This week’s news was packed full of massive new entrants into the crypto, metaverse, and NFT markets.
First on my list was the Adidas NFT drop with my friend, GMoneyNFT. You might remember G from this alpha-packed episode of Look Up! that we recorded just a few months ago. Really proud to see this guy execute his bold vision for the future.
Not to be outclassed by their age-old rival, Nike announced the acquisition of RTFKT studios, one of the leading metaverse fashion brands who only 1 day prior revealed their much-anticipated Clone X NFT collection.
Michael Jordan and his son Jeffrey entered the NFT game on Solana, announcing a $10m raise for their fan-engagement platform, HEIR.
And what would mass adoption look like without a Trump throwing her hat into the ring? Melania refused to sit on the sidelines and watch when she announced her own NFT collection.
Finally, Radioshack in a hyper-cringe move has decided to become a DeFi company…
So where are we at? Is this all one massive top signal - should we be selling everything? Or is this simply a clear sign that mass-market adoption for the broad crypto ecosystem, the metaverse, and NFTs has finally arrived?
The answer, frankly, is anyone’s guess. The devil is in the details as they say and you really need to dig deep to identify the serious builders from the cash grabbers.
What I’m Reading
Ideas
World Building, Alex Danco
The Many Worlds of Enough, More to That
Markets
Should Members of Congress be banned from Insider Trading? DUH!
Jerome Powell Presser after FOMC Meeting
Metaverse, NFTs, Web3 Social & DAOs
Unveiling the Open MetaDAO, Ryan Gill (Ryan was prev a guest on Look Up!)
Adidas Launches NFT Collection with GMoneyNFT (prev. guest on Look Up!)
Nike Acquires RTFKT, TechCrunch (More here from RTFKT founder)
The Inherent Value of Games & Where It’s All Heading, Mark Laursen, Founder of Ember Sword
Melania Trump & Michael Jordan Launch NFTs (Top signals or mass adoption?)
Crypto
Bitcoin vs. Ethereum in 2022 an Interview with my friend Avi Felman, co-portfolio manager at Blocktower
Optimistic Rollups: The Present & Future of Ethereum Scaling, Offchain Labs
An Explanation of DeFi Options Vaults, DeFi Capital
Endgame, Vitalik Buterin
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