Facebook and Instagram to adopt NFTs.
Will Azuki founder run away from his current project like he did the three others?
Madonna and Beeple giving birth to something in the NFT space while CryptoPunks crash.
And we finally have an Otherside trailer for you just in time for VeeCon.
Let's get into some NFT alpha goodness!
NFTs are making their Instagram debut this week
as Meta prepares a pilot test with a small number of NFT enthusiasts in the US.
Instagram will support Ethereum, Solana, Polygon and Flow blockchain NFTs
and various popular NFT wallets so they can verify ownership.
Users will be able to create NFT profile pictures, share the art and tag the creators.
They'll also be able to use the NFTs in the metaverse.
All of this will supposedly be free,
versus Twitter, which originally made users pay to use their NFTs as their profile picture.
But just remember, guys,
nothing is actually free.
Sweet Baby Ray's
Our generous overlord, Mr. Zuckerberg, previously stated desire to even allow users
to mint NFTs on the platform,
potentially bringing billions of new users into the space.
As of the first quarter of 2022,
Facebook had 2.93 billion users,
and Instagram came in with over a billion users.
Hyped that Flow will be one of the networks available on Instagram,
Dapper Labs CEO Roham said on Twitter
that social media integrations will be game-changers for NFTs
like NBA Top Shot, NFL All Day and UFC Strike,
letting billions of users show off and eventually trade these assets seamlessly.
Will Instagram and Facebook NFT platforms bring mass adoption to the NFT space?
Or will this blow up in Zuckerberg's face
like that time he tried to launch his own currency?
Let us know in the comments below.
And Azuki founder, Zagabond, received a major Twitter lashing this week
when they revealed they previously walked away from three failed projects---
Tendies, CryptoPhunks and CryptoZunks.
While most of the Twitterverse was sympathetic to Zagabond's explanation that
they learned from these projects and that knowledge made Azuki successful,
many in the community were ready to burn them at the stake,
accusing them of rug pulling and pretending to be a female to better market CryptoZunks,
along with other misdeeds.
Zagabond finally issued an apology.
"I realized my shortcomings and how I handled prior projects which I started.
To the communities I walked away from,
to Azuki holders and to those who believed in me,
I'm truly sorry."
The Material Girl Madonna teamed up with Beeple to launch a series of NFTs,
Mother of Creation,
showing an avatar of the 63-year-old pop singer giving birth to various symbolic images.
A tree, butterflies, mechanical centipedes,
you name it and Madonna's giving birth to it.
"On a more existential level, I'm giving birth to art and creativity,
and we would be lost without both," Madonna said.
The NFTs went to auction on SuperRare on Wednesday,
with the proceeds going to National Bail Out, V-Day and Voices of Children.
We'll see if Madonna can pull some profits out of her NFT auction despite the bear market.
Because unfortunately NFTs are Struggleville right now.
A CryptoPunk was actually sold at an 86% loss on Sunday.
Ouch!
In October, this same CryptoPunk sold for over a million dollars,
and on Sunday, it just sold for $140,000.
CryptoPunks was one of the original NFT projects that gained popularity in 2021,
but since then, it's fallen from grace.
Even the team behind Bored Ape Yacht Club,
Yuga Labs,
which purchased CryptoPunks back in March,
has done little to boost CryptoPunks' popularity.
They're probably wondering if they've been punked.
But on the bright side, Yuga Labs released their tech demo for Otherside.
The metaverse for Bored Ape Yacht Club NFTs will become playable avatars.
With the tech demo, the company put out an intriguing tweet.
"Fragments of an Obelisk have washed ashore in the Biogenic Swamp.
Voyagers, your Otherdeed is key to helping build the Otherside metaverse.
As we reassemble the Obelisk together, the Otherside comes to life."
Then they also put a link to their new website.
Otherside holders, aka Voyagers, can harvest artifacts, Kodas and various resources from their land,
potentially being able to trade or sell them on an open marketplace.
"Otherdeeds are dynamic NFTs that contain all the game elements.
Each Otherdeed comes with a set of resources and some include a Koda or more,"
Crypto Times explained.
Since the website and demo launch, fans have sung the Otherside praises
and continue to share pictures of their Otherside land.
Some are even creating guilds.
And in turn, ApeCoin responded,
becoming one of the few coins in the green on Thursday.
And finally, VeeCon tickets are still for sale.
VeeCon describes itself as a first of its kind Web3 conference
built around NFTs, pop culture, entrepreneurship, marketing and innovation.
Sponsored by the likes of Coinbase, Gala Games, Pepsi,
VeeCon promises a star-studded lineup that includes Beeple, Snoop Dogg
and many, many other NFT investors, artists and enthusiasts.
VeeCon will be held the 19th of May through the 22nd of May in Minneapolis.
Hey, if you're there, make sure you come up and say hey
because I'll be walking around the halls.
That's all I got for today, BitSquad.
Deezy out.