Hypemoon

@neonmoneyclub taps @jasonmayden to launch the “S.W.A.G” Playlist, reshaping the way you can invest in streetwear and fintech. With the collaborative drop, S.W.A.G offers a new source for grouping and organizing your stocks, similar to a playlist. In a single click of a button, members can own their own shares from the hottest brands and companies. Head to the link in bio for more details about NMC’s investment playlist. #HYPEMOON #sponsored

@tiffanyandco makes its #Web3 debut with NFTiff, an NFT exclusive to CryptoPunks holders. The collection is made up of 250 digital assets that grant holders access to a one-of-one example of their Punk in the form of a bespoke pendant. Launching on August 5, the pendants will be priced at 30 Ethereum or $51,000 USD.⁠ Video: Tiffany & Co.

Have you been keeping up with Web3 this week? Here’s a summary- First, Rick and Morty co-creator, @danharmon, has created a new animated comedy which will include an NFT collection that will grant holders cool perks. The series is the latest venture from FOX’s new blockchain creative studio. Next, The Solana Foundation has opened a physician retail and education space in NYC. People can visit to receive crypto education or buy Solana gear. And last, crypto exchange, Kraken, is under investigation for allegedly breaking U.S. sanctions. The exchange was allowing users in Iran to utilize the platform, despite sanctions prohibiting such usage. What are your thoughts? Let us know in the comments.

Here’s the most important Web3 news you might have missed this week- First, Tesla liquidated 75% of its Bitcoin holdings. CEO Elon Musk cited Covid-19 lockdowns in China for the decision, as well as wanting to maximize the company’s cash position. Next, Minecraft has banned all blockchain technology from the platform. Skins, worlds, and other in-game objects will not be allowed to become NFTs. The platform has no plans to implement blockchain in the future. And last, Dubai has announced a metaverse strategy that will prepare the country for the technology’s evolution. The country is planning on investing trillions into jobs and infrastructure in the coming decade. Did we miss anything? Let us know in the comments.

Welcome to #Tokenomics, the show where we dive into the background of well-known coins. On this week's episode, we're covering popular ERC-20 token, Wrapped Bitcoin. Bitcoin and Ethereum operate on separate blockchains and cannot interact with one another. “Wrapping” your Bitcoin as an ERC-20 token allows you to interact with the Ethereum blockchain and all of its DApps. Have you ever wrapped your Bitcoin?

Here’s the most important Web3 news you might have missed this week - First, Twitter has sued Elon Musk for backing out of the $44 billion acquisition deal. Musk argues that the social network hasn’t been transparent with the number of spam accounts on the platform. Either party could be responsible for a $1 billion USD breakup fee. Next, Celsius filed for chapter 11 bankruptcy. This move comes swiftly after the platform began freezing user withdrawals. This is just one of the many platforms suffering from this extended bear market period known as “Crypto Winter”. And finally, Animoca Brands has raised $75.3 million USD in funding, bringing its total value up to $5.5 billion USD. The company plans on heavily investing the new round of capital into its metaverse gaming initiatives. That’s all for this week, let us know your thoughts in the comments.

Here’s the most important Web3 news you might have missed this week. Yuga Labs has finished a stress test of its Otherside Metaverse. 2,500 users beta-tested the new platform and reported bugs to developers ahead of its scheduled July 16th release. Next, FTX purchased BlockFi for $240m USD. BlockFi was waiting for a loan repayment from 3AC, which defaulted and was forced to liquidate its assets last week. BlockFi’s CEO said that the acquisition was necessary to protect user funds. And finally, Binance is offering zero-fee Bitcoin trading in an attempt to stay competitive in the market. The exchange also named Paypal’s former CFO and COO, Jasmine Lee, as their new CFO. Did we miss anything? Let us know in the comments.

This week's #Tokenomics features the popular smart contract platform, Solana and its native crypto token, SOL. Solana is best known for its incredibly fast transaction speeds, as well as its utilization of the proof-of-history (PoH) consensus method. Solana is one of many smart contract platforms that actively competes against the Ethereum blockchain for decentralized apps (Dapps). Have something more to say about Solana? Let us know in the comments and tag @hypemoon.

Here’s what you missed in Web3 this week. BAYC’s parent company, Yuga Labs, is suing Los Angeles-based artist, Ryder Ripps, for copyright infringement on BAYC IP. Ripps argues that his art is a form of parody and protest. Next, the Axie Infinity Ronin Bridge is back online after being taken down following March’s hack which compromised $622 million USD. The bridge has been launched with stronger security measures to ensure an exploit does not happen again in the future. And finally, 3AC has been ordered to liquidate their assets after defaulting on a loan to Voyager Digital. The loan comprised of 15,250 Bitcoin, $350 million USD, and USD Coin. What did we miss? Let us know in the comments.

Here’s the most important Web3 news you might have missed this week- First, Pharrell Williams has been appointed Chief Brand Officer of Doodles. He will be collaborating with the NFT project on a new album called “Doodles Records: Volume 1”. Next, Bitcoin mining is no-longer profitable due to the bear market. Data shows that the majority of miners are selling their Bitcoin in order to cover the cost of hardware and electricity. And finally, eBay is leaning further into Web3 by purchasing NFT marketplace, KnownOrigin. It is unclear if they will combine the marketplace with their traditional business model or keep it separate. That’s all for this week, don’t forget to follow us here at Hypemoon for more Web3 news.