Welcome to NFTSYD Pills Edition #29! Your fortnightly snapshot of the finest in Web3 for you. Quality insights made digestible.
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Whether you're an expert or a newcomer, there's something for you.Your guide to the best of the Web3 universe just got even better, let's dive in!
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.
Note to Readers: If you come across unfamiliar terms in this newsletter, don't worry! We've got you covered with the free dictionary from NFTedu. It's a comprehensive resource to help you understand the jargon and concepts in the world of NFTs. Access it here: NFTedu Dictionary
TABLE OF CONTENTS
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🚀 Elon Musk's Bold Response to Advertisers
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👠 Tod's Joins Aura Blockchain Consortium
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🎗️ American Cancer Society Embraces Web3 for Cancer Research
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👟 Nike's Futuristic Sneaker Drop with NFTs
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🐻 Okay Bears co-branded T-shirts with Zara
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🎮 Bored Apes: A Musical Adventure in Roblox
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🆔 Frank's Vision for a Unified Identity System on X
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🎮 Matr1x Fire: Revolutionizing Mobile Gaming with NFTs
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🎈 Cool Cats: Soaring High in Macy's Parade
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🍕 Papa John's NFT Hot Bags: A Slice of Innovation
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🎵 Songcamp C4: Unleashing Musical Creativity in Web3
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💼 Magic Eden's Innovative Wallet for Cross-Chain Collectors
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🪙 Portal: The Universal Gaming Coin
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📅 2024 Ethereum Events: A Comprehensive Guide
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🖼️ RARI Chain: Empowering Creators with Built-in Royalties
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🌐 Farcaster: Revolutionizing Social Media with Permissionless Identity
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🏦 Bitski Wallet as a Service
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💹 Blast's Remarkable Growth in DeFi
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📉 Binance Announces Removal of BUSD and Conversion to FDUSD
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⚽ Cristiano Ronaldo's Legal Challenge with Binance
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💥 Ethereum's Layer-2 Blast: Paradigm's Concerns and User Excitement
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🎥 Pika AI: Revolutionizing Video Creation with AI
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🕶️ Samsung Glasses: The Future of XR Wearable Tech?
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🤖 Democratizing AI with Web3
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🌐 Vitalik Buterin's Techno-Optimism
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💎 Krea AI: Live Painting, Logo, and Create Illusion
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🔥 TITLES AI-powered creative tool
🚀 Elon Musk's Bold Response to Advertisers
In a recent development, Elon Musk, the owner of X (formerly Twitter), has made a striking statement to companies withdrawing their advertisements from the platform. This move comes in response to Musk's endorsement of a post deemed anti-Semitic. Musk's unfiltered message to these companies was blunt and direct: "Go f--- yourself." This bold stance has stirred significant attention and debate, highlighting the ongoing tension between social media platforms and advertising dynamics. The incident underscores the complexities and challenges faced by social media giants in balancing freedom of expression, corporate interests, and societal norms. Musk's approach, as always, remains unconventional and provocative, sparking discussions about the future of advertising and content moderation on social media platforms.
🌐 Tod's Joins Aura Blockchain Consortium
Tod's, the renowned Italian luxury brand, has recently joined the Aura Blockchain Consortium, a non-profit association established by industry giants like LVMH, Mercedes-Benz, OTB Group, Prada Group, and Cartier. This strategic move allows Tod's to leverage the Consortium’s Digital Product Passport (DPP) technology, enhancing customer experience with an added layer of authenticity and transparency. The first product to benefit from this technology is Tod’s Custom Di Bag, which will feature a digital product passport providing ownership certificates and detailed information about the product's lifecycle, including sustainability certifications. This initiative not only elevates the customer experience but also opens new strategic opportunities for Tod's in the realm of blockchain technology.
🎗️American Cancer Society Embraces Web3 for Cancer Research
The American Cancer Society (ACS) has taken a significant step into the decentralized world of Web3 by partnering with Gitcoin, a leader in open-source funding. This collaboration marks a new era for ACS, as it utilizes Gitcoin's expertise to enhance its ACS Cares program and the Crisis Response Fund. Donations through this initiative will support groundbreaking cancer research, health equity initiatives, and patient support programs. This venture is a unique blend of technology and philanthropy, where blockchain's potential is harnessed for impactful healthcare outcomes. It represents a continuation of the trend of non-profit organizations like UNICEF, now followed by ACS, leveraging decentralized open-source funding for their mission-driven endeavors.
👟 Nike's Futuristic Sneaker Drop with NFTs
Nike, in collaboration with RTFKT, has launched a futuristic sneaker line, blending physical fashion with digital innovation. The Nike x RTFKT Dunk Genesis sneakers, available for public pre-sale, don't require owning an RTFKT NFT for purchase. Priced at $222, these sneakers come with unique features like a Vial Clip Tongue and Modular Heel Shield, allowing for customization. Additionally, they are linked to NFTs through an embedded NFC chip, offering a digital collectible alongside the physical product. This initiative represents a bold step into the future of fashion, where the lines between physical and digital realms blur, offering a unique, interactive experience for sneaker enthusiasts and digital collectors alike.
🐻 Okay Bears co-branded T-shirts with Zara
Okay Bears, now available worldwide in 1,149 stores across 74 countries.
🐵 Bored Apes: A Musical Adventure in Roblox
Kingship, a virtual supergroup created by Universal Music Group's 10:22PM label, featuring Bored Ape Yacht Club NFT avatars, has launched an interactive world on Roblox. In the Kingship Islands game, players embark on a quest to unite the band members, earning free in-game items and avatar emotes. The game leverages Roblox's facial animation technology for animated avatar accessories and Kingship-themed emotes, available for purchase. Holders of the Kingship Key Card, an Ethereum NFT pass, gain special perks like Roblox badges and Floating Villa access. Kingship, inspired by the virtual band Gorillaz, is working with Grammy-winning producers Hit-Boy and James Fauntleroy to develop music for the fictional band. This initiative marks a unique blend of NFTs, music, and gaming, offering an immersive experience in the metaverse.
Frank's Vision for a Unified Identity System on X 🌐🔗
Frank, a prominent figure in the digital identity space, has taken to X (formerly Twitter) to announce the development of de[id], an innovative identity system. This system aims to seamlessly integrate both on-chain and off-chain activity history, creating a comprehensive digital identity profile. Key features of de[id] include tracking join dates, merchandise purchases, event attendance, contributions, and much more. This initiative represents a significant step forward in the evolution of digital identity, offering a more holistic and interconnected view of individuals' digital footprints. Frank's vision for de[id] is to provide a robust and versatile platform that captures the full spectrum of a user's digital interactions, paving the way for a more connected and transparent digital world.
🎮 Matr1x Fire: Revolutionizing Mobile Gaming with NFTs
Matr1x, a Singapore-based NFT gaming company, has secured an additional $10 million in funding, bringing its total venture capital to $20 million. This investment, led by Folius Ventures and SevenX, propels the development of Matr1x Fire, a first-person shooter game for mobile devices. The game, still in development, promises a unique blend of traditional gaming and NFT elements. Unlike other shooters, Matr1x Fire focuses on gunplay and strategy rather than special powers or skills, setting it apart in the mobile gaming market. The studio also plans to release a third NFT collection, offering governance access and revenue sharing in its creator economy, along with an upgradeable battle pet. This move signifies a significant step in the evolution of mobile gaming, integrating blockchain technology to create a more immersive and interactive experience for players.
🐱Cool Cats: Soaring High in Macy's Parade
The NFT collection Cool Cats has made a spectacular entry into the Macy's Thanksgiving Day Parade, joining the ranks of iconic characters like Pikachu and Ronald McDonald. The parade featured a balloon of the collection's main character, Blue Cat, and the milk carton Chugs, coinciding with the launch of a new YouTube Shorts series, "The Milk Chug". In a unique blend of physical and digital worlds, a limited-edition Cool Cats hoodie, complete with an NFC tag linked to an Azuki physical backed token, was also released, allowing wearers to showcase their style both in real life and in Cool Cats' digital avatar system. Cool Cats, created by artist Colin 'Clon' Egan, has evolved from Instagram art to a prominent NFT collection, with 9,999 Blue Cat PFPs. Despite market fluctuations, the collection continues to innovate, expanding to multiple blockchain networks and venturing into gaming, marking a significant milestone in the NFT space.
🎨Papa John's NFT Hot Bags: A Slice of Innovation
Papa John's International, in collaboration with Highlight PR, has clinched the NFT of the Year at The Drum Awards for Metaverse. This accolade celebrates their innovative 2022 campaign, which brilliantly merged the world of NFTs with their 'Papa X Cheddar' campaign. The strategy focused on Gen Z, aiming to elevate Cheddar as a premium ingredient through a unique metaverse accessory – the NFT Hot Bag. The campaign involved creating nine distinctive NFT designs inspired by Papa John's pizza delivery hot bag, minted on the energy-efficient Tezos blockchain. Additionally, real-world bags mirroring the NFT designs were produced for the PR campaign. The NFTs were offered for free with the purchase of a Cheddar pizza, leading to a massive giveaway of 39,680 NFTs in over 150 countries. This campaign not only generated about $1 million in incremental sales but also attracted 54,000 new Gen Z customers globally. The integration of NFTs into the campaign exceeded both commercial and creative objectives, showcasing Papa John's as a forward-thinking brand in the eyes of the emerging Gen Z market.
🎵 Songcamp C4: Unleashing Musical Creativity in Web3
Songcamp, a pioneer in Web3 music, is set to release its Camp 4 Collection, known as “C4”. This innovative project brings together 15 talented musicians for a three-week songwriting camp, resulting in five incredible songs. The C4 EP will be released on streaming platforms and onchain, showcasing a unique blend of music and technology. Songcamp's approach includes a custom tech stack for a novel listening and minting experience, reminiscent of burning CDs in the 1990s. Each CD, an ERC-721 token, can be minted and inscribed with a song from the C4 collection, transforming into a unique art piece. This release not only highlights the creative potential of Web3 music but also offers a nostalgic yet futuristic experience for music enthusiasts.
🪄Magic Eden's Innovative Wallet for Cross-Chain Collectors
Magic Eden, a prominent player in the NFT space, has announced the beta launch of its new wallet, specifically designed for Magic Eden users and cross-chain collectors. This wallet aims to provide a seamless and user-friendly experience for managing digital assets across different blockchains. Currently available to a select group of early testers, the Magic Eden Wallet is poised to revolutionize the way collectors interact with NFTs and cross-chain assets. Interested users can join the waiting list by downloading the extension and registering their email. This development marks a significant step towards simplifying and enhancing the cross-chain NFT experience, reflecting Magic Eden's commitment to innovation and user-centric solutions in the digital asset space.
🎮 Portal: The Universal Gaming Coin
Portal introduces a groundbreaking concept in the gaming world with its universal gaming coin, $portal. Designed to bridge the gap in an increasingly fragmented gaming ecosystem, $portal serves as a cross-chain gaming coin, seamlessly connecting different gaming worlds and platforms. This initiative aims to provide gamers with effortless access to over 200 games across various genres and platforms, fostering a more unified and accessible gaming experience. Portal's vision extends beyond just a currency; it's about creating a comprehensive gaming universe where players can enjoy effortless payments, manage all their game items in one place, and connect with friends across different gaming platforms. With Portal, the future of gaming is not just about playing games; it's about creating a connected, inclusive, and versatile gaming community.
📅2024 Ethereum Events: A Comprehensive Guide
This comprehensive spreadsheet provides a detailed overview of Ethereum events scheduled for 2024. It's a valuable resource for anyone interested in the Ethereum community, offering information on event dates, locations, and relevant links. The document is collaboratively maintained, ensuring up-to-date and accurate information. Whether you're a developer, investor, or enthusiast, this guide is an essential tool for keeping track of key Ethereum events worldwide.
💰RARI Chain: Empowering Creators with Built-in Royalties
🔐 Farcaster: Revolutionizing Social Media with Permissionless Identity
This article delves into Farcaster, a promising crypto consumer app exemplifying permissionless identity. Farcaster, built on Ethereum, uses a distributed gossip network for message storage, offering a unique approach to social media. It allows users to link multiple Ethereum addresses to their Farcaster ID, displaying NFTs on profiles and fostering genuine social connections. The platform's open data approach, demonstrated by integrations like Dune Analytics, offers unprecedented transparency and analytics. Farcaster's ecosystem includes interconnected apps like Paragraph.xyz and Bountycaster, enhancing user experience and trust. This article highlights Farcaster's potential to redefine social networking, emphasizing the importance of permissionless identity in the web3 era.
🛠️ Bitski Wallet as a Service
Bitski introduces its Wallet as a Service Platform, a game-changer for Fortune 500 brands, games, and organizations. This innovative platform, powered by Account Abstraction, addresses the onboarding challenges in the Web3 ecosystem. It offers a seamless wallet journey, including wallet creation, in-app experiences, and a transition to self-custody. Key features include Invisible Onboarding, Wallet Experience APIs, and a safe path to Offboard to Self Custody. Bitski's approach combines robust security with user-friendly experiences, making it a standout choice for both developers and users in the Web3 space.
💹 Blast's Remarkable Growth in DeFi
Blast, a rising star in the decentralized finance (DeFi) sector, has achieved a significant milestone, amassing $570 million in Total Value Locked (TVL) in just one week. This rapid growth highlights the platform's strong appeal, with over 63,948 community members now actively earning yields on their investments, approximately 4% for Ethereum (ETH) and 5% for stablecoins, along with Blast Points. The platform has also seen a surge in developer interest since its launch, indicating a robust and growing ecosystem. As Blast continues its journey towards Mainnet, it promises more exciting updates and opportunities for developers, further cementing its position as a key player in the DeFi landscape.
Binance Announces Removal of BUSD and Conversion to FDUSD 🔄💰
Binance, a leading cryptocurrency exchange, has announced significant changes regarding BUSD (Binance USD), a stablecoin. Key details include:
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Ceasing BUSD Support: Due to Paxos halting the minting of new BUSD, Binance will stop supporting BUSD products from December 15, 2023.
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1:1 Backing by USD: Paxos assures that BUSD will always be backed 1:1 by USD and remain redeemable through at least February 2024.
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Conversion to FDUSD: Users are encouraged to withdraw or convert their BUSD to other assets or FDUSD (a different stablecoin) on Binance before December 15, 2023, at zero trading fees.
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Automatic Conversion for Remaining BUSD: From December 31, 2023, BUSD withdrawals will be disabled, and remaining BUSD balances will be automatically converted to FDUSD at a 1:1 rate (except for users in certain countries).
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Changes in Trading Pairs: Binance will remove several BUSD trading pairs in stages, starting from December 11, 2023.
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Impact on Other Binance Services: The changes will affect various services like Spot Trading, Futures, Margin, Deposits, Withdrawals, Conversions, Loans, Earn, Card, Pay, and Gift Card.
⚽ Cristiano Ronaldo's Legal Challenge with Binance
Soccer superstar Cristiano Ronaldo is embroiled in a class-action lawsuit, filed in a Florida District Court, over his promotion of Binance. The lawsuit alleges that Ronaldo's endorsement led to financial losses for investors, as they were influenced to invest in Binance's offerings, including what are claimed to be unregistered securities. This legal challenge highlights the complexities and risks associated with celebrity endorsements in the cryptocurrency space. Ronaldo's massive social media influence, with 850 million followers, significantly boosted Binance's popularity, but now raises questions about the responsibilities and legal implications of such promotional activities.
🌐Ethereum's Layer-2 Blast: Paradigm's Concerns and User Excitement
The Ethereum layer-2 scaling network, Blast, has garnered both excitement and controversy with over $535 million locked in by users. Paradigm, an early investor, expressed concerns about Blast's launch tactics, particularly the decision to launch the bridge before the Layer-2 network and the three-month withdrawal restriction. Despite these concerns, the network's promise of native yield for Ethereum and stablecoins has attracted significant user interest. The network's approach, including a rewards system similar to that of the NFT marketplace Blur, has led to debates within the crypto community. Some label it as a Ponzi scheme due to its rewards and referral model, while others see it as an innovative step in decentralized finance. The network's founder, Tieshun Roquerre, has addressed these criticisms, emphasizing the legitimate sources of yield and Paradigm's lack of involvement in the rollout plans. Paradigm's stance reflects a broader conversation about best practices and responsible innovation in the crypto space.
🤖Pika AI: Revolutionizing Video Creation with AI
Pika Labs has launched its AI video generation tool, Pika 1.0, marking a significant milestone in the AI and video production landscape. Emerging from beta just six months after its inception, Pika 1.0 is designed to democratize video production, enabling users to become their own video directors. The tool offers innovative features like Text-to-Video, Image-to-Video, and Video-to-Video conversions, allowing users to transform and enhance videos in various styles, including 3D animation, anime, cartoon, and cinematic. With a growing community of half a million users, Pika has tapped into the demand for accessible video creation tools. The launch also includes a new web experience, making the tool accessible on both Discord and web platforms. Pika's advancements have garnered praise from influential figures in the crypto space and reflect the growing interest in AI-driven technologies in the NFT market. The company's recent $55 million funding round, led by Lightspeed Venture Partners, underscores the industry's confidence in Pika's vision and technology, positioning it as a key player in the AI video generation market.
🕶️Samsung Glasses: The Future of XR Wearable Tech?
Samsung is gearing up to launch its XR "Samsung Glasses" in late 2024, marking a significant return to the wearable tech market. These glasses, expected to be powered by Qualcomm's XR chipset, aim to lead in virtual reality (VR), augmented reality (AR), and mixed reality (MR). With an initial production of 30,000 units, Samsung is positioning itself as a direct competitor to Apple's Vision Pro. This move signifies a strategic shift for Samsung, intensifying its rivalry with Apple and potentially setting new trends in the wearable tech industry. The launch of Samsung Glasses is more than just a product release; it's a glimpse into the future of technology and a new chapter in the wearable tech saga.
🙌Democratizing AI with Web3
Jake Brukhman, a thought leader in the blockchain and AI space, shares his insights on how web3 can democratize artificial intelligence. He outlines several key areas where web3 can make a significant impact:
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Enabling Free GPU Compute Marketplaces: Facilitating open and competitive markets for GPU computing power.
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Decentralizing AI Training: Promoting crowdfunding, open model development, and mutualized ownership.
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Integrating AI with Smart Contracts: Making decentralized model inference accessible for smart contract applications.
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Collaborative AI Data Handling: Creating web3-enabled databases for AI-relevant data, such as vector embeddings.
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Data Provenance and Fair Compensation: Ensuring data creators are fairly compensated in open data markets.
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Distributed Governance for AI: Establishing open, public models for governing AI processes and models.
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Open-Source AI Productization: Encouraging the development of AI in an open-source manner.
🌍Vitalik Buterin's Techno-Optimism
Vitalik Buterin, the co-founder of Ethereum, shares his perspective on techno-optimism. He discusses the importance of technology in solving global challenges and improving the human condition. Key points include:
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Technology as a Solution: Emphasizing the role of technology in addressing critical issues like climate change, health, and economic inequality.
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Balancing Optimism and Realism: Acknowledging the challenges and limitations of technology while maintaining a hopeful outlook.
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Collaborative Efforts: Highlighting the need for collective action and collaboration among technologists, policymakers, and the public.
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Ethical Considerations: Stressing the importance of ethical considerations in technological development and deployment.
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Future Visions: Exploring potential future scenarios and the impact of emerging technologies on society.
💎 TOOL
Selected tools
💎 Krea AI: Live Painting, Logo, and Create Illusion
Krea AI represents a groundbreaking advancement in creative technology, providing a platform where users can effortlessly create premium visuals. Tailored to align with individual styles, ideas, or products, this AI tool marks a significant milestone in the AI technology field. It offers an unrestricted realm of creativity, setting a new standard for innovation in the industry.
🔥 TITLES AI-powered creative tool
Get early access to Source, an AI-powered creative tool for remixing your favorite NFTs into memes, art, and more.
QOD
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Disclaimer: The information provided in this newsletter is for general informational purposes and entertainment 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.