protocol LayerZero Raises $120M at $3B Valuation
Celo Foundation and Google Cloud partner to support sustainable Web3 startups Coinbase Joins Fight Against Tornado Cash Ban
Japan Approves Web3 White Paper to Promote Industry Growth in the Country
QOD
"Bitcoin's greatest glory is not in never falling, but in rising every time it falls." Anonymous
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Disclaimer: The information provided in this newsletter is for general informational purposes only and should not be construed as financial, investment, or other professional advice. Any reliance you place on the information provided is strictly at your own risk. The content is not intended to be a substitute for professional advice or judgment and should not be relied upon for that purpose. NFTSYD makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the newsletter or the information, products, services, or related graphics contained in the newsletter for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will NFTSYD and its contributors be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this newsletter.