🗻 Should Yuga Labs move Otherside to Avalanche?
Lil Nouns outpacing Nouns / ENS PfP / NFL NFT game / Netflix NFTs
Zima Red gives readers the weekly pulse on the biggest news around NFTs. Join our community and take the journey with us by subscribing here:
📉 Market
Goblintown (+50%), Rug Radio (+40%), Kumo x World (39%), and Deadfrens (30%) floors are all up a lot this week.
Different “free mint” projects have taken volume away from blue chips lately and are definitely something to watch. A rise in free mint projects will intuitively hurt a lot of the lower-tier collections due to the increased supply.
👤 Social & Collectibles
Lil Nouns DAO outpaces Nouns DAO
The Nouns DAO expansion, Lil Nouns, briefly outpaced the original in daily ETH raised. Lil Nouns leveraged CC0 to essentially clone Nouns DAO and its auction format. The main thing that differentiates Lil Nouns and Nouns is how often auctions occur. Only one new Noun is minted every day while a Lil Noun auction occurs every 15 minutes.
Lil Nouns DAO is also buying Noun 253 - giving it a direct say in Nouns DAO governance.
In related news:
POAP founder Patricio Worthalter has drawn concerns over his Nouns holdings and constant auction bidding. Some worry that Worthalter has become a de facto gatekeeper to Nouns DAO. Worthalter appears to have pure intentions to match his good reputation.
He believes that Nouns DAO can become the largest member-owned organization in the world.
“I’d rather pour my capital here [Nouns DAO] where I have direct influence on its ability to do useful work than putting it on yet another VC fund.”
ENS PfP
ENS is hiring an NFT artist for an upcoming PfP project. The winning applicant will be paid $18,000 in a lump sum for the IP.
How Degenz’s floor went to zero and came back
In related news:
Degenz co-founder OSF dropped a PfP project that was bought by Snoop Dogg and Cozomo de’Medici.
🎮 Gaming
The NFL partners with Mythical Games on NFT game
The National Football League and the NFL Players Association have partnered with the game technology studio Mythical Games in the development of an NFT gaming project called NFL Rivals to be debuted next year.
The game will be a fantasy football game where users play as an NFL team’s general manager.
The game will feature all 32 teams and all of the league’s players.
The game is free to play and each player will be given a starter NFT.
The game will be 3-D arcade style.
STEPN to block users in mainland China
The blockchain-based fitness app, STEPN, is blocking users in mainland China. The move was made per the request of Chinese authorities due to the country’s regulations on cryptocurrency. STEPN will stop providing mainland Chinese users with GPS and IP geolocation services on July 15.
Defi Land launches its first game
It quickly became the third biggest game in terms of market cap within the Solana ecosystem and reached 10,000 active users in just 2 days.
🌎 Virtual Worlds
Ava labs proposed that Yuga Labs should move Otherside to Avalanche
Ava Labs, the developer of the Ethereum rival ecosystem, Avalanche, has proposed moving Yuga Labs’ Otherside Metaverse and ApeCoin to its chain. The proposal follows last month’s Otherside launch where Ethereum gas fees cost participants over $180M in total.
Yuga Labs’ suggested that ApeCoin should eventually move to its own dedicated chain.
Others suggested that ApeCoin moves to an Ethereum L2.
Ava Labs suggested Yuga Labs migrate Otherside and ApeCoin to an Avalanche subnet in its proposal. Throughout its Apecoin Forum post, Ava Labs touted the subnets' speed, security, customizability, and low fees.
The document mentioned “low fees” 5+ times.
📰 Mainstream
Love, Death + Robots NFTs
The Netflix hit, Love, Death + Robots (Zima Red’s namesake) will add an NFT scavenger hunt to its new season. QR codes for NFTs will be hidden throughout the show.
The show partnered with the web3 studio Feature
The NFTs start at 0.003 ETH (~$6)
Elvis NFTs
Elvis Presley enterprises partnered with the web3 gaming studio Run It Wild, The Sandbox, Decentraland, Voxel Architects, DAPPCRAFT, and Meta key to launch 1:1 Elvis Genesis Key NFTs. The NFTs will give owners access to exclusive discord physical and virtual galleries, NFT exhibitions, and pop-ups.
NFTs to help Pool Together
Plaintiffs are filing a class-action lawsuit against Pool Together claiming that a platform is a form of lottery thus prohibited under New York law.
Mirror introduces '“Writing NFTs”
The platform will allow writers to mint their writing as an NFT for free. The writer can set a customizable supply and price for the NFT.
📚 What we’re reading
Marc Andreesen's book recommendations | Bankless
A Letter From Our CEO | Galaxy Digital’s Mike Novogratz - He got a wolf tattoo to pump his Luna bags, so it’s probably worth a read.
What is a Dynamic NFT | Chainlink - The article explains the difference between static and dynamic NFTs. It then demonstrates some use cases for dynamic NFTs like tokenizing real-world assets, building progression-based video games, or creating blockchain-based fantasy sports leagues.
Token Gated Commerce | Not Boring - A written interview on Shopify’s Web3 vision with Alex Danco.
Addicted to Speed | Nat Eliason - A reminder to slow down.
“You don't want a house out in the country. You want to slow down.”
🎙 Zima Red Podcast
Ado and Yas are building a web3-native, cross-IP PvP game called Galaxy Fight Club. You can think of it like Super Smash Bros for the metaverse.
We discuss:
The Galaxy Fight Club meta
How to balance skill-based gameplay with NFTs
Why integrating 3rd party IP is so important Building game logic on or off-chain
Earning NFTs through FUN gameplay
Play-to-Earn with NFTs instead of tokens
David and Chris are the founders of Lit Protocol. Lit is a decentralized, identity-based encryption and access control protocol. What that means is that they are an access control protocol for the internet.
In this episode we chat:
Why access control is hugely important
Why access control needs to be decentralized
On-chain identity as a means of access
The nearly limitless use cases for Lit
What it is like being a founder in web3
Why now is the perfect time for web3 to go mainstream