NFT Review 104 - a new revenue king?
NFT Review 104 - a new revenue king?
DeGods co-founder departs, Yuga Labs responds to OpenSea, Lufthansa launches NFT program, and more.
NFT Review is a weekly newsletter covering NFTs in the Web3 ecosystem on Polkadot’s side of the woods. The newsletter is put together by Bruno Škvorc and gbaci.
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Looking for a primer on NFTs? This should be the last introduction you’ll ever need.
Dear NFT enthusiast,
Just when you thought the decentralized social landscape had reached its peak, along comes Friend.tech, shattering expectations and setting new benchmarks for the crypto world. Launched less than two weeks ago, the decentralized social (DeSo) platform has already generated over $1 million in fees within a single day, leaving even established giants like Uniswap and the Bitcoin network trailing in its wake.
Built on Coinbase's layer-2 Base, Friend.tech isn't your run-of-the-mill social network. It allows users to tokenize their social connections, offering "shares" that enable direct messaging and create a whole new avenue for social interaction. With over 650,000 transactions and 60,000 unique traders, the platform has become a bustling marketplace where social connections are not just made but also traded.
The brainchild of the pseudonymous developer Racer, who has a history of creating NFT-based social networks, Friend.tech is aiming high. It targets crypto influencers looking to monetize their extensive fan base through trading fees and Web3 projects aiming to forge stronger ties with venture capitalists and key industry players.
With the arrival of Friend.tech, we're left pondering the ethical and social implications of monetizing social interactions. Yet, there's no denying that Friend.tech represents another leap in how blockchain technology can transform the way we connect, interact, and even profit from our social networks.
Thank you for reading and have a great week.
— NFT Review
🖼 crypto-native
Have you tried Upgradooor to supercharge your ERC-721 NFTs?
RMRK published new Singular Release notes, detailing all the progress the team has made in the last couple of months. The Singular advanced NFT marketplace is now available on Ethereum, Moonbeam, Polygon, and Base.
ApeCoin voters are discussing the creation of a royalty-friendly OpenSea competitor.
Chris Dixon joined Nouns DAO.
ethOS held an NFT mint for preorders of its upcoming phone.
Farcaster announced plans to move to Optimism.
Nate Chastain was sentenced to three months in prison over the OpenSea insider trading case.
PartyDAO introduced the ability to customize the artwork of Party membership NFTs.
Lazy Lions introduced Lazy AI, an AI-powered character builder system.
Pudgy Penguins unveiled its own clothing brand, Igloo.
Sound introduced a native bridge to Optimism.
Nouns Esports just qualified for The International 2023 Dota 2 tournament.
Decentraland launched Single Sign-On support and introduced a new in-world camera system.
Cool Cats announced Clon, the collection’s creator, is stepping up into the project’s CEO position.
Yuga Labs said it will sunset support for OpenSea’s Seaport protocol.
Sound introduced a Collect on Playlists feature.
Axie Infinity unveiled Project T, an early prototype of a new Axie game that will center around digital meetups and mini-games.
Rarible sees uptick after commitment to royalties.
Unstoppable Domains launches instant messaging with XMTP.
Sotheby’s and Yuga Labs respond to lawsuit from Bored Ape investors.
DeGods co-founder departs amid falling NFT prices and pushback.
🌎 global adoption
Lufthansa Airline launches NFT loyalty program on Polygon.
Animoca subsidiary builds AI and NFT tools for educators.
Adidas creates residency for NFT artists with plans for physical collabs.
Did the SEC just declare war on NFTs?
That’s all for this week, see you in the next edition! Got some links to share with us, artists to feature, NFTs to sell, jobs to promote, or events to popularize? Get in touch with Bruno or gbaci!