Reading time 3m57s
GM degenz ✌️
So the Merge didn’t work.
And by work, I mean it didn’t make my portfolio immediately go +100x 🙃
In fact, with the recent slide down over the weekend, there has actually been nearly $1B liquidated in ETH alone since the Merge.
There is some good news 👀
- Apple Caves on NFTs 🍎
- Aguilera NFT TMs ❗
- Aussie Adoption ☀️
- eSports on Solana 🏈
- Angry Tides 🌊
Apple to Allow Apps on the Apple Store to Use and Sell NFTs
This is massive, but so is the catch.
Good news first:
- ~1B people use iPhones
- ~1M games on the Apple store
- ~50% of people play mobile games
- +60% in places like the US and UK
That’s a lot of people who are about to get exposed to games and gaming ads that offer NFTs.
But it’s not just games 🤔
Think about OpenSea, Magic Eden, all the top NFT marketplaces finally being allowed to launch mobile apps on the Apple store.
It also means a whole new paradigm for mobile wallets and web3 smartphone capabilities.
This one move could single-handedly revive the NFT markets and drive crypto adoption through the roof.
Now the bad news.
Apple wants 30% off the top.
Most marketplaces already take 5-10% fees off each transaction, and the 30% would be on top of that.
Think Apple will budge? Think again.
Magic Eden reportedly made a counter offer of 15% that was declined by Apple.
Frankly I think it should be 0%.
However, a more reasonable and level-headed approach from Twitter user @gabrielleydon is probably the better way to look at it.
“Everyone is focusing on Apple wanting its 30% cut of each transaction without realizing this could put an ETH wallet in every single mobile game onboarding 1B+ players!” He added, “I will HAPPILY give Apple a 30% cut of a free NFT.”
I mean, let's think about it 🤔
Is anyone gonna sell their Bored Ape for $1M and lose $300k to Apple?
Of course not.
Big sales happen direct, P2P, or at least not on the most expensive marketplace possible.
But what about all the music apps, the ‘Proof-of-Protest’ and ‘Proof-of-Attendance’ type stuff, the mobile games that just want to sell $5 items or do a limited NFT mint?
All that stuff becomes way more possible for the average consumer through a trusted medium like Apple, and it will remain easy for them to pay with their usual method (credit card, debit, Apple Pay, whatever).
A “whale” or “big spender” in the mobile games industry is anyone who spends more than $25 per month on in-app purchases for mobile games. Can you guess who many mobile game “whales” there are worldwide?
Tap your answer below to see if you’re right!
Christina Aguilera Files Metaverse and NFT Trademarks
The star is making moves in web3.
Maybe if he lets her borrow his Bored Ape, she’ll finally switch chairs with Eminem so he can sit next to Carson Daly and Fred Durst 😅
No but really, Aguilera has been a pioneer for a new music industry as her career moved from being under the spotlight to shining it on others.
There’s no news yet about what her plans are in web3, but a company she’s worked with for years called Three Wishes LLC filed the trademarks on her behalf, which include:
- Crypto collectibles
- Downloadable virtual goods, namely art, avatars, clothing, jewelry, and other merchandise
- Entertainment services, such as musical performances, music concerts and virtual appearances in the metaverse
- Online, non-downloadable games in the metaverse and other virtual environments
We’ll be watching for an Aguilera drop in the near future 👀
Web3 Pipeline 📢
Australia set for widespread adoption - a survey commissioned by Australian crypto exchange Swyftx says that 1M Aussies will enter crypto over the next 12 months. Australia has always been ahead of the technology curve, with legends of the hacking community and cybersecurity industry hailing from down under in the early cypherpunk days. It’s not surprising to see that sentiment is shifting in favor of crypto there, despite the average perception in the current market.
Football eSports coming to Solana - famous football team AC Milan has announced a unique partnership with MonkeyLeague, an eSports blockchain game. It’s not just good advertising for the game, which now has the players of the popular sports team testing it out and using their in-game branding and characters, the club AC Milan is excited too because it’s their first foray into the metaverse. The sports world and NFTs are a powerful combination to keep our hopes up during this brutal bear market.
Angry Tides NFTs making a splash - these NFTs are by a team of creators who are angry about the state of the oceans. Did you know that, barring any intervention, there will actually be more pieces of plastic in the ocean than fish? That’s just a number to make you feel something, but you should feel it. This is just one project that’s hoping to make waves in the NFT space and donate 20% of everything from the mint and secondary sales to ocean preservation, but if you don’t want to get involved this way, you should think about how you will get involved. We all need the oceans.
NFT drops of the day 👀
🛑 NOTE: drops not promoted/endorsed
✅ DYOR and practice safe minting!
The number on top represents all the stars in the visible universe.
The number on the bottom represents all the possible Bitcoin wallet addresses.
The more you know ⭐
That’s all for today frens!
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DISCLAIMER: This is not financial advice. This newsletter is strictly educational and is not investment advice to buy or sell any assets or to make any financial decisions. Do your own research.