NFTPILL TL;DR #021 ◕‿◕ )づ Navigate the tempest of Web3 with an incisive, curated newsletter.

by Simo

Welcome to NFTSYD Pills #21! Your curated guide to the best of Web3, simplified. High-quality information made digestible.

*NFTSYD Pills #21 proudly introduces our official partnership with Not Another Virtual s hackathon (NAVH) by Consensys. 🤝 NFTSYD & NAVH: A collaboration that celebrates web3 innovators with a $115,500 prize pool and enriching workshops. Together, we're fostering innovation and collaboration in the web3 space.

Whether you're a crypto expert or a newcomer, join us in shaping the future of web3 through this exciting partnership.

Your guide to the best of the Web3 universe just got even better, let's dive in!

🏄‍♂️ Hurley Rides Web3 Wave with Hurleyverse

Beach sports brand Hurley is making waves in the digital world with the announcement of Hurleyverse and the Hurley Super Surfer Game. Embracing the synergy between gaming and blockchain technology, Hurley is launching surf-ready sloth avatars inspired by top-tier surfing athletes as NFT digital collectibles. These avatars offer performance advantages and exclusive styles in the game. Scheduled for release on August 30th, the game invites players to surf virtual waves, dodge sea monsters, and collect Hurley Sand Dollars. Hurley's integration of Web3 technology signifies a new era of customer interaction and loyalty through blockchain and gaming.

🎮 Amazon Prime Partners with Mojo Melee for Free NFTs

Mojo Melee, an NFT game built on the Ethereum scaling network Polygon, has teamed up with Amazon to offer free NFTs to Amazon Prime subscribers. The first offering includes an NFT for the champion character Gwyn Rockhopper and 885 Ore, a non-crypto in-game currency. The Amazon deal will last six months, with monthly drops of free in-game NFTs and other content. Mojo Melee puts a casual spin on the "auto battler" genre, combining elements of chess and real-time strategy games. This partnership reflects Amazon's growing interest in the NFT space and its potential plans to launch its own NFT marketplace.

🚀 Nifty's Shuts Down: A Web3 Creator's Portal Comes to an End

Nifty's, a social network turned Web3 creators portal backed by prominent businessmen like Mark Cuban and Joe Lubin, has announced its shutdown. Despite raising $10 million and collaborating with big names like Warner Bros. to offer NFTs based on "Space Jam," "The Matrix," and "Game of Thrones," the platform faced challenges. With limited resources in a difficult market, Nifty's pivoted to developing a platform for Web3 creators but failed to attract additional backers. The company expressed gratitude to its partners, investors, and community, emphasizing its belief in the power of digital ownership and the future of Web3.

🌿 Hyundai Motor and Kia to Introduce Blockchain-based Carbon Emission Monitoring System

Description: Hyundai Motor Company and Kia Corporation have introduced an AI-enabled, blockchain-based Supplier CO2 Emission Monitoring System (SCEMS) to manage the carbon emissions of their cooperative business partners. The system computes carbon emissions at every stage of the supply chain, ensuring data transparency and integrity. By leveraging AI and high-performance blockchain technology, the system allows business partners to efficiently monitor and manage carbon emissions. This innovative approach aims to tackle climate change by meeting environmental regulations and establishing sustainable supply chains. It's a significant step in promoting sustainability in the automotive industry and reaffirms Hyundai and Kia's commitment to addressing climate change.

🐊 Lacoste's New Virtual Store Offers Exclusive Perks for Ethereum NFT Holders

DApparel brand Lacoste has unveiled a new virtual store for the summer, offering an immersive shopping experience with exclusive elements for holders of Lacoste’s UNDW3 NFT passes. Created by retail technology developer Emperia, the digital store combines traditional retail with a unique underwater VIP space accessible only to UNDW3 token holders on Ethereum. The VIP space offers an exclusive UNDW3 apparel collection, each physical garment accompanied by a digital twin as an NFT. The virtual store also features augmented reality features and a crocodile-themed scavenger hunt game. This innovative approach connects virtual and physical retail, reflecting Lacoste's advanced view of e-commerce and customer loyalty.

🏎️ Rev Up Your Racing Experience: Haas x RENGA Racing Collection Unveiled!

The Haas x RENGA Racing Collection offers an adrenaline-pumping experience for motorsport enthusiasts. This exclusive collection provides lucky holders with a chance to win authentic MoneyGram Haas F1 Team Driver firesuits, full-size replica racing helmets, undersuit tops, and more. Fans can also enjoy a virtual meet & greet session, see their name on the Haas VF-23 car during a race weekend, and own special edition signed hats. The collection showcases the fusion of art, technology, and innovation, making it a must-have for racing fans and NFT enthusiasts alike.

🔄 DeGods Ditch Polygon, Moving y00ts to Ethereum and Returning $3 Million Grant

DeGods, a prominent NFT project on Solana, has announced a significant shift in its operations. In a surprising Christmas revelation, DeLabs founder Rohun "Frank" Vora disclosed that DeGods NFTs would be "bridged" over to Ethereum. This move comes after a series of unexpected twists from the project, including upgrading its artwork and buying majority control of a BIG3 basketball team. The decision to leave Polygon and return to Ethereum reflects the dynamic and ever-evolving nature of the NFT space.

🌐 The State of Web3 Growth & Tech in 2023

The Safary Club presents an insightful report on the state of Web3 Growth & Tech in 2023. This comprehensive guide delves into the latest trends, innovations, and challenges shaping the decentralized web. From the rise of decentralized finance (DeFi) to the proliferation of NFTs, the report offers a panoramic view of the Web3 ecosystem. It also highlights key players, emerging technologies, and potential growth areas, providing readers with a roadmap to navigate the complex and rapidly evolving world of Web3.

💵 PayPal Launches US Dollar Stablecoin

Description: PayPal has announced the launch of its US Dollar Stablecoin, a significant move in the digital currency space. This stablecoin is designed to provide users with a secure and efficient way to transact in digital dollars, backed 1:1 with US dollars. The launch is part of PayPal's broader strategy to drive the adoption of digital currencies and enhance the utility of digital wallets. By offering a stablecoin, PayPal aims to provide a seamless experience for users, enabling them to easily convert, send, and spend digital dollars. This initiative reflects PayPal's commitment to innovation and its vision for the future of digital finance.

🚀 VCs Fully Out of MakerDAO: A Bullish Sign

A tweet by Gabriel Shapiro, known as _gabrielShapir0 on Twitter, highlights that venture capital firms are fully out of MakerDAO, describing the situation as "bullish." The tweet refers to the recent selling of the last MakerDAO balances by a16z, a significant event for Maker bulls. With a16z, Paradigm, and Dragonfly running out of tokens to sell, the tweet provides insights into when, how much, and how profitably they sold. This development is seen as a positive sign for MakerDAO, potentially indicating increased decentralization and reduced influence by large investors.

🎵 Welcome to Sessions Vol. 1: A New Series from Songcamp

Description: Songcamp has announced "Sessions Vol. 1," a new series of releases from the Songcamp community. The tweet, accompanied by a video teaser, marks the beginning of an exciting new chapter for the platform. Songcamp is known for fostering collaboration and creativity among musicians, and this new series promises to showcase the diverse talents within the community. It's a celebration of music, collaboration, and the vibrant energy that defines Songcamp.

💰 Introducing Protocol Rewards on Zora

Zora has introduced Protocol Rewards, allowing creators and developers to earn on-chain rewards on the platform. The rewards are made possible by Zora's Mint Fee, which is now automatically split across creators and developers. This innovative approach aligns with the growing trend of decentralized finance and offers a new avenue for artists and developers to monetize their work within the blockchain ecosystem. It's a significant step forward in recognizing and rewarding creative contributions in the digital space.

🚫 Kenya Suspends Worldcoin Operations Amid Privacy Concerns

Kenya's interior ministry has suspended the cryptocurrency project Worldcoin, citing concerns over public safety. The project, co-founded by OpenAI's CEO Sam Altman, scans human irises to provide individuals with a digital passport, known as World IDs. Despite over 2 million sign-ups worldwide, the legality of this data collection has raised eyebrows, particularly regarding the storage of such sensitive biometric data. European regulators have also intensified scrutiny of Worldcoin, with France, Germany, and the UK initiating investigations. The suspension in Kenya will persist until relevant agencies can assess and certify the project as risk-free.

🔒 Curve Finance Recovers 70% of Hacked Funds: A Positive Turn

Curve Finance, a decentralized exchange, has recovered 70% of the funds lost in a recent hacking incident, amounting to about $50 million. The remaining funds are still under active investigation. The recovery was made possible through direct returns by multiple hackers involved and assistance from ethical operators of MEV bots. Curve has also announced a $1.85 million bounty for anyone who can identify the attackers with the remaining funds. The hack, which occurred on July 30, led to a loss of $73.5 million across multiple projects within Curve's factory pools. The recovery alleviates concerns for users and stakeholders and demonstrates the resilience of the platform.

💼 MicroStrategy Made Largest Bitcoin Purchase Since 2021 in Q2 2023 Amid Slight Revenue Decrease

Business intelligence firm MicroStrategy has announced its largest Bitcoin purchase since 2021 during Q2 2023. The details of the acquisition and its impact on the company's revenue are not publicly available, as the information is behind a paywall. MicroStrategy has been known for its significant investments in Bitcoin, and this latest purchase indicates a continued commitment to the cryptocurrency. Further details may be available on the original website for those with access.

If you're interested, you can support this project and future releases by minting the issue or the NFT below. All proceeds will be used for the benefit of our local and global community.



If you have a garden and a library, you have everything you need.”-- M.T.Cicero

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.

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