March 16: Crypto Summary
The MetaMask rumours are true and I cannot wait!
GM to everyone except governments that make money printer go brrrrrr.
They NGMI.
Markets
Here are today’s market moves:
Here's what you need to know:
🦊 MetaMask finally hints at a token AND a DAO!
Every crypto bro that uses ETH, uses MetaMask. It’s the gold standard.
ConsenSys, the parent company of MetaMask (MM), announced on Tuesday that it has over 30 million monthly active crypto bros using the wallet 🤯
That’s a 42% increase in the last four months, as reported by the company!
Joe Lubin, the CEO of ConsenSys, confirmed at Camp Ethereal that a DAO will be formed. This DAO will not govern MM but will enable the creation of novel new pieces of MM to be funded.
At the event, he also hinted about launching a token. This rumour has been out for months now but today it will be moving out of the rumour column and I am keeping an eye out for this.
If you aren’t, then ngmi.
When the news breaks, you can count on CryptoBrew to be one of the first places to tell you ☕️
At ETH Denver last month, head of operations at MM, Jacobc.eth, said the token launch will proceed cautiously and that it will "not be a cash grab".
It’s SUPER important that $MASK ( or $META, whatever it ends up being called) doesn’t suffer the same fate as other tokens like $GAS or $SOS and get pumped on launch or dumped afterward.
If anyone is wondering: Camp Ethereal 2022 is a yearly retreat centered around developments in Ethereum, blockchain, and decentralization.
First, the ETH ‘Merge’ is nearing and then we get a piece of MetaMask token news??
Hold my beer while I go swap my fiat for some ETH on METAMASK! 🏃🏻
Word on the street is that the number of $METAMASK tokens you receive is tied to the number of times you have transacted using the wallet!
Get to work!
Chris Cantino on where the NFT space is heading
Here is a visualized thread about Chris Cantino talking about what the future of NFTs look like and why you should be paying attention to it 👀
BAYC is aping in on metaverse land and token
The BAYC creators are not joking around:
First they acquire CryptoPunks, one of the oldest NFT projects ever
They then give IP rights to the Punk hodlers
Then they create a roadmap that includes virtual land
They also have an upcoming $APE token
They are betting BIG on metaverse gaming
Bored Ape Yatch Club sees value in the metaverse and is planning virtual land sales, and an $APE token to kickstart its metaverse gaming project.
According to The Block, who obtained the pitch deck that Yuga Labs (the creators of BAYC) has been using to raise money at a $5B valuation, indicates that Yuga Labs is planning on building a gaming-focused metaverse called MetaRPG.
It also mentioned that they will be selling 200,000 plots of virtual land that will be distributed across two sales in March and August this year, and they plan to raise $178M in each sale, in addition to secondary royalties.
TIME studios 🤝 The Littles NFT
TIME Studios, the Emmy Award-winning television and film production division of TIME, has joined forces with @wilxlee’s The Littles NFT to create a children’s series based on The Littles.
This partnership will expand TIME’s NFT initiatives and will be produced through TIME Studios’ Kids & Family division.
Mila Kunis' unique NFT TV show
Mila Kunis is creating a TV show based on the "The Gimmicks" NFT collection. Holders of her NFTs will be able to vote on the direction of the show's plot at the end of each episode.
Our type of candle light dinner
Check this out
Want to own a Punk/Ape but don’t have the funds?
Prysm allows you to buy NFTs with your friends. I feel this is an amazing investment strategy for communities/large groups of friends to invest in big NFT projects and grow their money chest.
Did you hear?
$1.2 Billion dollars worth of BTC have been purchased through Coinbase by Institutional Investors.
The week just got interesting as the Fed approves interest rate hike. Or maybe this was already priced in and no incoming dump?
Crypto lingo of the day
Block:
Not to be confused with bloke.
Groups of data within a blockchain. On cryptocurrency blockchains, blocks are made up of transaction records as users buy or sell coins.
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