Daily News - March 16, 2022
TLDR:
ConsenSys, the parent company of MetaMask and Infura, raised $450M from Microsoft and SoftBank. Leaked documents from Yuga Labs pitch deck point to previously-planned virtual land that should have netted $442M in primary sales. Last but not least, there may be a MetaMask ($MASK) airdrop around the corner.
Treasure:
BitGet, a centralized exchange, officially lists $MAGIC! (Source)
Smolove has released their whitepaper! For those looking to save time, I’ve summarized the main points. (Source)
Find Love:
Matching mechanism based on swiping (similar to Tinder)
Married couples receive Love Basic Income (paid out as $MAGIC and later $SMOLCOIN)
Income depends on happiness score and rarity of rings
Ring Information:
5,000 supply size (800 for public mint)
Forging ring into a different type requires Treasure
Higher rarity rings (e.g. Banana) requires $MAGIC
Only able to forge when single
Marriage and Happiness:
Cannot marry two SmolBrains you own; require matching with an external owner
Create a prenup to propose, which must be signed by the other SmolBrain owner
Married Smol couples begin with max happiness score - this score determines your Love Basic Income amount
To maintain your happiness level and your income you can participate in SmolVille activities
Alerts:
For those curious about transitioning to a full-time role within Web3, I’ll be hosting a Twitter Spaces event alongside a1rport, linkoman, omega, and sammi to discuss our transition! (Source)
OpenSea Volume:
Ethereum trends slightly higher - currently at $2,637.59 (+3.2%)! OpenSea volume is stabilizing and potentially gearing up for an upward climb. We closed the trading day with $61.99M in volume (+18.7%).
News:
Yuga Labs, the owners of BAYC, CryptoPunks, and Meebits, plans to offer virtual land plots that’ll be integrated into their larger gaming-focused metaverse titled MetaRPG. Although unconfirmed, early figures point to a supply size of 200,000 virtual land plots (170,000 for public sale) that would net Yuga Labs roughly $442M. (Source)
EDIT: Garga, the co-founder of BAYC, clarifies the upcoming virtual land plots is from an out-of-date pitch deck. He clarifies much of the roadmap for BAYC has changed from this initial pitch deck. (Source)
ConsenSys, the parent company of MetaMask and Infura, raises $450M from Microsoft, SoftBank, and Temasek. This current round of funding places ConsenSys at a valuation of $7B. (Source)
NFT Harold, a council member of TreasureDAO, launches a fundraiser to raise funds to support flood relief efforts in North-East Australia. The collection starts at 0.1 ETH and features exclusive pieces by Pixel Mat and Commonpoly! (Source)
RTFKT releases their Meta Dungeon Quest in The Sandbox! Unfortunately, players require a season pass to access this exclusive content. (Source)
Layer Zero has officially launched its beta across Ethereum, Avalanche, Polygon, BNB, Fantom, Optimism, and Arbitrum. For those that appreciate cross-chain experiences, check out this thread by the CEO of Layer Zero. (Source)
3Landers airdropped holders Adventure Bags - currently trading for 0.1469 ETH ($372.34). (Source)
Notable Sales:
Bored Ape #4988 is sold to MoonPay for 180 ETH ($456,467.40)! This marks the 14th BAYC the company has acquired - cost them a grand total of 3264.557 ETH ($8,282,899.31). The average price paid per BAYC stands at 98.92 ETH! (Source)