NORN.xyz Newsletter Week 44
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Yet another busy week has gone by in the world of crypto, NFTs and Web3
TL;DR
Dogecoin is up almost 100% on Elon Musks Twitter takeover
Marimekko enters the Metaverse in collaboration with Decentraland
Rick & Morty co-creator Justin Roiland NFTs boast $15 million in turnover during the first 24 hours
Instagram launches NFT marketplace
MakerDAO co-founder Nikolai Muchigan found dead in Puerto Rico
Business & Markets
Dogecoin up almost 100% since Elon Musks Twitter takeover
The infamous memecoin Dogecoin is yet again making rounds and is up almost 100% since serial entrepreneur and billionaire Elon Musk acquired Twitter. Musk has a long history with the memecoin, starting back in late 2020 when he tweeted the following:
Since the Twitter takeover, Musk has not mentioned working on any projects related to the memecoin, so the current pump is purely based on speculation that he might.
Marimekko enters the Metaverse with Decentraland
Finnish designer brand Marimekko, known for their flower pattern, announces a new Metaverse in collaboration with Decentraland. The space is, you guessed it, a virtual flower meadow inspired by various Marimekko designs from over the years. The project comes to life in Decentraland during the famous startup conference Slush. Marimekko’s head of Innovation Suvi-Elina Enqvist says sustainable business in the future will be supported by Metaverse-backed technologies. Read more here.
Innovation & Launches
Justin Roiland's Art Gobblers boasts over $15 million in revenue
Rick & Morty Co-Creator Justin Roiland created an NFT collection called “Art Gobblers” with backing from VC firm Paradigm. Art Gobbler's goal is to create a “decentralized art factory”. The collection of 2,000 NFTs was a free mint, but has already turned over 9,000 ETH in sales volume on the secondary market, which at the time of writing is just above $15 million USD. Each of the collections 2,000 NFTs function as independent on-chain art galleries, meaning they can “digest” art created in the ecosystem, adding it to their “art bellies”. An ERC–20 token $GOO must be used to mint the art. The token has not yet launched, so be aware of any scams out there.
Instagram launches NFT marketplace
Starting this week, Instagram will allow a selected group of creators to mint and sell NFTs directly on their app. Instagram recently launched a ”Digital Collectibles” feature where users can connect their wallet to showcase their NFTs. The new addition of a marketplace will be piloted on Polygon. Read more about the announcement here.
Guides & Tutorials
An introduction to Decentralised Finance
Have you ever wondered how Decentralised (DeFi) actually works? DeFi makes even the most complex financial transactions seamless. Within seconds you can lend and borrow, trade and tokenize assets on the blockchain, but how does it all work? We wrote a guide, taking you through the basics of DeFi.
Research & Miscellaneous
MakerDAO co-founder found dead in Puerto Rico
The 29-year old stablecoin pioneer Nikolai Mushegian who was an early developer and co-founder of MakerDAO the largest DeFi protocol on the market has been found dead, reportedly dragged out in the ocean by strong currents. A few days prior to his death, he had been tweeting about alleged conspiracy theories involving the CIA and Mossad.
Was he dragged out by the currents, or did something else occur here? Regardless, we send our best to Nikolais friends and family.
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