NEWSLETTER-PILL003 mid-nov22
We know it's tough keeping up with everything that is going on in the Web3 space; that’s why at NFT Sydney, we strive to bring you the juiciest news through our newsletters. Stay in the loop by subscribing here.
The FTX Saga
Last week saw the collapse of the FTX exchange and the crypto tycoon Sam Bankman-Fried. It's a complex story involving significant financial losses, a bankruptcy filing, and possible federal inquiries. But the failure of FTX has also raised concerns that a bigger crypto moment of truth is imminent.
The crypto Twitter fam has documented this ongoing drama, providing valuable content.
Some of them include the Twitter space marathon, which included speakers of the calibre of Changpeng Zhao, commonly known as "CZ" who is a Chinese-Canadian business executive and co-founder and CEO of Binance (from 3:14:15).
*you can Listen here the recording *- hurry up before it will expire in 26 days.
Get some early insight from @Genevieve Roch-DecterRead them here
Read the guide made by our Aussie fren @Tom Mitchelhill*
Read it here*
or check the quick summary by @ShaanVP*
*Read it here
The saga is ever-evolving and it might take months to unroll and understand its effects and implications. We are all affected by this situation, and the crypto ecosystem is demanding support and cooperation like never before.
Here are 3 lessons gained from a very bad week in crypto by Dame
NFTFest is coming next week and is jam packed of speakers and events.
NFTfest was established in 2021 as an online-only event, this year the green team of NFTfest ( @rvchellecox, @GregOakford , *Steve Vallas) *is expanding their mission with a two days event in Melbourne.
NIKE's next big web3 move
Nike's moving fast in the web3 ecosystem and is one of the few companies making breakthroughs at the speed of light.
The Swoosh.Nike's new website is the focal point for Nike's web3 initiatives and has just been revealed.
If you wish to join the voyage, Nike, registration starts on 18 November.
As many have noticed, there is not a single mention of web3, NFT, or metaverse on this landing page, so take notice fren.
Additionally, the Nike team frequently used the phrases "community," "co-creation," and "creator" in the multiple news releases announcing this announcement.
FIFA and web3
FIFA has unveiled a collection of web3 games to entertain football enthusiasts in advance of the FIFA World Cup Qatar 2022.
It has granted licences to several projects, including the AI League football game Altered State Machine. Players take on the roles of owner and coach for their AI teams, attempting to improve players' skills and trade characters to find the ideal talent combinations.
The on-chain volume of Ethereum surges and surpasses that of Bitcoin
For the first time in more than a year, the 7-day moving average of adjusted on-chain volumes on Ethereum and Bitcoin reversed. According to the raw statistics, Ethereum pulled ahead between 7 November and 10 November, as well as on 13 November, with volume disparities above $1 billion.
Paying People to Participate in Governance
Getting people to vote is a challenge for both democracy and web3 governance.
@ahall_research, @a16zcrypto and @ethanbdm examined how projects may reward participants in a way that would be challenging in the real world but is made possible by blockchain.
Pill by @Simo
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