w3 weekly web3 gems // cw26 2022
what's up in web3?
???Why Solana Is Going Big on Mobile—And Making a Smartphone
Solana Labs has unveiled Saga, a flagship Android smartphone focused on Web3, releasing in 2023. Solana Labs co-founder & CEO Anatoly Yakovenko shares his insights, highlighting the phone’s privacy features and Solana’s competitive advantages over other protocols. “This is the right thing to do at the right time,” Yakovenko said.
???Digital Toy Platform Cryptoys Raises $23M From a16z, Dapper Labs, Mattel
Cryptoys, an NFT-based startup, announced it had raised $23 million in a Series A funding round led by a16z. The company, which seeks to mix NFTs with the world of gaming and virtual toys, will create what it calls a “cryptoyverse,” which will also implement play-to-earn features and issue its tokens.
????South Korean Exchange Korbit Issues Employee IDs As NFTs
Korbit is one of South Korea’s only five licensed crypto exchanges. Essentially, Korbit issued employee IDs as NFTs to uplift its sense of community. The NFTs feature traits such as company, favorite color, honor, nickname, position, and year of entry.
???Three Arrows Capital Falls Into Liquidation After Crypto Crash
The liquidation order comes after a high-profile notice of default: On Monday, crypto broker Voyager Digital announced that Three Arrows Capital had not made the required payments on a loan worth more than $665 million, paid partly in bitcoin.
???Binance Partners With Khaby Lame, TikTok’s Most-Followed Creator with 140 Million Followers To Increase Web3 Awareness
Khaby became a sensation for his spin on "life hack" videos, navigating overly complicated scenarios without saying a word while doing the famous "Khaby move." In this multi-year partnership, he'll use his signature style to tackle some of the misperceptions around Web3. Lame will also partner on exclusive NFT collections with Binance, further enhancing the experience for his fans.
???Bored Ape Founders Respond to 'Crazy Disinformation Campaign' From 'Demented Troll'
Yuga Labs, the NFT company behind BAYC and MAYC, has filed a suit against American conceptual artist and creator of NFT collection RR/BAYC, Ryder Ripps, and his partner Jeremy Cahen. Yuga Labs claims the creative director is “scamming consumers by misusing Yuga Labs’ trademarks.”
???How L’Oréal is Gearing Up For the Metaverse
L’Oréal and Louis Vuitton Moet Hennessy (LMVH) have both taken tentative steps into the metaverse. Senior leaders explain how they’re approaching this new space – from deciding which brands in their portfolios are best suited to the emerging environment to how they find the budget to fund their experiments.
???$100 Million Harmony Hack Linked to North Korea
Suspected North Korean hackers known as the Lazarus Group are believed to be behind the recent $100 million heist on California blockchain Harmony, a firm that tracks stolen cryptocurrency.
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w3.fund hand-picked articles/podcasts of the week
articles
1) “On-Chain Forensics: Demystifying stETH's "De-peg"”, by Nansen
In this report, the Nansen team wanted to shed light on the build-up of events dating back to the UST/LUNA period, to the recent events that took place in early June, purely backed by Nansen’s on-chain evidence.
2) “Toys, Secrets, and Cycles: Lessons from the?2000s”, by Chris Dixon
Chris Dixon is the head of a16z’s crypto fund and an early internet investor. In his recent blog post, he talks about the early days of the internet and how similar it is to web3 today.
3) “This Week in Music NFTs - June 27”, by Coopahtroopa
Web3 influencer Cooper Turley - well-known for his investments and engagement in music NFTS - summarizes the music-focused events at NFT NYC.
podcasts
1) “Decentralized creativity & collaboration (with Rob McElhenney)”, by web3 with a16z
McElhenney is the co-founder and co-chairperson of Adim, which brings web3 technology to creative development to build a new model and value network for creators and collaborators to have a stake in the success and evolution of what they create. Given the theme of "decentralized media"/ "decentralized content creation," the conversation covers decentralized creativity and collaboration; community, creator access; IP and evolution of the internet; and where NFTs and web3 specifically come in... do we need web3 for this?
2) “For Anyone Who Still Thinks NFTs are a Scam...”, by Gary Vee
Gary talked with Daniel Pink and Angela Oguntala after the Brand Minds conference in Bucharest, Romania. For anyone out there still struggling with the concept of NFTs, their practicality, utility, or the point of NFTs, this episode will be a great listen.
3) “NFT Lending’s Potential with Arcade Founder Gabe Frank”, by Overpriced JPEGs
Gabe comes from a family that owns a chain of pawn shops and attributes this experience to his interest in loans collateralized with non-fungible physical assets. Mix his crypto experience at BitGo and Curve, and you get Arcade! How does Arcade work? What does the current state of regulation look like? How do the future of Arcade and the NFT lending market play out? Answers to these questions and so much more in the episode!
w3.fund tweets of the week
w3.talk
Do you know that we have our own podcast called?"w3.talk"? Every week Vicky & Marvin discuss every important topic in web3. If you haven't already – tune in & leave us a subscription!
Wish all of you a sunny weekend! ??