NORN.xyz Newsletter Week 47
The most relevant news in NFTs and crypto.
TL;DR
After a long few weeks traveling Europe and visiting various Web3 conferences we’re back in the lab. It’s never a boring week in crypto and NFTs, is it? During the past week we’ve seen Genesis troubles evolve, Cristiano Ronaldo launch an NFT collection and JP Morgan file for a crypto wallet trademark.
Jump in to the most relevant news here:
Is Genesis the next domino to fall in crypto contagion 2022?
What the crypto crash will mean for Web3 fashion projects
Christiano Ronaldo launched NFT collection with Binance
JP Morgan files for crypto wallet trademark
How to gift an NFT this Christmas
Michael Lewis’ book on Sam Bankman-Fried - Apple aims for the rights
Vahid Toosi at the launch of FolkFigur at Statens Konstråd
Nordic Blockchain Conference in Copenhagen next week
Business & Markets
Is Genesis the next domino to fall in 2022 crypto contagion?
2022 has been a rocky road in crypto. The past year tells a story of fraud, Ponzi schemes, and uncontrolled institutional leverage. In last week's newsletter, we reported that crypto lending firm Genesis had faced a liquidity crunch and halted withdrawals. This week CEO of Genesis majority shareholder DCGs letter to investors leaked, sparking a lot of speculation on what might happen next. To sum up, it seems like DCG is facing several options - and none appear to be promising for the crypto market…
We wrote an analysis of the situation. Read the whole story here.
What the crypto crash will mean for Web3 fashion projects
This year alone has been increasingly interesting for fashion brands as they have, one by one, started to shift to Web3. Along with the latest happenings relating to FTX, the fashion industry is now bracing itself for skeptical consumers, and new regulatory restrictions are feared to limit the acceleration of Web3 incentives. Read more about the topic and where we will go from here at Vogue.
Innovation & Launches
Cristiano Ronaldo launches NFT Collection with Binance
Cristiano Ronaldo dropped an NFT collection in collaboration with Binance on the 18th of November. The collection carries several varying utilities, depending on the NFT's rarity. In conjunction with the release of the NFTs, Binance is giving away free mystery boxes containing NFTs that are not a part of the main collection.
Read more here (in Swedish).
JP Morgan files for crypto wallet trademark
JP Morgan, the largest US bank, has officially registered a trademark for, beyond other services, processing crypto payments. The application got approved on November 15th, 2022. Even though Jamie Dimon, the CEO of JP Morgan, is notoriously known in the crypto community for his negative remarks, this news shows an understanding of the need for crypto solutions.
Read more here.
Guides & Tutorials
How to gift an NFT this Christmas
Christmas is just around the corner, and we bet gift sourcing for your loved ones has already begun. 2021 was the year for NFT gifting - Gen Z and millennials spent tremendous amounts on cryptocurrencies, Metaverse land, and NFTs as gifts. We wish for 2022 to be as successful. We have created a guide on 'how to give an NFT' and listed some ideal NFT gifts. Merry Shopping!
Read the full guide here.
Research & Misc.
Michael Lewis’ was writing a book on Sam Bankman-Fried, Apple closing in on the rights
Throughout 2022, the author and finance journalist, Michael Lewis, has been meeting with Sam Bankman-Fried (SBF) to discuss his upcoming book on crypto and SBF. Mr. Lewis got a spectacular ending to the story, do you agree? Earlier in the week, Deadline reported that Apple is closing in on a deal to buy the book rights for mid-seven figures. Should it be a movie or a series? Let us know what you think in the comments below!
Events
Vahid Toosi at the launch of FolkFigur at Statens Konstråd
FolkFigur launches at Statens Konstråd on December 1st. We are delighted to announce that Norn's co-founder, Vahid Toosi, will participate and speak at the event. FolkFigur is the first Swedish governmental NFT and will mark this event as art history. The art piece, FolkFigur, references both Selma Lagerlöfs story about Nils Holgersson and the Swedish folklore about trolls. Signup to attend the event here.
Nordic Blockchain Conference is happening next week - Norn will be there
The last crypto conference for Norn to attend in 2022 is the Nordic Blockchain Conference in Copenhagen on the 1st of December. The event will be hosted in an intimate setting exclusively for 370 people. Among the attendees, we expect to see a balanced mix of Web3-native and non-blockchain companies, with attendants from Concordium, and Live Nation, among others. Read more and get your ticket here.